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R E P R E S E N T IN G T H E IN D U S T R IA L A N D COM M ERCIAL IN T E R E S T S OP T H E U N IT E D S T A T E S ,
|Entered, according
to
Act o f Conin:e:i*, In the year 1893, by W ji. B.
V O L . 57.
D a n a &.
C o., In the office of the Librarian of Congress, W ashington, D. O.
SATU R D AY, DECEM BER
16, 1 8 a s .
N O . 1486.
W eek E n d in g D e ce m be r 9.
T h e
© h r o u x c le .
1893.
New Y o r k . , . . . . . . . . * . .
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a t I». eacl .
w tT T d v n DAtfA ( W I L I t l . l I I H • I)A ?V A 4b G o ., P u b lin lir r H ,
WILLIAM B.DAKA.l
1 0 3 W illia m S tre e t, N E W Y O R K .
Jo i n o , FLO i d .
I
Po s t O f f i c e B o x 9 5 8 .
Salesof—
( Stocks.......... shares.')
{Grain.....,.,.bushels.)
B o s t o n . .. . .. ................ .
P r o v i d e n c e ............. . . .
H a r t f o r d ...,.............. .
New K a r e n .......... ..........
3 p r l n g ii e id .. . . . . . . . . . . . .
W o rce ste r... . . . . . . . . . . .
P o rtla n d ....
, ..........
Fall H i r e r . . . . . . ....... .
L o w e ll............
...
New B e d fo r d ................
T o ta l N ew E n g la n d ..
—31*9
0,012.553
(&,081,550;
a . 943.484)
( -4 7 9 )
(12.003,242,
94,261,598 100,939,025
5,000,700
7,024,300
2.489,460
1,9 <9,369
1,114.155
1,773,52-i
M O 5,874
1,2-16.*02
1,2*1.707
929.809
689,110
559,291
108,578.038
1,424,017
1,489,650
l,407,i8*>
1,244,761
1,089,243
489 560
125,431,229
72,655.832
15.683.613
9.G12.070
2,391,180
1,815, £92
1,051,897
827,770
882.800
120,346,002
P e o r ia ........
P e r Cent.
Spokane..
Great F&3
•a3is+......
S iou x Falls.......
F a r g o * ............
$408,854,338
89,808,01*
49,000,000
10,533,010
72.432,509
19,352,813
11,303,0B0
$700.54 9
95,830,805
0.3,923,705
13,607,622
91,308.171
23,017,800
13,227,188
—■41'8
T o ta l P acitlc.
-2 6 7
K ansas C i t y . . . . . . . . . . . . . .
-23*3 M
in n eapolis.. . . . . . . . . . . .
-22*8 O m aha ..............................
—20*7 St. P a u l . . . . . . . . . . . . . . .......
D e n v e r ..............................
-15*9 D u lu th ..., .........................
-1 4 S St. J o s e p h . . . . . . . . . . . . . . . .
Seven cities, 5 days . . . .
Other cities, $ days...... .
$841,343,568
120,411,822
•fi.OCO,883,097
169,948,793
-33*8
-29*1
Total all cities, 5 days....
AH stuns, 1 d ay ....................
£701,755,190
158,828,713
$1,170,911,830
285,302,978
Total ail cities for week..
$420,583,003
$1,450,2:4.868
-3 4 9 Fremont............ .— ...
-44*9 B in c h in s o a .f...............
Hastings*,...,,........ .
-3 8 9 Springfield, M o .* . . . . . . . . .
Sioux C i t y ........................
Des M oin es....... .
Lincoln.,.......................
Wichita......................
T o p e k a ..., . . . . . . . . . . . . . . .
T o ta l O th er W e s te rn ..
The full details of clearings for the week covered by the
L o u is ......
above statement will be given next Saturday, We cannot, of StNew O rleans..
course, furnish them to-day, bank clearings being made up by L o u is v ille .....
a lv e s to n ....
the various clearing houses at noon on Saturday, and hence in G
H o u s t o n ,.,,...
the above the last twenty-four hours of the week have to be R ic h m o n d ....
N ashville.........
in all cases estimated, as we go to press Friday night.
Savannah emphla..
phis..
We give below our usual detailed figures for the previous M em
ta .
week, covering the returns for the period ending with Satur NA tlan
o rfo lk ..
day noon, December 9, as well as the comparative totals in
1892. The aggregate exchanges show an increase of about J o r i W o r t h ............
one hundred million dollars over the previovs week, the gain B irm in gh am ..........
o g a ...,...
nt New York being thirty-seven millions. Contrasted with JCahcaktstoannvoille
...........
the corresdonding period of 1892, all but fourteen of the cities T o t a l S o u th e rn record losses, and in the aggregate for the whole country T o ta l a l l . . . . . . . ............
there is a decrease of 25*8 per cent. The most important per
centages of decrease this week have been at Spokane 71 per O u tsid e N ew Y o r k ...
cunt: Nashville 68*7 Birmingham 54*9; Chattanooga 52*1; M ontreal ...........................
to ............................Seattle 50*2 ; Milwaukee 48*8; Portland, Ore., 48*5; Denver THoaron
lifa x .......................... .
48'5*; Memphis 42*4 and Sioux City 41*8 per cent. The heavi H a m ilt o n ..... ...................
est gains are seen at Savannah, New Bedford, Norfolk and T o ta l Canada .........
£ * N o t included In tw
Houston.
79,020,149
4,474,600
1,069,177
1,075,111
1,081,940
918,V.U
1,141,200
740.832
028,5+9
45:3,7*20
91,816,489
-27*4
—31*8
—29*2
—11*9
—28 8
—20*5
—'20*3
-1 5 3
-1 6 3
-1 2 0
-25*3
—30 7
+11 2
-1 3 4
-1A6
—20*8
-35*1
-10*6
-35*7
—3*1
-30*0
-27*0
-2 4 1
-F84
—11-9
-3 2
59,533,093
10,089.404
11.892+97
6,703,019
1,270,810
1,334,7-2
777,508
750,171
-1 4 -6
92,071,172
—81'fl
—162
83 279.484
11.*238,700
3.809.5 -2
5,1100,000,
3,840,592
2,558.100
1.250,219
1,478,400
825,007
3 U ,i 26
-32*0
-30*2
-6 1 * 0
—42*8
-23*5
—10 2
-H0 3
—29 2
-3 9 0
—31*4
-1 0 5
-4*8
320,900
133,808,481
104,832,987
- 1 8 '8
154,
135,720
110,808
231,083
114,203,840
12,546,474
1,234,872
10,081,620
2,400,000
-24*7
—48 5
12.824,732
1,223,797
673 652
741,033
1,008,741
1,153,000
9t*9 542
998,304
-5 0 2
-2 5 9
447.589
•Rl 0
—7i-0
-F1A
r a
-31*8
=8? !
—40 &
-6 0 0
-3 1 0
-2 4 * 3
-22*1
+4*8
—39 t
-37*4
—16*5
-24*1
-17*4
-51*0
-34*5
—47*0
-27*2
—27*0
-84*0
-34*7
-48*6
-00*3
-5 2 0
+11*1
245,418
—78 :i
133,477
83,7 53
-ai*7
192.744
153,716
190,900
16.052,323
23,627,003
-2 9 -5
16,277,257
-38*8
9,731,610
7,638,439
5,099.602
4,747,752
11.420.753
11,276,001
5,981,o37
0.442.141
5,180.773
2,400,0o0
2,292.131
-1 4 8
-8 3 1
—14 4
-26*3
-4 8 6
—10 7
— 18 4
-4 1 8
7,347,498
0,051,547
4,4 1.708
3,027.982
2.131.002
4,757,330
1,838,790
081,503
007,459
480,924
405.10 '
307,320
67,904
-3 4 -7
—46*1
Albuquerquet..
New Y o rk .............. . . . . — . .
Boston
- .......
BMlmdelpMa
Baltimore ..............................
Chicago ..— . . . . . . . . . . . . . . . . .
tu. Lottie...... .......- ...............
New Orleans. . . . . . . . . . . . . . . . .
-88*7
—26 5
1,224,597
P. Cent
(-89*81
(-41*0)
-2 0 4
......
1893.
(1,308,71$)
{-28 3, (13,513,130;
-1 7 -2
—48*8
-2(5 J
—18 5
-2 2 9
-49*8
Grand R a p id s ............
L e x in g t o n ..................
S a g in a w ....,....... . . . . .
W e e k E n d ’g D e c . 2 ,
500,938,031
10,0-6.1-iB -1 1 0
C h icago....... .
Clu ctnnatl . . . . . . . . . . . . .
M il w a u k e e ........ . . .
D e tr o it ............... .
C le v e la n d ....
C o la m b a s .. . . . . . . . . . . .
In d ian ap olis.. . . . . . . . .
Spn ngheld, G . . ........ .
C a n to n ..........................
Bay C ity*...................
T otal M id d le W estern .
W eek Ending Decem ber 18.
1892.
789,915,487
Akron....... ................
CLEARING HOUSE RETURNS.
1893.
\P. Cent.
637,8*0,67*
P h iladelphia— ..
P ittsburg...............
B altim ore......... . . .
B u ff a l o ........ . . . .
W ash in gton ,...» .
R o c h e s te r .........
S y r a c u s e ..... . . . . .
W ilm in g to n .........
Bingham t o n , .. ,. ..
T o ta l M id d le ...
The following table, made up by telegraph, etc., indicates
th a t the total bank clearings of all the clearing houses of the San F r a n c is c o ....
P o r t l a n d ..........
United States for the week ending to-day, December 16, have gait
L a k e C lty t..
b*en I920.5S3.903, against $1,003,534663 last week and $1,- Beattie....... .
T a co m a ...............
459,214,868 the corresponding week last year.
Los A n g e le s .,.,,
Helena* .........
C lm am t h q b .
R eturns by Telegraph.
1892.
2,071,621
1,870,340
91$, 781
937,492
681.325
561,903
m»+$
105,817
099,111
819,953
552,(‘37
478,122
lOl.ooo
—0*2
—20*0
+1-8
—7*6
+4 8
m jiS
0,050,815
4,127,047
4.120.000
1,816,234
1.031,732
2,637,630
2,081.405
1,626,018
1,214,201
"iiolooo
82&',t)00
204,047
245,021
414,771
06,573.205
49,539,108
—24*4
29,852,980
28,209.082
-1 4 2
-13*7
20,161,944
13,482,167
5,055,391
3,470,358
3,722,^-73
1,8 0,028
717,424
2,302,212
1,571,723
1.170-703
10,471,6^7
8.733,475
4.279.071
3.699,132
2,51 \ 133
2,408,469
2,275.445
3,015,018
1.703,084
1,081+76
1,115,955
1,084,914
744,977
685,604
511,130
414,532
79,602,069
1,003 534.661 1,853,294,905
405,926*090
12.704.244
0,040118
1,271,203
-80*7
-20*0
-50*5
-41*7
= 11
—40 3
72,901
99,001
87,444,310
-35*4
3§!
503,879,418
14,450.2.53
7,943,979
1,395,708
971,773
24.701,093
-23 s:
-3 0
+11-4*
- 2 7 -8
—68*7 j
+16*9
-42*4
-8 0
+11 9
+002
-20*3
4 !4
-5 3 * 1 1
—10 4
1,2 (9 250
995.277
700,- 00
528,501
238 825
101 097
330,-298
67,702,721
-2 .+
B03.M2.Oa6
-17*3
402,043,405
—l r ?
—10*4!
—8 7
—0 9
—12 8
40,81 Loot
o,172,763
1,150,939
753,638
18,898.324
f Publication discontinued for the present.
-40*8
1012
THE CHKONICLE.
TH E
STjftTE
A W
CITY CEf^TiTMEI'JT,
S ee p a g e s 1 0 5 3 , 1 0 5 4 , 1 0 5 5 , 1 0 5 6 , 1 0 5 7 a n d
1 0 5 8 for our State and City Department.
A ll advertisements with relation to State and City- Bonds
will likewise be found on the same and following pages.
THE F IN A N C IA L SITU ATIO N .
Congress certainly ought to take an early opportuni
ty to provide for the issue of exchequer bills or some
other short-time security with which the Secretary
can obtain a temporary loan and bridge over the pres
ent emergency. The Treasury financial condition does
not admit of longer continuance in its present shape.
Experience during the past few months has provt d that
there can be no well grounded hope of any considerable
improvement in the revenue receipts under existing
laws until there is a material revival of business, a id
obviously there can be no reasonable expectation of
bettering this revenue condition under new laws for
some time to come. VYe may assume that the A dm in
istration is aware of these facts, as is evidenced by the
presence in the city this week of Mr. W illiam E. Cur
tis, Assistant Secretary of the Treasury ; and no doubt
is aware also that the current gold exports add to the
urgency of the situation and make speedy action by
Congress imperative. It is reported that Mr. Curtis
came here as the representative of the Presi
dent and
the Secretary
to
acquaint
himself
and them with the possibilities of the market for fur
nishing funds if proper securities are authorized and
offered, and with that purpose has been in conference
with a number of our leading bankers in reference to
the financial needs of the Government. Some such
transaction would be peculiarly timely, for besides
supplying the needs of the Treasury and thereby arrest
ing the anxiety that is felt in Europe on - account
of the Treasury condition, it would take away a large
block of the surplus currency which has placed our
money market in such a deplorable fix and would thus
tend to put an end to gold exports and relieve busi
ness revival of that special incubus.
The disposition of our banks to act so as to mitigate
as much as possible the embarrassment the Treasury is
suffering from is seen in the manner in which they
have handled the gold export movement. Their action,
too, in this particular shows a change of method which
is clearly expressive of the added confidence felt in the
stability of the currency since the passage of the silver
repeal bill.
Last summer, and indeed for years
back, when a similar movement was in progress
the burden of supplying the metal for shipment
was thrown upon the Treasury; now the banks
furnish the shipper with the gold from their
own vaults instead of paying his checks as heretofore
in legal tenders to be used to obtain the needed coin or
bullion at the Sub-Treasury. It is, however, the de
sire to be of service to the Government that is exhibited
by this change of method which is chiefly of interest
n o w ; for it suggests to Congress and Government offi
cials that they cannot be too expeditious in correcting
and strengthening the Treasury situation. The public
has been patient under a prolonged continuance of
Treasury destitution, and would be so longer if there
was any good ground for hope that the revenue would
increase in the natural way.
The start in tariff legislation is also being unfortu
nately delayed. A n early promise was that the pro
[You LVII.
posed bill was to be passed by the House before Christ
mas. The realization seems to come so far short of the
early promise that the bill will not more thaa get re
ported by that time. We urge haste ia the interest of
our industries. The change of time for the act to go
into effect from Maich 1st to June 1st has been a
partial relief, and it would be an added boon to
have the legislation pushed aloDg rapidly.
Busi
ness affairs are very slowly getting into better shape.
N o one anticipated much improvement until after the
middle of January. Of course tariff changes when in
progress must always be a source of more or less un
certainty, and the Treasury situation with gold exports
added caunot but tend in some measure also to cheek
enterprise. Y et in face of all these drawbacks the
movement is upwards, and after the holidays and the
new year gets well under way, the signs of improvement
ought to be more marked. We have given some facts
below in this article with reference to the iron trade
and railroad earnings which will be found of interest
in their bearing upon the industrial situation.
The explosion of a bomb thrown upon the floor of
the Erench Chamber of Deputies on Saturday last by
an anarchist named Valliaut had a startling effect in
all the European capitals, and at once led to the adop
tion of repressive measures by the Erench Government.
Four bills regulating the press, and also the manufac
ture, storage and sale of dynamite, and severely dealing
with anarchical assemblages, were at once introduced in
the Parliament and promptly advanced. It is thought
that this event will tend to solidify the new cabinet,
which had given evidence of lacking cohesion, and
at the same time will induce
other governments
of Europe to deal severely with this dangerous, though
probably very small, class of the community.
Currency continues to flow towards this city, but in
less volume than in previous weeks, and besides the
shipments are heavier than they were, so that the net
gain by the banks is small. These movements have,
however, lost their influence upon the money market,
as the accumulation of currency is already so largely
beyond requirements that smaller arrivals have very
little significance. Call money as represented by bank
ers’ balances continues to loan at 1 and at 1\ per cent,
averaging about 1^ per cent; renewals are at
per cent,
and banks and trust companies quote 2 per cent as the
minimum. Time money is in abundant supply, al
though
the
city
banks
are
les3 liberal in
their offerings,
being
influenced by a possi
ble
continued
drain of
gold for
export to
Europe.
The demand for loans does not increase
because business among the commission houses
i3 so light; rates are 2 per cent for thirty days, 2£ per
cent for sixty to ninety days, 3 per cent for four to
five months and 34 per cent for six months on good
Stock Exchange collateral.
Commercial paper is in
good demand from all classes of buyers who have not
yet been able to obtain full lines of this kind of invest
ment. The supply of the best class of names con
tinues limited, and merchants who are usually large
borrowers at this time of the year are practically out of
debt. The offerings of lower grade, although good
paper, are not excessive.
Some railroad paper made
for supplies is being placed, but this does not grade as
first class, and it sells for much higher rates
than even good single-name merchant paper. Rates
for commercial paper are quoted at 34 per cent for
sixty to ninety day endorsed bills receivable, 4 to 4J
per cent for four months’ commission house names and
THE CHE0N1CLE.
D ecember 16, 1893.]
5 to 6 p e r c e n t fo r g o o d s in g le n a m e s h a r in g fro m
fo u r to s ix m o n th s to ru n .
T h e B a n k o f E n g la n d ra te o f d isc o u n t rem a in s
u n c h a n g e d a t 3 per c e n t. T h e ca b le rep o rts d isco u n ts
o f s ix ty to n in e ty d a y h a n k b ills in L o n d o n 2 } @ 2 f per
c e n t. T h e op en m a rk et ra te a t P a ris is 2 } p er c e n t,
a t B e r lin it is 4 } p er c e n t a n d a t F r a n k fo r t 4 § per
c e n t. A c c o r d in g to ou r sp ecia l ca b le fr o m L o n d o n
th e B m k o f E n g la n d g a in e d £ 1 7 4 ,0 3 5 b u llio n and
h e ld a t th e c lo se o f th e w eek £ 3 5 ,8 5 1 ,9 3 7 . O u r cor
r e sp o n d en t fa r th e r a d v ise s n s th a t th e g a in wa3 d u e
to th e im p o r t o f £ 3 1 ,0 0 0 fro m P o rtu g a l an d to th e
receip t o f £ 1 5 3 ,0 0 0 fro m th e in terio r o f G reat
B rita in ,
T h e fo r e ig n e x ch a n g e m a rk et h as b een d u ll a n d g e n
era lly firm th is w eek . T h e b ills so ld a g a in st th e gold
sh ip m en ts o f 8 1 ,7 0 0 ,0 0 0 by T u esd a y 's stea m er w ere
d isp o sed o f b y M on d ay a ftern o o n , an d th e m a rk et th en
clo sed w ith a n ea sier to n e. I t o p e n ed o n T u e sd a y
fr a c tio n a lly low er, in flu en ced by o fferin g s o f b ills a g a in st
se c u r itie s b o u g h t for E ir o p sa n a c co u n t, b u t in th e
a ftern o o n a ren ew al o f th e d em a n d fo r r e m itta n c e for in
tere st and fo r s e ttle m e n ts m ad e th e to n e firm er, a n d th e
m a rk et b e in g n arrow it was e a sily in flu e n c e d . O n th e
fo llo w in g d ay th e in q u iry f >r b ills was am filer an d th e ton e
g rew ea sier, b u tr a te s were o n ly fr a c tio n a lly low er, and o n
T h ursd ay a rene wal o f th e d em a n d m ad e th e m a rk et firm er
a g a in . Y esterd a y th e to n e w ag fla t! and. b arely stea d y .
T h e r e b ein g n o G T iu an stea m er tod ay n o g o ld
w ilt b e se n t, a n d it is th o n g h t th a t n o n e w ill g o fo r
w ard be fore S a tu r d a y th e 2 3 d . E x p o r ts o f g o ld on
T u esd a y th is w eek w ere 8 1 ,2 0 0 ,0 5 0 by L iz ird F rerea
an d $ 5 0 0 ,0 0 0 by H d d elb a o h , lo k e lh e im e r & Co. T h e
fo llo w in g ta b le sh o w s th e d a ily c h a n g es in th e rates o f
e x c h a n g e b y th e le a d in g d raw ers :
Frt,
D ec. &
Mon,.,
T o e s.,
W ed.,
T h a rsn
Frl.,
D oc. 11. D ec. 12, D ec. 13. D ec, 14. D ec. 15.
j
days . t m u
Brown B r o s .. . . •
| Sight,. . , i W H
m i
m i
85
88
E d a y s ... A m
ib r ia c ;
Mwtoan <£ Co. j[S ig h t...., 4 9 8 *
m
m ,4
m
m i
m
88*
Batik British
H o.
m>4 a m u
m :4
mu
jiff* d a y s .,
t: S ig h t.....
A S&H
B m k (A
\i 60 d ays .
M em um L, . . . 1! S ig h t..,..
mu
m
m\4
m
f sight... ,
mu
m
BAH
m
Gmm4im Bank- f
o f Com m erce,
d a y * ..- a m>H
, Am
H e td elb A ch fck - « m day#. . 4S5V*
athe&nar & Co 1 S igh t..,. , A m
HZ
8*
8*
m
88
85
8S
ih
m
9854
81
Si*
m s
m
!*
If4
m i
89
s * mm u mm u m u
m i
mu
mi
88
m
S 1* m
&
T h e m a rk et clo sed d u ll a t 4 85 to 4 86 fo r s ix ty d ay
an d 4 88 to 4 8 8 } fo r s ig h t. R fi.es fo r a c tu a l b a d n e s s
w ere 4 8 4 } to 4 8 4 } for lo n g , 4 87 to 4 8 7 } for sh o r t,
4 8 7 } to 4 8 7 } for ca b le tra n sfers, 4 8 3 } to 4 84 fo r
p r im e a n d 4 8 3 } to 4 8 3 } I or d o c u m en ta ry com m ercia l
b ills.
A c c o u n t reg a rd in g th e iro n tra d e are b e c o m in g a
lit tle m ore fa v o r a b le, a t le a st as co n cer n s th e v o lu m e o f
b u sin ess, an d s ta tis tic s ap p ear to su p p o r t th ese s ta te
m en ts. T h e trad e jo u rn a ls sp eak very ca u tio u sly in
view o f th e im p e n d in g tariff c h a n g e s, b u t a d m it th a t
th e n eed s to su p p ly ev ery -d a y re q u ire m e n ts for iron
and ste e l are a t last m ik in g an im p re ssio n . T h e
" I r o n A g e ” g iv e s ed ito ria l ex p ressio n to th is view ,
sa y in g th at w h ile large o p e ra tio n s w ill be c h e e k e d u n til
th e u n c e r ta ia ’ies o f tariff le g isla tio n are c le a red u p ,
th e r e is n ev erth ele ss c o n tin u a l c o n su m p tio n or w aste
w h ich m u st be ren ew ed , th a t th e co u n tr y ca n n o t com e
to a c o m p lete s ta n d -still an d all co n su m p tio n be
sto p p ed , a n d th a t “ th e h ea v y c u r ta ilm e n t o f p r o d u c t
iv e in d u str ie s d u r in g th e p a st su m m er a n d a u tu m n
c u t d ow n th e sto ck s o f m a n u fa c tu red g>ods
in m a n y lin es to a p o in t re q u irin g a lm o st
an u n in ter ru p ted flow o f th o se g o o d s from loom or
day*.. , A
L m \ t4 ffreresu. •fI do
S ig h t.,... . A m
]0 1 8
w o rk sh o p th r o u g h th e h a n d s o f d istrib u ters to th e c o n
su m e r .” M ore im p o r ta n t s till, h o w ev er, an d co n firm a
tory o f w h a t is sa id , is th e “ A g e’s” record o f th e iro n
fu rn a ces in b la st, b r o u g h t d ow n th is w eek to th e first
o f D ecem b er. I t w ill be rem em b ered th a t u p to th e
first o f O ctob er th e m o n th ly sta te m e n ts h a d sh o w n ea ch
m o n th a d im in u tio n in th e n u m b e r o f fu rn a ces a t w ork
an d th e ir a g g r e g a te w e e k ly c a p a city , so th a t a t th e
d a te m e n tio n e d th e n u m b er in b la st sto o d a t o n ly 1 1 4 ,
w ith a ca p a c ity in gross to n s p er w e ek o f b a t 7 3 ,8 9 5
ton s, a g a in st 2 51 fu rn a ces o n M ay 1 w ith a ca p a c ity of
1 1 1 ,5 5 1 to n s. O n th e first o f N o v em b e r th ere h a d b een
a s lig h t in crea se, th e n u m b er o f fu rn a ces risin g fro m 1 1 4
to 117 an d th e w eek ly c a p a c ity fro m 7 3 ,8 9 5 to 8 0 ,0 7 0
ton s. N m for th e 1 st o f D e c e m b e r th ere is m o r e d e e id e d
ev id en ce o f th e re su m p tio n o f w o rk , th e n u m b e r o f
fu rn aces in a c tiv e o p era tio n b ein g r e p o rted a t 1 3 0 ,
w ith a w e ek ly ca p a city o f 9 9 ,3 7 9 to n s. I n oth er
w ards, from th e lo w e st p o in t o n O ctob er 1 th e in crea se
has been 16 fu rn a ces, a d d in g 2 5 ,4 8 4 ton3 to th e w e ek ly
ca p a city , eq u al to 1 } m illio n to n s per year. M o re
over, sin c e th e 1 st o f D ecem b e r som e o th e r fu rn a ces
h ave resu m ed w ork. O f c o u r s e 'p ro d u ctio n is s till a
great w ay b elo w th e la rg e to ta l o f th e s p -in g , b a t th e
in te r e stin g a n d im p o r ta n t fa c t is th a t th e lo w e st p o in t
in th e p srio d o f d ep ressio n has b ee n p assed , and th a t
stea d y th o u g h si >w recovery is n o v in p ro g ress. I t is
also w orth n o tin g th a t sto c k s (so ld an d u n so ld ) h av e
decreased s lig h tly th e la st tw o m o n th s, b e in g rep o rted
8 1 8 ,9 8 7 to n s D ecem b e r 1 , a g a in st 8 3 8 ,4 1 3 to n s N o v e m
ber 1 and 8 5 2 ,7 6 2 to n s O Jtober 1.
W e g iv e ou r s ta te m e n t o f ra ilw a y g ro ss ea rn in g s for
N o vem b er o n a n o th e r p ag e, a n d th e r e su lts are as
fo resh a d ow ed in th e p re lim in a ry to ta ls p u b lish e d by n s
last w e ek . T h e ra tio o f fa llin g off is 6-65 p er c e n t,
w h ich is a v ery sa tisfa c to r y sh o w in g c o n sid e rin g th e
ab sen ce o f th e F a ir tra v el e x istin g in th e m o n th s p r e
ce d in g . F o r th e first w eek o f D ecem b er th e re su lt is
les3 fa v o ra b le, ou r early sta te m en t, fo r th a t p erio d ,
co v erin g 59 road s, sh o w in g a lo ss o f 12 38 p er ce n t,
th is c o m in g a fte r an in c r e a se in th e sam e w eek la st
year o f 5*10 p er c e n t. I t sh o u ld a lw ays h e re m em
bered th a t g ro ss ea rn in g s at th e m o m en t afford
no in d ic a tio n o f w h at th e n et resu lts are
lik ely to be, fo r in variou s w ays ex p en ses
are b eiu g red u ced an d in m an y c a ses very h e a v ily re
d u ced . T h e effo rts a t r e tr e n c h m e n t are w ell illu s tr a
ted b y th e a c tio n o f th e m a n a g em en t o f th e P en n sy lv a n ia
R filro a d th is w e ek in e n jo in in g u p o n th e h ea d s o f
d ep a rtm en ts th e m o st r ig id e c o n o m y , w ith th e v iew
“ to red u ce a ll e x p e n d itu r e s to th e lo w est p o in t c o n sist
en t w ith th e sa fe a d m in istr a tio n o f th e se r v ic e .” T h is
step is n o t o n ly w ise a n d p ro p er, b u t it is a b so lu tely
n ecessary u n d er th e e x istin g g rea t d ep ressio n in b u sin ess.
In a d d itio n to th e rep orts o f n e t e a rn in g s fo r O ctob er
received a n d n o tic e d by n s in p rev io u s w eek s, a few
o th ers h a v e co m e to h a n d th e p re se n t w eek . T h e
U n io n P a cific is th e m o st p r o m in e n t o f th e se , an d re
p orts $ 1 ,0 0 6 ,7 3 5 d ecrea se in gross an d $ 5 5 5 ,1 1 6 de
crease in n ot. T h e C h ica g o & W e st M ic h ig a n , w ith a
d ecrease o f $ 4 ,5 6 5 in gross e a rn in g s, r e d u c e ! ex p en ses
$ 7 ,7 5 7 , m a k in g a g a in i i n e t o f $ 3 ,1 9 2 . T h e
D e tr o it L a n sin g & N o r th e r n , o n th e o th e r h a n d ,
w ith a d ecrea se o f $ 1 5 ,5 6 1 in gross e a rn in g s, en la r g e d
its ex o e n se s $ 9 ,9 6 2 , th u s ca u sin g a d ecrea se in n e t o f
$ 2 5 ,5 2 3 . T h e L o u isv ille N e w A lb a n y & C h ica g o
and th e E lg in J o lie t & E a ste r n are tw o road s w h ic h
h ave str ik in g ly g oo d e x h ib its, b oth h a v in g p resu m a b ly
p ro fited la r g ely b y th e F a ir. T n e N e w A lb a n y rep orts
1014
THE CHRONICLE.
gross of $352,421 against $309,679, and net of $130,244 against $96,477, and the Elgin Joliet & Eastern
gross of $104,576 against $81,085 and net of $43,805
against $28,890. The West Virginia Central & Pitts
burg has already made its report for the month of N o
vember, showing gross of $98,324 against $96,106,
and net of $34,401 against $34,931 ; the Nashville
Chattanooga & St. Louis, for the same month, has gross
of $382,037 against $425,045, and net of $174,201
against $175,628, and the Houston East & West Texas
gross of $55,034 against $52,323, and net of $28,023
-against $16,597.
There are indications that the war of rates among
the trunk lines on east-bound traffic will be speedily
terminated. Some further reductions of rates were an
nounced this week, but efforts are making to secure an
agreement among the members of the Central Traffic
Association to maintain rates on the basis of the exist
ing cuts until the 1st of January, and then to restore
them to the old basis. A joint meeting of the mem
bers of the Central Traffic Association and the Trunk
Line Association has been called for next week with
the view to perfecting arrangements to carry out the
agreement. Regarding trans-Continental rates, which
have been so long inadisturbedcondition, the Northern
Pacific hasannounced thatit will raiseone-way passenger
rates between Puget Sound and St. Paul from $25 to
$60 first class and $40 second class on January
] , and the Great Northern is expected to take the fame
step. A report of the Reading Railroad for the year
ending June 30, 1893, filed with the New York
State Railroad Commission, has been the subject
of considerable discussion because o f the large
amount of
current liabilities
which it shows.
T h e items are lumped in such a way that
it is impossible to tell the exact condition of the com
pany— one entry for $7,844,883 being classed as “ other
sundries ” — but that the company is carrying a very
large floating deb£ has been known a long time, and
in that particular therefore the report does not reveal
anything new. The company’s statement for its own
fiscal year will be due in a few weeks, and then we
ought to be put in possession of accurate information
down to a recent date.
The following gives the week’ s movements of money
to and from the interior by the New Y ork banks.
GOLD
[V o l .
Lvn.
E X P O R T S A N D CU RR EN CY
R ED EM PTIO N .
While we do not consider the current gold exports of
any moment as an influence affecting the standard of
values, they have a deep and general interest in that
they are suggestive and helpful in form ulating a new
currency device. It ha3 been stated in various quarters
that the exports are a “ natural ” movement. So far as
that assertion is intended to indicate that gold goes
out because at the moment it can earn more in Europe
than in the United States, no doubt it is a fact. And
yet the outflow shows a wholly anomalous state of
affairs, and is a matter to be regretted, to be studied,
and to be remedied.
I f we look back of the money market conditions to
the causes which have produced those conditions, it
will be observed at once that the gold movement of to
day cannot be classified as a natural movement. I f it
were natural, the movement would be in conform ity
with the ordinary course of commercial and financial
affairs and wholly unaided and undisturbed by extraneous
agencies and influences. On examination it will be found
to accord with none of these requirements. Thus, for
instance, the customary rates for money are relatively
higher than lower here than in Europe, and the natural
course of capital is towards this country and not away
from it. As we stated a year ago, we have a large cou n
try, much of it unsettled and unimproved, rich beyond
compare in undeveloped resources. W e want railroads
and turnpikes to facilitate the getting of our stuff to
m arket; we want farm tools, cotton presses, granaries
and dw ellings; we need capital for machinery for dig
ging in and opening up the mountains and the valleys so
rich in metals, and to draw out the ores which are
buried there to-day; we need to enlarge and multiply
our manufacturing establishments and industries
everywhere and especially in our newer sections. In
deed, it may almost be said without exaggeration that
within our broad area we have in a state of nature
everything of value which the earth in any part of the
world contains, with capabilities of production just as
w ide; we have, too, the men, the energy and the
ingenuity for the work required, so that the only thing
we need is capital, and capital is all the time seeking
just such fields for employment, and a steady flow into
the United States has become the rule, not the ex
WeekEnding Dec. 15,1893. Receivedby Shippedby Net Interior ception.
N. Y.Banks. N. Y. Banks• Movement.
$6,199,000 $3,415,000 Gain $2,784,000
Of course it is not our purpose to trace or enumerate
9C0.000
Gold..... ...........................................
500,000 Gain. 400,000
the various influences which have contributed in ch eck
Total gold and legal tenders ... $7,099,000 $3,915,000 Gain.$3 184,000
ing this inflow during late years. We only have to do
With the Sub-Treasury operations and gold exports with the outflow in progress since the first of De
the result is as follows.
cember, and that is acknowledged on all sides to have
been due to a difference in the rates of interest between
O
u
t
of
Into
N
et
C
h
a
n
g
e
in
Weekending Dec. 15, 1893.
Banks
Banks. BankHoldings. New Y ork and Europe. Such a flow, we have shown, is
Banks’ interior movement, as above $7,099,000 $3,915,000 Gain. $3,184,000 abnormal and not natural, because not in conform ity to
Sab-Treasury operations...... .......... 11,800,000 14,400,000 Loss 2,600.000
healthy financial surroundings. But that is not the
Total gold and legal tenders...... $18,899,000 $18,315,000 Gain. $584,000
only incongruous condition. W hy is it that interest
The foliowiug table indicates the amount of bullion should be lower in this new country than it is in
in the principal European banks.
Europe ? It is not because rates are now exceptionally
high
in E u rop e; in fact rates there are rather below
December15,1892.
December 14, 1893.
Bankof
than
above
the normal. The Bank of England mini
Gold. Silver. lotal.
Gold. Silver. Total.
mum,
which
was 3 per cent December 1, 1893, was-3 per
£
£
~£
£
£
£
25,851,937
B25 851,937 24,758,14-1
24,758.144 cent at that date a year ago, 4 per cent in 1891, 5 per
France......... 58,441,083 60.8J8.628 119.290,311 08.028,402 51.032.879 119,001,341
Germany — 31,773,760:10.591,250 42,o05,OOO 32,697,750 10.899,250 43.597.000 cent in 1890, 5 per cent in 1889, 5 per cent in 1888,
Aust.-Hung’y 10.192.000 16,< 95,000 20.287,000 10,577,u00 10 838.00c 27,415,00*
The official rate in London is probably a
Netherlands.. 3 492,000 0.931,000 10.423J 00 3,169 00' 7 049.00* 10.218 O' 0 and so on.
Nat.Belginm. 2,790.607 1,396,333 4,180.000 3,104,000 1,552,000 4.050, 00 fair index of the money markets of Europe.
There is
Spain............. 7,918.000 6,800,000 14,718,000 7,011,000 5,1* 4,00< 12,715,CO(
consequently nothing to account for the differ
Tot. this week 150,460.087 92.001.211 248,121,2*8 149.945,350 02.475 1*9 242 420 485
T ot. prer. w’k 148,741.126 02.154.512 240 895.038 149.701.45o 92 525.747 2*2.227.197 ence in the money markets between New Y ork and
Dkcember 16, 1893.1
THE CHR0N1CLTL
London or Berlin except that the rates in New Y ork
are astonishingly low— merely nominal. Some bank
managers in this city aay the return is so small on loans
made on call and short time that they will not take the
risk of putting out money for the promised pay; in
deed, the past week there have been millions offered on
call at one per cent without takers.
But very likely it will be said that rates are low here
because trade is stagnant, and that money collects in
New York banks because it has nothing to do elsewhere.
dSTo doubt that statement is correct; and the presump
tion is also authorized that with enterprise active the
present congested condition would not exist. Such facts
do not, however, show that the condition is natural;
they only suggest the disturbing cause. They pro
claim that all our currency systems are wholly un
responsive to commerce. The disorganizing force is
found in the circumstance that just as large a quantity
o f these exchange instruments or paper notes is out
standing when business is stagnant, and the volume of
exchanges is reduced 25 to 40 per cent below the ordin
ary, as when our industries are iu the enjoyment of the
extreme of activity. We have no more at the one
period than at the other. Consequently there is always
a dearth of cnrrencv when business is brisk, and a great
plethora at the leading business centers when business
is dull— a state which also at times becomes observable
and often troublesome with the fluctuations in activity
on the recurrence of the different business seasons of
each year. How evident it is then that commerce is
suffering from the evils of an inelastic currency, that is
from an irredeemable currency. Every description of
paper money outstanding possesses this defect. No
one will, we think, question our assertion except
it may be in its application to national bank
notes. The so-called greenbacks, legal-tender-treasury
notes and silver certificates can be exchanged at the
sub-treasuries, but that operation does not diminish
the amount outstanding, for when so exchanged they
pass at once into the Treasury cash and are paid out
the next day. In the years gone by, when the Govern
ment surplus wa3 large, the Treasury officials often
introduced a species o f elasticity by accumulating cur
rency in the spring and summer and letting it out in
the fall. Bat that was an artificial affair, patting the
money market within the control o f one man ; whereas
the working of every good paper money system would
be automatic.
National hank notes are possessed of much the
same character and exercise much the same iuflu
ence as the legal-tender notes and silver certificates.
The conditions in this particular are especially note
worthy becaase they need to be understood and avoided
in the bank-note system of the future. What is to be
sought in a new device, if it is to be free from all dis
turbing influence ? The purpose must be to create an
instrument the automatic movement of which when out
of work is back to the issuer and not away from the
issuer. Every addition to its powers by statute inter
feres with this free action. To give the note the fall
legal-tender function would of course put it outside of
eommereial influences ; to give it a semi legal-tender
character tends in the same direction. Of this latter
cla«3 is the national bank currency.
The statute
makes the note a good tender (1) to the United States
for all taxes and debts due to the United States except
customs duties, (2) to all persons for any debt due
by the United States except interest on the public
debt and in redemption of
the national bank
1015
currency, and (3) to any national bank for any debt
due it by any one. These are the' legal-tender quali
ties the national bank notes possess. The redemptive
features also tend to take the note to New York and
Washington rather than to the issuer, for as soon as
presented to the Treasurer in sums of one thousand
dollars that officer is required to redeem them in
United States notes. T o be sure when the redemptions
for any single bank reach five hundred dollars that
bank has to reimburse the Treasury, but immediately
thereafter the notes are reissued by the bank and are
not likely to be seen again (according to the rate o f re
demption in 1892 when it was $49,777,063) in about
three and a-half years.
Note now how these inelastic systems of currency
affect individuals and commerce. What and how great
harm are the present paper money instruments causing?
First, as we have already found, the notes when out of
work collect and derange the money market at the
greater trade centres— that is to say they put the mar
ket out of conform ity with and prevent its being re
sponsive to the ordinary influences. A usual peculiar
ity of this state of affairs is not a growth o f confidence,
but a condition in which short rates and loans on prime
collateral are mainly depressed ; for impecunious bor
rowers, or for those needing money in other than the
larger trade ceutres— for such classes to obtain accom
modation at such a time is perhaps more difficult than
ever. If then cheap money is what the country is in
pursuit of, it appears that no one gets it through such
a situation except the rich.
It is well enough to remember, too, that this plethora
of money at New Y ork, Boston, Chicago, &c., is at
the expense of and means a dearth in the country dis
tricts. Currency, which under a proper system should
go home to roost, under existing systems nestles down
in luxuriant quarters iu the towns of the first class.
Such an arrangement evidently answers to none of the
purposes for which those who clamor for large per cap
ita note issues seek.
The present kinds of paper
money might have their quantity increased many times
and yet the country districts be still just as hare
of currency as without them.
We all remem
ber the plaint of Representative Simpson, of Kansas,
against the 1890 silver law. That law had been in
operation more than a year, and yet he said,
"litt le enough of the notes ever gets in petty sums for
"circu lation among the masses of the people. Out our
“ way, for instance, I don't believe one of those silver
"n o te s of small denomination was ever seen.” Mr.
Simpson had not learned then that currency manufac
tured iu Washington, issued in Washington aad re
deemed in Washington cannot be made to lodge iu
Kaosas long. Kansas is not its habitat.
But we have seen that these accumulations at New
York reduced the rates for money to a nominal figure,
and that low interest leads to gold exports, because
money can at such a time obtain better remuneration
in Europe than here. That movement would prove a
curative process under any scientific monetary system ;
that is to say, an outflow of gold because of cheaper
money here than in Europe would lessen the stock of
loanable funds here, and that loss would restore the
money market to a normal condition and so stop gold
shipments. Nothing of that kind can be expected with
present surroundings. Even should the drain of that
metal go so far as to make money harden, it would be
but temporary, for two or three weeks would bring in
enough more currency to restore the plethora, the
1 0 16
THE
CHRONICLE.
arrivals from the iaterior having lessened recently
only because rates of money in New Y ork had fallen
bo low.
The hope of a check to gold exports
consequently can rest on no other surmise than
either a continued depression of trade until our foreign
merchandise balance becomes so large as to force a
change in sterling rates, or the probability of more
active business or an increase in speculative trans
actions with the efEect of absorbing the idle funds.
Of course under some circumstances the gold export
movement might be carried so far as to excite distrust,
of which we had a severe experience the past sum
mer. A return of that situation is, however, impos
sible now. W e only refer to it as one of the contin
gencies attendant upon a currency system which in
duces gold exports and robs the movement of its re
storative power.
W e have not the space to recall other disorganizing
influences, and it is hardly needful, for they will sug
gest themselves to the reader. One, however, we must
not omit. W e refer to the mischief which this un
natural congestion of the currency works in cultivating
speculation. We shall not enlarge upon that feature,
for we have remarked upon it so many times before
W e will add, however, that this speculative action is
harmful not only because it encourages the least de
sirable ventures, but because such investments tie up
the currency against the time it is needed in the in
terior of the country again. The form of paper
money the West and South require to meet the de
mands of commerce in those sections is a cu r
rency adapted to recurring seasons of activity and
capable of great expansion and corresponding contrac
tion.
M ETHODS A N D P R A C T IC E S O F R A IL R O A D
R E C E IV E R S H IP S .
Railroad receiverships have been rather prominent
the present year, and have also been the subject of a great
deal of criticism. In some cases the criticism relates to
the methods adopted in seeking the appointment of
receivers, in others to the action of the courts in select
ing the receivers, and in still others to the practices of
the receivers and the courts in their administration of
the embarrassed properties. Important departures it
is claimed have occurred in these particulars in recent
periods, and the changes hardly all merit general appro
val. Scarcely a week elapses but we receive a communi
cation of some kind bearing upon the subject,a fact which
attests the great interest that exists in the matter.
N o doubt some of the recent incidents connected
with corporate receiverships have been such as to give
ground for calling in question the system which
has grown up in this matter of receiverships.
For
instance, it is not a pleasing nor a seemly spectacle
to find opposing parties in an embarrassed company
engage in a sort of race to see which can get to the
court first with an application for a receivership in
order to have the naming of the receivers and thus se
cure the management of the property. Y et instances
of this kind are by no means unknown. Nor is it pos
sible to view with unconcern the fact that in a case
last spring— we mean the case of the N orfolk & West
ern— it actually happened that a perfectly solvent com
pany was placed in the hands of receivers on an ex
parte application without notice to the company’s offi
cials. Tne Evansville & Terre Haute case also had in
t elements of an objectionable character, tending to
[VOL. LV11.
disturb confidence in the general system of receiver
ships. These instances, however, are all rare and ex
ceptional. Perhaps the fact of most general complaint,
and which has been the subject of greatest criticism,
is the action of the courts in appointing as receivers the
officials of the company itself, and frequently upon
iheir own application. It is argued that a management
which has brought a property to the point of insolvency
should not be perpetuated in control through a receiv
ership.
But admitting that there has been some basis for
complaint and dissatisfaction, the question arises, is
not the old management very often better fitted
than a new one for the position, and furthermore
have those who feel themselves aggrieved no means
of redress, and is there no security or protection
against the infliction of wrong or injury upon the in
terests which appear to be placed in jeopardy ? The
powers of a court are limited by law. Of course the
discretion which a court has, may b e used wisely or
the reverse.
But even there its scope of action
is often circumscribed.
N o doubt it would best suit
the court, where application i3 made for a receiver,
to defer action upon it in order that all parties plight
have proper notice and be heard.
But unfortunately
such a course is not always possible. A receivership i f
not an actual confession of insolvency is at least a con
fession of inability to carry a debt, (only temporarily it
may be) or inability to meet some of the current obliga
tions. The primary object of the receivership is to
avoid a dismemberment of the property and a waste and
dissipation of the assets, such as would ensue if creditors
should take judgm ent and make levies in execution
of the judgment.
This object would in most in
stances be defeated by giving notice of an intention
to have receivers appointed.
W hile the court ivas
considering the matter, creditors having been apprised
of what was com ing would secure judgn en ts and
make seizures. From the very nature of the case
immediate action is necessary to forestall possible
hurtful moves by creditors, and even absolute secrecy
may be necessary to this end. A court therefore in a
consideration of an application for a receiver, in cases
like these, is limited to the papers before it. Conse
quently if no good reason appears on the face of the
motion why a contrary course should be pursued, the
court will appoint the receivers nam ed-in the bill and
asked for by the applicants.
As to whether the managers of a concern should
be appointed receivers and thus be retained in
the management, that opens up a very broad question.
Where the management is not responsible for the con
dition of the company— that is where the embarrass
ment has arisen through circumstances beyond the
control of the managers— there would appear to be no
objection to their officiating as receivers. They carry
a commission from the stockholders, and being thor
oughly familiar with the property and knowing all its
peculiarities and requirements, they are especially quali
fied for the task of administering it while it remains
under judicial care— always acting under instruc ions
from the court. On the other hand, where the mana
gers have been faithless to their trust, and the property
has beeu abused and mismanaged, the officials are
clearly not fit to act as agents of the court and should
be rigidly debarred from holding any position of re
sponsibility in the receivership.
One point made in tho criticisms upon receivers and
receiverships is that the courts go to much greater
D ecember 16, 1893.]
THE
C H R O N IC L E .
lengths than formerly both in the grounds upon which
receiverships are allowed and in the management of
receivership estates. This phase of the question was
tersely presented in an interview with President Charles
E . Whitehead, of the New Y ork Pennsylvania & Ohio
Railroad, given in the Cleveland Leader some time
ago. Says Mr. Whitehead: " One of the most curious
and fundamental changes of law is being enacted in the
United States by judicial decisions in the management
of corporations. Formerly the custody of a corporation
could only be assumed by a court in a suit brought to
enforce an unpaid judgm ent or an overdue lien. Such
custody wa3 only temporary, while the foreclosure or
collection wa3 progressing, and existed only interme
diately between the filing of the bill and the sale of the
property. The idea of a suit for the purpose of run
ning the business of the corporation was not entertained,
and was constantly disavowed. The receivership was
the custody of the court while seeking to sell property
in order to pay a lien, and the courts constantly insisted
tipoa the expeditions progress of the suit in order to
relieve the court from the burdensome and unaccus
tomed oversight of the business. Latterly, however, a
class of suits has been instituted for no purpose of
foreclosure or enforcement of payment of debt, but
simply to avoid the payment of debts by placing
corporation property in the hands of the court, where
it could not ba reached by creditors. The manager of
an active corporation, having a large business and
many obligations which it is unable to meet, £Lie3 into
the arm3 of the court and ask3 its protection against
its creditors. Then follows the appointment of one
•of its directors as a receiver, and the direction of the
court that the receiver shall go on with the business
as before, and pay its creditors according to the discre
tion of the receiver.” Mr. W hitehoid then refers to
the case of the Y ew Y ork Pennsylvania & Ohio in its
relations with the Erie, which wa3 the occasion for his
criticisms. The Pennsylvania & Ohio is leased to the
Erie for a percentage of its gro33 earnings, but the
Erie receivers have refused to pay over more than the
actual net earnings of the leased road, and the court
declined to compel them to pay more. This Mr. Whitehead calls one of the novel exercises of discretion, and
he concludes with the remark that rtthu3 the corpora
tion obtained the advantage of being practically re
leased from one of its debts, and the leased road suf
fered a diminution of its rental and a breach of its
contract.”
We may agree altogether with Mr. Whitehead in his
facts without being obliged to accept his conclusions.
That there has been a change in the judicial practice
regarding receiverships admits of no question. But is it
not a change which has grown out of the necessities of the
situation ? When the railroad systems were small, and
when there were but few liens and no extensive body of
branches or leased or auxiliary lines, no great harm could
result from waiting till actual default had occurred before
seeking judicial protection.
But to-day, when the
systems embrace thousands of miles of road, with scores
of mortgage liens, and large numbers o f branches and
leases, the old practice could not he adhered to without
the risk of great injury, and the same circumstance
prevents expedition in taking the concerns out of the
hands of the courts. Embarrassment being threatened,
immediate
action
is
necessary,
and generally
every interest is advantaged by such a course. Take
even the case of the Erie and the Pennsylvania & Ohio.
Suppose the Erie managers had deferred action until
l
*1017
the creditors had seized rolling stock and supplies, thus
destroying the lessee company’ s capacity for business——
would that have benefited the leased line, or increased
the likelihood of its getting its rental ?
•There is also another interest to consider besides that
of the creditors and security owners of the road, and
this is the interest of the general public.
The public
welfare demands that the roads shall be kept in oper
ation, and it so happens that such a course promotes
the welfare of the property itself. Nor do we think
that the fact that the receivers have refused to pay the
old rental of the Pennsylvania & Ohio gives ju st
ground for complaint. The court aims to hold the
property together as nearly as can be, while endeavor
ing not to discriminate for or against any interest ex
cept where necessary to carry out the main purpose.
Iu other words, the endeavor is to maintain the prop
erty as a going concern, to keep all the different
interests intact without disturbing their liens or equi
ties. As far as the Pennsylvania & Ohio is concerned,
it has long been known that the lease was burdensome.
If the rental were paid, the effect would be (the rental
not having been earned by the leased property) to im
pose a burden upon some one or all of the other interests,
and this would not accord with the general view of courts
regarding receiverships, which is, as we have seen,to give
to each interest, pending reorganization, what it appears
to be entitled to on its merits and equities. O f course
a leased road might be so valuable to the general sys
tem that it would be good policy to pay the rental
even when it was not earned. But that is not the view
taken of the Penusylvauia & Ohio lease. The Judge
laid down the broad lines of policy which must govern
in such cases when he said, regarding the application
of the Pennsylvania & Ohio, that “ the lessor com
pany’s interest is not and should not he a controlling
factor in reaching a conclusion; and if the complain
ants’ interests demand that they (the receivers) shall
adopt the lease, and the general interests of those in
terested as creditors demand that it shall not he adopted,
then the latter and wider interest should control.”
But the most prevalent error is the assumption that
courts or receivers can do anything to affect the valid
ity or standing of a contract or obligation. Courts in
their actions must keep strictly within the law .
The fact that a court in its control of an
embarrassed corporation has refused to adopt a cer
tain contract doe.? not nullify such contract. I f it had
any merit or value before, that merit or value remains.
To refer again to the Pennsylvania & Ohio case, the
Judge iu that ruliug expressly declared that “ as a mat
ter of law the receivers could not abrogate the lease,
which was valid and binding between the Ohio cor
poration and its lessee, the New Y ork corporation.
The lease must stand between the lessor and lessee
until abrogated by a resort to some one of the condi
tions contained therein.” If, therefore, the Erie cornea
out of Its present troubles a solvent corporation— that is,
if there is no foreclosure— the lease will remain in fu ll
force and effect against it. I f on the other hand the
Erie is found to be insolvent, then the leased road can.
get no more than its property in any event. In neither
contingency is It ultimately injured by the act of the
court or the act of the court’s agents, the receivers.
And this illustration is of general application. A solvent
corporation can not escape the payment of its just obli
gations, and no court, no matter how broad the exercise
of its powers, can release such corporation from any o£
its debts.
THE
11018
CHRONICLE.
Every item of the provisions movement here records
a loss for the month. It is the decrease in the receipts
of live hogs, however, that is particularly striking,
the deliveries for November, 1893, having reached
only 557,397 head as against 646,313 head in 1892, and
no less than 1,008,865 head in 1891. Taking the ag
gregate of all kinds of live stock, the deliveries were
23,833 car-loads the present year, against 26,381 car
loads last year.
In wheat the falling off was most noteworthy at
the spring-wheat points, of which Chicago is one,
though St. Louis, which receives only winter wheat,
also has quite a large decrease. As will be seen, the
falling off at Chicago (winter and spring wheat com
bined) for the even month was considerably over
two million bushels. But at Minneapolis the decrease
was just as pronounced, the receipts for the five
weeks ending December 2 this year having been only
8,640,680 bushels against 11,283,600 bushels in the
corresponding five weeks last year. A t Duluth, an
other spring-wheat point, the receipts for the five
weeks were 7,567,250 bushels against 8,583,471 bushels.
At all the principal Western primary points combined
the receipts in the five weeks this year were only 25
million bushels against 3 2 f million bushels, showing a
loss in that cereal of 7 f million bushels. In corn,
however, there was an increase of
m illion
bushels, and there was also some gain in two of the
other cereals. Still, altogether the grain recepts in
1893 were but 57,134,762 bushels, against 58,940,989
bushels in the five weeks of 1892, indicating a loss of
I f million bushels— equal roughly to 50,000 tons of
freight.
N O V E M B E R GROSS E A R N IN G S .
November was the month immediately following the
W orld’ s Fair, when railroad earnings were expected to
fall off in a very striking manner as the result of the
absence of this stimulating agency, which for so many
months had served as a partial counterpoise to the loss
in the freight traffic of the roads. The result proves
to be a great deal better than was supposed possible at
the opening of the month. Our statement published
to-day in this article records a decrease of $3,321,411,
or 6 65 per cent. In October, when passenger travel to
the Fair reached such extraordinary dimensions, the
decrease was $1,245,892, or 2 ‘38 per cent. That the
decrease in November should have been comparatively
so little greater, is an encouraging and a noteworthy
fact.
N ot only is the comparison with the month preced
ing satisfactory, but when one considers all the cir
cumstances a decrease of less than 7 per cent from the
earnings of last year is in itself very remarkable. For
this small decrease has occurred in the face (1) of gen
eral business depression all over the United States, (2)
a most striking contraction in the iron industry,
involving a great diminution in the shipments of ore,
coal and coke, (3) a heavy falling off in the ship
ments of wheat, offset only in part by a gain in corn
and some of the other cereals, (4) a falling off in the re
ceipts of hogs and live stock in the West, besides which
(5) comparison is with a period last year when earniEgs were swelled by the work connected with the prep
arations for the Fair, and (6) when the importations
of corn into Mexico were on a very large scale— a stim
ulus which is lacking the present year, owiDg to better
crops in Mexico. It happens that the cotton move
ment this year was of somewhat larger volume,
Sind it would also seem that though the Fair was past
in November, its effects on a few of the lines
extended into November, and left passenger travel
a little larger than usual.
Noveml'Cr..
1889 (152
1890 (153
1891 (142
1892(133
893 (130
roads).........
roads).........
roads)—
r o a d s)....
roads).......... |
Year
Given.
Year
Precedin')
Y*-ar
Given.
Miles.
Miles.
80,697
89,313
95,953
92,388
98,870
78,993
86,945
94,544
90,858
95,856
*
37,981,605
42,475,264
49,487,624
47,225,425
40,610,334
79,467
87,188
96,871
89,505
94.887
77,831
84,820
94,462
38,) 15
91:823
367,903,637
425,102,868
486,913,273
469,924,912
479.912.167
Y^ar
Preceding
F lo u r ,
(b b ls .)
O hico.cn —
5 wks. N o v ., 1893
5 wks. N ov., 1892
Since Jan. 1 , 18d3
Since Jan. 1 ,1 8 9 2
Milwaukee—
5 wks. N o v ., 1893
5 wks. N o v ., 1892
or Decrease.
$
33.906,762 In c.
40,595,113 In c .
45,226,208 In c .
45.981,406 In c .
49,931,745 D e c .
, 1892
, 1893
t
T o le d o —
') wks. N o v .. 1893
4,074,843
1,880,181
* ,2 0 i,* i6
1.244,019
3,321,411
D e tr o it-
■
337,312,755 Inc .30,500,882
890,247,948 I n c .3*,854,920
457,743,071 Inc 29,165,202
444,672,860 Inc .25,252,052
486,445,527 Dec. 6,633,360
RECEIPTS AT CHICAGO DURING NOVEMBER AND SINCE JA N U A R Y 1 .
1893.
W h eat.b u sh .
C orn ...bu sh
O a t s ., b ush .
B y e ., .b u sh .
Barley.bush.
1892.
3,144,545
"7,782.415
0,023,778
207,980
2,158,674
5,517,360
4.891,503
5,595,335
503,173
2,709,790
Since Janu ary 1.
19,267,392
416,987
290
6,573,707
2,3.*7.7J0
•
557.397
19,217,167
535,703
540
10,058,699
8,833,941
046 313
1893.
1891.
5,761,243 33,093,939 45,936,977
3,929,788 81,775,985 74,157,030
6,007,899 76,331,2(38 73,434,038
3,499,618
1.585,492
844,222
2,181,090 11,645,817 14,758,915
39,017,994
1891.
flour
and
g r a in
for
f iv e
w eeks
e n d in g
DECEMBER 2 AND SINCE J A N U A R Y 1 .
A t Chicago the gr^in movement in the aggregate
was just about equal to that of a year ago, a very co n
siderable loss in wheat, barley and rye being offset by
just as considerable a gain in corn and oats. But Chi
cago lost heavily on the movement; of provisions and
live stock. The figures are shown in the following.
November.
op
j
Jan. 1 to Nov. 30.
1889 (142 roads)........
1890 (143 roads)........
1891 (141 roads).......
1892 (127 roads).........
1893 (124 roads).......
r e c e ip t s
Earnings.
Mileage.
[VOL. L/Vll.
04,471,948
67,124,724
8,498,362
10,552,016
19,324,242 204,435,501 211,767,50S 179,065,974
5,213,328
3,841,106
4,259,147
559,955
10,578
12,450
5,507
2.8S8
166,997,619
182,584,630
15.177,485 105,409,016
5,847.916 42,887,011 62.106,730 00,889,419
7.049,796] 7,532,543
5.431,244
1.008.865
6
Peoria—
Minneaoolis—
5 wks. N o v ., 1893
5 wks. N ov., 1892
3lnce Jan. 1 ,1 893
Since Jan. I , JS92
T o ta l o f a l l -
(bush.)
O a ts ,
( b u s h .)
B a r le y ,
(bush.)
R ye,
(b u s h .)
8,959.336 7,061,720 2.531,343
5,048,133 6,429,991 3.082,973
82,35?,S02 76,794,333 L1,790,389
74,354,8"'' 74,125,624 14,637,785
242,715
648,030
1,492,682
3,971,362
848,000 3,030.460
830,000 2,229,500
7,448,444 10,507.1:8
5,896,583 9,069,148
129,000
199,000
1,130,810
1,437,244
812,220
2,306,885
809,920
1,733.020
29.290,255 9,i >62,176
27,033,77 ■ 9,2*5,296
602,509
574.000
1,716.246
2,313,057
49,198
233.018
530,039
1,040,230
707.500
250,100
6,368.658
6,213,042
24,400
10,79b
381,310
268,398
10,600
5,400
34,400
31,600
40,400
244.500
497,229
887,539
8 0 2 ,5 "
7,921,227
7,539,300
148,065
180,102
1,761,856
1,115,50"
193.595
192,202
2,131,904
l,852,90u
90,213
241,304
464,905
930,255
32.500
33,250
262,674
329,080
155,000
116,049
1,630,135
1,833,706
90,000
284,701
2.203,017
2,281,188
34,500
09,022
383,126
363,514
30,300
16.500
292,250
176,025
64,200
78.000
1,053.050
1,373,750
1,420,000
1,400,000
17,985,900
13,078,750
316.700
233,050
1,179,300
1,212,500
569,419
427.510
4.544,355
4,001,316
7,567,250
8,583,471
31,011,624
40,117,270
3,516.864
6,286,935
33,239,4 57
46,567,916
372,379
284,124
1,681,015
2,517,118
1.633.200
1,848.740
11,791,319
13,829,593
100,532
112,580
1,084,070
1,300,304
1,262.867
2,397,619
13,119,173
26,600,160
11,062
7,471
98.496
77,990
1,356.900
1,261,600
10,822,770
21,590,658
14,793
17,584
150,367
161,534
D u lu th .—
5 w ks. N ov.. 1893
5 wks. N o v ., 1892
Since Jan. 1 ,1 8 9 3
Since Jan. 1 ,1 8 9 2
C om ,
(bush.)
461,836
<.8,681
4.304,221
5,255,420
O le v e l o n d —
5 wks, N o v .. 1893
5 wks. N o v ., 1892
Since Jan. 1,1 393
Since Jan. 1,1 892
W h ea t,
317,200
84,080
1.201,800
1,227,050
548,097
210,000
115,380
10,000
97,323
31,399
10,800
45,000
105.900
247,652
119,892
1,605
119,892
1-605
6,75,5,617
6,440,441
26,225,786
28,610.659
474.918
1,071,448
3.609.459
7.231,096
8,640,680
11.283.200
53,099,135
65,283,047
5 wks. N o v .. 1893 1,590,421 25,083,500
5 wks. N ov., 1892 1,633,000 32,058.1*1
Since Jan. 1 ,1 8 9 3 12,420,448 164,017,890
Since Jan. 1. 1892 13,881,793
..............
10,509,941
9,971,567
116097141
106798777
1
In addition to th e ab ove there w as received a t Kansas C ity during th e five
weeks th is year 1,392,350 bushels o f w heat, 100,969 bushels o f corn an d 36 ,71*
bushels o f oats. Since January 1 th e reoeipts h a v e b een 10,*21,813 b u sh els o f
w heat,1,977.931 b ush els o f corn an d 192.180 bushels o f oats.
In the cotton movement, after the heavy contraction
last year there has been this year a decided recovery,
though the aggregate still falls much below that of two
years ago.
A t the Southern ports the receipts foot up
1,224,328 bales, against 1,082,259 bales in 1892 and 1,-
THE
D ecember 16.1893.]
1019
C H R O N IC L E .
323.055 bales iu November, 1891. Notwithstanding
the increase in the aggregate, Galveston and a few other
points show diminished receipts as compared with last
year, indicating an irregular movement, and it is well
to state, too, that the overland movement was but
little larger than last year, the gross shipments haviug
been 388,369 bales, against SIS,751 bales in 1892 and
394,706 bales in 1891.
wscmwm or com pos a t southern forts i n hgybsjbbr and from
J an u a r y l to s o r t M B e t t 3 0 , in
Nmember.
mm. \ 1892.
4laiwmtxm.........„. boles,
m pm o , jpe............... ..
New Orleans................
Mobile.........
.........
..... .
SmfmmmM',.,........ .
Brunswick, 4 c ...........
(Mmlmt-oa...,, ....... ...
Port Royal. Me..........
Wthniogten. ...................
Washington, 4 c „ , ......
Norfolk..,. . . . . . . . . . . __
Wsat Point, JMu........
2ayjai| 241,197
9,477
7,-WHj
385.017j 808.730
$0,893
39*233!
9,138
5,245
19*5,350: 174,15$|
$7,497
m,*zmj 72,319
211
46,993] mm
m
32®
123*158! 75.767
6S.3SS
rieiu
PRINCIPAL. CHANGES IN G R O S S EARNIKGS IN N O V E M B E R .
Increases.
- D ecreases.
Mo. Kan. ifcTex.............. $ 1 3 4 ,9 1 4 Int. & G-t. Northern___
$71,732
Illinois Central...............
1 2 1 ,i6 3 St. Paul & D u lu th........
66,272
72.8 00 Richmond & D an ville..
63,724
St. Louis Sontttwest’n .,
Gratni Trunk of C a n ...
5 2 ,3 7 1 Kan. City Ft. S. & Mem.
57,214
Texas A Faeifle.......... .
51,9 97 Ohio. Great W estern ...
56,351
39.1 09 Gr’d K m & Ink. ( i this)
N. Y. Oat, & Western 55,988
M obile & Ohio...............
3 0 ,1 8 9 W abash...........................
51,297
Milm & St. Louis..........
50,837
Canadian P a cific.........
45,157
Total representing (7
r o a d s)....................... $502,843 Bio Grande Southern..
45,040
Flint & Fere Muni........
44,780
D ecreases.
Northern Pacific............ $ 6 5 7 ,2 0 4 Ohio. Rook Xal. & P a e ...
44,693
3 1 2 ,6 2 2 Nashv. Chart. & St, t Missouri Pacific _____
43,008
Chic. MM ft st, P au l...
L - Brie <Ss W estern...
42,006
3 3 1 ,5 2 7
2 2 4 ,8 2 9 Toledo & Ohio Cent___
Louisville & Nashville.
41,102
1 3 3 3 , 1 8 9 2 a n d 1 83 1 .
36,644
2 0 5 ,5 7 8 Chic, & West Mien.........
Denver & Rio Grande..
1 9 5 ,2 0 0 Col. Hock. Val. & Tol._
341993
Sine# January
1 6 8 ,0 7 9 Tol. St. It. & Kan. City.
N. Y. Co nr, & H. II. KK.
32,511
1 5 8 ,3 7 1 Minn. St. P. & S. S. M „
M exican N a tio n a l.......
30,384
1891.
1803*
1892.
1891.
1 3 3 .2 1 3
Clev. Pm. Chic. X- S t L.
1 3 0 ,2 5 3
Total (representing36
242,908 818,324 938,655 952,706 G t. North. Sy.it (3 r’fis).
roa d s)....................... $3,533,906
7 2 ,9 4 7 !
5,000 40,752
51,488 27.016 Chesapeake Jc Ohio.......
471.254 1,473,394 1.600.681! 1,900.954
The large gains, it will be observed, are neither so
44,808 142.260 169,027 241,484
7,727
17,020 18.922 32.217 numerous nor so conspicuous as in some of the months
181,492 744,537 754,537 980,533
35,936 54,271 136.024 143,801 preceding, which is of course owing to the fact that
98,SSI 261,168 293.980 486.018 the World's Fair passenger traffic has come to an end.
$99
3,386
5,SIS
30,«a
41,693 135.181 137,971 152.270 Still there are a few noteworthy gains, among them
1,876 the Illinois Central for
473
7-54
3.007
amount of $121,463, the
117,079 341,140 $05,551 51*2,1-10
70.524 161,888 278,871 368.019 Missouri Kansas & Texas for $134,914, the St. Louis
T ota l....... .......... 1,224^28.11.08^259' UttM t*
|
1,
4 ,2 2 0,8®0'4.691,700
3,804.050
The Northern Pacific again leads all other roads in
the amount of its decrease, reporting a loss of $657,204.
This is not strange considering how intense is the de
pression in the North Pacific Coast section— evidently
more intense than anywhere else in the country. Some
idea of the magnitude and intensity of the depression is
gained from an examination of our reports of bank
clearings for that part of the United States. Thus at
Portland the clearings during November fell off 48 per
per cent,
at Salt Lake City 54'C per cent,
at
Tacoma
46‘ 7 per
cent,
at Seattle 53‘ 9
and at Great Falls, Montana, 63*3 per cout. The
effects of these conditions are also seen in the case of
the earnings of the Great Northern or Manitoba system,
where the total falls $130,253 behind that of last year,
notwithstanding the operation of the Pacific Exten
sion. The Canadian Pacific this time likewise has a de
crease, though comparatively email in amount. The
Rio Grande Western, on the other hand, is one of the
few roads which are able to snow somewhat better
earnings than last year.
Aifli. T. At 8. Fe (I r’ds)
Southwestern for $72,800, the Grand Trunk of Can
ada for $52,371, and the Texas & Pasific for $51,997.
On the whole, Southern and Southwestern roads have
done better than any others, and no doubt this is
iu .part due to the larger cotton movement. Cer
tainly most of the roads which are able to show
improvement, either large or small, come from that
section. Out of the 130 roads in all the sections which
have furnished returns, only 43 report an increase, and
of these 25 come from the South and Southwest'—•
14 from the former and 11 from the latter. The large _
systems in the South like the Louisville & Nashville
are still falling behind, though in smaller amounts than
heretofore ; still the list of gains includes the Mobile &
Ohio, the Georgia, the Georgia Pacific and the Mem
phis & Charleston.
BABNISGS OF SOUTHERN GROUP.
S'syrrmher.
1893,
1892.
1801.
1800,
18S9.
1888,
$
*
$
*
*
410,000
831,305 80.3,764 +080,340 509,081
Chesapeake &Ohk
517,600
058,070
024,189
615,158
560,638
E. Teimt.Va.it tta..
97,270
Ol07,450 126,455 118,759 128,042
Kan.' ■•Mom.& Sir
1,821,013 1,075,700 1,595,416 1,341,787
1,950,609
Lootav. * Nashv..
135,009 161,553 107,609 1135,176 146,223
Memphis & Char. .
EARNING* OF PACIFIC ROADS.
302,587 327,588 343,052 289.079 277,445
Mobile Sc Ohio......
440,702 § 328,827 § 292,989 I 261,571
433,045
NMh.Chatt.iSLL.
1800.
1889.
m s.
£$*yr*;mhrr.
IS03.
MM. ( ISM.
771,10s 071,198 547,030
$ 800,769 838,961
Norfolk * West’ll.
960.5501 1,219,020 1,211,020 1,138,473
f
*
%
i
t
f
969,779
Blch.*Danv. Sys..
197,440 f
Canadian Pacific.. 2,043.000! 2.CS84S71 2.031,080 1,734,400 1,384.00*) 1,328,904
Georgia PaCiiie .
129,837
139,292
142,115
138,405
2,228,731 1,898.813 South Carolina,,.
132.672
ijM jm l
tjm jm
North "a PacWe
137,120 145.840
lPS.SOOj 192.0001 223.210
210326
Rio Grande Wert..
4,729.117
Total............... 6,008.450 6.400,074 0.550,642 6.098,019 5,612,535
Total.............
S.9T3.1G
I S M * 4,544,627 3,947360 3,373,430
a
rigors*
here
far
1833
and
1832
are
simply
the
totals
o
f
the
earnings
for the
1
fcrarwnuitsof th •month as reported In the weakly returns! the month’s earn
But though the roads in the Northern Pacific sec ln>.*s u.o illy exceed the weekly estimates quite considerably.
* Does not include the Elizabethtown Lexington & Bis Sandy road In this and
tion have suffered worst, large losses by leading roads prwseditw years.
: Future, are approximate, same as for this year; actual earnings were larger,
in other sections still continue a feature, the same as in f We,tern & Atlantic not Included In these years.
*
758,358
531,205
a i l l , 90S
1,731,780
146,999
332,770
382,03?
781,95?
590,826
228,110
311,500
the months preceding. Thus the next heaviest loss
In the Southwest large gains are reported by the
after that of the Northern Pacific is that of the Mis
Missouri Kansas & Texas, the St. Louis Southwestern
souri Pacific, a road situated in the Southwest, and
and the Texas & Pacific, these roads having been dis
whose decrease is $342,622. Then comes the St. Paul,
tinguished in the same way in the month preceding.
in the North wear, with a decrease of $331,527, and
EARNINGS OF SOUTHWESTERN GROUP.
then the Louisville & Nashville, a Southern road, with
1888.
1890.
1889.
1892.
189V
1893.
Jfoiyember.
a decrease of $234,829.
N ext in order follow the
~
$
s
*
*
$
*
Atchison, with a decrease of $205,578 ; the Denver & A., T . & S. F . )
3,072,879 2,741,978 2,525,184.
( 3,307,082
3,446.371 3,002,772 l 171,515
128,574
163,414
120,084
Col. Mid. . >
Rio Grande, with $195,200 decrease; the New Y ork
890,880
827,720
787,702
806,5-42
750,365
705,875
813,806
068,860
741,514
Central, with $166,079 decrease ; the Mexican N ation Den.&RioGr. 632,700 827,900
399,114
431,898
490,060
418,3’ 8
al. with 158,371 decrease ; the Cleveland Cincinnati Int. & a t , No. 0370,744
425,180
413,467
403,883
458,135
<2427,938
K.C-P.S.& M-.
828,199
557,173
Chicago & St, Louis, with $135,213 decrease: the Mo. K. & Tex. 1,100,767 986,818 953,400 865,174
Mo.P.&Ir.Mt. 2,224,917 2,607,569 2,479,829 2,252,265
128,132
129,473
Great Northern, with $130,253 decrease ; the Chesa St. Jos.&G-r.L
111,939
72,981
98,891
92.192
470,883
335,868
505,755
428,068
483.132
655,982
peake & Ohio, with $72,947 decrease; the International
705,261
050,287
720,431
760,454
7P4.839
816,888
Texas & Pac.
& Great Northern, with $71,732 decrease, &c., &c. Total.......... 10,410,222 11.005,668 10,755,841 9,983,852
Below we furnish a list of all losses above $30,000, and a Figures here fa r 1893 and 1832 are sim ply the fcota a of the earnings fo r th e
fo u r weeks of the month as reported In th e weekly re tu rn s; the m o n t h s
earnings usually ex ce e d th e w eekly estim ates Quite considerably.
also all gains above that figure.
THE
1020
CH R O N ICLE
Northwestern roads have pretty generally sustained
losses, many for large amounts.
Indeed the Iowa
Central and one other are really the only roads in that
group which have not suffered some decrease.
EARNINGS OF NO RTHW ESTERN LINES.
1892.
1893.
November.
*
405,919
356,367
Bari, Ced.R.&No.
Ohlc. & Gt. W est..
Chic. Mil. & St. P .)
Mtlwaukee&No )
Chic. R. I. & Pac.. 1,539,303
110,711
Duluth S. S. & Atl.
Gr. Northern 3ys.. 1,805,196
109,173
Iowa Central........
155,305
Minn. & St. Louis..
299,854
M. St. P. & S. S. M.
151,387
8t. Paul & Duluth.
Total................
1890.
1891.
1888.
1889.
«
$
$
t
$
318,245
305,853
410,905
396,915
282,040
287,028
372,629
400,102
301,966
412,718
3,340,280 3,214,102 2,650,986 2,737,377 2,615,200
98,123
108,821
124,931
159,324
116,361
1,583,990 1,559,634 1,830,114 1,459,972 1,383,229
110,280
130,524
159,886
142,624
127,646
1,935,449 1,880,495 1,556.842 1,427.047 1.019,980
125,871
178,853
152,852
142,664
109,056
140,800
190,147
155,500
154,762
200,251
200,
137,994
300,371
197,882
330,238
118,487
200,572
142,304
125,7 o
217,659
8,107,352 8,914,530 8,698,595 7,102,171 7,185,648 0,328.316
The trunk lines must be regarded as having done
quite well, especially considering that these roads have
now lost the Fair traffic.
The loss of $166,079 by the
New Y ork Central is not large in view of the very
heavy contraction in receipts reported by the leading
roads in other sections *
in ratio the decrease is
really but little over 4 per cent.
EARNINGS OF TR UNK LINES.
1892.
1893.
November.
1891.
B . & O. S’W
Oh. &Miss.
C.C.C.&StL
G.T.ofCan+
Ch.& G.T.+
D.G.H&MtN.Y.C. & H .
Wabash.. ..
1,100,126
1,729,009
281,072
80,158
3,897,480
1,134,479
«
( 212,243
< 326,004
1,235,339
1,637,628
274,210
90,225
4,003,609
1,135,775
Total........
8,741.960
9,034,093
*
1890.
1889.
1888.
3
223,663
322,211
1,227,963
1,633,689
301,144
90,386
4,040,988
1,203,980
i
191,855
328,605
1,169,883
1,560,035
289,279
86,163
3,399,592
1,076,892
8
203,228
381.838
1,100,878
1,026,037
298,234
81,604
3,435,276
1,140,439
*
156,193
291,588
912,979
1,617,427
260,501
82,4 95
3,285,47S
1,009,043
9,044,024
8,102.304
8,307,591
7.681,759
+ Four weeks.
The roads in the Middle and Middle Western State
outside the trunk lines also make pretty fair exhibits as
a rule, though the losses are quite general, and in the
case of some of the smaller roads are unusually promi
nent and conspicuous.
EARNINGS OF M ID DLE AND M ID DLE W ESTERN ROADS.
November.
1893.
1892.
1891.
1890.
1S89.
1888.
Buff. Roch. & Pitt.
Chicago &East. 111.
Chic. & West Mich.
Col. Hock.V.& Tol
Det. Lansing & No.
Evansv.&Terre H.
Flint & P. Marq....
Gr. Rap.& Ind. Sys.
Illinois Central ..
Lake Erie & West.
Lou.Kvans.& St.L.
Louis. N.A. & Chic.
N. Y. Out. & West.
Pittsb’g & West’n.
Bt. L. A. & T. H ....
Tol. <fc Ohio Cent...
Tol. Peo. & W est..
Tol. St. L. & K. C..
West. N .Y . & Pa..
Wheel. & L. Erie..
$
5
$
*
i
$
283,314
225,982
210,313
176,0331 184,618
282,913
341,543
279,162
236,282
370,900
211,057
249,705
142,985
111,093
a 135,347 ft 171,991
13S.979
115,318
258,339
303,857
244,390
293,332
287,587
253,634
104,214
ft 94,142 ft 104,449
97,904
100,8? 0
93,893
95,082
91,449
99,443
83,362
103,734
07,050
187,324
218,540
215,099
187,430
232,104
193,650
212,654
237,804
268,642
259,252
234,558
232,422
1,830,594 1,709,131 1,743,779 1,616,051 1,551,712 1,330,232
278,491
251,524
293,530
246,641
233,180
185,412
141,290
124,384
109,548
90,112
145,841
88,449
246,322
223,8S7
209,390
231,981
193,339
252,838
318.703
255,195
174,759
129,523
279,594
214,661
183,029
203,940
193,479
200,555
173,998
180,612
116.410
132,545
125,315
103,623
123,578
82,108
150,032
191,134
163,425
159,604
153,738
126.589
70,468
88,300
73,403
82,997
74,090
73,561
152,627
185,138
179,099
90,602
143,592
64,317
283,000
305,200
291,202
295,533
288,934
280,085
114,954
111,909
104,575
94,449
81,707
70,330
Total.................
5,463.153 5,721,862 5,326,237 5,117,274 4,613,571 4,201,053
a Figures here for 1893 and 1833 are simply the totals of the earnings for the
four weeks of the month as reported in the weekly returns; the month’s earnangs usually exceed the weekly estimates quite considerably.
GROSS E A R N IN G S A N D M IL E A G E IN N O V E M B E R .
Gross Earnings.
Name o f Road.
1893.
1892.
$
$
iA tc h .T .& S . Fe Sys... 3,446,871 3 ,602,772
St. L. & S.Fran. Sys..
750,865
806,542
d Balt.&Ohio Soutliw.
518,492
. 538.888
Birm’ ham & Atlantic
1,811
3 ,671
144,199
Brooklyn Elevated..
160,688
283,314
282,913
Buff. Koch. <fc P itts..
Burl. Ced. R. <fc Nor..
416,905
405,919'
Canadian Pacific------ 2,043,000 2 ,088,457
C arolina.W
5,965
5,197
•Thar.'
------------..
15,760
15,277
Total grain 19,287.3 .
13,500
13,000
110.9..
Flour., bbls.
831,305
758,358
341,543
370,900
2J356,367
412,718
3,168,077 3,499,604
Lard...... lbs.
2,337.71
08,467
76,873
Live hru's No
f>r*7.3P7
«*\303 1,5 8 3 ,9 9 6
hicrease or
Decrease.
Mileage.
1893.
$
—155,901 7,481
— 49,677 1,864
— 19,896
917
— 1,860
22
—16,489
20
4-401
333
— 10,9.86 1,134
- 4 5 ,4 5 7 6,181
+768
55
+483
175
4*500
139
—72,947 1,269
— 29,357
480
- 5 6 ,3 5 1
922
—331,527 6 ,0 -6
— 8,40(i
316
— 4 4 ,6 9 # 3 .710
1892.
7,481
1,864
917
22
17
294
1,083
5 ,767
55
175
139
1,269
480
922.
6 ,086
366
3 ,4 5 6
IVOL. LYXI.
Gross Earnings.
Name o f Road.
1893.
