Full text of Commercial and Financial Chronicle : August 5, 1893, Vol. 57, No. 1467

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

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HUNT’ S MERCHANTS’

MAGAZINE,

^
§ > t r j s p M'i w ,
SEPEESENTOTO TH E IN DU STRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
JHiuer-d, i •..rdlojf to A pe o f Conirre--. In the roar 139% by W it B. D i » » & Co., In tile offlee o f the Librarian o f Uoogrees, Washington, D , O.]

V u L . 57.

8 A I U K D A Y , A U G U S T 5, IS »3.

Site Chronicle.

The total for all the clearing houses records a falling off
from the correponding week o f 1893 of 8 2 per cent.

102 WILLIAM STRE ET, N. Y.

IFftfic BWHng J u ly *39.

CLEARING HOUSE RETURNS.

h. w t o n ..... 't i m

B oston........

P?detdeace**.

H ertford.,,..
New Hftvea..

.

Bgrtcggeld ...
Worc«*t#?.-,» I
l&wml ........
WKW Bedford

i
o is ji

[p.ct.

* J

-

.01

■S**
fJfl&Ttf&ttl >1*3
taiaa/.s* of * ifro
ii'.t
t# s
w8 |

«M£?.0?»f HM**?

lytlfpEfti

$ ,069

mv&ta^tr-iTo
-vo

z jm m ii

FI u BmukIpfeis. *

Pitt#burg......

Baffifcld,. . . . . .
Washington...
Bpekeeier ....
8fjwea#*i......
Wilmington
mngbsuaton..

Tot** Middle

CblOkgo.,...

W&*i

1

«&6 <V*I*
MllftMW
t^ m s m

•

M. »M4i-

Btirotvelaad«.

ifamps*. .

iSJVUAW

-i s
tH J S r tJ * .

)i*)i

8*

ctu lad olp bta.... . . . . . . . .
m t e o a r g ..... . . . . . . . .. .
B«tiaosorc.

. -

.

,

9-LliSAgl

f “ B e r t a b le o f c le a r in g # l»r t e le g r a p b » e « 4aa«> * u I

ii.0ti.7fi

7,0J2.»8d;

1.317 904

iiocli«»i*«r _____ . . . — .

|p. cmi '
» -3 «

..... .....

91,8*7.50*
I1.9tBOdO
0 ,lS i,t » 7 ;
»,50i,O75
5,1 H,924
ti0tlj3Q9
f t 4.785
1,681 *#»
901.921

10..6P2,434
1,270,979

m is M
w m j& ?

86M 01
978.9 ‘0

*)
~#M'0
>25 *S
-6 4 A
-3 6 2
-1 0 0
—6 0 0

«i^ i?{rsa3

-33*#

8^90 J27
0.0H.450
d .fM .as?
6.2 M.995
*..500.951
ija w i
1.429,7*4
#*5.4*2
sett.73a
*88,137
54* A*71
36B560
04.434
7740C'0

—45 3
—f4 6
-1 3 2
-8 * 1
—7**8
>1? 0
—t r «
-54*0
—#20
-ftr f
-3 1 2
—8 5
>23 3
—100

i a . m . 'r f i

34.h-.Yi.«•■••

—31 6

78,6 27)
2.6,783,'8 0 j

15.701.* 13
&,7MM»8S
3,0*rf.to7
1.4«7. ftort
1,3 5*V *00
*9 M # 6

2 IJ 7 M 7 7
0>30.f2O
0,612,855

—f « «
—IF*
—m '&
40 '5
>13*7
-6**6
-1 0 »
—6«n.»

1,093,412
la f.o o c
M0,0dt»

m

H d j& i

Linealti...... .

wtetma
Tnoeie ...

m t .m y

8 > ,0 4 0
79.0WI
70^90

rrem**ttt.
ISa eMnwm

-21*3
- 2 “*-8
—4f*4
—1*1
- 6 8'
-O'O
4 I«* $
—i f ?
—224-1)
-48-0
•Mi-9
—25 0
-Htro

571 & m
387,187
7**6.011
647.13?
22 .*,224
1*0,941
*290,417
30.040
14.M2.40l - Z 5 r ?
*.386.772
4.822A 1.8
0.6*9,001
8,8:13,480
1.420 445
L7 3l.5#7
1.825.000
435, > 5
782.021
&00.6S2!
*02,103
328,527}
05,0001
7i,4dftj

tm ,4 M

4
* 572JW
», i 4 , f l5
1-.IW.915
I.MM.6A9
X.IOCMm*
381.0JO

OeiiTerGrjiatfa
St. Jomph,... . . . . .
SioaxCitj — ....
ewe umxtm-. . . . . . .

10b.JKH.fiS

-30*2
—43'0

t jm

HmnmpoMA...,...

—m

8f*rit«s6*ldt M d.*..

llaMtlig**.,...... .
To lei Ollier
■Si. lioa s*............................?

New Orlm m ........

Irfjmiextli#,................

Oei+tBUm....

H •<a»ton,...................

'.'•’fuphl# ....................
SiiciiajOQd,. . ... ........ ..
NwlffflA....... .
8e»«*aMBi ...
USUklA ...................
(' h
. . ... ........ .

3.0fi." 1
'950,070

—i i * i

1 S 0 .W ,

69M I9
6#,900
210 OWO
123.089
101.1As
W.BW
& JM JC9

St. 'Peal......

1,510 801

18,79* ,90?
1,071,990

$ m ,< m

1.187,287*
1, 0S.521
2.411.155
1,A4N'A5
9*3.300
838,312

i ; 7 4 (1
870 #52
707B9.1

-1 5 6

18,374 7371
6,698.1*>
4.579.903:
1,8 20.9801
1.287.741
074.11*
2,36a^53:
042.9-8:
1.186,426!
? s m

tMMKB
3<>N000
3B3.704
190,95*1
3*6*709
.5l.Y3-.M09

608.* 17
860
a i w .m
4»#>02
*22,536
376,021

—3*0
>3*R
—B N
- S 7 ‘2
—2*1
—47 6

*7*135,000

-2 5 9

?oV,662:
■8K1 I f
38&,ol t
320,00m
150.410'
281,702
801,?4 n {
41,09A228j

907.759.6 <9

967,713.370

at

952,0(«.2S3:

0 a tild e Mew T o r i..., “ 104,370.001

* »4 ,f0 d ,7 il

—16*2

*0ri$0$il'.4J

0*11ee..........................

N o r fo lk .. . . . . . . . . . . . . . . . . .

^ > v „n k -;:;:::::::::::
BHmlngbeai......... .

Cb.*t4*ftoo*re,...
ia^iuMMStfile* . . . . . . . . . . .

MDOtreei
....
Torooto
BeUfex
iJammoo ............. .
T otal Ceaeda, . . . . . . . .

1Not Included In totals.

-5-0

1 685.759

m . 132,787

*$\ W h

2wi.l5d

ii&MOOi

Oosefee,..........

7.743,017

ttB U tf
t3 i# w

l.SOS^-Sl
ff6 ^ 7 *
T55.925
315.0* 1

...

Tote i Soatbera... **..,
Total eii-.»,**..» •,

[+S8

07,050,278
VA.-Arfl.842

iS L ie t ii

4.410.76*

****«*•■

- 5 2!

—12*7}
4 2 8:

78,610.226
U.51OJ0O
4.807,782
5.497,635
5,340,1-^
9B 9M 00
M M , 811
f ,269 OdO
t;-^ 3 3 7
344,17*
3?0.240
i»5,000
172,437
276,710
176,018
113.56 -.368

S,g03.f00
3.UH StM

Q ro o d B itpida.. . . . . . . . . .

I09.67y.l49 '

BKBBM413

7tM 7.7% ® \

y«aro*A. . . . . . . ..........
deca^MNl..... . . . . . . . . . . .
OoSstobaa-. . . . . . . . . . . . ..»■
1fsdiaaapolyi.. . . . . . . . . . .
Pworoi
..........

—**5
-s o !

-21 0|
UMa.300 —
10 8
703,i73
iRMS^seB«
t&uioo; 4*2 *|

»u.7is|
BSM 9
fD?«SP0[

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

*«
lf4,^AA„4»tU? f#ft 8#f (34r*...
m «7l >#'. 4&« CattftMr.......* ....... A*5.I4#.MJ0
fc * * l Middle Woa ion*.
■. - ,
4»a fraactaoo. . . . . . . . . . .
l
i
t
PottlltfMl.,... . . . . . .
IA»H'-A84 ■
^4C*b A*it l A t e a t f f .s ...... ...
*4H
*.§; t
4,tOMifb0fA! +f*b !>.» Asuteiee..
f. ..
..
4S<»Jid\n* —U» Greet Pell#
M
—if t staojK Pella
*-*? s 4x>keQ«—
“ i t An^agoero'ae*.. . . . . . . . . . .
-f*
Tocel Peetfte...***#*.*,»:
a®^.779| I fi Keaaea

: 44'"ft

H j& sjm

f.fit «a*|

BoflIMo
A ifc»biis#um., . . . . . . . . . . •

1tVH fVSIf{ t-t

II.itM 't

IMtiW
rt8?(BOT

Aspa.
519.7.1

<M7,031

T otal N ew KBgl&ud..

SadlttftW.«

*,?»%•« *124
(« ■ »*
’ *s*? >■ 5 !i
fw fjifr i
U*7.eit * 5 i;
€ f**t Faila,
f4ttx.*4r
ifco.swj
r«
Total Pedfiit; #0ySPto,tt§,
fUMHfJftt
-B N I
Sanaa* CttOT*.
27,398,^8.
* m&,
I fTMSfSfS MinneapeUe*,. »,M& 6l& fM i LDdf
CJxee&a,,., . ..
1W7.*If 4.3C4!
. I
iiMjWAiaa
B m m r m .,. .
8t- Peal... . . tfMh**1* 33UIft,$7f - w e
us tfMfS
M at**... ...
fiisi
HAjbStkS^
msmA:
&7t»y$,®:m
f t . J o * «p b ....
-tft
m
T §
S iou x City ...
S,l9ljda.
-#4
-*
P
f
il«9 MotJMNI
sjsmai#'
41 5
-ir a
ldJRCSvIWdI i v jm jn *
Ltooota....
ijmusM
wsciiit*...,
:tMHsiBB} iBiMjstif -r *
%j w m » HWff
Toptt*.....
ts ifp i
H M tm i 4 * 1
t m msby -HPS
Bet.ftfcTW.j IfiAllAsu: «mAW.f0T|
ttISAlM,342 41^8
i t - U a l i ------.A
m M & .7m i, i«Aj9f7MH -IT'*
+**«
N ew Orieesi#./n jm t.m i.
a5^,2«T„«m;
A' .
4^1
-lit
I»oa.i*r 111*,...»«!
SUMK4
ikj*»UMo{ +14*1?
-IT
TVAU.mt
W »*3eli|
i-tr-ii
■Hou»tt»u,,
6,X^.0OA]
7 I
t ii't
4ill4W
M
»*f‘
MesepdUk........
* *n».i 02;
/.ttctief- -4**11
f3>**.»?# —«*06
fU ebm ood —
19J»UJviei;
UMi*Mw
ii.SSsi.****? -T 'S ;
34BfT*Mfl -4'i
M eehTlu# ...
•f,751.1 w:
m jm m m
-l»*a
g e r a u o e h ...
4&J pt„Ki« t
4g,*WwJ5f M 4 3 3
3l.ll.ee t e . . . . . . t
-I Pm
If
—#'»
4,3 «7 » —i*ntf
!,o*. ,'•’ *•!
‘O karleeton*. .
iM I'f*# .......
y. .^42-^
»,U4‘#,»TU R ‘
BUWKB*7®s. *4»iw>o *«»g
M orfol* , , , ,
Jfi
?
♦J22-.'- >
f>t IJrid: I
-« 7
W e o o ............
•i n
IA 7t.»4l
|H440.13d! SfBHf'M
T on W m tk ,.
2,JulSo*
11*4
tf^WV97
B lim logO em .
1 > 2.1 *9 i
XMBlsiOlf
2 ,I » U ii
i -»<> 1
*4*t|
O tk tL W .I ,,.. i
LA-AM 7'
—10 9
*ol»48to-aU>.i UMUN&.iia.
l . “ »-*.HA.27*| 1.746.154.002: t H
Tot,*!: aU* 4
s > 241,$r*0■
—BPS ti3 lfv3f4.*2a 3A ,J »*,44T.«U
OatKtda f . T .,V ^m M , sS-y * o« i w q m -1 H
4 4*
MestffiM.,..
Ai-2l*iU58: PI
tm m jm
4*-!
ttOB4*3d#J
.- T w # o t # . . . . ...t
29.7f4BKr *•* 0 i*a tnn.LTi ISM5W.- -1 -f0*4
.......t
5J£! 6^4; 4*'2
.14yoi.7-.;
j»m
3 ^ 2 7 ,3 1 $ - 0 4
Ka*®iitoa»«. „J
Il.giv4»
-t
n
ipm.?3il
*H
t8'
SU*M8*!
^ Tot, Q*p«tf*.

E o w e l l . ..
New B«4ftWdL...
Fall Blear*..... .........

U liM tW ..H . . . . . . . . . .

tj&ytoi&sti

M a tx sm

CwKOIl. . . . . . . .
MLkLWMLi *T»iSSA7i;
6ea i‘»n© *5t'., liUMMitl
FOffOM4«. **»■.{
i *>,!■•*'
Belt L*k* €tkf f
iee&it#.,..* *,,,f
Tm&ozsm.......:
LSttMW.
X«oe A h w Nmi. a
t>m .W

.0.

Worcester-... .«••

(Mtmm«U...... .
HSIwassli#®—

ae/ s-veo

lo&iausA&oiis,.,
#r*»d Begdd*,

....
8e#in*w.*...,.

•*prtnifde d ......................

- AWaiiio,,.. . . . . . . . . . . . . . .

■

Mmjiwm 4-

M ilwaniM .

Pnrrtdoooo..................
Oartlord...—

T«al MM4I«.. . . . . . . . .

jPMM'Ir
**J«<M**i
ftMBulra •

t j m wm■

ii

Bmum.

wtios tngtotu

Total N. % » ' laojEwuao

42 0

>309 91 aw,8S8I
(20%7.;iS 1 414 5 0 Srt.S2<J.18S)
84.Mg.90l
—5-0
*.tl5,,<K‘9i 4.S7S.IOO 40 9 s-'.n.i.ssi
0,0*8.900
1Sl*.088i
1.; 51.575
2.1*91,273
4-4d
414*4
1,090.824
UB1,« 23
1,155,019
U17QM*
45*4
ti* ojai
l,O0*.4i 2 414'7
1,394.310
i.ioajofi
1,380.175
1,248.0*5
- 6 5
rm .mi
m%&n7
717.290
-12 8
*51.109
Hi 9t5
“ 1.28

. .. .

•

533.9f4«,8AS

®Prak JEnd’p July $%

P. Oewi

............ ahart*.)
(Grain...........buatels.) r n ^ iN s y )

New llo T o n .. . . . . . . . . . . .

f

wm.

M jm jm

I
r

1S&*.

— -T ~
New Tor*..

i

mrm

July.

.1892

wm.

For the month o f July the decrease from a year aeo reache s
i0 ’< per cent in the whole country, and outside o f New York
the toes i* !5 0 per cent, For the seven months the aggregate
for ail the Clearing Houses exhibits a decrease from 1SW2 of
l »i percent,
________________ ______ _
tm .

N O . 1467.

19175 J 41
■5930.712
1,»410.9*3
011.181
17,80 U 2*3

,

13.053,77#
6,930. *41
1,219.2#
Of ? . 67
19,801,^12

H.IK7 .’Sll
-I f 3
—If* 1
6,700,8^)1
j.ItH .llO !
-1 3 0
7?8,l2?!j
—1 *
19#id»,i0?i
-1 4 8

t Publloelloa dUoonUnued for the preseut.

THE CHRONICLE.

186

THE
$W £ f t W

CITY Bfcf^TTVTSTIT/

pages ‘2 2 0 , ‘2 '2 7 , 339, 229 for our State and City
Department.
All advertisements with relation to State and City Bonds
will likewise be found on the same and following pages.
See

TEE FINANCIAL SITUATION.

There seems to be a turn towards a better condition
of affairs this week. Of coarse we do not mean towards a
cure, for that rests with Congress alone; only palliatives
can be hoped for now, and these are being worked out
and socured through public and individual concessions
and distress. Prominent among the more hopeful
features are the gold engagements in London for the
United States. According to our private cable £1,807,000 was taken from the Bank of England in the week
ending Thursday for this country, and probably there
7s afloat from Great Britain to-day for New York and
other American cities about 14 million dollars in all.
Another favorable circumstance is the satisfactory
result of the action taken by the savings banks in
requiring the legal notice for the withdrawal of deposits.
Before that step was taken a continuous fear was felt
lest a run on those banks should be begun; the New
York savings banks are sound, and in that view had
not so much at risk as the money market had and the
general situation, which would have been greatly dis­
turbed if depositors had become nervous. Now that a
uniform notice has been followed by the acquiescence of
the people, the affair has had a very quieting effect, for
it not only ha3 put an end to the fear and uncertainty
which prevailed, but also has served as a conspicuous
evidence of improving confidence and consequently
has imparted a degree of strength to the financial
machinery of the whole country.
Still another satisfactory circumstance is that as the
week closes our New York banks are sending much less
currency to the interior. Some say this is not because
the demand has decreased but because of the inability
of our Clearing House institutions to respond to the
demand. We are inclined to the opinion from the in­
formation we have gained that both conditions have
tended to lessen the movement—that the call from the
interior is less urgent and that the New York banks are
less free. But however brought about it was a needful
step for a time at least. Our banks will be actually
stronger with the arrival of the gold now afloat, and
that will begin to come in at once. Beal strength is
also imparted to the situation by the daily improving
condition of the Treasury. Its gold reserve has now
passed the 100-million limit again, and that, added to
the better character of the banks’ reserves when rein­
forced by gold imports, is certainly reassuring. Some
movement, too, has been in progress to buy bonds and
increase the bank note currency. That of course is a
measure of great use at the moment in supplying custom­
ers, but it is in the nature of a temporary expedient
and not likely to be adopted so generally by the banks as
some of the reports indicate. It does not add to the
stability of our currency or improve credit in any im
portant degree, and hence such supplies of notes quite
quickly go out of sight without accomplishing all the
good expected of them. The movement, however, is
under the circumstances a favorable feature. A little
incident of the week, typical of the times, has been
the effort to establish a premium on small note cur­
rency. We do not look'upon the effort as important;

[V ol . LVII.

how far the transactions have been made for effect and
how far they are real it would be difficult to say.
These better conditions have been reflected in the
stock market and also to some extent in the money
market. On call, a3 represented by bankers’ balances,
money was active early on Monday, when loans were
made at £ of 1 per cent and interest, equal to about 51
per cent per annum, but later in the day the rate fell
to 3 per cent. On the following day 10 per cent was
the highest and 3 the lowest, and on Wednesday
and Thursday the range was between 6 and 2 per cent,
while yesterday the range was between 5 and 21 per
cent. The average for the week has been about 9 per
cent; renewals have been made at from 6 to 25, and
while the banks and trust companies quote 6 per cent as
the minimum, considerable amounts have been loaned
by them on the Stock Exchange at the figures ruling
there. Time contracts continue in urgent demand at
profitable commissions, in addition to the G per
cent rate of interest, and the offerings are very
light. Practically nothing is doing in commer­
cial paper. The banks have over $34,500,000
of loan certificates outstanding; they are urgently
called upon by their customers for extensions and for
new loans, but they are powerless to relieve the neces­
sities of merchants, and those who must have accom­
modation have to obtain it by the sale of their paper
on the best terms they can make. The Clearing-House
Loan Committee have issued $9,300,000 loan certificates
this week, and the amount now outstanding is $34,550,000. A large proportion of these new certificates have
been issued to aid the foreign bankers in importing gold.
The bankers deposit collateral with their banks and
borrow the money on the security for a fixed period at
an agreed-upon rate. The bank obtains loan certifi­
cates against this collateral and when the gold arrives
the loan will be repaid, the collateral released and the
certificates canceled. The Boston Clearing House has
issued $1,525,000 certificates this week and the amount
outstanding there is $10,090,000.
The large withdrawals of gold for shipment to New
York during the week induced the Bank of England
governors to advance the price of American eagles to
76 shillings 9 pence and bar gold to 78 shillings -^pance
per ounce, and on Thursday the Bank’s minimum rate
of discount was moved up to 3 per cent. The cable
reports 60 to '90 day bank bills in London 3 per
cent; at Paris the open market rate is 2| per
cent; at Berlin it is 3£, and at Frankfort 3f per cent.
Accor ling to our special cable from London the Bank
of England lost £2,054,000 bullion during the week
and it now holds £27,523,167. Our correspondent
further advises us that the loss was due to exports of
£1,807,000, all to the United States, shipments of
£474,000 to the interior of Great Britain, and imports of
£227,000—£108,000 coming from Brazil, £90,000 from
Egypt, £11,000 from China and £18,000 from sundry
sources.
Our foreign exchange market was unsettled early in
the week, lower on Wednesday and firmer at the closeThe offerings were largely from the arbitrage houses,
with a fair supply of commercial bills, but
there was a steady demand to remit for prospective
imports of gold, which caused a reaction on Thursday,
and long sterling was then affected by the advance in
the discount rate in London. Compared with last Fri­
day the market opened on Monday lower; Baring,
Magoun & Co. reduced long half a cent; the Bank
of British North America made two reductions of

THE CHRONICLE.

A cgcst 5, 1893.]

half a cent each in both long ami short; the
Bank of Montreal lowered the long rate one
cent and the short rate half a cent, aud
Ileidelbach, Ickelheimer & Co. rednced both long and
short half a cent. On Tuesday the Bank of British
North America reduced both long and short half a
cent, and ileidelbach, Ickelheimer & Co. and the
Canadian Bank of Commerce reduced long half a cent.
On Wednesday Brown Bros, reduced both long and
short half a cent but subsequently they restored the
long rate and moved the short up one cent; the Bank
of British North America advanced short half a
cent, while the Canadian Bank of Commerce re­
duced both long and short half a cent. On Thurs­
day Brown Bros, moved long up one-half and
short one cent,
Baring, Magoun & Co. ad­
vanced short one cent, the Bank of British North
America moved short up half a cent, the Bank of
Montreal and the Canadian Bank of Commerce re­
duced long half a cent, and Ileidelbach, Ickelheimer
& Co. advanced both long and short half a cent.
Yesterday the Bank of British North America advanced
short half a cent and the Canadian Bank of Commerce
advanced both long and short half a cent. The market
closed barely steady at 4 81 to I 81£ for 60 day and
4 84$ to 4 85 for sight. Ilate3 for actual business
were at 4 80i to ISO] for long, 4 83] to 4 84 for
short, 4 84J to 4 85 for cable transfers and 4 79] to
4 70j for both prime and documentary commercial
bills. The arrivals of gold during the week have
been $480,800 Spanish gold from Havana and $50,000
gold from London by the Aller and $170,000 by the
Augusta Victoria. The amount of gold now reported
in transit aggregates about $14,000,000.
Our statement of bank clearings for the month of
July reflects the prevailing depression in business. The
falling off is large and it is general, and tho feature ob­
served in the month preceding again appears—that is,
the ratio of decline is heavier outside of New York than
at New York. With New York include], the decroase
amounts to 10-Gper cent; excluding New Y'ork the
decrease reaches 15 per cent. In either case the show­
ing is the most unfavorable of any month the present
year, as may be seen from the following in our usual
form.
MORTfTLY CLSAK D TO S.

ctktnnp,
is e a .

TbUI 40.
taw .

CUartntt CiaMU ,V«
P .O L

l&M.

|

ISWL

r—A.
P.

Cl

*
•
•
»
4,528 -HO S.S08a»,»79 S ,W ,«S W S3 + 12*6
AM M 1U M
WmbtnMrf .. S.0BMI4.19O 6.227,471.409 - r r l
soil 1^00.004.747 +!*6
M*rcii . . . . . M 3 U o e .s u U U W
-HTO 2.170.7M.O® 2,044.019.575 + 6 6
l i t qUMT, ■ 1M0J.S&U9S 14S U U IU M
April.-------.........
J a n * ..-.....

+4*7

+1*6

+6-9
5.101360,951 —T 9 *.148.4S7.<H8
MSMS1.73I s .o sa s o w iu +4*7
tjM M fti,aw +7*9
-lo u
MW .wa.ra> S t )

24 qUAT.. . 1

-T 1

# m o n th * .

s r s W & K & lA & h l

J a lr ...........

4.1CUO6J0S' ijV & J U lJ fiO - v r t

+10
12.414,7+M6M +3*8

1.7S7.S3SaWo! 2,Or7.7Sl,KW -I S O

For the separate cities the exhibit is much tho same.
Taking twenty-one loading points, all but one 3how
a decrease from last year, and mostly in considerable
amounts too. The exception is Providence, which re­
ports larger clearings. Below we compare the totals at
the cities referred to for thi3 year with those for the
three years preceding. The grand aggregate for July,
1893, it will be observed, is smaller than for either of
these preceding rears, and the several cities, too, show
in most cases much smaller totals than in any of the
other years. The fact that ordinary business and
banking methods have been so entirely disarranged,

19?

cash being greatly preferred to checks, has no doubt
operated to make the decrease heavier than it other-wise would have been.
BANK CLEARINGS AT LEADING CITIES.

—— ---- -July.----------------- ----------1893. 189*2. 1391. 1890. 18 »3.
OOO.OOOi?
$
(omitted.)
s
$
New Y o rk ... 2,393 2,578 2,478 2,883 20.760
428
383
351
Chicago........
351 2,925
371
421
104
437 2,903
Boston..........
300
273
281
321 2,179
pnlladelphia
109
96
94
711
sc. L ou is----S3
75
432
Sun Eraa*co.
5+
67
79
6)
433
61
63
B altim ore...
63
58
61
75
435
63
PittBtmnr -..
-17
60
56
5*2
412
Cincinnati.. 07
29
29
305
New Orleans
28
3 >3
42
35
27
39
Kansas Ui y.
25
31
241
21
27
M ilwaukee..
217
31
36
Lonisvit e ...
21
31
37
23 4
34
28
35
Butialo.........
Or,
203
30
*27
27
24
25
201
34
Minneapolis.
23
23
27
197
16
22
23
183
25
22
24
Providence..
175
26
25
24
Cleveland...
23
140
*20
24
22
10
21
24
139
18
23
St. Pate.......

— Jan nary 1 to July 31.— .
1892. 1891. 1890.
•8
i
6
21,488 13,534 21,62,3
2,345 2.149 2.262
2.867 2. ’ l l 3,049
2,218 1,895 2,174
692
633
615
450
4(34
498
453
410
415
Hi
398
4*30
429
369
385
230
308
293
273
251
287
195
174
164
2 20
210
243
217
213
189
163
195
173
22 »
171
147
166
121
147
157
152
161
165
146
145
132
151
loO
149
127
125

T otal......... 3,971
Other el ties..
183

4,420 4,183
239
209

4,643 33.713 31.300 30.032 33.707
18 l 1,675 1.660 1.473 1.271

Total a ll... 4.161
Outside X.Y. 1.7SS

4.659
2.073

4,392
1,914

4.327 35.418 35.980 31.565 34,978
1.99 4 11.658 1.192 13.031 13.355

As regards business at the Stock Exchange, while
that under existing methods has decidedly less effect
than formerly in affecting the volume of bank clear­
ings, yet it undoubtedly has xom- effect, aud heuo3 it
is important to note that transactions on the Exchanga
were larger in July 1893 than iu July 1893. Tho
figure? are shown in the following table.
•Aloe* o r .TOOK* AT TUB SWW T W < OTOOK « i n m * o s .

1892.

itm .
x*ak.

Stom&er
a/

p tr.

A ct

Oil.

,Vun*5<f 1
Ot S'w r«.

Vftlwjf.
p ir

Actual.

1
1 *
$
1
073.019 03J.010.10>, 513.£85,777
I0.S83.9rtl iMI.S6l.S25 7O3.0tS.lf8
5dft.7IO.OlSn.iO.lll 040,07U D 571.38VH7
10,742.923
77.USW-* 481.001.977
tout*. 7.:syu.*VM rtrt?.7l*7.1 >> 463.il 2,87i 8.;»
Ut qr
April— n .n v m
u »r-~
lI H ...
Sdqr. &M»7,5IA
4 mm.. t
/■ If-,- M95.W7

Ml**«»J*T5l,72V«>.>4i aa.4W.WJ

>1,584859,401

soi.aTrjw> Wo.M7.8u o a i i .u ;
aj7.1a1.a30
aM.tt*.VV0; 4S1.HV07 6,171,151 STO.SIW,! M2.827.eS7
4M.I8MM
M74.777) t O i W y i ) 1 3»ijW7,«W
I t t a U V l.MMOW'G 1,011.170.251
tZ ji*. 445 4.AS;.52-I,«A5 2.<J»I.$38,553
S74J*tt.700' *3X391,47* s,«iaa7t

s57^3;.S5o' 2i9.aoa.oia

Thus the value of the share sales was 333 million dol­
lars the preseut year, against 239 million dollars last
year. But while the transactions were heavier than a
year ago, a3 would naturally be expected, the aggregate
was by no means large, roaching only 5,895,187 shares.
In May the share sales amounted to 8,972,435 shares,
in February to 10,742,925 shares aud in January to
10,583,961 shares; in fact tho aggregate for July is the
smallest, with one exception, of any month this year.
This indicates that the tremendous declines in prices
which occurred wero male on comparatively small
transactions.
The Atchison Topeka & Santa Fe ha3 this week
issued a statement of its gross and not earnings for
June and the fiscal year which must be very grati­
fying to the security holders of tho company.
For Juno there is an increase of $38,879 in
gross earnings and an increase of $75,103
in net earnings. For the twelve months the increaso
reaches no less than $2,774,758 in gross and $919,910
in net. The company also furnishes an estimate of
the fixed charges for the year, and after deducting
these the surplus for 1892-93 stands at $2,582,747,
against $1,686,838 for 1801. This relates to the Atch­
ison system proper, including the Colorado Midland in
both years. The St. Louis & San Francisco show3
$19,417 increase in gross and $33,901 decrease in net
for the month, and $611,722 increase in gross and $28,173 increase in net for tho twelve months ; the surplus
above charges is $54,791 for the fiscal year 1892-93,

THE

198

CHRONICLE.

against $36,618 for the twelve months of the previous
fiscal year.
The Chicago Milwaukee & St. Paul also has a very
good statement of net earnings for June, an increase
of $163,201 in gross being reported, with a decrease of
♦40,013 in expenses, making a gain in net for the
month of $203,214. For the twelve months to June
30 gross shows an increase of $1,691,546, expenses an
increase of $L,673,103, and net an increase of $18,443.
The San Antonio & Aransas Pass gains $41,395 in gross
and $32,778 iu net for June, and $191,840 in gross and
♦134,049 in net for the six months ending J une 30.
The Southern Pacific for Juue ha3 $52,351 increase
in gross and $37,290 decrease in net; for the six months
this system has increased its gross earnings $1,048,986
and its net $324,911. The Ohio & Mississippi reports
gross of $342,040 for June 1893, against $302,017 for
June 1892, and net of $96,687, against $42,828. The
Western Maryland reports gross of $108,191, against
♦90,804, and net of $34,610, against $30,233. The
Canadian Pacific has an increase in net for the month
of $51,177, but for the six months suffers a decrease of
♦253,214. The Norfolk & Western falls $8,566 behind
in net for the month while being $63,557 ahead
for the half-year. The Philadelphia & Reading
for June has an increase of $57,453 in gross
on the Railroad Company and an increase
of $134,318 on the Coal & Iron Company, but as
expenses in both cases increased more than the gain
n gross there is a loss in net—$87,251 for the Rail­
road Company and $20,572 for the Coal & Iron Com­
pany. The Lehigh Valley return is for May, and
this time shows a decrease in both gross aud net—
♦76,682 in the former and $77,809 in the latter. The
Mexican Central has an increase for June of $62,259
in gross but a decrease of $24,933 in net. The Rio
Grande Western lost $11,460 in gross but gained a
trifle in net. The Chicago Burlington & Northern
reports gross increased $14,241 and net diminished
♦10,738. The Norfolk & Southern has gross of $47,683 against $42,669, and net of $20,487 against
♦18,856. The Mexican International reports $27,051
increase in gross and $19,827 increase in net for June
and $208,057 increase in gross and $25,830 decrease in
net for the half-year.
The following table indicates the amount of bullion
in the principal European banks.

LVol. l v i i .

With the Sub-Treasury operations and gold imports
the result is as follows.
Week ending Aug. 4, 1898.

Into
Banks.

Out of
Banks.

Ne* Change in
Bank Holdings.

Batiks’ Interior movement, as above $3,005,000 $3,202,000 Loss $5,257,000
Sub-Treas. oper. and gold imports.. 16,‘-00,000 15,200.00o'tiain 1,000,000
Total gold and legal tenders...... $19,205,000 $23,462,000 Loss.$4,257,000

WE A T G OLD IMP ORTS ARE COSTING US.

We have witnessed this week what may be called the
culminating event of a series of transactions which,
taken as a whole, by no means exhibit the shrewdness
the nation had become famous for. The affair of this
week we refer to is the gold imports in prospect, which
are such a source of gratification because they promise
to relieve in a measure the distress the public has
been suffering and to prevent greater evil3 feared. But
it is worth a moment’s thought to consider what we are
paying for this gold. A high official told the public in
substance less than a year ago that it would cause him
no uneasiness to see 200 millions gold leave the United
States. What a contrast to that remark is the fact
that there is afloat for America to-day only about 14
million dollars, and yet the commercial classes of the
whole nation are rejoicing over its shipment, and have
good reason to do so too. As further contrast note also
how that gold has been obtained and what it has cost. It
has been obtained through failures all over the country ;
through distress for money, as a leading merchant ex­
presses it, greater than America has ever felt before ;
through such high quotations for time loans that
to the ordinary business man they have been pro­
hibitory.
We say the gold has been obtained through these in­
fluences, for these are the conditions which have de­
pressed the foreign exchange market until it has be­
come feasible to import gold. The other interesting
question is—What are we paying for this gold? We
are paying for it in securities, many of them far lower
than they have ever been sold before. We are paying
for it also in wheat at the lowest price it has ever
touched, and this in face of the fact that Europe will
want every bushel of oar surplus this year. We are
paying for it in other commodities the values of nearly
all of which are seriously depressed. These facts ap­
Aug. 3. 1893.
Aug. a, 1892.
Bank of
peal
with much force to those members of both houses
Gold.
8ilver.
Total.
Gold.
Silver.
Total.
of
Congress
who claim that silver purchases are not
1
X
4
t
X
f
England........ 27.523,107
27.528,167 26,707.777
huctful, for, as we have said, this is only the culmi­
26.707,777
France.......... 08,840,528 61,085.000 119.925.618 05.417.840 51.813.520 117,231,360
Germany*__ 3O.300.5uO 10 122,500 40,489 0ih 30,748,500 12,249.500 48.998.0otl nating act of a series of which each has pointed by
Aust.-llung’y 10.000.000 10.39O.KO 20.990.000 5,987,000 10.832.000 22,8.19,000
way of contrast or by direct action to silver purchases.
Netherlands.. 2,817.» > 7,022,'HK) 9,839,000 8,217.0* K) 7,279 - ) 10,498.000
Nat. Belgium* 2,535.333 1,267,667 3,803,*
The first was in the nature of a contrast in 1879, for
2.914 000 1,457,000
4,371.000
fipaln............. 7,910,000 0.508.000 14.424.000 7,590.000 5,019,000 12,616.000
our undeveloped country has always been in pressing
Tot. this week I f 0.598,528 02.895. 257 242.993.785 148,583.117 94.670.020 213.258.137
need of capital. So it has come about that the more
Tot. prey. w’h 162.707.431 M2 473.070 246,241.101 148,114,892
94.511.,610 242.961.532
r f .
“ UQ 8Uver) Riven in our table or coin and prominent epochs in our financial progress have been
liunmn in the Bank o f Germany anil the Bank o f Belgium la made fn m
the txi.-t eetimat w- are able to obtain: In ueither oaee Is It olalmen to intimately connected with loans obtained from richer
tll0.B6l>an^,' n“ 5Kt' " " distinction In their weekly returns,
in -rviyreporting the total gold and silver, but we believe the a iv sion nations of the money we so much wanted and which
We make in a clone approximation.
u
In 1879 the terms of these
1‘®o e lv ® th« fo re g o in g resu lts w e e k ly b y oa b le. and w h ilJ they wished to employ.
STL,81 ° f 5” '’ “ 'e vlveil at the head o f the co lu m n , th ev are tliu re®
borrowings
became
very
favorable
to us, for at that date,
turns issued n ea test to that d a te —th a t is , th e la test rep orted f i g u r e s . as
we
state
in
a
subsequent
article,
we won the world’s
The following statement, made up from returns col­
esteem
and
trust
by
an
achievement
it was thought we
lected by us, shows the week’s receipts aud shipments
could not attain, that is by establishing a gold basis
for our currency. Under the influence of that act
J ieccived b y S hip ped b y
W e e k E n d in g A u g . 4, 1893.
N et I n te r io r
Europe took our securities freely at low rates of inter­
N . T . B a n k s. N . T . B a n ks.
M ov em en t.
est—very much lower than we had ever paid before—
C u r r e n c y ............................
$ 6 ,0 2 1 ,0 0 0 L o s s $ 3 ,4 2 7 0 0 0
O o lil
411.004
Lo.vS i,SdO,uOO : and loaued us the capital to put into our railroads and
T o t a l g o l d a n d le g a l t e n d e r s . . .
$ 3 ,0 0 6 ,0 0 0 $ 4 ,2 8 2 .0 0 (1 L o s s $ 1 ,2 6 7 ,0 0 0
other industries.
hx

mm

ho

A ugust 5. 1893-1

THE CHRONICLE.1

That was the first act in the seiit-3. We got aud used
to great advantage the capital wanted, paying then only
four or five per cent for it, and Europe held onr obli­
gations. B >th parties, tee borrower and the lender,
profited by that transaction. With the next act we are
confronted by different surroundings. The currency
stability which we had at so great a sacrifice attained
and which paid us for the sacrifice many times over in
the confidence it secured at home and abroad we in a
thoughtless moment endangered. Almost before even
conservative classes realized the situation values were
on the verge of a tumble from gold to silver, that is a
loss of thiriy to fifty per cent. Of course Europe saw
this change in prospect long before we did, for the
lender is always sharper than the borrower in
scenting danger. What happened next ? Just
what we might have expected
London, Berlin
and other centres where onr securities had been
placed got them together as fast as practicable and sent
them to X* w York for sale. In this manner, as much
of the floating capital Europe had lent us a3 could be
dislodged was hurried home ; and as the general public
in America did not realize how close to the danger line
our currency had got, the foreign seller obtained from
us in some cases more and in others not much less than
he gave for his bonds and stocks, we thereby taking
them back at very much higher values than the
same securities are selling to-day. We settled with
these London, Berlin and other holders in the usual
way, first by sending merchandise so far as Europe
would take our products and the balance we paid in
gold. Of course this was a depleting process, for it is
hardly neecs.-ary to add that a nation which needs fresh
capital every year to keep its industries active cannot
be bled in the way we have disclosed without exhaus­
tion.
Now—strange though it be, it is true—the same
securities we bought back from Europe at high
prices, many of them bought not so very long ago, we
are delighted to return to London at an awful sacrifice
—that is, far below their real value if our currency
was ou a stable basis—because by means of those sales
and by means of sales of commodities at correspond­
ingly depressed prices (for they too are depressed by this
same silver scare) we arc getting a little gold shipped
to us. The facts in the foregoing are indisputable.
As to the opinions, any Congressman who takes excep­
tion to them and insists that it is not the stanility of
our currency that is in question should satisfy himself
and the people what it is that causes all the difference
between I860 and 1893 in the figure at which
Europe can be tempted to make investments here.
In 1880 we could market bonds abroad read­
ily at prices netting 4 to 5 per cent; recently
London has been buying of us good bonds, which with
the rise in market price that will occur, if we ever stop
making fictitious money, will net the purchaser from
10 to 30 per cent profit. According to our view this
difference is merely the measure of the greater risk cap­
ital is assuming now in coming here. If that is not a
correct opinion, tell us, please, what is. At all
events, it *ould seem to be the obvious duty of
each legislator in fulfilling his trust to do his beat
to restore the condition of 1880 so far at least as to
enable the country to get a little gold when wanted
without descending to the methods in vogue at
the pawnbroker’s shop. Tnat method is a mark
of national dishonesty, and is humiliating as well as
costly.

199

IS IT TIIE BALANCE OF TRADE OR THE
SILVER LAW?

We have been surprised of late at the frequent repe­
tition of the opinion that “ it is not because of the 1890'
Silver Purchase law but because the balance of trade
has been so enormously against ns that gold to such a
large amount has been exported the past year.” If
this thought was uttered only by the people of Mon­
tana, Colorado and other States, where every one is
interested in the production of silver, or if we only had
to add to those the few erratic people in the East
who still profess confidence in that meral, we should
make no reference to the suggestion. But there are
among us men of influence and of “ gumption ” who
seem to get unexpectedly interviewed now-a-days, and
who are doing harm by giving expression to this same
opiuion. To be sure in some cases the idea is stated in
a little less positive form, but even when in that shape
the inference is always left that it is not silver but
something else that is causing the dislocation in busi­
ness.
Is this a proper occasion for encouraging in any
manner or degre the continuance of the stupid currency
contrivance which has long been doing so much to im­
perii our industries ? We do not say that tln-re is no
mischievous influence helping on this harmful work
besides stiver. Probably a serious crisis never occurred
which could be charged wholly to a single force.
There is though always an obvious, dominant force, one
which, until it be checked, will prevent recovery even
if all others be stayed. The dominant force now is no
doubt the Silver Purchase law.
In that belief
the nation is almoBt of one mind ; it recognizes too
that owing to the action of that law the
country is on the verge of a most fearful catastrophe.
Already the cry of distress is heard from every part of
the land. Yet the people are not by any means
insolvent; it is not a condition of insolvency which is
causing so many banks, bankers and merohants to
suspend payment. But if the strain is prolonged, they
will all be pushed into insolvency, and a vast crowd far
larger will follow in their wake. Relief is consequently
needed and needed quickly. In fact the urgency is so
pressing that it causes deep unxiety lest the opinions of
these men, prominent in political as well as in business
circles, may tend to delay a relief measure, especially in
she Senate.
The idea urged in the interviews referred to is a bold
one, for it calls upon the country to entirely ignore the
leading events in our commercial history since 1879.
The purpose appears to have been to try the whole case
by the results of the fiscal year of 1893. We need go
back no farther than 1892 to controvert this position,
and to prove how intense has been the pressure our
silver currency has exerted, developing to a most
dangerous pitch before the present fiscal year began.
Only note the trade conditions in February to June,
1892, inclusive. With one exception the country never
had such a favorable merchandise balance as then
existed. We began February, 1892, with (including
silver) a little over 200 million dollars net standing in
our favor; on March 1 the corresponding net balance
was over 222£ million dollars; ou April 1 it was a little
under 220 millions; and so on until July 1, 1892, when
the corresponding net balance was still 220£ million
dollars. Now in face of this situation what ought to
have happened and what did happen. Evea these
interviewed individuals must admit that we ought to

200

THE CHROJNICLE.

have received large supplies of gold from Europe; but
instead of that we exported a considerable amount of
gold net during every one of those months, and the
y r o s s exports were large.
In June the gross exports of
gold were over 17 million dollars and the net was over
16£ million dollars ; even in July the gross was about
10f million dollars and the net 10£ millions.
Such an embargo laid by some occult power on the im­
ports of gold added to this compulsory outflow which
the foregoing facts disclose is explainable in no way
except on the assumption that our over-valued silver
currency was at length acting with a force suggestive
of imminent danger. The tension produced be­
came further obvious from month to month after
the fiscal year of 1892-93 opened—the markets grew
more and more seusitive, the half-year closing with
a semi-panic in Wall Street, money touching 40 per
cent and securities suffering a material decline. In
writing that week (C hronicle December 24 1892,
page 1,058) on gold exports and the uneasiness they
created we represented the situation accurately by
stating (in reply to a critic who said that there was
no cause for alarm) that “ certainly there was no need
for alarm if alarm was to be felt only when our currency
had reached the point of immediate collapse. Passen­
gers on a railroad train under full headway approaching
a broken trestle would have no cause for alarm if they
knew that the engineer would stop in time to prevent
the wreck; but not knowing that, would their fear
wait until the leap into the chasm P Just so it i3 now
with reference to our currency conditions. There is
alarm and there is cause for it ; and it only reflects on
one's intelligence to deny that there is. We are heed­
lessly rushing on in a course which if continued will in
the end * * * be destructive of all values.” That
was the condition last December, a condition which
had been developing with quickened pace all through
the calendar year of 1892. It would aid in refreshing
the memory and gaining a more vivid sense of the situ­
ation at that time if our readers would look over again
the article we have quoted from.
What has been said draws attention to the circum­
stance that the last fiscal year’s outflow of gold had be­
gun five months before that fiscal year (1892-93) opened
and while the country was still adding to its almost
phenomenal trade balance. That is to say the facts
given above prove that the gold outflow at that time
was clearly independent of and indeed in conflict with
the trade situation, and also that the movements of gold
and merchandise during the fiscal year 1892-93 are so
connected with those of 1891-92 that the former can­
not be interpreted apart from the latter. In this
relationship we have likewise an important suggestion;
for it points to the general truth that there is no
likelier way of becoming involved in error than to
isolate the imports and exports for a single twelve
months and attempt to analyze them. Especially is
the difficulty increased when the inquiry relates
to a matter so latent in its workings as a vicious
currency. Had we time it would be highly inter­
esting to review in detail the whole course of our
trade since the Bland silver bill was passed. Every
year of the history is in many ways instructive. But
there have been successive stages in the progressive in­
fluence of this insidipus agent, each of which has left
Mae evidence of its action clearly marked in our trade
ecords. An inquiry along that line will prove a
shorter method for illustrating the truth which is
called in question, that the forcing of silver into circu­

[VOL. LYIT,

lation has tended from the start to drive gold out of
the country—a movement which has been accumulating
force down to the latest date.
Let us, and in a general way, examine these
successive phases in the movement.
We may
at some future time take occasion to discuss the
subject more elaborately, for it not only has a present
interest in the United States but has a continuing in­
terest to the world at large, illustrating as it does the
persistent operation of an important economic principle
through all the years of our experiment. Our coinage
began in 1878, so that on Jan. 1, 1879, when we re­
sumed gold payments there were only 22,495,550 dol­
lars coined, and of these only $6,204,081, counting both
the dollars and certificates, were actually afloat. With
gold payments established more active business followed
and the increased activity gave employment for
additional currency. We obtained new supplies of
all sorts—national bank notes from $319,640,560
June 30, 1878, increased so as to reach on June 30,
1882, a total of $360,982,713. G-old also kept coming
in rapidly, more or less each year, the largest total
being for the fiscal year ending June 30, 1881, when
the net reached $97,466,127 ; the net aggregate for the
six years ending with June 30, 1883, was $187,671,027.
At this latter date, however, a complete change in the
movement occurred. Silver in circulation had kept at a
small figure for the first three of the six years mentioned;
but on June 30, 1883, the aggregate outstanding began
to assume larger proportions, the total of dollars and
certificates outstanding on that day ($35,341,880 in
dollars and $88,616,831 in certificates) being $123,958,711, and on June 30, 1884, the aggregate had
risen to $169,605,604, and on June 30, 1885, to $178,372,915.
What were the results of these new conditions ? Bemember that we had for several years after the estab­
lishment of gold payments been receiving gold in
large and increasing quantities. The nation had won
the confidence of the whole world by its successful
endeavor, and was reaping the fruits of its success by a
flood of new capital, giving fresh vigor to all its indus­
tries. But strangely enough, when we sowed our wheat
we sowed tares with it. Unexpectedly the tares, which
always have a vigorous .growth, had now begun to
plague us. Our.people can easily recall the distressing
industrial situation which began near the close of the
calendar year 1883 and continued through 1884 and
1885 and into 1886. The repellent action of silver on
gold was illustrated in the three year3, beginning at
the same date as the depression just referred to,
or soon after July 1, 1883. During the following
twelve months (that is, during the fiscal year of 1883-4)
instead of there being any import of gold there
was an export of that metal amounting to $18,250,640, notwithstanding the exports of merchandise
were $72,815,916 net in that fiscal year; and for
the three fiscal years 1884, 1885 and 1886,
although the merchandise exports netted the large fav­
orable balance of $281,567,036, there was a net export
of gold in the same three years of $22,245,678. We
might extend these figures and remarks by adding the
facts respecting other movements which were concur­
rent with and a part of those mentioned, and which
confirm them. But what has been presented is suffi­
cient for this occasion, as it suffices to fix attention
upon the main features of the problem from 1879 to
1885. The reader has seen (1) that up to the time silver
became troublesome we were importing gold largely;

A ugust 5, 1S93.1

THE CHRONICLE

201

and that (2) just a3 soon as silver and silver certificates preventing an import of gold, though the trade situa­
got into circulation that movement stopped and a re­ tion called for large gold imports, and forcing an ex­
verse movement began—that is instead of an import of port of that metal. One striking peculiarity which we .
gold there was an export of that metal in face of a have not mentioned is that every quarter of the calendar
large favorable merchandise balance.
year of 1892 showed a net export of gold. No wonder that
But why, it may be asked, did not silver go on exercis­ the belief grew rapidly almost from the opening month
ing thereafter this same and even a greater repellent of the year that we were speeding on a course which
influence on gold, 3inee the silver coins and certificates must culminate soon in the derangement of all values.
afloat were not decreasing, but continued to increase?
These remarks bring onr investigation down to De­
The answer is a very simple one, and we have fully cember 31, 1892. Omitting from consideration for the
3et out the facts with reference to it on previous moment the six months ending with that date, being
occasions. Iu the first place, though it is true that the first half of the fiscal year 1892-93, the only logical
this action did not develop at once as rapidly as conclusion with reference to the remainder of the
many anticipated, it i3 not true that it was sus­ period reviewed is that what is known as the Gresham
pended. Silver continued to exhibit the same kind law has all the time been in active operation ; its action
of influence, as may be gathered from the single was first manifest soon after the earliest issues of silver
fact (though we might mention others) that we under the Bland law, aud had been growing rapidly in
have had a net export of gold every year but two energy during the three years ending with June 30th,
since 1885, There are, however, several very important 1892. Accepting that conclusion, how clearly incredible
circumstances to be mentioned which acted as a check to the proposition advanced iu the interviews mentioned
the growing influence of silver. One was that the ! above becomes; for we are asked to acquiesce in the un­
administration which went into power in 1885 with- I supported assertion that the inferior metal suddenly
drew from circulation and canceled or kept in the i ceased on July 1, 1892, to have any influence on the
Treasury the surplus silver certificates that collected ; movement of gold, and that the outflow of gold since
in New York and congested the money market. Still 1that date, though the metal has been leaving us as never
another circumstance which no doubt was chiefly in­ before, has been dne to an adverse trade balance. That
strumental in deferring the threatened catastrophe may j assertion we say is simply incredible, and, even if there
be summed up in the single statement that from .June were no direct or tangible evidence within the twelve
30, 1882, to June 30, 1890 (about the time the new months of its inaccuracy, would be rejected. But for­
silver bill went into operation), the national bank tunately there is evidence which discredits the con­
notes decreased very nearly 200 million dollars. The clusion, a portion of which relating to the first six
total at the earlier date was at its marimum $300,982,* months of the year ending with December 31, 1892,
713 ; at first the decline from that date was slow, but we have already referred to.
it soon became more rapid and then dropped quite de­
As additional evidence, note first what is the true
cidedly year by year. Ia this way, and further by the amount of the trade balance for the whole fiscal year
withdrawal of small bank notes and the substitution of ; 1892-93, which is relied upon soconfidently. As itstands
small silver certificates, a broader field was made for ! in the Government record the total merchandise balance
the occupancy of silver. It is easy to see that as bank is $93,652,981 les3 $17,514,067 net silver exported; de­
notes decreased in the aggregate and all small notes were I ducting the silver, we have left tho nominal amount
withdrawn, more silver dollars and certificates could be of $76,108,914. But that is not the only deduction
absorbed by finding needed work for 3uch issues in onr I to be made. According to the latest information given
domestic commerce, just as a larger nso was found for I out by the Bureau of Statistics, it now appears that the
hall dollars before the silver dollar went into circula- j balance for 1892-93 has been largely over-stated, as the
tion and crowded them out.
imports from South American countries have been
We at length reach the final stage in this silver j entered in the record at the values of the depre­
experiment. If the reader will turn to oar article two ; ciated currency whence the imports came.
A
weeks since (pages 125, Ac.), giving a historical review ; Washington dispatch published a little more than two
of the foreign commerce of the country for the fiscal weeks ago estimated the excess in the record ou that
year ending with June 30, 1893, he will find (on page account for the year at about 50 million dollars. If on
126) two interesting compilations—one of the merchan­ further investigation that proves to be a correct estimate,
dise movement and the other of the gold and silver it leaves the year's merchandise balance against the Uni­
movement since 1881. Confining the attention for ted States for the fiscal year 1892-93 at only $26,108,914.*
this occasion to the figures for the last four years he will Even this, however, cannot represent the situation of the
notice that for the first three years the merchandise trade outstanding foreign trade balance sheet. To accept
netted each year a large balance in favor of the United that total as the amount due from America, it wonld
States. We have already referred to the last of them, be necessary to assume that the debt owing the United
1891-2, when the total favorable balance (including the States on the previous year’s merchandise trade was
net silver exports) reached the enormous amount of wholly liquidated at the end of that year. Of course
$215,731,159. Next look at the gold movement; there it no such condition is shown by the official statement.
will be seen that for every one of those three years we As we have remarked previously in this article, the
exported more gold than we received, and this was true favorable balance for 1891-92, including the net silver
even in 1892 when our trade balance was so immense. exports, was on July 1, 1892, $215,731,159. If we
All this is so recent, tho conclusion seems to be so
•Thin article w as written and alm ost all o f it In type before the a p ­
obvious, and we have gone over the situation dnriDg pearance in the S ew York rime* on Thursday m orning of this week of
those years so frequently, that there can be no nee l to the statement by Mr. Ford, Chief o f tho Bureau o f Statistics, to ills
effect that *75,000,000 of the total im ports a . stated ia the figures lo t
dwell upon the facts again. We must assume that every 1832-98
was fictitious. As wo had already use 1 tho previous estimate
man of fair intelligence outsido the silver States will in our article, we make no change, only noting hero that If the larger
figures be adopted, the argument is the same, though Ihe r e m it w ould
admit that for the years ju3t mentioned there is be
a little more striking; in cither case our conclusioa would seem
positive proof of the active work of the inferior metal be strong enough.

2<»2

THE CHRONICLE.

