Full text of Commercial and Financial Chronicle : December 30, 1893, Vol. 57, No. 1488

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

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MAGAZINE,

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R E P R E S E N T IN G T IIE IN D U S T R IA L AN D C O M M ERCIAL IN T E R E S T S OF T H E U N IT E D S T A T E S .
.E n te re d , a cco r d in g to A ct o f Congr«ms, in the y ea r 1 8 9 3 , b y W.it, B . D a n a & C o ., in th e o ffice o l th e L ib ra ria n o t C on gress, W ash in g ton , D . C .I

SATURDAY, DECEMBER 30, 1893.

VOL. 57.

NO. 1488.

Week Ending December 23.

% h t

C h r o n ic le .

1893.
514.500.971

New Y o rk ,.

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Terms of Advertising—(Per inch space).
Onetime............ .................... S3 50 |Three Jfonths O 3 times).. $25 00
One Month
<1 Ubh\-i .. 1 1 0 0 SixMonths
(26
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Two Month*
<
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18 0 0 1Twelve Months (52
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1.. 58 00
(The above tonus for one month and upward are tor standing cards.)

London Agents:

81,738.448
4,?3i,o00
1,588,148
1,8.01.4 *3
1,088,841
1.100,688
1,10* ,82 5
l,t 76,952
58i,3I0
545.798
fi,»S 0 M 9

Cl e a r in g s .
Returns tty Telegraph.

Week Ending jDecember 30.
1863.

1892.

Per Cent.

1893.
501,904,683

P. Cent
-43*6

( - 3 ? 2)
(882,408) (-60*9)
(-3 8 0) (10,070,325) 1-30*4)

Pittsburg.... . . .
B a ltim o re .......

B u ffa lo ........ .•

W ashin gton....
R o c h e s te r.......

Syracuse.... ....

W ilm ington.....
Binghamton.......
Total Middle..

-2 6 4
—25 2
—21 2
—12*8
-3 8 7
-2 8 0
—35 8
- 2*5
-2 0 5
+ 10*8
-2 5 8

83.165,272
5,394,000
1,753,906
1,355.753
1.257.2o7
1,187.818
1,3 >8.171
1,170,917
576,590
503,485
100,683,139

—24*8
—27*5
-21*9
-1 6 0
—10-3
—29 2
—15*3
+7*8
-19*1
—lfl*t
—24*3

-2 2 5
-1 7 5
-10*1
-1 3 3
—26 7
—20 0
—15 1
-1 3 3
+9 5
-19*t

60,033,487
11.413,005
12,751.515
7,614.44?
1,601,431
1,420,147
968.829
779,920
344,900
90,930,842

—23*5
-34*1
-24*3
—18*5
—34 8
—21 9
—16*8
-17*7
+12*9
-23*3

109.034.635
14,647,250
8.213,208
7,720,523
0,181,247
3,419 1«0
1,228,518
2,266,500
1,112,448
428.504
304.050
317,456
209,352
158,000
........ .
155,256,817

-2 5 7
- o it
-4 8 0
-2 6 0
—26 3
— 4
9
413 1
—27 0
—22 8
-87*0
-0 6
—44*3
+8*9
-9*1

—23*9
-17*1
—50*3
-21*8
-27*1
-11*0
+17*8
-18*7
-3 0 5
-22*5
-39*6
—40*8
—10*8
-13*9

-21*7

84,854,410
12 A 5.500
4,157.242
5,883.000
4,744,274
8,291,500
1,395,949
1,833,419
812,7*24
447,784
279,513
159,881
177.080
137,788
250.928
120,800,670

13,213,60^
l,7u?.6u0

-16*9
-4 2 7

14,042.432
1,031,762

-18*8
-54*5

488.068
718,745
712,044
377,8 5
326,188

Philadelphia....

111,025,275
6.527.700
2 09...228
1.532,740
1,777,685
1,520,342
1,303,790
I,l0t,9l2
732,580
467.4.0
127,973,082

10.0S6.319
977,707

W orcester............
P o r tla n d ..........
Knit River...... .
Lowell........ ..........
New B ed fo rd ......
Total New E ngland...

1,120,487
827.369
1,662 328
928,011
1,016,187

-5 0 4
—13 J
-5 0 fe
—59*3
—6/ 9

445.825
003,653
1,444,784

-6 2 8
-26*0
-1*5

282 876

—72*7

159.534
9 i,049
j i m Bo

195,0u0

-1 8 2

—26*4

81,025.713
18.304,055
i.S^O.lOS
5.71»0.000
4,014.270

Chicago.......*
Cincinnati.----Milwaukee......

! ; »

1632.042
858.923

w

Akron. . . . . . . . .
Springfield, O..
C a n to n .........
Bay C ity*......

San Francisco...,

Portland......... - ■
•
Sait Lake C ltyf..
Seattle..............
Taeoma.. . . . . . . . .
Los Angeles.......
Helena.. ..............

Spokane----------Great Falls*— ..
Sioux F alla......
Farg a* .................

-24-2

20,880,650

-2 8 7

147,091
90,o73
I8,i.58,i23

522.122
542,3: 8
5U0>lo
107,941

n , 704 017
8,3b2,li5
6.7h0,l/4
5.747,012
5,380.310
2,40u.00U
2,112 377
1,3-8,155
982.080
707,070
535,890
455.21-9
112,000

—23 9
-2 4 i
-2 3 5
—30 8
-5 1 i
-2 3 2
—1 r
-3 7 2
-7 6
—20 *
+12*C
+10 0
—3 0

9,550,045
6,237.122
5,283.099
3.490.308
2.019,570
2.O7W
.U60
1,9/3,359
783,742
901,485
550,000
639,159
402,/49
85,9.8

—15*2
-30*2
-25*3
-47*1
—51*7
—13*8
—5 2
—42*8
-7*1
—20*6
+2*3
+5*5
—I l l

' 80.604
33,885,988

46,952,51.8

82.400
-2 7 4 — Bl,i80,824

-29*4

2U93.663
14,u ■l.O
'-S
6.510.048
3.60»,OW>
8.9 18 373
a,889,105
870,20-)
2.80&MW
1,708 (-04
1,300.000
1 220,0)7
1143,158
700.000
025.000
257,936
220.559
326,894
-iS P s a n

25,773.210
10.158.916
8 179.227
3,986.733
8,5l2,f*92
2.7 20,073
2,347.176
2,010 875
2,837,09'»
1,820,154
1,1 J
8.304
1*100,00
1,000,0''0
710,3 5
520,531
48^.240
3 )0,"00
76.258,561

-3 0 0
—12 0
-50*0
—54*9
-9 5
—is a

22,900,044
14,020,418
0,7 54 1 7
-1 7
3,031,032
4,181,5*33
3,201,. 81
8)5,040
2,693,375
1 <190,182
1,391,009
1,200 152
1,134,907
713,000
7.2,521
27 +A51
109.852
407,781
65,821,105

T otal a ll..................

9* o y 0+209 1.397,305,788

-3 2 7

938.747.580

-85*7

Outside New York.

43&,80d,2yo

So0,893,»o0

-2 2 ' 7

436,783,003

-2S-S

10,354.448
5 488.0:*
1,1.8,439
888,U33
173424,994

11853.929
0.802,720
1,104,282
e05.391
20,056,428

-1 2 7
-20*1
-1 0
-1 7 1
—147

0.931,303
5,778 537
1,110,1' 9
090+49
17,626,308

-18*8
-23*7
+9*0
—14*3
—19*0

h

Total Pacific...

-2 S -0
—18*1
-2 3 -7
+ 4-3
-23*4
•0
—11*4

____
C i t y . .. . .. .. .. .. * ,
Minneapolis......................O m a h a . .. . .. . ...............

P h ila d e lp h ia ...— . . . . . . . . . . .
B .ltira o re ................. ....... .........
-C h ica g o ...-* * . . . . . . . . . . . . . . . . .
S t. L o u t s ..——
N e w Orleans
. ..........

$467,783,058
6*1,501,864
50,4*8,481
8.393,148
73,464,533
16,688,430
10,500,308

Seven cities, 5 d a y s .. . . . .
■Other cities, 5 d a y s . . . . . . . . . . .

$517320,250
100,967,482

$691,158,828
128,473,913

-25*4
-2 1 A

T otal all elites, 5 d a y s....
A li e i t i e a ,! d a y ..—

S918.7V7.732
158,741,619

S3 22,837,741
210,102,612

—24*8
-23*9

Topeka............................
F rem ont.............. ..........
Hm chinson.t............ • •
•
H astings*......................

___ T otal all cities fo r w eek ..

$777,529,351

$1,062,825,363

-20*8

The full details of clearings for the week covered by the
above statement will be given next Saturday. W e cannot, of
course, furnish them tod ay, bank clearings being made up by
the vaii us char log houses at noon on Saturday, and hence in
the above the Ia*i twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night.
Our usual detailed figures for the previous week, covering
the returns for the period ending with Saturday noon, Decem­
ber 1 6 , as well as toe comparative totals in 1093, are given
below. The segregate exchanges show a slight- increase over
the previous week, t h e gala at New York being twelve and
a-ha if radiums and the loso in the remainder of the country
about eleven millions,
ontrasted with the corresponding
period of 1892 all but ten of the cities record losses, and in the
aggregate for the whole country there is a failing off of 82*7 per
cent. The most important percentages of decrease this week
have b*+ n at Spokane.6 *9 per cen t; Nashville,62*9 ; Helena,
59*3 ; Los Angeles, 58*3; Seattle, 56*4; Chattanooga, 54 9 ;
Denver, 51*2, and Birmingham. 50 7 percen t. The greatest
gains have been at New Bedford, Indianapolis and Wichita.

—39 2

Week Bnd’g Dec. IS.

176,902
217,540
US.Sto
301,252
119,868,417

Springfield........... .