Chic. & W est M ich ...
Cin. Georg. A P orts..
Cin. Jack. & Mack___
Cin. N orthw estern...
Ciun.Portsm'th & Va.
Col. & M aysv ille...
Clev. Akron & C o l...
ciev. Cln.Ch.& St. L . .
Col. Hock. Val. & Xol.
Colusa & Lake.............
Current R iver.............
Denv. & Rio Grande..
Des Mo. No. & West..
Det. Lans'g & N orth..
Dul. So. Shore & A t l..
E. Tenn. Va. & G a ...
Elgin Joliet & E a st..
Evansv. & Iudianap.
Evansv. & T. H aute..
Flint & Pere M a rq ...
Fort Worth & R toG ..
Gadsden & A tt. U n ..
Georgia..........................
Ga. South. & Florida.
Gr.Rapids & Indiana.
Cin. Rich. & F t. W ..
Traverse C ity .........
Musk. Gr. R. & Ind
tGr. Trunk of Canada
tCliic. & Gr. Trunk.
tDet. G r.H av.& Mil.
Gt. No.—S. P. M. & M.
Eastern of M in n ...
Montana Central..
Gull & Chicago...........
Hoosao Tun. & Wilm.
Houston E & W .T e x ..
Humeston & Shen . . .
Illinois C e n tra l.........
lud. Dec. & Western.
InternatT & Gt. N o ..
clnteroceanio (Mex.).
Iowa Central...............
Iron Railway...............
Kanawha & M ic h ___
Kan. C. Clin. & S p r ...
Kan. C. Ft. S .& M e m ..
Kan. C. Mem. & B i r ..
Kan.City P itts .* Gull
Kan. City 8ub. B e lt..
Kan. C. Wyan. & N.W
Keokuk & W estern...
Lake Erie All. «feSo. ..
Lake Erie & Western.
Lehigh & Hud. River.
Louisv. Evans. & St.L
Louisv. & N ashville..
Louisv. N. Alh. * Chic.
Louisv. St.L. & Tex.
Macon & Birming’m .
Manistiaue. ................
Meinp. & Charlest’n.
Mexican Central........
Mexican National___
c Mexican R ailw ay...
: Mineral Range.........
Minn. <&St. Louis___
Minn. S t.P .& S .S teM .
Mo. Kans. & T ex.sy s..
Mo. Pac. & Iron M t-.
Mobile & Birin’gham.
Mobile & Ohio.............
Nashv. Oil it. & St. L
N. Orleans & South’n
N.Y.Cen. & Hud. Riv.
N. Y. & Northern.......
N .Y . Out. * W est___
Norfolk i& W estern ...
Northern Pacific^___
Ohio River....................
$
135,347
4,764
51,7 7 6
1,865
21,7 2 6
992
77,4 6 3
1,1 0 0 ,1 2 6
258,339
2 ,550
10,422
632,700
22,179
94,142
116,711
531,205
92.320
26,285
99,443
187 ,3 2 4
45,708
696
155,402
75,287
168,513
32,622
3,496
8,023
2 ,0 88.243
340,381
96,463
1 ,540,156
175,886
89,154
6,330
3,210
55,000
10,1 0 0
1 ,830,594
31,855
418,328
164,222
169,173
4,156
28.954
21,800
370,744
111,908
23,282
18,439
35,462
32,0 5 2
6,572
2 51,524
53,031
124,334
1 ,7 31,780
246.322
32,798
7,051
721
146,999
6 97,830
323 ,3 5 0
2 .'4,852
24,852
155,365
299,854
1 ,100,757
2,2 2 4 ,4 1 7
31,6 1 9
332 .7 7 6
382 ,0 3 7
20,739
3,8 9 7 .4 3 0
4 2 ,3 5 2
318,703
781 ,9 5 7
1 ,734,838
74,888
65,379
65,418
*2,107
44,416
Peo. Dec. & E v a n s v ..
Pitts. Marion & Chic.
Pittsb. Shea. & L. E .
Pittsb. & W estern___
Pittsb. Clev. & Tol. \ 186,029
Pittsb. Pa. & F air..
Quin. Omaha & K. C ..
18,5 9 8
Rich. & D anville........
8 9 8 ,8 2 )
Georgia Pacific___
223,110
Rio Grande South’n.
29,281
Rio Grautle Western.
195,300
Sag. Tuscola <&Huron
9,552
St. Jos. & Gr. Island..
92,192
8t. L. Alt. <fcT. H .........
116,410
8t. L. Kenuett & So.
3,668
8t. Louis Southwes’n.
555,932
St. Paul & Duluth___
151,387
San Fran. & N o. Pac..
66,761
Sav. Amer. & M ont..
37,587
Stlverton.......................
8.00C
South Bound ..............
20,0 0 0
Soutn Carolina...........
11L.500
Texas & Pacific..........
816.836
Tex. Sab. V. & N. W.
7 ,450
Tol. <fe Ohio Central.a
150,032
Tol. Peoria & West’ n.
76,468
Tol. St. L. & K. City
152.627
Wabash.......................... 1,134,479
w. Va. Cent. & Pitts.
98,3 2 4
Western M aryland...
85.204
2 8 3 ,00C
West. N. Y . & Penn.
114,954
Wheel. & Lake E rie ..
1892.
1 71,991
5 ,717
57,0 7 2
1,627
21,809
1,108
84.945
1,235,339
293,332
2,500
16,286
827,900
33,0 0 4
104,449
142,624
560,638
70,909
30,246
103,734
232 ,1 0 4
44,578
1,184
149,767
69,538
210,306
40.6 6 1
3,912
13,760
2 ,0 3 5 ,8 7 2
356,370
113,617
1 ,642,105
181,315
112,029
4 ,9 6 4
2 ,966
5 2 ,3 0 0
15,2 5 9
1,709,131
36.521
490.060
141,552
169,086
3,652
25,057
25,097
4 27,958
107,450
9,742
14,839
29,962
35,892
7 ,526
293 ,5 3 0
42,648
145,841
1,956,609
252,833
53,432
6,176
720
135,009
706 ,5 5 8
481,721
242,576
24,807
206,252
330,236
9 6 5 ,S13
2,56 ,569
29.222
302,587
425 ,0 4 5
19,032
4 ,063,509
45,8 1 0
279 ,5 9 4
806,769
2 ,392,012
78,1 3 2
60,992
66,174
3 ,930
35,825
2 03,940
2 3 .7 3 4
960,551
1 97,440
74,3 2 1
1 9 2 ,00C
11,133
98,891
132,545
2,685
4 83,182
217,659
68,1 5 7
50,5 5 3
12,548
20.50C
122,672
794,839
5,747
191 ,1 3 4
82,997
185,138
1 ,1 85,776
96,106
88,753
305,200
111,909
Mileage.
Increase or
1893.
Decrease.
$
—36,614
481
—9 53
42
- 5 ,2 9 6
345
+238
8
-8 3
106
— 116
19
—7,482
194
—135,213 1 ,850
—34,993
327
+50
22
—5,864
82
—195,200 1,646
— 10,825
150
—10,307
323
—25,913
589
—29,4 3 3 1,265
+ 2 1 ,4 1 1
177
—3,961
156
—4,29 l
165
— 14,780
630
+ 1,130
146
— 483
11
307
+ 5 ,6 3 5
+ 5 ,7 4 9
285
—41.7 9 3
432
—8,012
86
—416
26
—5 ,737
37
+ 5 2 ,3 7 1 3,515
— 15,989
335
— 17,181
189
— 101,949 3,709
— 5,429
72
—22,875
25b
+ 1,366
62
+241
25
+ 2 ,7 0 0
192
—5,159
95
+ 1 2 1 ,4 6 3 2 ,888
— 4,666
152
—71,7 3 2
825
5L9
+ 2 2 ,6 7 0
+87
497
+ 504
20
173
+ 3 ,8 9 7
163
—3,297
671
—57,214
+ 4 ,4 5 8
276
+ 13,540
206
+ 3 ,6 0 0
35
195
+ 5 ,5 0 0
—3 .840
148
—954
61
725
— 42,006
90
+ 10,333
368
— 21,457
—224,829 2,955
— 8,516
537
166
— 20,6 3 4
+875
97
44
+ 11,9 9 0
330
—8,728 1,847
— 158,371 1.219
— 17,724
321
+45
39
—50,887
335
— 30,384 1,175
+ 1 3 4 .9 1 4 1,945
—342,622 5,372
+ 2 ,3 9 7
147
687
+ 3 0 ,1 3 9
885
— 43,003
+ 1 ,7 0 7
65
— 166,079 2 ,334
61
— 3,458
47 j
+ 3 9 ,1 0 9
— 24,812 1,558
—65 7 ,2 0 4 4 ,623
—3 ,244
215
+ 4 ,3 8 7
140
3
40
—756
— 1,323
25
+ 8 ,5 9 1
178
( 214
— 17,911 \
77
l
61
134
—5 ,136
— 63,724 2,598
564
+ 2 5 ,6 7 0
180
—45,040
514
+ 3 ,3 0 0
67
—1,581
- 6 ,6 9 9
445
239
— 16,135
+983
20
+ 7 2 ,8 0 0 1,223
248
— 66,272
—1,396
165
300
— 12,966
20
— 4,548
13(2
— 500
—11,172
270
+ 5 1 ,9 9 7 1,497
+ 1,703
38
—41,102
368
247
—6,529
—32,5 LI
451
—51,297 1,935
155
+ 2 ,2 1 8
221
—3,554
640
—22,200
+ 3 ,0 4 5
255
1892.
481;.
42
345
8
106
19
194
1 ,850
327
22
82
1 ,646
150
323
589
1 ,253
177
156
165
630
14611
307
285
432
86
26
37
3 ,5 0 5
335
189
2 ,8 9 0
72
253
25
192
95
2 ,888
152
825
519’
497
20
142.
163
671
276
81
35
195
148
61
725
90
368
2 ,9 4 3
537
166
97
44
330
1 ,8 4 7
1,219
321
39
335
902
1 ,6 7 2
5 ,3 7 2
147
687
810
65
2 ,0 9 6
61
477
1,349
4 ,623
215
140
254
25
178
214
77
61
134
2,598
564
172
514
67
445’
239
20
1 ,223
248
165
300
20
136
270
1 ,497
38
308.
247
451
1 ,880
155
205
640
255
Total (130 roads). . 46 .6 1 0 ,3 3 4 49,931,745 —3 ,3 2 L,4 1 F 9 8 ,8 7 0 9 5 .8 5 6
t For five weeks ending December 2.
* For three weeks of November in each year.
§ Includes Colorado Midland for both years.
a Includes Toledo Columbus & Cincinnati in both years.
I Includes Hancock & Calumet for both years.
b Does not include Wisconsin Central in either year,
r For four weeks ending November 25.
d Includes Ohio & Mississippi for both years.
THE CHRONICLE.
D ecember 16, 1893,]
GROSS EA R N IN G S FROM J A N U A R Y 1 TO NO VEM BER SO.
Name o f Hoad.
1893.
3
Atch. Top. & S. Fe 8ys.t. 35,921,504
7,973,621
St. I*. & 8. Fran. Sys..
<2Balt. AQ„ Southwest.
6,135,637
B rmingham A Atlantic
26,537
Brooklyn Eieva*ed.......
1,687,34:
3,144.406
Butf. Roch. A Pittsbare.
Bnrl. Ced. Rap. & No...
3,949,739
Canadian PacnHc.. . . . . . . 19,323,036
Carolina Midiand. . . . . . .
55,321
133,664
Charleston Cin. A ChicChar. Samter A North’s
138,16:
Chesapeake A Ohio.....
9,136,713
Chic. & East’s Illinois..
4,' 24,875
3,998,146
Chic. Great Western__
Chic. Milw. & St. Paul.. 31,325,048
Chic. Rock Isl. A Pae... 18,140,568
Chic- A West Michigan
1,752,013
Cin. Georg. A Portam’th
63,813
Cin. Jackson A Mack. ..
014,270
19,065
Cincinnati Northwest's.
Cmn. Ports. A Virginia.
215,618
Columbus A Maysvilie
13.567
899.296
Clove. Akron A C ol.....
dev. Cin. Chic. A St. L. 12.679,676
Col. Hock. Val. A Toledo
3,054,891
23,862
Colusa A Lake................
Curreur River.. . . . . . . . . .
144,681
Bear. A Rio Grande
7,151,571
Bes Moines Nor. A West
365,9 JS
Bet. Lansing A North’n.
1,110,59;
1,941,905
Bui. So. Shore & AtL....
East Tentt. Va. A Ga ...
5,102.157
*7 *,855
Elgin Joliet & East...,.
335,459
Evansv, A Indianapolis
1/288,-423
Evansv, A Terre Haute
Flint A Pete Marquette
2,526,1*23
Ft. Worth A Rio Grar2df
344,50:
Gadsden A Ataiia Bn..
8,701
Georgia.. ................
1,277.416
G». Soutti’n & Florida..
7 33,460
Gr. Rapids & India'.a.
*>,.041,116!
Cin. Rich.A Ft.Wayne.
398,4101
Traverse City.
48.229
Mum. Ur. R. A tad....
13o,2531
cGr. Trank of Canada . 13,641,189
rChic. A Gr. Trunk...
3 ,956,088 i
ettot. Gr. H. A Milw...
1.018,345
Great Nor. St. P. M.A M 12,579,011
Eastern of Minnesota
1,244,015
Montana Central..****,
1,019,328!
Gulf A Chicago .— . . . . .
40,153
Hoosac Tun. A WReo...
33.510;
Hameston A SUenanJh
123,313
Illinois Cent ml. ..... —
20,269,177
India nap. Bee. A West..
339.58'
Inc. A Great Northern,
3,694,513
flnteroceanie (Hex.>..
1,912,256
1,733 6fb
town Cen rrad
.......*
Iron R a ilw a y............
36,77!“
Kanawha. a Mteotgaii ..
330,635
Kan. City ‘-.yin. A apr..
310,03/
4,269,741
Kansas O,
pimn. .
Kan. m t v Meta, A Bit. 1,000,96.
Kao. City Pitts. A Gulf.
173.343
Kansas L'liv Sub. Belt .
22o,72!
Kan. City Wy. A N. W..
306.531
Keokuk A Western
3 s /,80S
L, Erie Alliance A So., ;
72,44
Bake line A Western.. . : 3,2 30,611
Lehigh A Hudson Rivet
5 47.381
Louisv. Evansv. A St. L
1,615,502
Bonisvilla A Nashville.., 18,797,411
Loin
3,239,353
Macon A Blrmliivhuth.
62,603
Maaistique. . . . . . . . . . . . . .
7 2,011
Memphis A Charleston.
1.230,917
Mexican Central.. . . . . . .
7/241,212
Mexican National.........
3.«59,21«
t Mexican-Rail way.......
2.738,38;
b Mineral Range.---- .. . .
140,94*
Minneapolis & 8 t Lorn
1,650.332
Mian. St, P. A 3. Stc. M.
3,018,400
Missouri K. A Tex. rvs.
9,414,274
Mo. Pacific A Iron Mfc.. 22,850,43!
Mobile A Ohio.. . . . . . . . . .
2.98».786
Kashv.Ohat.A8t. Louis.
4.350/24*1
N. Orleans A Houtio ru.
US.U06
N. Y. Cent. A Hud. Riv. 43,1 i0,386
543,635
New York A Northern..
N. t , Ontario A West’n..
3,625,634
Norfolk & Wastern. . . . .
9,147,436
§ Northern Pacific.. . . . . . 22,024,052
Ohio R iver....... — ..
753,327
Ohio Southern . . . . . . . . .
613,623
791,850
Peoria Dec. A Evanav.
Pittab, Marion A Chic..
31,439
Pltteb. 8hen. A L. Erie.
460,993
Pittsburg A Western...
Pit Ian. Cleve. A Toi.
■ 2,531,231
Pittsb. Paines.« F’pt
uincy Omaha A K. 0.,
211,080
437,072
io Grand© Southern...
Rio Grande Western.... 2,095.513
Sag. Tuscola A Huron..
117,716
8t, Jos. A Grand Island.
1,049,878
1,424,315
8t L. Alt.A T.H.Rr'ctis
26,098
St, L Kennett A South.
Ht. Louis Southwestern
4,511,998
1,620,374
81. Paul A Dul uth. . . . . . .
San Fran. A No. Partflc.
769,977
450,251
8avan, Amer. A Mont..
Sliverton.............. .
01,902;
211,042
South Bound.______
South Carolina.............
1,185,53)
Texas A Pacific___.....
6,189,470
Tex. Sabine Val. A N.W
52,205'
1,812,050
Toledo A Ohio Central a
Toledo Peoria A WesPn
894,538!
Tot St. L. A Kan. City
1,034,257
Wabash__ . . . . . . . . . . . . . .
12,762,557
West Va.Cent. A Pit-ten
1,015,235
Western Maryland.....
1,115,163
West N. Y. A Pa.. . . . . .
3.287,9691
t
1892.
$
36,279.759
8.287.654
6,233,700
37.860
1,724,938
2.952,69“
3,941,434
19,515,222
58,329
134,658
132,471
9,120,125
3.798,447
4,632,149
31,768,590
17,162,890
1,846,905
65,021
649,048
19,045
238.920
13,139
916,214
13.593,965
3,072.17p
27,902
193,007
8,397,713
382,721,146,912
2,055,41!
5,751,352
774,31
347,519
1,190*150/
2,6! 9,08 H
348,923
1021
1893.
Wame of Road.
Wheeling & Lake Erie..
In crea se.
18,92.
*
1,408,638
D ecrea se'
Increase.
S
87,914
$
1,320,724
*
Total (124 roads)___ 479,912,167 486,445,527 11,128,475 17661835
$
...........
191,76?!
$
Net decrease........... .
6,533,360*
358.255
§ Inclt(del Wisconsin Central op to and including September 26 tor314,033
98.063 both years.
* Only three weeks of November in each year.
11,323
37,551
91*695
-» * 192.136
2,508
994
5,69
16,58“
326,428;
977,678
...
20
6,696;
4281
« Includes Toledo Coiunions A Cincinnati in both years.
1 Includes Colorado Midland for both years,
t To November 25.
&Includes Hancock A Calumet for October and November,
c To December 2,
d Includes Ohio A Mississippi both years.
634,003 IM P O R T S
442,743
94,892
1,103
34,778
16,924
914,181
17,283
4,010
38,326
.,240,142
16.790
...
36,317
110,506
568,595
104,536
12,059
97,621
92,660
4,415
13.0H
4,310
1,35 ,206
79.790
890,905
4: ,553
2,290 112
248.996
455,478
57,008
51,353
3,121
171,256!
41,003
299,5011
18,341,685
3,435,272
520,316;
1.113,920;
75,581
12.328,002 251]00*9
66.321
1,177,1.* l
1,095,318
75.020
31,079
'6,07'i
1,014
32.576
132,30b
V 0 J3
17,306,796 2,762,381
400,154
70,56*
3,744,391
49,381
1,655,742;
258,5141
1,741,052
“ 7,3.:«
33,1 U
“ 3,338!
339,141
s ’ soii
295,2014,»21
4,553/234
283,400
1,014,301
13.137
113,134;
00,2091
110.8831 101,033
312,141
5,410
369.72
11,014
75.731
3,2h©
3,242,313
11,703
116,762
431/122
227,910
1,387,62'
19,828,58"
........... B1,031,135
3,015,650;
2.3,706
67,741
5,138
9.413
81,427
30,362
1,311.779
01,31"
7,199,801:
374.238
4/233,457
*22,03*1
2,746,365
' *8.352
149,292
192,537
1*842,869
135,81b
2,902,590
530,901
8.883,375,
5,433,242
25/283,681 i
A N D E X P O R T S OF GOLD A N D
S IL V E R A T S A N FRANCISCO.
The Collector of Customs at San Francisco has furnished
us this week the details of imports and exports of gold and
silver through that port for the month of November, and they
are given below, together with the figures for the preceding
months of the calendar year 1893. The imports of gold during
November were less than in October, having been $551,346, of
which $504,520 was coin, and came largely from Australia.
Of silver there came in $162,889, of which $129,564 was bullion.
There ha3 been received during the eleven months a total of
$2,085,706 gold and $1,979,977 silver, which compares with
$4,933,181 gold and $2,737,675 silver in 1893. The shipments of
gold during November were $122,472, mainly to Honolulu
and China, and the exports of silver have been $88,667 coin
and $486,800 bullion. For the eleven months the exports o f
gold have been $1,116,239, against $723,051 in 1892, an i $11,137,168 silver has been sent out, against $11,898,794 in 1892.
The exhibit for November and the eleven months is as follows:
IMPORTS OP r,0Ul AMI SILVER AT SAX FRANCISCO.
GOLD.
MONTHS.
C oin.
1893.
January.-February..
March —
April.......
May..........
June.........
July.........
August—
September
October...
November.
*
6,115
813
2,512
876
990
22,810
171,936
31,747
373.424
323,290
504,520
SILVER.
Bullion
Total.
$
30,470
8,610
20,154
1*2,508
26.258
19,950
29,820
40,150
123,740
288,297
46,726
$
16,791
36,585
19,4 99
0,423'
27.116
22,666,
13,384;
12,354
4,208
27,2381
14.721
42,760!
201,756 ! 17,018
71,897 115 ,63 7
497,104 j 38,011
611,587 | 78,(18
33,323
551.24K
C oin.
r i . l l m o s . I , 4 a9 ,0 23 6 4 6 ,6 8 3 2 ,0 8 5 ,7 0 6
B u llio n .
Total.
223,928
167,610
209,022
188,837
156,441
169,505
89,122
208,154
208,420
195,719
162,889
207,134
148.111
181,606
176,183
152,233
154,784
72,104
92,817
170,409
117,031
129 ,5 6 4
377 ,10 1 1,602.876!1,979,97 7
EXPORTS OP GOLD AND SILVER 1‘ROAI SAN FRANCISCO.
SILVER.
GOLD.
C oin.
1893,
January. .
February..
March
A pril.........
M a y ...........
Jane...........
July...........
A bstbs I:—
September
October ..
November,
. B ull'n
Ill,9 3 5 |
69,135
190
44,339;
19,710 1,310
137,561.
....
58.1 8 0
27
50
98,980
180,693
265
2IC
88,625
307
145,250
100;
122,372
Total
11
Coin.
Bullion.
1
$
8
1 43,935 1,291,652
669,139
69,135;
424,302
44,5291
271,216
21,020
338,308
137,561
730,521
58,207;
529,020
93,0 30
180,9.58 1,336,661
1,651,510
88,8351
930,710
145,5571
885,667
$
157,500
292,200
179,900
1 94.500
202,956
232,000
1S4.1O0
158.500
486,800
Total.
$
1 ,4 3 9 ,1 5 2
669 ,1 3 9
4 2 4 ,3 0 2
563 ,4 1 6
5 1 8 ,2 0 8
9 2 5 ,0 2 1
7 3 1 ,9 8 2
1,5 6 8 ,6 6 1
1 ,8 3 5 ,6 1 0
1 ,0 8 9 ,2 1 0
1,3 7 2 ,4 6 7
24,168
3,013,954
356,919
4,707,16 i
9,048,712 2,088,456 1 1 ,1 3 7 ,1 6 8
12,410 T’l.ll mos.
130,476
41,744,90* 1,385,390
20,740!
522.8954 3 2 ,Ml l
3,193,043
200.286
8,987,150
S t o c k E x c h a n g e C l e a r i n g - H o u s e T r a n s a c t i o n s . — The.,5,015,616
27,010/26subjoined statement includes the transactions of the Stock
30,188j
723,139!
123«b
600,815
Exchange Clearing-House from Dec. 4 down to and includ
7,933
783,9171
5,297 ing Friday, Dec, 15; also the aggregates for June to November
36,756
101,871
359,322
inclusive, in 1893 and 1892.
2,168,807
362,427
258,3261
626,690
111.567
1,128,036
1,371.170
27.438
4,114,537
1,914.418
2 ,3 96,406
3,149
53,145
307,461
810,236
481,033
81.557
181,050
1.205.299
6.170,918
45,920
1.814,095
903.076
2.013,337
13,010.40?
1,002,677
1,060,159
3,215,566
29,90^
STOCK EXCHANGE CLEA KING HOUSE TRANSACTIONS.
17,248
189,618
300,863
78,1 5 8
"i'/i-io
324,044
41,259
30.782
29,495
19,766
818,S5i
6,281
2,045
11,338
409.060
253,931
83,558
55,004
52,40*
-— Shares, both sides.— ,
Cleared.
Total Value.
$
Honth—
Jane, 1892. I0.kS4.0OO 1,041,048,200
9,807,300
699,313.200
July, 1802.
9
M H
977,583.000
A uk., 1892. 13.998,480
Sent ,1892. 18.857.800 1,208.000,000
.
D o t. 1892. 20.720.300 053.733,000
N ov.. 1892. 10,519.200 1.113,80o,000
90,693.080 G.458.477,400
17.190.700 1.010,900.000
19.085.700 1,100,000/'00
_. 17.509.400
961.300,000
Sept.. 1893. 16,020.300
936,400,000
O ct.. 1893. 19,004,700 1,172,400.000
N ov., 1893. 19.891,100 J.332.839.4 00
0 m oe. .. 109.964.900 0.319.639,400
r—— - Balances, one side.------ . Sh eels
Shares. Value Shares. Cash. Clear'd
1.598,750
1.120.100
1,057.400
2.055.800
2.326.800
1.831.500
10,589.350
1.682.000
1,790.300
1.470,200
1.380.000
1.783.500
1.648.100
9,760,700
117,600
Dec. 4 . . 1.407,200 8 0 .3 00.000
69.900
5 . . 862,800 53.400.000
000 67.900
6 .. 763,300 4 5 .0 0 0 .
54,200
33.0
0
0
.
000
7 . . 576,800
43,400
8 .. 49.1,600 2 7 .6 00.000
Tot. wk. 4 110,200 2 39,300.000
Wklastyre,211,100 444,30 0 ,0 0 0
$
94.580,700
74,186,100
107.386.900
128.063.500
148.622.000 .....
128,975,000 1,417,.
082.400,200 8.586,
90,200,000 1,789,800
88,100,000 2.752,500
73,900.000 2,329,200
72,100.000 1.988,000
90,500,000 2,043,600
99,558.000 2,240.100
520.358,00013,149,800
6 ,0 00,000 118,100
3.1 0 0 .0 0 0 72.400
3 .700.000 72,7 0 0
2.8 0 0 .0 0 0 48,3 0 0
2 .200.000 43,0 0 0
5,885
5,888
6,183:
0,262
5,802
6,798
35,864
0,395
6,0J 5
6,882
6,968
6,681
386;1°3$
337
3X3
309
305
280
353 ,0 0 0 18,500,000 354 ,5 0 0 1 ,544
6 7 6 ,7 5 0 50,400,000 50 9 ,1 0 0 1,562.
1022
<— Shares, both sides.— .
Cleared. Total Value.
$
Deo. 11. . 849,600 46 ,8 0 0 .0 0 0
“ 12. . 90 7 ,3 0 0 58 .4 0 0 ,0 0 0
“ 13. . 5 6 5 ,1 0 0 3 2 ,3 0 0 ,0 0 0
“ 14. . 6 1 7 ,1 0 0 36 .4 0 0 ,0 0 0
" 15. . 57 3 ,4 0 0 30 ,2 0 0 ,0 0 0
Tot. wk. .3 .5 1 0 .5 0 0 2 0 4 ,1 0 0 ,0 0 0
W klastyr6,090,300 •4 4 6 ,9 00,000
THE CHRONICLE.
.-------- Balances, one side.---------. Sheets
Shares. Value Shares. Cash. Clear'd,
$
$
3 ,5 0 0 ,0 0 0
68,8 0 0
60,0 0 0
308
84,100
308
7 4 ,2 0 0
4 ,3 0 0 ,0 0 0
285
50,3 0 0
44,100
2 ,9 0 0 ,0 0 0
50,8 0 0
2 ,7 0 0 ,0 0 0
7 6 ,4 0 0
291
51,2 0 0
2 ,5 0 0 ,0 0 0 4 1 ,1 0 0
28L
2 9 5 ,3 0 0 1 5 ,9 0 0 .0 0 0 3 0 8 .7 0 0
70 8 ,4 5 0 5 3 ,0 0 0 ,0 0 0 5 92,700
1,473
1 ,6 2 2
The stocks cleared now are American Cotton Oil common,
American Sugar common, Atchison, Chicago Burlington &
Quincy, Chicago Oas, 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 &
N ew England, New York Lake Erie & W estern, Northern
Pacific preferred, National Lead common, PhiladelDhia &
Reading, Union Pacific and Western Union.
^Xutietaic23©0mmcrcial %
u q
X \ 3 \x
f$jenrs
[From our ow n correspondent.]
L ondon, Saturday, Dec. 2, 1893.
During the week the supply of money in the short-loan
market has been so small that about a million sterling has
had to be borrowed on the closing days of the month from
the Bank of England, and the pressure was so great that the
Bank exacted
Per cent. Just now the collection of the
revenue is going on at a very considerable rate, and the prov
inces are drawing upon London in consequence of the re
vival of activity due to the end of the coal strike. Moreover,
it is stated that the joint-stock banks stopped lending freely
in the desire to make a stronger showing in their monthly
statements. Altogether the special urgency referred to above
resulted. Greater ease is expected next week, but probably
rates for short loans will be fairly well maintained for the re
mainder of the year. The rate of discount in the open mar
ket up to yesterday was about 2 % per c e n t; it has now gone
down to 2% per cent. The fortnightly settlement on the
Stock Exchange, which began on Tuesday morning and
ended on Thursday evening, was arranged quite easily. Bor
rowers obtained all the money they required from the banks
at from 2% to 3 per cent, and the carrying-over rates within
the Stock Exchange, though somewhat higher than a fort
night previously, were still very easy. The account to be
settled was a very small one.
The India Council offered for tender on Wednesday 50 lakhs
of rupees in bills and telegraphic transfers, but failed to sell
much more than 10 lakhs. In spite of the accumulation of
money in the Indian treasuries the money market there con
tinues surprisingly easy, so much so that the Bank of Bengal
this week has reduced its rate of discount from 5 per cent to
4 per cent. Evidently the experiment of the Indian Govern
ment is checking exports. Hopes are still entertained that
there will be an improvement at the end of the month ; but
it is clear that the Council will be able to sell only a portion
of the bills needed to meet its requirements. Another loan,
then, will no doubt have to be made before March. The de
mand for silver has fallen off and the price is now only 33d.
per ounce.
There is undoubtedly a better feeling upon the Stock E x
change than has existed*for a considerable time past. It has
been noticed in this correspondence for a week or two that
the demand for the very best class of investment securities
was increasing. There has for nearly a month been a marked
rise in such securities—for instance, consols, Indian sterling
stocks, the best colonial stocks, British railway debenture
stocks and guaranteed and preference stocks and sound Am er
ican bonds. This week the demand has very much widened.
There are complaints that it is impossible to get these securi
ties at the nominal quotations of the Stock Exchange. It is
noticed, too, that the demand is now extending even to secondclass American bonds. Naturally it is hoped that this revival
of investment will by-and-by lead to speculation ; but for
the moment speculation is quite paralyzed. The investment
demand has extended not only to British railway ordinary
stocks, the prospects of which are considered good now that
the coal strike is over, but even to several foreign Govern
ment bonds. Egyptian are especially in request, the unified
4 per cent bonds being about 102.
In spite of the fall of the French Cabinet the Paris Bourse
continues firm. The Dupuy Cabinet was displaced mainly
f V ol . LVII,
because it contained three Radicals, and the moderate Re
publicans, who are in a majority in the new Chamber, de
sired to put an end to what it called the concentration policy
and to form a homogeneous administration. Up to the pres
ent very great difficulties have been experienced in forming
such a Cabinet. The hope, however, in the highest financial
circles in Paris is that a really strong moderate Cabinet will
come into office, that it will sternly put down all troublesome
agitation, and that it will devote itself to useful economic
reforms, the first step being the conversion of the iy 2 per
cents. In the highest financial circles in Paris, too, a more
favorable view is now taken of the finances of both Spain and
Italy than has prevailed for a long time past. It is unques
tionable that the present Spanish Cabinet is exerting
itself most creditably to balance revenue and expenditure,
and it m ay succeed if it can live for three or four years. But
there is widespread discontent; there is much grumbling
against the new taxes, and the Morocco war is costing a great
deal of money.
As regards Italy the outlook certainly seems as bad as it
can well be. The Giolitti Cabinet fell in a storm of indigna
tion. It attempted to prevent a real inquiry into the banking
scandals, but the report of the Investigating Committee could
not be kept back, and it has aroused a passion of wrath
throughout Italy. It is very difficult to find competent men
to form a new Administration. The Government finances
are in a desperate w a y ; so are those of the local authorities;
and the banking question is urgent.
On Thursday the
Credito Mobiliare applied for a moratorium or delay in ful
filling its obligations. It has a paid-up capital of 60 millions
of lire, or £2,400,000. It had large deposits and it accepted
very freely. It did, in fact, an immense business both in issu
ing and syndicating loans, in accepting for merchants and in
operating upon the Stock Exchange. A t ODe time it was con
sidered the very first of the Italian banks. According to the
directors it is still solvent, but ever since September there has
been a run upon the deposits. The bank was compelled to
sell all its marketable assets ; those remaining cannot now be
realized upon and therefore it has to apply for a moratorium.
Other banking failures are looked for, and the financial con
dition is worse even than it seems. In spite of all that, how
ever, the highest financial circles in Paris are hopeful. The
truth is that a struggle is just now going on between French
and German interests for ascendency in Italy. The French
hope by the offer of a commercial treaty and of financial
assistance to induce Italy to withdraw from the Triple A lli
ance. On the other hand it is generally understood that
Count Kalnoky’s recent visit to Italy was for the very purpose
of communicating to the Italian. Government that both
Austria and Germany would agree to a very considerable re
duction both in the army and the navy of Italy and that the
two Governments would use their influence to help Italy in
getting pecuniary assistance.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols.
compared with the last three years:
1893.
N o v . 29.
£
Circulation ............. ...............
Public d ep osits..................... ............
4,192,861
Other d ep osits.......................
9 /8 7 ,5 9 8
G overnm en t se c u ritie s. . . ............
Other secu rities...................
R eserve.....................................
Gold and b ullion ...................
Prop, assets to liabilities per c t. 50 13-16
Bank r a te ............................ per cen t.
3
98 7-16
Consols 2$£ per c e n t............ ............
Clearing H ou se retu rn s..... . . . . . . 105,347,000
Messrs. Pixley
November 3 0 :
&
1892.
1890.
D e c . 3.
f
£
26,380,175
24,673,035
25,863,010
3,314,215
3,700,132
5,222,698
30,274,717
33,312,792
28,693,479
11,456,110
10,101,963
10,395,458
27,517,348
23,255,895
28,105,208
16.672,S14
14,792,995
15,493,221
24,895.849
24,906,231
23,732,170
41 7-16
47 0-16
« «
5 (D ec. 4)
4
3
95 l-1 0 x d
97M
95 3-16xd
137,121,000 149,583,000 172,733.000
N o v . 30.
1891
D e c . 2.
£
Abell write as follows under date of
Gold—During the week rates for gold have receded slightly further,
hut the demand still continues. The destination of the shipments is as
before—Berlin for account of Russia and Hungary. Small shipments
have also taken place to India. The Bank has received £ 3 3 ,0 0 0 , and
against this has sold £ 1 0 ,0 0 0 for Egppt. Arrivals: Central America.
£ 6 7 ,0 0 0 ; Australia, £ 1 0 9 ,0 0 0 ; Brazil, £ 3 ,0 0 0 ; W est Indies, £ 3 1 ,0 0 0 ;
South Africa, £ 1 2 9 ,0 0 0 ; total, £ 3 3 9 ,0 0 0 .
Silver—The only changes in silver have been in a downward direc
tion, and sinoe our last the fall is 3ad. There have also been large sales
at increasingly cheap rates for forward delivery, an l at varying dis
counts on the cash quotation. Shipments to Caloutta Nov. 24, £ 9 ,0 0 0 .
Arrivals; New York. £ 1 7 9 ,0 0 0 ; Valparaiso, £ 6 2 ,0 0 0 ; South A fric a ,
£ 3 ,0 0 0 ; W est Indies, £ 1 4 ,0 0 0 ; total, £ 2 5 8 ,0 0 0 .
Mexican Dollars—There has been inquiry for these coin, but with
little on offer. Rates have been chiefly nominal. Arrivals from New
York, £ 6 ,0 0 0 .
Dscember 16,1893.)
THE
C H R O N IC L E ,
The quotations for bullion are reported as follow s:
GOLD.
L&rukm Standard,
No?-. 30,
3.
77
m
78
76
:c
Bar gold, fine— ok.
Bar gold, parting,os
Span, don Moons, oz.
0 .3 . gold coin ...oz.
German gold coin.oz
Nov. 23
fL
%m
ot.
9%
m
m
s.
78
78
73
76
76
d.
0
m
OH
7
7
SILVER.
London Standard. Nov. SO. Nov. 23.
a.
Bar silver, Qne. -.o*. 32
Bar silver, contain
ing 5 grs. gold..02. s m
Cake silver....... oz. 34 7-16
Mexican dollars .oz.
d.
sm
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 December 13 aud from January 1 to date :
32%
U 15-16
32U
The following shows the imports of cereal produce into the
United Kingdom during the first thirteen weeks of the season
c otnpared with previous seasons:
IMPORT*
1023
EXPORTS FROM SEW YORK FOR THE WEEK,
For the w eek ..
Prev. reported.
1890,
1891.
1892,
1893.
#7,129,550
327,876,385
*9,284,830
354,377,923
$7,948,531
360,753,985
$6,871,566
349,766,668
Total 49 weeks. $335,005,985 $363,662,753 $368,702,516 $356,638,234
1893.
1892.
1891.
1890.
Im ports afwheat.owt,16,S02,985 17,702,981 30,941.335 17,215,778
S.S09.797
(i, 151,740
Barley...........
8,133,071
7,455,811
O ats.................. ......... 3.7*3,136
3,919,405
3,961,190
700,7*9
Pea*............ ..................
565,750
895,396
375.361
1.278.259
Beana.......................... 1.238,908
1,006,517
696,220
Indian c o r n ............. 6,772.527
1,788,221
8.203,236
7,718.756
F lo u r ........................... 5.541,151
4,020,373
5,487,038
3,642,729
Supplies available f o r consumption (exclusive o f stocks on
The following table shows the exports and imports of specie
at the port of New York for the week ending Dec. 9 and since
January 1, 1893, and for the corresponding periods in 1893
and 1891:
1893
Wheat..................ew t. 16,802.985
Im p ort*of flour......... 5.'> t!.!..,i
tales o f borne-KTown. 6,838,790
Great B ritain............
September 1):
1892.
1891.
1890.
17,702,934 20,944,335 17,313,778
5,467,033
4,0 20.373
3,612.729
7,133,596
9,883,331 11,003,088
T otal..................... 28,982,929 30,343,618 33,823,539
1893.
1892.
1891.
Aver, price wheat w aei.2 7s. id .
28a. 5d.
39 s. Id .
Average price, season.. 27s. od.
28». od.
36s. l i d ,
31,886,595
1S90.
32 a. 7d.
32a. id .
Tiie following shows the quantities of wheat, flour a d
maize afloat to the United Kingdom:
Tfr is uitek.
Wheat..................qrs. 2,768,000
F iom , «■!rial io qrs.
270,000
950.000
M aize..... ............. qr*
Last week.
2,6 *3.000
300.000
318.000
1892.
2,285,000
479.000
393.000
1891.
2.315.000
306.000
195.000
E a x lllb S lu s a s U I < l> r s « i> -P e r iis a is
The daily closing quotations for securities, &c.. at Loud* n
arerepoilei bv cable as follows for the week endine Dec. 15:
Sat.
London.
Hon. ' Fuat.
32
32
Silver, p er o * .................d 32
Oansui»,new,2 A. per eta 97%
s n h e 98
to
for Recount....... .
98%„
Fr'eU rente* (la F a ri.lfr. im -iu 99*47% 99*35
U. 3. A* o f 1907..............
75%
Can»dlan Pacific............ 76%
76%
65%
6-1%
Calc. M U ..% St. P w u ___ m n
96
HilnoiR C entral............... 91 >4
9(>
180
Lake S h o re ..................... 130% 131
•33,
Louisville & Nashville..
51%
51%
53% t 55%
M exican Central 4 a .___ 56
N. Y. central A Hudnon 105% 104% 104%
15%
N.. Y. Lake Erie MWeat’c 13%
i» » .
77 w
77%
78
do
2d con s..........
22%
22%
N orfolk A Western* pref : 22%
22%
Northern Pacific p ro f.. 23%
22N
51%
51 %
Penney! v-ftnlu.................. 51%
11
103,
Philadelphia A Resdlnp.
10 3.
21%
21%
Union P acific................... 28:%
16% ■ 16%
18%
Wabash n ie f............ .
Wed.
Thun.
32
32
32
57ll«« « * ! „
98%
98% , 98%
93%
'm 4n 99 00 99 02%
76%
’ 65%
96%
130
51%
55%
105%
16%
791,
22%
22%
51%
104,
22
16%
76
■ 75%
64.%
64%
96
96
130
180
51%
Suk
- 55% i 55%
105
104%
. 18%
15%
80
SON
22%
*22%
23%
22%
50
50%
10%
10%
22%
21%
10%
16%
(C o m m e rc ia l a n d B a is e e H a u e o u s ije t u s
OotSAO E BY U n it e d STATES M in t s . — T h e f o l l o w i n g sta te
m e n t, kindly fu rn is h e d u s b v th e D ir e c t o r o f t h e M in t, shor s
the c o in a g e at th e Mints o f the United States d u r in g t h e m o n th
o f November and the eleven months of 1893.
November,
Donominatmn.
Pleven Months.
Value.
Piece*.
Piece*,
$
Doable e«ufle*______
E»(cl*s........................
Half e »K l.- ............
119,000
835,5(10
610,840
2,380.000
8,355,600
3,051,2C0
Quarter e a g le s ....... .
Dollars—
..........
........
j
Value.
!
»
915,944! 18,318,880
1,918,899 19,188,990
1,940,175 9,7oO,S75
30,063
75,157
Exports.
Gold.
WeeJc.
Germany....................
West Indies................
M e x ico .................. .
South Am erica..........
All other countries..
Total 1893..........
Total 1892..........
Total 13 91..........
Silver.
Great B rita in ..___ _
Franca. . . . . . . ___. . . .
Foreign T rade
January....
February .,
March......
April........ .
M ay........
June .......
July...........
AugustSeptember.
October....
November .
1
18,370.078
14,002,275
vstfisnjm
10,214,034
10,997,093
7,245,201
18.318,301
9,038,168
7,103,33(1
5,705,831
4,497,140
»
33,477,843
31,850,453
44,457,928
87,724,873
35.268.882
85,251,887
27,303,538
27.419,045
18,874,404
27,380,894
28.3^1,902
24,654,324
8,096,377
January.........
Five vents. . . . . . . . . . .
1,162,000
58,100
12.093.565
604,978
february.
M arch ............
One c e n t ..-----. . . . . . .
4,120,000
41,200
41.871.565
418,716
M a y ...... . . . . . . .
83,971,130
1,023,894
#2,232,005
8,241,(82
*1,693.525
6,206,284
*2.636,102
9,468,868!
#7,989,809 *12,104,730! *10,001,621
T o t a l .......! I ;f 10,4.76,177
Since J a n . 1 . \
*119,979,227 ,*114.716,651
*109,563,549
Dry G oods . . . , J 1140,084,764
G«m*i loer'dise. j| 374,183,415 i 3*2,627,728 4 2 1,808,263j 399,341,460
Total 49 weeks. #514.866.179 *492,191.277 #511,785,490'*514.058. I l l
%
51,847,9311
45,85*?,728,
57,355,80 S;
47.938,90740,200,977
42,499.488j
40,621,029]
M,455,283)
20,007,740}
83,150,525;!
30,882,102,
Drv
Qoo&b.
General
Merchan
dise.
t
15,208,842
12.113.162
9,870,851
8.501,492
8,259,023
7,275,558
10,047403
14,100,001
10,627,801
12,274,605
8,312,459
*
28,920,048
32,239,838
45,140,299
41,876,008
32,131,008
40,593,834
29,270,802
31,447,888
30,958,792
31,813,021
34,800,644
Total.
s
42,218,890
44,353,000
55,011,153
50,177,500
40.391,536
47,869,392
30,918,295
45,608,849
41,580,593
44,087,026
43,113,103
At'New York.
Total Merchandise.
!
1893.
1892,
*
A pril............
Jane................
July
$1,149,106
8,852,215
2am.
|
Total... 118.567,245 M3.372.I09 458,039,354 117,348.005 376,992.872 494,335,93
CUSTOMS RECEIPTS.
EXPORTS PROM NEW YORK.
142,340
Dry (r o o d s ,....j
mer’d ise . j
928
$9,537 $3,149,216
32,157
2,979,460
16.295
2.592,40s
1892.
Drv
Good*.
976,202
G en ’l
59
8,550
$2,937
788,010
590
49,603
988,059
1,182,637
137,344
N e w Y ork — M on th ly Statem ent .— I n
General
Merchan
dise.
Total silv e r.. . . . . . .
D ec. 7 an d f o r th e w e e k e n d in g f o r g e n e r a l m e r c h a n d is e D e c. 8 ;
also tota ls siD ce th e b e g in n in g o f t h e first w e e k in J a n u a ry .
rOKKOS IMPORTS AT KKW TORE.__________________
1892.
!
1893.
F o r Week*
|
1890.
1991.
of
1893.
Month.
Month.
Im ports an d E x p o r ts f o r t h e W e e k .— T he fo llo w in g are
Since Jan. 1.
$ ............
IMPORTS INTO NEW YORK.
1.455.865
3,782,835
2,157,781
700,19.1
the im p o r ts a t New Y o r k fo r th e w e e k e n d in g f o r d r y g o o d s
Imports.
Week.
Addition to tables preceding, made up from weekly
returns, we give the following figures for the full months,
also issued by our New York Custom House. The first state
ment covers the total imnorts of merchandise.
1,455,565
7,565,670
3,631,183
7,001,960
83,430,535 56.403,973
Since Ja n. 1,
Of the above imports for the week in 1893, $58,214 were
A meric in gold coin. Of the exports during the same time
$513,823 were American gold coin and §1,000 American silver
coin.
4,000
69, 00
69,140
99,300
$72,621 $61,914,191
150,917
8,443,505
1,062,357 30,143,700
$969,95V $30,637,679
1,008,612 21,663,378
171,878 19,575 086
8,000
276,801
691,401
11,031,410
$551,823 $70,997,210
227,350 61,862,203
23,523 75,940,386
Exports.
Total 1883..........
Total 1392..........
Total 1891..........
10,789,800
7,523,002
Since Jan. 1.
$1,260 $30,236,342
8,781,178
13,386,791
48,213
7,853,931
867
61,551
14.067
1,747,123
8,214
143,775-
West Indies..... .........
M exico.......................
South A m erica..........
All other countries..
1,265,400
5,282.000
Week.
$500 $16,700,707
17,990,102
505,500 25,958,600
45,623
8,132,879
19,468
1,182,070
1,013,420
*96S,957 $29,612,348
132,198
193,000
1,000
517,147
060
110,003
42,323
Total g o l d . . . . . . . . .
Total coin a g e .. . . . .
Imxtorls.
Since J a n .1.
Week.
Standard d ollars. . . .
H alf d ollar*. . . . . . . . .
Quarter d ollar*.......
Dim e#....... ......... —
Total minor - - - . . . -
4,805,081 47,283,902
EXPORTS AMD IMPORTS OP SPECIE AT NEW YORK,
....................
August............
September.. ...
October........
Nov ember..—
Total........
Month.
«
84,801.864 34,379,303 January.......... 15,291,002 11,003.890
22,769.850 30,730,177 February........ 12,439,466 11,832,255
27,002,504 33,084,920 March............... 12,805,884 10.872,14©
9,717,453 8,885,924
25,765,137 30,642,145 April. , . . . . . . . . . . .
9,969,280: 10,674,826
30,767,49P 31,332,732 May.............
31,773,627 38,843,263 June.................. 0,337,791 9,594,698
32,851,140 23,263,673 Ju ly............... 10,220,988 12,304,19?
8,188,589 13,179,931
35.045.4S8 30,781.807 August.... . . . . . .
38,908,412 26,911,052 September....... 7,964,784 11,342,120
7,537,621 10,339,857
31,128,856 31,338,003 October ........
6,314,546 9,931,436
31,472,483 33,478,750 November.,......
Total......... 109.788,304 120,741,148
807,074,898 344,785,825
N a t i o n a l B a n k s .— The following information regarding
national banks is from the Treasury Department:
INSOLVENT.
2,805—The First National Bank o£ Spokane, W ishingtou, 19 insolvent,
and was on November *20 placed in the hands or F, Lewis
Clark, receiver.
IN LIQUIDATION.
2,095—The First National Bank of CentreviUe, Michigan, has gone
into voluntary liquidation, by resolution o f its stockholders
dated Nov. 25, 1893.
THE CHRONICLE.
1024
■2,757—The Second National Bank of Helena, Mont ana, lias gone into
voluntary liquidation, by resolution of its stockholders dated
Sept. ‘2.1. to take effect Sejit. 3 0 , 1893.
3 162— The York National Bank, of York, Nebraska, has gone into vol
untary liquidation by resolution of its stockholders dated No
vem ber b, 1893.
3 241—The Farmers’ & Merchants’ National Bank of Clarksville, Ten
nessee, has aone into voluntary liquidation by resolution of
its stockholders dated October 1 0 ,1 8 9 3 .
4 ,9 0 3 —Tile First National Bank of Wharton, T e x ts, has gone into vol
untary liquidation by resolution of its stockholders, dated
October 1+, 1893.
NATIONAL BANKS AUTHORIZED TO RESUME.
1 ,7 9 3 —The First National Bank of Kankakee, Illinois.
3 ,2 3 4 —The Citizens’ National Bank of Muncie, lad.
2 ,8 0 3 —The Bozeman Na'ional Bank, Bozeman. Mont.
3 ,9 2 4 —The Tacoma National Bank, Tacoma, Washington.
4 , 574—The Socorro National Bank, Socorro, New Mexioa.
New York City Bank Statement for the week ending Dec,
9, 1893, is as follows.
BANKS.
(00s omitted.)
We omit two ciphers (00) in all cases.
Capital Surplus
Bank of New York.
Merchants’ ...............
Phenix.......................
City.............................
Chemical....................
Merchants’ Exch’ge
Gallatin National...
Butchers’* Drov’rs’
Mechanics’ & Trad’s
Green wich... .........
Leather Mannfac’rs
Seventh National...
State of New York.
American Exch’ge..
Commerce.................
North America------
M ark et* Fulton...
Shoe & Leather.......
Corn Exchange.......
Importers’ & Trad’s
Fourth National---Central National....
Second National---Ninth National.......
First N ational.......
Third National------N .Y . Nat. Exchange
New York County..
G erman-A merican..
Chase National........
German Exchange..
Germania.................
Fifth N ational.......
Bank of the Metrop
■West Side......... .....
.......
Seaboard
Sixth National.........
Western National..
First Nat., Br’klyn.
Son hern National..
$
2,600,0
2,050,0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
750.0
300.0
600.0
1,000,0
300.0
400.0
200.0
600,0
300,0
1,200,0
5.000.
5.000.
1.000.
1,000,0
422,7
1,500,0
450,0
200,0
700,0
1.000,0
600,0
600,u
500,0
750.0
500.0
1,060,0
1,000,0
1,000,0
300,0
1,500,0
2,000,0
250,0
3,200,0
2,000,0
300.0
750.0
500.0
1,000,0
300.0
250.0
200,0
750.0
500.0
100.0
200,0
200,0
600,0
300,0
200,0
200,0
300.0
200.0
60C,0
200,0
2,100,0
300,0
1,000,0
2.101.4
1.869.4
976,2
2.067.5
2,2209
463,9
2,739,0
193,5
7,321,9
177.0
1,584,0
318,9
424,7
170.1
548,5
109,3
5 04,0
2,449,8
0
3.570.6
0
1.665.6
0
1,114,7
469,6
964,9
963,8
333,2
651,4
1,928,(
315,6
465,6
286,1
822,5
130,2
291.1
1,251,9
294,6
425,2
5,700,8
3,136,6
137,4
2,130,5
543.3
511,0
352.4
7,316,4
140.2
151.3
640.5
570,1
314.0
1.185,7
1.036,0
628.1
586,6
612,4
449,8
500,6
330.6
773.7
29/,2
246.5
341.5
220.5
837,7
156.5
Loans.
Specie. Legals. Deposits.
$
12,800,0
11,099,0
7,836,6
8,488,0
15,667,0
4,449,0
16,562,9
2,159,4
22,901,3
3,875,1
5.732.0
1.585.1
2.305.0
1.097.1
3.011.2
1.438.6
2.350.3
19.640.0
17.875.0
6.172.6
8,367,7
2,369,1
9,4 54,4
5,517,7
1,982,4
4,639,8
13,387,4
2,467,0
2,690,3
1,985,1
4.333.3
1.775.3
3,( 83,0
8,485,8
3,920,7
1,668,3
18.567.0
21.806.1
1,040,2
18,440,0
6.870.0
4.091.0
3,124,2
21,828,3
6,094,6
1,210,4
2.387.0
2,810,9
2.204,7
9,311,0
5,460,6
2.493.0
2,447,3
4.200.1
4,329,9
3,505,2
1.600.5
3.965.5
2,149,0
4.076.0
1.665.0
8,851,5
4.209.0
1,755,4
$
2.580.0
5.991.0
2,776,8
3,361,0
3,113,2
1,190,0
12,368.1
307,9
8,263,4
631.1
1.196.7
282.2
180,0
375,1
749,4
386.7
208,6
3,781,0
3.286.7
740.8
1,428,7
581,1
1,850,1
596,7
358,5
1,177,3
5,830,1
420,8
859,4
466,2
631,0
98,1
443.0
690.0
1,462,3
191,1
6,183,0
4,188.7
122,9
3.832.2
1,260,0
1,057,0
835,5
3.602.2
1,452,9
75,2
501,0
701,4
696,8
4,966,9
898,7
231,2
301,7
1,346,8
965,7
950,2
199,9
662,3
316,0
764.0
225.0
1,945,7
1,054,0
116,5
$
2,620,0
3,090,0
2,621,7’
1,410,0
3,471,4
3 15,0
4,894,0
395,9
2,150,2
936,5
1,797,1
253.7
402.0
201.1
458.3
270.3
1.328.0
3.901.0
9.728.1
838.8
1,149,6
500,9
2,037,4
1,090,6
555,8
1,448,7
2,377,1
467,2
338,1
483,0
964,8
438,3
952,0
1,927,0
1,680,9
637,7
8,345,0
3,629,6
199,7
3,732.5
2,173,0
774.0
732.1
3, i09,2
250.2
22-4,3
469,0
112,9
381,2
2,225,8
875,6
570.7
602.7
1,167,2
1,520,4
306,0
394,1
1,138,2
253.0
610,0
144,0
2,098,7
i 242,0
1 555,2
$
13.860.0
17.247.0
11,367,0
7.637,0
18,204 4
4,521,0
29,973,1
2,193,8
25.781.4
4.571.4
6.137.4
1,628,0
2,310,0
1.117.7
2,766,2
1.623.4
2.496.4
18,405,0
20.663.4
4.639.8
8,189,2
3,092,2
11,089,4
5.729.5
2.898.6
5,814,9
17,813,5
2,623,0
3,436,1
2,447,0
4.513.1
1.892.1
3,590,0
9.160.4
6.487.5
1,800,0
25,926,0
25,368,5
941,6
20,843,1
10,176,0
6.059.0
3,980,2
2 L,402,3
6.555,6
1,091,8
2.881.0
3,204,0
2,447,4
14,646,9
0,398,2
3,024,8
3.142.2
5.968.3
5,865,3
4,498,3
1.771.0
5,120,4
2.252.0
4.761.0
1.332.0
10,568,1
4.384.0
1,573.4
T jiaI.................... 8C,922,7 71,726.6 412,343,6 1049095194,856.5 492,802,3
New York City, Boston and Philadelphia Banks:
Ba n k s .
Jf. Y o r k .*
N ov. 11___
“ 1 8 ....
“ 2 5 ....
Dec. 2 __
“
9 ...
Ronton,*
N ov.26 ...
Dec. 2___
“
9 ..
F h tln .*
N ov.26___
Dec. 2___
“
9 ....
Capital &
Sui plus.
$
132,527,8
132,527,8
132,527,8
132,527,8
132,649,2
Loans.
Specie.
64,642,9 162,228,0 11,070,0
64,642,9 164,212,0 11,255,0
64,642,9 105,744,0 10,424,0
35,810,3
35,830,3
35,810,3
Legals.
Circ'Vn Clearings.
i
$
$
$
$
402,986,0 68,644,9 73,118,8 455,739,9 143563 499,262,0
401,732,8 99,924, H81,717,2 464,684,1 140766 536,336,3
405,201,7 100B936 8ft,60K5
138319 516,513,2
136582 500,968 «
409,490,3, *1043688 i 3,664,4
136021 537,606,6
412,343,6 1049095 94,856,5
97,256/
97,374,0
97,773,0
8,935,0 148.355.0 9.211.0
9,3 06,0 154.005.0 9.164.0
9,340,0 15 j,837,0 9.099.0
78.089.6
70.626,4
94.263.6
96.794.0 6.038.0
98.571.0 6.062.0
98.905.0 5.688.0
63,253,2
59,532,0
62,142,8
31,282,0
32,2 L2.0
32,5 20,0
* We omit; .uo ciphers in all these figures,
■delpbia, tbe item **due to other banks.”
— The Fidelity Insurance, Trust & Safe Deposit Companywill distribute through the Central Trust Company of New
York on January 5, 1894, to the holders of certificates of
equitable interest in the stocks of the Chicago Gas Companies,
of record December 18, an amount equal to 1% percent of the
par value of their holding of the certificates ot that company.
The transfer books will close December 18 and reopen Jan
uary 6.
— Messrs. W ilson, Colston & Co. of Baltimore have made an
analysis of the earnings of the Central Railroad of Georgia for
several years past. They make some remarks upon the earn
ing capacity of the road and their conclusions tiven on two
pages of a type-written circular will be interesting to securityholders of the Central Railroad.
—A second edition of the Rules and Usages of the London
Stock Exchange has been issued by the publishers, Messrs.
Effingham, Wilson & Co. In addition to the texc of the rules
and notes and comments on the same, there is also an exposi
tion of all decided law cases affecting the Exchange.
—The coupons of the Birmingham division bonds of the
Tennessee Coal, Iron & R. R. Co. due January 1st, 1894, will
be paid at the Hanover National Bank on and after January
2d, 1894.
— Messrs. Drexel, Morgan & Co., Harvey Fisk & Sons of
New York, and E. Rollins, Morse & Bro. of Boston offer for
sale $5,000,000 Massachusetts
per cent 20-year gold bonds.
— United States Leather Company 6 per cent bonds are
offered at 1 0 8 ^ and interest by Messrs. Heidelbach, Ickelheimer & Co. and Messrs. Baring, Magoun & Co.
— The directors of the Knickerbocker Trust Co. have de
clared the regular semi-annual dividend of 3 per cent, payable
January 1, 1S94.
Auction Sales— Am ong other securities the following, not
regularly dealt in at the Board, were recently sold at
auction.
By Messrs. R. V . Harnett & C o.:
Shares.
8 Consumers’ H y . Ice Mfg.Co.$251ot | 100 Nat. Broadway B a n k ....254
By Messrs. Adrian H . Muller & Son :
Bonds.
$ 4 3 ,0 0 0 Denver City W . W.
Co. genl. 5s, 1910, May,
1 8 9 2 , coupons o n ................ 5-25
$ 1 ,0 0 0 Prospect Park & C. I.
R R . 1st 7s, 1895, J&J,
100*3 & int.
$ 1 ,0 0 0 Atlantic A ve. RR. 1st
7s. 1894, M & N ........... 100*4 & int.
$ 3 ,5 0 0 Dry Dock E. B & Bat.
RR. 5s, certfs. of indebted
ness, 1914. F & A .......... .9 5 & int.
$ 2 6 ,0 0 0 Loulsv. St. L. & Tex.
Ry. 1st consol. M. bouds,
due 1942. Sept., 1 8 93, cou
pons on.. .........................11 to 15
$10 ,0 0 0 Del. Riv. & Lancast’r
RR. ls ts , 1 9 13. Jan., 13y3,
coupons o n ...............................
8
|$50u Florida Mill Lumber &
Land Co. of N. J. 1st 6s,
1902. June,1884. coups, on. $ 3 1 0
; $1,5 0 0 Long Island City 4 lgs,
! registered................................. 91*4
! $ 5 ,0 0 0 Manh. Beach Hotel. &
Land Co. 4 s .............................. 28*4
$5,0 0 0 Standard Coal & Tim
ber Co. of W est Y a. 1st 5s,
1922, M&N. 1st payment
N. Y., 4s, 19u2. J&D........
10
of May, 1 8 9 4 .........
10*4
$3,0 0 0 Car Truss note and 1
$2,0 0 0 Omaha & Southw. RR.
contract of the Jack.
8s, 1896, J & D ........................ 1043s
I Mayp. & Pab. Ry. &Nav. I
$4,000 Ottawa Oswego & Fox
i Co., 1 8 9 2 ............................... ; $3,0 0 0
Riv. Val. RR. 1st 8s, 1900,
J& J........................................... 120*4 1 1 Contract of guar, dated I
A u g .6 ,1 8 9 2 . executedby |
$ 5 6 ,0 0 0 Amer. W . W. Co. 1st
Horace Scott....................... j
consol. 58, 19 7 ...................... 70
$ 4 0 ,0 0 0 Ore. Pac. RR. Co. i=s,
$2,0 0 0 Amer. W . W. Co. 1st
consol. 6s, 1907 ................
70 receiver’s cent's, of indebt
$45 ,0 0 0 Car. Cumberl. Gap &
edness, 1 8 9 3 .-,__ j .................. 10
Chic. RR. 1st M. b o u d s... 15-25
Shares.
220 Municipal Elec. Light Co.
of Brooklyn..................... 139
13 Peoria & Bureau Yalley
RR. Co...............................171
50 Utica Chenango & Susq.
Valley R R .......................... 128
13 Cayuga & Susq. R R _____ 133
17 Bank of State of N. Y — 100
100 11th Ward Bank of N. Y .2 7 5
45 Chatham Nat. B ank____ 349
20 Herr’n-Hali-Marv. Co pf.x7L3i
50 U. S. Mortgage Co............. 175*4
15 Indianapolis Gas Co..........136*4
117 Tradesmen’ s Nat. Bank. 97
30 East River Nat. B ank-----140
50 So. B ’klyn Saw Mill Co-.1 1 5
60 Nat. Tns. Co. (in liquid’n) 81 *«
25 Continental Nat. B a n k ..131
73 Amer. Automaton Weigh
ing Machine Co............... 40
20 Manhattan Beach Hotel
& Land Co. pref . . $ 4 per sh.
10 The N. Y. B’klyn &Manh.
Beach Ry. pref................. 65
20 Sixth Ave. RR. Co............ 199*2
Bonds.
$25,000 The Cong. & Empire
Spring Co of Sara. Springs,
R a n k in g
t Including, for Boston and Put; a
— Mr. Isaac N. Seligman, of J. & W . Seiigman & Co., Chair
man; Gustave E, Kissel, of Kessler & Co ; Charles Edward
Bretherton, Carl Jaeger, of Frankfort Committee of Bond
holders; George E. Bartol, of George E. Bartol Co. (Ltd.),
Nicholas Thouron, of N. Thouron & Co., and Samuel G. De
Coursey, President of the company, have been constituted a
committee for the reconstruction of the W t stern New York
& Pennsylvania Railroad Company under a plan which, it is
believed, will protect alt interests and place the affairs of the
company on a sound financial basis. In order to insure a
speedy and economical reconstruction, the security holders
and stockholders are urged to deposit their securities and cer
tificates of stock by March 1st. Copies of the plan and
agreement can be had from the Secretary of the committee or
at the office of either trust company, as named in the adver
tisement in another columD.
[Y o u LVII.
T H E
an d fin a n c ia l.
M E R C A N T IL E
N A T IO N A L
B A N <
OF T H E C I T Y OK N E W Y O tt K .
No. 191 B r o a d w a y .
C a p ita l.
* 1 ,0 0 0 ,0 0 0 1 S u r p lu s F u n d , - * 1 , 0 0 0 , 0 0 4
WILLIAM P. ST. JOHN, President. I FREDERICK B. 8CHBNCK, OaaulSJ.
JAMBS V. LOTT, Assistant Cashier.
A C C O U N T S S O L I C IT E D ,
S
a m u e l
D .
D
a v i s
&
C o .,
BANKERS AND D E ALERS IN INVESTM ENT SECURITIES.
NO. 4 4 W I L L S T ., N E W Y O R K .
Sa m v e l D. D a v is ,
Member N. Y . Stook Exokange.
Ch as . B . V a n N o s t s a n d
THE
D ecember 16, 1863,]
1025
C H R O N IC L E .
Posted rates of leading bankers are as follows :
December 15.
D I V I D E N D S .
Per
Cent,
Name o f Company,
R a ilr o a d * .
Boston R evere Beach & L yon ...
G eorgia RE. <fc BanfeiDg {quar.}.
K e « Castle *k B e iv e r Y al.tq.uar.)
N. Y. N. H & H artford (q a sr.)..
N or th e ra Cen tea1..— . . . . . . . . . . — :
Norwich & W orcester------. . . . . . .
Providence & W orcester (quar.).
Rutland p r e f .* .................
T r o u t C o m p a n ie s .
Franklin* Brooklyn, (q u ar.),*....
K nickerbocker.......... ....................
N. Y. Guaranty Sc In d em n ity....:
M I* e e i i a cl i*o n s .
American Belt Teleph’ne (quar.)
**
“
**
extra.
Chicago Gas tquar.).
Edison Elec. 111. o f Btclya (quar.)
International Bell Tele ..............
M etropolitan Gas o f Brooklyn..
P. Lori!lard pref. (q u a r .)...........
Philadelphia Company Cqu&r.)..
Standard Gas-Light pref. tquar.)
Union PerryIquar ) . . ...............
Western. Union Tele. prof.j guar.i
2^
2%
1%
2*a
4
4
2 hi
2
2
3
7
When
Books Closed,
Payable.! (B a ys inclusive.)
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
’Dec.
l i ------------
to
15 Dec. 31 to
1 Dee. 21 to
Dec. 20 to
— -— -
to
-----------
to
--- —
to
Jan.
---------- to
Jan.
Ian.
Jan.
Deo. 23 to J an. 1
Dee. 21 to Jan. 1
Dec. 2 i to Jan. 1
3 ] JaD- 15 Jan.
1%
1*4
Jan.
Jan.
Jan.
Deo.
:Jan.
l*a iJan.
1
Jan.
1
Jan.
1 J4 Jan.
■f> Dec.
15 Deo.
3 Dec.
30 Dec.
2 Dec.
2 Dec.
2 Dec.
2 Dec.
15 Deo.
1 to Jan. 15
19
31
24
16
24
20
21
21
21
to
to
to
to
to
to
to
to
to
Jan. 5
Jan. 15
Jan. 4
Jan. 1
Jan. 1
Jan. 2
Jan. 2
Jan. 2
Jan. 1
Erroneously reported la our lastissue as common stock.
W A L L S T R E E T . F R I D A Y . D E C E M B E R 1 5 . 1 * 9 3 - 6 P. HI.
The Money Market and Financial Situation.—The week
has been very dull and every one is wanting for further
developments. Primarily, the report of Secretary Carlisle is
the next thing looked for, and as it is expected that the finan
cial poltcv of the Government will be therein set forth, there
is little inclination to operate much in the meantime. The
action of Congress on the tariff and internal revenue measures
will also be awaited until something definite ia assured.
There appears to be a good demand for investment bonds,
and the papers record almost daily some negotiation by which
bankers have taken another lot of municipal bonds at full
prices, and the choicest of these are already selling at better
than a 3 per cent interest basis. One of the great life insur
ance companies advertises its willingness to lend on real
estate mortgages at 3 per cent, and the others can hardly get
higher rates without taking poor security, so the notices of
those sent out during the financial crisis demanding 6 per
cent, even on old loans, will not hold good very long.
There is hardly much reason to look for a revival
of genera! traffic on the railroads for the present, but some of
the"roads are having a good business in special lines of freight,
those carrying cotton and coal appearing to do better than
the others.
The low basis of prices on which the commercial transac
tions of 1864 will start is pretty well shown by the following.
The iron trade Sevifte of Cleveland says : " The beginning
of rail purchases for 1894 is the feature of the week in iron
and steel. The Pennsylvania Railroad is first to place any
considerable contract', and while the 48,000 tons of eightyfive pound rails bought are but little more than two-thirda of
last years purchases, the expectation is that the require
ments for 1894 wilt round up close to the total for !93, The
prices paid were S24 at the three Eastern mills, among which
80.000 tons were distributed, and $25 at the single Western
mill in the pool."
The open market rates for call loans during the week on
Stock and bond collaterals have ranged from 1 to
per cent,
the average being 1l j per cent. To-day rates on call were
1 to 1H per cent. Prime commercial paper is quoted at 3J<£
to 4J5 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £174,055, and the percentage
of reserve to liabilities was 52*99 against 52*38 last week : the
discount rate remains unchanged at 3 per cent. The Bank of
France shows an Increase of 141,000 francs in gold and
228.000 francs in silver.
The New York City Clearing-House banks in their statement
of Dec, 9 showed on increase in the reserve held of 81,882,800
and a surplus over the required reserve of $78,565,425, against
$78,098,t<0Uthe previous week
1893,
Dee. 9.
Ospttal.................
Surplus., . . . . . . . .
L oam oii<1
OtroylaUon.. . . . . .
N et deposits... . . .
S pecie ....................
Legal te n d e rs....
Seserva held.......
Legal reserve—
8 orpins reserve..
60,922,700
71.726,500
412,313,600
13,(502,100
492,802.300
104,900,500
04, SOU,500
199.766,000
133,200,57
Dijferen’sfrom
Frev. week.
1892.
Dec. 10.
1891.
Dm. 12,
$
*
60,422,700
68,233,300
442.500.700
5,336,200
451,040,80.
77,714,600
10,5.56,900
118,271,500
112.761.700
*
59,372,700
61,931,000
417,9*5,100
5,559.600
136.685,200
80.905.900
34.511.900
121,510,800
109,171,300
5,308.800
15.339.500
I n c .2,853.500
Dec.
50,100
In e. 5,437.100
In o. 54P,?0i>
l a c . 1,292,100
In c. 1,832,300
I n o ,1,864,275
76.585,433 to e .
468,525
Foreign Exchange.—Exchange opened very strong for
Sterling and Continental bills on a good demand to matte re
mittances and to effect settle meats abroad. Gold was shipped
early in the week to the amount of $1,700,000, mostly to Ger
many, and after that rates became earner for a few days but
were firmer again Thursday and a trifle easier to-day.
To-day actual rates of exchange were as follows : Bankers’
sixty days sterling, ■! 84’ bgl 81 , : demand, 4 87@4 87J^f;
cables, 4 87}^®4 87Jg.
Sixty Days.
Prime bankers’ sterling Mils on L ondon..
Prime com m ercial............................... ......
Docum entary comm ercial________ _______
PariVbaiikers (francs!..................................
Amsterdam (guilders) bankers...................
Frankfort or Bremen(reiohmarks)tankers
4
4
4
5
Demand.
85 ® 4 80 4 88 ® 4 88**
S 3% ® 4 S4
8 3 is® 4 83%
.............
19%a>5 1 8 % 5 1 7 ts 3 5 1 6 %
40143)40^8 1 40% 8® 40 la
95 ® 9 5 is 1 955s® 95%
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
1 4 discount, selling parffls premium; Charleston, buying 1-16
discount, selling 1-16 premium: New Orleans, bank, par; com
mercial, 81 00 discount; Chicago 75s. per $1,000 premium; St.
Louis, 80c. premium.
United States Bonds.—Quotations are as follows:
Interest Dec. Dee. Dec. Dec. Dec. Dec.
Periods 9.
11.
12.
13.
14.
15.
2s..........................reg. Cj.-Mch. * 95 * 95
95
9 5 19 95% - 95i®
4 b, 1907............... reg, Q.-J an. *114 *114 *11434 M 18V H 13>s *11314
49,190 7............coup Q,-Jan. "115 *115 *115% *114% *)114%
i n . 114%
6s, our’oy,’9 5 .— reg. J. & J. n o 1 % *101 J* 10113*101% '1 0 2 % *102is
6s, our’oy,'96-----reg J. & J. *103 >9 *103:4) 103% *103% *104*9 ‘ 104
6s, onr’c,v,’9 7 ....r e g . J. & J. *107 *107 *107 |*107 *107 *107
69, oar’ey ,‘9 8 ....r e g . J. * J. *110 *110
110 *110
110 *110
J. * J. *112 *112 112 1*112 *112% *112
•TUsU the prloe bid at the morning board: no sale was made.
Coins.—Following are current quotations in gold for coin s:
Sovereigns!........... $1 84 -®$4 90
X aroleons............
3 85
‘is 3 90
X X KeUdimaika 4
25 Pesetas.......... 4
Span. Doubloons.15
Mex. D oubloons.15
70 a 4
75 « 4
55 # 1 5
55 -915
SO
85
75
75
Flue gold b a re -...
par 9 % prem.
Fine silver bars___ — 6 9 % ® —'70^3
Five fraucs ............ — 90 -® — 9 5
Mexloan dollars.. . — 5 6 V a — 57%
Do uncommercial-------® —
Peruvian s o ls .........— 53
English silver.........
® — 54
4 80
TJ.8, trade d ollars.. — 60
@
4 90
-a — 65
United States Sub-Treasury.—The following table shows
receipts and payments at the Sub-Treasury.
Date,
_$
Receipts.
P aym entt.
9
11
12
13
14
15
2,374,798
3,223,638
7.508,647
2.517,560
3,029.088
3,413.170
$
2,159,113
2,606,104
4.911,531
2,320,393
2,949,626
4,013,252
T otal
22,066,901
19,020,109
Dec.
**
“
**
“
“
B alances.
Coin.
61,228,044
61,384,839
63,347,534
63,398,973
63.322,165
62,901,075
Coin Cert's.
537,859
5*20,685
745,243
941,391
94G.4v>7
817,435
Current y
26,595,496
27,013,349
27,423,211
27,372,791
27,529,954
27,474,025*
State and Railroad Bonds.—The Virginia century bonds.
2-Os ot 1991, have sold very actively at rising prices, and sales,
for the week foot up $338,000, at 55} 7 to Sf%, closing at the
latter price on purchases said to be for tne State funds;
812,0)0 S. < non-fundable Ch sold at 1%-1% s $30,000 Va. 6s
def. tr. receipts etpd at 0 (tec.
Railroad and miscellaneous bonds have been dull, in accord
ance with the general feeling in the market for securities.
General Electric debenture 5s nave sold quite freely, closing,
at 74*7, against 71 on Monday.
Atchison bonds have been
among the most active, and their prices close for the 1st 4s
at 7U:; j . but without improvement in the 2d A bonds at 37.
The Reading 4 per cent generals and the 1st pref, incomes
have met with considerable dealings at moderate prices, the
generals closing at 7! % and the 1st incomes at 38%. The
Texas & Pacific bonds are strong on the good earnings of the
road and the 1st 5s close at 76% and the 2ds at 20%, there
having been some talk lately about the holders of the latter
taking -possession of the property under their mortgage. The
Erie 2d consols keep very strong for a bond in default,
closing at 76%, and there must be the expectation of a pretty
satisfactory result under reorganization. Northern Pacifies
remain without much improvement, owing probably to the
continued loss of earnings, but it has been reported that Janu
ary interest on the firsts would be paid. The Mo. Kan. &
Tex. 1st 4s and 2d incomes are among the steadiest of the
South western bonds, on the good earnings of the road. The
St. Louis Southwestern railroad is making large earnings,
probably $5,000,000 gross in 1893, and still the 1st mortg. 4s
sell at 58% under the fear that the company cannot net $800,000 every year to pay its interest.
Railroad and Miscellaneous Stocks.—1The market has been
very dull and without any points of striking interest. The at
titude is a halting one, and little activity i s looked for during
the balance of this year. Stocks are pretty steady as a rule,,
and the dull business has not led to large concessions in price.
The railroad reorganizations are progressing but slowly in
consequence of the paralysis in business, which give3 only a
wretched exhibit of earnings as a basis on which to formu
late new plans, and it would be unjust to holders of stocks)
and junior bonds to take this period as a standard of what,
railroads can earn. General Electric has been the best featurethis week, selling above 39 on good buying, which was said to
be based on a much better view of the company’s future
prospects ; it closes at 88%. Atchison was steady after the
bear attack of last week, but closes down to 18% in the
apathy of the market. St. Paul, Burlington and Rock Island
all close a trifle lower than last week. There has been the
usual trading in Chicago Gas, Western Union, Distilling &
0, F., New England. Sugar, and Lead, without an important,
point regarding any of them, beyond the fact of easier pricea
as a rule, and the decline in Western Union net earnings for
the quarter,‘ though the usual di vidend of 1% per cent was
declared.
1026
THE CHRONICLE.
[V ol. L V II.
N EW YORK STOCK E X C H A N G E — AC1IVE STOCKS for week ending DECEMBER 1 5 , and since JAN. 1, 1 8 9 3 .
H IG H E ST AN D LOW EST PRICES
Saturday,
Deo. 9.
19
*2
*73ifi
*73 >2
54
*118
19
*138
78 7g
Monday,
Dec. 11.
Tuesday,
Dec. 12.
1
19 %
18% 19%
*2
2%
*2
*72
74
72%
73%
*72% 7 4 %
53 % *52%
*53
117% 116
117
18% 19
18 34
*13.8
*138
79 >1 7 7 % 79
77%
19%
2%
74
75%
54
L19
19
Wednesday,
Dec. 13.
Thursday,
Dec. 14.
STOCKS.
Frid ay,
Dec. 15.
20%
19% 20
1S%
19% 19%
*2
2%
2%
*2
2%
*72
72 %
72
72
*73
74
74
7 4 % *7334 74% *7 3 %
73%
53%
54
53%
54
5 3 % 54%
117
us
LIS *116
a 10
L1H
19
18% 19%
19
19
18%
138
L38
L41 *138
140
7 8 % 79
78%
78%
78
78 %
A c tiv e R K . S to c k s .
19% Atchison Topeka & Santa Fe.
2%
73% Baltimore & O hio......................
7 4 % Canadian Pacific........................
5334 Canada Southern......................
117
Central of New Jersey.............
18% Chesapeake & O., vot. tr. cert.
78% Chicago Burlington & Quincy
9 9 % 100
99% 9 9 %
100
62% 63%
63
62% 633s
62% 63%
61 % 6234 Chicago Milwaukee 6c St. Paul
64%
63%
119
119
1 J8
118 *117
LI 9 *117
119 *118
119
Do
pref.
119
103% Chicago & N orthw estern.......
105
103
104
103
1 0 3 % 103% 1 0 3 % 104
103% 104
138
673.1 68% Chicago Rock Island & Pacific
67% 68%
68% 68%
68%
69%
68
67% 68 %
38
38 Chicago St. Paul Minn. 6: Om.
37% 38 % *38
38%
38
38%
38 %
38%
38
*115% 118
117 *115
117
115
16% 116
116 *116
118
Do
pref.
38 %
3734 38% Cleve. Cincm. Cliic. & St. L . ..
37% 38
3 7 % 38%
38
38 %
38 % 38'%
so
90
..........
89
89
89
89
2134 2134 * 2 1 34 22
*21
21
21%
21% 21 % *21% 22 Columbus Hocking Yal. 6c Tol
21 %
*.66
69
*66
69
*66
69
*66
69
69
Do
pref.
*66
*66
69
13234 1333g 1 3 2 % 132% 133
199% 1 3 3 % 1335ft
133% 1
1
6
5
%
165%
*166
1
6
3
%
166%
163
166
*163
1
6
4
%
1
6
4
%
16
l
s4
Delaware
LackawaDna&West
168
11
11
*10
*10
*1 0 % 10% *10
11
323g 32%
31% 32%
Do
pref.
31 % 3 1 %
31% 32
31 % 32
3 2 % 33
*%
% East Tennessee Y a. 6c G a .......
*%
*%
*%
%
VS
%
"%
58
"Hi ■ -V
15
*5
15
15
*5
*5
15
-5
*5
15
15
Do
1st pref
*5
5
*1
*1
*1
*1
5
5
*1
5
5
*2
5
Do
2d pref.
65 Evansville & Terre H aute___
6 6 % 66%
65
*68
70
65
65
66% 66%
6 6 % 66 %
106% 106% Great Northern, p ref...............
*105
110 *106
110
105
107 *105
110
110
*105
93 Illinois Central..........................
92% 92 %
93
*92% 9334
93
93
93
93
93
93
8
*7%
8
*7%
S
8
7%
7%
734
8%
8%
Iowa Central..............................
734
2534
2534
28
*27
29
29
*26
27%
*27
Do
pref.
26 % 26% *25
1 6 34
16 »4 *15% 16% *1 5 % 17
26% Lake Erie & W e stern ...............
