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P .E P R E S E X T IX D T H E IN D U S T R IA L A X D COM M ERCIAL IN T E R E S T S OE T H E U N IT E D S T A T E S .
Entered, according to Act ot Congress, in the year 1893, by W m . B. D ana & Co., in the office of the Librarian of Congress, 'Washington, D..C.
SATURDAY, DECEMBER 23, 1893.
VOL. 57.
Week Ending December 16.
JJlxe Chrottkle.
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r W I L L U i n H . D A N A A’. C o ., F n b l t s h e r e ,
WILLIAM
a.
DANA. Y
JOHN O. VLOTD,
)
^
w ,1H am s tr e e t, N E W T O B K ,
POST OFFICE BOX 958.
1892.
S t. L e a is ........................ ..........
N ew Orleans . . . — — —.......
—41*0
-29*1
-23*9
- 9*7
-25*4
- 7*1
—13‘9
S even cities, 6 fla y * ........
O ther elite*. 5 flays.................
$667,441.108
128.801,273
$1,025,995,004
160,794,268
-85*8
-21*1
T otal all cities, 5 d a y s ....
A il cities, 1 d a y....... ........— -
$784,242,381
158,977,483
$1,188,789,272
209,923,709
-3 3 9
—25*2
$041,219,864
$1,308,712,581
—3 2 6
T otal all cutes lo r week
•Partly estimated.
The full details of clearings for the week covered by the
above statement will be given next Saturday. W e cannot, of
course, furnish them to-day, bank clearings being made up by
the vaii us charing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night.
W e give below our usual detailed figures for the previous
"week, covering the returns for the period ending with Satur
day noon, December 18, as well as the comparative totals in
1892. The aggregate exchanges show a decrease of about
sixty-five million doilais from the previous week, the loss at
New York being thirty-3ix millions, Contrasted with the corres
ponding period of 1892 all but ten of the cities record losses,
and in the aggregate for the whole couatry there is a decrease
of 33-7 per cent, The most important percentages of decrease
this week have been at Spokane 72'7 per cent; Seattle 62 8;
Na*bvide 61; Portland, Oie., 54-5 ; Cna'tanoogn 53-4 ; Denver
51-7: Milwaukee 50-3; Memphis 49; St. Paul 471 and Sioux City
and Birmingham 42 8 per cent.
In ratio of gain Houston,
Savannah and Indianapolis lead,
(P. Cent.
Boston.......
Providence..
Hartford....
New Haven.
Sprlngfied...
Worcester...
Portland--..
Pali River...
Lowell-.-.
New Bedford.............
Total New England.
-24*8
-27-5
—21*9
-1 6 0
—16*3
—29 2
—15 3
—24*3
94,261,598
5,000,700
1,979,369
1,414,155
1,205,874
1,240,802
1,291.767
929,869
680.110
659.294
108,578,038
—11*9
1,355.753
1.257.267
1.187.8:8
1,318,171
1,170,93 7
576,590
503,485
100,683,139
114.584,388
7,444,400
2.244,172
1.6 13,4 0
1,602,417
1,678,390
1,556.117
1,086,085
712,509
599.77.
133,021.683
60,033.487
11.413,665
12,754.515
7,614,442
1,601,431
1,420,14?
968,329
770,926
344,900
96,930,842
78.4S2.567
15,036.014
16.849.965
9,341.401
2,454,840
1,818.418
1,163,848
947,646
305.500
126,400,199
-2 3 5
-24*1
—2 l‘3
-1 8 5
—34 8
-2 1 9
—16 8
-1 7 7
-F12 9
-2 8 3
62.142,797
11.959.400
14.260,433
8,632,384
1.811,481
1,908,243
925,879
801,047
307,000
102,871,750
—14*5
—23*5
81,854.410
12,325.500
4,457,242
5,883.6' '6
4,744,274
3,291 # 0
1.395,949
111.480.732
14,876.300
.8,971,276
7,519,69p
6,501,084
3.696 5( 0
1.181,894
2,255,502
1,189,771
577.780
898,8*2
270.600
198.550
160,000
-2 3 9
-17*1
—50*3
86,165,272
5,394,600
1.753.266
Philadelphia......
Pittsburg...... .....
B altim ore............
Buffalo— .... *•••
Washington.... ...
Rochester.........
Syracuse..............
Wilmington.......
Binghamton.......
Total M id d le....
Chicago........... ........
Cincinnati....... .
Milwaukee— ...........
Detroit.......................
Cleveland.... ...........
Columbus..................
Indianapolis....... ....
Peoria................ .
Grand Rapids.........
Lexington...............
Saginaw....................
Fargo*..............
Total Pacific...
W ichita......... ...........
Topeka...................
Fremont,...... ........
Hui chinsomt........ ...
Hastings*....... ..........
Total Other Western..
Savannah....
Memphis........
Atlanta.......
N orfolk.... ...
Total all..
Outside New York..
-18*8
-54*5
12,646,474
1,234,872
-24*7
445.825
663,653
1,444,781
1,2**0,000
-0 2 8
908 023
1,466,003
—26 9
—1*5
573.652
741,033
1,008,744
—50*2
-25*9
-+•1*0
282 876
1,037,478
—7*2*7
354,804
- 7 i :0
147,09a
90,573
18,058,123
200,000
24,371,280
-25*9
192,744
153,746
10,652,323
-29*5
11.257.360
9,760.255
7,070,004
6.595,287
5,423.538
2,527,812
2,08 X2f5
1,368,946
970,689
750.000
537,111
881.832
-15*2
—30*2
—2 /3
-4 7 1
-5 1 7
-1 3 8
—5**
-42*8
-7*1
-26*6
4-2*8
-+5‘5
- l i ‘l
9,781,540
7,538,439
5,099,562
4,747,752
2,671,521
2,143,874
1,870,346
913,781
937,492
680.325
561,903
430,^88
105,817
-29*4
99,001
37,444,340
100.000
27.151.612
16.548,757
8.368,903
4.897,080
3,482,591
8,041.237
2.171.470
2,273.128
2,8h0,851
1.779.599
1,158.7l9
1,102,804
1,037,634
756,953*
4*9.61*9
428,5*8
415.019
998 733.986 1,459.187.217
■436JO9A03
509,337,o3o
9.931,30:
6,778 537
1,119,1' 9
096,449
17,525,398
12.281.938
7.575.537
C • Not included in totals
11*0
10-2
-24*1
-+-8*4
—11*9
-3*2
-1-10*3
-14*5
2,209,415
271,451
199 852
407,781
Montreal ..... ....
Toronto.............
Halifax ..........
Hamilton ........
Total Canada..
-
17,280,701
1,134,067
7U0,t 00
7*2,921
Dallas.............
W aco...........
Fort Worth...
Birmingham..
Chattanooga..
Jacksonville.
Total Southern..
10*1
14,042.432
1,031,762
22,900,044
14,020,418
6,754 377
3,631,082
4,181,533
3,261,. 81
815,040
2,693,875
1,400,16-4
1,301.60b
1,200 162
Nashville........
15!
—28*8
—20*5
—20*8
—15*3
—10*3
—12 0
-25*3
—36 7
+14*3
-1 3 4
-24*2
82.400
34,486,824 "18,820,619
St. Louis.......
New Orleans.,
Louisville.....
Galveston...,
Houston.......
Richmond-----
-
H R
159,207,9»O
0,550,645
6,227.122
5,283,699
3,490.308
2.619,570
2,070,06?'
1,078,359
788,74*
901,465
550,000
530,159
402, V49
85,9.8
Kansas C ity..........
Minneapolis............
O m a h a................
St. Paul.......... .........
Denver..................
Duluth...........
St, Joseph..............
Sioux City.................
Des Moines.......... .
Lincoln..................
-
-3 I«9
97,027,047
12,755,600
4,785,779
5.701,391
4,927,059
3,245,000
1,495,006
1,785,233
812,470
430,162
325,488
198,547
181,341
157,411
278,601
133,808,434
417,784
279,513
159.881
177,080
o
250,928
120,800,670
Great Falls*.......
$722,449,241
94,433,217
08,726,388
12,557,(08
93,312,853
21,508,585
13,867,102
1893.
0.012,5531
(9,091,550,
Sioux F a lls .......
$425,803,122
*67,000,000
62,304,161
11,332,307
68.908,441
20,087,162
11,936,825
N ew Y o r k ..................
889,849,882
Week End'g Dec. 9.
537,666,573
Helena + ............
Spokane.. — .. ..
Per am t.
501,964.581
P. Cent
(2.258,349) (-6 0 9 ;
(16,787,025) (-36-4;
Total Middle Western,
1893.
1892.
Sale* of—
(Stock« . . . . . . . . . shares.)
(882,408
( Grain.............bmnelt.) (10,676,825)
The following table, made up by telegraph, etc,, Indicates
Francisco....
that the total bank clearings of all the clearing houses of the San
P ortland ............
United States for the week ending to-day, December 23, have Salt Lake Cltyt..
Seattle...............
been $911.319,86-1, against $938,733,988 last week and $1,- Tacoma...........
.
Los A n ge le s.....
398,712,981 the corresponding week last year.
Week Ending December 23.
1893.
—43*(
Akron.........
Springfield, O.............
Canton............ ...........
Bay C ity * .....,...........
C LE A R IN G H OUSE RETU RN S.
CnnAHrsns.
Rtfarru by T tlim vK .
NO. 1487.
H’l i l
21,640.407
-
21*8
-
11*0
-2 7
-f-17’8
-18*7
—30*5
-22*5
—29*D
—40*8
—10*8
-13*9
-17*4
24,210,897
15,384,228
0.056.815
4,127,047
4-7*2
-6 1 0
4-18 5
—48 0
-21*8
44-0
4-2*9
—32 o
-4*5
-42*8
-63*4
—1*
-15*0
3,815,*234
1.031,732
2,037,530
2,081,465
1,623,018
1, *214,201
1,136,139
800,000
825,000
264,047
245,021
414,771
60,573,205
—35?
-1 5 3
-1 0 o
4-20 1
4,120,000
—18*2
—17*2
~48'8
-26*1
—18*5
-22*9
+ 0*8
-20*4
-25*5
- 20*2
—19*0
—33*4
-1 0 * 5
—4*8
-4 8 * 5
+i
:i
-3 4 8
—33*1
—14*4
—26*3
—48*5
-10*7
—18*4
-41*8
-6 2
—20*0
+ 1*8
-7*0
+4*8
-24*4:
-14*2
-18*7
-23*8
-3 -3
+11*4
-27*8
—58*7
+15*9
-42*4
- 8*0
+1T 9
+ 0*02
-26*3
+9*4
-5 4 * 9
-52*1
-to i
—164
- 3 5 7 1003,534.663
405,920,090
—25'8
12,764,244
0,640.118
1.274,203
904,858
21,593,423
-11*7
—18*8
-23*7
4-9*0
-14*3
-19*0
f Publloation discontinued for the present.
-16*4
-8*7
-6 9
THE
1060
CHRONICLE.
THE
STATE M V CITY V t f M W t m ,
See p ages 1092, 1 093, 1 094, 1095 a n d 1096
for our State and City Department.
All advertisements with relation to State and City Bonds
will likewise be found on the same and following pages.
THE FIN A N CIA L SITUATION.
The occurrences of the week have been more than
usually important. So far as Stock Exchange values
are concerned the death of Mr. George 0. Magoun has
been by far the most serious. Mr. Magoun had grown
into the knowledge and confidence of the investing
public in a wonderful degree since the reorganization
of the Atchison Topeka & Santa Pe Railroad was
undertaken. That reorganization wa3 a brilliant con
ception, and though we have no reason to sup
pose that it was the thought of one man, yet
all concerned gave Mr. Magoun a chief place
in the councils and direction at that period.
It is not alone the multitude and magnitude and va
riety of the interests that had to be consulted and ad
justed that have given to the affair its chief distinction,
though these furnish proof of the difficult and delicate
nature of the work and of the skill and ingenuity that
were required to ensure successful results.
The more
strictly exceptional features concern the method of the
reorganization, the manner in which it was carried out,
and the policy adopted in the management of the
finances of the property pending and preceding reorgani
zation. Moreover, since that work was completed Mr.
Magoun's open and honest methods have strengthened
year by year the high esteem in which he was always
held in financial circles.
It is consequently no sur
prise that the community feels that his loss will be diffi
cult to make good.
As to the effect on the future of
Atchison, while of course the property loses a staunch
and powerful friend and a trustworthy guide, it
should be remembered that Mr. Magoun was sick for
some time and in the interval the finaaces have been
handled very skillfully by Mr. Reinhart, the president
of the company.
The closing of the St. Nicholas Bank of this city has
likewise been in some degree an event of general im
portance. It certainly has been used to depress prices
on the Stock Exchange with considerable effect.
The
bank was closed by order of the State Superintendent
of Banks pending examination. At the time of the
failure of the Madison Square Bank the St. Nicholas,
which cleared for ^t, obtained through the ClearingHouse Committee about three hundred thousand dol
lars in securities to protect checks and drafts of the
Madison Square for which the St. Nicholas was res
ponsible, and subsequently other securities were ob
tained by the St. Nicholas to’ protect other drafts. But
later, proceedings for the return of all of these securi
ties were taken by the Receiver of the Madison Square
and the tieing-up of the money those securities repre
sented was the result. This and certain losses which
have impaired the capital of the bank placed the insti
tution in such a condition as to lead to the interference
of the State Banking Department.
Ocher than the above the mo3t important circum.
stance is that Governmental and Congressional affairs
have taken a decided step forward. The tariff bill has
been reported in the House, and as it is now in the
form in which it has received the approval of the
majority of the Ways and Means Committee, the
rvoL.
l v ii.
probability is thac it is pretty nearly in the shape in
which it will pass the House. Besides the introduction
of the tariff bill Secretary Carlisle's report on the Gov
ernment finances has been presented to Congressand been published by the press.
On a subse
quent page we have written with reference to
the currency features of the report. Altogether
therefore some progress has been made towards
entering upon the work of legislation on these
important subjects; and as nothing is so deplorable in
its effects on business as uncertainty and doubt, the
outlook has to just that extent cleared up.
We
should add that Mr. Wilson, Chairman of the Ways and
Means Committee, has given notice that the tariff bill
will be called up immediately after the holiday recess.
No special change has occurred in the money market.
Failures of more or less importance are happening
almost daily, and these arrest any general growth of
confidence.
Consequently, although there is an
abundance of money offering, those who want it most
cannot get it and those who can get it do not want it.
On call representing bankers’ balances the average has
dropped again, the extremes of the week being £ of 1
per cent and 14 per cent, averaging about 1 per cent.
Banks and trust companies quote 2 per cent as the
minimum, while some obtain 3 per cent. Time money
is still in abundant supply from various sources, but the
demand does not increase. Rates are 2 to 24
per cent for thirty to sixty days, 3 per cent for ninety
days to four months and 34 per cent for five
to six months on good Stock Exchange col
lateral. Commercial paper is still in good demand
from many of the usual buyers, chiefly out of town,
but some city institutions have partially withdrawn
from the market and there is a disposition to wait
until rates grow more remunerative.
The supply,
however, does not appear to increase, and quotations
are 3£ per cent for sixty to ninety day endorsed bills
receivable, 4£ to 4£ per cent for four months com
mission house names and 5 to 6 per cent for good
single names having from four to six months to run.
The only feature in the European financial situation
this week has been dearer discount rates in Germany,
but these have little significance, for higher figures are
usual toward the close of the year. Tne Bank of E n g
land minimum rate of discount remains unchanged at
3 per cent. The cable reports sixty to ninety day bank
bills in London 2 f per cent.
The open market rate at
Paris is 2 f per cent, at Berlin it is 4 f per cent and at
Frankfort 4|- per cent. According to our special cable
from London the Bank of England lost £850,458 bul
lion during the week and held at the close £25,001,479.
Our correspondent further advises us that the decrease
was due to the export of £76,000 (of which £20,000
was to Holland and £56,000 to other Continental
points), to the shipment to the interior of Great
Britain of £780,000 and to an import of £6,000 from
China.
The foreign exchange market has been dull, narrow
and easier in tone this week.
The demand for remit
tance for interest maturing at the beginning of the new
year appears to have subsided although there is a little
inquiry but not enough to make any material impression
upon the market, and the easier tone has been mainly
due to the absence of demand. The supply was slightly
augmented on Thursday by offerings of bills
against purchases of securities for European
account. There does not seem to be any evidence as
yet that bills which were bought about sixty days ago-
THE CHHONICLK
December 23, 1893.]
for investment hare beea marketed, and the reason is,
possibly, that these bills will not ran oat until early
in the year. Then, in the opinion of some of the
foreign bankers, they may be exchanged for new long
bills, for although the rate for these looks high, yet
when the calculation as to interest is made there may
be a fair profit in the transaction. Notwithstanding
the fact that the foreign trade situation, so far as it
concerns the exchange market, is favorable to lower
sterling, bankers do not look for any material decline,
baaing their opinion upon the probability that money
will continue do command better rates abroad than
here, and therefore that there will be an inducement
to continue investments in exchange, which will
tend to absorb the supply of long sterling resulting
from commercial bills, and very few new drafts will he
drawn, at least until monetary conditions change. The
following table shows the changes in rates this week by
the leading drawers.
FrU
M onTuea*. W edThura.,
Fri.,
Dae. IS. Dee. 13. Dee. 19. Dee. 20. Dee. 21. Dee. 32.
8544
85
Ikowti
88
87*
:
, 4 86
86
85*
88*
58
. is m
mu
85*
86* '
Bank British
$ 00 clays..
ft*
Ho. America,.| B ight.....
m
88
88
35*
**>*
Bank <£
j 00 .lay# , . i3?>\4
55*
Av*
4
S3
83
*3
88
58
Montreal- . . 4 Sight.....
IS
It*
S'*
S'*
m i
m
mu
m
S'*
S'*
m
85*
88
mu
m
85*
88
!*
\%*
Canadian Bank fSO day*, .
ot Commerce. 4 Sight ... .
Sfaddelbach.ieit- i 00 daya. .
efheimer A Co l B ight-.. .
*85*
4S8
*8& *
4 88
- 4 8 5*
. tm
85*
88
85*
m
8*
8“
85*
88
85*
88
85*
88
85*
88
85
87*
9 5*
88
The market was steadier at the close yesterday,
with nominal rates 4 85 to 4 854 for 60-day and 4 874
to 4 88 for sight. Bates for actual business were 4 844
to 4 844 for long, 4 864 to 4 86} for short, 4 87 to
4 87} for cable transfers, 4 834 to 4 83} for prime and
4 83 to 4 83} for documentary commercial bills. The
following shows the foreign trade movement for No
vember and preceding months, prepared from figures
furnished by the Bureau of Statistics.
Fo b b i m T a in s .VtovsMRsrr of tii * OsrrsD Stxtb *.
lo the follutrlm- tnble three cipher* <000) ere lo nU case• omitted.
Excess.
$
-40,415
191.275 222,003 -38.338
2 14 ,m 168.131 + 4 6 ,SOI
51,7*1 +35.S*«
S7.W0
91,641
49,256 +43.385
Jterchan-
Exports.
t
JtD-Mar...
Apr.-Jnae..
JniT-Sopt...
Oetober......
Horember..
1 9 4 .m
T otal-...
Gold,
Jan.-Mar...
Xpr^Jone..
Jolf-Sept-.
October-....
Horamber..
7 & * jm
......
S liver.
Jao.-Mar...
Jtpr.-Jtme..
I ttiy-Sepc..
Oetober ...
Koretnber.
Total......
Imports.
«
Exports.
Imports.
$
»
388,*o* ‘114,673
210.547 217,054
180,157 3 0 1,878
87,881
73,000
97,703
07,690
Excess.
8
+53.033
-0,507
-18.221
+15,861
+30,004
+56.502
850.874
34,048
3S.775
a.s«o
611
323
8,137 +*36,706
3.533 +35.55*
34,201 -51,841
-1*071
i .m
4,472
-4.143
13,083
38,505
•30,461
iU
1.132
77*118
72,018
+5,102
03,653
15*910
+47,71*
1 0,137
fMH
I3.s*a
z .m
*3.103
5,308
4,264
5.434
1,118
017
+4,859
+5,150
+8.434
+3,041
+1,188
3,808
4.808
5,680
3.495
2.721
+4.01
+3,07
+ 3.48,
+13
+1,179
1 7,311
+ ‘21.040
7.310
7.474
9,068
3.508
3.000
.11,2*0
19,903
+11,884
7JOJ5Q
3& 981
+ I i « h o f export*.
775301
+75,070
+0,60 0
0.463
1,672 +36,933
2.180 +18,261
-2,634
3,118
—1,433
2 ,677
We subjoin the totals for merchandise, gold and
silver for the eleven months for six years.
1B93.
1 86 3 .
1891
1890
1889.
1£88
1
782.652
850.871
850.574
759.051
730*55'5
000,003
f
726.350
7 75,801
758373
702.596
710,624
004.877
* Kxeeu of import*.
(Join.
8II.VBB.
Excess
Ex
Im» Exes**
Im
of Ex
of
port*. Export* ports. ports.
port$
*
1
i
56,202 77,118 73,018
75.070:63.062 15.810
91,701 78,8-M 3S.051
*3.744 33.481 1 1.107
19,681 50.021 10.700
'16.801 1 0.054
Some comments upon these figures will be found in
another article.
We give in a subsequent portion of this issue our
review of railroad net earnings for the month of Octo
ber, and it shows that in the aggregate the reduction
in expenses in that month was greater than the loss in
gross earnings, thus giving a small gain in net—-a sig
nificant and a noteworthy circumstance. The character
of the returns of gross earnings, however, for current
weeks, d> es not improve. Our latest compilation
covers the second week of December, and for this
period there is a decrease of 11 •41 per cent, which ap
pears the more striking since comparison is with a week
last year when the increase was only 1-71 per cent.
For the first week of December our completed
statement indicates a decrease of 13-06 per cent, this
coming after an increase last year of 5-10 per cent.
These weekly compilations do not include the returns
of any of the principal trunk lines like the New York
Central, the Erie or the Lake Shore, but they do in
clude some of the less prominent lines and also a
number of roads in the Middle Western States which,
are affected by trunk line conditions, and all these we
may suppose have had their earnings reduced by the
cuts in East-bound rates. To the extent that this has
been au influence in the returns, it is gratifying to
know there will be a change for the better with the
new year. For though the slashing of rates is still
going on and with almost unabated vigor, the
contracts arc made to run only to the end of
the year. A meeting of the members of the Trunk
Lins and Central Traffic associations was held on
Thursday, and an agreement reached to restore rates on
January I to the basis prevailing before the present
cutting began. There seems to have been perfect ac
cord, and the agreement was adopted by a unani
mous vote, which strengthens the belief that the com
pact will be observed in good faith.
There have been reports latterly that anthracite coal
prices were being shaded. From the statement of pro
duction and stocks for the month of November, issued
this week, there would appear to be little reason for
such a coarse, as this statement shows that the anthra
cite coal trade, almost alone among our industries,
is doing better than a year ago. In the first
place it is found that the amount of coal mined was
larger, having been 3,905,487 tons for November 1893,
against only 3,769,710 tons for November 1893, and in
the second place we see that in the face of this larger
output stocks of coal at tide-water shipping points were
slightly diminished, standing at the close of the month
at 721,164 tons, against 735,566 tons on October 31 and
732,453 tons on November 30 last year. The following
table, prepared in our usual way, indicates the amount
of coal apparently disposed of in the present and the
two previous years.
November.
— Excess of Import*.
MBRCKAinoia*.
]
Hf'C'b't'A
Mm . Exports. Import*. “
Ez_
. ports.
Export*
1061
%
•
*
1
5.X02 38.081 17.841 21,640
47,742 31,266 19.908 11,86*
39.881 24.8 >8 10.112 R746
9,234 23,705 20,641 3364
39,921 30,878 17,668 10,810
10,7*7 20,181 1 3.981 12,900
January 1 to November 30.
Anthracite Coal.
1892.
1891.
1893.
1892.
1801.
1898.
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
Stock beginning.,
754,432 535,652
725,566 680.563 635,446 657,868
of period ......
3,905,487 3,769,710 4,127,567 39,653,131 38,297,239 36,860,364
Production.......
Total supply.. 4,631,053 4,450,273 4,703,003 40,310.999 39,051,671 37,390,016
721,134 732,453 687,848
732,453 637,846
8+k end of period 721,164
Diaposed of.... 3,900,889 3,717,820 4,125,157 39,589,835 88,319,218 36,758,170
Assuming that stocks at interior storage points, re
garding which we possess no information, have remained
unchanged, the foregoing shows that 3,909,889 tons
were disposed of in November 1893, against 3,717,820
tons in November 1892, 4,125,157 tons in November
THE
1062
CHRONICLE.
1891 and 3,525,506 tons in November 1890. For the
year to date the results are still more striking, the ap
parent consumption being 39,589,835 tons against
38,319,218 tons last year, 36,758,170 tons in 1891 and
33,207,594 tons in 1890. With regard to the propor
tion of the product Supplied by the different regions,
the same feature is observable in the present return
that has been noted in many of the previous returns.
While in the aggregate 135,776 tons more coal were
mined in November this year than in November
last year, in the amount coming from the S uylkill
region there was a decrease of 23,916 tons, a..d in the
amount from the Lehigh region a decrease of 18,832
tons, the whole of the increase, and more, having been
supplied by the Wyoming region, where the output
was 178,524 tons in excess of a year ago. For the
eleven months to November 30 the Schuylkill region
records a decrease of 239,049 tons, the Lehigh region
an increase of 533,287 tons and the Wyoming region
an increase of 1,061,654 tons.
The following statement, made up from returns col
lected by us, show the week’ s receipts and shipments
o f currency and gold by the New York banks.
Week Ending Dec. 22,1893.
Received by Shipped by
Net Interior
N, T. Banks. N. Y. Banks• Movement.
Gold____ _______________________
$7,124,000 $3,505,000 Gain $3,619,000
892,000
600,000 Gain. 292,000
Total gold and legal tenders—
$8 016.000 $4,105,000 Gain.$3.911,000
With Sub-Treasury operations
follow s.
Into
Banks.
Week ending Dec. 22, 1893.
the result is as
Out of
Banks.
Net Change in
Bank Holdings.
Banks’ interior movement, as above $8,016,000 $4,105,000 Gain. $3,911,000
15,700,000 15,200,000 Gain. 500,000
Total gold and legal tenders...... $23 716,000 $19,305,000 Gain $4,411,000
The following table indicates the amount of bullion
in the principal European banks.
Bank of
December 21, 1898.
Gold.
Xngland........
Prance..........
Germany* —
Aust.-Hung’y
Netherlands..
Nat-Belgium*
Spain.............
Silver.
Total.
£
£
£
25,001,479
25,001,479
50.746,628
119,277,391
68.630,703
31,812,750 10,604,250 42.417.000
10,199 000 16.095,000 20 294.000
3 583,000 6 966,000 10.548.000
2.894.000 1.447.000 4,341.000
7.918.000 6.935.000 14.853.000
December 22,1892.
Gold.
Silver.
£
£
24,506,021
68,178,806 51,029,011
32.697,750 10.899,250
10,555,oOO 16 821,000
8,170.00( 7 039,00(
3,005,333 1,532,667
7.611,000 5,260,000
lotal.
£
24,509,024
119,208 420
43.697.000
27,376,00(
10,259.0' 0
4,598,' 00
12.871.000
Tot. this week 149,938.992 92.792,878 242.781870 149,846,013 92 631.531 212.478.444
Tot. nrev. w’k 150.460 037 92.661.211 248,121.248 149.945,356 92 475,129 242,420.485
* The division (between gold and silver) given in our table of coin
and bullion in the Bank of Germany and the Bank of Belgium is made
from the best estimate we are able to obtain; in neither case is it
claimed to be accurate, as those banks make no distinction in their
weekly returns, merely reporting the gold and silver, but we believe
ike division we make
a <?fose approximation.
N ote .—We receive the foregoing results weekly by cable, and while
not all of the date given at the head of the column, they are the re
turns issued nearest to that date—that is, the latest reported figures’]
SECRETARY CARLISLE’ S R E PO R T AND
GOVERNMENT FINANCES.
Secretary Carlisle’s annual report was sent to Con
gress Wednesday. Wide interest and some anxiety has
been felt to learn what would be the character of the
recommendations made for meeting the more immediate
financial difficulties of the Government. On these
points the Secretary’s views are clearly stated, and his
proposals will command general approval. The needs
and situation of the Treasury are forcibly presented.
It appears that during the first five mouths of the
present fiscal year the expenditures of the Government
have exceeded its receipts in the amount of $29,918,©95 66. As a result, on the first of December, after
[ vol.
Lvn,
deducting the gold reserve, the bank note 5 per cent
redemption fund, disbursing officers’ balances, etc., hut
including $12,347,517 80 subsidiary silver and minor
coins, the entire balance remaining was only $11,038,448 25. No one can feel that such a situation as this
is desirable or can wish it to be prolonged. Yet the
Secretary sees no hope of its correction through larger
revenue receipts under present laws, and of course new
laws for additional revenue cannot be made available
for supplying the deficiency during the current fiscal
year.
Under such circumstances there is but one resort and
that is to a bond issue, and hence that subject very
naturally becomes the first matter treated in this docu
ment. The proposal of the Secretary is an amendment
of the resumption act authorizingtho issue of 200 million
dollars of short date and low interest bonds to he used
from time to time as may be required for the purposes
mentioned in the original act and in addition thereto for
the supply of any deficiencies in the public revenue
during the fiscal years of 1894 and 1895. He suggests
that the Secretary be empowered to issue these new
bonds in amounts of $25 and its multiples on the assump
tion that in that form they could he readily disposed
of through the sub-treasuries and post-offices. Mr
Carlisle’ s belief is that such a loan would be popular
and successful— that the bonds could be floated
without the intervention of banks or other financial
institutions and without the payment of commissions.
Should, however, Congress not consider it advisable to
authorize the use of any portion of these bonds for the
purpose of supplying deficiencies in the revenue, the
Secretary further recommends that he also be em
powered to execute obligations of the Government not
exceeding 50 millions of dollars, bearing interest not
greater than 3 per cent, and payable after one year from
date, and to use them to pay at par in the discharge of
public expenses to such creditors as may be willing to
receive them.
Such in brief are the main features of the securities
which the Secretary requests Congress to authorize.
One of the uses they are to be put to has already been
stated. That is to say, they are to meet the deficiencies
in the revenue during the current and succeeding fiscal
years.
And why should not these deficiencies be
funded ? They are the results of the enlarged pension
engagements, and there seems to be no justice in com
pelling the present generation to meet them by burden
ing itself with new taxes. Consider for a moment
what a wonderful work has been done in the matter of
discharging the debt which the late war entailed. On
the 31st of August, 1865, the Government debt less cash
in the Treasury was $2,756,431,571. That was the date
when the aggregate was largest, and it is worth while
now and then to look at these figures. On the 29th of
November 1893, the date of the last debt statement,
the total less cash in the Treasury, that is the similar
total, was reported at $866,368,699 25. We thus see
that approximately two thousand million dollars have
been paid off in a single generation. But a great
change has at length occurred; unexpectedly we
wake up to a realization of the fact that, when the
Treasury surplus was large, in a fit of generosity,
or in some other state or condition of mind, we agreed
to give away annually to those who fought the battles
for the perservation of the country more than the
taxes bring in. Under such circumstances is it too
much to ask a future generation to take a share in
carrying this latest burden ?
1
December 23, 1893.]
THE CHRONICLE.
B at there is another and very important purp >se for
which Mr. Carlisle desires the authorization of new
bonds. He wisely says that the necessity for the exten
sion of the power of the Secretary to procure
and maintain a larger reserve against the Government
issues of currency must be evident to every one who
has given the subject serious thought.
A t the date of
resumption 100 million dollars was thought to be
needed to support the $346,681,016 of greenbacks.
Since then there have been added to the Government
currency $153,318,324 of notes under the 1890 law
and $334,138,504 silver certificates issued on silver
dollar’s, making the total of Government money (without
including the silver dollars in excess of the outstanding
certificates) $834,137,744, all of which the Treasury is
required to keep at par with gold, in place of the
$346,681,016, the amount outstanding when re
sumption of specie payments was entered upon. It
hardly needs to be said that under such circumstances
the Government reserve should not only be at once
restored to its old figure but that it should he increased
beyond the old requirement.
T o nse the Secretary 's
own words, “ it is necessary not only that he should be
clothed with full authority to procure and maintain an
ample reserve in coin, but that the purposes for which
such reserve is to be held and used should be made as
comprehensive as the duty imposed upon him by the
law.”
That, as we view it, is the most timely and needful
suggestion in Mr. Carlisle's excellent report.
We
speak thna decidedly because so much of industrial
activity in this country depends not only upon feeling
assured ourselves, but in making and keeping the out
side world assured, of the continued convertibility into
gold of the vast amount of Government cnrreney which
has been p at afloat. What folly it is to talk, as some
do, about the United States being independent of
foreign opinion and not needing foreign capital. Im
agine what would be the effect of the withdrawal of the
millions upon millions of European money to-day still
invested in this cou n try! That thought is appalling
to almost any individual. Y et of much the same
character, though differing in degree, is a condi
tion which disturbs confidence by imparting to
such capital a tendency to withdraw itself, or
even a state that acts so as to interrupt the ordinary
inflow. Says Mr. Carlisle: “ So long as the Govern
ment continues the unwise policy of keeping its own
notes outstanding to circulate as currency * * it will
he, in toy opinion, essential for the Secretary of the
Treasury to possess the means or to have the clear,
undoubted authority to secure the means * * to
meet such emergencies as the one which has recently
occurred in our financial affairs.” This course of
maintaining a large coin reserve, he adds, “ cannot be
safely avoided, unless the Government abandons the
policy of issuing its own notes for circulation and lim
its the functions of the Treasury Department to the
collection aod d shursement of the public revenues for
purely public purposes and the performance of such
other administrative duties as may be appropriate to
the character of its organization a3 a branch of the
executive authority.”
These last thoughts of the Secretary bring up the
whole subject of currency reform. It is obvious that
Mr. Carlisle thinks, and we believe all who without
prejudice will earnestly study the ctarrency question will
in the end conclude, that the first step in the formation
of » new system must be to provide for ridding ourselves
1068
of every one of the nine different devices we now have inuse. Congress removed the dominating cause of dis
turbance when the purchasing clause of the 1890 silver
statute was repealed. But it was our misfortune that
the act left a hodge-podge of currency laws and of cur
rency devices the like of which no nation in any part
of the earth ever before possessed. And to-day all
these kinds of paper remain an obstruction and an em
barrassment to business, preventing a full return
of confidence, while the Treasury limps along with
its little
handful of
gold, depending
wholly
upon the sufferance of the banks for continued sol
vency. Surely, in the light of such facts and condi
tions, no one will he surprised at the Secretary’ s con
clusion “ that it is the duty of all who have the power
to influence the coarse of events or to assist by legisla
tion or otherwise in the solution of the grave questions
presented by the altered condition of our monetary sys
tem, to carefully consider the whole subject in all its
aspects, in order that it may be permanently disposed
of by the adoption of a simple and comprehensive system
which will, as far as possible, relieve the Government
from the onerous obligations now resting upon it, and
at the same time secure for the use of the people a cur
rency uniform in value and adequate in amount.”
There is another matter that Mr. Carlisle has tacked
on to his remarks with reference to the currency which
struck us at first as being a stray leaf out of another
treatise. A second reading, however, indicates that
the paragraph is historical merely, and must be con
strued in the light of the principles M . Carlisle has so
clearly developed previously. Our criticism relates towhat is said in the report as to having put the mints in
readiness to coin the “ seignorage,” &c. It will be
found on examination that these statements contain
nothing of opinion except what is said to have been
the opinion of a previous administration. We prefer
to leave the subject without comment, as we have so
recently given our views concerning “'seignorage” at
considerable length ; we will add, however, that there
is no power either Congressional or executive that can
honestly direct the coinage of that bullion deposited
under the 1890 law or can utilize the seignorage in the
way suggested, or can authorize the issue of silver cer
tificates on the dollars if coined.
GOLD EXPORTS NOT L IK E L Y TO BE
LARGE.
The November trade figures have been issued this
week by Mr. Ford of the Bureau of Statistics. They
give striking emphasis to what we wrote a week ago
about the inelasticity of our currency and the gold ex
ports which that condition was causing; while they
also afford a fair promise that the gold exports may
stop before long and foreign exchango decline. It will:
be remembered we stated last Saturday that our for
eign merchandise balance might during later months
become large enough to force a change in sterling rates,,
notwithstanding the accumulations of irredeemable
currency were making and keeping interest so low now
as to drive capital from us. That change becomes pos
sible only because of the continuance of dull trade, a con
dition of business which the exports of gold and conse
quently the inelastic currency help to prolong. There
are features of the November figures issued by the
Bureau of Statistics which encourage this surmise.
We have said that dull trade has hitherto been the
controlling influence which has kept our merchandise-
THE
1064
CHRONICLE,
balance bo largely in our favor. Notice for instance
the November figures, those last reported. The excess
of merchandise exports over imports for that month
was $42,384,787 this year against $30,004,784 last year,
although the exports were actually less than in 1892,
being only $91,640,909 against $97,703,824, a loss in
1893 of $6,062,915. Looking at the import figures one
will discover the explanation of the month’s result;
the total imports in November 1893 were only $49,256,152 against $67,699,040 in November 1892, or a dif
ference of $18,442,888—a decrease this year which
accounts for the increased favorable balance (over 12^
million dollars larger) in November 1893 over
November 1892, in face of 6 million dollars smaller
merchandise exports. We give below a little summary
o f these results for the two years, although in our pre
vious article will be found the complete statement.
1893.
4 months,
Merchandise.
July-Oct.
Exports............... ......... $302,513,114
Imports..........................
219,896,387
Net exports.............
1 month.
November.
$91,040,909
49,256,152
Total.
5 months.
$394,154,023
269,152,539
$82,616,727
$42,384,757
$125,001,484
1892.
Exports........................... $274,018,065
Imports........................... 276,378,018
$97,703,824
67,699,040
$371,721,889
314,077,058
$30,001,784
$27,644,831
Net exports..............
*$2,359,953
* Net imports.
This feature of small imports is quite important in
forecasting gold exports during coming months. Some
of our foreign bankers appear to think that the gold
outflow will be uninterrupted, and that during the
first half of 1894 the movement will be large
because, as they say, our cotton has now mostly gone
forward and our foreign trade will include nothing
to make good the ordinary deficiency.
But is it
not possible that this contracted character of the
imports is in some measure overlooked, and that
in estimating the future trade balance sufficient
allowance is not made for a smaller aggregate of the
items making up that side of the account ? Hitherto
thegeneial trade depression has dominated, but for the
next five months the proposed tariff changes ought also
to be added to the influences restricting imports. Even
up to this date, observe what a loss has occurred in that
item since the fiscal year opened. The abive state
ment tells us that the total imports since July 1, 1893,
have been only $269,152,539 against $344,077,058 for
the same five months of 1892. I f we accept as correct
the general opinion prevailing that trade is to con
tinue without much expansion until spring, and to
that add the restraining influence on purchases of foreign
merchandise which will presumptively result from the
prospective reducticuvn Customs duties, it would seem
reasonable to anticipate a material loss in imports dur
ing the remainder of the fiscal year.
Then, again, as the general habit is to take as a basis
for judgment the previous year’s movement, it is need
ful to remember that the merchandise imports the first
half of 1893 were very large; and hence if they are ab
normally small during the next six months, the com
parison will be an extreme one between an abnormally
small and an abnormally full total. The growth in
imports has been a conspicuous feature in our trade for
late years, and the present is the first set-back imports
■have received since 1885. In estimating then the gold
outflow for the last half of this fiscal year, the differences
referred to must be kept in mind. They tell plainly
enough that the trade statement and other conditions
affecting the gold movement of last year have not
a factor in common with this year and afford no basis
whatever for forecasting this year’s results.
[V ol. LiVII.
THE STATEMENTS OF THE V AN D ER BILT
ROADS.
The dividends of the Vanderbilt roads were not
changed at the meetings this week, and the returns
submitted sho w surprisingly little alteration from last
year as regards net results. The statements neverthe
less contain some striking and interesting features.
This remark applies particularly to the Like Shore
road, where we find that though net earnings for the
twelve months differ only $12,576 from the total for
1892, in the gross earnings there has been an increase
of over 1£ million dollars ($1,271,136), practically the
whole of which was consumed by augmented expenses.
The present figures are of course merely preliminary, the
results for December being estimated, and hence there
are no details and we cannot tell to what extent the do
minions increase in gross receipts has come from pas
senger revenues and to what extent from freight reve
nues. As it is known, however, that the road did a
large business in the transportation of passengers to the
Pair, it is safe to assume that a considerable portion of
the increase came from the passenger department.
With reference to the augmentation in expenses, that
is a feature noted in previous years, but it possesses
added significance this time. The Lake Shore has for
many years been steadily and decidedly enlarging its
gross revenues, while net earnings have fluctuated
scarcely at all, owing to the continued expansion in the
expense accounts. The record is shown in the follow
ing, covering the entire period of the company’s his
tory. We would especially direct attention to the re
sults for the last six years.
L A K E SH O R E & M ICH IG AN SO U T H E R N ’ S INCOM E.
Years.
Gross
Earnings.
Operating
Net
Expenses
Earnings.
and Taxes.
*
1870............. 13,509,230
1871............. 14,898,449
1872............. 17,099,935
1873............. 19,414,509
1874............ 17,140,131
1875............. 14,434,199
1870............. 13,949,177
1877............. 13,505,159
1878............. 13,979,700
1879............. 15,271,492
1880............. 18,749,401
1881............. 17,971,391
1882............. 18,225,039
1883............. 18,513,050
1884............. 14,843,584
1885............. 14,133,500
1880............. 15,859,455
1887............. 18,710,903
1888............. 18,029,027
1889............. 19,487,190
1890............ 20,805,700
1891............. 21,431,387
1892............. 22,415,383
23,080,519
1893*.
* Partly estimated.
8,308,821
9,779,800
11,839,520
13,740,598
11,152,371
10,531,501
9,574,830
8,903,900
8,480,001
8,934,524
10,418,105
11,278,429
11,057,807
11,001,854
9,133,522
9,287,537
9,731,022
11,029,798
11,310,371
12,847,451
14,220,481
14,032,070
15,803,190
17,001,750
*
5,140,415
5,118,043
5,800,409
5,007,911
5,993,700
3,902,098
4,374,341
4,541,193
5,493,105
0,330,908
8,331,350
0,092,902
7,107,832
7,511,802
5,710,002
4,845,909
0,127,833
7,081,105
0,719,250
0,039,745
0,015,279
0,798,711
6.012,193
6,fl24,769
Fixed
Charges.
Dividends per S hare
o f $100.
Earned.
*
1,828,897
2,121,164
2,201,459
2,654,560
3,008,193
2,810,294
2,759,989
2,775,657
2,718,792
2,754,988
2,750,374
2,725,375
3,027,000
3,498,806
3,720,670
3,867,456
3,712,978
3,649,645
3,608,391
3,423,409
3,344,735
3,859,251
3,375,304
3,370,000
$
9 60
8 37
8 55
6 10
6 04
2 20
3 20
3 67
5 61
7 24
11 28
8 02
8 37
8 11
4 02
1 98
4 88
8 15
6 29
6 50
6 67
6 95
6 54
6 58
P a id .
t
8 00
8 00
8 00
4 00
3 25
2 00
3 25
2 00
4 00
6 50
8 00
8 00
8 00
8 00
5 00
2 00
4 00
5 00
5 00
0 00
6 00
6 00
0 00
Here we observe remarkable regularity in the net
earnings during all the more recent years, the total of
the net for 1893 at $6,624,769 comparing with
$6,612,193 for 1892, $6,798,711 for 1891, $6,645,279
for 1890, $6,639,745 for 1889 and $6,719,256 for 1888.
How different is the showing as to gross receipts. In
that case there has been an increase on the average of
over a million dollars a year, and the total at $23,686,519 for 1893 compares with only $18,029,627 for 1838.
It appears, then, that large though the improvement in
gross receipts has been the additions to expenses have
more than kept pace with it, and in the late year
the ratio of expenses to earnings was 72’03 per
cent,
the highest
for eighteen
years past.
Somewhat similar results have been noted from time
to time in the case of other roads, and the experience
THE CHRONICLE
D ecember 23, 1893. J
of the L ik e Shore would thus appear to hare been
like that of these roads, only perhaps a little more pro
nounced. The Lake Shore has certainly not been
exempt from the general causes operating on all roads—
causes which hare decreased rates while increasing
expenses, and consequently narrowed g reatly the mar
gin of profit. B at there has also been a very import
ant special cause in the L ike Shore case tending- to
keep down the total of the net earnings. We refer to
the heavy outlays for betterments and additions to
property which with ordinary roads are charged to
capital account, but which with the Lake Shore have
been charged to expenses and paid for out of earnings.
In the current year the L ik e Shore excelie 1 itself in
these contributions out of income for additions and
betterments. The return contains the usual announce
ment that nothing his been chari; ed to construction or
equipment since 1883, and also makes the statement that
^expenses for 1893 include all* expenditures for equip
ment brought forward from 1892, and about $1,100,000
expended for renewals and additions to equipment and
betterments to road this year.” Probably the signifi
cance of the first part of this statement will be over
looked. The company in 1892 bought a large extra
amount of equipment to provide for the increase of
traffic from the Fair, and carried the cost of the same
in an open account, with the intention of closing it
out from earnings in the current year.
This it
appears has now been done.
The amount was
very large, reaching $2,333,173, but it has all
been charged to the 1893 expenses.
A dding
the $1,100,000 spent for additions in the cu r
rent year, we find that the expense accounts in
1893 include over 3^ million dollars altogether for
such outlays. Eve* after providing for these outlays
the company earned 6-58 per cent for the stock ;
with these outlays eliminated earnings would have
been equal to over 13 per cent on the stock.
It is evi
dent, therefore, that the property occupies a position
of unusual strength, and that if earnings should fall off
heavily as the result of the existing depression in busi
ness, it would only be necessary to stop this class of
expenditures.
.Great desire exists to know how the company's earn
ings have been comparing in the more recent months.
Reports have been circulated lately that earnings were
falling of! several hundred thousand dollars a month.
The company's return furnishes no information on that
point, but we have been able to compile the results for
the different quarters.
The following shows the earnnings for each of the last two quarters and also for the
two quarters combined.
1065'
revenues— not for one month, but for three months.
In net the loss for the three months is aboqfc
$255,000.
W ith reference to the Michigan Central, the changes
for the year are small in both gross and net— 1167,000
increase in gross, and $77,000 increase in net. W e note
the same announcement as in the Lake Shore ease,,
that “ all expenditures for improvements and better
ments to the property have been charged to operating
expenses,” and that “ no charge has been made to con
struction account during the year.” Under the re
arrangement of the Canada Southern rental, that road
received $473,000 in 1893 against only $381,000 in
189.3, enabling it to pay the 3 per cent dividends in fu ll
out of earnings and carry forward a small surplus, b u t
notwithstanding this larger payment to the Canada
Southern 6*93 per cent was earned on Michigan
Central stock, against 6-00 per cent in 1893 ; the stock,
received 54 per cent in both years.
COMBINED BARN-Isres OP MlCHtftAN CENTRAL AND CANADA SOUTHERN.
Yenm.
1878...............................
1870........ ................. ..
188.).................................
1881..........................
1 8 8 2 ............... ........... .
1883........... .....................
1884........................ .
1883...........................
1880 .............................
1 887...............................
1888 . . . . . . . . .................
1880............................
1800................................
1891,. ......................
1 89 2 ......... ........ .
ISM -...............................
Operating
Gross
Net.
Earnings. Expenses Earnings,
and Taxes.
Interest
and
Rentals.
t
9,472,631
20,410,793
22,701,128
12,3* 3,591
12,157,991
14,000,707
31,859,077
10.707,394
12.295,828
14,104,400
13,770,528
13,786.925
24,490,712
15,102,900
15.908,293
10,075,000
$
2,003,297
2,013,155
1,994,210
2,371,551
2,-180,602
2,433,416
2,688,602
2,660,753
2,576,085
2,535,930
2,52-1,092
2,513,627
2,454,332
2,439,287
2,401,363
2,401,000
?
6,437,497
7,147,083
8,215,0!>a
9.404,443
0,218,900
9,741,639
8,950,182
8,014,603
8,104,670
9,875,248
XO.i 84,808
0,805,168
10,231,754
11,107,509
12.046,095
12,136,000
*
8,035,134
3,203,112
4,570,336
2,899,148
3,189,085
4,268,128
2,699,925
2,092,791
3,891,148
4,289,244
3,683,917
3,891,767
8,758,958
4,055,391
3,862,198
3,939,000
Balance,
*
1,031,837
1,249,957
2,582,126
527,597
708,488
1,834,712
61,343
26,038
1,314,164
1,753.314
1,102,825
1,379,24a
1,304,026
1,616,104
1,457,835
1,538,000
• Partly estimated.
We have also had this week the statement of the
New York Central for the quarter ending December
31— partly estimated of course.
It shows gross o f
$11,834,000 against $12,199,385 in the corresponding
period last year, and net of $3,771,000 against $3,881,730. The loss in gross for December is estimated at
$360,000. This is on the whole a good showing, con
sidering the very heavy losses reported by some other
systems. Charges for the quarter were heavier than last
year, and hence the surplus above the 1£ per cent divi
dend is only $68,100 the present year against $307,970
last year. For the six months to December 31, how-'
ever, there is a surplus above the two quarterly divi
dends of $264,300 agaimt $349,971.
W H O LESALE P R IC E S A N D
L IV IN G .
THE
COST
OF
A r t ic l e I.
The Senate Committee on Finance of the last
Congress
prosecuted the most extensive inquiry into
Quarter ending Sept. 30 1
*
*
*
i
Gram earnings. . . . . . . . . . 6,0*1,570 5.627,855 5,880,338 5,205.073 5,161,010
retail
and
wholesale prices during a series of years
3,003,132 4,006.898 3,489.163 3,056,997
Operating expanse**..... 4,30l,\U
that
has
ever
been undertaken in this country.
The
1,873,602
1,775,910 2,104,913
Net- earning*.,. . . . . . . . 1,763,145 1,784,123
QwiarUr mding Dec.B1report on retail prices was issued last year.
That
Oross earning*.. . . . . — .., 6,805,360 6,109.472 6,000,941 5,670,837 6,495,580
Operating expenses*... .. 4,070 046 4,129,086 3,752,591 3,525,867 3,591.310 upon wholesale prices was so far completed that the
1,725,714 1,980,386 2,218.350 2,150,080 1,901,274 general results were made public just before the close
Net earnings....... .
Ifatf-year ending Bet. 31
of the session in March last. The fall report, in fo u r
Gmm earnings. . . . . . ,. 11,860,030 11,736,727 11,881,330 10,941,910 10,057,500
Operating expenses*..,. . 8,381,080 8.032,218 7,759,487 7,015,020 6.048,318 volumes, has been issued from the Government Print
Net e&rataz’s.
3,488,850 3,704,500 4,121,852 3,026,890 4,009,187 ing Office, and forms a mine of information from which
*Not Including taxes.
statisticians will draw for many years to come. More
The foregoing makes it evident that the gain in gross than that, the results furnish a foundation upon which
It
earnings occurred almost wholly in the first half of the a great structure of price quotations may be built.
year. In the second half the September quarter shows is open to question if the facts already obtained and
a gain of $137,000, while the December quarter indi set forth in these volumes are sufficient to be the basis,
cates a loss of about $304,000. Thi3 latter, then, is the or even to furnish a confirmation, of any general
company's estimate of the probable falling off in gross theories. But when the inquiry has been extended
LAKE SHORE.
-185*3.
1892.
1801.
1890.
1839.
1066
THE
CHRONICLE.
and broadened, as it is certain to be, deductions may be
drawn with considerable confidence.
The inquiry of the Finance Committee covered
wages and price of transportation for a series of years,
as well as the prices of commodities entering into the
•cost of living. We have on a previous occasion re
ferred to some of the changes in transportation rates.
In the present articles we shall limit our summary to
the history of wholesale prices, and to remarks upon
the facts ascertained. Some fifty years ago the Treas
ury Department printed in one of it3 reports tables of
the prices of certain staple articles for a considerable
number of years. It has been the purpose of the Fi
nance Committee, so far as possible, to continue these
quotations and to add others as new articles of con
sumption have become standard. Thus the number of
commodities for which prices are given for the full
term of fifty years (since 1849) is 85. Those, including
the smaller number, for which the prices are given
since 1860, are 223. And the number constantly in
creases to about 500, though in many cases the quo
tations are for only a year or two.
The credit to be given to compilations of tkfo 3ort
depends primarily, in equal degree, upon the honesty
with which the articles to be quoted are selected and
upon the trustworthiness of the prices themselves. As
t» thu first requirement, it will be found, we believe,
that the committee procured substantially all the
questions that were available. In fact, it is not easy
to tnink of any commodity of importance which i3
capable of quotation (having remained of unchanged
quality during the period under review) that has been
omitted from the list. Nor can we criticise the sources
of information, which are specified in each case. Pos
sibly better sources might have been found, but all
those mentioned are certainly authentic. We may not
he able to follow the Committee, or the Statistician of
the Committee, Prof. Roland P. Falkaer, in all their
conclusions. But their figures seem to be trustworthy
so far as they go, and to be as full a3 circumstances
permitted.
With these preliminaries we give the summary of
facts ascertained by a comparison of all the quotations
obtained.
Taking a simple average of the 85 articles
reported since 1840, the prices in 1891 were 96-3 per
cent of those of 1840. A similar simple average of the
223 articles reported for the period from 1860 ontvard
shows an average of 92‘2 per cent as compared with
1860. This method of ascertaining the c curse of prices
i$, however, almost valueless, and is not relied upon by
the Committee. Why it is so may be easily seen from
the fact that in such a computation of averages each of
25 different varieties of pocket knives is given as much
weight as is given to Hour or beef or pig iron.
Accordingly au effort is made to assign to each arti
cle its due importance as a part of the cost of living.
For this purpose use is made of the consolidation of the
budgets of 2,561 normal families, collected by the B u
reau of Statistics of Labor, .and employed in the Com
mittee’s former report on retail prices. The number
c f parts in 10,000, which is the prop >rtion of each class
o f expenditure, 13 termed the ‘ ‘ relative importance” of
that class. The averaged price of article-! in that clas>
in 1891, as compared with 1860, is the “ index.” The
method of woiking out the problem will be seen f om
the following table which we copy— with a correc ion
o f some typographical errors, and the insertion of the
number of articles on which the figures are based in
•ach instance—from the report. (Vol. I, p. 9).
R E L A T IV E T R IC E S
[V o l . LTVII.
OK A L L A R T IC L E S ,
1891,
AS C O M P A R E D W IT H
1860,
M E A SU R E D B Y CO N SU M PTIO N .
lVo. of
Group.
articles.
R e n t................................................
Food .....................................
53
F uel.......................................
8
2
L ighting...............................
Clothing.................................
23
All other purposes.............. 132
T otal...............................
223
Importance,
1,506
4,103
500
90
1,531
2,270
10,000
Index.
lOOO
103-7
98 1
48’ 1
75-9
95*3
96-2
Result.
150,600-0
425,48 L I
49,050*0
4,329 0
116,202-9
216,409’6
962,072 6
As there is manifestly no way of establishing the
course of rents, the Committee assumes, arbitrarily,
that it has remained unchanged. It is needless to say
that the 132 articles quoted under “ all other purposes”
embrace but a very small proportion of those purposes.
As for taxes, charity, insurance, amusements, liquor,
tobacco, books, and numerous other expenditures, since
no standard can be fixed, the Committee took 100 for
the index of them all.
It may be well to reproduce here the table which,
better than any other in these volumes, indicates the
course of prices during the last fifty years, as ascer
tained by a study of these quotations. The standard is
in all cases the price in 1860. The problem is solved by
three different methods. In the first column the sim
ple average of all articles is shown. In the second the
average of all articles according to their importance,
rent and other expenditures a3 above being regarded
as uniform for the whole period. In the third is shown
the average, according to importance, of those articles
only for which quotations were obtained; but these ac
count for 68*5 per cent of a family’s expenditure. A ll
the prices are in gold, the method adopted for
reducing currency prices from 1862 to 1878 to gold
consisting simply in using the price of gold on the 1st
of January in each year. For the period between 1840
and 1860 we give only the years which show maxima
and minima. Thus there was a decline from 1840 to
1843, then a rise to 1847, and so on. All the years from
1860 onward are given.
CO U R SE O P P R IC E S , IN G O L D — 1340 TO
Year.
1 840.
1843..
1847..
1849 .
L357..
1860..
1861 .
1862 .
1563.
1864..
1865.
1866
1^67.
1868
136 ♦.
1870.
1&71 .
1872.
1873.
1S74.
1875.
1876.
1877.
1878.
1879..
1 -8 0..
1881.
1382..
1 -8 3..
1884..
1885.
1886.
1837.
1888.
1889.
1890.
1891.
1891.
Simple Weighted Average. Weighted Average.
Average.
All Articles. Articles Quoted.
