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;
AND
.
xmtk
W
HUNT'S MEllCIIAl^TS' MA(iAZINE,
aaPRKSBNTINQ THB INDUSTRIAL AND 00MMB3R01AL IN rKRBSTS OV THK UNITKD 8TATW.
*
ntered »eeordl»g
VOL.
to
Apt of Oonnre«ii, In
ma jtM 1892, br Wm.
B.
Paha
SATURDAY. DECEMBER
55.
Louiflville 88 per cent,
dianapoli?, 58'8 per cent
Terms of Snbscription— Payable In Adranoe:
For One Ypht
no 00
ForSlx Months
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7 00
Annual Subscription In London (lui'ludlnir postage)
£2 10a.
8lx Mos.
do.
do.
do.
...jeilOs.
The INVKSTORS' Sfri'LKMKNT of IGO nnKCR Is Issued every other
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|
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WILLIAH B, DANA
JOHN O. FLOTD
CWILIilAn B. DANA ic
<
102 WUIIam Street,
CPriraifitm.
Bonon
ProTldene*..
Hartford
New Uaren.
6pt
WoroMtar.
Portland..
lAiwall
Saw Bedford
Total
Co., Pnbllihcra,
NEW VOBH.
New Bncland..
Phlladalplila.
PltuborK.
Baltimore
Buffalo
Washington
Roohaater.
Srracuae.
.
WtlmlnKton.
Blnahamton.
Total Middle,
POST Officc Box 958.
(
fkara.)
(Slackt
Kail RlTar*
$3 50 Three Months (13 times). .£25 00
" ).. 4300
(4tlmea).. 1 1 00 Six Months
(26
" ).. 18 00 Twelve Months (52 " ).. S8 00
(8
Uhleaso
dadnoatl
CLEARING HOUSE RETURNS.
Mtlwaakaa.
Detroit
made up by teleeraph,
The following tablp,
etc., indicates
that the total bank clearings of all the clearing houses of the
States for the week ending to-day. December 24. have
United
been $1,441,944,220, against SI, 4.58,014,868 last week and
$1,052,418,848 the corresponding week last year. The very
Cleveland
Colambas.
Indianapolis.
Paorta,
Orand Rapids,
r,«zlo«ton....
Saclnaw
Sprlnxfleld. O.
heavy increase over last year is due in part to the fact that Akron'
Total Middle Wcetarn.
Christmas fell in the week of 1891 with which comparison is
San Franoisoo.
made.
Portland
Wetk Ending Dtcembtr
OLIABIHM
BetUTTH by TitevravK
Hew York
*722,t40.241
Boston
PbUadelnhla
BTdw Orleans
Total
Sloax Falls
Spokane*
+525
lielaDa*
ToUi Paoiaa.
t<92,443,184
:is,4ie,3ii
4482
St.
446-4
SloDzCitr.
$1,104,943,277
247,000 94S
$807,858,-345
447-9
Wichita,
Llnooln
$1,441,944,220
S days....
Iday
all
(Sreat rails
449-2
{1,025.895,004
168,948,273
....... ..........
all cities,
Taeoma.
Lo< Angelas
68.726,398
12,567,608
82,312.853
21,598.585
18.867,102
.
Seven cities, 5 days
Otber cities, 6 days
Total
PtrOmt.
1484.110,847
61,975,868
46,884.878
8,932,160
62,958,000
17,478,362
9.152,431
CI 052.418,848
94.4!!3,2:7
..„.
Bt- Lonls
All cities,
1891.
1883.
Salt Laka City
Seattle.
24.
olUes for week.
244,560,503
-f48'7
428-4
+46'6
433-6
+51-5
,
Kansas City
Minneapolis
St-PaofT:
Omaha,
DeoTar,
Dalutk
Joseph
Dee Molnaa
+10 Topeka
+370
Emporia, Kan.*
Total other WastarsL.
The full details of clearings for the week covered by the St. Loau
New Orleans
above statement will be given next Saturday.
cannot, of LoalsTllle,
course, furni.sh them to-day, bank clearing being made up by OalTaston..
the various clearing houses at noon on Saturday, and hence in Memphis ..,
^arannah
the above the last twenty-four hours of the week have to be Hoaston..
Ricbmond..
in all cases estimated, as we go to press Friday night.
NashTllle...
give below our n^ual detailed figures for the previous \tianta
week, covering the returns for the period ending with Sat- Norfolk
Dallas
urday noon, Dec. 17, and the comparative lotaU iu 1891, The Fort Worth
Waoo.
total for the week is nearly one hundred and seven millions
Birmlnahaai
of dollars greater than that for the preceding week, of which (Chattanooga
Charlestoo*
one hundred millions is at New York. SpecuUtive transac- Jacksonville* ....
tions on the New York Stock Exchange have been greater
Total Soatham
than for the week ending Dec. 10 and much ahead of the
Total all
same week in 1891. Compared with the corre.s ponding period
of 1891 there is a gain of 19-4 per cent in the whole country OaUlda New York
and ia-5 per cent outside of New York, the increase at thi.s Montreal .
...
city beiut: 22-1 per cent.
In percentage of increase New Bed- Toronto ...
Oallfaz
ford leads this week with 62'2 per cent and is followed by Uamllton
Total rana'la.
Omaha, 56-1 per cent Houston, 43-8 Washington, 888
Duluth, 38 Seattle, 37-5 Fort Worth, 87-4; Worceeter, 84-3
Rot iBoladaa •
We
.
.
We
;
;
«l.Ma,<07
;
;
NO.
>
tatala.
1.436.
The heariert loM has been
W-k
I
OneMonth
Two Months
24. 1892.
and
3fhe ©hrouick.
Onetime
A Pp.. In the oUce of tko Ubnrlu of Oon«i«w, W '->«-(ffw, Bt a
at lo-
Bitft Dm. «•.
THE CHRONICLE.
1056
week
has
being
THE
made
came from
[Vol LY.
been
at
10
least
The
at that figure.
per
cent,
relief to
renewals
the market
payments by the Treasury and from
through sterling loans. We are inSee page§ 1069, 109O, 1091 and 10»2;ror our State formed that the amount of these loans was much
and City Department.
smaller than general report, and that would seem
Our readers will find in our State and City Department to- to be confirmed by the very brief effect they had on the
day a notice of importance to holders of Virginia State bonds. foreign exchange market. We are told tha*; maturing
All advertisements with relation to State and City Bonds loans to the amount of about £500,000 were renewed
and new sterling loans to probably an equal amount
will likewise be found on the same and following pages.
were made, so that the entire supply of new money
from that source was about $3,500,000.
TMB FINANCIAL SITUATION.
As already said, call money, representing bankers'
Senator McPherson has tbis week introduced into the balances, averaged for the week about 10 per cent, at
Senate a resolution which proposes to confer upon the which renewals were made, while banks and trust comSecretary authority to suspend purchases under the panies maintained 6 per cent as the minimum.
Time
1890 silver law, and he has also given notice that he contracts have been in good demand, but the supply
ST^TE A^H CITY DEf ABTMETIT,
will call
up the resolution immediately
this
after the holiday
Quite a hopeful feeling prevails here that in
silver bullion purchases will soon be
recess.
larger
foreign bankers
has been very limited for the reason that lenders took
advantage of the inquiry in the call loan brauch of the
market and employed
we do net know how good a founda- done was on the basis
form these
discontinued, but
their
money
there.
of 6 per cent for
all
The
business
dates and on
tion there is for the better feeling.
We greatly pity strictly first-class collateral. For commercial paper the
the coming Secretary under the new administration, market was comparatively dull, although some business
whoever he may be, unless before he takes office some was done at full rates by a few city and out-of-town
adopted to stop those purchases. He will enter
middle of the gold export period,
with an empty Treasury, with disbursements fully equaling receipts, and with the currency difficulty becoming
daily more embarrassing.
We cannot see how any but
a novice in finance or one who has no reputation to lose
plan
is
upon
his duties in the
Early in the week
was noticed that the sapwere
in no urgent need of money, but later there was good
evidence that fairly large amounts of paper would be
banks.
it
ply was not pressing, indicating that merchants
offered
if
the
demand should
increase.
the existing uncertain condition of the
Of course in
market for
money, rates for paper are nominal at 6 to 7 per cent,
would elect to take the position.
A rumor has prevailed the last two days that the without regard to class. The bank return for last week
Secretary was about to make a sale of bonds to our showed that five of the larger banks held $2,771,400
New York banks to replenish his gold reserve. It out of the $5,445,225 surplus reserve reported by all
hardly needed
official
denial to assure the public there
was no truth whatever in that statement. The proposal to borrow from banks of this city as a provision
against an anticipated export of gold, is nonsense.
Such a method of putting the boot on the other leg
can never be done and has nothing to recommend it.
The operation would simply aggravate the situation
and not relieve it in the least. If the Treasury needed
gold to meet a domestic demand the banks could supply
it
just as they
did in the early days of the war.
But against an export of gold the only absolute relief
obtainable would be a sale of bonds for gold in Euro pe,
and even
in that
case
the purchaser would have
the institutions.
The
political excitement at Paris is reported by cable
have been intense during the week, even, it is
elaimed, endangering the French Eepublic.
Yesterday it was reported that there was a panic on the Paris
to
The
Bourse.
aggressive course of the
Government
in
leading the prosecution of the parties charged with
bribery regardless of their social or political position
seems to have met with favor in the Parliament, and it
is said that this policy has defeated the purposes of the
royalist intriguers.
Nowhere in Europe have discount
rates
been affected by the commotion at Paris, notwith-
standing correspondents of the London journals haVB
from day to day been predicting the overthrow of the
to
them off the market or they would
quickly float homo and make a fresh demand for that
metal.
One other method for securing gold in driblets
would be to go away from New York, into the country
agree to keep
The cable reports
London If per cent
Kepublic.
bills in
;
sixty to ninety-day bank,
at Paris the
open mar-
9^ per cent, at Berlin it is 2J per cent
districts, from bank to bank, and sell a bond here and and at Frankfort 3 per cent.
According to our special
there and so pick up a supply sufficient to keep the cable the Bank of England lost £189,120 bullion
gold reserve replenished for the time being. As Mr. during the week, holding at the close £24,569,024 ;
Foster has only two more months in office, that is a this loss, as we are also advised by our correspondent,
possible and we should say a feasible resource for him. was due to the export of £21,000 to Russia, of £10,-
Our
ket rate
is
000 to Chili, to the import of £110,000 from Brazil,
readers will find to-day on subsequent pages an
we have written on the money spasm which £25,000 from Australia and £9,000 from elsewhere,
occurred Monday and Tuesday of this week and its re- and to the shipment of £302,000 to the interior of
lation to the gold export movement.
On Monday call Great Britain. The Bank of France reports an
loans were made at 40 per cent, but the demand was increase of £150,000 gold, and since the last return
satisfied before the closing hour, and then the rate fell the Bank of Germany has gained about £216,000 of
to 6 per cent Tuesday renewals were made at 10 per this metal.
article
;
cent, then there was an advance
by noon to 15 per cent,
Foreign exchange has been active this week, influunder liberal offerings, enced almost entirely by the local rates for money. On
and near the close, when the demand had been Saturday the Bank of British North America reduced
supplied, there were transactions as low as 3 per its rates half a cent, and on Monday Bering, Magoun
cent.
Since Tuesday the call rates have ranged & Co. reduced their rates.
With these exceptions the
irom 7 to 4 per cent and the average for the market opened unchanged compared with the close of
but
later the rate gradually fell
'
;
DiCKMBRR
THE ('HRONICLK
34, 1893.]
1037
mw
money on MonAm trtryoM knowi,
nilnMd ooMlrMtioa in lk«
and it wai alM Uoitcd StatM dnring tho currant yiar h«< bMO on s
affected by tho ofTorings of about £500,000 loan biili, u oomparatiTolj imall ioale.
Soom fl;n>rM which tb«
explained above.
On Tucsdoy Brown Broa. reduced llailway Agt of Chicago haa prepar4<l aro fully coatheir rates eoon after tho oponinj; to 4 85} for long firmatory of prevailing belief on that point
NoitltOT
and 4 88 for short. On Wednesday the market felt the tho conditions affecting railroad oporation* oor tlM
effect of easier money, and it grew stronger during the general economic condition* of the count ry, were f«ron^
day. Brown Bros, advanced their rates to 4 8C for long ble to the conatrnction of a largo amount of new miloaf».
and 4 88.} for short. Baring, Magoun & Co. reduced tho The Age finds that 4,062 milea of new tra-^k woro laid
short rate to 4 88
the Bank of British North America in the twelve months the year hv« not yet quic« cloeod,
reduced both long and short half a cent, but later the bnt probably in the week whioh still remain* farther adrates wore restored, and the Bank of Montreal lowered ditions will bo slight.
If we put tho tottl for tho foil
On Thursday Baring, Magoun twelve months at 4,100 milei. this will compare with
its rates half a cent.
& Co. advanced the short rate to 4 88}, while yos- about 4,500 miles in 1891, about 5.700 miUa in 1890
terday Brown Bros. & Oo. and the Bank of l^lontreal and 1889, 7,000 miles in 183^, and about 13,000 miloa
advanced long to 4 8C}, the market closing firm at 4 8C.} in 1887, which latter year showed the maximum yearly
for sixty-day and 4 88} for sight.
Rates for actual addition in the history of the country.
Th«r«
business were 4 86f to 4 8G for GO day; 4 87! to 4 88 has really been bnt one year since the reaampfor cable tranfcrs
of specie
payments in 1879 namely the
for sight ;
4 88i to 4 88}
tion
4 85 to 4 8oi for prime and 4 84} to 4 84} for year 188&— when the amount of new onstraction WM
The shipments of materially below that for the present year. Nor do
documentary commercial bills.
gold for tho week were Ileidelbacb, Ickelheimer & Co., present indications favor any great activity in railroad
$1,300,000; Lazard Freres, $1,000,000; Kuhn, Loob & building during the coming twelve months. The inCo., $700,000; Baring, Magoun & Co., $500,000, and ducement to build new roadi even in the newer aeoLadenburg, Thalmann & Co., %500,000, makinst tions of the country appear to be slight, and beaidM
$3,900,000, on Tuesday, and A. Bolmont & Co. $500,- there is little opportunity to negotiate bonds to proIn only seven States did the total of
000 on Wednesday. This total of $4,400,000 ended the vide tho means.
exports for the week. Whether any gold will go on new track laid in 1892 reach or exceed 200 milea, acWashington leada
Tuesday of next week depends npon the condition of cording to the records of the Age.
the urgency of the case. As with 420 miles, Pennsylvania shows 257 miles. New
exchange and also upon
Monday is a holiday and as the steamers sail early on York 236 miles, Michigan 220 miles, Texas 211 milea.
Tuesday, whatever gold is taken must be sent on board West Virginia 204 miles, and Minnesota 200 miles.
As the subject of railroad "pooling" is now attrACting
the steamer to-day. The Bureau of Statistics has this
week issued the preliminary statement of the foreign a great deal of attention by reason of Senator Gullom'a
trade of the United States for November. It will be proposed amendment removing the prohibition agaiiut
noticed that compared with 1891 the figures are much agreements of that kind contained in the present
some remarks which President Palmer of the
law,
less favorable.
roBBIOX TBASB MOVEMBST OF THB CMITED STATES.
Grande Western makes in the annual report
Bio
In the foUoirtiu table* three olptaen (000) are In all ouee omitted.
submitted this week, possess
1891.
of that company,
1892.
Tho
tho provioua Friday.
day caused tho market
(tringoncy in
to cloto weak,
;
;
—
.
,
Herchaa-
BzporU.
diie.
t
2liN.eOA
./an.-Mar..
Aprti-Jone
•.110.517
Julj-Sepl..
October....
nr.72J
Total....
830.81)7
Uold.
Jan—Mar..
l.t,0«3
April-.! one
38.604
79.183
73.820
803.747
110,491
Jolr-Sept..
October....
4^4
1,138
Norember.
63,852
Total....
.
ExvorU,
JSxcfM.
Rrau.
Import*.
interest.
+3 .1.1)33
After
referring
to
the
nnsatisfaetory
6.t»3
1,67«
a.180
3,113
•4.577
13,910
a34.»21
t403J>lS
+4«.»0fl
—6.aOS
1S«.5«
-I-W.713
31S.203
104.877
34«.73l
lBt.500
-40.148
-33.519
t*14.«7»
•iir.oss
18i(.l57
ti7.8ii
November.
Imports,
•S.8M
+36.0*1
+-.I4.503
I'O.oi
64.831
+4.^.213
and neighbors, during the past
+43,150
830.574
738,873
+91.701
!l,578
+7.318
convincing that if the people really wish to secure tho
objects sought by the passage of the Inter-State Law,
+ 43.709
+6,800
9.801
+^46,»34
60,588
+18,281
—4,834
-t.43»
7a8o
9374
-•4,8»8
810
ss:
16.8J8
-l«.oe8
+47,74»
783M
38.a51
7M +39338
8871
-8.489
condition of rates. Gen. Palmer goes on to state that
the experience of his line, as well as all its connections
the law shonld bo
form
amended
of agreement for
year,
is
more than ever
so as to authorize
the
distribution
of
soma
trafiBc
The present system, he aaya,
road?.
between
discrimination
tho
promotes
+ 1.9«
It
shippers which the law was intended to prevent.
+1J91
+•4.197
favors the restloES and bargaining trader, and the
+39,881
among
the
directly
BiWer.
3303
+ I.01S
3313
4,803
3.6S3
3.43S
+'4.971
JalT-Sept..
October..,.
7. 319
7.474
»,038
3.5 J7
+3.488
November.
4JiM
•4.7S1
+•4,113
4.353
7.315
3.231
4.910
Jaa.-Mar..
April -J one
ToUI....
34.109
+ SxoeM of
19,902
export*.
We subjoin
+13
•J
-44358
i- 14,387
423
+•4.412
3.19J
+8.749
16,112
— Bzceu of Importa.
tho totals for merchandise, gold and
Ter for the eleven months
Export*. Import*.
0/
BrporU
»
1892. 8.10.W; H«,'J.747
1891. Si r.-i
1890. 7.1 .Oil rH-4.595
1889. ».l0.20.i 7IU.024
tiM4.827
1888.
18S7. «i-4.0Tl «%«.707
' Excess of Import*.
*
as-
Im-
port*.
port*.
t
43.160 63.961
9 1 .701 78.832
•3.614 iJSAai
19.681 30.821
•3K8»4 •J6301
•14339
•
Jtp-
of
Im-
port*.
port*.
I
(
Export*
1
0/
M^
pM.
*
13310 47,742 33.1W 19302
I1I.29T
I6.m
8.748
38.961
39381 44348
unscrupulous
or
reckless
railway
and
its
traffic
officials, at the expense of the fair-minded shipper and
honest railway official who aim to comply with the
It encourages and has inprovisions of the law.
creased the secret cutting of rates, to meet tne competition of which honest lines are unable aa before to make
8n,TBB.
SOU).
Mat—*
sil-
for six years.
MIHCHAIfDIai.
Elfvfn
t
3.313
a.9»3
3.148
9.234 •43.706 •493I1 3.194
10.700 39.921 36.872 17.902 19.210
16.747 •4M.181 I3.i>ei 1 •4.200
1 0.054
8.778 43,0(H •34.309 •44.000 1 3.970 8,724
14497
The foregoing shows that imports continue Uri^e, being
$8,329,000 mortj than in November 1891, while the
exports coutiaue comparatively small, baing $12,383,000
less than in the same month a year ago.
open reduction, for fear of the injurioua effect upon
" If those charged with the executheir local traffic.
tion of the law ever expect to get any evidence againat
an offending line, and the favored shipper with whom
it colludes, it is not likely to be through the leatimonj
of either of these parties and will certainly not be in
writing, as no scrap of written engagement paaaea
Aa ia well known, the InterCommerce Oommiasion recently aent out circalara seeking expreasiona of opinion aa to the wisdom
The Gomauaaios
of permitting pooling agreements.
thia week submitted its annual report to Oongraaa, and
in such negotiations."
State
.
.
THE CHRONICLE.
1058
[Vol. LV.
With the Sub-Treasury operations and gold exports,
tho position which they take in that document is found
" The attempt to secure the the result is as follows.
in the following quotation
public from discrimination, extortion, favoritism, un-
—
due preference, and to secure to every citizen just and
reasonable rates, and equal and exact treatment in all
transportation matters, is the very essence, spirit and
purpose of the law, and it would be vain to protect
carriers from competitive attacks upon each other if
the general public cannot be protected from the greater
Probably the only reply
evils above enumerated."
necessary to this criticism is that through the legal
establishment of pooling it is hoped to remove such
Week JBnMnt December
Into
Bank*.
23, 1892.
Banks' iut<-rior movement, as above
iSnb-Treas. opftr. and gold exports..
Total gold and legal tenders
$4,509,000
22,100,000
Outer
.yetO/tnnffefri
Bank*.
Bank Holding.
f3,605,000[Galn. $964,000
24,300,000|L088. 2,200,000
$26,669,000 $27,9a6,000<LosS.$l,236,000
GOLD EXPORTS CREATE "UNEASINESS"
EVERYWHERE BUT IN OFFICIAL
CIRCLES.
money
this week has been the conThe spasm in
expected to spicuous event. Forty per cent for call loans in Wall
The
have a good effect on the condition of the anthracite Street, a very considerable decline in the more speculaThe Bureau of Anthracite Coal Statistics tive securities dealt in there and some decline in nearly
coal trade.
at Philadelphia has issued its statement for November, the whole list, the demoralization of the foreign
evils, or at least to
make them
less likely.
cold weather of the last few days
is
shows that though production as compared with exchange market concurrently with an export of
month last year was restricted 357,- $4,400,000 of gold these are the chief outlying facts
847 tons, yet tidewater stocks further slightly in- indicative of the situation and of the trial the Street
It has had to endure.
creased during the month in amount 51,890 tons.
So far as the flurry in money is concerned we need
is only proper to state, however, that the production
the almost semi-panic
last year had been very large, exceeding that for No- hardly say it came as a surprise
vember 1890 by 636,070 tons. In the following we which followed shows that. Such occasions always do
compare stocks and production for the last three years come as a surprise and we presume they always would
even if their recurrence should assume the regularity
January 1 to Kovetiiber 30.
Indeed whoever koew a
of a national holiday.
Anthracite Coed.
1891.
1890.
1892.
1890.
1892.
Christmas and a New Year without one or both being
Tom.
Tom.
TbKj.
Tom.
Tom.
Tom.
Stock beginning..
Perhaps some one
signalized by a spasm in money.
680,663
635,446
632,498
764.432
535,652 1,028,107
of period
S,7li9,710 4,187,667 3,601,487 138,297,280|36.860,364 32,789,966
Production
may suggest tliat the term of activity a year ago was
4,450,273 4,763,003 4,13S,085|39,051,67lJ37,396,0ie 33,816,073
Total supply
quite unimportant and did not come until after the
732,453
687,816
732,453
637,818
608,479
008,479]
Bt*k end of period
That is true, but the season was
first of January.
3,535,606138,319,218 38,768,170 33.207.591
Plaposed of
Allowing for the changes in tidewater stocks, it will so singular in that respect as to cause remark
be seen the amount of coal apparently disposed of in everywh.ere. The fact is we have a flurry at about
November 1892 was 407,337 tons less than in Novem- the same period of every twelve months very simiBut the same remark applies here as in the lar to that we have had this week, only in 1892
ber 1891.
more
case of production, namely that the amount last year it has come a little earlier and has been
severe.
An early development we ought all to have
was exceptionally large. As compared with 1890 there
for at a time when pessimistic views preis an increase of nearly 200,000 tons, and as compared expected
vail, growing out of that most disturbing of all causes,
with 1889 an increase of over 400,000 tons for the
month. For the year to date the quantity apparently an uncertainty in our standard of values, capital is so
Hence when
disposed of (interior stocks being of course disre- apprehensive as to take alarm quickly.
garded, since there is no information concerning them) gold began to go out in good round lots and that too just
in 1892 is 38,319,218 tons, against 36,758,170 tons in when we were nearing the usual time for active money,
1891, 33,207,594 tons in 1890, and 32,552,797 tons in it was no marvel at all that the active- money period
The same conditions too account
anticipated itself.
1889.
added severity.
for its
Bullion holdings of European banks.
But a critical friend says " the trouble was only preDecember 22, 1892.
December 24, 1891.
£an7£ of
cipitated by the banks discriminating against the
Gold.
SUvir.
roioi.
Bold.
saver.
Total.
industrials, and we do not think they ought to have
i
«
£
*
a
£
TJngin*id
84,669,024'
24,699 024 23,199,109
23 199 109 done so after encouraging operators to buy them by
68.178,809 61,010,611 119,219,420 63,827,000 50,322,000 104.140,000
France
Let us see how that is.
Germany*.... S2,697,7o0|10,899,250 43,697,000 34,677,750 11,669,260 46,237,000 loaning on them all summer."
Aust.-Hung'y 10,665,000, 16.821,0C0 27,376,000
6,483,00(1 16,662.000 22.125.000
Does our critic mean that the banks should never loan
Netherlands..
3,170,000 7,089,000 10,259,000
3,482,000 6,449.000
9.881,000
Mmt.Belglum«
3,066,333 1,632,867
4,598.000
2,789.333 1.394.667
4,181,000
on anything but prime securities ? If that is his idea,^
Spain
7.611,000 6,860,000 12,871,000
6,246,000 4,017,0D0 10,262.000
we might perhaps, as the editor of a conservative paper,
Tot. this week 149.846,913 92.642,531 242,489,444 129,633,192 90,403,917 220,087,109
And yet are there not two classes
Tot. prev.w't 1149.880.866 92.467.629 242.354,4861 131.078,384 90.090.750'221,169,13t
agree with him.
> The division (between gold and ell ver) given In oar table ot coin and
suffer materially if such a rule prevailed,
that would
buUlon In the Bank of Qermany and the Bank ot Belgium Is made from
borrowers ? Withthe best estimate we are able to obtain; In neither case Is It claimed to the stockholders and impecunious
be accurate, as those banks make no distinction in their weekly retnmp, out wishing to express any judgment on the action of
merely reporting the total gold and sUver, but we beUeve the dlvisiOD
bank officers as to whether or not there was this week
we make is a close approximation,
and
it
—
the corresponding
—
;
..
;
1
1
NoiB.—Wereoeivetheforegoingresults weeklybyoable, and while not
ot the date given at the head ot the column, they are the return f
iMued nearest to that date— that Is, the latest reported tlgnres.
All
The
to
following gives the week's movements of
and from the interior by the
f^Mk .BtWUng Oeeember
23, 1892.
New York
Beceiteibv
Shipped
N.T. Bonk.. W. F.
Currency
Gold
t>v
BartKM.
money
banks.
Net Int«rtOT
Blovemenl.
v....
13,949.000
920,000
«2.6as,000 aain.il,444,000
1,100,000 1/039.
480,000
Total gold and legal tenders
(4,669,000
t3,60li,000 Qaln.
1964,000
wrong use of power, it
seems to us that a person when he negotiates a loan and
has a second or third class security to offer is greatly to
blame if he does not consider the chances. Why does
any one prefer to buy such properties if not because
in individual cases a needless or
there
is
the possibility of a
much larger profit
?
And
if
the venture holds out the hope of a larger profit, does
not the larger profit necessarily involve larger risks ? If
that be true those risks are '^ust such as have beset that
niccun«BS4,
THE CHRONIOLK.
1898.J
and from whioh thoio Mouritioa have
Wo affirm no now or unfamiliar
doctrine when wo buj that in timo of diaorodit the i-oU
lateral first to bo thrown out is tho one about which
t^bo stability ia most in doubt.
That is ao not boctu^o
a bank officer so
wills it,
but beoanM of tho
nature of the article and the nature of ctpita).
Ou tho othor hand, when money is easy, and more particularly when it is a drug, as during the pait anmmor,
almost anything pasjes without scrutiny.
Still another critic thinks there is no cause for alarm
"that this whole affair was engineered by banks
and speculators." No doubt speculators always have
much to do in aggravating a crisis, yet no one needs to
be told that they would in this case have been powerless had not the conditions already referred to favored
cIh88 of touurities
sufTcrod this week.
—
their plans.
alarm
is
There certainly
to be felt only
^en
no need for alarm if
our currency has reached
is
the point of immediate collapse.
Those passengers on
under full headway approaching a
broken trestle would have no cause for alarm if they
knew that the engineer would stop in time to prevent
the wreck
but not knowing that, would their fear
wait until the leap into the chasm ? Just so is it now
with reference to our currency condition. There is
alarm, and there is cause for it; and it only reflects on
one's intelligence to deny that there is.
We are heedlessly rushing on in a course which if continued will in
the end (" the end " expressing that the date is uncerthat railroad
train
;
I03»
Wb»t don thM
p*j two hnndred mflliona of debt.
?
lion is « large country, much of it iin*«ttl«d
and unimproved, rich beyoml r"Mnp>r« in nmlevetoped
rraonroot.
Wo want railroads and tarnpii(i>« to get oar
stuff to market
we want to pnt mortgage* OQ
farms to buy farm tools and bnild cotton
gnnarioa and dwellings; we need monty for maohineiy
and for working capital to dig in and open np tb*
mountains and the valleys, which a'o so rich hs
metali, and to drawont of them the gold and the silver
and the load and the nppor and the iron whioh lie
buried there to-day; wo need to enlarge and to multiply
our manufacturing establishments in so many parts of
signify
;
tho land, industries nearly everywhere, and especiallj
our newer sections, wanting capital and langnisbing for the lack of it.
Indeed it may be aaid withont
exaggeration that America has everything the earth in
any part of the world contains or can produce, and it
in
has the energy, the ingenuity and the men able and
desiring to do the work required, ao that the only thing
it needs in a commercial way is capital.
Now,
in the face of this universal want Mr. Foster
the country that he docs not see what harm oar
people snffcr if instead of getting foreign capital
tells
year after year as in the pa?t, we lose two hundred
millions this year and hundreds of millions other years,
80 long as
it
goes to pay our foreign debts.
debts, remember, are contracted for loans
at
vary low rates of interest, and
if
made
These
to
us
we could continue
tain) be destructive of all values in this country.
That to have the use of that capital we could make in its
being an admitted fact, and it being a fact likewise employment many times the interest we are paying, jast
that all Europe is asserting daily that the change is as we have done heretofore, and so keep all our indusimminent, and acting on that belief by sending home tries active, all our p3ople employed, and rapidly
our securities for redemption, while furthermore even add to our accumulated wealth. Suppose that about
the Sonth American republics are illustrating their the time when our Western farmers were getting
sense of the danger which threatens by endorsing their their ground ready for planting this coming spring
drafts on our markets "no silver taken"
with such Washington officials should visit them and tell the
evidences of distrust all about us and in the very air, farmers that the way for them to secure large creps
and with the expedient that is producing it still in and make money in 1893 was to sell their seed
—
active operation, it would be marvelous indeed it alarm
was not easily excited and if credit did not partake of a
kind of morbid irritability.
Yet we are told from Washington that is to say
all the daily journals print the statement and so wo
—
accept the report as correct
of the
— that
Government have no
fear
the
financial
and think there
heads
is
no
cause for any.
Secretary Foster states (referring to the
gold exports) that "if it were not for the scare * •
"
would not be such a bad thing after all. The
" balance of trade is in our favor at the rate of $20,000,"000 a month and the gold will certainly find its way
" back here. * * We have nearly $600,000,000 in the
" United States. If $200,000,000 were to go out, it
" would result in the reduction of our public debt to
" that extent with the accompanying saving of interest
"on that amount. lamnotatall uneasy regarding the
" situation." Since Mr. Foster affirms that he ia not
" at all uneasy," while almost every one else in the
commercial world appears to be extremely " uneasy," it
behooves the Secretary to have substantial reasons for
Very fortunately he does not leave us
his singularity.
dark on this point very fortunately we say,
in the
becansc his views if sound are highly important at this
juncture, but if not sound are misleading and may be
so it becomes desirable to carefully
very harmful
scmtinize the opinion of so important an official.
By way of citing one source of special gratification the
Secretary tells us that it is not a bad thing to export
two hundred millions of gold; because in doing so we
it
—
;
grain, their mowers, their reapers, and ail their tools,
and pay the proceeds towards decreasing their mortgages would such advice be prudent or even sensible ?
—
And
yet
it
virtually
is
the
country's seed grain,
country's tools, the bases of our
represented and leaving us in
lions of
gold.
Is
it
the
industries, that are
these hundre<U of mil-
possible even in thi^ view for
any
one to watch this outflow and not feel "uneasy ?"
But this result the mere loss of capital occasioned
by gold exports has of course become of comparatively little importance when placed by the side of the
growing currency danger, of which these exports ar*
an evidence and a warning. The means the Secretary
takes to relieve himself of anxiety because of the
increased currency embarrassment are not new bnt
bold.
It will be noticed that he relies chiefly npon the
fact that the Mint Bureau reports, as he says, nearly
$600,000,000 of gold in the country, and hence
it is
that if $200,000,000 were exported this year
We cannot see
it would cause him no "uneasiness."
what this $600,000,000 has to do with the exports.
Even granting that it existed in the country— which is
questionable, as no one has ever b<en able to make a
satisfactory "guess" as to where nearly one- third of it is
the amount in the Treasury and the amount in the
New York banks, as everybody knowa, make up anbstantially the whole stock out of which withdrawals for
shipment must be taken. Let us assume that the
Treasury held last Saturday, over and above the 100
millions reserve, $24,000,000 of gold and that the New
—
—
—
THE CHRONICLE.
1060
York banks (according
to last Saturday's
Hence if
banks reported was gold and none
of specie 176,995,500.
all
of
report) held
THE VANDEBBILT STATEMENTS.
the "specie" the
it silver,
there was
in these two depositaries about 100 million dollars
all told
rvoL. Lv.
The statements of the Vanderbilt roads submitted
week may be said to reflect accurately the existing
this
situation.
Both the Lake Shore and the
be taken; or about, say, 200 millions if the whole currency Michigan Central have evidently done a larger business
reserve could be used up in the operation.
Those facts than ever before, and their gross earnings in showing a
not seem to be of a character to wholly free from substantial increase over those of the year preceding
do
"uneasiness" a finance oiScer whose duty it is to keep which had never previously been exceeded, afford
ample testimony to the fact. But the net results are
silver and gold in this country at a parity.
of gold available for export,
There
is still
if
every dollar of
it
could
another fact that the Secretary stales
He
as a source of his confidence.
says
that
"the
bal-
ance of trade
is in our favor at the rate of $30,000,000
a month, and the gold will certainly find its way back
To draw any
from our trade
more than
one month. It is true that in November, according to
the rei^ort made public by the Bureau of Statistics this
week, the merchandise balance in favor of the United
States was about 24^ million dollars.
Yet to apprecihere."
balance
it is
correct inference
essential to take the figures for
ate the relative importance
borne in mind
(1) that
of
that fact,
it
should be
November and D^couuber
usually
railroad
The additional business and revenue
have yielded no addition to the net earnings. On the
contrary, these net earnings record for each road a
small falling off.
It follows, therefore, as a matter of
course, that there has been no change in the dividends
of any of the roads, the Lake Shore declaring the regular 3 per cent semiannual, the Michigan Central 2 per
cent semi-annual with 1^ per cent extra, the same as
last year, and the Canada Southern 1^ per cent semiannual with one half jier cent extra.
The feature of heavy expenses has been noted in
previous years, but attracts renewed attention by
disappointing.
On the Lake Shore
twelve reason of its steady continuance.
and
this
year's
balance
in gross earnings in the late year increased $1,018,614,
(2) that
November was only half what it was in the but expenses increased still more, or $1,187,325 on
same month list year.
Even that statement the Michigan Central, with an increase of $637,000 in
Hence
fails to disclose the actual character of th's year's trade. gross earnings, expenses have risen $771,000.
The truth is our trade in the list half of 1892 has been on the two roads combined we find that a gain of
Tery unfavorable, the most unfavorable for many a $1,655,000 in gross receipts has been attended by an
year.
It is well known that oar new crops begin to be augmentation of nearly two million dollars in expenses
marketed in August and that the exports begin to be and consequently a diminution of nearly a third of a
Of course expenses
free in September, and continue large during the next million dollars in net earnings.
four or five months. This year, however, the three include heavy outlays for improvements, betterments
months frona July to September were exceptionally and additions in the Lake Shore case we are specificpoor, the merchandise balance for that three months ally told that $1,015,000 was spent in that way, but
standing 135,519,000 net against the United States. in the previous year the improvement outlays were
But assuming that all foreign indebtedness was settled reported even larger, and hence as between these two
down to the first of Saptember, the inquiry arises as to years that item can hardly be considered as explaining
the trade balance during the ordinarily good months the further enlargement of the operating cost.
For be
since that date.
The following presents the actual and it noted that expenses and taxes on the Lake Shore in
comparative situation for four years.
1892 (including the improvement expenditures) reached
1892.
1891.
70 47 per cent of the gross receipts, a ratio larger than
1390.
1S89.
Exports.—
in any other year since 1875
while for the Michigaa
Ssptembcr
62,903,4.85
82,S61,035 68,693,137
64,996,083
October
87,86J,10J 102,877,213 98,ii23,616 97,828,446 Central the percentage of expenses and taxes for 1893
November
97,721,545 110,103,537 88,988,647 93,713,826
If we go back to 1880
is as much as 75 '18 per cent.
the
afford
balance
best
of
the
whole
menths,
;
;
;
Total 3 motiths
48,495,131 293,834,805 256,010,430 256,538,355
Importd.—
September
October
79,123,7i52
Kovember
73,220,16J
72,933,108
61,534,737
63,836,259
61,893,537
75,939,742
72,530,279
61,218,073
53,685,848
68,749,155
58.994,734
Total 3 months.. 2.
'5,276,339 193,231, =..03 212,708,093 181,429,787
ISzceasUxporls
Stnontbs
S
$i
$
43,332,331
$
it is
seen that in the twelve years since then gross earn-
Lake Shore have risen from $18,749,461 to
$22,450,000 while net earnings have actually dropped
(in part we may presume, but only in part, as the result of the improvement expenditures) from $8,331,-
ings of the
356 to $6,030,000. That is to say, with an addition of
only 20 per cent to the total of gross earnings, the
total of expenses has risen nearly 5J million dollars,
The Michigan Central between
or over 50 per cent.
in 1891 and $i3,302,331 in 1890 and $75,108,568 in 1880 and 1892 has increased gross earnings from $13,1889.
That is to say, 1892 shows a much smaller net 791,428 to $15,800,000, but suffered a decrease in net
balance than either of the other years named. Further- earnings from $4,576,336 to $3,921,000.
more, it is a fact that we have not had so small a favThese facts have special interest in connection with
orable balance as in 1892 for the same three months of the analysis which we make in another article to-day
any year since specie payments ivere established. If of the capital expenditures of the Pennsylvania, and
23,213,792 102,603,362
73,103,568
Prom
the foregoing we see that the total net favorable b-alance for these three important months ot the
year was only $23,218,792 in 1892 against $102,003,362
there
is
any satisfaction
dition of our trade
But
it
is
we
to be
fail
drawn out
to discover
of that con-
the results therefrom.
They
afford further evidence
(besides that given in the article in question)
it.
extremely trying to follow remarks with
reference to so serious a situation which apparently
are made with so little regard to the facts.
need
We
Lot continue the discussion further, for it cannot be
l;;at such opinions will have any appreciable weight or
influence in delaying the repeal of tha law which is so
materially disturbing all industrial interests.
that the
experience of the Pennsylvania in showing smaller net
results than could be wished, is by no means excep-
an outcome of tUe prevailing
are obliged to do business at
nor can this dt^cline be
steadily declining rates
ascribed altogether, or even chiefly, to cut rates,
though in the late year deviations from agreed tariff
tional,
but
situation.
simply
The roads
;
I
w
Dbckmbbr
THE CHRONICLE.
34, 1802.]
An
schedules wore not sutirolj absent.
decliuo
in
rates
bearing on this
element in the
the intensity of competition, and
is
to bo
it is
remembered that roads
like
the Luke Shoro and the Michigan Central, running
between Buffalo and Chicago, haro not onlj rail competition to meet, but likewise
lOHl
1888 19,301,729 grosi oarningi yioMwl M.677,»<M u«(,
the sis months of 1802 $11,771,344 gro«« yiiidad
not quite so ronch net, or only 13,033,334.
LA*a siiuai,
for
Lake competition, which
t,m,ui
each jear becoming more aggressire, and is
QtM'ltf tmi>M Om> SltMkjmt
also each year being conducted under more fsrorable OfiwMralaM
Onr»U— iniwM *.
4JN3>a
conditions for rendering quick and cheap carriage.
N<rtmniia«>
latter
is
I3r«<n7
i.tMj9a 43«vn»
a.Mi4i« i;im.flt
I3064U t/UMMO tJMJHt 13«Mn UHt^ti
Hal/ yar rwUnq Ut*. 11work at redacod
Qtom—nttmi
Il.ni3«l tumum M34I3I0 W3*'3W •36I.TW
compensation, the pnblic is at the same time demand- opOTMiaawfaoMi*
SJW.IW r.itMtt rjtujm
ing increased accommodations and better serrioe, which
Wt Mmlim
tjmumt tjuuM ajtmmt *j>m,uu •jni0m
• Hot iBrt Mlm Una.
of course add to the cost of operating, and then too
In the case of the Michigan Central, d-Zd p«r cent
the labor cost is higher in many instances. Nor should
the fact be orerlooked that the increase in traffic is was earned on the stock in 1892, the dividends de-
While the roads are thus forced
chiefly
to
— those paying
the lower classes of freight
in
the poorest rates.
Fortunately the Vanderbilt roads, like the PennsylTania, hare through good
condition to
management been placed
earn fair returns for their
in
LAKB
an—
Ttar:
BamiHf.
<
ItTO
1871
1878
1878
.t
HICUiaAN SOUTIIBKN'S UCCOUE.
Oharti:
Taxet.
«
t
960
2.121.184
11839.698
6.880,409
1301,469
800
800
800
13.748.506
11.162.371
10.681.601
6,887,911
2,864.6a0
8 37
8 66
6 10
6.998,760
8,006498
2,810394
9.574.838
8.983.968
4,874,341
2.759.080
4,611.198
2,776.667
17 00003&
10 414 600
•
t
15.971.402
8.934.624
8,3^^968
2.764.988
18.740.4«1
10.418406
8,S31,36«
8.780.!r74
U88
17.971.801
11.878.429
2.728.876
18.22S.839
11.067.807
8,««2,9«2
7,167,832
I8.SlS.e6«
U.001.854
14.gt3.S84
9,188.622
7.611,802
6.710.062
1M»
14.183.S00
9.287.537
4346.969
8367,466
1888
1887
16.840.4Sr;
9.731.822
11.029.798
6427333
18.710.96S
7.681,166
8,718,078
8,649.646
USB
18.020.827
11,310.871
6,719386
8,806,891
1880
10.487.190
20.88S.7eO
12,847.461
6.639.746
14.220.481
8.816.279
3,428,489
8,344,736
21.431.387
14,882,878
22.460.000
15.620.000
6,798.711
8 880,000
3,369.251
3.360.UO0
un
17.148.131
14.434.10C
ISW
1W7
13.049.17!
1878
1879
1880
1881
18B«
laes
1884
13,079.78C
IBM
lan
IBM*
lS.S0t.l6C
8,902,006
2,718,792
8.488.801
3.027,000
802
887
3,498306
8
8,720.670
408
196
488
816
680
660
667
696
U
6 61
Optni(!lH
rtora.
4 OO
8 35
2 00
3 2S
800
800
800
800
800
400
8 60
6 00
800
4 00
500
600
800
6 00
8 OO
•Parti J estimated.
It is worth noting that there is a sharp distinction
between the character of the exhibits for the first and
second halves of 1892. In the first six months, under the
heavy freight movement from the crops of 1891, there
was a large increase in gross earnings and also some inIn the last six months, under
crease in net earnings.
the smaller crops of 1892, and comparison being with
heavy totals for last year, there was a falling off in both
In other words, in 1892 the whele gain
gross and net.
(Trt.
mm*
Samttift.
and Ttxn.
•
1878
1879
1880
1881
1881
1888
1184
1886
1886
1887
1888
1889
1890
1801
8;I78,611
S
•
•3*7.417
•
«.0«US4
•
1
13U4M
13M3U
7447381
Mn.iii
U.7VU88
8,8«.a91
U301.«61
-•304.448
18,467391
U.009,767
•368306
4378311
13«*44a
1.IM3B1
•,741,899
4388.188,
aAKAU
11,669,077
83»».1»
10,707384
8,014.803
8311346
•3«.7»l
83«301
M11.7M
U3W3W
8,40«,«7»
13n44^
tjmjm
10,410,796
^
MttMM.
Hmltlm.
iiiUM
134Mir
SJtUSl
t3M,na
•t3M
*
•tf yff
14,164,490
•376346
4380344
t3H380
18,770.623
10,8863a6
1,1«1,W
•3M468
1311317
137MM
14,490,nt
10,781,764
1,883317
18»1.7«7
S,7>8386
4.068391
t,s«.a«i
13,!88,926
16461380 11407369
16300.000
11379.000
MM3W
1.7M3U
13013M
t3M3n I3I1JM
t.401.0001
i3iMa»
PvtiT MUmatcd.
Pa<d.
1338397
9.779.800
coMBfiCED B4aiinioi or MicaiOAS cnrrau. avd cavaoa socrai
»*«•
of »100.
Ramtg.
604
880
896
867
681
724
UT4
ptr Slian
6,140,416
5,118,643
*
8.888.821
14.a08.44»
.
Flxni
Aanttno.
ana
IS.509.830
.
Oiiilddiili
Optratinv
In the calendar year
1891 the profit earned was G-56 per cent.
The foiloiring shows the yearly earnings back to 1878.
proprietors
even under the unfarorable conditions ruling. The
Lake Shore, while paying 6 per cent in 1893, earned
6"61 per cent, and this after contributing over a million dollars, as we have seen, for additions and improrcinents.
The policy of the Lake Shore in recent years
has been to provide all capital outlays out of earnings,
and nothing has been charged to construction or equipment account since 1883. The following furnishes a
comparison of the yearly results back to 1870.
gllORE
clared aggregating 5} per cent.
As
regards the Canada Southern, in order to pay the
3 per cent dividends (2^ percent regular and ^ extra),
the accumulated income is drawn on to the extent of
$22,000, the dividends calling for $450,000 and the
year's
income being $428,000.
Up
to the present time
Canada Southern and the Michigan Central have been divided on the basis of 33} per
cent to the former and 66| per cent to the latter company. Hereafter the Canada Southern is to have 40
per cent on the first million of net and 33} per cent
on any amount above a million. This addition to the
the joint earnings of the
company's share of the earnings is equal to nearly
one-half of one per cent per annum.
CAPITAL INCREASE OF AMERICAN AND
ENGLISH RAILWAYS.
Pnblic attention both in Europe and America has
been recently directed to the continued increase in the
capital account of the larger railways of the United
We propose
States, and some exception taken thereto.
do it chiefly through
to investigate that subject, and to
an examination of the Pennsylvania Riilrosd, as it is
the leading railway in this country, and now has stoek
outstanding to the amount of Dearly $127,000,000, together with a funded debt of some $77,000,000, making
;
in gross receipts was made in the first
account of about $204,000,000.
in 1891 more than the whole gain was made in the sec- a total capital
In 1881 the shares and bonds of the Pennsylvania
give a comparison of gross and net
ond half. Below we
$147,000,000, incladin|c
earnings for the September quarter and the December Railroad Company were about
collateral trust certificates, and
quarter, and for the two quarters combined, for five the ten millions of
share capital which had been used ia
The figures for the September quarter are those seven millions of
years.
the Philadelphia Wilmingfurnished to the State Railroad Commissioners at Al- the purchase ef the stock of
half of the year
bany, those for the December quarter (in 1892) are our
own compilation based on the company's present estimate for the year. Here, too, the increase in expenses
is
a striking feature, for while in the six months of
ton
&
The increase since then
made for betterments and
Baltimore Railroad.
represents the expenditure
improvements upon the lines of the Pennsylvania Railroad Company, and also for the promotion of branch
THE CHRONICLK
1062
and tributary
and the purchase and control of
[Vol. LV.
shown by the enormous increase in the
freight and passengers, but also exceptionally economical.
Between 1866 and 1891 the rewhich have elapsed since 1881 there has been an aver- ceipts per ton per mile on the Pennsylvania Railroad
age annual expenditure of between five and six millions Division have fallen from 22 8-10 mills to 6 5-100 mills.
of dollars for the purposes heretofore named.
This is This has been mainly due to the constant competition
so considerable a sum that it is not at all strange that which the railroads have had to meet from the transcriticism has been directed to the fact
first, that portation routes by canal, lake and river, and to the
while these large expenditures have been made, the construction of rival lines, largely for speculative purnet earnings of the company have not increased in the poses and through sections of country where the lines
same proportion; or, stated in another form, that these already existing were more than able to take care of
expenditures, which it is presumed have been made the traffic.
for the purpose of increasing the road's traffic and enThese two elements have no existence in England,
abling it to be carried more cheaply and effectively, for the reason that in that country the railways praclines
efficient, as
movement
the securities of such branches and tributaries.
It will therefore be seen that during the ten years
of
:
have not been reflected in a proportionate reduction of
the operating expenses
and second, that while the
investments in securities made by the Pennsylvania
Eailroad Company have increased from $80,000,000 in
1881 to about $114,000,000 in 1891, the income therefrom has not increased in the same proportion.
These suggestions are so natural that they warrant a
careful examination into the actual facts.
First, as to
the net earnings of the company, the figures show clearly
that while the gross and net earnings per passenger per
mile have varied but little in the ten years referred to,
the gross earnings on freight per ton per mile have
fallen from about 8 mills in 1881 to about 6 mills in
1891, being a reduction of about twenty-five per cent,
or on the mileage of the Pennsylvania Railroad division alone in 1891 an absolute reduction in revenue of
nearly ten millions of dollars.
The expenses seemed
to have reached an exceptionally low figure even in
1881, the cost per ton per mile on the Pennsylvania
Eailroad division then standing at 4f mills ; but we
find that in 1891 the cost per ton per mile had been
reduced to 3"94 mills, being a further reduction of
about ten per cent. It needs no argument to show
;
no large lakes and
country and forming a complete
tically coiftrol the canals, there are
rivers penetrating the
system of water transportation, and it is impossible to
build a new railroad except at very high cost or even
to obtain a charter except at enormous expense, and then
only after having thoroughly satisfied Parliament that
the existing railways do not properly provide for the
traffic
tributary to their lines.
It certainly is greatly to
the credit of American railway managers that in the face
which has reduced their
some cases to even one-third,
of competition
half,
and
in
rates
prevailing twenty years ago, they have
hold their
own and earn a
fair profit
to one-
of the figures
been able to
for
their
share-
This has been accomplished largely by increasing the capacity of the freight-car and the power
of the locomotive, and thus necessarily the load hauled
per train, and by putting the road-bed in superb condition so as to ensure economy in maintenance and repairs.
The fact that the average load per car has been
increased on many roads from nine to sixteen tons, and
the average load per train between sixty-six and
holders.
seventy-five per cent,
is
the best proof that the
man-
American railways have been watchful of
that with a constant decrease in rates it is not possible the interests of their shareholders, and have done
to reduce expenses in the same proportion and maintain everything in their power to earn a profit out of the
the safety and efficiency of a railway.
prevailing low rates upon the capital invested from
It
may
amount
be interesting,
of
Company
is
especially
the stock of the
as
a
very large
Pennsylvania Riilroad
held in England, to compare
its rates
and
agers of the
time to time.
As the impression seems
to prevail in
some quarters
that the expenditures for capital account upon the
Pennsylvania Railroad have been abnormally large, it
Those not familiar with the figures will perj may be well to compare them with those on the leading
haps be somewhat astonished to learn that on the lead- English railways of the same class. We find on invesing English roads the average rate per ton per mile is tigation that the London & Southwestern, which conabout two cents, or over three times as much as the trols 838 miles, has an outstanding capital of $165,average rates received on the Pennsylvania Railroad
000,000 that the Great Northern, which controls 839
and they will no doubt be still further surprised to miles, has a capital of $210,000,000 that the Lancalearn that while receiving rates three times those pre- shire & Yorkshire, with b%Z miles, has $235,000,000
vailing on the Pennsylvania Railroad the percentage that the Great Eastern, with 1,104 miles, has $225,of operating expenses on the English railways is not as 000,000
that the North Eastern, with 1,612 miles,
much below that existing on the leading American has $295,000,000 that the Great Western, which conrailways as might be supposed.
The official returns of trols 2,481 miles, has $380,000,000 that the Midland
the railroads of Great Britain for the year 1891 show Railroad, with 1,382 miles, has $470,000,000, and that
that the cost of operation in that year was fifty-five the London & North Western, with 1,890 miles, has a
per cent of the gross receipts, while the cost of oper- capital of $520,000,000, whereas the Pennsylvania
ating the Pennsylvania Railroad in that year was sixty- Railroad, with 2,573 miles in its immediate managefour per cent.
If the Pennsylvania Railroad Company ment, has but $204,000,000 of direct capital in the
had received the same rates per ton per mile that the shape of stock and bonds, of which about $57,000,000
English railways received, its percentage of operating represents investments in its western and other lines,
expenses would not have been twenty-five per cent of not included in the above mileage.
We find also that
its receipts.
The mere statement of this fact is proof the Pennsylvania Railroad Company has pursued the
that while from the existence of conditions in this gime conservative policy practiced by the leading
country which do not prevail in Great Britain the English railways in procuring the larger portion of its
compensation received for moving traffic has steadily capital from its shareholders rather than through
declined for a great many years past, the administra- loans, as in the eight Euglish railways to which we
tion of our railroads has not only been exceptionally hare referred the proportion received through the
cost per ton per mile with those of the leading English
railways.
;
;
;
;
;
;
;
Dkc-ehber H,
rni
1892.1
(
uRoNiciB.