1634 1634 *16
*15
*16
67
67
*67
67
64% 66 34 *64
67
69
67
Do
pref.
*64
(58
12634 127
127
127
*126% 1 2 7 % 12638 126% *126% 127 Lake Shore 6c Mich. Southern
127% 126
101
104
101
*1 0 0 % 103
101 *100
101
102
102% 101% 1 0 1 % Long Island.................................
493s 5 0 %
5 0 % 5 0 34
4 9 % 50 %
50
4 8 % 4 9 % Louisville 6c Nashville.............
50%
4 9 % 50
103 q 10%
10 Louisv. New All). & Chicago.
10
10
10%
10
- 9 % 10
*9% 10
10%
*
*
*
2
5
*1
*1271412734 127
127% 127 127
129
128
129% x l 2 7 127 Manhattan Elevated, consol..
129
1 0 0 % 102 Michigan Central......................
‘ 101
101% *1 0 0 % 102
101% 10134 *100% 102
1 0 2 % 101
123a 123s *12
13% Minneapolis 6c St. L ., tr. rects.
12
13
1 3 '13 % *12
*12
13 >4 *12
35
*34
36
35
*35
*33
36% *34
3 5 hi 3 5 %
39
36
Do
pref.. tr. rects.
1334 13%
13% 14
14
13 % 13%
14
*13% 1-1% *13% 14% Missouri Kansas & T exas___
24 % 24%
2 5 % 25%
2 5 % 2 5 % *2 4 34 253s *24% 2a
2434 2 5 %
Do
pref.
2434 25
24 % 2 4 % 'Missouri Pacific..........................
24% 25
25
25
24% 2 4 %
2 4 % 25
21
*19
21
*20
23
21
21
20
”18
*18
21
Mobile
Ohio.............................
*18
80 N asliv. Chattanooga^ St. Louis
*70
*70
80
*70
78
*70
78
*70
78
*70
80
102 New York Central & Hudson.
102
102
102
1 0 1 % 1 0 1 % 102% 102% 102
1 0 2 % 10134 102
*15% 16%
*15
16
16
*14% 16 New York Chicago 6c St. Louis
15% 16
16
16
*15
69
*65
70
; 66
*66
70
69
*66
*66
Do
1st pref.
69
*65
09
*31
33
*30% 33
*30% 34
*30% 32
*31
34
3 3 % *31
Do
2d pref.
1434 1434
1534
15%
15%
153e
15%
- 1 1 % 15
15%
153g
14%
New York Lake Erie & W est’n
3234 33 3g * ,
32
32
34
3 0 % 30 34
27% 23 VN evr York & New E n glan d ...
2S5§ 30
28 % 29%
27 % 30
2 9 % 30 %
194
198 New York New Haven & Hart.
*197 200
*195 200 *195
196
200
196 *195
198
*99
63io
118
104 i.i
138
681a
38%
*1 1 5
38is
99
17
16 %
*47
17
16 %
48
16%
16
47%
17
16%
47%
16%
*16
*46%
-6 %
22
6 34
223g
*2i
6%
21%
6%
21%
21%
6%
21%
50
*20
32
*27
8%
*6%
OS*
‘ 6%
21 %
20%
15 %
15
51
48%
3
12%
50
32
7%
7
21
15
49
3
*20
*27
*6%
*6%
20
*14
*47
J2%
*20
*27
*6%
6%
'2078
*14
*4 6 ^
53
17
16%
47%
16 34
1534
*46%
21 lo *21 5q 22%
0%
G%‘
6%
2 2 % 22%
22%
21%
*6%
22%
17%
16% ’
48
16 %
16
47%
*20
50
32
*28
8k>
*6%
7
6%
2 1 %' 20
14% *14
51
48
2%
+3
50
35
8
6%
20%
15%
48
3
*20
•28
6%
19%
*14
*46%
*12%
16 34 1634
16% ■16
46 %
47%
16% Nt w York Ontario 6c Western
16% New YorkSnsq.& W est., new.
47
Do
pref.
*21
5%
21%
5% 'N ortliem Pacific............. .* -----2134
Do
pref
21%
6%
22%
*20
50
27
35
*6%
6%
6%
53i
20=8
19%
*14
15
50% ' *46%
:234
2%
*
50
30
7
6
203s
15
50
2 a4
1434
Oregon R ’y & Navigation Co.
Oregon Sli. Line & Utah North
Peoria Decatur & Evansville.
Philadelphia 6c Reading.........
Pittsburg Cinn. Chic. & St. L.
Do
pref.
Rich. W . P. Term’l, tr. reets.
Sales of
the
Week.
Shares.
27,323
Range of sales in 1893.
Lowest.
12 %
1%
210 54 %
500 66
1,187 34 %
394 84
3,309 12%
67 126
46,389 6 9 %
51
110 85
135,386 4 6 %
280 100
9,878 8 4 %
65 128
14,541 5 1 %
3,910 24
225 94
4,281 25
50 74
700 11%
59%
1,578 102%
1 ,322 127
July
July
July
July
July
July
July
Aug.
July
Aug.
Aug,
July
July
July
Aug.
July
July
Aug.
J uly
Oct.
Aug.
Aug.
July
July
>4
+22
* These are hid and asked; no sale made.
|| Old certificates.
t First instalment paid.
31
25
27
27
27
26
26
16
26
21
17
26
26
26
18
31
26
23
26
16
2
2
26
27
36 % Jan. 16
29
9 7 % Jan. 24
9 0 % Jan. 16
58 % Jan. 16
132% Jan. 21
25
Apr. 6
145io Feb
1
1037s Jan. 21
25
105 Jan 23
8 3 % Jan. 23
126 Jan. 23
116% Feb. 1
20
8 9 % Jan. 23
5 8 % Feb. 9
121
Feb. 3
6 0 % Jan. 23
30
3 2 % Jan. 19
7334 Jan. 17
139 Jan. 27
175 Nov. 3
1 ft3ft ja u . 21
3 ,600 24 July 19 57 % Jan. 23
5 % Feb. 4
% J uly 3
10 June 3 35'% Feb. 3
2 J uly 7 11 % Feb. 3
3,321 63 Sept, fi 152 Jan. 12
700 100 July 27 142% Feb. 7
684 86 July 18 104 Jan. 25
375
5 July 25 11 Jan. 25
204 12 July 27 37 Jan. 16
50 12 % July 27 25% Jan. 14
400 53 July 31 82- Jan. 18
2,171 104 July 31 1 3 4 % Apr. 8
971 9 0 July 27 1 18% Jan. 21
9 ,970 4 3 % Oct. 10 7 7 % Jan. 21
885
8% July 27 27 +Tan. 14
16
2% Nov. 27
2 ,315 100 July 26 1 7 4 34 Jan. 13
280 7 9 % Aug. 21 108% Apr. 8
6 Aug. 3 1! 19 % Jan. 14
100
200 18 July 31 1,49 Jan. 16
8 July 19 16 Jan. 25
1,200
4 ,407 1 3 % July 27 2 8 % Jan. 16
2 ,930 1 6 % July 26 60 Jan. 21
6 % July 26 37 Feb. 18
10
55 Aug. 14 9 0 Apr. 18
3 ,844 92 July 26 111% Jan. 25
300
9 % July 18 2 0 % Apr. 8
45 J uly 26 78 Jan. 23
18 July 26 41 Apr. 5
7% July 26 2 6 % Jan. 25
4 ,465
24
15 July 26
16
% July 31 52 % Jan. 17
45,3 7 0
75 188 Sept, 28 262% Jan. 18
8 Aug. 3 1 1 36 Jan. 24
3 ,135 11 July 18 1 9 % Jan. 20
|
|
8 July 27 |!2 1 % Jan. 23
1,110
150 31 Aug. 18 j|7 3 % Jan. 23
9 ‘% Jan. 10
5% July 31
200 16 % July 19 3 9 % Jan. 23
3 % Aug. 19 1 8 % Feb. 14
705
2,189 15% Aug. 16 5 0 % Feb. 6
11 July 22 25 Feb. 1
25 May 16 49 Jan. 25
10 25 % Oct. 19 8 4 % Jan. 23
5% Oct. 19 25 J an. 16
50
4 July 26 18% Jan. 21
1,900
31,260 12 J u l- 29 5 3 % Jan. 25
100 11 % Aug. 2 21% Jan. 24
300 4 0 July 27 62 Jan. 24
t% Aug. 10 ||12 Feb. 3
2,219
10 Aug. 24 1143 Feb. 6
10 Oct. 5 22 Jan. 25
40 Sept. 6 6 2 % Jan. 28
734 Jan. 18
3% July 31
6 July 26 15 Jan. 18
132
Aug. 19 4 7 % Jan. 18
50 22
200 88 Dec. 12 108 Jan. 30
600 95 July 27 116% Feb. 14
2,904 1 7 % 8 e p t. 15; 3o % J a n . 16
4 % July 28 11 Jan. 19
1,100
7 Aug. 9 4 0 % Jam 31
5
2 2 % Aug. 29 50 Jan. 17
67 Sept. 11 80 Jan. 7
7,432 15 % July 26 4 2 % Jan. 27
500
5 July 26 18 % Jan. 16
1,010!
5 % July 31 1 2 % Feb. 9
9 % July 26 2 6 % Feb. 7
3 ,030
700 10 July 26 2 3 34 Jan. 17
2,55o 31 .July 27 67 % Jan. 17
4 % Aug. 16 j 15 % Jan. 23
5
5
5
*4
5
5
*4%
*4
*4
*4
*4
*9
9%
9%
Do
pref.
*9
9%
'9
9%
*9
9%
9
9
934
*2615 29
*25
*25
28 St. Paul & D uluth......................
28
*25
27
*25
27
25
25
90
Do
pref.
*85
*88
90
90
89
*85
88
88
*88
*85
90
105
*104
*105
105
105
108 St. Paul Minn. & M an itob a...
108
107
'1 0 5
107
*105 108
223s
22 %
22
2238 Southern Pacific Co...................
22
21% 21%
22
2 0 7e 2 1 %
2 0 % 21
SI,
8% Texas & Pacific..........................
8%
8
8%
8
8
8%
8%
*8
8%
'4
>7
*7
*7
*7%
8 Toledo Ann Arbor <fc N. Mich.
8
8
8
7"4
7%
*7%
*3 8
45
45
*38
45 Toledo & Ohio Central.............
‘ 38
*38
45
*38
45
45
*38
■"'70
80
Do
pref.
80
*70
80
*70
*70
80
*70
80
80
*70
2 0 % 2034 Union Pacific..............................
21% 21 %
20% 20%
2 1 % 21%
21
•20H 2 3 %
21%
(>
Union
Pacific
Denver
6c
Gulf.
7
*5
6
6%
*5%
6%
6
6%
*5
6
7
7%
7%
7
7
7%
7%
*7
7%
7% W abash..........................................
*7 %
1 5 % 15%
1534 16
Do
pref.
15% 16
1 5 % 15%
131% 16%
15% 15%
*1434 15
1434 15% *14% 15
15!5* 15 %
15
15
14% 14% 'Wheeling 6c Lake E rie.............
511*2 52 %
503g 5 1 %
51
52
*50% 51%
Do
pref.
51 % 51 %
50% 51%
*6
*6
6%
6%
*6
6%
M is c e lla n e o u s S to c k s .
2934 29%
3,170 24 July
29 %
30
30 American Cotton Oil Co.........
29
2934 30
‘2934 2 9 %
2 9 % 29 %
934 50 July
*67
69%
69
6 8 % 68 y4
68 % 68%
Do
pref.
6 7 % 67 % *67
67% 6834
82 % 8 3 % x 7 8 % 80 %
83
7 9 % 80%
83%
7934 82 % American Sugar Refining Co. 132,939 6 1 % July
8 1 % 83%
2 ,454 6 6 % July
83 s4 84 %
82 % 83
Do
pref.
83% 83 % x 8 1 % 81%
823s 82%
S314 83%
4 ,096 43 July
•72 % 7 4
72
74
75
78
76
75 % American Tobacco Co.............
78
7 4 % 78%
1,078 75 July
’*89
90
90
92
92
92
Do
pref.
90
90
92
90
91
6734 68 Chicago Gas Co., trust ree’ t s .. 66,289 3 9 July
6G7a 6 7 %
05 % 66 %
60% 67%
6738 6 8 %
6 5 % 67
8% Aug.
100
12
*9
12
*10
•9
11
*10% 12
*9
Colorado Coal & Iron D evel..
11
11
11
1,435 1 7 % Aug.
24
23
23%
24 % 25%
26
26%
26 % 26% *25% 26% Colorado Fuel & Iron ...............
2,950 108 July
128
‘128
126% 125% 125% 1 2 5 % 126% 127
129% Consolidated Gas C om pany..
127 1 2 7 % 126
27 % 3 0 %
27% 29
27 % 28%
28 % 29%
2 8 % 29
27 % 29% Distilling & Cattle Feeding Co 76,800 12 July
3534 39
33% 35%
35
36%
37 % 38% General Electric Co.................. 86,3-12 30 July
33^8 3 4 %
37% 39%
1,373 17 Aug.
120
20
: i o % 19% 119% 19% +19% 19% :2 o % 20% *11034 20 % National Cordage Co., n e w ...
6 0 7 1122
A U g.
48
142% 4 2 % 143% 4 3 % +42% 42 % ;4 4 % 44% 145
Do
pref.
*40
46
8,910 J8% July
24
24
22
24%
23% 23%
24
24%
24 % 25
National Lead Co......................
21% 21%
5,491. 48 July
*64
65%
Do
pref.
69
71 • 6 8 % 69
65 % 69
09
70 %
GS% 6 9 %
150
2% Aug.
■•*4*2
4%
4%
*4%
4%
*4%
4% North American Co...................
5
4%
4%
4'%
*4%
8 Aug.
200
17
*16
1 5 % 15% *14
16
*15
17
*14
16
15% 15% Oregon Improvement Co........
8% July
125
*15
16
14% 14% *14
16
*14
15% *14
15% *14
15% Pacific M ail.................................
5 ,0 0 0 5 2 % Jan.
77 % 7 7 % *78%
*77%
*79
Pipe Line Certificates.............
*'78%
*7 9 %
132
Aug.
371
*172
175
170
174
171
171
*171
Pullman
Palace
Car
Company
173
173
173
1 7 1 % 171%
62 June
10%
Aug.
i,7
7
6
17
17
1G% 1634
16% 1 6 34 *16% 17
16% 16%
Tennessee
Coal
&
Iron.............
16% 16%
59 July
Do
pref.
i,5 4 7 17 Aug.
*41
44
42
42%
44% 45
United States Rubber Co........
45 %
45
45%
45
46
873 q 80
S*3ft
89% 90
873^ 88
58,7 6 8 6 7 % July
875«
87 % 88% Western Union Telegraph —
8
714
Highest,
t 2d instalment paid.
26
26
31
31
31
31
31
29
15
27
31
29
25
*23
27
26
16
2'
27
18
1
28
10
31
17
26
5 1 % Mar., 3
8 4 Feb. 14
134% Feb. 6
104% Jan. 19
121 Jan. 3
1 1 0 % Jan. 3
9413 Jan. 21
2 5 % Feb. 7
72
Feb. 14
144 Jan. 20
66 3s Jan. 3
114% Jan. 16
||147 Feb. 10
118% Jan. 20
52 % Jan. 21
96 Jan. 20
l l 7s Mar. 24
21% Feb. 9
27 % Jan. 3
7 7 % Dec. 4
206 Apr. 12
84 % Jan. 18
3 7 % Jan 14
102 Jan. 31
60 % Apr. 18
101 Jan. 20
IT Lowest is ex div.
THE CHRONICLE.
December 16, 1893.]
1027
BOSTON, PHILADELPHIA AND BALTIMOKE STOCK EXCHANGES.
r a r S h a re P r ic e * — n o t P e r C e n tu m P r ic e s .
Active Stocks.
Saturday,
Dee. 9.
1 Indicates unlisted.
A cell. I . & 8. Fe (Bostonj.100
19%
*2
Atlantic A Pan.
“
100
Baltimore ,v Ohio (B aU .j.100 *72
1st: preferred
“
100
2 d preferred
“
10 0
17%
Baltimore Trae'n.ifJ“AtI.j. 25
r 105
Bo ston & Albany ( Motion
^187
Boston A Go w ell
“
141
Boston A Maine
"
Central o f Maas.
“
100 *13%
Preferred
“
7 *%
Ohlc.Bur.AQuln.
“
63%
20
19%
2%
74
Tuesday,
Dee. X2.
lS "s, 19%
19%
■71
73%
37%
*110
Preferred
“
Old C olony___ ( Button).
F e u u r lT M lt .. t l ’hxla.j.
Ptiflffdel. A Erie,
“
Phlla. A Reading
“
Philadelphia Truo. **
Summit Branch (B ottom .
Union Paeitte
'•
DBWM5eUane.nl* * t o c H * .
A m .S a g ’r K e flQ .r f B o s t o n ).
P r e f e r r e d ...........
«•
*•
"
"
ComolW atr.l Gas
Erie felepitoue (X
Oeneral Kleetrle..
Preferred...........
Lulu son sto re s«r,
L ett'hC oaiA Xftv ' m u .,
■ifm t.find ■Land. ( HotCn).
* Bid and
In a c tiv e S t o c k s .
20%
19%
2h
724a 72% *.........
U 25
•'2
Thursday,
Dee. 14.
£0
1938 16%
73%
72
2
20
50%
30%
33%
50%
37%
20
20
70
79
*50
50%
37%
*110
112
51
39
112
1 0 % 1 0 » t,
97%
10 % 10 %
96% 93%
97%
i 0 %« 1 0 %
97
97%
2
72%
112
Sales
Friday,
Dec. 15.
18%
*2
*72
*125
*112
17
•203
17
17
17 H 17%
205 205
205 205
1R5 187
188
110% 141
140 14134 *140
'1 3
....... . *13%
*13
48
48
*48 . . . . . .
*48
78% 79
78% 78% 78%
62% 63%
03
63%
61%
17%
17% 17%
205
205 205
187
141% 141% 142
. . . . . . *13
14
48
48
48
79
78
73%
63% 6 2 ^ 63is
104
L04
106
103% 105
*0%
7%
6%
6%
6%
6%
30% 30%
30
30%
23% 2 9 ^
62
* ........ 62
*53
60% 69 Jk
(3% 6 m
6%
6%
0%
218* 2 2
22
22
%LH
22
176 170%
176% ITT
177 177
40% 50
49% 49%
49% 50
106
N. Y. A X . Erie
Preferred___
Wednesday,
Dec. 13.
112
17%
17%
205
205
188
187
141%
142
*13
___
48
79%
77%
62%
64%
**62% ........ •*62% . . . . . .
*2 % .........
*2 % . . . . . .
70% 79%
79 . 79
Cleve. A Canton
• Preferred___
Fitchburg prof.
Hunt. A Br. Top. (
Preferred
Lehigh Valley
Bell T eleph on e.,
Boss A Montana
Butte A B oston..
Calumet A lic c ia
Monday,
Dee. 11.
*•50 . . . . . . **50
*2^4____
2 '-a
78
78
78
78%
51% 61% ’ 51*3
375, 3 8 % 37%
110
1103
104% 104% 105
3%
6%
'6%
£7^4
28% 29
60
55
*69
70
6%
6%
0%
2 1% 22%
22%
17 0% 176% 175
*15% 49%
43%
*........ 25 *
10
10
10 %
95*8
97
97
110
*6
19%
. . .
73
115
17
205
187
.........
.
.......
78%
62%
*‘50 . . . . . .
*2 ^
.
*........ 78
51
51*8 51*2
37%
37% 37%
109 *106 109
105% 105 106 Ha
“6 % 6 %
0%
30
27% 28%
55
50
53
*69
70
6%
6
6%
2 2 is
2 1% 2 1%
176
. 177
13%
48% 48%
25
1 0 % io ir e io.*;»
96
95
95%
8
21
20%
20% 20%
2 1% 2 1%
2 1%
20 % 20%
2 1H 2 1%
230% 230% 230% 230Ha
232 -230 232 42 30 232 *230 232
*
2
%
2
%
2
%
2
%
2
%
2
%
2
%
2
%
2%
2%
2 %
3%
20%
230
>j
!
S3
83%
i 1SS
28%
9%
*300
r60
51
42%
. 34
1 60
3 “ 16%
j 52%
')■ 52
Bange o f sales in 1893.
Lowest.
EiS
79% 80
79%
787e 80%
83%
81% 33% ’179% S3
82
82% 1131% 83
81
81
82
83%
82%
84%
189
191
188 190
190^ 191
190 192
190
188
27% 27% “27% 278s *27^
28%
27% 27%
27% 27%
9
f>
9%
9%
9%
•9%
•9 %
9%
9%
9%
300 300 “ 295 303 X296 290 *295 300 *295
305
*60
68
. . . . . . *00
83
*61
.... ' *60
*63
54% 54% *5 4 %
54% 54%
54% 54Tj
54
54
54%
-1231 42% *42
42 m 43
42
42
*42
43
43
34
35
35
361% 3 5 g 3 8 A 37% 3 9 Hi 37%
34
64
63
63 1 63
63
60
60
GO
*60
*62
16
*16
16
'1 6 % 17
*16% 17
17
*16% 17
52^
b
l
h
b'2-%'
52%
52% 52%
62%
52% 52%
53
51
52
53
52 j 50
53 i 51
*52
52
52
11
,
13% 14
si ao sat© was mad©.
Bid.
Ask.
14
13*4
1 13% 13%!j
If L ow est Is Jax dividend
13
Inactive stocks.
Bid.
13
82% 21.208 62 July 31 134% Feb.
1,472 66% July 31 104% Jan.
85
902 166 July 26 212 Jan.
191
1,305 15 July 18 34% Jan.
27^3
9%
5 July 27 12 Jau.
920
300
22 247 July 31 320 Jan.
70
62% Oct. 30 72% Jan.
420 50 July 27 65 Apr.
54%
42^
342 36% Aug. 10 50% Jan.
38% 15,181 32% Dec. 6 114% Jan.
65 4 l Aug. 23 119 Jan.
65
16 Hs
114 12% July 26 26% Feb.
52%
727 46% Aug. 24 54% Feb.
52%
41 47% d ig . 12 61% Jan.
2% Aug. 16 11% Jan.
2,892
9% July 27 18 Jan.
13% 13%
Ask. |
Bonds.
Ferkiombu, 1st ger., 5s. 19IS, Q—J
P rm * o f Dec ember 15.
I
I f - . . . . 70 1Hilda. & Erlegeti. M. 5g,,1920, A&O
So
M lM isa <* Ckmtou** {Bau.} .100
2d 2 % -i?, sc., C-lasS A .. 1980, AScQ ......... 38 , Gen. m art, 4 g .......... 1920, A&O
Button Sr Pmvifieocfc} iMos'.mt). 100; 252
Boston United Gas 1st 5s___ _____ f 77
78 1Piltla & Read, new 4 g „ 1958, J<feJ
Camden & At&atSo pL (PkilaJ). 50; 20
5 I 2d m orf. § g ..................... ...1 9 3 9 ? 56
66% ‘ 1st pref. Income, 5 g, 1958, Feb 1
C *t*w i smx. . . . . . . . . . . .
“
50
in p t
|113% 114 i 2d pref. incom e, 5 g, 1938, Feb. 1
52% 53*4
l i t praforred
“
50
a 03
.....
51
3d pref. Income, 5 g, 1958, Feb, 1
.191
iil p t e f f e r r © 4 . * ' 4
50;
2d, 5s............................1933, A&O
j . .....
Cantral Ohio. - . . . . . . .
iBuH.i. 50
Consol, m ort. 7a.........1911, J&D
5 10 2
Chari. CoL Sc Anmhtm
**
100
Consol, mort, 6 g .........1911, J&D
hoo
Qm m m U m t & P m s. ?Boston). 1G0J 20
S 99% 10 0 1 Im provem entM . 6 g ., 1897, A&O
B ltrer...
“
1001 2*20
Con.M .,5 g.,atiunped,1922,H&N
:Chic. Burl.ifc Quincy 4 a ..19*22, FAA 5 87%
IMtewwreStBound B r .(Phtltt,>.100i 155
15
Phi!. Read. & N . E. 4 s ............1942
Iow a Division 4 s . . . . .1919* A AO ]5 92
Flint At Per© Ma rq. . , {Mmlmi ). 100 • 23
,Chic. A W.Mich. gen. 5s, 1921, J&D § 81
40
45
rncomes, series A . . . .............1952
81%
P r© f«fr«4 ... . . . . . . .
**
100
Incom es, series B ..................1952
ConaoL o f Vermont, 5a. 1913, J&J 5 90
Har.Porta.MLJ o L . (PhUu,). 50; 82
60
I t o , f l y Ft, 8. Ss Mam. (Motion) ,100
........
Pitta. O. & St. L., 7 a ....1900, F&A
Preferr©*!. . . . . . . . . . .
**
100;
Po'keepsie Bridge, 6 g.1936, F&A
I* astern 1st m ort 6 g.,190(3, MAS! SI 18
K. G ttyM em ** Birm.
»
ICO
8chu.vl.K.E.Slde,lst5 g.1935, J&D
f ree.Elk. A M. V.,1 st, 08.1933, A AO §120
Little Schuylkill....... {P hilo,}, 501
Steuben. & ind., 1st m.,5a. 1914, J&J
Unstamped 1st, 6 s .. . .1933, A AO >117%
Mazuslieeter <k L a w ,, (Boston). 100'
United N. J . , 6 g ............ 1894, A&O
M aryland Central___
{ Balt,) 501
|K.C. C.A. Spring.,1st,5g,,1925, A AO §t....... 75
"Warren & Frank.,1st,7s,1896,F&A
Mine H ill * 8. Haven {Fhilu,). 50) 70*s . . . . . . K C. P .8, A M. coll. 6s, 1928, MAN 5 82%
KLC. Mem. A Bir., 1 s t 58,1027, MAS § 15
2Tesqnehoiiiu jr V a!.. . .
“
50
.......; 55
m uJAJ
K.
C. St. Jo. & C. B., 78..1907,
Nortaern K. f t , . . . . . . . (Boston). 100
A t l!^ i& iflS ? l| 9 0 7 ,J & J
S3 ! L. K oek& Ft. S., 1st,7 s.. 1905, JAJ
N orth Pennsylvania. (Phikt,). 50
S : :Louis.,£v.& St.L.,1st,0g.l926,A A O 5 103 104 | Incom e 6a__________ 1900, A&O
6%
OfQgDB 8!iori Line. . . f Boston). 100
B altim oreBelt, 1st, 5 s.i9 9 u , m &n
44%
Pennsylvania & N. W. tPhita.) 50
2m., 5—0 g — ---------- 1936, A AO
Baltimore & Ohio 4 g ., 1935, A&O
Mar, H , A Ont., 0s....... 1925, A AO A
B a l l a m l . . . . . . . . . . . . . . {Boston}, 100
iMexican Central, 4 g ...l9 1 1 , J&J § 49
49*0) Pitts. & Conn., 5 g ...l9 2 5 , F&A
P re fe r r e d ..... . . . . . .
100
Staten Island, 2d, 5 g.1926, J&J
1st consol.incoxDea,3 g, non-cum. 5 10
02%
©aboard St Roanoke. (Ball.) 100
d i %;
2d consol. Incomes, 3s, non-cum. f 6
0 % Bui.&Obio S.W.,lai,.4 .2g.l990 , J&J
la p r e f e r r e d ........
*•
100
CapeF.&Yad.,Si.r- a .,dg,19L6, J&D
•N. Y, A N.Eng,, 1st, 7s,1905, JAJ * §115
54%
West E nd....... ........... .^Boston). 50;
1st mort. Ga...... .........1905, JAJ §105
Series B., 6 g ___......1 9 1 6 , J&D
80
P r e f e r r e d ...........
“
50
Series C „ 6 g ............... 1916, J&D
2d m o r t 6 s .. . . . . . . . . .1902, FA A
99%
54
W est J e r s e y ..... ..... (PhUa.), 50
Ogden. AL.C., Con. 6a.. .1920, A AO |........ 105 , C ent O h io ,4 % g .............1930, M&S
West Jersey Ac Atf&n,
14 . m 08....... .......1 9 2 0
. . ... . Chari. Col.&Aug. Ist7 s-1 8 9 5 , J&J
estern M a ry k a L .
(Balt.) . 50
10
§ i0 9 "
Ga.Car. & Nur. 1st 5 g .. 1929, J&J
100
110
m. CoL & I agasta
**
North. Cent. 6s................ 1900, J&J
........ ; 2d, 5s....... .1 8 9 8 ,FAA
§198
raiogt’ a Sc W eid on'
**
10 0
6s................................... 1904, J&J
6
Wteeo&Atn C entral... (Boston). 100
Series A , 5s.................. 1926, J&J
107 Ha
100
Preferred.. . . . . . . . . .
i(
4%S.......
1925, A&O
Wore*«t*Ni*sh.ifeEoch,
**
100 115 125 1■AtiuuUc City 1*5 5s, g., 1919, M «S 100 1 0 0 %
P ieam .& Ctm i.,lst, 5 g.1911, F&A
iBclvi'iere D el., 1 st,6 s.. 1902, .I.yD
msmm htM goes.
Pitts. & Connells. 1st7 s .1893, J&J
•50 :( atawlasa, M .,7 *.........1900, F&A 112 "
25 •40
Virginia M id., 1st 6 s .-.1906, M&S
Clftiulleld
1*5,6 ».1 9 2 7 ,J * J 118
25
1 1 % 12
b ov
2<t Series, 6s................. 1911 M&S
. . . . . . CuimectHig, 6 s........ 1900-04, M&S
117
City Passe over HR.
(B m ,). 25
3d Series, 6 s— ......... 1916, M&S
. 50
7%
8% Del. <k B ’d BFk, 1st, 7a. 1005, F&S. 124
B ay State
4th Series, 3-4-5 s,.,..1 9 2 1 , M&S
3 % . . . . . . liHston <feAm. 1 st.W.,58.1920, M&N 106%
10
Boston Land. . . . . . . . .
5th Series, 5 s .--------- ,1926, M&S
1 15
>r. A: Wniu.,1 A Ob. 1.910,
3%
4
10
C en ten n ia l M ia tn g ...
1 0 1 % 102 i West Y*a C. & " 1 s t,6 g . l 9 i l , j & J
Hunt. & BFd'Xop,U oa,5a.'95,I
3 % ......
25
P o r t W-jyme E lo o ttie f
Wort'AN.C.
Consol. 6 g.1914, JtfeJ
107
25
12% Lehigh Nav. 4 % -......... .191.4, (
P r a a tiin M .i» l» § .* . . .
Wilm. Coi. & Aug., 6 s.. 1910, J&D
2d 6«, gold .................. 1897,.:
103%
3%
3%
5
P f«n c.h m ’a% B a y t/ m i
MISCELLANEOUS.
__ _ . i Ceuerui m ort, 4%a, g.1924,%
101
100
50
I llin o is S teel . . . . . . . .
Baltimore—Ci ty H b.116 s . 1900, Q—J
s : :Lehigh Valley, 1st 6S...1898, J.«B 107
25
7 %
MBmfmwge ^Unlnr. . . .
Funding 8 s - - ...........,1 900, Q- - J
f 2d 7a.............................10*0, \f.(,n 130is
M orris Canal €tiar, 4 . «
JO0 80
West (darjrl'O R B . 6 s ..1802, J&J
...... m %
Consol. 6 ............. ......1 9 2 3 ;
Preferred giiar* 10,
100 185
W
ater o s .. . . . . . . . . . . .1916, M&N
j ICH'J
. 25 29% 30 1
Funding 5 a . . . . . . ........1916, M&N
......... 127
Pall mao Palace Car..
100 1.72 Hb 173 1
E
xchange
3% s......... ...1930, J&J
Pennsylvania
g
126is
.......
Qsinoy Mini iiie*.
25 1 2 a 128 ]
Consol, 6s, e
110 Ha . . . . . . Virginia (8teite)3s, uew .lb'32, J&J
Tvmmmt
tm k MI «i n k . . . .
**
2ft 115 119
fjhesapeaJte
Qaa,
6 s .. . . .1900, J &D
113% . . . . . .
5 9 % _____
U at te d t>as I m |it*
C7 A U.).
Consol. Gas, 6 s ------ 1910, J&D
W a te r P o w e f . . * . * * A Boston .100
2 1
IH
5
s
...................
..1 939, J&J
120
. 5€
45% 4 0 %;
JSoWilwhla &«.«.
. . . . . ‘j APit. 'V. N. V. Ca.. con. Ba.1939. A<V
. 50
Atiantf-o MI I ___
t
t Chlirted.
Higher
13,806 12^4 July 26 36% Jan. 16
55 H o.e Aug. 11
4% Jan. 14
40 56% July 31 97% Jan. 27
125 Sept. 13 135 Feb. 16
10 110 Aug. 29 122 Jan. 18
887 15 >4 Nov. 20 29% Jan. 24
81 195 July 26 227 Feb. 6
5 170 May 10 200 Feb. 6
66 130 Aug. 1 178 Jan. 2 6
10% July 27 22% Feb. 14
110 46 Jan. 3 62% Feb. 14
10,284 69% July 26 103% Jan, 21
21,130 46% .Inly 26 83% Jan. 23
11 20 Dee. 9 49% Feb. 3
50c. Sept. 19
6 Feb. 3
200
2 Nov. 29 19*2 Feb. 3
154 69 July 31 9 5 Feb. s
20 29 July 31 40% Jan. 12
265 46 Aug. 16 56 Jan. 9
6,965 29% Aug. 8 62 Jan. 27
28 100 Nov. 13 130 Feb. 6
1,779 69 Aug. 1 150% Jan. 28
360
5 June 29 13 Jan. 16
8,032 17 July 31 52 Jan. 17
137 44 July 19 102 Jan. 13
4 66% July 26 70% Jan. 23
2,748
3% Aug. 18 18% Feb. 6
1,547 15% Aug. 15 50% Feb. 6
131 165 Aug. 22 221 Feb. 6
12,578 46% July 26 55% Jan. 2 7
20 Sept. 29 35 Jan. 1 6
25,959 6 lis Ju ly 27 26% Jan. 2
5,529 58 Aug, 1 142% Feb. 8
5 July 11
9% Apr. 12
15% July 26 42% Jan. 27
216 Aug. 30 232% Mar IS
380
2 Nov. 23
7% Jan. 24
$ AaJ tusorusd Interest.
1 Last price tills week.
6
19
27
16
17
21
18
10
16
16
18
20
2
20
23
4
Bid. Ask,
• 98
112%
100%
71
71%
32% 33%
22% 23%
IS
18%
113% 114
126% 130
120 122
103% 104
99
99%
115% iijg
105Js
104%
1G2 ——
114
115
92
98% 9 7 “
111
95% 96%
104
80
80
....... 80
97 98
87 88%
111%
113*2
110
104%
95 ____
110*2
109 i '12
109^ 1123s
102
95 %
105 106
80 82%
110 115
10 s 110
116
116% 117
114 116
99% 100
70 72
105 103
115 115%
107 110
THE CHRONICLE.
1028
V ol. LVIL
NEW YORK STOCK EXCHANGE PRICES (Continued.)—A C T IV E BO ND S D EC . 1 5 , A E D F O R Y E A R 1 S 9 3 .
R ailroad and M iscbl . B ondb. Inter9si
Olotfng R a n g e (sa les) in 1893,
Olos'ng R a nge (sa les) in 1893.
R ailro ad and Miscel . B onds . ' / nter’** P rice
JP eriod . Dec. 15
P rice
[Period. Dec. 15
Lowest.
Highest.
Am er. Cotton Oil, deb., 8 g.19 00! Q—F 112 b. 101 Aug. 114*5 Jan.
ALTop.&S.F.—10 0 -y r.,4 g .l9 S 9 J & J 703*
837e Feb.
63*5 July
57*8 Jan.
29 July
2d 3-4s, g., Cl. “ A ” ......... 1989 A & O 37
57 Jan.
50 May
100-year in com e,5 g . . —.1989 Sept.
50 Aug. 71*4 Jan.
Atl. & P a c.—Guar, 4 g . . . .1937 ........... 57
5 b.
11*5 Jan.
5 May
W .D .in o . , 6 8 .....................1910 J & J
B rookl’n E .e v a t’ d ls t,6 ,g -1 9 2 4 A & O 104 b. 100 Aug. 120% Mar.
O a n . 8 outh.—1st, 5 b ......... 1908 J & J 108*«b, 99 July 109 Nov.
2 d ,5 b................1................ 1913 M & S 1 0 2 %b, 93*5 Sept. 103*5 Jan.
353* 135*4 Aug. 70*4 Jan.
Cent. Ga.—S.&W. l8 to o n .5 st’ 29
Central of N. J .—C on s.,7s.1899 Q—J 113*gb. 110*5 Aug. 116 Mar.
Consol., 7e.........................1902 M A N 118 b. 118 May 122 Feb.
G eneral m ortgage, 5 g ..l9 8 7 J A J 1 1378 102 Aug. 114 Dee.
Leh.&W.B., con.,7 b, asyd .1900 Q108*4 100 Sept. 110 Jan.
do. m o r t g a g e e s .........1912 M A N 98 b. 90 July 100 Apr.
I l l b. 100 Aug. 111 Dec.
Am. D ock & Im p.. 5 s-----1921 J A
Central Pacific—G old, 6 s .. 1898 J A J lOG^b. 1013* Aug. 109*8 Jan.
OiieB. & Ohio—M ort., 6 g ..l9 1 1 A A O 116*4b. 110 Sept. 118 Feb.
90 Aug. 106 Feb.
le t con sol.,5 g .................. 1939 M A N 103*8
Gen. 4*58, g ....................... 1992 M A 8 76 b. 61% Aug. 85% Feb.
R .& A .D iv .,letcon .,2-4g .l989 J A J 85*flb. 70 Aug. 85*4 Dec.
do 2 d con., 4 g . . . 1989 J A J 81 b. 68 Aug. 80 Feb.
88 Sept. 101 Feb.
Eliz.Lex.&BigSan.—5 g.1902 M A S
Chic. Burl. & Q.—C on.,7s. 1903 J A .1 123*4 108*5 July 123 Dec.
Debenture, 5 s . . . ......... ...1 9 1 3 M A N 9 7 7gb. 83 Aug. 102% Jan.
Convertible 5s.................. 1903 M A 8 103%a. 89*5 July 108*4 Jan.
D enver Division, 4 s....... 1922 F A A 88 b. 87*s Sept. 94% Jan.
Nebraska E xten sion, 4s. 1927 M A N 86 %b. 79*5 Aug. 8 8 7s Jan.
Chic. & E .I U .-l s t ,s .f .,6 s .1907 J A D lll* s b . 108 Aug. 116 Apr
115 Oct. 123*8 Mar
Consol., 6 g ........................ 1934 A A O
General consol. 1 s t ,5 s.. 1937 M A N 9938b. 93*5 Aug. 103 A pr
C hicago &Erie—1 st,5 g ...l 9 8 2 M A N 95 b. 87 July 103*5 Feb.
44% Jan.
20 July
Incom e, 5 s . . . . .................. 1982 Oot’ b’r
87*9b. 70*5 Aug. 92% Feb.
A
C bio. Gas L. &C.—1st, 5 g . 1937
127*j»b. 119 Aug. 129 Apr.
A
Ohio.Mil. & 8t.P .—Con.7s.1905
115 b. 105 Aug. 115*5 Dec.
A
let,S ou th w est Div., 6 s .1909
A
115*2b. 106 Aug. 116*5 Feb.
le t , So.Min. D iv., 6 s ....1 9 1 0
103 Aug. 112 May
liO
A
lBt.Ch.&Pac.W.Div., 5 s .1921
Chic. &Mo. Riv. Div., 58.1926
105 b. 97 Aug. 105 Apr.
A
106*5b. 98 July 108 Apr.
A
Wis. «s Minn. D iv., 5 g ..l9 2 1
A
107 ^b. 98 July 109 June
Term inal, 5 g ................... 1914
Gen. M., 4 g ., series A . ..1989
92 b. 86 July
&
95 Apr.
M11.& Nor.— let, con., 68.1913 J & u 1 1 2 %b. 105 Aug. 115% Nov.
Chic.&N.W .—Consol., 7 s.. 1915 Q - F 138 b. 120 Sept. 139 Dee.
Coupon, gold, 7 s...............1902 J A D 1 2 0 *gb. 117 July 125 Nov.
Oinking fund, 6 s...............1929 A A
114 b. 109 July 115 Feb.
Oinking fund, 5s.............. 1929 A A
100 Aug. 109 Jan.
109
Oinking fund d e b e n .,o s.l9 3 3 M A N 109
103*8 Nov. 112 Feb.
35-year debenture,5 . . . 190f M A N 104*flb. 100 June 106*4 Mar.
Extension, 4s................... 192b F & A 95 b 90 Aug. 98 Jan.
'Chic. Peo. & st. Louis—5 g . 1928 M & S 95 a. 93 Aug. 100 Mar.
Chic. R. 1. & Pao.—6 s, co u p . 1917 J A
126 b. 114 July 126 Dee.
Extension ana o o l,, 5 s . . . l 934 J &
8 8 July 102 Nov.
102*5
80-year debent. 5s.......... 1921 M & 8 95
88 Sepc. 97*5 Feb.
Chio. St. P. M. & 0 .—6 s . . . .1930 J & L> 121
110
Aug 123*5 Nov.
Cleveland <fe Canton—5 .. .191* J & J
8 o Nov. 92*5 Apr.
C. C. C. & L —Consol.,7 g .i y i 4 J & U
119 May 119 May
General consol., 6 g ....... 1934 J & J 120 b. 115 Aug. 122*5 Feb.
Q.C.C.&St.L.—Peo. & E. 4s. 1940 A & O
58 Aug, 79 Jan.
Incom e, 4s.........................1990 Ajiril. 15 b. 12 Aug. 26% Jan.
Col. Coal & Iron —6 g .........1900 F & A 95 b. 91 Nov. 106 Jan.
Col.M idland—C on .,4 g ...l 9 4 0 F A A 43 a. 33 Aug. 67 Jan.
OoLH.V al.&Tol.—Con.,5 g . 1931 M A S 90
74 Aug. 94*5 Jan.
General, 6 g .......................1904 J A D 94 a. 82*5 Aug. 99 Apr.
D enver & R io G.—1st, 7 g . 1900 M A N 112 b. 112 July 119 Apr.
ls tc o n s o l.,4 g ..................1936 j & a 80 b. 71 July
88*5 Feb.
D et. B. City & Alpena—6 g . 1913 a & j
60 Sept. 74 Jan.
Det. M ac.&M .—L ’dgrants. 1911 A & O 22 b 20 June 40 J an.
DuL So. 8 h.& A tl.—5 g ...,1 9 3 7 a & j 102 a 90 J uly 103 Apr.
L .T enn.V A G .—Con., 5 g . 1956 M A N 85 b, 80 Oct.
94 Apr.
K n oxville & Ohio, 6 g ...l 9 2 5 a & a 98 a, 92*5 Aug. 104*5 Feb.
F t. W. A D e n v . City—6 g . . 1921 a a d 71*8
61*4 Nov. 101 Apr.
G aL H .A 8,A n.-M .A P .D .lst,5 g. M A N 90 b, 90 Nov. 97% Feb.
Han. A St. Jos.—Cons., 6 s. 1911 M & 8 117*5 108 Aug. 117*5 Feb.
H oub. A Tex.C.—Gen. 4s, g.1 9 2 1 A & O 66 a. 58** Nov. 70 J an.
Illinois Central—4 g .......... 1952 A A O 100 b. 99 Dec. 105 Mar.
In k A Gt. No.—1st, 6 g ....l 9 1 9 M & N 1 1 0 *4 b. LOO July 113 Apr.
2d 4-5 s..............................1909 At & 8 63 b. 50 July 72% Feb.
Iow a Central—1st, 5 g ....... 1938 a a i> 88 b. 72 July 90 Feb.
Kentuoky Central—4 g ___1987 a a a 82 b. 80 Aug. 87 Apr.
K ings Co. El.—1st. 5 g ___1925 a & j 85 b. 81 Nov. 103*5 Feb.
DaoledeGas—1st, o g .........1919 Q - F
70 Aug. 87*5 Jau.
84*5
Lake Erie A Weat.—5 g ___195. ~ j & j 112 b. 106*5 Aug. 113 Feb.
Li. Shore—Con. cp., 1st, 7 s. 1900 a & a 120 b. 113 July 121 Nov.
Consol. oou p .,2 d,7 s....... 1903 a & d 121 *4 b. 114 Aug. 123*5 Oct.
t o n g l s l ’d—1st, cun., 5 g .. 1931 Q - J
111 Aug. 116*5 Feb.
General m ortgage, 4 g.,1 9 3 8 J & JD 94
90 July
97 Nov.
Louis. A Nash.—Cone., 7a. 1898 A & O 111 b. 106 Aug. 113 Jan.
N.O. A Mob. l a t , 6 g ....... 1930 a & a 118 b. 110 Aug. 123*8 Apr.
do.
2d, 6 g .........1930 j & a I09*sb. 100 July 110 Feb.
General, 6 g .......................1930 j & D I l l b. 107 July 119®8 Apr.
Unified, 4 e .......................1940 f & j
83*5 Feb.
75 July
NaBli.Fl.Abli.—l s t g td .5 g .’ 37 F & A
95 Aug. 101 Mar.
Lotus. N.A. A Oil.—let, 6 a .l910 a & j 110 b. 100 Sept. 111 Jan.
Consol . , 6 g .............. .....1 9 1 6
a o
82*5 Aug. 109 Jan.
Louie. 8 t» L. A T exas —6 g . 1917 F A A 55 b. 62 Oct.
9838 Jan.
M etro. Elevated—l e t , 6 g . 1908 a a j 119*sb. 108*5 Aug. 119*5 Nov.
2d, 6 s.................................1899 M A N 107*sb. 100 July 108*5 Feb.
M ich. Cent.—ls t ,o o n „ 7 e.. 1902 M A N 1 2 0 *ab. 113 Aug. 123*s Oct.
Consol., 5s .......................1902 M A N 105 b. 100 Aug. 106% Apr.
M U iah eS h . AW.—1st, 6 g . 1921 M A N 1253* 115 July 127*5 Jan.
Exten. A Im p., 5 g ........ 1 9 2 9 ___
F &„ A 108 b. 97*5 Aug. 109 *4 J an.
M. K . A T.—1st 4s, g .........1990 d A D 80
69 Aug. 83 Nov.
2 d ,4 s ,g ............................. 1990 F A A 46
50*5 Jan.
27*5 July
M o. Paoifio—1st, oon., 0 g.1 9 2 0 M A N 96*sb. 8 6 Oct. 113 Mar.
3d, 7s.................................1906 M A N 105*5b. 100 Aug. 115*8 Apr.
P a c.o fM o .—1st, e x .,4 g .1938 F A a ! 97 b. 93 Aug. 102 J an.
N ote —“ b” indicates p rice b i d ; “ a” p rice a s k e d ; the R ange is made
Alabaman-Class A , 4 to 5 ....... 1906
Class B, 5 s .............................1906
Class C, 4 s ........................
1906
Currency funding 4 s............ 1920
Arkansas—6s, fu nd,H oi.1899-1900
do. N on-H olford
7s. Arkansas Central R R ............
Louisiana—78, con s................. 1914
New oonole. 4s..................... 1914
Missouri—Fund..............1894-1S95
Bid.' Ask.
98
102
94
92
4*5
150
2
110
96*s
100
I H ighest.
110
up from actual sales only.
NEW YORK STOCK EXCHANGE PRICES.—S T A T E
SECURITIES.
Lowest.
Pao. of Mo.— 2 d exten.5s. 1938'J & J 103%b. 103 Nov. 108*4 JanMobile & Ohio—New, 6 g .. 1927 J & D 110 b. 108 Sept. 115 % Apr
General mortgage, 4 s ... 1938]M & 8 60 b. 44 July
63 Jan.
Nash. Ch. & St.L.—1 st, 7S.1913IJ & J 130*5a. 117
130 Jan.
Ug- 105 Feb,
Con., 5 g ........................... 1928 A & O 10130 100 £
Nov.
N.Y. Cent.—Debt E x t.,4 s.l9 0 5 ;M &N I0 l* 4 b . 97 Aug. 103 Mar.
J '............ 116 July 125*5 Nov.
1st, cou p on ,7 s.............. -.1 903 J
Deben.,5s, coup., 18 84.. 1904 M & S 107 b. 101 Aug. 108*« Jan.
N. Y. & Harlem—7s.reg. 1900 M &
117 b. 114*4 Aug. 119*5 Feb.
R. W. & Ogd.—Con., 5 s .. 1922 A &
11330b. 103 July 115 Feb.
N. Y. Chio. & St. L. —4 g .. .1937 A &
97*5
89*5 Aug. 99*4 Feb.
113% 105 July 1135s Nov.
N. Y. Elevated—7s .............1906 J &
N. Y. Lack. & W.—1st, 6 s.. 1921 J &
129*sb. 117*5 Aug. 131 Feb.
Construction, 5 s.............. 1923 F &
I l l b. 105 Oct. 114 Jan.
N.Y.L.E.&W.—1st,con.,7g. 1920 M &
132 b. 120*4 Aug. 139*5 Jan.
2d consol., 6 g .............. ..1 9 6 9 J & D 765s
53 July 105 Feb.
124 b. 119 Oct. 125 Feb.
Long Dock Consol., 6 g ... 1935 A &
N. Y. O. & W.—Ref. 4s, g ..l9 9 2 M &
76 Aug. 86*5 Feb.
84*5
107
Consol. 1st, 5 g ...............1 939 J &
97*5 Aug. 1C9 Nov.
105%b. 98 July 107*5 Mar.
N.Y.Sus.&W.—ls tre f., 5 g-1937 J &
Midland o f N. J., 6 g ...,1 9 1 0 A &
*8b. 107 Aug. 120*4 Mar.
Norf. & W.—100-year, 5 g.1990; J & o
90 Jan.
81% May
Md.&Wash. D iv .-ls t.5 g,1941|J & J
91 Jan.
80 July
North.Pao.—1st,coup.,6g.1921|J & J U0*5b. 100 Aug. 118 Feb.
General, 2d, coup., 6 g .. 1933 A & O 88 b. 80 Aug. 115 Feb.
General, 3d, coup., 6 g..l937|J & D 65*sb. 60 Aug. 108 Feb.
Consol, m ort.,5 g ____...1 9 8 9 jJ & D 32
24*5 Aug. 74 Feb.
Col. tr. gold notes, 6 s ... 1898 M & N 80
93 June 95 July
Chic. & N .P .—1st, 5 g ,..1 9 4 0 A & O 44
35% Aug. 80*5 Feb.
North. Pao. & M on.—6 g . . . 1938 M & 8 48 a. 47 Sept. 89*5 Feb.
North. Pac. Ter. Co.—6 g ..l9 3 3 J & J
82 Nov. 104 Feb.
Ohio&Miss.—C on s.s.f.,7 s.l89 8 J & J 109*5b. 102 Aug. 112 Feb.
Consol., 7 s........................1898 J <fe J 110
103 Aug 110*5 Mar.
OhioSouthern—1 st,6 g . . . l 9 2 l J & D 95*5b. 94*s Dec. 109 Jan.
64 Jan.
General m ort., 4 g ...........1921 M & N 46 b. 40 Au;
Omaha & St.Louis—4 g . . . 1937 J & J 42 b. 60 Feb.
68 Jan.
Oregon Imp. C o .-1 s t, 6 g . 1910 J & D 9=1 b. 90 Aug. 105 Feb.
Consol., 5 g ....................... 1939 A & O 54%
32 Aug. 67 Feb.
Ore.R.& N av.Co.—1st,6 g . 1909 J & J 104%b. 97 Oct. 112 Mar.
Consol.,5 g ........................1925 J & D
60 Nov. 94** Feb.
Pennsylvania—4s, g ....... 1943 M & N
102% July 103 July
Pa. Co.—4*5 g., c o u p o n ....1 9 2 1 J &. J 110
102 July 110*5 Apr
Peo. D eo.& E vansv.—6 g ..l9 2 0 J & J
75 Oct. 104 Mar.
Evansville D iv., 6 g .... l 9 2 0 M & 8 80
847s N ov . 105 Feb.
2d m ort.,5 g ..................... 1926 M <te N 33 a. 34 Nov. 72 Feb.
Pliila. & Read.—Gen., 4 g .19 58 J & J 7130
59% Aug. 85*4 Jan.
1st pref. incom e, 5 g ....... 1958
767a Jan.
20 July
315S
2d pref. incom e, 5 g ....... 1958
22 b. 14% Aug. 70 Jan.
623g Jan.
3d pref. incom e, 5 g ....... 1958
18 b. 11 July
Pittsburg & Western—4 g.1917 J & J 86%
72 AUw 88 Apr.
Rich. & Danv.—Con., 6 g . . 1915 J & J 107
102 Aug. 111*5 Nov.
Consol.,5 e:.........................1936 A <te o t60
60 Aug. 78*5 Mar.
Rich.&W.P.Ter. -Trust, 6 g . 1897 F & A t40
140 Aug. 837e Feb.
Con. 1st & col. trust, 5 g . 1914 M & S 119 b .,tl5
11 % Aug. 52 Feb.
78 Feb.
Rio G. Western—1st, 4 g ..l9 3 9 J <fc .1 ___
I 54 Au
St. Jo. & Gr. Island—6 g .. 1925 M & N 6 8 *sa. 67 Nov. 96 Jan.
St L. & Iron Mt. 1st ext. 5s.’97 F & A 102 b. 95 Aug. 103*5 Jan.
2d, 7 g ................................. 1897 M & N 103 b. 94 Aug. 109 Apr.
Cairo Ark. & Texas. 7 g . . 1897 J A D 95 b. 95 Sept. 1043s Mar.
Gen. R’y A la n d g r .,5 g .,1 9 3 1 A & <> 79
60 Aug. 90% Jan.
St.L. &San F r.—6 g.,C l.B .1906 M & N 105*4 100 AUg. 114*5 Apr.
6 g., Class C................ — 1906 M & N 103 b. 100 Aug. 114*5 Apr.
General m ort., 6 g ...........1931 j & j 95 b. 99 Aug. 111*5 Apr.
N 58%
St. L. So. West.—1st, 4s, g .. 1989 M
50 Aug. 68 Apr.
28% Feb.
2d, 4s, g., incom e . .... ...1 9 8 9 j & J 18*5b. 12 July
N
M
&
8.P.M .& M —Dak. E x., 6 g .1910
116 b. 109*5 Aug. 119*5 Apr.
1st consol., 6 g ................. 1933 J & J 118 b. I l l
Aug. 123*5 Mar.
do
rea u oed to4 *5 g -- J A J
97 Aug. 103*5 Apr.
Montana E xtension, 4 g.1937 J A D 89
79 Aug. 92 Nov.
San A. & Aran. P .—I s t ,6 g .l9 1 6 .1 A j
t55 Sept. 76 Mar.
1st, 4 g. gu.........................1943 J <fe J 58*ga. 52 Aug. 60 A ug
Seattle L.8.&E.—lst.g u . 6.1931 F <& A o4%b. 40 Aug. 92% Jan.
99 Apr.
Sec’ty C orp.(N .C ord.)lstcon.6s M & N 71 a. 70 May
So. Car.—1st, 6 g .,e x c o u p .1920
108 b. 105 May 108 Nov.
So. Pac., Ariz.—6 g ....... 1909-10 j & j 94*4b. 92 Oct. 100*5 Jan,
So. Paoifio,Cal.—6 g . . . . 1905-12 A & U
104*5 Oot. 115 Feb,
9738 Jan.
1 s t ,consol.,gold , 5 g ...,1 9 3 8 A & O 89
90 Oct.
So. Pacific, N. M.—6 g ......... 1911 J & j 96 b. 93 Nov. 105% Feb,
Tenn.C.I. & Ry.—T en.D ., 1st, 6g A A 0
74 Aug. 95 Feb.
95*« Jan,
B irm .D iv., 6 g .................. 1917 J & j 83 a 70 July
81 Jan.
Tex. & Pao.—1st, 5 g ....... -.2 0 0 0 J A D 76*8
59 July
29*4 Jan.
2d, incom e, 5 g .................. 2000 March. 20*8
13 July
Tol. A. A. A N. M.—6 g ....... 1924 M & N
103 Jau. 108** Jan.
Tol. A Ohio Cent.—5 g ....... 1935 ■T & J 107*4 100 Aug. 109 Apr.
Tol. Peo. A West.—4 g ....... 1917 J & J 84*sb. 70 Sept. 81 *2 Dec.
Tol. St.L. A Kan. C.—6 g ..l 9 1 6 .r A D 64 a. 48 A U g . 90*5 Jan.
Union Paoifio—6 g ................1899 J A j 106*gb. 102 Aug. 110% Jan.
Siukingfund. 8s................ 1899 M & S 95 b. 99 Deo. 100 Nov.
73** Jan.
CoHat. trust 4*5................ 1918 M & N 49 b. 48 July
Gold 6s, col. trust notes. 1894 F A A 89%b. 72% Aug. 1 0 2 % Jan.
Kan. Pao.-Den. D iv.-6 g.1899 M & N 106 *sb. 106 Nov. 113** Apr
ls to o n 80 l „ 6 g — ........ 1919 M & N 90
77 Oot. 112*5 Apr.
A 80 b. 70 Oct. 109 Jan.
Oregon Short Lm e—6 g . . 1922 F
80*5 Jan.
Or.S.L.AUt’hN.—Con.5 g.1919 A A 0 50 b. 45*5
75^8 Jan.
U.P.Den.A Gulf con. 5 g.1939 J & D 47
39*5
117% Apr.
Union Elevated—6 g ......... 1937 M & N 97*4
98*2
Virginia Mid.—Gen. m .,5s, 1936 M A N 70 b. 73 Nov. 86 Apr.
86 Apr.
do
stamped guar. M A N 70 b. 77 Oct.
Wabash—lB t,o g ..................1939 M A N 10330
93 July 106*4 Apr.
82*4 Jan2d mortgage, 5 g ............ 1939. F A A 75
60 July
39 Jan.
Debent. M ., series B ....... 1939 ,T A j 24 b. 19 July
West Shore—Gnar., 4 s....... 2361 J A j 103r
94 July 104 N ov .
105
Feb.
West. N. Y. A Pa.—1st, 5 g.1937 J A J 102 b. 94 Aug.
Jan.
Aug.
18 ___83
2d m ort............................... 1927 A A 0 22%
West. Un. TeL—Col. tr.,5s. 1938 J & .1 107 a. 95 Aug. 1 0 1*4 Dec.
60 Aug. 92** Jan.
Wis. Cent. Co.—1st, 5 g ...... 1937 J & J
9 Sept. 85 Feb.
Iuoom e, 5 g ........................1937
13 b.
SECURITIES.
Bid.
* Latest price this week,
BONDS D E C EM BER
Ask.
t Trust receipts.
15.
SECURITIES.
Bid.
Ask.
Tennessee—6s, old .........1892-1898
6e, new b o n d s .........1892-8-1900
60
60
60
70
102
100
74
57
6
-----—
103
New Y ork—6s, lo a n ................. 1893
30
107
North Carolina—6s, o l d .......... J&J
10
98
Compromise, 3-4-5-6s.......... 1912
15
98
N ew bonds, J & J .........1892-1898
New settlem ent, 6 s ..............1913
5's
Chatham R R ................. ................
5 s.............................................. 1913
2%
200
3'4
Special tax, Class I ......................
3 s ..............................................1913
10
97% 99
Consolidated 4 b .................... 1910
Oa
1Q1Q 113
Virginia funded debt, 2-3S...1991
6s, deferred bonds........................
97
Pwhode Island—6s, c o u .. 189^ 1894 100
%
South C a r o lin a - ^ , non-fnnd.1888
i 78 6s, deferred t ’st reo’ts, stam ped.
1
i0 7 ~
107
74**
57*5
7
THE CHRONICLE.
D ecember 16, 1893,]
GENERAL
Q U O T A T IO N S
OF
STOCKS
1029
AND
BONDS.
uotation* In S e w T o r * represent the per oent value, whatever the p i t m ay be: other quotations are treqneatlv made per share,
he following abbreviations are often uied , viz,.* M ” f >r murt-gigs: “ g .” for g old ; “ g’4 ,” fo r guaranteed; “ end,,” for endorsed;
tor consolidated; •*oonv.” for con v ertible; “ s. f.,” for sinking sn ad; “ 1. g.,” for land grant.
Quotations in New Y ork are to T nursday; from other cities, to late mall dates.
S u t m e r lb e r » w i l l c o n f e r a f a v o r b y g i v i n g n o f l e a o f a n y e r r o r d i s c o v e r e d i n t h e s e Q u o t a t i o n s .
Q
D o tted St a t e s
Bonus.
Bid.
A sk .
Cit
y
Se c u
r it ie s
.
Bid. Ask,
C i t y Se c u r it ie s .
U n it e d s t a t e s b o n d s .
Buffalo, N .Y.—7s. 1924-5......... J&J 6130
Sa, option D. B., reg................ Q —Mi 9 5 % .......... Water 5s, 1898-9................... A&O $100
1I3%|114%
4a, 1907............................r e g ... <
Water 4s, 1904....................... MAS 5 97%
1 1 4 % 1 1 5 %;
l 90
4 a, 1907.......................... coup.
6«, Currency, 1 8 9 5 .
reg,
,
6s, Currency, 1896.........re g — J&J l O l ’ s .......... Cambridge,Maas.-Water6a,’ 9 6 .J * J §105 107
He, Cnrrenev, 1897........ re g ....J & J ; 107 !..........■ City 6a, 1904............................ .J&J. §117 119
to, Currency, 1898........r e g ....J & J 1110
------Water 3%», 1 9 1 1 .....................Var| S 91% 96
' eons.,
Bid.
S&]
165 166
New Orleans, La.—Premium 5s .
Cons. 6s, 1923,ext. Crossman. J&J 103% 104
4s, 1942 ....................................J&J IOIJ4 102
N.Y. City—7s, 1900.................. M&N $119%
6s, 1900.............................. ...M & N §113^
6s, gold, 1 9 0 1 ...........................J&J $114
5s, 1908................................... M&N §113
VT-O
T1.
5s, gold, 1896.........................M&N §103
—
4s, 1906....................................M&N
5116%
100 10 1
3%s. 1904............................... M&N §
85 86
S T A T E S E C U R IT IE S .
Conv. 4s, 1909.............
..J&J
3s, 1 9 0 7 ................................... A&O § 99 101
99%;102
5112% 1 1 2 % Park, 2%s, 20 -48................... M&N
A labam a—Class “ A ,” 4 to 5 , 19 08..
Chicago, 01,—7 s,1 8 9 9 ..
4102 % 103 Norfolk, Va.—8s, W ater,1901.M&N
Ulnae “ £,** 5», 1 9 0 6 ..-----. . . . . ----- 102 |107
7a, 1 8 9 5 ........................
4100
93% ;....... ! 4%a, 1900....................
Class «‘ C,” 4s, 1 9 0 6 .....................
5s, 1 9 1 6 ................................... A&O
l 95
99 Norwich. Cb.—5s, 1907............. A&O
92%; 98 I! 3-65s, 1902...................
Carrency funding 4a, 1S20.........
' 97 100 Omaha, Neb.—P aving 5s, 1905 ..
4 I 12 I< 48 ,191 1........................
A ra n a .- Os, fu n d ., *1*9. H olford. J &J
.........
97 100 I 5s. 1912.......................... ..............
6s, fu nd ., tint:-Bedford. .......Bid 150 200
5100 102 j 4%s. 19 10.................................J& J ,C.
5 i 12
7s, L. R. & F t. B .w o e ,1900. A A 0
103% Paterson, N. J.—7s, 1900 .
i 12
to , Memphis A 1..K., 1899. A & 0
Jia o
West Chicago 5s, 1899 .
106 ____
12
§107
6s, 1901............................
7 a ,B .R .P .K .& N .O ..1 9 0 0 .A & O
! 20
sics 110 i 4s. 1908............................
fa,M ies. O. & B. K lv., 1900.A A O
5 97
5120%
Petersburg,
Va.—6s,
lo
n
g
.........J&J
Ark. Central HR., 1900. A A O
106
1 10
•CCtmeetwt-Ke w ,rg. ,3 %*, 1903. ,i A*J |J00
5127
Philadelphia, Pa.—6s,1 8 9 6 .... J&J
§11714
1121s
New. reg. or coup,. 3s, 1 9 1 0 ....... !$ no
118
6s, $
6s, 1901......................................J&J
Dlst.Col.—Cons.3-65s,1924,op,T&A 106%1---- 4», 1905.................................... Var |ioo 10 1
Pittsburg, P a .-5 a , 1913.......... J&J 116 120
___wm
7s, 1912.......................................Var 135
F undings*. 1890.................... JAJ, 10 «
.........
4e, 30-50e, sink, fund, 1931. J&J §100 10 11 s
Uo? 109
F a a a .lojin fL eg ,}6s,g ..l9 02-.V ar| 1I8**{........ i! 5s, 30-50*, sink. fund, 1930.
4s, 19 15....................................J&D 100 __ rtrt
___T,
waster Block, 7a. 1901........... ........ 112 ....... . j Hamilton County 4g. 1937........ . |ioo 10 1
115
6s, Consol., 1904 r e g .............. J&J
do
7e, 1 9 0 3 ................. 1 2 0 L ....... Cleveland, 0 .- 7 6 , Apr., 1894.A.^O 5100%
Portland,Me.—fis, R R. Aid,1907M&8 5 1 1 7 % 118
•#!on&i*—Oo&so 1. KOld 68........J & J §U 5 j . . . . . , ! 1 6s, 1900...................................MAS p<18 %
4a, funded, 1902-1912.........J&J 5100
G eorgia- 4 1«9,1 9 1 5 ......... .....J & J 109 110 !; 5s, 1907.......... ......................... J&D Uoo
4s, 1 9 1 3 ...................................M&S k o o
3%s, 19 1: lo 1936........ .....J & J j . . . . . . i..........! Funded debt 4s, April, 1902. J&J l 9 9 \
Portland, Ore.—Gold 6s,192o.M&N
§
Cndtaaa—T em p’y koati.H^ss, 1895.. §.........■......... Columbus, Ga.—7b . . . ............... Var *104
30 y ear 5 s...............
" -58.
Refunding, 8 4 s , 1895...................>V. . . I.
100 102 Portsmouth, N.H.—tis,’97,KR. J&J ?io * % 106
State B o u se ,3%*, 1 8 9 5 . . .. |......... .Columbus, O. - d i e , 1 9 0 2 ...... J&J
Poughkeepsie. N. Y .—7s,water long §125
Too Providence, B .I.—os, g .,1900. ..J&J §105% 107
Temporary loan, 3s, 1 8 9 9 .......... |§............ — j!Covington. K y .--4 a ,1927, new. J &J V
Lcmlalana—Ckinsol.7», 1914. ...TAJ 1 .0
{ 5 8 ,1 9 2 0 ........................ ...... ..F A A T i o i
103
6s, gold, 1900. water lo a n ..J & J §110^ 112
Stamped 4 p e rce n t, 1914— J&J*
4%s, 1 8 9 9 ................................ J&D 5102% 104
8s, 1899..............................* . JAJ
New consol 4a, 1914..... ........J&J
MOO 103 j 4 b, 1911.................................... J&J §101 102
96
97 !
100 105
100
fifalse-rNew 3s. 1899 1 9 2 9 ....JAX)
5s, water, 1920...................
3%s, gold, 1916...................... M&8 § 95
96
■Maryland'—3a, gold, 1900........J&J
95
Denver.Col.—Pub. im .4s,1904.MAS
Quincy 111.—6s, 1898................J&J 5 1 0 3
.......j Rahway, St. J .—Old 7s
80
Duluth, Minn.—Is, 19*20............IAJ
3-058, 1 8 9 9 . - . . . - . . . . - . . ...... J&JI
65
Massaclmaotta-5a, gold, 1894-.J& J 100 io o % Detroit.M ich.—-7s, 1894........... FA A >100
New adjustment, 4s.
58, gold, 1 8 9 7 .. . . . . . . . . . . . . . . M a l 104 106 ; 8s, W. I... 1906........................ J&D 5117
Reading, P a.—is . 1920---------- A&O *100
\ 19
M !naeeotar-Ad1. 4-%5.1912,10-30,
98 . . . . . . j
5100 toi
Richmond, Va.—6s, 1901-1910J&J 106 10 6^
48, 1922 .................... ...........
Missouri—Faint 6s, 1894-95 ..JAM It 0
8s, 1901-1910........................... J&J
125
3%a, 1911...............................
, 93 95
New B ampsli'e—Os.Jan., 1891 J&J 100 iou>4 Erin, Pa.—Cousol. 7s, 1894 ...
107
5s, 1921 & 192*2.......................J&J
120 | Bttzabetb, N. J .—New is J 922. JAJ
War loan , 6a, 1 9 0 o. . . . . . . . ..J A J 119
ss ; 4 8 .1 9 2 0 .......................................... ......... 9 4 %
83
-K aw York— on. gold, 1898---- A AO loO
R oanoke, Va., 6 s ............1..00-1021
■No.Oaroltna—Os, old. I88d-*98,J&J
Sil7% 119 I Rochester, N. i . —7s, W ater,1903 .. §115 .........
30 ........ |
Galveston .T ex.— os, 1920..... 1AD
6« N. C. RR., 1 8 0 3 -5 ...... J A J
4s, 1912......................
P&A
100
8«
do
7 coupons off . . . A dtO:
Salem, Oregon, 5s,................... 1912
Grind Rapids, Mieh.—5s, 1004.JAJ
6s, funding act o f 1 8 66.1 900 . JAM
10 . . . . *J Water, 8 8 ,1 8 9 5 ......................J&D
St. Joseph, Mo.—6a, 1 9 0 3 ....... F&A 5100 105
8a, new bonds, 1892-8.............JAM 15
97
Harrisburg, Pa.—6s, 1 8 9 5 ___
Comp’mJee 4s, 1901................ F&A § 94
>1.......
8a, Udatbam R R .. . . . . . ------- A&O
7 | Water 6s, 1 9 0 3 ....................
2%
St. Louis, Mo.—6s, 1899........... Val §107^ 108%
§100 101
2H
XX04
5a, special tax,elites 1,1898-9 A&O
es, gold, 1894.
3*»
4 90
§W 3 106
4a, new, con.® , 1910 . . . . . . . J & J
97 i o o ! Towns. 3s, 1909....................
5s, 1900........
5 »7% 101
A&O 1
6s, 1919 . . . . . . . . ___
Haverhill, M a ss.-Is, 1 9 0 2 ...AAO ;hoo
>100 101 1 4 s, 1905..........
§ 9 6 ^ 98
North Dakota.™FMed ls , 1921. J&J 1
ioo 101 ! 3*6os, 11)07...
4s, 192*2....................................A&O ;; 100
Fonu.—5s, new 1reg./92-l902..F & A
Hoboken, N J — Imp,8s, 1898.J&D ;?io5
( io5 . . . . . .
St. L. Co.—6s,1905................. A&O § H 4 119
4 s ,reg.. 1 9 1 2 . . . . . . ......... . . . F <k A io 9 * ‘ : : : : : :
do
5s, 1901........M AN,>'101
,>'101%
8t. Paul, Minn.—4s, 1912.................
Rhode M M —6s, 1803-4, oou p .J &J 100
100 iu5 ; 4%s, 1916.........................................
Houston, T ex.—6f, 1918.................. ! 100
3 >rtth Carolina—6a,Non-fund..1888
100 107 * 5s. 1915............................................ §108 —
09 ,191 2........................................... |1100
1%
4% s, new Issue 1 9 9 3 ... . . . . J & J 101 102
92 95
Compromise 5s, 1918.......... .........,L92
6s, 1904...........................................
100
Bt ue consols. 4%a, la-48.......
Indianapolis,Ind.-‘*D” 7*3,*99.JAJ •
7s, 1.198.......................................... |-.......
09
-SouthDakota 4% », 1837,---- . . . . . . .
6s. 18 97...........................
JAJ I ...:. ....... Salt L. City, D . - 5 b, 1912-190’ .J&J
3%s, refunding, reg.. 1 9 1 2 ..J&J
5s, public iinp’ cs, 1901-1911. J&J
Jersey City—
Xn :mas* re—6e, unfunded.... ...J & J
San Antonio, Tex.—6b, 1903-19J&J H 0 2 ” 103*"
00
7s, 1 9 0 5 ....................................Var §115 117
9ri 103
70
Compromise, 3-4~S-8*.1 9 1 2 ,.J&J
5s, 1930.
1 Water 7s. 1904........................J « J §114 117
101 10 2
- F 4 5s, cons.1909.
Settlement, 6*. 1913................J&J 102 107
Water 5s, 1916...................... AAO § ,T_ 105
Settlement, 5«, 1913................J&J H O 105 | Water assess.,5», 1916.........AAO § „ - 105
■:3s
75
Settlement, 3s, 1913................ i&J
74
Water 5s, 1923..............................
105% Sioux City, Iow a—4%s, 1899
Springfield, Maes.-—
X .ts e — ?», gold, 1904....... ......... i &J
Hudson County 5s, 1905___ 51A8 }U)2
......
6s, 1905................................... A&O 5118 1 2 0
t'tah Ter. 5s, 1900-1910.......... J&J
Hudson County 7s, 1894-----J&D §100
7s, 1903, w ater l o a n - .......... A&O §123 125
V rglxila—f. d , 2-3a, 1991---- 3 A J
57%;
57
Springfield, O —5s, 1907.........MAN §100
fie, deferred bonds.........................
4», 1910................................... A&O
T oledo,O .-y-fiO s, R K ..1 9 0 0 .M * N
D o trust receipts, stamped----Knoxville, Tenn., 5s, IB 10 ....J A J
103
6s, 1899....................
Var §
J,awrenoe,Mass.—6a, 1900 ...A & u d l l
New Jsf R'.ddlebvi got). 193z.J A J
112
5a. 1 9 1 1 (callafter O ct.’9 3 ).A&O § 99 100
Leavenworth, Kan.—4s, 1914 J&J
95
CAT V S K C C K IT IK S .
4 b, 1913...................
Var. § 92
Lexington, K y.—4>j8, 1 9 2 0 ..-M&S
Albany. N .Y .-y s , 191S-1U19.M&N*
Trenton, N. J .—4s, 1911.......... J&J § 97
Long IslaudCttv, N. Y—Water,7s...
Worcester, Mass.—6s, 1 9 0 5 ...A&O §109^ 111
4«, 1930 to 1 9 3 0 .......
MAN ,
.
Los Angeles, Cal., 5s, 1912............
•Alleghany, Pa.—5 »,cp ., *87-9?. Var. 100
4a, 1905....................................A&O §101 102
Louisville, K y.~7a, 1903.......... Var
97
4%», ooup., 1 9 0 0 ....................¥ar. 100
3%s, 1905................................. J&D § 96
6 s ,1897....................................... Var
|Allegheny Co.,58, e p „ 1913.JAJ 101 103
2O*40«, 5s, 1920..................... MAN
H V IIJ W A H BONDS.
48. Conrt House, 1908, r e g ..J A j; 100
4s, 1923.....................................JAJ
8*8*. refunded. 1895, re g .. ..JtVJj _____
102
Lowell 4 8 .1 9 0 3 ..........................A&O lO i
Asheville, N. C.. 3s. gold, 1911.JAJ §103 103% Lynchburg, Va.—6s, 1901-4,...J& J
Atlanta. Ga.—Water 7 s,1904 ..JA J 100 113
Lynn, Mass.-Water loan,8 b,*91.J&J $100 100% generally under the consol’d name.)
Ala.Gt. Southern—lat,6s,1908J&J ellO 114
OS, 18 9 5 -0 ..................................JfitJi 102% 100 k,
6s, 1905................................... MAN llO 111
Debenture 6s, gold, 1 9 0 6 .. .P&A 6 99 1 0 1
60,1914.15...........
JA.J 100
Macon Ga.—6s, 1909-— ............... 108 110
88
Gen’l mort. 5s, 1927.............. l&D e 85
4%a, 1910..................................JAJ
95
Manchester, N .H .—6s, 1 9 0 2 ..J&J. 112% U.4
78is 82
A . ignata, Mfe.—6e, 1905, Fund . JA.i ^115 118
Ala. M idland—1st, gua. 6s, 1928...
4a, 1 9 1 1 ........................................... 100% 102
88
Ala. N. O. T. &e. 1st deb. 6a, 1907. e 86
Augusta, 0 a .—Ge, 1 9 0 5 .............J,v,l 104 108
Memphis, Tenn.—Comp. 6s, 1907,.
39
2d debent. 6s, 1907................J&D e 35
Tax Dist., 6S, 1 9 1 3 ....* ......... J&J
B iltlnioro—eg, bounty, 1 8 9 3 .M A
Ala. A V ickeb .—Cons. 5s,1921.A&O
6s, water, 1 8 9 4 ... ..-------....M a n
T ax Diet., 6s, 1915................. J&J
Vicksb.&Mer. —1st,6s, 1921.A&O 100
Middletown, Conn.—3*6 5,19 15___ i 97%
8s, 1900....................................Q—J
2d, consol. 5s............................. —
Minneapolis, Minn,—7s, 1901.J&J 1110%
fe , West. Jld. R R ., 1902-------IAJ
130
1.0241 Alb'y&Snati.—Oons. 7s, 1906, guar
6 8 ,1 9 1 6 ................................... MAN |116%,
* 4%a, 1912-15................................... 4102%
Consol, m ort.,6s,1906, guar,A&0 116
96% 97
4s, 1915...........................................
4s, 1 9 2 0 . . . . . . . . . . . . . . . . . . — -Q—3 1 . . . . . .
1 liege. Val.—Gen. M., 7 3-10s. J&J 1 0 7 1«
, j 4s, hospital, 1 9 2 2 . . . . . . . . ---- J&J A 90% 97
3%s, 1 9 2 8 ......................... ...... .JA.i .........
1st m ort., 7s, 1910................ A&O e l 26 123
B sogor, >0-. Wati'r.bs, 1905. JA.J 6116 119 I 4s, 1922........................................... 5 96% 97
Allentown Term.—lats.As, 1919. J&J §*.......
Bath, Me.—6g, 1902................... Var M o l 103 : M! twauhm-AVis.—Water7s.’02.J&J j ----- 109
Ateh.T. &3. Fe—new 4s, 1189, J&J ’ 71% 72%
103 - 5s, 1912............................................ too
Ss, 1897..................................... JAJ L o i
38% 39
2d, 2% -4s, Class A, 1 9 8 9 — A&O
4 8 ,1 9 2 1 ____
.....J A J
] 93%
96 | 5a, averaging 10 years................. 100
2d, 4s, gold, Class B, 1989.,A & 0
B ayonne, N. J.—1805 5s................... I100
i Water 4s, 1906-7..................,JAJ
100-year, gold 5s, incomes, 1989. ........ .........
l a i t fta............... ............................. 100
104 '.Mobile, A l a —4-58,1’dert, 1906.J&J
Acl. & Chari.—1st pf. 7s, 1897.A&0
Belfast, Me.—6», railroad a id ,*98.. 5105 106 : Nashville, Tenn.—6s, 1900....... J&J
lat, 7s, 1907.................................... 114%
Birmingham, A :a.—5 g., 1920 A AO
; 4s, 1910.................................
95
lucom e, 0s, 1900 .................A&O
98
Boston, Mass.—W ater6s,1 9 0 6 .V ar 5 m > s 123 ! Newark—4s, 1908 -----AAO
Atlantic City—1st, 5s,g., 1919.M&N 100 1 0 0 %
Water as, g old, 1 9 0 0 ...............Var J l U h 113 II 4%a, 1918.............................
Atlun.
&
D
an.—ls
t
g
.
6a,
1917.A&O
Water 4s. 1917 .........................Var 4102% 103
5s, 1909..................................
57% 68%
Aclantio& P ao.—le t 4s, 19 37..J&J
Water 3*ss, 1917......................... AAO
6b, 19 10..................................... Var
i 95 | »?•%
2d W.D., guar.,g, s.f.6s.l907,M&S
7s, Aqueduct, 1905.................. Var
3 s ................................................. A AO
I 88 ! 90
___
7
W. D. incomes, 1910.......... A&O
125
fT fclyn.N .’i '.—B*ge7*,19iS 24.J&J 131%;......... Sew Bedtord,MaBS.—6s,19 09.A&O
5
Oent.Div.- Inc.,6a,non-cu., 1922
96
Bark 6 b, 1924........
3%», 1910................................AAO
.....J & J 122%
__
5
Land gr. incomes, ouin., 1901..
N. Brnnswlok,N.J.—7s,w ater,1904
Bridge 6e, 1919....................... JA.J 105%
96
Baltimore & Ohio —4 8 ,1 9 3 5 ... A&O
6s,1898....................................... Var
Bridge 4s, 1 9 2 6 ..................... ,,i,vj JloO
fariteraburg Br.. 6s. 1 9 1 9 ...A&O 112%
6e. 1906......................... ........
Water 3s. 1905........
JA.I
|
Sio°
5
* drloe SMBUnal,
4 Pnruiua««r also pay* accrued intereei.
e ln L o n d o u .
11 C o u p o n s o n s i n c e 1 8 6 3 ,
tj 8 u b j « c t t o c a l l .
THE CHRONICLE.
1030
[VOL. LVII
GENERAL QUOTATIONS OF STOCKS AND BONDS—C ontinued.