IVOL. LVII.

and perpetuities more endless than has before been
known in the world.” In another place we find him
speaking of “ the horrid demoralization and crime
which has so long disgraced railroad management.
With it all Mr. Reagan affects an air of fairness which
might be misleading if the effort were not so trans­
parent. Admitting that in railroad management, as
in every other department of human activity, there
have in the past been abuses, such strong aid general
characterizations involving the whole body of rail­
road officials are entirely without warrant and have
nothing to justify them, and can only defeat their
object.
Mr. Reagan refers to the “ historic” struggle in which
the State of Texas and its people are now engaged, and
as a “ prelude” to his remarks on the railroad ques­
tion he carries his hearers back to Revolutionary times.
“ The people in Colonial times,” he says, “ learnt the
art of self-government and recognized the value of
civil and religious liberty. The American Revolution
developed among them an amount of courage, en­
durance and self-denml rarely manifested by any part
of the human family. In the early years of the re­
public they taught the nations how liberty could be
maintained under simple, inexpensive self-government.
Liter they illustrated the blessings and glori-s of dem­
ocratic government founded on the will and sustained
by the wisdom and virtue of the people.” This is cer­
tainly a very patriotic sentiment, but it seems to us that
the treatment of the railroads of the State of Texas,
through Mr. Reagan, the Chairman of the S ate Board
of Railroad Commissioners, has hardly been in accord
with it. It savors neither of “ liberty” nor of “ wis­
dom and virtue” to seek to enforce schedules of rates,
as the great State of Texas has been doing, so low that
the only result to the roads can be bankruptcy, and to
adopt a repressive policy towards the roads in other
respects.
RAILROAD CAPITALIZATION AND
By far the greater portion of Mr. Reagan’s address i*
RAILROAD TRANSPORTATION
devoted to the subject of stock-watering and fictitious
CHARGES.
capitalization, and to the fact that large fortunes have
Two or three weeks ago ex-Senator Reagan, the been made through this and other objectionable prac­
Chairman of the Texas Railroad Commission, delivered tices. He gives that as one of the main reasons why
an address at San Marcos, Texas, on the Railroad Prob­ government should control and regulate races ; rail­
lem. About the same time there appeared from the roads, he argues, should not be allowed to earn a re­
•printer copies of a book entitled “ Report of Changes in turn on a fictitious or inflated capitalization. As a
Hallway Transportation Rates on Freight Traffic matter of fact, it is well knowu that the course of rates
throughout the United States, 1852 to 1893,” prepared in this country has been governed entirely by competi­
l>y CL C. McCain, the Auditor of the Iuter-Siate Com- tion, and that whether a road’s capitalization was large
•meroe Commission, for the United States Senate Com­ or small has exercised not the remotest influence on
mittee on F.nance, as a contribution to that committee’s its transportation charges. But Mr. Reagan will not
Investigation into the subject of Prices, Wages and admit that competition operates to prevent excessive
Transportation. Tnere is of course no connection be­ rates. As a rule, he says, they (the railroads) combine
tween the two circumstances noted. We join them to maintain rates. “ Sometimes we hear of rate wars
together because it is interesting and instructive between roads, but this is not, and is not intended to
to examine some of Mr. Reagan’s statements in be, competition in the interest of the people. They come
the light of the facts disclosed by the report of from the efforts of the roads to cheat one another or
Mr. McCain.
from attempts of one road to invale what is claimed to
One or two of Mr. Reagan’s suggestions are not with­ be the territory of another. And these rate wars do
out merit, out his remarks would carry more weight if more injury to the patrons of the roads engaged in
he did not display such an obvious bias against the them, by unsettling business and values, than they do
railroads and if nis criticisms of railroad management good by reducing rates.”
were expressed in temperate terms and language.
Mr. Reagan quotes very extensively from the remarks
-Alter citing figures to show the magnitude of the rail­ and writings of others. In fact the address is made
way industry, lie says : “ These corporations have no up in the main of quotations of that kind, and of
human sympathies, no conscience, and, in the language course only such quotations have been selected as con­
of another, ‘ no souls to be damned and no visible tain adverse criiicisms upon railroad management.
bodies to b- kicked." Our necessities and progress Where there is a basis for the criticisms they nearly
have thus called into existence monopolies more "vast 1all reflect conditions which no longer exist. For indeduct the atiove unfavorable balauce for 189.1-93
($26,108,914) from the favorable balance for 1891-92
($2 15,731,159), we appear to have left standing in
favor of ihe United States on the two years'" trade ac­
count $189,022,245. Making our usual allowance of
100 million dollars a year for interest, freights, &c.,
due to the otuside world in addition to the value of
the imports, the trade account for the two years would
about balance, leaving the last year’s net gold exports
•entirely uncalled for.
But perhaps some one will say in response to our
figures that there were securities sent home by Europe
for which the gold exports were required. That is
■precisely the conclusion we reach and wnat we would
assert. European capital is always seeking investment.
Its field is the world, out within that field no country
possesses the attraction for this capital that the United
States does. In a normal condition of our foreign
trade, and so long as the laws do not endanger the con­
tract, the flow of foreign capital into the United States
twill go on uninterruptedly. Hence when instead of
an inflow it is admitted that there has been in any
given year a net outflow of foreign capital, the admis­
sion is an acknowledgment of the action of some irri­
tating came like the silver law ; for the outflow shows
not only a disturbed trade but also shows that fear is
controlling capital, since it is a direction of the movea>ent out of accord with the law which prevails under
normal conditions. That conclusion is wholly reliable
even when based upon the facts of any single year; but
how satisfactory and convincing the proof becomes if a
series of years be taken, as has been done to-day, and
if it be shown, as we have shown, that during all that
time there is no accounting for the gold movements
«xcept on ihe assumption of an adverse influence expell­
ing the gold by expelling foreign capital.

A t a c s x 5, 1893,J

THE CHRONICLE,

stance, Mr. Reagan includes among his extracts even
the following time-honored tale, which for a period of
about twenty years has done duty as an argument
against American railroad management, and which
forms the ready stock in trade of every one desiring to
make a point against the roads : “ The financial freebootmg which railway managers have the power to
practice is a vast subject. Even the practice of stock­
watering and pooling 3eema to be snrpassed by the
achievement of a prominent railway adventurer who,
practically confessing the betrayal of his trust as Presi­
dent of the Erie Railway, restored $9,000,000 of the
diverted securities and then made a profit of his shame,
realizing by the advance in Erie shares more than the
value of the stocks and bonds which he had returned
to the corporation.”
The event here narrated relates to the early period of
onr railroad history, and stood exceptional even in that
period. It does not at all reflect present methods and
conditions, and would in fact be practically impossible
now. To refer to it as if it afforded a type or sample of
railroad management as it exists to-day, or even as it
existed a quarter cf a century ago. is to pervert the
facts. As concerns the Erie itself, which was the
Tictim of the special case of bad management noted,
the property to this day shows evidences of the bur­
dens and bail usage to which it wa3 subjected so many
years ago, and only last week was again put in the
hands of receivers. That notwithstanding the growth
of the road’s traffic, and the increase in population
and manufacturing and industrial activity of the
country, the property has not even yet recovered from
the effects of that early adverse period is in itself the
strongest proof that transportation charges are con­
trolled by circumstances and events entirely outside of
and having no connection with a road's capitalization.
In truth, in this part of the country it is too patent
to need demonstration that with the Erie, as with the
other trunk lines, rivalry and competition hare been the
governing factors in the course of rates.
Passing from a consideration of this particular case
to the general question of over-capitalization in its
bearing on rates, the same reasoning applies. It is
worth noting that the amount of fictitious capitaliza­
tion in our railroads is very much exaggerated. If it
be true that the aggregate of railroad capitalization
ten or fifteen years ago comprised a large amount of
water, since in the construction of new roads the stock
in a great many instances was given as a bonus, the
bonds representing the cost of the road, a statement of
that kind as applied to the present time could only
be made with important qualifications, and for three
reasons. In the first place the old methods of capital­
ization no longer exist, or at least are practiced to a
very much smaller extent, a large part of the new mileage
built in recent year3 having been built without the
creation of much if any fictitious capital. In the
second place, there have been numerous foreclosure-,
and to the extent that these have wiped out capitaliza­
tion, the amount of “ water ” in the grand total for
the country has been diminished. Most important of
all, in recent years Large sums have been spent for addi­
tions, improvements, &c., and paid for out of earnings,
the money being used in that vray instead of applied to
dividends on stocks and in some eases even to the exclu­
sion of interest payments on bonds. Where this has
been done—and it has been done very extensively—-the
value of railroad property baa been increased without
any increase in capitalization. We may re fer to the Lake

203

Shore, which furnishes perhaps an extreme case of the
kind. That road has charged absolutely nothing to.
construction or equipment account since 1883, and yet
in the interval very extensive outlays on the property
have been made, considerable additional second
track for instance having been provided (there being a
second track now nearly the entire distance) and paid for
out of earnings. If originally the capitalization of the
property was in excess of the actual cash cost of the
same, these additions, made without the creation
of any new capital, have now entirely changed the
situation.
But whether there is much or little “ water” in the
capitalization of our road3 at the present time, the fact
remains that the matter has had no bearing whatever
on the course of rates. We all of us know how power­
less the railroads have been to resist the downward
tendency of rates. So many new roads have been built,
competition has become so intense, and railroad com­
missions and State legislatures have been so relentless,
in forcing the roads to adopt lower schedules of charges,
chat it would have been futile for railroad managers to
undertake to fix rates in relation to capitalization, even if
they bad had the disposition. It seems almost superfluous
to argue this point in view of the palpable evidences on
every side of the effects of the decline in rates—the
great redaction of railroad dividends in so many cases,
and the entire suspension in others. It will be useful,
however, to give a few illustrations to show the extent
and general nature of the decline, since the inference
from Mr. Reagan's remarks is that railroad man­
agers have been keeping up rates in order to earn a re­
turn on fictitious capital. .Mr. 0 . C . McCain’s report
answers well for the purpose.
The report, we may say, is a very meritorious
work. We have frequently shown how average rates per
ton per mile have declined all over the country. But as
these averages cover both local and through traffic, and
high as well as low grade freights, and it is not possible
to determine the proportions of each, the averages are
necessarily not as conclusive as where wo have theactual
changes in the same classes of goods or the same com­
modities from and to the same points. Mr. McCain’s
report furnishes many comparisons of the latter kind.
It brings together the freight schedules for a series
of years. The report is especially useful, because no
inquiry covering so wide a range ha3 previously been
attempted. One or two sections of the country are
perhaps not as fully represented as could be desired,
but it was a very difficult task in most cases to geo the
freight schedules for the earlier dates, and doubtless
the compilation is as complete as it was possible to
make it. In any event tt furnishes a mass o f informa­
tion that cannot be obtained from any other source,
and will constitute for those interested a standard work
of reference.
As the report is purely statistical, Mr McCain of
course does not in lulge in any extended comments,
lie makes the statement, however, that “ from all o f
the forma of comparison presented, it is clearly demon­
strated that there has been a constant downward ten­
dency in freight charges in all sections of the country,”
which is in accord with common knowledge.
Every
page of the report furnishes confirmation of the state­
ment made, but we have space only for a few specialiilustmtious. H e r e , for instance, is a table showing
the rates charged since 1883 for the transportation
of wheat and com from points in Nebraska to Chi­
cago.

THE CHRONICLE.

204

freight rates charged for the transportation of wheat and
CORN FRO M

POIN TS IN N E B R A SK A N A M ED

TO

CO M PARISO N O F F R E IG H T R A T E S C H A R G E D
O F C L A SSIF IE D

C H IC A G O ,

NA M ED , V I A

F R O M .IAN. 1 , 1 8 3 3 , TO T H E P RESEN T T IM E . ________________

RO A D

100 pounds.

Rates, In cents per

d
B ATE.

A
k

*7

k

■d

d
JV
<

35
35
35
85
35
85
35
3 883—A u g . 16.. 35
A u g . UK. 35
35
A p r.

3..
J-.
SO..
16..
30..
13..

7.

37
37
87
A7
On
35

27

1890—J u n e JO.. 25
25

Ol*

1891—Jam. 15..

23

25
25
25
25
25
21
2ft

35
35
35
85
35
35
35
85
35
31
28
87
25
22
25

37
37
37
87
81
80
2S
28

m
22
.26

c

|
O

x

s
1 8 8 3 -J a n .
F ebF eb.
At>r.
1881—J a»u
1 8 8 5 - J u ly

6

§

%
X
s

•5

a:

r£
a.

fh

38
38
88
88
86
85
83
33
35
85
30
2H
27
2"
25
28
25

65

1
O

43
43
43
13
43
48
43
39
80
30
30
27k

45
45
45
45
42
43
38
30
30
at

26

87
29

23

£
K
o
Jj

30
30
so
30
30
30
30
so
30
30
30
22
23
30
20

So
17
19

d

id

d

d

§

k

k

%

4
i
3

s
c

|

s
8
3

5

32
32
32
32
80
HO
30
30
30
23
28
20
30
30
18
20

30
30
30
30
30
30
30
30
30
26
23
22
32
80
19
20

Diltav cc

5

Miles

e

s,2

e
*3

1
1

6

32
32
32
32
32
27
25
83
33
31
19
31

33
33
33
38
33
3"
28
28
30
30
25
23
22
22
20
10
20

"3 8"
40
40
40
40
37
37
33
25
25
26
23
»m
21

660
720
*38 "
38
3S
38
38
3t
25
25
25
22
23

COMPARISON OF LOCAL FREIGHT RATES FROM BUFFALO, N. Y., TO STA­
TIONS NAMED CHARGED BY THE LAKE SHORE A MICHIGAN
SOUTHERN RAILWAY DURING 1836 AND 1893.
[1886 Middle and Western States classification; 1893 official classifi­
cation.]
Classes (rates in cents per 100 wounds).

D is ­
ta n c e
3 f i ‘es
189
183
239
296
329
368
381
385
388
410
455
4 70

540

2.

F r o m B u ffa lo,
N . r . , to —
A sh ta b u la , O h i o , . . . .
C le v e la n d , O h io ........
N o r w a lk , O h i o . . . —
T o le d o . O h io ........... ..
A d ria n , « i c h .............
B u tler. I n d .................
H o m e r , M i c h ..........
C old w a te r , M ich........
K e M a ll v i ll e , I n d ...
E a ton R a p id s. M ich .
S ou th B en d , In d —
B la in w e ll, M i c h —
C h ica g o, 11!.................

5>S
30
35
35
45
45
47
47
45
47
50
50
50

cc
CO

21
22
27^,
2714
36 k
37
•m s
41
37
40k
41

41

4*>k

23
24
28
86
35
35
37
37
35
37
49
40
40

4.

3.
CD

—

lSVb
jy.n
2t
24
32
34
35 k

86*.

3fc
35k
30 k
37
37«

00
CO

CO
CO
r-t

cc
co

18
18
22
22
25
25
27
27
25
27
30
HO
30

13k
14
iv k
i7 k
23*.
25
26
m
25
26
26 k
27

13
13
36
18
19
39
2L
21
39
21
m $
22

2

22h

591
613

This exhibit speaks for itself and it is unnecessary to
make any comment upon it. Here is another table we
find in Mr. McCain's report. It furnishes a compari­
son between 1893 and 1886 of the local freight rates on
the Lake Shore & Michigan Southern Railroad Corapany.

00
C3
CO

T H E TR A N SPO R T A T IO N
STATIONS

NORTHERN

R A IL ­

<fc P A C IF IC R A I L W A Y , D U R IN G

TH O SE IN E F F E C T D U B IN'G 1 8 8 7 .

5.

CO
cp

10
io k
13
13
17
17
19

19

17
19
19

19
20

to
CO
T—
1

CO

10
10
32
12
15
15
16
16
15
16
17 k
l? k

RVi
9k
u k
iik
15
15
iflk
17
15
16k
17
17

a>
CD

100 pounds).

Classes (rates in cents per

te?

No i-e.—Between March 7 and *6,1888, all through rates on grain
were withdrawn, and rates were made on a combination ol locals.

1.

AND TEXAS

d

£

k
A

FOR

G A L V E ST O N , T E X ., TO

IN T E R N A T IO N A L <fc G R E A T

1893 W IT H

id

k

T R A F F IC F R O M

[1 88 7 j o i n t T e x a s c la ss ific a tio n ; 1 89 3 W estern cla ssifica tio n .]

Corn.

Wheat.

[V o l. L Y II.

793
811
832
881
908

From Galveston,
Tex., to —

Year

Sweetwater, Tex. -J 1881893
Lorraine, Tex,.... ] 1887
1893
1887
Big Springs, Tex.. J 1893
Odessa, Tex...__ ) 1887
1893
Pecos City, Tex... -j 1887
1893
Toyah, Tex,....,, | 1887
1893
SanMarline, Tex. | 1887
1893
Van Horn, Tex,..) 1887
1893
1887
Arispe, Tex.......) 1893

1.

2.

3.
.91
88
91
86
101

115 105
110 102
115 105
no 102
135 123
135 120
167 153
135 120
197 ISO
135 120
202 185
135 120
206 189
135 120
219 199
135 120
230 208
135 120

4.

82
76
82
76
92
no 97
131 122
no 103
156 133
no 103
160 136
no 103
163 139
no 103
173 ■ 149
no 103
182 157
no 103

A.

B.

65
06
65
66
75
79
100
79
111
79
113
79
116
79
126
79
133
79

59
57
59
57
69
72
92
72
100
72
102
72
104
72
109
72
113
72

C- D. E.
51
48
51
43
56
56
75
56
81
68
84
56
90
§6
94
56
94
56

42
38
•42
38
46
45
59
45
67
45
70
45
72
45
75
45
75
45

30
29
30
29
35
37
45
38
48
38
51
38
55
38
60
38
62
38

If Mr. Reagan should study these records of rates
instead of confining his attention so closely to events
which occurred fifteen or twenty years ago, and which
have no bearing on existing conditions, he might per­
haps be induced to modify his views and see reasons
for treating railroad interests less harshly.

Clearings by Telegraph.—Stock Exchange Clearing
House Transactions.—The subjoined statement covers the

clearings for the current week, usually given on the first page
o f the C h r o n i c l e , but which on account o f 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
observed that as compared with the corresponding week of
1892 there is a decrease in the aggregate of 13'3 per cent. So
far as the individual cities are concerned. New York exhibits
a falling off of 9'1 per cent, and Boston, Philadelphia, Chi­
cago, St. Jbouis and New Orleans also record losses. There is
a gain in Baltimore of 5-3 per cent.
W e e k E n d in g A u g u s t 5,

Returns by

T elegrap h.

1883.

IS aa.

1714 m i
$ 4 6 3 ,3 5 5 ,1 4 4
6 9 ,7 1 2 ,4 5 0
5 5 ,1 8 4 ,7 1 3
1 2 ,1 7 6 ,3 0 2
6 5 ,8 7 7 ,6 8 7
1 4 ,2 0 3 ,9 7 5
5 ,1 8 9 ,0 3 3 .

N ew Y
o
r
k
. .........
B o s t o n ..................— ......................
P h il a d e lp h ia .—
-—
...........
B a l t i m o r e . —— . . . . . . . — ...........

Per Cent.

$ 5 0 9 ,5 2 6 ,3 2 9
8 0 ,3 3 1 ,2 8 2
5 9 ,1 9 5 ,6 4 2

—9*1

It is important to remember that the decline in the
-1 3 -2
-6 * 8
■various classes of freight does not reflect the full ex­
1 1 ,5 0 7 ,4 8 7
4 5 -3
tent of the reductions which have occurred in freight C h i c a g o ..........................— . . . . .
8 3 ,5 8 7 ,0 0 0
-2 1 * 2
2
1
,5
2
5
,2
4
6
-3 4 * 0
charges. The number of items in the different classes B t . L o u i s .......... .................. ...........
-1 2 * 1
5 ,9 0 4 ,3 1 8
N e w O r l e a n s --------- - — -----------has been greatly increased, and in numerous instances
$ 6 8 5 ,6 9 9 ,3 0 4
$ 7 7 1 ,6 1 7 ,3 0 4
— 11*1
S e v e n d r ie s , 5 d a y s .. —
1 0 8 ,2 9 4 ,6 1 8
articles have been transferred from one class to another O t h e r c i t ie s , 5 d a y s — —
1 4 5 ,0 1 6 ,2 1 9
-2 5 * 3
$ 7 9 4 ,9 9 3 ,9 2 2
$ 9 6 ,8 3 3 ,5 2 3
— 13*3
T o t a l a l l c i t i e s , 5 d a y s '. . . .
bearing a much lower rate. Taking another section of
1 6 3 ,2 0 9 ,4 1 7
1 7 5 ,6 7 5 ,2 6 9
-7 1
the country, the following is a comparison between A l l c i t ie s , 1 d a y ........... ............
$ 1 ,0 9 2 ,3 0 8 ,7 9 2
* 9 5 8 ,2 0 3 ,3 3 9
-1 2 * 3
T o t a l a ll c i t i e s f o r w e e k . .
1893 and 1883 of local rates on the Milwaukee & St.
Another table, our usual monthly detailed statement o f
Paul.
transactions on the various New York Exchanges, has also been
CO M PAR ISO N OF LOCAL FREIG H T RATES C H A R G E D F O R T H E T RAN SPO R­
crowded off of the first page. The results for ihe seven months
TATIO N O P C LASSIFIED T R A F F IC BIT T H E CH ICA GO M IL W A U K E E
of the current year are, however, given below and for purposes
AN D ST. P A U L R A IL W A Y F R O M CH ICA GO , I L L ., T O ST A­
of comparison the figures for the corresponding period of
TIONS N A M E D D U R IN G Y E A R S 1 8 8 3 A N D 1 8 9 3 .
1892 are also presented.
|Governed by Western classification.]
S ev en M on th s,

■

Dis­ From Chicago,! 11. to—

Y ea r

ta n ce

Miles

309

865
417
487

i n c e n ts

3.

6.

2.

70 55 45
1893 55 45 33
1883 75 60 45
Tama, Iowa ......... j 1893
58 48 37
388R 75 GO 45
Melbourne, Iow a... | 1893 62
52 38
77 62 47
Ferry, Iowa...........j 1883
1893 00 56 39
87 70 56
Manning, Iowa... .. | 1883
j853 75 60 42
1883
75
50
Council Bluffs, l a . . j’ 1893 90
75- 00 12
Marion. I o w a ....... j

282

1.

classes (ra tes

1883

4.

-35
35
2i
35
26
37
28
40

w

30
19
30
21
32
23
35
30
25
82 28
SO 25

per 100 p o u n d s).
A.

B.

C.

32k
23
85
24
S5
26
37
28
40
30

£7k
18
30
18
30
21
32
23
85
25
82

25
15
25
15
25
17
96
19

1 8

25

D es crip tio n .

D.

20
13
20
13
20
15
20
16
30 24
20

17k

23
20

23
l? k

We can give only one - other illustration, but that
shall be. from Mr. Reagan’ s own State. The following
contrasts the rates in 1893 and 1887 from Galveston to
certain points in Texas.

P a r V a lu e
o r Q u a n tity

1893.

S ev en M on th s ,

Actual 1A v era ge
V a lu e .

|P r ic e .

P a r V alue
o r Q u a n tity .

1892.
Actual Acer’s«
V a lu e.
Pried.

52,339,799
54.6S0.2S2 13149060113j 63*0 \
3tock||^s $49940*42800
$1,620,09097, (2880733304 62*4
$342,-16,150 S26-',9S5,R12 76*7
H R . bonds.. §220.155.600 $l06,bO2.87o! 75*8
$922,6 iS 11>.*7
$1,0r2,950 $1,245,624 110*1
- ,8
Gov't bond*
$900,638 71*5
$1,902,250 $1,.51/9,086 68-8
3tatebonds. $1,259,100
$853,821j157*7
$63o,205 $1,009,3*9 15S*7
$541,545
Bankstocks
Total... $5217422850 $3,318540115* 63*6 $4,938,618590 $3,117282705 63*4
PetTm.bbls 7,4*32,000 $4,602,4-5 61 9-10e 12,144,000 '17,011.065 5754c.
Cotton..bis. 27,20 ,600 $1,17.5022740 |415*17
19,101.700 $69 i 649,435 $3616
Grain.bush. 933,229,850 $080,786,203,73^0. 1,117,139,625 $982,295,530 83 9-lOe
$4,80722S741
$5,1849315531
Total value

The transactions of the Stock Exchange Clearing-House
from July 24 down to and including Friday, August 4 ; also
the aggregates for June and July in 1893 and 1893 have been
as follows:
ST O C K E X C H A N G E C L E A R IN G H O U SE T RAN SACTIO N S.

t— Shares, both sides.—* ,------- Balances, one sid e .——> Sheets
Cleared. Total Value, Shares. Value Shares. Oash. Clear'd •
*
$
M on th $
Jan e, 1802. 16.684,000 1,041,048,200
July, 1892.
9,807,300
699,313.200
June, 1893. 17,190,700 1,036,900,000
July 1893, 19,685,700 1,100,OOO.UOO

1.598,750
1,320,100
3,682,000
l,79o,300

94,566,700 1,433,971
74,386,100
974.700
90,200,000 1,789,800
88,100,000 2,752,500

5,8S5
5.886
6,395
6,01a

THE CHRONICLE.

A c o c s t 5, 1893.]
,— Shares, both sides.—s
Cleared. Total Value,
July 24..1,355.700
»* 2 5 .. 1,068.600
« 2 6 .. 1,4=56.900
« 2 7 .. 1.594.400
41 26. .1,141,500

74.100.000
53.600.000
77.400.000
84.500.000
60,000,000

------- Balances, one side.-------- . Sheets
Shares. Value Shares. Cash. Clear'd.

$

$

114.100
35.100
117.700
149.300
123.900

4.600.000
3,700.000
5.690.000
6.900,000
5.900.000

146,200
116.300
19 4.000
279,100
250,700

334
311
333
330
326

Tot. wlr. .6,617 JLCO 349.600,000 590,600 26,700.000 936,300 1.634
Wklafityr2,293,500 165,500,000 230.400 19,650,000 222.500 1,239
341
July 31.-1,677.300 33.300.000 152.300 6.500.000 337,900
318
Aug. 1 .. 1,123,100 57.100.000 103,, 100 4.700.000 1*25.300
3.600.000
104,000
5o.000.000
74.600
314
2 .. 913.400
97.890 5,000.000 309.900
322
41 3..1,138,5 0 67.400.000
80,300 3.800.000 1*21.700
322
“
4..1,051,600 53.090.000
Tot- wk.. 5.9 53,400 316.300.000
Wkla3tyr3,216,500 207,700,000

536,500 23,600.000 993.300 1.617
391,700 25,010,000 313,600 1,345

205

REVIEW OF PRICES JiV JULY— STOCKS,
G0 VERKMENT B ONDS A ND FOREIGN
'
EXCHANGE.

The following table shows the highest and lowest
prices of railway and miscellaneous stocks at the 27. Y.
Stock Exchange during the month of July, 1S93.
R A IL R O A D AN D M ISCE LLAN EO U S STOC KS.

K a llr o a S s .
Atchison Top. A S.Fe.
Atlantic A Uaeltie___
Baltimore A O iiio___
Bos. A N.Y.Atr L .pf.
BroJg yn E levated.
BoiL Rooli. A P . . . .
Do
pref.
Bur. Cad. Kao. A Nor.
Canadian I'ui'itlc.......
Ctm nli Sositliern.......
Cautralof N. Jersey..
Central Paclttc...........
0 1e . A.O., Voc.Tr. oert.

The stocks cleared now are American Cotton Oil common,
American Sugar common, Atchison, Chicago Burlington &
Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com­
mon, Chicago & Northwestern, Chicago Rock Island & Pacific,
Delaware Lackawanna & Western, Distilling & Cattle Feed­
ing, General Electric, Louisville & Nashville, Manhattan,
Missouri Pacific, National Cordage common, New York & Chicago A Alton.--New England, New York Lake Erie & Western. Northern
Burl. & Qttluuy.
Oiiie. A East 111.........
Pacific preferred. National Lead common, Philadelphia & Otue.
Do
p ref..
Reading, Union Pacific and Western Union.
Chic. MIL A 8t Paul.
C o n d itio n * o r N a t i o n a l B a n k s in P i t t s b u r g , C i n c i n n a t i ,

C
.— Mr. Jas. II, Eckels, Comptroller of the Cur­
rency, has furnished us abstracts of the condition of the
national banks in the above-named cities at the close of busi­
ness o n Wednesday, July 12,1893. From them and from pre­
vious reports we have prepared the following, which covers the
results for July 12 and May 4, 1893, and for purposes of com­
p a r is o n the figures for last year (July 12) are given :
July It,
P IT T S B U R G .
JSG
W4..
1S&
2>
2«3,
ftwmn
Ul.USl.9b2 9SMKUOT
M14.9J0
fi.57i.iso
2.074,837 l.ftfti.Ofit |M
Z7A14
IfiojSSI
2.80liSt 2,7*075
2.9J0.8H 0*1074
i
mfl
m
2.*UL*«7
tie.oai ljkU.sU9
208.004
1^71,776
1-7.474
203*
U9 830.719
Other resources..........................................
>71.0**
and

leveland

M ry

1*33.

N o m U e r ......

J u ly 12.

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

L o a n s anU d is c o u n t s , I n e io d ’g o v e r d r a f t s . . $39.92 1.24ft
B lo c k s , b o n d s .
........................ .........................
D o e fr o m r e s e r v e M e a t s . . . . . . . . . ...............
1.71 U M
D o a fr o m b an k a a n a b a n k e rs . —
................
B a n k in g b u u se , fu r n it u r e a n d f i x t u r e s , . . . .
O th e r rea l e r t a 'e a n d m o r t g a g e s o w n e d . . .
G o ld c o in a n i c e r t ific a t e * ....................................
S liv e r c *m a n d c e r t i f i c a t e s .....................
L e g a l t e n n e r n o t e s a n d o e r t l f • o f d a p jait_.
B ills o f o t h e r b an k s ........... ............................ .
K x c h a n g e a f o r le a r m t f l ?use- . . . ..............
C u r r e n t a x p e n ^ o a n d t s x e s p a id .................
71.227
P r e m iu m s o n II. 3. b o n d s ...................................

4.1*3.414

7

274.215

17*4.210

173. i IP
301.711

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

•00,018,380 $41,083,239 $»i.?0*U75

C a p it a l s t o c k p a id tn .......................

$11,160,009 WUOO.OOO $10,930,000

LiaitUilia—

Surplus and undivided profits..

1 .5 *1.370

Individual deposits .................
Other deposits...,.
.............
T o t a l . . . . . . . ....................... ......................... .

C IN C IN N A T I.

Warn h er .................................................... .
llsJm t'A r £«**—-

dleeoccTtt*, Including overdrafts
WKMDfca* bond*, ft*...... ......
Due from reserve agents...... .
Due from bank* and banker*.......... ........
B a n k in g house, fomlfure and fixture* . ..
O t h e r real e s t a t e and
o « a « 4 ..
’>!d min and rerun*!*?**,.. ....... ...... ...
L oan * and

gHr*? c o in a n d m t U k s a t m . . . . -------- . . . . . . .

utaf tender note* and oertlfi. o f deposit-.
B ills f i f o t h e r b a n k * — ............................... .
l& x ch a n g e* f o r C l e a r l >11fr o m . . . . . . . . . . . . .
C u r r e n t e x p e n s e s a n d ?%%»+ p m d . . . . . . . . . .

Premiums on Called fitales b onds........
O t h e r r e s d u r c s w .. . . . . . . . . . . . . . . . . . . . . .

.

LifihudU*—

Capital sto«*k paid In
_____ .....
Surplus and uudl*id«>J profits,,...
urraUiKiti ‘•rit^tsniHnx...........
DtVlden-1* unpaid ........ . . . . .
Io4 rM'i «
.
Other dec-»*i’ *
...
Dae to banks and banker*....,.....
Other UahliUles.-......,.__ . . . ___
T o t a l . ........ ........................ $ ll .l f i e .i u 3

153.7*W

3 l.O 8 .0 fi*

D u « t o h a n k s a n d b a n k e r s . . . ,. ,
O t h e r iia b iim e s ......................... ...

T*dal...................... .

l.W-5,«»J 7.710,e:«
ISO^iSO S5.38i.o5l
1305*
701.733 M*M07
MUB 8fi.2a7.iM9
S10.ffiS
Ju’pIt.
Julu 12.
im *
13
u
•KMOOo**) iS7.37fi.5W
p o jH jm
f.7l*S47
tfi.Hu3.ari
i i i u XM9MQ
ts m m
373.745
417,024
58,724 kmM$
83.159
■ M$T
i.mssxn
1,172.-60
344.7V4
*40.012
8,8»7,S4I
xrnjtns
406,310
zm jm
23W O
HUM wi.>m m.n?
190.527 S55W.797 •£09.4351
IH .W .IW $1fi.u a 129 $31,391.*$7
$0,100.0*1 k^Coio
tjt J,70
Mot 9MU 22.50SJ&8
a’-.m
IftJHUll
;u,w« S.099.72S 18,767.107
739.400
LvOLl-VO 234,201
443.131

C ir c u la t io n o u t s t a n d in g ..........
D iv id e n d s u n p a id .............

317,703
7 ,151,931

5.001.793
l.S-«*,743

1 1 *4 01

$00,013,320

$04,064,233

i IB Dj ■

$41.1534,47$

.809,001
517.111

$9,101,000

S.7&4.M 1

SD.T90.HOT
711.733

721-017

5.911,774

114.178.3*9

$51,591,057

Do
p r e f..
earns. A North w e st...
Do
p ref..
OUe. A Book Island..
Ohio. St. B.MUlll. A O .
Do
p ref..
CL Cm. Chlo. A 8 t. L.
Do
pref.
Cleve, A Pittsburg ..
OoL Hook. VttLA Tol.
Do
p r e f..
Delaware A Hrnlson.
DeL Lack. A Western
Den. A Rto Grande...
Do
ptvf..........
Des Moines A Ft. D ..
•DUL 8. 8. A Atl . . . .
• D<»
pr«f..
E-Tetin. V a A Ga. Ry.
1st ptef....................
2d pref .. ............
Evau*v. A Tfirre H ..
Flint fit Perv M arq...
Great Nortb’n, prrf ..
Gr.B. W.Aot.P.tr.reo.
QUnoUi Central..........
low* Central.......... ..
Do
pref..
Kanawha A Ml..*h__
geo*. A Ora. .,p f ..
Lake Erin dc Weat’ n ..
Do
pref..
Lake£hore ........ ..
Lotuc ULusd...............
Loulsvllle fic N*a*hv..
Lout*v. J*. Alb. tk Cb..
Do
tniwtrcotn.
Manhattan euuoul___
Michigan Central___
Minn. * 8L LAr.rretn.
Pref. trim r-oelpt*
Mo. Kau. A T ex a s...
Do
p r e f .........
Mbwourt Par Ole........
Mobile A Ohio ...........
Morris A E ssex..........
N»«h. Chau. A 8t. L.
S. Y. Cent. A Hud. li.
St. Y. *;hlA A HL Louis
I>o
1 st pref.
Du
2d pref.
N. Y, A Harlmn.........
N. Y. I-aUn Erie A W.
Do
pref.
Sf.Y. A New England
N, Y. A North* ru pf.
St. Y. Ont. A W e e . . .
N. Y. Sued- A M eat...
Do
new ..
Do
p rof..
Do
pref. n ew ..
Sforfodt * W estern...
Do
p ref..
Northern Pacific.......
Do
p re f..
Ohio A WartaMppt...
On-g. By. A Nar.......
Oreg. Oh. L. A U. N ..
• Unlisted.

L ots,

t * a llr o a d s .
Peo. Decat. A E’ ville.
P oria a Ea-tern . . .
Phila. A Read...........
P. C. C. A St. L ___...
Do
p re f..
Pittsh. PL W. A Chio.
Pitts. A W. pf. tr. rec.
Ken-selaer A 8ara...
Kieh. Ter. tr. ie -ts ..
Do. pref. tr. recta.
Rome Water A Osd .
St. L. Alt. A Terre H_
Do
pref.
St. Louis Southw.......
Do
p ref..
8t. Paul Minn. A Man.
8L Paul A D uluth___
Do
p ref..
Southern Tactile C o..
Texas A Paulite.........
Tol. Ann A. A No. M.
i’oL A Ohio Central .
Do
pref.
Onion Pacific............
Onion Pae. 1). A G . .
Uttea A Black River.
IValias u........................
Do
p r e f..
Wheel. A L. Erie.........
Do
pref.
Wisconsin Cent. C o..
E xpress,
Adams.........................
American....................
On lied States............
Wells, Fargo A Co___

i f t o it.

IS, 23%
2
.'4% 73%
100
100
24
24
23
31%
75
80
45
45
12ia

63
31%
84
16%
12%
127%
09%
56
89%
46%
100
8473
135
51%
24
95
23
76
135
14%
57
102%
in

7t>
50%
104%
19
18%
134
87
59%
97
0-*%
115
105%
135
72
39
110
42%
85%
147
20%
60
121
147 Hs
10%
38 U
7
5%
14
%
8
3
135
15%
110
7%
92**
0%
19*4
li
10
16%
70%
121
9.1

8%
21
6
5
it
%
5%
2
70
15%
100
5
86
5
12
11
10
12%
53
104
90
47% (H U
9% 16
9
15
100
125%
80
9% 10%

01

19

8

13%

25

10%
20
34%

0% 142%
19
1*0
79
80%
16%

92
102
9% 14%
45
59
18
23%
219
250
7 % 17%
15
34
16% 23%
13
14%
11
13%
8
33
33
52
55
39
42
5%
7%
16% 22%

9

19%
11
3 9 7s

12%

3»%
11
61

10% 11%

Low.
4
4
12
15%
40
140
30
151
t%
12
100
32%
150
3%
6
95
27

H igh.
lo
4%
15
15%
50%
140
37%
151
3%
ls %
107%
32%
150
5%
10%
103%
34%

101
101
17% 27%

4%
6%
5
11%
40
40 '
7o
73
15% 26%
5
8%
140 143
5%
8
10
16%
10
13%
31
50%
6%
S
135
150
105
1 1 l 7S
40
54
137% 140

C o a l Ac. m i n i n g .
OoL C. A 1. Develop..
7
12%
20
Col. Fuel A Iron . . .
38
Do
ili
pref.
60
83
Col. A Hock. C. A I ..
5
3
Consolidation Coal .
27
27
Homestake M ining..
1 2 ** 1 2 %
Maryland Coai p tef..
57** 57%
NeW Cent a Coal . . .
7
7
Ontario Silver Mln'g.
9
9
Quicksilver ............
2
2
1 0 ** 16%
Tenn. Coal A I r o n ....
Do
pref.
59
61
V a r io u s .
Am. Cotton Oil Co___
21
35%
Do
p re f..
50
66 %
American Disk T«1..
48
50
-Am. Sugar Refln.Co.
6 t\
85%
*Do
n ref..
6 6 ** 82%
Amor. Tel. A C able...
73
82
•Amer. fo b . Co..........
43
65
Do
p ref..
75
83
Chicago Gas Corap'y.
39
70%
C ltlsen siia «( Bulyn.)
99% 100
Consolidated Gas Co. 108
125
Dis. A Cat. Feed. Co.
12
24%
Eiiaon El. til. C o ....
90
100
General Eleetrlo.......
30
72%
tut Cond. A ln s u l...
40
40
Laclede Gar, St. L ...
10
15%
Do
p ref..
55
57
yianhattan Beach ..
3
5
Miih Penin. Cat., pf.
85
85
Nat. Coni, new ca n *.
7% 115
Do
p ref..
32
42
•National Lead Co ..
18% 31
• Do
p re f..
4S
60
National Unread . . .
14% 2 1 %
National Starch M fg.
6
9
2*1 p re f.............
23
31
North A m ern to C o ..
4%
8%
Pacifio M all................
8 *, 18%
•Pipe LinoTrtist . . . .
55% 58%
Pail man Palace Oar. 133
163%
sliver MUllion certs..
60
75 %
T er. Pae. Land Crust
9
U. 8. Rubber Co........
25
38
65
77
Do
p -ef.
Western Union T el..
07% 83

9

1 First instalm ent paid.

M*vX
liao.
1MM3.
lATL
11
11
10
$8fi.«l0jKXI l.fe>Ufi t te t.m
.z a
SA'..J*S
*,*83.617 1.289380 3.m
# s
51I.X4 ftl 1.170
eota and .vrti*lria»t« ..........................
Utfi,9l3
List,sit?
f /**aJ tender
and
Vax.Moj
8l*ijKl$
I43.S34
sco.ioS
Current expense* and taxes paid..............
01343
04,410
11,«09 1113
ll.»X»0
11.10*
I44,lt«
70.SU
91
*3*349.329

The range of Government bonds sold at the Stock Exchange
in Jnly was as follows:

UWtM!«nek ^Md la ...................................

Alabama. Class A ___
Iron, new cons. 4 a ...

C I KVEL.
,
Ram
bar.................
JbsNtrce—
a

im j

July 12,

J u t* 13.

D o a n s a n d d is c o u n t s , i n c i u d 'c o v e r d r a f t * .

Bt (*•k *. bOQds, 4*i

$27,530,773

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

f l u e fr o m r e s e r v e m g e r d s .................... ..............
D o e fr o m b a n k * a n d o^ rik ers ................... .
B a n k in g b o u s e , fu r n it u r e a n d fix tu r e s . . . .
O t h e r re a l e s t a t e a n d m o r t g a g e s o w n e d . . . .
G o ld
U J v ereoia a n d o.-rt mc.*tr*%...............................
tK 4 * »
c e r t’ f s o f d e p o s i t .. .
B ill* o f o t h e r b a n k s ............................................. .
* « * h * n « * a f« r ' d u r i n g - H o u s e . . . ................... .

S.>»!iitl;»

8,114.129

111 .-3 7
133333d

192.313

■

Prem ium s on U. 8. hood*.
O th er resources..

Murtuu. and M ttfM M -V C O SU -----. . . . . . . . . . .
< IsroU iion •■uctAnUtna............ ......................

ItlrlS_.ni!. anp.J'1 .............................

tOO'OOtM
2.VU •»'.
» ,7 san

2*7AS

In S t.ida A l S .lK ta fts ............................................. 10AAO.OSA
O th er S«»£«>,!ts...........
f fl .u i
5 S*
° . * * . " * b a a k s ff.................................
*A7tuT4
O th e r liabilities .......................................
4, t i s . 7 ift
T 0 U 1 ............................. ............................... *34.031,94#

4.*) *38
1. 4,4-3

1S I.U I

120311
8 2 4 3 ft
1319

IS.OSO.OOO

2..1»J9.4t«
79XAI«0

7aA>3
IMtt.WH
W.OJ0
3,415.010

151 .'1 9

*8.070.000
S.:!7 .. .0

001.440

4,708
S0.WI.573
76.021
4,907.441

J.tW.SMO

*34,470,119

*34.91#,320

RAXOC OF OOVKRNMEST BOfIDS IS JULV.

4**v.
4%i 1891,
4*. 1907,
11‘* ext.
rtg..
0 2 p.e.
rev.
Opening___
97
110 %
97
111%
L ow est.......
97
108%
97
103%

4 ., 1907,
coup.
110*4 ‘
111*4
108
108

6*. e. ’98, 64, c. ’99,
rev.
rev.
• Ill
JOS
lo ii
*113
‘ 110
le d
*110
108

Higuest__
Closing
• Pr»ues b id — n o s a le s d a r in g th e m on th .
The following highest and lowest prices are from actual
sales at the New York Stock Exchange:
RAN OR OF STATE BONUS 4N JU LY.

Low. High.. |
100
100
So. Car. non-fund. 6a
95

05

l i c n n . n e w s e ttle . 3 a .

Low. H igh
2
2
67

69

The daily posted rates for 00 days and demand sterling
exchange in July are given below, it being understood
that bankers’ actual rates are usually a fraction below the
prices posted,

iTHE

206

CHRONICLE

BONDS IS8UBD IN AID OF PACIFIC RAILROADS.

B A N K E R S’ w » t i . m n EXCHAN G E (PO STE D B A T E S) F O R J U L Y , 1 8 9 3 .

60

J u ly.

days.

D e­
mand.

4 82-3.. 4 84-5
..........B.
4 82 3 4 8 4 -5 ''
........ H.
..
4 83-4 4 85-6
4 83*4-4
4 83 4 4 85-e
4 83 >s-4 4 85*4-6
..........8.
4 83 4 4 86-6
82*4-3*4 84 >S-5>4
4 84 >4-3 4 84 >4-'

1 ..
* ....
» ....
4 ..
5— .
6 ....
7 .—
8 ....
0 ___
1 0 ....
1 1 ...
1 8 ....

60

July.

day$.

1 3 ..
1 4 ..
1 5 ..
1 6 ..
1 7...

4 82^1-3
.
4 8*2H-3
.
4 82*a-3
.
..........8.
.
4 82H-3

D e­
m and.

4 84hi-5 2 5 ..
4 84 >fl-5 2 6 ..
4 84>*-6 2 7 ..
2 8 ..
4 84 V 5 2 9 ....
4 84>4-5 30
4 82H-3
. 4 84*4-5 3 1 ....
. 3 -4h-5>2
82>s-31
4 83-8, 4 85- *4 Open.
4 »5-*s High..
4 83Low..
..........8.

1 9 ..
2 0 ..
2 1 ...
2 2 ...
2 3 ...

2 4 . . . 4 8 3 >«

De­
mand

60

July.

days.

4 83->9
..
82V3>s
..
4 81 ..
VS
4 81-3
..
4 81-3

4 85 >4
84 >4-5*4
4 83>4-5
4 83*4 5
4 83*2-5

4 81-2>4 &3*4-4>9
4 84-5
4 *6
4 83*4

4 82-3
4 84
4 81

L a s t . . 4 8 1 -2 > 4 8 3 >4-4 >9

4 8 5 -1 9

SI,

DEBT STATEMENT JULY

T il ls o f Loan.

A m ou n t Outstanding.
Uegistered.

F ’ n ’ d L o a n . 1891
C o n t in u e d a t 2 p . c . Q . - M .
i s . F ’ d e d L o a n . . 1907 Q . - J .
i s , R e f ’ d ’g C e r t ifie d . q . —j .
A g g r e g a t e e x c l ’d ’g
B ’d s t o P a c . R R .

DEBT

A m ou n t
Issued.

ln t'r 't
Pay'le

Total.

Coupon.

$250,000,000 $25,364,500
740,860,0.0 480,980,400 $72,018,850
40,012.750

$25,804,600
559,605,250
07,060

1,080,879,350 512,350,900

585,087,440

72,018.850

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 SIN CE M A T U R IT Y .
J un e 3 0.
F u n d e d L o a n o f 1891. m a tu r e d S e p t e m b e r 2 ,1 8 9 1 .. $719,500 00
O ld d e b t m a tu r e d a t v a r io u s d a t e s p r io r t o J a n u ­
a r y 1 .1 8 6 1 , a n d o t h e r it e m s ot d e b t m a tu r e d a t
v a r io u s a a t e s s u b s e q u e n t t o J a n u a r y 1 ,1 8 0 1 ......... 1,374,500 20

1,373,230 20

A g g r e g a t e o f d e b t o n w h ic h in t e r e s t h a s ce a se d
•ince m a t u r it y ..........................................................................$2,094,000 20

July 31.
$708,300 00

$2,081,530 20

D E B T B E A R IN G NO IN T E R E S T
.$340,081,010 00
55,047 60

L e g a l -t e n d e r n o t e s .......................................................
O ld d e m a n d n o t e s .............................................
N a tio n a l B a n k n o t e s :
R e d e m p t io n a c c o u n t .......................................
F r a c t io n a l c u r r e n c y ................................................. .
L e s s a m o u n t e s t im a t e d a s lo s t o r d e s t r o y e d .

20,864,878 25
.

$15,276,438 62
8,375,934 OJ
0,900,504 62

A g g r e g a t e o f d e b t b e a r in g n o i n t e r e s t ................................................$374,002,010 3 '

C E R T IF IC A T E S A N D NOTES ISSU ED ON D E P O S IT S OF COIN AND
L E G A L -T E N D E R NOTES A N D P U R C H A S E S OF S IL V E R B U L L IO N .
Classification o f Certificates and N otes.

I n the
Treasury.

In
Circulation

$93,710
2,813.114
485,000
4,512,210
A g g r e g a t e o f c e r t ifi c a t e s ..............................

$■57,611/ 29
330,188.390
7,856.000
143,774,137

Am ount
Issued.
$87,704,739
333,031,504
8,849,000
14-5,286.348

$7,934,034 $509,428,550 $577,862,591

R E C A P IT U L A T IO N .
Classification o f Debt.

J uly 31,

J un e 30,

1893.

1893.

Increase or
Decrease.

$
585,037,440 00
2.1 81,530 20
374,002,046 37

$
585.037.100 00
2.094.000 20
374,300,605 87

$
I . S40 00
D . 12,530 00
D . 298,559 50

901,121,016 03

901,481,700 13

D . 310,749 50

577,302,591 00

584,553,920 00

D . 7,191,329 Ot

A g g r e g a t e o f d e b t , in c lu d in g
c e r t ific a t e s a n d n o t e s ................. 1,538.483,007 03 1,545,985,680 13

D .7,502,078 60

Debt<>n w h ic h in t. h a s c e a s e d ..
D ebt b e a r in g n o i n t e r e s t ...........
A g g r e g a t e o f in terest, a n d n o n G ert id e a te s a n d n o t e s o ffs e t b y
an e q u a l a m o u n t o l c a s h in

CA SH IN T H E T R E A S U R Y .
G old —C oin........................................................................ $103,303,020 60
B a r s .............................................................................. 83,450,8*0
S ilv e r — I h .lla r s .............................. . . ..................................
303,11 8 4 0 .
Subsidiary c o in ............................................................ 12.550.74s
B a r s .......................... ..............................................
. . . . 119.277,7*5

F a per—Legal tender n otes (old Issue). ............
Treasury n o’ es o f 1800..............................................
“ G old c e n itic a ie s .........................................................
"“ Silver ce r iid e a te s ........................................................
C u r re n c y c e r t ifi c a t e s ......................................................
N a t io n a l b a n k n o t e s .......................................................

O ther— solid!*, interest and co u p o n s paid, aw ait­
ing reim bu rsem en t....................................................
M in «o

22.28*011 »5

4,512.210 24
93.710 UO
2,843,114 00

4*V',000 00

33.840,790 02

575,046 30

c o in a n d fr a c t io n a l c u r r e n c y .......................

D en sit.- in n a i’ l b nk deposi a i ie s —g e n ’ l a c c ’t..
Dlab sing officers’ balan ces.....................................

4 8 -$ 1 8 0 ,813,902 98
UU
70
80— 494,942,945 00

S.62 0 .H 9 9 8 -

092,294 03
11,871.958 45
3,904,703 74—

A g g reg ate.

17,014.003 17
$732,041,707 17

D E M A N D L IA B IL IT IE S .

Gold cenlflcates................................................... $87,704,739 00
Silver certificates ................................................ 3 3 3 ,0 3 1.504 00
Cert flc iLeh i»l deposit act June 8, 1872..............
8 .8 4 0 ,''On 00
TresBuiy potes ol 1-wu........................................ 148.^80,318 00—$577,302,591 00
Fund for redernp. of uncurrent uat’l bank notes
O utstanding cheeks and d r a ft s ................................
3,4W,5 *6 HO
Disnuisiug officers’ balances........ ...................... 2 3 /1 5 ,8 11 68

A g e n c y accou n ts, A c ...................................................

Gold reserve.............................. $99.20^,988 00

8,421,004 03 -

N et cash ban n e r............................... 18,064,034 6 7 ... ......................

37,391,54s 00
117,RS7,507 67

A g g r e g a t e ................................ ...................................................................... ..$ 7 8 J ,0 4 i,7 o 7
...$ 1 22 ,40 2,2 90
. . . 117,887,507
D ecrea s e d u r in g t h e m o n t h
$4,574,722

Cash balance m th e Treasury Ju n e 3'*, 1*93.................................

C a sh b a la n c e In t h e T r e a s u r y J u ly 3 1 , 1893.............................

Nam e
0/ R a ilw a y .

P r in c ip a l
Outr
s t a n ii n g .

%
O en. P a c ific . 25,885.120
K an . P a c iflo . 0,303,000
(Jnl’ n P a c ific 27,230.512
C en . B r. U .P . 1.600,000
W e » »- P acU lo 1,970,560
S lo o x C. A P . 1,028,320
T o t a ls

. . . . 64,623,512

I n t . re p a id b y C om p a n ies. B a la n c e
I n te r e s t
I n te r e s t
a c cr u ed
B y T ra n s­ B y ca sh pay- o f I n ter 'si.
p a id b y
and not
p a id b y
m 'ts ; 5 p . c .
th e D . S. p o r ta t io n
y e t p a id .
n e t ea rn in g s. th e U. Pw
S erv ice.
t
129,420
31,515
130.182
8, 0O(i
9,853
8,142

>
38.983.627
9,911.133
41,299,758
2.509.808
2,850.585
2,441,290

*
6,822.982
4,158,240
13,814,088
572,497
0,307
204,850

323,116 97,996.201

25,582,024

*
$
058,283 31,502,382
5,7 5 2.8 93 '
438,410 27,047,200
6,927 1,930,384*.
2,841.218.
2,236.440
1,103,620 71,310,557

§ftonetar0 =©0 roraei;ciaI g u g ltsl* Hero*

189S.

The following is the official statement of the United
States public debt and of the cash in the Treasury at
the close of business July 31, 1893.
IN T E R E S T -B E A R IN G

[Vol. LVII,

17
38
57
18

[From our own correspondent.]

