Full text of Commercial and Financial Chronicle : December 2, 1893, Vol. 57, No. 1484

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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 OF T H E U N IT E D S T A T E S
( Entered, according to Act of Congress, la the year 1 8 93, by W .». B. D an a & CO., la the oiBce of the Librarian of Congress, Washington, D . C. ]

SATU RD AY, DECEM BER

V O L . 57.

NO. 1484.

2, 1893.
Week Etuiing November 25,

C h r o n ic L e .

1893.

1893.

| Cent.
P.

Week E n d ’s Nov. VS
1803.

5 la,513,153 w M q,diS
Now York..
—33*5 536,339,287
T e r m s o f S u b s c r ip t io n — P a y a b le In A d v a n c e :
Sale* of—
(StQCkM,... . .abates.) 0 ,2 7 3 .2 4 8 ) fl,126.032)
(1,148.301)
F or One Y ear................. ........................................................... $10 00
(Grain......
09.351,395) a l.3yd
,725; ttuli (32,830,950)
F o r Six M onths..................................... ....................................
6 00
European S u b s c r i p t io n (Including p osta eel...................... 12 00
Boston.......•..................
7 .ftS .5 5 00,^0*5.188 —13*0 87.031.703
S 9d
European Subscription S ix Months (Including postage).
7 00
*,813,100
P r o v i d e n c e ................
,4 0 1 )
M fcSM — l"6 5 5 ,2 -H
U
I
Annual Subscription in London (Including p o s ta g e ).... A 2 10»,
1,704.990
H a r tfo rd ,..........................
+0 00 1.914.573
N Haros.............
ew
1,*16.386
1,328,575
1.407.182
8 ix Mod.
do,
do,
do,
...M l 10s.
-t'15’3
1.185,101
S p r im c t le d ............ ...............
-0-2
1.370,062
T he rxvKSTOHs’ StTwtesrEJtT o f 100 pages Is Issued every other W o r c e s te r .......... ...
1.133,008
-110
1,3011,045
Booath, on the last Saturday* o f January. March, May, July, September P o r tla n d ..., . . . . . . . . . . .
1,211.1*37
tm lm
1,325,329
-10
978.0*5
1,013,2**?
and November, and furnished w ithout extra charge to a ll subscribers F all R i v e r .,. . . . . . . . . . . . .
028,795
000*063
713,612
L o w o iL .. . . . . . . . . . . . . . ..
711
o f the C B ftostcth for six month* or longer.
*01,703
664,490
-7 8
333
The STATU amp C itv StrpMJBfBsrr o f 184 pages Is also given to every Now B edford.........
10|.S3v.8s8 “=TTi
Total Now England.
yea rly subscriber o f the CiiBOFICUL
~~WM535^
Subscriptions w ill be continued until <!.'finitely ordered stopped.
0i.2S3.156
de
05.902.181 - 8 - 5 61,988.510
The publisher* cannot be responsible fo r remittances unless m ade by P htilab u lp h ia ...,
tt.bS9.im
H .308.74*5
P i ts
r g ..... . . .
12,399,810
-1 2 0
dra fts or by Post Office or E xpress m oney orders.
m m ,w
o 13.002,273
Baltimore.......
-foo 24.100,031
FUe covers are sold at 50 cents each, and to new subscribers fo r a B u f f a l o . , . . , , . . . .
8,306.076
8.883.254
S.4* 0.21*1
—2*8
1.583,002
year one die ©over Is supplied without charge ; postage on the same la W a s h in g to n ....
l.t.04.213
1
*049,910 - 1 4 4
1,452.277
lA m jm
1,025,965
-6 * 7
R o c h e s t e r ...,,* ,
1 8 cent*.
S£
W,*fO
812,640
-0&’
S y r a c u s e ..,. . . . .
754,106
882.034
T e r m s o f A d v e r t is in g :— ( P e r I n c h s p a c e ).
W ilm in g to n .....
3**8,100
400,000
202.8)0 _ ± 2 «
O n etim e ................... .............. $3 50 I Three Month* (13 tim es)..$25 0f> B in g h a m to n ,....
100,114 555 108,178,071
- 7 4 T 0 6 ,002,602
Total Middle.,
O ne Month
( 4 tim e s).. 11 00 SSlat Months
126 “ ) ,, 4 3 0 0
T w o Months
(8
“
18 0 0 1Twelve Months (52 • )., 58 00 Chicago..,*****
•
91,04.7.033
83,245.7
-8 6
0.1205.715
11^73.360
12,914,750
-1 3 0
(The above terms fo r one month and upward are fo r standing cards.) C in c in n a ti,....
M ilw a u k e e ,...

London Agents:

D etroit.,

Messrs, E p w a b p s A Swrrii. 1 Drapers' Dardens, E. CL wit! take sub'
uerlptSocis and advertisem ents, and supply single copies o f the paper
at Is. each.
WILLIAM u PAHA ( V U L U M
jobs

o. m o r n .

)

B . DANA

St. C o ., P u b l i s h e r * ,

1 0 * W illia m S tre e t, N B W Y O R K .
P ost O w e s B o x *58.

Ireland....
Hi..

Grand R a p i d * .. .. .. . ..
L e x in g to n ............... .
Saginaw ,. ............. .
A k ron . . . . . . . . . . . . . . . . .

Springfield, O.............

Bay c i t y ..................

The following table, made up by telegraph, etc., indicates
that the total hank clearings of all the clearing houses of the
United States for the week ending to-day, December 2, have
been $877,351,680, against $933,111,424 last week and 81,418,500,362 the corresponding week last year. Thanksgiving
ctyy occurred in the week o f this year.
CLSLAKrSOS.
Returns by Telegraph,
New Y ork ..............................
Boston....................................
F t t l l a d e l p h h s ......
BaMrome..................... ..........
<;h!c»«o...................................
8*. hom e.---- -------------- ------New Orleans . . . . . . . . . . . . . . . . .

$3*3.001,893
* M.000,000
* s ,iu ,8 ia
9 ,0 4 4 .7 3 5
85.867.438
14,780,837
8,4se,»a8

T o ta l M id dle W estern .
Ban F r a n cis c o .,. . . . . . .
P o r t la n d ,,.............. .
Salt L a k e e i t y t , . . . . . ,
A n g e le s ......

eiana t ..........

S p o k a n e . .. .. .. . ..
G reat F a lls * .. . . . .

Sioux Falls........

Week Ending December 2.
1893.

•6,024 .90*
4,484.8*1

u m b o s .....

C a n ton .. — . . . ...........

CLEARING HOUSE RETURNS.

4,821,058

F a r g o * .. . . . . . . . . . .

—42 0

W

s

a s n jm

$ M 9 , 700
1,761,204

1.4 <UW2

8 ,S H
»4 8
960,000
284,281
182,688
143,241

147.06?

2 4 .8 5
55 2

$075,238,840
80,856.443
73,709,769
13.028,23?
103,934,998
20,000,000
16,873,417

Per Cent.
—43 3
-35*5
-37*6
-30*8
—35*8
—
32*8
—49*0
-41-1
-42*4

Total Pacific....
____ __ City.
M in n e a p o lis.............. .

Omaha...... .

St, P a u l . . * , , , , , , , . , , . .
D e n v e r . . . . . . . , . , ....... .

D ulu th..........................

St. J o se p h ,..,..,,,...,
8loux City..., .........
Des M oines..................

Lincoln.......

W ic h it a ...............
T opek a...,. . . . . . . . . . .

Serao eltles, 5 •Uya........
Olber citie-A 6 day*________

$384,566,701
1C3.711.260

$990,439,507
179,048,284

Total all cities, 5 d a y ,....
A llc lt l« s ,l d a y ..™ ______ _

$6^8,277,861
189,073.819

$1,170,387,771
246,112,691

-41*3 Hastings*— — . . . .
-2 2 5 Springfield, Mo.*.......

Total all titlm for week..
’ Estimated

f877,351,680

81.41 n.soo.itin

_ 3 «-l

Frem ont.................

Hut chinson.t .. .. . . . . . .

Total Other Western..

S t. L o u i s . , , , . . . . . . . .
Now O r le a n s .. . . . . . .

-3 1

1,713,100

lit?

411,021
337.8:59

-1 4 * «

M .W
H I
264,07»

»

-f0 4

-1 0 2

—24*4

—‘4
f
e
-2V

117,344,442

133,990,13*

-1 2 * 4

11,040,087
1.200,000

12,553,1 .
1,084,103

-80S

-7 * 8

14.803,900
1,205,000

— 'O
U
-7 * 7

-2 0 0
—15*6
-1 0 9
-1 7 * 0
4-20 9
-1 8 4
-1 5 1

-1 4 0

—41*4
—83’0
-3 1 * 4
-1 4 * 8
4*38*7

-11V
-1 0 * 3
-1 0 * 7

-Z6-7
— 27*5
4-4*0

-8*1

-25*5
—40*1

0*6,«' m
046,00
1,056,!
,900

m 2 mi

-4 0 1
-2 4 3

552,571'

0 4 7 ,1 7 1

-H 38
5

234,470

851.435

- 7 35

205,332

—74*1

114,31
114,70/

M M

-2 5 8

iio.i&i

-2 8 * 2

613.009

A lba<jaerquet, , , „

1883.

-22-0
-23 7

6.105,820!
6,020,349
4,684,526
3,056,300
1,407,614
1.688*600
950,089
359,9)0
199,826
170.733
312,880
144,388
287,81b
130,142*710

— a
io
-1 3 "1
-1 8 * 3

15.453,314

18,081,798

8.651.581
0.0*50.624
4,801,711
8,761,40*

10.075,206

2,040.20?

1
*942,466
1,6?3.931

2.231.042

HSSS;
763,532

000.000
627,147
33 G
d ,k l
71,18*

“Tili
-3 4 1

y 25
,ri3 ,2 l

-2d
-S

5,554.325.

-8 2 * 5
-4 8 2
*4*6" 1

6.304.315
4.318.315

—94

—4
4

-4 0 * 5

e .tk
so jo - i l l
42?,510
300,333 I S !
100,000

-2 8 8

33.2v0.872

42,400,2;8
22.933,17/

10.0*18,87 r
i

11,107,269

895,88C

120^61

—36*0
-4 1 2
+ 2 6 *8

18,600,008 -29*8
9,600,552
7,085,704

j4 a .7 2
.9 6 0
4,440,818
2.489,214

-1 7 * 3
-3 5 * 0

-21*0

—0
2 *2
—65*1

2,193,783
1,671,624

—8*0

J660,87?
filiS

—15*8

W

71,001

—23*7

-10*7
* 6*4
—
—31*8

80.90 j
326,0U

71.001

22.10S.120

0AI.264

-2 1 4

30,487,810

-3 3

7.680,098
5,Ool,s78
-Nil
The fall details of clearings for the week covered by the LoulsviUe... . . . . . . . . .
4,702,917
-26*0
3.451,440
above statement will be given next Saturday. We cannot, of Galveston........ .
3,358*150 4-17*8
H o u s to n .....,.,...,.
2,1:'.41
068
ic h
course, furnish them to-day, bank clearings being made up by R ashm o n d ,.,,* .,. .
iR
—50 B
70S.384
i «
N
the various clearing houses at noon on Saturday, and hence in S a v a ville........ ...........
-1 9 8
3,218.410
n n a h .,.,
2,903.5?1
M e m p h is...*
the above the last twenty-four hours of the week have to be
1,378.605
1.450.7)* 0
"-A
A tlan ta ................ .
.
0 9 U 4-23 1
0 .8 O
In ail cases estimated, m w e g o to press Friday night.
1,103,369
N o r f o l k . . . , .................. ..
1,164,603
49*U
D a lla s.,...* ........... .
Our usual detailed figures for the previous week, covering
80U,000
091,5*34
-19*3
o . . .....
598.730
.
— -3
0
the returns for the period ending with Saturday noon, Novem­ W a c W .o .r.t. h. .....................
Fort
567,4)2
245.712
—60'?
B ir m in
ber 25. with the comparative totals in 1892 are given below. C h atta ng h a m ...,. . . . . . .
374.892
207,7.13
-44*0
ooga.............
S26.427
345.000
-6 4
The aggregate for the week k sixty-one millions of dollars J a ck so n v ille . . . . . . . . ,,
00,183.682
-1 0 5
69.24U.442
less than that for the previous week, twenty millions of which
T o t a l S o u t h e r n ,.,..
is at New York, Compared with the corresponding period of
-1 8 4 .
Total a l l , . . , , . . , . . . , . , , . S J S .U t m 1,140,127,393
1,8.92 there is a loss of 18*1 per cent in the whole country and
Outside New Y ork..,, 410,028.8/2 "473,287,760
11*9 per cent outside of New York. Thirteen Cities record
14,616,731
-02*0
Montreal.
gains over last year ranging from 0 O per cent at Hartford to Toronto . .
S
fiS ).802 6,000,7m -20*8
Sg
01
8
65*8 per cent at Los Angeles* The heaviest percentages of H a lifa x ...
-1*1
010,503
—5 0
­
decrease have been at Hpokane, 72*5 per cent; Birmingham H a milton
2 92 0 “=571 19,407,918
2,B .8S
10,607,513
Total Canada
M'7 ; Nashville, 56 2 ; Beattie, 49*1; Denver, 48*2; Chatta­
nooga, 44*8 ; Milwaukee, 42, and Sioux City, 40*5 per cent.
C * NotiaoUded In totals,
t Publication dUcontlaued for the preieat.

Jk

THE CHRONICLE.

916

[V o u LVII,

increasingly favorable, and of Southern pig iron it is
reported that an advance of 25 cents per ton has been
made and sales have been effected at the advance. The
S e e p a g e s 9 5 0 , 9 5 1 , 9 5 2 a n d 9 5 3 for our State “ Iron Trade Review” published at Cleveland, under date
and City Department.
of November 29th, reports that “ so far as the volume
All advertisements with relation to State and City Bonds of sales is concerned the month just closing has been
will likewise be found on the same and following pages.
the most satisfactory in the iron trade since the begin­
ning of the depression.” The same authority also
TH E F IN A N C IA L SIT U A TIO N .
says that “ now that the draft of the new tariff bill is
The industrial event of the week has been the pro­ before the manufacturers of iron and steel there will be
mulgation of the proposed tariff bill as prepared by a disposition to adjust business to the bill as it stands.’
Chairman W ilson and the members belonging to the Trade in all other departments continues to make
dominant party of the Ways and Means Committee of progress—slowly of course at the moment, but the belief
the House. We give in a subsequent column Chair­ is widely expressed that present indications point to a
man W ilson’s summary of its provisions and his reasons more rapid development after the first of January. It
for the changes from the rates fixed by the M cKinley should be added, to avoid misinterpretation, that rail­
law. As this bill is presumed to have the support of road earnings and also our table of clearings fail to in ­
the majority of the House of Representatives, its speedy dicate this progress just at present because com pari­
passage by that body, in much the same form it is now sons are made with November 1892, in which month
published, is a reasonable anticipation. As to how the transactions and earnings showed a large increase after
measure will fare in the Senate we have no special infor­ the second week, incident to the special revival of busi
mation to give, though the presumption is that in some ness subsequent to the general election in that year.
shape tariff revision is likely to be favored by the Sen­ We have explained this phase of our earnings table b e ­
ate also. Recent experience over the silver bill, and low in this article and in the same place have given
Indeed the protracted discussion in the Senate of the some remarkable statements of net earnings.
M cKinley tariff in 1890 when on its passage, do not
The financial difficulties of Italy have further devel­
favor prompt action on the Wilson bill when it reaches oped and become more complicated by the events of
that body. Obviously, a very few members, if they this week. T o what extent these new derangements
have the will, have the power to obstruct legislation as will affect affairs here is not at the moment fully ap­
readily to-day as they had last summer. A nd yet no parent. The market for both sterling and Continental
doubt the desire of commercial classes in general is to bills was higher yesterday, but how far rates were af­
have the questions, the proposed changes in customs fected by the Italian situation it is not possible to say.
rates raise, settled as quickly as possible, and this de­ There was, however, a disposition in some quarters also
sire may hasten the final result; for it is difficult to see to use current developments in that country to de­
how any interest is really advantaged or other than press prices at our Stock Exchange.
As London
harmed by prolonging the discussion, if after a time did not get disturbed over the news which came
it has become evident that a majority has settled the yesterday morning of the suspension of the Credit
form of the measure it is sure in the end to adopt.
Mobilier of Rome, there would seem to be little
W e have bad since the Wilson bill was made public reason for any concern here. This last event is prob­
another interesting illustration of how the stock mar­ ably only one of the ultimate results of the serious cor­
ket is wont to discount the future. N o subject has ruption and fraud disclosed on the investigation of the
been more talked about on Wall Street during the last affairs o f the failed Banca Romana (one of the six
few weeks than tariff revision ; the claim was that as banks of issue of Italy) and the reported connection
soon as a bill having that purpose in view was formu­ therewith of some members of the Ministry, which led
lated and legislation threatening to disturb existing this week to the resignation of the entire Cabinet'
rates began to be agitated, there would be a general These later occurrences no doubt show a condition of
industrial upheaval, in which the stock market would affairs in Italy which must result in considerable liquida­
be sure to suffer severely. Just the reverse has hap­ tion, and as that progresses numerous failures would
pened, so far at least as affecting the surface of Stock seem to be a likely event in that country. It is sur­
Exchange affairs. The bill referred to had no sooner mised also that the financial derangements in Italy
appeared than values of all good railroad properties may ultimately disturb the present political treaties of
began to strengthen and the market has had a better alliance in Continental Europe.
There is no interruption in the movement o f cur­
tone ever since. The explanation of this change is that
Wall Street interprets the prospective tariff legislation rency to this center, and as a consequence the money
as promising to be much less radical than rumor had market continues to broaden. Rates on call, represent­
forecast i t ; hence the publication relieved the market ing bankers’ balances, show no change, being quoted
of the pressure these exaggerated rumors had exerted at 1 to 1£ per cent, with an average a little below
and gave opportunity to the improving industrial con per c e n t; renewals are at l j to 2 per cent, and banks
and trust companies quote 2£ per cent as the minimum
ditions to have more influence on stock values.
There is very little that is new to report respecting for their loans, which usually stand for indefinite
business affairs. Of course the tariff bill has been periods undisturbed. Tim e money continues in abun­
commented upon widely and variously. We notice that dant supply. The banks last week reported the unprec­
newspaper writers who represent the Philadelphia and edented surplus reserve of $70,835,175, an aggregate
Pittsburg iron and steel markets criticise in unmeas­ of $189,663,100 gold and legal tenders, and $475,311,ured terms the iron and steel provisions of the scheme, 700 deposits, while the loans were only $405,201,700r
calling them almost destructive of those industries; but W ith this vast accumulation of money, much of which
the views of manufacturers in other parts of the coun­ belongs to interior banks upon which an average of 3 per
try do not sustain this view. Indeed the state of those cent interest is paid, it is not surprising that the banks
markets throughout the West and South is said to be should be eagerly seeking to place their funds at some
THE

ST*T£ y M CITY BEf jftftTWENT,
iT B

D ecember 2, 1893,]

THE CHE0N1CLE.

rate- A t
the
same time bankers, institutions
of every kind, and individual capitalists, are in the mar­
ket seeking employment for their funds, and as the
demand is light, because commission houses as a rule
are not inclined to borrow, rate3 are unprecedentedly
low. Quotations are 2 per cent for thirty to sixty
days, 24 to 3 per cent for ninety days to four months
and 3.} to 4 per cent for five to six months on good
Stock Exchange collateral. Commercial paper con­
tinues to be in good demand from city and country
banks, and also from some merchants whose business
i3 light and whose capital is therefore lying idle.
The supply o f really first ela33 is not good, and selec­
tions have to be made from the best of a lower grade of
paper. Rates are 31 to 4 per cent for sixty to ninetyday endorsed bills receivable, 4 to 44 per cent for four
months’ commission house names and 5 to 6 per cent
for good single name3 having from fonr to six months
to run.
The Bank of England rate of discount remains un­
changed at 3 per cent. The cable reports discounts of
sixty to ninety day bank bills in London, 2$@ 2§ per cent.
The open market rate at Paris is 2$ per cent, at Berlin
it is 4 f per cent and at Frankfort 4$ per cent. Accord­
ing to our special London cable, the Bank of England
gained £89,054 bullion during the week, and held at
the close of the week £25,988,970. Our correspondent
further advises us that the gain was due to the import
of £11,000 from Australia, to receipts o f £137,000 from
the interior of Great Britain and to the export of
£59,000, of which £40,0o0 were to Egypt and £19,000
to Russia.
Foreign erchange has been generally Btrong this
week and the market remains narrow, and sensitive to
slight influences. The chief factor appears to be the
extreme cheapness of money here, which indeed has
been the controlling factor for the past fortn ig h t; this
has induced a revival of the demand for long sterling
for investment for the purpose of securing a fair
amount o f profit while the bills run to maturity. Rates
of
sixty-day bills
would
seem too high to
justify purchases for this purpose, but it should
be borne in mind that money cannot be employed
in
liberal
amounts at
better
than
2
per
cent for sixty days, and lenders may consider
themselves foitunate if they place it even at this rate.
With the present and prospective demand for sterling,
there is a probability that sight bills will s;xty days
hence command a price which will net much more than
two cents per pound sterling and perhaps 3 to 3£. and
herein lies the inducement to purchase at current
figures. One feature of the week has been a demand for
cable transfers, which bankers cannot explain, except
that it may be for remittance for deferred settle­
ments. There has also been an inquiry for Bhort
sterling to remit for Pennsylvania stock sold in Phila­
delphia for European account. The supply of com ­
mercial bills has been only fair and these have been
promptly absorbed, and, as was remarked last week,
bankers are drawing only for current needs. Conse­
quently the market is kept bare of bills and rates are
firm. On Monday there was a slight relaxation in the
inquiry, which was reflected in an easier tone, but on the
following day a better demand brought about a prompt
reaction, and on Wednesday the market wasstrong to the
close. Thursday was a holiday, but yesterday strength
wasagain the feature,with the close steady. Thearbitrage
houses have traded between the two markets as usual,
but their operations have not affected either supply ox

917

demand. The following table shows' the changes in
rates of exchange by the leading drawers this week.
Fri.,
W ed.,
M on.,
Tiies.,
Thuxs.,
N ov. 21. N ov. 27. N ov. 2 a N ov. 29. N ov. SO.
8 3^ -4
(60 days
S 4 -*
Brow n B r o s .,.. 1 S ig h t.,....
—
80^ -7
8 ?-*
i ll
is &
5 80 d a y s ..
Baring,
M agonn & Co. 1 S i g h t - ... O F

6
0
1 8 d a y s ..
0

87

87

841-4-4 84

5 . d a y s ..
Bank British
No. Am erica.. \ S i g h t - ...

Itf*

Bank o f
M o n t r e a l-.... \ S ig h t.....

4S4«
4 37

87

87

Canadian Bank (fG d a y s..
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Geiflelbach.Ick* (6 0 d a y s .. 434
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j 60 d a y s .. 484
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The market closed steady at 4 844 for long and
4 87 to 4 874 for short.
Rates for actual busi­
ness were 4 834 to 4 83$ for 60 days, 4 86 to 4 86$
for sight. 4 864 to 4 86$ for cable transfers, 4 82$ to
4 83 for prime and 4 824 to 4 82$ for documentary
commercial bills. The steamship Seneca arrived from
Havana on Monday with 8500,000 gold consigned to
Muller, Schall & Co.
Railroad gross earnings for the third week of Novem­
ber are not quite so good as those referred to last Sat­
urday for the second week of the month, and yet the
showing is nevertheless very satisfactory, all things
considered. According to our tables on another page,
the loss for the third week on the 65 roads which have
thus far furnished returns for that period is 6'74 per
cent. For the second week of tho month the full state­
ment covering 73 roads shows 2-03 percentdeerease. For
the first week of November the loss was 4-77 per cent.
These are the results with the W orld’ s Fair closed,
and when the extra traffic from that source no
longer operates to swell the revenue accounts of the
roads.
Under the circumstances, that the ratio of
decline from last year’ s totals should be no larger, is an
encouraging fact, the more so when it is remembered
that operating expenses are as a rule on a mueh smaller
scale than a year ago, by reason (1) of reductions in
wages, (2) the lower cost of supplies as in the case of
rails, and (3) because of the general policy of retrench­
ment which is being pursued by railroad managers.
We have many illustrations this week to show what
an important part reduced expenses are playing in the
affairs of the roads. Tho Chicago Milwaukee & St. Paul
reports for October an increase of #205,038 in gross earn­
ings accompanied by a decrease of #192,511 in expenses,
thus producing a gain in net of #397,549. Of course
the W orld's Fair was at its height in October, and the
St. Paul undoubtedly got considerable extra business
from that source. But for the four months of its fiscal
year from July 1, the same road, with a loss of $794,437 in gross receipts, has managed to offset all bat
#4,604 of the amount by a redaction in expenses. N or
does the St. Paul by any means stand alone even in ita
territory. The Chicago Burlington & Quincy has
algo furnished ita October exhibit this week, and there
we find a decrease of $194,707 in gross earnings, with a
reduction of #309,901 in expanses, making a gain in
net of #L15,194. For the ten months since January 1
the Quincy has lost $979,505 in gross but only #296,816 in net. The Iowa Central is a small road, but in
the same territory. It reports for October $5,288 gain
in gross and $21,506 gain in net.
Passing to another section, the Cleveland Cincinnati
Chicago & St. Louis lost $94,606 in gross in October,
but reports only $8,061 decrease in n e t ; for the four
months, with $553,957 decrease in gross, the road has
$177,053 decrease in net. The Wabash shows but
small changes for October— $9,077 decrease in gross,

918

THE

C H R O N IC L E .

$10,499 decrease in net. The Erie with $36,474 de­
crease in gross, has $3,471 increase in net. From
the South we have the return o f the Chesa­
peake & Ohio with an increase of $3,597 in
net on a decrease of $71,118 in gross.
Last
week we published the October figures o f the
Central of Georgia, which, while revealing a small
decrease in gross, showed $103,400 increase in net. The
Louisville & Nashville in that month suffered a very
heavy falling off in its gross earnings — nearly
fou r hundred thousand d ollars; in net its loss
is only $127,678. The N orfolk & Western with
$12,217 decrease in gross has $22,071 increase
in net. The N orfolk & Southern has $913 de­
crease in gross, $523 increase in net.
T h e Kansas
City Memphis & Birmingham lost $8,691 in gross
but gains $2,019 in net.
In the Southwest, the
A tchison furnishes a very striking instance of reduced
expenses, a decrease of $333,639 in gross being
attended by a contraction of $433,276 in ex­
penses, giving a gain of $99,637 in net.
The
Kansas City Fort Scott & Memphis fell $59,928 behind
in gross but was able to reduce’ expenses $64,476, and
thus has a gain of $4,548 in net.
The Houston East
& West Texas lost a small amount in gross ($285)
but added $6,213 to its net. The Kansas City Clinton
& Springfield, with $3,819 increase in gross, reduced
expenses $6,986, giving $10,805 gain in net.
In other sections of the country the same tendency
towards reduced expenses is observable. The Southern
Pacific Company, for instance, operating 6,624 miles,
Buffered a decrease of $149,200 in gross during Oct.
ober and offset more than the whole of it by a decrease
o f $175,170 in expenses. On the other hand, the
Canadian Pacific, which is outside the country and
which previously had done much better than United
States roads, this time makes a less favorable exhibit;
the road added $52,058 to its gross earnings hut, owing to
an augmentation of $130,135 in expenses,its net earnings
have decreased $78,077. That road, however, stands
exceptional in this particular. Even the Philadelphia
& Beading and the anthracite coal roads appear to be
falling in line. The Beading, on the business of the
Bailroad Company, though having lost $120,789 in gross
earnings, reduced its expenses in a somewhat larger
sum, and has a small gain in net— $9,375. The Coal
& Iron Company must have mined a greatly increased
amount o f coal as compared with the same month last
year; the changes there are very large— $846,758 in­
crease in gross, $79#,415 increase in expenses. The
Central of New Jersey is another anthracite property
whose October return is favorable; we gave the figures
last week; they showed $21,042 decrease in expenses
w ith $31,325 increase in gross earnings, the two com ­
bined giving a gain in net of $52,367.
Th e following statement, made up from returns col­
le cte d by us, show the week's receipts and shipments
o f currency and gold by the New Y ork banks.
Week Ending Dec. 3,1898.

Received by Shipped by
N. Y. Banks• N. Y. Banks.

Net Interior
Movement.

$9,143,000
1,242,000

$1,891,000 Gain.$7,252.000
520,000 Gain.
722,000

Total gold and legal tenders.... $10,385,000

$2,411,000 Galn.$7,974,000

Gold........................................................

Kesulfc with Sub-Treasury operations.
the view8 Dec. 1, 1883.
.

Into
Banks.

■'eFt. as above $10,385,000
10,400,000

markets through^.......

Out of
Banks.

Net Change in
Bank Holdings.

$2,411,000 Gain. $7,974,000
300,000
10,700,000 Loss.

$20,785,000 $13,111,000 Gain $7,674,000

|Vol . L v u .

The following table indicates the amount of bullion
in the principal European banks.
Bank of

November 30, 1893.

December 1,1892.

Gold.
England.........
France...........
Germany.......
A-ust.-Hung’y
Netherlands..
Nat.Belgium.
Spain..............

Silver.

Total.

Gold.

Silver.

lotal.

£
25,988,970
68,222,991
29.370.000
10.257.000
3.378.000
2,655,333
7.918.000

£

£
25,988,970
119,016,556
39.100.000
26.359.000
10.296.000
3,983.000
14.537.000

£
24,900.231
67,443,470
32.844.000
10.780.000
3.169.000
3,155,333
7.611.000

£

£
24,900,231
118,570,339
43.792.000
27.837.000
10.191.000
4,733,C O
O
12.708.000

50,793,565
9.790.000
16,102,000
6.918.000
1,327,607
6.019.000

51.126,863
10.948.000
16.857.000
7.022.000
1,577,667
5.097.000

Tot. this week 147,790.294 91.550.232 239,310,520 149,909,040 92.628,530 212,537,570
Tot. prev. w’k 147.827.240 91.362.232 239,189,472 149.831,408 92.485.051 242.297.059

T H E A N O M A L O U S P O S IT IO N O F E R IE .
No one Can study the report of the New Y ork Lake
Erie & Western, issued this week, without being im­
pressed, we think, with the anomaly that the affairs
of this property present. Here is a great corporation
which from recent events must be supposed to be get­
ting more and more embarrassed. Last July it was
placed in the hands of receivers, and still remains in
charge of these agents of the C o u rt; no sooner had this
step been taken than the company defaulted in the
rental payments under its lease of the N ew Y ork Penn­
sylvania & Ohio ; on November 1 it failed to pay the
interest due that day on the reorganization 1st lien
bonds ; yesterday (December 1) it defaulted in the
payment of interest on the second mortgage consols.
Along with this train of events have come rumors, vague
at first but latterly growing in definiteness, of a con­
templated reorganization involving the scaling down
of the rate of interest on some of the company's issues
of bonds.
In the midst of the doubt engendered by this state
of things, the annual meeting of the stockholders is
held and the report for the year ending September
30th submitted. Previously nothing had been known
as to the course of the company's income since last
June, the monthly statements of earnings having been
discontinued when the receivers took possession o f the
property. As security holders and the public were
thus in the dark, and as trade was greatly depressed,
with railroad earnings falling off all over the country,
the successive defaults in the rental and interest pay­
ments very naturally created apprehensions of an un­
favorable situation of the company's income such as
might furnish special ground for the rumors of a pro­
posed reduction in the rate of interest. But now that
the report has been issued, it is seen that the company
has not failed of earning its interest charges or any
portion of the same. On the contrary there is a sur­
plus, and this surplus is somewhat larger even than for
the year preceding, reaching almost a million dollars—
in exact figures, $917,438. The result allows for full
interest on all the various issues of bonds and also on
the floating debt, and has been obtained, it should be
remembered, in a year the last quarter of which cov­
ered a period of industrial paralysis without a parallel
in the history of the United States. Moreover, the com ­
pany last night issued its return for October, and this
shows that the new fiscal year has begun auspiciously,
there being a slight increase in net earnings over Octo­
ber, 1892.
But while all is certainly very satisfactory, it is
doubtful whether bondholders will derive any great
amount of com fort from it. The interest has been
earned on the bonds, but the company finds itself una­
ble to pay it by reason of its financial embarrassment..
A nd the position of both the company and the bond-

D ecf.mbeb 2, 1893.]

THE CHRONICLE

919

holders is rendered doubly anomalous by reason of the
fact that notwithstanding the large surplus above the
charges which the accounts show to hare been earned,
not only in the late year but for several years preced­
ing, it seem3 to be admitted that a reorganization on a
basis involving some scaling down of interest rates can
hardly be avoided. Contrary to expectations, the re­
port does not submit any plan of reorganization, though
it contains a remark to the effect that it will be neces­
sary lor the board of directors to devote its early atten­
tion to the preparation and promulgation of such a
plan; and at the meeting of the board this week, after
the election, a committee wa3 appointed to devise a re­
organization scheme.
The story of the company’s embarrassment is well
known, and has been frequently told in these columns.
The company has made considerable capital outlays
from year to year in order to provide necessary equip­
ment, additions and improvements, and there being no
w a y to raise the funds required for this purpose by the
issue of bonds, the management have had to have re­
course to the issue of notes and bills payable, besides
using current assets, with the result of creating a floating
debt of steadily rising dimensions. We showed last year
how the company's current liabilities had been
increasing at the same time that its available cur­
rent assets were diminishing, and by adding the
figures for the present year the comparison becomes
still more striking. It is proper to aav that to arrive
at the totals for this year we have combined the sepa­
rate statements of the company and the receivers.
Fuel and materials on hand are not counted a3 an
available asset in any of the years, nor are contingent
assets considered.

But while the cause of the company's trouble is
plain and obvious, it yet remains true that the lot of
the second mortgage bondholder is a very unfortunate
one, and he is entitled to a great deal of sympathy.
He has rested under the idea that he had a sound and
safe investment, only to find that he has made a mis­
take and that his investment is insecure. On the
strength of the company's statements investors would
appear to have been justified in buying the bonds any
time witbin the last five years, for the company re­
ported a surplus of 8 6 0 1 ,7 9 9 in the year 1 8 8 7 , § 7 3 8 ,8 4 2
in the year 18 8 8 , $ 7 7 4 ,7 7 0 in 1889,’ $ 8 6 0 ,3 5 4 in 1 8 9 0 ,
$ 1 ,0 0 5 ,3 7 8 in 1 89 1, $ 7 3 3 ,2 6 0 in 189 2, and now $ 9 1 7 ,438 in 1893. Moreover, in some of these years it was
deemed wise to pay interest on the incomes and
in one of the years also a dividend on the pre­
ferred shares, a fact which would naturally
tend further to promote confidence in the
stability and value of the bonds. To be
sure, the investor has had full knowledge of
the existence of a floating debt, there having
been no attempt to conceal the fact, but it is only
within the last year or so that this floating debt has
become a really conspicuous factor in the company's
affairs. And even then it did not occasion any very
profound anxiety, it being supposed that the company
would be able to devise a plan for funding it. The
receivership itself when it came, it is well to remem­
ber, was widely regarded as only a temporary arrange­
ment, the result of the extraordinary monetary con­
ditions which existed at the tim e; as soon as the
stringency in money ceased, it was argued, the property
would be restored to its owners, for was not the
earning capacity of the road entirely satisfactory.
Xet amount Since then, too, this earning capacity, as we now see,
has not been impaired, at least as regards net results ;
nevertheless, Street gossip is stronger than ever that it
is not alone the floating debt that needs attention, but
the fixed charges as well.
Perhaps after all it is best that a reorganization of
This furnishes a graphic illustration of the way the
company’s difficulties in this regard have been growing the character indicated should bo made. And yet the
during the more recent years. The amount of loans fact that such a reorganization should be broached or
and bills payable has increased since 1890 from $1,849,865 necessary is in itself a suggestive one. Many of the
to 14.158,670, the gross total of all current liabilities second consols are held on the other side of the ocean,
{including the bills payable) from $6,636,360 to and the criticisms there regarding American raitroad
$11,328,390, and the net total of liabilities from 1} methods and American railroad management have with­
million dollars to 6| million dollars. In the very brief in the last few years become very free and very severe.
remarks given in the report there i3 a statement to the It i3 impossible to deny, too, when a case such as that
effect that "du rin g its past the company has been under review comes up, where a company has been re­
greatly over-capitalized," Obviously, however, there porting a large surplus above charges year after year*
has been no over-capitalization in the sense that and where investors have been buying its securities on
the company
has been nnable to earn its the strength of such statements, and where yet there
fixed charges, for the reports show that for seems no escape from the necessity for a scaling down
a long term o f years the property has been able to net of interest—it is impossible to deny under these circum­
a handsome surplus above the charges. lienee the stances that there is a basis for the fault-finding which is
point made can hardly be considered to have much becoming so common among foreign investors in our
force, and certainly it is not available as a plea for ask­ railroads. We have the less hesitation in speaking
ing concessions of the bondholders. Over-capitaliza­ thus openly and candidly, because in this instanco the
tion, if it exists, is not a recent development, or a new blame for the existing situation can hardly be charged
element in the affairs of the company, and in spite of upon the management; they have administered the
it the company has managed to earn its charges. property with skill and fidelity, and have handled the
Moreover, if the floating obligations existed in the shape finances as well and as satisfactorily as was possible
of a fixed indebtedness, no question could to-day be under the circumstances. But that does not alter the
raised as to the soundness and solvency of the property, fact that the company ha3 been obliged to succumb,
for in that form fixed charges would be no heavier and that in the light of the consequences which it is ad­
than at present The difficulty, therefore, lies solely mitted must follow that event, the income statements are
and simply in the existence of the floating debt and in proved to have been misleading guides to the investor.
L tm iu n tu t
b a t* p a y a b le ,
¥
1 3 3 0 .. .. . . 1 , 8 1 9 , 3 0 5

M jggt,
3U.

T ota l o f n il
e u r r tt il tm biU M t*.
9
fl.8 2 6 .3 G O

1 8 9 1 ..

7 .3 5 1 .0 2 8

1 8 9 2 ..

9 .1 3 9 .7 8 5

1 8 9 3 ..

1 1 ,3 2 3 ,;I3 0

r a r e r nt
a is tU ,

© / U a bU U k *.

*
5 .1 1 3 .7 8 3

1 ,5 1 2 .5 6 8

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

$

3 .5 3 1 ,6 9 3

5 ,4 1 7 .1 1 0

6 ,7 6 1 ,7 2 2

the policy or system which permitted or necessitated its
The essential thing now is to avoid a repetition o f
creation and accumulation.
a like mistake hereafter. The road has been suffering

92U

THE CHRONICLE.

[V ol . LVII.

from a defect in its financial machinery, and in any 1883, the lease has entailed a los3 upon the Erie of
new reorganization this defect should be remedied and $1,407,525. The report says that in any readjustment
removed, to the end that the income statements shall of the affairs of the Erie some proper modification of
he a perfect guide to an intelligent judgment regarding this lease should be made, and a financial plan adopted
the property’s ability to provide for its yearly inter­ whereby funds may be obtained upon the security of
est charges. The amount of new capital required from the property without materially increasing the annual
year to year should be carefully determined and provi­ burdens of the Pennsylvania & Ohio, and which judic­
sion made to supply it. This done, bondholders, we iously expended thereon would place that line in a con­
think, will not object to making reasonable concessions, dition to successfully compete with its rivals.
not because of the existence of over-capitalization but
because it is to their interest that the bonds to be issued
T H E R IO G R A N D E W E S T E R N R E P O R T .
to provide for the yearly capital requirements shall be
Very naturally, considerable space is devoted in the
such as to command good prices and a ready sale.
Bondholders will also insist, we are confident, upon as­ Rio Grande Western report to the events which have
surances that the new capital to be put into the property happened since the close of the fiscal year on June 30
each year shall return full interest on the investment. and to their effect upon the revenues and tonnage of
Additions to capital account which do not bring a return the road. It has been matter for surprise that the loss
in the shape of increased revenues no longer find favor of income sustained by the road during this period
in the eyes of investors. Above all, assurances will should have been comparatively so small. The Rio
have to be given that concessions now made shall not Grande Western runs through a section of country
be followed by the requirement of further concessions where silver mining is one of the chief industries. On
a few years hence. The Erie has been several times the basis of the late year’s results the road’s revenue
reorganized in its history. Not to go further back from the ore and bullion traffic forms only 15 per cent
than 1878, reorganization by foreclosure was had in of its entire freight earnings, but the effects of the de­
that year and assessments imposed upon the stock. In pression in such an important industry as silver-mining
1884 it again became embarrassed, and a number of the upon the general range of industries in that section
coupons on the second consols were then funded. For and upon the coal and coke tonnage and the mer­
its own welfare, as well as for the credit of American chandise tonnage of the road could not fail to be
railroad management, the present reorganization of the marked, especially when, as happened, this was supple­
mented by paralysis of trade and business all over the
Erie should be the last.
We have left ourselves little room to analyze the United States. That under the circumstances some
company’s revenue and traffic statistics, and really the anxiety should have been felt as to how the property
attempt at an analysis is this time baffled. Taking the would pass through this period cannot be deemed
Erie proper, there ha3 been, as compared with last year, strange.
a falling of $1,438,256 in gross earnings and a falling As already said, the loss of income has been smaller
off of $202,890 in net earnings. In the passenger than might reasonably have been looked for consider­
earnings there was an increase of $207,696, which is of ing the severity of the depressing influences at work,
course to he attributed to the World’s Fair at both general and local. Taking the whole four months
Chicago. In the coal revenue there was a decrease of from July 1 to October 31, gross earnings fell off $218,$130,673 and in the general freight revenue a decrease 534, or 21‘7 per cent, and net earnings $65,678, or 16-4
of as much as $1,541,211. Under ordinary circum­ per cent. It appears, moreover, that notwithstanding
stances this decrease would be taken to reflect the de­ this falling off the net income was sufficient
pression in trade which has existed during the recent to meet the proportion of the fixed charges for
months. We are not sure, however, that this conclu­ the four months and leave a surplus of $95,995. More­
sion is warranted in the present case, because of the over, in the closing month (October), the comparison
termination on August 31, 1892, of the contract under had already decidedly improved, the loss in gross for
which the Lehigh Valley had used the Erie’s tracks that month having been reduced to only 8£ per cent
between Waverly and Buffalo. In 1892-93, therefore, and in net to but about 2 per cent. These figures
the road received nothing from that source, against $1,- are taken from the report. We may say further­
207,668 in the elevefi months of the year preceding. The more, however, that for the current weeks of
report says that the Erie has “ itself supplied the local November the weekly returns of earnings have
coal trade along its lines with its own coal, and has actually shown an increase in gross for both the
thereby to a large extent overcome the loss, as it will second and the third weeks of the month.
be seen that the decrease in net earnings was but $202,- It is worth noting, too, that the ore shipments over
890.” The reference, it will be observed, is to the net the road fell below the totals of last year only in July
earnings, not to the gross earnings. The considera - and August, that in both September and October there
tions mentioned also affect the traffic statistics, wher e was an increase. General Palmer discusses the situa­
the general freight has fallen from 7,402,988 to 6,718,- tion and outlook quite at length, and we give his re­
186 tons, and the coal freight from 10,931,728 to marks in full in a subsequent part of this issue. We
9,743,261 tons, while at the same time the average have room here only for reference to a few special
received on the merchandise tonnage advanced from- points. With regard to the effect of the decline in
0 -682 cent per ton per mile to 0-692 cent, and the silver, General Palmer expresses the opinion that if the
average on coal from 0‘554 cent per ton per mile to price of the metal continues to hover around 70 cents
per ounce, the shipments of ore, bullion and coke over
P’627 cent.
On the New York Pennsylvania & Ohio gross earn­ the Rio Grande Western “can scarcely fail to be as
ings during the year increased $169,632 and net earn­ large as ever, since wages have been reduced generally
ings $266,590. As a result of this improvement, the over Utah to $2 50 per day, which is 16 per cent, com­
loss to the Erie under the lease was only $197,106, pensating, perhaps, as regards the average ores for a
against $425,888 the year preceding. Since May 1, fall of 7 or 8 cents per ounce of silver. This and other

December

2, 1893.]

THE

CHRONICLE.

921

economies, with a more general introduction of stamp compared with the twelve months preceding—the gross
mills, may largely overcome in Utah the effects of any earnings 8147,483, or 5-58 per cent, and the net earn­
fall in the silver market which has taken place thus ings $82,274, or 8 43 per cent. Even after this decrease
far."
the year’s net income left a surplus above the fixed
It is the general merchandise traffic, the report charges of $225,910. The full 5 per cent dividends^
asserts, whose falling off has been most serious as however, required $312,416, and hence accumulated
regards revenue and whose future for this winter seems surplus was drawn on to the extent of $86,506 to make
most uncertain. The merchants of Utah have good the shortage.
imported scarcely any goods since June, and say they Outlays bn new capital account to amount of over
do not expect to stock-np until spring. Meanwhile half a million dollars were incurred duriug the year,
Gen. Palmer finds that their Btores are becoming thor­ raising the total of capital expenditures against which
oughly depleted. Should the severe economizing of no capital issues had been made to $953,489. As a re­
the people relax, he argues, mercantile credits become sult, the amount of bills payable outstanding
more available, and prices of commodities begin to rise, which was reported as $400,000 June 30, 1892,
this stocking-up may take place sooner than is now had been increased to $826,000 June 30, 1893,
contemplated, and when it comes there will be a con­ the total having, however, since then—that
siderable gap to fill, with quick and profitable returns is, up to the 1st of November—been reduced to
to the railways. The report makes a good point when $741,000. Including the bills payable and adding
it says that this restriction of general business in the vouchers, pay-rolls, interest, dividends, etc., the total
territory of the Rio Grande Western, whatever its of all current liabilities June 30,1893, stood at $1,585,duration or amount, is not sensibly different from that 256, against which there were cash assets (not count­
which is being felt by the communities and railways ing $177,625 of materials and supplies on hand) of
generally throughout the United States, wherever situ­ $719,312, $436,420 being in actual cash. Besides this,
ated. The experience, therefore, of the Rio Grande the company held in its treasury two million dollars of
Western cannot be regarded as peculiar or due to sec­ its first mortgage bonds, in addition to nearly two mil­
tional conditions—the road is only sharing the com­ lion dollars of the first mortgage bonds of other railway
companies and also a considerable amount of the stock3
mon lot.
General Palmer also refers to the special features of of such other railway companies. There is also author­
strength which the road possesses. As a mountain ity for a farther issue of 1£ million dollars of Rio
link in a favored route of communication across the Grande Western preferred stock, which has not yet
country, it has a vast territory with a great variety of been availed of. The announcement is now made, too,
products to serve. Along its line there exists an that since the report was adopted, arrangements have
abundance of coal of superior quality, and which is been concluded for the extinction of the boating debt
mined very cheaply, while in the territory between by the sale of some of the bonds.
Utah and the Pacific Coast of California there is a
complete absence of this essential fuel. Shipments of C O T T O N C O N S U M P T IO N - A N D O V E R L A N D
M O V E M E N T TO D E C E M B E R 1.
California products east by rail are likewise showing
constant gains. Moreover, the whole of irrigable Utah As our weekly statements of overlaud receipts, &c.,
and Western Colorado below an altitude of 5,000 feet, have indicated, the movement of cotton in November
says General Palmer, is admirably adapted for raising has been on a fairly liberal scale. The returns for the
fruits. “ Too orchards and products are increasing full month have now been received by telegraph, and
from year to year quite rapidly and there appears to from them the subjoined statements covering the
be no good reason why Utah and Colorado should period from September 1 to November 30 have been
not before many years supply as much fruit, compiled. The amount brought into sight during the
except of course] oranges and lemons, as California month reaches 1,686,451 bales.
OVERLAND MOVEMENT TO DECEMBER 1.
is how shipping.” The beet sugar works at Lehi
are also adding greatly to the traffic of the road, as well The gross shipments overland have been greater
in carrying beets, coal, lime, &e., to the mill as in car­ daring the mouth than in the like period of 1892,
rying sugar from it, and “ there is apparently no limit reaching 288,369 bales, against 273,754 bale3 last year
to the extent to which this industry may be developed and 394.706 bales in 1891. The season's total is now
in Utah and in the valley of the Grand and its tribu­ 25,402 bales less than that of a year ago and 297,983
tary at the eastern end of our line.” The beets raised bales less than in 1891. The mouth's net records a
in this section are said to be very rich in saccharine decrease from the preceding year, having been 208,685
matter and of a high degree of purity, and hence the bales, whereas last year it was 213,211 bales and in 1891
hope is expressed that in time a goodly proportion of reached 310,971 bales. For the three months the
the sngar needed in the United States may be supplied aggregate net is 307,094 bales, a loss from 1892 of
42,908 hales, and compared with two years ago the
from said territory.
Consideration of the dividend policy of the road is decline is 25 L,765 bales. Presented in our usual form
held in abeyance for the time being by the unsettled the results for the past three seasons are as follows :
business outlook, and no dividend on the preferred
shares has been made since that paid in August. The
1891.
X893.
1892.
full 5 per cent on these shares was paid for the late Amount shipped—
13 7 ,7 4 3
2 4 3 ,3 3 4
201,905
fiscal year but was not quite earned in that period Via Cairo ................... - ............. .
15 0 ,8 0 1
70,103
02,401
and therefore came in part out of accumulated
8 6 ,3 9 0
81.848
4,558
1 2 .9 2 8
4,776
4,711
surplus. That of course is a circumstance which
7 9 ,2 1 9
56,018
37,253
would make the management cautious about re­
5 5 ,7 2 0
36.322
40,310
48,030
7 9 ,8 9 3
34,255
newing the dividends until the outlook became
3
3,518
reasonably certain. Gross and net earnings fell off Snipped to mill/!, not Included a b o v e ... 3,460 444.153 7 1 7 ,7 4 2
,0 3 4
410.051
Total {rrnn* <miTl a w l ...............
slightly in the twelve months ending June 30, 1893, as
O V E R R A N !) F RO M B K 1TB M B B R X TO D E C E M B E R X.

THE CHRONICLE.

922
Deduet shipments —
Overland to New York, Boston,
..
Between Interior t o w n s ..........................

1891.

1892.

1893.

New Orleans, inland and local m ills ...
Mobile, inland and local m ills.................
Savannah, inland and local mills...........
Charleston, inland and local m ills........
N . Carol’a ports, inland and local mills.
Virginia ports, inland and looal m ills..

67,0 0 5
11,718
1 ,052
9,449
8 ,473
346
3 ,442
350
10,122

62,486
7 ,’.0 5
5,531
5,936
4S6
6,731
315
5,811

84,1 1 0
29,351
319
11,470
22,4 8 6
544
4,814
287
4 ,7 9 4

Total to be deduoted............................

111,957

94,451

158,175

Leaving total net overland*..............

307 ,0 9 4

3 50.002

558 ,8 5 9

* Tills total includes shipments to Canada by rail, whloh since
September 1 in 1 8 9 3 'amounted to 15,597 bales; m 1392 were 15,9 8 1
bales and in 1891 were 18,103 bales.
R E C E IP T S , E X P O R TS A X D

M ovem en t fro m
S e p t. 1, 1893, t o
D e c . 1. 1893.

Galveston..........
Velasco, &u...
New Orleans. ..
M obile................
F lo r id a ............
8avaniisih..........
Brunswick, d .
fcu

Charleston.......
Port Kojal.&c.
W ilm ington....
Wa*iiin£t’n,&c
N o r f o l k .................

W est P o in t....
NewpTNewB.&c.
New Y o rk ........

Boston..............
Baltimore...........
Bhiladelphia,&c.

R eceip ts R eceip ts
s in ce
S ep t. 1
S ep t.

1

18w3.

1892.

582,357
17,998
867,419
103,014
9,90?
560,373
41,564
210,466
33,367
112,892
296
238,7o7
104,766
14,2412,57b
25,375
16,970
12,07£

637,203
26,554
635,111
94,223
12,068
5 6,496
84,489
205.900
232
110,813
466
150,641
131,201
8.750
11,643
21,830
12,585
13,428

Stock on hand end of month (Nov. 3 0 ,1 8 9 3 ) —
At Northern ports______ ______b ales. 2 1 6 ,3 2 7
At Southern ports .................................... 9 3 3 ,5 6 4 -1 ,1 4 9 ,8 9 1
At Northern Interior markets..................................
7 ,5 0 0 -2 ,9 7 5 ,2 5 9
Total takings by spinners since September 1 ,1 8 9 3 ...............
Taken by Southern spinners...............................................................

7 6 1 ,3 0 6
2 1 8 ,0 0 0

Taken by Northern spinners sinoe September 1, 1 8 9 3 ............
Taken by Northern spinners same time in 1 8 9 2 ......................

5 4 3 ,3 0 6
6 3 1 ,3 0 7

Deorease in takings by Northern spinners tills y e a r...b a le s .

1 0 8 ,0 0 1

The above indicates that Northern spinners had up
to December 1 taken 543,306 bales, a decrease from the
corresponding period of 1892 of 108,001 bales and a
decrease from the same time of 1891 of 427,877 bales.

S P IN N E R S * T A K IN G S .

Receipts at the ports for the month have been 1,272,776 bales, against 1,125,855 bales last year and 1,376,909 bales in 1891. The aggregate for the three months
is consequently 294,770 bales more than for the same
period in 1892 and 624,705 bales less than two years
ago. The outward movement of cotton ha3 been on a
quite liberal scale in November this year, the total
foreign shipments having been 934,346 bales, against
912,069 bales a year ago, and for the season to date the
aggregate exports have been 1,807,568 bales, or 54,148
bales mme than for the corresponding period of 1892.
Oar usual ta of receip s, exports an I stocks is as
follows :
EXPORTS SINCE SEPT. 1 1893 TO— S tock*
N ov . 80,
G re a t
C o n tiF r a n ce .
T ota l.
1893.
B r i t a in ’
n en t.
254,135

47,316

248,208
13,224
60,994
11,039
51,157
29,961

144,067

50,952
15,355
114,014

352,403
13,355
508,280
13,224

22,187
2.60C
0,475

154,952
6,330
62,736

147,838
18,500
80,397

38,871

238,133
19,969
320,368
29,961
69,915

07,378
24,051

74,384
2,432
51,719
1,013

46,753
2",542
2,402
229,145
54,983
70,355
6,741

31,071

46,403
25,542
2,102
148,51/
52,551
21,803
5,125

350

0,244
2,833

168,457
316.016
28,'03

35,498

8.060

161.119
22/00
25,0.39
7,228

5VOL LVI1

A M O U N T OF CROP N O W

IN

S IG H T .

In the foregoing we have the number of bales which
has already been marketed this year and the two
previous seasons. An additional fact of interest is the
total of the crop which was in sight on December 1
compared with previous years. We reach that point
by adding to the above the stock remaining at that date
at the interior towns less stock held by them at the
beginning of the season. In this manner we find the
result for three years on December 1 to be as follows:
1893.
Total marketed, as a b o v e .... bales.
Interior stocks in excess of Sept. 1 .

1 8 92.

1891.

3 ,4 8 6 .5 4 7
3 44,000

4,3 2 1 ,0 1 7
4 6 0 ,0 0 0

3 ,8 30,547

Total in sieht...................

3 ,2 12,685
2 42,000
3 .4 54.685

4 ,7 8 1 ,0 1 7

This indicates that the movement up to December 1
of the present year is 375,862 bales more than in 1892
and 950,470 bales less than in 1891.
As it will interest the reader to see what has come
into sight each month of the season during this and
previous years, we have prepared the following, which
shows the movement for the last four seasons.
Months.

1893.

1892.

1891.

September.............
October..................
November.............

511,273
1 ,632,823
1,6 8 6 ,4 5 1

5 22,552
1 ,4 6 '.,0 67
1 ,467,066

826,932
2 .026, *05
1 ,927,880

860 ,2 7 4
1,723,759
1,615,981

Total 3 months.
Balance season...

3,8 3 0 ,5 4 7

3,4 5 4 ,6 8 5
3,2 6 2 ,4 5 7

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

4.2 6 0 ,0 1 4
4 ,4 5 3 ,5 0 4

6 .7 1 7 .1 /2

9 .0 ^ 8 ,7 0 7

8 .655.518

T « fal ernr». ___

....
W E IG H T

1890.

OF B A L E S .

To furnish a more exact measure of the receipts up to
Total 1892......
2,666.683 1,118,605 206,029 428,096 1.7o3,4i0 1,040,861
Dec. 1 we give below our usual table of weight of bales.
Total 1*91__
3,586,158 1,'31.917 223,197 582,969 2,138.083 1.241,249
We give for comparison the figures for the same time
• Great Britain exports inolude to the Channel.
Using the facts disclosed by the foregoing statements, in the two previous years.
we shall find that the portion of the crop which has
Same
Sqme
Three Months Ending Dec. 1, 1893. peH ’d in perV din
reached a market through the outports and overland,
1892.
1891.
and the Southern consumption, since September 1 this
Weight in
Number o f
Average Average Average
year and the two previous years, is as follows.
Bales.
Pounds.
Weight. Weight. Weight.
Total 1893...... 2,961,453

1,002,135

232,072

573,381 1,807,568 1.149,801

-W
1893.

1892.

1891.

Receipts at the ports to Dec. 1 ___ bales. *2,961,453 2 ,6 66,683 3 ,5 86,158
Net shipments overland during same time 3 07,094
350,0021 558 ,8 5 9
Total receipts.................................. bales. 3 ,2 68,547 3 ,0 1 6 ,6 8 5 '4 ,1 4 5 ,0 1 7
boathern consumption since September 1 21 8 ,0 0 0
1 96,000
176,000
Total to December 1 ................. bales

3 ,4 86,547 3.2 1 2 ,6 8 5 4,3 2 1 ,0 1 7

Texas .................
Louisiana...........
A labam a........ ..
Georgia*.............
South Carolina.
Virginia.............
North Carolina.
Tennessee, & c ..

600,355
867 ,4 1 9
103 ,0 1 4
6 1 1 ,8 4 1
2 40,833
3 57,795
113,188
592 ,0 9 9

3 1 1 ,9 6 8 ,4 7 2
4 3 1 ,1 0 7 ,2 4 3
5 1 ,9 1 9 ,0 5 6
2 9 9 ,2 1 6 ,1 9 0
117,02 0 ,7 5 5
1 7 5 ,4 8 7 ,7 1 4
55 ,2 9 7 ,9 9 7
29 3 ,0 8 9 ,0 0 5

519-64
49700
50400
489-04
485-90
490-47
488-55
495 00

532-61
497-62
504-00
490 50
484-30
490-93
4 9 0 00
49610

524-76
496-86
506 0 0
492-28
496-42
4 96-40
502-27
504-89

The amount of cotton marketed since September 1 Total............ 3 ,4 8 6 ,5 4 7 1,735,1 0 6 ,4 3 2 497-66 501-38 502-41
in 1893 is thus seen to be 273,862 bales more than in * Including Florida.
1892 and 834,470 bales les3 than in 1891. To It will be noticed that the movement up to Dec. 1
determine the portion which has gone into the hands of shows a decrease in the average weight as compared
Northern spinners during the same period we have with the same period of last year, the average this
prepared the following:
year being 497‘66 lbs. per bale, against 501'38 lbs. per
Total receipts to December 1 ,1 8 9 3 , as aboye.................bales. 3 ,4 8 6 ,5 1 7
bale for the same time in 1892 and 502-4L lbs. in 1891.
Stock
commencement, ot year (Sept. 1 ,1 8 9 3 ) —
oq

baud

A t Northern p o r t s ............. ................ ..
1 5 1 ,5 2 4
A t Southern ports....................................
9 1 ,7 4 7 — 2 4 3 ,2 7 1
A t Northern interior markets................................ .
6 ,7 4 7 — 250,(118
Total supply to December 1 ,1 8 9 3 ............................................
O l this supply there has been exported
to foreign porte since Sept. 1 ,1 8 9 3 ..1 .S 0 7 ,568
Lees foreign cotton in cluded____ ____
5 ,4 1 7 —1 ,9 0 2 ,1 5 1
Sent to Canada direct from W est................. .............
15,5 9 7
Burnt North and South............... ................................
120

THE

D R Y GOODS T R A D E

D U R IN G

NOVEM BER.

The early part of the month was not distinguished
by any new features in the cotton goods division of the
3,7 3 6 ,5 6 5
market, but there developed later an improving tone
with an increasing demand for staple goods forimmadiate use. The repeal of the Shermau Law was iu fac t
*gradually exercising a beneficial influence, and althong h.