F or E xplanations See Notes at H ead o f First Page o f Q uotations.
.Railroad B onds.
Baltimore & Ohio—
6e, gold, 1925......................... F&A
Consol, gold 5s, 1 9 8 ? .............F&A
Schuylkill B iv. East Side 5s, 1935
Sterling, 6s, 1895....................M&S
Sterling, 6 b, g;, 19 02..............M&S
Sterling, 6s, g „ 19 10 ............ M&N
sterling, 5s, 1927................ -.J& D
Sterling, 4%s, 1933.............. A&O
B qu.Tr. ser. 8,1891 to 1900 -M&N
Bid.
105%
el02
«112
e!1 8
e lO i
el07
Ask.
112
110
106
104
114
120
106
109
101 103%
Ak.&Ch,Jun. lst,g.,5«,l930.M & N
Baltimore & OMo Southwestern—
Ota, & Balt. 7s, 1900....................
N ew 4% s,guar,, 1990............ J&J 104%
1st pi*ef. incom e 5 s......... - ............
2d do
do
........................
3d do
do
........................
Balt. & P ot’ e—1st, 6 s,g .,1 9 1 1 A & 0
1st, tunnel, 6s. g., g’ d, 1911. J&J
69 100
Balt. B elt—1st, 5s, 1990_____M&N
98%
Beeoh Creek—lst,g ’ ld, 4s,1936, J&J
97
Belvldere Del.—1st,6s,c ,19 02.J &I>
100
dons. 4s, 1927.........................F&A
Boston & A lbany—8s, 1895___J&J §102% 103%
Boston & L ow ell— 7s, 1895. ..M &8 §104% 105
6s, 1896.................
J&J §103% 104
5 s, 1899..................................... J&J §104% 105*2
4s, 1905-6-7..............................Var. S: 98% 9 9
4%s, 1908............................... M&N §103 101
Boston & M aine— Ts, 1894....... J&J §100 100%
Im provem ent 4s, 1 9 0 5 ..... F&A •s ^ 100
Do
4s, 1937 ....F & A A,. _. __ 100
Bost. & P rovidence— ts, 1918.J&J §100 101
B ost.R evereB . &Lynn—8s,’97-J&J §103 105
104
Brooklyn Lie.— 1st, 6s, 1 9 2 4 .. A&O
- - -i't 83
S d m ortg, 5s, 1915...........
J&J
80
96
94
Brunaw. & W.—1st,4s, g.,1938.J&J
105
Bufl. Brad.& P — Gen.M.7e,’ 96. J&J 100
Boft.N.Y.&Brie—1st, 7e, 1916. J&D 124 130
99
99
BuffiRoeh, & Pittsb.—Gen.5s, 1937
Boeh. ,V P „ 1st, 6b, 1921— .F&A 1 2 1
Consol., 1st 6s, 19 22..........J&D 115% 118
Southwest.—6s, 1908..J.& J
Burl.O. R . & N .-ls t .5 s ,1 9 0 6 -J & E 10210 103
95
95%
100
90
85
95
do
Califor. pae.- -ls t M .,4%s, 1912 J&J 100
95
105
55
do
3s, 1 9 0 5 .J&J
Oamden & A tl.—1st, 7 b, g .,’93. .J&J
Consol. 6s, 1911— .............J & J
Camden & Burl, Co., 6s, 1897.F& A
Canada So.—1st 5s, guar.,1908,J&J
109%
2d m ort., 5s, 1913...............-M & S 102%
CapeF.&Y. V.— Lst 6s,SeriesA,1916
83%
1st 6s, ser. B, 1916..............J&D
83%
83%
le t 6s, series O........................J&D
Carolina Cent.—l s t ,6s,g .,1920. J&J
Catawissa—M ort., 7e, 19 00....F& A 1 1 2
83
90
Cedar F .& M in .—1 s t ,7s, 1907.J&J
Cent, o f Ga.—ls t ,o o n s .,7 s ,’ 93.J&J 112 114
70
Collat’l trust os, 19 37..........M&N
Chat. B . & C o l—5s, g., 19 37-M&S
Sav.&West., lst, guar.,1929 M&9 35*2
35*2
Trust Co. certs.............................
Cent.of N. J.—1st oons, 7a, ’99.Q-J 113% 115
- Convert, m ort. 7s, 1902___ M&N 119 123
Convert, debent. 6s, 1 9 0 3 ..M&N
Gen. m ort., 5s, 1987............... J&J 113*2 114*0
Leh.& Wil.—0on.7s,g.,1900,ass,Q
108
101
M ortgage 5s, 1912.............M&N
Am. D k .& Im p. Co., 5s, 19 21.J&J 111
Central P ae.—lst, 6s, g, 1895. J&J 105
le t, 6s, gold, 1896................... J&J 105%
ls t , 6s, gold, 1 8 9 7 ................. J&J 105%
1st, 6s, gold, 1 8 9 8 .................J&.J 105%
8 .Joaquin, lstM .,6 s,g .l9 0 0 .A & 0 106
M ort., gold, 5s, 1939-----------A&O
C.& O. D iv., ext. 5s, g. 1918.J&J 1102%
L a n d g. 5s, g., 1900.......... ...A & O
West. P acif,, l s t , 6s, g., ’ 9 9 .. J&J 106
Cent, of 8. Car.—l s t 6s, 1 9 2 1 ..J&J 104 105
C h a rles.0 to.& C .lstg .5 s,1 9 4 7 .ti-J
99 100
C h a rlie Col.&A.—Cons.,7B,’95»f&J
2d m ort.,,7s, 1910 .................A&O 105
108
100
Consol., gold, 6s, 1 9 3 3 .........J&J
Ghartiers—ist,7 e , 1901.......... A&O
Ohes.&Ohlo,—Fur.money fd .,6 s’ 98 108% 113
Series A , 6s, 1908..................A&O 116 117
M ortgage 6e, 1911......
A&O llh % 117%
O.&O, B y .l s t o s , 1939.......1I&N 103% 103%
76
General 4% s, g., 1 9 9 2 ..........M&s
85% 86
le t Consol. R . & A .2-4.1989. J&J
86% 37
do
do
4 8 ,1 9 8 9 ... J&J
83
81
2d do
do
4s, 19 89...J&J
96%
Craig Yal. l e t 5s, g., 1 9 1 0 ....J&J
Chea. O. & 8.W .—M.6s, 1 9 1 1 ..F&A
60
2d mort., 6s, 1911..................E'&A
OhesMre—Os, 1896-98 ___ —— J&J 103 105
4s, 19 10............................
J&J
Chic. & A lton.—
{Sterling m ort., 6s, g., 1 9 0 3 ..J&J e l l 7
119
Sinking fund, 6s, g „ 1 9 0 3 ...M&N
Louls’a& M o,B .,lst,7s,1900F& A il'-iy
do
2d, 7s, 1900 M&N 108%
Bt.L,JaekB’v .& C .,lst,7 s,’ 94.A & 0 102
do lstgu ar.(5 64).7s,’9 iA & 0 102
do 2dM. (360), 7s, .’ 9 8 ..J&J 107
do 2d guar. (188) 7s,’98-.T&J 107
flBSB.Kiv.Bridge, ls t.,s ,i..6 s .i912 103
CM.&At.Bdge.—I s t6 s ,g „ 1915. J&J
Ohio. Burl. & Nor.—5s, 1.926. . a &O 102%
2d 6s. 1918.................... .......... J&D p o o
101
Debent. 6s, 1896 ...... ........... J&D
98% 99%
Equipment 5s, 1903, exten. F&A P —
...
Ohio. B. &<4 .—Cons.,7s, la u s.-J & J 122% 122%
eo r-oiaitial, § Par
R a il r o a d B onds .
Bid,
Ask.
R
a il r o a d
B
o nd s.
B id, Asfe.
C. B. & Q.—5s. S.I., 1901......... A&O 104 105% Olev. Cin. Ohio. & St. Louis.—
97% 98%
C. D iv., 4s, 1939...................... J&J
5 b, debenture, 1913....... ....M & N
Iow a Div. B .F .os, 1 9 1 9 .....A & O 104 107
St. L. d iv .ls t,eol.tr, 4 s ,’90.M&N
90
05
Iow a D iv., 4 8 ,1 9 1 9 ............... A&O 94
C. W .& M .D lv.-lst,4s,g. 1991. J&J
84
D enver D iv., 4s, 1922...........F&A
Cinn.San.& Clev.—6s, 1900.. F&A
88*3
Consol. 5s, 1 9 2 8 ................... J&J 106 110
4s, plain bonds, 1921............M&8 7 9
Neb. E xt., 4s, 1 9 2 7 ...............M&N 8 6 %
Peo. & East. eons. 4s, 1940..........
75
77
104
17
Plain, 7s, 1896.................
J&J § 1 0 2
Incom e 4s, 1990........................
17
Bonds, 5s, 1895.............
J&D § .........
Clev. Col. G & I.—l s t 7s, '99.M&N 113
Convert, deb. os, 19 03.........M&8 103*e 103%
Consol, m ort., 7s, 1 9 1 4 ..........J&D 126*0
B u r.& M o.(N eb.),lst,6.8,1918. J&J §1 1 2 % n s
Cons, S. F ., 7s, 1914................ J&J 120
Gen. con. 6s, 1934...................J&J n o
Cons, 6s, non-ex., 1918— J&J § 1 0 2 *s 1 0 s
115
4s, (Neb.), 1 9 1 0 ....................J&J
BeUef. & Ind. M „ 7s, 1 8 9 9 .—J&J
Neb. K R , 1st, 7s, 1896....... A&O § 1 0 2 % i ‘0 5 "' Cleve. & M all.Yal.—G. 5s, 19S8J&J
....
Om. & S. W „ l s t , 8S, 189S.J&D §108*4 108% Cle. & P itts.—Con.s.f..7s,1900M&N 114
Ott. Osw. & F o x R ., 8s, 1900.J&J §117 120
Gen. gu. 4%s, g;, “ A ,” 1942 .J&J 105
A teh’n & Neb.—1 s t,7a,1908 M&S §119 121
D o Series B, 1 9 4 2 ..................A&O
Bepub. Y al., 1st, 6s, 1 9 1 9 ...J&J §101*2 103
95
Colorado Mid.—ls t , 6s, 1 9 3 6 ..J&D
44
Chicago & Eastern Illinois—
Consol, g old ,4 s....................... 1940
92
1st m ort. 6a............................. 1907 1 1 1 %
Columbia & Gr.—1st, 6a, 1916. J&J
1st, con., 6a, gold, 1934 -----A&O 120
2d m ort., 6s, 1923..................A&O
99%
Gen. con., 1st, 5s, 19 37....... M&N
Col.& O.Mid.—ls t,4 % s , 1939—J&J
90%
98
91
89
oh . &I. Coal B ’y, 1st 5s. 1936.. J&J
Colum. H ock.Y . & T __Con.5s,1931
90
Gen. 6s gold, 1904................. J&D
96%
93
C hic.E i. (“ A lley” ), os, g ,1929. A&O
Chic. & Gr. Trunk—ls t , 6s., 1900— 100
Col.&Hoek.V.—lstM .,7s,’97.A& 0
Ohio. MU. & St. Paul—
Col. & T oledo— ls t 7 s ,1 9 0 5 ..F & A
M .& St.F.lst, 8s, P.D.,1898. F&A 116% 116%
do
2d m ort., 1900. M&8
P. D „ 2d M., 7 3-lOs, 1 8 9 8 ..F&A 118 122
OM o&W .Ya.,lst,s.f.,7s,15iOM &N
R.D., 1st, $, gold, 7s, 1902 ..J&J 124*3 L28
Col.Shaw. & H’ k . - l s t 5S.1940.J&J
I. & M ., l s t M., 7s, 1897------- J&J 117
E quipm ent 6 s , 1916. .
Col. & Western, ls t , 6s, 1911.
85% 86%
I ’a. & D ak., l s t M., 7s, 1899. J&J 118
Con. & Mon.—B. C. & M.—
Chle. & M il,, l s t M .,7s, 1903.J&J 123
§112 115
Consol., 7s, 1 9 0 5 ..................... J&J 127%
Im provem ent 6s, 1 9 1 1 §100 102
Conn. &Passum.—M.,4s,1943
1st M ., I. & D . E xt., 7s, 1908J&J 124
Connecting (Phila.)—1st, 6s .
l s t M .,6s, 8’fhw est D iv,1909J&J 115 116
90%
Consol.BR.of Vt., 1st, 5s, 1911____ _ § 90
l s t M ., os. La C. & D av .l9 19J & J 103
So. Minn. 1st 6s, 1910.............J&J 115*2 116% Coro.Cow.& Ant. deb.6s,1898.M&N
D ayton &M lch.—Con. 5s,1911 .J&J § f o i r 107%
Hast. & D ak .E x .lst,7 s, 1910. J&J 1 2 3 s
do
5s; 1910............J&J 103
D ayt.& West.—IstM .,6s, 1905.J&J §107% 111
ls t m ort., 7s, 1 9 0 5 ................. J&J 9 — - 121
Chic. & Pae. D iv. 6s, 1910 ...J & J 116 120
do
West. D iv., os.1921. J&J n o
Delaware—M ort., 6s,guar.,*95. J&J
Del.& Bound B ’k—lst,7s,1905F & A 124”
Chic. & Mo. Riv. os, 1 9 2 6 ....J&J 105
_
Del.&Hud.—Coupon 7s, 1891. A&O 104
Mineral P t. D iv ., 5s, 1 9 1 0 ...J&J 103
1st, M „ Pa.Div.,7 b. 1 9 17---- M&S 136
Chic, & L. Sup. D iv., 5s, 192U&,. 102*2
130 135
Wls. & Minn. D iv ., 5s, 1921. ..J& J 106% .
Den. City Cable 1st 6s, .908.
Term inal 5s, g „ 1 9 1 4 .............J&J 107% 108
Denv. Ti-am.—Con. 6a. g.
Dubuque D iv., ls t . 6s, 1920. J&J a i 4 % 115
§107*2
Metro. By. 1st 6s,g.,gu
108
Wis. Yal. D iv., 1st, 6s, 1920.J& J
79
Den. &R. G.—1st eon. 4s
80%
Fargo & S o u t h s 6s.ass,1924.J&J % 10
112%
Inc. conv. S. F. 5s, 1916.........J&J
74
Impr., g., 5s, 19 28....... ..........
D a i. & Gt. So. 0 8 ,1 9 1 6 .........J&.T 104% 105
93
DesM , & F .D .—Guar. 4s,1905. J&J ____ 75
Gen. g. 4s. ser. A.. 1 9 8 9 ... ..J & J
46
1st m ort., guar., 2%s, 1905
53
Chicago & N orthw estern138
75
139%
Con. 7s, 1 9 1 5 /............. ......... Q—F
57% ____
Consol., gold, 7s, cp., 1 9 0 2 ..J&D 120% 123
115
Det. G. Haven&Mll.—Equip. 6s, 1918 ellO
Sinking fund, 6s, 1929 . . . . . A&O 114
115
Con.M ., guar, 6s, 1918........A&O ellO
do
os, 19 29................ A&O 103
90
Det. L. & North.—1st, 7 s,1907. J&J
do
debent., 5s,1933.M&N 107% 109
Gr.Bap.L,& D ., lst.5s,1927.M & S
25-yrs. deft. 5s, 1 9 0 9 ...____M&N 104
26
30-yrs. deb. 5s, 1 9 2 1 ........... ,A & 0 105 107% Det. H a ck .* M.— Ld. gr. 3 % b, 8. A.
95
Dub,& S. City—l s t ,2d D iv.,'9 4 . J&J 100
Extern bds. 4s, 1926.........F&A 15
io d "
Duluth & rron B .—ls t,5 s ,1937. A&O
Esean.&L.Snp,, ls t , 6s, 1901.J&J 107% 111
Dul.ReclW .& S— 1st,5s,g. 1928. J&J
Des M.& Minn’s,1st,7s,1907.F&A 1 1 7
Duluth S. Six. & A tl.—5s, 1937,J& J 100 ib s "
Iow a M id., 1st M., 8s, 1900. A&O 115
Dul. & Winn. 1st 5s, g. 1929.-J & J
Peninsula, l s t , eon v .,7 s,’98.M&S
Dunk. A. Y.& P .-~lst,7s,g..l900J& D 105
115
Clue. & M il., 1st M., 7s, ’ 9 8 ..J&J 112
E. T. Ya. & G-a.—l s t , 7s, 1900—J&J 109%
Winona&8 b.Pet.—2d7s,1907M&N 1 2 s 130
Divisional, 5s, 1930................ J&J 102
1st extension, 7 g., 1916. J&D §132
88
92
Consol, 5s, g., 1 9 o 6 ..... ....... M&N
$110%
Mil. & M ad., ls t , 6s, 1 9 0 5 ....M&S
45
ls t E xt., gold, 5s, 1937......... J&D
Ott. C. F. & St. P., 5s, 1 9 0 9 ..M&S 105 107
105
Equip.
&
im
p.,
g.,
os,
1
9
3
8
..M&S
North. Ills., 1st, 5s, 1910....M & S
Cincinnati E xt. —5s., g. 1940F&A
Madison Lxi;., 1st, 7s, 1911.A&O 126
82
M obile & B lrm .,lst, 5s,1937.J&J
Menominee E xt.,1st,7s,1911J&D 126
K uoxv. & O hio,1 st,6s, 1925,J&J
98
North west.Un., lst,7s, 1917.M&S 130
e
l
12
100
Ala.
Cent,,
1st,
6s,
1918.........J&J
117
OMo. & Tom ah,—Ist.ea/OS.Itf&N
East.&W .Ala.—1st, 6s, rec’ts.1926
101
Cedar S . & M o . - 1st, 7s, ’ 94.F&A SloO
1st m ort., 7s, 19 16..........,.M&N §131 131% Eastern, Mass.—6s, g., 1906. .M&S §117% 117%
Easton & A m boy—M.,5s,1920M&N 106
2d mort., 7s, 1909, g u a r...J&D
E.Shore Ter.—ls t os, g,, 191o.F&A
104
S. C.& Pae., 1st, 6s, 1898..J& J § 1 0 2
98% ’ 99%
EUzab.Lex.& B ig 8.—5s, 1902.M&S
Frem. Elk.& Mo.V.—6s,1933A&0 5 1 2 0 121
Elmlra& W’mspt—l s t 6s,1910.J&J 115
do
do
Unstam ped.. §117 119
5s, 2882....................................A&O
95
Chic.Peo. &St.L.—lst5s,19287M&8
.Erie & P itts.—Con. M., 7s, ’9 8 .J &J §104
RoekIsl.Dlv.con.s.5s,g.,1941. J&D
Equipm ent, 7s, 1900-----------A&O
95
Consol., ist, g., os, 1 9 3 9 ,...M & N
Chic.B.I.& Pac.—6s, 1917,coup J&J 126 126% Eureka Springs—1st,6s, 1933.F& A
E vans.& Ind.— ls t „g .,6 s ,........ 1924
Chicago & Southwestern.............. fllO
112
lst, eon., guar., 1926.............J&J
Exten. & col, 5s, 1934............ J&J 101*2 i02%
9 4 % Evans,& T .H .,lst eon., 6s, 1921, J&J i' 1 7 ” 120
30 yr. deb., 5s, 19 21.............„M&3 9 4
95
100
1st gen. g. 5s, 19 42................ A&O
Ohio.& St. L .—1 st 6s, H I!5 ...M&S
M t.Vernon—ls t , 6s, g.,1923A & 0
Ohio.St. L. & P .—Con.5s,1932.A&O 107 110
Sul. Oo. (Jr. 1st, g. 5s, 1930.A& O
Chic. & Gt. E ast., ls t , 7s, 93*’95. 100
99
Evans. & R ich.—ls t 5 g . 1928. M&S
Col.& Ind. C .,ls t M .,7s, 1904.J&J n o
106
B vansv.I.H .& C hi.—ls t , 6s, g.lOoO §lu b
do
2d M.7s,1904.M&N 108
2d, 6s, gold, 1 9 0 0 ................. J&J §100
Un.& L ogansp .,lst, 7s, 1905.A&0 113 I l 6
Fitchburg—6s, 1899-1903.......Var. §102 104
Chicago St. Paul & Kansas City
5s, 1908.............................. ...M & N §104 1C5
P riority os, 19 31..................... J&J i i o o " 103"’
6s, 1897.....................
A&O §103% 105
Chic.St.P.Min.&Om.—Con. 6s, 1930 120
122
7s,
A pril, 1894........................ A&O § 1 0 0 % L01
Oh.St.P.& Minn. lst,65,1918M&N
99
4%s, 1897................................. M&S § 9 7
125
St. Paul&S.City, ls t 6s,1919. A&O 123
4s, 1907.................................... A&O § 94*3 95
Chic.& W .Iud.—3.M . 6s, 1919 M&N 1 0 1 %
98
98%
Bost.H.T. & West., deb. 5s, 1913.
116
G eneralm ort., 6s, 1 9 3 2 ___Q—M l i 5
Flint & P. Marq.—M. 6s,1920.A&O 116
OM. &W. Mich.—Gen.5s, 1921.J&D §, 5 0
1st, con., gold, 5a, 1939....... M&N
Gin. D a y .& I.—lsE,g.,5s,1941.M&N; 93
P ort H uron Div, 5s, 1939 ...........
90%
Gin. Georg. & Ports.—6s, 1901A&O §, —•„•
Fla. C. & Pen.— 1st, g., 5s,1918.J&J i d 5 ■
Cm. Ham. & D ay.—Consol. 5sA & .0 §102% 104
.
.
.
.
.
.
1st,
00
a
5a.
g.,
1911..............
J&J
Consol. S. 1**., 7s, 1905..........A&O 118 1122%
Ft. Worth & Deuv. O.—1st, 6s, 1921
71%
Consol, m ort.,6s, 1905........A&O 4 1 1 1 - 1116
6L
F t.W .& R io G .lstS s. g., 1928 J&J
2d m ort., gold, 4 %s. 1937. J&J § 9 4 | 95
9 /% ____
Gal.Har.&SauAnt.—lst,6s,g. 1910.
Cm. H. & 1., 1st 3SL, 7s, 1903.J&J
95
105
2d
mort.,
7s,
1905..........
J&D
91*3 9iS
C.I.at. L.&C.— i s t g . 4s, 1936,Q—F
90
M ex.&P.Div. ls t , 5s, 1 9 3 1 .M&S
§LO±
Con. 6s. 1920............................ .
. , ___
Gai.Hous.& Hen.—lst,os, 1913 A&O —
---- 109
Iailianap. C. & L,, 7s, 1897..F&A
104
. . . . . Georgia—6s, 1910....................... J&J 103
Ctn.Laf.&C.—lst,7s,g.l901.M & S §105
O
eoigiiii'-e
us,
30/,-,
J
i
S
e
J
89% 92
Cln. Leo. & Nor.—1st, os, 1916J&J §100 102
Cln.Bioh, &Chlo.—ls t , 7s, '95-J&J § lv l% 1 0 1 > Con. 2d mort.,_5s, g., 1923. —A&O . * . - . 35%
3
11
Oou. incom e, os, g., 1923 . . . A&O
Cln. Rtoh. & F . W.— U e,7 s,1921J&D § 112 • i i 8
Ga.Carol.&No.—Ist.os.g.,1929. J&J
88*a
cm .& 8p.—7s, O.C.C.& I . , 1901.A&O HU
in
74
7s, guar., 1..8.& M.S., 1 9 0 2 ..A&O LLO ■J-I n : Ua.So.&FL.—1st 6s,tr.ree. L927. J& j
Oleiw-t & Jed. —1st, Os,■1227- .J &J 118 — *• Gr. Sao. & tad.—1st, l.g., g ’d, 7a, g. §1.10
1st M „7s, i.g., gold,not guar. A&O
C ley.A kron& Col.—
. ..... 60
General 5s, 1924-------- ......M & 8
Gen. M „ g „ 6s, 1 9 2 7 ............ M&S f 973t
95
Muskegon Div. ns, 1 9 2 6 ...J & J .. § 90
36
I Equip r. & 2d M.. lOltOs— ff&A
Ex. 1st., g , 1 %ls. 1041___ _. —
XtS
016VB.&Canton—lst. 5s. 1917.J&J
pays accrued Interest, •to umtjL.
) ux Auaacardaai. 1 Ia Frauttirt.
THE CHRONICLE.
D ecem ber 16, 1898.]
1031
GBSSBAL QUOTATIONS OP STOCKS AND BONDS—OonS
tted
F or Explanations See Notes at Head o f First Page o f ^notations*
Bid.
R a il r o a d B onds .
Ask
R ailro ad B onds .
Bid.
Ask.
R a il r o a d B onds .
Bid.
Ask.
L ousy. &N ashv.—tContiime d.}
0T*RsyW*&St.P.~‘lsM © n.5e,g.l911
N.Y.C.& H ud.Riv.—(Continued.)
16
em-forty 6s. 1 9 2 4 - M&N
9S 102
20
2d Inc.. 4 s..................
..1906
Sterling m ort., 6s, g., 1 9 0 3 ...J&J e!19 121
97
92
<H* North.—Col. tst.4s,g.,1902.M&8
50-Tear sold, 5s, 1 9 3 7 ........ M&N
Gouv.&Os-w.lst 5s, g. 1942...J&D e l 16 121
77
78*2
Han. & St. Jo.—Con. 68,1911..M&8 116*5 118
Unified 4s, g., 1 9 4 0 ....___ ..J& J
Mohawk & M .lst, 4s.g.l991,M &S elO l 103
96is 100
Pensa. & A tl.—lst,6s,gu,’ 21.F&A
N. Y.Uiic.& St.L.—lst,4s,1937.A & 0
Smerish’ g P ., & c.,lst*, 4s,1913.J&J 1 0 2 %
97is ____ _
98
Hart. & Conn.W est —58,1903.J &J 5 so
Ool. tr., gold, 5s, 1 9 3 1 .....M&N
N. Y. & Greenw’d L.—-1st M. inc. 6s 25
1
1
2
%
S,
&
N.
Al.
s.
f.
6s,
1
9
1
0
....A&O
111’ "
Honaatonie—Cons. 5 b, 1937. M&N
4
2d m ortgage incom e, 6s
90
N. Y &Harlem—7s,coup.(1900.M&N 1 1 8 I4
Consol. 5s, 1936___.......F & A
BL & Texas Can. 1st g. 5s, 1937J&J 105
100“ N. i , Lack.& W.—1st, 6s, 1921.J&J 129 131
Waco & N.
Jfa,g.,1901.J&J 104
Nash.F.&8,lsfcgd. g.os,1937.F&A
1 0 H*. L%v.N.A.&Ohio,—l8t,6a,1910. J &J 110% 115
Cons. g. 0S, 1 3 1 2 ... ..... ....A & O 1 0 2
d d, 5s. guar., 1 9 2 3 . . . . . . . . . F&A 111
10 0
Debenture 6s, 1 8 9 7 . - A&O
Con. m ort. 6s, 1916.............. A&O 100 101
Term. & im pt. 4s, 1 9 2 3 .....M & N §.........
6 6 *s
69*$ 71
General m. g. 5s, 1 9 4 0 .... . .M&N
Gen. g 4S, 1 9 2 1 .............. ...A & O
N .Y.L.E.&W ,—1st ex. 7s,’ 97.M&N 108% 110
so
G & I. Dir., 6s gold, 1 9 U .-F & &
2d m ort. extended,5s, 1919.M&S 110 116
Debenture 4a, 1 S 9 7 .............. A&Q
99
Lon. R y .C o „l8 t c., 5s,g.,1930..J&J
9534
Rnnt.& Br. Top— 1st. 4s, 192Q.A&0
3d M. extended, 4%s, 19 23..M&S 107 108
1
0
1
5o
65
(Jons. 3d M. 5s, 1 8 9 5 .. . . . . . . A&O
ILonle.81. L.&T.—-1 at 6s,g,1917.F&A
4 tli M., extended, 5s, 1920 ..A&O 109
10
Hlinofs Cen.—lst,gold,4s.l951.J& J 107
1st cons. 5s, g „ 1 9 4 2 ....___ .M&3
5th M., extended, 4s, 1928.J&D
99%
49*
48
..J «U
95 h
Louisville Southern 5 s ..........J & J
1st eons. M,, 7s, g .,1 9 2 0 .___M&S 131 134
Gold, 31*8,1951
.A AO 99%
Macon & Nor.—1st 4%s, 19 90-M&S
Col. tr,, gold, 4s„
1st cons, fu n d cou p „7 s,1920 M&S
M&N
Manbafc. EL, consol, 4s, 1990.A&O
93*9. 93%
G old, 4s, 1 9 5 3 ..............
Reorganizat'n 1st lien, 6s, 1908 .
Metrop’n EL—1st, 6s, 190S..J&J 119%,120 j L ong Dock con. g „ 6s, 1935 A&O 5122% 125
Cairo Bridge—48,1950 . . . . .J&D
*'
782d 6s, 1 8 9 9 ...._____ . . . . .M&N 1 0 7 % .,. ...
Springfield D iv., 6s, 1898 .J&J 407%
New 2d cons.Gs, 1969 ........ J&D
79M
F&A 107%
N .Y.Elevated.—1st, 7s, 1906. J&J 118% 11334
Collateral Tr. 6s, 1922........ M&N
Middle L>
" 1921
-----72 is
Funded counon 5s, 1969___ J&D
■Maine Cent.—Mort. 7s, 1 8 9 8 .. - J&J 5109% 110
S tirlin g, 8. F., a, g., 190 .A&O #105 107
108
Extern bonds, 6s, g., 1900,..A&O
Gold incom e bonds, 6s, 1977 .
Sterling, g e n .'3
6” - ” 100%
vl30 132
....... . J & D H 0 8
111
OI110 . & Erie 1st 4-5sg. 1982.M<!
L . _ ...........
Sterling, 5s. 1%
. . . . . . 40
103
Cong. 4%& 1912
Income 5s, 1982....................
QHc.8t.AN O. M % 78 ,'9 7.M & F . 167
109
115
Leeds & Farm'g] n, 6s, 1896. J&J
Dock & Impt. 1 st,6s, 1 9 1 3 ...J*
1st c o s. 7a, 1
N.Y. & L .B r’eh—1st, 5s, 1931. J&D
.J&Df
P eril. & K..Cons M.f 6 8 ,’ 95.A&O
2d, €ta, 1907
.J&D;
104
Debenture, 6s, 1' >-20s. I905MWA 4 .........
N. Y. N. H. & H .ls t r. 4s,1903. J&D
5 s, 1951, gfiti
50
so
SJ&D
Con. del>. certs. 1st instalm’ t pd.
Marie. & Phe&nix- 8t 6s,1919,M&N!
Mem. Div.. l
.A&O I
Mar’ta& N. G a.—la ,8s,K.,UtU.J&J!
N.Y, &Noi*t!Pn—1st g.5s,1927. A&O 107%
uUL D. & W.—Co
70
.J& J}
7 ... ............. J&Ji . . . . . .
2d gold Is, 1927_____ _______
S4 m . t a . 5»,
1120
4251M.&W) A&O'
N. Y .On. & W. —Con.5s,g.,1939. J&D 106 107
,AAOf
la d . »eo,& 8p.84% 84%
st,7s, 1915. J&J 1 1 2
,J&jD 75
Refunding, 1st,
J
•ia
in s
110
N. Y. & N, Eng.—1st, 7s, 1905.J&J §115 115%
*tided, 1915. J&J 112
Zad'poUftdE
no
100
I1st M., 6 8 ,1 9 0 5 ................... J&J §i08 108%
97
Xa&*l»po11*4
10 0
] 2d m„6B, 1902........................ .F&A & 99% 100
sen,7s.1915 J&J 110 120
m mort,
no
-..- —
.J&J 50
N. Y. Pa. & O.—Prior lien, 6s, 189-: e!0 2 103
ln.ACEN>
e 19% 20%
do
1st 7s, 1 9 0 5 ...
2*1. 4%—
e l
2
71! >2 7-4% 2d mort. ine., 5s, 1 9 1 0 .....
IS, g.,1942. F&A
3d, 4s, sr.
e
%
m
3d m ort 4 inc., 5s, 1 9 1 5 ......
.. 4s, 1911.. J&J § 51%
Iowa. * * n t
98
10%
Equip. Trust., 5s, 1 9 0 8 ...--.M&N e 94
125
1539*........... 1IIIV1 10
F * F * n » • sB. €,
6
3*ek,T*&
) 3 9 - ___ . . . July!
6% N.Y. Phil. & Nor.—1st, 1923 ..J&J 100
25
Income 6s, 1933.....................A&O
ia.g., 1942. M&S 70
Jteffecttiri*
N. V., Prov, & Boston 7s, 1899.J&J
««, 1827-J & D f 85&
Mad
1118
N.Y .S.&W’. - l e t refnd.,5s,1937,J &J 105% 106%
,08,1917.-M & S - . . . .
M w oe
90
U
.,08,1917. April
2d m ort., 4 %g, 1937___. . . . . F&A
Canaw, d
95
97
.. 7a, 1902.M&N 1 2 i s
Gen, m. 5a, g, 1 9 4 0 .,___. . . F&A
K&mm C
103%
104
I AN j 105
Term. 1st, g., 5s, 1943 ....... M&N
a an. C*C
■! Midl’d of N : J.—1st, 6 », 1910. A&O 116 117
>7!!|104 |1Oi
Flea*. I
*Yq 3 1 . . . . . . . . . . . . ...M&SI iT o%
95
98
N :l
N o r f.& S o u fcb 1s t g. ,'os, 1941 .M&N
K.C.F.8r- Me
,b;
Newo’g Dutch. & Conn.— Inos. 1977
101
. T940*. . . . . . -- .J & J j 9 9
i
123
415!t 5 7 %! *i
Norf. & W est—Gen., 6 5 , 19 G.M&N
—1st ext. 5 s.......1901 i
Ourren
1.12
1) lllOTMilO,
New R iver 1st 6 s, 1932___ .A&O
, U t 8s, 1902 ..M&N? c.124
KAj.Ft.0t
Impr. & Extern, 6 s, 1934— F&A el04 106
, 1.927 Mi i'Mi s —__‘ 3*
Itm
E » » . C. 1
m 8«, 1903.......
' *5 | 9i
B “ 1st r«.g.3sJ9*9,J& D :c '■£ | IB i Adjustmeut 7s, 1924.........Q.—M.
S ir,,
& Wat Gap—1st,5s,191114 90 . . — ,i EqnipradDt, 5s, 1 9 0 8 — ....... J&D 1
.7 » ,1907 J&J . U 4% m v :
E X U B Jo
90
i| C11mdi V . IX ,1 st 5s, 1957.... M&S j ........
7 ft, 1920. J&D |102 ti 5
Nodii-w
a, guar, is, Y. 8. & W., 1896.1 : 2 90
84
id o f Indiana 5
s
.
{§ 9 h [101 :|M<L & W. Div. 1 st 5s, 1941..J & J ;.........
C.Hi
m —1 * : 1920 6s.. J&D ■"
Debenture 8 a, 1 9 05.............. M& 8
FA AI .
Mil. Lake h. & W.- ~6s, 1921. M&N 1 2 5 % .......
Kan,. O. IF m Tm tin
Rod n. & so . 1at g.gu.5s, 1922.M&S . . . . .
).5 «, 19 0 7 . . . . . . . . . F&A 305 . . . . .
n r 5 a ... A&O'
Kan, u. PL is. & c
82
8 6 . Bide, V a „ ext, 5*6s.........19U0 10u
. 4», 1987.J&J
Ext. & l p .s. r.g. 5«, 1 9 2 3 ..F&A 108 !l0 9
jmmqu Cent. B y.—t
do
2 d M „6 x t. 5 -6 s.-„1 9 0 0 100
Mich. U ■„ 1st, 6s, 1924......J& J 1281|L. . . . . .
.#0a. 1028M &J:!.
Kentucky Un, It
do
3d 51., 6 s, '96-1900.J&J 100
tJ>* 19 23,A&O i 90*
Ashlain 4 i v . , 1st. 6a, L325...MtvV 123 [125
K©#imk&li€« M .Va.& Tenn., 4th M ., 8 s, 1900.J&J 112
85
f^, IS25..J& J
tneomei 6s, 1 9 1 1 ..,. . . . . . . . M&N 105 [____
K is* “ “
“
20
liO
i
l
l
5
do
extended 5s,1900.J&J 160
A
ir.
T
r'k,
lst-,gimr..
6s.
St.
P.
E.
A&O
j
, IS
100-vear m ort. 5s, 1990 . — J&J
Oe, 1910. ... J&D 1 1 3 % '____
-Is
MIL & N
8, 1929..M&0;. BO
Falten
112
.
.
.
.
.
.
i!
do
Nos.
above 10f0 0 0 ....
,6s,H
U
2.J&
J
.
9
1
3
.,,........
J&D
King
tiz
l, /&, kitz7..3&.U 1 2 0 {___ i North. Pac. Coast 1st 6 s.........M&N
1Minn. & mi.
WetKt^i
... North Penn.—let,7a, 1896— M&N 106
10 0
10 1
,5 8 , 1 0 4 1 Iow a E xt 1 st g 7s 1 9 0 9 ....J&J) 1 1 2
........
Gen, m ort., 7 s ,1 9 u 3 --------- -.J&J 127
Mlc 1. So.-—
[ South wet t.Ex t., 1st,7ft, 1910 .J&D n o
I»ake r he
Debenture 6s, 1905------M&S
A&O: 1 1 0 % ___T. [ Pacific IDc t.f; St 6 s,1 9 2 1 .- A&O 105 . . . . . . 1
nm.it.& L .a e w b rta/M- 7®
t i o ! Northeast., S.O.—1st M .,8s,’99,M&S 1 1 0 1 3 1 1 2
Imp, & Ei nip. 6 i . 1922.*-___J&J 1 1 1
m u dpn.& ToL, ia%7i,X >0 0 .F& A I iv 7
108 n o
2d
m
ort.,
8s.
1
8
9
9
.
.
.
.
.
.
.
.
.
.
.
M&8
1
0
U
lc
7
8
,
issr
I
e
95
9
...
A&OI
MlsmlK
&
5s,
1986-J&J
IHwU 2 d bonds
Consol, gold, 6s, 1933. ........ J&J 104 105
lit
j Minn. S. St e j i l . & Atl.—let Ms, 1026
,Lsds« SImre .com n,op., Is t,7s .J&J 1 2 0
5^ 3 . J&D! 1 2 0 % 1 2 1 % f rvmft.ii 4 , 19 88 .......... .........J&J e 07
ftnst .f mi,,
Northern,
Cai.—1st,
6s,
19
07..J&J
do
90 j
.........
91
8<i 4j
so
Consol. 5s, 1 9 3 8 ....* ..............A&O
934 .J&J 109% 112 i Mo.Kau.&'J - 1 St, K-, 44,1000. J &I)
Hah
Coal RP
I 74 tr. Am 109- ) . .
46% 46^ Northern Cent.—4 %s, 1925..A&O 104
- __F&A
&*L A*& Gr.R.—Iftt 5«, xmn .J&Jj 108
7 2 ; 2d mort., 6 b, 1900.................A & O 108%
68
J&D! 107
t
0s, ISO
1 K&U3. C. k P &e. 1st 4g* g . F&A
Con. ioort.,6s, g., coup,, 1900. J &J i l l
Con. M sterlin g 0 g., 18 47.. J&D , i . 4 106 i Dm. &Wii BOl f,-£'u.,5a, 19 4 •).M & N f 80
Sd a A., 7% 1910:,*,**.
M&ic 130%
81% 82 i More, bds,, os, 1926, series A J&J 109 ____
M --Kali.- J:..is to t .g , gtt-MS-AAO
***.*,j
do
series B .. . . . . . . -- ----- 109
J&D j
123
6b,
19
20...
M&N
95
Con. m 6a, g., ,923 reg
>0118oL
m o . Pao.—
Cons. M. 6s., 1 9 0 4 ...............J & J 112
LehuV V 1mt A’let «. g.. i;'.
90S 101
...M&N 105
4 i/e 7a . 1906
, t 91 7*...*
83
Con. m ort, atg. 6 b, g., 1 9 0 4 ...J&J
M&8
T
pgUJ'S.! 041. A&O' 100
68 | Union RR.—1st, 6s, end. Oant.J95
>J&Jt
D '2 0 ............... F&A
U teh l 0 ar.& VVe-n
1 Col. traet
. . . . . . Northern Pae,—Geu., 6s, 1921.J&J i i o % 110%
12.. M&N 108 % 110 I JLexingto ( i>l
5, 1020.......F&A
U. Mia —-Renew
88
»9 j Gen, land gr,,2d, 6s, 1 9 3 3 ...A&O
t.g.-la,1938.F&A
97
h- Mac & k Ft,8.— i«tt 7s, 1 00§ ,9&L 73% 7a | B w M M
69%
Gen. land gr., 3d, 6s, 1937...J&D
937 M&S ^ .»**,
40 j
....................... J&J 103%
U tile X & Mem,—
2d 7s. 891
32
33
898. M&N; i i l % 112% • 8t. S.M. vB. - -1ft t ex. 5s, ’07. F&A 102 i02g| Con. L. <L, g, 5s, 1 9 8 9 .........J&D
t o B* 1 Mid— 1st
Dividend
scrip
ext.6s,
1907.J&J
?.
1
i>3i.......
u
5
;
.*.*
U
2
q
J
89
l8tC »f>L S«* 1
7 .................M*2t
2d. 7s,
Pen D’Oreiile Div,, 6s, 1919..M&3
JAU
94
. 1 9 3 3. .*.,»*.*
Gen
i Ark. B r .! - gr. . M., 7a, g „ *95,J&D &9
1‘ 0 i Mo, Dav. 6a, 1919 ..................M&N
4%g , g., 102 2. ** M&Sf 09
m i { CaSto Arl *. & r,, lat,78*g./97. J &D 95
F err
James Riv.VaL—lst,g.,6s,’36J&J
78
No.S Br. 1st eo n .ftM.g., 932 q . J 303 106 i Gen. eou. py & .
5s, 1931 A&O
;tp&
! Spokane & Pal.,1st 6s, 1936.M&N 52
N.Y. & -i'r
027 M&B]
; Mobile & 0 —I b 'hi. 8s, 1027.J&D 110
. . . . . . I Helen a& Red M t.lsts6 q 1937M&9
S 7s
24 mort. ine., 19 27...
le t Exter 0ioe
1 9 2 7 .........tq—j
; Dal. & Man,, 1st, 6sf 1 9 3 6 ...J&J
62
.f
4ft
80
&
m
M
j
0&
*
Bea
s/97
938.......
...31.&S
N.Y.
eh, le t 7
,j* ji
j Gen ui or!
»i
. & M .B . .la t c o u 5«> 1935*
jr. Y
sii’4 f 8t.L.& Ca iro—-4ft , guar.. 1031. J&J f 79 >s .. ... I Dak. Ext., 1st, B.L 6a, 1937.J&D
47%
No.Pac,& Mon., 1st,6s, L938-M&B .
86
85
1st
08,
1
H
i
.
5!&8;
k.
&
Mon.,
i0
7
q
it
Ms,
1009..
JcsJ
Bro<
;Mout.& £u latti
Coeur d'AL, 1st,g ., 6s, 1916.M&8 80
M&c; 142
i.& l ex ,, l»t,6 s#1920J &J . . . . . . . . . . . .
3 ,1911 . -* ...* * ,
Is
do
Gen.
1st
g.,
0s>
1938...A&O
110
a,
1938.*
102%
10
J&D
7sf
| 1st more.
iS ............... A&O
2d
Cent*. Was IPo, 1st g. 6s. 1333- M&8
A
-Moms & E. sex _j Bt, 7a. 4914 MAN 135
X^I
ty & Wltx i a t 0 #,isa 1 ..M&Nf
Ch. & No. Pan. coo. 5 g. 1940.A&O 4 d% 45%
IstvOs.lo w . A&O
&«iB0nr«i i
103 >, 1 tjtwr, bonds, 7s 1900............J&J 1138
North. P. Ter, Co.—1st, 6s, ’33.J&J
t E. Div. 1st,
im : .J&J;
..7 b, 1U01.......A AO 118% . 2 .
E I
I! OoiisoL m ort., 7s. 1915.. . . ..J& D 137H' 40 1N. W. Gr. Trunk 1st, 6s, 1910 .J&J 101
2d. me
In . W. Nor. Gar. Lst 6s, 1 9 3 6 ,.A&O . . . . . 55
jiNaghiiq, & Low ell- ■5b, 19 00,.. F&A. I§104% 1 0 6
, X027.A&O2
H. T,
~ s,1913,J &J-* 120
130 Norw’h &Wor,—l8 t M.,6s.'97.-M&8 § 104 105
..... ... J & j f
60 tNash.Chat.&d. L 1st,7
105
L
1
2
Ggd.& L.Cham.-Cons.6s,1920.A&O
. . . . . . .M&S!
,»*| 45
2d m ort., 6k, 1 9 0 1 .,.............J &J
Gm l
20%
lueom e,6 8 ,1 9 2 0 .- ....- .. ---------- | 20
12 i CeuBolidateti gold os, 1928 ..A&O 101 t o l%
Ohio L & W.—1st pfd.os, 1938..Q~J
Ceeiil.
, N«w Haven & uerby—Con.Ss, 1 0 16 103
7A, 1%
110% U S
Ind 8 1 .& W —1st, p r.,7s, 1900.
O,
! 6«, I960. . . . . . . • . . . . . . . . L M L . . .
113
o . & Miss.—Cons., s.f., 7a,1898,J&J n o
do
101 t!N Bw H a-ven & N ., 1st 7s, 1899-. J &J i l l
U2Jfl
Cons, mort., 7s, 1898............J&<> 1 1 0
m. b
’ C’unsoi. tG, i 9 0 9 ,.................. A&O 1116
11
118
113%
1
0
<
2d
consol,
mort,,
7s,
1911..
.A&O
ilM. J, Juiictiou, 1 st, 4e« 1986-..F&A!
Gea’l
XUPx
1 8t,Spring f. D iv., 7s,. 1905.. M&N
;' N. J. & N. Y. int, 6s, 1 9 1 0 ...M&N !•§....
1
03
1st
gen..
5s,
1932.
—
.
—.
.
.
.
.
J
&D
n
|N.‘,W lA m donN or.-.sLlsA lU O .J& J J :On
Ohio Rtver KE.—1st, 5s, 1936,J&1> . . . . . . . . . . . .
m m.A
6a, 1809 i« Lgtu J&J |y100
1 iO
Gon. gold, 5s, 1937----A&O
16
si. -P r io r i.os, 19 If
iu o
N. O. & i
85% 9 7 "
•
OnH)
-iouthorn—-Tst 6s, 1 9 2 1 ... J&L
^M
.,0a,g„19O
LM
&
N
«
113
|
il5
Fen«a
MU,
[IN.Y
50
(
Gem
M.
4s,
1021.....
.............
M&N
.........
Bt up.7^,1903.J&J 1/5% ; . . .
5 H -L .
m* t o
iNG
'Ohio
''
■
i
.
v
sr.,1938.J&J
l
.
’
*64
lPOL...M&S
1
0
;
[168
&■>
t l
106
%
§io6
*i
Old
Colony—6s,
1
3
9
7
-..............F&A
6 b, 1880 190 j . . _M&S 1 0 6
JS
; 68, 1 8 9 5 -- . — . . ....................J&L 5 1*42^4 102
rlo
4s, 1890-1905 . . J&D 160
§100
•
»
I
78,
131M
...............
Mu-,Deb, 4s, g,, 1w05, ex f.i M & N ,.*.. 101 % [l02
5*107 f 109
6s, g., 1895.A&0|«103
pk
t-**~
75
043..
{109
6f Also payg accrtted interest,
e In Loudon.
jj Ooutpon oil. t In Amsterdam.
t In Frankfort, Germs.ny*
THE CHRONICLE,
1032
[V O L . L V I I
GENERAL QUOTATIONS OP STOCKS AND BONDS—Continued.
F or E xplanations see Notes at Head o f First Pa%e o f Quotations.
R
a il r o a d b o n d s
.
Bid. Ask.
R
a il r o a d
B
onds
Eld.
Ask.
R
a il r o a d a n d
M
is c e l .
B
onds.
Bid.
Ask.
51
St. L. So. W. 1st, g .. 4s, 19 89.. .M&N 58*3 59% C.Pac.—Ore .Short-L. & U. N. Con.
O ld Colony—(Continued.)
50
105
18%
Collat. Trust 5s, 1 9 1 9 ___M&S
2 d ,g .. inc. 4s, 1989 ...............J&J
4%s, 1904.................................A&O
S3
3t.L.&
8.F.—2d
6s,
cl.A,1906.M&N
Oregon
8hort-L.,
6s.
1922
..
F&A
101%
80
103
J&D
4% s, 1897.............
84
Utah S ou th .- Gen.,7s. 1909. .J&J
2d M., 6s, class B, 1906.......M&N 103
100
4 b, 1938..................................... J&J
84
106
103
do
E
x
t,1st,7s,1909
J&J
111
2d
M.,
6s,
class
C,
1
9
0
6
....M&N
B. C. F. & N. B., 5 b, 1910 ..J& J
120
100%
1st m. Mo. & W. 6s, 1919 ...F & A ellO
Utah & Nor.—1st M .7s,1908.J&J . . . . . .
N. Bedford R R ., 7s, 1 8 9 4 ..J&J
6
0”
Gold
5s,
1926........................J&J
Equipment
7s.
1895...............J&D
Omaha &St. L.—1st, 4s, 1 9 37.. J&J
47
100
43
U.P.Den.&Gulf c o n .,o .g ,1939. J&D
General m ort., 6s, 1931.........J&J
Orange Belt—1 s tM., 5s, 1 9 0 7 ..J&J
103
82
U.
&
Bl.
R
.—Con.
4s,
g,
19
22..J&J
General
m
ort.,
5s,
1931.........J&J
80
77
10213
Oreg. & Cal.—1st 5s, 1927.........J&J
75
Utica Clin.&Bing.l st 5,1939.. .J&J $........
1st trust, g „ 5s, 1987........... A&O
Oreg. R ’y & N av.—1st 6a, 1909.J&J 105
51
48
Valley o f Ohio—Con. 6s, 1921.M&S
Con. gu. 4s, g., 1990.............A&O
65
Con.M.5s, 1925.......................J&D
Ver. & Mass.—Guar. 5s, 1903.M&N 5104 106
Kan.C. &Sw.. 1st,6s,g.,1916..J&J
Collateral trust £ s, 1919— M&8
112
Va. Midl’ d.—ls t s e r .,6 s ,19 06.M&S
FC.S.&
V.B.Bd.,l8t,6s,
1910.
A&O
125
Osw.&Rome—IstM ., 7s, 1915.M&N
2d series, 6s. 1911................. M&S 109
St.L.K.&So.W. -1 s t 6s, 1916M&S
2d. g. 5s. guar., 1915............F&A 107 111
Kansas
M
id.—1st,
4s,
1937.
J&D
Sdseries,
6s,
1
9
1
6
.................M&S
Ox.&Clark.—1st, p.& 1. gu. 68.M&N
4th series, 3-4-5s, 1921......... M&8
St. Louis Salem & Arkansas—5s. t —
1st interest guar., 6s 1937. .M&N
95%
5th series, 5s, 1926................ M&S
St. L. W. & W., 6s, 1919.......M&S fl0 3%
Panama—Sterl’gM ., 7s, g. ’ 97. A&O elOO 103
73
94 105
St. L. V. & T. H.—1st M., 7s, *97. J&J
General 5s, 1 9 3 6 .................. M&N
Subsidy bonds. 6s, 191o— M&N
109
107%
2d m ort., 7s, 1 8 9 8 .............. M&N
do
guaranteed, stam ped___
Penn. RR .—Gen, M, 6s, o, 1910. J&J 127
2d, 7s, guar., 1898................M&N 108 109
Wabash—1st gold 5s, 1939. .M&N 103% 103%
Cons. M., 6 s,cp .,'0 5 .J . 15 & D . 15 116**
75%
75
St. P. & Duluth—1st, 5s, 1931.F&A
2d gold 5s, 1939..................... F&A
Consol. 5s, cp., 1919..............M&S 113%
2d mort., 5s, 1917..................A&O 103 105
Deb. mort.,series A , 1939___J&J
Cons. 4, g., 1 9 4 3 ................... M&N
27 %a
25
St.P.Minn.&Man.—1st 7s,1909 J&J 109
114
Deb. mort., series B, 1 9 3 9 ...J&J
Collateral trust, 4% s, 1 9 1 3 .. J&D e l l 2
Det. & Chic. E xt.,lst,g.,1941.J& J 100 102
2d 6s, 1909....................
A&O 114% 110
Equip. Tr. 4s, series A .......... Q—F e lO l 103
105is
105%
Dak. E xt., 6s. 1 9 1 0 .............. M&N 116
Penn. Co., 6s, coup., 1 9 0 7 ..Q.—J
do St. Cha’s Bridge 6s, 1908 105
1st consol. 6s, 1 9 3 3 .............. J&J l i o ^
Penn. Co. 1st M .,4% s,1921,..J&J i i o " i ' l i ”
___
1st consol., reduced to 4 %s .. J &J 101
do No. Mo., 1st, 1 8 9 5 ...J&J 106%
Penn.& N.Y.Can.—1st. 7 b, '9 6 . J&D 105
90
89
Montana E xt., 1st, 4s, 1937. J&D
1st m ort., 7s, 1906................. J&D 120
90
Pac. E xt,, 1st 4s, £ , 1 9 4 0 ....J & J e 88
West Jersey—1st, 6s, 1 8 9 6 .......J&J 106 10-ifi
93
& R R . consol. 4s, 1939...........A&O
114 115
Minn’s U’n, 1st, 6s, 1 9 2 2 ___J&J 112
Penn. & N. W .-5 s , 1930.......... J&J
114
West Shore—Guar. 4s, 2361. ..J&J 103 78 104
Montana Cent.— 1st, 6s, 1937J&J 113
Peo. Deo. & E v.—1st, 6s, 19 20-J&J
104%
102
99%
33%
1st,
guar.,
g
,
5s,
1
9
3
7
.......
J&J
WestVa.C.&Pitts.—1st,6s,
1911
J&J
31
2d mortgage, 5s, 1926.......... M&N
111
8
West. Va.&Pitts.—ls t5 s ,1 9 9 0 .A&O e!0
eI08
80
85
East’n, Minn., 1st,g.,5s,1908. A&O 101
Evansville D iy .,lst 6s.1920.M&S
102
103
106
el0
4
West.
N.
Y.&Penn—1
st.5s,
1937J&J
W
illm
&S’xF
.)st,5s,g.,1938.J&
D
Peo.& Pekin U r . -1 s t ,6s,1921.Q—E
22%
65
3 t.P. &No. Pac. —G en.6s. 1923. F&A 112 115%
2d m., 38 g .—5s sc. 1 9 2 7 ...
2 d m o rt..4 % s, 1921............ M&N
57% 58%
Warren & Frank., lBt,7s,'96F& A
3.A n .& A .P .,lst,g.,gu .,4s,l 943. J&J
98
Perkiom en—1st ser. 5s, 1918 .Q —J
85
SanF.& N.P.—1st,5s,g., 1919... J&J 1 93
West’n No. Car—Con. 6s, 1914. J&.I
90
95
2d series 5s, 1918.................Q .- J «6 90
102% ----- —
Petersburg —Class A , 5s, 1926-J&J 106 ____ SanduskyM ansf.& N —1st, 7s,1909 113 116
47
44
Sav.Ara. & M on.con.,6,g.,1919.J&J
Class B , 6s, 1926................... A&O 108
■ . Sav. FI. & W .—1st, 6s, 1 9 3 4 ..A&O 104% 106
107 103
P kila.& E .-G en.guar.,6s,g.,’ 20.J&J 120
elOO 102
At. & G ulf, eon. 7s, 1897 — J&J 104% 105%
General 5s, 1920................... A&O 112 n a
e
98 100
106
100%
Extens.
and
Imp.
5s,
1
9
3
0
..F&A
So.
Ga,
&
Fla.—1st,
7s,1899.M&N
General 4s, 1920....................A&C
80
105
Consol. 4s, 1 9 9 2 ....................J&J e 75
2d, 7 8 ,1 8 9 9 .........................M&N
Bunb. & E rie—1st, 7s, 1897.. A&O 107
105
110
113%
75
76
Wilm.
Col.
&
A
ug.,
6s,
1910
..J&
D
Sciot.V .& N .E .-lst,g„4s,1989.M & N
114
P hil. & R e a d —2d 5s, g., 1933.A&O
Seaboard & R oan.--6s, 1 9 1 6 ..F&A
Wilm. & W eldon—78, g., 1 8 9 6 ..J&J 106
le t, 6s. 1910............................. J&J 125
109%
58, coup., 1926....................... .J&J
5s, 1935................................... J&J
Con8ol.M .,7s,1911,reg.& op.J& L 1261, 130
41
36
55
Winona&S.W.—1st,6s,g.,1928. A&O
Seat.L.S.&E.—1st,gold,6s,’31.F&A
Consol, m ort., 6s, 1911......... J & l 120% 122
721.
55
Trust receipts..................................
Wiscon. Cent.Co.— lst,5sl9 37.J & J
Im provem ent m ort., 6s, '9 7 . A&O 103% 104
13
99 100
Sham. Sun.& Lew.—1st, 5s,’ 12 M&N 100
Incom es, non-cum ., 5s, 1937.......
Cons. 5s, 1st series,1 9 2 2 ....M&N
§100
102
114
Wore. Nash. & R .—5s, 1 8 9 5 ... Var.
5% Sham. V.& Potts.—7s, cou. 1901J &J
4%
D eferred incom e 6s........................
£0
72
72% So. Cen. (N.Y.)—Consol, mort., 5e..
Na8h.& R och., guar.. 5 s .’94. A&O §100 101
N ew gen. m ort., 4s, 1958— J&J
34
33
M IS C E L L A N E O U S B O N D S,
So. Carolina—IstM .,6 s,1 9 2 0 ..A&O 107 111
le t pref. in c.,5 s, gold, 1958---- 1
§110% 1 1 0 %
80
85
2d m ort., 6s, 1931................... J&J
22% 23
2 d p re f. inc., 5s, gold, 1958-----1
16
15
18
Am. Cot. Oil—M. g. 8s, 1 9 9 0 ..Q -F j '112% ..........
Incom e 6s. 1 9 3 1 .............................
1S%
3d pref. inc., 5s, gold, 1958— I
101%
94
20%
Amer.
Steamship—6s,
1
8
9
6
...A
&
O
'
So.
Pac.,A
riz.—1st,68,1909-10.J&J
95
Is
3d pref., inc., 5s, c o n v e r tib le ...!
B. & S.Car Co.—1st. g. 6s, 1942. J AJ §103 105
So P a c.C a l.-lst,6 e,g.,1905-12 A&O 107%
Term. 5s, gold, guar., 1941. Q.—F 102%
92%
§
92
Boston
&
Montana—7s,
1907.M
&
«
90
—
1st
con.
g,
5s,
1938................
A&O
P hil. Read. & N. E .—4s, 19 42........
7512
Boat. U 11. Gas—58 ,193 9,.r.rec.J&J 1 75
3st cons, g., 5s, guar., 1937.M&N
Incom es, Class A .........1952.........
80
Aust.&
N
orw.—1st,5s,g.
1941
J&J
CahabaCTMin.—1st
g.7s,1907.
J&J
Incom es, Class B ........ 1952.........
50
55
So. Pac. Branch—6s, 1937___A&O ......... ....... Ches. &Del.Can.—1st 5 s,1916. J&J
Phil.W . & B a lt —Deb.4s, 1917A&C
8 8 J4 89
Chic. Gas L. & C.—g. 5s, 1 9 3 7 ..J&J
So. Pac. Coast—1st gu., g., 4s, 1937
6s, 1900.................................. A&C 105 107
96
Chic. June. col. g. 5s, 19 15___J&J §100% 100%
102 104
So. Pac., N. M.—1st, 6s, 1911 .J&J
6 8 ,1 9 1 0 .................................. J&D
97%
95
LO
O
Colorado
Coal
&
I—6s,
19
00..
.F&A
Spok.Falls
&N.—1st
6s,
g.,
1939.
J&J
5 ........
Trust certs. 4s, 1921............ J&J
LOO Col. C. & I.Devel.gu.5e,g.,1909.J&J
95
State ju & Sul.—1st 6s, 1 8 9 9 .. .J&J
Pled. & Cumb.—1st, os, 1 9 1 1 .F&A
95
i
l
l
"
Col.&HocK.CT&Fn—g.6s,1917.
J&J
100%
Stat.
Isl.
R.
Tr.—lst6s,g.,1913.A
&
0
Pit.C.C.& St.L.con.4%8 A,1S40A&0
12
9
Comst’k Tun.—1st in. 4s,1919.M&N
2d mort. guar. 5s, g., 1 9 2 6 ...J& J
Cons. 4%s, series B, 1 9 4 2 ...A&O 100% 100 \
1151a
115
1
0
1
%
Consol.
Gas,
Bale.—6s,
1910.
.J&J
Sunb.Haz.&W-B.—lsr,5s,1928M&N
115
117
Pittsb.C.& Bt.L.—1st, 7s. 1900.F&A
98
Consol. 5s, 1939........
J&J 102 102%,
118
2d m ort., 6s, 1938, reg....... M&N
P ittsb.U .& T ol.—1st, 6s, 1922. A&O e l l 4
Consolid. Coal—Conv. 6s.1897.J&J 104 106
Sunb. & L ew istow n, ) g. 1 8 9 6 ..J&J 104%
Pittsb.&Con’llsv.—lstM .7s,’98.J&J' 110%
82
Consum.Gas.Chic.— 1st, g. 58.1936
Susp. B. & E rie June.- -1 st 7s, 1900 1C6
Sterling cons. M. 6s, g., guar. J&J e 128 130
125
Denv.City
Water Co. 5s,g.’ lO.M&N
Syr.Bing.&N.Y.—oon&oL76/06A&0
Pittsb.Ft.W . & C.—1st,7 s,1912 Vai 130 138
99
Denver Con. Gas 1st 6s, g — 1911 §100 . . .
136
T er.R R .A .S t.L .lst,g.4% ,1939,A&O
2d m ort., 7s, 1912................... Yai
56
Deir.Gas.—con,1st,g.5s.1918. F<fcA
132
Ter.H.& t\—lst,5s,gu.,g.l942.M & S
S d m ort.,7 s,1 9 1 2 ................... A&O
89
Terre H. & L og’pt.—1st,gu., 6s,J&J ....... ........ East R iver Gas—1st,g.5s, 1942. J&J
Pittsb. June. 1st 6a, 1922.........J&J
104%
104
1st and 2d, 6s, 1913................ J&J . . . . . ......... Edison Elec, 111. Co.—1 st, 5 s ... 1 9 1o
Pittsb. & Lake E.—2d,5s,1928 A&O
Tax. Cent.—1 st,sk.fd.,7s,1909M&N ........ ........ Eq.G’t&F.,Chic—1st g.6s,1905. J&J
Pittsb. McK.& Y —1st,6s,1932.J&J
75
74%
General Elec. con. 5s, 1 9 2 2 ...J&D
1st m ort., 7s, 1911................ M&N
2d 6s, 1934............................... J&J
Gr’d K.C1.& C.—1st g.6s,1919 A&O
112
Texas & New Orleans—1st,7s.F&A
Pitta.Pain.& F.—lst,g .,cs,l 916J&J
102
100%
Hecker-Jones-Jewell Mill’g 1st, 6s.
Sabine I>iv., 1st, 6s, 1 9 1 2 ...M&S tl0 2
Pltts.Shen.&L. E .ls t 5s, 1940.A&O
89
Henderson Bridge—6s, 1931. .M&fc 107
Cons. g. 5s, 1943.....................F&A
Pittsb. & W est—1st. 4s. 1917. J&J
Hoboken L. & Imp. 5s, 1910..M&N
Tex. & P .—East.D. 1st 6s,1905.M &« 107
Mortgage 5 ,1 8 9 1 -1 9 4 1 .— M&N
85
1st gold, 5s, 2 0 0 0 ................... J&D 75% 76% Lliu’ s Steel Co.—Deb. 5s. 1910.J&J
Pitts. Y. <&Ash.—1st,5s, 1927.M&N
97
98
203& 2 0 % Iudianapolis Gas 1st 6s, 1920.M&N
2d gold inc., 5s, 2 0 0 0 ............Mob
Ashtabula & P itts.—1st 6s, 1908. 113
55
75
Iron Steamboat Co.—6s. 1901. J&J
Third Avenue 1st 5s, 19 37.___J&J 115% 120
PortPnd&Ogb’g—lst6s,g.,.l900J&J $106 108
84
84%.
Laclede Gas, St, L.—5s, 1919.. Q—F
Tol. A . A.& Cad.—1st,6s,1917. M&S 4 5
105
P ort R oyal & Aug.—1 s t, 6s, ’ 99. J&J
107
Deliigli
C.
&N
av.—M.4%s,
1914.
Q—J
75
85
Tol.
A.
A
.<
sG
r.T
—
lst,6s,
1921
.J&J
Incom e m ort., 6s, 1899 .........J&J
38
RR. 6s, 1897............................Q—F 105%
45
Tol. A. A. & Lake Mich.—1st 6 s .. .
Ports.Gt. F. &Con.—4%s, 1937. J&D 106 107
45
Convert. 6s, 1894................... M&S 101%
Tol. A. A.&M .P.—1st,6s,19 16.M&S
P otom ac Y a l-lst gu.5e,g.,1941. J&J $ 87 S 90
to
Toi.A.Ar.& N .M —lst,6s,1924.M&N
Mort. 6s, 1897...................15 J&D 108%
Pres. &Ariz. C.—1 s tg.Os,1916.J&J
32
Consol, mort. 7s, 1911.........J.&D 126
1st
consol.
5s,
g.
1940............J&J
2d inc. 6s, 1916....................... J&J
Gen. mort. 4%s, 1924.......... Q—F 101
Tol. & Ohio Cent.—1st, 5s, gu.1935 106% 107%
P rov .& Worce8.—1st 6s,1897.A&C $104 106
90
Mich.
Pen.Car—lst5 s,g .,1942.M&S
1st,
5e,
g.,
West.
Div.,
3935.A&O
Rnleigh & Gaston—8s, 1 8 9 8 ...J«ir
Mut.Un.Tel.—Skg.fd.6s,1911 .M&N 111 114%
70
Tol. & O. C. E x t.—1st, 0 8 , g., 1938.
Ren.&S’toga—1st 7s,1921 cou.M&N
89
88
Nat.St’rchM
f.C
o.-let,g.es,’20.M&N
9
0
109%
Do do guar..............................
Kieh.&Dan.—Gen.m., 6s, 1915J&J 109
New Eng. Telephone, 6s,1907. A&O §104.% 104%:.
M arietta Min., 1st, 6s, g., 1915..
85
Debenture, 6s, 1927.............. A&O
20
84%
New
Orleans
Pac.—Land
grants...
Tol. Peoria&W.—lst.4s, 19 17.. ..J&J
70
60
Con. g. 5s, 1936,trust certs.A&O
Northw’n Telegraph—7s,1904.J&J 106%
63% 64
Tol. St.L.& K .C .,lst,6s,191 6 ...J&D
Equip. M. s. f. 5s, 19 09........ M&S
98% 99
Ulster & Del. con., 5, 1923___ J&D 100% 100% Oregon Imp. Co.—1st 6s, 1910. J&D
Wash. O. & W 1st gu.4s,’24. F&A
55% 56
Consol. 5s, 1939..................... A&O
United Co’sN .J—Gen.6s,1901.M&S $112% 113%
Rich. & P etersb., 6s, 1915— M&N
61
Penn. Canal—6s, 1910............. .J&J
do
gen. 4s, 1923....... F&A §100
102
R ich. York R. & Ohes., 1st 8s, 1894
Penn. Steel—1st 5s, 1917....... M&N
do
gen. 4s, 1929....... M&S ;102 104
100
2d m ort., 6s, 1900................. M&N
People’s G.&C.Ch.-l st,6, g. ’04.M&N
40
sterling do
6s, 1894....... M&S 102
Rich.&West Pt.Ter., Cs, tr.rec. F&A
9 9 % 100
2d
do
19 04................ J&D
19
do
6 8 ,1 9 0 1 ....... M&S
Con.col.trust, 1st, 5s, tr.rec.M&S
72% 73
Union P acific—1st, 6s, g, 1896.J&J 104 106% Peoria Water Co. 6s, g ., 1919.M&N X ------ 95
R io Grande W est., 1 st 4 s, 1939. J&J
95
Pleas. Vai. Coal 1 st6s g.l94o.M & N
1st, 6s, 1897..............................J&J 104% 108
90
87
R io Gr’deJunc.lstgu.5s,1939.J& D
P roctor & Gambia 1st 6s, 1940— 5104 107 *s,
1st, 6s, 1898..............................J&J 105%
R io Gr. South.—1st, 5s, 1940.J&J
130
St.L.B‘dge&Tun.—lgt7s,1928. A&O el25
1st, 6s, 1899..............................J&J 106%
Rom e & Carrollt.—1st, Os, g., 1910
Security Cor. lo t g. 6s, 1911.. M&N ......... 71
Om. Bridge, sterl. 8s,g., ’ 96.A&0 el0 6 110
Rome W. &.O.—Con., ex. 5 e ,’22 .A &0 113 113%
8p. Val. Wr. Wfes.— 1st, 6s, 1906.M&S
70
Collateral trust, 6s, 1908 ___ J&J
Rutland—IstM ., 6s, 1 9 0 2 ....M &N ,109% 109%
Sunday Creek Coal—1st, g., 6 s ---60
Collateral trust, 5s ,1907___ J&D
98%
Equipment, 2d 5s, 1898....... F&A • 98
70
Tcnn.C. t.&R.—T .d v .ls t6 s ,’ 17A& 0
53
Collateral trust 4% s,1918. .M<fcN 49
67% 68
Jit. Jo. & Gr. Isl’d—1st,guar.6s,1925.
84
80
Bir. div. 1st con. 6s, 1917— J&J
92
90
Gold tie col. t’ st uotes, 1894.F&A
2d m ort., incom es, 5a, 1925.........
U.S.L’th Co. s.f.deb.6sg.l915.M & N 104
95 100
E xt. s. f., g., 8s, 1899.............M&S
Kan. C. & Om. 1st 5s, 1 9 2 7 ..J&J
114
112
W’n Un.—Deb. 7s, 1875-L900.M&N
Equipm ent Trust 5s.............. A&O f 80
fit. L. Alt. & T.H. 1st M .,7s, ’94.Var 103%
Deben. 7s, 1884-1900.......... M&N
i ‘0 3 ’
Kans. Pao., 1st, 6s, 1895___ F&A
2d m ort., pref., 7s, 18 94 ........ Var 103%
Collat. trust cur. 5a, 1 9 3 8 ....J&J 10714 1071 $
do I s t M ., 6s, 1896.......J&D 104
2d incom e, 7s, 1894.............. M&N 101% 102%
70
WI
1.L.E.& P .C oallstg.5s, 1919.J&J
109%
d
o
Den.
E
xt.,
6s,
1899.M&N
55
Div. bonds, 1 8 9 4 ...........................
W oodst’ek £rou—istg.Os, 1910. J&J
90% 92
do 1st cons. M .,6s,1919 M&N
Bellov.&S.IU .,lst,S.F.8s.’96.A& 0 105
S
T
O
C
K
S
—H
A
IL
JH
tO
A
D
,
Par.
Oen.Br.U.P—A.&P.
P
.6s/95
M&N
Bellev.& Car., 1st 6s, 1923. .J&D
8
Ala. Gt. South.— A ., 6s, p re f.,.£10 e 6
Fund, coupon 7s, 1895 ...M & N
Ch 8t L.& Pad.,1st, g., 5s, 1917.. 100
2ia
B, com m on.............................£10 e 113
60
50
Atch.Col. & P .,1st, 6s,19 050.—F
80
8t. L South., 1st, 48, 1 9 3 1 ..M&8
%
%
Ala. N. O. & P ac., &c., A, p re f.£ 1 0 e
At.J.Co.& W .,1st,68,1905.Q,—F
75
d o 2d, incom e 58,1931 ..M&S
e
%
do
do
B.
a
e
f
..£
1
0
U..r.
P. JL
Lin.
&KC.,
lst,g .,5 s’ 18A& 0 02 —....._______uu________ ^
.U1. <
L,., lSt.g^OS'XSA(RO
-q
aTD. &onaW
IV1&C| 70
Carb.
& Shaw.,.,lBtg,48,1932.
1st g.4s,1932.M&g]
78 <........ ..........U
* irrice nominal. § Purchaser alao pays accrued Interest* e In Loudon.
§ Ocupan off* a Price per share*
t In Amsterdam, i In Frankfort*
THE CHRONICLE.
DECEMBER 16, 1893,]
1033
GE-VSKAL QUOTATIONS OF STOCKS AND BONDS— Continued. .
F or Explanations See Notes at Head o f First Page o f Quotations.
B
julboad sto c k s.
Bid.
Asfe.
R A IL R O A D STOCKS.
Bid.
Ask.
Misc e l . Stocks .
Bid.
Ask.
Misoel . Sto ck s .
Bid. Ash.
Bio Gr.West., pref.100
Envya F.A Sioux. C ity .
;s 21% 21%.
12
175
'van. A M ich............ .
10
BomeW.<fcOgd,,gu.lOO l i o i i i l l
Portland, Me., G. L.50
2
25
B a tla n d .................100
19% K. C, Sub. B elt... 100
2%
15% 16%
69% 70
35
vasi.O. Ft, s .a .item .100
90
Do pref., 7 . . .100
do
65
p ref.100
72
80
5
St. Jos.A G ’d IsFd.100
83% <sn.C.Ft,S.& G.pf.100 75
67% 68%
10
25
30
2% Kan.O.M«m.& Bir.100
Ss.Loul8Alt.&T.H.100
SO
SCan.C.Cl’n * Sp’d.100
do
Pref.100 145
HORSE R R S.
Teokuk Y Dee M ..100
St.Loui3 Strathern.100 95
74
Local Securities
in
4*4
12
5
do
p re f.. 1 0 0
St. L. & So’ w est... 100
C h r o n ic l e each week
9%
do
Pref.100
112% Keokuk &West’ n..lOO
9%
except 3 d o f m on th ,
oSg' ■Ctngst’ « APembrTteSO
St. L. Van. & T. H .100
’T E L E G R A P H .
25
15% 17
Sake t r ie & W ....10O
90
St. Paul &Duluth.lOO
28
86% 89
__
68
90
C4
do
Pref. 100
do
Pref.100 85
100 110
205% L. 8 b. A SHeh.8 0 ..IOO 126^ 126% St. P.Miim. & M an.100 105 108
120
Sharon of Pa., guar.. 100 105
187%- -ehlgh Vitiley.........50 * 37% 38
Franklin..................100
35
40
141% little Miami............ 50 164
Shore Dine.............. 100 s l? 0
Gold & Stock.........100 10338
2
3
138% U ttle SelrnTr’l .........50 3 66%
South Carolina-----100
Mexican..................100
200
South. Cal. p ref....100
Long Island..............50 100% 103
Northwest, gaar___ 50 i02 *'
22% Pacific & A tlantic___
Southern Pao. C o .. 100 22
2 5 2 " ten. Evana.&St.L.lOO
53
34
35
91%'
do
Pref.100
3’west.. Ga., g’ d. 7.100
Postal Tel. Gable........
50
15
49%; 50 ! State Line & Suit__ f 0
19% CiOTUav. A Nashv-.lOO
South’n & Atlantio.25 "VT*
: St 10 ! Summit Braueh.Pa.50 8 6
30
6 V Western Union___ 100
L. S . A, & CMeago.lOO
87V 88%.
72
do
p re f . 1 0 0
36 V ±oh> Snnb’ry & Lewiat’n.50
TELEPHONE.
5 I Terre H. & Ind’nap.50 102
57
Danis. 8t D A T ex.100
American B ell. . . . 1 0 0 190% 191
8
8 V Erie......................... 100
.. Louisville South’n.loO
Texas & PaoiHo - - . 100
42% 43
7%
ICO
8
Pol. A nn Arbor & N. M
Mabouing Coal ER.5C
Hudson R iver....... 100
30
32%
3S
45 ; M ex ican ................... 1 0
do
P re f..5 t IOO
Pol. A Ohio Cent’1.100
65 c. 750.
111
80 1 N.Y.& New Jersey.100
54
do
P ref... 100 70
'lalne C entral___ lOt i l o
88% 91
7*1% 'fun. A LawVe___ 100 227 1227% Pol. Peor. A West. 10(
52
New England....... 100
52%
Tropical.....................10
5 : Manhattan, oon.,.100 128 1130 ' ToLSt.L.&K. City..100
100.
......
do
p ret.100
T R U S T CO’ S
darq. H. A O nt.. .100
51
UlaterADelaware.lOO
do
P r e f..100 ------Atlantio.................. 100 225 250
23*6
232
i
daesaw ippl...........100 i l l 117
u .N .J .R K a C. Co.lOC
Brooklyn Trust ...1 0 0 400 450
2 1 % 21 Sr Central.................... 100 1000
14
■teuiph. .1 Chari___25 ....................; Union paoifio____ .100
1010
5
6
13% lexica l: Central .. 100
C ontinen tal.......... 100 145 155
6V, 7 ilU n.Pao.D en. &G.IOO
48%' le x le a n S a t., T.P..100
Dtioa A Black H iv.l 00
Farmers’ Loan A Tr.25 625 700
1
0
0
%:
1
0
2
139%
140
Vt.A M ass„l,sed,6.10O
F ra n k lin ...............100 250
Michigan Cent— 100
118
51
Hamilton................ 100 190 200
Virginia M idland..100
Mine B l l & B .H ....50 3 70
13% Wabash K R .......... 100
7
7% H o lla n d ................. 100
12
55
Mlnn.A Bt-L. t. reo.lOO
165
3d
15% 16
34
do
p r e f..100
Kings County------ 100 260
Pref., trust reo . 100
K n ickerbocker___100 160 180
M to.8t.P,A 8.8.M ,.lO 0
20
....... W airTuN.J.U’a’d,7.50
....... . West End (Boat.). . .50 «x53% 54
Long Islan d _____ 100 2 1 0
18%
do
p re f....1 0 0
230
8 0 ^ M anhattan............... 30
13% 14% : do. pref. (Bos.) 50 hx80
Mo, Kan. & '£............ .
130
24%
a Vast Jersey............. 5 0 8...... 54
-Mercantile.......... 100 325
do
p r e f... 100
25 !; Weat Jersey A A ti.. .50
24
7c % Missouri P a cific... 100
M etropolitan.... ..±00
280
21 1 Weatarn M aryland.50
18
Nassau.....................100
Mobile A Ohio....... 100
145
2 % N. Y. Guar. A Ind.lOO 310
W'est.N.Y.A Penn. 100 S 2 lt
10 0
Morris & E 'x, gu.,7.50 X153 155
340
80 !;Wheel. & L. E ....... lo o
14% 15
N. Y .L ife & T rust.100 650 675
8u 1 Nash.Oil'll. A St.X.100 70
cue. O.W.. 4 p. e. Deb
50
51V N.
Y .S ecunty A 200
Tr.100225
60
Sash. & D e ca tu r...25
•■!
do
pref.100
6 per cent p ief. a . .
Peoples'.BrooklynlOO
t2% 65% Nashua A Low ell.-lQ O 200* 205- YU. Columbia A A . 100 ......... 112
cam.. MU. A St. P .lO o
Real E state L.& T. 100 160 160
N augatuck.......... 100 «240 250 h iVilm. A Weldon. 7.100
do
pref.. 100 118 119
55 ! i Winona & So. WestxOo
2
4
State.........................100 195 210
LU4
.Vsi|ueh(;n!i3g Vall’ySO
Cade. A NorttewTi.UK)
93 I 'Vleconsin Cent. Co 100
0
New H’n A .N fith. i 00 # 9 0 *
6% Union.......................100
do pref., 7 . lo t i37a4 .
700
40
2%
5 1 New London N o r..100 175
United Slates....... . .0 0 800 825
do
Pref.100
Okie. A Nor. Pao . 100
118 1 1 8 % Washington........... 100 170 180
68% 6 -% S.V.Cent.A H.P.lv.lOii
CUuo. B. i. a P ac-IO O
16
15
38
JU SC ’ L L A N E O C S
C O A L & M IN IN G
38% N .Y.Ch.ASt.U aow too
C .8l. P.-M. ,V(.i.
1lit,
69 1 S T O C K S , N .Y .
65
STOCKS.
118
do
1 st p ref. 1 0 0
do
p ref. 1 0 0 116
34
]
20
80
Adams
E x press... 100 150 160
do
24
p
ref.
100
31
American
Coal.........25
20%
Chic. A Weal M icinloO
48
.9
11
Am. Bank Note Co..50
V. Y. A Harlem ....5 0
150
Col. C. A t. B ev el.. 100
52
C3n. Bata, A D a y . 100
29% 30
26
27
OoL
Fuui
A
Iron
.
.100
Am.
Cotton
Oil___100
40
N
,Y
Xask.*W
«K
...10O
Clno-Jf.O.A T.Pmj.lOC
67% 68%
do
pref.100
70
do
P rtf.,1 0 0
N.Y.L.KrSoA West.100 *16% "l5»s|
Cln. Sand. A O .pf. 50
34 ! Col. A Hock.C. A 1.100
9
American E xpres.100 113 116
8
do
Pref-100 32
Ctacm. A Spring____
29% ConaoLCoalof Md.lOQ 28
31
Amer. S ug.Ref. Co........