Saturday, July 22. 1893.
The rate of discount in the open market is slowly moving
up to about 1% per cent. Distrust is very general and there
are fears that gold in considerable amount may be withdrawn
for New York. A million of dollars is actually going, and it
is understood that more will follow. The supply of money is
exceptionally large. The reserve of the Bank of England
exceeds 19% millions sterling, against about 16% millions
sterling twelve months ago; and the “ other” deposits, in
which are included the bankers’ balances, exceed 35 millions
sterling. It is not easy, therefore, to raise rates.
The price of silver has fluctuated during the week around
33d. an ounce—a little over it earlier and a little under it later
in the week. The preparations of the Fiench Government to
coerce Siam are leading to a demand for Cochin China. The
fall in exchange too has stimulated exports from China, and
there is consequently a very good Chinese demand. There is
also some demand for India ; but, on the other hand, the ar­
rivals from America are large. The India Council has again
been unable to sell any of its bills or telegraphic transfers.
On Wednesday it offered for tender 40 lakhs of rupees, and
the only application was for 20,000 rupees, just one-fifth of a
lakh. The price, too, was only Is. 3%&. per rupee. The
Council accordingly made no allotments. For the moment
the Council has the proceeds of the new sterling loan of
£1,300,000 to draw upon, and it hopes that the applications on
the part of the Eastern bank3 for the new rupee loan to be
tendered for in Calcutta on the 15th of August will be large.
If so, the banks will have to buy Council drafts to pay for
the stock allotted. For the time being, however, the banks
do not find it necessary to apply for drafts. The closing of
the mints has almost stopped exports, and the demand for
remittance is so small in consequence that the banks are able
to supply it by sending out rupee paper. The troubles on
the Stock Exchange are leading to’Tifrge sales here, while
there is a very good demand for the paper in India.
In the early part of the week the Stock Exchange was very
feverish and almost panicky. On Tuesday more particularly
the despondency was great, and prices in nearly all depart­
ments fell heavily,- the greatest fall being in American rail­
road securities. Of course all kinds of alarmist rumors were
circulated to account for the depression. It was said that
one or two Anglo-American houses were in difficulties, that a
London house largely interested in Mexican, South American
and Spanish securities was also embarrassed, that new failures
in Australia were to be looked for, and that the coming fort­
nightly settlement next week would bring down several im­
portant Stock Exchange houses. On Wednesday morning
the iush to sell continued ; but about noon purcha ers came
in and an extraordinary transformation took place. The buy­
ing was for not only large houses in the city, but for Con­
tinental account likewise—French, German and Dutch—and
the improvement has since continued. As far as can be as­
certained there is very little foundation for the alarmist
rumors that had been circulated. Of course there has been a
very great depreciation iu stocks, and naturally speculators
have lost heavily, while the borrowing power even of in­
vestors is reduced. But all that is a very different thing from
wholesale insolvency such as was reported on Tuesday and on
Wednesday morning. The chief cause of the “ slump,” at all
events as far as London is coucerned, appears to have been
unwise action on the part of some of the joint-stock banks.
They are in the habit of lending largely on the Stock Ex­
change. and in consequence of the closing of the Indian mints
and the fall in silver that followed, they grew anxious. Ever
since, therefore, they have been notifying Stock Exchange
L ondon,

THE

A ugu st 5,1803.]

CHRONICLE.

borrowers that they would expect a eonsidt-i able propoiuon of
the outstanding loans to be repaid. Brokers naan ally pave
notice to th.ir clients that the accounts open must be reduced;
hence forced seilu g upon an extract dinary scale. After a
while the oaukers came to see the umvoaom of what they
had been doing aud tney ceased to put pressure upon their
customers. A= soon as they did so there wasadtcided recoyery. BestUes, the public is beginning to tbink that the
fall in American securities has now discounted the conse­
quences oi the silver crisis, whatever they may be, ahd tnat
very many of those secuiities are exceedingly cheap. The
buying of the past few days has been largely of the stocks
that are moat discrrdite i ; and, unless anything tresh should
happen to alarm investors, it is probaule that the buying will
now go on. The Con.mental Bourses were also weak on
Monday and Tuesday, but since then they have been fairly
well supported, t nere is much anxiety respecting Spain, and
the finances of Italy are grow ing worse and worse. Still, the
prevalent opinion here is that a crash in Spain will not be
allowed this year, and nobody fears the insolvency of Italy,
There is anxiety,
respecting Argentina. There is no
doubt that the country is improving economically, but the
political outioos is by no means clear. Tne political situation
in Brazil also is cau-ing some disquiet.
On Tuesday a very serious fire that has done considerable
damage, destroy iug a large block of business premises, broke
out in St. Alary Axe, a manufacturing ilia net ot the city.
The losses are estimated at between £31X1,oOo and £’400,000,
aud will fall of comae upon ihe insurance companies.
On Wednesday and Thursday a conference of the repre­
sentatives of the Federation miners met at Birmingham to
consider the demand of the employers for a reduction of 25
per cent in wages and decided! oy an immense majority to
resist, there was yesterday a fuiiie conference net ween
representatives ot the employers and employed, and unless an
agreement is arrived at next week there will be a lockout of
about a quarter of a million of men. Public opinion is
decidedly unlav. ruble to the employers, for everyone recog­
nizes tnat iaj demand at once a r. duction of 23 per cent is to
provoke a quai rel. that a reduction, and a considerable one,
is necessary, lew douot, but every one thinks that it ought to
have oeen made oy steps. Some of the employers in conse­
quence have been writing to the papers slating that the de­
mand is misunderstood. Since 1888 there has been a rise in
miners' wages of auouc 45 per cent by four advances of 10 per
cent each, and the explanation now offered is that the em­
ployers are asking Only for a 25 per cent reduction off this
rise. Tne minirs, however, Contend that that is not the de­
mand, but a reduction of 25 per cent upon the full wages
earned. It is sill po-siole that an explanation between the
two parties may open the way for an atuicaole settlement.
The uividends to far declared by our railway Companies are
very satisfactory, showing that the home trade in spite of bo
many crisis aoioad and distrust here has been wonderfully
well mainland! Tins week the North Eastern declar. s a
dividend of 1% per ceut per annum, against 3 per cent twelve
months ag >. fue North East-rn depends largely upon tee
iron and eoul mdusuries in the North if England, and it will
be recollected that for nearly three mouths it) toe that bulf of
lart year there was a great strike iti Domnin, partly zing the
Noith o» England trade the London & Souh W-siern
announces a dividend of 4% p*-r cent, d»mpa>iug with i ’ £ per
per cent twelv- months ago. Toe tmproveineni i» largely due
to the development of ihe trade of fiourhatnp on. Ihe Great
Eastern man mure percent per annum, me same as twelve
months ago. Ihe il.-ir p loan Bid way Company announces
auivirjeud of 81, per c-n per annum m the radwtv spies
and 2uj p- r ceut • toe surplus land stock, both oemg at the
same r-»te as t «elv» m .ntus ago. The Lo aoo Chatham A
Dover Company pays £1 4s. per Cent, ag .lust £1 lia. twelve
mou us ago.
Tne •••owing return snows tne position ot the Ban* of
England be liana rate ot discount, the price of console, Ac,
compared »ith the last three years:
I jO ,

J u ly 19.
X
C ir c u la t io n
................
P u e U c I m M i t t i .....................
A 099 23I
O tB er
. . . . . . . . . . . 3A. 37. *31
Q o r e r n m a m e w t u lt lm ................. tXk70?„M*4
O t h e r * * c u n u « s .. . . . . . . . . . . . . 2 5 , i » . < * u
19,479 d*&
S flM T T f
....................
&Oi l a n d b u llio n
......................... * 9 M %
47
P r o p a s s e ts u> lU frtH u** p e r c t .

iw *
J\4% 30.
k
2# 4*6. 90
4 .7 S e.i0 4
S 4 2 3 .« d « i
19 441 021

16
W .1H A8 1
4ft 11-16
2
B tn i r»w
..-e ro e n n u
18
0
1-14
96 13-16
C o n s o l* SH p e r e e m
. .................
C l e a n e g H o u s e r e t u r n s .. . . . . . . . I3!«T SIM »0 131,573.000

t* u t.
July, l l
k
V 190 770

1800.
J u ly iS.

207

The following snows the imports of cereal produce into the
United Kingdom during the first forty-six weeks of the
season compared with previous seasons :
IM P O R T S .

1892-93.
1891-92
Im portsof w heat.owt.57,206,491 61,705,809
B a r e s _____________ 15,062,650 15 .4 3 ',3 9 6
Oats............................ 12,315,539 13,216.343
Pea* ..........................
1,984.303
2,491,193
Beaus.........................
8,597,027
3,72 ',130
Ind lio co rn ............... 28,o»0.520 26,256,514
F lo u r .......................... 18.293,679 17,691,166

1890-91
1889-90
51,492,867 50.412,740
15,496,714 13 i 32.441
15,496.714
14 063,577 11,04 .373
1,817.223
1,627.845
2,755.031
3,044,978
20.696,890 3ti.s6n,S39
14,2 6,271 15.015,270

Su ipliee available for consumption (exclusive of atocki- on
September 1):
1892-93.
1891-92.
1890-91.
1889-90.

W h e a t................ 0Wt.5 7 .2o6 .49 l 61.705.809 51.492.367 50,412,740
14,206,271 15.015,276
Im portsof flour.........14 .293.1 79 17,691,U 6
Sales if liom e-grow n .24.215,783 2»,769.S95 3 2 .U l,s 70 42,9o9,000
Total.................... 99,715.958 108,166.870
1892-93.
1891-92.
Aver, price wheat week.26». 8d
29s. Id.
Avvraee price, season..26a. 9d.
33s. lOd.

98.141.103 108.337.016
1890-91.
1889-90.
38s. 3a.
33s lO d.
34e. lOd.
30s. 7d .

The following shows the quantities of wheat, flour aid
maize afloat to the United Kingdom:
Tn ii iettk .
Wheat.................qrs. 3,085.000
Flour equal to qrs.
306.000
Maize..................qrs.
542,000

Lost vrrek.
3,708.000
300,000
538,000

1892.
1,757,500
296.000
633.000

1891
2,060,000
221,000
410.00®

K u gliah F in a n c ia l v ia rk e ta — P er C a b le.

The daily closing quotations for securities, Ac., at London
are reported by cable as follows for the week ending Aug. 4 :
Hat.

L on d on .

8 lv«r. per oz .................d 321,
G a*ol*.new,2 \ porct*. 9 " \
to tor«JOOUD!........ 98 V
F *d»rente# On Pariaifr. 98 15
U. 4. 4# o f 1007 ............
Ca i*d!»n Paolllo............ 7u \
i' le. MU. * Bt. P a u l.... 53
I ta o iz O a tr a i............... 94
l.Ute MH.ire .................... 116
I, laUvllle .t VM hvfll®.. 53
MiZlewu Ceuirui 4a------ •17
S. t. Central Jt Hutlacm. ltU *.
X. f . Lake Erl* <4 w «*t'n 1 “a
lo
2d oon#..........
62
N irfolz at Waat^rti.pref. 2uTe
■V -thorn Paolflo p ref... 21 Hi
P ao*ylv»a la.................. c m
P iladldphia A Iteafiing.
t\
V Uon Pacttle................... 10 ^
IV .oaah p lo t................... 13>«

Mon..

Tuet.

321,
3 2 llIe
901,
9 - iq ,
98»t«
98 * .
98*3X1, 98-15
TOM
5li",
92
114
52%
10 9.
»»*
0\
62

21. >9
21
51
6%
17®.
12 *

71

Wea.

T .%
54
94m
m %
54%
47V
102 V
11%
6 5 H»
2 ■%
2 %
50%
0%
1 ,%
l 0lH

53*,
93 V
11 >,
59"a
47 V
102
10 %
64
21
21V
50V
63a
18%
13

Tftur*.

Fry.

33
32V
33%
9.01,
98*111 98%
389|« 9«*,a
8 > 15 98-72% 98 62%
73%
5 5 ;k
95%
118
57
4.9%
103%
1 %
07V
2338
24
■)1 %
7%
2 1 «S
14%

72%
5 iV
04in
117
55%
18%
102*4
u%
06%
2 1 V<
V3%
51%
7%
20%
14%

(Commercial and H ltsccU aueous JietuB
N a t io n a l B a n k s . — T he follow ing show s banks recently
o r g a n iz e , e tc .:
R B C K JT T L T O R G A N I Z E D .

1,924—Tb# Citizens* National Bank of Itasca. Texas. Capital. $60,000. George W. Biatoe. President. B. C. Spooner. Cashier.
CORPORATE

1

K X » T E > C E O F J»ATX O J*AL B A S K S

K X T K M fK D

2,127--The State National Bank of Memphis, Tenn , until July 26,
1010.
2,126—The First National Bank of Lincoln, Neb., until Julj 29,1913.
IN M Il T E S T .

3,056—-The Consolidated National Bat k of Ban Diego. C al. is insol­
vent. atxi wa*. on July 24, placed in the hands of Andrew J.
O • onor. rceelfer.
4,075—The Fit ai National Bank of Cedirtown, 6 a , Is Insolvent, and
was. on Juty 26. placed in the hands o f James K. Barber,
receiver.
4,102—'The Btatw Nationti Bank o f Knoxville. T eon., Is insolvent, and
was on Inly 29, pi*oed tn the hands o f Ch rlcs V Calcs, Jr.,
r tre ite r
4,434—The Merchants' National Bank o f Great Falls Is Insolvent, and
wAH.on July 29, placed in the hands o f Louis G. Pbelps, re­
ceiver.
II* L I Q U I D A T I O N .

1,184—The
National Bank. O rooo, Me., has gone into voluntary
liquidation by resolution Of its stockholders dated June 30,
lo
off**-1 « ly 20, **■*».
2,424—The Gate c ity National Bank o f Atlanta, G » . line gone into
voluntary liquidation by resolution o f its stockh riders dated
July 25, load.
THE

F O L L O W I 'G
N A T I O N A L H A S K A H A V E H E R * A T r i I O H I /.K [> B T
' M l T t O a K K O F T H E * U ft t t » .* < ? ? T O R E B U K E U C S lN K o S .

C

THE

4.184 The Hrat National Bank o f C lK % T ex
4,494—The Merchants* National Bank o f Kansan City. Mo.
C h a n g e s in L e g a l T e n d e r s a n d N a t i o n a l B a n k N o t e s t o

AUG* 1.— ihe Comptroller of the Currenc* has furnished
ua the following, showing the amount* of national bank
note* July 1. together with the amounts outstanding August
i, and the tucrea^e or decrease during the mouth ; a'no the
changes io legal tenders held for the redemption of bank
<<0tes op to August 1 :
bt

foiv m a f Rank Yog#
outetaudlng July l, 1893............ .
\monni iMued during Julv ..........................
%mount retired during J u ly ...........................
ubo ' iui

#5,435,7 0
3 9 4 .185

#178.61 4,535
5,041,385

3 4 .0 U .0 i5

4 j* s ,* id
2 7.:*M ^ 1?
12.1-M.OON
1 4 5 0 3 357
2v m# .. v4 8
*3 r i i . 0 . 3
12 2 2 093
it .w
to j& i.u o
27 a * 058
38 13-16
43
4
t 4
a# 5 -ifl
«S IA 1 4
l«3 3 3 l.< k A Ittjt& IJM O

Amount outetanding August 1, 1893*.......
Legal Tenfirr Sniea—
' mount on deposit to redeem national bank
note* Jnl t, (8H3......................................... !
amount depoalted during July
.......... !
\ mount relsnusdA > ank note* retire 11n July'

#183,655,920

#113.3«5
3 2 2o4;

42 >.713.436
278,809

«mount- on deposit p * •>‘<ieem national bank
I *20,434,627
note# Angust 1, 1893..........
......... .
‘ Circulation of national gold banks, not included above, $99,227,

THE

208

CHRONICLE.

According to the above the amount of legal tenders on
deposit August 1 with the Treasurer of the United States to
redeem national bank notes was $20,434,627. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks re­
ducing or retiring their circulation, was as follows on the first
May 1.

June 1.

July 1.

August 1.

$
1,119.955
4,879,175

$
1,076,259
4,879,723

$
1,039,359
4,828,071

$
1,018,528
4,760,905

A pril 1.

DepoeiU by—

$
1.010.720
5,032,146

InsoIV t bks..
Liquid's bks..
R ea’o’g undr.
act o f '74..* 16,090,440 15,623,849 15,030,497 14.846,006 14,655,194
Total.......... 22.133.306 21,622,979 21,036.469 20,713,436 20,434,627

[V o l . LTV IL

EXPORTS AND IMPORTS OF SPECIE AT NEW rO R K .

Export*.

Gold.

1leek.
Great B ritain..........
France.......................
Germany...................
West Indies..............
M ex ico.................... .
South A m erica........
A ll other countries.

*16,639,747
17,990,102
25,453,100
6,437.868
15,468
1,132,670
1,013,020

T otal 1893.........
Total 1892.........
Total 1891.........

3,974,500
31,572

onds

eld b y

a t io n a l

anks

JJ. S. Bonds Held July 3 1,1893, to Secure—
Description o f Bonds.

Public Deposits
in Banks.

B ank
Circulation.

Total Held.

*1,191,000
1,588,000
12,118,000

$12,756,000
22,308,850
147,553,000

$13,947,000
23,896,850
159,971,000

$15,197,000

$182,617,850

$197,814 850

T otal...........................

Through the
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 1893 and 1892.
G o v e r n m e n t R e v e n u e a n d E x p e n d i t u r e s .—

( 0 0 0 s o m it t e d ).

r e c e ip t s

1803.

1892.

N.Bk.
Cut- InUr’t Red'p. mtc'i lotal.
toms. Rev’u* Fund. S’rces

Cut- Inter'l N.Bk.
Red'p. Misc'l Total.
toms. Rev'xu Furul. S'rces

t
21,102
16,501
19,665
15,90S
15,425
14,964
14.084

Jan......
F eb....
March..
April...
May....
June...
July-..

t

12,053
11,268
12,931
11,720
13,212
14,003
14,689

*
*
207 1,848
312 2,407
322 1,520
181[ 1,98*
43 2.292
207 1,750
120 1,533

%
35.210
30,488
34,438
29,601
30,972
30.984
31.020

*
17,391
10,788
10,415
13.831
12.092
14,018
17,205

*
11,911
12,189
12,134
12,422
13,478
14,780
14.866

5
159
57
212
417
270
201
257

t

f

2,129
1,727
1,288
2,404
3,042
1,500
2,243

31,590
30,756
30,049
29,074
29,482
31,219
34,571

7 mos. 118,249 89,885 1,455113,380 222,919 108,935 91,780 1,033 14,393 210,741
DISBURSEMENTS (0008 Omitted).
1803.
Ordinary.

PenS iO T lS .
1

»

Jan.....
Feb —
March..
April...
M ay....
June...
July....

18,209
17,049
17,114
15,271
15,560
17,102
17,791

1892.

N.Bk.
In- Red'p. Total.
terest. Fund.
*

*

13,038 7,104
13,495 3 to
13,840 6?0
12,872 5,096
14,260 8S3
11,411
262
14.75S 7.127

902
811
740
532
062
491
418

*
30.253
31,077
32,373
33,771
30,874
29,260
40,004

Ordi- PenIn- N.Bk.
Red'p. lotal.
nary. sioiis. terest Fund.
t

$

*

10,980
13,637
14,557
15,539
14,058
15,513
15,051

10,522
11,562
13,414
12,705
12,903
12,122
14,235

0,673
704
248
1,760
4,073
288
7,048

*

»

1,488
1,519
1,200
1,038
1,023
1,018
915

35,003
27,482
29,425
81,098
32,602
28,941
37,249

7 mos. 118.006 *8.6*8 20.978 4.556 237,808 105,985 87.468 20,860 8,207 222,520
I
E
W
.— The following are
the imports at New York for the week ending for dry goods
July 27 and for the week ending for general merchandise
July 28; also totals since the beginning of the first week in
January.
m ports a n d

xports fo r the

eek

Week.

1890.

1891.

Dry Goods.......
Gen’l mer’dise.

$3,572,611
8,587,994

T ota l..........
Since Jan. 1.
Dry Goods.......
Gen’l mer’dise.

1892.
$3,309,051
8,227,033

$12,160,605

$8,940,589

$11,536,084

$9,549,731

$92,937,733
225,316,329

$70,161,265
239,575,938

$71,967,239
257,826,652

$84,216,277
284,633,221

$2,689,594
6,860,137

The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending August 1 and from January 1 to date:
EXPORTS FROM SEW YORK FOE THE WEEK.

tbe

1891.

1892.

1893.

*5,813,745
188,571,540

$5,979,446
196,436,882

$5,957,393
225,324,872

$7,425,389
200,997,898

xuiyw u» UL s p e c i e

at the port of New York for the week ending July 29 and since
Januajji 1, 1893, and for the corresponding periods in 1892
...

.....

„

3,588
950

Imports.
Week.

Since Jan. 1.

$898,040 $17,865,166
132.198
187,300
420,223
560
660
55,413
3,240
35,594

Total 1893.
Total 1892.
Total 1891.

$901,840 $18,696,554
374,325 12,710,115
55,000
8,136,218

Since Jan. 1.

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

*2,670
787,440
34,019
746,616
543,456
84,885

18,799
4,499

$2,199,086
1,285,874
1,249,370

Of the above imports for the week in 1893 $139,650 were
American gold coin. Of the exports during the same time
$285 were American silver coin.
City Hail road Securities—Brokers’ (Quotations,
Atlantic A v .,B ’klyn.St’k.........
Gen. M.,5s, 1909...A&O 100
Bl’eker St. & Fai. F .-S tk . 25
1st mort., 7s., 1900-.J&J......
Br’dway <fc 7tnAv.—St’k...........
a-st mort., 5s, 1904 .J&D 100
2d mort., 5s, 1914...J&J 100
B’way 1st, 5s, gu...... ’24 100
2nd 5s, int. as rent., ’05. 90
Brooklyn City—NewStock 161
B’klyn crosst’n 5 s., 1908 100
Bkn.C’y&N’u5s,1938.J&J 100
Central Crosstown—St’k.. 140
1st mort., 6s,1922.M&N 115
Cent. Pk.N.& E.Riv.—Stk.
Consols. 7s, 1902 ...J&D 110
Dry Dk.2£.B.& Bat’y—Stk.
l i t mort., 7s, 1893..J&D

30
108
185

163
105
120
150

Dry Dock E. B’y & B.—
S crip ........... . . . . ____
Eighth A v.—Stock........
Eighth A v.—Scrip, 6s, 1914
42a & Gr’nd St. F’ry—Stk.
1st mort., 7s, 1893. A&O
42d St. Manh.& St.N.Ave.
1st mort., 6s, 1910-M&S
2d M„ income,6s....J& J
Houst.W. St. & P. F’y —Stk.
1st mort., 7s, 1894..J&J
Ninth A ve..........................
Se -end Ave.—Stock........ .
1st mort., 5s, 1909.M&N
8ixth Ave.—S t o c k .........
Third Ave..........................
1st M., 5s, 1937...... J&J
Twenty-third St.—Stock..

250
105
300
102

98

70
112
63
200 ,
104 .
126 130
100 105
100 103
... 215
....1 5 5
111........
.... 300
I____

N. I. and Brooklyn Gas Securities—Brokers’ Quotations,
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 .

Brooklyn Gas-Light........ 110
Jersey City & Hoboken.. 180
Metropolitan—Bonds...... 1C5
Mutual (N. Y .).................
Nassau (Brooklyn)..........
8crip...............................
People’s (B rooklyn!......
Metropolican(Brooklyn).

135
140
100
88
120

Williamsburg....... .
Bonds, 6s............
Fulton Municipal..
Bonds, 0s............
Equitable..............
Bonds. 8s ... ......
Standard pref.......
Do
com........

B id .

106
124
105

A sk

125
10*
127
1*60~
76
35

Auction Sales—Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction.
By Messrs. R. V. Harnett & Co.:
7 overdue and protested prom issory notes made by the Mass.
& South. Constr. Co. for $43,579 01 and interest, w ith collat­
eral consisting of 78 Charleston Cm. & Chic. RR. 1st 5s,
Jan., 1891, coup, attached. Certf. of denosit subject to as­
sessment of 15 per cen t....................................................................$2,500

By Messrs. Adrian H. Muller & Son :

Bonds.
Shares.
$1,000 Citizens’ Inc. Co. 7s,
550 Bridgeport Development
sc
r
ip
.....
.................................
70
Co., Bridgeport, A la ___
11
$5,000 L. I. Citv & N ewtown
392 Lincoln Iron Works, New
RR. 1st 6s, J& J....................
10
Jersey...................... $5,000 lot
2 4 6 ^ third Ave. RR. C o .171-174^ $87,800 Lebanon Springs RR.
1st 7s.............................. $1,000 lo t
10 Central Park N. & E.
R iver RR. Co.................. 120
200 Second Ave. R R . Co.......
96

^ au ktu g and ffitrancial.
TH E

Capital.

M E R C A N T IL E N A T IO N A L
OF T H E C I T Y OF N E W Y O R K ,
N o. 1 9 1 B r o a d w a y .

-

B A N K

$1,000,000 |S u r p l u s Fund, - $1,000,000

WILLIAM P. 8T. JOHN. President. |FREDERICK B. 8CHENCK, 0**hUr
JAMES Y LOTT, Assistant Cashier.

ACCOUNTS SOLICITED.
S p e n c e r

T

&

r a s k

C o .,

BANKERS,

10 Wall St., New,York.
Albany.

16 Congress St., Bostoa
Providence,

Membera'otlNew York and Boston 8tock Exchange*

1890.

Total 30 weeks. $194,415,285 $202,416,328 $231,282,270 $208,423,287
----------

$1,157,296
4,129,600
1,615,185
3,227,128
42,570
760,959
61,443

576,793
942,828

1893.

$2,707,515
6,233,074

Total 30 weeks. $316,254,062 $309,737,203 $329,793,891 $368,849,498

F or
w eek..
F rev. reported.

Since Jan. 1 ,

*228,726

$68,681,975 $1,752,885 $10,994,181
49,780,363;
18,302, 6,370.405
74,766,776
29,840] 2,507,783

Great Britain...........
F ra n ce......................
Germ any...................
West Indies..............
M ex ico......................
South A m erica.........
All other countries.

foreign imports a t n e w t o r k .

For Week.

Week.

Exports.

Silver.

* A ct ot Jane 2 0,1874, and July 12 ,188 2.

B
H
N
B
.— The following interest­
ing statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
depositaries on July 31.

Imports.

Since Jan. 1.

__________ INVESTMENT SECURITIES.___________
S a m u e l

D .

D a v is

&

C o .,

BANKERS AND D E ALERS IN INVESTMENT SECURITIES.

NO. 44 W A L L ST., N E W YORK.
SAMUEL D . DAVTS,

Member N Y . Stock E x hange.

CHAS, B . V A N NOSTRAND,

|

THE

A ugu st 5, 1893.J

i 'h e

^ B an k ers'

CHRONICLE.

in London for a large amount of gold to be sent this way,,
and with the advance to 3 per cent in the Bank of England
rate, cable transfers and demand bills became much firmer on
Thursday. To-day the market was easier.
Actual rates of exchange are : Bankers’ sixty days sterling
4 80%@4 80%; demand, 4 83?4'@4 84; cables, 4 84%@4 85.
Posted rates of leading bankers are as follows:

(g a z e tte .

D IT ID B N D S i
A'ami o f Company.

P er
Cent .

W hen
Payable.

B o o k s C losed.
(D a y s in clu siv e.)

Aug. 4.

R a ilr o a d s .

Chicago A A lton com . (quar.).
"
“
prel. (q u a r.)...
Banka.
Manhattan Com pany...................
F ir e I n s u r a n c e .
P eter C oop er..................................
m is c e lla n e o u s .
A m . Soda Fount. 1st p f. (quar.).
••
2d p ref. (quar.)
“
“
com . (q a a r.)...
Erie Teleg. <k Telep. (q .a t).........

209

2

] Sept.

1 ---------- t o --------------

3%

Aug.

5

Aug.

10 Aug.

1 ----------- t o -----------

1% )
2 V Aug.
2% )
11
Aug.

14 Aug. 6 to Aug. 13

1 to A ug.

9

4 ----------- to -----------

W A L L STR E E T, F R ID A Y , AU GU ST 4 , 1 S 9 3 -3 P. M.

Prime bankers’ sterling bills on L ondon..
Prime co m m e rcia l............ .......................
Documentary command i l ............................
Paris bankers ilrauesi..................................
Amsterdam (guilders) bankers...................
Fnuiklort or Bremen(reieumarks)b'akers

4
4
4
5

Sixty Days.

Demand.

81 ® 4 81% 4
79%a>4 79%
7 9 % a 4 79%!
2 5 % 9 6 243s 5
39%®395s |
9 3 % 9 9 3 7a I

8 i% ® 4 85
............
...........
22% ® 5 217a
3 9 % a39 %
94% Q94%

The following were the rates of domestic exchange on M e w
York at the under-mentioned cities to-day: Savannah, buying
% discount, selling par @ premium ; Charleston, buying
par, selling %premium; New Orleans, bank, $1 00 premium;
commercial, 50c. discount; Chicago, $12 50 per $1,000 dis­
count.
United States Bonds.—Dealings in these bonds have still
been quite active at lower prices, but to-day there was more
firmness and the 4s sold better, the last sale being §100,000
registered at 1091!. Quotations are as follows:

The Money Market and Financial Situation.—The most
important feature this week has been the large amount of
gold shipped from London to the United States. Including
the engagements for to-morrow the total is estimated to be
about $11,000,000, though it is not possible to figure it exactly.
The Bank of England rate has been advanced, but only to
In terest J u ly
J u ly
A u g. A u g . A ug. Aug.
3 per cent, and it does not appear that any obstacle has been
P eriod s i 29.
31.
3.
4.
thrown in the way of gold exports to this country'; on the 2s , ................. ..r e g . Q.-MehJ* 96 * 95% * 95 * 95 * 95 ' 95 •
1 9 0 7 ... .........reg. a - J a n . *103% 103% 108
108
contrary they seem quite willing to help us in our monetary 4s, 1907............coup.
103
109%
103
108
Q .-J a n .! 109
108
108% 109%
stress, and the possibility of quick support in any emergency 4».
68. our’cj-,’ 95-----reg. J. A J. *102 •102 *102 *102 •102
'102
our’ey,’96___ reg. J. A J. 1 0 5
*104 * 104 *104 •104
■104
by the interchange of gold from one market to the other, 6s,
6s, our’oy,’9 7 ___ reg. J. A J. *107 •106 ‘ 107 •106 •106
106
when both are on a permanent gold basis, is suggestive of 6s,
our'oy,’ 9S— reg. J. A J. *109
103 *i08 *108 •103 i’ 108
•110 •no • n o *110 •110
6e, ou r'oy,'99— reg. J. A J.i-111
greater mutual strength in the future.
to e p rice bid at cue m orning b oa rd : no t a n was made
The situation i3 much improved by the diminishing number •This!*
government
Purchases of Silrer.—The following shows
of bank failures throughout the country lately, and the Stock the amount of silver
purchased by the Government.
Exchange markets have shown a decided recovery from the
extreme depression of last week. The foreign buying has
Ounces
Ounces
Price paid.
offered. purchased.
been an element of strength, not only in the amount of stocks
and bonds taken bat also in the moral support given us here July 3 to July 26 inclusive. 5,552,000 1,754,500 $0-6960 9 $0-7345
2 8 ..........
250,000
130.000 $0-7030 9 ............
by Uiis evidence that the Englishmen believe our stiver pur­ July
••
3 1 ...............................
318.000
710.000 $0-7030 a ............
chase law must of necessity be repealed. They reason that we Aug,
2 ................................ 149,000
149.000 $0-7090 9
...
312,000
160.000,$0-7200 9 ............
are a common-sense, money-making people, and that wo can­ Aug. 4 ..........
not stultify oursclvee and pick our own pockets any longer by- T o t a l................................ 6.581,000 2.429.500'$0-696O 9 $0-7345
* Additional amount purchased Friday, July 21; total purchases on
leaving this law on our statute books.
All eyes at home and abroad will now be turned towards July 2 1 ,3 4 3 ,0 0 0 ounces.
Coins.—Following are current quotations in gold for coins.
Washington to keep watch of the Congressional proceedings S overeign
. .. . $ 4 85 » M 90 Plnesllver bars.. — 72 t» — 72%
from day to day, and no disappointment should be felt if the Napoleons s...
. . . ___ 3 85 O 3 90 Five fr a a o s .. . . . . . — 90 0 — 95
Relotunarks. 4 73 9 4 80 M exican d o lla r s .. — 59 O — 61
desired repeal is not secured immediately. The whole subject X25 xPesetas...........
4 75 O 4 83 : Do n n com m erc'l------- O — —
has got to be thoroughly ventilated and discussed before a re­ Span.
Doubloons.15 55 9 1 5 75 Peruvian s o l s ..... — 50 a - 54
Mex.
Doubloons.
15
55 0 1 5 75 English s ilv e r ___ 4 8<J a 4 90
peal of the obnoxious law is likely to be be obtained.
Fine gold b a rs... par © % prem-IU.S. trade dollars — 60 a — —
The open market ratea for call loans during the week on State and Itailroad Bonds.—Sales of State bonds have
stock and bond collaterals have ranged from 2 to 51 percent, included
$8,000 of Tenn. settlt. %at Cl(3 65.
the average being 9 per cent. To-day rates on call were 2% The sales
of railroad bonds have been much larger this
with a decided improvement in prices beginning on
to 5 per cent. Commercial piper very difficult to negotiate; week,
Wednesday, This is the first time that there has
nominal quotations are 8 to 12 p. c. for the very beat grades. been
much evidence of buying for investment, but now the
The Bank of England weekly>tatement on Thursday showed transactions
been well distributed throughout the list,
a decrease in bullion of £2,054,000, and the percentage of and prices liave
have generally been stronger. Atchison 1st -la
at 73 and the 2d 2%-is at 35% : Erie 2d 6s liave re­
reserve to liabilities was 4811, against 48 33 last week; the close
to 85 and Chicago & Erie 1st 5s seU at 89; General
discount rate was advanced from 2% to 8 per cent. The Bank covered
Electric
5s close at 70 and Edison Elec. 111. 1st
of France shows an increase of 1,800,000 francs in gold and Os at 97t*;delienture
Wabash
1st
5s close at 07)*; Texas & Pacif. 1st 5s
435,000 francs in silver.
at 83; Columbus & Hocking Valley consol. 5s at 77; Ches. &
consol. 5s at 94; West Shore guaranteed 4s (currency) at
The detailed statement of the condition of the Clearing- Ohio
98: N. Y. Ch. & St. Louis 1st 4s at 90; M. K. & T. 1st 4s at 74%;
House banks has been discontinued for the present, and will Rio
West. 1st 4s at 84; St. Louis Southwest. 1st 4s at 55.
not again be issued so long as there are any loan certificates TheseGrande
prices will give a general idea of the market, and it
outstanding. The totals, however, are furnished as ustxal> may be observed that bond quotations naturally improve
and the figures for last Saturday (July 29) as compared with' more slowly than stocks.
those of the preceding Saturday show a decrease in the re­ Itailroad and Miscellaneous Stocks.—There was no im­
feature this week untii Tuesday, when the market
serve held of $5,119,900, there being a deficit below the portant
to show indications of a turn in sentiment, and this
required reserve of $4,301,615, against a deficit of fl, 258,550, began
was followed on Wednesday by a sharp advance in prices and
the previous week :
a scrambling of bears to cover their short sales. With moder­
ate reactions in a few stocks on Thursday the improvement
was well sustained, and to-day the tone was strong, with the
1893
Differin'efrom '
1892.
1891
J u ly 29.
F rio , \crrk.
July 23.
July 25.
best feeling in the afternoon and prices closing near the
highest point. The market has been heavily over-sold and the
•
*
!
8
Capital..............
60,422 ,700^
L
60.372,700 60,772,700 bear covering has been a most important factor. As Chi­
B a r p lo a .._______I 71,594.800
67,439,700! 64.147.800 cago Gas and General Electric were made the points of attack
Loans and disc'M 406,186.200 D ee.2,705,300 484,933,300 389,650.800
before, so their recovery in the upward turn was very sharp,
C ircu la tio n .......I
6,136,200 I n e . 110,900
5.439.5001 4,085,600
Met deposit*........ 392,177.100 Dec.8,293.100 529.1 Oi, 100 405.101.800 and they advanced to 53 for Gas and 01% for Electric,
S p e cie ................. 62,631,900 D ec.1,221.400 91,711,700 66,611.000 closing to-day at 52% and 50 respectively. The Chicago Gas
Legal ten d ers.... 28,610,700 D ec.3,398,500 61,795,600 54,145,800 is reported in sound condition by its friends, with business in­
Reserve held....... 91,242.600 D eo.5.119,900 156,507,300 120,756,800 creasing, and the directors of General Electric liave just
Legal reserve.... 95,544,275 Dec.2.074,775 132,276,025 101,275,450
made a plan for taking up its entire floating debt by disposing
Sarplna reserve.. P f.43 01 675 Dec.3.045.125i 24.231,273 19,491,350 of certain of its assets to a new company for $4,500,000. Su­
gar lias been very active, selling down to 61% on Monday
Foreign Exchange.—The market for sterling and Continen- and recovering to 75 at the close, having advanced from 69%
the opening to-day, with large purchases by the shorts.
tial bills w a s e a sy in the early part of the week and there was at
Lead was less active, closing at 25% for common and GOfor
a good s u p p ly of bills against the outward movement of
Silver certificates hardly sell enough to make
grain and securities, With the reports of orders placed preferred.
quotations,

THE

210

CHRONICLE.

NEW YORK STOCK EXCHANGE—4 COTF.E STOCKS f o r

iveelc en d in g A U G U S T

h i g h e s t ”a n d l o w e s t p r i c e s .

Saturday,
July 29.

Monday,
July 31.

Tuesday.
Aug. 1.

Wednesday,
Aug. 2.

Thursday,
Aug 3.

Friday,
Aug. 4.

STOCKS.

[ V o l . LA I I ,

4,

an d sin ce J A N .
Sales
o f the
Week
Shares.

1, 1893.

Range o f sales in 1893.
Lowest.

Highest.

4 « t lr e R R S to ck * .
12% 1314 13
14
14%
13% 1478 13% 1 5 m 14% 16% Atchison Top. <fe Santa P e----- 40,620 12% July 31 36% Jan. 16
13
3
*1%
'0
53* Apr. 29
3
Vfclantlo
<fe Pacific.......... .
1% Julv 5
2%
28.
■im
*1%
*1 %
65
65 Baltimore
2,91
61%
5 % Julr 27 97% Jan. 24
60
60%
62
Ohio............
5b
57
58% 60
56% 56%
v0%
70%
1.6
0
71
7
1
Canadian
P
a
c
ific
..........
66
July
69
71
27
90%
*67
68 I 671, 68%
Jan. 16
67% 6-*>6
4,60
39 1 38
42%
414, 42 m 4i% 42% Canada Southern............
34% Julv *7 58% Jan. 16
38
39% 30i* 401$ 41
96
91
3,0
3
92
95%
92
nentral
o
f
New
Tersev__
26
88%
132%
88%
88°e
*4
July
Jan.
89% 9 0 ^
88
90m
21
15% 14% 15% Chesapeake <fe o ., vot. tr. cert. 1 i,2 l0 12% July 26 26 A.pr. 6
13
14
12% 13%
14% 14%
13®8 14
*125 13 !
1
27% July 31 ■45% Feb. 1
1 12 % 127% 12.4 129
Chicago <fe Alton ................... .
80 Chicago Burlington & Quinov 63,2 9 69
71i* 74
73% 79
75
78*4 76
7 0 ^ 71"» 69% 7 .
1uly 26 103 78 Jan. 21
54% 54% Chicago & Eastern Tllinois....
5s j 56
600 54% Aug 4 72% Jan. 25
55
*55
57
56
5 1 m *54% 56
*50
89
3 lo -9 Aug. ■4 105 Jan. 23
*89
90
89
90
91
91
90%
Do
prof,
90
90
*89
50% 5533 chloago Milwaukee <fe8t. Paul, 2 5 7 , L 4630 uly 26 83% Jan. 23
51% 54%
50%
49
48
50^8 505e 52»8 51% 5 ,%
08
106% 107 s
106
Do
pref.
3,545 00 July 26 126 Jan. 23
-1 03% 106
102 102% 104% 104i* 104 107
u3
99% Chloago & N orth w estern____ 37,241 34 78 July 6 1 1638 Feb. 1
93%
96%
90%
87
91
9678
90M 91%
89
133 133
134 134
500 33 Aug. 2 146 Jan. 29
133 133
134 134
Do
pref.
56
61% Chloago Bock Is la n d * Pacific. 63,0 4 51% July 31 <938 Jan. 23
53% 55%
54 ®8 56% 56
60
56% 59%
5 i % .55
28
29% Chicago St. Paul Minn. & Ora. 13,881 24 Juiy 2 h 58%, Feb. 9
2 7% 30
26
27% 23%
27*9 27»,
274.
28% 30
99%
99% 10L
*95 105 1 u c
98
93
100
99
1,088 95 July 27 1 21 Feb. 3
*93 100
Do
pref.
32
33% Cleve. Ctnoin. Ohio. & 8t. L ...
31% 33%
8,36
29
30
31
33
27
30
31i*
29
25 July 26 60% Jan. 23
80
bO
50 76 July 2 l 98% Jan. 30
Do
p re f.
14% 16
13% 14% 13% 14 ColnmbuB Hooking Val. & Tol. 10,315 11% Aug. 2 32% Jan. 19
121* 14%
1 5 * 16
11%
•
55
55
60
60 *
60
177 59% Aug. 2 73% Jan. 17
55
55
59% 59% ‘ 55
Do
pref
111% 113% Delaware * H udson...............
110 l l L 111 111
105 109 >4 105 106% 1071* X09
6,1*6 102% J illy -.6 >9 Jan. 27
4L Delaware Lackawanna <feWest 31,854 27 July 27 156% Jan. 27
«31 1 127 131% 1301* 133M 132 140
136 139 m 133
129
11% 11% Denver & R io Grande
*10
11
34
*9
11 1 *9
10
10
95a 958 10
3% July l 3 18% Jan. 21
28% 28%
28% 27% 27%
28% 30
3,222 24 Julv 1
28
2sm 29
28i* 29
57% Jan. 23
Do
pref.
x%
% East Tennessee Va. & G a .......
3S
*m
48
200
%
38
•Hi
%
J4
*m
»4
% July 3
5% Feb. 4
*4
12
15
15 *
*8
15 j *5
15 *......... 13
10 June 3 35% Feb. 3
Do
1st pref.
2
2
*1
3 1 *1
2
3
'%
*%
*1
3
*m
2 July
1 1% Feb. 3
Do
2d
pref.
Q9
92 Evansville & Terre H aute___
90
82
85
90
89
82
83
83
85
81
3,580 70 July
152 Jan. 12
*102 112 *102 112 *lu2 112
105 112 Great Northern, p ref...............
105 105 *105 112
100 100 July
142% Feb. 7
*i*2
93
92
92 Illinois C e n tr a .........................
89%
90
92
89
8 8 1, •ssi.
89
89%
1,792 86 July
104 Jan. 25
*5%
6% Iow a C entral............................
*5
6
5
6%
6%
5
*5
6
*5%
6
30u
ll
Jan. 25
5 Julv
18
18
18
18
14% 14% 13% 13%
141* 14i* *14% .
340 12 Ju y
37 Jan. 16
Do
pref.
13
14
14
13
14%
15
15 Lake Erie & Western ..............
14%
13% 14%
2,425 12% July
13% 13%
25% Jan. 14
55
55
53
58
53% 55
55 % 56% 57%
58%
57% 53
3,363 53 Juiy
82 Jan. 18
Do
pref.
103 H 0% U»4 109
109 110% 110% 115% 111% 114 h l l_ _ 116
134% Apr. 8
_ _ Lake Shore & Mioh. Southern. 23,456 104 July
93
*89
91
96
96
*89
90
90 | 92% 93
0 2( 90 July
l 8 % J an. 21
Long Island...............................
53% 55%
5Us 52% 49% 52
52
531*1 5 2% 54%
77 Jan. 21
Louisville & Nashville............ 53,961 47% July
9
94,
9% 10%
10
9
8% 11
9
10%
3,700
27 Jan. 14
8% July
9% 10% Loulsv. New A.lb. <fe Chicago..
27% Jan. 16
19% June
------ Louisville St. Louis <fc Texas
108 111
108% 112
103m 105m 101 106
105 109
24,749 io 0 July
174% Jan. 13
1S=
Manhattan E levated.consol.
80
80
80
80
85
85
8 '% 85%
805 80 July
85
86% Michigan Central......................
0^% Apr. 8
10
*6
10
*6
10
6
6%
*6
10
*6
8%
326
6 Aug. 3 II 19% Jan. 14
»% M inneapolis & St, L,. tr. reels
*18
25
18
20
18
18
18
20
*16
25
22
600 18 July 31 ||49 Jan. 16
fn ?
Do
pref., ir. reels
8%
9
4
9
9% 10
*9% 10%
10% 10% * 0
1,130
16 Jan. 25
*9% Missouri Kansas & T e x a s ___
8 July
13% 15% 14
15
15% 16%
lo % 16% 16
15
16
2.630 13% July
289s Jan. 16
ll
Do
pref.
18% 19** 16% 1 9 m 18% 20
19% 23
20% 2
21% Zi5 'Missouri Pacific
20,256 16% July
60 Jan. 21
9%
9%
9m 10
12
11
12
9!e
10
13
14
14 M obile & O h io ..
1,393
6% July
3578Jan. 5
79 July
90 Apr. 18
Nashv.Chattanooga&8t.Louis
96% 97%
95 7e 98*4 98
99 100%
98% 100
99
98% ,99'
13,708
92
111
% J an. 25
J uly
_, New York Central <Sr. Hudson
.1
11
1, % 107B
12
14
13
13%
11% JJm New York Ohio. & St. Louis .
l ,4 i 0
20 Jan 17
9 78 July
52 *
*45
53 ,
54
52
53
53
52
*51
200
35
July
78 Jan. 23
I
Do
1st pref
*19
*18
22
22
22
22
22%
22
41 Apr. 5
I
Do
2dpref. 600 18 July
8%
9*4
87e 9 m
10%
10% 11%
11
11
11%
26°a Jan. 25
7% uly
1 1 % New Y ork Lake E rie& West’n 24,095
20% 21
20
20%
21%
2i
24% 24 % 24% 2L%
23
1.630 15 July
58
Jan. 24
Do
pref.
17% 1814 16% 1848
18% 20%
18% 20%
19%
18%
52% Jan. 17
New York & New England . . . 21,160 16% July
'02%
June
14
262%
Jan.
18
New
York
New
Hav.
<
fe
Hart.
9
9
*9
10
10
*’0
12
13
ll
ll
3 0
9 July 26: 38 Jan 24
--- New York & Northern, p ref..
12%
12
12%
12% 12%
1 2 % 13% 12% 13% 12% 7^, New York Ontario <sz Western
18 19% Jan. 20
4,257
l
l
July
9
8>*
9
9mj
9% 10
10
10%
10
10 m 10^8
3,976
8 July 27 213s Jan. 23
on?8 7n New y ° rfe 8u8quehaT> * West.
42
42
39m 40
39% 40
39 m 40
1,020 39 Juiy 21 ll 339 Jan. 23
Do
new pref.
*
7
5%
5%
100
5% July
9% Jan. 10
....... N orfolk <fe W estern .... ..........
19
19%
19
19
21% 21%
19 i 19
704 16% July 19: 39% Jan. 23
Do
pref.
8m
8m
7%
8
776
am!
8%
9
8%
7,771
7 July 19 18% Feb. 14
8% Norchero P acific......... ............
19% 20%
19% 2
20% 21
21% 23-*
21% 23%
do
pref. 14,542 18% July 26; 503a Feb. 6
........
*11
13
11 July 22l 25 Feb. 1
14 Ohio & M is s is s ip p i............. .
*25
40
*20
40
*27
40
40 Ohio S ou th ern .........................
*25
25 May i6 49 Jan. 25
42
*30
42
40
42
43
40
40 Oregon R’y & Navigation Co.
1,150
39%
July 28 84% Jan. 23
10
■5
10%
8
8
*7m 10 Oregon 8h. Line <feUtah North
500
7 Aug. 2 25 Jan. 16
8
8
6
7
*7
8
*7
8 Peoria Deoa-hr & Evansville.
2,645
4
July 26 18% Jan. 21
-.oi
12
12<m 12
12%
13% 13<* 13% 13% Philadelphia & R eading......... 10,952 12 July 29 53% Jan. 25
*11
13
*10% 13
13% 12%
13
1,035
2 21% Jan. 24
11%
Aug.
12*s
12m
pittaburg
flinn.
Ohio.
&
8t.
L.
44
44
4L
41
41% 41%
43
495 40 July 27 62 Jan. 24
43
do
pref.
lie
1*4
1l
1
1
tm
1%
t%
July
4,360
26
||12 Feb. 3
J
Rioh.
<t
W.
P
Ter’l.tr.
r
e
c
s
.
*10
14
*10
13
12% 12%
1 2 m 12%
300 12 July 26 |j 43 Feb. 6
Do
pref., tr. reots.
....... Rio Grande W estern.................
16 Mar. 16 22 Jan. 25
60 Mar. 17 62% Jan. 28
----Do
pref.
~*3%
4
3% July U
7% Jan. 18
£> St. Louis Southw estern........
1,410
7
7 *e *7
8
1,450
6 Juiy 26 15 Jan. 18
8%
Do
pref.
27
27
*27
30
28
*26
29 St. Paul & D uluth....................
300 27 J uly 29 47% Jan. 18
*96% 99% *96% 99 m
97
96
99
100 97 Aug 3 108 Jan. 30
Do
pref.
*96
9.
*93% 96
*94
97
4*95
97 St. Paul Minn, dz M anitoba...
23© 95 July 27 16% Feb. 14
*........ 20
r ,% 17%
18
*........
13
Southern Paciflo C o.................
300 17% July
35% Jan. 16
*5
5m
4 % 5%
6
6
6
4% July
11 Jan. 19
Texas
&
P
acific........................
2,545
8
8
8
8
10
*8
9 Toledo Ann Arbor <fe N. Mich.
7% May
40% Jan. 31
1,0 b5
■to *
40
40
*
Toledo
<
fe
Ohio
Central............
40
May
50
Jan. 17
70 *
70
70
70 July
85 Jan. 7
Do
pref.
16«e n ' t
16% 18%
2 u 7r ism 19 Union P a cin o ...................... .
15
^
July
42%
Jan.
27
16,530
5%
5
L* 0 %
5
6%
7
7 Union Pacific Denver <fe Gulf.
18% Jan. 16
5 Juiy
2,420
*6-9
73*
5%
6%
W
a
b
a
s
h
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.......
.
7,042
12%
Feb.
9
5%
July
U->
i i i >*
11»8 12%
26 *h Feb. 7
_
Do
pref. 10,1 6 10 July
ll%
12 % 11
11
23%
Jan.
17
10
July
Wheeling
dz
Lake
E
rie............
1,837
36% 37
35% 364l
67% Jan. 17
2, 75 31 j..ly
*6
_
Do
pref.
6%
*6
64,
15 % J an* 23
6% July
6% Wisconsin Central Co..............
300
E 24
iT lis c e ila .u e o u » S io r ff*.
25
24% 25
24
July
3
1
American
Cotton
Oil
C
o.........
7,075
26
0
1 % Mar. 3
5 3 % 5 4^
5 2 % 55
2,927 50 July 26 84 Feb. 14
59 •
Do
pref.
65
68%
61%
75%
Am.
Sugar
Ref.
C
o
...................
8l
134%
6s% 70
3
0
1,7:5
61%
filly
Feb. 6
66% 63
75
Do
pref.
50
6,418 66% July 31 104 s Jan. 19
51
43
50
57%
American
T
obacco
C
o
............
5,434
43
July
31
121
Jan. 3
. 77
77
75
75
1,170 75 July 31 110% J an. 3
40
8 i%
Do
pref.
44
39
41%
52%|Cuioago
u
o.,
orutu
r*
A
r»’r,e.
225,174
39
July
Jan.
21
* 7
•si
94%
7
"5
10
20
10 Colorado Coal & Iron D evel..
160
20
9 78 Aug 3 25% Feb. 7
21%
2
L
%
Colorado
Fuel
dz
Iron
........
114 114
Feb.
14
6
l
0
20
July
3
3
72
09 % 113 i
!0
14
120 12i% jconsolidaced Gas Co...............
1,96 i 108 July 27:144 Jan. 20
15
14 |
30
40,054
31
66^8
39
17
jDistilliug
<
fc
lattie
Feed’gC
o.
12
J
illy
Jan.
3
4
112
51%; General Electric C o ............... 9 1,750 30 July 29 114% Jan. 16
12
tn
n% !
*32
7%
July
Feb
10
2,581
7
II«47
45
11
National
Cordage
C
o
.,n
e
w
...
*30
42
19
DO
32 July 25 l *8 % Jan. 20
19%
oref.
9
52% Jan. 21
50
National Lead c o . .
7,547 18% Julv
z 56
48
51 1
Do
96 Jan. 20
6,375 48 July
pref.
•i7e
5*4
•7e
6,020
*8
North
American
C
o
_________
4%
July
20
1 1 % Mar. 29
20
2 t % Feb. 3
9
Oregon Im provem ent C o .......
10 Juue
10%
9
9m
5 4,
Pacino
M
a
il..............................
5,445
27
s- Jan
2
* ----8%
July
55 <
45.000 52% Jan.
140 143
Pipe Line C ertificates..........
70% Apr. 8
33 140
136
141 j
143
*70%
132
A
g
Pullman
Palace
Car
C
o..........
8,48
(
1
206
Apr.
12
*0
i ...—
i ........ !
11
62 June iO -54% Jan. 14
2
Silver Bullion Certificates___ 10.00
11
12 m
L2%
! 13%|
. 13%
13% T e " n e s 80A C o a l & ir o n
.........
. . . . . . .......
6,041 10% July -6| 3 3* Jan. 14
59
59
25
10, 59 Julv 3i 02 Jan. 31
....... !
On
pref.
25 !
23% 24% *20" 24 United States Rubber Co ..
63
1,0 20 23 Aug •2 HOSc Vur 18
69 "b 67% 72 ml
1 '2 ••»•
0
* These are bid and asked; no ale m i l e
x E x d iv
II Old certs.
f First instalment paid.

THE CHEONICLE.

A r«cw r 5, 1883.]

211

N EW Y O R K STOCK E X C H A N G E P R IC E S (C o n ttn n e d )-tV A C 2 T F £ ; STO C KS.
Aug. 4.

iKAcrrvB Stocks .
f Indicates unlisted.

Bid.

Range (sales) in 1893.

AS*.

L ow est

R a i l r o a d S to c k s ,
156 Jan.
A lbany A Susquehanna___ ....1 0 0
Belleville & South. IU. pref...... 100 135
98 May
Boston & S. V. A ir l in e p r e f..100
22
24
24 July
B rooklyn Elevated 1)........... ....1 0 0
23 Juiy
Buffalo Rochester & Pittsburg. 100 22
75 July
75
P referred................................... 100
....... 45 July
Burl. Cedar Rapid* & Nor.........100
13*4, 16% July
19
Central Pacific............................. 100
135 July
Cleveland & P ittsburg............... 50
4 July
4
De* -Moines fit Port D odge...... 1 0 0
22 Feb.
10
P referred...........................
100
5 July
Duluth So. Shore A Atlantic U.100 : 6
I d ’s 20
11 Juiy
Preferred 1)................................100
lo t* July
Flint & Pere M arquette.............100 ........ 14
59*e J u re
P referred................................... 100
3% 5
Georgia Pacific 1? .......................100
5 July
Gr. Bay Win. A St. P. tr. reo— 100
6 * 4 .......
11 Jane
Preferred trust recta...............100
3 June
H oaston * Texas C entral------- 100
86 June
Illinois Central leased lines-----100
11 MayKanawha & M ichigan................ l o o
Keokuk & Des M oines................100
10
15
10 July
Preferred................................... 100
....... 16 Aug.
L oui-v Evanav. & St. L. C on*.100
47% Feb.
P referred.......... ........................ 100
100 >'ar.
Mahoning C o a l .- ..-.............
50
,105 May
P referred................................... 50
M exican National........................100
9 July
10*3 ,
Lou. N. A. A Chic. tr. rec’t s .. 100
Morris A E ssex ......................... 50 :140 141 140 July
100 ........
112 Mar.
—
i 50 June
,100; 17
.100
4
4 51 ay
7
Peoria A Eastern.
100 ;144%
140 July
27 Aug.
50 28% 31
100 .........
150 Aug.
99*# Aug.
100 9S*s 102
.100 25
30
29 May
.100 145 155

Aug 4.