$334,215,427
54 538,226
38.488.938
8,7fO.POO
18.283,374
10.343,400
8,391,885

N ew Y o r k . - . . . , . . . , - , . . . , - . . . .

P. Cent.

62.188.467
60,254.7(3
12.355,038
14,9.4.674
13.222.727
14,715,050
8.822.084
7,648,312
1.600,978
2,192,3*39
1,334,063
1,086.388
919.487
1,0*43,022
9®3,U35
1,042.176
314,S U
O
287.000
100,492,437 125,057,934

Boston...................
Providence...........
Hartford....... .—
New H a v e n ...—

D e t r o it........

The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, December 80, have
been $777,5*20,3.51, against £$940,364,*209 last weok and
$1,002.825.363 the corresponding week last year. Figures in
each year cover only five business days in consequence of the
Christmas holidav.

846,471.800

(1,436,714)
(2.118,222
(9,539,050) (15,380,650

Messrs, E dwards A S mith , 1 Drapers' Gardens, B. C., will take mrtr Cleveland.... ■
•aertpdon* and advertisements, and supply single copies of the paper Columbus.......
Indianapolis...
at Is, each.
Peoria....... ..
vrn
„ D .v i ( W l U i I / t n B . D A N A Ac C o ., P n b l t . h c r a , Grand Rapids.
w il l ia m B. DkVA.S
| oa w lU lm a s t r e e t , N E W Y O R K .
Lexington.----loent a, f l o w .
)
Post G r n c * Box 958.
Saginaw..........

C LE A R IN G H OU SE RETURNS.

1892.

St. Paul...... ....................

Denver..................... . . . . . . .
D u lu th .... . . . . . . . . . . . . . . .
3t. Joseph................... . . .
Sioux C it y ................ . . . .
Das M oines.......................
Lincoln....................... — •
W i c h i t a .. . .. .. .. . .. . ....... .

Total Other Western.,
St. Louis................

New Orleans........
Louis v ilie .............
Galveston.............
Houston......... .—
R ic h m o n d ..........
Nashville.............
S avannah.... .. . . .
Memphis........
Atlanta ........... .
N orfolk,... ...........
Dallas.....................
Birmingham..........
Chattanooga.........
.Jacksonville..........
T otal Southern..

Montreal ...........
T o r o n to ........... .
H a lifa x ............ .
Hamilton . . . . . . .
T otal Canada.
• Not Included in. totals.

8 901,739
B,S1)8.SS)«
6,189,111
3,4«tf,8l2
2,«:w.a)'j
1,844.92:

* 907.^73
® s»i

-0 1
—18 1
— 3
38
•—9 7
+115
-1 4 0
—02 9
+7 3
—39 8
-2 8 b

35!

+ Publication discontinued for the present.

-2 5 '8

....
-36*7
-1 5 3
-19*3
-17*4
+20*1

_t?;s

+18 5
—380
-21*8
+ 4*0
+2*9
-31*2
—4*5
—42*8
—53*4
—1*7
—150

THE

1098

CHRONLCLE.

THE

8T *T £

M

S

C IT Y

See p ages 1 132, 1133, 1134 a n d 1135 for our
State and City Department.
All advertisements with relation to State and City Bonds
will likewise be found on the same and following pages.

THE FIN A N CIA L SITUATION.
The year closes under a somewhat discouraging state
of affairs in financial circles.
A prominent source of
disappointment is the condition of the public Treasury.
It is lamentable enough to be compelled to record new
disasters among our large railroad corporations, but to
have to note increasing weakness in the Government
financial situation and a further prospective loss
in the balance during the next two weeks, because
of the special payments for interest on the 4
per cents and
the Pacific
Railroad bonds
due January first,
is deplorable.
The A d­
ministration is in no degree responsible for large dis­
bursements— that is a legacy of the past; but it doe8
open itself to criticism in leaving this condition of
poverty so long uncorrected, especially when there is
so much that is discouraging in business affairs, so
much that a strong Treasury situation would help to
mitigate. No doubt Congress should have authorized
a short-time loan before the holidays. If on reas­
sembling, that body does not immediately address
itself to perfecting such a measure, the Administration
cannot excuse longer delay in the use of the powers
it already has. The Government has, through foolish
legislation in years gone by, been made the center and
basis of all monetary movements, and in the view of
Europe and of timid people elsewhere the Treasury
situation has become the measure of the country’s
financial stability.
The course of the stock market this week has been
largely influenced by new and important railroad de­
faults and receiverships. Atchison’s failure was an­
nounced Saturday, late in the afternoon, and the New
York & New England on Wednesday morning. As to
the Atchison failure, it is the most serious event which
has happened during the present crisis and a very great
disappointment to its friends. We have written at
length upon the affair in another column, and will
only say here that some method ought to be devised at
once and speedily executed for taking the company out
of receivers’ hands. The collapse of the New York
& New England was quite a different circumstance and
had comparatively little influence. It has long been a
speculative property conspicuous for its periodic fluctu­
ations in price; conspicuous too because those fluctu­
ations have always been engineered through the repe­
tition of the same old story that the purchase of the
New England by the New York & New Haven road
was at last fixed— a story never so often told and de­
nied as to excite a suspicion among the innocent
“ lambs,” who of course were the losers every time.
The culmination of the current speculation was
however of another character altogether. The occa­
sion was not propitious for drawing in outsiders, and
day by day waning confidence made the stock a heavier
load to carry. So some one in the combination sold
out to the discomfort of the “ pool.” The road, it
seems, had become so seriously bankrupt that there
was no other way to save one’s se lf; who it is that

fVoL. LTVII.

made the money and who are those that lost, time will
more fully develop.
Money has continued to collect at this center during
the week. The surplus reserve is, however, already so
large that these late additions have no apparent effect..
The only change to be noted in the call loan branch of
the market this week is that the lowest rate instead
of being f- of 1 per cent, as it was last week, i 3 % of 1
per cen t; the highest was
per cent; hence the av­
erage was 1 to 1J; renewals were at
per cent and
banks and trust companies quote 2 per cent as the
minimum. Time money continues in abundant sup­
ply, while the demand remains light, indicating that the
business in stocks is conducted by traders whose wants
can be almost wholly supplied in the call loan branch
of the market. Rates are 2 per cent for thirty to sixty
days, 2} per cent for ninety days to four months and
3 i to 4 per cent for five to six months on good Stock
Exchange collateral. For commercial paper there is a
good inquiry for the best grades, bat only a moderate
demand for second rate. The supply of really firstclass paper is quite small. Rates are 3 - to 3 f per cent
-J
for sixty to ninety day endorsed bills receivable ; 4 to
4£ per cent for four months’ commission house names
and 5 to 6 per cent for good single names having
from four to six months to run.
There has been no feature of importance in European
monetary affairs this week. The Bank of England
minimum rate of discount remains unchanged at 3 per
cent. The cable reports sixty to ninety day bank bills
in London 2 f per cent. The open market rate at Paris is
2 f percent, at Berlin it is 4§ per cent and at Frankfort
H per cent. According to our special cable from London
the Bank of Englandlost £512,967 bullion this week and
held at the close £24,488,512. Our correspondent fur­
ther advises us that the loss was due to shipments to the
interior of Great Britain of £597,000 and to imports of
£84,000, of which £50,000 were from Africa, £27,000
from Australia and £7,000 from miscellaneous sources.
Foreign exchange was dull but lower and easy until
Thursday, when there was a recovery in rates in part and
a firmer tone. Yesterday, however, rates declined again,
with the tone easy at the close. An accumulation of
commercial bills, drawn against cotton, and the absence
of demand brought about a decline on Wednesday and
some of the drawers reduced rates fully one cent per
pound sterling. The fall seemed to stimulate a revival
of the inquiry, the supply was quickly absorbed, and in
the afternoon the tone of the market grew firmer. The
following day there was a good demand from remitters,
which resulted in the partial recovery in rates noted
above and the firmer tone. The arbitrage operations
have had little influence upon the market, mainly
for the reason that prices of stocks to which
the trading is confined are low and the transactions
are, as a rule, small. There was very little selling of
Atchison on the new3 of the receivership, but on the
contrary there seemed to be re-buying of stocks and
bonds sold last week. There was some evidence on
Thursday of buying of long sterling for investment to
replace bills which had matured. The immediate
future of the market will, it is thought, depend some­
what upon the extent to which such investment
buying is carried.
If there should be
in­
dications of a partial abandonment of
this
means of employing money the demtnd would of
course be lessened and normal conditions would pre­
vail. The following shows the changes in the daily
rates of exchange by the leading drawers.

d c m e so, 1 9 .]
ee bb
88

THE OHKOJN LCLE.

Frl..
Mon..
Tues., W ed.,
Thors..
Frl.,
Dee. 22. Dec. 25. Dec. 26. Dec. 27. Dec. 28. Deo. 29.

Brown Bros.... j |?K
utf.S
.i
Baring,
<60 days..
M&gotm & Co. XSight-..,.
Bank British j
days..
No. America*, t Sight.....
Bank of
j 60 day3. .
Montreal.. ...i Sight.....
Canadian Bank ( fG days*,
of Commerce. ( Sight.....
Heidel'bach.Iek- (60 days..
eiheimer & Co t Sight.__
i—

’

So
S7M
ss
m*4
m
m
85J*

88

So
S7fc

It*

....
....