116-8
98*5
97*7
89*3
84-3
101-5
96*7
95 2
106*5
98*7
88*9
83-5
112*5
114*0
104-6
100-0
1000
1000
100 6
95-9
91-1
114-9
100-3
101*6
84-1
91*1
102-4
122*5
96*1
110*7
100*3
882
107-4
114*3
136-3
134*0
127-9
107-9
123-2
115-9
125-6
108*8
113-2
100*2
112-3
117-3
107 5
119*0
122-9
122 9
1127
127*2
112 0
121*4
122*0
106*4
114 5
108*2
116*6
119 4
1C6*5
113-4
114*6
102*4
108*7
104*8
104*4
103*0
107*0
99*9
101*7
103*2
96*6
96 6
95*0
106-9
103*4
104*9
108*4
105*7
105*8
108*5
106*3
109 1
106*0
104*5
106-6
102 6
99*4
101*8
95*4
93-3
93*0
93-4
91 9
95-5
92 6
96 2
94*5
97-4
96 2
94 2
99*0
98*5
94*2
92 3
95*7
93 7
96-2
94*4
92*2
Note .—The differences between the average for “ All Articles” and
the average for - Articles Quoted” for some of the years in this table
appear confusing. The.tw i are supposed to differ only iu that under
*• All \rticles” certain item* like rent are arbitrarily assumed to have
remained unchanged at 10 * through all the years. Consequently
where the average of the “ Quoted A nicies” is below 100, the effect of
ihe. iuolusion of the other articles should be to raise the average of
All Articles” above the average of the “ Quoted Articles.” But in
1863 it will be observed the average of “ All Articles” is less than for
the “ Quoted Articles.’' and similar discrepancies occnr in some of the
other y ears during which gold was at a premium. The reason for this
is That the articles taken at, 100 were taken at 100 in currency, the
method h iviug been adopted of working out the average for “ All
articles” and for “ Quoted Articles” originally on a currenov basis,
and ihen reducing those results to gold. Of course uuder that reduc
tion both the “ Articles Quoted” and those assumed to have been unShinged are alike reduced and changed.
D ecember 23, 1893.J
THE CHRONICLE,
1067
Having thus given the ultimate conclusions of the
October.
January 1 to October 31.
(130 roads.)
(120 roads.)
Committee as to the course of prices, we may proceed
1803.
1892.
180S.
Inc. or Dec.
1892.
Inc orDec.
to the more interesting task of looking at the quota
$
$
*
$
?
1
tions in detail. And in so doing we are simply step Gross earn’s 64,032,923 67.396,829 -3,373,903 502,341,989 573,156,208 —10814219’
Oper. exp... 38,092,075 12,398,194 —3,705,219 334,177,569 388.080,460 -3,902,891
ping upon firmer ground than when we attempt to
Net earn’s 26,329,048 24,998,035 +331,313 178,164,420 166,070,718 -6,911,328
draw final deductions from a mass of figures which,
From the foregoing we see that for the ten months
good as they are, mast be incomplete, and therefore to
to October 31 there has been a loss of $10,814,319 or
a greater or less extent misleading.
1 ’88 per cent in gross earnings, and a loss of $6,911,328
or 3 •73 per cent in net earnings. This is not a had
N E T E A R N IN G S FOR OCTOBER.
showing considering that the period covers four months
Tne statement of railway earnings for October will of extreme depression in business. But of course in
be considered favorable or unfavorable accordingly terest centres mainly on the figures for October. T h e
as one looks at the gross earnings or at the net earn loss there, as already stated, is $3,373,906 in gross, with
ings. In that month the World’s Fair as an influence $331,313 gain in net. The reader will overlook a very
operating to swell railroad traffij and railroad income striking feature of the exhibit if he fails to note what
reached the stage of its greatest importance, since it a great change for the better it marks as compared with
marked the close of the life of the Exposition. But the exhibits for the months immediately preceding, for
notwithstanding the benefits derived in that way, the in September our compilations covering substantially
gross earnings of the roads in our tables record a fall the same roads showed a loss of $6,731,643 in gross
ing off in the sum of over 3| million dollars— $3,373,- earnings and of $3,064,323 in net earnings, and in
906— aud the falling oil seems the more noteworthy August a loss of $8,389,069 in gross and $4,104,067 in
when it is recalled that we are comparing with poor totals net. Reference was made above to the circumstance
last year, there having been not an increase but a that in October last year the showing was rather poor.
decrease then, though only for a small amount— There was in fact a loss in both gross and net the i, as
$32,656. Moreover the falling off now shown would will appear by the following, giving the totals for a
be still heavier if a few roads like the N orthern Pacific number of years past.
and the Missouri Pacific, which are known to havelost
Net E arnings
Gross Earnings.
rear and
heavily, could be included in the returns. But such number
Year
Year
Increase or
Year
Year
Increase ir
Given.
Preced'g. Decrease.
results, though they may disappoint expectations, only of roads. Given. Preceding Decrease.
$
t
1
i
*
*
furnish added testimony to the intensity of the depres October.
1388 ( 80) 47,027,390 45,814,028 +1.713,362 17,717,885 18,320,278
-608,893
sion prevailing in business circles, under which trade 1839 (110) 59.308,353 54,218,292 +5,090,001 24,875,941 21,092,283 +3,783,073
was contracted within very narrow limits, occasioning 1990 (117) 60,100,900 58.271,817 +1,835,14 3 22,9.) ,181 23,242,991 —315,810
1891 (140) 73,005.319 67.20 ',072 +5,84 6,27" 27,934,452 25,212,102 +2,7 d2,350
such a loss of traffic to the carriers that even the gains 1892-(129) 73,399,037 73,481,093 —92,056 27,012,890 28,250.508 —607,613
+381,3 IS
1803 (130, 01,0-2,923 07.390,829 —3,373,900) 25.329,9iS 24,998,635
on account of the Ecposition served as only a partial
j
Jan.1 to
offset; it deserves to be borne in mind, too, that dur
Oct. SI.
353.560,636 +13,380,259 1X7,318,555 ;28,437,050 -11,088,495
ing October the vote of the Senate on the silver hill 1888 ( 73) MtS.953.HJ
IS8B <102. « 7 , (36,015 438.090,6 L4 +29,342,431 160,450,978 133,604,030 +21,846,348
was still in doubt, a fact which necessarily acted a3 a 1890 (110) 181.035,958 147,9^8,718 t-30.lU7.21O 160,302,826 154,133,613 +6,169,213
L85,228,329 173,952,840 1-11.275,489
189l (142) 571,901,853 549.033,499
bar to mercantile activity.
.93,800,520 +4,335,492
1892 (124) 021,519.721 590.709,987 +30.809,737
On the other hand, when we come to the exhibit of 1S»8 <120; 562,341,089 573,150,208 -10314,219 178.164,42' 185,075,718 —6,911,328
net earnings we find results of a favorable and an en
When we come to the returns of the individual roads
couraging character. Here again, however, we merely we find very considerable irregularity in the results.
see reflected existing conditions. The contraction of A great many roads have lost heavily in both gross and
traffic and gross revenues has foroed upon railroad net. Not a few have very substantial gains. And
managers a policy of retrenchment and economy, which this irregularity is natural. It marks the presence o f
they are undertaking to carry out in every department the Fair as a favoring influence, and the contem
and every branch of the service. It is for this reason poraneous presence of business prostration as a
that returns of net earnings are being so carefully depressing influence, and the varying effect exerted
watched, for if gross receipts must decline the question by the one or the other, or by both, upon each
arises how far and to what extent eta compensation be road. Looking at the most conspicuous losses in gross
provided in reduced expanses. It is on that point that earnings our attention is chiefly attracted by the de
the present exhibit throws a great deal of light and crease of $1,477,484 reported by the Pennsylvania
offers much encouragement, as it shows that taking Railroad (Eastern and Western lines combined) and
the railroad system as a whole the reduction in expenses tbe decrease of $1,066,736 reported by the Union.
in the month under review was larger than the loss in Pacific system. These two losses are vastly in excess
gross earnings, so that there is actually a small gain in of those shown by any other roads or systems, but the
the net.
Possibly with the Northern Pacific, and one explanation is not far to seek. T ^6 one reflects the
or two other roads which have done very poorly, in almost complete stoppage of the iron industry in tha
cluded, this gain might be turned into a los3. But East, the other the collapse of industrial activity in
that 13 a matter of no very great consequence, and does the North Pacific Coast States. We are not left in
not qualify the favorable conclusions to be drawn from doubt as to the situation in other sections when wethe results. The fact of chief moment i3 that thus observe the names and location of the roads which in
early, when it has hardly been possible as yet point of loss in gross earnings follow next after theto give full effect to all the measures of economy two mentioned. There is the Louisville & Nashville
determined upon, the saving in expenses suffices to over in the South with $388,600 decrease in gross, the
come, or nearly overcome, the falling off in gross income. Atchison in the Southwest with $333,639 decrease, the;
We present here a summary of the totals for the month Burlington & Quincy in the Northwest with $194,707'
and the ten months, drawn from the more detailed decrease, the Southern Pacific with $161,190 decrease,
statements given farther below in this article.
1 &c. Am ong the roads distinguished for heavy improve-
1068
THE
CHRONICLE.
ment in gross receipts, previous information of
coarse leads us to look for the Illinois Central
at the head of the list, this road having
added $790,233 to the total of its gross in that month.
■Other large gains of course appear small alongside of
this one. However, the Milwaukee & St. Paul has
$205,038 gain, the Chicago & Grand Trunk $280,94=9,
and the Grand Trunk of Canada 1192,075. These
gains are all to be directly attributed to the Pair.
Other gains are for much smaller amounts, and with
two or three exceptions may be explained in the same
way. In the following we show in the first table the
principal changes in gross earnings and in the second
table the principal changes in net earnings.
G R O S S EA R N IN G S IN O C T O B E R .
D ecrea ses.
In c r e a s e s .
Illinois Central.............. $790,233 Chic. Burl. & Quincy... $194,707
161,190
Chic. Milw. & St. Paul..
205,038 South. Pac. (6 roads)...
147,132
Chicago G*. Trunk...
280,949 Denver & Rio Grande..
131,045
Grand Trunk of Can...
192,075 Mexican National.........
120,789
3T. Y . Ont. & Western..
62.361 Phila, & Reading..........
111,038
Canadian Pacific..........
52,058 Northern Central..........
94,606
Burl. C, R. & North . . .
46,424 Clev. Cin. Chic. & St. L.
78,551
I* N, Alb. & Chicago...
42,742 Nashv. Chat. & St. L ...
71,518
San Ant. & A. Pass.......
39.980 Mexican Internat’l .......
Chesapeake
&
Ohio.......
71,118
Chic. Burl. & North . . .
33,547
67,040
Cin.N. O.&T. P. (4r’ds)
32,292 Allegheny Valley..........
59,928
Central of N, J..............
31,325 Kan. C. Ft. S. & Mem...
Lake Erie & West.........
58,875
St.
Paul
&
Duluth........
55,552
Total (representing 15
51,018
roads)........................$1,809,024 Mexican Central..........
Minn. 8t. P. & 8. 8. M ..
48,218
Rio Grande Southern...
40,692
Decreases.
West. N. Y . & Penn.......
37,759
36,474
Pennsylvania! (4 r’ds) .$1,477,484 N. Y. L. E. & Western..
Union Pacific (9roads). 1,066,736
Total (representing 40
Louisville & Nashville.
388,600
roads).........................$4,903,709
Atcb. T. & S. Fe (2 r’ds).
333,639
J’ U U iC IP A L CH AN G ES IN
—The gross on Eastern lines decreased $810,608 and on Western
i nos $6b6„876.
PRINCIPAL CHANGES IN’ N E T BARNINGS I N l O C T O B E R .
D ecreases.
In crea ses.
THinois Central.............. $562,017 tPennsylvauia (4 rds.'..
•Chic. Milw. & St, Paul.
397,549 Union Pacific (9 roads).
Balt & Ohio (2 roads)..
261,142 Louisv. & Nashville—
Chicago•&Gr. Trunk...
205,726 Minn. St. P. & S. S. M ..
O r. Trunk of Canada...
142,173 Canadian Pacific...........
Chic. Burl. & Quincy...
115,194 Northern Central..........
Burl. Ced. K. & North..
112,690 Lake Erie & Western...
Central of Georgia........
103,400 Peoria & Eastern..........
A t. Top. & S. Fe (2 rds.)
99,638 Allegheny Valley..........
Cin. N, O. & T . P.(4 rds)
56,410 Denver & Rio Grande..
San Ant. <fe A. Pass.......
52,492 Mexican International.
Central of New Jersey.
52,367
N. Y. O ut & Western..
44,855
Louis. N. Alb. & Chic...
33,767
Total representing (19
roads)........................$2,239,420
$742,213
555,117
127,678
78,483
78,077
62.971
50,041
45,987
39,204
37,684
30,938
Total (representing 22
roads)........................ $1,848,393
t The net decreased $225,589 on Eastern lines and $516,624 on
Western lines.
l a the net earnings the decreases, it will be observed,
are much smaller in number, while the increases are
larger in number, though the leading roads are
the same in each. Thus among the losses in net the
Pennsylvania stands first with $742,213 decrease, the
Union Pacific second with $555,117 decrease and the
Louisville & Nashville third with $127,678 decrease,
while among the large gains in net the Illinois Central
is first with $562,017 increase, the St. Paul second with
$397,549 increase, besides which the Chicago &
Grand Trunk with $205,726 increase, and the Grand
Trunk of Canada with $442,173 increase, also stand
near the head. But perhaps the most significant fact
o f all is that several roads which in the gross were num
bered among the losses are in the net numbered among
the gains. And this emphasizes the reduction in ex
penses which has occurred in many cases. For in
stance, the Baltimore & Ohio has $261,142 increase in
net with $26,886 deorease in gross and the Burlington
Quincy $115,194 increase in net with $194,707. de
crease in gross. The Atchison has added $99,638 to
ts net, though having lost $333,639 in gross, and the
Central of Georgia has enlarged net $103,400, while
haying lost $11,400 in gross. The Southern Pacific
has turned a loss of $161,190 in gross into a gain of
$14,077 in net.
Then some roads have greater im
provement in net than in gross, showing that they did
alarger business at a reluced outlay in expenses. The
[VOL. LVII.
Milwaukee & St. Paul belongs to this class, its increase
of $397,549 in net comparing with $205,038 increase in
gross, and the Burlington Oedar Rapids & Northern
also belongs to the same class, it having $112,690 in
crease in net on $46,424 increase in gross. In some ex
ceptional instances the tendency of expenses has been
in the other direction, the Canadian Pacific, for ex
ample, reporting $52,058 increase in gross and $78,077
decrease in net; but there are not many instances of
this kind.
8ECTION OR
Group.
Gross Earnings.
1893.
1802.
October.
$
1
Trunk lines..(13) 19,297,089 20,481,302
Anthra. coal( 6) 4,207,439 4,215,149
East. A Mid. (15) 1,995,964 2,287,603
Mid. West’n.(19) 4,536,014 3,814,856
Northwest’n(11) 9,599,298 9,613,266
Southwest'njlS' 6,003,495 6,547,978
Pacific Coast (19) 11,139,313 12,340,589
Southern....(31) 6,004,826 6,598,93(
Mexioan......( 3) 1,239,485 1,493,066
Net Earnings.
1893.
1892.
Inc. or Dee.
t
0,387,058
1,752,989
828,723
1,347,743
3,941,161
2,355,966
5,405,276
2,340.812
638,307
t
—209,002
+124,816
-150,170
+509,970
+606,212
+111,470
—023,066
+33,900
—72,824
p. a
3*27
7*12
18-12
87-84
15-39
4-73
11-52
1-46
11-40
Tot.. (130) r’ds 64,022,923 07,396,826 25,329,948 24,998,635
+331,313
1-32
Jan. 1 to Oct. 31.
Trunk lines..(13) 185,897,618 189,418,362
Anthra. coal ( 6; 37,735,519 37,350,929
East. A Mid.(15) 20,572,051 20,462,73c
Mid. West’n.(19) 35,763,010 32,917,056
Northwest’n (11) 74,183,800 75,444,451
Southwest’n(U) 52,592.720 54,360,311
Pacific Coast (19) 94,644,318 101,125,659
Southern__ (23) 49,179,425 50,192.588
Mexican..... ( 3) 11,772,598 11,884,110
*
6,178,656
1,877,805
078,553
1,857,713
4,547,373
2,467,430
4,782,211
2,374,718
665,483
53,320,861
13,986,234
6,377,084
11,414,845
24,731,553
16,706,027
32,037,313
15,417,683
4,172,820
54.701,652
14,994,221
6,596,080
9,505,077
25,118,001
17,509,051
30,587,181
15,046,517
4,267,362
—1,380,791 2-52
—1,007,987 6-72
-219,002 3-82
+1,849,168 19*83
-386,448 1-54
—863,024 4-91
-4,549,868 1243
-228,834 41-46
—124,542 2*89
Tot.. (120 r’ds) 562,341,989 073,156,209 178,164,420 185.076,748 -0,911,328
8-73
Note.—INCLUDED UNDER the head of—
Trunk, Lines.
MiddleWestern—(GoncVd). iPacific Coast.—(ConcVd.)
Union PacificB. A O., East of Ohio.
Lake E. Alliance A So.
Ore. Sh. L. A Utah Nor
B. A O.. West of Ohio.
Lake Erie A Western.
Oregon Ry. A Nav. Co.
Clev. Cin. Chic. & St. L. Loui-v. N A. & Chic.
Union Pac. Den. A Gulf.
Peoria A Eastern.
Manistique.
St. Joseph A Grand Isl.
Grand Trunk of Canada. Sag. Tus. & Hnr.
All other lines U. P. sys.
Chic. & Gd. Trunk.
Sag Valley A St. Louis.
Central Branch U. P.
Detroit Gr. Hav. & Mil. St. L. Alt. & T. H.
Montana Union.
N. Y. Lake Erie A vvest’n. Toledo & Ohio Central.
Leav. T. A S. W.
Pennsylv, East of P. & E. Tol. Peoria A W.
Man. Al. A B.
West of Pitts. & Erie.
Northwestern.
Southern Roads.
Grand RaD. A Ind. sys. Burl. Cedar Rap. & Nor.
Bir. A Atlantic.
Pitts. Youngs. & Ash.
Chic. Burl. & North.
Carolina
Midland.
Wabash.
Chic. Burl. & Quincy.
Central of Georgia.*
Anthracite Goal.
Chic. Mil. & St. Paul.
Char. Cin. A Chic*
Central of New Jersey. Des Moines N. A W.
Char. Sum. A No.*
N. Y. Ontario A West.
Iowa Central
Cneraw A Darlington.
N. Y. Sus. & West.
Keokuk A Western.
Chesapeake A Ohio.
Phila. A Reading.
Minn. A 8t. Louis.
8ummit Branch.
Minn. St. Paul A 8. S. M. Cin. N. O. A Tex. Pac.
New Or. A N. E.*
Lykens Valley.
Quincy Omaha A K. C.
Ala. A Vicksburg.*
Eastern and Middle.
St. Paul A Duluth.
Vickb. Sh. A Pac.*
Adirondack.
Southwestern.
Gadsden
A Attala Un.*
Allegheny Valley.
Arkansas Midland.
Bath A Hammond8port. Atch. Top. A Santa Fe.
a. Southern A Fla.
Brooklyn Elevated.
St. Louis A San Fran.
Gulf A Chicago.
Buff. Roch. A Pitts.
Crystal.
Kan. City Mem. A Bir.
Camden & Atlantio.
Current River.
Louisville A Nashville.
Chatauqua Lake.
Denver A Rio Gr.
Houston E. A W. Texas.*! Macon A Birmingham.
Hoos. Tun. A Wilm.
Nash.
Chat. A 8t. Louis.
Kan. City Clin. A Spring.
New York A Northern.
New Orleans A So.
Northern Central.
Kan. C. Ft. S. A Mem.
Norfolk A Southern.
Staten Island R. T.
Rio Grande Southern.
Norfolk A Western.
San Ant. A A. Pass.
Ulster A Delaware.
Ohio River.
West Jersey.
Silverton.
Texas Sabine V. A North* Petersburg.
Western Md.
Rich. Fred. A Pot.
Pacific Coast.
Western N. Y. & Penn.
Rich. A Petersburg.
Canadian Pacific.
Middle Western.
Oregon Improvement Co. 3av. Am. A Mont.
Chic. A West Mich.
South Bound,
Rio Grande Western.
Cin. Jack. A Mack.
i
South
Carolina.
San. Fran. A North. Pao.
Cin. Ports. & Virginia.
West Va. C. A P.
So. Pacific.—
Det. Lans. & Nor.
Wrightsv. A Tennille.*
Eltfin Joliet & Eastern.
Gal. Har. A S. A.
Louis. Western.
Flint A Pere Marq.
Mexican Roads
Morgan’s La. & T.
Illinois Central.
, Mexican Central.
N. Y. Tex. A Mex.
Indianap. Dec. & W.
Texas A New Orleans. Mexican International.
Iron Railway.
Mexican
National.
Pacific System.
Kanawha & Michigan.
* For month only.
The general saving in expenses which has been
effected is very clearly shown when the roads are ar
ranged in groups. In that case we find that only one
group out of the nine has an increase in gross, hut five
groups have ^increases in net. The group which has
an increase in gross is the Middle Western, and the
favorable result follows entirely from the very excep
tional gain by the Illinois Central and the quite consid
erable gains reported by a few other roads, like the
Louisville New Albany & Chicago, which also derived
special benefits from the Fair. The same group of
course also has a gain in net, and for the same reason ;
but besides this the Northwestern group, the South
western group, the Southern and the Anthracite Coal
group likewise show improved net. In the North
western group the increase reaches $606,212 or 15 1-3 per
cent and the Milwaukee & St. Paul and the Burling
ton & Quincy, while very prominent in that respect,
D ecember 23, 1893.]
THE CHE0N1CLE.
are not alone in showing an increase, though the “ Soo”
road has suffered a large loss and three other roads
keep it company on the same side of the account. In
the Southern group the increase is very small, and yet
generally speaking that group has done fully as well
as any other; out of 31 road3 reporting only 9 hare
gains in gross but 19 have gains in net. In the Pacific
group there is a very large loss in net, caused however
mainly by the heavy falling off on the Union
Pacific supplemented by that on the Canadian
Pacific. The loss of $209,002, or 3’27 per cent, in the
trunk line group reflects mainly the very unfavorable
result on the Pennsylvania; most of the roads in that
group have very good returns, as, aside from the Penn
sylvania, the Cleveland Cincinnati Chicago & St.
Louis, the Peoria & Eastern, the Wabash, and the De
troit Grand Haven & Milwaukee in the Grand Trunk
system are the only oneB that fall behind, while heavy
gains come from the Grand Trunk itself, its Chicago
line the Chicago & Grand Trunk, and both the East
ern and Western lines of the Baltimore & O hio; the
Erie also has an increase, though small in amount. In
the anthracite coal group every road has contributed
to the increase shown in n e t; in the Philadelphia &
Reading case we omit the results of the Ooal & Iron
Company from onr totals, as the change in the gross is
of such large magnitude (namely $846,758 increase),
and springs entirely from the coal-mining work, not
the transportation business. In the los3 in the Mex
ican group each of the three roads represented partic
ipates.
H 069
STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.
Shares, both sides.Cleared. Total Value.
Month—
*
June, 1892.
July, 1892.
Aug., 1892.
S ept, 1892.
Oct., 1892.
Nov.. 1893.
ttm os....
16,684,000
9,807,300
13.998,480
18,857.800
20.726.300
16,519.200
96,593,080
1,041,048,200
699,313,200
977,5a3.000
1,268.000.000
1.S68.733.000
1.113,800,000
6,458,477,400
•— Shares, both sides.—,
Cleared. Total Value.
June,1893.
July, 1893,
Aug., 1893.
Sept., 1393.
Oct,, 1893.
Nov., 1893.
0 moa. ..
Dec,
'*
“
“
17,190,700
19,885,700
17.569,400
16,020,300
19,804,700
19.89J.100
109,964,900
1,016,900,000
1,100.000.000
961,300,000
938,400,000
1,172.400,000
1,83*889.400
6,319,839,400
s
1 1 .. 849,600 46,800.000
1 2 .. 907,300 58.400,000
1 3 .. 565,100 32,300,000
14.. 617,100 36,400,000
1 5 .. 571,400 30,200,000
T ot wJr..3,510,500 204,100,000
W Kastyr6,090,300 446,900,000
Dec. 1 8 .. 960,800 85,500,000
" 19..1,026.600 53,100,000
** 20.. 1,004,300 56.700,000
“ 21..1,107,000 50,800,000
“ 22..1,272,500 61,100,000
<------- Balances, one side.-------, Sheets
Shares, Value Shares. Cash. Clear’d.
1.598,750
1,120,100
1,657,400
2.055.800
2.325.800
1,831,500
10,689,360
94.566,700
74,186,100
107,386,900
128,663.500
148.622.000
128.075.000
682,400,200
1,433,971
974,700
1.301,600
1,697,606
1.761.400
1,417,800
8,586,977
6.885
IS
6,252
5,862
5,?~~
35,8
--------- Balances, one side.------- . Sheets
Shares. Value Shares. Cash. Clear’ d.
1,682,000
1,79«,300
1.470,200
1,380,600
1,783,500
1,648,100
9,760.700
90,200,000
1,789.800 0,395
88.100.000 2.752,500
6,015
73.900.000 2,329,200
0,882
72.100.000 1,988.600
5.950
96.500.000 2,043,600
6,681
99.558.000 2,246,100
6,304
520,358,00013,149,800 38.237
68,800
74.200
50,300
50,800
51.200
3.500.000
4.300.000
2.900.000
2.700.000
2.500.000
60,000
84.100
44.100
76,400
41.100
308
308
285
291
281
295,300 15,900,000 308.700 1,47 3
70S,450 53,000,000 592.700 1,622
70,500 3,800,000 111.700
310
92,700 4.200.000 142,000
306
77,100 4.100.000 130,400
309
89,500 3.500.000 119,100
319
106,200 5.000,000 2 1 1 ,20 0
335
Tot. wfc,.5,371,20O 307,200,000 436,000 20,600,000 714,400 1.579
Wklastyr7.492,100 5 2 1 ,LOO,000 724,500 50,600,000 739,900 1,6 10
The stocks cleared now are American Cotton Oil common,
American Sugar common, Atchison, Chicago Burlington Sc
Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com
mon, Chicago & Northwestern, common, Chicago Rock Island
Sc Pacific, Delaware Lackawanna & Western, Distilling Sc
Cattle Feeding, General Electric, Lake Shore Sc Michigan
Southern, Louisville & Nashville, Manhattan, Missouri
Pacific, New York Central, New York Sc New England. Yew
York Lake Erie Sc Western, Northern Pacific preferred,
National Lead common, Philadelphia Sc Reading, Union P a - ’
cific and Western Union,
1From onr own correspondent. I
L ondon, Saturday, Decembers, 1803, .
Rates in the outside market have fluctuated a good deal
IM P O R T S AN D E X P O R T S FOR N O VEM BER. this week. Ou Monday and Tuesday they fell rapidly. A t
times i t was not easy to get even 1 per cent for very shirt
T h e B u re a u of S tatistics has issued a detailed statem ent of
loans, and the discount quotation was barely 21^ per cent.'
the foreign com m erce of the c o u n try fo r the mon th of Novem
On Wednesday there was a sudden change in the market and
ber, 1893 and 1892, and fo r the eleven m onths end in g N ovem
on Thursday rates bounded upwards. From 2 to %% per cent,
ber 30, 1893 a n d 1892, as fo llo w s :
was freely paid for short loans, and the discount quotation
MERCHANDISE.
was fully %% per cent, some institutions asking as much as
N ovem ber.
11 m os.eiu l.yov.S O .
1893.—Export*—Domestic..................... 890,537,175
$763,137,424 2 % per cent. It will be recollected that last week a very
Foreign.......................
1,503,734
19,4X4,080 considerable amount—it is said generally over 2 millions
Total..................................
$91,640,909
$7*12,551,510 sterling— was borrowed from the Bank of England by the
Import!)..................................... 49,256,152
720.350,047
outside market. As long as this money was in the market
Excess of export.-. ..............................$42,384,757
$56,201,463 rates were very low. Re-payments began on Wednesday and
1892,
—Exports—Domestic........... $96,352,092
$837,018,333
Foreign.......................
1,351,732
13,850.509 they were very large on Thursday, and consequently the
Total................................... *97,703,824
*850.874,842 market was depleted for the moment and rates advanced
Imports........................................ 67,689,040
775,804,599 rapidly. In addition to this it is to be recollected that work
Excess of exports.. ..............
..*30,001,784
$75,070,243 is being resumed in alt branches of trade, which were disor
ganized by the long-continued coal strike. A t a meeting of
SPECIE— GOLD.
November. 1 1 moi.end.Nor.30. representatives of the Federated miners on Thursday, it was
1893.
—Exports—Domestic..........
*318,947
*69,618,083
Foreign.......................
8,857
7,502,253 officially stated that only 9,000 miners are now out of work,
Total.......................................
* 28,804
*77,118,336 and that these are unemployed simply because certain repairs
Imports............................
4,471,575
72.016.L44 have to be effected in the mines or the means of conveying
Excess of exports..................................
............
*5,102,192 coal are not yet adequate. The miners being thus fully at
Excess of imports................................. *4,142,771
............ work, all other branches of trade are likewise becoming active,
1892.
—Exports-Dom estio.......... *1,123,647
$57,559,095
Foreigu......................
15,000
6,093,234 and hence there is a largely increased demand for currency
Total..................................... *1,138,647
*63,652,329 throughout the provinces.
The India Council offered for tender on Wednesday 50 lakhs
Im ports........................................
2,577,212
15,910.408
Excess of exports..............................
..
*47,741,921 of rupees in bills and telegraphic transfers, but did not succeed
Excess of imports.................................. *1,438,565
.........
in selling quite half a lakh. It will perhaps be remembered
STECIE— SILVER.
that in the Budget published in Calcutta last March it was
1893. -Exports—Domestic................... *1,164,688
*25,454,036
Foreign......................
938.677
13,526,716 estimated that the Council would have to pay in London int
Total........................................ $2,103,365
*38,980,752 round figures about 18% millions sterling and that this whole
Imports........................................
916,772
17,341,085 amount would have to be raised by the sale of Council drafts.
Excess of exports................................... $1,186,593
$21,639,657 The drafts were very freely disposed of until the decision was
1892.—Exports—Dom estic.................. $2,16 3,18 1
$17,432,781 taken to close the Indian mints. But since then the Council
Foreign................
1,737,036
13,832,886 has obtained by sale of drafts very little more than threeTo tal........................................ $3,900,217
*31,265.637 quarters of a million sterling. The result is that from the
Im port-.......................................
2,721,214
19,901,723
first of April to the middle of this week it did not obtain by
Excess of exports.,............
*1,179,003
$11,363,914 the sale of its drafts quite 6% millions sterling. Hence it has
been obliged to borrow somewhat over a million and a-quarter
S t o c k E x c h a n g e C l e a r i s g -H o u s e T r a n s a c t i o n s . — The sterling upon debentures and 2 milliotts sterling upon 8
subjoined -tu r ii.-lit. includes the transactions of the Stock months’ bills. It is now inviting tenders for another batch
Exchange C%a< lag-House from Dec. 11 down to and includ
ing Friday. Dae 32; also the aggregates for June to Novembt-r, of 0 months’ bills amounting to a million and a-half sterling.
That will make the total issue of 6 months’ bills 3% millions
inclusive, in 1888 and 1892.
1070
THE
CHRONICLE.
sterling, and adding the debentures the total borrowings since
the closing of the mints somewhat exceeds 4% millions
Sterling. Adding this sum to the receipts from the sale of
drafts we get a total of 11% millions sterling, leaving about
7% millions sterling to be raised between now and the end of
March—a period of considerably less than four months. It
does not seem probable that drafts to that extent can be sold,
and therefore the general expectation is that the Council will
have to borrow a considerable amount further very soon after
Christmas.
Meantime the shipments of silver to India are again be
coming large. As will be recalled, every one was surprised
by the magnitude of the shipments for a couple of months or
more after the closing of the mints. Then the shipments fell
off, but now they are again becoming surprisingly large.
They have all through been very large to the Far East gener
ally—China, Japan, the Straits Settlements and Cochin-China.
One explanation of the sudden increase of the silver exports
to India is that throughout India there is a general fear that
the Government is about to impose a very heavy duty upon
silver imports, and that the natives, whether traders or
princes, are buying in anticipation of this. In any event, the
demand is so strong that this week the price has risen from
31 15-16d. per ounce to 32%d. per ounce.
The Board of Trade returns for November are again unsat
isfactory. The value of the imports was somewhat over 35%
millions sterling, a decrease of considerably more than three
millions sterling, or nearly 8 per cent, and the value of the
exports was considerably under 17% millions sterling, a de
crease of over 4% per cent. For the eleven months of the
year there is a decrease in the value of the imports, compared
with the corresponding period of last year, of about 4-6 per
cent, and there is a decrease in the value of the exports of
about 3T per cent. But it is to be recollected that the
coal strike was not ended until the month was well advanced,
and that every week it continued it acted more detrimentally
upon the industries of the country.
The stock markets have been dull all through the week. As
ha3 been stated in this correspondence more than once already,
investors had for some weeks previously been buying upon a
very considerable scale, confining their purchases, however,
to really sound securities—especially B itish, United States
and Colonial. Unfortunately, speculators, seeing this, at
tempted to rush the market up too quickly, and there was an
undue advance towards the end of last week. As a conse
quence, investors drew back, many orders previously given
being canceled. To some extent, no doubt, the approach of
the Christmas holidays is likewise affecting the market. The
disturbances in the money market also have some influence,
as well as the continued political uneasiness upon the Conti
nent and the weakness on the New York Stock Exchange.
Broadly, however, the main cause of the weakness here is that
investors are not willing to buy when prices are rushed up
quickly, but that when the market is quiet the more pru
dent and enterprising of them quietly invest upon a consider
able scale. One other cause of disappointment this week is
the delay of the Argentine Congress in approving the settle
ment of the debt arranged between the Rothschild Committee
and the Argentine Government. Last week it was confidently
hoped that Congress would act immediately ; now it is feared
that the question will be postponed indefinitely. The news
from Brazil, too, is discouraging. The best informed are con
vinced that the civil war will drag on for a long time, that
the civil population will not act, and that the army and the navy
are so jealous of one another that there is no knowing how
ong the conflict may continue. Upon the Continent the
bourses are fairly steady, but there is an undertone of
political uneasiness. It is said that the great French bankers
are about to advance a considerable sum to Spain, the object
being to draw Spain into the alliance between France and
Russia. A French syndicate is likewise negotiating a loan in
Greece, and very confident hopes are entertained,in Paris that
an understanding exists between the courts of Denmark and
Russia, From day to day, therefore, we are told to expect an
announcement that a Quintuple Alliance has been formed to
face the Triple Alliance. In Italy, on the other hand, mat
ters are growing worse. The long ministerial crisis is not yet
at an end. Signor Zanardelli has failed to form a ministry.
The public opinion appears to be that only Signor Crispi or
Signor Saracco is capable of dealing effectually with the sit
uation.
rvoL.
l v ii.
The imports since January 1 have been as follows:
1893.
£
33,125,888
29,758,748
34,089,413
32,126,359
36,836,951
31,868,792
33,292,273
35,002,085
31,377,936
35,356,469
35,800,856
1892.
£
38,485,214
34,877,931
36,793,194
34,920,272
35,035,738
32,777,479
33,497,585
34,844,365
31,485,305
34,726,858
38,898,373
11 months.. 368,320,298
386,013,049
I m ports.
January.......... .
February ___
March............ ..
Anril................
May................. .
June................ .
July.................
August.............
September___.
October...........
November___
Difference.
£
—5,359,356
—5.119,183
—2,703,781
—2,794,913
+ 1,801,213
— 908,687
— 205,312
+ 157,720
— 107,369
+ 629,611
—3,097,517
—17,692,751
Per 01•
— 13-92
— 14-67
— 7-34
— 800
+ 514
— 2*77
— 0*61
+ 0-45
— 0-30
+ 1*81
— 7-96
— 4-58
The exports since January 1 have been as follows :
1893.
£
18,026,019
17,093,309
19,432,904
16,617,977
17,822,460
18,785,271
19,651,374
19,530,178
18,434,129
18,179,792
17,653,759
1892,
£
19,146,704
19,328,753
19,665,382
17,865,876
17,783,969
18,070.318
19,463,597
20,051,330
19,104,959
18,725.460
18,549,340
Difference.
£
—1,120,685
—2,235,444
— 232,478
—1,247,899
+
38,491
+ 714,953
+ 187,777
— 521,152
— 670,730
— 545,663
— 895,^81
— 5-85
— 11*56
— 1*18
— 6*98
+ 0*21
+ 3*95
+ 0*96
— 2*59
— 3*51
— 2 91
— 4-83
11 months... 201,227,172
207,755,588
—6,528,416
— 3'14
E xports.
January..........
February........ ,
March..............
April................,
May................. .
June............... ..
July................. ,
August...........
September___
October..........
Novem ber...,
Per 01
The exports of foreign and colonial produce since January 1
show the following contrast:
1893.
£
4,786,274
5,733,252
5,690,367
4,856,184
6,945,220
4,796,015
4,812,492
4,368,637
3,918,667
4.749, L17
4,044,592
1892.
£
4,128,646
5,728,772
5,566,389
5,545,838
6,951,447
4,648,260
5,971,207
4,376,509
4,227,061
6,363,028
4,788,058
Difference.
£
+ 657,628
+
4,480
+123,978
—689,654
+353,773
+147,755
—1,158,715
—
7,872
— 308,394
-1 ,6 1 3 ,9 1L
— 743,466
+ 15*92
+ 0*07
+ 2-22
—12*43
+ 5-09
+ 3*17
—19*40
— 0*18
— 7*29
—25*36
— 15*52
11 months... 54,700,172
57,935,215
—3,235,043
— 5 58
B
e -e x f o r t s .
January..........
February.........
March..............
April................
May..................
June.................
July.................
August............
September___
October..........
November.. . .
Per Ot.
The following return shows the position of th e B a n * of
England, the Bank rate of discount, the price o f consols, &<„,
compared with the last three years:
1893.
1892.
1891
Dec. 6.
£
Dec. 7.
£
Dec. 9.
£
189 \
Dec. 10.
25,490,905
26,102,800
Circulation...................................... 25,821,795
3,651,993
6,390,649
3,793,880
Public deposits. . . .........................
Other deposits................................. 28,027,921 28,760,998 29,037,857
9,287,512
10,101,903
11,250,058
Government securities................
27,578,990
23,372.720
Other securities.............................. 23,611,404
15,108,545
15,651,735
Reserve.............................................. 16,800,087
24,692,700
23,681,405
Gold and bullion............................. 25,677,882
43 1-10
48
6ZS4
Prop, assets to liabilities- per ct.
3
3
(3J4 Dec. 10)
Bank rate......................... per cent.
97^xd
97 3-10
95 5-16
Consols 2% per cent.......................
Clearing House returns............... 144,083,000 123,811,000 113,080,000
24,271,720
3,919.526
32,042,898
10,141,433
27,372,547
17,007,03*
24,828,755
46«
5
110,563,000
Messrs, Pixley & Abell write as follows under date of
December 7 :
.
Gold—There is still a good enquiry for gold, but rates are slightly
lower than a week ago. The bank has received £127,000 during the
week, and £80,000 has been withdrawn forBoumania. Arrivals—
South Africa, £ 1 9 7 ,00 0 ; India and China, £116,000; total, £313,000.
Shipments to Bombay Dec. 1, £30,500. 8ilver—After remaining
steadily at 3 1 15-16d., a somewhat brisker demand oocurred for the
East, and in consequence silver has improved to 32>»d. Arrivals—
New York, £161,000; Cape Town, £ 5 ,0 0 0 ; Sydney, £ 8 ,COO; total,
£174,000. Shipments—To India, Dec. 1, £ 1 6 1 .50 0 ; to Dong Kong,
Dec. 1, £149,000. Mexican dollars—These coin have been sold at
varying figures, and last quotation is 3214. Arrivals from Vera Cruz—
£32,000.
The following shows the imports of cereal produce into the
United Kingdom during the first fourteen weeks of the season
compared with previous seasons:
1HFOBT8.
1893.
Imports of wheat. owt.17,922,045
Barley................... ___ 9,619,127
Oats....................... ___ 4,058,373
770,240
Peas.......................___
Beaus.................... . . . . 1.342,025
Indian oorn......... . . . . 7,276,095
Flour..................... . . . . 5,921,211
1892.
19,429,853
6\639,079
4.278.790
702,781
1,348,341
8,724,841
5.894.790
1891.
23,085,6S9
8,973,015
4,178,321
969,681
1,117,452
4,974.459
4,372,356
1890.
18,385.761
7,962,870
3,568,861
427,098
744.193
8,170,715
3,873,592
Supplies available for consumption (exclusive o f stocks on
September 1):
1893.
Wheat...................OWt.17,922,045
Imports of flour......... 5,921,241
iales of home-grown. 7,153,431
1892.
19,429,853
5,894,790
7,679,853
Total..................... 30,996,720 33,004,496
Aver, prioe wheatweek.27s. Od.
27s. Od.
Average price, season.,27s. Od.
28s. 4d.
1891.
1890.
23,085,689 18,385.761
4,372,356
3,873.592
9,691,810 11,770,937
37,149,855
38s. l i d .
3 /s . Id.
34,030,290
32s. 3 d .
32a. I d .
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This w eek.
Wheat................. qrs. 2,628,000
Flour, equal to qrs. 275,000
Maize.. . . . . . . . . ..q rs. 492,000
L ast w eek ,
2,76S,009
270.000
424.000
1892.
2,293,000
537.000
385.000
1891.
2,113,000
296,000
229,00(i
THE
December 23, 1893.]
CHRONICLE
E n s lta h f i n a n c i a l S I a r K e i * -P e r C a b le .
The daily closing quotations for securities, &c., at London
are repotted by cable as follows for the week ending Dec. 22:
Jfon.
Sol.
London.
32
Sll/er,per ok. . . .......... .d 32
93%«
Oo isum.ne w, 2 % per ote. 98%
do for account-........ 98%
Fr oh rentes (InParis)fr. 18-17% 93-22%
V. 8. is of 1907..............
75%
Canadian P acific............ 75%
■Che. Mil. & St. P a u l.... 63% . 62-%
1
95%
96
Illinois Central............ .
Lake Shore...................... 129% 12 9 %
50*4
Louisville <fe Nashville-. 50%
55%
Mexican Central 4s....... 55%
10
4
104%
N. X. Central & Hudson.
15 %
N Y.Lake Erie &West'n 15%
78
%
do
2d eons.......... 78%
22%
N orfolk A Western, pref. 22%
22%
2
1
%
Northern Paolflo p ref...
43%
P *,nuaylvania . . . . ____ 49%
10
Philadelphia <fcBeading. 10%
21
Union Pacific................... 21%
16 %
W .bash pref................... 16%
Tues.
Wed.
Thurs. | F r i .
32%
98
98%
98-42%
32h6
93
96%
98-37%
32%
32%
98%s ! 9Si16
983-6 : 93S,«
98-50 98-528
74-s
74%
7 i % ; 74%
60%
6 1%
60% ! 60%
94% ; 94%
94%
94
129-% 12 5 % 126
126
50%
50%
49%
50%
55
55%
54
53%
10 2 % 103
103
102%
15 %
15 %
15 %
15 %
78%
78 %
73
77%
20 %
22%
2076
*207s
20 %
1 3 1%
21%
20%
-13%
44%
48%
48%
9%
9%
9 % . 9%
21
20 %
20 %
20 %
16 %
15 %
15 %
15 %
C om m ercial ana B U sc e lla a e o a s 2$ew«
1071
more comprehensive than former editions have been—
although by the use of lighter paper the size of the volume has
been reduced—and in it are presented not a few noteworthyimprovements—such for instance as a tabular statement
covering several pages of ail the securities appertaining to the
Penn. RR. system, with foot notes describing each in detail.
—The minority stockholders of the New York & Northern
Railway Co. are notified by advertisement in another column
of the intention of their committee to continue its efforts in
their behalf.
—South Milwaukee, Wis., 5 per cent bonds are offered at
97}£ and interest by Messrs, Geo. A. Lewis & Co., Chicago.
See particulars in the advertisement in our State and City
Department.
City Railroad Securities—Brokers’ Quotations.
Bid. Ask. 1
A tlantic A y ©., B rooklyn..
Gen. M. 5 s 1909— A &O
Bieefc. St. & FnL F .- S i k 1 st mort., 7s, 1900.J**J
B ’ way & 7tli A y ©.—stock.
1st more., 5s, 1904.J&D
2d m o rt, 5s, 1914..J& J
B 'w a y 1st, 5s, guar. 1 924
2d 5 s fa t as rent'LlOOo
B rooklyn C iiy—N ew Htk.
LOO
107
185
102
102
102
I m p o st s a n d E x p o r t s p o e t h e W e e k .— The following are
B’fc'yn CroHst’n 5s. 190S
the imports at New York for the week ending for dry good Brk
C. & 1ST.5>, 1938.J&J
rookiyn T raction. . . . . . . .
Dec. 14 and for the week ending for general merchandise Dec. B
Central Crosatown—Stk..
1st mort, 6s. 1922.M&N
15; also totals since the beginning of the first week in January.
___________________ FORM0S IMPORTS AT NEW YORK.
For Week.
Dry G ood s.......
•Gen 1 mer’dUe.
Total..........
Sine J a n . 1.
1890,
j
1891.
J
1892.
1893.
$1,876,995
7,644,507
*2,223.245
6,935,720
$2,354,470
9,997,045
$1,305,421
5,813,066
$9,521,502!
*9,158,965
$12,151,515
$7,118,487
D ry Good 8___ 1142,501,759 *111,786,794 $122,333,697 $116,022,072
Gen” mer'cUse. 381,827,922| 389,563,418 431,803,308 405,154,526
Total 50 weeks. $524,389,081 $501,350,242 $554,137,005 t521.176.598
*05
102
15
135
115
Cen. Pk. N.& E.Kir.-Stk U5
ConsoL 7a, 1902....J&D 110
C hrU t'p'r & 10th S t—Stk. ....
let mutt., 1898....A&Q 105
__t_
.. ...
30
__
167
:o4
17
120
150
130
Bid. Ask.
!D. D. E. B. * Bat’v—Stk.. 120
1st, gold, 5s, 1932..J&D100
95
Eighth Avenue—Stock___ 240
Scrip, 6s, 1914............... on
42d <ft Gr. St. Fer.—Stk. 300
42d St.& Man.* wtN.Av.
1st mort. 6s, 1910..M&s 110
2d mort income 6s.J&J 60
H. W. St & P, Fer —Stk. 200
1st morr., 7s, 1894.. J&J 104
jLong Island Traction..... 20
; Metropolitan Traction__ 106
Ninth Avenue............... 131
|Second Avenue—Stock... 120
! 1st mort, os, 1909.M&N
ISixth A venue—Stock.__ 200
iThird Avenue............ .
175
lirtmort- 58,1937 ,J<6J 11
!Twenty-Third St.—Stock. 290
125
■__
97
105
__ ,
60
113
64
.t s .n
__
20%
107
135
125
102
205
180
......
N. Y. and Brooklyn Gas Securities—Brokers’ Quotations.
GAS COMPANIES.
Bid. Ask.
Brooklyn Gas-Light........ j 110
115
GAS COMPANIES
Bid. Ask.
Ill
M etropolitan—Bonds........105
Metropolitan (Brooklyn).
Williamsburg............
Bonds, 6s .................. .
Fulton Municipal...... .
Bonds. 6s................
Ecmltable.........................
Bonds, 6s.......... ............
Standard pref.................
Common.......................
Shares.
11 Empire State Bank............114%
30 Western Nat. Bank............112
15 Owen Paper Co. ot Housetonic, Mas*., $1,000 ea„
full paid.................... $100 lo t
Bonds.
$60,000 Texas Sabine Vail. &
Nonhwest'n Ry. Co. 1st 5a,
1889, and all subsequent
coupons attached................. 5
$59,000 Carolina Cumb. Gap
A Chic. Ey, let 6s, coupon*
due Nor. 1 ,18 9 3,upon each
of wh!ch$12 has been paid,
and all subsequenteoupons
attached.................. ..........
5
Bonds.
$25,000 Texas Sabine Val. <k
N orthwestern Ey. Oo. 1st 5s,
1938 ; 1893 and all subse
quent. coupons attached__
5
$71,000 Delaw. Riv. <fe Lancaster RP.. 1st 6s, 1913;
1893 and all subsequent
coupons attached................. &
Certlflc’s of deposit of $4,000
Charleston Sumter & North,
By. Co. 1st 6s, 1910; 1890
and all subsequent coupons
attached................................
5
$3,000 Riohmond By. <fcEleo.
Co. 1st 5s; all unmatured
coupons attached................. 55
Central............
. . . . . . . . TtO
< ittze *»’ (Brooklyn). . . . . . __ _
Jersey City «fe Ho oken.. ISO
*60"
100
133
150
105
The imports of dry goods for one week later will be found Mutual iN.
145
187 190
Nassau (Brooklyn)........ 140
100
in our report of the dry goods trade.
Scrip...... . ............ .................... . 100
80
75
32
The following is a statement of the exports (exclusive of People’s (Brooklyn)..__ _ 82 8 T
Auction Sales—Among other securities the following, not
specie) from the port of New York to foreign ports for the
regularly dealt in at the Board, were recently sold at
week ending December 19 and from January 1 to date:
auction.
EXPORTS PRO4 SBW TORE FOR THE WEEK.
By Messrs, E. Y. Harnett & Co.:
1890.
|
189L
*7,249,162; $9,362,150
Forth* week..
Prev, reported. 335,005,935j 363,662,753
1892,
1893.
$7,927,953
368.702,516
$7,428,342
356,638,234
Total 50 weeks. $342,255,097l$373,021.603 $370,630,469 $364,066,576
The following table shows the exports and imports of specie
-at the port o f New York for the week ending Dec. 16 and since
January 1,1893, and for the corresponding periods in 1892
and 1891:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Sold.
Exports.
Week.
Since Jan. 1,
Imports.
Week.
Since Jan. 1,
< k im » a y . «•••*•..
West In dies.............
Mexico.......................
sgkmth America.. . . . . .
•All other countries..
$ ............ $16,700,707
17,990,102
1,700,000 27,658,600
34,573
8,167,452
19,468
1,188,070
6,000
1,013,420
$30,236,842
8,781,178
13,386,791
7,653,931
61,551
1,763,446
16,323
146,775
Total 1 8 9 3 .........
Total 1892._____
Total 1891..........
$1,740,573 $72,737,819
4,290.146 66,152,349
61,000 76,001.386
$16,323 $61,930,514
6,402
8,449,967
985,962 31,129,670
Imports.
Great Britain—. . . . . .
Bileer.
Great Britain...........
France................. .
Germany...................
West Indie*..............
M e x ic o ...................... .
iBnuth America..........
A ll other countries..
Total 1893.
Total 1892.
Total 1891.
Exports.
Week,
Since Jan. 1.
*915,188 *30,557,536
132,198
193,000
517,147
660
110,003
1.326
43,610
$916,514 #31,554,193
49s,230 22,161,658
166.203 19,741.239
Week.
1,504
713
Since Jan. 1.
#2,937
788.010
596
49,603
989,563
1,183,350
137,341
$2,217 $3,151,433
2,979.635
175
2.691,621
99,218
By Mesars. Adrian H. Muller & S on :
Shares,
Shares.
40 Citizen s’ Nat. Bank........ 137
20 Lawyers’ Title Ins. Co.,
N. Y ................................. 130%
20 Thurber-Whyl. Co. pref.. 23
50 Brooklyn Bank............... 201
3000 Monterey & Mex’n Gulf
291 Municipal Electric Light
Ry. Co- $10 each.........$1,50®
25 Beekton Constrict Co.pf. 80
Co. of Brooklyn
135-140
35 HamiltonTr. Co.,B'Rlyn,
136 Mechanics’ Nat. Bank... 183
193 200
Bonds.
$12,000 City of N Y. 7s cons.
30 Kings Co. Tr. Co- B’klyn.266
105 Quasaalok Nat. Bank of
stock, 1896, J&D------- 109 & lnt.
Newburg, N. Y ,. ......... ,150% $12,000 City of N. Y. 7s oons.
stock (Croton water main),
100 Essiek Printing & Tele
1900, M&N............
11!) & lnt.
graph Co......................... 3
10 Germ.-American Invest
$1.000 People’s Gns-L. 1st 5s,
1907, M&V ................. 98% &int.
ment Co. common......... 85
$1,000 Dry Dock E. B.&Batt.
13 Middletown Gas Co. of
Middletown, O............ $25 lot
BB. os certfs. of Indebted
ness, 1914, F&A........... 100 & lnt.
10 Title Guar. & Trust Co. . 167
50 So. B'klyn Saw Mill Co.. 1 15
$10,000 N. Y . & N. J. Teleph.
20 Herr’g-Hp-H-Marv. Go.pf. 75%
geni. 5s, 1920........................ 94
$1,000 City of Jersey City 7s,
10 Citizens* Electric Illum
water, 1913, M & N ___124 <felnt.
inating Co. of Brooklyn.140%
____________ a n d
TH E
Of the above imports for the week in 1893, 1-5,451 were
American gold coin and $99 American silver coin. Of the
-exports during the same time $1,740,573 were American gold
C a p ita l,
coin.
Pnu.ADKLT'lllASECURITIES;.—The standard Statistical MAnua
and Hand-book of Reference upon the Corporations of Penn
sylvania, Fourth Annual Number, Royal 8vo. pp, LXI;
653. Price, $4,00.
A copy of this book has been received from the Securities
Press, 119 South Fourth Street, Philadelphia, As usual it is
a work quite comprehensive in its scope, embracing all the
corporations and securities—railroad, financial, manufactur
ing aDd municipal—which are identified with Philadelphia or
d o business in that city, The piSfint edition indeed is even
f in a n c ia l.
M ERCA N TILE N A TIO N A L BANK.
OF T H E C IT Y OF NEW Y O R E ,
N o, 1 9 1 B roa d w a y *
$ 1 , 0 0 0 , 0 0 0 1S u rp lu s F u n d , - $ 1 ,0 0 0 ,0 0 9
WILLIAM P. ST. JOHN, President. |FREDERICK B. SOHBNCK. Oa*hi«.
JAMES V. LOTT, Assistant Cashier,
A C C O U N T S S O L I C IT E D .
S amuel D. D avis & C o .,
BANKERS AND DEALERS ilN INVESTMENT SECURITIES.
NO . 4 4 W A L L S T ., N E W
(UlRTBL D. IHVH,
Member N, Y, Stock Exchange,
VORE.
0HL8, B. YAK NOSIRAKD.
THE
1072
fla n k e r s '
CHRONICLE.
of reserve to liabilities was 50T9 against 52-99 last week ; the
discount rate remains unchanged at 3 per cent. The Bank of
France shows an increase of 2,225,000 francs in gold and
a decrease of 2,575,000 francs in silver.
New York City Clearing-House banks statement, Dec. 16:
© a ^ je ttje .
D IV ID E N D S ,
Name o f Company.
R a ilr o a d s .
Baltimore & Ohio pref. stocks...
Canada Southern...........................
*•
*•
extra.............. .
Fitchburg pref.............................
Granite...........................................
Lake Shore & Mich. Sou............
Mexican Northern (quar.).........
- Michigan Central...... ...................
Per
Cent.
3
ik >
HD
l
1
2
2
$3
1 3
lk!
2 ?
1 1M
1>4
j 1
When
Payable.
Jan.
Feb.
Feb.
Jan.
Jan.
Jan.
Jan.
Feb.
Jan.
Feb.
Jan.
Jan.
Jan.
N. Y . Cen.
Hud. River (quar.
Norfolk & Southern (quar.).......
Petersburg com............................
“
pref. guar................... 1 1 }
Rich. Fred. & Potomac com----3k!) Jan.
“
“
*•
div. oblgs.
3ki \
Richmond & Petersburg............ ;
Jan.
3
Wor. Nashua & Rochester..........
Jan.
9 R an k s.
4
Bank of America..........................
Jan.
5
Bank of New York N. B. A........
Jan.
Central National..........................
3k! Jan.
4
Chatham National (quar)..........
Jan.
4
Columbia.......................................
Jan.
Fourth National...........................
3k! [Jan.
5
Hanover National.......................
Jan.
Importers’ & Traders' National. 10
Jan.
5
Leather Manufacturers' Nat’al..
Jan.
5
Market & Fulton National..........
JaD.
4
Mechanics’ National....................
Jan.
Mercantile National....................
3kl Jan.
3
Merchants’ Exchange National.
Jan.
3
Mount Morris.................................
Jan.
4
Murray Hill (quar )......................
Jan.
4
National Bank of Commerce___
Jan.
4
National Bank of the Republic..
Jan.
3
National Bank or North America
Jan.
6
National Broadway............
Jan.
National Ciiizens’................
3)2 Jan.
5
National Park....................
Jan.
3
National 8hoe & Leather..
Jan.
5
People’s..................................
Jan.
3
Phenix National.................
Jan.
'Beaboaid National..............
“
“
(tax divid’d.) 1 8 2 £ Jan.
5
Second National....................
Jan.
3
Western National.................
Jan.
T r u s t C o m p a n ie s .