8li If a 18 from two-thirda to threo-fourtba of
the entire amount, as against one-third to one-fourth
issue of
received through loans
And now
ns to the
and debenture
itock.
inrestments in secnritie*.
be seen from the facts already stated that
it
It will
had become
an absolute necessity in order to earn fair diridends for
the shareholders on the decreased proflt per ton per mile,
that the volume of the road's tonnage should be largely
and continuously increased. This of course could only
be done, Orst, by stimulating the trafRo of the country
already traversed by its main line, and, secondly, by
building such nenr branches and tributaries as would
develop new local territory and also secure for the
company
It
its
share of competitive business.
was in the construction of these branches and
tributaries that the investments in the securities held
by the company were largely made.
essary to assert that
It is hardly nec-
the roads constructed
through
these advances must carry traffic at the prevailing rates,
1068
the Erie elgbty-eevea p«r onU, Um touagt of lb*
Pennsylvania roui hM inoreaae<) Iftft per mat, or fnMi
twenty-six to over sixty-tiz miilious of tons, the aggregreat
that of any
one of its competitors, and about fifty par cent in ax*
gate in 1890 being four times
m
m
their entire tonnage.
As tha inoreaae in t<m
mileage has been only 116 per cent, it is dear that •
large portion of the increased bnsineM has bean doa to
the development of its local trafBo. The paaMngar
oeaa of
show a like increase, there being a gain
twenty-seven millions of pasMDgera on tha
Pennsylvania, and its volume of traffic being again in
exoeu of the aggregate of its three compotiton.
Pasting to an examination of the balance sheet of
statistics also
of over
the Pennsylvania Railroad,
it appears that the cost of
road bed. equipment and real estate stood at the end of
the year 1891 at about tt02,000,000 and the sacuritiaa
held by the company at about I1U,000,000,
making a
$216,000,000 of permanent assets. As against
and consequently while earning a fair interest upon these assets the capital »tock and permanent liabilitiea
their cost no one could expect them to show better re- of the company stood at about $206,000,000, leaving a
sults than the parent line.
But the truth is that the balance in favor of the company of about $10,000,000.
investments of the company in 1891 earned about 4^ The current assets footed up about $39,000,000, while
per cent as against 4 per cent in 1881.
the current liabilities stood at about $24,000,000, leav*
The fact that the annual income from these securi- ing a further balance of about $15,000,000 in favor of
ties stands at about 4 per cent, which is the rate at
the company; so that even if the snms advanced to
which the Pennsylvania Railroad Company borrows better the New Jersey lines (which furnish the New
money upon its bonds, and the additional fact that the York terminal to the Pennsylvania Railroad system
ton mileage of the company has increased from twenty- and the maintenance of which at the highest standard
six hundred millions in 1881 to about five thousand is vital to its prosperity) be thrown aside as of no valne^
millions in 1891, would seem to furnish the best evi- there is still a surplus of some $17,000,000 over and
dence that the investments have been wise and that the above all liabilities. As we have already stated, the
policy pursued has been the proper one for the interests securities held by the corporation earn an annnal intotal of
terest which seems to fully justify the cost at which
had not been pursued, as its they are carried in general account. In reference to
territory has constantly been invaded by other systems the road-bed, equipment and real
estate, having
which have penetrated into the coke and bituminous regard to the excellent condition of the same,
coal districts that furnish so large a portion of its traffic, there is no
reason to think that these are not
and also reached the large commercial and manufactur- carried at a most conservative estimate upon the
ing centres of Pennsylvania, the road would inevitably company's books probably being under rather than
have been deprived of a portion of the traffic thereto- over valued in the marshalling of the assets. Altogether
fore exclusively enjoyed by it, without the compensa- it must be evident to any one that the property haa
ting advantage of the new tonnage secured by the con- been ably and conservatively managed, and in this ia
And it typical of the wise administration which distingnithea
struction of these branches and tributaries.
needs but little figuring to show what the financial re- the trunk line properties generally.
sults would have been of carrying the tonnage of 1881
of the shareholders.
If the pjlicy referred to
—
at the rates of 1891.
Upon comparing the Pennsylvania Railroad with its
main trunk-line competitors, we find that the New
RIO
GRANDE WESTERX REPORT,
York
Central, which increased its mileage (chiefly by
the absorption of the West Shore) about forty per cent
in the ten years between 1880 and 1890, and its gross
Since the change in its gauge the Rio Grande Western has become an important link in the trans-Cont>>
earnings not quite twelve per cent, shows a decrease in
net earnings of over eighteen per cent, or more than
cumstance
$2,800,000.
The
Erie (not including
the
New York
nental routes to the Pacific, and as a result of that cirits through business has very decidedly in-
creased.
The
local business has
also been developed,
branch roads being an important aid in that direction, but in the late year the
the acquisition of certain
Pennsylvania & Ohio) which increased its mileage
three per cent and its gross earnings seventeen per company failed of the full realization of the bcnefita
cent, shows a gain in net results of only a little over expected in that way on account of dull trade in Utali
two per cent. The Baltimore & Ohio, which added and the fall in the price of silver, which materially r^
about tweuty two per cent to its mileage, shows thirty- stricted mining activity.
In the aimnal report, just submitted, Preaident
three percent gain in gross earnings, but a decrease of
For the same Palmer reviews the events and results of the year in a
results.
nearly seven per cent in net
Referring to mining in the Tinperiod the Pennsylvania Railroad, with an increased very interesting way.
mileage of thirty-three per cent, shows sixty per cent tic Range district, he states that instead of 80,000 tona
increase in gross earnings and over twenty-s^ven per of silver ore being produced in that district, as was the
cent, or four and one-half millions of dollars, in net case last year, it is not expected that the preaent calearnings.
On comparing the tonnage of these lines it endar year will show a yield of much over 30,000 tonfc
will be seen that while the tonnage of the New York High wages and the low price of silver are said to aoCentral has increased fifty-four per cent and that of oonnt ehiefly for the falling
off, as
those conditions
THE CHRONICLE.
1064
have led several of the large mines to stop work ; and
of course the decrease in the ore shipments also involved a decrease ia the shipments of supplies into that
Vice-President Dodge points out that several
district.
of the mines which have discontinued operations could
make a profit at present prices, but that the owners
prefer to stop producing until
more
definitely settled
and the
price
the
cost
of
silver is
of supplies
of the items of freight
which show a very
ing expansion
is
tons of that
commodity (making
strik-
sugar, the road having carried 38,031
it
the fifth largest
item of freight on the road) in the late year, against
only 8,078 tons in the year preceding. This sugar tonnage is said to have been carried chiefly from the Pacific,
but in connection Tsith the growth in that item of
refer to the fact that President Palmer
and freight we may
wages reduced.
It is worth noting that notwithstanding the reduced
shipments from the range in question, the ore traffic of
the Kio Grande Western in the late fiscal year aggregated 91,644 tons as against only 05,724 tons in the
And this no doubt reflects one
fiscal year preceding.
of the advantages which the road has derived from the
acquisition of the Tintic
One
[Vol. LV.
Kange Eailway, the increase
more noteworthy in
in that item of traffic being the
states that beet sugar
works have been established oh
the main line of the road at Lehi, 29 miles this side of
Salt Lake City, and that these indicate the possibility
developing that industry in Utah on large scale,
" opening a new opportunity and market for the
" farmers, and giving lirge local tonnage in coal and
"other supplies over the railway."
of
Besides the depression in the mining industry, a fac-
which operated against the best results in the late
view of the fact that the bituminous coal tonnage in year was the cutting of rates which prevailed, espec1892 was only 178,243 tons against 225,325 tons in ially during the last six months and which now, accord1891, the lumber and wood traffic 35,583 tons against ing to General Palmer, is worse than for many years.
40,428 tons, and cement, brick and lime 10,180 tons The Western Traffic Association, ho says, like the
against 18,320 tons, the decrease in these classes of " Presidents' Agreement" which preceded it, by opertonnage emphasizing the depression which prevailed.
ating only as a restraint upon lines scrupulous to
The Tintic Range road, for the forty miles from keep such engagements, proved to be the opportunity
tor
General Palmer makes a strong
of their competitors.
January 1892, and it is gratifying to fiod that in the argument in favor of allowing the roads to enter into
six months to June 30 the business of that portion of " pooling" arrangements and we refer to his remarks
the road, notwithstanding, the unfavorable mining con- on that point more at length in our article on the
The road realditions prevailing, yielded approximately $43,693 net to Financial Situation on another page.
As the property was ac- ized an average of 1'71 cents per ton of freight
the Eio Grande Western.
quired without any increase in fixed or preferred stock per mile in the late year, as against 1-95 cents per ton
charges (having been bought with an issue of common per mile in the year preceding; only a part of this destock), this $43,693 represents an absolute addition to cline, however, can be attributed to the cutting of rates,
net earnings in that amount and for only half a year. since the increase in the proportion of through freight
The Sevier Railway, running through an agricultural carried and the diminution in the amount of local
country and 26 miles long, is another acquisition which freight would of itself serve to cause a decline in the
has returned very profitable results. That road was average rate received. Net results w(re also aCEected
operated the whole twelve months, and the Auditor by the inclusion in expenses of exceptionally heavy outThe
estimates that approximately the net revenue accruing lays for maintenance of road and structures.
The property was paid track and road bed, the report says, have been greatly
for that period was $39,959.
for with $346,100 preferred stock, and deducting five improved during the year, and with the expenditure of
per cent dividends on such issue of that stock there is a few thousand dollars in ballasting during the current
left a profit of $22,654.
year, the road, it is stated, will be second to none west
.
All of the equipment, we are
the entire tonnage of the Rio Grande of the Missouri River.
Taking
Western, there has been an increase from 569,209 tons a^so told, is of the latest improved styles, " the beet
Analysis shows that that could be procured," and has been kept in good
in 1891 to 032,288 tons in 1892.
Springville to Eureka, has been operated since the 1st
of
—
the increase has come entirely from the through
traffic
and the business carried into and out of Utah. The
strictly local toanag^, for the reasons already mentioned,
The tonnage to
fell off from 393,454 to 309,942 tons.
and from Utah increased from 116,552 tons to 150,405
tons, and the through tonnage from 59,203 to 111,941
tons.
The gain
in this latter item
came almost
gether from the trans-Continental business.
alto-
It will
be observed that the increase is almost 100 per cent (in
the trans-Continental business it is over 100 per cent);
Vice-President Dodge states that this does not indicate
that the aggregate
amount
of such business over the
various through routes has been larger, but simply that
the Eio Grande Western hauled a larger proportion of
the amount than heretofore.
In passengers there was
an increase even in the local traffic, 195,879 such local
passengers having been carried in 1892 against only
154,972 in 1891, which goes to prove that the falling oil
in local freight must have been due to some special
cause such as that mentioned.
In through passengers
there was an increase from 54,018 to 60,160, but in the
number
—from
to
and from points in Utah a
20,613 to 19,805.
trifling falling off
condition and repair.
While these various circumstances have operated to
the exhibit less favorable than it otherwise would
make
have been, yet gross earnings at $3,043,924 for 1892
compare with only $2,346,130 for 1891, and net earnIn 1890 the
ings at $975,589 compare with $896,053.
gross had been only $1,622,234 and the net but $516,Out of the $975,589 net for 1892, $644,139 was
716.
paid for charges, which left the profit for the stock
$331,450. The 5 per cent dividends paid on the preferred shares called for $312,399, and hence there was
a surplus of $19,051 on the operations of the twelve
months over and above all charges and the dividends
on the preferred stock. Gen. Palmer states that had
there been only the same outlay for maintenance of
road and structures as in the previous year, the surplus
would have been as much as $104,000.
The balance sheet shows a small floating debt—
$400,000 of
bills
payable.
A
statement
is
furnished
which indicates that this represents expenditures for
additions and improvements in excess of the capital
provided by the issue of stock and bonds. The company has $3,000,000 of 1st mortgage bonds in its treas-
..
.
.
.
DBOKKBIR
—
—
.
.
.
THE >GHB«NiCLB.
34, lb93.]
10«5
it was not thou(;lit nofYMr'iii-y to draw on thai
From Hay 17 to 21 Inrhidr* Ihn (t'x-k* rlr
Counting tiie bilU ]>ityHble, interest aocrued and oago Mllwaukoe A He. I'^ni. r.-xtt^f ill'- 4 N-Mti
ury, but
fuiul.
.
other current
the totul of all current liabilities
item.",
Juno 30 1892 was
com*
tl, 127,421, against wliich the
PaolUo pr*f. acMl i'
Atcblaon, Chicago
Union t'aciflc wvre u
na^.
liofB
Ua tU
y.^Boek
I'.
'' t<i tun mt. On 3ntM 4, Chloa«
Om. Miismirt Pacillo. New York Uk« Krl* ft WartmMl
Mkw York & New KngUnd were addMl;"" '>><.. i*, 0«to«W«
i
pany held <<J32,180 of cnsli assets (including t24('>,231
materials nnd supplies on hand) and the two million (iBckawanivk A \V«Mi>>rn, AoMrteai H
WMtorn Union w<>rv otldod. OaMept,3>
dollars bonds already mentioned, showing an rxcets of Feeding wm added.
The company
assets of $1,804,750.
to
Mkw York fn
Co!»niTioj« or Natiomm, r
PHtt.ADKI.PIllA, Al.»*«IV A!tn
'
etock.
IMPORTS AND EXPORTS OP QOLD
SILVER AT SAN FRANCISCO.
A
i»
— Wr.
A
t><\rti the n-sui'
for purpoaes of
are given
KItW
I
-)
:
YORK
/V'
rITT.
48
are given Iwlow, tosf-tlicr with the ilguroa for preceding
tU»nurtfM~
l,Oftn«
months of the calendar year 1S92. ImiMirts reached an ag- 8tu«ka.ftO'l tllHcoiuiia. Inelod'c orwdrftfULlMLIfATO.'.
bnn<l».A<MMf.TSl
bank* iui(l banker*
4flJS4,fV7
gregate of $1,010,030 in November, the amount of gold n-- l>a« fromhuu^*. fiimttar« %nd Sxturv*
I1,4I0,7M
Bankliuc
eituit* and mort«a««fown«4l...
9 mm*-**
ceived being $l.*04,3i9 almost wholly from Australia and Oilier r«ftl and eaniacMW
•n,791J»>
(Md eolo
4,Mi>ai
9886,627 sdver tiom Mexico, Central America, &c. There has Mlvar coin and OTftiaoatM
tl,it7.«e7
LaaalMndnriioUaaiUleait'taordaiMMlu
I,4«7J>«
been reciived dbiing the eleven months a total of $4,033,181 mib of othar bank*
OPABLOOO
giohansm for Claartnc-Tlon^
l,n^.74S
arroDl elponsea anil taxes paid
gold and $2,727,075 iiilver, which compares with $7,877,1^0
Mas^
PremlQam on U. 8. boada
S,AI7,8SI
gold and $2,815,780 silver fi>r 1801. The shipmenU of gold Otber ratourcaa.
duriog Novenibjr were $3S,&81 coin and $380 bullion, all going
ToUl
iu»,o«i,au
j.(iir.iari/ji'
to Honolulu, China. &c. Tl<e exports of silver have been
< paid in
ttO.fSO.IMa
ui.ieo.8.0
indlTldadimeia
B'or the eleven months the ex$1,38.1,0(50 to China, Jai>an, &c.
ft.aMk,tn
iilataodlfuc
tC^.tlM
lrvi.l*>Ti>|., unpaid.
ports of gold have been $723,051, against $1,2^8,870 in IndlTldnal depoalu
iei.l4&.tio
„
dapoalU
<M».1(U
1891 and $11,898,791 silver has been sent out, against $0,865,- Otber banks and bankan.
t8e,aee,"ao
One to
Otber llablllUaa....
431 in 1891. The exhibit for November and the eleven months
as follows
—
GOLD.
t)rr. 9.
PHILADELPHIA.
8II.VKR.
1
vol.
«i
U»nm and dlaconacs. InelndUui ovardra(ta.|l
US.
CW».
\R»Uim
$
»
Oom.
Total.
BuUion,
TOUM.
1
«
1
20,101
9rt,ftb7
2'J,505
114,317!
5fi,313
8h,;"iM
54.076
22,193
110,58!>'
April
110,744
4(1,674
Say
9:t,7!<7
•2St,87l
123,6.-,^
54,752
22,1981
133,9 l.-S
t:5,i2:Ji
61,79'
f
214,173
19,029
27,763
19,087
March
June
iii,7f:
July
3t5,«7H|
a:i.04gl
2.-.::;3
.
. .
Tut.
1
1
217.479
219,362
206,«53|
172,81(1
165,»24
25,418
46,783
59,126
161.882
71,511
35,301
September Ota.yisl ^9, -a? l,03i,242
October
1.467,309, 42,141 1,509,75(1
Noveinher. 1,5B1,I!j7| 42,^23 l,8iM,309
Auira»t..
163,8.').'>
179,92.'>
229,403
160,164
282.116
«
234,098
245.242
23«,449
253,327
221.
Mi
165.S24
189.273
226,708
288,529
3J2.03B
336,627
,^35.921 '2,191,754 2,727,675
mof l.5«S,87« 364.305 4,<>33,18I
BXPOBTS OF QOLD AND SILVER PROJt SAN FBAXCISCO.
SILVER.
BuU'n
Coin.
9
February..
March
4<,.542
April
Jnue
31,642
6,823
12,340
July
14„'>08
AUXOBt
September
October
88.862
May
13!>,S7!>
1
mo»
670
902
117,215
65,»8l
. .
Noviiubcr.
Tot. 1
22
280
140
246,117
301,263
43,.542
S'-'.OIO
from reserro
ajrentt
—
48.3,-267
9
193,000
46,00u|
106,560!
47,50O
178,200
219,700
265,90
379,600
690,150
329,6 <0
248.800
405,224
34,664
334,905
6,823
12,340 1,611,977
623,717
14,506
89,-^32
820,324
140,781 1,270,503
147,3^<3 2,061,647
06,161 1,135,860
BanklaK hou4e. fumltare and ftjctarea.
Other real estate and morttfatfe* owoaJ
IK>M coin anil (nnlflcstea
Sllrrr ci>ln and certlOoatca
l.«iial tender notae and eerttS'i of dapoalt.
Bills of otbar banka
Kicbanoaa for < learlna-Honae
(^irrenc expenasa and taxas paUL.
Proiolumaon U. 8. booda
Otber raaoarosa-.
1
439.117
347,263
689,787
452,724
513,105
1,830.677
889,617
1,199,924
1.860.653
2.391.287
1 ,3^04,66
-S/mrrt.lmlh
Cteand.
—
Balaneet, one tide.
.
4.731.(100
l«.«!>t.000
Shtttt
Shan*. YtUkuSharee. 0-uk.Cltar'd.
*
JTeniA—
JUT..
Jaae..
aiilea.
Total Valtit.
250.200.000
22.W>>.«IO
-"'
«IS.0OO
1.0ll.l>«),2iH)
1,UIS.7S0
Bl.f,."'
DlTliienile
1.1
B!7.ft(«.000
l.'SiHOO
l.«ii*.irj0.0))
l,;ii8 73;i.Oi»l
i.OS->»Vi
i.Sth»
10
l«g.rt'--z.i««)
Sto<*Jl.«.
1,113.8 «>.<>JU
1,8J1.»«0
12»,(I7S,0(K|
Dec. 12. .1,809,700 i:'" "1"
" 13.. 1,036.000
'•
14.. 9U,0.iO
" 15.. 857,000 .J. J
O',o.u
,
,
.'
" 16.. 1,473.600 107,«00,«>00
lV>t,wk. 6,090,300 446.900,000
Dec
••
19. .2,114,000 178,500,000
20..1,907.")00 1 J-.7iin.n(K)
"
21..1,503,-.;<H)
•'
"
22.. H76,.10O
23. .1,060,600
'
.
Xot.wk..7,402,lUO 521,100,000
.
708,450 53,000,000 592,709
1,022
193,100 13,400,000 210,600
2J0,300 13,9UU,0(H> 215..*>UO
12.^,400
8.9J0.000 1 <4,70<<
B7,9UO 7,100,000 66,70O
107,800 7,4uO,000 77,400
348
834
308
309
317
721,500 50,600,000 739,900
1.610
OlN'Vl
Hid nxtares....
ownaJ.
««>lt
.
790.8M
S.»,7JJ
iiad c«rt*fs of deposit.
.jHriiur-Hoiua
Fruiuiuiu* on V. Skboada....
Other re*our«aa
^
;...
i
SKI.OIT
«3.«)7
««I,4I5
••.it*
fOI7i
!c<n,e7t
^
Z2.SI0
1 1,0110
ttiMI
8UI0
ft«.iiex.M7 |U.C«S,T:8
$i.'«KOOI>
Surplus and antllTlded proatt
ClrcalaUon onlatatidlnit
IMTidands unpaid
l,M7.tlS
IndlTldual deposlu
»,»;o,iMT
(70.0M
*Mo
Otber deposlu
Daa to bulks and banken
tl,U0.00O
t.ian,US
eiH^M
\ajmi
M70.M>
4'M»l
40.(<l)0
4,71v,*«4
tiiflK>».i7
_
Total
t.7M.t(M
HMHiitTTS
tii.i.:o.(ie
l«.IIW«
|£.ei*.4oi
7
MII.WAUKl
Noml)..r
l*.
m
.
Ac
«7,nii.ira
O
14
i.j:s.i(u
xa7l.ini
I.i»2.«tl0
1..1UI
reserra aiianta
rom tuttkj ana bookar*.
:ia bonsa. famltura and ftxtaraa
»:i.>i7
bc.oij
.
Mtata and mansacea oimad
l.AlV.lfW
oarttao*t»a
nal*aande,-itir*oldap
sit.
L«S4
wtV.&vi
.»JM''
3««.ni7
4«.4'»
t*a,4ta
Kichinaen for I'Isarlnc-Hoasa
.»4«
tM4<
aSMi
<
I
,
•UM*
ias,nk
tt4J»l
Md
Current expan sas and t *xas paU
l*r«mldm« on V. 9. bondJu
Other
Total
I/liiMU inCapital slock pild In
Harplas and umliTtUtKl t>
Orv-nlatlon rutatandln^
IndiTtdoal dapoalta
utberdapoalta
'.-
.
id oertlOcataa
r
3!I5
ISBU
S
•;1<')*tp«.".'., ..!.!.!
1
307
»lM,Tr:«'l
/ve. i.
l-tfi.
8n.uii
.Ill
317
31H
t2.4.Ml»aT
1 •.'>
1
.
liM,.«»
8')I127 |IT3.'<30.»41
OTerJrafla
incl.
^ifaces
reii
207,200 k;
242.J'
88,lo>
127,400
6-,300
113,900
42,2iK>
95,750
164,200 12.l0ii,00tJ 155,900
aM3ei««s
iTs.re
S0.7»«,«-»»
TV .1
1 80 J.
«
-
1
:!oo.(i(i
M.7>»
oe.«ae« o
b,,nds, .tc
1,«1
ii'i >
s,«fR,iia
39,111
Ilup (rorn rM]H'rT..arf..nl«
!>-' ^.•' '••\Hvn
I'T'-"
I.;.-.
in,.^iB,3lM
•tt.MIA»
l«.»«4^t
tW*.
tummrct*—
I/}nn.i and dlscoanti.
V»."
HoTemb'r
|lM,t;7;in
I7i,'i01
Number
107...-
las-i/.-oo
'""
2O.7«1.3O0
0,»l«
|22.4«S.00O
M,iUoi;ii
Total
ZO 100
tii»i>.:ii:i 2'>.>
l».;i»«.480
414,413
l,aR>,&M
TXA 6
M.M>.S-l
unpild
IndlTldual deposlta
OtDer depoalta
Dua to ttanka and banker*.
Other Ilabilltla3
'
Dapt
Octob«r
avS^ltS
tM.903
1Q,4(KV9S
(^roDlatlon out^tan.ilns
••'
Aaaust...
Jalr...
6,Mt).l't
t?a,7(M
|S1.4S-'.OiO
>anta,liu)lndittCOVardfmna
1
.
tVttjeatjm |i7»J»
-
Capital stock paid In
aubjolned statement; includes the transactions of the Stock
Exchange Cieariog-House from Dec. 12 down to and including Friday, Dec. 23 ; also the aggregates for May (from 17th to
81st), June, July, August, September, October and Novemb -r,
TOCK KXCUAMUK CLBABISO HO08B TRAHSAOnoMS,
337.l)0t
8,704.190
Total
ToUl
LlaoUUta-
Stock Exchanoe Clearinq- House Tra.vsactios-s.—The
3.US.<t'l
0.a6i.lM
3,lUJ>>t
X-inbilUWCa'.>ilaUt<ick paid In
9orplu.i and ondlTided proats
AI.BAKY.
733,051 19,294,804 2.603,990 ll,t<98.794
721,0371 2,014
llae
T^tak
*
9
85,307
82,010
85,307
.
BulUoH.
Coin.
Total.
9
1892.
January
Ac...
etooka, bonila,
One fnim banka and bankan.
9
7«.45K
91.8li
February.
t.»<t.l»
f/«TJM
|S87.0tl.SM
Total
OF UOLD ANU3ILVER AT S\X FBANCISCO.
Muratier....
innj.
January...
l>77A»l
M.7tlU74
:
IMeOltTi*
1I.>N
J,
i~v.
Nu-nlxr
—
P M-
YD
The detiiU of imports and exports of gold and silver
through tbo [>ort of Sao Francisco for November have boen
received this week from the Collector of Customs, and they
is
a^
also has the right
an additional 1} million dollars of preferred
iijsue
irtma
'i^ACatti*
«k.llt
«>i«»l
•ts.muKt
«io.aJUi(
rnauiM
.
.
;!B.4W
I It.' 00
.
t.*txtn
Hue to bank I ant bankara
othar
Itablbttaa.
ToUl
iMiWMit
e v.«uji:«
turtJlM
.
1
1
.
THE CHKONICLE.
106<3
[Vol. LV,
IMPORTS AND EXPORTS FOR NOVEMBER.
[From our own correspondent.
The Bureau of Statistics has issued its detailed statement of
the foreign commerce of the country for tlie month of November 1892 and 1891, and for the five and eleven months ending
November 30 1893 and 1891, as follows
:
seems
Short loans have been made for a
Both the country banks and the Continental banks are competing actively for bills, and as trade is
falling off and speculation stagnant, bankers and brokers declare that it ^is impossible to keep up the value of money.
Meanwhile the Bank of England is doing nothing. The danger is that in this state of things the withdrawals of gold will
become so large that by and by the market will be disturbed.
There is an under-current of uneasiness, owing to the silver
crisis and the knowledge that nearly all governments aie
trying to obtain gold here. For a while it was thought that a
large amount of the metal would be received from New York;
but now the impression is growing that the silver purchase
act of 1890 will be repealed, and that if necessary the United
States Government will borrow gold, and that instead of receiving the metal from New York much of it may be taken.
The Austro-Hungaiian Government is watching for an opportunity to borrow 20 millions sterling, Germany and France
will have to borrow, Spain will borrow if she can, and Ru8sia is always taking the metal.
The withdrawal of Mr. Alfred Rothschild's proposal and the
failure of the American delegates to put forward any plan but
universal bimetalism, which is admitted on all hands to be
impossible, have convinced every one here that the Brussels
Conference will break up without doing anything. Then it is
expected both from statements by the American delegates at
the Conference and from Mr. Foster's report that the Silver
Purchase act of 1890 will, as already stated, be repealed.
There is, in consequence, some anxiety felt here. Silver fell
J^d. per ounce on Wednesday to 383^d., and it is only too
probable that it will go much lower, though yesterday it recovered to 38J'gd per ounce. Every one is asking what will
the Indian Government do under the circumstances? It is
known that the majority of Lord Herschell's Committe is in
MESCIIAKDISE.
week
Forlhell
For the o
For the
month of \months ended months ended
Nov, 30.
Nov. 30.
yo»ember.
i
1892.—Exporta-Doaiestic... $96,370,010 $366,007,134 $837,040,212
Foreign
5,736,437
13,856,312
1,351.535;
$97,721, 545 $371,743,571 $850,^96,524
374,019,001 805,746,542
73,220,1 69;
,
Total
Imports
Excess of exports overimports $24,501,376
Exceasof importeoverexporta'
$45,149,982
$2,275,430
.$109169414 $426,152,80'; $838,757,425
1891.—Exports—Domestic.
934.123
Foreign.
5,066,49i
_ 1 1,816,32 5
$110103537 $431,189,299 $830,573,750
Total
64.890.507 326,22e,898 758,872.920
Imports
Exoessof exports over imports $45,213,030 $104,962,401 $91,700,830
Excess of imports overexports
OOI.D ADD SILVER—COIN AND BULLION.
1892.— Exports— Gold— Dom
$21,470,779( $57,550,095
612,400
6,093.231
$22,083.179J $63,652,329
$3,554,504! $1.0,373,210
8,8 54,616|
13,820,196
$17,409,126 $32,199 406
$39,492,299 $95,851,735
$7,874,800 $15,910,408
19,901,723
11.798,152
$19,670,952 "$35,812,131
$19,821,347 $60,039,604
$1,123,647
15,000
.
Foreign
Total
$1,138,64;
$3,103,640'
Silver— Domestic
Foreign
Total
Total exports
Imports— Gold
_1J3C,346'
$4,833,9861
*5,972,633
$2,577,212
Silver
2,721,214,
Total
Excess of exports over imports
Excess of imports over exports
$5,298,426
$674,207i
1891. -Exports--Gold—Dom..
Foreign
$373,778
8, 171
$381,949
$1,814,478
2,795,235
$4,609,713
Total.
Silver-
.I
Domestic
'
Foreign
Total
Total exports
;
Imports—Gold
!
Silver.
Total
Excess of exports over imports
E xcess of imports over exports
$6,978
1.393
.$8,371
$5,768
9,4 17
$15,185
$1,991, GG2[ $23,556
$8.871,7 1 7| $35,644,
2,198,519
9.76!-,
$11,070,236 $45,413,
$6,078,574! $ 21,856,
TOTAL MERCHANDISE AND COIN AND BULLION.
1892.— Exports- -Domestic. .. $100597297 $396.032, tl7:$912.972,517
..I
.
like
going lower.
at 1 per cent.
favor of a gold standard for India while scientific opinion
heie is decidedly against that project. Whether the Secretary
of State will venture to act upon the Committee's report,
assuming that it recommends a gold standard, nobody knows.
15,203,453
33,775,742
Total
;$103694178 $411,235,870 946,748,259
Imports
78.518,59 5 393.689,953 841,558,673
Excess of exports over imports $25,175,683 $17,515^17 $105,189,586
Excess of imports over exports
Foreign.
]
London, Saturday, December 10, 189?.
The rate of discount in the open market has fallen over J^
per cent during the week. It is now barely 1}% per cent and
»,096,881i
I
the matter is brought before the House of Commons, it is
almost certain that the vote will be for doing nothing for the
If
1891.— Exports— Domestic
$11 1357670, $438,869,571 $926,885,591
Foreign
3,737,52 9
15,876,6521
27,378,093
Total
$115('»5109 f454,7ie 23'$954,263,0S1
Imports
7.'^,960,743 371.640,75 4 813,936,275
Excess of exports over imports $39,134,456' $83,103,469 $140,327,409
Excess of imports over exports
present, at
all
events.
The uncertainty about silver has depressed the stock
markets. On Wednesday there was a sharp fall in rupee
paper and all other silver secuiities. There has been a slight
recovery since. The American department is quite neglected
the public is holding altogether aloof and the leading operat-
IMPORTS AND BXPORTS BV PRINCIPAL C03IOMS DISTRICTS.
;
OUBTOUg
Dig.
rBICTS AND
Ports.
November, 18M.
November
Imporli.
Saltlmore.Md
Bast.
k.
ExpOTtt.
t
»
I
1892.
BnuiBwick.Qa
•lAtloCk.N.V
Ckampl'n.N.T
Cbarlest'n, 8.C
Ckloago.Ill.
Glnolnnatl. Da
0)rpuaChrUti
Detroit, Mich.
Daluth.Mlnn.
QalTMt'n.Tei
Huron, Mich..
Hllw'kee,Wi>.
MlDQ's'a.MlnD
Mobile, Ala...
Orl'ns.Iia
Newp't News
WewYork.N.y
Miagara.N.T..
»rorf'k,Va..4c.
Oregon. Ores..
Ofwega'le.lTY
Oswego. N.T..
Veosacola. Fla
Phlladera, Pa.
Fortld.&c.Me.
PngetS'd.'Wa.
&lchm'Dd. Va.
4t.Loals,Moa.
San Fran., Gal
Savannah, Qa.
Vermont, Vt.
Wlllamette.Oi
•Wllmrgn, N.C.
Totals,
clodlng
at once,
1881.
t
935,91'
5.513,60)
12.809,371
17,891,973
83.668,697
70,682,117
e.8 16.274
,901.439
,581.790
70.045,,2 9
65.659.
80,188,142
4.633.281
529.360
2.114.111
10.385.026
2,986.370
71,887,115
5,010,002
621,915
2,131,217
18,711,948
8,922.901
1,077
558,701
688,612
79,101
ts.ioo
178,939
U,,380
3,968.,0S6
3.737,,891
,2.37.071
24.083
143.b73
247,338
15,286,,383
2.113..849
81-7.991
1.
3.915.
3.542.
1.081.
12.575,
1,751.
2,123,
2,658.
108,
3. .«i71
'2.
1,782,6W
302,121,
239,135
28,3t3:
305.330
93.188
91,943
00,410
l,227,9il
6,169
18.298.111
285,288
17.341
826
225.344
444,242
12,388
3.747.591
32.41-6
91.627!
1.8.3
338.983
1,166.783
55.979
423.113
79,3581
4.5321
5.V29.|i83
182
3.866,120
2,923.,102
5.445.325
5,922,471
465.,1,69
^.^35.37^
2,079,073
8, 33H.873'
841.,06(5
•574, 8001 27.912,497
29.384.753
488,560
2,836,,0C6
2.S28. 149
7,765,391
8.981.697
821,,81 1:
809.MOO
118
41.000
1,112,,1111
917..216
283.507
152.261
821.217
255.,785
82.,788
2.357.188
2,137,548
,476,330 20,701,,233 19,930.,338 96.871,259 96,403.183
,160,0i!3l
130.,838,
116.,278 10,527.533 12.402.688
,478.750, 621,799.,762 175.827,,83-1 344.791,825 313.545.364
blS,632:
2.756,.381
2,851',,999
blC8,201
b 95.618
,151.917
36,,885
38,,717
7,448,296 12.552.399
59,51-1
12<,,138
103.,384
879,635
1,095,827
,43'
80.795
1,649,
1,710.,146
1.278,897
1,889.326
It 2,99
7,813,,049
2,122,,012
1,917,811
1,511,697
518.988
-8,,796
117.,290
3,360,711
2,050,660
468.304 68,941,,781 58,033.,605 68,158,264 38,035,786
t(2.452
766.,982
,230
687,
1,816,533
2,179.565
744,213
680.,236
530, 622
1,179,873
6,666,051
736,029
55 ,C1U
2«,,2.0
2,868,600
6,321,177
2,805..68f
2,813. 319
.842,696 11.984 85S 19.100,,853 29.941,506 43.579.'2b0
,99t,Ii04
223,,012
409..539 18,193,826 21.700,838
B71,5;,2
1.902.,ul2
4.811;,,502
5.837,018
3.090,191
781.860
1,232.,536
1.247,.721
5.659.995
5,ll75.6-i9
116 ,001
,611,844
1,313
119,
5,363,132
5,751,511
3,82i>,
3B8.825
42.b3t)
-
(Inall
oth'r Plats.) r8,8t0,169 97.781.516 g05.748.5l2
gwniilnin g In warehouse
[
f
58,872,920 850.696.521 850,573,750
November 30,1891
Rema nin g in warehouse November 30, 1892
$27,166,178
$32,039 ,495
a Interior ports to wbicli merchiadise oaa be traajpjtel without
appraisement, under act of June 10, 1880.
ft Incomplete. In the
absence of statistics of exports to adjacent foreign teirltory by railroad cars and other land vehicles.
i
ors are afraid to incur
11 rnontJu ending,
Nove7nb€r 30.
30.
Char.
lMt*wn,Ma8s
New
11 numthtt ending
it is
new
risks.
If
the act of 1890
hoped here that confidence
is
repealed
will be restored.
If,
on the other hand, the present Congress refuses to repeal it, the
fear is that distrust may increase in the United Slates and
that there may be a heavy fall in stocks. Here at home trade
is still declining.
The agricultural depression is obvious, both
land owners and farmers having suffered heavy losseSj
On the other hand, there has been a recovery in South
American securities. Last week they all gave way on the
report of the Argentine Finance Minister on the debt. On
Thursday it was reported telegraphically from Buenos Ayres
that the new President dissents from the report, and that
probably Dr. Romero will have to resign. In the Budget just
introduced, moreover, provision is made for paying in cash
the interest both upon the 5 per cents of 1886 and upon the
Funding Loan. The resignation of the Conservative Ministry
It is expected that
in Spain has also been well received.
SenorSagBsta will form a Ministry and will be supported by
General Martinez Campos. The General is said to te a great
favorite of Baron Alphonse Rothschild of Paris, and it is
hoped that through his influence the Rothschilds may be
induced to give assistance to Spain. For a considerable time
past they have utterly been opposed to the policy of the outgoing Mini.stry they refused all further help and insisted
upon le-payment of the temporary loans made by them.
Mr. Cecil Rhodes, the Pi-ime Minister of Cape Colony, who
is also the guidina; spirit of the De Beers mines and the Managing Director of the British South Africa Company, stated last
week at 'he meeting of the latter company t'lat he proposed
;
,
.
DaOKUBKB
to
21.
CXti'ii'l Ihi-
!•
from tlKTH
coiii|>iiii>' u|>
f.i
in itlt^.l
,
Nuid tliat
lie
Company, and Mr. Cecil Rbcdes in to Im) It* MannsInK Director.
Few belixve that It will l>e a
The capital in to be £400,000.
commercial auccera for many yenrK. Even up to Uganiln it in
(lifHcult toseo how it can pay; but hrtween Uganda and Kgypt
Mr. Ctcil Khodos, however, i«conlldent that he can "square" the Mahdi, Furtbcrmcre, tln> tcli'(;raph, if it is conetructcd, will compete with the Eastern
Tf legraph Company. The latter corajmny is now charging ft*.
6d. a word for mpsf>AKOs. Mr. Cecil Rhodes promiaea to charge
only half n crown a word. In spite of the opposition of the
Eastern Telegraph Company, it is believed that the money
will be raised.
The National Agricultural Conference was opened here on
day
it
1891.
1892.
£
Differttie*.
£
i
Hl
till Of pttM.
38,485,311
34,877,931
36,704,177
34,920.272
34,935,738
32,811,854
33.497,585
34.844,363
31,485,305
34.726.858
38,898,373
-1-4,711,162
11 montbs.. 386,013.019
392,429.299
.\
Umiiii tiutinr
''
PtrO'.
ii>,lxlO.
.
The quota'
follow*:
i»
•OLD,
Ow.ti
Dh.
T»
tOdwts.tllT«r..ai.
Spaa. doabtoooA.oa.
I7.S.IK>M«ota...o«.
rt 1114
n
4.
,
n
n tiM
w (N
II
•
T«
?•
JBIS.&
4.
n im mMIvw •.
ION
arioM,lii«....ot.
tar (Old, oontJMn'i
I.
•.
4.
•.
ii.vn.
.
11M.L
4,
mi
m
l«
ot.
M
*-vt
B«rtllT«r. sonUialn« a trt. (Old, o«.
CsketilTcr
o«.
i
The following return aliowi tba poittton o( the B«ak of
Bngland, the Bank rat« of discount, tba prioe of cooaola, Ac.
Qompared with th« last thr«e yeara:
IWf.
MM.
IMI.
Dec. a.
!>«...
Ok.
«
MJMJW MJtMM
ClronUtloo
PabllodtposlU..
OttaerdcpoatU
MIMM
UMiM*
a,tn.7tO
xijmfM
tun^TM
l».«U.)tft
lAMOcMA
t4^tM,TW
n.Mu«s
41
3
Ul-M
(DM.M)tM
M»-l«
MM
Prop. •!••',« to ll«blllUM.iwret.
.Mrob
Buikr*t«
OounliSM
per cent
Clearlnt-ncaH rctanu
XtMtMl
»
»7*.M
ftnlllon
unjku
ttmum n.MMM WMaUM
ia.wuaa lojii^a MJWJM
tijmjm njnMi njimsu
sa.?MM8
avMrr*
ColDuid
M.fri.TM
MM.***
M5IJW
0}T«nua«nt wouIUm
OthwMoarttlM.
vm.
r^iu
njmjm
10.
t»jM»jmi
»s-u
4«W
•
•7&.W
IIMll.OOO 1U.4M.000 1I«S«S.0(M tll.MI,«0
The following shows the importa
of cereal produoo into th«
Qnited Kingdom during the first fourteen weeks of the i
eom pared with previous seasons:
ncpom.
1893.
(mports of wheat.0 wt. 1 9.429,8 53
8.639.079
Barley
4,378.790
Oata.
703,781
Paaa
1,348,341
Beans
tndlan oom
8.724,841
flour
5,894,790
IR91.
33.085.689
8,973.045
4.178,324
969,881
1.117,452
4,974,459
4.3?2,386
1800.
18.385.761
7,983.370
3,368.881
1889.
16.807333
6.340.7ff7
4.190.745
427,098
398.861
744.193
1.10?S.3H
8,170,719
8.51 2, OJT
3.873.592
4,611.1Supplies available for consumption (exclusive of stocks on
September
>
1):
1893.
owt
nutat
19,4-29,853
Cmports of Sour
5,694,790
teles of bome-grown. 7,679,853
1891.
33,085,680
4.373,338
9.691,810
1890.
18,385.761
3,873,893
11,770.937
1889
16,907.833
4,814.480
15.337.I90
£
33,741,082
33,311,354
35,253,059
38.982.537
34.377.693
36,850.124
32,824.111
32,746.279
34,089.301
36,873,829
43,861,380
Imports.
/aaaarv
Febmar; .-ICaroh
April
iCw
Jnnc
July
August
September....
October
November....
The exports
since
January
1
1891.
A
Marcb...
May
June
July
AuKUSt
September....
October
November....
-f-
470
-I-
411
—10-42
55g|040
—4,038,270
+ 673,474
+2,098,086
—2,603,996
-2,146.971
-4,903,016
+
-6,416,280
—1-63
-1-
1-62
—10-95
+ 205
+ 8-40
—
-
7-64
5-82
—11-31
DiJiferetue.
Ptr
01.
—
—
—
3-46
5-57
9-2S
—687.611
-1.141.868
—1,997,996
—3,053,190
—1.960,504
—3.364,081
—2.481.515
—15-69
—11-30
20,670,489
20,793.543
21,166,113
18,790,949
619,159
-1,688,684
-2,440,683
241,609
- 8- 12
—1153
— 1-28
2-27,432,458
—19,876,870
—8-65
—
—
—14-89
—9-93
-3-00
29 days in 1892.
The exports of foreign and colonial produce since January
show the following contrast:
*
1891.
1892.
i
RR-EXI-ORT8.
M.
Difference.
—
*
4.227,061
6,363,o28
4.788.058
5,w»9,4»5
4.377.262
261,158
133.443
369.069
+ 10.686
+1,144,116
+ 35,501
133,026
+ 719.058
126,417
+ 363,833
+ 410.796
11 months... 57.935.215
38.271.636
+1,660,5:9
4,128.646
5,728,772
5,566,389
5.545,838
4.389,802
5,862,215
5,936.458
M*y
6,.5»1.447
June
4,648,280
5.971.207
5,447.331
4.612,759
«.104.2:«
January
February
Usrob
April
.
July
Auilst
September...
October
November...
tfe^srs.
December
5,.53.5,152
3,6.)7.45l
4,3.13.478
4..'176,.'>O0
Pixley
&
—
—
Per
1
CI.
— 595
- -J7
— 6-21
+ 2 95
-J
+
19
+
-77
^2100
—
—
2-90
+UI94
+ •i06
+
9-38
Abell write as follows under date ol
dom mil
All'!.'
Ihi! itolil ini>v<
£102.000 sciUl. the lai
buyer.''.
for
eoM
--
r
o.)ntlnne9, but o ily at
1
>wer prices
:irrlv.iU. hoTever. ini-et wltli riv> ty
H»:it< :ircv »; li.OiJ i tmiiiflit mnl
lii
iu-Uiii «;>utliieot. Arrival..: CUIiu»,
Bombay, «Ioj.'mhi; .-.alal. ili/.OOO: (Jjloutta. Jtl.i.ooO;
toial. JS30C1.01IO.
.-silver.— .Vc the end of the weeli silver commenoeu to fall, and » decline of >8d. dally set In uuiil the 7th, wbcD from 38\d. tbe price fell
'
Thtm.
Sal.
London.
Wver, per os
d
Hon.
Am*.
Wtd.
38',«
38»„
97»„
37l»„
S7ISt,l 381.1
FH,
38
(](nuol8,new,3\ per eta. »7»„
97%
97%
97%
97%
97%
M« 97*
97%
do for account.
97»M
99-0fr'ob rentes (In Paris) tr. 98-77 >» 98-97>« 98-9i4* 93-46
>7% 96-7(
a. 8. 4a of 1907
ijanadlan Paolflc
91%
91%
91%
91%
91's
91%
73%
73%
78
Ohio. Mil. A at. Paul.... 78"^
78%
7J%
100 • 100% 100% 101% 100% 100%
(UtBOls Central
134
133% 133% 134% 134
Ijaka Shore
134
lionlsvUleA NasbvlUa.. 71V
73
71%
72%
71%
71%
e6V
87
67
67
Vexlcan Central is
67%
67
113% 112% 113% 113% 113%
9. T. Central A Hndaon. 112>s
24%
«. Y. Lake Krie A Weat*D 34%
24%
24%
34%
34%
104
104
2d oons
103% 104
do
104% 104%
3m%
Norfolk A Western, pref. 88%
88%
39
38%
38%
49%
Jforthem Paotflc pref,
49%
49
50
49%
49%
55%
55%
Pennsylvania
58%
55%
53%
8»%
Philadelphia A Reading. 27%
27%
26%
37%
3«%
38%
(Tnlon Pacldo
38%
38%
39
38% 38%
24%
34%
Vabash piet
34%
38
34%
84%
I
I
I
»%
f ommci;ctal
and l^tscellaaeous
Kews
National Ba.sks.— Tbe following national banka ha<»
recently t>een organized:
4,818—The First Vallonal Baokot Ellwood nty. Pa. CsplUI. tlOO,000. President. D. A Dancl-r; r.t^hlrr. John HbarwlD.
Kr. i'4plt.tl, »5O.0.0.
4,819— The Firm NatliDil Btak <>r
'
President.!)
'.
Y'oiin](;
4,820—The Crete Nntl.iml Hvtk
Pre-!
thiiii lust (inijteil.
*4:t,«00;
Bncilali *rin«aeli>l larKete— Per Cakla.
The daily closing quotations for securities, Ac., at Londoa
are reported by cable as follows for the week ending D^c. 23
2-17
8:
lolil— The recent
33,004.496 37,149.835 31,030.290 36,759,602
1892.
1891.
JI890.
1889.
38s. lid.
iver. prioe wheat we«k.27s. Od.
32s. 3d.
301. Id.
37s. Id.
iverase price, season.. 288. 4d.
32s. Id.
39s. lid.
The following shows the quantities of wheat, floor and
naize afloat to the United Kingdom:
Thit week
Latt week.
1891.
1890.
trbeat
qrs. 2.293.000
2.285.000
2.113.000
3.037,000
riour, equal to qrs.
537.000
479,000
296.000
343.00O
385.000
qrs.
395.000
ICalse
3-J9,000
470.000
Totld
:
A
21,94.'5.112
11 months... 207,755,588
Pebmary
—4,062i265
£
19.834.315
20,470,621
21,863.378
20,919,066
19,744.473
21,434,399
19,146.701
10.328.753
19.665.382
17,865,876
17,783,969
18,070,318
19,483,397
20,051,330
19,104,859
18,725,460
18,549,340
April
+1,566,577
-H, 451,118
-|-14-0«
have been as follows:
1892.
fiXPORTS.
Janaarr
<
Ulltltf
On
closed on Thursday afternoon.
adopted a resolution in favor of protection, declaring that competing imports should pay a duty not less
than the rates and taxes levied on home productions, and it
also adopted a resolution in favor of universal bimetalisni.
There is not theUast chance of either resolution being adopted
by the country, but it is possible that a large section of the
agricultural community may engage in an active agitation.
The Board of Trade returns for November are again rather
unsatisfactory, though not so much as in some other months.
The value of the imports was somewhat under 89 millions sterling, a decrease of not far short of 5 millions stf rling, or over
1114 per cent, compared with the corresponding month of last
year. Nearly half the decrease is in duty-free articles of food
and drink and about two millions sterling in raw material
for textile manufactures. The value of the exports of British
and Irish produce and manufactures was somewhat over 18^
millions sterling, a decrease of somewhat less than a quarter
of a million sterling, or a little under l}^ percent. The falling
o£f in the exports is mainly due to the lower prices, quantities
in nearly all cases being larger than in November of last year.
The imports since January 1 have been as follows:
first
«.i|n>
!ijr
ilflf^ .|»,-||T..
the Mnhdi's country.
Wednesday morning and
the
(hf'rnlti
<
<
a company to carry out the plan and that ho i« miro of llnditiK
the capital. Tho Chuiriiiaii of th« now company {m tlie Duke
of Abcrcorn, who i» Pronident of the UritlHh South Africa
lies
lOttT
|n(1i|rn''^t
to UkkikIii
U Ih now
to AloxiiDdria.
(;uruni(;lh.
01 Cap« Town
mil
lia.
Ic>;r.i|.:i
territory of (he
llio
THE
1802.)
4,831—The
I'
dinlth.
I'
.
..
(•tt.lMl.
1
Pn--
#5i>.im:0.
ooDor
.Mj.00<».
'Aoh.
b^xpuKrs fdh the vVkkk.— lllt^ i<»iIowidii ar«
the importa at New York fur the week endioK (fur dry* good*
Dec. 15 and for the week endinififor ^eonral merohaodUM
Dec. 10 ; alao Mtala since the begianm* of the Srat wee» 10
January.
Imports
a.vi>
.
.
)
:
THE CHROi^lCLR
1068
rOBKIOn IMPOBTB AT
rvr Week.
Vry Goods
1892.
3891.
$2,283,410
7,010,883
$1,876,995
7,644,507
$2,223,245
6,935,720
$9,621,502
$9,158,965
$12,351,515
$128,014,242 $142,561,759 $111,786,794 $122,333,697
Sen'l mer'dlge. 349,711,618| 381,827,922 389,563,448, 431.803,308
Total 50 weeks. $477,725,860 $524,389,681 $501,350,242 $554,137,0 05
The following is a statement of the exports texclusive of
specie) from the port of New York to foreign ports for the
week ending December 20 and from January 1 to date :
aXPOBTS FBOK HBW TOBK FOB THE WEEK.
1891.
1890.
1889.
T ital
1892.
$9,362,150
363,662,753
$7,249,162
335,005,935
$7,540,639
322,197,236
$7,927,953
368,702,516
50 we648.|$329.737,875 $312,255,097 $373.024,903 $376,630,469
shows the exports and imports of specie
at the port of New York for the week ending; Dec. 17 and
since Jan. 1, 1802, and for the corresponding periods in 1891
Ihefollowmg
and
do
do
Dry Goods
Prev. reported
table
1890:
sxpoars
ikpobts op spboib 4T
ilkd
hbw tork
Since Jan.\.
meek.
Week.
Richmond & Petersburg
Rio Grande West pref. (quar.).
Worcester Nashua & Roch
UallRs.
America
Broadway
Since Jan.l
$1,604
1,800
$4,2P0,146 $66,152,349
61,000 76,001,3o6
18.8341 19,372,586
$6,462
985,962
2,163,912
$1,000,000
8,250," '00
West Indies
10,811
Mexico
Honth America
29,335
A'i other countries.
Exporu.
Since Jan.
Week.
$485,030 $19,748,865
602,539
'13,200
14,500
975,413
38,215
551,277
27,819
Oreat Britain
France .--.-- ........
Germany
West Indies.-----.-*.
Mexico
Bonth America
AM
other countries..
^tales
regularly dealt
—Ainou*; other
in
8
4
4
Commerce
4
4
4
Coutinental
East River
31a
!
Importers' & Traders'
Leather Manufacturers'
&
Fulton
York, N. B.
3I3
3
3
3
5
3
5
A
100,8.55
391,372
1,165,751
887,047
77,859
"175
17i
9P,218
48,659
$2,979,635
2.691.621
6,549,774
noi
were recently sold at
'I'riiMt
&
II.
10 Standard Gas L.Co., com
\
$10,000 Metropolitan Ferry
I
03, 1937.
& Son
Muller
Honds.
Syracuse Cons. St. R'y
$3,0.
82
Co. 1st ."18. 1920. J.tJ
$60,001) Cumb'ld Mining &
Smclt.Co.lst iO-i.l!i94.J&J.
5
$100,000 N. Y. City 38. li>10,
100* .tint.
MAiN
$2,000 1 liomsonHouston El.
316
(with Tiphts)
45 United i-tate» Trust Co. .896
201
50 6th A-venue KR. Co
eoracidcFirelnsurai ceCo.140'3
Co.. Coll. Trust 5s
95
$2,000 Manhattan Electric
Light Co., Limited, Ist 53.. 87
SOliquit. Gas Co. of Uiica.. 70's
8 Nat. Bk. of the Republic. 175
10 Standard Gas I.. Co., com. 37
25Journea> & burn.Co.com. 71
N. K. aud itrmiKlya Was SecaritteB
Bid.
140
122
180
110
142
lOU
102
'
......
Bid.
I
l.o()
100
105
i
Williamsburg
160
Bonds, 68
108
MetropoUcani Brooklyn)..
Municipal— Bonds, 79
1^05
Fnllon Municipal
148
105
Bonds, 68.
188
Kqui table...
10ft
Bonds. 6b.
1231a
Sorlp
People'^ (Brooklvn
A
tu.. c\
-.'^tk.
'24
B'way Ist, 68, gu
3nd 6b, int. as rent., '05.
—Brokers'
to
1 to Jan.
to
Deo. 23 to Jan.
Dec. 21 to Jan.
Dec. 24 to Jan.
Dec. 24 to Jan.
Dec. 21 to Jan.
Deo. 22 to Jan.
Dec. 23 to Jan.
Dec. 22 to Jan.
Dec. 31 to Jan.
Dec. 22 to Jan.
Dec. 21 to Jan.
Dec. l.°> to Jan.
Deo 24 to Jan.
Dec. 37 to Jan.