85
87^
SS
85^

88

....
....
....
::::

I*
ft*

84K-4
S7-6XS 87
85
85
87M
87K
85-4
87+4-7 S7M
85
85*$
87*$
88
85
87*$
85
Si*$
87
87«
8SW-5 85
8S-7« 67H

H*
P
tlh i
iS4V$
4 87
4 85
4 87*$
4 85
4 87H
4 85-4*$
4 87*$-7
4 85
4 87*$

The market closed easy on Friday, with nominal
rates 4 844 to 4 85 for 60 day and 4 87- to 4 874 for
sight. Bates for actual business were 4 83+r to 4 83f for
long, 4 85| to 4 86 for short, 4 86^ to 4 86+- for cable
transfers, 4 83 to 4 83+ for prime and 4 82+ to 4 82§ for
documentary commercial bills.
Reports of railway gross earnings for current weeks
do not improve, and for the 3d week of December our
preliminary statement on another page shows a los3 o f
12*72 per cent as compared with the corresponding
week of last year, when the gain had been only l*94per
cent. For the second week of the month our final
statement shows 11*75 per cent decrease, and for the
first week it will be remembered the decrease was
13*06 per cent. Of course railroad managers are prac­
ticing extreme economy in every direction, so
as to overcome these losses in gross receipts,
and as bearing upon the ability of the roads to meet
their dividend and interest requirements the net earn­
ings and not the gross earnings are the true guide.
On that point the statements of net earnings for
November, of which a large number has been received
this week, possess decided interest. These returns pretty
generally record heavy reductions in expenses, though
in not all cases sufficiently large to overcome the loss
in gross earnings. The Chicago Milwaukee & St.
Paul reports for the month a decrease o f 1331,529
in gross with a saving of $204,987in expenses,leavinga
loss of 1126,542 in net. For the five months from July
1, with a decrease of #1,125,966 in gross earnings, the
decrease in net is only #131,145. The Erie reports for
November a decrease of #186,771 in gross and a de­
crease of #140,110 in net, and for the two months from
October 1 a decrease of #223,245 in gross and a decrease
of #136,639 in net. The Northern Central for Novem­
ber has a decrease of #82,510 in gross earnings and a
decrease of #39,081 in net, the Canadian Pacific a de­
crease of #40,060 in gross and a decrease of #85,330 in
net.
Am ong the anthracite coal roads the Central of New
Jersey has a very good statement, showing #64,783
increase in gross for the month and #60,776 increase
in net.
The New York Susquehanna & Western
also has a very good return, reporting for 1893
gross o f #163,241 against #149,820 for November
1892, and net of #79,473 against #71,520. Among
roads in other sections, the Western Maryland with
♦2,667 decrease in gross has $6,876 increase in
net, and the Iowa Central with #7,554 increase
in gross reduced expenses $18,035, thus giving
a gain in net of $25,589.
The Jacksonville
Tampa & Key West in November added #4,093 to
its gross receipts and $3,093 to its net receipts;
for the period of the receivership since April 8
this road has gross earning3 of $378,565 against
$424,223, and net earnings of $72,389 against $135,133.
The Kansas City Fort Scott & Memphis in November
lost $58,205 in gross, which was offset to the extent of

1099

$36,070 by a reduction m expenses, leaving the loss in
net $22,195. The Kansas City Clinton & Springfield
for the same month lost #868 in gross but gained
$1,395 in net, and the Current River lost $5,829 in
gross and $3,939 in net. The Chicago St. Paul Min­
neapolis & Omaha reports only its gross receipts, but
the loss for the month is smaller than expected, reach­
ing only $120,103, after a gain last year of $133,949.
The Mexican International reports gross of $165,825
against $234,986, and net of $81,585 against $98,612.
The Pennsylvania Railroad return for November
has also been issued this week, aud it is gratifying to
find that it is better than bad been looked for. Of
coarse both gross and net still show heavy losses, but the
losses are smaller than in the month preceding, instead
of being larger as had been predicted. It is to be re­
membered, too, that as yet only a very few of the iron
furnaces out of blast have started up again. On the
lines east of Pittsburg and Erie the loss for the month
is given as $729,130 in gross and $197,242 in net; in
October the loss had been $810,608 in gross and $225,589
in net. The comparison is really better than appears on
the face, for in October the road got the benefit of the
extra travel to Chicago, the World’ s Fair being at its
height in that month, while in November this advantage
was absent. On the lines west of Pittsburg and Erie the
loss for the month is $637,894 in gross and $384,322
in n e t ; in October the return showed a loss of $666,876 in gross and of $516,624 in net. It is proper to
state, however, that a change has been made in
the method of reporting the results for these
Western lines. Heretofore the figures have embraced
the operations of the Grand Rapids & Indiana and
Yandalia systems which are operated under their own
separate organizations aud in the results of which the
Pennsylvania has only an indirect and contingent in ­
terest. Now these roads are no longer included,
and the statement covers only the lines directly opera­
ted west of Pittsburg. In making the change the
figures for the year to date are of course also stated on
the new basis. We give below a comparison of the
gross and net earnings on the lines East of Pittsburg
and Erie for six years.________________________________
L in e s e a s t ov
P it t s b u r g .

November.
Gross earth tigs.......

Operat’g expenses.

1893.

1892.

1891.

1890.

1889.

1888.

t
$
$
$
$
*
5,2-8.152 6,017,282 5,894,725 5,659,8117 5,492.800 4,860,854
3,591,290 4,123.378 3,733,851 3.523,232 3,757,991 3,387,057

Net earnings... 1,698,862 1,894,104 1,960,874 2,136,635 1,731,809 1,473,797
Jan. 1 to N ov. 80.
Gross earnings...... 61,072,377 62,900,920 61,630,010 60,890,93! 6,010,181 53,363,995
Operat’g expenses. 43,408,324 44,415,111 41,713,322 41,271,343 57.265,778 +5,718,917
Net earnings... 17.664,053 18,491.809 19.918.088 19,625,595 i>,?s:u o

i.7,045.07

It is interesting to note that notwithstanding the
unfavorable results for recent months, the net earnings
of these Eastern lines for the eleven months to Novem­
ber 30 record a loss as compared with last year of only
$827,756. On the Western lines the loss on the new
basis for the same time has been but $149,007, so that
the aggregate loss in net for the whole system for the
eleven months has been less than a million dollars. In
gross the loss has been nearly 2+ million dollars.
Statements of the amount of new railroad built dur­
ing the year now closing are beginning to appear, and
the results are just what would be expected. Railroad
and financial conditions had been unfavorable even be fore the crisis came, chocking investments in railroad
enterprises and reducing new mileage to a minimum,
but the panic of course, with the prostration of all our
industries and the tremendous falling off in railroad
earnings, has brought the movement almost to a com -

1100

THE

CHRONICLE.

[V ol. LVII.

of the current fiscal year from July 1 to October 31
gross earnings fell off as compared with the corres­
ponding period of the last fiscal year $2,319,059; in
November the falling off was only $205,578, according
to the company’s preliminary estimates, and for the
first two weeks of December the falling off is $125,126.
This is not as large as the decrease in the same time
on the Missouri Pacific, and very much less than the
decrease on the Union Pacific— the latter indeed lost
Net Interior
Deceived by Shipped by
Week Ending Dec. 29,1893.
$4,903,483 in gross for only the four months to Octo­
Movement.
N. T. Banks.
N . Y. Banks.
ber 31.
$6,477,OUO $3,555,000 Gain $2,922,000
624,000
400,000 Gain.
224,000
Gold ..........................................................
But it is the net earnings that must be looked at in
Total gold and legal tenders ... $7,101,000 $3,955,000 Gaim$3 146,000
considering the decline in income and its effects. Here
With Sub-Treasury operations the result is as the loss for the four months to October 31 is only
$741,356. It does not appear likely that for the six
follows.
months the loss will be any larger than this, if as
Net Change in
Out of
Into
Week ending Dec. 29, 1893.
large, as the decrease in gross in November wa3
Bank Holdings.
Banks.
Banks.
$7,101,000 [$3,955,000 Gain. $3,146,000 only $205,578, and a3 in October, by reason of the
Banks’ Interior movement, as above
200.000
Bub-Treasury operations.................... 10,700,000 10,500,000 Gain
great economies in operation, a decrease of $333,639 in
$17,801,000 $14 455,000 Gain $3,316,000
Total gold and legal tenders—
gross had been attended by a saving of $433,276 in ex­
The following table indicates the amount of bullion penses, thus producing an actual gain in net in the
in the principal European banks.
sum of $99,637. It would seem safe to assume, conse­
quently, that three-quarters of a million dollars will
December 29, 1892.
December 28, 1893.
Bank of
mark the full extent of the loss in net earnings for the
Total.
Silver.
Gold.
Silver.
Total.
Gold.
_____
half-year— a surprisingly small amount for a property
jg
£
£
£
£
24.397,928 having annual net earnings cf sixteen million dollars.
24.488.512 24,397.928
England.......... 24.488.512
France............ 68,*- 36.923 50 941.628 119.578,551 68.316,808 50.820.614 119.167.420
The Union Pacific in the four months to October 31
Germany....... 30.558.750 10 286,250 41.145.000 32.316,000 10.772,000 43 088,000
O
A n st.-H ung’y 10,154.000 16.150,000 26,304.(100 10,546, u O 16 839 001 27,385,' O'
lost no less than $2,990,484 in net. Another very im­
3,187.001 7 104 <»'« 10.291 0- 0
3.725.000 7.034.000 10,759.' 00
Netherlands..
4.586, 00 portant fact regarding the Atchison’s income should
3,057.333 1.528.667
4,504.000
8,00*,6e7 1.501,333
Nat.Belgium.
t
7,611,000 5,243,00( 12,654, <O
7.918.000 6.935.000 14.853.000
Spain................
not be overlooked ; even after the decrease in net earn­
92 307.281 241 769.348
Tot. this week 14S.783,8o2 92,848.211 241.632,063
ings of $741,356 for the four months to October 31,.
92 631.5*1 2i2 478 444
T ot, prev.w ’k
and after also an increase in charges, the company’ s
statement showed a surplus of $1,071,559 over the full
proportion of the charges for the four months; and for
THE ATCHISON RECEIVERSHIP.
the six months to December 31 the surplus above the
Those who had credited the unfavorable rumors—• charges is likely to be even larger. Clearly, therefore,
some undoubtedly malicious and circulated for specu­ the company’s embarrassment can not be attributed to
lative effect—regarding the Atchison property which the falling off in income ; during the six months which
had been current so long, and which had been repeated have elapsed since the close of the last fiscal year, the
with so much peisistency despite official denials, will company earned not only enough ,to meet all its charges,
see nothing surprising in the actual appointment of but enough over the charges to leave a very substantial
receivers for the property. Those, however, who pre­ surplus of net earnings to be devoted to other purposes.
Of course in view of that fact, the appointment o f
ferred to base their estimate of the property upon the
statement of its earnings and finances as given in the receivers with the announcement of the company’s in­
annual report—upon the earning capacity it had de­ ability to pay its January interest and other obligations
veloped and the admirable way it had been managed in appears all the more noteworthy. The reason for the
the past— and who accepted implicitly the official company’s troubles must hence be sought elsewhere,
assurances that the company was able and ready to and an explanation is found in the floating debt which
take care of all its obligations, will be both surprised it has been carrying. A floating debt of any consider­
able magnitude is always a source of annoyance, and in a
and disappointed.
„
At the outset it is well to disabuse the public mind trying time like that through which we have been passing
of the notion that the company’s embarrassment is the in 1893 it easily becomes a menace to the welfare of a
result of a “ tremendous falling o ff” in its earnings, corporation. However, the company’s annual report
the explanation offered in several of the papers. Of issued early the present month showed that the total of
course, the Atchison has felt the depression in trade the hills payable June 30, 1893, was but little heavier
in a falling off in traffic and income the same as the than on June 30, 1892, and as the company held con­
rest of the railroads, hut as a matter of fact it has siderable amounts of available current assets and had
suffered relatively and absolutely less than most of the shown its ability to take care of the debt during the
other large systems in the same section of the coun­ panic, there appeared to be no occasion for uneasiness
try— a circumstance of course which speaks well for or alarm. It has been stated that receivership papers
the past management of the property. It is to be were prepared as early as last August, and from this
remembered that the Atchison is a very large system, the conclusion has been drawn that the receivership
contemplation for a long time
comprising altogether with the St. Louis & San Fran­ has been in
cisco and the Colorado Midland 9,344 miles of road, past. We do not know if the statement is true. It
and that in speaking of its earnings we are dealing might easily be true and yet signify nothing as to the
with totals of large magnitude, the gross receipts in company’ s real purpose in that regard. August last
the year ending June 30 last having been over 50 mill­ was a very critical period, when cash commanded a
ion dollars ($50,733,705) and the net earnings over six­ large premium and when even the strongest of corpora­
teen million dollars ($16,065,538). In the four months tions found it difficult to borrow money or renew loans.