3
Atlantic (quar.)....................
Jan.
Brooklyn (quar.)...................
j 5
Jan.
Central (bi-monthly)............
10 \ Jan.
2
Long IsPd Loan & Trust (quar.j.
Jan.
Manhattan..............................
2k! Jan.
Mercantile.............................
5
Jan.
3
Real Estate Loan & Trust..
Jan.
Title Guarantee & Trust___
3
Jan.
United States.......................
16
Jan.
Washington............................
! 3
Jan.
M isc e l la ii e o u s.
Cen. & S. Amer. Tele (quar)
Jan.
1 i%
beb.
lk!
2
Jan.
Mexican Telegraph (quar.).
JaD.
2k
Procter & Gamble pref. (qu£
2
Jan.
Wells, Fargo & Co.................
4
Jan.
Jan.
3k
Books Closed.
(Bays inclusive.)
2 Dec. 24 to
1 Dec. 31 to
— to
2 Dec. 20 to
2 Dec. 20 to
1ft Jan. 1 to
1
— to
1 Dec. 31 to
20 Dec. 31 to
1 Dec. 31 to
15 Dec. 31 to
10 Dec. 30 to
2 Dec. 21 to
[VoL, LVII,
1893.
Dec. 16.
Jan. 1
Feb. 1
Jan. 2
Jan. 2
Jan. 15
Feb. 1
Jan. 20
Feb. 1
Jan. 15
J a n .10
Jan. 1
Differen’ sfrorrx
Prev. week.
1892.
Dec. 17.
1891.
Dec. 19.
$
Inc".3,"678",300
Dec. 145,700
Inc.2,748,800
Deo.1,361,300
Inc.1,651,900
Ino. 290,600
Inc. 687,200
$
60,422,700
68,879,200
411,801,200
5,589,300
449.195.500
76,995,*00
40,748,600
117,744,100
112,2*8,875
$
59,372,700
66,007,900
422,840,200
5,589,600
446,538,000
76,168,825 Deo. 396,600
5,445,225
19,161,500
$
Capital................. 60,922,700
Surplus................. 71,726,500
Loans and dlsc’ts 415,421,900
Dlrculation.......... 13.456.400
Net deposits...... 495.551,100
Specie................. 103,548,200
Legal tenders___ 96.508.400
Reserve beld.___ 200,056,600
Legal reserve... 123,887,776
Sorpins reserve..
36,355,700
130,796,000
111.634,500
Foreign Exchange.—The rates for sterling and continental
bills were steady in the early part of the week but easier the
2 Dec. 21 to Jan. 2 past few days, owing mainly to the fact that remittances for
2 Dec. 21 to Jan. 1 January settlements have been nearly completed. Gold ex
2
— to
ports ceased and the bankers do not look for further shipments
4s at present. Posted rates of leading bankers are as follows
2 Dec.
2 Dec.
2 Dec.
2 Dec.
2 Dec.
2 Dec.
2 Dec.
2, Dec.
2 Dec.
2 Dec.
2 Dec.
2 Dec.
2 Dec.
2
2
2
2
2
2
2
2
2
2 Dec.
2
2 Dec.
2 Dec.
2
2
2
1
2
2 Dec.
2 Dec.
VIDec.
3
30
10
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
4
1
2
1
2
1
1
1
1
1
2
1
1
1
Jan.
Jan.
Jan.
Jan.
2
1
1
1
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
23 to Jan,
1
1
1
1
1
2
9
Jan.
Jan.
2
2
23
20
23
23
19
22
23
20
20
20
22
23
21
21
—
—
23
21
21
—
24
23
27
20
27
22
—
23
21
22
27
23
31
4
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Jan. 1
Jan. 9
Jan. 2
Jan. 2
Jan. 2
Jan. 10
10
1
2
17 Jan.
15
15
10
WAJLJL ST R EE T , F R I D A Y , D ECEM BER 2 2 , 1 S 9 3 - 5
P. M .
The Sc. Nicholas Bank failure in this city and the fear of
another great railroad receivership have been the potent
influences which governed our market this week. Thurs
day the 21st was the shortest day of the year and it
brought these gloomy occurrences to darken the financial
horizon. On the other hand the statements of the Vanderbilt
roads, which are usually looked for with much interest at this
period, were remarkably good, and the dividends declared
were reassuring. Atchison affairs will probably take definite
Bhape in a few days, as the directors meet to-morrow, Satur
day, to discuss the company’s affairs.
There will probably be anew eraof railroad financiering after
1893, as the danger of carrying floating debts has been pretty
thoroughly demonstrated. In the future there must be some
better method of raising money for necessary improvements
than that hitherto in vogue of borrowing on temporary loans
at enormous rates of interest and frequently by the pledge of
good collaterals at one-half their true value.
The year has been a disastrous one, but the vitality of the
railroads has been shown in many ways, and their capacity
for keeping up earnings and cutting down expenses nas been
tested to the utmost, generally with an encouraging degree of
success. The Pacific railroads and some of those in the silver
States and the Southwest suffered exceptionally from the de
crease in business, which for a time amounted almost to
paralysis.
The new year will start with prices on a bed-rock bottom,
both for securities and merchandise, and this is unquestion
ably better than to have an inflation in values and such fic
titious prices as those which ruled in the Phila. & Reading,
National Cordage and some other stocks at the opening of 1893.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from % to 1% per cent,
the average being 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.
T
^
The Back of England weekly statement on Thutsday
showed a decrease in bullion of £850,458 and the percentage
December 22.
Sixty Days.
Prime hankers’ sterling bills on London..
Prime com m ercial.............................
Documentary oommerci .1...........................
Paris bankers (francs)...................................
Amsterdam (guilders) bankers...................
Frankiort or Bremen(reicnmark8)b’nkers
4
4
4
5
\
Demand.
85 @ 4 85i* 4 871*® 4 88
83**®4 8334
83 ®4 83 4
193a®5 183* 5 1 7k ® 5 167,
401e®40316 403s»403Je
95 » 9 5 k
9558995%
Dnlted States Bonds.—Quotations are as follows:
Interest Dec.
Periods 16.
Dec.
18.
Dec.
19.
Dec.
20.
Dec.
21.
Dec.
22.
2 8 ,m
m
m
m
m
m
...... -.reg. Q.-Mch. * 95*4 * 9 5k * 951* * 95k * 9 5k - 9 5k
4s, 1907..........
Q.-Jan . *11314 *11314 *11314 *113*4 U 1 3 k 113*4
4s, 1907 ......
Q.-Jan . *11414 11478 n i 4 k *1141* *11414 114%
6s, our’ey,’95. ...reg . J. & J.
*102 *102 *102 *102 *102
6s, our’cy,’96. ...r e g . J. & J. *1041* *104 *104 *104 *104 *104
6s, our’c.y,’97. — reg. J. & J. *107 *107 *107 *107 *107 *107
6s, oor’ey,’ 98. ...reg . J. & J. *110 *110 *110 * n o *110 • n o
6s, cur'cy.’ OO....r e g . J. & J. *112 *112 *112 *112 *112 *112
-* niB is one Dnoe o ia at cu e morning uoarn : o o ■ w ...• .i.ade.
State and Railroad Bonds.—The Virginia century 2-3s o f
1991 are less active and only $30,000 sold at prices from 57 to
56%; $48,000 Tenn. settlt. 3s sold at 75-74; $30,000 La. consol,
at 96%-96; $1,000 Ala. Class B at 102%.
Railroad bonds have been dull except in the Atchison issues,
which declined heavily under large sales. The death on Wed
nesday of Mr. Magoun, who had done the financing for the
company, and the reports that a receiver was imminent, caused
the 1st mortg. 4s to sell down to 66 to-day and the 2d mort.
3-4s Class A. to 32%, closing respectively at 66% and 33.
These are on the level of bonds already in default and as the
1st 4s carry a 2 per cent coupon due in January which has just
as good security for its ultimate payment as the principal of
the bonds, it is a question whether the effect of a receivership
has not been fully “ discounted.” For the year ending June
30 the Atchison showed a good surplus over fixed charges,
and for October and the four months July 1 to Nov. 1 the
earnings were as follows:
■October.----------- . ,---------Four Months.1892.
1893.
1892.
1893.
Gross earnings...... $4,845,999 $4,512,360 $18,195,868 $15,876,809
Net earnings.......... 1,689,109
1.788,747
6,490,915
5,749,560
There has been some dealing in the Chicago & Northern
Pacific lsts, which close at 43%; the January interest
will be paid on the Northern Pacific 1st mortg., which saves
a default that might cause the first mortgage lien to cover the
lands belonging to the preferred stock. Other bonds are dull
and prices are generally a little easier in consequence of the
depression at the Stock Exchange.
Railroad and Miscellaneous Stocks.—The stock market has
been quite dull and prices lower under the influence of the
bank failure and the decline in Atchison. The bears have suc
ceeded in closing the year with another downward turn by
making the most of Atchison’s difficulties and attacking one
weak stock after another. New York & New England is
almost always a vulnerable stock, and a decline of ten points in
its price is less remarkable than its repeated recoveries, which
take place under the talk of future prospects rather than on
the basis of actual present value. This week New England
went to 19% and closes at 19% without any new fact about
the property having been made known to outsiders. The
statements of the.Vanderbilt companies were remarkably good
for such a year as the past has been—and there is no doubt
that the roads were greatly assisted by the World’s Fair traffic.
Atchison declined to 14 on the apprehension of a receiver and
closes at 14%; the property is a very extensive one and has
great earning capacity, but even a moderate floating debt is
sufficient to pull down a railroad company in times of finan
cial distrust. . The grangers were weak in sympathy with
Atchison and on the less satisfactory reports of earnings in
some cases. Distilling & Cattle Feeding closes at 24% after
the recommendation of an increase of 10 cents per gallon in
the tax. Western Union Telegraph, ex-dividend of 1% per
cent, sells at 32% and has yielded so far under bear attacks.
General Electric has been rather stronger than other stocks
but closes at 36%, with some new developments promised in
changeof officers and details of management. Sugar has been
dull, closing at 80%, and Lead dull at 68.
THE CHRONICLE.
D ecember 23, 1893.]
3073
NEW YORK STOCK E XC H A N G E — A C T I V E S T O C K S f a r week ending D E C E M B E R 2 2 , and since J A N . 1, 1893.
H IGH EST AND LOWEST PRICES
Saturday,
Dec. 16.
Monday,
Dec. 18.
Tuesday,
Dec. 19.
Wednesday,
Dec. 20.
Thursdav,
Dee. 21.
18%
14%
*1
2V
70%
70%
73
"71
52%
51
116% 113
16%
17%
*138
75%
77%
"58
97
58%
61% 62 | 59% 61% 59% 60%
59% 61
118 118 1 116% 116% 116 116
117% 117% *116
102% 103% 101% 102%; 101% 101% 101% 102% 100
18%
i%
71
*69%
73% -72%
52
51
116
11S
17%
18%
. . . . . . 140%
76%
77%
66V
67V
37*% 38
36 V
*115
115V 115%
38% 38% 37
85
20%
21V 21%
*60
*66
69
*133 134% 131%
163% 163% *160
*10
11
32% 32% *31 %
*%
*%
%
*5
15
*1
*1
5
64
61
64
105
*106% 111
92%
93
93
H
"7 V
*7%
*28
25
•15 V 16% *15%
*65
08
120% 126% 124
101
•101 104
48%
48% 49%
0%
9% 10
*1%
5
*1%
12« *125
*100% 102
100 v
*11%
•12
13
*34
34
36
*13% 14%
13 V
24
24%
23%
23
*23% 24%
*18
20% *18
*70
71
78
100%
101% 102
15
*14% 10
*05
66
70
•30% 34
30%
15%
15% 15%
*32
*32
34
27% 28
24%
*190 200 *190
671- 66% 66%
37% 36% 37 ,
115 115
117
37%
36% 37
19
2
2o%
19% 20 V
*60
69
69
131% 13 1V 131%
165
160 102
........
*16%
16
*40%
17
16
47%
32%
30% 30%
%
'%
%
15
*5
15
5
U
5
59% 59%
61
105
103% 103%
92% 90
92V
8
25
25
25
15
16
16
67
05
05
120% 121 124
101
101 101
49
48% 48%
9%
9V
9%
*1%
5
128% 125 125
101% 99 100
13
11V n %
34
*32
36
13
13 V 13
21% 23% 23%
21%
23% 23%
20% *17% 20%
73
‘ 71
78
101% 99 V 100%
15
*13 ........
m
*64 ........
30%
29
29
15%
11% 15%
34
. . . . . . .........
27%
19% 25%
197
5
5%
15% 16%
15% 16
16
16
15% 15%
42% 44%
4 5 * 46
21%
6
21%
21%
6
21%
20%
5%
21
*20
♦28
50
35
•5%
6
20%
*14
15
•46% 50
* *2*®.^ 2%
*4
*9
*25
*85
*104
5
9%
28
m
108
21 % 22
8
*7%
*38
*70
20%
8%
45
SO
20%
5%:
7%
7%
15% 15*41
14%
14%
50
6
51%
6
*20
•28
21
r.%
21%
50
34
19% 20%
5%
5%
19% 20%
*20
30
50
30
5% 1 6
5%
6
18% 19V
18 V 19 V
11
14
*13
15
47
47
*46
50
12%
2%
2=8 ' 12%
*4
S’
*25
*85
104
21
8
7%
*38
*70
19%
5
7
15%
14
49%
*4
5
9
9%
*8%
28
27
*25
00
108 I'101 109
21% 20% 21
8 I! 7%
7%
7%
7 It
7
7
3.9
45
45
70
80
80
20%
19% 20Js
5
5
5
7
*7
7%
15
15
15%
13% 14%
14%
51%
49
50%
5%
5%
STOCKS.
Sales of
Range of sales in 1893.
the
Week, |
Highest.
Shares.1 Lowest.
A c t iv e R R , S to c k s .
14
15% A tchison Topeha & Santa Fe. 73,411 12% July 31 36% Jan, 16
17V
& Pacific...................
1%
_1 %„ *Atlantic
-----------------------535
1% Deo. 22
5% A pr. 29
2V
71
70
70 iBaltimore & Ohio
1,323 54% July 27 97% Jan. 24
73
100 66 July 27 90% Jan, 16
*71% 72 %'Canadian Pacific 52
3,920 34is July 27 58% Jan. 16
50% 51 % |Canada Southern
1,250 84 July 26 132% Jan, 21
115%
17% 16% 16%;■Chesapeake & O,. vot. tr. eert.
8,157 1212 July 26 25 Apr, 6
........ *138 ...........(Chicago & Alton .....................
53 126 Aug. 16 145% Feb. 1
76% 75% 76U Chicago Burlington & Quincy 71,257 69% July 26 103% Jan. 21
---- -- — ............Chicago & Eastern Illin ois...
.........: 51 Aug. 21 72% Jan. 25
200 85 Aug. 17 105 Jan. 23
97 i 96% 97 Vi
Do
pref..
60 1 57% 59 V C h icago Milwaukee & St, Paul 202,690 46% July 26 83% Jan, 23
445 100 July 26 126 Jan. 23
117%. "116 117%
Do
p re f'
16,145 84% July 26 116% Feb. 1
101% 99% lO0% ;chieago & N orthw estern___
Do
pref
. . . . . . 1 2 8 Aug. 18 146 Jan, 20
34,930 51% July 31 89% Jan. 23
6638
6 5 V 67 i 65
66% 67%
7,813 24 July 26 58% Feb. 9
36% 37 V
36
37 1 35% 36 V
300 94 Aug. 23 121 Feb. 3
Do
pref.
114% 114% *114
117 *113 116
6,115' 25 July 26 60% Jan. 23
t. L ...
30% 37%
36
35% 36%
e, Cii
36%
116 74 Oct. 16 98% Jan. 30
Do
pref.
2,120 11% A ug. 2 32% Jan. 19
, Tol
20
20
18% 19
19V 19 V
........ 1 5P% A ug. 2 73% Jan. 17
*60
*66
69
69
Do
p ref.
69
*66
3,048 102% July 26 139 Jan. 27
131% 131% 128% 130% 128% 129
3,711 127 July 27 175 Nov. 3
157% 160
162V 162V 158% 160
*9% 103s:
270, 8% July 13 18% Jan. 21
10
9%
10
9%
1,169 24 July 19 57% Jan. 23
*30%
31
p
ref.
30%
31%
Do
31%
31%
5% Feb. 4
% July 3
%
%
*v
-%
%
*%
*5
10 June 3 35% Feb, 3
*5
15
15
1st pref.
15
Do
*5
5 1 *1
5
2 July 7 11% Feb. 3
"1
*1
Do
2d pref.
5
1,436 48 Dec. 22 1152 Jan. 12
48
55
60
5i
*55
56
1,1 751 00 July 27 142% Eeb. 7
104% 104% 103% 103% 102 V 103
'
1,950'
86~ July 18 104 Jan. 25
9
1
V
90
V
91 % 91V
91
90%
*7
250
5 July 25 11 Jan. 25
*7
8
7
7V Iowa Central.
7
24
pref.
1,150
12 July 27 37 Jan. 16
23%
24% 24V
Do
23 V
35
15
320, 12% July 27 25% Jan, 14
16
n .......... .
15 V 15% *15
63
03
275
“ “ 53 July 31 82 Jan. 18
65
pref.
64
Do
83% 63%
17,487 104 July 31 134% Apr, 8
122% 124
122% 123%
122 123
820 90 July 27 118% Jan. 21
L02 M0 0 V 104
100 V 100 V
102
18,880 13% Oct. 10 77% Jan. 21
49
4v*V 48%
48V 49 V
48
8%
8%
8% July 27 27 Jan. 14
9% 10
1,238
9% 10V
2% Nov. 27 27% Jan. 16
5
5
‘ 1%
5
"IV
'1 %
3
26%
122
V
124
V
100
July 26 174% Jan. 13
127% 127% 125
79% Aug. 21 108% Apr. 8
99 V 100V 99 V 99% 99% 99V
*10
6
Aug.
3 II19% Jan. 14
11%
13
11
XIV
11
%
Minneapolis
&
St.
L.,
tr.
reels.
•n%
34
Do
pref., tr. rects.
18 July 31 ' 19 Jan. 16
*32
3«j
32 V 32 V
16 Jan. 25
8
July
19
14
13%
*13%
*13V 13V
13%
23
13% July 27 28% Jan. 16
pref.
23% 23
Do
23
23% 23%
60 Jan. 21
22%
22%
16%
July
26
21%
23
21V
23 V
20
6% July 26 37 Eeb. 18
17% 17% *17
*17% 20 V
90 Apr. 18
*70
55
Aug.
14
73
78
78
*71
*71
92 July 26 111% Jan. 25
98% 99%
100 100% 99V 100
20% Apr. 8
9%
July
18
14
14
15
14
14%
14
. 07
45 J u l" 26 78 Jan. 23
*65
l » t pref.
Do
68
67
*02
41
Apr. 5
30
]
18
July
26
24
prof.
*28
Do
28
*29
30
28
7% July 26 26% Jan. 25
: & West'll
15
15
14% m % 14 V 14 %
58
Jan.
24
15
July
26
pref.
32
31V
31%;
Do
33
32
-31
16% July 31 52% J an. 17
19% 21%
19% 22 V 19 V 20%
262%
Jan.
18
188
Sept,
28
'195
195
197
5 Dec. 19 38 Jan. 24
5 . . .§. .v. !
5
5
5V
11 July 18 19% Jan. 20
15% 15%
15% 16
15% 15%
118 July 27 ||21% Jan. 23
i s New Y ork Susq. & W est., new
15% 15%
15% 13% 15
31 Aug. 18 ||73% Jan. 23
Do
pTef.
43% 43% 42 V 42% 42% 43%
9% Jan. 10
5% July 31
Norfolk A W estern...................
21
16% July 19 39% Jan. 23
Do
pref.
20% 20% *19%
*20% 20%
3% Aug. 19 18 % Eeb. 14
5% Nort hern P acific......................
5
5%
5%
5%
5%
15% Aug. 16 50% Feb. 6
18% 19%
Do
pref
20%
19% 20V
20
11 Ju ly 22 25 Feb. 1
Ohio A. M ississip p i................
25
May 16 49 Jan. 25
50
*20
50
Ohio Southern........................
*20
50
*20
25% Oct. 19 84% Jan. 23
*26
29 Oregon K ‘y & Navigation Co.
30
*26
28
*27
5%
Oct. 19 25 Jan. 16
O rcgoaSh. Lino A Utah North
4 July 26 18% Jan, 21
5%
5%
6
5%
5%
5%
12
J
ill" 29 53% Jan. 25
18%
19
18%
. Philadelphia A Beading
18
18% 19V
11% Aug. 2 21% Jan. 24
15 Pittsburg Cinn. Ohio. A St. L.
*13
15
15
*13
*13
40
July
27 62 Jan. 24
40%
i
Do
pref.
50
44 V
*46
50
*46
t% Aug. 10 ||12 Feb. 3
3 Kich. A W. P. Term’!, tr. reets.
2%
12%
2«s *;2%
12%
10 Aug. 24 “ 43 Feb. 6
Do
pref. tr. recto.
10 Oct. 5 22 Jan. 25
— R io Grande W estern...............
15
16%
40 Sept. 6 62% Jan. 28
Do
pref.
7% Jan. 18
3% July 31
*3%
4% St, Louis Southwestern.......
33,
4
4
3%
6 July 26 15 Jan. 18
pref.
9
Do
8% 8% *8
e%
-8 *,
22 Aug. 19 47% Jan. 18
-25
27 8t. Paul A D uluth.....................
*25
27
*25
27
88 Dec. 12 108 Jan. 30
‘ 83
90
Do
pref.
*83
90
95 July 27 116% Feb. 14
102 104 St. Paul Minn. A M an itoba...
104 108
102 104
17% Sept. 15 35% Jan. 16
20
20%
Southern
Pacific
C
o
..........
.
.
.
20
20%
2 0 % 21
4% July 28 11 Jan. 19
7
7% T exas A Faoifle........................
7%
7%
7%
7%
7 Aug. 9 40% Jan. 31
*6%
7%
Toledo
Ann
Arbor
A
N.
Mieh.
*7
6
0
8
22% Aug. 29 50 Jan. 17
*38
45 .Toledo A Ohio Central............
45
‘ 38
45
•38
67
Sept. 11 85 Jan, 7
*70
80
!
Do
p
ref.
80
*70
*70
80
15% July 26 42% Jan. 27
20%
19
1 9 % Union P a cific...................... .
20
19% 20
5
July
26 18% Jan. 16
*4%
6
Union
Pacific
D
enver
A
G
ulf.
*4%
6
6
*5
5% July 31 12% Feb. 9
7
7 W abash.......................................
7
*7
7%
7%
9%
July
26; 26% Feb. 7
14%
14%
Do
pref.
15
14% 14%
15%
10 July 26 23% Jan. 17
13% 13% W heeling A Lake E rie............
14%
14% 14% 14
31
July
27: 67% Jan. 17
49%
50%
Do
pref.
49% 51
50
51
4% Aug. 16 15% Jan. 23
*4%
6 W isconsin Central Company*5
a
*8
6
18 V 17%
v2
i%
70% 70%
*72%
73
52
51V
116 *115%
18% 17%
14 l *138
77 | 76%
18% 19 1 18%
*2 * 2%
2
7 1 V 71% 70
*73% 74% 73%
52% 53
51%
^116 118 *116%
18% 18%
18%
*138 . . . . . . *138
76% 78% 76
Friday,
Dec. 22.
M is c e lla n e o u s S to c k s .
5,600 24 July 26 51% Mar.
28
28% Am erican Cotton Oil C o.......
1,535 50 July 26 84 Feb.
62 64
Do
pref.
79% 81% American Sugar Refining Co. 114,259 61% July 31 134% Feb.
1,878 66% July 31 104% J an.
82% 83%
Do
pref.
3,090 43 July 31 121 Jan.
69% 70 American Tobacco Co............
250 75 July 31 110% Jan.
*88 92
Do
pref.
61 62% Chicago Gas Co., trust reo’t s .. 69,183 39 July 31 94% Jan.
.........
8% Aug. 29 25% Feb.
*10 12 Colorado Coal A Iron D ev el..
310 17% Aug. 15 72 Feb.
*25 20 Colorado Fuel A Ir o n ................
2,201 108 July 27 144 Jan.
126% 126% Consolidated Gas Com pany..
23% 25 Distilling A Cattle Feeding Co 144,195 12 July 31 66% Jan.
36% 37% General Electric C o................. 73,333 30 July 29 114% Jan.
5,904 t7 Aug. 25 ||147 Feb.
116% 17% National Cordage Co., n e w ...
465,122 Aug. 23 118% Jan.
44 44
Do
pref.
7,421 18% July 27 52% Jan.
23% 23% National Lead Co................. .
1,548 48 July 26 96 Jan.
68 68%
Do
pref.
3,575
2% Aug. 16 1 1 % Mar.
3%
3% North American C o.................
100
8 Aug. 28 21% Feb.
13
13 Oregon Im provement C o.......
490
8% July 27 27% Jan.
13% 13% Pacific M ail— ...........
4,000 52% Jan. 18 79% Dee.
* 7 8 % ........ Pips Line Certificates
3,959 133 Aug. 1 206 Apr.
162% 163% Pullman Palace Car Company
. . . 62 June 29 84% Jan.
....................Silver Bullion C ertificates....
3,855 10% Aug. 10 37% Jan
15
15% Tenuessee Coal A Iron............
15% 15%
16
16%! 13% 10% 15% 16%
59 July 31 102 Jan.
....................
Do
prof.
1,914 1 7 Aug. 17 60% Apr.
42
44 United States Rubber Co.
40
4.6
46
46
45 45
47%
.10 2,39 8 67% July 26 101 Jan.
81 % 84% Western Union Telegraph
86 % 83% 85
87%! 80%
85
' Ntlmcnt paid.
o sale made.
Ii Old certificates.
! First Instalment paid.
* These are bid anda** *
29%, 29% 29%: 28%
675a 67
87%j 07
81% 83 | 81%
84
85%: 33% 84%' 83%
75%
74%
77 1 75
92
92 I 81
95
68%; itOAis 06 | 64
‘ 10
12 j *11
12
5%
26% 2>.i% 26% ’
129% 124 127*, 125
28%
27% 28%i
35%
39%
36% 39
119% 19%[ ;10%
20
42% 42%! J42% 42% 42%
21 % 20
23 V 25 V 23%
70
70
08% 68% 68%
4%
4%
4%
4%:
3%
*15
17
*15
17 , *11
*15
15 f ‘ 14
15%. 14
79% 79%; 70%
169% 169% 169
*170 17
29%
67%
82%
85
•75
*90
67%
*11.
*26
*128%
27%
33%
|19%
28% 29%
29%
*60% 68
07
82% 81% 82%
83% 83%
31
75
72% 73%
*90
95
91
03% 65%
65
*10
12
12
26% ■25% 26%;
120% 127 127%;
24
28%:
28%
36% 38%
37%
19
19%i *18
42
42
43
2-4 | 23% 23%
69 ! 68% 69
4%
*3%
4
15
16 | 13
14
14
14
79
79% -.
169 ; 167% 169%
28% 28%
*G6% 68
80% 82%
83
83%
0
69%
90
90
62% 64
10
12
24% 25%
127 127
23% 25%
35% 37%
117% 18
42% 42%
22% 23%
68% 08%
3%
3%
*13
15
14
14
79
79
104 107
3
14
6
19
3
3
21
7
14
20
3
16
10
20
21
20
24
9
3
IS
12
18
14
31
1.8
20
THE
1074
CHRONICLE.
[VOL. LVI1,
NEW YORK STOCK EXCHANGE PRICES (Continued)—INACTIVE STOCKS.
I nactive Stocks
Indicates unlisted.
Dec. 22.
Bid.
R a ilr o a d S to c k s .
Albany <fe Susquehanna.............100 J167
Belleville * South. III. pref...... 100
Boston & N. Y. Air Line p ref..100
17
Brooklyn Elevated II..................100
Buffalo Rochester & Pittsburg. 100
59
Preferred.................................. 100
50
Burl. Cedar Rapids * Nor.........100
Central Pacific............................. 100
Cleveland & Pittsburg.............. 50 148
5
Des Moines * Port Dodge------- 100
10
Preferred................................... 100
Duluth 8o. Shore & Atlantio 1].100
13
Preferred H................................100
Flint & Pere Marquette............. 100
Preferred................................... 100
3
Georgia Pacific Trust ctfsU— 100
3 1,
Gr. Bay Win. &St.P. tr .r e c ....l0 0
Preferred trust rects.............. 100
2
Houston <fcTexas Central.........100
Illinois Central leased lines-----100
9
Kanawha & Michigan................ 100
Keokuk & Des MoineB................100
Preferred....................................100
Louisv. Evansv. & St. L. Cons.100
Preferred................................... 100 ___
Lou. N. A. & Chic., preferred.. 100 J 38
Mahoning Coal............................ 50
Preferred................................... 50 loo
Mexican National........................100
Morris & Essex........................... 50 JloO
N. Y. Lack. * Western...............100
53
Norfolk & Southern.................... 100
4
Peoria & Eastern.........................100
Pitts. Ft. WTayne & Chicago— 100 14 8
25
Pitts. & Western pf.................... 50
Rensselaer & Saratoga.............. 100 171
Rome Wat.& Ogdenshurgh___100 108
18
8t. Louis Alton & Ter. Haute...lOu
Preferred........................
100 145
Range (sales) in 1893.
Ask.
Lowest,
150
Highest.
Ang. 175
19
30
72
57
Nov.
9
47%
38
100
105
151
136
Aug.
50
3
140
25
150
99%
20
145
June
Aug.
July
Aug.
Aug.
Aug.
Aug.
Nov.
8
30
178
111
30
kNo price Friday; latest price this week.
Aug.
Nov.
Oct.
M ar.
May
Dec.. 22.
I nactive Stocks.
IT Indicates unlisted.
Bid,
Range (sales) in 18i*.
Ask.
Toledo Peoria A Western.......... 100 ........ .........
Toledo St. L. & Kansas City If
Virginia Midland.........................100
19 Aug. 41% Jan.
21% Sept. 37 Jan.
70 Sept. 8638 Jan.
45 July 65 Jan.
16% July
135 July 1571* Jan.
7
9% Jan.
4. July
30
22 Feb.
24 Mar
6^,
5 July
14J< Jan.
17
32 Jan.
11 July
14% Sept.
___ 45 Aug. 771a Jan.
6
5
5 July
14% Jan.
11 June 29% Jan.
3
7% Mar.
214 Aug.
91 Feb.
11
10 Sept. 14% Jan.
5
578 Oct,
5% Oct.
39
105
(% Indicates actual sales.)
M is c e lla n e o u s S to c k s.
Adams Express............................ 300
American Bank Note Co 1f...............
American Express...................... 100
Amer. Telegraph & Cable..........100
Brunswick Company..................100
Chic. June. Ry. & Stock Yards. 100
Preferred....................................100
Citizens’ Gas of Brooklyn........ 100
Colorado Fuel & Iron, pref........300
Columbus & Hocking Coal........100
Commercial Cable.......................100
Consol. Coal of Maryland......... 100
Edison Electric Hluminating... 100
Interior Conduit & Ins. Co........100
Laclede Gas.................................. 100
Preferred....................................100
Lehigh A WTilkesbarre Coal 11.........
Maryland Coal, pref....................100
Michigan-Peninsular Car C o ... 100
27 Mar.
Preferred....................................ICO
49 Jan. Minnesota Iron............................ 100
45 Oct. National Linst-ed Oil Co.............100
100 Mar. National Starch Mfg. Co............ 100
105 May New Central Coal.........................100
Ontario Silver Mining................ 100
163 Mar. Pennsylvania C o a l................... 50
114 Jan. P. Lorillard Co. pref....................100
60 Feb. Postal Telegraph—Cable If..............
9% Jan. Pullman Palace Car rights............
156 Feb. Quicksilver Mining..................... 100
42% Apr.
Preferred................................... 100
179 Feb. Texas Pacific Land Trust..........100
112% Jan. U. 8. Express.............
100
37*4 May U. S. Rubber preferred..............100
150% Mai Wells. Fargo Express................100
150 160
52
48
m 2 113
86
90
3%
5
Loicest.
Highest.
14
8
14
17
May
Jan.
Aug. 160
Jan.
134
May
May
100 Aug.
65% Aug.
4 June
80 May
93% Jan.
55 Sept.
70
80 June
5 July
t si*
118
180 Feb.
28
30
26 May
71% Aug.
40 Aug.
16
17
9% Aug.
60
70
48 Aug.
20
26
22 Nov.
45
50
55 Aug.
92% Sept.
77% Aug.
64 Mar.
: 22 %
14% July
6 July
6%
+ 6
6 Aug.
i 9
6
7%
7 Sept.
280 300
52
1% 2
12
10
51
54
t 90%
125 140
47%
13^
1%
12
7%
43
51
120
120%
92%
9%
108
93%
109
111%
29%
185
31
131
71
26
74%
25
67
106%
100%
69%
41
34%
11%
19
300
Feb.
Feb.
Apr,
Jan.
Jan.
Jan.
Jan.
Jan.
Mar.
Jan.
Feb.
Jan.
Jan.
Feb.
Jan.
Apr.
Jan.
Jan.
Jan.
Jan.
Jan
Jan.
Apr.
Mar.
Nov. 83% Feb
16% May
May
3% Feb.
Dec.
Mar. 20 Feb.
13% Feb.’
Oct.
Aug. 70% Jan.
Aug. 99 Jan.
Nov. 150 Apr.
t Actual sales.
NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS DECEMBER 22.
SEOtTRITIES.
Bid.
Ask.
Class B, 5 s ............................ 1906 101
93%
Class C, 4a.............................. 1906
93
Currency funding 4s............ 1920
Arkansas—6b, fund,Hoi. 1899-1900
do. N^n-Holford
7s, Arkansas Central R R ...........
.......
iio “
95
New conols.'4s...................... 1914
Missouri—Fund..............1894-1895 TOO
SECURITIES.
North Carolina— 6s, o ld .......... J&J
30
New bonds, J & J .........1892 1898
15
Special tax, Class I ......................
6s..............................................1919
Rhode Island—6s, cou..1893-1894
8011th Carolina—6s. non-fund.1888
New York City Bank Statement for the week ending Dec.
16, 1893, is as follows.
We omit two ciphers (00) in all cases.
Loans.
Bank of New York.
Manhattan Co.........
Merchants’..............
Mechanics’..............
America...................
Phenix.....................
City..........................
Tradesmen’s............
Chemical..................
Merchants’ Exch’ge
Gallatin National...
Butchers’* Drov’rs’
Mechanics’ & Trad’s
Greenwich..............
Leather Manufac’rs
Seventh National...
State of New York.
American Exch’ge..
Commerce................
Broadway................
Mercantile...............
Pacific......................
Republic.........
Chatham..................
People’s...................
North America.......
Hanover..................
Irving.....................
Citizens'..................
Nassau.....................
Market* Fulton...
St. Nicholas............
Shoe & Leather......
Corn Exchange.......
Continental.............
Oriental...................
Importers’ * Trad’s
Park.........................
East River..............
Fourth National—
Central National__
Second National__
Ninth National......
First National......
Third National........
N.Y .N at Exchange
Bowery....................
New York County..
German-American..
Chase National......
Fifth Avenue..........
German Exchange..
Germania............... .
United States.........
•Lincoln....................
Garfield....................
Fifth National......
Bank of the Metrop
West Side................
Seaboard
. .... .
Sixth National........
Western National..
First Nat., Br’klyn.
Southern National..
$
2,dOO,0 2.101.4
2.050.0 1,869,*
976,2
2,000,0
2,000,0 2,057, £
3.000. 2.220.9
0
2.000.
0
463.9
1,000,1 2.739.0
750.0
193.5
300.0 7.321.9
177.0
600.0
1,000,0 1.584.0
318.9
300.0
400.0
424.7
20i ,0
170.1
600.0 . 548,5
300.0
1( 9,3
1.200.0
504.0
6,000,0 2.449.8
5.000. 3.570.6
0
1.000.
0
1.656.6
1,000,0 1.114.7
422,7
469.6
1.500.0
964.9
95 3,8
450.0
200.0
333.2
700.0
651.4
1,000,0 1,928,<
600.0
345.6
600,u ~ 465,6
600,0
286.1
760.0
822.5
600.0
15*0,2
2,000,0
291.1
1,000,0 1.251.9
1,000,0
294,^
425.2
300.0
1.600.0 5.700.8
2,000,0 3,13ft,b
250.0
137,4
3.200.0 2.130.5
2,000,0
643.3
300.0
511.0
750.0
352.4
600.0 7,316,4
140.2
1,000,0
300.0
151.3
250.0
540.5
200.0
570.1
760.0
314.0
500.0 1,185,7
100.0 1.036.0
200,0
628.1
200,0
586.6
600,0
512.4
300.0
449.8
200.0
500.6
200,0
830.6
300.0
773.7
200.0
292,2
60C,0
246.5
200,0
341.5
2.100.0
220.5
300,0
837.7
1,000,0
166.5
$
12.630.0
11.164.0
8.127.7
8.439.0
15,996,2
4.478.0
17.284.4
2.129.9
22.873.1
3,770,2
5,70 o,5
1.567.1
2.320.0
1.086.7
55.019.3
1.432.5
2,Sir1,8
19,196,0
18.135.4
6.183.5
8,126,5-!
2.319.7
9.447.6
6.408.6
1.702.9
5.135.7
13.284.4
2,38*,0
2.599.1
1.984.3
4.570.2
1.755.3
2.952.0
8.354.6
3.873.5
1.662.7
18(672,('
21,611,8
1.045.8
19,877,8
6.751.0
4.058.0
3.122.9
22,023, i
6.068.1
1.190.5
2.407.0
2.836.4
2.084.5
9,699,2
5,298,7
2.501.1
2.455.1
4.346.2
4.342.5
8.505.3
1.570.5
4.010.6
2,128,0
4.148.0
1.661.0
9.486.5
4,384,0
1.800.3
Total...............
Specie. Legals. Deposits.
2.780.0
5,08 i,0
2.639.7
1.146.0
3,036,6
1.115.0
12,3154,7
312,6
8.266.5
507.3
1,094.'
285,9
175.0
342,i
671.5
381.1
335,9
3.704.0
2.925.6
758.6
1,598.4
615.3
2.084.8
6 d4,6
243.8
1.079.3
5.745.4
401.5
987.3
469.6
655.0
4*,9
381.0
457.3
1.458.9
196.8
4.893.0
4.609.5
124.3
4.565.1
1.217.0
1.100.0
838.7
3.760.4
1.539.5
70,5
475.0
765.6
645.2
5.062.5
957.1
219.6
312.3
1.450.8
995.6
854.1
196,5
631.7
337.0
722.0
225.0
1.718.8
974.0
105.4
60.922,7 71.726.5 416,421.9 101548?
Ask.
10
21*
95
115
1 M
SECURITIES.
6s. new bonds___ .1892-8-1900
.1914
Compromise, 3-4-5-6s....... .1912
New settlement, 6 s ........... .1913
5e........................................... .1913
3ki
3s........................................... .1913
Virginia funded debt, 2-3s. .1991
6s, deferred bonds............
1 78 6s, deferred t’st ree’tp, stamped.
Bid.
Ask.
60
60
60
70 __
100 107
100 105
74
56% 57%.
6
6%^
New York City, Boston and Philadelphia Banks:
BANKS.
Capital
Surplus.
Loans.
Specie.
Legale. Deposits, t Circ’Vn Clearings.
N. Y ork .
#
Nov. 18... 132.527.8 401.732.8 99,924,3 81,717,2 464,684,1 140766 536,838,3:
$
$
“ 25... 132.527.8 405,201,7 100P936 88,669,5 475,311,7 138319 516,M3,2
2.920.0 14.210.0
2.319.0 15.655.0 Dec. 2 ... 132,527, 409,490,1 1043688 93,664,4 487,345,2 136582 500,968 6
*• 9 ... 132.649.2 4 12,343,6 1049095 (94,856,5 492,8'>2,3 136021 537.606.6
2,556,4 11.470.3
“ 16.... 132.649.2 415.421.9 1035482 96,508,4 495,551,1 134664 501.964.6
1.478.0
7.485.0
3.507.8 18.426.1 Boston,*
385.0
4.525.0 Dec. 2__ 64.642.9 164.212.0 11.255.0 9.166.0 154.005.0 9.164.0 79.626,4
“ 9 .... 64.642.9 165.744.0 10.424.0 9.340.0 156.837.0 9.099.0 94.261,6
3.858.9 29.651.4
" 16.... 64,642,8 165.959.0 11.765.0 9.695.0 157.082.0 »,025,0 86,165,3
443.0
2.226.9
1,92 7,9 25.512.1 Philo.*
98.571.0 6.062.0 59,532,0
32,212,0
1.152.7
4.546.5 Dec. 2 .... 35.810.3 97,374,0
“ 9 .... 35.810.3 97,773,0
98,905,1' 5.688.0 62.142,8
32,520,0
1.726.0 5.931.1
" 1 6.... 35.810.3 97,967,0)
99.738.0 6.323.0 60,033,5
32,199,0
245.4
1.618.7
510.0 2.410.0
* We omit i .uo ciphers in all these figures. t Including for Bosion and Phil a
184,2
1.063.9
494,9
2.727.3 delphia, tbe item “ due to other banks.”
805.6
1.660.9
Miscellaneous and Unlisted Bonds.—Stock Ex. prices.
1.203.6
2.470.4
4.370.0 18,3 ‘4,0
Mlscellnneous Bonds.
Miscellaneous Bonds,
9.567.8 20.253.1
People’s Gas & C .) 1st g. 6s. * 99 b.
895.0
4.722.0 Cli, Jun.&S.Yds.—Col.t.g ,5s
Co., Chicago— ) 2d g. 6a. * 94 a.
1.488.3
8.429.1
530,8
3.205.1 Col. & Hock. Coal & I.-6 s , g. * 9> a. Pleas. Valley Coal-1st g. 6s. * 95 b
100 b. Procter * Gamble—1st g. 6s
2.808.0 12.092.9 Consol’n Coal—Convert. 6s.
1.333.4
5.901.0 Cons.Gas Co..Chic.—1st gu.5s * 82 b. Sunday Creek Coal 1st g 6s.. __
Western Union Teleg.—is . 114 %a.
617.4
2.975.4 Den v. C. Wat. Wks.—Gen.g.Ss
96 i, 6 5.683.2 Det. Gas con. 1st 5s................ 55 l). Wheel.L.E*P.Coal—1st g 5a
89 b.
Undated Bonds.
2.986.1 18.213.0 East River Gas 1st g. 5s........
554.1
2.525.0 Eilison Elec. 111. Co.—1st 5s . 104 a. Ala. & Vicks.—Consol. 5s, g. —
481.2 3.612.9 Equitable G. * F.—1st 6s__
82 b
472.7
2.357.1 Henderson Bridge—1st g. 6s. 108 b. Amer. Deb. Co. col. tr. 5s....
Comstock Tunnel—Jno. 4s..
9 b.
643,1
4.372.6 Hoboken Land & Imp.—g. 5s
90 b„
90 b. Geo. Pac—1st 6s g. ctf3.......
471.4
2.011.2 Mich.-Penin. Car 1st 5s, g__
Mutual
Union
Teleg—6s
g
..
1.214.0
3.677.0
31 b
88 b
Consol. 5s, g. otfs......... .
1.788.0 8.632.9 National Starcli Mfg.—1st6s.
8 b.
i ncome 5s. ctfs...................
2.049.0 6.708.8 Northwestern Telegraph—7s. 106 %b.
...... Mem.*Charleston—Con. 7 g ......
682,6
1.840.0 Peoria Water Co.—6s, g __
8.019.0 25.552.0
Note.—“ b” indicates price bia; “ a ” price asked. * Latest price this week.
4,39^.1 20.5351.5
237.8
969,6
Bank Stock L ist.--Latest prices of bank stocks this week,
3.022.8 21.740.9
2.501.0
9.991.0
banks.
BANKS. Bid. A 8k
Bid. Ask.
BANKS.
Bid. Ask.
759.0
5.049.0
797.7
4,042,2
192
N.Y. Co’nty
640
300
3,155,u 21,771,8
110
150
239.3
6.501.4
115
120
180.1
1.020.9
125
280
513.0 2.980.0 Butchs’&Dr. 240
N. Atmerica. 160 180
175
Germania.... 325
103.2
3.278.1
125
230 250
404,6 2.278.8
Pacific-........ 175
460
5310 350
2.885.2 16.762.2
2SO 310
400
150
801.8
6,001,0 Chemical — 4000 4800 Iin. * Trad’s’
People’s __ 275
600
562.5
3.035.8
120 130
145 160
425
750.4
3.249.2
250
140 160
1.334.1
6.398.4
450
155 165
1.124.7
5.525.5
172
190
180
348.5
4.427.6
212 218
300
475,8 1.851.5 Corn Exeli.. 130
Seventh __ 125 ____
260 300
Mechanics’ ..
1.094.3
6,104,4
110 125
M’chs’ & Trs’ 160 180
263.0
2.254.0
200 225
145 180
681.0
4.893.0 11th Ward...
93
150
133.0
1.330.0
112 125
100
1.810.8 10.7531.6 Fifth............ 2000
450
500
100
276.0 4.669.0
2500
598.0
1.651.6 First N.,8.1.
Un’d States
220
Murray Hill
115
160 180
109 117%
195,551,1 Fousttu— .
West. Side .
200 New York... 225 237
?l
Capital Surplus
®7
P\
Ol 1
° 1
BANK8.
(00s omitted.)
Bid.
THE CHRONICLE.
December 23, 1893.]
1075
BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
Active Stocks.
I Indicates unlisted.
tW
Saturday,
Dee. 16.
S h are P r ic e * — n o t P e r C e n tu m P r ic e s .
M onday,
Dee. 18.
Tuesday,
Dee. 19.
18% 19
Au-li. T. & 8. Fe (B oston). 100
18% 18%
3 8 7a 19%
O
2 ii«
2
Atlantic & Pao.
'*
100
72% ■701* 7 i t6 70
70
Baltimore * Ohio (B a lt.). 100 ■*
*125
1st preferred
“
100 *125
*
112%
112%
2d preferred
“
100
17
17
15% 16
16% 16%
Baltimore T rhPn.(Phil.).
203% 203% 203 203%
Bos to a * A lban y, Boston). 100 203 204
Boston A; L ow ell
“
100 •L85 187 *__. . . 187 *......... 187
141 141 *140
Boston <5t Maine
“
100 142 142
*
14
14
Central o f Mass.
“
100 ’ 13
48 ‘ 48
Preferred
“
100 *4%
78% 76
77
76% 77
Chic. Bur.&Qutn.
«
100 77
59% 61%
59% 60%
Chic. MB. A S t.P . (PhU.).XOO 61% 02
Chio. A W. Mich. (B oston). 1 00
Cieve. & Canton
"
100 **50
*2%
*2%
*2%
Preferred___
“
100
Fitchburg pref.
«
100 7 7 % 7 7 % 7 7 % 77% •7 7 % 79
36
35%
Hunt. & B r.T op.fP A tio ) . 50
51% 51%
Preferred
“
50 *50
367g 37%
36% 37
36% 36%
Lehigh Valley
“
50
309% 109%
Maine Central (B oston). 100 108 108
M etropolitan True. ( Phil). 100 106^ 106h 103% 103% 102% 102%
6
6
6
0
5%
M exltan Ckeat'H.Boston).100
5%
28
24% 27%
20
28%
25%
N. Y, A N. Eng.
“
100
50
50
50
48
50
bO
Preferred___
"
100
____ . . . . . .
Northern Central (B a ll.). 50
6
5%
5%
5
5%
5%
Northern FaclflofPAKa.i.lOO
21%
2 1 % 21
19% 20%
Preferred
“
100 2 m
....... 17 ft
173 174 x I7 0 170
Old C olony___ <Boston) .1 0 0
40% 47%
4 7 % 48%
46% 47%
P ennsylvania.. (P h ilo .). 50
25 *
25
25 »
PhUodet. A Erie.
“
50 *
9% 99,,
Phila. A Heading
“
50
9% 9 ‘ %,
9% 10
95% 9 4% > 91% 94%
89% 91
Philadelphia True. “
50
8
Summit Branch (B oston). 50
2038 20%
20
Union PacIHc
“
100
19% 20% 20
230** 230% 231 231
ti m tedC os.of N -J.f PhUa.jlOO *230
2
2%
2%
2%
2%
W esterns. Y. APaf Phila. ) . 100
2%
m is c e lla n e o u s s t o c k s .
82% 84
81% 82%
Am.Sag’ rliefin.H (B oston)___
81% 83
85% 85 7e 84
84
84
84%
Preferred_____
**
192 193
191 192
Bell T eleph on e..
'•
100 190 190
27% •iTH 27
27
26% 24%
B ost A M ontana
“
25
9
8%
9
9 % 9%
B utteA B oston..
“
25
ah
29 7 297 ‘ 295 300
Calumet A H ecla
“
25 300 300
-60
68
Canton C o.......... (Balt.).lOO
5 4 % 55
54% 54%
54%
Consolidated Gas
**
100 *54
42% 43
4 3 % 43%
4 3 % 43%
Erie Telephone (Botton).lOO
36
37%
General Electric.. “
100 38% 3 9 % 36% 39
63
63
63
*60
64
Preferred........... "
100 63
10
15
15
16
15
15
Lam son Store 8er, “
50
51% 52
52
52
61% 5 1%
L eh fh CoalANav. 'P h il.) 50
’5i
*52
53
N.Eng.TelephonefB'MrTnflOO *51
4
4%
North Am erican. (Phil. ).1 0 0
13
13
*1 2 % 13
12% 13
West End L an d ., f B o st'n )....
no
sale
was
made.
* Bid and asked pncee:
Inactiva Stock*.
| -Bid.
Friers o f £>teember 22
A tlanta & Charlotte (Hau.).lOO
Boaton A Providence (Motion) .100!
C sm ien A A ta n tio pf. (PA la.). 50
Catawlasa...................
*•
50
50
1st preferred
50
Sd preferred...........
"
Central O hio.............. (Ba'.l.) 60
Chari. Col. A Augusta
«
100
C onnecticut A Pass. <Best m ,. i oo
Connecticut E lv e r...
"
100
Delaware A Bound Br. (PAUa.). 100
Flint A Pern Mart;. - {Boston).100
P refe ircd .....................
“ 100
H«r,Port6.M t-JoyAL. {P hilo.). 50
Kan. C y Fr.S.&M em . fBoston). 100
P referred .......... .
“
100
K. City Mem, A Birin.
'•
100
Little Schuylkill....... {Phila.). 60
Manchester A L a w .. {Boston). 100
Maryland Central----{Bail.) 50
Mine HU1 A 9. Haven (Phila.). 50
Nssqaehonlng V a l....
“
50
Northern N. 11............{Boston} _100
N orth Pennsylvania. {Phila.). 50
Oregon Short U n e .. .(Boston). 100
Pennsylvania A N .W . (Phila.) 50
K ntland....................... (Norton).100
P referred.................
100
eaboard A Roanoke. (Ball.) 100
I s preferred_______
'•
100
West L a d ...................... (Boston). 50
P referred.................
“
50
West Jersey................. (Phila,). SO
W est Jersey A A 'tan,
“
50
eetern M a r y lia i..
(B all.), 50
in. Col. AAugm sia
“
100
m lngCnA W eldon
“
100
Wisconsin C e n tra '... {Boston). 100
P r e f e r r e d ...........
“
100
W oro’st-Saeh.AKocb.
“
100
MtSCELLASBOUS,
A 11ones M ining.........(Boston). 25
A ttiutto M ining....... .
“
25
CttJ’ Passenger K B ... (Ball,). 25
B ay State G&»„„ . . . - - , (B o s lo n ) . 50
Bemton L and ........ .
**
10
Otiastettsial -Mining...
44
10
F ort Wtsyne Electric's
u
25
Franklin Mining___ _
44
25
Freochin’nV B ayI/& d
11
5
IlHnoifl Steel . . . . . . . .
“
100
K m m urge M in in g ....
44
25
M orns Canal guar. 4 . (P hila,).100
Preferred guar. 10f<
100
O ic e o la M in in g ..,---- (Bogton). 25
P oilman Palace C ar..
"
100
Q olnoy M in in g ..,...,
**
25
XiSB*?a<tk M in in g ,,..
u
25
United Oa« Jfnpt.
(Phil
W ater P ow er.............{Boston). 100
W eeting.EIeo.lat i>id.(Betston) . 50
"
. 50
s Unlisted.
Ask.
W ednesday,
Dec. 20.
17%
69%
*125
18%
2%
69%
16% 16%
203 203%
185 185
141 141
’ 13
4*
48
76% 7 7 %
59% 60%
*10
**50
*2%
7734 77%
*34
51% 51%
36% 36%
108 108
101% 102
0 % 5%
19% 21%
48
48
69% 69%
5^
5%
20
20%
170 170
47
47%
9h„
89%
9%
91%
20
20
*231 231
2%
2%
82
83%
84
84
103 193
27% 27%
9%
9%
297% 3C0
68
*60
•5 4 % 55
43%
36% 3 7 %
64
-55
15
15
*51% 52
*52
53
12%
Inactive stocks.
13
Tlmr8day,
Dee. 21.
1476 17%
Friday,
Dec. 22.
14
2
*71
*125
*110
16%
203%
185
*141
*12
*47
753s
57%
15%
2
72
126
120
16%
203%
185
142
13
48
76%
59%
80% 82
79%
83
83
83
192 192
192
28% 2«%
28
9%
9%
9%
'300 305 ‘ 300
*60
08
*60
51% 64% *54%
*47
*12%
36
36%
37
____
64
*58
*15
15%
52
*0 1 % 52
*51
53
51
4
4
12
12
12
81%
83%
192
28%
9%
305
70
55
48
37%
___
Bange of sales in 1893.
Lowest.
68,185 12% ’July 26
300 116,6 Aug. 11
*70% 72
56 oe^s July 31
*125
125 S ept 13
+
ii2 %
110 Aug. 29
165s 16%
3,274 15 Is Nov. 20
203% 203%
120 195 July 26
185 185
18 170 M ay 10
141 141
32 130 Aug. 1
*13
iota July 27
*48
104 46 Jan. 3
753e 76%
14,608 69% July 26
33,300 46% July 26
58% 60
20 Deo. 9
*•50
50c. Sept. 19
*2%
2 Nov. 29
78
78
*77
78%
35 69 July 31
32% 33
34
273 29 July 31
5 l \ 51%
169 46 Aug. 16
36% 367s 36% 36%
4,408 29% Aug. 8
107 107 *107 107%
103 100 Nov. 13
101% 101% 103 103%
1,580 69 Aug. 1
0%
'5 %
5%
6
2,160
5 June 29
19 $4 22%
19% 20% 51,894 17 July 31
*48
4 7 % 48
484 44 July 19
*69
70
25 66% July 26
5
5%
5%
4,405
5%
3% Aug. 18
1934 20%
18% 19%
3,525 15% Aug. 15
____ _
..
170 170
29 165 Aug. 22
4 7 % 47%
47% 47% 13,569 46% Dec. 18
20 Sept. 29
91,
9% 39,462 6%e July 27
9%
91%
4,381 58 Aug. 1
90% 9G5fc 91
8
5 July 11
19% 19%
1,519 15% July 26
19% 19%
*230
9 216 Aug. 30
2%
2%
2%
2,062
2%
2 N or. 23
Bid.
Ask.
34%
A t.T op .& F .ll>0 -fr°lg?,?& 8 9, J&J § 64
2d 2% Is. g „ Class A . .1989, A&O e 31% 32%
Boston United Gas 1st 5 s.. . . — .. 5 77% 78
2d m ort. 5.1............................ 1939 4 657s
Burl. A Mo. River E x e n p t 6S.JAJ
Non-exem pt 6 s..........1 9 1 8 ,J&JI
Plain 4e......................... 1910, JAJ
102%
:Chlc. Burl. A Nor. Ist5,19 26, AAO
100%
2d m ort. 6 s............... 1918, J AD
100
220
Debenture Ga............ 1896, J&D
iChio.Burl,&Quincy 4S..1922, F&A
12 ( 15
Iowa Division 4 » ...... 1919, AAO
Chic.AW.Mich. gen. 58.1921, J&D
35 ! 45
82
Consol, o f Vermont, 58.1913, JA J
Current River, 1st, 5b. .1927, AAO
jDet. Lane. A Nor’n M. 7s .1907, J AJ
Eastern 1st mort 6 g..l9 0 6 , MA8t
8 rqu.KIk. A M. V .,lst, 68.1933, AAO
66
Unstamped 1st, 6s--- 1933, AAO
K.
C. C.A Spring., 1st, 5g.,1925,
AAO 75
1.......
. 70 Ik a F .8 .A M . oon.ee, 1928, m a n t...... H3%
J 55 !K.C. Mem. & B ir.,let, 5s,1927, MAS 15 25
:K.O. 8t. Jo. A C . B .,7 s ..1907, JAJ 115%
. . . . . S3 , L. B ock A Ft. S „ 1st,7 s ..1905, JAJ
5%
5% [Louis.,Ev. ASt.L., let, 0g.1926,AAO 102 103
. . . . . 54 | 2m ., 5—6 g ..........— 1936, 4 * 0
Mar. B . A Out.. 68......1925, AAO
49
49%
M exican C e n t r a l,4 g ... 1 9 1 1 ,JAJ
12
10
62
lsteonBol.incom es, Z g, non-oum,
6
7
2d consol. Incomes, 3a, non-oum.