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

Range (sales) in 1893;

Highest.

f Indicates unlisted.

B id.

Ask.

10

20

165*4 Feb.

Toledo Peoria 4 W estern..........100
Toledo St. L. A Kansas City r Virginia Midland........................100

102*4 Jan.
41*4 Jan.
37 J an.
86% Jan.
65 Jan.
29% Jan.
157*4 Jan.
9% Jan.
24 Mar
14*« Jan.
32 Jan.
23 Jau.
77*9 Jan.
14% Jan.
297a Jan.
7*4 Mar.
91 Feb.
14*# Jau.
28
27
49
10O
105

Apr.
Mar.
Jan.
Mar.
May

15 July
163 M ar.
1 1 4 Jan.
60 Feb.
9% Jan.
156 Feb.
42** Apr.
179 Feb.
112*4 Jan.

I 37 *» May
iMi*e Mat

m is c e lla n e o u s S to c k s .
Adams E xpress...........................100 135
47
American Bank Note Co V...............
American Express..................... 100 1105
A u er. Telegraph A Cable........ 100
Brunswick Com pany.................100
Chic. June B y. & Stock Y ards. 100
Preferred.................................. 100
d o z e n s ’ Gas o f B rooklyn....... 100
Colorado Fuel A- Iron, pref...... 100
7*3
Coin tonus <fc H ocking C oal.......100
Commercial C able..................... 100
22
Consol. Coal o f Maryland........ 100
Edison Electric Uluminating.. .100 ; 89
Interior Conduit & Ins. C o ...... 100
Laclede Gas.................................100
11*4
45
Preferred.................................. 100
Lehigh A Wilkesharre Coal 11.........
45
Maryland Coal, p r e f..................100
M ichigan-Peninsular Car C o ... 100
Preferred. ..............................ICO
Minnesota ir o n .......................... 100
National Linseed Oil C o........... loO
15%
National Starch Mfg. C o.......... 100U
9
New Central C oal....................... lOo
6
Ontario Silver Mining...............100
7**
Pennsylvania Coal. .................. 50: 250
P. Lorlllard Co p ref..................100
Postal Telegraph—Cable *i..............
Pullman Palace Car rights............
Q uick-liter M ining....................100
1%
Preferred..................................100 ..........
Texas Pacific Land T rust.........100 .........
0 .8 . E xpress............................. 100
45
U S. Rubber preferred__ ____ 10 0i;l64
Well*. Fargo E x p ress..............100 130

Lowest.
14
8

Highest.

May
May

14
17

M ay
Jan.

145 135 July
50
107*# 100 " A u g .
“3
65*4 Aug.
5
4 June
80 May
93% Jau.
9 9 7g July
80 J une
5 July
180 Feb30
26 May
89 Aug
41 Juue
12
10 July
55 July
55
25 J,.n.
60
55 Aug.
97 May
So July
60
64 M ar.
14*9 July
6 July
8
6*9 A u g .
9
9 July
300 260 June

160

Jan,

2
50*
140

120% Feb.
92*4 Feb.
9% Apr.
10S Jan.
93% Jan.
109 Jan.
111*9 Jan.
29% Jan.
185 Mar
31 Jan.
131 Feb.
71 Jau.
26 Jau.
74% Feb.
25 Jau.
07 Apr.
106% Jan.
1007s Jan.
69*4 Jau.
41 Jan.
34% Jan
11% Jan.
19 Apr.
300 Mart

82 " F e b .
8 3*9 Feb.
13*9 May
16% May
2 Mar.
3% Feb.
12 M ir. 20 Feb.
8 Jnly
13*4 Feb.
49 Juiy
70*9 Jan.
64 Aug. 99 Jan.
127*4 July 150 Apr.

1 Actual sales

’ No price F rid ay ; latest price this week.
NEW

(% I n d ic a t e s a c t u a l s a l e s j

Y O R K S T O C K E X C H A N G E P R I C E S .— S T A T E B O N D S A U G U S T 4 .
Bid.

SECURITIES.

Alabama—Class A, 4 to 5 ........1906
Class B. 5 * ...............
1906
90
Class C, 4 * ..............................1906
Currency funding 4 s ............19801
2
Arkansas -6 s .fo n d .H o t 1899-1900;
i l . N »n-Holf»rd! 110
1
7s, Arkansas Central H R ..........
Louisiana—7 s. con s_________ 1914 108
94
Stamped 4 s . . . . . . ................... . — ;
Yf?
Missouri Fund............. 1994-1*95

Ask.

95
92
12
190
10
f»7

SECURITIES.

Bid.

1893 ICO
North Carolina—0«. o l d ....... . j & j
30
10
Fund hi s? a u d .... ........ ....... 1900
New bond**. JA f ........ 1892 1898
15
Chatham R B .......................
1
Bpeciul tax. f lans I ...........
1
Consolidated 4 *.................. 1910
92
fis......................................
1919
Ktuwle islan d-*:*, cosi . 1*93-1 S94 100
ISoutb Carolina—♦;*. non-fund. 1*88
1

a !
S.1
S

♦ N ew Y o r k C l t j B a n k .S ta te m e n t f o r th e w e e k e n d in g J u n e
10, 1898, is as fo llo w s .
W e o m it tw o c ip h e r s tO0> in a ll cases.
BASKS.
Surplus Loans. Spent. le g a l,. Depotits.
(00* omitted.1

Ask.

SECURITIES.

Bid.

8.C. (oonui—Brown consol.tis.1893
Tennessee 6s, o ld .........1892-1898
C om p rom ise, 3 4-5-6a............ 1 912

New settlement, 6 » .............. 1913
4
5 s .............................................. 1913
4
3 s.............................................. 1913
100
Virginia—6s. o l d .............................
125 { 0». consolidated bonds.................
6s. consolidated, 2d series,rects.
«» , deferred <’»t rec'ts, -tamped

on
70
95
63

Ask.

106

105
63

N e w Y o r k C it y , B o s t o n a n il P h i l a d e l p h i a B a n k s :
Ban km .

C a p ita l A
.Surplus.

loans.

9

9

S p ecie.

LtonUu

D a m n s . 1 C l f t T i i C learings,

9
9
9
•
1$ 2 ,0 1 7 ,5
3 9 7 . 9 '9 . 1 5 .6 1 8 .4 0 1 6 .1 1 0 ,4
0,060.0
1 3 2 .0 1 7 .5
-«*8.87t',:< 5 .7 1 0 .3 .45 0 ,8 1 7 ,3
lS.JT-,8
: 32.017..*
3 0 4 .1 7 4 .0 5.K 0 0.3 5 1.1,019 2
8,2 0 4,2
1 4 2 .0 1 7 ,5
< 0 0 .4 7 0 ,2 0 .0 2 5 .3 5 4 9 .7 3 5 ,6
0 244.0
1 4 2 .0 1 7 ,5
3 -2 ,1 7 7 .1 0 ,1 3 0 ,2 *)4 3 .5 8 9 ,0
13 7w.-J
3, i20,O
0 4 .6 4 2 ,9 1 4 0 .0 0 1 .9 0 ,0 8 7 .9 1 5 .0 1 0 ,9 U 8 . 0 U . S 0 .5 3 8 ,5
8 0 ,8 1 9 ,2
10.200,3
8 4 .8 1 ..U 1 1 " .' « 7 . 3 0.0O 4 5 5.85W.7 1 2 3 ,1 6 1 .6 1 7 1 . 7
8 5 3 3 3 ,3
i.Sek-S
2,461,0
6 4 .6 4 2 ,0 i 4 0 ,6 1 4 ,7 8 ,8X 8,71 5 ,3 1 1 .7 1 1 0 ,0 1 5 ,4 0 .9 3 3 .0 7 0 .4 6 1 ,5
23,350,0
3 1.054,0
3,902,3
3.443,0
35.7W 3.7 1 0 2 ,7 6 8 ,0
0 7,3 70 ,1 3 .7 0 1 ,0 0 4 ,2 6 2 ,7
2 4 ,8 0 2 .0
S..u* 1,7
4.591.5
3 5 ,7 0 4 .7
« * » . l i 8 ,e
2 4 ,1 0 5 .0
0 6.114,1 3 .8 0 1 .0 07 0 iO.-i
1,6.17,6
l.tM2.»
$ 5 ,7 0 3 ,7 1 0 1 .0 7 7 ,0
2 3 ,7 0 1 ,0
P 4 .9 O A 0 3 ,9 9 7 ,0 5 9 ,1 3 0 , a
2.513,0
2,K)5,0
1,200.5
1.140.4
* tVe omit two cipher, in mil these hour's. t Including, for Boston and Phils
$,101,9
2,53*2,6 delphla. the item - due to other banks."
1,594.2
1,73*2
3.30*.,2
2.463.0
M is c e lla n e o u s a n d U n lis t e d B o n d s .— S t o c k E r . p r ic e s .
18.733.0
12,421.0
18.316,1
11,904.0
h U c r liin e e a * H and*.
41 l a c e l l n n e u u a B o u d e .
5.0. *4.0
4.390.0 C b , J u u . d t 3 . Y d * . —C*»l t.K* ,5 e
People*# t4*i» 4 C . 1 1st g. 0a.
0.507.5 * o lo r a d 'i Puel—Geu. 0«. .....
7,103.0
98 a.
Co
, CliJCiMfo .. 5 id g . 0s.
2,998*0
3.183.0 CbL A Hock. 0 o * t * 1.
g.
Pleas. Valley Coal -1 st g . tfs.
9,010.8 1.021.1
lO.LU.i C u t u o l 'a C 'M t l - C o a v e r t . 6 # . . .
Pr
-«5er
<St Gamble—l^t g . 0« 1 0 3 >aA.
B.^37,4 C otta.«»aa Co .Chic.—let itu.5» 7 1 a. -r ta u d a y Creek C » a l 1st* 0 s..
6.1 *9.0
820.0
I.PPU.T
109.1
t>ime.C. W a L Wka — «icu.g 5s
•100 b .
We-»ieru Union T e le i c .— •
5,161.*»
4.745,3 D et. <i«a con. l » t 5 a .....................
Wheel L E A P * *oal 1 i t g 5 * * 00 b.
13-OV2.4 3,6.17.3
14.524.9 B a<t K»»er *# ai l e t if. 5 * ........... 8 5 3 4l.,
U n l i s i p ‘i llo o d w .
2,876,0
2,541.0
371,7
• 8 8 0. Ala. .fc Vick**.—Couaoi. 5 a, g .
2.6-14.3
550.2
2,075.8 Equitable Q . & P .— l * t 8 *. . . .
Vicks A
en d . l a t h * ........
2,0 70,4
kj.t.s
2.871,5 H eu d erw ou H rld n e — l i t if. 0<*.
\ lari-a A Chari.—i a t 7 s ___
4.17o,l
47 1.:
4.151.0 Hot>ok«*n l^snd k l u a p . - n . 5 i
12 n.
IC o m stock r u u n - j i —ino. 4 » . .
2.201,]
2.340,4 Mich.>Pealii. Car l e t ^ e . k ...
l s i.s
U e o . P a — U r H* a. c i U ........
68 b.
2.030,0
3,193.0 Mutual t ttk>K Tel©*- —de. it,. 100 b.
343.0
7,830,2 l.WO.s
7,470.3 National Stare < Mf*„—u t d# I » a. ! Consul. 5s, tt. c t f s ............. 30 bv
8,804.8
9.83.5
4.309.4 Nort hwestern TeUurrai»h—7 «. MOO »>.
8 b.
Income5s. »3tfi .... . . . —
1.912,1
1,970.0 Peoria Water t>>. -*ie. k __ 100 l*. Morn. ftOJmrlest >n—Con. 7 a
177.0
21,540,0 4.253,0
22,141,0
21.053,7 6,010.5
25.145.0
NOT*.—"6** indioaten prtoa 6W; " a ' price >uHed, * Latest price this w e e k
l.OH',7
01,3
9*9.2
10,389a 1.0OH.1
15,640.3
p r ice s
7,096,0
7 . 4 0 t.O
xix.o
8.017,0
854.0
6,077,0
banks.
Bid. Ask
Bid.J A«k.
Bid. Ask. | BANKS.
BANKS.
3.0*56.3
435.0
3.H3 *.5
1.435.2
17,701.5 A men- a ___
030
V. Y. Co'nty
210
Hal atln........
3l5
5,010.0 1.107.5
5,239.0 An. K teb...
135
150 Garfield __
N Y. VaLii,*
l.kUoa
00.4
1,502.3 Bowery ......
125
''•lath.........
He* man Am. n o
511.0
3,265,0 Broadway . 250 405 |German Kx..
2,»t>O,0
10th Ward.. ... . . . . .
3,190,1
760.0
3,553,5 Botch V.* Dr
Her mania.... 3t)0
N. America. . .... . ....
2.5 -1,7
2,390,0 Central ....
311.-)
247
oreen wich .. 160
(Jneutal ...
.85
ll'-PH-.O 3,220.1
13, .4 SO
195*
400*
3i0 *
tiauover.
8,40 ,7
088,7
305
Chatham.__
Park... ___
400
153
2,838.1
183,3
3.224,9 Chemical__ 40 *0
People’ s __ . .... .
I m. ife Trad's’
050
3,295.9 C ity ......... 4UU 4-100 Irving .
2,018.4
352.7
130*’
4.052,8 x ,m * s
5,-6 ,4 Citizens’ ,__
100
240 j *ro*lnco Ex. ....
Leather Mf V
S.7US..H
679.0
B.39 4.3 Columbia ...
i 76*"
5.201.0 Commerce..,
4.« in ,9 1,103,5
190
Manhattan.. 170 185 beauoard ... 173
......
1.001,0
2,040.0 CcntUicntal.
278.4
137
MarketA -*111
240 jSecond........ 300
8.l«.-,5 Co.n Rxch.. 250 870
5,0*JO.**
855.M
795.0
195 .Seventh , . ........ .....
Mec haute*'..
■2,530.0 Getosit.......
2,209.6
412.C
29t,C
Shoeife Uo’tu .... . . . . .
3,704.0
617,*]
4,2* 3,0 East i{lr«>r.. HO 170
550.**
230 iSt. VlChOiAs. ..... 125
Mercantile..
1,67k,0 :itfi Ward. .
192d
...... l»7
1.71M i 270,1
Merehauts*..
*60 ]southern
587,2
8.190,5 Fifth Ave.. . 1500
b.62S.€ 2. *72.5
eotS.Y. ...... A ’J
U7
4.5 7,m 1.180,1
237, y 1 4,-lH.O FS'lt,............
. ..m
470 jr Ird.........
i
Metropolis
-.
450
2.053.3
li&.S
300,2 1 2.250,9 First. ...
100
. Ml Morris..
i rradosm’a’ -'
2000
First N..H. r
i Uu'd .State 100 22 7
Total............ .
m 422.7 71,604.8 414,400,2 168.819,3149,833,0 4l8,iri5,9 14th i f feet..
•WMC
160 170 1Western. .. lu9
Wait Sl-lQ . ..... ---W
Foartfi....... 140
237
’
York...
•NOT k —No detailed statement has been issued tlnoe Jan* 10.

Bank of New York.
M&nha*tan Co.------Merchant*'. ...........
Mechanic**............ America................
Phenlx.....................
City..........................
Tradesmen’ *...........
Chemical----- ------ .
Mon-.lisJU.' ExelUge
Gail.ua NsiVuisl.
Batchers'A DroT’ rY
MechanirV A Trad'*
Greenwich.... —
Leaf-har wanufac'rs
Bev etuis National...
Stale ; t New York.
American Etch**©.
Commerce................
B road*ay__ .. . . ...
Mercantile,------PfcefeBc. . . . . . . . . . . .
Republic.— . . . . . . . .
Chatty* r ................ .
People**...................
Norsh America.......
Hanover......... .
Irvin*----- ----------c m Mm*’. . . __ _—
Jiaswaa.................. .
Market A Pulton...
8L Nicholas............
Shoe & Leather......
Com Ezchan*e.......
Continental...-----Oriental...................
Importer*' A Trad**
Park........ ................
F.**t R iv e r ............
Fourth National—
Centra: National....
Second Natlonal....
Ninth National......
Fir** ^ationai ....
Third National........
5 .V .S U Exchange
Bowery....................
New \ or It County..
German-A oe-ncan..
Chase Natinai.......
Flf'h Avenue,.........
German Kxrhan*e..
Germania .......
C n tt.i states.........
I#i»c«lo.___ ..... ....
Garfield ................ .
Fifth N ational__
Ban* of the Mstrop
W w t Side................
ScMboard
....
Sixth NMIorixl........
Weetera National..
First Nat., BPklyn.
Bon.hern National..

*
2.* 00,0
2,050,0
2,000,0
2„u€»0,0
3,000.0
1,000.0
l.tOO.i
750.0
300,0
0(0.0
l.ooo.o
300,0
400.0
2 0 ,0
800,0
300.0
1.200,0
6.0U0.0
5.000.0
1,000.0
1.000.0
422,7
1,500,0
450,0
20*>,0
700.0
L0O6.O
soo.o
800,w
500,0
750.0
500,0
500,0
1.000,0
1,000.0
yw.ii
1,300,0
2,000,41
250.0
3.200,0
2,000,0
SOO.O
750.0
500,0
l,OuO,0
34*0,0
2541,0
200,0
750.0
500,0
100,0
20V.O
200,0
500,0
300.0
200,0
200,0
*uO,€
200,(1
500,4
too.c
2,100.0
300,0
1,000.0

8
2,0*7,2
l .-* ',3
1,013,8
2,120.7
2.257.1
470,3
2.635,7
205. b
1,‘f i 1.4
190,0
1.500,3
318,3
4*1,1
173.1
570,2
121.8
508,3
s.rjx.o
3,604,5
1.614.1
1.13 .4
459.0
043,2
9*28,7
335,0
*>38,3
1.805,1
3 »».»
471,2
3*8,1
924,5
151.9
277.9
1.28:1,5
271,4
431,7
5,708,3
3.0V4.1
1*4.9
2.0TJ."
806,1
534,7
**e.8
7.230,0
130,2
IW-sl
546,4
559,8
317,3
1,198,7
9*4,«
509,2
569,2
5*3,5
430.8
481.1
318,5
733,7
290.2
234,2
350,0
290,2
842.4
l WktO

§
11,20*0
12,877,0
*.277.4
8.173.0
U.459,1
3,8 *5,0

9
1.770,0
1.312,0
028.3
70 ,0
1,440.7
470.0
8.043, i
808.4
4,280.0
483.2
744.7
2*0,9
217.0
152.3
890A
252.3
57.0
1.014,0
1,323.9
1.010,3
777.6

4
940,o
2,40»*.O
l.i-2,1
903,0
1,979.*'
504,0
1,901,0
301,5
2,0,*7.<>
023.2
674.3
301,3
383.0
13.0,2
242*3
184,1
4-5.4
l.J li.i
l.S « ,r
470,m
54 3,0
610,0
1.012.5
690.0
.•VS,
4-M.5
1.2*2, i
3’<3,9
417.1
440.9
36**,<
349.2
674.0
037.0
481,*
504.7
8,300,0
2.19 4.0
24 K*
704,0
9 0 .0
724.0
0*19,0
2,037.1
203.4
220,2
392.0
07,4
365,0
1,002,1
5 10,2
8*14.5
854,8
4*1.5
1,200,3
4 \l,*

N. Y o r k .*
J u ly l —
**
8 -** 1 5 . . . .
*
2*2......
** 29
R « « t o n .*
J u ly 1ft
** 2 2 ......
M 20 .
P M U .*
J u l y 1 5 ___
** 2 * 2 . . .
** 2 9 . . .

*
4 1 3 .6 5 0 .4 8 2 .0 0 8 ,3
k l -.*1 0 5 .9 6 1 .7 0 3 .7
4 .3 , 4 1 0 ,8 6 2 ,2 6 0 .0
lO « ,l» i,S '8 .1 .8 .> S ,x
4 0 0 ,4 8 0 ,2 ^ 2 ,0 3 1 ,0

Bank Stock List.—Latest

1*

s
3 7.7 5 8 .2
3 -’ . 8 i » , l
32.1205,5
3 2 ,5 0 3 ,2
3 8 ,0 i 0,7

of bank stocks this week.

THE CHRONICLE.

212

[Vol. LVII.

B O STO N , P H IL A D E L P H IA AND D A L T IH O K K ST O C K E X C H A N G E S .
j y
A c tiv e S t o c k s .
1 Indicates unlisted.

Saturday,
July 29.

S h a re P r ic e * — n o t P e r C e n tu m P r ic e * .
Monday,
July 31.

Tuesday,
Aug. 1.

Wednesday
Aug. 2.

14% 13% 15
13
*2%
" go" *60*
59
*57

14*9 12% 13*4
13
A tcb. T. A 8. Fe (Boston). 100
2*4
2*4
•2
Atlantic A Pac.
“
100
56*9 57
53
Baltimore A Ohio (B alt.). 100 58
*
130
1st pro erred
44
100
115
115 *
115 *
2d preferred
“
100 *
18
18
16% 17%
13
18% 18*4 IS
Baltimore Trac’n J P A i/J . 25
197
195^ 197
195
Boston A Albany iBoston). 100 195 195*, 195 197 *
179
........ 178
Boston A Lowell
“
100
135 14.0
130 133
136 140
Boston A Maine
44
100 144 146
10*a 11*4 10^0 11
11
11
11
11
( '••ni nil o f Maes.
41
100
Pre erred
**
100
73% 73% 78
72
6970 71%
71%
Chie. Bnr.AQnin.
44
100 71
50% 51% 52*e 54
48% 50%
Chic. Mil. A 8t. P. (P h il.). 100 49% 50%
Ohio. A W. Mich, (Boston). 100
*3
*3
*3
Clove. A Canton
44
100
13
13
13 *
Preferred___
44
100 *
70
69% 69
72
69
69
73
Pitch ourg pref.
44
100 * 72
32
32
33
33
33
34
29
Hunt. A Br.Top.fPAtYa ) . 50
*
47
47%
4
-%
47%
43
50
48
Pre'erred
44
50
35% 36%
35% 36
32% 33=8 33*8 35
Lehigh Valley
44
50
117%
........
1171s
Maine Central (Boston). 100
73
78
77
69
85
78 ** 84
Metropolitan Trac.(77ki/).100 85
5%
5%
5%
5%
6
5%
5
5
M exican Centflf. .Boston). 100
183*
19is
19
19
17%
17
18*4
18
N. Y. & S. Eng.
“
100
49
49
49
49
50
50
50
Preferred___
44
100 *46
*
68
Northern Central (B alt.). 50 *r»63i
778 8%
8%
8%
734
8
8=8
8%
Northern Paoitic(P h ila .).100
21
223*
21
207s
19%
20%
20%
20*,
Preferred
44
100
172
172
172*, 173
173 174
Old C o lo n y .... (Boston). 100 172 174
48%
49%
49
49
49
48%
48*4
48%
P ennsylvania.. (P hila.). 50
*21
Phlladel. A Erie. ' 44
50
6716
9 70
6*4
6%
08,«
Philu. A Reading
44
50
«
>
6*16
60
67
60
58
68%
60
74
72
PhiladelphiaTrao. 44
50
v
4
%
........
*4%
Summit Brauch (Boston). 50
20
18% 18*4 20
16% 18
17% 17%
Union Paeitio
“
100
222 222 *222 223
United Cos.of N. J. ( Ph ila.) 100 *222 223 *222 223
4
4
4
3% 3%
*33,
4
*3%
TVestern N. Y. APa (Phila.). 100
JTl
net- um M o c k i .
67% 73
675,
62
68
65
64=8 65
Am. 8 te'rRetin.ti (Boston) . . . .
69
69% 71% 73
66% 06%
Preferred.........
44
69% 70
174% 175
175 176
173 175
B ell Telephone..
4*
100 175 17-5
17% 18%
17
17
17
17%
17*4
Boat. A M ol tana
44
25
17*4
5%
5%
5
5
*5
5
Butte A Boston..
44
25
5
5%
250
250
250
247
250
249
250
250
Calumet A H ecla
44
25
62% *......... 62%
Canton C o.......... (B alt.). 100 A
62*, *
51
50
50%
50% 51
52%
50
51
Consolidated Gas
44
100
40
40
........ 40
40
40
Erie telephone (Boston). 100 40
43
49
40%
40
43
40
36
General Electric..
44
100
37
75
75
75
75
75
75
77
Preferred........... 44
100 75
13
133*
13
14
13
12% 13
La mson Store Ser.
44
50 *12
47% 47% 47% 47%
Lehi’h Goal AN av 'P hil.) 50
47
4678 47
47%
49
........
49
49
49
49
N .E ug. Tel ephon e ( BosVn) 100 48% 48 *
* 5 % ........
5
5
5
5
*478
North American. (P hil.). 100
10% 10*2
10% 11
West End Land.. (BosVn)___
10% 10*4
10% 10%
* BiJ and eslrnd urief s; no sale was made.
Bid.

In a ctiv e S t o c k s .

Ask.

Prices o f August 4.
87%
Atlanta A Charlotte (Balt.). 1
Boston A Providence (Boston).160
25
Camden A Atantic pf. (Phila.). 50
C itaw issa..... ................
44 50
5
1st preferred........
44
5 0 50
2d p r e fe r r e d .......
44
50
50
54
Central Ohio.............. (Ball.). 50
Chari. Col. A Augusta
44
100
Connecticut A Pass. (Boston). 100
Connecticut R iv e r...
44
100
Delaware ABound B r.(PAi/a.).100 123
Flint A P ere M arq... (Boston). 100
P refeired.....................
44 100 40
Har.Ports.M t.JoyAL. (Phila.). 50
Kan. CTy Ft. 8. A Mem. (Boston). 100
Preferred....................
“ 100
K . City Mem. A Birm.
44
100
Little Schuylkill....... (Phila.). 50
61%
Manchester A L aw .. (Boston).100
Maryland Central___
(Balt.) 50
Mine Hill A S. Haven (Phila.). 50
Ne»qnehoning Val___
44
50
Northern N. H ........... (Boston). 100
North Pennsylvania. (Phila.). 50
81
Oregon Short L in e ...(Boston). 100
10
Pennsylvania A N .W . (Phila.) 50
Rutland........................(Boston). 100
Preferred.................
100
Seaboard A Roanoke.(Balt.) 100
1 st preferred.......... ,
“
100
West E nd..................... (Boston). 50 50% 51
Preferred.....................
44 50 79
West Jersey................. (Phila.). 50
55
West Jersey A Atlan.
44
50
Western M aryland..
(Balt,). 50
Wllm. Col. A Augusta
44
100 100 110
Wllmingt’n A Weldon
44
100 105 112
Wisconsin Central. . (Boston). 100
6%
7
Preferred........ ...........
“ 100
Wore’st.Nash.ARoch.
«
100
MISCELLANEOUS.
Alton ez Mining........ (Boston). 25
•45
Atlantic Mining........
**
’ 25
7 % ----City Passenger R R ... (Balt.) 25
80
90
at ate Gas............(Boston). 50
5%'
Boston Land..............
10
3%
Centennial M ining...
2
10
2%
F or’ TVa;, ne EJect^cj)
25
Franklin Mining.......
25 "9 %
Frencbm ’n’sB ayL ’nd
5
Huron M ining...........
25
Illinois S t e e l............
100
Kearsarge M in in g....
25
5%
Morris ( anal guar. 4 . (Phila.) 100 77
Preferred guar. 10
44
100
187
Osceola Mining.......... (Boston). 25
22% 23%

i oilman Palace Car.. 44

-100

In a ctiv e sto ck s .

Thursday,
Aug. 3.
13%

15%

*61
...
1.........122%
f.........114
17% 18%
197% 199
►
.........185
140 142
11
11%
75%
52

78%
54%

70
70%
32% 32%
47% 47%
36% 38%
110 117%
79
83%
6
6%
19% 20%
*47
50
8%
9
22
23%
172 172
49% 4 9 78
26
26
6%
file
69
70%
5
5
20
20
222 223
4%
4%

Friday,
Aug. 4.

R ange o f sales in 1893.
Low est.

14%

16%

53,166
200
145

70
75
36,573 62 July
69% 73%
74% 74%
2,468 66% July
175 176% 180 183
959 166 July
18% 18%
18% 19
1,667 15 July
5%
930
5%
5%
5 Julv
5 7s
252 260
250
316 247 July
*62% *55
65
65 May
51
52
52
52
1,585 50 J uly
40
40
38
40
81 38 Aug.
45% 51% 15,43 s 33 July
46% 50%
77
80
80
36 75 July
14% 14%
13% 14
394 12% July
4738 47%
47% 47%
75 l 467s July
48
48
x48
48
109 48 Aug.
5%
5%
5%
5%
400
4% July
12
11
11
11
9% July
1,861

Bid.

it..”

Highest.

12% July 26 36% Jan.
2 June 30
4% Jan.
64
*62
56% July 31 97% Jan.
135 Feb. 13 135 Feb.
'120 125
110 115
]112 July 17 122 Jan.
4,172 16% Aug. 1 29% Jan.
18%
18
199 199%
490 195 July 26 227 Feb.
19 170 May 10 200 Feb.
177 177
140 145
1,118 130 Aug. 1 178 Jan.
11% 11%
424 10% July 27 22% Feb.
50
*47
46 Jan. 3 62% Feb.
16,594 69% July 26 103% Jau.
76% 80
53
55
10,405 46% .iuly 26 83% Jan.
26% July 27 49% Fob.
2 i5 ,6 July 27
6 Feb.
13 M ay 11 19% Feb.
70% 71
834 69 July 31 95 Feb.
*32
33
600 29 July 31 40% Jan.
47% 47^
1,633 47 Aug. 2 56 Jan.
36
37
8,280 30% July 26 62 Jan.
' ........ 117%
118 July 20 130 Feb.
79
83%
6,067 69 Aug. 1 150% Jau.
6
6
803
5 June 29 13 Jan.
19% 20%
2,941 17 July 31 52 Jan.
49
50
28 44 July 19 102 Jan.
68 * 68
12o 66% July 26 70% Jan.
5,872
8%
8%
7% July 19 18% Feb.
23
23%
4,284 18% July 26 50% Feb.
173% 174
172
July 29 221 Fob.
323
49% 50
11,346 46% July 26 55% Jan.
4 24 May 12 35 Jan.
6 1 Ju ly 27 26% Jan,
6 ^ i 6” 7% 6 11 .0 n
67% 70
5,298 58 Aug. 1 142% Feb.
100
5 July 11
9% Apr.
18
20
3,404 15% July 26 42% Jan.
220 220
56 220 Aug. 4 232% Mar
4%
4%
1,075 3% July 25
7 % J an.

Ask.

Westing. E lectric__ (Boston). 50
16% 17%
B o n d s —B o sto n .
70
At.Top.AS.F.100-yr.4g.,1989, JAJ
32%
2d2%-4s, g., Class A ..1989, AAO
Burl. A Mo. River E x eu p t 6s,JAJ t ....... 113
Non-exempt 6s........... 1918, JAJ tioi 102
Plain 48........................1910, JAJ
96
Chic. Burl. A Nor. 1st 5,1926, AAO t 95
2d mort. 6s................1918, JAD f 96
Debenture 6s.............1896, JAD t ....... 98
Chic. Burl. A Quincy 4 s ..1922,FAA
Iowa Division 4s.......1919, AAO
Chic.AW.Mich. gen. 5s, 1921, JAD
Consol, o f Vermont, 5s. 1913, JAJ
88
Current River, 1st, 5s..1927, AAO
100
Det. Lane. AN or’ n M. 7s. 1907, JAJ
115
Eastern 1st m ort 6 g ...l9 0 6 , MAS
117
I ree.Elk. AM .V.,lst, 68.1933, AAO
115
Unstamped 1st, 6s___1933, AAO
K.C. C. A Spring., 1st,5 g „1925,AAO
96
K C. F.S. A M. con. 6s, 3 928, MAN
K.C. Mem. A Bir., 1st,5s,1927, MAS
K.
C. St. Jo. A C. B., 7 s..1907, JAJ
100
L. Rock A Ft. 8., 1st, 7 s .. 1905, JAJ
Loui8.,Ev.ASt.L.,lst,6g.l926,AAO
2m., 5—6 g ........ ........1936, AAO
Mar. H. A Out., 6s.......1925, AAO §102
Extern 6s.................. 1923, JAD
Mexican Central, 4 g ... 1911, JAJ ct 45*
1st consol.incomes, 2 g, non-cum.
9
2d consol, incomes, 3s, non-cum.
7
|N. Y . A N.Eng,, 1st, 7s, 1905, JAJ
109
lstin o r t. 6s................ 1905, JAJ §102 103%
2d m ort. 6s............... 1902, FAA
95
100
Ogden. A L .C .,C on.6a...l920,A A O
Inc. 6 s..................................... 1920
Rutland, 1st, 6s........... 1902. MAN i
107
; 2d, 5s.................. ........1898,FAA 1
B o n d s .—P h ilad el ih ia
Allegheny Val.,7 3-10s, 1896, JAJ 105 106
Atlantic City 1st 5s, g., 1919, MAN 10134 102%
Belvidere Del., 1st, 6 s.. 1902, JAD 109
115
Catawissa, M., 7 s........1900, FAA
Clearfield A Jeff., 1st, 6s. 1927, JAJ
Connecting, 6 s........ 1900-04, MAS
120
Del. A B ’d B r’k, 1st, 7s. 1905, FAA
Easton A Am. lstM .,5s. 1920, MAN
Elmir. A Wilm., 1st, 6s. 1910, JA J.
100
II u nt . A E r d T op, Con. 5s. ’95, A AO
Lehigh Nav. 4% s......... 1914, Q—J 105%
2d 6s, g old ................. 1897, JAD 106
101
General m ort. 4%s, g_1924,Q—F
Lehigh Valley, 1st 6 s... 1898, JAD 105%
2d 7 s ............................ 1910, MAS 129
125
Consol. 6 ......................1923, JAD
North Penn. 1st, 7 s ....1 8 9 6 , MAN
Gen. M. 7 s................... 1903, JAJ 105
125%
Pennsylvania g en. 6s, r.,1910, Var
118
Consol. 6s, c
............1905. Vr.r
Consol. 5s, r ..................1919, Var i l 3 %
Collat. Tr. 4% g ..........1913, JAD
122
Pa, A N. Y. C aD a l,7s...l9 06,J A D
Pa. A N. Y. CiA., con. 5s. 1939. AAO

QiJney Mining...........
««
25
91
92
Tamarack Mining___
«
25 125
Thom.Europ.E.Weldff
44
lo o
United Gas Impt.
(Phil.)..
53
54
Water Power..............(boston) l i o o
1%
U Unlisted.
§ And accrued interest.
1 Lest price this week

Sales
o f the
Week,
Shares.

B onds.

134% Feb.
104% Jan.
212 Jan.
34% Jan.
12 Jan.
320 Jan.
72% Jan.
65 Apr.
50% Jan.
114% Jan.
119 Jan.
26% Feb.
54% Feb.
61% Jan.
11% Jan.
18 Jan.

16
14
27
13
18
24
6
6
26
14
14
21
23
3
3
3
6
12
9
27
6
28
16
17
13
23
6
6
6
27
16
2
8
12
27
13
24
6
19
27
16
17
21
18
10
16
16
18
20
2
20
23
4

Bid. Ask.

Perkiomen, 1st ser .,5 s .l9 1 3 , Q—J
Phila. A Erie gen. M. 5g.,1920, AAO
'113%
Gen. m ort., 4 g .......... 1920, AAO
101
Phila A Read, new 4 g., 1958, JAJ
62% 62%
23% 24
1st pref. incom e, 5 g, 1958, Feb 1
2d pref. incom e, 5 g, 1958, Feb. 1 16% 17
3d pref. incom e, 5 g , 1958, Feb. 1 13% 13%
2d, 7s............................ 1893, AAO
Consol, m ort. 7s.........1911, JAD
123%
Consol, m ort. 6 g .........1911, JAD
Im provem entM . 6 g., 1S97, AAO 101 102
Con. M.,5 g.,8tainped,1922,MAN
94
Phil. Read. A N. E. 4 s ............ 1942
Incom es, series a .................. 1952
Incom es, series B ..................1952
Phil. Wilm. A Balt., 4 s. 1917, AAO
98
Pitts. C. A St. L., 7a....1 9 0 0 , FAA
111%
P o’keepsie Bridge, 6 g.1936, F A A
Schuyl.R.E.Side,1st 5 g.1935, JAD 106
Steuben. A Ind., 1st m.,5s. 1914, J A J
United N. J., 6 g ............ 1894, AAO 102
Warren A Frank.,1st,7s,1896,FAA
. B o n d s .—B a lt im o r e .
Atlanta A Chari., 1st 7s, 1907, JAJ n o * .
Incom e 6s................... 1900, AAO
Baltimore Belt, 1st, 5s. 1990, MAN
Baltimore A Ohio 4g ., 1935, AAO
97%
Pitts. A Conn., 5 g ...l9 2 5 , FAA
Staten Island, 2d, 5 g.1926, JAJ
Bal.AOhio S. W .,lst,4% g.l990, JAJ l o l %
C apeF.AYad.,Ser.A.,6g.l9 L6, JAD
Series B., 6 g ................ 1916, JAD
Series C., 6 g ................1916, JAD
Cent. Ohio, 4% g .......................1930,MAS
Chari. Col.AAug. 1st 7 s .1895, JAJ
96
Ga. Car. A Nor. 1st 5 g ..l9 2 9 , JAJ
North. Cent. 6s................ 1900, JAJ 109%
6s.................................... 1904, JAJ 110
Series A , 5s...................1926, JAJ 107
4 % s .............................. 1925, AAO 107
Piedm .A Cum .,1st, 5 g . 1911, FA A
Pitts. A Connells. 1st 7s. 1898, JAJ 103
Virginia M id., 1st 6 s ...1 906, MAS 110
2d Series, 6 s................. 1911 MAS 110
3d Series, 6 s................1916, MAS
4th Series, 3-4-5s....... 1921, MAS
5th Series, 5 s.............. 1926, MAS 96
West V a L. A x». 1st, 6 g .1911, JA J 102
West’s. N.C. Consol. 6 g .i9 1 4 , JAJ
80
Wilm. Col. A Aug., 6 s.. 1910, JAD 110*,
MISCELLANEOUS.
Baltimore—City H all 6s .1900, Q—J
Funding 6 s................... 1900, Q—J
West Maryl’d RR. 6 s ..1902, JAJ 110%
Water 5 s................................1916,MAN
115
Funding 5 s.............................1916,MAN
E xchange 3% s.............1930, JAJ
99
Virginia (State) 3s, new . 1932, JAJ
65%
Chesapeake Gas, 6s....... 1900, JAD 103
Consol. Gas, 6 s .--.• .....1 9 1 0 , JA D 103%
5 s .................................... 1939, JA J
97
Enuitable G as.fi*------- a * '*
106%

112
98*2
102
90
85
97*4
90
110

no**

107%
107%
106%
110%
112
98
103

112
117
9958
66%
104
109
98

THE CHRONICLE,

A ugust 5, 1893.]

218

NEW YORK STOCK EXCHANGE I*RICES (Contiuued.A-—ACT/CS B O N D S
Clot'Jig Range (sales) in 1893.
R r n a .n n a n l> MliCEl- BONDS. Inler’tl Price
Period. ':A tig. 4
Lowest.
Highest.

AUGUST

4,

AND FOR YEAR

1893.

Closing Range (saJesJ in 1393.
R ailroad and M iscel . B oros . Inter'*). Price
Period, Aug. 4,
Lowest.
Highest.

Pan of Mo.—Sd e r ten. 5s. 193s J •& J 106 a 103% July 108% Jan.
101 Aug. 114% Jan.
Amer. Cotton Oil, deb., 8 g.1900 Q—F
Mobile & O U o -S e w , 6 g ..l9 2 7 J A D 105 b. 09 J une 115% A pr
337g Feb.
ALTop.AS.F.—10Q -yr„4g.l9 89 J A J
63% Julv
General mortgage, 4 s ...1 938 -M & 8 45%b. 4 4 July
29
July
57%
Jan.
63 Jan.
2d2% -4s. *., Cl. “ A” . . -.1 9 8 9 'A A O
Naab. Cb. & 3 c L —1st, 76.1913 J A J 1 1 9 b. 120 Julv s30 Jan,
50 May
57 Jan.
IOO-ye*r uitsoaie,5 st----- 1989: sept.
101% May 105 Feb,
Con., 5 g ........................... 1928 A & O
53 Altg. 71% Jan.
At!. & Fate—Guar, 4 g ---- 1937,.............
N .r .Cent.—Debt E it „ 4 s .lS 0 5 31 & NTOO b. 99 Juue 03 Mar.
5 May
W.D. W 0..6S...................... 1 9 U -J A J
11% Jan.
100 Aug 120% Mar. i 1st, cou p on ,7s.............. ..1 903 J & J;U 5 % b. 116 July 124 Feb.
B rook!’n Elevat'd 1 at. 6. g . 1924 A * O 105
Deben., os, coup., 1 8 84.. 1904 M A 81100 b. 103 Ail*. >08% Jan.
99 Julv- 107% Feb.
Can. South.—1st g n a r„ 5s 1908 J A J .0 0
115 May 119% Feb.
N. V. & Harlem—7s. reg. 1900 M A N 115
2.1.58............... ..................1913 M A S j'9 7
93 Jlll.V 103% Jan.
b. 50 May
i B. W. A Ogd.—Con., 5 b.. 1922 A * O jluo a. 103 July U o Feb.
70% Jan.
Cent. Ga.—8. A W. 1st cou.bS, 2 9 ............ '3 8
SJ% Afss. 99% Feb.
112 b. . 12 July 116 Mar.
N. Y. Cblo. A St. L .—4 g .. .1937 A A O 90
C entra!of X. J .—C on s.,"*. 189s Q—J
N. Y. Elevated—7e....... . 1906 J A J:108% 105 July 111% Jan.
113 May 122 Feb.
Cou»oL, 7 s ..........................1*0*'.’U A X
General mortgage, 5 * ..1 9 3 7 .1 ,v J 104
119 Aug. 131 Feb.
N. Y. Lack. A W.—1st, 6 s ..1921 J A
102 Aug. 112% Apr.
107 J u n e , 114 Jan.
103 July 110 Jan.
I^b.&W JB.,oon.,77,a»M .1900 Q -M 103
i Construotlon, 5e.............. 1923 P A A
123 Juue! 39% Jan.
S.V.UK.A V V .-l ........
1920 M A 6
90 July 100 Apr.
do, m ortgage, ft*.........1912 M & X 90
122 Jan. 125 Feb.
Long Dock Cousol.,6 g . . . 1935 A AO*
lo o
Am. Dock A Imp.. 5e___1 9 2l:J A J '103
a u k . 109% Feb.
53 July 105 Feb.
Centra! Paclfl<y-Gold,6a.. 180S J a J 100 b. 105 Julv 109% Jan.
77 ■■onsci., 6 V.......... . — !9bi* J A D
7*% July
S. Y. O. & W.—R ef. 4 ), g.. 19112 M A 8
Che*. A Ohio—M ore, 6
’• & o t i l b. 111% July 118 Feb.
86% Feb.
101%
Aug. 108% Jan.
J
A
D
Consol.
1st,
5
g
................
1939
106
Feb.
lo t eon«o!.,5 g................1939 M A .S' 94
91% I n ly
98 July 107% Mar.
N.Y.ciin.AW. 1 - t r e f, 5 g.1937 J A J
65Ta Aug. 85% Feb.
Gen. «% *, g . . . ................. 1992 M A 8 ee
ill
July 120% Mar.
75 A 74 July
Mldland o f N. J.. 6 * ....1 9 1 0 A A O
82% Feb.
K. A A.DlT., 1st oob.,2-4 g. 1989 J &
813) May
Til a. 77 Jan,
S o r t A W.—100-year/5 *.1990 J A J
90 Jan.
90 Feb.
do 24 eon., * g . . ,1989 J A
80 July
112*8 108% July 121 % Apr.
Md.&W'aab. D iv.-lst.ft g.1941 J A J
O d e . B a r t A Q .-C o n .,7 ».1 9 u . j &
91 Jan.
JO'% July a s
Sortb.Pao.—la t.c o u p .,€ g .l9 2 l J A J
r i - 88 J uly *02% Jan.
D ebenture,5*.................1 913 M ,fc
Feb.
100 All*. 115 Feb.
91 b 89% July 104% Jan.
General, 2d, coup., 6 *..1 933 A A O
Convertible 5*..................1903:11 &
Sti b. 88 June 91% Jan.
85 July 108 Feb.
General, 34, coup., 6 g .,19 37 J A O
D enver D ivision,4»....... 1 8 2 s if &
82 b. 83 July
39% July
Consol, snort..5 * .............1989 J A l>
71 Feb.
Nebraska Extension, i s . 1027 M ,v
SB% Jan.
Cllle. A E. U i .- l e t ,* .!.,6 « .ls ./: J A D'iOS ». 1 1 1 % June 110 Apr.
93 J line 95 Ju ly
COL U,
>. :• 'te tl-. . . I -!>' M A X
C onsol.,6g................. ....1 9 3 * > A o .......... 118 May 123% Mar.
CMC. & S. P .- l a t , 5 *.,.19-10 A A O; 53%
5o July 1 ot'T,
, 1>.
- 0 % Feb.
General consol, l e t ,ft*,. 1931 id. x # 1*5% a. 94% July 103 Apr.
R'urth. Pao. A M oa .—6 g ...l 9 3 8 M A 8 t>2%a, 79% May ' 39% Feb.
Chicago A Erie—le t. 4-5 g . 1982 M A S s »
Sortb.
Pae.
Ter.
Co.—6
*..1
933
J
A
Jj
93
a.
93
July
101
Feb.
87 July 103% Feb.
OMuAMI**.—C0tt*.*.f..7«. 1898 1 a j ; ............ 108% J ime 112 Feb.
20 July
Incom e, 5n.......................1931, >>.!'b-r 28
44% Jan.
Consol., 7*.........................139- J A J.103
103 Aug U O % Mar.
Chic. Ga* L. A C .—1st, 5 s. 1937-J A _J 75
74 Aug. 92% Feb.
Ctite. Mil. A 8t. P. - C o n .7 *. 19')- ‘.1 A J 117 Hb. 120 Juiy 129 Apr.
Aug. i 109 Jau.
■ losou ; iprii—1st, C g . . . 1921 .1 A D) 100 a. 101
General
mort.,
4
g
..........
1921
M
A
S
f|
40
b.
42 All*. 64 Jan.
1st. Southwest D ir.. 6S.1.909U A J ill)', b. 10*% JOte 114% Apr.
U l.8 o .M ln . Lb v., 0*-----191b A A J 108% lO'i .MKT. 116% Feb.
-Omskn % St. Louse—4 * ..1937 J A j ; ........... CO Feb.
08 Jan.
lM ,C b.A P ao,W .l)ir„ 58.1921 Ll A J:lU5
Oregon 1 tun. Co. - 1st, 6 g . 1910 J A D, 96
05 July 105 Feb.
103 Aug. *12 May
Chle. A Mo. Hlr. Div., 5». 1920a A J 99 a. 100 July 105 Apr,
38 July
Consul., 5 * ................ ....1 9 8 9 A A O 13%
67 Feb.
Wle. A Minn. Div., 5 g .. 1921*1 A j ; 99 ». 99 Julv 108 Apr. | Ore.lt.A S a v .C o .-l8 t .0 g . 1909 J A J IOO
99% Aug. 112 Mar,
Consol.. 5 * .........................1925 ,1 A D *85 a. 86 vi Juno 94% Feb.
Terminal, 5 g ...................1914 f v J 1"0
9s July 109 June
0 O U .M .,* * ., aeries A . . . 19 89 J A J 37 b. SS July
95 Apr. i iVun-ylvasiia - I). g ____ 1943 M A N . ........ 102% July
103 July
MIL&Nfor.—1*1,eon .,6». 191,3 j A 1» 100
101 A tig. 115 Feb. i iFa. CO. -4 % « ., cou p on ___1921 I A J 104 b.|l02 July 110 % Apr.
Cblo.A X, W. —C on ed ., 7a.. 191 5
y - iS2J%a. ISO June 138 Jan. j ;Peo. Doe. A Kr.umv. - 0 g . . !920 J A J ’ , .
100% May 104 Mar.
Coupon, gold, t * ..............1*02 J A D 111 o. i n
July 1.23 Mar. 1 ErUMTllle Div., f i g . . . . 1920 M A S 05 11/ 89 July 105 Feb.
BUkltig fitod.S*..............19* \ A o l i b b. 108 July 115 Fe a. j
24 snort .ft * ........
1926 M A X 00 a. 5 o Aug. 72 Feb.
00 July
Blnklug fund,A m.............. 1929 A *
•.«)*
101 July too Jan. i ! Pblla * K ead .-G en ., 4 g . 1958 J A J 02%
85% Jan,
Staking fund tebeB .,5*.l fJ.i vs * >* I04%ii, W 4% July U 2 Feb, t
1st prof, luoome. 5 g ....... 1953 Feb.
21
20 July
76% Jan.
SS-year debenture,5 . . . W J k v i a } * ! .,........ 100 Jane 100% Mar. ! ’ 2d prof, lnooioe, 5 g ___ .1958
70 Jan.
Feb.
iu% b. 17% July
Extension, 4*.................. W W f A * t n k 91 July
3dpret. Income. 5 g ....... 1958
Feb.
13 t). 1 1 July
98 Jan.
6 2 % .Tan.
Chle. Poo. A St. Lout*—*. <. 19*3 M A s 'I'M i 95 June 100 Mar, j 1Plttebu rk A Weetero - 4 g . 1917 J A J 77
70% Aug. 88 Apr.
Cblo. H.I. A Pats.—pa,eon|*. 1917 .1 A J l t U i 111 July 125 Jan.
Rich A Dan*.—Con., 0 g ..lO t * J A J 103
102% Aug. 111 Fob.
Extension and eoS.,5*/. .1934 I A Jl »0«*
07 Jan.
78% Mar.
Consol. ,5 * ...........
1936 A A Oil 70
J aly 101% F. n.
30-year debent. 5»......... .1 9 3 ! M A Si H7%:>. 89% Jafy
154% Jane *3% Feb.
87% F .:> i Rle6,AW.P. Ter.-Trust,Og. 1997 F A A 1 50
CMC. at. P. ft!. A<A—
19» » i a i ) !u a % » 112 Jn.y 123 Star. ■ Con. l* t A 0 « L tt H * t ,5 g .l9 1 4 M A «:t 2.1% a i ;
Julv
52 Feb.
Cleveland A Can Ion—5... . 191“ J A J S5% Jtin- 02% Apr. : R!s ti. Western - 1st. 4 *..1031) I A J' o t
UO All*. ts Feb.
C. 0 . V, A I.—C oow l., 7 g . I .<1 4 I A D -it. Jo. A Or. Island—8 g . . t92ft M A S SO 1 83 June 90 Jan.
119 Mar HO May
General oon«o... 8 g ____193 4 J A J
3 L i Iron Ml. l i t M L 3«.”)7 F A A 11 a
95 Aug. 103% Jan.
U S Juno 122% Feb.
G.C.G.A84.L. -P e o .A E.i«.tW 4o,A & o no
24, 7 g .................................1897 M A ft IOO a, 101% J.U, I i09 Apr.
7:) 7.:.,
80 Aug
Incom e, 4«....................... .193! •April;
15
Cairo Ark. A Texas, 7 * .. 1897
94
nin e! 104 % Mar.
14 July
#8% Jan. i
111)
C el.Coat 4 Iron —« g ........ 1 •.«>•• y je A 93
: Gon.R*y A la n d * r .,5 g .. 1331
75 a. 76% July 1 90% Jan.
95 Aug. 106 Jan.
Cot. Midland—C«u., 4 * . . I S i k p a \ 40
3 t . L 4 i » o F r .-B g „a .B .1 9 i> ii At A
100 b. 101 July 114 % Apr.
«9T» A M . 87 Jan.
CWJB.VW.ATuL—t » n „ ft f.l9 3 J
A - 77
e R .,d M t a ..................... 1006 m a
114% Apr.
75 a h 100 b. 101
94% Jan. ,
G eneral.Gg...................... tiW-CJ A l» 78
Geuera! morL, 0 g .......... 1931 J A J * m b. too
1 1 1 % Apr.
85 July 89 Apr.
Denver A f t l o G .- l«t.7 g.UMMPvi A m .......
51 Julv
08 Apr.
12 July 110 Apr. 1 3t. 1 .8 o .W o * t .-l* t ,4 * .g ..l9 8 » Al A S 55
1st consol., 4 $ .................l W i k I A J 73
71 Juiy
98% I ell. 1 24.4v.gr.,in c o m e ............ 1089 J A
14%b. 12 July
28% Fob.
D e t B. (M r A * Ypena—8 g. 1 n 1., i i ,r Ji •80
V.F/M.AM.—Dnk Ex., 0 g .l j l o M A
113 J mm 119% Apr.
05 Jft»74 Jan.
"
D ec Mae.AM. -U d g ra o M .litli \ a- 0 22
t). 1 11 % July 123% Mar.
l*t i>oti«oL, 6 g ..................1033 J A
20 j # » e 40 Juu }
m
D al. Bo. 8b. A Atl . —. 1 9 3 7 j * J !)?%*.
do
reduced to 4 % * .. J A
*100 s* US % AUg. 103% Apr.
July 103 Apr.
K.Tenn.V A G .—C o n .,5 g . lu>. vj a- h 85
A
MoatanaExtetseion, 4 g.ll*37
! t? July 94 Apr, ,
37 b. 87 June 91 Jan.
K noxville A Oblo,
A
70 Mar.
07 July
. J8i (8. .. ...U19*5
l t | j a- J : M
a-* 97% July 104% Feb. ! San A. A k ta u . F .—1*1,0*.1910
B U a ,'| j«r,A B W »a a ..-5 g .l9 0 2 !y i * s' £»■) a., » a July 101 Feb, ■ U t , l i « ................
A
1326
70 Mar
04 a. 08 3 * 0 .
i t . W .* D e D V .C lty -« g ..lM g i i * p 71%
67 July 101 Apr. ; s o a t U o l.S .A E .-U t .g s .u . 1931 F A A 40 b. 50 July
92% Jam
ti»L U .A 8.A n .-M .A P .D :v»|.»g.;sf * » i ....... . j 94
..
93 Apr.
M »y
97% Feb. ! See'ty O w p (N.ConLl lstcon .0*. M A X 75 llu 70 MayH a n .* 8 C Jo*.—Gone.. 6*.191i ':vi a * • ...........110
98 a. 105 May 100 Fob.
July 117% Feb. -80. Car.—1*4,0 g .,e r coup. 1920
Motie.ATex.C.—Gen. 4*. g. 19211,4 ,% q 5 9 T* k 80 Aug. 70 Jan. 1 80. P a r..A ru . 0 * ........ 1909-10
A J
07 Apr. iu0% Jan.
m ia o u cen tra !—4 g ...........1 9 5 f ? *
500
A O
8.0. P «d fle,O n l.~ 0 * ....1 9 0 5 12
100% July 105 Mar.
113 May 115 Feb,
ln t.A G l.S o .—lA tjb g .tilx .rlO liiii A 5si 100%b.s 100
A O 94 a. 93 Apr.
l i t , eonaoL,gold. 5 g .,.,1 9 3 8
97% Jan.
‘ "
Ju ly 113 Apr.
2d 4%-S»........................ 18-«: t| A S 53
b. &0 July 72% Feb. ■ iso.F aotac.S . M. - 0 g . ........ 1911
A J
101% July 105% Feb.
lo w * Central—1*5,5*....... 1 9 3 -1 *
r. 7 «
b. 72 July
r-na.C .1. A K y .-T e n .l).,lv !.6 *
A O •75 a 75 Aug. 95 Feb.
90 Feb.
KeaHtakyCeotrai—4 * — 19*; j * j »s% a. 93 July
A .1
Blrtu. Div., 0 g .................. 1917
b. 70 Julv
95 % Jan,
87 Apr.
A in g*C o. Ki.—1st,5 f . „ . 1 9 2 5 ; j 4 j 0 2%a. 92% July 103% Feb.
Tex. A P a c.-U S . 5 * ........... 2000
A D 63
5l) J uly
81 Jan.
L acledeG a»—1*1,» g .........1919 Q _ r ! 72
siarob.
2d,
Ineotne.
5
g
..................2000
70% Aug. 87% Jws.
29% Jan.
15 a. 13 July
J U M M leA W e e C —A * ....1 » 3 7 ;J * * J U T
r.il. A. A. A S . M . - 8 g ....... 1U*I M A S
i08%.Jaa.
103 Jan
113 Feb.
08% J a n . ...............
L. Saorw—Con.ejp., I* :,? * .l* -,» J * J U .% b .'i l 3 July l l u Jan.
l ot. A Oblo Cent.- 5 g....... 1935 J A J 102 b. 102% May 100 Apr,
C on*o_l.eoup„2d,7».. . . . 180a fj A U iU lS a.1116 July 122% Jvu.
Tub Pen. A West. —4 1 9 1 7 J A J OS b. 72% July
81 Jun.
P ons 1*1 d —l» t ,o o it ..5 * . i s ) i
j m i a. i l l
tol. at. L. A Kan. 0 . - 0 g .. 1910 J A i;
1 %.1. 53 Aug. 90% Jan.
A t e . ;116% Fell.
G en era lm ortgase,* * ..1 9 4 - 3 a I) 89 b. *0 J Illy * 96 Jan,
(Job
n Pvusmo—8
g .......... ...1 8 9 9 J A Ji'lO O b, 101 J ul v . 10% Jan,
..............
. -----------------------iMOl*. A BUB.—OMM%
1.. 5 _____
v .le .i- \ a o j 105 b. .....
1 0 ' J u nr. 113 Jan.
8 nk urfn nd.S s...............1893 M A S J 03 a. 101 Mar. i 05% Fob.
4>,C. * M o b . le t, 0 * ....... itM j
J 11.1 %b 116% Juiy 123% 1pr,
CtIlk*, (m e t 4 * . ............. 191s; M A S
,0 b. 48 July
73% Jam
do.
2 d ,o * . ....... to,
j
GuW 6*. c»L trtwt o « l« v . ISMtiF A A .■ - 1 b. a A Aug. i02% Jau.
J 101 *. 100 July 110 F
C e n t a l ,« « ...................... 19.*1 >j
S»i>. Fac -D ea .D lT .-8 g ,1 8 9 9 M A S 109
B i* lW k !J # 7 July 113** Apr.
109 Aug. i!3 % Apr.
(Jaiileu, 4 * ..................... 1941 I
lM eouvol.,0 « ...............4•.», • 4 A S
78 a .1 75 July
83% Feb. i
07
97 Aug. 1 12 % Apr.
b a a b .F i.A -b .—1let gtd.5 g ,v ;T) y
Oregon Short L ioe—s
. 19 2 . - f A A 83%
OS b. 83 June 101 Mar. ;
83% Au*. 109 Jan.
Goat*. I . A, A C b.—1st, <is. 1911, if
Or.S.lvAUt’ b N .-O o a .5 g .1 9 ! < 4 A 0 00 a. 60 Aug. 30% Jau.
.........(105 Juiy
111 Jam. :
Cod»<>1.,8 g ...................... 191, t
U.P.Deu.A G ulf 000. 5 *,1939 1 A D 48
fla
95 July 109 Jan.
47 Aug. 75% Jau,
Xoota. 8t. L. A T * x »»—« * .1 9 t 7 % ’ - , 1 a.' 77
July
88% Jan. i Onion Elevated -0 $ .........1937i d A X 103
100 Aug. 117% Apr.
.Metro. K l*r»t*d— l * t ,0 g .1 0 -/ - ,1
109 b .1 0 9 % Aug. 11S % F e b. ! VirglnlaMJA—Gen. to.,5*, 1930, vt A X •70 b. 77 Jan.
88 Apr.
2d , 8*............................... 1809* I A % It)I % 10!) JillV 108% Fab,
do
eUtuped g o a i. >5 A N .........
'.9 Juue 80 Apr.
Miota Cent.—l* t ,eon., 7* .. 10 *. >1 * N 1 1 1 %b. 1 1 1 July 122% Apr.
webM tt—l « t . » n...............4 9 3 9 ;a a n ; <*j %
93 July 106% Apr.
Coo*oL, 5» ........ ............ 19 • v ia m o o 6. t o o Aug, 106% Apr. i
2(1 mortgage, 5 g ___ ,...1 9 3 9 F A A 70
00 Julv
82% Jan.
M llX ek eW cA W .—1*5,6*. 1921 -,t a S I S * I .J 1 5 July 127% Jar..
Debeot. M., verie* B....... 1930 ! A J 4l% b. la July
38 Jam
i.v tco . A Imp.. 5 * .........l » a p *
A 07 %b. 101 July 109% Jan.
W **tShore-G u a r., 4a.......2 3 6 1 J A Jl 98
91 July 103% Feb.
M . K. A T .- 1 .1 4*, g .........1990 I * ti> 71% ; 70% July
82% Feb.
Wevb N. Y. A P*. - l e t , 5 « . 1937 ! A JjUiJ
105 Fob.
9 1
2 0 ,4 * ,* ............................ 1990 r A A* 80% : 57% July
2d morL, 3g .,5 «c.
A, A 0 19 b. 19 July
50% Jan.
33 Jan.
M o, Paolflo—1»% eon., 3 * . 1020 % a .V b l b. 101 June 113 Mar. 1
r A J! 90
9Ti Aug. 1106 Jan,
3*1. 7 * ...............................1906 M * S 108 sc li>?> June 115% Apr.
>1 A J *95 b. 8 J June | 92% J an.
F ac,O fH o.—l» t .e x .,4 * .1 9 3 8 p * A 93
93 Aug. 102 Jan.
______ 1!) a. 19 Julv 1 35 Feb.
EBW I1 b n Jualeatev price bid t
' price M M ; tee Range la ui »-)•> up b o a actual Bale* only. * Lalovt price tui* .to o * t fr.i it reels.
M E W Y O R K S T 4KJK E X C H A N G E I ’ R l C E S - < 11 n o d ) .- / X A C T L V E B O N D S - A U G U S T J .
0ECURITIE8.