D ecembeb 2, 1893, j

923

iTHE CHRONICLE.

n o t to s a c h a m ark ed e x te n t as h ad g e n e r a lly b een lo o k ed
fo rw a rd to , it h a d e le m e n ts o f sta b ility to all a p p ea r­
a n c es g r a tify in g to sellers. F o r th e first se v e n te e n d a y s
sales w ere in e x cess o f a co rresp o n d in g p e r io d for a c o n ­
sid era b le tim e p re v io u s. T h e n b u sin ess was c h e c k e d
b y th e a n n o u n c e m e n t o f a la r g e a u c tio n sa le o f sta p le
a n d fa n c y c o tto n g o o d s by ord er o f B liss, F a b y a n & C o,
T h e sa le w as h e ld N o v . 2 2 , an d so m e 1 8 ,0 0 0 p a ck a g es
o f th e v a lu e o f n ea rly $ 2 ,0 0 0 ,0 0 0 w ere d isp o sed o f u n d er
m o st e n c o u r a g in g co n d itio n s, c o m p e titio n b eiu g a ctiv e
a n d p rices on th e a verag e clo se u p to m a rk et lev el.
S in c e th e sa le th e m a rk et h a s b een in a ll w ays th e b et­
ter for it. T h e to n e is m ore c h e e r fu l, m ore b u sin ess
h as b een d o n e b o th on a c c o u n t o f im m e d ia te w a n ts an d
fo r th e sp r in g sea so n , a n d p r ic e s in sere ra l in sta n c e s
h a v e b een a d v a n ced . S o m e o f th ese a d v a n c e s, h o w ­
ev er, are m ore d ir e c tly d u e to a str o n g m a rk et fo r p rin t
c lo th s. O f th e se , sa les w ere e x c e e d in g ly la r g e d u r in g
th e la st w eek o f th e m o n th , w ith a n a d v a n ce o f
to
th e basis o f 3c. fo r G4 sq u a re s. T h e a d v a n ces in fin ­
ish e d g o o d s in c lu d e ft*. in k id -fin ish e d ca m b rics an d
c e r ta in so lid p r in ts a n d J c. in in d ig o b lu e s. T h e early
p u b lic a tio n o f th e p r o v isio n o f th e p ro p osed tariff b ill
has h ad a q u ie tin g e ffe c t ou th e d em a n d tow ard s th e
c lo se , b u t th e to n e has n o t b een a ffe c te d , an d w ith lig h t
sto ck s in m ost d ir e c tio n s p r ic e s are m a in ta in e d . C o l­
le c tio n s h a v e b een g e n e r a lly g o o d th r o u g h o u t th e
m o n th .

responsibility resting upon them, and the surpassing magni­
tude, difficulty and delicacy of the duty assigned them of
framing a tariff bill for a nation of seventy millions of people.
*

*

*

*

*

*

*

“ The committee has welcomed information and counsel
from every trustworthy source, and, while it does not expect
its bill to esaape just criticism in all of its details, it does
present it to the country as the result of months of patient,
anxious toil, and of an honest desire to discharge its duty,
purged of all taint of local and personal favoritism and preju­
dice.
“ Its main features are two :
“ First, the adoption, wherever it seemed practicable, of
ad valorem instead of specific duties.
“ Secondly, the freeing from taxes of those great materials
of industry that lie at the basis of production.
“ Specific rates of duty are objectionable for these reasons :
They frequently conceal a rate of taxation too enormous to be
submitted to, if expressed in a i valorem terms, as the duty of
8 cents on 100 pounds of salt in bulk, which amounts to over
80 per cent on a common necessary of life. Tiiey always bear
heavily on the common article used by the masses and lightly
on the exjiensice article consumed by the rich, aa a tax of $50
on all houses would be little or nothing on the great mansion
and very high on the humble home.
“ Ana, contrary to common belief, specific duties lead to
greater frauds in administration, for counting and weighing
at the Custom House are done by the cheapest and most easily
corrupted labor, while ad valorem rates are assessed by the
best-paid and moat responsible appraisers.
“ The ad valorem system has worked well in practice, is es­
sentially the fair system, because it is a tax upon the actual
value of an article, an t was declared by Sir. Clay himself to
be in theory, and according to every sound principle of justice,
entitled to ilie preference, and vindicated by long trial.
“ The boldest innovation of the bill is its large free list of
raw material*. 'Taxes upon production are double wrongs.
They gather and cumulate on the consumer of the finished
pro met. They hurt labor by narrowing the market for what
it products.
"Coal and iron are the foundation of modern industry.
Material progress is measure 1 by the amount of their con­
M
1892.
189.8.
sumption. No other country can supply them as abundantly
S
or cheaply as we can. No possible competition can interfere
n i OoU'n Prtnt- Bhtel- Lan- a’lb’n OoU’n f n n t - Bktct- L<in- j X'r/l’it
m Xtm ) in g \ ingt, ca$t+r 3-yrf.
with our own producers a few miles in the interior of the
iow
mg
ingt, Mater 3 gd.
>
mid- ct.Mts. slatui- Oing . /ir<t country. Komoteaeas from the sources of supply is in itself
mid- et’M&i. tUHd- m m k thtel0
X diittg. 64*04 ant. M M I. iht/f. dlm g. 04x64 ard. hmm ingt. enough disadvantage to any sacti m of the country without
further burdens ut tariff taxes.
5H
3*S9 ! 6H F I
l : 7% j 3-SS | 8%
(5
■ T’o
3*69 i OH
7
0
a.. 7-e ! z - H i ! oh
“ Untaxed ore?, coal, lumber, wool and other fibres must
.'*■ 4 1 V *
AH
7 l» ,« 3-0-J e%
7
:j,. 7 U ,# 2 lit j 0H
8
51*
5H
lannen-t-ly stimulate production in certain parts of our coun­
7
4.. TMtftj 2*94 i e*m
0
5H
714,9 is*83 ; 8%
try. The'thin edge of tmehcia manufactures has entered
3 ...
3
7
5.. ........ J ..
3*fc9 OH
OH
8,„ TiSjgf 2-83 \ Hh
8
5*4
.... every country. With release lr mi taxes upon their materials
7
7.. . . .
8 14 3*09 0*4
5H
there is no limit to the growth of our foreign trade. This
....
5*4
8„ 7%
2-88 :
d
will more than compensate « > the h une producers of raw
7
0.. 71*,,! 21)4 ! OH
5H
•v« 1 8-;10 3 75 OH
0
material, who, tariff or no tariff, control ail the interior of
5%
10.. 7 ' ,
still
8**
7
81,9 3*75 : SH
«
5*9
7
3 75 1 0H
7 a , « ......... . ... 8
5H
. sri#
the country, for any apprehended loss of markets anywhere
7
!2 „
AH
«l>,9 3*75 ! OH
along the seaboard.
13..
0
5 >9
..............J»— . . . . .
27)1
O'*
“ It* incalculable advantage to labor is apparent. In every
OH
14,. 7 \
-.1.
7
if9 4 I «H
0
f,H
S»»19 3-75
13. 7 *
8
OH
7
2 04
8H
0
great line of manufactures we can produce in six months to
5*9
81*14 3*75
8*9
IS.. 711,, 21H
7
S i* ,. 3*75 ] OH
8
«
6*4
nine months enough for our home uinrket. We can get rid of
17,. T il,,! 21)1 ! 8*9
6
fcH
5*9
7
0
81*,, 3*81
our surplus only by foreign trade. As long as we have taxes
IS.. 7*9
8
8
3 -« l - 6H
2*94 ; 0 ‘s
5 -,
7
on the materials of industry we cannot build up that trade.
19.. . . . . . . . . . . ___ 8...
3
8
7
3-S7 0%
20.,
8
I 2-91 : 0 h
“ Hence, the other alternative of trusts to keep down pro­
2*.. 7*9 j 2-88 t Oil
9
t
“ '0
8
POO OH
5 >i
duction to the home market. The workingman esn see
*22.. 7*te 2-04 tisi
7
0
3*4
0
l* h « 4 O0 ; 6%
wh-ther his Interest is with a system that represses production
23,. 7U le 2-88 «H
0
7
4 0 0 : 6H
OH
»H
2 4.. 711 u 2*94 ' 0H|
8
. . . . .. . . . f f . .
and robs him of employment, or with a system that gives
25.. 7U «| 2-34
7
4*00 i 0%
0
t>8*
0
5H
»r ii
natural and healthy play to production and emancipates him
0
7
from trusts and like cimbtnaiions of capital.
27.. 7%h 1 3*00 8%
6
5*4
7
2 8 _ 7**
0
"A s to the details of ihe bill, I will briefly recapitulate the
3-00 0*9
8
5H
O') ,4 4*o0 0H
0
29.. 7*s
B
7
3-00 : G>.
4110 i OH
5*4
OH
salient changes of the several schedules:
7
0
30..
....
. . . . ... OH
4*00 j 6H
“ In the chemical schedule we h ive transferred to the free
........... 1............M
list quite a number of arucl* s used in manufactures, the most
T&© above prioe* arw—f ’or mu*:.m . lo riMtldltaf upland* at Mew YorU,
w
important of which T sulphuric acid, one of the cornerstones
<
for priming e!«»Un, m*aafa«tajren§’ net pric^u. for ante*iaf*» agents*
of all chemical Industry. The duty on castor oil is reduced
prim*, which are m b jm z w an averag* discount of 5 per m m , except
w
hen otiiefw elated: Southern afreet!tu neL
iae
e»
from 85 to 83 cents a gallon, and the duty on linseed oil,
which was secretly r iised to 32 cents by the conference com­
mittee on the McKinley bill, after each house had openly
TIIE P R O P O SE D T A R I F F MEASURE.
voted for a lower duty, we put at 15 cents a gallon. Pig
lead being reduced from
T h e C o m m itte e on W a y s and M ean s o f th e M ou se of correspondingly reduced.2 to 1 cent a pound, lead paints are
R e p resen ta tiv es, w h ich h a s b een c o n sid e r in g m easu res “ The McKinley bill increased the duty on opium prepared
fo r th e rev isio n o f th e tariff la w s, on M on d ay o f th ig for smoking to $13 a pound, in the vain hope of lessening its
importation. The Custom House officers on the Pacific coast
w eek m a d e p u b lic th e b ill w h ich it is in ten d e d to rep ort fo r declare that tills Increase of duty has simply placed in the
th is p u rp ose to th e M ou se at its re g u la r sessio n n e x t hands of smugglers the bringing in of opium, to the demoral­
ization of the Customs Service, and the loss of over half a
w e ek . W e h a v e n o t th e sp ace to g iv e th e b ill itse lf, million revenue. The dutv proposed is believed to be collect­
b u t p r in t h ere th e s ta te m e n t b ea rin g u p o n it w h ich ible and will pot the traffic under Government control and
supervision.
M r. W ilso n , th e C h airm an o f th e C o m m itte e , has
" in the pottery schedule substantial reductions are made.
fu r n ish e d a lo n g w ith th e b ill. T h is sta te m e n t c o n ­ Plain white ware is drooptd from >he high schedule in which
it mysteriously crowded itself. Decorated ware is reduced
ta in s a gen era l o u tlin e o f th e c h a n g es it is p rop osed to from 80 to 45 per cent. Undecorated from So to 40.
* In common window gla»s, where close combinations have
•
m a k e in e x istin g law s, a n d also in d ic a te s th e p la n
kept up the prices to consumers under the
or m eth o d p u rsu ed in fr a m in g th e m easu re. T h e averaging 100 per cent, a.reduction of more shelter of duties
than one-half has
ch a n g es in th e in tern a l re v en u e la w s h a v e n o t y e t been been made in all the larger sizes. There is no doubt that
these rates will permit a very healthy growth of tho industry
d eter m in ed .
here.
“ The Democratic members of the Committee on Ways and
In plate glass reductions are made, the largest sizt s from
■M
eans have lelt, ax none others could feel, the mom* ntous 100 to 30 cents a square foo . Of silvered, from 60 fo 85 cents,

8

924

THE CHRONICLE

[V o l . L V I1 ,

“ In the iron and steel schedule we began with free ore. ing with free wool, A sliding scale is, therefore, added, by
'The discovery of the immense deposits of Bessemer ores in the which the rates in the woolen schedule are to come down five
lake region and of foundry ores in Alabama has rapidly swept points with the lapse of five years.
ns to the leadership of the world in the production of iron and
“ Carpets, an industry in which we shall soon be indepen­
steel, and brought near at hand our undisputed supremacy in dent of competition, are put at 35 per centum for Axcninster,
the great field of manufactures. The use of steam shovels Moquette and W ilto n ; 30 per centum for Brussels, while
reduces the cost of mining to a point where the wages paid common grades go down to 20 per centum.
‘ natural labor’ are irrelevant.
“ The bill provides that the duties shall be removed from
“ Pig iron we reduce from §6 72 a ton, which is from 50 to wool on March 1, and reduced on woolen goods on July 1.
90 per cent, to a uniform duty of 22% per cent, a rate some­
“ In the silk schedule the reduction of rates is smaller than
what higher in proportion than the rest of the schedule, be­ in cotton or woolen fabrics.
cause of cheap freight rates on foreign pig, it being a favor­
“ Sole leather is reduced from 10 to 5 per centum.
Leather
ite freight on westward voyages.
gloves are classified according to material and length, and are
“ Steel rails we reduce from $13 44 per ton, now 75 percent, uniformly rated at specific duties which average not over 25
tt> 25 per cent. A s the pool which has kept up prices so many per centum on the common varieties and nearly 40 per
years in this country seems now disorganized, the other pro­ centum on the fine lamb and kid gloves.
“ In the schedule of sundries many articles, like hatters'
ducers will soon need protection more against Mr. Carnegie,
at Pittsburg, and Mr. Stirling, at Chicago, than against plush, are put on the free list.
“ The duty on cut diamonds, pearls and other precious stones
foreign producers.
“ The residue of the schedules vary from 25 to 30 per cent, is increased. W orks of art are, I am delighted to say, put
wood screws being put at the latter figure.
Beams and back on the free list.
“ The above is a rapid summary of the chief changes made
girders are 35 per cent, because of the waste in cutting beams
and the variety of lengths and sizes, and also of the frequent by the proposed bill, and will give a satisfactory idea, I be­
necessity of changing the rolls in making beams and girders, lieve, of its general structure. It is estimated that it will re­
because of the irregular quantities and lengths and sizes of duce revenue, on the basis of the importations of 1892, about
fifty millions, with an immensely larger decrease of tax
orders.
“ Tin plates are reduced to 40 per cent, a little more than burdens to the American people.
“ The administration law is reported with a few amend­
one-half of the McKinley rate. This is a revenue duty, and
at the same time enough to permit any existing mills to live ments, suggested by experience of its operation. That law
and flourish. Cheaper grades of pocket cutlery are 35 per was chiefly prepared by Mr. Hewitt when he was in Congress,
cent ; higher grades 45. Table cutlery is put at 35 per cent. and the changes proposed in our bill are to make it more
These are very substantia] reductions from present rates, effective, while at the same time softening some of the feat­
which, being specific, reach, in same grades of pocket cutlery, ures added by the McKinley bill that would treat the business
as high as 90 per cent, but, with release of taxes on raw of importing as an outlawry, not entitled to the protection of
materials, especially on pearl and ivory for handles, seem the Government.}’
ample.
“ Both copper ores and pig copper are made free, we being
large exporters of the latter, and the duty serving only to R E V I E W
O F P R IC E S
IN
NOVEM BER—
enable the producers to sell higher to our people than to
STOCKS, G O V E R N M E N T B O N D S A N D
foreigners.
“ Nickel is fre*. Lead ore has a small duty of 15 per cent;
F O R E IG N E X C H A N G E .
pig lead, 1 cent a pound. Silver lead ores are restored to the
free list. Unmanufactured lumber is free. Manufactured is
put at 25 per cent, with the proviso that if any export duties
are charged on foreign lumber, it shall be admitted only at
the rates now ex itin g .
“ Sugar has been a difficult subject to deal with. Raw
RAILROAD AND MISCELLANEOUS STOCKS.
sugar was transferred to the free list by the McKinley bill be­
Loir. High.
R a ilr o a d * .
Low. High.
R a ilro ad s.
25 % 35
N. Y. & New iiJui<laud
cause nearly all the taxes paid on it went to the Public Albany A Susqehan.. 166 175
H ......... 197
198
1 8 % 2 1 % N. Y . N. H.
Treasury. A strong desire among some members ot the com­ Atohison Top. A S.Fe.
101*
7
N. Y . & Northern p f..
2%
2%
mittee was to put an ad valorem duty of 20 or 25 per cent on Atlantio & Pacific—
1 6 % 17*2
&
69% 7 5 % N. Y. Ont. < W est___
Baiilmore A O n to ....
it, and to abolish the bounty at once. After much considera­ B. A o . S. W . pref—
15% 18%
4
N. Y. Susq. A W „ new
3
Do
pref. new ..
73*2
47^2 52%
72
tion, it was decided to reduce by one-half the duty on refined
19% 21*2
4 9 % 53% Norf. tfeWestern pref.
laugar and to repeal the bounty one-eighth each year, leaving Canada Southern........
6%
7%
120 s Northern Pacific........
Central ot N. Jersey.. 115
raw sugar untax. d, as at present.
Do
pref..
19
20%
20 % 23*2
30%
25
'‘ •In the tobacco schedule those rates were sought which Ches.AO.,Vot.Tr.eert.
18 % 2138 Oreg. R y. A N av.......
6%
6
140
Oreg. Sh. L. < U. N ..
fc
140
would bring most revenue. The present tax of $2 and $2 75 a
8%
6%
fc
x 7 8 % 84*4 Peo. Decat. < E’ville.
pound on wrapper leaf has blotted out many small establish­ Ohio. Burl. * Quincy.
19*2 23
Piiila. & Read............
57% 62
16%
16
ments, and actually impaired revenue. W e make the rates $1
100
P. C. C. A St. L ...........
98
Do
pret..
51
55%
Do
pref..
62% 66%
and $1 25 a pi ur d on wrapper leaf, and 35 cents and 50 cents Chic. Mil. & St. Paul.
33 %
isO
1 2 1 % Pitts. A W. pf. tr. reo.
Do
p re f.. 118
.a pound on tiller tobacco, unstemmed and stemmed in each.
Chic. A N orthw est... 1 0 2 % 109 ■ Pitts. Ft W. A hie. 1 4 1 % 151
Manufactures of tobacco are put at 40 cents. Cigars are
175
Renss. A Saratoga. . 170
Do
p ref.. x l b 8 % 14-0
i! % 7 1 % Biemnoed T eim m al•reduced irom $4 50 a pound and 25 per cent ad valorem to $3 a Chic. & Rock Island ..
3
3 ’a
Do 2u assess’ ! pd.
sets 3978
pound and 25 per cent, which is believed to be the most pro­ Ohio. St P. Minn. A O .
15
16
Do. pref. tr. recta.
Do
p ref.. 111 % 117
ductive revenue rate, and is higher than the law of 1883.
15
20
3 4 % 3 7 % Rio Grande Wear___
Cl. Cin. Ohio. & St. L.
Rome Water A Gird . 1 0 7 % 111
“ Live animals are put at 20 percent. Barley is reduced
80
81
Do
pref.
2,5
25
St. L iu. Alt. & r. E ..
C
fro m 30 cents a bushel to 20 per cent, which is about 12 cents. Cleve. A vittshurg .. 148 150
145
Do
pref. 145
2 0 % 22%
Col. Hock. Val. A Tot.
“ Breadstuff's, of which we are immense exporters, are Delaware & Hudson. 1; 8% 138% St. Louis South w —
5
5%
m ade free, except when imported from countries putting Del. Lack. A Western 1 6 5 % 17 •
9
10%
Do
pref..
106%
10% 10% St. Paul Minn. & Man. 103
o n duties on our like products, in which case the duty is 20 Den. & Rio Grande...
2 % 26 %
27% 327, St. Paul A Duluth . . .
Do
pref. ........
per centum. Fresh vegetables, fruits, eggs, and like food
90
95
Do
pref..
%
%
E.Tenn.Va. A Ga. Ry.
products are untaxed, for the benefit of our own consumers, Evansv. A Terre H ..
18 % 19%
Southern Pacific Co .
85
70
7%
9%
largely the working people of the cities.
15
1 6 % Texas & Paoiho..........
Flint A P e re M a iq ....
160
Tli rd A re .(N . V. city) 153
• Salt in bulk is free.; in packages the salt is free, but the Great North’n, p ref.. 1 0 7 % 109
•
8%
7
7% Tol. Ann A. A No. M .
Gr. B. W. ASt.P.tr.reo.
5
covering is dutiable at rates prescribed for like articles.
40
38
12
Tol. & Ohio Central .
Do
p ref.
12
74
74
“ The taiiff on spirits is put at double the internal revenue Illinois Central...........
Do
pref.
91% 94%
20%
17
Union Pacitio----- . . . .
88
D 1
leased lines.
68
states on like spuits, and some slight reduciioa i3 made on still
5%
5%
7% Union Pao. D. A G . . .
7
wines, m altliquois, ginger ale and like b verages, in the in­ Iowa Central------8%
Wabash..........................
7%
29
Do
p re f..
24
terest of increased revenue. The duty on sparkling wines is Kan. A Mich------------17 %
Do
p r e f..
15
11
10
14 % 1 5 78
likewise slightly reduced for the same reasons, that on cham­ Keck. & Des Mo. p f. 3 2 % 12% Wheel. A L. E rie.........
5 2 7g
Do
pref.
51
1 6 % 18%
pagne being put at $7 a dozen quarts, as against $8 in the Lake Erie & West’n ..
6%
Wisconsin Cent. C o ..
6%
0
Do
p re f..
67
McKinley bill and $6 in the law of 1883.
Lake Shore................... 126% 130%
In cotton manufactures substantial reductions are made, Long Island.................
E xpress,
99
96%
~
150
Adam s........................... 144
10
10
•especially on cheap cloths and prints, and the existing system Lou. Evansv.A St. L
117%
4 7 % 49% American........... ..— . 113
Do
pref.
o f taxing by count of threads in the square inch is retained.
54 %
51
4 6 % 51% United States.............
LouisvUle & N a sh v ..
129
“ Hemp and flax are made free; dressed line of hemp and L. N. Alb. AC.new stk.
Wells, Fargo A Co—
120
9%, 11%
39% 43%
flax 1 cent and 1% cents respectively. Burlaps and cotton
Do
pref.
Coal & R illin g .
3%
2%
and grain bagging are put at 15 per cent, but, when imported Lonlsv. 8 t. L. & T ex.
11
9
1?5
Manhattan consol—
133% Col. C. A I. Develop..
for coveiii g of articles to be exported, are duty free.
25
23
Col. Fuel A Iron . . .
9 9 % 103%
Michigan Central —
9%
8
“ W ool is made free. This takes the stilts from under Minn. A St. L.tr.r ots.
1 1 % 137s Col. A Hock. C A I - .
22
22
‘ Lehigh A W. B C fal
34
39
Pref. trust r ceipts
woolen manufactures, and begets the hope that they may
9
8%
2% 14% New Cent a i C o a l....
Mo. Kan. A T e x a s ...
recover from the languishing condition in which they have
7%
7%
Do
p r e f ..........
22 % 26% Ontario S liver...........
2
been for a quarter of a century, and that we may get woolen Missouri Pacitio..........
1%
2 3 % 27% QutcksUver..................
12%
12
Do
pref.
goods at reasonable rates, instead of at duties that on the com­ Mobile & Ohio ............
14% 17%
16
IS
Twin. Coal A Iron— .
mon giades irequently reach 100 per cent, and, in cases, two Morris A Essex........... 150 154%
75
Nash, chatr. A 8 t. L .
65
o r three times tout merciless figure.
V ariou s.
103%
N. Y. Cent. A Hud. R . 101
38 %
29
Am. Cotton Oil C o ....
“ Cloths and dress goods are put at 40 per centum, clothing S. Y. Ohio. & St. Louis
15% 18
77%
70
Do
p ref..
65% 69
Do
1st pref.
a t 45 per centum, rates higher than the committee desired,
45%
44
Amer. Dist. Telegra.
33
29
Do
pref.
hut deemed temp, rarily necessary because our manufactures N. Y . Lack. 2d Wnst’ n 1C8% 110
102%
80
‘ Am . Sugar Refin. Co.
A
92 %
81%
‘ Do
n rcf..
have so long been excluded from two-thirds of the wools of N. Y . Lake Erie A W .
1 3 % 15 %
8 4 % 88
Amer. Tel, A Cable. . .
28 % 32
Do
pref.
the world that they will have to learn the art of manufactur­

The following table shows the highest and lowest
prices of railway and miscellaneous stocks at the N. Y .
Stock Exchange during the month of November, 1893.

THE CHRONICLE.

DECEMBSja 3, 1898,]
Low. High.
• V a riou s.
78% 02%
•Amer.Tob, Ou..........
97-x 99%
Bo
p re f..
•V 9%
4
Brunswick Co............
58% 68
Chicago G is Oornp'y.
Do dividend a,-rip 1 1 5 1-50
91
93
Cliio. Jane, a 'w a y s ..
Consolidated Gas Co. 132% 135%
24% 33%
i>M. Jci'.H. i-’ e.-d. Go.
95
9 ;>
KdJsOii Bl. IU. Co. ..
33% 43%
General E lectric___ _
Laclede Gas, 8t. L . ..
16% 18
66
71%
Do
p re f..
3
3
Manhattan B each ...
Miok.-Peuln. Car p f .
89% 89%
18% 267
a
Sat. tSoid. 21 aas't pd
49
34%
Do pr*:f..2ci Ural pd

V a r io u s .

■National Lead C o ...
* Do
p re f..
National Unseed ..
National Starch Mist.
Do
1st pref.
Do
2d pref.
North American C o ..
Oregon Irnprov't Co.
Pacific Mai)................
'P ipe Line T ru st.. . . .
Postal T ele.-C able...
Pullman Palace Car.
Sliver Bullion c e rts.,
Tex. Par. Land Trust
U. a. Rubber Co.........
Do
pref.
Western Onion T e l..

Low. High.
22% 28%
63
78
17
20%
10%

19
40
4%

12

49
55

5%

13%
ltt% 19
72
75%
47% 47%
170% 175%
70% 70%
11

S%

33
83%
85%

10

44%
89
91%

* Unlisted.

The ratine of Govern meat bonds sold at the Stock Exchange
in November was as follows j
S U X B X

O F

OOVEBNME.NT BO NO S IN NOVRMHKB

4%*. 1391, A*, 1907,
reg.
reg., erf. a 2 p.e.
1V2
O p en in g....
05%
H v n r e t ....
95%
113%
L ow est____
112
95%
Cjostny.......
95%
XU 3%

4*« 190?,
coup.
112 **
114
U 2%
114

6*. e. *98, S<,
'99.
reg.
rtg.
U 09
• I ll
'113
*111**
•H9
•111
* x l0 9
* x t l3

Prioes bid—no sales daring ths month.
The following highest and lowest prices are from actual
sales at the New York Stock Exchange :
JUSG8 or STATS B N * IN SO
OD
VEM
BBB.
*

Alabama, Class A___

Low. High. |
Low. High.
«8
98
1 North Car. eon*. 4s .
94
91

CUT. footling 4 « .. .
L o o is a neiroons. 4n

93%
96

Claes IS................. 100 100 i Telia, new seKte. «• . 105 105
>
Claes C...............
93% 92% I Do
ilo 3*
63% 71%
93% i Va.fd.d«bt,2-3a, I9 ‘ i
96 1 «»,<(<-f. tr.ree.,>d'pd,

52 %
6

54%
7

925

N e w Y o r k C i t y B a n k s .— M r . Charles M. Preston, Superin
tendent of the New York State Banking Department, has
furnished us a detailed statement of the condition of the
State banks in New York on Tuesday morning. Sept. 19,
1893. From it and from the latest statement of the condition
of national banks—that of October 3—we have prepared the
following, w h ic h gives the results for all the batiks in New
York City. F o r comparison we also give the totals under
the Septcmber-October calls of 1893. The aggregates for State
banks do not include either savings banks or trust companies.
Hat. Banks. State Banks.
Total.
Total
Oct 3,
SflJt.-Ort.
StPL 1
0.
1893.
lbO
S.
1SSS.
NEW Y O R K C I T Y .
1S82.
49
Number...................... .
98
47
94
Ite&mrces—
Leans A dteCta, >ncl. ov*«l»M8BM20,4fl6 $50,490,512 $370,510,978 $450,043,050
4,577,193
52.114, MS 44,434,149
Stocks, bonds, .s c ................... 47,587,865
Due from banks and bankers. *7,544.608
- - -- ----------------------------- 35,951,00044.100.778
Banking house, fura.and tlx. 11,411.Si!
15,388.340 1,5,129.000
420,981 1,1? 7,533
73*1,540
Other real astute . ........ .
LS04.277
Gold ciln and certificates.......
Silver coin ana certl licet us— 1 y ,6 «;f*(i “ -479)881. 87,182,945 72,845,939
S2,50ijsii i 8,733,541 42.705,085 51.034,787
Lev. ten. notes A cert, of dep.
Bills o f other banks .............
17,8^,155 75,38^,722 84,760.171
Exchanges for ■iear’g House 57,489, .
1,816,732
450,111
Carrot!! e.tp. lull taxes i*atd.
!.380,021
1.258,003
1.UM21
Premiums on U. S boud*....
1.141,121
650,671
7,478,500 11,7^0,41
Other resources.....................
(,*(9,877
5 4*153,304

i sm

Totol ... ...........................$5i2*5Sl*655 $152,757,594 $395. 89,249 $770,880,877
lAabUiUm—
Caplf*1 stock paid In.......
$51,250,000 $17**72,700 $38,922,700 $07,222,700’
Surplus 4<>4 undirUted peo&tM. 0O,Hl7.!Hi > 10,090,183 76.il 4.481 72,230,031
Oiruutatiou oottuadlnK..----- 15,812,383
15,842,332
6,738.433
........
unpaid...............
2m M I
........
230,591
244,073
IfMlVidmil dmmIt*.......... .
349,306*107 100.012,831 $19,618,928 397,513,777
Other d ep ort#,.,............ ....
:m .^n
3 4).<k*2
1.150,9 6
1,4.01,203
Oa« to tiankfi ana b*aK*rs.... l i T
‘.8'-*',8iO 13,913,443 159,77',853 225.7-dV00O
21,535,918
718,014
Outer tiubtlUlUA ............
18,033,^10
1,690,952
Tot A)................................. <$0,531,(05 1162.751,591 *(195,289,219 *770,680.877
.Vofey—
The amount ($7,365,670) umlar State banks opposite exchanges for
Clearing Hou«t$ is gtvau la reparts nf State b inks m “cash items,” but is almost
mwttj made up of exchange# for Clearlnu House-

The daily posted rates for 60 days and demand sterling
Mkhioan B anks—W e give below a statement showin* the
exchange in November are given below, it being understood
condition of the banka in Michigan, bith National and State,
that bankers’ actual rates are usually a fraction below the
at the cloae of business on Tuesday, Oc\ 3. 1833, prepared
price* posted.
from the statements issued by the Comp:roller of the Currency
BANXBIOS' w tw u x m BXCHANOa IPOSTBO BATES! VOtt W V M M M b 1 9 9 3 .
>y the Commissioner of Banking of Michigan. The total
Mm.

80
days.

Demaud. : Mot.

60 1 X%days. | maud. 1 Mm.

1
~&
i . . . . * 81 %-2 ■ §4 H \ 1 3 ... 4 82-% '| 85-%
4
A 81** 2 t
1 4 ... 4 82%-3 4 85-%
4
i.... 4
I S ... 1 62% -» 1 4 .. .. 4 8 ,% -: 1 84%-S l i e ... 18 3-% 4 8S%4)
5 .. ..
[1 7... l -3 % 4 :4 96-%
s . . . . 4 82-% i i s
1
1 8 ... • 83 % -t 4 86-%
7 .. .. . . . . . . H*
1 9 ... ........8.............
3 .. .. 4 82-% 184% [2 0 ... i-l 83% -4 * 8«-%
9 .. .. Hl% 2H l 81%-S 21 — 14 m 4 4 4 06-»f
U > .„. 4 82-% 1 85
... 4 83% 4 4 86-%
. ... -l 82-% i as
( 81-% 4 8„%.7
1 2 ..,. . — ...a .
i-24... N i % 4 % 4 88% 7

60
[ De­
day t. j mantl.

*
[a s .... 83 %-4 *. 146%-7
4
2 8 .... ___ < .5 ..........
•27 .. . 83%-4% 4 86% 7
[28 — .*83%%% 4 -R%-7
{2 9 .... 4 34-4% 90% 7%
3 0 .... _____i f ......... .. .

R to il IGAlt.

Number.......... .

Mil. Baidu, state flank).
Oi:t. 3,
ikt 3,
1803.
ims.
100

159

Total

Total

im .
m
m

• fe

(M. 3,

250

$4l,7*T,8U $33.6*3,573 $75,4' 1.300 $84,880,070
304,194
163.083
OrerUrnfU ........
365J890
800JIX1
6.6^9,667 21,79:,167 31,496.034 32.704,145
<L 25,4«8 11.518. <21 12,277,012
h
*091.6H
i
Da« from ro atsu sutmttM.....
S b d 1,8)6.130
O .-fO
2,t)8i.8‘i0
9 d bAiikers 1,299.031
Duo from ba oj$
1.0 • 2,7 3
■ 0
2, :*17,739
M 94,916
2,482,037
5 . f«r«, ana tlx.
«*
BauJIur!
e
1 81%-3 t 81% S Other tmi a
tSi.-iM
1.063.003
wi more#e’a
4,381,830
1,72',852
H o ld c o i n a n d eon itD
[ K . 4 84% ,4 81%
824,531
269,315
7i)7,345
h ltv « r c o i n and. c ^ n t f l c a t M . . .
481%
19 1%
tlAWt 4 84-4%:80%-7% I s m a l t e n d , a n d p-uFta. o f <l#p,
4,643.419
4.924,085
2 ,m ,m
B(U at other
i
791,354
30M 15
573.050
Kxeham w C lc ir ‘if H mm.
s««
e
■m.ms
2«6. ->&
5
716
C u r re n t m t p . a n d t a x e s p a i d . .
450.633
213.1*4
m
P r e m iu m * o n O . S» b o n d s . . . . .
67.,900
8 .1 a
7 .1
&
0i,3)2
S t o c k E x c b a n g r C l k a r i n g - U g u s k T b a x s a c t i o n s . — T h e Other ruaoumsa ..... ..... ....
?5i>
$6.1.2*4,145 $73,601,190 $136,875,336 $117,630,010
Total .................. .
•ubjoined statement includes the transactions o f the Stock
Liabilities$12,102.»55 $26,736,955
Exchange Clearing-House from Nov. 80 down to and includ­ Capital at*.>ek paid In . .... .....
4,6Jo,277 10,357.-51
6,747.474
3ur»lu* and uadiYided profll*.
671,5:
4,600,176
4,600,176
ing Friday, Dec. 1; also the aggregates for June, July, August • r
*,681,901*
152,619
69,539
36,366
Dividends unpaid ..... ......
S e p te m b e r , October and November ia 1803 and 1892,
46,182.542
iftdmduai deposits ............ 31,401,529
399,417 H»,046, 13 40,4 i3,0ii*0
1 : «
Other d eposits,,.,,....----- ....
6, 07,&i5
1,181,701
•TOC* CXCHASOS CL-EAHINO HOC** TBANSACTiONS.
ijm m i
Dtie to banlta and bankers.....
1,784,776
073805 ' “54.631
hotm and bills payable.. . . . . .
-Shares, both fide* .—* ---------Balanets, one tide.-------- - Sheets Other liabilities-.. ... ........ ...
W.M7
30,a«7
Loan# amt dbeosi

22

11

Cleared*

Total Value*

M o n th —
3 on«t1802. 1«.<^4,000 JU041.04&200

£& S8:

izm &azo

9n,im.mo

8«pt,SMa. v&wij&w
Oct,, life*. tO.726.3t*0 L25&733.0QO
. .
not,, im-s. i s M m m mijmknmioq

0 mm.*..
3 u m *im .
July, 1803. ts.m x iw
vtM/Mm
8***.. p m . vKimjwo
0«k, 1808. WMH.700
Ro­
. we&
j i moo
. 109,Sm.*)0

f l f

Sharet. Value Share..

1A06.7W
I.IHO.HM

LOS7.40O

*

Oash.Olear‘d.

*

94.M4.700 l,43S.«Tl
74,188,100 971,707

royjwnoo 1.301009

6,*S6
S.W
<u-s

B.OS5AOO
1S9.463.50O L«»7,50« 8.8SS
M2*v800
148,622,000 1.781.400 ASM
DgtSfiO
128,175,000 t,4D,800 5,598
e,*mm%ioo 10888,350
W4.lW,-i«J8,480,977 S#,8«»
1.0I4M&000
1.082,909
9,1,200,0001,789,8**0 «,:!*!>
x im .tm jm
L790JW0
2.7W.VW «.ms
m iM o/m
L*70.200
7*900.009 *,829.200 0.8S1
tm,409,0GQ
1.380.500
78,100,000 1.98S.W0 6.968
l j ‘,2,$o0/m
1.793.500
96,50*1.000 *,048.800 6, « £
£848.100
90.568.000*>(0.100 M04
6,319.333, iO
O 9.760.700 5*0.368,000 13440,800 S8.2J7

E

Total.................. . ... $63,244,14.6 $73,631,190 $180,875,335 $147,030,910
"Other deposHe” m
iderStab® Bank#In 1893include $38,020,268aavinxadeposits.
Condition of S tatk B anks in Missouri.—Secretary of
State Lesueur has furnished abstracts of the condition of
the State banks in Missouri at the close of business on Satur­
day, September 16, 1893, and from it we have prepared the
following:
M IH S O D R I,

Sept. 1(1.1883

Number....... ............ .................................... ......................
537
Remttrcet—
Loans and discounts, Indudtm overdrafts....................... .
z
fO
o.sa^.SO
?
— Share*, both tides.— * •
-------- Balances, one side.---------. Sheet)
8.«t08,338
Cleared. Total Value.
Shares. Value Shares. Oash.Olear'd. Stocks, bond .A c .......... ....... ................................ ..........
................. .................. .......... Ii,3l3,)?7
mie from banks and bankers
B
afikJni? house, furniture and fixtures........ — ..... ................
777.301
stov, 20
096.000 64,700,000
73,600
4,500.000 97*700
311
• 21 6 (1 ,6 0 0 39.600,000
*
52.700 2,900,000
49,100
292
" 22
952,200 69,200,000
69,900
4,700,000 168,200
310 Silver coin..., ..... .......................... .
.. ...... . ..... ...
082,206
esfftl tender norc.«, Nat. bank notch and gold and ailver certificates. 13,0«l,fl86
“
‘
23.. 1,089,M O 74,200,000
O
87,500
5,800,000 00,500
321 L
" 2 4 .. 772,-0 0 46,072,800
67,400
3,658,000 89,300
308 Other resources........— .......... ............................... .............. 4.039,148
Total .................................. ............. .
.. ...... .......... .$136,376,391
T o t. w k ..4 .4 3 2 .5 0 0 2 S I3 .772 .900
351.100 21,558,000 480,800 1,510
TJnbUiiltd—
W k J » # ty r 3 ,1 9 2 ,6 0 0 2 2 2 .4 0 0 ,0 0 0
3 5 4 ,0 0 0 25.100,000 277,200 1,182 Capital utock paid In......
... ................. ............................. $27,377,140
Surplus and undivided prjjflte..................... . — ......
14.808,122
N bV, 2 7 . .1 ,3 0 6 ,6 0 0 8 6 ,3 0 0 ,0 0 0
114.300 6.600.000 130,900
339 Individual deposits................. .
......................... ........ 02,055,280
98.300 6.000.
"
2 8 . .1 ,0 9 4 ,4 0 0 7 0 ,7 0 0 .0 0 0
325 Other deposits*......... ............ ............ . ...................... . ... 25.-,4
000 172,700
9.£’40
Due to hanks and bankers......... ................. .................... .
3,981,755
*• 2 9 . . 0 1 7 ,7 0 0 5 8 ,2 0 0 ,0 6 0
83,200 4.000.
000 118,800
315
Other liabilities............ .................................. . ................. 2,203,754
“ 3 0 ...............................................O O L t D A Y
Use. 1 .. 8 7 0 ,5 0 0 5 8 ,2 0 0 ,0 0 0
7 8 ,8 0 0
4,400,000 84,100
319
Total--------------- - ----------- ------- ----- -------- ---------- .$130,315,391

ip

Tot. w * . ,4,189,200 270,400,000
WkUAtyr.,,2 .0.MOC 409,000,000

374,600 21,900,000 501,500 1,298
570,000 38,500,000 460,800 1,558

B X JuetauQ =G P oram erctal g u g i i s l i U r m s

The stocks cleared n o w are American Gotten Oil common,
American Sugar common, Atchigon, Chicago Burlington &
(From our own correspondent.)
Quincy, Chicago Gas, Chicago Milwaukee & St, Paul com
L ondon, Saturday November 18, 1893,
man, Chicago & Northwestern, Chicago Rock Island & Pacific,
Very exaggerated rumors respecting the Bank of England
Delaware Lackawanna & Western, Distilling & Cattle Feed­
have, been circulating during the week. At the end of
ing, General Electric, Louisville & Nashville, Manhattan,
last week, it may be recollected, Mr. May, who had been Chie
Missouri Pacific, National Cordage common, New York &
New England, New York Lake Erie & Western, Northern Cashier for over twenty years, resigned. It was found that
Pacific preferred. National Lead common, PhJladelnhia & he had exceeded his authority without the knowledge of the
Reading, Union Pacific and Western Union,
Governors. No charge of fraud is made against him but his

1926

THE CHRONICLE.

[V o l . LV1I,

conduct was so gravely irregular that he felt it necessary to that, if it thinks it desirable to reduce the military expendi­
offer his resignation, and it was accepted.
Mr. May is father ture, that will not in any way weaken the alliance with
o f a partner in a Stock Exchange firm that has been Austri •Hungary. Matters look bad likewise in Spain; but
the great bankers in Paris who are concerned in Spanish
very closely connected with several of the trust companies, finance are supporting the market, and there has been a re­
and the City instantly concluded that he had made improper covery during the week. The upshot of all is that as the
loans to the firm in question.
Therefore it was reported that week is drawing to a close there is a better feeling than has
Nevertheless speculation is
the Bank had incurred heavy losses, and that some of the existed for some time past.
utterly at a stand-still. W h at buying is going on is in the
Directors had been so negligent that two of them were on the very best securities.
point of resigning. A s already said, there is no charge of
On Monday evening Mr. Gladstone announced in the House
fraud, and as the Chief Cashier acted without the knowledge cf Commons that he had invited the representatives of the
o f the Governors, there is no foundation for the reports coal owners ar.d the miners to a joint conference to be pre­
sided over by Lord Rosebery. The announcement has been
respecting Directors, and as a matter of fact none of them hailed with satisfaction all over the country. Both the coal
intend to resign. The losses, it may be added, are quite small
owners and the miners promptly accepted the invitation from
It is not possible to state them accurately yet, as the investi­ the Government, and the confeience met at Westminster
yesterday, and resulted in an agreement under which the men
gation is still going on, but it is believed on good authority that
are to return to work on Monday next, and are to have the
they will not make any difference in the dividends.
old rate of wages until February 1, 1894, the question of
The rate of discount in the open market is rising once future wages to be settled by a board of conciliation.
The imports since January 1 have been as follows:
more ; the quotation now is about 2% per cent. W ith the end
1893.
1892.
Per Ol.
Difference.
o f the coal strike it is expected that trade will improve de­
I m por ts.
a.
£
£
3 8 ,4 8 5 ,2 4 4
—5 ,3 5 9 ,3 5 6
cidedly, and that the demand for currency for the country January........... 33 ,1 2 5 ,8 8 8
F ebruary___
29 ,7 5 8 ,7 4 8
3 4 ,8 7 7 ,9 3 1
—5,1 1 9 ,1 8 3
districts will increase. Besides, the withdrawals of gold from March................. 3 4 ,0 8 9 ,4 1 3
3 6 ,7 9 3 ,1 9 4
—2 ,703,781
April................... 32,1 2 5 ,3 5 9
3 4 ,9 2 0 ,2 7 2
— 2 ,794,913
the Bank of England for the Continent and Egypt are consid­ M ay...................... 36 ,8 3 6 ,9 5 1
3 5 ,0 3 5 ,7 3 8
+ 1 ,8 0 1 ,2 1 3
erable, and are likely to continue, and there are fears once June.................... 3 1 ,8 6 8 ,7 9 2
32 ,7 7 7 ,4 7 9
— 908 ,6 8 7
July................... 3 3 ,2 92,273
33 ,4 9 7 ,5 8 5
— 2 0 5 ,3 1 2
more that an American demand will soon spring up.
August............. 3 5 ,0 0 2 ,0 8 5
+ 157,720
3 4 ,8 4 4 ,3 6 5
3 1 ,4 8 + 3 0 5
— 107,369
The India Council has at last succeeded in selling some of September___ 3 1 ,3 7 7 ,9 3 6
October............ 35 ,3 5 6 ,4 6 9
3 4 ,7 2 6 ,8 5 8
+ 6 29,611
its drafts. On Wednesday it offered, as usual, 40 lakhs of
10 m onths.. 3 3 2 ,5 2 7 ,1 8 2
3 4 7 ,1 3 8 ,6 2 6
—1 4 ,6 1 1 ,4 4 4
— 4 -2 1
rupees in bills and telegraphic transfers, but disposed of less
The exports since January 1 have been as follows :
than a lakh and a quarter. There have, however, been pri­
1893.
1892.
Per Ot
Difference.
vate sales, raising the total to about 3 5 lakhs. Next week
E xports.
£
£
£
January........... 18 ,0 2 6 ,0 1 9
1 9 ,1 4 6 ,7 0 4
—1,1 2 0 ,6 8 5
— 5-85
it is hoped that the demand will be good enough to take February......... 17,0 9 3 ,3 0 9
1 9 ,3 28,753
— 2 ,2 3 5 ,4 4 4
—11-56
19,6 6 5 ,3 8 2
the whole 40 lakhs that are to be offered.
The silver March.................. 1 9 ,4 3 2 ,9 0 4
— 2 32,478
— 1-18
April.................. 16 ,6 1 7 ,9 7 7
1 7 ,8 65,876
— 1 ,247,899
— 6-98
market tended downwards early in the week, but there May.................... 1 7 ,8 2 2 ,4 6 0
1 7 ,7 83,909
+
38,4 9 1
+ 0 -2 1
1 8 ,0 70,318
+ 714 ,9 5 3
+ 3-95
was a recovery on Thursday to 32 l-16d. per ounce and June.................. 1 8 ,7 85,271
July................... 1 9 ,6 5 1 ,3 7 4
1 9 ,4 6 3 ,5 9 7
+ 187,777
+ 0-96
A ugust............. 19 ,5 3 0 ,1 7 8
yesterday to 32%d.
2 0 ,0 5 1 ,3 3 0
— 521 ,1 5 2
— 2 -5 9
September___ 19,4 3 4 ,1 2 9
19 ,1 0 4 ,9 5 9
— 6 7 0 ,7 3 0
— 3-51
The rumors respecting the Bank of England have naturally October........... 1 8 ,1 7 9 ,7 9 2
18 ,7 2 5 ,4 6 0
— 54 5 ,6 6 8
— 2-91
had a depressing effect upon the stock markets ; but as it is
10 m onths... 1 8 3 ,5 7 3 ,4 1 3
1 8 9 ,2 0 6 ,2 4 8
— 5 ,6 32,835
— 2-98
now known that they have been greatly exaggerated, a better
The exports of foreign and colonial produce since January 1
feeling has set in. It is hoped, too, that the trust crisis is show the following contrast:
coming to an end. A s has frequently been mentioned in this
1 8 93.
1892.
Per Ot.
Difference.
R e -e x p o r t s .
£
£
£
coirespondence, the trusts do not hold deposits and do not ac
January.........
4 ,7 8 6 ,2 7 4
4 ,1 2 8 ,6 4 6
+15*92
+ 657,628
February........
5 ,7 3 3 ,2 5 2
5 ,7 2 8 ,7 7 2
+ 0-07
+
4 ,480
cept to any considerable extent. Their liabilities to the pub
March.............
5 ,6 9 0 ,3 6 7
5,5 6 6 .3 8 9
+ 2-22
+ 1 2 3 ,9 7 8
lie, therefore, are comparatively small, and the worst that April................
4 ,8 5 6 ,1 8 4
—6 8 9 ,6 5 4
— 12-43
5,5 4 5 ,8 3 8
M ay..................
6 ,9 4 5 ,2 2 0
6,95 i ,447
+ 3 5 3 ,7 7 3
+ 5-09
may happen will not have much effect upon the markets gen­ June...................
4 ,7 9 6 ,0 1 5
4 ,6 4 8 ,2 6 0
+ 1 4 7 ,7 5 5
+ 3*17
4 ,8 1 2 ,4 9 2
5 ,9 7 1 ,2 0 7
erally.
But of course the shareholders will be sufferers. July...................
—19-40
-1 ,1 5 8 ,7 1 5
August.............
4 ,36b ,637
4 ,3 7 6 ,5 0 9
7 ,8 7 2
— 0-18
A ll through the week it has been reported that the directors Septem ber___
3 ,9 1 8 ,6 6 7
— 7-29
4 ,2 2 7 ,0 6 1
3 0 8 ,3 9 4
October............
4 ,7 4 9 ,1 1 7
- 1 , 6 ; 3,911
6,3 6 3 ,0 2 8
— 25-36
o f the Trustees’ Executors’ & Securities Insurance Corpora­
tion have been considering the desirability of making a call of
1 0 months.. 3 5 0 ,6 5 5 ,5 8 0
-2 4 ,9 1 ,5 7 7
5 3 ,1 4 7 ,1 5 7
— 4 -6 8
£ 5 per share. The shares are of the nominal value of £10, of
The following return shows the position o f the Bank of
which only £3 are paid up. If all the shareholders are sol­ England, the Bank rate of discount, the price o f consols, & c . ,
vent a call of £5 per share would give a million sterling. The compared with the last three years:
1893.
1892.
1391.
1890.
Corporation has first debentures amounting to half a million
Nov. 15.
Nov. 16.
Nov. 13.
Nov. 19.
sterling secured upon the uncalled capital. If, therefore, any
£
£
£
£
25,707,305 25,768,185 25.154,295 24,456,225
call is made these debentures must be paid off. There are
4,001,091
4,824,450
Public deposits.. ..........................
4,900,456
4,093,078
guaranties and other liabilities which must be met in the early Other d ep osits............ ............... 29,118,782 27,794,273 27,716,388 36,364,838
future amounting to between £400,000 and £500,000. A call, Gtovemment securities.............. 11,287.598 12,966,140 10,146,043 11.777.634
therefore, of £5 per share, if fully met, would redeem the first Other securities........................... 23,764.375 22,187,422 25,973,052 32,136,295
Reserve.......................................... 16,268,797 15,346,317 14,373,352 14,551,622
debentures and pay off the pressing liabilities. But it was de­ Sold and bullion............................ 25,524,102 24,664,502 23,077,647 22,557,847
46%
13 13-16
35 13-13
cided late yesterday that instead of calling up £5 per share Prop, assets to liabilities per ct. 48 7-16
3
3
4
6
the call should be £ 2 * 10s., to pay off the debentures, Bank rate.......................per cent.
Consols ~ H per cent.....................
98 7-16
97%
94 15-16
P3 13-16
and that then half a million sterling should be borrowed on Clearing House returns.............. 125,010,000 135,756,000 142,948.000 176,800,00 q.
debentures to meet the pressing liabilities.
The following shows the imports of cereal produce into the
The uncertainty upon this point and the difficulties of other United Kingdom during the first eleven weeks of the season,
trusts have weighed upon all markets. On the other hand, compared with previous seasons:
IM P O R T S.
the successful intervention of the Government in the coal
1 8 93.
1892.
1 8 91.
1890.
dispute has greatly strengthened the home railway market, Imports ofw heat.ow t.15,127,226 1 5 .4 0 7 .5 2 4 17 ,0 2 1 ,8 4 6 1 5 ,1 7 7 ,7 8 4
5,0 8 6 ,0 3 5
Barley............................ 7 ,0 3 3 ,3 3 2
6 ,4 0 0 ,8 2 7
6,1 0 2 ,9 3 8
and has generally inspired a better feeling. The beginning of
3 ,3 0 3 ,3 0 2
Oats................................. 3 ,1 3 8 ,4 4 7
3 ,3 3 9 ,1 2 7
2 .5 2 0 ,7 0 7
5 5 3 ,4 3 2
a demand for the India Council’s drafts has likewise had a Peas................................
578,5+ 2
3 0 9 ,6 0 2
481,268
Beans.................
1 ,0 8 9 ,8 0 0
8 33,159
5 8 0 ,8 0 0
1 ,1 5 3 ,1 8 7
good influence, and there has been some improvement upon Indian corn................. 5 .9 7 3 ,7 7 4
7 ,2 3 1 .6 1 7
4 ,032,550
7 ,3 4 0 ,1 1 9
the Continental bourses. M. Tricoupi has returned to power F lou r.............................. 4 ,9 3 2 ,3 7 8
4 .658.152
3 ,372,401
3 ,0 8 9 ,7 6 7
in Greece. His accession to office was at first welcomed by a
Supplies available for consumption (exclusive of stocks on
rise in Greek stocks ; but there has been a fall since, as the September 1):
new Prime Minister has stopped the issue of funding bonds.
-------1892.
1891.
1 8 90.
1893.
1 5 .4 0 7 .5 2 4 1 7 ,0 2 1 ,8 4 6 1 5 ,1 7 7 ,7 8 4
M. Triceupi, however, is a man of acknowledged ability, who W heat.................. o w t.1 5 .1 2 7 ,2 2 6
4 .6 5 8 .1 5 2
3,3 7 2 ,4 0 1
Imports of flour.......... 4 ,9 3 2 ,3 7 8
3 ,0 8 9 ,7 6 7
is-m uch trusted by bankers all over Europe, and it is very tales of home-grown. 5 ,8 1 4 ,2 6 9
5 ,9 3 3 ,3 3 8
7 ,2 9 1 ,1 7 0
9 ,4 3 7 ,9 1 8
generally believed that he will be able to arrange the Greek
Total.........................2 5 ,6 7 3 ,8 7 3
2 5 ,9 9 9 ,0 1 4 2 7 ,6 8 5 ,4 1 7 2 7 ,7 0 5 ,4 6 9
debt in a w ay that will satisfy bankers. In Italy the belief is
growing that there will very soon be a change of Ministry,
1 8 93.
1 8 92.
1 8 91.
1 8 90.
28s. 3d.
37s. 2d.
32s. 8 d .
and that a more prudent policy than has been followed for Aver, prioe w heatw eek.27s. 4d.
Average prloe, se aso n .-2 6 s. l i d .
28s. 6d.
3 6 s. 7d.
32s. Od.
many years will be adopted. As yet, however, there is no
The following shows the
quantitiesof wheat, flour and
sign of any change in the situation : on the contrary the
crisis grows deeper every day. The visit of the Austro-Hun­ maize afloat to the United Kingdom :
This week.
Last week.
1892.
1891.
garian Chancellor to Upper Italy has attracted a good deal of
Wheat..................
2 ,5 8 5 ,0 0 0
2 ,1 8 1 ,0 0 0
2 2 3 4 ,5 0 0
attention throughout the week. In many quarters it is Flour, equal to qrs. 2 ,7 3 6 ,0 0 0
qrs. 191 ,0 0 0
2 4 5 ,0 0 0
4 1 0 ,0 0 0
2 9 1 ,0 0 0
believed that he means to inform the Italian Government Maize.......................qrs. 2 6 4 ,0 0 0
3 0 5 ,0 0 0
3 4 6 ,0 0 0
1 8 1 ,5 0 0

D ecem ber

THE

2, 1893.]

927

CHRONICLE,

—The Reorganization Committee of the Omaha water
Works report that they now control 80 per cent of the Ameri­
can Water-Works Company of Omaha o per cent and 6 per
cent bonds and a large majority of the coupons due July 1
last. A t the request, however, of the holders of a consider­
W ed .
T u es.
X h u rs .
Bn.
M on.
able amount o f bonds, the Farmers’ Loan & Trust Company
32%
32
,32
31*5l6 will continue until December 13 to receive bonds without
32*s
98: is 98516 9|L s *as%
98**1,, penalty, after which date the penalty of §10 per bond will be
983t«
9 8 ' e 9 S '„ , 9-8
*9 8 ’l l
exacted.
9 9 1 0 9 9 -0 7 * 09121s 99-20 9 9 4 5
City Railroad Securities—Brokers’ Quotations,
76%
70%
77
76
76*4

E n tlliU F in a n c ia l ffla r W U —f e r Cable.

The daily closing quotations for securities. & c., at London
are repot le i bv cable as follows for the week ending Dec. 1 :
Bat.

London.

Sliver, p er o z................. d 32*«
C iasoisjaew , 2% per ots. 98**
do for a c c o u n t ....... 98**
F^ol* rentes (la Paria)fr. 99-00
IT. a. 4s o f 1 $07
........
Canadian P acific............ 76
67%
Calc. Alll. A St. P aul___ 67%
97
Illinois C entral............... 96**
L ik e Shore...................... 133*4 134
51%
Lm iavUie A N ashville.. 51*8
56**
Me d ea n Centra1 4 s....... 53%
106*4 106
N. Y. Central A Hudson.
15%
N . Y. Lake Erie A Wast'n 15%
77%
do
2d eons............ 77*8
22
N >rfolk& Western, pref. 21 *4
23%
N irthern Paetfio p ra f... 23 4
51 *4
P ennsylvania.................. 51%
11%
P THaifelphla A Reading. 10%
20%
Union Paclllo................... 20%
17%
Wabash p ref_________ _ 10%
* Bx-Intereat for January account.

68%
96%
133%
52%
56*%
106 a
13%

671-4
96%
133%
51
56%
106
15%
77%
21%
23%
51*4
U
19%
16%

7$H

2*2
23%
51%
11%
20%
17%

68%
97*4
133%
52%
56%
loti**
15*9
79%
22
23%
51*4
11
20%
17%

C o m m e r c i a l a tic l H a t s c e i la t x e c m s

08%
97*4
13 i
53
56%
106%
16
81
22
21*4
51%
11%
21%
17%

Atlantic A t ., B'klyn........ \ . . .
Gem. M .,6s,19Q 8...A<sO !100
Bl’oker at. * Fill. i-\ -Stic., -.

1st mart., 7s., 19QP-.JAJ
ar'dway A 7taAv, - S t '* .,
l*t more., 6«, 1904 .J * D
Jd mort., 5», 1914...JAJ
S'wsy l*t, os, gu...... "24
2nd 5*, Int. a* rent.. '05.

107
iso
100
100
100
90

30

185

Brooklyn City—NewBtock'105

168

Brooklyn T r a c t io n ..,...

104
17

B'klyncrosst'n 0*., 1908 103
'<*n.o’yA N ’n5s.l938.JAJ; 102
lentral Oroasiowo—S l’k ..
d Orossiowm—Sc’l
1st m an ., 6*,1922.MATS'
O u t. F k-N .A JL Rtv.—e t k .
Oonsola. 7*. 1902 ...J A D
Chrlat’p’r A 10th S L -S t’ k.
1st mort., 1898.......A AO

135
115
142
110
.....
105

ije t u s

120

150

jr y DfcE.B.A Bat’y—3tk. 122
I 1st, s., 5s, 1982.......JAD 100

' S orip........... ....................
' -Eighth A v,—Stock............
KigbthAv.—Scrip, 8a, 1914
42a A Gr'nd St. F 'ry-B tk .
42,1 St. Msuth.A 8t.rf.Ave.
1st ttiort,, 6a, 1910.. MAS
2d M „ ineome,6s___JAJ
K oast.W .StA P.P'y—8tk.
1st mort.. 7*. 1W 4..I4.T
Long lalond Traction........
Metropolitan Traetion......
. Ninth A ve.........................
Se unid Ave.—Stock..........
II 1st mort., 5», 1908.MAN
; Sixth Ave.—S tock ...........

95
340

100

ICO

id s

300

68
11*
60
64
200
104 .....
194l 20
103% 106
124 * L .. .

111

120 1125

......... 102

...... 200

130 ! Third A re .............................
11 1st M., 5«, 1937...... JAJ m i™
Twentv-tbfrd at.—
........300

N. IS. and Brooklyn Was Securities—Brokers’ Quotation*
I mposts and Exports for the W eek.—The following are
GAS C O M P A N IE S . , Bid, i A sk
GAS COMPANIES,
Bia. Ask.
the imports at New York for the week ending for dry goods
no
135 140
Brooklyn Gaa-Llght.----Nov. 23 and for the week ending for general merchandise
J3D
100
¥6
Bonds, 6a,............
100 105
Nov. 21; also totals since the beginning o f the first week in CltUens’ (Brooklyn).........
Jarasy City A Hoboken.. 180
136
Fulton Municipal....... .
January.
Mstropoli tan—Bond*....... 105
loft
Bonds, 6s-----. . . . . . . . .
FOREIOX IMPORTS AT SEW TORK,
102 198
Eoiii table...........
MhtnalfN. Y .)................. 145 150
H
Nassau ^Brooklyn).......... 140
Bonds, 0 1 ..__. . . . . . . . . . . K )
80
i b o " Standard prof... ............... 75
F o r W eek.
1890.
1891.
1892.
1893.
People’s , Brooklyn v

D ry G o o d s ...,.
G ea'i mePdlae.

$2,165,257
7,140,545.

$1,675,428
7,451,792

$2,098,815
8,923,343

$1,180,072
5,700,765

T ota l..........
$9,305,802
$9,130,220 $11,022,188
$6,880,837
it M e J a n . 1.
D ry G ood s------ $136,476,113 *105,809,494 *115,676,869 $112,440,643
-Gea’ i mePdlae. 358,584,963 3*17,807,289 406,997,200 384,073,331
Total 47 week*. $195.061,070^ $473.506,783 $522,674,063l$49 6.5l0 ,997

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
weak ending November 28 and from January t to date:
EXPORT* PROM NSW TORK TOR TUB WEEK.

1890.
F o r the w eek ..
Prev. reported.

|

1891.

1892.

$5,838,005
*8,014,907
314,611,5?5j 335,657,079

1893.

$7,401,837
345.329,919

$7,594,189
838,000,973

Total 47 weeks. $320,449,580i$343,672.046 $353,730,756 $342,595,162

The following table shows the exports and import* of specie
at the port of New York for the week ending Nov. 25 and since
January t. 1893, and for the corresponding periods in 1892
and 1891:
sx p o n rs an d im ports or s p e c h a t s e w t o r k .
Sold.
Great Britain..........

1

E x p o r t* .
W ee k .

S in e e J a n .1 .

-South Am erica..........
-411 other countries..

$20,260 $16,700,207
17,990,102
25,453,100
■'3,000
7,975.256
18,488
1,182,070
" b^ oo
1,013,420

Total 1898.
Total 1892.
Total 1891.

*29,060 $70,332,623
680,200 59,997.053
21,154 75,829,531

F ran ce.........................
•Germany........ ..............

Wart iii.liM...............

Mexico,.................

StlecT.
Great B ritain............
F ra n c e .......................
-G e rm a n y ................... .
W e«t Indie*................

M e x ic o ...................... .
Booth A m erica..........
■Ail other countries

E x p o r ts .

Week.

I m p o r t* .
W eek.

$

$30,235,582
8,770,730
13,380,791
6,855,127
12,195
59,817
67,787
1,722,000
137,561
070

$80,952 $01,177,408
311,968
8,072,057
533,172 28,554,142
I m p o r ts .

U'inMJan. 1.

•935,382 *27,915,716
............
132,198

TTee/.-.

516,147
660
110,003
41,854

*936,382 *28.909,578

S in c e J a n . 1,

33.529
564

*2,937
788.040
596
48,479
979,509
1,182,637
136,416

$34,340
59,440
60.597

$3,138,614
2,937*203
2,570,089

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

1 9 s,000

550

S in c e J a n . 1.

247

76

80

Bo

com.—. . ____

32

Auction $ale»—Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction,
By Messrs. R, V, Harnett & C o.:

S ort*.
h

Sham .

lO F onthern Nat. Bank....... 100
50 M a rk et* FnJionNat. B k .2 H
B o w ls .
10 First Nat B a ok of B’ klyn.500
$6,000 N Y . Prov. A Boston
\
13 Yellow Pine Co. p ro f___ 80
MR. ?*, 1899..........................U 6*a
500 Brown Segmental Tub®
Wire Gun Co., f l O c a . f l p. sli.

By Messrs. Adrian H. Muller & Son :
Short*.

B on d s.

120 Fulton Manic, Gaa-L. C o .130
$ 5 ,0 0 0 N. Y , A S . J. Tolohone Co., Gen. 5s, 1920,
70 B rooklyn Warehouse <
fc
Drv Dock C o .................. 51
AN
................................ 95*4
50 Knickeruocker lee Co. . 62
$0,'>00 Brooklyn c ity RR.
150 P onnajiv. Goal C o ..284>*-285
Co. I at,5a, 1941, JA J. I0a% -10$%
150 National Mining A E x­
$5,000 P eople's Gas Lt. Co.,
ploring Co., $1 each ,
1st. 5s. 1807, MAN............. 9G*fl
S3 and f t per share $ 7 ,0 0 0 Brooklyn Heights RR.
1st, 5e. 1941, A A O.............. 94
160 Nat Bank o f Comm erce. 176
260 Mechanic*' S at. B a n k ...180% $7,000 Brooklyn City A New­
567 Phoenix Nat. B ank............ 120
ton RR. Co., 1st, 39, 1939,
20 Wat. Citizen*' B ank.......... 144
J A J .......................................... 103%
13 Nassau B ank....................1 0 5 % $1,000 >tty o f Evansv.. Did.,
5a, Fund. Debt Loan Bond
100 Iron R eduction C o ..........$5 lot
1912. J A J ............................. 92%
301 >* D obbs Ferry Land &
Imp. Oo., $50 ea___ $2 per ah. $4,000 Central Ohio RR , 1st,
4*98, 1930, M AS....................100*«
5 Market A Fulton B a n k ..211
0 six th Areuuu HR. C o___202% $1,000 2d A v e . R R , let, 5s,
10 H errtog-H afi-M ar.Co.pf. 76
1909, MAN............................. 103%
25 Nassau Tr. Co. o f B’ klyn.140
$1,000 Mil. City R R ., 1st. 5a,
1906, J A D ........................... 102
20 Pacific F ire In*. Co ____123
$2,000 B roadway Surf RR,,
40 Chatham Nat. Bank.......340
B ond*.
let. guar.. 5a. 1924, JA J 107
$3,000 Citizen*’ Gaa Lt. Co.,
$2,000 ciu. Sand A c le v .R R .
o f Brooklyn, 1st, 5s, 1905,
let guar. 5*. 1928. J A J ....105*4
A A O....................................... 98*4 $ 2 ,0 0 0 UticaOUn.ABliig. RR.
1st guar. 6a. 1939, .TAJ....1 0 7 %
$3,000 Nanaan Gaa Lt, Co.,
$43,000 Elmira Munlcip.Imp.
of Br'klvn, 5s, Cert,,MAN, 100
Co. 1st 5s. 1942. A A O ........ 2 6
$5,000 Prospect Park A 0. r.
$5,000 N. 5’ . Cmioert Co. I.im.
HR.. 1st, 7a, 1895, J A J .... 100
$10,000 N. Y . Br'Jyn A Man.
1st 6s, 1897, O - F ............. 10
Beach RR., 1st, C'ansol. 5«,
$ 1 , 0 0 0 Jersey City 7s, 1905,
1935, A AO............................ 97
J A D .............................114% A int.
$15,000 Knickerbocker Ice
$50,000 Oregon Pae. RR. Co.
Co . 5s, 1906, F A A ........... 91
8 % receiv er'seert,of Indht.,
*10,000 4 id St.. Man. A fit.
1893. Mar.. 1892. coups, on. 11
Nicholas Ave. BR., 1st, 6«,
$52,000 The Am erican W. W.
1910, M A S............................. l l l * s
Co. 1st Cons. 6s, reduced to
$5,000 N. Y. A f t . J . Tele­
5s, 1907......................... ........ 7 0
$1 o 1 ,000 The D enver City W .
phone Co , 1st, 6a, 1805,
W.. C o . gen. 5s. 1910 .......... 25
MAS..........................................100*4
$1,000 The American W . W.
$8,000 Coney I. A Br’lya RR.
Co. 1st eons, bs, 1 9 0 7 .....* 75
1st, 5a. 1903, JA J ................. 100*%
$10,000 Delaware Riv. A Lan­
$8,000 2d A re. BR. Co., 5a,
caster RR. 1st 6a. 1913....... 8
Deb., 1909, J A J ................... 95
$10,000 Carolina ( hitub. Gap
$10 ,0 0 0 Howe Seale M’ n fg .
A Chic. RR. 1st 6s, I9l 2 ... 40
Co., 5s, 1694, MAS............. 97**

R

— Messrs. Speyer & Co. and Kuhn, Loeb & Co. invite sub­ _____________S a n i u n g a n d I T i a a t i c l s t l . ______________
scriptions at par and accrued interest to ? 1,009,000 of Pitts­
T H E M E R C A N T IL E N A T IO N A L BANK.
burg Cincinnati Chicago & St. Lout? Railway Com­
pany’s
Pf'r cent consolidated mortgage gold bonds, series
O F T H E C I T Y O F N E W Y O R K .,
B. These are part of an issue limited to §75,000,000 and ma­
N o. 1 9 1 B r o a d w a y .
turing April t, 1942; the principal and interest is uncondition­
$ 1 , 0 0 0 , 0 0 0 1S u r p l u s F u a d , - $ 1 , 0 0 0 , 0 0 *
ally guaranteed by the Pennsylvania Co, by indorsement on C a p it a l.
each bon I. The subscription list will open both in this city WILLIAM P. 8T. JOHN. President. I FR8DKRICK B. 8CHHN0K, Cashlsr.
JAM£3 V. LOTT, Assistant Cashier.
and London Dec. 6 and close at 3 o’clock of the same day.
A c c o r n w rw s o t . i n i r m i ___________
—Attention is called to the announcement in another column
of Mr. Frank Seaman, advertising agent. He has opened a
S a m u e l
D .
D a v is
&
C o .,
branch office at 33 Wall Street, under the management of Mr.
Manden Fields, who has long been identified with the adver­
B A N K E R S A N D D EALER S IN IN VESTM EN T SE C U R IT IE S,
tising business, particularly financial, and which class of busi­
N O . 4 4 W A L L , S T ., N E W Y O R K .
ness the opening of the Wall St, branch is intended to facilitate.
BASHSm. D . IU V U ,
OllAS. B . VAN N obtraito
Mr, Seaman in his announcement refers to a long list of cor­
porations and firms for whom he has placed advertising.
Member N. Y , Stoek Exchange.