Dec. 21 to Jan.
23 to Jan.
Deo.
Jan.
Jan.
Jan.
Jan.
Dee. 23 to Jan.
24 to Jan.
Dec.
23
3
2
3
3
Jan.
Jan.
Jan.
Jan.
Deo.
Dec.
Dec.
Jan.
29 to Jan.
23 10 Jan.
3
2
24 to Jan.
6 to
3
to
to Jan.
10
lUMuraucc.
Jan.
to
viiffcollaiieons.
Cent.
& South Am. Tele.
Denver Con. Gaa
II4
1^>
Jan.
Dec.
Jan.
Jan.
1
5
(quar.)
International Bell Telephone
.louroeay & Burnham, pref
Mexican Telefjraph (qu.ir.)
(ihio Falls Car. .Mfg. pref. (quar.).
Philadelphia ('ompany (quar.)...
I.
Jan.
Jan.
Deo.
Jan.
Jan.
Jan.
Dec.
(quar.)...
2
2I3
3
I'erk. Horse Sh. pi (quar.)
com. (quar.)
2..^
to
Dec.
Dec.
Dec.
33 to Jan.
3
21 to Deo. 31
3
2 i to Jan.
to
4
Dec. 25 to .Ian.
Dec. 21 to Jan.
1
31 to Jan. 14
1 to .Tan.
16
—The statement of the condition
^9
110
19;
lo5
105
in
135
Quotations.
.
tion are well
— "The
known Kansas
City persons.
Mineral Industry, Its Statistics, Technology and
Trade in tlie United States and Other (Countries, From the
Earliest Times to the Close of 1893," being the Annual Statistical Supplement of the Engineering and Mining Journal,.
will be issued in January, 1893,
Price, bound iu paper, $3;.
bound in cloth, $3 50.
^uttUttig
awa
Iftuauctal.
....
LIBERTY NATIONAL BANK,
Central nuildinz, 143 Liberty Street.
CAPITAL,
MAXWELL,
JNO.
11.
Spencer Trask &
l.:0
VorK.
«3l>0.00«i'
10 Wall
St.,
Sew
BANKEHS,
Yor\.
16
«
2d .VI,, income, 68. ...J&J 70 73
Houst. W.St.>!i P. F'y— Stk. 200
1st mort., 7b, 1894.. J<fcJ 100 107
130 133
[iNiiuh Ave
164
8e 'oud Ave.— Stock
1st murt., Ss, 1909.M<feN lOS 106
195 200
Sixth A f e.— 8t«ck
230
Third Ave
Ist M. ,6s, 1937. .. J&J 112
Tweuty.thlrd St.- Stock.. i7oi
1st mort. 7s. 1893.
.. lUO 103
Albany.
Co.,
Bo«toi»
Provtdouce.
Cniisres.v St.,
,
Murober:, of
I
150
Sew
8TAKIN.
I
l»t mort., »3, 1910..Sf<feS 'ill 1
103
&
ACCODNT8 OF BANKS. BANKERS AND MERCHANTS SOLICITBO.
HBVBY GKAVBS, Vlc*.Pre«13»ai
HBNRT C. TINKER President.
JAMBS CHRISTIE, Cashier.
DIIIECTOKS.
B. F. 0. YOUNG,
H. C. FAUNK8T0CK,
HBNUT C. TINKER,
UON G. A. UOBAU'T,
UBNRY GKAVB8,
WM. UUNKLK,
DUMONT CLARKE.
GEO. F. BAKKK.
J. A. GARLAND.
100 101
<SlKlith AV.— Slock
275
ElghthAv.— Sell p,6s, 1914 lU.i 109
42d & Gr'nd St. FTy— Stk. 300
Ist mort., 78, 1893. A&O 11)0 IfX
42d St. .Mauli.iS St.N.Ave. 73 76
SO
112
200
100
Kansas
:
Scrip..
ItiS
3(0
107
102
160
115
140
115
iry Dk.E.B.A Bat'y— 8tk. 170
lat mart., 7a. 1H93..J.&0 luu
of the Missouri
Texas Trust Company of Kansas City issued December 3
shows the foUo^'ing Its assets are stated to be $2,334,038,
consisting of $6J2,H97 in stocks and boada; bills receivable,
$i36,663 mortfjage and loans, $.'i23,263, and other valuable
fecurities.
The capital stock is $1,010,300, surphii .$100,000
and uodivided protiis 1 163,504. The officer.s of ttiis institu-
Drv Dock E. B'y* B.—
250
Brooklyn City— .Stock
B'klyucrosst'n Ss., 1908
Bkn.O'y&N'ii68,1938 J&J
Central Crosstown— ot*k..
let mort., 6s,lV22.M<&N
Cent. Pk.N.dt K.Rlv.— 8tk
Consols. 7s, 1002 ...l&D
2
Jan.
Hamilton
J. R.
Atlantic Av., B'l!lyi).8t'k.
.Gen. M.,a3, lOi ii...A.SO 102
Ist mort., 7s., li)U(-.JJ:J
7tliAv. -tst'k..
Ist mort., 6s, 1904 .J&D
ad mort., 68, 1914. ..J &J
4
2
4
2
3
Washington
As
;o7
City Uailruait Securities
Bl'ckeT:st.
—
Jan.
5
4
Atlantic (qnar )
Franklin, Brooklvn (quar.)
Title Guarantee & Trust
—Broiiers' tjuotatiops.
8A8 COMPANIES.
Ask.
i:'8
Na8&aa( Brooklyn)
Br'dway i
21 to Jan.
3 Dec. 22 to Jan.
3 Dec. 25 to Jan.
Df c. 24 to Jan.
to
Dec. 22 to Jan.
;
10 1st Nat. Bk. of .lersoy CSllij
72
248
3d Avenue BK. Co
100 Faimerb'L'u&Tr.Co.748-752'«
1,000 Brooklvn City EK. Co.
1
KK.
:
common
112;)
Bonds, 6s
r.
Sftares.
15HerrinK-Hall-.\larvin Co.,
y.)
(L.
Co.)... tOoij
1
.iharcs.
Brooklyn Gan-LlKlit
Oonaoliilated Gao
Jersey Cilj A Hobokon,
Metropolitan—Bonds
37
Bunds.
I
.
GAS COMPANIES.
>
1-85
5
3 Dec.
.tharcs.
shares.
Messrs. Adrian
3
3
31
I'ompaules*
do
do
do
Wells, Fargo &( o
Co.
312
25 Bowery Bank
50 Nat. Bk. of the Re|)ulillc.l76k
67ia
25 Trenton Pmienes Co
314
50 Gallatin Nat. Bank
25 Leather Mfrs. Nat. Bk. .235
Mutual (N.
$21,014
335,737
5
3
-
Phenix
Seaboard
Seaboard (tax dividend)
Second
.Shoe & Leather
United States (quar.)
Western
Rhode
Messrs. R. V. Harnett
By
Since Jun.l.
5
10
5
5
4
North America
Park
securitiea tiie followini?,
the Board,
at
auctj(i).
By
Week.
$498,280 $22,161,658
166,203 19,741.289
122,609 16,708,830
Total 1892
Total 1891
Total 1890
Anctiou
1.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jaa.
Jan.
Jan.
Jan.
Jan.
Feb.
311
New
SUtcr.
Jan.
Columbia
Mount Morris
Imports.
3
Jan.
Dec. 21 to Jan.
3 Dec. 21 to Jan.
1 to Jan.
1 Jan.
2
to
4
.Mercantile
$8,449,967
31,129,670
10,621,092
2
3
-
Pt-ople's
Total 1892.
Total 1891.
Total 1890.
3 Deo. 21 to Jan.
31a
(quar.)
1
31 to Jan. 10
- to
Jan.
Citizens'
Market
10 Deo.
Jan.
Jan.
1
3i«
1»4
5
Merchants'
Merchants' Exchange
3,058
1 to Feb.
1
20
Jan,
ivitchauics'
$6,222,613
21,610,228
29,367,350
7,184,49 i
16,160
1,740,983
10,500
Jan.
1 to Feb.
1 to
3H
Central
Chatham
1
J
(com.).
do idiv oblgs.)
do
1 Jan.
*•«"•
?
(pref.)..
Bohmd. Fred. & Potom.
do
Feb.
Jan.
1 to Feb.
U]
1
<t Mich. South
Michigan Central
do
do
(extra.)
Norfolk & Southern (quar.)
Norwich & Worcester
do
20 Jan.
31a
Lake Shore
Petersl.urg icom.)
Jan.
lan.
3
& Cm. pret.
Hanover
eouf.
Germany
Books Closed.
(Days inclusive.)
^'41 ^«^-
(extra.)
Chic. St. Paul Minn.
Fourth
Imports.
Exporti,
Sreat Britain
France
When
Payable.
Railroads.
Canada Soulhern
1.
For the week..
Per
Cent.
Name of Company.
$2,354,470
9,997,045
$9,294,293
Sen'l mer'dlse.
Total
Since Jan.
DIVIDENDS.
NBW TOBB.
1890.
1889.
[Vol. LV.
Ohio Falls Car Manufactur ing Company have declared a two per cent dividend on the preferred stock, payable after Jan, 3 at th« oflSce of Messrs, Maitland, Phelps
& Co
Stock Exchanj<es.
THE MERCANTILE NATIONAL BANK
OF THK CITY OF NEW YOKK,
No. 101 Broadway.
(1,000,000 Sorplnsdc Profits, $1,030,00 OWI1.1.IAM p. 8T. JOHN. President.
FREnERICE B. 8CUENCE, Caaliier,
JAMES V. LOTT, Assistant Cashier.
ACCOUNTS SOIiD
Capital^
—The
Now York and Boston
INVESTMENT SECURITIES.
-
I
I
—
'
DkoembCK
THE CHRONICLE.
24, 1899.;
iiUe
.
jankers
TIm followlac
i^nztXXt,
10 JM
wm Um
of 4oai«tie ffiahMM* oa lC«w
miHoMd oMm toHUy
l| diaconnt. wllinc Mr to W prvmitttn
Ckatimmm, buvlnv
{NUT. MillinK M80H pr«Bloai: N«w Ortaaw, bank. |1-<>>
premium mmmmnM, H'M dlwounl
Xjrakt, 9$?. ptr
Tork at the undOT
;
XSr ffw 4i9U4Hd§ tit fr» *imu pagt.
;
18M-a
WAI.Ii BTKBBT. fRIDAV. OKC. 43.
P.
The Moiipy Market and Finanrlal Silnatlon.—Tlio
M.
91,000
;
premium
DalM StatM B*B<fc—^notoM oM an h
attL
ono at j>ro9*nt, waiting
to see liow wo can cIuho ii]> tlic old year and make a fair Imv
Tlu- loss nl' a fow miUionn gold in con>;iniuiiK o" U>i' now.
aequenco of smaller ex|M)rt-H of cotton, &c., tliiH year would 4*.IM2...
1)0 thought little of if that u aus tlio wliole matter, but tl •
e».
present gold ox[K)rt-( arc so oloscly as-iociatfd witli our lilvi-r
riituation, and the latter has such a decided bearing on the 6».
•», oitrcy. Ill
tiulo of tlif Stii'ct
rather a
is
(It.
Ohicaco, OOo. p«|l,OOOpr«niaa.
;
foOowM
liultiiif;
,
,
,
« -i ii «
r<ig. J. Jr J. -1
American securities, tiiat the movement 9a,emr'0|r,' »»....r«|.IJ. * J.IMiiH'lU't
*ThlaU tlaprto* Ud altaa aorauut boant no ttu» wm mad*.
is more closely watched than it otliorwise would be.
Colna.—The following are the ourrent quofatUon* ia gold for
The shar)) decline in Chicago Oas and Distilling & C. V.
ooina:
stocks this week served to show up quite clearly the vulnerable arioaa
aotnrelffiui
..«4 85 ••« 00 #1na«tlr«r bar*.. —93 • —
character of stocks of that class, where their managers virtually apolcoDt
S 85 • • 90 Ptveriajoa. ...... — 80 • —
—
keep the public, including the banks and other money lenders, X Z Baleluoark*. 4 70 • 4 80 Mexloan dollam.. - 84 •
Do aaeammMro'l
aSPaaetaa
4 75 •4 85
— 90
- n.
in the position of agnostics or know-nothings. We get annual •paa.Ooablooni.lS 99 VIS 7$ Pamvtan aoU
Doobloona.ia 99 •19 7.'i KngtUbaUTM.... 4 lio
reports from such companies as Western Union Telegraph, KaJE.
nnaicold bars... par •>« pram. U.8.trad<)(loUara-6i
demand
foreign
1
1
for
;
8
may
wliich
be
]X!r}iaps
cla.ssif)ed
as
tlie
chief of the
wv
and every (juarter a brief but clear statement of the income returns on which the dividend for that
period is baaed. In New York and Massachusetts the railroads are making still better quarterly reports to the State
authorities including tlieir balance sheets, and these quarterly
returns ore of the utmost value. But who that is outside of
the management can say to-day that he has a fair knowledge
of the income account and balance sheet of Chicago CSas, Distilling & C. F., American Sugar, National Cordage, Lead, Am.
called
industi'ials,
(KoTemmont Porchases of SIlTer.— The foUowiog abow
amount of silver purohaeed to date in Deoember by th
Oovemment. The Dapartment having purcbaaed tbe aiP 'mn>
of sdver required by l»w for the month no fartbar offen wU
the
be considered until Wedoesday, Jan.
subject.
The open market rates for call loans during the week on
«tock and bond collaterals have ranged from 3 to 40 per cent,
the average being 10 per cent. To-day rates on call were 4J.^ to
6 per cent. Commercial paper is quoted at 0@7 per cent.
The Bank of England weekly statement on Thursday showed
a decrease in bullion of £189,000, and the percentage of re"
liabilities
was
45"41, against 48'09 last
week
;
the dis-
purtAattd.
PnetpmU,
•
•
a.nojooo
3.033.00O'8O-«32O
1.109,000
968,000
479.000
481,000 •0-8249
7,331.000
3.0.50.000 80-8219
• 80-8567
eaob week are not reported Ull
Mon day e^
Prevlnoaly reported.
December 10
21
Ounett
tgtrtd.
Tobacco, or £iny of the leading speculative industrial stocks?
The Am. Cotton Oil has recently made an annual report giving
much information as to its affairs, and in tliis respect the company is exceptional. It remains to be seen whether the Governor of this Stdite will recommend any legislation on the
serve to
4, 1898.
Otrnett
,
'88A7
fo-a
•isio
io-S!
"
28
*Local purobaaea
'Total In montli to date.
•The
local parobases of
tbe toUowluK waek.
State and Railroad Bonds.—Sales of State bond« at th«
Board have included only 910,000 Ala. "As at 103}^; flO.OOO
Va. 68 defd., stamped, at ^H.
Railroad bonds have merely shown a fair moderate bnsiiMa*,
The prices of bonds have not
distributed throughout the list.
declined much in sympathy with stocks, but the check put on
the market by tight money and the gold exports has apparently prevented an advance in some good bonds, especially
those paying interest in January, and some of the better claaa
of these bonds look rather cheap at present prices. Tlie Reading pref. incomes were higher yesterday on a confident tone in
Philadelphia as to the payment of the 5 per cent interest duo
in February but to-day tliey fell off about IJi per cent.
The Northern Pacific consol. Ss are dull at 69, with a
report this week that the floating debt might soon be
The
paid by a negotiation of Calumet Terminal R. U. boniU.
Union Pacific gold notes, 63. are strong at OSJ^t, and it is
presumed that these bonds are being purchased to some extent
"
count rate remains unchanged at 3 per cent. The Bank of
France shows an increase of 3,750,000 francs in gold and
a decrease of 100,000 in silver.
The New York City Clearing-House banks in their statement of Dec. 17 showed a decrease in the reserve held of for cancellation. Tlie General hlectric 5s tell just at
$537,400 and a surplus over the required reserve of $3,443,223, par, the Chicago & Northern Pacific 53 at Ti^i, the Dulnth
against $5,509,800 the previous week
South Shore & Atlantic 53 at 101, the Chic. & Erie Ist 5$ about
:
&
1802
Dee. 17.
1891.
1890.
Dte. 19.
Dtfferen'i/rom
Prev. weefc.
Dee. 20.
8
59,372,700 60.572,700
60,422,700
66,0J7,90O 62.yi3.100
6»,879.200
Loans and diso'ta 441,801,200 Deo. 759,500 422.840,200 330,37S.000
3,980,100
53.100
9,58»,6U0
6.939,300 IDO
C.roalation
4 49, 1 9.5,900, Doo. 1,S9 1 ,300 446,938,000 380,320,000
Rat depoeita...
76,995,500 Deo. 719,100 94,440,300 74,476.700
Hpeole
40,748,600 Ino. 191,700 36,399,700 29,102,200
tttgtd tenders
Beeerve beld.... 117,744,100 Deo. 927,40Oi 130,796.000 09,578,900
Legal reserve.... 112,29ij,S75 Deo. 4ti2,825;ill,034,900 99,080,000
Otpltal
Borpius
.
Bqjplna reaerve.l
9,445.225!Deo.
64.5791 19.161,900
4,499,900
—
Foreign Exchange. For a time the rates of exchange were
weakeno<l by the excessively high rates for money here and
by a supply of sterling loan bills drawn by leading bankers.
There were also some purchases of stocks for London account
at the lower range of prices ruling. But bj' Wednesday these
influences had disappeared and the scarcity of commercial
bills being as great as ever, exchange again became very
strong and has so remained. Shipments of gold this week
were |3,900,000 on Tuesday and $300,000 on Wednesday, with
no engagements for to-morrow. Actual rates of exchange
demand,
are : Bankers' sixty d.iys sterling. 4 86^@4 86
4 87?^@4 HS cables, 4 8»C;@4 88^^.
;
;
Pouted rates of leading bankers are as follows:
Deeember 23.
Prime bankers' sterling
Prime oomiuercia
Dooamentarycomm'irclal
Parla bankers [ttunciM
msterdam (Kuildersi
Sixty
blllaon London..
bankers
Frankfort or Breujen(relctauiarKs)b'nkera
Day:
4 86>i
94 89>4
84 ••4 84H
Demand.
4 88>*
4 89
4
5
18%99
17>« 5 19S^9 18
40^«4O'i«
40'><n340>«
osSa 95>« 89^8 09H
Danville 63 at lOiJ^, witli another cou101>^, the Richmond
3 per cent due Jan. 1, which may be pused for a time,
Danville direct bonda
but the first default on the Richmond
will then be of six months' duration, and the receiver can
hardly go on indefinitely paying interest on leased lines or
pon of
&
guaranteed bunds which are secondary obligations and defaulting on the direct mortgage bonds of the company.
Railroad and Miscellaneous Stocks.—The stock market
was demoralized on Monday by a large break in Chicago Gas
and DistiUing & C. F., tlie decline in the first named having
been caused by the final dissolution of the old pool which hod
for a long time supported the price. The Distilling movements are generally mysterious and always capable of extreme mampulation from the inside, as the public knowa
nothing from day to day of the financial condition and ^ana
of the company. The reports of buying up immense stocks of
whiskey in anticipation of a higher tax have not so far worked
well in keeping up the price. The rest of the market
bore up remarkably well against the decline in thes*
disposition
not
to
this
but aside from
be shaken out of tlieir holdings unreasonably there was
no particular animation among stock buyers, and a general
tendency to await the developments in the exchange and
tbe new
money markets and see wliat effect the approach
year will have. The statement of the Vanderbilt roads and
the dividends declared seem to have been about whiU waa
exjiected, as they had no effect on the market, and Caaad*
Southern, which has l)e«'n ipiite active Utttly, probably 00 tte
slight change made in the terms of its contract with Michigan Central, remains merely 9t>"i»dv on small salee since the
to weak to-day, aeUing
change is announced. Rea<liii
industrials,
d
downtoSOJiandcUHingatth
One of the strong stock.s ot 1...
and there
is
,.jo
_
,.
.^
Manhattan Ewratea.
..
.^
apiiarently confidence in
itn
.
.
coatroUfa^ (Sfaa
for some time yet. The indcMnali aij
comparatively dull and the general market fevday waa weak
^^
within a narrow range of prices,
transit in
New York
NEW YORK STOCK EXCHANGE— ^CTTFE STOCKS
HIGHEST
AJBTD
DECEMBER
for week ending
Monday,
Tuesday,
Wednesday,
Dec. 20.
Deo. 21.
Thursday,
Dec. 22.
*89
56
123
22
3314
*4
33'8
414
94
90
221a
21%
89
56I4
57
122% 123
125
-40
140
145
140
97 J« 97%
97
76
120
IIOI9
221s
•60
•81
»41
67Js
34
"93%
93
89
56
145
961a i)7lB
*67ia 681a
96I4 96I4
7558 761a
1191s 120
681a
97
76S6
120
iim
111
142
llOifi
3358
4
34%
4
471a
581a
28
2812
*72is
116
57
31a
131
97
*9
31
22
74
731a
51
31a
30
714
132
98 1«
10
31
223e
74
1301a
69%
70i«
23i«
aSie
25
133
105
*16
*46
'140 145
9678 9778
*67% 63%
*96% 97%
76
77%
120% 120%
H038 111%
105
6638
34
89
*86
109
I714
10938
171a
•35
23°8
79
38
24
54
75
54
421a
253
43%
254
1818
151a
65
65
1014
3814
161,
471a
211a
48%
48
*72
•20
161a
5338
•19
S9ia
6%
•32
Fe...
57
58
271s
211a
491a
76
22
161s
54ie
2018
59>a
410
450
71a
36
6%
61a
I3I4
4114
1258
•41
107
6%
105
112
•lllia 1121a
12%
42
105
112
34
10
33% 33%
•914
35
3514
35
938
50
36%
37%
11
23%
•19% 21
14%
35%
3758
•15% 15%
1578
10% 10%
23% 237b
6378
9%
•45% 50
•77% 80
'75^ 80
371s
1518
86
Oct.
Sept.
4
a
101% Mar. 12
26 94% Jan. 12
8
Mar.
5
Feb.
Jan.
Jan.
Jan.
29
14
16
21
28
28
28
11
38% Jan. 9 44%
144 Chicago & Alton
172 39 Feb. 4 154 July
96% 97 Chicago Burlington & Quincy. 59,783 95 Sept. 1. 1105), Jan.
67% 67% *ii7% 68% Chicago A. Eastern Illinois
100 fiO
Aug. 8 71% Nov.
*96% 97% •97
97% 96% 97
Do
350 96% Dec. 19 104 Feb.
Paul,
76% 77% 75% 7638 75% 76% Chloago Milwaukee A St. P''®'- 90,9H 7.'>58 Apr
8468 Aug. 1
120% 121%
1,36:-! 119% Dec. 19 1287eMar.
120% 121% 120% 121
Do
pref.
5
11,213 110% Dec. 19 121 '8 Mar. 5
110% 111% 1103h 110% 110% 11078 Chicago Northwestern
141 142
141% 141%
415 139 Nov. 30 147% May 27
Do
pref.
S368 Chicago Rook Island & PaoiBc. 35,77.T 75% June 8 94% Jan. 7
'83% "84% 82% 8358 83
46% 47% 46% 47 Chicago St. Paul Minn. & Cm. 7,150 44 Jan. IP 5458 Aug. 5
47% 48
119 119
117% 120
pref.
1,145 10''% Jan. 2i> 123% June 3
118% 118%
Do
58% 58% 57% 58% 57% 57% Cleve. Ctnoln. Chic. A St. L.
6,67
57 Deo. 19 76 Jan. 7
9-2
92
300 •Jl% Dec.
Do
pref.
91% 91%
99% Aug. 15
•27% 28% Colmnbus Hocking Val. & Tol.
29
1,790 •27 Dec. 19 40 Mav 18
28% 28% •28
•70
71%
Do
70% •70
pref.
80% June 2
71% •70
66 Jau.
140
9678
'»67%
98
69
142 143
96 97
140
1
'5
iSt
.
23 I^ov. 30
100 63 Dec.
460
6 Dec.
760 11% Dec
•19%
11
2378
21
62% 63%
14% 1438
63 7e
147e
Do
pref
Do
64% 64%
•121a
•4114
•45 1«
466, Jan.
57s Jan.
21
Apr. 21
17,465 54%
If)
64%
4,036 111% Jan. 19 145
6,410 21% Sept. 16 28
59 Jan. 9 64%
Rio Grande Western
34
4
92% Oct
2,720
<fe
•6%
"105
32% May
57,571
Paciflo
ite
16%
16
&
9438
887e
<fe
1838
•10i«
•3714
32% 33%'AtchlBon Top. & Sauta
lAHantlo
Hlgheat
1
25
33>a
46% 47 7„
117% 118%
9438
Lowest.
Stocks.
.
1331$
56'-e
33%
RR.
"
25%
13% 13%
25
•3%
Week,
Shares.
1899.
I,
sales in 1893.
<fe
I6I4
129%
3278
Range of
28% 28%
*71
*72ia 74
71%
128% 129% 129% 130 Delaware Hudson
3,687 12278 Jan.
149% Apr. 7
128 129
128% 129% 129% 130
14S% 14859 Delaware Lackawanna & West 18,497 138% Jmu. 19 167% Feb. 29
147 148% 147% 150
149 150% 148% 149
16% 16% Denver & Rio Qrande
1,.'>00
nSia 16
16
16
16% 1638 16% 16
15 Sept. 22 19% Jan. 2
52
52
6,0U0 45 Jau
Do
pref.
54% Nov. 11
50% 51
3 4 51% 52 52 52% 51% 52
*3% 4
338
4% 6%
1,192
3% EaatTenneBsee Va. AQa
3% 3%
3% Dec 23 9% Jan. 7
•20
•20
*25
22% 22% 25
25
163 22% Dec. 2.' 51% Jan. 11
33
Do
Ist pref.
33
35
'7
•6%
*6ia
262
8
Do
2d pref.
8
8%
6% 6% •7
8
6% Deo. 21 20 Feb. 29
300 xll9%Jau.l.' 151 Sept. 9
EvansvlUe 4 Terre Haute
145% 145% 145% 145% 146 146
•131
1,830 119 Jan. 2v 144 Aug. 11
129 133
133% 133% 132 133% 132 135 Great Northern, pref
134
97
98
98 nilnolsCentral
2,259 95% Sept. 16 10 Jan. 5
98
98
97% 97% 97% 98% 98
*9
*9
•9
9
800
10 Iowa Central
10
10
9% •9
9%
9 Dec. 22 15% Jan. 4
•30% 35
*30
•30
31
300 31 Nov 28 56% Feb. 13
•30% 35
pref.
34
31
Do
34
22
2,200 20% Jau. lU 27% Apr. 18
2178 22% •22% 23%
22% •21% 23 Lake Erie & Western
21% 22
pref.
4,570 69% Jan. 5 80 Apr. 18
74% 74% 75
Do
73% 73% 74% 75% 75% 7578 74
7,365 120 Jan. 19 140% Mar. 5
129"* 130% 130% 130% 130% 131% 12958 130% 129% 129% Lake Shore & Mich. Southern.
102
'102
102% 102% Long Island
1,000 95 Jau. !>- 112 June 17
105
102 10 >
105
102 105
69% 70% Louisville & Nashville
10,179 64% Sept. 23 84% Jan. 3
69% 70% 70
70% 70% 7058 69% 70
31
Jan. 7
22% 23% 23% 23% 23
23% 23% 24 Loulsv. New Alb. & Chicago.. 3,035 20% Sept.
22>a 23%
2;i
1,100 14% Jau.
20% Nov. 19
25 Louisville St. Louis & Texas
25
25
25
25
25% 25% 25
110 Dec. 12
138% 140 Manhattan Elevated, consnl.. 19,705 104 Jan.
131% 133=8 133 136% 13678 138% 137% 138
Mar. 5
104% 105% Michigan Central
3,245 102 Dec. 19 17
105% 106
102 104
103% 104% 105% 106
1.420
17% 17% 17% Minneapolis & St. Louis
Feb. 2? 21% Aug. 10
16% 17
17% 18%' ^1778 18% 17
8
4778 48%
48% 48%
1,500 18
Do
pref.
Mar. 5 49% Deo. 14
46% 46% 47% 48% 48
48%
13 Missouri Kansas St Texas
2,2(j0 13
20% Jan. 13
Dec. 2
13% 1338 1338 1338 •1356 14% 13% 13% 13
1,300 24 June 6 33% Jan. 13
Do
pref.
24% 24% • 24% 25
25% 25% •24% 25% •24% 25%
55,210 5378 Dee. 2 65% Jan. 4
55% 56% 55% 56% Missouri Paciflo
57
5538 5678
55% 56% 56
•33
800 33 Nov. IC 42% Jan. 2
34% 34% .Mobile AOhio
35
33% 34
34% 34
34% •33
*86
•85
•86
*86
88
89 Nashv.Chattanooga&St.Lonis
89
88
83 Nov 21 91 June 21
89
89
"^ New York Central & Hudson
109 10938 108% 109
3,225 107% Sept. 1?> 119% Mar.
108% 109% 109% 109% 110 110
22% Jan.
2,830 15% Juh
16
17
16% 17% 17% 1H% 17% 17% 17% 17% New York Chic. & St. Louis
•75
50
77%
Do
Ist pref.
75
75
76
76
70% 78
77% •76
72 Mav 1" 81% Jan.
5iiO 32% Sept. IG 45
Jan.
34% 34%
Do
2d pret
34
35
36
36
37% 37% *33% 38
2338 23%
23% 23% New York Lake Erie <& West'nt 22,410 23% Dec. li* 34% Jan.
23% 23% 2338 24
23% 24
b30 53% Dee. 1< 77 % Mar.
54% 54%
Do
pref.
54% 51%
53% 54
42% 43% 42% 43% 42% 43% 425s 43% '425^ "43% New York & New England ... 37,595 SO's Aug. 21 59 Mar.
'255
2'10
'255
255 255 New York New Hav.
166 224 Jan. 15 255 Dec. 12
Hart.
260 x253%253% '253 257
18 New York Ontiino
Wcsttrti
6,871 17% Sept. 1.3 23% Feb. 11
17% 18% 1778 1838 18% 18% 17 'e 18% 18
1678 167e
16
16 New York Susquehan. & West.
4,270 10% Jan. 4 20% Nov. 2
15% 16% 16
16% 16% 17
•66% 68% •66
71 Nov. 10
68
760 41% Jau.
Do
pref.
67
64% 64% 67
68% 69
300
9 Sept. 2S 18 Jan. 4
10
10% •9% 10% •9% 10% •9% 10% •9% 10% Norfolk & Western....
37% 37%
Do
7s6 37% Sept. 29 56 Jan. 4
pref.
37% 38% 37% 38% 37% 37% 37% 38
1.900 16 Doe. 1'/ 26% Jan. 2
16
lo
16% 10% 16% 10% 16% 16% 16% 16% Northern Paciflo
72% Jan. 2
Do
pref. 50,205 47
Dec.
47
48
47% 48=8 47% 48% 47% 48% 47 7e 48%
'20% 21% Ohio & Mississippi
24 Jan. 5
20i 19 Sept.
*20% 22
2178 •21
21%
217e
•48
55% Deo. 13
•45
•40
•42
400 19 Jau.
52 Ohio Southern
50
55
55
50
50
•70
•70
91% Jan. 28
*70
75 Oregon R'y & Navigation Co.
300 69% Dec.
73
75
70% 70% 70
70
33% Jan. 4
•20
105 21 Dec.
•20% 21% 21% 21% •20% 21% •20
21% Oregon Sh. LinnAUtah North
22
2278 Jan. 4
_
310 15 Oct.
16% Peoria Deca*Tir & EvansvlUe.
16% 16% •16
16% 16% 16% 16% •16
16%
65
Feb. 11
51% 52% 50% 52% Philadelphia & Keading
456,688 38 Jan.
5158 53%
51% 54
52
5338
305HJan. 5
412 19 Dec.
19 Pittsburg Clnn. Chlo.
19% 19%' 19
8t. L.
19% 19% •19
20
19
19
67% Jan. 5
100 57% Sept.
*59% 61% •59
Do
pref.
61% •59% 61% •59% 61% •59% 61%
676
678
738
7 Rlohniond & West Point Ter'l
9,555
6% Juue 27 17% Feb. 12
668
7% 7%
7%
7% 7%
•30
79 Feb. 18
•32
32
32
Do
930 31% Dec
32
35
pref
32
38
37
37
1271a 129
30
7
5708
27
148''8 150i«
*1558
501a
47
117
46
471$
67i«
33% 34%
4% 4%
94% 94^8
Sales
of the
94% 94% Baltimore & OUlo
-88% 89% Canadian Paciflo
*89
89rf«
88%
57% 58 [Canada Southern
57% 69% 57% 59
124 124
122% 123% Central of New.Tersey
124 125% 124% 125
22% 22
22 Chesapeake & C, vot. tr. cert.
21% 22% 22% 2258 22
•60
•60
•60
*60
Do
Ist pref
do
•40
•40
•40
*40
Do
do
2d pref
94%
89% B9%
56% 57%
93
142 142
142^ 142% 142
82% 82% 8258 84
821a 8314
117% 118
3S, and since JAN.
STOCKS.
Friday,
Dec. 23.
Active
4>4
[Vol. LV.
LOWEST PBIOBB.
Dec. 19.
Batarday,
Deo. 17.
S319
I
THE CHRONICLK
1070
93''a
1
.'
.
pref.
6% 6%
6% 6% •6% 6% •6% 6% St. Louis Southwestern
•12% 13% •12% 13%
Do
pref
13% 13% 13
13
•41
•41
42
41% 41%'St. Paul & Duluth
41% 41%
42
105
111
107
112
3358
3378
•9
10
37
50
85
35%
M5%
•77%
105
107
111% 113
33% 3378
•9% 10
36% 37%
107
113
33% 34
105
111
9%
36%
9
50
36
50
'77% 85
•78
50
50
85
37% 38% 3778 385b 37% 3778
•15% 16% •15% 16%
15% 16
1138
2436
21
11
11
11
24
24%
24
24
21
6378
62% 62%
•19% 22
63% 63%
14% 14%
11
24%
21% 21%
637e
1138
•14
16
•105
106
•111
113
3358 34
250l
,
270 45
75
550 10
ll%iW»bash
24
I
Do
•14
B
A Lake Erie
Do
637g
Wisconsin Central Co
16
Nov. 10
Feb. 13
Feb. 11
Jan. 4
Jan. 4
Jan. 4
June
88
50%
25
15%
33% Jan
40% Jan.
Nov. 30 80% Jan.
1,031 62
425 14% Dec. 19 21% Jul
22% June
420 19% Nov. 2
pref.
I
_
38
52%
4,330
pref.
•20% 2 1 % WbeeUng
63
5
Mar. 11
3
41 % Jan.
1458 Jan.
Dec.
Dec.
26',8¥6
Jan.
11% Jan.
22% Jan.
116% Jan.
Oct.
Oct.
35%
600 15%
j
I
74
4S7g Jan.
108 Oct.
Jau.
Feb.
2,6:'0| 3368 Dec.
July
1,120
7
Apr.
9,020 23
'St. Paul Minn. <fe Manitoba
Southern Paciflo Co
9% 9% Texas & Pacific
36% 37 Toledo Ann Arbor A N. Mich.
48
48 Toledo A Ohio Central
•78
80
Do
pref
3758 37% Union Paoiflo
•15% 16% Union Pacific Denver A Gulf
•11
2378
39% July
100 103
100 112
I
41
4
5
4
4
Tllacellaueous Stocks.
40
13,292 32% Jan. 19 4778 Aug. 18
40% 4158 40% 41% 40% 40% 39% 40% American Cotton Oil Co
78% 79ii 78% 79
80
79% •78
Do
2,246 83% Jan. 19 867« Nov. 11
80
79% 80
79
80
pref
J4 104% .06% 105% 1073s 10678 108
10638 107
131.230 78% Jan. 19 115% Aug. 25
106 107% 10678 1075? Am. Sugar Ref.Co
8978
97
120
109
40%
Dn
3,325 90 Jan.
97% 97% 97% 97%
pref.
4,160 106 Oct.
117%117'fl 115% 117% American Tobacco Co
Do
459 96 Jan.
110 '108 110
i)rof.
83
84% 85% 84% 85% Chicago Gas Co., trust rec'ts. 183,030 71% Jan.
41
5,7
39% 39% 39% 39% Colorado Coal & Iron
28% May
393e
123
121%
122% 122% '122 123% Consolidated Gas Co
1,568 102 Jan.
6738' 1157
61% 62% 61% 62% Distilling & Cattle Feed'gCo. 280, J30 44% Mar.
112ia| 109%
11058 mi, 110=8 iim General Electric Co
17,677 104% July
I3914 134%
18,711 91% Mar.
137% 138
13t
138% National Cordage Co
114
112%
113
113
113
Do
1.135 100 Jiin.
113
pref.
46% 39%
82,275 30»6Mar
43% 41% 4358 44% National Lead Co
9338
^lar
89%
92% 92% 92% 92%
Do
pref.
5,716 81
10
976 Dec.
7,131
10% 10% 10% 10% North American Co.
107s
•19
•19
•19
23
•19
23
23
*1H
23
23
23 Oregon Improvement Co
19 Juue
26
25
2538
26% 26% 26
26
7,290 25 Dec.
25% 26
27% Paoiflo Mall
263f
5258 52%
5258 5258
18,000 50 Oct.
52% 5258 Pipe Line CertiflcatesJ
196
194% 196
195 195
194 196
194 1»4 Pullman Palace Car Co
196 196
1,778 184 Jan.
g63g
83% 83% •82% 83% 82% 82% 82% 82% •82
S3 Sliver Bullion Certifloates.... 107,000 82% Aug.
35%1 345g 35%
35
36
36
36
36% 35% 36% Tennessee Coal A Iron
11,780 31% July
36%
105 *100
105
92
i-eb.
Do
pref.
41%! 39% 41
•39
39% 41% 40
41% 40
40
41 Unltod States Rubber Co
3.678 38% Nov.
04%l 91% 93% 119138 S.3%
92% 93% 92% 9278 92% 927b Western Union Telegraph
52,033 82 Jan.
4014
61%
111
1381b
•1121a
4458
92%
10
•19
25
194%
863g
35%
•100
41
93%
96% 9T,
981a
120
111
8058 92
•122
39
97% 98
97% 97%
117% 118% 120 120
108% 108% 108% 108%
90% 83% 885b 86% 88%
405^
40% 39
3958 40%
122% 123% 124% 123% 123%
65
60
64% 62% 64%
111% 109% 112% 11078 112
138% 138 1387(, 138 139
112% 112% 112% 112% 113
445«
43
4538
44% 45=8
93
91% 92% 93
93
979 10%
0%
10% 104,
116
118
109%
109'.
I
I
,
'Iheseaie the
prices bid
and asked
'108
uosalem;«le.
1
% Prices froai bi>th
E-tohanges.
x
E.t
dividend
Lowest
is
19 107% Aug. 19
3 126 Nov. 1
13 115 Oct. 26
2 99% Nov. 7
24 43% Oct. 5
Nov. 25
l.i 128
9
72%
Dec. 13
7
7 lig'B Oct.
142% Deo. 13
4 123% Aug. 11
7
24 515« Dec 14
24 995b Aug. 22
20 18'8Jan. 4
14 29*8 Jan. 4
16 40% Jan. 14
17
4
12
11
64% Jan. 1,
200% May 1
95% Jan. 14
.50% Mar. 20
23 108
18
1;
Apr. 17
19
48% Nov.
100% Aug. 1«
or dividend.
—
.
Dbc-rmbkr
J
.
EXCHANUB PRIOBH l09uU»n»i)~iyACTtytl
NEWT YOHK HTQCK
STOCKJI.
kA.
iMWial.
Ulghttt.
«•'!
..,
at. JoM>i>b
'-""I- *
•*<
I
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.,100
100
Atl "
B<1
165
r*b.
F<i.
>ii4
13S
100
Jno.
3-1
31
li
33"
itidl,
lUO,
inrft ritUbUTg.lOO
lOO
100
1H\
pUlnA.Vor
Bur
A7lt
SO
Jan.
Oct.
100
ClcN
Col'
Uc-
28lt
2H
l-iitciji:!!
8
100
:
20
80
im im
88
A AUantlo H 100
Pnrt iiiMl''
100
Fill'
Murqaeite.
100
100
r
100
a.
1Or
Ir.reo
100
Diiint li "u. hliore
llin
MU ]il;;iiu
.liln
1
Mr
rial.
Ml'
<c
V
'
No price
Friday
;
July
Ans.
Mar.
im
A
35
Auk.
4H
2!l>t
l)«a.
87
.1
13lt
20
50
**•••
24
8ld.
ita
;Y7%
152
31%
164
no
ll'\
,
luu
PmlvrrtxJ
I
LAlltfi
A
Wllli««barre Coal
i
1
i«f
-Cable U
;
!
Bid.
New ¥ork
BAKKS.
Banks.
Bank
New
of
York.
2,008,3
1,690,4
Manha'tan Co.
2,060,0
MerchauEs'
Mechanics'
America.
Fheali
'^,00l>,0
1,016,1
2,U0U,0
8,000,0
1,000,0
1,000,0
7S0,0
300,0
600,0
1,000,0
300,0
400,0
2,0i7,B
3,106.0
433,4
City.
Tradesmen's
CheinicaL
Merchasu' Bxoh'ge
Oallatin National...
Bntctaers'dt Urov'ra'
Mechai.li's' <ft Trad's
Green wich
20
Seventh Va
434,7
ltf3.e
ioual..
1,^00,0
6,000,0
5,000,0
1,000,0
1,UOO,0
432,7
1,500,0
Commuico
Broadway
Mercautile.
Pacific
Bepoblic
...
People's
North America
Hano^ or
Ir\lng
Cillzeua'
Nassau
Market* Fallon..
St. Nlcholao
Shoe <k Leather
Corn ICxchiuige.
.
..
Continental
Oriental
Importers' A Trad's
Park
East Hirer
utlonal..
Beconil National
.Nuli.'iial..
xtiuna'
.
Third NatlonaL.
N.Y.Nat Kii hangs
Bowery
New Yo k Coonty.
aerman* Am>'rlcan
Chase National
Fifth Areuae.
German Kxchange..
Genu aula
Uniteil S.atea
14nooln
Gartled
Fifth National
Bank ot he .Hetrop
.*.
I
West Side
Seaboaid
Sixth National
Western National..
FlrstNaL.Br'kljn.
Soathem
1,622,4
1,061,7
450,0
J00,0
700,0
447,9
306,0
880,4
330.8
618,8
1,861,4
600,0
eoo.u
600,0
750,0
500,0
&UO,0
1,000,0
1,000.0
300,0
1.600,0
3,000,0
260,0
Fonnh National
<
3,57l<,6
1,000,0
Chatham ...
Totol
l,851.i
313,1
667,8
87.9
520,0
2,1R»,6
Now York
America" Exch'KS.
Firnt
l7a.s
,0
State ut
Ninth
20P,8
7,114.4
800,0
800,0
aunlao'rs
Central
3,e<l>,0
»..
lieaiher
National..
$
$
2,l:00,'>
8,200,0
3,000,0
SUO,0
760,0
60C,
200.
3.BPII.6
6,'i79,7
1,768,8
2,840,0
1,116,9
8,46<,»
1,709,5
3,36/,l«
16,357,0
18,167,7
6,561,v
8,321,8
2,837.4
11.264.»
6,086,0
•2,37 (<, 6
K.'l.O
1,182.0
1,1""8,7
li',284,6
Dea
655
4,461,0
15,227,6
"
4 2.'. .'J
4,668,1
668,"
784.1
367,5
370,0
188,2
402,6
437,0
127,3
1,081,0
I.42I<,1
1,081,3
1,456,4
41.t.l
2,3»6..<
914.4
26
.0
263,8
421,3
4.9^6.0
2,009,0
23,143,0
24,e2<,0
1,017,0
1,00 i,l<
160,3
6,151.0
6,130.4
l,ltii,e
i57.i)
18,786,0
7,678,0
6,176,0
8,306,2
22. 166.6
4.413.4
1,161,0
477.l>
206.3
681,9
644,9
606,:i
401,6
478.2
301.2
726,8
266,9
219,
332,
383,
826,'
169,
4,g<t>.'i
1.619.1
3,082.0
3;'.i.8
18«.7
44^.0
989,0
386,8
33,087,1
427,9
233,8
8i0.0
4,400,8
'A06l,3
2,9(3,0
1,114.4
8.00 ,2
l.MSl.O
14K,1
360,l<
72,4
481,2
3,639,0
1,786,3
432,1
743,0
719,8
90»,0
697,8
61'A6
622,8
009.:
4U3,4
16x,S
407,6
873.8
3:9,2
892.0
313.0
S43.7
4tl4.4
1,3S:<,0
2.49i',0
13,372.0
13,035,3
4.988,6
8.502.9
3,648,7
12,73B,3
6,289.1
8,667,1
6.2-I9.8
18,476..«
2,604,0
8,;t:»4.i
2,8'.lK.7
4,24T,;i
3,»2»,4
3.353.0
7.1174.7
6.58M.6
2,050,0
23,72i',0
949,0
836,0
656,0
8,133.0
6,082.0
68.1.4
8t>0,n
1,33 ',7
New settlement, 6s
6s
8s
VlrKinla—«is. old
6s. consolidated bonds
97
63
73
103% 107
1913 102 107
IBI8 75% 76
1913'
6s. conooiuiiiicd, 2d serlea, recta
Bs. dcferreil f«t nri'ts. stamped.
6>«
Boston and Phlladeipbla Banks:
£«anf.
SfttU.
\
128.8.-6,2 444,222.:128,066,2 4-1 2.64 (>,'
LiftU, |i>>po>U<.t ClreTn VmrHtft,
1.
3
,
.
"
Aak.
IBtd.
(cnnt)— Brown consnl.e«.ie93
Tennessee 6s, old
1892-1808
Compromise, 3-4-5-6S
1912
B.C.
Oipirm t
auiplm.
R*aiaa.>
"
64,842,9 Itf3,.13'<,«i 10,«:W,3' 6,410,0 132,H;i3.1 5.023.7 109,040^
e4,IM2,9 181,708,8 10,741,31 6,702,7 162,016.6 3.089.8 106.f39.0
64,642,9 100,448,11 10,6««,2I 6.03«,7:151,&44.7 5.151.6 11<,S84,«
8....
10....
17
Pkla.*
Oeo.
'•
"
8
We omit
*
35,79.3,7 106,311,0
33,793,7 I06,2I>0,0
86,7»3,7 106,066,0
10....
17....
28,314.0
37,645,0
27,03»,0
—
two etphen in all that .Sffurrs.
"doe to other t *" "
dalphia, the Itam
107,68.S,0 3.d<-0.0
MtaceUaneons and Unlisted Bonds.—-Stock Ex.
1st oon ..
^
cni.Jnn.A8. Yds. -Col {.g ,5s 101 b.
1 'olorsdn Fuel -Oen. Oa
'Seoii'
Col. A Hock. Co ,1 A I. -6^ g
96"b. W.-(^onsol'n C'.al— Cooverf tfs... >104%b ,Whr.
Cons.uas Co .nhio.— lst|ra.6s
89 a.
I nlinenv. C. Wat. WkK.— tien.g.Ss
AbkAVl
A
Oo.-lsc5s
.
Vlcks.
iio>4b.
F.-lst6s....
Honderson Bri.lge— 1st g. 6s.
Hoboken Land A Im ,.— g. 3a
Mnttial tlolon Teleg.—its. g.
National Stare Mfg.— Isttfs.
Peoria Water Co. -Bt, g
100
113
>03
101 t:
.
..
K
»T
lOTisK
•«%».
....
75 «.
•
.
87%kk
-,a,g.
.?..".
,v
100
Mem ACliaria*tQn—Coa. 7
b.
NoTK.-" 6" Indicates prioe 611; "u" prieaosteL
•
LalMl
kk
U'k.
!00 bk
iiiW
OonsoL 6s, g
laconeS*
104 b.
Northwestern T legraph— 7s. •108 itb.
19,864.2
5,266.1
1.840.6
3.440,0
3.666.1
3,443,9
14.924.0
6.67 '.,3
3,347.0
i
.A.7a
b lAilania .k
b I'Oomstook 1 aiiiii.i— ia,u 4s..
Georgia Palflo-isl 6s g....
3d mort. Income
b.
•
103
110
l^ailA*
prices.
Co., cniieafco ... I '.'d g. Ss.
Pleas. Valley (?o«l-lsi g. 8a
Prao'.cr.t liiiniil.. -I'tic. Oil
CabalM Coal M
abalM
Hbi.— ist g. 7s
III.
'.4K3.6
Mlaeellaaeaas Bands,
Oas A O. j I't >•
People's
6s.
3.4.
Edlsiin Eleo.
F.q.,IUble a.
87.250.9
72."55.8
10«,08e,0 3.699,0
104.6i4.0 3,612,0
tlndadlna. for Boston and
Mlarell^neona Bond«.
Amer. Water Works -lat
4,l4'i,0
3,603,2
847,8
106,6
'
SECURITIES.
Ask.
City,
a.l.
10%k.
g
prloe this
weak
28,676,0
610.8
138.11
6>I.O
280,0
8.1.-8.3
700,(1
396,7
101,1
166,1
2,66nJ
l,3'>'/,2
9-'7,»
496,9
60«,S
610.2
316,4
4,460,0
1,786,0
10.074.6
4.836,0
2.431.7
4,10l-,0
1,900,6
2i2,l
1,166,4
2,706,9
13,866,0
6,176,8
2,89«,4
3,036,3
7,088.1
6,081,8
4,376,6
1,966,3
4,»4H,8
2,297,3
2,78.1,5
1,706,6
896,
Deo.
DECBMBER
^9.146,4 452,T»5.1 5,e«2,I 783.171.8
3!)9,a 462,033,3 6,«72.» 6i6.8h0,6
128,63",2 t44.H28.
1.109,4 454.8-il.8 5,6ie.« 8l(l.i>3a,9
10.... 128,636,2 I42,5'fi,,7
.'J,.'>6«,9 4.'>I.<>te,8 5.538.2 7>9.»:6,0
... .4.
17
129,304,» 441,801,2' 7l.,Ui»3,6 40,748,6 44J.1 1-3,6 6...89.3 )<80.84«,8
96..
••
1.61,1
1.331,«
»,6H0,4
2,966.9
1<A.2
1,890,2
676.2
$
2.664,9
519,0
3,664,2
8,l»t<.l
108,2
188,7
616,6
664,0
376.1
1.119,9
900,3
2,100,
300,
1,000,0
8,016,0
16,413,2
4.601,0
13,7J4,4
2,534,6
23,8: 1,4
«
8 0,0
N. Vork.
Nov. 19 ..
659,0
765,7
345,2
463,3
376,7
811,8
139.4
266 8
6.SM.4
S<«,0
300,-
12, .17,0
K,832,3j
Legal*. Depotiti.
9,400,0
12,218,0
7,361,3
6.6M8.0
1,360,0
1,794.0
761.8
«.03M,8
28U.7
6»1.«
141,4
600,0
300,
200,.
10.810,0
6,430,6
14.922,6
2,773,0
3.876,9
2,736,1
3,986,2
3.«18,3
2,867,0
1,000,0
300,0
290,0
200,0
760,0
600,0
100,0
300,0
200,0
600,0
300,-
Specie.
10O;;148
PRICES.—ST^Tf; BONDS
City Bank Statement for the week ending Dec.
We omit ttvo ciphers ^00) in all cases.
as follows.
Leans.
4>t
81
Actual sales.
New York
Capital Surptut
%
63
•
100'
100:
17
lOOi
lOOil 60
luif
15\Jirn.
Sept. 155
Apr.
tlcI.aDdTnut
D(c.
45% Apr.
i-.w
Jan. 1H1% Nor. 'WeUa. FaiKO Kxpros
IK'C* Jun<<
.Fan.
A, 4 to 5
(DCs omitted.)
:
'iin»f
1906 101% 102 >« New York—68, loan
18P3 101
1»06 105 107
Nortb Carolina—«8. old
Class B. 58
J*
30
19t)8
95
97
Class C, 48
Fandiuiraot
1900
10
1920 94 100
Curreucy (un(UnK4s
New bonds. JAJ
18931898 15
Chatham RE
Arkansab—68, tiuid. Hoi. 1 899-1000
7
2
5
do. NoD'Holford ISO
190
Special tax. Class I
2% 5
3
7
Consolidated 48
7b. ArknDsas Central KR
1910 99 V| 102
Louisiana— 78, eons
1914 107
68
I919 122
127
Btaui pcd 4s
97% 98 Rhodn Inlnud— 6fi.i-i>u..l893-l8!l4 10 J
1894-1X95 103
2i«
MiRBOuri - Fund
South Carolina— (i8. nou fund. 1^88
3
17, 1892, is
'.
'
SKCUBITIES.
A»k.
;
National I.Um-fMl Oil Co
Niillnniil -r.ir.li Mfu. Co
1
70
titf
2^
30
100: 35
lOO
iM
100 3b% 40
lOO 32%
»0O
10
100: lOH
50 274
100 ....
1!
ie%8«pt.! IMMTUnil oal
26 May Mloneaota Irou
I
t
May
Jaa.
Feb.
.
50>e May
8 June
12
13
36
UX
112% 79% May
J
Jau
6 8«pt
14
8fpt.
Apr.
Jan.
iia% f>4% Jan.
90 Aua.
80
M\'
96
7', J...,
78
Mi%
^
Nov. 60 Miiy
77 >• Feb. 100 Apr.
100 Feb. 113% Apr.
3>4 Mar.
5 Jau.
143i« Jan. 155 AUK.
107% Apr. 113'nl>e4-.
15 May
26 Jau.
latest prloe tbis week.
SECURITIES.
•%
^
7
Jan.
8>4 Apr.
3 June
87 July
10% Apr.
4 May
Mar.
v.t.
4.M
IMI
„
I'
NEW YORK STOC& EXCHAKeE
Alabama— Class
53
120
I
-
8«pt.
8
12
,k WVstern
Northern pref
N. Y
Norfolk A soutluTU
100 61
100
Feorta A Eaxieru
8
P1M8. Ft. Wiiyne &. Clilo«go....l00
WcBiern pf
Pitta. A
SO
100
Rensselnvr & 8arntoKa
100 111
Rome Wat. A 0|i;<1(>n«hur«th
l.ayU.
i\i
5
14
143% Apr.
lao
<
72
7
13% \3\
no
50 98
00 108
100
80
100
100 23
;ll.