29
79% 79%
N.Y. AN.EnglaoKl.100
CleveL Ak. A Col. 100 f ' 2 1 %
01
82
10%
13
do
prof........
5
9
*62
H
Homeatake
SIin’g.100
*75
do
Pref.
100
Clove. Cant. A 8 0 .. 100
82%
19S
American T o b .C o ..50 7 5 % 77
25
rteh.AWUkeab.Coal 50 22
2%
•
2 % N.Y.N H.&Hartf.lCO 105
do
pref . 1 0 0
91
50
dop
re
f..100
65
m
Maryl
d
Coal,
pref.100
N
.Y.A
.N
>i«i..,«'m
.
100
94
38%
c ie r . C. c . A fit. ! .u,i:
Am. T ype Fouud’ra, pt
89
.vllniieaota ir o n .... 100
do
pref.100
53
do
pref. 1 0 O
5
16% 17
8
9 t« Aspinwall Land___10
New Central C o a l. lo o
5 %
t3.APltt,isrnar,,7. So 150 ........ N.Y. Ont. A W e st..100
6
. . . . . . 100
V Ontario SR. Min’ g.100
7 % Barney & Smith Car.
%
N. Y. Pa. A O —
Col. A Green.,prof, 100'
do
pref
%
.
.
.
.
.
.
270
300
%
100
Pennayivania
Coal-50
?
to
pref
21%
Go. H. Vsitl, A T ot. 100
Boston Land.............10
3%
2
Quicksilver Mim’g.100
1%
00
N. Y. Piill. A Norf.100
3%
69
Pref............................
1 %
15
Boston W ater P ow er..
10
do
uref. 1 0 0
S.Y.Bnsq.A WesfnlOO
Co LA X.i.n.,< [!.,b%-S0i 168
1%
!
Brookline (Masa.)L'd5
101* 17
3%
46% 47%
3%
do
Pref.100
Con. A Montreal—
1
Brunswick Co....... 100
do
pref.100
0 .1 (It.O.AM.pMOO 144% 145 i’ff. News .v.Stos.Val.Co . . . . . .
Canton Co. (B a lt.).100 60
68
ELM ! L O T , , A c .
Class IV. (Co®e d it u- 17u 170% INorf. A S o tt... . . . . . 100
93
80
O. .1. R 'y’s U. St’k Yds
93%
Brush, Balt., p ref.100
l7ft
S o . ' W e s t , - com . 1 0 0
Con.APortA.g'ii.,? 1001 165
94% 95
do P ref................ 100
2 1 % 22%
C om m on............. 1 0 0
do
iiref, 1 0 0
120%
Conn, A P aeau m p.lO c 120
95
83
fflaflinCo................
100
8
2
%
100
Con.
Eleo.
Storage.
2
2
0
[No.
Pettasyivania.
.50
221
Comiedtltiut R iv er ! 0 0 i
95
do 1st xiref.non-o.lOO
70
10 0
Edison lit. Co. of X.Y.
4 ! 'Nor them C entral...5 0! . . . .
C o S A o f Vt., pref 1001 40
95
do2d pref.non-e.100
18
*■
■* »* Bklyn.
100
NorUieaawru.......... 5 0 4 5
Current E lv er....... lo o j
Con. Kan. 0.8. A R.,25 ......... 185
“
“ Boston___ 110 i l o
Day. * Mion., gu.. 50 ' 75*' *77%! Nortliera N. 11.......1.00x143 143%
«%
Det.
U
n.D
.
A
S
t’n.lOO
:S
ortb’nPa«.,<M)in-100
0%
,
Ft.
W
ayne
Elec.
Qo
.
,
2
5
170
175
do p f.,g n .,8 .5 0
38% 39™ Dist. & 0. Feed. Co.100
283s 28%
22% Gen. Electric C o.. . 100
do
P ref.100
22
Del. A Bound B r'llOO 155
3%j
East Boston Land. . . .
70
do
pref.100
71
33&.
138 134 1 Soriv.A Woresesser.lOO 176% 176%
Delaware A H a d ..lo o s 133
2
Frenchman’s B ay Ld.
•
2 %)
Int. Conduit A Ine.100
Del. Lack. A West. 50 If 3 164% Ogd. A h. Chainp.lOO ......... 15
89
Hecker-J.-J.
M
illing,pf
.
.
.
.
.
.
92
5
0
a
Edla'nPhon.Toyllf.Co.
10
Ohio
&
Mnis_____.100
..........
11
Deny. * BU.0 O r.... 100
85
Henderson Bridge.100
90
N'ortii Am er.Phon. Co.
do
P ref.100 ........
32% 33
do
p r e f.lo o
50
50
4% riUuois S te e l.........100
55
ThOin.-H. Sea. S er.0.10 s 4%
20
6
7 % O aioSottthem ....... 100
Des M. A Ft. D ’ge 100
9
Iron Steam boat...100
12
5
8 4^
20
" -.............ICO 170 176% I
do
do Ser.D
40
do
pref. 100
4
%
Keeley
Motor.......
50
36
6%
:
Thoto.-H.
Interna
1.100
85
Oreg.
K’y
A
N
av..
100
26
88 j
D el. Hills. A 8. W .100
16 %j 17
Lauison Store Ser. .50
7
do
p r e f.. 100
Or. 8. L. A Utah N. 100:
6%
10
Det, Dan, A North.100!
52%
49V
LehighCoal
<sNav.
50
58
63
Thom.
Welding
Oo.lOQ
Pennsylvania
UK.
.50:3
49%
20
1
do
prei.100
5
M anh'tt’n B’eli Co.100
8
3%
4
do Europ. w . Co. 100
H ■Penn. & NortUweat.50 s 45 ....
4 -%
Doiath 8. 8 A A l t 100
Maverick Land___ 10
1 %
U. S. DUtinmat.Co.100
1 %,
12
16
Peoria Dee. & EV. .1Q0
6
do
pref. lo o
Metropol. Traot’n.. 100 99% 100
8
West. El. L. Gouaol.50 8 24% *25
4
lB
E. Tenn. Va. ,t«a.lO O
%, Peo, A Eafitera___100
Mex.
Nat.
Const,
prof.
106
8
46
4o%
D
o
p
ref____
Petersburg.............100
5
15
do 1st p r e f.100
Mieh.-Pon8U.Oar.. 1 0 0
25
GAS STOCKS.
3
Phlla. A E r i e .......... 50 33 20
5
do 2d pref. . 1 0 0 !
. |Balt. Consol. Gas . 100 54 ^ 54%
do.’ pref........100
. . . . . Phil. Germ. A N o r ..50 3 ------s 53
b a t Fennayisaii
75
bV Morris Can.,gu. 4.100
Ennwruin S . 11... 100 76% 70% Phil s. & Bead..........50. 20 '20% ! Bay State..................50 s 8%
do
pt.gu.lO.lOO 185
110
115
Brooklyn..................
25
230
Phllft.
A
T
ren
ton
..
100
Elmira A W 'msp?t. 50 45
Mt.Des. &E.S.Land.5.
00.
__
58
Citizens’ .................20 . . . . . . 55
3 57
65
do
Pref........50
Nat. Cordage (u ew )...
15
Pulton Slunioip.100 13 L 140
14
Pitta. © n.O .A St,L . 100
Evansville A T . H-,SO 68% 70
do tr.rec. 2d asst.p’d 20
20%
Metropolitan___ 1 0 0 140 150
do
pref.100
40% 50%
13
13%
ERotxbnrg................1 0 0
43
do
do
P ref.......
48
Nassau................... 25 140 ___ rtn
79
79% Pitts. A ConneR’e ..5 0 S 10
do
Pref. ...100
24
National Lead C o.......
24%
80
85
People’s.................lu
Sltta.Ft.W.A C.iguar.7 15 L
12 __
Flit!. G i'"r M in .red:
68%
___
„
do
p
ref..........
70
135
30
!
20
W
illiam
sburg___
50
PittAJunot............
42
50
40
do
p ref..loO
Nat. Linseed Oil C o...
25% 26
122
Chariesfn,8.0.,Ga8.25 s 22% 23
Pltts.M .K.&Yongh 50 5 : 2 0
E l«.C en,*P, - V.T.Cer. t OV 10
7
Nat.
Starch
M.
C
o.100
.
.
.
.
9
3
8%
45
42
Chartiera
V
alley..
100
PittB.Va.
A
Chartes.50
dio le t pref.cum. 1 0 0
40
1st P re f.....................
67% 673a
Oliie, Gas tr. r e e ...l0 0
5
do 2dpf.non-<-uni. HR f 38% 38% Pitta. A W estern...5 0
40
2d
P
ref......................
197^
199
■3
4
"
Clnein.
G.
A
C
oke.100
31
do
P
re
f..50
3
0
Georgia P a cific...10 0
5 7 % _____ N. Y. Loan A fmpr’t . ..
48
Denver Consol. . . . 1 0 0
Pitta. Youngs. A Ash. 50 45
Ga-Kit. A B ’kgUo.lOO 142 145
4'%
4%
30 _____ North AmericanColOO
Hartford, Ot., G. L..25
do
p r e f___ 50
Hr. Rapids & (lid .100
14
Oregon Im prove.. 100
16
Indianapolis, 5_ud..50 136 140
Gt. North. B y. p ref.. 106 H O ' Port. Saco A Ports. 100 122% 123
14
Paoitio
Mail
SS.
Co.100
15%
180
Jersey
(JityHas
Light.
Port
R
oyal
A
Augusta
Or. B. W ,A 8 tP ...1 0 U
5
6
PennayJv. Steel,,.-100
People’s Gas L ight.. 140
Prov. A Worcester. iOu 243 244
do
P re f... 160
P. LorlllardCo.pf..lOO
io § “
Louisville Gas Light. 113 114
Rena. A Saratoga. .100 170 180
H a rU d A C t. West. 100 15 ’ W
Procter
A G. Co— 100
108
Memphis Gas...............
Riob. F. & P., oom .100 118
2
Hons. ATex.CenthiOO
3
120
Pref.
8
p.
0 . ouulIOO
116%
115%
N.
Orleans
Gas
L.IOO
104
Richmond
A
P
'b
‘g.100
H auling. A Br.Top . 5 0
171
Pollm’n
Palace
Cai’100
174 9
100
......
N. Y. C ity - Central.50
Rich. AW. P.Ter. tr.rec.
do
Pref. 50 -f..---- r
3
3an Diego Land.,------Consolidated___ 100 125 126
do
lat inatal. paid
7 ra
ffllnote Central...IOC
93
93%
«104
109“
St-Lonla
B
’dge,lat
pref
190
192
E qu itab le.......... IOO
2 %
2V
do 2d inatal. paid
do teased 1., ip .o .1 0 0
2d pref. cert- —- -100 e 45
50
N. YVCity -M utual .100 115 150
ia
14
do Pref.tr.reo.10u
Iow a Central.........100
7 %
8
8104
109
St.
Louis
Tun.
RK.lOO
80
Standard «a s .p f. IOO 75
Rio Grande West . 100
do
P ref. 100
25% 27
A labam a A V ieisbu re
Alb. * ans.,go.,7..1C 0 165
Arch. Top. & 8. F e .lt o
193s
Atl.<SChar.AirL..100
A tlanta A W .P ....1 0 0
2
A tla n t ic * Pae___ 100
Ant;. A Bar.,leased ,100
73
Baltim ore AOhio.-lOO
do 1st p ref,,6..1 C 0 125
_
do 2d, p ref....... 100
3%
B . A O . S .W .—P1..100
B eech Creek, roar. 50 85
B e l l e v ' e 100 130
Boston « Albany.,100 2205
Boston & L ow ell.. 100 1ST
Boaton A M aine...100 141%
Boa. * Maine pref.ICO 138
Bos.AN. Y.A.-L. .pi.100
Boston & P rov ...... 100 251%
ei
Bos. B. Beach A L. 100
Brooklyn E iev V d . 100
18%
B o S B o o tu A P...... H'O
00
do
P re f. 100
B. C. K. A N orth.. 100 51
CaiiMrtUa Pacific.UK6
Camden A A tlantic.50 S - ----.$ 20
do
53%
Southern.100
73%
Oa radian P acific. 100
Catawlsva..............5 0
do
1st pf..f*G > 52
do
2d p rer. fit. *.........
Cedar'F, A Minn . . . 1 0 0
12
Cent, at G eorgia . . . 1 0 0
13
Central H ie s .. . . . . 100
43
do
p ref. 100
Oent. of N.J........... 1 0 0 116
Central Ohio.........
.9.........
do
P ref.
10
Central P acific__
.........
i. A O .-Vot. XT. car 10
UUicn.il A A lto n ..100 133
do
pref.100
Chic. Bur, A G e m .100 78%
CS1I0 .& E a st. IU ... 100 .......
do
pref. 100 ‘ 99
ToT
price nominal.
5Purchaser also pays accrued,Lutoreel,
#Quotations dollars per share, t la London,
10S4
THE CHRONICLE
[v o l . L v ir .
G E N E R A L QU OTATIO N 'S OF STOCKS A N D BONDS— Concluded.
F or E xplanation gee Noteg at Head o f Flrgt Page o f Qnotationg.
MISCELLANEOUS ST’KB
Bid.
Ask.
Manufact ’ g Stocks
.......
Tex. & Pao. L’d Tr. JOC .......
52
55
44
91
89
do
p re f...........10C
128 133
13)4 13=s
West End Land (Boat.
5*s
8
M IN IN G STO C K S
(N. Y. & SAN. FRAN.
Caledonia B. H ___100
C h ollar.!................100
Crown Point.......... 100
..IOC
Slade (Fall Biv.) ..IOC
Stark Mills (N.H.)iOOC
Tecumseh (F. R.) ..IOC
Thorn dike(Mas8.)100C
Union C. ML (F.R.) IOC
Wasbl n gt'n ln e w ).. 1OC
•25
•02
•30 .......
Willim’t.io Linen Co.25
York Co. (M e.).. ..750
ItA IV K K T A C K K .
•25
.......
■14
2*15
•25
•50
•05
•20
Bank of Baltimore 100
...1 0
.100
*50
. . . __
•07
3*20
•50
•6C
___ 1
...3 0
...1 0
Merchants’ .......... .100
...2 0
.100
.100
...7 5
...2 0
•10
Kings. &Pembr’ke Iron
•10
•10
•90
•65
2*65
•10
•05
•10
•04
•11
.100
.100
.100
.100
B oy lston ............... .100
.100
.100
100
City........................ .100
.100
.100
.100
.100
.100
.100
.100
.100
.100
.100
.100
.100
.100
.100
.100
.100
Hamilton..............
Hide & Leather .. .100
.100
L incoln.................. .100
.100
M arket.................. .100
•06
Little c h ie f..............50
1*00
•20
O p h ir.....................„.10
Union Consol.........100
Utah...............................
Yellow Jacket..............
1*50 ____
•os
•50
•10
*50
•50
1*20
1-00
•85
•70
B O STO N M IN IN G .
(S ee P a q e 1027J
M A N U K A C T ’ IN G .
Am . Linen (F. Ri v) ..100
96
A m ory (N. H .)....... 100 x l l 5
Amoskeag (N.H.) 1000
Androscog’n (Me.).100 130
Appleton (Mass.).1000
Atlantic (M ass.). .. 100
Barnaby (Fall R iv .). ..
Barnard M fg. (F .K .)..
86
Bates (M e.)............ 100 126
B oon C'ot. (Muss.) 1000
Border City Mfg. (F.R.) 133
Boston Co. (Mass.) 1 0 0 0 tv____
Boston B e ltin g .... 100 175
B ost.D uek <Mass.)700 970
Oil ace (Fall River) .100 101
Chicopee (Mass. ) . .1 0 0 102
Coeheeo (N .H .)....5 0 0 350
Collins Co. (Conn.) 100 100
Continental (M e.).100 2 9 ^
Crystal Spr. Bl. (F.K.)
Da vol Mills (F.K.).IOO
90
Dwight (Mass.)___500 800
Edwards (M e.)___100 115
Everett (M ass.)..New
98
Flint MlUs (F .K ,).100 101
Franklin (M o.)___100 1 0 1 £
Gl’ be Y'.Mills(F.R .)1 0 0
G ranite(F .R .)........100 110
Great Falls (N .H .). 100 x l l 2
Hamilton (Mass.)lOOO 900
Hartf. Carpet (Oc.)lOOi 50
HU) (M e.)...............lo o i 59%
140
Jackson (N. H.)_.1000 850
King Philip (F .K .).100
Laconia (M e.)....... 400
Lanoast’rM .(N .H.)400
L’rel Lake Mills (F. K.)
Lawrence (Mass.).. 100 \:12412
Lowell (Mass.)___ 690
Lowell Bleachery .1 0 0 100
Lo wollMach. Shop. 500
Lyman M. (M ass.).100
66
Manchester (N.H.) 100 115
Mass. C otton____1000 990
M echanics’ (F. R.) 100
Merchants’ (F. R.j 100 108
Merri mack (Mass) 1 0 0 0 1('30
Middlesex (.Muss.).100 125
Nashua (N. H .)___500 X475
Naumkeag (Mass.)lOO 104*3
Newmarket............ 500 300
Osborn Mills (F.R.) 100 103
Paeiflc (Mas9. ) . . . i o 0 0 l
Pepperell (M e.)....5 0 0 1295
Pooaaset (F. R . ) . . . i o o ! 110
Rich. Bnrd’n (F .R .)loo! 101
Robeson (F. K iv.iid O o 1
* Prices i.L'UUiial.
100
120
1650
135
Massachusetts . . . .100
575
.100
.100
76
115
.100
90
.100
126*2
.100
1 100
100
100
.1 0 0
Old Boston........... .1 0 0
People’s ........ ....... .1 0 0
.1 0 0
100
100
100
100
100
1 00
100
South E n d ............ 100
1000
176
975
104
355
30
815
120
100
State...................... ICO
Suffolk................... 100
102
100
100
100
100
100
100
W in th ro n ............ 100
109
1 )2
1 1 2 *$
910
75
60
B r o o k ly n ,
900
115
600
600
100
100
100'
..5 0
100
100
100
125
575
1 0 0 *$l_
600
67
115^
995
fcO
Fort Dearb 0 rn N at___
100
|Merchants’ N a t... 100
jNat.B’k of R e p ... 100
' Chicago N at.......... 100
s P rice par share—uot per cent.
210
200
no
91
245
325
160
310
i
j
I
88
8 8 *fll
80
Importers’ <fc T r ... 100
85
105*3 106
Irving........................50
96
97
87*2, 88
75
85
89
89*4,
124*3 125 “ 1
101
1 0 1 *4 !
90
92
116 117
Mercantile..............lOu
Merchants’ ..............50
175
165
180
400 410
155
500
200
110
150
570
145
210
450
175
210
180
150
200
145
110
2
140
250
105
A sa
90
112
100
Western National. 100 108 ' 112
West Side................100
P h i l a d e l p h i a .^
265
Farm.AMecli.Nat. 100
55
100
200
90
97
87
160
225
500
Park. . . . ,
—
135
130
230
175
100 270
275
i
Republic........ .100
120
I
45
125
1
i
IISt. N ich olas...
J 75 per cent paid In cash
100
184
Tradesmen’s Nat'l. 50
350
600
160
225
225
200
180
225
150
125
......
Bid
100
145
22 o
112*3 120
Nat. Bank o f Com . 100 127*3 132*3
245
79
320
220
300 325
525
I37ig
M ullanpliy............ 100
325
230
130
225
74
220
112*3
110
First Nat’l G old ...1 0 0
Loudon Paris & A . . .
220
118
350
240
135
250
76
240
117*3
195
115
70
221
182%
39
75
P acific...................
IN S U R A N C E
STOCKS.
Am erican................. 50
Broadway.................25
Citizens’ ................... 20
Commonwealth . . . 100
C ontinental...........100
Eagle......................... 4.0
Empire C ity...........100
Farragut...................50
Germ an-American 100
Germania................. 50
G lobe....................... 50
G reenwich................25
70
100
60
100
70
50
220
200
50
80
240
160
60
100
70
H a hover................... 50 100
H om e...................... 100 120
Kings Co. (B’k ly n ).20 150
Manuf.A Builders’ 100
140
70
National.............. -37%
Niagara ....................50 100
North R iv e r ............ 25
P acific....................... 25 120
Peter Coo h e r .......... 20 120
Phenix (B’k ly n )___50 120
R u tg e r s .... . . . . ___ 25 liO
Stuy vesant...............25
80
United States.......... 25 100
W estchester............ 10 140
Williamsburg C ity ..50 300
M A K I N G IN S ITI t AN CE S C R IP ,
125
75
120
io o
70
250
215
70
100
280
170
70
110
80
115
125
170
100
160
80
130
75
140
135
125
120
95
105
165
320
1889............................ 104
1890............................ 104
18 91............................ 104
1892............................ 105
1893 .......................... 105
JComui’c l Mut.1873-82
5
10
500
110
110
i
306
Bid.
39
125
210
101
149*3 150
182 185
235
113 115
l on
110
300
200
14*5
127*3 135
14 3
140
Merchants’ Nat’l .. 100
300
127
125 127
17*2
180
400
95
145
340
81
38%
112
117*3 118
16*4
164
115 115*3
163
ICO 101
89% 90
22
90
91
22
124 124*3 Germania Nation’L l Oo 205 212*3
206
150
164
202*3 205
x l 60
137*3 138
84
96*2 102H
710
99*3 100
117*3 1 L8
98
106
90
136*3 140
95
84
125 125*3
90
122 129
114 117
80
85 |Whitney National-100 340 390
117*3 118
88
1172k 118
192 200
1192U ly o
145 147
225 235
240 270
127 130
175
115 120
90
125
93
9 on,
450
90
|C hath am ................. 25 345 400
Il3 % !li5
106 107
Chem ical................100 4000 4800
95*3 96 ■City..........................100 425
85 . 90
Citizen’s ................... 25 140 160
215
97
99
89*3 90 iCommerce..............100 172 180
89
125
90
92
Corn E xchange ...1 0 0 260 290
91
123 124
125
147*«. 148
145
94
96
233 237
2000
125 130
160 160*3
109 109*4
120
1 12
104 106 *
96
Fourth National ..1 0 0 195 201
98
158 162
Gallatin National ..5 0 304 310
122
125
147 147*3.
1 20
26th W ard._.......... 100 165
112
i ’oo
155
375
140
Hide and Leather. 100
44*s
117
117
11
39
100
I nsurance Sto ck s .
State of N. y
..40 2 0 0
100 142
100 150
100
Ask.
150
300
Drovers’ National.......
141
T- 16*2
19%
....... 120
.,
10
Bid.
......... 350
59
114
980
] 02
1300
122
175
102*3
100
47
25
900
153
150
30 215
50
250
100 280
100 1 6 0 . |
50 150 1
170
I? 6 6
1300
.04
B an k Stocks .
116
245
100
110
1035
135
490
105
310
Ask.
Bid.
112
235
102*$
.......
110
x960
100
1200
117
170
lo t
98
45
2 lh
x895
is o
23 7
640
117
180
250
310
120
130
150
150
300
125
165
110
IzO
N.Y. S to ck ............ 19, o Oub 20,000a
19.750
1 0 0 b. 115a.
Last sale, Dec. 1 1 ...
110
N\ Y. P rod u ce..............
600 ask.
Last sale, Dec. 4 __
575
N. Y. C otton................. 825b 1,000a
1 .0 0 0
N. Y. Coffee................... 175b. 225a.
Last sale, Nov. 1.......
200
N. Y. M etal................... ......... 100 a.
Ii’lE 8t. Ex. &Auo. R’m 750b. 800a.
Last sale, Nov. 1 5 ..
777*3
Boston S to c k ............... 15,000 ask.
Last sale, Nov. 10..1 13.000
Philadelphia S tock ... . 2400b2 500 a
Last sale....................
2.500
Chic. Board o f T rade..
900
1 , 2 0 0 b.
Chicago S tock..............
i.5 0 0
Last sale, N ov...........
Pittsb. Pet. St’k *&Met. 500b. 575a.
THE CHRONICLE.
D eckmbeb 16, 1893, J
R oads .
J m ie stm e u t
1U®5
Latest JEartvings Reported. ,
WeeJcorMo
1893.
| 1892.
Jan. 1 to la te s t Date,
1893.
1892.
1
Gr-Trunk— Con.
$
i
DeLGr.H.&M. WnkDeo. 2
23,422 1,038,345 1,113,926
16,305
Great North’s —
St. F. M. <k M. November. 1,540,156 1,642,105 12,579,011 12,328,002
East, of Minn November. 175.3S6 181,315 1,244,015 1,177.191
M ontana Cent November.
89,154 112.029 1.019.328 1,095,248
Tot. system. November. 1,805,196 1,935,449 14,84 2,851 14,600,441
t h e I nvestors ’ S cfpdehent , a p a m p h l e t o f 150 p a g e s
Gr. P.Wal. A Br. September
2,054
1,453
10,376
17,189
c o n ta in s e x te n d e d ta b le s o f th e S to c k s a n d B o n d s o f R a i l
Gulf & Chicago. November.
40,153
4,964
6,330
34,079
H a rtsv ille. . . . . . September
7.360
1,117
775
7,SOS
r o a d s , a n d o t h e r C o m p a n i e s , w i t h r e m a r k s a n d s t a t i s t i c s c o n Hoos.Tun.&’Wil.
3,210
S3;.590
2,966
November.
322176
52.300
55.000
c e r n i n g t h e i n c o m e , f i n a n c i a l s t a t u s , e t c . , o f e a c h C o m p a n y . Hons. E.&W.Tes November.
Humest’n&Siien November.
15,259
123,313
10,100
132,306
I t i s p u b l i s h e d o n t h e l a s t S a t u r d a y o f e v e r y o t h e r m o n t h — Hutch, &Soutli'n A ugust.. . .
7,937
46.148
11,104
49,223
v i z . , J a n u a r y , M a r c h , M a y , J u l y , S e p t e m b e r a n d N o v e m b e r , Hlinois Central. November. 1,S30,594 1,709,131 20,269,177 17,506,796
IndJDeo.& West. November.
36,521
31.855
389.586
460,154
a n d i s f u r n i s h e d w i t h o u t e x t r a c h a r g e t o a l l r e g u l a r s u b In.&G t. North’u Istw k Dee
90,012 3.785:609 3,840,406
91,096
Unteroc. (M ex.) W kNov.25
37,242 1.912,256 1,655,743
■lOilOl
s c r i b e r s o f t h e Chronictue,
Iowa Central. . I stw k I>ec
44,957 1,776,168 1,786,009'
42,502
Iron
Railway.
36,778
3.652
November*
1,150
33.440
T h e G e n e r a l Q u o it l i o n s o f S t o c k s a n d B o n d s , o c c u p y i n g
Kan&wlia&b ic-li 1st wk Dee
6.402
337.039
0,859
346,300
t i x p a g e s o f th e C h r o n ic l e , a r e p u b lis h e d o n th e t h i r d
5.659
Kan C.Cl. & sp . 1st wk Dee
314,775
4,743
300.S67
K.C.F.S.AMem 1st wk Dee
77,955 100,704 4,347.699 4,662,998
S a t u r d a y o f e a c h m o n th .
K.C.Merw.&Bir 1st wk Dec
27,888 1,028,416 1,042,189
27.452
2,027
178,407
K. C. Pitts. A G. Ist w k Dee
5,064
62,236
224.404
3,629
3,083
Kan,C. Sub,Bob 1st wk Dee
120,312
317,121
7.015
Kan.C. Wy.«feN W Is t wk Dee
10,500
319,156
R A IL R O A D E A R N IN G S .
Keokuk & West. Ithwk No v
9,401
11.045
357,809
369,723
L. Erie All. A bo. November,
72,445
6,562
75,731
7,526
Jan. X to Latest Late,
Latent B a m in g s Reported.
66.176 3,280.454 3,308.489
L. Erie & W est.. Istw k Dee
49,844
Roads.
'547,884
Lehigh A H u b. November.
431,122
42,64.8
53.031
1893.
! 1892.
1892.
I Week &rMo) 1883.
42,282
Little B ock A M. October. ..
54,318
3,300,292 3,342,628
Long I sla n d .... Beptemb’ r.
8
i
j5(
S
s
318,523
Lon is, & Mo.Riv. Septemb’r.
52.508
41,330
346,761
148.23*]
113,236 I
13,897
15,195
AdtroBdMifc-*-. October. ...
37,583 1,043.979 1.425,205
28,417
Ist wk Dec
Allegheny V&i. 1October,
190,901 257.911 2,085,5541 2,183.090 Louisv.AN ash v . Istw k Deo ■106,085 481,113 19.204.130 20,309,695
A tvE T .A S . Fe* j 1st wk. Dec! 732,182 77-1.817 36,653,686 37A154,606 LmiD.NkA.&Ch, 1st wk Deo
59.643 3,293,380 3,075,293
04.036
S t L. <k Baa F flat wk Deo! 159396 382.135 8,133,517i 8,469,789 Lou.St.LAc Tex. November.
53,432
32,798
Agio -total...11st wit Dee] *92.078 956,982 *14,787.203 45,524.395 Macon A Birm. November.
6.176
*67,741
e iie o s
7.051
AtlantaAOhar.c*;s<s»i**mb*r.
511,9341
519,103 Manclms A Aug SeptembT.
4.0,423
58.906
10,844
1,759
1.251
9,757
}O c to b e r.. - j 701,770 J 757,57‘i 16,036,549116,602,428 Maiiisiiqmw . ... November,
72,014
720
721
81,427
WmtA'm
O cto b e r,, J
582,035 5.366,000} 5,152,50-8 MomphisA Ohas, i thwk Nov
19.230 1,280.91
1,311,779
51,449
T ota l......... 4 October, . . j ,282,S82 2.339,607 21,403,! 19121,751,936 'Mexican Cent. 1st wk Dee 162,451 160,767 7,423,663 7,360,631
B*L&€>.£<)»*w j fist wk De<
121,841 129,471 6,257,1.78| 6,303,171 Mexican inter'i October. ..
108,918 240.436 1,673.347 1,639,008
27,8431
*20,670 ; Mex, NaimnaL 1st wk Dee
8,240
B a t h n 4 » | 0 » : - t # b e r . .„
6,748
85.211 3,934.573 4.318,668
75,354
36,53'7j
3-71860 tMexican R-’ way Wk f
Bir. <k A tlantic-. iNovember.
3,671
1,811
52,500 3,821,887 2,798.865
53,500
2
RtivSk.M Te as, B \j tin e
*.
4,814
21,206
140,940
7.9 U
7,14
149,292
Mineml Rangel ith w k Nov
32,602
39.027 1,719,989? 1.763,965 Minneap.&bt.L. November
B rooklyn B ie r ,, i i» t w t Dee
155,365 206,252 1,650.332 1.842.809
57,214
Butt,Roeti.,AFi11 l .*%wu !>*?»56,805 3,201,71 ll 3.009,503 M.
102,050 117.413 3,098,400 2,902,590
SLP. 4'S.S.M.
-ithwk Nov
Bnifelo & ShMi Oebiber,
Mo. Kan. A T e x .. Istw k Dec 248,062 232,929 9,063,136 9.116.302
86,154
Bur. C. Rap. A N 1«t w k Dee
101.222 3,935,893} 4.0-12,056 Mo.Pac.A l rouM Istw k Dec
175..... . 521,000 23,325,439 •25,804,681
75-.5*».i
73**,23> Mobile & Birm. Ithw k Nov
49,787
46,70*8
0 smdeD A A U October. ..I
7,113
9,468
139,000 19,703,IW«j 19,0.11,-29 Mobile A Ohio November. 382.770 302,587 2,989,780 3,013,954
Canadian Far i0 < 1st wk Dec! 380,000
31,07 1
19,240 M ouu&M ex.Uli Qotobor.
2.636
1,373
CAr.CamA* AC%
855,489
110.000
5,0*55
55 ,82lj
*58,329 N
Cmr. MMl&m!.., November.!
5.197
382,037 425,045 4,350.213 4,707,162
01.1.. N'oveiubor.
|
* ....... - Xuvad;* Oemrai 8eplomb*r
003,0*40 614,-480
Central of O a .. October,
31.272
4.470
30,720
2.6 16
Central e l N. J - - ;« biielwr. - J i b,303,033 1.271.708- i 2.2 IS, 104 ?11,908,779 S , Jw.«ey A-N.T. AngaftT----21 1,340
35.508
32,706
210,692
Gets tml Faclfle.. (Nepttsmb'r. j 1>,133,429 i ,395,0-. J 10,797,1193111.034,801 NewOrl.&So’ a .. s.n,-iuhi-i-.
130,470
118.060
19,032
20,739
6,*150
74,0711
70,653 N,y.C,&H .R — November. 3,807,130 4,063,509 ■13,130,386 41,744.990
6,<53!
Central o f SL O ., be ptem b'r
133.004}
134,058 N, V, 1,. E. 4.: W. O ctob er.. 2,732,11-0 2,758,392
15,760
15,277
CbAf.Cfa.<k< Ib t (November,
478,142
455,4
84 N. Y.Ra.AOUio.. bepteiiib’ r. 655,370 664,562 5,457,699 5,301,310
30,383
34,305
€Smr!e«F»&Swv ISwptniuiFr.
138.1071
132.476 N, V..V N. I ; : , . .. -eptnuib'r.
13.500
N o.[November,
13,000
4,026,407 4,530.635
50,351
j
46.500
5,752
4,675
©fe&tbtaa Lake,. #mtoher. ..
>43,638
15,81(5
522,895
4-2,352
N,Y..v Y ortb'u .. November.
8,848'
Che raw, aR Dart... Joe to her. ..
lf>«063
3.255.817
3.686.099
02,774
61,305
N. y . o u t. a 2 . l st- wit Dec
Ch.m,S& Ohio-- ..J i m wk D ie DlT.ACkl
1,179.910 1,445,543
168,4.84
108,580
N.Y
S8us.fr.
e.
e
.
Oetobar.
..
1,414,795 Norf. Sc Sou tli' n O etb b et...
Ckm. O. A.ft. W . 1August „.. 187,199
363,024
3(3,518
357,653
35,030
1,819,871 N'nrtoik .v West. 1 -t wk Dec 187,650
.
Ohio* Bar, A N o , fOciobfe*...
219,039 9,375.086 9,206,139
Chin. B ut. M 0 .. Oetobcr. -,[3. .8-13,746 ■9>88,'L10 12,505.71 33.345,223 N’tUcasl’ u iS .O
407,527
473,069
34.982
36,010
Ghte*&£a*tr lu .|i,o wk Dee
601,102 712.230 5,810,01® 5,931,605
Sortb'ii Ceiur»l. i ibiober.
C h lea roA .8ria,iO ctober.... 418,881
Nortb’ n JPactbcS No',- mber. 1,781.03a 2,392,042 22,024.652 27,040,268
1 13.557
CMe. Ofc. Wt^Cri 1st wk Dee
3,503
Oconee -V Wes t O ctob er...
C h.J.R .A U & Y . ,«*k m m W t.l 2l9*6b9[ 2 .
350,143 893,694 3,458,248 3,496,806
Oblo & M iss.... October.
i 1,040,138 ]32.57<Y,22 0 Ohio R iver....... 1st. w k Dee
Chic-MMM St, F t l „ r w k 1m. » 014,290
740,887
766.524
17.748
13,197
Chib.AN'thwbjAioyrober. ..{3 ,679,740(8 ,099,080 i7#O20,942128,055,959 Ohio Southern. November.
600,81.5
613,023
60,992
Oile*.Feo,A S. X*t j:id w k N o v. j
430,087
411,098
49,493
45,640
Omaha
A
c
St.
L.
Sei*temt»’r.
.
.
.
.
_
_
© lie,M fk 1 A P .- November. 1
l *983,990 18,140,508117,162.890 Oretrotilmp.C o.!O ctob er... 350,005 350,768 3,253,207 3,382,602
' "4.3.52
' " ' J 7.894,429 PMl.Temi.AcAla. <),'tu ber...
0t*HXS3O i ,023,972 6,7
CWc.at.P.M.AO be,tolW:*r.
243,534
166,905
17,778
18,63.0
27,138
37.021 1,779,151 1,884.520
Ohio. & W. Mich, list wk Dee!
155,676
178,746
20.435
10,852
1'tnn. Mlrtl’tt -iO ctober...
65,02 i PenneylvaEia.,.
63,613
4,764
.; :
CIs. €S*» A Port* November.
0,290,883 55,784,224 56,889,037
5,480,275
O
ctob
er...
662,387 i 'aorjiii>ee.*.f. v i :. t svk D oc
025,421
15.330
11.151
C4a. J m k A Mae- t1*?•w fc Dee
799,805
800.895
15,888
15.045
Q a . E O. & T . FJOeiober. ,. 342.000 375.265 3.209.937 3,310,198 Petersiuiri:........ :<tctobei.
454,447
4.40,250
40,506
37.600
1,401,353
.
165,551
Ala. Ot. Sooth-!October. _.
4,383.309
4,397,475
585.284
•195.303
I'uiln. At E rie...i()etober.
N .O rL ,k N. E J o c to b e r... 174,000 126,695 l rJ32,745 1,050,708 P b iia .i Keait'B.(O cto b e r... 2,127:430 2,248.219 18,702,607 19,101,570
4.97,75 14-52.573
59,6*54
72,000
Ala. A Vlck.#b.[ot*t«btir....
2,923.623 2,076.865
Coat itelr. C o.c, <jetober.
: -J
440.707
00,095
04,000
'Violas* 8ft». «Sc P. t »«to b e r ,. 5,051.053 4,325,083
Tota l both Cost October.
Erlaager Sy»t, O cto b e r... 827,00*) 785,262 6,736,645 6,900,820
1,490,781 1,507:463 7,132,453 6,902,235
LeUbflt Valley. >tay.......
19,015
10,065
1,627
Cm , Northwrn A !November.
1.865
36,756
31,459
2,1071
3,935
Pitts.
Mar.
Sc
Cb.
November.
238,920
21.809
245,618
21,726
359,322
C is. Port#. A V..i November.
460,993
44,41.6:
35.825
1,3.139 t'itt,8:ici: Vl,.H. November. 114,599
13,567
992
.1,108
Col. A Mayev,-November,
124,739 1,343,258 1,103,018
Pittab.
,v
West
i
)et<>
le
r
...
899,290
910,214
25,120
Clev. AkronACo. I,4 thw JcNov
20,967
534,758
688,697
02,770
82.8951
Pitt-. C1.& foi. O ctob er...
266,587
CL CJh.Ch,AS.L.j ls t wk Dec 227,709 275,101 12,907,385 13,808,900
313,191
36,904! 28,585
Pitts. Pa. & 1<-, O ctob er...
2,168,807
Fee. A !Etal’ B.F$e ntotub’ r. 174,929 175,093 1,291,093 1,321,729
2,531.234
65,150
52,666
Total system.. -UlnvkNov
49.017
245,699
10,102
7.971
d e v . A Marietta { itfiwkSep.
84.279 126,169 1,133,278 1,237,082
Pt
1
1.
V
o
on
*
A
.
!
Oe
tobor.
-.
4-8.573
32,374
4,198
169,371
6,720
Col. Newb. &• DJsepteintFt'.
202,905
32,791
23,108
Pt. Rovat ,V ,4ug. Septenib’r.
192,623
Col, H, V. A Toi.{November. 25.8.339 293,332 3,054,890 3,072,179 Pt.Rov.AtW.Car, S&itomb’ r,
231,758
22,121
29,640
07.004
258,326
73,417
•CoLBbAwaeeA B {October.
241,080
23.734
18,598
0-,v K.C. Novcmber.
23.862
27,902 Quiney
2,500
2.55(1
Ooliwa A Lake -, INovem bc-r.
RielTJ .2 D a n e .! 1st wk Dec 206,390 233,640
1.315
1,023
C rystal.. . . . . . . . October.
54,025!
57,3*1
Qeuritia P a c.. lis t wit Dec
141L307
8.316
632,995
1,080
Quirmtit R iver., Istw k Dee
024,028
62,403;
51,099
ttiok.Fr’Mi.ifcP. O
' cto'b e r...
297,594
B e n t. A Bio Or. Is tw k Dee! 135,800 185,500 7,287,371 8,583,213 Rich. <k Pete ra n. October. ..
25.321
30,-1811 287,702
305,938
626,690
38,001
437,072
22,179
Ben. M. No. A- W No veto#
25,442'
10,252
-till .vk Nov
RtoGr.
Soatb'a.
342,320
28,80.8
2,432,406
17,608!
Det.BayC. & Alp.(Ooi oi*er.
,137,943
36,000,
32,400
Rio Or. West’ ll.. 1st wk Dec
.
114.507
2*2.900
X>et.Lans'kANo .|ist wk Dee
1.17,7.10
18,548
11,1.33
9,952
November.
Sak.Tascoiu&H.
77,975
38,000 3,944,905
78,029
27.391}
DtilhfehS.S.a6 At o !-Ithwk Nov
8,119;
7.620
Saa.Vul. <ScSt. L.. O ctob er...
211,171
18,520
29,850 1,151,005 1,401,020
10,304
D oiath a Winii.,JOetober. .
26,690
Istw k .Dec
St.
b
.
A.
&
T
.
H.
3,297.669
27,438
114.912
........
20,098
2,085
MSennSsk.M O a jist wk D«
3,608
774,310 St.E.Kcu’etWSo. November. 126,5.10 117,101 4,638.503 4,231,638
878,88fi
70,909
92,320
m ^ a .,r*?LA Easi Novcm l»c
S tl-S outU 'V rn, 1at wit Dec
1,941,419
61 3'
7,032
1,620,374
217,059
Bare S;» ri n gs •8eptem V
151.387
S u P a u l* Dul'tb November,
341,31
7,144
5,909
►is tw k p i
Bvas#
San s i i i . « a . P affitetnb’ r. 188,521 225,4.64' 1,286,050 1,150,154
3,290
810,236
768,977
2,404
22,001'
Evans. A Rich.. --l$d wk Oc
22,889
s.i-'ioii.W. N.Puc itin vkN ov
24,849
1.310,036
481,033
21,813
480,251
50,553
Mtrnmt, A T. II . int wk IN
37,587
Sav. Am. ,v. ,Mou November.
2,212,423
010,55 |1 702,132 6,143,818
2,093,812
Fltehtmrv, . . . . . . JOdtoher.
HcpteiuH'r.
Sav.Fta.
A.
West,
2,520,423
01,963
91,357
!
70,005
4.9,741
12,543:
Flint m F.Marrj. l4thwkN<
' ‘ 8,000
SUvertou............ Novemiicr.
102,273
157,865
150,759!
3,089
30,743
8,7 D |
28,570
Florence..,..*..*.. ;8eptcmb'
Sioux c ’.ty-v No. M ay........ .
181,050
311,042!
97.667
99.029
20,500
20,000
FIN lent, *fePanin |J nnSoLitti Bound— November.
| 44,578
344,508
Ft, f , A B io Cfr {November 1
00, Pacific. Co.
8,70 i
1.1-4
' *6f0:
Dads, A AIL 0 . . Novembers
October. .. 423,594 4.76,257 3,510*005: 3,703,049
GaUIur.WS.A
33,607 1,310,245
859,918
913,471
Oeorgla
wk Dew
LuHts'u West. O ctob er... 113,191 109,508
4.250,543
*13.770
Oa. CnFla A No <mlober. ..5
M'H'Ccwal.Wi OcKiber. •- 613,359 609.007 4,315,323
601 »,!)<15
733,160:
203,989
33,3-15!
35,823
212,9.50
Oeo, So, 3s FXa.:,A!Novatober \
O
ctob
er...
N.Y.T.&.Mcx.
3i,o4 1;
Bmftg&t’ o. A W'
O ctob er,.. . 153,600: 153,105 1,4.60, u i 1,373,808
3 tJ 3 S !
-i 92487! 2.072,85 l! 2,340, ()<0); T es.W N .O rl-. Del idler, .. 1,379.751'1, 1 0 8 ,8 0 8 10,059,789 10,500,813
L“4 Wk Bern
ttr, Bap. & 1st
AUiinliesis.d' 404.6*14!
401-,r%Tt* ;
29,807,043
' fV2*)l
-3791
1at wk B ee
Pacific Hyste: October. .. 3,332.000 3.-152.083 29,nHl,b09 40,398,756
,303
1
48,899
!«t wk P m
Trav ew>
Total ot ail - - October. .. 4,7 11,751 1,800,Ool 40,137,591
174.,318
;i st m*k l) f,,.(
1 "702'
3,002 1 131,9351
Cba»t!>iv(Cai,i <Sep'iabr. l .o o a .l t l 'l . o o o .s s s 8,008,771 7,558,922
K a il
(',2,793 ! 2 058,322} 3,030..092
Total a U tine* l®i wk tme
Sou. IHv.iVid i
1.130,571.
342,385- 404,437 j 18*083,571118.74 6
G n c n V o u * , . W U I O’A jte m a I'.Hv.. jcp tcw b ’r. 153.9801 171.639 1,492.782
82.160 | 3,956,08.8! 3,485 *2j n
C h »v*G r.rr i\v.k B e v m 58/799
um
IlaxXroad I n te llig e n c e .
80.071
200,280
207,151
2LL479
105,205
254.770
807,030
1.973
2*2,1116
66,07
9,304.210} 9,820,394
1,529.715]
4,217,501 8,903,052
*2.818,9591 2,299,050
4,078.217} 4,74.5,700
33,388
180,323
382,728
300,863
1,100.878
2,055,41 l
114.150
5,872,011
60.342
35 4,662
32,829!
42,502i
0,25.8,108
2,610,0:03
26,163
340.023
13,011
1,300,813
205,1*10
103K
THE
L a test E a rn in g s R eported.
R oads .
Week o r Mo
So. Pac. Co.-Con
KewM ftxJ>lv. September.
Calif. Pacific.. Septemb’r.
Oregon&Calif. Soptemb’r.
South Carolina. November.
8outh&Nor.Car. Septemb’r.
Spar. Un. A Col. Septemb’r.
Staten Isl. R. T. October. ..
SfconyCJl.&CMt.. Septemb’r.
Summit Bran oh. October. ..
Lykens Valley October. ..
T ot’l both Co’s O cto b e r...
T exas A Paciflo. 1st wlc D oc
Tdx.S. Val&N.W November,
Tol. & Ohio Cento ls t w k Dec
Tol. P. A W est.. ls t w k Dec
T ol.S t. L .& K .C . 1st wlc Dec
U lster & D e l— Septemb’r.
U nion Pacific—
Or.S.L. A U. N O c to b e r...
Or.Ry. AN.Co O c to b e r...
U. P a c.D .& G . O cto b e r...
St.Jo.AGd.Isl. 1st wk Dec
All other lines. O c to b e r...
Tot.U.P.8ys. October. ..
Cent.Br.&L.L. O cto b e r...
Montana U n.. October. ..
Leav. Top. AS. October. ..
Man. Al.A Bur. O cto b e r...
Gr’nd total J O cto b e r...
V erm ont Valley Septemb’r.
W abash.........
1st wk Dec
Wab. Ches. A W . August___
October. ..
W est Jersey..
W. V.Cen. & Pitta November.
W est Va. A Pitts. Septemb’ r.
West. Maryland. November.
W est. N.Y. A Pa 4tliwk Nov
Wheel. A L. Erie ls t w k Dec
Wil.Chad.ACon, Septemb’r.
Wil. Col. A Aug. Septemb’r.
W rightsv.ATen. October. ..
1893.
1892.
C H R O N IC L E .
Jan . 1 to L a test D ate.
1893.
$
700,665
742,638
1,185,533
16,049
84.599
893,697
41,719
1,058,119
909,878
1,967,997
6,678,285
52.205
1,844.293
913.299
1,667,752
334,651
1,205,299
13.223
80.270
920,441
51.916
1,086.292
895,296
1.981.588
6 ,3 5 /.093
45,920
1,855,049
926.208
2,082,896
326,790
502,361 630, 681 5,021.178
465,238 675; 519 3,122,899
443.768 569, 209 4,239,003
40, 208 1,078,911
29,033
,993,012 2.432, 926 16.855,371
,499,570 4,493, 269 30,196,134
82,603 140, 211
826,678
59,341
90, 2071 661,966
23,388
2, 353;
2,918
4, 540.
35,055
3,98 4
,615,294 4,682, 030 31,383,015
I 145,188
225,700 254* 700 12,988.257
62,561
7, 803
7,485
125,412 14<», 588 1,474,810
96, 106 1,085,235
98.324
35, 253
306,232
34,781
88, 758 1,115,163
85,204
85, 500 3,267,969
85,100
26, 679 1,436,0 5
27.367
2, 17 J
17,740
1,505
61. 565
48.368
459,529
004
8,355.
5,972,648
3,913,892
4,833,384
1,163,244
19,720,524
35,469,591
1,118,265
904,165
27,946
34,101
37,070,961
152,382
13,271,1^8
48,860
1,494.916
1,002,677
243,223
1,060,159
3,215,566
1,347,403
21,767
568,364
70,877
124,916
176,690
111,500
1,271
11.634
73,665
5,000
124,982
114,593
239,575
138,815
7,450
32,243
18,761
33,495
43,565
86,610
140,855
214.666
122,672
918
9.876
79.112
7.231
123.410
96,862
220,278
186.175
5,747
40,954
20,332
39,55^
42,269
* Includes Col. Mid. in 1893 and 1892 fo r week and year to date,
t Includes M ilwaukee A Northern fo r all periods.
§ Includes Wis. Central to September 26 inclusive for both years.
a Figures cover only that part o f m ileage located in South Carolina.
e T h e business o f the Lehigh V alley and Lehigh & Willcesbarre departm ents is Dot included, d Includes earnings from ferries, etc.,
n o t given separately, J M exican currency, e Tol. Col. A Cin. in eluded
fo r the week and sinee Jan. 1 in both years. /I n c lu d e s on ly half of
lines in which Union Pacific has a half interest, h Includes from Sep"
tem ber 1 earnings o f Milwaukee Lake Shore A W estern in both years.
i Includes H ancock A Calumet fo r O ctober only,
j Includes Ohio A
M ississippi in both years and from January 1 to latest date.
Latest Gross Earnings by Weeks.—The latest weekly
earnings in the foregoing are separately summed up as follows:
For the first week of December our preliminary statement
covers 59 roads, and shows 12'38 per cent loss in the aggregate.
I s / w eek o f Decem ber.
1893.
$
732,182
159,896
St. Louis & San F ran...
Balt. A Ohio Southw est.t
121,841
32,602
57,245
Buffalo Rooh. A P iu s b ’g.
86,154
Burl. Ced. Rap. A North.
Canadian P a c ific ...........
380,000
167,503
92,626
Chicago & East. Illiuois.
Chicago Great W estern..
80,071
Chicago Milw. & St. Paul.
614.290
•Chic. A West M ich igan...
27,138
Cin. Jackson A Mackinaw
11,151
227,709
Cleve. Cin. Chic. & St. L ..
1,686
135,800
D enver A R io Grande....
18,546
D etroit Lans’g A Nortli'n
East Tennessee Va. A Ga.
114.912
5 , h09
E vansv. & Indianapolis.
21,813
E vansv. & Terre H a u te..
32,329
Grand Rapids A Indiana
31,733
Cin. Rich. A Ft. Wayne
6,204
*
670
1,702
Mus. Gr. Rapids A Tnd
Grand Trunk o f Canada*
342,385
Intern’l & Gt. North’n ...
91,096
42.502
Kanawha A M ichigan___
6,402
Kan. Citv Clin. A Spring.
4,743
Kan. <?. Ft. 8. A M om ___
77,955
Kan. City Mem. A Birin.
27,412
Kan. City Pitlsb. A Gulf.
5,u64
Kan. City Suburban Belt.
3,633
Kan. C. Wyan. A N. W ...
10,5 *0
49.843
Lake Erie a W estern. . . . .
Louisv. Evansv. A St. L ..
28,417
Louisville & N ash ville...
406.685
Louis. N. A lbany A Chic.
54 036
162,451
75,354
243,862
Mo. Pacific A Iron M t___
47 6,000
N. Y. Ontario & Western
61.365
N orfolk A Western..........
187,650
13,197
15,045
Peoria Dec. <k E v a n sv...
R ichm ond A D a n v ille ...
200,3u6
57,311
Georgia P acific............
32,400
Bt. Joseph A Gd. Island.,
29,033
tit. L. Alt. A T. H ..............
26,690
Bt. Louis Southwestern..
126,510
188,81~
T oledo & Ohio C entral...
32.243
Toledo Peoria A West’n ..
18,761
T ol. St. L. A KaD. City. .
33.495
1892.
$
774,347
182,135
129,471
39,027
56,805
101,222
439,000
200,269
105,205
113,557
807,630
37,621
13.339
275.101
3,316
185,500
22,966
12L.559
7,144
24,849
33,607
49,987
8,794
950
3,062
404,437
96,012
44,957
6,859
5,659
109.764
27,8-<8
2,027
3,6^9
7,0 L5
66,175
37,533
481,115
59,643
160,767
85,211
23 2,929
521,000
62,774
219,039
17,748
15,888
232,640
54,025
36,000
40,208
29,350
117.101
186,175
40,954
20.332
39.559
In cr ea se.
D ecrease.
9>
$
440
............
42,665
22,239
7,630
6,425
15,068
53,000
32,766
12,579
33,486
193,340
10,483
2, If 8
47,392
1,630
49,700
4,420
6,647
1,235
3,036
77 8
18,249
2,590
280
1,360
62,052
4.9 L6
457
916
31,809
436
3,037
54
3,575
1,684
15,933
3,316
9,409
2,640
Is/ week o f D ecem ber.
1892.
16,332
9,166
74,430
5,60 7
9,857
46,000
1.409
31,389
4,55 L
S43
26,244
3,600
11,175
3,160
8,711
1,571
6,064
Wheeling & Lake Erie ..
fVoL. LYII,
1893.
1892.
$
225,700
27,367
$
254,700
26,679
6,536,743
7,483,305
In crea se.
D ecrease.
<n
9
688
40,776
Nflt, decrease (12 33 p. o.)
29,000
967,336
926,560
* Week ending Decem ber 9.
t Includes Ohio & Mississippi in both years.
Our final statement of earning3 for the fourth week of
November covers 74 roads and shows a loss of 10 07 per cent.
4 th week o f Novem ber.
1893.
1892.
Previously rep’d (57 r’dsl
Chicago A Grand Trunk’
Chicago Great Western..
Cleve. Akron & Columb.
Dot. Gr. H aven A Milw.*
Duluth S. 8. A A tlantic...
■ ist. Tenn. Va. A G a ___
lnteroceauic (M ex .p ___
Kan. C. Wyan. & N. W ...
MempnisA C harleston...
M exican Railw ay’ ..........
Mineral R ange.................
Minn. St. P. A S . 8. M ....
Mobile A B irm in g h am ...
Rio Grande Southern___
Rio Grande W estern.......
tan Frau. A No. Pacific.
Western N. Y . A P en u ..
$
8,642.926
57.096
100,149
20,967
17,460
27,391
173,248
40,101
10,626
51,449
53,923
7,147
102,050
9.468
10,252
67.400
22,389
85,100
$
9,611,404
67,469
125,772
25,120
23,076
38,000
193,851
37,242
7,490
49.236
54,500
7,9 LI
117,443
7,113
25,442
65,300
22,001
85,500
*
66,739
9,499,647 10,563,870
............
............
* F or week ending N ovem ber 25.
80,340
............
Total (74 roads)............
Net decrease (10 07 n.c.).
In crea se.
2,859
3,136
2,213
2,355
2,100
838
D ecrea se .
$
1,035,267
10,373
25,623
4,153
5,616
10,609
20,603
572
764
15,393
15,190
400
1,144,563
1,064,223
Net Earnings Monthly to Latest Dates.—The table fol
lowing shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month m these
columns, and the latest statement of this kind will be found
in the C
of November 18. The next will appear in
the issue of December 23.
h r o n ic l e
Roads.
-N et E a r n in g s .—
-Gross Earnings.
1892.
1892.
1893.
1893.
$
S
$
190.901
71?931
195,466
68,738
464,039
1,616,666 1,674,914
315,704
29,526
55,049
113,268
128.829
200,84L
1,016,453 1,042,462
291,818
104,576
43,305
28,890
31,085
207.408
736,535
703,410
205,531
324,456
305,394
107,251
97,969
28,023
55,034
52,323
16,597
50,727
193,448
197,096
81,9 8
352,421
96,477
130,244
309,679
2,993,031 2,762,812 1,028,890
909,465
540,322
430,404
1,378,203 1,264,372
175,629
174,201
382,037
425,015
4,350,2 43 4,707.162 1,763,079 1,786,150
887,522
830,234
1,892,888 2,225,014
2,932
2,703
7,620
8,119
19,282
23,373
78,629
77,957
19,280
44,990
57,131
10,480
158,229
412,664
430,480
44,245
21,900
5,774
8,378
. 24,075
22,795
191.042
31,427
160,550
Chic. A W. M ich........ Oet.
Jan. 1 to Oet. 3 1 ___
Det. Lans. & N or.a ..O ct.
Jan. 1 to Oct. 3 1 ___
Elgin J oliet A E .a ...O c t .
Jan. 1 to Oct. 3 1 ....
July 1 to Oct. 3 1 ___
Houst. E. & W. T ex..N ov.
July 1 to Nov. 30___
Louisv. N. A. & C .a .. Oct.
Jan. 1 to Oct. 3 1 ___
July 1 to Oct. 3 1 ___
Nash. C h .A S t.L ,.b ..N ov .
Jan. 1 to Nov. 3 0 ___
July 1 to Nov. 30. ..
Sag. Valley & St. L .-.O ct.
Jan. 1 to Oct. 3 1 ___
Sav. Arner. & M o n t... Oct.
Jan. 1 to Oet. 3 1 ....
South B ound........ a -.O ct.
Jan. 1 to Oet. 3 i ___
Union Pacific—
O reg.S.L.A U .N .b...O ct.
502,361
630,681
Jan. 1 to Oct. 3 1 .. 5,02 L, 178 5,972,648
Ore. R y .& N .C ob— Oct.
465,238
675,519
Jan. 1 to Oct. 3 L.. 3,122,899 3,913>892
Un.P.D. AGulf. b __ Oct.
443,768
569,209
Jan. 1 to Oct. 3 1 .. 4,239,003 4,833,38.4
134,935
Bt.Jos. A G d ,Isl... .Oct.
95,191
Jan. 1 to Oct. 3 1 ..
957,686 1,029,145
A ll o th erlin es-b ...O ot. 1,993,012 2.432,926
Jan. 1 to Oct. 31..16,8551371 19,720,524
T ot.U n .P ac.svs.b...O ct. 3,499,570 4.493,269
Jan. 1 to Oct. 31. .30,196,134 35,469,591
C en.Branch b .........Oct.
82.603
140,211
Jan. 1 to Oct. 3 1 ..
826,678 1,118,265
59,341
90,207
Montana U nion b...O ct,
Jau. 1 to Oct. 3 1 ..
904,165
661,966
Le’ v. Top. AS. W .b .. .Oct,
2,353
2,918
Jan. 1 to Oct. 3 1 ..
27,916
23.388
4,540
Man. Alma A B .. b .. .Oct.
3,984
34,101
Jan. 1 to Oct. 3 1 ..
35,055
Grand t o ta l..b ...O c t. 3 615,294 4,682,030
"
'
Jan, 1 to Oct. 3 1 .. 31. 383,015 37,070,961
West Va. Cent. A P..Nov.
98,324
96,106
Jan. 1 to Nov. 3 0 ___ 1 ,085,235 1,002,677
Ju ly 1 to Nov. 3 0 ___
472,597
456,066
295,144
2 45,615
1,953,159 2,400,928
233,533
364,102
782,435 1,186,744
81.280
180.279
765,710 1,170.169
49,490
33,345
281,513
373,617
867,130 1,056,717
5,721,231 8,020,414
1,460.903 1,945,731
9.504,099 13,151,867
66.822
def. 7,454
424,505
143,399
12,011
17,014
209.489
159,147
def.2,749 def.4,998
def.27,375 def.25,972
205
def.516
def.20,440 def.15,039
1,460,684 2,015,801
9,703,662 13,660,610
34,931
34,401
340,851
398,356
150,153
163,993
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, &c., with the surplus or deficit
above or below those charges.
■Inter't, ren ta ls, <£c.—. r -B a l. o f N et E a r n s .—*
R oads .
Chic. A West M ich ...O ct.
Jan. 1 to Oct. 3 1 ----Dct. Lans. A N or....... Oct.
Jan. 1 to Oct. 3 1 ---Nashv. Chat. A St. L.Nov.
July 1 to Nov. 3 0 —
Sag. V alley A St. L .. .Ocfc.
Jau. 1 to Oct. 3 1 ....
1893.
$
32,758
326,973
26,241
2o2,731
123,109
611,070
3,557
35,56 i
1892.
1893.
1892.
$
*
S
31,807
39,173
36,931
244,173 def.11,269
219,866
26,241
3,285
28,808
262,731 def.61,890
29,087
123,302
52,327
51,092
219,164
274,539
612,983
def.625
3,557
def.854
35,567 def.12,191 def.16,285
THE CHRONICLE.
DECEMBER 16. 1893. J
AN N U AL REPORTS.
Maine Central Railroad.
( For the year ending Sept. 30, 18930
Mr. Arthur Sewell, the President, remarks in his report:
••The receipts of the company from traffic in the latter part of
the last fiscal year showed a diminution, as compared with the
corresponding months of the previous year, caused by the gen
eral bu-an-ss d:pr*-»sioa which has prevailed throughout the
country. It is confidently expected, however, that, our receipts
will show a gratifying increase with the return of business
prosperity." * * *
In January, 1893, the directors voted to issue 8500,000 of
capital stock for the purpose of providing for the cost of
double-tracking a portion of the road and for contemplated
improvements. The right to subscribe for one new share of
stock at par for each nine shares of capital stock standing to
their names was offered to stockholders of record at the close
o f business on the 10th of February, 1893, and the stock so of
fered, with the exception of tifty-se.en shares, was subscribed
for and issued. During the last fiscal year many permanent
improvements have been made, and the condition of the entire
properly is reported aa better than ever before.
The statistics for four years have been compiled for the
CHBOMCIJE as follows :
OPERATIONS AV V FISC At RETBBSS.
1839 00.
773
Mile* operated S e p t 3CL.
Operafmns—
Fasten cert carried.......... ..1,933,377
Freightm o v e d .. . . . .1,7120.107
s§
Rum ings—
1890-91.
821
1891-92.
822
1892-93.
822
I .‘ *17,895 2,140,773 2 ,3 13,9 U
1,706.155 1,041,038 2, .6 3 , .373
8
$
1.838,221 2,0 U ,312 2 .0 3 i,0 t l
.2,231,457 2,26*, 739 2,5 4.834 2,632,525
F reig h t... *
218,915
231.657
238,490
Mall, express, Ate............. . *217.018
T otal itroe* ram tags. .4,326,485 4,324*905
Expense# i*ad ta x e s— .. 2 dsS.OIj? 2.H42.378
Net earn in £4-. . . . . . — .1,307,798
1.382,527
4,757,603 •1,051,835
3,0<j S,7»0 3,341,025
1,695,313
1,*"10,310
INCOME AGCOtfJCT.
1830*91.
18 -9-9 0.
8
ftepript*—
St-i efiri4»g* ................... . .1,307,798 1,383.527
43,765
39.074
Other .receipts. . . . . . . . . . .
1391-92.
13 :2-9 ?.
*
8
1.095,3 >3 1 ,6 10,310
6o,8s7
59.335
Total 1nentfte.. . . . . . ... ,.1,411,563 1,1*^1,301 1,756,030
IMshurmm en is—
360,093
480,887
Rentals paid ......................
8 i8 ,l8 9
►30,3nB
In threat on b o n d s ,... — . . 8*21,105
268,485
21 r. ,628
JLdvnieuas. . . . . . . . . . . . . . . . . . 215,016
Total dtahoftm tiuta . .1,3*21,436 1,103,910
17,691
90,127
Balance, surplus............... .
1,670,145
483.100
820,030
276,216
1,579,680 1,689,378
176,050
*80,767
•O r-lited to bridge fund $60,000 and to injury fund $10,000—
$70,000.
GS.SERAI. BALASCE SHEET SEPT. 30.
1892.
1891,
1893.
*
8
*
Atari*—
..13.427,^51 13.939,403 14,122.722
C ooM ructlon and equipment
7,837,966
TA-.i'.f accounts, &v------..... . 5,871,599 7,476,854
670,470
665,476
680,616
Bunds and stocks . . . . . . . . . . .
207,747
238,339
slnktne funds ....... .............
86,462
88 267
6
7.*63
Hue ftom agen ts....... ...........
279,088
416,585
312,469
Traffic balance*. See........
577.868
510,037
...
514.857
Sunnites and material*.........
423,894
...
312,393
408,516
C ash..........................- ........... ..
T ota l....................................
InnhttUUs —
S t o r k ................... .......
Block bonds ............................
B onds (see RtfPisEBAtSST)----tm erest and rent# sc o r n e d ..
B o t e # ....— . . . -----. . . . . . . . .
BUS* audited.........................
tPralfJobalances,A c . . . . . —
Rnnlpment fund . . . . . . . . . . . .
Injury fu n d ..............................
Bridge f u n d . . . . . . — ....... .
M iscellaneous........................
Profit and ions....... ..
...21,742,537
23,641,904
. . . 4,482,400
16,600
...1 5,17 8,30 0
4,490,500
4,984,800
11,000
11.000
16,966,000 16,966,800
485,460
485.673
388,000
37*J,000
397,592
431,645
122,971
64,665
125,000
125,000
50.000
40,000
60.000
44,094
43,059
640.476
701,397
.. .
352f3liO
563,6*29
83,230
24,371,167
1087
“ Out of our rental or income for the past year we paid to the
Erie the following sums : For hire of 20 locomotives, $13,175;
for hire of refrigerator cars, $40,214; for hire of private
freight cars, $15,586 : for betterments, $109,112 ; deduction in
adjustment of rental per lease as amended, $104,334 ; total,
$281,418, and we paid the past year to other parties on ac
count of additional equipment, improvements, etc., $343,648,
making total payments on account of improvements, equip
ment, additional rental, etc., $624,061.”
Summing up all the extra payments made by the company,
Mr. Whitehead says : “ Thus it will be seen, instead of our
being in receipt of 80-6 per cent of the gross earnings of the
road, we are expending annually over and above the $100,000
for betterments mentioned in the lease, the further sum of
$524,061, thus reducing our rent from 30 6 per cent to 23'18
per cent of the gross earnings. These expenditures should al
ways be kept in view when the justice of rental is under con
sideration.”
There is a large amount of overdue rental, and the receivers
not paying the rental the company applied to the Court for
an order requiring them to pay the rental. Tnis apolication
was resisted by the receivers and was denied by the Court on'
the ground that the receivers made return that they were not
earning out of the property an amount of net earnings equal
to the rent called for by the lease, and that they had paid
ail that they had earned. The N. A’ . P. & O. then applied for re
lief in the United S ates Circuit Court in Ohio where the prop
erty is situated, and after an extended argument before a full
Court the application was denied for the same reasons as
before.
Mr. Whitehead remarks : “ Our oniy recourse left was to
urge upon our tenant its equitable duty to meet these obliga
tions and to preserve the unity of its through line to Chicago,
or else for us to abandon the Erie system and take our prop
erty to some other of the great lines which stood ready and
willing to join with us in through business. Thus far we have
held to the first of these courses, trusting that the Erie Com
pany would be tilde by negotiations to rehabilitate itself and
then pay it- deots to us. Its condition is excellent, its busi
ness is largo at the present time, and we believe that its net
earnings for the nest few months will be larger on our line
than in tne pis'-. If these are faithfully paid to us we shall
b>- able, aft-r paving our sub-rentals and providing for our
outstanding drafts, to resume the payment of dividends on
the coupons of our first mortgage bonds,
Evansville & Terre Haute Railroad.
(F o r the year ending June SO, 1S93.)
The report of Mr, D. ,J. Mackey, President, says: “ The
prospect.-, one year ago were most encouraging for the most
satisfactory years business in the company’s existence. For
the first half of the year—July 1 to December 31—this was
fully realized; but the foundation of the hope referred to was
the World’s Fair. This business has not been up to the expec
tations, and with the panic and distress in money, the com
mercial, manufacturing and agricultural interests have all
been far below their usual proportions, so that your revenue
from general business has been, very disappointing.”
The large betterments, increase of equipment, additional
tracks, in view of the disruptions of business, have all proved
too large, “ and while the company is thereby benefitted and
placed in position to be equal to any and all necessities from
a growing and steadily increasing business, yet these pur
chases and improvements referred to have created a large
floating debt. Amur directors have purchased in Sullivan
County, Indiana, contiguous to your lines, four thousand
acres of coal lands, some of it mineral, some the fee simple,
at a cost of $130,000. These coal lands are very desirable, as
they give the company a lasting source of business.”
Earnings and expenses and the income account were as
below :
EARSISOS ASD EXCESSES.
1839-90.
Total miles o p e r a te d ...___.. 159
Earnings—
S
Passenger............................. ..237,865
I'Ti-ialu .............................. ..6**5,941
Mail, express, &e . . . . . . . . . ..126,745
1390-91.
161
$
252,225
706,339
143,565
1891-92.
165
$
287,639
769,615
168.159
1892-93.
165
$
324,059
768,188
193,425
Gro*s earnings .......... ..970,551
Operating e xp. and taxes -.497,094
1,102,629
607,944
1,225,413
617,636
1,285,672
695,764
494,685
Net earnings................. ..473,457
(F or the year ending Sept. SO, ISOS.)
INCOME ACCOUNT.
The annual report of this company (whose property is
1839-90.
1390-91.
leas* 1.1 to the Eric' is signed by Mr. Chas, E. Whitehead, Pres
*
Receipts—
$
494,685
.
.473,4.57
Net
earn
in
firs.....
...........
.
ident. Ho states that considering the depression in business
44,056
.
.
51,8.35
Other
incom
e......................
since June last the traffic of the road has been good. There
was curried during the year 7,668,689 tons o f merchandise
538,74L
Total .............................
Dish itrsem m is —
freight and coal, a decrease of 67.746 tons as compared with
221,175
hi rerest on d e b t-............... ..204,300
last year. The gross earnings were :
165,000
Dividends ........................... ..150,000
607,777
589,903.
1891-92.
Si
607,777
100,233
1892-93.
•8
589,908
46,651
...
245,821
611,032
T otal.................... ...............
23,641,964
24,371,167
New York Pennsylvania & Ohio Railroad.
On trelfM. — . . ...... a. ....* ,* .,* ...........--
on
.............*............. ...................
M i<r e 1Linen*us.
$5,357,867
1,662.293
359.188
T o ta l............................. . . . . . . . . . . . . . . . . . .........- ........... ........... 87,370*349
I r; c r€ft p o f jefoss earnings over last year.......................
$169,632
Miscellaneous . . . . . . . . . . . . .
Total disbursem ents.. ..354,300
Surplus.................................
386,175
152,560
708,010
636,559
229,925
180,000
1,421
275,925
300,000
1,562
411,346
296,664
577,487
59,072
Rio Grande Southern Railroad.
“ The that net earnings for the year are $1,323,287. of which
(F o r the year ending June SO, 1893.)
there have been paid us in cash, its equivalent ami accept
The stockholders of this railroad, which is in the hands of a
ance*. on account of the lessee company, 81.735.868. and on
account of the receivers, 891,997, making in all $1,827,865, and receiver, held their annual meeting in October and elected
leaving still due Sept. 30, as under the terms of the lease, directors as follows : Ofcto Mears. Clarence Buckingham, E. T.
815,311 by the lessee comoany an l by the receivers Jeffery, J, W, G.Uuiy, J, L, McNeil, Ira Waisen and Arthur
Coppell,
$ 3 2 8 ,3 2 5 /’
*
*
*
*
THE CHRONICLE.
1 0 *8
President Hears made the following report of operations for
the fiscal year ending June 30,1893 :
Gross earnings..................................................................$710,217
Operating expen ses........................................................ 309,731
Net earnings .................................................................$340,486
Incom e ou first m ortgage bonds in treasury............................. 53,550
$ 3 ;4 ,0 3 6
T a x es.................................................................................. $30,210
Insurance...................
1,141
Interest, exchange and discou nt................................. 53.111
Interest on funded d e b t.......................
225,500
Balance to credit o f in co m e fo rth e year (12 mos).
309,963
North-Eastern (S. (’.) Railroad.
(F or the year ending June 30, 1893.)
The President’s report says : “The widespread depression of
the past year in the agricultural, mining and manufacturing
industries of the entire country, aggravated by prolonged
monetary disturbances of a serious nature, combined with
political issues of the gravest import, will suffice to explain
the diminution noticeable in every department of our revenues
as compared with those of the preceding year.” * * “ We
should particularly bring to your notice that while there has
been a net decrease in our receipts, the past year, of §38.949
there has been during the same period a corresponding,
decrease in our expenses of §48,1506. making a difference of
§9,556. At the same time the report of our General Manager
will show you that the roadway and its structures have
received all necessary attention and that our equipment
has been maintained.”
Earnings and expenses have been as follows :
EARNINGS AND EXPENSES.
1889-90.
$
Earnings—
Passengers...........................
F reigh t..................................,..370,733
M iscellaneous...................... .. 80,901
1890-91.
*
247,920
393,777
92,945
1891-92.
$
232,398
318,994
77,864
1892 93
$
201,524
338,876
79,906
T otal............................... -.676,062
Oper. expenses and taxes. ..458,729
734,642
460,595
659,256
500,411
620,306
451,905
274,047
158,845
168,401
INCOME ACCOUNT.
1889-90.
Receipts—
$
Net e a r n in g s ....................
Otlier receip ts.................... .. 42,176
1890-91.
$
274,047
61,124
1891-92.
$
158,845
35,444
1892-93
$
168,401
33,265
T otal............................... ..259,509
Disbursements—
Interest on bonds............... .. 133,000
D ividends............................. .. 54,000
.. 50,000
335,171
194,289
2 0 1 ,6 6 6
133,000
54,000
133,000
54,000
133,000
54,000
T ota l............................... ..2 37,0 00
Surplus..................................... 22,509
187,000
148,171
187,000
7,289
187,000
14,666
Cape Fear & Yadkin T alley Railway.
(F or the year ending June 30, 1893.^
The President renjptrks that notwithstanding the great
financial depression and the stringency of the times, which
has caused a great reduction in all classes of business, there
has been no loss of business to this company during the last
fiscal year, while the expenses show a slight decrease. This
has been owing in part to the fact that the mis iness has been
increased by the Norfolk & Western connection, and the addi
tional output of the granite and brown-stone quarries along
the line. This increase has about equaled the decrease in the
general business and the reduction in the passenger travel on
the road.
Earnings and expenses have been as follows :
EARNINGS AND EXPENSES.
1 8 9 0 -9 1 .
$
1 4 3 ,1 6 1
4 1 2 ,0 5 4
t>,66 8
2 2 .1 2 4
5 ,8 2 1
1 8 9 1 -9 2 .
$
1 2 8 ,8 7 3
3 8 4 ,5 2 3
7 ,1 4 3
2 1 ,8 7 6
8 ,1 3 2
T otal.................................. . 4 5 6 , 6 1 8
5 8 ,1 .8 2 9
5 5 0 ,5 5 3
549^55
Maintenance o f w a ? ............ . 6 5 , 6 7 1
M aintenance o f equipment.. 2 5 , 5 2 6
Conducting t raasportation. . 1 2 8 , 6 8 6
General oxpenees................... 4 0 , 1 6 1
9 7 ,9 0 1
4 1 ,1 9 1
1 7 3 .9 4 3
3 7 ,3 3 5
9 3 ,6 0 6
3 8 .0 8 0
3 8 5 ,1 5 9
3 7 ,1 1 7
1 9 /'A 9
^B,5lpL
T otal................................. .. 2 6 0 , 0 4 5
Net earn in gs......................... - 1 9 6 , 5 7 2
3 5 0 ,3 7 1
3 5 3 ,9 6 2
2 3 9 ,4 5 8
1 9 6 ,5 9 1
E a rn in g s—
1 8 8 9 -9 0 .
■$
E x p en ses—
D a y ton
k
I r o n to n
R !t.
(F or the year ending June 30,1893.)
B e lo w are g iv e n th e resu lts f o r th e fisc a l y e a r 1892-3 c o m
p a r e d w it h th e p r e v io u s y e a r .
.
1891-92.
1892-93.
Gross earnings...............................................................$600,169
$760 0 1 7
Ojjerating expenses and t a x es.................................. 411.070
458 346
Net earnings............................................................ $189,399
Interest on bonds, etc................................................. 120,206
$301 671
1 7 5 218
Balance......................................
$69,193
New construction.........................................................................
$126,453
$69,193
$69,227
57 226
$84,072
The President remarked in his report;
“ Toward the close of the fiscal year the mining industries
of the entire State received a severe check by reason of the great
decline in the price of silver, and your company, together
with all other corporations of like character, has been seri
ously affected thereby. These conditions naturally interfered
with the earnings and have had the further effect of prevent
ing us from deposing of the first mortgage b aids held in the
treasury of the’ company, which we had hoped to sell and
from the proceeds pav off the floating indebtedness of the
company. Since the close of the fiscal year the situation has
not improved ; the unsettled conditions and the business de
pression throughout the State have continued ; and about the
first of August last it became very evident that, in order to fully
prot“ct the property, it would be better to place the same in
the hands of a receiver. Therefore on August 2, 1893, Mr. E.
T. Jeffery was appointed, and upon that date he took posses
sion of and is now operating the property as such receiver.”
P assenger............................... . 1 0 5 , 6 9 8
F re ig h t..:............................... . 3 1 4 , 6 9 8
E x p ress.................................. . 4 , 2 1 8
M a il.-...................................... . 1 7 , 3 2 3
M iscellaneous........................ . 1 4 . 6 7 9
C in c in n a t i
|YOL. LVix.
3 8 9 2 -9 3 .
1 2 3 ,4 6 9
3 8 3 ,9 5 2
7 ,2 7 8
- 2 8 ,0 8 2
^ 6 ,5 7 4
SlJlO
‘^ 3 , d 0 9 \
A 9 5 ,4 4 6
Surplus...............................
G E N E R A L IN V E S T M E N T N E W S .
A t c h i s o n T o p e k a k S a u te F e.— P re s id e n t J . W . De i nh a rt, o f th e A t c h is o n T o p e k a & S a n te F e R a ilr o a d C o m
p a n y , w h o r e tu r n e d fr o m E u r o p e o n th e T e u t o n ic , g a v e th e
N e w Y o r k N e w s B u r e a u th e fo llo w in g s ta te m e n t r e la t iv e to th e
fin a n c e s o f th e c o m p a n y .
“ Tire interest on the general m ortgage bonds o f tlie Atchison Com
pany. due Jan. 1 will oe paid, it s»em s hardly necessary to make this
statement, because doubts as to its paym ent have, In m y judgm ent
been created solely by speculators who have no substantial interest in’
the property. The Atchison Company, ow ing to the m agnitude o f its
system, lias large payments to make from time to time, and I have
noted that whenever operators fo r short account, could d iscover the
dates of those paym ents they have circulated reports calculated to
throw doubt upon the ability o f the com pany to m eet them. The pub
lic kuows that since the reorganization the Atchison has m et all o f
its obligations prom ptly, and every statement that I have made in rela
tion to such payments before they matured lias been confirm ed bv
the fact.
“ My mission abroad.” he continued, “ has been a success in everv
respect.” When asked as to the nature o f ihe negotiations he had
made in behalf of the com pany, he declined to give particulars. H e
said, however:
■■ When it is considered that the Atchison system operates 10,000
m i.es o f railroad which earn upward of $ 5 o,000 .ooo a year, its floatin'’'
indebtedness must appear infinitesimal. It should be borne in mind
that when the Atchison Company acquired the St. Louis & San Fran
cisco Railroad it assumed its Hoatiug debt o f about $4,100,000, and
also the unsecured onligations o f the Colorado Midland Railroad Com
pany. We have not, as yet experienced any difficulty in financing these
obligations. As to the stock o f our ow n com pauv. ail but $26,000,000
of the $ 1 0 2 ,0 0 0 ,0 0 outstanding is held by bondholders who, in m y
judgm ent, w ill n ot part with it under anycirciim sianc.es. The $26,oOO.OOO o f floating stock was issued by the com pany incidental to the
acquisition of the St. Louis & San Francisco system before the present
m anagem ent was placed in charge. In my ju dgm ent this stock is p ra c
tically all that there is available fo r speculative purposes.”
C h ic a g o k N o r t h e r n P a c i f i c .— T h e c o u r t a t M ilw a u k e e
h a s a u th o r iz e d th e C h ic a g o & N o r th e r n P a c ific r e c e iv e r to
issu e r e c e iv e r ’ s c e r tific a te s n o t to e x c e e d § 2 0 0 ,0 0 0 f o r s p e c ifie d
p u r p o s e s , s u c h as p re s s in g c la im s , & c .