928

THE CHRONICLE.

g lu e

J a n k e r s '

d a ^ e tte .

fVOL. LiVII,

Posted rates of leading bankers are as follow s:
December 1.

D IV ID E N D !
Per
Cent.

I f amt o f Company.

Rmllrnada.

Albany & Snsquelianna, g u a r ...
Col. Hock. Val. & Tol. p r e f ___
Delaware < H ad. Canal (quar.).
&
Little Miami, guar, (quar.)..........
Maine Central (quar.)...................
Phils. Wilmington & Baltimore.
Rensselaer & Saratoga, g u a r___
United N. J ER . & Can. gu. (qu.)

H an k s.

Bank of the Metropolis.................
M is c e lla n e o u s .
Consolidated ft as of N. Y . (quar.)
Philadelphia Traction........... .........

When
Payable

Books Closed.
(D ays inclusive.)

2
18>
4
4
2%

2

Jan.
Jan.
Dec,
Dee.
Jan.
Jail.
.1an.
Jan.

2
2
15
9
1
2
2
10

Dec.
Dec.

3*a
2^9

Dec. 16
Dec. 24
Nov. 30
Nov. 30
------------t
------------t
Dec. 16
Dec. 21

to Jan. 2
to Jan. 2
to Dec. 15
to Dec. 8
o --------------o -------------to Jan. 2
to Jan. 1

15 Nov. 30 to Dec. 15
11

[■ W A L L STREET. FR ID A Y . DECEMBER 1 , 1 S 9 3 -5 P. M.
The Money M arket and Financial Situation.— The statem entof the New York City banks on Nov. 25th showed the ex­
traordinary surplus reserve of $70,885,175, and a further in­
crease is looked for to-morrow. Money on call is now 1@ 1%
per cent here and fully 1 per cent higher than this in London.
The announcement on Monday last of the proposed tariff
changes had the effect of knocking off the price of A m . Sugar
stock, and affected Lead to a less extent, but had no other
serious effect on the stock market.
The continued investment demand for bonds is one of the
best features of the situation, and this week there has also
been a good inquiry for the low-priced second mortgages and
income bonds, which indicates a growing confidence in the
future of the railroads.
The receipts of money by the New York banks from points
outside the city amount this week to about $10,385,000 and
the shipments from New York to about $2,411,000. The gold
now held by the banks of seven leading countries of Europe is
about $738,951,470, against $749,545,700 last year ; the silver
about $457,751,160, against $463,142,650. For the second
week of N ov., 73 railroads show gross earnings of $7,839,639
against $8,002,589 in 1892 ; and for the third week of
N ov., 65 roads show gross earnings of $7,374,795 against
$7,907,070, last year, a decrease of 6'74 per cent.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1 to 1% per cent,
the average being a little less than 1% per cent. To-day rates
on call were 1 to 1% per cent. Prime commercial paper is
quoted at 3 % to 4 % per cent.
The Bank of England weekly statement on Thursday showed
an increase in bullion of £89,000, and the percentage of re­
serve to liabilities was 50'76 against 52 00 last week; the dis­
count rate remains unchanged at 3 per cent. The Bank of
France shows a decrease of 2,375,000 francs in gold and
an increase of 2,075,000 francs in silver.
The New York City Clearing-House banks in their statement
of Nov. 25 showed an increase in the reserve held of $5,364,700
and a surplus over the required reserve of $70,835,175, against
$65,470,475 the previous week.
1893.
Nov. 2ff.

Loans and disc’ts
Olroulation...........
N et deposits........
Legal te n d e rs....
Reserve held.......
Legal reserve___
Surplus reserve..

Differ en' 8
from
Prev. week.

1892.
Nov. 26.

1891.
Nov. 28.

$
60 ,9 2 2 ,7 0 0
71 ,6 0 5 ,1 0 0
40 5 .2 0 1 .7 0 0
13,831,900
47 5 .3 1 1 .7 0 0
1 0 0 ,9 93,600
8 8 ,6 69,500
1 8 9 ,6 63,100
118,827,925

$
Inc.3,468",900
Dec. 2 44,700
I n .10,627,600
I n o .1,0 6 9 ,3 0 0
Inc .6 ,9 5 2 ,3 0 0
I n c .8,021,600
In o .2 ,636 ,9 0 0

$
60 ,4 2 2 ,7 0 0
68 .2 3 3 .5 0 0
44 2 ,6 4 6 ,0 0 0
5,6 7 2 .2 0 0
452,022,20c
7 9 ,43 2,400
4 0 .2 99.500
119,731,900
113,005,550

$
5 9 .3 7 2 .7 0 0
6 4 ,9 3 1 ,0 0 0
4 1 2 ,4 5 3 ,3 0 0
5 ,6 1 1 ,0 0 0
4 2 7 ,3 1 3 ,0 0 0
8 8 .5 8 0 ,9 0 0
3 3 .1 2 0 .7 0 0
1 2 1 ,7 1 0 ,6 0 0
106,82 8 ,2 5 0

7 0 ,8 35,176 I n c .5 ,3 6 4 ,7 0 0

6 ,7 2 6 ,3 5 0

1 4 ,8 8 2 ,3 5 0

Foreign Exchange.— Rates for sterling have been firmer
this week, owing to a fair demand from importers for short
bills to make remittances. Money in the open market in
London is also perceptibly higher, and this has had its effect
.on our rates of exchange.
To-day actual rates of exchange were as follows : Bankers’
Bixty days sterling, 4 83 % @ 4 8 3 % ; demand, 4 86® 4 8 G % ;
cables, 4 8 6 % @ 4 86%.
The following, were the rates of domestic exchange on New
York jat the under-mentioned cities to-day: Savannah, buym g
% discount, selling par® % premium; Charleston, buying par,
selling % premium; New Orleans, bank, $1 discount;commer­
cial, par; Chicago 70c. per $1,000 premium; St. Louis, 90c. pre­
mium.

Sixty Days.

Demand.

Prime bankers’ sterling bills on London..
4 84 %
4 87 © 4 8 7 %
Prime commercial........................................ . 4 8 2 % © 4 83
Documentary commercial............................... 4 8 2 % ^ 4 8234
Paris bankers (francsi...................................... 5 20 © 5 1933 5 1 8 % © 5 17%
Amsterdam (guilders) bankers....................
4011fi© 4 0 % I
4O ^© 4O *0
Frankfort or Bremen(reiolimarks) tinkers
95 © 9 5 %
I 95% ©95%

United States Bonds.— Quotations are as follows:
Interest Nov.
Periods 2 5 .
2 e , ..........................reg.
4 8 ,1 9 0 7 ... ..........reg.
4s, 1 9 0 7 ............. ooup.
6 b, our’cy,’ 9 5 ___ reg.
6 s, our’oy,’9 6 ___ reg.
6 s, our’cy,’ 9 7 ___ reg.
6 s, our’ey,’9 8 ___ reg.
6 b, our’oy,’ 9 9 ___ reg.

Q.-Meh.
Q .-J a n ,
Q.-.Tan.
J. & J.
J. & J.
J. & J.
J. * J.
J. & J.

* 94
1131,
>113
*103
*105
*108
*111
*113

Nov.
27.

Nov.
23.

Nov.
2d.

* 94
*113
*113
*103
*105
*1088)
*111%
*113>s

* 94
*113
114
‘ 103
*105%
*1<i8 V
*111%
U i3 > s

* 95
x 13%
*1138!
*x 01
x >3
x06
•x09
*X Ll

Nov.
30.

Dec.
1
' 95
’*112%
*113%
101
*104
*106
*109
*111

«
O
tr1

s
>
*1

*TbiBis the price bid at the morning board : no sale w as made.

Coins.— Following
coins:

are current quotations

in

gold for

Sovereigns............ $ 4 84 © $4 90
Fine silver b a r s .. — 6 9 % ©
N a p o l e o n s ....... 3 85 © 3 90 Five f i a a o s .. . . . . . — 9 0 ©
X X R e io b m a rk s. 4 70 © 4 80 Mexican d o lla rs.. — 56 ©
©
25 P e s e ta s .... . . 4 75 © 4 85 ! Do unoommero’ l Span. Doubloons. 15 55 © 1 5 75 Peruvian s o l s ... ., — 53 ©
55
75
M ex. D oubloons. 15 5o © 1 5 7o English s i l v e r .... 4 80 ©
Fine gold b a r s ...
par © % prem.lU.8 . trade dollar* — 60 9

—
—
—
—
—

70
95
57
—
54
4 90
— 65

United States Sub-Treasnry.— The follow ing table shows
receipts and payments at the Sub-Treasury.
Balances
Date.

N ov.25
“ 27
14 28
“ 29
“ 30
Dec. 1
Total

S eceip u.
$
3,0 8 7 ,6 3 6
2 ,4 94,271
3,6 1 6 ,3 0 2
3,7 7 8 ,0 2 2
3,5 0 3 ,3 6 9
16.479,600

P a y m tn it.

Coin.

$
6 1 ,3 70,545
6 1 ,3 17,239
61 ,2 2 9 ,1 8 0
6 1 ,2 91,836
.H O L ID A Y .
3 ,0 4 2 ,8 1 6 6 1 ,4 11,127

$
2 ,4 13,595
2,7 3 7 ,6 7 6
3,123,031
3 ,7 34,363

1 5 ,0 51,481

(Join Cert’s.

Currency

$
897 .9 6 3
681,388
822,623
667 ,1 2 2

$
2 4 ,2 1 8 ,7 0 5
2 4 ,2 4 4 ,6 8 2
2 4 ,6 8 5 ,2 7 6
2 4 ,8 2 1 ,7 8 0

553 ,9 3 2

2 5 ,2 7 6 ,2 3 1

................. i ......................

State and R ailroad Bonds.— The Virginia funded debt 2-3s
have been quite active at rising prices and $236,000 sold from
53% up to 55% ; $10,000 V a. 6s defd. tr. rec., stamp’d, at 6% .
Railroad bonds have met with a good investment demand
at firmer prices, and there has also been quite a movement in
some of the low-priced bonds. It is well known that many of
the lower issues, and even some of the first mortgages, had
reached prices which were near the level of bonds of default­
ing companies, and now since these railroads have pulled
through the recent crisis, their bonds are being taken, partly
on speculative account, as being more promising than their
stocks. Thus Atchison 2d 3-4s at 42% , Mo. Kan. & Texas 2d
incomes at 47% , Texas & Pacific 2ds at 22% , and St. Louis
Southwestern 2d incomes at 22% , are all higher under the
stimulus of this inquiry. The popular 4 and 5 per cent mort­
gage bonds among the lower-priced issues on the Stock E x­
change have been taken fairly by investors and nearly all o f
them at stronger prices.
Railroad and Miscellaneous Stocks.— The stock market
this week has generally been strong for railroad stocks, but
weak for some of the industrials that would be most affected
by tariff legislation. The railroad stocks are firmer on what
is believed to be their actual merits based on earnings;
the good showing by St. Paul and improvement in the railroads
of the Southwest, as well as the favorable exhibits of the coal
roads, so far as reported, have all contributed to give more con­
fidence in the railroad situation. Burlington & Quincy was
made a point of attack by the bears and sold down a little but
this had no general significance. Atchison bonds and stock
have been notably strong on the better prospect for earnings
and for the company’s financial condition.
N . Y . & New
England is up to 31% without any new point about its alli­
ances. Union Pacific is stronger since the appointment of
the reorganization committee.
Reading is steady, but no
higher on its good statement of earnings for Octo­
ber, as the monthly statement is usually “ discounted”
in Philadelphia before it comes out. Western Union Tele­
graph has been taken steadily at the higher prices and closes
at 92, this being one of the dividend-payers that is most
easily worked up and down for 10 points either way. A m ong
the so-called industrials, Chicago Gas has been a leader, selling
up to 69 and closing at 68. Sugar had immense transac­
tions and fell off to 80, after the announcement of a proposed
reduction of % cent per lb. on refined sugar in the new tariff,
but closes at 81% . Distilling & C. F. has also been weak,
down to 25% , closing at 27% , on what is supposed to be
the prospect for the advance in the internal revenue tax.
Lead sold down to 21% and closes at 22%.

D ecember 2, 1893.]

929

THE CHRONICLE.

S E W YORK STOCK E X C H A N G E —A C T IV E STOCKS fa r week ending DE C EM B ER I , and since JAN . I , 1 8 9 3 .
H IGH EST AND LOWEST PRICES
Monday,

Saturday,
N ot. 25.
20
*2

Nov. 27.
19%

20%
2*3

70%
•73%
52
118
19%
*135
81%
99%
85%

2%

*1 2 0 % 122

108%
140
70
39%
116
37%

20%
2%

19%

*2

72
71%
74% ‘ 73%
52%
51%
117 | 118
19%
19
150
TS7
82%
80%
*81
99% 100 100 ,
66% 61% 66% ' 64%

70%
71%
74% •73%
52%
51%
120% 117
19%
18%
140
135
82%
80%

121% 1 2 1 % *120

109% X l0 5 % 1 0 6 k 195%
140 11138% 140 |
09%
70% 69% 71
39%
39% 38% 39%
114
116
117 117
37%
36% 37
30%

22% 22%
22
*65
70
*65
188 138% 137
169% 109% •166

22
70
138
169

20%

*5
10
20%
*85
103
19
8%
*7
*38
•70
10%
*5%
7%
16%
15%
52
*0
31%

20%

5%
5%
to
10%
26 %
25%
90 . 90
108 *103
19
10
8%
8%
7%;
7
45
*38
75 j -70
19%; 18%
0
*5%
7%
7%
10 V
16 *4
15 %f 15%
52%
52%.
7 j *0*4
31%
72

II

II

*10

121

11

10

6%
23
50
35
8
7
2*2%
10
52
3%
10
20

*6%

22%

106%
139%
70%
71
39% 39%
117
118
37
36%

*10

32%
%
15
5
71
11*2
91
7%
28%
10%
08*4
130%
99
50%
9%
3
129
102

60%

|

100%'
139%!
71%
39%
119
37%

V,
V,

49%

6%
22%

7

7

21%

ns

*48

n|
*18

31
70
80
31%
82
114%

|

32V

*%

%

*4

•l

17

r
>

*70
•108
93%
7%
28%
17%

72
112
93%'
7%
28%
17%

129%
98%
50%
9%
•.........
128

129%;
99
51%'
9%
3%
128 I

102

102%

68% 08%;

14
38% 38%
14% 14%
20% 26% 20%
20% 27%
26%
17 c l *17% 13
*70
80
75
103
103
103
17
16% * •Hi
70
07
*31
34
34
15
15%
32
32
30% 31%
*197%
200

50
35

6

11

32%

13% *13

0

22

i«

52
3%

16

17% 17%
17
17
48% 43%
21% 21%
6%
0%
22% 23
*16%
’ 25
50
*tr*j

0%
7
21%
*15
*48
*\z

•14

6%
7
21%
16
52
3%
IS

20

5%
10%
20% *20%
90
108%
107
19%
19%
9
9
7%
7'H
45 t *38
75 \ *70
20*4 2 0 %
0
5%
7%
7%
16%
16%
15%
15%
52%
52%
*6
7

5%
10%
23
90
166%
19%:
9%
7%
45
75
20%

5%;

1?

15%
52%
7

31%
71

31% 31%
74
74

§?!*

81%

85

83

S
tic
99%

85%
85
99%

- 02% 60
12
1 1 1 *10

I 15%

*99% I

82%
99

66
*10

08

12

24
24% 25
25
*24% 25
*24% 25%
134% 135
134% 134% 134% 134% x i:i2% 182%
30% 31
26% 29% 85% 28
25% 27%
36% 3 0 % 3(1
38 % 35% 38%
37% 38%
122
22%
118% 20
*48
49% *48
m
149
50
*40
50
26% 20% 23% 28%
22% 23%! 23% 24
74
75 j 09
73
03
O , 07% 69%
H
5%
5%
5
4k
•4%
4%
4k
Ik
12% 12%
12% 12% *12
13
12% 13%:
18
*10
18
18
17
17
17
17
*75
*75
75
75 ! 73
75%
173 173 1 174 174
173% 174
174 174
n& h

*30
43
00% 91%'

40
40
89% 90%

15

1.5%

15%

1 5 %;

30 | *38
42 f
KMj 91 %!
80% 0 0 % 5
* These are bli.1 and asked; no snlo m ine.
ii 014 certificated.
m

Range of galea in 1893.

Lowest.

H ighest

A c tiv e R B . S to c k s ,
S IV A te h iso n Topeka & Santa F e.

30,192) 1 2 % July 31 3 6 % Jan.
200
1% July 25
5 % Apr.
1 ,1 7 0 5 4 % July 27 9 7 % Jan.
7 4 % 74=3 Camuliun Pacific........................
100 66 July 2 7 9 0 % Jan.
52% 53% Canada S outhern....................
4,560 3 4 % July 27 5 8 % Jan.
1 1 % 117% Central o l N ew Jersey............
1 ,692 84 July 26 1 3 2 % Jan.
19% 1978 Chesapeake & O .,vot. tr. c e r t
4 ,763 1 2 % July 26! 25
Apr.
*13C
Chicago & A lt o n ......................
60 156 Ang. 16 1 4 5 % Fob.
80% 81% Chicago B urlington A Quincy 55,5 3 0 , 6 9 % July 2 6 1 0 3 7s Jan.
...................... lUileaWf A Em-stern Illin o is...
......... 51 Aug. 21 7 5 % Jan.
100% 1 0 0 %!
Do
jiref
2 7 0 ,8 5
Auv. 1 7 1 0 5
Jan.
68% 667< Chicago Milwaukee & St. Paul 115,597! 4 6 % July 26 8 3 % Jan.
j
120% 120%!
Do
pref.
215 100 July 2 6 1 2 6 Jan.
106% 106% Chicago A N orthw estern....... 1 6 ,1 2 0 8 4 V July 26 1 1 6 % Feb.
Do
pref.
139% 139%
1 .290 1 2S Aug. 18 1 4 6 Jan.
70% 71% Chicago Rook Island & Pacific 3 1 ,2 9 6 5 1 % JuD 31 8 9 % Jan.
9 ,035 2 4 July 26 5 8 % Feb.
39% 40 Chicago S t Paul Minn. & Om.
Do
pref.
3 0 0 9 4 Ang. 23 121 Feb.
>117 119
36% 37 Cleve. Clncta. Chic. A St. L ...
2 ,2 9 0 25 July 26 60 % Jan.
Do
pref.
7 5 O c t 13 98% Jan.
600 11% Aug. 2 32 % Jan.
*21% 22% Columbus Hacking Val. A T ol
*66
69
Do
pref,
5 9 % Ang. 2 7 3 % J a u .
135% 136% Delaware & Hudson
5,465 102% July 2 0 139 Jan.
167 169% Delaware LackawaunaAWest
2 0 0 127 July 27 175 Nov.
*1 0 % 1 1
S% July 13 18% Jan.
Denver A Rio Grande
8 ,115 2 4 July 19; 5 7 % Jan.
Do
pref.
33% 31%
% East Tennessee Y a. A O a........
% J nly 3
5% Feb.
*%
*4
17
10 June 3 3 5 % Feb.
Do
1st pref.
*1
5
Do
2d prof.
2 July 7 1 1 % Feb.
70
71% EvanssvIUe A Terre H a u t e ....
430 6 3 Sept. 6 152 Jim.
108 11
Great Northern, p ref...............
100 July 2 7 1 4 2 % Feb.
94% 94% Illinois Central..........................
1,058 8 0 July 10 104 Jan.
*7%
8 towa central............................ .
400
5 July 25 11 Jan.
*28% 30
220 12 July 2 7 37 Jan.
Do
pref.
17% 17% Lake Erie A W estern ...............
450 12% July 27, 25% Jan.
68% 68%
Do
pref.
965| 53 July 31 82 Jan,
128
128% Like Shore A Midi. Southern 6,914 104 July 31 134% Apr.
*98% 100 I
5801 9 0 July 27 110% Jan.
Long Island.
51 % 52% Umisvlile A Nashville.
17,590 4 3 % Oct, 10 7 7 % Jan.
*9% 1 0 Loatav. New Alb. A Chicago.
1,210
8% July 27 27 Jan.
........
3 Louisville St. Louis ,c Texas.
1,8001 2% N ov, 2 7 2 7 % Jan.
126% 128 Manhattan Elevated, consol..
1 ,1 8 0 100 July 26 174% Jan.
2,195 7 9 % Aug. 21 109% Apr.
101
102% Michigan Central......................
1 ,102
13% i3% M in uea polls.V St. I.., tr. reels.
6 Aug. 3 II19% Jan.
603 18 July 31 1149 Jan.
*37% 39 j
1 11
pref.. tr. rects.
2,408
14% 14% Missouri Kansas A T » » a s —
8 July 1!) 10 Jan.
5,093 13 % July 27 2 9 % Jan.
25% 27
Do
pref.
7 ,210 10% July 2 « 6 0 Jan.
2 6 % 2?V M D sourl P a c i f i c ........ ..........
6% July 20 37 Feb.
800
*17% 18% Moi.il.. A O h io........ ..................
100 5 5
so :Nashv. Chim;m
<>.u:u4 .L.>
uis
Aug 11 9 0 Apr.
103% 103% New Y ork Central A lludsitn ' 1,786 9 2 July 2 0 111% Jan.
300
16% 16% New* YnrkCulcago A St. L'Uis
9 % July 18 2 0 % Apr.
210 45 July 20 78 Jau.
*60
09
Do
~
1st pref.
400 18 Julv 20 4,1 Apr.
32% 32%
Do
2d pref.
3 ,980
7% July 20 2 0 % Jan.
1-5% 13% New York Lake Erie A W c « ’n
33
33%
Do
prof.
1,135 15 July 20 08 Jafl.
2 8 ,0 7 7
30% 32 Now Y ork A New England........................1 6 % J 'll v 31 5 2 % Jau.
198 198 New 1 ork New Haven A Dart.
100 188 Sept. 28 2 0 2 % Jan.
Aug. 3 1 : h
Jan.
New York A Northern, p r e f ..
HI
July 18 1 9 % Jan.
N. w York Ontario A western
5 ,0 0 0
July 27 | 2 1 % Jan.
|
New York su.-.ip & West., n ew ,
1,075
Aug. 18 [| 3 % Jau.
7
Do
p te f.
1,515
5 % July 31
O k J au .
Norfolk A W estern................. .
Do
l*ref480 1 6 % July 10 39 % Jau.
3% Aug. 19 18% Feb.
Northern P acific......................
970
Do
p ref
3,065 15% Ang. 16 5 0 % Feb.
11 July 22 25 Feb.
Ohio a M ississippi..................
25 M ay 10 4 9 Jan.
Ohio Southern........................
2 5 % Get. 10 8 4 % Jau.
Oregon R 'j .v Navigation Co.
570
5 % Get, 19 25 Jan.
8% O regon8b. Lin.- ,v Utah North
300
4 July 26 1 8 % .Tan.
7% Peoria Decatur A E vansville.
21 b Philadelphia /. R eading------- 46,7 2 7 12 Jill 29 53% Jan.
11% Aug. 2 21 % Jan.
16 Pittsinug Clan. Chic. A- St. L .
52 1
Do
pref.
4 0 July 27 0 3 Jan.
600
1% Aug. 10 ||12 Feb.
3% B leb. A W. P, TennT, tr. recta.
12 10 Aug. 2 1 843 Feb.
......
13%
Do
pref. tr. recta.
200 10 Oct, 5 22 Jan.
Rto Grande Western.......... .
4 0 Sept. 0 02% Jan.
................... :
Do
pref.
3 % July 31
*455
*5
8% 8t, Louis Southwestern..........
7 % Jam
*10% 10%
Do
pref.
645| 0 July 2H 15 Jau.
Aug, 19 4 7 % Jan.
7 0 0 22
27
27 St, Paul A D uluth.....................
100 90 Aug. 24 108 .Tun,
*85
90 1
Do
pref.
100 95 Julv 27 116% Feb.
10 6
108 St. T iiu! MInn. A M a n itoba ...
’
1,714 17% Petit, 15 35% Jail.
19% 19% HoutUei 11 Panne C o.................
4% July 28 11 J an.
0%
9% T ex u «& Pacific........................ 12,455
785:
7 Aug. 9 4 0 % Jan.
7
7% T oledo Ami Arbor A N. Mich.
*38
45 Toledo A Ohio Central............
2 2 % Aug. 29 50 Jan.
*70
75
Do
pref.
67 Sept. 11 85 Jan.
28,9 0 5 15 % July 2-6 4 2 % 'an.
20% 23% Union P acific..........................
1,035
6
7% Union Pacific D enver A Gulf
5 JuL 20 18% Jan.
5 % July 31 12% Feb.
7%
8 W abash.......... ............. ...........
1,700
9=4 July 26 2 0 % Feb.
16% 16%
Do
pref.
3,945
1.330 10 July 26 23*4 Jan.
16>s 15% Wheeling A Lake B r ie ,..........
2,2571 31 July 27 G7% Jan.
52% 52%
Do
prof.
1% Aug. 10 15*4 Jan.
*6
7 Wisconsin Central Company.
•2

39%
11%

*25
•27

5%
10%
26%
26%
*85
00
108 *103
1**% 10%
8%
8
7
7
45
*38
75
*70
19% 18%
6
*5%
7% , 7%
HP16%
15%
15%
52%
52%
7
*0%
31%
72 ;
91 !
87%
83 |
98%
04%

2%

72%
75 |
53%
119 I
19%'
140 j
82%

Sales of
the
Week,
Shares.

STOCKS.

Friday,
Dec. 1.
20%

20%

120% 122

106

*2

«%
6%
23 *4 23
17
50
*25
33
•27
8
*6
7%
7
21%
!«'•» *15
52
*48
;i% * :3
15% *14
20

31
70%
04% 85%
89
85%
85 > 83
*94% 99% 98%
04
64%
62%
72
91%

20% 2 0 %
2%
2%
73 i 72%
•74%
74
52%
52%
119 | 119
19%
19%
.........j 140
82 ■ 80%
81%
99%
««
06%

22%
21% 21% •22
*66
09 I
*60
69
137 138 I13S%136%]
•168 169%
169 i e o

32% 32%
32
31%
32%
•%
%
"%
*%
%
•5
15 i *5
*5
15
•1
5 I *i
5
*1
•68
75 I *7i
75
70
*108 112 - 108 112 *108
94
94%
9 3 k 9 l '4 94
*7%
8 I
7%
7%
7%
*26
29% *26
29
28%
17
17 i *10% 17%
10%
*08% 69 1 08% 68%
08
129% l:iu% 129 x;*o% 129%
98% 98%
'97%
99
99%
49% 51 1 49% 49% 49%
9%
9%
*9% 10
9%
’ ........
0
* ..... .
2%
3
128% 130 1 130 130
128
103 103% 10-2 103
102
13% 13%
13% 13%
13
37% 39%
39
•37%
39
14% 14%
It
14%
14%
26% 26% 20
20% 20%
26% 27%
25% 27
25%
16% 17 , 17% 17%
17%
*75
80 ! *75
90
75
103 103
1 0 2 % 103% ' 103
• !«% 17 ‘ *16
17
16
*88% 69%
08% 68%
67
*83% 31
*32
34
*31
15% 15%
14% 15
XI % 31%
32
32
30% 31% 29
31%
*196% ISO i
197%
" 7 ........'7 **
' 17% "17%
17% 17%; 17
17% 17% *17% 18
*17
50
SO
49
49%' *48%
«%
2*2%
25 *8
*25
*27
*6
*7
21
*15%
*18
* :3
*14

Thursday,
Nov. SO.

Tuesday, ;Wednesday,
N ov. 28. I Nov. 29.

2% Atlantic & Pacific.......................

72

73

Baltimore A O h io.....................

1

*70

01

1 H IIa ie ila n e a iiK S t o c k s .

31 A m erican Cotton Oil C o........
31
2,653 24
70
70
i
Do
p ref.
230 50
80
83
American Sugar Refining Co. 421,854 01%
82% 83 j
I>o
pref J
9*018 6 6 %
7 9 % 8*i% American T obacco Co....... .
2,499 43
Do
p r e f.1
295 75
*97 100 |
0 7 % 09 Chicago Q m Co., trust r e e 'ts.. 107,548 39
8%
* lo
12 iO l > »ra« io Coal A Iro fi D evei.. j
1
100
24
24 Colorado F»t4 %I r o n ............I
600 17%
131% 13
*2 ITown% Mated Gaft C om pany.. • 2,226 108
2 8 % 2 7 Distilling & Cattle Feeding Co IV-1,255 12
“
37 % 37% Gen r«l Electrio C o................. 37,032 30
0,133 17
119% 20 jNational Cordage Co., n o w ...

July 2 0 51 % Mar.
July *20 81 Feb.
July 31 131% Feb.
July 31 104% Jan.
Jill 311*21 Jan.
July 31 110% Jan.
Jul Ml 9 4 % ,ion.
Aug. 29 2 5 % Feb.
Aug. 15 72
Feb.
July 27 144 Jan.
July 31 6 6 % J a u .
July 29 114% Jan.
Aug. 2511147 Feb.
...............-.1
Do
pref.
200 122 Auk. 23 118% Jan.
21% 23%iNaU<mxiLead C o ,* ...............- 14,775 18% Julv 27 5 2 % Jan.
5,001 48 . uly 26 9 6 Jan.
68%
Do
pref.
05
2% Aug. 10 11% Mar.
740
4 % North American C o...............
4%
570
H Aug. 2 * 21% Fob.
13% KfvjOrcffou im provem ent C o ...w
430
8% July 27 2 7 % Jan.
10 '4 10 V Pacific Mail . . . . ............... .
70% 70% Pipe Line Certiricatcs .......... 100,000 5 2 % ja u . 18 7 6 % Dec,
724132
Ang. 1 2 0 6
Apr.
174 174 jPull man Palace Car Company
'
......... 62 June-29 8 4 % Jan.
- ...........|8ilvt*r Bullion Certificates—
1 ,7 8 0 10% Aug. 10 3 7 % Jan
15 % 15% Tew nes^ee Con 1 < Iron. . . . . . .
fe
.......... 59 July Ml 102 Jan.
............. . . J
Do
pref.
A "tf. 17 0 0 % A pr.
38
42 jtfnited States R obber Co
2S0 17
O western I ..li-.r Tr.l.,irl«.iiil
til % Q
92 IV... 4..
i uh*n Telegfapll
57.850 07 % Jul 2 « lo t Jan.

1

I Fjiat instalm ent paid.

J 2 d instalment paid.

% Lowest is e x div.

16
29
24
16
16
21
6
I
21
25
23
23
23
1
20
23
9
3
23
30
19
17
27
3
21
23
4
3
3
12
7
25
25
16
14
18
8
21
21
14
16
13
8
14
16
25
16
21
18
18
25
8
23
5
25
24
17
18
24
20
23
23
10
23
14
6
1
25
23
10
21
25
24
24
3
6
25
28
18
18
18

30
14
16
19
31
17
7
27
16
9
7
17
17
23
3
14
6
19
3
3
21
7
14
20
3
10
10
20
21
20
24
9
3
1
12
18
14
31
18
20

THE CHRONICLE,

930

[V o l , L V II,

NEW YORK STOCK EXCHANGE PRICES (C o n tin n e< l)-IN A C T IV E STOCKS.
I n a c t iv e St o c k s .
1 Indicates unlisted.
T

R a ilro a d Stocks.

Albany & Susquehanna..............100
Belleville & South. 111. pref.......100
Boston « N. Y . A ir Line p re f.. 100
fe
Brooklyn Elevated 11....................100
Buffalo Rochester & Pittsburg. 100
Preferred....................................... 100
Burl. Cedar Rapids & Nor..........100
Central Pacific................................ 100
Cleveland & Pittsburg................ 50
Dee Moines & Port Dodge......... 100
Preferred..............................
100
Duluth 8o. Shore & Atlantio H.1 0 0
Preferred H................................... 100
Flint & Pere Marquette............... 100
Preferred....................................... 100
Georgia Pacific Trust ctfsfl— 100
Gr. Bay Win. & St. P. tr. reo___ 100
Preferred trust rects................ 100
Houston & Texas Central..........100
Illinois Central leased lines— 100
Kanawha & Michigan.................. ICO
Keokuk & Des Moines................. 100
Preferred....................................... 100
Louisv. Evansv. & St. L. Cons. 100
Preferred.......................................100
Ix)u. N. A. & Chic., preferred.. 100
Mahoning Coal............................... 50
Preferred...................................... 50
Mexican National.......................... 100
Morris A E sse x.............................. 50
N . Y . Lack. & W estern................ 100
Norfolk < Southern...................... 100
fe
Peoria & Eastern...........................100
Pitts. Ft. W ayne & Chicago___ 100
Pitts. & Western p f...................... 50
Rensselaer A Saratoga................100
Rome W at.A Ogdensburgh___ 100
Bt. Louis Alton < Ter. Haute.. .1 0 0
fc
Preferred.......................................100

Dec. 1.
Bid.
170

Ask.

X 6*2
20
6

15

20%
30
72

75
19%
150
40
7
20

3
53*

X 39%
100

till
53
5
150
32

Nov.

98 " M a y 1 0 2 % Jan.
19 Aug. 4 1 % Jan.
21*4 Sept. 37 Jan.
7 0 Sept. 8638 Jan.
45 July
65 Jan.
16% July
29 % Jan.
135 July 157% Jan.
4 July
9 % Jan.
22 Feb.
2 4 Mar
5 July
14% Jan.
11 July
32 Jan.
14% Sept. 23 Jan.
45
Aug. 7 7 % Jan.

8

34
185
109% 112
25
35
155
145

178

Jan.
Jan.
Mar.
Feb.
Jan.
Oct.
Apr.
Mar.
Jan.
Oct.
Mar.
May

136
99%
50
3
140
25
150
99 %
20
145

12
5

"l2 "

90
100

Aug. 175

M ar.
Jan.
Feb.
Jan.
Feb.
Apr.
Feb.
Jan.
May
Mai

* No price F riday; latest price this week.

Aug.
Aug.
June
Aug.
July
Aug.
Aug.
Aug.
Aug.
Nov.

163
114
60
9%
156
42 %
179
112%
37 %
150%

(\ Indicates actual sales.)
Dec.

I n a c t iv e Stocks .
IT Indicates unlisted.

Highest.

5 July
14%
11 June 2 9 %
2 % Aug.
7%
86 June 91
1 0 Sept. 1 4 %
5 78 Oct.
5%
1 0 July
28
9 Aug.
27
4738 Nov.
49
38
Oct.
45
100
Mar. 1 0 0
105 M ay 105

2

”l0%

Lowest.
150

175

19
60
50
19
148

Range (sales) in 1893-

Bid.

1.

Range (sales) in 1 8 93.

Ask.

Lowest.
14
8

Toledo St. L. A Kansas City IT.

M iscellaneous Stocks*
American Bank Note Co H.
Amer. Telegraph & Cable.......... 100
Brunswick Company................... 100
Chic. June. R y. A Stock Y ards. 100
Preferred.......................................100
Citizens’ Gas of Brooklyn......... 100
Colorado Fuel & Iron, pref........ 100
Columbus A Hocking C oal........ 100
Commercial Cable......................... 100
Consol. Coal of Maryland.......... 100
Edison Electric Illum inating... 100
Interior Conduit & Ins. C o .........100
Laclede G as..................................... 100
P referred ..................................... 100
Lehigh & Wilkesbarre Coal 1
)
[Maryland Coal, p ref......................100
Michigan-Peninsular Car C o .. . 100
Preferred....................................... ICO
Minnesota Iron...............................100
National Linseed Oil Co.............. 100
National Starch Mfg. Co............. 100
New Central Coal........................... 100
Ontario Silver Mining..................100
Pennsylvania Coal........................ 50
P. Lorillard Co. p ref..................... 100
Postal Telegraph—Cable IT...,
Pullman Palace Car r ig h ts ...
Quicksilver M ining....................... 100
Preferred.......................................100
Texas Pacific Land Trust.......... 100
U. 8. E xpress.................................. 100
U. S. Rubber preferred............... 100
W ells. Fargo E x p r e s s ................. 100

150
47
J117
| 87

50

134

14
17

May
Jan.

Aug. 1 6 0

Jan.

100
Aug.
6 5 % Aug.
5
4 June
3k!
8 0 May
9 3 3 Jan.
4
55 Sept.
70
8 0 June
1 71) 7% 5 July
180
Feb.
25 35
26 M ay
7 1 % Aug.
: 97%
40 Aug.
16% 17% 9% Aug.
69
72
48
Aug.
22
25
22 N ov.
45
55 Aug.
70
9 2 % Sept.
7 7 % Aug.
6 4 Mar.
14 % July
X 21
6 July
11
8
9% 6 Aug.
8
7
7
Sept.
9
260 300 260 June
48

It* 2%
t 12
51
55
84
89
a 24

47%
13 %
13i
12
734
43
. 51
120

Highest.

May
May

1 2 0 % F eb.
92 % F eb.
9 % Apr,
108 Jan,
93% Jan.
109 Jan.
1 1 1 % Jan.
2 9 % Jan.
185 Mar.
3 1 Jan.
131 Feb*.
71 Jan*
26 Jan.
7 4 % F eb25 Jan.
67 A p r.
1 0 6 % JaD.
1 0 0 78 Jan,
6 9 % Jan.
41 Jan.
3438 Jan
1 1 78 Jan.
19 Apr.
3 0 0 Mar.

Nov. 8 3 %
16%
May
3%
Nov.
Mar. 2 0
13%
Oct.
Aug. 7 0 %
99
Aug.
Nov. 1 5 0

Feb
May
Feb.
Feb.
F eb,
Jan.
J an .
Apr.

t Aotual sales.

NEW YORK STOCK EXCHANGE PRICES.—S T A T E BONDS D E C E M B E R l .
SECUR ITIES.
Alabama—Class A , 4 to 5 ........ 1906
Class B , 5 s ................................1906

Bid.

95
95
92
92
Currency funding 4 b............. 1920
Arkansas—6 b, fund,H ol.1899-1900
4
da. Non-Holford 150
2
7 s, Arkansas Central H R .............
Louisiana—7 8, cons...................191 4 110
New conols. 4 s........................1914
98
Missouri—Fund............... 1894-1895 100

Ask.

SECUR ITIES.

Bid.

102
New York—6s, loan...................1893
105% North Carolina— 6s, o l d ........... J&J
98
98
New bonds, J & J ..........1892 1898
10
Chatham R R .....................................
190
Special tax , Class I .....................
10
Consolidated 4 s ...................... 1910
6 s .................................................. 1919
Rhode Island—6s, oo u .. 1893-1894
South Carolina—Os. non-fund.1888

New York City Bank Statement for the week ending Nov.
W e om it two ciphers (00) in all cases.

Bank of New York.
Manhattan Co..........
Merchants’...............
Mechanics’...............
America.....................
Phenix........................
City.............................
Tradesmen’s.............
Chemical...................
Merchants’ Exch’ge
Gallatin National...
Butchers’* Drov’rs’
Mechanics’ A Trad’s
G reenw ich..............
Leather Manufac’rs
Seventh National...
State of New York.
American Exch’ge..
Commerce.................
Broadway..................
Mercantile................
Pacific........................
Republic............... . . .
Chatham...................
People’s.....................
North America........
Hanover....................
Irving.......................
Citizens’. . . . . .............
Nassau.......................
Market & F ulton...
St. Nicholas..............
Shoe A Leather.......
Corn Exchange.......
Continental...............
Oriental....... .............
Importers’ & Trad’s
Park...........................
East River...............
Fourth National....
Central N ational___
Second National___
Ninth National.......
First National........
Third National........
N .Y . Nat. Exchange
Bowery........ .............
New York County..
German-American..
Chase National........
Fifth Avenue...........
German Exchange..
Germania..................
United States..........
Lincoln......................
Garfield..... ................
Fifth N ational.......
Bank of the Metrop
W est Side..................
Seaboard
.........
Sixth National.........
Western National..
First Nat., Br’ klyn.
Bomb era National..

$
$
2,000,0 2.101.4
2.050.0 1.838.5
976.2
2,000,0
2,000,0 2.067.6
2.110.9
3.000.
0
463.9
1.000.
0
1,000,0 2.739.0
193.5
750.0
300.0 7.321.9
177.0
600.0
1,000,0 1.584.0
318.9
300.0
427.3
400.0
182.5
200.0
548.5
600.0
1C9.3
300.0
548,7
1.200.0
2,449,8
5.000.
0
5.000.
0
3.570.6
1.000.
0
1.665.6
1,000,0 1.114.7
465.5
422,7
964.9
1.500.0
9f 3,8
450.0
200,<* i 331,1
651.4
700.0
1,000,0 1,928,(
345.6
500.0
600,U
465.6
500.0
200.1
822.5
750.0
152.7
500.0
291.1
1,000,0
1,000,0 1.227.7
294.6
1,000,0
300.0
424.0
1.500.0 5.700.8
2,000,0 3.136.6
137,4
250.0
3.200.0 2,130,5
643.3
2,000,0
300.0
511.0
352.4
750.0
500.0 7,316,4
140.2
1,000,0
300.0
151.3
250.0
626.7
200.0
670.1
750.0
300.8
500.0 1.185.7
100.0 1.034.7
200,0
616,6
200,0
691.8
612.4
600,0
800,0
449.8
200,0
600,6
200,0
330.6
300.0
779.2
200.0
286.2
246.6
500.0
200.0
341.6
2.100.0
220.5
837.7
300,0
1,000,0
156.5

Loans.

Specie. Legals. Deposits.

$
$
12,600,0 1.900.0
11,220,0 6.430.0
8,016,2 2,520,9
7.561.0 3.429.0
15,299,1 3.398.5
4.300.0 1.049.0
16.277.6 10,763,7
262.5
2.237.1
22,487,4 9.999.0
3.846.0
586.5
5,726,4 1.187.4
24 1,6
1,628,9
170.0
2.180.0
172.9
1.006.3
2.984.4
492.4
1.444.8
160.6
405.3
2.146.0
19.439.0 4.296.0
2.512.0
17.0
92,5
4.969.2
771.5
8,578,b 1.256.6
482.0
2.279.6
0,409,9 1.652.6
6.597.6
681.5
354.3
1.624.8
4.866.5
759.7
13.492.0 4.785.1
2.493.0
355.9
2.571.7
815.7
1.016.2
464.6
4.291.5
478.9
1.940.2
110,2
3,0«<8,0
501.0
8.206.9 1.450.6
3.680.7 1.374.0
1.740.0
181.5
18.256.0 4.010.0
20.828.6 5.355.1
119.6
1.047.8
17,426,8 3.310.5
7.126.0 1.069.0
4.269.0
953.0
2.896.2
761.0
20,814,7 3.039.1
5.692.1 1,808,8
1.175.2
43,b
2.375.0
465.0
2.827.0
712.2
646.2
2.185.5
9.362.0 4.412.6
802.4
6.646.6
2.464.2
213.1
270.4
2.494.0
4.378.3 1.209.7
4.459.4
641.5
892.0
3.694.7
1.648.4
201.9
3.876.0
650.5
2.150.0
381.0
3.882.0
675.0
1.638.0
212.0
8.409.2 1,622,6
4.180.0 1,050,0
1.831.8
113,1

%
2.730.0
2.620.0
1.397.6
2.249.0
2.678.0
346.0
5.525.4
365,7
1.853.0
788.3
1.343.7
161.3
535.0
211.0
339.4
246.6
1.103.8
2.996.0
10,609,4
729.7
1.210.0
597.6
1.257.1
851,9
573.0
1.259.2
1.881.9
357.0
463.4
620.6
977.2
525.1
1.417.0
1.685.0
1.202.4
609.8
5.755.0
2.901.4
166.3
4,868,8
2.343.0
793.0
760.0
3,800,6
270.6
266.8
370.0
100.4
476.7
1.022.5
762.1
521.1
586.0
1.067.1
1.122.4
306.0
34b,2
1.110.5
235.0
686.0
184.0
1.950.2
252.0
418,6

$
13.100.0
17.331.0
9.980.3
7.713.0
17.335.9
4.219.0
28,654,2
2,082,6
26.657.1
4.332.6
6.667.2
1.577.0
2.330.0
1.127.7
2.340.6
1.685.4
2.346.6
17.752.0
10,089,7
4.366.3
8.296.2
3.076.9
10.039.2
5.545.7
2.957.7
5.424.8
Id,351,1
2.365.0
3.400.7
2.505.4
4.332.6
2.170.2
4.033.0
9.424.6
5.634.3
1.842.0
22.922.0
25.063.2
896,9
20,409,5
10.134.0
6.115.0
3.706.1
20,635,9
6.546.8
1.077.9
2,811,0
3.194.0
2.428.6
13,8 84,7
6.300.4
2.946.7
3,123,6
5.885.5
6.272.1
4.511.6
1,759,3
6.152.8
2.289.0
4.562.0
1.335.0
9.619.7
4.373.0
1.507.9

Total.................... 60,922,7 71,606,1 405,201.7! 1009936 88,669,5 475,311,7

60
—
60
60
70
Compromise, 3 -4-5-6s........... 1912
i'07“
5
New settlement, 6 s ............... 1913 103
5 s .................................................. 1913 100
5%
71
73
3 s .................................................. 1913
98
Virginia funded debt, 2 - 3 s ...l 9 9 1 ‘ 54% 5 5 %
6
7
6s, deferred bonds..........................
2
6s, deferred t’st reo’ts, stamped.

New York City, Boston and Philadelphia Banks:
Capital
Surplus.

Ba n k s .
Capital Surplus

Ask,

Bid.

Tennessee --6 s, old..........1892-1898
6s, new b o n d s ..........1 8 9 2-8-1900

30
10
15
3
3
96
116
100
1

£5, 1893, is as follows.
(00s omitted.)

SECU R ITIES.

Ask.

N. Y o r k .*
Oct.f 2 8 ....
Nov. 4 ___
“ 1 1 ....
“ 18___
“ 25 ---.
Bo«ton.*
Nov. l i —
" 1 8 ....
“ 2 5 ....
P h lla .*
N o v .ll---“ 1 8 -..
“ 25—

$
132.017.5
132.527.8
132.527.8
132.527.6
132.527.8

Loans.
$
397.324.8
402,383,3
402.986.0
401.732.8
405,201,7

Legols. Deposits, t Oirc'Vn Clearings.

Specie.

64.642.9 160.436.0 15.581.0
64.642.9 161.406.0 10.648.0
64.642.9 162.228.0 11.070.0

$
148108
144099
143563
140766
138319

9
545,371,
617,188,0
499,282,0*
536,338,3
516,513,2

9.113.0 147.390.0 9.321.0
9.056.0 149.720.0 9.286.0
8.935.0 148.355.0 0,211,0

$
96.664.5
97.116.5
98,644,9
99,924,3
1009936

84,941,2
87.031.7
78,089,6-

$
60,538,4
66.750.1
73,118,8
81.717.2
8S;660,5

$
433,261,7
447.412.6
455,739,9
464,684,1
475.311.7

95.089.0 6.053.0 53.335.8
28,5 n ,o
35.810.3 98.366.0
96.389.0 6.058.0 64,938,529,7 16,0
35.810.3 97.832.0
96.794.0 6.038.0 61,253,2.
31,2 *2,0
35.810.3 97.266.0
* We omit tuto ciphers in all these pjures. t Including, for Boston and Phi a
delpbia. the item “ due to other banks.”

Miscellaneous and Unlisted Bonds.— Stock Ex. prices.
M iscella n eou s B onds.
Ch, Jun.& S. Yds.—Col.t.g ,5s
Colorado Fuel—Gen. 6s..........
Col. & Hock. Coal < I.—6s, g.
fe
Consol’n Coal—Convert. 6s.
Cons.Gas Co..Chic.—lstgu.5>
Denv. C. W at.W ks.—Gen.g.5.Det. Gas con. 1st 5s.................
East River G i e. 5s....... .
a<*
Edison Elec. 111. Co.—1st 5a .
Equitable G. & F.— iai oa—

* 99 b.
* 95 a
95 a.
100 b.
* 85 b.
47 b.
88%b.
104 b.
* 97 %a.
107 b.

Hoboken Land A Imp.—g. 5s
90 b.
Mich.-Penin. Car 1st 5s, g —
Mutual Union Teleg - 6s g .. *T06%b.
National Starch Mfg.—1st 6s.
88 b.
Northwestern Telegraph—7s. 106 %b.
Peoria Water Co.—6s, g ....... * 95 a.

M isce lla n e ou s Bonds.
98 b.
People’s Gas A G.\ 1st g. 6s.
93 b.
Co., Chicago— ) 2d g. 6s.
Pleas. Valley Coal-1 s t g. 6s.
Procter A Gamble—1st g. 6s
Sunday Creek Coal 1st g 6s.. . . . . .
Western Union Teleg.— 1 > . *110 b_
Wheel.L.E&P.Coal—1st g 6a * 60 b
U nlisted B onds.
Ala. A Vicks.—Consol. 5s, g.
Vicks. & Merid.lst 6 s .........
91 %b
Amer. Deo. Co. col. tr. o s ....
10 D
.
Comstock Tunnel—Ino. 4 s..
90 b .
Geo. Pac—1st 6s g. ctf3........
2d mort. income------- -------33 b.
Consol. 58, g. ctfs.........
.
i ncome 5s. ctfs..................... " 9 b.
Mein.* Charleston—Con. 7 g

N ote.—“ h” indicates price bid; “ a ” price asked. k Latest price this week

Bank Stock L ist.- -Latest prices of bank stocks this week,
BANKS.

Bid.
191
147
290
180

Chatham...... 3 l0
4<H
)0
425
147
215
176
125
260

Ask.

Bid.

Gallatin........ 300
Garfield.........
German Am. 120

400
4800

Hud. River.. 150
1m. & Trad’s’
140
Leather Mfs’ 210
450
Manhattan.. 180
M arket* Ful 210
1
Mechanics’ .. 180
IM’clis’ * T r a ’ 150
Mercantile .. 200
Merchants’ .. 145
Mtrch’ts Ex. 110
Metropolis.. 150
|Mt. Morris..
[Murray Hill 500
160
1
Vsw vork__ 225

155
185
280

First N., 8. t.

145
2u0
2O00
300 320
2560
114 120

Fnnrt-h

195

11th Ward...
Fifth Ave—
Fifth.............

BANKS.

197
152
310
270

902

350
155

Ask.

B AN K S.

Bid. 1 Ask

N .Y . Co’nty . . . . . .
310
____ N-Y.Nat.EA. 110
......... Ninth.......... . . . . . .
140
150
Oriental___ 220
175
350
Park............. 275
600
People’ s —
160
Phenix........ 118
Produce Ex. 125
235
Republic___ 155
Seaboard. . . 172
Second........ 300
235
Seventh___ 125
200
Shoe* Le’th 110
180
235
St. Nicholas. . . . . . .
00
155
Southern..
Stateof N.Y. 100
125
Third.......... . . . . .
500
XTadesui’n’s . . . . . .
Un’d State;
540
_
180
Western_ 109
235
West Side —

640
......
115
180
250
305

..
125
130
165
......
......
120
......
......
......
.....
100
120
.....

THE CHRONICLE.

D e c e m b e r 3, 1893.]

93 L

BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
H T S h a re P r ic e s — n o t P e r C e n tu m P r ic e s .

Active Stocks.
Ateb. T. & 8 . Te ( B o s t o n ) . 1 0 0
Atlantic * Pao,
“
100
Baltimore A Ohio ( B a l l ) . 1 0 0
1 st preferred
“
lo o
2 d p referred
"
lo o
Baltimore T r a d ) . ( P h i l . ) . 2 5
Boston A Albany I B o s t o n ) . 100
B oston A L ow ell
“
100
Boston A Maine
«
100
Central o f Maes.
“
100
Preferred
«
10 0
Chte.Bm-.ACjnin.
“
IOC
Chic. Mil. A 8 t. p . ( P h i l .) .l O O
Chiu. & W. Mloh. (B o s t o n ) . 100
Clere. St Canton
*'
100
ft Preferred___
“
100
F it e h b n r g p r e f.

**

Monday,
Nov. 27.

Saturday,
N ov. 25.

T Indicates unlisted.

100

Hunt. & B r.T op.fP A ifa ) . 00
Preferred
«
50
Lehigh Valley
"
50
Maine Central (B o s t o n j.1 0 0
M etropolitan Tree. (P A it> .100
M etfeaa Oenflf.B<t*to » ; . 1 0 0
N. Y. A N ,E n g .
10 0
Preferred___
“
10 0
Northern Central ( B a l l . ) . 50
Northern PaelUo fPAiio.y 1 0 0
Preferred
«
10 0
Old C olony___ ( B o s t o n ) . 100
P ennsylvania.. ( P l a t a .) . 50
Fhliade . A Erie.
•
•
50
Phila. A Reading
“
50
Philadelphia Tree. "
50
Summit Branch ( B o s t o n ) . 50
Union Pacific
*
•
10 0
United C os.of X. J, f P h i l a .) 100
Western h'.Y. A Pa/ PAito./ .100
m is ce lla n e o u s s t o c k s .
Aai.Bnif'rPohfin.Vf Boston,.......
Preferred____
*
*
....
Bell T eleph on e,.
'■
10 0
B est A Montana
"
25
Butte A B oston..
«
25
Calumet A 1 1 eel a
'*
25
Canton C o.......... ( B a l t . ) . 100
Consolidated Gas
“
10 0
Erie Telephone ( B o s t o n ) . 1 0 0
General E lectric.. "
10 0
. Preferred...........
10 0
L am w nS toreS er. •
*
50
L eh fh CoalANav 'P A i t .) 50
N.Eug, Telephone (B o s C n )tO O
North A m erican. ( P h i l . ) 1 0 0
West End L a d . . ( B o s t ’ n ) ___
* Bid and
*
tm e w .

20

19%

20%

*70” *72

•
.........125
.........110
16% 16%
205 206
188 189
110 1-12
'1 3 % .......
82
65%
•
.........
*•50

82%
66%
30
....

Tuesday,
N ov. 28.

71
Y 22
110
16%
205
187
140
14

71
125
110
17%
206
.......
142
14

20%

70%

20%
2%

‘ 16 % liiw

90

05

18% 19% *1*9** Y 6 "
229 ......... 228 228
*-■% 3
2%
2%

Bid.

20%
2%

2

51 '

Ask.

* 112

18%

j And accrued toterett.

110

no

106

105% 103%
7%
7%
30% 31%
'5 $
62

94

19 " 2 0 ^
230 230
*2 %
3

230

10 %

30%

w
o
ir1

6%
6%
*2 2 % 23
175 175
49% 80

10*3 10 *8
91% 93%

3

►
*4

4 9 t8
*25
107ts
93

95

iW
32

50*
27

1 0 78

93%

2 0 % 23
*230
*3%
3%

20% 20%
2%

35
61
40%

68%
V63
67a 7 '
2 2 % 23**

10 %

23 U
3

Sales
o f the
W eek,
Shares.

R ange o f sales In 1883.
Low est.

10

297
63

53%

.........
38%
____
17
51%

55

14%

Bid. |Ask.

Highest.

23,916 12% Ju ly 26 36% Jan, 16'

121 l i t , e Aug. 11
4% Jan. 14
46 56% July 31 97% Jan, 27
125 Sept. 13 135 Pet). 13
30 110 Aug. 29 122 J a n .- 18
11,496 15% Nov. 20 29% Jan. 2 4
85.195 July 26 227 Pet>, 6
40 170 May 10 2 0 0 Feb. 6
378 ISO Aug, 1 178 Jan. 26
150 10% Ju ly 27 22% Feb. 14
2 46 Jan. 3 62% Feb. 14
11,353 69% July 26 103% Jan. 21
19,100 46% .July 26 83% Jan. 23“
26% July 27 49% Feb. 3
50c, Sept. 19
6 Feb. s2 Nov, 29 19% Feb. 3
71 69 Ju ly 31 95 Feb. 6
29 July 3! 40% Jan- 12
357 48 Aug. 16 56 Jan. 9
2,973 29% Aug, 8 62 Jan, 27
58 100 Nov. 13 130 Feb. 6
5,122 69 Aug. 1 150% Jan. 2S
615
5
m
June 29 13 Jan, 16
6,978 1 7 July 31 52 Jan. 17
60 41 July 19 102 Jan. IS
3 66% July 26 70% Jan, 2 3
1,775
3% Aug, 18 18% Feb. 6
347 15% Aug. 15 50% Fab. 6
63 165 Aug, 22 221 Feb. 6
1,620 46% July 26 55% Jan. 27
20 Sept. 29 3 d Jan. 16
23,601 6%e Ju ly 27 26% Jan, 2
8,490 58 Aug. 1 142% Feb. 8
5 July 11
9% A pr. 1 2
7,604 15% Ju ly 26 42% Jan. 27
21 210 Aug. 30 232% Mar 13
3,303
2 Nov. 23
7% Jan. 24

82% 76,476 62 July
80
32
3,041 66% July
83
180% 187
371 166 July
26% 27%
9,098 15 July
10
1 0 **
6,070
5 Julv
297% 300
96 247 July
*63
70
62% Oct.
54
54%
1,324 50 July
11 36% Aug.
10,324 33 July
87% 38
6 4 l Aug.
10 12% July
413 46% Aug.
51% 52
8 47% Aug.
120
2% Aug.
4%
4%
542 9% July

85%
841
*
187
26^

Inactive stock*.

134% Feb.
104% Jan.
212 Jan.
34% Jan.
12 Jan.
320 Jan,
72% Jan.
65 A p r.
50% Jan.
114% Jan.
119 Jan.
26% Feb.
5-1% Feb.
61% Jan.
11% Jan.
18 Jan.

Bonds.

Perkiotnen, 1st s e r .,5 s .1918, Q—J
Phila. A Erie gen. M. 5g„1920, AAO
Gen. m o r t , 4 g .......... 1920, AAO
Phila A Bead, new 4 g., 1958, JAJ
1st pret. incom e, 5 g, 1958, Feb 1
2d p ref. Income, 5 g, 1958, Feb. 1
3d pref. incom e, 5 g , 1958. Fob. 1
2d, 7s........................ ..1 8 9 3 , AAO
Consol, m ort. 7 s .........1911, J&D
Consol, m ort. 6 g .........1911, JA D
Im provem ents!. 6 g., 1897, AAO
99%
Con.M .,5 g,,stam ped,1922,MAN
Phil. Read. A N. E. 4 s ............1942
Incom es, series A ..................1052
incom es, series B ................. 1952
Phil, Wilm A B alt, 48.1917, AAO
Pitts. C. A St. L ., 7 s . ...1 9 0 0 , FAA
Po'keepsie Bridge, 6 g . 1936, FAA
8chu yl,R .E .8ide,lst5 K. 1935, J&D
Steuben. A In d .,lstm .,os, 1914, JAJ
U nltedN . J „ 6 g ............ 1894, AAO
Warren & F rank.,lat,7s,1896,FA A

85

1 Last price tins week,

81%
6o7
s
.........