Bid*

Ask.

BECUKtriKS.

B. * 0.—34"*. men., gold.5a.1989
J la llru a i! B o n d s ,
W. Va. A Fitts. —1st,
5*..1900
(Mack Sschnngt Prices.)
B. A 0 .8 , tV„ I'M. *., 4% *,..1990
A la b im * MUL—1st. *., guar. .1928
Montm. Rlv- r . l *1
5*...191 9
83
A.T.AS.F,— lot, M M ,l*t,*.,0S.193«
so
95 j OenCiOblo B c r . - D t , 4% ».1»30
2d. 4s, Cl,u« B .................... 1 0 ,9
Ak.A Ch.Jixnc. - 1 si,g,5ajru.l930
Atlantic A Danv.—1st g „ ft»..l{))7 .........
|Boat. H. Tun. A IV .-D eb. 5 s .1913
A ll. A Pao.—2tl W. 1).. eu, Of. 1007
......... IHrenklvo Elevated—2d, 3*5*. 1918
B G t A Ohio—1*4,0*. fa r * B 1919
Bnmaw.ek A- W n —1st, e. 4s. 1939
• • .(told
..... ........................ 1025
.............
........................
Y0 7
.......1
. intuit. B • b. A Pitta —0*n..r>», 1937
•iro 'p rio e F rid A V i'tie ie 'iu e tU e late*-, <juot*‘,ion* m ade Uua weak.

Bid.

Auk.

8ECUR1T4ES.

Bid.

*105% ......... B . K„V:F.-Hoch.
I'., 1st, 09.1021 115
K'li li. A Pitta.—Cons. 1*1,09.1922 HO
*102
8uri (>:d. Rap. A N o .—1st,5s. 1900 94
90
Consol. A eallttL trust, 6 s ...11*34 75
Minn. A St. L.—1st, 7a, *U..1927
IOO”
Iowa C. A West..—1st, Tii___1909
Ceil. Rap. 1. F. A X.. 1st, 68.1920
*
85
1st, 5 s................................. 1921
C.
OWo—0ol.ACiB.M .lst,4%s.lf>30
■«u, HR, 4 I w v . - b s l *K . tor-i"l*
82
*96%

THE CHRONICLE.

214

NEW YORK STOCK EXCHANGE PRICES.— IN A C T IV E
SECURITIES.

Bid.

Aek.

SECURITIES.

[VOL. LV1I,

BO N D S— {C o n tin u e d )— A U G U S T
Bid.

Ask.

SECURITIES.

4.
Bid.

A b>*

Northern P acific—( Coyitinued.)
E.&T.H.—Mt. Vernon 1st 6s .1923
HelenaARedM’u—lst,g., 6s. 1937
■Mil. Co. Br. 1st, g.. 5s.......... 1930
Duluth AMauitoba—lst,g .6sl93 6
95
E v.ARich.—1st gen.5s,g.gu.l93l
Dul.AMan Dak.Div.—Ist6s.l937
Svans. A Indian.—1st, c o n s..1926
Cceur d’Alene—1st, 6s, gold. 1916
cilnt A P. Marq.—Mort., 6 s ... 1920
Gen. 1st, g., 6 s......................1938
1st con. gold, 5 s.................... 1939
Cent. Washington—1st,g..6s. 1938
Port Huron—1st, 5 s .............1939 *90
Norfolk A 8outh’ n—1st, 5s.g.l941
93
Fla. CeD A Pen.—1st g. 5 s .... 1918
Norfolk A West.—General, 6s. 1931 114
1 st con. g., 5 s ....................... 1943
New River, 1st, 6 s ................ 1932
107>i
p i Worth A R. G.—1st g., 5s.. 1928 *6ii'is
Imp. A Ext., 6s.......................1934
100
Gal. Har. A San Ant.—1st, 68.1910
Adjustment M., 7 s................ 1924
Gal. H. AS. A .—2d mort., 7 s.. 1905
Equipment, 5s....................... 1908
Mex. A Pac. Div., 2d 6s ....1 9 3 1
Clinch Vai. 1st 5s..................1957
Ga. Car. A Nor.—1st, gu. 5s, g.1929
80
RoanokeASo.—1st, gu. 5s, g.1922
Ga. So. A Fla.—1st, g. 6s......... 1927 *75
72
Scioto Vai. A N. E.—1st, 4s,.1990
75
Grand Rap. A Ind.—Gen. 5 s.. 1924
116
G. B. W. A St. P.—2d inc. tr. rects.
16
1*8* Ohio A Miss—2d consol. 7 s ... 1911
8pring.Di v.—Ist7 s................1905
Housatonic—Cons, gold 5s— 1937 100
General 5s...............................1932
N. Haven A Derby, Cons.5s..l918
Ohio River RR.—1st, 5s.......... 1936
Hous. A T . C.—W aco A N. 7S..1903 105
Gen. g .,5 s ............................... 1937
1011*
1st g., 5s (int. g td ;................1937
Oregon A Califor.—1st, 5s, g.1927
Cons. g. 6s (int. gtd ).............1912 ’**9*6’
Oreg. Ry AN av.—Col.tr. g..5s. 1919
Debent. 6s, prin. A int. gtd.1897
Pan. Sink.F’d Subsidy—6s, g. 1910
Pebont. 48, prin. A int. gtd.1897
Penn.-P.C.CASt.L.Cn.g.41*8A l940 * 99 100
Illinois Central—1st, g., 4s . ..1951
103
Do
do
Series B
1st, gold, JS^s....................... 1951
93i*
Cairo Bridge—4 s.................. 1950
P .C .A S .L .-lst,c.,7s................ 1900
Pitts. Ft. W. A C.—1st, 7 s ...1912
13*4*
Springf. Div.—Coup., 6s-----1898
Middle D iv.—Reg., 5s...........1921
2d, 7 s ...................................1912
C. St. L. A N. O.—Ten. 1., 78.1897 '106 112
3d, 7 s.................................... 1912 123
Ch.St.L.AP.—1st,con.5s,g ...1932 *100
1st, consol., 78....................1897 ‘ 106 112
Clev. A P.—Cons., s. fd., 78.1900
2d, 6s................................... 1907
Gold, 5s, co u p o n ................ 1951
115
Gen. 4*ss, g., “ A” .............1942
Memp. D iv., ls t g . 4 s........1951
St. L .V .A T . H.—1st, 6s., 7s. 1897
Dub. A S. C.—2d Div., 7s ...1 8 9 4
2d, 7s.................................... 1898
Ced. Falls A Minn.—1st,7s.. 1907 *92 100
2d, guar., 7s........................ 1898
lnd. D. A Spr.—1st 7s, ex. ep.1906
G d.R .A I.E xt.—1st,4!*s,G.g. 1941
Ind.D.&W.—1st 5s. g.,tr.reo.. 1947
Peo.AE .-Ind.B .A W .-lst,pf.78.1900
95
2d, 5s, gold, trust receipts.. 1948
Ohio Ind.AW.—Is tp r e f.5 s ..l9 3 8
Inc. M. bonds, trust r e ce ip ts---Peoria A Pek. Union—1st, 6s .1921 ido*
72
Ind. Ills. A Iowa.—1st, g, 4s. 1939
2d m ortg., 4 1*s.......................1921
81
Int. AG. N’n—1st,6s.g...............1919
Pitts. Cleve. A Tol.—1st, 6 s... 1922
Kings Co.- F.E l.,lst,5,g.,gu. A. 1929
85
Pitts. A L. Er.—2d g. 5s, “ A ” . 1928
97
Lake Erie A West.—2d g., 58.1941
Pitts. Me. K. A Y.—1st 6s...... 1932
L. 8. A M. So.—B. AE.—New 7 s.’98 105
Pitts. Painsv. A F.—1st, 5 s ... 1916
Det. M. A T.—1st, 7s............ 1906
Pitts. Shen. A L. E.—Ist.g .,5 s.l9 4 0
8 2 ^ 90
Lake Shore—Div. bonds, 7s . 1899 105*
Pitts A West —M. 5s, g 1891-1941
Kal. A ll. A G. R.—1st gu. 5S.1938
Pitts.Y’gst’ nAA.—1st, 5s,con. 1927
Mahon’g Coal RR .—1st, 5s. 1934
Pres. A Arlz. Cent.—1st, 6s, g.1916
96
LehighV.,N.Y.—1st gu.g.41*8.1940
2d incom e 6 s.......................... 1916
103
Lehigh V.Term.—1st gu 5s,g. 1941
Rich. A Dan v.—Debenture 6s. 1927
90
100
1dtclif. Car.A West,- 1 s t 6s. g. 1916
Equip. M. s. f., g., 5s.............1909
Long Island—1st, 7 s ................1898 110 113
Ata. A Char.—1st, pref., 7 s.. 1897
N. Y. A R ’way B.—1st, g. 58.1927
do.
Incom e, 6 s ..-.1900
53
Wash.O.AWL—lst,4s,gu.cy.,1924
2d m ortg., ino....................1927
N .Y .A M am B each.-lst, 7s, 1897
Rio Gr. June.—1st, gu., g., 5s.l938
N.Y.B.&M.B.—1st con. 5s,g. 1935
R io Graude So.—1st, g., 5 s ... 1940
B rookl’nAMontauk—1st,6s. 1911
St. Jos.
Gr. Is.—2d iu c.........1925
1st 5s . . . . . . . . . . . . . . . . . . . . 1 9 1 1
Kan. C. A Omaha—1st, 5 s.. 1927
95 100
Louis.Evans.ASt. L.—Con.5s.1939
70
8t. L. A. A T.H—2d pref. 7 s.. 1894
95
Louis. A Nash.—Cecil. Br. 7s.. 1907
2d m. inc. 7s............................1894
E. H. A Nash.—1st 6s, g . . . . l 9 l 9
Dividend bonds..................... 1894
Pensacola Division, 6s.........1920
110
Bellev. A So. 111.—1st, 8 s ...i8 9 6
iio"
St. Louis Division, 1st, 6 s... 1921 112
Beilev. A Car.—1st, 6s......... 1923
Chi.St.L.APad.—1st,gd.g.Ss 1917
2d, 3s...................................1980 *60
99
Leb. Branch Extension .. .1893
St. Louis So.—1st, gd. g. 48.1931 *78
83”
do
2d in com e,5s. 1931
Nashv. A Decatur—1st,7 s.. 1900
116
*50
Car. A Shaw t.—1st g. 4s-----1932
S. f.,6s.—S. A N. Ala............. 1910
10-40, gold, 6s......................1924
St. L. A S. F —2d 6s,g., cl. A . 1906 1*00*
50 year 5s, g .,........................1937
95
Equip., 7 s ............................. 1895
Pens. A A t .- 1st, 6s, g o ld ... 1921 1011*
General 5s............................... 1931 *80*
Collat. trust, 5s, g ................1931
1st, trust, gold, 5s..................1987
85
Lou.N. Alb. ACh.—Gen.m.g.5s. 1940
Consol, guar., 4 s ................... 1990
60
55
65
Manhattan R y.—Cons. 4s.......1990
Kan. City A 8.—1st, 6s, g ...l 9 1 6
96
Manito.S. W.Coloniza’n—5s ,g. 1934
Ft. S. A V. B. Bg. -1 s t, 6 s ... 1910
95
100
Memphis A Chari.—6s, g old .. 1924
Kansas Midland—1st, 4s, g.1937
1st con. Tenn lien, 7s.......... 1915
St. Paul A Duluth—1st, 5s-----1931
Mexican Cent. Consol.—4s, g.1911
2d mortgage 5s.......................1917
98 100
1st, cons, income 3s, g........ 1939
St, Paul iSliuu A M.—1st, 7 s.. 1909 105
Mexican National—1st, g., 6s. 1927
2d mort., 6 s..............................1909 112
2d, income, 6s, “ A” .............. 1917
Mmneap. Union—1st, 6s-----1922
2a, iucoine, 6s, “ B ” .............1917
Mont. Cen.—1st, guar., 6 s.. 1937
Michigan Central—6s............. 1909
1st guar. g. 5 s.........................1937
100
Coupon, 5s.............................. 1931 103
East. Mmu., 1st div. 1st 5s. 1908 100
Mortgage 4 s.......................... 1940
Sau Frau. A N. P.—1st, g., 5s. 1919
95
98
Bat.C. AStrgis.—lst,3s,g.gu. 19 59
South Carolina—2d, 6 s.......... 1931
98
Mil. L. 8.AW.—Conv. deb., 58.1907
Incom e, 6s..............................1931
Mich. Div., 1st, 6s................. 1924 110
So. Pac. Coast—1st, guar.,4s. 1937
rer.RR .A s’n of S t.L .-ls t,4 i*s.l9 3 9
Ashland Division—1st, 6s ..1925
*97”
Incom es..... .....................................
Texas Central—1st,s. f., 7 s ... 1909
Minn.A St. L.—1st, g. 7s.........1927
1st mortgage, 7s....................1911
97i*
Iow a Extension, 1st, 7s.......1909
Texas A N ew Orleans—ls t,7 s .1905
90
107”
2d mortg., 7s..........................1891
Sabine Division, 1st, 6s....... 1912 100
80
Southwest E xt.—1st, 7s.......1910 110
Third Avenue (N. Y).—1st 5s, 1937 107
Pacific E xt.—1st, 6 s ............1921
Tol. A. A. A Cad.—6 s................1917
90
Impr. A equipment , 6s........ 1922
Toledo A. A. cVG’d T r —g. 68.1921
102
Minn. A Pac.—1st mortg., 5s. 1936
Tol. A. A.
Mt. Pi.—6s.......... 1919
Tol. A A. A N. M.—5s, g........ 1940
Minn.St. P.AS.8.M—1st c.g.4s.1936
M o.K.AT.—K.C.AP., Ist,4 s,g .l9 9 0
T. a-O .G —K au .A M ., Mort. 4s. 1990
70
Dal. A Waco—1st, 5s, gu ..,.194 0
Ulster A Dei.—1st, corn,6.,5s. 192a
Missouri Pacific—Trust 5 s ... 1917
Uuiou Pacific—1st, 6s............. 189o 102
1st colL, 58, g ........................ 1920
1st, 6s...................................... 1897 102
St L.A1. M .-A rk.B r.,lst,7s.l89 5
1st, 6 s.................................... 189s 102 102*a
9 5 1*
Mobile A Ohio—1st ext., 6 s... 1927
Collateral Trust, 6 s..............190a
St. L. A Cairo—4s, guar.......1931 *80
Collateral Trust, 5 s.............. 190/
Morgan’s La. A T.—1st, 6s___192u
Kausas Pacific—1st 6s, g ...l 8 9 5
112
1st, 7e.......................................191c
1st, 6s, g .............................. 1890 TOO
Nash. Chat. A 81. L.—2d, 6s.. 1901
C. Br. U. P .—F. c., 7 s.......... 1895
1*1*6*
N. O. A. No. E. -Pr. 1., g., 6 s..1915
Atch. Col. A Pac.—1st, 6 s... 1905
60
66
Ateli. J. Co. A W.—1st, 6 s... 1905
N. Y. Central.—Deb. g. 4s___1905 100
N. J. June—Guar. 1st, 4 s ... 1986
U. P. Lin. A Col.—1st,g .,5s. 191a
Beech Creek—1st, gold, 4s.. 1936 *98* 100
Oreg.S.L.A U .N .,coi.trst.,5s.l9l9
Utafi A North.—1st, 7s........ 190a
Osw. A Rome—2d, os, g.,gu. 1915
lo 7
Utica A Bi. Kiv. -4 s, g., gu.1922
Gold, 5 s...... ...................... 1926
N. Y. N. H. A H.—1st, re* 4s. 190o
Utah Southern—Gen., 7 s ... 1909
95 103
N. Y. A Northern—1st, g
1927
Extern, 1st, 7 s...................1909
106
92^2
2d, 4 s........................................1.027
Valley R ’y Co. o f O.—Con. 68.1921
N. Y. Susq. A West.—2d, 4 ^ 8 .1937
Wabash—Debenture, Ser. A .. 1939
Gen. mort., 5s, g ................. 1940
No. Missouri—1st, 7 s.......... 1895
83
88
98
LOO
N. Y. Tex. A Mex.—ls t,4 s ,g u .ld n
St.L.K.O.AN.—R .E .A R R .7s.l895
105
St.Charles Br’ge—1st,6s... 190* 10*5
North’ n Pacinc—Divid’d scrip ex i.
James River Vai.—1st, 6 s...193c
West. Va. C. A Pitts.—1st, 6s. 1911
Spokane A Pal.—1st, 6s.......1936
Wheel.JcL.E.—1st. 5s, g o ld ...l9 2 b
St.Paul A N. P.—Geu., 6S..1923
Extension A Imp, g., 5s.......193t
*93
* No p r i c e i r i d a y ; t h e s e a r c til* la t e s t q u o t a t io n s m a d e th is w e e k . If o r tT lia o e iia u e o u a & C u ll* lo<1 t f o i M l « - S e e 3d oage Dreoedmg*

C. R. * B.—C bat.R .A C .gtd.g.lg87 *45
Cent. o f N. J .- C odt . <ieb., 6« 1908
Central Pacific—Gold bds, 6 b, 1895 100
Gold bondB, 6 b...................... J896 100
Gold bonds, 6 b...................... J897 100
Ban Joaqnln Br., 6 s.............. 1900 102
Mort. K0l d » « . ........................ 19^9
L»m l grant, 5*. g— ............
C. A O. Div., ext., g. 5 s....... 1918
West. Paclllc—B onde.es— 1899 ‘ 102
No. Railway (Cal.)—1st, 6 s .1907
50.year 5b ...........................1938
110
Oboe,
O.—Pur. M. fund, 68.1898
111
6s, gold, series A ....... ...........1908
Craig Valley—1st, g., 5s ..1 940
Warm 8pr. Vai.. let, g 5s.. 1941
Chee. O. Aod.W est.—let 6a, g .1911 98
2d, .......................................... ..
Oh. V .’- G en . coil. 1st. go.g,5s. 1938
Chicago A A lto n -8 . F., 6b. ..1903 110
Louis. A Mo. River—1st, 78.1900
2d ........................................1900
102
St. L. Jacks.' A Chie.—U t,78.1894
Miss.R. B r id g e -le t , e. f., es.1912
100
Ohio. Burl. A N or—1s t ,5 s ....1 9 2 6
DebentureCs. . . . . . . ---------- }8 9 «
100 102
Chic. Burling. & Q -~ 5st
Iow a Div.—Sink, fund, 5 s.. 1019
Sinking fund, 4s..................1919 88
Plain 4fl__ ______________
1921
Chic <k Indiana Coal—1st 5 s .1936
109%
Chi. MU. A St. P.—1st,8s,P.D. 1898
2d, 7 3-108, P. D.................... 1898 111
l 8 t ,7 B ,$ g :,R .D ....................1902 117 119
1st, I. & M .,7 s.......................1897 108
l i t I .& D .;7 b....................... 1899 109
le t ,C. & M .,7 s .......................1903 116
1st, I. & D. Extension, 7 b .. . 1908 115is 118
96
1st, La C. A Dav., 5s............. 1919
121
let, H. <fe D .,7 8 ..................... 1910
10m
let, H. & D .,5 s .....................1910
Chicago & Pacific Div., 63..1910 108
Mineral Point Div. 59........... 1910
O. A L. Sup. Div., 58............. 1921 .......
Fargo A South., 6s, A ssu ...l9 2 4
........
Ino. conv. sink, fund, 5 s ....1916
Dakota A Gt. 8outh., 5s---- 1916 *
101H
Mil. A Nor. main line—6 s ... 1910 104
®hlc.AN.W.—30 year deb. 5s, 1921
Escanaba A L. S. 1st, 6 s .... 1901
De» M. A Minn.—1st, 7 s ....1907
Iowa Midland—1st, 8 s......... 1900
Peninsula—1st, c o n v .,7 s ... 1898
Ohio. A MUwaukee—1st, 78.1898 ....... ........
Win. A St. P.—2d, 7 s.......... .1907
Mil. A Mad.—1st, 6s............1905
Ott. C. F. A St. P.—1st, 5 s .-1909
113is
Northern 111.—1st, 5 s........ 1910
99
Oh.Peo. ASt.L.—Con.1st,g.5s. 1939 *
0 .R.I.AP.-D.M . A F. D. 1st 48.1905
1st, 21*9............................... 1905
Extension, 4 s.................. .1905
Keokuk A Des M.—1st, 5 s.. 1923
Chicago A St. Louis—1st, 6s.. 1915
Chic. St. P. A Minn.—1st,6 s ...1918 117
St. Paul A 8. C.—1st, 6s.......1919
117
Ohio. A W. Ind.—1st, s. f., 63.1919
General mortgage, 6s.......... 1932
’11 5 ’
Ohio, A West Mich.—5s...........1921
(Dm Hhm. A D.—Con. s. f., 7s.1905
2d, gold, 4 1es..........................1937
Cm. D. & Ir’n—1st, gu. 5s, g.1941
93^
Olev. Ak. A Col.—Eq. A 2d 6s. 1930
O.C.C. A St. L., Cairo div.—4s, 1939
Bt.Lou.Div.—lstcol.te’t4s,g. 1990 *89
93
Spring. ACol. Div.—1st,g. 4s. 1940
WhlteW.Val.Div.-—lst,g. 4s. 1940
Cin.W ab.AM .Div—1st,g.4s. 1991
94*
Cin. I. St. L. A C.—1st,g.,4s. 1936 86*4
Consol ,6 s ...............................1920
Cin.8an.ACL—Con.lst,g.5s, 1928
01 Col. Cin. A lnd.—1st, 7s,s.f.l899
113
Consol, sink, fund, 7 s.......... 1914
Gleve. A Mali. V.—Gold, 5 s ... 1938
Columbia A Green.—1st,6 s ... 1916
2d, 6s.......................................1926
Del. Lack. A W .—Mort. 7e---- 1907
Syra. Bing. A N. Y.—1st, 78.1906
Morris A Essex—1st, 7s___1914 T32
Bonds, 7 s............................. 1900 105
7a of 1871........................... 1901 110
1st, con., guar., 7s.............1915 128 132
Del. & Hud. Can.—Coupon 7s,1894
U 3»4
Pa. Div., coup., 7s................ 1917
130
Albany A Susq.—lst,gu .,7 s 1906
1st, cons., guar., 6 s.......... 1906
Bens. A Bar.—1st, coup., Vs.lDJl
Denver City Cable—1st, 6 s ... 1908
98
Denv. Tramway—t ons. 6s, g.1910
98
Metropol. Ky.—lst,gu. g.bs.1911
Denv. A R. G.—Imp., g., 5 s .. . I f 2»
68
Duluth A Iron Range—1st 5s. 1937
S . Tenn. Va. A Ga.—1st, 7s.. . 1900 102
Divisional 5s.......................... 1930
1st ext., gold, 5 s ....................1937
JEq.A Imp., g .,5s.....................1938
Mobile A Birin.—l8t, g .,5 s..1937
Alabama Central—1st6 b. . . 1918 *97*4 . . . .
Brie—h.8L, extended, 7s............1897 ........ 110
2d, extended, 5s..................... 101$
8d, extended, 4^ 3..................1923 103
4th, extended, 5a................... 1920
6th, extended, 4a................... 192o
lBt, con., g., I’ d, 7 s ...............1920
Beorg., 1st lien, 6s.................1908
B. N. Y. A E.—1st, 7 s........... 1916
N. Y. L. E. A W.—Col. tr.,6s.1922
Funded coup., 5s.......... ........1969
Butt. A 8. \Y.—JVlortg. 6s___ 1908
Jellerson—1st, gu. g. 5 s ___ 19uo 100 .......
Coal A KK.—68................... .1922
E ireka Springs—1st, g., 6 s ...1933
E yane. A T.H.—1st,eons.,6s. .19211
iu *
1Bt. general, g., 5s ............... 1H421

i

THE CHRONICLE.

A ugust 5, 1893. J

itu u estm eu t

R oads .

▲HD

R a ilr o a d I n te llig e n c e ,
1h e

iKTESTOfts’ iSu p p l e m e n t , a

c o n t a in s e x te n d e d
roa d s, a n d o th e r

p a m p h le t o f 150

p op es

tables o f th e S to c k s a n d B on ds o f R a il­
lo m p a n ie s, w ith r e m a r k s a n d s ta t is t ic s con­

c e r n in g th e in co m e , fin a n c ia l s ta t u s , e t c ., o f ea ch C om pany
I t is published on the la s t S a tu rd a y o f every ither monthi—
v i e ., J a n u a r y ,

M a rch , M a y , J u ly , S e p te m b e r i n d N ovem ber,

and is fu r n is h e d w ith o u t e x t r a c h a r g e t o

a ll r e g u la r sub­

s c r ib e r s Of th e O&HON'iCLE.
The G e n e r a l q u o t a t i o n s o f S to c k s a n d

B o n d s , o c c u p y in g

s ix p a g es o f

Saturday

th e C h r o s i c l e , a r e p u b lis h e d

on

th e

th ir d

o f ea ch m o n th ,

RAILRO AD EARNINGS.
Latest Earning. Reported
B o ADS.

Week or Mo

1893.

1892.

•
*
t
A dirondack. . . .
M ay........
13.337
70.9771
66,183
11.219
A llegheny Vai. J u n e .......
235,791 230.48a 1.319 44ft! 1,231,573
A teh .T .A 8. Fe* d w t July 0 9 (.8 s2 772, 191 21.498.4.53 20,1 -7.126
Si. L. * 8aa *■ 3d wk July 145.576 1«4 9 0 4.757.240 1,450.053
Agg. to ta l... d w k jm y 845.158 93 .377 '26.250,134i24 577.478
50,991
AUantaAChar.tr M a y ..........
58,491
321.7*3;
303.983
Atlanta A FloFa ay...........
3.992
33 225
31.355
7.37.3
B -A o.K a il l.ioe,- J u n e ........ t .661.2 » >.629,10* 9,235,817! 9,363.614
Western Line* J u n e _____ 400,091 468,537 3,07. ,505 2,•‘ 31.113
T o t a l ........ ,u n « .......2.157.-67 2,095,639 12,307,422 12,298,031
B*LAO.douth*t U hw kjuly
70.813
69.413 1.1 >.3,31 i 1,440.399
Bath A Ham’ nd* a .........
1,935
8. 63
l.n t l
2.034
BLr. A Atlantic. June . .
2.422
17.2291
20.551
3.795
Blr.Sh.ATeot) R June . . . .
4,914
2 t.2<Mi
B rooklyn m e t . H b w k ju lj
43,150
42,47* 1.130,33 ( 1.0 92,'17
62,5 i 1.864.743 1.69 ) - 0 Baff.Httcii.APHt n w kJuly
70.1 til
64.989! 2,079 977s 2,161.76Bur.C.R*p. A S Id w k ju ly
83,354
Oamden A A il.. Jim.c l .,6 9
299 403
31 -.25-1
77.626!
Canadian Paciue IthwkJuiy 565.m-v 537.00 11.312.948; I 1.6 4.5,3
19.221)
Car.Ctno.GACB. M at...........
3.337
14.10(
2.202
1.001
25 812
Car. .Midland. .. J u n e ........
2.500
23,519
O n tr a io f s , J Jane ...
1.320,297 1*202,002 7.136.887 6 .7 3 »,i 1
Central PaclHo. M . .
1.330.2.1, 1,226,40’ 5,4 13.716 5,461.8"9
Oentral o f 8. 0 , H i t . .......[
7,949
4 *,3 * i
41.-58
73 3 1
Char.Mn Ai hk J a n e .......
9,0oO
80.410
9 .6 ‘ 6
Charlesl'uASwr May ........ - 59.271
323.070
310.027
53.121
71 B I"
CSlar.8nm.A ai> U,m e ........ I 7 .500
82.173
8 .5 .5
Chat qua Lake May .......
i.tMM
10.771
*1.25 I
4.4 .8
12.991
CberaW .Allan . May.
5,924
31.041
1,053
Che*. A Ohio ...iU h w k J u ly 295.794 240.310 5,7 J2.371 5 .4 13.t0
Cites, u . A .8.W . June . . . .
172.634 163.525 1.158.986 1.O3-.K0S
Chic. Bar. A S o , June
..
167,2o4 152.943 1.177.265
071.462
Chic. Bur. A <4. IJtt . e .........!3,292.679 3,328,295 19.976,0-4 8/.: -• - ...
Chic.A Boat. U i.-tthw kJuly
9 9 .1 0
82.8001 2.170.976: 2 ,2 0 4 .-8 "
Chicago A Erie. May........... *32.'*98 196,511! 1,21. ..0 1 1.162,135
Ohio. UL West'll 3d w k j m j
"1.035
83.5*38 2.204,108 3. 43.045
CL.J.K A C 8.Y April . . . .
189.687 2 0 3 ,t l l
821,281
9*5.426
Chlc.MILA8i.Pt lih w k lu iy 7 8 t.5 l8 868.015 18,902.718 18.34U.72J
Chlt-.AOBio Rly. U bw kJuly
3.156
2.4781
Ohio. A S ’ tuw’ u 1Hue
. 2,912,214 2,970.038 14,713.944 14.86J.th6
Ohic.Pe«.Ad t.6 3d wk <uly
H xM
•23.42 1
735.336
8-9,74
B'k I.A P .. J u t j-------- 4.542.114 1,475.417 10,53«,e7o 9,5 7.0 5
Chla.6LP.M.AU J It til- . . . . 6.95,38.3 769.047 3.966,271 3,945.101
Chic A W. Mien, ad wk July
"
32,105
36,319 1,026,6 8 1.0*8,5-04
CI&. u a . A Port*. June ___ j
31.033
5,7 9
32.080
5.7 -4
(So. Jack A Mat
d w tr ju ly
3 -.0 -ti
12.242
13.159
375. -46;
O a S . o . u r. P -d w k Jm y
69.187
75.002 2,210.341' 2.273,75*
Ala-Gt. douth- (d t t t m r
27.249
9 .0 ,6 6 0
959.744
20.427
N .O rt A S. K , d w « Juiy
21.155
666. 72
761.215
*2.171
A la. A Vtckab. d k j „ i»;
28 *.427
6.478
8,3 5824,370
Vick*. S h .A P .d w k lu ly
5,47*
27 -,*72
26*;.42l
73183
ErUflKer6j t t . it! « | j uij
129.193 142,0431 4,487.152 4,483.9*5
Ctuu. NorU2«*ii Jou«9 ____
9.5-1
1,760)
9.4 3
1.712
C tiL p oru . <fc V,, jiiL «
24,134
11 i. 647
22,16?!
229.-42
CoL & Maynv June . . . . . .
1,249
6,38
6.
1.103!
Olev.AkrotiAco. ad wk July
17,203
10.341!
53- .409
559 302
Cley. Can. a o*> June , . . . .
1«3,000
373,090
44.4.797
81,8 .*6
CLCtn.i h A s.t„ ,-d «t« July 2 1.647 2u , t*a 7.43-5.50 7 7.7.10, A '
Poo. A East'll. ..a « k J.iiy
008.-0 8
31,505
9 49.799
30. •I 4!
Cloy. A Marietta 3d wk July
173.333
5.? 95
19 .634
» 3 '7
CoL Sewn a i.. M s )...........:
3.44
10.174
29.24.
i 3*35:
CoL H. V a rot. June ...
3*1.06< 278.677 1,643.7J3 1,5 5, 04
CoIxthawneeSH l u - w k j W
33*,-57
15. 34
20. *7 11 32 9.3U
Colusa A Lake jo t,' . . . ,1
10.3»7
1^071
10. 9>
1,90.3
Contt. Hirer ...M a r c h .
9 7 ,/1 2,
*55.373
264.18
93.151:
Current Hirer.
-1 wk luly
97.613
1.5 i d
40.010
3.17*1
B e a r. A Hie Ur 4 t h a t tiny 126,600 *42, tOO 4.749.145 4.927.2*3
Be«. .VI. So. A W J Hue
106.-43
82,0*3
186, u2
37,22-3:
18-2.014
40.598 i 30.002)
24 ,364
Det.Laos*tA.-«i) -el w k ju ly
21.267
626,3*8
645,12 >
21.259]
Datutu.i.K a a u 3d « * July
5 ,'O0
62,0*4 H 8 » . * - 0 1.176.001
B aluth A Wtun. May...........
2 5 .3 1.V
57.180
106.3 ijr m
R.Tenn.Ya» A Gg u w k ju ly
01,573 110.051 3.102.41 >3 3.320.1 6
K U lo JoLABaai Juuc
tt(,0 4 7
4 0.67
3 6,14*
62^13
B ranstnd'pit- a tth w klu ly
109 577
1 1,2*5!
11.08*1
21 1,1-19
Brans. A H tcn , S i w« July
59.2 0
3.035
77,-493
2,721
E vansr, A T. 11. 4 th *k nl.y
7 - 7, •*4 4
34.637)
30.2 *9 77 8.3.
F ltch b an t.. . . . . . Mat .
. 6*7,649 597.367! 2,954.-10 2,83, ,190
F lin t * P.Marq,. ad wk July
5O.-.-.0
46,6 49 1,630.200 1,620.8 9
Florence.............May.
17.363
12.031
1.023
70.263
Join *........
99.^29
97.067
Ft, W A Hie Ur JuUR .. .. .
27,121
199.206173.1*6
25.138
Gails. A Alt. U , M a y ..........1
1,28 4
L a id |
Georgia HR.
J till*: .......;
81,94** 100.204
6 9 5 ,o 3 1
066.716
h i far"ta .* S o May...........
6 1 ,"69
34,2(0
17.510
20 1 ,-2 4
Get- 80.A r i a ,
71.-70;
00.30-1
4 -..-99
3 0.3 -0
Seor.Tct'n A W -. Mi v .......!
20,698
19.4 11
4.100,
4.0 3!
G.Bay W.A
p M**r ....
121.31,
45,-42;
B r.hap.A lnd , -il * July
41 ,*411 6L29-1 1,279.74* 1.326.700
CIO. K. A r t w ,->U
luly
*%441
0.0*1! 25 ‘ ,37 4 262.170
Other lluea....
■ 1 3,797
4.00
,3 , .341
12 ..t i l
Total alt lies, 3<1 wk Jmjr
1, 58.737 1,7*2.001
54,1^1
81, *3
Bran-1 trunk ... ■* * 4 'ilf i #1 390.170 3 --.9 A 9 10.924,7 6 1 ,906,3 -7
Chic. A Gr. fr ■Wk July-2*
74,1-jJl
6 J,*je7 1,990,157 2 ,11.4,7179
034,402
21.312
396.786
*1 fe sf ui> 22
21,8*0

|

215
Latest Earnings Reported.

Week or Mo

1893.

| 1892.

Jan. I to Latest Oai^
1893.

1892.

k
<
I
$
•
Great Sorth’ u—
5,93\ 367 5,588.953
8h P. M. A M J u n e .........
470.5o2;
East, o f Minn iu n e .........
4 - 2,079
572 371
Montana <7em I u n e .........
571.118
6,979,741 6,632.151
Tot. system. J u n e .........
9,0-19
2,*'12
Gr P.Wal. A Br. M ay..........
9 197
2,445
19,971
Gulf & Chicago June .......
17,679
5,439
Uartscllle
May...........
587
5,192
2.784
14,461
Hooe.Tun.ATVil M ay..........
13,796
Ho ta E.&W T er Juue ___
24.0*7
Hutnest’ DA3hen J u u e _____
63,162
8.813
68.277
31,596
5 ,7 5 11
30,927
Hutch.ASouth'D J u u e .........
9,878.180 9,116.148
Illinois Oeutral- June .. ..
208,531
32,675
35,221
2*4.884
Inrt.DeivA We-t. June ____
7 9 .’ 51 101.-41 2,261.934 1.9 4.397
Id. a G l Sorth'n u h w k ju iy
3 •.! 59 1.177.679 1,03 :,560
33,200
Unteroc. ( lle r .i » t July 15
35.4 1
Iowa Central. 4thwkJuly
36.468
22.487
lion Railway. J u n e .........
5,020
3,358
16,642
6.854
188,652
Kanawha* Mich 3d w k ju ly
5,*05
204,720
4.012
18 *,851
Kan C 1'I. A 3 p (d w kJuiy
3,565
163,963
64.081
K.CF.S.AM eui 3d w kJa ly
72,679 2,636.5 9 2,6-21,234
581,922
10,106
K.
C.Meai.&Bir 3d w s 1July
570,241
5 ,(77
71,327
6D93
K 0. Pitts. A G. d wk July
124.703
” 2,942
5.599
Kan.C. eun.Belt 3d w k ju ly
39.859
23,545
Kan.t-.Wy A 8 w J u u e .. ...
163, 36
161.451
23.533
201.177
6,0*5
K eoku k* West d wk July
6.996
2 0 -.8 5 1
6.534
40 8 i 3
39,5 3
L.
Erle All. & 80. June .. 6,748
66.61-6 1,9-7,104 1,795.451
63. >48
L. E r ie * West.. 3d w-k July
274.032
47.793
49. (96
Lehfgh A H u d .. J u n e.........
203.687
1*0.157 126.609 2,2 0,315 2,249,245
Lone Island . . 3d w k ju ly
16(.b01
33,232
170,479
32.348
Louis A Mo.Rlv May.
38.13 7 1.053,196
Loul-.Ev. V8t.L. tth w kjitly
43.000
7 tl.4 3 5
Louisv.ASash . 341 wk July 3 " 1,945 432,285 11.849,042 11,426,553
64. UK l,S lu .5 96 1.685,276
Io u ls-S .A . * Ch -d w k ju ly
66,e06
12.077
326.559
9.973
342,399
Lou.3t.L A T ex 3d w k ju ly
33,269
5,691
37.602
Macon A Birrn.. J u n e .........
4,957
6.7 9
Manches AAUg. May...........
040
5,496
9 -8
06,223
8.000
Manisijque. . . . J u n e .........
8.065
74.593
789.866
19.741
21.592
MemphlsAChas. <d w k ju ly
736,586
.Mexican Cent, ttu w klu ly
191,5*9 203,230 4,62*,867 4,458,107
Mexii-an Inter l J u n e ........
801,226
182.833 155 788 1,069,283
95,421 -2,407,673 2,225.290
63.5 -7
:Mex. Sau-inal. 3d wk luly
47.56
(lexical- K' - - >
• J u lv lo
49.319 1.-177,-27 1,707,627
52.133 55,3->l 854,410 7-6,66 8
Milwaukee A So 111;wii J 'Ill53,155
10,495
11.908
Mineral Ranee. J u u e ........
66.189
152
-8 - 178,191
846 14
907,272
Minueap A8L L. June ..
M.3;.P. * - 3 .1 M wk July
62. *88 1,760,435 1,5-14.76.8
80.960
ll3 ,'* 4 5.228.5*3 4,696,885
192.(13
Mo.Kan.AT e x .. d w k ju ly
UO.Pse AlrutiM 3,1 wk July 399,«ne 410,1-25 I3.0 i8.84 * 13,7*7,195
-lot-lie A Birtu. d w k ju ly
3.524 3.7:
Mobile a Ohio
t u n e _____ 263,1-8 2*8,092 1,065.-60 l.e-O D S e
3d.28*
M OUl.Adex.Gll May...........
4(422*3
316.934
88.000
332,255 400.9-6 2,457.355 2.48 t,!49
Sasll Ch.A -1 1 . luue . . . . .
65,7 8
21.977
64,012
-.Jersey r S .Y u .reh. .
23, 87
1,806
00.112
73.809
1,904
S*wOrt.A8o’ u. ,)d wk July
S Y.C.AH.K
J u - e ------- 4,151000 3.641.198 22.627 508 21,325,008
S. Y. L E A (V June . . . 2.008.033 *.7*2 ./29 14,4-s, 1 7 14,793,203
!f.Y.Pa-.rOhio April . . . . .
5 c4.O60 570.33* 2,32 j ,776 2.2*2,007
1,440,105 1,366,897
S'. Y .A S Eug.
March.......
48,773
S.Y.A Surth o .. J u n e ........
245,616
34.2485,049 2,061 lodi 1,821,037
93.145
S .T .O n t A « . c l wk July
832,635
790,134
S .Y Hu-q. A - . June
163,153 1.55,08-.
233,700
42.160
223,365
47.6 3
S'orf. A South’ n Juue . . . .
Id*,85*2 5,8 *8,080 5.336,965
Nortqlk A Weal. ithw kJuiy l i d . .71
35,109
.V thea-fn tS.C.1 -la v ...........
50,8*t 3 i ,l ..l 322,695
Sorih'n t euira.. J u n e ......... 6 -3.105 505,171 3.4 4,550 3 ,3 2-.4 80
i ,VVi',U-»U 7,748,84*
t , I 40,0 *Sr
9 7,OO»,046
SortheruPaclBe 3d wk May 41 ,233 308,3-’
3.1,763
96,-83 1,843,(53 1,971,818
Wis. Ct. Lines. -d wk May
4 0.242 046,77 13,205,954 14,-5 .427
S.P.A A'.ijent -d w k ju ly
3-4,98 0 3*9.546 2,(92,640 2,270,139
Ohio A Miss------ July . . . . . .
17,133 -12.531 344,241
17,423
Ohio R iv e r ....... 2d w k ju ly
48.760 392,178 358,713
Ohio Southern.. J u ly ..........
48.279
40.252
3
4.469 100.821 188,080
Omaha A 8 t, L .. A p ril____
3 4 ,.942 3ow,>74 1,487,601 1,473,982
Qraicoulcap.Oo M ay..........
159.1(6
9 ,429
21.5-14
211.3
5Pad.lean,AAla. Juue ___
I. --. . 1
86 425
16.660
teuu. MWi'a.. time ___
18 110
3
3
,s8
6
,4
l7
32,095,452
8,73*2.402
5
,
5
9
2
,
s
3
.
)
PeitasylTabia... Ju -e
501,829,
409,735
22, 26
*3,3o0
Peoria.tec.Afcv Ithw kJuiy
49,700
46. 35 293, todl 287. -68
PelersDurg........ J u u e ..........
Pitta. A arte .. M a y ._____ 507,784 430,131 1,991,448' 1.906,821
.974.7*8
1
,
0
17.200 10,9 .4 ,-3 0 10,784,5*8
Phtta.A KeadV. tune
Coat A ir . C ox . June . . . . : 4.106,939 1,03* 04 **,Os7e58J 14,-65,517
5
940,937
33, 12,474 25,050,045
rotalhotliCos, June ....... 6,.41.707
1,490.781 1,567,403 7,13 .45 1 0,90 .235
Lehtgn Valley. !m » i
10,717
20,300
3,(47
Pitta. Mat. A c n .: June
9,363
197,859
1 .2 ,806
r 2,263
Pltt.3-ieli.AI.. 1. June
40.248
7 8 ., 24
076,734
16 2.7o4 118, .u i
Pittsb. A West {June
400. *10
290,773
82.87Pi tt CL a Col j ] ime
54. 'i9
176,252
11 -..’i l l
* (.3 5 9
48.800
Pitts. Pa A P.jjtiue
64,554 1,0 *1 3 2 0 1,332,825
Total »J stem .; I th wk J uly
71 8 .5 (8
042,968
Pin. Y ou u irA A .iJu n e. . . . . .
1(1,072
103.4(6
PLKovat AAU k.M ay............., 14.923
11, 22
141,310
U r ,9 o 0
1 (.0 *3
PL Roy. AW.Car. {May.
.
2l.08>
1 .9 .8 3 6
132,600
iqulney o A E.t .l j u i .e .........
21,433
*1,0 -0
Rich. A Uan. *f*. \Marelt,___!1,103.7*6 1,050,600
341,342
320,467
70.2o5
Rl..h.Pr-k»t- a P.: May . . . . . . . .
7 4 .164
178,772
185,20"
31,7 20
Rieh. a Pe'erao. June ___ .(
32,876
327,574
317,7 2
14,3 >2
RluGr. SJOutll'u ed wk July
5, 27
55.000 1.241,902 1,351,090
Rltt Gr. Weai'u.. 3d wk July
46,903
50.724
58, 1*
10,385
d -fr.T a a co-a .-H .J u oe______{ 11,439
36,732
7.682
8a*.Vat. A 8 t L May .
.
8,943
700.073
86 •.07 1)
26,110
8 t L. A A T. U. 36 wk July
26,7 .0
11,773
i3.5a3
2.430
3».l*.Keu'etA8«. J u n e .........1, 15
6t.L.8outhW rti. 4;h wkJut}
106.40 - 125,800 2,74 ,3 2 2.308,350
e5 2,886
b 2 3 ,H 1
184.0*6
dt-PkUl A OUl’tb J u n e .........
152.574
001,416
dan Ant. A a . P. J u n e .......... 140. 02 104,9u7
2.722
3. »i<
(37
daudersv.A 1’ou. June . .
1
741
430,702
43 4.64 )
16.227
d.Kru les S.Pac, 3d wit July
15.205
231,833
262.673
41,5 .5
dav. Aui. A Muu. June .......,
41,854
1,5)2.4 47 1,033,202
dar.Fia. A SeaL J u n e .......... 1
...........
28 .(0 0
23,u25
'ii',9 2
d llv e ito u .......... J u u e ..........
7 ,-0 0
157,805
150.4 »9
3o,742
dloux City A So. May ....... j 2d,(7 0
82. -16
113.091
13.000
south Hound___J u n o ____ ...
15,000
5.199
12.S3 6
406
d outiis s or. ar. May.......... ,
7,743
do. Paeittc C o.—
2,16
t,70l
2.006.149
G a t.lia r .* 3 .A J u n e .... .. 319.613 324.592
4 s9 ,7 i7
50 (.3*7
”
74,665
Loula'a W est.. J u n e .... ..;
88.337
Murgult’sl-A I' June . . . . . . j 30 7.9i0 35 ., 73 2 .5 0 1 ,7 ,0 2,3*9.823
98.074
113,5- 0
16.621
78 - .585
927,211
l2o,243
901.4 79 6,134,9*2 5,d4(.0oO
2
-.-Ids
1
.205.734
3,058.003
16,
.......|3,1.1)1-2.1*4.3.960,473 3,1--0.6*7) 22.111,634
908.7)70 809,405 4,2*3.981 3.779.365
801,2*5
788.043
167,326
101.7*7
420.000
4.0 ,509
88.433
77.472

THE CHRONICLE.

T216

Jan. 1 to Latest Date.

L atest K a m in g t Reported.

KOA.DS.

Week o r H o

BoutbCarolina.. J u n e. . . . . .
8par. Uu. A Col. (May...........
Blaten Is). R. T. J u n e........
StonyCLACM t.. (May............
Bum in it Branch.; June.........
Lykens Valley J u n e..........
Tot’I both C oV J u n e .........
Texas A Pacific. 3d wk July
T ex. 8 .ValAN.W J u n e ........
T o L A .A . AN .M . 2d wk Apr.
ToLAOhlot’cut* July
X&L P. A West. 3d wk July
Tol.Bt. L A K .C 3d wk July
ToL A 80 . Haven April.......
Ulster A D e l... May.........
Union Pacific—
Or.B.L. A U.N. May.........
Or.Ry. A N.Co. M ay........
U. Pac. D A G . May.........
BtJo.AGd.Ial 3d wk July
A ll other lines May.........
Tot.U.P.Bys. May.........
Cent-Br.A L.L. May.........
Montana U u .. M a y :.......
JLeav. T op . A 8. May.........
M an.Al.A Bur. Mav.........
Gr'ud to ta l/ May.........
Vermont Valley March—
W abash............. ithwkJuly
W ab. Ches. A W. May.........
West Jersey....... J u n e .......
W .V.Cen.A Pltts May.........
West Va A Pitts Ma y ........
W est. Maryland. J u n e .......
West. N. Y. A Pa 3d wk July)
Wheel. A L. Erie 4tliwkJ uly
Wll.Chad.ACon. May...........
Wil. Col. A A ue May.........