C h ic a g o M ilw a u k e e k S t. P a u l.— T h is c o m p a n y h a s t h e
r ig h t u n d e r its g e n e r a l m o r t g a g e to issu e § 7 ,324',000 m o r e
b on d s. I t h a s so ld o f th is a m o u n t §3,000.000, a n d h a s in th e
tre a s u r y a v a ila b le f o r sa le as n e e d e d §4,324,000. T h e p u r
p o se s f o r w h ic h th e b o n d s liste d th is w’ eek h a v e b e e n s o ld
a p p e a r in th e f o llo w in g s ta te m e n t:
Additional equipm ent......................
$799,332
A dditional real estate and right o f w ay............ ........ ...............
143,125
Additional buildings, shops and m achinery.............................
194,794
114,369
Additional bridges and viaducts............ ....................................
Additional side tracks and yard im provem ents......................
135,82A
133-61 miles o f second main tra ck ............................................. 1,002,350
Construction o f 3 -ot m iles o f additional railw ay...................
17,841
515,061
Other additions and im provem ents to the property..............
T otal..............................................................................................$2,923,000'
LaCrosse Division bonds, can celed ..............................................$1,180,000
W isconsin V alley Divisiou bonds, ca n celed .....................
50,000
Fargo & Southern Railway Co. incom e bonds, canceled........
159,000
Incom e sinking fund bouds, canceled ...................................
160,000
Cancellation and satisfaction o f Oshkosh & Mississippi
R iver R ailw ay Company m o rtg a g e .........................................
29,000
T otal..............................................................................................$4,501,000
S t. P a u l p r e fe r r e d s t o c k h a s b e e n in c r e a s e d s in c e th e la st
a n n u a l r e p o r t o f J u n e 30, 1893, $156,000 b y e x c h a n g e o f b o n d s
f o r th e s to c k .
C o lu m b u s H o c k i n g T a l l e y k T o l e d o — F l i n t & P e r e M a r
q u e t t e .— R e p o r t s h a v e b e e n c u r r e n t th a t an in t e r c h a n g e o f d i
r e c t o r s b e tw e e n th e F lin t & P e re M a r q u e tte a n d C o lu m b u s
H o c k in g V a lle y & T o le d o r a ilr o a d s is p ro p o se d . A d ir e c t o r o f
th e fir s t-n a m e d c o m p a n y sa y s th a t n o t h in g is lik e ly to be d o n e
u n til th e a n n u a l m e e tin g iu M a y , a lt h o u g h a d ir e c t o r o f th e
H o c k in g V a lle y has s e c u r e d e n o u g h F lin t & P e r e M a r q u e tte
s t o c k to g iv e , w it h o t h e r fr ie n d ly h o ld in g s , a c o n t r o llin g in
terest. M r. T . F . R y a n , w h o is th e C h a irm a n o f t h e F in a n c e
C o m m itte e o f th e H o c k in g V a lle y , s a y s:
“ I d o n o t k n o w o f a n y m o v e m e n t lo o k in g to th e im m e d ia t e
in t e r c h a n g e o f d ir e c t o r s b e tw e e n th e C o lu m b u s & H o c k in g
V a lle y a n d F lin t & P ei e M a r q u e tte r a ilr o a d c o m p a n ie s . A s
th e F lin t w ill iu th e n ea r fu tu r e e x te n d its lin e fr o m M o n r o e
to T o le d o , a d is ta n c e o f a b o u t 20 m ile s , t h e t w o r o a d s w ill h a v e
a l i n e o f a b o u t 1,000 m ile s , e x t e n d in g fr o m th e O h io R iv e r
n o rth th r o u g h O h io a n d M ic h ig a n , a n d I h o p e t h a t th e ir r e la
tio n s w ill b e c o m e e v e n m o r e f r ie n d ly a n d p r o fita b le th a n t h e y
a r e a t p r e s e n t ,”
C o m m e r c ia l C a b le .— T h e C o m m e r c ia l C a b le C o m p a n y h a s
d e c la r e d its u su al q u a r te r ly d iv id e n d o f 1% per c e n t . T u e d i
r e c t o r s o f th e c o m p a n y h a v e a u th o r iz e d tu e r e d e m p t io n o n
Ja n . 15 o f th e b a la n c e o f th e d e b e n tu r e o o n d s o f th e c o m p a n y
o u t s t a n d in g , n a m e ly £8 0,00 0, th u s liq u id a t in g t h e e n tir e
b o n d e d in d e b te d n e s s o f th e c o m p a n y . A c o n t r a c t h a s b e e n
p la c e d w it h th e S i -m etis C o m p a n y f o r a t h ir d c a b le to b e la id
T o m C a n so to W a t e r fo r d , I r e la n d , e a r ly n e x t s p r in g . T h e
December 16,1893.]
THE CHEOmCLE.
1039
cost will he >3,050,000, all of which will be paid in cash out of addition had a floating debt approximating $683,489. Of this
funds now in the treasury of the company.
amount about $200,000, representing unpaid labor, recent sup
Detroit Lansing & Northern.—In Boston it is said that a ply claims and traffic balances, may be considered as probably
default ia January interest is admitted at the office.of this prior to the mortgage indebtedness. The earnings since June
company. N-> plan has been considered, however, for re 30, 1893, show a decrease of 30 per cent compared with the
corresponding period of last year, probably incidental to the
organization.
general business depression over the country. The total in
Edison Electric Illuminating Company of New York.— debtedness, aside from the mortgages, amounts to about
This company gives out the following : November gross earn $1,082,555. The bondholders’ committee has bad the property
ing;,. 8 12 1,Tui ; net earnings. $65,583 : increase, $18,692 ; examined by an expert, and for immediate repairs and re
total gross, eleven months, 1893. $1,078,869 ; increase. $238,- newals required it is estimated that $325,000 will be needed,
•301: total net. eleven months. $506,710; increase, $94,611.
Reported net earnings for the past three years average $317,Fitchburg.—The Treasurer of the State of Massachusetts 414 per annum, from which should hereafter be deducted
sold this week $3,000,000 of 31.,'per cent 20-year gold bonds, $35,500 for taxes, rentals and insurance not heretofore ap
the proceeds from which will be used to purchase from the pearing in the accounts, leaving about 8180,000 applicable to
funds holding them the Fitchburg bonds taken by the State interest.
‘ ‘The consolidated mortgage and stock being largely held as
in payment, for the Hoosac tunnel. See fuller statement of
the facts in the State and City Department of this issue of collateral, it is believed that it will be impossible to secure
from this source the financial assistance nectssary to re
the C h r o n i c l e ,
Therefore it devolves upon
Fort Worth k Denver City.—The following committee has habilitate the company.
bondholders to take
immediate
been organized to- protect the firs* mortgage bondholders : the 1st mortgage
O. 51. iJjtigc, iiatrtuan : George M. Pullman, Franklin B. and prompt action and have the present or another re
ceiver appointed in their interest, in order that no receiver’s
Lord, Win. T. Walters. Sided Tilghman.
certificates shall be issued without their knowledge and con
General Electric.—Dow, Jones & Co, say of this company : sent, and that prompt measures may be taken to rehabilitate
•• We are informed that the ground for the recent strength in the property. The first mortgage bonds issue o f 82,800,000 is
General Electric has been the fact that the company has a first lien on about 121 miles of completed road, extending
made one large contract, covering it is understood, $1,800,000, from West Point, Kentucky, to Henderson, Kentucky, and
and has another of even larger proportions under way. De side tracks amounting to about 12 miles. About 40 pe'r cent
tails are not given. but there is good ground for believing of the main Sine and all of the branches are unballasted. In
that the $1 .Soft,000 contract, at least, is an accomplished fact. view of the foregoing facts, and in order to facilitate the
We are told that the insiders in General Electric became per prompt progress of foreclosure proceedings in the interest of the
fectly satisfied with Die financial condition and business pros fir-t nioruagc bonds, the committee requests that the holders
pects of the company early last week, and since then have of the first mortgage (5 per cent bonds shall promptly deposit
been baying and advising associates to average. The demand the same with the Atlantic Trust Company, No. 39 William
for the company’s products ia as large as it ever was, but the Street, N. Y ." The circular is signed by Wm. H. Male, Chair
rigid rule ,,f s; r-t cash and no credit is enforced, and the vol man; Samuel D. Davis, John J. McCook and Harry YVeissinume of business is cos qu-ntly comparatively small. The
moment financial conditions permit the gale of electrical ger, Committee.
Louisville Southern.—AtLouisville, President Felton, as a
securities, ill*- business .,f the General Electric Go, will be
larger than ever. The company may again take such secur repifsentttive of the receivers, made a report on the condi!
tion
and business of the Louisville Southern Railroad Com
ities! for work done, or it may insist on the parties ordertug !
pany at a meeting of stock and bondholders held on the 8th.
goods and plants selling their own securities.”
lie said that there had been 500 freight cars, 11 locomotives
Hon.tnii Central Arkansas k Northern—St. Louis Iron arid 10 pass-nger car-, added to the equipment at a cost of
Mountain & Southern—At a meeting of the stockholders of 8458,000, on account of which 8332,000 had been paid. In
the st. I. /uis lr>u Mountain & Southern Railroad at St. 1891 net earnings were $114,000, in 1892 $203;000, in 1893
Louis. Dec. XI, it was unanimously agreed to purchase the $182,500. The money received since the close of the fiscal
Houston Central Arkansan & Northern Railway. The road, year, when the road went into the receivers’ control, had been
which runs from McGhee, Ark., south to Alexandria, L'l., 1Do spent for improvements. There had been a shrinkage of
a i l,., was tattle in the interest of the Missouri Pacific system 823,700 in traffic returns in the last four months; expenditures
and ia now to be merged in the Iron Mountain Co.
I-r betterments in the sam< period were $12,000 in excess of
Jacksonville LonisvlUe k St. Louis.—A Chicago dispatch the not earnings for that time. There- are 45 miles of track
.my* that on December 11 Samuel P. Wheeler, of Springfield, fully ballasted and 78 miles partially ballasted; 73,456 ties had
111., was appointed Receiver of this railroad by Judge Allen been set and 200,000 more would be placed in the next three
of the United -States Circuit Court. The mail will still be years. Mr, Felton replied to many oral questions from secur
operated however with the other roads forming the Jackson ity holders, and among other points of information given to
ville-Southeastern system.
them he said that the passenger earnings from July 1 to No
Kansas City IMlLbnrg k Gulf.—'The line was opened this vember 1 were $311,800, against $334,600 for the same months
in
1802. The East Tennessee Virginia & Georgia had ad
week for operation to SiMarn. Ark., a distance of 25 miles
from the former terminus at Sulphur Springs. The construc vanced to date $643,000 for which it holds 660 bonds; the
tion of this road running directly south from Kansas City has other bonds have been used for liquidation of the floating
•steadily progressed during the last two years, and the com debt. The entire issue of $5,000,000 had been practically
pany have now a line fully equipped 282 miles in length. made. The lease by the East Tennessee had been in effect
The country through which the road pisses is rich iu coal, abandoned, as it was no longer able to pay the interest. The
timber, lead, zinc, and the earnings have shown continual percentage of operating expenses to gross earnings was about
growth. N,-w coal mines recently opened, the managers say, 76 per cent, this high proportion being due partly to expendlgive assurance of largely increased coinings in the near fu turea for improvements.
ture.
Metropolitan Street Railway, N. V.—The agreement of
Kansas City Wyandotte k Northwestern.—At St. Louis consolidation between the Houston West Street & Pavonia
December 8 Judge Caldwell of the United States Court of Ferry Railroad, the Broadway Railroad, and the South Ferry
Appeals issued, a modified decree in the foreclosure suit under Railroad was filed this week In the office of the County Clerk.
the lirst mortgage. The upset price for the road is fixed at It was executed by the directors on November 29. The name
$630,000 instead of $1,009,000 as arranged by the original de of the new company is to be the Metropolitan Street Rail
way Company. The capital stock will be $8,200,000. The
cree, and the time of sale is fixed for January ,5, 1894.
Long Island Traction.—A. meeting of surface railroad directors are II. H. Vreeland, Daniel B. Hasbrouck, Thomas
officials in Brooklyn was held this week to consider the plana F. Ryan. Charhs E. Warren, R. Somers Hayes, Albert W.
for the proposed consolidation of all the roads, It was prac Fletcher. Hans S. Beattie, Henry A. Robinson and Ralph L.
tically decided that the Broadway system should be taken into ! Anderton, Jr. H. H. Vreeland is President.
the Long Liam! Traction sy-tem and that the deal between ! New York Stock Exchange—New Securities I isted.—The
the former company and the Brooklyn Traction system should Governing Committee of the Stock Exchange have listed the
ive dis i following securities :
posed ,.f their interest in the Broadway Company, and bonds I E d iso n E mcotrtc I c l o it n a t ix o C o . o p N e w Y o fiK —A d d itio n a l
m n rtssu e 5 p e r ce n t c o n v e rtib le g o ld b on d s, $ 1 , 000 , 0 0 0 ,
will be issued to. cover the cost of this, probably about Rin-aiki rino t- first
tota l a m ou n t listed $ 3 ,5 6 2 ,0 0 0 .
§5.000,000. The proposed purchase includes the Broadway, i D B svr.it & t iio O k a s i . e B u l k o a d C o .- A d d M o n a l Issue o f first
the Metropolitan Avenue and Jamaica and Brooklyn roads. co n so lid a te d -m o rtg a g e 4 p e r c e n t g o ld b on d s, $.<21 o.OOO. m ak in g to ta l
m ill
2 8,6 50 ,0 0 0 . A ls o an ad d ition a l issu e o f $ 5 3 ,5 0 0 im It now would appear that the union of the two big traction
prnvenK-ni m o rtg a g e 5 p e r ce n t g o ld b ond s, m ak in g tota l a m ou n t
companies will not be brought about for some time to come.
liste d $>>,103,500.
Louisville V Nashvi lie—Chesapeake Ohio k Southwestern.
NA.WV1 U.P C’ iia t t .vnoooa A ST. L oots R a il w a y Co.’ s additional
—At LoBi.--. Jh' December 11 the Slate of Kentucky filed suit issu e o f first-con solid a ted m o rtg a g e 5 p e r ce n t g o ld b o n d s, $ 1 0 0 ,0 0 0 ,
against the»e railro da to prevent the proposed consolidation tun k in g tile tota l a m ou n t liste d $ 4,7 06 ,0 0 0 .
E v a n a v ii t.ie & Tr-nRB H au te BAJI-k o a h Co .’ s a d d ition a l issu e o f
of the two roads, t a-k, an injunction on the ground that
it is in violation of the ( institution o f Kentucky, which pro ca p ita l s to c k . $ , ,0 0 0 .0 00 , m a k in g to ta l a m ou n t liste d $ 4,0 00 ,0 0 0 .
ii .w a r k k i - & NOKTUEUS RAtl-ttOAX) C o .’ s a d d itio n a l Issue o f first
vides thftt no railroad shall consolidate with with any other co M
n so lid a te d m o rtg a g e 6s o f 1013. * 1 , 0 39 , 000 , m ak in g to ta l a m ou n t
- mJ
or coin pi ting lines in that State,
listed $ 8,0 92 ,0 0 0 .
Louisville St. Louis A Texas.—A circular issued to the 1st ’ F h te a d fi .i-i h * At IIEAMN’ O K a ip r o a ii C o .’s add ition a l issu e o f gen eral
mortgage hondholdei s says that this company was placed in | m o rtg a g e 4 p er ce n t gold b o n d s, $ 3 1 0 ,0 0 0 , m a k in g t&tai a m o u n t lie tod
the hand* of ■. receiver on the 7tb of August, and at that time !I $ 4C4l,0r8a3r,0k h0 0m. » & M a h o n in g R a i l w a y Co.’s first m o rtg a g e 5 p er cen t
tic reef Ivor reported that he found, in addition to the interest ! g o ld bonds, g o a m n te e d by th e Buffalo R o ch e s te r & P itts b u rg R ailw a y
payments, that the road had defaulted in the wages due to C om p a n y, b oth a» s o p rin cip a l a n d Ifctcuesfcby e n d o rse m e n t on each
ft " ,
of May. June snd Jut}, and in b o n d , n050,000.
THE CHRONICLE.
1040
Ch ic ag o M il w a u k e e & St . P au l R a il w a y Co .’ s additional issue
of general mortgage 4 per oeut gold bonds, $ 3 ,0 0 0 ,0 0 0 , making total
amount listed $14,600 ,0 0 0 .
N e w Y o r k O ntario & W estern R a il w a y Co ’ s additional is=ue of
refunding mortgage 4 per cent gold bonds, $ 8 7 5 ,0 0 0 , making total
amount listed $7,b 25,000.
R i o G r ande W estern R a il w a y Co .’ s additional issue of first
mortgage 4 per cent gold bonds, $ 1 ,2 0 0 ,0 0 0 , making total amount
listed $1 5 ,2 0 0 ,0 0 0 .
Co n n ect ic u t & PAssusirsic R iv e r R a il w a y Co .’ s first mort
gage 4 per cent gold bonds, $1,9 0 0 ,0 0 0 .
So u th e r n P ac ific R a il r o a d Co m p a n y o f Ca l if o r n ia , first con
solidated mortgage 5 per cent guaranteed gold bonds, $ 1,0 00,000
Tlie committee on Stock List is empowered to add to the list $ 1,000,0 0 0 more ot these bonds from time to time, as they are issued, in ex
change for under! jiu a bonds of the company, [See abstract of mort
gage on another page.]
I llinois Ce n t r a l R a il r o a d Co m p a n i ’ s 4 per cent gold bonds of
1 9 5 3 . $ 2 1 ,5 3 4 ,0 0 0 , and tlie committee on St^ck List is empowered to
add to the list $14 0 ,0 0 0 of the bonds upon official notice from the com
pany that they have been issued.
Nicaragua Canal.—An address to the stockholders and a
plan of reorganization has been prepared,which can be had at
the Central Trust Co., where the stock may also be deposited
under the agreement. The plan provides that each depositor
of stock may receive for ten shares deposited one share in a
new corporation. In case the depositor chooses to pay §3 50
assessment, he will receive a share of new stock for each two
shares deposited. The new company will have a capital of
$12,000,000, of which $6,000,000 is to be given in exchange for
old stock or sold for cash, leaving $6 000,000 in the treasury of
the company.
An expert examination of the work done on the Nicaragua
Canal has been made by the reorganization committee. It
shows that nearly two miles of canal have been excavated to
a depth of 17 feet and to a width varying from 100 to 230
feet. At Greytown 1,000 feet of breakwater has been con
structed. Eleven miles of railroad have been built along the
line of the canal and sixty miles of telegraph line have
been strung. The canal line for a distance of 20 mile3 ha9
been cleared of timber. The accounts show an investment in
actual cash and interest of S4.4ol.568. In securities issued
for purchase of plant, $2,923,200. Total, $7,374,768.
Northern Pacific.—The application made by the receiver,
Nov. 27, for a modification of the order directing payment of
rental to the Wisconsin Central due under the lease, has been
withdrawn. The amount involved was found to be so small
($60,000), it was decided to pay it and end that part of the
litigation.
The report of a lease of the Ashland branch to the Chicago
& Northwestern is denied.
Oregon Ballway & Navigation.—In Boston Messrs. Henry
B. Reed, Thomas L. Livermore and J. S. Fay, Jr., were ap
pointed a committee to confer with persons who shall repre
sent the other interests concerned in the Union Pacific Rail
way system, and to report such course as they shall recom
mend the stockholders in the Oregon Railway & Navigation
Company.
Philadelphia & Beading.—The petition of Mr. Isaac L.
Rice has been filed in the United States Circuit Court in Phil
adelphia and a circular issued n New York asking for
proxies to make Mr. Rice President of the road in Janu
ary. Mr. Rice in his petition gives the history of Mr. A. A.
McLeod’s speculations in Boston & Maine and New York &
New England stocks, and the subsequent losses thereon,
which, he says, were transferred to the Reading Company.
He charges also an illegal issue of about $8,700,000 of the
third preference income bonds of the Philadelpeia & Reading
Railroad Company, and asks that the Court order the cancel
lation of these bonds so issued, and that if any have been
pledged in good faith for the security of any valid loan, that
they he redeemed at the valuation at which they have been
pledged. He alleges that of the illegal issue $5,000,000 are
unlawfully held by the Lehigh Valley Railroad Company.
Charges of malfeasance are made against the present receiv
ers, and their removal is prayed for.
Judge EdwaTd N. Paxson, one of the receivers, has sailed
for Europe for a mouth's absence, and the Court has vested
the two other receivers, Messrs. Harris and Welsh, with full
powers to act in the meantime.
—The fiscal year of the Reading Company ends with No
vember 30, and the annual report comes out early iu January.
The company has been obliged, under the law, to file a balance
sheet at Albany for the date of June 30, 1893, and the figures
therein are given below, though it is understood that such a
balance sheet by receivers is necessarily crude and many
large items are lumped together.
Assets__
Cost of road ................. $ 8 7 ,8 8 5 ,9 6 0
Cost of equipm ent...
20,913,561
Stocks and bonds of
other com panies--.
2 7 ,140,143
Other investm ents...
8 4 ,3 0 ‘,934
Due by agents.............
2,1 9 2 ,7 8 2
Open accounts...........
8,6 1 4 ,7 5 0
Materials a n d sup
plies on hand..........
3 ,1 8 7 ,3 9 6
Bills receivable..........
209,426
Casn on hand.......... ...
312,049
3 ,0 3 7 ,0 9 9
Sundries..................... .
P r o f i t & l o s s (d e fl’ e y ) .
Liabilities—
Capital stock............... $ 3 9 ,8 3 0 ,3 6 1
Funded debt............... 1 6 2 ,6 83,355
Loans & bills payable
4,3 0 6 ,1 2 5
Int. on funded debt,
due and accrued—
2 ,5 J9,620
Unmatured
instal
ments purchased..
8,7 2 1 ,5 8 8
376 ,9 0 2
Sundries........................
Rentals..........................
4 ,8 8 8 ,0 5 7
Audit’ d vouchers and
p a y -ro lls...................
6,7 4 9 ,5 9 3
Other s u n d r ie s .......
7,8 4 4 ,8 8 3
1 2 6 ,3 8 4
T o t a l .....
T o ta l............
..$ 2 3 7 ,9 2 0 ,4 8 4
.......$ 2 3 7 ,9 2 0 ,4 8 4
Railroads in New York State.—The following have re
ported to the N. Y. State Railroad Commissioners for the
quarter ending Sept, 30:
[V o l . L V II.
New York Central <£ Hudson River.
1 8 92.
Miles operated .......................
Gross earnings...................
Operating expenses.........
Expeuses to e arn in g s....
1 8 93.
2 ,3 3 4
Net earnings...................
First charges......................
$ 3 ,9 4 3 ,7 5 9
2 ,6 2 9 ,8 4 8
Balance................... ............
$ 1 ,3 1 3 ,9 1 1
1 ,1 1 7 ,8 5 4
Surplus..............................
$ 1 9 6 ,0 5 7
Kings Co. Elev .— v r-Ogden <£- L. Chain.—.
1892.
1893.
1 8 92.
1893.
$
$
$
$
1 9 5 ,7 4 0
1 6 0 ,5 8 9
2 5 1 ,0 5 4
2 3 6 ,0 3 0
128,655
1 2 5 ,4 2 8
1 7 3 ,2 4 0
1 7 3 ,7 5 5
Gross earnings.................. .. .
Operating expenses........... .
e—
N et earnings...................
Otlier income.....................
67,085
145
3 5 ,1 6 1
..........
7 7 ,8 1 4
140
62,2 7 5
528
T otal............................... .
Interest, taxes & rentals. .
67,2 3 0
91,0 3 9
3 5 ,1 6 1
9 3 ,5 4 9
7 7 ,9 5 4
65,8 4 3
6 2 ,8 0 3
6 6 ,8 7 9
Balance......................... .d ef.23,809 def.58,388 sur.12,111
def. 4 ,0 7 6
Southern Pacific.—The first listing on the New York Stock
Exchange of the new first consolidated gold fives of the
Southern Pacific of California was made this week. The
mortgage under which a first issue of bonds has been made is
dated Sept. 15, 1893, and the bonds, which will be issued from
time to time, will provide for the present and future require
ments of the company as regards new mileage, additions and
betterments, and also provide for the refunding at a lower
rate of interest of its entire bonded debt as it matures or in
exchange for these new bonds which cover additional mileage.
The new mortgage provides that prior liens shall not be ex
tended when they mature or that bonds issued under the first
consolidated mortgage shall become the first lien upon the
entire mortgaged premises.
The following lines of railroad of the Southern Pacific Bailroad Company of California, now completed and in operation,
are covered by the new mortgage, but are not covered by the
prior mortgages, and no bonds have been issued against the
same, viz.:
Peters to Oakdale, 1 8 -6 9 ; San Bruno to South San Francisco, 2 -1 5 9 :
Baden to South San Francisco, l - o l s ; Burbank to Chaisworth Park,
2 1 -6 2 1 ; Declez to Deelezville, 2 -5 5 2 ; Coliis to Fresno, 1 5 i 5 4 ; Lockern to Rio Bravo, 14-9L 2; Stephens to Bakersfield, 15*116; Lockern
to Asphalto, 10-268, Soldiers’ Home Branch, 2-97. Total 104'9o5 miles.
Bonds at the rate of $22,500 per mile, to the amount of
$2,361,487 are authorized by the mortgage of September 15,
1893, to be issued against the above mileage. As new rail
road may be constructed bonds may be issued thereon to
amounts not exceeding $22,500 per mile, except that as to the
unusually expensive lme from Ban Margarita to Elwood, for
merly included in the Southern Pacific Branch Railway line,
bonds may be issued to amounts not exceeding $30,000 per
mile. Upon lines not covered by the Southern Pacific Rail
road Company’s six per cent mortgage ; of 1875, and not
included in the said line from Santa Margarita to Elwood,
bonds may be issued (in addition to the $22,500 per mile above
referred to) to a further amount not exceeding $7,500 per
mile for double-tracking, other improvements or equipment.
An abstract of the mortgage may be found elsewhere in this
issue of the C h r o n i c l e .
Toledo St. Louis & Kansas City.—In Indianapolis Dec. 14
the Continental Trust Company of New York and John M.
Butler filed a foreclosure suit on the $9,000,000 mortgage
against the company. Upon motion the suit was consolidated
with the suit brought by John S. Stout and others, under
which S. B. Calloway was appointed Receiver. The steps, it
is understood, are preliminary to reorganization, The same
action was taken at Toledo.
Union Pacific.—The Union Pacific receivers have author
ized the payment of the interest due Nov. 1 on the Kansas
Pacific consolidated 63, the Kansas Pacific Denver Extension
first 6s and the Kearney & Black Hills first os; also the De
cember coupons on the Kansas Pacific Middle Division 6s.
The receivers also directed the payment of the monthly in
stalments of the collatteral trust notes until further notice.
Union Pacific Denver &Gulf.—The appointment of Frank
Turnbull, an influential business man in Denver, Col., to be
receiver of this railroad appears to be satisfactory to all parties
in interest.
Western Union Telegraph.—The estimated net earnings
for the quarter ending Sept. 30, 1893, were $1,800,000 ; the
actual were $1,749,615, or $50,385 less than the estimate.
Estimated net earnings for the quarter ending Dec. 31. 1893,
compare with the actual results in the same quarter of 1892 as
follows :
Net revenue.........................................
Deduct—
Interest o r b o n d s ......... $ 2 2 3 ,3 3 5
Sinking f u n d ....................
2 0 ,0 0 0
------:--------
,------ Quarter ending Dee. 3 1 ,1 8 9 3 .-------,
Actual, 1892.
Estimate ft. 1 8 93.
$ 2 ,0 1 2 ,9 1 8
$ 1 ,5 5 0 ,0 0 0
2 4 3 ,3 3 5
$ 2 2 3 ,2 6 2
2 0 ,0 0 0
...........
243 ,2 6 2
N et revenue................................
Less dividend.................. ( l t j p. 0.)
$ 1 ,7 6 9 ,5 8 3
1,1 8 4 ,5 3 6
$ 1 ,3 0 6 ,7 3 8
(1>4 p. 0.) 1 ,185,000
Surplus for quarter...................
Add nominal surplus Oct. 1 ..........
$ 5 8 5 ,0 4 7
1 4 ,4 7 6 ,1 5 6
$ 1 2 1 ,7 3 8
7 ,2 0 8 ,1 8 0
Nominal surplus Deo. 3 1 ........”$ 1 5 ,0 6 1 ,2 0 3
$ 7 ,3 2 9 ,9 1 8
•From this $8,618,510 was distributed to stockholders Dee. 3
D ecember 16,1893,]
IR c p o v ts
THE CHRONICLE.
a n d
1041
FORM OF THE BOND. .
^ o c t im e n t s .
So u th e r n P
a c if ic
$1,000 [or$4100].
S O U T H E R N
P A C IF IC
R A IL R O A D
(O F
C A L I
F O R N I A .)
ABSTRACT OF FIRST CONSOLIDATED MORTGAGE,
DATED SEPT. 15, 1893, MATURING NOT. 1, 1937.
D A T E A>TD PAR TIES.
The in d en tu re is made the fifteenth day of September, 1893,
between the S O U TH E R N P a c i f i c R a i l r o a d C o m p a n y , a cor
poration organized under the laws of the United States and of
the State of California, party of the first part, the S o u t h e r n
P a c i f i c C o m p a n y , a corporation organized under the laws of
the Slate of Kentucky, and lessee of the railroads of said
Southern Pacific Railroad Company party of the second part,
and the C e n t r a l T r u s t C o m p a n y o f N e w Y o r k , party of
the third part.
'
R ECITAL.
It is recited that the Southern Pacific Railroad Company,
as it existed prior to the amalgamation and consolidation of
May, 1888, to secure its bonds for $46,000,009, did on April 1,
1875, execute its first mortgage to D. O. Mills and Lloyd
Tens on the whole of its railroad and telegraph line, aggre
gating 1,130 miles, and on the land granted to the Southern
Pacific Railroad Company by the Acts of Congress of July 27,
1868, and March 3, 1871.
The Southern Pacific Branch Railway Company, prior to
said consolidation, authorized the issuance of §9,000,000 of its
fifty-year first mortgage 6 per cent bonds bearing date the
first day of April, 1887, secured by a mortgage or deed of
trust, dated November 24, 1886, to William E. Brown and
lim it L. Lansing, trustees, covering the whole of its railroad
line.
The Stockton & Copperopolis Railroad Company, prior to
said consolidation, issued its 5 per cent first mortgage bonds
for §500,000, bearing date the first day of January, 1875.
Subsequent to the execution of the foregoing mortgages, by
instrument in writing dated the fourth day of May, 1888, the
said Southern Pacific Raiiroad Company and a number of
other railroad companies of tbe State of California (named
herein) amalgamated and consolidated their capital stocks,
debts, properties, assets and franchises; bonds of said South
ern Pacific Railroad, as it existed before said consolidation,
issued under its said mortgage of April 1. 187), are still out
standing to the amount of §31,293,500, and the company in
tends. prior to or at tbe maturity of the said bonds issued un
der the mortgage of April 1,1875, to retire and pay such
bonds, or to arrange for their deposit as collateral security for
the bond* to be issued under tim indenture, and when ar
rangements have been made for such deposit of all such
bonds, to cause the same to be canceled and the mortgage
securing the same to be satisfied of record.
There are #8,578.000 of the bonds of said Southern Pacific
Branch Railway Company issued under its mortgage of Nov.
24. 1886 (being bonds at the rate of §80,000 per mile for
119 36-100 miles of road), now outstanding in the hands of
third parties, where the same cannot now be controlled for
deposit, but the remainder of such bonds, amounting to §5.422,000, are simultaneously with the execution of this instru
ment delivered to tfie trustee hereunder as security.
Tbe bonds of said Stockton & Copperopolis Railroad Com
pany issued under its mortgage dated January 1, 1875. are
still outstanding to the amount of §500,000, but the party of
the first part intends, as rapidly as the same can be done, to
arrange for the dejwsit as collateral security hereunder of
such bonds, and their ultimate cancellation and the satisfac
tion of the mortgage.
The party of the first part, after said consolidation, did, on the
25th day of August. 1888. execute a mortgage to the Centra!
Trust Company of New York, covering a portion of the prop
erties hereinafter conveyed, and $12,932,000 of tbe bonds
thereunder are yet outstanding,the party of the firstpart intend
ing as rapidly as the same can be done to retire or deposit
them as collateral security hereunder, ultimately cancelling
such bonds and satisfying the mortgage.
The party of the first part on the 3d day of November, 1892
filed in the office of the Secretary of State of California
Amended Articles of Incorporation and Consolidation dated
October 31, 1392. The Company now desires to construct and
complete its railroad and to pay off the debts incurred in the
construction thereof, with their equipments, and to purchase
railroads and other property within the purposes of the cor
poration, and intends to issue its bonds in an amount neces
sary to accomplish said objects.
By a vote of Stockholders representing upwards of twothirds of the entire capital stock of the party of the first part,
at a meeting duly called and held for the purpose, the crea
tion of the hooded indebtedness and mortgage as herein pro
vided for was authorized and directed. The Board of Direct
ors also unanimously passed a resolution directing the same,
such bonds to be issued in series distinguished by successive
letters of the alphabet, each series consisting of not more than
$15,000,000, and to bear interest at a rate not exceeding five
per cent,
R
a il r o a d
No..........
Com
pany
’
(o p C
a l if o r n ia
-,
Series....$1,000 [or $5001.
Firsl Consolidated Mortgage Cold Bond,
The Southern Pacific Railroad Company (of California) acknowledges
itself indebted to the Central Trust Company of New York, or to the
bearer hereof, in the sum of one thousand [or five hundred] dollars
gold coin of the United States, which sum it promises to pay to the
bearer hereof, or, if registered, to the registered holder thereof, on the
first day of November, nineteen hundred and thirty-seven; and it fur
ther promises that, on presentation and surrender at or after maturity
of tbe respective coupons hereunto annexed (authenticated by the en
graved signature of the Treasurer), it will pay to the person presenting
the same, or, it this bond is registered and the coupons appertaining
thereto canceled, it will pay to the registered holder hereof on the first
day s of May and November of each year ensuing the date hereof, in
terest on such principal sum at the rate of five per cent per annum,
payable semi-annually, the interest hereon to commence to run on the
first day of November, 1893, and both principal and interest to be pay
able at the office or agency of the Company in the City of New York, in
United States gold coin.
This is one of the bonds issued under and seeured by the Indenture
of Mortgage or Deed of Trust from this Company to the Central Trust
Company of New York, trustee, dated the loth day of September
1893. and is issued and is to be hold under and subject to the terms
and conditions thereof, and iu case of six months’ default in the pay
ment of any semi-annual instalment of interest on any of the bonds,
issued under said Indenture of Mortgage or Deed of Trust, the princi
pal hereof may become immediately due and payable as in said Inden
ture of Mortgage or Deed of Trust provided.
Nose of said bonds are to be iu anywise binding or obligatory unless
authenticated by a certificate eudorsed thereon, signed by said trustee,
or its successor or suooessors in said trust.
This bond may at any time, uoon production thereof to said
railroad company, and proper endorsement being made thereon, and
either with or without the surrender to said railroad company for can
cellation of all unpaid coupons appertaining thereto, be registered
upon the books of (he company in the name of the holder thereof, and
thereupon its transferability by delivery will cease, amt thereafter it
can be transferred only by the registered holder or his attorney by
transfer duly made upon said books; but if the coupons appertaining
thereto shc.il net have been surrendered for cancellation, any stum,
transfer may be made to bearer, in which ease the transferability
hereof by delivery shall be thereupon restored.
The interest on this bond is payable without deduction for any tax
which may be imposed thereon, either by the laws of the United States
of America or of the state of California which the said Railroad Com
pany may be required to retain therefrom.
In witness whereof tbe said Southern Pacific Railroad Company has
caused its coporate seal to bo hereunto affixed, and this bond to be
signed bv it- President or Vice President and Secretary or Assistant
Secretary, this fifteenth day of September, one thousand eight hun
dred and ninety-three.
So u t h e r n P
a c if ic
R
a il r o a d
Com
By-
pany
,
President,
[or Vice-President ]
[FORM OF COUPON.]
The Southern Pacific Railroad Company (of California) will pay
bearer twenty-five (or twelve and one-half] dollars in United States
gold coin at its office or agency iu the City of New York, on May first
: or Novemlb-r fli-stb
.being six mouths’ interest on Its First
Consolidated Mortgage Gold Bund No...........
PR OPERTY CONVEYED.
Treasurer.
The railroads and railroad lines of the party of the first part
ia the State of California are particularly described in the
mortgage, such description being-condensed as follows :
First. Commencing at the City and County of San Fran
cisco and running thence to Mojave, in the County of Kern,
a distant -* of 400 miles ; also a line of railroad from a point at
or near Tehachapi Pass, by way of Los Angeles and across
the Colorado River, to the east bank thereof near Yuma, In
tiie Territory of Arizona, a distance of 356 7-10 miles ; also a
line of railroad from the town of Gilroy, in the County of
Santa Clara, to a point at or near Salinas City, a distance of
35 1-10 miles; also from a point oa said road at or near Salinas
City, in the County of Monterey, southerly and easterly to a
point in Kern County, south of Tulare Lake, intersecting the
San Joaquin Division of the said Southern Pacific Railroad,
and being about 200 miles in length; also commencing at or
near Do, Angeles, and running thence southwesterly to San
Pedro, a distance of 24 63 100 milf-s, the aggregate length of
all of said railroads being 1.016 45-100 miles, as near as may be.
S e c o n d . From Hillsdale, iu Santa Clara County, to New
Almaden, 7 8-10 miles.
Third. From Pajaro, in Monterey County, to Santa Cruz,
in Santa Cruz County, a distance of 21 2-10 miles, more or
less: also, commencing at or near Aptos, in Santa Cruz
County, to the head waters of Aptos Creek, in the same
county, a distance of 10 miles, the aggregate length of said,
railroads being 81 2-10 miles, more or less.
F o u r t h . From San Miguel to Saugus, i n Lo3 Angeles
County, on line of Southern Pacific Railroad, 250 miles, more
or less.
Fifth. From Castroville, in Monterey County, to Monterey;
thence northeasterly to Pacific Grove Retreat, and thence
southwesterly to the mouth of the Carmel River, a distance
of 31 12-100 inilea.
Sixth. From Martioez, iu Contra Costa County, south
easterly to a conneciion with the Southern Pacific Railroad
at or near Pampa, in the County of Kern, a distance of
307 58-100 miles.
Seventh. From Avon, in the County of Contra Costa, to
Pleasanton, in tbe County of Alameda, 35 miles, more or less.
E i g h t h . From Stockton, in the Countv of San Joaquin, t o
Milton, in the County of Calaveras, 25 68-100 miles, more or
less ; also an extension thereof to the Big Trees, with a branch,
from Altaville to Valley Springs, about 80 miles.
Ninth. From Peters, in the County of San Joaquin, in a
southeasterly direction to a connection with the Southern
Pacific Railroad at or near Poso, in Kern County, 218 69-100
miles, more or less, with a branch westerly to or near Modeso
10*2
THE CHRONICLE.
[Von. LVII,
to. in Stanislaus County, 16 milps; a branch westerly to
And all the appurtenances of any and all said railroads and
Merced, in Merced County, 10 miles ; a branch westerly to branches, and all and singular the rolling stock, equipment
Sycamore, in Fresno County, 10 mile3 ; a branch westerly to and machinery appertaining thereto, whether now owned or
Fresno, in Fresno County, 10 miles, and a branch westerly hereafter to be acquired: also all and singular the several sec
Tulare, in Tulare County, 16 miles, all aggregating to tions of land granted by said acts of Congress, saving, except
ing and reserving, however, all parts and parcels of said lands
280 69-100 miles, more or less.
Tenth. From Berenda, in the County of Madera, in Perry's which have been sold or contracted to be sold or disposed of.
Ranch, about 25 miles.
PROPERTY COVERED M A Y BE R E L E A S E D ON C E R T A IN
Eleventh. From Los Angeles southeasterly to Anaheim
TERMS.
and Santa Ana, in the Countv of Orange, and thence south
Until default shall be made hy the party of the first part the
easterly to San Diego, 140 miles, more or less, with a branch
from Miraflores, in County of Orange, to Tustin, about 12 trustee hereunder shall have full power upon written request
of the party of the first part to convey, by way of release or
miles.
Twelfth. From Los Angeles to Santa Monica, about 18J^ otherwise, and fully release from the lien of this mortgage,
any lands or other property of any description (except only
miles.
Thirteenth. Commencing at a point between Wilmington lands granted by Acts of Congress, as hereinbefore describedand San Pedro, in the County of Los Angeles, and running which are not or shall not be included in the rights of way of
thence southwesterly through said Town of San Pedro to Point the railroads and railroad lines of the party of the first part
Fermin; thence through the lands of the San Pedro Harbor, covered hereby, or used for the construction or operation
Dock & Land Association to the westerly boundary of said thereof, or for the tracks, yards, depot grounds, buildings or
erections thereof) which shall not be necessary for use in con
lands, five miles in lenth, more or less.
Fourteenth. From Long Beach, in the County of Los An nection with any of the said railroads, and to consent to such
geles, to Whittier; thence to Ramona, about 30 miles; also changes in the location of tracks, depots and other buildings
from Los Angeles to a point on the main line of the Southern as may be expedient, the consideration for such releases and
to be satisfactory to the party of the third part
Pacific Railroad between El Monte and Puente, and thence to conveyances
a point on or near San Dimos Creek, 30 miles, more or less, or such expert as it may appoint, and to be applied to the re
all in said County of Los Angeles, and aggregating about 60 demption of bonds issued under and secured by said mortgage
of April 1, 1875, or this mortgage, or applied to the acquisi
miles.
tion or improvement of properties used or to be used as part
Fifteenth. From Long Beach Junction, in the County of of the mortgaged lines, but any such properties shall there
Los Angeles, to the Town of Long Beach, and thence in an upon become subject to the lieu of this mortgage, and all
easterly direction to the boundary line between the Rancho bonds redeemed with such consideration for such releases or
Los Cerritos and Rancho Los Alamitos, about 4 miles.
conveyances shall be forthwith canceled.
Sixteenth. From Ramona, in Los Angeles County, to
PROCEEDINGS IN CASE OF D EF A U LT .
Crafton, in the County of San Bernardino, about 71 miles.
If default shall be made in the payment of the principal or
Seventeenth. From the Citv of San Francisco in a general
southerly direction by the most practicable route to San interest of any of said bonds, and such default shall continue
for the period of six months, then the party of the third part,
Bruno, in the County of San Mateo, about 11 milles.
Eighteenth. From King City, in the County of Monterey, or its successors in the trust, at the request of the holders of
in a general easterly direction to Lewis Creek, in the same one-fourth part in amount of the said, bonds then out
standing, may, and at the request of the holders of a
county, about 15 miles.
Nineteenth. From Paso Robles, in the County of San Luis majority in amount of the said bonds then outstanding,
Obispo, in a general southeasterly direction to Carisso Plains, shall, enter into and take possession of the premises; and
in case the principal moneys secured by such bonds shall
in the same county, about 56 miles.
Twentieth. From San Luis Obispo, in the same county, in not have become due. the moneys applicable to the pay
a general southeasterly direction to a point on the Santa Ynez ment of interest shall be applied upon the interest in
River at Santa Ynez Mission, in the County of Santa Barbara, stalments remaining in default in the order of their maturity;
in case the said principal moneys shall have become due. the
about 80 miles.
Twenty-first. From a point at or near the mouth of the moneys applicable to the payment of the principal and inter
Santa Ynez River, in the County of Santa Barbara, in a gener est on such bonds shall be applied to such principal and inter
al southeasterly direction via Lompoc to Santa Ynez Mission, est pro rata without any preference or priority whatsoever,
In said County of Santa Barbara, about 35 miles.
SALE UN D ER T H E M O RTG AG E.
Twenty-second. From San Buenaventura, in the County of
And further, if default shall be made and continue fo r six
Ventura, in a general easterly direction via Hueneme Plains months, then the party of the third part, at the request of the
and San Fernando Valley to Los Arigeles, about 70miles.
holders of one-fourth part in amount of the bonds then out
Twenty-third. From Santa Monica, in the County of Los standing, may, and at the request of the holders of a majority
Angeles, to the new wharf west of Santa Monica Canon, then outstanding shall, cause the whole of tbe said premises,
about 3 miles.
estates, franchises, &c., to be sold at public auction in the city
Twenty-fourth. From Ontario, in the County of San Ber of New York or the city of San Francisco, giving at least three
nardino, southeasterly via Chino and South Riverside to Elsi months’ previous notice of the time and place of such sale in
nore, in the County of Riverside, about 41 miles.
two newspapers published in New York and two published in
Twenty-fifth. From San Bernardino in a general southerly San Francisco.
direction via Colton and Riverside to South Riverside, in the
And in case of a deficiency of the proceeds to pay in full
County of Riverside, about 28 miles.
the whole amount of principal and interest upon the said
Twenty sixth. From Declez, in the County of San Bernar bonds, they shall be paid ratably in proportion to the amounts
dino, in a general southerly direction, to Declezville, about 3 owing and unpaid upon them respectively, and without dis
miles.
crimination as between principal and interest, and without
Twenty-seventh. From Redlands Junction, in the County preference of the holder of any one bond or coupon over any
of San Bernardino, in a general easterly direction via Redlands of the others,
and Crafton to Yucaipa Valley, in the same county, about 15
SALE B Y FORECLOSURE.
miles.
And it is further provided that upon the happening of such
Twenty-eighth. From San Bernardino in a general south event as to authorize the party of the third part to sell the
easterly direction to Motor Junction, about 8 miles.
said premises, the said party of the third part, at the request
Twenty-ninth. From Collis, in the County of Fresno, in a of the holders of one fourth in amount of the bonds then out
general easterly direction to Fresno, about 16 miles.
standing, may, and at the request of the holders of a majority
Thirtieth. From Mendota, in the County of Fresno, in a in amount of sail bonds, shall, instead of taking proceedings
general southeasterly direction through Fresno, Kings and for and making sale of said premi es under tne power of sale
Kern counties to LoksAn, in the County of Kern, about 110 hereinbefore contained, proceed by bill in equity, or other ap
miles.
propriate proceedings, in any court of competent jurisdiction,
Thirty-first. From Lokern in a general easterly direction to foreclose this mortgage ; and in case of such judicial sale
to Rio Bravo, about 16 miles.
the net proceeds thereof shall be applicable and distributable
Thirty-second. From Stevens, in the County of Kern, in a in like manner as hereinbefore provided.
general easterly direction to Bakersfield, in the same county,
PR IN C IP A L TO BE D E C L A R E D DUE.
about 15 miles.
In case default shall be made in the payment of interest on
Thirty-third. From Lokern, in a general southwesterly
any of the bonds, and such default shall continue for six
direction to Aspkalto, about 10 miles.
Thirty-Fourth. From Stevens, in the County of Kern, in months, then the Trustee shall, upon the request in writing of
a general southerly direction via Sunset Asphaltum Beds, and the holders of one-fourth part in amount of the bonds then
thence in a general easterly and northerly direction toPampa, outstanding, declare the principal of all of said bonds imme
diately due and payable.
in the County of Kern, about 56 miles.
m a j o r it y o f b o n d h o l d e r s m a y w a iv e d e f a u l t .
Thirty-Fifth. From City of Fresno, in a general north
easterly direction via the town of Pollasky, on the San Joaquin
It is hereby mutually agreed, as a condition subject whereto
River, to a point near the head of the San Joaquin River, in the bonds secured hereby are issued and held by each suc
Madera County, about 75 miles.
cessive holder, that the holders of a majority in amount of
Thirty-Sixth. From Montpelier, in the County of Stanis such bonds at any time outstanding may, by an instrument
laus, in an easterly and northerly direction, to the Yosemite under their hands and seals, or resolution adopted at a meet
Valley, in Mariposa County, about 92 miles.
ing of such bondholders, waive, or instruct the Trustee to
Thirty-Seventh. Such branches, in the counties herein waive any default, provided, always, that no such action of
before named, or in one or more thereof, to any of the rail the bondholders shall extend to or be taken to affect any subroads or railroad lines above prescribed, as may have been, or j sequent defaults, unless expressly provided fo r ; and the
may hereafter be, acquired or constructed under direction of |holders of such majority may in like manner, if the principal
the board of directors of the party of the first part.
of the bonds shall have become or be by said Trustee declared
THE CHRONICLE
D ecember 16, 1893.]
due and payable before the period therein mentioned for the
payment thereof shall have expired, w aive such default or
reverse the action of said Trustee in that respect.
LANDS SUBJECT TO T H IS MORTGAGE,
All lands granted or conveyed under the Acts of Congress
hereinbefore referred to and in anywise covered or aifected
by the provisions hereof, excepting only such of said lands as
are or shall be included in the rights of way of the railroads
and railroad lines of the said party of the first part are secured
by the mortgage to B. O. Alills and Lloyd Tevis dated April
1, 1875, and svhen all the bonds issued 'under said mortgage
shall have been fully satisfied and discharged, then the said
lands so far as they remain unsold at that time shall be sub
ject to the like provisions in respect to sale and conveyance,
and release from the lien of this mortgage, as are in said mort
gage of April 1, 1875, prescribed, and ail proceeds of land
sales ahull from time to time be used in the purchase of bonds
in the market to be canceled so long as purchases thereof can
be made at par, and whenever such bonds cannot be pur
chased at that rate the Trustee or Trustees shall advertise for
proposals to sell such bonds to it, and after receiving such
proposals it shall purchase such bonds at the lowest terms so
offered, and all bonds so purchased, whether in the market or
after, such advertisement for proposals, together with the
coupons appertaining thereto, shall be forthwith canceled and
discharged.
SINKING FUND.
The party of the first part agrees to create a sinking fund
to lie specially applied to the redemption and payment of the
bonds to be issued under and secured by this indenture, by
setting apart, out of the net income derived by it from the
lints of railroad herein mortgaged, the sum of §20,000 in gold
coin in the year 1898, and in each year thereafter until 1912,
and the sum of $120,000 in gold coin in the year 1918. and in
each year thereafter, until all of said bonds, principal and intereet, shall be redeemed or paid, in trust, to be invested in
ood securities, under the order and direction of the Board of
hectors of the party of the first part, or used to redeem said
bonds ; and upon said Board determining to u-s such sinking
fund or any p irt thereof to redeem such bonds, notice shall
be published in New York and San Francisco not less than
four weeks. “ that bonds will be redeemed therewith,
and inviting bids for the surrender of such bonds at prices to
be named by tic- bidders, and, upon reception of said bids, the
lowest bids shall be accepted, and bonds redeemed, to the- ex
tent of the money in the sinking fund, which said Board of
Directors shall have determined to use for the redemption of
such bonds, and all bonds so redeemed shall be forthwith can
celed, and the Trustee or Trustees hereunder notified bv the
party of the first part of the distinguishing numbers of the
bonds so redeemed and cancel'd."
g
APPOINTM ENT OF N E W TRUSTEE.
** \nv vacancy in the office of Trustee hereunder may be
permanently rilled by the appointment of a new Trustee or
new Trustees by an instrument or concurrent instruments in
writing, executed under the hands and seals of the holders of
a majority in interest of the then outstanding bonds secured
hereby, or their attorneys in fact thereunto authorized, but
that the Board of Directors of the party of the first part or its
successor, may make a temporary appointment to fill such
vacancy until a [lermauentappoincmeiu shall be made iu the
manner above prescribed,"
BONDS .U rtlO B IZE I) UNDER T H IS M ORTGAGE.
First,—Bonds to the amount, dollar for dollar, to which
now outstanding bonds of the said Southern Pacific Railroad
Company issued under and secured by the mortgage of April
1, 1875, hereinbefore referred to, or now outstanding bonds of
the said Southern Pacific Branch Bad wav Company issued
under and .secured by its mortgage of November 24, 1886,
hereinbefore referred to, and bearing distinguishing numbers
between 1 and 3.578, both inclusive, or now outstanding
bonds of the said Stockton & Copperopolis Railroad Company,
»«ued under and -scored by its said mortgage of .January 1,
1875, hereinbefore referred to, or now outstanding bonds oi
the said Southern Pacific Railroad Company, issued under
and secured by it* mortgage of August 25,1888, hereinbefore
referred to. shall have been deposited as collateral security
with the Trustee under this Indenture, or to the amount to
which such bonds, or any of them, which shall not have been
deposited os such collateral security, shall have been (other
wise than from proceeds of land sales or sinking fund or pay
ments received for the so-called Mojave Branch) retired, paid
and canceled.
S e c o n d . - To a m o u n t* not. e x c e e d in g $30,000 p a r v a lu e o f
ifle o f r : i ■ ■ ml o r i ■ ' b a ilt, r e a d y fo r
o p e ra tio n o n : he lin e fo r m e r ly o f th e stiff S o u t h e r n P a c ific
B r a n c h R ail w a v C o m p a n y , c o v e r e d b y it* m o r t g a g e o f Ivov.
21. 1888, os h e r e in b e fo r e s ta te d , b e y o n d a n d in e x c e s s o f 119-28
m ile s : jinrriih'rlt h otr iv t , th a t n o b o n d s are to be s o issu ed o r
c e r t ifie d u n d e r t b L *■tiu->- h e r e o f e x c e p t o n th e c e r t ific a t e o f
Uv
1V
Z
river of Hit party ot the nr-:r, pore
o r its su cce sso rs, c e r t ify in g th a t th e a c t u a l c o s t (iu ca sh o r tit
b o n d s issu ed u n d e r this m o r t g a g e taken at th e fair m a r k e t
v a lu e t h e r e o f) o f th e r a ilr o a d s o b u ilt, w it h re s p e ct to w h ich
it is requ ested that b o n d 5 sh a ll he issu ed, eq u a ls o r e x c e e d s
t b e p a r v a lu e o f th e b o n d s r e q u e s te d to b e c e r tifie d th e r e
u n d e r w ith r e s p e ct th e r e to .
T h i r d . T o a m o u n ts n o t e x c e e d in g $22,500 p a r v a lu e o f s u ch
b o n d s per m ile fo r e a ch m ile o f ra ilr o a d n o w c o m p le te d r e a d y
f o r o p e r a tio n , a n d c o v e r e d b y th is in d e n tu r e , w h ic h is n o t
1043
covered by tbe mortgages of April 1, 1875, November 24, 1886
January 1, 1875, or August 25, 1888, hereinbefore referred to,
and for each mile of railroad completed leady for operation
covered by this indenture which may he hereafter completed
or acquired (except railroad included in the line formerly of
the Southern Pacific Branch Railway Company, described in
its said mortgage of Nove mber 24, 1886). Provided, however,
that no bonds are to be so issued or certified except on a
similar certificate of the President and Chief Engineer of the
party of the first part.
Fourth. To amounts not exceeding in the aggregate §7,500
par value of such bonds per mile of now or hereafter com
pleted railroad covered by this Indenture,excepting road against
■which bonds have been issued under the said mortgage of
April 1, 1875, and excepting the line of road formerly of the
said Southern Pacific Branch Railway Company, covered by
its said mortgage of November 24, 1886 ; provided, however,
that such bonds shall be issued under this clause only upon
certificates o f the President and Chief Engineer of the party
of the first part, certifying that expenses and disbursements
to the amount of the par value of the bonds requested to be
certified have been incurred (in cash or in. bonds issued under
this mortgage taken at the fair market value thereof) over
and above the cost of completing or acquiring said road ready
for operation in or about double-tracking, masonry, iron
bridges, rolling stock or other betterments or improvements
either to the permanent way or local or terminal facilities
for the mortgaged lines.
Fifth. To amounts within such limit of §7,500 per mile of
now or hereafter completed road other than the line of road
formerly of said Southern Pacific Branch Railway Company,
for the purpose of completing such last-mentioned line of
road : provided, however, that bonds shall not be issued under
this clause hereof to amounts which shall in the aggregate ex
ceed §3.000,000, and that such bonds are only to be certified
by the Trustee upon the certificate of the President and Chief
Engineer o f the party of tbe first part or its successors that an
amount equal to the par value of the bonds which it is re
quested shall be issued has been expended, or paid (in cash or
in bonds issued under this mortgage taken at the fair market
value thereof) on such line of road formerly of the Southern
Pacific Branch Railway Company over and above §80,000 per
mile,
BONDS TO BE HEED AS COLLATERAL.
All bonds issued under either of the prior morlgages here
inbefore referred to, viz., the mortgages of the said Southern
Pacific Railroad Company, dated April 1, 1875, and August
2.5, 1888, the mortgage of "said Southern Pacific Branch Rail
way Company, dated Nor-ember 24. 1886, or the mortgage of
the said Stockton & Oopperopolis Railroad Company, dated
January 1, 1875, which are simultaneously with the execution
hereof, or thereafter, deposited with the Trustee hereunder,
shall be held as collateral security for tbe bonds issued under
this mortgage until ail o ‘ the outstanding bonds issued under
such prior mortgage shall have been so deposited, whereupon
such deposited bonds issued under such prior mortgage shall
be canceled and the mortgage securing the same shall be
satisfied of record, unless the party of the first part hereto, or
or its successors, should desire to keep the same alive as
security for the bonds issued hereunder, and the Trustee
hereunder should assent to so doing.
COVENANTS A3 TO BONDS TO BE ISSUED.
Tin; pari y nf tl,c first part furl tier under! akes. covenants and agrees :
(X) xb.it the total amount o i bonds tiiai may ever be issued liereundfer am! secure.il Inu-ebv shall not exceed bonds fo r a total amount
Of S5S.Oi-iO.ooO, mill such additional am ount o f bonds as m ay be
sufficient to re! ire. bond for bond, outstanding first mortgage bonds of
said SiHitiioni fbn-lflc Railroad Company issued under the m ortgage
ball'd April I, 1875, hnvinnefore referred to.
( 2 ) Thu t no bonds .-ball be hereafter issued under the said m ortgage
o f the southern Pacific Ruin-mid com pany dated April 1, 1875, or
under the -aid uiorucage o f said-Company dated August 25, 1888,
hereinbefore referred to.
, „
(3) That i he bonds of the said Southern Pacific Rgulroad Company
issued under the said m ortgage dated April 1, 1875, and under the
mortgage dated August 2 ’>.' 1888, and the bonds of the said bouthem
Pacific Brum * Bait wav Company issued under the mortgage dated
November 2 1, is »6 , and the bonds o f the said Stockton & Copperopohs
Railroad O m p a n v issued under the m ortgage dated January 1, 1875,
-nail all !> ■severally paid or retired at their respective maturities and
not extended, to the end that the bonftS issued under and secured by
this mortgage shall becom e a first lien upon the entire mortgaged
(4) That bonds shall not be certified hereunder within tw o years
from the dale hereof iu excess of $ 2 0 ,0 0 0 ,0 0 0 . except against or m
respect of deposit with the Trustee hereunder or cancellation (other
wise than from proceeds o f land sales or sinking fund or payments
received fertile so-called Mojave Branch) o f bonds of the Soutaerii
Pacific Railroad Company, issued under said m ortgage of April l,
1875, or against or iu respect of -deposit with the Trustee hereunder
o f cancellation o f bonds issued by said Stockton & Copperopolis
Railroad com pany under the said mortgage of January l» 1875, or by
tbe Southern Pacific Branch Railway Company under the sard m ort
gage of -November 21, 1 8 8 6 , hereinbefore referred to.
(5i That the total amount o f bonds certified hereunder (excepting
such as may have been certified against or in respect o f deposit or
retirement o f bonds issued under said m ortgage of April 1 ,1 8 >5,) plus
the amount o f the then outstanding bonds issued under the m ortgages
of J-aimarv 1, 3875, November 24, 1886, and August 25, 1888 (except
ing those deposited with the Trustee hereunder) shall not at any time
within ten years from the date hereof, exceed # 8 8 ,0 0 0 , 0 0 0 , nor shall
such amount at any time after ten years from the date hereof be
increased above $38,000,000 unless it shall at the tim e appear b| certifi
cate of the President and Treasurer of the party of the first part, or
its successors, that the net earnings o f the Railroad, property covered
by thin mortgage shall for each of the two preceding fiscal years have
been at least equal to the interest for each of such years upon the
amount o f the bonds then outstanding and secured by the said m ort
gage of A pril 1, 1875, and the interest at the rate of five per cent per
annum upon $58,000,000.
. ,,
,
„
. n, ^ ,
fh) That if payment should be received by the party of the first part
or its successors, from the Atlantic & Pacific Railroad Company, its
successors or assigns, for the so-called Mojave Branch, a part o f the
THE CHRONICLE.
1044
railroad covered by the said mortgage of April 1 ,18 7 5, heretofore
contracted to be sold to said Atlantic <fe Pacific Kailroad Company,
under indenture between the party of the first part hereto, the
Atlantic <fe Pacific Railroad Company, the St. Louis & San Fraucisco
Railway Company and the Atchison Topeka & Santa Fe Railroad Com
pany, dated the 20th day of August, 1884, and therein described as
extending “ from the west end of the bridge over the Colorado River
“ at or near the Needles in the State of California, two hundred and
' ‘ forty two and thirty-seven one-hundredths miles or thereabouts to
“ the easterly margin of the grounds or yards of the party of the first
“ part used in connection with the Mojave Junction station or with the
“ main line of road of said party of the first part between Goshen and
“ Yuma,’’ the sum so received shall be applied to the purchase and
cancellation of the bouds secured by said mortgage of April 1, 1875,
if, and so far as any of such bouds are then outstanding; and, after the
purchase and cancellation of all the outstanding bonds secured by said
mortgage, then the balance of the proceeds of said Mojave Branch
shall in like manner be promptly applied to the purchase and cancella
tion of the bonds secured hereby.
In case the said Atlantic & Pacific Railroad Company should make
default in the performance and fulfillment of the obligations and
undertakings on its part, expressed in the said indenture of August
20, 1884, in respect to the purchase of and payment for the said
Mojave Branch, and such contract of sale should thereby or otherwise
terminate, then and in that event this mortgage shall attach to and
upon tfie Baid Mojave Branch with the like effect in all respects as
if the same had been specifically included and described within the
granting clause hereof.
I n witness whereof, the parties hereto have caused their
fVOL. L V I I.
% h e C o m m e r c ia l jin x e s .
COMMERCIAL
EPITOME.
F r id a y N ig h t ,
Dec. 1 5 .1 8 9 3 .
For nearly all deseriptionsof merchandise there is a gradual
lessening ot demand under the influence of the approaching
holiday period. Speculative dealing in staple commodities has
been confined principally to liquidation of outstanding en
gagements, and a disposition is shown to avoid new obliga
tions in consequence of reports that the bill prohibiting trad
ing in options will be revived during the present session of
Congress. Merchandise upon which changes of import duty
are recommended by the Ways and Means Committee of the
House is generally found to be held about steady, operators
preferring to ascertain the drift of legislative discussion over
the tariff bill before assuming that the value of their supplies
will undergo deterioration. The export demand for cotton
respective corporate seals to be hereunto affixed and attested has increased, but breadstuffs secured no general attention
by their respective Secretaries, or Assistant Secretaries, and from foreign buyers. Com was handled with greatest confi
these presents to be signed by their respective Presidents or dence by shippers and wheat and flour simply in a perfunctory
way on regular orders. There has been a slight increase in
Vice-Presidents, the day and year first above written.
the movement of wheat toward storage depots at the West.
SOUTHERN PACIFIC RAILROAD COMPANY,
Advices from winter-wheat sections indicate continued fav
By Ch a s . F. Cr o c k e r ,
[ se a l, [
President.
orable crop conditions.
Attest:
Lard on the spot has met with a limited trade and prices have
J. L. WILLCUTT,
declined in sympathy with futures, closing easy at 7%c. for
Secretary.
prime City, 8'50c. for prime Western and 8'8oc. for refined
SOUTHERN PACIFIC COMPANY,
for the Continent. The speculation in lard for future delivery
By Chas . F. Cr o c k e r .
[seat .]
Vice-President.
at this market has been extremely dull and prices have de
Attest:
clined in sympathy with the West, where packers have been
G. L. LANSING,
selling, prompted by increased receipts of swine at primary
Secretary.
points, closing easy.
CENTRAL TRUST COMPANY OF NEW YORK,
By E. F rancis H td e ,
2d. Vice- President.
[ s e a l .]
Attest
December...........................
January..............................
C. H. P. BABCOCK,
Secretary.
C O T T O N
C R O P
O F
T H E
U N IT E D
S T A T E S .
ESTIMATES OF THE COTTON CROP OF THE IT. S. 1893-94.
COMPILED BY
LATHAM, ALEXANDER & CO., NEW YORK.
With the view of presenting to our friends and customers,
and the cotton trade generally, the most reliable information
concerning the probable yield of cotton for this year, we ad
dressed a circular letter to the most responsible bankers, mer
chants, cotton factors, buyers, planters and gin owners in
every cotton section of the United States, and requested their
estimates,
In response to our letters, which were so mailed as to reach
nearly all parts of the South simultaneouslv, we have re
ceived 1,655 letters, dated December 8th and 9th, containing
estimates which are tabulated herewith.
ESTIMATED TOTAL CROP B Y YIELD OF THE STATES.
Average
of
it
156 letters makes crop of Alabama.......... 6S1,«87 bales.
<<
“
90
Arkansas....... .. 677,340
it
11
Florida..........
43,000
if
It
276
Georgia......... .. 876,903
tt
tt
42
Louisiana___ . 493,467
It
tt
173
Mississippi... . 929,422
“
95
No. Carolina. . 343.963
tt
149
So. Carolina.. . 498,869
tt
69
Tennessee___ . 292,586
it
ft
“
310
Texas............ ..1,840.614
“
___
Various......... ..
75,000
It
ft
it
1,371
Tot. Crop of tlie United States....... 6,753,001
“
ESTIMATED TOTAL CROP B Y PER CENT YET TO BE MARKETED.
Average of 1.410 letters makes amount of cotton yet
on plantations 24% of total estimates of States
(6,753,001).............. ........................................................ 1,620,720 bales.
Total crop of the United States marketed to Dec. 9 ... 4,300,000 “
Add amount of cottonat small to wns.railwry stations,
In public gin houses, »tc.................................................
524,000 “
T
otal
Cr
o p of
th e
U n it e d Sta t es ................................... 6 , 4 4 4 , 7 2 o
“
ESTIMATED TOTAL CROP OF THE UNITED STATES BASED UPON GENERAL
INFORMATION.
Average 148 letters from Alabama makes total crop...6,499,939 bales.
“
a
“
84
“
Arkansas..
7.069,060 “
“
«
“
11 “
“
Florida___
6,812,500 “
it
261 “
“
Georgia...,
7,192,651 “
a
tt
“
44 “
“
Louisiana.
7.254.561 “
it
“
167
“
“ Mississippi
7,177.869 “
a
“
“
97 “
7.115,402 “
“
N. Carolina
“
“
“
129 “
“
S. Carolina
6,987,031 “
“
“
71 “
“
Tennessee.
7,122,485 “
it
tt
“
250 “
“
Texas........
7,124,908 “
u
1,262
“
“
D AILY CLOSING PRICES OF LARD- FUTURES.
makes total crop of tlie U.S. 7,035,640
“
RECAPITULATION.
T’l crop of the U. S. estimated by production of States6,753,001 bales.
“
“
“
"
by per cent still on plantations... 6,444,720 “
“
“
“
“
estimated upon general inform’t’n 7,035,640 “
AVERAGE OF THESE THREE ESTIMATES MAKES TOTAL
CROP ............................................................................... ....... 6,744,453
“
We respectfully submit the foregoing estimates, and return
our sincere thanks to the many correspondents who so cheer
fully and promptly responded to our letter of inquiry.
18 Wall Street.
LATHAM, ALEXANDER & CO.
Hew York, December 14, 1893.
Sat.
M o n.
T'tcs.
8'80
8'50
865
8-35
8'60
8'20
Wed.
8'60
8'25
T h u rs .
8'40
8'15
F ri
8'30
8 '0 0
Pork has continued in slow demand, and prices have been
lowered a trifle to §14 50(3 $15 for mess. $16(3 $16 50 for family,
$15 50@$17 50 for short clear and $13 50 3$11 for extra prime.
Cut meats have declined to 8I^@8J^c. for pickled bellies, 12@ 10
lbs. average, 93^(39}^n. for pickled hams, and 0 aGl^c. for
pickled shoulders. Beef is dull and unchanged at $3i<r$8 50
for extra mess, $12@$14 for family, $10@$10 50 for packet
and $19.3820 for extra India mess. Beef hams are easier at
$15(3315 50. Tallow has been quiet but steady at 51-jJc. Lard
stearine has declined to 9J^c. Oleo-stearine is also lower at
iyaa7}4c. Cotton seed oil has advanced to 28J^c. for prime
cruda and 31c. for prime yellow. Butter is dull and easy at
20@27c. for creamery. Cheese is quiet but steady at 9 3 12}q(c.
9@12J^c. for state factory full cream. Fresh eggs are dull and
barely steady at 243 28c. for Western.
Coffee increased in value and sold with greater freedom, in
consequence of fears that shipments from Brazil would be
cutoff. The greatest firmness shown on meiium qualities.
Rio quoted at 18|^c. for No. 7, good Cucuta at 21@2lJ^c. and
interior Padang 23J^@ 24c. Dealing in contracts for future
delivery was moderate and mostly to cover short engage
ments, with values securing quite a stimulus, closing to-day
with a firm tone. The following are the final asking prices:
Deo................17'20o. IMeh............... 16*25o. IJune ............. 15'50c.
Jan...—. ....... ,.16'90c. Apr.... ....
15'95o. July............... 15'35c.
Feb................ 16'55e. 1May........... ..-15'75e. IAug...... ........15'20o.
Raw sugars declined in price, which resulted in some in
crease of business, but no evidence of anxiety among buyers.
Centrifugal quoted at 2Jgc. for 96-degrees test, and muscovadoes at 2;'gC. for 89-degrees test. Refined sugars secured a fair
uniform demand at steady rates; granulated quoted at
4Lie. Other staple groceries without animation but steady.
There was a limited inquiiy for Kentucky tobacco at steady
prices. Sales were 250 hhds., of which 150 bhds. were taken
by exporters. Seed leaf tobacco was quiet but steady. Sales
for the week were 1,055 cases, as follows : 175 cases 1892 crop,
New England Havana, 15@50c.; 300 cases 1892 crop, State
Havana, lo@20c.; 200 cases 1892 crop, Wisconsin Havana,
6J^3l2J^c.; 175 cases 1890 crop, Wisconsin Havana, 13@
17l£c.: 200 cases 1892 crop, Pennsylvania Havana, ll@13c.;
125 cases 1892 crop, Pennsylvania seed, 9@12c., and 150 cases
sundries, 4@32c.: also 450 bales Havana, 65c. (g$l 10, and 600
bales Sumatra, 45c. @$2 50.
The dealings in the market for Straits tin have been unim
portant, but prices have been advanced and the close was
firm at 20'65c. asked. Ingot copper has been lowered a trifle
in price, but at the close the market was firm at 10'20c. for
Lake. Lead has further declined and the close was quiet at
3-15c. for domestic. Spelter has also declined, but the close
was steady at 3'70c. for domestic. Pig iron has been moder
ately active and steady at $11@$14 50 for domestic.
Refined petroleum is unchanged at 5 lac. in bbls.. 2'65c. in
bulk and 6'25c. in cases; crude in bbls. is firm. Washington
closing at 6c. in bbls. and 3'50c. in bulk; naphtha 5%c.
Crude certificates have been further advanced, closing steady
at 79$£c. asked. Spirits turpentine has been dull but steady
at 2!j:a29L<c. Rosin has been without change an! quiet at
$1 30(3$1 35 for common and good strained. Wo >1 continues
unsettled and dull. Hops are in light request aud easy.
THE CHRONICLE.
D ecember 16, 1893.]
C
O
T
T
O
N
.
Friday Night, December 15, 1893.
The Movement of the Drop, as indicated by our telegrams
from the South to-nigbt, is given, below. For the week ending
this evening the total receipts have reached 300,392 bales,
against 311,103 bales last week and 296,931 hales the previous
week; making the total receipts since the 1st of Sept., 1893,
3,605,145 bales, against 3,208,835 bales for the same period of
1892, showing an increase since Sept. 1, 1893, of 396,280 bales.
Receipt* at—
Mon.
Sal.
Toes.
Wed.
Thurs.
9,559 19,704 5,726 7 ,9 2 3 9,930
..........
......
......
—
.........
13,744- 17,393 19,617 12,663 12,188
1,662
2,498
1,635
1 ,8 6 * 3,631
G alveston_____
Yelasoo, A c ___
New O rleans...
M ob ile................
5 ,935
......
4,129
Savannah..........
Brunsw 'k.Ac.
Charleston........
5,313 11,337
......
......
2,707
3,927
5,778
......
3,113
6,685
2,739
PH.
Total.
9,205
3,396
8,718
3,393
2,071
6,308
1,241
848
62,047
3,396
84,323
14,633
2,071
41,354
1,241
17,463
1045
In addition to above exports, our telegrams to-night als ogive ns the following amounts of cotton on shipboard, not
cleared, at the ports named. "We add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & Barrows, 24 Beaver Street.
ON SHIPBOARD, NOT CLEARED—FOR
Dec. 15 at—
Great
Olhet*
Britain. France. Foreign
Coast
wise.
Total.
2C.8S5
12,600
None.
None.
None.
None.
250
None.
4 ,436
4,782
3,800
None.
None.
6,000
None.
None.
64,601
84,579
1 4 ,-0 0
11,400
7,000
49,992
12,550
82,000
New O rleans...
Galveston.........
Savannah.........
Charleston........
New Y ork ,........
Other p o rt-___
27,583
62,648
4.000
8,500
7.000
40,992
4.800
45,000
11,757
4,549
7.000
2,900
None.
3.000
7,500
37,000
Leaving
Stock.
243,483
1 2 2 ,5 8 8
9 7 ,6 0 9
85,7 5 2
36,9 3 5
43,8 2 6
1 76,121
6 7 ,9 0 0
Total 1 8 9 3 ... 200,523
33,735
73,706
19,018
326,982
8 7 9 ,2 1 4
Total 1 8 9 2 ...
78,999
Total 1 8 9 1 ... 137,819
27,167
24,801
97,470
58.124
18.073
13,237
221,649
233,981
909,008
1,024,23©
Speculation in cotton for future delivery at this market has
been more active, and higher prices have been obtained. The
outcome of supplies from plantations was somewhat in excess
2 ,539
of previous calculation, but there is a growing tendency
5,319
among local operators to accept the theory that a large por
2,7 3 *
2.359
tion of the crop has been urged forward under financial strin
a .....
......
gency and that a sharp falling oil in arrivals must soon take960
place. There has been free buying for export account during
601
953
the week, especially on Continental orders, and an increased
......
......
demand from home consumers, who have bought direct from
719
157
offerings at primal points. The week under review opened
T o lls this week 4 3 ,9 5 * 62,227 54,175 42,579 42,175 55,280 300,392 quiet with a loss of 6.37 points on Saturday followed by a
The following shows the week's total receipts, the total since further decline of 10 points on Monday, although a consider
Sept. 1. 1893, and the stock to-night, compared with last year. able reaction was secured before the close of that day. Dur
ing the period named there were large receipts at
Stock.
1892.
1893.
the ports reported, a generally indifferent demand, and
Receipt* to
Since
Sep.
Since
Sep.
This
This
considerable liquidation by holders of long engage
Dec. 15.
1892.
1893.
Week. 1 , 1892.
Week. 1, 4893.
ments.
Tuesday opened with an advance of 10@11
G a lv eston .... 62,047 719,137 45,186 754,338 207,167 155 499 points which afterwards disappeared, but there was
6,709 noticeable shrinkage of offerings and evidence of good buying
23,651
1,705
V elasco, Ao.
3,746
32,481
3,3961
by strong operators. On Wednesday demand grew larger
New Orleans 84,323 1,045,404 86,429 836,455 308,144 279,998
and more pronounced through the accession of numerous
39,705
43,93 >
M o b i l e ...... 14,683 132.622
9,239 116,345
covering orders with 14 points net gain secured. Yesterday
13,172
F lorid a .........
2,071
393
13,777
further strength was shown upon influence of stronger tone
Savannah . . 41,354 64-j,084 21,014 567,688 112,409 121,157 nbroad and reported small stocks in hands of foreign spinners.
11,100
1,241
45,459
15,500
Br*wlek.t&e
5.948 104,494
To-day the market opened six points up, but the unexpected
58,665
97,152
C harleston.. 17,463 2,44,621
7,443 225,219
volume of crop movement at interior towns censed a sharp
30,548
222
P.Eoyal.t&o
reaction, closing unsettled. Tile trading in cotton on spot has
21,010 been fairat higher rates, closing at 8c. for middling uplands.
24,448
Wilmington.. 11,518 139,462
6,030 123,912
29
40 i
541
The total sales for forward delivery for the week are 1,312,500
43,137 bales. For immediate delivery the total sales foot up this week
N o r fo lk . . . . . 2 4,268 295,495
9 8 ,8 18
6.483 172,639
27,432
16,336 8,329 bales, including — - for export, 1,029 for consumption,
West Point 17,631 140,167
6,539 150,728
2,116 -----for speculation and 7.300 on contract. The following are
17,075
6,493
29,006
10,752
597
20,805
17,740 188.671 303,733 the official quotations for each day of the past week—
Hew Y o r k ...
3,912
2,371
37.682
27,00 i December 9 to Deo-mber 15.
5,102
36,426
25 000
5,519
B o s to n . . . . . .
28,719
29,587
1,741
23,355
2,769
20,720
B altim ore, ..
Bates on and off middling, as established Nov. ,23 by the
12,021
14,605 Revision Committee, at which grades other than middling
17,074
1,964
19,403
3,117
Pbiia«iel.,4comay be delivered on contract:
T o ta ls . . . . . 300,39 £ 3,605,145 211,399 3,203,385! 1.206 198 1,130 657
■Wilmington___
W ash’ ton, Ac.
N orfolk...............
W e st P o in t...
N ’port N ., Sec.
New Y ork.........
B o sto n ..............
B a lt im o r e ......
Phiiadidyii'a Ac
In
give
2,890
1,949
1,739
......
4,474
4,419
......
816
1 ,214
......
414
1 ,586
......
1,582
1,732
......
752
1,551
......
401
2,681
32
4,158
2,313
6,493
534
486
1,741
1,161
873
......
3,196
3,550
......
850
267
......
262
11,518
32
24,268
17,631
6,493
3,912
5,102
1,741
3,117
o r d e r th a t c o m p a r is o n m a y b e m a d e w it h other y e a r s , w e
b e lo w t h e to ta ls a t le a d in g porta f o r six season s.
Receipt* at-*
1893.
1891.
1890.
Gatves*n,4eo.
Hew Orleans
Wilm’ tonMeO
N o r fo lk .......
W. Point,«feo*
A ll oth e rs...
05,4431 4S,93 Z
84,3231 86,129
0,239
14,693
41,354; 21,014
7,443
17,403.
0,059
11,550
21,269!
6,483
24,124
7,136
17,134* 18.964
40,351
90,902
1*1,733
39,601
20,184
8.688
30,057
14,149
21,413
41,116
89,843
11.664
30,102
16,699
4,761
26,727
16,636
20,779
Tot. this wk.
300,392) 211,399
277,994
M o b ile . . . . . .
Savannah...
Char'
( 1892.
1888.
1889.
39 447
93,739
10,406
36 571
11,167
5,909
17,646
15,523
21,848
30,075
85.201
10,702
35,154
15,287
8,722
23,429
19,283
21,060
266,327) 252,256
254,913
on. flood Ordinary................e. 1% off.
on.
Even.
on. Good Middling T in g ed ...
on. Strict Middling Stained.. 7tg oft.
- a!8 on. Middling Stained.............. 7i,, off.
-■ » « off. Strict Low Mid. Stained.. 29?2 oft.
Low M iddling____........... 7i« off. Low Middling Stained— 1% oft.
Strict Good Ordinary.. - 1310 ott
F air.................................. c.
c. XU
1U
7a
On this basis the prices for a few of the grades would be as
follows:
Good M id d lin g ...........................
Middling F a ir.................
M eporfi
from—
Qnlvm ton —
Exported to —
Mxp&rtcd to—
Great
Conti Total Qread
Brit'n. fram e nent. Week, Britain. France
51,616
V elasco, Y e - .,
Tr.m z
6,929 63, m
1,6cm J.600
35,018 23,319 86,079
•M37
M obile St P ea -
w m
1,703
Brans w ick.......
8,00*2
Charles*cm * ..,
WOmlfJRtttQ, . 10,044
8,?0i
W «?*fc Point*..
M*p't News, Sac ... ...
12,609
N «w Y o r k __
3,032
B altim ore.. ...
Phils*lelp'a.Yc
8,200
......
urn
18,412
3.032
5 1 1,500
1,183
318,508 133,138
13,224
78,020 28,890
2,800
17,087
101,563 11,175
60.015 .. ••
350
70.378
34,243
3,5»7 ......
7.632
107,896
01,305
3.832
24.541
7.003
10,452 58,281 [238.219 1,288 970; 304,338
m,mt nMm
» 1535315* Port Rasps.
T ota l. t M t .....
18302
10,044
13.'81
8.701
5,533
U «3
T o t a l............. U>3,f8l
12.161 32,893
320,7*2 62,703
e t s 'l lt i
Conti
nent.
61,230
i9,r.M
163,097
205,931
0,330
72.160
65,061
88,807
2,437
58,805
1,855
Total.