51
40%

A t.T o p .to 'b F .ll« ?r0 I !-0,l589, JAJ
S
2d 2%-4s. g „ Class A 1.1989, A AO
Boston United Gas 1st 5s...............
20
2d inert. 5s...................... ....1 9 3 9
5
5*6%
Burl, A Mo. R iver Exe a p t 6a,JAJ
Non-exem pt 6 s.......... 1918, JAJI
' 5 6 '";
Plain 4a......................... 1910, JAJ
****** j Ohio. Burl. A N or. Ist5,1926, A AO
U 20 '
2d mort. 6a..............1 9 1 8 , J&D
220
Debenture 6 a ........,1 8 9 6 , JAJI
******
Chic. BurLA Quincy 48 -192 2, FA A
Iow a Division 4a. — 1919, AAO
14
90
CMo.AW.Mieh. gen. 5s, 1921, J&D
42
79
Consol, o f V erm on t-S s,1913, J&J: 90
82
10
Current River, 1st, 5S..1927, AAO
........
Det. Lana. A N or'n M .7s, 1907, JA J
E astern 1st m ort 6 g ..l9 0 6 , MAS)
Free-Elk. A M. V .,lst, 6s. 1933, A AO,
04»a
Unstamped 1st, 6 s .,-.1 9 3 3 ,AAO
"■*** K.C. C .A 8p rin g.,lst.5g.,1925,AAO
67%
K 0 . F .8.& M . oon .6 s,1 9 2 8 , MAN
*a*i% K.C. Mem. A B ir„lst,S »,1927, MA8
55
K.
C. 81. Jo. A C . B., 7 s .. 1907, JAJ
L. R ock A Ft. B.j 1st, 7 s .. 1905, JAJ
" 81%
L oul»„E v.A 8t.L .,lst,6g.l926,A A O 102% 103%
7%
8 ,
2m., 5—6 K........ ........1936, AAO
47
2 % Mar. H. A Out,, 6s....... 1925, AAO
f 69 *"•***! M exican Central, 4 g . . . 191/1, JAJ
52 %! 53
1st consoLtncom es, 2 g , non-euin,
12% 14
2d consol, incom es, 3s, non-com,
5%, 7%
115 I........
*60% ” ee%! N. Y. A N.JSng,, 1st, 7 s ,1905, J&J
83%
1st m ort. 6 s . . . . . . ....... 1905, JAJ
S3
108
2d m ort. 6 s . .......... ...1 9 0 2 , FAA
100
,.5
.4. Ogden. AL.C., C on.6s...1 9 2 0 ,AAO
Inc. Sb......................................1920
1 1 2 ” R » 'land, 1st,6a..........1902,MAN)
2d, 5b......................... 1 8 9 8 ,FAA
6%
7
252

1 S%

80%

51
Am

40%

2 1%

*72% **72%
*123

79%

C w iden A Atantie pf. (P A ««.), 50
«
50
Catawlasa.......................
“
50
1st preferred....... .
2d p r e f e r r e d .......
"
50
Central O h io .,..........
(H a lt.). 50
C larl. Col. A August#
•
*
100
C inneetlcut A Pass. (R iston).100
C raneetlcut R iv e r...
“
100
Delaware A B onnd Br.tPAifa.).100
Flint A Fere M a rq ... (Boston). 100
P rrfeirviL ....................
" 100
Har.Ports.ML jo y A L. ( P l a t a .1. 50
Kan. C*y Ft. 8. AM em . (H o tt o n ) . 100
P referred.......... .
«
100
K, City Mem, A B irin.
“
100
Little BchoyikUl....... ( P h i l a .) . 50
M anchester A L a w .. (B o s to n ).I O O
Maryland C e n tra l....
(B a lt.) 50
Mine fflU A 8. Haven ( P h i l a .). 50
NeeqnehoningVal___
"
50
Northern N. H ............(Boston).100
North Pennsylvania. (P h i l a .) . 50
Oregon Shan L in e . ../ B o s t o n ) . 100
Pennsylvania * N. W. (P h ila .) 50
R u tla n d ..................... (Boston).100
Preferred............
10 0
Seaboard A Roanoke. (B a lt .) 100
1st p re fe rr e d ...___ _
*
•
100
W e e tE n d ,................. ..( B o s t o n ) . 50
P r e f e r r e d ...........
“
50
West Jersey................ ( p h i l a .) . 50
Wset Jersey A Allan,
*
*
50
Western M aryland..
( B a i l . ) . 50
W U a, Col. A A ugusta
“
100
W ilmingt'n A Weldon
“
100
Wisconsin C en tral... ( B o s t o n ) . 1 0 0
P referred.......... .
“
100
Woro‘aLNash.ARooh.
*'
100
Atlantic City 1st 5s, g., 1919, MAN
JUISCEUASBOOS.
B elvidereD el., 1st, 6 s ..1902, JAD
Catawisaa, M-. 7b.........1900, FA A
A liones M ining.........( B o s t o n ) . 25
*45
'50
Atlantic M in in g ......
•
*
25
Clearfield A Je8'.,lat, 68.1927,.TAJ
u% 12
C ity Passenger R R ... ( B u l l .) . 25
Connecting. 6 s ......1 9 0 0 -0 4 , MAS
B a y State G as............(B o s t o n ). 50
8
8 % Del. A B ’d B r’ k, 1st, 7 s.l9 0 5 ,F A A
Boston Rand.......... .
"
10
Eaaton & Am. lstM .,5 a .l9 2 0 ,M *N
3%
4
Csi>tenn)ai M in in g ...
"
10
s%
3 V Elmir. A Wilm., 1st, 68.1910, JA J .
Hunt. A B r 'd T o p ,C on.S».’9»,AAO
F ort Wayne B le c tr id
«
25
4
Franklin Mining.......
«
25
Lehigh Nav. 4 % b........... 1914, Q—J
12 I
2d 6s, g old ................... 1897, J&D
Frenchm’n'aB ayL'iui
“
5
3H\ — —9
.
Illinois Steel ............
"
JOG I t o
General m ort. 4%s, g .1 9 24,0—F
K e m a r g e M in in g ....
**
36
i elngli Valley, 1st 6 s ...1898, JA D
8%
2d 7 h.............................1910, MAS
Morris Canal guar. 4 . (PAiteJ.lOOl
Preferred guar. 1 0 .
“
1 0 0 170 ;
Consol. 6 ............-........ 1923, JAD
O iceoU M in in g .......... (B o s t o n ). 25
North Penn, 1st, 7 a ....1396, MAN
30
30%
"(Mini an PHla^-e Car.*
**
100 174 i
Gen. M. 7 a .................. 1903, JAJ
!
Qatntjjr Mini a
**
25 116 1
Pennsylvania gen, 6s, T..1910, Var
Taiparack
«
25 146 ]148 !| Consol, 6s, c
............1905, Vra
United Gas Iropt.
( P h i l . ) ..........
61*2 i Consol. 5s, r ..............,-1 9 1 9 , Var
61
Water Power......... . . . ( B o s t o n ) . 100
Oollat. Tr. 4% g .......... 1913, JAD
2
1 %I
T
W estlng.EIeo.lst p l A .t B o i t o n ) 50
46 i ___ n | P is. A N. Y. C anal,7 » . . . 1906, JAD
Assenting
»■
t,Q ) 2 i H
2 5 I p ». A N. Y. Cut., aon. 5a. 1939, AAO
I
1 Unlisted,

20%

i

79

80% 85%
85% 90%
81%
91%
81% H I'h
86
87
89
187 187% 187
188% 187 188
25
26% 25% 2 5 \
26%
26
9^,
9%
9%
9%
9%
9%
295
295
295
290 290
295
*60
54
53
64
54%
53
*51.............
51%
42
4*2
*40%
*42
43
......... 43
35% 38%
38
36% 38%
37% 39%
*02
68
68
60
*63
68
.
17
*17 ......... *10%
*16%
51% 61%
51%
51% 51^,
51% 51%
55
55
65
55 * __
55
55
4%
4®a
14% 14%
14
14% 14%
14
u%
no sale v s a made.

Inactive Stock*.

Nov. 30.

**50

91%
88%
188%
20%
9%
295

P r ic e s o f D e te m h e r 1
A tlanta <s Charlotte ( B a i t . ) . 1 0 0
B ts to u A Providence (B o s to n ). 100

Friday,
D ec, 1.

7 0 ^ *73%
126
123
r
110 % 110 %*
111
! 17*3 18%
18% 18%
205 205
205% 205^3
188 188
110
142
142 142
*13
14
14
48
48
*33
81%
*¥6% '* £ %
80% 8 17* 81
61% 68
63
6 t>%
66%
68

*"50
•2~n . . . .
*2 %
78% 79
78% 79
*78
78%
*31
50
50% *5*6% **5*6% 50% 51
4.0% 40%
39% 40%
40
40%
110 110
110 110
103% 105
105 107% 104 i o « i
6%
7
7
7
71
*
7%
29
29% 31%
30
30% 31%
62
02
62
*59
‘ 00 .........
68
68
6%
6%
6%
6%
6%
6%
22% 22% * 2 2 % 2 3 %
22
22
179 180
176 179 *_____ 177
43% 50
49% 50
49% 50
10% 10%
90
90

Wednesday,
H oy# 29,

106%
112
112
118

123
105
115
100%
106% 107
107%
99
106
120%
121
105
125
125%
116%
113
107%

6
19
27
16
17
21
18
10
16
10
18
20
2

20
23
4

B id JAslc.
98
110
100
72% 72%
35
35%
24
25
18% 19%
110%
129 i*3*0
118
1023* 103
99
45
17%
25
*
115
105
104%
1 0 1 % ___ ^
104
.........

1907, JAJ 114% 115
90
Incom e 6s................... 1900, AAO
95
9 9 % 99%
Baltimore Belt, 1st, o s .1990, MAN
91
Baltimore A Ohio 4 g ., 1935, AAO
07
Pitts. A Conn., 5 g . . .1025, F A A 111
Staten Island, 2d, 5 g .19 26, JA J
110
Bal.&Ohio 8.W .,lst,4% g.l9 90, JAJ 103% 105
C apeF .A Yad.,Ser.A .,6g.l916, J&D
85
Series
6 g ..........................1016,J&D
85
Series a , 6 g _____ ....1 9 1 0 , JAD
85
9
C ent O h io,4% g .......................1930,MAS8
97
*;m"
Chari.C oljkA ng, la t 7 s .l8 9 o , J&J
85
88
Ga. Car. A Nor. 1st 5 g .,1 9 2 9 , JAJ
112
North. Cent. 6s................ 1900, J&J 1 U
6s.................................... 1904, JA J 112
Series A , 5a.................. 1920, J&J 109 n o "
4 % s ............................. 1925, AAO 102
95 io o * ‘
Fledm .&Cum ., 1st, 5 g . 1911, F A A
Pitts. A Connells. 1st 7 s .1898, J&J 110 i n
Virginia Mid,, 1st 6 s . ..1906, MAS 108 n o
108 n o
2d Series, 6s............................1911 MAS
102
3d Series, 6 s..........................1916,M&S
75
4th Series, 8-4-5a....... 1921, MAS
*8*5*'
95
5 ill Series, 5 s .. . . . . . -.1 926 , M&S
97
West Va C.&.V. Ud, 0 g. 1 9 U , .j&.i 104% 105
W ert't N.O. Oonsol. 6 g .1914, J&J
85
Wilm. Col. A A ug., 6 s ..1910. J&D 110
MtSCEU-AftEODS.
Battimora—City l!aU 6s .1900, Q - J 109 110%
FnndLngCs..............-e1900, Q —J
W est Maryih: R R . Q s..lS 0 2, J&J
W ater 58.................... 1916, MAN 115 116
Funding 5s................. 1916, MAN
E xchange 3% s......... ..1 9 3 0 , J&J 100 100%
65% 66
Virginia (State) 3 s ,n e w .l9 3 2 , J&J
Ciiesapuako Gn«, Os------ 1900, JAD 107% 107%
Consol. Gas, 6s....... ....... 19 H), J At* 114 114%
100% 101
5a.............................
1939, .id .I
Equitable Gas. 6 s
—1913. AJ/Q 108 1110

932

THE

NEW

Y O R K STOCK E X C H A N G E

R ailroad and M iscbl . B onds .

C H R O N IC L E .

[VOL. LVX1.

P R I C E S ( C o n t i n u e d .y - A C T I V E B O N D S D E C . 1 , A N D F O R

1893.
—----------------------------

Olos'ng R a n ge (sa les) in
\lnter’ sl\ P r ic e
\
Period. Dec. 1 | Lowest.
Highest.

114** Jan.
Kmer. Cotton Oil, deb., 8 g.1900 Q—F
83 78 Feb.
ALl'op.&9.F.—100-yr.,4g-1989 J & J 76
57*s Jan.
“ 13-48, g.. Cl. “ A” .........1989 A & O 42J*
100-year income, 5 g . . .. . 1989 bept.................. 50 May 57 J an.
Aug. 71% Jan.
50
A-tl. <fc P a.\—G aar, 4 g ....l9 3 7 ............ 6 0
6 b.
5 May
11** Jan.
W .D . ln o .,6 8 ....................... 1910 J & J
Brookl’n E evat’d 1 st,6 ,g .1924 A & O 108 a. 100 Aug. 120*8 Mar.
* 08W
•Can. South.—1st, 5 e ......... 1908 J & J611 1 **b . 99 July 109 Nov.
0
93** S.-p't. 103** Jan.
2 d ,5 s ......................................1913 M &
Cent.G a.—S.& W. letoon.5s,’29 .............. 113 8 a. 1 35*4 Aug. 70*4 Jan.
Central of N. J .—Cons..7 b. 1899 Q—J 1 1 2 *sb .!ll0 ** Aug. 116 Mar.
Consol.. 7s..........................1902 M & N 118 b. 118 May 122 Feb.
G eneral m ortgage, 5 g ..l9 8 7 J & J 112** 102 Aug. 112** Apr.
Leh.<feW.B.,con.,78, asm . 19001 Q—M 108**b. 100 Sept. HO Jan.
do. m ortgage, 5 s......1 9 1 2 M & N 98
90 July 100 Apr.
Am. Dock & Im p., 5s___1921 J A J 108 100 A uk. '109% Feb.
Central Pacific—Gold,6s-. 1898 J A J 106 b.1013* Aug. 109 *s Jan.
‘“
d ies.& O h io —M ort.,6 g..l91 1 A A O U6*4b. 110 Sept. '118 Feb.
le t consol.,5 g.................1939 M A N 10534b. 90 Aug. 106 Feb.
Gen. 4**s, g ........................ 1992 M A S 77 ** 6L% Aug. 85% Feb.
K.<feA.I)iv.,lstoon.,2-4g.l989 J A J 83% 70 Aug. 84 »*‘Nov.
do 2d con., 4 g ...1989 J A J K78**b. 68 Aug. 80 Feb.
88 Sept. 101 Feb.
Elhs.Lex.&BigSan.—5 g.1902 M A S 99
Chic. Bnri. <fe Q.—Con,,7s. 1903 J A J 122 b. lO S ^ Ju iy 122% Nov.
D ebenture,5s............. . ... 1 9 1 3 M A N 98 b. 83 Aug. 102% Jan.
Convertible 5s................... 1903 M A S 103 »*b. 89**July ,108% Jan.
Denver Division, 4 s........1922 F A A 88 b. 87 ** Sept. 94% Jan.
N ebraska Extension, 4s. 1927 M A N 87 b. 79** Aug. 887g Jan.
Chic. & E. 111.—1st,s.f.,6s. 1907 J A D u m b . 108 Aug. 116 Apr
Consol.,6g.......................... 1934 A A O j 20 b. 115 Oct. 123*8 Mar
General consol. 1 s t,5 s.. 1937 M A N 99^8 93** Aug. 103 Apr
Chicago & Erie—1st, 5 g ...l9 8 2 M A N 98 b. 87 July 1103** Feb.
Incom e, 5 s...............1 9 8 2 Oot’ b’r 37** 20 July j 44% Jan.
Ohio. Gas L. AC.—1st,5 g. 1937 J A J 88**b. 7 0 s Aug. I 92% Feb.
Chic. Mil. A 8t.P.—Con.7s.1905 A 127** 119 Aug. 129 Apr.
le t, Southw est Div., 6 s.1909 A 1 14*2 b. 105 Aug. 114% Apr.
1st, So. Min. Div., 6S....1910 A 115 **b. i 06 Aug. 116** Feb.
1st,Ch.APae. W.Div., 58.1921 A 110 b. 103 Aug. 1112 May
Chic. A Mo. Riv. Div., 5s. 1926 A 103 b. 97 Aug. 105 Apr.
Wls. A Minn. Div., 5 g..l92 1 A 104 b. 98 July ' 108 Apr.
Terminal, 5 g ..................... 1914
107
July 109 June
Gen. M., 4g., aeries A ...1989 A 9 m b . 98 July 95 Apr.
86
Mil.A Nor.—1 st,con., 6S.1913 A D UO b. 105 Aug. 115% Nov.
Chic. AN. W .-Consol., 7 s. .1915 Q—F 1138 120 Sept. 138 Jan.
Coupon, gold, 7s................1902 J A D 120**b. 117 July 1125 Nov.
Sinking fund, 6s................1929 A A OTiSSsb. 109 July 115 Feb.
Sinking fu n d ,5 s........... 1929 ____ 0 109 a. 100 Aug. 109 Jam
AA
Sinking fund deben.,58.1933 M & n ! i07**b.!103*8 Nov. 112 Feb.
85-year debenture,5 ... 1909 M & N|103**b. 100 June 1 0 6 % Mar.
Extension, 4s...................1926 F & A , *95
"
90 Aug. 98 Jan.
Ohio. Peo. & Bt. Louie—5 g. 1928 M & s! 95
93 Aug. 100 Mar.
Ohio. R.L<fe Pac.—6a,coup. 1917 " A J 125 1 114 July 125 J an.
n
Extension and col.,5s...1934 J & J 10 J
88 July 102 Nov.
30-year debent. 5s...........1921 M <& Si 9434 88 Sepc. 97** Feb.
Chic. St. P. M. AO.—6s___1930 J & D 120*2 110 Aug 123** Nov.
Cleveland A Canton—5 .. .191° J & J 86 a. 80 Nov. 92** Apr.
C, C. C. A 1.—Consol.,7 g.1914 J & D 125 b. 119 May I i 9 May
General consol., 6 g........1934 J <fc J 117 b. 115 AUg. 122** Feb.
0.
C.C. A b t.L .- Peo. A E.4a.<fc O 71 b.
A 1940
Aug
Income, 48......................... 1990 April. I9**a. 58 AUg. 79 % Jan.
12
26 Jan.
Col. Coal A iro n —6 g.........1900 F dt A 96
91 Nov. 106 Jan.
CoLM idland—Con.,4 g ...l9 4 0 F Ac A 44
Aug. 67 Jan.
53
001.
H. Vai. ATol.—Con.,5g. 193 iS|M
74 AUg. 94** Jan.
G eneral,6 g........................1904'j & D 90
99
Apr.
93
82% Au^
Denver A Rio G.—let, 7 g.l900,M A N 112
112 July 119 Apr.
1st consol.,4 g .................. 1936 J A J 82
Juiy
88** Feb.
D et.B.City A Alpena—6 g. 1913 J A J
_
Sept. 7 4 Jan.
Det.M ac.AM .—L’dgranta.1911 lA A O *25
June 40 Jan.
DuL So. Sh. A Atl.—5 g __ 1937 J A J 99
July 103 Apr.
E.Tenn.V AG.—Con., 5 g. 1956 M A N 91
Oct. 94 Apr.
Knoxville a Ohio, 6 g ... 1925'J A J 100 a. 92** AU; 104** Feb.
F t. W. A Denv. City—6g .. 1921 J A L) 72** 61% Nov. 101 Apr.
GaLH.AS,An.-M .AP.D.lst,5 g.'M A N : 90% 90 Nov. 97 % Feb.
H an. A St. Jos.—Cons., 68.1911 M A 8 116 b. 108 Aug. 117% Feb.
Hous.ATex.C.—Gen. 4e,g.l921 A A O 62% 5 »% Nov. 70 Jan.
Illinois Central—4 g ...........1952 a A 0 101 a. 99** Aug.
Mar.
In t. A Gt. No.—1st, 6g----1919 M A N :ilo% b. 10 0 July 105 Apr.
113
2d 4-68.............................. 1909 M A 8 70 »
July
72 % Feb.
Iow a Central—let, 5 g .......1938 J A l>
July
90 Feb.
Kentucky Central—4 g ... . 1987 J A J 86 b.
Aug. 87
Apr.
S2 b.
K ings Co. El.—le t, 5 g .... 1925 J A J 85 b.
Nov. 103** Feb.
Laclede Gas—1st, 5 g .........1919 Q—F 8438
Aug.
87** Jau.
Lake Erie A Weat.—5 g __ 1 9 ^ J A J 11038b. 106** Aug. 113 Feb.
L. Shore—Con. cp., let, 78.1900 J A Jil2 0 b. 113 July 121 Nov.
Consol, coup.,2d,78.......1903 J A D 120 b. 114 Aug. 123 ** Oct.
A D 120 b.
L onglel’d—1st, con., 5 g ..l9 3 1 i J 114 b 111 Aug. 116% Feb.
General m ortgage, 4 g ..l9 3 8 J A D 90 b. 90 July 97 Nov.
Louis. A Nash.—Cons., 78.1898 A A O lOySgb. lOO Aug. 113 Jan.
N.O. A Mob. 1st, 6 g......... n>3o J AJ 118**b. 110
AUg. 123*s Apr.
do.
2d, 6 g ...........193o J J' luO**b.
July 1 10
Feb.
G eneral, 6 g ........................1930 j A D *H 2 b. 100 July 11958 Apr.
A
Unibeu. 4 g........................ 1940 J A Jj 775s 107 July 8 3 % Feb.
75
Nash.Fi.ASh.—lstg td .S g .^ ? F
95 Aug.
Mar.
Louis. N.A. ACh.—lBt, 68.1910 J A J 110 b. 100 Sept. 101 Jan.
Consol., 6 g........................1916 A A O I00%b. 82** Aug. 111 Jan.
109
Louis. St. L. A Texas—6 g .1917 F A A 50 b. 62 Oct. 983e Jan.
M etro. Elevated—1st, 6 g. 1908 J A J 119%b. 108** Aug. 119% Nov.
2d, 6s...................................1899 M A N 107**b. 100 J uly 108% Feb.
M ich.Cent.—1st,con.,7s.. 1902 M A N 12078 113 Aug. 123% Oct.
Consol., 5a .....................1 9 0 2 M A N ........... 1100 Aug. 106% Apr.
MiLLakeSh. AW.—let,6 g . 1921 M A N 124** 115 July 127% Jau.
E xten. A Im p., 6 g ......... 1929 F A A 106 b. 97** Aug. 109% Jan,
M. K, A T.—1st 4s, g ...........1990 J A D 80%
69 Aug.
83 Nov.
2d,4B ,g................................1990 F A A 473s 27** July 5 0 % Jan.
Mo*Pacino—1st, con., 6 g. 1920 M A N 90 b. 86 Oct. 113 Mar.
3d, 7s.................................1906 M A N 104%b. 100 Aug. 115*6 Apr.
P&g»o1Mo.—1et, ex.,4g . 1938 F A a 96 b. 93 Aug. 102 Jan.

R a il r o a d a n d

Pao.of Mo.— 2d ex ten. 5s. 193s J & J 103% b. 103 Nov. 108% Jan.
Mobile
Ohio—New, 6 g .,1 9 2 7 J < D 109 b. 108 Sept. 115% Apr
fe
General mortgage, 4 8 ... 1938 M & 8 59 b. 4 4 July
63 Jan.
Nash. Ch. & St.L.— 1st, 7 e .l9 1 3 J & J 125% b. 117
Aug. 130 Jan.
Con., 5 g .............................. 1928 A & 0 ,1 0 1 % , 100
Nov. 105 Feb.
N .Y . Cent.—Debt E x t., 4 8 .1 9 0 5 M & N 101% I 97
Aug. 103 Mar.
1st, c ou p o n ,7s.. . . . . . . . . . 1 9 0 3 J & J|l25 b.1
116 July 125% Noy.
D eben.,5s,coup., 1 8 8 4 .. 1904 M & 8 I07% b .' 101 Aug. 108% Jan.
N. Y. & Harlem—7s. reg. 1900 M & N 116 b. 114% Aug. 119% Feb.
R. W. A O g d .—C o n .,5 s ..1 922 A & 0 1 1 2 % I103 July 115 Feb.
N. Y. Chic. & St. L. — g .. .1 9 3 7 A & O 97 b. 8 9 % Aug.
4
99 % Feb.
N. Y. Elevated—7s . . . . . . . . 1 9 0 6 J & J 113** 105 July 1 1 3 1 % Noy.
N .Y . Lack. < W .—1st, 6 s .. 1921 J & J 128
fe
117% Aug. 131
Feb.
Construction, 5s............... 1923 F & A I l l
105 Oct. 114 Jan.
N .Y .L .E .& W .—let,eon.,7g. 1920 M & 8 130 b. 120% Aug. 139% Jan.
53 July 105 Feb.
2d o o n so l.,6 g ................... 1969 J & D 77
LongDock Consol.,6 g . ..l 9 3 5 A < O 122 b. 119 Oct. 125 Feb.
fe
N. Y. O. & W .-R e f . 4s, g ..l9 9 2 M & 8 84%
8 6 % Feb.
76
Aug.
Consol, le t, 5 g ............. ..1 9 3 9 J & D 107
97 % Aug. H 9 Nov.
N.Y.Sus.&W .—l e t r e f , 5 g .1 9 3 7 J & J 106 b. 98 July 107% Mar.
Midland of N. J., 6 g . . . . l 9 1 0 A
O I I oS
q 107
Aug. 120% Mar.
Norf. <e W.—100-year, 5 g .1 9 9 0 J & J 82 b. 81% May
t
90 Jan.
Md.&Waeh. D iv .-le t.5 g.1941 J & J 85 a. 80 July
91 Jan.
North.Pae.— le t,co u p .,6g . 1921 J & J 110
100 Aug. 118 Feb.
General, 2d, coup., 6 g ,.1 9 3 3 A & O 88 b. 80
Aug. 115 Feb.
General, 3d, coup., 6 g .. 1937 J & D 68
60 Aug. 108 Feb.
Consol, m ort.,5 g . . . . . . . . 1989 J & D 34
24 % Aug.
7 4 Feb.
Col. tr. gold notes, 6 s . . .1 8 9 8 M & N 82 b. 93 June 95 July
Chic. & N .P .—1st, 5 g . ..l 9 4 0 A & O 47
3 5 % Aug. [ 80% Feb.
North. Pac. & M on.— 6 g . . . 1938 M & 8 50
47 Sopt. 89 % Feb.
North. Pao. Ter. Co.—6 g ..l 9 3 3 J & J 85 b. 8 2
Nov. 104 Feb.
Ohio&Miee.—C one.e.f.,7e.1898 J < J 109%b. 102 Aug. 112 Feb.
fc
Consol., 7 s.......................... 1898 J & J 109% b. 103 Aug 110% Mar.
OhioSouthern—1st, 6 g ..,1 9 2 l J & D 9 5 a. 98
Nov. 109 Jan.
General mort., 4 g ........ ..1 9 2 1 M & N 51 b. 40 Aug. i 6 4 Jan.
Omaha < 8t.Louie—4 g . . . 1937 J < J
fe
fe
60
Feb. i 68 Jan.
Oregon Imp. Co. -1 s t, 6 g . 1910 J & D 98
Feb.
90
Aug. 105
Consol., 5 g ........................ 1939 A & O 55%
67 Feb.
32
Aug.
112 Mar.
Ore.R.A Nav.Co.— 1 s t ,6 g . 1909 J «& J 103%b. 97 Oct.
94 % Feb.
Con8ol.,5 g .......................... 1925 J & D 65 b. 6 0 Nov.
Pennsylvania—4s, g . ..1 9 4 3 M A N
102% July 103 July
Pa. Co.—4 % g., coupon___1 9 2 1 J & J 108%
102 July .1 0 % Apr
Peo. Deo. A Evansv .—6 g ..l 9 2 0 J & J 93
75 O og. i104 Mar.
Evansville D iv., 6 g . ... l 9 2 0 M & 8 3 0 b. 8 4 76 Nov. 105 Feb.
2d m ort.,5 g .......................192b M & N 35
34
Nov. | 72 Feb.
85% Jan.
Phila. & Read.—Gen., 4 g .1 9 5 8 J & J 73
59% Aug.
1st pref. income, 5 g ........1958 ............... 34 %b. 20 July ! 7 6 78Jan.
2d pref. income, 5 g ......1958 ............... 24%
14% Aug. | 70 Jan.
3d pref. income, 5 g ........1958 ............... 19 b. 11 July I 62% Jan.
88 Apr.
Pittsburg & Western—4 g . 1917 J & J 88 b. 72
Aug.
R ich .& D an v .—Con., 6 g ..l 9 1 5 J & J 1 1 0 %
102
Aug. 111% Noy.
C onsol.,5g..........................1936 A & O f 59 b.
60 Aug. ! 78 % Mar.
Rich.AcW.P.Ter.-Trust,6g. 1897 F & A t4 8
t4 0
Aug. : 83 % Feb.
52
Feb.
Con. 1st & col. trust, 5 g . 1914 M & S f 2 1 %
15% Aug.
78 Feb.
Rio G. Western— 1st, 4 g ..l 9 3 9 J <
fe J 7 4
54
Aug.
96 Jan.
St. Jo. & Gr. Island—6 g . . 1925 M& N 67%
6 7 Nov.
St L. & Ir o n M t. 1st ext. 5 s.’97 F & A 101%b. 95
Aug. 1 0 3 % Jan.
2d, 7 g ................................... 1897 M & N 10 2 b. 94
Aug. 109 Apr.
Cairo Ark. & Texas. 7 g . . 1897 J & D 94 p, 95 Sept. 1 0 4 % Mar.
90% Jan,
Gen. R*y & land g r .,5 g .. 1 9 3 1 A & O 79
60
Aug.
St.L. &San Fr .—6 g .,C l.B . 1906 M A N 108%
100 Aug. 114% Apr.
1 1 4 % Apr.
6 g „ Class C.......................... 1906 M& N 108%
100 Aug.
General mort., 6 g ................1931 J & J 102 %a. 99 Aug. 1 11% Apn
St. L. So.West.— 1st, 4 s , g . . 1989 M & N (joSg
68 A p t
50 Aug.
28 % Feb.
2 d ,4 s ,g ., in co m e............. 1989 J & J 2 1 %b.
12 Juiy
S.P.M.&M .—Dak. E x., 6 g .1 9 1 0 M & N H 5 % b . 109% Aug. 119% Apr.
1 st consol., 6 g .................. 1933 J
J L19 b. I l l
AUg. 1 .3 % Mar.
do
reduced to 4 % g .. J & J 1 0 1 b. 97
Aug. 1 03 % Apr.
92
Noy.
MontanaExtension, 4 g .1 9 3 7 J & D 3 3 b. 79 Aug.
San A .& A r a n .P .—1 s t,6 g . 1916 ' ° ’
t5 5
Sept. 76 Mar.
60 Aug
1st, 4 g . gu. .......................1943 J &
J 58 b.
52
Aug
92% Jan.
SeattleL.8 .<feE.— 1st,gu. 6 .1 9 3 1 F & A 54%b. 40
Aug.
99 Apr.
Seo’ty Corp. (N.Cord.) 1st con. 6 s M: < N 7 0
&
70
May
108
Noy.
So.Car.—1st, 6 g .,e x co u p .1 9 2 0 ............. 107 b. 105
May
So. P ac.,A riz.—6 g ....... 1909-10 J & J 92 b.
92 Oct. 1 0 0 % Jan.
So. Pacido, Cal.—6 g ___1905-12 A <t 0* I0 4 % b . 104% Oot. 115 Feb,
$
1st, consol., gold, 5 g ___ 1938 A &
O 90
90 Oct. I 9 7 % Jan.
So. Pacido, N. M .—6 g ..........1911 J &
J 96%
93 Nov. 1 05 % Feb.
Feb.
Tenn.C. I. & R y.—T e n .D .,ls t, 6g A
74
Aug. i 95
95 % Jan.
Birm. D iv., 6 g ...................1917*J & J *7 5 a. 70 Jul)
81 Jan.
Tex. & Pac.—1st, 5 g ........... 2000 J & O 7 7 ^
59
July
2 9 % Jan.
2d, iuoome, 5 g ................... 2000| March. 2 2 %
13 July
10 8 % Jan.
Tol. A . A. A N . M .—6 g ........ 192-t!M 6 1 N .............. 103 Jan
Tol. & Ohio Cent.—5 g ........ 1935 J & J 108
100 Aug 109 Apr.
Tol. Peo. & West.—4 g ........1917, J & J 76 b. 7 0 Sept. 31 Jan.
Tol. St.L. A Kan. C.—6 g . . l 9 l d J & D *6 4 b. 48
AUg. ( 90% Jan.
Onion Pacific— 6 g ................ 1899 J & J !i0 7 b. 102 Aug. % 1 0 % Jan.
N oy.
Biukingfund.8s................. 1890 M & o 'io o
100 Nov. 10 0
Collat. trust 4 % ................. 1918.M & N
49 b. 48 July i 73% Jan.
Gold 6s, coL trust notes. 1894 F & A 9 1 78
72** tkUg. il0 2 % Jan.
Kan. Pao.-Den. D iv .-6 g .1 8 9 9 M & N 109 a. 106 NOV. '1 1 3 % Apr
1 st consol., 6 g .................1919 M & N 94
77 Oot. 112% Apr.
Oregon ShortLiue—6 g . . 1922 F & A 90
70 Oct. 109 Jan.
80% Jan.
Or.S.L.&Ut’hN.—C ou.5g.1919 A < i O 48
S
45** Nov.
75 % Jan.
U.P.Den.& Gulf con. 5 g.1 93 9 J & D 46
39** AUg.
Onion Elevated—6 g ___ ..1 9 3 7 M A N 100 1 98% Aug. 117% Apr.
86 Apr.
VirginiaMld.—Gen. m .,5 s ,T 9 3 6 M A N 72 1
73 JSov.
86 Apr.
do
stamped guar. M A N
72 1 77 Oot.
1 0 6 % Apr.
Wabash—1st, o g ...................1939 M A N 103%
93 Juiy
82 % Jan.
2d mortgage, 5 g ............. 1 9 39. F A A 78 %
60 July
39 Jan.
Debent. M ., series B . ... .1 9 3 9 J A J 26 b. 19 July
West Shore—Guar., 4 s ........2361 J A J 104
91 July 104 N oy .
West. N. Y . A Pa.—1st, 5 g .1 9 3 7 J A J
94
A uk . 105 Feb.
2d m ort.................................1927 A A O 23 %b. 13
A uk. 53 Jan.
West. U n .T eL —Col. tr.,5 s. 1938 J A J 106 b, 95
Au«. 10 ' Noy
A uk. 9 2 % Jan.
Wis. Cent. Co.—1st, 5 g.......1937 J A J 68 b 60
Inoome, 5 K......................... 1937
* 13 b
9 Sept. 35 Feb.

L02%b.

N o i l — " b” indicates price Out; “ a” price « sl.cit; tbe Nange is made up lrom actual sales only.
NEW

YORK

STOCK

8EOUR1TIEB.
R a i lr o a d

* Latest price Una week,

t Iru st receipts.

E X C H A N G E P R I C E S — ( C o n t i n u e d ) .^ - I N A C T I V E B O N D S — D E C E M B E R 1 .

Bid.

Ask.

B o n d s.

(Block Exchange Prices.)
Alabama Mid.—1st, g., gu ar..1928
82
A . T. & 8. F.— Id, 4 b, ClaBS B . 1989
Col. Mid. 1st, g .,6 s ................ 1936
*95
Atlantic & Dan\.—l s t g ., 6 s ..1 917
Atl. A Fac.—2d W. D „ gu. 6s,. 1907
Balt. A Ohio— 1st, 6s, Park B .1 9 1 9 112
vn'd........ ...........................1925 '111
■No
latest

nrtoi FrlSftv: these are the

YEAR 1893,

Olos’ ng Range (sales) in 1 8 9 3 .
M i s c e l . B o n d s . Interest Price ------------------------------------- P e r io d . Dec. 1
Lowest. I Highest.

SECUR ITIES.

Bid.

Ask.

112
B. & O.— )jng. mort., gold.5s.198b
Va. A Pitts.— le t, g., 5 s ..1990
B. & O. S. W „ 1st. g„ 4 % o...1 9 9 0 *104%
Monon. River, ls t g .,g . 5 s ... 1919 ____
Oent’l Ohio Reor.—1st, 4 * * s .l9 3 0
99
U3
Ak.tte Ch. J uno.—Ist,g ,5 s,g u .l9 30
* 99*t
Boat. H. Tuu. & W .—Deb. 5s. 1913
Brooklyn Elevated— 2d, 3-58.1915
84
Brun8w ck & W’n— 1st, g. 4s, 1938 . . . . . .
....
*ufl. R b. & Pitts.—Gen., 58.1937
99
100
made this week.

onotatirns

SECURITIES.

Bid.

Afil

B.
R .& P.—Roch. < F ., 1st, 68.1921
'1 2 3
Roeh. A Pitts.— Cons. 1st, 6s. 1922 11 5*2
6url Ced. Rap. & No.—1st, 5s. 1906 102
89% 93
Consol. A collat. trust, 5 s ...1 9 3 4
107
....
Minn. A St. L.—1st, b
Iowa C. A W est.—1st, 7 s ___ 1909 100
__
90
Ced. Rap. I. F. A N ., 1st, 68.1920
95
lBt, 5 s .....................................1921
85
C.
Obio— Co). J*,Cin.M.lBt,4%s.l939
......
's o
lent. RR. S J.ank.—Col. g.5f .19371
r,

7 , gu.,1927

THE CHRONICLE.

D e c e m b e r 8, 16H3.J

93S

NEW YOUK STOCK EXCHANGE PR ICV.S— IN A C T IV E BONDS —I'C on tin u ed )— D E C E M B E R 1 .
8ECURITH«S.

Bid.

BECURITIES.

Bid.

Ask.

SECURITIES.

Bid.

Ask.

n .A T .n . -M i. Vernon 1st 6 s .1923
Northern Pacifle—( C o n tin u e d .)
0 . R. * B .—Cl»St.B.&C.,gtd.g,1937
■Oil. Co. Br. 1st, g.. 5s.......... 1930
HeleuaARedM’ n—lst,g., 6 s. 1937
Onus. o f N. J .—Conv. deb., 68.1908
Ev.&Kich.—Istg e n ,5 s.g.gu .l9 3 l
98
Duluth AMnitf toils—lst,g.6sl93 (i
Central Faelflc—Gold bds, 6s, >895 103
65
Dui.&Man Dak.Div.—Ist6s..l937
Gold bonds, 6 s....................... 1896 104%
Scan*. * Indian.—1 st, c o n s..1926
95
r a n t A P. Mar-!.—Mori*.. 6 3 . . . 1920 116% 120
Cteur d’Alene—1st, 6 s, g old. 1916 *80
s o ld bonds, 6s....................... 1897 105
1st COB. gold, 5 s....................1 939
Gen. 1st, g., 6 s ....................193'
San Joaquin Br., 6s............... 1900 ..........
Cent. Washington—1st,g., 6 s. 198E
96
P ort Huron—1st, 5 s ......... ..1939
Mort. sold 5 s........................... 1939 ..........
■
N orfolk A South’ll—1st, 5s,g.l941
Fla. Cen A Pen.—1 n g. 5s___1918 *£ 5
Land grant, 5s. g................... 1900 . . . . . .
98 103
1st con.
5 s ........................ 1943
Norfolk A West.—General, 6 s .193)
U. St O. Div., ext., e . 5 s....... 1918
123
61
Pi Worth A R. G.—1st g „ 5 s..1928
New River, 1st, 6 s ................1932 1 0 5 112
Pacino—Bonds, 6s___ 1899. 106
Imp. A E xt., 6 s................... ..1934
Gal, Bar, & San Ant.—1st, 6 s .1910
103
Bo. Railway (Cal.)—1 st, 6s. 1907
Adiustmeut M., 7 s............... 1924
QaL H. AS. A .—2d m ore, 7 s .. 1905
50-year os............................ 1939 •91
Equipment, 5s........................ 190?
M ex. A P ad Div., 2d 6 s ___ 1931
Ufces. A O.—Pur. M. fund, 6 s .1398 l o g 's
.1 CUneh Val. 1st 5 s................. 1957
be, gold, series A ................... 1908 116 1 17 hGa. Car. A Nor.—1st, gn. 3s, g. 1929
BoanokeASo.—1st, gu. 5s. g.1922
Ua. So. A F ix —1st, g. 6 s......1 9 2 7
Craig Valley—1 s t , 5a— 19-10 *32%
.......
Scioto Vai. A N. E.—1st.I s ,.1901
Grand-Rap, A Ind,—Gen. 5 s ..1924
75
76
Warns 8pr, Vai., 1 s t.g. 5*.. 1911
21% Ohio A Miss—2d consol. 7 s ...1911 110
G. B. W A St. P.—2d inc. tr. recta.
*.
Odes. O .A 8 o . West.—1st 6s, g.1911 101
Sprlng.Div.—Ist7 s............... 1905
2d, 6a....................................... 1911
Homsatonic—Cons. gold 5s___1937 112
General 5s.............................. 1932
N. Haven A Derby, Cons.5s..l918 163
Ob, V. -G en.oon.lst.gn.g.5*. 1938
Ohio R iver B R ,—1st, 5 s .......... 1936
Chicago A Aiton—8. F., « « . . . . 1903 111
Hong. A T . C.—Waco & N.7B..1903 104
Gen, g .,5 s ............................... 1 9 3 1
Louie. A M o. River—1st, 7S.1900 I l l 's 118
1st g., 5s lint. gt.i................. 1937 107
Oregon A Califor,—1st, 5s. g .1 9 ’27 *78
2d. 7s..... ............................... 1900 108
Cons. g. Os .nit, g td ).............1912 TOl
Ori g. Rv A Nav. -Cot. tr. g..5s.l91S
Debent. 6 s, prin. A int. gtd,1997
St. L. Jaeka. A C bte.-lst.7s.189 1 101 *»
Pan, Sink.E d Subsidy—6 s, g. 1910
Miss. R, Bridge—1st, *. 1., 6S.1912 102
Dcbent. 4«, prin. A int. gtd.1897
Penn,-P.0,0ASfcL.Cn.g.4%sA194e IOO 102%
Ilitaois Central—1st, g., 4a ...1 931 T05
Obie. Bari. A S or.—1 st,5 « . . . . 1926 101
Do
do
Series B ......... 100
94
95
Debenture .......................... 1896
l*t, gold, 3*aa........................ 1951
P.C.AS.L.-lst. 0 ..7 s ................ 1906 1 1 3 % 116
Cairo Bridge—! » ................... 1930
Obie. Burling. A Q.—5s. a. f,.1901 103%
Pitts. Ft. W. A C.—1st, 78— 1 0 1 2
Bprmgf. Div.—Coup., 6 *___ 1898 107%
137
Iowa Div.—Sink. la n d ,5 s .. 1919 '103
2.1,79 .................................. 1912
Middle Div.—Reg., 5a..........1921 107
83
64
136
Sinking fund, i n ..................1919
3d, 7 s .................................... 1912 127
Plain. I s .................................. 1921
C. 8 t. L. A N. O .-T e n . 1., 7*. 1997 *107
79
Cli.Bt. L A P .—1st, oou. 5s, g ... 1932 T05
1st, consol., 7s................. ..1 807 108
UWe A Indiana Coal—1st 5s -1936
Clev. A P.—Cons., s. fd., 7s. 1900 114
CM. MU. A SL P .-lst,* »,fi.l.> .H 9 8 115a* n e 'e !
2d, 6 s.................................... 1907
Gen. 4%s, g., " A ” .............194*2 101
Gold, 5s. c o u p o n ................ 1951 ’ 113%
2d, 7 3-tOs. P. D ....................1898 119
8 t. L. V. A T, H .—1st, 6 a„ 7s. 1 897 103%
Memp. Div.. 1 st g. 4 a .....1 9 5 1
1st, 7s, * c., R. V ....................1902 123% 128
2d, 7 a .................................... 1898
100
Dub. A 9. C. -2-1 Div.. 7s ...1 8 9 4
1st, I. A ft.. 7 , .......................1.897 117
2d. guar., 7 s ........................ 1898
CedL Falls A M ln n .-l» t ,7 x .l9 0 7
90
1st, I. A D „ 7 t > .......................1809 118
G d.lL A I.K xl.—U t.l% s .« .g .l9 4 1 100 ioa"
la d . D. A 8 pr.—1st 7a, ex. cp.1900
in A * m „
..........
1903 123 128
lit , f. a i>. Extension, 7* . .1908 123
Imi,D.AW.— 1st 5s. g „tr.re o ..l8 4 7
123 :;Peo.AE.-fnd.B.AW .- l»t,pf.7s.l0OO HO
11 Ohio Ind.A W .-ls t p r e f. o s .. 193s
let. La C. A X>av., 5 »............. 11*19 102%
2d. 5*. gold, trust n-ceipts.. 1948
‘ Peoria A Pelt. Union—let, 6 s .1921
127
1st, M, A D .,7 * ........... ......1 9 1 0
inc. M. bond*, trust re ce ip ts.....
2d mortg., 4 % -.......................1621
1st, H. A D ..5 » .......
1810 102% 105
Ind. ilia. A Iowa.—1st, g, 4s, 1939 *75
65
Pitts. Cteve. A T ol.—1st, 6 s ... 1922
Uit.AG.N'n—IsLOs.g................ 1919
120
damage A Pacific D iv ,,6 s .. i 9 10 U «
Pitts. A L. Er.—2 d g. 5s,*‘ A ".1 9 2 s
90
Mineral Point U!?, 5 s.......... 1910 *102%
K tag* Co. F .K1.. I ~t.. ».f., gu. A. 1929!
C. A L. Hup. W t „ 5*.............1921 103%
Hike Erie A W > .,i.-2d g.. 58.1941! 100 102 ! Pitta. Me. K. A Y .—1st 6 S___ 1932
Puts. PUMISV. A F . - l s i . 5 s . ..1910
Fargo A South., 6«, A s »u ...l8 2 4 * I U
1- 8 . A M. 8 o .-B .A E .- N e w 7*.’ 98! 110
120
; Pitts, 8 hen. A L. E.—l*t.g..5s. 1940
Dei. M. A T ,—1st, 7s.............1900 121%
'98
lne. e on r. sink. .................... .
Pills A W est—M. 5s, g 1891-1911
Dakota A Gt, Month., 5 § . . . . l 9 l o l o t
Lake BUore—Div. bonds, 7*. 1809 111
105
83
Kai. All. A ft. R.—lat go, 5S.193H; 106
Pitts,Y’gst’uAA.—1st, 5K,0 0 0 .1027
MILA Bor. main H u e- 6 -.. .1910 *115
Oinc.A>'.iV,--30 year del). 5s, 1021 . . . . . 107*4
Pres. A Arix.Ceut,—1st, 6 s, g.1916
M abou’g Coal R R .—1st, 5».1934; 1 0 9 112
2d incom e 6 a .......................-.1916
Bscattaba A L. S. 1st, O s....1901 Ui~
LehigbV .,N .y.—1st gu.g.4%*. 1940 *08
.11
Dos H . A Minn.—1st. 7 » ....1 9 0 7 117
Lehigh V.Term,—1 st gu 5*>,g,1941,
9*2"
107% Rich. * Daily.—D ebenture 6 s. 1927 81
Iow a Midland—1st, a s........ 19001 U S
i.itciif. C ar.* We*L—l*t Oa.C.1916
Equip. M. ». f.,g ., 5 » ............ lin y
93
Atl. A Char.—1st, praf., 7a..1897
Long Island—1st. 7 * ................ 1896 llO
Peninsula— lat. conv,, 7 s.. .1898: 115
do.
Incom e, 6 s— 1960
N. V, A K’ vray B*—1st. g. 5*.1927
Okie, A Milwaukee—le t, 7*.1898; 1 1 2
Wash.O.AVV.—1st, Is.gti.cy., 1924
Win. A 8 L P.—2d, 7s.............1907 1 2 4
2d m ortg., in c.....................1927 37%
N.Y. AMati. Beach.— 1«t, 7s, 1807 TOO
R toG r. June.—1st, go..
5 «.l0 3 s
MU. A Mad.—I n , 6s............1905 HOW
Ott. C. K. A 8t. P .—l e t .5 s .•1909 103
Rio Grande 8 0 .—1st, g., 58. ..1040
N. Y.B.AM.B.—I si con. 5*,g. 1933
07
Northern til.—1st, 5*......... .1910 i0 3
BroekPti&Mootauk—Ut.Os. 191! 107%
iit. Jos. A Ur. Is.—2d in c.........Ii*t25
Knu. C. A Omaha— 1st, 5 s . .1927
C b .P e o .* 8 t,l--- Con.1st,g .5s, 1039
1st, 5 * .................................. 1911 lo*2
95
8 t. L. A. A l . i l —2 d pref. 7 s ..1894 103% 103%
O .R .I.A P .-0.M .A F. D. 1 it 4s. 1905
Loui*. E van*. A St, 1 _ —Con.5* .1931) 60
65
1st, 2**s................................ 1905
Louis. A Nash.—Cecil. Hr.7*.. 1907
1894 101% 102
109 1i 2d m .inc. 7s.....................
50
E. H. A Saab.—1st 6 s. « .. ..1 0 l 9 HO
ii Dividend bonds..................... 1804
55
Extension, 4 s ................. .1905
Pensacola Division, 6 *......... 1920 T05
Bailee. A 8 0 . I U .-ls t , 8 8 ,..r6 9 0 105
e e o k o k A D e * H .—1st, 5 » .. 1923 •90
8 t. iamls Division, 1st. Os... 1921
Bellev. A Car.—1st. 6 s......... 1923
Chicago A 84. L ow s—1st, tf»..1815
Chl.8 LL.APad.—lsL gd-g-S slO l"
95
C hic.et. F . a Mmu.—1 s t,6s..,191a 1 2 2
24. 3 s . . . . . ............................1980
80
6 t. Louis Bo.—1st, g(L g. 4s.l931
St. Paul A S . a —let, tin ....... 1919 *123
Leb. Brunch E x te n sio n .. .1893
75
do
2d in com e,5 s.1931
able. A W . Did.—1st, s. H O *. 1019 101
Nasliv. ,v Decatur—1st,7 * ..I 9 6 0 110%
Car. A Shawl.—1st g. 4 s-----1932
78
8 . f.. 6 * . - 8 . A N. A la............. 1910
General m o rtg a g e ,8 s...___ 1832 HOW
St. L. A 8 . F.—2d 6 s ,g., el. A . 1906 11,7 109
10 - 1 0 , gold, 6 8 ...................... 1924
Chlq, A W eatM ieb.—5s...........1921
101
Equip.. 7 » ............................. 1895
Vtei Ham, A D .—Con. s. t., 7*.10OS 118
50 -year 5s, g . , .........
1937
98
2d, gold, 4%e.......................... 1937
Pens. A A t,- 1st, 6 ». g o ld ...1921
General 5s............................... 1931
101
1st, trust, gold, 5s..................1087
Ctc. D. A tr’n—1st, gn. 5s. g.1941 *93
CodaS. trust. 5s, g ................ 1931
1*5
95
luO
(S et. Ak. A C o t - K q . A 2d 6s. 1930
Consol, guar., 4 s ................... 1990
D m N .A lb .A iii-—U»n.m.g.&».1940
52
69%
Kan. City A 8 .—1st, 6 s, g ...l « 1 0
C.C.C. A 8 4 L., Cairo div.— 1», 1939
Manhattan By.—Cons. 4s.......1990
93% 93%
Ft, 8 . A V. B. Bg. -1 s t, 6 s. - .1910
at, ism . D! v.— Istcol.te’tAs.g. 1990
MaulUi.8 . W.Colon iza’ u—5s,g. 1934
90
Kansas M idland—lat, 4a, g. 1937
|»rtn«.AColJDlv.—lst,g .4 «. 1940
Memphis A Chari.—6 s, g old .. 1924
8 L Paul A Duluth—1st,5s-----1931
1 st COB. I etui ilea, 7 » ........ .1915 102
tm t«W .V a L D iv .-ls L g .4 s . 1940
sT
2d mortgage 5s...................... 1917
M exican Cent. Consol.—Is. g.1 9 1 1 *51
CIn.W ab.AM .0lTv- lnt£g.4« .1991
105
91
tec. 1.81. L. A C— l„!,g.,l.-.193ti *91
1st, eons, income 3s, g ........ 1939
Si. Paid Minn A M .—1st, 7 s ..1909 108
93
Consul .t L ............................. .1920
2(1 mort,, 8 s ....... ..................... 1909 114
M exican National— 1 «t, g ,, 8 «, 1927
Mmneap, Union—1st, 6 s-----1922
Ctn.8ao.ACI -C o n .ls L g os, 1U2« 105
2d, Income, 6 s, “ A " ..............1917
Mont. Cen.—1st, guar., 8 s ..1937 U5*
C .C0 I. C»n. a .1ml.—1st, 78,8.1.1999 ill's
8
2d, incom e, 6 s. •' B " — — 1917
Consol, sink, fund, 7s.......... 1914 1 2 5
1 st guar. g. 5 s ........................ 1037 too% 101%
Michigan Central—« s .............. 1909
East. M inu., 1st div. 1st 53.1908 100%
Clave. A Man. V.—C old, 5 s ...1 938 104**
Coupon, 5 s .............................. 1931 *110%
Columbia A Green,—lat, 6 s. . . 1916
Ban Frau. A N. P .—1st, g., 5s.l919
Mortgage 4 s.......................... .1940 100
S5ai.< .Antrgis.—ls!.3».g.gn .lltsy
Birnth Carolina- 2 d , Os...........1931
2d, 6s........................................1920
Del. Lack. A W .-M o rL 7s. ...1 9 0 7 127
Income, 6 s....... ...................... 1931
Mu. L. 8 .AW .—Conv. deb., 58.1007
By-ra. B log. A K. Y . - l s t , 7x1900 125 129
8 0 . Pan. Coast—1st, guar.. 4 s . l 9 3 7
Mica. Div., 1st, 6 a................. 1924 123 128
Morris A Essex—1st, 7 s___ 1914 137
Ter. RR.As’ n o f 8 c .L .-i»t, l%». 1939 *98
Ashland D ivision—1st, 6 s ..1925 121
--------------■
Texas A N ew Orleans—1st,7 s .1905 H O 112
Bonds, 7 ».............................1900 113%
Incom es..................................
Babme Division, 1st, 6 s....... 191*2
7s o f 1871............................1901 118
Minn. A St. L.— 1st, g. 7 a .........19-27 114
1st, COB., guar., 7s.............1915 135% 136%
Consol. 5s, g ............................1943
89
Jowa Exteusion, l» t ,7 s .......1909 120 125
Del. A H ud. Can.—Coupon 7s,1894 103** lo t
Third Aveuue (N.Y).—1st 5s, 1937 112
2 d mortg., 7a.......................... 1891 *110
Pa. Div., coup., 7s................ 1917 135%
Tol. A. A. A Cad.—6 s ................ 1917
Boiitbwest Ext.—lal, 7s...... 1910 HO
Toledo A. A. A G ’d T r.—g. 08.1921
Albany A Busq.—l»t,g u .,7 a 1906 124
Pacilie E xt.— U t. 6 s ............1921 104
1st, cons., guar,, 6 «......... 1900 115
Tol. A. A. A Mt. PL—6 a.......... 1919
Impr. A equipment, 6 a........ 1922 110 l i d
Bens. A 8ar.—1st, coup., 7<s.l92l 140
Tol. A. A. A N. M.—5s, g........ 1940
32
Minn. A P a c.-l.a t mortg., 5». 1936
73% 70
D enver City Cable—1st, 6 s ... 1908
T.AO.C.—K an .A M ., Mort. 48.1990
Mlnn.8 t.P.A 8 .8 .M—lat c.g.48.1936
70
D eov. Tramway—Cons. 6s, g .lu iO
99
Ulster A Del.—1st, eon., 6 .,5s. 1928
M o.K.AT.—K.C ,A.P..lsl,4a,g.l9U0
6 9 % 72
Metropoi. tty .-ls t.g u . g .O s .ly il
Union Paoiile—1st, 6 s.............. 1896 104
Dai. A Waco—1st, 5s, g u .,..1 9 4 0
m
Denv, a K. U.—Im p.,g., 5 s ... 1928
1st, Os...................................... 1897 104%
Missouri Paeiflc—Trust 5 s ...1 917
63
73
1st, 6 s.....................................1898 lotf
Duluth A Iron Stange—1st 5s,1937
1st cod-, 5s, g ........................ 1920 *96% 97%
127%
___ r
Collateral Trust, 6 s..............1908 *75
Tei.ii. Va. A O s . - 1st, 7 s... 1900 1098,
St L.A1. M --A rk.B r.,lst,7s.l895
98
97
Collateral Trust, 5a..............1907 *60
Divisional 5 s......................... 1930 102
...A
M obile * Ohio—1st ext., 6 b. . .1927
Kansas Pacilie—1st 6 s, g . . . l 8 9 o 1 0 2 % 103
1st ext., gold. 5 s ...................1 9 3 7
Ht. L. A C airo--Is, guar....... 1 9 3 1
1 st, 6 s, g ............................... 1896 1 0 2 •*
* q ,A lm p .,g .,5 » ................... 1938
Morgan’s La. A T. —lat, 6 8 ....1920 *110
C. Br. U. P . - K. e., 7 a .......... 1895 . . . . . .
Mobile A Birin.—]a t ,g ..5 s .. 1937
1 * L " » .......................................1918 *120
88
42
Aleh. Col. A Pan.—1st, 6 s ... 1908
Nash. Chat. A 8 t. L.—2d, 6 s ..1901
50
Alabama Central—lat 6 s ...1918
112
Atoh. J, Co. A W.—lat, 6 s ... 1905
N. O. A. No. E. -Pr. 1„ g., 6 s..1915 TOO
.....A
Erte—^gt, extended, 7g.......... 1897 108
52"
U. P. Lin. A Col.—Ist,g .,d 8. 1916
N. Y, Central.—I'eli. g. 4 s ...,1 905
2d, extended, 5 s . .................1 9 1 9 110
99
Oreg.S.L.AU.N.,col. tret. ,5s. 1919 4 3
Sd. extended, 4 %«.................1923 106% 107 %
N, J. June—Guar, lat, 4 s „ .1986
Utah A North.—1st, 7s........ 1908
4th, extended. 5*.................. 1 9 2 0 100%
Bei’Oh Creek - lat, gold, 4b . . 1936 100%
50
Gold. 5 s.............................1 9 2 6
5th, extended, 4s.................. 1928
60
Osvr, A Rome—2d. 5s, g.,gn. 1915 106 110
101
99
Utah Southern—Gen., 7 s ... 1909 80
1st, con., g „ i‘d , 7 s ..............1920
90
Utica A HI. KIT.— Is, g., gu.1922 102
Extern, 1st, 7 s................... 1909 . . . . . . 88
Reorg,, 1st Men, tin ............... 1908 . . . .
N. V. N. H. A H .—1st, re » 4s. 1903 101
104
Valley R’y Co. o f O.—Con. 6 s .1921
B .* , k. A L .—1*L 7 s .......... 1910 *128
N. Y. A Northern—1st, g 5*. 1927 *107%
Wabash—Debenture. Her. A..19.J9
*• P* L. L. A W.—6 0 1 , tr.,0s. 1922 * 1 0 5
2 d, 4*...............................
..1927
110
Det. >v unto. E x t 1st, 8 b, g . . 1940 i o o " 102*"
Funded eou p .,5 »...................I960
N. Y. 8 osq. A W est—2d. 4% s. 1037 *90
93
73
No. Missouri—1st, 7s...........Di.i.y io6
10 6 %
BnM. * 8. W .~M ortg. Os___1908
Geo. mort., 5s. g ................. 1940 *95
97%
105 . . . . m
n
Jefferson—1st, go, g . an ....1 9 0 9
S . V, Tex. A Mex.—isi ,4s,g u .l012
; 100
105 ...AAA
Coal A KRv-Oe...................... 1922
North’ ll Pnciiie—Divid’d scrip ext.
EurekaSprings—tst, g., o » .. . 1933 ..................
.A
James Rivet Val.—1st, 6a...1936
W h6el.AL.fi.—1st, 5s. g o ld .,.1
iO e ”
E v a n s ,* 1.11. • lst,<:..n*.,0 « . . 1 9 2 l •1 11 >4 122
Spokane A Pal.—1st, 6 s....... 1936
65
52
Extension A Imp.
An. ..19801 —***
let, gsnrrai. j , , 5 s ............... 1942* 95 100
- HI.Pan 1 A N. P .-ft c n .. 6 s. .1923 111% 115%
zzsst
* » • |«%N rjUayj these are the latest quotations made this week.
P o r f l U a o c i l a n o o u i A D n lla t e d B o n d * —SM 36 page preceding.

83
80

118

THE

984

C H R O N IC L E ,

[VOL. LV1I
Latest Earnings Reported.

AND

Week or Mo

Great North’ n—
I
$
St. P. M. * M. October. .. 1,683,117
East, of Minn October. . .
2 04,766
Montana Cent O ctober.. .
90,039
Tot. system . October. .. 1,977,923
1,569
Gr. P.W al. & Br. August___
G u lf * Chicago. O ctob er...
5,339
414
Hartsville ....... August____
Hoos.Tun.&W il October. . .
2,956
Hous.E.&W .Tex October. ..
49.4 0 7
Humest’n&Shen October. ..
14,000
Hutch.&South’n August___
7 ,937

In te llig e n c e .

R I R A E R I G .
AL O D A NN S

B

/

1893.

1892.

1893.

I

1892.