25 >«
IH
100
Ki'i'kak .^ Urn Moliiea
100
rrrfiriirt
100
U>iii~v. Kvunsv. Jk8t.L. Cons. 100
Frofiirca
100
<\;
35
lAOif
Oct
9
lines.. ..100
^1
Kau.iw ha
H«i>t.
Jan.
rab.
s
{
IM
.100
14
100
iitriil
30% May
IWVtLU,
11% Aui;.
35% Jill.
1
II'
SO
11%
80
.
Mar.
July
Har.
17% Jan.
H<« Jan.
75
100;
I
1614
ISO
100
noilifo
'
'
a7>«
lirof....lOO
U'
May
Krtii. I«t praf
I
a.->>«Mar.
SO
,ir>t
ISw
lai
.fair
\W
VfsV>.
3ft>«
100'
niniieiMita
M
,
Jau.
86
&8
7
B..-'
Bro.
Bull
...
IM
...loo
II
1'».
to<'
ii«nio...i(>u
I
17
Cr'!
CtMi
IndUntm attna milm.)
OMbM.
l/Mto/M
f\
lirairnra *Tacx«,
Bid.
N.
ion
X)w.as.
IHACTIVM HTOCKd.
M:lh
.
.
.
THB CHRONK^LR
84, 1899. J
II
1
3oS,«
266.«
1,744,1
1,161,7
li),:i81.(
Serinaala.... 330
ureeawtob
ISO
Hanover. ... 38*
.
234.
1,943,
1,014,3
11,636,)<
331,0
>SV,4
4,966,0
1.983,6
en.122.7 »8.879.t 441.801.3 76.996.6 I40.74S.6 449.1l>5.6
^
I
Fifth Ave...
Fifth
First
First N.. 8.
14th Street.
Pooith.
,140
:
IHti. .i.
S. Amer;
Orieolal
•".(UK-.
j:5
Pr.
">
180
Ph.
J..
A
Irving
LrallKT
Psi
ittar 3.15
Marks tAFal 230
302,6
448,1
238,0
806,0
180.0
N
Ra<i. River.. 160
Im. Trad's' 600
Continental
Cora Kxch..
Deposit
Beat Klrer.
11th Ward..
3S8-
\
.
I.lni-nin
6,049,4
3,082,7
6.588.8
3,406,7
4,846.0
l,6iO.O
N.
s
Oermaa Bx..
I
|
I
810
QallatlB..
Oarfleld..
Columbia
c
5i'e,8
083,^
89,8
Ask.
Cil
6,<I67,0
866,'
Bid.
8,408,8
468,1
34l<,'
BANKa
bank stocks this week.
~BANKa~rBld.~Aak. BANKS. BM. Aak
prices of
3,6<'V,6
326,9
7«8,8
883,:
Bank Stock List.— LAtest
120
Msuliattsn..,190
MabaaDiOB'
RapubUc...ll75
- iboam.. 173
S9J
_ MMtd
SavaaU
?8
Marehaais^..
Merch'ta Ex. •so,
MslrepoHa
Ml. Morris
Marray HUl
-laaasa....
New York
..
M* Lathi ISO in
M'«hs^4k'rt«*
MataanttU..
ISO
430
aeo
m
330
Ilalw as.il3S
Soalliom ..107
SlateaC .>.¥., 14
T.ini
107
Si.
1
13S
Tndaam'B'nillf
Ua'd SUte-.iU 335
133
Wesiara
113
w>«ta>ae..l
F
J
.
THE CHRONICLE.
1072
Active Stocks.
& 8. Fe (Boston). 100
"
100
ikOantio & Pao.
Ohio
(Ball. J. 100
33i«
*4
*94
"
100
lit preferred
"
Sd preferred
100
27^
Baltimore Tiac'n.rP/iWJ-.
itBton & Albany Boston) 100 205
"
Boston & Lowell
100 182
"
100 175
Boeton & Maine
"
100 18
Central of Mass.
"
100 47
Preferred
"
100 97%
CJhlo.Bor.&Quln.
76%
Ohio. Mil. & St. P. (PhU.). 100
Olilc. <fcW.Mich.rB<»K(on;.100 *45
•5
"
100
Oleve. <fe Canton
"
16
100
Preferred....
"
100 Sl^a
Fltchburjt pref.
Hunt. & Br. Top. (Phila ). 50
"
Preferred
60
"
50 57i«
Lshlgh Valley
Maine Central (Boston) .100
137
Metropolitan Trac. (Phil) .
MOO
658
94
3414
331s
93%
93
414
»93
171
17i«
97%
•45
9658
76=8
75!>8
47
48
6
16
84i<
40%
*5
*16
84I9
401s
56
575s
104
56
5713
*55%
57»8
'•
Best.
"
"
"
& Montana
BatteA Boston..
Oalnmet &Hecla
Canton Co
Consolidated Gas
1341s 136
1058 11
43 H
43
43
96
971s •94
71
71
71
70
161*
16
47 14 48
183 184
32
32
25 '8 27
104 104
7
'6
37
37V
16=8
47%
435|,
185
54
53''8
•31
61s
185
5373
•31
26ij8
....
2658
25''g
102
37%
57
55
,|276
Delaware .fcBound Br.(P*iJa.).100 160
Fere Marq... (Boston). 100
"
Prefeircd
100
Har.Ports.Mt.Joi&L. (PAi(a.). 80
Flint
<fe
Kan. CyFt.8.&Mem.(iio»lo»).100
Preferred
"
100
"
K. City Mem. &Binn.
100
little Schuylkill
(PhUa.). 60
Manchester & Law.. (Bo«(on). 100
If aryland Central
(Ball.) 50
Itlne HIU & 8. Haven (Phila.). 60
"
WesquehoningVal
60
BTortheruN. H
(Boston). 100
Worth Pennsylvania. (Phila.). 50
Oregon Shoii Line. ..CBoston;. 100
Pennsylvania &N.W. (Phila.) 50
Balland
(JBosto»») 100
Preferred
100
fleaboard & Roanoke. (Baft.) 100
'•
1st preferred
100
West End
(Boston). 80
"
Preferred
50
West Jersey
(Phila.). 50
"
West Jersey & Atlan.
50
Western Maryland..
(Ball.). 50
"
WUm. Col. & Augusta
100
"
Wllmingt'n&Weldon
100
Wisconsin Central... (Boston). 100
"
Preferred
100
Woro'8t.Nash.&Eoch.
"
100
.
1713
81
61a
85
ais
6934
841s
14
14
88
27
Prenchm'u'sBayL'nd
Illinois Steel II
938
10 5 3-16
10
7
25
1258
25 I4I4
4I3
5
26
100
25
liii
Kearsarge Miuing
Morris Canal guar. 4. (PAite.).10O
Preferred giiar. 10.
"
100
Osceola Mining
(Boston). 25
34
Pullman Palace Car..
"
100
Qnlncy Miuing
"
25 140
Tamaracii Miuing....
"
25 155
Thom.Europ.E.WeldV
"
100
United Gas Impt.
(Phil.)
621
1 Unlisted.
,.t
109% 112
•I514
53I3
•SB's
10
17
•228
108
3758
230
371s
229
65e
209
3212
10
'292
>
58>s
•49
11158
H2is
53%
E913
l(i3e
•I514
5314
•58 -3
IOI3
17
17
And aoonied Intere'v.
636
37 'e
4,816
79
1,135
61s
tr. rec.ll
(
Bid.
Boston)
••
.
2i8
100
50
Ask.
8114
Gen. mort., 4 g
1920, A&O
Phila & Read, new 4 g., 1958, J&J
Ist pref. income, 5 g, 1958, Feb 1
2d pref. income, 5 g, 195S, Feb. 1
104
3d pref. Income, 5 g, 1958. Feb. 1
IO3I3
2d, 78
1893, A&O
100
Consol. mort. 7s
1911, J&D
91
Consol. mort. 6 g
1911, J&D
9313
ImprovemeutM. 6 g., 1897, A&O
Con. M.,5 g.,atamped,1922,M&N
95
Phil. Read. &N. E. 43
1942
107
iai'is
—1920
M&N
14%
Atlantic City 1st 5s, g., 1919, M&N
Belvldere Del., 1st, 6s. .1902, J&D
Catawissa, M.,78
10
1900, F&A
Clearfield &Jetr., Ist, 68.1927, J&J
90
Conuectiug, 6s
1900-04, M&S
27%
513 Del. & B'd Br'k, 1st, 78.1905, F&A
Ill
104
18%
201s
Oct.
Jan.
May
125
112
loo's
85
8598
I
75%
68%
75>3
63I4
59
5918
I
127
i'is"
106
ioi"
"751.2
76
Incomes, series A
1952
Incomes, series B
1952
34
Phil. Wilm. & Bait., 4s. 1917, A&O
Pitts. C. & St. L., 7s. ...1900, F&.\ 116"
Po'keepsie Bridge, 6 g.l936, F&A
8chuyl.R.E.Siae,lst5 g.l935, J&D 108
8teuben.&Iud.,l8tm.,53.1914,J&J 107
United N. J.,6g
1894, A&O 102
Warren
& Frank., lsr,78,189ti,F&A
Bonds.— Baltimore.
Atlanta &Charl., 1st 78, 1907, JfeJ
Income 6s
Baltimore
Pitts.
&
&
35
99
1061s
1181s 119
A&O
A&O 106"
g...l925, F&A
1900,
Ohio 4 g., 1935,
Conn., 5
3
3
10
113
104 •
81% Paila.&Eri6gon.M.5g.,1920,A&0 Hi's
1898, F&A
99
102
Staten Islaud, 2d, 5 g.l926, J&J 103
Bal.&OhioS.W.,lst,4iag.l990,J&J 108
CapeF.&Yad.,Sor. A.,6g.l9 16, J&D
90
1916, J&D
83
Series B., 6g
1916. J&D
83
Series C, 6 g
103
'g'i"
90i«
90J
Cent Ohio, 4i3g
1930, M&S
Charl. Col.&Aug. 1st 78.1893, J&J
Ga.Car. &Nor. Ist 5 g..l929. J&J
1900, J&J
North. Ceut. 6s
68
1904, J&J
Series A, 5s
1926, J&J
4ifl8
1925, A&O
Piedm.&CHm.,l8t, 5g.l9ll,
F&A
Pitts. & Councils. Ist 78. 1898, J&J
II2I3 VirgiuiaMid., Ist 6s. ..1906, M&S
1911 M&S
118
2d Series, 63
119
1916, M&S
3d Series, 6s
Series, 3-4-58
1921, M&S
116
4th
1926, M&S
8th Series, 5a
110
7% E'Wton&Am. lstM.,5s.l920,M&N
West Va. C. & P. 1st, 6 g.l911, J&J
Elmir. & Wilm.,l8t,6s.l910, J&J. 119
13
WoFt'E. V.C. Consoi. 6 g.l914, J&J
WUm. Col. & Aug., 6s.. 1910, J&D
141s Hunt. & Br'dTop,Con.58.'95,A&0 101 13
Lehigh Nav. 41S8
10878
HISCBLLANl!:OU8.
6
1914, Q—
2d 68, gold
Baltimore— City Hall 6s 1900, Q—
1897, J&D 109
1900, (J—
73% General mort. 413s, g.l924,Q— 102% i0278 Punding6s
11% Lehigh Valley, 1st 68.. .1898, J&D IIOI4
West Maryl'd EK. 6s. .1902, J&J
1910,M&8 13413
1916, M&N
2d 7s
Water 58
Slonsol. 6
Funding 5s
1916, M&N
1923, J&D 127
1930, J&J
Exchange 3 .is
341s North Penn. 1st, 7s.. ..1896, M&N 110
Gen. M. 78
1903, J&J 128
Virginia (State) 3s, uew.1932, J&J
144
Pennsylvania gen. 68, r..l910, Var 1291s
1900, J&D
Chesapeake Gas, es
Consol. 6s, c
..1910, J&D
158
1905, Var
Consol. Gas, 6s
Consol. 56, r
1939, J&J
1919, Var nils
58
1913, A&O
63
CoUat. Tr. 4isg..
1913, J&D
.Equitable Gas, 68
100
62
Sid. Aak.
Bonds.
Pa. & N. Y. Canal, 7s. . 1906, J&D
3334
Consol. 5s
1939, A&O
Perkiomen, 1st ser., 53.1918, Q—
L. C.,Cou.6s.l920,A&OS it...
1902,
11533 Aug. 25
107ie Aug. 19
2IOI3 Deo. 14
45''8 May 28
1713 Jan. 5
300 Aug. 15
73 Aug. 23
631* Nov. 7
52 Nov. 25
11978 Oct. 7
120 Aug. 10
21 May la
55ifl Feb. 13
.
3338
Jan. 4
Jan. S
Mar. 15
Feb. 18
June 15
3014N0V. 1
Jan. 8 2161s Dec. 21
Jan. 6 186 Nov. 29
Jan. 28 185% Oct. 17
15i4Sept.l7 1914 Oct. 27
33 Jan. 2 48 Oct, 37
9538 Sept. 15 11056 Jan. 28
7558 Dec. 19 8413 Aug. 1
4313NOV. 21 55 Mar. 31
Kov. 17
5
8 Feb. la
16 Dec. 16 23 Jan. 4
80 Sept. 12 92 May 13
25i3Jan. 27 42 Nov. 21
4612 Jan. 21 5713 Nov. 25
50i4.Tan. 13 621s Feb. 11
112 Mar. 14 1371s May 17
83i4Jan. 18 150 Sept. 30
10% Dec. 6 2433 Jan. 4
31 Aug. 25 5814 Mar. 8
75 May 4 11413 Jan. 9
63 July 13 71 Dec. 14
16 Dec. 17 26I3 Jan. 5
4714 Dec. 19 72ifl Jan. 8
16413 Jan. 5 187 May 11
53 Not.
5738 Jan. 3
31 S«iit. 20 40% Mar. 3
Jan. 19 HiH Feb. 11
193u
71 Jan 13 109 Dec. 23
5
Mar. 29
7 Feb. 15
36 Dec. 2 5014 Jan. 4
x223%Mar24 233 Dec. 8
63eDec. 22 1038 Feb. 18
IO714 106 '8 10758 34,470 7858 Jan.
2,050 901s Jan.
98
98
971s
2O8I3 209
2O8I3 208i«
617 192 Mar.
33
31% 3214 3114 31%
3,515 30 Sept.
913 10
10
925
9% 9%
7 July
'292
295 •290 295
4 253
295
Feb.
73i«
73 14 •72
6OI4 Jan.
74
58i«
815 43 Jan,
58% "ssU 58I4 •58
49I!, •19
4914 •4913 49%
1(1
4313 Jan.
111% IIII4IIII4 111 IHI4
6,052 10413 July
11213 112
1
112>s 1121311213
1121a Dec.
15>4 I5I4
15
15
100 I413 Feb.
63 14 53
.ISM,
53
5318
654 481a Jau.
59i«
59
59
•o8is 59
IS 50% Feb.
IOI3 lOi*
lOis
921 10 Doc.
17
1638 1638
16
161s
2,228 16 Dec.
Bonds— Boston. „ ^^^
At.Top.&S.F.100-yr.4g.,1989, J&J
100-year income 5 g., 1989.Sept.
Burl. & Mo. River Excmiit 6», JA-J
1918, J AJ
Non-exempt 08
1910, J&J
Plain 48
Chic. Burl. & Nor. 1 at 5,1926, AAG
1918, JAD
2d mort. 6s
1890, J&D
Debenture 6s
Chic. Burl.&Quincy 48.. 1922, FAA
1919, A&O
lowaDivisiou 43
Chic.&W.Mich. gen. 5s. 1921, J&D
Consol. of Vermout, 5s. 1913, J&J
Current River, Ist, 58. .1927, A&O
Det. Lan8.& Nor'n M. 78. 1907, J&J
Eastern 1st mort. 6 g., 1900, M&S,
Iree.Elk.&M. v., let, 68.1933, A&Oi
Inc. 6s
Rutland, Ist, 6s
474
3,227
52
...
61s
46%
Jan
210
Unstampedlst, 6s. ...1933, A&O
75
K.C. C.& Spring., l8t,5g.,1925,A&0
K 0. F. S. &M.con.6s, 1928, M&N ,100 101
73
K.C. Mem. & Bir., 1st, 58,1927, M&S
64
K.C. St. Jo. & C. B. , 7s . . 1907, J&J
L. Rock & Ft. S., 1st, 78.. 1905, J&J
921s
Loui8.,Ev.&St.L.,lst,6g.l926,A&0 111
1936, A&O
2m., 5— 6 g
1925, A&O
Mar. H. & Ont., 63
1923, J&D ,10113
Exten. 6s
31s
6314' 635e
Mexican Central, 4 g... 1911, J&J
22
24
1st consol. incomes, 3 g, nou-cum.
2d consol. incomes, 3s, non-cum.
10
69 7t N. Y. & N.Eng,, 1st, 7s, 1905, J&J 119 121
1905, J&J 10913
8458
Ist mort. 68
1902, F&A 5 103
62
2d mort. 6s
104
18
2,095
14,400
161,023
109
Highest.
21
5 ''8
8
Jan. 6 100%
Jan. 12 135
Jan. 18 123
106% 108
106
9758 97%
9733
Inactive stocks.
&
50
1,950
3,925
6.110
160
2538 26i,«
2618
108
638
Bonds.— Philadel-)hia
Allegheny Val.,7 3 IO3, 1896, J&J
"
Atlantic Mining
25
City Passenger RR... (Bolt). 25
State Gas
(Bostoji). 60
Huron Mining
50
2d, 5s
75
Centeunial Mining...
Port \Vayne EiectricH
Frankliu Miuing
731s
58I4
50
Ogden.
(Boston). 26
"" '
Boston Land
'
577o
50
89i«
lO"*
I7I8
10
3,288
'31% 321a
73
MISCELLAJ^EOUS.
Bay
10
295
73k
57%
53%
100
450
722
100
22
1638
48 14
184 183
53T3 54
1
,
AUonez Mining
•6
3738
381*
Westing. El.
68
107
7
'228
61s
iim
740
770
94
71
1633
47^8
S2
2658 2511i8
61s
209
33
54
32
38ie
Ask.
22
6a''6
61s
208 13 209
209
3314
33
33>«
33
lOij
10
10
10
290
295
295 295
.
184
373s
23038
fii*
Water Power
Atlanta A Charlotte (£a».).100
Boston & Providence (Boston) 100
Camden (feAtantlopf. (PA j(o.). 60
"
60
Oatawlssa
"
60
iBt preferred
"
60
2d preferred
Oentral Ohio
(.Ball.). 60
"
Sharl. Col. <fe Augusta
100
Connecticut & Pass. (Boston).100
'
Connecticut Klver...
100
9i
•70
May
3^8 Dec.
84
130
116
24,506
15,700
170
8738
1638
481s
184's
323s
5,899 171s
135 199
87 173
1.047 159
...
1638
471a
186
54
"•6
6i»
209
Bid.
130
95
72
1638
4838
48
184
95
7
375>.
2303p 2301s SSOi*
Prices 0/ Dec. 23.
25
25
122
57ie
5713
I6I4
I6I4
53% 54
f.Ea«.;.100 •
731s
"5713
"
100 58
58
(Boston).lOO *49'« 50
•491s
General Electric. "
100 111>4 112
109%
"
Preferred
100
•1514
Idkmson Store 8er. "
60 •1514
Iiehl'hCoal&N.av 'Phil.) 50
53% 53% 53 >s
58I4 59
BT.Eng.Telepboner/fosCn^lOO
•581s
10
lOifl
BTorth American. (Phil.).lOO
10
1718
WestEndLand.. (Bost'n)
17
17
* Bid and asked prices; DO sale was made.
Inactive Stocks.
94
•93
Lowest.
48,595
414
120
10%
lOSg
421s
rle Telephone
33
S7
5733
1211b 12113
I36I4 13613 135 13513
137 138
IOI4 IOI3
lOig 1038
lOis 106^
42I3 4314
4278 431s
421s 4256
5738
5758
10638 107
1041s 10C5p 1055« 10738
96I4 971s
9713 98
9738 9758
100 208
25 33I4
lOia
25
25 •290
9314
321s
...
67%
RIlscellaiieoUH Miocka.
Am.8ng'rRefln.1I (Boston)
"
Preferrea
'9314
I3213
93
131
125
134i« 135
6«b^
33 1-?
Shares.
27I4
27I4 2738
27
2756
27
27\ 27
27
212 212
210>a 2III3 212I4 215 216>s 213 215
'183
1831s 18313 1821s
1821s
171 1711s 170 170
16Sls 170
170 171
172
*17is I8I4 •1713 1814
17
I718
18
16
10
•45
469.
45
45
45
45
47
45
9738
97% 97
97
97% 96i8 96^8 961« 97
76I4 77
75''8 76>4
75% 763e
761s 77
761a
•43
45
4513 "5" 46
43
46
*5
•5
•5
5
'16
•I6I3
16
16
17
161s I6I3
8512 85i«
85% 86
85% SS's
841s 85
841s
40i«
•38
401s
27
210
182>«
175>s
18i«
33
3414
414
Week,
Friday,
Dec. 23.
Dee. 22.
124
124
26% '27
230
331s
Dec. 21.
132>«
27%
.
*6
37i«
SS's
94
"
Preferred
100
72
Horthem Central (Ball.) 50
16>«
16
flTorthem Pacific (Phlla.) . 100
"
100 47% 4S»«
Preferred
(Boston).lOO ISO ISO
Old Colony
Pennsylvania.. (Phila.). 50
53% 54I4
"
PMladel. & Erie.
50 *32
104
3333
Wednesday, Thursday,
Dec. 20.
iH
95
137
Mexican Cenl'C.Uos(o)i)-100 n0»8 11
'•
& N. Eng.
100 42»8 43%
». Y.
"
Phila. AKeartlns
50
PbilailelpUia Trac. "
Bammit Branch (Boston). 50
"
100
Onion Pacific
United Co8.ofN.J.r/'Ai(a.;l00
WestemN. Y.&Pari'Aifa.
Tuesday,
Dec. 19.
SS's
.
<
Sen Telephone..
Range 0fBaleBtBl892.
of the
Monday,
Batnrday,
Dec. 17.
Atoh. T.
&.
rvou Lv.
BOSTON, PHILAOELPHIA ANO BALTIMOBE STOCK BXCHANftES.
Bales
^P* Sliare Prices — not Per Centum Prices.
% Indicate* unlisted
BaUtmore
J
J
104 12
IO414 105
lOOis 101
115%
115
117
112
9713 100
1143a
113
nils 1121*
10534 106
'99" "991*
108
109
115
117>«
i22%
mii
.
Uut pvloe tibia weak.
idjii'iooit
74
73
lOOis'lO?"*
11538 115%
1
110
llll
J
H
3
1
Dkckmbib
THE OHttONlOLE.
S4. 1893. J
NEW TURK STOCK BXGHANeC PRICRH
Ojo^^t uanf
D AKD Miaoau BoiCD^lJyyy
«
Mt T on Ull, dpl>. , H
> WOO
K. - 100 yr..*g.l9H9
W. K..CI. ••A•'..•..1(»^»
1989
l(K>-)i'»r inouiiie, Air
Amcr.
<
AWTiM.
.v.M
2.1 -'S,
AU. *
t'a<..-(Ju«r.
W.l).
4 K....1937
A
A A
Brnckl'n KInvkt'd lHt,6,t(.1924
0»n. f.Hitii.-Ul KU»r.. .S» lUOS J
107^ Jan. lUHJune
Hll^rnli.
85*1 June
112ifb.
83 >4
•itU
58
1>0".
SB Mar
80% Jan.
74 Jan.
67 July
10\b. 10 Aug. 14lt Jan.
115 b. Ill Jan. laovi Hi>|it..
J 106\
105 >• Jan. 110 June
a 101*4
100 Mar. 104 »« F.li.
67'«
07 Bepl. 8S Fob.
S8>e
70
-117 a. US Jan.
'118 b. 118*«Doo.
111>«
109 •• Jan.
llUB
108>« I>ao.
N
94 Jan.
J 110 b. 105>« Jan.
MA
Am.
J
I'OL-lt .V Iiiii..,.")ii....l921
ObM.
i'».
iii<'
l*lo<inK»l.,& g
Om.
*"*»,(?
1939
1992
KAUAOAO A>D
YK.XR
I0M.
aiofng Hant* (§uU*t <n
IMS.
MiaOBL. BOWtf. l-t'
•»
PMgtMo.-M«TlM.ftcl93-<J A J 10." \u. lU24Jan. 100
llMlla*Oal»-ae«.«(..l»27 J a D 1I-. a 112 Kai,. nil
OaawBl mort«Mie.4a...l9:H M A 8 ..1<U'.. ''>!I4 Dro,
,i«Mb.ata. *at.L,-la^7B.l9l3 J a j 127 l»l.. 2(1^ Jma,
10 4 Oct
Ol»a.,ft«.
1028 A A O 10:1
MAN
AJ-
N.T.UeDtm-Bxtend..5a.ia'.):)
190:1 J
lat,eoupon,7B
I>eben.,5*,ooup.. 1884. 11)1)4
N. Y. A narletti-7s, reg 1 tiiK)
K. W. A Ocd.-COD., Ss. 1922:
.M
.M
A
A
.
11)1
I'i'I'h
)'
Nor
Nov. ^o^
.'
1
H
.%
A
UB Jiiiin N.Y.Oblo. ABt.L.-4K...1937 A A
las'* Mur.
N. Y. BJeT»ted-7i
190«'J A
114 June
N. Y. Uok. A W.-lBt.a«..192l J \
114 June
1923 F A
<>>naCmatlon,fta
103 Aug. ,N.Y.I.It.AW.-lst,oon..7g.in-"i M .
I'
N
I
rekk
>
-<
A J 7B<« 70 Jan.
A j{ 78 b. 7&>« Jan.
A J|124 a. IZmJao.
i>ebennir..,.'.(i
1913 MA N 101
100 Nov.
Coii>
1903 M A 8 105
105 Oct.
l>r:
1922 F A A 93>sb 91 >i Keli.
..n,48
Ml'.
lmlOD,4».1927 MAN 84 b S.^MlJco.
b. li-iijjan.
Ohio. .V
111. -lst,«.f.,6«.ll>07 J A O 112
Coii«ol.,(iK
1934 A A O 121 b. liu (n.f.
&.«A.I>lv..l«looD..2-4t(.lU89 J
do Sdaon.,4R...19H9 J
Ohio. Burl. * Q.— Coii..7a.l9UJ J
2dconM>l.,6K
iN. V. O.
1
A
W.-lt.f. 4«,
804 Junn
1S6 Juno
105 >• Apr.
1114 Ja
A
g.. lu;!.: .M
H'.'
.-i,
'4
Mar
84 4 Nov.
.Mar
July
193!iJA D ioe4b. 100 Jan.
g
J.iri.
,tw. -lBtref.,5g.l9J7 J A J •107 a 103
'
N. J.,6g....iei0 A A O •119 a. 1154
I.— lat, 5g...l941
A N lo(i4b. 98
Ciinsol. lat,
N Y.-M^
Auic.
:iJ'J'«
1224 Ang
ioy>« Mar
OoD»nl.,6g
84>« Nov.
Jon*
June
Oct
I
LonR Dock, 7*
I
Aac
*
irj4N.' 111
I
AfK
Jaa»
<
I
O, 112 h., Ill
95
Ol 97 '4
\
A
HI June
AJJUO^b. 109 Bept. 113 June
A 0{I17 a. 1144 Apr. 119 Frb.
MA N,101>« 101 Deo. 107 Apr.
M A 81 80
84> May
'BViOcU
(.uiii.aB..l8i>M J
A
•ScOlilii-Mi>n.,0 K.. 1.41
Oantisi
I
q-M
t«li.<k>V.I<...'.>n.,7«,M'd.lUU0
1912
do. nioriu.iue, As
.Nur.
J
A
1913 M A
»d,.'.i.
Oeiit. (Ill— H A W. liitooD.Aa,"i9
Oentrnlor N. J.-C;onii.,7«.l«9» Q-J
I90a MA N
OODccl., Tk
eeier.t) iiinrtitaK*,
K.. 191)7 J A J
!>
M. Aim FOR
i
\ttr.-
A O 53
•pt.
1U7S
(Contlnn^).-ACrnVB A0.VO9 DKO.
Itat4tf «« 18»a.
1^.23.
Q-F
* J
J
*
1910 J
Irii'.,0i
'
109%
TO'U
."»
.VoT.
Mar
'
M
Sept.
•1
A J, '91 b. 91
<May
A J 92 \b. 904 Au,{. 'JJ Jan.
US Jan. !ua JaoAA J 110
91is All
A O 1124b. 1114 Oct !11S4Mar.
Ills'* .May
A D 100 b. 1064 July 111 Apr.
,12314 July
Conaol. niort.Sg
IBHOJ A D 68 b. 684 Deo. 80% Jan.
Sviifral cougol. liit,5»..1937 MAN l»U>t
Chic. AN.P.— I8t,5g...l940 A A O 73
73 Dec
82 Feb.
97 Jan. 104 Apr.
Chilli fo.v Krlo- Int. 4a g.l982 MA N 101 b. 97>* Jan. il04"e Apr.
North. Pao.AMon.—6g.. .1934 M A 8 85 b. 86 Deo. 103
Feb.
In.ixii,., .Is
1982 Oct'b'r 42 a. 40\ Deo.
53^ Fob.
NorUuPao. Ter. Co.-6g..l93;t'J A J 1U5 b. 101 Oct 10S% Apr.
Ohlc. CiaH
AC— l«t,5K.l937 J A J UO b.| 86 Jan. 944i June UbloAMlas.-Cona.s.r.,7a.l898 J A J 114 a. 111 Jan. 1154 Jun»
Ol»K'. Mil. .tSt.P.— CoD.7».190S J A J 131
a. 125'« Jan. '132>4 June
1898;J A J 114
UO Mar. 115 Jane
Conaol., 7a
Isl, BoiiMiWKSt Ulv., 6R.1909 J A J 115>«b. ii:ji« Jan. 116i« Apr.
106 Jan. |U3 .Nov.
ObtoBouthem- lat, 6 g...l92llJ A D 106
lel.S.i. MIn. UlT., 6(1.... 1910 J A J llOisb. J13I, Jan. 118
60 Mot.
June
General mon., 4 g
192liM A M 60
66 July
iBt.Cb.Al'itc.W.Ulv., Sa.l921 J A J lioifb. 106
Jan. 111 June lOniaba A Bt Loula«-4 g ..1937 J A J 6? b. 624 Apr.
ClUo. A Mo. Ulv. Ulv., 5s. 1926 J A J lU3>«b. loovi Jan. 106 June iOregouImp. Co. fat,6g.l910{J A D 101 b. 894 June 104% Nov.
WlB. A MhiD. Dir., S R..1921 J A J 105 b. 103 Jan. 108
May
614 Dec. 714 Jan.
Consol., 5g
..1939 A A O 61
Xeruilml.S ^
1914 J A J|107
103 Jan jl08\ Aug
Ore.R.ANav Co.- lat,6g.l909'J A J HOW). 108''s Jan. 112 Jon*Qen. M., 4g., series A. ..1089 J A J 91 b. BUU-lttU.
1925,
AD •feOSb. 86 Deo. 96 Feb.
92>sJune
Con»ol..5g
MlJ.ANor.— lst,coii.,Us.l913 J A D112 b. lim Jan. 1117 Aug.
Pa. Co.- 44 g., coupon. ...1921! J AJ-; 1084a. 10S<%Jan. 108^8 Jon*Chlo.AN.W.-Cousul.,7s..l91S IQ-F 137
136 .Nov. 142 Apr.
;Peo. Deo. A Kvanav.- 6 g.
920 J A j' 105 b, '1014 Sept 110 Feb.
ilOO
Ooopon,Kold,7s
1902 'J A D 121
Apr. 108 Jan.
121
Deo. !l27'«May
EvansviUe DW., 6g....l920M A 8
BlnklDg fuDd.es
1929 A A O 113 b.'liii^Sept. 120 Mar.
1926,
AH 67 a, 654 Nov. 71 4 Mar.
2d n>ort,5g
BlckluK rued, 5b
1929 lAA OiluSHib. 105<« May Ill June
Ihlla. A Read.-Gen.,4g.l958 J * J 85%
834 Jan. 90HJIUI*.
91%N.<
1
lOOyear, Sg.l990 J
Wasb. DlT.-l8t,5g.l941 J
<
,
I'ao.— Ist,eoup.,6g.l021 J
ral,2d,ooap.,6 g..19:i3 A
(.iiM'ral, 3d,0<iup.,6 g..19:<7 J
'
I:.
,
'
1
1,.
:
I
I
I
.
1
I
fund debeii., 58. 19:13
SS-year ilelieuture.S... 190»
BlnkliiK-
MAN
Apr.
MAN "106
103'«a.;l03'« May
A A
109
Aug.
lat pref.
Inoome.Sg
19531
1107
.Mar.
2d pref.lnoouie, 6 g
3d uref. income, 5 g
1959
1958
b. n,F,
Kxleusloii, 4s
1926 F
Olio. rw. A Bt. LouIh-5 s. 1 928
Ohio. K.l. A fac— 68,coui). 1917 J
£xl«u8lou ttDd col. ,58. ..1934 J
SO-yeur debent. 58
1931
Clilc. 8t. V. M. AU.— 68....1930 J
MA
A
A
M A
97 ».l 96
B US a.l 96
J 124kb. 121
J
102%
B
90
1004 Jan.
Jan.
Mur
ilOl
|1044MBy
984 Feb.
99'« Sept.
94\
Apr.
126^ June
Jan.
Sept.
A DUSHib. iiauuec. |1244May
OtoTelaodACantoD— 5.. .1917
A Jl 93°-«b.l 88 Jan. 954 June
a C. O. A l.-Conaul., 7 g.l914 •IAD '128 b. i2H%Jan. 135!^ May
General ooDsol.. 6 «
1934 J A J '123 b. iiU>« Jan. 1 23 \ Nov.
aC.C.A8t.I>.— Peo.A K4». 1940 A A Ol 77
83 Feb.
76!W Dec.
Ineoiue, 4e
19U0 April. 26 a.' 26 June 344 Feb.
OoL Coal A Iron— 6 g
19u0 FA A 104 >«
99 May 106 Dec.
OoL Midland— Lou., 4 g...l»40 F A Ai 63-»i
74 Jan.
61 Deo.
OoLH. Val.ATol.-Con..5g. 1931 M A 8 91'sb. 87<«Jau. 98 July
General. 6 g
1904 J A Ul 94 b. 93 Jan. 105 May
Denver A KluG.— l8t,7 g.l90o M A M I16>«b. 115% May 119 Apr.
leloou»ol.,4 e
1936 J A J 86 b. 77% Jan.
87 Dor.
Det. B. Cit> 4 ATiiena-6 g. yi J A J 60 b. 60 Oct.
80 Feb.
Det.Mai'..\!.M.— L'dgranta.l911 A A ol 39's
36 Apr. 44% Oct.
I>al.Bo. bh.A Atl.— 5k
1U37 J A J 101 a. 95 Mur. 105 May
S.Tenr.V AO.-(;on.,5K.iy56 M A Nl 9U b. 90 Mar. 100 Feb.
Kuozville AOblo.tt g...l9'.!5 J A J *102 a. 9U>« June 108 Jan.
KUz. Lei. ABIgHau.-S g.l902 M A 8 97
81
Mar. 110 All),'.
Ft. W. Al>env.C(ty— 6g..l921 J A D| 96 b. OOKj Dec. 105
May
eaLB.ASan Aa.-W.DIv.l8t,5 g. MAN -goisb.' g.'ioe .May 99 Oct.
Han. ABt. Joa.— Ciins.. 68 1911 M A 8 *117 b. 114 Sept 118»8Feb.
Hous.ATex.C— Gen. 48,k.1!)21 A A O 67 b.t 611.J May 684 Sept.
Illinois Ueolral— 4g
1952 A A u 100 b. 96>« Jan. 1021^ Sept.
Il>t.Atit.^o.— lBt,6g.(Ex.)1919 MA N,10d a. 106 Feb. lis
Oct.
Oonv.,6 g.,tr.reo.Kiiupd. 1909 M A 8
73\ July 82 Jan.
lOwaCeutral- lat, 6g
193S J A D] s7 h. 87 Dec. 96 Feb.
KentBoky Central- 4g
1987 J A J| 84 b.' 81 Jan.
86 June
KlngaC'o. Kl.— l8t,6 g
1925 J A J ,102 a.l 97>sFeb. 1024 Jane
B4ia
LMtedeGas— lal.ag
1919 Q— F
80 Mar.
85% Nov.
i«ke£rle A West.— 5 g
1937 J A J 110>« i07>4Jan. '114 June
Ii.Bbore— Cou.cp., lnt,78.1900 J A J 120>9b.'ll9 Sept. 1244 Oct.
Oonaol. coup., 2d, 7a
1903 J A D 121 U.|l21 Dec. 126 May
I<ong lal'd— Isl, oou., 5 g..l931 *i-J lU^a. 113
Apr. 117 Aug.
General uiongage, 4 g..l938 J A D| 94 b.l 91 Jan.
974 Aug.
IiOOlB. A Naeli.— Cou8., .s.1898 A A O 111 b.llO^iOet.
115 Feb.
a.O. A Mob. iBt.bg
1930 J A J 121 b. 1174 Jan. 122 Dec.
do.
2d, 6g
1930 J A J 115:Wa. 108 Jan. 1104 Apr.
eeneTal,6g
1930 J A D 117 a. 115>4Jan. 120 Nov.
ODlfled, 4g
1940 J A Jl 82
78% Jan. 834 Oct.
Ha8li.Fl.A6b.— lat gtd.6g.'37 F A Ai 98 b. 98 Feb. lOl'^a Jnne
liOOls. N.A. ACb.— 1st, 6a. 1910 J A J 114 b. 108''gJan. 11144 Dec.
Oon80l.,6 g
1916 A A O 10U4a. 99 Apr. ll07'«Deo.
lA>DlB. Bt. L. AXexas— 6g.l917 F A A
874 Jan. 100 Aug.
Metro. £l»vated— Ist, 6g.l908 J A J 11S4
1134 Jan. !1204 June
.1
1
I
'
!
1
!
I
9.')
Sd,6a
1899
lUoh. Cent.— let, con., 7a. .1902
1902
Uonsol., 5s
ULI^akeBh. A W.— lat,6g. 1921
MAN*
1054 Jan. 110 Juue
llOUo. 1184 Doc. 1244 Apr.
lOti b. 106
Nov. 1084 Apr.
li.04b.
MAN
MAN -125
MA N
123 Jan.
1929 FA A lOti
1044 Mar.
1990 J A D 794
79 June
Sd 4a,K
454Jaly
1990 F A A 48
'1064 May
Mo.Paomo— lst,oon., S g.l920 M A N
1906
M,7»
1134b. 1124 Jan.
Tte. of Mo.— lat. ex.,4 g. 1938 F A A 99 b.' 96
Nov.
Sxten. A Ini]!., 5 g
U.K. AX.— 1st 4e, g
b.
b.
MAM
t
Mora— " b
" Indicates price Did
;
" ik" yriue asked
;
the
NEW YORK STOCK EXCHANGE
SECURITIES.
Bid.
(Bloek Sxthangt I'riett.)
A'abama Mid.— 1st, g., guar.. 1928
2d, 48, Class B
1989
Atlantic ADan>.— Utg., e9..1817
V. Va.
A Pac.— 2d W. D..gu.6s,.1907
Bolt. A Ohio— iBi. 6b, Park B.1919
AtL
58
18
88
62
!
128
110
83
54%
113
117
100
A Weatem— 4g.l917
!Kiib.AW.P.Ter.-Truat,6g.l8tl7 F
Con. lat A col. trunt 5 g. 19 4 M
IRIoG. Western— l8t. 4 g.. 1939 J
1
8t Jo. A Ur. Island-6g..l925 M
8tL. AU. AX. U.— lBt7e.l894 J
St. U A Iron Mt Ist eit 58.'97 F
1897, M
2d,7g
CatroArk. AXexas, 7g..l897'J
MA
M
B
'
164
1184
1
97
i
874
65
61
834
724
Deo.
37 4
Deo.
Nov. ,119 4
Jan. 1234
Jan. 103
93
Jan.
I
Apr
Jan.
Dec.
77
76»8 Dio.
2UI4
25
90
'109
July
July
1024 Jan.
a.
814b. 77 Jan.
81 Nov.
89
112 b. 110% Jan.
102 %b. 1024 Sept
Sept
Ull
b. 64
92% Sept
98
AN
b. lO'i'a
107 'a
101
li.
102:11b.
Jiuia-
Jan.
Jan.
Aug.
JunoApr.
75
72
97
Nov.
May
Deo.
Sept
67%
IHo.
Jan.
no
854 May
344 Mar,
Nor.
105
1094 Jane<
82% Jun«>
Hay
101
114itJaa»
1104 Feb.
744 Jon.
100
Nov. 112
I'C. 114
June 108
72
73iia.
Jan.
SepV
Apr.
Jon.
834 FeU
774Jan>
117 Oct85 FMv
79 Nov. 87 Feb.
11024 Dec. 107 Apr.
784 Sept 85 Jan.
80
50 J.tD.
34 b. 35 July
1101% Jan. 10S''aJuoa
lot
1034b. 88 Jan. 103 May
1939.
1939 J
n.
b.
764 May
I
I
2361 J
5g.l937 J
\
A
30\
West Un. Tel.—Co!. tir.,S8.1933 J
Wis. Cent Co.~lst. 6 g
1937 J
304
3S%FeSL
10.^%
1927
Inoomn, 5 g
Kange Ismuiteup (rum actual
1937
ealos only.
SECURmES.
A Pitts.- lat, g., 5».
Bid.
1990
B. AO. S. W.. 1st. g., 4 S''... 1990
Monoa. River, l8tg.,g. 3«... 1919
OenVIOblo Reor.— 1st, 44s. 1930
Ak.AOb.Jano.- latg.Ss.gii. 1030
Boat a. Ton. A W.— Deb. 5s. 1013
Brooklyn Elevated— 2d, 3-5s. 1915
Brunswiok A Wn— Ist, g. 4s, 1838
.
I
..
I
Doe.
^1004 Jan 10«4Jaa«
90 Mar. »S4Jime
304t>. 3S June 424 Job.
80
b.
I
,'
off.
*
La^t price this week.
BONDS— DECEMBER
'i3.
BECURITISS.
Ask.
Roob.
1094
rturi
A
Bid.
Pitts.— Oons. Ist. 6a. .1939
Oed.Kap.
A No.— lat, 00.1906
AcoUat
trust, Sa... 1934
Minn.
St. L.— Isl, 78, gn.. 19-27
West.— lat. 7s. ... 1908
Iowa
N., Ist, 6s.li>'20
Oed. Rap. I. F.
Oonsol.
103
105
100
87
I
Coupon
t
104
1104 118
103 1014
964 97>9
A
aA
101
974
118
192S
1134 rtufl. Rooh. ,t Pltti.—Gen., 58.1937 •99% 101
Pons, mort.. iroi 1. ^l^
19M8
Hooh * I'itu. — l»i, 6a
1921 119
Mo pjtoe Friday; Uieee ar« ilia laieat qooMUoui made uus weec
So, gold
01
254
103%
193!)
Y. A Pa.-l8t,
2d mort., 3g., Sao
106% Jan. jlU
b.
68
MAN 115
MAN 77
do
atainped guar. MAN 7W
MAN 1024
Wabash-lat,5g
F A A
West N.
Feb.
864 June
July
10s Sept. 108 4 Mar.
1024b. 101 Feb. 1074 Jon*113 b. 1114 Oct 116 .Mar.
06 a. gStDoc. 102 Mar.
108 b. 1014 Jan. 1084 Jon*
97 June92 b. 89 Feb.
93 b. 91 Jan. 100 Joa*
!05
MAN 111
MAN 108
Debenl. M., series
67
i
AN
2d mortgage, 5 g
804
b.
Feb.
Jan.
Jan.
J 1102% t102»8Doo. 112 Jan.
O 72 a. 704 Nov. 85 Feb.
A 71 b. 71 Dm. 100 Feb.
8 4340. 414 Jane 72% Feb.
83 JuQ
J 79 b. 76% Jan.
Nov. 100 .Mar
H. 93 a. 93
J, •106 b. 105
Sept 108% Jan.
A 10141'. 101 Oct. 10J4 Nov..
N 105%b. 10508 Nov. (109 4 Feb.
D 103 b. 103 Dec. 109 Mar.
804 Mar..
84 b. 82=9 Oof.
N 110 b. 1104 ."^ov. US Apr.
X 110 b. 1104 Nov. iU5 Apr.
So.Car.- Ist 6g.,6xooup.l920'
1909-10 J A J
80. Fac, Aril.- 6g
8o.Paolflc,Cal.-6g....l905-12 A A O
1st, consul., gold. 5 g....l93S A A O
1911 J A J
Bo. Paciao.N. M.-6g
Tenn.C. I. AKy.— Xen.D.,l8t.tig A it O
liirm. Div., 6g
1917 J A J
2000 J A D
Tex. A Pao.— lat, 5 g
2000 March.
2d, luouiue, 5 g
1924 M
Tol. A. A. AN. a.— 6g
1935 J A J
Xol. A Ohio Cent— 5 g
1917 J A J
Peo. A West—Ig
Tol.
Xol. 8UL. A Kon.C- 6g..l916 J A D
UulooPaolflo— 6g
1899 J A J
A 8
Sinking (and. 8a
1893
CoUat trust 44
1918 M
Uold 68, coL trust notes. 1891 F A A
Kan. Poo.-Dea. Dir.-6 g.l899
l8toonsol.,6g
1919
Oregon Short Line— 6 g.. 1922 K A A
Or.S.L-AUfhN.- Con.5g.l919 A A O
U.P.Den.A Gulf con. 5g.l'J39 J A D
1937
Union Elevated-6 g
VlrglniaMld.— Gen. m.,5a, 1936
WeatBbore-Guar., 4s
Jan.
37
1906MA
General mort., 6 g
1931 J A J 1<}9 b.
8t UBo.Wost.- Iat,48,g..l989 MAN 61
1989 J & J 254b.
2d, 4b, g.. Income
B.l'.M.AM.- Dak. Ex., 6 g. 1910 MAN 1104b.
1stcoosOl.,6g
1933 J A J '12(1 b.
reduced to44g...' J A J •102 b
do
MontanaExteUBlon,4 g.l937 J AU 87 b.
Bun A.AAran.P.— Ist,6g.l910 J A J 67 b.
1928 J A J 67 b.
l8t, 6g
8oatlleL.8.AE.— l8tgu.6.193l,F A A 88 a.
6g.,01asBC
May
Oct
Oct
J
33%
794 Aag.
72% July
69 4 Feb.
68
59
83
AO
Uen. B'y Alandgr.,5g..l931 A
BtI..ASanFr.-6g.,Cl.U.I9<iU
July
July
Jan.
A
A
A
A
A
A
A
A
A
A
A
J
Klcb ADanv.-Con.,6g..l9l5 J
(•on8ol..5g
193d A
PHlCES-iContlauei). -INACTIVE
Ask.
Bailroad Bonds.
I
Pittsburg
7.14
Feb.
Feb.
Feb.
A
1921
C.Ohio— X)l. ACIn.M.lBt,44*-l!K«l
lent RR. A Bank. -Col. g.S8.1937
lat,
5«
ChatRomoACol.-Otd
ir
1937
ibo'
1004
904
•i»:(
•804 90
1
THE CHRONICLE.
1074
[Vol. LV.
NEW YORK STOCK EXCHANGE PRICES.—INACTIVE BONDS—rContinuedJ—DECEMBER 23.
SECURITIES.
104%
108%
109%
Land
1900
1918
West. Paclllc— Bonds, 6s.... 1899
No. Eailway (Cal.)— lat, 6s. 1907
1938
SO.year 5s
Clies. & O.— Pur. M. fund, 68.1898
1908
6s, gold, series A
Craig Valley— 1st, g., 5s.. ..1940
grant, 53, g
O. &0. Div., ext.,g. 5s
SECURITIES.
Bid.
£.&T.H.—Sul.Co.Br.l3t,g., 53.1930
Svans. & Indian.— lat, cons. .1926
Plint&P. Marq.—Mort., 6a. ..1920
Istcon. gold, 58
1939
Port Huron— 1 st, 5s
1939
Pla. Ceo &Pen.— Istg. 5s.. ..1918
Pt Worth & R. G.— Ist g., 58. .1928
Gal. Har. &San Ant.— 1st, 63.1910
Gal. H. & 8. A.— 2d mort. 7s . 1905
We.st. Div., 2d 68
1931
Ga. Car. & Nor.— lat, gu. 5a, g 1920
Ga. 80. & Fla.— 1st, g. 68
1927
Grand Rap. & Ind.— Gen. 58. .1921
G. B. W. &8t.P.— l9t6s.reot8.19ll
100
110
118
Ask.
Bid.
Cent, of N. J.— Conr. deb., 6s. 1908
Central Paoiflc— Gold bds, 68, 1895 107%
1896 107%
Gold bonds, 6a
1897 108%
Gold bonds, 63
Ban Joaquin Br., 6s
1900 108%
1939
.
Mort. goldSs
,
.
SECURITIES.
Bid.
North'n Faeiflc—Divid'd scrip ext.
James River Val.— 1st, 63. .. 1936
100
Aak.
Spokane
100
9678 98
100
63
105
104
A
Pal.— 1st, 63
1930
85
A N. P.— Gen., 6s. .1923 119
Helena&RedM'n— lat,g., 6a. 1937
DuluthAManitoba— lst,g.6sl936
Dul.AMan Dak.Div.— Ist6s.l937
St.Paul
Cceurd'Alene— 1st, 63, gold. 1916
Gen. Ist, g., 63
1938
Aati.
86
123
102"
101
107
90
Cent. Washington— l8t,g.,6s.l938
95
NorfolkA West.— General, 0a.l931 123
New River, 1st, 63
111%
1932
1091s
120
115
76% Imp. AE.xt., 6s
1934
104 107
Adjustment M., 7s
1924
38% Equipment, 5s
2d income, trust reels
1908
Warm Spr. Val., Ist, g. 58. .1941
Clinch Val. 1st 53
1957
Ohes. O. & So. West.— Ist 6s, g. 19 11 1051* 1061s Hou8atonic— Cons, gold 5s....l9b7 '114% 115
Roanoke&So.— Ist, gu. 53, g. 1922
71
N. Haven & Derby, Cons.5s..l91? '108%
78
1911
2d, 6s
Scioto Val. A N. E.— lst,43..1990
Hous. &T. C— Waco & N. 73.. 1903 124
SI
Oh.V.--Gen.con.l6t,gu.g,5s.l938
82%
loo's 107
Ohio A Mis.s— '2d consol. 7s... 1911
Ist g., 53 (int. gtd)
103
1893 103 103 >«
Chicago & Alton— Ist, 73
103
Spring.Div.— Ist79
117
1912
1905
Cons. g. 63 (int. gtd)
1903
Sinking fund, 68
112
General 5s
iis'
96
Debent. 63, prin. & int. gtd.1897
1932
Louis. & Mo. River— Ist, 7s.l900
Ohio River RR.— 1st, 53
81
Debent. 49, prin. & int. gtd.1897
1936 •100
1900
2d, 7s
Gen. g.,58
Illinois Central— l9t, g., 48 ...1951 104
1937
St. L. Jaclis. & Chic— lst,7s 1894 104
105
Oregon A Califor.— 1st, 5s, g.l927
l9t, gold, 3%s
95
1951
Mlss.R. Bridge— 1st, 8. f., 69.1912
98
Oreg. Ry A Nav.— Col.tr. g..58.1919
99
Cairo Bridge- 48
1950
Ohio. Burl. <fe Nor.— 1st, 58... .1926 104
76
Pan. Sink.F'd Subsidy— ffs, g. 1910
Springt. Div.— Coup., 69.... 1898 107
1896
DebeuturePs
Penn.-r.C.CASt.L.Cu.g.4%8A1940
Middle Dlv.—Eeg., 58
1921 112
CTilo. Burling. <fe Q.— 5s, 9. f.. 1901 103 14
Do
do
Series B
Iowa Div.— Sink, fund, 58. .1919 105 ifl
C. St. L. &N. O.— Ten. 1., 78.1897 110
P.C.AS.L.-l3t,0.,73
1st, consol., 7s
1900
Sinking fund, 4s
1919 94H 96
1897 110
Pitts. Ft. W. A C— Ist, 7s... 191
BO'S
1907
Plain, 4s
1921
2d, 6a
2d, 7s
1951 115
1912
Chle & Indiana Coal— 1st 58.1936
Gold, 5s, coupon
1021s
120
3d, 7a
Mernp. Div., Istg. 4s
1951
96%
1912 130 132
Chi. Mil. & St, P.— lst,8s,P.D.1898 119
Clev. & P.— Cona., a. fd., 78.1900
Dub. & S. C— 2d Div., 7s ...1891 102%
2d, 7 3-lOs, P. D
1898 12113 1241$
Gen. 4%8, g., "A"
94
1042
1902 '127 129
Ced. Falls & Minn.— Ist, 78. .1907 92
l8t, 7s, $g., R. D
Ch.St.L.AP.— l8t,con.5a,g...l932 110% 114
125
Ind. D. & Spr.- 1st 78, ex. op. 1906 123
let. La Crosse Division, 78.1893 103
St. L. V. A T. H.— lat, 68., 73.1897 •110
Ind.D.&W.-l8t58. g.,tr.reo..l947
iBt, I. <fe M.,78
1897 121 124
2d, 7s
2d, 5s, gold, trust receipts. 1948
1899 '1221a 1251s
1898
iBt, I. & D., 78
In*. M. .'londs, trust receipts
2d. guar., 7s
l8t,C. AM., 78
1898 '10j%
1903 127
Ind. Ills. & Iowa.— 1st, g, 48. 1939
Gd.R.&LExt,— lst,4%a,G.g.l941 101% 102%
l8t, I. & D. Extension, 78. ..1908 129
Peo.&B.-Ind.B.AW.-lst,pf.7s.l900 115
Int.&G.N'n— lst,6a.g.,cou.off.l919
109
Ist, La C. &Dav., 5s
1919 103
Ohio [nd.AW.— l3tpref.53..1938
Kanawha & Mich.—Mort. 48.1990 77
iBt, H. & D., 7a
1910 126 128
Peoria A Pek. Union— lat, 6s .1921
1910 102
Kau. C.Wyan.&N.W.— I3t,5s.l938
iBt, H. & D., 5a
120
2d mortg., 4%s
Chicago & Pacific Div., 6s.. 1910
Kings Co.- F.El.,lst,5,g.,gu.A.1929
90
1921
Pitts. Cleve. A Tol.— 1st, 6s... 1922
Mineral Point Div. 5s
Lake Erie & West.- 2d g., 5a. 1941 104
1910
Pitts. AL. Er.— 2dg. 58, "A".1928
1921 104
L. S. & M. 80.— B.&E.— New 73. '98 113
116
C. & L. Sup. Div., 58
Pitts. Mc.K. A Y.— lat 6s
Pargo & South., 6a, A88U...1924 115
Det. M. &T.— lat, 7a
1906
1932
Pitts. Painsv. A P.— 1st, 5s. ..1916
Inc. couv. sink, fund, 58
1916
Lake Shore— Div. bonds, 7a. 1899 113 117
96%
Pitts. Shen. A L. B.— lst,g.,58. 1940
Dakota &Gt. South., 5s. ...1916
105%
Kal. All. & G. R.— 1st gu. 5s.l938
Mil. &Nor. main line— 68. ..1910
114
Mahon'g Coal RR.— Ist, 53.1934
Pitts. Y'gst'nAA.— 1st, 5s,con.l927
Oillo.AN.W.— 30 year deb. 5s, 1921
105% LehighV.,N.Y.— lat gu.g.4%9.1940 103 104% Pros. A Ariz. Cent.— 1st, 63, g.l916
EBcanaba & L. 8. Ist, 6s
1901 110
Lehigh V.Term.— 1st gu. 5s,g.l941
112
2d income 68
1916
Rich. A Dan V. — Debenture 69. 1927
DesM. & Minn.— 1st, 78
1907 123
1 .Itchf Car.& West.- Ist 63. g. 1916
100
85
•112%
Iowa Midland— 1st, Ss
Longlslaud— 1st, 7s
Equip. M. s. f., g., 5s
1900 123 126
1909
1898
Peninsula— 1st, con v., 7s... 1898
N. Y. & R'way B.— lat, g. 59.1927
Atl. & Char.— 1st, pref., 7s.. 1897
Chic. A Milwaukee— Ist, 7s. 1898 lis
2d mortg., iuo
do.