115
52
52%: (N. Y'. A N.Eng,, 1st, 73,1905, J&J106
1st mort. 6 s.............. 1905, JAJ
80
81
ir
2d mort. 6a.................1902, FAA
o3
19
105
Ogden. & L .C .,C ou .6 s...l92 0,A & 0
Inc. 6 s................. ...................1920
Ku tland, 1st,68............1902,MAN
2d, OB— ............- ....... 18 98,FAA
. . . . . . 85
252 253
25
20
5
.........
52%! 54
....... 52
. . . . . . 50
Bales
of the
Week,
Shares.
52
51
12
20,960 62 July
1,075 66% July
248 166 July
3.265 15 July
2,350
5 July
157 247 July
62% Oct .
542 50 July
105 36% Aug.
10,659 32% Dec.
15 44 Aug.
223 12% July
3 2 “ 46% Aug.
100 47% Aug.
1,305
2% .--ug.
9% July
217
Highest,
36% Jan.
4% Jan.
97% Jan.
135 Feb.
122 Jan.
29% Jan.
227 Feb.
200 Feb.
178 Jan.
22% Feb,
62% Feb,
103% Jan.
83% Jan.
49% Feb.
6 Feb.
19% Feb.
95 Feb.
40% Jan.
56 Jan.
62 Jan.
130 Feb,
150% Jan.
13 Jan.
52 Jan.
102 Jan,
70% Jan.
18% Feb.
50% Feb.
221 Feb.
55% Jan.
35 Jan,
26% Jan.
142% Feb.
9% Apr.
42% Jan.
232% Mar
7% Jan.
16
14
27
IS
18
24
66
26
14
14
21
233
3
3
6
12
9
27
6
28
16
17
IB
23
6
6
6
27
16
2
8
12
27
13
24
134% Feb.
104% Jan,
212 Jan.
34% Jan.
12 Jan.
320 Jan,
72% Jan.
65 A pr.
50% Jan.
114% Jan.
119 Jan.
26% Feb.
54% Feb.
61 % Jan.
11% Jan.
18 Jan.
6
19
27
16
17
21
18
10
16
16
18
20
2
20
23
4
Bonds,
Perkiomen, 1st ser.,5 s .l9 1 3 , Q—J
P iiila.& tiriegen. H .5g.,1920, AAO
Gen. m ort., 4 g .......... 1920, AAO
Phila A Bead, new 4 g., 1958, JA J
1st pref. incom e, 5 g, 1958, Feb 1
2d pref. Income, 5 g, 1958, Feb. 1
3d pref. Income, 5 g , 1958, Feb. 1
2d, as............................1933, AAO
Consol, mort. 7 s.........1911, J&D
Consol, mort. 6 g .........1911, JAD
Im provem en t!!. 6 g ., 1897, AAO
Con. M.,5 g.,stamped,1922,MAN
Phil. Read. A N. E. 4 s.............1942
Incomes, series A ..................1952
Incom es, series B ..................1952
Phil. Wilm. A Balt., 49.1917, AAO
Pitts. C. A St. L „ 78— 1900, FAA
P o’keepsie Bridge, 6 g,1936,F & A
Schuyl.K.E.Slde,lst5 g.1935, J&D
Steuben. A ln d .,lstm .,5 s.l9 1 4 , J&J
United N. J., 6 g .............1894, A&O
Warren A Frank.,1st,7s,1896.F&A
A t W
® l,tl S ? ? f i 9 0 7 >JAJ
Incom e 6s................... 1900, A&O
Baltimore Belt, 1st, o s .1990, MAN
Baltimore A Ohio i g . , 1935, A&O
Pitts. & Conn., 5 g .,.1 9 2 5 , F&A
Staten Island, 2d, 5 g.1926, J&J
B al.& O hio8.W .,lst,4% g.l990,J& J
CapeF.AYad-.Ser.A .,6 g .l9 16, J&D
Series B „ 6 g ................1916, J&D
Series U„ 6 g ................1916, J&D
Cent. Ohio, 4% g .............1930_, MAS
Chari. Col.&Aug. ls t 7 a .l8 9 o , J&J
Ga. Car. & Nor. 1st 5 g .. 1929, J&J
North. Cent. 6a............ ..1 900, J&J
6s....................................1904, J&J
Series A , 5s.......... ....1 9 2 6 , J&J
l s i t , j &j 107%
4 % s .............................. 1925, A&O
1st 5a, g., 1019, MAN 100 100 %
115 125 ■
P ie d to& C u to.lS t, 5 g .l9 1 1 , F&A
Be lvidere Del., Is t, 6a.. 1902, J AD
Pitts. & Connells. 1st 7s. 1898, J&J
•50
Catawissa, M., 7 a ........ 1900, FA A 113
•40
Virginia Mid., la t 6 s ... 1906, MAS
1 2 % iClearlieid A Jeff., 1st. 6 s .1927,JAJ 118
12
2d Series, 6s.................1911 M&S
Connecting. 6 s.........i 90(1-04, MAS
3d Series, 68............... 1916, M&S
Del. A B ’d B r ’k, 1st, 78.1905, FAA 124
7 % fT
4th Series, 3-4-5s.......1921, M&S
107
3 % : ...............I Esaton & Am . lstM .,5s. 1920, MAN
5th
Serias, 5s.............. 1926, M&S
Elmir.
A
Wilrn.,
1st,
6a.1910,
J
A
J.
115
3%
3%;
West Va C .A V . ls t .6 g .1 0 1 1 , J&J
3 % .........I Hunt. A Brid Top.Con.Ss.'eSfA&O 101 102
1 0 % ' .............. Lehigh N a v .4 % s.......... 1914, Q... J 105% 106% Wert’L N.O. Consol, 6 g.1914, J&J
Wilm. Col. A Aug., 6S..1910, J&D
2d 6s, gold................... 1897, J&D 100
2% .........
MISCELLANEOUS.
General m ort. 4%s, g .l9 2 4 ,Q —F 101
SO ,
Baltimore—City H all6s. 1900, Q—J
8 i 8% Lehigh Valley, 1st 6a,..1 898, J&D 107
F u n d in g e s ..,............ .1900, Q—J
2d 7a............................. 1910, MAS 131
75 . . . .
West MaryFc BR . 6 s ..1802, J&J
Consol. 6 ...................... 1923, JAD 119%
185 ___
Water 5 s....... . . — —.1916, MAN
North Penn. 1st, 78— 1396, MAN 106
....... ! 30
Funding 5 s___—-------1916, MAN
Gen. M. 7 «.....................1903, JAJ 127
163 164
E xchange 3% s......... —1930, J&J
Pennsylvania g e n . 6s, r,.1910, Var 127
liO 125
Virginia (State) 38, new .1932, JAJ
Consol, 6s, o
---------,1905, Ve,r 116% 117
104
163
Chesapeake Gas, 6 s .— .1900, J&D
Coneol. 5s, r .................1919, Var 112 %
60
59
Consol. Gas, 6 s .. . . . . . ...1 9 1 0 , JAD
Collat. Tr. 4% g .......... 1913, J&D
2
1%
5 s ................................... 1939, J&J
Pa. A N . Y. C anal,7 8 ...1 9 0 6 ,J&D 120
•18
47
Equitable Gas. 6 s ------- 1913. AAO
Pa. A N. Y. Cm., eon. 59.1939. AAO
2 4 % 25
§ And accrued taterwt.
t Last PrtW toil Twit,
Bid. Ask.
98
112%
10o%
68%
31%
20%
15
114
127
120%
103
53
*.......
69%
21
16
130
104
100
......... .........
115 116%
106
104%
102 — —
114
97%
110
115
92
98
95 100
101 %
"so"
80
80
98
87
112
113
99“"*
88%
110
106
97 100
110 % 111
109 i
109%
102
95%
106
82%
110
84%
116
116
99
70
105%
114%
101%
107
117
117
100
72
106
114%
102
109
a
THE
1076
CHRONICLE.
[V ol . L V ll
NEW TORE STOCK EXCHANGE PRICES (Continued.)-AlC2TVE BONDS DEC. 22, AND FOR YEAR 1893.
lOlots’ng’jtange (sales) in 1893.
iB u l r o a d a n d
M is c e l . B o n d s . E nter’ d
P ric e
Period. [)ec. 22
—
-------- ---------- —— — -—
Lowest.
Lowest.
R a i l r o a d a n d M is c e l . B o n d s .
Olos’ng Range (sales) in 1893.
Piter'st Price 1 --------------------------- -
Period. Dec. 2 2
Highest.
Lowest.
I Highest.
Pao. of Mo.—3d exten. 5s. 1938
A J 103%b. 103 Nov. 108% Jam
Ainer. Cotton Oil, deb., 8 g.1900 Q—F llS ^ a . 101 Aug. 114ia Jan.
A D 111 b. 108 Sept. 115% Apr
Mobile A Ohio—New, 6 g ..l9 2 7
8378 Feb.
63*3 July
A t lop. A 9 .F .- 100-yr.,4g. 1989 J A J 66 %
M
A S 59%
44 July 63 Jam
General mortgage, 4 s ... 1938
57% Jan.
29 July
2d 3-4a, g., Cl. “ A” ......... 1989 a A O 33
57 Jan.
Nash. Ch. A 8t.L.—1st, 7 s .1913! J A J 130%a. 117 Aug. 130 Jam
50 May
100-year inoom e,5g-.--.l& °9 Sept.
57%a. 50 Aug. 71 14 Jan.
Con., 5 g ............................ 1928; a a or 101 b.100 Nov. 105 Feb.
Atl. & Pam—Guar, 4 g ....l9 3 7
N.Y. Cent.—Debt E x t.,4 s.1905► M A N 10 '% v>, 97 Aug. 103 Mar.
5 a.
Ilia Jan.
5 May
W.D. lno.,68..................... 191° J A J
1st, coupon, 7s.................1903IJ A J 125%b. 116 July 125 % Nov.
100 Aug. 120% Mar.
Brooki’u E.evat’d 1st,6 ,g -1924 A A O 101
Deben.,5s, coup., 1884.. 1904 M A 8 107 b. 101 Aug. 108% Jam
J A J 108%
99 July I09ia Dec.
Can. South.-—1st, 5 b .........
N. Y. A Harlem—7s.reg. 1900IM A N 116 b. 114% Aug 119*« Feb.
2d, 58.................................. 1913 M A S 102 b. 93% Sept. 103ia Jan.
A Oi 114
,103 July 115 Feb.
i 35 a. 35 Dec. 70*4 Jan.
R. W. A Ogd.—Con., 5 s .. 1922 A
Cent. Ga.—8. & W. le t con. 5b,’29
N .Y . Chio. A St. L. —4 g .. .1937 A A O 97 b.l 89% Aug. 99% Feb.
Central of N. J .-C on s..7 b. 1899 Q—J 113 b. 110% Aug. 116 Mar.
N. Y. Elevated—7s .............1906IJ A J 113%b. 105 July 113% Dec.
Consol.. 7s.........................1902 M A N 118 b. 118 May 122 Feb.
N. Y. Lack. A W.—1st, 6 s ..1921 J A
130 b. 117% Aug. 131
Feb.
General mortgage, 5 g ..l9 8 7 J A J 113% 102 AUg. 114 Dec.
Construction, 5s.............. 1923 F A
I l l b. 105 Oct. 114 Jam
Leh.&W.B.,con.,78,asyd .l900 Q—T. 108%a. 100 Sept. 110 Jan.
N.Y.L.E.AW.—1st,com,7g. 1920 M A S 133 %b. 120% Aug. 139% Jam
do. mortgagees.........1912 M A N 98 b. 90 July 100 Apr.
2d consol., 6 g..................1969 J A D 75% I 53 July 105 Feb.
Am. Dock & Imp., 5s-----1921 J A J I l l b. 100 Aug. 111 Deo.
Long Dock Consol. ,6 g ... 1935 A A O 126 a. 119 Oct. 125 Feb.
•Central Paoiflo—Gold,6 b. . 1898 J A J 106i* 101% Aug. 1091® Jan.
N.
Y. O. A W .-R ef. 4a, g ..l9 9 2 M A S 84
76 Aug. 86% Feb.
118
Feb.
110
Sept.
A
A
O
117%
Ches. A Ohio—Mort.,6 g .-1 9 U
Consol. 1st, 5 g................ 1939 J A D 107%
90 Aug. 106 Feb.
97% Aug. 109 Nov.
lBt oonsol.,5 g..................1939 M A N 102^
N.Y.Sus.AW.—lstref.,
5
g.1937
J
A
J
85%
Feb.
73
84%
98 July 107% Mar.
61%
Aug.
M
A
8
Gen. 4%s, g....................... 1992
Midland of N. J.f 6 g___ 1910 A A O 116 b. 107 Aug. 120% Mar.
70 Aug. 86 -a Dec.
K.AA.Div.,l8i con.,2-4 g.1989 J A J 85%
Norf. A W.—100-year, 5 g. 1990 J A J
90 Jam
81%
May
do 2 d o o n .,4 g ...l9 8 9 J A J 81 b. 68 Aug. 82 Dec.
--•I
Md.AWash. D iv .-lst,5 g .l9 4 1 J A J * S4 a. 80 July 91 Jan.
Eliz.Lex.&BigSam—5 g.1902 M A S 99 a. 88 Sept. 101 Feb.
North.Pac.—1 st,coup.,6g. 1921 J A J 10% 100 Aug. 118 Feb.
Chic. Burl. & Q.—Con.,7s. 1903 J A J 122ia 108% July 123 Dec
General, 2d, coup., 6 g ..l9 3 3 A A O *89 b. 80 Aug. 115 Feb.
Debenture,5b..............
1913 M A N 97iaa. 83 Aug. 102% Jan.
General, 3d, coup., 6 g .. 1937 J A D 65 b. 60 Aug. 108 Feb.
89*3 July 108 14 Jan.
Convertible 5s.................. 1903 M A S 102ia
Consol. m ort.,5g............ 1989 J A D 283s
24% Aug. 74 Feb.
Denver Division,4s....... 1922 F A A 87%b. 87*s Sept. 94% Jan.
Col. tr. gold notes, 6s ... 1898 M A N *90 a. 93 June 95 July
Nebraska Extension, 4a. 1927 MAN 86 b. 79>s Aug. 8878 Jan.
Chic. A N .P.—1st, 5 g ...l9 4 0 A A O 43%
35% Aug. 80% Feb.
Chio. & E. 111.—lst.s.f., 68.1907 J A D HO^b. 108 Aug. 116 Apr
North. Pao. A Mom—6 g ... 1938 M A 8 *46%a. 47 Sept. 89% Feb.
Gonsol.,6g........................ 1934 A A O 119 b. 115 Oct. 123is Mar
North. Pac. Ter. Co.—6 *..1 9 33 J A J
82 Nov. 104 Feb.
93%i Aug. 103 Apr
General consol. 1 s t,5 b.. 1937 MAN 99
A J I09%b. 102 Aug. 112 Feb.
Ohio A Miss.—Cons. s.f.,7s. 1898
Chicago &Erie—1st,5 g ,..1 9 8 2 M A N 97 b. 87 July 103ia Feb.
Consol., 7s........................1898 J A J 109%b. 103 Aug 110% Mar.
Income, 5 s . . . . ..................1982 Oot’b’r 3513a. 20 July 44% Jan.
8814a. 7 0 ‘s Aug. 92% Feb.
Ohio Southern— 1 st, 6 g.,.1921 J A D 90 b. 94% Dec. 109 Jam
A
Ohio. Gas L. A C —1st, 5 g. 1937
General mort., 4 g.......... 1921 M A N 50 a. 40 Aug. 64 Jam
A 127iab. 119 Aug. 129 Apr.
Chic. Mil. &8t.P.—Con.7s.1905
AU".
Omaha A St. Louis—4 g ... 1937 J A J 40 b. 60 Feb.
68 Jam
A 115 b. 105
115% Dec.
let. Southwest Div., 6s. 1909
A 11612a. 106 AUg. 116% Feb. Oregon Imp. Co. -l8 t .6 g .1 9 1 0 J A D 99 a. 90 Aug. 105 Feb.
1st, So. Min. Div., 6 s ....1 9 10
A
A
O
Consol.,
5
g
.......................
1939
51 b. 32 A u g. 67 Feb.
A 109%b. 103 Aug. 112 May
lBt.Ch.&Pao.W.Div., 5 s .1921
A 105 b. 97 Aug. 105 Apr. Ore.R.A Nav.Co.—1st,6 g. 1909 J A J 105 %b. 97 Oct. 112 Mar.
Chic. A Mo. Riv. Div., 5s. 1926
Consol., 5 g.........................1925 J A D 65
A 106 b. 98 July 108 Apr.
60 Nov. 94% Feb.
Wis. A Minn. Div., 5 g..l9 2 1
108 a. 98 July 109 June Pennsylvania—4s, g ....... 1943 M A N
102% July 103 July
Terminal, 5 g....................1914
A J 110 b. *02 July 110% Apr
Pa. Co.—4% g., coupon....1 9 21
92 b. 86 July 95 Apr.
Gen. M., 4 g., series A ...1989 r a
A J 65 b. 75 Oct. 104 Mar.
Peo. Deo.AEvansv.—6 g . . 1920
Mil.A Nor.—1st, con., 6s.l913 I A D 112iab. 105 Aug. 115% Nov.
EvaneviUe Div., 6 g___ 1920 M A S 60 b. 75 Dec. 105 Feb.
120 Sept. 139 Dec.
ChJo.AN.W —Consol., 7 s.. 1915 Q - F 138
2d mort.,5 g......................1926 M A N 25
72 Feb.
Coupon, gold, 78...............1902 J A D 1 2 1 b . 117 July 125 Nov.
25 Deo.
Phila. A Read.—Gen., 4 g.1958 J A
61
Sinking fund, 6s...............1929 A A O l i m b . 109 July 115 Feb.
59% Aug. 85% Jan.
1st pref. income, 5 g....... 1958
Sinking fund, 5s...............1929 A A I 107 %b. 100 Aug. 109 Jam
31%
20 July 76% Jan.
2d pref. income, 5 g....... 1958
21 b. 14% Aug. 70 Jam
Sinking fund deben^, 58.1933 M A N I 0 7 i a b . 103*« Nov. 112 Feb.
623s Jam
3d pref. income, 5 g....... 1958
17 b. 11 July
25-year d ebentures... 1909 M A N 1 0 3 i a b . 100 June 106% Mar.
A
Pittsburg A Western—4 g.1917
86%b. 72 Aug. 88 Apr.
Extension, 4s................... 1926 F A A 97 b 90 Aug. 98 Jan.
A
Rich. ADanv.—Con,, 6 g .. 1915
Chio. Peo. A St. Louis—5 g. 1928 M A S 70 a. 93 Aug. 100 Mar.
108 b. 102 Aui 111% Nov.
Consol.,5g.........................1936I A A O 170 a. 60 Aug. 78% Mar.
Ohio. R.l. APao.—6s, coup. 1917 J A J 125 b. 114 July 126% Dec.
Rich.AW.P.Ter.-Trust,6g.1897’ F A
Extension and col.,5s...1934 J A J 1011-2
t40 b. 140 Aug. 8370 Feb.
8H July 102% Dec.
52 Feb.
Con. 1st A ool. trust, 5 g. 1914LM A S tin b. tl5% Au
80-year debent. 5s.......... 1921 M A S 947sa. 88 Sept. 97% Feb.
Rio G. Western—1st, 4 g ..l9 3 9) J A
Ohio. St. P. M. AO.—6 s ....1 9 3 0 J A D 122 a. 110 AUg 123% Nov.
70
54 Aug. 78 Feb.
A
St. Jo. A Gr. Island—6 g .. 1925
‘Cleveland A Canton—5 .. .191n J A J 80 b. 80 Nov. 92% Apr.
68 a. 67 Nov. 96 Jam
St L. A Iron Mt. 1st ext. 5s.’97 F A
C. C. C. A I.—Consol., 7 g.1914 J A D 126i*b. 119 May 119 May
102 b. 95 Aug. 103% Jam
General consol., 6 g....... 1934 J A J 118 b. 115 Aug. 122% Feb.
2d, 7 g ................................. 1897 M A N 103 b. 94 Aug. 109 Apr.
Cairo Ark. A Texas. 7 g .. 1897 J A L 97*3b. 95 Sept. 104% Mar.
0.
C.C.ASt.L.—Peo.AE.4s.1940
A A O 73 b. 58 Aug. 79 Jan.
Gen. R’y A land g r.,5 g ..l9 31 A A C 76%b. 60 A u g. 90% Jan
Income, 4 b...............
1990 Aprii. 16 b. 12 AUg. 26% Jan.
St.L. A San Fr.—6 g.,Cl.B.1906 M A N1 104 *sa. 100 A u g . 114% Apr.
001. Coal A Iron—6 g.........1900 F A A 95 b. 91 Nov. 106 Jan.
Col. Midland—Con., 4 g.,.1 9 4 0 F A A 39 a. 33 Aug. 67 Jan.
6 g., Class C......................1906 M A * 105 %a. 100 A u g. 114% Apr.
OoLH. Val. ATol.—Con.,5 g. 1931 M A S 90
General mort., 6 g ...........1931 J A c 100 a. 94 Dec. 111% ApE.
74 AUg. 94% Jan.
General, 6 g.......................1904 J A D 88 b. 82*3 Aug. 99 Apr.
St. L. So. West.—1st, 4s, g .. 1989 M A N 56*3
50 Aug. 68 Apr.
Denver A Rio G.—1st, 7 g.1900 M A N 112 b. 112 July 119 Apr.
28% Feb.
2d, 4s, g., income............. 1989 J A J 17Mb. 12 July
l8toon8ol.,4g..................1936 J A J 78
8.P.M. AM.—Dak. Ex., 6 g. 1910 M A
71 July 88% Feb.
116 b. 109% Aug. 119% Apr.
J
A
J
123%
Mar.
Det. B. City A Alpena—6 g.1913 J A J 60 a. 57*3 Dec. 74 Jan.
119%b. I l l
1st consol., 6 g ................. 1933
Aug.
DetMao.AM.—L’dgrants.1911 A A O 27 a. 20 June 40 Jan.
do
reduced to 4 % g .. J
101 b. 97 Aug. 103% Apr.
A
92
Nov.
DuL So. Sh. A Atl.—5 g. ...1 9 3 7 J A J 100 a. 90 July 103 Apr.
Montana Extension, 4 g.1937
79 Aug.
89
A J
-E.Tenn.V A G .—Con.,5 g. 1956 M A N 86%b. 80 Oct.
San A. A Aran. P.—1st, 6 g. 1916
94 Apr.
t55 Sept. 76 Mar.
Knoxville A Ohio, 6 g..,1 9 2 5 J A J 99 a. 92% Aug. 104% Feb.
1st, 4 g. gn.............
1943 J A
55 b. 52 Aug. 60 Aug
Ft. W. A Denv. City—6 g .. 1921 J A D 67 b. 6 i m Nov. 101 Apr.
Seattle L.8.A E.—let,gu. 6.1931 F A
oO b. 40 Aug. 92% Jam
99 Apr.
Gal,H.A8,An.-M .AP.D.lst,5 g. M A N 9014
Sec’ty Corp.(N.Cord.)lstcon.6 s M A N *71 a. 70 May
90 Nov. 97% Feb.
Han. A St. Jos.—Cons., 6 s .1911 M A S 117i«a. 108 Aug. 117% Feb.
So.Car.—1st, 6 g.,ex ooup.1920
107 b. 105 May 108 Nov.
Hous. A Tex.C.—Gen. 4s, g. 1921 A A O 65 a. 58M Nov. 70 J an.
So. Pao.,Ariz.—6 g....... 1909-10 J A
94*3b. 92 Oct. 100% Jan,
Illinois Central—4 g ...........1952 A A O 100 b. 99 Dec. 105 Mar.
80. Pacific,Cal.—6 g . . . . 1905-12 A A
108 b. 104% Oct. 115 Feb,
973s Jam
Int. A Gt. No.—1st, 6 g ....1919 M A N 111 b. LUO July 113 Apr.
1 st, consol.,gold, 5 g..„.1 9 38 A
89 Dec.
2d 4-5s..............................1909 M A S 68 a. 50 July 72% Feb.
So. Paoific, N. M.—6 g .........1911 J A
93 Nov. 105% Feb.
97*3
Iowa Central—1st, 5g....... 1 938 J A D 85ia
Tenn.C.I. ARy.—T e n ,D .,lst, 6g A A
72 July 90 Feb.
*70 b. 74 Aug. 95 Feb.
95 % J am
Kentucky Central—4 g ___ 1987 J A J 82 b. 81) Aug. 87 Apr.
Birm. Div., 6 g.................. 1917 J A
*70 b. 70 July
Kings Co. El.—1st, 5 g___ 1925 J A J 83 a. 81 Rov. 103% Feb.
Tex. APao.—1st, 5 g .......... 2000 J
59 July 81 Jam
73%
Laclede Gas—1st, o g .........1919 Q - F
8 3 iaa, 70 Aug. 87% Jam
2d, income, 5 g.................. 2000
13 July 29% Jam
18
Lake Erie A West.—5 g___ 195 ^ J A J 113 b. 106*3 Aug. 113 Feb.
Tol. A. A. A N. M.—6 g....... 1924 M A
103 Jan. 108% Jam
L . Shore—Con. op., 1st, 7s. 1900 J A J 119 b. 113 July 121 Nov.
Tol. A Ohio Cent.—5 g ....... 1935 J A J 107%b. 100 Aug. 109 Apr.
Consol, coup.,2d,7s....... 1903 J A D 121iab. 114 Aug. 123% Oct.
Tol. Peo. A West.—4 g ....... 1917 J A J 81
70 Sept. 86% Dec.
Long Isl’d—1st, con., 5 g .. 1931 Q -J 112 b. 111 Aug. 116% Feb.
Tol. St. L. A Kan. C.—6 g .. 1916 J A D 63
48 Aug. 90% Jam
Union Paoilio— 6 g.......... ...1 8 9 9 J A J 106%b. 102 Aug. 110% Jan.
General mortgage, 4 g.,1938 J A D 99 b. 90 July
97 Nov.
Louis. A Nash.—Cons., 7 s .1898 A A O 110 b. 106 Aug. 113 Jan.
Sinking fund. 8a................ 1899 M A 8 95 b. 93 Dec. 100 Nov.
N.O. A Mob. l s t ,6 g ....... 1930 J A J 119 b. no Aug. 123% Apr.
CoUat. trust 4 % ................ 1918 M A N 49
73% Jam
48 July
102 % Jam
do.
2d, 6 g .........1930
Gold 6s, col. trust notes. 1894 F A A 86
A J
100 July 110 Feb.
General, 6 g .......................1930
A D Illi2b . 107 July 119°8 Apr.
Kan. Pao.-Den. Div .-6 g.1899 M A N 107 a. 106 Nov. 113% Apr
Unified, 4 g....................... 1940
lstoonsol.,6 g ..„ .......... 1919 M A N 86 b. 77 Oot. 112% Apr.
A J
75 July 83% Feb.
Nash. FI. ASh.—1st gtd.5 g.’ 37
Oregon Short Line—6 g .. 1922 F A A 75 b. 70 Oot. 109 Jan.
A A
95 Aug. 101 Mar.
Lonie. N.A. ACh.—let, 6 s .1910
Or.S.L.AUt’hN.—C o n .5g .l919A A O 45 b. 45% Nov. 80% Jam
A J 110%b. 100 Sept. 111 Jam
Consol.,6 g......................1916 A A O *99 a. 82*3 Aug. 109 Jan.
U.P.Den. A Gulf con. 5 g.1939 J A D 42*sb. 39*a Aug. 753s Jam
Louis. Bt» L. ATexas—6 g. 1917 F A A 55 b. 60 Dec. 98% Jam
Union Elevated—6 g .........1937 M A N
95 a. 93% Dec. 117% Apr.
86 Apr.
Metro. Elevated—1st, 6 g. 1908 J A J 120 a, 108*3 Aug. 120 Dec.
Virginia Mid.—Gen. m.,5s, 1936 M A N 70 b. 70 Dec.
86 Apr.
2d, 6s.................................1899 M A N 107i4b. 100 July 108% Feb.
do
stamped guar. M A N 72 b. 72 Dec.
Mich. Cent.—1st,oon„ 7 s .. 1902 M A N 121 b, 113 Aug. 123% Oct.
Wabash—1st, o g..................1939 M A N 102%
93 July 106% Apr.
Consol., 5 s .......................1902 M A N 105iab. 100 Aug. 106% Apr.
2d mortgage, 5 g....... ...1 9 3 9 . F A A 72*3b. 60 July 82% Jam
Mil .Lake Sh. AW.—1st, 6g. 1921 M A N 125%b, 115 July 127% Jam
Debent. M., senes B . . . . . 1939 J & J 23%b. 19 July 39 Jam
Exten. A Imp., 5 g.........1929 F A A 109 a, 97*3 Aug. 109% Jam
West Shore—Guar., 4s....... 2361 J A J 103 %b. 94 July 104% Dec*
M . K. A T.—1st 4s, g.........1990 J A D 79
69 Aug. 83 Nov.
West. N. Y. A Pa.—1st, 5 g.1937 J A J 104
94 Aug. 105 Feh.
2 d ,4 s,g ............................. 1990 F A A 44H
2d mort...............................1927 A A
27*a July 50% Jan.
22
18 Aug. 53 Jan.
Mo,Pacino—1st, con., 6 g . 1920 M A N 90 b, 86 Oct. 113 Mar.
West. Un.TeL—Col. tr.,5s.1938 J A
95 Aug. 107% Dec.
107
8d, 7s.................................1906 M A N 105i2b, 100 Aug. 115% Apr,
Wis. Cent. Co.—1st, 5 g ...... 1937 J A
60 Aug. 92% Jan.
69%
P a o ,o fM o .-1st, ex.,4 g. 1938 F A A 95 b, 93 Aug. 102 Jam
Income, 5 g ........................1937 . . . . .
14 a.
9 Sept. 85 Feb.
Note—“ b” indicates price Ind ; “ a” price asked ; the Range is made up from actual sales only. * Latest price this week, t Trust receipts.
NEW YORK STOCK EXCHANGE PRICES—(Continued).-IN A C T IV E BONDS—DECEMBER 22.
SECURITIES.
Railroad Bonds.
Bid.
Ask.
SECURITIES.
Bid. Ask.
SECURITIES.
Bid.
Ask.
R.&P.—Rocll. >- P., 1st, 6 119
s.1921
B. & 0 .— Jons. mort., gold,5s.l988 *112 ......... B .
Rocli. & Pitts.—Cons. 1st, 68.1922 115%
W. Va. & Pitts.—1st, g., 5 s.. 1 9 9 0
(Block Exchange Prices.)
103
Burl Ced.. Rap. & No.—1st, 58.1906 102
B. & 0 .8 . W., 1st, g., 4 M S . . . 1 9 9 0
95
Alabama Mid.—1st. g., guar..1928
Conaol. & coilat. trust, 5s. ..1934 9 4
Monon. River, 1st g.,g. 5 s ... 1 9 1 9
____
A. T. & 8. F .-2 d , 49, Class B.1989
Minn. & St. L.—1st, 7a, g u ..l9 2 7 115
Cent’l Oliio Reor.—1st, 4 * 3 3 . 1 9 3 0 i o i " 103%
Col. Mid. 1st, g., 6s............... 1930
100
103%
Iowa C. & West.—1st, 7 s.. ..1909
Ak.& Cli. Juno. —1st, g, 5s, gn. 1 9 3 0
Atlantic & Danv.—1st g., 6 s ..1917
Ced. Rap. I. F. & N., 1st, 68.1920 90
Boat. H. Tun. & W.—Del). 5 9 . 1 9 1 3
93
At . & Pac.—2d W, D„ gu. 6s,. 1907
95
85
1st, 5a.................................. 1921
80
Brooklyn Elevated—2d, 3-5s. 1 9 1 5
Balt. A Ohio—1st. 6s, Pari B.1919 112
C.Ohio—Col. .J-,Gin.M.1.31,4193.1939
Brunswick & W’n—1st, g. 4s, 1 9 3 8
"old....................................1925 1 1 2 %
*
........
85
Gent. RR. A Tank.—Col. g.5s..l937
Bufl. R h. & Pitta.—Gen., 58.1937
99*3 i'o’o
* »o prior Friday; these are tke latest aunt; liana made this week.
I'lIE CHRONICLE.
December 28. 1893, |
NEW Y O RK STOCK E XC H AN G E
SECURITIES.
B id.
Ask.
1077
P R I C E S .— I N A C T I V E B O N D S — f C o n tin u e d / — D E C E M B E R 2 2 .
SECURITIES.
Bid.
SECURITIES.
Bid.
Ask.
C. B. A B.—C hat.R.AC.,gtd.g.l937
E.&T.H.—Mt. V ernon 1st 6s .1923
Northern Pacific—(Continued,.)
Cent, o f ,v. J,—Conv. deb., 6 s.1908
Sul. Co. Br. 1st, g „ 5s.......... 1930
Helena&RedM’n—lst,g.,6s,1937
22
Central Paelfie—Gold bds, 6a, 1895 105 A
Ev.&Rleh,—lstgen .5s,g.gu .l931
D uiuth&Manitob a—lst,g .6sl93 6
88
110 %
Du 1.AM an Dak.Div.—Ist6s.l9 37
G old bon d 3, 6s .....................1896 105%
Evans. A Indian.—1st, con s..l9 2 6
57%
Gold bonds, 6s ..................... 1897 *105%,
Flint & P. Marq.—M ort., 6s . . . 1920 116 119
Cmur d’Alene—1st, 6s, gold.1916 ‘ 80
San Joaquin B r „ 6s.............1900
1st con. gold, 5s.....................1939
Gen. 1st, g., 6s.....................1938
96
P ort Huron—1st, 5 s ............ 1939
Mort. gold 5 s.......................... 1939
Cent. Washington—1st,g.,6s.!938
Rand grant, 5s. g,_................ 1900
Fla. Cen A P eu.—Xstg. 5 s....1 9 1 8 105
Norfolk & South’11—1st, os,g. 1941
95
98
110 % N o rfo lk * West.—General, 6s. 1931
C. A 0 . Div., ext., g, 5s....... 1918
1st con. g., 5 s ........................ 1943
123
61
West. Pacific—B onds,6s___ 1899 106
Ft Worth A R .G .—1 st e „ 5 s..1928
New River, 1st, 6 s ................1932 105%
No. Railway (Cal.)—1 st, 6S.1907
Gal. Har. A San A nt.—1st, 6S.1910
Im p. & E xt., 6s...................... 1934
91
94
97
50-year o s ............................1938
Gal. H. AS. A.—2d m ort., 7 s ,.1905
Adjustment M., 7 s ................1924
Ohea. A O.—P ar. M. fund, 6 s .1898 109 110
Mex. A Pao. Div., 2d 6s ....1 9 3 1
Equipment, 5s........................ 1908
8s, gold, series A ..................1908 116 117
Ga. Car. & Nor.—1st, gu. 5s, g.19‘29
Clinch Val. 1st 5s................. 1957
90
96 ioo
Craig Valley—1st, g., 5s— 1940
Ga. 80. A Fla.—1st, g. 6 s . . . . . .1927
Roanoke&So.—1st, gu. 5s, g.1922
Warm 8pr. Val., 1 st, g. 5 s ..1941
Grand Rap. A In d .—Gen. 5 s ..1924
Soioto Val. A N. E.—1st,4s,.1990 74
74%
15
Ohes. 0 . & 8o. West.—1st 6s, g.1911 '103
G. B. W. A 8t. P.—2d Ino, tr. rects.
Ohio A Miss—2d consol. 7 s ...1911 109*9 1 1 2
2d, 6s ....................................... 1911
Housatonie—Cons, gold 5s___1937 T 1 2 %
Spring.Div.—Is t7 s ............... 1905 u113 116
Oij. V. ~Gea.eon.lst.gn.g,5s. 1938
General 5s.............................. 193
N. Haven A D erby, C ons.5s..l918 103
Chicago A Alton—8. F „ 6s ___1903
iHous. A T . C .-W a c o & N. 7s..1903 104
Ohio R iver R R .—1st, 5s..........1936 *98
Louis, & Mo. R iver—1st, 78.1900 1141s 117 : 1st g., 5s (int. gtd>................1937
108
Gen, g .,5 s ...............................1937
2d, 7 s .................................. 1900 112
Coni. g. Os (lnt. g td ).............1912 ioo" 103% Oregon & Califor.—1st, 5s, g.1927
99
Bt. L. Jacks, & C lilc.-l5 i.7 s.1 8 9 4 1021*
Oreg. R y& N av.—Col.tr. g..5s.l919
j Debent. 6s, prin. A int. gtd.1897
MJss.R. Bridge—1st, s. t., fa .1912 lOOH
Pan. Sink.F’ d Subsidy—6s, g. 1910
Debent. 4s, prin. A tut. gtd.1897 *80
Okie. Burl. A Nor.—1st, 5 * ....1 9 2 6 102
Penn.-P.C.CASt.L.Cn.g.4%sA1940 100\ 1 0 1 %
Illinois Central—1st, g., 4 s . ..1951 107
Debenture 6 s ............ ............ 1896
1st, gold, 3 % s........................ 1951
Do
do
Series B ........ 100^ 101J4
Cldc. Burling. A Q.—5s. b. f ..1901 103 106
P .C .A 8.L .-lst,e.,7s................1900 115
Cairo Bridge—4s................... 1950
107
Iow a D iv .-R in k . fund. 5 s.. 1919 100
Pitts. Ft. W. A G —1st, 7 s ...1912
Spring!. Div.—Coup., 6s___ 1898 107%
137
94
2d, 7 a .................................. 1912
Sinking fund, 4 s................ 1919’
136
95
Middle D iv.—Reg., 5s.......... 1921 107%
*79
Plain, 4 »................................. 1921
84
3d, 7 s....................................1912 127
C. Bt. L. A N. O— T e n . 79.1897
103
Ch.StL.AP.—1st,con.5s,g. -.1932 *127
Okie A Indiana Coal—1st 55.1936
1st, consol., 7s.................... 1897 109%
Chi. MIL A St, P.—le t,8s,P.D , 1898 116% J18
2d, 6a................................... 1907
Olev. & P.—Cons., 8. fd., 78.1900 114%
120
Gen. 4%s, g,, “ A” .............1942 105
3d, 7 3-lOs, P. 1)..................1898 l i e
Gold, 5s, co u p o n .............1 9 5 1 1 1 2 %
1st, 7s, * g., R. 1).................. 1902 124% 128
St. L .V .A T . H —1st, 6s., 7s. 1897 109
Memp. Div., 1st g. 4 s .......1951
1st, X. A M „ 7a..................... 1897 110 119
Dub. A 8. G —2d D iv., 7s .. .1894 102
2d, 7 s....................................1898 108 109
90
1st, I. A D „ 7a..................... 1899 116 120
2d, guar., 7 s ........................1898 108 109
Ced. Falls A Minn.—1st, 7a..1907
1st ,C. A M., 7 s ........ ............ 1903 123
G d .R .A I.E x t—1st,4%s,G.g. 1941
10 1%
126
Ind. D. A 8pr.—1st 7s, ex. ep.1906
12 i% Feo.AE.~Ind.B,AW ,-lst,p£.7s.l900 11 0
1st, I. A l). Extension, 7 s ., .1908 124
116
Ind.D.&W.—1st 5a. g .,tr.rec..l9 4 7
1st, La G A D av., 5 «........... 1919 103
2d, 5s, gold, trust receipts. .1948
Ohio Ind.&W.—lstp ref.S s.. 1938
Peoria A Pek. Union—1st, 6 s .1921
1st, H. A D .,7 s ....................1910 124
111
Inc. M. bonds, trust receip ts___
74
•
79% 2d mortg., 4% s.......................1921
1st, H. A D .,5 s ....................1910 105
65
lnd. Ills. A Iowa.—1st, g, 4s.. 1939
Int.AG.N'n—l» t ,6s.g............... 1919
Chicago A Pacific D iv., 6s . .10 10 l i e
**’ Pitts. Cleve. & T ol,—1st, 6 s...1922
75“
Pitts. A It. B r —2 d g. 5s, “ A ” . 1928
Mineral Point Div, 5 s ..........1910
104% Kings Co.- F.E l„lst,5,g.,ga.A .1929
99% 101
Pitts. Me. K, A Y .—1st 6s___ 1932
C. A L Sup. IHv., 5s........... 1921 102 %
Lake Erie A West.—2d g., 5s. 1941
Fargo A Booth., 6a, A ssu ,,.19 24 n o
Pitts. Painsv. A F.—1st., 5 s ...1916
L. 8. A M. 80.—B .A E .—New 7 s .’98 1111-4
Loo. eonv, sink, fund, 5s__ 1916
Pitts. Shen. A L .E .—Ist.g .,os.1940
Det. M. A T .—1st,7 s............1906 127
112*5
83
Pitts. A West.—M. 58, g .1891-1941
Dakota A ttt. Booth., 5s__ 1916 l o t
Lake 8hore~ D iv. bon ds,7 s .1899
Pitts.Y’gst'nAA .—1st, 5s,oon.l927
MIL A Nor, main line—6s , . .1910 113
Kal. Alt. A G. R .—1st gu. 5s.l93S 108
Pres. A Ariz. Cent.—1st, 6s, g.1916
Ohio.AN. W. —30 year deb. 5s,
1921
Mahon’g Coal R R .—1st, 5 s.1934 110 112
107%
96
2d incom e 6 s.......................... 1916
Esoanaba A L. 8. 1st, 6s__ 1901 107% 110
Lehigh V.,N. Y . - l s t gu .g .l% s.l940
92
Rich. A Dauv.—Debenture 63.1927
80
D esM . A Minn.—le t,7 a __ 1907 117
ladmib V.Term.—1st gu, 5s,g.l941 105
05
Equip. M. 9. f . , g „ 5s.............1909
Iow a M idland—1st, 8*........ 1900 115
IUtrUtiC. Car. A West.—1st 6s. g.1916
112*9
Atl.
A
Char.—1st,
p
r
e
t
,
7
s..
1897
Peninsula—1st. e o n v .,7 s ...1898
:Long Island—1st, 7 s ................1898
do.
Incom e, 6s___ 1*00
Ohio. A Milwaukee—1st, 7s. 1898 113 115
N .Y . A R’ w ayB .—Is t.g . 5 s .1927
37%
Win. A S t P.—2d, 7 s........... 1907 128
Wash. O. AW.—1 s t,4s,gu. oy., 1324
2d m ortg.. m e ....... ............ 1927
98
Rio Or. Juno.—1st, gu., g., Ss.1938
MU. A Mad.—1st. 6* ........... 1905 110%
N.Y.&Man.Beaoh.—1st, 7s, 1897
10S Rio Grande 80.—1st, g., 5 s .-.1940
O tt C. F. A 8 t. P.—1st, 5s. 1909 105%
N. Y.B.AM.B.—1st con. 5s,£.1935
Northern 111.—1st, 5 s......... 1910 106 108
St. Jos. A Gr. Is.—2d in c.........1925
BrookPn AM ontauk— 1st,6s. 1911 107^
Kan. C. A Omaha—1st, o s ..1927
Oh. Pro. A S tL ,—Con. lst.g.Ss. 1939
1st 5s . . . . .
. 1911 102
95
62
C.K.I.AP. D .M .A F. ll. 1 St45.1905
8t. L. A. & T .H —2d pref. 7 s ..1894 103
Louts.Evaus.A8t. I,.—Con.58.1939
103
2
d m . lae. 7 s........................... 1894
103
1st, 2 % » .,.........................1 9 0 5
Louis. A Nash.—Cecil. Br. 7a..1907
55
Dividend bonds....................1894
Extension, 4 s....................1905
E. H. A Nash.—1st 6s, g ..,.1 9 l9 i u i
106%
109%
108
Betlev.
&
80.
111.—1st,
8
s
...i8
9
6
Keokuk A Des M.—1st, 5 s ..1923
1
0
0
|
90
Pensacola Division, 6s .........1920
Chicago A St. Louis—l» t , 6s. .1915 *105
Bellev. A Car.—1st, 6s......... 1923
8 t. Louis Division, 1st, 6s ... 1921
Chi.St.L.APad.—1st,g(l.g.5s
1917
100
Chic.tst, P. A M i n t - 1st,6 s ...1918 *123
2d, 3s................................... 1980
Bt. Louis BO.—1st, gd. g. 43.1931 *82
Bh Paul A S. C.—1st, tis...... 1919 123%
Leb. Branch Extension . . .1893
*75
do
2d in com e,5 s.1931
Chic. A W. liltL— 1st a. ( . , 6 9.19 19 *104%
Nashv. A D e e a tu r~ lst,7 s..l9 0 O 111 %
Car. A Shawt.—1st g. 4s___1932 *78
111
General m ortgage, 6s ..........1932 116 120
8. 1.,6s.—S. A N. A la............. 1910
104
IO
O
St.
L.
A
S.
F
—
2d
6s
,g.,
ol.
A
.1906
Ohio. A.West Mich.—5 s ,..........1921 *50
10-10, gold, 6s .......................1924
Equip., 7 s ...............................1895
102
*!n Ham. A D .~ C on. s, L, 7S.1905 lid
50-year 5a, g...........................1937
General 5s............................... 1931 *77
2d. gold, 4% s..........................1937
Pens. A A t .- 1st, 6s, g o ld ...1921 *95
96
76
1st, trust, gold, 5s................. 1987
100
Collat. trust, 5s, g ............... 1931
Ctn, D. A IFn—1st, gu. 5s. g,1941
93
49
Consol, guar., 4 s ................... 1990
Lou.N. Alb.Al'il.—Gen.m .g.5s.l940
69%
G w . Ak. A COL—Eq. A 2d 65.1930
Kan. City A 8.—1st, 6s, g ...l9 1 6
93% 94
O.C.C. A St. L „ Cairo d iv.—4s, 1939
Manhattan R y.—Cons. 4s___ 1990
Ft. 8. A V . B. Bg. —1st, 6 s ...1910
8t.X>oa.DlT.—I»tcol.ts’t4a,g.l990
Manito.a. W.Colon iza’n—5s ,g. 1934
90
Kansas Midland—1st, 4s, g.1937
Sprlng.ACol.DlT.—ls t.g .4 6 .1940
Memphis A Chari.—6s, g o ld -.1924 *50
St.
Paul A Duluth—1st, 5s___1931 110
110
White W.VaLDiv.—l s t ,g .4n. 1940
1st con. Tenn Uen, 7s.......... 1915
105
2d mortgage 5s...................... 1917
Cln.Wab. AM.Dlv.—1st,g. 4...1991
90*a Mexican Ceut. Consol.—4s, g.1911
S
t
Paul
Minn A M.—1st, 7 s.. 1909 110
O n. 1. S t L. A G —let,g.,4*. 1936
1st, cons, incom e 3s, g ........ 1939
91%
2d m o rt, 6s ............................. 1909 117
C on sol, 6s ...............................1920
M exican National—1st, g ., 6s . 1927
Mlnneap. Union—1st, 6s ___1922
Oln.8an.A0l.—C on.lst,g.6s, 1928 106 107
2d, incom e, 6s, “ A ” ..............1917
114
Mont. Cen.—1st, guar., 6s .. 1937
OLCoL Oln. A In d .—1st, 7e,a,f.l899 113
2d, incom e, Us, “ B " ............ 1917
Consol, sink, fund, 7a.......... 1914
Michigan Central—6s..............1909
*101 ~
Cleve. A Mali. V.—Gold, 5a. ..1936 110
USCoupon, 5s..............................1931
■I
M ortgage 4 s...........................1940 *97 102
C olom bia A Green.—1st, 6 s . ..1916
South Carolina—2d, 6s..
2d, 6s ....................................... 1926
Bat.C.AStrgis.—Ist,3s,g.gn.l939
To"
5
"
DeL Lack. A W .—Mort. 7 8 ....1 9 0 7 130 134
Mil. L. B .AW .~Conv. deb., 5 s .1907
Syra. Bing. A N . Y . - l s t , "8.1900 126
Mich. Div., 1st, 6s.................1924 124
Per. RR. As’ n o f S t.L .-lst,4% s.l9 39 ‘ 98
Morris A E ssex—1st, 7 s .. ..1 914 137 140
Ashland Division—1st, Us - .1925 122% 125
Texas A New Orleans—1st,7s
Bonds, 7s............................. 1900 114
Incom es.................................
Sabine Division, 1st, 6s ----121%
7s ol 1871............................1901 119
Minn.A St, L.—1st, g. 7s.........1927
123
91
Consol. 5s, g ................. ........
1st, con., guar,, 7s.............1915 137% 189 H
Iow a E xtension, 1st,7s.......1909 112
1 1 2 1fl 120 *
Third
Avenue (N.Y).—1st 5s,
Dei. A Hud. Can.—Coupon 7s,1894 101%
2d mortg., 7s..........................1891 110
Tol. A. A. A C a d —6s..............
Pa. Dry., coup., 7s................ 1917 138
Southwest E xt.—1st, 7s.......1910 110
Toledo A . A . A G ’d T r.—g. 63.1921
Albany A Susq.—1st, gn.,7a 1906
Pacific E xt.—1st, 6s ............1921 *106
129
Tol. A . A. A Mt. PL—6s.......... 1919
1st, cons., guar., 6s..........1906
117*q Dnpr, & equipment, 6s........ 1922 114 115
32
Tol.
A. A. A N. M.—5s, g.........1940
Rena. A 8ar.—1st, coup., 7B.1921
Minn. A Pac.—1st inortg., 5 s .1036
144
T .A O .G —Kan.A M., Mort. 4s,1990 1 5 ^
Denver City Cable—1st, 6 s . ..1908
Minn.St.P.AS.S.M—lsto.g.48.1938
*100
10 1
Ulster
&
Del.—1st,
con.,6.,5s.
1928
D env. Tramway—Cons. 6S, g.1910
70
Mo.K.&T.—K ,C .A P .,lst,4 s,g .l9 9 0
Union Paclllo—1st, 6s . . . . . . — 1896 "*104% 105
Metropol. Ry.—lst.gu . g.6s.l911
Dal. & W aco—1st, os, g u .,,.1 0 4 0
*105
1st,
6s
......................................
1897
80
Denv. A K. G.—I m p .,g „ o s ...1828
Missouri P acific—Trust 5 s ...1 917
72
1st, 6s ..................................... 1898 106 i"06%
Is tc o lL , 5s, g ...............
1920
66
Duluth A D on Range—1st 5s. 1937
Collateral Trust, 6s.............. 1908
X. Ten ll. Va. A Ga,—1st, 7a.. .1900 110
6 t L.&t. M .-A rk.B r.,1st, 76.1885 *100
Collateral Trust, 5s.............. 1907
Divisional 5»......................... 1930 105
M obile A Ohio—1st ext., 6 s...1927
Kansas Pacific—1st 6s, g ...l 8 9 5 103 105
Bt. L. A Cairo— 4s, guar.......1931
1st ext., gold. 5 s ................... 1937
40
1st, 6s, g . ............................. 1896 1 0 1 %
Morgau’s La. A T.—1st, 6s— 1920 113%
Xq. A Im p., g., 5a.................... 1938
C.
Br. U. P.—F. 0., 7s.......... 1895
82
Mobile A UIrm.—1st, g .,5 s ..1937
1 st, 7».......................................1918
49
Ateh. Col. A Pac.—1st, 6s ... 1905
Nash. Chat, A St. L.—2d, 6 s ..1901
Alabama Central—1st 6s . . . 1918
Atch.
J. Co. A W.—1st, 6 s,..1905
N.
O.
A.
No.
jb.
-P
r.
L,
g
„
6
s..1915
116
Brie—1st, extended, 7s.......... 1897 108
O .p . Lin. A Col,—1st, g ; os. 1918 *52“ «•••«
N. Y. Central.—Deb. g. 4s-----1905 100
2d, extended, 5a.................... 1919 110
46
Oreg.S.L.&U.N,,coLtrst.,5s.l919 45
N. J. June—Guar. 1st, 4 s ... 1980
3d, extended, 4%a................. 1923 107 * 108
80
75
Utah A North.—1st, 7s........ 1908
Beech Creek—1st, gold, 4a.. 1936 101 %
*th, extended, 8a............... ..1920 109
Gold,
5
s
.
.
.
.
.........................
1926
111
Qaw,
A
Rome—2d,
5s,g.,gu
.l915
107
5th. extended, 4s.................. 1928
99 i o T
Utah Southern—Gen., 7 s .-.1909 *80 •
mtmmrn
Utica & Bl. Riv.—4s, g., gu.1922 1 0 2 % 103
le t, c on ., g., I'd, 7 s ..............1920
90
Extern, 1st, 7s................... 1909 80
N. Y. N. H. A H .—1st, rev 4s. 1903
Beorg., 1st lien, 6s................1908 ..
Vailed R ’y Co. of O.—Con. 6s. 1921
N. Y. & Northern—1st, g *•*„ 1927 107%
B .N . X. A E.—1st, 7 s ..........1916 *121
130
Wabash—Debenture,
Ser.
A
..
1939
2d,
4a.................................
-.1927
N .Y .L .E . A W ,—C ol.tr.,Os.1922 109 n o
Det. A Ohio. Ext, 1st, 5s, g ..l9 1 0 io T *
Funded coup,. 5s...................1909
2 * L ....... N. V. Busq. A West.—2d, 4%S. 1937 *88
No. Missouri—1st, 7a.......... 1895 100% 107
, Gen. mort., 5s, g ................... 1940
100
Bud. A 8, W.—Mortg, 6s___1908
3t.L.K.C.&N—R.E.&RR.7S.1895 105%
Jefferson—1st. gu, g. o a ___ 190®! . . . . . . j100
N. V. T ex. A M ex.~lst,4a,ga.l912
8t. Charles B r'ge—1st,6s.. . 1908 *105
iiNorth’n Paetne—Divid'd scrip ext.
Coal A RK.—6s ....... . ............. 1922*
West. Va. O. & Pitts.—lat, 6 s .1911
i| Jam esR ivcr Val.—1st, 6S...1938
Eureka ttpriiigs—1st, g., 6a ... 1933’
Wheel.&L.E.—1st. 5s, g o ld ... 1926 103% 107
Evans. A T, 11.—1st,eons,,6s .. 1921j 115 120 ] Bpoiraue A Pal.—1st, 6s.----- 1936 54
Extension & Imp, g.. 5a. — 1930
1 gt, eerier>il. e., 5 « ............... 1943)
100 !! Bt.Paui A N . P.—Geu.. 6s .. 1923 114%
•No price t riday; these ar >•**« latest quotations made this week. F o r ffllace llan e ou * «fc n « li»te d . B o n d * —See 3 d pago p reced in g
THE
1078
CHRONICLE.
R oads.
$ ,t u x e s lm je t x l
% u lz lli% m z z .
Ihe I n v es t o r s ’ S u p p l e m e n t , a pamphlet of 150 pages
contains extended tables of the Stocks and Bonds of Railroads, and other Companies, with remarks and statistics con
cerning the income* financial status, etc., of each Company.
It is published on the last Saturday of every other month—
vie., January, March, May,
September and November,
and is furnished without extra charge to all regular sub
scribers of the C h r o n ic l e .
The General Quoti tions of Stocks and Bonds, occupying
s ix pages of the C h r o n ic l e , are published on the third
S aturd ay of each month.
RAILROAD EARNINGS.
Latest Earnings Reported.
R oads.
Week or Mo
1893.
1892.
Latest Earnings Reported.
WeekorMo\
AND
fla ilr o a tl
I
[VOL, LYII,
Jan. 1 to Latest Date.
1893.
1892.
Adirondack----- October...
13,897
143,236
148,,234
15,195
Allegheny Yai.. October.
190,901 257,941 2,085,,554
,183,090
Ark. Midland. . October. ..
77,225
11,496
63,,955
12,296
,795,937
Afcch.T.& S. Fe* 2d wk Dec. 701,257 741,330 37,354,,944
St. L. & San F. 2d wk Dec. 154,150 174,296 8,287,,667
,644,088
440,025
Agg. total... 2d wk Dec. 855,407 915,628 45,642,,611
Atlanta&Cliar.o Septemb’r.
519.103
49,423
511, 934
58,966
B.&O.EastLines November. 1,491,928 1,566,476 17,440, 145
168,904
Western Lines November. 494,737 572,062 5,979, 808
,724,570
893,474
Total............ November. 1,986,665 2,138,538 23,419, 953
BaL&0.8ou’ w.7'. 2d wk Dec. 122,294 124,120 6,379, 772
,487,291
Bath&Ham’nds October. ..
26,670
8,246
27, 843
6,748
Bir. <feAtlantic.. (November.
37,860
1,811
26, 537
3,671
Bir.8h.&Tenn.R|June.........
4,814
21,206
Brooalyn Elev.. (2d wk Dec.
33,45
38.617 1,753,446 1,802,582
54.287
Buft.Roch,&Pitt.2d wk Dec.
56,805 3,255,998 3,066,308
Buffalo & 8usq. October. ..
22,005
Bur.C.Rap. & N . |1st wk Dec
86,154 101,222 3,935,893 4,042,656
Camden & Atl October. ..