131.7X1
18,755
681,309
13,221
310,314
25,997
185,204
105,970
70,728
84.243
3,687
261,135
03.742
85,178
8,MS
733, l83|2,306,551
688.31.$.080,021
6 n t „ 6 u ie
73s
7%
16 7 i* u
8%
8U1B 8l*i A
6 u ie
730
7 l3ie
8*8
811,6
T il.
F r i.
6131S 6%
7*0
7»ie
7>6„ 8
8»*
8’ a
6%
7^6
8
85, e
8va
F r i,
S a t.
M on T ues W ed
XU.
615,e
7=8
81,6
8%
815,«
7%
713,f
8 ’4
Middling Fair.......... ..................
61He
7%
sh e
8%
816,.
STAINED.
S a t.
VI Oil T u e s W e d
GULF.
Since S ept-1 3605,145 3103,8951,339,33>(3964,426 3369,671 3389,928
The export# tor the week ending this evening reach a total
of 288,219 bales, of which 153,436 were to Great Britain, 46,452
to France and 58,281 to the rest of the Continent. Below are
the exports for the week and since September 1, 1893. _
_
M on T ues W ed
S a t,
UPLANDS.
Middling
..................................
M iddling___.................................
Btricfc M iddlSag..... ...............
Good Middli ng T inged. . . . . . . . .
615X I h s
7%
7^3
8H « 81,6
8ia
8%
816,6 9 l 16
67is
2I16
73g
7%
7 i% a 7^32
713,-1 7l3i«
7*8
9%
%e
878ha
H
918
T il.
F r i."
6%
79,6
7^22
8
6%
67ia
7%
7*3
71933 72332
713ia 715ja
7 2“sa
8
MARKET AND SALES.
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
SALES OF SPOT AND CONTRACT.
SPOT MARKET
CLOSED.
Sat’d a y .
Monday
Tuesday
Wed'day
Thur'd’y
Dltll................... ...
Q u ie t..................
S tea d y ............ —
Steady at adv,
Firm at 1,6 adv.
Export.
::::
Friday.. Dull.......................
Total, ............. ...............
....
Gon- Spec- Con
*ump . ut'Vn tract.
160
101
143
319
87
219
1.029
Total.
Sales o f
Future*e
175.400
213 ,5 0 0
247 ,3 0 0
191 .4 0 0
206,100178 ,8 0 0
—
3,300
1,600
900
500
1,000
160
3,401
1,743
1,219
587
1,219*
....
7,300
8.329 1,212,500
i
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Movement lo December 15, 1893.
Receipts.
Shipm'ts Stock
This
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week. Scpt.l* 93, week. Dec. 15.
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t- t- (MO ft a
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P
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OOONQOTI*
OOO ft CO■<*
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oo
ft O O O O O O O O O O O O O < OOOOwon-#
t>©O©ftC0*<*
§= >® O cco O ^ O C^O © O O t
xcoco (NC0 t*To m ©*m •'^coco < ft O '© 'eooTo o
CD(NC* CO05 O rJt
<
m o
t> o
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- g .fl-S
+3 fl
fl-2* g d
, <0 V
13
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■t | «
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« •^
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14
© 2 4J 07
^ - 2 - f lS
** Pt.^pS
N 3 °
P a co'O
H - 3 - S .2 * i
fl
O *ft ^3
P c
Cu
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■
fl x P- Q
g“* 2
a fl
£ 6*1
~,L n
S
— fl
HH aJ rfl tfi
a t> 'g fl M
W t* g 2.H
h <
d u &■ r
1,329
5 ,70 s
2.781
2,24 3
2,697
750
3,500
9,122
7,621
3.037
2,757
3,771
253
4,325
1,523
1,8 u0
1.834
2,813
3,559
1,990
40,046
1,000
1,808
10,954
788
397
31,792
1,993
1,009
1.065
52.438
Eufaula,
A labam a...
Montgomery,
“
Selma,
A rkansas. .
Helena,
Little Kook,
Albany,
G e o r g ia . . . .
Athens,t
«
Augusta,
»
<
Columbus,
**
«*
Romo,
Louisville,* K e n t u c k y .
Shreveport, L o u is ia n a ..
M ississip p i .
Columbus,
Greenville,!
«<
il
Natchez,
**
Vlckshurg,
Yazoo City,i
St. Louis,
M is s o u r i . . .
N. Ca r o l in a
Charlotte,
**
Raleigh,
Cincinnati, O h io .............
S. Ca r o l in a
Columbia,
Newberry,
Memphis,
T ennessee .
«<
Nashville,
Breuham,
T e x a s .........
“
Dallas,
Houston,
“
<q fn © fl —i
O**O
««O
— [5 O
-1
16,205
104,113
5 7 ,9 8 4
25,743
47,451
29,645
46,3 2 0
96,850
143,906
50,926
51,534
49,741
2,588
53,3 9 9
19.687
24,065
23,1 7 6
24,956
35,8 3 2
31,983
305,777
12,386
18,978
9 9 , 175
15.937
9,213
319,437
19,950
37,731
28,586
731,758
^ 05 © 4->
Movement to December 16 1892.
Receipts.
Shipm'ts Slock
This
Since
This
week. Sept. 1,»92. weeJc. Dec. 16.
674
4,549
1,546
1,790
1,092
807
1,400
3,765
5,989
2,488
1,992
2,878
233
3,033
1,010
1,627
987
2 ,127
3 ,182
600
30,823
923
893
12,975
1,197
900
22,072
1,776
868
516
40,238
1,047
5,358
5,496
2 2 ,6 3 4
2,611
12,876
2,733
6,192
3,775
10,801
909
6,926
3,569
11,200
6,542
11,893
43,084
4 ,830
3,331
10,822
1,920
8 ,864
4,292
7 ,993
163
744
16,712
2,869
1 ,-9 6
3,412
2,000
5,100
12,375
1,516
1,583
8,666
15,600
1,646
15,419
1,799
51.389
35,157
1,000
300
1,818
2,190
10,472
5,990
788
277
509
15,810 134.734
6,214
1,673
1,205
4,008
1,729
973
36,191
54,908
Total, 31 tow ns........... 2 0 6 ,7 1 3 12,535,632 1 7 9 ,1 6 7 4,68,966
17,143
88.405
47,1 7 4
2 2,937
18,211
26,937
31,461
85,572
134,292
49,754
48,027
44,549
4,182
43,633
15,498
20,676
16,551
24,267
35,444
19,036
209,935
14,784
16,838
98,136
20,622
9,822
2 4 3 ,6 8 4
23,551
39.373
28,742
822.132
660
4,880
1,756
727
497
61
600
5 ,264
2,942
1,185
86
2,322
141
2,373
1,163
1,223
683
823
3,892
1,100
21,357
1,284
148
13.682
1,197
701
16,626
1,547
90
1,375
43,875
1 5 1 9 5 5 2 ,3 2 1 ,7 6 6 1 3 2 .2 6 0
4,428
19,869
8,586
10,419
9,706
5,554
11,535
9,998
44,563
15,812
6,828
7,125
2,982
14,939
5,600
5,21b
5,152
11,472
17,354
1,562
64.207
400
2,350
10,882
fl
d
co
2 1- ” o a
X) CJ ^ e
g
--S j
§ g ja
• g .» S “ »
I ? S 2 S
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35
■*J S
u
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ffi fl m § o ’
31
« 5 T*.
4J „® H
T" © _ « ^
rt 13 O H
L ' l *2
^ ^ © -P o e i
fe®
583
110.016
5,985
2,340
1,763
37,921 © a c<
455,149
h
ft
>>
o
ft
CI3
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rfi
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a k
« o
Market, Saks and
Prices o f
FU TU R ES
Market,
j Remge and
Total Sales.
December, i January.
| February.
March.
P R IC E S
|
AXD
April.
SALES
May.
OF FU TU R ES
June.
FOR
|
EACH
July.
|
MONTH.
August.
| September. |
■A v e r .
October,
Aver ..-
i November.
Monday, Dec. 11
Sales, to ta l..... .........
Prices paid (range)
Closing......................
Variable. A ver . . 7*56 Aver .. 7*56 Aver . . 7*64 A v e r .. 7-72 A v e r .. 7-80 A ver .. 7-88 A v e r .. 7-96 A v e r .. 8-01 Aver . . 8-03 Aver . . 2 ,1 0 0
900
700
29,8 0 0
96,000
13,200
1.300
25,1 0 0
4 5,400
213 ,5 0 0
7-51 a 8 09 7 -5 4 9 7-59 7 -5 1 0 7 61 7 *3 0 3 7-69 7 *6 7 0 7-77 7*75 3 7-85 7-83 0 7-93 7 -9 1 0 8 00 7*99 0 8*03 8-02 9 8-09
8*07 8 11 - 8*13
7 - 9 0 - 7-91 7 9 8 - 7-99 8*05
7*82- —
7-54
7-55 7-57
7-58 7 * 6 6 - 7-67 7 * 7 4 - —
Steady.
Aver . . -
Tuesday, Deo. 12
Sales, total.
Prices paid (range)
Closing......................
Aver . . Aver . 7 59 Aver
7-62 Aver . . 7-70 AV«r . . 7'78 Aver . . 7*36 A ver ... 7-95 A v e r .. 8-03 A v e r . . -------- Aver . . —
Higher.
3,100
23,4 0 0
15,7 0 0
1 26,500
27.700
1,600
49,300
247,300
— -a —
7-5681 8-07 7*57 0 7-65 7-56® 7 68 7-64 9 7-76 7 -72® 7-84 7-80 1 7-92 7-89 9 8-00 7 *9 8 0 8-07 — ft —
7 - 9 2 - 7-93 8 '0 0 — 8-01 8 - 0 7 - 8-08 8 T 4 - 8*16
7 * 5 7 - 7*58 7 - 5 9 - 7-60 7 - 6 8 - 7-69 7 - 7 6 - 7-77 7 - 8 5 - —
Steady.
A ver . . -
Wednesday, D e c .l3 Sales, total...............
Prices paid (range)
Closing......................
7-95 A v e r .. 8 -03 A v e r .. 8-10 A v e r .. 8-15 A v e r .. 8-21 A v e r .
7*86 Ave*
Aver .. 7-68 Aver .. 7*70 A v e r .. 7-78 Aver
Firm.
100
3 ,200
200
30,300
15 600
9 4 200
3,200
16,000
2 8 ,6 0 0
191.400
8 -2 1 3 999
8-08
8-06
0 8-14 8*15t> —
7 6 4 0 8-21 7 *6 4 3 7-74 7 -6 6 0 7-76 7-74 9 7-83 7-82 r 7*93 7-90 9 8-00 78 - 2 1 - 8-23 8-27
8-29
0 78- 1 5 - —
7*91 7 - 9 9 - 8-00 87 * 7 2 - 7*73 7 - 7 4 - 7-75 7-82 - 7-83 7*60
Higher.
Thursday, Deo, 14
Sales, total...............
Prices paid (range)
Closing......................
A v e r .. 7-70 A v e r .. 7-75 Aver -. 7*83 Aver .. 7*91 A v e r .. 7-99 A v e r .. 8-07 Aver . 8-17 Aver . 8-24 Aver .. S-28 A v e r .
Easier.
3 ,500
400
1,100
18,6 0 0
21,700
108,800
13,900
4 ,000 I
34,1 0 0
206,100
8 o 8-20 8-17® 8-26 8-26 a 8-30
92 3 8-05 8-00 89‘ 08-13
7 -6 5 3 8 30 7-65 9 7"76 7 -6 7 9 7-80 7*75 0 7-87 7-83 9 7-97 77 - 8-18 8 - 2 4 - 8-25 8-30 - 8-31
0 1 - 8-02 8 -0 98- - 18-10
7*72
7 73 7-75 - 7-76 7*83 - 7*84 7 - 9 2 - 7-94 8 Higher.
gales since 8 e p .l.’93* 15.277 900
229.000
7-67
111,700
7-75
1.8 5 1 .8 0 0
6 .7 9 1 .5 0 0
1 ,1 1 3 .8 0 0
3 .4 0 9 ,8 0 0
©®M ©
^ s. t, O u
tn ^ o - s
■" a x s §
tin a «u->2
A v e r .. 7-74 A v e r .. 7-73 A v e r .. 7-82 Aver . 7 ’90!A ver .. 7 '9 8 A v e i* .. 8 ’06 A v e r .. 8*14 A v e r .. 8 ’21 A v e r .. 8-32 A v e r . . -----Higher.
Friday, Dec. 1 5 2,900
400
700
15,300
9 1 ,8 0 0 |
12,900 I
24,200
500 i
30,1 0 0
178,800
Sales, total...............
3 8-32
Prices paid (range) 7 "6 6 3 8 ‘32 7 0 6 * 7-80 7 -6 6 9 7 ’82 7 -7 4 s 7-91 7 * 8 2 * 8-00 7 -S 1 9 8-06 7 -9 9 3 8-15 8*08 * 8-23 8*16® 8'23 8-30 a
8-23
8
0
7
8-09
8
1
4
8-16
8
-2
1
7-75
7-75
7
8
2
7-83,
7
'9
1
7-92
7
9
9
8-00
Lower.
7
6
5
7-66
7
6
7
—
Closing......................-I
15,9 0 0
7-65
©©
ft ft!
BB
®©
•A v e r . . --------
A v e r .. 7-63 A v e r .. 7-64 A v e r .. 7-72 A v e r .. 7*80 A v e r .. 7'87 Aver . . 7 95 A v e r .. 8-03 A v e r . . --------Higher.
1,900
15,000
7 ,8 0 0
90,200
13.700
5 .300
41,5 0 0
175.400
— n 7*53 o 8-08 7 *5 8 3 7-69 7 *5 9 3 7*70 7 *6 7 3 7-77 7*74® 7*86] 7*83 0 7*94 7-90 9 8-01 7 -99® 8 08
7
9
8
- 7-99 8 - 0 4 - S-06
7
91
7'92
7
*
8
3
7-84
7
*
7
5
7-76
7 * 6 6 - 7*69
7 - 5 8 - 7-59 7*60
Lower.
1 .212,500
EH fa o ^ $ fl
.2 s; o p o
na fc 4J ki**H
© CO *
D A IL Y
Saturday, Dec. 9
Sales, to ta l...............
Prices paid (range)
Closing......................
Total sales this week.
Average price, week.
o©> ©io a ^
pa i> g ^ ® c
(« *
00 © © “ W E h ’g..S
© © (-<
© a a "d ^ © fl CC d
a
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83 800
7-91
1 4 4 ,4 0 0
7-99
16,700
8*07
2 ,200
8*15
2 ,300
8-21
39 7 ,9 0 0
622,000
93,100
7 ,700
2 ,9 0 0
—
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THE CHRONICLE,
December 16. 185*3.}
1047
W eather R eports by T elegraph .—Our telegraphic ad
yjjOTATIOSS FOR MIDDLING COTTON AT OTHER M ARKETS.—
Below- we give closing quotations of middling cotton at South vices rom the Siuth this evening are 'generally of a very
ern and other principal cotton markets for each day of the week. favorable character. The temperature has been higher as a,
Week ending
Dec. 15 .
G alveston...
New OtleaaM
M obile.
..
S avan nah..
C kariestou..
W ilm inston.
N orfolk........
Boston
Baltimore
Philadelphia
Auvu.-Sa.. ..
M e c a p to -.,8 c . L ou is___
H ouston „„
C incinn ati..
Louisville, ..
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—•
Salur.
Wedncs.
Tues,
Mon.
7%
7q
7 ' ,8
7k
" “ !«
7
7*13
7k
7k
Nominal.
7%
75,8
713t*
P 'u
7-k
7k
■3k
8k
7*3
71v C
7%
7%
7*18
7%
7k
7<*18
7*8
7-%
7V
Thurs.
7k
7k
7k
7k
7k
7k
7k
7 1;h s
7k
8k
73,8
7k
7%
7k
7%
7k
73,6
7k
7
7k
7k
7k
8k
7k
7k
7k
7k
79,«
7k
Fri.
7*16
7ke
7*18
7k 8
7k
7k
7»,8
7k
7*18
7 ', a
7k
7k
7%
8
7%
87,8
7k
7%
7Ti*
79,8
78; 8
§ 4
7%
Sk
7k
7he
7k
7®io
7*l«
78,8
7k
'* 1 6
The closing quotations to-day (Friday) at other imporlaat
Southern markets were as follows.
7
6k
7k
V'a
Atlanta
|N ew berry.........
7 k ji Little K eek— - 7
Columbus, <J».
f Montgomery....
7 |
7 k I R a le ig h . . . . ___
Columbus, Miss
7 j N&ahville. . . . . .
7 k s Selma................
E nfaula..........
7 k 1N atchez.........
7*! 6 |Shreveport.......
R e c e i p t s f r o m t h e P l a n t a t io n s . — f he following
table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
Consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
Week
E n d in g -
Receipts u i the Forte. St’k at Interior Town*,fRec’pta from Flin t'n x .
1881.: I 189*. | 1803.
1881. 1 181*2. : M M .
j
M SI, I U.S2. | 1808.
5
iZ Z .lW 880,01 ;34S ,m j.1»5,3l 01370,608(317J 39
N o*. 10...
I <56,1)21 32«,0S 1 888.676 369,457'262,S38 3*5.086
** 1 7 ,.... 33ft.7Ultt9.306
** 2 4 ..... .>13.2:5 S H .7 £* SM .00 Sel.407 8*8,3-60 *a9t6 8 9 p l7 ,8 0 ip 7 4 /3 l ’ SU.ulO
B e® , I . * . , . 2S»3,i01,2i8.SSS SSrtJ.eai 521,419 3Q6.627! 42 2, *60,31 8,C8* 296,122 309,708
**
M4A
10 1%l 1,103 664,754 *32.454 ;4 4 l,7 t 0 328,859 291.737 830,357
* I S . .- .. 2 7 7 .9 8 li8 n .3 v 9 20*>.?9"2 607.403' 465.149*468'J 6 8 ‘380.e93j234.C94 327,63$
The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1 in 1893 are 3.997,945 bales: in
1892 were 3,585,400 bales; in 1891 were 4,390,863 bales.
2,—That although the receipts at the outports the past week
were 809,393 bales, the actual movement from plantation- was
327.639 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantation -t
for the week were 231,094 bales and for 1891 they wei e
330,693 bales.
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d s in c e S e p t . 1.—
We give below a statement showing the overland movement
for the week and since September 1, As the returns 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 Dec, 15
and since Sept, 1 in the last two years are as follows:
1893.
December 15.
Week.
Shipped—
Via St. L ouis,.*—. . . . . . . . . . . . . . .
V ia C a ir o ...... . . . . ....... .
Via H a n n ib a l..... . . . . . . . . . . . . . .
Since
Sept. 1.
1893.
Week.
Since
Sept, i
35,157
15.353
2.398
205
5,115
5,717
5,690
273,440
120,372
8.599
5,387
49,819
52,477
64,872
21,357
10 ,891
9,399
2,056
8,135
7,322
10,143
192,130
100,500
103,317
7,590
71,123
49,900
70,282
Total gross overland. . . . . . . . . .
Deduct, shipment*-—
Overland to- N. Y,, B oston, <fc©..
B etw een interior t o w n s . . . . . . . . .
Inland, <fec„from South . . . . . . . .
69,635
564,916
69,306
603.872
13,872
1,702
5,590
97.916
15,558
46,459
12,623
2,210
2,375
94,29-4
12,468
31,869
T otal to be d e d u cte d ... . . . . . . .
21,164
159,933
17,214
138.629
L eavin gtotal nutoverutnrt'.. 48.47 L 405,013
•tnotodtnif m ovem ent by rail to Canada.
52,092
465,243
Via m.ber routes,
......
The foregoing shows that the week’s net overland movement
this year has been 18,171 bales, against 53.092 bales for the
week in 1892, and that for the season to date the aggregate net
overland exhibit.-1 a decrease from a year ago of 00,230 bales.
1893.
In Sight and Spinners*
Takings.
Week.
Ninas
Sept. 1.
1892.
Week.
Since.
Sept. 1
Receipts at ports Bo Dec- 1 5 ...... 300,302 3,605,145 211,399 3,208,885
48.471 405,013 52,092 465,243
‘i ■■
■
South era consum ption to Bee# 15 20,000 201,000 19,000 239,000
Total m arketed. . . . . . . . . . . . . . . 369,863 4,271,158 282,491 3,913,128
Later!or stocks in e x c e s s . . . . . . . . . 37,24 ti 392,800 22,605 320,515
............ 305,186
Came into sl&fct during w eek. 396,109
4,663,958, ........ 4,239,643
T otal in sight Deo. 1 5 . , . . . , . . .
North "ft spinners t-ak’gs to Dcc.l5i'
........ 1 725.4.891
......
854,348
It will be -teen by the above that there has come into sight
during the week 306.109 bales, against 805,180 bales for the
same week of 1832, and that the increase in amount in sight
to-night aa compared with last year is 434,315 bales.
rule, and dry weather has prevaile i at most points. The
marketing of the crop has consequently made excellent
progress,
Galveston, Texas.—We have had dry weather all the week..
Average thermometer 63, bighe-t 74 and lowest 51.
Palestine, Texas.—There has been no rain during the week.
The thermometer has averaged 59, the highest being 80 and
the lowest 38.
Huntsville. Texas.—We have had no rain during the week.
The thermometer has averaged 53, ranging from 31 to 75.
Dallas, Texas.—Picking has not only been completed earlier
than ever known before, but it has been the cleanest and most
complete. Ginning is also nearly finished. Despite the short
crop farmers are in unusually comfortable circumstances, the
high prices realized for cotton seed having contributed much
thereto. Considerable wheat is up and looks so well thatmore is now being planted late as it is. The corn crop suffices
for home wants but there is none to spare for sale. There has
been no rain during the week. The thermometer has ranged
from 30 to 76, averaging 53.
San Antonio, Texa&t— We have had no rain all the week.
Average thermometer 61, highest 78 and lowest 44.
I/iding. Texas.—There has been no rain during the week.
The thermometer has averaged 58, the highest being 80 and
the lowest 36.
Columbia, Texas.—Dry weather has prevailed all the week.
The thermometer has averaged 60, ranging from 37 to 82,
Cuero, Texas.—There has been no rain all the week. The
thermometer has ranged from 40 to 80, averaging 60.
Brenham, Texas.—Dry weather has prevailed all the week.
Average thermometer 66, highest 76, lowest 36.
Belton. Texas.—The weather has been dry all the week. The
thermometer has averaged 50, the highest being 78 and the
lowest 33.
Fort Wurth, T exas. —There has been no rain during the
week. The thermometer has averaged 53, ranging from 30
to 76.
W ea th erford , Texas. — The weather has been dry all the
week. The thermometer has ranged from 30 to 77, averag
ing 64.
New Orleans. L ou isia n a . —We have had rain on one day
of the week, to the extent of.one inch and eight hundredths.
Averege thermometer 61.
ShrevefXtrt, L ou isia n a .— We have had rain on one day of
the week, the rainfall reaching one hundredth of an inch..
The thi-rm meter has averaged 57, the highest being 79 and
the lowest 33.
Columbus, M ississippi .—Rain has fallen on one day of the
week, to the extent of six hundredths of an inch. The ther
mometer has ranged from 34 to 84, averaging 56.
Leland, Mississippri.—Rain has fallen during the week, to
the extent of seven hundredths of an inch. Average ther
mometer 58, highest 83, lowest 26.
Meridian, Mississippi.—Planters here have sold most o£
their cotton. Fully 80 per cent has been marketed In this
section. Weather plessant.
Helena. Arkansas.—The weather is now mild, with indica
tions of rain. It has rained lightly on two days of the week,
the rainfall reaching twenty-one hundredths of an inch. The
thermometer has ranged from 34 to 68, averaging 50,
Little. R ock. A rk an sas. —It has rained on one day of the
week, the precipitation reaching thirteen hundredths of an
inch. The thermometer has averaged 49, ranging from 34
to 68.
Memphis, 'Tennessee.—There has been rain on two days of
the week, to the extent of forty-five hundredths of an inch,
and the weather now looks threatening. Average thermom
eter 48. highest 67'7, lowest 80'9.
Mobile. Alabama.—It has rained on four days during the
week to the extent of eight hundredths of an inch. The
thermometer has averaged 59, ranging from 37 to 72.
Montgomery, Alabama—There has been but a trace of rain
during the week. The thermometer has ranged from 45 to
64, averaging 54.
Selma, Alabama.—There has been light rain on one day of
the week, the precipitation reaching twelve hundredths of
an inch. Average thermometer 51, highest 72 and lowest 32.
Madison. Florida.—Telegram not received.
Columbus, Georgia.—Dry weather has prevailed all the
week. The thermometer has averaged 52, ranging from 38
to 62.
Savannah, Georgia.—There has been a trace of rain on one
day of the week. The thermometer has ranged from 40 to 74,
averaging 56.
A ugusta., Georgia.—There has been no rain during the week..
Av-iage thermometer 50, highest 70 and lowest 83.
Charleston, South Carolina.—No raiu all the week. Thethermometer has averaged 55, the highest being 71 and the
lowe-t. 40.
Stateburg, South Carolina.— We have had light rain on one
day during the week, the rainfall reaching three hundredths
ol an inch. The thermometer has averaged 50, ranging from
33 to 68.
Wilson, North C arolin a. —It has rained on one day of the
week, the rainfall reaching fifteen hundredths of an inch,
The tbex-inometer has ranged from 26 to 62, averaging 44.
THE CHRONICLE.
1048
[VOL. LVII.
The following statement we have also received by telegraph,
Sea I sland Cotton Movement.—We have received this
showing the height of the rivers at the points named at (Friday) evening by telegraph from the various ports the
3 o’clock December 14, 1893, and December 15, 1893.
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (Dec. 15) and since
Dec. 14, ’ 93. Dec. 15, ’92.
Sept. 1, 1893, the stocks to-night, and the same items for the
Feet.
Feet.
corresponding periods of 1893, are as follows.
3-1
7 '6
4*2
0*8
3-5
New O rleans. . .
M em p his.............
NashVille............. ___ Above low-water m ark.
Shreveport........
Vicksburg.......... ___ Above low-water mark.
3-7
7-2
9-7
15-8
9 4
1 8 93.
Receipts to Dec. 15.
I ndia Cotton Movement from all Poets.—The receipts
and shipments of cotton at Bombay have been as follows foi
the week and year, bringing the figures down to Dec. 14.
BOM BAY RECEIPTS AND SHIPMENTS FO B FO UB YE A R S.
Shipments since Sept. 1.
Shipments this week.
Great
Jear Great OontiBriVn. ne7it. Total. Britain
1893
1892
1891
1890
i'o'oo
19,000 19,000
4 .000 4 .000
1.000 2.000
3 ,000 3,000
7 .000
5.000
4.000
5 .000
Receipt}.
Conti
nent.
Total.
This
Week.
94.0 0 0
71.000
43.0 0 0
32.0 0 0
101 ,0 0 0
76.0 0 0
47.000
37.0 0 0
3 2 .0 0 0
31.000
11.000
41,0 0 0
Since
Sept. 1.
176.000
134.000
109.000
184.000
According to the foregoing Bombay appears to show
an increase compared with last year in the week’s receipts o!
1,000 bales and an increase in shipments of 15,000 bales, and
the shipments since Sept. 1 show an increase of 25,000 bales
The movement at Calcutta, Madras, and other India ports fo:
the last reported week and since the 1st of September, for two
years, has been as follows. “ Other ports” cover Ceylon.
Tuticorin. Kurrachee and Coconada.
Shipments since Sept. 1,
Shipments fo r the week.
Conti
nent.
Great
Britain.
Oalontta—
1 8 9 3 ..
1 8 9 2 ..........
Madras—
1893
1 8 9 2 ..........
A ll others—
1 8 9 3 ..........
1 8 9 2 ..........
Total a l l 1 8 9 3 ..........
1 8 9 2 .........
Great
Britain.
Continent.
1,000
2 ,0 0 0
2 ,000
3.000
5 .000
5.000
7.000
1 ,000
13.0 0 0
12.0 0 0
8 .000
6 ,000
21.000
18,000
Total.
1 ,000
1 ,000
Total.
2 ,000
1,000
2 ,0 0 0
2 ,0 0 0
3 ,000
18,0 0 0
14,0 0 0
21,0 0 0
21,0 0 0
39.000
35.000
2 ,000
2.000
3 .000
2 ,0 0 0
5 ,0 0 0
33.000
28.0 0 0
3 2 .0 0 0
32.0 0 0
65,0 0 0
6 0 000
The above totals for the week show that the movement from
the ports other than Bombay is 3,000 bales less than the same
week last year. For the whole of India, therefore, the total
Shipments since September 1, 1893, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM A L L IN D IA .
1892.
1893.
1891.
Shipmentt
So a ll Europe
fro m —
This
week.
Bom bay............
Allotherports.
19,000
2,000
101 ,0 0 0
65,0 0 0
4 .0 0 0
5 .000
7 6 .0 0 0
60.000
2 ,0 0 0
7 ,0 0 0
4 7 .0 0 0
60.0 0 0
T o t a l ..___
21,0 0 0
166 ,0 0 0
5,000
136 ,0 0 0
9 ,0 0 0
107 ,0 0 0
This
week.
Since
Sept. 1.
Since
Sept. 1.
Th.it
week.
Since
Sept. 1.
A lexandria Receipts and Shipments.—Through arrange
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt, The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria, Eaupt,
December 13
1891
1892.
1893.
Seoelpts (ca n tars*)....
This w e e k ....
S1no« S^nt. 1 .
240 ,0 0 0
2 ,1 5 6 ,0 0 0
This
Since
week. Sept. 1.
300 ,0 0 0
3 .4 2 6 .0 0 0
1
22 0 ,0 0 0
2 ,8 5 9 .0 0 0
Since
This
week. Sept. 1.
1892.
Stock.
This
Since
This
Since
week. Sept. 1. ioeek. Sept. 1. 1893.
1892.
Savannah ............................
Charleston...........................
Florida, A c ..........................
2,969
13
432
39,247
1,799
1,855
2,037
561
393
23,845 13,666
4,687 1,467
2 ,164
756
Total................................
3,413
42,901
2,991
30,696 15,889 11.6 4 7
9 ,974
1 ,233
440
The exports for the week ending this evening reach a total
of 2,779 bales, of which 2,511 bales were to Great Britain, 263
to France and — to Reval, and tbe amount forwarded to
Northern mills has been 1,389 bales. Below are the exports for
the week and since September 1 in 1893 and 1892.
Week Ending Dec. 15.
Exports
from—
Since Sent. 1, 1893.
North'n Mills.
Great France
Great Fr'ncc
Total. BriVn.
Total.
BriVn.
dc.
t£c.
Savannah...
Charleston..
F lorida........
New Y ork ..
B oston .........
B altim ore..
2,511
253
..........
..........
T o ta l.........
2,511
268
Total 1 8 9 2 ..
637
55
2,764 13,915
___
166
15
15
_____
..........
1,520 15,435]
166
2,706
329
..........
1,262
..........
692
7,950
864
937
20
432
6 ,755
430
1 ,6 7 0
1,389
8 ,855
3,968
329
.........
2,782 19,898
2,779 17,116
, 1 Since
Week- Sept. 1.
8,814
..........
526 12,146
We include each week only such cotton as is actually
exported. In other words, a large portion of tbe Sea Island
cotton shipped to foreign ports goes via New York, and some
small amounts via Boston and Baltimore. Instead of giving
such cotton in the exports for the week in which it leaves the
Southern outports, we follow the same plan as in our regular
table of exports of including it when actually shipped. The
details of the shipments of Sea Island cotton for the week will
be found under the head “ Shipping News,” on a subsequent
page.
Quotations—Dec. 15—Savannah, Floridas, common, 13}£c.;
medium fine, 16)^; choice, 13J£.
Charleston, Carolinas, medium fine, 17 to 22c.; fine, 30c.;
extra fine, 40c. upward.
Jute Butts, B agging, &c.—There has been but a limited
demand for bagging the past week, yet prices have held quite
steady as a rule, the close to-night beiug at 5J^c. for 1% ibs.,
5%c. for 2 lbs. and 6J^e. for standard grades in a jobbing way.
Car-load lots of standard brands continue as last quoted, viz.:
4%c. for \% lbs.. 4%c. for 2 lbs. and 5J^c. for 2J^ lbs., f. o. b.
at New York. Jute butts have been very quiet at
for paper grades and 2J^'a2J^c. for bagging quality.
European Cotton Consumption for December 1.—We
have received to-day (Friday), by cable, Mr. Ellison’s figures
for November and since October 1. We have also received
the revised totals for last year and give them for comparison.
The spinners’ takings in actual bales and pounds have been
as follows:
Great Britain.
Oct. 1 to Dec. 1.
For 1893.
Takings by spinners.. .bales
Average weight ol bales.lbs
For 1892.
Takings by spinners., .bales
Average weight of balea.lbs.
Takings in pounds...................
Continent.
Total.
531,000
4S4
25 7 ,0 0 4 ,0 0 0
566,000
476
2 6 9 ,4 1 6 ,0 0 0
1,0 9 7 ,0 0 0
4799
5 2 6 ,4 2 0 ,0 0 0
538 ,0 0 0
491
2 64,148.000
5 39,000
474
2 5 5 .6 28.000
1 ,0 7 7 ,0 0 0
482-6
5 1 9 ,7 7 6 ,0 0 0
This
Since
week. Sept. 1.
According to the above, the average weight of the deliveries
in Great Britain is 481 pounds per bale this season, against
Exports (bales)—
491 pounds during the same time last season. The Continental
8,000 181,000^ 2 0 ,0 0 0 181.000
1% 000 116 ,0 0 0
To L iverpool.........
9,000 99,000: 3 ,000 55 000 deliveries average 476 pounds against 474 pounds last year,
To Continent.............. 13,000 8 >,000
and for the whole of E uroD e the deliveries average 479'9
T otal E n ro p e ......... 2 8 ,0 0 0 205 .0 0 0 17,0 0 0 283 .0 0 0 23,0 0 0 236 .0 0 0
pounds per bale against 482-6 pounds last season. Our
* A cantar is 98 pounds.
dispatch also gives tbe full movement for this year and last
This statement shows that the receipts for the week ending year in bales of 41*0 pounds.
Dec. 13 were 240,000 cantars and the shipments to all Euroj e
1893.
1892.
28,000 bales.
Oct. 1 to Dec. 1.
Bales o f 400 lbs. eacht
Manchester Market.—Our report received by cable to-night
Great
Conti Total,
Great
Conti
Total.
000s omitted.
from Manchester states that the market is steady for both
Britain. nent.
Britain. nent.
yarns and sheetings. The demand for both yarns and cloth
1 14,
326,
337,
451,
2 58,
68,
is improving. Labor troubles in Great Harwood are expected Spinners’ stock O c t l.
601,
308,
228,
536,
285,
soon to cause a stoppage of looms. We give the prices for Takings in O ctober... 316,
to-day below and leave those for previous weeks of this and
4 22,
5 43,
927,
384,
565,
987,
Total supply..........
last year for comparison:
676,
352,
672,
320,
3 56,
320,
Consmnp. Oct., 4 wks.
1892.
1893.
3 2 « Cop.
Tuyist.
N v.1 0
“ 17
“ 24
D ec. 1
“ 8
“ 15
8 H lbs.
Shinings.
s.
d. e. d.
7
0758 5 10ia ® 7
6 7g 0 7 % 5 9 7t>7
613160 7 % 5 8nj® 7
6 % 0 7 % 5 8 '3)7
6 U n ,© 7 % 5 T^H>7
6 9 ,« 0 7 % 5 7 ~w7
d.
d.
71$
7
7
7
7
6
CotVn
Mid. 3 2 s Cop.
Twist.
Uplds
d.
6 7s
7*4
73j
4 ’ 16 7 \
45,6 7 \
4 5 ,» 7H
d.
4*2
d.
tt>7\
VS**
SH lbs.
Shirtings.
t. d.
5
5
5
5
5
'©SB* 5
s. d.
3 0610
H 07 0
7% 07 2
7% 07 2
7% 07 3
8 0 7 3%
Oott’r.
Mid
Vpld
d.
41*18
4 1 » ib
5%
5%
5 318
5%
Spinners' stock Nov. 1
Takings in November.
64,
326,
1 87,
3 88,
251,
714,
102,
3 52,
213,
411,
315,
763,
Total supply..........
Consump. Nov., 4 wks.
390,
3 20,
575,
356,
965,
676,
454,
2 48,
6 24.
352,
1 ,078,
600,
Spinners’ stock Dec. 1
70.
219.
289,
2 06.
272,
478,
The comparison with last year is made more striking by
bringing together the above totals and adding the average
weekly consumption up to this time for the two years.
D ecember 16, 1893. J
Get. 1 to Dec. X.
Buies o f 4 0 0 (bt. each.
000* omitted.
THE CHRONICLE.
1 8 93.
Great
Britain
Total,
6S,
The rainfall averages are as follows.
1892
Conti
n en t
Great
Britain
Conti
nent.
Total.
642.
258,
673.
328,
1,315
114.
660.
337.
639,
451.
L.299,
Supply............................
Oonstanpt’n 8 weeks.
7 10,
640
931,
712.
1.641,
1,352
774
568,
976
704.
1,750,
1,272,
Spinners’ stock Dec. 1
70.
206
272
478
219
289
88,0 168,0
si9,0 1?iO
169.*
The foregoing snows last- the weekly ojuattJtptioa in
Europe is 189,0W bales of 400 pounds each, against 150,000
bales of like weights at the corresponding time last year,
The total stunners’ stocks in Great Britain and on the C jntmeat
have increased 38.000 bales during the month and are now
189.000 bales less than at the same date last year.
Cotton C r o p Estimates of Latham, A l e x and : r & C o . —
W e give to-day in R ports and Documents, at request of
Messrs. Latham, Alexander & Co., an interesting compilation
they have made respecting the cotton yi Id thii year. Of
course we do not by pu dishing the figures in any degree en
dorse them. Indeed they appear to be si nply averages of
estimates of a large number of correspondents, and are inter
esting on that account as an addition to the current cotton
literature.
N ew Orleans Cotton Exchange.—The new board of
directors of the New Orleans Cotton Exchange met on Wed
nesday, December 6, and re-elected Mr. Henry G. H ster,
Secretary and Superintendent, for the twenty-fourth time,
and appointed the following standing committees to serve
during the ensuing year: Supervision—A. Stewart, Chairm in,
N. Eustiss, Thos Hot ford, F. Couturie, J, Skinner. Finance—
A. Btitim, Chairman, 1. K. Glenny, C. Wernicke.
A verages of Temperature and Rainfall.—A s of inter
est la e i inaction with ou' m nt'ily weather record, w> hive
prapired t ie rubj fined trbl *s, win :h allow the S ate averages
of thermometer and rainfall in August, September, October
and November for six years, 1988 to 1893, inclusive.
September.
August.
Tvrm omtter
i
3
1
a
H. CARTA* A
i
75*4
90** rto*o|
5) ‘*0 m - v 7t*4
IHRt
ISMl (lull). W * 5^*« 76*y
50*8 747
1800 {fain..
m-tii 74'.
1*SS> ,*«<k4‘
isbb Uitoai 9)'4 5d*C 77*8
8, Ca b Tjn a
isks..........
9 i-f 63‘0 74*0
irnm umoui H ‘ 7 f i l l ' 70'5
w i iiom - m -i m -t
imua ifnli;.- WVl 6 0 0 74*8
7
tsm ir »>.i W'Q
64*0 80*4
U SH e
m -»
IS-;,__
92*2 m s
9J--v
(* « .« !)
G e« hoia
W » (*««!,)
74*0
79*,*-
ISMl f!UO WVD a 1-2 7 s*8
law (tail? m-4 a r e 77*9
Issw faisMl) 91*9 64*0
lo-a 14006
s#7'*ii m-x
79*8
r i.« R ii,* .
,
ISO'........
00*9 0^*3 80*7
70‘ S'.
lavy ig(m4 Wiv
t»!»i trot 1 . y-rf «0*:i S0 9i
v m tium,. W2> R«*0 su n
«5*W 70*1
V & i ‘iMO<S>
04*3 6»*7 » P S
l*m
0**3
Ah A HAMA.
1SV3......
1801 (toll).
lSWprfffl).
94-S 65*5 S0-"l
61 4 78*51
54*0 79*3
77*8
02*8
78*0
92.8
78*0
zz
0 5 « 63** 80*0
04*0 m -5 80*9
78*6
95-i 63*3 70-6
05*7 M l 80*7
M ‘% 68*7 80*0
54*0
v m duih
nn
98*7
9 7
V m ifulIL
&Sg&
&.:ig.ASKAA.
mm .. ...
i m ifttllL
18W2 {stood
tm j (falL.
169ft (K0O4
3m if till).
02-2
90*5
53*9
50*7
32*2
32-1
32-0
3 t-8
34*8
87*i
7*rg 2V7
77 0 232
80*0
*8*3
53*5
52*0
51*6
5T7
5M
at'uj
ftvas
* ;
* ;
84*0
84*i
8V2
87*1
84*
79*8
21*8
3 0 ? 64*3
35'0 04- - 80*81 2 YU
CO 79*4 3.i‘
M'
0
\
38*0
63*.
n
8&
30*7 02'81: 78*6 2 **0
44*. 8A*2j j ?8*i m-a
53*6
55*2
85*9
8J-;
87*3
87*0
07*01 73*0
(H-8 82-2
fl 1*7; 78*7
62*0i 7w*5
62*01 76'1
00*6 77*1
25*4
55*0
51*3
34*7
28*0
32*7
50*8
54*7
53*0
on *!
87 a,
Hr.,
84*2
8 63
87A
93*5
8**3
9 *2
91*0
01*0
89*5
4i 11
55 1
435
57*7
i
A |
74’8
72*3
7 t>
7 V0 73*4
72*4
63'4
7M*6
80*3
W «
01*3
04*7
65*5
«5*4
8 J*5
55*3
77*0
78* J
80*4
76*4
S rt
95*5
&»’>•
02*2
00 2
0-1'8
88*1
61*0
50*5
54*6
55*5
82*1
Ig
38*5
3 /*•
33*5
34 4
39*8
43*3
05*5
6 i'6
01*7
04* 1
04*.*
03*
74*0 67-0
,48*- 70 0
65*2
88*6
87-0 3«-'i 65 5
89*3 40*2 87 87*9 48*9 80 1
07*1
01*3
03*t
02*2
0**1
V i -8
57*4
55*rt
5^9
48*3
53*0
52-6
05*7 i
01*7!
9i*f
Or*
91*6
87*0 ,
52*3
50*5
50*8
51*4
51*3
40*2
74 5
72 6
75*5
7**0
74*o
69 8
89 l
80*8
90 0
88-0
85*5
82 0
34*0
31-1
82*9
34*(
30*2
40-4
72*6
71*7
74*0
70*4 !
70-1
80*0
i
70*4 f
69 4
70*5 :
71**d .
60*5
97*2
87*0
88*4
85*5
33*8
3R*’S
35*6
33*3
mo
i2*8
90*8 > 51 a
93*3 54‘4
y«*tt 48*8
91*0 46*7
89*0 48*8
mr
ms
m
50*5 82*3 1XT7
6 ■*] 8 1 !
w-**
02*1
58*0,81*4
85*5
m i
M-t 80-4 pm
84*a ?0*7 m-P
ma:
m-ij
85*0
45*5
47 1
ms
49*8
43*8
4O'0
«o*o
55* *
57*?
18*6
48*8
55**
era
79*7 94*4 41*3
78*1 j 90*^ 30*0
77*f i 87*( 48-5
75*(
m -« 43*
72*4 88*8
*t
79 7
0
40
41
to r
m woe*!* ■’ tern ’ and Mgood,” auovo m<3**u
drop for the vea + was full or Kood.
27*0
S3
59*8
54*5
56*6
II
78*8
62*6
01-7
6L*i
83*7
*fe
60*1 7W
61*2 82*3
HOo
T7'H
73*0
?4>
8*’*0
77*4
78*
75*’
58*0
81*1
5S'»
W it
54'9
MS
09*3
69*0
08*7
O c to b e r.
N o ve m b e r.
1888 (good)........
G eorgia .
7*54
8'U l
8*61
5*78
5*Hl
4*29
11*30
4*75
8*15
5-39
7*36
4*86
D ays
ra in .
1
13%
8 !
15V?
12
14^
« »
15
14
10
51
15
!
(
i m
R a in
f a ll.
D ays
r a in .
R a in
f a ll.
D ays
r a in .
9
7
7
14
8
ilk
0*6’>
0*58
3*20
4*07
2*49
4 '9 i
7%
2*57
2*42
3*01
0*23
3*75
3*00
9
8
8 )4
2
8
9
4*46
0*44
l->t8
4*11
2*73
4*41
8
3
6
9
3
1*83
1*98
2*38
0*93
4*09
3*23
5
8
8
4
6
8
1*75
2*04
2*80
0*29
4*9L
4*18
5
7
7
3
Si**
2*48
0-99
2*13
2*36
1*60
0*33
8'
5
R a in
f a ll.
D ays
r a in .
5*20
S‘ 74
2*40
4*86
3*73
10*23
514
4*82
3*13
7*49
2*60
7*ltf
8
1H
6
14
8%
3W
8
8
9
3^6
7*43..........................
1 89 1
..........................
..........................
..........................
3*9S
7
3*38
if
0*48
189*2 ( g o o d ) — . . . .
14 |
5*16
502
7
2%
a -11
0
1891 ( f u l l ) .............
0*29
0*55
8
13J*
9
7*24
5*19
3*H
9 |
15
1890 ( f u l l ) ................
3
4*0 4
1889 ( g o o d ) . ........
6 05
13^!
0
1 86
10
1883 (g o o d ) .. . . . . .
8*7
L
5-35
5'2 8
U5S
IIX
Florida .
8
18
6*00
1 8 9 3 . . . ................. .
7*73
4*62
UH
21
17 ^
10*09
3* LI
8 \4
1893 (KOOd).. . . . . . .
5 53
7-87
9
14
16
1891 {.fu ll)................
5 93
4*10
7*13
21
5*44
5*22
10^
1800 ( f u l l ) - . . . . . . . .
l* M
2
6*13
10
1889 (good).......
4*37
lt l
\Q A
9 82
15
5*24
1888 ( g o o d ) .............
4*97
118
m
ALABAMA.
1893 .
1893 ( g o o d ) .. .. .. ..
1891 ( f u l l ) ................
1
189 { f u l l ) .............
1889 (g *od>..........
1888 (good)..........
LOCHSIANA.
1*93...................
1893 (good)........
1891 ( fu lU ............
l K « 0 l f u i l ) ................
1889 (good),........
18$8 (g o o d )...........
VlISHISSlPFI.
1893 . ............
4*02
3 92
2-29
3*46
2*74
U -S 7
. ..
1892 (good).........
ISM (fall) ....... .
18«0 (fu ll)....... .
1880 (good)........
1888 (g o o d ) . . . . . . . .
ARYAN’SAS.
Igagt......... .
1892
1891 (full) .......... .
1890 (fa ll)
0*52
8*05
3-09
4-74
4-91
8*85
..........
1889(good)..........
1888 (go o d )..........
1892 (good)..........
1891 (fall;
189 •(full
0
11
1 2 )4
16
9!^
1 1 !^
8
10
fO
15
7%
1'7-i
2*18
4*31
u
5
10*16
15
2*21
1*07
4*69
2*78
5*13
8
6
0
2*20
2*74
2*06
5*07
3*37
1*57
4*46
1*70
0*52
5-95
2*43
5*55
T W i*3 ..............
1892 ( g o o d ) . .
1891 ( f u l l ) . . .
18w0 ( f u l l ) . ..
1809 (g(> .d )..
8*25
5-37
2*07
2*49
2*80
6*95
7
0
7
UK
3
4
3
0*79
0-56
0*91
3*21
0-38
2*32
2
12
8
m
««
3
2
1344
W
8k
6
204
0 37
6
10 ^
12
2*51
1 34
1*03
3 81
0*45
4-24
6
5
5 V*
1*55
3*32
0*74
3*35
1*07
3 13
4*06
3*i4
3*40
7
13
8k
1-10
2*4
8H
13
14
5
1*88
4*23
9*06
4 17
11
8
13
7
il
5
7a
4*04
9*52
2*21
5
3
l
14
4*86
1*33
0*34
5*43
m
0*82
7*60
5*07
2 *0 ,»
•8
11 0
1889 (good)..
18^ (good)..
7*01
2*53
2*64
4*98
5*18
4-08
lOt^
Tennessee .
1893 .......................
14
XTH
6*21
3**29
0*83
6*51
4*48
3*32
1*54
0*91
3*37
3*97
4*9t
1'18
3
15
10
8k
2
hm;
744
0
13
SH,
1*20
3*60
1*17
S*30
0*39
4*!H
0*36
4*43
1*04
2*9?
8 !^
3
0
m
0
0
4*83
5*60
3*80
5*33
2*99
13
9
S4
1*77
4*58
3*27
4*29
5*43
5*49
4*60
7*32
6*70
8
11
4
2*95
4*96
5* f0
2*39
6*»i7
4*50
214
4 )4
Bk
4
to n
(
HY,
2
1 94
2 4
5 4
8
6
13k
6*01
4*78
3*08
3
9
< u
7
6*12
0
m
3*54
3*23
5*23
0*18
6*30
3*09
2
X^
V
9
-4*19
3*60
2*43
2*34
4*12
4*48
V
7
*
2
9
7
7 )4
"7)4
6
8
734
10
7
11
5
5
0
m
The words “ fu ll" and “ good ” following the years given abov
mean simply tliat the aggregate crop for the year named was fall or
good.
A g r ic u l t u r a l
D e p a r t m e n t 's
R eport
foe
D ecem ber.
—The Agricultural Department’s report on cotton for Decern
ber is given below :
The average plan tatlon price o f cotton, as shown by the Department
?potts, was on ^December 1st 6’99e, per pound as against s'40c. per
pound 011 the same date last year, showing a decline o f one and fortyone hundredth, of a cent. Notwithstanding the unfavorable condi
tion. as to yield as reported fo r the current year, this price is one and
36*3 63*4
two-tenth cents low er than the average plantation price for the seven
36*8 60*0 preceding years, during whioh the range was from s'be. t<> 7 *So.. aver
83'H 02*1
4I*e 06*2 aging 8-20. The report shows that picklug has been successful, owing
32*0 60*0 to the very favorable weather.
58*0
54*3
64*9
00*8
E a s t I n d i a C r o p . —The following reports on the cotton crop
in India are published by the Bengal Chamber of Commerce
of Calcutta, under date November 8.
54*
Cotton C rop.-C entral Provinces (Second Report, Season 1893).—The
season has been on the whole very favorable for the cotton crop. The
early rains and the high price wiiioh cotton commanded
in ouly U ireeuis riots
58*3 led to a considerable extension of cultivation,
0O'2 is the current season's area estimated to fall short of last year a, where
32*7 60*2 as from ten an increase Is expeoted. amounting in seven cases to ove.
80*5 54*5 10 per cent. The prospects of standing crop are generally very favor80*6 50*5
able. In the districts of Chanda and Bilaspur damage htw been 0 tused
by heavy rain, but elsewhere a full average, if not
25*5 52*3 crop, may be expected.
Taking the provinces as
*27*0 54'3 are really belter than the normal, inasmuch as t o annas tain variably
2t*0 51*0 taken to express an ordinary full crop, in excess o f a b a r e : , ; l e'„nri
30'
58*7
Cotton Crop, Punjab (Second Forecast 1893).— Cha
50*9
20'
tinned, on the whole, favorable for c o t t o n , though some dam tgs has
31*9 52*4
been done bv heavy floods in July. Tire present estimate, though ahTOt..
22*0 48*8 2 per cent below tha t made at the comm nnenaeut of the season, issttu
*2H*7 51*5 11 per cent atiove the final result of last year. These intermediate
27*0 49'7 returns, however, are only conjectural.
81*8 54*1
54*8
56*
28*3 40*3
48*!
20*
From Messrs. Lyon, C imber & Go.’s circular, dated Bombay,
Nov. 10, we have the following:
72*9 19*0 46*3
74*f 39*7 40*7 | Crop accounts continued very satisfactory until a few days ago.when
73*3 18*0 47*9 ! r e p o K s o f f l h e r r a l J i n the Berars and O j n t jW J m i n p « * * >
70*8 29 1 53-8 hand, and as neatly two inches have fallen in most of the
f»*S 24*5 4**9 Iriets there can b e b u t little doubt that som e damage m l result to the
77*3 23*0 47*5 quality, and the eailier pickings tnay have black leaf f
o ftlf
85?
80*7
04*5
■
(
21*8 54*9
32*0
7
79*1 3**0
60*. 21 a
82*3 3 VO
7m*i 27*o
80*0 30*7
80*3 3**0
81-0 33*1
8 8 > 2<*r
83*0
? ft
52*9
m:3 86*5 61*0
59*8
A5‘ 2
62*6
01 0
0"*Q
37*0 57*5
«
83*3 28*8
m s 20*8
88*0 3i-8
84’0 3 2*8
K it 31*5
80'l 37*5
48*7
4 -‘*2
58*t
50*0
57*1
56*4
70*1
68-.J
7ro
67*3
8rf*7
78*5
74*2
75*8
75 7
78*3
74*0
S ' r t k Ca r o l i n a .
1 8 9 3................. . . .
1893 ( g o o d ) . . . . . . . .
1891 (fail) ........
1890 ( f a l l ) ...........
1 88 9 ( g o o d ) . . . . . . .
1888 ( g o o d ) ..............
3ocTTH C a r o l i n a .
1 89 3 ....................... ..
1892 f « o o d ) . . . . —
1891 ( t a i l ) ................
1890 (f u ll ). . . . . . .
1889 ( g o o d ) ..............
1888 (good)..
'1*0 W
43*0
4VI
44 0
46*5
40*7
77*5 ' 87*(
71*9 m-o
75*0 89*3
75*0 »•-.
m s 7-’>*2 85 -3
47*2 51*0 83*0
R a in
f a ll.
*<?
59*
58*8 i
87S 50*7 71*6
W'& 06*1. 77*3
US
i
S
39**
8737*7
37*8
b is SVC
8V7 44*0
76-0
55-s: 72*3
50*7 71*5
56*7’ 74*0
73*1
46*0 70*8
«• «
92*2
873
07-i
* (
83’0|
8 4*9
65*8
84*2
8 »*4
77*0
5*0
55*6 76*1
60*> 75*3
61*0 77*7
(w*‘
November.
'
9 0 0 45*61 70*3
H-j-H 43*6- rts*0
860 53 3 71*6
m s 52 4 7s*i
86*2i 4i*2i m s
87*4. 38*5;
m
58*0 77 7
} m l
October.
aj
s
-3
0i*7
*3 59*a
80,0
62 "
i25\j
i
04*1
94*'
£6*-S
U8*J
-1
) {fail).
73‘2
m a 790
77*0
.
vm
60*5 r .
M S 70*0
m-t
t
01-5: 56*3 7«*S
78*0
m--i
psnil m-ti 78*5
m s : Ho*t 7Tr»
04*3: Bo*0 77*3
07*0 62*0 78*7
m
169.0
8 9 .0
8 9 .0
80,0
SO 0
S e p te m b e r.
A u g u s t.
Rainfall Averages.
Spinners’ stock Oe*. 1.
Takings to Dec 1 .......
Weekly Consumption,
00» omitted.
In October............... .
Tr FovMnlwr
10 49
311 57*0
the weather clears up now and n o'fu rth er raiu^ falls, we cspfthl the
33*0
59*0
29*7 5H*8
82*r 38*8 59*0
e ivuanoeiRQ uistriew uu uut
~
77 2? 6 48*9
w*>*» m
showers, and so far little or no damage haa resulted, but the wnat;hei,
utio &
i f n •
according to telegrams to hand to-day. though im proving, has not yet
oleared uj), and it is possible that further raiu may fall.
1050
Exports
THE CHRONICLE.
of
Y
arn
from
I n d ia
to
C h in a
and
fVoL. LVTI.
To Liverpool—Deo. 9 —Steamer Emir, 10.029 upland and
2 ,1 7 5 Sea Island— Deo. 12 - Steamer Renown, 4 ,4 8 6 upland and
3 3 6 Sea Island.
To H a v re -D e o . 9 —Steamer Amaryllis, 4 ,4 5 0 upland and 253 Sea
Island.
To Bremen—Deo. 1 5 -S te a m e r Tanoarviile, 6 .014.
C h a r l e s t o n — To Liverpool - Deo. 9 —Steamer Massapequa, 8 ,602 up
Total
land.
bales.
To Bremen—Deo. 14—Steamer Myrtledene, 8 ,2 0 0 .
69,9 5 7
W i l m i n g t o n — To Liverpool— Dec. 1 4 -Steam er Ortns'oy, 1 0 , 0 4 4 .
85,772
105,156 N o r f o l k — To Liverpool— Dec. 1 2 —Steamer Olive Branoh, 5 ,6 8 1 ........
Deo. 1 5 - Steamer Lake Huron, 7,900.
131,218
165,259 W est P o i n t - T o Liverpool-D eo. 9 —Steamer Bretwalda, 8,701.
B
o
sto
n — To Liverpool - Deo. 5 —Steamer Columbian, 2 ,1 5 7 ...D e c . 8 —
191,588
Steamer Pavonia, 875.
225,557
B
a l t im o r e - Co H a v re -D e e . 1 3 - Steamer Nerano, 9 99.
2 4 1 ,8 0 >
To R >tterdam - Dec. 8 —Steamer Delano. 501.
2 7 4,9 57
302,557 Ph il a d e l p h ia —To L iverpool-D eo. 1 2 -S team er British Princess,
1,163.
3 40,863
2 5 8 ,.Oft
Below we give all news received to date of disasters to
J a p a n .—
Sa v a n n a h —
We give below a statement of the shipments of yarns trom
India to China and Japan during the nine months ending
September 30, for the years 1883 to 1893, inclusive:
Jan. 1 lo Sept. 30.
1 8 8 2 ............................
1 8 8 3 ............................
1 8 8 4 ............................
1 8 8 5 .........................
1 8 8 6 ............................
1 8 8 7 ............................
1 8 8 8 ............................
1 8 8 9 ............................
1 8 9 0 ............................
1 8 9 1 ............................
1 8 9 2 ............................
1 8 9 3 ............................
To China (hales
400 lbs. each).
161.617
245 .0 8 4
323 ,5 6 4
To Javan (bales
400 lbs. each.)
7 ,386
14,101
10,151
12.942
12.688
29.971
41,0 4 6
41,9 7 0
29,8 7 3
8 ,566
17,299
9,183
It will be noticed that the shipments to both China and vessels carrying cotton from United States ports, &e.:
A s s a y e , steamer (B r.), at Liverpool, Deo. 11, from New Orleans
Japan exhibit an appreciable decline from 1892.
S h ip p in g N e w
s .—
T h e e x p o r ts o f c o tto n f r o m
th e U n ite d
S ta te s th e p a st w e e k , a s p er la te s t m a il r e tu r n s, h a v e reached
3 1 3 ,2 7 3 b ales. S o f a r as th e S o u th e r n p o r ts are c o n c e m e ', these
a r e th e s a m e e x p o rts re p o rted b y te le g r a p h a n d p u b lish e d in
th e C h r o n i c l e la st F r id a y .
W i t h r e g a r d to N e w Y o r k w e
in c lu d e th e m a n ife s ts o f a ll vessels c le a re d u p to T h u rsd a y .
Total bales.
N e w Y o r k —T o Liverpool, per steamers Areotina, 9 9 4 ........
Bovlc. 8 .4 5 2
Mamelnke, 2 .1 6 3 ................................................ 11,609
To Hull, per s> earner Galileo, 1 ,000. ............................................
l,OOo
To Havre, per steamer La Bourgogne, 250 upland and 15
Sea Island.......... .................................................................. ..............
265
To i-remen, per steamers Lalm, 24 6 . Trave, 2 9 1 .................
537
To Hamburg, per steamer Taormina, 6 0 0 .....................................
600
To Rotterdam, per steamer Carlisle, 1 0 1 ........................ ........
100
To Antwerp, per steamers Apollo, 1 ,5 0 1 ...Noordland, 1 ,800 3.301
To Gottenburg, per steamer Iralla, 2 i 0 .....................................
250
To Copenhagen, per stetm er Italia, 1 0 .........................................
10
To Genoa, per steamer Fulda, 7 t 0 . . ...............................................
740
N e w Ok l e a n s —T o Liverpool, per steamers Barbadirn, 10,5 0 0
— Ernesto. 6.162 ...M ontezum a. 1 2 .2 2 0 ___ Orion, 7,000
. . . Quantook, 3 ,4 8 4 ...T eutonia, 3 8uO. . . .
................... 43,166
To H avie, per sioamers Ealing, 5 ,2 0 0 ___ Lord Charlemont,
7 ,060
Mexico. 7 ,6 3 1 .................................................................... 19,941
To Bremen, per steamers Maple Branoli, 6,631 . . Matthew
Bedllnston. 5 ,2 7 5 ...........................
11,906
To Hamburg, per steamers Australia, 1 .2 0 0 ___ Cremon, 850
2.050
To Barcelona, per steamer San Francisco, 1 ,9 0 0 ......................
1,900
To Geuoa, per steamer San Francisco, 1 .400
.......................
1,400
G alveston —To Liverpool, per steamers Glenfleld, 5 ,8 2 0 ___
Tangier, 4 ,4 8 3 ....................................
10,303
To Bremen, per steamer Gatton, 3,355
..................................
3,355
S a v a n n a h —To Bremen, per steamers Dora Foster, 7 ,3 5 0 ___
Eastry, 9 ,245 .................
16,595
To Reval. per steamer Gordon Castle, 4 ,9 0 0 upland and 100
Sea Island..............................................................................................
5,000
5 ,075
To Barcelona, per steamer Imperial Prince. 5 ,0 7 5 . .............
To Geuoa, per steamer Imperial Priuoe, 1 ,5 5 0 ___ Straits of
Magellan, 5,498 ....................................................
7.048
6,028
B r u n s w ic k —T o Liverpool, per steamer Lanark. 6 ,0 2 8 ............. ..
C har leston —To Liverpool, per Bteamers Aurora, 7 ,9 0 7 ........
Bessarabia, 3 .9 3 6 .............................
11,813
To Havre, per steamer Annie, 4 ,7 0 0 ......... ............ .................
4,70
To Barcelona, per balk Jnsefa, 1.025
brig Angela, 5 0 5 ...
1,53ft
W ilm ington —To Liverpool, per steamer Venus, 9 ,8 0 0 ................
9 .8 0 0
To Bremen, per steameis Craigmore, 6 ,6 6 4 . .M altny, 9 ,5 2 3 16,197
1,900
N o r f o l k —To Liverpool, per steamer Ltsnaorieve, 1 ,9 0 0 .............
N e w p o r t N e w s —To Liverpool, per steamer Rappahannock,
„
l o i M . . . . ...................................................................
1,185
B oston —To Liverpool, per steamers Georgian, 2 ,1 3 6 ___ Michi
gan. 1 ,7 2 6 ___ Ottoman, 1 .8 6 0 _____
5,722
B altim o re —To Liverpool, per steamers Barrowmore, 9 9 4 .........
Rossmore, 1 ,6 4 3 .................................................................................. 2,638
To London, p r steamer Maryland, 10 •.........................................
100
To Bremen, per steamer Dresden, 4 .5 8 5 .............
4,585
P h il a d e l p h ia — ro Liverpool, per steameis Lord Gough, 9 2 . . . .
Indiana, 570 ....................................................................................
662
To Antwerp, per steamer Switzerland, 2 4 2 ..................................
242
Total............................................................................................................. 2 13,273
T h e p a r tic u la rs o f th e se s h ip m e n ts , a r r a n g e d in o u r
f o r m , are a s f o llo w s :
Roller- QoltenHull
Bremen dam burp, BarceLiver- & Lont£ Ham- </- Ant- Reval <&Iona J
pool.
don. Havre, burp. werp. Oopen. (Henna.
New York. 11,6 0 9
1,000
265 1,137 3 ,401
260
740
N. Orleans. 43.1 6 6
... 19,941 13.9 5 6 .. ....................... 3 ,3 0 0
Galveston.. 10,303
................. 3 ,355
Savannah............................ . » .......... 16,595 .......... 5 ,0 0 0 12,123
Brunswlok
6.028 ...................................................................................
Charleston. 11.843 .......... 4 ,700
..................................... 1 ,530
Wilmingt’n 9 ,800
................. 16,1 8 7
N o r fo lk ....
1 ,900 ...................................................................................
N ’p’t News 1,185 ...................................................................................
Boston.......
5 ,722
Baltimore.. 2,638
100 ............ 4 ,5 8 5
Philadel’a..
662 .......................................
242 .........................
u su 1
Tola .
18 412
80 363
13.658
33,718
6,028
18,073
25,987
1,900
1.185
5.722
7,323
904
Fire
started on Dec. 6 among the bales of cotton in the hold of steamer
Assaye. The crew have been fighting it s nos that time. The
deck was pierced and steam injecte i without effect, d ie unin
jured cotton was land 'd Deo. i l , and firemen delug id the
remainder. The heat buckled a portion of the vessel’s de -,k.
H e r m a n W i n t e r , steamer, from New Y o-k f o r Bo3ron. F ire w as
discovered among *oms bales of cotton in the af terli )id -f steamer
Herman Winter, from New York, when the steamer w *s off
Highland Light, Deo. 14. On arrival at Boston the afterhold was
flooded and the fire extinguished. Damage between $ 7 0 9 and
$ 80 0 .
Cotton freights the past week have been as follows:
| Satur.
L iv e r p o o l, b id — d “
Do
a s k e d .d .
Mon.
Tuts.
632
632
—
....
35*
35 *
35*
35 *
....
__ _
....
____
....
632
....
532
....
633
632
....
632
22®u64
H a v r e ................... d. 3 0 ® 35*
Do
l a t e r ........ d. 3 5 - 3 7 V
B r e m e n , s t e a m . . d.
6S2
Do
l a t e r . ,.d .
H am bu rg,
Do
A m s ’d a m ,
Do
Wednes. TAurs.
Fri.
5 32
632
“ 32
....
___
35 *
....
s t e a m d . 9 c4 ® S32 9« 4 ® 632 964 ® 532 98 4 ® 532 964'®5^2 964 ® “ 32
....
....
l a t e r ., d.
....
....
s t e a m .e . 3 2 ® 35* 30 @ 35* 3 0 ® 3 5 * 3 0 ® 3 5 * 3 0 ® 3 5 * 3 0 ® 3 5 *
__ _
l a t e r . , c.
....
...
....
R e v a l, v i a L e it h .® . i^ e ® 5ie
%2
932
932
932
932
....
Do
v i a H u l l . d.
....
....
....
....
....
....
....
....
B’ lo n a , d i r e c t . ..d .
....
G e n o a , s t e a m . . . d.
S18
l l f 4 d 3 18 1164'®Sia
31«
3ia
____
P rle s te , v i a H u ll,® .
932
932
932
9 >2
*32
A n t w e r p , s t e a m .d.
®4-’ 4
t>,4
9P4
964
9«*
4
* Cents per 100 lbs.
L i v e r p o o l .— By cable from Liverpool we have the foUowir g
statement of the week’s sales, stocks, &c., at that port:
Nov. 24.
Sales of the week............ bales.
Of whiolt exporters too K ..
Of winch, speculators took ..
Sales Am erican............................
Actual export................................
Forwarded......................................
Total stock—Estimated.............
Of which American—Eatim’d
Total import of the week..........
O f which American ...............
Amount afl >at.......................... ..
O f which A m erican ...............
Dec. 1.
Dec. 8.
Dec. 15.
62,0 0 0
62,0 0 0
63.000
8 6 ,0 0 0
3 .000
3 .0 0 0
5 ,000
2 ,000
1,000
1.000
1.000
500
55.0 0 0
54.000
54.0 0 0
7 7 .0 0 0
9 ,000
7,000
8,000
13.000
69.0 0 0
6 1 .0 0 0
65.000
8 5 .0 0 0
852 .0 0 0 1,006,000 1,0 9 2 ,0 0 0 1 ,1 2 2 ,0 0 0
6 78.000
83 1 .0 0 0
90 0 .0 0 0
91 8 .0 0 0
1 59.000
1 10.000
230.000
128 .0 0 0
96,000
2 13.000
1 29.000
9 6 .0 0 0
3 2 5 .0 0 0
390 ,0 9 0
3 20.000
370 .0 0 0
38 0 ,0 0 0
3 1 0 .0 0 0
3 1 5 ,"0 0
3 6 0 .0 0 0
The tone of the Liverpool market for spots and futures ea« h
Jay of the week ending Dec. 13, and the daily closing prices
o f spot cotton, have been as follows:
S p o t.
Saturday Monday. Tuesday. Wednes. Thursd’y.
Friday.
Fair
business
doing.
F irm .
Market, /
i:4 5 p . m . J
Good
business
doing.
Mid.Upl’ ds.
4.H
E asier.
Sales ............ 12.000
1,000
Spec. <feexp.
1 :4 5
p.
d eclin e.
Market, l
4 P. M. \
4H
4*4
444
46ia
10,000
1,000
15,0 0 0
1 ,000
15,000
1,000
8
S tead y at
3-64 d e oltne.
V ery
stead y.
G ood
d em an d .
12,0 0 0
1,500
F u tu res.
tead y at
Market, ) S
1-64 @ 2-64
H a rd en ’g .
Steady.
tea d y .
Steady a
p artially
1-64 dec.
S te a d y .
V ery
stead v.
J.61S
8
tea d y at
2-64 ad
v an ce .
12,0 0 0
1,000
S te a d y . |
B arely
stead y.
F irm .
The opening, highest, lowest and closing prices of futures
at Liverpool for each day are given below. Prices are on
T o ta l....1 0 4 ,8 5 6 1 ,100 24 906 55.815 3 ,643 5 ,260 17,693 213 ,2 7 3 the basis of Uplands, Low Middling clause, unless otherwise
Below we add the clearances this week of vessels carrying stated:
J5P* The prices are given in pence and 64fA*.
T h u s: 4 63 means
«otton from United States ports, bringing our data down to 4 63-64®.
and 5 01 means 5 1 -64®
the latest dates:
Liverpool-D eo. 7 -S te a m e r Ida. 5 .031 ___ Dao. 8 Steamer* Iona, 4,721; Luoma, 6 ,836 ...D e o , 9 Steamers Kendall,
6,351 ; Rita. 5 ,6 1 6 ... Deo' 11—Steamer Fulwell, 6 ,3 3 5 ....D e o . 15
—steamers Craitliorne, 6,775; Unionist, 4,452.
To M anchester-Dec. 13 -(Steamer Glentsle, 4 ,930.
To Havre Deo. 9 Steamer Newby. 5 ,4 57.
To Hamburg - Deo. 13—Steamer Silverdale. 962.
N ew O rleans —To Liverpool Deo. 8 Steamer Leonora, 5 ,8 0 0 ___ _
Dec. 11 Steamer Floridian. 5 ,232 ...D e o . 12 Steamers Holbein,
3,2< 0; Jamaican, 9 .4 2 0 — Dec. 14—Steamer Melbourne, 4,150.
To Havre Deo. 8 -S te a m e r Peveril, 8 ,200 . . . Dec. 9 -Steamer
Canaries, 6 .5 6 3
Dec. 11 Steamer Foscolio, 3 ,3 5 0 ...D e o . 12—
Steamer Bondi, 8,258
Dec. 15 Steamer Bendo, 8,564.
To Bremen Dec. 8 -S te a m e r Angetton. 5 ,3 3 0 ....D e o . 1 2-S team er
Oro, 5 .0 0 0 ... Dec. 13—8teamer Ethelaida, 5,337.
To Bnrcelona Dee. 8 —Bark Barcelona, 500.
To G en oa -D ec. 11—Steame' Dunkeld, 4,830.
To Leghorn Dec. 11—Steamer Dunkeld, 2,000.
G
a l v e s t o n — To
Open H i g h L o w . C lo t .
4.
D e c e m b e r .. 4 l i
D e c .-J a n .... 4 11
4 11
la n .-F e b —
F e b .-M c h ... 4 12
S ioh.-A p ril. 4 13
A p r ll-M a y .. 4 15
M uy-June... 4 17
J u n e -J u ly .. 4 18
J u ly -A u g ... 4 20
4 21
A u g .-S e p t
ii.
4
4
4
4
4
4
4
4
4
4
12
11
12
13
14
15
17
10
20
21
d.
11
12
4
4
4
4
4
4
Open H ig h L o w . C lo t .
d.
4 12
4 11
412
4 13
3 4 It
5 4 15
17 4 17
18 4 19
20 4 20
21 4 21
4
4 11
T u e s ., D e c .
M on., D e c . 1 1 .
s la t ., D e c . 9 .
d.
4
4
4
4
4
4
4
4
4
4
10
09
10
11
12
13
15
17
18
19
d.
4 10
4 10
4 10
4 11
4 12
4 14
4 16
4 17
4 19
420
d.
4.
4
4
4
4
4
4
4
4
4
4
08
08
OS
09
11
12
LI
15
17
13
4 09
4 08
4 09
4
4
4
4
4
4
4
10
11
13
14
10
13
19
Open H i g h L o w .
d.
4
4
4
4
4
4
4
4
4
4
10
09
10
11
12
13
15
17
19
20
d.
4
4
4
4
4
4
4
4
4
4
11
10
11
12
13
15
10
13
19
20
a.
4
4
4
4
4
4
4
4
4
4
10
09
10
11
12
13
15
17
19
20
12
.
Clot.
d.
4
4
4
4
4
4
4
4
4
4
11
10
11
12
13
15
18
18
19
20
December 16, 1898.]
THE
W e d ., D e c . 1 3 .
T h u ra., D e c * 1 4 .
CHRONICLE.
F r f., D e e . 1 ,5
OBAIN.
Ojxm High Low, Clot, Open High Low. Oloe. Open MWi Low. Oio.
d.
1 13
4 13
J a n .- F e b ..
4 J3
F e b .- M c h ..
4 14
M c h .- A p r i l . 416
Aprll-May
4U
M ay Jun e
4 18
Jsauae-July., 4 20
July-Aoj?... 4 21
4 22
A n e .- S e p t
D e c e m b e r ..
d.
d.
4 li
4 13
4 14
415
4 16
4 17
4 IB
4 21
422
4 24
413
4 13
4 13
4 14
4 15
416
4 18
420
421
4 22
d.
d.
4 14 4 13
413 4 13
4 11 4 13
4 15 U l 4
4 1« 4 15
4 17 4 17
4 19 | 419
4 21 | 4 20
4 22 1 4 22
4 24 4 23
105 L
d.
d.
d.
4 15
415
4 15
4 16
4 17
4 13
4 13
4 13
4 14
4 15
4 1?
4 19
*20
4 22
4 23
4 15
415
415
4 16
4 17
4 19
4 21
4 23
4 24
4 25
d.
dL
4 16
i 16
416
4 18
4 19
4 20
4 22
*2 *
*28
4 27
4 17
4 17
4 17
4 18
4 19
4 21
*23
4 24
4 26
4 27
4.
Ill
d
wheat—
Sprins;. nerhnsh...
Bed winter No. 3 ..
Bed winter........ .
White................ .
Oats—M ixed..* bn.
White...... ....... .....
No. 2 mixed_____
No. 2 -white______
0.
61 ■®
67
57
59 ®
32*3®
34*3 9
3338®
35 ®
C.
Com, per bosh.—
West’n mixed
68is
No. 2 mixed
70
Western yellow ...
70
Western white......
35
Rye—
41
Western, per bush.
343s
State and Jersey..
36
Barley—No.2West’n.
State 2-rowed.......
State 6-row ed.....
74
e*
44
44% 9
45 *s®
46
0.
47
46t*
46
47
54
50
56
55
415
4 15
4 15
4 16
4 17
4 19
4 20
4 22
4 23
4 24
BER 1.—The Agricultural Department’s report on cereals for
'December 1 is as follows:
F riday , December 1?, 1893.
In consequence of a reduction of freight rates from the
Northwest millers have lowered their prices fox spring
patents a trifle, and at the concessions a moderate business has
been done. Otherwise trade has been slow, as buyers have
refused to trade except at lower prices, owing to the decline
in wheat, while holders have not been disposed to shade
prices, particularly for winters, which have been in limited
supply, Rye flour has been dull but about steady. Buck
wheat flour has been quiet, but owing to the scarcity of sup
plies prices have been further advanced. Corn meal has been
dull but steady. To-day the market for wheat flour was dull
and weak.
As is usual at the near approach of the Christmas holidays,
the speculation in wheat futures has become extremely slow
and prices have eased off a trifle under selling by tired
“ long*,” prompted by dull foreign advices, liberal shipments
from the Northwest, dull export demand and a report that
the aDti-opti< n bill will be again taken up by Congress. In
the spot merket business has been slow and prices have been
lowered i-lightly in sympathy with futures. The sales yester
day included No. 2 hard winter at 42£c. under May and No. 1
hard Manitoba at V .c, over May delivered. To-day the mar
ket was a trifle stronger on some buying by “ shorts ” to cover
contracts, stimulated by a reduced estimate of the growing
crop. The spot market waa dull but steady. The sales in
cluded No. 1 hard Manitoba at lc. over May, sp cial delivery.
The statistical returns o l the Departm ent o f A erioulture for the
month o f Deoemher aTe principally devoted to the indications o f the
average o f the prices of the product o f the farm at the points o f pro
duction or in the nearest local markets. As thus indicated the v a lu e d
corn is 37c. per hushel, which is 2 ’4e. low er than the corresponding
price o f last year, which was 39’4e. per hushel, a figure w hich corre
sponds nearly with the average farm price o f corn for the decade 1880
to 1889 inclusive, which was 39’3c., and is 6 1 c . lower than the average
for the three years 18^0 to 1892.
W heat—The average price o f wheat is 52 -lc. per bushel. The.nexfc
lowest price in the twenty-three years from 1870 to 1893 inclusive
was 6 f o e . , in 1884. The average for the ten years 1880 to 1889 was
82-7c., while for the three years 1890 to 1892 it was 76'6o. The de
cline from the average o f the last three preceding years, in tw o o f
which, 1391 and 1892, occurred the largest yield in the history o f the
country, is 21 5c., or 32 per cent.
Kye.—The returns raahe the general prioe per bushel ot rya 51'8o.,
which is 3e. lower than that o f last year, and 5-2e. lower than the
»v era »e during the last decade.
Oats — The average farm price o f oats as returned fo r December,
1393, is 2 8 '3c. per bushel, which is 2-9e. lower than last year, and
l-4 c. less than the average price during the past decade.
B ar'ey.—The average (arm price o f barley, as returned, is the low est
on record. The price is reported at 40'6o., as against 47’2c. a year
ago. .' lc. in 1891, 61-8c. In 1890 and J2’7o, in 1889.
Buckwheat —Unlike the other cereals, the farm price of buckwheat
per bushel is the highest since 1888—the average price of buckwheat
per bushel is the highest since 1883. The average price is 59 cents
per bushel, as against 53'4 cents last year, 57-9 cents in 1891, 57'7
cents in 1890 and 51’8 cents In 1889.
Hay,—The December returns show that the average price o f hay is
$ 9 1 - per ton. which is the highest during the last decade, e x c e p t lu
18-<7, when It rose to 9‘ 97. The average price in 1 392 was $3 49.
Tobacco.— Che average price o f tobacco for December is returned at
7 .8 cents per pound, which is almost the same as in 1835. 1838 and
1890, Kentucky, the State o f largest production, reports 7'6 cents, or
two-tenths o f a cent lower than the general average.
Potatoes.—Potatoes on the farm on December 1 were selling at an
average price o f 60 cents per bushel, 7 cents and a fraction less than
at Hie same time last year. The low er price is sufficiently warranted
by the difference in yield between the two years.
Winter Wheat—Th e condition o f winter wheat on Jhe first day of De
cember averaged 91-6. against 87-1 last year. In the Middle and
Southern States it ranges from 75 to 99. In the principal winterwhe.ii States the condition Isas fo llo w s: Michigan, 89; Ohio, 92; In
diana. 9 0 ; Illinois, 8 8 ; Missouri, 82; Kansas, 89; California, 100.
Winter Bye.- -The condition of winter rye, as reported, is 94'6,
against 89-4 last year.
4 19
4 21
4 22
4.24
4 25
4 14
4 14
4 16
4 17
4 18
4 20
* SI
4 23
4 24
B R E A D S T U F F S .
63
62
65
..
..
A g r ic u l t u r a l D e p a r t m e n t R e p o r t o n Ce r e a l s D e c e m -
The movement of breadstuffs to market is Indicated in t1e
movement of breadstuffs to market is indicated in the
Decem ber delivery,...
67'
60%
67 %
07%
67%
statement below, prepared by ua from the figures of the New
67%
67*9
January d e liv e ry ...... 0 . 6 8 %
68%
08%
68%
We first give the receipts at
F ebruiry d elivery. . . . ...0 ,
. . . . York Produce Exchange,
68%
March d eliver?... . . . . .
70** Western lake and river ports, arranged so as to present the
71%
70%
69%
71%
70%
May delivery...............
72%
72%
73%
73%
72% comparative movement for the week ending Dac. 9, 1893,
72%
Indian corn futures have been dull and prices have gradu and since August 1, for each of the last three years:
ally given way under increasing shipments from the interior, Receipt* at— Flour.
Rye.
Oata.
Barley.
Wheat.