plete stand-still. The Railway Age makes the total of
new track laid during the twelve months only 2,630
miles, which is less by 2,000 miles than the new mile­
age for either of the two years immediately preceding,
and is the smallest total for any year since 1877.
The following statement^made up from returns col­
lected by us, show the week’s receipts and shipments
of currency and gold by the New York banks.

December 80,1893.]

THE CHRONICLE.

II the Atchison managers at that time took care to be
prepared for the worst, they were only exercising or­
dinary care and business prudence. The emergency'
making necessary a receivership might never arise, but
as the company was carrying several millions of floa'ing
obligations, and as the country was in the midst of an
extraordinary financial crisis whose outcome no one
could foresee, it was wise to take all needful precautions.
The fact that the debt was carried for many months
after this, and that in the interval also the Guarantee
Fund Notes for £7,000,000 were extended, furnishes
evidence at once of the plans and the intentions of the
management.
But haviDg passed successfully through this critical
financial period, and earnings having kept up so well,
confidence in its continued ability to meet all obliga­
tions of course became all the stronger. It deserves to
be noted, too, that this confidence was apparently
shared by the management up to the very last, as they
did not hesitate to express themselves repeatedly and
openly to that effect. President Reinhart never speaks
in uncertain tones, but he was unusually emphatic in
denying the rumors of a probable default in interest
the first of January. He first cabled a denial from the
other side (be was in Europe at the time) and on his
arrival here followed this up by very explicit and de­
tailed declarations of a like nature. In a general state­
ment given to the press, he said: “ The interest on
the general mortgage bonds of the Atchison Company,
due January 1, will he paid. It seems hardly necessary
to make this statement, because doubts as to its pay­
ment have, in my judgment, been meatedsolely by spec­
ulators who have no substantial interest in the prop­
erty. * * * The public knows that since the
reorganization the Atchison has met all of its obliga­
tions promptly, and every statement that I have
made in relation to such payments before they
matured has been confirmed by the fact. * *
It
should
he
borne
in
mind
that
when
the Atchison Company acquired the St. Louis &
San Francisco Iiulread it assumed its floating debt of
about #1,100,000, and also the unsecured obligations of
the Colorado Midland Railroad Company. W e have
not as yet experienced any difficulty in financing
these obligations.” Likewise, in an interview with a
reporter of the New York ITerald, Mr, Reinhart was
quoted as saying: “ There was not the slightest occa­
sion to borrow money to pay the January 1 fixed
charges. How often have I said that the Atchison is
earning to-day more than enough to meet this demand.
In fact, there is nearly enough cash on hand to day to
pay the January interest, which you know is the
heaviest of the year except the corresponding semi­
annual paymext on the general mortgage bonds due on
July 1.
*
* *
The floating debt is not far from
#4,000,000, and it isn’ t a source of trouble.
* *
*
One thing I wish you would say, and that is I shall use
every means in my power to punish the scoundrels who
have spread these infamous lies about the company.
This is not the first time it has happened. I think it
is high time that an example is made of some one, and
if I cau be the means of getting anybody indicted I
shall not spare any exertions.”
These interviews occurred on December 14, the
day of Mr. Reinhart’s arrival from Europe. On
December 20 the death of Mr. Magoun
took
place. This was at once felt to be a great loss.
But in view of
the foregoing declarations, it
was still believed that all would end well.
Last

1101

Saturday, however, December 23, receivers were
appointed for the property. A n official circular issued
by President Reinhart undertakes to give the reasonsfor the great change. It states that the sudden ter­
mination last week of pending negotiations for
financial
relief
“ caused temporary
embarrass­
ment to the companies and will prevent further
payments of borrowed money now due and in­
terest coupons of the several companies maturing Jan­
uary 1 1894 proximo of all bonds or funded direct and
guaranteed obligations, including the coupons of the.
general mortgage bonds of the Atchison Topeka &
Santa Fe Railroad Company and of the St. Louis &
San Francisco Railroad Company,” and that “ the con­
tinued financial depression in America and Europe.,
with coincident shrinkage in market prices of securities*
owned by the companies and used as collateral, has^
brought about an enforced reduction of the floating
debt, causing excessive demands upon the cash available
from net earnings for interest requirements.”
U nder
the circumstances and to prevent disruption of thesystem, it was deemed best to place the property under
the protection of the courts.
I: is evident from the figures regarding the floating
debt given in the circular that the pressure upon the
company must have been much greater than has been
commonly supposed. The total of notes and loans now'
outstanding] for which provision will have to be made
is reported as £6,300,000. Ia our analysis of the annual
report a few weeks ago we found that the bills payable
for the Atchison Company proper on June 30, 1893,.
were £6,809,249 and for the whole Atchison system of
9,344 miles the aggregate at the same date (including
the $6,809,249 given) was $7,257,901.
The total
now at $6,300,000 therefore does not show any great
change in the six months which have elapsed since then,
but as the extracts quoted above speak of “ an en­
forced reduction of the floating debt” as having been
brought about by the unfavorable conditions, the infer­
ence is that in the interval since June 30 the debt hasstood much larger. Of course we do not know whether
this inference i3 correct. Moreover, the floating obli­
gations are reported as $6,300,000, plus $3,900,000 o f
coupon interest and other charges due January 1,
1894. As the company’s income statements show that
current earnings have been more than sufficient
to provide not only for these charges, but all
the other fixed charges as well, it becomes obvious th a t
the company has found itself obliged to use all its cur­
rent earnings for one purpose or another, leaving nocash for the interest. For the four months to October 31
aggregate net earnings have been officially reported aa
$5,749,559. W ith the net for November and Decem­
ber the same as last year, the aggregate of net for the
half-year would be 8| million dollars.
Adding the
miscellaneous income the total would be raised to about
8 f million dollars. Fixed charges are estimated at
$1,227,000 per month, or $7,362,000 for the six months.
The charges falling due January 1 are given, as we
have seen, at $3,900,000, and the difference between this
amount and the $7,362,000, which is $3,462,000, would
presumably represent the amount of the half-year’ s
charges maturing at other dates than January 1 and
therefore already paid out of earnings. Deducting
this $3,462,000 from the 8 f million dollars of net in ­
come and there is left about 5J millions of net earnings
which would be available to pay the $3,900,000 of Jan­
uary interest if the money had not been used in otherways.

1102

THE

CHRONICLE.