$

448 11,038,855 1 0 ,6 85,897
164 501! 1,068,129
9 9 5 ,8 7 6
129, 845
9 30,174
983 ,2 1 9
,021 7 9 4 13,037,158 12,664,992
181 H f14,923
|
15,135
33,823
518
29,1 1 5
Ik e I n v e s t o r s ’ S u p p l e m e n t , a pamphlet o f 150 pages
569
6,585
6,686
30,3 8 0
,885
contains extended tables o f the Stocks and Bonds o f Rail2 9 ,6 1 0
49, ,692
roads, and other Companies, with remarks and statistics con­
14, ,0421
113,213
117 ,0 4 7
I t ,104'
46,148
4 9 ,2 2 3
cerning the income , financial status, etc., o f each Company .
18,350,464 1 5 ,7 97,665
Illinois Central. October.
1,878
It is published on the last Saturday o f every other month— In d .D eo.* West. October. ..
41,3 5 5
3 53,927
31,811
4 2 3 ,6 3 3
In.& G t.
w
84,777
113,046 3,5 4 0 ,3 5 4 3 ,5 7 5 ,1 5 3
viz,, January, March, M ay, July, September and November, Unteroc.North’n 3dkNkNov.
45,148
(Mex.) W
ov. 11
34,258 1,830,125 1 ,579,911
4 2 ,2 8 7
44,9 0 9 1,688,961 1,6 9 6 ,3 3 7
Iowa Central. 3d wkNov.
and is furnished without extra charge to all regular sub­
32,622
3,653
3,805
Iron R ailw ay.. O ctober...
29,788
scribers o f the C h r o n i c l e .
5 ,560
318,448
7.778
326 .2 4 5
K anaw h a* • ich 3d wkNov.
5 ,140
5,808
303 ,9 0 0
286,985
Kau C. Cl. & S p . 3d w kN ov.
The General Quoti tions o f Stocks and Bonds, occupying K .C .F .8 .*M e m 3d w kN ov.
101,151 4 ,1 71,211 4 ,4 1 7 ,3 7 7
88.637
27,012
26,141
967,921
9 8 0 .4 0 2
ate pages of the C h r o n i c l e , are published on the t h ir d K.C.M em .& Bir 3d w kN ov.
164,984
5,349
1,506
K. C. Pitts. & G. 3d w kNov.
56,608
S a t u r d a y o f each month .
4.062
214 .6 5 4
3 ,134
Kan.C. Sub.Belt 3d w kN ov.
112 ,0 6 6
9 ,745
7 ,490
298,968
Kan.C.W y.&NW 3d w kN ov.
304 ,7 7 3
7 ,522
8 ,282
340 ,8 0 0
K e o k u k * W est. 2d w kN ov3 5 0 ,3 9 6
8 ,627
65,873
6 ..
L.
Erie All. &So. October.,994
68,2 0 5
58,8 4 2
68,401 3 ,157,357 3,1 4 7 ,4 4 9
L. Erie * W est.. 3d w kN ov.
50,506
464.655
59,851
3 6 9 ,4 8 0
Lehigh & H u d .. October. ..
Latest E arnings Reported.
Jan. 1 to Latest Date.
3 ,300,292 3 ,3 4 2 ,6 2 8
Long Island----- Septemb’r.
R o ads .
4 i*.336 *52*50*8
**
318,523
346,761
L o u is.* Mo.Riv. Septeiub’r.
Week or Mo^ 1893.
1 8 93.
I 1892.
1892.
28,603
35,061 1 ,580,324 1,3 4 3 ,7 8 5
L ouis.E v.*S t.L . 3d wkNov.
4 5 9 ,8 9 0 18,276,995 19,228,796
Louisv.&Nasbv. 3d w kN ov. 421 ,4 4 5
57,805
59,2 8 4 3 ,168,572 2 ,9 2 8 ,7 5 4
L ou is.N .A .*C h . 3d wkNov.
Adirondack____ i Septemb’ r.
128,041 L ou.S t.L .& T ex. October. ..
15,132
134. 337
17,383
38,933
58,876
190,901
Allegheny Vai. October. ..
257,941 I 2,085; 5 5 4 ! 2,.183,090 Macon & B irm .. October. ..
7 ,104
55,5 5 2
6.228
61,5 6 5
A toh.T.& S. Fe* 3d w kNov.
7 98,260
846,915 34,880. 063 35,,215,063 Manches.&Aug. August___
1,024
968
9.593
7 ,998
St. L. & San F. 3d w kNov.
1 75,456
185,554 7,735; 590! 8..032,374 Manistique.........October. ..
71.2 9 3
877
80,7 0 7
557
Agg. to ta l... 3d wkNov.
973 ,7 1 6 1,032,469 4 2 ,6 2 1; 65343;.247,437 Memphis&Chas. 2d w kNov.
33,126
26, ,739 1 ,196,550 1,2 3 3 ,5 6 8
462! ,511
A tla n ta * Char, a August . . .
460 ,1 3 7
4 4 ,0 5 4
54,411
156,233 157, ,116 7,000,882 6,9 6 1 ,8 9 6
B.&O.EastLines October. .. 1 ,7 01,770 1 ,757,572 16,036! 549 16. 602,428 IMexican Cent. 3d w kN ov.
145,816
1 9 4 :,893 1 .504,429 1 ,398,632
Mexican Inter’l. Septemb’ r
Western Lines October. ..
580,812
582,035 5,366, 600 5 ,1 52,508 tMex. National. 3d w kN ov.
73,4 1 6
103, ,022 3,762,941 4 ,0 2 7 ,6 4 7
Total............. ! October. .. 2,2 8 2 ,5 8 2 2,3 3 9 ,6 0 7 21,403; 149 2 1 ,7 54,936 tM exicanR’ wav w k N ov.18
54.0 0 0
55, ,500 2,70S,696 2,6 8 5 ,2 4 2
Bal.AO.Sou’ w.jV 3d w kNov.
1 24,434
125,859 5,986. 723 6,0 6 8 ,9 3 0 Mineral Rangei O ctober...
116,088
25 ,800
124,684
28,518
B a th A H a m ’nds October. ..
26,670 Min neap. &St.L. October ..
8 ,246
27! 843
6,748
201 ,9 3 0
2 0 0 :345 1 ,495,152 1 ,6 3 6 ,6 1 7
Bir. & Atlantic.. O ctober...
34,189
24; 721
2 ,284
3,486
71,5 0 2
7 3 ;330 2,9 2 0 ,6 1 4 2 ,7 5 0 ,0 5 7
M.
St.P. &S.S.M , 2d w kNov.
Bir.Sh.&Tenn.R J u n e ..........
4 ,814
21,206
247,760 225 ,868 9,0 7 5 ,4 7 7 8,5 5 7 ,2 0 6
Mo. Kan. & T e x .. 3d w kNov.
Brooklyn E lev .. 3d w kNov.
37,7 8 0 1,643, 378 1,676,993 M o.Pac.*lrouM 3d w kN ov. 483,432 5 6 l! 648 2 2 ,0 97,214 24 ,3 6 1 ,4 7 3
34.606
Buff.Roch.&Pitt 3d wk Nov.
65,231
66,013 3,062, 689 2 ,8 6 7 ,8 2 4 Mobile & Birm . 3d w kNov.
8,233
477
Buffalo & Susq. October. ..
22,005
302,637 292i 379 2,6 5 7 ,0 1 0 2 ,7 1 1 ,3 6 7
M o b ile * O hio.. O ctob er...
Bur.C.Rap. & N. 3d w kNov.
91,8 3 2
98,591 3,7 3 0 ,8 0 4 3,8 1 5 ,9 8 1 M on t.*M e x .G if October. ..
855,489
110,000
C a m d e n * A tl.. Septemb’r.
68 3 ,5 3 0
708,808
76,3 4 6
77,769
473, 239 3 ,968,206 4 ,2 8 2 ,1 1 7
394,688
Canadian Pacific 3d w k Nov. 4 9 9 .0 0 0 496 ,0 0 0 1 8 ,7 60,036 18,908,765 Nash.Ch.A St.L . October. ..
30,7 2 0
31,272
4. 470
2,646
Nevada Central Septemb r.
Car.Cum.G&Ch. August___
17,873
2,617
1 ,214
29,038
2 1 0 ,6 9 2
35, 508
218 ,3 4 0
[32,706
53,132 N. Jersey & N .Y. August___
Car. Midland___ October. ..
49,8 5 6
8 ,476
8,226
1 11,444
12 716
97.327
11,074
NewOrl.&So’n .. October. ..
Central of G a ... O ctober...
60 3 .0 8 0 614 ,4 8 0
4,3 5 0 ,2 9 5 4,,289,,878 39,232,956, 3 7 ,6 81,481
Central of N. J .. O ctober... ,303.033 ,271,708 12 ,2 1 8 ,1 0 4 11,908,779 N .Y .C .& H .R — O ctob er...
............ |
2,7 2 2 ,1 1 8 " ,758. 5921
Central Pacific.. Septemb’r. ,433,429 ,395,081 10 ,7 9 7 .6 9 4 11,034,804 N. Y . L. E. & W . October. ..
6 55,370 664,,562 5,4 5 7 ,6 9 9 5 ,3 0 1 ,3 1 0
Central of 8. C .. August----64,003 N .Y .P a .* O h io .. Septemb’ r.
67,440
6,249
6 ,636
4,626,467; 4 ,5 3 9 ,6 3 5
N. Y .& N .E n g ... septemb’ r.
Char. Cin. &Chic. Septemb’r.
1 03,383
102,666
8.100
12,266
4 7 7 ,0 8 4
499,905!
*57 1*5*2
48,999
Charlest’n&Sav. August .
447,559
4 18,979 N .Y .& N orth’n .. October. .
29,310
32,655
63,,241 3 ,522.345 3 ,0 9 8 ,3 8 0
65.728
Char.Sum.& No. O ctober...
1 18,237 N. Y . Ont. * W .3 d wkNov
17,000
124.473
15.000
1 68,580 168 ',484! 1 ,4 79,910 1 ,4 45,543
N .Y Susq. * W . . October. .
Chat’qua L ake.. Septemb’ r.
44,5 9 9
41,825
5 ,564
5,148
35 7 ,6 5 3
3 63,024
36,,543
35,630i
Cheraw.&Darl.. Septemb’r.
57,2 3 2 Norf. ASouth’ n O ctober..
7 ,922
7 ,127
64,5 6 7
189,,187; 9,0 0 8 ,9 2 0 8,7 9 8 ,8 8 5
Norfolk & W est. 3d w kNov.
177,619
Ches.<fe Ohio___ 3d wkNov.
198,913 8,9 0 2 ,3 3 2 8 ,8 85,559
180,188
46 7 .5 2 7
4 73,669
34;,982
36,0 1 0
N’ theast’n (S.C.) Septemb’r.
Ches. O. &.S. Y i . August —
1S7,193
207,151 1 ,5 29.715 1,414,795 North’n Central. October. ..
601,192! 712,,230 5,810,091 5,9 3 1 ,6 6 5
Chio. Bur. <fcNo. Septemb’r.
2 23,504 1,719,646 1,576.392
198,203
North’ n Pacitic§ October. .. 2,2 1 8 ,1 0 0 2,,948, ,285 2 0 ,2 8 9 .8 ,4 24,6 4 8 ,2 2 6
Chic. Bur. & Q .. October. .. 3 ,8 43,746 ,038,453 32,365,718 3 3 ,3 45,223
3,503i
C h ic .*E a st. 111. 3d w kNov.
88,797
104,422 4,0 4 5 ,8 5 3 3 ,7 07,402 O c o n e e * W e s t. O ctob er...
393,6 9 4 ' 3 ,4 5 8 ,2 4 8 3,4 9 6 ,8 0 6
3 50,143
C h ic a g o * Erie. Septemb’r.
351,461
237,235 2 ,3 6 5 .0 9 7 2,0 4 4 ,2 8 0 Ohio * M is s ........October. ..
19,533
735 ,6 3 0
7 03,606
18,597
Ohio R iver......... 3d wkNov.
Chio. Gt. West’ u 3d WA Nov.
80,814
94,278 3 ,8 97,997 4 ,5 0 6 ,3 7 7 Ohio Southern.. October.
60,9 5 1
54 8 ,2 4 4
5 39,823
60,0 7 6
C h .J .R .& U .S.Y . Septemb’r. 2 19,659
2 50,394
49,4 9 3
41 1 ,0 9 8
4 3 0 ,0 8 7
4 5 ,6 4 0
Omaha & St. L .. Septemb’ r.
Chio.M IL* 8 t.Pt 3d wk Nov. 7 22,281
7 87,446 3 0 ,4 24,885 3 0 ,7 09,515
343.341 2 ,9 0 2 ,6 4 2 2 ,9 3 1 ,9 2 4
Chio.&N’thw’n/i October. .. 3,6 7 9 ,7 4 0 ,699,680 27,020.942 2 8 ,0 55,959 O regonlm p.Co. Septemb’ r. 36 8 ,8 2 0
17,778
2 4 3 .5 3 4
166,905
18,6 3 0
Pad.Tenn.&Ala. October. ..
Chic.Peo.&S.L.fc 3d w kNov.
22,1 9 6
24,973
20,4 3 5
178 .7 4 6
155,676
16,852
Tenn. Midl’d .. O ctob er...
Chio.R’k l .& P -. O ctober..
,143,294 ,915,240 16.601,265 15,578*894
Pennsylvania... October. .. 5 ,4 8 0 ,2 7 5 6,,290,883 5 5 ,7 8 4 ,2 2 4 5 6 ,8 8 9 ,6 3 7
C hio.8t.P.M .& 0. O ctober..
990.830 ,023,972 6,7 4 3 .5 2 4 7 .3 95,429 PeonaDec.&Ev 3d w kNov.
15,970
771 ,9 0 2
765 ,4 9 8
15,651!
30,9 6 7
Chio. * W. Mich. 3d wkNov.
41,356 1 ,7 08,183 1,783,866
3 7 ,5 6 4 !
4 0 8 ,6 5 0
4 13,941
38,2 6 8 j
Cin. Ga. & Ports. October.
58,754
59 304 Petersburg......... Septemb’r.
7,162
6,539
5 3 6 ,8 7 7 3 ,9 0 2 ,1 7 2 3,7 9 8 ,0 2 5
C in. J aok *M ac. 3dw k Nov.
6 27,036 Pbila. & E r ie ... Septemb’r. 4 64,387! ,24 8 ,2 1 9 18 ,7 6 2 ,6 0 7 19 ,1 0 1 ,5 7 0
601,677
11,935
12,758
P h ila .* Read’g . O ctob er... 2,1 2 7 ,4 3 0 2
C in.N . O .& T .P , October. ..
342.000 3 73,265 3.2 9 9 .9 3 7 3.510,198
..1
..............
C o a l*Ir .C o .c . October. .. 2,9 2 3 ,6 2 3 2,,076,865;
Ala. Gt. South, O ctober.. .
175.000
1 65,554 1,426,959 1,461,353
Total both Cos. October. .. 5,0 5 1 ,0 5 3 4,,325,083
N .O rl. A N . E. October. . .
174.000
126,695 1,132,745 1,050,768
Lehigh Valley. May............ 1,490,781 1 56 7 ;4 6 3 7,1 3 2 ,4 5 3 6,9 0 2 .2 3 5
A la. & Vioksb. O ctober...
497 ,7 3 4
45 2 .5 7 3
72.0 0 0
59,6 5 4
29,352
32.826
3,967;
1,862
Vicks. Sh. & P. O ctober...
4 24,431
4 4 0 ,7 6 7 Pitts. Mar. &Cli. October.
60,094
64.000
323 ,4 9 7
416,577
38,315'
48,8 1 3 ;
Erlanger Syst. O ctober...
827.000 7 85,262 6 ,7 36,645 6,9 6 0 ,8 2 0 Pitt.Shen.&L.E. October. ..
1 24,739 1 ,343.258 1 ,163,518
144,599
Pittsb. & W est.- O ctober...
C in , Northw’ n.A O ctober...
17,200
17,418
2,075
2,098
534,758
62.770
€88 ,6 9 7
82,895
Pitts. C l.* T o l October. ..
217,113
Cin. Ports. & V.. O ctober...
2 24.016
25,575
23,165
266 ,5 8 7
313.191
28,585!
36,904'
Pitts. Pa. & F. October. ..
12,031
Col. & Maysv. O ctober...
12,575
1,157
1,133
47,100 2.4 3 5 ,8 4 4 2,0 5 8 ,9 9 4
43,7 8 0
Total system.. 2d w kN ov.
C lev. Akron*Co. 3d w kNov.
8 78,323
891 ,0 9 4
17,939
20,299
126.169 1,133,278 1,2 3 7 ,0 8 2
84,279
P itt.Y o u n g .*A . October. .
C l. Cin.Ch.&S.L. 3d w kNov.
244,982 2 93,185 12,317,558 13,213,674
146,580
15,999
179,797
16,106
Peo. & East’ n. Sentemb’r.
175,093 1,291.093 1,321,729 P t.R o y a l* A u g . A u g u st...
174,929
170,502
19,169
202 ,1 1 8
21,593
Clev. * Marietta itfiwk^lep.
245,699 Pt.Roy.&W.Car. A u g u st...
10,102
249.017
7 ,97 L
234 ,5 9 3
222,482
25,767
24,239
Quincy O .& K.C. October. .
Col. Newb. * L. August___
28,1 7 6
41,8 5 3
4 ,550
3,375
261 ,9 1 5
Kich’d & D anv. 3d w kNov.
239,078
Col. H. V. & Toi. October. ..
322.080
316,410 2 ,805,596 2,778,848
4 9 ,6 9 0
61,618
Georgia Pac.. 3 d w k N ov.
Col.Shawnee&H October. ..
73,4 1 7
67.606
570,532
572,929
€3,6 6 7
50,481
ch.Fr’fesb.AP. Septemb’r.
21,312
25,402
Colusa & L ake.. October.
2 ,144
2,800
267,113
28,592
262,381
25,555
Rich. &Peter8b. Septemb'r
178,680
Current R iver.. 3d w kNov.
2 ,316
141,968
3,568
584,243
420,7**5
16,306
7 ,0 5 7
D eny. * Rio Gr. 3d wk Nov.
155,900 192,800 6,9 6 0 ,5 4 2 8,1 2 3 ,0 5 2 Rio Gr. South’ u. 2d wk Nov.
44,6 0 0 2 ,026,893 2 ,3 3 2 ,0 3 9
4 6 .0 0 0
Rio Gr.W est’ n.. 3d w kNov.
343,759
3 4 9 ,7 2 4
Des. M .N o .& W. O ctober..
37,918
41,5 4 0
1 03,434
108,164
13,759
11,008
Det.BayC.&Alp. October. ..
300,863 Sag.Tuscoia&H. October. ..
342 ,5 2 6
17,608
28,608
69,8 3 8
9 ,037
71,009
7,902
Det.Lans’g&No 3d w kNov.
2 2 ,2 5 4
23,691 1,081,114 1 ,105,557 Sag.Yal. * St. 1.. Septemb’ r.
33,6 3 0 1,391,985 1,3 3 3 ,9 5 5
29,9 1 0
DuiuthS.S.AAtl. 2d wk Nov.
33,207 1,888,578 1 ,983,726 St. L. A . & T. H. 3(1 wkNov.
26,458
24 753
22,430
3,048
3,002
St.L.Ken’ et*So. October.
114.150
10,304
Duluth <cWinn.. October.
f
18,520
211,471
125 ,3 6 0 111,600 4,3 3 4 ,1 8 6 3 ,9 52,299
E .T e n n .V a .* Ga 3d wkNov.
123 ,7 9 0 130,657 5,009,509 5,5 5 7 ,5 0 2 8t.L.Soutliw’rn. 3d wk Nov.
248,499 1 ,470,282 1,7 2 6 .7 6 0
194,242
St. Paul&D ui’tb October. ..
701,602
79,277
784 ,7 8 6
102,827
Elgin.JoL&Easi O ctob er...
225 ,4 6 4 1,286,050 1 ,1 5 0 ,1 5 4
60,3 4 2 San Ant. * A .P . Septemb’r. 188,521
7,032
4 ,772
Eureka Springs. Septemb’r.
61,878
14,964
15,103
338,468 S.Fran.AN .Pac. 2d wkNov.
5,989
Evans A ln d ’ plib 3d w kNov.
327,881
7,168
43 0 ,4 8 0
57,131
412,639
44,965
8av. Am . & Mon. October. ..
2,464
3,290
Evans. * R ich .. 3d wk Oct
2,0 9 3 ,8 1 2 2 ,2 1 2 ,4 2 3
Sav.Fla. & West. Septemb’r.
24,751 1,257,784 1,159,301
Evansv. & T. H. 3d w kNov. • 22,4 4 3
53,962
79,0 0 9
13*253
‘ *7,500
6 8 7 ,9 3 0 5 ,503,264 5,5 5 6 ,0 3 6 8ilverton............. October. ..
Fitchburg........... Septemb’r.
621,201
30,742
150,759
1 57,865
28,570
Flint AP.M arq,. 3d w kN ov.
55.057 2,4 7 3 ,9 3 6 2 ,546,698 Sioux City & No. M a y ...........
43,893
190,142
1 58,975
22,500
21.000
93,554
22,7 7 9 South Bound___ O ctob er...
2,098
6,818
Florence...........?. August___
So. Pacific Co.—
97.667
99,629
Fl. Cent. * Pen in June
!,086,411 3,2 2 6 ,7 9 2
G a l.H a r.* S.A Septemb’r. 3 23,494 481, 358
298,800
304,345
44,863
F t. W . & R io Gr October. ..
51,088
7 50,321
94, 687
8 00,280
80,809
Louis’a W est.. Septemb’r.
11,827
8,005
574
1,008
Gads. * A tt. U .. O ctober...
[,701,964 3,6 4 1 ,4 7 6
Morgan’ sL&T. Septemb’r. 3 79,853 499, 608
160,115 1,122,014 1 ,2 07,439
167,995
Georgia RR.
October. ..
168,166
30, 971
29,107
179,611
N .Y .'T .& M ex. Septemb’r.
136,106
308,968
24,661
35,441
Ga. Car’Ll & No- August----143, 031
312,865 1 ,2 20,703
T ex. A N , O il.. Septemb’r. 120,503
6 21,367
658,172
73.0 5 8
650
Geo. 8o. & F la ... October. ..
1.379.751 1,408, 86S'10, 555.782 10,500,813
October.
Atlantic sys.d.
29,656
30,771
3,255
Georget’n A W ’n August----Pacific system October. .. 3 ,3 32,000 3,452, 083 29, 581,809 29,8 9 7 ,9 4 3
48,6 7 2 1,996,841 2 ,2 28,885
Gr. Rap. & Ind.. 3d wkNov.
4 .7 11.751 4,860, 951 40: 137,591 40,3 9 8 ,7 5 6
Total of all.. October.
388,551
444 ,3 3 5
10,241
Cin R .A F t. W. 3d w kNov.
CoastD\v(Cal.) £ Sep’ mbr. 1,002,411 1,000, 328
50,359
098,771 7 ,5 5 8 ,9 2 2
47,3 6 9
1,056
Traverse City 3d wk Nov.
8ou.D iv.(O al )
1 67,164
128,128
2,970
Mus. G. R. & I. 3d w kNov.
492.782 1 ,430,571
171 ,689
Arizona D iv .. Septemb’ r. 152,589
62,939 2,5 6 0 ,8 8 9 2,890,743
Total all lines. 3d wk Nov.
742 ,6 3 8
7 00,665
70,877
86, ,610
New Mex-Div Septemb’r.
17,943,441
396,583 !8,2
Grand Trunk— W kN ov. 25
140 ,855
Calif. Pacific. Septemb’r. 124 ,9 1 6
71,563 3,8 4 0 ,2 8 3 3 ,2 85,643
Chio. * Gr. Tr. W kNov. 18
Septemb’ r. 176,690 214 ,666
OregonAUalif
994,5801 1,067,428
23,2 6 0
D eLGr.H .& M . W kN ov. 18

R a ilr o a d

-

Jan. 1 to Latest Date.]

R q xd s.

|n » je s tm je w t

THE CHRONICLE,

D ecem ber 2, 1893. J
L a te s t E a r n i n g s R e p o r te d ,

H oads .

J a n . 1 to L a te s t D a te .

1893.

1892.

1893.

|

S

S

l

3d w e e k o f N o v e m b e r .

1892.

*

W eek o r M o

8

Wheeling A Lake E r ie ..

9B5
1893.

1892.

S
267,000
26,648

$
290,000
26,304

In crea se.

$
344

Decrease,

23,000

12.305
14,778
55 6
676
BouthA SorJ ar August___‘
7,374,395 7,907,070
95,837
623,512
10.071
70.394
9.189
72,965
Soar. Ou. A Col. A u g u s t...:
841.320
Net de -t-ease <6-74p.o.l
820, <-32
93.962
94.056
Staten Is!. H. T. -e p tfin b r ,
532,675
41.719
51.916
7.2 «
5.000
StonyCl.A( 'Mt. Scptcnili’r, |
■ Week endii.g November 18.
Summit Branch <ktober. .. 124.982 123.416 1,058,119 1,086.292
i Includes Colorado Midland In. both years.
909,978
895.296
96.863
Lyfceus Vaile,- October, .. 11-1,593
22o.2t8 1,«K ,997 1.981.588
239.57
TotT both Co'-iOetober. ..
Our final statement of earnings for the second week
T exas A Paritt< ,3<1 uk Nov. 169.756 184.199: 6,198,749 5.876.243
44.755
4.519;
6.160
10,173 of Nov, mber covers 73 roads and shows a loss of 2 03 per cent.
Tex.S. ValAN.w O cto b e r...
4 7 .1 5 7 1,767,- 48 1,753,163
35,410
To:. A O h io( *eni
(1 wk Nov.
2 1 .9 2 1
8*3 493
875,333
21,113
Toi. P. & west
a wu Nov.
2 d w eek o f X ov em b er.
In crea se.
D ecrea se.
4 2 .5 3 *' 1,588,966 1,993,703
1893.
1892.
36,4*9
T o l.S t.L .A K .C :M w kN ov.
326,790
334.651
42,269
43,565
Ulster & Dei . ;Septemb’ r.
$
*
s
$
U nion P aellleI
l
252,019
414,176
Or.8X.Ar U. N irioptpmb’r- 415,455 667,389 4.518,817 5,291,968 Previously rop'd 65 r’dsi 7,570,564 7,738,721
2,780
(14,464
07,244
Or Rv AN.Cn iSepremb’ r. 29 <.595 52«,98fl! 2.(117,r.fiO 3.239,373 Chicago A Grand Trunk’
............
23,096
25,6 6
&
2,570
i4,264.175 Cliie. Peoria * St. Louis.
IT. P ie . D. * a . Se iiCciib’ r- V21,004
20,018
966
24,*00
27.600) 1,024,7.8 1.097,543 Det Or. Haven & Miiw.%
B tJ o.A G d .L t 3.1 vrk Nov
20,458
33,207
6,749
A ll otherline* Sept* mb’r.; 1,826.411 2,556.728 14.362.35:1 17,267,598 O.iluthS. 8 A A tia n a o ...
34,258
£6,890
45,148
T o t C . P S? *. Sci'temli'r. ‘2,979,18 4,304,69* 20,606,564 30,976,322 Interoceauio M e x .)'.. ..
597
.......J
8,088
7 ,4 )1
70,7511 143,759’
744,075
978,054 Kan. C. Wyaii. & Sf, W ...
Cent B t . i t I>.L.iS»ptein!>‘r,
............
61,0 '0
59,714
1,236
51 .-4 6
8 6 ,S '* ;
602,625
813,953 SIfXiean R ailway*..........
Montana Un . M-ptemb'r.
139
14,96*
15, (.03
25,594 tan Frau. A No. P acific.
2.752;
2,483
20,417
Leav, Top. A-S Septeuib'r.
29.563
3,972
4.2 4
31,072
Man. .41-A Bur. —-pteuiiJ’ r.
r
264,611
427,561
Total (73 roads)............ 7,839,639 8,002,589
Or'nd total ' Sepusmb'r. 3,086,022 4,585,216 27,767,72! 32,389,932
152.3*2 1 vet decrease (2- 3 p .c .!..
............ 1
145,168
Vermont Valiev Soptcmb’ r.
162,950
2 0 '. 0 .>1.1 2 0 0 .0 0 0 12,14 .,< 78 12,64 ..712
W abash---------- S d n k N ov
43, ¥60
7.485
7,803
62,561
For week ending N ovem ber 11,
Wab. Cbes, & Y .| August---F
West Jersey,.
Sepierab’ r. 153.-219 168.053; 1,349,39$ 1,354,329
906,571
98.597
9 O.7 4 1 ;
985,929
W.V.Cen.A Pitt* O c to b e r...
Net Earnings Monthly to Latest Dates.—The table fol­
24*,223
34,781
35,253
306,232
W est V& A Pitts Seplem b’ r.
971,401 lowing shows the uet earnings reported this week. A full
West, SUrylann.'.October... 100,024 106.3711 1,029.950
3.053,773 detailed statement, including all roads from wHich monthly
66,50..
66,300 3.105,23
W est.N.V. A IO ;2d w tN ov,
26,648
28.304 1,375,352 1,297,723
Wheel. A L, Erl'-i d w t Nov.
19, 96 returns can be obtained, is given once a month in these
2,049
2.748
16,235
W ll.Chad.ACou.' A u g u s t.. .
806,799 columns, and the latest statement of this kind will be found
36.811
46*392
411,161
W1J. Col. A A ue , A u g u st....
8,35ft
7.004
W rlghtsv.ATen October.
in the C h r o n i c l e of November 18, The next will appear in
* Include* Cel, Mid. in 1893 and 1*92 for week and year to date,
t Include* Milwaukee A Northern for all periods.
5 Includes Wta Central to September 26 inehudve fo r both year*.
a figu re* cover only that p u n ot mileage located m South Carolina.
5 Earning* given are on whole Jacksonville Southeastern System.
e T he business o f the Lehtgh Valley and Lehigh A Wilkosbarre de­
partm ent* Is not Included, < Include* earning* from ferries, e tc.,
4
n o t gives separately. ; M exican eurrenov. « T ol. Col. A Q n Included
for the week and since Job . I In both years. /I n c lu d e * only half o f
line* In which Union Pacific ha* a half ii>fere*i. A Include* from Sep­
tem ber 1 earning* o f Milwaukee t a k e Shore A Western in both year*,
f Include* Hancock A Calumet fo r October only, j Includes Ohio A
Mississippi In both years and from January 1 to latest date.

Latest (irons Earnings by Weeks,—The latest weekly
earnings in the foregoing are separately gummed up as follows:
For the third week of November our preliminary statement
covers 65 roads, and shows 0-74 per cent loss in the aggregate.
Set d e c k o f K a m tn b tr .

i t c h . Top. A Ban. ft- *—
HI. Lon!* A San p r .........
Salt.A Ohio Southwest..
Brooklyn E levated..........
Buftaio Koch. A Ptredi'it.
Burl. Ced. Kap, A North.
Canadian P acific..............
Chesapeake A O h io........
■Chicago A East. Illinois.
Chicago (treat W estern..
Chicago M ils, A Si. Paul.
-Chic, Peoria A S t Louis,
-Chic- A West Michigan .
Cln.JackMiD A Mackinaw
Clove, Akron A Coiumt
Cteve. Gin. (b io , A 8t. L .
•Current R iv e r----------Denver A Rio Grande.
D etroit Laudutt A N o—
East, T eas. Va. A Oa .
Ev-it>*v. A JodtanaphU*
Evansv. A Tern- Haute .
P itot A Per* Marqnctt j.
Grand Rapid* A Indiana
Ctn. Eb b. A Ft- Wayne
Traver** C ity ...............
Jin*. H r. Rapid* A Ind
G rand Trunk o f Canada'
Chicago A Or. Trunx*.
Det. Or. Hav. A Mllw.totern’ l A O f. North'n ...
Jow a C e n tra l..............
Kanawna A Michigan.
Kan. City flirt- A Spring.
Kan. C. F t B. A Mem ...
Kan. City Mem. A Kirm
Kan. City r Ut*. A G ulf ..
Kan. City Suburban Belt,
Kan. C. W r .111 . A N W ,,
Bake Kiri* A Western.......
Loulsv E v »c«y , A St. L .
Doutsvilto A N ashville...
L ouis.N . Albany A Chic.
M exican C entral.............
M exican Mnttofiai.— .
M exican R a ilw a y '......,.
M Kansas A. T exas-----<>.
Me. pci ’ ;•
•
i ....
.
M obile A Biro.i ncham .
N . V- Ontario A Western
Norfolk A W esiern.. . . . . .
Ohio R iv e r .................... .
Peoria Dec. A K van ev...
RivbmoTid A D anville..
Georgia P a cific... . . .
K i" Grande Western—
Bt. Joseph A Oil, Island ,
wt I. Air. A T. 11.......... .
St, Louis Shnthweetern.
T exas A Pacific..............
T oledo A Ohio f > rrltai..
Toledo Peoria A WestcU.
fol. Bt7 K .111 < I <.

1893.
9
I'
798.260!
175,416
124,434'
31.006
65.231
91,832
49 h ,000
180.188
89,797
8 0 ,-1 4

722,28 i
22,196
30,967
11,935
17,889
244.9*2
2,316

155.900
22.2-4
123,790

5,989

22.443
43.693
3*.1,20
7.570

093

1,950

1892.

S

844,915
185,5.51
125,859
37,780
66,013
93,591
496,000
198.913
104,*22
91,278
787,446
21,973
41,356
12.759
20,299
293.185
3,568
1 9 2300
23,691
130.657
7 ,(6 8
21.751
55,057
■18.672
10,241

7,778
5.1IC
88,037
20,111
5.319
4.Uri2
9,745
1
28,80: 1
4*1*445
57.80*!
150,233!
7 * .l i e !
51,601
217.7*,0
*83,482!
8.233
05,7281
177,619
13,597
15.65.1
230.07 g !
61,61s
46,0661
24,*005
20.910.
125,300
180,7501
85,410!
2 1 , 1 u»
3 0 .4 3 9 !

71,563
23,260
113.046
44,800
6,560
5,?03
101.151
27,012
i.ftoa
3,134
7,491)
68,101
35,001
4M>,ta
90
50.2S4
187,110
1.03,0; 2
55,500
2 !A,*0S
561.6*8
7.477
63,4-11
189,197
19,533
15,970
201,91 :>
49.61HJ
4 4,000
27.6O0
33.63C
I I I . 601
131.191
47,457
21, 2*
42,-53

D e cr e a s e

•
48.655
10,0 8
1,425
3,174
7 -2
6,759
‘ T.O'oO

18,725
15,615

1 .4-4
36

65.165
2,777
10,399
823
2,360
43.203
1,252
30.900
1,437

a t.7
.8
1.1 9
2,308

li,id

10,052
2 ,c 7 1
63
1,020

1,0.6

2,970
405

64,911
19,828
84,777!

In crea se.

25,161')
.......
............
2 ,2 1 _______

" h 'M 'i
3,131
28,269
2,022
66$
12,514

........
3,843
928
2,255

........
........
........
21,892
........
75(1
2,437

871

9,559
6,458
38,44ft
1,479

883
29,600
1,500
78,106
11,56?

938

.......
11,923
1,400

3 (9
22,837

2,800
3 .720

13,760
5,557
............
............
. -...a .

12.047
809
6,046

the issue of December 23.

,---- G r a ft E a r n i n g s . ------,,------X c i E a r n i n g s .
1893.
1802.
1893.
1892,
$
$
$
$
A t.T . A h . Fe.......b . O o t 3,705.090 3,941,427 1,460,372 1,309,486
Jan. 1 0 . Oct. 3 1 .. .82,474.883 32,670,937 10,107.847 9,969,395
July 1 to Oct. 3 1 ....1 2 ,9 8 5 ,9 5 0 14,689,350 4,650,815 4.986,911
8t. L. A Ban Ft . . h.O ct.
807,270
901,572
328,375
379,623
Jan. 1 to Oct, 31 . . . 7,216,756 7,481,112 2,442,837 2,839,865
July 1 to QeL 31. .. 2,690,859 3,506,512 1.698,745 1,504,004
Aggregate total b .O ct. 4,512,360 4,845,999 1,788,747 1,689,109
Jan. 1 to Oct. 3 1 ...
- 1 40.1 J8.093 12,550.I-Ml 12,809,260
July 1 to Oct. 3 1 . .. 19,876,809 18.195,8 6 5,740,560 6.490,915
Canadian P a cific.a ..O ct. 2,164/121 2,112,703
946,426 1,024,503
Jan. 1 to Out. 3 1 ...1 7 ,2 8 0 ,0 3 6 17.426,7x5 6,243,205 6,596,916
Chesapeake A O bloa Oct.
831,422
902,510
310.050
306,453
Jan. 1 to O c t 3 1 .... 8.378,355 8,288,820 2,632.428 2,272,647
July 1 to Ost. 31___ 8,431,505 3,722,930 1.244,937 1,265,724
Chic. Burl. A Q u ln .b .O ct 3,843,746 4,038,453 1,814.488 1,699,294
Jau. 1 to O ct 3 1 ....3 2 ,3 6 5 ,7 1 8 33.34a,223 11,256,702 11.553,519
Chic M.A S t.Paul.a. -Out. 3,922,658 3,717.620 1.891,343 1,493,791
Jan. 1 to O c t 3 1 ....3 8 .1 >7.77t 26.268,986 9 ,2 9 0 .4 3 1 9 ,0 9 0 ,0 8 6
.......................................
July 1 to Oct- 3 1 .... 11,947,406 12,741,843 4,134,708 4,439,312
3 3 4 ,8 8 9
3 2 0 .8 2 9
Clef. Clu. C. A 8b L .* O c t 1,256,480 1,351.060
Jau, 1 to O c t 4 1 .... 11.579.550 12,338,526 2,7 9 6 ,6 9 8 3 ,1 8 4 ,4 5 7
July 1 to O c t 3 1 .... 4,806,616 5,460,572 1 ,2 0 9 ,2 2 0 1 ,3 8 0 ,2 /2
6 ,1 8 2
4 ,660
16,811
Current R iver............ Oct.
14,045
68,388
28,399
166,721
Jan. 1 to u et. 3 1 ....
131,259
9 ,417
34,1 7 1
73,388
July 1 to Oct. 3 1 ....
46,018
4 ,376
2 ,5 5 0
7.032
Eureka Springs------Sept.
4,772
2 9 ,5 6 7
32,3 9 0
60,3 4 2
Jan. 1 to s e p t 3 0 ....
61,878
2 9 .1 1 8
17,8 4 6
7 3 ,0 5 8
Oa. South'd AFla.b.. O c t
68.650
161.708
91.309
621,367
Jau. 1 to O0 1 3 1 ---.
658.173
7 7 ,5 9 2
3 3 ,1 8 2
251 ,7 8 7
July 1 to O c t 3 1 —
243,179
19,741
25,954
49,692
ilou ft. K. A W .’Bax...Oct.
49,407
3 4 ,1 3 0
53,935
144,773
July 1 to Oct. 31. ..
138,414
7 1 ,8 0 4
9 3 .3 1 0
196,018
Iowa Central.........b .O ct.
201,306
415 ,1 6 8
523 ,8 5 5
Jan. 1 to Oct. 31----- 1,5 /4,403 1,5 7 1 ,9 0 6
217,319
256 ,4 7 6
6 9 5 ,5 5 4
July 1 to Oct. 3 1___
656,838
6 ,878
30.833
17,681
Kau.0, Clin. A Spr . O c t
34,851
8 0 ,2 8 0
110,285
270,111
Jan. I to O c t 31. ..
288.232
30,7 9 3
42,981
113,7.13
July 1 to O c t 3 i . . . .
110,043
154,107
1 5 3 ,9 5 4
491,497
K au. 0 . F t 8. A M . u .O o t
4 11.569
9 7 3 ,2 6 4
9. 6 ,354
Jau. 1 to Oct. : U .... 3.8 19,0 /0 4 ,1 2 5 ,2 7 0
456 ,0 5 4
3 7 7 ,5 8 9
1,715,273
July 1 to O ct 3 1 ----- 1,482,935
3 0 .7 2 0
32,739
114.757
KamO. Mem. A B.u . .O c t
108,060
86,022
112.190
9 0 6 ,-5 1
Jan. 1 to O c t 3 1 ....
880,056
30.891
40,2 8 3
332 ,0 0 9
July l to U et 3 1 ----341,773
823 ,8 8 2
0 96,201
Loulsv. A N ashv.b .O e t 1.619,532 2,0 3 8 ,1 5 2
Jan 1 to O c t 3 1 ....1 7 ,0 6 5 ,6 6 5 17,871,971 5 ,6 3 5 ,8 7 7 6,268,906
2,120,201 2,8 3 7 ,8 3 4
July l to Oct. 3 1 .... 0,346,958 7,807,423
1,927
2 ,0 4 9
Macon A Birmlug . ..O ct.
6,228
7,104
1,043
8,675
Jan. I to Oct. 3 1 ___
f>8,552
61.&65
3 ,6 5 1
3,989
July l to Oct, 3 1 ....
21,822
23,963
2 ,7 5 3 ,5 9 2 *1 ,0 16,686 *1,013,214
N.Y.L. E. A W est'n .c.O ct 2,722,118
168,484
7 9 .4 3 9
7 8 ,6 8 1
N. Y. Bus. A W eat-.b Oct.
168,580
6 4 7 ,5 8 9
658.762
Jau. 1 to Oct. 3 1 .... 1,479.910 1 ,4 4 5 ,0 4 314,691
14,1 6 8
30,543
Norfolk A Southern..O c t
35,630
130,898
125,089
357,653
Jun. 1 to Oct. 3 1 ....
363,024
3 2 8 ,0 8 2
300 ,1 5 3
043,594
Norfolk A Western a .O ct,
931.377
Jau. 1 to Oct. 3 1 ---- 8,405,478 8,180,381 2,4 0 7 ,7 6 2 2 ,467,573
Plllla. A R ea d in g ....O ct. 2.127,430 2.218,219 i ,053,161 1,0 4 3 ,7 8 6
•
Jltn. 1 to Oct. 3 1 . . . . 18,762.607 19,101,570 7,4 0 1 .9 8 6 8 ,4 9 3 ,0 1 3
D ec, 1 to Oct. 31. ...2 0 ,8 8 0 ,9 7 4 20,983.091 8,114,091 9 ,2 7 9 ,-/2 4
3 1 1 ,0 1 0
3 0 8 ,3 5 9
Coal A Iron C o.........Oct. 2,923,023 2,076,865
8 5 5 ,1 4 3
0 (7,209
Dec. I to O c t 31 ..21,622,709 19,784,718
_______________________ 1 ,3 5 4 ,8 0 2
1.411,520
Total both Co'a...... Oct. 5,051,053 4,325,083
Dee. l to d ot. 3 1 . .42,303,683 40,737,809 9 ,1 1 1 ,3 0 0 10 ,1 3 4 ,3 6 9
southern Pacific Co.—
.
5 7 5 ,9 3 9
5 8 8 ,7 9 3
Atlantic system .u .O ot. 1 .379.7 / 1 1,408,868
Jau. i to OCt. 3 1 .1 0 ,5 5 5 ,7 8 2 10,500,813 2 ,827.2.(0 2,64-1,172
________
Pacific system .b . . .Oct. 3.332,000 3,452,083 1 ,5 9 7 ,0 0 0 1,5 5 8 ,1 7 6
R oa d s.

Jaii.T to O c t 31 .■.20,581,809
Total of all b
.O ct. 4 ,711,751
Jan 1 to O Ct 31 ..4 0 ,1 3 7 ,5 9 1
Wabash
b
....O c t . 1,403,703
Jau 1 to Oct. 3 1
11,628.078
July 1 to Oot. 3 1 _
_ 5,0 9 4 ,0 2 2

20 ,8 9 7 ,9 4 3 11,734,267 11 ,9 8 8 ,6 7 8
4 .860,951
2,1 7 2 .9 3 9 2 ,1 4 0 ,9 6 9
4 0 ,3 9 8 ,7 5 6 14,o61,5o7 1 4 ,6 3 2 ,8 5 0
1,4 1 1 ,7 8 0
4J-9/303
4 2 9 .8 0 7
1 1 ,8 30,712 2 ,7 2 0 ,7 9 8 2,872,32.x
5 ,3 48,652 1 ,336,777 1 ,5 1 7 ,1 4 *

THE

938

C H R O N IC L E .

[You LYI.

.----- G r o ts E a r n i n g s .— .----- R et E a r n i n g s .—
.
1 8 93.
R oad s.

S

1892.

$

W kitebPstF uelCo— O ct..............................................
Jan. 1 to Oct. 3 1 ....................................................
July 1 to Oct. 3 1 ....................................................

1893.

$
20,6 8 6
132,975
49,522

1892.

*
7 ,7 1 6
66.9 8 9
22,790

a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
c Net earnings here given are after deducting taxes on property.
* After deducting proportion due roads operated on a percentage
basis, net in October, 1893, was $ 7 5 3 ,9 6 6 , against $ 7 5 8 ,6 4 6 in 1892.

A N A R P R S
N U L
E O T .
New York Lake Erie & Western Railroad.
(F o r the year ending Sept. 30,1893.)

The company went into the hands of receivers on July 26,
1893. Mr. John King, President and receiver, remarks in his
report that the contract under which the Lehigh Valley Rail­
road Company had used this company’s tracks between
Waverlv and Buffalo since 1876 was terminated on August
Interest Charges and Surplus.—The following roads, m 31, 1892, so that eleven months of the operations under that
addition to their gross and net earnings given in the foregoing, contract were included in the report for the fiscal year ending
also report charges for interest, &c., with the surplus or deficit September 30, 1892. For those eleven months the revenue
accruing to this company from that source was $1,207,668,
above or below those charges.
During the present fiscal year this company has received no
Inter*t, rentals, dc.->*—Bal. o f Net E arns.— benefits whatever from that contract, but itself supplied the
.
1893.
1893.
1892.
1892
local coal trade along its lines with its own coal, and has
Roads.
*
$
$
$
thereby to a large extent overcome the loss, as it will be seen
94 2 ,0 0 0
558 .3 7 2
919 ,0 0 0
465 ,4 8 6
Atch. T. & 8. F e..........Oct.
July 1 to Oct. 3 1 ___ 3,7 6 8 ,0 0 0 3 ,6 7 6 ,0 0 0 1 ,112,815 1,610,911 that the decrease in net earnings was but $202,890.
The N^w York Pennsylvania & Ohio Railroad showed gross
275 ,0 0 0
43,375
2 8 5 ,0 0 0
101,623
8t. L. & S . F............. Oet.
40 1 ,0 0 4 earnings for the year of $7,379,349, an increase of $169,632
July 1 to Occ. 3 1 ___ 1,1 4 0 ,0 0 0 1,1 0 0 ,0 0 0 def.41,255
60 1 ,7 4 7
5 7 0 ,1 0 9 over 1892, and net earnings of $2,059,960, an increase of $266,Aggregate total — Oct. 1.2 2 7 .0 0 0 1 .1 9 4 .0 0 0
July 1 to Oct 3 1 . . . . 4 .9 0 8 .0 0 0 4 .7 7 6 .0 0 0 1,07 L,c 60 2,0L 4.815 590, or 14 87 p. c., over 1892.
The proportion applicable to
830 ,0 0 0
815,075
884 ,2 1 9 lessor on the basis of the provisions of the lease was $2,257,9 8 4 ,4 8 8
Chic.Burl.& Quincy.-Oot.
Jan. 1 to Oct. 3 1 ___ 8 ,3 0 0 ,0 0 0 8 ,1 50,751 2 ,9 5 6 ,7 0 2 3 ,4 0 2 ,/6 8
057. showing a loss for the Erie of $197,106, a decrease of
222,768
2 1 7 .2 6 4
104,061
117,625
AClev.Cin.Okie.& 8 1. L .Oct.
895 ,1 0 5
876 .9 5 5
314,115
509.3L7 $228,781 compared with the loss in 1892. The result of oper­
July I to Oct. 3 1 ___
ating this road under the provisions of the lease from its com6,692
6 ,6 9 2 def.2.032
d ef.510
Current River.............Oct.
mnneement, May 1, 1883, to September 30, 1893, has been as
26,768 def. 17,351
26,768
7.403
July 1 to Oct. 8 1 . . . .
follows:
4,045 def.6,760
13,638
13.638
K an. C. Clin. & Spr. Oot.
July 1 to Oct. 3 L----K an. C. Ft. 8. & M .. .Oct.
July 1 to Oct. 3 1 ___
K an. C. Mem. & Bir. .Oct.
July 1 to Oct. 3 1 ...*

54,552
90,7 6 6
359 ,7 8 0
39,969
158,152

54.5 5 2 d e f .ll,5 7l def.23,759
90,699
68,1 8 8
63.7 0 8
3 68,081
17 80O
87.973
38,2 4 6 def. 7 ,2 30 def. 7.5 26
1 51,262 df. 117,889 df.120,371

New York New Haven & Hartford.—This railroad reports
to the Massachusetts Railroad Commi ssioners for the quarter
ending September 30 as follows :
1892.
Gross earnings.......................................................... $ 4 ,3 3 7 ,3 5 5
Operating expenses................................................ 2,5 8 5 ,9 8 3

Profit, for the first five months to Sept. 3 0 ,1 8 8 3 .....................
Loss for the year 1884 ..............................................
$2 7 0 ,2 8 1
Loss for the year 1835 ..................................... .........
23 9 ,8 2 0
Pr- tit for t he year 1886 ............... .......................................................
Profit for the year 1 8 8 7 ........................................................................
Loss for the year 1 8 8 8 ........................................
.
343 ,9 1 1
Loss foffthc year 1 8 * 9 ................................................
3 3 1 ,1 3 4
Profit for the year I 8 9 0 .......................................................................
Loss for the year 1891.................................................
1 9 ,5 8 6
l.oss for the year 1 892 ..............................................
4 2 5 ,* 8 8
Loss for the year 1 8 9 3 ................................................
197,106

$19 9 ,5 4 0
51,3 2 2
91,965
7 7 ,3 7 6

1893.
$ 7 ,0 6 9 ,6 7 2
4 ,8 7 2 ,0 8 4

Making a total loss o f......................................... $ 1 ,4 0 7 ,5 2 5
Mr. King remarks: “ The onerous character of the lease has
Net earn ings................................................
$ 1 ,7 5 1 ,3 7 2
$2 ,1 9 7 ,5 8 8
been shown in former reports. Iu any readjustment of the af­
Other income................................................................
9 5 ,2 1 4
87,572 fairs of the Erie system some proper modification of the terms
of this lease should be made, and a financial olan adopted
Total in co m e ....-......................................................$ 1 ,8 4 6 ,5 8 6
$2,285,161
Charges...........................................................................
6 1 8 ,0 0 7
1 ,383,235 whereby funds may be obtained upon the security of the prop­
erty, without materially increasing the annual burdens of the
Surplus......................................................................... $ 1 ,2 2 8 ,5 7 9
$9 0 1 ,9 2 6
N. Y. P. & O. Company, and which, judiciously expended
Philadelphia & Heading.—The statement of earnings for thereoo, would place that line in a condition to successfully
compete with its rivals.”
October and for the eleven months of the fiscal years shows
The Chicago & Erie Railroad’s fiscal year ends upon the 30th
the follow ing:
of June; the second complete year of its operation was that
---------- October.----------* /-----jDec. 1 to Oct. 3 1 .--------- ending upon June 30, 1893. The gross earnings were $2,916,1892.
1893.
1891-32.
1892-93.
901. As provided in the income mortgage, 27% per cent of
R ailro ad C om pany —
$
$
$
$
this sum is applicable, first, to interest on the first mortgage
Gross receipts................
2 ,248,219 2,1 2 7 ,4 3 0 2 0 ,98 ',0 9 1 20,8 8 0 ,9 7 4 bonds; second, to interest on income bonds.
Gross expenses................ 1 ,2 04,433 1 ,0 74,269 11,703,867 12,466,883
Net earnings............. 1 ,043,786
Other net receipts..........
76,838

1,053,161
54,7 7 8

T o ta l............................ 1 ,120,624
Deduct—
Equipment paym ents..
97,8 9 2
Terminal traokage.........
..............
Im provements............. ........................
Proport’n year’s ch’ges. 6 2 5 ,8 4 0

1 ,1 07,939

9,7 9 2 ,7 7 1

8,9 6 8 ,6 9 5

57,7 9 3
50,0 0 0
30,808
6 7 5 ,0 0 0

1,6 6 3 ,5 4 6

2 7 13 per oent of $ 2 ,9 1 6 ,9 0 1 equals ................................................... $ 3 0 2 ,1 4 7
Deduct interest on first mortgage bonds......................................... 6 0 0 ,0 0 0

1 ,4 25,013
350 ,0 0 0
103,634
7,4 2 5 ,0 0 0

9 ,2 7 9 .2 2 4
513 ,5 4 7

8,414,091
5 54,604

Leaves applicable to interest on income bonds..........................$ 2 0 2 ,1 4 7

—from which amount 2 per cent was paid to holders of the
$10,000,000 of income bonds on October 2, 1893. Dividends
were received of 4% per ceDt upon the $1,000,000 stock of the
Chicago & Western Indiana Railroad Company and 4% per
6,8 8 4 .2 4 9
cent upon the $240,000 stock o f the Belt Railway Company of
Total.............................
723 ,7 3 2
81 3 ,6 0 1
8 ,5 4 7 ,7 9 5
9,3 0 3 ,6 4 7 Chicago belonging to this company. Under the plan of reor­
Burplus................................
3 9 6 ,8 9 2
294 ,3 3 8
1,2 4 4 ,9 7 6 d ef.334,952
ganization 82,000,000 of first mortgage bonds were reserved for
Co a l & I ron Co .*—
betterments and improvements and for acquiring equipment
Gross receipts................. 2 ,0 7 6 ,8 6 4 2,9 2 3 .6 2 3 1 9 ,7 54,718 2 1 ,6 22,709
Operating expenses___ 1,6 6 2 ,4 2 5 2 ,4 8 9 .8 1 3 1 7 ,8 81,860 2 0 ,2 0 9 ,6 0 2 for the road. These have been expended for such purposes
with the exception of $217,000 which are reserved to provide
Net earnings............ 414 ,4 3 9
4 3 3 ,7 8 0
1,8 7 2 ,8 5 8
1 ,4 13,107 for the balance due to the United States Rolling Stock Com­
D e d u c t—
pany for equipment, $193,395.
Colliery improvements?*
93,6 3 0
72,271
9 11,069
659,855
In conclusion Mr. King says that “ owing to the stringency
Perm an’t imp rove m’ ts.
9 ,793
106,644
3 ,150
5 6 ,0 4 4
ProporVn year’s ch’rges
88,402
97,521
972 ,4 2 6
1 ,072,733 in the money market and the consequent inability of the com­
pany longer to carry its floating debt without great sacrifices,
191,825
1 7 2 ,9 4 2
1 ,9 9 0 ,1 3 9
1,7 8 8 ,6 3 2
T otal..........................
as also to the general depression in business, the company was
Balance............................s u .222,614 su .260,838 def. 117,281 d e f.3 7 5 ,5 2 5
placed in the hands of receiversin July last. It will be neces­
P. & R . and C. & I. CO.—
sary for the board of directors to devote its early attention to
Balance of C. < I. C o ..su .2 2 2 ,6 1 4 su .260,838 d ef.1 1 7 ,2 8 1 def.375.525
fe
Surplus of Railroad Co. 3 9 6 ,8 9 2
2 9 4 ,3 3 8
1,2 4 4 ,9 7 6 d e f.334,952 the preparation and promulgation of a plan for the readjust­
ment of the financial affairs of the company which shall in­
Bal. both oom Danies.su.619,506 su .55 5 ,176
1 ,1 2 7 ,6 9 5 d ef.710,477 clude the discharge of the present floatiug debt and provision
for a reasonable amount of capital to be expended annually
•Adding to the Coal & Iron Co. deficit for the year 189 2 as above during a limited number of years in the improvement of the
stated ($117,281), the sum of $ 2 1 7 ,5 1 7 , which was deducted from the
property. For while it is true that the Erie system has a large
expenses of M ay, 1 8 92, the deficit to October 3 1 , 1892, would be earning power, it is also true that during its past it has been
$33 4 ,7 9 8 .
greatly over-capitalized, which condition has never failed to
embarrass the company in its laudable eff orts to adequately
Railroads in New York State.—The following have re­ meet the requirements of its patrons and [he public and to
ported to the State Railroad Commissioners for the quarter successfully compete with the rival trunk lines.”
The statistics of operation below, compiled for the C h r o n ­
ending Sept. 30:
------- Long Island
a /
—Lehigh d Hud. R .s i c l e , include the New York Pennsylvania & Ouio and all
k
1 8 92.
1893.
1892.
1893.
leased lines, as do also the gross earnings; the percentages
$
$
$
$
due these roads, however, have been deducted before making
Gross earnings....................... 1,5 2 2 ,2 9 3 1,4 5 0 ,5 1 5
1 2 1 ,0 4 0 14H,056
the
Operatiug expenses............. 87 5 ,3 9 6
827,363
68,1 9 8 9 i,6 9 J net earnings.
OPERATIONS.

Net earnings......................
Other Income........................

645 ,8 9 7
5 9 ,7 9 7

Total..................................
Interest, taxes & rentals..

7 0 5 ,6 9 4
238 ,0 4 4

Surplus.............................

4 6 7 ,6 5 0

6 2 3 ,1 1 7
51,4 4 8
674,595
2 5 8 ,8 2 5
415,770

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

4 9 ,3 6 4
..........
4 9 ,3 6 4
3 1 ,6 5 0
14,714

1890-91.
1891 -92 .
1892-93.
Miles operated Sept. 3 0 ........
1 ,698
1 ,7 0 0
1 ,700
Passengers carried .............
1 3 .7 5 6 ,2 9 2
13,8 7 4 ,6 3 7
14 ,1 2 1 ,5 4 6
Pas-eiiK -r vuilcase................. 3 6 7 .660,602
365,u 63,104 3 8 8 ,4 3 8 ,1 9 4
Freight (tons, m oved_____. . .
2 4 ,9 1 1 ,6 9 6
2 6 ,0 71,151
24,130,136.
Fieight (tons) m ileage.3 ,6 4 0 ,6 3 3 ,8 4 4 3 ,9 9 0 ,3 8 5 ,6 7 4 8 ,5 5 1 ,8 6 1 ,6 8 3

IHE CHRONICLE.

D e c e m b e r 2, 1898.]
EARNINGS AND EXPENSES.

1890-91.
$
15.142,630
7 , 717,1-10
6,940,112
299.140
450,511
540,776

1891-92.
*
16,103,615
8,280.537
5,721,313
300,255
445,707
462,437

1892-93.
$
14,461.339
8,158,157
6,107,799
317,0 1
508,031
440,813

T o ta l grogs earn in gs___
rrr/p n p a i d le a s e d t h u s —
N. v . Penn. & O h io.................
B uffalo st Southw estern . . .
Sospetisioi, Br. & E . J u n o ..
P aterson & N ew ark................
N orthern o f N ew J e r s e y ., . .

3 0 ,0 9 0 ,6 9 9

3 1 ,2 0 1 ,7 8 4

2 9 ,9 9 3 ,1 6 0

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

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

2 ,2 5 “i ,0 6 7
1 2 9 ,4 9 2
7 5 ,2 5 0
5 0 .5 4 2
It 2, i -3

T otal paid leased lin es..
L eavin g a s gross r e v e n u e ..
O p e ra tin g e x p e n s e s —
M a ln ten a t or
w a y ...........
M ain ten an ce o f e a r s . . . ........
M o tiv e p o w e r .............. .........
T ran sp o rtatio n e x p e n s e s .. .
G eneral e x p e n s e s ....................

2 ,5 6 7 ,0 0 0
2 7 ,5 0 3 ,6 3 3

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

2 7 ,3 4 0 ,6 2 6

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

3 2 3 1 ,7 6 6
2 .2 0 4 .7 1 5
6 . .’9 1,277
9 ,2 1 4 ,0 9 7
5 I s ,9 2 9

T o t a l .......................................
N et earn in g*........................... ..

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

2 1 ,4 6 6 ,7 8 4
7 ,1 6 6 ,9 5 7

E a r n i n g s , t n e l 'g a il le a s e d
tin es a n d b ra n ch es—

General freight.....................
Coal.
Paasoneer.......

M all..................

Express.........

Miscellaneous

2 ,6 5 2 ,5 3 4

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

■COMPARATIVE STATEMtNT OP PROFIT AND LOSS FOR FISCAL TEAKS
ENDING SEPTEMBER 3 0 .
C r e d its —
B arn *, m ain lin e & branches
W ork in g e x p e n se s...................

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

1 8 9 1 -9 2 .
$
2 8 ,6 3 3 ,7 4 1
2 1 ,4 6 6 ,' 8 4

2 7 .3 4 0 ,6 2 8
2 0 ,1 4 - .7 7 $

N et ea rn in g *.......................
P a r o a ia f e z r im e a r s Jogs . . .
Im p re st cm s# o u ritte^ .. . . . . .
O th er cred it i t e m s ..................

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

7 ,1 0 6 , 5 7
398 566
8 1 0 .5 5 7
4 3 1 .7 1 $

7 ,1 9 2 ,8 4 $
4 0 8 ,6 9 1
3 2 0 .0 29
3 1 4 .9 8 5

T o ta l cre d its......................
D eb it* ~
PaTODti* frrrtes ^ x p h m h m . . .
In terest on f u n d e d d e b t , ___
<m Ion* «
. . . . ___
l a x ts ttn i o n m o n g u g m , & c ..
______
iM t e r t u t o o
BonCAia o f
.linen. . . . . .
T a x e s ................ ............................
C la im * o f p rior t e a r s . . . . , . , .
O th er d e b it i t e m s ___ . . . . . . .

8 ,2 9 9 ,7 3 0

8 ,3 0 7 ,7 9 8

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

3 2 7 ,9 2 2
4 .6 8 0 ,7 8 1
1T 6.-> i3
9 ,2 7 5
3 0 3 830
1 ,6 0 9 ,6 7 3
1 2 s .4 «
8 9 ,3 7 5
246, m e

3 1 2 ,-6 0
4 ,6 0 0 .7 - 1
1*29,087

T otal de b it*..........................
S u r p lu s ..........................................

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

7 ,5 7 4 ,5 3 9

7 ,3 1 9 ,3 1 8
9 1 7 ,4 3 8

1 8 9 2 -9 3 .

7 3 3 ,. 5 9

M oo

2 5 4 .( 5 1
J , 6 1 1 .1 - 6
1 4 2 ,6 5 1
4 8 ,6 0 9
1 2 9 ,5 - 1

Below are civ. d the balance sheet of the Comnnnv to 8 -pt.
■ 0 ami also the Bee. iv.rs.' balance sheet- July 20 to Sept. 30.
5,
The total of assets a"d liabiliu s as reported on the Company's
balance sheet ($im1,075,8511 is smaller than the fc.ial Sept. 30.

1893. (1182,497.242). this being accounted for by the exclusion
of cer ain items from the Company's account since the Re­
ceivers took control and their inclusion in the Receivers*
balance sheet,

■OMPANY** CONDENSED BALANCE SHEET SEPTEMBER 30, 1993.

837

RECEIVERS' CONDENSED BALANCE SHEET SEPTEMBER 30, 1893.
A s sets.

Construction and betterm ents........
Advances to N. T. L. E. & W. Coal & BaUroad'Co..............
Advances to other com panies.............................................*”
C u r r e n t a s s e ts
.....
Materials and supplies on hand, at shops and on r oa d ...
Due from freight and passenger agents and others, for
freight and passenger rtausp’ tion (collectible in Oct,).
3 . Y . Peuua. 5t Ohio RR-, Co. for improvements, eto..

Bills receivable........................................ ...............................
Due from various individuals and companies."."$248j784
Le.-s amounts due to im livid’ s and com panies. 18,529—
Ca-h tin deposit m New Y ork................................ 541,552
Cash on deposit in Loudon to pay coupons.......
3,657—
Total current assets.............................................................
.
Cornuig nt assets—E ric Coal companies, e tc_____ _
New York Lake Erie & Western RK. c o ................................
Total assets . . . . ................................ ; ................... ..

• hl7A*'> & Kilo HR. C o..................... .....................................
B. Y. Peoaa, A
bio RR Co. fo r permanent fmpr ivemen** an a i ' Uei n e a ts under the lease._____
Bills I f t s if s t is .* ..
. ... ....
. . . . . . . . . ...
C ue from Tattoos Individuals and companies. . . 8 7 5 5 , 7 8 0
lo »* stnoulits duo to Individuals suu eorupsbirs 0 0 similar seeouats . . . _____ . . . ____ 1 3 1 5 9 2 —
Cash on deposit in I-onnou to pay c o u p o n s,,.
”
Total current assets..........................................

Contingent ,ssets-

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

Other coaH>»me» for a d vances......................... .........
him try individual* ami com panies........ .............
.......
Krlo coat coaipauler. e t c ................................................ ......

1 (,n ~ - A ,
gtt <?« >
297*742
'

574.194
1,882
s , t)77 „„»{
fp s i l2 1
'

1 ,7 1 4 ,6 4 0

.....................................
77,643,-95
22,298

.........................................................
4 ' 15- -6T<1
8
7,095
Interest on funded d e b t;
'
......... *.............................
Due and ttiipsl.t ................................... ............. $124,961
Aeerncd but n, t son .........................................1,188 4 '-i3 — 1,317,453
Interest other than on the bond* «r the C o ....
120,037
Rental.* of leased dues :
Due and i»r,p«id .................................................. $215,118
A cirued hut to t d tt-,................................. ...... 361,921—
607.P39
Trarne bole re** tin* to other road*, fr c le h f......................
42C,t 1 5
Aratnc nalaiu’e -d o e tooth er rood*, passenger....... ........
10.01 5
Mura sci’ ui!" to other road.* less due trims other road*.
2 5 9 ,4 0 2

e ...............................

The annual report of President Wm. J. Palmer will be
found at length on subsequent pages.
The comparative cable* for four years ending with Juno 30
have been compiled for the Chronicle in the usual complete
form as follows:
ROAD and equipm ent .
1889-90. 1890-91.
.................
363
428
Miles leased.
18
T o ta l.....

I..oeoinotlv-o« .................

Pas*., wall Jt exp, m m
r
•freight cars.
...................

Total.

87
10

89

1891-92,
4'H
18

1892-93.
511
18

512
70
56
709
15

529
74
56
708
15

410
74
52
1,186
30

OPERATIONS AND PI8CAL RESULTS.
O p e r a tio n s 1889 90.
1890-91.
1891-93,
1892-93.
Passengers ca rried ----175,699
229,603
274,850
2 9 3 ,4 3 9
i'..-»eugar m ileage.......2 2 ,9 3 1,1 9 1 29,050,793 33, >79,531 3 3 , 9 4 ,3 5 4
Kate |»*r nan*, per mile 2 03 m .
2-29 ct».
■-0 8 ota.
2
I -9 9 ota.
Hrelsat(to#*) u m v e l .
3*2,502
589.2U9
o r * ,!!*
612.284
6 6 7 ,1 5 1
Freight Itouui m ileage.61,488,010 81,812,208 106,260,227 1 0 0 ,8 9 4 0 9 9
Av ratopertu n p .m lie. 2-727 ct*. 1 954 cts.
1-712 ota.
1 0 9 ota.
E a r n in g s —
$
a
«
*
P .s - e u e e r .....................
471,010
634,775
700,»01
660,834
H/e «ht ......................... 1.067,202 1,596,015 1,819.860
1,710,718
Mall, express, A c ........
8i.u 21
111,340
134,040
124,861

1,632,233

O p e r a tin g e x p e n s e s —

Stan t ence o f way. ,to.
Maintenance » f equip.
T r-n sp oi’ n expense*-.

Contingent ..............

Gen’1, tares and inaur.
Total.........................
P. o. op. exp. to earns.

2,346,130

2,643,924

2,496,161

223,174
174,114
6 0,871
2:1,0. 9
107.296

311,164
2 14,966
790,107
24,115
147,078

399,332
2 '3.172
922,523
2-.2.10
180.150

361,641
195,511
904,295
21,666
190,622

,132,614 1,491,610
489,719
854,520
69*81
63*58
INCOME ACCOUNT.
1889-90.
1890-91.

1,733,427
910,497
05 56

1,073,728
822.733
67 05

1891-92,

1892-93.

480,719
30,988

854*520
2,262

910*197
18,074

822,733
23,734

520,637

856,782

920,571

818,467

8.762
393,500

14,400
535,500
255,369
744

31.512
560,090
3 1 2 ,3 -9
5,603

36,530
580.000
312.416
24,027
932,973
df. 88,506

R ece ip ts—

Net earnings..
Other receipts.
D is b u r s e m e n ts —

Rental* pot 1
.............
I a n-ro-t -m d e b t____ _
ld vid en d s.......................
M isceHsaeous...............

#173 423 ” 22

v ^ a i.v sa

.$ ltl,9 7 5 ,8 5 1

2,331

18 0 2

A ssets—

fina l and equipm ent. ............................$ 2 7 ,8 3 4 ,4 5 5
Storks und bonds ow n ed ...........................
2 ,-2 8 ,2 1
l pmpuuy's bonds in treasury...................
2 , 0 0 0 ,0 0 0
llu t io Kauga Ky. betterm ents............................. .........
C a-h ................................................................
409,318
Duo irom agents, individnsla, & o............
186,631
Bteol i n il-on haud....... ..............
Materials........................................................
246,231
Miroeliaueoue............................. .......................................
Total
.................................................. $33,894,876
L ia b ilitie s Common stock ............................................ $10,000,000

Temporary loan Total current llatdUtie*..................................
$8 71 i ''2 0
Receivers New York Lake brie A Western RK........... * 7 0 ,719
6
‘
,

’

Rio Orande Western Railway.

1,739,027 I iS^f,V^.V

P r o fit *Bd it'«* a a r td w e t p t c a i i m i d , t m i l l V . l V . l l Z V " . ' .

6791719

C F or the y e a r en d in g J u n e SO, 1S9S.J

1 qisoonr

L ia b i l i t i e s .

M u ^ d w T .T '''

545 2 0 9
* 3 403 §57
*28 4*66 9

T otal...................
404,613
800,013
’ 909,519
Surplus...........................
116,044
116,041
50,769
19,052
CONDENSED BALANCE SHEET JUNE 30.

***9<<,

Total contingent assets.................................... .................. * 3 .6 8 1 « 6 0
Total assets.................... ....................................................$181,973,851

C u r r e n t U at u n t i e s - ...................................................................