49,787
758,595
730,238
46,708
CanadianPacific 2d wk Dec. 359.000 438,000, 20,062,036 20,392,222
Car.Cuin.G&Ch. Septemb’r.
19.246
2,636
31,674
1,373
Car. Midland.... November.
55,821
58,329
5,965
5.197
Central of G a ... October... 603,080 614,480
Central of N. J .. October... 1,303.033 1.271,708 12,218, ,104 11,908,779
Central Pacific.. October. .. 1,396,350 1,399,906 12.194,,043 12,434,710
Central of 8. C.. Septemb'r.
74,,071
70,653
6,631
6,650
Char. Cin.&Chic. November.
15,760
15,277
133, 664
134,658
Charlest’n&8av. Septemb’r.
30,583
478,,142
453,484
34,505
Char.8um.&No. November.
134,512
13,500
13,000
138, 971
Cliat'qua Lake.. October. ..
5,752
50,,351
46,500
4,675
Cheraw.&Darl.. October...
74, 660
66,075
10,093
8,843
Ches.& Ohio___ 2d wk Dec. 154,835 200,269 9,459,,051 9,520,663
Ches. O. &.8.W , August—
187,193 207,151 1,529. 715 1,414,795
Chic. Bur. & No. October. ..
277,026 243,479 1,996, 672 1,819,871
Chic. Bur. & Q.. October. .. 3,843,746 4,038,453 32,365,718 33,345,223
Chio.&East. 111. 2d wk Dec.
87,933
98,643 4,316, 256 4,002,295
ChloagoA Erie. October. .. 448,861 254,776 2,813, 958 2,299,056
Chic. Gt. West’n 2d wk Dec.
79,021 105,683 4,157, 238 4,851,389
Ch.J.R.&U.S.Y. Septemb’r. 219,659 250,394
Ohio.Mil.& 8t.Pt 2d wk Dec. 578,955 750,788 32,519,093 33,327,008
Chio.&N’thw’nA November. 2,677,974 3,166,866 29,698,916 31,222,825
Chlo.Peo.&8.L.6 3d wk Nov. ( 22,196
24,973
Chio.R'kI.&P.. November. 1,539,303 1,583,996 18.140,568 17,162,890
Chio.St.P.M.&O. October... 990,830 1,023,972 6,743.524 7.394,429
Chic. <feW. Mich. 1st wk Dec
37,621 1,779,151 1,884,526
27,138
Cin. Ga. & Ports. November.
63,613
65,021
4,764
5,717
On. Jack &Mac. Istwk Dec
625,421
662,387
11,151
13,339
Cin.N. O.& T.P . October... 342.000 373,265 3,299.937 3,510,198
Ala. Gt. South. October... 175.000 165,554 1,426,959 1,461,353
N. Orl. & N. E. October... 174.000 126,695 1,132,745 1,050,768
Ala. & Vioksb. October...
497,734
72.000
59,654
452.573
Vicks. 8h. & P. October...
440,767
424,431
64.000
60,094
Erlanger Syst. October. .. 827.000 785,262 6,736,645 6,960,820
Cln. Northw’n.A November.
19,065
19,045
1.865
1,627
Cin. Ports. & V.. November.
21,726
245,618
238,920
21,809
Col. & Maysv. November.
13,139
992
13,567
1,108
Clev. Akron&Co. Istwk Dec
917,644
936,490
18,354
20.276
CL Cin.Ch.&S.L. 2d wk Dec. 235.149 269,817 13,142,534 14,138,783
Peo. & East’n. October...
160,743 164,473 1,451,836 1,486,202
Clev. & Marietta ithwkSep.
245,699
7,971
10,102
249,017
Col. Newb. & L. Septemb’r.
48,573
32,374
6,720
4.198
Col. H. V. & Toi. November. 258,339 293,332 3,054,896 3,072,179
CoLShawnee&H October. ..
67,604
73,417
Colusa & Lake.. November.
27,902
23,862
2,500
2,550
Crystal.............. October...
12,737
13,368
1,023
1,315
Current River.. 2d wTk Dec
189,217
148,401
2,034
2,894
Deny. Rio Gr. 2d wk Dec. 139,500 177,600 7,426,871 8,760,813
Des. M.No. & W. November.
365,938
22,179
33,004
382,728
Det.BayC.&Alp. October. ..
300,863
342,526
17,608
28,608
Det.Lans’g&No Istwk Dec
18,546
22,966 1,129,141 1,169,878
D uluthS. 8. & Atl. Istwk Dec
30,699 1,965,473 2,086,110
20,568
Duluth <fcWinn.. October. ..
114.150
211,471
10,304
18,520
E. Tenn.Ya.de Ga 2d wk Dec. 122,234 123,498 5,419,903 5,996,409
Elgin.Jol.&Easi November.
774,319
878,855
92,320
70,909
Eureka Springs. Septemb’r.
60,342
4,772
7 ,03 “
61,878
Evans & Ind’phs 2d wk Dec.
361,926
347,185
7,264
5,817
Evans. & Rich.. 2d wk Dec.
3,076
1,498
Evansv. & T. H. 1st wk Dec
24,849 1,310,036 1,215,451
21,813
Fitchburg.......... October. .. 640,554 702,432 6,143,818 6,258,468
Flint AP.Marq.. 2dwk Dec.
54,371 2,607,743 2,727,144
41,120
102,273
Florence........... Septemb’r.
3,689
26,468
8,719
FI. Cent. i&Penii: June.........
99,629
97,667
348,923
Ft. W. & Rio Gr November
344,508
45,708
44,578
Gads. & Att. U.. November.
13,011
8,701
1,184
'696
Georgia RR....... 2d wk Dec.
32,660 1,345,406 1,423,473
35,161
412,779
42,502
205,910
Ga. Car’la & No October...
60,880
690,905
733,460
Geo. So. & F la... November
75.287
69,538
31,944
Georget’n & W’n Septemb’r.
33,464
2,693
2,288
2,386,376
2,107,782
Gr. Rap. & Ind.. 2d wk Dec.
46.277
34,928
472,904
Cin. R.&Ft. W. 2d wk Dec.
8,632
411,398
6,784
49,503
53,546
Traverse Cltv. 2d wk Dec.
604
1,243
177,242
Mus. G. R. & l. 2d wk Dec.
2,924
133,545
1,590
Total all lines. 2d wk Dec.
43,906
59,076 2,702,228 3,090,068
Grand Trunk.. .. vVkDee. 16 332.715 411.131 10,316,289 19.157,253
1893.
i
1892.
Jan. 1 to Latest Date.
1893.
1892.
Gr-Trunk—O n .
!
$
Ohio. A Gr.Tr. WkDec. 2
58,709
82.160 3,956,088 3,435,272
DehGr.H.&M. WkDec. 2;
16,305 23,42! 1,038,345 1,113,926
Great North’n I
St. P. M. <fe M. November. 1,540,156 1,642,105 12,579,011 12,328,002
East, of Minn November.! 175,886 181,315 1,244,015 1,177,191
Montana Cent November.!
89,154 112 029 1,019,328 1,095,248
Tot. system. November. 1,805,196 1,935,449 14,842,354 14,600,441
Gr. P.Wal. Br. Septemberi
1,453
2,0541
16,376
17,189
Gulf<fe Chicago. November.
6,330
4,961
40,153
34,079
Harts ville......... September
775
1,117
7,360
7,803
Hoos.Tun.&VVIi. November.
3,210
2,966
33,590
32,576
Hous. E.&W.Tex November.
55.034!
52,323
Humest’n&Shen November.
10,100
15,259
123,313
132,306
Hutch.&8outh’n August___
7,937
11,104
46.148
49,223
Illinois Central. November. 1,830,594 1,709.131 20,269,17 17,506,796
Ind.Dee.A West. November.
31,855
36,5!
389,586
460,154
In.&Gt.North’n 2d wk Dec. 102,034 102,253 3,887,643 3,942,659
44,225
Unteroc. (Mex.) 2d wk Dec.
35,463 1,956,481 1,691,205
Iowa Central. . 2d wk Dec.
47,896
47,743 1,824,0<>4 1.833.752
Iron Railway... November.
3,652
4,156
36,778
33,440
K an a wha<feVjicb 2d wk Dec.
5,794
5,940,
342,977
352,094
5,039
5.290
Kan C. Cl. & Sp. 2d wk Dec.
320,065
305,906
K.C.F.S.&Mem 2d wk Dec.
78,173
97,754 4,425,872 4.760.752
K.C.Mem.&Bir 2d wk Dec.
25,566j
26,068 1,053,982 1,068,251
K. C. Pitts. & G. 2dwk Dec
5,576
1,308
183,483
63,544
3,557|
Kan.C. 8ub.Belt 2d wk Dec.
2,885
227,961
123,197
Kan.C.Wy.&SW 2d wk Dec.
11,473
7,015
329,594
326,171
7,042
Keokuk & West. 2d wk Dec.
8,63s
373,186
386,999
6,572
L. Erie All. & So. November.
7,526
72,672
75,731
L. Erie & West.. 2d wk Dec.
60,076
65,396 3,342.906 3,373,879
53,031
Lehigh & H ud.. November.
42,648
547,884
431,122
Little Hock & M. October. ..
42,282
54,318
Long Island___ Septemb’r.
3,300,292 3,342,628
Louis.& Mo.Riv. Septemb’r.
41,330
318,523
52,508
346,761
Louis. Ev.&St.L. 2d wk Dec.
31,595
38,665 1,675,574 1,463,870
Louisv.&Nashv. 2d wk Dec. 408,740 470,055 19,612,870 20,779,750
Louis.N. A.& Cb 2d wk Dec
52,549
57,156 3,345,938 3,132,449
Lou.St.L.&Tex, November.
53,432
32,798
493,252
584,005
Macon & Birin.. November.
7,051
6,176
67,741
62,603
Man ches Aug. Septemb’r.
1,251
10.844
1,759
9,757
Manistique
721
November.
72,014
720
81,427
Memphis&Chas. Istwk Dec
27,471
31,874 1,308,388 1,343,653
iMexican Cent. 2dwk Dec. 149,896 148,555 7,573,559 7,509,186
Mexican Inter’l October. ..
168,918 240,436 1.673.347 1,639,068
tMex. National. 2d wk Dec.
76,959 104,810 4,011,532 4,423,478
IMexican R’ way WkDec. 2
57,243
52,500 2,825.630 2,801,374
Mineral Rangei 4tkwk Nov
7,147
149,292
140,940
7,911
Miuneap.&St.L. November
155,365 206,252 1,650,332 1,842,869
M.
St.P. &8.S.M.
43,215
73,029 3,141,615 3.035,619
1st wk Dec
Mo.Kan.&Tex.. 2d wk Dec. 217,698 216,572 9,*80,834 9,332,874
Mo.Pac.&lrouM 2d wk Dec. 471,226 500,355 23,796,665 26,305,036
Mobile & Birm. 2d wk Dec.
8,375
8,897
Mobile<fe Ohio.. November. 332,776 302,587 2,989,786 3,013,954
Mont.&Mex.Gll October. ..
110,000
855,489
Nash.Ch.de St.L November. 382,037 425,045 4,350,243 4,707,162^
Nevada Central Septembr
2,646
31,272
30,720
4 470
N. Jersey &N.Y. August___
32,706
218,340
210,692
35,508
NewOrl.&So’n .. November.
19.032
20,739
118.066
130,476
N.Y.C.&H.R---- November. 3,897,430 4,063,509 43.130,386 41,744,990
N. Y. L. E. & W . October.
2,722,118 2,758,592 24,834,405 25,820,644
N.Y.Pa.&Ohio.. Septemb’r. 655,370 664,562 5,457,699 5,301,310
N. Y.& N .E ng... eptemb’r.
4,626,467 4,539,635
N.Y.&North’u.. November.
42,352
543,635
522,895
45,810
N .Y .O n t.& W . 2d wk Dec.
62,341
64,180 3.749,340 3,319,997
N.Y Susq. tfcW.. October.
168,580 168,4*4 1,479,910 1,445,543
Norf. &South’n October.
363,024
357,653
36,543
35.630
Norfolk & West. 2d wk Dec. 198,555 228,68S 9,573,641 9,434,877
N’theast’n (S.C.) Septemb’r.
34,982
473,669
467.527
36,010
Nor th’n Central. October. .. 601,192 712,230 5,810,091 5,931,665
North’n Pacific^ November. 1,734,838 2,392,042 22,024,652 27.040,268
Oconee & West. October. ..
3,503
Ohio & Miss....... October. .. 350,143 393,694 3,458,248 3,496,806
Ohio River......... 2d wk Dec.
758.635
771,525
12,497
17,748
Ohio Southern.. November.
600,815
613,623
60,992
65,379
Omaha & St. L .. October...
484.635
453,531
54.548
42,433
Oregon Imp. Co. October. .. 350,605 350,768 3,253,207 3,282,692
Pad.Tenn.&Ala. October. ..
166,905
243,534
17,778
18.630
Tenn. Midl’d.. October...
155,676
178,746
16,852
20.435
Pennsylvania... October. .. 5,480,275 6,290,883 55,784,224 56,889,637
PeonaDec.&Ev. 2d wk Dec.
815,413
823,775
16.880
15,608
Petersburg........ October...
454.447
446.250
37,600
40,506
Pbila. & Erie... October. .. 495,303 585.284 4,397,475 4,383,309
Phila. <fcRead’g. October. .. 2,127,430 2,248,219 18,762,607 19,101,570
Coal&Ir. Co.c. October. .. 2,923,623 2,076,865
Total both Cos. October. .. 5,051,053 4,325,083
Lehigh Valley. May........... 1,490,781 1,567;463 7,132,453 6,902.235
Pitts. Mar. &Ch. November.
36,756
31,459
3,935
2,107
Pitt.Sben.&L.E. November.
359,322
460,993
44,416
35,825
Pittsb. & West.- October... 144,599 124,739 1,343,258 1,163,518
534,758
188,697
Pitts. Cl.&Tol October...
62,770
82,895
313,191
Pitts. Pa. & F. October. ..
266,587
28,585
36,904
Total system.. 4tliwk Nov
65.150 2,531.234 2,168,807
52,666
Pitt.Young.&A. November.
82,729 105,103 1,222,085 1,342,185
Pt. Roval&Aug. Septemb’ r.
169,371
202,905
22,791
23,108
192,623
Pt.Roy.&W.Car. Septemb’r.
231,758
22,121
29,640
258,32G
Quincy O.&K.C. November.
241,080
23,734
18,598
Rich’d & Danv. 2d wk Dec. 250,504 255,315
Georgia Pac.. 2d wk Dec.
59,930
61,625
ftich.Fr’ksb.&P. October. .
632,995
51,099
624,028
62,463
297,594
287,702
25,321
Rich. & Petersb. October. .
30,48 l
645,457
6,532
443,681
15,647
Rio Gr. South’n. Istwk Dec
38,400
Rio Gr.West’n.. 2dwk Dec.
44.500 2,166,343 2,476,906
114,567
Sag.Tuscola&H. November.
117,716
9,552
11,133
77,975
78,629
8,119
7,620
Sag.Yal. & St. 1.. October. ..
33.150 1,482,162 1,442,639
29,670
St. L. A. <fcT. H. 2d wk Dec.
27,438
26,098
St.L.Ken’et&8o. November.
2,685
3,668
St.L.Southw’rn. 2d wk Dec. 124,574 117,309 4.763.082 4,348,947
St. Paul & Dul’th November. 151.387 217,659 1,620,374 1,944,419
235,033 195,053 1.521.083 1,345,207
San Ant. & A.P. October.
810.236
768,977
22,001
22,889
S.Fran.&N.Pac. 4tliwkNov
481,033
450,251
50,553
37 ,o87
Sav. Am. &Mon. November.
2,093,812 2,212,423
Sav.Fla. & West. Septemb’r.
91,557
12.548
63,326
Silverton............ November.
” 8,000
157,865
30,742
150,759
28,570
Sioux City & No. May
181,050
211,042
20.500
2 0 ,0 0 0
South Bound---- November.
So. Pacific Co.—
Gal.Har.&S.A October. .. 423,594 476,257 3,510,005 3,703,049
913,471
859,919
113,191 109.59S
Louis’a W est.. October...
Morgau’sL&T. October... 613,359 609,067 4,315,323 4,250,543
35,823
212,956
203,989
33,345
N .Y.T.& M ex. October. ..
Tex. &N. Orl.. October. .. 153,606 153,105 1,466,471 1,373,808
Atlantic sys.d. October. ..11,379,751 1,408,868 10,555,782 10,500,813
Pacific system October. .J 3,332,009 3,452.083 29,581.818 29,897,943
Total of all.. October. '4,699,761 4,860,951 40,125,601 40,398,756
CoastDiv(CaL) | October.11,011,590 982,26l| 9,110,3611 8,541,183
Sou.Div. (Cal)
THE CHRONICLE.
D ecember 23, 1893.]
B oads .
Latest Earnings Reported.
Week or Moi>| 1893.
!
1892.
JJan. 1 to Latest Date.
1892.
1893.
So. Pae. Co.-Con|
i
s
1
s
8
Arizona Div . J October. . j 200,901 208,841 1,693,683
NVw Mtex-iMv. iOctober..
89,154
95,187
789,819
Calif. Pacific.. |Septemb’r. | 124,916 140,355
Oregou&Calif. jSeptemb’r. ; 176,690 214,666
South Carolina. ! November. !\ 111,500 122,672 1,185,333
1,271
Sotitii&Nor.i’ar.!Septemb’ r.'
9L8
16,049
Spar* Un. & Col. :Septemb’r.
11.634
9.876
84.-599
79,112
Beaten IsL B. T .;October. ..I
73.665
893,697
5,000
7,231
StoayOL&CMt.. iSaptemb’r. i
41,719
Summit Branch, jOctober... i 124.982 123.41H 1,058.119
L j ke us Valley IOctober. .,, 111,593
96.8H2
909,878
Tot’l both Co’s Xov ember, 210,109 213.432 2.178,106
Texas <fc Pacific.(24 wlt-Dec. | 130,914 180.909 6,859,199
Tex.S.Vai<feN.W ■November. !■
7,450
52/205
5,747
30,*05
ToL&OMo Cente 2cl wk Dec.
4 1,213 1,8/5,09*
20,020
ToL F. & West.. 2d wk Dec.
18.955
932.256
Tol.St.L.& K. C.\ U t wk Dec!
33.495
39,553 1,667,752
37,294
Ulster & Del__ !October.. . ;
36,692
371,945
Union Pacific—
502,361
Or.S.L. & XJ. N October...
6*0,681 5,021,178
675,519 3,122,399
Or.Ry. & NX’o October. *
U. Pac. D. <Sr0 . 'October..
443.768 569,209 4,239,003
8iJo.A0d.IaL 2d wk Dec.!
30,38* 1,109,771
30.860
All other lines. October... 1,993,012 2.412,926 16.855,371
Tot.0 , P.Sys. October.
4,493/269 30,196.131
140/211
Cent. Br.A L.L. October. . f 82,603
820,678
59,341
Montana U n .. October..
90,207
661,966
Leav. Top. &8. October..
2,918
2,353
23,333 ,9 8 1
4,540
Man. ALA Bur. October.
35,055
Or’nd total ./ October. .. 3,615,294 4,682,030 31,383.015
Vermont Valley [Septemb’r. r
145,188
W abash. . . . . . . . . J2d wk Dec. 1
| 22^.000 202,000 13,216,257
7,485
7,803
62,561
Wab. dies. & W. Aii^nat. - - 125,412 14n, vSH 1,474.810
West Jersey.__ ;October. ..
98,324
W.V.Cen.A Pitts November.j
96.106 1,*‘85,235
West Va.& Pitts. Scpteixib’ r. I1 34,781
3;>,253
306,232
88,758 1,115,183
Wmt, Maryland. November.|j 85,204
Weat.N.Y. A Pa 1st wk Dc«
55,600
77,900 3,323,559
Wheel. A L. Erie 2d wk Dec !
26,512
26,336 1,462,517
1.50
2.171
17,740
Wil.Ckad.ACon. Scpternb’ r. 1
61,565
Wit CM. A Aiur. IScptorob’r.
459,529
48.308
6,187
8.117
Wdgbtav.A Ten,‘Novem her 1
. ... ...
$
1,639,412
837,825
1,205,299
13.223
80.270
920,441
51.916
1,086,292
895,296
2,195.020
6,538.002
45,920
1,896,2^2
940.223
2,082,896
363,482
5,972,648
3,9 L3,892
4,833.384
1,199.112
19,720,524
15,469,591
1,118,265
904,165
27,946
37,070,961
152,382
43,860
1,494.916
1,002,677
248.223
1,060,159
3,293,466
1,378,739
21,767
568,3t4
* Includes Coi. Mid. in 1893 and 1492 for week and year to date..
* includes Milwaukee a Northern for all periods,
§ ideludes Win. Central to September 26 inclusive for both years.
a figure# cover only that part o f mileage located m Sooth Carolina
c The hustneisa o f the Lehlkb Valley and Lehigh A Wilkesbarre de
partmeata Is not included, d Includeft earnings from ferries, etc.
not given ae para tel y. J M exican currency, e ToL Col. A Cin Inn Itided
f o r the week and since Jan. 1 in both years. / Include* only half o f
line* m which Union Pacific has » half interest, h Includes from Sep
tem ber l earnings o f Milwaukee Lake Short? A Western in both years,
4 Includes H ancock A Calumet fo r O ctober only,
/In clu d e s Ohio A
Mtogtsstppi In both years and from January 1 to latest date,
(attest (irons Earnings by Weeks.—The latest weekly
earning* in the foregoing are separately summed up as follows:
For the second week of December our preliminary statement
covers 57 roads, and shows 11-41 per cent loss iu the aggregate.
2d week o f December.
Atch. Top. A 8. Fe.*.........
Bt-Loma A 3 a n Fran.
Bate,A Onto Southwest.
Brooklyn Elevated..........
Baffaio Booh. A E’lHsb'g.
Canadian P a c ific ...—. . . .
Chesapeake A Ohio.........
C hicago A East. Illinois.
Chicago Great W estern..
Chicago Milw. A St. Paul.
Oieve. Cin. Chic. A St. h ..
Current R iver— ............
Denver A Rio Grande—
East Tennessee Va.A Ga.
Bvansv. A Indianapolis.
Bvansv. A Riehmoud . . .
Flint A Pere M arquette. G eorgia.................... .........
Grand Rapids A Indiana
can- Rich. A Ft. Wayne
Traverse C ity ...............
Mu*. Or. Rapids A foil.
Grand Trunk o f Canada!
Intern’l A Gt. North'n . . .
Iowa Central....................
Kanawha A Michigan----Kan. City Clin. A Spring.
Kan. 8. Ft. 8. A Meui___
Kan. City Mem. A Birm.
Kan. City Pittsb. A G ulf.
K ao. City Suburban Belt.
Kan. C. W yan. & N. W ...
Keokuk A Western.........
Lake Erie A Western— .
Lodisv.Evanav. & St. I..
Louhivllle A N ash ville...
Goals, N. Albany A Ohio.
M exican C entral......... . .
M exican National ........
Mo. Kansas A Texas.......
Mo, Pa- itiO A Iron M t... .
M obile A B irm ingham ...
X . V. Ootario A Western
festovn........ .
Ohio R iver........................
Peoria Dec. A K vacu v..
R ichm ond A Danville. *Georgia P acific....... .
R io Uraude W'eauirrj.......
Bt. Joseph A Gd. island..
St. L. A it. A T, f l . ............
8t. l.o o |g Southwestern..
T exas A Pan tie...............
Toledo A Ohio Centrai.».
Toledo P oona A Weat’ n ..
W abash..............................
Wheeling A Lake Erie - -.
1893.
1892,
*
701,257
154,150
122,294
33,157
54,281
359,000
154,845
87,943
79,011
578,955
235,149
2,03-1
139,500
122,234
5,817
1,498
41,120
35,161
31.928
6,731
601
1.590
332.715
102,034
47.896
5,940
5,290
78.173
25,566
5.576
3.557
11,473
7,042
60,070
31,595
408.740
52.541
149,196
76,958
2 1 L699
471.226
8.897
01.311
198,585
12,497
16,380
250,5 >4
59,930
33,400
30,860
29,670
12 4,574
180,911
30,805
18,955
228,000
26,512
*
741,330
174,298
124,120
38,617
56,805
43-1,000
200,269
93,613
105,683
750,738
269,817
2,894
177,600
123,198
7.281
3,078
54.371
32,860
46.277
8,632
1,243
2,924
41.1, U l
102,253
47,713
5,794
5,039
97,75 i
26,068
1.303
2,885
7,015
8,633
6 >,390
38,665
470,055
51.156
148,555
104,^10
2 i6,572
500,355
8,375
64,180
218,688
17,718
15,608
255.315
61,625
-11,500
30,368
3?, 150
117,309
180,909
41,213
20,020
2 *2,000
26,336
6,363,903
7,183,939
Wet decrease /11 -4 X p. Q.)
* Include* Colorado Midland lu both years,
■f Week ending December 16,
Increase.
JJecrease.
A
_ _r__
--ntr-rw*
.
.
2,601
__. .
. ___
153
146
25 .
....._
4/26*?
672
4,453
1,34 i
1,126
.. . *,
522
1,2 72
---
7,265
5
9
40,073
20,146
1,826
5,160
2,518
7*.000
45,434
10,710
26.682
171,833
34,608
860
38,100
1,284
1,417
1,378
13,251
11,319
1,848
639
1.334
78,416
219
19,53 L
592
1,506
5,314
7,070
61.315
4,607
27,851.
.........
29.129
1,839
30,133
5,251
4,811
1,695
6,100
8
3,430
........
........
10,403
1,065
34.000
176
24,106
841,092
819,936
1079
Our final statement of earning3 for .the first week of
December covers 69 roads and shows a loss of 33 06 per cent.
I n/ week o f December.
1893.
1892.
Previously rep’d-; 59 r’dsb
Oieve. Akron & Ooliimb.
D ila tb 8. 8. & A tlantic...
Evansv. & Richm ond___
Flint & Pere Marqnetto.
K^ofcok &
..........
MemDHis& CbarlesKou..
Minn. St. P. & S. S. JVI___
Mobile & B irm iugbaoi--.
Rio Cfrande Southern___
Western N. Y. A P en n ..
*
S
6,5^6,7 45 7,183.305
1^ ,3‘>4
20,276
20,563
30,649
2.865
1,9 28
4 >.20 -•
53,690
7,507
8,638
27,47 L
31.374
43/215
73.0 29
8,411
7,335
6,53 •
15,84 7
55,600
77,900
Total (69 r o a d s )........
BTet decrease (13*06 p.c.L
6,736,531
............
7,805,753
............
Increase.
.
8
40,773
576
Decrease
*
967,336
1,922
10.13L
9 37
13,490
1,131
4,403
29,814
9,115
22,300
41,352 1,060,579
J 1,019,227
Net Earnings Monthly to Latest Dates.—The following
shows the gross and net earnings to latest dates of all railroads
furnishing monthly statements. The compilation includes
every road from which we can get returns of this character,
and in that form is given once a month. Early returns are
published from week to week, as soon as issued, but for the
convenience of our readers all the roads making returns are
brought together here in the week in which we publish, our
monthly article on net earnings—say on or about the 30th of
the month. A. paragraph mark ((f) added after the name
of a road indicates that the figures for that road for the period
g i h a v e not previously been published by us.
-Gross Earnings.—
IS 92.
1893.
Net Earnings.-----.
1893.
1892.
Hoads.
AdlrnudfiekV.............. Dot.
3.3,897
15,195
5,649
4,303
Jan. I to Oct. 31___
148,231
143,236
39,973
33,672
190.901
257,941
84,282
Allegheny V alley.,H .Oct,
12.3.486
Jan. 1 to Oec. 31___ 2,085,554 2,183,090 751,611
880.854
11,496
12,296
8,136
Arkansas Midland.. ItOot,
8,565
63,955
77,225
23,358
Jau. I to Oct. 31__ _
23,748
At. T. A 8. Fe.......L Oct. 3,705,090 3,914,427 1,460,372 1,309,186
Jan. I to Oct. 3 1 .. .32,474,633 32,676,937 10,107.847 9,969,395
July l to Out, 3 1....12,935.950 14,689,356 4,650,815 4,986,911
8t. L, A San F r-b .O c t. 807,270
901,572
328,375
379,623
Jan. 1 toOct 31 .. . 7,216,756 7,481.112 2,442,837 2,839,865
July 1 toOct 3 1 .... 2,890,859
3,506,512 1,098,745 1,504,004
4,845,999
..........................
Aggregate total. b.O ot 4,512,360
. .J P H . ...
, I 1,788,747
1,681,109
Jan. 1 to Oct. 8 1 ....39 ,6 91 ,3 8 9 40.158,099 12,550,68412.809,260
. .0. 9. ------------- . 5, 749 ,*00 6,4u0,915
July 1 to Oct. 3 1 ....1--------5 ,8 7 6 ,8
18,195,8c8
Baltimore A O h io Line* K O. R.-blT Nav. 1,491,928 1,566,476
580,810
393,813
Jan. 1 to Nov, 3 0 .... 17,440,145 18,168,904 5.823,815 5,676,872
July X to Nov. j O .... 8,077,701 8,805,285 3,080,707 2,888,756
105,521
123,559
LineaW . O. R ..b t N o v .
494,737
572,062
941,642
Jan. 1 to Nov. 3 0 .... 5,979,308 5,724,570 1,287,677
596,237
July 1 to Nov. 3 0 .... 2,880,973 2,79u,l56
905,991
614,331
517,372
Total sy stem ..b .liN oy . 1,986.665 2,138,538
Jan. 1 to Nov. 3 0 ---- 23,449,953 23,893.474 7.111.522 6,622,514
July 1 to N or. 3 0 ....1 0 ,9 5 8 ,6 7 9 11.595,441 3,986,788 3,484,993
79,094
66,971
B. A O. Southw.. b ,..June 212.864
193,975
423,763
432.100
Jan. 1 to June 3d ___ 1,251.732 1,236,8 >0
999,214
J a ly l to June 3 0 .... 2,659,308 2,648,742
957,892
4,755
6,412
6,748
■Bath A H am m onds...O ct.
8,246
26,670
13,067
14,924
Jan, 1 to Oct. 3 1 ....
27,813
774
3,486
679
Birm. A A tlantic. M -O c t
2,289
1,129
5,272
34,189
Jan 1 to Oct. 3 1 ....
24,726
1,335
2,871
13,638
July 1 to Out. 3 1 —
7,656
176,677
84,671
66.267
Brooklyn Elevated!!. Oct. _ ] 52,641
676.497
631,349
Jan. 1 to Oct. 3 1 .... 1,543,188 l,5 6 t.2 5 0
197,382
257,965
612,929
July 1 to Oct. 3 1 ...
547,490
102,083
88,890
309,322
Buff. R. A Pitts. . b . . . Oct.
286,183
794,620
888,169
Jan. I to Oct 3 1 .... 2,861,152 2,669,785
384,004
364,654
1,163,761
July 1 to Oot. 3 1 .... 1,204,931
154,616
477,662
267,306
Bur!.Ced.R.&No afOct.
521.086
938,564
931,505
Jau. 1 to Oct. 3 1 .... 3.443,820 3,524,529
3,814
346
46,703
Cam .AA tl.A 3rs.ati.Oct.
49,787
192,902
166,470
730,233
Jau. 1 to Oct. 3 1 ....
758.595
946,426 1,024,503
Canadian Paciflc.a..Oct. 2,164,821 2,112,763
Jan. 1 to Oct. 31....17 ,2 80 ,0 3 6 17,426,765 6,243,205 6,596,916
4,192
4,418
Carolina Mldland-.f-Oot.
8,476
8,226
7,160
10.267
Jau. 1 to Oct. 31___
49,856
53,132
8,241
11,040
July 1 to Oct. 3 1 ....
26,346
27,270
141,216
244,616
Central ol Georgia.-Oct.
603,080
614,480
530,859
583,226
Cent. »f N. Jersey.a..Oot. 1,303,033 1,271.703
Jan, 1 to oot. 31....12 ,2 18 ,1 0 4 11,908,779 4,912,505 4,966,241
615,191
635,865
Central PaciHe..htr..Oct. 1,306,350 1,399,908
Jan. 1 to Oct. 3 L -... 12,194,043 12,434,710 4,970,629 5,022,225
1,331 det 1,40.0
Char. Cin. AChie-.-ffOet.
14,521
16,715
Jan 1 to Oct. 3 1 - ...
117,904
119,3.31
2,481
1,080
Char.Sumt.ANor_1T.Oet.
15,804
19,041
954
2,061
Chatauqua Lako.--11.Oct.
5,752
4,675
7,659
7,040
Jau. 1 to Oot. 31___
50,351
46,500
3,385
5,573
Cheraw A Dari,. 1»If..Oct.
10,093
8,843
16,540
18,493
Jan. 1 to Oot. 3 1 ....
74,660
66,075
9,465
6,529
July 1 to Oct. 3 1 ....
26,541
27,479
306,453
310,050
Chesapeake AObioa.Oefc.
831,422
902,540
Jan. 1 to Oct. 3 1 .... 8,378,355 8,288,820 2,632,428 2,272,647
July 1 to Oct. 3 1 .... 3,431,505 3,722,930 1,244,937 1,266,724
79,583
68.516
Cites. 0 . A S . W ....b.Aum
187,193
257,151
480,624
533,343
Jail. 1 to Atlg. 3 1 -..- 1,529,715 1,414,795
131,256
121,695
July 1 to Aug. 31---368,110
3 /5,930
105,572
125,234
277,026
Chic,Bur. A North.I>.Oct.
243,479
638,852
718,67(3
Jan. 1 to Oct. 31___ 1,996,672 1,819,871
1,814,488 1,699,294
Ohio. Burl. & Ouln.b.Oet. 3,843,746 4,038,453
----------'
Jan, 1 to Oct. 31 ...32,305,718 33,345,223 11,256,702 ll,o o 3 ,5 1 9
cCllic.M .A St.PauUi.Ool. 3,922,653 3,717,620 1,891,343 1.493,794
3 t o . r t r o « 3 i ..,2 j,lo 7 ;7 7 1 28,268,966 9,290,434 9,090,686
July 1 to Oct. 3 1 ___ 11,947,403 12,741,843 4,434,708 4,439,312
Ch.Jun.RAU.S’k.Yfls.Sep.
219,659
250,394
130,032
169,184
Chic. A W. Mich ___Oot.
190,901
195,166
71,931
68,738
j a m 1 to Oct. 31 — . 1,616,656 1,674,914
315,704
461,039
1080
THE
CHRONICLE.
[VOL. LVIl,
-Net Earnings.------•
•---- Gross Earnings.----- .
-Net Earnings.------1892.
1893.
1893.
1892.
1893.
1892.
$
Roads.
$
$
$
$
696,204
823.3825,701
21,014 Louisv. & Nashv.b..Oet. 1,649,552 2,038,152
Jan. 1 to Oct. 3 1 ....17 ,0 65 ,6 6 5 17,871,971 5,935,877 6,268,966
89.527
156,371
July 1 to Oct. 3 1 .... 6,346,956 7,097,423 2,426,-04 2,837,834
88,310
31,906
352,421
309,679
130,244
96,477"
342.000
96.590 Louisv. N. A. <fe C .a .. Oct.
373,265
97,000
Ciu. N.O.&Tex.P.Ua.Oct.
Jan. 1 to Oct. 3 1 .... 2,993,031 2,762,812 1,028,890
909,465
806,702
752,926
Jan. X to Oct. 31___ 3,299,937 3,510,198
July 1 to Oct. 3 1
1,378,2u3 1,264,372
510,322
430,404
1,290,972
1,459.502
322,962
327,000
July 1 to Oot. 31___
& Birming ...O ct.
6,228
1,927
7,104
2,049
121,244
151,273
25,239 Macon
Ala.Gt.South’n.lTaSept.
32,780
Jan. 1 to Oct. 31___
55,552
61,565
8,575
1,043
230,832
Jan. 1 to Sept. 30___ 1,251,959 1,295,799
236,598
July
1
to
Oct.
31___
21,822
23,963
3,651
3,989
373,997
439,219
90,760
61,023
July 1 to 8ept.»30___
557
877
def.796 def. 5,749
174,000
62,000
25.000 Manistique.H.............. Oct.
N. O. & No’east.Ha.OcL
126,695
Jan. 1 to Oct. 3 1 ....
71,293
80,707
31,719
32.045
435,940
69.000
75,000
July 1 to Oot. 31---447,017
Mexican
Central.......Oct.
720,991
772,009
352,406
335,224
72,000
5^,654
25.000
Alab’a &V icks.. 1Ta*. Oot,
11,000
Jan. 1 to Oct. 31 . . . 6,563,382 6,493,306 2,293,443 2,355,029
184,615
198,691
32.000
18,000
Julv 1 to Oct. 31---168,918
240,436
109,194
73,256
64,000
60,0 -<4
24.000
19.000 Mex. International.IJOct.
Vicks. Sh.& Pac.1Ja.Oct.
Jan.
1 to Oct. 31___ 1,673,347 1,639,068
538,622
632,938
176,914
184,294
35.000
28.000
July 1 to Oct. 31. ..
430,621
Mexican National. .Oct.
349.576
fl52,003
f 176,707"
23,043
25,575
2,432
Cin. Ports. & Vir. bll. Oct.
4.678
Jan. 1 to Oct. 31___ 3,535,869 3,751,736 f l , 310,750 f l , 309,395
217,111
Jan. 1 to Oct 3 l ___
223,892
35.387
42,087
200,345
103,848
77,525
16,342
July 1 to Oct. 31___
95,050
104,466
23,028 Minn. & St. Louts.a. .Oct. 201,745
JJan. 1 to Oct. 31___ 1,494,967 1,636,617
610,575
542,584
July 1 to Uct. 3 1 .4 ..
635,260
729,345
280,073
91,861
29,166
29,900
275,748
Clev. Akron & Col. b..Sept
77,708
198,840
Jan. 1 to Sept 3o___
741,132
738,367
206,558 Minn.St. P.&S.S.M.IT.Oct.
207.911
336,157
3-14.375
129,423
July 1 to Sept. 30___
236,993
265,806
71,908
80,891
Jan. 1 to Oct. 31___ 2,798,546 2,632,352
743.775
948,405
287,439
464,22 4
Clev. Cin. C. & St. L.a Oct. 1,256,460 1,351,066
326,829
334,889 Mo.Pac.&Iron M.b..June 2 ,0 15,132 2,038,921
Jan. 1 to June 30. ...12,740,284 12,419,262 2,376,665 2,688,147
Jan. 1 to Oct. 31---- 11,579,550 12,358,526 2,796,698 3,184,457
July 1 to Oct. 31___ 4,306,616 5,460,572 1,209,220 1,386,2 / 2 Nash. Ch.<\r St.L. ,b..N ov.
382,037
425,015
174,201
175,629
Jan. 1 to Nov. 3 0 .... 4,350.2 43 4,707. L62 1,763.079 1,786,150
160,743
164,473
Peoria & East’n a. 11Oct.
6.991
52,978
830,234
Jan. 1 to Oct. 3 L___ 1,451,336 1,436,202
July 1 to Nov. 30. .. 1,892,883 2,225,0 L4
887,522
165,198
404,968
July 1 to Oct. 31___
638,267
638,850
101,369
165,771 Nevada Central........Sept.
4,470
523
2,646
1,482
497
Jan. 1 to Sept. 30___
31,272
30,720
5,967
Oleve. & Marietta...July.
26,574
25,309
2,264
5,447
Jan. 1 to July 31___
202,444
12,716
468
182,947
37,760
39,066 New Orl.&South..a1I-Oot.
def.338
I 1,074
111,444
def.
2,641
def.
45
Jan.
1
to
Oct.
3
1
97,327
Col. H. V. <fcTol....bSept.
307,997
322,581
174,384
163,018
40,131 def.3,433 def.5,93 8
July 1 to Oct. 3 L
33,667
Jan. 1 to Sept. 30___ 2,474,477 2,462,437 1,060,518 1,133,658
1,023
Crystal'll....... .............. Oct.
1,315
602 N.Y.L. E. & West’n.c.Oct. 2,722,118 2,753,592 >1,016,686 *1,013,214
438
Jan. 1 to Oct. 31 ....2 4 ,8 3 4 ,4 0 5 25,820,644 *8,128,156 "8,095,795
Jan. 1 to Oct. 31----12,737
5,319
13,368
5,703
7,714
12,478
50,377
57,153
14,045
4,660
Current Elver............ Oct.
16,811
6,182 N. Y. & Northern..^.Oct
54,480
85,429
501,283
477,085
Jau. 1 to Oct. 3 1 ___
166,721
Jan. 1 to Oct. 31___
13 4,259
28,399
68,383
9,417
46,048
120.636
July 1 to Oct. 31___
75,781
73,888
34,171 N. Y. Ont. & W est.a. .Oct.
368,821
306,460
748,138
856,028
Jan. 1 to Oct. 3 1 .... 3,306,931 2,913.4-19
668,429
Den. & R. Granoe.b..Oot.
815,561
324,774
362,4*8
401,789
487,798
JuLyl
to
Oct.
31___
1,500,950
1,32
L,882
Jan. 1 to Oct. 31___ 6,518,871 7,569,813 2,6 L4,766 3,173,487
July 1 to Oct. 3 1 ___ 2,210,437 3,357,285
79.439
836,547 1,465,3 36 N. Y. Sus. & West..b.Oct.
78,681
168,580
168,484
658,762
647,589’
Jan. 1 to Oct. 3 1 .... I,47 9 ,9 i0 1,445,543
Des Mo. No. <feW..-H.Oct.
41.540
37,918
15,210
15,243
Jan. 1 to Oct 31___
343,759
349,724
14,691
14,168^
116,281
138,013 Norfolk <fc Southern .Oct.
35,630
36,543
130,898
125,089
Jan. 1 to Oct. 31___
363,024
357,653
Det.Bay City&Al.b.Sept.
20,574
32,794
7,26 L
12.997
Jan. 1 to Sept. 30___
328,082.
350,153
324,918
272,255
147,535
85,600 Norfolk & Western a .Oct.
931.377
943,594
Jan. 1 to Oct. 31___ 8,405,478 8,180.381 2,407,752 2,467,573
Det. Lans. & Nor.a..Oct.
113,268
128,829
29,526
55,049
Jan. 1 to Oct. 3 1 ___ 1,016,453 1,042,462
200,841
273,059210,088
291,818 Northern Central.b...Oot.
601,19J
712,230
Jan.
1 to Oct. 3 1 .... 5,810,091 5,931,665 1,796,004 1,710,531
Elgin Joliet & E. a ... Oct.
104,576
31,085
43,805
28,890
Jan. 1 to Oct. 31 . . .
736,535
703,410
1,622
205,531
207.408 Oconee & Western.IT.Oct.
3,503
............
July 1 to Oct. 31___
324,4o6
305,394
107,251
97,969 Ohio & Miss...........a Aug.
155,618
137,182
356,669
422,344
Eureka Springs....... Sept.
4,772
7.032
2,550
579,624
765,957
4,376
Jan. 1 to Aug.
31_ 2,747,93L 2,692,4*3
Jan. 1 to Sept. 30___
60,342
61,878
32,390
238,244
29,567
218,537
July 1 to Aug.
31_
680,^66 751,890
Evans. & Terre H.liSept.
140,000
118,797
90,000
34,277
69,703 Ohio River.......... blf.Oct.
47,272
73,992
91,241
July 1 to Sept. 30___
387,719
376,177
207,469
213.649
267,020
275,829
Jan. 1 to Oot. 31 ..
670,943
645,007
Flint & Pere Mar.a.-.Oct.
214,384
62,309
240,808
79,424 Oregon Imp. Co.a__ Oct.
82,037
73,616
350,605
350,768
Jan, 1 to Oct. 31___ 2,339,099 2,366,979
5 84,16L
703,536
660,164
Jan. 1 to Oct.
3 1 .... 3,253,207 3,282,69262 2,03 L
700,446
666,713
Dec.
1
to
Oot.
3
1
3,554,853
3,580,530
Ft.Worth &Rio Gr..Seot.
22,674
34,387
6,403
13,400
Jan. 1 to Sept 30.1..
253,937
253,257
65,446
8,966
10,273
57,828 Paducah Tenn.&A...Aug.
22,573
19,12 2
59,485113,393
Jau. 1 to Aug. 31 . . .
207,766
129,207
Gadsden & Att. UnH.. Oct.
574
1,008
325
551
7,092
4,396
Tenn. Midland...... Aug.
Georgia............„„.a.Nov.
18,592
17,056
155,402
14,9,767
88,733
56.574
15.206
50,837
Jan. 1 to Nov. 30___ 1,277,416 1,357,206
Jan. 1 to Aug. 3 L..
149,228
117,046
377.511
315,829
July 1 to Nov. 30___
610,700
662, L68
265,124
223,s68 Penn, (east P. & E.)..Oot. 5,480,275 6,290,883 1,843.525 2,069,114
Jan. 1 to Oct. 3 1 ....5 5 ,7 8 4 ,2 2 4 56,889,637 15,967,190 16,597,704.
Ga.South’n &Fla.b...Oco.
68,650
17.846
73,058
29.118
Jan. 1 to Occ. 3L___
658,173
621,367
94,309
164.708
Deo. 516.624
Dec. 666,876
Lines west P. & E..Oct.
Julv 1 to Out. 31___
•243,479
254,787
33,482
77,592
Dec. 740,020
Deo. 921,u46
Jan. 1 to Oct. 31---Grand Rap. & Ind.1T..Oct.
230,826
291,452
52,823
97,844
79,062
37,825
35,26?
i.
70,000
5eoria Dec. & Ev..aSe
Jan. 1 to Oct 31___ 2,405,354 2,699.557
471,257
791,447
108,005
•236.296
100,074
208,619
July 1 to Sept. 30. .
Grand Tr’k of Can. 1[.Oot. 2,032,682 1,840,607
696,177
554,004 Petersburg............ TT.-O
16,033
40,506
18,602
37,600
Jan. 1 to Oct 3 1 ....16 .5 11 ,0 7 4 16,14o,605 4,763,136 4,523,006
454,447
155,197
446,250
192,693
July 1 to Oct. 31 . . . 7,312,607 7,022,139 2,235,267 2,030,730
.
152,342
166,680
57,533
75,194
Ohic. & Gr’d Tr..1T.Oct,
592,377
266,534
311,428
585,284
184.756
236,328
60,808 Philadelphia <fe Erie..Oot..
495,303
Jan. 1 to Oct. 31___ 3,64?,954 3,116,609
866,513
679,276.
. 4,397,475 4,383,309 1,400,638 1,32 7,939
Jan. 1 to Oct. 31
July 1 to Oct 3 L___ 1,898,305 1,204,328
764,538
228,988
1,053,161
. 2.127,433 2,218,219
1,043.786
Det.Gr. H. & Mil.IT.Oct.
112,866
103,887
18,775
33,530
.18,762,607 19.101,570 7,401.956 8,493,018
Jan.
Jan. 1 to Oct. 31___
948,256 1,020,491
155,703
238,890
.20,880,974 20,983.091 8,414,091 9,279,224
to
Oct.
31.
Dec.
July 1 to Oct. 3 1 . . .
415,875
451,586
84,158
128,580
311,016
. 2,923,623 2,076,865
358,359
3,518
Gulf & Chicago, b ___Oct.
5,339
1,941
def 53
855,145
697,208
Dec. 1 to Oct. 31 .21,622,709 19,754,713
Jan. 1 to Oot. 31___
33,823
29,115
4,601 def. 1,133
. 5,051.053 4,325,083 1,411.520 1,354.802
Total
both
Co’s
g..O
c
Uoos.Tun. & Wilm.1T.Oct.
2,956
2,880
863
i,i i i
Dec. 1 to Oct. 31 42,503,683 40,737,809 9,111,300 10,134,371
Jan. 1 to Oct. 3 1 ___
30,380
29,610
7,386
9,475
Deo. 128.144
213,713
Dec.
Pitts. C. C. & St. L.ITNov..
Houst. E. & W. Tex..Nov.
55,034
52,323
28,023
16,547
334,449
Deo. 130,823
Deo.
Jan.
1 to Nov. 30—
July 1 to Nov. 30___
193,448
197,096
81,9 >8
53,727
def. 517
3,430
1,135
2,365
Pitts.
Mar
&
Chic.
.IT&ept.
Illinois Central. ..a.O ct. 2,668,343 1,878,110 1,185.376
623,359
27,490
28,859
1,597
2,336
Jan. 1 to 8ept. 3 0 ---Jan. 1 to Oct. 3 1 . . . . f t ,438,583 15.797,665 6,103,978 3,8(9,777
82,729
105,103
31,184
35,734
July 1 to Oct. 3 1 .... 8,537,752 6,681,517 3,155,844 1,704,680 Pitts. Youngs. & A..1JNov.
520,505
1,222,085 1,342, L85
489,119
Jan. 1 to Nov. 3 ~
Ind. Deo. & West..IT.Oct.
35,615
41,355
2,959
7,016
2,926
18,593
23,734
7,566
Jan. 1 to Oct. 3 1 ....
357,731
423,633
83.760
123,324 Quin. Orn.ifc K. C.bIT-Nov.
241.080
61,356
59,261
253,326
Jan. 1 to Nov. 30___
July 1 to Oot. 31___
155,911
39.012
198,749
69,142
25.321
30,431
5,036
9,729
Rich.
&
Petersburg1T-0ct.
Iowa Central.........b.Oot.
201,306
196,018
93,310
71,804
287,702
297,594
65,760
93,988
Jan. 1 to Oct. 31---Jan. 1 to Oct. 31___ 1,564,493 1,571,966
523,855
415,168
118,821
18,300
40.448
102,405
July
1
to
Oct.
3
1
___
July 1 to Oct. 3 1 .. ..
656,838
695,554
256,476
217,319
27,717
51.099
62.433
14,263
Iron Railway___b1T..Oot.
3,653
3,805
734
412 Rich. Fred. & Pot..IT.Oct.
243.419
195.639
624.028
632,995
Jan. 1 to Oct. 3 1 ....
Jan. 1 to Oct. 31___
32,622
29,788
3,720
981
July 1 to Oct. 3 1 ....
10,135
16,710
36,072
874
13,146
30,457
71,149
610 Rio Grande South. bITOct.
176,817
283,945
555,439
407,868
Jan. 1 to Oet. 3 1 ---Kanawha & Mich.b..Oct.
34,150
33,482
12.530
11,941
Jan. 1 to Oct. 3 1 ....
301,681
97,236
314,384
246,869
99,029
93,378
226,950
102,368 Rio Grande West. b .Oot.
July 1 to Oct. 3 1 .. ..
128,122
694, <41
780,673
128,933
43,334
Jan. I to Oet. 31___ 1,900,243 2,2o4-,40 1
42,245
327,382
394,947
739,231 1,006.516
July 1 to Oot. 3 1 ___
Kan.C. Clin. <&8pr.._Oct.
34,652
17,683
30.833
6,878
Jan. 1 to Oct. 31. ..
288;232
270,111
4,500
3,502
13,759
110,265
11,003
89,280 8ag.Tus.& Huron.. IT. Oct.
July 1 to Oct. 31___
110,645
103,434
34,070
113,733.
28,225
108,104
42,931
Jan. 1 to Oct. 31___
30,793
Kan. C. Ft. S. & M ..a .Oct.
431,569
2,703
2,932
491,497
8,119
158,954
7,620
154,407 Sag. Valley & St. L...Oct.
Jan. 1 to Oct. 31___ 3,899,000 4,125,276
23.373
19,282
9C6.354
78,629
77,957
Jan. 1 to Oct. 3 1 ___
973.264
July 1 to Oct. 31___ 1,462,935 1,715,273
377,580
456,05 4 St. L. A. & T. H.b..1TOct.
153.841
62,969
76,610
139,039
Kan.C. Mem.&B.a...Oct,
106,066
114,757
545,717
557,523
32,739
Jan. 1 to Oct. 3 1 .... 1,309,334 1,246,996
30,720
Jan. 1 to Oot. 31___
889,056
906,851
112.190
8 6 , 02*2 St. Paul & Dul...b.1T.Oct.
192,946
248,498
87,630
95,849
July 1 to Oct. 3 1 ....
341,773
382,009
40,263
30,891
1,726,759
630,060
3-0,898
Jan. I to Oct. 31___ 1,468,987
Keokuk & West’n bfiOet.
37,471
641,537
14,442
39,509
873,**73
230,864
3 76,331
July 1 to Oct. 31___
14,076
Jan. 1 to Oct. 31___
326,585
333,831
111.355
109,522 San Ant.& Aran. P..1TOct.
61,984
195.053
114.476
235,033
L. Erie All. &So..a1J.Oet.
7,221
111,4 16
2,0L4
8,627
271,136
2,38 4
Jan. 1 to Oct. 31— 1,521,033 1,345,207
Jan. 1 to Oct. 31___
66,100
68,205
12.052
15,815 8an Fr.&N Pac.a..1TNov.
20,743
20,123
66,761
63.157
L.Erie & West’ n.M .O ct.
___ ____
286,030
344.905
276,091
127,322
245,156
768.977
810,236
177.383
Jnn. 1 to Nov. 30___
Jan. 1 to Oct. 31 . . . 2,981,463 2,948,763 1,231,199 1,333.169
187,781
146,469
384.496
432,899
July 1 to Nov. 3 0 ---Louisv. Ev.& St.L.u.Sept. 139,000 171,587
10,4^0
1
62,376
5-7,131
44.990
63,411 Sav. Auier. <fcMont...Oct.
H i Jtuy 1 to Sept. 3 0 ....
402,734
448,322
44,245
156,614
412,664
430,480
Jan. 1 to Oet. 31---110,131
15
-Gross Earnings,1892.
1893.
$
$
54,226
70,748
562,494
591,976
22 L,834
272,441
_
Roads.
Cin. Jack.& Mack.1T b . Oct
Jan. 1 to Oct. 31---July 1 to Oct. 31___
D ecember 23, 1893.]
Roads.
SUrerton..................Ti.Oct.,
Jan. 1 to Oct 31—
South Bound........ a..Oct.
Jan. I to Oet. 31___
South Carolina....... fOet.
Jan. 1 to O e t 31.
N ot. 1 to Oot. 31.
Southern Pacific Co.—
Gal. a . & S. A n t t>. .O o t
Jan. 1 to Oot. 3 1 ..
Louisiana W e st. b. Oct
Jan. 1 to Oct. 3 1 ..
M'gan'# La. A T. b Oet.
Jan. 1 to Oet. 3 1 ..
N .Y .Tex. A M
I. .Oot.
Jan. 1 to Oet. 3 1 ..
Term A N. O b . . Oot.
Jan. 1 to Oct. 31.
THE CHRONICLE.
*—-Grots Earnin js.—y,-----Net Earninas.—
1893.
1892.
1893.
1892
$
*
*
$
8*834
13,253
5,490
8,323
55,326
79,009
18,929
34.500
21,900
24.075
5,774
8.373
191,042
31,427
160,550
2 i,795
127.132
136,445
59,272
74,928
1,07 4,033 1,042,627
262,013
3 11.291
1,311,450 1,347,071
328,235
401,982
476,257
192,692
423.594
181,619
3,510,005 3,703.049
885,560
828,353
109,598
113,191
65,288
63,515
913,471
859,919
431,014
413,401
609,067
613,359
196,445
241,130
731,609
4,315,323 4,250.543
755,763
35.823
20,946
33,345
23,054
212,956
203,939
74,068
64,059
153,806
153,105
75.809
70,847
1,466,471 1,373,808
663,336
561,511
1,379,751 1,408,868
575,939
588,793
10,555,782 10,500,813 2,827,230 2,644,172
Pacific system, b . .Oct. 3,332.009 3,452,083 1,597,107 1,558,176
Jan. 1 to Oet. 3 1 .. 29,581,818 29.897,913 11,734,374 11,938,678
Total o l a ll.b ... O e t 4,699,761 4,380,951 2,161.046 2,146,969
Jan. 1 to Oet. 3 1 .. 40,125,601 40,388,756 14,549,664 14,632,850
Southern Pacific P.R.—
Coast and South’ n Cali
982,261
543,179
468,904
fornia D iv a ..IT.Oet. 1,011,590
Jan. 1 to Oct. 31.. 9,110,361 8,541,183 3,974,465 3,703,303
73,302
200,901
208,841
93,506
A rizona Ul vis' d . .Oet.
470,709
612,269
Jan. I to Oct. 3 1 .. 1,693,683 1,639,412
89.154
95,187
37,615
53,2 47
New Max. D iv.bT .O et.
789,319
837,825
297,631
401,614
Jan. 1 to O e t 3 1 ..
121,916
140,855
63,106
76,088
CaliPijJa P acific.’iS e p t
75,433
214,860
86,852
176,660
Oregon & Calif's!, VSept.
24,160
79,112
21,091
Staten I. Rap. Tr. be . Or?.
73,665
296,162
893,697
920.411
322,971
Jau. 1 lo O o t 3 1 ___
437,571
461.303
139,310
200,335
Ju ly 1 to Oct. 31___
5,000
7,231
2,793
4,570
S ton y Cl. & C. M .. b ..s e p '.
13,421
41,719
51,916
26,351
Jan. 1 to Sept. 3 0 ___
17,301
26,879
3 7,72 i
27,966
Ju ly 1 to Sept. 3 0 ___
18,220
13,833
124,982
123,416
Su rnmit B ranch____ Oct.