1892-3.

1891-2.

78.900
8.816
116.723
2,742
110,561
96,408
206.968
98.403
4,071
26,577
164,389
18.333
36,740
2.058
36,852

83.013
7.366
121.916
2,720
99.984
86,585
186.569
115,212
3,102
19.655
162 224
18,303
44,806
2.177
33,272

648,202 585,709
343,567 340.936
499,9621 511.691
18,739
20.435
.732.398 1 740,740
[,320,176 3, 260,373
80,483
92,027
101.833
90,808
2,266
2,025
5,085
4,195
1,455,251 3, ,400,915
16,698i
14,850
373.000, 358.000
5,994
8,1291
167,707 151,607
105,494
89,486
39,309
30,190
108,191
90,604
72,300
71.600
43,584
43.217
1.739
2.533
44,624
60,645
W H cb t»v A T<‘ n ' ’ arch.......
6,600
6,205

1891-2.

1892-3.

653.269
676.754
43.796
45.924
459,133
456,126
8.519
9,016
646.282
652,301
497.871
553,240
1,205,537 1,144.152
3,477.018 3,261,331
21,399
26.150
280,265
339,004
1,131,649 1,034,767
526,772
r>i3.M'i
961,443 1,073.806
7.837
6,641
134,429
140,358
2,589,369
1,517,549
2,309.064
653,226
8.282.902
15,209,673
463,170
323,077
11,214
18,268
15,849,123
41,298
7,663,262
38,636
765,633
455,608
156,258
565,490
2,008,905
891,556
8.001
291,997

2.626,842
1,548,841
2,199.917
625,583
8,500,764
15,320,742
495.646
450,519
15,691
16,732
16,057,861
40,709
7,586.513
28,895
711.647
433,652
119,185
461,550
1,816,049
809.237
11,956
359,525

* Includes Colorado Midland in 1893 and 1892 both for the week and
the year to date.
t Includes Milwaukee A Northern for all periods.
a Figures cover only that part o f mileage located in South Carolina.
b Earnings given are on whole Jacksonville Southeastern System.
eT h e business o f the Lehlgli Valley and Lehigh A Wilkesbarre de­
partment s is Included in 1893. d Includes earnings from ferries, etc.,
not given separately. JM exican currency, e ToL Col. A Cln. included
for the week and Rinoe Jan. 1 in both years. /I n c lu d e s only half of
lines in which Union Pacific has a h alf interest.

Latest Gross Earnings by Weeks.—The latest weekly
earnings in the foregoing table are separately summed up as
fo'-lows:
Our preliminary statement of earnings for the fourth week
of July covers 21 roads and shows a loss of 4 38 per cent.
4th week o f July.
Balt. dc Ohio Southwest.
Brooklyn Elevated..........
Canadian Pacific..............
Chesapeake dc Ohio........
Chicago dc East. Illinois.
Chicago Milw. & St PaulChicago dc Ohio River__
Denver dc Rio G rande...
Evansv. dc Indianapolis..
Evansv. & Terre Haute.
Grand Trank o f Canada
In tem ’l & Gt. North’n .. .
Iow a Central....................
Lonisv. Evansv. & St. L
M exican Central..............
Norfolk dc Western..........
Peoria Deo. * E vansv...
Pittsburg & Western.......
St. Louis dc Soutliwest’n.
Wabash..............................
Wheeling & Lake E r ie ..
Total (21 roads)..
Net deorease (4-38 p. o.).

Increase.

Decrease

1893.

1892.

*
70,813
43.050
565,000
295,794
98,100
781,518
3,156
126,600
11,225
38,637
390,170
79,154
36.468
43,000
191,529
178.771
23.300
77,546
106.400
373.000
43,584

*
69.413
42.472
537,000
280,310
82,600
868,015
2,478
242,100
11,084
39,299
388.948
102,841
35.411
38,137
203,230
182,852
22,526
64,554
125.800
358,000
43,217

$
1,400
578
28,000
15,484
15,500

3,576,815

3,740,287

98,056

678
141
1,222
1,057
4,863
774
12,992
15,000
367

s

86,497
115,500
662
23,687
11.701
4,081
19,400

26L.528
163,472

[VOL. LVII.

Net Earnings Monthly to Latest Gates.—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 Chronicle of July 22. The next wifi appear in the
issue of August 19. ,-----Gross Earnings.----- . ------1Yet Earnings.-----.

1893.
1892.
1893.
1892.
Roads.
$
$
$
8
At. T. dc 8. Fe Sys..bJune 3,295,304 3,258,425 1,053,905
978,802
Jan. 1 to June 3 0 ....1 9 ,4 8 8 ,6 8 2 17,987,630 5,456,932 4,982,484
July 1 to June 3 0 ....4 1 ,3 1 6 ,5 4 7 38,541,789 12,710,748 11,790,838
Bt.L.dcSanFr.Sys.bJune
741.181
724,764
253,434
277,335
Jan. 1 to June 30 . . . 4,325,890 3.974,600 1,344.091 1.335,860
Ju ly 1 to June 30 . . . 9,417,159 8,805,437 3,354,791 3,326,618
Aggregate Total. bJune 4,039,485 3,981,188 1,307,338 1,256,136
Jan. 1 to J u n e 3 0 ....23,814.578 21,962,229 6,801,023 6,318.342
Julv 1 to June 3 0 ....5 0 ,7 3 3 ,7 0 7 47,347,226 16,065,539 15.117,455
Canadian P acific.a.Ju n e 1,890,873 1,793,277 722,327
671,150
Jan. 1 to June 3 0 .... 9,459,998 9,822,488 3,069,270 3,322,483
Chic. Bur. & N o r ... bJune
167,204
152,963
21,728
32,466
Jan. 1 to June 3 0 .... 1,177,265
971,862
383,430
295.520
Ohio. M.dc St. Paul.a.June 2,747,979 2,584,778 1,004,082
800,868
Jan. 1 to June 3 0 ....1 5 ,3 5 5 ,9 1 5 14,730.475 4,633,240 4,409,605
July 1 to June 3 0 ... .33,975,055 32,283,508 11,486,947 11,468,503
Mexican Central___June
682,235
619,976
233,099
258,032
Jan. 1 to June 3 0 .... 4,059,104 3,806,695 1,399,648 1,258,191
Mex. Internationa!..June
182,838
155,788
71,874
52,048
Jan. 1 to June 3 0 .... 1,069,283
861,226
304,170
330,001
Norfolk & Southern.June
47.683
42,669
20,487
18,956
Jan. 1 to June 3 0 ....
233,760
223,365
82,795
87,072
Norfolk dc W esternaJune
829,395
781,235
219,860
22S.426
Jan. 1 to June 3 0 .... 5,076,821 4,584,310 1,313,609 1,250,053
Ohio & M ississippi.aJune
342,010
302,017
96.687
42,828
Jan. 1 to June 3 0 .... 2,067,665 1,940,593
547,420
341,380
July 1 to June 3 0 .... 4,299,237 4,228,104 1,249,354 1,019,729
Fhila. & R ead in g ...J u n e 1,974.749 1,917.296
801,756
889,007
Jan. 1 to June 3 0 .... 10.924,936 10,784,528 3,816,589 4,628,924
Dee. 1 to June 3 0 ....1 2 ,8 9 3 ,3 0 3 12,666.050 4,733,525 5,536,609
Coal dc Iron C o.......June 4,166,959 4,032,641 def.59,138 def.38,566
Jan. 1 to June 30..22,087,540 14,265,517 df.358,639 def.67,611
Dec. 1 to June 30.-25,405,276 16,166,883 df.259,334 def.3,133
T ota lh oth Co’s....J u n e 6,141,707 5,949,937
742.618
850,441
Jan. 1 to June 30 ..33,012,474 25,050,045 3,457,951 4,561,315
Deo. 1 to June 30. .38,298,577 23,832,933 4,474,189 5,533,476
Lehigh V alley....... M ay 1,490,781 1,567,463
446.778
524,588
Jan. 1 to May 3 1 .. 7,132,453 6,902,235 1,977,651 1,410,340
Deo. 1 to M ay 3 1 .. 8,893,008 8,512,470 2,567,124 1,811,272
Rio Grande W est.b .. June
219,338
230,793
83,473
83,321
Jan. 1 to June 3 0 .... 1,111,012 1,197,890
366,959
385,726
July 1 to June 3 0 ...- 2,277,124 2,413,127
809,841
892,267
San Ant. & Aran.P.. June
146,362
104,9G7
18,873 def. 13,905
Jan. 1 to June 3 0 ....
853,256
661,416
79,206 def.54,843
Southern Pacific Co.—
Gal. H.dc 8. A nt.b June
319,613
324,592
54,017
49,445
Jan. 1 to June 3 0 .. 2,169,701 2,066,149
503,194
342,748
Louisiana W est. .bJ u n e
88,337
74.665
37,610
29,752
Jan. 1 to June 3 0 ..
565,347
489,717
257,633
218,039
M’gan’s La. & T -.b J u u e
397,929
356,273
48,226
9,990
Jan. 1 to June 3 0 .. 2,594,779 2,349,823
464,269
306,407
N .Y.Tex. dc M. ,. b . June
21,544
16,621
6,746
2,537
Jan. 1 to June 3 0 ..
113,560
98.074
28,084
11,710
Texas dc N. O .b ...J u n e
141,128
126,243
59,851
55,011
Jan. 1 to June 3 0 ..
927,241
787,585
427,716
315,651
Atlantio system . bJune
974,824
901,479
204,579
139,861
Jau. 1 to June 3 0 .. 6,434,922 5,845,900 1,692,499 1,185,592
Pacific sy stem .b ..J u n e 3,038,000 3,058,993 1,165,000 1,267,008
Jau. 1 to June 30.-16,725,698 16,265,734 5,818,498 6,000,492
Total o f a ll.b ....J u n e 4,012,824 3,960,473 1,369,579 1,406,870
Jan. 1 to June 30. .23,160,620 22,111,634 7,510,998 7,186,036
Western M aryland..June
108,191
90,804
34,610
30,232
Jan. 1 to June 3 0 ___
565,490
461.550
161,815
140,638
Oct. 1 to June 30. . .
851,902
679,849
252,804
184,937
W hitebreastFuelCo.June
................................
7,394
5,993
Jan. 1 to June 3 0 ...............................................
83,444
41,199
July 1 to June 3 0 ............................
129,336
96,993
a N et earnings here given are after deducting taxes,
b Net earnings here given are b efore deducting taxes.

* Includes Milwaukee dc Northern in both years.

Interest Charges and Surplus.—The following roads, in
For the third week of July our final statement covers 79 addition to their gross and net earnings given in the foregoing,
roads, aDd shows 8‘09 per cent loss in the aggregate.
also report charges for interest, &c., with the surplus or deficit
above or below those charges.
3d week o f July.

Previously rep'd i50 r’ds)
Ateh. Top. & Ban. Fe Sys*
St. Louis & San Fr. Sys.
Chicago dc Gr. 'Trunk___
Cln. N.O. dc Tex. Pac.5 rds
Oleve. Akron <ft Columb
Clev. Cln. Chic. dc 8t. L
Peoria & E astern........
Current R iver..................
Detroit Gr. Hav dc Milw.
East. Tenn. Va. di G a __
Kan. City Clin, dc Spring.
Kan. City i t. 8. dt Mem..
Kansas 0. Mem. dc Birin.
Keokuk dc Western..........
Louisville St. L. dc Texas.
Henmnls dc Charlestou. ..
Mobile dc Birmingham ...
New Orleans & Southern
Northern Pacific..........I
Wisconsin C entral.. )
St. Louis Alton dc T. H.
Can Frnn. & No. Pacific.
Toledo Peoria dc WeBt’n .
Toledo St. L. dc Kan.City.
Western N. Y. dc P enn..
. Net decrease (8 09 p.o.i

1893.

1892.

Increase.

$
4,958.017
699,582
145,576
74,188
129,493
17,205
271,647
31,595
1.510
21,820
91,573
3,565
64,081
15,377
6.075
9,973
19,741
3,524
1,904
450,242
26,720
15,205
18,333
36,740
71,600

8
5,235,167
772,391
164,986
63,667
142,043
19,341
290,926
30,914
3,425
21,812
110,054
4,022
72,677
16.106
6,996
12,077
21,592
3,727
1,898
646,777
26,110
16,227
18,303
44,806
72,300

$
119,747

7,185,286

7,818,344

131,603

* Includes Colorado Midland iu both years,

10,521

681
8

6

Decrease.
$
396.897
72,809
19,410
12,550
2,136
19*279
1,915
18,481
457
8,596
729
921
2,104
1,851
203
196,535

610
30

1,022
8,066
'700
764,661
633,058

r-ln ler’ t, rentals, <tc.1893.
1892.
Roads.
$
S
Ateh. T. dc 8. Fe Sys.June
919,000 917,000
Ju ly 1 to June 30. ...1 1 ,0 2 8 ,0 0 0 11,004,000
St. L. dc 8. F. Sys...June
275,000 275,000
July 1 to June 3 0 ..
3,300,000 3,300,000
Aggregate to ta l.... June
1,194,000 1,192,000
Ju ly 1 to June 30.-14,328,000 14,304,000

-B a l. o f Net E a rn s.1893.
1892.
$
$
t209,905 tl3 6 ,8 0 2
12,582,748 t l , 686,833
def.21,566
2,335
54,791
26,618
U 88.338 f 139,136
f2 ,637,538 t l , 713,454

t Including other income.

GENERAL INVESTMENT NEWS.
Boston & Albany.—The statement for the quarter and year

ending June 30 is as follows:

r—Quar. end. June 30.— —Fear end. June 30.—
1892.
1893.
1891-92.
1892-93.
$
$
$
$
Gross earnings.....................2,499,039 2,625,266
9,819,069 10,153,82
Operating expenses.............1,492,439 1,901,206 6,801,287 7,071,397
Net earnings...................1,006,600
Interest, rentals & ta x es.. 100,959
Surplus...........................

905,641

724,060
3,017,782 3,082,428
104,721 1,196,960 1,098,758
619,339

1,820,822

1,983,670

Brooklyn City—Long Island Traction.—A circular has

been issued by the directors of the Brooklyn City Railroad
Company stating that, owing to the monetary condition, au

A cscst 5, 1893.]

iTHE CHRONICLE

additional plan is offered extending the time for the subscrip­
tion to, and payment for, the new issue of $3,000,000 of stock.
Under the new plan stockholders may take and pay for their
allotments as follows: Twenty per cent between Aug. 25 and
Sept. 1, 30 per cent between Sept. 25 and Oct. 2, 20 per cent
between Oct. 25 and Nov. 1, 20 per cent between Nov, 25 and
Dec. 1, and 20 per cent between Dec. 25 and Jan. 1, 1894.
This will be known as plan three and stockholders may sub­
scribe under either of the three plans up to August 25. Books
closed August 1.
Chicago Gas.—Mr. E. C. Benedict says there is nothing
whatever the matter with Chicago Gas. Notwithstanding
the reductions voluntarily made to consumers this year, ag­
gregating apparently §350,000 in the price of gas, the com­
pany will probably earn §100,000 net cash more than last
year. “ The company's business this year will exceed by 20
per cent that of last year, and this growth necessarily in­
volves a larger increase of plant than usual, and perhaps will
call for the expenditure of 81,500,000. To expect that the
§2,01)0,000 of net earnings will provide for §1.500,000 of divi­
dends and $1,500,000 of construction is simply ridiculous. To
sell bonds that earn approximately three times their interest
at prevailing rates would be suicidal, and will not be enter­
tained by the management. To create a Boating debt at such
times as'these would be bad ju Igraent. The question of the
dividend does not come up for from four to six weeks, and
the managers will be governed at that meeting by the con­
ditions then prevailing as to what course they wilt adopt in
the matter.""
Chicago A- Alton.—This company next April will retire
$3,000,000 7 per cent bonds, and to provide for these the com­
pany now oilers $2,5b0,000 new stock at 114 to stockholders
of record.
Colorado Foci k Iron Co.—A circular to stockholders
under date of August 1, isya, gives the reasons for paying the
preferred stock dividend of l per cent in scrip, and supplies
the following statement of earnings for eight months, Nov. 1,
1892, to June 30, 1893 :
Net earnings, tael and iron d epa rtm en ts___ _____ ____ ______ $093,110
Earning* from utoet* and bon us...................................................

37,923

Total net earnings....................... .............................. $733,033
Sinking tend ter coal and iron mined................. .
*$9,931
Proportion o f (Kind Inter.-or for eight m o u t h s .......... 218,725
Proportion o f prtf. stock dividend for eight month*, lOS.Oriti
Proportion o f !a t. » for eight m onth*........................... 25,9*5
Interest and exchange...................................................... 25.117
Total flxed charge* and e x p e n s e * ....................... ................

400,360

Applicable to dividends on comm on sto ck .................. ...............#272.697
Dividend on com m on aloe* paid May 1 3 ,1 9 9 3 .......................... 115.625

Surplus................................ ..................... ...............#137,318
The circular of President Otgoxl say* :
" A * w ill be seen, the preferred stock dividend ha* keen earned, a*

217

victory for the Edison Lamp patent. The orders of the Court
close these infringing factories. This decision of Judge Ricks
is not only of importance to the General Electric Company
but also to the Edison Electric Illuminating Company of New
York City, and all other Edison licensees.
Jacksonville Tampa & Key West.—A motion will be made
Aug. 14 in the Florida courts which, if allowed, will release
sufficient funds to enable the payment to be made of the July
coupon on the first mortgage bonds.
Louisville St. Louis k Texas.—Owing to the stringency
in the money market the company was obliged to default on
the coupon due August first on the first mortgage bonds. The
net earnings for the year ending June 30th exceeded §250,000;
the annual requirement for the $2,800,000 outstanding firsts is
$108,000.
Minneapolis & St. Louis.—Kiernan's News Letter states
that the report of the receiver for the fiscal year ending June
30, 1603, showing the operations of the road will soon be
ready and will present a gratifying exhibit of another year’s
businws, notwithstanding the severest winter for many
years past, entailing a great increase in operating expenses
for about three months while business was snowbound. The
following figures (June net estimated) will be interesting;
Gross earnings for the year §1.901,850 ; operating expenses,
including taxes, $1,255,230 ; net from operating road $706,801);
terminal and other income $128,000; total income §832,800 ;
deducting fixed charges, including interest on 2nd incomes
$791,000 ; surplus $241,800. During the (inst year over $1,000,000. equivalent to about two years’ total fixed charges, were
paid by order of the Court. In addition about §200,000 were
expended in improving and betteriag the property. Nearly
§100,000 have been paid out for allowances to counsel in the
foreclosure proceedings. There is now on hand about §400-,
000 in cash besides a large supply of railroad material worth
over $150,000. The road is in prime physical condition,
amply equipped with rolling stock and motive power. It is
expected tliat as soon as the bond market improves the reor­
ganization committee will issue its plan, involving an issue of
binds in order to pay off the equipment bonds ami back inter­
est and take the road from the receiver's hands.
National Bank Failure*.—On July 28 Comptroller Eckels
gave out the following statement;
Keren* fit*patchy* having appeared In the newspapers to the offset
that on e • January l . 1893. 2ml national bank* have failed, the fol­
lowing statement has been prepared that the public m ay he properly
informed. Instead at 200 having close ! their door*, but 105 have
gone into the hand* at the Comptroller uf the Currency, Pknirteen o f
thi* number have already resumed bushiest*. under favorable condi­
tion*
at the confidence o f the comm unities where lo­
o t e d , ami during the ensuing weak It I* expensed several others will
have complied with the requirements o f tbo Coinptrotler and reopen,
white prior to September t an equal number will resume. Out o< tha
total o f loft c lo -. J. but thirty-three have gone Into the hands o f re­
cov ers, the balance cither borin g reopened o r are still In the hand* o f
examiner*, with strong prospects at riwpeutiig. M ve at the 105
bawls are capitalized in the am ount or M1.660,000 each; ono at *300,Ota; six at #500.006; thirty-six at *50,000, and the remaining at
» 100,000, *-’30.000. * 100,000 aud lea*, but more than #50,000, the
greater number, how ever, being from #100,000 to * 160,000,
By geographic*! sections the failures arc distributed as follow # :
New I- rerun i states. 2. Eastern d ial-*, 2: Middle and stlxsUstppt Val­
ley 8t*t<-., 16. Northwestern Staten, 6; Western State*, 55; Southern
Slate*. 25.
Herewith is a - herlnte showing the national bank failures by State*,
also the number o f national bank* je t la operation ta each State

well as a considerable surplus. The action o f the Board o f Director*
in paying she dividend with *crtp, payabi* at tin* option o f the com ­
pany, was taken after earef ti :eott*i«ietatlpn o f existing financial con­
ditions and con nutation with some o f the largest bolder* o f preferred
flank, and it is believed (h at ail o f th* stockholders *r!tj concur a* to
the advi.ablllty o f the Coarse pursued. The scrip tssiMd la accord ­
ance with the revolution* o f the Board o f Director* will bn redeemed
at ilw «*rite*t possible m oment. In ff* w o f to e unvortaloty which
exist* with regard to the future o f silver, and the recent shuttingdow n o f many .liv er mine* and smelter* In Colorado, It seems advisa­ in th e O n io n :
No.
No.
,Vo. now
.Vo. nonble to state to the stockholders that the boutons* o f the Colorado f u e l
£*$#tu *
M alt
in op era M alt
in n otra * Iron Company doe* not depend entirely upon tbo prosperity o f the
p en d ed .
Hon.
o r Territory.
fXtulf-1.
o r Territory.
•liver intercut* White the stagnation o f that industry would un­
Iton.
5
1 Nebraska .............
doubtedly considerably ren te<* the profit* o f the com pany, the larger A la b a m a ................
29
N ono
2
None
portion o f » u r business d* outsid e o f the State o f Colorado and In sec­
51
3
tion . o f the coun try which will s o t b« In any way affected so d the A lb a n ia ............ ,.
None New Hampshire
3
N ono
None N ew Jersey. .. . . 102
10
cam pany s u it la any event, bo able to w ore than earn the dividend* h.t'hMim* . . . . ..... ..
1
0 Now M ox too.... .
10
on it* preferred stock.’’
California-----------3d
2
15 N ew Y ork .......... . 335
33
Flint & Fere Marquette.—The directors have decided to Colorado................
1
23
C o n n e c ticu t...........
S3
K otie North Carolina. .

pa» the usual semi-annual dividend oa the preferred stock
which would have been payable August 15th. The earnings
show for the poorer half of the year a small surplus applica­
ble to a dividend, but in viewof’tbe present money stringency
the directors deem it prudent to use current funds to meet
liabilities.
General Electric.—A plan has been matured which, with
the cash in treasury, will provide for the entire floating debt.
A company will be organized to be called the Tramway Sc
Illuminating Trust, with a capitalization of $4,500,000 each of
stock and bonds. This company will acquire from the Gen­
eral Electric Company securities of a miscellaneous nature of
an aggregate par value (not actual) of about §10,500,00), pay­
ing tnerefor $4,500,005. This collateral will be held by
trustees to secure the above-mentioned $4,500,000 ten-year
debenture 8 per cent bonds. General Electric stockholders
wilt be offered the privilege of subscribing for these bond*,
receiving for their subscription.* an equal amount of the
bonds and stock of the Tramway <fc Illuminating Trust. The
trustees will manage the collateral in the interest of the
Tramway Company, and anv surplus realized from its sale
will go to the stock. The boids will bs underwritten.
The orders of the General Electric Company in the last week
of July are declared the largest of any week in June or July,
and included 400 railway motor*, more than 7,000 incandes­
cent lights, between 200 an I 300 arc lights and generators
aggregating about 2.300 horse power.
The General Electric Com tinny secured restraining orders
from Judge Kicks, of the TJ. S. Circuit Court, Northern
District of Ohio, against the Buckeye Electric. Company and
the Packard Electric Limp Co npany of Ohio, manufacturers
of incandescent lamps. This is said to be a farther important

D ela w a re ................

Slut, o f Columbia.
Idaho.........................
Illin ois ...................
Indiana....................
fo d la u T c r r ilo r y ..
Iow a ........................
K «g*»ft . . . . . . . . . . .
........

Maine......................
...
........

Mi^nUsippi............

11

17
*0
13
213
115
6
188
130
SI
20
S3
fSS
200
101
77
1*2
7*1
31

Hm m

N orth D a k o t a ...

No tit- O h io.......................
2
3
N one
3
3

Oregon . . . . . . . . . . .
P en n sy lv a n ia... ..

till Olio 1stkind . . . ..
S outh C arolin a.. ,

None South D ak ota... ..
2 T e n n e s s e e ........... . .
6 T e x m ......... . — .
ej 1 tail,..................
None V erm on t............... . .
..
None Virginia
W ashington....... .
None Wont Virginia .. ..
..
2
None W jo m i u g ............. . .
1
3
T o t a l s ........
fi

32

.5
38
397
59
U
40
.53
40
36
fll
30
80
12

3
2
1
2
N on a
N on o

No la
2
3
*
3

None
None
10

Nono
1
1
105

Montana.............
It i* to be observed that tu tw m ttyon o State* and Territories there
have been no failure* o f national banks, v iz: In t l u k i . Arizona,
Arkansas, Connecticut, Ilei,aware. I d ,m e t o f Columbia, Idaho, 'Indian
Territory, boolstaua. Maine, Maryland. Massachusetts, Minnesota,
Nevada. Stew Jersey. PoniMtvlvanla. Rhode Island, South Carolina,
Vermont, Virginia and West Virgini a.
It 1* fu rtoerw orth r o f note that no national banks have failed In
Boston, Brooklyn, Philadelphia, 1‘ ittab irg. Baltimore, Washington,
Buffalo. Cincinnati, St Louis. New Orleans. San Pranalseo. Minne­
apolis, St. Paul and numbers o f other gri, it comm ercial on itrns; and
that but one has closed la NSW Y ork, two in OhUt.igo and one in Mil­
waukee. The cause o f the failures In Now York and 'hlongo was duo,
largely to mismanagement, as were numbers o f others. Local scare*
have caused many o f late to suspend, .vino o f tha banka
failed were robbed by offlolat* who are now under arrest.
The following national batiks have been authorize l by tha Comp■ ' ' 1
‘ ' " k;
Atlanta. Os.; First National Bank. Los Auff-les, C a l; 1-irst National
Bank, ban Diego. Cal-; First National l l u t . rt.uil.a Ana, C a l; First
National Bank. San Bernardino, Cal.; Southern California National
Bank, Los Angeles, C ar; Merchants’ National Bank, Fort Worth, T ex.,

THE CHRONICLE.

218

Becond Nstlomil Bnnk. Ashland K ;.; t'npltfll NatlonM Bank. Indian­
apolis; Mrs' National B .tk PbIoobo rttv. Wash.; Washington Natlo' al
Bank. Spokane Fal a. Wash.; National Bank of <'ommeroe, Provo City.
Utah; First Nallot nl Bank Cliro, Texae; Missouri National Bank.
Kansu-1 tiv. I o Many none will reopen, as the majority ot those
recently 'ailed at“ ah olntelj solvent, and o' ly closed through an unwarr; nted lack of confidence it them, caualnc disast'ous runs.
Resume: Number now In operation 3 ,7 -f ; number fallotl since Jan
nary 1, 1►9P. l i t ; number reopened. 11; number in hai ds of receivers,
38: number In hat tie of bank examiners, with application to Comptrollet for resumption, 58.

(V ol. L v ri.

.----------- Tune.------------. ,-----Dec. 1 to June 30.-----,
1842.
3 893.
1891-32.
1892-93.
R ailroad Com pany —
$
$
$
$
Cross receipts............... 1,917.296 1,974.749 12.66K.O50 12,893,303
Gross expenses.............. 1,028.289 1,172,9*3 7,1 9.441
8,159,778
Net ea rn in g s..........
Other net receipts.........

869.007
52,622

SO'.756
76.310

5,53" 609
2x0,912

4,733.525
346,105

T o ta l.........................
Deduct—

941,629

878.066

5,827.521

5,079,630

Nebrogaa Railroad Law.—The U'ired States Circuit Perman’ t Improvem’ts.
6,006
95,318
64.367
4,330 885 4,550,000
Court of tl e Omaha, Nebraska, District (Judge Dundy), lias Proport'n year's ch'ges. 625,840 650,000
granted a teuipormy injunction res'raimng tin railroads oper­
Total..........................
631,846
630.000
4,476,293 4,614,367
ating in that Mate from putting into effect rates to c o n fo r m Surplus............................. 309,783 228,066 1,351,318
465,263
to the Newberry Maximum Freight law. which would have
Coal & I ron Co .*—
become operative August 1. This action restores the old Gross r e c e ip t s .............. 4.032,611 4,166,959 16,16,6.883 25,405,275
schedule of rates until after the hearing of the case in Operating expenses
3,934,441 4,226,096 15,550, 77 25,457,183
October. The allegation is made by the railroad managers
Netearnings............
78,200 def.59,137
6 16,106 def.51,908
that it violates the Constitution of the United Stales, by in­
Deduct—
terfering with intei-State traffic; that it confiscates prooerty Collieiy
im provements.
103,731
518.382
189,615
for public use without compensa ioD ; that it is in the nature Permau't im provem ’ts.
13.035
70.657
17,911
eroport’uyear’
s
chTges
68,000
63,000
466,000
476,000
of class legislation, and that it was not properly and legally
enacted.
T otal.........................
184.766
68,000
1,0x5.239
633.426
127,137
469,133
735.334
Newport News & Mississippi Valley.—The lease of the Deficit.............................. 106.566
P. & R. and 0. & I. CO —
Chesapeake & Ohio Southwestern Railroad to the Newport
o f C & I. Co...... 106,566
127,137
469,133
735.334
News & Mississippi Valley Company has been cane- led, hy Deficit
Surplus of Railroad Co. 30 9,-8 3
228.066
1,351,318
465.263;
reason of the new law in Km'uckj irobibiting companies,
B a l both com panies..sr.203,217 sr 100,929 sur.332. 85 def 270,071
associations and corporations of other States operating any
railroad in that State until they have become corporations of
* Note .—T he business o f the Lehigh Valley and Lehigh & Wilkes tiarre departments is included iu tile year l« 9 s and in Mav and June,
that State. The Newpi rt News has a Connecticut charter.
1892.

New Turk Stock Exchange—New Securities Listed.—
—The result of the operation of the Lehigh Valley Railroad
The Committee on Stock List of the New York Stock Ex­ for the month of May and six months ending May 31 is as
change has added to the list for dealings the following securi­ follows :
ties:
e ----------- Mat/.------------- , —6 mos. end. May 31.—,
P it tsb pr q 'F ort Wayne & CnicAdo—$2,586,861 guaranteed specia
1892.
1893.
1x92.
1393.
•took.
1 Receipts......................$1,567,4 63 $1,490,780 $8,512,469 $ S ,'9 3 ,0 0 7
Carthage ,fc ADIRONDACK R a il w a y —$ 1,000,000 first mortgage
4 per ceDt gold bonds o f 1931.
Com m ercial Carle Com pany —$2,284,000 additional capital stock,
making the lotal amount listed $10,000,000.
T exas & New O rleans R ailroad Com pany —$ 1,620,COO consolida­
ted five per cent gold bonds.

Philadelphia Reading & New England.-Default was
made by the Philadelphia & Reading Company August 1 in
the payment of interest on the guaranteed honds of this com­
pany, and also on those of the Phila. & Frankford railroad.
Pittsburg Akron A Western —At Akron, O., July 30, on
application of D. C. Reighard. of Pi tsourg, the Pitts. Akron
& Western RR. passed into the hands of a receiver. Judge
A. C. Voris. of the Common Pleas Court, appointed W A.
Lynch, of Canton, the President of the road, as the receiver.
The road extends from Akron to Delphos, a distance of 165
miles. It was hoped by the promoters of the line to sell it
to the Baltimore & Ohio, but that system declined to invest
in it and built a line of its own from Chicago Junction to
Akron.
Rio Grande Southern.—At Denver, August 2, E. T. Jef
ery, president of the Denver & Ri >Grande) was appointed ri
ceiver of the Rio Grande Southern upon the application <
Otto Hears, the President of the latter company.
Philadelphia & Reading.—Mr. J. Edward Simmons, Chai
man of the Committee of general mortgage bondholders, an
William Mertens, Chairman of the committee of incon
bondholders, have issued the following circular :
“ Tbe tinder!.limed, holders and representatives o f large amounts ,
the Rbote-uamrd denominations o f securities o f the Philadelphia
R eading Railroad t on,joint. be,eby call upon you to join them in the
effort to t roteet thi ir ii terests.
J
•‘In the pioeeedines before the Master in Chancery, the testim oi
shows iliitj tbe transactions o f the first seven months o f the lisc
I kre'
N'/*1*!, i a'*e " f “ e Lehigh Valley Railroad, show a loss,
.. i
5 ' •’ has “luce then been ascertained that this makes
total Iosb since Jau. 1.1892. o f $2,137,112 48.
“
“ In the satue proceedings it appeared tlpit during the receivecahi
non 1,Vt n 111 coat and coal accounts increased substantial]
l!le r.<“.s" lt o f continued purchases o f coal, while, in tl
meantime, the Reading s own output was •onsideiat.lv decreased.
’ -hi,1' ? ' alKll"K the above facts and ihe insolvency o f the compan
the divider d on the Lehigh Valley stock. ($50",< 00, due under tf
l e a e o n June 31 was paid, while the July 1 interest on the gener
mortgage hoods was allowed to go hy d* fault
&
thcVchiDh Vniiyi''P»^Ce? aS " } e
of
receivers to maintai
a d con,Im.ea,heV « r c ^ s e ^ “ eoal he 1,ayments 9,1Puta' ed thcreunde
‘ ‘-JM? inf.0,'.!1' 1,1 th a l,h e balance o f the year will show such improv,
iiient of the business in connection with the Lehigh Valiev lease tin
(lie lost incurred in the first half o f the year will l i e m ore than mod
up , bm . in view- of lust year's excellen ce and o f the general conditio
■ bus ness, such assertion is notonly hazardous but has no weight r
-V” elosf.'rn'ifuri^r t ^ p e f . era” mort^a e r° J

"

J

^

^

cornealonds.11''* 1 “

g

°

a

7

e

^

M

dc

P c n fS T m p e r iH n V ^ e e S S to J w o V ftt h

E x.enses....................

1.042,875

Earnings.................

$524,588

1,044,002

$446,778

6,701,199

6,325,804

$1,311,270 $2,567,123

Seattle Lake Shore it Eastern— Northern Pacific.—At
Tacoma, Wash., July 30. S. G. Wilstone, of Minneapolis, made
application to the United States Court ro have the Northern
Pacific Railroad Company enjoined from paying interest or
principal on the purchase of stock of the Seattle Lake Shore
& Eastern Railway, alleging that the trus ees exceeded their
authority in making the transfer of the road. The hearing
was set f tr August 7 and a temporary injunction granted.
As previously announced, in view of the action taken in the
Courts the coupon due August first on the first mortgage
bonds was not paid.
Toledo Nt. Louis & Kansas City.—The Armour -Havemeye Committee, holders of the first mortgage bonds of the
Toledo St. Louis & Kansas City Railroid to the amount of
nearly $2,000,0011, has appointed the following committee on
reorganization: John C. Havemeyer, H O. Armour, Jas.
M. Hartsborne, Otto T. Bannard and Merton S. Paton.
Copies of the agreement prepared by this committee are ready
for distribution and signatures at the office of the Continental
Trust Company, 18 Wall Street. The agnement authorizes
the committee to purchase the road in case of a sale for the
benefit of 1 he bondholders or to sell the b >nds and coupons
at par, or to effect any other settb-m-nt subject to
the approval of two-thirds in amount of the sub­
scribing bondholders. The committee may at any time
adopt a plan of reorganization which if approved by a
majority in interest represented at a meeting of
the subscribers called for action thereon, shall be oinding un­
less within thirty days after the date of meeting the certificate
of deposit of b >nds he surrendered The Continental Trust
Company will issue engraved certificates iu exchange for
bonds deposited under the agreement. The committee makes
no cash assessment, but will borrow for expenses an amount
not to exceed $5 upon the pledge of each bo d deposited.
Wabash.—The result of operations for the years ending
June 30 have been as follows :
1892.
$
Gross earnings......................................................... 14.339,331
Operating expen ses................................................ 10,832,526

1893.
$
14.220,444
10,807,604

N etearnings................................ ..................... 3.556,804
Miscellaneous receipts, interest, dividends, &o.
190,453

3,412,839
319,823

Total .........................................................
Balance, jo in t track rentals and Traffic Association expenses..........................................

3,732,663

Net receip ts..............................................
T a x e s ...................... .........................................

3,419,653
457,368

Net earnings applicable to in terest... ......... 2,975,600
Interest on bon ds...........................................

2,962.285
2,714,705

Dividend on preferred debenture bonds.. ..........

301,175
210.000

247,580
210.000

Net surplus..........................................................

91,475

37,580

313,010

—Messrs. Harvey Fisk & Sons report transactions of about
$1,000,000 daily in Government bonds. They have prepared a
circular showing the profit derived by batiks from taking out
circulation on fours at lit) to be equivalent to 12% per cent
and on sixes at 113 to be 13)4 per cent.
seven months endng June 30, 1893. $799,583 nave bee
An inceres’ ing compilation showing the highe st and low­
.paid on acct unt oi the jurcba?e of equipment, all of whio est prices made each year since 1883 on ninety leading railroad
is properly cbaigeable agaiDst net earnings. ^
' bonds has also been prepared by Messrs. Harvey Fisk & Sons.

THE

ACGCST 5, 1893.J

£ h e

(C o m m e r c ia l

CHRONICLE.

219
C O T T O N .

'J ' l m e s .

F r i d a y N i g h t , August 4, 1893.
The M o v e m e n t o f t h e C h o p , as indicated by our ceiegrams
from the South to-night is given below, For the week ending
-.his evening the total receipts have reached 10,713 bales,
F i: iiiay N ight , A ugust 4, 1S93.
igainst 10,305 bales last week and 11.091 bales the previous
Slightly more hopeful feelings iti regard to monetary affairs veetc, making the total receipts since the 1st of Sept,, 1892,
are entertained in commercial circles, iu good part in conse­ 5,061,467 bales, against 7,105,083 bales for the same Deriod of
quence of the returning tlosv of gold from Europe. Much 891-2, showing a decrease since Sep. 1,1892, of 3,043,616 bales.

COMMERCIAL EPITOME.

caution, however, is still manifested, and business in general
merchandise is principally of a perfunctory character. Wheat
has been purchased less freely for export, but foreign b u y e rs
give satisfactory attention'to corn, oats, hay and dairy
products. A heavy decline in price of cured meats h a s taken
place during the week in consequence of failure of prominent
Western operates, b u t at the close the feeling is ste a d ier.
Threshing returns at extreme we-tern limits of wheat t.-rri
torv axe somewhat disappointing, but exceed estimates in
Ohio and Indiana. There is no important change in condition
o f spring-wheat crop.
The following is a comparative statement of stocks of
leading articles of merchandise at dates given:
1893.
Aug. t.
Pork..........................
...b b ls.
hurtl......................... .
— tea,
Tobacco, d om estic ,
..lllKtll.
Tobacco, fo re ig n ...
-bale*.;
Coffee. R io ...............
Coffee, other............
Coffee, Java, A c ....
8agar........................ .........hints.
•agar.
.....b o s e a .
..bags, Ac.
S & ;
......... hints.
MnUsAe*. foreign ..
Molasses, doinestio
..bbls.
Hides........................
-Vo.
Cotton............. ........
bates.'
B oats..
..tibia,
ffptrtU) turpentine... ...........bbls.

6.628

9,-29
17,4 n
49.747
196, V>8
53A*. 0
83,755
5.538
Noa«.
293,473
None,
1.131
3.000
324.400
137.049

1893.
Ju ly 1.

.1892.
Aug. 1.

5.488
8.504
11.303
31,602
157.428
61 091
96,980
3.0 s«
None.
214,422

Nnne.

1,318
3.IOO
326,060
174.721
28,732
l.« 7 o
3,385
12,500
9.300
None.
15,0*0
17,230

12,382

16,02

17.9s
41 ,4-8

317A1

118.220
22 000
13.t 41
None.
639.418

Galveston.........
El Paso, tfeo ..
New O rleans...
M o b ile ..... . . . .
Florida..............
Savannah.........
Bruns Wk.A-o.
C h a rleston .....
PC Royal. Ac.

.

,

*»t

it on.

Tun,

Wr, I

nun.

.........
2,960
3

61
......
45
19

271

*217

-

7
..... » !

3
?

T oll* this week

3.482

409
25
196;
324
.........
148
150

74

1.601

Thurs.

Wed.

72
.........
354
92

23

*
.........
.........

.........
22

......
24
2

31

375
52

238
12
4,579
243

267

1,444

18
......
2

31
......
33

273
18
100
......
862
51

1,242
97
296
324
63
1,010
1,096

2,036

10,713

258
......

.........
2
.........
2

......
22

......
......
8

347

211

......
3S
......
260

1.664

381

1.369

Total.

44
12
282
104

.........
933
25

........
103

328
......

Fri.

The following shows the week’s total receipts, th** total since
Sept,

t, 1892, and the stock to-night, compared with last year.

N o b s .

FH.

34

........
130

for prime City, S loe, for prime Western, and 8 73c. for re
West Point
fined for the Comment. The speculation in lard for future
.V p iN .A e
delivery in this market has been more active. but at decidedIt
lower pricea, owing to ihe sharp break at the West, due to tin Now York ..
failure of the so-called clique operator*. The close was steada Bmixm . . . . . .
Baltimore.,.
at a moderate recovery from the bottom prices of the week.
Phtladel.,Ao.
»*it,r m a m m r m * * or w an Ftmraat.
.

Mon. J Tues.

Wasb’ton, Ac.
Norfolk..............
West P oin t...
N'port N.,Ao.
New York.........
B oston ..............
Baltimore .......
Phthulelph'aAc

1.207
Bemipt# to
5,600
A u g . l.
415.210
29 ’ ,323
28.S01
15.002
1.872
2.720 Galveston ..
bbls.
1.91*
El Pam* &.©
2.645
Klee. E. f ....... ___________ basis.
11,0 0
10,800 New Or team#
Klee, domestic . . . . . . . . . . . .bbls.
bill*
5.200
2,tOO
Unsee.1 .. ............ ..
..bags.,
None.
Nous. Monils..........
13.500
Baltpecre......... .
13,750 Florida.......
•halaa.
18.O*»0
90.700 Savannah .
j & K i P: : : r : : :
3,000
3.000
None.
Br'wIck.Ae
B lsg ficiup................ ........ bales.
13.362
7,797
3,613
P lonr................ bbls. and sacks. 2tS .o>0
lgMPO
15 ,700 Charleston .
P R .y sil.A c
Lard on the spot has broken badly, soiling a# low as 7*S5e W llmlnvten.
for prime Western on Tuesday, hut later partially recover*
Waiih’ a, A c
on an active export demand, and the clone was sternly at 7 50c N orfolk ., ..

-

Sal.

Receipts at—

Total*......

1892-93,

1891-92.

Thu

tltnee Sep.

Fret.

1,1892.

238 1,039.487
12
50.468
4,379 1,537,755
213 163,403
23.159
1,444 782,410
140,264
......
31 287,129
427
33 159.84W
745
1.212 286.766
97 191.632
296
22,716
48,756
324
119.638
68
1,010
08,08*1
1,090, 69.467
10,713 5,061.467

S tock

S in te Sep.

T hu
Week

1,1891.

1893,

1892.

532 1,141.753
13.725
16.900
.......
43.539
55,13 1
76,573
3,293 2.408 466
*7 204 9-13
7,101
4,396
24,776
972 1,019.593
12,004
4,578
105 170.022
103 102.298
13,577
11,586
1.676
.......
56 101.18s
3,546
3,936
......
2,342
11,553
183 519,934
3,954
254 335.563
68
537
......
47,729
20
89.783 113.815 288,295
1.648 143,757:
3,000
•1,100
1,095
8.741
99.195
13.741
26 2 89,110,
12,081
6,040
8,630 7,105,081* 298.712

440,026

18111.

1888

September delivery,...e, 990 9t» T-<*» tv.O 7*88 -IC
In ir u*r that comparison may be made with other years ws
October delivery
................... 710
7'60 VsO «•<«
give below the totals at leading ports tor six sea-tons.
Pork has declined with the West, but the cl -sc was steady
though quiet at #15

to r m m *.

Gutme.it* are in light supply

and steady. Tull *w hue declined to 4*,c.. clewing steady.
Cottonseed oil is dull and unchanged at 35c. for prime crude
and 48c, for prune yellow. Lard stearine ia lower at I0l7c.
Oieo stearins ia firm at 9c.fl91*0.
Coffee neglected and more fr—dv- offered, e losing weak and

lower prices. Kio quoted at 16<-4c. for No. 7; good Cunita,
2O I2OI4 C., and interior Podang. 23023 t^c. Contracts for
future delivery mostly Soil in liquidation, with depressing
effect upon value, especially for near options, bat close some­
what firmer to-dty on a covering demand. The following are
the final asking prices:
A ug.,..,........ 18 15.. Set...........,...15*150. 1Feb................ j l <>0,3.

5«P*.........

1* 3'.'c. *Dee .............15130. 5teh .............. J4 so,*.

■°®t.........- ........ 15*200 |Jan................... ia -0 0 0 .1 May..................... 1 i->5c.

Receipt* a i— ; 1893.
•ialvcs'n.Ao
Sew Orleans
Mobile .......
Savannah-.J
Char'tun.Ac.i
Wllra’ ten.Ae
Norfolk . . . .
W. Point.Ac.
All oth ers...)
Tot, tbl* w k .1

1892

240
4,479
243
1,111
31
33
1,242
393
3,493
10,713

j

1890.

1889

532
3,293
47
972;
163
50
183
280.
3.130

607
1,442
201
1,570
451
54
370
412
1.737

201
331
3.5
156
6
19
111
449
112

14*2
263
9
120
40
17
2
118
299

871
1,544
139
1,695
615
102
1,529
965
2.425

8,656

6,8 50

1,419

1,010

9,915

Since Sept, 1 3061.467 7105,013 6907.69 i 5801,007 5509,031 5507.511

The exports for the week ending this evening reach a total
Raw sugars in better demand and firmer: centrifugal jf 31,486 hales, of which 16,458 were to Great Britain, 461
auoted at 3.^c. for 96 drg. test and muscovado at 33*c for 99 10 France and 4.567 to the rest of the Continent. Below are
deg. test. Refined sugtrs remained steady and found fair the exports for the week and since September 1, 1892.
average trade demand : granulated quoted at 5 3-16c. Teas a
W uk Sndine) August i.
from St e l. 1.1892, to Aug. i. 1SB3.
shade firmer.
Bxrporitd t&—
S r y i .'.i tn Kentucky tobacco ha* sold slowly but prices are unchanged
and firm. Tne inquiry for seed leaf cobtcco is si-.w hut prices
are steady: sales for the week were 600 case*, also Sun bales
Havana, 7 0 c.«# l ib, and 200 bales Sumatra, $2 85
25.

The market for Straits tin hm oe«a dull, and in the absence
?o 2?*
•“ I'*t*ve hutere-v oa-t ea-ed off a trifle, closing at
ls ooe. Sales for the week were considerably less than mo
ton* Ingot cop.ier » dull, weak and 1rtwir clofsku at 9-853.
I>*ad is quiet and a »rifle easier, cloving at 8*SMJj. Pig iron is
unnnang 1at #13 75 g io 50.
1
WR-fined p'troieum 1- dull *nd u*ich u u » l at 5*r* . in bbls ,

V8 )c. in hats and -VsPj, m <5ns *s; cru Id in ohls. Is dach tn g‘J,
\\ashmgtou cloatug quiet 3*. I••‘5 . in bb *. an I 3*8Jc. i i uul t;

naphtha

Crude certificates hive oeen dull out th" close

Oortft- Total
& m t!
Grmt
t t m n . t r anet m m . Wttk. Britain. franc*
Galveston___
Vetereo. Ac.... .. ...
JC«w Orleans.. v y m
MoMleAr Pen. ......
Savnimafi. . . . . ......
tmmssrtek..... ......
CfeAfieAton ..... ......
WHmlBitton...
Norfolk ... ...
W m l Point..*. ..... .
S > 1 Saws, Ae
.....
mw Y ork.,... 3,1*1

B oston.........
Baltimore*. ...
t*t!ila.l-..||.’,i,Ae

9 ,n s

m
was stead, at 5 1* till, S u m s to r M a m i n is further de­
.m
clined and tb*> «|.» * w w dull nr 25 4 >1X>>4
K ,si is ire low t
Total .......... m am
and weak at 90c *»fl for comm >n and go id strained. Wool ia
dull and unsettled. Hope are firm but quiet.
^
Total.
9.A89

a. ...

.....
......

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

75 10,»si

_____
......
*-**♦*•

...... .

......
mi
,

100

.....
46i

...

.......
......
......
......
......
.......
......
.....
IM*
... *

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

223

I.S0I

......

217

.......
......
......
......
8,MS
2,723

452,600 133,718
, ....
i i,m
9-31,98:) 335.409
43,080
01,711 24,727
67*776 'ZABO
80,084 7,000
74.102
io:uo; ......
83,230
......
I0*8f2
401,0*8 n v m

*20, IH
10 817
10.187

Oontu
mm.
i7 2 .m
33,212
881,2)8
- 49o
*77,78)
20,409
122,058
67 020
3*1785
7,700
-a.
108,149
0341
118,39)
410

rota..
750,000
5 i.U l
1,313.473
44,000
334,213
80.755
217,550
1.12,031
111.262
69,938
10,992
005,303
22O.055
21.1933
19.803

IM 1 81.184 2,350.717 647,344 1,430,113 4.3*3.174

7.021

10,710*3,375,865 «8».ue 1.758 2S9 5.82).370

THE CHRONICLE.

220

[V ol . LVII,

T he Sales and Prices of F utures are shown by the
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not following comprehensive table:
cleared, at the ports named. We add similar figures for
*■3
s
3
New York, which are prepared for our special use by Messrs.
C^ODO
Q^ap®
< ° c^ oori
fc
2.8# S3 © 2.2.3
»-t
£
a
Sf 2.£*r? © --S ’ © 2-S.cc 3*
Lambert & Barrows, 24 Beaver Street.
£
as eT© ©* 0B© © 2
IB© © OB ® © © 5 OB9 9
* ® *0®5
•r© os ft cr© ® p *
r--o an
*5©
s'*!
© tB- JO
fnr
On Shipboard, not cleared—}

A ug. 4 at—

Other 1 Coast­
Great
France. Foreign wise.
Britain.

Total.

1,011
None.
None.
None.
None.
5,500
3.800
5,3 )0

2.279
None.
None.
None.
None.
None.
71)0
None.

767
1.501
245
None.
300
None.
200
None.
None. \ None.
1,000
None.
4,.100 None.
2,000 I None.

6,481
245
300
200
None.
6,500
8,600
7,300

Total 1 8 0 3 ...

10,331

2.979

7,801 | 2,512

29.626

Total 1892...
Total 18 91...

16.0 6
14.895

M ob ile .............
N o rfo lk ............
Other p o r t ___

8,837 | 506
3,350 l 1,964

2.738
364

* Ti c >

Leaving
Slocfc.

a tr

$<
*J
©
>
99

48.703
18,480
11,704
13.377
4,396
5,055
130,235
20,136

-J
o

412,449
196,287

I

5=8
6
6 5ie 6 78
7V
7ai«
76a
79ir
7 7a
71*16
81,a 8 16
83a
fie
8*1«
878
95, „ 9*4
5 iii«

Strict Good O rdinary...............
Low Middling.............................
Strict Low Middling..................
M iddling......................................
Good M iddling...........................
Strict Good M iddling...............
Middling Fair............................
F a ir ........ .....................................

558
t>
678
73ia

5«8
0
6 7g
73,ft
79, n
7l3ie 713.6
S
8
85, „ 85.6
8 >s
8 bi
8 "ft
87a
9>4
9)4

Th.

F r i.

5*16
515.6
619,e 6
7)8
7) 3
715.6
8 )4
8 16
813.6

7 78
f 16
83s
8%
9%
F r i.

GULF.

S a t.

M on T n e» W ed

Th.

Ordinary......................................

$ !5ie

Good Ordinary..........................
Strict Good O rdinary...............

iJ
3)8 534
6 ,6
6>s

X,16

5 7e
6'4
7*8

Strict Low Middling........... .
M iddling......................................
Good Middling....................
Strict Good M iddling...............
Middling Fair.............................
Fair...............................................
STAINED.

7)8
7)ie

7 7s
8h>
Ps?8

S 'is
S'*
8916
8™18 8 %
9)«
9h>
S a t.

G ood O rdinary......................
8trict Good O rdinary...............
Low Middling.....................
M iddling..................

578
6)4
7*8

? Ii8
s !318 Bill*
«)»
8» .g 89,6
83.
84»
9)ft
9)8
9%
9)3

in o n T u e a W e d

5»1«
Obijg
§*l 16
7^8

5%
5%
6»8
7»i«

5)fl
G^ft
7 uib

5)8
5%
7“ ie

748
7%
8
§?18
8)3
n!*le
f 16
T il.

75,6
X! 18
X .>16
8^8
87*6

Sat’d a v .
Monday
Tuesday
Wed'day
Thur’d’ y
Friday..

Quiet * steady.
Dull at >16 d eo..
Q uiet.................
Easy...................
Quiet at i , 8 deo.
Quiet at I , , dee.

BALES OF SPOT AND CONTRACT.
Con- Spec- Con­
sump. u lt'n tract.

500

132
102
223
43
96
143

Total. 1............................ • 729

.739

2*9
200

1,900
8,300
5.500

Sales oj
Futures.

2,032
8.402
5,752
243
96
9,143

33,800
66,200
122.300
86,30u
70,900
109,000

24,200 25,668

488,500

8.500
....

lotai.

0

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MABKET AND SALES.

E x­
port.

O
O

3

0» ®

©3—C
**1
85:
P I CO
dQ. |
©• 1

938

The total sales of cotton on the spot and for future delivery
eacti 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
s a m e days.
SPOT MARKET
CLOSED.

C
to

o x-i<5

e:

: S -gS 1
:
z rz
, •
85 •
W
4 • 2 • CO
p: 1
<n. 1 f (7Q■ 1
©•
: ®:

|

M on T o e s W ed

S a t.

cc
I

pi r
n. s

X. ■B9 ?

*© ©-

October.

UPLANDS.