[ VOL. LiVII.

to the Commission, but because it has served to pro­
vide a mediating body between the carriers and their
patrons, the public. Such a body, endowed with such
functions, and acting in a sort of advisory capacity
between the two parties, is always capable of rendering
useful services, and its recommendations being as­
sumed to be impartial and disinterested should, and
naturally do, carry great weight on that account.
It is this circumstance that has ensured obedience
to the decisions of the Commission in so many cases,
and not the power, real or assumed, to enforce the de­
cisions. And we think the Commission makes a great
mistake—-a mistake calculated to impair the value of
its services— when it encourages the idea, or conveys
the impression, as it does in its report, that it has a
leaning or bias in favor of the shippers and against the
railroads, for the Commission will be best equipped
and attain its highest usefulness when both sides shall
feel assured of absolutely fair treatment at its hands.
We should favor any added legislation needful to
make the Commission perfect as an advisory tribunal.
On the other hand, we should disapprove of any at­
tempt to endow it with further arbitrary powers, and
therefore should oppose most of the recommendations
in the present report of the Commission as being of
that nature.
However, we do not intend to-day to go into this
phase of the matter. Our intention is simply to direct
attention to the erroneous character of the Commis­
sion’s statement above referred to. For the assertion
that the amount of stock paying no dividends has con­
siderably decreased since 1888, and that a great reduc­
tion has occurred in the amount of bonds paying no
interest, is untrue, not only in the inference it con­
veys, but is untrue in fact. As we shall presently
show, the statement would be incorrect even if it in­
tended to refer to the condition six months or more
the
in t e r s t a t e
c o m m e r c e r e p o r t ago. But the report of the Commission always appears
AND RAILROAD PROFITS.
under date of December 1, and in its application to
We are not a little surprised at a statement contained that date the statement, especially in the broad
in the annual report of the Inter-State Commerce Com­ and unqualified way in which it is made, strikes one as
mission recently submitted to Congress, extracts from being very singular. The Commission cannot be un­
which have been prepared for the use of the press in aware that during the current year defaults and
advance of the appearance of the full report, which has railroad receiverships in large number have occurred,
not yet been printed. The Commission is arguing to and that as a consequence there have been enormous
show the advantages that have been derived from the additions to the amounts of railway capital paying no
course we do not assume
that
operation and enforcement of the Inter-State Law, and returns. Of
in the course of its argument takes up the question of these failures are due to the Inter-State law or
the pecuniary embarrassments of railways, and makes its operation or enforcement; they are the result
the declaration— after first asserting that there is noth- of the silver crisis and the industrial paralysis
lng to justify attributing any railway insolvency to the and distrust which have come with it, and therefore
operation of the law—that “ the amount of stock paying the Inter-State Commission is not to be charged with
no dividend has considerably decreased since 1888 and responsibility for the misfortunes of the railroads arising
a great reduction is noted in the amount of bonds out of that situation. But that does not alter the fact
of the failures, nor that the Commission’s asseveration
paying no interest.”
We say we are surprised at this statement because, as all of a considerable reduction in the amount of stock
our readers know, it is utterly at variance with the facts. and bonds paying no interest is made in the face of
As to whether the Inter-State Act has conferred any such palpable evidence to the contrary in current
benefits upon the country, we. may state at the outset events.
We might content ourselves by a simple reference
that without endorsing all the features of the law or
the way it has been enforced, and without admitting to this record of railroad embarrassments the present
the extravagant claims and preteisions on its behalf year as constituting a complete demonstration of the
which the Commission puts forth, we are ready to inaccuracy of the statement of the Commission. But
grant that the law has served a useful purpose and has leaving for the moment out of consideration altogether
accomplished a certain amount of good. It is our the more recent embarrassments— those that have fol belief, however, that in so far as the Act has been bene­ lowed directly as the result of the financial stress and
ficial it has not been because of any express provisions business paralysis, and of the great falling off in earn­
or prohibitions which it contains, nor yet because of ings occasioned by the same— and taking only the
any arbitrary powers of control over the roads assigned period up to the end of last June, could the statement

Tne management of course will be able to, and should,
explain what disposition was made of this five million
dollars of net earniDgs. The extension of the Guar­
antee Fund Notes might furnish the key, only it was
stated in the advertisement published at the time that
the notes of those holders who did not assent to extension
would be acquired and paid for in full by a syndicate.
The company paid a cash commission of 5 per cent for
extending the bonds. This, however, on the $7,000,000
of bonds amounted to only $350,000. As concerns pay­
ments for wages and other similar items, these we need
hardly say form part of the ordinary operating expen­
ses, and have been allowed for in full before arriving at
the net earnings.
As to the outlook, while the default is matter for
deep regret, especially in view of the property’ s excel­
lent earnings, we do not see that security-holders
would be justified in taking a gloomy view of the situ­
ation unless indeed later developments should change
the present aspect of things. The circular from
which we have been quoting states that “ the
Atchison system as a whole is amply able even
under the present adverse conditions to earn a
safe balance above its fixed charges if relieved from
floating debt” —a statement which our analysis of
the results fully confirms. The circular al;o states
that “ with ordinary financial conditions prevailing in
America and Europe, the market value of the secur­
ities owned by the companies and used as collateral, is
about equal to the entire amount of the above obliga­
tions” and furthermore that “ the directors will
promptly prepare and submit to the security holders
and creditors of the companies, for their approval,
plans for relief from the existing embarrassment, which
should be considered as temporary.”

fH E

D ecember 30, 1893,]

CHRONICLE.

even then be made with truth ? Almost any one can
recall hosts of roads which during the last two or three
years have passed off the dividend list,— roads like the
Northern Pacific, the Missouri Pacific, the Central o f
Georgia, the East Tennessee, the Richmond & Danville,
&c., &c., and it would be just as easy to mention cases
of roads which during the same period have been
obliged to default in their interest payments, all before
the panic came to deal the final b low ; in fact the roads
here specifically enumerated as having suspended divi­
dends are now all. with one exception, in the hands of
receivers and in default on one or more of their interest
obligations. A nd evidence of thi3 character might be
cited almost without limit, effectually disposing of the
contention that the amount of stock and bonds receiv­
ing no returns has decreased.
We had supposed that the statement made might be
based on some statistics or data contained in the an­
nual reports of the Statistician of the Commission,
who prepares each year a very elaborate and compre­
hensive report. But the Commission's own statistics
disprove its assertion. The reports of the Statistician are
very slow in coming out, and we have as yet hadnothing later than for the year ending June 30, 1892— in
fact hut a very brief and incomplete summary even for
that year, the latest fu ll report being only to June 30,
1891. By bringing together the figures for these and
previous years we obtain the following interesting
eomparison. We show, besides the amount of stock
paying nothing, the total stock of all roads reporting
to the Commission and the mileage upon which the re­
ports are based, and also the ratio that the arnouu t
paying nothing bears to the whole.

Tear
Ending
June S .
O

Miffs of
Road Ktprt
ecuted.

1888......... ...1 3 6.8 8 3
1889......... ...1 5 3,3 8 5
1880.........
1891......... ...1 6 1,2 7 5
1893.........

Total
Stock.
3,361,168,055
4,251,190,719
4,4,09,658,185
4,450,649,027
4,633,108.703

Amount
Paying
Nothing.

S
2,374,200,906
2,621,439.792
2,811,520,552
2,654,258,391
2.807,403,326

P.O.of
W
hole.
01-44
61-67
63*76
59-64
6060

Thus not only has the amount of stock paying no
dividend not “ considerably decreased since 1888” but
it has not decreased at all, standing at 2,807 million
dollars for the latest year, on 162,000 miles of roal,
against only 2,621 million dollars in 1889 on 153,000
miles, and but 2,374 million dollars in 1888 on 137,000
miles. The percentage of non-paying stock is somewhat
less for the latest year than for the earlier years, but
the Statistician in his report for 1891, when a
reduction as compared with the year preceding
was noted in both the amount and ratio of stock
paying nothing, said, “ it must not be overlooked
that stocks seem to have been converted into in­
come bonds during the year— a financial operation which
would take place in connection with the poorest only
of railway stocks.” We do net know how largely this
was done, but to the extent it was done it of course had
the effect of permanently transferring certain amounts
of non-pajing stocks, from which it follows that except
for such conversion the total of non-paying stocks
would for the last year in the above table be still larger
than it appears. Moreover, it must be remembered
that the figures in the table come down only to June
30, 1892. It was in the year to June 30, 1893, that
the suspensions of dividends were especially numerous,
and when the Statistician submits his report for that
period to the Commission that body will, we are sure,
be very much grieved to think that they should have
fallen into the error which is the subject of our criti­
cism.

110$

The fact that over 60 per cent of the stock
of United States railroads should be netting nothing is
of course in itself a most significant circumstance.
Another consideration, however, should he borne in
mind. Large numbers of roads while still on the divi­
dend list are paying reduced amounts of dividends1
For instance, many are paying only 4 per cent against
5 and 6 per cent previously. As the detailed statistical
report of the Commission to June 30, 1892, has not yet
been issued, we are unable to make comparisons on
that point, hut from a table given in Poor’ s Manual it
appears that the dividends distributed in 1892 amounted
to only 1-68 per cent of the total stock outstanding,
against 1-85 per cent in 1891, 1-80 percent in 1890,
1*81 per cent in 1889, 1'77 per cent in 1888 and 2*18
per cent in 1887. The percentage for 1892, it will be
observed, is the lowest of all the years, this being the
combined result of the increase in the total of stock
paying nothing and the diminution in the rate of re­
turn upon the remainder.
W ith reference to the amount of bonds receiving n o
return, we have found it impossible to make
up a statement from the Commission's report
the same as that given above for stocks. In at least
one of the years the Statistician did not give the figures,
and besides that the statistics for the earlier years ap­
pear to have been made up on a different basis from
those for the more recent years, income bonds and mis­
cellaneous bonded obligations being now excluded from
some of the comparisons. In the abstract of the report
for the year ending June 30, 1892, we find it stated that
the amount of funded debt of United States railroads,
exclusive of equipment trust obligations, paying no in­
terest was $777,719,420, or 15*56 per cent of the total
funded debt outstanding. A similar computation in the
report for 1891 shows $473,925,526 bonds paying no in ­
terest, or 9 90 per cent of the whole. In at least the
fiscal year 1892, therefore, there was, according to these
figures, an important increase in the amount of bonds
p ajin g no interest, instead of the “ great reduction *
which the Commission notes. Moreover, it is beyond
dispute that in the year to June 30, 1893, there were
further large additions to the total, and in the six
months since then still further additions.
It is by no means to be inferred that we attribute
the less favorable results wholly to the Inter-State law.
The more recent defaults, as we have seen, have fol­
lowed from the great industrial depression which has
spread all over the country. Previously, too, the
Inter-State law had not been the only disturbing factor
in the affairs of the railroads. The State legislatures
and State railroad commissions have done their share
to hamper railroad operations and reduce profits.
Then the construction of a large amount of unneces­
sary new mileage, by intensifying competition and
increasing the number of roads among which to divide
traffic, has been an equally important disturbing ele­
ment. Besides this, the fact that the roads have had
in many cases to pay higher wages, that faster and
more frequent trains and increased accommodations
and facilities have been granted the public, that never­
theless rates have dropped lower and lower—-all these
have combined to reduce railroad profits and railroad
dividends.
In conclusion, it is perhaps desirable to correct one
other erroneous statement in the report of the InterState Commission.
Adverting to the fact that such a
great portion of railway securities is yielding little or
no return, the Commission says: “ Many railway man-