88,674
81.997
Jan. 1 to Oct. 3 1 .... 1,058,119 1,038.292
98,862
23,123
10,047
114,593
Lykens V aliev....... Oct.
57,243
895,296
63,309
909,878
Jan. 1 to Oet. 31
210.109
213,432 def.9,404
2,274
Total both Go’ s . .y S ot .
141,514
147,579
Jan, 1 to Nov. 3 0 .,.. 2,178,106 2,195,020
77,300
........
........
Tenn, Coal I. St. B R A S o v .
742,000
Jan. I to Nov. 3 0 ___
1,414
1,615
6,160
4,519
Tex. Sab. V, St S A W .O ct.
40,173
44,755
Jan. 1 to O ct 3 1 .. . .
63.083
183,217
80.363
190,905
T oled o A 0 . Cent. b .:. Oct.
380,3 »o
552,702
Jan. 1 to Oct, 3 1 .... 1,662.018 1.822,961
20.>.0 t l
206,040
750,418
e « * .7 w
July 1 to Oct. 31 .. .
12,001
20,432
82,997
Tot. P eoria * '-Vest!»' Nov.
211,170
23 7.990
89 t.-Mi
905,8 ;o
Jan. 1 to Nov. 3 " —
102,016
121.082
444,180
4 i3A7Z
July 1 to Not. 3 > ...
14,339
31,092
10,302
37,291
C U tcr A Detow’e .-S .O o t.
11 i.394
303,482
130,155
371,915
Jan. I to Oct. 3 1___
75,886
84,511
191,493
192,228
July 1 to O o t.31___
O nion Pacific—
295,144
215,015
630,681
502,381
Oreff.S.L.AO.N .b...Oot.
Jan. I to Oot, 3 1 .. 5,021,178 5,972,843 1,953,150 2,400,928
364,102
233,533
675,519
485,238
Ore. R y .4 N .C o b ...O ct.
782,485 1,166.744
Jan. 1 to Oot. 3 1 .. 3,122,899 3,913,392
180,279
589,209
81.280
443,763
Uu, P, D. A O n lf.b
Oct,
785,710 1,170,169
Jan. 1 to O o t.3 1 .. 4,239.003 4,833,364
49,490
131,935
33,345
95,191
Bt-Jos. 4 Ud. 1*1... .Oot.
373.617
231.513
937.680 1,020,115
J an. 1 to Oct. 3 1,.
887,130 1,056,717
A ll other lin e*.b . . . Oct. 1.913.012 2,432,920
Jan. 1 to Oct. 3 1 ..I16,355,371 19,720.524 5,721,211 8 .02 0 ,41 1
1,945,731
1,460,903
4,493,269
3.499,570
Tot. U n.Pac.iys. b ... Oet,
Jan. 1 to Oet, 3 1 ..!30.196,134 35,489,591 9,504,099 13,151,867
66,822
140,211 def.7,454
82,603
Cen. Branch b ....... Oot.
143,899
424,505
828,676 !,113,265
Jan. 1 to Oot. 31 -.
12,011
17,014
90,207
39,311
M ontana C abinb . . . Oct.
209,481
904,105
159,147
881,906
Jan. 1 to Oct. 3 1 ..
2,343 def.2,749 det.4,998
2,918
Le'v.Top.A S, W. b . ..Oct.
27,940 dat.27,375 def.25.9i 2
23.338
Jan. 1 to Oot. 3 1 ..
def.516
205
4,540
3,984
M ao.A lm a* B .. b ..,O ct.
34,101 def.20,440 def.15.039
35,055
Jan. 1 to Oct. 3 1 ..
Grand total.bt ...O ct. 3.615.294 4.682,030 1,460,634 2,015,801
Jan, 1 to Oct, 31..131,383,015 37,070,981 9,703,062 13,660,010
429,807
419,308
W abash.h . .................Oet. 1.402.703 1,111.780
Jan. 1 to Oct. 3 1 -— 11.628.078 11.630,712 2,720,798 2,872,325
1,517,144
1,336,777
5,348,652
5,094,022
July 1 to Oot. 3 1 ....
32,740
27,003
125,412
140,583
West Jersey * Br.i.” .Oot.
413,672
373,673
Jan. 1 to Oot. 3 1 .... 1,474,810 1,494,916
36,306
100,379
34,324
100.024
Western M aryland...O ct,
384,741
343,682
971,401
Jan. 1 to Oot 3 1 .... 1.029,959
117,461
105,153
335.393
297,634
W estN , Y .4 Penn. bfi.O ot,
981,034
849,574
Jan. 1 to Oct. 3 1 ,... 2,984,969 2,910,366
433,509
325,5 49
July 1 to Oct. 31 — 1,186,470 1,297,819
34,931
34,401
96,106
98,324
W est Va, Cent A P -N ov,
340,851
398,356
Jan. 1 to Not . 3 0 .... 1,035,235 1,002,677
160,153
163,993
436,066
472,597
July 1 to Not . 3 0 —
7,716
20,686
W M t e b m Fuel Co... - Oct.
132,975
66,989
Jan. 1 to Oet. 3 1 ___
22,790
.
49,522
Ju ly 1 to Oct. 3 1 ,...
3,090
6.187 ddef.5,821
6,117
W tighter & Tenn ’“ Nov.
16,992
8,122
30,866
33,226
July 1 to Not . 3 0 ___
» N et earnings here given are alter deducting tax™.
h Nat earnings here given are before deducting taxes. ____
r Net earuiogs here given arc after deducting taxes on property,
d Ex [mutes include *3,576 for rails and fastenings.
c lo c i odes Milwaukee 4 Northern for all the period in both 3 ears,
r After deducting other expenditures for repairs,
general expenses, net Incotin applicable to In terest on bonds m October
was « 9C .t » l. against *110,411 hist year, and for ton months * 7 6 /,4eo,
a gains! **20,171. Mexican dollar* are treated aa equivalent to 80
cetrts fejited staf‘tMnoney, and a ll depreciation beyond 20 per sen t is
charged in the a b of*Item s.
a Hiidne-s of Lehigh Valley and Lehigh Valley & wiUtesharro
b psrttiieots cllnduaU-d for month and year to date.
10S1
h For September taxes are included in fixed charges ; for the months
preceding in operating expenses.
'A fte r deducting pro.iortion due roads operated on a percentage
basis, net in October, 1893. was *753,966, against *758.6,46 in 1892
and for ten months to October 31, *5,935,099, against *5,930,127.
’
r Includes only oue-half of lines in which Union Paoifio has a part
interest.
•Tol. Col. & Cia. included for alL periods, both years.
$ Iuciades Ooioradn Midland fo r ad periods, both Tears.
j|Including income from ferries, &c.
U A paragraph mark added after the name of a road indicates that
the figures for that road for the period given have not previouslv been
published by us.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, &c., with the surplus or deficit
above or below those charges.
Roads.
Atoh. T. & 8. Fe. . . . . tOct.
July 1 to Oct, 3 1 ___
St. L. & 8. F ............Oot,
July 1 to Oot. 31___
Aggregate total.. . fOct,
July 1 to Oct, 3 1 ....
Buff. Rooh. & Pitts,.Sept.
July 1 to Sept. 30___
Oam. * Atl. & Brs..fOct.
Jan. 1 to Oct. 3 1 ....
Chic.Burl. & Quincy..Oot.
Jan. 1 to Oet. 31___
- Inter't, rentals, d c 1893.
1892.
*
942,000
919,000
3,768,000 3,676,000
285,000
275,000
1,140.000 1,100,000
1,227,000 1,194,000
4,908,000 4,776,000
72,193
58,981
215,605
174,650
9,470
8,904
87,892
91,248
830,000
815,075
8,300,000 8,150,751
Cliic. & West Mich...Oct.
Jan. 1 to Oct. 3 1 ....
33,758
326,973
31,807
244,173
Olev.Cin. Chic. & St. L .Oct.
July 1 to Oct. 3 1 ....
Peoria A Eastern. IfOct.
July L to Oet. 31—
222,768
895,105
36,802
147,207
Current Rtyer............Oot.
July 1 to Oct. 3 1 ....
6,692
26.768
217,264
876,955
36,802
147,207
6,692
26,768
Denver & Rio Gr*de..0ct.
Jniy 1 to Oct. 31___
204,199
807,753
231,606
895,470
Del. Lana. & Nor....... Oct,
Jan. 1 to Oct. 3 1 ....
26,211
202,731
26,241
262,731
Evansv. & Terre tL.Sept.
July 1 to Sept.3 0 ....
30,250
81,350
51,979
505,156
21,746
64,809
F lint* Pore Marq...Oct.
Jan. 1 to Oct. 3 1 ....
Kan awha & Mich. . . . Oot.
9,770
Kan C. Clio. & 8pr. Out.
July l to Oct. 3 1—
13,618
54,552
Kan. C. Ft. S. & M ...Oct.
July 1 to Oc-. 3 1 ....
Kan. C. Mem. & Bir.-Oct,
July 1 to Oct. 31 —
Lake Erie & West’ n.li Oet.
Jan, X to Oot. 3 1 ...,
Loulsv. Ev. & St. L.Sept.
July Ito Sept. 30—
Nashv. Chat. A St. L.Nov.
July 1 to Nov. 30—
Peoria Deo. A Ev. ..Sept.
July l to Sept. 30___
Sag. Valley & St. L...Oet.
Ian. 1 to Oot. 31___
8an Fran.& No.Pac.f Nbv.
Jnly 1 to Nov. 30—
Tenn. Coal I. & RP-,.Oct.
Jan. 1 to Oct. 31 —
West Jersey A Bra..*; Oct.
Jan. 1 to Oct. 3 1 . . . .
90,706
351,780
39,989
158,152
54,687
540,660
47,043
141,130
123,109
611,070
25,508
76,525
3,557
35,567
17,311
86,712
80,300
663,300
14,231
191,497
52,965
505,919
6,771
-Bal. of Ret Earns.1893.
1892.
t558.372
1465.4.86
t l ,112,815 t l ,610,911
43,375
104,623
def.41,255
404,004
1601,747 t570.109
11,071,560 12,014,815
27,029
79,508
35,347
87,921
def.5,656
105,010
def. 8,558
75,222
9S4.488
884,219
2,956,702 3,402,768
39,173
36,931
def. 11,269
219,866
104,061
117,625
314,115
509,317
def.29.811
16,176
def.45,847
18,564
def.2,032
def.510
def.17,351
7,403
120,575
130,852
28,794
569,866
3,285
28,808
def.61,890
29,087
59,750
47,957
126,119
148,840
10,330
26.459
79,005
197,617
2,760
5,170
13,638
4,045 def. 6,760
51,552 def.11,571 def.23,759
90,699
68,188
63,708
363,081
17,800
87,973
33.246 def.7,230 def.7,528
151,282 d t 117,889 df,120,371
53,755
72,635
123,608
527,200
690,539
805,969
41,158
15,333
22, 55
123,159
15,434
16,972
123,302
51,092
52,327
612,983
219,164
274,539
24,979
12,317
10,290
75,108
31,480
25,566
3,557
def.854
def,625
35,567 def.12,194 def.16,285
17,075
3,405
3,048
85,413
102,368
59,757
17,000
79,300
12,843
13,372
19,905
183,609
100,176
230,063
t A paragraph mark added to the name of a road indicates that the
figures for that road for the period given have not previously been
published by us.
f Includes other Income.
New York Central & Hudson R ive r.—Following is the
statement of earnings, operating e xpenses, etc., of the New
York Central & Hudson River Rtilroad Company and its
leased lines. Miles operated in 1892, 2,096 ; in 1893, 3,334.
-Quar. end. Dee. 31.
-Six mos. tnd. Dec. 31.1893.
1892.
1893.
1892.
(Est.)
(Est.)
(Actual,)
(Actual.)
<P
. *
S
*
Gross earnings.........12,199,235 ) 1,831,070 21,235,830 24.046.000
8,063,000 16,716,075 16.331.000
Operating expenses. 8,317,554
P r o fit..............
Surplus ____
3,881,730
2,455,907
3.771,000
2,585,000
7,549,805
4,964,126
7,715,000
5,215,000
1,425,823
1,117,854
1,186,000
1,117,854
2,585,679
2,235,708
2,500,000
2,235,700
307,070
63,100
349,972
264,300
New York & Northern.—The report to the New York
State Railroad Commissioners for the quarter ending Sept. 30
shows the following :
1892.
Gross earnings. ......................................................... ,$173,989
. 130,857
Operating expenses,
1893.
$161,723
128,422
, $43,132
1,683
$33,301
1,968
T o t a l .............................— .................................... . $44,815
, 52,519
Interest, taxes and rentals ........................ —
$35,269
52,471
Net earnings___
Other i n c o m e ....__
D e fic it .........
.
$7,734
$7,205
THE
1032
CHRONICLE.
[V ol, LV II.
Houston West Street & Pavonia Ferry.
f For the year ending June 30,1893. J
This road leases the Broadway & Seventh Avenue, the Sixth
Lehigh & Hudson River Railway.
Avenue, the Ninth Avenue, the Twenty-third Street, and the
Chambers Street & Grand Street Ferry roads. The report to
(For the year ending June 30, 1893.)
the RR. Commissioners of New York State shows the follow
This railroad from Belvidere, N. J., to a connection with ing :
the Poughkeepsie Bridge system is controlled by the New
T U R N IN G S, E X P E N SE S AN D C H A R G E S.
Jersey Central interest. The gross earnings from traffic in
1 8 9 0 -9 1 .
1 8 9 1 -9 2 .
1 8 9 2 -9 3 .
1892 93 were the largest in the Company’s history—increasing Dross earnings.............................. $ 2 , 0 0 5 , 5 6 1 $ 2 , 2 6 1 , 9 3 3 $ 3 , 1 7 0 , 7 0 3
nearly 35 per cent over the earnings of the previous year. Operating expenses and taxes.. 1 , 4 5 3 , 2 1 3
1 ,7 4 7 ,6 5 7
2 ,3 8 3 ,0 1 3
The total tonnage hauled over the L. & H. R. Ry. was 968,677
Net earnings...................... . „ $ 5 5 2 , 3 4 3
$ 5 1 4 ,3 2 6
$ 7 8 7 ,6 9 0
tons as against 635,187 for the previous year, an increase of
923
4 ,1 3 7
1 4 ,3 8 3
over 50 per cent, while the freight earnings increased but Other income .............................
23 83 per cent. The report says that the very low rates in
$ 7 9 1 ,8 2 7
$ 5 2 8 ,7 0 9
Total....................................« ... „ $ 5 5 3 , 2 6 6
Deduct—
force on fast freight line traffic, of which the increased ton
$ 3 3 ,4 9 5
$ 3 3 ,4 9 5
$ 3 3 ,4 9 5
on bonds......................... .
nage consists largely, accounts for the disparity in the Interest
5 2 9 ,2 4 8
4 5 3 ,o 8 3
6 6 7 ,5 2 1
Rentals..................................... ...... .
percentage increase between tonnage and its revenue. The
$ 7 0 1 ,0 1 6
Total........................................ . $ 5 6 2 , 7 4 3
$ 4 8 6 ,5 7 8
bituminous coal traffic is steadily growing and the shipments
$ 4 2 ,1 3 1
9 0 ,8 1 1
via this route increased about 100 per cent the past year.
Surplus....................................... . def.$9,477
During the year there was expended in the way of better
G E N E R A L B A L A N C E SH E ET JU N E 3 0 , 1 8 9 3 .
ments and additions for the L & H. R. R’y, Orange County
Liabilities.
Assets.
RR., South Easton & Phillipsbarg RR , and Mine Hill RR. Cost of road................... $1,433,791 Capital stock, common,$1,050,000
500,000
Funded
d
e
b
t.......
Cost
of
equipment.......
214,905
Co., the sum of $182,431 and of this the amount chargeable to
Open accounts............. 5,092,660
Stocks and bonds............................... 9,223
the L. & H. R. was $129,379.
Profit and loss.....
313,792
Other permanent in
Earnings, expenses and charges were as given below :
vestments...................
40,^00
ANNUAL REPORTS.
E A R N IN G S AN D E X PE N SE S.
1 8 9 0 -9 1 .
1 3 9 2 -9 3 .
1 8 9 1 -9 2 .
Earn ings from—
Passengers...............................................
Freight......................................................
Mail, express, &c....................................
$
$
$
2 3 ,4 2 6
3 3 9 ,3 7 4
1 8 ,9 0 3
2 6 ,2 7 7
3 4 6 .4 0 9
1 8 ,6 5 6
4 9 ,8 6 6
4 2 3 ,9 4 9
2 3 ,3 5 4
Total.................................... .................
Operating expenses and taxes............
3 8 1 ,7 0 3
2 3 8 ,2 7 1
3 9 1 ,3 4 2
2 0 6 ,2 6 6
5 0 7 ,1 6 9
3 5 0 ,7 6 0
t Net earnings.......................................
1 4 3 ,4 3 2
1 8 5 ,0 7 6
1 5 6 ,4 0 9
INCO M E ACC OU N T.
1 8 9 0 -9 1 .
1 8 9 1 -9 2 .
1 8 9 2 -9 3
Net earnings............................... .............
Income from Orange Couuty RR.........
$
$
$
1 4 3 ,4 3 2
1 ,4 1 1
1 8 5 ,0 7 6
5 ,1 9 5
1 5 6 ,4 0 9
2 0 ,1 4 1
Total.......................................................
Deduct—
Interest on bonds...................................
Other interest........................................
1 4 4 ,8 4 3
1 9 0 ,2 7 1
1 7 6 ,5 5 0
9 7 ,5 2 4
1 3 ,6 1 9
1 0 9 ,6 3 0
1 3 ,5 4 9
1 1 0 ,2 8 6
1 4 ,9 5 4
1 1 1 ,1 4 3
1 2 8 ,1 7 9
1 2 5 ,2 4 5
33,700
62,096
51,305
Total.......................................................
Surplus__ . . . . . ......... ........ ...................... .
Richmond Fredericksburg & Potomac Railroad.
(For the year ending June 30, 1893.y)
The annual report says that two locomotives have been
bought, and two express cars and twenty gravel cars have
been built. Two old engines have been sold. The property
is in normal condition. “ We have been free from train acci
dents of any moment, and in the face of the pronounced de
cline in earnings, which we must this year encounter by
reason of the deplorable stagnation of business affairs, the
board expects to maintain the usual dividends.”
Results for four years were as follows :
E A R N IN G S, E X P E N SE S AN D C H A R G E S.
1889 90
$
Gross revenae...................... .709,614
Operating expenses............ .440,244
1890-91.
$
756,650
462,760
1891-92.
$
746,529
455,577
1892-93.
$
796.281
497,433
.269,370
Deduct—
Fi ved charges and interest... 79,177
Dividends............................ .144,320
Betterments..................... ...
293,890
290,952
298,348
85,145
155,660
19,518
84,459
156,650
17,893
95,089
156,660
13,280
Total................................. .223,997
Surplus.................... ........ . 45,373
261,353
32,537
259,015
31,937
265,029
33,819
Metropolitan Crosstown Railroad Co.
(For the year ending June 30, 1893. J
This company leases the Central Park N. & E. Rivers, and
the Forty-Second Street & Grand Street Ferry roads. The
report made to the Railroad Commissioners of New York
State shows the following :
E A R N IN G S , E X PE N SE S AN D C H A R G E S .
Receipts—
1891-92.
Gross earnings..................................................$159,539
Operating expenses ami taxes.................... 119,178
1892-93.
$847,883
611,458
Net earnings.........................
$40,361
Dish ursements—
Interest on bonds............................................ $30,000
Rents and guaranteed interest...................
3,140
$236,425
$30,000
179,441
Total.................................. . ....................... $33,140
$209,441
Surplus............................................................... $7,221
$26,984
G E N E R A L B A L A N C E SH E ET J U N E 30. 1893.
Assets—
Liabilities—
Cost of road....................$1,210,039 Capital stoclc, common, $300,000
Cost of equipment.........
62,650 Funded debt...................
900,000
Other permanent in
Interest on funded debt
vestments.....................
32,500
due and accrued.........
7,500
Supplies on hand...........
12,557 Rentals acorued.............
65,440
Cash on hand..................
31,711 Sundries..........................
509
Sundries..........................
486 Profit and loss................
90,833
Bills receivable..............
79,936 Accounts payable.........
36.236
Open accounts............
84,198 Open accounts...............
113,559
CCotal........ .......,$1,514,077
* Total...
,$1,5X4,977
Suoplies on hand............................... 45,306
153,490
Hash on band ................
Bills receivable..............
116.090
Open accounts.............. 4,943,247
Total................................................$6,956,452 Total.
.$ 6 ,9 5 6 ,4 5 2
GENERAL IN VESTM EN T N EW S.
Canada Southern.—At a meeting of the board of directors
held Dec. 20 a semi-annual dividend of 1 per cent out of the
earnings for the six months ending Dec. ill, 1893, and an extra
dividend of 34. Per cent, were declared, payable on the first day
of February next.
A statement was received from the Michigan Central Rail
road Company (December being estimated), which shows the
following results from the business of the past year.
1893.
Gross earnings of both roads...........................$16,075,000
Operating expenses and taxes................. ....... 12,136,000
Percentage of earnings............................. ........
(75*43)
1892.
$15,9i>8,000
12,046,000
(75-72)
Net earnings.................................................. $3,939,000
Interest and rentals.................................. ........ 2,401,000
$3,862,000
2.404,000
Surplus.................................................... ....... $1,538,000
Division as per traffic agreement—
To Michigan Central RR. co ..................... .......
1,065,000
$1,458,000
To Can. So. Rv. Co....................................... .......
Add balance from previous years............. .......
$473,000
176,623
Balance Dec. 3 1 ,1 8 9 3
......................
Less dividend of 1% per cent de
clared June 23 ..........................
$187,500
Less dividend of l k per cent de
clared Dec. 20.............................
187,500
Less extra dividend of k per
cent declared Dec. 2 0 . . . .........
75,000
$649,632
Balance............................................
1,077,000
$381,000
450,000
$199,632
Chattanooga Rome & Columbu*.—'The Central Trust Com
pany of New York has filed a bill in the United States Cir
cuit Court at Atlanta, Ga., to fore dose a mortgage for $2,090,000, with defaulted interest, on this property. The bonds are
guaranteed by the Savannah & Western Railroad. Default
was made September, 1892.
Chesapeake Ohio & Southwestern.—At Memphis, on
Monday, Mr. C. P. Huntington through his lawyers entered
suit in the Circuit Court against the Chesapeake Ohio &
Southwestern Railroad for $100,000. On the following day a
judgment by confession was entered in favor of the plaintiff
for $83,543. It is understood this action was taken under
agreement with the Illinois Central.
Chicago & Northern Pacific.—The Simmons Committee
of the Chicago & Northern Pacific first mortgage bonds issues
an agreement whereby the bonds are to be deposited in the
United States Trust Co., together with the defaulted October
coupons. The committee is authorized to investigate the past
financial operations of the company, and to take proceedings
to compel restitution of any moneys or securiiies improperly
obtained from the company. The committee shall within
one year, or thirty days before any sale under foreclosure, if
such sale be within one year, submit a reorganization plan,
which shall become operative when adopted by 70 per cent of
the registered holders of the United States Trust Company
certificates, at a meeting called for the purpose, of which due
notice shall be given.
Cleveland Canton & Southern.—The agreement for an
for an issue of $1,100,000 receivers’ certificates has now been
assented to by a sufficient number of the junior security
holders and creditors to render the plan operative. The ap
plication to the Court will be made immediately for authority
to issue the certificates, which will return to the company's
treasury about $2,000,000 of its bonds.
Colorado Fuel & Iron Company.—A press dispatch from
Pueblo states that the steel works of the Colorado Fuel &
Iron Company, which have been lying idle for months, will
resume operations early in January, As the company has
THE
D ecember 23,1898.]
CHRONICLE,
practically closed a contract with the receivers of the Union
Pacific Railway for 26,000 tons of steel rails and has also se
cured an order for the rails for the new Florence & Cripple
Creek Railroad, these orders will give employment to over
I, 200 men.
Columbus Sandusky & Hocking.—The stockholders of the
Columbus Shawnee & Hocking and the Sandusky & Columbus
Short Line have voted to consolidate in a company bearing the
above title. The plan for consolidating the two properties
under one management provides for the issue of §10,000,000 of
5 per cent gold bonds, a sufficient amount of which will be
placed with she Metrop litan Trust Company to redeem all
outstanding bonds of each corporation as they mature. The
old bonds may be exchanged for the new. After providing
for these bonds $1,1-11,000 will remain in the treasury. Five
million dollars of 5 per cent non-cumulative preferred stock
will be authorized, part to be exchanged for $2,152,037 of pre
ferred stock of the Columbus Shawnee & Hocking RailwayCompany, and for60 per c>nt, or $1,800,000, of the stock of the
Sandusky & Columbus Short Line Railway Company. The
balance, $1,0-17,983, will remain in the treasury. Five million
dollars of common stock will be authorized, $2,241,087 of
which will be exchanged for a like amount of the common
stock of the Columbus Sbawrtee & Hooking Railway Company,
and 40 per cent, or $1,200,000, of the stock of the Sandusky &
Columbus Short Line Railway Company, leaving in the treas
ury $1,558,933.
Hartford Sc Connecticut Western.—This road ia controlled
by the Philadelphia Beading & New England, and forms
part of the Poughkeepsie Bridge route to Hartford. The fol
lowing directors have just been elected ; A. A. McLeod, W.
R. Taylor, John W. Taylor, W . W . Gibbs, Charlemagne
Tower, Jr., H. O. Seixas, James Armstrong, J. H. Appleton,
J. O. Phelps, Henry Gay, Frederick Niles and E. W . Spurr.
llinois Central—Chestpeake Ohio & Southwestern.—The
announcement has been made by Mr. C. P. Huntineton that
he had sold the control of the Chesapeake Ohio & South
western Railroad to the Illinois Central. Mr. Huntington re
tains his first mortgage bonds but surrenders about threequarters of the stock'and a majority of the junior securities.
The transfer is made directly to the Illinois Central, and
nothing is said o f the Louisville & Nashville, and what share
(it any) the latter company has in the transaction has not
been reported.
Lake Shore k Michigan Sonthern.—At a meeting o f the
board of directors held Dec. 20 a semi-annual dividend of 8
per cent upon the capital stock was declared, payable at the
Treasurer’s office on the first day of February next.
Following is the statement showing the result of the busi
ness or the year 1893 (December being partly estimated) com
pared with 1892:
1893 (EH.)
Operating expenses ami t a x e s ....... . . . . . . 17.061,750
(72*03)
Per c e n t ,.......................................... . . . . . .
1892 (Actual.)
$22,415,383
15,803,190
(70*50)
y e t e & n j l o i r s . . . . — .. ......... $6,624,769
lotere&l, rentals* nod dividend* on tfuarantced stock ,. . . . . . . . —
. . . . . . ......... 3,370,000
$6,612,193
Batanee 4©sto ck ,. . . . . . . . . . . . . . . . . . ......... $3,254,769
<&6*58|
Equals p er attar©____ . . . . . . . . . . . . . . . . . . .
A m ount o f dividend* at § per ce n t... . . . . . . 2,967,990
$3,536.32!)
<*6'54l
2,967,990
Surplus for tbe y e a r ...... . . . . . . . . .........
“
**
$286,779
3,375,304
$263,839
....
91.271.186 — 5-37
......
1,258,560 = 7-33
—0 T 9
12,576 —
ta n e i earning**... . . . . . . . . . . .........
17,940 «= 0-55
in balance to stock— . . . . . . . . . . . .
per ct.
peret.
per ct.
per et.
Expenses include all expenditures for equipment brought
forward from 1892. and about $1,100,000 expended for renew
als and additions to equipment and betterments to road this
year. Nothing has been charged to construction or equip
ment since 1833. The funded debt has been decreased during
the year $250,000 by the operation of the sinking fund.
Michigan Central.—A t a meeting of the board of director*
held Dec. 80 a semi-annual dividend of 2 per cent upon the
capital stock was declared, payable on the first day of Febru
ary next, and also an additional dividend of
per cent,
payable at the same time.
f ollow ing ia a statement of the business for the year com
pared with that of 1893, December, 1893, being partly esti
mated.
108B
National Cordage—United States Cordage.—At Jersey
City Dec. 18th the sale of the propertv of the National Cord
age Co. by the receivers to the new United States Cordage Co.
for the sum of $5,000,000 was confirmed in the Chancery
Court by Chancellor McGill. The lawyer representing the
receivers stated the total debt of National Cordage was
$12,750,000, of which $11,300,000 has assented to the plan.
Out of a total of 200,000 shares t f the old company’s common
stock 192,259 shares have assented ; out of a total of 50,000
shares of preferred stock, 49,377 shares have assented. The
time for assenting is limited to Dec. 26.
Ernest Balcb, the owner of 30 shares, is plaintiff in a suit
against the old company, and appealed from the order of the
Coancellor approving the sale iu so far as it may operate to
free the old directors from liability for declaring illegal divi
dends. The appeal will be carried to the N. J. Court of
Errors and Appeals, but it is said will not hamper the sale to
the new company.
New Turk & Northern.—Messrs. Drexel, Morgan & Co.
give notice that in the plan of reorganization $390,000 bonds
of the new corporation may be used in exchange for shares
of the preferred and common stock of the existing company.
They are therefore prepared to receive such shares on deposit.
The new bonds will be part of an issue of $5,200,000, of the
par value of $1,000 each, ruaning 100 years from their date,
and bearing interest at four per cent per annum—principal
and interest being pavable in gold, and guaranteed by the
New York Central & Hudson River Railroad Company. They
will be secured by a mortgage covering all the property of
the New York & Northern Railway Company; and of the
issue $1,200,000 will be reserved to provide for a like amount
of prior lien bonds on the property.
The exchange will be on the following basis :
Preferred shares are to receive scrip exchangeable into the
new bonds at the rateof $600 of bonds for each 100 shares ($10,000) preferred stock. Common shares are to receive like scrip at
the rate of $100 of new bonds for each 100 shares($l0,000) com
mon stock. The notice says further : “ A3 under the decree
of foreclosure and sale the property of the New York &
Northern Railway Company is advertised to be sold at public
auction on December 38, 1893, we reserve the right to termi
nate these offers at any time without notice, after which all
security holders affected by the sale, who shall not have ac
cepted the offers now made, will from necessity be excluded
from interest in the reorganized company.
“ We are further authorized by the New York Central &
Hudson River Railroad Company to purchase New York &
Northern second mortgage bonds at 80 per cent, payable in
the new 4 per cent bonds above described. Over 90 per cent
of the second mortgage bonds have already been acquired.
The new bonds delivered in payment will draw interest from
July 13, 1893, This offer is likewise terminable at any time.
We reserve the right to declare the plan abandoned as a
whole, and iu that event to return the shares of stock, without
charge, to depositors upon surrenderor our receipts therefor.”
The statement of earnings for the quarter ending Sept. 30
is given on page 1081.
New York Central & Hudson Hirer.—The report for the
quarter and six months ending Dec. 81 is given on page 1081.
New York Lake Erie k Western.—The board of directors
of the New York Lake Erie & Western Railroad met and
considered the provisions of the reorganization plan which
had been recommended by the special committee. Owing,
however, to the late period of the year it was decided not to
publish the plan till near January 1. It ia stated that the
Erie committee offered to pay a minimum rental of about
$2,000,000 a year for the New York Pennsylvania & Ohio
road and that this was their ultimatum.
As to other terms, it ia said that the plan of reorganization
provides for the issue of a blanket mortgage for about
$70,000,000 at 5 per cent to take up the second mortgage
bonds, retire the floating debt a n ! leave a sufficient amount
of bonds for working capital without any assessment on the
stock. The second consolidated bonds amount to $33,600,000 and
they bear interest at 6 per cent. It is understood that Drexel,
Morgan & Co. will have charge of the readjustment. The
scheme may possibly be changed before it is finally issued.
Northern Pacific.—The interest due Jan. 1 on the first
mortgage bonds of this company, and also the sinking fund
charges, will be paid under order of the Court, This avoid
ance of default on the first mortgage disposes o f the question
of any attachment of its lien to those lands pledged to the
preferred stock.
A report of the Auditor for the three months July, August
and September gives the following earnings :
Grom gamings.
Operating ex pease* and t a x e s ...—
Per cent........ .......................... ........
189 31-Est.j 1892 (Actual.)
$18,075,000 $15,908,' 00
. 12.136.000
12.040,000
(75-50)
(75-72)
S et earnings..................................
Interest and rentals...........................
. S3.939.000
. 2,401,000
$3,862,000
2,404,000
Surplus earnings........................
Proportion to Canada Sout hern Co
. $1,533,000
473,000
$1,458, OOO
361,000
Net...................
Other Income,
.$1,886,586
.
173,705
Proportion to Michigan C en tra l....
Incom e from investm ents................
, $1,065,000
46,000
$1,077,000
47,000
Lose on Wisconsin Central from duly 1 to Sept. 2 6 ................
$2,060,261
125,568
Net income................. .......................... ..
$1,111,000
Equals per share for Mir hies a Central.........($o‘93)
Dividend 'i p o. Anil. I. l o 9 3 .......... $374,764
Dividend. 2 p. c declared Dec. 2 0 .. 871.784
Dividend 1*5 p. r. declared Dec, 20. 281,073— 1.030,601
$1,124,000
($6-00)
B alan ce..........„.......................................... ............................... *1,934,693
Charges accruing in the 3 months............................................... 1,567,601
O res*................................................................................................. *4.467,460
Operating expen ses...................................... - ........... - .................. 2,580,904
Net surplus over and above all charges o f every kind..........$367,092
The Auditor estimates a similar surplus above charges for
the three months of October, November and December, or
A 11 expenditures for impruvements and betterments to the say $735,000 for the six months. He estimates that there will
property have been charged to operating expenses. No charge be $2,378,000 applicable to the first mortgage interest and sink
ing fund charges on January 1, aud the amount required will
has been made to construction account during the year.
Bnlaacc ..... ................................. ..... . . . . . . .
$30,399
108 i
THE
CHRONICLE.
be $1,643,005. It should be remembered, however, that the
Northern Pacific makes its large earnings in the last half of
the calendar year, and usually runs behind considerably in
the first six months from January to June.
New York New Haven & Hartford—Old Colony.—The
time for the exchange of Old Colony stock for consolidated
expired this week, and only 55,000 shares out of a total of
131,675 had been turned in. The reluctance of the Old Colony
stockholders to exchange, thereby securing 9 per cent instead
of 7 per cent, is said to be explained by the fact that in sur
rendering their stock the Old Colony holders resigned all
right to the property. Should there ever be any change in
the relations of the New Haven and Old Colony, the latter’s
stock outstanding would control the road.
Oregon Pacific.—The Oregon Pacific Railroad was sold at
Corvallis, Ore., Dec. 15, at auction, to Messrs. Clark and
Hughes of New York, representatives of the Blair-Wharton
bondholders’ committee, for $200,000. There were no other
bidders.
Clark and Hughes acted for the joint committee of the
bondholders and receiver’s certificate holders, viz.: Messrs.
James A. Blair, Joseph Wharton, James J. Belden, S. S.
Hollingsworth and F. K. Pendleton. Only such bondholders
and certificate holders as have contributed to purchase the
road will share in the benefits of the purchase. The road was
sold in January, 1892, to Mr. T. E. Hogg, for $1,000,000, but
he failed to complete the purchase, and after various post
ponements the property has again been sold. The confirma
tion of the sale will come up on the 26th inst. In addition to
the $11,000,000 of debt under the mortgage there are $850,000
of receiver’s certificates.
Oregon Railway & Navigation.—A committee has been
formed, composed of Alfred S. Heidelbach on behalf of the
Deutsche Bank of Berlin, William L. Bull, George Coppell,
Charles S. Fairchild and A. Marcus, representing the principal
holders in Europe and America of the Oregon Railway &
Navigation Company’s consolidated 5 per cent gold bonds, to
protect the interests of such holders in view of the default in
interest on December 1. The committee announces that it is
in harmony with the committee for these bonds which has
been formed in Germany, and invites bondholders to send to
it their names, addresses and the amount of their holdings.
For the collateral trust 5 ner cent bondholders Messrs.
J. Crosby Brown, of Brown Bros. & Co., James Jackson, of
Lee, Higginson & Co., and Robert Fleming, of London, have
been appointed a committee.
Philadelphia & Reading.—The answer of the receivers to
the complaint of Mr. Isaac L. Rice has been filed in the U. S.
Court in Philadelphia.
Of Mr. Rice’s connection with the company it is stated:
"The petitioner. Isaac I,. Eice, was appointed foreign representative
of the Philadelphia & Reading Railroad Company in the month of
June, 1892, at a salary of $25,000 per year. By the'terms of some of
its mortgages, the Philadelphia & Reading Railroad Companyis re
quired to pay interest upon its bonds and to maintain an. office of reg
istry in the city of London. For some years prior to June, 1892, the
head of the London office had been paid a salary of $6,000 per year,
and the coupons there payable bad been paid at maturity under bis
direction. Upon the petitioner’s arrival in London he took charge of
the office, retaining substantially tbe same clerical force, and con
tinued to occupy that position until his return to this country in
the month of March, 1893.
*
*
*
*
*
*
Upon the receivers being notified by the trustee that he had been
appointed for the purpose of making a formal report to the bond
holders, the authority previously given was confirmed, and everything
wasthrown open to his examination aDd insnection. * * * While
thus holding an official relation to the company and a professional re
lation as a confidential expert employed by the trustee, he made copies
of various papers and accounts which he did not include in any report
to tbe trustee, but which he has since communicated to the news
papers. After his resignation he demanded for his services to the
trustee the sum of $10,000, which amount the trustee declined to pay.”
The answer then deals at much length with the facts in
reference to the purchases of the shares of the Boston &
Maine and New York & N ew England railroads. It says that
the facts were known to Mr. Rice before June 1st last, and
that it was competent for him to use the name of the company
to briDg suit, at his own* expense, upon failure of the com
pany or receivers to do so upon a good cause of action.
The receivers were unwilling to recognize or deal with
these stock purchases, except in so far as was necessary to
protect the company’s securities which had beeu pledged with
the brokers.
When the plan of readjustment was under consideration in
the month of May, it was necessary to adjust matters with
creditors of the company or to pay them in cash. Mr. Prince
held $350,000 of the collateral trust bonds to secure a claim
for several hundred thousand dollars. Unless an adjustment
of his account was agreed upon, he had it in his power to de
feat the reorganization.
In summing up the reply to the charges of mismanagement
the answer states:
“ Tire most satisfactory answer, however, to the alleged mismanage
ment. of the business is contained m _the accounts which have been
closed to the end of October of this year, and can be roughly estimated
for the month of November. While the first three months of tbe pres
ent fiscal year down to the end of February showed a diminutio» of
profit, in the operations of the two companies of $1,014,130, the re
maining nine months, which includes the whole period of the opera
tions of the receivers, show a diminution of profit of only $14,898 as
compared with the corresponding months of last year. In view of the
unparalleled depression in business which has prevailed during the
larger part of the present year, and which lias resulted in the almost
absolute stoppage of the iron industries along the line of the road,
these results must be regarded as surprisingly favorable.
“ The net earnings of the G oal* iron Comxtany for the m O D th of
October amounted to $358,359, a larger amount than was ever before
earned by the company in any single month. The total net earnings
[VOL. L V u ,
of the .joint companies for the entire year are estimated at $11,934,235,
and only lack $323,641 of being sufficient to pay all interest charges
down to aDd including the general mortgage interest, aftor deducting
for railroad equipment $1,540,595 ; for terminal charges, $400,000 ;
for improvements to railroad, including the improvements at the
crossing of Broad Street and Lehigh Avenue, Philadelphia, $262,128 ;
for miniDg improvements, $784,899 ; amounting in all to $2,987,622.”
Richmond Terminal — East Tennessee — Memphis &
Charleston.—It is understood that the receivers will ask per
mission of the Court to pav the defaulted July coupons on
the Richmond & Danville 6s between January 1 and 15, and
that the November coupons in default on the East Tennessee
Virginia & Georgia consolidated 5s will also be paid before
the expiration of the ninety days limit.
The receivers of the East Tennessee Virginia & Georgia
Railroad Co. announce that the coupons from the following
bonds due January 1 will be paid January 2 at the Chase
National Bank : East Tennessee Virginia & Georgia first
mortgage 7s and divisional 5s, Alabama Central 6-s and Knox
ville & Ohio 5s.
The interest on the 7 per cent bonds of the Memphis &
Charleston Railroad Company due and not paid on Jan. 1,
1893, will be paid at the Chase National Bank Jan. 2 next.
St. Lonis Alton & Terre Haute.—This company announces
that all the outstanding bonds of the company mature and will
be paid on July 1, 1894. An arrangement, however, has been
made with Drexel, Morgan & Co. and Vermilye & Co. secur
ing for the holders of such bonds the privilege of converting
them into the first collateral trust mortgage, St. Louis Division
4 percent gold bonds of 1990, of the Cleveland Cincinnati
Chicago & St. Louis (Big Four) Railway Company, to which
the pronerty covered by the Terre Haute bonds was sold in
1890'. On July 1 next these bonds will have an absolutely
first lien on the property mentioned. Any holders of Terre
Haute bonds may surrender them at once and receive pay*
ment therefore at par and accrued interest in the St. L. Div.
bonds at 90 per cent and accrued interest, together with a
bonus at tbe rate of 1-3 of 1 per cent for each full month be
tween the time when the bond is so surrounded and its
maturity.
Southwestern o f Georgia.—President Baxter, of this rail
road, leased to the Central of Georgia, has sent a circular to
the stockholders, in which he advises them to withdraw from
the Mercantile Trust Company of New York the stock which
they deposited in support of the proposed plan of reorganiza
tion. This is urged so that the stock may be voted upon at
the annual meeting on Feb. 8. As full a vote as possible is
required to enable stockholders to protect their interests in
view of the present status of affairs and the very important
questions that will come up. The Southwestern Railroad re
ports for the five months ending November 30 : Gross earn
ings, $508,741 ; operating expenses, $319,778; net earnings,.
$188,963.
Terminal Railroad Association of St. Lonis.—In regard
to the recent purchase of the St. Louis Merchants’ Bridge
Terminal Railway, official information is furnished the
C h r o n ic l e as follows:
First—This company has acquired control of the St. Louis
Merchants’ Bridge Terminal Railway by purchase of a ma
jority of its stock, and all these properties will henceforth be
operated jointly. In pursuance of the contract relating
thereto, this company has guaranteed, by endorsement, the
payment of principal and interest of three and one-half
millions of 5 per cent Merchants’ Bridge Terminal Company’s
first mortgage bonds and the interest on two millions of first
mortgage 6 per cent bonds of the Merchants’ Bridge proper,
this being the total issue.
Second—The new real estate mentioned in the last annual
report as having cost $1,545,559 has all been acquired since
the mortgage of 1889 was recorded, and under the terms o f
that mortgage is all covered by it as additional security. In
the report of 1892 it was stated that $493,333 was due on the
above real estate on account of deferred payments. Since
that report there has been paid off $50,000 on that account,
leaving $443,333 still due on real estate, which amount is a
lien prior to the mortgage.
Thnrber-Whyland Company.—At a special meeting this
week the following were appointed a reorganization
committee of the Thurber-Whyland Company : John I.
Waterbury, Chairman, President Manhattan Trust Co.; Ed
ward H. Perkins, AVm. A. Nash. David Hunt, Franklin W .
Hopkins, Secretary. The plan of reorganization provides for
a new corporation—the Thurber Grocery Company—which
will take over the affairs of the old one, and it will have
$1,000,600 first preferred 7 ner cent non-cumulative stock,
$1,500,000 second preferred 7 per cent non-cumulative stock
and $1,000,000 common stock, all surplus earnings over these
rates to be divided among all classes of stock without prefer
ence. There will be assessments of 20 per cent cash on the
Thurber-Whyland preferred stock and 10 per cent on the com
mon. The present preferred stock will receive par in new
second preferred and will get new first preferred stock for
the assessment. The present common stock will get par in
new common stock and new first preferred stock for the
assessment. The remainder of the new preferred stock ($550,000) will be reserved to provide new capital. The Manhattan
Trust Company will receive assents to the plan and payment
of the first assessment up to January 10, 1894.
Wisconsin C entral—At Milwaukee Judge Jenkins hasdirected the receivers to pay all of the Wisconsin Central
first mortgage interest maturing Jan. 1.
THE CHRONICLE.
December S3,1898.J
ghe
C O T T O N . -
(JP o m m e rcta l jin x e s .
COMMERCIAL
F r i d a y N i g h t , December 22, 1893,
T h e M o v e m e n t o f t h e U r o p , as indicated by our telegrams
EPITOME.
I ’KiDAT Night , Deo, 22, 1893.
General business has been of moderate character and con
fined principally to the handling of staple articles in eoracnoa
use. Holders of merchandise accept quiet conditions of trade
as a seasonable feature and abstain from forcing business to
secure custom. The speculative spirit is held in restraint ex
cept so far as operations may be necessary to protect pre
viously-incurred obligations. There has been some foreign
demand for cotton again, but exporters generally appear in
different toward other staple commodities and shipments are
largely of goods to fill contracts.
The . grain markets
developed an easier tone in consequence of a tendency to in
crease previous estimates of corn crop, and an unexpected ad
dition to the visible supply of wheat. Reports of injury to
wheat crop by freezing weather prevailed early in the week,
but have not received sufficient confirmation to create alarm,
and at the close advices of crop conditions are fairly satis
factory. Swine are arriving at packing centres with greater
freedom, causing weakness in price of cured meats.
Lard on the spot has sold slowly, and early in the week
prices were decidedly lower, but later part of the loss was re
covered and the clore was steady at 7}£c. for prime City, 8 80c.
for prime Western and 8'60e. for refined for the Continent.
The speculation in lard for future delivery at this market has
been at a standstill and prices have further declined in sympa
thy with the W est, where packers have been operating to de
press prices; but there was some recovery from bottom prices
on buying by ‘ 'shorts’ ' to cover contracts, stimulated by small
stocks, closing steady.
ii A i n c cos i,sc, i-hices or
Sat.
Mon.
D ecem b er......................... 8 2 0
8 00
January.............................. 7*«0
7-sO
t urn
Toejr.
8-00
7-85
futures .
Wed,
8'05
7'0O
Thuris,
8'20
8-00
i035
Fri.
8-30
8'15
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 291,975 bales,
against 300,392 bales last week and 311,103 bales the previous
week; making the total receipts since the 1st of Sept., 1893,
3,897,120 bales, against 3.399,857 bales for the same period of
1892, showing an increase since Sept. 1, 1893, of 497,383 bales.
Receipts at—
Sat.
Mon.
Tues.
Wed.
Thurs.
Galveston......... 5,603 8,872 5,504 7,431 7,209
Velasco,
......
_. . .
....
......
New O rlean s... 10,894 16,816 26,026 17,807 11,896
M obile........
1,878 2,735 2,765
253
835
....
F lorida.............
......
.....
......
Savannah.. . . . . .
6,072 5,751 10,033 9,233 6,338
...
Bruns w*k,tfee. . . . . . .
......
......
......
Charleston.......
2,170 6,183 4,466 3,332
_. .. . . . . . . . . . . . .
Pt. R oyal, &o. . . . . . .
....
W ilm ington___ 2,272 4,334 1,606 1,665 1,526
......
Wash’ton, <Ssc.
......
......
......
Norfolk.............
5,872 4,384 6,430 2,497 3,789
West Point.*. 2,7 U
1,894 4,030 2,212 1,874
__. . .
......
N’ port N,, <fco. . . . . . .
......
......
S ew Y o rk .____
......
1,076
744
762
443
B oston ......... .
413
581
313 1,140
971
B altim ore........ . . . . . .
......
......
......
......
Philadelph’ a& c
608
60
160
68
664
Frt.
Total,
6,370|
2,893
9,639
1,870
2,047
5,270
2,362
.....
7,364
3,137
26
3,077
2,221
5,978
464
683
3,249
30
40,989
2,898
93,078
10,341
2,017
43,697
2,362
16,157
7,364
13,590
26
26,019
14,945
5,978
3,489
4,131
3,249
1,590
Tot’ls this week 38,532 52,744 61,995 46,983 35,041 56,6801291,975
The following shows the week’s total receipts, the total since
Sept. 1. 1893. and the stock to-night, compared with last year.
1893.
Receipts to
Dee. 22.
This Since Sep.
Week. 1 , 1893,
G alveston...
Velasco, &<s
New Orleans
M o b ile .......
F lorida. . . . . .
Savan nah ...
Br’ w io k .ie
C harleston..
P. Royal ,Ao
Wllminirton..
Wash’n, <&c
Norfolk........
West Point
N’p’tH .,*o
New Y o rk ...
Boston . . . . . .
Baltimore...
Philadel.,&c.
40,989 760,126
26,544
2,893
93,078 1,138,482
10.341 142,963
15,219
2.047
43,697 691,781
47,821
2,362
18,157 260,778
37,912
7,384
13,590 153,052
26
427
26,049 321,544
14,945 155,112
34,984
5,978
24,294
3,489
4,131
41,813
25,604
3,249
18,664
1,590
Norfolk.......
W. Point,&o.
All others...
26,049
20,923
16,868
Tot. this wk.
291.975
Stock.
1892.
This Since Sep.
Week. 1,1892.
32,450
1,994
71,921
10,048
932
20,653
9,427
6 194
102
6,711
15
9,730
6,218
259
3,330
5,460
3,162
2,366
786,788
34,475
908,376
128,393
14,709
588,341
113,921
231,413
324
135,623
556
182,369
156,946
11,011
21,070
41,886
23,882
21,774
1893.
1892.
180,187
2,926
333,280
39,224
135 925
6,690
316,682
37,691
116.696
114,200
Pork has been more active at lower prices, closing steady
16,400
14,800
at $13 75 a |14 50 for mess, $10 60 a$17 50 for extra mess,
88,262
56,229
50 for family and $13 25@§t3 75 for short char.
Reef is quiet but steady at $8®$8 50 for extra mess. $12®$14
23,574
27,267
for family, $10 a$IO 50 for packet and $19®$30 for extra India
....
mess. Beef bams are dull at $15 *$15 50. Tallow has been
98,130
46,441
dull but steady at 5 ® 5?£c. Lard stearine has further declined
31,663
13,484
to 9c. Oleo stearine is quiet but steady at 7}gC. Cotton seed
9,259
2,116
oil is quiet but steady at 28c. for prime crude and 34c. for
203,395 297,222
prime yellow. Butter is dull and weak, except for fancy, at
27,500
29,000
20 m27c, for creamery. Cheese is quiet but steady at 9 ai2LjC.
25,316
34,165
for State factory full cream. Fresh eggs are dull at 25 a 2dc.
14,726
16,335
for choice.
Coffee bas shown a somewhat unsettled tone with tem
Totals....... 291,975 3,897,120 190.972 3,399,857 1,209.238:1,149.847
porary tameness, but large warehouse delivery and good con
In order that comparison m ay be made with other years, we
suming demand restored a feeling of firmness. Rio quoted at
18tfe. for No. 7, good Cucuta at 20 % ® 21c. and interior give below the totals at leading ports for six seasons.__________
Padang 23}j<&2ic. Contracts for future delivery have been Receipts at— 1893.
1892. | 1891.
1890.
1889.
1888.
covered with some freedom, especially on the near positions,
39,091
36,749
34,444: 39,139
36.260
and values were firmer, but at the close the market weakened Galves’n.iSco, 43,882
71,921 100,24 2 96,877
95,429
95,521
under reports of the capture of Rio de Janeiro by the insur New Orleans 93,078
Mobile........
14.119
10,341
10,04S| 12,114
10 967
11,653
gent*
Savannah...
43,697
31,567
34,109
20,653
35.562
30,039
The following are the final asking prices:
14,251
7,431
6,296
18,978
13,522
Deo..—. ......... ..17 lOc. IMoh.................... 16 20c. , June .................lS-lOe. Char1ton, Asc. 23,521
6,250
4,055
4,314
6,726
3,517
Jan.................... 16 850. iA p r...................... 35-BOc. I J u ly................ 1515c. Wilm’ton,&o , 13,616
F e b ................ 16*50c. May.. .............1 5 '7 5c . A n g .................... 1505c.
Raw sugars have been fairly active and steady in price, but
importers generally wilting to p m with supplies at market
rates. Centrifugals quoted at 2%c. for 98 degrees test and
muscovado at 2% c. for 89 degrees test. Refined sugars selling
fairly and steadily without change in price; granulated
quoted at 4 % c , Teas are dull and irregular.
Kentucky tobacco has been in alow demand but steady;
sales 150 hbds,, mainly to exporters. Seed leaf tobacco bas
been in light request, but prices have held fairly steady; sales
for the week were 838 cas 's, as follows: 420 cases 1392 crop,
Wisconsin Havana, 8 ^ ® 18c.; 21 cases 1891 crop, Wisconsin
Havana, 9c.; 220 cases 1892 crop. Pennsylvania Havana, 10% @
11c.; 50 cases 1892 crop, Ohio, 5% c.; 23 cases 1892 crop, New
England Havana, 18d50c , and 150 cases sundries, 6 ®30c.;
also 480 bales Havana, (55c,@fl 10, and 250 bales Sumatra,
$2 00® -$4 50.
The market for Straits tin has continued slow, the sales for
the week being less than 100 tons, but prices have ruled
steady, closing at 20'70c. asked. Ingot copper has been dull but
fairly steady, closing at 1015c. for Lake. Lead has advanced
and the c l o s e was steady at 3'405x3'45c. for domestic.
Spelter closed nominal. Pig iron was in moderate demand
and steady at $ it 00 4 $14 50 for domestic.
Refined p - t r h u m is unchanged at B loc, in bbls., 2'83e. in
bulk and 8'25c. iu cases; crude in bbls, is firm, Washington
closing at 8c, in bbls. and 3 '50c. in bulk; naphtha 5%c.
Crude certificates have declined, but the close was steady at
BSJffC bid Spirits turpentine has advanced on stronger advices
from the South, closing steady at 29j>^ a30c, Rosin has been
dull and prices have declined to $1 2 5 @ fl 30, W ool is dull
and unsettled. Hops are quiet and easy.
9,730|
6,477]
24,677.
190,972
21,881
14.827
20,031
21,317
15,870
23,466
16,256
15,430
26,759
18,402
18,528
12,111
260,305
270,782
248,403
240.042
Since Sept 1 3-197.120 3399,857 4599.640 4235,208'4118,079 3629,971
The exports for tho week ending this evening reach a total
of 231,263 bales, of which 155,883 were to Great Britain, 25,604
to France and 79,775 to the rest of the Continent. Below are
the exports for the week and since September 1, 1893.
E xports
from —
W eek Ending Dec. 22.
E xp orted to—
Great
Conti Total
B rW n , France nent. Week.
Galveston— .
Velasco,
New Orleans..
Mobile & Pen.
Savannah .....
63,03 i
0,175 59,200
1,470
1,470
10,928 25,001 14,8 10 59,738
7,501
7,601
6,390
13,102 18,192
Charleston*...
21,268
Wilmington..
8,131
N’p’t News, &e 13,321
New Y o r k .... 11,280
7,273
Boston............
811
Baltimore.......
Philadelp’a.&e
15,293 30,550
14,592 14,592
2,950 11,081
7,929
13,321
4,090 15,973
603
7,273
7,295
8,136
From Sept. 1, 1893, to D ec . 22 1893E xp orted to —
Great
B ritain. France
373,763 52,753
337,570 223,970
20,725
83,410 26,890
17,067
2,600
122,821 11,175
50,915
78,509
350
42,172
10,908
179,170
8,235
08,704
26.931
3,832
7,003
Conti
n en t ,
07,411
20,225
178,400
Total.
219,036
6,330
87,768
69,053
2,950
493,917
20,225
740,000
20,728
329,336
25,997
221*754
120,508
81,809
92,697
2,212
61,100
1,855
10,908
280,108
70,916
81,883
8,858
. . . .. .. .
T otal............ 155,833 25,604 7^,775 261,202 1,425 604 329,805
809,687 2,505,150
Total, 1 892 .... 05,598 24,432 01,803 151,833 1,348,985 287,020
* Including Port Royal.
602,150 2,238.101
THE
1086
CHUON1CLE.
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & Barrows, 24 Beaver Street.
O X S H IP B O A R D , NO T C L E A R E D — F O R
Dec. 22 at—
Other Coast
Foreign wise.
Great
Britain. France
New Orleans...
Galveston........
Savannah........
Charleston.......
Mobile..............
Other p o r t ___
13,382
18,062
1,500
None.
None.
None.
760
None.
34.749
27,562
2,000
3,500
3,000
38.000
5,600
50.000
3,735
6,133
3,000
500
None.
5,740
None.
None.
15.080
9,268
4,00(>
1?,000
None.
None.
7,5do
35,000
Stock.
Total.
266 334
119.lt 2
106.196
72.262
36.224
54 690
189 495
64.764
66,94
61,025
1 0,500
16,000
3,000
43,740
13,900
85,00
Total 1 8 9 3 ... 134,4 Ll
33,694
19,108
300.111
9C9 127
Total 1 8 9 2 ... 7*,509
Total 1 8 9 1 ... 1117,575
19,3*3 102.385 18 014
33.503 62,102 20,122
215 241
233,302
934,606
1,047,215
82,898
Speculation in cotton for future delivery at this market has
been of a feverish character. A liberal crop movement served
as a depiessing feature during the greater portion of the
week and induced numerous holders of long engagements to
sell out. The cotton thus disposed of, however, seemed to
drift into strong hands; foreign buyers continued purchasing
at the South, while domestic spinners were showing interest.