Income, 6s
1927
22%
1900
1907
Win. &St. P.— 2d, 78
N.Y.&Man. Beach.— 1st, 78, 1897 100
Wash.O.AW.— lst,4s,gu.oy.,1924
il2
Mil. & Mad.— lat, 63
N.Y.B.&M.B.— Ist con. 58,g. 1935
RioGr. June— lat, gu., g., 5s. 1938
1905
104
Ott. C. F. & St. P.— Ist, 5s.- 1909 107
Brookl'n&Montauk— l8t,68. 191
Rio Grande So.— 1st, g., 5s... 1940
80
Northern 111.— 1st, 5s
1910 107
1st, 58
1911
St. Jos. A Gr. Is.— 2d inc
1925
37
Ch.Peo. &8t.L.—Con.lst,g.5s.l939
97
Kan. C. A OmaUa-lat, 5s. .1927
Louis.Evans.&St. L.— Con.58.1939
83
C.R.I.&P.-D.M.& F. D. 1 St 43.1905
75
Louisville ANashvilleSt. L. A. A T.H— 2d pref. 7s. .1894 104% 105
let, 2ifla
1905
Cecil. Branch, 78
'2d m.inc. 7s
1907 107%
1894 101% 102%
Extension, 4a
Dividend bonds
.1905
E. H. ANash.- I8t68, g....l9l9 112% 113
1894
64
Keokuk A Dea M.— Ist, 58. 1923 95
Beilev. A So. 111.— 1st, 88...1896 "111
Pensacola Division, 6s
110
114
1920 109
Ohic.St. P. & Minn.— lat, 68.. .1918
123%
Bellev. A Car.— 1st, 6s
1923
St. Louis Division, Ist, 6s... 1921 116
St. Paul & S.
let, 6s
1919
Chi.8t.L.APad.— Ist,gd.g.5sl917 100
2d, 38
1980
61
•80
Chic. & W. Ind.— 1st, s. f., 6s. 1919
Leb. Branch Exteuaion .. .1893 100
St. Louis So.— Ist, gd. g. 49.1931
General mortgage, 63
1932 116% 117
Nashv. & Decatur— Ist, 78. .1900 114
do
2d income, 59. 1931
72%
114's
Chic. & West Mich.- 5s
1921 *95
8. f.,68.— S. AN. Ala
1032
1910
Car. A Shawt.— l9t g. 4s.
Vin Ham. & D.— Con. s. f., s.1905 121
10-40, gold, 68
1924 100
St. L. AS. F.— 2d68,g.,cl. A. 1000 iio'
2d, gold, 41BS
1937
50year 5s, g
Equip., 7s
1805 100
1937 102
Cin. D. & Ir'n— Ist, gu. 58, g.l941
96% Pens. A At.- 1st, 6s, gold. ..1921 102% 103
1931
General 53
93
Sin. Jack. & Mac— 1st, g., 58.1936
CoUat. trust, Sa, g
1931 •102
1st, trust, gold, 5s
1987
Olev. Ak. & Col.— Eq. & 2d 6s.l930 101
Lou.N.Alb.&Ch.— Gen.m.g.5a.l940
Consol. guar., 49
1990
75
66 "4 67
O.C.C. & St. L., Cairo div.—48, 1939
Lou. N. O. A Tex.— 1st, 4s. ...1934
Kan. City A 8.— l9t, Os, g...l016
Bt.Lou.Dlv.— l8tcol.ts't4s,g. 1990
2d mort, 53
Ft. 8. AV. B.Bg. -Ist, 63...1910
1934
Sprlng.&Col.Div.— lst,g. 43. 1940
Louis. St. L. A Tex.— 2d g, 63. .191
Kansas Midland— l8t, Is, g. 1937
WhiteW.Val.Div.— l8t,g. 48. 1940
Manhattan Ry.— Cons. 4s
90
1990
St. Paul A Duluth— 1st, 58. ...1931
95 100
107%
Cin.Wab.&M.Div.— lst,g.48.1991
92 H
Manito.S. W.Colouiza'n— 5s ,g. 1 931
2d mortgage 5s
1917 103 107
Oln. I. St.L. & C— I8t,g.,4s.l936
95
Memphis A Charl.— 63, gold.. 1924
St. Paul Minn A M.— 1st, 7a. .1909 110%
Consol 6s
1920 1C4
Ist con. Tenn lien, 78
2d mort., 69
1909 117
1»15
Cln.San.&Cl.- Con.l8t,g.58, 1928 106%
Mexican Cent. Consol.— 49, g.l91i
Minneap. Union— l8t, 69
192i
OI.Col. Cin. & Ind.— Ist, 7s,3.f.l899 113% 113%
Ist, eons, income 38, g
Mont. Cen.— 1st, guar., 69. .1037
1939
115%
Oonsol. sink, fund, 73
1914 *128
Mexican National- Ist, g., 6s. 1927
1st guar. g. 5s
1937
103%
Oleve. & Mah. v.— Gold, 59. ..1938 "108
2d, income, 6s, "A"
East. Minn., 1st div. IstSs.lOOs
1917 •40
102
44
Colorado Midland— Ist, g., 68.1936 106 '1 107%
•7
2d, iucome, 69, " B"
San Fran. A N. P.— Ist, g., .5s.l919 •96's
1917
9
OolumbiaA Green.— l8t,68.. 1916
*
Michigan Central— 6s
Houth Caroiina-2d, 6s
1931
1909 115%
2d, 6s
1926
Coupon, 5a
Income, 68
1931
15
1931 II211
Del. Lack. &W.— Mort. 78.... 1907 "iso"
Mortgage 4s
1940
80. Pac. Coast— 1st, guar., 49. 1037
Syra. Biug. & N. Y.— lat, 7S.1906 *128
Mil. L. S.&W.— Conv. deb., 5a. 1907 '106
rer.ER.As'nof St.L.-lst,4%9.1939
97
96
Morris & Essex— Ist, 78
1914 •136
Mich. Div., lat, 6a
Texa9 Central— Ist, 3. f., 73. 190!i
1924
Bonds, 7s
1900 '110
Ashland Division- l9t, 6s 1925
Ist mortgage, 7s
1911
78 of 1871
1901
Incomes
Texas A New Orleans— 1st, 78 .1905
lui'
let, con., guar., 78
1915 •
137
Minn.A St. L.— 1st, g. 7e
Sabine Division, 1st, 6.s
IdiM •106
1927 128
Del. & Hud. Can.— Coupon 78,1894 106
106%
Iowa Extension, 1st, 79
Third Avenue (N.Y).— 1st 58, 193', 112
1909 130 134
Pa. Div., coup., 7s
1917
...191"
2d mortg., 7a
Tol. A. A. A Cad.—6s
»»
1891 108
Albany & Sueq.- l8t,gu.,78 1906
130
Southwe9t Ext.— Ist, 7s
Toledo A. A. A G'd Tr.— g. 6S.1921 •115
.
1910
Ist, cons., guar., 6s
1906 116%
191SJ
Pacific Ext.— Ist, 63
Tol. A. A. & Mt. PI.— 6s
103%
1921 110
Bens. & Sar.— 1st, coup., 78,1021
Impr. & equipment, 69
Tol. A. A. AN. M.— 5s, g
1940
1922
115
90
Djnver City Cable— 1st, 6s... 190b
102% Minn. A Pac— 1st mortg., 58.1930
Ulster A Del. — Ist, con. ,6. ,5s. 192s 102
Denv. & R. G.— Imp.,g., 5s...lS28
82
84
Minn. St.P.AS.S.M— 1st c.g.4s.l93e
Umou Pacific— l9t, 63
1890 107
Duluth & Iron Range— Ist 5s. 1937
100
Mo.K.&T.— K.C.&P., Ist, 4s, g. 1990 •70
1st, 63
1897 109
E. Tenn. Va. & Ga.— lat, 78. 1900 111
Dal. A Waco— Ist, 5s, gu.... 1940
1st, 6s
189r HI
84
86
Divisional 5s
1930 *103
Missouri Pacific — Trust 5s... 19 17
Collateral Truat, 6a
I90s
......
98
89
iBt ext., gold, 58
1937
-"•
Collateral Trust, 59
60
l8tooIl.,59, g
1907 •88
90
192(
80
E<i.&lmp.,g.,58
193s
Kansas Pacifio--l8L 6s, g...l89o •105%
St L. AI. M.-Ark.Br., 1st, 79. 1805 102
Mobile & Birm.— l8t, g., 5a.. 1937
Mobile A Ohio— Ist ext., 69.. .192'.
lat, 63. g
1890 105%
110%
Alabama Central— let 68... 1916 •ICO
St. L. A Cairo— 4s, guar
C.Br. U. P.— F. c 7s
1895 100
193) •75"
Brle-lsi, extended, 7s
1897 113
Morgan's La. A T.— Ist, 6s
Atch. Col. A Pac— 1st, 6s... 1905
1920 112
80
M, extended, 5s
1918 115
Ist, 78
Atch. J. Co. A W.— l3t, 6s... 1905
H2
IDlt 125
127
95
96
102
77
>
.
.
.
C—
. . .
,
. .
. .
•
,
. .
,
3d, extended, 4isa
4th, extended, Ss
5th, extended, 4s
let, con., g., I'd, 7s
Reorg., iBt lien, 6s
B.N. y.
N. Y. L.
Funded
1923
1920 UIO
1928 100
192(j
1908
&E.— 1st, 78
1916
E. & W.— Col. tr.,68.192a
coup., 58
'133%
109
1969
& 8. U.— Mortg. 6s.. ..1908 '100
Jefferson— let, gu. g. 5a
1909
Buff.
Coal&RR.— 6s
Bureka Springs— Ist,
114
102
136
.
89
104
1922
6s. ..1933
T.H.— lst,con8.,6s. 1 921
. .
100
g.,
K vans. &
Mt. WrnoT — 1 St 68
* Ve price Friday; these
.
i9'2H
Nash. Chat. A a%. L.— 2d, 69.. 1901
U.P.Lin. ACol.— l9t,g.,5s. 19ls
80
75
112
New Orleans,A Gulf— 1st, 6s .1920
Oreg.S.L. A U.N.,col.trst.,5s. 19 19 102% 103%
N. O. A. No. E.— Pr. 1., g., 6s.. 1915 109
Utah A North.— 1st, 73
190t
N Y. Cent.—Deb. g. 49
Gold,5s
1920
• •
1905 100
N. J. June— Guar. 1st, 4s... 1986
Utah Southern- Gen., 7s ..190;. 102 105
105
Beech Creek— Ist, gold, 49. 1936 •100% lOl
Excen., 1st, 79
1900 102
78
Osw. A Rome— 2d, 58, g.,gu. 1915 105
108% Valley R'y Co. of O.— Con. 69.1921
Utlca A Bl. Riv. -4.S, g., gu.192'.: 102
Wabash— Uebenture, Ser. A. .1939
N. Y. N. H. AH.-lst,reg.l
1895 •106%
No. Missouri— Ist, 7»
1903
N. Y. A Northern— l9t, g., >: 1927 107%
at.L.K.C.AN.— R.E.AKR.79.1895 •106 >si .....
2d, 43
St. Charles Br'ge— la t.Os.
190s
1927 '67
70
N. Y. Susq. A We9t.— 2d, 4%9.1937
West. Va. C. A Puia.- 1st, 6s. 1911
87
90
Gen. mort., .58, g
Wheel. AL.E.—lRl. os, gold. ..1926
1940 •94 ICO
122
125
N.
'1'
are tae latest quotatioas
lux
made
iv
Mex.— L..it.-l9.<r
this
wask.
].lt)i
i':xc''"-ioii
A
lull), a.,
5s
For Mlacellaaeoaa^ Daltated Mouda—Soe 3d
1:»3U
93%
iiage ureoediQ«.
1
.
UccEMbKK
'ii,
.
..
..
I
THE CHROMCI.K.
1602.1
1C|76
LaUtt
Snuesttnent
RllAll«.
tWL
AMD
1M3.
I
tmi.
jKaxlroad |ntelligjeuce.
The IirvKSTORS' Sdpplkment, a
i.i37{
pamphM
of ISO pagtm
Mnttiiiu extrniied tables of th« Stockt and BotuU of Railroadt, and other Cnmp<inie», icith remarkt and itatUtie* coaaeminy the income. /Inancial atatut, etc., of each Company.
Itia publixhed on the la»t Saturday of every othernumth—
viz.,
1
6.400
III
40,570
83,143
8V,843
03,601
;iDUMC. !"
iriw» THi'i
'J,73S
1,143.530
AJlSKheny Vr).. October. ..
Atoh T.& S. Ki' 2il wkDec.
Keporud
«
2.%7,9«1
70S.357
174.298
35,973
913,638
Sd.9S6
11.250
30.436
1801.
7,'.1I01
n
3.370. 181
•
15.191
05 7J
02..'.OS|
1891.
»
489,015
i,a«3,oa4
84e,»3S
(to
60. :•
15.;.
720
254,882| 3,1S3,091' 2,126,764
877.0M
372.7.58
1.13'>,303
148
37,010
461.625
57,196
13,318
•:-.8
420.1 J
53.931
14,937
2,607
3.087ira
435.392
Ill
.'
.(ill.
Jan. 1 to ZMtsI Dale.
1893.
1.073,2'10
310,711
308,970
16
.37
RAILROAD EARNINGS.
1893.
i,7i3,«a
4^M.1««
-
Kammgi
1,833.586
33,439
:i8
r..-iii
Latest
*,880,6t7
24.7(l.^'
furnished without extra charne to all regular nib$er{ber» of the Chroniclk.
IV General Quotationa of Stocks and Bonds, oeeUpyiny
«te pages of the Chkomclk, are published on the third
taturdajr of each month.
WsikorMo
«47,ltM
0Oa,8«8
8B.«3e
346,717
6.336
300.404
4.748
08.194 4.795,748
ia
Roads.
w.mn
mil.'
January, March, May, July, September and Novtmber,
and
1
i.-.l
,
3.1J2.438
611,495
81,426
l,4eB,M|
1B,3I1,4M
3,713,676
403.834
107.549
17.285
731,925 3."i,729,13ll ."i3.488,l» 12 -Mar.
173.862 ^,0li,0H7 8,247,930 .MeiiU'
31,463
33,618 1.370.282 1,537,593
il,453 2,070,702 1,013,011 IMexi
148.555 146.916 7,509,186 6,996.150
hg«. tot'i!
947,230 46,440,019 43,684.884 iMex. Nuliuual.;2(l wk Dui.
101,810
84.844 4,423,47>< 4,005.0-lS
Atlanta ct h.i
tMexlcanR'wa) Wk Dec.lO
63.727
65.0<i0
510,101
592,01.5
68,368 2,870,184 3,725,833
Atlauta >fc Klni
.Milwaukee A N,ii2il wk Deo.
18.309
86.819
31,870 1,634,59.'' 1,665.980
Atlaiitii iV W I'l.
MInci
119,817
133.723
ber
33.789
283',3!)5
10,280
27i',678
13.062
B.&O.KastUiii's No voiubcr.' 1.594,559 1,590,387 18,149,604 17,549.666 .Minn.
itiier.
213.881
196,147 1.85O.409 1,667,443
WpHtiTii Uii(« Xoveuib4T.I 5S.'5.7.'t3l 5381622 5,708,259i 5,153,172 Mf<t.l3,113.-202 2,425,930
Dec.
77,674
69.699
la
November. 3,150,312 3,119,009 23,857.863 33,702,838 .Mo Kau.A i\\.. .1 wk Dec
216,6T1
204,219 9.332.S76 »,236.168
Hiil.M Smithw. 2(1 wkDec.l
50,309
51,985 3,519,593 2,371.408 .Mo.Pac.Alron.M 2d wk Deo. 516,000 515,000 36,246.000 24,424,400
Baili.t llam'uils October. ..'
6.742
4,453
36,401
22,368 .Mobile* Ohio.. .November. 298,345 327,.588 3,006.996 8,165,970
Blr. cjt AtlaDllo. NovpiulnT.'
3.678
425,015 440,702 4,707,161 4,304,753
4.248
37,870
46,912 Nash.Ch.Ast.L. -Vovembcr
Blr.81i.JkTenii R October. .1
175,183
158,339
24.020
20,820
31.829
27,9«7
200,080
172.513 N Jersey AN Y. July
Brooklyu Klev.iJd wk Dcc.l
127.521
154,140
3,^.616
NewOrl A8o"n.. November.
19.031
37.074 1,797,258 1,685,545
16,290
Buff.Rocb.iPItt 2(1 wk Dec
5 ,727
54,287 3,059,223 2,677,521 N Y.C.4H.R.... November. 1,063.509 4,040,9-!8 41,744,990 40,213,082
Bur.C.Kap. & N |2(1 nk Oec.i
IIO.SO.'S
October .. 2,758,692 3,895,289 26,820,641 25,381,190
93,869 4,133,464 3,680,690 N. Y. I» E
Camden >% Atl.. October ..|
4ti.708
54.446
664,562 078.529 5,301,310 5,211.245
730,238
721,121 N.Y.Pa-AOhio. Seplemb'r,
Canadian Pacittu 2d wk Dec. 43-(,0i
N. Y.AN.Eug
4,539,630 4,619,930
.Septcmb'r.
427,000 :0,386,76e 19,177,282
Car.Cuiii.o&Cb ,Sei)teml)'r.|
41". 886
525,320
474,289
1.373
November.
3,«39
'i8".234
19,040
33.026 N.Y.ANorth^n
Car. Midland
N. Y. Ont. A W
3,311,451 2,9-20,413
Novombcr.i
.--.lOO
2d wk Dec.
64,180
7,370
56,943
58.232
58,984
Central of Ga. .. Septcmb'r.
N.Y Snoq. AW.. October. .. 168,484 159,151 1,445,543 1,377,701
688.S21
Centialof N.J. October. ..11,271,708 1,408,412 11,908.778 11,834.888 Nnrf. ASoutb'n )ctotier, ..
357.111
36,125
Central I'acltlc. October. ..Il,39!»,907 1,673,863 12.434,711 14,103.671 Norfolk A West 2d wk Dec
228,688 195.969 0,433.651 8,706,329
Central ot a c. Septemb'r.
N'tbeasfu iS.C: Scptemb'r.
466,74u
946,009
6,643
3 4,982
44,736
8,728
70,672
73.664
Char.du AChlc. November.
16,(00
712,230 651,679 6.931,665 5.031.603
15.277
135,460
147,682 Norib'nteutral. October. ..
ChailesfnASav. October. ..
23,850,705 23,973,446
Northern I'aolllo
wk Deo 487,065 481,3-23
44.881
56,675
498.365
609.930
CIiar.8um..S: .N'ojNovi'mbor.
Wis. Ct I.lnea. °2d wk Dec.
13282
101,333 114,877 5,558,591 4.9-1,170
1.5.543
135.210
134.020
Cheraw.ADarl..; October. ..
N.P.A w.ccm. 2d wk Dec. 588,397 596,'200 29,409,296 28,944,619
8,843
12.223
65,865
86.666
Cheraw.(t8aliitb .Septcmb'r.
November, 3i7,144 322.211 3,8^3,650 3,839,280
1.517
2,205
13,065
17,481 Ohio A Miss
Cho«.(!kobio..., 2(1 wkDec.
737.032
663.454
liitwk Dec
17.9'25
195,260 IS 9.890 9.133,357 8.886,810 Ohio River
14,255
Chea. o. A .«. \V. 'November. 214,268 201.624 2,047.168 2,136.235 Old.) Southern. .November.
585,629
935,313
60.092
58,6^8
Chic. Bur. it No. Oetijber.
523.684
454.363
243,478 233.139 1,819.871 1.777,683 Omaha AHt.L.. November.
49,996
49,678
Chic. Bur. & Q.. OctolA-r. .. 4.038 453 3,880,730 33.345223 28,286,787 OreKOuImp. Co. Septemb'r,
347,042 426,632 2,935,623 3.104.643
Ohio.* East. 111. 2d wk Dec.
97.386
6,290,883 6.408,160 56,889,63s 59,935,285
68,990 3.i'08,!l89 3.495,5 49 Pennsylvania... Octol)er.
Cbioagodk Erie. October. ..
828,067
819,392
254.775 254.049 2.2!l!i,05'. 2.187,379 Peoria Dec.AEv A wk Deo.
17,916
17,755
Chlc.Mll.A St.P.l2rt wk Dee
454,447
439.799
713.:>72
October. ..
40,506
40,451
712,027 31,692.423 28,207,349 Petersburg
Chic. &N'tbw'n.|Novomber. 2,874 653 !.792,86i 30.109,31)6 26,728,255 Palla. A Erie... October. ..
585,284 550.115 4,385,30j 4,353.173
Chlc.Peo.A8 l.,.(;istwkDpci
27.050
24,848 1,222,972 1,078,813 Phlla.ARead'K. October. .. 2,248;3 19 3,246,919 19,101,568 18.217,334
Chic. R'k I. A P. Novemlter. l,.'i83,i)96 ,559,634 16.962,640 15,359,498
CoalAlronCo. October. .. 2,076,864 2,673,133 17,970,296 17,286,416
Chto.St.P.AK.C. 2.1 wk Dec.
Total both Cos. October
10.^.683
94,413 4.851,366 4,427,698
4,325.083 4,920.052 37.071,s«5 36,502,750
Chlo.at.P.M.AO. October. .. 1,023,1.72 977,373 7,395.429 6.40 1. .504
LehlKh S'alley. 8eptemb'r. 1,580,945 1,611,118
Chlo (k W. Mich. 2d wk Dee.
41,094
36.716
37,155
3,716
3,337
30,741 1.929,379 1,675,943 Pilt.H..Mar.ACh. November.
Cli).Oa.& Ports. Novemfer.
305.127
361.809
5.678
3.5,847
30,165
5,58
64,747
63,404 PUt..Sben..tl...K. November.
Ctn. Jack A Mac. 2d wk Dee.
l:<,03l
49,489
42,194 '2,292,828 2,163,437
16,161
675.418
692,318 Pitts.AWe!*t sy.- 2(1 wk Dec.
Ctn. N. o. A T. P. 2d wk Dec,
78,762
101,664 108.867 1,340,537 1,30-2,915
77,163 4.018.C04 4,131,731 Pitl.Youuu.AA. November.
Ala.Ot South. 2d wk Dec.
169,369
373,339
36.777
22,791
25,206
43,74.> 1,701.339 1,828,199 Pt. RoyalA Au(f. Septcmb'r.
N. Orl. A N. K. 2d wk Doc.
290,487
194,786
33.153
22,121
27,818
34,992 1.249.162 1,153,431 Pt Roy.AW.Car. Septcmb'r.
Ala. A Vlckab. 2(1 wk Deo
74,496
75,016
13,704
13,099
16,830
18.487
642.V08 Pres.AArU Ceu. July
58:',61i'
Ticks. 8b. A P. d wk Dec
248,013
238,499
13.455
22,236
22,953
12,959
530,751
605.107 tjulucy <J A K.V. November.
Erlanger Syt. id wk Dec.
17.".,«-31
947,430 1,107,030 6,986,986 7,705,820
187,326 8,082,874 8,360,676 Kich.A Dan.sys. July
CInu. North w'n.' November.
277.897
Rich. A Pe'ersb. ictober.
297,594
1,627
30.481
27,681
2,1.^3
19,044
19.!>ll
Cln. Ports. A v.. Novembei
283,493
660,993
21,606
15,636
8,892
30,812
337,92^
226.343 RioGr. Soutb'n. 2d wk Dec.
Col. A Mayiiv November.
1.115
44,500
50,300 2,476,905 3,461,500
973
13.025
11,596 Rio Or. West'n. 2.1 wk Deo.
Clev.AkronACo, Isf wk Dec
98,000
114.569
20.276
11.133
8.632
17,840
935,424
882,634 bad.Tascola.vII November.
Clev. Can. A 80. Octolif-r ..
94,432
34,780 1,434,365 1,303,965
33,150
72,432
752.090
602.665 8t I.. A AT. 1 B's 2d wk Deo.
Cl.Cln.th A.S.I.. 2(1 wk I;ec. 261,100 299.316 13.671,886 3,233,211 SC.I,.KiMi'elA8o .lovemi or.
32,337
22,937
3,136
3,207
Pec. A ICasfn. 2d wk Dec.
29,042
113.000 109,200 4,324.8.56 4,301,215
33.792 1,672.622 1,617,403 8t.L.S<iuthw'rn 2d wk Dee.
Clev. A Marietta November,
31,158
29.63.)
305.331
317,355 St. PaulADui'th November. 211,6-23 200,572. 1,93^,382 1,688.479
8-20,728
Col. H.V. ATol. November.
827.641
203,333 290.508 3,072.179 3,003,747 a.Frau.AN.Pac. Isiwk Deo
10,491
11.6)7
C'ol.shawnceAH 2d wk Dec.
8,103
17,10^
6,-i33
670
528
16..572
709.010
579,761 Sandersv.A ten. November.!
Coldsa Al.ake.. Novemt)er.
San Ant. A A. P. November.' 180.793 149.5j5|
2,5(K)
2,0.50
27,626
26.385
4*1 6,338
Conn. River
October. ..
430,481
106, =.50
50,268!
57,131
104,144 1.007,75
92-!,654 Sav. Am. A Mou. t)ct«ber.
Current River.. '.JdwkDec.
2.894
176,101
191.127
2.094
190,215
153,621 Bav.Fla.A West. Aui^Ht
Denv. A Rio Or 2d wk Dec. 177.600 l.')2,800 8.760,812 8.116,301 .Silveiton
113.107
November.
92,957
14.000
13,097!
De». M. No. A W.iNovemter,
Siiiiix City .* No. N'ovciiiber.
404,550
409.034
36,332
5.\768
37,269.
32,241
377.378
306,669
Dp! BilyC ,VAIp November.
181,763
Noveml>er.
23.»t0
21,000
19.984
324,758
395,543 South Hound
Dct.l.uus'L'ANo 2(4 wk Dec.
22,370
20,746 1,198,207 1,195.067 South Carolina.. November.! 122.900 14-2''y69| 1,218,911 1,52-2.376
D(iliith.S..s .v:Atl 2(1 wk Dec.
34.120
31.005 2.1.''>4.982 2,081.294 80. Paeillc Co.—
Dulnth.t Wiiiii.. .'?pptemb'r.
Oal.llar.AS.A October. .
10,149
476,3571 530,660 3,703,049 3.701.895
5.652
89.438
54.297
E.Tenn.Va A<i.T 2dwk Dec, 122.353 133,215
835.177
LouiH'a West. October. ..• 109,598
SOU,* 19
118,231
Klnln.Jol.AEasl November.
MorKau'sI.AT October. ..I 609,067 602.382I 4.260,542 4,383.006
70,909
64.727
774.319
656!445
Kv;iDS AInd'pll... 2d wkDec.
N.Y.T. AMox.lOciober. .1
201,009
187,690
35,8-23
6,849
32.8531
6.762
358,192
338,047
K\ ins.4 RicOi. 2d wk Dec.
Tex. AN. Orl.. 'October.
15.3.106' 178.048 1.373.808 1.357.872
2,758
2.000
VI] ,,.!,.. .V- ,/
Evan.tv. A T. H 2d wk Dec.
i..iouor.
24,325
1.408.868 1.493.091 (. -.1.(1 ,i:< 10.576,401
25.362 1,217,123 1.155.071
Fltchburir
30,971.168
(>ctober.
702.432 674.748 6,258,467 5.870.6.->l
tober.
3.452,083 3.74.^.5li
Flint. AP..Marq 2d WkDec.
11,.")47.567
tober.
51.171
4,860,1'51 5,238.6.".
55.421 2,727.144 2,764,623
Florence
1,967,975
."eptemh'i
2'27,('ll.
3.57U
196,991
.'J.US
26,349
30,800
Ft. W. A Rid Or. November.
r. ..
Sou. Div. (I
43,078
'3,354
786.269 709,874 6,66U.id3 5,637,833
351.463
296.653
Oa.Car'ia * So Septemb r.
Arizona l>i'
..'
-22J.703 1, 639,4 11 1,68', 4 15
27.302
208.841
14.615
163,660
88,167
Ocorsla RR
OctolHT.
-V'ew .Mex.li..
878.046
83;,»24
160,115
r. ..'
98.197 106,594
195,711 1,207,439 1,489,333
aeo.8o.AFIa... November,
99.380
9.876'
80,869
74,992
12,150;
64,579
696.358
684.707 Spar. Uu. A Col. ». inemVr.i
Georgefn A
f^eptemb'r
O»O,I»;0
971,703
2.693
70,948
65,040
3.002
33.464
30.914 Stutflu UL R. T. Novcinber.'
Or.Rap.Alnd... 2(1 wk Dec.
55,195
61.317
StonyCI.A. Mt.. October. ..
3.-279
42,960
2,330
44,674 2.377,211 3,286.368
Cin.R.AKt W. 2(1 wk Dec.
8,938
123,164
0,516
472.769
430.199 Summit Branch. NovemlH^r.
10.S602 l,2i)J.446 l,t7tt.8J3
Other lllle^'. .. 2(1 wk Dec.
9-<5.574
859.4-29
H2,3t>8
Ljkeus Vallev November.
90,278
4.288
3,120
230,514
216,106
' Total all line... -'•I wk Dec.
Tot'll>ulb «'.•- ^ •
56,185
57,610 3.078.729 2,931.674
Wk Dee 1" 411,131 376,392 19,157,370 18.684,414 Teuo. Midlai..
Orand Trunk
Cblc.A (ir. Ti »k I)ee.l7
73.892
85,375 3,.58 1.020 3.651,768 Texas A Pace
Det.Or.U.AM. WkDec. 17
32,019
31.753 1,157,052 1,137,937 TexS.ValAN.^'.
Great Noith'n—
Tol. A. A.AN.U. 3(1 WkDec.
27.3-26
986.878
17,237 1,102..-)
.St. P. M. A .M
Noveu'.l»er. 1.612,105 ,989,116 12,327,899 10,433,403
2sJ,3H4
283.<>J<'|
Tol. Col. A Cln. 4lhwkOcu:
U',(i3.l,
8.598
Knat. ofMlnu tXoveinber
181,315
43 022
36,738 1.930,391 1,776.117
185,656 1,177,102 1.064,168 Tol.AOhioCenIa 3d wk Dec.
Montana Cent .Sovember. 112.029 111,725 1,095.2481 1,170.323 ToLAO.Cen.Kxl Beptomb'r.'
16,831
18.434
.
I,. A Saii !•'.
Col. Mtillan.l
»t.
M wk Dec
wk
-M
n.ii;.
<
..
.
I
1
.
i
AW
I
.
1
.
.
. .
(
.
1
!
.
'
.
I
I
'
.
:
'
,
.
i
,
Wn
U
6
.
THE CHUONICLE.
1076
L atest Eamingt Reported.
WetkorMo
18U2,
1891.
SOAJ>84
&
Tel. P.
West.
2<1
wk
I
Jan. 1
to
Latest Date.
$
Dec.
Tol.8t.L.&K.C. 2d wk Dec.
ToL <& So R»v<in November.
October. ..
Ulster & Del
'
.
VdIoh Paciflo—
Or.S.L.&U.N] October.
Or.Ey & N.C'o. October.
20,020
46,530
2,003
36,693
22,817
46,304
1,896
33,644
The
$
928,745
944,471
2,075,.=.01
24,120
363,482
1st
1,877,292
25,076
332,284
680 6 JO 684, 735
675 519 674, 987
..
ctoiier. .569, 209
600, 731
2dwk Dec,
29,756
35, 157
October. ,. 2,432, 926 2,517, 102
October .. 4,493, 269 4,578, 246
U.Pao.D &«.
Bt.Jo.&Gfl.Isl.
Allotlierlinos.
Tot.U.PSie.
CentBr.&L.L. October.
5,97 2,618 6,306,638
3,913,892 4,701,223
4.833,384 4,732,037
903,529
1,195.226
19,720,52i 18,430,712
35,469,591 34,K87,655
101,,541
1,117,748
068,343
4,682,,787 36,587,3 39 35,556,01)4
55,,150
904,165
58 ,493
2,,745
27,916
2.5.201
4,,594
31,101
35,155
..
139,,695
Tot. cont'led Octooer. .. 4,632, 964
Montana Un October. .
90, 207
2,,353
l,eav. Top. & 8. Octoiier. ..
Man.Al.&Bur. October. ..
4,,540
Juiutty owned October. ..
97,,100
62,,490
966.212
646,852
Grand total. Octoiier. .. 4,681,,514 4,714,,031 37,070.415 35,879,429
17,,490
Tennont Valley October. ..
18,,376
169.641)
158,53
?d wkDec. 262,,0C0 301,,<100 13,523.115 13,179,986
Wabash
October. ..
140,,588
West Jersey
126,,531 1,494.916 1,437.335
96,,612
W.V.Cen.A Pitts November
94,,279 1,003,312 1,016,233
39,,410
Western of A.la. A.iiLnist....
39,,430
303,314
342,839
West. Maryland. Xovember.
85,,000
71 .435
West.N.Y. &Pa isf wk Dec
78,,400
72,,200 3,303l767 3,411,400
WeatVaA Pitts. AiiKUSt
36,,331
23,,583
212,971
110,981
Wheel. & L. Erie 2d wk Dec,
26,,336
23,,937 1,372,16?
1,225,410
61,,565
Wll. Col. & Au^' Scptemu'r
66,,899
58S,09?
678.012
Wrightsv.&Ten. November.
6,,200
5,,890
63,489
73,709
..
.
1
I
• Figures cover only thit part of mlleaso located in South CiroUna.
tEaruings given are on whole Jacicaoavilla 8outhe.i3terQ System.
d Includes earnings from ferries, eta., not givenseparately. J.M.iXicnn
•urrencv.
a Tol. Col. A Cm. included for the week and since Jan. 1 in
both years.
Latest Gross Earnings by Weeks.— The
earnings in the foregoing table are separately
latest
weekly
summed up
as
follows:
For the second week of December the 76 roads below show
1'61 per cent gain in the aggregate.
2rf
meek of December.
Atch.Top.
Fe'^ys.
Louis & Sin Fr. Sys.
Colorado Midland
Bait. <& Ohio Southwest.
Brooklyn Elevated
Buffalo Rocb. A Pitcsb...
Burl. Ced. Kap. & North.
Bt.
1891.
Iticrease.
»
& 8a7i.
1892.
S
$
705,357
174,298
35.973
50,309
38.616
59.727
90,805
Canadian Faeiflo
Chesapeake & Ohio
43.",<)O0
ChlcacoMilw.&St. Paul.
713.97^
105.683
Chicago & East. Illinois..
* Chicago dtlirand Tru uit.
Chicago St. P. & K. City.
Chic. & West Miebigim...
ClD. Jackson & Mackinaw
Oln.N.O. AT.Pac. (5 roads)
Oleve.Cin.Uhii.ASt. L..
Peoria & Eastern
Col. Shawnee & Uockiug.
Current River
Denver &. Kio Orande...
'Detroit Or. Hav. &Mti..
netroit Lausiug & North.
Duluth S. 8.<»e Atlantic...
East Tennessee Va. & Oa.
Evansv. & Indiauaiiolis
Evansv. & Kiclimond
Evansv. & 1\ rru Uautc
ntnt <fe Pere Marnuette..
Qrand Bapids & Indiana.
Cincinnati K.i Ft. W..
.
.
Otherlines
*Grand Irnnk
Canada
of
Intern'l & Ot. KoriU'u...
Iowa Central. ..••.. ......
Kanawha& Michti^an
Kansas City Clm. & spr..
Kan. City Ft. 8. & Mem..
Kansas C. .Hem. & Ulrm.
Keokuk & Western
liake Erie * Western
Long Island
.
Mexican National
^Mexican Railway
Milwaukee & Northern..
Mian. St. P. & S. S. M....
Mo. Kant^aa <?^ lexas
Mo. Pacillc <k Iron Mt
Mew"i:orK Out. & West...
Norfolk dt, Western
Kortheru Paciuc
Wisconsin Central
Peoria Dec. & Evansv...
Pittsburg &\S extern
Eio Oraude southern
Rio Oranue Western...
St. Joseph & Cd. Isiand.
Bt. L. All. A 'J w br'ci, es
&
St. L.
Texas
&
.
Southwestern...
Pacific
Ann A. &. >. a
Toledo & Ohio Central...
Tol.
Aeoi'ii..
Toledo Peor.a
Toledo St. L. & Kan.City.
Wabui'h
Wheeling & Lake Erie ...
..'i
Total (76 roads)
Ret
*
71.,«95
37.15,5
13.031
•261,10:^
29,912
16.572
2.?91
2. (91
177,t,00
152.800
20.374
20,746
$
26538
5.480
1,6 76
l,^42
5,440
3.064
11.000
5.370
28.396
13,153
1,945
21,108
22,370
34,;f20
31.01)5
122.313
6,819
2,758
21,325
54,371
133.215
6,762
2,009
25,262
55,421
4 4,674
42,>i6li
8,938
4 288
404,437
107,583
47,743
0,094
5,03:)
97,751
26,063
8,804
390
b7,421
3 ,9
461,s25
57,156
13.218
3 ,463
118,555
104.810
65,000
36,815
77,674
216,571
516,000
64,180
228,688
48 ,065
101,332
17,916
49,439
1
l.'7,536
44.5'
9,5
3
week of December.
1892.
Previously rep'd (74 r'ds) 8.237,630
Burl. Ced Ran. <fe North.
101,221
Oleve Akron &Coluinba.s
20.276
Kan. City Mem. & Birm
27,882
tMexican Railway
55,233
Otiio River
17.925
San Francisco & No. Pac.
10.491
Western N. Y. & Penn...
78,4.JJ
Total (81 roads)
Net increase (5'lOp.
'
8,519,061
Increase.
*
7,823.467
93,438
17.^40
27.610
71.317
14.255
11,6572.200
8,131,314
For week ending December
D'.create.
«
500,003
91,849
5,78 >i
2,436
272
16,611
"s.efo
"i'le'o
"6,200
521,367
414,747
109,820
3.
Nct-Earuiu^s Monthly to Latest Dates.— The table follovviag shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the Chronicle of December 17.
The next will appear in
the issue of January 21.
dross Earnings
1892.
1891.
.
Roads.
Baltimore <fc
Lines E. O.
9
Ohio-
.
E .b. ..Nov. 1,594.559 1,590,387
Nov. 30. ..18, 149,004 17.540.666
July 1 to Nov. 30... S,80G,29l 8,820,613
555,753
528.622
Lines W.O.R.b.... Nov.
Jan. 1 to Nov. 30... 5,708.25) 5,153,172
'
July 1 to Nov. 30... 2.773,847 2.516.335
Total system. b... Nov. 2,150,312 2,119.009
Jan. 1 to Nov. 30. ..23,8.57,363 22,702.838
Julv 1 to Nov. 30. ..11,580,138 11,336,933
223,460
231,950
Ches. &0. 8. W....b.Oct.
316,410
335,435
Col. n. V. &Tol....bOct,
2,778,817 2,713,210
Jan. 1 to Oct. 31
3 44.905
398,555
L.Erie&We3t'n b ...Oct.
2,943,733 2,631,044
Jan. 1 to Oct. 31
101,554
108,807
Pitts. Youugs.* A.... Nov.
Jan. 1 to Nov. 30... 1,340,537 1,202,915
63.157
76,815
Fran. & N Pac.a Nov.
San
810,2 S7
815,984
Jan. 1 to Nov. 30...
432,899
45 1,735
1 to Nov. 30...
July
123,15 4
Nov.
105, 6J2
Summit Branch
1,176,332
Jan. 1 to Nov. 30
1 ,209, 146
90,278
82,368
Nov.
Lykons Valley
8 59,42 J
935,574
Jan. 1 to -Sov. 30
213,432
187,970
Total bothCo's ..Nov.
Jau. IJo Nov. 30.. 2,195,020 !,036,259
J.in.
Xct Earninfjs.
1392.
l89L
.
*
1 to
Tenn.Coal,!. .feRK.t.Vov.
Fob. 1 to Nov. 30...
455,576
491,620
5,751.516 5,v33,320
2,943.320 3,161,499
97,902
121,986
932,532
865,744
570.579
430,981
553.478
613,.588
6.08 4,047 6,Sl)4,0ti4
3.514,398 3,612,132
91,709
103,581
150.324
159,871
1,283,932 1.283,541
177.383
14 4,497
1,333,170 1. 162.708
32,122
36,597
510.503
469,1)41
20.122
30,489
276,OTO
310,833
187,779
212,124
21,164
1,368
10i,l6l
03,010
def 1,3;
def.2.1.83l
36,352 der.3U,3;;i
2,274
14
141,534
2 i.e.ia
52,70u
69,600
501,500
761, 30J
are after deducting taxes.
are before deducting t vxes.
Bos.semer Division (De Bardcloben Coal & Iron Co.)
in 1892.
i
inclii led
onlf
—
Interest Charges and Siirplris. The following roads, in
addition to their grojs and net earniags given above, also
report charges for interest, &o., with toe surplus or deficit
above or below those charges.
0/ Set Eirns.1892.
1391.
r-lnler'l, rentals, ctc.^. /—lint.
1892.
[10,862
87
749
9 7
1,050
1,714
578
863
Knads.
Lake Erie & Wesfn.Oct.
Jau. I to Oct. 31....
San Fran. & No. Pac. Nov.
July 1 to Nov. 30...
Tenn.Coal, I.&RR.tNov.
Feb. I tj Nov. i)...
1891.
*
$
53,75 4
527,200
17.075
85,412
53.203
532,009
43,097
431,179
17,150
85.919
33,0)9
360,000
.«
123, 6D9
lOl.lOO
731.52*
805,970
3,047
102,367
16,403
23a,30J
13,339
126,175
16,702
2 J 1,50;
12,031
83,113
52 *i91
1891.
o.)
1,624
3,315
1
24,i4tJ
0,336
4,743
98,194
24.705
8,255
67,831
65,721
15,930
429.195
53,931
14,937
33.618
146.916
84,844
68,^68
31,870
69,699
204.219
515,000
56,143
195,96.^
431,323
114,877
17,755
42,191
8.892
50.300
8.222,965
8,093,166
10,
435
800
24,800
23 4
4''0
34,780
109,200
170.101
17,535
33.456
22,817
43,304
801,000
23,987
For week eudlug Decembei
3,130
11,475
33.-07
3,850
392,101)
29,756
33,I5j
113,000
175,728
26,636
41,213
120,020
46,580
262,000
26,336
increase! 1-61 p. o.)
statement for th? first week of December covers
s lows 5.10 per cent gain in the aggregate.
and
a .Net earnings here given
b Net e.arain'^;* here given
11,270
6,414
33,79'^
17.1JI17
Decrease.
446
16.161
137,326
299,316
175.851
6."!,
Louisv Evwiisv. & bt. L..
Louisville .v >ashvillc...
Louisv. N. A. A Chicago.
Louisville St.L.AtTexas.
Memphis & Charleston...
.
1H5.2BO
97,386
731,925
173,852
41.453
•51.985
37,074
51,287
93,863
427,000
139.890
68.990
8i,04H
712,02 7
94.413
30,741
final
81 roads
1b91.
1892.
[Vol. ^v.
4,948
2i2
291
ANNUAL REPORTS.
440
1,363
Leliigli
519
2,441
i,700
21,980
32,630
3,225
1.71a
2,165
1,6 '9
19,966
3,268
4,945
7,9 5
12.352
1,000
7,637
32.719
5,742
13,515
161
7,295
6,614
5,8<0
5,101
1,630
3.5,15.
3,800
5.627
9,101
2,757
Railway.
;
2,7j7
276
39,000
2,349
334,929
129,799
& Hudson River
(For the year ending June 30, 1893.)
This railroad is one of th^conaections of the Philadelphia.
Reading & New England operating the Poughkeepsie Bridge
route. The report says that while ibe earnings sho^y but
a small increase, there has been a material decrea'^e in the
operating expenses, the surplus for the year, §G3,096, showing
the handsome increase of 84-25 per ceat over the surplus of
the preceding year, sufficient to extinguish the deficit of
$61,523 shown in the gene/al balance sheet of 1891.
"Notwithstanding the necessary low rate of freight on certain commodities now handled by reason of this company's
line being part of tbe all-raU route via the Poughteepsie
Bridge, the average rate for the entire toonage of the road for
the past year lias been maintained." * * *
" riie through passenger lines put on during the latter part
of the present year, giving day and night service between
Buston and Washington, has not as yet developed into a paying tratiic. While the night service evidently snows a gradual
in fact,
increase, the day line h is been veiy unsalisfactory
it would geein as though tlie latter line will not develop into
a paying passenger train, owing to the increased distance and
time as t>etween Boston and southwesiern points as compared
with ether lines.'' * * »
" It is evident that during the coming year the business of
the road will be largely increasea, and we will require
additional motive power, not less than seven new locomotives,
* * To reduce the grades, purchase locomotives, construct
additional yard) and sidings will require an expenditure of
205,130
:
:
.
THE CHRONICLE.
DICEMBIBS4, ISM.]
1077
OBMaaAL MALAaca i RaaT.
about $IS5.000, of which at least fSn.OOO o«n be paid oat of
the net Murpltia of iho yo»r,"
Txftftiir
)SBf!SS>\
1
KAHNINOI AMD UrEKilS.
I
Itrul
I>oiiU\
Kaniinai/mm—
1890-01.
taa.*'29
riwMxiiiii'r*
ISSt-Di.
SUU, oxpresn, Ao
-.00).
HuiwIlN
ertv
lifOp-
18,696
$381,703
188,371
Tetal
aotl tsiea
«143,483
9143.433
fl8.t.07ll
Orauge County BR.
1,411
997,B24
13,610
91<B,(!30
9111,143
933,700
9128,179
982,080
Dfduet—
i>u IkiikIs
Tot«l
Surplus
18,ft40
RIo Grande Western Railwajr*
('For the year ending
The remarks of President
June
80,
1893.^
Wm. J.
Palmer, in the annual re|)ort will be found at length on another page Kiving many inteffsting de'ails concprning the years' operations. The balance slioeC June 30, 1S93, and the income account in detail
are nlao given.
The compar.itive tables for three years ending with June 30
have been ompilcd for the Chuoniclb in the usual complete
I'oim as follows :
1^89-00.
Mllps owned
Miles leased
36<
180001.
42s
1801-02.
404
18
and express cars
t'axseiiKvr. mall
Frciv'hl cars
Other furs
18
18
386
67
40
882
89
Total
rx>rom(itives
446
74
S2
M2
70
SO
709
1.126
30
OFEEATIONS AXD FISCAL RESVLTR.
f>prrnHnns-
1880-00.
175,090
22,931,191
2-05 cts.
i.d
,0
.'I'r
15
milengo
Aviiac*^ rate pertou per mile
FreiKlit (ions)
Earninjs—
l«ei-02.
229,003
29,050,703
2?5.«50
33,579,531
$
$
1,067.203
84,021
638,775
1,596,015
111,340
700.001
1,819,8x0
124,010
1,622,233
2,346,130
2,613,024
equipment
226,174
175,114
oxpeusea
600,ii71
399.352
203,172
9i2,523
23.059
107,296
314,161
214,060
790,987
24.415
147,078
1,132,514
1,491.610
489,719
60-81
IKCOMB ACCOUNT.
854.520
63-53
1,733,427
010,407
6S-56
9
471,010
&0
Total cross earnings
Oprntriitff expen»f8
Mainl.ii.inCcof way. *o
—
,M;iliii.n;im'eoi;
ii
iiion
'
.t
1
t.ixcsaudluaurance
1.
1
0,0H1
64,7^
Total
Net earnings
Percent of oper. exp. to earns...
1889-00.
$
Receipts—
Total
90,734,333
Baltimore It Ohio.— President Charles F. Mayer was ananimously re-elected President of the company at the directors' mteling this week,
lie made a statement of the condi-
&
tion of the B.
O. property, Klving the resullH of his recent
inspection of the entire system. He said ho had found the
roadbed, terminals and otiier propt-rty in excellent condition.
Hi- upoko i,f tlie larne developments ni)w under way in the
diflerent deputments and of the improvements in contemplation for the advancement of the company's interests.
He
said the effects of thpse improvements will be important and
for the future operation of the system.
satisfactory
Called Bonds.
28,-.J30
180.150
— Tlie following
bonds have been called for
payment:
CHICAGO BtJRLINOTON & QCINCT, BUHUNOTON & MlSSOUBI
River KR. ln Nkbkaska.— Non-exempt 6 percent, duo July 1,
1918, to be paid at par and interest at office of New F^ngland
Trust Company, 8.5 Devonshire Street, Boston, Ma«s.. on Jan.
interest ceasing Jan.
1.
Eighty-two bonds for $1,000 each, numbers
4.!\75. 4.595, 4,607. 4,672, 4,782, 4,8.36, 4,881, 4.997, 5.125, 5,305,
5,410, 5.420. 5.460. 5.480, 5,487, 5,935, «,042, 6.101. e,-.il8, 0.408,
0,497, 6,560, 6,713, 0,700, 6,832, 6,885, 7,036, 7,045, 7,059, 7.185,
7.238, 7,651, 7,758, 7,804, 7,849, 7,883, 7,923, 8,0.')1. 8,063, 8,005,
H.138, 8.196. 8.232, 8,.530, 8,607, 8,687, 8,736, 8,823, 8,839. 8.845,
8.918, 8.920. 8.955, 9,153. 9,183, 0.190. 9,398, 9,442, 9.448, 9,023,
O.GOa. 9.680. 9.740. 9.701. 9.815. 9.947, 9.982. 10.003. 10.017. 10.137.
lO.UIO. 10.-237. 10.272, 10,308, 10,542, 10,093, 10,704, 10,718, 10,886,
10,099, ll,19t, 11,370.
And
1800-01.
2-20 ots.
2-08 cts.
382,502
560,209
032.2(JS
51,488,010 81,812,208 106,260,227
2-727 ots.
1-054 ots.
1-712 cts.
per mile
iii^ht iiouii luiived
I..
0.4t>H
lud.
96,734,339
3, 1893,
ROAD AND EQCIPMBKT.
>
37,003
.
9180,271
Othorlutcrest
Passencrer
Krplght
Mall, express,
.
GENERAL INVESTMENT NEW3.
0.1U5
9144.843
Total
1
.
'11 lb.
Total
Set carnin«pt
Intcrrrt
ii
]
DO
1S9I-92.
IXCOlta ACCOCKT.
li'uiu
I
$188,070
ISnO-Ol.
Aci'.riU'U Inirrrat
i'rofltand loss
13,171
!
$8ni,:i4'i
SOt.'itltl
10,000;
'.
nice.
Net Mrnlng*
iDOonio
W.
IIM'I.
a6.:<77
DmOper»tiUKezpoa«e*
*'
9ste.4(ii)
„.. S39,3:4
18,003
.'»a«bund*
80,000
13,006
'iiilii.
!
'
rrrlglit
•ok
U''nU9«.:
Earnings, expenses and charges were as given below
eighteen bonds for $600 each, numbers
1.047, 1.007, 1.326. 1,468, 1.479, 1.574. 1.615. 1.663, 1,077, 1,688,
1,701, 1,797, 1.800, 1,974. 2,160, 2.101. 2,255. 2.322.
Canada Sonthern.—The
is
as follows
otBcial statement of this
Nnrw York, Dec. 22, 1893.
of the board of directors held this day a semiannual dividend of 1 3^ per cent out of the earnings for the
six months ending Dec. 31, 1892, and an extra dividend of
one-half per cent out of undivided earnings of 189J ani previous years were declared, payable on the lirst day of February
next.
statement was received from the Michigan Central Riilroad Company (December being estimated), which shows the
following results from the busiaessof the pa.st year :
1392 fE»/.;
1391 (Arri )
Gross earnings of both roads
91.'5.8O0.O0O
915.H;:i.oQO
11,879.000
Oiwrating expenses and tat09
11,108.000
(75-18)
Percentage of earnings
03ii)
At a meeting
A
Net earnings
2,402,000
$4,0^5.000
2.439,000
$1,519,000
91,t:l0,000
1.118.003
1.109,000
9447,000
*.-?,921,00O
Interest and rentals
1800-91.
c^mpiny
:
1391-92.