1104

THE

CHRONICLE.

ygers claim this as evidence that the law deprives car­
riers of adequate revenue. The law can only operate
to limit railway revenue by preventing unjust charges
and undue partiality. The claim of these managers
must rest then upon the proposition that the law, by
prohibiting wrongs, works injury to railway prosperity.
Such a plea is anomalous.” Here the Commission is
reasoning from false premises. Railway managers do not
claim that the Inter-State law, by “ prohibiting wrongs”
and “ preventing unjust charges and undue partiality,”
works to the detriment and disadvantage of the rail­
road interest. What they do claim is that the law,
through the operation of the long-and-short-haul
clause, which has the effect of pulling local rates down
to the level of through rates, a provision which fortu­
nately the courts are construing more liberally now,
and by forbidding pooling, thus making more difficult
the maintenance of rates, and by prohibiting prefer­
ences not as between individuals but as between places
and localities and which worked injustice to no in
terest, and in various other ways—-has operated to the
injury of the roads. Whatever may be the opinion of
the Commission in this respect, there are competent
railway managers, having from practical experience-a
full knowledge of the working of the law, who hold to
the bilief that the Inter-State Act has been at least as
potent a factor as any in bringing about the railway
<disas'ers of recent years.

THE MANCHESTER SHIP CANAL.
[Communicated by onr London Correspondent.)

As tc-day (Saturday, December 16th) the directors
•of the Manchester Stiip Canal accompanied by the rep­
resentatives of the principal towns of the district, and
with a large suite of journalists in attendance, make a
trial trip over the canal, and on New Year’s Day the
directors hope that the canal will be actually open for
traffic, the facts relating to this great enterprise will
be interesting and timely. It was in June 1883 that
a meeting of the leading representatives of the com­
mercial classes of Manchester and the neighboring
towns was held at the residence of Mr. Daniel Adam­
son, of Didsbury, to consider the practicability of a
-ship canal to Manchester- The question had been
frequently discussed before in the public press and in
pamphlets. The complaint was general in Manchester
that the trade of that city was being strangled through
a lack of accommodation at Liverpool— that port, the
•claim was, being no longer able to afford the requisite
facilities.
At that time, it was alleged that the shipping accom­
modation of Liverpool wa3 inadequate, that the Dock
Trust had incurred a debt of 16 millions sterling to
provide docks and other necessary acommodation, that
the heavy interest on this sum as well as the adminis­
trative charges of all kinds amounted annually to
nearly a million sterling, and that this million sterling
had to be paid by the shipping entering the port of
Liverpool; furthermore it was charged that the ship
ping accommodation was already so extended that it
was becoming increasingly difficult to augment it, and
that therefore further enlargement of the port would
involve a comparatively greater expense ; also it was
alleged that vessels could not cross the bar except at
high tide, which caused much delay, while the railway
accommodation from Liverpool was exceedingly costly,
alow and vexatious, and that owing to the immense
business of the port of Liverpool railway terminal prop­

[V ol. LV1I.

erty was of exorbitant value, and that every enlarge­
ment cost fabulous sums. Finally, over and above all
this, it was said that the separation of the trade in raw
material—speaking specially of cotton— from the trade
in the manufactured article was disadvantageous; that
the Liverpool cotton market was organized so as to im­
pose unnecessary burdens upon Manchester, and that
altogether the development of Manchester and its in­
dustries would be checked unless she could in some way
or other emancipate herself from the position of entire
dependence upon Liverpool in which she then stood.
But until Mr. Adamson took the matter seriously in
hand nothing practical was done. At the meeting
held at his house in June 1883 a very influential com­
mittee was appointed to proceed with the necessary
preliminary work and to determine whether a ship
canal was or was not practicable ; enough money
was subscribed in the room to carry out these prelimin­
ary works. The committee selected upon the spot two
engineers of great reputation to examine the route of
the proposed canal and report upon it, and it also
appointed a consulting engineer who was to advise the
committee upon theYeport of the two other gentlemen.
There is no doubt that the committee anticipated a
tidal canal— a canal, that is to say, that would bring
the sea up to Manchester itself— and one of the en­
gineers sketched cut a plan by which this could be
done.
The other engineer, however, reported very
strongly against it, and his report wa3 backed by that of
the advising engineer.
Finally the idea of a tidal
canal was given up.
Many strong technical reasons
were alleged against it, but perhaps that which had
the greatest weight in deciding the committee was the
fact that the surface of the water in the canal would
have been at least 70 feet below the streets of Man­
chester if the plan had been adopted.
The plan approved by the committee then was to
improve the existing tidal portion of the river Mersey
to Litchford; from that point to Irlam to make a
semi-tidal canal, and thence to Manchester to construct
a canal which should not be tidal but in which the
water should be maintained at a n ' agreed depth by
means of locks.
One hundred thousand pounds stering was subscribed without delay to get the necessary
authority from Parliament to construct this great
work. Under our system all enterprises of the kind
have to be sanctioned by Parliament, for there is no
general statute under which such companies can be
organized, and they cannot be carried out without
very considerable powers ; for example, the power to
purchase land and the power to adjust the rights of
others with which the canal in the progress of its con­
struction may interfere.
It also is a curious anomaly
of our system that the Government does not intefere in
proposed legislation of the kind.
The matter is
treated as a private interest alone. Those who favor
the proposed scheme have to bear the expense of get­
ting the Parliamentary authority and those who oppose
it have to incur the expense of resistance. A t the
beginning of every session committees are appointed
to consider all private bills, as they are called, and
practically the recommendations of the committees
appointed respectively by the Gommons and the Lords
are always followed by the Two Houses.
In 1S83 a bill was promoted for the construction of
the ship canal but was thrown out by both commit­
tees. A similar bill was introduced the following
year and met with the same fate.
In 1885, however,
considerable modifications were introduced in the bill

D ecember 30, 1883.]

THE CHRONICLE.

and it passed the committee of the House of Lords
by a narrow majority.
Then it came before the Com­
mons committee, which happened to bo presided over
by the late Mr. W. E. Forster. The committee in isted
upon farther very great alterations in the plan.
Its
demands were accepted by the promoters of the hill,
and in its changed form the bill was at last passed*/*!?is
only fair to the promoters and to the professional gentle­
m en employed by them, to bear this in mind—-firstly
that the mere fight in Parliament to get authority
to construct the canal took np three years, and involved
heavy expense: secondly that the original plan was
fundamentally changed ; and thirdly that the changes
were of such a nature as to increase very greatly the
cost o f the work. On the other hand it was clearly
the duty of Parliament not to allow Manchester to do
for her own benefit what might have ruined completely
the port of Liverpool.
The, changes made, therefore,
were for the purpose of protecting Liverpool against
anticipated dangers, and at the same time allowing
Manchester to provide herself with all the accommoda­
tion she might think requisite.
The total length of the canal as finally sanctioned by
Parliament is about 354 miles. From Manchester to
Runcorn, a distance as the crow flies of about 174
miles, the plan submitted by the promoters was ap­
proved. Rat the original pioposal was that below
Runcorn the canal should be tidal. The committee
insisted, however, that it should at Iiancorn be d i­
verted from the river to the land at the Southern or
Cheshire side, and that it should be carried inland
from Runcorn to a place called East Ham, somewhat
more than half way to Liverpool. A t East Ham it
passes into the estuary, at which point the sill was re­
quired to be not lower than 23 feet below “ old dock
sill datum.” Still the entrance sills are about 11 feet
below the deepest dock sills in Liverpool.
A t the surface the canal is nearly twice as wide as
the Suez Canal, so a3 to allow of vessels passing at
every point. A t water level the minimum width is 172
feet. The minimum width at bottom is 120 feet,
but between Barton and Manchester it is 170 feet, and
at water level 230 feet. The minimum depth is 26
feet. It is proposed to provide powerful lamps so as to
enable vessels to use the canal by night as well as by
day ; and as they will be able to pass one another at all
points the delays ought not to be great, although there
are several locks. The engineers estimate that the
total passage will not occupy more than five or six
hours, and that at low water a vessel can get up to
Manchester quicker than it can get into dock at Liver­
pool, because of the difficulty of passing the bar at the
latter place. Docks are to be provided both at Man­
chester and at Warrington. The area of the water
gpace of the Manchester and Salford docks is 114 acres,
the quay3 being o{- miles long and the area of quay
space about 152 acres. The area of the water space of
the Warrington dock is 23 acres, and the quay frontage
is a mile and a-quarter. The hope is that gradually
ship-building yards of immense magnitude will spring
up aloDg the course of the canal and that likewise
there will be founded an immense number of new
industries. But all that is as yet in the undeveloped
future.
Manchester is the centre of perhaps the most popu­
lous district in the world. Within an area round the
city comprising about 7,500 square miles there is an
estimated population of 7-i millions. Within this area
there are about 150 towns, Of these, 100 have each a

■
;.....