- j - j 5;
©» ©i ©
If-W, **
i ^
CM

-3-4

P

1

110,000
7*90

Speculation in cotton for future delivery at this market
as
fails to expand. The trading public is exceedingly timid
about entering the market for new ventures until better satis­
fied with the financial outlook, and the regular lines of oper­
ators content themselves with merely creating a sufficient
number of engagements for the later months, to balance the Co I . -3X
settlements making in the near-by options. Liquida­ Vj
5 '
tion of “ long" contracts has predominated during the cur­
rent week. Local sentiment favors the theory of fairly
healthy conditions of trade in Europe, but that has been -4
neutralized by some improvement in weather at the South ji
through which drought damage is believed to have been in a *
measure airested, by further curtailment of production at
Eastern mills, and by offerings from primal markets of new
cotton for delivery' this month. Saturday opened with a
firmer tone and the small shorts covering, under the
influence of a few dry weather reports from Texas; but on
Monday prices promptly weakened and declined under receipt 5■9l
of advices indicating rains in localities in that State. On © ^ 00
Tuesday a more general rain report and heavy failures in com­
mercial circles at the West had a very discouraging influence
upon the bull element, which disposed of its holdings with -*
CD
much freedom and broke the va'ue line 15® 10 points. A par­ 0>-» rr
O©'
tial recovery took place on Wednesday because of lighter
Mo
offerings, but yesterday liquidation was increased and prices O
O
O
fell away again. To-day the tone was unsettled but generally
inclined to weakness and closed lower under tame accounts
from abroad. A small failure occurred in the local trade. -3
Cotton on the spot has sold slowly at declining prices, closing —4 00-3
at 7>gC. for middling uplands. The Liverpool market will re­ O 0 O
O
main closed until August 9, observing bank holidays.
The total sales for for ward delivery for the week are 488,500
bales. For immediate delivery the total sales foot up this week
23,665 bales, including 729 for export, 739 for consumption, O
°9©»
------ for speculation and 24,200 on contract. The following are
^ -1
the official quotations for each day of the past week— -1 ^ 0
O
0
July 29 to August 4.

v s*

T5*© cN
: sig-t

cl

CD C C»

3 dp® .
© oct
r1 ooc©
toc p*

257,086

28.177
20 573

=
rf*’ I
P
05•
.
'©
tfi

IS : :

la;:

is::

1*;:

<
r
1 a: :

M i |

111

I I : |

II i

1 1i

M

S

II

5

n

11

i
-j

M

:

h

I I

* Inoluaea saLea in Septem ber, 1892, for Septem ber, 1,700; Septem ber-0otober, fo r October, 420.50P; September-November, for N ov em ­
ber. 8 79.90<; September-December, for December. 1,931,500; Septem ber-January, for January, 6,754, to- ; September-February, for F ebru ­
ary, 3 ,0 14,6<k ; September-.Viaroll, for March, 9.718,4 » ; September April, for April, 3 .4 2 3 .4 )0 ; Septembor-May. for May, 6.670.200;
September-June, for June, 4 ,ls 9 ,8 o c ; September-July, fo r J u lv r
l,785,7ou.

For exchanges see page 223.
to-night, as made u p b y 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 f o r to-night (Aug. 4l. w p ad-1 the item of exports from
the United States, includiog in it the exports of Friday only,
T he V is ib l e Su p p l y o f Cotton

THE CHRONICLE.

A ugust 5, 1893.J

1891.
997,000
19,000

1890.
713.000
20.000

Total Great B ritain stock . 1.239.000 1.465.000 1,016.000
4,700
5.300
12.000
Stock at Hamburg................. .
116.000 109,000
84.000
Block at B r e m e n ......................
21,000
22,000
16.000
Stock at Amsterdam................
*200
300
200
Stock at Rotterdam .................
7.000
12.000
9.000
Stock at A ntw erp......................
370,000
213.000
405,000
Stock at H a v r e .......................
10.000
11.000
.8.000
Stock at Marseille))....................
93,000
80.000
98.000
Stock at Barcelona...................
21,000
10.000
14,000
Stock at G j i)a ...........................
31.000
53,000
44,000
Stock at T rieste.........................

733,000
4.400
33.009
6,000
200
6,000
137.000
4,000
56,000
4,000
3.000

1892.
1893.
1.28 L000 1,453.000
7,000
12,000
Stock at L ondon........................

490,000

253.660

1,9 73.200 2.173.500 1,506.000
51.000
52.000
46.000
India jetton afloat fo r Europe.
7 -.0 00
53.000
29,000
Anirr. oott'n afloat for E urope.
12.000
10,000
13.000
Egypt B raiU ,A c.,afltforE 'rp e
Stock in United States p o rt* .. 286.712 410.626 216,360
91.651 152,473
61.536
Stoek In 0 . 8. interior tow n s—
8.222
4,459
641
United Slates ex p orts to-d ay.

991,600
in .m x )
26.000
7.000
59.155
7,277
1,333

Total Continental stock s____

634,200

703.500

221

Q u o t a t io n s f o r M id d l in g C o t t o n a t O t h e r M a r k e t s ,—

Below we give closing quotations of middling cotton at South­
ern and other principal cotton markets foresee day o the week,.
OLOSLSO QUOTATIONS C’Oti UIOOUNO COTTON ON—
August 4.

Salur.

Mon.

Toes.

Wednes.

^ikiveston...
fe s r Orleans
Mobile..........
isv a n n a h . ,.
Charleston..
Vtlmlngton.
V orfo lk ......
Soaton.........
Baltimore.-.
Philadelphia
Hupiata. . . .
Memphis___
« . L ou is___
H ouston----Jloolnnati..
Louisville,..

713
7»s
78i
7»s
7%
73)
7%
B&mt
3%
338
7 » is
75g
7=3
7%
8%
8

7**j
7=3
7L)
7%
7%
7 j3
7*

7*s
7=8
74>
7=8
7=1
7is
7=4
S
3
3=8
7 D i8
7=8
71‘ is
7=8
8 >3
8

7ia
7=s
7hi
7%
7=1
71))
7=4
8
8
3=8
7 ‘ Ms
7=8
7*,«
7=8
3*8
8

8*8
85)
7 l l 18
7=3
7=3
7=8
8>s
8

Thurs,

Fri.

7 71S
7=s
7ia
7%
7=4
76)
7=4
8
8
8=8
T-UlS
759
7»ie
7=8
8*8
8

7=16
71-2
7)3
7=8
7=4
7=9
7 D ia
71=18
8
314
71116
7=ie
7=16
7=3
Sifl
8

The closing quotations to-day (Friday) at other important
2,497,785 2 ,389,058 i . 670,037 1,203.420
Of the »:wve,the to ta lso f American and other descriptions areas follow s: S o u th e r n m a r k e ts w e r e a s f o l l o w s :
Am rr w s n A tlanta............
7=8 N ew berry.........
7=18 Little H ook . . . .
1.041,000 1,231.000 775,000 363.000 Oolumbus, G a.
I iv e rp o o l s t o c k ...____ .b
7=3 M ontgom ery. .
7
R a leig h ............
7*8
Conduental sto ck s ................. . 552,000
552.000 501,000 318,000 161.006 Columbus,
7*a S e lm a ..............
N a sh v ille ....... .
7=s
7
1
*
53.000
American afloat fo r E u rop e..
7 .000
26.00r* Sufaul*.......... a
29.000
S h rev ep ort. . . .
7
N atohea...........
7=18
440,625 216,360
United S t.tea sto ck .................. 296.712
286.'
59.155
Receipts F rom the Plantations.—The following table
91,651 152,473
United St »tealnterior*tooks. .
61,566
7.277
8.222
641
United St »tee ex ports to-d a y .
4.459
1,333 indicates the actual movement each week from the plantations,
Matt Indian, B rasil, Me.—
L iverpool stock....... ................
London «to ck ............................
Continental stocks ................
India afloat fo r E urope.......... .
Egypt, Braxil, flee-afloat....... .
Total Ea*t In d ia ,ts o .. . . . . .

2,051,335 2,383,558 It.399,037
211.000
241.000
7.000
131.200
13
54.000
1*2,000

219.000
12.000
204,500
52,000
13,000

622,820

222.000
19.000
174.000
46.000
10,000

345.000
20.000
97,6 10
111.000
7,000

446,200 500.300 471.000
2,031.585 2,383,558 1.3U9.U67

580.600
622.820

The figures do not include overland receipts nor Southern
flonsumption; 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«tk
Ending—

\B tu ip tia tth e Ports. \3VkatlnStr4orTownt.Iflec'vtsfTom Ptant'ns,

j 1W>1.

13.483
Total Visible supply.......... 2,497.7853,339,049 1,881.527 1,203.420 July 7....J W 7
" 1»..... 1 u. m
Price Mi l. Up!., Liverpool-----l ’ t,d .
41.
4»sd.
o n .-d .
P rice M id. UpL, Mew York____
7 ’ »e.
7=*a.
8%3.
l a 1* ■.
“ *1..... 82102
“ » ..... 7,830
t y The imports into Continental porta t h e p a st w e e k h a v e
&&0
Aa*.
been 36,000 bales.

The above figures indicate a decrease in the cotton in s ig h t
to-night of 391.273 bales as compared with the same date
o f 1892, an in crea se o f 636,258 bales as compared with the
corresponding date o f 1891 and an in cr ea s e a t 1,291,883 b a le s
as compared with 1890.
AT t h e I n t e r i o r T o w n s t h e m o v e m e n t — t h a t is t h e receipts
for the week, and since September 1, the shipments for th e
week and the stocks to-night, and the same items for th e
00 treeponding period of 1891-62—is set out in detail in the
fohowing statement.

ISOA j 1803. 1801. |ISM. ISM.
16,474; 19M S 103.676 t82.$2l 1:15,39;?
12J97I, W 91 03.813 174.54» 125.7*0
16.17$; 13.7« «6.$77 l r i « U < W
18,0;5 ll,0:i 71.763
jio.260
3.070 10.203 06.676 166,6071 07.788
8.656 10.713 61 686 152 173! 91.031

1801. 1892.
6,468 6,190
4.794
7,001 7.32S
...... 5,668
2.243 2.107
1.760 5 022

1S93.
4,569
8,771
10,148
894
4.576

The above ■uatement shows: 1.—That tne total receipts from
the plantations since Sept. 1 in 1893-93 are 3,021.431 bales; in
1891-92 were 7,291,627 bales; in 1890-91 were 6,934,712 bales,
2.—That, although the receipts at the outports the past week
were 10,713 bales, the actual movement from plantations was
only 4,376 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 5,623 bales and for 1891 they were
1,760 balee.
Overland Movement for the W eek and since S ept, 1.—

We give below a statement showing the overland movement
for the week and since September 1. As the leturns reach us
by telegraph late Friday night it is impossible to enter so
largely 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. 4
and since Sept. 1 in the last two years are as follows:
1892-93.
-1
c to—
«ir.c*»»s»M —
.
: *2
K > a K c «b v « 3 C K -ie

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y -| 8 i

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<c«4»d6o
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O•KS'aeoO'i r ~ i. : c ——v .—

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*-*■-*-n o, tevac&*.•*>©•

c**»

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op
Qo«-*eiso»s5»-^f 6-tc; M o a « * - o c s
*iw> ©si<y»c —oes —

IS
pts
+*15 j
; ac-i m c
qm;
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J V S S 6!*, o —* - « V K U f t s a a j
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C l i o - »s>tS»SKii U * X i i C w C 'l 9 9 w 'S - C - t t » C > a o »

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—•
—•
• • • • O*
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v o •••iMwo: -ana;. *4* ;. ;. uuHMesa)
** 3* isoocses*—WiAO»©'-#-J©*
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©W-3** $&&&<»£>
^1 —* « © SC© -J© - I

Is

►*5» KSIS® > W6®5S*>-I A. * -4© 0» »SQD©

© M O c b © o » c s »©wb* odtoV « © V V ® *i ;x V *r x '- w

2?£2^tr'*“
, 3 r c * " “ ©©©*,.©©^
z * c - ‘©ii©***5*X©Ci©tSw-©SD
i i » a d c t - - i s t t a a - 'i
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■•©;?*»«, W‘-ISOt^-W

6

August 4s.
Week.
Skipped —

©*- — «-*o kjic; c»; •
«-*co»
o«m
« c
o w o - o * M - i w ; o ; ; o « o * i ; csa*occcp©c»e
C ^ ^ O H M O J O t *-» - K ^ s o - **#*V C **© «-

case® *4 *■w©
KHOCWOSO
CPC9=lOOtetO

Wee*.

Via Loul*,411e................ ............
Via C in c in n a ti................. .........
V la oih er route*, A c ....... ...........

652
448
302

T otal fr o * * o v e r la n d .......... .
Deduct shipments—
Overland to N. Y ., B oiton , A c ..
Betw een Interior town* —.........
Inland, A c., from South .... ........

2,498
5
586

366,147
27,532
72.205

3,025
136
827

425.83.V
62,864
103,645

Total to be deducted................

3,039

405,881

3,988

592,344

0,163 1,249,451

843.567

2,225
277

Since
Sept. l .

3,912
88 4

Leaving total net overland*..
3,079
•InolutllUK m ovum eul by rail to Canada.

413
441
1,047

690,484
350.272
162,324
37,803
206.93T
162,951
103,412

4,403 1,774,183

415 1,181.339

S 3
The foregoing shows that the week’s net overland movement
I 3 this year has been 3,079 bales, against 413 bales for the
C
week in 1892, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 338,272 bales.

*4 *
a 55

o©~*: © © -1 * *»
• -» !? OWM <**•,
vw* >st/'» aiiBwjaiwic»—©■ C 10•vie to. v j^ X ^ » »tl> w 0 »H C O

485,020
204.*21
138.802
14,129
131.163
109.875
10 >.341

1891-92.

Via HL L ouis.................................
Via C airo.......................................
Fla H anuibal................................

In S ight a n d S p in n ers’
©»S#
o< »-

Sines
Sept. 1.

9a, wI

LonlkvlUc tignres “ n e t " in both years.
* This ve»r”« figures estimated.
* Ac Cast count.

Tt e above totals show that the interior stocks have decreased
during the week 6.137 bales and are to-night 69,822 bales
less than at the same period last year. The re relpts at all the
towns have been 933 bales m ore than the same week last
year snd since Sept. 1 they are 1,191,939 balee test than for the
same time in 1891-92.

T akings.

1892-93.
S in c e
S e p t. 1.

WccS.

1891-92.
Wee*.

Since
S ept

1,

Receipts at port* to Aug. 4.
Net overland to
tc Aug.
‘
4
Southern consum ption to Aug. 4..

10.713 5,001.467
3.079 843.567
8.000 648,000

T otal m arketed....... ................
interior stocks In ex cess...............

21,792 6,553.034
*0,137
136,983

17,071 8,895.922
'3 ,0 3 4 .
96,544

15,855

14,037

Came in to sleht during w eek.
T otal in sight Aug. 4 ------ ------

North’ n spinners tak’g s to

A ug. 4

8.658 7,105.0
415 1,181,3
8.0(H)600,000

6,516,051

8,992,466

. 1,706.81!

2,175,133

* Decrease during week.
1 Less thin Sept. 1.
It will be seen by the above that there has come into sight
during the week 15,635 bales, against 14,037 hales for tbo
same week of 1822, and that the decrease in amount in sight
to-night as compared with last year is 2,476,413 bales.

222

THE CHRONICLE.

W eather Reports by Telegraph.—Advices to us by tele­
graph this evening indicate that the weather during the week
has on the whole been favorable for cotton outside of Texas,
and that the crop has improved. In Texas, however, although
there has been beneficial rains at two or three ooiots, the
drought is as yet unbroken and cotton has b-en considerably
injured. Moisture is needed in a few districts in Tennessee
and Arkansas. Picking is under way in Texas.
G alveston, Texas.—Texas corn and cotton have already
been badly hurt by drought. It has been showery on three
days of ihe week, the rainfall reaching seventy hundredths
of an inch. Nine bales new cotton received ttiis week, mak­
ing 41 bales to date. The thermometer has averaged 82. the
highest being 92 and the lowest 72. During the month of
July the rainfall reached two inches and ninety-six hun­
dredths.
P alestine. Texas.—Corn and cotton are suffering and are
already badly damaged. We have had one scalding shower,
doing more harm than good. The rainfall reached twentythree huidiedths of an inch. The thermometer has
averaged 8ft. ranging from 72 to 100. Rainfall for the month
of July nine hundredths of an inch.
bu n ta ville. Texas. - Dry weather has prevailed all the week.
Crops have been badly injured. The thermometer has ranged
from 74 to 100, averaging 87. July rainfall one inch.
D allas, T exas. —C«rn and cotton are injured beyond re­
covery. There lias been one miserable shower during the
week, the precipitation reaching but sixteen hundredths of
an inch. Average ihermometer 84, highest 100 and lowest
68. Randall for July twenty eight hundredths of an inch.
San A n to n io , T exas. —There have been splendid rams on
three days of the week, to the extent of one inch and twentysix hundredths. The rain was beneficial to cotton, but too
late to help corn. Cotton, however, needs much more mois­
ture. The rains were confined to this and two adjoining
counties. The thermometer has averaged 86, the highest
being 102 and the lowest 70. During July the rainfall reached
ninety-nine hundredths of an inch.
Luling, Texas. —We have had light showers on three days
of the week, doiDg no good. Late corn is ruined and cotton
badly hurt. Picking is In progress. The rainfall reached
twelve hundredths of an inch. The thermometer has aver­
aged 85, ranging from 72 to 98. The rainfall during the
momh of July has been twelve hundredths of an inch.
C oin tib ia , T exas .—We have had showers on two days of
the week, but need more badly. The rainfall reached sixty
seven hundredths of an inch. The thermometer has ranged
from 72 to 98, averaging 85. During the month of July the
rainfall reached sixty-six hundredths of an inch.
t'u ero. T exas. —We have had one splendid rain during the
week, helping cotton but too late for corn. Picking is active,
The precipitation reached one inch and two hundredths. Aver­
age thermometer 89, highest 102 and lowest 74. During the
month of July the rainfall reached one inch and fifty-six
hundredths.
B ren h a m
T exa s .—Dry weather has prevailed all the week
and there is great suffering for moisture. Both corn and
oot'on have hern badly injured, The th.rmomecer has aver­
aged 85, the highest being 100 and the lowest'70. July rain­
fall eleven hundredths of an inch.
B elton , T e x a s —There have been splendid rains on two days
of the we* k. doing immense good to cotton but too late for
corn. The precipitation reached one inch and two hun­
dredths. _ The ihermometer has averaged 84. ranging from 68
to 100. The rain all during the month of July was thirtyseven hundredths of an inch.
F o rt W orth, T exas. —Although there has been moisture the
past week it was altogether insufficient and crops are suffermg grratly. Tht-y have been injuied in fact past all redemp­
tion. In districts where grasshoppers have appeared thev
have left many thousands of acres a desert without a single
blade of vegetation It has rained lightly on one day. The
rainfall reached thirty hundredths of an inch. The thermom­
eter has ranged from 70 to 100, averaging 85. July rainfall
Beventy-five hundredths of an inch.
W ea th erford , Texas .—We have had light showers on two
days of the week, the rainfall reaching but forty-one hun­
dredths of an inch. The drought is terrible and crops are
burning up fast. Farmers are utterly despondent. Average
thermometer 84. highest 98. lowest 70. Rainfall for Julv
seventy-eight hundredths of an inch.
New Orleans, L ou isian a.— It has rained on five days of the
week the precipitation being one inch and eighty-nine
■ hundredths. The thermometer has averaged 83. Julv rain­
fall three inches and seventy-two hundredths.
■'ihrei<*i)ort, L ou isian a .—It has rained on two days during
the week, to the extent of fifty hundredths of an inch. The
thermometer has averaged 85, ranging from 70 to 101. Dunne
Die m .nth of July the precipitation reached one inch and
nity-eiKiir hundredths.
L a k e Charles. L ou isian a.— 'Telegram not received.
C> I w O i u M uxissipfji.— C ou on prospects continue to improve. We have had rain on two days of the week, the rain­
fall reaching sixty-eight hundredths of an inch. Average
therm, 'meter 86. highest 107 and lowest 69. During the
ffiedths°f JU 'V thC raInfa11 re“ ched on e inch and eighty hunM er u iia n .M is sis sip p i.—Crop prospects are good. It has
° f the ^
ThS thermometer has

[V ol. LVII,

Leland, M ississippi. —It has rained during the week to the
extent of sixty hundredths of an inch. The thermometer has
averaged 81, the highest being 94 and the lowest 67. July
rainfall two inches and seventeen hundredths, on five days.
A ttle Hock, A rk a n sa s. —There has been only a trace of pre­
cipitation the past week. There are indications of rain at
present, and it will be very acceptable. The thermometer has
averaged 81, ranging from 70 to 96.
H elena, Arkansas.—Crops are reported to be spotted. Rains
have been local showers aDd while some localities have had
plenty others are needing moisture badly. Tnere are indica­
tions of rain this morning. There li ivebeen light showers on
two days of the past week, the rainfall being eight hundredths
of an inch. The thermometer has ranged from 70 to 97, aver­
aging 82. July rainfall five inches and thirry-one hundredths.
Memphis, Tennessee.— The weather has been dry and hot all
the week except a miserable shower on Monday morning.
Heavier and unequally distributed rains have fallen at other
poin ts in this territory. Crops generally need moisiure. The
weather is now threatening. The rainfall reached two hun­
dredths of an inch. Average thermometer 82, highest 97’3,
lowest 68 1. During July it rained on nine days, to the ex­
tent of seventy-three hundredths of an iach.
Nashville, Tennessee. —Crops are improving. The week’s
rainfall has been one inch and sixty-six hundredths. The
thermometer has averaged 80’3, the highest being 96, and the
lowest 67. July rainfall two inches and twelve hundredths.
M obile, A labam a. —The weather has been showery and very
favorable during the past week and crops are developing
finely. We received our first new hale to-day from Wilcox
County, Alabama. It has rained on six days of the week,
the rainfall rtaching two inches and fifty-five hundredths.
The thermometer has averaged 81. and ranged from 71 to 92.
During the month of July the raiufall reached two inches
and eighty-four hundredths.
M ontgom ery, A la b a m a . —We have had rain on five days of
the week, the precipitation reaching three inches and fortysix hundredths. The thermometer has ranged from 73 to 93,
averaging 83. Month's rainfall six inches and nineteen hun­
dredths.
Selm a, A la b a m a . —A few sections still need moisture, but
generally crops are very good and cotton is now opening.
Rain has fallen on one day of the week, to the extent of two
inches and seventy hundredths. Average thermometer 83,
highest 97 and lowest 70,
iladison, F lorid a .—Prospects continue to improve. We
have had rain on three days of the week, the precipitation
reaching sixty-three hundredths of an inch. The thermom­
eter has averaged 82, ranging from 70 to 90.
Com m ons, G eorgia . —There has been rain during the week
to the extent of eighty-eight hundredths of an inch. The
thermometer has ranged from 75 to 92, averaging 83. During
the month of July the precipitation was three inches and
eighty-four hundredths.
savan n ah , G eorgia . —We have had rain on five days of the
week, the precipitation being one inch and seventy-two hun­
dredths. Average thermometer 81, highest 94 and lowest 70.
July rainfall four inches and sixty-three hundredths.
A ugusta, G eorgia.— 'Reports from the crop are favorable.
Considerable improvement is noted. We have had rain on
three days during the week, to the extent of one inch and
fourteen hundredths. The thermometer has averaged 81,
the highest being 94 and the lowest 71. Rainfall during the
month of July three inches and fifty-one hundredths.
Charleston, South C arolin a. —Rain has fallen on five days
of the week, to the extent of two inches and forty-tnree hun­
dredths. The thermometer has averaged 80, ranging from
71 to 93. During the month of July the rainfall reached four
inches and sixty-five-hundredths.
S tateb u rg, South C a rolin a . —We have had rain on five days
of the week, the rainfall reaching two inches and seven
hundredths-enough for the present. The thermometer has
ranged from 69 to 91, averaging 79-2. July rainfall three
inches and forty-three hundredths, on eleven days.
W ilson, N orth C a ro lin a .—Telegram not received.
The following statement we nave also received by telegraph
s .owing the height of the rivers at the points named at 3
o clock August 3, 1893, and August 4, 1892.

New O rleans___
Memphis............
N ashville..........
Shreveport.........
Vicks' »ur£..........

Aug. 3, ’93.

Aug. 4, '92.

Feel.
6*6
8*1
2-6
4*2
12-6

Feet
13-0
15-3
20
57
32-4

I n d ia C o t t o n M o v e m e n t p r o m i l l p o r t s . — ine receipts
and hipments of cotton at Bombay have been as follow-, for
the week and year, bringing the figures down to August 3.
BOMBAY RECEIPTS AND SHIPMENTS FOB FOUR YEARS.
Shipments this week.

Shipments since Sept. 1.
tear Great Conti­
Great
OontiTotal.
Total.
Bril'n. nent.
B ritain ne7it.
92-3
91-2
90-1
9-90

Receipts.
This
Since
Week. Sept. 1.

1,000 11,000 12,000 43.000 796.000 839.000 4.000 1.719.000
5.000 5.000 69.000 8 2 S, 000 897.000 5.000 1.734.000
6.000 6.000 103,006 917.000 1.020.000 11,004 2.029.000
7,000 7,000 369,000 1 .114.000 1.483,000 5,006 2.190.000

According to tne foregomg Bombay appears to show
a decrease compared with last year in the week’s receipts o f
1,000 bales and an increase in shipments o f 7,000 bales, and
the shipments since Sept. 1 show a decrease of 58,000 bales.

THE CHRONICLE.

AtratsT 5, 1893.

The movement at Calcutta, Madras, and other India porta fo
the last reported week and since the 1st of September, for twi
rears, has been as follows. “ Other ports" cover Ceylon
Tuticorin. Kurraehee and Cocooada.
Shipm ents sin ce Sept.

Shipm ents ta r the week.
Great
B rita in .

C on ti­
n en t.

.......
l.oOO

.......
2,000

1892-93...
1891-92...
AH otners1392-9.1...
1891-92...

i.noo
2,000

.......
1.000
2.000

Total au
1392-93...
1391-92...

1.000
3.0->0

1.000
4.000

CMoatt*
1892-93....
1391-92...

Greai
B rita in .

Total.

C ontinent.

1

Tottu

11,000
11.000

43.000
32,000

54,001
43,00)

10,000
22.000

0.000
13.000

16.00*
35.00<

2,000
4.000

23.000
34,000

61.000
60,000

S9 OIK
lOO.OOf

2.000
7,0u0

49.000
67.000

110,000
111,000

159 001
173.001

3,000

M-Mlrm

223

New G eorgia Cotton .—One bale of new cotton reached
Eufnila, Alt., on M inday, July 31, from Wil er Green, of
Quit man Colintv, Gi It classed good raid lung and was sold
to M'-s-r- Jn i W fullis & Co., for 10 ce ics per nou id. Last
year tli- first Georgia bile reached Savannah oa August 1, or
one dtv liter than in the current year. 1 1 1891 Albany
received the fir-i bale on July 2d, and in 1890 the first bale
reached Albany on July 5.
F irst Bale op Louisian v C otton .—The first bale o f cotton
of th e L-nn.-i-rn-i crop of 1893 was received at. New Orleans on
Thursday, Anm-i 3 List year the first bale of Louisiana
cotton readied New Oileans on August, 24; m 891 the first
arrival was on August 24; in 1890 on August 8, and in 1889 on
August 13.
iiir. Follo w in g are t h e G ross R eceipts o f C otton at
lew York, Boston, Philadelphia and Baltimore for the past
eek.and sittee S»Dtemher 1. 1892

«»w
aoatan. PHUaAJDBL-Pfi A JALT1MUH8.
The above totals for the week show that the movement from
iitntti
Thit | Since
Thi*
Til, Since ThU Since
the ports other than Bombay is 5,000 hales km than the samt
Since
WMk.\ Sept. 1. week. Sept. 1. ■week. S ep t. « w ent. S.pt. 1.
week last year. For the whole of India, therefore, the total
shipments sines September 1, 1892, and for tae corresponding V.Orleana. 2,D)0 »l.»ll
„„„„
......
periods of the two previous years, are as follows:
5H
S0 275,m$ ...... ......... .... . .... ..
........
kta&o&h.
8S8 2i55«
ISO 90,377 no
353 91,830
axroaxs ro soaorii rao* *.u. muu.
0,U«
____
tnoilB.....
.......
......*4
.....
1891-92.
1092-93
f
1890-91.
9J87; ...... ...... .
......
'lortd*....
SMpnwnts
70 70,0<$) ...... ....... ...... ........ .» ...
*o.C»ro!V
Thu
.(> «.
TAi*
Is aU Bum
Burmt
pe ■ F*i»
t lin «
■fiscs
•o.farora.
n,m .....
.
...... ......
Sept, 1.
wet A, t Sept. 1.
I
r*pgiai&... ......j 81f387j ...... 23,156 ...... nuns
210 81,723
Bombay.......... \ 12.000 838.000 8.000{ 897.000 0,000 1.070. KK ♦onfenpt*
........
814
...... 14,5-1
, .... ,,
all otherport. 2,000
—
,
i6ii,ooo;
wimaw 7,000
,
iia.ww
• . * , 233 001 ■*«o„ Ac.. 8*41 48.756 184 tN.709 LOTS U8.8T1 878 67,070
171 000
1,000,
i --------------------------- V----------- - ---’----- --------- ----- —
'"•IIH... . mt <■>.,?i ...... •si.su
.. ...
Total
14,0001 998.0001 U .0 0 0 1.073 OOP
7.«» - 1.2-45 00»
This vc»r 4,3*15;
Lite 5SL895 t,M) 9S.USI 647 240.039
A l RX a n u k i * W M W m AND »KlPsD4.ST«. — t h r o u g h a rra n g t%jm :m u ** mm 7mm%
19 115.7ns 859 371 »«?
menta we have made with Messrs. Davies, Beaeehi & Co., ol
Liverpool and Alexandria, we now receive a weekly cable o<
S hipping N e w s . —T he exports o f cotton from tin United
the movement# of cotton at Alexandria, Egypt. The foliowin*
the past week, as p e r l a t e s t m a i l returns, have cached
are the receipts and shipments for the past week and for to. 29.2‘ “1 b d S o f a r a s t h e sout-.i-ru uorts arc concerns .these
Corresponding week of the previous two years.
are the name exports n- .orted by telegraph and published in
th*- < HRONiCLE l ist F rd av .
W ith regard to New York w e
include the manifests o f all vessels cleared up to Thursday,
r »m . o a ie t.
Receipt* le a n ta ra q ....
*mw Vo«K--r» Ltv.-.-o.vti. j..-r steamers Alaska, 185....MattelThlawwsk ...
1,000 f
U»»> 7*54
Rum.-. -Ti, ................................. ................ 1,822
5,1*3,000
4,862 >X)*)
Since .Sept. I .
4.0*17)"
T» Udfi. per-»«.« ,..*r t’t)i..r.i,lo. 199. ......................... ....
499
to Ham- per -t«ti 0»r» La KreUiruo, 2b 1
.Red Sts 1 .1«0..
891
T his 1 Sine*
T4l»
Since ti This ' Smr
To
B
w
i
.
()»•
-to.».ui>rE
1
30
...Havel,
31
?...............
*«?
w eek, \8ept. 1. week. Sept. 1. w e e k .‘.Sept. 1
T.) u.»ul.n-sr. per
Su-vU. W ..............
50
To Antwerp. Ifir .[m uw Lon into, 150....................
150
Export# (bale*)—
i
To
i
'ooe«li
.go*.
|»»r
*t
o
w
r
Vorg«>.
lo
O
..........................
100
......... 3 2 7,00 0" 1,000 279,004
T oX J v erp o o i............ 1.000 307,000
To 0»o»a. p r -'.-amor Son Giorgio. 3.497 ...................... 3.497
4.000 313,000
To CoaElnenI...... .
1,000 .70.1)00 1,000 « 0 OIK
Sew OKuhota—Pn Uven-jot. per *i..o.u,.xa en>fes*ar,4433 ...
Texan. .9-0 ...W » . Cliff... 1,340 .................................. 12.533
Total Eun>pe____ 5,000 650,000
1,000 597,000 2,000 529.00C
To flavro. J)V- -len n.-r H*vro. .1.207 ............. ................. 3,207
4
a
V
a
*»
* a—fo B xrosion*. p -r twaanutr CharraeA l ,080 ......... 1,ogo
* A e a s ie r i« #8 sound*.
To (tenon, per »l«««uer Cborruoa, 2.1-H ................. . .......... 2.18S
Manchester Mark et. —Our report received by cable to-night
T» tjvorpoof. p*r t m m m n Oetmabian, 331 ...o o n wan, 544 ...Pavoul*. 0 0 2 . . Sarraiaoro. 421....... ........... 1,798
from Manchester states that the market contion-s dull but
-ULTIMO**—To itronieo, (Xir Umiidw Orwvten. On)............ ..
B40
steady for y »ru» In - firm for »h**eSMg*, Spian ■ « are con ­ PklLiOKijraiA—To
Liverpool, per «le*tuer Lent Clivo, 808 ___
808
sidered to h >d sm til spick-, o f cotton. We g i-e ... m os* for
Toon................................ .......................... ..................... .
"29.200
to-day i l-» m i « » e those for previo m weeks o f this and
laat year for comparison:
The particulars o f these aliipmenta, arranged in onr usua
A U x a n d rm . K*/ypt,
A wjm*t t

1892-93.

|

1893
S2« Cop.
Twist.
a.
d
J*e 3 0 V * * 7 x ,
Ju ly 7 0i<!e » 7 %
14 07*
*• 2! ON * TH
•* S3 «% *7-*
Aug. 4 6 H i* *7*a

CoM-a
32x Oop.
B ut
Twist.
VpUs
....
d. a. d.
a.
a
a
6*«®7 4
8*4 #7*4
013*7 4
01*
»
7
H
S r
7 <*7 1
**• 6-4 »7<4
7 » ? 4**
6*1* * ’ **
7 » 7 !*» 4%
* 7 ',
7 » 7 I 'J 4 7 „ fi'i* » 7 * »

8*4 tSs.
Skirtings.
#.
5
5
•4
5
*•
4

1890-91

1891-92,

1803
-

8S» ‘ Us.
Skirtings,

.
5
ft
ft
5
5
5

a.
» a.
l an «
0 * 4 »0 »
(m a s o
0 »0 5
i)*»*6 5
o as tq

J t r r s B u r r s , B a g g i n g , & c — The m a r k e t f o r

Cotn
Bid
Vpta

tAm r*
pool,

B rem en A ntw 'n
4 H a n- dt Co- IS tree-

Total.
Havre.
p en k uj Iona Genoa.
H#w York,
3*3i
0 140
1,s*2
499
240
....... 3.497
s i 0 rle*.). 12 5J3
. . . . 15.740
3.3o7 . . . __
, . . . **'***»
1.000 2.184 3.200
a
. . . . . . ........
¥.r ,p„ ,1r . *»
1.798
ti s u m . ..
1,793
4
. __
ft 10 .. . . .
«#»
040
Baltimore.,
3»l«k PmUdeia..
804
.
.
.
.
.
.
.
.
.
.
.
.
808
.
.
.
.
.
.
**•»*« -«•«*
3U „,
IP *
499 3.588 1,157
2.50 1.080 5,085 29,200
Total ... 10.9*11
t "
Below w#add the c l m r w u m this week of vessels carrying

lu g g in g

has been quiet daring (he we»k under r»v*»w on ' Us !>
if
form er qu itattons, which are t^Jc. f >r 1 lb*., 5c. for 2 lbs.
and 9 % e . f o r eta tdartl grades, fate no « have been very
quiet at 1 t-lfts. tor paper gr»d*» and l t fjH v ’ - for bagging
qualities.

Thefollowing •xobange* have tvwn m i le during the week;

B m l.

m

oouon from United Statm porta, bringing our data down to
the latent dates;
s*w Oi u u m ~ I * Uvorpool-Jnly 31—Steamer Traveller, 4,058....
Aug. 4 st<-am>T. rg».»rit, -75): VV«ts. 3.3o0.
fn RwoeJoon July 2 •-Stnaoi r J<iaa Forga*, 75.
Bourn>v— •) Liv«ru.M) j w f ;s steamer Ro.unu, 1,183 ...July 31 —
BAMiMttRK r.) Liver pool July 19—Steamer Roantaore, 599....July
23 - s te a m -r * «d * e noro. S»7.

To II»vr« July 27 -Sfcsimer Santmderino. 100.
•09 pit, tnerrii. ion Jtof for Septs
To Amv- rp- Jn y 24 St-omer KHIto, 22-.
-2 -t pd. to eie-ii, 1,0 00 Nov. forMi'ti. kSlLAOKLPHU l‘o Liverpool- Aug. 1 -Steamer Indiana, 217,
IS p.l Jft vxeh. iW An* for iK !
•IS p*l. to etrtt. OKI Aug. for Jan.
Cotton freights the past week have been as follows:
f ptl. to ascii. 2t> i a ug for t w
•ti pa. so »*ei. eon sag. fort lot
I »: t)d, to *XC!l. US) -opt. for M ti. ■03 pd. to -ten. 300 An*. for Sept.
89 pd. to exch 2. iOO <ep. for Boh •10 P<! to etch. 1008e.pt. for (Jot
Tuts.
Satur.
Wsdnes. Tkurs.
Bon.
•t» pd. to PXtsU. 3 0 0 Aug. for Jaa,
%
**
*
*«
*
F irst O pen Boll at Mk m ph h .— Our correspondent a1 Liverpool, »t«am .d

•27 p-l t o e t r h . MW A o « . fo r Nov
•06 p-i to exeti. *.•*«•> am* for sep.

Memphis, Tenn.. writes us that the first open cotton boll of
the season of 1893 91 was received at the Couon Exchange in
that city on M >nday, July 81. or eight days earlier than last
year. It came from the Australia Plantation. B r u n s w ic k ,
Warren County, Miss. The avenge date of r e c e ip t o f first
open boll here for the past thirteen years is July 31.
New Ala rams Cotton-.—The Ant bale of New Alabama
cotton w.i# received at Ozark on Wednesday, August 2. and
was sold at 10 cents per pou- d and snipped to Montgomery,
reaching there the *am*» night. Last year the dm bale
reached D t «n August 3 or one day lat-r. In 1891 the first
arrival wa« at Selma on Tnursdiy, An :ust 5 ; in 189) Mont­
gomery te: i*ed the first bate on August 2 aod in 1889 on
the same date.

Fri.

%
....
Do
later d.
....
....
....
....
Havre, re* line.if. u n a r lt 1*32 ®7i« 15aa (*7i« lsssa 7 is l!3s aTis ,ssa®7i«
....
....
...
Do outside *tr.<4.
....
....
....
Bremen. »team ..d . % »»«* le a 's *
1e » » M
* e » 984 i«e»M
...»
....
....
....
....
Do v. Hamb.d.
1*
Hatubur*. steaiud.
i«
H
hi
%
....
....
....
Do
........ d.
....
....
....
30*
30*
aiDii'annri, eleam.r.
30*
30*
30*
30*
....
....
....
....
....
....
Do
la te r ,r.
naval, steam ...d .
•is
•l*
•is
•is
*18
....
....
Do
................ d.
S'lona, direct, tk u g * » i «
116419Si6 i l 6*sS 16 l l €4®316 1164®3Xft
H«4
Genoa, steam ...d.
»M
!1m
UM
»s*
u«
La
rnsste.y.Loud'urf.
’ sa
’ S3
i-te
V
-S2
*7*4
UBtwern,
,ri.
'"5K*
»SV
3-<a ■ifent* . or l o o lb*.

THE CHRONICLE.

224

L i v e r p o o l . —By cable from Liveroool we have the following
-statem en t of the week’s sales, stocks, &c., at that port:
July 14.

July 21.

July 28.

Aug. 4.

50.000
47.000
54.000
55.000
Sales o f the week...........bales.
3.000
2,000
1,000
1,000
Of which exporters to o k .. .
1.000
3,000
2,000
2,000
Of which speculators took ..
41.000
37.000
48.000
48.000
Sales A m erican..........................
3,000
11.000
6,000
5,^00
Aotual ex p ort............................
47.000
56.000
55.000
53.000
Forwarded..................................
Total stock—Est im a te d .......... 1.376.000 1.344.000 1.293.000 1,282,000
Of whloh American—Estim’d 1.121.000 1.088.000 1.046.000 1,041,000
42.000
1 o,000
27.000
53.000
Total import o f the w eek........
19.000
10.000
28.000
15.000
O f which A m e rica n ..............
45.000
40.000
35.000
22,000
A m ount afloat..........................
35.000
30.000
21,000
25.000
O f which American...............

[VOL. LVII

winter to arrive early August at
under September de­
livered. To-day the market further declined under reports of
bank failures at the West, weaker foreign advices and
cholera talk. The spot market was quiet. The sales included
No. 1 Northern at lj^c. under September delivered, No. 3
soft Toledo red at lfgC. under September delivered, No. 3 red
winter at 67%c. in elevator and No. 3 red at 65c. in elevator.
DAILY CLOSING PEIOEB OF
Sat.
August d eliv ery ..........
September d eliv ery ... - 0 . 68 %
October delivery..........- o . 71I*
Oeeember d e liv e ry ... - 0 . 75%
May delivery................ ..0 ...........

NO. 3 RED WINTER WHEAT.
Mon.
Ties.
Wed. Thun.
€5%
69
65 k)
68ki
68%
68
71
70
7330
7238
71
70-s
75
7 7 7q
76%
75 q
82
83 %
82
82%

Fri.
67ks
69*4
71^8
76*8

The tone of the Liverpool market for spots and futures each
Indian corn futures declined to a moderate extent in the
day of the week ending Aug. 4, and the daily closing prices fore part of the week in sympathy with the break in wheat,
of spot cotton, have been as follows:
but subsequently generally unfavorable crop prospects, there
being considerable talk of damage by hot, dry weather,
Spot.
Saturday Monday. Tuesday. Wed net. Thursday. Friday.
caused a substantial advance. In the spot market business
has been quiet. Yesterday’s sales included No. 3 mixed at
Fair
Market, ) Dull bat Quiet and In buyers’ Easier. In buyers’ business 47%c. in elevator and 48i^iJ48%c. afloat; aho white at
favor.
steady.
favor.
1:45 p. m. J steady.
doing.
473^@48% c. To-day the market advanced on a brisk demand
from shorts to cover contracts, stimulated by continued re­
4*fl
4k)
4
4%
4*2
Mld.Upl’ ds.
ih o
ports of crop damage by dry weather. The spot market was
1,000
7,000
12.000
8,000
8.000
5,000
firmer, except for white, which was depressed. Sale3 in­
500
500
1,000
Spec. <feexp.
300
1,000
500
cluded No. 3 mixed at 49e. delivered; yellow at 49c. deliv­
Futures.
ered and No. 3 white at 47J^c. delivered.
On let at Qalet at Steady at Quiet at
Market, ?
1:45 f . m . {

Steady.

Steady.

1-04 de­

Market, )
4 P. M. j

Quiet.

Qalet and
steady.

Quiet.

cline.

2-ri4 ® 3-64 1-04 ad­
vance.
deoline.
8teady.

Qalet.

3-04 deoltne.
Very

steaay.

DAILY OLOSINO PRICES OP NO. 2 MIXED CORN.
Sat.
Wed. Thurs.
Mon.
Tues.
47%
47%
August d e liv e r y ....... .
47
46 *(»
4 6%
47%
40*8
47%
September delivery...
4 6 5o
4678
October delivery...........c . 47
47%
4 6 78
47%
46%

Fri.
47%
48%:
48%

The opening, highest, lowest and closing prices of futures
Oats for future delivery have followed pretty closely after
at Liverpool for each day are given below. Prices are on wheat and corn, being depressed early in the week by the
the basis of Uplands, Low Middling clause, unless otherwise financial situation, but later advanced. The spot market has
been quiet and the prices for mixed have declined, but of
stated:
p y The prices are given in pence and 64the. T h u s: 4 63 means white the supply is light and values have held fairly steady.
4 63-64d. and 5 01 means 5 1-64<Z.
The market to-day was firmer in sympathy with the advance
in corn.
Sac., J a lv 2 9 .

M on ., J u ly 31*

T u e s.. A ug. 1.

Open High Low. Oloa. Open High Low. Oloa. Open
July...........
July-Aug...
Aug.-Sept..
8ept.-Oot...
Oot.-Nov....
Nov.-Dee..,
Dec.-Jan__
.Jan.-Feb—
Feb.-Mch...
Mch.-Anrll.
—

August.......
Aug.-Sept..
Bept.-Oct..
Oct--Nov....
Nov.-Dee...
Dec.-Jan__
Jan.-Feb....
Feb.-Mch...
Mch.-April.
April-May,.

d.

d.

d.

d.

d.

4 28
4 27
4 27
4 27
4 21)
4 30
4 32
4 33
4 35
4 37

4 28
4 28
4 27
4 28
4 29
4 31
4 32
4 34
4 35
4 37

4 28
4 27
4 27
4 27
4 29
4 30
4 32
4 33
4 35
4 37

4 28
4 28
4 27
4 28
4 29
4 31
4 32
4 34
4 35
4 37

4 27
4 26
4 26
4 26
4 27
4 29
4 30
4 32
4 34
4 35

W ed ., A ug. 2 .

d.
4 28
427
4 27
4 27
4 29
4 30
4 31
4 33
4 35
4 37

d.

4 27
4 28
4 20
4 26
4 27
4 29
4 30
4 32
4 34
4 35

d.
d.
d.
4 23
4 27 4 27 4 27
4 27 4 20 4 27
4 27 4 27 4 27
4 29 4 28 428
4 30 4 29 4 29
4 31 4 30 431
4 33 4 32 4 32
4 35 4 34 4 34
4 37 4 36 4 33

T h u n ., A ug . 3 .

Low. Olot
d.

d.

4 28
4 25
4 25
4 27
428
4 29
4 31
4 33
4 35

4 20
4 23
4 26
4 27
4 28
4 30
4 31
4 33
4 35

F r l., A uk . 4 .

Open High ^Low. Oloa. Open High Low. Oloa. Open High Low.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
4 21 4 25 4 23 4 23 4 24 4 25 4 23 4 24 4 22 4 22 4 22
4 24 4 24 4 22 4 23 4 23 4 24 4 23 4 23 4 2L 4 22 4 21
4 24 4 24 4 22 4 23 4 23 4 24 4 23 4 23 4 21 4 21 4 21
4 25 425 4 23 4 21 424 4 25 4 24 4 24 4 21 4 22 4 21
4 23 4 26 4 25 4 25 4 26 4 26 4 25 4 25 4 23 4 23 4 23
4 27 428 4 26 4 27 4 27 428 4 20 427 4 24 4 25 4 24
4 29 4 29 4 28 4 28 4 20 4 29 4 28 428 4 25 4 26 4 25
431 4 31 4 29 4 80 130 4 31 4 SO 4 30 4 27 4 27 4 27
4 32 4 33 431 4 32 4 32 4 33 4 32 4 32 4 29 4 29 4 29
4 34 4 35 4 33 4 34 4 34 435 4 33 434 4 31 4 31 4 31

Oloa
d.

4 22
4 22
4 21
4 22
4 23
4 25
4 26
4 27
4 29
4 31

BREADSTUFFS.
F r id a y , Aug. 4, 1893.

DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
Sat..
Mon.
Tues.
Wed. Thnrs.
30%
30
23%
,C. 30%
30%
August d elivery.—....... o.
29%
30
Saotember delivery...... o.0. 301s
30^8
3038
October delivery....... ..o.0.
. 30%
3 0 7s
30%
30%
30%

Fri.
31%
30%
31%

Rye has continued in light request, but values are without
change and firm.

FLOUR.
Sine................. <S bbl. $1 75 » $ 2 15 Patent, w in t e r ....... $ ? 4 0 » J 3 75
Superfine___ . . . . . . . . 1 S5 a 2 35 City mills e x tr a s .,... 3 80 3 3 85
Sxtra, No. 2
. . . . . 2 0 5 ^ 2 50 Rye flour, sanerttne— 3 00 3 3 30
Sxtra, No. 1 .............. 2 20 a 2 75 Buckwheat flour..................3 . . . .
Clears......................... 2 3 0 3 3 00 Corn m e a lW estem , &o—. . . . . . 2 6 0 3 2 70
jtraiglits..........
3 0 0 3 3 50
?ataut, s p r in g ........ 3 75 3 4 00
Brandywine______
2 75
[Wheat flour In sacks sells at prices below those fo r barrels.]
GRAIN.
0.
Corn, per bash.—
c.
c.
C.
Wheat—
West’u m ix e d ____ 46 9 50
3 Drlnv, uer bush. . . 6L 9 71
6
7%®
No.
2
m
ixed
........
69
48 9 49%
Red winter No. 2 ..
Western y e llo w ... 47 9 50
Red winter............ 57 a> 70
Western w h ite ..... 47 9 48
W hite...................... 60 9 70
Oat h—Mix ed . . # bn. 34% 9 37
B ye—
Western, per bush. 54 9 55
45
White....................
No. 2 m ixed.......... 34% ® 35%
State aud Jersey— 52 9 56
9
No. 2 w h it e .......... 3 7 % 3 33% B arle v—No.2 West’n.
9
State 2-rowed.......
..
State 6-rowed.......
9
..

The movement of breadstutfs to market is indicated in the
statement below, 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 39, 1893,
aud since August 1, for each of the last three years:
Receipts at—

Flour.

Wheat.

Oorn.

Oats.

Barley.

Rye.

Bbls.lMlbs Bush.60 lbs Bush.bi lbs Bush.33 lbs Busk. 43 lOs Bii.56 lb 4
The market for wheat flour ruled very dull and weak until
464904 2,333,717 1,470,016
70.443
13,793
17,327
Wednesday, when there was a fair trade at steady prices, Chicago......
23.525
23,400
18 050
98,000
7,00 >
6,000
Milwaukee...
due to a sharp advance in wheat values, but yesterday the
167,049
552,779
041,020
market again relapsed into dulness, and the general feeling
111.440
Toledo.........
2,198
39,400
7,9 it
7,809
was heavy. Rye flour has attracted very little attention, but
485,857
2,558
23,941
8,943
3,500
65,000
12.000
94,000
5,000
prices were without change and steady. Corn meal has been Cleveland....
500
12,992
639,970
535,295
117,380
750
703
in light request but steady. To-day the market for wheat 3t. Louis......
7,800
23,200
113.300
310, LOO
2,100
was extremely dull and weak.
Kansas City.
98,164
23.547
It has been a week cf considerable excitement and Tot.wk, ’93.
290,635 3,129,395 3,179 002 2,13 ),3d7
32,777
33,799
281,631 5.480,835 1,493,329 1,925,589
100,852
41,421
wild fluctuations in the market for wheat futures. Early, Same wk,’92.
lame irk,’91.
154,058 7,012,491 2,237,723 1,978,28 2
15,335
395,453
owing to gloomy financial situation and forced liquidation Sines
Aug. 1.
for the account of several large operators at the West who 1892-93...... 13,499,789 242,098.935 130,453.434 119,410,52L 29,132,820 7,173,632
were compelled to suspend, prices declined sharply. Wed­ 1891-92...... 13,423,514 232,008.815 125,139,211 11L,632,397 31,763,315 14,583.204
1890-91...... 10.419,784 125,075.443 103.853.858 94 127,053 23,431,194 4,843.906
nesday the market turned buoyant. There appeared to be a
The receipts of flour aud grain at the seaboard ports for tie
perfect buying craze, as the general idea seemed to be that
a sounder basis had been reached and prices rose rapidly, week ended July 39,1893, follow:
Flourf
Wheat,
Oorn,
Oats,
Barley,
B ye,
more than recovering the loss in the fore part of the week
A tbbls.
bush.
bush.
bush.
bush.
bush.
New
Y
ork
....171,750
1,236.575
43
2,578
24,800
459,500
Yesterday, however, there was a moderate reaction, owing to Boston......... . 49,820 241,6 25 181,881 134,917
another large failure at the West and realizing sales by Montreal .. . , 11,316 209,622 364,599
6 2,353 21,035
. 57,555 173,161 291,018
48,37 L
“ scalpers.” In the spot market exporters were active buy­ Philadelphia
Baltimore— . 81,846 7 7 0 .8 U
141,376
24.779
8,323
ond.... 2,650
12,870
4,5 LO
15,658
ers at the decline, but later in the week as prices improved Rlohm
New Orleans. 17,134 196,820
92,256
25,074
their purchases lessened. The sales yesterday included No. 1
Tot. w eek.. 392.07L 2 .8 41,484 1,519,298 759,50 4 21,035
33,123
Northern at lj^c. under September delivered and No. 3 hard Week
1892.. 335,722 2,,815,635 613,8121,223,274
4,523
18,337

THE CHRONICLE.

A uocst 5, 1893,]

Below are the rail shipments of flour and grain from
Western lake and river porta for four years:
F loor................. bbls.

1893.
Week
July 29.
420,937

1892.
Week
July 30.
379,321

1891.
Week
Alia. 1.
239,378

1S90
Week
A im . 2
217,832

W heat..............bush.
Corn............................
Oats............................
Barley.........................
B y e .............................

517,929
420,839
974,106
13,779
7,900

771,803
207,970
79 9.ISO
13,323
7,048

686.907
453,195
1,103,709
9,2 9-i
22,240

410,605
739,769
1,420,583
#,834
22,527

T otal..................... 1,910,553

1,839,630

2,275,356

2,602,318
the w e e k

The exports from the several seaboard porta for
ending July 39, 1893, are shown in the annexed statement:
Mxports

NewYork
B oston...
Montreal
Pblladel.
Baltlmfre
N. OrPns.
S. Sews.
N orfolk.
Portland.
B’ m etlaie

Wheat.

Com .

Flour.

Oats.
Bush.
142.101

Bush.
22.537

Bush.
2.860

177,971

24,967

43,309

158,562

Bbls,
108.587
39.633
21.-235
60,240
50,370
766
71,997

*— **

.........

2,057,050 1,153.559

353.32**

409.975

47,354

51,169

1.915,680

163,073

318,994

30.135 - 85.212

Bush,
744,669
134,706
155.484
265,411
417,220
338,560

Bush.
263,7*50
193.615
322.134
215.428

493.832

Rye.

- ,.

Peas.

90,000
.........