$
9
Surplus
Net earnings
Utber receipts
489,710
30,963
854,520
2,-.{02
910.497
18.074
Division as per trafllc agreement—
To MlolilgauCeutralRa.Co
Total income
Disb'trHrmC" ts—
RftntalspaUl
620,637
856,782
028,571
9401,000
8,762
393.500
14,400
533,500
25»,300
31.512
500,000
To Can. So. Ry. Co
Adil income from other sources
Adil balance from Income of piev. jears.
31-,!,3-9
2,381
744
Balanre Dec. 31,1892
Less dividend or II4 percent
declared June 28
Less dividend of II4 percent
declared this day
Less extra dividend o( >» per
c't. declared this day
9646,417
5,008
tiiterei-t
on
itebt
Dividends
Miscellaneous
404.643
116,044
Total
Surplus
Lonisrille
CFor
the
St Lonis
806.013
50,769
909.519
19,052
Texas Railway.
year ending June 80, 1893.^
the year 1891-3 has been
sults for the year as follows
INCOMB ACCOUNT.
re-
17,650
-
Total main line
Gross caralngs leased line
I
r
9561,968
44,819
Tot.ll
Lrpeniiea.
n>:<)>ortatlon
M riiive power
M.untenanceof way and oars
Track rentals aud terminals
Ueneral
73,000
450.000
9606,787
.,
9196.417
Chicago Mllwakee
made and shows
9351,505
160.414
23,388
1
'"'
187,500
Balaooe
Earn ingn.
Freight rarulnzs
r;iH-iMi.-'r earnings
JI lil
xprosi revenue
rcveuue
5187,500
St
A report for
Mi>i'(ilaiK'Oua
-.:7.000
218.417
9213.134
39,877
50,493
24.012
23,386
&
St.
Paul.—Vice-President Bond
gives
company, knoivn as
Milwaukee & St. Paul Railway Company La Crosse Div. bonds,
wiU mature January 1, 1893. and will be paid at maturity with
six months' accrued interest thereon, and from that date internotice that the 7 per cent bonds of the
est will cease.
—
Connecticut Klver. As to the purchase of a majority of
company's stock in the Boston & Maine interest, Mr. F. H.
Prince is reported a.4 saying that he and the people whom ha
represents have secured an absolute majority o€ the Connecticut River stock, despite the intimations that come from
this
Springfield to the contrary.
Central
& Sonth .American Tel.— Mexican Telegraph.—Tb«
Central & South Amoricau Telegraph Company has declared
'fhe surplus oa
its usual quarterly dividend of l-?4' per cent,
Oct. 31 was $39'>,8.8B gross earnings for the quarter to Dec.
operating expenses, $73,000 ;
31, partly estimated, ^33,734
net earnings. $160,734 ; dividend payable Jan. 10, $110,890 ;
surplus for the quarter, $->0,844 total surplus Dec. 81, $344,<330, after paying January dividend. The present net revenues of the company are equal to more tlian 8 per cent per
annum on the capital of $8,000,000, including the recently
;
;
Total main line
Operating oxpuusca leased line
9351,804
26,211
Total
9377.016
Net carnlDgs
9229,770
;
Jl
:
THE (CHRONICLE.
1078
authorized increase of $1,500,000, already paid in for the duplicate cable now being sliipped from London.
The directors of the Mexican Telegraph Company have declared a quarterly dividend of 2J£ per cent, payable Jan. 17.
The surplus over the October dividend waa $285,539 earnings
operating expenses, |17,500 income
for last quarter,$91,292
from investments, $7,253 current dividend, 47,815 surplus
for the quarter to Dec. 31, $33,231 repairs, $4,094 ; estimated
net surplus Dec. 31, S314,675.
;
;
;
;
[Vol. LV.
Following is a statement of the business for the jear compared with that of 1891, December, 1892, being partly esti-
mated
;
1892 (Est) 1891 {Actual.)
$15,8(10,000
$15,163,000
11.879,000
11108000
•"»™
-•(75-18
(73-25)
Gross earnings
Operating expenses and taxes
Percent
;
;
—
Chesapeake & Ohio. Advices from London state that the
papers for the organization of th« Chesapeake & Ohio Steamship Company, Limited, have teen signed, and the capital has
The line is in the interest of the Chesaall Deen subscribed.
peake & Ohio Railway Comi any, which owns a majority of
the stock. Contracts have been awarded to builders on the
Clyde for the construction of six steamers.
Mr. Ingallt;, President of the Chesapeake & Ohio Railway,
is quoted as saying that the advantages to the railway company of this line can hardly be over-estimated; The expoit
business from Newport News is even now more than enough
for these steamers, as well as all the tramp steamers that can
be secured. Last year over 120 steamers were loaded by the
Chesapeake & Ohio from that port to Europe.
Cincinnati & Muskingum Valley. Notice has been published that coupon No. 32, for six months' interest due Jan. 1,
1887, on the bonas of this company would be paid at the
banking-house of Winslow, Lanier & Co., after Dec. 10.
Edison Electric. The decision rendered last week by the
United States Circuit Court of Appeals in the suit of the Edison Company against the Sawyer-Mann Company, asking for
an injunction, grants the injunction with the proviso that the
Edison Company must supply lamps on reasonable terms to
all Westinghouse plants installed before the decision of the
Court below sustaining the patent and giving the SawyerMann Company leave to apply to the Court to vacate or modify
the injunction in case of the refusal on the part of the Edison
Company to comply with this proviso in any specific case.
Kentucky Union. At Louisville, Ky., Dec. 20. Judge
Jackson, in the United States Circuit Court rendered a decision in the important case of J. Kennedy Tod and others
against the Kentucky Union Railway Company. Judge Jackson sustained the motion of the plaintiff and the other firstmortgage bondholders for a sale of the road and entered a decree nisi within 120 days. He holds that the second bondholders have no right to complain as they might have anticipated the default on the first mortgage.
KnoxTille Cumberland Gap & Louisville.— At Knoxville,
Tenn., Dec. 20, in tlie U. S. Circuit Court for the Eastern District of Tennessee, Clarence Cary was appointed receiver ot the
Knoxville Cumberland Gap & Louisville. Default was made
on the interest due Dec. 1 on the first mortgage bonds, and
the Central Trust Company, trustees under the first and second
mortgages, brought suit for a receiver. Similar action was
also taken in the courts in Kentucky and Virginia.
Lake Shore & Michigan Southern.— The following is an
official statement issued from the office
—
—
—
:
Net earnings
and rentals
Interest
$3,921,000
2,40J,000
$4,055,000
2,439,000
Sorplus earnings
Proportion to Canada Southera Co
$1,519,000
401,000
$1,616000
Proportion to Micliigan Central
Income from investments
$1,118,000
55,000
1,169,000
59,000
Net income
$1,173,000
Equals per sliare far Micliigan Central
($6-26
Dividenl 2 per cent Aug. 1 1892. $374,764
Dividend 2 p. o. deolaiert tliis day 374,764
Ext. div.
p.c. declared tliis day 281,073-1,030,601
$1,228,000
447,000
($6-86)
.
m
Balance
$143,399
"The contract between the Canada Southern and the Michigan Central made in 1882 was for twenty-one years, providing
for a division of net earnings, 33)^ per cent to the former and
66^3 per cent to the latter, with a provision for re-apportionment at the end of each five years, leaving the last apportionment to run for six years. The first five years expired at the
end of 1887 and no change was made. The next period
expires with the 31st of December, 1893, and a re-apportionment has been agreed upon giving the Canada Southern 40
per cent and the Michigan Central 60 per cent of the first
million dollars ($1,000,000) of net earnings any amount over
that to be divided on the present basis of one-third and twothirds. This addition to the Canada Southern's share amounts
to just J^ per cent per annum on its capital stock."
;
Niagara Falls Power Company.— The first distribution ot
the capital stock of the Niagara Falls Power Company to the
subscribers to the construction fund will be made early in
January. The transfer office is at the office of the company.
The Central Trust Comuany is the registrar
Mills' Building.
of transfers.
Mr. Edward D. Adams is President of the
Cataract Construction Company and Francis Lynda Stetson
First Vice-President.
Ohio & Mississippi.— The Supreme Court ot Ohio has
handed down a decision in the Ohio & Mississippi election
case, confirming the judgment of the Circuit Court and thereby confirming the validity of the vote of the majority shareholders for the election of directors held in October, 1891, on
the Brown, Shipley trust stock. The Court holds that the
trust is valid, and that MoKim, Walsh and Fahnestock were
legally elected directors.
PenusylTania- Cressou Clearfield & New York Short
—The last-named railroad has been sold to and merged
into the Pennsylvania Riilroad Company's system.
The
Line.
property and franchises will be taken possession of by the
Jan. 1 next. This line is thii-ty miles in
length and extends from Uresson, Cambria County, to Irvona,
new owners on
Clearfield County.
New York,
December 22, 1892.
Railway Constrnction in 1892.— The Chicago Raihvau
At a meeting of the board of directors of this company held Age this week has its usual article on railroad construction
this day a semi-annual dividend of 3 per cent upon tiie capital and saye
" It is true that few large lines have been under construcstock was declared, payable at the Treasurer's office on the
first day of February next.
tion, and yet so numerous have been the extensions of old
Following is the statement showing the result of the business roads and the construction of short branches and feeders that
of the year 1892 (December being partly estimated) compared we now find that over 4,000 miles of main track have- in the
:
with 1891
:
1892 fE»t)
$22,450,000
15,820,000
Gross earninprs
OperatiUK expeusea and taxes
Percent
(70-47)
Interest.reutils
anteed stock
$6,630,000
$6,798,711
and dividends on guar3,300,000
tli«
$3,439,460
($6'61)
of dividends at 6 per cent
3,359,251
$3,270,000
Balance to stock
Equals per share
Surplus for
(68-27)
($6'95)
2,967,990
2,967,990
$302,010
year
$471,470
= 4-54 per ct.
= 7 51 per ot.
16'»,711 =2'48 per ct.
169,460 = 4-92 per ot.
Increase in gross oarnines
Increase in expenses
Decrease in net earnings
Decrease in balance to stock
$1,018,614
1,187,325
The gross earnings for the year are the largest in the history
of the company.
Expenses include all expenditures for the
Nothing has been charged to construction or equipsince 1883.
The outlays in 1892 for new buildings,
second track, new sidings, heavier iron bridges and reduction
of grades amounted to |1, 01 5, 000. The funded debt has been
decreased during the year $250,000 by the operation of the
year.
ment
sinking fund.
Maine CentraL
—At the annual
meeting of the Maine CenDec. 21, Archibald A. McLeod, of Philadelphia< George M. Pullman, of Chicago, and Francis W.
Hill, of Exeter, were added to the board of board of directors.
Michigan Central.— The following statement of this com
tral stockholders, held
,jj
pany
aggregate been laid down in the Uniied States during the
year, while grading has been completed and tracklaying is
still in progress on at least 500 miles more, and for many
thousands of mUes more construction has been commenced
or projected."
Netearaings
Amount
1891 (Actual.)
$21,431,386
14.032,675
is official
New
Yoek, Dec.
22, 1892.
At a meeting of the board ot directors of this company,
heJd this day, a semi-annual dividend of 2 per cent upon the
capital stock was declared, payable on the first day of February next, and also an additional dividend of \ii per cent,
rr^ payable at the same time.
*
*
*
"The only States in which no track was laid last year areVermont, Rhode Island, Connecticut, Delaware and Nevada,
but Kansas barely escaped omission by having a single mile
built on a local belt rnad, and Mississippi, in which railway
building has practically been at a standstill for some years,
got in the list on the strength of one line which, although now
doing only a lumber business, is intended to carry general
traffic.
Most of the States, however, have several new lines,
with considerable mileage, those leading in miles built being as
follows: Washington 8 lines, 421 miles; Pennsylvania 40 lines,
lines, 236
257 miles (average only 5% miles each); New York
miles; Michigan lOlines, 220 miles; Texas 11 lines, 211 miles (built
not because railway
to gain or hold competitive country
operation in that State is profitable at present) West Virginia
12 lines, 204 miles; Minnesota 17 lines, 200 lines; Obio 11 lines,
197 miles
Missouri 13 lines, 197 miles. For the whole 289
lines built in the United States this year the average length is
only 14 miles, which is about the average of the previous year,
"Compared with previous years the figures for 1892 show
that the falling off in railway building commenced in 1888still continues. For the past ten years the yearly construction,
according to Poor's Manual, has been as follows
U
;
;
;
:
MtUl.
MUes.
1883
1884..
1885
1886
1887
6,743
3,924
2,984
8.037
12,983
1R88
1889
1890
1891
1892
^OiS
5,696.
5,671
M71
4,062.
Richmond & West Point Terminal.-The summons anil
complaint in the suit of the Richmond & 'West Point Terinmat
Railway & Warehouse Company against the members of the
Georgia Company syndicate was served this week. This suit,.
I
Deckmbfr M,
will'
thp
11
:'
THE
t8S3.|
It
"'.
i!<
New York
nn
ii'-liori t'l
hy willed
Huprenu* Court, inrolvM
"
hoc iitido ai n
of tlio Ktock
•uipiiiiy ivoro tHMivmi'il l>v a nyiiili
i'
:-.--
Hall-
CHRONlOLfc.
iiiohI
'
..
of
ipi-
lo iho Kicliiiionil
rcriniiial Coinpniiy, Home of
tlii>
direi'l.rs of tlv Inst-nnini'd (MrporiMiii at llm liriio of tho mhIi'
'
havinK
<t* of iIh'
tnliMi.i
The
of the transaotion by
mv wi>r« sold to the
t prullt of between
1
llmt "on Oclohpr
ili'fi'miiinl, Ktnaniii'l l,"hiiia[), noting for himiolf
'i'i, 1H8M, ill.
and luviu'iait in the said xyudicnte, n<ldrc!ui«d to the plainlilT
a pro(Mi!iul for the »ile to it of the entire 120,0<X)Hhitre!<of capital titoi'k of the (ie.>ri;la Company at 93.5 per share, makiax a
Thereupon those members of tho
total priee of 9t.JOO.(iOO.
plaintitr'M lioard of directoni who were present at a meelinftof
the board lipecially convened on said day, without reference
to a coaiiniil e or any invcMtJKation, adopted a resolution ac-
ifviewH
('•
111 It II
RIO
GRANDE WESTERN RAILWAY CO.
ANNUAL
TMK ST JCKIiOLDKHS FOR THE
YEAR KNUING JUNK 3o, 1808,
RKl'OItrTO
III
which III.
s of the () or
Richmoii'l Ti'riiiiiml ('omiMiiiv
three ami ii'iir million dolliirH.
•
Kevovtt sua Hoctimeiita.
m)1(1
!
107»
;
m
;<
New YOEK. NoTwnb«r Ut. 18M.
To the Sloekholdtrt of th4 Rio Orande i^etletn Railwan
Company,
OroM Samlngii for the Ysar ending Jnna 30tb,
«3,A43,92461
1892, were ...
(An Inoreaae over the pravlou* year of la'BO per oanl.)
Tlie
Operating KxpeniiM
(
an InorMMA of 1 8 'OS per
1,668336 4S
cent.)
Net Earnings
••7a,&88 0«
(An Inoreaae of 8'88 per cent.)
cepting siioii projiosal, and then an.l ther«( appointed a committee of four de^ifniated directerif with full power to arrange
DBOIICT riXBO CHAROM.
the defaiN of and to conAiimniate audi purchase of stock." Taxes, Imnmnsn, rental*, local pool settleinuiii
.'Ht nn honilH
$662,212 38
iimmitioe 8ub!.e<]uenliy purchased from tho
Thi'
I,e»«
'Ivi'd on the nccurltluii of
"> of tho C)eor>;ia('o.'-i collateral trust bondi".
syn
..'.4, nnil sundry Item*
oilii't
18,073 A8
"tUv (ii.i..... ....lefore chargos that "the said combinalion
644.138 80
and plan ho formed by and lietweeii its President and
leaving profit for the year. rab)ect to dlvUlon
9381.430 28
divers of its directors, confederating with the other syndicate
defendants for the purpose of selling their unsalable and dis- Four qimriiTly 'llyMciKls liave l>een paid on tlu $6,290,iiiiii of frefi'mil Htiiek, mitklng tue full ainouDtof 8
credited securities to the plaiiititT at such prices as yielded
p.T cunt i»ir itiiiiuiu for whleb It has the preferenee.
enormous prodt and necessirily imposed on plaintiff
them un
iiuuiuutiiiK t.i
$312,398 75
heavy yearly loss, wiis contrary to equity and good con- Anil there riiin.ilns for the year's rbowing, to the net
a
19,0.M 68
credit of Income
science, and that the pretended contract dated Oct. 26, 1888.
Which, added to the aurplusattho beKinnlngnf the year,
and the supplementary imper dated Nov. 30, 1868, and all the
leu olalms and damage suits paid on thi' husinesa of
previous years, leaves a net credit to prollt and loss, or
acts done ill pretended purchase of the stook.s and bonds of
206,49193
tfuriitu*. on June 30th, 1892, of
said Ueor^ia Company from the syndicate defendants, and
the taking from the assets and money of plaintiff of over
The average mileage operated has been 481*16 miles, agaiiut
••
•
»
•
•
•
"to 407 the previous year. The length of line operated on July
$7,000,000 cash
put into the pockets of the said faithless directors, the syndi- 1st, 1892, was 501*01 miles, besides 3*9 miles completed but not
cate, defendants, and their confederates, were all acts yet opened.
The length of completed line at this date ia
planned, done, and performed by said Inman, or under his 513*38 milea. besides 11*3 miles of tramway, of which 7*8 conairection, in the execution of such original fraudulent nect with the Alta mines up the Little Cottonwool, and 8^
syndicate .scheme, combination, purpose and confederacy, and miles with the mines up the Bingham Canyon. The entire
all the pretended contracts, purchases and deliveries of stocks line at this date, Nov. 1st, is 524 *6S miles.
and twnds thereunder were, and are, without due authority
$9,494 90
The OrossEnrnlOKS per mile were
of the plaintiff, whollv beyond its corporate capacity and pro- The Operating Expenses per mile were
3.467 33
hibited and fraudulent both in law and fact, and that under
$2,027 98
And the Net Earnings per mile ware
such circumstances the receipt and appropriation of over
$7,000,000 of the money and asset-i of plainiiff by the defendThe expenses have been at the rate of 63*1 per cent of the
ant directors and a.ssociates in tuch combination and syndi- earnings, as against 61*8 per cunt last year, or, after deducting
justifies a taxes and insur ince, 6.')*56 per cent this year, as compued
cate was a wrongful diversion of trust funds which
court of equity in declaring the whole transaction fraudulent with 63*58 per cent last year.
and void, and decreeing full re-payment by the syndicate de682,288 tons paying freight were hauled, a gain of 11 per
fendants of all the trust funds so misappropriated, and interest cent over the previous year, and 275,850 paying paa<en?ers, a
warranting the court to hold the syn.licate de- gain of 20*14 per cent. The tonnage was hauled 169 mile^, aa
thereon, and
fendants liable to fully account for such breach of trust and against 148*7 miles and the average receipt therefrom was
to make full equitaole conopensation therefor."
1*718 cents, in comparison with 1*951 cents per ton per mile
In conclusion the plaintiff prays that the court will decree the previous year. The passenijers wer.; hauled an average
"that the said pretended contract, dated Oct. 26, 1888, was distance of 121 miles, as against 126 miles, and the average
not and is not in any way bindini; upon the plaintiff or its receipt therefrom was 208 cents per mile, in comparison with
receiver, but that the same was executed in the name of the 2*2 cents the previous year.
plaintiff without any lawful authority in the special committee
Of the entire earnings from freight and passengers, the
which signed the same, and was a contract wholly beyond the " Trans-Continental" earnings were 20-71 per cent, as against
corporate capacity of the complainant to execute and perform, 15*38 per cent, and the "through" eirnings, including *'Tran»and is prohibited and void."
Continental." were 25*58 per cent of the whole, in c.>mparison
The answer of the defendants will be awaited with much with 20*4 per cent last year. The purely local earnings from
Interest and when made public the substantial parts will be business originating at and terminating on our own line were
quoted in the Chronicle. Messrs. Joseph H. Choate and 40*22 per cent, as against 44-68 per cent last year. The earnJohn E. Parsons are retained as counsel lor the defendant.
ings from all bu-iiness originating at or destined to points in
74*42 per cent,
Union Pacific— The vacancies in the Union Paicific Board Utah, including the ab<>ve purely local, were
79*6 per cent last year.
caused by the dsaths of Messrs. Jay Gould and Si.lney Dillon as against
The freight originating at or destined to points in Utah
were filled at a recent meeting of the directors by the election
furnished 82*29 per cent of the entire tonnage, as against 89*6
of Messrs. Ge jrge Gould and Sidney Dillon Ripley.
per cent last year.
Wall Paper. The National Wall Paper Company filed on
The passengers originating at or destined to points in Utah
December 16 a certificate of the increase of its capital from furnished aiiout 78*19 per cent, against 76*48 per cent, and
$14,000,000 to $80,000,000. The capital is divided into 300,000 yielded 585 per cent of the total pasiaenger eammgs, as against
shares.
60*5 per cent last year.
Wisconsin Central Company and Wisconsin Central BailAs will be seen from the classified list of commodities hauled
The follosying is a consolidated statement of income [on page 46 of pamphlet report], the principal traffic of the
road.
account for four mouths ending October 31, 1892
line continues to be coal, coke and charcoal, of which we car$504,479
Net Northern Pacific rental
ried 226,446 tons, next in rank to which came preci.ius ores
134,817
Inoome from apciiritles
and bullion, 101.778 tons. Although there was a falling off
4,512
UlscellaneouB Income
of 41,087 tons of coal, coke and charcoal, and of $70,839 in
$648,809 revenue from the same as compared with la-t year, these
Total Income....,
$357,332
Interest on bourls
commodities still yield 86 per cent of the totjd tonnage of the
12,420
Interest on dehnntiircB of leased llnea
38.031 tons
line and 28 per cent of the total freight revenue
4,686
Interest, eorhMUKeaud coniaiisslonR
of sugar were carried, chiefly from the Pacific, 20.965 tons of
120,276
Engine antl oar rentals and truokase
Oeneral axpenses including «Ia oparstlng acfruits aud vegetables and over 35.500 tons of wood and lum2fl,082
count* before leaee)
ber, which iiicludid many posts for the miuing operations.
The revenue from general merchandise increaiaed atmut S
623.796
Total charges
per cent. Precious ores and bullion show a (tain of 41*67 per
$120,0<3 cent,
Surplus for fourmonths ending Ootolier 31
or 39,986 tons, and in earnings of $S0.205 over last year ;
2a«,12tl
Addiiirplus June 30, 1U92
these coramodiiies constituting ne.irly one-sixth of the entire
$348,142 tonnage and yielding 12 3 5 per cent of the total freight
Total Durplna October 31, 1892
The total mileage of both companies is 671*76 miles, and this revenue.
In general terms, it may be said that as regards the total
is the mileage which is covered by the securities of the Wistrade
consin ( intral Company. The leasee's published statements returns from freight and passengers, the strictly local
into and out of
entitled " Wiscom-in (Jentral" earnings, etc., are misleading, shows a slight increase, the business carried
through busithat the
since they include the operation of other leased lines and cer- Utah has increased more largely, and
still larger intain properties not within the Northern Pacific lease of ness (including the Trans-Continental) shows a
crease, the Trans-Continental revenue showing the largest inApril
1890.
.
I
—
—
:
;
i
1,
:
THE CHRONICI-E.
1080
all, being 51'69 per cent more than that of last year,
tonnage wnp. more than doubled.
the 1ft day of January, 1893, the Rio Grande Western
crease of
while
On
its
Railway Company entered, into possession of the constructed
portion of the Tintic Range Railway from Springville, a point
on our main line 87 miles south of Oi;den, westerly to the Tintic mines, a distance at that time of absut 40 miles, and has
been operating the same with extepsions and spurs, f-in.;e
built, amounting now to about 52 miles in all, under a lease
which provides a suitable division of earnings with the main
The Rio Grande Western Railway
line and other branches.
Companv has also acquired, on the terms set forth in the circular issued to srockholders on April 21st. 1892, all the issued
securities of the first 50 miles of that Railway, aggregatiug
$2,500,000 in full value, to wic
51,250,000 First Mortgage Gold Bonds,
Preferred Stock, and
Common Stock,
and has paid therefor 25,000 shares, or §2,500.000, in its own
Common Stock. A special meeting duly called of the holders
of the Preferred and Common Stock of the Company was held
in Salt Lake on April 29th last, eight-tenths of the total sl:ock
being there represented, at which the Common Stfxik was increased by 35,000 shares for the above purpose, making a total
authorization of §10,000,000 Common Stock from and since
5(10,000
750,000
that date.
The favorable expectiiions formed and laid before the stockholders in the circul*!- of April last, inspired by the good earnings of the first six months of the fiscal year and the opening
of the new line to the I'intio Range in January, have not been
fully realized. Trade inUtih and throughout the far Wpst
has been very dull during this period, and little or no building
has gone on in Salt Lake or other towns ot Utah. The fall in
silver has restricted mining activity; and the cutting of rates
has hem carried on unchecked by traffic agreements or the
law of Congress.
good many of the mines in the Tintic Range district reduced or stopped their output for various reasons, some of
which may shortly cease, as in the case of those driving tunnels or doing other extensive dead work.
Instead of 80,000 tens of silver ore being produced in the
Tintic Range, as was the case last year, it is not expected that
the present calendar year 1892 will show a yield of much
over 30,000 tons. It is a consolation, in face ot this fact, to
realize that this branch, which it will be remembered was
acquired without any increase, either in fixed or preferred
stock charges, but by an issue of common stock, has not
proved a drag upon the Company, but that, as shown in one
of the Auditor's tables [on page 40 of pamphlet r^port] the
net earnings of the Rio Grande Western Railway are larger
than they otherwise would have been for the six months
since January 1st, during which it has been operated for an
average distance of 39*7 miles, by the estimated sum of $43,693 50, which is equivalent to
f. c. per an. on the $3,500,000
common capital stock issued in payment for the new line.
From these results, and from those for the first full year's
operation of the branch previously built from Manti to Salina
(a distance of 26 miles, through the great Sevier Valley, an
agricultural country), which the Auditor estimates to have
added $40,000 to thie net earnings of the whole line for the
fiscal year, or at the rate of over eleven per cent on the par of
the Preferred Stock, which was issued to shareholders at 65 in
payment for the line, it would appear that the building of
these two branches (in addition to their strategic value) has
certainly been dictated by a sound financial policy.
No branches or extensions for the coming year are now
A
m
contemplated.
There has been spent on the whole line for new rolling stock
and other additions to the property ("betterments''), the sum
of $383,135 44, of which $110,131 was derived from the sale of
old rails and narrow-gauge equipment. A list of rolling stock
and of these betterments in detail is shown on pages 28 and
30 of this report [pamphlet]. The new equipment is largely
to provide for ttie anticipated heavy traffic of the Exposition
year, and the betterments have been judiciously made, and
have largely increased the earning capacity of the line. As
shon'n by the Auditor, the total outlay for this purpose and for
additional equipment up to June 30, 1892, for which no issue
of capital has yet been made, amounted to $430,555 03.
To meet this expenditure, it has not been thought expedient
to draw upon the $2,000,000 bonds in the treasury, and the
amount was too small to warrant its discharge by offering to
stockholders a portion of the $1,250,000 preferred stock authorized and in the company's reserve. To avoid making a further capital issue therefore the board deemed it in every way
better to borrow $400,000, which was readily done at 5 per
cent per annum for 13 months fixed. Wnen the accumulation for such additions to the property becomes large enough
to warrant it, a capital issue will be made for such amount as
the surplus fund referred to below shall not have meanwhile
discharged or materially reduced. The amount now to the
credit of that fund is more than absorbed by the materials
and supplies on hand.
On March 19ih last the Board passed the following preambles and resolutions, which will govern the policy of the
Company in regard to future betterments
:
Whereas. The business of tills Cempany has developed very rapidly,
andbyreasn n the recent opening of t ho Tintic Range Railway ComSiny to the important miDing district of Tintic, a further considerable
icrease of trafBo is reagonably anticipated, whloh may soon enable
toe Comiiany to how a not surplus of earmngs beyoucf the divideuds
upon tbe preferred stock.
[Vol.
LV
Befolted, That It is the judinnent of this Board that the time has
arrived for tbe adoption ol a definite policy rotfarding the disposition
of the surplus earuinffs beyond the sum required for dividends upon
the freferrert Capital Stock; and.
WiiKRKAS, The rapid development of traffic In a new country calls for
constant and liberal outlays to provide addition»l facilities and other
betterments to the property, which, if prompilj and Judiciously made,
result in the future anil permanent eoliancement iuvalue of the securities of the Company.
Resolved, That, In the judgrneit of this Board of Directors, a due consideration of all the interests involved will be shown hy the setting
apait of one half of such euriilua net earnings, leyond the requirements for Preferred Stock dividends, as a Betterment and Surplus
Fund, and the division of the remaining one-half among the Coiiiiuon
Stockholders in recular cash dividends.
Kesohed, That the proposed policy in respect to dividends to the
Common Stockholders shall operate for the year beginning July Ist.
1892, and that the b.ilance that may be found at credit of protlt and
loss on Juno 30th. 1892. should be then carried to the credit of the said
"Betterment and Surplus Fund."
'
'
The operating expenses for the year continue to show tbe
effect of exceptionally large outlays upon the maintenance of
the roadway and its branches and their structures, which
amounted to nearly one-fourth of the total expenses. It will
be seen from the Auditor's tables that there was an increased
outlay of over 20 per cent in the maintenance of roadway,
and of over 58 per cent in the maintenance of bridges and
buildings. The Company wUI, however, in the new fiscal year,
get tbe benefit of this liberality and the operating expenses
from now on will be less than they would otherwise have
been except for these expenditures and the sum laid out in
betterments. Had there been only the same outlay on the
maintenance of roadway and structures as was made in the
previous fiscal year, the surplus income from the year's operations, over and above fixed charges snd dividends, would
have been increased to about $104,000. The cost of maintenance includes 216,819 new cross ties put into track during
the year. There was an increase in passenger train mileage
of 19 per cent and in freight and mixed trains of 17 per cent
over the previous year. The increased cost of maintenance of
rolling stock is due somewhat to the increased speed of trains.
As shown by the report of the General Manager, the railway
and accessories and the rolling stock are in first-rate order on
;
both main line and branches. The narrow-guage engiiies
that were widened are in use on the San Pete and Sevier
divisions, and on the Alta Branch, where they are doing good
Seven new stations have been opened during the
service.
year, two of which are on the Sevier Railway and the remainder on the Tintic Range Railway. Labor troubles have
occurred from time to time, but have been disposed of as they
arose without sacrifice of tbe Company's int rests.
Not a single passenger has been killel during the year, and
of the seven injured not one accident is cbargeable to the
Railway Company or to the negligence of its employees.
Three fell off while the train was in motion, they being intoxicated. One jumped from the train while deranged, and
the remainder were injured chiefly by jumping off, or by attempting to jump on, moving trains.
Seventy -seven miles of new fence were built duiing the
year, and it is the policy of the Company to continue this work
until the line is fenced throughout. This should materially
reduce the damages for live-stock killed, which amounted in
the past year to $8,821 paid in settlement of claims of about
twice that amount.
The Company has as Capital Reserve :
An
authorization for a further issue of preferred stock
$1,25D,0C0
amounting to
And has in its Treasury
First Mortgage Bonds, making up the total authorized Issue,
which is limited to $16,000,000 (against which the re:
quired mileage of railway line has already been com letedl 2,000,000
Mortgage Bonds of other railway compauies (their en1,892,500
Preferred Stock of other railway companies (their cutire i.First
tire issues)
7.57,000
sues)
Common"§took of othe'r'compantes
1,135,500
(their entire Issues)
The net earnings are much less than they would have been
but for the cutting of rates which has prevailed, especially in
the last half of the fiscal year, and is now worse than perhaps
for
many
years.
The Western
Traffio Association, like the
" President's agreement" which preceded it, by operating as
a restraint only upon lines scrupulous to keep such engagements, proved to be the opportunity of their competitors.
The Association was dissolved on October 1.
The experience of our line, and of all its connections and
neighbors, during the past year, is more than ever convincing
that if the United States Government and people wish to
really secure the objects sought by the passage of the InterState Commerce Law, it should be amended to authorize some
form of agreement for the distribution of traffic between the
roads. The present system is a mockery, and directly promotes the discrimination between shippers and localitiM
which it was intended to prevent. It favors the restless and
bargaining trader and the unscrupulous or reckless railway
and its traffic officials, at the expense of the fair-minded
shipper and honest railway official who aim to comply with
It encourages and has increased the secret
its provisions.
cutting of rates, to meet the competition of which honest
lines are unable as before to make open reduction, for fear of
the injurious effect
upon
their local trade.
Both
in this
wav
manifest tendency to foster the consolidation or
independent lines, and the concentration of power, therefore,
in fewer hands, it seems admirably fitted to produce exactly
and by
its
the opposite effects
from
its
announced purposes.
If those
charged with its execution ever expect to get any evidence
against an offending line, and the favored shipper with whom
either
it colludes, it is not likely to be through the testimony of
:
Dkceubbii
THE CHRONICLE.
18M,
34,
tluHO partiort, nnd will certainly not ho in wiitinif. ai nn
iif
writton <'tiKni((tniont i>ia«M in Nuch i>
liuiocpnt Iirii\<, nIthiiiiKli ixTfoitly awnro of whni
ih' ir in in- V, lii'ttiiaio to niako p<'rm-»n«mt enetuiua ol l.ii,
.l[i|i|»
niDrinK oon>)>liii>il axaiiitt rival roatU in wli
11
tlirsi- fuvoruU cu»tumers aru fur the time btunn
Iran i^r.
D9W onportuoity and market
nponlnir «
liiriro Hciilo,
i.f
1081
Urgo
i:ip
local
I
I
\
1
11'
I
Tlu>
net earnyn ir (C'rOO^
>"
iii|;h I'tr till' iir'4t
October at
inv
.
;iLcoini)iiii>iiii{
Auditor set forth
tlie
may b*
It
<
'
I'
;i:il
lu^
<r.
.
i
for tUo
tonnmK* In co«l and oth*r
reports of tho Oencral MtnaKcr and
biulaesi and the aooounta of the CSom-
tour
the
born
After deducting
iii
llinH or ill"
w
ll
(otiniato
Atidit>r'fi
lltMl
of IBU.OOO),
hav*
1890,000
chATgM
all
for tii«M four inuntba.
nO,000
,
pany.
Tlia (i(1i>-iM'-i nnd oinplovpcs of nil dopartmonta aro entitled
to thniiks f.
r.iilhfiil HiTvico durinc; thf> yi-nr.
tiirouciioiu Uiah this auiuinn nro in nfrcat
nrotmlilv linvo never bet-n hetter.
Beet HUitar
'I'll
i'Kt'it>li.Hhcd on the tniiin line at Lehi, 30
of Salt Lake City, which indicat-'s the jKUwi-
Th^re remainii
•
$198,000
Out of whlrh was paid on Not.
I-
T
quarter of the
new
Utah
thiii
Thti Tear.
Evnvivcd—
Last Ttar.
9
'
3l),l()6
7.
By
85
Total Earnln((ii..2,''43,02t 51
"'
^—
This Yrar.
'r
U"
214.900 26
50,993
25,103
Ueo. 11.794
Ino. 131.536
Ino. 3.815
luo. 9,512
.
.
WM.
9-.MJ
i. 1,6(18,335 43
!)75.589 03
Bnii
B-54
Local Pool Settlement*
KontttI Lease<l Maeii
Balance to Credit of
I];!'
iiiiiKs
85i,B2J63 Ino
6556
.
55,976 32
PROFIT AND LOSS ACCOUNT.
0-55
At^RKTP.
Rondand Equipment
I
30, 1891
$27,750,000 00
•Less, for Ro B(l,tu»tiucntfl. In conner.tion with the enterlii
'f the cost o[ Sevlor Ry. t'l-ourltles at the par
of tli I'reforred Slock Issued to 11 ly tor them
187,549 02
I
I
vpended dnrlnfr the Year—
137,048 07
'or lujiinivoiuonts
l-'or
Equipment
from
1,688 teoeived
sale of N.
O
Total Coit of Road nnd Eqnlpn-.
c lolpm't.
$192,916 33
57,000 35
LIABIUTIES.
Tune 30, 1892
$27, 334,455 03
8t -Ice, dcvler Ry. Co. to date.
Hie. k of the Tlntlc Range Ry.
(*2,50o.ooo of Ciimiuon Cioctt wa.'t authorized to be
Hfliiod in cxehant^e for thc^e Rpciirltle.s, delivery of
which was not fully accomplished uuiU after July 1
328,241 01
1882»
R. U. W. Ry. l8t Trust Molt. Bonds held in Treasury...
2 ,500,000 00
2 ,000,000 00
HoiuU itCiiiilial
Co»t of Bonds .vCaplial
I'ost of
499,318 15
111,859 35
Co's, eto
Ueld
U
Mortgjge Bonds:
...$14,000,000 00
2,000,000 OO
solrt
Treasury
10.000,000 00
Total authorized by Mortgage
Bills Payable, Issued to
$61, '95 07
12.875 80
Due from ludividuuU and
First Trust
Amount
$32,250,00000
Cash on hand
$219,318 15
Cash d'-posited with State Trust Co., Trustee, to pay int. on bonds due July 1, 1892. 280,000 00
Due from A^enls nnd Infrmslt
Due from U. S. Odverumciit
Capital Stock
Stock. Inoludlnir ?2,.'?00,000 authorized to be
inAiicd In cxchanf^c tor the Honds and Capital Btock
of Tlntlc Range Ry. Co., dfllverv of which wai fully
ncoonipllshed «ftcr July l.it, 1892
$10,000,000 00
Preferied Capital Stock, IncliidInK amount Issued to
{mrebase the securities of the Sevier Ry. Co. (author6,250.00000
zed Issue $7,500,000)
$16,250,00000
'
134,955 98
it.
9257,200 99
Common
$27,502,430 Oi
!
43
19,051 S3
30, 1802.
t
Jnne
to
1^2.38,239
9:57.290 05
63-53
CONDENSED BALANCE SHEET, JUNE
Coet "f
92,001,908 09
Balftnce or Surplus. Juno 30, 1891
Net Inoome (or year enillnt; June 30
To Adjustment for Claloifi, Damsve Salts,
Ac.eontracted prior to July, 1491
$50,836 02
Balanoe te Credit o( Profit and Loss, or
Surplus, June 30, 1892
206,454 93
Cl-81
910,197 00
Percent, of K.iruV-»
required forOpiT.
Taxt'? Jt InsQi'iu
49
53
By
atter
Iiisiiriinci>.
ni.SI'i
lii,05i
Inoome
92,061,998 00
dO'lll.iin)? TilXOR
and
312.3 •<* 75
59.904 %7
6.1 '7 51
ft.nm 81
Intiiraooe
15-05
8-88
03-10
,ir"H)ii-r
iicU
KlvlUcuiln
P. 01.
17,11249
9l,lM<*.335 43
5«O.0<iOO(»
Taxes
97 22'14
63 58--'«
5'49
4S
Oompanleo,
96109
IniM
!•«»
1-.
President
:
To K
7-62
1.450,077 38 Ino. 218,257 85
896,033 15 Ino. 79,535 93
24,414 61
105,540 11
PALMKR,
J.
99.443,024 61
16-83
15-03
9-01
790.98S52
...
$91,000
order of the B'lard of Dirccior*.
'Inn the Seaarltls* of other
'i.X>mpiin7
o
1«13
77
84
12
29
i
•.;•<.
OeuernlExpousos.
>"i-t
Difftrenea.
270,02125 Ico
43,24283 Ino
I
ri'.iiiii
Tn.OOO
Of''-" P'"vivo»
Ini'
12-fl9
•J)045
ll.'>,o.'S8 23
Con.
IN
Ino.297,7«3 78
Last Tear.
';46
78
rortini-ii't lAiii".
#
1403
2.3(0,13073
330.!>1S22
T't
N':
year
Ut
INCOME ACCOUNT.
Br
P. VI.
Ino .223.80172
«;«>*, '7520
Inc. 6J,2i8 7*
7I),4-1S70 Inc.
0,7IH9tf
33.67.^71 Ino.
5,43114
550 23
7,21580 Ino.
coil
UU9
Vifftrtncu,
9
l,^9«.01»^7
l.HlD.S-g.ao
71UI.<IOIOO
77,lli70G
rri'Ulit
lii
for
I^favingasurplnsof
impjrunt industry on a
COMPARATIVE STATEMENT OF EARSINQS AND EXPENSE!*.
.1...
dWidcnd
1
ioping in
l''<"">
fiscal
1
180,63118
24«,231 06
new Equip400,000 00
M
280,87402
nnetoFnreltm Roads
IndlvldiMlB and
Due to
Material 0D*hiind.
provide funds for
ment and Betterments, not yet capitalized
$171,279 62
Vouchers
07,3H0 59
Pay-RoUs (paid In July)
cay Checks
17,395 69
Uuolaimed Wages
3,802 12
$22.5st
77
289.0 3 10
IntereetouBond.sto Julv 1, 1892
Tax-a to July 1 (payable to October, 1892). 3i,928 68
78,101 25
DI\-ldendNo. 7 (payable August 1)
12.93.5
Co.'s
437,530 31
10,097 17
Equipment destroyed
Balance to credit of i>roSt nnd Loss, or Surplus, June
30th, 1892
206 434 »S
$33,594,870 43
$33,594,870 43
" In stating cost of road andcqulpment to JuneSO, 1891, at $27,750,000. there was Included, to make proper otBiete—
Dl'count on $J46,iOO preferred stock Issued for purchase of Serler Ry. securities not taken Into the accounts until this year
Also, balance of special fund for bettenueuts and new equipment, unexpended at that time
$121,100 00
00,449 03
$187,940 09
Total
This amount is now adiusted by Including the $121,ino dlsconnt on preferred stock In the cost of Sevier Ry. securities and the $66,449-02
balance of betterment and new equipment fund as a part of expenditures fur betterments and new equipment during the year.
Cincinnati Portsmouth
fFor
The
ft
the year ending
President's report says
Yir^inia Railroad.
June
30, 1832.^
19,578 tons, or 10-71 per cent, over year previous. Number o(
tons carried one mile, 8,621,013, a decrease of 468,655, or S-IS
per cent,
tARIttKOS, BZriKSES,
:
There has been no change in the miles of road operated
during th>s year, which is
Main line owned, Idlewild to
:
Sciotoville, 107 70 miles; terminal, rented, Cincinniti to Idlewild, 3-SO miles; total, 111-50 miles. In 1891-92 there was aa
increase of earning-i from passenger traffic over previous
year of 310,486 and $2,272 of this increase was from the
Sciotoville extension (,5 miles). Total number of passengers
carried during the year was 178,394, an increase of 50,704,
or 89-71 per cent, over the year previous. There has been an
increase of earnings from freight traffic over the previous
year of $9,4.56, or 6-62 per cent. Total number of tons of
freight carried during the year was 202,859, an increase of
.tC.
1890-91.
112
t
Miles onerated
KarniHffM
—
$
I.V609
234.193
214.973
254,247
218,579
19.-.t20
Freight
Mall, express, eto
ToUl
Operating expenses and taxes
Net earnings
Dfrtufl—
Balance
113
96,3SS
15V,889
15,730
33,675
75.753
14i.H33
Passengers
MUoellaaeons
1801-92
m.
33,200
O.OM
def.3,e80
sur.36,631
.
.
.
THE CHRONICLR
1082
COTTON.
She Commjercial gimes.
COMMERCIAL EPITOME
FBI DAT Night, December
[Vou LV.
Friday. P. M., December 83, 1892.
IHK Movement of the crop, as indicated by our telegrams
from the South to-night, is given below. For the week endiog
this evening the total receipts have reached 193,972
balet
wants has against 211,399 bales last week and 2.55,910 bales the previous
week, making the total receipts since the 1st of Sept., 1892
been a feature of the principal markets, Speculation has been 3,399,857 bales, against 4,599,640
bales for the same neriod of
conducted with greater caution, avoiding new deals as much 1891, showing a decrease since Sept. 1, 1892, of 1,199.783 balep
as possible and seeking settlement of etlgagements maturing
Heceiplt alMon.
*a(.
Tuet.
Wed. Thurt.
Fri.
Total.
at the end of the year. None of the leading staple commodiSalveston
3,291 10,869 3,972 6,164 4,061
4.093 32,4t0
ties appear to have suffered depression through the unsettled
A tendency
23, 1892.
to confine operations closely to actual
I
\
j
j
condition of the money market. Tbe grain movement at
primary points has fallen oflf somewhat this week, owing
probably in part to the more wintry weather and in part to
the unwillingness of the farmers to accept current rates,
which slower movement from farms, together with an
increased export movement of wheat and flour, imparts a
better undertone to the market for breadstufls. Weather and
crop news from the West was in the main favorable, but the
may do some injury in sections
where the fall of snow has been light.
Lard on the spot has continued in moderate demand for the
United Kingdom, and prices have further advanced, closing
steady at 10c. for prime City, 10-50c. for prime We.'tern and
10-95c. for refined for the Continent.
The speculation in lard
for future delivery in this market has been quiet, but values
have again advanced owing to light receipts of swine at
primary points and stronger markets West.
extreme low temperature
OAILT OLOBINO PRtOBg OF LABD FOrDKCS.
Hon.
Sal.
Vuei
Wed
Deoemlier delivery
0.10-20
0.10-15
0.10-05
o. 9-95
January delivery.
Marob delivery
May delivery
Pork has been
1035
10-35
10-45
10-37
10-70
10-70
10-50
10-30
10-60
10-80
10-30
10-50
10-50
10-25 10-10
9-95
1005
in light request, but prices hold firm, closing
steady at §15@$15 25 for old mess, $16@$16 50 for new mess,
|l&@-]9 50 for short clear and $17 50@$18 for family. Cutmeats have liad a slightly l)etter sale and prices have bsen advanced, closing firm at 9.a9J^c. for pickled bellies, 10@12 lbs.
average; SJ^c. for pickled shoulders and ll@lli.^c. for pickled
hams.
Beef is firm at $7,a $7 50 for extra mess, $8@$9 for
packet in bbb., S10(6S12 for family and $14d$17 for extra
India mess in tierces. Beef hams are quiet but steady at §14
@14 50. Stearine has advanced with lard, closing steady at
lie. in hhds. and 11 Jjc. in tcs.
Oleomargarine is dull and tmchanged at lOJ^c.
Butter is firm and higher at 20(330}^c.
for creamery. Cheese is fairly active and firm at 9311c. for
State factory, full cream.
Coffee secured very little attention from consumers, but the
pressure of offerings was lightened and prices advanced
fractionally.
Rio is quoted at IB^^c. for No. 7; good Cucuta
at 20%'a21c. and interior Padang at 27i^@28c.
Contracts
for future delivery have been tendered with diminished
freedom, creating a firmer tone and some recovery from decline of the previous week, but it the close the feeling is
again tame, owme: to larger off'ering on December and January
delivery. The following are the final asking prices:
Deo
16-C50.
lo-?5o.
15-700.
Jan
Feb
I
Mph
April
15-50o.
15-30o.
15-250.
I
June
15-25c
Sept
15'20o"
Oct
15-15c'
Raw sugars sold with moderation, refiners investing carefully to avoid stimulating value upon approaching new crop.
Small immediate supplies, however, enabled importers to
sustain previous prices. Centrifugal is quoted at
7-16c.
for 96 deg. test, and Muscovado at 3o. for 89 deg. test. Refined sugars sold slowly and a further reduction in price was
made on soft grades. Teas have continued in good demand at
hardening rates but other staple groceries were neglected.
Kentucky tobacco has been firm but quiet. Sales were about
150 hhds. Seed leaf tobacco has been fairly active and steady.
Sales for the week were 3,700 cases, as follows: 1,500 cases
1891 crop, Pennsylvania Havana, 14@40c.; 150 cases 1890
crop, Pennsylvania Havana, 14@20c.; 150 cases 1890 crop,
Pennsylvania seed, 13(g]4c.; 600 cases 1890 crop, Wisconsin Havana, 13®15c.; 200 cases 1890 crop. State Havana,
141^0.; 500 cases 1891 crop. State Havana, 14® 25c.; 2.i0 cases
1891 crop. New England Havana, 25@55c.; 200 cases 1891
crop, Ohio, 7J^(allc., and 150 cases sundries 63^@15c.; also
800
bales Havana, 68c.@$l 12%, and 400 bales Sumatra,
60c.(3
I
May
|
8%@3
52
m
bond.
Straits tin has been active, and during the early part of the
week was lower, but later buying by "shorts" to cover contracts caused the greater part of the loss to be recovered,
and
the close was firm at 19 550. Sales for the week were about
500 tons. Ingot copper is a trifle lower, but the close was
steady at 12-20c. for Lake.
Lead has advanced, and the
"'"'" *' ^'^^^^
^*8 iro° is without change and dull
"i'i^fo"'^
at $18(a$15 50.
Refined petroleum is firm, but quiet at 5-45c. in bWs.,
6
u II "o'S."""^ ^^^ -25c. in cases crude in bbls., 5-35c.; in
bulk, ^-850. naphtha, 5Jic. Crude certificates
have declined,
closing quiet at 5258C. bid. Spirits turpentine
has declined,
but the close was steady at 30^@31c. Rosin
has been dull,
but steady at $1 30®1 32>^ for common to
good strained,
wool IS farm, but quiet. Hops are steady.
10,
;
;
El Paso, &o...
Orleans... 10,171 19,893 13,659
UobUe
1,786 2,306 1,724
Florida
Bkyannah
1,837 4,239 4,753
Bransw'k, &e,
1,200 1,469
OliBrleston
432
i
Nov
PortRoyal.&o
Wilmington.,
Wash'gton.dko
Norfolk
I
8,066 14,81o'
2,214
041
1,994
5,V92
1.994
71.921
1,377, 10,048
932
932
3,-J59
3,031
3,484! 20,653
653
1,196
9,427
1,184
9,427
6,194
102
333
15
6,711
15
102
879
1,462
1,780
1,506
751
1,506
861
3,082
1,207
1,327
1,836
978
933
625
1,904
9,730
1,070
619
259
6,218
962
527
1,340
1,094
473
747
3,330
5,460
3,162
2,366
West
Point...
Bf'wp'tN's.&o.
New York
Boiton
Baltimore
555
703
1,544
259
845
3.162
333
Plilladelph'a,&o
173
203
213
826
618
totalBthlBweek 23.018 45.920 30,399 26,212! 28,235 37,188 190.972
The following shows the week's total receipts, the total
1, 1892, and the stock to-night, compared with last
since
year.
Sept.
1892.
Bieeipti to
Dee. 23,
This
Week.
GalveRton...
ElPaso.dio.
New Orleans.
Mobile
Florida
32.450
Bavannab.
20,653
9,427
6,194
102
..
Brans., <6o.
Obarleston ..
P.Royal.&o
Wilmington
W»Bb'tn,&c
Norfolk
West Point.
NwptN.,&o
New York.
.
Boiton
Baltimore. ..
PbU'del'a.Ao
Totals
1891.
Since Sep.
1, 1892.
TM>
Week.
Stock.
Since Sep.
1, 1891,
1892.
135,925
6,690
316,682
37,691
10,048
932
6,711
15
9,730
6,218
259
3,330
5,460
3.162
2,366
123,283
437,833
45,218
111,200
10,400
56,229
131,876
11,094
81,111
27,267
20,861
46,441
13,484
2,116
297.222
29,000
34,165
16,333
766,788 38,271
828,658
34.478
863
18,503
908,376 100,242 1,450,801
126.393 12,114 187,735
14,709
343
14,954
588.341 31,587 758,713
113,921
5,231
115,258
231,413 14,254 367,891
324
1,247
135,623
6,169
132,710
556
82
1,530
182,369 21,881 352,365
156,946 13,880 208,754
11,011
947
18,875
21,070
5,327
25,063
41,836
3,992
51,852
23,882
2,739
27,540
21,774
2,399
37,191
1,994
71.'i2l
1891
63,699
10,845
1,435
302,497
27,500
14,837
8,438
>>*>-
190,972 3,399.857 260.305 4,599,610 1,149.847 1,280,517
In order that comparison may be made with other year, we
give below the totals at leadini ports for six seaons.
ive
Seeeiptt
at—
1892
1891.
1890.
1889.
1888.
39.139
100.242
12,114
31,567
14,254
6.250
21,831
14,827
20,031
39,091
96,877
14,119
34,109
16,878
4,055
21,317
15,870
28,466
36,260
95,429
10,967
35,562
7,431
4,314
16.256
15,430
26,759
36.749
95.521
11,653
30.039
13,522
3,517
18,406
All otbers...
34,444
71,93
10,048
20,653
6,296
6,726
9,730
6,477
24,67
Tot. tbls week
190,972
260,305
270,782
248,40^
Qalv'aton,&o
New Orleans
Mobile....
Savannah.
Oharl'st'n.Ac
Wllm'gt'n,&c
Norfolk
W'tPolnt, Ac
1887.
12,111
16,188
71,239
9,119
28,330
11,694
3,210
15,937
21,128
11,984
240,042
188,824
18, '•.28
8lnoe8ept.l. 3399.857 4599.640 4235,203 4118,079 3629.971 3985,650
The exports for the week ending this evening reach a total
of 151,833 bales, of which 65,593 were to Great Britain, 21,432
to France and 61,803 to the rest of the Continent.
Below are
t^e exports for the week, and since September
Week
BmUng
ereat
BrWn. Franc*
9alTe>tOQ
Velasco, *c...
New Orleans.
Mobile
Week.
42,581
16,663
1,000
12,732
14,301
800
1,800
11,321
10,38i
6,835
80,551
15.748
2,10)
7,830
.
Point.
Baltimore
Pl>lladelp'a,*c
Total
1892.
ertat
Britain. Franci
368,284 86,030
10,250
248,576 162,179
OonttfMnt.
106
8,016
8,650
63I.810
130,625
641.380
24,870
26,770
15,748
2,100
56,704
18,752
161,089
63.678
2,18)
11,121
67.179
7,850
78,2 !3
7,9.0
'J6,843
168,776
33.562
98.964
3,181
85,402
46,246
52.236
12.8J8
58,481
4,800
67,036
86.274
242,783
218
93,678
4-2,345
98,804
100
4,980
6,650
7,458
2,780
4,588
100
630
14.901
198,031
13.174
1,805
l:i.i;4
93,353
7,378
53,34!>
736
237,645
2.170
2,179
s.uo
nui.