■

1105

..

population exceeding 10,900 and 50 o f them have
populations ranging from 10,000 to 20,000, 18 of them
have populations of between 50,000 and 100,000 and!
11 have populations of over 100,000. The promoters'
of the canal hope and believe that Manchester w ill
become the distributing centre of this great district,,
that it will attract to itself from Liverpool a vast part,
of the shipping business of that great port. The oppo­
nents of the enterprise reply that this is absolutely
impossible, that Liverpool has a settled connection?
with all parts of the world. If a merchant, for exam­
ple, in the United States wishes to send any com mod­
ity, say cotton or wheat or maize or pork, he knows
that there is a great market for it in Liverpool; but
can he be equally sure of a market in Manchester ?
And the magnitude of the market, it is argued, is o f
the very first importance to the trader. Further, it is
pointed out that all the great railway companies serv­
ing the northwestern corner of England have made
their arrangements on the assumption that Liverpool
is the great shipping port of that part of England..
They will not lightly disturb those arrangements and'
incur the very heavy expense that would be involved in.
providing not only terminal accommodation in Man­
chester, but also in buildiDg connecting links with the;
lines from the docks to all the neighboring towns,.
Lastly, it is objected that Manchester is not equipped
for carrying on a great sea-borne trade in any particu­
lar. It has not storing space, or warehouses, as they
are called, in Manchester itself. A ll this equipment
will have to be provided at great cost before Manches­
ter can hope even to begin the competition with Liver­
pool.
The case so put seems very stron g; but the Man­
chester men are not in the least discouraged. They
reply that the entire influence of Liverpool and o f the railway companies centering there was used in Parlia­
ment to prevent power being given to construct thecanal, yet that they were defeated; that Liverpool and
the railway companies did all they could to prevent the
subscription of the money required, yet that the money
has been raised; that they interposed every conceiv­
able obstacle in the way of construction, yet that th&
canal has been com pleted; and the Manchester men
now calmly tell their critics and opponents that if the
railway companies will not do their part in providing
the heceasary accommodation, then Manchester men
will know how to provide the accommodcution for them­
selves, and that in the long run it is the railway com ­
panies and not Manchester that will suffer. It will be
seen that the fight between Manchester and existing
interests is by no means over yet, although the physi­
cal task of building the Canal is completed. B at Man­
chester has a knack of succeeding when it makes up its
mind, and doubtless Manchester men will know how to
get the accommodation that they ward.
The original estimate of the cost of the canal was a
little under o i millions sterling ; but this estimate wa.
greatly raised as time went on. In the first place, th
bitter opposition in Parliament was an expensive affair.
In the second place, the criticism to which the proposal
was subjected by all interested parties, the openlyexpressed hostility of Liverpool and all the great
trading interests of Liverpool and the railway com ­
panies, and of so many other parties, made it very diffi­
cult to raise money anywhere outside of Manchester
and the immediate towns chiefly interested. In th e
third place, the changes insisted upon in the plan o f
the canal by Parliament added immensely to the e**

110(5

THE

CHRONICLE

'penses ; for instance (1) every vested interest was fully
respected and the canal company was required to com­
pensate every interest for every conceivable damage
done ; (2) the extension inland and the buying up of
land was of course costly. In the fourth place the
under soil turned out in many cases to be softer and
less fitted for forming a good bed than had been antici­
pated. Finally, and in addition to all this, it was found
necessary to buy the Bridgewater Canal— a canal con­
structed a century agojoy the then Duke of Bridgewater,
a man of great enterprise, who observed the urgent
necessity that then existed for improving the commu­
nications of the country. This Bridgewater Canal is a
subsidiary affair, and it had fallen under the control of
the railway companies. It has been bought by the
canal company for something under a million and threequarters sterling. But even now it is worked at a fair
profit, and doubtlesF by-and by it will prove to be a
very valuable property.
The eaily difficulties of the company may be gathered
•from the fact that the first issues of share capital were
a failure, although they were made through the two
•greatest financial houses then in the world, the Messrs.
Rothschild and the Messrs. Baring Brothers, the
latter being at the time still at the very height of
their almost unexampled prestige. In spite of diffi­
culties, however, the money Was raised, and with­
out loss of time the works were begun. At the
end* of 1890 somewhat over 9j millions sterling
had been expended, and very great progress had
been made in the construction of the canal.
But then the credit of the company failed, and it
was found impossible to provide further money by the
•ordinary methods.
It was estimated . that about 2£
■millions sterling were needed to complete the canal,
and that a further sum would be necessary to carry out
all the original estimates, although the raising of that
•further sum might be postponed until the canal was in
■working order.
Already the Manchester Corporation
’had befriended the canal, had in fact subscribed very
largely to it, and the Corporation was well represented
on the board of the company.
The canal company
felt under the circumstances that to the Corporation of
Manchester alone could it look for the urgently required
aid. Accordingly, application was made, special meet­
ings of the Corporation were held, special investiga­
tions were instituted by a committee appointed for that
purpose and by the financial, legal and engineering advisersof the Corporation. Finally the Corporation decided,
with the general approval of the people of the city, that
application should be made to Parliament for permission
to lend 3 millions sterling on second debentures, bear­
ing 4^ per cent interest. The application was made,
ithe permission granted, and the money was advanced.
A t the end of last year the total outlay on the canal
was 12f millions sterling.
This year the Man­
chester corporation lias lent 2 millions sterling more,
making the entire cost of the canal about 15 millions
sterling. The capital consists of 8 millions sterling,
half in ordinary shares and half in preferred shares.
D p to the end of 1890 first debentures, bearing 4 per
cent interest, amounting to £1,359,000 had actually
been issued, and second debentures at the same rate
•amounting to £182,845, making together considerably
•over a million and a-half sterling ; and there were unissued first debentures amounting to £453,000 and second
. •debentures amounting to £415,175, or together £868,•1<5. The Manchester Corporation has lent in addi­
tion 5 millions sterling in 4| per cent second deben­

[V LVIL
on.

tures, making the total capital nearly 15£ millions
sterling.
When the canal was first projected the calculation
was that the average cost of carrying goods via Liver­
pool to Manchester was about 15s. per ton, and that
the opening of the canal would reduce the cost by onehalf. When it was found that the promoters were in
earnest and were being backed up by Manchester capi­
talists, the charges, especially of the railways, were re­
duced. But even now the estimate is that the cost of
carriage will be reduced by over 6s. per ton, upon an
average. The Manager of the company announces
that during the year 1894 no ship dues will be charged
on vessels using the canal to Manchester. Those which
proceed only a short way up will be liable to existing
ship dues, but those that go to Manchester will be
exempt. It is added expressly, however, that thi3 is
only an experimental measure, and after a year's tria
may be modified or altogether changed.
Adopting the classification of merchandise approved
by the Board of Trade under the recent act regulating
railway carriage, the Manager of the Manchester Ship
Canal Company has issued a schedule of the charges
which are to be enforced for the present. They are
for Class “ A " Is. per ton, and they increase regularly
by Is. per ton to Class “ C,” which is 3s. Then they
begin again with Class 1 at 4s. and increase regularly
once more Is. per ton to Class 5, where the charge is
8s. per ton. According to a statement issued by the
company the schedule of charges just referred to will
carry out the intention of the promoters of the canal
by reducing fully 50 per cent the present cost of con­
veying goods from Liverpool to Manchester. Since
work upon the canal began, the charges between Liver­
pool and Manchester have been greatly reduced. There­
fore, to realize the hopes held out to Manchester, the
directors of the company find that they cannot charge
the full rates allowed by the Act of Parliament.
It may interest the reader to show how some of those
commodities which most largely enter into the trade
between the United States and Liverpool will be
affected. According to the official statement issued by
the company the present charges of all kinds between
Liverpool and Manchester upon cotton amount to
13s. 8d. per ton.
It is assumed in the statement that
the ocean freights will be the same however goods are
sent from America to Manchester, and that the differ­
ence will only be between Liverpool and Manchester.
The charges to be made by the canal company for
cotton amount altogether to 6s. per ton, so that there
is a saving of 7s. 8d. per ton by using the canal, or
considerably more than 50 per cent. The total charge
in the case of wheat in sacks is 9s. lid . per ton at
present; by the canal it is proposed to be 3s. 6d., a
saving of as much as 6s. 5d. per ton, or, roughly, twothirds.
On bacon and hams the total charges at
present are 15s.; the total charges by the canal are
proposed to be 6s. 7d., a reduction again of over 50
per cent. On petroleum the total charges at present
are 14s. 5 d .; by the canal they are to be 5s. l i d .— not
much more than one-third. The total charges on tinned
meats at present are 17s. 5d.; by the cana1 they will be
6s.— not much more than one-third, and showing a
saving of 11s. 5d. In the case of wools the total
charges at present are 16s. 5d.; by the canal they will
be 6s., a saving of 10s. 5d.
It is understood that as soon as the canal is declared
open for traffic there will be a very great reduction
both in the charges of the Liverpool Dock Trust and

December 30, 1893.J

THE CHRONICLE.