The visible supply of gram, comprising Che s to c k s m g r a n a r y
at the principal point# of accumulation at lake and s e a b o a r d
ports, July 29, 1893:
Wheat,
In H artal—
bush.
New York.......... 9,145,000
Do a flo a t....
273.000
H i.a n y ................................
Balfalo............... 1.574,000
Obleasco..............19.177.000
MUwankee......... 1.162,000
OuiQth............... 4.758.000
F oledo................ 1,332.000
Detroit...............
783,000
O sw ego..................................
St. L otib............ 3,274,000
Du afloat......
............
Olnelnuatl .......
l.OOO
Boston...............
3 «r.0 00
Toronto..............
119,000
M ontreal.
4*22.000
P hiladelphia....
806,000
Peoria................
92.000
Indianapoll*— ,
193,000
Kansas C it y ....
443,000
B altim ore......... 1,095.000
M in n ea polis.,.. 9,080.000
On M iwissippi..
111,000
On Lakes.......... 1,832.000
O n ean a lA riv sr 2,776,000
T otauj—
Jnty 29, I893..5!»,3SO,OO0
Jniy 22. 1893..58,904.000
Jttly 30. 1892 23.933,00©
Any. 1, H 9 1 ..16,768.103
An*. 2. 1890.. 18,372,678

Corn,
Oats,
file,
bulb.
bush.
bath.
324,000
165.000
72.000
90.000
...........8.000
2 -.
29.000
340,000
143.000
4.000
1,99*5,000
189,00©
3.000
13.000
8 ),0 0 0
..................................
1.000
129.0-.KJ
IT.OOu
13.000
3.000
21,000
8.000
... ...
.. ..
217,000
21.000
3.000
0 *,O.H
............
3.000
1,000
t.oOO
532.000
22.000
............
10,000
48.000
94.000
30.00 »
378,000
160.000
28,000
99,000
4,0-r j
!»,0 0 0
16,00J
77.000
24.000
' «;o iw
905,000
115,000
20.000
1.000
u j k Ki
3.000
40,000
1 T.00O
2,068,000 435.000
523,000
78,000
8,022,000
7.801,000
8,9 96^ 00
3,H7.i,:«47
11.584.852

1.702,000
2.168,000
8,058,000
2.072,631
2.530,817

294.000
281.0011
196/JOo
5-u <>*W
461.093

Barley,
btuh.

3 I.Oo .j
2.000

50.009
53,008
58.000

1.0 ) >

21 0 ) .
3 >.00 <

73.000

'T.iioo
16.090

'u'ooi

225

packages, valued at §192,151, their destination being to the
points specified in the table below:
Ne w Y o r k to A ugust 4.
Sreat Britain.......
Other E uropean..
C hina.....................
India......................
Arabia....................
Africa....................
West Indies...........
Uexioo...................
Central Am erica..
3onth A m e r ic a ...
Other eoun tries...
T otal.............................
Jhlna, via V ancouver..
Total...........

1893.

1892.

Week. Since Jan. 1.

Week. Since Jan. 1.

6-4
14
___
615
....
85
637
S3
249
913
69

2,325
851
17.249
3,111
6,992
5,913
11,521
1.344
2.863
29,237
1,523

2,779
....
2,779

14
225
40
28
629
64

2,990
1,083
64,589
3,164
7,233
6,361
9,603
2,142
3,540
26,938
1.712

82,929
19,015

1,984
786

129,355
11,890

101,944

2,770

141,245

1

24
24
936

• From New England m ill points direct.

The value of the New York exports since January 1 have
teen *4,907,082 in 1893 against *0,637,887 in 1893.
Brown sheetings are in poor request in all makes, bleached
shirtings inactive throughout, wide sheetings decidedly slow
and colored cottons more or less neglected. Stocks are in­
creasing despite the reduced output of goods, and prices are
weak and irregular. Wamsuttn 4-4 brown sheetings are re­
duced to 91,c. and 4-1 cambrics to 10c., and other Wamsutta
goods proportionately. Utica Nonpareil 30-inch bleached
cottons also reduced to 10c. Kid-finished cambrics and other
converted goods are slow and easy, with small sales only re­
ported in other staple cottons. Prints are inactive both at
first hands and with jobbers, and very little business is pass­
ing in ginghams. Print cloths are quoted on the basis of
J-qe. for ill squares, but in the absence of business the
price is nominal. Several Fall River mills have shut down
and others are expected to follow their example at once.
1893.
Slock o f Print (HoUU .. . _3..8.
July
rt«id by Providence m anafaotarers. 171.000
Fan Rlvnr m anufacturers................ . 293.000
Total »*«<sk (p te e e s l.............. ...4 6 4 ,0 0 0

1892.
July 33.

Non#.
None.

1891.
uly 30
5
July
415.000
426.000

None.

841,000

FOKElov Dby G o o d s . —This department reflects the genral renditions of the market for domestic merchandise.
Small order# only come to hand, buying for immediate re­
quirement) is also small, ami cancellations continue a dis­
agreeable feature. Importers are allowing goods to remain
in bond in much greater volume than usual at this time of the
year.
im p o r ta tio n * a n d W a r e h o u s e W it h d r a w a l* o f D ry G o o d * .

377,0*6)
375.000

71.958

309,906

THE DRY GOODS TRADE,
S 3 * TOM. Friday, P. M-. August 4, 1893.

There has been no increase in business in dry goods during
the past week, both agents and jobber* reporting an exceed­
ingly slow trade. There are more visitors seen in the market
than for aome time past, but beyond looking over tli- fad
s to c k s and making small purchases of merchandise for imme­
diate use, they are doing little. There appears to be little ex­
pectation among the trade here that matters will improve uolii
after Congress has given reliable indications of a dominant
polio# on the silver question, and then only if these point to a
prompt and unqualified repeal of the present law. The exten­
sive shut-down of mills in all branches of textile manufactur­
ing helps to support the market somewhat, but still the ten­
dency of prices is in favor of buyers: there are few open reduc­
tions but much irregularity in a quiet way. Deliveries are
smalt, cancellations of orders still coming in, while agents a n d
jobbers are shy of filling some they have on hand. C<*1lec­
tions are unsatisfactory : more so than a week ago.
D o m e s t ic W oolens. —this week's business has shown
mnch the same unsatisfactory features a** lately reported —
small orders in all lines of woolen goods and continued can­
cellations of previous orders. Buyers are confining their
purchases largely to the lower-price! fabrics, for which there
is always an outlet, the finer grades of fancies and worsteds
in men *-wear materials being neglected. Prices are weak,
with a noticeable increase in previous irregularity, and in mufaeturex* complain that early prospects have been entirely
reversed by the prevalent cutting of prices. A quiet re-order
demand for dress good* is noted, especially in liner g r a d e ).
There is but little business doing in flannels, blanket), sh a w l#
or carpets.
D o m e s t ic C o t t o n G o o d s , —The exports of cotton good#
from this port for the week ending August 1 were 2,779

The Importations and warehouse withdrawals of dry good#
at this port for the week ending August 4, and since Jan, 1,
1893, and for the corresponding period# of last year are as
follow#:

THE CHRONICLE.

226

S tate

m p
term s

C ity PsfAyTMfcflT,
of

s u b s c r ip t io n .

C o m m e r cia l a n d F in a n c ia l C H R O N IC L E conlains 40 to 01 pages published every week.
State a n d City S u p p lem en t of C H R O N IC L E con­
tains 180 pages published periodically.
In v e stors’ S u p p lem en t of C H R O N IC L E (a Cyclo­
paedia of Railroad Securities) contains 160 pages published
every other month.
_________
Subscription to CHRONICLE f o r o n e y e a r 810.00,
which includes e v e r y issu e o f b o t h S u p p l e m e n t s .
T lte p u r p o s e o f this S tate a n d C ity D e p a r tm e n t
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 as
possible. Hence if every Subscriber will note in his S u p p l e ­
m e n t on the page designated at the head of each item a
reference to the page where the item in the C h k o n io l e can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.
Brooklyn, N. T.—In consequence of the increased valua­
tion of real estate shown by Brooklyn’s assessment rolls this
year, the city will be authorized to add to her bonded indebt­
edness about $2,280,000 before reaching the legal limit,
and arrangements are now being made for the following
issues : $600,000 for street contracts; $1,000,000 for paving
contracts; $400,000 for new school-houses, and $500,000 for
sewerage in the Twenty-sixth Ward.
B o n d P r o p o s a ls a n d N e g o tia tio n s.—We have re­
ceived through the week the following notices of 1onds
recently negotiated and bonds offered and to be offered for
sale.
A lb io n , Mich.—(S t a t e a n d City Supplement, page 97.)
Water works extension bonds have recently been voted.

Annapolis, Md.—Paving bonds of this city to the amount of
$50,000 are under consideration.
Ashley, Pa—J. K. P. Fenner, Borough Clerk, writes the
Chronicle that paving bonds to the amount of $7,500 were
sold on August 1 at 100'5. He states that the bonds were
awarded to about ten different local purchasers. Interest on the
loan at the rate of 5 per cent is payable F. & A. at the office of
the Borough Treasurer, and $3,000 of the amount will mature
each year on August 1,1898 and 1901, and $1,500 on August 1,
1903. The borough pays the State tax on the bonds and same
are subject to call after August 1, 1895.
Ashley has no other than the above debt, and its assessed
valuation (which is 25 per cent of actual value) for 1893 is
$380,000; total tax rate (per Si,000) $52. including county tax
$6, borough tax $20 and average school tax $26.
Barton Landing, Yt.—We are informed by Village Clerk
H. S. Webster that the proposed $12,000 of village water­
works bonds will not be issued for the present and probably
not until next spring.
Belleville School District No. 4, 111.—H. D. Updike, Sec­
retary of the Board of Education of this district, writes the
C h r o n i c l e that the $20,000 of school bonds which were
offered for sale on July 25 have been awarded to Christopher
Schaefer of Belleville, at 105. Six bids in all were received,
three of which were for the whole issue. The bonds are
dated August 1. 1893, bear interest at the rate of 5 per cent,
payable semi-annually, and mature August 1, 1913, with an
option of call after August 1, 1903.
Bellevne, Ohio.—C. R. Callaghan, Village Clerk, writes tb
C h r o n i c l e that the $11,100 of street improvement bonds r<
cently offered for sale, have been awarded to Louis Mayer, c
Lancaster, Ohio, at par. The loan bears interest at the rate c
6 p*r cent and $7,500 of the amount will mature in ten yeai
and the remaining $3,600 in from 9 to 15 years.
Bellwood, Pa.—The people of Bellwood have voted i
favor of issuing bonds for water-works estimated to co;
$15,000,
Boston, Mass.—(S t a t e a n d C i t y S u p p l e m e n t , page 21)
City Treasurer Alfred T. Turner writes the C h r o n ic l e
that iu response to his advertisement for bids on city bonds
to the amount of $1,000,000 only one proposal w a s received
that being for $10,000 of public park bonds at par and accrued
interest. The statutes give the Treasurer authority to act
•upon the disposition of the loan according to his best judg­

rvoL. l v i i .

ment, with the approval of the Mayor. It is probable that
the bonds will now be offered at private sale. The total
amount includes five issues, which are described as follows ;
Municipal Purposes—
LO A N S.
When Due.
H ig h w a y s —

4s. J.&J., $ 2 5 0 ,0 0 0 ....July 1, 1913
I m proved Se w e r a g e —
4s, J.&J., $50.000.......Jan. 1 ,1 9 1 2

4s, A .& 0., $100,000.. Apr. 1 ,1 9 1 2
4s, A.AO., 3 0 0 ,0 0 0 ...Apr. 1, 1913
P ublic P a r k 48, J.&J., $300,000... .Ju ly 1,1923

The bonds for sewerage and municipal purposes will be
registered; the others may be registered or coupon, as desired.
Interest will be payable at the office of the City Treasurer.
A decision to issue temporary loan certificates in anticipa­
tion of taxes has been reported. They will be in sums of $1 ,000, or any multiple thereof, hear interest at the rate of 6 per
cent, and run for four months.
Central Falls, R. I.—This town will borrow $25,000 to pay
current expenses.
Cleveland, Ohio.—(S t a t e a n d C i t y S u p p l e m e n t , page 79.)
—Bids will be received t>y City Auditor W. A. Madison until
August 11 for $35,000 of 5 per cent sewer district bonds dated
April 1, 1893, and maturing October 1, 1898. The Auditor is
also advertising for proposals until August 18 for the purchase
of $285,000 of 4 per cent bridge repair bonds and $247,000 of 4
per cent fire department bonds. These 4 per cent bonds will
bear interest from April 1,1893, be payable semi-annually, and
will mature October 1, 1902. Both principal and interest will
be payable at the American Exchange National Bank, New
York.
The total bonded debt of the city, including the new issues
cited above, is $9,536,000; water debt, $1,775,000; sinking
funds, $2,089,058; total debt, excluding water debt and sink­
ing funds, $3,864,058. The total assessed valuation of taxable
property in Cleveland is $121,280,215 and the estimated real
valuation $500,000,000; population, 300,000.
Columbia, Mo.—City Treasurer H. H. Banks writes the
C h r o n i c l e that an election which took place in Columbia on
July 25 to vote on issuing $30,000 of school bonds resulted
in favor of the proposition. He states that the particulars of
the loan have not as yet been decided upon.
Cnyahoga County, Ohio.—Sealed proposals will be received
until August 19 by A. E. Atkins, County Auditor, for the pur­
chase of $225,000 of 5 per cent Central Armory Bonds. Inter­
est on the loan will be payable semi-annually and both prin­
cipal and interest will be payable at the office of the County
Treasurer. The bonds will be dated July 1, 1898, and will ma­
ture .July 1, 1918, with an option of call after 10 years. No
bids for less than par and accrued interest to the day of de­
livery will be accepted, and the bonds will be delivered $75,000September 1, 1893, $75,000 October 1, 1893, and S75,000November 1, 1893, or at ail earlier date at the option of the bid­
der. This loan was advertised for sale on July 17th and
awarded to the Euclid National Bank of Cleveland on their
bid of $225,025 for the entire issue. It was subsequently dis­
covered, however, that serial bonds, such as were theD
provided for, would not comply with the requirements of the
law and that the securities must be 10-25s. In consequence
of this defect it has been necessary to re-advertise the loan as
above.
The indebtedness of the countv is $ 160,000. Value of tax­
able property for the year 1892 $140,000,000 ; actual value
$525,000,000.
Davenport, Iowa.—(S t a t e a n d C i t y S u p p l e m e n t , page
109.)—City Clerk N. C. Martin notifies the C h r o n i c l e that the
$60,000 of sewer bonds recently authorized have been sold at
a premium.
Dayton, Ohio.—(State a n d City Supplement, page 80.)—
Bids will be received until August 24 for the purchase of 6
per cent street paving bonds to the amount of $166,000, and 5
per cent bridge, water and police deficiency to the amount of
$132,000. The loans will be dated Sept. 1. 1893, and interest
on same will be payable semi-annually. Proposals must be
for the entire issues, respectively, as stated above, and the
bonds will not be sold for less than their par value.
Escondido Irrrigation District, Calif.—Bids will be re­
ceived until September 5 for the purchase of bonds to the
amount of $250,000. Interest on the loan will be payable at
the rate of 6 per cent and the bonds will mature in 10 and 20
years.
F a r i b a u l t , M i u u .— (S t a t e a n d

Cit y

Su ppl e m e n t,

page

105.1—Bids were to be received until to-day for the purchase
of $21,000 of 5 per cent and $10,000 of 4>£ per c e n t bonds. I n ­
terest on the loans will be payable semi-annually and the
bonds will mature July 1, 1903.
Fitchburg, Mass — (S t a t e a n d C i t y S upplement, page 24.)
—City Treasurer George E. Clifford writes the Chronicle that
the order authorizing the issuance of 30-vear park bonds to
the amount of $35,000 failed to pass both branches of the City
Council.
Frankfort, Midi.—School-house bonds of Frankfort to the
amount of $20,000 have recently been voted.
F r a n k l i n County, O h io .— (S t a t e a n d C i t y S u p p l e m e n t ,
page 81).—Bids will be received at the Couutv Auditor’s office
until August 22 for the purchase of $4,000 of East Broad Street
i free turnpike bonds. The loan will be dated August 22, 1893,
will bear interest at the rate of 6 per cent, payable semi-an­
nually, aDd $1,500 of the amount will mature September 1,
1894. $1,000 March 1,1895, and $1,500 September 1, 1895. The
bonds will not be sold for less than their face value.

THE CHRONICLE.

A ugust 5, 1898.J

Gerinir, Neb.—Bonds of this place hare recently b een
voted for a school-house.
Grand Rapids. M ic h .— {S t a t e a s d C i t y S u p p l e m e n t , p a g e
98.)—We are informed by W. A. Shinkman, City Clerk, th a t
bids will be received until August 13 fo r the purchase o f
$300,000 of street and sewer bonds. The loan will b e a r in­
terest at the rate of 5 per cent, payable M. & X .. and will
mature at the rate of $50,000 yearly from May 1, 1894, to M av
1, 1897. Both principal and interest will be" payable a t th e
office of the City Treasurer.
The charter of the city of Grand Rapids authorizes an
annual issue of street improvement or sewer constructron
bonds to the amount of $400,000, and bonds of this character
to the amount of $400,000 have heretofore been issued, of
which $150,000 have been paid or provided for. The Common
Council first determined to issue this year $400,000 of such
bonds, but at a meeting held July 34, 1893, the former resolu­
tions were rescinded and the issue of $400,000 canceled, aud a
resolution authorizing an issue of onlv $200,000 of such bonds
for the current year was adopted. While provision is made
for payment of these bonds from proceeds of tax rolls for the
special improvements for which the proceeds realized from
tne is.iue have been used, yet in addition to this the credit of
the city as a municipality^"stands pledged to the payment of
street and sewer bonds, the same as for any other bonded in­
debtedness.
The city's total debt (including this issue) on August 1,
1893, was, $1,888,000.
Guthrie, 0. T.—F. E. Marion, President of the Board of
Education o f Guthrie, writes the C h r o n i c l e concerning the
$50,000 of 6 per cent gold bonds to be issued, that the same
are the first bonds and only indebtedness of the school district.
Interest on the loan will be payable semi-annually and the
bonds will mature in 30 years. "Mr. Marion also states that
the assessed valuation of the district is $1,900,000 and the
actual value at least $4,000,000.
Hamilton County, Ohio.—(State and City S upplement,
page 82.) Bonds of this county to the amount .if $14,000 for
the improvement of Columbian Avenue wilt soon be offered

FOR

for sale. Interest at the rate of 4 per cent will be payable
semi-annually, and the bonds will mature in 5 years.
Haywards, Cal.—An election will soon be held at this place'
to vote on issuing 40-year bonds to the amount of $33,000 for
a sewerage system.
Huntington, W. Va.—(State and City Supplement, pa°-e
156. and Chronicle, Vol. 52, page 194.)—We are no­
tified by J. X. Potts, Citv Clerk, that no bid above par
was received for the $75,000 of street and sewer bonds
which were advertised for sale on July 29. and conse­
quently the bonds were not sold. He states that the bonds
are to be issued for desired improvements, but that the city is
not obliged to sell them, and will not until they can be sold
to advantage. The bonds will bear interest at’ the rate of 6
per cent, payable annually, and will mature July 1, 1923.
Idaho Palls. Idaho.—An election will take place at Idaho
Falls on August 31 to vote on the question of issuing water­
works aud improvement bonds to the amount of $20,000.
Lowvllle, X. Y.—It is reported that the election which took
place in Lowvllle on July 18, to vote on issuing $65,000 of
water bonds, resulted in favor of the proposition.
Madison ville, Ohio.—The citizens of Madisonville will vote
on August 26 on the question of issuing electric-light bonds.
Mahanoy City, Pa.—(State and City Supplement, page
68).—A current report states that bonds of this city to the
amount of $100,000 will be issued for water-works.
Mansfield, Ohio.—(State a n d City Supplement, page 83.)

—Bids will be received until August 21 for the purchase o f
street assessment bonds to the amount of $10,500. The bonds
will bear interest at the rate of 6 per cent, payable annually,
and will mature in five annual instalments.
Melrose, Mass.—(State and City S upplement, page 87.)—
John Larabee, Town Clerk, writes the Chronicle in referenee to the $50,000 of water-works extension bonds recently
authorized. that the same will not be issued at present. The
bonds will bear interest at the rate of 4 per cent.
Montgomery County, Ohio.—(State and City S upple­
ment, page 83.)—Infirmary building bonds of this county to

N EW LOANS

N E W LOANS.

TENDERS

B i d s for Town Bonds.

DEBENTURES.

Tender* addre**ed to the Tm uartr o f tb© flrjr
of H a m ilto n . Province o f Ontario, fatindn,
and marked “ Tender for f*e&«e*sturm" will be re
coined fey tbe (Mdenicned up to At o’clock, noon, on
Wednesday, die 4th day o f October. A. I>. inlet, for
the jrarelsw# o f
o f IferiMatnnM, t<* b«M*•ned by the Manietpal Council o f tba Corporation of
the *atd City of Hamilton, payable at the expiration
Of 40 year*, with Internet at four par emit par an­
num. payable half yearly from
April, inm . Erin
cl pal and interest may tw made payable In Hamilton,
Ontario, or In Great Britain, or elsewhere. The t»©
bentore* may be expressed in interim* money o f
Great Britain, or currency o f Canada or o f the
United State*, or in |OM,or partly In each, and tu
ouch sums a* tna purchaser may dealre. Cano*
tendering most state in their tender in what cur
rency. In what sum*, aud where they desirw toe
Debentures and Interest to be made payable, and
the net amount which wUl be paid for said !><ben
u u r e s . free
i r * w from
i r « » o i eexchange
i c n g u p * and
a n a all other charges.
tnrea.
Deb»*n
The purchase money of
o f said DvbwUare*
to be paid
as follows:
Merlin* in London.
1*
England.
and
said c ity
___ the
__ balance
______ In ___
.... of Hamilton, each
ooff such payment* to be made on the 4etb
fcfiib day of
March. A. l>.
&. li*H.
14*H, The highest or any tend
tender not
necessarily accepted. A copy o f financial statement
may be obtained at the City Bank. London, England,
or from the undersigned.

A. STUART,

Ha MILTON, June 27th, 1808.

FIN A N C IA L.

TO ALL WHOM IT MAY CONCERN: In puruo
anew o f a resolution of t he Town Board of the Town
o f Tonawanda, adopted the SSHLh day of July,
notice is hereby given that sealed proposal* or bids
will fee received by the undersigned ^up«irrtoor of
the Town o f Tonawanda, % %*., for the sal© of fif­
teen paving bond* i>«ued under and t» pursuance of
Chapter &50 o f the Law* of Sfcfifi for the purpose » f
paying for the Improv* a.«»nt of the highway loading
from the south corporation Hoe o f the \ illage of
Tonawanda to the north corporation line o f the City
o f Buffalo. N. y „ commonly known a* Delaware
street a* t be «snn< ha* txi«’n extended by th** town
authorities o f said town. That each of said fifteen
bond* I* In the amount o f itfijlde'ce f*fi doiUrs, pay
able annually one year from date, and each bears
interest at rate o f e p«»r rent.
The said bond* will be sold at pabllc auction to
the highest bidder on the 14th day of August.
at 10 o’clock in the forenoon, by the utidendvned.
*ni«errtsor o f said town, at the office o f W*. J. Roger*.
Justice or the Peace. iu the Village o f Tonawanda.
Krt* County. N- Y. That by the prevision* of said
act such bonds shall not be sold for less than par
value thereof, and notice Is further given that the
undersigned reserve* tne right to reject an? and all
bid*.
J A M S ! ZIMA1 S u e A N.
Supervisor,
Dated T o xaw ash a , JalT * , Vsa.

G O L D

INVESTM ENT BONDS

BONDS.

P r o v id e n c e , R . I . ,
.
.
.
.
4,
S t. L o u !* , . n o . , ......................................4 *
U u lu t li, III n o . , ...................................... 4 q ,
C r o a t P a ll* , n o n . ,
.
.
.
.
Om
Santa lta rln .ru , C a l., .
.
.
.
5a
C la lla m C o ., W a a li.,
.
.
.
, fl.
S ail L u k e Clljr Street I t y .,
.
.
ft*
m e tr o p o lita n stree t I t y ., Ile n v e r ,
«»
Tbo aboro are payable principal and Interoat In
Wrlto for fnll description and price to

E.

H.

C IT Y

iMtad, July 12,19PH.

Above **le postponed to Tuesday, August IS, i«93.
at same time and pure.
LOLTSGRL EN, Village Truasurer.

OF

Boston. Jiln—
‘l i t i K x ch iiiisr B uilding.

S T .

LO U IS

Gold 4s, Due 1918.

F a rso n , L e a c h & C o .,
‘Z W A L L S T R E E T .

The Treasurer of the Villa** of Tonawanda. Brie

LOUTS ORCBN.
Vi ting© Treasurer.

R o llin s & Son s,

Y .r k City,
.{.{W a ll S treet.

F O R SALE.
County, N. Y-, wUl sell at the Council Chamber, on
North Canal Street. In tba Village of Tnnawanda, N.
Y.. on the fifst day of JnJy, l**fci, at two o'clock In the
afternoon*one hundred and two bond* of the Village
of Tnnawanda. eforeeaid, each in the •▼enure torn of
one thousand dollars, and bearing Inter*#! at the
rale of six per cent per annum, to tha highest bid
der. Sealed proposal* will be received for the pur­
chase or said bond* on or before the day of sale.
No bid* for the purchase of bonds for less than par
end accrued interest will be received or considered.
The said bond* will be dated August 1. t*«i. and
will be jmyaoie, 10 of them. In each o f the years l -W,
Ifm . ifiwj, 1-07. IfifiH, IHP0, IIMO. I80L end 11 of them
l» the years Ifiwfi and
m the first day of July in
each year hereafter for 10 year*. §aid bond* are is­
sued to m m tm money to pay for teprofthii certain
porthma of Delaware, North and South Qutil street*
within the Tillage o f Tnnawanda. pursuant to an act
passed by the Legislature of tne mate of New Turk
m 1MUS. entitled **An Act authorising the Village of
Tonawanda, Brie County. N. Y., to take lands iieoeesary. and to lay out and Improve, or alter and im
prove, public park#, ground*, street*, lane*, alley* and
public places therein.” The said Treasurer reeerve*
the right to redact any and ail bids which may be
made at said sale.

B O N D S.

Bond* Hated on Nevr York Htnck Exchange,
Legal Investment far having* Bank*
uud Trustee# In Xcw York .State.

C ity T r e a s u r e r .

NOTICE OF SALE OF

TONAWANDA

227

Ll*t* of Investment Bond* Mailed on Application.

L I S T S ON A P P L IC A T IO N ,
M em ber* o f the New

Y ork

n od

H o.ton

DEALERS Uf

C O M M E R C IA L

H ay e s

.111-313 S u p e r io r s ^

PAPER.

B lak e Brothers &

&

Son s,

j 0 Wall Street,

1 K x cb n n ee P la ce,

N ew Y ork .
I*o#i on*
Cable Addree*. “ KKNOTCTH.”

C o ,, E d w a rd M o rto n & C o .,

28 S T A T E S T R E E T , BO STO N .
t

W. J .

BAN KERS,
D ea lers In M U N IC IP A L B O N D S ,
Street Railway Honda and other high grade In*
ve*tmenta.

Stock Exchange*.

NASSAU S T R E E T , N E W Y O R K .

53 Broadway, New York.
S p e cia ltleft:
M U N IC IP A L ,
ST R E E T R A IL W A Y BO N D I
and
BANK. STOCKS.

THE CHRONICLE.

228

the amount of $25,000 will be sold at public auction on Au­
gust 24. Interest at the rate of 5 per cent will be payable
semi-annually, and the loan will become due at the rate of
$5,000 yearly from September 1, 1895, to September 1, 1899.
Mmint Vernon, Wash.—Proposals will be received until
August 30 by W. S. Riblett, Town Clerk, for the purchase of
funding bonds of Mount Vernon to the amount of §15,000.
The bonds will be dated August 1, 1893, will bear interest at
the rate of 0 per cent, payable semi-annually, and will mature
August 1, 1908. Both principal and interest will be payable
in gold coin of the United States, either at the office of the
town Treasurer, or at such banking house as the town Council
may hereafter designate.
The town’s present bonded bebt is $11,500; floating debt
about $15,000. The assessed valuation (same as actual value)
in 1892 of real estate was $526,307, personal property $123,805,
total $650,112; total tax rate (per $1,000) $10.
N ew

Britain, Conn.—(S t a t e

and

Cit y Su pplem en t, page

38.)—It is reported that this city will issue water bonds to the
amount of $200,000.
Olive Irrigation District, Colton, Calif.—George E. Burrail, Secretary of the Olive Irrigation District, will receive
bids until August 8 for the purchase of the $60,000 of bonds.
Omaha, Neb.—(S t a t e a n d C i t y S u p p l e m e n t , page 123.)—
Bids will be received until August 14 by Henry Bolin, City
Treasurer, for the purchase of $84,000 of district street im­
provement bonds and $28,300 of district grading bonds. The
oonds will bear interest at the rate of 5 per cent, payable an­
nually, and will mature part yearly from August 1, 1894, to
August 1,1902.
P i e r c e County, Wash.— (S t a t e a n d C i t y S u p p l e m e n t ,
page 148.)—A. V. Faucett, Chairman of the Commissioners of
Pierce County, writes the C h r o n i c l e that the $300,000 of gold
bonds which were offered for sale on July 20 were not sold.
He states that the advisability of disposing of the issue at
private sale is now being considered.
The bouds will be issued to fund the floating indebtedness.
They will bear interest at the rate of 5 per cent, payable annu­
ally, and will mature in 20 years, with an option of call after
ten years. Both principal and interest will be payable in New

A. G. Becker,
Successor to

H E R MA N

SCHAFFNER

York, or at a point to be mutually agreed upon, or at the
County Treasurer’s office. The present bonded indebtedness
of the county is $400,000; floating debt, $318,600. The assessed
valuation of real and personal property in 1892 was $45,028,123.
Quanah, Texas.—City Treasurer R. F. Harbison writes the
C h r o n i c l e , in reference to the proposed $10,000 of bonds, that
same are to be issued for the building of a school house and
the erecting of water works. They will bear interest at the
rate of 6 per cent, payable M. & S. in New York, and will
run fifty years.
The city has at present only a floating debt of $700. Its
assessed valuation for 1893 (which is about two-thirds of
actual value) of real estate is $613,891 ; personal property,
$261,776 ; total, $875,667 ; State tax rate (per $1,000), $8 50 ;
city tax rate (per $1,000), $5.
Saginaw, Mich.— (S t a t e

Si C O. ,

C O M M E R C I A L PAPER,

S T O C K S -B O S D S ,
Members New York and Chicago Stock Exchanges.

1S7 D E A R B O R N S T R E E T ,
C h ica g o, I lls .
Private wire to New York and Philadelphia.
J. B. Br u s h , Member New York Stock Exchange
i>. M. Cummings , Member Chicago Stock Exchange

B reese & C u m m in g s,
B A N K E R S AND B R O K E R S ,
111 AN D 113 M O N R O E S T R E E T ,

CHICAGO
Securities luted In New York, Bolton or Chicago
carried on conservative margins.
. O. SLAUGHTER, Member N. Y. Stock Exchange
WM. Y . BAKER, Member Chicago Stook Exchange

a

A . O . Slau gh ter & C o .,
BAN KERS,
1 1 1 -1 1 3 L A H A L L E S T R E E T ,

C H IC A G O , IL L S .
C hicago S e cu ritie s B ou g h t and S old,

L o e b & G a tz e rt,
MORTGAGE BANKERS
135 L A S A L L E

S T R E E T , C H IC A G O .

First Mortgages for sale in large and small amour
'letting Investors 5, 6 ^ and 0 per cent, secured
improved and income-bearing Chicago city proper
Principal and Interest payable in Gold
CORRESPONDENCE SOLICITED.

T H O M A S B R A N C H & CO.,
BANKERS AND BROKERS,

R IC H M O N D , V IR G IN IA .
Investment Securities a Specialty. Private Wlr
to New York.;

Cit y

S upplement, page 99).

C H IC A G O .

T itle G u aran tee & T r u s t
The
C o m p an y
E q u ita b le T r u st C om pan y
OF

C H IC A G O ,

1 8 5 D E A R B O R N S T *, C H I C A G O *

9 3 , 0 4 <fc 9 6 W A S H IN G T O N S T R E E T .

100 Washington Street, Chicago, 111. C ap ita l, p aid -u p ............................ 9 1 ,6 0 0 ,0 0 0

Jamieson & Co.,

and

—We are informed by Henry Melchers, City Treasurer, that
an election which took place in the Western Taxing District
of Saginaw, on July 22. to vote on issuing $100,000 of water
bonds, resulted in the defeat of the proposition.
St. Lonis, Mo.—(S t a t e a n d C i t y S u p p l e m e n t , page 111).—
The report to the effect that the city of St. Louis has recently
sold $4,500,000 of bonds in Europe is not correct. A recent
ordinance passed by the Municipal Assembly authorizes the
Mayor and Comptroller to issue and sell $1,430,000 worth of
bonds in renewal of bonds maturing during the present fiscal
year, of which amount $1,250,000 will be issued, The date of
the bonds, time when they are to be offered, and other mat­
ters connected with the issue, have not as yet been determined,
but prompt notice will be given in these columns as soon as
this information is to be had.
Seattle, Wash.—(S t a t e a n d C i t y S u p p l e m e n t , page 148.)
—It is reported that bids will again be received for the $95,000 of sewer tunnel bonds of Seattle. The loan will bear in­
terest at the rate of 5 per cent, payable J. and J. at the City
Treasurer’s office or at some banking house in the city of
New York, at the option of the holder, and will become due
July 1, 1913.

C H IC A G O

C H IC A G O .

[VOL. l v i l

U ndivided earnings, in clu d in g
su rp lu s............... ............................
D eposited w ith S ta te A u d ito r. .

3 3 9 ,0 0 0
3 0 0 ,0 0 0

CAPITAL, PAID UP, - - - - $500,000
SURPLUS, - - - - - - - 50,000

AUTHORIZED BY L AW TO RECEIVE and ex­
ecute trusts of every character from courts, corpora­
tions and individuals. Takes entire charge of estates,
real and personal. Acts as agent for the registra­
Offers in v estors in r e a l estate secu rities tion and transfer of bonds and stocks and the pay­
p rotection afforded by no o th er system of ment of coupons, interest and dividends. A legal
doing business.
depository for court and trust funds.
Is authorized by law to act as Registrar of 8tocks
INTEREST ALLOWED ON DEPOSITS of money,
and Bonds, Exeoutor, Receiver and Trustee for which may be made at any time and with jrawn after
Estates, Syndicates, Individuals and Corporations.
five days’ notice, or at a fixed date.
Trust moneys and trust securities kept separate
TRUST FUNDS AND TRUST INVESTMENTS
from the assets of the Company.
are kept ^separate and apart from the assets of the
company.
CO R R E SPO N D E N C E S O L IC IT E D .
GUARANTEES TITLES TO REAL ESTATE.
MAKES ABSTRACTS OF TITLE.

OFFICERS:
GWYNN GARNETT, President.
A. H. SELLERS, Vice-President.
ARCHIBALD A. STEWART, Secretary.
CHA8. R. LARRABEE, Treasurer.
FRANK H. SELLERS, Trust Officer.
DIRECTORS:
Gwvnn Garnett,
Chaa. W. Drew,
W. D. Kerfoot,
John P. Wilson,
Horace G. Chase,
Bdson Keith,
John Q. Shortall,
Geo. M. Bogue.
John DeKoven,
A. H. Sellers.
Samuel B. Chase,
COUNSEL:
W . C. Goudy,
John P. Wilson,
A. W. Green,
A. M. Penoe,

M A N A G E R W ANT ED .
We ’wish to contract with a good, live man to
represent us in eacli large tow n and city m tne
United States. To such we can offer a perm ­
anent, paying and legitimate business.
Our Company is in the line of Building Loan
Associations, with the best features and with
out the risks and expenses o f such. W e feel
confident that we can afford the best and safest
investments in this line ever offered. Write
and see.

C h ic a g o

C o -o p e r a tiv e

C o n s tr u c tio n

C o.

R o o m . 6 1 6 -6 1 8 R i a l t o B u i l d i n g ,
C H IC A G O . I L L

DIRECTORS:
AZEL F. HATCH,
CHAS. H. HULBURD,
M. W . KERWIN,
GEO. N. CULVER,
HARRY RUBENS,
MAURICE ROSENFELD,
J. R. WALSH,
8AMUELD. WARD,
OTTO YOUNG.
OFFICERS:
J. R. WALSH, President.
CHAS. H. HULBURD, Vice-President.
SAMUEL D. WARD, Treasurer.
LYMAN A. WALTON, Secretary

Illin ois T r u s t &
B ank.

S a v in g s

C H IC A G O , I L L .
C A P IT A L , A N D S U R P L U S , - 8 3 ,3 0 0 ,6 0 0
INTEREST ALLOW ED ON DEPOSITS.
This Bank Is directly under the Jurisdiction an .
fcpervlslon of the State ot Illinois, is a LEGAL
DEPOSITORY lor Court Moneys, and Is authorized
w - g * j S U.8TKSi EXECUTOR, RECEIVER and

CORPORATIONS 6
8' INUIVIUUAI'“ <*” '
, ^
' o f f ic e r s :

John J. Mitchell, President.
John B. Drake, Vice-President.
Wm. H. Mitchell, Seoond Vice-President.
.
q « . . . Wm H. Reid, Third Vioe-Presidem
James 8 Gibbs, Cash’r. B. M.. ChatteU, Ass’t Cash1!
DIRECTORS
John McCaffery,
John B. Drake*
L. Z. Letter,
Wm. H.Reld,
Wm. H. Mitchell.
John J. Mitche
Wm. G. Hibbard,
J. C. MoMullin,
D. BCShlpman _
6.
HUtU Armour.
J. O
Ogden

Frederick T. Haskell

THE CHRONICLE

A ugust 5, 1883.]

Stockton, 111.—The people of Stockton will vote on Aug. 7
on the proposition of issuing $5,000 of 20-year bonds.
Tecnmseb, Kan.—The citizens of Teeumseh, have voted
in favor of issuing bjnds for the construction of a schoolhouse.
Toledo. Ohio.—(S
C
S
, page 84.)—
Bids will be received until August 7 bv City Auditor James
H. Pheatt for the purchase o f $497,000 of water-works refund­
ing bonds. The bonds will be dated June 1, 1893, and will
mature June 1, 1903. Interest at the race of 5 jier cent will
be payable semi-annually and both principal and interest will
be payable at the Importers’ & Traders’ National Bank, New
York. No proposal will be accepted for less than par and
accrued interest from the date of the bonds t o date of delivery
at Toledo. Bidders will be required to make separate offers
for four blocks of $100,000 each, one block of $50,000 and oue
block of $47,000.
The city first attempted to market a 4 per cent loan for this
amount, but as no acceptable bids were received the interest
rate has been raised to 5 per cent.
Tonawanda Tillage, N. Y .— (S
C
S
,
page 55.)—The sale of village 6 per cent street improvement
bonds to the amount of $102,000, which was to have taken
place on July 31at, has been postponed by order of Treasurer
Oruen until August 15, 1893.„The loan will be dated August 1,
1893, and will mature at the rate of $10,000 yearly from July 1,
1894. to July 1, 1901, inclusive; $11,000 will be payable in 1902
and the same amount in 1903. The bonds are issued under an
act authorizing the Village of Tonawanda to take lands nec­
essary and to lay out, improve or alter public parks, grounds,
streets, lanes, alleys and public places therein. The proceeds
of this particular issue will be used to pay for improving cer­
tain portions of Delaware, North and South Canal streets. A n
tate

and

it y

purchase of $23,260 of 6 per cent road bonds of the town of
Tonawanda, issued to pay for improvements on Delaware
Street. The loan will mature at the rate of $15,506®^ yearly
from date of issue, and the auction sale will be held at the
office of W. J. Rogers, Justice of the Peace, in the village of
Tonawanda. An advertisem ent, g ivin g fu r th e r details in

upplem ent

ta t e and

it y

229

regard to the sale o f this new bond issue, will be fo u n d in our
advertising columns.

Webster, Hass.—The $100,000 water-works bonds recently
authorized by the Legislature will soon be offered for sale.
The rate of interest which the bonds shall bear (which must
not exceed 6 per cent) has not as yet been determined. Same
will be payable semi-annually, and the bonds will mature in
30 years with an option of call after 20 years.
Winfield and Bridgewater Union Free School and Acad­
emy District No. 4, N. Y.—Mr. A. C. Hackley, Secretary of
the Board of Education writes the C
that the 'sale
of $15,000 of school bonds has been adjourned until August
9. Th* bonds are dated June 15, 1893. bear interest at the
rate of 4 per cent, payable annually, and mature at the rate
of $500 yearly from June 15, 1894, to June 15, 1923.
Yonkers, N. Y.—(S
C
S
, page 56.) —
James H. Weller, Mayor, notifies the C
concerning
the $50,000 of tax relief bonds, which were offered for sale on
July 31, that three bids were received for the whole amount,
at par, together with the following :
h k o n ic l e

upplem ent

tate and

it y

u pplem ent
h r o n ic l e

.

j

mi.

o tu

for.

John A Coyne, o f Y onkers............................. .................................. $30,000
Mr*. Amelia F. Fink, o f Y onkers......................................................
700
Yonkar* Savings B ank......................................................................... 10,000

The bid of the Yonkers Savings Bank stipulated that they
should have the option of taking all bonds remaining uubid
for. It is not reported to whom the loan was awarded.
The bonds are dated August 1, 1893, will bear interest at
advertisenumt elsewhere in this Departm ent gives f u l l jxtrticu- the rate of 5 per cent per annum, and will mature April 1,
1894.
lars o f the sale.
—It is reported that the City Council 0/ Yonkers has author­
Tonawanda (Tow n). — Proposals will be received until ized an issue of street improvement bonds to the amount of
August 14 by James B. Zimmerman, Town Supervisor, for the $50,000.
PACIFIC COAST.

FINANCIAL.

FINANCIAL.

Merchants National Bank

CHOICE INVESTMENTS

OF S E A T T L E , W J N G T O N .
UNITED STATES DEPOSITART
Aa*ru Mackintosh. Pres. t Jno. B. Aireu, Vice-Pres.
W t c . T. W ic k w a r * . C a sh ie r.

IN

C a p ita l,

F IS H E R

Street Railroad and
Municipal Bonds.

<V SH A W ,

9 *1 9 0 , 0 0 0 i **u r p iu w . e t c . , 9 4 0 , 0 0 0

BAM UKS,

lutereet-bearlag- Crrtllleaiee of Drpo«lt

PRICES TO SUIT THE TIMES.

S u p e r io r C o lle c t io n Kectiiuem .

Correspondence Solicit**

Tacom a National Bank,'

M em b er*

B a lt im o r e -M o c k

E xch an ge.

H A L T I .n u K K , n o .

First National Bank in the City,
TACOM A, W ASH IN G TO N .
Paid-up Capital......... ..................

*1400,1100

C c rrr e s p o n d e n e e tu r llc d .

Lamprecht Bros. & C o .,
4 5 W A L L N T ., N E W Y O R K .
CLEVELAND.

municipal
General Banking B i .I k h T ra ia a d e S .
Special Attention in Cellec.lnn..

U N IT E D 0 T A T 8 8 D E P O S IT A R T .
8 l.a tiu .U b O
B C R P L C 8.
.
.
.
B S A O .o t o
u

M erchantsNational Bank
(OLDEST

W A S H IN G T O N .

B A N K IB

Interest Paid on Time Deposits.
Karpina and l nrflrldrd Profit.......Slut).out
C o lle c t io n * s ■ n e c t a .t i.

S T A T IO N ! K
* 2 ? £ !!* *
N"

K.

AND P H U I T K I!

arC anlaiB p

orders promptly executed.
N o. I

C ole

B a t n e r t . S t o c k B r o k e r * e n d lx .
c o m p l e t e o u t fit * o f A o o o a n t B o o .
'Y n 'H" Tl*

w ill

Investment

by

Carothers,

bar*

rn .

W IL L IA M S T R E E T .
HAMJVEK * j t t i n .,

C o .,

BEK m o u n t s , IO W A .
Pa id up .

.

*150,000.

• h ole* in ,r a im e n t* In l b * moat C n n .e r r a .
liv e F ie ld In the Went

M ORTGAGE LOANS
IN

C IV
p e p
P C k lT
G o u ra n tte d F l m M ort• In
r C n
U L l , I k a p e * o n Im p rov ed la n d .
Id l o w * a n d E u t e r n N a b ra a k a . S a f* a n d D w ir a b l*
F il t e r n Y e lir a ’ M n c ce a a fu l E x p e r ie n c e .

TEXAS.

W end lo r P a m p h le t .

# Per Cent and 7 Per Cent Net.

W. A. HOTCHKISS,

HEO. H. LEWIS,

NO COMMISSIONS charged borrower or lender
until loose hare proven good.

Sacratarr.

Prwldknt,

FRANCIS SM ITH
a h to k iu

G.

R.

<Sc CO.,

, t js x a *.

Voss,

Geo. M . Huston & Co.

BOND AND STOCK DEALERS
W e b o y a n d M il o n t r l f b t a ll W e s t e r n
M a n i a pal B o n d s a n d S t o c k s .
We
c h e e r f u l ly f a m i s h fu ll a n d r e lia b le In­
fo r m a t i o n e o n e e r n in # o u t W e s t e r n s e ­
c u r it y w it h o u t c h a r g e . .M on th ly q u o ­
t a t io n c ir c u la r m a n e d t o oil a p p lic a n ts .
N e w is su e s o f m u n ic ip a l b o n d s w a n t e d .

Commercial Paper,
Bond*, Stocks sad Investment Securities.
606 FIRST RATIONAL. BANK BUILDING*

ESTABLISHED late

Eugene

Jac

hah

THE C1TTJ

C a p i t a l . .......................................................„ ........ t - a . ! 0 , 0 0 0
O o r r w p c c d a n o e aoU ettad.

Lewis

9 0 P O t U T I I A V K ., P I T T S B U R G , P A .

« . D. k o n u . Cwhler

» S io r r r r r , v .. p r„ .
O . W . K t i.v i. A i i L f u b .
G E E E R A I. H A R K I N G B t ’ M I K B M * .
ACCOUKTM M u m n p .

T A C O fW A ,

In

V IC IN IT Y

capital

OP SAN FRANCISCO, CAL.

Ja

''
AND

D e a lt

C A P I T A !.

It. a . M cu rin ', Pr«id*nt.

THE

securities

P IT T S B U R G

SAN FRANCISCO.
T h e First National Bank

BOSTON.

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

J * u r p l u « .......................................................... . . . 9 1 o n , 11lit)

Om aha, Nebraska.

The Caligraph Typewriter
STAN DS A T T D K H E A D .

THE

IXEBICAN WRITING MACHINE CO.
a a , B r o a d w a y , N e w Y ork

906

P I N K S T R E E T , S T . L O U I S , IS O .

H ackett & H o ff,
REAL ESTATE AND INVESTMENTS,
0 6 M i c h i g a n St*, M i l w a u k e e , W i t ,
F irst M o r t g a g e s o n I m p r o v e d M ilw a u k e e H ea l
E s ta te , b e a r in g s i x a n d s e v e n p e r c e n t I n t e r e s t
a lw a y s o n h a n d . N o c h a r g e t o t h e I n v e s t o r f o r cofrle c t in g I n t e r e s t o r lo o k in g a f t e r t a x e s a n d A re tn su r
o n c e . A b s o l u t e s e c u r it y .

THE CHRONICLE.

2B0

(Cotton.

(C o tto n .

Financial,
TValter T. Hatch,
Henry Prescott Hatch,
A rthur Melvin Hatch,
Members of N. Y. Stock and Produce Exchangee.

W OODWARD
& S T I L L M A N , I N M A N , S W A N N 8t C o
M E R C H A N T iS ,

COTTON MERCHANTS,
S e w York.

V O K k ,

W . T . H atch 8c Sons,
96 Broadway £ 6 W all St., New York.
Dealers In investment etooks and bonds.
Personal attention given at the N. Y. Stock Ex­
change for the purchase and sale on commission of
stocks and bonds for cash or on margin,
interest allowed on deposits, subject to draft at
sight.

16 to 22 WILLIAM STREET.
NEW

[VOL. LV1I.

COTTON OF ATJ. GRADES SUITABLE TO
WANTS OF AMERICAN SPINNERS.
H e n r y

H e n t z

8c

C o .,

JiMMAw Btvui A 0o„ Limited, New Orleans, La.
Lbhman-D vhb Oo., Montgomery, Ala.

COMMISSION

LEH M AN

1 6 to 2 2 W illia m Street, N e w Y o r k .
EXECUTE ORDERS FOR FUTURE DELI VERT

BROS.,

at the NEW TORE. LIVERPOOL AND NEW ORLEANS OOTTON EXCHANGES. Also order, for

N EW Y O R K .
MKMHKRH OF T H E BTOOK, COTTON, OOF

C O F F E E

Orders executed on the above Exchangee as well
as in New Orleans, Chicago and foreign markets.

Hubbard, Price & C o .,
OOTTON EXCHANGE BUILDING,
NKW Y O R K .

C R A IN

Hopkins, D w ight 8c C o .,
COTTON, COTTONSEED OIL
AN D

SOUTHERN PRODUCE

COMMISSION

P R O V IS IO N S

J. 0. B lobs.

C O T T O N

Members of the Cotton, Coffee and Produce Kxch's.
AGENCY OF

THE HAXALL CRENSHAW CO.,
R IC H M O N D , V A .

Standard Brand, of Flour for Shipment to Warm
Climates always on hand.

SULPHUR MINES COMPANY,
OF VIRGINIA.
High-Grade Pyrites, free from Arsenic.

SUCCESSOR TO

W. D. ROCXTKKK.
W

ALBERT L. BODNTRXK

.

D . R o u n t r e e 8c C o .,
COMMISSION MERCHANTS,
COTTON EXCHAN GE B U IL D IN G , MEW
Y O R K , and N O R F O L K , Y A .
COTTON. COFFEE, GRAIN, PROVISIONS AND
STOCKS.

C O T T O N SAIL DUCK

A

gknt

UNITED STATES BUNTING CO.
aHppi7, Wl Widths and Color., aiwayi m
N o. 1 0 8 D u a n e S tre e t.

MASS.

HIGH GRADE INVESTMENTS.
Members of New York and Boston Stock Exchangee.

W a y land Trask 8 c C o ,
B A N K E R S AND B R O K E R S ,
18 W a l l S treet, N e w Y o r k .
Transact a general banking business, including
the purchase and sale on commission of securities
dealt In at the New York Stock Exchange.
Wayland Trask .
alfreb N. Rahxxw.

ISaufcs.

COTTON BROKER.
SAMPLES AND PICKINGS A SPECIALTY.
CH ARLESTON , 8 . C.
Correspondence Solicited.
G e o .H .M

c F a d d e n 8 c B r o .

COTTON

M ERCH ANTS,

P H I L A D E L P H IA .

The

C ity

Bank,

B U F F A L O , N. ¥ .
C a p ita l, $ 3 0 0 ,0 0 0 |S u r p lu s, $1 SO,0 0 0
W. C. CORNWELL, President.
P. H. GRIFFIN, Vice-President.
Hon. CHA8. DANIELS, 2d Vice-PresidentALFRED J. BARNES, Cashier.
Send all your collections to this bank If you want
them handled as they should be. All classes of ac­
counts cared for Correspondence Invited.

L iv e r p o o l Co r r e s p o n d e n t s ,

F R E D E R IC K

ZEREGA

A

CO.

Bliss, Fabyan 8c C o .,
N E W Y O R K , BOSTON ,PH ILADELPH IA .
Selling agents fo b L eading B rands
BR OW N and BLEACHED 8 H IR T IN G 8
and SHEETINGS,
PRINTS, DENIMS, TICKS, DUCKS, * 0 .
Towel*, Quilts, W hite Goode and Hosiery.
D riU s, S heetings, 4 c ., fo r E xp ort Trade.

M. T. Ma in e .

W m . Ra y .

B. F. E vans , Special.

Geo. Copeland 8 c C o .,
Cotton landed at mills from Southern markets a
specialty. Orders for future delivery contracts
executed on New York Cotton Exchange.
W

o o d ,

H u e s tis

8c

C o .

31 Pine Street, New York City.

A N D A L L KINDS OF

»»TTON CANVAS FELTING DUCK
CAE COVERING BAGGING,
RAVENS DUCK, SAIL TWINE, Ao„
POPE " AWNING ’’ STRIPS®.

BOSTON,

A . A . Goldsmith, A g t.

BiTnckerhoff, Turner & Co.,
MANUFACTURER AND DEADER IN

BANKERS AND BROKERS1

M E R C H A N T S ,

COTTON B R O K E R S ,
1 29 Pearl Street,
•
New York.

J. Spencer Turner,

C o.*

2 2 W illia m S tr e e t,
NEW YORK,.

Crenshaw 8c W isner,
COMMISSION M ERCHANTS.

8c

J. O . BLO SS 8 c C O .,

Lucius Hopkins Smitk.
Samuel Hopkins.

1 6 & 1 8 E x c h a n g e P la c e , N e w Y o r k ,

Prince

Gao. H. cettbch. Special

MERCHANTS

Room 5 2 , Cotton Exchage Building,
NEW YORK.
Gustavos O. Hopkins,
Charles 1). Miller,

AND

at the NEW YORE PRODUCE EXCHANGE and
the CHICAGO BOARD OF TRADE.

General Commission Merchants.
Members New York Stock Exchange, New York
Cotton Exchange, New York Produce Exchange, New
York Coffee Exchange, Chicago Board o f Trade.
Orders executed on any of the above Exchanges,
also for purchase and sale of cotton for future de­
livery in New Orleans and Liverpool. Liberal ad­
vances made on ootton consignments.
PRICK, R E ID dc OO.,
Norfolk, Va.
PRICE, R E ID dc A D A M S, Limited,
Charleston,
C.
Special attention given to orders for ootton for
foreign or domestic shipment.

H.

at the NEW YORK COFFEE EXCHANGE, and

FEE AND PRODUCE E X C H A N G E S,

N kw Y ork .

F.

C O T T O M

C O n S lS S IO N M ERCH AN TS,
No. 40 Exchange Place,

MERCHANTS,

CO M M ISSIO N

BROKERS,

A m e r ic a n

E x ch a n g e

B a n k ,

ST . LOTUS, M O .
Capital, - 8 5 0 0 ,0 0 0 I Surplus, - 8 3 2 5 .0 0 *
PETER NICHOLSON, President,
ALVAH MANSUR. Vice-President,
WALKER HILL, CashierWe send direct to every banking point in Me.

N ew

Orleans

Canal 8 t

Banking Com pany,
N E W OR LEAN S, L A .
Capital.. .6 1 ,0 0 0 ,0 0 0 I Surplus ... 8 4 7 3 ,0 0 0
J. C. MORRIS, Pre*.
EDWARD TOBY, Cash,
Corrsspondsnts —Nat. CSty Bank, Nat. Bank of
Commerce, New Y ork Boatmen's Bank St. Louis.
N. W. Nat Bank Chicago. Merchants’ Nat. Bostcc

THE

State Bank o f Virginia,
R IC H M O N D , V A ,
Capital, 8 5 0 0 ,0 0 0
Surplus, 8 2 3 5 ,0 0 0
JOHN S. ELLETT, President.
WILLIAM M. HILL, Cashier.
Collections Remitted tor on day of Payment,

AND DEALERS IN
IN V E S T M E N T S E C U R IT IE S .
C. H. HUESTIB
(Member N. Y. Stock Kiahaneej’
M. SWAN,
i H. LADD, JR.
„
General P
OD, Speot&i Partner.

&

Fifth Avenue H otel,
M a d is o n S q u a re , N e w Y o r k ,
The largest, beet-appointed and most liberaMy
“ a^aged hotel In the city, with the most central
~~~
location.
HITCHCOCK, DARLING A 00.