With a great many operators the belief is that circumstances
have forced the marketing o f the crop unusually early, and a
large proporiion of recent business was based upon the con
tingency of an acute shrinkage of current supply after the
holidays. During the first three days of the week under re
view there were numerous fluctuations, with an average in
clination of value towards a lower level, the movement of sup
plies at both the ports and interior towns and disappointment
over the tenor of cable advices discouraging the bulls. O d
Wednesday, however, it was discovered that a large local
house had been buying spring options freely and that, sup
plemented by a covering demand on foreign account, quickly
strengthened and advanced prices. Yesterday the circulation
of a very small crop estimate iDfused additional strength and
temporary buoyancy but no investing demand following the
covering by shorts, a slight reaction developed before the
close. To-day the market opened firmer and higher, but
upon exhaustion of buying orders reacted and closed lower.
Cotton on the spot has sold moderately at lower rates, but
closes steady at 7 15 16c. for middling uplands.
The total sales for forward delivery for the week are 862.500
bales. For immediate delivery the total sales foot up this week
7,381 bales, including — - for export, 781 for consumption,
----- for speculation and 6.600 on contract. The following are
the official quotations for each day of the past week—
December 16 to December 22.
Bates on and off middling, as established Nov. 22 bv the
Revision Committee, at which grades other than middling
may be delivered on contract:
Fair.................................
Middling Fair............. . . .
Strict Good Middling.. . . .
Good Middling.. .........
Strict Low Middling...
Low Middling..............
Strict Good Ordinary..
on.
ou.
on.
on.
off.
oft.
oft.
Te
Ja
Good Ordinary................c. 1% off.
Good Middling Tinged...
Even.
Strict Middling Stained.. 7S oft.
Middling St lined.............. 1,6 off.
Strict Low Mid. Stiiaed.. 23 o oft.
Low Middling Stained___1% " oft.
On this basis the prices for a few of the grades would be as
follows:
UPLANDS.
S at.
Good Ordinary...........................
Low Middling..............................
Middling.......................................
Good Middling.......... ................
Middling Pair....................... ......
67s
GULF.
1*16
7*8
7 13 ,,
S at.
M o il T ues W ed
8 >4
8 1* •..
718
7118
713,e
8b
o8i6 8*4
Sat.
Low Middling..............................
Middling.......................................
Strict Middling
......................
G ood M id d lin g T in g e d ...............
61",
7^8
S ‘ t,
8 2S
815,0
TSi.
7
7U „
S>s
61-1,6
7 >9
8*4
813,«
3 a s y.....................
Jull a t i] d e c ..
jn ie t at
d e c ..
Steady a t i 16 a d.
Q’ t <fe f*ui.
ad
Friday.. Q u iet a n d firm ..
S at’dav
M onday
Tuesday
W ed’ d a j
T huU dh
Total .............................
Con- 1Spec Con
sump, ut't'n tract.
__
2*4) . . . .
8 8 )..........
1211 . . . .
92
108j
. ...
....
....
108
....
—
1J
11
>
<
®
1
l1 \
1
91,
9 1 ,6
F r i.
!: :
I! !
1 a: .
T li.
6»,„
743
719
SALES OF SPOT AND CONTRACT.
1 :
723s
7I&4F
Total.
■
Sales of
Futures.
3 ,3 0 0
700
1,400
600
600
264
3 ,3 8 8
821
1 ,4 9 /
708
708
1 0 6 ,10 0
13ft,900
1 7 0 .8 0 0
1 8 o ,0 0 0
1 3 6 ,9 0 0
1 3 2 ,8 0 0
6.600
7.381
8 6 2 ,5 * 0
0 •
14
734
7 2 l,2
7 1 6 ,.
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71,6
MARKET AND SALES.
Ex
port,
03 ►83 I
< 0 1
©
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F r i.
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
SPOT MARKET
CLOSED.
the Sales and P rices of F utures are shown py the
following comprehensive table.
71,„
9
M o il T u es W e d
6^
69ie
7yje 7k!
721.,a 723,2
fi
F r i.
T il.
6H U 6 \ | 613,,
77 6 7is
73s
713 6 7B
7 1 - ip
S!i
8%
811-|3 8 34
81 ■,«
s
8’v
87*
Good Ordinary.................... M..
Low Middling.............................
Middling.......................................
Good Middling,.........................
Middling Fair.............................
STAINED.
M o a Tues W ed
[V ol. LYIL
&
©
►
11 ^ O
l 9: : O
©
li i |
►
11 3
19; :
©
li i | 7
* Includes sales in September, for September, l,7 0 r; September*
Oetober, for October, 267,800; September-November for November
717,900.
For exchanges see page 1089.
to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well a s
those for Great Britain and the afloat are this week’s returns ,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Dec. 22), we add the item of exports from
the United States, including in it the exports o f Fridav onlr.
T h e V is ib l e S u p p l y o f C o tto n
THE
D ecember 23, 1893.]
l« 9 3 .
1893.
1891.
Stock at Liverpool.......bales. 1,149,000 1,544,000 1,301,000
6,000
6,000
8,000
Stock at London.... ..............
CHRONICLE.
1890.
874.000
26,000
900.000
3,300
140.000
1087
Q u o t a t io n s f o r M id d l i n g C o t t o n a t O t h e r M a r k e t s , —
: quotations o£ middling cotton at South-
.
I cotton markets for each day of the week,
Total Great Britain stock . 1,155,000 1,580,000 1,309,000
1,900
12,000
1,200
Stock at Hamimrg.....................
CLO SIN G Q U O TATIO N S F O R MTDOLING- COTTON ON—
S tock at B rem en .......................
172,000 116,000 129.000
Stock at A m sterdam ................
14,000
15.000
10,000
18,000
Dec. 2 2 .
Satur,
M071.
Tues,
Fri.
Wednes. Thurs.
Stock at R otterdam .................
200
300
400
400
Stock at A otw erp ......................
9,000
4.000
5.000
3,100 Galveston.
7“ia
7=4
7)4
7516
75ie
75i6
S tock at H a v r e .........................
389,000 406,000 250.000 160.000
7te
7=18
7=4
7=36
S tock at M arseilles...................
4,000
8.000
8 .0 00
3.000 M o b ile ... . .
Z q16
71*
73,
e
7=8
7Sta
7»16
72.000
70.000
Stock at B arcelona...................
48,000
55,000 Savannah..
Z ,i0
7^
7%
7%
71,6
71,6
5,000
7,000
Stock at Genoa...........................
7,000
6 .0 00 Charleston..
7Sg
73q
7%
7%
73,6
713
18.000
10.000
19,000
S tock at T rie ste ........................
7,000 Wilmington,
7*4
713
7H
7%
7H
7M,
Total Continental stocks.
672,200 637,500 ' 507,300 337,800 N o r fo lk ......
70 j6
7H
7te
7te
73ie
7=4
8
8
Total European stocks . . . . 1,827,200 2 , 187,500 i,aiU ,S00 1,2 -7,800 B oston . . . . . .
7 7s
7l0ie
7»Sl6
Z lt>ls
1 \
7%
7%
IrV '.I'll .......
lt r' r 1
57,000
42.000
20,000 ' 20,000 B altim ore...
7%
7%
Philadelphia
83s
8%
Arner. Corfu afloat for Euro, e .
777,000 430,000 712,000 60),000
86l 8
8=16
73jC'(j -1^
73lf®)4 7si«r®-*4 7310@>4.
73,8
E kypt,B razll,*o.,atltforE 'r'pe
67,000
48,000
50,000
50,000 A ugusta. . .
7hJ
7°ia
71*
IQ United States p orts,, l,2Q9,2:<81,149,847 1,280,517 891,024 M em phis...
)&ie
7=18
K
la
7%
73a
Stock in U. S. interior tow n s..
186.159 468,952 030.054 550,410 St. L o u is ...
7%
7=16
7%
7=16
714
7=4
United States exports to-day.
9 ),5 9 3
15,026
26,350
21,391 H o u s to n ...
76ig
7=18
73,6
C incinnati.
7k>
7=8
7=9
7=8
7%
7=0
Total visible supply.......... 4,468,190 4,3*1,325 4,53S,22t 3 ,4 2 1,625 L ouisville,.
7
71*
7=9
7818
7=4
7%e
O f the above, totals o f American ana other descriptions are as follow s:
Am erican—
The closing quotations to-day (Friday) at other important
L iverpool stock..............bales. 943,000 1,351,000 1,090,000 531,000
575.000
527.000 390,000 286,000 Southern markets were as follows.
Continental sto ck s.............
Am erican afloat for E u rop e...
727,000 430,000 712,000 601,000 A tla n ta......... .
7%
! N ewberry.........
7ts Little R o c k .,.
7
7
United States stock -------------- 1.2 0s,2381,149,847 1,280,517
891,024. Columbus, Ga.
6% M ontgom ery..
a leig h ............
6 7e
V
i!1j RSelma................
United States interior stock s..
4-6,15 9 468,952 630,051 550,410 CoSutnbua.JIiss
7ie
7
N ash ville.......
United States exports to-day.
94,593
15,026
26,3*0
2 ! 391 Eufaula............
7 ^ I Shreveport.......
7% N atoliez. . . . . .
6%
T otal American................ 4,034,990 3 ,9 * 1,826 4, la s.stti z ,930,826
R e c e ip t s f r o m t h e P l a n t a t i o n s .— The following table
B ait Indian. Brazil. <fr. Liverpool stock ........................
200,000 193,000 211,000 290,000 indicates the actual movement each week from the plantations.
London s t o c k ............ ...............
6,000
6,000
8,000
26,000 The figures do not include overland receipts nor Southern
97,200 n o , oo 117,300 101,800
Continental stocks....................
consumption; they are simply a statement of the weekly
India afloat for Europe............
57,000
42,000
20,000
20,000
E gypt, Brazil, A c., afloat............................ 8 7,000
4 -.0 0 0
50,000
50.000 movement from the plantations of that part of the crop which
Total
East India, A c .......... 433,200
_
■
398,400 4)6,300 487,800 finally reaches the market through the outports.
Total American................... 4,034,990 3,911,92* 4,129.921 2,936 ta n
Week
Totol visible sup ply.,.......4,1G8,I90 4,3*1.3*6 4.536,2^1 5^a*,0ati
r a c e Mid. pi., Liverpool.........................
4-,,d .
S>hd,
4l»d.Sigd.Endinft—
Price Mid. Dpi., Son- York—
7«i»o.
97ao.
7itpo.
9 »j^t
J3T Hie import* into Continental port* the past week have
been 92,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 120,885 bale- as compared with the same date
in 1893, a decrease of 61,Oil bales as compared with the
corresponding date of 1891 and an increase of 1,043,565 bales
as compared with 1890,
N or.
“
Dec.
’*
*
“
1 7 .,,.
2 4 .....
1 . .. ..
8 ....1 5 ....
22 .
Receipts at the Ports. SPk at Interior Towns. Rec’pts from Plant3ns.
1891.
1692. | 1893.
325.714
813,225
$03,131
295,£04
277.8S1
269.805
262,7 66 ,£99,571
251.784 j291,000
248,355 296,931
265,010 311.103
211,360 800,808
190.972'291,975
1891.
1892.
466,921 326,081
501,497 330.800
621,-419 390,627
554,764 432.154
607,463 455.149
030.054 468,952
1893.
1891.
1892. 1 1893.
388,676
409,689
122,460
441,720
468.906
486,159
369,457
347,801
813.C83
328,8--9
380.693
282.896
202,882;846,086
274,548 312,019
290,1321309,708
291,737 330,357
234,094'327,038204,775 309,168
The above statement shows: 1,— That the total receipts from
A t the I nterior Towns the movement—that is the receipts the plantations since Sept. 1 in 1898 are 4,307,113 bales; in
for the week, and since September 1, the shipments for the 1892 were 3,740,175 bales; in 1891 were 5,173,765 bales.
2.—That although the receipts at the outports the past week
week and the stocks to-night, and the same items for the
corresponding period of 1892—is set out ia detail in the were 291,975 bales, the actual movement from plantations was
309,168 bales, the balance going to increase the stocks at
following statement.
the interior towns. Last year the receipts from the plantations
an j
3 s
5- e.
£. f 3
III
k, © s s i - ■
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*-
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d s in c e S e p t . 1 .—
We give below a statement showing the overland movement
for the week and since September 1, A s the teturns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given.
This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Dec. 23
and since Sept, 1 in the last two years are as follows:
►
O*-*
*«
for the week were 204,775 bales and for 1891 they were
282,896 bales.
s
ifr»s
1893.
December 22.
Week.
00Of(OCXMM
Shipped—
V ia 8t. L ouis...............
V ia Cairo.................. .
Via Hannibal___ ____
Via Evansville...........
V ia L ouisville.............
Via Cincinnati...........
V ia other routes, &c.
© < * 5 * « * p 7-41 tc W CO© I C p j - O O X O ©
'M M ICCM 'IC * i b b » V . V « # © ‘ t i e to
-* ©
—z - i *- - ) t o w t o to » © © n . o o c © r M - W e i w c to cm o* -r
tO C* * - A M i - c « .— M «C © 0 * 0 - CMC*
-4 *0 »1 C ’ © © ©
M <J»©
© to totOMMm
>0to#0© © to _ to to*0W
III
___
-t fOA-tOkO * coto
00
W t o ^ <1© © to Kip* f
© ~O
i- ©08
« 03- ©M&-HS®© ,-^oa —50CM3S--M
C
W «W
** »o ® * © C : to » 0*1063 to M - ©. tf*.
CB>— M5Ca5Jt©<fcM«O©<»03
MCO —® C —WOtC^-tO-l© ©tO-*©©MCOMCftM
to
7I
K3
—©
©
to
© J3MM-
©
-SIMM*-*
M MpWdNwpp
© I MO*tOMS ^41© 1fc*J»© ©* l© eo© <ix 65X »-"i» MM©M ’©"#*> MX O ©
M©0*«5© -•©»&' X © M O»*l © m 06©^-S*J©
06 ‘ «© © X © ^ !•©©©
© I ©«o©-m ©o 1-©t.o©©otoeo©©©eowto©to©^©toM©*jtf>.©
© f-L --1 2 © O'- *- © © © to rt' r x :u5 x ©
* L o f i fc m i le flu ttres “ n e t " in b o t h yearg*
; Lawi ymr*&
nr* for 8b#tntftn, Terns.
•5
bates added for tlirt>ae;ii cotton since November 20.
The above totals show that the interior stocks have increased
during the week 17,193 bales and are to-night 17,307 bales
m ore than at the same period last year. The receipts at all the
town- have been 51,18? bales more than the same week last
year and since September 1 they are 371,133 bales more than
for the game time In 1893,
17,746
13,492
3,947
1,800
4,033
4.164
6 ,211
209,876
113,992
107,264
9,390
78,156
54.124
82,463
627,527
51,393
655,265
108.612
13,862
33,555
T otal to be deducted...............
20,950
180,839
17,400
156,029
L eav ln g total netov erla n d *.. 41.625 446,638
♦Including m ovem ent by rail to Canada.
33,993
499,236
Theforegoxng shows that the week’s net overland movement
this year has been 41,833 bales, against 33,993 bales for theweek in 1892, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 52,598 bales.
1893.
I n Sight and Spinner*’
Takings.
St
t TMi y m tp* tliroret estlisatfd-
303,862
132,474
10,845
5,467
54,365
57,973
62,541
110,375 14,313
16,831 1,396
53,683
1,686
Ill
x to * . 4 t » l
Since
Sept. 1.
12,459
1,273
7,224
So
S m 5.
j
—
*
w r-1r- r- "
f-*
"1
3O' © X O' 05X © on© Mcr© © X - JM | ?
^M M pp • p p
X x’ iV b > ’
rOfc’ i c b»1o
© to to ft*© 10© fD<3'—k. ©^*0CC j
-i ».v© © o-fx : © -jt © -.r*x o to-! ^ © -t - >'-i 4- —co© cov*00a *- oo«o
Week.
82,581
to iSptOp^ MJ-ilMm m to
j-*S'
© ft
to
1892.
Total gross overland..............
Deduct shipments—
O verlan d to N. Y ., B oston , &o.
Between interior t o w n s ......... .
Inland, A c., from S o u th ...........
© ©Otf ’ < t S»
os © t o © V © '— to * i *h **a>
i - ' m i O © © t o t o © rj<
—
to © « © © * * » • lo’ o o o o © a o < » o 3 < » * 4 - 0 © o o © c e © c o © w - j o t ©
© to '.J to M © M t-v to © © © a © “-I - #*■ © © '-J e - CO© © © to 00 05 © to ©
« lf
0>
30,422
12,102
2.246
100
4,5 46
5,496
7,669
Since
Sept. 1 .
Week.
Since
Sept. 1.
1892.
IVeeA.
Since
Sept. 1.
Reoelpta at ports to Deo. 2 2 ......... 291,975 3,897,120 190.972 3,399,857
Net overland to Dee. 2 2 ............... *1,626 446,638 33,993 499,236
Southern consum ption to Deo. 22 20,000 281,000 18,000 257,000
T otal m arketed........................ 353,600 4,624,758 242.965 4,156,093
Interior stocks in ex cess............... 17,193 409,993 13,803 340,318
,
256,768
Came Into Bight during week. 370,793
4,490,411
5,034,751
Total in sight Doc. 22.............
North*!! spinners takJsrff to D eo.22
797.558
911,112
It will be seen by the above that there has come into sight
during the week 370,793 bales, against 336,763 bales for the
same week of 1892, and that the increase in amount in sight
to-night as compared with last year is 538,340 bales.
1088
THE
CHRONICLE.
W e a t h e r R epor ts b y T e l e g r a p h . — Reports to us by tele
graph this evening from the South indidate that although
rain has fallen in most sections during the week the precipi
tation has in general bten light. The crop continues to move
freely.
Galveston. Texas.—It has been showery on one day during
the week, with rainfall to the extent of twenty-two hun
dredths of an inch. The thermometer has averaged 01, the
highest being 72 and the lowest 50.
Palestine, Texas.—We had rain on one day of the past
week, the precipitation reaching thirty-eight hundredths of
an inch. The thermometer has averaged 59, ranging from 42
to 76.
Huntsville, Texas.—There has been one shower during the
week, the precipitation being thirty-three hundredths of an
inch. The thermometer has ranged from 42 to 78, averaging 60.
Dallas, Texas.—Much plowing and small grain planting is
under way, but the soil is too dry for advantageous work. It
has rained lightly on three days of the week, the rainfall
reaching twenty-nine hundredths of an inch. Average ther
mometer 53, highest 72, lowest 34.
San Antonio, Texas.—The pecan crop is of fine quality and
abundant, affording a larger traffic than ever known. There
has been one shower during the week, the rainfall reach
ing twenty-four hundredths of an inch.
The thermome
ter has averaged 65, the highest being 84 and the lowest 46.
Duling, Texas.—There has been one shower during the week,
the precipitation being twenty-eight hundredths of an inch.
The thermometer has averaged 60, ranging from 42 to 78.
Columbia, lexas.—Rain has fallen very lightly on two days
of the week, the rainfall reaching but four hundredths of an
inch. The thermometer has ranged from 34 to 79, averag
ing 56.
Cuero, Texas.—We have bad one shower the past week,
the rainfall being fourteen hundredths of an inch. Average
thermometer 58, highest 76, lowest 40.
Brenham, Texas.—There have been light showers on three
days during the week, the rainfall reaching twenty hundredths
of an inch. The thermometer has averaged 60, the highest
being 77 and the lowest 44.
Belton, Texas.—Dry weather has prevailed all the week,
and rain is needed. The thermometer has averaged 60, rangfrom 34 (o 85.
Fort Worth, Texas.—It has been dry all the week. We are
in need of rain. The thermometer has ranged from 34 to 73,
averaging 54.
Weatherford, Texas.—We have had one shower during the
week, the precipitation being ten hundredths of an inch.
Rain is needed. Average thermometer 55, highest 75, lowest
35.
[VoL. LVJl.
Stateburg, South Carolina.—Rain has fallen o d t wo d a y s of
the week, to the extent of one inch and seventeen h u n d r e d t h s .
The thermometer has ranged from 28 to 07, averaging 44-5.
Wilson, North Carolina. —There has been rain on one day
duiiog the week, the precipitation reaching seventy hun
dredths of an inch. Average thermomet -r 43, bignesc 63 and
lowest 22.
The following statement we hav alto received by telegraph,
showing the h e ig h t of the r iv e r s at the points named a t
3 o’clock December 21, 1893, and December 22, 1892.
New Orleans.. .
Memphis............
Nashville............
Shreveport ___
Vicksburg..........
Dec. 21, ’93 Dec. 22, ’92Feet.
Feet.
— Above low-water mark.
2-7
4-9
___Above low-watermark.
6-8
13*1
— Above low-water mark.
6*4
20*5
___ Above low-water mark.
o6
243
___Above low-water mark.
7-8
19*8
J u t e B u t t s , B a g g in g , &c.— the market for jute bagging
has presented no features ot impoitance the past week. There
has been only a light demand but prices have been maintained,
the close to-night being at 5J^c. for 1% lbs., b%c. for 2 lbs.
and 6J^c. for standard grades in a jobbing way. Car-load lots
of standard brands continue as last quoted, viz.: 43^c. for
1% lbs., 4%c. for 2 lbs. and 5%o. for 2J^ lbs., f. o. b. at New
York. Jute butts continue very quiet at 1%:§1% c. for paper
grades and 2^@2%c. for bagging quality.
I n d ia C otton Movement from all F orts .—The receipts
and s oipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Dec. 21.
B O M B A Y R E C E IP T S A N D SH IPM EN TS
Shipments this week.
Oreat
Tear Great OontiBriVn. nent. Total. Britain
1893
1892
1891
1890
2,000 2,000
16,000 16,000
___ 3,U00 3,000
1,000 5,000 6,000
FOB
FOU B YEARS.
Shipments since Sept. 1.
7.000
5,000
4,000
6,000
Oontinent.
Total.
96,000
87,000
46,000
37,000
103,000
9 2,C00
50,000
43,000
Receipts.
This
Week. Sept. 1.
34,000
40,000
13,000
30,000
210,000
174,000
124,000
214,000
According to the foregoing Bombay appears to show
a decrease compared with last year in the week’s receipts of
6,000 bales and a decrease in shipments of 14,000 bales, and
the shipments since Sept. 1 show an increase of 11,000 balesi
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the 1st of September, for two
years, has been as follows. “ Other ports” cover Ceylon,
Tuticorin. Kurrachee and Coconada.
Shipments for the week.
Great
Britain.
Conti
nent.
Total.
Shipments since Sept. 1.
Great
Britain.
Continent.
Total.
New Orleans. Louisiana.—We had rain on one day of the
week, the rainfall reaching sixteen hundredths of an inch. Calcutta—
2,000
1893.........
3.000
5.000
The thermometer has averaged 56.
2;000
1892.........
5.000
7.000
Shreveport, Louisiana.—We have had rain on one day of M adras2,000
15.000
1893.........
2,000
8.000
23.000
the week, the rainfall reaching sixty-seven hundredths of
1,000
13.000
1892.........
6,000
1,000
19.000
an inch. The thermometer has averaged 54, ranging from 39 All others—
21,000
1893.........
to 77.
18.000
39.000
.........
14,000
21,000
1892.........
35.000
Columbus, Mississippi.—It has rained on one day of the
week, the precipitation reaching one inch and five hundredths. Total a l l Average thermometer 54, highest 76, lowest 28.
1893.........
2,000
2,000
32.000
35.000
67.000
1,000
1,000
1892.........
29.000
32.000
61.000
Leland, Mississippi.—We have had rain during the week,
one inch and forty-two hundredths. The thermometer has
The above totals for the week show that the movement from
averaged 53T, the highest being 75 and the lowest 28.
the ports other than Bombay is 1,000 bales more than the same
Meridian, Mississippi.—Telegram not received.
week last year. For the whole of India, therefore, the total
Little Bock. Arkansas.—Telegram not received.
shipments since September 1, 1893, and for the corresponding
Helena, Arkansas.—It has rained heavily on one day of the periods of the two previous years, are as follows:
week, the rainfall reaching one inch and seventy-seven hun
E X P O R T S TO E U R O P E P R O M A L L IN D I A .
dredths. Average thermometer 43, highest 64, lowest 30
1892.
1893.
1891.
Memphis, Tennessee.—We had heavy rain on two days in
the early part of the week, to the extent of one inch and toShipments
This
Since
all Ev.rope
Since
This
This
Since
sixty-seven hundredths, but the weather now is clear. The
week.
Sept. 1.
from—
week.
week.
Sept. 1.
Sept. 1.
thermometer has averaged 44-4 the highest being 69-8 and the
2,000 103,000 16,000
Bombay...........
92.000
3.000
50.000
lowest 28-9.
.
2,000
67,000
61.000
3.000
1,000
63.000
Montgomery, Alabama.—It has rained on four days of the Ill other ports.
week, the rainfall reaching eighty-three hundredths of an
4,000 170,000 17,000 153,000
Total..........
6,000 113,000
inch. The thermometer has ranged from 38 to 57, aver
Alexandria Receipts and Shipments,—Through arrange
aging 47.
Mobile, Alabama.—There has been rain on two days during ments we have made with Messrs. Davies, Benachi & Co., of
the week, the precipitation reaching fifty six hundredths of Liverpool and Alexandria, we now receive a weekly cable of
an inch. Average thermometer 52, highest 71 and lowest 33. the movements of cotton at Alexandria, Egypt. The following
Selma, Alabama.—We have had rain on two days of the are the receipts and shipments for the past week and for the
week, the rainfall reaching thirty-five hundredths of an inch. corresponding week of the previous two years.
The thermometer has averaged 49, highest 73, lowest 25.
Alessandria, Eoypt,
1891.
1892.
Madison, Florida.—Telegram not received.
1893.
December 20.
Columbus, Georgia.—There has been rain during the week
Receipts
(oantars*)___
to the extent of fifty four hundredths of an inch, on one day.
240,000
This w eek....
225,000
180,000
The thermometer has ranged from 26 to 54, averaging 45'5.
3,666,000
2,381,000
Since Sept. 1.
3,039,000
Savannah. Georgia.—There has been rain on three days of
Since
This
This
Since
Thit
Since
the week, the precipitation reaching seventy hundredths of an
week. Sept. 1. week. Sept. 1. week. Sept. 1.
inch. Average thermometer 50, highest 73 and lowest 31.
Augusta, Georgia.—Cotton is coming in freely. Rain has Exports (bales)—
To Liverpool............ 8,000 124,000 15.000 199.000 10,000 191,000
fallen lightly on two days of the week, the precipitation
To Continent............ 6,000 95,000 10.000 109.000 8,000 63 000
reaching eighty-eight hundredths of an inch. The thermomTotal Europe......... 14.000 219.000 25,000 308.000 18.000 254 000
eterhas averaged 46, the highest being 69 and tie lowest 25.
Charleston, South Carolina.—There has been rain d u r i n g
* A cantar is 98 pounds.
the week to the extent of eighty-seven hundredths of an
This statement shows that the receipts for the week ending
inch, on three days, The thermometer has averaged 49, Dec. 20 were 225,000 cantars and the shipments to all Europe
ranging from 33 to 68.
I 14,000 bales.
THE
D ecember 23, 1893.J
1089
CHRONICLE.
Total bales.
G alveston —To Liverpool, per steamers Craithorne, 6.775 . . .
Fulwell, 6,335 ...I d a , 5 ,0 3 1 ....Io n a , 4,721 ...K en dall,
6,350 . Luelna.6,836 ... Rita, 5 ,6 1 6 ....U nionist, 4,4 52.. 46,116
To Manchester, per steamer Glenisle, 4,930............................. 4,910
To Havre, per steamer Newby, 5,4 17........................................
5,437
To Hamburg, per steamer Silverdale, 9 6 2 ........ ......................
982’
To Reval. per steamer Roddam, 5 ,9 6 T.................... ................
5,967
Savannah —To Liverpool, per steamers Emir, 10,029 upland
1892.
1893.
and 2,175 Sea Island___Renown, 4,486 upland and 336
Se* Island
............................................................................... 17,026
(JOU
0 ott’n
To
Havre, per steamer Amaryllis, 4,450 upland and 253 Sea
32» Oop.
Lb*
8!* Ibt.
Mid. 32< Oop.
ifid
Island
...........
4,703
Twist.
Shirtings.
Twixt.
Shirtings.
Uplo
lipids
To Bremen, per steamer Tancarville, 6,0 L4............................
6,014
To Genoa, per steamer Buckingham, 6 ,1 5 0 ............... ............. 6,150
a,
a. ». a, a. a.
a. d. a. «. a. • a.
Charleston —To Liverpool, per steamer Massapequa, 8 ,6 0 2 .... 8,602
41 &1 .
Nv.I7 6% ®7% 5 9 0 7 7
lb s 7M OS1* ;5 6 0 7 0
To Bremen, per steamer Myrtledene, 8.200 ................... ........ 8,200
48. 7h OS's 5 7 . 9 7 2 SM
*' 24 em18a7% 5 8% 07 7
WLLminx-ton —To Liverpool, p er steamer Ormsby, 10,044 ......... 10,044
5hs
Deo. l 64i 071=8 5 8 0 7 7
41,8 74» WSH 5 7 8)07 2
Norfolk — l’o Liverpool, per steamers Lake Huron, 7,900___
7% OS's ,5 7VO ~ 3
•* 8 6U WB7% 5 7 ^ 0 7 7
She
Olive Branch, 5,681 : ..............................................................
13,581.
" 15 0’ ia ®7ti 5 7 0 7 6 4»18 75» OS=s 5 8 0 7 3ta SH
West P oint—T o Liverpool, per steamer Bretwalda, 8,701 ....... 8,701.
“ 22 6>* «7318 5 68107 5*3 4*,„ 7% ® 8»s 15 8 0 7 3>a 5M
B oston—To Liverpool, per steamers Columbian, 2,157.......
Pavonla, 8 7 5 ......................................
3,032
The following exchanges have been made during the week : Baltim
ore —To Havre, per steamer Nerano, 99 9..........................
999
•25 txf to exeh. 1,100 Jan. tor Apr. j 09 pd. to exeh. 200 Jan. for Feb.
To Rotterdam, per steamer Delano, 5 0 1 ............................
501
'08 pd. to exon. 200 Jan, for Feb
•17 pd. to exeh. 800 Jan. for Moll.
P hiladelphia — To Liverpool, per steamers British Princess,
•33 pil. to e xe h . 1.700 Jau, tor May. i *18 pd. to exeh. 100 .Mch. for May.
1,163.............................................................................................. '1,163
17 pd. to exeh, 1,100 Jan. for Meh.
’ 08 pd. to exeh. 500 Jau. for Fob.
16 pd. to exeh. 700 Jan. for Mch.
•32 pd. to exeh. 2.300 Jan. fo r May.
Total........................................ ..........................................................254,215
•16 pd. to exeh. 200 Dec. for Mch. *3 5 pd. to exeh. 200 Jan. fo r May.
The particulars of these shipments, arranged in our usual
•07 pd. to exeh. 1.000 Jan. for Feb. •35 pd. to exeh. 200 Jan. for Apr.
form, are as follows:
*08 pd. to exeh. 400 Feb. for Mch.
•I8pd- to exeh. 5,000 Jan. for Mch
•1C pd. to exeh. 200 Jan. for Mch.
•34, pd. to exeh, 500 Jan. for May.
Hull
Bremen R'dam Reval & Spain
•01 pd. to exeh. 400 Dec. for Jan.
•54 pd. to exoh, 300 Jan. for Aug.
Liver- A item<£ Sam- A Ant- Ohrist- and
-17 pd. to exeh. 800 Dec. fo r M ch
•27 pd, to exeh. 1,500 Jan. for Apr.
pool. Chester. Havre, burg, xverp. iana. Italy, Ac. Total.
•16 pd. to exeh, 100 Meh, fo r Mar. 09 pd. to exeh. 500 Jan. for Feb.
New Y ork.
4,748 6,532
603
50 2,151
708
1,181 15.973
*16pd. to exeh. 1.000 Jan. for Mch. *35 pd. to exoh, 1.500 Jan. for May. N. Orleans.
27 812 ........ 34,935 16,017 .'..................... 7,330 86,084.
•32 pd. to exeh. 600 Jan. for May.
•16 pd. to exeh. 200 Mch. for May. Galveston.. 46,116 4,930 5,437
962 ......... 5,967 ......... 63,412
Savannah.,
17,026 ........ 4,703 6.014 ....................... 6,150 33,893
Sea Island Cotton Movement.— We have received tlm Charleston. 8.602 ...................... 8,200 ............................
16,802
10,014
(Friday) evening by telegraph from the various ports the vtlmtngt’n l o . o u ......................
orfolk .... 13,581 .................................................
13,581
details of the Sea Island cotton movement for the week The NVest
Point S ,7ol ......................
8,701
receipts for the week ending' to-night (Dec. 22) and since Boston. . . .
3,032
3,032
999 .........
501 ......................
1,500
Sept, 1, 1893. the stocks to-night, and the same items for the Baltimore.............................
PhtladeTa..
1,163
............................................................................
1,163
corresponding periods of 1892, are as follows.
Manchester Market .— Our report received by cable to-nigh t
from Manchester states that the market continues steady for
both yarns and sheetings. The demand for home trade is
poor, but for foreign markets is good.
W e give the prices
for to-day below and leave those for previous weeks of this
and last year for comparison:
Receipts to Dec.
1893.
22.
1892.
This
Since
This
week. Sept* 1. week*
2.20” •il,4l< 1,*39
3s* 1,837
387
2,242
Total.............................
S#25
45,526
[
Block.
Sep"!. 1893. 1892.
2^484113.502
10,526
293 4.980. 1,235 1,383
332 2.4961 706 125
2.2B4 42.9aoilS.443 12.014
The exports for civ week eating this evening re ion a total
of 1.535 biles, of which 1,791 bales were to Great Britain, 50
to Franco and — to Revti, and the amount forwarded to
Northern mills has been 1,258 bales. Below are the exports for
the week and since September l in 1893 and 1893.
Exports
from —
8 avail nah.,.
Week Ending Dec, 22. Since Sept. 1, 1893,
Xorth’ n Mills.
Great FElite
Great Ft'nee
Total. BriTn
Total.
BriTn.
de.
de.
.
Since
Week. scp L l.
1,7 8ft
Florida . . . . .
New Y ork ..
Boston . . . .
Baltimore .
......
*50
1,78 5 15,700
166
60
......
T o ta l........
1,785
50
Total 1492,,
460
265
2,706
329
1,835 18,901
725
6.410
1,520 17,220
......
166;
13X2
......
4*018
329
5701 7,334
270
700
387 2,067
2,832 21,733
1.236 10,091
11 29
1,172 13,318
.
9,^89
W e in c lu d e each week o n ly such cotton as is a c tu a lly
exported. In other w ords, a la rg e portion of the Sea Islan d
cotton shipped t > foreign ports goes v ia N ew Y o r k , a n d s im e
sm a ll am ounts v ia Boston and B altim o re. Instead of g iv in g
such cotton in the exports fo r tiie week in w h ich it leaves the
Southern outports, we follo w the sam e plan as in our re g u lar
table of exports of in c lu d in g it when a c tu a lly shipped. Th e
d etails o f the shipm ents of Sea Isla n d cotton for the week w ill
be found under the bead “ S h ip p in g N e w i,” on a subsequent
page.
Q u o t a t io n s —D e i. 3 1 —S a v a n n a h , F lo r id is , com m on, I3 } £ c .;
m e d iu m fine, 1 6 if ; cho ice. 18'.-£.
Ch arlesto n , C a ro lio a s, m e d iu m fine, 20 to 3 2c.; fine, 30 to
3 5 c ,; e x tra fine, 40 to 50c.
S h ip p in g N e w s . —T he exports of cotton fro m the U n ite d
States the past week, as per la te s t m a il returns, have reached
2 3 1,2 13 bales. So f a r as the S ou thern ports are concem e .these
are the sam e exports reported b y telegraph and published in
the C h r o n ic l e last F r id a y .
W ith regard to N ew Y o r k we
in c lu d e the m anifests of a ll vessels cleared up to T h u rsd a y .
Total bales.
N e w Y o r k —T o Liverpool, per steamers Runic, 3,906.......
Sf rathtev-n. 842..................... ... .................................... .
4,743
To Hull, per steamers Buffalo. 3,421 .. Colorado. 3 l i t __ 6,532
TO Havre, per steamer La Gascogne, 550 upland and 53
Sea is la n d .......... ....... ..— .. --------------------. . . -------- -— . — .
603
To Bremen, per uteamer Havel. 50..................... .......... . . . . . . .
50
To Antwerp, per steamer Wsf'etend. 2 .1 5 1 -------- ------------ -------- 2 ,1s t
308
To Christiana, risr srnaiaer Island, 308 ...................................
To Cooe-Qliasrea, per steamer Island. 400.
... — .. . . ..
400
To Naples, p..r steamer Krouprlnz Friedrich Wilhelm, 9 3 1..
931
To Yoxoharuu, per steamer Oscar If.. 250 ........ .
....
250
N e w Or l e a n s - T o Liverpool, per steamers Floridian, 5,232 ...
Holb-ln, 3,200 __ fatnafCAii, 9,420__ Leonora, S,8;0 ...
Melbourne, 4.150...........................
.......... ...............
27,802
To Havre, per steamers Bendl, 8,248... . Hondo, 8 .064.....
Canaries, 6.563 .. Foscollo, 3,350 ...Tevertt, 8,200 ....... 34,935
To Bremen, per steamers Angerton, 5,330 — Ethel ti la,
5,337 ...Oro, 5,600............... ............... ............................... 15,667
To Hamburg, per steamer Hel vetia. 350 .................................
350
To Barcelona, per bark Barcelona, 500............. ............. .
500
To Genoa, per steame Diluteeid. 4,83d.................................... 4,840
To Leghorn, per steamer D nkeld. 2,000............................... 2,000
T o ta l....1 40,9 15 11,482 46.677 31,243 2,652 6,675 14,661 254,215
Below w a add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
G alveston —To Liverpool Deo. 16 -8 tea m «rs BiroblM d, 6.150; Os
westry. 6,417
Dec. 18—Steamers Hindustan, 5,861; Parkflald,
а. 6b2
1 9 -Steam er Daramora, 0,211 ..D ao. 20 -Steamer
Monrovia, 6.540___Dae. 21 -Steam ers Kilburn, 8,7 03___ Start,
<5,463.
To Bremen—Deo 14—Steamer Sidney Thomas. 6 '.75.
New O rleans — Do Liverpool Oau. 19 Steamer Alaxlom . 7 ,2 5 0 ....„
Dec. 20—Steamer Bernard Hall, 4,478
Dec 22—Steamer Vesta,.
б,
900.
To London - Dee. 20 - Steamer Oayo Mona, 900,
To Havre Dae. 16 Steamer D upuv dr Lima, 4.317 ...D a o. 18—
Steamer Highbury, 3.9 0 ..D ec. 20—Steamer St. Marnoolt, 6,175
___ Deo. 22—Steamers Aldborough, 4,900; Soawfcll, 5.187.
To Bremen -D ee. 1.5 Ste, tmav Sir i ■vrrie'. Wolrelay, 5,4 12, ■
I o Answer o —Dee. 1 0 -Steam er Dupuy de Lome, 200.
To Barcelona -D ee, 21—Bark Catalina, 2,337.
To Genoa -D ie . 20 Steamer Ocean Prince, 5,001.
Mo b il e - T o Liverpool—Dec. 2 1 -Steam er Verax, 7,501.
Savannah —To Liverpool - Dec. 21—Steamer Cyphrenes, 3,605 upland
and 1,785 Sea Island.
To Bremen—Dec. 21—steamer Badwortli, 5,600.
To Barcelona—Deo. 1 8 —Steamer Juan Forgas, 7.402.
C h a r l e s t o n — To Liverpool - Dec. 18—Steamer Hibernia, 6,134.......
D*«. 21—Steamer Abana, 7,724.
To Bremen—Dec. 16—Steam -r Ariel, 7,804.
To Barcelona -D e c . 16 Steamer Frutera, 2,438....... Deo. 19—
Steamer Chme<e Prince. 5.050.
P ort R oyal -T o Liverpool - Dsc. 18—Steamer Ratnleh. 7.350.
Wilmington —T o Bremen—Deo. 1 6 -Steam er Klyde, 4 ,592— Dec. 2 1 Steamer Castlcventry, lo.OOO,
No r f o l k — To Liverpool -D ee. 16—Steamer Michigan, 8,131,
To Bremen -D eo. 16—Steamer Avlona, 2 ,950,
West P o in t - T o L iverp ool-D ec. 1 5 —Steamer Worcester, 7,929.
Boston— Co Liverpool -Deo. 11—Steamers Philadelphian, 2,008; Saga
more, 1,500 __ Dec. 15 -S tea m er Roman, 8 7 7 ........Deo. 1 8 Steamer Angloman, 2,888.
Ba lt im o r e - T o Liverpool—Dee. 1 3 -Steam er Queensmore, 841,
To B rem en-D ee. 15 -Steamer Stuttgart, 4,i52.
To H a m im rg-D sc. 1 4 — iteamer Stubbenhuk, 1,696.
To Antwerp -D ec. 16—Steamer Otranto. 1,417.
Below we give all nows received to date of disasters
vessels carrying cotton from United States ports, & c .;
to
A ssate steamer 18r,). at Liverpool, from Hew Orleans, before reported.
Che hatches of steamer Assaye were opened Deo. 18, revealing
m ore than one hundred bales o f onttou burned.
Chinese P rince , steamer (Sr,), from Charleston for Genoa and Barce
lona, has been towed back to that city. with, cylinder broken, by
steamer Desauug, from Pniladelphla for Savannah
L anoiiam . steamer 18r.), from Galveston for L iverpool, was towed Into
Queenstown Deo. 13 by steamer Venus. The Langham had lost
he r propeller blades.
Gotton freights the past week have been as follows:
| Hatur.
Mon.
Tut$.
Wednet. Thun.
m .
Liverpool, bid....d
5,2
3S2
532
532
Hi
Hi
....
....
....
....
...o.
Do
askecLrf.
....
35*
35*
35*
35*
35*
Havre ................d.
35*
--A..
....
....
__
....
....
Do
later.......d.
Bremen, steam..d.
6,l'i
SS2
632
632
632
632
....
....
—
....
....
__
Do
later. ..d.
Hamburg, ateam<2. 9«4a,633 90«®5?,a 964®B39 ®84®5S2 y64’® &32 884®53S
—
—
....
....
....
Do
later,.d.
....
37is*
37^*
37ki*
4ms*&am, steam.e. 30 a 35* 30®35* 37ifl*
....
....
....
....
....
Do
later..c.
Reval.................. A.
%2
932
®33
»S2
9S2
....
....
....
Do via H ull. d.
....
....
....
....
B’lona, direct...d.
....
Genoa, steam...d. !1e4® 3i« n M®3u
316
sie
3ia
he
Trieste, via Hull,<2.
932
932
9S2
8,2
932
Antwerp, steam ,d.
V»4
9 ,,
9U
9*4
* Cents per 100 lbs.
1090
THE
CHRONICLE.
Liverpool .—By cable from Liverpool we have the following
•statement of the week’s sales, stocks, &c., at that port:
Dec. 1.
Dec. 8.
Dec. 15.
Dec. 22.
73.000
62,000
Bales of the week........... bales.
63.000
86,000
3.000
3.000
5,000
2,000
Of which exporters took .. .
1.000
1.000
1.000
Of which speculators took ..
500
55.000
66.000
54.000
77.000
Bales American..........................
9,000
8,000
7,000
13.000
-Aotnal export....... .....................
69.000
79.000
65.000
85.000
Forwarded........ ..........................
Total stock—Estimated............ 1,006,000 1,092,000 1,122,000 1,149,000
Of which American—Estim’d 831.000 900.000 918.000 943.000
Total import of the week......... 230.000 159.000 128.000 115.000
213.000 129.000
96.000
96.000
Of which American...............
320.000 325.000 370.000 400.000
Amount afloat...........................
310.000 315.000 360.000 390.000
Of which American.......... .
IV ol. LV II.
of the crop and in sympathy with the weakness of wheat. In
the spot market business was quiet until yesterday, when ex
porters were good buyers. The sales included No. 2 mixed at
42%(§)48J£c. in elevator and 43% <?44%c. afloat; old No. 2
mixed at 44t£c. in elevator; steam-r mixed at 43c. in elevator
and 44c. afloat. To day the market opened easier with wheat,
but later advanced on some buying by shorts to cover con
tracts, closing steady. The spot market was moderately ac
tive; exporters were buyers at firm prices. The sales included
No. 2 mixed at 43c. in elevator and 43%®43^c. delivered.
DAILY CLOSING TRICES OP NO. 2 MIXED CORN.
Sat. Mon.
44%
..c. 44 %
January delivery.
..c. 4418
43%
February delivery.........c.
..c.
....
March delivery..
. -C. 4438
May delivery___
45%
45%
Tucs.
44*4
43%
43%
Wed.
44
43%
43%
Thurs.
42%
42ia
42%
43 %
44%
Fri.
42%
42ia
42%
43ia
44%
The tone of the Liverpool market for spots and futures ear h
4514
45 %
day of the weekending Dec. 22, and the daily closing prices
Oats for future delivery have been dull and prices have
of spot cotton, have been as follows:
eased off a trifle in sympathy with the weakness in wheat and
com, but any material decline is checked by limited reeeipta
Spot.
Saturday Monday. Tuesday. Wednes. Thursd’y. Friday
In the spot market there has been a moderately active trade ai
steady prices. The sales yesterday included No. 2 mixed at
Good
Good
Good
Market, \ Quieter. 8teady. In buyers’ business
33J^@33%c. and No. 2 white at 35@35%c. To-day the mar
demand. demand.
favor.
1:45 p. M. J
doing.
ket was dull and easier with wheat. Tue spot market was
4%
Mld.TJpl’ds.
4%
quiet and weaker. The sales included No. 2 mixed at 33%c.
4%
4%
4%
4*18
and 35c. for No. 2 white.
8,000
10,000
10,000
15,000
14,000
12,000
500
Bpec. & exp.
500
Futures.
at
Market, ( 8teady
3-64 de
1:45 p . m . J cline.
Market, ?
4 P . M. J
Quiet.
500
1,000
1,000
1,000
8teady.
Easy at
2-64 de
cline.
Quiet at
1-64 ad
vance.
Quiet.
Steady at
2-84 ad
vance.
Steady.
Easy.
Very
steady.
Steady.
Firm.
The opening, highest, lowest and closing prices of futures
at Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
stated:
Thus: 4 63 means
The prices are (riven in pence and Git he.
-4 63-64d, and 5 01 means 5 1-64*2.
S at., Dec. 1 6 .
Mon., Dec. 1 8 .
Tuea., Dec. 1 9.
Open High Low. Ol08. Open High Low. Ol08. Open High Low. OloDecember..
Dec.-Jan__
Jan.-Feb....
Feb.-Mch...
Mch.-April.
Aprll-May..
May-June...
June-July..
July-Aug...
Autr.-Sept..
d.
4 10
4 10
4 10
411
4 12
4 13
4 15
4 17
4 19
4 20
a.
4 10
4 10
4 10
411
4 12
4 14
4 16
4 17
4 19
4 20
d.
4 10
4 10
4 10
4 11
4 12
4 13
415
4 17
4 19
4 20
d.
4 10
4 10
410
4 11
4 12
4 14
4 16
4 17
419
4 20
W ed ., Dec. 2 0 .
d.
410
4 10
411
4 12
413
414
416
4 18
4 20
4 21
d.
4 12
4 12
4 12
413
4 14
4 16
417
419
4 23
4 24
d.
4 10
4 10
411
4 12
413
4 14
416
4 18
4 20
4 21
d.
4 12
4 12
412
4 13
414
4 16
4 17
4 19
4 23
4 24
T h ors., Dec. 2 1 .
d.
4 09
4 09
4 09
410
4 11
4 13
4 15
4 16
4 18
4 19
d.
4 09
4 09
4 09
4 10
4 13
413
4 15
4 17
4 18
4 19
d.
4 08
4 08
4 08
4 09
4 10
4 12
4 14
4 16
4 17
4 18
Frl. ■Dec. 2 2
Open High Low. Oloa. Open High Low. Oloa. Open High Low.
December..
Deo.-Jan__
-Jan.-Feb...
Feb.-Mch...
Mch.-April.
Aprll-May..
May-June...
June-July..
July-Aug...
Aug.-Sept
d.
1.
d.
d.
4 09
4 09
4 10
4 11
4 12
4 14
4 16
4 17
4 19
4 20
4 10
4 10
4 11
4 12
4 13
4 15
4 17
4 18
4 20
4 21
4 09
4 09
4 10
4 11
4 12
4 14
4 13
4 17
4 19
4 20
4 10
4 10
4 11
4 12
4 13
4 15
4 17
4 18
4 20
4 21
4.
4 10
4 10
4 11
4 12
4 13
4 15
4 17
4 18
4 20
4 21
4.
4 10
4 10
4 11
4 12
4 14
4 15
4 17
4 19
4 20
4 ?1
4.
4 10
4 10
4 10
4 12
4 13
4 It
4 15
4 18
4 19
4 20
4.
4 10
4 10
4 11
4 12
4 13
4 15
4 17
4 18
4 20
4 21
d.
4 08
4 08
4 09
4 10
4 11
4 13
4 14
4 1!
4 18
4 19
4.
4 12
4 12
4 13
4 14
4 16
4 18
4 19
4 21
4 23
4 24
4.
4 13
4 13
4 14
4 15
4 17
4 18
4 20
4 22
4 23
4 24
OiO:
d.
4 12 4 13
4 12 4 13
4 13 4 14
4 14 4 16
4 16 4 17
4 18 4 18
4 19 4 20
4 21 4 22
4 23 4 23
4 24 4 21
d.
B R E A D S T U F F S .
F r i d a y , December 22, 1893.
The feature of the market for wheat flour during the pas1
week has been the extreme dulness of trade, and prices have
ruled weak owing to the weaker drift of values for the grain.
Rye flour has been quiet but steady. Buckwheat flour has
been in light demand and with increased supplies prices have
been lowered slightly. Corn meal has been dull and prices
are quoted unchanged. To-day the market for wheat flour
was dull and unchanged.
It has been a very slow week in the market for wheat fu
tures and prices have steadily declined. The primary causes
of the weakness were an unexpectedly large increase in the
visible supply, dull and weaker foreign advices and the ab
sence of an export demand. The spot market has been quiet
and prices have declined with futures. The sales yesterday
included No. 2 red winter at 4J£c. under May f.o.b. afloat;
No. 1 Northern at May price delivered and No. 1 hard spring
at 1'^c. over May delivtred. To-day the market further de
clined under selling by “ longs,” prompted by dull and weaker
foreign advices. The spot market was quiet. The sales in
cluded No. 2 red winter at 4@4J4c. under May f.o.b. afloat.
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
December delivery... ...c .
January delivery___ ...c .
February delivery,...
May delivery..............
Sat.
Mon,
December delivery........c. 67
67
06=8
January delivery..........c.
07% e 67%
March delivery___ ____.c.
e. 70%
69^
May delivery.'....... ...i.o . 72*4
71%
Tucs.
66%
67%
69*}
71%
Wed.
67
67%
69 %
72
Thurs.
66
66%
69^8
71%
F)'i.
66%
66%
6*34
71
.There has been a limited degree of activity to the trading in
the market for Indian corn futures at declining prices, due to
unloading by “longs,” prompted by an increased movement
34%
35 %
Mon.
33 %
33%
34%
35 %
Wed. Thurs.
33%
33%
33%
33%
34%
34
35%
34 %
Tues.
33%
33 %
34%
35%
Rye has been without change and dull
quiet but steady.
The following are closing quotations:
Fri.
33%
33%
31%
Barley has been
FL O U R .
?ine..................9 bbl. ?1 75®$2 10 Patent, w in te r ....... $3 2 5 » * 3
inperflne__ . . . . . . . . 1 “5® 2 2 5 City mills extras....... 3 60® 3
Hxtra, No. 2 . . . . . . . . 2 0 0 ® 2 5 0 Kye floor,sunerflne.. 2 50® 2
hrtra, Ho. 1 .............. 2 20® 2 65 Buokwheat flour____ 2 90® 3
nears.......................... 2 30® 2 90 Com meal—
Jtraights................. . 2 90® 3 70
Western,
2 60’“ 2
Patent, s p rin g ........ 3 75® 4 20
2 75
Brandywine______
[Wheat flour In sacks sells at prices below those for barrels.]
Vheat- Spring, oerbnsh...
Red winter Ho. 2 ..
Red w inter..........
White......................
Oats—M i x e d ..b u .
White................. .
No. 2 mixed...........
Ho. 2 white_______
0
.
65 •©
66% 3>
56 ro
57 n
33 U>
34%®
33 %®
35 ®
GRAIN.
c.
Com, per bash.—
0.
73
West’n m ixed____ 42
67%
No. 2 mixed ____ 43 T*
68
Western yellow. . . 42
68
Western white____ 43
35
Rye—
40%
Western, per bush. 54 n
34%
8tate and Jersey.. 50
36
Barley—No.2West’n. 62 a>
State 2-rowed....... 63
..
State 6-rowed.......
60
65
90
00
70
0.
45
44%
45
45
56
55
63
65
..
The movement of breadstuffs to market is indicated in tl e
movement of breadstuffs t > market is indicated in the
statement below prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Dec. 16, 1893,
and since August 1, for each of the last three years:
Receipts at—
Flour.
Wheat.
Oats.
Corn.
Rye.
Barley.
Bbls.im bs Bush.60 lbs Bush.bQ lbs Bush.32 lbs BushAH lh Bu.56
Chloago.......
Milwaukee...
Duluth.......
Vlinneapolis.
Toledo.........
Detroit........
Cleveland....
3t. Louis......
Peoria.........
Kansas City.
Tot.wk, ’93.
4ame wk,’92.
Same wk,’91.
80.647
36,299
1,791
3,392
672
25,110
4,800
150,711
203,431
254,723
579.839
274 0 )0
563.120
l,2n7,010
231.500
226 380
14,000
108.302
9.000
207,532
1,923.863
59,150
1,689 335
172,000
242.30
17,193
6,148
852,600
5*8,400
32,51:
7 200
30 423
25.102
220,000
481.000
1.130
3.480.743
5,519.913
5,051,043
3.725,165
2,331,390
3,423,701
2,029.250
1,833,149
2,090,455
486,001
190.400
36.065
38.000
5,500
18,239
102,750
50,LOO
853.390
949,763
939,710
12,000
0,600
96.765
89,505
228,431
linee Aug. 1.
1893..........
1892...........
1891..........
6,137,901 96,600,258 05,620.751 57,581.481 17.573,701 1,788 852
6,545,089 149,219,138 51,04*,929 52,251,049 17,781,269 4,943,755
5.184,500 137,385,814 43,719 702 49,294,033 17,716,674 11,717,717
The receipts of flour and grain at the seaboard ports for the
week ended Dec. 16, 1893, follow:
Wheat ,
bush.
Oom,
127,875
453,222
500
41,679
516,285
5,530
2 2 L,600
312,800
120,333
Tot. week. .451.920 1,3 '6.7 tl
Week 1892 445,003 1,591,2L9
873.651
790,434
A t—
F lo u r ,
hbls.
New York.. .200,183
Boston.........
Montreal. . . . 9,100
Philadelphia. 80,020
Baltimore.. . 96,045
Kiolimond. . 3.337
VewOrleans. 5,678
Oats ,
bush.
bush.
B a rley ,
bush.
302,400 222.475
119.887 13 299
37,452
7,178
67,740
73,855 19,200
279,114
3,000
14,000
6,04 4
87,565
13,887
564 431 262.152
692,340 186,562
Rye,
bush.
250
--- -
i,2 or
6,a>£'
,
7.54S
39,035
Below are the rail shipments of flour and grain from
Western lake and river ports for four years:
1893.
Week
Dec. 16.
334,33 L
1892.
Week
Dec. 17.
422,462
Wheat___
r%rn............................1.515,823
Oats..........
Barley___ ................... 273,344
S ye____
1,066,782
9 42,522
1,370,78 4
453,726
80.553
1,294,466
2 676,28 5
1,761,587
508.820
204,672
719,806
84 2.447
1,282,007
389,802
95,096
3,914,372
6,443,830
3,279,158
DAILY CLOSING TRICES OP NO. 2 RED WINTER WHEAT.
_
Sat.
33%
33 %
.........bbls.
Total.
1891.
Week
Dec. 19.
415,163
1890.
Week
Dee. 20.
356,740
THE
D ecember 23,1893,]
T ie exports from the several seaboard ports for the week
ending Dec. 10, 1893, are shown in the annexed statement:
Szports
from—
Wheat.
Com .
Flour.
Bush.
313,800
125.740
72.983
2,000
307,200
207,527
JBiUh.
338.307
126,659
Bbls.
112.370
24,596
771
33.508
79.7C0
755
23,081
3,800
Bush.