88,516
14,620
2.'i,770
N'portNwa,*.
N«w rork....
Sonon
1,
1882, to Dec .23,1892.
.-,178
....
.
1.
Bxvorted to—
Total
Oontin«nt.
5.178
Bninflwlck ...
Oharleston
WllmluKtoo..
Norfolk
West
Sept.
Exported to—
•xportt
SaTannah
irom
Dec. 23
4,S90
6.575
3,110
65.608
21,432
61,80,1 loLS-l.-! I.,'i48,»85 !8;,02e
603,150 2.238,161
Total. 1891.... 182.108
13.723
32,055 197,881 1,867.683 293,281
R1B..^87 2977,606
.
,
THE CHRONICLE.
DKCBliBKR94, 1893.]
In addition to above exports, oar telegram* to-ntf(bt al«o
give us the toWovring araounta of cotton on ahipboard, nnt
elearod, at thu ports named.
add aimllar tlf(ure« for
New York, which arc pr(>i>ared for our •peoial uae by tieaen',
We
A
Oarey, Yalo
I^aiubnrt.
'ii
i
Beaver Street,
I
OlUr
BrUain. Frane*. forttgn
Ooatl-
€hr«al
NewOrleani...
Other porta....
6,686
15,523
1,000
5,700
5,000
3,000
3.600
36,000
Total 1892...
75,609
Ualreaton
Barannah
.
mmm
fii? fiiif
f«f
Ltaring
Ott, 83 •<-
Oharlmton.
Uobllp
1088
..
Norfolk
Now York
TOUI
1891... 11T.."S75
Total 1890... 126.201
None.
31,113
17,872
15,000
4.300
None.
3,500
3,600
28,000
11,828
5,605
700
None.
None.
None.
1.200
None.
toUU.
Wi»€.
49,627
60,644
19.200
10,300
6,000
10,070
7,400
63,000
11.644
2,500
300
None.
3.670
None.
Nona.
267.0.%5
83,2HI
46.929
82 691
36.371
889.822
82.467
19,333 102,385 18,014
21.\241
934.606
62,102 120,122
89,920 17,8S3
233.302
257.810
1,047.215
33,503
23.815
1
633,206
Speculation in cotton for future delivery has shown smaller
volume, and the fluctuation in price was of less violent character than during the preceding wet k. The Anti-option bill, eo-
caUed, has ceased to act as a serious disturbing factor, operators
passively awaiting the reaults of protracted discu8.<>ion over the
measure in the Senate, while a continuation of light crop estimates was to some extent neutralized by unpromising trade
reports from abroad. Business for the week under review com-
menced on Saturday with a firmer feeling and with an advanc o
of several points in response to slightly improved cable adviceg
and a small crop movement; but on Monday there was a break
of 15 points in consequence of free selling for account of
holders.
still further decline followed on Tuesday
A
local
morning, but was quickly recovered and 4 points net gain
•stablt.shed, with no very clearly defined inlluence, and on Wednesday was also somewhat featureless, a number of pinall
fluctuations finally resulting in a slight decline. Yesterday
the advices from Liverpool were tame, which in conjunction with a desire on the part of many holders of long contracts to realize profits before the holidays caused a decline of
10 points.
To-day the maket was irregular but finally closed
at an advance due to the covering of local shorts.
For cotton
on the spot prices advanced l^c, which was afterward lost,
closing at 9^^c. for middling uplands. Spinners have bought
more freely.
The total sales for forward delivery for the week are 950,300
bales. For immediate delivery the total sales foot up this wee k
—
5,943 bales, including
for export, 4,443 for consumption
for speculation and 1,300 on contract. The following are
the official quotations (or each dar of the past week
December 17 to December 23.
—
UPIiANDB.
non Toes
Smt.
Ordinary
Btrlot Ordlnar;
Good Ordinary
•Vlb.
Qood Ordinary..
trOwHIddUnK
Low
7>«
7'8
84i
8
8'8
Btrlot
Btrlot
7''9
7'8
8%
8\
9
Middling Fair
ICs
9»«
103,, 'lOS,,
10>i
I
10%
10%
im im
,
FaU
ODLF.
Sat.
Ordinary
Btriot Ordinary
Qood Ordinary
.»lb.
I
iTIon
tnotOood
10\
10%
8TAI»K1>.
10% 110%
Ill's
Fri.
7%
7%
7%
8>e
8>e
8>9
8J8
9
9
9
9
9ll„
9'l«
9»l„
9l»i«
9l»,«
9>,«
9''ie
.«
10%
j
10-.«
101,8
lOOe
10^
11
I
Sat.
y lb.
SI'"
9»8
10»ig 10»,«
1038 \10H
Toeal IBTed Th.
9ii,8
9i»i«
10>fl
111
llt%
11%
11%
lOOg
11
life
11^
9"l8
10>8
10'18
lOOg
11
llOie
l"'ie |10'i8
I
llie
11>»
aood Ordinary
Btrlot Good Ordinary
91^
7%
»"t«
Fair..
8%
im im
iim
9iJia
?>!?.
lOddUngFalr
9 1»
9
i25i*
10»,8
Middling..
101,8
loag
104l
iio^e
8^
Btrlot
,
9'i«
9^8
9V S,"
I
9'>i8
Low Mlddllnit
Low Middling...
7>9
7 '8
7%
77$
8>4
9l8
Qood Ordinary..
MlddUng
OoodMrddllng
911 18
';
iS'^" 9'8
7H
8\
9'18
9''l8
'J
UlddUnji...
!'»
91 1.
27'«
MlddUng
OoodMlddUnK
Btrlot Good MlddlliiK..
Btrlot
ITed Tb. Frl
7^
7<>a
Son Taea Wed
10',«
HiH
11
Tk. Frt.
7>«
7
7
7
7%
7
7
9»18
7»B
8>i
9'18
7»8
8>a
97,8
7»8
8>*
9',.
7»8
8>*
9',,
Low Middling
Middling
8>a
97,8
MARKET AND BALES.
^
The total sales of cotton on the spot and for futuro 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
«ame days.
poTHABxar
BALES OF SPOT AUD CONTRACT.
0I.O*BD.
port.
Bal^day. SUadyati«ad..
Con$ump.
85|
Monday BUadyatiead..
457
Tneiidar
199
9v€e-\
Con-
ut't'n] tract.
....
....
....
....
6O0!
400
30J|
lotal.
6H5
8^^
499
273
Future:
105,'00
H6,B00
20i,.'S0O
*Inoladeasale«lo Septemoer, 1892. for depte-nber, 1,700; September-Ootober, for October, 420.6) : SapCambar-Noveaiber. (or November, 8 r9,9;>0.
i'he('>llr>wine nxnhange^ Iihth t«ma >a ide duriae ctie leeek
pd. to exch. 200 Meb. for Apr.
14 pd. to exoh. 1.600 Jan. for Feb
0 1 pd. to exoh 303 Deo. for Jan.
12 pd. to eioh. 300 Jan. fur Pel).
'1 1 pd. to exoh. 200 Moh. for Apr.
2* pd. to eieh. 303 Dec. for Mch.
•17 pd. to exoh. 100 Deo. for Feb.
4t p<L to exoh. 2.030 Jan. for Mar.
'25 pd. toexch. 1.100 Jan. forMon.
2(i p<l. to excb. 300 Deo. for Moh.
'35 pd. to exoh. 500 Jan. for Apr.
'3t p<l. to n.\cb. 600 Jan. for Apr.
'11 pd. to eich. 100 Feb. for .Mch
'45 pd. to exob. 303 Jan. for May.
•25 pd. to exoh. 500 Jan. for .Holi
22 pd. to exoh. 100 Feb. for Apr.
'2 yd. to exoh. 2.00 > Meh. for May.
'36 pit. to excb. 100 Jan. for Apr.
'29 pd. tu exoh. 3.900 .Mob. fur J'uu.
13 pi. to exoh. 1,033 Jao. for Feo.
19 pd. toexch. 1,000 Apr. tor J'nc.
10
'
'
HK V laiBLK tiOPPLY OF UOTTON to-nlght, as made up by cable
and telegraph is as follows. The Continental stocks, as well
those for Great Britain and the afloat are this week's returns,
....I 4.443'
•otal.
....' l.&OO' 5.943
950.800 and consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
Tbk Sales and Prioeb or ruTCBiB Are abown by tb« figrures for to-night (Dec. '23), we add the item of eiports from
f jilowing comprehensive table:
the United Statee, including in it the exports of Friday only.
Wed'day
Qiilet
Thor'd'T Steady
Friday.. Quiet dk ateady.
I73I
100
3,387
....
....1
143
....
100
3,3*7
-^42
14t.bU0
157,700
152,90e
I
u
.
.
THE CHRONICLE.
1084
1892.
1891.
4Btookat Liverpool... ...bales. 1,544,000 1,301,000
6,000
8,000
lltook at Loudon
1890.
874,000
26,000
309,000
1,900
129,000
18,000
900.000
3,300
140.000
10,000
Total Qreat Britain stock. 1,550,000
1,200
Btook at Bremen
116,000
15,000
Btookat Amsterdam
took at Hamburg
1,
1889.
853,000
15,000
868.000
2.000
IIO.OOO
5,000
300
400
400
400
4,000
406,000
8,000
72,000
5,000
10,000
fltook at Botterdam
Btock at Antwerp
Stock at Havre
Btock at .Marseilles.....
Btock at Barcelona
Stock at Oenoa
Btook at Trieste
5,000
250,000
8,000
70,000
7,000
18,000
3,100
160,000
3,000
55,000
6,000
7,000
5,000
132,000
3.000
70.000
6,000
8,000
637,500
lotal Continental stocks
337,800
507,300
341,400
Total European stocks
2,137.500 1,816,300 1,237.800 1,209,400
•Indlaoottonatfoatfor Europe.
42,000
20,000
20,000
65,000
Amer.oott'nafloatfor Europe. 4^0,000 .712,000 604,000 639,000
£((ypt,Brazll,Ac.,afltforE'r'pe
48,000
50,000
50,000
47,000
Btook iu Dniteil States ports.. 1,149,847 1,280,517 891.024 778.975
Btookln U.S. interior towns.. 468,952 630,054 550.410 444.468
15,026
26,350
21,391
United States exports to-day.
65,«49
4,311,325 4,535,221 3,421.625 3,239.692
Total Tislble supply
Ol t leaboTe, tbetotals of American and other descriptionsareas follows:
Amencan—
584,000
286,000
601,000
891,024
550,410
bales. 1,351,000 1,090,000
liirerpool stock
527,000
430.000
Oontinentalstocks
American afloat for Europe...
390,000
712,000
1,149,847 1,280,517
United States stock
United Statesinteriorstocks.. 468,952 630,051
15,026
26,350
UnltedStates exports to-day.
Total American
Saat Indian, Brazil, <te.
IilTerpool stock
Siondon stock
ContineDtal stocks
India afloat for Europe
Egypt, BrazU.dEO., afloat
21,391
661,000
254.000
639.000
778.975
441.468
55,849
3,911,825 4,128,921 2,936,825 2,333,292
—
191.000
6.000
110.500
42,000
48,000
211,000
8,000
117,300
20,000
50,000
290,000
26,000
101,800
20.000
50,000
397.500
Total East India, Ac
Total Amerioan
406,300
406,400
3,911,825 4,128,921 2,936,825 2,833,292
B3y The imports into Continental
week have
ports the past
been 99,000 bales.
The above figures indicate a dearease in the cotton in sight
to-night of 195,896 bales as compared vrith the same date
of 1891, an increase of 914,700 bales as compared with the
eorreaponding date of 1890 and an increase of 1,099,823 balee,
as compared with 1889.
AT THE INTERIOR TOWNS the movement—^that is the receipts
lor the week,
and since September 1, the shipments for the
to-night, and the same items for the
corresponding period of 1891—ia set out in detail in the
week and the stocks
following statement.
(J
Week,
OLOSIMa (IDOTATIONS
ending
Dec. 2
i.
Satur.
Salves ton.
Sew Orleans
9llig
91a
9i'ie
911
914
giiie
9!^
9^16
9 •'a
Mobile..
Obarleston.
Wilmington
Norfolk
Boston
9U,e
9 '8
Houston
Olnomnati
9=8
934
9=8
9^8
9''18
O^'a
9 ',6
S%
9''8
9Ujg
1')
10
1014
958
913,8
9^8
91116
9''8
lOU
lOU
9^
9>3
91 18
973
813,8
O's
9"l6
10
10
10
.
9!>8
10
91318
Louis....
8t,
Q^
9=8
9%
95|>o^
Augusta.. ..
Uemphls....
911,8
99,6
9H.
9%
1038
FrU
Th%ir».
911,8
9=8
9i«
9ia
9^8
10
10
IOI4
Wedwt.
!)ia
9?t
'J\
10
Baltimore...
Phlladelpbla
H1UU1.1MU OXflOK OM —
9",«
9"i6
9"l6
Savaunab...
mm
r«e».
Jfon.
9=8
10
9%
9^
9^
Q\
9%
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
Louisville,
..
Atlanta
Oolumbus, Ga.
95,6
Oolumbus,Mls8
Eulaula
.,
OH
9
I
"4
I
Book
Montgomery
9i«
Little
(
I
Npwberry
flig
.
Natcbez
Raleigb
9^
9%
.
Nasbville
Selma
9%
Slireveport
939
9>4
....
From the Pl.vntations.—The
Keceiptb
following table
indicates the actual movement each week from the plantationB.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
Onally reaches the market through the outports.
Wttk
R<ce<pt> at th<
1890.
Not.
"
18..
Deo.
2..
23..
0..
'
"
18.,
«3.
PorU. 3V\at
1891.
1892.
1890.
Inttrior Tovmt. Kec'ptl from PlanVnt,
1891.
1892.
208,044 325.714 28 -',766 380.179 468.921
263.091 313,225 261,761 390.678 501.497
21I.S18 293.16l!248.355 430.943 521.419
237.629'295.504!265.91l) 469,189 561.T54
1890.
1891.
1891,
,329,081 303,92(< 369.467 262.83*
348.8011 283.690 347.801 274,543
396,637 281..=8< 313.083|2[i6,12»
432,154 295.77.'. 3».8:<9'291,737
2(!«,327|277,984'211.S99 506.388 607.463 455,149 303,5i'4 3^0.693 234,094
270.7S2'260,30S i90.972'550.410 630.0J4 458.952 314.80B 292.89a 204.77 6
—
The above statement shows: 1. Tiiat the total receipts from
the plantations since September 1, 1893, are 3,740,175 bales; in
1891 were 5,173,765 bales; in 1890 were 4,771,0iS bales.
2.
That, although the receipts at the outports the past week
were 190,972 bales, the actual movement from plantations was
204,775 bales, the balance going to increase the stocks at
tne interior towns. Last year the receipts from the plantations
for the week were 283,893 bales and for 1890 they were
314,806 bales.
—
OVERLAND Movement for the Week and since
Sept. 1.—
statement showing the overland movement
for the week and since September 1. As the returns reach ug
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regvdar monthly report, but all
This weekly
the principal matters of interest are given.
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:
We give below a
as
^^O
c g eS,c cT^ o rS B ^£ Po g-3 ? c
3— — -t^a-ior-^B^csttPPra
S K < 5,»!. » 5 o - c»,B E. c_ cr S B »
' E o Eff- j^
» go- - r c TO
o
N
ED
£b
E
-'"'§« B
=?
-
[Vol. LV.
Quotations for Middlinq Cotton at Other Markets.—
Below we give closing quotations of middlia* cotton at SoutbemandotherDrincipalcottonmarketjiforBa^..- iavo th wetk.
487,800
192,000
15.000
87.400
65,000
47,000
Total visible supply
4,339.325 4,535,221 3,424,625 3,239,692
Price Mid. Upl., Liverpool....
5>»d.
4'4d.
5'td.
Price Mid. Upl., New York
S'so.
^^<>ua.
101*0.
Q'^i&o.
tfZ
.
^
CD
H
O
so
^2
»3
D <x
pr>
<
t
I
o
o
BB
BB
~-»
•
»-
1891.
1892.
tiOH'»ir,:MOiOip,t^oo c;! OD
to a, 00
Mcc
o'tft-
m a od'-i tc to wbt *.
tj»
Is
December 23.
o»-jui««^«oj(-KCna;c^totaoifai<ooiots*.oitiK-wo
Week.
ahijmedr—
Via St. Louis
Via Cairo
Via Hannibal
Since
Sept.
1.
Week.
Since
Sept.
1.
p<l
^WM
M,"-*.*-"
t5i^.Mt;»WK;tU
^Sit'^'^^K*^*^^'^^'^'^^ c; *. M ci CCM Qc o c;'"io <l'a! o'>- m":©
co30'f-eo^Coca*-ci'oc:»fc'OOi-']o.otcoi*>c;tcxah-wcoeX
rf>>
OwCOCCOMWf-ICC©01CtC#-fc0OafcCI0CCC<lO*4|t"OUtD
Mh-OfCJiCC-.
MOW
<1 Ut
p^
C W *^ O' pD W M —
CJ'
OJ 00 -q Oi Cl
ft-
u»'tfc
Dtiucl shipments—
Overland to N. Y., Boston,
w
M
M ^^ MMOS
^wcn ^=Kip:ccwtctoos
-J oi to o Ki alone cjiQc ^ 0»
tO(»' cc tc *• Cc'MOCCn VTt'io'^Vl
CJ»
rt».
If^
coc;H-MOcoiMQoo--Ja. cjnototoxtoo: oojtacj'towooL'OiuLifi'tD
CO
d
7
--
'
'
'.fc^
*•'
^fc- Nih«
955,124
14.318
1.396
1,686
108,612
13.862
33.555
12.178
2,317
2,488
Between interior towns
Ac, from Soutli
Inland,
139,367
38,045
52,863
156,029
17,013
230,275
1891.
1892.
In Sight and Spinnerf
;
Takings.
Week.
Siiwe
Sept.
1.
Week.
Sine*
Sept.
1.
frS-S
'-i^iMSJocoi^;
* Louisville tiifures
f
Ac.
CO"
K>
-l^lfcCCGOaO*- 01 Cd"cD O CO O 03 CO 0: 05 OC 01<l"^ <1C O'^ CO OiVl
-XOM ^^ ^ - *-liJitCMC0-vjKHCCD05Ki'-'C!C001C0*'ai'^IOO*JO
— »^
^* IV
—
LV — ^ ^M wJ vw ** WJ ^j ^— \^ "^ tj
qatjgMOaots I& O (O Cji to A, r» ft or. to •J tii taJ m /^ rri rts *^ /- f.i r,i ^1 .
ii^Owcjitoo-^oxtD-JWMCDOCcoiOcitoco-^-j
-
61.411
463
6,101
3,112
.
Cj*
-^1
3,7.i6
655,265
9,4.11
Leaving total net overland*
33,993 499,236 44,428 721,849
Inoludiu); movement by rail to Canada
The foregoing shows that the week's net overland movement
this year has been 33,993 bales, against 44.428 bales for the same
week in 1891, and that for the season to date the aggregate net
overland exhidhs a decrease from a year ago of 225,613 baleSt
KiCicaaootttctocccoci^.acCDtco'
COtCtcOOVCCOtCi^CIOCPt^r- ^-if*-ttOMMtiOJivtn^*gOiotoccM
00
M
CM
M
M
iN W M CO CO y *.
K!^.
i-'-JCCowccc;'OiKO;b3XOPCoc;c:»t*'
C tC O'Ci W U- C Oi^C^ OC>U
00 Oi M
O t— CO CO CO OD tct- nc - O' CO Ci"^ cr.'^'Vi'^ oiVi&oV) k-'bi'I-.'^ o
tO ^ Cn 0> O'
r c; c Oi tc to tott-tcn-ixatotoKiotc^i— cj'tci^cj'too
Ac
S3
-I
i^ c:
6,211
Louisville
Via Cincinnati
Via 111 ber routes,
349.331
203,931
116,821
14,234
105,327
70,828
94,649
17,400
^-QCM
21,076
14,482
51,393
V^la
MM
209,876
113.992
107.2H4
9.390
78.156
54,124
82.463
17,746
13,492
3,947
1,800
4,033
4,164
"net" in botb years.
Tbls year's dgures estimated.
TheabovetotaiH-inowtaat the iaterior stocks have increased
during the week 13,803 bales, and are to-night 161,103 bales
less tnan at the sauif period last year. The rec ipts at all the
towns have been 48,701 bales less than the same week last
year, and since Sept, 1 they are 885,390 bales less than for the
Mine time in 1891.
Receipts at ports to Dec. 23
190,972 3,399.857 260,305 4 599.610
33,993 499.236 44.42^1 724,849
Net overland to Deo. 23
Boutberu consumption to Deo. 23 18,000 2,'>7.000 16,000 241,000
242.965 4,156,093 320,733 5,565,489
13,803 340,318 22.591 574,125
Total marketed
Intsrlor stocks in excess.
Came Into
343,324
sight during week. 256,768
Total in sight Dec. 23
,
Njrth'n spinners tak'gs to Deo.23
4,496,411
911,112
6,139,61
1,243.786
It will be seen by the above that there has come into sight
during the week 256,768 bales, against 343.324 bales for the
game week of 1891, and that the decrease in amount in
to-ni0bt as compared with last year is 1,643,203 bales,
sight
—
DBcnaixSi,
THE
1802.)
c;hronii;lk.
VVKiLTUICH Repukth »y TKLKiiitArn.— A(lvicv« lu iu by tcl*graph lliiH livening iniliout<' tlint rain haa bMO K«>cr*l at tho
South during tho wet'k iind that in many distriota the pn-clpitatiiin hoH hc«n pxcemive.
As a reault roads are in bad cundition an<l tho niarlieting of the crop haa be«ii interruptrd.
The temperature hns also been lower. Our correapondentA in
Texas reiHirt that picking is virtually completed in that Stnt*',
although there is yet cotton in the tields. This is due to tho
fact thnt the negroes practically refuss to do any field work
after Chri^tma8.
Patfstinr, 7>a;ai.— There has been very h<Bvy rnin on
three (lu.vfi of the week, and roads are impa»tiulilt' and t'uIdH
an urea of bog. Picking is flnishrd. There in htill iinpiikcd
cott<.)n in the Uelds which never will be gathered.
The tlicrmouieter lina averaged 40, the highest being 62 and the lowest 30.
—
Euntaville, Texas. It haa rained very hard on three days
during tho week, the precipitation reaching two inches and
tweuty-flve hundreiltliH. All out-d(X)r work has been stopped
and picking is ended. What cotton is yet ungathered will
never be gathered. The thermometer has averaged S8, ranging frono 83 to 75.
San Antonio, Texas. It has rained on five days of the
week, the rainfall reaching one inch and twelve hundredths.
The thermometer has ranged from 32 to 64, averaf^tng 48.
Dallas, leaxis.— Picking has ended everywhere in Texa,".
In most sections the job is fairly d.-me but again in many
the fields still offer good picking, which picking will never l>e
done nor even attempted. Such is Texas labor. There has
been rain on three days of the week, the precipitation being
one inch and thirty-six hundredths. Average thermomett-r
42, highest 50 and lowest 28.
Luling,^ Tejrus.— Picking is tnded though Uie fields are still
white. Not a single negro cotton picker will ever be Induced
to go into the tields again this season. It has rained heavily
on three days the past week, the rainfall being one inch and
one hundredth.
The thermometer has averaged 52, the
highest being 72 and the lowest 82.
Columbia, Texas. We have had hard rain on four davs of
the week, the rainfall reaching one inch and forty-eight liundredtbs.
Fields are a quagmire.
The thermometer has
ranged from 34 to 65. averaging 50.
Cuero, 'f'ea;a».— Picking is ended, though there is still fair
picking in the iields.
Kain has fallen on two days of the
week, the precipitation reaching ninety-four huntfredths of
an inch. Average thermometer 54, highest 68 and lowest 40.
Brenham, Texas. Picking is virtually ended. We have
had hard rain on three days of the week, and mud and slush
are everywhere. The rainfall reached one inch and sixtyseven hundredths. The thermometer has averaged 40, the
—
—
—
highest being 64 and the lowest 84.
Belton, iea;a».— Picking is practically over.
Rain has
fallen on two days of the week, to the e^ent of one incli and
forty-six hundredths.
ranc;ing from 30 to 68.
Fort Worth, Texas.
any consequence.
.
The thermometer has averaged
1085
We
Stlma, /tfd'ximd.—
have had rain on thrm days dufiof
tho week, the rainfall res
r.-« iaobM and tliirty-ftv#
hundredth*. AreraKO then;
>i, hithmA ^^ \nmtt S7.
''
'
U,ibama.—lttu» raineo uu flva J
ho wWk,
.
'
.
to
tli(^...
J..
.
r
;.
ibrM InchM and furty-flv<'
has^TMaged 00, and ranr'--<
of
I
AlalHtmo.—U»in haa fallen
Um
extent of two inches and twenty-onr
:,.
ih.
Tb« thar*
mometer haaaveragtd SO'2 the bigheat Uriog OAand the lowMt
r.
Madison, Florida,— It haa rained on three day* of tb*
week, the precipitation reacbing one Inch and aeventy'two
hundredths. The thermometer baa averaged 09, ranciliMr
from
to 74.
L'olumtmt, aeorgia,—Vf» have bad tain on three days of
the week, the rainfall reaching three inches. 1 he thermometer has ranged from 80 to 60, averaging 4.1.
Savannah, Oeorj/ia.— There has been rain f)n three days of
the week, to the extent of one inch and thirty-two hondredtba.
Average thermometer 58, hiirhest 76, lowest 41.
Avgvta, Oeorgia. We have had light rain on two days of
the week, the precipitation reaching eleven hundredtba of an
inch. The thermometer haa avera^^ed 44, the highest being
m
—
and the loweat
01
83.
—
I'dock
December
22. 1892,
The thermometer ha.s averaged 42, ranging from 35 to 49.
Columbus, Mississippi. Eighty per cent of the crop in
—
section has been marketed. Tlieie has been a precipitation of
three inches and twenty hundredths on three days of the
past week. The thermometer has ranged from 24 to 66,
averaging 40,
Leland, Mississippi. We have had rain during the week to
the extent of two inches and eighty-live hundredths.
Average thermometer 47'6, highest 88, lowest 32.
Little Hock, Arkansas.
We have passed another week with
only one day of sunshine, and there has been rain on three
days, the precipitation reaching two inihes and thirty hundredths. The thermometer has averaged 36, ranging from 27
to 47.
—
Selena, Arkansas. There is but little cotton left to pick.
There has teen rain on five days of the week, heavy on one,
the precipitation reaching one inch and eighty-nine hundredths.
At>ove low- water mark.
—
—
Dee. 23. '91.
40
13 1
20-fi
..Above low-water mark.
Above low- water mark.
rttt.
4-9
Above low-water niark.
Above low-wateniiark.
24-3
19-8
Nashville
Shreveport....
Vioks 'iirK
102
3-7
1-3
141
—
tRDiA COTTOii MovKMBNT FROM Aix FOBT8. The receipt*
t'ipments of cotton at Bombay have been as follows for
Uhe weeK and year, bringing the figures down to Dec. 23.
BOMBAT BKCKIPTS AND SaiPMBITrS FOR rODB IBABS.
Shipmau* this week. BKipments tine* Sept. 1.
and
ereat Oonti- _ , ,
Oreat
BriVn. nmt. ^o""- Britain
Oontinent.
Omitineni.
Brilain.
Total.
2,000
eine*
aepLl.
02.000140.000
50,00015.000
43.00030.000
1^8.000 6\000l
174,000
124,000
214.000
817.000
Shipmentt Hnee Sept.
Shipments for tht veek.
Oreat
TMt
Week.
ToUU.
87.000
46.000
37.000
94.000
1892
16,000 16,000
5,000
3,000 8,000
4.000
1891
1890 1.000 .%,0<iO 6.000
6,000
1889 7,00oi23.000l30.000 34.000
Britain.
Continent.
1.
Total.
2,000
3,000
5.000
7,000
7,000
10,000
13,000
13,000
2,000
6.000
8,000
19,000
31,000
Madras—
1,000
1.000
1.000
1892
1891
others—
1892
1891
1,000
14,000
17,000
21.000
15,000
35.000
32,000
1,000
3,000
29,000
33,000
32,000
30,000
61,000
63,000
All
Total
aU-
1892.
1801.
1,000
1.000
2.000
BXrOSTB TO BUSOFB FBOM ALL INDIA.
Bhipments
Surope
This
to all
from—
1891.
Sitice
Sept. 1.
wstek.
Bombay
IhU
voeek.
16.000
1,000
Total
92.000
61.000
153,000
6.000
1890.
This
wee*.
Since
Sept.X.
Sines
SepUI.
6,000
8,000
43,000
76,000
113,000! 14,000
118,000
50.000
63.000
3.000
3,000
17,000l
4X1 other porta.
Alkxandria Receipts and SeiPMEirre.—Through arrange*
mente we have made with Messrs. Davies, Benachi Sc Co., of
Liverpool and Alexandria, we now receive a weekly cable of
tho movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for tho
oorreeponding week of the previous two years.
Alexandria, Kovpt,
Detemher
21.
1890.
1891.
1892.
SeeelptB (can tars*)
This week
Binoe Rept.
—
Memphis, Tennessee. We have had rain on three days of
the week, the precipitation reaching three inches and forty
hundredths, and it is now raining.
Average thermometer
36-3, highest 464 and lowest 24-8.
Nashville, Tennessee. Rain haa fallen on four days of the
week, to the extent of two inches and twenty-eight htmdredths. The tht- rmometer has averaged 33, the highest being
48 and the lowest 20.
Montgomery, Mabama. Ice formed this morning in this
vicinity.
R:iin ha^ fallen on Ave days of the week, the rainfall being two inches and seventy-seven hundredths.
The
thermometer has averaged 47, ranging from 89 to 64.
M.
Memphis
—
—
189L
Nflw Orleans
1892.
this
28,
reel.
had rain on three days during
the week, the precipitation teing one inch and fourteen hun- Oalontta—
1892
dredth.s.
The thermometer has ranged from 29 to 57, aver1891
—
and December
Dee. 22,
— There will be no more picking done of
highest 58, lowest 30.
New Orleans, liouinana. The week's rainfall has been three
inches and sixty-five hundredths, on four days. The thermomeler has averaged 50.
Shreveport, Louisiana.— 'Raia has fallen on two days of the
week, the rainfall being two inches and fifty -two hundredths.
—
Charleston, South Carolina. There has been rain on three
days of the pant week, tho rainfall reaching thirty-nine
hundredths of an inch. The thermometer has avera ged IT,
ranging from 42 to 73.
Stateburg, South Carolina. We have had rain on three
days of the week, the rainfall reiching thirty-four hundredtba
of an inch. The thermometer has ranged from 88 to 71° 5,
averaging 50'5.
Wilson, North Carolina.— Telegram not received.
The following statement we have alao received t>y telegraph
•nowing the height of the rivers at the nointa named at 8
We have
—
:
;
27-5
49,
aging 43.
Weatherford, Texas. We have had rain on two days of the
week, the rainfall reaching eighty-three hundredths of an inch.
Picking is practically at an end. Average thermometer 44,
Th*
ha.
..,..79.
n wmIi to
'
i4i4/mrn.
1
1.
This
week. Sept. I,
15.000 190.000 10,000 191.000
10,000il00,000| 8.000 63.000
9.000 14S,00»
7,000 84.00»
This
Binet
week. Sept. 1.
KiportB(balea)
T& Liverpool
ToCX)ntlDenl
160.000
3.S07.000
180.000
8,089.000
210,000
S.666.000
\
Thie
week.
Since
MpC
125.000 308.000 19.000 254.000 ,16,000 229.000
Total Enrope
A auitar ta 98 Doanda.
This statement shows that the receipt for the week endlnC
Dec. 21 were 240,000 cantars and the ahipmenU to all Europ*
20,000 balee.
'
—
;
.
THE CHRONICLE.
1086
—
Manchester Market. Our report received by cable to-night
from Manchester states that tlie market continues firm for
both yarns and shirtings. Stocks of both yarns and goods are
decreasing. We give the prices for to-day below and leave
those for previous weeks of this and last year for oomparisoo:
1892.
8H
32s Oop.
TwUt.
" 25 7*1
Deo. 2
" 9
" 16
" 23
®8ia
®8i«
®8Ja
®858
as^e
7%
7%
7%
7%
«.
d.
B.
d.
d.
6 -a?
7>«®7 2
5 7i«®7 2
5 7is®7 3
5
5
97
®7
8
8
d.
5%
d.
d.
8.
7>s»7
7i«®7
®7»8 5 7 ®6
a7>s 5 6'«a6 10i«
7
53l6
5 14
514
d.
Mid
VpUl
5
7% ®7%
.')'4
3»i!
B.
'»7S8
d.
415i8 7
S"*
S't lbs.
Shirtings.
Twist.
Uplda
5
5
OoU'r
32» Oop.
if id.
ahirtingi.
d
d.
Kv.lSTH ®8Ja
1891.
.
Ibt.
6''s
5
6% -31713
6% ®7i4
4'i„
413
H
6iii®8 lOHi
6 ®6 11
5
5
4W«
1
46,6
414
414
—
Jute Butts, Bagging, &c. Business in jute bagging has
been very light during the week under review, but prices
have undergone no change, the close to-night being at 53>^c.
for IV lbs., 6c. for 2 lbs., and ^%c. for standard grades. Jute
butts have been without activity and quotations this evening
are \%c. for paper grades and 3c. for bagging quality on tlie
spot.
Cotton Estimates
of
Cotton Exchange.
Memphis
—
Eighty-nine members of the Memphis Cotton Exchange have
made estimates of the total yield of the American cotton crop
for the year 1892-93. The hij^hest on the list is 7,250,000 bales
and the lowest 5,700,000 bales, a variation of 1,550,000 bales.
The average of all the estimates is 6,453,999 bales.
Exports op Cotton Goods from Great Britain.— Below
give the exports of cotton yam, goods, &o., from Great
Britain for the month of November and since January 1 in
1892 and 1891, as compiled by ua from tae British lioard
we
of Trade returns. It will be noticed that
the movement all to pounds.
we have reduced
[Vol. LV,
001 last estimate, which we maintain at about 5.000,000 cantars. The
crop was marketed earlier than usual, so that much less ctitton remains
band than in other years at thi< season.
in cultivators'
—
East India Crop, The following is from the Bombay
Prices Current, dated November 26
The telegrams received from the cotton-growing districts on Monday
did little more than repeat the advices which were wired last Thursday, the weather in all the circles haying meantime been bright and
seasonable. Only slight damage was expected to have been caused by
the late rain to the crop at Barsee in the Oomrawuttee circle and the
estimated out-turn in that district was 75 per cent At Julgaum, In
the same circle, picking had become general, but cotton was arriving
in only small quantities at the marts in this and the Bengals circles.
No further report came to hand from Broach, but seasonaile weather
continued throughout the Dhollera circle, and at Hubli, Inthe Dhar;
:
war circle, the plants could scarcely look better than they did.
Advices to hand from the districts reported no change in the favorable state of the weather and the condition of the cotton crop since
the beginning of the week The report from Broach stated that the
plants were flourishing and in flower.
—
Shipping News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
129.684 bales. So far as the Southern ports are concerned, thsee
are the same exports reported by telegraph and published in
the Chronicle last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday.
Total bales-
New York—To
Liverpool, per steamers Naronlc, 4,182
Nasmyth, 335
To Hull, per steamer Merengo, 1,123
Mohawk, 300
To Londo», per steamers America, 200
To Havre, per steamer La Champagne, 1,305
To Breincn, per 8t>-amer Elbe, 5 lO
To Hamburg, per steamer Bohemia, 225
To Rotterdam, per steamer Maa'idam, 87
Nederland,
To Antwern, per steamers Frlesland, 431
l,0m ...Othello, 1,636
To Barcelona, per steamer Moorish Prince, 100
To Genoa, pur steamers Giava, 1,700 ...Kaiser Wilhelm IL,
450 ..Stura, 1,136
fBvr Orleans— To Liverpool, per steamers Costa RIoau. 3,5i0
...
Discoverer. 3.150... Louisiana, 6,583
..
S00< omitted.
1892.
1891.
20.991
20,0t2
23,568
23,988
89,741
Fds.
403,774
443,181
22,182
448,751
1891.
Lbs.
January
February
March
Yia.
412,562
423,178
428,798
Navarro,
2otal 0/ AV.
Cloth.
1892.
1891.
1892.
Lha.
77,203
84,738
Lht.
78,722
80,750
85,800
81,831
Lbs.
98.194
108,304
109,786
Tot.lst qnar
68,04.S
64,985 1,295.706 1,284,528 247,741 241,303
April
May
20,019
18,841
22,768
20,898
Jone
Tot. 3d quar.
1891.
Lbi.
9S,7«4
103,491
316,284
306,268
75.618
91,415
75,891
17.488
20.494
381,473
367,204
72,800
70,077
94,532
84,008
93,698
90,571
86,346
64,153 1,117,178 1,144,391 213.609 218,395
269,955
282,550
July
18,959
23,192
417,S5<1
410,301
98,759
101,589
Anffiist
21,050
406,562
398,325
414,989
416.700
98,779
98,429
102,006
22,287
22,900
23.844
62,278
e9.»3rt 1,222.248 1.242.8911 233.691 237,116
295,»«-
307,052
896,814
8S2.206
84,125
97.115
104,011
1.660
1.640
21,781'
Tot. 3d Qoar
Total9mo9.. 187,166 199.056
October
NOTember...
21,' ISO
22.882
23.278
21.112
3,651,401)
396,143
422.715
440,815
399,496
79,523
76.035
81.H5 76,210
BtockiaKS and sockfl.
Sundry articles
Total exports of cotton
mannf actores
103.387
1,108,627 1,123,306
The foregoing allows that there haa been exported from tne
United Kingdom during the eleven months 1,108,627,000 lbs. of
manufactured cotton, against 1,123,306,000
lbs. last year, or a
decrease of 16,679,000 lbs.
further matter of interest is the destination of these
•xports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
countries during November and since January 1 in each of the
last three years:
BXPOBTS OF PIECE OOODS AKD TARSS TO PRISCIPAI, COtTNTBIES IH
NOVEMBER, AND FROM JANUARY 1 TO NOVEMBER 30.
A
PUct
Jan.
November.
Qoods.
I to
Nov. 30.
(000s oniittcii.)
1861.
Bast Indies
Turkey. Egypt and Africa...
China and Japan
Europe (except Turkey)
South America
North America
1890.
1892.
1891.
1890.
All other countries
191,000 187.152 157,659 1,944,280 1,948,41412,078,161
596.483 685,695! 1307,440
58,326 58.320 61.888
529,785! 574.345
608.739
47,057 46.004 61,515
22,257 24,957 23.8r)l
251.517
320.433 320,194
469,368
62,128 38,3«2 50,288 831,.5S0 441,823
255..110
21,334 2S,21M 22,T79
278.236
301,929
285.79?
22,613 21.488 26,912
290,935] 259.440
Total yards..
Total value..
482,715 399,496 394,910 4,463.988 4,492.720 4,668,875
£4,052 *4,106 £4,284 £44,631 £48,002 £49.232
Tama.
(000s omitted.)
Holland
(Germany
0th. Europe (except Turkey)
East Indies
Ghiuaand Japan
Turaey and Egypt
.'
All other countries
ToUl
lbs
Total Talue..
3,470
2,1<33
4,579
3,rt»2
2,766
2.754
2,646
2,165
4,818
4,597
1,535
2,737
3.018
2,861
5,03>-
4,318
2,556
2,H51
83.112
27,361
42,886
3ll,3«
S9,8"2
8a.591
1,116
l,0-<3
90B
U,l7l
21,31)0
19,581
i>i68
21,650
216,8)9
£8.952
^867
1 1,043
29,649
28.298!
51.2471
4H,705I
28,2.33!
32,158!
10,676!
31,681
30,763
60,1151
47,378
38.239
30.758
9,448
226,984 "237,188
£10.3541 £U.3i2
Egyptian Cotton Crop.— The following is the report of
the Alexandria General Produca Association for the month of
Novem ler
Since tile end of October or the first dars of Novetnlier pickia? may
be considered to have termin ited, aod the cultlv;itor8 have nearly
•very whore rooted up the cotton trees. The CliarkieU and Galioubleh
are reported asliaving given the best results. The .Menoutteh and part
of Qarbieh follow with a certain increise of crop. On the other hand,
the provinces of Behora and Dakahlieh were less favored, and in
many districts even a diminution is spolcen of. This information greatly
oonfirms that of our previous resume, and does not induce us to modify
100
3,236
50
4,700
2,000
14,092
Rio Tlnto, 4,492
21,041
.
3,208
19,510
To Bremen, per steamers Armenia, 6,190
107,403
97,352
September
550
225
87
..."
To Antwerp, per steamer Marseille. 50.
To Barcelona, per steamer Juan Foreas, 4,700
To Malaga, p»r steamer Juan Forgas, 2,000
3AI.VE8TON— To Liverpool, per steamers Quantock, 9,600
98.281
395,866
347,911
78,397
79,196
.
00
...Tresoo. 6,309.. 12,499
.,
To Bremen, per steamer Holyrood, 5,450
Norfolk— To Liverpool, per steamers Glengoll, 2,922
71,.3He
79,800
77,729
76,162
Marseille, 5,111
104,013
395.714
500
1,305
19,303
6,6 J9
Brunswick— To Liverpool, per steamer M.mkseaton, 3,908
Wilmington—To Liverpool, per steamer Sandhill, 6,060
373.401
86,622
7,
4,517
1,123
Niceto,3,800
Yucatan, 2,220
To Havre, per steamers Guide,
Yam&Threai.
—
:
.
.
Madrileno. .^33
West Point—To Liverpool, per steamer Ambrlz, 4,321
Boston—To Liverpool, per steamers Bostonian, 625 ...Pales...Roman, 1,744
Liverpool, per steamers Assyrian, 2,754
Parkmore, 1.536 ..Ros^more, 4,541
...............
To Havre, per steamer Alma, 1,065
To Bremen, per steamer Braunschweig, 968
,
To Amsterdam, per steamer P. Caland, 1,300
Urbino, 508
To Rotterdam, per steamers Nerano, 1,864
Venango. 570
Philadelphia— To Liverpool, per steamer Ohio, 272
tine, 1.688.
3,908
6,060
5,450
3,455
4,321
4,057
Baltimore- To
968
1,300
2,942
272
129,684
Total
The
8,831
1,065
particulars of these sliipments, arranged in our usual
form, are as follows:
Baltimore.
6,060
3.455
4,321
4,0i7
8,831
Bremen Rotle'- BarceHull
f£ Ham. dam *£ lona dt
London. Havre, bura. Antw^p. Malaga G.^noa. Total.
100 3,286 14,901
775 3,295
1,623 1,305
50 6,700
45.563
19,510
26.591
12,499
3,908
...
11,510
5,450
....
3,455
....
4,321
......
......
......
.....a
4,057
15,106
4,242
1,06>
968
Philadel'a.
272
272
Liverpool.
»ew York.
4,517
Orleans. 19,3u3
Galveston. 14,092
ST.
Brunswick
^Umtngt'n
Norfolk....
West Point
Boston
3,90-!
rf
1,623 21,880 19.692 7,537 6,800 3,286 129,681
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Galveston—To Llveroool-Deo. 15 -Steamer Powderhim, 6,867
Total.... 68.816
Deo.
21— Steamer
Abarenda, 8,686.
To Havre— Drtd. 15— Steamer
St. Clears,
6,744. ...Dao.
19-Steamer
White Jacket, 5,9S8.
To Bremen- Dec. iZ-Steam'^rs Blrdoswald, 3,43 1; Hampton, 5,490.
Velasco— To Liverpool— Dec. 21— Steamer ritauio. 1,000.
Sew Orleans— To Ltverpool-Djc. 11— Steamers Alicia. 4,1'iO; Serapis,
Deo, 23-Steamer
324. ...Dec. 19— Steamer Caxton, 4,350
Mlrsi. 5,400.
To Havre- Dec. 17-8ceamer NIoaraguan, 4,887.. .Dec. 21— Steamer
Redruth, 6,032.
Mobile— To Llveroool— Dec. 21— Steamer Regnant. 5.178.
Deo. 20SAVANNAH- To Genoa— Deo. 17 -Steamer EgUutine, 3,850
Httmmer Athens. 5.998.
19 -Steamer Strathspey, 2,100.
BaUNswiOK- To Bremen— Deo.
Norfolk- To Liverpool -Deo. 2 1 -Steamer Flamsteed, 166.
To Bremen Dee. 16— Steamer Alvah, 3,015.
West Poist -To Liveroo'd -Do. lit -Steamer Fore.stholme, 6,6o0. —
Boston- ro Liverpool -Deo. 13— Steamer Georgian, 2,325 ...Dec. 18
8tream"rs C.iinbroioa i. 2.6'>5; Cephalonia, 2,042; Venetian, 3,313
Deo 19— Steamer Ottoman, 2,809.
BALTIMORE— To Liverpool -Dec. 15-.steamer Meutmoi-e, l.SiO.
To Belfast -Dec. 17 Steiimer Lord Erne. 1,400.
To H imburg Drto. 17—Steaner Virginia. 545.
To Rotterdam -Deo. 13 St amer Adellna Patti, l,35o ...Deo. 15Siearaer 8chieda:n, 39-i ...D v. 16 -Steam sr Chicago, 105.
To Antwerp -Deo. 2 -Ste liner Otrauto. i, 19.).
Philadelphia—To Liverpool— Deo 20— Steamer British Prince, 636.
To Antwerp -Dec. 20 -Steamer Pennsylvania, 10.
Below we give all news received to date of disasters to
vessels carrying cotton from United .States ports, &c.
Bejidi, steamer (Bi-.), which arrived at Liverpool Dec. 12. from Galveston, had 300 bales of cotton damaged by the nre In the forehold.
Cotton freights the past week have been as follows:
:
.
'
.
1
THE CHRONiOLE.
DVCU(BKX M, 18M.J
Hon.
Satur.
Tu4t.
fH.
Aitrf.
railiut.
" •horta
Bnvrc,
Do
d.
Do
••4
..*.
*••
,,.,
•
d.
Do
....
DO
....
....
....
•a.
•u
.—
....
•
•
>••
•••
»w
•m
....
8ft*
a.^*
»l««'4
»u»««
»ia»««
»ia»'«
•la*"*
...a
....
....
li
"«
•«
4
>«
»ia
'»«
1
»ia
»i«
•la
»ia
'la
....
U***
Ta**"*
—
'a4»««
''<u»>«
....
...
''***'•
—
»a4»>«
....
....
lb«.
—By cable from Liveroool wo have the foUowir g
sale-i,
stonks, Ac,., at that port:
Dee. 2.
Balaaof the week
balea.
Of whloh exporters took....
Of whti^h apooalatora took..
Balea Aiuorluan
Aotaal export
Forwardpd.
68,000'
1,275.000
.
Of whloh Ami'rioan— Eatdm'd 1,099.000
Total Import of the week
187.000
.,
Of whloh AiiierioaD
143,000
Amount afloat
371.000
Of which Amerloan
aaa.ooo
;. ...
Total ntoi'k— Rfitlinated
.
Dee. IS
Dee. 9.
61.000
6.700
11,600
S0,000
13,000
36.000
a,7oo
5,000
31,000
9.000
59.000
1 .352.000 1
4fl«.000
,1H3 OOO
277.000
174.000
14S,000
216.000
1
1
46.000
13-i.ooo:
312.0001
305.000l
Dec 23
86,000
3,000
14,000
31.000
IS.OOO
51,000
1
210,0<^0
51,000
4.000
13.900
48.000
7,000
.10,000
1, ,544
1,
000
.351,000
145.000
121,000
176,000
170,000
The tone of the Liverpool mirket for spots and futurea each
day of the week ending Dec. 23, and the daily closing price!=
of spot cotton, have baen as follows:
Saturday Xonday. niatday. Wtdnet. Thta-tdPy. *Hda»
Market,
1:45
P.
StaadT.
rirm.
5>4
M.
5>4
Mld.Cpl'<ls
7.000
3.000
Balee
Bpeo. <hezp.
Baalar.
p.
Firmer.
6>4
8>4
10,000
1,500
8.000
Steady,
3-<M«4.a4
Baalar.
Barely
aupportad
514
8.000
1,030
Future*.
Market,
1:45
««4ad
Taaoe.
Harket,
4 P.M.
8,000
1,000
5,000
1,000
decline.
Steady.
dnlat.
Steady
at
2-14 ad.
Quiet at
IV ui'iiv.r.M.
.11
hard
«t
m
''
Ill-day thi» raarki't wiw omaideton rtrong'vr foreign adrloee and
deollna.
ollne.
77%
78% 78>*
77%
79%
80%
79%
M% 80>t
M%
80
79%
80%
81if
80%
81%
July delivery
0.
80%
80%
Indian corn future* have l>een more active, bat at declining
prices, due to sclliog by long holders to realize profits prompted
oyan increising movement of the crop. The ipot market baa
been quiet and we ik. Yesterday's sale* included No. 3 mixed
at 48Jio. in elevator and 49Ji'5,(S40%o. delivered, at 48^o.®
49,1^0. in elevat<)r, and steamer yellow at SOc. in elevator. Today the market was dull and prices weakened a trifle due to
larger receipts in the int 'rior.
The spot market was fairly
active and steady, shippers being mod<*rate buyer*. Sale* included No. 3 mixed at 48^c. in elevator and 49,SgC. delivered ;
No. 2 white at 491^",. in elevator and steamer yeUow at 49}^c.
Mil
M
y
77%
77S
79%
o.
0.
,
Juuc
79't
e
lolivery
@50o. delivered.
DAILY OIXMIXO PRIOBS OP HO. 3 MrXED OOBlf.
Wed.
Tkun.
Tuf.
Sat.
Xon.
....0.
50%
50
January delivery
Fobruary deUvery
c.
0.
0.
0.
5078
60%
January dt-Ilvery
February deUvery
l*ay deUvery
49%
49%
50%
UK
FT".
4S%
48%
4.»'8
49''9
50%
4»3b
o.
o.
c.
Oflcember delivery
51%
51
49%
50
50'%
....
61
52
51%
5'J'a
March rtellvury
51%
51%
81%
MaydnUvory
52%
52%
ei'a
Oats have been quiet and price) hive declined to a moderate
extent, in sympathy with the weakness in com. To-day the
market was dull but steady.
DAU.T OUlU.tO PRIOBS OP HO. 2 MIXBD OATS.
Wed.
Tkure.
Frt.
Tuet.
SoL
Mon.
36%
36%
36%
Oeoemher delivery
86%
36%
o
Qnlai at
de-
86''g
3fl»8
37
36%
36%
36%
37%
87%
37%
37%
37%
37%
88»*
33'*
88'9
89%
38%
39%
but, owing to limited supplies, prices are
Rye has been dull,
a shade better. Barley has been quiet but steady.
The following are closing quotations
anoe.
Doll.
atmSy.
FLODB.
M4
Qalat and Quiet and
•taady.
highest, lowest and closing prices of futures
at Liverpjol for eich day are given below. Prices are on
the basis of Uplanls, Low Middling clause, unless otherwise
stated
The opening,
»
fine
iaperllne
Extra, Mo. 2
Extra, So. 1
Clears
bbl.
Open High L0«.
4.
d.
d.
Hi
513
Deo-^an.... 5 13 511 513
6 15 514
Jan.- Feb... 8U
Feb.-Moh... 516 517 515
Il<*.-Apru. 5 19 5 18 Sl»
Aprtl-May.. 5!1 6«e 5 21
May.jBne.. Bit iU 624
Jana-Jaly.. 526 sea 5 2a
Joly-Aug... 5!8 528 528
Dacembar.. 613
Oiwn H<«k Cow.
Clot.
<L
d.
514
614
d.
614 514
6 14 614
615 616
617 617
619 5 20
5*2 522
624 6 24
626 624
628 528
5 15
617
5 1»
6 22
624
52d
6 2i
Wed., Dec. 31.
A
Olot.
A
613 613
5 13
6 13
6:4 614
6ia 6.7
5 18 619
6 21
6 21
5 24
523
525 596
527 528
Thar... Deo.
'J3.
Taea.. Dec.
0pm
ao
Bith Low.
Olot
A
A
A
SOS
503
509
612
614
616
ei8
500
500
510
513
515
608
606
500
1
2 25
2 269 3 00
Com meal—
We8tem,d»
Brandywlne
409 4 10
4 20« 4 55 Buckwheat flour
285*335
5 15
517
6 20
5 22
521
[Wheat
Silk
L«.
4.
i.
d.
Oloa Op*H sn«a Law. Olu.
<L
<t
6W
A
A
609
609
600
611
d.
609
600
610
5 13 513 511
Jan..Keb
512
rab..Mcb... SIS 5 1« 5 14
614 614
lieh..Aprll. 6 18 6 18 5 16
AprU-May.. 5!0 5«0 518 6 19
616 616
May -June.. 6«8 5 23 5 21 5 21 5 18
618 610
June-July.. 524 525 521 5»S 620 5 21 590 5 21
July.Aug... 5J« 627 5 2. 525< 622 623 522 62d
December.. 6 IS 513
6U
. .
5 IS
511
5 11
611
511
511
614
517
soe
609
511
614
6ia
600
609
610
612
614
5ia
519
2
81V
0.
jprlsK, t>erbaab...
2..
Red winter No
aed winter
6r
•
75% »
63
White
lata—MUed..V ba.
White
No. 2 mixed
No. 2 white
•
6'.
9
sa below tboae tor bairela.l
GRAIN.
0.
0.
Uorn, per bash.82
Weat'D mixed
44 «
4-1% 9
77
Steamer No 2
Weatern yellow .. 46 »
7S
Western white .... 46 »
7H
3S
47
Weetem, per bush. 54 9
0.
51
49%
62
52
35%9
40 a
6)
State and Jersey.
3b%» 37%
5t « 60
Barley— No.2Wost'n. 7.S i» HO
42 « 41
TO « 75
State 2-rowed
8U a 85
State 6-rowed
The m)vement of brealstulj to mirk^t is inl ca'^ 1 in ch e
itatement below, prep ired by us from the fl.{ure3 of the Ne v
We flrst give the receipts at
York Produce Exchange.