Corn.
reports from Washington stating that the anti-option bill will
Bbls.imbs Bush.60 lbs Bush.bd lbs Bush. 33 lb* BushA8 lh Bu.56 l
55,035
be brought up again and in sympathy with the weakness of Ohtoatto .. ...
341,51?
88,772
462.711 1,243,154 1,140.630
39 400
222,725
09,575
173.000
235,050
60,557
wheat. The spot market has been quiet and values have de Milwaukee...
714.156
Duluth.
clined with future?. The sales yesterday included No. 2 Minneapolis.
1,353,000
1,300
4,300
3.900
183,400
167,20
mixed at 45? j'c, in elevator and 46c. delivered. Today was Toledo.......
1,960
145.442
34 448
4S 046
20,655
dull and without change or feature of importance. The spot Detroit......
30.000
20,000
35.000
6,500
Cleveland....
market was quiet. The sales included No. 2 mixed at 46c, 3t. Louie----16,800
8f,250
20.450
323.429
741.295
144,100
delivered ; old do at 46}£c. delivered and steamer mixed at Peoria..........
83,400
3,000
5,700
12,000
279,400
402.850
83,739
1.291
44^c. in elevator.
202,053
Kansas City.
.. D A IL Y CLOSIN G PRICES OF SO. 2 R E D W IN T E R W H E A T .
M on .
Sat.
T ves.
W ed .
Th lire.
F r i,
67 H
D A IL Y CLOSIN G P R IC E S O F NO. 2 M IX E D CORN.
S at.
45 H
M on.
Tuns.
45
December d e liv e ry ... e.
January d elivery....... ,c. 44%
May d elivery............... ,0 . 46%
41%
46H
44%
4 4*4
4 5 78
Weel.
T h u rs.
*4%
44%
45%
44%
41%
46
FH.
44%
44%
45%
Tot.wlc. '93.
•Same wk,192.
Same wk,'91.
185,329
210,052
218.418
3,497.451
0,094.180
4,059,824
2,717,201
2,505,201
2,783,213
1,845,367
2,760,740
1,788,502
748,547
1,129,641
905,585
119.135
164,093
310,053
One* Aug. 1.
1893...........
5,987.190 93,119 515 01,905,586 54,952,228 10,720.31L 1,692,087
Oats for future delivery have also been dull and prices have 1892...... .
0,341,658 143,060.225 43,717,539 50,417,600 16,931,500 4,854,190
steadily declined in sympathy with the weakness of wheat 1891........... 4.929,777 132,334,771 40,293,001 47,203.578 16.776,904 11,ISO,286
and corn and tinder the report that the anti-option bill will
The receipts of flour and grain at the seaboard ports for tl e
be again introduced in the House of Representatives, Busi
ness in the spot market has been moderately active at declin week ended Dec. 9, 1893, follow:
Rye,
Oats,
Barley,
Oom ,
Flour,
Wheat,
ing pricts. The sales yesterday included No 2 mixed at 33@
bush*
bush.
bush.
bbln.
bush.
bush.
—
and No. 2 white at 85c. To-day the market was firmer NewAtYork.
8,200
361,000 370,450 113.425
296,975
.1 9 3 ,9 1 8
on buying by “ shorts " to cover contracts. The spot market B o s to n ....,
635
230,313 27,993
294,611
134,612
3 * .87c
1,400
667
7,400
was firm but quiet. The sales included No. 3 mixed at 33%c. M o n tr e a l.... 8,160
5,600
53,379
Philadelphia.
66,487
61,359
68,339
and No. 2 white at 35c.
5 ,9 3 4
2,000
.........
98,534 254,523
Baltimore. - .1 0 4 ,1 0 6
D A IL Y CLOSING PR ICES OP’ N O. 2 M IX E D O ATS.
Sat
.0 .
Decem ber delivery.
January d elivery..........c.0 .
0,
February d elivery........e,
May D elivery................ o.
M on,
333b
34%
34%
35%
33%
34*4
35
38
Tiiea.
33%
34%
34%
35%
W eil.
33%
33%
34%
35%
T h u rs.
F r i.
33%
33%
34%
35 *s
33%
33%
34%
35%
Rye has bien without change and dull. Barley has been in
slow- demand but prices have held fairly steady.
The following are closing quotations:
flour .
Nine ...»
. * bbi. *1 7 5 0 * 2
Bopertlne.................... I *5 a 2
Extra, No. 2 .............. 2 0 0 3 2
Extra, No, 1 .............. a 2 0 * 2
Clears....................
Straights....................
Patent, spring...........
2 30*
10
25
50
75
8 00
3 0 0 * 3 70
3 75* *20
Patent, winter.......... $3 2 5 * * 3 60
City inula extra*........ 3 60 o 3 65
R ye flonr, su p erfin e..
Buckwheat flour.......
C ora m eal—
Western, <kc.~.—
Brandywine............
2 50® 2 90
3 00® 3 25
2 6 0 * 2 70
(Wheat flonr In sacks sells at prices telow these for barrels.l
2 75
6 ,9 .0
Rlohmond. .
New Orleans. 11,835
20,558
212,776
11,120
26,889
8 ,574
96,570
Tot. w e e k ..476,186 828,481 1,091,567
Week 1892. .454,990 1,908,492 1.293.3*7
734,029 148 418
639 512 169,382
__ . . .
14,819
53,874
Below are the rail shipments of floor and grain from
Western lake and river ports for four years:
1893.
1892.
W eek
D ec. 9.
W eek
D e c. 10.
1891.
W eek
D e c . 12.
1890.
W eek
D e c . 13.
306,596
360,893
353,137
347,155
W heat....... ....b u s h .
474,667
Date........ . ...............
Barley........
B y e............ ................
995,500
785,936
773,054
1,369,385
468,287
101,514
1,368,928
2.078,251
1.534,688
465,611
148,870
1,047,758
331,257
101,437
3 ,4 9 8 , 1 7 6
5 ,5 9 6 , 3 4 8
2 ,9 5 5 ,7 4 0
Ploor_____ ....b b ls .
T o ta l...
40,230
759,53®
7 1 5 ,7 6 4
THE
1 0 52
CHRONICLE.
The exports from the several seaboard ports for the week
eiding Dee. 9, 1893, are shown in the annexed statement:
Exports
from—
New York
Boston...
Portland.
Philadel.
Baltim ’re
N. Orl’ns.
N. News.
N orfolk.
Montreal
Wheat.
Corn.
Bush.
Bush.
268,743
117,263
32.399
52,0 0 0
70 ^ ,9 5 6
180,029
258,139
40,000
58,285
98,572
1 :3 ,2 0 8
146,571
Tot. week 768,549 1,362,651
B’me time
627,500
1892 .. 1.821.400
Flour.
Oats.
Bye.
Peas.
Bbls.
Bush.
Bush.
Bush.
12 >,413
27,472
3
26,821
73.831
2, 5 4
14,435
16,744
729
9 ,370
270 ,7 8 7
26,870
3 60,286
16,291
7 .98 \
1,533
36,355
27
45,869
6 4 ,8 7
8,*>98
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, Dec. 9, 1893:
Wheat,
bush.
In store at—
C om ,
bush.
New Y ork........... ,1 9 ,4 9 6 ,00 0
4 75,000
125,000
Do aflo at___ , 1,480,000
Albany............. ..
6 \000
9 9 7 ,0 »0
Buffalo.................. 3,5 3 9 ,0 0 0
Chicago............... 1 9 ,2 23,000 1 ,3 9 9 ,0 0 0
255,000
Do a flo a t... .
2 49,000
834 ,0 0 0
Milwaukee..........
, 8 ,4 1 3 ,0 0 0
209 ,0 0 0
Do afloat___
T oled o............. .. , 2,4 8 7 ,0 0 0
3 4 8 ,0 0 0
11,000
Detroit............... . 1,5 7 4 ,0 0 0
O sw ego............. .
*20,000
9 0 ,0 0 0
96,0 0 0
Bt. Louis............., 5,4 4 1 ,0 0 0
14.0 0 0
Do afloat___
9 ,0 0 0
25,000
Cincinnati........
, 1 115,000
520,000
1 49,000
61 2 ,0 0 0
M ontreal........... .
Philadelphia...
494 ,0 0 0
296 ,0 0 0
117,000
91,000
P e o ria ............. ..
1 65,000
84,000
Indianapolis___
Kansas City___ .
516 ,0 0 0
18,000
491,000
Baltimore..........., 1,2 6 4 ,0 0 0
Minneapolis___ 11 ,1 9 4 ,0 0 0
187 ,0 0 0
80,0 0 0
On L ak e s...........
56 4 ,0 0 0
T otals —
Dec. 9 ,1 8 9 3 ..7 8 ,7 8 >,000 6 ,1 5 1 ,0 0 0
Deo. 2, 1 8 9 3 ..7 3 ,0 9 ',0 0 0 7 ,0 8 4 .0 0 0
Dec. 1 0 , 1 8 9 2 ..7 5 ,5 7 1 ,0 0 0 1 0 ,7 1 1 ,0 0 0
Dec. 12, 1 8 9 1 .-4 2 ,2 5 3 ,8 2 5 3 ,6 5 5 ,3 6 6
Dee. 13, 1 8 9 0 ..2 5 ,1 8 6 ,* 5 0 1 ,8 2 0 ,4 6 3
Oats,
bush.
1,7 9 0 ,0 0 0
140,000
1 55,000
182 ,0 0 0
775 ,0 0 0
15,000
R ye ,
bush.
B a rley ,
bush
3 0 ,0 0 0
48,0 0 0
16,000
15 4 ,0 0 0
6O.000
55,0 0 0
54,0 0 0 1,43 4 ,0 0 c
90,0 0 0
251 ,0 0 0
4 3 ,0 0 0
20,0 0 0
1 4 7 ,0 0 "
15,000
87,040
30.0 0 0
26,000
12,0 0 0
3 ,0 0 0
84,0 0 0
2,000
34,0 0 0
11,000
30,0 0 0
30.0 0 0
130.000
107,000
76,0 0 0
24,0 0 0
1 6 9 ,0 0 0
12,000
19 2 ,0 0 0
2 4 ,0 0 0
3 6 ,0 0 0
2 ,000
2 ,000
9,000
67,0 0 0
14,000
4 ,0 1 2 ,0 0 0
630 .0 0 0
4 ,2 5 5 ,0 0 0
546 ,0 0 0
7,<>37,000 1,3 5 0 ,0 0 0
4 ,4 2 3 ,7 3 2 2 ,3 8 6 ,3 0 3
3,39 .',781 4 7 4 ,1 8 7
2Q,00
198.000
6 7 .0 0 j
137 ,0 0 o
20,00
53,000
46', 000
194 ,0 0 0
8 5 ,0 0 0
_
2,8 7 4 ,0 0 0
3 .3 4 2 ,0 0 0
2 ,2 (8 ,0 0 *
2,4 4 3 ,6 7 5
4 ,3 4 4 ,6 L9
THE DRY GOODS TRADE.
N e w Y o r k , Friday, P. M ., December 15, 1893.
[V ol . LVI1,
medium and tine grades at the new prices, with such leading
makes as “ Lonsdale,” “ Fruit of the Loom” and “ Masonville”
reduced to 8c. as the basis.
Pievious price was 8i£c. for this
grade of shirtings, but with longer discounts the reduction is
something more than J^c. per yard. Manufacturers claim that
on the present basis cost of production is not covered. Lowgrade bleached and wide sheetings are. without change.
Brown sheetings and drills are in steady demand without
activity at previous prices. Leading makes generally well sold
up. Colored cottons quiet and unchanged, as are kid-finished
cimbrics and other linings
W hite goods still slow for
both staples and fancies.
There has been rather more
doing in fancy prints for spring. Manchester glorias and
zephyrettes quoted at 6c. for the new season, but no other
open prices made by agents, although quietly; net prices iu
some other quarters show a decline from last season. Printed
specialties and tissues in moderate demand. Indigo blues and
shirtings firm with fair sales. Fine aDd dress ginghams in
steady but moderate demand for spring; staples quiet. Print
cloths have been in good demand this week at 3c. for 64x64s,
28-inch cloths closing strong.
1893.
Stock o f P rint Cloths—
Dec. 9.
Held by Provldenoe manufacturers. 127.000
Fall Elver manufacturers................... 1 27,000
None.
5 ,0 0 0
1892.
1891.
Dec. 1 1 .
2 0 2 ,0 0 0
2 4 3 ,0 0 0
5 ,0 0 0
4 4 5 .0 0 0
Dec 10.
Total stock (pieces).........................2 5 4 ,0 0 0
demand for heavy-weight wool*
ens and worsteds has again been on a very restricted scale>
despite much colder weather over the whole country. B u y
ers can rarely be fempttd to purchase more than small lots
even by price concessions, but despite this there is much ir
regularity in values. In spring weights also agents in some
instances are endeavoring to move goods from stock at re
duced prices, and occasional sales of moderate extent have
been effected thereby. Ou'side of these only a slow dupli
cating demand is reported for either woolens or worsteds. In
one or two instances agents have tried the market with sam
ples of heavy weights for the fall of 1894 without encourage
ment. Union and cotton-warp cssim eres, doeskins and K en
tucky jeans and satinets are inactive. Overcoatings gener
ally slow, with a moderate business in cloakings. A limited
business is reported in woolen and worsted dress goods for
spring.
F o r e i g n D r y G o o d s . — W hile there has been no general
expansion of demand for fine cotton fabrics, woolen or
worsted dress goods, or silks for spring, orders received show
in the aggregate a slight increase, in response to the later
date proposed for new duties to go into effect. Prices are
irregular in all divisions, In ribbons, laces, hosiery, gloves
and linens the demand is poor. In seasonable lines business
is of a nondescript order, buyers confining themselves to pick
ing up odds and ends at irregular prices.
D o m e s t ic W
o o l e n s . — The
Week. Since Jan. 1.
Great Britain............................
Other European......................
C h in a..........................................
India............................................
Arabia..........................................
A frica........................................
West Indies................................
M exico............... ........................
Central Am erica.....................
South Am erica........................
Other ooun tries........................
T otal.....................................
China, via Vancouver........
43
36
i
l
371
30
99
590
126
1,297
1,420
4 ,6 ?8
1,891
36,737
5 ,540
11,886
6,337
19,381
2,337
4 .5 «0
5 0 ,1 8 4
2,833
1892.
CC to
CO © *- (fa© © © ©
—bt m to to ** a»
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-ICO —
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Week. Since Jar. 1
-4
76
8
4,107
100 *
50
18
46 i
26
13
248
38
©
5,715
1,653
73,609
5,681
14,7.(5
7,096
16,679
3,048
5 ,770
44,636
2,827
1 46,404
33,5 6 6
5,147
300
181 ,4 4 9
18,420
Total..................................... 2,717
17 9 ,9 7 0
* From New England mill points dlreot
5,447
199,869
The value of the New York exports since January 1 has
been $8,684,317 in 1893 against $9,333,616 iu 1893.
A good business has been done ia bleached shirtings in
Manufactures of—
W ool _____________
C otton .. .................
Silk, ........................
F la x _____________
1893.
D ec . 12.
Total wlthdr’ w’ ls
Ent’ dforconsum pt
to
Total m ark eted .. . .
Ne w Y ork
Manufactures of—
W o o l ......................
C o tton ...................
Silk ______________
F lax ........................
M iscellaneous ........
T o ta l...................
Ent’dforoonsum pt
The most important event of the week has been the revision
of prices of bleached cottons by leading agents. This has
been waited for by the trade for some time past and since I m p o r t a t i o n s a n d W a r e t i o u s e W i t h d r a w a l s o f D r y G o o d s ,
The importations and warehouse withdrawals of dry goods
made there has been considerable expansion of busines s in
at this port for the week ending Dec. 14, and since Jan. 1,
the goods directly affected. Still the demand has not been
1893, and for the corresponding periods of last- year are as
marked by any buoyancy, although the new prices are rather follow s:
more in favor of buyers than generally expected, and are the
r3
3
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lowest recorded since 1885. In other respects the market is
8
= £ k 2 .o 5
l
without material change. Here and there buyers have done
sc: • d • 2
a little more business in staples for spring, but as a 3©
91
O
o
rule are still purchasing to meet current
and near -J
p
0
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requirements only. The change of date in the Wilson
tariff
bill from
M ach
1
to
June
1
for pro
posed duties to go into effect has not released spring de
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mand for fancy cottons or woolen fabrics to any material ex
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vative lines. The increased distribution of bleachei cottons to M
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to to to at
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although in comparison with present demand these may be (fa ■fa© (fa00 to*-* CO z at M© ©(faXrfatO
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buying of any moment without prices being affected.
Thus, although the tone is dull, it is steady, and with the ex
CO
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Collections are barely as satisfactory as a week ago.
^-JOI y* O' 00 to-3
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packages, valued at 8104,895 their destination being to the
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po;nts specified in the table below:
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i
THE CHRONICLE.
December 16, 180S.J
S t a t e
a n
d
term s
C
of
it y
D
t f A
i n
m
N
T
,
s u b s c r ip t io n .
C o m m e r c ia l a n d F in a n c ia l C H R O N I C L E con
u iiu 4 0 to 64 pages published every week.
■ ta le a n d C ity S u p p le m e n t of C H R O N I C L E con
tains 1 80 pages published periodically.
I n v e s to r s ’ S u p p le m e n t of C H R O N I C L E (a Cyclo
pedia of Bailroad Securities) contains 160 pages published
every other month.
Subscription to CHRONICLE for one year 0 1 0 .0 0 ,
which includes every issue of both Supplements,
T h e purpose o f till* State and City D ep a rtm en t
la to furnish our subscribers with a weekly addition to and
continuation of the State and City Supplement, In other
words, with the new facte we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
State and City Supplement to as near the current date as
possible, Hence if every Subscriber will note in his Supple
ment on the page designated at the head of each item a
reference to the page where the item in the Chronicle can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.
State o f V irginia.—A bill has been introduced in theVir.
gioia Legislature this week to provide for the organization of
Slate banks of circulation based upon Virginia State bonds
as a security for the circulation. The act of course is not to
take effect unless the United States statute imposing a tax of
10 per cent on the circulation of State banks is repealed. It
provides in detail how the banks shall be organized and oper
ated. In towns and villages the capital stock is to be not less
than $10,000 and in cities not less than $50,000. At least 50
per cent of the capital stock shall be paid in before the banks
shall be authorized to commence business. The provision that
these banks shall at ail times be prepared to pay out 5 per
cent of their deposits in federal money, in either treasury
notes or coin, is regarded as one of the strongest features of
the bill. This wilt, its author claims, enable depositors to
use checks on such banks in any part o f this country or
Europe without questk n. and will make their issue practically
as stable as that of United States depositories. The bill
provides for periodical reports of the proposed banks to the
State Treasurer and an investigation into their affairs con
ducted by the Attorney-General. It Is based as near as possi
ble upon the statute authorizing the establishment of na
tional bank®.
One of the chief objects of the law is to afford a ready mar
ket for and to enhance the value of Virginia State bonds, and
to cause the interest to be paid to the people within the State
who may hold the bonds under the operation of the bill, in
stead of going, as the interest does now, mainly to parties out
side the Common wealth.
it
It is predicted that this measure, or one of similar import,
will be enacted before the adjournment of the present Legis
lature,
In reference to Virginia's present financial condition Gov.
McKinney, in his message sent to the General Assembly this
month, writes as follows :
I am gratified to be able to say that our financial condition
is better than it has been for many years, and it is steadily
improving. Our revenue is now ample to meet the regular
expenses of the Government, sustain the asylums, aid institu
tions i f learning and continue the present liberal appropria
tions to the public free schools, pay the interest on the public
debt, and provide for our Confederate veterans.
The assessment of lax-a in i860, the last year of the preced
ing administration, was $2,648,328 18, and in 1893 it was $3,147,506 31, an increase of $498,983 18. * * *
Our cities are growing in population and wealth, our rail
roads are bring extended, and the revenues are annualy in
creasing. Besides, there are various reforms by which our
expenses could be reduced, which I will point out. I feel,
thrrefore, that I can congratulate the General Assembly upon
1053
the condition of our finances and the encouraging future
which is before us, after the long years of financial distress
through which we have passed.
The State debt has been settled to the satisfaction of our
creditors. We have agreed to exchange $19,000,000 of new
bonds, payable 100 years after date, bearing 2 per cent inter
est for che first ten years and 8 per cent thereafter, for $38,000,000 of old bonds, the greater part of which bear 6 per cent
interest, some 5 per cent and the balance 4 per cent. Twentyfour million five hundred and forty seven thousand three hun
dred and fifty-eignt dollars of old bonds have been received in
exchange for new bonds and canceled. There is still out
standing a small balance of bonds which have not been ex
changed because the limitation given the Board of Commis
sioners expired before this could be accomplished. Their pow
ers should be promptly renewed for a limited time, so that all
the debt may be settled upon the same conditions. Four
times the semi-annual interest oa the new iniebtedness has
become due, and at each recurring p-riod the money was
promptly paid to the bondholders, showing the ability of the
State to meet the interest when due without increasing the
rate of taxation or adding new burdens to the tax-pay.ers,
verifying my opinion as to our ability to do so expressed at
the time of the settlement.
I would advise that an act be passed authorizing the Commis ioners of the Sinking Fund to purchase so many of the
bonds of the State as they can do with propriety, using such
money as may be spared conveniently from the Treasury after
all the liabilities of the State have been satisfied, so that there
shall be no increase in the amount to be paid in meeting the 3
per cent interest when it falls due in July, 1901.
State o f Kansas Finances—A special report to the Chroni
cle from State Treasurer W. H. Biddle shows that there has
been no change in the indebtedness of the Commonwealth
since the publication of the statement in our lastScpPLE
ment. The total debt is still $801,000, o f which $545,000 is
held by the several State funds. The assessed valuation for this
year is $356,621,818, showing an increase of $13,938,973 on last
year .- figures. In the followmg table the report for this year is
given in connection with previous returns taken from the
State and City Supplement.
T ea rs,
•T o ta l E q u a l- S la te T a x
i- e d V a lu a tio n . p . $1,000
1803......... $356.621,81S
1892........ 342,082.845
1890......... 348,459,943
1889......... 860,815,073
1886......... 277,113,323
T ears.
T o ta l E q u a l - S ta te T a x
iz e d V a lu a tio n , p . $1,000
1885..........$248,846,811
1884........ 237,< 20,391
$4-25 1883........ 203,184,489
4-20 1880........ 160,570,761
4*10 1876........ 133,832,216
$4-50
4-30
5-50
*The decrease in the total valuation of property in the State during
the year 1889-90 was largely ow ing to the lowering of tha assessed
valuation of railroad property by the State Board o f Assessors.
B o n d P rop osals a n d N e g o tia tio n s.—We have re
neived through the week the following notices of londs
recently negotiated and bonds offered and to be offered for
'ale.
Batavia, N. Y.—George E. Perrin, City Clerk, writes us, in
reference to the $23,000 of electric-light bonds voted last June
and soon to be issued, that the loan will bear interest at the
rate of 4 per cent.
Baltimore, Md.—(S t a t e a n d C i t y S u p p l e m e n t , page 74).
—The Baltimore Court House Commissioners have had a res
olution under discussion that an enabling_ act be secured from
the Legislature for the issuing by the city of $1,000,000 of
bonds, or as much of that amount as may be necessary for the
construction of the new court house.
Bath, W. Ya.—Bids will be received on January 0, 1894, at
the office of Mayor John H. Buzzerd for $10,000 of 6 per cent
water-works and electric-light ootids to be dated December 1,
1893, and run for 15 years, with option of call after 10 years.
Principal and interest will be payable at the Bauk of Berkley
Springs, Bath, W . V;o The securities are to be issued in aid
of the construction of water works and an electric-light
plant now in. process of erection by the Berkley Swings
Water Works & Improvement Company. The total in
debted ness of Bath, including this issue, is $13,000, the assessed
valuation of real and personal property is $385,000 ana
the actual value about $600,000. The population in 1890
was 1,529,
Bexar Comity, Tex.—(S t a t e a n d C i t y S u p p l e m e n t , page
177.)—It is reported that $69,000 of 6 per cent 40_-year court
house bonds will be issued in addition to the $115,000 which
have already been offered for sale.
B elleville, Ky.—(C h r o n i c l e , Vol. 57, p .-1009.)—City Clerk
Charles L. Harrison writes us that the 6 per cent 10-year
street bonds which are being issued from time to time are
taken by tbe First National Bank of Newport, Ky., at 102?^.
On December ILth $600 of these securities were issued and
on January 8th $4,900 more will be issued.
j
Bridgeport, C o n n .— (S t a t e a n d C i t y S u p p l e m e n t , page
37.)—It is reported that the Bridgeport Common Council has
decided to issue on January I, 1894, four per cent twenty
year bonds to the amount of $500,000.
( hicago Sanitary District, 111—(State and City Supple
ment, page 92.)—On December 18th bids were opened fo
$3,000,000 of 5 per cent bonds of the Sanitary District of Chi
1054
THE
CHRONICLE.
[V o l . L V I I.
capo. Messrs. Blair & Co. of New York offered 100% for
Hudson County, N . J .— (S t a t e a n d C i t y S u p p l e m e n t ,
§2.500,000, wiih option to take the remainder ; N. W . Harris pige 6 i.)—Hudson C rnntv 4 % per cent binds to the amount
& Co. bid par and premium of $53,817 ; First National Bank, of $285,000 were sold to the Mutual Life Insurance C mipany
par and $21,300 premium for -$1,000,000, with option on re of New York on the 14th of last month at par, the transac
mainder. A t the time of our going to press no advice had tion being negotiated by Messrs. Ben well & Everitt, of this
been received of the award, but it is supposed that the bonds city. The securities are described as follows.
will be secured by Harris & Co. They are of the denomina
LOANS—
W h en D u e.
LO A N S W h en D u e.
P ublic R o a d B onds —
B r id g e B on d s —
tion of $1,000 each and will mature at the rate of $150,000
yearly from January 1, 1895, to January 1, 1914, both inclu •l'fls, J&J, $ 1 8 5 ,0 0 0 .. .Jan. 1. 1923 4>2g, M&3, $ 1 0 0 ,0 0 0 .Sept. 1, 1 9 1 8
The public road bonds complete the sale of $1,000,000 so
sive, and interest will be piyable J. & J. On the 10th of
October, i892, a 5 per cent serial loan of this sanitary district far issued and expended for that purpose. This sale was
to the amount of $2,000,000 was issued and sold for a premium erroneously reported previously as City of Hoboken bonds.
of $30,250 aud accrued interest.
No other securities have
H um boldt, Tenn.—A t a second election held at Humboldt
been issued.
on December 7, to vote on issuing $10,500 of water-works
Cincinnati, Ohio.— (S t a t e a n d C i t y S u p p l e m e n t , page bonds, the proposition failed to carry.
78.)—The street improvement bonds which were offered for
Jacksonville, F la .— (S t a t e a n d C i t y S u p p l e m e n t , page
saleon December 13, to the amount of $170,680, were awarded 163.)—It is reported that the Supreme Court of Florida has
to the Atlas National Bank of Cincinnati at 103%. Follow sustained the validity of the action recently taken by the city
ing is a list of the bids received :
in favor of issuing public improve neat b in d i to the amount
B id .
of $1,090,000. The bonds are to be issued for various purposes,
Atlas National BaDlt of Cincinnati...................................................... 103 375
as follows:
. Kulm & Sons of Cincinnati................................................................. 102-11
8
Western German Bank of Cincinnati........................................ ..
German National Bank of Cincinnati................................................
R Klevbolte & Co. of Cincinnati........................................................
Citizens’ National Bank of Cincinnati ..............................................
Seasongood & Mayer of Cincinnati......................................................
101'50
102 52
10157
10 >'21
102-52
The bonds bear interest at the rate of 5 per cent, payable
semi-annually, and mature part yearly from November, 1894,
to November, 1903.
Cleveland Co., N. C.— (S t a t e a n d C i t y S u p p l e m e n t , page
162.)— The county of Cleveland has canceled $70,000 of bonds
which were issued in aid of the Southern A ir Line Railroad
as the project has been abandoned.
Columbus, Ohio.— (S t a t e a n d C i t y S u p p l e m e n t , page 80.)
— John M. Doane, City Clerk, notifies the C h r o n i c l e that the
sale of bonds advertised to take place on December 20 will
not be held, the trustees of the sinking fund having decided to
take the bonds. The loans referred to are: Jones Place Avenue
improvement bonds to the amount of 10,000; Town Street im
provement bonds to the amount of $18,000, and Avondale
Avenue improvement bonds to the amount of $15,000. Each
loan is dated September 1, 1893, bears interest at the rate of 6
per cent, payable semi-annually, and matures in ten years,
with an option of call after one year, both principal and inter
est being payable at the office of the City Treasurer.
D allas, Tex.— (S t a t e a n d C i t y S u p p l e m e n t , page 177.)—
J. F. Caldwell, City Auditor, notifies the C h r o n i c l e that the
$100,000 loan known as “ Dallas city general improvement
bonds, issue of November 1, 1893,” was sold on November 30
at a premium of $1,380 and accrued interest, the bonds to be
delivered in lots of $25 0C0 down and $25,000 in 30, 60 and 90
days, with privilege of taking them “ a little faster.” The
loan bears interest at the rate of 6 per cent, payable semi
annually on May 1 and November 1, at the New York Se
curity & Trust Company, and will become due iu ten or
twenty years, at the option of the city.
D etroit, Mich.— (S t a t e a n d C i t y S o p p l e m e n t , page 98.)—
Sealed proposals will be received until December 22 bv C. W .
Moore, City Controller, for the purchase of $150,000 of public
school bonds, $100,000 of park improvement bonds and $600,000 of electric-light bonds. They are all 4 per cent 30-year
gold bonds of $1,000 each, with interest payable semi-annually,
both principal and interest being payable in New York.
Easthampton, Mass.— Joseph W . W ilson, Town Treasurer,
writes the C h r o n i c l e that the citizens of Easthampton,[includ
ing the town officials, are desirous of issuing bonds to fund
the town’s indebtedness, which amounts to between $60,000
and $70,000. H e states, however, that the town must first vote
in favor of petitioning Ihe Legislature for authority to issue
the bonds, and an article to tnat effect will therefore be in
serted in the town warrant for the annual meeting in March.
Fitclibnrg, Mass.— (S t a t e a n d C i t y S u p p l e m e n t , page 24.)
City Treasurer G. E. Clifford reports to the C h r o n i c l e that
$35,000 of 4 per cent 10-year water bonds have been disposed
of at private sale. The Treasurer knows of no further issues
that will be offered in th^*market this year.
Galveston, Texas.— (S t a t e a n d C i t y S u p p l e m e n t , page
178.)— The City Council of Galveston, Tex , has authorized
the Finance Committee to consummate the sale of $100,000 of
city bonds to St. Louis parties, who had contracted to take
the securities at par less a commission of 2 % per cent. A u
thority was also granted for the issuance and sale of addi
tional bonds to the amount of $300,000. The securities be
long to what is krown as the “ Limited Debt Loan.” They
bear interest at the rate of 5 per cent per annum, and run for
40 years, with option of call after 20 years.
Gloucester, Mass.— (S t a t e a n d C i t y S u p p l e m e n t , page 25.)
— The city of Gloucester offered for sale yesterday a note for
$4,500 dated December 1, 1893, bearing 4 % per cent interest,
payable semi annually and falling due December 1, 1903.
Griffin, Ga.— A t an election held on December 6th the peo
ple of Griffin, Ga., voted to issue bonds to the amount of $16,000 for a city lighting system. The loan will bear interest at
the rate of 6 per cent, payable semi-annually on J a n u ir y l
and July 1, and will mature at the rate of $1,000 yearly from
Jan. 1, 1901, to Jan. 1, 1916. Both principal and interest will
be payable in gold at the office of the City Clerk and Treas
urer, or at the banking house of N. W . Harris & Co., New
York City.
Water-works exten sion ...$2 2 5 ,0 0 0
R elanding............................. 2 0 0 ,0 0 0
Sewers ................................ 1 7 5 ,0 0 0
Streets and parks............... 17 5 ,0 0 0
City buildings............. . . $ 1 0 0 ,0 0 0
Electric ligiits.....................
7 5 ,0 0 0
Bulkheading ....................
2 5 ,0 0 0
2 5 ,0 0 0
Fire department.................
Jersey City, N. J.— (S t a t e a n d C i t y S u p p l e m e n t , page 6 0 .)
—The following is a list of the bids received on December 14
for Jersey City 5 per cent City Hall gold bonds offered for
sale on that date.
Blair<fc Co., for $ 2 5 0 ,0 0 0 due 1 9 2 3 ..................... ........................
Blair & Co., for $ 5 5 0 ,0 0 0 (entire issue)..............................................
Wm. Clarke & Sous, for $10 1 ,0 0 0 .
.........................................
Mary A. Garwood, for $ 1 0 ,0 0 0 , due 1 9 1 3 ............. .............................
Mary A . Garwood, lo r $ 1 5 ,0 0 0 due 1 9 2 2 ..................................... .......
Marj A . Garwood, for $ 2 5 ,0 0 0 , due 192 3 ..................................... .......
Bid.
102 0 3
10132
1 0 0 '2 5
100-00
1 0 1 '5 0
1 0 2 -0 0
Blair & Company’s bid for the entire issue was accepted.
The bonds are to be dated January 2, 1894, interest payable
J & J., and principal due at the rate of $2 >,000 yearly from
January 1, 1913, to January 1, 1922, both inclusive, and the
remaining $350,000 on January 1,1923. Securities of this loan
to the amount of $250,000 will be delivered January 2, 1894,
and the balance agreed upon between the board of finance and
the purchasers.
K lick ita t County, W ash .— County Auditor Simeon Bolton
writes that bids for the purchase of 20 year county bonds tothe amount of $27,700 will again be considered on the first
Monday in January. Bidders must state the lowest rate of
interest not exceeding 6 per cent for which they will pay par.
The securities were previously offered for sale on November
15th, at which time no satisfactory proposals were made. The
county has no bonded debt at present and its assessed valua
tion for 1893 is $1,847,251.
Lincoln, Neb.— ( S tatic a n d C i t y S u p p l e m e n t , page 122.)—
The Common Council of Lincoln, Neb., will open bids on the
evening of December 19th for $900,000 of 6 per cent city re
funding bonds which were authorized by popular vote on the
fourth of last month. The securities will be dated January 1,
1894, mature January 1, 1914, and will be optional after
January 1, 1904. They will be issued in the denomination of
$1,000 each and will be payable in New York City, A certi
fied check for $1,000 is required to accompany each bid.
The City Clerk's advertisement will he fou n d elsewhere in
this Department.
Massachusetts.— (S t a t e a n d C i t y S u p p l e m e n t , page 18.)—
Four bids were opened on Thursday for the 3 % per cent State
of Massachusetts loan to the amount of $5,000,000 as follows :
Lee, Higginson & Co., Boston, for $700,000, at prices
ranging from par and accrued interest to $1,002 60 for each
thousajjd dollar bond.
New York Life Insurance Company of New York for $1,000. 000, at par and interest.
Blake Bros. & Co , Boston and New York, for whole or
none, at $ 1,021 50 and interest.
Drexel, Morgan & Co., New York, whole or none, at
$1,031 77 and accrued interest.
The bonds were awarded to Messrs. Drexel, Morgan & Co.,
of New York.
The whole loan is $5,900,000, bearing interest at 3 % per
cent per annum, principal and interest payable in gold, and
bonds to run twenty years from August 1, 1893. They are to
be registered or coupon, as desired. The loan is made under
authority of Chapter 408 of the Acts of 1893, its purpose being
to purchase fr >m the several sinking funds holding them the
Fitchburg Railroad bonds taken by the State in payment for
the Hoo-ac Tunnel, which was sold to the Fitchburg road.
These Fitchburg bonds were 50-year bonds, dating from Feb.
1, 1887, and bearing interest for five years from that date at
3 per cent per annum, five
years
more ad 3%
per Jj| cent and
the
remaining
forty
years
at 4
per cent.
Having three more years to run at
3%
per cent,
it
was
difficult
to sell
them
at any
satisfactory price, and as a portion of them at least must be
turned into cash at an early date to furnish money to pay the
maturing loans for which they formed a part of the sinking
funds, it was directed by the Legislature last summer, in the
Act referred to, that this loan be issued, the proceeds to be
used to purchase the Fitchburg bonds from the funds hold-
THE CHRONICLE.
Decembbr 16, 1893,]
i»g them, and putting them by themselves aa a sinking fund
for the loan just made and to he soid only by authority of the
Legislature, The Commonwealth also received in payment for
the Tunnel fl.OOO.OOQ of common stock of the Fitchburg Rail
road. This is carried on the State Treasurers books as of no
value, and what it is worth is uncertain. The law referred to,
however, puts it with the bonds into the sinking fund for this
loan, which is denominated the “ Fitchburg Railroad Securi
ties Loan.”
Missouri.—(S t a t e a s p C i t y S u p p l e m e n t , page 1 1 1 ) -No
lice has been given that 214 of the
per cent 5-20-year
bonds of the State of Missouri dated march 1, 1881, and
numbered from 1,601 to 1,814 inclusive, are called for pay
ment. They will be redeemed on presentation at the Na
tional Bank of Commerce, New York, or at the American
Exchange National Bank of New York City, on December 30,
1893, on and after which d ite interest on the bonds will c-ase.
Montgomery, Ala.—(S t a t e an d Ci t y S u p p l e m e n t , page
170.}—City Clerk R. B. Snodgrass will receive sealed proposals
until January 15 for Montgomery city bonds to the amount of
1250,000. Offers may be made for 5 and 5}£ per cent 40-year
bonds and for 6 per cent 30-year bonds. A n a d vertisem en t
IUi 5
Fund Commissioners, which will leave about $3,000,000 to be
disbursed. Oa Jan. 1, 1895, there will be $1,100,600 and on
Jan. 1, 1896, $3,405,100 of city loans redeemed, making a to
tal of over $15,000,000 in the next two years.
Providence, R. I .—(State a n d City Supplement, page 34.)
—Cii y Treasurer D. L, D. Granger reports to us that for the
present no bonds will be issued under the authorized loan of
§300,000 for a site for the new State House, but that ths
money will be borrowed temporarily on the city’s note.
Rochelle, Ga.—This town has been authorized by the Leg
islature to issue bonds. T. T. Martin, Clerk of the Town
Council, writes us however, that before the bonds can be
issued a vote will have to be taken.
Sanford, Fla.—Sanford has voted to issue bonds to the
amount of $45,000 for schools, lighting, paving and funding
the floating indebtedness.
Sliclbina Special School District, Mo,—Jno. M. McCauley,
President of the Board of Education of this district, writes us
that bids will be received until December 23 for the purchase
of 6 per cent 5-15 year bonds to the amount of f 10,000. The
bonds are of the denomination of $1,000 each.
g iv in g fu r th e r in fo rm a tio n in reg a rd to th is bond offerin g
Tipton County, Ind.—County Treasurer George W . Myerly
reports to the C h r o n i c l e that on December 5 $150,000 of
w ill be fo u n d elsew h ere in th is D ep a rtm en t,
County Court House bonds were sild to Messrs. Spltzer &
Philadelphia. P a—(S tate and City Supplement , page Co., of Toledo, Ohio, at par, accrued interest and a premium
6 9 . The City Council’s sub-committee on finance recently of $825. Eleven bids were received for the securities as fol
made a report in which the creation of two loans was recom lows :
mended. one for fl, 100,000 and another for §4 500,000 It is Indiana Trust Co............................ bid par flat and premium o f $1,256.
proposed to use $910,000 of the proceeds for improved pave Gev. A Lewis & Co., C hicago,.........bid par flat ana premium of $400.
ments, $750,000 for new schools, 1500,000 for extending the A. G. Pondyke. Indian apolis.... ............................................. bid g g j g
Minois Loan & Trust Co., Chisago.............................................. bid 98
gasworks, $800,000 for extending the water works, $1,000,000 Wm.
B. Burford, Indianapolis..................................................... bid 97
For main sewers, $600,000 for ne w bridges, $340,00J for bridge N. W. Harris it Co., Chic vo ..................................................... bid 98 9-10
W , J. Hayes & r a n , C le v e la n d ................... ...............................bid 987s
at Falls of Schuylkill and $600,000 for branch sewers.
It b also reported from Philadelphia that the Farmers’ & Parson, Leaen & Co., < liioago ................................................... bid 99>«
Lamprai-bi Bn.-, ,v- c o ................................. ..............................bid 96%
Mechanics’ National Bank will, on Jan, 1, redeem the city A. P. Kuril say. CrawfordsviUr, 1*8 .,..b id lOO", and accrued interest.
loans falling due on that date. The amount is $4,263,600 6 Spltzer & Co.. Toledo, O , bid par, accrued interest and premium of
* 8 SS.
per cento and $400,000 of 4 per cents, making a total of S4,663,600. Of this $2,600,000 of the 6s are held by the Sinking j Tne bonds bear 5 per cent interest, payable semi-annually
NEW
N E W LOANS.
N E W LOANS.
$ 2 5 0 ,0 0 0
LOANS.
$ 1 0 0 ,0 0 0
City of M ontgom ery, Alabama,
BONDS.
C IT Y O F O M A H A , N E B .,
5 Per Cent
MUNICIPAL
BONDS
FOR INVESTMENT,
~ 8*>«le«l Brnpoaal* will be received at the oUloe Of
B. B Sa<>d«n«. CMyOlwk o f tne City o f MojutggNB, AUbuniu. nsiil i- o'clock M . o n M o n d a y
.wry I S t o . l * u . f o r » . - A C i t y o f M o u t s o im vry
FOFt SALE BY
boon#, or any portion thereof not leas than so.ooo.
Prup*s»*]* to be made for live sad are and a
half psr cent, forty-year bond* and fur nix nor cent
sMrtr-yew bond*.
Said bonds are Mttborued by spetda! act of the
Legislature o f Alabama. Approved February 17th. if W A L L S T R E E T ,
NEW Y O K E .
Improvement Bonds.
S
P A R T IC U L A R S
UPON A P P L IC A T IO N
Farson, Leach & C o.,
The rhtbt to reject any or all bid# 1* reserved.
Application for tmt.riunuun will be addre**ed to
THOU. H, CARR.
Chairman Committee on Financ,
$ 9 0 ,0 0 0
Lincoln, Nebraska, Bonds.
I On Tuesday evening, December tw. 18»3, iha city
Connell of UucbiB, N<».. will otter fur sale the
« percent, MNWtX l«* r fnn-’ ing bonds of the
city a t Lincoln (one thousand dollar# each), one
thousand dollar certified cheek to aecwmpany each
6'c>mn«ll reserves ibe right to adjourn sale or ro-
lv. turn am!all bt •*. H-iia# will ne sold subject to
tis.tr l-aaltty. and redemption optional after ten
rears, & » 4 » dated January 1. tot**, and payable in
J. W. BOWEN,
City Clerk.
MUNICIPAL SECURITIES
or
P IT T S B U R G
AM D
V IC IS fJ T l
D e a lt In by
fas. Carothers,
J;
9 0 F O U R T H A V K .» P I T T S B U R G . F A .
DU N U O
o n i i n o
4«0 TO 6%
YIELDING AN INCOME OF
CITY, GEO. A. LEWIS & CO., Bankers
COUNTY
132 LASALLE STREET,
SCHOOL
* * * » fO * lists .
AUGUSTUS
C H tC A G O ,
FLOYD,
INVISTMENT SECURITIES,
12
P IN E S T R E E T ,
NEW
FORK,
C H IC A G O , I L L .
MEMBERS OF THE NEW YORK AND BOSTON
STOCK EXCHANGES.
CHOICE INVESTMENTS
DEALERS IN COMMERCIAL PAPER.
IN
Street Railroad and
Mu nicipal Bonds.
PRICES TO SUIT THE TIMES.
Corrreapondenee invited.
Blake Brothers & Co.*
2S S T A T E
5
N A SSA U
STREET,
S T .,
BOSTON,
NEW
YORK.
Lamprecht Bros. & C o.,
4 5 W A L L S T ., N E W F O B K .
CLEVELAND.
Rudolph Kleyboite & Co.,
BOSTON.
IN V E S T M E N T
B A N K S
RANKERS,
3 0 W e st T h ir d S treet,
D e sirin g c h o ic e *!ioi*t*time c ity and first
m o rtg a g e R a ilr o a d B on d s, n ettin g from
$ p er cent to 7 p er cen f,*to ta k e the p lace
o f co m m e rcia l p ap er, a r e in v ited to w r ite
o r te le g ra p h fo r lists a n d p rice s.
C. H. V / H I T E & CO.,
C in cin n ati, O h io.
Choice Investment Bonds of Cities,
Counties and, School Districts.
LISTS MAILHD UPON APPLICATION.
BAN KERS,
Fit B R O A D W A Y ,
-
NEW
YORK.
T H O M A S B R A N C H & CO.,
BANKERS AND BB0KKB8,
R IC H M O N D , V IR G IN I A .
te.M tm .nt Bwruritt«a Bpeoialty. Priv»t« Wire
V>N*w Tort.
Edward M orton & C o .?
53 Broadway, New Y ork
S p e c ia lt ie s :
- M U N IC IP A L ,
STR E E T R A IL W A Y BONDS
B A N K STOCKS.
1056
THE
CHRONICLE.
(J. & J.) at the Third National Bank of New York City, and
they mature as follows :
$ 3 ,0 0 0
2 .000
2 .000
3 .0 0 0
4 .0 0 0
5 .000
July
July
July
July
July
July
1, 1806.
1. 1807.
1, 1898.
1. 1899.
1, 1900.
1 ,1 9 0 1 .
$ 6 ,0 0 0
6 .0 0 0
7 .0 0 0
8 .0 0 0
9 .0 0 0
10,0 0 0
July
July
July
July
July
July
1 ,1 9 0 2 .
1, 1903.
1, 1904.
1. 1905.
1, 1906.
1 ,1 9 0 7 .
$ 1 1 ,0 0 0
12.000
1 4 .0 0 0
'5 ,0 0 0
16.0 0 0
1 7 .0 0 0
July
July
July
- uly
July
July
1, 1908.
1 ,1 9 0 9 .
1 ,1 9 1 0 .
1, 1911.
1, 1912.
1, 1913.
The above issue constitutes the total bonded debt of the
county, and the assessed valuation for 1892 was $8,214,4115,
the estimated real value being $12,000,000. The population in
1890 was 18,066,
Wenatchee School D istrict, Wash.— Bonds of this district
to the amount of $10,000 have been sold at 101.
W inton I’ l 'CC, Ohio.— The citizens of Winton Place will
vote on December 30 on the proposition of issuing $25,000 of
water-works bonds.
Wood County, Ohio.—W e are informed by J. B. Wilson,
County Auditor, in reference to the sale of $60,000 of Court
House bonds which took place on December 5, that the loan
was awarded to W . J. Hayes & Sons for $61,828.
Thirteen
bids iti all were received, which were as follows :
W . J. Hayes & So ds ............................................................................... $61 ,8 2 8
Atlas National B ank............................................................................. 61,8 0 0
Spttzer & Co ...................... ............................................... ..................... 6 ',3 2 9
Lampreclit Bros. & Co........... - ........................................... ............... 61,3 1 5
Z. T. L e w is..................................................................................... . . . . 61,3 1 0
Seasonyood & Mayer...................................................................... ....... 6 1 ,2 2 7
Rudolph Kleyholce & C o............................................ ....................... 6 1 ,2 2 6
N . W . H an Is & Oo................................................................................. 61,2 0 3
Commercial Banting Co., Bowling Breen, O ...................... . . . 6 1 ,1 9 0
Dietz Demmon & Bros.......................................................................... 61,1 2 8
C. T. Hannian ......................................................................................... 60.7 5 0
E. H. Rollins & Sons.............................................................................. 60,333
Farson, Leach & C o ............................. .............................................. 60 200
00
00
00
00
00
50
00
00
00
75
00
00
00
The bonds bear interest at the rate of 6 ppr cent and become
due at the rate of $6,000 semi-annually from March 1, 1895,
to September 1, 1899. Both interest and principal will be
payable at the office of the County Treasurer.
Youngstown School District,[Ohio.— Bids will be received
by the Board of Education of Youngstown School District
until December 18, for the purchase of $15,(100 of school
bonds. Interest at the rate of 6 per cent will be payable
M ISCEL LA NEO US.
semi-annually, both principal and interest being payable at
the office of the Treasurer, and $10,000 of the bonds will ma
ture April 1, 1897, and the remaining $5,000 September 1,1898.
STATE AND CITY DEBT CHANGES.
Y e subjoin reports as to municipal debts received since the
ast publication of our S tate and C it y Supplem ent
Some of these reports are wholly new and others cover items
of information additional to those given in the Supplem en t ,
and of interest to investors.
Connecticut— Sim sbury.—A . S. Chapman, Treasurer.—The
statement of Simsbury’s deb", valuation, etc., as given below
has been corrected by means of the official report for the year
ending September 30, 1893, which has just been issued. The
report shows that the total treasury receipts for the year were
$20,977, of which $14,633 was from tax receipts and $2,000
from the temporary loan account. The expenditures amounted
to $17,838, of which $2,855 was for interest charges and $4,000
for bonds and temporary loans paid. At the end of the year
the balance in the treasury was $3,140.
This town is in Hartford County.
W h e n D u e . Net debt Oct. 1, 1 8 9 3 .... $40,600
LOANSE a ii . hoad B onds—
T ax valuation, rea l......... 640,903
4s, J & J . . $ 3 0 ,0 0 0 ..July 1, 1894 T ax valuation, p ersonal. 540,791
($2,000 yearly) to July 1 ,1 908 T otal valuation 1892___1,181,694
4s, J & J . ...$ 4 ,0 0 0 ..July 1 ,1 9 0 9 Assessment about "3 actual value.
Bonded debt Oet. 1 ,1 8 9 3 ..$ 3 4 ,0 0 0 Total tax (per $1,000) ’92 $14-00
Floating debt....................... 13,392 T ax valuation 1891......... 1,105,237
Total d ebt............................. 47,392 Population in 1890 w a s.........1,874
Sinking fu n d ........................ 6,792 Population in 1880 w a s.........1,830
TAX FREE.—A ll bonds Issued by tins tow n are exem pt from taxation,
INTEREST is payable at the H artford N ational Bank.
District of Columbia and Late Corporation of Wash
ington.— (State a n d Cit y Supplem ent , page 75.)—This
statement concerning the finances of the District of Columbia
and the late Corporation of Washington has been corrected to
M ISCEL LA NEO US.
W M . FRANKLIN HALL
BOOKS A C C O U N T A N T AU DITED
E x ch a n g e
B a n k in g
&
T ru st
C om p an y,
Settlement of Insolvent Estates.
CHARLESTON, S. C.
418 Exohange Building, 53 State Street, Boston
P a id -u p C a p ita l,
$ 1 0 0 ,0 0 0
A u th o r iz e d C a p ita l,
Si,OOO,OOO
T r a n s a c ts a G e n e ra l B a n k in g and T ru st
B u sin e ss. In te re st A llo w e d on D e p o sits .
O .
O s g o o d ,
M. Am. 8oc. C. E.,
C O N S U L T IN G E N G IN E E R ,
120
BROADW AY,
NEW
YORK.
Makes specialty of reports on railroad* and other
Investment properties.
Examinations made in any part of the country.
E DM U N D
C o n s u ltin g
B.
K IR B Y ,
M in in g
E n g in e e r
m e ta llu r g is t,
and
No. 9 Windsor Hotel Block, Denver, CoL
SPECIALTY.—The Expert Examination of Minirg
Investments and MetallurfirtuHl He ter prises.
J o s .
C .
P la t t,
C .
E .,
i
M ISCELLA NEO US.
INVESTMENTS IN THE SOUTH.
New forms designed for books of account.
J o s .
[You LVII,
INVESTMENTS MADE IN SAFE AND RELI
ABLE IiNTKRESr-PAVliNU SOUTHERN SE URLTJES, AND FI*'ST MORTGAGES ON IM
PROVED REAL ESTATE IN CITIES.
Correspondence solicited as to all Southern Invest
ments. Being within easy reach of all parts of the
South, thorough and cireful investigation for
purchasers can be made of all investments.
O F F IC E R S .
TUB
L e w is
C A P IT A L P A I D U P ,
E x a m in a tio n s*
S u p e r v is io n .
R e p o r ts
G iven & Sicard,
M echanical and C ivil Engineers.
General Engineering. Drawings. Patents. Specifica
tions. Engine Tests. Plans and Reports,
Supervision of Construction.
9 2 5 C H E S T N U T S T ., P H I L A D E L P H I A
C o m
m
R .
V o s s ,
e r c ia l
1150,000.
W. A. HOTCHKISS,
DEO. H. LEWIS,
Secretary.
President.
G e o . M
BOND
.
AND
H u s t o n
STOCK
&
C o .
DEALERS.
We buy and sell outright all Western
Municipal Bonds and Stocks.
We
cheerfully furnish full and reliable in
formation concerning any W estern se
curity without charge. Monthly quo
tation circular mailed to all applicants.
New issues of municipal bonds wanted.
30 5 P I N E S T R E E T , S T . L O U IS , M O ,
P a p e r ,
Bonds, Stocks and Investment Securities.
W
.
J .
H a y e s
N e b r a s k a .
SECURE SANK VAULTS.
&
S o n s ,
BAN KERS,
508 FIR8T NATIONAL BANK BUILDING.
O m a h a ,
-
F ifteen Y e a r s ’ S u ccessfu l E x p e rie n ce .
Send fo r P am ph let.
C O N SU LTIN G E N G IN E E R
G .
o .,
Q iy p r n
f t p y j Guaranteed First Moriu l A I E l l U E H I gages on Improved lands
In Iowa and Eastern Nebraska. Safe and Desirable
D IR E C T O R S .
3 5 W a ll S t r e e t ? N e w Y o r k ,
A n d W a t e r fo r d , N. Y .
C
C hoice Investm ents In the m ost '^ u s e r v a *
tlv e F ield in th e W e s t ’
GEO. B, EDWARDS, President.
P. N. PICKENS, Cashier.
R. E. MUCKENFU'S, Secretary and Treasurer
J. LAMB PERKY, Solicitor.
8MYTHE & l EE, General Counsel.
A. 8. J. Pe r r y , of Johnston, Crews & Co., wholesale
dry goods.
W illiam M. Bir d , of Win. M. Bird & Co., wholesale
paints and oils.
Jam us A llan of James Allan & Co., Jewelers.
J. II. F. Koenig , with Knoop, Frerichs & Co., cotton
exporters.
G eo. B. E d w a r d s PreB. Electric-Light & Power oo
I n v e s t m e n t
D E 8 M O IN E S, I O W A .
Dealers in MUNICIPAL BONDS.
Street Railway Bonds and other high grade In
vestments.
3 1 1 -3 1 3 S u p e r io r s t ^
i 0 W all Street,
7 Exchange 1Mac ,jOMon
New York.
SEARS & W H I T E ,
Cable Address, ‘'KENNETH.”
Successors to
EUGENE R. COLE,
S T A T IO N E R S A N D
M
P R IN T E R S .
Supply Banks, Bankers, Stock Brokers and Cor
porations with complete outfits of Account Books
and Stationery.
New concerns organizing will have their
orders promptly executed.
Vo. I W IL L IA M S T R E E T
THE WALL STREET JOURNAL.
An invaluable financial daily; $5a year. Sample c<
ree. DOW, JONES & CO., Publishers, 41 Broad
O
R T G
WELDED CHROME STEEL AND IRON
n Round and Flat Bars and 5-ply Plates and Ang«»ft
FOR SAFES, VAULTS, Ac.
Cannot be Sawed Cut. or Drilled, and positively
Burglar-Proof.
C H R C t t lE S T E E L W O R K S ,
B R O O K L Y N . N. Y .
Sole Manners in the U .8.
A G
E
L O A N
S
IN
GENUINE
T E X A S .
0 P er C ent and 7 P e r Cent Net.
NO COMMISSIONS charged borrower or lender
until loans have proven good.
F R A N C IS
S M IT H
&
SAN A N T O N IO , T E X A S .
C O .,
THE CHRONICLE,
December 18, 1303. j
1057
October 1, 1898, by means of a report received from D. N.
Morgan, United States Treasurer.
Indiana,—(S t a t e a n d C i t y S u p p l e m e n t , page 8 6 .)— A
special report from State Treasurer Albert G a ll enables us to
On July 1 ,1 3 7 8 , the duties o f the Sinking Fond Commissioners o f the correct to date our statement of Indiana’s indebtedness. On.
D istrict o f Columbia were transferred to tlie Treasurer o f the United the first of April of this year the State debt was reduced
States, and since that date Congress lias appropriated annually a sum
8310,000 by the payment of a 3 per cent registered temporary
sufficient to pay not only tlie interest on the D istrict’s bonds but also,
it is believed, sufficient to extinguish t i e entire debt o f the District upon loan for that amount. The obligations of the State outstand
ing at present are described in the following tabular state
the m aturity o f the 3-65 per cent loan, in 1924.
LOANS—
— Interest. —
------ Principal.-------- . ment.
NAM E AND P U R P O SE .
D is t r ic t o f C o l u m
P - C t. P a y a b le .
b ia
W h en D u e .
O u ls U m tfg .
F O R E IG N D E B T .
—
' Slfty-vr. funding 1874 c i. r 3'65 F *
i Refund'* res. bond- 1891 r 3 D J As$ l0 0 .3-500 and $1 ,o00 each. > Subject
Ten-year funding....... 1891 r
3D J &
[iW B t;
‘
- ;
,1 ,Y
Water stock. ............ 1871 e 7
J A
do
..................1873 c 7
J A
L a w CORPORATION of W.v-!i!Ni;i\>>~
Thirty-year funding. .1872 e 9g M &
LOANS—
NAME AND PURPOSE.
A au k , 1, 1924 $14,033,000
J July 1.
1901
2,168,000
to call at any time.
279.000
J Ju ly 1, 1902
J
7SI.400
334.000
J Oct. 1. 1901
J July 1. 1903
14,000
X X ov. 1,
1902
571,100
‘ The faith o f the United Sta te* was pied get! to secure the payment o f
the Interest on these bonds an d to m aintain a sinking fund sufficient *o
redeem them ati by maturity. The issue is limited to $15,000,000 and
is exempt from taxation by Federal, State or m unicipal authority. The
coupon bonds are for $50 and $500 each, the registered bonds $1,000
and $5,000 each.
» These bonds b a re the saute guaranty as the 3-65 p er cent bonds.
INTEREST on the bonds ia paid at the. United States Treasury in
Washington and at the Sub T reasury in New York.
TOTAL DE B T-—The subjoined statement shows the District's total
debt on the 1 st o f October, 1893. and on the 1st o f January, 1893,
1392 and 1891.
Or#. 1,1893. J a n . 1,1893. J a n . 1.1882. J a n . 1.1891.
Total fund, debt .$18,192,200 $19,649,900 $19,133,400 $19,583,050
sinking funds _
........................................................ ..........
409,158
On July 1 ,1 8 7 8 , when the duties o f the Sinking Fund Commissioner*
o f the District were transferred to the Treasurer o f the United State*
the total debt was $23,106,650.
ASSE8SE0 V A L U A T IO N .—The D istrict's assessed valuation and
tar. rate ;U different periods have been as fo llo w * :
Year.
1 *>><i ,x:.\
deal Estate.
Personal
Property.
i.s9 1 i$ I4 1 ,t9 M .4 flI
fll.li'.lT .lih t.)
188*.. ............... 115,485,353
1885....................... 93,491,991
11,728,872
12,715,686
$15.00
137,214.035
106,307,577
15,00
16.09
3
School H ou se........ ...............r.
Stock certifleates........... - ..........
Do
do
......... .............
Temporal's loa n ..................... r.
Do
’ do ...................... r,
Do
do ....................... r.
■ Do
do ....................... r.
Do
do .......................r.
Do
do ................. ......r.
Do
do .................... .r.
3%
int.
int.
34,
M AN
ceased
ceased
A & O
ZH
M A S
31® M & S
3h, A & O
3
A & O
3
A & O
3
M A S
DOM ESTIC
.------- - P r i n c i p a l . ------— .
W hen D u e,
O u ts ta n d ’g.
& D J u n e 18 ,190 9 $3,905,000
May 1,1895
past Sue
past due
A pr. 1,1895
Meh. 1.1895
Meh. 2 , 1896
Apr. 1,1901
Apr. 1,1894
Apr. 1,1899
Sept. 20,1899
500,000
4,470
2,145
585,000
600,000
300,000
340,000
370,000
700,000
700,000
D EBT,
IN T E R E ST and principal of foreign debt bonds payable at the office
o f Winslow. Lanier Se Co., New York.
T O T A L D E B T , Et c .—The follow in g statement shows Indiana's
total debt, the foreign and domestic debt, and the annual interest, on
the 1st o f November for the years indicated.
1893.
1892
1891
Foreign d ebt............................... $8,000,615
$ 8 ,3467615
$8,346,615
Dom estic debt ..........................
484,000
434,000
484,000
Total d elil...............................$8,490,615
Interest on foreign d ebt............. $251,625
Interest on domestic debt..........
24,200
Total annual interest..........
$275,825
$8,830,615
$261,825
24,200
$8,830,615
$260,125
24,200
$286,025
$284,325
ASSESSED V A L U A T IO N .—The follow ing table shows the total
Jjfvust Com panies.
r£ xttst ©ompauies.
IpnanciaX.
C O N T IN E N T A L
Minneapolis Trust C o.,
E W . Clark & C o .,
TRU ST
COM PANY,
18 W A L L S T R E E T , M. Y .
C A P I T A L AND S U R P L U S ,
Otto T. Ba n
na r k ,
W il l ia m a x je x a n d x r
Go r d o n M a c d o s t a l d ,
H a c r i c * 8 . DCCKCH.
.
.
s m it k
.
.
-
-
.
-
* 8 5 0 ,0 0 0
Prwtaeu
l * t Y lc e - P r e * '
Ed V l c e -P r e * 1
1 0 0 K a n o t a IlH ild in g :.
WOlSm
Cothran,
William Jay.
Alfrad M, Hoyt,
C A P IT A L ,
F u n d w i t h S ta te A u d i t o r ,
$ 5 0 0 ,0 0 0 .
100*000.
Haa no deposits; receives money on trust acetmnt
only. Burglar proof vaults. Wills kept sat el y with
out charge. Acts as executor, trustee and guardian;
executes trusts o f every description.
>C,PKri*b.
uordrns
Qirand Fsuter
Waiter Jmmiisg*.
T h e Nassau Trust C o
1 0 1 B r o a d w a y , B ro o k ly n , h . V .
C A P I T A L ........................................* 5 0 0 ,0 0 0
DIRECTORS.
W hitney & Stephenson,
BANlOfiRS AND BROKERS,
N o. 57 F O U R T H A V E N U E ,
Oldest Pittsburg members N. Y. Stock Exchange.
Missouri Kansas & Texas Henry Sproul & C o .,
78 F O U R T H
A V E N U E ,
Trust C o.,
KANSAS
b r a n c iT
SO W « ] S W NSW Y o r k .
C IT Y ,
HO,
es .
439 C hentrm t 8 L , PhllA.
A. D. Baird,
Darwin R. J;
r. B. Tattta.
J o b s T m sJow ,
D itm a * J e w e l],
». w , War*t«r.
B e r n a rd P e t e r s , J o h n L p u g b x a n ,
W m . B . H o r w ili, K d w a r d T . H o i s t ,
J , B. V O Q t h t m , iJ n o .M c L a u g b l fr ,
A . I ). W b M lo e iE . A . M . 8 a y d a m .
W
am
m. F
r.. G
Garnwu,;
a r riw r a ,}W
»» m . b . w
** ucwpav
b e e io c k*
, Ru«*eti iW w afr Seibert,
T h e A m e r i c a n D e b e n t u r e O o ,.
«£» BOOKEBT, CHICAGO*
At
m \ jmwddjk.
f-A PITA Is PAID l/f% -
-
i* m m Dehfniort* Botrtl# teeared fay bonH* o f Mu*
m t Watt?, Q m and fiailww Cttmmmlm.
M im n im tr a * i* fr o m
tndivU Iaa ia a n d c o r p o o r *
t e t i A m # - m a g e n t f o r t lm regl#tea£U m a n d tr&ns
itf.t o f M & d f a n d
a d d t h e jm fw e n l. o J
297 Heerangracht, Amstbrdmn, Hollaad.
ffiftris* ioteretl m 4. dlTSdend?.
M etropolitan Trust C o.,
3 7 & 3 9 W a ll Street, N ew Y o r k .
P aid -U p C ap ita l
........ . g l , 0 0 0 ,0 0 0
S w rplu *..
.......
8 0 0 ,0 0 0
Designated as a legal depositary hy order o f
Supreme Court. Receive deposits of money on in
terest, fM.it as nscai or transfer agent, or trustee for
corporations, and accept and execute any legal trusts
from persons or corporations, on as favorable terms
m other similar companies.
T t o o m s s H J O h ou se, P r e s , h r e d ’ k U . T a p p e n , V .-P r e
0 . M , J e s a p , 2 d V .-P r e s .
B e v e r l y C h e w , B eeretar.
G e o r g e D. C ontmr* A a eistanfe.S ecret,a rv .
George Eustis & C o.,
1SA\KER§
P IT T S B U R G , P A .
I ip f io
Ylem -Frm 'U .
W m . D ic k ,
P A .
ESTABLISHED 1871.
twpoelta receive,1 .object to check at eight, sad P A ID C A P I T A L .................... 8 1 ,3 5 0 ,0 0 0 01
H t e r w l a llo w e d on tbs roanltlng dally dalancea. S U R P L U S .................................
3 0 0 ,0 0 0 00
CertlBcafr- of depoelta leaned for time deposit*,
U N D IV ID E D P R O F I T S .....
7 0 ,5 3 3 0 0
on Which s p e cia l rate* win ho allowed.
Interest rni«irie»cea fro m d a te o f d e p o sit,
ARTHUR B. STII.WELL, Fra*.
a athorued by law to act as Executor, Adminietr»v>r. Committee. Onardian. Trustee. Receiver.
BOARD OP DIRECTORS.
f*«o*i and Transfer Agent, and aa Registrar o f Stocks W. P. Wood*.
C. A. Dean,
K, L. Martin.
and Bonds; to a lettal d e p o sito ry lo r T ru I I. Men. Trimble, A. B. Stffiwall.
. A- Mosher
K in d , and for moneys paid Into coort.
W.S. Taylor,
J.E. MoKeghan, . A* L lo y d ,
Loom* made on approved collaterals.
P. Merwin,
Chocks an this Company are payable through the C. E. Grannisa, A.
“ Heckscher,
Mac
... Wm. Waterali,
Nsw York aearbw-Honse.
Black,
W. H. Lucas,
W.. D. B
J?.
Dr. H. M. Howe,
IS* Henry B&rne*
John F. Drrd«sen, E. W. Marsh
A. D. WHEELOCK, Presidant.
& f!» K IC B A K D S O N , SecretaryTRUSTEE* i
P H IL A D E L P H IA .
Transact a general banking business. Allow
interest on deposits.
Members of the Philadelphia and New York Stock
Exchanges, and connected by prlvte wire with
Sew York.
P I T T S B U R G ,
S ea n U tn
W m . A l a x a a o e r n a iitb
R o b e r t O ly p h a n t ,
J o h n C. H a vem eya r.
O t t o T . B a n n a rd ,
R o b e r t W . D e F cra a t'
BANKERS AND BROKERS,
N o, 139 South F ou rth St„
I n t e r e s t A l l o w e d o n D e p o u lU .
EXECUTES A L L T R U ST *.
TRUSTEES!
Henry Jt. Taber,
T»
.J r ,
Oliver Harrii
william A . BsssarO.
A. Lanfear Nozrle,
'
J
LOAN S-— I n t e r e s t .— - ,----------- P r in c ip a l.- ----------,
NAME AND PURPOSEP . Ct. P a y a b l e .
W h en D u e . O u ts ta n d ’ g.
Held by Purdue U niversity... 5
Q.—J, Apr, 1,1901 $340,000
Held by Indiana U niversity... 5
semi-an .......................
144,000
Total Asi’d. Hair, of Tam
Valuation, per $1,000.
$ ! .%:i.307.541
■----- I n te r e s t . -----,
J*. Of. P a y a b l e .
School flu id re fu n d in g ----------- r,
AX»
L 'J S t'lN 5 A T f,
BROKERS,
D IU O ,
MEW V O ilK STOCK EXOHAM OB,
PH ILA D E L PH IA STOCK EXCHANGE
P IT T S B O K S EXCHANGE (3 Member*),
CHICAGO BO ARD OF TRA D E .
C . W . Branch & C o.,
B A N K E R S A N D BROK ERS,
St a t e B a n k B O T - d i n h ,
R I C H B O N B ,
V A .
P r iv a t e w ires e o n n e e tin K w ith W a s h in g t o n B a lt i
m o r e , P h ila d e lp h ia . N e w Y o rk , B o s t o n a n d C in o a a o .
N e w Y o r k C o r r e s p o n d e n t s ; M e ssrs, M o o r e & Sohley
a n d P r in c e & W h it e ly .
Irwin, Ellis & Ballmann,
Bankers and Brokers,
DEAL
IN
CINCINNATI
BONDS.
51 W e s t T h ird S treet, C in cin n a ti, O h io.
BDW AH DS W U XTAK EK .
Charles H odgman
W hitaker & H odgm an,
BOND AN D S T O C K B R O K E R S ',
3 0 0 N o r t li F u u r t L S tr e e t.
ST. LOUIS,
THE
1058
CHRONICLE.
valuation of real and personal property and tlie State tax rate (per
$1,000) for tlie years indicated.
Y ears.
V a lu a tio n .
T a x r a te .
Y ea rs.
T a x ra te ,
V a lu a tio n .
1893..
$1-20 1880
$728,944,231. .......$1-20
1891.. ..$1,249,807,899. . . . . 1-80 1875.... .. 897,739,783. ....... 1-50
1889.. ..
843,483,466. ....... 1-20 1870... .. 662,283,178. ...... 1*50
1 888.. ..
821,512,984. ....... 1*20 1865... .. 567,381,553. ...... 2-00
1887.. ..
799,251,773.
1860... .. 455,011,378. ....... 1-50
1886.. ..
739,451,777. .. . . 1-20 1855... .. 301,858,474. ....... 2*00
1885.. . 793,526,079. .. . . 1*20 1850.... .. 138,362,085. . . . . 2-50
Tlie school tax rate for 1893 in addition to the State tax, as given in
the above table was $1-00.
Iowa—Boone Independent School District.—W e give be
low a statement of the debt, valuation and population of this
district, which has been taken from a recent report issued by
J. J. Snell, Secretary.
Total debt.......................... $40,000 I Real valuation (est.)... .$3,000,000
Tax valuation 1892 ...... 995,000 |Population (est.)..................... 7,500
Iowa— Council Bluffs Independent School District.—
The facts in the following statement of the financial condition
of this district are taken from a recent report issued by Ferd.
W ies, Treasurer. The figures of total debt are exclusive of
$10,000 of 5 per cent 10-year bonds which were being offered
for sale at that time, concerning which we have received no
further information.
Total debt.......................... $142,500 IReal valuation (est.). ..$22,000,000
Tax valuation 1892..........5,065,000 |Population (est.).................. 35,000
Iowa— Hampton Independent School District.— The fol
lowing statistics concerning this school district have been
taken from the report of H . L. Harrison, Treasurer, issued
September 16, 1893.
Total debt............................ $16,000 IReal valuation (est.)... .$1,000,000
Tax valuation 1892.______415,280 \Population (est.)..................... 3,000
Pennsylvania—Erie.— Tbe following statement of Erie’s
debt and resources has been corrected by means of a special re
port to the C h r o n i c l e from City Comptroller G. F. Brevillier.
The maturity of the 7 per cent consolidated bonds has stood
erroneously on the city records for years as Jan. 1, 1894. The
dates given in the following table are correct.
T h e
T it le
CAPITAL, PAID U P , ------------ $500,000
50,000
AUTHORIZED BY L A W TO RECEIVE and execute trusts of every character from courts, corpora
tions and Individuals. Takes entire charge of estates,
real and personal. Acts ae agent for the registra
tion and transfer of bonds and stocks and the pay
ment of coupons, interest and dividends. A legal
depository for court and trust funds.
INTEREST ALLOWED ON DEPOSITS of money
whtch may be made at anytime and witburawn after
five days’ notice, or at a fixed date.
TRUST FUNDS AND TRUST INVESTMENTS
are kept separate and apart from the assets of the
company.
DIRECTORS:
AZEL F. HATCH,
CHAS. H. HULBURD,
M. W . KERWIN,
GEO. N. CULVER,
HARRY RUBENS,
MAURICE ROSENFHLD.
J. R. W AL8H,
SAMUEL D. W A RD,
OTTO YOUNG.
OFFICERS: m
J. R. W AL8H, President.
CHAS. H. HULBURD, Vice-President.
SAMUEL D. WARD, Treasurer.
LYMAN A. WALTON. Secretary
J a m ie s o n
&
OF
&
G a t z e r t ,
M ORTGAGE BANKERS
125 L A
SALLE
T o ta l A s s e s s e d
S T R E E T , C H IC A G O .
Fir*t Mortgages for Bale in large and small amounts
getting investors 6,
and 0 her cent, secured bj
mproved and income-bearing Chicago city property
Principal and In tere st p ay ab le In G o }d .
CQBRESPQNDHNOS SOHCiTBD.
R a te o f Tax
Y ea rs.
V a lu a tio n .
p e r $1,000.
1893................................................................. $15,740,009
$25-00
1892...................................................................... 15,371,964
24-00
1891 ..................................................................... 14,821,692
26-00
1 890...................................................................... 14,214,195
26-50
1 889...................................................................... 14,088,436
26-00
1880.......
11,518,904
23-00
POPULATION.—In 1890 population was 40,634; in 1890 it was
27,737 ; iu 1870 it was 19,646. The population in 1893 is estimated at
50,000.
&
C H IC A G O .
T r u s t
I llin o is
T r u s t
S a v in g s
&
B a n k .
C H I C A G O , IL L ,.
C H IC A G O ,
C A P I T A L A N D S U R P L U S , - 9 3 ,3 0 0 ,0 0 0
IN TER EST A L L O W E D ON DEPOSITS.
This Bank is directly under the jurisdiction and
supervision of the State of Illinois, is a LEGAL
DEPOSITORY for Court Moneys, ana is authorised
lo df*. as TRUSTEE, EXECUTOR. RECEIVER and
ASSIGNEE for ESTATES, INDIVIDUAL61 and
CORPORATIONS.
OFFICERS:
John J. Mitchell, President.
John B. Drake, Vice-President.
Wm. H. Mitchell, Second Vice-President,
Wm. H. Reid, Third Vice-President
James S Gibbs, Cash’r. B. M. Chattell, Ass’t Oaah’r
DIRECTORS
John McCaflery,
John B. Drake*
L. Z. Leiter,
W m. H.Reld,
Wm. H. Mitchell,
John J. Mitohe
Wm. G. Hibbard,
J. C. MoMullin,
n. B. Shipman,
J. Ogden Armour.
GUARANTEES TITLES TO REAL ESTATE.
MAKES ABSTRACTS OF TITLE.
Offers in v e s t o r s In r e a l estate se cu ritie s
p ro te ctio n a fford ed b y n o o th e r system o f
doing bu siness.
Is authorized by law to act as Registrar of Stocks
and Bonds, Executor, Receiver and Trustee for
Estates, Syndicates, Individuals and Corporations.
Trust moneys and trust securities kept separate
from the assets of the Company.
C O R R E S P O N D E N C E S O L IC IT E D .
OFFICERS:
GWYNN GARNETT, President.
A . H. SELLERS, Vice-President.
ARCHIBALD A. STEWART, Secretary.
CHAS. R. LARRABEB, Treasurer.
FRANK H. SELLERS, Trust Officer.
DIRECTORS:
Gwynn Garnett,
Chas. W . Drew,
W. D. Kerfoot,
John P. Wilson,
Horace G. Chase,
Bdson Keith,
John G. Shorten,
Geo. M. Bogue.
John DeKoven,
A. H. Sellers.
Samuel B. Chase,
COUNSEL:
W. C. Goudy,
John P. Wilson,
A. W . Green,
A. M. Penoe,
A .
G .
B e c k e r ,
Successor
HERMAN
STREET,
Private wire to New York and Philadelphia.
$61,000
*113,706
*275,000
*104,000
*35,000
*6,000
*256,500
*50,000
C a p ita l, p a id -u p ......... ...................9 1 ,6 0 0 ,0 0 0
U ndivided ea rn in g s, Includ ing
s u rp lu s ............................................
2 3 9 ,0 0 0
D e p o site d w ith S ta te A u d ito r. .
2 0 0 ,0 0 0
to
SCHAFFNER
«c C O .
C O M M E R C IA L PAPER,
C h icago , I l ls .
L o e b
M, & S Jan. 1, 1894
J & J Jan. 1, 1894
........... Apr. 10, 1894
........... July 1, 1894
J & J July 1, 1898
A & O Oet. 1, 1893
J & J Jan. 1, 1907
M & 8 Mcb. 1, 1909
* Free from State tax, as are all bonds held outside of the Common
wealth.
PAR VALUE OF BONDS.—The water bonds are for $1,000eaeh;
all other issues are for amounts arranging from $100 to $1,000 eaoh.
INTEREST on the 1887 loan is payable at the Keystone National
Bank of Erie, and at the Importer’s and Traders’ Bank, N. Y.; on the
loan of March 1, 1889, at the office of Coffin & Stanton, New York;
on all other loans by the City Treasurer;
TO T A L DEBT, SINKING FUNDS, E t c .—The subjoined statement
shows Erie’s total municipal debt and the water debt ou eaeh of the
dates indicated.
Oct. 10,’93. J a n . 1, ’93. Jfa*. 1,’92.
Tot. funded debt (ine’g water debt)..$901,200 $923,700
$962,100
Water debt...................................... .
521,012 529,012
553,012
Tlio sinking fund receives yearly a certain sum from the tax levy, not
exceeding 3 mills and not less than >4 of a mill on a dollar.
CITY PRO PERTY.—The city owns real estate and personal prop
erty amounting to $2,012,041 as follow s:
Fire property.................. $89,821 I Other real estate............................... $8,220
Water property........ ......1,200,000
---------------City Hall.......................... 166,000
Total............................ $2,012,041
School property.............. 548,000 |
ASSESSED VALUATION.—The city’s assessed valuation (about
two-thirds of the cash value) and tax rate have been as follow s:
C o .,
M rubers New York and Chicago Stock Exchanges.
DEARBORN
4
7
7
7
6
7
4
4
9 2 , 9 4 <fc 9 6 W A S H IN G T O N S T R E E T .
ST O C K S—B O N D S,
1ST
-— I n te r e s t . — . ,------------ P r i n c i p a l , ----------- ,
R a te P a u a b le .
W h e n H u e . O u ts ta n d ’ g .
C o m p a n y
1 8 5 D E A R B O R N S T ., C H IC A G O .
-------- ---
LO A N S—
NAME AND PURPOSE.
Water bonds. 1872 (extended)
Consolidated, 1st series........
do
do
-------do
do
..........
do
2d series........
Improvement, 3d series..........
Refunding, 1887........................
do
1889........................
G u a r a n te e
E q u it a b le T r u s t C o m p a n y
- -
Erie is situated in the county of the same nam e.
C H IC A G O .
C H IC A G O .
SURPLUS,
[VOL. LV1I.
154 La Salle Street,
-
Chicago, 111.
A. O. SLAUGHTER, Member N. Y. Stook Exchange.
ffM. V. BAKER, Member Chicago Stook Exchange.
V.
O .
S la u g h te r
&
C o .,
t . Haskell
1893.
1850.
T h e
U n it e d
S ta te s
I n s u r a n c e
L ife
C o .
IN T H E C IT Y O F N E W Y O R K .
OFFICERS.
G E O R G E H . B U R F O R D , P re s id e n t.
C. P. FRALEIGH.................................. ........ 8eoretary,
A. W HEELWRIGHT................. Assistant Secretary
WM. T. 6TANDEN.......................................... Actuary
ARTHUR C. PERRY......................................... Cashier
JOHN P. MUNN................................ Medical Director
FINANCE COMMITTEE.
GEO. G. WILLIAMS..............Pres. Chem. Nat. Bank
JULIUS CATLIN......................................... Dry Goods
JOHN J. TUCKER............................................. Builder
E. H. PERKINS, JR., Pres. Imp. & Traders’ Nat. B’k
The two most popular plans of LIFE INSURANCE
are the CONTINUABLE TERM POLICY which
gives to the insured the greatest possible amount of
indemnity in the event of death, at the lowest possi
ble present cash outlay; and the GUARANTEED
INCOME POLICY which embraces every valuable
feature of investment insurance, and which in the
event of adversity overtaking the insured may be
used as COLLATERAL SECURITY FOR A LOAN,
to the extent of the full legal reserve value thereof
in accordance with the terms and conditions of these
policies.
Good Agents desiring to represent the Company
are invited to address J . 8 . G A F F N E Y , Super
intendent of Agencies at Home Office.
BAN KERS,
1 1 1 -1 1 3 L A B A L L S 8T K K K T ,
C H IC A G O , IL L S .
Oblotigo SeeuvHibs Bought s-nfi Said,
A r c h ’d .
J .
P U B L IC
C .
A n d e r s o n ,
ACCOUNTANT,
@FedFRASER