£ 2 751

230,255

Rentals of leased lines, accrued but n ot due...............
SG23 3 3 3
Traffic balances, freight, due to other roads, less due
from other road*....................................................................
104,405
Traffic balances, passenger, due to other roa d s."” *".".1”
73,851
v bongo due to other roads, less due from other road s
>
. ,. „
111.615
Pay rolls for September payable in O ctob er;..........
*
1,003 434
Audited touchers fo r supplies, etc.:
September vouchers ...........................................$426,744
Previous to S e p te m b e r .................................... 269,704—
696,418
Miftoeiiaueotui . . . ......................
1,081
Total current liabilities............ ....................................... $2 6 1 4 1 6 9
Chicago A Erie Railroad C om pany.................................................. *122,687
Total liabilities ...............................................................
*2,73(5.856
Profit and loss, surplus, July 26 to Sept. 30, 1893..............
1,637,941
Tocal................................ - ...................................................
$4,424,798

ASSt Is

Cost o f r n d in d appurtenances........................... ................. $170,672 a32
Storks o f other com panies ow ner)......................................
3 t*-» t a a
Bonds of other Comp.iiie* o w srt].....................
.............
*5 711 * * 5
2
O i E S t to J k !
* &
i M , .v »o
Advances. i a other coBiiiaDie* c<ml * E* Uro» d c «
319.043
C u r r e n t a ss> ‘

1,749.631

’

L ia b ilit ie s .

C u r r e n t lia b ilit ie s —

®w 070
9578
12 695
,
835 014

IIII le.ooo’.ooo
..

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

Vo..otters, pay-rolls. * c .........................

Due to tuber road* and individusis . . . . .
Inicrest due and accru ed ...........................
l a i c s ..............................................................
L ivid l,d s .
..........................................
I quipm int destroyed..................................
Profit aud ioas blits tu -o..............................

289.874

35 517
289,000
34,929
78,lt*l
10,997
260,454

Total........................................................ $33,591,876

1893.
$27,970,919
2,39 i . 213,
2,000,000s
164,016
4S6.420
138,364
144,528
171,233
37,095
$33,955,818
$10,000,000
6,2*0,000
16,o00,000
741,000
85,000
281,249
85,434
299,566
32,500
78,106
14,409
86,154
$33,905,818

93 8

THE

C H R O N IC L E .

rvou l v i l

“ Such is Dot the case, as the following figures of the shipment of

precious .
G N R L IN E T E T N Wores in pounds for the months and years indicated will show:
E E A
V S M N
E S

Boston & Maine.—The Boston H era ld reports the following
as the “ Street” rumor concerning the sale of bonds by this
company. That the company has sold to a New York house
representing a syndicate §6,000,000 Boston & Maine 50-vear
gold 4J£s at a concession from par, also $1,000,000 Connecticut
River 4s ; also a block of Boston Lowell 4s; and it is re­
ported that enough St. Johnsburv & Lake Champlain bonds
are involved to bring the total up to $9,000,000. Receipts
were to be delivered December 1 and bonds later.
Boston & Maine—Concord & Montreal.—The Boston papers
report that a deal is about to be consummated by which the
Boston & Maine Railroad will lease the Concord & Montreal
for a long term of years. Only the perfection of minor details
remains to complete the deal. The Boston & Maine Railroad,
as reported, will guarantee to the stockholders of the Concord
Railroad such sum as will equal the dividend of 10 per cent
paid for some years by the Concord Railroad.
Chesapeake & Ohio.—At the annual meeting of the stock­
holders of the Chesapeake & Ohio Railroad Comoauy in Rich­
mond the following directors were elected: M. E. Ingalls, W.
P. Anderson, Chauncey M. Depew, C. H. Coster, George T.
Bliss, Charles B. Dickey, Jr., Samuel L. Spencer, Decatur
Axtell and Henry T. Wickham. Mr. Depew was chosen in the
place of Mr. C. P. Huntington.
Chicago & Northern Pacific.—A circular was recently
issued by Messrs. Geo. M. Troutman, Henry W. Brown and
Evans R. Dick, the Philadelphia committee for the bond­
holders of this company. In this circular it is stated that there
is danger in a reorganization that the interests of the C. & N.
P. first mortgage bondholders may be made subservient “ in
the effort to protect interests larger, but quite foreign to the
C. & N. P. Company.” The committee claims to represent
investment holders entirely and desires to have a reorganiza­
tion in their interest.
The committee expresses confidence
in the value of the property and the possibility of arranging
rentals so that they will be sufficient to pay interest. The
New York address of the committee is F. J. Lisman, 30 Broad
St.
Columbus Shawnee & Hocking—Sandusky & Columbus
Short Line.—Meetings of the stockholders of both these
companies have been called for Dec. 30th and 31st to ratify a
proposed plan of consolidation. The plan provides that
that consolidated 5 per cent gold bonds shall be authorized for
$10,000,000, and a sufficient amount set aside in the hands of
the Mercantile Trust Company to provide for the payment of
all underlying bonds and to provide for the payment of car
trust notes. The amount of bonds then left in the treasury
will be $1,141,000. There will be $6,000,000 of 5 per cent noncumulative preferred stock to be exchanged for the $3,000,000
of common stock of the S. & C. Short Line Co., and the
$3,153,067 of the preferred stock of the C. S. & H. Railway
Co. The balance, $847,933, will remain in the treasury ;
$4,000,000 of common stock will be authorized, $3,341,067 of
which will be exchanged for a like amount of the common
stock of the C. S. & H. Railway Co., leaving in the treasury
$1,758,933.
For the purpose of providing equipment and placing its
financial affairs on a firm basis, the Consolidated Company
offers for sale $750,000 of its surplus bonds. Each owner of
the 5 per cent bonds and the preferred stock o f the Columbus
Shawnee & Hocking Railway Company, and each owner of
the 5 per cent bonds and stock of the Sandusky & Columbus
Short Line Railway Company, will be entitled to subscribe
for these bonds at 90 and interest to the extent of 5 per cent
of their present holdings. Common stockholders of the Col­
umbus Shawnee & Hocking Railway Company to the extent
of 3 per cent of their present holdings. Said subscription to
be payable in five monthly instalments.
The results of consolidation will be that the company will
own a line of railway from the coal fields of Central Ohio to
the Lakes at Sandusky, thereby putting the road in position
to handle a largely increased tonnage much more expeditiously
than heretofore, with far better returns from its equipment
and giving better service to its customers.
Denver & Rio Grande.—At the banquet of the Denver
Real Estate & Stock Exchange held in Denver on the 17th of
November, Mr. E. T. Jeffery President of the Denver & Rio
Grande Railroad made some interesting and pertinent re­
marks. Pie predicted coming prosperity for Colorado, and
gave facts and figures in support of his belief. As reported
by the Denver Times, Mr. Jeffery said in the course of his re­
marks :
" A system sncli as the Denver A Rto Grande in a State like Colorado
•with a terminus for the system such as Denver is an un tailing index
o f the fluctuations of business, the movements of commerce, the de­
pressions and advances of trade. In July the earnings of this system
of railroads, which ctmprises.-hoar in mind, nearly one half the rail­
road mileage in your State, amounted to *4 7 8 ,0 0 0 ; in August, $484,000—about one-half what they were in August, 1892. In September
they increased to $57 8 ,0 0 0 , nearly $ 1 0 0 ,0 0 0 more than for the month
of August. In October we estimate them at $ 6 7 5 ,0 0 0 . or $10 0 ,0 0 0
more than for the month of September. And yet. with that growth in
earnings and consequent growth in traffic and in trado throughout the
State, they are still *1 4 0 ,0 0 0 less than for October, 1892.
“ We all recogDize that the great factors in this State are silver-min­
in g and gold-miuiDg. The greatest industries we have are these two.
Therefore a comparison of them for the last four mouths will show
whether or not we are gaining in commerce, trade and general pros­
perity. The idea prevails, and it is but natural that it should be so,
that silver-mining has largely, verv largely, decreased, that the carm age of precious ores is almost a thing of the past,

1892.
1893.
July .................................................................................4 3 ,0 0 0 ,0 0 0
2 1 ,0 0 0 ,0 0 0
August ...........................................
4 9 ,0 0 0 ,0 0 0
3 1 ,0 0 0 ,0 0 0
September....................................................................... 5 2 .0 0 0 ,0 0 0
5 4 .0 0 0 ,0 0 0
October.............................................................................4 9 ,0 0 0 ,0 0 0
5 0 ,0 0 0 ,0 0 0
“ Tbe growth, therefore, has been from July of this year 2 1 ,0 0 0 ,0 0 0 ,
to 50 ,0 0 0 ,0 0 0 in the mouth of Ootooer.
"T h e total ooal tonnage of the system, bituminous and anthracite, for
the same months, was as follows (in pounds):
1892.
1893.
July ..................................................................
1 2 1 ,0 0 0 ,0 0 0
1 0 2 ,0 0 0 ,0 0 0
A u cu st...............................................- ................... 1 5 1 ,0 0 0 .0 )0
1 1 7 ,0 0 0 .0 0 0
1 6 2 ,0 0 0 ,0 0 0
Septem ber............................................................. 1 7 5 ,0 0 0 ,0 0 0
October ................................................................ 1 9 4 ,0 0 0 ,0 0 0
1 4 9 ,0 0 0 ,0 0 0
“ The falling off in the October tonnage of this year was due entirely,
or nearly entirely, to the weather conditions and not to the conditions
of trade
“ To show you. however, that in simple lines of traffic and trade
prosperity is again overshadowing us arid driving away tbe July and
August clouds of adversity, [ will state that for the months of June,
July, August, September aud October, 1892, the revenues from live­
stock traffic were $ 10 6 , 000 . while for the same mouths of this year
the revenues were $11 4 ,0 0 0 , being $ 8 ,0 0 0 in excess of what they
were for those months of last year.
“ As you know, a great deal of attention iu recent years, more espec­
ially in the last two or three, has beeu giveu to the cultivation of
fruits and vegetables. It is therefore interesting to know how this
trade compares for the corresponding limes of 1892 an 1 1393. The
shipments over the Rio Grande in pounds were a3 follo w s:
1892.
1893.
J u ly...................................................................................... 1 ,6 0 0 ,0 0 0
1 ,6 0 0 ,OOO
August................................................................................. 2 ,3 0 0 ,0 0 0
5 ,6 7 5 ,0 0 0
September.......................................................................... 2 ,3 0 0 ,0 0 0
5 ,8 2 4 ,0 0 0
October............................................................................... 7 ,6 1 9 ,0 0 0 1 7 .7 5 0 ,0 0 0
“ In farm and mill pro iucts for July, August, September aud O cto­
ber of 1892. we shipped 3 6 .9 3 4 ,0 0 0 pounds, aud for the same four
mouths of this year 3 2 .0 0 0 ,0 0 0 pounds, ihe falling off being iu the
mouths of July aud August, fn September of this year tbe Increase
over the same mouth of last year was half a million pounds, an i in
October of this year, as compared with the same month of last year,
nearly 2 0 0 ,0 0 0 pounds.” * * * “ t think. Mr. President aod gentlcmeu, that you will all agree with me that these statistics of railroad
revenue, of precious ore tonnage m oved, of coal traffic, of farm prod­
ucts, live stock, and fruits aud vegetables, are convincing proof and in­
controvertible evidence that upon the whole, despite the demonetiza­
tion of silver, despite financial distress and bank failures. Colorado is
nearly in her industries as prosperous as she has been iu any former
year.”

Dalatli Missahe & Northern.—In the last issue of the I n­
S u p p l e m e n t a statement was made oa the strengch
of press dispatches that a receiver had been appDinted for
this company in October. This was erroneous, as certain
contractors simply applied for receivers, basing their applica­
tion on a judgment that had been obtained against the
company, and which has since been satisfied. The Duluth Missabe & Northern is owned in the interest of the Lake Superior
Consolidated Iron Mines and is used to develop tnat corpora­
tion’s extensive iron fields in Minnesota.
Kansas City Memphis & Birmingham.—A new financial
plan is proposed for this railroad, which belongs to the Merriam group of railroads financed in Boston. The equipment
bonds it is not proposed to disturb. The first mortgage bonds,
coupons, and coupon extension notes, all of which stand alike
secured by the mortgage, it is proposed to deal with as fol­
lows :
vestors'

Make a mortgage upon the ro v l securing $ 4 ,5 0 0 ,0 0 3 bonds, dated
March 1 ,1 8 9 4 , having forty years to run, and bearing interest at 2
per cent per annum for one year. 3 per cent per annum for one year
aDd 4 percent per annum thereafter.
Issue to each holder of first mortgage bonds, or of overdue coupons,
or of coupon extension notes, including the first mortgage bond
coupons due March 1 ,1 8 9 A, 4 0 per cent of the face of his claim in the
new mortgage bonds.
Create an issue of say $ 7 ,0 1 0 ,0 0 0 of 5 per cent income bonds, dated
March 1 , 1 8 94, entitled' to 5 per cent interest per annum, or any part
of the same that m ay re earned, but nou-oumulative; and issue to the
holders of the first mortgage bonds, overdue coupons, and coupon e x ­
tension note-*, including coupons due March 1, 189 4, of the present
tirsc mortgage bonds, far the remainder of the face of their holdiugs, an
amount of these 5 per cent income bonds equal to 8 0 per cent of the
whole, so that the holder of each present $ 1 ,0 0 0 first mortgage bond
will receive a new mortgage bond (or bond scrip) to the amount of
$ 4 00. and $ 8 0 0 of the now 5 per cent income bonds (or bond scrip);
being $ 1 ,2 0 0 in the new securities for $ 1 ,0 0 0 surrendered; and the
holders of coupon notes and overdue coupons, including the coupons
coming due March 1, 1894, upon the present first mortgage bonds, will
be treated in the same way.
If the foregoiug plan is accepted by the holders of the present first
mortgage securk ies.it will call for $ 3 ,1 7 0 ,3 2 0 of the new mortgage
bonds and $ 6 ,3 4 0 ,6 4 0 of the income bonds. There will remain in the
hands of the company $ 1 ,3 3 0 ,0 0 0 of the new mortgage bonds and
$6 5 9 ,3 6 0 of the income bonds to be used only for the purpose of retir­
ing the outstanding equipment bonds or, so far as they are not required
for that purpose, for improvement of the mortgaged property.

Lake Erie Alliance & Southern.—The action brought
against this railroad by the Central Trust Company of New
York in the Common Pleas Court at Canton, O., in which the
appointment of a receiver was asked on account of the non­
payment of interest on a mortgage deed of $486,000, has re­
sulted in the appointment of Major E. E. Scranton, the pres­
ent Superintendent of the road.
Louisville & N ashville—The N. Y. News Bureau reports
on good authority that the loan of $1,000,000 made in London
in July by the Louisville & Nashville Railroad Company
against 23,000 shares stock, with an option on the same at 65,
due February 1, has just been paid by the company, and the
stock turned into the treasury. Also that no part of the 72,000
shares of treasury holdings, including the 50,000 new stock, has
been disposed of or pledged, nor is its sale for the present con­
templated.
New York Lake Erie & Western.—The directors were re­
elected this week, and they chose the former officers for
another year. The following gentlemen were named by the
directors as a committee to prepare a plan of reorganization:
J, G, McCullough, Morris K. Jesup, Alexander E, Orr, Abram

THE

D ecem ber 2, 1893.1

C H R O N IC L E .

939

i

S. Hewitt, J. Lowber Welsh, W . A. Wheelock and John
iS-epovls atxd JJocttmeixts.
King, the President, ex-officio. The coupons due on the
funded 5s of 1895 were paid at the offices of Drexel, Morgan
&Co.. but the interest on the 2d consols was passed. No
R IO
GRANDE WESTERN RAILWAY.
official outline of the plan of reorganization has been made,
and it is hardly worth while to repeat the terms current in
ANNUAL REPORT FOR THE FISCAL YEAR ENDING
the Street reports until there is some authority for them.
JUNE 30, 1893.
New York & N
’cw England.—This company sends out a
copy of the proposed lease of the New York New England Sr
N e w Y o r k , November 1, 1893.
Northern road ’ to the N, Y . & N. E., to be voted on Dec. 27.
The lease is for 999 years, the New England to operate the To the S tockholders o f the R io G ra n d e W estern R a ilw a y
Com pany.
Northern and pay as rental all taxes, assessments and §12,500
per month, or §150,000 per annum, to be held as a trust fund The Gross Earnings were................................_ .......................$2,196,461 94
(A deer
for payment of interest on the Northern binds. All net earn­ Operating ;»-» from the previous rear o f 5-58 per eeut.) 1,603,146 42
E xpen ses.................................................................
ings above §150,000 are to go to the N. Y . N. E. & Northern
(A decrease o f 3 -s l per cent.)
--------------------S e t .Earning*........................................................................ $893,315 52
Railroad treasury and the latter agrees to have its line com­
(A decrease o f 8-43 per c e n t )
pleted and road in operation Jan. 1, 1895.
A d d Int. from securities o f other companies. $22,130 97
1,603 39
New York & Northern.—At White Plains. N. Y ., Nov. 25, Other items............................................................ -----------------23,734 36
Judge Dyckman handed down his decision in the suit to fore­
Total Net Earnings.............................................................. $917,049 8 8 '
close the”second mortgage bonds of the New York & North­
D rd n et fix e d rh a rg es—
ern Railroad. The decision is in favor of the N. Y. Central &
Hudson as owner of the second mortgage bonds and the Farm­ Taxes,Insurance, Rentals, Interest on Bonds and o n b orrowed m oney............... ..........................................................
691.139J76
ers' Loan & Trust Company. Mr. Simon Sterne, counsel
for the minority interests, said that he would take an appeal.
Surplus Earnings for the year.......................................... $225,910 12
.>f tune 30.
Northern Pad lie.—The receivers make default on all of Add the Surplus damage Suits1892................... $206,154 93
Less claims and
paid therefrom
the December interest with the exception of that on the
aud other Deductions on account o f the
business o f previous Years............................ 33,796 01
Duluth & Manitoba bonds, which amounts to $43,530.
------------------172,658 92
Pittsburg Akron & Western.—John W . Creech uni
T ota l................
$398,569 04
others have commenced suit in the Common Pleas Court at
Akron, G., to foreclose a mortgage of $3,680,000 held against Four quarterly d irid -o d s have been paid on the $6,250.00O preferr. d -to e s, making the fa ll amount o f 5 per
the Pittsburg Akron & Western Railway Company. The
cent fo r w hich ft hu* the preference, amounting to.......
312,416 25
road runs from Akron to Delphos, O., and is in the hands of
W . A. Lynch as receiver. The mortgage was given April 1, And there remain* to the credit o f Profit and Loss, or
Surplus. June 30, X- **,i...........................................................
$86,152 79
1890,to the American Loan & Trust Company.
Although not fully earned in the last quarters of the fiscal
Port Royal & Augusta.—At Atlanta, Ga., the Supreme
Court affirmed the appointment by Judg>- Roney of Mr. yeareuiHng June 80. it was deemed judicious by the Board to
Averill as receiver of the Port Royal & Augusta Railroad make no reduction from the full live per cent dividend ou the
Preferred Stock until it c mid be seen how far the causes of
Company,
the depression then beginning to be manifest were temporary
Rio Lramie Western.—The Rio Grande Western Railway it) their nature. It was held to be an obligation, under the
Company has completed arrangements for the extinction of terms of s ttk-ment, whereby the rate of interest oa the bonds
v
the floating debt of the road, amounting to about 8731,009, by bail been reduce 1 in 1889 to four per cent and the difference
sale of a block of its first mortgage 4 per cent bonds.
capitalized in Preferred Stock, to pay in dividends as far as
I'nion Pacific.—The Union Pacific receivers have reached seemul prudent, whatever sum after a reasonable interval to
..............
i
*. t
. ..
,r
...... 1
tv v
e
.
~
.........
.
n
b
lly
ed u to fiv
an agreement with *y ... .trustees of x t Kansas irx . , ; i ! ,, consol t g iv e c o n fid e n c e o f s t x t. ility , « n a c t u a 11..._ eaim ... 1 ,. p ♦... (4 e
the
the ,,
Pacific
idated mortgage, and the Court is asked for permission to pav p er c e n t. A n d a i n o d iv id e n d * h a d b een p a id , a lt h o u g h
interest on the following, due Nov. 1. viz,: Interest on the ea rn ed , o n a c c o u n t o f th e first y e a r a ft e r r e -o r g a n iz a t io a , it
8-years notes under which Messrs. Drexel, Morgan & Co. are was t h o u g h t 1 est to c a ll u p o n th e G o m p t n y N su rp lu s f o r th e
the trustees. Kansas Pacific consolidated 6s. Kan-as Pacific d e fic ie n c y o f $98,590,
Denver extension 6s. Atchison & Pike Peak 6s, Central The av.-r.i_-- sale- or-- -ii'-raft-fi (excluding tramways) was. 514 mile*
481 “
Branch Union Pacific 7.-. Also on the following obligations During tile previous y ea r................................ ..........................
falling due December i : Union Pacific collateral trust 5s. The gross canting* p er rati* w e r e ........................................... $4.856 93
3,118 95
amounting to $116,925 ; Union Pacific 6 per cent notes, inter­ The operating ex pen .re per uille w ere................. ................ .
est doe February 1, monthly instalments, amounting to
The net. csridox* per w i l e ......... ........................................
$ 1 , 7 3 7 98
$55,243; Kansas Pacific {Middle Division) first 6s, amoun ing The previous year per m ile .......................................... ............ $2,027 58
to §121,890, Pn si lent Cleveland has been asked to appoint The ratio o f expense” to earning* ™ ..........................- ........ 64-22 p. ct
Mr. Frederick R. Condert as a Government director to fit! the Or inedudisg taxes and insurance.................... ......... .......... 07-05 p. c t
vacancy which now exists.
O f paying freight there were hauled ................................... 667,451 tone
___
i A vain over previous year of 5-50 per cent.)
The receivers have petitioned the United States Court at
o passenger* .......................................................................
293,489
Omaha to fix their ralaiies for the present at §1,500 per And(A fgain o f 6-39 per cent.)
month each, or §18,000 a year.
B u t o w in g to th o f a c t th a t a la rg e r p r o p o r tio n o f the b u si­
The Committee of Reorganization organized by electing the
Hon. Calvin S. Brice chairman. The following sub-commit­ ness, fr e ig h t a n d p a sse n g e r, w a s lo c a l, a n d t h e r e fo r e h a u le d
tee. with power to add to its number, was appointed; Calvin a s h o rte r d is ta n c e , a n d th a t th e a v e r a g e r i t e p e r m ile w a s
S. Brice, chairman; A. A. H. Boisevata, General Louis Fitz­ n o m e w b a t less, c h ie fly f r o m r e d u c t io n s t o m in e r a n d s m e lte r ,
th e e a r n in g * s h o w a fa llin g o f f , in a b o u t t h e s a m e r a t io th a t
gerald and J. Pbrpont Morgan.
th e t o n n a g e a n d n u m b e r o f p a sse n g e rs r e s p e c t iv e ly w e r e in ­
World’s Fair (Chicago.)—The report of Mr. William K. c re a se d , t o - w i t : F iv e t o s ix p er c e n t , b e in g
Ackerman, Auditor of the World’s Columbian Exposition, A decline in freight earning* o f.................................................... $199,163
was officially sent to the board of directors November 25, It A m lin pa»»e tig erea rn in g *of........................................................ $39,120
abows, Isy making au approximate estimate of the liabilities D ie tonnage was hauled au average distance o f .................... 151 mile*.
and receipts up to November )3 that the net assets over and La«t y ear...................... ..................................................................... 16» "
above all liabilities amount to §1,982,483. The average daily The average revenue therefrom wan......................... 1-69 cents per ton.
receipts were §99,501 while the daily expenses were §22.405. Last year....................................................................... • 1-713 "
The report is epitomized in a condensed balance sheet which The passenger* ware hauled an average distance o f ............ 112-7 m iles.
was drawn up October 31, in which the following showing is Last year......................................................................................... 121
The average return from passengers was................. 1-99 cents per m ile.
made;
Last y e a r .............................................................„ ...........2 08
"
* “
SXPK XIU TrRX*.

C o n tra ctio n expenditure*......................................
$19,322,622
General operating expenses....................................................... 7,127.240
Preliminary orgsuDsU no*...........................................................
90.674
Net a*sset».........................................................
2,610,630
T otal.........................................................

$20,151,166

Of the earnings from freight and passengers, the
"Trans-OoulJnental" earnings w ere................................ i 8 '7 7 per cent.
Last year................................................................................... '31'.3 '•
And all “ th rou gh " earnings (that I*, originating east
o f our line and terminating w «»t o f It and vice versa)
including “ T ra n scon tin en ta l," w ero.............................24-83 p orcen t.

RECEIPT*.

Gate receipt* .............................................
...$10,626,330
tVmeei-M-o receipt*......................................
3,899,581
Miscellaneous receipt*,.. ..............................................
686,070
In t e r e s t
...................... ................. . — . . . . . . . . . . . . . _______
68,961
Souvenir coin* ami premium on sa m e .................................
2,44*,033
Capital s to c k ..................................................................................
5,0 04. 1 VI
City o f Chicago _____ . . . . . . . . . . . . . ____ . . . . _ ____ . . . . . . . . . . .
_
5,000,000
T o t a l ,..............................................
$28,151,116
Total receipt* from a ll*on rce*...................................................$28,151,168
T otal expenditure*.............................................
25,540,2(0
Balance a* shown try the A u d itor...................................

$2,610,634

From this amount are deducted such obligations as arc in
sight but not included as any part of the expenditures up to
October 81. These obligations, which are for salaries, pre­
miums, re-coitia<m of souvenir coins, office expenses, etc.
make a total of §748,147.
This amount Mrur deducted from tin §2,?7„,„§0 leaves the
net assets $1,868,483.

The pureir “ lo ca l" earnings from freight and passen­
ger business were..................................................................42-77 per cent.
Last year .................................................................................. 37 27 per cent.
The f r e i g h t originating at or destined to points in Utah
furnished o f the entire tonnage........................................84-43 per cent.
Last y e a r .................................................................................. 821 per cent.
'29
The 7m s te n a e r s originating at or destined to points in
Utah furnished o f the entire number, about................. 81-8 per cent.
Last year .................................................................................. ..
per cent.
C o a l (bituminous and anthracite), wlt-U noke and ohareoal. constituted as heretofore, the prinolpal traffic of
the Hoe,both 1 1 tonnage and earnings, and amounted t o .278,000 top*.
Yielding a revenue o f .................... . ........................$518,238
This was 41s* per cent of the whole tonnage, and 30%
per cent of the total freight earnings.
.
Against the carriage last year o f ............................................228,440 tons.
With a revenue o f ........................................................- - - - - —
$591,203s
(Or about 36 per cent o f the total tonnage and 28 per
cent o f the total freight earnings o f 1892.)
Gain in 1893...................... ........................- .........................$ V 554, b>n*
A n d ......................................................................................... $17,014 revenuu

940

THE

C H R O N IC L E .

[You LVII.

Oeneral Merchandise tohovred n e x t in importance, with

per cent of the entire main line is now fenced, with the result
that 310 feweranimals were killed than the previous year. The
damages paid were $6,984 (against $14,068 claimed;, a decrease
of about 21 pr r cent from last year.
22 miles of 651b. rails were laid, replacing lighter rails. The
whole main line is now laid with 651b, rails.
No wash-outs occurred to cause any delay of consequence
to our trains.
86,975 tons of engine coal were consumed at an average
cost of $1 78 per ton, and 92.280 tons of coal were used for all
purposes, an average of 253 tons per day, as compared with
248 per day the previous year.
line.
There was an increase in passenger train mileage of about
Am ong the staples 2 4 ,0 0 0 tons of fruit (including vegetables) were
6 per cent, and a decrease of 11 per cent in freight and m er­
carried:
chandise train mileage.
2 2 .0 0 0 tons of sugar.
1 0 .0 0 0 tons of salt from the Great Salt Lake, also
As shown in detail in the General Manager’s report, during
2,600 tons of asphaltum and gilsonite—the advance guard of a the twelve months there were about 17 miles of new line and
traffic in hydro carbons likely to be of vast proportions in Utah one
short branches or spurs constructed to mines, stone quarries,
day.
The earriage of fruits (chiefly from California) yielded us in
cattle yards and reduction works (besides some miles of side
round figures........................................................................................ $77,000 tracks lengthened out); and the length of completed lines is
Manufactured iron, eto. ............................................................................ 5 9 ,0 0 0
Petroleum and other oils........................................................................... 5 3 ,0 0 0 now 518 miles besides 11 3 miles of tramway to the Alta and
Sugar................................................................................................................... 52,0 0 0 Bingham Canon Mines, total, 529 3 miles, including 1*92 miles
Lumber and wood, chiefly building m aterials.................................. 4 8 ,0 0 0 owned jointly with the Union Pacific RR,

(6’7 per cent of the tonnage, against 7 '9 p. c. last
year aud) earnings o f ...........................................................
$ 2 9 0 ,5 6 3
(Or 16*9 per cent of the total freight revenue as
against 18 2 per cent last year).
Ores and Bullion amounted t o ................................. . . ............... 140 ,0 2 1 tons.
With earnings o f ............................................................. $ 2 59,703
L a s t y e a r ......................................................... ................................. 101 ,7 7 8 “
W ith earnings then o f............................................ -..$ 2 2 9 ,8 3 2
Showing a gain this year of some 38,0 0 0 tons, (or
37*« per cent in tonnage), and $ 3 0 ,0 0 0 (or 13 per
cent) in revenue.
Ores and Bullion therefore constituted 21 per cent of
the tonnage and 15 per cent of the freight earnings,
ami about lOS: per cent o f the total earnings o f the

Stone and other “ building materials” ....................................................
Salt, etc...............................................................................................................
Household goods and furniture................................................ ..............
Grain, hay, flour, etc.....................................................................................
L iv e s t o c k ........................................................................................................
Agrigultural implements, wagons and carriages............................
Wools, hides, pelts
...................................................
Canned goods (chiefly from California)................................................
Other packing house products......... ....................................................
Wines, beers, liquors..................................................
Asphaltum , gilsonite, etc..........................................................

4 5 ,0 0 0
43,0 0 0
3 8 ,0 0 0
36,0 0 0
36.0U0
3 2 ,0 0 0
28,0 0 0
30,0 0 0
2 5 ,0 0 )
3 2 ,0 0 0
6 ,0 0 0

In all, from miscellaneous products............................................ $ 6 4 0 ,0 0 0
Or % of the total freight earnings.

Stockholders may form a pretty clear notion o f the charac­
ter of the traffic from the following general summary of the
derivation of freight earnings :
Percent.

From coal, coke and charcoal over................................................................ 30
From the above miscellaneous list of articles......................................... . 38
From general merchandise................................................................................ 1 7

From ore and bullion....................................................................

15

100

It was shown iu the last report that the total outlay
for new rolling stock and other additions to the
property for which no Issue of capital had been
$4 3 0 ,5 5 5
made was, on June 30th, 1 8 9 2 ............................. .........
There lias been added during the year as shown by
the General Manager:
For equipment..................................................................$ 3 3 ,4 1 7
For other additions to the property........................1 0 3 ,0 4 7
------------136,464
$5 6 7 ,0 1 9
There has been also expended for the purchase of additional
Branch Bonds and Stock, due to an extension of 2 '0 4 miles
of the rintic Range Railway............................................ ..............
40,3 0 0
For betrermeuts ou the Tintic Range Railway (an advanoe
to that C om oanvl...................................................... ............ ........
164 ,0 4 6
Aud for preliminary surveys........................................................... .
3 7 ,0 9 6
I u a ll..................................................................................................... $ 8 0 8 ,9 6 1
There was also purchased for construction contemplated
during the previous year, but not oegnn (the delivery and
payment having been made during the fiscal year embraced
in this report), steel rails still on hand, costing.......................
1 4 4 ,5 2 8
Making tlie total expenditure still in exeeas of capital

provided......................................................... .................................. $ 9 5 3 ,4 8 9
It is worthy of remark that the proportion o f pissenger
Pending the time wheD a further capital issue might be
train earnings on this line has always baen very high, but
during the past year it was 32 per cent of the total revenue as advantageously male, this expenditure has been met from
current resources and by borrowing money on the pledge of a
compared with 26}^ per cent for 1892.
portion of the first mortgage bonds held by the Company, the
Throughout the year the rates continued abnormally low,
and although, as a result chiefly of the completion of the
amount so borrowed during the year being $436,005, increas­
Tintic Branch, we carried 38,000 tons of ore and bullion
ing the Bills Payable from $400,000, as stated in the last re­
more than the previous fiscal year, and earned $ 3 '.0 0 0
port, to $828,000; but these were reduced by payments in
more from that source, the continued decline of silver,
July to $741,000, and now, November 1st, stand at $731,000.
by checking the general prosperity and progress of Utah,
had in connection with these low rates, the effect of
Of this sum the amount of $144,528, paid for steel rails,
reducing the gross earnings by.................................................... $ 1 4 7 ,4 6 3 represents a current assets that may be converted into cash,
The operating expenses, as a result of the exceptionally
as these rails will not now be needed, having been ordered
large outlays made in previous years, and which con­
tinued on about as heavy a scale until December last,
for construction which the Company has decided to defer.
were safely reduced iu the last seven months, effecting a
Beeides these rails, the Company has as
reduotioc for the whole year from the previous one o f ___
65,1 8 9
8o that bet earnings fell off on iy..............................................

$3 2 ,2 7 4

Considerable results were of course expected from the
travel to Chicago, but the two months delay in opening the
Pair, due to strikes of mechanics and the severe winter and
spring weather, prevented the tide from setting ia until the
panic began to “ throw its shadows before,” after which
people felt too poor or were too much engrossed with their
business affairs to take such a pleasure journey where the
distances were great.
The Sevier and Tintic branches (one of 26 and the other of
52 miles in length, and paid for as to the first by an issue of
Preferred St ck and as to the last of Common Stock of the
R. G. W . Ry. Co.), although sharing in the depression of local
business, have continued to justify their construction
by adding considerably to the net returns of the whole
system, which, as shown by the Auditor’s analysis,
are estimated to have been $36,522 larger, due t o " the
operation of the Sevier Railway, than they would have been
but for its existence, and $64,259 larger in the case of the
Tintic Range Branch. This is equivalent on the first to 5
per cent on the $650,000 First Mortgage Bonds o f the Sevier
Company and 1 per cent on its Preferred Stock, and on the
other to 5 per cent on the $1,301,000 First Mortgage Bonds of
the Tintic Range Co. In both cases the aoove comprise
the whole issue, which, with all of their Preferred and Com­
mon shares, are owned by the Rio Grande Western Railway
Company.
The roadbed and track are in excellent condition, enabling
the faster passenger trains to make their schedule speed of 38
miles per hour while running, and the slower (through) trains
over 34 miles per hour. This is between Denver and Ogden,
782 miles, and is a good rate of speed for crossing the Rocky
Mountains at the “ dome of' the Continent.” On the Rio
Grande Western portion of the route (about half of that whole
distance) the actual speed averages about the same or faster.
The line has maintained its unbroken record for safety of
travel, not a passenger having been killed by negligence oa
the part of the Company or its employees. During the year
one very old lady was injured by walking off the end of the
Station platform at Payson, and an old gentleman was killed
at Cedar. It is supposed that the latter walked out on the
platform of the train at night and was thrown off.
As shown by the report of the General Manager, 117 track
miles of fencing were built during the year, so that about 55

R ESER VE.
An authorization for a further is s u e 'o f Preferred Stock
amounting t o ...... ................ ............................................................... $ 1 ,2 5 0 ,0 0 0

And has m its Treasury :
First Mortgage Bonds, making up the total authorized Issue,
which is limited to $ 1 6 , 000,000 (against which the re­
quired mileaste of railwav line has already been com p ic e ll 2 ,0 0 0 ,0 0 0
First Mortgage Bonds of other Railway Companies (their
entire Issues) .................................... . . . . . . . ----- --------- . 1 ,9 5 1 ,0 0 0
Also Preferred Stock of other Railway Companies
(their entire is s u e )....................................................... $ 7 8 0 ,4 0 0
Common Stock of other Railway Companies (their
entire issues) .................................... ........................... 1 ,1 7 0 ,6 0 0
And 10,000 shares of the Western Express Com­
pany’s Stock (the entire issue).................................
1,0 0 0 ,0 0 0
on which dividends averaging fonr per cent are assured
by a lease for five years from July 1st, 1893.

On the 18th of March last “ The Western Express Com­
pany,” a Corporation under the laws of Colorado, was formed
for the purpose of carrying on the express business in Color­
ado and elsewhere, but especially over the lines of the Rio
Grande Western Riilway, present aud future. The express
business had yielded our company in recent years about
$77,000 gross and about $38,500 net per annum. On May
2l8t a contract with the Western Express Company was exe­
cuted whereby for twenty-one years from July 1, 1893, the
latter is given the enjoyment of the express franchises of the
Rio Grande Western Railway Company.
The consideration accruing to the Railway Company under
this contract is the entire issued stock of the Western Express
Company, $1,000,000, in addition to a graded monthly com­
pensation, beginning with $3,000 per month and ending with
$5,000 per month, as a minimum in each case, to be increased
according to extra weight carried and mileage operated.
The Railway Company had, however, to pay the Express
Company, as a working capital, the sum of $20,000.
The Rio Grande Western Railway Go. is thus the sole
owner of the Western Express Co. Oa July 1st, the contract
itself was sublet by the Western Express Co., with our con­
sent, to the Denver & Rio Grande Railroad Co., for the term
of five years, for a compensation beginning with $6,000 per
month, and ending with $7,000 per month, or an aver­
age of $78,000 per year on the minimum weight and
mileage.
As during the same five years the Western
Express Co. must pay an average minimum compensition to
the R. G.W. Ry. Co. of $33,400 per year, the latter will receive
as stockholder in the Exoress Co. the difference, being an
average of $39,600, equivalent to about four per cent per

D ecem ber 2, 1893,]

THE CHROJSLCLE.

annum on ita $1,000,000 Express Stock in addition to its
regular express warnings tinder the c intract of §33,400.
Total as above §78,000.
Tbis is an increase in the net income over that heretofore
derived from this source of about 100 per cent. Besides
the $1,000,000 Express Stock becomes an available asset and
one likely to increase considerably in value as years roll by.
The obj-ct of the new arrangement is to facilitate negotia­
tions with other expre-s lines, to do business if future
occasions should offer over connecting railways, and to cap­
italize the Express franchises of the Company at a race on which
it would be certain to return a fair interest from the start with
good promise of increasing dividends with the growt h of our
tributary' country and the extension of the line. From its
control of an important territory for express purposes the West­
ern Express stock may prove to be capable of yielding much
larger net returns t >one of the general or Ie-s local express
concerns of the country bating a “ long haul" to be fed than
to ita present owners.
The Beet Sugar Works at Lehi have given us a considerably
increased traffic over the previous year, as «ell in carrying
betts, coal, lime, etc,, to the mill as tn carrying sugar from it
The acreage put in growing beets in the territory tributary to
the mill is estimated to have increased over 1892 about 200
per cent, and the production per acre 22 per cent, but there is
apparently no limit to the extent to which this industry may
be developed in Utah, and in the Valley of the Grand and its
ributary at the eastern end of onr line, *
*
*
*
*
*
* The importance to our Utah and Col rado
farmers of devoting themselves to siapies that can stand ti
long carriage ai.d reach a market where the population is
denser, renders this question scarcely less interesting at the
present moment than that of silver. The irrigable lands
served by the railways in Utah and Colorado could no doubt
produce a goodly share of the sugar used in the United
States, and many sugar mill* would tie needed to reduce the
product. As the yield in Utah is from 10 to 15 tons of beets
[ter acre, and the product of sugar not less than 155 pounds to
the ton of beets, there ia about a n ton of sugar per acre, so
*-t
that it would require less than 30,000 acre* grown in beets to
duplicate in value the last year’s silver yield in Utah, which
was 7,700,000 ounces.
The letter of Gen, Snot. Welby, given in the pamphlet re­
port, states facts of much interest in connection with this
new indu-try in Utah.
The crops throughout Utah this autumn have been excel­
lent and the Wool «m live stock product large, but owing to
d
the national financial stringency, the difficulty has been to
find the usual market for them, except at very lo v prices.
The accompanying reports of the General Manager and
Auditor set forth the business and the accounts of the Com­
pany m ail necessary detail,

941

In October the fulling off in gross earnings was but $31,168,
or 8% per cent, while that in the net will be b it about 3 per
cent.
From the following approximate statement prepared by the
Auditor it will be seen how the net income has fared during
these four months of stagnation and distress:
STATEMENT OP INCOME ACCOUNT
FROM JCI.V 1 st TO OCTOBSK 31ST, 1 8 9 3 , AND CHARGES AGAINST SAMS,
E a r n in g s .
E x p e n s e s . N e t E a r n in g s .

Ju ly.............................................. $197,9X6 43 $ 1 1 2 ,8 9 1 0 6
August.......................................... 182,439 79
111,430 21
September................................... 131,924 75
107,864 53
October (expenses estim ated). 225,700 00
128,700 00

$35,025 37
71,009 58
74,060 22
*97,000 00

Totals....................................$787,980 97 $160,885 80 $327,095 17
R eceived from other sources..................................................
2,173 09
Total for fou r m onths...................... ....................................$329,268 26
L ess—
Interest on Bonds tor Ju ly, August, Septem­
ber and O ctober.............................................. $186,664 00
Accrued [merest on loans, four m onths. . . .
12.813 00
26,700 00
Taxes, four m onths................. ..........................
Insurance, four m onths.....................................
2,291 00
Rental leased line, tour m onths......................
4,800 00
233,273 00
Leaving the surplus for these four months, over and
above all t-h ircc* ..................................................................

$95,995 26

* to st October this actual net earnings were $99,028.

Although the above net earnings of $329,868, compared
with those of the same four months of 1892, allow a falling off
of $63,673, or about 16-4 per cent, they certainly cannot, un­
der the exc-pt i >nal but temporary conditions that have pre­
vailed, be considered discouraging.
The net income, beyond all charges, $96,000, for this dis­
astrous third -if the new fiscal year, has been equivalent to a
dividend at the rate of about \% per cent per annum upon the
Preferred Stock of the Company.
T October some of the mines started up in each of the three
n
main shipping camps of Utah. On our Bingham Branch the
output in tons (largely due to its being a lead camp) has al­
ready reach- d more than double the daily average of a year
ago. while from theTintic Range our daily ore shipments are
now much larger than those of last October. Two mills to
utilize the low grade ores are being planned on this branch,
one of which is nearly completed, In the Park City (or On­
tario) District the mines are putting out about half as much
as last year, but as far as the Rio Grande Western Railway is
concerned, this camp has importance chiefly from its effect
upon the prosperity of Sait Lake City, since our ore
shipment? fiom it last year were not important.
The follow ing table.prepared by me Auditor, of ore shipments
for the last four months, and earnings therefrom, is interest­
ing, as showing that the months of July and August are the
8 I S 0 E JU LY 1st.
only month? with less tonnage and revenue from carrying
The question of paramount interest to stockholders, how­ ore, and that since August there has been an actual and
ever, is no doubt what effect the new conditions that have growing increase over last year.
occurred towards and since the close of the fiscal year covered
by the figures of this rep -re have had and are likely to have
Tons.
R eve n u e .
Tons.
R ev e n u e .
$10,900 88
7.186
$19,988 52
9,243
in the future upon the well being of the Company. Four July.................................
0,845
August...................
11,367 37
20,092 17
7,704
months have now p issed of collapsed silver mining and panic, Septem ber..—_______
9,1 7 9
16,382 50
7,858
15,353 70
during which, in all this region, including California, even OCtotier.......................... 10,266
8,671
17,503 24
15,329 53
the business which is not dependent upon the silver industry
35,622
Totals . ....... ........... 34,285
$56,144 OS
$70,763 92
ha? been paralyzed, as^every where else in the United States,
$14,619 87 Rcvouua.
by the temporary poverty of consumers and the constriction Deeri»i**<*....................... .
20-66 p er oein.
of credit requisite for the moving of crops and the laying in Percentage o f Decrease.
of the usual stocks of goods.
The Utah smelters are reducing more ore than they did
during the - one four months of last year, and taking over
D aring the-,' fmi? m onth* the tonnage <»f coal,
eoke. ebarcoal. ore and bullion carried by
live times as much coal and coke from our line as then. This
the R. G. W, By w.. * .......... ...............................123,945 tons
And tli- gross turnings therefrom worn...........
$210,167 is partly due to the restriction of shipments to reduction
works outside of Utah, and partly to a certain economy from
Against return* fo r the same four m onths o f
1892 o f ............. .............................................
131,300 tons
newly iuveii’ed fuel mixtures. It was discovered that the
And earning* o f . ......................................................
$281,161 quality of the Ga*tle Gate “ nut” coal on our line was such
Fall in tonnage........................................... . . . 7.364 tuns
a? to permit its use with the cheap Castle Gate coke in lieu of
o r 5-6 per cent.
Fall in growl enrol a g e ......................... .
$40,097 unmixtd imported coke costing very much more per ton.
or 14 56 per cent.
The shipments of coal from the line of the Rio Grande
Western Railway to California and Nevada have increased
Of coal and coke alone the results were as follows:
July. Aug., S e p t, Oct,, 1393, 85,170 ton s....... .....e a rn in g s.$166,857 considerably, amounting to 2.333 tons in October, and are ex­
..........................
1892, 90, >10 • ............
•
•
•
137,030 pected to average 3,000 tons per month during the winter.
Fall in tonnage 5.3 to, or about
Fall In earnings, $20,773, or Our exertion* to effect a serious inroad into the coal market of
5 9 per rent.
1 1 per (sent.
the Pacific Coast seem now about to be rewarded with a
*
The passenger business for the same four months was in
degree of success, the superior quality of the coal and its
1803 ............... passengers, 87,162 ...................earnings, $217,981 00
fitness for enduring this long journey of 1,000 miles,
1892 ...................
•
•
1 2 6 ,1 2 5 ...................
•
*
27 0,15 100
handling, exposure and Long storage, having become more
generally recognized both in that market and among other
Decline In 1893............... 3 8 ,9 0 3 ............
•
•
#58,470 00
or 31 per cent.
21 per cent railways, which have reeemJy begun to use it largely.
The opening in June of the Salt Lake and Los Angeles Rail­
The World’s Fair attraction would have no doubt largely
overcome the unfavorable conditions but for the especial way from the yards of this Company in Salt Lake City to
effects of the panic on all long distan ce travel. October, 1893, Saltair Beach, on Great Salt Lake, 14 miles dis'ant, with the
was by far cur best month, when we received from this admirable improvements at that resort, has benefitted our road
*ouree, a? nearly a s can be traced, earning* of s o m e $11,000. by the 1.rge number of excursionists it has tempted over it
Taken as a whole it i* no; unlikely that our net passenger from local stations on our line, and promisesstill better results
earning? have been less than they would have been but for in future summers when times are better. Over 150,000 ex­
the World’s Fair, because of its interference with the Com­ cursionists are said to h a v e visited the beach by this line dur­
ing the Rummer season of 1893,
pany# regular travel and rat*?.
It is not unlikely in the opinion of the General Manager that
The total earnings, gross and net. (taking the Auditor’s
estimate of expanses for October) for this four months period, the Passenger eartiings for the present fiscal vear may fall off
were in
ns much as ten per cent But if no greater, sixty per cent of
NET.
Olios?
the decline will he offset by the gain in exD ress earnings under
1893
$339,268 the new lease, leaving but about $27,000 deficiency due to this
$7*7,981
1892
394,SM
8
1 .0 0 0 .5 1 .source.
It is not doubted that the trans-Continental tonnage will be
lieeltue.
$2X3,534
$65,678
or 21-7 p. cent
or 10'4 p. cent* as large as last year, while the rates are expected to be some-

942

THE

C H R O N IC L E .

what better. If the price of silver continues to hover
around 70 cents per ounce, our shipments of
ore,
bullion and coke can scarcelv fail to be as large as ever,
since wages have been reduced generally over Utah to $2 50
per day, which is 10 per cent, compensating perhaps, as re­
gards the average ores, for a fall of 7 or 8 cents per ounce of
silver. This and other economies, with a more general intro­
duction of stamp mills, may largely overcome, in Utah, the
effects of any fall in the silver market which has taken place
thus far. The army of piospectors, however, has melted
away, and although they produced nothing for shipment and
most of their labor was sunk in worthless “ gopher holes,” it
is due to them that fresh discoveries of value were from time
to time made, while in the role of consumers they were as
useful to the mercantile community, farmers and railway, as
though they were actually turning out ore from working
mines. If their attention is turned to otner minerals, o f
which Utah offers a more generous choice than perhaps any
part of the world, and especially to gold, the existence of
which in the “ Henry Mountains ” is admitted, this vacuum
may be more or less filled.
It is the general merchandise traffic whose falling off has
been most serious as regards revenue and whose future for
this winter seems most uncertain. The merchants of Utah
have imported scarcely any goods since June, and say they
do not expect to stock up until spring. Meanwhile their
stares are becoming thoroughly depleted. Should the severe
economizing of the people relax, mercantile credits become
more available and prices of commodities begin to rise, this
“ stocking up” may take place sooner than they now contem­
plate, and when it comes there will be without doubt a con­
siderable gap to fill, with quick and profitable returns to the
railways.
This restriction of general business, whatever its duration
or amount, does not appear to be sensibly different from that
which is being felt by the communities and railways gener­
ally throughout the United States, wherever situated. We
cannot therefore consider our case as iu any way peculiar or
due to sectional conditions. W e are only sharing the com­
mon lot.
On the other hand, from the situation of this line, as a
mountain link in one of the most favored routes of communi­
cation across the Continent and around the world, it has to
serve a vast territory with a great variety of products. It
also has along its line in the greatest abundance superior coal
which is cheaply mined, with a complete dearth of it between
Utah and the Pacific Coast of California. We may therefore
find ample grounds for the conclusion that not only are we no
worse off relatively than most railways outside of the silver
region, but that after some months longer of dulness, during
which we shall as far as possible overcome the deficiency by
maintaining a reduced scale of expenses, our hopes for a suc­
cessful future for this line, with continued improvement from
year to year, will prove to be even more judiciously based
than before the panic.
It is chiefly the high standard to which the roadbed, track
and dependencies, and the rolling stock, have been kept up,
that has enabled the severer reduction in operating expenses
to be made safely since July 1, with an average saving in the
past four months, including October, of about 838,000 per
month, although the 10 per cent reduction of wages which
took effect as to a part of the force on August 1, and as to the
remainder on October 10, has partly contributed to this
economy.
The total shipmentsjto the East by rail of California products
during the year 1893, of which two-thirds are fruits (“ cit­
rous,” “ deciduous,” “ dried,” including raisins and “ canned,”
with nuts and honey) are estimated .by our General Freight
Agent at some 36,000 (13-ton) car loads. This total is an aver­
age of about 100 car loads a day and is well spread over the
year, beginning with oranges from Southern California in
January, and ending with grapes through the late autumn,
and dried and canned iruits later. Few, perhaps, realize
lrow rapidly this p la cin g and shipping across the Rocky
Mountains, as far eastward even as the Atlantic, of California
fruits is increasing. The figures above named indicate a very
large gain over last year.
But the whole of irrigable Utah and Western Colorado be­
low 5,000 feet (and for apples up to 6,000 feet), including per­
haps half of the Rio Grande Western line, is admirably
adapted to raising fruits, and while the Mormons are begin­
ning to turn their attention again to this crop, the farmers of
Western Colorado, especially in the valleys tributary to Grand
Junction, where peaches, melons, grapes, etc., thrive, are
making great headway. The orchards and products are in­
creasing from year to year quite rapidly and there appears to
be no good reason why Utan'and Colorado should not before
many years supply as much fruit, except of course oranges
■S»and lemons, as California is now shipping.
The consideration of dividend policy lias been postponed
until a somewhat longer period than the usual quarter has
elapsed over which to observe the effect o f recent and pend­
ing influences.
By order of the Board.
WM. J. PALMER, President.

g lu e

[V ol. L'VII.
(C o m m e r c ia l

g im e s .

COMMERCIAL EPITOM
F r id a y N ight , Dee. 1 ,1 8 9 3 .

The celebration of the annual Thanksgiving holiday this
week has served to curtail the volume of business. A report
from the Congressional Committee on Ways and Means
recommending numerous changes in tariff duties has
given rise to much discussion in commercial circles, but no
disturbance of the markets is shown. Speculation in staple
commodities has fallen off again, with current dealings con­
fined principally to liquidation of previous engagements. A t
primal points the movement of grain continued moderate, a
feature that has served to sustain the general line of value for
breadstuffs. Exporters, however, complain that cost of
wheat and flour is above a parity o f foreign markets, and
refuse to negotiate except upon specific orders from abroad.
Cured meats are easier in price, under the influence of in­
creasing arrivals of swine at packing points. The official
closing of the State canals took place November 30th at mid­
night.
Lard on the spot has sold slowly and prices have declined,
closing easy at 8c. for prime City, 8 70c. for prime Western
and 9c. for refined for the Continent. The speculation in
lard for future delivery at thi3 market has been dull, and
prices have declined slightly in response to weaker advices
from the West, where packers have been selling, closing
easy.
D AILY CLOSING PRICES OP LARD FUTURES.
S at.
M on.
T u es.
W ed .
T/iurs.

November itellverv.......o. 9 '0 0
January delivery..........o 8 '2 0

9 00
8 ’3 0

8 95
8P
05

.........
8 10

Holiday.

F ri

.........
8 ’15

Pork has attracted very little attention and prices have fur­
ther declined, closing easy at §14 50@§15 50 for me3s, $17@§19
for short clear, §16 50@§17 50 for family aud §13 50,3 §14 for
extra prime. Cut meats have met with a light trade, but prices
for pickled bellies have held fairly steady, closing at 8%@9c.
for pickled bellies 13 to 10 lbs. average, 9 biOJ^c. for pickled
hams and 6@6)^c. for pickled shoulders. Beet is uncnanged
at §8.3§8 50 for extra mess, §10@$11 50 for packet, §13 d)$14 for
familyand §19@§2L for extra India mess. Beef hams are quiet
at §15 50,3§L6. Tallow has been in light demand and prices
have declined to 5c. Lard stearine is dull and easier at 9%®.
Oleo-stearine has further declined to 7c. Cotton seed oil 1 as
been in plentiful supply and prices have dropped to 29c. asked
for prime crude and 35c. asked for do. yellow. Butter is qu et
but steady at 20 oc27j^c. for creamery. Cheese is in light cemand, but steady at 9 gil2)^c. for State factory, full cream,
Fresh eggs are dull and easy at 25@25)^c. for choice
Western.
Coffee has secured only moderate and indifferent attention
from consumers, with tone of market generally easy,
although no liberal shading was made on valuation. R io
quoted at l?J£c. for No. 7; good Cucuta at 21@21i£c. and in ­
terior Padang at 23@23}£c. For future delivery the deal was
moderate and careful, with rather an inclination to liquidate
holdings, consequent upon freer offerings from Brazil. T o­
day there was a slightly firmer tone on the stimulus o f a few
European orders. The following are the final asking prices :
Deo.........

Ja n ..........

...........16-40o. 1 Feb..................... 15-80o.
......... 15-300
M ch........ .
1J u n e ....... ..........1 5 '1 0 c
1A p r......... .
1J u ly ......... ......... 14-95o

Raw sugars sold irregularly and the market had a tame tone,
but freedom from stock pressing to realize prevented serious
decline. Centrifugal quoted at 3c. for 96 degrees test and mus­
covado at 2%c. for 89 degrees test. Refined sugars moderately
active with prices favoring buyers; granulated quoted 4J£c.
Other staple groceries find fair attention at steady rates.
Owing to the smallness of the stock, the amount of business
doing in the market for Kentucky tobacco is light; sales 150
hhds. Seed leaf tobacco has been in better demand and
steidy; sales for the week were 1,985 cases, as follows: 1,235
cases 1891 crop, State Havana, private terms; 300 cases 1891
crop, Ohio, private terms; 150 case3 1892 crop, Ohio, 6c.; 100
cases 1892 crop, New England Havana. 20(3Olio., and 200 cases
1892 crop, Pennsylvania, Havana, 12 § 13c.; also 500 bales
Havana, 65c.@§l 10, and 200 bales Sumatra, §3 50@§4.
The speculation in the market for Straits tin has been dull,
and early iu the week prices declined, but later there was a
recovery, and the close was steady at 20-75c. asked. Sales
for the week were unimportant. Ingot copper has further
advanced and the close was firm at 10'40c. for Lake. Lead is
quiet and easier at 3'35c. for domestic. Spelter is steady at
3 871£c. for domestic. Pig iron is quiet and unchanged at
§11 @§14 50.
Refined petroleum is nominal at 5'15c. in bbls., 2-65c. in
bulk and 6'25c. iD cases; crude in bbls. is unchanged, Wash­
ington closing at 5'65c. in bbls. and 3'loc. in bulk; naphtha
5%c. Crude certificates have been advanced, closing firm at
76J^c. bid. Spirits turpentine has continued dull and prices
To Stockholders:
have further declined, closing weak at 29i£i330c. asked.
Since this report was adopted arrangements have been Rosins have been firm but quiet at §t 30@$1 35 for common
made for the extinction of the floating debt of the company and good strained. W ool is moderately active but unsettled.
by the sale of bonds.
Hops are quiet but steady.

D ecember

3,

THE CHRONICLE.

1893.]

943

In addition to above exports, our telegrams to-night a lso
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures fo r
T h e M o v e m e n t o p t h e C r o p , as indicated by o u r telegrams New York, which are prepared for our special use by Messrs.
f r o m the South tonight, is given below.
For the week ending Lambert & Barrows, 24 Beaver Street.
this evening the total receipts have reached 298,931 bales,
ON SHIPBOARD, NOT CLEARED—FOR
against 29! ,0 )8 bales last week and 299,571 bales the previous
Leaving
week; making the total receipts since the 1st o f Sept., 1863,
Dee. 1 at—
Great
Other
Coast­
Stock.
Total.
2,993,680 bales, against 2,741,578 bales for the same period of
Britain. France Foreign wise,
1892, showing an increase since Sept. 1, 1893, of 25,2,071 bales.

C O T T O N .

F r id a y N ight , December 1. 1893.

Beecipts at—

Sat.

ATon.

Tues. J ITerf.

G alveston.........
5 ,1 8 7 15,527^ 4 ,3 7 3
Velasco, d ie ....
........ i
N ew O rleans... 1 9 .5 3 7 9 ,6 3 7 2 4 ,1 1 9
M o b ile .......... .
1 ,2 0 6
3 ,113? 2 ,7 0 1
.........
F lorid a ........ ..
8 ,7 0 6
S avan nah......... 7 ,8 2 3 8 2 1 3
.........j
Brnnsw’fe,
3 ,1 5 7
4 ,2 1 0
2 ,9 2 6
C harleston.......
Ft. R oyal, Ac.
......- . . . . . .
W ilm ington___
993
2 ,3 5 4
1 ,5 9 4
Waah'ton, Ac.
......* ___„J
N orfolk............. 5 ,4 8 7 7 ,8 8 2 5 ,2 7 6
West P oin t... 3 ,0 3 1 3 ,1 3 7 3 ,7 1 1
'
N’ port N „ Ac. . . . . . .
. . . . . . \ _____1
New Y ork........
331
100
381
B o s to n ....... ......
1.922 1,S S 6 3, *02
B a ltim ore.___ _
PM ladelpb'a Ac
$4%
40
556

TAurs.

7 ,1 7 9

Fri.

7 ,8 5 5
932

9 ,1 0 0
463
1 ,7 1 3

1 0 ,3 1 0 1 8 * 5 5 1
851
557
2 ,0 0 1
5 ,5 7 9
6 ,3 0 0
2 ,1 1 1
3 ,4 9 6
3 ,0 3 5
......
7 ,5 3 1
]
1 ,7 7 7

......

215

2 .0 0 1
3 9 ,7 1 8
2 ,3 2 7
1 7 ,3 9 3
7 ,5 3 4
9 ,0 6 7
54

3 ,0 0 2
216
239

......
2 ,3 * 9
5
5 ,0 6 0
1 ,9 1 8
1 ,9 1 3

n .-u o

.........
661
1,592

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

1 ,5 1 8

19

4 ,5 8 5
1 ,9 3 7

Total.

2 ,6 9 0
1 ,1 1 0

780
981
1,272
.........

3 1 ,7 3 0
1 6 .4 2 1

3,053
3,016
9,333
2,219
2,113

280
917
351

T o l l s this week 53.212 58,064 57,725 38,18-5 59.218 32,197:296.931

The following shows the week’s total receipts, the total since
,

l

ion , --------- 1

Bee tip tt to
Dec. 1 .
G a lv e s t o n ...

Velasco, A c.
N e w O r le a n s
M o b i l e ............
F l o r i d a ..........
S a v a n n a h ,..

,

—

1893.

. . . _______,

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

1 9 .7 0 0 ;
3.3991
9 3 ,3 0 9 }
10.539|

1 1 5 .2 4 1
301

8 ,1 4 6 }

P h t ia d e L .A o .

2 ,1 1 3

2 4 3 ,8 1 7
1 0 6 ,0 3 4
1 0 ,1 9 5
12,8,39
2 5 ,3 7 5
1 7 ,9 2 3
1 2 ,1 2 9

113 046
2 ,1 6 0
2 2 3 ,7 5 0
2 9 ,1 1 0

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

9 1 .3 0 3
2 0 9 ,7 0 3
222
1 1 2 ,SO 4

.......

1892.

1 7 2 .3 1 9

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

1 1 .2 8 1

----------------

1893.

6 6 1 ,4 2 1

937}
3 3 ,4 3 5 !
9 ,0 0 1

i

Stork.

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

.....

1892.

This j Since Sep,
Week, | 1 , mm.

W e s t P o in t
N q .’ i N .. Ac
N ew Y o r k ...
B o s t o n ...........
B a lt im o r e ...

P . R o y a l, A c
W ilm in g t o n ..
W a i l i’ ll, &©
N o r f o l k .........

.

This Bines Sep,
Week. U 1 8 9 3 .

3 9 ,7 1 8
2 ,3 2 7
1 7 ,3 9 3
7 ,5 3 1
9 ,0 6 7
54
3 1 ,7 3 0
1 6 ,1 2 4
3 ,0 5 3
3 ,0 1 6
9 ,3 3 3
2 ,2 1 9

B r i w l e k .A c
C h a r l e s t o n ..

i . . .. . . :

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

1 0 2 ,7 3 1
7 ,5 0 0
5 0 .0 5 8

1.1711
3 ,9 8 5
2 .1 3 1 ]
4,9011

9 1 ,5 1 3
2 3 .4 5 5

4 6 ,2 1 4

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

4 1 ,2 9 6
1 ,3 5 1

1 8 ,1 7 5

4 39
1 5 1 ,8 3 8
136 ,4 0 2

17
1 2 ,9 1 1 !

3 7 ,8 4 7

9,-891
1 6 1 .2 4 7
2 2 .5 0 0
2 8 ,1 0 6
7 .5 3 2

T o t* J .g . . . . . 296.9312.993.650 249.355 * .7 1 1 .5 7 8 U M

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

7 1 0 1 .0 5 0 1 7 0

I n o r d e r th a t c o m p a r is o n m a v b e m a d e w it h o t h e r y e a r s , w e
B e lo w t h e t e w s a t le a d in g p o r t s f o r s i s s e a s o n s .

B etctptt at—

1893.

j

53.969!
Now O rleaoi
M ob ile.........

Savannah..,
Cbar’ton.Ac
W i lm 't c n .A c

N o r fo lk .......
W, Polot.Ac.
A n o t h e r * ...
T ot, this wk.

8 8 ,8 1 7 ;
1 0 ,0 3 9 *

1892.

1991.

5 3 ,0 9 9
9 3 .3 0 9
1 0 ,5 5 9 !
3 3 ,1 3 5 ?

50,001*

| 1990.

2 1 ,9 2 7
9 ,1 2 1
3 1 ,7 3 0

11,2*1;
8 ,4 4 3
1 2 .9 1 1

9 9 ,0 9 0
9 ,9 3 3
1 0 ,5 5 0
2 9 ,3 8 9
9 .8 2 0
1 9 ,3 2 2

19,177
21,009

1 2 ,0 io!

10,211

2 2 ,6 5 3 =

2 6 ,8 9 3

39,713;

2 9 8 ,9 3 : !

2 4 8 ,3 3 5

2 9 3 ,1 6 1

| 1889,

3 2 .7 1 3 :
8 0 .0 3 1
9 .5 7 1

37*855
1 5 .0 9 0
4 ,2 7 1
2 2 .5 6 7
1 3 .0 1 5 }
2 5 ,7 0 9 ;
2 4 1 .3 1 8

1888.

N e w O r l e a n s . ..
G a lv e s t o n ..........
S a v a n n a h . . ___
C h a r le s t o n ........
M o b i l e ................
N o r f o l k ..............
N e w Y o r k ..........
O t h e r p o r t ___

3 6 ,2 -2

42,062
2,<'O0
1 5 ,3 0 0
3 ,0 0 0
4 9 ,- 0 0
0 .3 0 0
5 \0>0

2 4 ,4 2 6
3 ,8 6 3
N one.
4 ,7 0 0
N one.
N one.
675
N one.