10,995
3.550
51,713
Tut. vreei 1,029,250
S m e time
HOT . . . 1.879.378
831,200
278,281
66,330
994.176
341,575
19,922
NewYor):
B oston.. 4
PortlandFhlladel Baltim ’re
N. OrPns.
K. News.
Norfolk.
Montreal
77,14-2
68,o 70
152,123
66,399
Oats.
"**7*2
Bye.
Bush.
Peas.
Bush.
4.962
1,611
58,736
........
.........
65,309
17,143
4,833
Xne visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, Dec. 16, 1893:
C om ,
Wheat,
hush.
In store at—
hush.
460,003
Wew Y ork....... .19,167.000
100.000
J.'o a flo a t.. . 1,188,000
34,000
Albany............
3,361,000
Buffalo............
82l,0fl0
D o afloat.
330.000
10 >,000
C hicago...............19,378.000 1,9 5,000
Do a flo a t....
547,000
447.000
MU-waokee.........
856,000
£ ninth................ 8,776,000
D o afloat___
209,000
Toledo.............
2,579,000
478,000
D)
a flo a t....
100,000
£ strop................ 1,675,000
9,000
Do afloat___
116,000
20,000
C sw e e o ..............
'90,000
177.000
i t . Lonl*............ 5,450,000
Do a flo it ..
14.000
OHoinnati___
11.000
10,000
Boston............
1,129,000
496.000
T o r o n to ...___
150.000
M ontreal.... ..
610.000
' * 2,000
*275,000
Philadelphia..
517.000
P e o r ia ................
118,000
185.000
Indiana p o ll* ....
1C4,000
84.000
Kansas C ity ....
527,000
12.000
Baltimore.......... 1,221,000
600.000
M inneapolis. ...1 1,79 1,00 0
121,000
Totju,#—
-----------—
Dec. 1 6 .1 8 9 3 ..30,129.000 0,652,000
P ec
P. 1 9 »3 ..7 8 .7 8 ',0 0 0 6,151,000
Dee. 1 7 .189 2..73 ,321 .000 10,7*21,000
Deo. 1 9 ,180 1..43 .282 ,84* 3.915.022
Dec. 2 0 ,1 8 9 0 ..T>,361,768 2.117,392
Oats,
bush.
1,732,000
110.000
155.000
109.000
15*1,000
814.000
19.000
16.000
3,000
SSL
Barley,
bush
43.000
72.000
16.000 214,000
5,000
40.000
77,000 1,297,000
248,000
18,000
2 *2,000
23.000
94.000
180,000
94,030
28,000
"9,000
38,000
" 3 ,6 6 6
29,00.
63.000
"T.666
198] 66*6
63.00*i
2 i*0*00
"ii',666
17.000
31.000
58.000
115.000
189.000
79.000
24.000
145.000
12.000
37,006
i*2*i]6o6
20,000
56.000
47.000
's lo w
2.000
8.000
64,000
7.000
1091
CHRONICLE,
199,000
3,984,000 593,000 2.732,000
4,012,000
630,000 2,874,000
8.68 2,000 1,271,000 2,281,00(
3 ,8 4 3 ,0 6 )2 ,4 3 6,260 2,426 .
3,154.452 4 7 9 ,7 2 1 4 ,2 3 8 ,0 2 8
THE DRY GOODS TRADE.
Saw Y ork , Friday, F. M „ December 22,1893.
Ne w Y o b s to Dsc, 19.
1893.
1892.
Week. Since Jan. 1.
Week, Since Jan. 1,
Great Britain.........................
Other European....................
China.......................................
India,.......................................
Arabia........... ..........................
Africa.......................................
West Indies— .............. .
Mexico....................................
Central America....................
South America......................
Other oountriea......................
81
32
920
1
_
57
664
27
70
666
34
Total..................................
China, via Vancouver.......
2,552
148,956
33,566
2,435
183,884
18,420
Total..................................
2,552
182,522
2,435
202,304
4,769
1,923
37,657
5,541
11,886
6,394
20,045
2,364
4.660
50.8 jO
2,867
165
48
5,880
1,701
73,609
5,691
14,735
7,104
17,107
3,082
6,022
46,028
2,925
10
8
428
34
252
1,392
98
* From New England mill points direct,.
The value of the New York exports since January 1 has
been $8,854,934 in 1893, against §9,557,093 in 1S92.
Bleached cottons have again furnished the chief busi
ness, in fine and medium grades, and discounts on “ Fruit
of the
Loom ” and “ Masonville ” tickets have
been
shortened slightly owiQg to the stocks having been largely
cleaned up.
Low-grade bleached unchanged.
Brown
sheetings steady for standard and three-yard and firm for
four-yard makes with an average demand ; lighter weights
quiet. In wide sheetings, brown and bleached, prices have
been reduced
in “ Utica M ills,” “ New York M ills”
and
“ Fruit
of
the
L o om ”
makes
to the basis
of
25c.
for
10-4
bleached,
and
somewhat
fuller
sales are reported.
Denims, ticks, checks and stripes, plaids,
cottonades and other colored cottons quiet and unaltered, and
in other directions no new features have come to the surface.
Fancy calicoes for spring in moderate demind, as are printed
specialties, tissues, &c. Ginghams in quiet request. Prices
of dress style gingham? generally fixed at 6t£c, per yard.
Print cloths after a quiet week close barely steady at 3c. for
“ extras” in Fall River, with sales at 2 la-16e. outside of that
market.
1893.
Stock o f Print Ololks—
Dee. 16.
Held by Providence m anufacturers. 132,000
Fall Kiver m anu facturers.............. . 121,000
Total stock (p ieces)...................... 253,000
1892.
Dec. 17.
None.
5,000
1891.
Dec. 18.
182,000
110,000
5D00
292,000
For !-: ion D r y G oods.— B usiness for spring is still of a back
ward character, buyers showing continued extrema caution
in placing orders for fabrics of any kind, although very low
prices are being quoted. For seasonable good? and holiday
lines the market is in an exceedingly ragged condition.
The demand for staple cotton goods has kept up better than
usual for the week immediately preceding Christmas, owing I m p o r t a t i o n * a n d W a r e h o u s e W i t h d r a w a l * o f D r y G o o d * .
The importations and warehouse withdrawals of dry goods
to the policy pursued by the trade in buying only for current
needs, compelling them to come into the market for about at this port for the week ending Dec. 31, and since Jan. 1,
1893, and for the corresponding periods of last year are as
average supplies. The reduction in bleached cottons noted
follow s:
last week has also been responsible for fairly free sales of
»
is
these, whilst other reductions in wide sheetings this week
§3220^1
g S S M fc
have helped to keep sales freer than usual at thi3 season of the
g g : Ir f
sS
year. In other respects the market is practically without
li
alteration.
Buyers have not taken any greater interest
than before in future requirements and the spring
g
B*
demand is still on a conservative basis. For the balance of
*0 •
the year there is not likely to be any deviation from existing
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os
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Xq©ly*wm
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COQCOCOQ3
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good.
W O *“ * -9 M
Domestic W oolens.— Agents generally report no improve
ment in the clothing woolen trade, with some exceptions
noting a slightly better demand for spring fabric), but in
these cases at the expense of prices, which have been mate
rially cut. In a regular way buyers are taking both heavy
and light weights very sparingly and mostly confining their
attentions to medium and low qualities of pure wool fabrics,
Heavy weights for the fall of 1894 still quite neglected. Sat
inets, doeskins, cotton-warp cassi meres, cotton worsteds and
tweeds inactive throughout at irregular prices. Overcoatings
dull for the new season. Cloakings in comparatively fair
demand. Woolen and worsted dress goods are irregular in
price for both staples and fancies, with a Ilinitad business re
ported. A little freer movement in flannels and blankets
under cold weather influences recorded.
Domestic! Cotton Goo Da,—The exports of cotton goods
from this port for the week ending December 19 were 3,552
packages, valued at §170,717 their destination being to the
points specified in the table below:
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THE
1092
S ta te
and
term s
CHRONICLE.
C it y B e t a n t m ^n t ,
of
s u b s c r ip t io n .
C o m m e rcia l a n d F in a n c ia l C H R O N IC L E con
tains 4 0 to 64 pages published every week.
State a n d City S up p lem en t of C H R O N IC L E con
tains 1 8 0 pages published periodically.
In vestors’ S up p lem en t of C H R O N IC L E (a Cyclopsedia of Railroad Securities) contains 1 6 0 pages published
every other month,
__________
Subscription to CHRONICLE for one year 8 1 0 .0 0 ,
which includes every issue of both Supplements.
T h e p urp ose o f tills State a n d City D e p a r tm 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.
Douglas County, Mo.—Rather an interesting case was de
cided by the United States Court last Saturday in favor of the
holder of certain county bonds stolen some ten years ago. It
seems that in 1875 Douglas County, Mo., sold $19,000 in bonds
to take up some other outstanding indebtedness. In 1885 all
these bonds were called in and paid and the county was out
of debt. In 1886, a few months later, the Courthouse was
robbed and $3,500 in warrants were stolen, as well as a num
ber of the paid bonds, which had not been destroyed. The
warrants were recovered and canceled, but the bonds were
not found and the incident was forgotten. Two years ago J.
M. Douglas of Virginia LCity, Nev., demanded interest and
principle on $2,500 of these stolen bonds, which had come into
his hands by the death of the former holder. Payment was
refused and suit was brought in the United States Court. The
case was argued before Judge Parker, who on Saturday gave
judgment against the county for $2,500, as well as interest for
$4,700.
B o n d P ro p o sa ls a n d N e g o tia tio n s.—We have r»
ceived through the week the following notices of l onds
recently negotiated and bonds offered and to be offered for
Bale,
Avondale, 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.)
—W. E. Wynne, Village Clerk, will receive proposals until
January 2 for the purchase of 4 per cent street improvement
bonds to the amount of $22,500, the loan to run 30 years.
Bakersfield, Cal.—It is’reported that $250,000 of improve
ment bonds of this city have been sold at 100-6. Interest is
payable at the rate of 6 per cent and the loan runs 20 years.
Bartow, Fla.—It is reported that Bartow will issue bonds
for water-works.
Batavia, N. Y.—City Clerk George E. Perrin writes us
that $23,000 of 4 per cent electric-light bonds of Batavia have
been disposed of at private sale.
Bath, N. T.—Bridge bonds of this village to the amount of
$50,000 are under consideration.
Bloomfield, Neb.—An election will probably be held at
Bloomfield to vote on issuing water-works bonds.
Brooklyn, N. Y .— (St a t e a n d C it y S u p p l e m e n t , page 44.)
—Sealed proposals will be received until December 29 by Hal
sey Corwm, City Comptroller, for the purchase of the follow
ing registered bonds :
LOANS—
When Due. I S c h o o l B u i l d i n g B o n d s P e r m a n e n t W a t e r B onds—
3iss, J&J, $100,000...Jan. 1,1922
8HS, JdtJ, $100,000...Jan. 1, 1913 |3118, J&J,
7 5 ,0 0 0...Jan. 1, 1923
[VOL, LVII.
Buffalo, N. Y.—(S tate a n d C i t y Supplement, page 45.)—
On December 15th $200,000 of 4 per cent Buffalo bonds due
July 1, 1894, were awarded to Blake Bros. & Co. of New
York at 100-03, and on the same day $60,000 of %% per cent
refunding bonds due June 2, 1912, were awarded to the
Buffalo German Insurance Company at 100-11. No bids were
received for the $209,176 37 of 3J£ per cent tax-loan bonds due
August 1, 1898.
Chicago, 111.—(State and City Supplement, page 92.)—
The South Park Commissioners give notice that fifty-three
South Park bonds have been called for payment and will be
redeemed on and after the due date of their next annual in
terest coupon at the Chicago National Bank, Chicago, 111.
Interest will cease on the same date. The numbers of these
called bonds will be found in an advertisement elsewhere in
this Department.
Chicago Sanitary District, 111.—(State and City Sup
plement, page 92.)—It has been reported this week that the
$3,000,000 of 5 per cent Chicago drainage bonds have been
awarded to Messrs. Lee Higginson & Co., N. W . Harris & Co.
and the First National Bank of Chicago.
Columbus, Ohio.—(State and City Supplement, page 80.)
—The 6 per cent street-improvement bonds to the amount of
$43,000, which were offered for sale on December 20th. were
purchased for the city’s sinking fund, and withdrawn from
the market before that date. The securities are due in ten
years and subject to call after one year.
Daytona, Fla.—Town Clerk C, M. Bingham, Jr., notifies
the Chronicle that the bonds to be issued by Daytona for
building a sea-wall will be for $6,500 instead of $6,000 as pre
viously reported. They will bear interest at the rate of 6 per
cent, payable anuually on Jan. 2 at the Treasurer’s office, will
be dated Jan. 2, 1894, and will become due Jan. 2, 1904. The
town has never had any debt of any kind, and its assessed
valuation, which is one-tbird of actual value, for 1893 of real
estate, is $227,713; personal property, $38,160; total, $265,873.
The total tax rate for 1893 is $19 50, including State and
county tax, $9 50, and city tax proper, $10.
Dulutb, Minn.—(State and City Supplement, page 105.)—
Bids will be received until January 8 by the Common Coun
cil of the City of Duluth for the purchase of $800,000 of 30year water and light bonds. The bonds will be dated Decem
ber 1, 1893, will bear interest not to exceed
per cent, pay
able semi-annually on June 1 and December 1, both princi
pal and interest being payable in gold at the American Ex
change National Bank, New York City. All bids must be ac
companied by a certified check or certificate of deposit for the
sum of $10,000.
Elbert County, Ga —Mr. E. B. Tate, chairman of the Road
and Revenue Commission of Elbert County, will receive open
bids until January 10, 1894, at his office in Elbertoa, Ga., for
the purchase of 6 per cent court-house and jail bonds to the
amount of $40,000. Interest is to be payable annually on the
first of January. The securities will be dated January 1,
1894, and will mature at the rate of $500 yearly from January
1, 1895, to January 1, 1904; then $1,000 yearly from January
1, 1005, to January 1, 1909, and $2,000 yearly from January 1,
1910, to January 1, 1924. The county has no debt at present.
Its assessed valuation is: real, $1,315,226; personal, $765,479;
total, $2,080,705. In addition railroad property to the amount
of $330,000 is taxed for county purposes. Assessment is
about 60 per cent of actual value. The State and county tax
per $1,000 is $10 00.
Fort Dodge, la.—An ordinance has been passed by the Fort
Dodge Common Council authorizing the immediate issue of
bonds to the amount of $16,000 for improvements on the city
water-works plant. The securities are to be 5 per cent 10-20s,
interest payable J. & J. The present bonded debt of the city
is $34,000, all water bonds, and there is outstanding a small
floating debt of $3,000, which is provided for by the tax levy.
The city’s assessed valuation for 1893 is $1,117,747, including
real estate valuation $786,677 and personal property $331,070.
The assessment is about one-third of actual value. The total
tax rate is $47 50 per $1,000.
Fullerton, Neb.—The citizens of Fullerton will vote on the
proposition of issuing bonds for water-works.
Galveston, Tex.—(State and City Supplement, page 178.)
—The city of Galveston is offeriug for sale $300,000 of 5 per
cent 40-year bonds, offers for which will be received by D. B.
Henderson, Chairman of the Finance Committee. The
securities are a part of the loan of $1,240,000 authorized in
1891 and known as “ Limited Debt Bonds.” A city ordinance
providing for the issuance, sale and redemption of this loan
requires that the bonds be payable in 40 years after the date
of their issue and be optional after twenty years, interest to
be payable in New York and Galveston. The same ordinance
further provides that the proceeds of the sale of the issue
shall be used and expended as follows:
|$50,000 for alleys and sidewalks.
It is reported that $685,000 of additional water bonds have $240,000 for streets.
$50,000 for schools.
|$900,000 for water and sewers.
been authorized.
The
income
of
the
sinking
fund
for the limited debt bonds
Brushton, Pa.—The election to vote on issuing $50,000 of
•ewer bonds which recently took place resulted in the defeat must be invested in bonds of the State of Texas or in bonds
of the proposition.
of the United States. An advertisement giving further par-
THE
D eckmbeb 23, 1893.J
CHRONICLE.
iieulars concerning the sale o f securities now being offered will
be fo u n d elsewhere in this D epartm ent,
Gloucester, Mass.— (Stats and City Supplement, page
25.)—The citv of Gloucester has sold a I f f par cent note for
$4,500 dated December 1, 1893, and payable December 1,1903,
to £ . H . Rollins & Sons of Boston at a small premium,
Griswold, Iowa.— The people of Griswold voted recently in
favor of issuing water-works bonds to the amount of $7,000.
Hamburg, N. Y,— It is reported that sewerage bonds of
Hamburg are under consideration.
Hartford Second North School D istrict, Conn.—Proposals
will be received until Dec. 30 by the Treasurer of this School
District for the purchase of $137,000 of school bonds. Interest
on the loan will be payable semi-annually in January and
July at the rate of 4 per cent, and the bonds will mature in
30 years, with an option of redemption at any time after ten
years. They will be ready for delivery Jan. 2, 1894.
1093
January t, 1914, and will be optional after January 1, 1904.
The bonds will be issued in the denomination of $1,000 each,
and will be payable in New York City.
Dockland, Ohio.— The election which took place at Lockland on December 11, to vote on issuing $30,000 of water
works bonds, resulted in favor of the proposition.
Madison, TVis. —(State and City Supplement, page 102.)—
The city of Madison has recently sold a small issue of special
street improvement bonds.
Medford, Mass.— (State and City Supplement, page 27.)—
Four per cent 25-year water bonds to the amount of $100,000
will soon be issued.
Middletown, Ohio.—J. V , Bonneil, City Clerk, will receive
proposals until Jan. 5 for the purchase of water-works exten
sion bonds to the amount of $10,000, bearing interest at the
rate of 5 per cent, payable semi-annually, the bonds to mature
at the rate of $1,000 yearly in from one to ten years.
Moscow, Idaho.—(State
and
City Supplement, page 134.)
— On December 4th 6 per cent 20-year bonds of this city
to the amount of $35,000 were awarded to the Illinois Loan
& Trust Company at par less a commission of $2,000. The'
issuing $10,000 of water-works bonds.
bonded debt of the city, including this issue, is $99,000 and its
H illsboro, North D ab.— On November 30th we reported the assessed valuation $1,379,060,
sale of bonds to the amount of $3,500 of a total issue of
Muskegon, Mich.— {State and City Supplement, page 99.)
6 per cent school bonds to the amount of $18,000. Mr. Bervig,
President of the Board of Education, now writes us that the — On December loth fourteen bids were received for $100,000
remainder of the loan was sold during the month of Novem of 6 per cent Muskegon public park gold bonds dated July 1,
1893, and due July 1, 1926, both principal and interest payable
ber to Fulton & Co. of Grand Forks, N. D ., at par.
at the Western National Bank in New York City. The secur
Idaho.— (State and City S upplement, page 133.)—It is re ities were awarded to Messrs. Farson, Leach & Co. on their bid
ported that $38,000 of wagon-road bonds have been sold.
of 107 07 and accrued interest. The last asse-sed valuation of
Joliet, 111.—Bonds of this city for water-works are pro property in the city of Muskegon amounted to $6,062,457; true
posed,
valuation about $15,000,000.
The total bonded indebtedness
Lincoln, Neb —{State and City Supplement, page 122.)— of the city amounts to $363,500, of which $53,500 is for sewers
Some very spirited bidding is reported for the $90,000 of Lin and other internal improvements; the remainder for city
coln refunding bonds which were offered for sale on Decem water-works. The water-works system is already more than
ber 19th. The securities were finally awarded to Messrs. N, self-sustaining.
W , Harris & O x , of Chicago, for a premium of $3,600 and
Newton, Mass.—(State and City Supplement, page 28.)—
accrued interest. The loan is to bear interest at the rate of It is reported that $100,000 of boulevard bonds will soon be
0 per cent per annum, will be dated January 1, 1894, mature issued.
Hastings, Neb.—(State and City S upplement, page 122.)
—An election will be held in this city in April to vote on
N E W LOANS.
N E W LOANS.
$ 2 5 0 ,0 0 0
$ 100,000
City of Montgomery, Alabama,
BONDS.
NEW
LOANS.
BONDS
C ITY OF OMAHA, NEB., M U N I C I P A L
5 Per Cent
FOR INTESTMENT.
Improvement Bonds.
Beaded proposals will be received at the office of
R. B. Bam&am, City Clerk o f the City of Montgom
ery, Alabama, until 12 o'clock M. on Monday.
January 13th. 1894. for f f30,000 City of Montgomery
FOR SALE BY
bonds, or any portion thereof not Jess than $6,u00.
Proposals to be made for five and five and a
half per cent, forty-year bonds and for six per cent
thirty-year bonds.
Said bonds are authorised by special act o f the
Legislature of Alabama. Approved February i?th. ■i W A L L S T R E E T ,
NEW Y O R K .
P A R T IC U L A R S UPON APP LICATIO N *
Farson, Leach & Co.,
The right to reject any or alt bids is reserved.
Application for information will be addressed to
THOS, H. CARR.
Chairman Commute© on Finances.
Galveston City Bonds for Sale.
The City o f Galveston. Texas, offers for sale
$ 3 0 0 ,0 0 0
5 per cent <0 year limited debt bonds of 1891. Propeditions will be considered for alt or any portion of
the amount offered. Ail offers should be addressed
to the Chairman of the Finance Committee, who will
give full Information on application.
D. B. HENDERSON,
Chairman Finance Cora.
Galveston. Texas.
5°o-BONDS-5°/o
South Milwaukee, Wisconsin.
Bated 1803. maturing in 10-20 and 20 years. Issued
for Water Worm, School Building and Sewers. De
nomination fdoo. Interest semi-annually. Yalue of
taxable property $2.00 .000. Assessed valuation
il'ftSH.ftOi.
Set indebtedness, deducting water
works, $3* ,on©. Denomination 8609.
T h e S ta tu te* o f W isco n sin lim it in d ch te d acM to -1 p e rc e n t « f the ast*e*s*ed v a lu a tio n .
A resident suburb o f Milwaukee, located on Lake
Michigan, about four miles south of the city limits;
contains many Important manufactories, having
employment capacity for 2.V0» skilled workmen.
When annexed to Milwaukee these bonds become
an obligation of that city. 1 rice 97H and interest.
G EORGE A, LEW IS & CO,. Bankers,
13 ‘<t L a S a lle
Chicago.
MUNICIPAL SECURITIES
P IT T S B U R G
or
AMD
CH ICA G O . I L L .
MEMBERS OF THE NEW YORK AND BOSTON
STOCK EXCHANGES.
CHOICE INVESTMENTS
DEALERS IN COMMERCIAL PAPER.
IN
Street Railroad and
Municipal Bonds.
PRICES TO SUIT THE TIMES;
Corrreapondence invited.
5
4 5 W A L L S T ., N E W Y O R K .
CLEVELAND.
BOSTON.
»0 FOI.-BTII A VE.. FITTSBUBO. PA.
NASSAU
S T R E E T , BOSTON,
S T ., N E W
YORK.
Rudolph Kleybolte & Co.,
IN V E S T M E N T
B A N K S
3 0 W est Third Street,
Desiring choice short-time city and first
mortgage R ailroad Bonds, netting from
5 per cent to 7 per cent, to take the place
o f commercial paper, are invited to write
or telegraph for lists ant! prices.
C. H. W H IT E & CO.,
Choice Investment
RAN KERS,
Cincinnati, Ohio.
Bonds o f
Cities,
Counties and School Districts.
LISTS MAILED UPON APPLICATION.
BAN KERS,
NEW
YORK.
V IC IM IT 1
Jas. Carothers,
3 8 ST A T E
Lamprecht Bros. & Co.,
73 B R O A D W A Y ,
D e a lt is by
Blake Brothers & Co.,
T H O M A S B R A N C H & CO.,
BANKERS AND BHOKBBB,
R IC H M O N D , V IR G IN IA .
Beooritle, a Bneolalty, Prlrate Wire
to Now York.
Edward Morton & Co.*
53 Broadway, New York.
S p e c ia lt ie s :
M U N IC IP A L ,
ST R E E T R A IL W A Y BON DI
and
B A N K STOCKS.
THE
1094
CHRONICLE.
Nolfolfe, Ya.—(State and City Supplement, page 154.)—
Notice has been given that the 6 per cent bonds of the city of
Norfolk, Va., maturing January 1, 1894, will be paid on and
after that date on presentation at the office of the Mercantile
Trust & Deposit Company of Baltimore, Md.
Norwalk, Ohio.—Sealed proposals will be received until
January 12 at the office of F. W . Christian, City Clerk, for
the purchase or $4,000 of coupon water-works improvement
bonds. The loan will be dated January 9, 1894, will bear in
terest at the rate of 6 per cent, payable semi-annually, and
will become due at the rate of $500 yearly from July 9, 1895,
to July 9, 1902. Both principal and interest will be payable
at the office of the City Treasurer. Bidders will be required
to deposit with each bid an amount of money or a certiBe i
check on some bank at Norwalk in the sum of $100, and cash
must be paid for the bonds by the successful bidder within five
days from the acceptance of the bid at the Treasurer’s office.
These bonds were voted by the citizens at the election held
on December 7, at which time the City Clerk states that two
propositions were voted on, one for the issuing of $4,000 of
bonds for the improving and repairing of the present system
of waterworks, to pay existing indebtedness against the same,
and to provide means for maintenance, and the other for the
issuing ot $2,000 of bonds to make investigations and tests for
a supply of water for city purposes. The former proposition
carried by a vote of 574 to 86, and the latter lost by a vote of
207 to 368.
Oakland, Ore.—The new Common Council of this city
which came into power on the fifth of this month has with
drawn for the present the water bonds which were being
offered for sale. The issue will probably be put upon the
market, however, some time in the near future.
Onalaska, Ills.—The citizens of Onalaska are desirous
that an election should be held to vote on the proposition of
issuing bonds for water-works.
Ottawa, 111.—(State and City Supplement, page 94.)—
City Clerk J. F. Richards reports to the Chronicle that it
is proposed to issue $60,000 of city bonds and $100,000 water
works bonds, making the total cost of the water-works about
M ISCELLA N EO US.
WM. F R A N K L I N H A L L
books
|Vol . L V IL
$160,000. The city has at present no bonded debt and only a
small floating debt of $3,680, which will probably be provided
for in the next appropriation. The population is about
12,000 and the assessed valuation of real estate about $4,500,000. The city will reserve the right to call any of the bonds
before maturity. It is intended that the construction of the
water-works shall be begun as soon as the weather will
permit.
Park Rapids, Minn.—It is reported that $6,000 of water
works bonds have been sold, the bonds to bear interest at the
rate of 7 per cent. Interest will be payable annually in
December at New York and the loan will mature December
1, 1908, with an option of call.
Parsersburg, Iowa.—Water-works bonds to the amount of
$6,000 have been voted.
Pawtucket, R. 1.—(St a t e a n d C i t y S u p p l e m e n t , page 34.)
—It is reported that $359,000 of the Pawtucket bonds offered
thi3 week were awarded to the Commissioners of the Sinking
Fund at par and accrued interest and that the remainder of
the securities has not yet been disposed of. The total amount
on which bids were asked was $1,000,000, including $600,000
of general account and highway bonds and $400,000 of sewer
bonds. Both of these issues are dated April 1, 1893, and will
mature April 1, 1923. Each will bear interest at the rate of 4
per cent, payable in gold, A. & O., at the National Bank of
Redemption, Boston, Mass.
The present bonded indebtedness of the city is $2,450,000,
including water bonds to the amount of $1,500,000. The
floating debt on November 1, 1893, was $1,548,523. This will
be very largely reduced by the proceeds of the proposed
loans. The assessed valuation of real estate for the year 1893
is $24,155,698; personal property, $5,206,852; total, $29,362,550.
The population in 1890 was 27,502.
Plymouth, Mass.—(State a n d City S upplement, page 29.)
Sewerage bonds of this town to the amount of $15,000 have
been voted.
Sacramento, Calif.—J. D. Young, City Clerk, writes the
Chronicle that the city is considering the advisability of
M ISCELLA N EO US.
M ISCELLA N EO U S.
INYESTMENTS IN THE SOUTH.
THE
ACCOUNTANT AU D ITED Exchange Banking & Trust Lewis Investment Co.,
D E S M O IN E S, I O W A .
Company,
New forma designed for books of account.
Settlement of Insolvent Estates.
418 Exchange Building, 53 State Street, Boston
C H A R LES T O N , S. C.
CAPITAL PAID UP,
•
|150,000.
Paid-ui> C a p ita l,
^ $ 1 0 0 ,0 0 0 Choice Investm ents In th e m ost C*»usorvaA u t h o r iz e d C a p ita l,
$ 1,0 0 0 ,0 0 0
tlv e F ie ld In th e W e s t '
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 r e st A llo w e d on D e p o sits .
Guaranteed First Mort
M. Am. Soc. C. EL,
INYESTMENTS MADE IN SAFE AND RELI
gages on Improved lands
ABLE INTERESTfPAYING SOUTHERN SE U- In Iowa and Eastern Nebraska. Safe and Desirable
C O N S U L T IN G E N G IN E E R ,
R1T1ES, AND FIHST MORTGAGES ON IM
PROVED REAL ESTATE IN CITIES.
F ifteen Y e a r s ’ S u ccessfu l E x p e rie n ce .
120 B R O A D W A Y , N E W Y O R K .
Correspondence solicited as to all Southern invest
ments. Being within easy reach of all parts of the
Send to r P am p h let.
Makes specialty of reports on railroads and other South, thorough and careful investigation for
investment properties.
purchasers can be made of all investments.
Examinations made In any part of the country.
W. A. HOTCHKISS, GEO. H. LEWIS,
O F F IC E R S .
Secretary.
Pres'.dent.
GEO. B, EDWARDS. President.
EDM U N D B . K I R B Y ,
P. N. PICKENS, Cashier.
R.
E.
MUCKENFU^S.
Secretary
and
Treasurer
C o n s u lt in g
M in in g
E n g in e e r
and
J. LAMB PERRY, Solicitor.
SMYTHE & LEE, General Counsel.
M e t a llu r g is t,
D IR E C T O R S .
No. 9 Windsor Hotel Block, Denver, CoL
J. Perry , of Johnston, Crews & Co., wholesale B O N D A N D S T O C K D E A L E R S .
SPECIALTY.—The Expert Examination of Mining A. 8.
dry goods.
investments and Metallurgical Enterprises.
W illiam M. Bird, of Wm. M. Bird & Co., wholesale
We buy and sell outright all Western
paints and oils.
Municipal Bonds and Stocks. We
James A llan of James Allan & Co., Jewelers.
cheerfully furnish full and reliable in
J. H. F. Koenig, with Knoop, Frerichs & Co., cotton
formation concerning any Western se
exporters
curity without charge. Monthly quo
Geo. B. Edwards Pres. Electric-Light & Power oo
tation circular mailed to all applicants.
New issues of municipal bonds wanted.
CO NSULTING E N G IN E E R
Jos. O. Osgood,
SIX PER CENT
Geo. M. Huston & Co.
Jos. C. Platt, C. E.,
3 5 W a ll S tre e t, N ew Y o r k ,
A nd W a tA fo r d , N. Y .
E x a m in a tio n s .
R e p o r ts
S u p e r v is io n .
Given & Sicard,
Mechanical and Civil Engineers.
General Engineering. Drawings. Patents. Specifications. Engine Tests. Plans and Reports,
Supervision of Construction.
9 2 5 CHESTN UT S T ., P H IL A D E L P H IA
G. R. Voss,
Commercial Paper,
Bonds, Stocks and Investment Securities.
606 FIR8T NATIONAL BANK BUILDING.
Omaha, Nebraska.
SECURE BANK VAULTS.
Successors to
EUGENE R. COLE,
N o. 1 W I L L I A M S T R E E T
THE WALL STREET JOURNAL.
An invaluable financial daily; $5 a year. Sample c<
ree. DOW, JONES & CO., Publishers, 41 Broad
W. J. Hayes & Sons,
BAN KERS,
Dealers in M UNICIPAL BONDS.
Street Railway Bonds and other high grade in
vestments.
3 1 1 -3 1 3 S u p e rio r S
t .
10 Wall Street,
r E x ch a n ge P la c e .
N ew Y ork .
B o sto n .
Cable Address, ‘•KENNETH.”
SEA R S & W H ITE,
S T A T IO N E R S A N D P R IN T E R S .
Supply Banks, Bankers, 8tock Brokers and Cc
Potions wiih complete outfits of Account Boo
and Stationery.
13T New concerns organising will have the
orders promptly executed.
30 5 P I N E S T R E E T , S T . L O U IS , M O .
MORTGAGE LOANS
G EN U IN E
WELDED CHROME STEEL AND IRON
n Round and Flat Bars and 5-ply Plates and Angles
FOR SAFES, VAULTS, &0.
Cannot be Sawed Cut. or Drilled, and positively
Burglar-Proof.
CH ROM E STEEL W O R K S,
Bole Man’f’er* intheU. 8. B R O O K L Y N , M. Y .
IN
TEXAS.
d P er C ent and 7 P er Cent Net.
NO COMMISSIONS charged borrower or lender
until loans have proven good.
F R A N C IS
S M IT H
A
SAN A N T O N IO , T E X A S .
CO.,
THE
D ECEMBEK 23, 1893.]
adopting a new system of sewerage and issuing bonds there
fore. but that it is not probable that anything will be done
relative to the bond issue before next spring or summer.
Syracuse.
V . - ( S t a t e a s d C i t y S u p p l e m e n t , page 54.)
— A' loan of $10,0(0 baa been authorized for a sewer.
Terre Haute, In d .— (S t a t s a n d C i t y S u p p l e m e n t , p a g e
8 9 . ) - On December 19th 0 per cent street-improvement bonds
of Terre Haute, Ind., were awarded to Messrs. Rudolph
Kleybolte & Co., of Cincinnati, on their bid of 104-90.
Westchester Union Free School lU'strict No. 2. N. V.—
School bonds of this district to the amount of §30,000 have
been awarded to Messrs. Coffin & Stanton, of New York, who
offered to pay par for the loan on consideration that it should
bear interest at the rate of 3 per cent for the first year and 5
per cent yearly thereafter. The other bids received were as
follows:
j , w. M orrison....... bid
Gee. tf. Hahn......... 0 , A. Moran £ Co.. "
W. J. Qototard....... “
J. W. Sherrill..........“
100 C0 and accrued tot. for
100-00
"
"
100-00
"
“
105-00
“
*'
101-33
**
“
5 per cent bonds.
g
“
5
“ **
§
“
o
The securities will mature at the rate of §2,000 yearly from
1906 to 1914. and then at the rate of $3,000 yearly from 1915
to 1918. Fifteen thousand dollars o f the amount will be
issued January 1, 1894, and the remaining §15,000 on June 1,
1894.
W inton Place, Ohio.— On December 18th §2,235 47 of assess
ment bonds due in one to ten years were sold at 101»j and a
loan of §440 19 was disposed of at par.
Youngstown School D istrict, Ohio.— Mason Evans, Treas
urer o f Youngstown School District, writes the C h r o n i c l e
that seven bids were received for the §15,000 of bonds which
were offered for sate on December 15, and they were awarded
to Messrs. Lamprecht Bros. & C o ., of Cleveland, Ohio, at a
premium of §167. Interest at the rate of 6 per cent will be
paval.le semi annually, both principal and interest being pay
able at the office of the Treasurer, and $10,000 of the bonds
w ill mature April 1, 1897, and the remaining $5,000 Septem
ber 1, 1898,
Jgrust (Companies.
S T A T E AND C I T Y D E B T CH AN G ES.
W e subjoin reports as to municipal debts received since the
last publication of our S t a t e a n d
C i t y Su p p l e m e n t
Some of these reports are wholly new and others cover items
of information additional to those given in the S u p p l e m e n t ,
and of interest to investors,
Pennsylvania.— (S t a t e a n d C i t y Sup p l e m e n t , page 63.)—
The following statement of Pennsylvania’s debt and finances
has been corrected to date by means of a special report to the
C h r o n i c l e from one of the State officials. Since December 1,
1888, Pennsylvania has redeemed §6,450,860 of its outstanding
indebtedness. Tbe amounts redeemed in each of the years
1890, 1892 and 1893 will be found in the table showing the
total debt. In 1891 the largest turn was taken up, $3,538,352
and the amount redeemed in 1889 was §881,950.
LOANS—
„— Interest.— ,----------- P rincipal,---------- ,
NAME AND PURPOSE.
P.Ct. Payable. When Due. Outetand’a.
Agricultural College b’d s ,’72.r
6 F & A
Feb. X, 1922 $500,000
Funding loan, 1879 ................... -t F & A Aug. 1, 1904, 1.471,700
(Subject to call alter August 11 894)
do
1881................. r 4
F & A Feb. 1, 1912 4,521,250
do
1881................. r 3 »a F & A Feb. 1, 1912 1,642,900
Proceeds o f farm sale, 1 8 8 7 ...
6 Quar. ^ H |retSury\te J
17,000
Unfunded debt........................... Has ceased.
Past due.
135,211
PAR V A LU E f Q P j 8 0 N D S —These bonds are in pieces o f $50, $100
IN T E R E S T —W H E R E P A Y A B L E .—Interest on the A griculture
College loan is payable at tbe State Treasurer’s office m Harris
burg j on all other bonds at Fanners' & M echanics' Bank In Philadel
phia.
T O T A L D E B T , SINKING FUND, E t c .—'The subjoined statement
shows Pennsylvania's total public debt, the sinking fund held b y the
State against the same, an d the State's unfunded debt, on the 1st of
Decem ber o f the years 1890, 1892 and 1893.
Dee. 1,1 893 . Dec. 1.1 892 . Bee. 1,1890.
Total public d e b t ....................... $8,283,001
$8,394,462 $12,349,920
Stoking funds.............................. 5,883,065
5,788,070
8,019,724
Net d eb t................................. $2,404,096
185,21!
- i........
106,101
<£v«st C om panies.
Minneapolis Trust Co.,
CO NTINEN TA L
100 K a io t a B u ild in g ,
TRUST COMPANY,
18 W A L L S T R E E T , X , Y .
CAPITA I, AH D SURPLUS,
Ot t o T . B a j o i a k d ,
-
-
S85O.000
P ra#id«o
WVULIAM. AU0L4JFBXE SMITH,
-
Ut Vi<»-Pr*#
OORDOSf kUCOOVALD.
24 Yi©«-Pr«#!
UAmacm S. Disckxh, at?
lB !« r e » l A llo w e d o n D e p o ilU ,
BA EL I T E * A Cl* T R U S T S.
TRUSTEES j
Sordoo Honi®,
William lie w ijc t r
A. Lmnlmt Norm,
Thomm T. B&rr,
William F. CoebtttB'
William A . Hazard,
William
Alfred xl'&OTt,
Sard on V u d e u M
oho a ,
n w . D« Forest'
a roster
J in U tl.,
C APITAL,,
Fund w ith State Au d itor,
1 0 1 Rroadfray* Brooklyn, H. V .
VmpmiU tfogtred
to check at sight, am
la tere*t a llo w e d on the tmuHtow dally <mamm
C m tw m tm o f oapoctui lamied f o r tim e deposit#.
m which
rate* will be allow©d.
latereMt com m ence* from d a le o f «ep©*H,
Authorised h? law to act m Executor, Aomlni#ferwtor, Committee. Guardian, Trustee, Receiver,
Fi*eai. and Transfer Agent, and m RafcUtnur o f Stock#
and Bond#; in a le g a l d ep ository tor T r « *
Banda and for money# paid Into- court.
Loan# made on approved collateral#.
Check* on thin company are payable through tbe
H*w York C5eartn«-Boa#e.
A. D. WUKBLOCK, President
% ¥ w r * v s ls & ,
O, r . K1CHARD80N, Secretary.
John Troilowv
TRU STEES *
Bernard Peter#, John Longman,
Wm. K. Horwlll, Bdward T. H nl«,
J. B. Yoorhee#, Jno.McLangbltr
A. D. Wbeetoefc. A. M. gnrdam.
r. GarrUonJ Wm.fc.Wheelod
SWro.
Y
r . W , W s rtte r,
!C
Ota*. U. Ko*#eil IHenry Seibert-
Wm. Dick,
A, IK Baird,
Darw.riR.Js
W. B, Tattle,
mtm** J e w e l l ,
Ino.
J; T. WlJJets, ia F. Richardson
The American Debenture Go..
m ROOKERY, CHICAGO,
m THRRADN PTKDLE ST., LONDON.
$ 3 ,0 0 0 ,0 0 0
C A P IT A L P AID UP, Imam Debeotare Bond * mmneti by bond* o f MuW a t e r , 0 a * a n d R a ilw a y C o m p a n ie s .
JExmmtm treat* fr*tm Individ <a«ta and corpoorUrmn. Act# m agent for tbe reeUttration and trans
fer of bond* and stock# and tbe payment o f
eovffttoa, t&tHHl and dividend#.
$ 5 0 0 ,0 0 0 .
10 0 ,0 0 0 .
$2,606,302 T l 330,19<J
162,512
134,220
1,417,100
1,507,051
^inanjcmt.
E W. Clark & Co.,
BANKERS AND BROKERS,
X o . 139 South F o u rth St.,
P H IL A D E L P H IA .
Transact a general banking business. Allow
intereat on deposits.
Members o f the Philadelphia and New York Stock
Ha# no deposit#; receive# money on treat accoan!
only. Burglar proof raoltt. Will# kept safely wlf fl Exchange#, and connected by prlvte wire with
oat charge. Act* a# executor, trustee and guArdian; New York.
executes treat# o f every description.
P IT T S B U R G , PA.
DI RECTORS
ESTABLISHED 1871.
Bamael Hill, Preeldeot; Wm- H. Dtmwoody, r lr#!
Yice-President; H. F. Brown, Second Vice-Presi
dent; Daniel Bassett, Third Yiee-Presideat; Oarkaos.
Lindiey. Secretary and Treasurer; Isaac Atwater
EL W. Cannon, Jamm J. Hill, R. B. I^ngdoo, A. F
BANKERS AND BROKERS,
Kelley, W. G. Northap, C. G. Goodrich, Charles A.
PUIabary A. H. Linton and P. B. Winston,
No# 5 7 F O U R T H A V E N U E ,
Oldest Pittsburg members N. Y. Stock Exchange,
Whitney & Stephenson,
Missouri Kansas & Texas
Henry Sproul & Co.,
Trust Co.,
T8 F O U R T H
A VKN UK,
KANSAS
The Nassau Trust Co ,
10&5
CHRONICLE
C IT Y ,
JBLO.
B t t A S t 'l l O F F IC E S ■
38 W*ll 9t„ Now York.
43t> Chestnut Sb, Fhlla.
297 Heereugraoht, Amsterdsm. Holland,
P A ID C A P I T A L .......... .........S I ,*250.000 01
S U R P L U S ................................
3 0 0 ,0 0 0 00
U N D IV ID E D P R O F I T S ......
7 0 ,3 3 2 00
A KTOUR E. 6TILW ELI^ Pres.
BOARD OF DIRECTORS.
Woods.
C. A. Dean,
K. L. Martin.
------. K. Stillwell. A. AA. .Mo*h(
" L McD.
Trimble, A.JLJtlHwen,
Mosher
E.!
Uoyd,
| $2SS%
’
k P. Menslu,
rw V £ S S “ '
%rmhw-M. ^Howe,
John F. Drrden, EL W, Marsh
E. Henry Barnet
P IT T S B U R G , F A .
MMMEXna O'* T !!,
NEW YORK. STOCK E X C H AN G E .
P H IL A D E L P H IA STO CK E X C H AN G E
P IT T S B U R G E XCH AN GE (3 Member,),
CHICAGO BOARD O P T R A D B .
C. W. Branch & Co.,
BANKERS AND BROKERS,
State Ba s k Bun.rn.vo,
R IC H M O N D ,
V A.
Private wirea connect!^! with^^Waahiugten. Balti-
Metropolitan Trust Co.,
3 7 <fc 3 0 W a ll S treet, Hew Y o rk *
P aid -U p C ap ita l ..........................0 1 ,0 0 0 ,0 0 0
S n r p i a * . . . . .................................... ..
8 0 0 ,0 0 0
more, PlillaUelpbiA New York, Boston arid Chicago.
New York Corresponhenta; Messrs, Moore & Schley
and Prince & white!?.
Irwin, Ellis & Ballmann,
Bankers and Brokers.
of
Designated a# a legal depositary by order
or<
Supreme Court. Reeeire deposit* of money on in
DEAL IN CINCINNATI BONDS.
trusted for
terest, *»;». m n*cal or transfer agent, or fcrus
oorporatlon*. and accept and execute any legal trasfg 51 W est Third Street, Cincinnati, Ohio.
from penson# or corp^/ration#, on a* favorable term#
as other similar companies.
e H A I U .E S H O D Q M A J t
Thomas Hliiboose, Pre#. FredTc D. Tappen, Y. Pre#. Ed w ah u s W h it a k e r .
G. M. Jesap, 2d V. Pre*. Beverly Chew, Secretary.
George D. Coaney. Assistant Seeretarr.
Whitaker & Hodgman,
George Eustis & Co.,
BASBER8
AM )
C IN C IN N A T I,
BROKERS,
O H IO .
BOND AN D S T O C K B R O K E R S .
300 N o rth F o u r t U Street.
S T . LO U IS,
THE
1096
CHRONICLE,
The Blnking fund on December 1 1893 held the following securities:
Allegheny Valley Railroad bonds, $1,600,000; interest, on same,
33 334; United States 4 per cent consols, $3,000,000 at 112, $3,f 60
,000, and cash, $889,731; total, $5,883,065.
The unfunded debt mentioned in the above table consists of relief
notes in circulation, interest certificates unclaimed, interest certifi
cates outstanding, and bonds past due upon which interest has
ceased.
ASSESSED VALUATION.—The value of personal property in 1893
was $607 585,757; in 1892 it was $591,007,558. The valuation of tax
able real estate in 1889 was $2,002,942,127; in 1888 the valuation
was $1,840,433,540.
Taunton, Mass.—(S t a t e a n d Ci i y Su p p l e m e n t , page 31.)—
Willis K. Hodgman, Mayor.
The following statement of Taunton’s debt valuation, etc.,
has been corrected by means of a special report to the C h r o n
i c l e from Edward H. Temple, City Treasurer.
It shows the
city’s financial condition on December 1, 1893, the close of
the last fiscal year. This city is in Bristol County.
/— Interest.— % /---------- Principal,-----------P.Ct. Payable.
When Due. Outstand'g.
J & D Juno 1, 1895 $149,000
.’78 & ’79 5
.1 & D June 1, 1894
51,000
.......1884 4
....... 1884 4
J & D Deo. 1, 1894
5,500
.’81 to ’86 4
J (fe D June 1, 1895
107,500
.......1887 4
J (fc D June 1, 1897
14,000
D June 1, 1896
.......1891 4
J
7,500
D June 1, 1898
J
62,000
.......1888 4
.......1893 4
J <fc D June 1, 1903
15,000
.......1891 4
J & J) June 1, 1911
5,000
....... 1893 4
.1 & D June 1, 1913
15,000
.......1886 3bj J & D June 1, 1896
70,000
J <& D June 1, 1901
60,000
.......1891 4
J & J July 1, 1896
.’76 t o ’78 6
250,000
....... 1880 41t J & J July 1, 1896
30,000
J & j July 1, 1896
’80 to ’83 4
158,000
.......1887 4
.1 & j July 1, 1897
5,000
J & J July 1, 1904
....... 1884 4
12,000
J & J July 1, 1905
.......1885 4
1,700
J & j July 1, 1906
....... 1886 4
27,000
J & J July 1, 1908
.......1888 4
5,000
J & J July 1, 1909
....... 1889 4
15,000
....... 1890 4
J & J Jan. 1, 1910
30,000
.......1889 4
J & J July 1, 1910
15,000
J & J July 1, 1911
.......1891 4
38,000
J & J July 1, 1917
45,000
............... ....... 1887 4
LOANSNAME AND PURPOSE.
do
LVol . L v n ,
LOANS---- Interest. —,
NAM E AN D PURPOSE.
P.Ct. Payable.
Water bonds........................ 1892 4
J & J
do
..........................1892 4
J & J
do
..........................1893 4
.1 & J
Municipal notes......................... 4
J <fc D
do
..................1893 4
J & D
do
.......................... 4
J & D
do
......................... 4
M & N
do
......................... 4
J & D
do
.......................... 4
M & N
IN T E R E S T -W H E R E PAYABLE-Coupons are payable at the
Atlas National Bank of Boston. Registered interest is remitted by
City Treasurer.
T O T A L DEBT, SINKING FUNDS, Et c —The subjoined statement shows Taunton's total debt, the sinking fund held by the city
against the same, and the water debt, on the first of December of each of
the last four years.
1893.
1892.
1891.
1890.
Gross debt.....................$1,700,542 $1,612,099 $1,241,422 $1,138,358
Sinking funds, e tc ....
901,791
719,169
663,991
601,368
Net debt Deo. 1 ... $798,751
Water debt (included).$l,007,700
Water sinking fund...
407,417
$892,930
$577,431
$536,990
$991,700
$631,700
$593,700
............................. 327,411 286,454
$304,289
$307,246
Net water debt.. . . $600,283
$ .............
Net “ municipal” debt $198,468
$ .............
$273,142
$229,744
In the above table the total debt includes liabilities other than funded
(to the amount of $113,383 in '93) and the sinking funds include “ cash,
taxes, etc.,” these in 1892 amounting to $114,875.
The sinking fund receives yearly a sum sufficient with accumulations
of interest on sinking fund investments to retire entire debt at maturity.
ASSESSED VALU ATIO N —The city’s assessed valuation and tax
rate at different periods have been as follows, real estate being taken at
about 95 per cent of cash value.
----------------- Assessed Valuation--------------— Bale of Tax
Years.
Beal.
Personal.
Total.
per $1,000.
1893.................... $13,564,100
$5,121,310 $18,685,410
$18'00
1892.................... 13,262,740
5,050,610
18,313,350
18-40
1891.................... 12,994,625
5,075,925
18.070,550
17-40
1890.................... 12,824,625
4,998,407 . 17,823,032
1760
1889.................... 12,621,708
4,769,868
17,391,576
17-80
1886.........................................
............
16,756,469
16-70
1882.........................................
............
16,003,677
15-80
POPULATION—In 1890 population was 25,448; in 1880 it was 21,2 13 ; in 1870 it was 18,629.
CHICAGO.
CHICAGO.
--------—Principal.----------.
When Due. Outstand'g.
July 1, 1922
350,000
Jan. 1, 1922
10,000
July 1, 1922
16,000
June 1, 1895
1,500
Dec. 1, 1895
1,000
June 1, 1896
3,500
Nov. 1, 1896
1.700
June 1, 1897
7,200
Nov. 1, 1901
3,000
CHICAGO.
The
Title Guarantee & Trust Illinois Trust & Savings
Bank.
EquitableTrust Company
Company
1 8 5 D E A R B O R N S T », C H I C A G O .
OF
9 2 , 9 4 Sc 9 6 W A S H IN G T O N S T R E E T .
CAPITAL, PAID U P , ----------- $500,OOC
S U R P L U S ,..............................
50.00C
C a p ita l, p a id -u p .............................8 1 ,6 0 0 ,0 0 0
U ndivided ea rn in g s, Including
2 3 9 ,0 0 0
s u rp lu s ............................................
D e p osited w ith S ta te A u d ito r . .
2 0 0 ,0 0 0
AUTHORIZED BY LAW TO RECEIVE and ex
GUARANTEES TITLES TO REAL ESTATE.
ecute trusts of every character from courts, corpora
MAKES ABSTRACTS OF TITLE.
tions and Individuals. Takes entire charge of estates
real and personal. Acts as agent for the registra
Offers in v e s to r s in r e a l e sta te secu rities
tion and transfer of bonds and stocks and the Day p ro te ctio n a fford ed by no o th er system of
ment of coupons, interest and dividends. A lega doing business.
depository for court and trust funds.
Is authorised by law to act as Registrar of Stock*
INTEREST ALLOWED ON DEPOSITS of money and Bonds, Executor, Receiver and Trustee for
which may be made at any time and withdrawn aftei Estates, Syndicates, Individuals and Corporations.
five days’ notice, or at a fixed date.
Trust moneys and trust securities kept separate
TRUST FUNDS AND TRU8T INVESTMENT! from the assets of the Company.
are kept separate and apart from the assets of the
C O R R E S P O N D E N C E S O L IC IT E D .
company.
OFFICERS:
DIRECTORS:
GWYNN GARNETT, President.
AZEL F. HATCH,
CHAS. H. HULBURD,
A. H. SELLERS, Vice-President
M.W.KERWIN,
GEO. N. CULVER,
ARCHIBALD A. STEWART, Secretary.
HARRY RUBENS,
MAURICE ROSENFBLL
CHAS. R. LARRABEE, Treasurer
J. R. WALSH,
SAMUEL D. WARD.
FRANK H. SELLERS, Trust Officer.
OTTO T^HJNG.
DIRECTORS:
Gwynn Garnett,
Chas. W. Drew,
W.
D.
Kerfoot,
John P. Wilson,
OFFICERS:
Horace G. Chase,
Edson Keith,
J. R. WALSH, President.
John G. Shortall,
Geo. M. Bogue.
John DeKoven,
A. H. Sellers.
CHAS. H. HULBURD, Vice-President.
8amuel B. Chase,
8AMUEL D. WARD, Treasurer.
COUN8EL:
LYMAN A. WALTON. Secretarj
W. C. Goudy,
John P. Wilson,
A. W. Green,
A. M. Pence,
Jamieson & Co.,
ST O C K S —B O N D S ,
M mbera New York and Chicago Stock Exchanges.
187 DEARBORN STREET,
C h ica g o , I lls .
Private wire to New York and Philadelphia.
Loeb & Gatzert,
M ORTGAGE BANKERS
•a s L A S A L L E S T R E E T , C H I C A G O .
Ffrit Mortgages for sale in large and small amounts
netting investors 6,
and 0 per cent, secured bj
mproved and Income-bearing Chicago city property
P rin cip a l and In te re st p a y a b le In G o ld .
CORRESPONDENCE SOLICITED.
C H IC A G O , I L L .
C H IC A G O ,
C A P I T A L A N D S U R P L U S , - 83,300,O«*«>
INTEREST ALLOWED ON DEPOSITS.
This Bank is directly under the jurisdiction ani
■upervlsion of the 8tate of Illinois, Is a LEGAL
nHPOSITORY for Court Moneys, and Is authorises
to ^ as TRU8TEE, EXECUTOR, RECEIVER and
ASSIGNEE for ESTATES. INDIVIDUAL0 and
CORPORATIONS.
OFFICERS:
John J. Mitchell, President.
John B. Drake, Vioe-President..
Wm.H. Mitchell, 8eoond Vice-President,
Wm. H. Reid, Third Vice-Presidem
James 8 Gibbs, Cash’r. B. M. Chattell, Ass’t Cash*
DIRECTORS
John McCafl8ry,
John B. Drake'
L. Z. Letter,
Wm. H. Reid,
Wm. H. Mitchell,
John J. Mltohe
Wm. G. Hibbard,
J. C. MoMullln,
n B. Shipman,
J. Ogden. Arn-r-rr.
T.
1850.
1893.
The United States Life
Insurance Co.
IN T H E C I T Y O F N E W Y O R K .
OFFICERS.
G E O R G E H . B U R F O R D , P resid e n t.
C. P. FRALEIGH........................... ............Secretary
A. WHEELWRIGHT............... Assistant Secretary
WM. T. STANDEN...................................... Actuary
ARTHUR C. PERRY......................................Cashier
JOHN P. MUNN..............................Medical Director
FINANCE COMMITTEE.
GEO. G. WILLIAMS............ Pres. Chem. Nat, Bank
JULIU8 CATLIN.......... ...........................Dry Goods
JOHN J. TUCKER..........................................Builder
SUCCESSOR TO
E. H. PERKINS, JR., Pres. Imp. & Traders’ Nat. B’k
The two most popular plans of LIFE INSURANCE
H E R M A N S C H A F F N E R & C O . are
the CONTINUABLE TERM POLICY whioh
ves to the insured the greatest possible amount of
S
demnity in the event of death, at the lowestposslCOMMERCIAL PAPER,
ble present cash outlay; and the GUARANTEED
INCOME POLICY which embraces every valuable
154 l a Salle Street, - Chicago, 111 feature of investment insurance, and which in tha
event of adversity overtaking the insured may be
used as COLLATERAL SECURITY FOR A LOAN,
the extent of the full legal reserve value thereof
A. O. SLAUGHTER, Member N. Y. Stock Exchange' to
in accordance with the terms and conditions of these
fM . V. BAKER, Member Chicago Stook Exohange- policies.
, _
Good Agents desiring to represent the Company
are Invited to address J . 8 . G A F F N E Y , Super
intendent of Agencies at Home Office.
A. G. Becker,
\ . O. Slaughter & Co.,
BAN KERS,
1 1 1 -1 1 3 D A 8 A I.D K S T R E E T ,
C H IC A G O , IL L S .
C h ica g o S e c u r itie s B ou g h t an d S o ld .
Arch’d. J. C. Anderson,
P U B L IC ACC O U N TA N T,
1 2 7 W a t e r S treet,
NEW Y O R K •
@FedFRASER