Western lake and river ports, arrange! so as to present the
comparative movement for the week ending Djj. 17. tSSi,
and since August 1, for each of tht last three vears:
FrI., Dec. ;t3
0pm
A
Mi,. Low.
Wour.
A
A
608 500 soa
60S 600 508
500 600 6 00
6 11 511 511
6 13 614 613
BI6 616 6 15
518 518 618
620 6S0 8 20
692 629 622
4
609
5 0J
500
5 11
6H
SIS
5 18
520
i3i
BREADSTUFFS.
Fridat, December 23, 1892.
The market for flour during the fore part of the week w.i8
dull and values were weak, but later a rally in wheal led to
an increased demand and prices ruled firm. Corn meal has
been quit-t, Imt the choi.-e grades have ruled steady, though
other s'ock has weikeael with corn. To-diy there was a fair
trade in spring floui- at full prices. Corn meal was dull and
unchanged.
wheat have beon slow, an 1
prices declined a trifle during the early part of the week, due
to a miterial increase in the supply in si^ht, weaker foreign
advices and a continued free movement of the crop; but yesterday the market t ) jk quite a turn upward on buying ly
TDkeot.
Com.
B^rlty.
0.1U.
Rut.
BMl IBOUm Biuh.60UM BiuKAiUu SluA.33 Um BlHk.4S 15, BU.S6
Olo,.
1
stp'culative dealings in
65*
3 85(» 4 20
flour In aaoks aeUa at prio
fUettpti at-
0pm
2 90
175a> 18$
Patent, winter
613
514
6 17 516
520 518
6 21 622 5 21
623 624 623
3
3
Jtralifhta
Patent, aprlni;
6 10
6 12
A
500
509
•3f:5'|4 0O
7O«92 0O city mills extras.
80» 2 15 Bye floor, auperllne. 3 00» 3 30
$1
1953
Tueat—
.Uon., Dec. 19.
Sat., Die. XI.
The
and ^o.
:
Buy at
Steady at
M.
Dec -J an....
•
'
«ia»>»«4 ijg.ia,. »U«>»fi »,»»l«M •ia»i€4
statement of tlw week's
Spot.
reil
jmtndtT
oalen
ably higher early in the dor
an unfavorable report by Ohio Httt<i Board of A^icultm*.
but lator the improvement was lo4t under aelling by " longs
to really^ proflui. The spot mark-t w.u i|iii>«t. Hale* Included No. 3 hard winter at 3,'i'^. under Miy delivi'rwl.
DAILT OUMIHO raiOM or HO. a B8D WlimiB WHIAT.
Ifatl.
Von.
IVaa.
Thur:
75>»
74%
75%
Daouabar iMlTWT
74>o
74H
75^8
75'4
74^*
76
Janii >ry il«Ilverr
0. 7S
74''a
' wery
7610
....
76
77%
77%
o.
...
F'-
84*
.•*
The
o, b., afl
-•
*ia
88*
-
I.!., f.
4'ui-. uiiciKr
8ft*
.--.
d.
Liverpool.
»i«
i
>•
^Sl
Antwerp, ateam. d.
Ctmta per 100
•u
•m
>•>•
d.
Do
.;..
»!•
....
d.
B'lonn.vta M'nl'ad.
Oenou, «U'ikm...d
TrHate.v. Loml'n d.
....
•
.•
"•••«
•8>
ttittiud.
oovar over the holidays and lUadicr foralgo 84>
spot markrt hnx bron quiet.
«
»ia
•••
•w
1087
111'
t«».l
"••'»»
8««
AiuA'Uam, iteam.e.
Reval, ateam ...d. •la*"*
*
•m
••4
•#»»«
•tenm..<f.
UaiuburK,
»«4
.--.
r(.
it>'aiu...r<.
Breuen,
*M
>•••
•m
Intor.
Do
ntoain.ii
" to
The
tIpm.
Urerpool,
.
.
I
....
132.0.12
Vlllwattkee...
38,236
Obloafco
Oulnth.
783
1M.0.XI
2.5IU
116.444
6.321
10.534
282.519
12.550
roledo
23.210
Peoria
Tot.wk.
5.25')
•rk.'Ol.
2ai.4'l
261.123
wk.'»0.
109.301
'92.
Unct Aug.
151.300
i6i.eo
176.336
1.5J
20.658
66. ISO
Uu.
25,045
21A10
48
8.11
21.138
ssi.ta
2W.80'1
2.0])
61.057
1A367
86. SO
181,121
236,310
5.M9,9H
2.331. lO
6.051,013
2.566.310
3 42.1.701
58.8011
1.833.410
2.003.465
1.567,511
1.80]
1303.312
049.763
980.710
739.«t«
8S.aO)
s.aoo
228. iSl
uo.seo
1.
V
6.54
89 140.219.13S
5.18I.50J 137.385,814
1802
1891
18110
46.140
565.l>3U,
1.130.154
2.013.080
Idtnneapolla.
Detroit
Cleraland...
jt.I,onli
jame
iuae
234.05
00.).791
1.7«2.4i«8
..
.
946.1.S8
1
.M.'us.O'ia
52. 251.010
43,719.70J
19.291.033
17.7S1.289 4.043,766
11.71S.6I1 11.717.717
61.110.180
10.75 J.-i-W
4'1.74S..'>35
10.S57.'85l 2i2^8.^70
4.800.266
The receipts of
week ended Dec.
flour and grain at the seatx>ard p >rts for the
*
17, I89i, follow:
Oati,
BtrUif,
Ry*,
Ffour,
Tkeal,
Corn,
A.t—
bblt.
.<»ew York...l«4.1i)i
Boston
97,212
Uontreal ... 26.075
Philadelphia 63.<83
Baltimore... 4-* l')7
AiwA.
btuh.
7l2.7iO
118,0H
2il2,'r.O 111.5 !5
17,600
10). 79-3
181,910
211..52J
1
2^.^55
124,602
4.731
31.400
biuk.
17.726
biuK.
«H
2Ui,i»ol
in9.5tS3
224.6'>1
6.4S3
417,200
',174
33,l)J
Tot.week..445.093 1,'91.2 9
79).161
Richmond...
.^.•280
New Orleans.
10,93Z
HG.3.'>3
biuk.
1.93
>
37.i>Oil
I.9J1
3.000
16.654
lO.Jli
22,371
rt93.3lO 191.5S2
Week 1891 414.606 2,9.6.82} 2,679,514 1,141,791 297,473
39.0^&
93,eoa
^
.
.
THE CHRONICLR
i08S
[Vol. LV.
1392.
Below are the rail shipmeats of flour and grain from
Western lake and river ports for four years:
1892.
1891.
1890.
1889.
Week
Week
Week
Week
Dec. 19
Dec. 20.
Dee. 21.
422,462
415,163
336,710
403,3^7
bWs.
WUeat
bush. 1,066,732
943,522
l,370,7Si
451,726
80,358
Corn
Oats
Barley
Rye
Great Britain
Dec. 17.
I
Hour
719.306
842.447
l,'2:»4,166
2,676.283
1,761,537
506,320
201,672
1,262,007
359,802
95,096
422.930
3,767,846
1,151,016
222,449
138,215
165
48
1,022
13
2,435
187,118
18,420
2,052
1,000
2,435
205,538
3,052
239,088
i6
Arabia
"8
Africa
West Indies
428
34
252
Mexico
Bush.
385,186
122,312
42,685
Flour.
Oats.
Rye.
Pea*.
Bush.
7,649
Bush.
Bush.
4,833
Btiih.
Bbls.
451,590
88,470
130,893
48,788
206^296
274,596
531,015
317,288
23i",445
1.142
1.204
18,435
9,511
111,040
4,086
25,982
week 1,579,378
994,176
341,575
18,922
17,143
4.833
594,343
386,977
322,391
211.247
100.850
Boston. .
Portland.
Norfolk..
PliUadel.
Baltim're
V. Orl'ns.
News.
209.314
3,346
17ii43
"hed
B'me time
1891... 3,275,867
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake aud seaboard
ports, Dec. 17, 1892:
Oorn,
Oats,
Barley
Rue.
bush.
bush.
In store atbush.
bush.
busfi.
New York... .13,913,000 2,268,000 2.023,000
9 3,000
55.000
Do afloat
1,479,000
190,000
465,000
32.000
69.000
Albany
22,000
36,000
15,000
56,000
Buffalo
4,844,000
271,000
103,000 142,000 1,003,000
Do afloat ... 612.000
210,000
Chicago
11,111,000 4,568.000 2,453,000 42'7i000
42i600
52 '5.000
Do afloat -.
205.0)0
Milwaukee
2,208,000
20,000
100,000 110,000 166,000
Duluth
12,133,000
Do afloat....
571,000
3,?i79,000
Toledo
275,000
86,000 122,000
Detroit
1,482.000
49,000
25,000
5,000 103.000
Oswftgo
19J.000
Bt Louis
6,518.000
827;00O
171,000
45,066 112.000
"""
Cincinnati
7,000
7,000
16,000 114,000
Boston
188,000
195,000
23,000
10.000
1,000
Toronto
283,000
28,000
84,000
Montreal
412,000
...
15,000
189,000
"'8,o66
73,000
Philadelpbia.
1,480,000
32^,000
H8,000
Peoria
113,000
169,000
205,000
41,000
"leiobo
Indianapolis...
475.000
90,000
100,0 JO
9.000
Kansas City... 1,344,000
161.000
123.000
67,000
l,fi03,'>00
Baltimore
305,000
76.000 137,000
Minneapolis... 11,343,00J
23,000
109,000
1,000
152,000
On Mississippi.
61,000
2,000
On lakes
135,000
34,O05
On canal &river
68,000
^
.
.
Tot.
Tot.
Tot.
Tot.
Tot.
Deo. 17,'92. 73,3 2 1.000 10,724.000 6.632,000 1,271,000 2,231.000
Dec.10,'92. 73,571.000 10,711,000 7,027.00r) 1,350.000 2,233.0 lO
nec.l9,'91. 43,262.314 3,91.5,022 3,843,069 2,436.260 2,12-1.109
Deo.20,'90.'!5,364.763 2,117.3J2 3.451.432
479.7214,233.028
Dee21,'89-3l,274.799 5,836,957 4.35 J.277 1,251,6 JO 2,519,933
THE DRY GOODS TRADE.
New York,
The quietude
Friday. P. M.. December 23, 1892.
market during the past week so far as
new business is concerned has been quite pronounced. There
have been fewer buyers around than at any time since the
first stages of the late activity, and their purchases have been
restricted, either by an unwillingness to place orders at the
extreme prices asked or by the indifference of agents when
any atempt was made t j s cure definite delivery times. The
approach of the end of the ye .r, with its stock-taking obliga
tions,
93
Total
Vancouver.
From New England
The value of the
has
4.856
1,560
112.343
18
123
32
199
50
245
84
194
9.<>24
mill points direct.
New York exports since January
teen $9,651,681 in 1893 against $11,280.0^8 in 1891.
have
1
Agents have been actively employed in mvking deliveries
l6'913
Montreal
Tot.
Otber countries
Clilna, via
1.
214,787
24,301
India
*
NewYork
jr.
Corn.
Wheat.
trom—
70
14,034
6,191
13,985
3,883
8.476
36,111
2,921
CWna
Total
Sscports
Week. Since Jan.
1.
5,942
1,723
74,139
5,991
14,735
7,104
17,544
3,252
6,176
47,569
2,943
1,392
6,443,830
3,279,153
5,705,306
3,914,372
The exports from the several seaboard ports for the week
ending Dae. 17, 1893, are shown in the annexed statement:
Total
1891.
Week. Since Jan.
of brown sheetings, bleached shirtings and colored cottons
against existing engagements, an i with but a quiet current
trade in the shape of new business some progress has been
made in reducing the over-sold condition of the mills. This,
hiwever, is so slight conpared with whit has yet to be done in
this direction that it really affords n i relief t > the situation.
Prices all round are very firm. Agents hxve made the " long
price " of spring fancies in printed calicoes 6J^c. per yard.
This is the same as for the preceding season, but the discjunts
have been so materially shortened thit the price is equivalent
to7c. p^r yard with old discjunts. Most jobbers were in
favor of a 7c. qu )tatioa, but agents are believed to h^ve feared
that such an open quotation might proiuoe a diversion in
favor of medium-priced dress ginghims at the expense of
prints.
Good orders have been rec )rded in the latter, with a
moderate re-order d-'mand for ginghams. Print cloth i have
again ruled without change, 61 sqaares being quited a*; 4 1-ldc,
and 56x60s at SJ^c. p >r yard. There are unconfirmed reports
of siles of 64s at some concession from the above price, but
as a rule sellers are firm.
1392.
Deo. 17.
buyers also 30 fir a-i busines* for im nediite delivery gojs.
Large shipmants of mTchandise have b?en mid* through
agents and from the mills direct to custom ts ia liquidation
of previous orders, the movement being abnormally free in c >mTliere have been
Earis in with any p irt of prece iing seasons.
ut few changes in prices an i none of first importance except in
makin the
" ]o:i2: piice " f )r spring fancies in printed calicoes,
as noted below.
The tone continues very firm for all lines of
cotton goods and silk fabrics and steady for woolen and
worsted products; jobbers repart rtther more than an average
trade in fall merchandise and a decidedly active demand for
all lines of spring goo Is thriugh salesmen oa the road.
Domestic Woolens.— The demand for woolen and wors ed
suitings has been more diversified the past week and a very
fair amount of business is recorded.
Heavy weights for next
fall have sold more freely, although buyers are still ciul
ions
in view of the fact that some important lines in higher-priced
grades have yet to be shown.
Buyers are pressing for
delivery of spring weights persisten'ly and some fair-sized
re-orders have been recorded. The business in satinets, union
and co'.ton-warp cassimeres showed som? expansion. Overcoatings continued ii exceptionally good demand and the
mills engaged in this branch o' the woobn industry are more
heavily over-sold than for a considerable titne past. Cloakings
are quiet. Dress goods show nochinge, the demand
at first
hands ruling very quiet.
j;
292,000
837,000
Dae. 20.
for holiday novelties is about over, as it is in fact for all
specialties not adapted to the coming season, while buyers
have paid indifferent attention to staple lines, in view of the
approach of the new year.
Iinportationa of Dry Goods.
The importations of dry goods at this port for the week
ending Dec. 22, and since Jan. 1, 1893, and the same facts for
the corresponding periods of last year are as follows:
H
g
a
a
'
2»
•
o
a
5"325^g
So
—
§:;,?; I
iiiiii
81.1.®
s;
B;
1
:
;
©*•
©X
CO*"
1
.
:
.
•
:
c
T
©yt
•- ifl -D
CC CT -"
w M -^ w to ^^
©©
©•-*M!OC0
W
to
9
S
i.3
d
JTCH
a'
IgS -
S.
to
to©
o
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CO
CO to
--J
^©Moa<i
I?
©wui^Xi=e
*©M
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©©xto©
X © -* © ©
©X©r-tO
p^-CO
l(k.CO
Ml
I
I
I
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X© )f^© UltO©
ow ©©yoii^
lyiMtOtt-
©^ 0»0©©0»
© -^ -^ 'J ©
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.
;
B;
© M ^1<|
w
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*».to
(P^JO
,
poo to poo
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©ooifKy
©-*©oco
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to©©'©©
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coo©©co
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Domestic Cotton Goods.— The exports of cotton goods
from this port for the week ending December 20 were 2,435
packages, valued at S173,477. their destination being to the
pomte specified in the table below:
300.000
587,000
5,000
Total stock (pieces)
1891.
Dec. 19.
182,000
110,000
FoKEiON Dry Goods.— The forwardings of importations
in completion of spring orders have been considerable, but
apart from these business has ruled very quiet. The demand
of the
probably exercised a restric'ive influence over
1890
None.
5,000
stock of Print Cloths-
Held by Providence manufaotarers.
FaU River manufacturers
o
tJ
Uirf).
IC
coc
M
05 en
a
w
0>O
l-ll>.
M^-CO —
10
tOWX_'^i-'
toco
xV'oM©
*.WlOy<iO
VjJOtp —
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oxot jicow it
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'
Dbcembkr
THE ()HR0NI(;LK
84, 1899.]
^nd City BtfAiiTM^WT.
St/ite
TERMS OF SUBSCRIPTION.
Commercial and Fiiiuiictal CIIROIVICLE
40
laina
01
to
cuo-
8tRie Hnd City Supplement of C;iIK4»KIOLB con
ISO |>at;e8 published several times each year.
of
CIIKONICI^E
p«dia of Kailroad Securities) contains 160
•rery other month.
CHRONICLE
Subscription to
which includes every
Cycle
pages published
for one year
issue of both
The purpooe of this State and
(a
flO.OO,
Suppucmknts.
City
and corrections we shall publish, and the municipal laws we
hall analyze in the " State and City Department," we expect
to bring down weekly the inrormation contained in the
Btate and City Supplement to as near the current date as
possible.
VIEGIXIA DEBT.
Tberj is a small percentage of Virginia bonds which
have not yot been deposited under ttie settlement plan,
and unless they come in by the Slst inst. they will be
outlawed and cannot be revived except by an act of the
Legislature, which will
of
Virginia
may
Uuder
Fund Commissioners
not meet for a year.
the act of Fob. 30 the Sinking
receive
deposits
of
The Board of Estimate had invited all Uxpayen who had
ary suggt^tions or objections to make to the budget for 1899
and in response to this a oommittee of citiseoa
from the annexed district asked that 9100,000 additional be
appropriated for the care and maintenance of the new parka.
The West End Association asked that $800,000 be appropriated
for improvements at the High Bridge pumping ittation and for
a pipe line down the Boulevard to the Ninety-eighth Street
to appear,
Department pumping station.
our subscribers with a weekly addition to and
oontinuation of the State and Citt Supplement. In other
words, with the new facta we phall give, the amplifications
to furnish
is
the dt'sirc of this boiird that the h«ada of d«|MUtaMaiS
at this time in relation to approprtotioM
for the year 18U8 will hare a due regard for the vtairs of tUa
board as I have espri>ated them.
It in
and othem appearinft
pa^es publiBhed every week,
Supplement
E«tim«t« and Apportionment to hav* a Jualous rc<K«rJ, not
only for the amoiint of money appronrlat«d, hut for th« sdrniiiiNtrHtioii that will Int clmr,(p<t wltti Its i«xp«ndlture, aod
at the name litnn for llu- l>c»t inlerent of th<ja« who ar« to p«jr
for IheHe amoiiut'i from (lire<U tuxition.
tains
Inventor*'
1089
iecuritiea
for
settlement upon the same terms as the several classes
under the apportionment that
may be made by the commission of distribution under
the plan of the Bondholders' Com nittee.
This privof securities will receive
were made,
Besides the foregoing several other applica-
of which will be considered by the Board
proper order.
The allowance for the Metropolitan Museum of Art was
fixed at $70,000 and that for the American Museum of Natural
History was fixed at $65,000. The amount allowed for each
of these institutions this year was $20,000. The amount at
$3,012,420 was finally appropriated for the use of the Department of Public Works, this being $186,8.50 less than the appropriation for this year. The Park Department was allowed
$l,090,700for 1808, which is $92,500 more than was allowed
for this year, but it is to be understood that this amount of increase includes the appropriation given the museums.
The board allowed the Mayor's office $28,000 for 1H93. The
Mayor's Marshal's office got $18,850 and the Finance Department $301,700. There are no changes in the amounts allo'ved
to the first two offices mentioned and there is very little
change in the atnount allowed the Finance Department.
tions
all
in
—
New York State Treasurer's Report The report of the
State Treasurer of New York for the fiscal year ending September 30 1802 shows that the
total receipts for that year were
This total was divided among the several
funds as follows
General Fund, $6,553,003 16
Common
School Fund, $1,347,678 70; United States Deposit Fund,
$431,424 05; Free School Fund, $3,784,866 J-, Canal Fund,
$2,»45,387 40 College Land Scrip Fund, $18,016 89
Literature Fund, $119,435 6i Military Record Fund, $20,048 36.
The payments for the year aggregated $19,828,404 07 from
the several funds as follows: General Fund, $10,083,776 60;
Common School Fund, $1,375,.}47 95; United States Deposit
Fund, $403,761 79; Free School Fund, $8,908,899 23; Canal
Fund, $8,409,089 67; College Land Scrip Fund, $18,000; Literature Fund, $105,166 83; Military School Fund, $1,452.
Among the items of receipts for the year were State
$15,221,796 23.
:
;
;
ilege
will
expire
DcC. 31.
male up
and presented the same
mittee having
their accounts with
NEW YORK
the
State
Commission of Distribuany further deposits.
to the
tion have dtclined to receive
The
The Boadholders' Com-
CITrS BUDGET FOR
ISOX
New
"Vork Ciiy Board of E^tima'e and Apportionment
have taken up this week the con-*ideration of th-" budget of
;
;
;
:
Before the work of deciding tax. $1,812,388 30; Ives Pool tax, $32,82166; organization
on the amount of the various appropriations was begun, Mayor corporation tax, $266,241 18; annual corporation tax, $1,430,Grant made the following statement explaining that the ex- 719 86; interest en State Treasurer's deposits, $70,101 60; Solcess cf tlie total provisional estimates for 1893 over the final diers' and Sailors' Home, $107,164 30; collat>-ral inheritance
appropriations for 1892 was more than accounted for by the taxes, $1,786.218 47; Stale prisons earnings, $244,964 77;
increase in the amount required to pay the State tax.
county taxes, $211,436 21; fees received by public officers,
In taking up for consideration the tinal estimate of the $203,770 47.
amounts required to pay the expenses of conductinK the pubThe balance in the State Treasury at the close of the fiscal
lic business of the City Government during the year 1898, it is
that it is my desire, and I believe year ending Sept. 80 1891 was $7,549,751 58 while the balance
proper tliat I should state
the unanimous opinion of the members of this board, that on hand at the close of the last fiscal year was $8,448,038 54.
every regard should be given to economy.
The citv of New York is this year called upon to make apBond Proposals and \etKotlatlons.— We have repropriatior 8 to pay the State tax of $3,554,458 33, being an excess of §1,155,953 42 over what it was called upon to pay last ceived through the week the following notices of bonds
year.
recently negotiated and bonds offered and to be offered foi
The increased amount of State tax for this year, with man- <ale.
datory items which are not subject to the discretion of this
Adair County, Mo.—(State and City Supplement, page
board, must be provided for and included in the final budget
110.)— County Trea'-.urer A. D. Starr will receive bids until
and paid for from direct taxation.
December 28 for $,55,0i of refunding railroad aid bonds dated
It must be remembered that we are making appropriation
in 20 years, with option of call
at this time for the administration of my successor, and while December 27 1802, and payable
after 6 years. The above is the total amount of the county
it is the d- sire of the members of this board to provide ample
means to conduct the city government on a libera Iscale, it is indebtedness. The assessed valuation of real estate is $2,575,not their willingness to be so liberal that will in any manner 416; of personal property, $1,212,098; total, $3,787,508. Propembarrass the administration of my successor by any sem- erty is assessed at about 40 per cent of its actual value. Popblance of extiava^ance by the increase of appropriations for ulation is reporied as 80,000.
Atlantic City, N. J.—(State and City Supplement, page
items that can possibly be avoided, or in making appropriations for new items which the next adininistiation will be 58.)— On Mo day of this week the Common Council of Atunless provided for by spfcial statutes.
lantic City decided to purchase the plant of the Atlantic City
responsible for
Bonds will
The final budget for 1802 was $33,881,205 19, and the pro Water Works Company for the sum of $500,000.
visional budget for 1893, with the increased amount of Slate be issued to the company for this amount, payable in fifteen,
twenty, twenty-five, thirty and thirty-five years, with interest
tax included, amounts to 933,771,008 82, showing a net in
crease of $6:10.803 13, or $516,150 29 less than the increased piyable semi-nnnually.
amount callt-d f r for Stae tix.
S inie two months ago it was decided to purcha.se the pUnt
While it is desirable to make liberal appropriations for the of the Consumers' Water Company for $20J,000 and to isiue 5
maintenance of this city, it is an equal duty of the Board of per cent municipal bonds for that purpose.
city expenses for next year.
->
—
:
THE CHRONICLE.
1090
Vol. LV.
Arondale, Ohio.— (State and City Supplement, page 77.)—
Chillicothe, Ohio.— Cbillicothe bonds to the amount of
00,000, bearing interest at the rate of 4 per cent per annum,
have been sold at par ani accrued interest. The Bdtimore <k
Oliio Southwestern Railroad Co-npany secured $75,i 0) of the
issue and the remaining $35,000 was awarded to local investors.
D.irby Towaship, Pa.— This township will borrosv $35,000
for the purpose of improving roads.
Bayonne, N. J.—(State and City Supplement, page 58.)—
Fort Worth, Texas.- (State and City Supplement, oage
Funded road construction bonds of this city to the amount of
$40,00) were awarded on December 30 to C. Zabriskie, of 172 )— The Mayor and Finance Committee of B'ort Worth
Jersey City, N. J., at 103 51. There were four other bidders. wUl receive bids until January 20th 1893 at the Natioaal Bank
The bonds bear int'^rest at the rate of 5 per cent per annum of the Republic, New York City, for $15^,000 of 5 par cent reand mature Jan. 2 1903.
demption bonds dated May 1 1893 and mituring May 1 1928.
Benton Township, Adair Co., Mo.— The County Treasurer Interest and principal of this loan will be payable in gold in
of Adair County will receive bids until December 28, 1892,
for $10,000 of 5 per cent Benton Township refunding railroad New York City. See advertisement elsewhere in this Department.
bonds, dated December 27 1593, and piyable in 30 yearp,
with option of call after 5 years. The total debt of the townHanford, Cal.- Bids will be received until January 3 1893
assessed valuation, by the Board of Trustees of the City of Hanford for $30,000
sinking fund, $1,000
ship is $16,000
$1,800,000.
of fire apparatus bonds and $10,000 of building bonds. The
BrooHynjN.T.—(State and City Supplement, paare 44.) - securities will be dated January 3 1893, bear 6 per cent inOn Friday, December 30, Comptroller Jackson will receive terest, and mature at the rite of one-twentieth yearly fro^n
proposals for $800,000 of B'^i per cent local improvement bond?, date of issue.
Ironton, Ohio.—(State and City Supplement, page 80.) —
payable at the rate of $100,000 yearly from Januaty 1 1920 to
January 1 1927 inclusive. Bids will be received on the same This city has been auth)rized to sell sewer bonds to the
date also for $450,000 of 3J^ per cent school building bonds amount of $30,000.
and $300,000 of SJ^ per cent 3-year tax certificate?. The school
Jamestowu, N. Y.— (State and City Supplement, page
l>ond3 will mature at the rate of $100,000 yearly from Januarv 48.) The election held in Jamestown on December 15 to
1 1920 to January 1 1923 and the remaining $50,000 will fail
vote on the question of issuing sewer bonds to the amount of
due January 1 1924.
$160,000 resulted in favor of the proposition by a majority of
All of the above bonds will be exempt from taxation by the 774. City Clerk James G, Barker writes us that steps will
city of Brooklyn and county of Kings except for State pur- soon be taken by the B larJ of Public Works for the proper
poses. Payment of purchase money is to be made December issuance of the bonds.
31 1892, at which time the bonds will be dated.
Macoupin Cuauty, Pa. (State and City Supplement,
Camden, N. J.— (State and City Supplement, page 58.)— page 91.) The following bonds of Macoupin County have
The $95,000 of 4)^ per cent refunding water tonds maturing been callel for payment and will be redeemed on July 1 1893
January 1 1923 were awarded on December 19 to E. H. Rol- at the American Exchange National Bank of New York Citv,
City
viz Nos. 118, 119, 120, 123 to 133 inclusive; Nos. 133, 147 to
ins, of New York, at lOS-05, bein? the highest bid.
Treasurer F. F. Michelton writes us that in all ten bids were 187 inclusive, and Nos. 200 to 206 inclusive. Interest on these
bonds win cease on the day appointed for their redemption.
received.
Villaee Treaiurer, H. P. Cooke, writes the Chronicle that
the $15,000 of 5 per cent boads offered for sale on December
12 were awarded to the Citizen's National Bank of Cincinnati,
Ohio, for a total premium of $907 aad accrued interest. The
securities wiU be dated Oct. 1 1892 and will miture Oct 1 1912.
;
;
—
—
,
NEW
NEW
LOANS.
Xenia, Ohio, January
THE ClTr
16th, 1898.
Has
called the following bonds for payment on
Jaiiuary 15th, 18^3, at which time interest on the
same
will cofise
$55,700.
Dated Sept.
866,500
*iF
XENIA, OHIO,
City of Newport, Ky.,
6 PER CENT SEWER BONDS.
The
City Treasurer of Newport, Ky., will receive
sealed bids December 89th, 1892, on (?»iH,500) SixtySix Thousand Five Hundred Dollars worth of 5 Per
Cent Sewer Bonds, dated January 1 1898, and payable January 1, 1914. Right reserved to reject ay
ani all bids. For further information apply to the
,
1st, 1880.
Reciet'niable in part at any Urae five years after
date; remainder at any time seven years after date,
at option of City.
undersigned.
BearlnKSJ^ percent interestIssued for the red mption of other bonds.
Nob 1 to 27, f i.OtJO each.
No. 28, »600.
Nos. 31 to 8.->. S5( each.
Nos. 28 to ao, t350 each.
J
.^i'etropolitaa
Ist, 188-i.
RedeemnWe at any time after August Ist, 1883, at
option of City.
Bearings per cent interest.
Issued lor Electric-Llght Plant for lighting City.
Nob. 1 to 16, foOJ each.
$'
i4.,000.
Dated Oct. 1, 1883.
Redeemable at any time after Got.
Option of
1883, at
$4,000.
loth, 1881>.
I
1
C. H.
7'^
Mayer, Cincinnati, Ohio, as he holders may
on or after January 16rh, 180:!. at which date
all of said bonds will cease.
I
the Interest on
SEASONGOOD & MAYBB,
Cincinnati, Ohio.
of the City Counc'l of Xenla, Ohio.
OOOD, President.
C. F. LOGAN, City Clerk.
V.
1.
certified
check
served.
All bids to be addressed to the Mayor and Finance
Committee of the City of Fort Worth, in care of the
National Bank of the Reput lie. New York City, and
endorsed "Bids for Bond?.'*
B. B-IPADDOCK, Mayor.
GEORGE E. NIKS.
J. P.
NICKS,
JES5E JONES.
25, 1892.
Bbllkponte, December
PENN.,
i>Iay 'i, IHitti.
Due dlflV-rent datm
Iroul 1><«3 CO 1U1-.2.
Heal valuation.. »7,60O,000 Total debt
|3!i,60o
Ass'd valuatUm. 2,712.411 Population
5,608
Laws of Pennsylvania limit debt to 2 per cent of
assessed valuation.
Price to net 4 3-8 Per Cent.
6^
By order
192
Finance Committee,
PER CENT SCHOOL DONDS.
5
f city.
GEORGE
Ist,
for $5,000, payable to the order of B. B. Paddock,
Mayor. The right to reject any and all bids is re-
Sons,
Dated
WHITE New York.
& CO.,
and 74 BroadwaTt
Send for
electric-light nlant.
Nos. 1 to,5, $5n0 each.
Ail of the above-mentioned bonds are required to
be prespnted for payment at the office ol the City
Ireasuier of said litv, or at the office of 8eaaou-
&
Sealed bids will be received by the undersigned.
of the City of Fort
Worth, Texas, until 12 o'clock noon, on January
20th, 1893, at the National Bank of the Republlo
New York City, for the purchase of one hundred
and fifty- ei^ht bonds of one thousand dollars each*
issued for funding purposes and designated as "First
Series Redemption Bonds," dated May 1st, 1893,
bea,ring interest at 5 per cent per annum, payable
semi-annually, as per coupons attached— both interest and principal payable in gold coin in the City of
Mayor and Finance Committee
$30,000
per cent interest.
Issued for increasing efBoiency and capacity of
prefer,
for Sale.
YOB.K.
FURTHER PARTICULARS ON APPLICATION
$2,500.
good
&
NEW BRIGHTON,
16tb, 1883.
Kedeeraabie at any time after Feb. lOth, 1880, at
Bearing
Bonds
FuRX WoKTH, Texas, November
Redeemable at any time alter June 16th, 1891, at
option of city.
Bearing d p r cent interest.
Issued for widening channel of Shawnee Run and
repairing damiiges by freshet.
Nos. 1 to in, $100 each.
Nos. 11 to 20, $:->00 each.
Nos. 21 to 29, $',000 each.
option
1911.
CO.
Rollins
MEW
33 WALL, 8TREET.
City
city.
$15,000.
Dated Feb.
H.
E.
15th, 1888, at
option of City.
Bearing 5^ per cent interest.
Issued lor completing work of lighting the
Nos. 1 to 8. f5uO each.
Dated June
t,
SEND FOR FULL DESCRIPTIVE CIRCULAR.
Dated April 15th. 1883.
Redeemable at any time after April
FORT WORTH, TEXAS,
Each bid must be accompanied by a
Due Jan.
DENVER TRAMWAY
LOANS.
8158,000
New York—due May
Guaranteed Principal and Interest by the
5 per cent interest.
Issued for erec ion of work ouse.
Nos. 1 to 8, JoOO each.
Co.
FIRST MOKTWAGE 6 PER CENT
(JOLD BUNDS.
Dated July 30, 1S!»1.
Ist,
RV
Street
OF DENVER
ity.
'
Bearing
AS. H. SMITH, City Treasurer.
S200,000
$8,000.
Dated AuRust
NEW
LOANS.
full list of
Hackett
Investment Bonds.
&
St.,
nce
Absolute security.
until Fel.ruary 1st,
cf Bellefonte, Pa.
18'J:J.
For further particulars address,
GEO.
Jackson, Crider
iniUvaukee, nia.
Mrst Mort^aKes on Improved
Borough
Proposals will be received by the Borough of Bellefonte, Centre Countv, Pa., for a loan of One Hundred
Thousand (^lOO.UiO) bullars, free Inmi tax, to refund
a loan niaruring April 1st, ISiW. Interest on said
loan not to exceed f^rur (i) per cent per annum, payable semi-annually at the Farmers' & Mechanics'
Bank of Philadelphia, Pa. Bonds payable in twenty
years wltb option after five years. Bids received
L.
POTTER.
& Hastings,
Bellefonte. Pa.
Hoff,
Milwaukee
A. Strassburger,
& BOKDS BROKER.
>«TOCK!«
Reiil
bearing: six and seven per cent Interest
No charge to the investor for colectlug interest or lookinx after taxes and Hre Insur-
ffistate.
always on hand.
1892.
Chairman Finance Committee, Reltefonte, Pa.
REKERENXE:
First National B^tk. Centre County Banking Co.,
REAL ESTATE AND IXVE^TME.NTS.
96 miclilgaii
1,
Proposals invited for Rofiiuding Loan
OF THE
90UTUEBN INVBSTMKNT
Montgomery,
SB< UR1TIE8.
Ala.
—
Deccmbbr
THE CHRONICLE
24, 1892.]
Madison, Neb.— Tlie people o( thia place have voted in favor
of bsuiiiK bonJu for an eluctric-light plant.
City Treiisurtr of Newiwrt,
Mr. Junius H. Smith, will
fi iwr cout Hewer
bondn, payable in tweniy-one years from date and optional at
the rate of one-twentieoth yearly. Thiii iwue is part of an
authorized loan of $250,(X)0, the proceeds of which will go to
Noatb Omtha, Neb.— (State
a."»d Citt HvmMMKnr, p««e
-This ciiy has soli $'<l,;t.V) of 7 j»er cent paving aod
grading bonds t-) Me«rs. Hpiu r A Co., of Tolsdo, Ohio. The
190.)
price
was
aid for the loan
$94,900.
This city has iiMued a call for its outstAodia^ bonds to tb«
amount of $80,200, the called bonds t > be paid a' the ofBoa of
the City Treasurer or at th« office of SsMongool A Mayer, of
Cinoiniiati, Ohio, on January 15th, at which ti'ne interest will
cease. On the 97tb of last August we reported that Xenia
had sold 4>^ per cent refunding boads for $90,2)0. It is the
—
Nenport, N, T. Bids will be opened to-da^ by the Board
Water Comiuissioners of the village of Newport for the
purchase of 4 per cent 2fl-year water b>nd8 to the amount of
|l(),0(X), dated November 1 1893.
The village has no other
of
proceeds of thia issue which are now to lie nsed for tbe refunding of the old city debt.
Tbe following atatomont of the present debt and altiation
of Xeoia has been furnished us by Mr. C F. Logan, City Clerk.
Total debt Dko. 301892.. $114.4001 Real valiiatton
$3,000,000
indebtedness.
Orange, N. J.— (Statk and Citt Sin»PLEMBNT, page 61.)—
City Clerk Horace Stetson writes us that on December 15 the
following bids were opened for the {•^6,000 of 5 per cent
sewer b<)nd8, maturing in from 12 to 40 years : M. S. Decker,
of New York, bid par and accrued interest, $20,000, to be de-
Asseaied valuattoa
3,590,000
|
Population
lO.SOO
A detailed desoription
of the called bonrU will be found in
an advertisement elsewhere in this Departmnit.
&
1808: 0. White
Co., of
New York, offered a premium of $5,830; Farson, Leach
Co., of New York, bid par and accrued interest and a premium
of 5r),S25, and N. W. Harris
Co., of New York, bid par and
a premium of oS'lOO. The City Clerk does not state to whom
1
I
Xenia, Ohio.—(-^tate and City SvrrLWMorr, ftge 9i.}—
pay for Direct and se^er improvemeata which have already
been ordered by the city.
The new bonds are advertiaed elsewhere in this Department.
monthly from January
Tb« ^
1W6.
1
issue will liear in'en-fit not t > escerd st^ per oant p«r •onara^
and will run twenty jwu*, with option of oall afi^r tra y««r«.
Bonds will be delivered on Fsbruary 1 1808.
receive bidn until Dec. 20 1802 for 9M,S00 of
livered
amount which maturs Febmanr
Muiie
Npm port, Ky.—(Statb and City Supplemknt, ptme lUS.)—
Tbt'
1091
&
&
STATE AND CITY DEBT CHANGES.
the award was made.
We subjoin
Owensborj, Ky.— (State and City Supplement, page 153.)
December 16 in favor of
i^uing bonds to the amount of $300,000 for the purjwse of
—The citizens of Owensboro voted on
NEW
of these reports are wholly
...
City of Boston i»,
1899
City of Cambridge 4s,
is,
•
City of Grand Rapids 4 l-2s,
Lynn Beg.
City of
48,
City of Taunton 4g,
Town
.
•
of Johnson, R.
CHICAGO.
LOANS.
I.,
PRICES
School
5a.
4s.
Union National Bank,
4s, gold,
AND FURTHER PARTICULARS FUR-
CHICAGO.
Pald>ap Capital,
83,000,000
700,000
tarploa.
6a.
A reanlar Banklns Btulnau Tranaaeted. Aooonota
Banu and Bankers. Mercantile and Manofaotortnc
VirmM or OitportMon^ reoeiTed on faTorable tenna,
fOraUn Kzohansa Bonxht and Sold. CommareUu
tnd "nsTelars' Credits, aratlable In all part* of tha
(lobe, lunad. TeleKraphle Tranaf era made with aU
brlnapal European and Oomeatlo Point*. United
Uataa and other llnt-olaH Inreatment Honda dealt
8s.
OORRKSPONDRROI SOUaTHD.
5«.
5s.
5a.
tt
5a.
and
6a.
TO INVESTORS.
Sa.
1912 inilnauhee, W^Ia
niuneapolla, ninn
OKden, Utah, Gold
FOR HALE.
SUPPLimNT,
Indiana.—(State and City Supplement, page 84.)— The
Chicago, ilia
1905 Conncll Blufla, iowra, School
1912 Danville, Ilia., School
Elzln, Ilia,, School
1912 Joraey
City, N. J
1908 Kanaaa City, Mo
Lawrence Conntf, Ohio
1922
Lincoln, Neb
Ss
1922 Idanltoivoc, Wla
City of Bottton 58, gold.
City of Dover, N. H.,
OIilo,
others cover items
following statement of the bonded debt and general financial
INVESTMENT BONDS. MUNICIPAL BONDS.
Cambridge,
new and
of information additional to those given in the
and of interest to investors.
Rochester, N. Y. (State and City Supplement, page 53.)
Bids will be received by City Treasurer Samuel B. Williams
until December 2* for $750,000 of Rochester refunding bonds
ssued for the purpose of redeeming railroad aid bonds for the
LOANS.
publication
Some
street paving.
NEW
reports as to municipal debts received since the
of our State and
City Supplkkent,
laat
Chicago Co-operative
5s.
4a.
Construction Co.,
5s.
5s.
ONCOBPORATED.)
Oranice, N. J
NISHED upon APPLICATION.
Omaha, Neb
5a.
Aatborlmed Capital,
•
SLOOOiOO"
Shares tlOO Each.
7 Per Cent Gaaranteed.
8BCUBBD BT CHICAGO REAL ESTATE riRST
Orlando, Fla
&
Blake Brothers
Co.,
STATE STREET, BOSTON.
NASSAU STREET, NEW YORK.
38
S
W.
Hayes
J
Sons
6c
BANKERS,
Dealers
In
N.
IS
Mi.,
('levelnnd.
Oabla Addrr**
10
hiKta
grwl*
Co.,
BANKERS.
WALL STREET, NEW YORK.
NEW
"KSKNUTH.'
Appraiser
HO.
CUICAGU,
ol
19-j
Lands.
Houthern Land Valnea.
coanoN street,
NEW YORK.
Wall Street. •O
Dealt In br,
Carothers,
Jas.
FOURTH AVE., PITTSBCBG, PA.
SAl.LE
Uambers of the
ST.,
CHICAGO
Cblcaiio Stoek
BzchaaM.
Loeb & Gatzertj
MORTGAGE BACKERS
or
CO.,
I.A
Geaeral Bankinc Baslaesa Traasaeled.
IB8T MOBTOAOB LOANS ON IMPROVED dTT
BMAh ESTATB FOB BALR.
i
LA.
PITTSBURG AND VICINITl
&
Straus,
BANKERS,
MUNICIPAL SECURITIES
COIN.
-J
Cahn
ViH
Timber
NEW ORLBAMS,
Ifn-i.
frlce and Parllcalara on rpileatlar.
CORRESPONDENCE SOLICITED.
Its Dearborn Street.
FULL INFORMATION UPON APPUCATlOM
COBRBSPONOENCB INYITBD.
Dealer tn
&.
now oObrad
CHICAGO.
BOSTUR.
Southern
MATURING NOVEMBER,
shares are
Companr.
• 16, 617 and «1» RIalio Balldlnc.
HIOH-ORADB LOANS EFFECTED.
INTEREST AND PRINCIPAL PAVABLE IN
FARSON, LEACH
tor sale at the oflloes of the
uvTESTnENT ba:«ker.
YORK.
PER CENT BONUS,
(JOI,r>
A LOtlTBD NDU BBR o{
W. H. Howcott,
W\LL STREET.
City of Duluth, Minn.,
2
MOBTQAOBS.
&
Harris
lo.
$100,000
I
68.
MUNICIPAL BONDS.
7 ExchaiiKc Place.
Boatan.
4
W.
CalU., Gold
UHICAGO.
StTMt R^lwaj Boudi and otber
VMtnenu
143 Nupprlor
7a.
Redwood Citr,
I3S
LA SALLE STREET, CHICAGO.
First Mor1«sites for sale In larveaod SBuOlamoaata,
nettlnc InTsstora 6. 6)i and 8 par oeot, saeaT«d br
mprored and Inoome-bearlns Chloaco <nj propat tf .
Principal and latereat parable la Gold.
coBBBaroNDEMca aouoiTEO,
9
—
—
,
.
,
:
,
THE CHRONICLE
1092
;
[Vol. LV.
condition of the State of Indiana has been corrected to date in
the office of the State Treasurer:
Ohio.— (State and City Supplement, page 75.)— The statement of Ohio's in-Jfebtedness, as given in our last State and
rOHEIGK DEBT.
City Supplement, has been corrected to date by William T.
Cope, Treasurer of Ohio. The report qow returned to us is as
LOANS-
NAME AND PURPOSE.
State ftmd refunding
M
80I100I House
Stock oertiflcates
Do
do
Teniporary loan
do
Co
do
Do
do
Do
do
Do
Do
do
Do
-Principal.When Due. Outttand'g.
June 18, 1909 $3,905,000
';r-/J"?r*"r7-^
P. Ct. Payable.
r.
3
J <fe D
(t N
r.
S^a
Int.
ceased
ceased
int.
313 A & O
r.
313
& 8
313
& B
.r.
313 A & O
.r.
A & O
-r.
3
A & O
3
.r.
3
& 8
May
1895
past due
past due
Apr. 1,1895
Mch. 1,1895
Mch. 2, 1896
Apr. 1,1901
Apr. 1,1894
Apr. 1, 1899
Sept. 20, 1 899
M
M
M
do
500,000
4,470
1,
2,145
585,000
600,000
300,000
340,000
370,000
700,000
700,000
DOMESTIC DEBT.
LOANS—
University...
5
A & O
-Principal.When I>ue. bulatand'g.
Apr. 1,1901 $340,000
Held by Indiana University...
5
semi-an
144,000
Md by Purdue
P- Ct.
INTEREST
and principal of foreign debt bonds payable at the
of Winslow, Lanier
&
TOTAL DEBT,
November
and domestic debt, and the annual
Indiana's
Interest,
on
for the years Indicated.
Foreign debt
Domestic debt
1892.
$8,346,615
484,000
1891.
$8,346,615
484,000
1890.
$8,056,615
484,000
Total debt
Interest on foreign debt
Interest on domestic debt
$8,830,615
$261,825
24,200
$8,830,615
$260,125
24,200
Sinking fund loan... 1887
do
do
do
do
Domestic loan
$286,025
$284,325
$273,825
ASSESSED VALUATION.-The
following table shows the total
Taluation of real and personal property and the State tax rate (per
$1,000) for the years indicated.
Valuation.
Tax rale. Yeart.
Valuation.
Teart.
Tax rale.
$1-80 1875... ..$897,739,783. ....$1-50
1891.. ..$1,249,807,899
120 1870... .. 662,283,178. .... 1-50
843,483,466
1889....
1-20 1865... .. 567,381,553. .. . 2-00
821,512,984
1888....
1-20 1860... .. 455,011,378.
799,251,773
1-50
1887....
1-20 1855... .. 301,858,474. .... 200
739,451,777
1886....
1-20 1850... .. 138,362,085. .... 2-50
793,526,079
1885....
1-20
728,944,231
1880....
Jamieson & Co.,
STOCKS— BONDS,
Chicago Stock Exchange.
DEARBORN STREET,
Chicago, IIU,
Private Wire to
CO.,
PHILADELPHIA.
Correspondence
solicited.
Bbusi, Member New York Stock Exchange
H. CCVHiMQg, Member Chicago Stock Exchange
1, B.
D,
Breese
111
&
Local Debts
Debts of counties
$6,441,841 00
Debts of cities, first and second class. 58,419,115 00
Debts of incorporated villages
2,738,064 00
Debts of townships
307,869 00
Debts of special school districts
3,326,855 00
$6,974,779 22
50,580,409 96
2,008,050 00
325,88T 47
3,103,830 09
$71,233,744 00
$62,992,956 74
Boiton or Chicago
94
Total local debts
&
Co.,
1870.
1860.
1850.
1840.
1830.
&
Trust
Oilers Investors In real estate securities
protection afforded by no other sTstem of
doing business.
bT law to set as Registrar of Stocks
and Bonds, Executor, Receiver and Tmstee for
Estates, Syndicates. Individuals and Corporations.
Trust moneys and trust securities kept separate
from the assets of the Company.
Henry C.
113
DEARBORN
Gw^n
W. D.
^
A.
SELLERS,
&
Bro.
LOCAL SECURITIES A SPECIALTY.
99
WASHINGTON STREET, CHICAGO.
Correipondenoe Invited.
J. Mitchell,
a
LEGAL
President.
B. Drake, Ylce-Presldent.
H. Mltchsll, Second Vice-President,
Wm. H. Keld. Third Vice-President
S Glbbs, Coah'r. B. M. Chattell, Ass't Cash>f
Wm.
James
John McCoffery,
L. Z. Lelter,
Wm. H. Mitchell,
DIRECTORS
John B
Wm. H.
Drake>
Reld,
John
J. Mtchell'
J. C. McMnlUn,
J. Ogden Armoor*
Wm. O. Hlbbord,
D. B. Shlpman,
Frederick T. Haskell.
Vice-President.
Gamett,
C.
Chas.
Walker,
W. Drew,
John P. WUson,
Edson Keith,
Geo. M. Bogne.
tA. H. Sellers.
C.
Gondy,
185
W.
Green,
&
Co.
Schaflher
BANKERS,
COMMERCIAL PAPER,
100 Washlngtoa Street,
CHICAGO, ILE.
IOWA FARM LOANS
Are
and
experience
safe
sure, '21 yearn*
loHut of a dollar. Interml nuA
principal net to lender. 8end for pamphlet
331
ELLSWORTH & JONES,
Chamber
First Nat'l
DEARBORN
ST..
Co.,
CHICAGO.
CAPITAL, PAID UP,
SURPLUS,
of Commerce Bidg., Chicago.
Bank BIdg., Iowa Falls, la.:
EstabUshed 1871.
-
-
-
$500,000
$50,000
-
NEGOTIATES GROUND RENTS
John P. WUson,
A. M. Pence,
without the
Fred. G. Frank
Is
John
STEWART, Secretary.
CHAS. R. LARRABEB, Treasurer.
Herman
SOLD,
Member Chicago Stock Exchange.
Illinois,
officers;
John
John Q. Shortall,
John DeKoven,
Samuel B. Chase,
CHICAGO.
OOBBESPQNDENCE SOLICITED.
under the Jurisdiction and
directly
Is
DBPOSITOKr for Court Moneys, and Is authorlied
to act as TRUST KB, BXBCUTOR. RKCKIVER and
A8SIGNKB for ESTATES, INDIVIDUALS and
corporations.
A.
Kerfoot,
GeorKe
INVESTMENT SECURITIES
BOUGHT AND
This Bank
supervision of the State of
President.
A. H.
ARCHIBALD
Hackney,
ST.,
CAPITAL AND SURPLUS, - 83.-.«30,000
INTEREST ALLOWED ON DEPOSITS.
The Jennings Trust
OFFICERS:
GWYNN GARNETT.
IL,L,S.
Ohioaco Securities Bought and Sold.
Trust & Savings
Bank.
CHICAGO, ILL.
Illinois
CORRESPONDENCE SOLICITED.
W.
SALLE STREET,
CHICACO,
Total.
$1,707,203,376
1,778,138,477
1,670,079,868
1,558,215,966
1,598,575,863
1,167,731,697
888,302,601
439,876,340
112,326,156
64.675,578
CHICAGO.
COUNSEL:
BANKERS,
tll-113 L.A
Personal Property/
$556,164,445
545,838,165
509,913,986
456,166,134
535,660,818
469,684,861
248,408,290
98,487,502
27,038,895
14,589,335
Real Estate.
$1,151,038,954
1,232,305,312
1,160,165,882
1,102,049,931
1,062,915,044
707,846,636
639,894,311
341,389,838
85,287,291
50,086,250
Tears.
1891
1890
1885
1880
1875
Capital, paid-up
S1,«00,000
Undivided earnings* Including
3!<0,000
surplus
'.tOO,OOU
Deposited with State Auditor.
la SDthorlzed
1890.
assessed valuation of real and personal property In the State has been as follows
WASHINGTON STREET.
9«
Oc
.
ASSESSED VALUATION--The
DIRECTORS:
BLAUOHTER, Member N. Y. Stock Bxehaoge
WM. Y. BAKER. Member Chicago Stock Exchange
A. O.
A. O. Slaughter
.
—
Company
94.
IN 1890
$2,541,66500
4,609,863 04
Funded State debt (loans)
Irreducible State debt (trust funds)
OF CHICAGO,
Cummings,
BANKERS AND BKeKEK8,
AND 113 inONROE STREET,
CHICAGO
a«<mritle« IlBted in New York,
•arned on oonjierTatlve margins.
1,665
1891.
$2,291,665 00
4,616,579 68
GUARANTEES TITLES TO REAL ESTATE.
Special attention slven to out-of-town buslnoHR.
3
Interest ceased.
COMPABATIVE STATEMENT OP THE STATE AND LOCAI, DEBTS
AND 1891.
.
LAS. W0BM8ER, NEW YORK.
FLOWEB a, CO., NEW YORK.
GLENDINNINa &
,
Outstand'g.
-, ..„ ...
Etc- —The total funded debt on November 15th
1892 was $2,041,665 In 1891 the total funded debt was $2,291,665
in 1889 it was $2,796,665; In 1887 it was $3,340,000; in 1885 it was
$3,720,229; in 1880 it was $6,476,805.
Title Guarantee
Members New York Stock Exchange,
R.
Principal.
When Due.
J & J- Julyl,'93,to'98 ) *1,500,000
$250,000 y'rly \
J & J July 1, 1899
240,000
J & J July 1, 1900
300,000
3
3
...1887
...1887
CHICAGO.
CHICAGO.
187-189
—
TOTAL DEBT,
$8,540,615
$249,625
24,200
Total annual Interest
Interest,
.
P-OI. Payable.
office
York.
ETC.— The following statement shows
total debt, the foreign
the Ist of
New
Co.,
LOANS—
NAME AND PURPOSE.
;
—
PayoMe.
Interest.
SAME AND PURPOSE.
follows:
In the CltT 0«
Takes entire charge of estates. Act* a*
agent for the registration and transfer of bonds and
stocks and the payment of coupons. Interest and
dividends. Anthorlied by law to receive and exeoat*
Chicago.
trusts of every character
from courts, oorporatloni
A legal
depository for oonrt and
and Individuals.
tmst funds.
INTEREST ALLOWED ON DEPOSITS Of moner
which may be mode at any time and withdrawn aft*
live days' notice, or at
a fixed date.
TRUST FUNDS AND TRUST INVBBTMBNTB
are kept separate and apart from the assets of thf
Company.
J.
R.
WALSH, President.
CHAS. H. HULBURD,
Vice-President.
FRANKLIN HATHBWAY. gewetory.
SAMUEL D. WARD, TreasurM
LTMAK A. WALTON, Cathler
@FedFRASER