2 3 .9 4 >
9 ,1 6 3
2 6 ,0 0 0
9 .2 0 0
N one.
N one.
6 ,4 7 5
3 4 ,0 0 0

Oalvrateo___
Vetaaco,
New o rioa a *.
K»M !« * Pen.
Bmrwmmk.....
Bfanewlea.,...
Charleston-*...
Wiimia§tes*«

T ota l 1 8 9 3 ...

2 0 9 ,4 4 1

3 3 .0 8 4

1 0 8 ,7 3 3

1 4 ,1 7 0

3 6 6 .0 8 1

7 8 5 ,6 2 9

8 2 . 8 4 “.
1 5 1 .3 0 3

3 5 .6 2 2
3 2 ,3 9 0

8 4 ,2 >t»
9 1 .5 2 6

1 9 ,0 : 3
1 9 ,1 2 5

2 2 2 .3 4 0
2 9 4 ,8 4 4

8 3 1 ,8 2 4
9 2 3 ,9 0 9

Speculation in cotton for future delivery at this market has
shown diminished vigor. No new operating element was
attracted and business was confined principally to the liquida­
tion of outstanding deals, or extending engagements into
later months. The local sentiment favors moderate crop es­
timates, but there is disappointment over the indifferent
speculative feeling and a material diminution of demand
from spinners. On Saturday the reports indicated a some­
what tame feeling at Liverpool and quite full port receipts,
under which a great many holders of small engagements on
the long side sold out and prices shaded 8 points. During
Monday there was a further shading o f about }jjc. per lb. in
consequence of unpromisiug advices from abroad and a
continuation of receipts at the ports that were looked upon
as liberal. During Tuesday and Wednesday numerous small
fluctuations took place, but the market was principally a local
one. with both “ longs” and “ shorts" engaged in settling out­
standing contracts. Demand from the mills was small at
greatly modified bids. Thursday was observed as Thanksgiv­
ing holiday and the Exchange was closed. To-day the market
opened higher in response to firmer cable advices and an ap­
parent shrinkage in crop movement, followed by a reaction
after the shorts had covered, but closed at a gain over Wed­
nesday with offerings moderate. Cotton on the spot has been
dull and closes at 8 l-16c. for middling uplands.
Tho total sales for forward delivery for the week are 618,100
bales. For immediate delivery the total sales foot up this week
14,470 bales, including ----- for export, 670 for consumption,
100 for speculation and 13,700 on contract. The following are
the official quotations for each day o f the past week—
November 30 to December 1,
Rates on and off middling, as established Nov. 22 by the
Revision Committee, at which grades other than middling
may be delivered on contract:
P a ir ........ ......... . . . . . . _____ e . l i t
on.
M id d lin g F a ir . ..................... % o n .

Strict G ood Middling....... % on.
Good M iddling._________ <•(« on.
Strict Low Middling......... Ms off
L o w M i d d l i n g .......................

Mg

o ff.

Good Ordinary............... 0 .1 %
Good Middling T in g e d ...
Strict Middling Stained..
Middling Stained...............

off.

Even.

12 off.

7 ,a off.
Strict Low Mid. Stained.. 38i 3 off.
Low M iddling Stained___ 1 % off.

2 1 ,1 3 5

Strict G ood Ordinary.......

88,296

On this basis the prices for a few of the grades would be a3
follows:

8 .7 8 6 !
2 0 ,1 1 8 ;
1 7 ,0 6 0
1 9 .9 3 9 ;

8.366

2 6 5 ,4 .8 3

1 2 ,1 7 4
3 2 .5 2 1

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

off.

S a t.

UPLANDS.

1 9 ,3 9 9

G o o d O r d i n a r y . . . ___ . . . . . . . . . .
l o w M id d li n g ....................................
M id d lin g ...............................................
G o o d M i d d l i n g . ...............................
M id d lin g F a ir . . . ______. . . . . . . .

40.952 357,6*1
15.655
15,8 .6
123,019 618,006
-.
13,224
160.052 2*3.243
6,830
19.000
62.736 160.320
69,915
38374
65.247
26, H 2
2,402
74.384 229,115
2,*3?i 54,988
51,719] 78,356
1.613
0,*41
567.771 1336.421
*50.243 1.9IS.0S9

M o n T ile *

W ed

F r i.

T li.

?
7%
8bs
8%
8 is ,,

S a t,

M o n T u rn

7%
s-ia
8 1 ’ ,.

G o o d O r d i n a r y . . . ........ ...............
8%

M id d lin g .............................................
G o o d M id d lin g ..................................
M id d lin g F a i r ....................................

5iiM

7%
8 b ,
8%
98 , „

7 4 ,«
7%
»4 8
» '!■ !

I s a l. ]M o n T u e s

L o w M id d lin g ....................................
M id d li n g .................. ................... .
S t r i c t M id d lin g . . . . . . . . . . . . . .
G o o d M ld d li b e T in fifed___ . . . . .

0%
7 U ,„
7 f* l
8%

f u lfl
Su­
2 " ?

81 »1<!

*
a
O
w

8 “ ia
7%
8 'i «
8%
8 « 1S

W ed

T il,

F r i.

IvJ ’
8h»
0%
9*1 R

&

7*18
7%
8M b
8%
0 3 ja

7% “

8%
a 7is
9

GULF.

2 1 3 .0 8 0

From Sept. 1. tmx, m Dec 1 1898.
Msporttf4 *n —
Great
ContiTotal,
Britain, Frame mnL

W 3 47,318
...a ,,..
24B.9I0 144.0613,22*
00.90* 22.18?
11.030 2.600
81,118 6.4? 6
31.071
350
54.897
Weft Point...,
25.542
N e t Sew*, Ac
2.402
New York_
_ 9JJM5
1*8,51? 6,244
4,639
Boilon.,..,**,*, 5,641 ..a.-.
6.6*1
52 551
Baltimore....... 9JM
1.947 4,251
21,803 2,833
Pblt«o«ip-a,te
m
m
5.128 1,314
Total ........ m j m
8,*79 &7.3K1 197.4<8:1. /IB 5JS.22:.’ 072
Total, 1862. . .
m. ti6 r,».tet i.l2 978 l,l-.2,M'/212.*77l

9

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

T o ta l 1 8 9 2 ...
T o ta l 1 8 9 1 ...

S T A IN E D .

B epm u
from—
*

3 ,5 0 0
3 ,0 0 u
N one.
5 ,7 o 0
N one,
N one.

3 4 .6 2 1
98312;
1 1 .1 2 5
3 3 .0 7 2 }
1 7 ,1 2 2 ;

8lnw> Bern. 1 t»il3.eS0;g7tl,S76 370 5.817!3i 10,570 3391.803 2807.176
Tlie exports for the week ending this evening reach a total
of 197.17s bales, of which 13*1,0 > were to Great Britain, 3,479
0
to r ranee and 07,319 to tho rest of the Continent. Below are
Wmk Mrnling Dec 1,
Mxmrtcrt to—
mmi
Conti-- Total
Bril'n. Frame mnt. Week.
m$mi
7M i 44.141
*♦...
1.109
$ u m 45,186
9 ,m
9,164
......
6,100
.a....
.......
is,n s . . . ,
27.140
6,079 6,079
1**786
15.76 >
’ ’’
....
,m i

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

1 .8 9 2

2.O K

s a -

sv

O
w

F r i,

W ed } T li.
0 » 1 8I
7 % 1 H o lt 7 2 i,a d a y .
8 1 ,- !

7 fa a
81

MARKET AND SALES.

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

#ry 1 m a k m * 1
.
CLOSED.

Sales o f
E x­

port.

C on­
tract.

Total.

300

133
523
191

133

3 a t ’ d a y , F .a a y ...........................
M o n d a y Dull at J1* d e c . .
T u e s d a y Dull a n d e a n y . . .
W c d ‘ d a y q u ie t ..................
T h n r’d ’y

123
191

112
111

.. H oll

Friday.. DtdLV.v.*: : : : : : : :
Total.

Con- Specsum p. ul'Vn

....

670

ib o

112

13,400 13,511

100 13,700 14.470

Futures.
96,800
173,500
146,700
82,000
i i9 ,io t i
618.100

© © © © t*M©

M ovem ent to D ecem ber 1, 1893.
R eceipts.
Shipm 'ts Stock
This
This
S ince
D ee. 1,
w eek. Sept. 1 /9 3 .
week.

^©
i o o o ^ o o o o $ o o !< © © © © 00woo
i ow oo>ooqooooic 00©©©
' V cV
o

$

h

eoxTcottStT^ r

T ow ns.

o o c ____
: c o o c c _______
© o o o cc o^o o^o o ©

J
o

Eufaula,
A l a b a m a .. .
M ontgom ery,
“
“
Selma,
Helena,
A r k a n sa s ..
««
Little Kook,
Albany,
G e o r g ia ....
il
Athens, t
tl
A tlanta
**
Augusta,
“
Columbus,
il
Macon,
**
....
Rome,
L ouisville,! K en td ck y .
Shreveport, L ou isian a ..
Columbus,
M is siss ip p i .
“
Greenville,!
il
Meridian,
II
Natchez,
h
2
**
Vicksburg,
tl
S •-* -« o • Y azoo City,J
“ a w
St. Louis,
M is so u r i . ..
T
0 C & -iS T ^ O „ .5 +* Charlotte,
1
© oO 2 © -1
N. Ca r o lin a
j *0 5 C.T o - s S S g Raleigh,
3 31
“
io ............
S s ^i ^ . f 2 g " & S Cincinnati, O hCa r o lin a
S.
C
C
fc£ ^ h - 2 M g Columbia,
“
Newberry, t
© <t.^ s,j2 ,d k ^ s . S 2
M ^ rn C Memphis,
Q
T ennessee .
1
1
Nashville,
i * " f s w l> y o a
m fe’a « M Brenbam,
T e x a s .........
• S ssf& g1
“
Dallas,
Jg.sS $ I
“
.. .
S g l Houston,
<1
H a fc 0 S -ai © a S3
o
T otal, 31 tow n s...........
° & 8 .2

*OS ©*0 1 ©CO. 0“C
J Q r-t C O M
C 0 "* © O
M
©

N

O
-H

25
O
M arket. Sates and
P rices o f
FU T U R E S .

o

M a rket,
R ange a n d
Total Sales.

Saturday, Nov. 25
Sales, to ta l.........
Prices paid (range)
C losing...............

Weak.
96,800
8 -0 0 * 8-1
Lower.

M onday, Nov. 27
Bales, to ta l.........
Prices paid (range)
Closing...............

5

Aver .. 7 93 A v e r .. 7 '9 3 A v e r .. 8 ’01 A ver
Avex ..
Lower
3,300
19,700
73.400
48,800
173,500
_
— o
7'90 a 7-95 7*90 9 7 97 7*97® 8 v 5 8*03® 8*13
7*90® 8 M
8*10
7*91 - 7 9 3 7-91- 7 9 5 7*95- 7 96 8 * 0 2 - 8*03 8*09
Easy.

Q
oq

a

fc

o
d

w
£
3
P
H
D
k*

&©
<

Tt<

05

D A IL Y
N ovem ber.

Decem ber. \ J a n u a ry .

P R IC E S

F eb ru a ry .

AND

M arch.

SALES

OF FU TU RES

A p ril.

M ay.

FOR

626
6,629
3,253
1,593
3,621
643
2 ,0 0 0

6,437
6,293
2,865
2,239
5,069
300
2,568
1,660
1,900
1,976
1,937
3,34 8
2,451
38,736
1,062
1,637
15,108
1,362
275
31,807
1,884
953
2,624
49,799

13,795
91,808
51,918
21,313
40,005
27,876
37,538
81,238
127,054
44,929
46,385
41.381
2,123
45,524
10.381
19,934
19,665
20,104
28,980
24,416
231.998
9,960
16,097
73,595
14,331
8,233
257,833
14,659
35,425
25,804
62L,878

655
4,835
5,497 21.271
2.106 12,217
2,342
6,155
5,581 11,055
622
7,251
2,257 1 2 ,0 0 0
9,733
9.079
7,729 40,060
5,431
10,362
2,056
8,359
3,290
8,645
250
651
4.313 16,384
1,921
3,849
1,951
5,700
2.635
1,620
1,557
6,795
2,821
11.972
1,681 10,902
28,459 41,597
1,032
250
1,719
2,160
16,405
6,287
1,362
268
790
20,243 103,126
957
4,454
4.670
5,657
4.191
1,004
46,164 44,439

202,675 2,112,442 189,898 1422,466
EACH

Ju ne.

J u ly .

8*12® 8*20

14,200
8*19® 8*28
8*24- 8*25

1 ,1 0 0

A v e r ..
Higher.
W eduesd’y, Nov.29
82,000
Sales, to ta l..........
— o
Prices paid (range) 7 -9 3 * 8 3
a> jjl
Steady.
Closing................. .
g o
5.fc Thursday, Nov. 30
b 3
- © Sales, total..........
Prices paid (range)
Ad
C losing...............
* 2
A ver . . Higher.
Friday, Dec. 1—
119,100
t/3
Sales, to ta l........
H
Prices paid (range) 7*96 0 8-10
Easier.
|
Closing......, .............
bfl
O fl
Q
Total sales this w eek.1 618,100
1,700
7*97
A verage price, week. I
! '!
Sales since 8 e p .l,’93»: 13,211,100 I 717,900

A v e r .. 7 91 A v e r .. 7*97 A v e r .. 8*03 A v e r .. 8*10 A v e r .. 8*18 A v e r .. 8*25
8,500
1,700 I
24,000
12,600 |
30,700
2,500
7*939 7*97 7*93® 7*99 8*01® 8*06 8*08 9 8*13 8*15® 8*20 8*22 0 8*27
7*96- 7*97 7 * 9 8 - 7*99 8 * 1 - 8*05 8 * 1 2 - —
0
8 *1 9 - 8*20 8 *2 6 - 8*27

407
93,596
5,957
1.562
3,153
43.237

206,639 1,970,615 158,872

396,627

2,133
2,828
2,920
1,600
27,683
720
1.571
12,213
1,106
287
27.229
3,030
2,998
3,195
59,320

2 0 ,0 2 2

29,15X
17,436
141,190
13,105
15,308
74,419
18,149
8,611
196,785
19,440
36,105
26,583
722 297

Septem ber. |

October.

Aver . . -

I

A v e r ..

Aver.. 8*32 A v e r .. 8*38 A v er . . 1,900
100
8*30® 8*34 8*389 8*33- 8*34 8 * 3 9 - 8*41

200

2,219
11,162

e» a ® S

5 S §5
d © ©O
1

w ■ W
• ** ’» Z
H2
-S h ~ s ‘
°
ts o ©
* o3
M S d h3 ©
Lj ^5
m*» 2
- . 2 ’g ^ c c 1
4

r 4 rt to £ ©
t >
*

2 -d

* *"* ja
« © SsSS-o
©.a o5 o3 c
T
_1
13®
S W .
3 ,
© ^ 5«2
|a &
® © O£ S3 a s
* 3 ^ 2 e ? -5 c
rH
H
0 £> , .
©©
t- s
= S ca ^ fl) v 7) g■
3
© ®a
d S'" a
fcf J +
* =
<pjbc O © — © © .£2
5 -M &
3
5 ^

5 ® 3)

a pi s
Ks
•a & ©
— ~ .d'

BP H

1 « &©
3

•
^ !S
- ° J ts g

if a ?l

m i l
©M "a 2 a
1-2 S & ® g ± 7
ci Zb t->
0 © d © q .«*p d

a s :
^ ©^ a «©
- O t *
->
^ w ^ -d © U A
O
Q.
m bf ^ O.TJ
d * M*d
0 $ a

• s r sO*rA |j 4 %-0 JO *© *-ri
g -l C - M
-3
^ ^ « Cs.§ § C oo o ©15 rj °
s- c j
«- 4 a 'o
m .d c rd.d o d © — *d d *f © *->
©
^
Jz o o o -3o
-ip O
rr -r-4 ^
d©
“ ®®©®®®
i-d © |
p
a o ©©c ©O
bed A
§ d t ’dr-d’d T a ts p i s
© P 2- & C ©. C
<
. u o o c
rO
-ill
© • * .* • • •
2 ®
O r ; ® 2 3 ®*-a
> ---- ;------- 7—
g* O
a
^ £ -d
■^
4
p cc © p: *- © 0

— ®"
A ver . . -

4,323
17,639
7,885
9,192
8,143
4,647
12,274
9,350
36,060
12,768
4,808
6,738
2,4 80
11,761
4,556
5j570
4,880
8,903
15,560
2,162
45,435

a.d
% dd« o aa
% e* k u n
■ S •v, f i S g
-S

A ver ..-

A ver . . -

200

8*270 8*34 - ® 8*41
8 31- 8*32 8 * 3 7 - 8*39
A ver .. 7*93 Aver . 7 96 A ver .. 7*98 A ver
8*05 A ver . 8*11 A v e r .. 8*18 A v e r . . 8*26 Aver.. 8*34 A v e r .. 8*39 A ver .
Higher.
Tuesday, Nov. 28 12,400
300
4,100
34,100
17,200
69,800
1,200
7.100
500
116,700
Sales, to ta l........
7*93 0 8*00 7*94® 8*02 8*01® 8*09 8*07® 8*16 8*14® 8*21 8*210 8*30 8*310 8*37 — ® 8*39
7*93® —
Prices paid (range) 7 9 3 3 8-3
7*96 8 02
8*03 8 * 0 8 - 8*09 8 * 1 5 - 8*17 8 * 2 3 - 8*24 8 3 0 - 8*31 8 * 3 6 - 8*38
7 ‘9 0 - 7*93 7 * 9 3 - 7*95 7*95
Tame.
C losing.................
8 * 1 6 - 8*17

970
2,802
2,405
1,487
1,890
1,417
457
4,811
5,848
1,314
1,432
3,502
174
4,881
862
1,500
577
1,258
1,241
1,600
20,807
820
1,451
11,378
1,106
72
14,890
880
3,000
2,437
61,543

2 ,0 0 0

15,233
78.512
42,077
19,180
15,356
24,619
29,451
77,2L5
119,555
44,586
41,261
37,953
3,327
36,366
13,065
17,615
13,636

a
A u g u st.

Aver.. 8*39 A ver . . A ver.
700
8*39® 8 40 — *9 —
8*38- 8*39 8 * 4 4 - 8*46
8*08 A ver .. 8*15 A v e r .. 8*22 Aver.. 8*31 A v e r .. 8*41 A v e r ..
12,800

1,095
6,370
3,854
2,423
2,189
1,008
3,109
6,456
8,965
3,759
2,678
4,750
644
5,468
2,348

M O N TH .

8 1 0 Avei
8*18 Aver .. 8*27 A v e r .. 8 34
801 A v e r .. 8 0 3 A v e r .. 8-0 3 A v e r
4,900
1,400
32.600
5.100
-------32,900
16.600
2,600
— O 8 01 8 -0 0 » 8 ’06 8 '0 0 d 8 O81 8-08 a 8 T 6 8*15® 8*24 8*23® 8*31 8*310 8*39
8*17 8*2 3- 8*24 8 *3 1 - 8*32
7 9 6 - 7*98 8-00- 8-01 8 '0 1 - 8 ’02 8 -0 8 - 8*09 8*16

Aver

M ovem ent to D ecem ber 2, 1892.
Receipts.
Shipm 'ts Stock
This
This
S ince
D ec. 2.
week. Sept. 1 /9 2 . w eek.

j

g

A ver.

d -4 ^ b
J fl

yj
©

c
-

j. •

7
g r ig & 3

d Z'-'.tZaZa2 0 1

d

A . > . © . . fH= .S
rd t » 0 © ^ r © 0
y, S c Q«-3 ^ ^ 0
z

H O L ID A Y
A v e r .. 8*01 A v e r .. 8*05 A v e r .. 8*11 A v e r . 8*1 7,A ver.. 8*2 6,A ver.. 8*33A v e r .. 8*37 A ver
A v er . . 8,900
2,800 |
26,700
22,000
50,600 |
6,700
1,400
7*96® 8*04 7*99® 8*09' 8*05® 8*16 8*12® 8*23 8 1 9 9 8*28 8*26 9 8*35 8*34® 8*40 — ® 8*01- 8*02 8*05 - 8*06 8*12- 8*13 8*18- 8*19, 8 *2 6 - 8*27 8*33 - 8*34 8*40- 8*42 8*46 8*48
14,500
7*97

166 500
7*99

(88,100
8*06

257,100
8*13

34,^00
8*21

48,900
8*28

6,300
8*35

600
8 39

1,817,900

6,378.100

932,200

2,408,600

250,000

380,300

54,000

2,300

A v e r . . -------- A ver . . -

© o© © c© o©
© © © c ©©©
0

C O 's! AaAjajida
3
®o
V~ e © (j,® ® © ® ®
)
©©
r3+5 tS
o o

300

h

I

“ o

5 SS°BBSB
© 'd'd'd'c'd’S’d
-d P ft P P. P. O 0
<
s 4
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©-M ©OH
K O-<
mm ,
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THE CHRONICLE.

December 3, 1893.1

Q u o t a t io n s f o b M id d l in g c o t t o n a t O t h e r M a r k e t s . - -

Below we ^171? closing quotations o f middling cotton at South­
ern and other principal cotton markets for each day of the week.
CLOSING QUOTATIONS FO B MIDDLING COTTON ON—

Bee , U

Man.

Satur.

G alv eston ...
New Orleans
Mobile
. .
S avan nah...
Charles too .
W ilm ington.
N orfolk ........
Boston ____
Baltimore
Philadelphia
Augusta . ..
Memphis . . .
St. L o u is___
Houston .. .
Cincinnati .
Louis v illa ...

7=8
7*13
7%
77m
7*ry
74
77l3
8%
77*
Sb,
75,? wa*
7=8
7%
7H
7 73
73*

7>!js
7%
?>*
71j
7frg
78i
7 ’ 1*
s i*
7 7*
8=8
7714
7=8
7%
7=s
77*
75*

Tues.

Wednes.

7ais
7Hl
77j„
7-18
7%
78.
7 tv
8*13
77fl
8%
7%
7fr*
75lS
7i*t,
77*
7tfr*

7*u
7>«
77 *
77 Js
7 » ,«
7%
78i
8 X1 «
7 78
8>o
7%
H it
7Bi*
7frs

T hun.

Fri.
7frs
7Lj
77j8
7J
ie
7t*
7%
7frg
8*13

*s
~

773

o
S$
.

BN.
77,3
7»ie
7 9!8
7fr«
77*
Ih

7=8

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
A tla n ta ............
Columbus, G ».
Columbus, Mina
E u fa u la ...........

RECEIPTS PEOM

the

7>*

1
7*3 i N ew berry.........
7»t*l 1R aleig h ............
7% |S e lm a ..............
?*IK 1 S h r e v e p o r t ........

71* 1 Little Rock . . .
7M Montgomery. .
7M |N ash ville.........
7=e 1N a to h e i... . . . .

......

7%
73,,

P lantations .—T he follow in g 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 o f the weekly
movement from the plantations of th a t part o f the crop w h ic h
finally reaches the market t h r o u g h the o u t p o r t s .
Wuk
B
’ mlimt—
oct,
Not.
*
*
*
*
Dec.

m ..
3 ....
10......
i? ...
U .....
1 ...

Receipt* at the Part*. \$iT at Interior Tmciu. \
k
ftec'pt* from Plint'm,
I*»l. | 1*93. i 1803. i 4991. 1 W92.

IK93. j 1894.

IM S. j 1»1.
K

$1

a4o
M&pi 7i«*,7i i ' -m .m > ?o ?3
l$
9 S7i/J40
31U S f l ^ a j b b l 378.630'Ml.081
38i l-S
M
b
, I:l &
U
m M e- •370/0-3. 3i?.;;:9
$.m n i
sa fa r iItm M i
m u h m js?
812,010
913£!5 1 1 7c* SM,0Q3W,*1«
*3
SC .TO
D d
2Muaj4i*.4ft£
*

The above statement shows; 1.—That the total receipts from
the plantations since ttept, 1 in 183)3 are 3.819.930 bales; in
1892 were 3.00B.389 bale*; in 1891 were 4,331,837 bales.
2 .— T h a t a lth o u g h t h e r e c e ip t s a t th e o u t p o r t e th e past w e e k
w e r e 39.3,931 bales, t h e a c t u a l m o v e m e n t f r o m plantations? w a s
309,70-5 b a le s, th e b a la n c e g o i n g to in c r e a s e th e s t o c k s at
th e in t e r io r t o w n s . L a st y e a r t h e r e c e ip ts f r o m th e p la n ta tio n s
for th e w e e k w e r e 298,133 lu t e s and f o r 1891 they w e ie
313,083 b a le s.
O v e r l a n d M o v e m e n t f o b 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 m o v e m e n t
for the week and since September 1. As the ieturns reach na
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but a ll
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. 1
and since Sept. 1 in the last two years are aa follows:
1893.
pteem ber 1.
Week.
Shipped—
v ia St, L o tu s ................

Since
Sept. 1.

1892.

Since

Week.

Sept. I

11,882
5,754
8.457

10,700
38,028

20,807
i 12,372
717
11,777
5,474
10,082

74,374

425,904

81,118

457,103

18,081
2,70:8
5.477

08,580
11,743
33,72'j

12,721
1,648
4,369

66.115
8,057
20,573

24.886

114,058

18,738

100,745

L eavln gtotal net overland *.. 49,508 311.846
• Inoladlug m ovem ent by rail to Canada.

0 2 .3 8 0

3 5 6 ,4 18

Via Cairo...................

Via ilannitnil.................
Via E v a n s v ille ..... . . . .
Via Lewisville................
V i* Cincinnati...............
Via other route*, A c ...
Total sTOfls o v e r la n d ....___ _
Deduct <Aimnent*—
Overland to N . Y., B oston, A c ..
Betw een Interior t o w n * _______
Inland, A c., from South ............

Total to he deducted.

28,4 55

15.869
3,351

ft 2

208.903
■32.191
4,558
4.711
37,Sf.g

142,157

77.043

63.972
4,770
58,103
3?<,322
S3,801

The foregoing shown that the week’s net overland movement
this year has been 49,508 bales, against 83,330 bales for the
week in 1892, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 44,572 bales.
Jh Sight and. Spinnert'
Takinge.

1893.
Week.

Since
Sept 1.

1892.
Week.

iSince
Sept. 1

2,993,650 248,355 2.741.576
311,846 62.380. 356,118
2 2 1 ,0 0 0
16,000 201,000

Booeljrt* at port* to Deo, 1..........
* « t overland to Dac. 1.................
Southern coneum ption to Dec. 1.

2 9 6 ,9 3 1

Total m arketed.......................
Interior stock* In e x ce**.............

365.439 3.520,196 328,735 3,298,994
12,777 346,300 47,767 287,993

49,50s
19,000

Came Into eight during week. 378,216
Total In eight Dee. 1 .............
Worth'd spinner* tak’ji* to Dec. 1.

376,502
3 ,s f a y ® V ,

549.798

.....1

3,566,987
638,804

It will be seen by the above that there has come into sigh t
during the week 378.218 bales, against 37.3,502 bales for t» e
some week of 1892, and that the increase in amount m sight
to-night m compared with last year is 305,809 bales,

945

W eather R eports by Telegraph.—Telegraphic advices
to us this evening from the South denote that rain has fallen
in about all seciions during tne week, and that at some points
in the Southwest the precipitation has been heavy. Picking
is drawing to a close generally. The marketing of the crop,
except where interrupted by rain, has made rapid progress.
Galveston, Texas —There has been rain on one day of the
week, the precipitation reaching one inch and sixty-eight
hundredths. The thermometer has averaged 56, ranging
from 43 to 72. Month’s rainfall three inches and ninety-two
hundredths.
Palestine, Texas.—W e have had hard rain on two days of
the week, the rainfall reaching one inch and sixty-five
hundredths. The thermometer has ranged from 28 to 78,
averaging 53. Rainfall for November four inches and fortyone hundredths.
Huntsmile, Texas.—There has been rain on one day during
the week, the precipitation being one inch and forty hun­
dredths. Average thermometer 55, highest 74 and lowest 30,.
during the month of November the rainfall reached five
inches and seventy-eight hundredths.
Dallas. Texas.—Picking is finished in Texas, W e have had
excellent rain on three days during the week, the precipita­
tion being on?? inch and sixteen hundredths. The thermom­
eter has averaged 48, the highest being 74 and the lowest 22.
November rainfall three inches and twenty-four hundredths.
San Antonio, Texas—W e have had rain on two days dur­
ing the week, to the extent of seventy-seven hundredths of
an inch. The thermometer has averaged .57, ranging from 33
to 8 2 . Rainfall for the month of November four inches and
forty hundredths.
Luting, Texas.—There lias been glorious rain on two days of
the past week, the rainfall being one inch and thirty hun­
dredths, The t h e r m o m e te r haa r a n g e d from 32 to 76. average
log 54. During the month of November the rainfall waafour
inch?-* and sixteen Hundredths.
Columbia, Texas.—W e have had hard rain on one day o f
the week, to the extent of two inches and twenty-five hun­
dredths. Average thermometer 54. highest 70 and lowest 32.
During November the rainfall reached two inches and seven­
ty-five hundreiitb-?.
Cuero, Texas.—It haa rained hard on one day of the week,
the precipitation reaching two inches. The the monn-ter has
averted 54, the highest being 70 and the lowest 32. Novem­
ber rainfall three inches and forty-eight hundredth-?.
Brenham, Texas.—There has been ram on one day of the
\ve?-k, the h> aviest on record, the rainfall reaching six inches
and forty-five hundredths. Toe thermometer has av- raged
59, ranging from 42 to 76. Rainfall for the month of Novem­
ber too inches and fifty-four hundredths.
Belton. Texas.—We have had welcome rain on two days of
the week to the extent of one inch and twelve hundredths.
The thermom? ter has ranged from 28 to 84, averaging 50.
Daring the momh of November the rainfall readied throe
inches and sixty hundredths.
Fort Worth. Texas.—Th-re has been one shower the past
week, the rainfall teaching sixty hundredths of an inch. Av­
erage thermometer 66, highest 78 and lowest 33. November
rainfall three inches and thirty hundredths.
Weatherford, Texas.— We have had one shower during the
week, the precipitation being thiriy-sev? n hundredths o f an
inch. The thermom. rer has averaged 56, the highest being
76 and the lowest 36, November rainfall three inches and two
him rlrcd lln.
New Orleans. Louisiana.—Rain has fallen on two days of
the w e e k to the extent o f three inches and thirty-nine hun­
dredths. The thermometer has averaged 56.
Shreveport, Louisiana.—Black frost occurred on the 24th.
There has been ram to the extent of two incites and thirtyseven hundredths, on two days of the week. The thermome­
ter has ranged from 29 to 74. averaging 51.
Columbus, Mississippi.—We have had rain on two days of
the week to the extent of one inch and thirty-four hun­
dredths. The thermometer has averaged 50, the highest be­
ing 70 and the lowest 23. Rainfall for the month of November
two inches and one hundredth.
Lelawl. Mississippi.—W e have had rain during the week,
the rainfall resetting one inch and seventy-live hundredths.
The thermometer has averaged 47, ranging from 25 to 74,
Meridian, Mississippi.—Cotton receipts continue to fall off.
Rain haa fallen on two days, but the remainder o f the week
the weather has been pleasant.
Little Bock. Arkansas. —Telegram not received.
Helena. Arkansas.—Picking is about finished. The yield in
this section is ten per cent less than last year. Rain haa fallen
slowly on one day of the week, to the extent of one inch and
forty-two hundredths. Average thermom.-ter 45'5, highest
67, lowest 24. Rainfall for November four inches and ninetyeight hundredths, on four days,
Memphis, Tennessee.—Picking is drawing to a close. It
rained on two days of the week, the precipitation reaching
one inch and forty hundredth*. The thermometer has ranged
from 24'1 to 68 7, averaging 44'2.
Montgomery, Alabama.—Cotton is nearly all picked. There
has been rain on two davs of the week, the rainfall reaching
one inch and thirteen hundredths. Average thermometer 50,
highest 60 and lowest 40. During the month of November
the rainfall reached two inches and sixty-five hundredths.
Mobile, Alabama.—Rainfall for the week two inches and
thirty-five hundredths, on two days. Average thermometer

THE CHRONICLE.

946

58, highest 74 and lowest 32. During November the rainfall
reached three inches and fifty-four hundredths.
Selma, Alabam a.—Picking is finished and the next two
weeks will see practically all cotton removed from planta­
tions. W e have had rain on one day of the week, the rain­
fall reaching one inch and forty hundredths. The thermom­
eter has averaged 47, ranging from 25 to 70.
Madison, F lo rid a .—The crop is all gathered. W e have had
rain on three days of the week, the precipitation reaching one
inch and forty hundredths. The thermometer has ranged
from 33 to 77, averaging 63.
Columbus, Georgia.—There has been rain on one day of the
week, the rainfall reaching ninety-six hundredths o f an inch.
Average thermometer 48, highest 65 and lowest 27.
Savannah, Georgia.—Rainfall for the week sixty-nine hun­
dredths of an inch, on one day. The thermometer has aver­
aged 52, the highest being 71 and the lowest 31.
Augusta, Georgia.—Cotton is coming in freely bnt receipts
are gradually diminishing. There has been rain on one day
of the week, the rainfall reaching fifty-four hundredths of an
inch. The thermometer has ranged from 36 to 72, averag­
ing 47. Rainfall for November one inch and ninety-eight
hundredths.
Charleston, South Carolina.—Rain has fallen on one day of
the week, the rainfall reaching twenty-six hundredths of an
inch. The thermometer has ranged from 33 to 72, averag­
ing 52.
Stateburg, South Carolina.—General killing frost with ice
occurred on Saturday last. There has been rain on one day of
the week, to the extent of sixty-three hundredths of an inch.
Average thermometer 44'8 highest 61 and lowest 25.
,
W ilson, North C arolina.—Rain has fallen on one day o f the
week, to the extent of forty-three hundredths of an inch. The
thermometer has averaged 43, the highest being 64 and the
lowest 25.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
3 o’clock November 30, 1893, and December 1, 1892.

[V ol. LVII.

dull for sheetings. Merchants are not willing to pay present
prices. W e give the prices for to-day below and leave those
for previous weeks of this and last year for comparison:
1893.
32» Oop.

1892.
QotVn
M id. 32* Cop.
Tw ist.
TJplds

Twist.

Oo. 27
N ov .3
“ 10
“ 17
“ 24
Dec. l

8 H lbs.
S h irtin gs.

<1.
d.
7% ® 7%
7±e
7
r>73e
a
6 78 '©T1
*
61»I6®738
®7»s

8. d. s. d.
5 1 0 1 7 7ta
*©
5
7 -|
T
fl
5 1 0 ^ (1 7 7 ^
5 9 n i 7
5 8Uj©7 7
5 8 r
tb7 7

d.
4i*
4&a
4i*

d.
d.
6 r 8 '©71
>
*
6 ^ '©7*8
6 7q
\
714 '©S is
41* 73j '©S1
*
47ia 7^1 '©S1
*

8 H lbs.
S hirtings.
8.
5
5
5
5
5
5

d.
8. d.
li* © 6 9
2 96 9
3 9 6 10
6 97 0
7 * «9 7 2
7ta© 7 2

Oott'n
M id
U pldi

d
•716
*
41*
4^16
415 is
5*4
5!«

C o t t o n C o n s u m p t io n a n d O v e r l a n d M o v e m e n t t o D e c . 1.

our editorial columns to-day will be found our usual
overland movement report brought down to December 1 .
— In

S e a I s l a n d C o t t o n M o v e m e n t . —W e have received this
(Friday) eveoing by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (Dee. 1) and since
Sept. 1, 1893, the stocks to-night, and the same items for the
corresponding periods of 1892, are as follows.
1893.
B cceip ts to D ec. 1.

1892.

Stock.

This
S ince
This
Sitice
w eek. Sept. 1. w eek. Sept. 1. 1893.

1892.

Florida, &o........................

1,997
111
290

33,585
1,727
1,293

2,406
537
304

20,013 12,969
3.495 1,415
1.613
941

7,723
1,172
722

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

2,398

36,605

3.247

25,121 15,325

9.617

8a\ a n n a h ..........................

The exports for the week ending this evening reach a total
of 280 bales, of w h ich ----- bales were to Great Britain, 280
to France and — to Reval, and the amount forwarded to
Northern mills has been 1,545 bales. Below are the exports for
the week and since September 1 in 1893 and 1892.

N ov. 30, ’ 93. D ee. 1, ’ 92.

N ew O rleans............. A bove
M em p his....................Above
N ashville....................A bove
S h rev eport................ A bove
V lok8bury..................A bove

F eet.

F eet.

4-0
3-0
3-3
1-3

low-water m ark.
low-water m ark.
low -w aterm ark.
low-water m ark.
low-water m ark.

31
4-6
7-9

11-1

1-0

the week and year, bringing the figures down to Nov. 30.
BOM BAY RECEIPTS AND SHIPMENTS FO B FO UR YE A R S.

S hip m ents s in c e Sept. 1.

.........

4.000
9.000
3.000
2.000

O ontin en t.

6,000

0 000
0 00 0

1893
1892
1891
1890

G reat C on ti­
G rea t
B riV n . n en t. T otal. B r ita in

tC O O
C C jfcA
boob

Jeta-

66.000

42.000
27.000

C aloatta—
ji 1893.........
* 1 8 9 2 .........
Madras—
1893.........
1892.........
A ll others—
W 1893.........
• fl8 9 2 .........

Total allW 1893 ...
18 92...

Oontin ent.

Total.

S ince
Sept. 1.

121,000
78.000
91.000
114.000

Shipm ents sin ce Sept. 1.

S hip m ents fo r th e w eek.
G reat
B rita in .

T h is
W eek.

65.000 15.000
69.000 21.000
45.000 8,000
32.000 25.000

59.000

3.000
3.000
5.000

R eceipts.

T ota l.

B rita in .

C ontinent.

Total.

2,000

2,000

3.000

1.000

2,000
2,000
12,000
11,000

4,000

5.000

1.000

8.000

6.000
20 000

19.000
17.000

34.000
30.000

29.000
26.000

1,000
1,000

3.000
4.000

15.000
13.000

1,000
1,000
2,000

30.000
26.000

59.000
52.000

5,000

5.000

16,000

EXPORTS TO EUROPE FROM A L L IN D IA .

1892.

189k.

1891.

S hipm ents

to 0 I t E u ro p e
fr o m —

T h is
w eek.

8 in c t
Sept. 1.

T h is
w eek .

S in ce
Sept. 1.

T h is
w eek.

S ince
Sept. 1.

B om b a y ...........
A llo tb e rp o rts.

4.000
5.000

65.000
59.000

9.000
1.000

69.000
52.000

3.000
2.000

45.000
51.000

T o t a l ..___

9,000

124.000

10,000

121,000

5.000

96 001

A l e x a n d r i a R e c e i p t s a n d S h ip m e n t s .—Through

arrange
•ments we have made with Messrs. Davies, Benachi & C o., oi
Liverpool and Alexandria, we now receive a weekly cable ol
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for t,bf
Corresponding week of the previous two veers
A le x a n d ria , E o y p t,
N ovem ber 29.

B e oeip 18 (oant ar s*). . . .
This w eek___
Since 8ept. 1.

1893.
290,000
1.6 46.000
T h is I S in ce
w eek . \Sept. 1.

1892.

1891

350,000
2.906,000

300,000
2,389,000

S in ce
T h is
w eek. Sept. 1.

S ince
T h is
w eek. S ip t. 1.

3Evports (bales)—
T o L iv e r p o o l............ 13,0<W 86,000 23,000 157,000 10,000 139.000
To C ontinent............ 7,000 66,000 9.000 74,000 5,000 41 000
T otal Rnrnpe......... 20 eon 152.00r 32,000 231,000 15,000 183,000
>
M a n c h e s t e r M a r k e t . —Our report received by

S ince Sept. 1, 1893.

Great France
Great F r'n cc
Total. B riVn.
Total-.
BriVn.
<£c.
<£c.

11,404
166

cable to-nigh t
from Manchester states that the market is quiet for yarns and

Savannah...
Charleston..
F lorid a.......
New Y ork ..
B oston ........
Baltimore ..

____
.........

280
....
.........

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

2-7

and shipments of cotton at Bombay have been as follows foi

S hipm ents th is w eek.

W eek E n d in g D ec. 1.
E xp orts
from —

.........

230

280 14,605

Total 1892..

121

342

463

280
......
.........

2,706
3 ’29
.........
6.413

1,167 12,571
166
1,074
.........

3,780
329
.........

2,241 16,846
802

7,21n

N orth'll 2[ills
Since
Week. Sep l . l .

1,159
96
290

4,707
410
1,158

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

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

1,545

6,275

1,323 10,200

W e include each week only such cotton as is actually
exported. In other words, a large portion of the 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.
Q u o t a t io n s —Dec. 1.-—Savannah, Floridas, common, 14;
medium flue, 163^; choice, 18Jy.
Charleston, Caroliuas, medium fine, 25 to 30c.; fine, 40c.;
extra fine, 50 to 60c.
J u t e B u t t s , B a g g i n g , &c.—Tbe market for jute bagging
has been quiet the past week. While a number of the mills
have shut down, the active season being practically over, some
of the larger ones are still in operation and have been right
along. Quotations for jobbing lots are unchanged at 5}£c.
for \% lbs., 5% c. for 2 lbs. and
for standard grades.
For car-load lots of standard brands the prices are somewhat
lower, viz: 4 ^ c. for
lbs., 4%c. for 2 lbs. and
for 2J^
lbs., f. o. b. at New kork. Jute butts are without special
feature and quiet at 1% c. for paper grades and 2J^c. for bag­
ging quality.
E a s t I n d ia C r o p . —From Messrs. Lyon, Comber & Co.’s
cotton report of October 27 we have the follow ing:
Crop accounts to hand by wire and letter to-day are all very satisfactory, and providing no m ore rain falls we look fo r a large and sat­
isfactory yield from almost all districts this season. The follow ing
(second) memorandum on the cotton crop of 1893-4 has ju st been issued
by the Dept o f Agriculture, and though perhaps nor, quite as favora­
ble as are the accounts received from other sources, this may on the
whole he regarded as satisfactory. The report states: “ The high
prices obtained fo r cotton last year, aud the seasonable weather in the
early part of the present summer, has induced cultivators in most
cotton-grow ing tracts to put a larger area tliau usual under crop. The
area sowu in Madras is some 10 per cent above the average, and is
especially large in the D eccan districts. In the northern tracts of Bom ­
bay the sown area is 18 per cent aud iu the southern tracts
13 per cent above the average. In Berar aud the Northwestern Prov­
inces there is a slight decrease, but iu the Central Proviuoes and the
Punjnub the returns show a considerable increase in the sown acreage
over that reported in 1892. The season has also been generally favor­
able for the grow th of crops. Some slight damage was caused by want
o f autumn raiu in Madras and by rats iu part o f Bombay. The floods
in Sind were somewhat irregular, aad in the Punjaub caused some loss
to riverain sowings. In Western India the break in July was follow ed
by heavy raics iu August and in early September, aud after a further
break iu September slight ruin fell iu October. W eeding iu the Central
Provinces was benefitted by the early break, bu t was interfered
with in Berar by the August rains. These rains caused some loss in the
northern parts o f B ombay, aud a second break had a similar effect in
the south; but light showers in October are expected to have im proved.

THE CHRONICLE.

December 2, 1893.j

the prospects generally. Roughly speaking, the out-turn in Madras is
expecied to be lair; in Berar satisfactory; iu Bombay fa ir to good, and
in Central Provinces excellent. In the Northwestern Provinces the
prosi eets ate below the average.-’
The Governm ent estimate (second! o f acreage fo r the early crop o f
the Deccan has ai-o been issued, and makes the total I , 198,4 i t acres
against 1.2m ,-U 9 acres last season, o f which Khandeish is responsi­
ble for 1,047.757 acres, or
per cent less than last year, but o v -r
9 per rent above the average, but ow ing to m ore favorable weather
this year than last the "Ut-tura is expected to be better. The first es
tiuiate o f acreage o f the iaie crops has also lust been Issued, and in
Guzerut and neighborhood a large increase is reported, and prospects
are favorable. The boa! returns art* not yet to hand, and lhe figures
given are consequently incom plete, hut according to the present re
turns the acreage ia Guzsrat is 703,Otic, o r 18 p -r cent above the aver­
age—in Guzerat States 2 .6 5 8 ,0 0 0 acres, or 8-* per cent above average.
The second report on the crop in the Berars gives the area at 2,201,5*41 acres, against 2,210,594 acres sown during the game period in
1892.
E xports o r Cotton Goods prom G reat B ritain.—Below

947

Total bales.
Savannah —To Liverpool, per steamers Avalon, 5,557 upland
and 1.162 Sea Island ..Norfolk. 4.427 upland and 1.000
Sea Island-----Strtrhallan, 5.480 upland and 1,883 Sea
19,314
Island............................................................
To H ivre, per st *amer Cydonla, 4,200 upland and 404 Sea
Island.......................
4,604
To Bremen, per steam-ra Don mi. 6,149___ Monarch, 5,775 . 11,914
1,932
To Warberg, per sark Color, 1,932 ..................................... ......
Charleston —'To Bremea, per steamer Glenmarven, 7,650........
7,650
To Reval. per steamer Guildford. 6 ,3 0 0 ..... .................. .......... 6,300
Wet iunoton—To Bremen, per steamer Petunia, 5.818 . . . ......... 5,318
To Ghent, per steamer iv.irdsworth, 5,375........................... ... 5,375
Norfolk .— I’o Liverpool, per steamers Baltimore, 8,8 79.......
Sheikh, 1>>,069........
18,918
West P oint —T o Liverpool, per steamer H>len, 8.470.................
8,470
B oston—To Liverpool, per steamers Cephalonia, 1,0 47.......
Kansas. 2,712 ...S ach em , 2,760
............ ....................... 6.519
B altim ore —To Bremen, oer steamer Weimar, 4,969................... 4,969
To Hamburg, per steamer Polynesia. 210 ........................ .
210
To Rotterdam, per steamer Fatapsoo, 6 u 0 ...............................
600

we give the exports of cotton yarn, goods, &c., from Great
Total........... .........-......................................................... 250,812
Britain for the month of Oc’ober and since January 1 in
1893 and 1892, as compiled by us from the British Board
The particulars o f these shipments, arranged in our ustu 1
of Trade returns. It will be noticed that we have reduced form, are as follows;
the movement all to pounds.
B ull,
R'dam, Ghent, Genoa
» ir

lotal of AU
.

Cloth.

:FaradtThread,
000* o m i t t e d .

ISM.

L
b*.

i 88*.

1893.

Yd*.

Yd*. \ Lb*.

23.566

381.296
312,021

403.771 j 73,600
443.181} 65.773;

9*988

S7J.3M

*18 .75!

m ,W i

7 1 .88 P

Bremen

Ant- IF irh',/

and
Yentpool. Lei'h, Havre, burg. Reval. Qoi’b'g. utekt. Tola .
New York. 18,030 5,225
629 1,847 1,114 1,090
583 28 573
74.820
N. Orleans. 3 5 .4 -9 .........39,331 .....................................
44.786
33,632 ......... 6,154
..................................
19,314 ......... 4,604 11,924 ........ 1,932
37.774
.......
7,050 6,300
13.950
11.193
. . 5,818 ......... 5,375
18.948
8.470
6.510
....... 5,179
600
5.779

L iver-cas te it

Total . . 145.452

t Ham- irerp ,{■ and

5,225 50,718 32.418

8,014

8,397

588 250,812

Below we add the clearances this week of vessels carrying
cotton from United States porta, bringing our data down to
the latest dates:

The foregoing show* that there has been exported from the
United Kingdom during the ten months 937,199,000 lbs. of
manufactured cotton, against 1,003,315,000 lbs, last year, or a
decrease of 66,818,000 lbs
A further matter of interest is the destination of these
exports, and w« have therefore prepared the following
statements, showing the amounts taken by the principal
countries during October and since January 1 in each of the
last three years;
xxports or Place o kjos and tarn* to p&otcnut. ootnrraras »
OCTOBER, ASP PRO* JANUARY 1 To OCT*,BKR 3 i.

Jsm|UO f i.
ct:,

Piece Good*.

(000* om U .)
Ud
ladim

Turkey. K m * * n d Africi

C la* md i sȣ -.........
ts
ri*n

(except Turkey),.
8 0 0 th Amertee . . . . . . . . .
North America ............ .

M dpypo

1893, j 18

| 1891.

1898.

Wm,

}

1891.

2 5 2 4 168.270 W.207i»,rt7i, ,7 5 M W 1.759,283
1J1
57.0? I
et m
527,1 S i’ 540,157! 08?.#15
35,455 * » .m
i*rs.*4« 461.898 46,7*1
m .o'i m jm 87.085 21S04V. 229^10 285,4 70
8 (4 }
07/86 8 .9 0 510.900 569.43 d 474.961
25,118! *9*1m l C28.3---* m*jM\ 2.'5.017

36.4.VJ

G alveston —T o Liverpool Nov. 23 8 t«am *r John B ight. 7 .1 1 3 ....
Nov. 24 -Steamer P ota to. 6,724 ___N iv, 2 7 -Steam er Cltv o f
Gloucester. 6 . *3 2
Nov. 2 3 - * 'earner Ethslrala, 5,625 . . . Nov.
29—
Steamers Nut field, 6,195; VY'iiit- Jacket, 5,238.
To Bremen - Nov. 2 8 Steamer Ea-tby Abbey, 7 , 5 t 4 ,
New O rleans —To Liverpool Nov. 28 Steamer Engineer, 5,870 . . .
Nov. 29 -S tean o rs Gadttano, 5,500; Yucatan. 5,180. ...D e o . 1—
Strainer Inventor, 4.*u0.
To London—N .v. 2 1 —
Seaiim r C iyo Romano. 4.055.
To Dunkirk Nov. 29 Steamer Marlon, 2.850.
To Bremen Nov. 2 4 -Steam er O rb), 4,450 ...N o v . 29 -Stsam or
Ahergoldte. 6 . H40.
To A otw w o -N o v :4 - 8 t«am >r C avo Romano, 775.
Mobile —To Liverpool—Nov. 24—Steamer Violante, 2,001 ...N o v . 29 —
8 t-a>ner Datmally. 7,150.
Port Ro t a l - To Liverpool N >v, 27—Steamer Sastanderlao, 7.453.
OhahlesTo x —T o (Jveroo d N ov.2 a—Steamer K m g*hale,5 .7 0 7 upland.
To Bremen Nov. 2 7—St *»mer Prosit field, 7.225.
T o Gotten -nrg
Nov. 75 -B a rk Jnsto. 1,800.
WuaitRUTuN—To Bremen—Nov. 24 -Steam er Sandhi!!, 6.079.
Nora tLR —T Liverpool—N »v . 2 5 —
o
Steamer Q teen .Margaret, 7 ,2 7 1 ....
Di e l — -teanter Gerona. S.494
West P oint - To Liverpool -N ov. 30 -Steam er O seinie, 8.811.
B u rros— To Liverpool Nov 2 1 —steamer Boat mian. 1.3 5. .N ov. 21—
Bteam-rs Cataloti'a, 1.362; Norseman, 1,366 ...N o v . 27 Steamer
Ctutbroman. 1.008.
Baltimore -T o Liverpool —Nov. 21—Steamer Redgemore. 1,907.
To L *ndon N *v. 23 -Steamer Minnesota 400.
To H a m bu rg-N >v. 2 3 —9tea no* Htnrnit »ft, 709.
To Antwerp - N ov 24 -Steam er Rialto. 1,247.
P h ila d e l iu iia - T o i.lvorpooi- Nov. 2 1 -S team er British Prince, 539.
To A n tw erp -N ov . 2 1 —
steam er Illinois, 725.

Below we give all new* received to date of disasters to
vessels carrying cotton from United States ports, & c.:

P uerto R tco, steamer (Span.!, at New Orl« mg At 3 A. M Nuv. 25,
Are was di-cov**r d aboard area tier Puerto Rico. The fire was
extinguished, Veemet su-rained u 1 damage.
Tote! yards......
RODDtu, steamer (Br.j. at G dveaton, for B r m e n
A fir? 11)0 trred
Total value ...
40.170; it.j.so*
A* 5*4 Mm.Vit) A
Nov. 2* on ateamshlp It >d ism. b *(w -en d tek*< in h*ild So. 2. It
was extingul-hed at 2 A. M. Nov. 25. The R tdda n ha l at the
Yarn*.
time o f the tire -5,9uO bales o f o t c o n aboard. 2.10 9 o which were
H o .u „ iQ00* r ul.'4-)
20 AU
st iwetl iu hold No. 2 and l.u oo bales in hold No l, alt o f which
S ,»H i 8.430
8,1*1
*8.813 27.0)3
German?.
9 N 1 !.»!>! 1 1 S j m ; 34.4 ss; * « ,! «
J6
.1 1
will have to Its discharge i b -fore dam igs ea t be astertalntd. A
Oth. gtaws* (except Turkeyi 5 .1 W s .3 ( 5 4.M-M
»".• • 48.42®
< *'.
board o f survey was h**ld on the vast *; Nov. !5. ami sin war
i ladim,
3.3*4, 4,US; 5.9W
304M3; 35.031
44.10*
f .nud iminjitro t; i 8*2 bal-s o f burnt and 2,028 hales o f damaged
China and Japan .. „,
*,<*»1 Z.*,,s |
27.1 4
*1
22.*51
24.71*
outton have thus far been discharg 'd
t w t l 7 **3 3,4*4
20*!7.
21,0(3
20.421 WtLDCROrr. steam er (Be.). •*aiups*i-i, from Now O ’ le ta t fo - L iverptol,
»M l. St
1.005
S,*v>7 10.0&)
was low ed Into Key W a t, Nov. 29, with ah tft broken, having
.O
Total it»..
18,048 n '.r, 21,000 W-UMV 1SB.0I9; 207.109
been asnore. 8 h - was towed u by steamer Oh itfieid, Galveston
Tnta* r»lB
tPM tm< kM A7.4>l 4AWV AKIMS
1
*
for Liverpool, ih e Wil leroft's cargo 00 islsts o f 6,777 bales of
cot.t-it, a portion o f which will be discharge 1 t t euahl * her to
.
S h i p p i n g N e w s . — T h e e x p o r t s o f c o t t o n fr o m t h ? U n ite d
make repairs.
mat*-® th e p a st w e e k , a s p er la te s t m a il re tu rn s, h a v e re a ch e d
Cotton freights the past week have been as follows:
350,813 ba les. S o fa r a s th e S o u th e r n p o rts a re c o n c e m e , these
a re th e s a m e e x p o r t s r e p o r t e d b y te le g r a p h a u d p u b lish e d in
Frt.
ttaiur.
Mon.
Tuts. Wednet. TKurt.
th e C h r o n i c l e last F r id a y .
W it h r e g a r d to N e w Y o r k w e
:
Liverpool, bid___d
in c lu d e th e m a n ife s ts o f a ll v essels c le a r e d u p to T h u rs d a y .
hm
“ at
“ 64
llo*
'>,4
»
....
....
Do
asked.d.
___
....
....
„
„
Total bales.
J
N rw Y o r k —T o Liverpool, per steamers Bolivia, 3,480. ..
30s
30*
30*
Havre, Disc 2 .. d. 37kl-40*
30*
Nomadic, 7 ,3 9 1 ... R osas, 1,9 9. ... V irgil,iso. 5,800.......... 1 8 ,080 .
;
Do
later....... d.
35-371 35-37*4* 35-37hi*
,*
3 5 -3 7 V
To Hull, j**r ateamur Mart-lto, 2 .6 0 2 ........................... ...........
2,692
Bremen, *team ..if.
*.,3
To N**wca*si!i. per steamer Marengo, 1,100.............................. l.lo O
H.
632
Hu
Hu
•
T o Leith. per steamer Critic. 1.433 ........................................
1 .4 3 3 ;
;
...
....
....
....
Do
later..-<f.............
T o Havre, per steamer 1 Charapage. 349 upland and 2tt0
m
®64»B
3g
Bea Island........................
b
...........................................
039 Hamburg, ateamd. 9, 4 <t as3 e«v*®5as ° 0< * 5 ;t3 ®64*Vj
....
....
Do
later .d.
----....
To Bremen per steamers A ll-r. 500 ...E lb e . 678.................
1,175 1
2
To Hamburg, per steamer Sorrento, 672 ..................................
672 Ams'dam, steam.e. 32-37 >s* 32®35* 32 335* 3 2 3 3 5 32 335*
0
T o Antwerp, per steamers Othello, 700 ...R h yu tan l, 4 14.. 1,114 i
M
Do
later-.e.
....
....
...
T o U< th. Dbnrg, pur steamer Bo lemia, t .0 5 o .........................
1,060
Reval, via Leith d. Sj, *aii3i 18 „ . a 5 i« i » , 4 a t t B“ „ 3 5 j 6
1J
<«4'it616
T o * openhegea, persteam er Bohem ia.4 0 ................... . . . ..
40
To Genoa, per steamer Kaiser W nbeim XL, 558......................
559
....
;
....
- ..
Do via B ull d.............
....
T o P o n o Cabelio, per sreamer Venezuela. 3 0 .......... .........
30
;
....
....
....
B'lona, d ircot. . . rf.
S|*
« * w O rleans —T o Liverpool, per steamers Asstye, 11,150 ..
•
Genoa, steam...<f.
8 is
Buenaventura. 3 3 -,n . c,,s t* Hiesn, 4.562 . . Electrician,
810
8 t«
he
*16
6.4 O . . Wilder,,fr. 0.777 ...W y lo , 3.200 . . . . . . .............. 35,4*9 Trieste, indirect.^.
I
Hi
733
To Havre. j,« . m h w h Akaba. *.354 ...Corrientev, 5,240
:
®«*
*,
*"4
®A
6
»-4
— u n ld o ,6 .-8 0 -----Imaum. 10 ,827 ....R e d 8 e a ,8,060____ 39,331 Antw erp.steam .il.
«A t> SW W -»T O Liverpool, >
***r steamers Armenia, 5. *66
< •Cent* per 100 lbs.
Birdoswaid. 7,3 ,5 . Brookstrte, 6 ,ii3 5.. .Ca tlefleld. 5,569
Liverpool.—By cable from Ltveroool we have the following
...X 'h attklri 7,198 . LaoghAm. 0.811 .............................. 3S.632
To Havre, per sbaroer K e > ,a . 0 .' 5 4 ............ ...........................
6,154 itatement of the week's sales, stocks, &c., at that port:
All other coonUle# ... .

2O
.0M 217*03 243.1-4 866,458
m s m 396.143 w n n a M C t .03 1A S .S t
1.37 .O T S
M jm i
21.381;

THE CHRONICLE,

94 3
.Yot>. 10.
Sales of the w eek........... bales.
O f which exporters took ...
Of which speculators took ..
8ales A m erican..................... .
Aotual e x p o r t.............................
Forw arded..................................
T otal stock—E stim a te d ...........
Of whioh American—Estim ’d j
T otal Im port o f the week..........I
Of which American ...............|
Am ount afi *at...........................
O f which A m erican................ 1

N ov. 17.

55.000

62.000
2,0 0

53.000
3.000

2,000
1,000,

1.000
46.000,
10.000,

46.000
5,000

66,000,

D ec. 1.

Nov. 24.

63.000
812,000
640.000

786.000
619.000
106,000, 1(0,000
9 1 ,0 0 0 !
79.000
320.000 360.0001
3IO,'>00 350,000

1 ,0 0 0

54,000
9,000
61,000
852,000
678,000
n o , 000
96,000
390,000
380,000

63,000
3,000
1.000
55,000
7,|'0 0
69,000
1,006,000
831,000
230.000
213,000
320,000
310,“ 00

The tone of the Liverpool market for spots and futures ea- h
ilay of the week ending Das. 1, and the daily closing prices
Of spot cotton, have been as follows:
Spot.

S a tu rd a y M on day, T u esda y.

Dali.

8,000
500

Market, \ Steady.
1:45 P. m . j

10,000
500

4%

M id.Upl’ds.

4716

8,000
500

8p eo. & exp.
F u tu res.

W ednes. Thursday. F rid a

Good
business
doing.

Steady.
4718
12.000

Barely
steady.

Barely
steady.

Weak.

1 ,0 0 0

Quiet.

Firm.

4718

i7 16

12,000
1,000

Basy at Steady at Quiet at
2-04 de­ partially partially
1-04 adv. 1-64 dec.
cline.

Market, ( Steady a
1-64 ad
1:45 P. M. J vaKce.
Market, {
4 P. M. j

Fair
business
doing.

10,000
500

Steady at
Steady. at part’lly
1-04 adv.

The opening, highest, lowest and closing prices o f futuies
at Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
stated:
Fhe p rices a re g iv en in p en ce a n d 64 the

Thus : 4 63 m ea n s

4 63-644. a n d 5 01 m eans 5 1 -644
S a t., N o t . 2 5 .

M on ., N o v . 2 7 .

T u e s .. N ov . 2 8

Open High Low. Olos. Open High Low. Olot. Open High Low. Olo.
d.

November..
Nov.-Dee..
Dec.-Jan....
Jam-Feb....
Feb.-Mch...
Moh.-April.
April-May.
May-June...
-June-July..
July-Aug...

d.

d.

424
4 23
4 23
4 24
4 25
4 20
4 27
4 29
4 31
4 32

4 25
4 2i
4 23
4 24
4 25
4 26
4 28
4 29
4 31
4 33

4 24
4 23
4 23
4 24
4 25
4 23
4 27
4 29
4 31
4 32

d.

d.

d.

d.

d.

d.

d.

4 22
4 21
421
4 21
4 23
4 24
4 25
4 27
4 29
4 30

4 19
4 18
4 18
4 18
4 19
4 21
4 22
4 24
4 20
4 27

4 19
4 18
418
419
4 20
4 21
4 23
4 24
4 20
4 23

4 20
419
419
4 20
4 21
4 22
4 24
4 26
4 27
4 29

4 21
4 20
4 20
4 20
4 21
4 23
4 24
4 26
4 28
4 30

T h u re ., Nov.

30.

4 20
4 21
4 23
4 25
4 27
4 28
4 30

4 21
4 23
4 24
4 20
4 27
4 29
4 31

4 25 4 21
4 24 4 20
4 23 4 20
4 21 4 21
4 25 4 22
4 26 4 23
4 28 4 25
4 29 4 20
4 31 4 28
4 33 430

d.

There has been very little activity to the speculative dealings
in the market for Indian corn futures, and prices have held
fairly steadv with wheat, despite an increased movement of
the crop. Business in the spot market has been fairly brisk,
exporters being moderate buyers, and prices have made a
slight improvement. The sales Wednesday included No. 2
mixed at 44%(d45c. in elevator and 45%@45%c. delivered.
To-day the market was Aimer early with wheat, but later
there was a decline. The spot market was moderately active
for export at firm prices. The sales included No. 2 mixed at
44%(a45c. in elevator and 45%@45%c. delivered.
D A 1LT CLOSING PRICES OP NO. 3 M IXED CORN.

Sat.

H on.

Tues.

Wed.

Thurs

F ri.

December d elivery .........c. 44%
January d elivery ........... o. 44%
May delivery................... c. 46%

44%
44%
46%

44%
4 i%
46%

44%
44%
46%

p,M
?
•y

44%
44%
4v%

Oats for future delivery have continued quiet, but prices
have made a slight advance in sympathy with a stronger spot
market and in sympathy with wheat. Business in the spot
market has been fairlv good at advancing prices. The sales
Wednesdav included No. 2 mixed at 34J4,'i34;5gC. and No. 2
white at 37c. To-day the market eased off a trifle under
realizing sales by longs. The spot market was quiet and a
shade weaker. The sales included No. 2 mixed at 34J£c. and
No. 2 white at 36J^@37c.
H on .

2 M IX E D OATS.
Tues.
Wed
Thurs. F r i

34%
35%
36

34%
35%
36%

D A IL Y CLOSING PRICES OP NO.

Sal.

December d e liv e r y ......o . 34%
January delivery.............o. 35
May delivery.................... o. 35%

Barely
steady.

Steady.

[VOL. LV1I.

34%
35%
36%

Rye has been dull and prices are largely nominal.
has been quiet and easy.
The following are closing quotations:
f i n e ................. 0 bbl. $ l 7 5 ® $ 2 1 0
Juperflne..............
1 3 5 ® 2 25
ixtra, No. 2 . . . ....... 2 0 0 a 2 50
Sxtra, No. 1 ............ 2 20® 2 75
Jiears......................... 2 30® 3 00
Straights.................. 3 00® 3 70
’ atent, spring..........
3 75® 4 20
(Wheat flour In sacks sells at prio

34%
34%
36

*o
■y

Barley

Patent, w in t e r ....... $3 25® S3 60
City mills extras. . . . 3 60 > 3 65
Rye flour,snnerflne.. 2 75 ® 3 00
B uokw heatflour....... 2 75 ® 2 85
Corn meal—
Western, &o______ 2 60 * 2 70
Brandywine.. . . . . . .
2 75
is below those fo r barrels. I

GRAIN.

d.

4 19 4 20
4 18 4 19
4 18 4 19
4 19 1 20
4 20 4 21
4 22 4 22
4 23 4 24
4 25 4 25
4 27 4 27
4 28

Vheat—
spring, ner bush...
Red winter No 2 .
Red w inter..........
W hite......................
Oats—M ixed.. # bu.
W hite................... .
So. 2 m ixed ..........
No. 2 w hite______

0.
61 9
67 k ®
56 9
59 n
31 ®
36 ®
34 %®
36% ®

o.
73
69
70
70
36
41
35%
37%

Corn, per bash.—
0.
44 9
West’n m ixed . . . .
No. 2 m ixed . . . . . . 41% ,
.. 9
Western y e llo w . . .
Western w hite____ 45 9
R yeWestern, per bnsh. 54 9
8tatean d Jersey.. 50 9
62
Barley—No.2West’n.
State 2-rowed____ 63 »
State 6-rowed.......
.. 9

V.

47
45
43
56
55
65

The movement of breadstuffs to market is indicam t- eted
movement of breadstuffs t i market is indicated in the
statement below, prepared by us from the figures of the New
York Produce Exchange.
We first give the receipis at
Open High Low. Olot. Open High Low. Olot. Open High Low. Olo.
Western lake and river ports, arranged so as to present the
d. d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d
comparative movement for the week ending Nov. 25, I893,
December.. 4 19 4 19 4 19 419 4 19 4 20 4 19 4 20 4 22 4 23 4 22 4 23
and since August 1. for each of the Ia3 three years:_______
t
Dec.-Jan.... 4 18 4 19 4 18 418 4 19 4 20 4 19 4 20 4 22 4 23 4 22 4 22
W e d ., N o v . 2 9 .

Jan.-Feb...
Feb.-Mch..
Mch.-April.
Aprll-May
May-June...
June-July..
July-Aug...
Aug.-Sept..

418
4 19
4 21
4 22
4 24
4 25
4 27
4 29

419
4 20
4 21
4 23
4 24
4 20
4 28
4 29

4 18
4 19
4 20
4 22
4 23
4 25
4 27
4 29

4 18
4 19
4 21
4 23
4 24
4 26
4 27
4 29

4 21
4 23
4 24
4 26
4 27
4 29
4 31

4 20
4 21
4 23
i 25
4 23
4 28
4 30

F r i., D e c .

4 23
4 24
4 20
4 27
4 29
4 30
4 32

4 23
4 25
4 20
4 28
4 29
4 31
4 33
4 34

4 23
4 24
4 25
4 26
423
4 30
431
4 33

1 23
4 2*
4 25
4 27
4 29
4 30
4 32
4 33
”

B R

E

8. D S T

U 'P

P s

November 24, 1893.
It has been a quiet week in the market for wheat flour. Buy
<rs have shown very little disposition to trade, but prices have
held fairly firm on stronger advices from the interior, a de­
creased movement of fhe wheat crop causing millers to pay an
advance for the grain. Rye flour has sold slowly, but prices are
quoted nominally unchanged. Corn meal has been fairly ac­
tive at a decline of 5c., closing steady at the concession. Buck­
wheat flour has met with a light trade, but owing to scarcity
prices have been advanced slightly. To-day the market for
wheat flour was quiet but steady.
The speculation in the market for wheat futures has been
quiet, but prices have made a fractional advance on some
buying by “ shorts” to cover contracts, stimulated by an
unexpected small increase in the visible supply and a decreas­
ing movement of the crop. Foreign advices were dull and
easy and this kept the market from making any materiai im­
provement. Business in the spot market has been quiet,
neither shippers nor the local trade showing any disposition
to trade, but prices have advanced a trifle with futures. The
sales Wednesday included No. 2 red winter at
over De­
cember delivered aDd sample fed winter at %c. over Dec. f.o.
b. afloat. To-day the market was irregular, advancing early
on an estimated material reduction io the invisible supply and
stronger advices from the Continent, but toward the close
selling bv longs to realize profits caused the improvement to
be lost. The spot market was neglected.
F r id a y ,

DAILY CLOSING PRICES OP NO. 3 BED WINTER WHEAT.
Sat.
Mon.
Tue t.
T *u re,
Wed.
D ecem ber d elivery___ -0. 6738
6" 33
67is
67*4
w
January delivery .......
66%
68%
68%
68^9

February d elivery....... .c.
M arch d elivery............
M ay delivery.................

70
71*4
73%

70*4
71%
73%

6978
71 k
73%

70
71k
73%

•
s

Fri.

67*2
68°8

70
71k
73%

Receipts at—

Flour.

Wheat.

Oats.

Oorn.

Barley.

Rut.

Bbls.im bs Bush.00 lbs Buth.SQ lbs Bush. 32 lb « BushAXl' Bu .56 I

Jhlcago ....
Milwaukee...
Duluth.
Minneapolis.
Toledo.........
Detroit.......
Cleveland....
3t. Louis......
Peoria.........
Kansas City.

118.350
121 012
10,710

Tot.wk, ’93.
Same wk,’92.
Same wk,’91.
Since Aug. 1.
1393.........
1392.........
1391..........

294,029
270,502
280.341

3,357
3,740
7,00)
18,400
2,400

003 557
200 000
1,353 185
1,417,750
232 100
100 000
30.000
306 279
8,400
151,365

1,950.401
80 600

1,375 123
183.000

127,60
22,09 1
25,000
542.255
321,550
37,080

4.38S.042
5.510,258
7,211,27;

3,112.025
1,339,075
2,080,413

421,212
5OL40I
64,995

27,040
25 8 0
1,605

7.500
43.023
45.000
139.350
294.600
2,724

26,702
10,000
140,250
83,30b

1,500
0,30)
2,400

2,090 920
1,803,712
1,893 995

1,252.919
1,076,957
891,050

73 845
139,231
350.851

7,000

5,029 181 S6.304 85? 58,001.532 51,318.000 15 050,910 1,505 142
5.840.177 130,578.285 44,222,555 45.351,203 14.483.69 • 4.570.630
4.421,014 121,086,201 34.234 261 43,136,510 14.801.703 10.843,215

The receipts of flour and grain at tne seaboard ports for tt e
ended Nov. 2 5,1893, follow:

w eek

B a rley ,
bush.

Sue,
bush.

660,300
653,165
55,520
13 ‘,903
126,194
9,930
29,991

657,501 284.900
5,585
133,765
900
10, US
88,466
8,100
.........
_____
8,01
31,602
.......

9.365
1,150

Tot. week .421,225 2,179,101 1,606.363
Week 1892 .411,035 1.767,235 1,567,325

9 42.894 291 465
847 5 60 259,640

A t—

F lour.
bbls.

Wheat,
bush.

Sew Y ork .. .172,515 1,533.490
Boston........ . 66.935 279,705
69,2 71
Montreal .. . 6.013
Philadelphia. 65,196
54,903
Baltimore.. . 95,886 155,217
R ichm ond. . 5,2 75
24,800
New Orleans. 8,505
61,800

Oats,
bush.

Oorn,
bush.

13,400
10.4 6
560
39.952
63,603

Below are the rail shipments of flour and grain from
Western lake and river ports for four years:
1893.

1892.

1891.

1890.

Week.
N ov. 26.

(flour..........

295,3 70

Week
N ov 28

W heat____
Oorn...........
Oats............ .............. 1,038,622
Barley........
R y e ....... ..

641,115
291,637
964.113
354.8 69
83.S 16

996,186
1 068.8-10
1,092.841
296 231
122.603

714,026
593.510
1,5 >5,203
30 3,241
122,913

2,335.855

3.576.764

3,242,923

Week
N ov. 25.

T o ta l... ................ 2.953.117

2 53,000

Week
N ov. 29.

379,138

The exports from the several seaboard ports for the week
ending Nov. 25, 1893, are shown in the annexed statement:

THE CHRONICLE*

December 2, 1888. j
Mxporlt
from—

Wheat.

Flour.

Oats.

Bush.
n a .m
150,273
176,7*71
72.0O0
3 ->.974
70,359

New York
B oston ...
Montreal
Phil ad e ! .
BaltinPre
N. Orl’ ns.
N. News,
N orfolk.
Portland.

Com .
Bush.
377,669
212,399
99,037
59,258
50,357
16,(21
113,5 1
3 o,l6 2

BbU.
100,739
4 0 ,lt 0
10,037
2 M>70
21,129
2 .4 -3
18,105
5,5s 4

Bush.
14.391
7,125
9,198

99^,977

231,812

459.403

226,188

Tot. week 703,026
8’ me time
1892 .. 1,934.134

Bye.

Peat.

Bush.

Bath.
18.111

2*732

90,364

.......

.........

30,714

2,732

108.775

113,152

16.882

43,520

The visible supply of grain, comprising the atoe ay in granary
at the principal ooints of accumulation at lake and seaboard
p o rts , N o v . 25

1893:
Corn,
Wheat,
bush.
In ttore at—
bath.
486,000
New York........... 19.485.000
259,000
Do afloa t___ 1.103,000
18,000
A lban y...............
BofT&lo . . . . . . . . . . 2 ,5 7 1.000
718,000
C hicago.............. 19,381,000 1,329,000
Milwaukee.........
839,000
Duluth............... 8,488,000
T o le d o ............... 2,275,000
331.000
Detroit............... 1,345,000
8,000
O sw ego..............
92,000
*22,000
St. leonSn.......... 5.4.>1.000
72,000
Do afloat. ..
52.000
10,000
25,000
C incinnati.........
B oston............... 1,086,009
335,000
T o r o n t o .........
130,000
M ontreal...........
579,000
1,000
P h ilad elp h ia....
520.000
403,000
P e o r ia ...............
116,000
81,000
197.000
In d ian ap olis....
82,000
Kansas C ity ....
455,000
10,000
B altim ore.____ 1,294,000
321,000
M inneapolis___ 10,309,000
54,000
Oh Mississippi..
214.009
On Lake*..........
522,000 2,14 ,000
On c a n a l * river
872,000
6*97,000
T otals—

Nov.
Nov.
Nov.
Nov.
Nov.

25 ,1 8 9 3 ..7 7 .2 8 6 ,0 0 0
19,1803 .76,7.-.4,000
26, 1892..70.765,000
2 8 ,1 8 0 1 ..4 3 ,2 5,628
38. 1890..24.527,826

THE

7.520.000
7,310.000
12,032,000
2.828,330
3.144,491

Oats,
bath.
2,01 i ,000
73.000
105,000
2Q3,UO0
833,000
14,000
3 2.000
27,000

&

52,000
8,000
5.000
78,000
24 tJQQQ
26,009
1-.000
17,000
•2,000

123,000

2,000

37,000
7.000
2.000
37.000
1*13.000
150.000
76,000
37,000
224,000
7,000
1,000
511,000
129,090

26,000
36,000

Barley,
bush
15,000
119,000
32,009
84 4,00
IQ *,000
241,00
17 - ,0 10
38,O I
K
170.000
38 OJ
151,000
20,00
53,000
48,09

1,000
2.000
11.000
60.000
2,000

108,000

17,000

838,000
615,000

1,834.000 606,000
4,671.000 501,000
8,027,000 1 , 2 8 8 ,0 0 0
4.137,477 2,384,115
3.359.302 578.429

3,639,000

3 , 14 7 ,0 0 1

2,713.000
3,583,221
4,750,463

DRY GOODS T R A D E .

N*w Yore. Friday. P, M., December 1, 1893.
The market opened this week under expectations of the
good demand which followed immediately after the auction
sale being sustained. Experiences have, however, proved
disappointing. Whether buy ers would have operated freely or
not without (he advent of new influences cannot be deter­
mined, but the unexpecedly prompt publication of the pro­
visions of the proposed tariff bill unquestionably exercised
a repressive influence over their operations. As a result the
week's trade in all lines of seasonable supplies has fallen short
of iooked-for dimensions and has failed to show any decided
spirit in the operations for spring.
The tone of
the market has not, however, disclosed any lass of
strength.
If buyers are not yet ready to' abandon
their
conservative
policy
fully, sellers sre
ro»re
disposed to await an expansion cf busiresa without unduly
pressing stocks for sale than before. Prices are thus generally
steady with any changes in an upward direction. Of these
noted below, the majority are the direct outcome of an active
and advancing market for print cloths. In the woolen goods
department the disturbance from tariff causes is more maiked
than in cotton goods, and little basic ess has been done that
could lie avoided.
Stocks of cotton goods are gener­
ally in limited suoply, both in seasonable varieties and In new
spring lines. Collections are again favorably reported upon.
D o m e s t ic C o t t o n G o o d s . —The exports of cotton g o o -n
from this port for the week ending November 98 were 1,181
packages, valued at 181,779, their destination being to tbe
po uts specified in the table below:
N *w YORE To N ov. 28.
0 r a * t B r ita in ...,.............

1893.
1892.
■.
W
Week. Since Jtm. 1. j Week. Since Jar .1

[

123
44
3

.....................
Chill*
India........................................
Arabia,.. „................. .
...
A frica ................................ .
We#| la d im .. . . . . . . . . . . . . . . . .
M ex ico ....... .
.............
Central Am erica,.................
Booth A m erica......... .............
Other eouBtrtn*......................

323

T ota l..... ............................
China, via v aneouver.___

1.184

4
628
52

4.575
1.705
30,192
5,539
11.4*7
6.322
18,162
2,235
4.384
4*.752
2.861

148
27
50
a
389
1
i

23
864
53

5,518
1.6(2
69.502
5,580
13,800
7,078
16,845
2,957
5.640
43,137
2,678

i3 6 ,m
32.146

: 1,557

173,347
18,120

T otal.................................. 1,184
168.260
■ Prom New England mill points direct

1.557

191,167

The value i f the New York expirt* since January 1 bar
been *8,152,817 in 1983 against $9,032,112 in 1892.
There has been a fu r business in brown sheetings and
drills on home account, hut only a quiet foreign de­
mand.
Standard to four-yard sheetings still in lira
iDd supply, and pric*s generally firm,
Glendale LL
four-yard brown advanced He. per yard. Coarse light
weights firmer under print-cloth influences. Print cl th,
yarn and bleached shirtings also firmer, fn medium bleached

949

the demand is moderate, and for fine grades slow. Wide
sheetings quiet without change In kid-finished cambrics
prices hive been raised %a. per yard for all leading makes,
but no change has been m»de in other finisVd cotmns of the
lining order. For colored cottons there has been a fairly general
demand, jobbers and cutters purchasing rather more'liberally
t a n of late, and some fair export orders recorded. Quilts, white
goods, & c ., in about average request. Prints firm and almost
sold up in dark fancies; indigo bluesadvanced J^c. and one line
of solid prints J^e. per yard. A fair business has been done
in spring lines of" line specialties and fine and coarse tissues,
with a firmer tendency in tbe litter. For flue giogharus the
demand for spring supplies has improved somewhat, but is
still smaller tban usuil in the early stages of the season.
D irt work and stioles move indifferent! v. An active de­
mand for print cloths set in at the close o f last week and was
sustained until some three-quarters o f a million pieces, spots
and contracts, were purchased, prices advancing
cents to
the basis of 3 cents for 64 squares. A t the close the market
is quiet but firm thereat.
1893.
Stock or Print Ololks—
.Vos. 25.
Held by Providence m anufacturers. 217,000
Fall River m anufacturers.................3 1 1 .0 0 0

1892.
.Vos. 23.
Nona.
10,000

1891.
Non. 27
216,000
346.000

Total stock (pleoest .....................528,000
10,000
D o m e s t ic W o o l e n s . —As already noted, tariff

562.000

possibilities
have hem added in an acute form to the disadvantages under
which this department has been laboring for a long time past,
while the weather has again been too mild to afford any
relief. As a result business has been confined to very re­
stricted limits in both heavy and light-weight woolens and
worsteds. In the former buying is of a nondescript charac­
ter. What purchasers need to meet orders in hand they take,
hut no lung beyond that. For light-weights buyers have little
opportunity to do anything outside of stocks in hand or goods
in course of production, and the impression prevails that this
opportunity will be further circumscribed before long by the
closing down of a number of mills now at work running off
orders. Overcoatings, cloakings, satinets, doeskin jeans,
cotton-warp cassimeres, all without material change in con­
dition. Flannels, blankets and carpets inactive. Dress goods
in fall makes slow throughout, neither staples nor fancies
being in request. Business in spring lines still on moderate
sale only.
Foreign- D ry Goods. —This division of the market is with­
out new feature of special importance. In all lines of season­
able goods the efforts of sellers are mainly directed towards
cleaning-up stocks without much regard to prices, holiday
goods, in which a fair business has been done, being no ex­
ception. For tbe spriog season there has been a quiet demand
for fine cotton fabrics, mostly printed varieties, and for
woolen and silk fabrics, with prices on an irregular basis.
I m p o r ta tio n * a n d W a r e h o u s e W it h d r a w a l* o f D ry U o u d i,

The importations and warehouse withdrawals o f dry goods
at this port for the week ending Nov, 30, and since Jan. 1,
1893, and for the corresponding periods of last year are as
follow s:

THE

950

S tate

and

C it y

C H R O N IC L E .

D etantm ent,

T E R M 8 O F SU 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

tains 4 0 to 6 4 pages published every week.

S ta te 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 8 0 pages published periodically.

fVOL. LAI],

State o f Wisconsin.—A special report to the Chronicle
from State Treasurer John Hunner shows that there has been
no change in the debt of the State since the publication of our
last State and City Supplement. A s was then stated,
Wisconsin has no indebtedness except to the State trust funds.
This amounts to $2,251,000, and is represented by certificates
as follows:
Certificates o f indebtedness, School F un d................................ $1,563,700
Do
do
Normal School Fund...........
515,700
Do
do
University F und..........................
111,000
Do
do
A gricultural College Fund........
60.600
T o ta l............................................................................................. 82,251,000

I n v e s t o r s ’ S u p p le m e n t of C H R O N I C L E (a Cyclo­

The assessed valuation of real estate for 1892 is reported by
paedia of Railroad Securities) contains 1 6 0 pages published the Treasurer as $534,275,218; personal property, $119,7 4,733;
tax rate (per $1,000), $1-557676; amounts o f taxes raised,
every other month.
$1,018,720, In the following table we give the new figures in
connection with those for previous years, as already reported
Subscription to CHRONICLE for one year § 1 0 .0 0 ,
by us.
which includes every issue of both Supplements.

P erso n a l
Total
Stale Tax
T a xes .
P ro p erty .
V a lu a tion . (p e r $1,000-4 R a ised
$
$
$
$
$
1 8 9 2 ..
..534.275.218
119,724,782 651,000,000
1-557676 1,018,72
1 8 9 1 ..
..490.961.764
130,897,653 623.859,417
1-535110 9 8.886
1 8 9 0 ..
..464.782.237
128,108,482 592.890,719
1 503920 891,660
1 8 «9 ....................................................... 577.092.815 1 514293
873,887
1 8 8 0 ..
..344.788.721
94,183,030 438,971,751 .....................
Y ea r.

T h e p u r p o s e o f th is S ta te a n d C ity D e p a r t m e n t

is to furnish our subscribers with a weekly addition to and
continuation of the State and City Supplement. In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
State and City Supplement to as near the current date as
possible. Hence if every Subscriber will note in his Supple ­
ment on the page designated at the head of each item 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.
Austin, Texas.—Some time since the report was circulated
in certain newspapers that the remaining $450,000 of Austin
dam bonds which have not as yet been sold by the city had been
hypothecated in New Yotk. This report was denied by the
city officials in charge of the securities and a committee of the
common council was appointed to investigate the matter
and ascertain the facts. Last week the committee re­
ported that there was no truth in the imputed hypotheca­
tion, but suggested that the bonds should be returned to
Austin, as the City Charter requires that the City Treasurer
Bhall receive and keep all funds belonging to the city. The
common council adop ed resolutions in accordance with the
suggestion.
Maryland’s Debt.—From the Baltim ore Sun. It is the
laudable ambition of the present Treasury officers of the State
of Maryland to get the debt of the State paid off, and with
reasonable economy upon the part of the Legislature that am­
bition will shortly be gratified. One year ago the Comptroller
reported that the net debt, after deducting the sinking funds
and productive assets of the State, was $3,082,386 81. The
productive assets held by the State are worth much more than
their face value, however, and the Comptroller estimated that
if all were sold at the then prevailing market rates they
would bring sufficient to pry the entice debt with the excep­
tion of about a million and a-half dollars. Since that time
over $300,000 has been added to the sinking fund
* *
*
The total funded debt of the State is $8,684,986 24. The
productive assets of tfie State, including $2,700,000 in the
sinking furd, amount to about $5,900,000. The exchange
loaD of 1891 is nearly all in the sinking fund.
The real and personal property of the State subject to taxa­
tion is assessed at nearly five hundred and twenty million
dollars, about one-half of which is in the city of Baltimore.
The direct tax of the State is 17% cents on $lu0. This rate
produced in 1892. when the assessment was somewhat smaller
than at present, S914,368 98. The tax is divided as follows:
Public school tax, 10% cents, producing in 1892 $540,894; de­
fense redemption tax, 5% cents, producing in 1892 $283,325 60;
treasury relief tax, ~ 1 % cents, producing in 1892
$77,270 62; tax for the exchange loan o f 1886, %
cent, producing in 1892 $12,878 44.
The treasury relief
loan of 1878 has been paid and canceled and the tax levied for
it should have been repealed by the last Legislature. A bill
was passrd by the Legislature of 1892 diverting the tax for
furnishing books for the public schools, but the Governor
vetoed the bill, leaving the tax unrepealed and unappro­
priated. Ir was juBt as well, however, for the Treasury con­
tinued to collect it and applied the money to the sinkiug fund,
adding to it in the two years about $150,000. The require­
ments of the public debt, $350,000 for interest and $.'09,000
for the sinking fund, are $559,000 a year, about $373,000 of
which comes from the direct tax and the remainder from the
interest on investments or from the indirect tax.

R ea l Estate.

South Carolina State Bonds.—The Committee on Securi­
ties of the Baltimore Stock Exchange has recommended the
listing of the new 4% per cent bonds of South Carolina. The
application was for the listing of $5,250,000 of the bonds.
They were issued by South Carolina to redeem that part o f
the State debt known as the Brown consol bonds and stocks.
This issue was purchased by a syndicate represented by the
Baltimore Trust & Guarantee Company. The bonds are in
denominations of $1,000 and $500 each; they are exempt from
taxation and coupons are tax-receivable in South Carolina.
The bonds are secured by a lien on the phosphate beds of the
State and the cumulative sinking fund derived from phos­
phate royalty. They are due in forty years, South Carolina
reserving the right to redeem at the expiration of twenty
years.
Virginia Centnry Bonds.—Considerable demand for the
new century bonds of the State o f Vtrginia has been notice­
able of late and the securities have been selling at 52%(354%,
prices which yield on the investment a large income as com­
pared with that which can be gotten from other State bonds of
equally good standing. In their November circular Messrs.
John L. Willirms & Sons of Richmond, Va., say:
“ If the ability of the State to meet the interest on her new
bonds seemed certain based on the revenues of 1889-90 [the
time of the debt settlement], their security is now doubly
sure, for since that time the incom 9 of the State, as a result
of a new assessment of property and from other causes, has
increased about $500,000 per annum, with no corresponding
increase in expenses, and it has been officially estimated that
the net surplus revenue of the State, over and above all ex­
penses, after allowing for increased appropriations for public
schools, pensions, asylums, etc,, will easily amount to more
than $250,000 per annum.
“ Besides this, the accumulated cash balance in the State
Treasury October 1, 1893, amounted to over $1,000,000, which
was deposited in various banks throughout the Common­
wealth. The State of Virginia may therefore be said to be in
a better and stronger financial condition than ever before in
her history.”
Ir. is said that the Governor in his forthcoming message to
the Legislature, which is to meet this fall, will urge the pass­
age of a bill authorizing the investment of a considerable por­
tion of the State’s cash surplus in the State’s own bonds, and
also the investment in the same manner of the yearly surplus,
which will mean a constant f mand for the secuiities and a
steady reduction of the debt.
B o n d P r o p o s a l* a n d
a ll o n * . — We have re­
vived through the week x
ing notices of 1 onds
recently negotiated and bonds offeree and to he offered for
<ale.
Akron, O h io—(State and City Supplement, page 77.)—
It is reported that the people of Akron have voted in favor o f
issuing the $50,000 of fire department bonds authorized by the
Legislature some time since.
Allegheny County, Pa.—State and City Supplement, page
66.)—Notice has been given to the holders of Allegheny County
compromise bonds that coupon boitds numbets 3o8, 369, 370,
374, 377, 379, 380, 381, 382, 384, 387, 388, 389, 390,393, 397,404,

THE CHRONICLE.

December 2, 1893.]

405 and 408, anti registered bonds numbers 578, 606, 609, 610.
618, 624. 825. 6 9, 631,638and 640. all bearing date of January
1. 1893. a td maturing January 1, 1913, will be paid with inter­
est to January 1, 1894, on presentation at the office of (he
County CuinptroJUr, at which time all interest on the bonds
will cease.
Ambler. Pa.—The citizens o f Ambler will soon vote on the
question of issuing 815,000of bonds for an electric-light plant.
•B elm on t County, Ohio.—(S t a t e a n d C i t y S u p p l e m e n t ,
page 78,)—It is reported that Belmont County bends to the
amount of 880,000 have been sold to Spitzer & Co. of Boston
at par,
Casper, W ft'.—Town Clerk E, J. Carpenter, jr., will receive
proposals until December 15 for the purchase of $30,0 .0 of
water-works bonds.
Clay County, S. Dak.—County Treasurer E. B. Elmore
notifies the Chronicle that the $30,000 of bonds were
voted on November 25, and that they will bear interest at the
rate of 6 per cent, $8,000 of the amount being payable in 3
years, $10,000 in 5 years and $12,000 in 7 year*. They will
not be issued, however, until spring. The county is free from
debt and its assessed valuation for 1893 is .$3,000,000, being
about one-third of actual value; tax rate {per $1,000) $18.
The population this year according to local figures is 9,000,
Cincinnati. Ohio.—{S tate a n d Citv S upplement, page
78.)—Bids will be received until December 13 by D. V .
V
Brown, City Auditor, for the purchase of the following
special assessment loans :
LOANS—
trAin Due.
LOANS—
ttAcn Duf.

951

Dull«8, 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). We
are informed by City Auditor J. F, Caldwell that steps are
being taken for the issuance of city bonds to the amount of
$100,000. The date for offering the securities has not as yet
been fixed.
Delhi, Ohio.—F. D. Saunders, Village Clerk, reports to U
3
that avenue and street bouds to the amount o f $4,270 78 have
been sold at par. The bonds are dated October 28 and Novem­
ber 9, 1893, will bear interest at the rate of 6 per cent, paya­
ble annually, and will mature in from one to ten years from
dale of issue, payable at the bird National Bank of Cincin­
nati. The bonds are issued in anticipation c f the collection of
assessments,

Eaton Rapid*. M idi.—It is reported that at the election
held recently to vote on issuing $39,000 of water works bonds,
the people voted against the proposition.
Fargo, N . Dakota.—(S t a t e a n d C i t y S u p p l e m e n t , p a g e
117.)—Six per cent refunding bonds of this city to the amount
of $25,000 have recently been issued, the bonds to become due
in 12 years. The loan is issued to replace a portion of the
$37,000 of funding bonds due in 1893 and will be taken by the
parlies now holding the old securities. The remainder of the
old loan has been paid off.
Grand Rapids, Mich.—(S t a t e a n d C i t y S u p p l e m e n t ,
page 98.)—In re'erence to the $100,000 of additional street im­
provement bonds recently authorized by the Council, W. A.
Shinkman, City Clerk, writes us that they have already been
disposed of.
Q ckkn C trr A v k s c e B u t « S rsB K T —
K e m ie t t Square, Pa.—Town Secretary Joseph McMullen
5», s e m ls o ., *2.390 30 Nov. 2, ’ U4 5s, semi an., #64.519 7 0 ...N ov .31, reports to us that $21,000 of the refunding loan, to take upold
1*94
(230 » 3 due y'rly> to Nov. pi, 1903
bonds to the amount of $41,000. maturing January 1,1894, has
(*6,451 97 (due r*rtr> to Nov.
Ii*t.rr»»KX Avast?*.—
21. 1903 been taken by holders of the old securities, leaving $*20,000 not
5*. >«m laa., #59.450 JH Nov. 8 /9 4
>
Lists Btrmst—
fe5.5*45 Ovetts J 'iytto Nov. 9 .1 0 0 3
The refunders are 4 per cent coupon bonds,
5s. souil ,in.,*29,46160. X ov.2I ,*9 l yet disposed of.
LlBWWT SiiU W T 5 s. ouni-aD
20 0<>. No v. 171*94 (* -2 ,9 4 «4 « i!u« >*rly) w S o y . S t.' maturing in twenty years, w ith option of call after five years.
1903 I Interest is payable semi-annually in January and July.
<#3*22 9 0 due »*!»» to N ov. .7 . 1903
Vo.rsruter Buck StkkkK lickitat County, Wash.—County Auditor Simeon Bolton
5s,seen * a ..* ? .I S 8 3 0 .N.»t , 20.*94 ■5 * .*e«ni-An ,#*>2100 SO.Sov 33,*93 *
I t s u &■4m y T j) to S ot . 2 0 .1 9 0 3 ' 1*950 05 due y 'ly d o Nov, 22, 1903 I notifies the C h r o n i c l e that on November 15 two bids
<
The amounts of the above bonds may be increased or re­ were received for the 20-year bonds to the amount of $37,700
duced. Interest will be payable at the City Treasurer's office, I then offered, but no sale was made. Bidders were requested

N E W

LOANS.

S 3 , O O O ,O O O

BON DS,

#mmUmrT D is tr ic t o f C h ica g o ,
Sgftied pmpmmi* titmmti. to the Board o f Tmmtmm of the Bmiimrf lit#trie! o f Chicago end «n*
ttOffJM :
* Proposal for pt>rehft«i&# bond*,” «U1!m received
*
ter
o f jw*id ssausU ry EMcuim*
tw
U>«m. H.
Umtm mmurn, Ctitmmp, Mwm*, until i JM -tend
b
mmm&my,
imm.
TIN* hood* for ?fce porcha*Ml o f which %*id hid* will
fewmmkvmt »rm thm ptmmm tone o f Thrw*> Mill-on
Dollar#
worth o f s
mmm o f %h* Sanitary
Hierrte o f
to
o f <om Thous­
and Dollars ifi.oWM) m en wt? h ir»ter*«*t «t "he r*t* of
m
&pm Gmtpm mtmmm M f s » «
oaky mi thm
®r*t 4mf m duty wad January o f each year *sni turn
Wthrnml pm im mt tim fMm o f *»«? Hundred and
fA'&
Fifty
©elh*#si
mw* year for
twenty year* m x l
Jwmtwy I,
the
8r#t i*ym»m t< be nnd* Ju sury l. IH*3, B ib
>
principal m t o t p w r s h t e «f theotto* o f the
t*4
T m *Q r«f o f Mud L*t«triet m Cbicma>% fill not*.
i
Emets
mum he
periled by morrUfl«l
eh -er*. or csm **f -m
E
uh
u
t^a*! to Three (Si per
cent of the amount o f the bid. All « n « W t*b«dh»
m mt be dr** it mi m*m&t m ■onwibl# benk #«d be m«de
per Able t*»»he o r «w o f lire -Clerk o f the sanitary
DturfeAof
skom mmmmt o f Tttrm* ia> p> r
m m lit ihe mutant of the hid will be held by the
Sunliwry Irhdrirt outII uil *A mid proposal* te»v» umn
aoo the hbs# h .*m bmm m m & d.
m
mTm
The bondt wlil tm mM m lot# >f Twenty fire
Tbooeetid Ih-lUr**
) and oiuli»ple*< f TwetuySre TrntmmW
id.
m euete purvtuumr
ats
wM he tmtWhuf t»> twk© » pro
*hmm o f uteritlmwuad
to e b ad*, ffc# bid# at lemthan per
wtij be con#iner*5d. »ir«l the rbjht l» fttwned to reject
an# m S mi bid#*
m

*rd II* » |, of v*i

isute d»y f Dee.,

T h e **»d b*'od# will b e paid fo r and d elivered at
th e offic* o f <h e Tr**e»ai«?r o f mi<i D b lr i- t,

A ttmummaiBw» may be made wUQ the mid District
for
pm m m t mm delivery o f tala Bouda Inin*

ateim r#-*
bh

For tMtkm Ihformutfim apply to the Clerk o f the
Faoitury B binct or
*-f the Ftxrftftee
Uuvm 41. MdUto Buthiiisg, CftKUbfb# HI.

N EW

LOANS.

N E W

8 1 0 0 ,0 0 0
C ITY O F
5

LOANS.

MUNI CI PAL

BONDS

O M A H A , N E B .,
Per

FOR INVESTMENT,

Cent

Im provem ent B onds.
f'OR 8 ALB BV

P A R T IC U L A R S

UPON A P P L IC A T IO N

Parson, Leach & C o .,
■i WALL MTKKKT.
NEW TOKK.
MEMBERS OF THE NEW YORK AND BOSTON
CHICAGO, ILL.
STOCK EXCHANGES.
C H O IC E

IN V E S T M E N T S

DEALERS IN COMMERCIAL PAPER.

IN
Street

R ailroad

M unicipal

and

Bonds.

PRICKS TO SUIT THE TIMES.'

Blake

Brothers

2S

STATE

3

Cormapoadene. mTltwl.

NASSAU

45 WALL ST., NEW VOI1K.
( LEVELA NO.

BOSTON.

CHOI CE BONDS.

C o .,

BOSTON.

S T ., N E W

YORK.

BONDS.

Laraprecht Bros. & C o .,

TUB SA.B1TAET DISTRICT OF CHICAGO,
B f B. A. l&KSUtttf'*
* Umtmms Ci>*M
oa4Mf« on Fiinuace.
FffcAKh V MtTLIt#
>
f|C
o f th;« hoard * ."mstee#-..
10,© h fiolt**Bt»u«, Ohio, 6#. Price lot and Interest.
O
TM*»* a a r . i l rwin,
New Brndhfeon. Pu.. School Be. Price J t/Uand
L
Cmm of il*«
"Ijof Chicago,
CBJra ®#* i Li*» Hovemher id,
lO.dfiO Cteluifewu Kail#, Wla_ 6*. Price mo and Intero Superior, Wi-„
Price 100 and interest,
“ “ .... ....—
-------- ---- I f
“
BO.UuuSiaten Island Railway Co. Int mutt, nMd Hi
per cent, due UR3, guaranteed by btuten
S 5 0
, w*f'
l* a»d Rapid Transit Rif, Co. .Price, 101 and
Interest.
iSTMtert are invited to call, write, or telegraph at
M u n i c i p a l B o n d s F o r S a l e , m t expm m, for prices on other choice bonds.
Bhti w ® .bwreceived onlt) the Si si dsy o f DecernC . H . W H I T E & C O .,
hwr, ieb*» by mm Mayor and Connell o f V a ld o sta
BANKSXtS,
for the pixmtmm o f Fifty
Dollars o f &m
Per Cant Bond# o f said City. Fald bond# to ran
72 B B O A D W A Y , N E W Y O R K ,
thirty year** dated. January ini, Imn, interest payable
and both principal and interett
payable In gold, the payment o f principal being'
T I IO .O A S B R A .V C H A. C O .,
provide for fey a sinking fond.
BANKBB8 AND BROKERS,
For particulars ad&ra**,
n ir n m n n o , Vir g in ia .
W . I I , fJ B I F F I N , M a y o r ,
IiT H U n o l SwwlUM a Btwotilt/. Frlvata Wire
V aido*tn , fJo, to N.w yoTt

STREET,

&

C ity o f C in cin n ati C ou p on 4 s.
C ity of Cinciisiinti C old &
tt*
C ity o f C in cin n a ti C oupon 7 3 - 1 0 s. .
S t a r k C o u n t y C o u r t H o u s e Ds*
N o r w o o d , O h i o , W a t e r . -5M***

liin w o o d , O h io, W a t e r S ».
W ilm in g to n , O h io, T o w n H a ll 5fl«
PARTICULARS UPON APPLICATION.
FOR SALE BY

R udolph

K l e y b o l t e &» C o . ,

IS V E ST R E N T

BAN KERS,

CINCINNATI, OHIO.

Edward M orton & C o .,
53 Bro ad w a y , N e w Y o rk .
S p e c la l lt e * i

M U N IC IP A L ,
S T R E E T It A I L W A Y B O N D *
a «n l

B A N K

S T O C K S .

952

THE

C H R O N IC L E .

|VOL. LVII.

m ale to Brewster, Cobb & Estabrook of Boston. The bonds
are of the denomination of $1,000 each, bear interest at the
rate of 4 per cent, payable semi-annually on Februarv 1 and
August 1, and mature August 1, 1922. Principal aDd interest
are payable at the Winthrop National Bank, Boston, Mass.
This is part of an authorized issue of $150,000, the amount
previously sold being $72,000.
M elrc-e, Mass.—(S t a t e a n d C i t y S u p p l e m e n t , page 27.)—
Water works bonds of this town to the amount of $20,000
have recently been voted.
Mechanicsburg, Pa.—It is reported that an election will be
Held at Mechanicsburg to vote on issuing $5,000 of street
bonds.
Muskegon,Mich.—(S t a t e a n d C i t y S u p p l e m e n t , page 99).
—Bids will be received until December 15, 1893, by City
Treasurer C. H, Hackley for the purchase of Muskegon pub­
lic park bonds to the amount of $100,000. The securities are
described as 5 per cent gold bonds dated July 1, 1893, and
payable July 1, 1926. Both interest and principal will be pay­
able at the Western National Bank in New York City.
The City of Muskegon has a population of about 25,000, and
is a progressive and growing city. Its population was more
than doubled between 1880 and 1890, the per cent of increase in
population being the largest of any city in Michigan during
that period. The city has a large variety of manufacturing
interests; owns an excellent system of water works, the sup­
ply of water being obtained from Lake Michigan; also has an
excellent system of sewerage. Its public schools are among
the best in the State, and its several school buildings of the
best class.
Three railway systems enter the city, viz.: The Toledo
Saginaw & Muskegon (Grand Trunk system), Chicago & West
Michigan and Grand Rapids & Indiana (Pennsylvania sys­
tem). There are steamboat lines to Chicago, Milwaukee,
Sheboygan and other ports. Muskegon Harbor is one of the
finest inner harbors on the Great Lakes. There is in the city
a good electric railway system ; also gas and electric-light
plants. The last assessed valuation of property in the city
for the purpose of taxation amounted to $6,062,457 ; true val­
uation about $15,000,000. The total bonded indebtedness of

to state the lowest rate of interest, not exceeding 6 per cent,
for which they would pay par. The sale will probably be
postponed UDtil some time in January. Kl'ckitat County has
no bonded indeb’ edness at present and its assessed valuation
for 1893 is $1,847,251.
Lawrence County, Ohio.—(S t a t e a n d C i t y S u p p l e m e n t ,
page 82 )— Turnpike bonds of this county to the amount of
$50,000 have recently been sold.
Lansing, Mich.—(S t a t e a n d C i t y S u p p l e m e n t , page 99.)—
It is reported that electric-light and bridge bonds of Lansing
to the amount of $80,000 have been sold.
Lake City School District, N. Y.—Bonds of this district to
the amount of $16,000 for a new high school have recently
been voted.
La Crosse, Wig.—(S t a t e a n d C i t y S u p p l e m e n t , page 102.)
—City Clerk W . T. Symons writes us that a resolution to is­
sue water bonds for $25,000 is in the hands o f a committee,
but that a favorable report at present is hardly probable.
Lowell. Mass.—(S t a t e a n d C i t y S u p p l e m e n t , page 26.)—
Austin K. Chadwick, City Treasurer, writes us that the
$155,000 of coupon notes which were offered for sale on
November 28 were awarded to Messrs. Lee, Higginson & Co.
at 101'375, theirs being the highest of six bids.
These notes are dated Nov. 1, 1893. bear interest at the rate
of 4\4 Per cent, payable semi-anDually, and are issued in ten
series, each series composed of fifteen notes of $1,000 and one
note of $500—one series to be made payable Nov. 1 of each
year from 1894 to 1903, both inclusive.
On Nov. 17, 1893. the total debt of the city was $3,231,100,
l?ss sinking fund $401,538; net debt, $2,829,562. The total in­
debtedness for water included in the foregoiog is $1,273,000,
less water loan sinking funds, $133,617; net water debt, $1,139,383. The assessed valua'ion of real and personal property
for the year 1893 is $68,849,695, and the present population is
about 80,000.
Marlborough, Mass.—(S t a t e a n d C i t y S u p p l e m e n t , page
27.)—Seven bids were received on November 27 at the office of
Charles F. Holyoke, City Treasurer, for the purchase of cou­
pon water bonds to the amount of $22,000, and the award was

M IS C E LLA N E O U S .

M IS C E LL A N E O U S .

THE

INVESTMENTS IN THE SOUTH.

Lewis

Investment
-

Exchange

filY

P C D
A r h iT
G u aranteed F ir it M o n O lA
I C iv
U C n I gages on Im proved lan d.
In Iow a an d E a stern N ebraska. Sate and Desirable

F ilte e n Y ears* S u ccessfu l E x p e rie n ce .
Send lo r P am ph let.

President.

and

In v estm e n t

311-313 S uperiority^

Securities.

608 F I R S T N A T I O N A L B A N K B U IL D IN G .

Om aha, Nebraska.

BOOKS

HALL

ACCOUNTANT

AU D ITED

N ew fo r m s designed fo r b ooks o f account.

B uilding, 53 State Street, B osto n

V IC IN IT Y

90 FOU RTH AVIS.. PITTSB U B C . PA.

305 PINE STREET, ST. LOUIS, MO#

M ORTGAGE LOANS
IN

TEXAS.

YORK.

C o n s u ltin g

WELDED CHROME STEEL AND IRON

B. K IR B Y ,

M in in g
E n g in e e r
M e t a llu r g is t ,

F R A N C IS

S M IT H

&

C O .,

SAN A N T O N IO , T E X A S .

SEARS

&

W H IT E ,

Successors to
E U G E N E R . COLE,

N o. 1 W IL L IA M S T R E E T

M akes specialty o f reports on railroad s'an d other
in vestm en t properties.
E xam in ations m ad e in any part o f th e oountry.

EDM U N D

C O M M ISS IO N S charged b orrow er or le n d er
u n til loan s h a v e p roven goo d .

STATIONERS ANJD P R IN T E R S.

M . A m . 8o c. C. E .,

NEW

® P e r C ent and 7 P e r C ent Net.

Supply Banks, B ank ers, S tock B rokers and Cor­
poral inns w ith com p lete ou tfits o f A c c o u n t B o o k s
and Stationery.
J3T* N ew concerns organizing w ill h a v e th e ir
ord ers p rom p tly ex ecu ted .

C O N S U L T IN G E N G IN E E R ,
BROADW AY,

DEALERS.

Carothers,

Jos. O . Osgood,

120

STOCK

W e buy an d sell ou trigh t all W e ste r n
M unicipal Bonds an d S tock s.
We
c h e erfu lly fu rn ish fu ll and reliable in­
form ation concerning any W e ste rn s e ­
curity w ith ou t charge. M o n tn ly q u o­
tation circular m ailed to all applicants.
N e w issues o f m unicipal bonds w anted.

NO

AND

D e a lt In by

Jas.

S e ttle m e n t o f I n s o lv e n t E s ta te s .

418 E xch an ge

OF

P IT T S B U R G

New York.

Geo. M . Huston & C o.

MUNICIPAL SECURITIES

W M . FRANKLI*N

In­

1Q WaU Street,

B o sto n .

B OND AND

A . S. J. P e r r y , o f J oh n sto n , Crews & Co., w holesale
dry goods.
W i l l i a m M . B i r d , o f W m . M . Bird & Co., w holesale
paints and oils.
J a m e s A l l a n o f J am es A llan & Co., Jew elers.
J. H . F . K o e n i g , w ith K n oop , F rerich s & Co., cotton
exporters.
G e o . B . E d w a r d s P res. E lectric-Light & P ow er o o

Sons,

C able A d d re ss, “ K E N N E T H .”

In v e stm e n ts m a d e in sa fe and reliable in te re st
paying S utn ern securities, and 1st m ortgages on
im proved city and tow n real estate,
Corresponuenc^ solicited as to ail S outhern in v e st­
m e n ts. Bei h w ithin easy reach o f all p a n s o f th e
South, th orou gh and c irefu l invest igation fo r
purchasers can be m ad e o f all in v estm en ts.

O F F IC E R S .

&

7 E x ch a n ge P la c e .

D IR E C T O R S .

Commercial Paper,
Stocks

C H A R L E S TO N , S. C.

Hayes

S treet R ailw ay B on d s an d o th e r high grade
vestm en ts.

G E O . B, E D W A R D S , P resid en t.
P . N. P IC K E N S , Cashier.
R . E . M U C K E N E U -8 . Secretary and T reasu rer
J . L A M B P E R B Y , Solicitor.
8 M Y T H E & l E E , G eneral Counsel.

G . R . Voss,
Bonds,

Com pany,

J.

BANK ERS,
Dealers in M UNICIPAL BONDS.

&

T r a n s a c ts a G e n e ra l B a n k in g an d T ru st
B u sin e ss. In te re st A llo w e d on D e p o sits .

GEO. H. LEWIS

Secretary.

Banking

Trust

$150,000.

C h oice Investm ents In th e m ost C o n s e r v a ­
tiv e F ie ld in th e W e st

W. A. HOTCHKISS,

W.

C o .,

D E S M O IN E S, I O W A .
C APITAL P A ID UP ,

M IS C E LLA N E O U S .

and

N o. 9 W in d so r H o te l Block, D enver, CoL

In R o u n d and Flat BarB and 5-p ly P lates and A ngioa
F O B S A F E S , V A LJoTS, &c.
C ann ot be Saw ed C ut, or Drilled, an d positively
B u r g la r-P r o o f.

C SI IlC ME STEEL W ORKS,

S P E C I A L T Y .—T h e E x p e r t E xam in ation o f M ining
in v e stm e n ts an d M etallurgical E nterp rises.
. Bole M a n ’f ’ers in th e U . 8 .

BROOKLYN. N. Y.

Jos. C . Platt, C . E .,
CONSULTING E N G IN E E R
3 5 W a ll S tre e t, N ew Y o r k ,
A n d W a t e r fo r d , N. Y .
E x a m in a tio n s .

S u p e r v is io n .

R e p o rt#

D ecember 2, 1893.]

THE CHRONICLE.

9 5 3

and the city tax rate per $1,000 is $5. , Property is assessed
at about two-thirds of its real value. Interest and principal
o f the new bond issue will be made payable in New York or
Valdosta, at the option of the purchaser, and the city has
authority to buy back the bonds from time to time with any
part of the sinking fund on hand, the maximum price to be
paid for them being 105, The securities are exempt from
taxation and are issued for the water works and city hall. As
we mentioned last week, Valdosta has no indebtedness at
present
The bonds are advertised elsewhere in this Department,
West Carrollton, Ohio.—We are informed by Charles
Christman, Village Clerk, in reference to the $12,000 o f bonds
which were offered for sale on November 13, that no bids
were received for the loan.
Westchester Union Free School District No. 2, N Y.—
Ambrose I>e, Secretary of the Board of Education of Union
Free School District No. 2, of the town of Westchester, will
receive proposal- at Williamsbridga until December 14 for
the purchase of $30,000 of school bonds maturing at the rate
of $2,000 yearly from 1906 to 1911, and then at the rate of
$3,0(i0 yearly from 1915 to 1918. Fifteen thousand dollars of
the above amount will be is-ued January 1, 1894, and the re­
maining $15,000 June 1, 1894. Proposals must state the
lowest rate of interest, which will be payable semi-annually,
at which the bonds will be purchased at par, and separate
offers will be received for each and both issues.
Westport, Maine,—We are informed by Town Treasurer
James McCarty that the issuance of bridge bonds recently
T r e n t o n , N. J . — (S t a t e a n d C i t y S u p p l e m e n t , p a g e 6 2 .)—
Citv Treasurer Samuel Walker, Jr., reports to ug that $J0,0i 0 proposed will be deferred until after the meeting of the next
legislature, which does not convene until one year from next
of Greenwood Avenue 5 percent paving toads have been sold January.
by the city of Trenton,
Youngstown, Ohio.—(S t a t e a n d C i t y S u p p l e m e n t , p a g e
Valdosta, Gu.—A special report received this week from
85.)—1 he
T
issuing
the city of Valdosta, Ga,, which is offering for sale $30,000 of $100,000 ofelection held on November 7 to vote on not ex­
el-ceric-light bonds and water-works bonds
6 per cent 30-year bonds, contains the information that the ceeding $186,000. resulted in the defeat of the propositions.
assessed valuation of the city for the year 1893 is $2,000,000, Another vote will probably be taken at the spring election.

the city amounts to $363,500, of which $53,500 is for sewers
and other internal improvements ; the remainder for city
water works. The water works system is already more than
self-sustaining.
N e w Brunswick, 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 6t>, City Treasurer James Neilson writes the C h r o n i c l e
that an issue of renewal water bonds amounting to §10,000
will be taken by the sinking fund.
Norfolk, Ya.— 'S t t b a n d City S u p p l e m e n t , page 154.)—
City Treasurer TV. W . Hunter will receive proposals until
December 5 for the purchase of §100,000 of 5 per cent 30-year
coupon bonds of $500 each, issued to retire 6 per cent bonds
maturing January 1, 1894. The bonds are dated December 1,
1893, and interest will be p a y a b le semi-annually on June 1
and December 1. at the Mercantile Trust & Deposit Com­
pany. Baltimore, Md.
Rochester, I ml.—It is reported that water-works bonds of
Rochester have recently been fold.
Roane County, Tenn.—We are informed by B, M. Hornsby.
Trustee, in reference to the election which t"ok place in this
county on November 25. to vot* on issuing $250,000 of bonds,
that the proposition carried. The bonds, he states, wilt be
L-sued wi en the road* are built- The loan will bear interest
at the rate of six per cent and will run twenty years.
Shawnee County. Kans.—(State and City S upplement,
page 129.)—Ac the election which took place in this county on
November 1 the people voted in favor of issuing the $150 000
of 4 per cent 30-year court house bonds by a maj >rity of 918.
The bonds will probably be dated December, 1893, and will be
payable, principal and interest, at the Kansas Fiscal Agency,
New York City.

CH ICA G O .

C H ICA C O .

C H ICA C O .

Title Guarantee & Trust Illinois Trust & Savings
Bank.
EquitableTrust Company
Company
The

1 8 6 D E A R B O R N S T .. C H I C A G O .

OF

93, 0 4 S Be
c
CAPITAL, PAID UP,
SURPLUS, ----------

C H I C A G O , U .L .

CHICAGO,
W A S H IN G TO N S T R E E T ,

- $500,000 C a p ita l, p a id -u p ............................81,011 0,00 0
U ndivided earnin g*, Including
50,000
• o r p l u . .................................... ................
* 4 3 9 ,0 0 0

AUTHORIZED BY LAW TO RKCKIV* and «*.
•an* ir o n , or ev*ry character from court*, corpora­
tion* and Inaivnsosl*. Take* entire eh*r*« of estates,
reel usd person*!. Act* e* went (or the reautretton end transfer o f hoed* end stock* end the per
ment of coupons. Interest end dtrlder.de A leg*
depositor* for court end tra*t fund*.
INTEREST ALLOWED ON DEPOSIT Sof money
which may tie made et eny U se end withdrawn after
Sre cays' notice, or et e seed due.
TRUST FUNDS AND TRUST INVESTMENTere kept separate end apart from the asset* o f the
eempasy.

D eposited w ith Htate A u d itor. .

INTEREST ALLOW ED ON DEPOSITS.

4 0 0 ,0 0 0

GUARANTEES TITLES TO REAL ESTATE.
MAKES ABSTRACTS OF TITLE.
Oftrr* In vestor* In real estate aecarltle*
p rotection afforded bjr no oth er system of
doing business.
I* aothoriied by law to act a* Registrar of 8to«k»
and Bond*. Kreentor, Receiver and Trustee for
S*tate*. Syndicate*, Indivldn&l* and Corporation*.
Trent money* and trait teonriue* kept separate
from the assets of the Company.
C O R R E S P O N D ENCE S O L IC IT E D .

OFFICERS*

John J , M itch ell, P resident,
J ohn B . Drake, V ice-P resid ent,
W m . Et. M itch ell. Second V ice-P resid ent,
W m . H . Reid. T h ird V ic e -P r e sid e n t
James 8 Gibbs, Cash’r. B . M . C hattell, A s s ’t CasMD
D IR E C T O R S
MoC&ffsjT*
John B . I
Letter,
W m . ELI
H . M ttcbelL
John J. 1_.
------- '
J. C. M oM n
Wm. G. Hibbard,
J . O gden Armour.
0, B. Shipman,
W <M t»«VT TT— ■
w »
’

1850.

O F F IC E R S :

DIRECTORS:
AZBL r . HATCH,
CHAR II. HUI.8URD.
St. W. KERWIN.
GKO N.CULVER.
HARBY RUBENS,
MAURICE ROSRNFKLD.
J. r . WALaii.
sam u bl d. w a r d ,
OTTO YOUNG.

C A P I T A L AMD S U R P L U S , - 8 3 ,5 0 0 ,0 0 ©

5 WYNN GARNETT, President.
A. H. SELLERS, Vice-President.
ARCHIBALD A. STEWART, Secretary.
CHA8. R. LARKABBK. Treasurer.
FRANK H. SELLERS, Trait Offlcer.
DIRECTORS:
Ohai. W. Drew,

1898.

T h e United States Life
Insurance 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 I ), P resid en t.
A^H^en'era.*1
'
John DeKor en,
0. P .FRALM GH ..... . . . . . . . . . . . . . . . . . . . . ....Secretary*
Samuel B. Chaie.
A. WHEELWRIGHT-. . . . . . . . . . .Assistant Secretary
COUNSEL:
WM. T. 8T ANDEN.................................... Actuary
John P.^wiUon.
A RTHUR C. PERRY................................... Caable?
JOHN P. MUNN,.......................... .Medical Director
FINANCE COMMITTEE.
GEO. G. WILLIAMS............Pres. Chem. Nat, Bank
JULIUS GATLIN........................... ....... Dry Goode
S T O C K . §—JBOXDS,
Su ccessor to
JOHN J. TUCKER...... .............................. Builder
E. H. PERKINS, Jit., Pres. Imp. & Traders' Nat. B'k
a.hern New York and ChifflMto Stock Kich*ti«e«. H E R M A N
SCHAFFNER
«< C O .
The two most popular plans of LIFE INSURANCE
are the CONTINUABLK TERM POLICY which
1ST OKA H O O R N S T R E E T ,
gives to the insured the greatest possible amount of
C O M M E R C IA L P A P E R ,
Ufa le a s e , Ilia.
Indemnity in the event of death, at the lowest possi­
ble present cash outlay; and the GUARANTEED
P rim e wtre to sew r o r k and P hiladelphia, j 154 ha Salle Street, - Chicago, III. 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
LOAN,
A. O. SLAUGHTER, Member N, Y. Stock Kmhanpo. to the extent of the full legal reserveFOR Athereof
value
ffM. Y. BAKER. Member Chicago Stock Erahange. in accordance with the terms and conditions of these,x
policies.
, „
Vf
Good Agents desiring to represent the Company
M ORTGAGE BANKERS
are Invited to address J . S. <* A F PNE Y* Super­
intendent of Agencies at. Home Office.
136 L A S A L L E S T R E E T . C H IC A G O .
H AN KERS,
flrtt. Morthaaes for rale In [Arse and «w»il amount*
1 1 1 * 1 1 3 LA S A L L E S T R E E T ,
nsttin* Investor* S. »H and« per cent, ..reared by
improved and taeome-bearln* riihanroctty property.
C H IC A G O , IL L S .
P U B L IC A C C O U N T A N T ,
P rin cip a l and Interest p a y a b le In G o ld .
CORRK8PONDKNUB 80LKJITKD,
C h ica g o S e c u r itie s B ough t and S old .
1 4 7 W a t e r S treet,
N KW Y O R K .
OFFICERS!
3, R. WALSH, President.
CHAS. H. HULBORD. Vice-President.
SAMUEL D. WARD, Treasurer.
LYMAN A. WALTON. Secretary

Jamieson 8c C o .,

fc a sr

A . G . Becker,

Loeb & Gatzert,

O . Slaughter & C o .,

A rch’d. J. C . Anderson,

THE CH110NICLE.

X

©OttCtt.

©joiicm.

fin a n c ia l
W alter T. H atch,
H en ry Prescott H atch ,
A r th u r M elvin H atch

WOODWARD

Members o f N. Y. Stock and Produce Exchangee,

& S T IL L M A N , IN M A N , S W A N N & Co
COTTON MERCHANTS*,
16 t o

22

COTTON

W I LL I A M

OP

rvou l v ii.

C O TT O N M E K C H A N TS,

STREET.

W . T . H atch & Sons,
96 Broadway & 6 Wall St., New York.
Dealers in investment stocks and bonds.
Personal attention given at the N. Y. Stock Ex­
change for the purchase and sale on commission of
stocks and bonds for cash or on margin.
Interest allowed on deposits, subject to draft at
sight.

N ew Y o r k .

ALL GRADES SUITABLE

TO W A N TS OF AMERICAN SPINNERS.

Henry H en tz & C o .,
LlHMAN, Stern A Co„ Limited, New Orleans, La.
L i h m a n -D ttrr Co., Montgomery, Ala.

COMMISSION

LEH M AN

1 6 t o 2 2 W illia m S tre e t, N e w Y o r k .
EXECUTE ORDERS FOR FUTURE DELIVERY

c o m m is s io n

BROS.,
m e r c h a n t s

,

No. AO Exchange Place,

MERCHANTS,

FEE AND PRODUCE EXCH ANGES,
N ew Y o r k .
Orders executed on the above Exchanges as well
as in New Orleans, Chicago and foreign markets.

COTTON EXCHANGE BUILDING,
NEW Y O R K .

General Commission Merchants.
Members New York 8tock Exchange, New York
Cotton Exchange, New York Produce Exchange, New
York Coffee Exchange, Chicago Board of Trade.
Orders executed on any of the above Exchanges,
also for purcnase and sale of cotton for future de­
livery in New Orleans and Liverpool. Liberal ad­
vances made on cotton consignments.
P R I C E , R E I D dfc C O .,
N o rfo lk , V a.
Special attention given to orders for ootton for
foreign or domestic shipment.

at the NSW YORK COFFEE EXCHANGE, and

G R A IN

AND

H o p k in s,D w ig h t & C o .,
C O T T O N , C O T T O N S E E D O IL
AND
SO U TH ERN PRODU CE

MERCHANTS

R o o m 5 2 , C otton E x ch a g e B u ild in g ,
NEW YORK.
Lucius Hopkins Smith.
Samuel Hopkins.

N ew Y o r k .

M ERC H ANTS,

Members o f the Cotton, Coffee and Produce Exch’s.
Im p o r te r s o f E g y p tia n C o tto n .

J. P L A N T A

SULPH UR

J. O. Blobs.

Gao. H. Church , Special

J. O. BLOSS & CO.,

CO TTO N

M E R C H A N T S ,

W illiam Street.
NEW Y O R K .

W. D. Rountree 8c Co.,
W. D. Rountree.

a lb ert

L. Rountree

COMMISSION MERCHANTS
C O TTO N E X C H A N G E B U IL D IN G , NEW
Y O R K , and N O R F O L K , V A .
COTTON, COFFEE, GRAIN, PROVISIONS AND
STOCKS.

A. A. Goldsmith, Agt.
Geo.H.McFadden&Bro.
COTTON

MEKCHANTS,

P H IL A D E L P H I !.
A le x a n d r ia , >
L iv e r p o o l. >

COMPANY,

OF VIRGINIA.
High Grade Pyrites, free from Arsenic.

COTTON

SAMPLES AND PICKINGS A SPECIALTY.
C H A R L E S T O N , S. C.:
Correspondence Solicited.

& C O t,

M IN E S

AND

MASS

GRAIN

FOR FUTURE DELIVERY.

HIGH GRADE INVESTMENTS.
Members of New York and Boston Stock Exchanges*

C o .,

B A N K E R S AND B R O K E R S .
Contracts for Cotton Future Delivery executed on
the Liverpool, New Orleans and New
York Exchanges.
NEW Y O R K ,
NEW ORLEAN S,
5 4 -5 6 B r o a d S treet. 1 9 0 C om m on S tre e t.

of

— >:o:(----

BOSTON,

Private wires to all important points North, South,
East and West.

COTTON BROKER.

Crenshaw & W isner,

A gency

C o .,

P R O V IS IO N S

at the NEW YORK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TRADE.

22

COMMISSION

8c

BANKERS

Hubbard, Price & C o ., A tw ood Violett &

1 6 <fc I S E x ch a n g e P la c e ,

Prince

C O F F E E

MEMBERS OF TH E STOCK, COTTON, COF­

Gustavus C. Hopkins,
Charles D. Miller,

H.

C O T T O N
at the NEW YORK, LIVERPOOL AND NEW OR­
LEANS OOTTON EXCHANGES. Also orders for

NEW Y O R K .

COMMISSION

F.

L iverpool Correspondents ,
F R E D E R I C K Z E R E G A & CO.

Geo. Copeland & Co.,

M. T. Ma in e .

W m.R a t .

COTTO N
1 2 9 P e a rl S treet,

B. F. Evan a Special.

BROKERS,
N ew Y o r k .

C otton landed at m ills from S outhern m ark ets a
sp ecialty.
Orders for lu tu r e d elivery contracts
executed on New York C otton E xch an ge.

U N IT E D

STATES

BONDS

B ou g h t an d S old by

Cahoone 8c W esco tt,
Members New York Stock Exchange,

18 W A L L ST RE ET,

NEW Y O R K .

We have for sale first class bonds, paying

5 1-2 to 6 per cent interest,
well secured, and which we are confident will sell
higher in the future.

HATCH

&

FOOTE,

B an k ers,

r P IN K S T R E E T . N E W Y O R K

American Exchange Bank,
S T . LO T TO , H O .
C a p ita l, - 8 5 0 0 ,0 0 0 |S u rp lu s, - 8 3 2 5 .0 0 0
PETER NICHOLSON, President,
ALVAH MANSUR, Vice-President.
WALKER HILL, Cashier.
We send direct to every banking point in Mo.

J.

Spencer Turner,
8UCCE8SOR TO

B r in c k c r lio tf, T u r n e r & C o .,
MANUFACTURER AND DEALER IN

OOT T ON SAIL DUCK
AND ALL KINDS OP
OTTON CANVAS FELTING DUCK,
CAR COVERING BAGGING,
RAVENS DUCK, 8AIL TWINE, Ac.,
POPE “ AWNING” 8TRIPE8.
A gent
U N ITED S T A T E S B U N TIN G CO.
A full supply all Widths and Colore, always in
stock.
’ OQ l l n * n a

Bliss, Fabyan 8c C o .,
N E W Y O R K , B OSTON, P H I L A D E L P H I A ,
SELLING AGENTS FOB LE A D IN G BRAND S

Frederick Paxson & C o .,
STOCK B R O K E R S,
DREXEL BUILDING, PHILADELPHIA.
Private wires to New York Stock and Cotton
Exchanges and Chicago Board o f Trade.

R . T . W ilson & C o .,
BANKERS AND COMMISSION MERCHANTS.
3 3 W a ll S treet. N ew Y o rk .

R. H. R O U N T R E E & C O .,
C otton ,

G r a in , C o flee and
P r o v is io n
C om iniggioii M erch a n ts.
Cotton Exchange Building,
NEW Y O R K .
CORRESPONDENCE INVITED.

BROW N

and B L E A C H E D S H I R T I N G S
and S H E E T IN G S ,
PRINTS, DENIMS, TICKS, DUCKS, * 0 .

T o w e l., Q u ilt ., W hit© G o o d , and H o .le r y ,
D rills, Sheetings, <tc., fo r E xport Trade.

Filth Avenue H o tel,

Edward E . Higgins,

M a d is o n S q u a re , N e w Y o r k ,
The largest, best-appointed and most liberally
managed hotel in the city, with the most central
and delightful location.
HITCHCOCK, DARLING 4 CO.

Expert in Street Railway Values and
Economies.
N U L L S B U I L D I N G , W A L L S T ..
NEW Y O R K .