HOT

of the railway companies. The directors of the canal 1887 the estimate of railroad construction was 12,983
company announce that they will lower their own rates j miles; in 1888 it was 7,028 miles; in 1889, 5,696 miles;,
exactly in proportion ; and a3 they are now proposing |in 1890, 5,657 miles; in 1891, 4,620 miles and in 1893
to charge only half the Liverpool charges, and in some 4,648 miles,
cases considerably less, a redaction of Is. by Liverpool
A striking feature of our compilation is the small
and the railway companies will necessitate a reduction issue of securities in exchange for old ones. The fact
by the canal company of only 6d., and in many cases that so large a number of roads and of industrial con­
o f even considerably less. The influence of public cerns have gone into the hands of receivers this year
opinion is being brought to bear upon all the trades might prompt the expectation that we should find the
connected with Manchester and the neighborhood so as amount of bonds and stocks issued to take up old secu­
to induce the members to use the canal either exclu­ rities unusually large. Reorganizations would no doubt
sively or mainly. A circular has been issued to cotton have been an important feature if the recovery from
spinners inviting them to siga a declaration that they our industrial depression had been speedy. A s it is,
will import direct to Manchester instead of to Man­ defaults even more than a year old, and where plans
chester via Liverpool. A 3 stated above, the sav­ for rehabilitation had been agreed upon early in 1893,
ing would be 6s. 8d. per ton.
The object is have been deferred because of the new and unfavorable
to encourage shipowners to begin loading vessels for industrial and financial conditions which have inter­
Manchester ; and it is pointed out that as no ship dues vened. The amount of the listings for 1893 under this
are to be charged there will be a saving to the ship of head in our table is but 107 millions, while in 1892
Is. 3d. per net registered ton. Shippers, it is added, the amount thus classified was 130 millions, and if we
will he able to send cotton to Manchester direct at the look further back we shall find that in but two years
same rate of freight as to Liverpool, affecting a saving since 1884 has this total fallen below the figures for the
of more than 1-3M . per lb. A t the same time arrange­ past twelve months. Reorganization of the properties
ments have been made with shipping companies of now in default will it is hoped be undertaken early in
various kinds to establish direct steam communication 1894 and accomplished before the year closes. I f
between Manchester and the leading home ports, such this hope is realized, these refunding issues will go to
as Glasgow, Southampton and Dublin ; also with the swell the amount of securities “ replacing old securi­
leading Continental ports, such as Rotterdam, Amster­ ties” in the listings for next year, and the total for
dam, Antwerp and Hamburg.
1894 ought therefore to be large. The exceptionally
large amount of old issues newly-listed this year is an
evidence of the increasing desire to give securities the
L IS T IN G S ON THE N E W Y O R K STOCK
advantage of a favorable introduction to the market
E X C H A N G E I N 1898.
which listing on the New York Stock Exchange affords
The figures for the year 1893 which are added this them.
week to our table of listings on the New Y ork Stock
The following table shows the total listings of both
Exchange show, as expected, a very marked falling off stocks and bonds during each of the last nine years,
in the amount of the new bond issues during the the classification being in accordance with principles
twelve months. Only 139 millions of bonds represent­ explained in former articles.
ing new capitalization are included in our aggregate,
LISTINGS ON N E W V O ItK STOCK EXCH AN G E.
and it will be noticed that this is the smallest amount
Old issues
jReplacing
Mew issues.
B on d*.
Total.
reported for any year since 1886.
newly listed. old securit ies.
The culmination this year o f our currency derange­ 1B93................. 3139,272,000 $42,178,000 *107,353,100 $28 J,803,400
ment, which derangement has been for the last two 1 S 9 2 ................ 175,125.600 12,352,000 130.383,900
317,861,500
years so clearly marked by a lack of confidence abroad 139 1 ................. 191,397,700 16,187,000 80,061,000 287,645,700
in onr securities, has made our own capitalists also ex­
1 8 9 0 ................. 198,158,950 105,204,279 351,501,750 684,867,879
tremely cautious. As a result important reorganiza­
6,050,000 176,806,000 389,720,000
1 8 8 9 ............... . 208,864,000
tions have been delayed, railroads have been obliged to
11,792,000 237,220,587 511,002,218
188 8 ................. 2.-1,989,631
forego the floating of contemplated new issues and
16,304,000 146,787,321 343,477,321
1 8 8 7 ................. 180,386,000
give up many proposed extensions and improvements.
47,354,380 109,102,300 238,097,600
81,641,000
1886 ............ .
Indeed a number of the loans included in the 139 mil­
25,700,000
65,715,000 197,259,000
1 8 8 5 ................. 103,844,000
lions of new bonds were marketed for the purpose of
S to c k *.
taking up floating indebtedness, and so do n ot really
$48,874,000 $55,627,100 $198,245,261
represent recent improvement in the physical condition 1 8 9 3 ................. $93,744,161
48,364.85C
99,905,900
88,766,355 237,036,105
1892 .................
of the roads which issued them.
1,650,000
90,724,200 188,914,954
96,540,754
1 8 9 1 ................
A general idea of the small extent of the railroad
work done in 1893, and consequently a measure of the 189 0 ................. 161,461,729 10,190,747 203,039,854 437,992,330
9,936,00
179,052,057 259,619,774
small need there has been for fresh money, is gained 1 8 8 9 ................. 69,721,717
from the new mileage added. The estimated railroad 1 8 8 8 ................. 62,408,357 10,972,47a 175,447,413 248,228,275
construction for the first six months was only about 1,000 1887................. 98,726,781 32,643,426 138,682,333 270,053,550
miles of track, and while more work is usually done 1886................. 54,006,350 67,235,800 208,226,200 329,469,350
3.700,000
35.430,000
during the last six months of the year on account of 188 5 ................. 17,783,116
56,913,116
N o t e —Applications for ttte listing o f Trust Company receipts a n d o£
the more favorable weather, it is reported that the total
securities marked ‘‘assented” (if preparatory to reorganization), o r o f
for 1893 will reach only about 2,650 miles.
That securities stamped “ assumed” or “ assessment paid” —tlie securities
is, the new track added to our railroad systems through­ themselves having previously been listed—are not included in this table,
out the country this year is probably les3 than has been
A comparison of the total listings for the year with
built in any one year since 1877, with the possible ex those for the first six mouths, as given ia the C h r o n i ­
ception of 1878, when the new construction fell some­ c l e of July 8th, shows that the larger amount of se­
what below 3,060 miles. The falling off in this respect curities was listed during the first half of the year.
ha3 been noticeable year by year for some time. la The less favorable industrial situation the last half of

THE

1108
t h e y e a r m a in ly a c c o u n ts

fo r

th is d iffe r e n c e .

CHRONICLE.

It m ay

to o be in p a r t a c c o u n te d f o r b y th e f a c t t h a t n e w c a p i­
t a l w as n e ed e d
heavy

in crease

in

o rd er

of

to

tra ffic

m a k e p r e p a r a tio n s fo r th e
w h ic h

th e

W o r ld ’s

F a ir

b r o u g h t t o m a n y o f th e ro ad s.
W e g iv e in th e f o l l o w in g

ta b le

som e o f

t h e le a d in g

lis tin g s o f ra ilro a d b o n d s , w ith a b r ie f s t a t e m e n t o f th e
p u rp o se o f th e issu e.

It

w ill

be

n o t ic e d

h o w s m a ll a

p e r c e n ta g e o f th e s e c u ritie s w as fo r n e w c o n s t r u c t io n .
LARGE LISTINGS OP RAILROAD BONDS IN 1893.
Company and Title of Loan—
Amount. Purpose o f Issue.
Atoliisow Topeka & S»uta Fe—
New 2d mortgage, Class A ....... $ 6,**79,000.To retire incomes.
Equipmei t trust......................... 2,250,000 Equipment.
Colorado Midland 4s.................
77,<’00 Construction, etc.
St L. & San Fran. <*ous. 4s....... 2,684.500. Various purposes.
Buff. Rock. & Pitts, gen. J I. 5 s... 1.100,0**0. Vew construction, etc.
V
Central RK of N. J. gen. M. 5 s.. 2,000,000.Extensions and equip.
Charleston & Savannah i*t M ... 1,500,000.Old loan.
Chic. Burl. & Quincy consol. 7s.. 6,177.000.improv.. refunding etc.
Chi. &E. 111. geu. con. & 1st tf.os.
946.000.Construction and equip.
Chic. >*il. & St. Paul geu. M. 4s. 9,8‘ 6,000. Imp., equip .refund.,etc.
Chicago & Northwestern debent. 1,000,000.Equip., improv.. etc.
Chic. K. I si. Pac. ext. & coil. 5s. 2,816,000. Extensions, equip , etc.
Chic & West. Ind. gen. M. 6s .... 1,250.000.Extensions andimpts.
Clearfield & Mahoning 1st M. 5s.
6 50,000.New road.
Cl C
’iu. Chic. & St. L. gen. M. 4 s. 3.000,000. Construction, equip., etc.
Connecticut * Passumpsic 1st M. I,9o0,000. Refunding.
Denver < Rio Gr. 1st cons 4 s ...
fc
2 15,000.Mew construction.
Improvement mortgage 5s.......
53,500. Improvements.
Duluth & Irou Range Lst M. 5s..
549.0<>o.Extensions.
Evansv. * T . H. lst gen. M. 5 s.. 1,721,000.Double track, equip., etc.
Florida Ccn. & Penins cons. 5s. 1,800,000.New road.
Do
do
do
do.
856,"00.T o retire lst pref. stock.
Gr. Rap. & Ind. ext. lst M. 4 ^ 8 .
25b,0 0 0 .Extending old ls t M. 7s.
Great Northern System—
Willmar * Sioux Falls 1st M ... 3,625,000.Costof road and exten.
St. Paul Minn. & Man. consols. 1,^45,000.Refunding, etc.
Green Bay Win & St. P. consois. 2,500,000. For reorganization.
Second mortgage incomes........ 3,781,000. Do
do
Illinois Central gold 4s................ 21,534,000.For L. N. O. & T. in 1892.
Lake Erie & Western 2d M. 5 s...
3 00,000.Equipment and improv.
Long Island RR.—
N. Y. Bay exten. IstM . 5s.......
200,°0 0 New road.
Lonisv. Ev. * St. L. gen. M. 4 s.. 2,432,000. Fund’g floating debt, etc.
Louisville & Nashv. unified 4 s ... 4,064,000.Various purposes.
South* North Alabama..........
2 18,000.Refunding.
Louisx ille St. L & Tex. consols.. 7,613,00 *. Refunding, etc.
Manhattan Ky. consol, ^s.. .......
2,789,000.Refunding and improv.
Mexican lntei uat. ist M. 4s____ 14,000,« 00.Construction.
Milwaukee * North. 1st con. 6s. 1,089,000.Extensions.
Missouri Kansas * Texas—
Mo Kan. & R lst M. 5s. guar. 4,000,000.New road.
.
Nashv. chat. & St. L. st cou. 5s.
100,000.Refuudiug, extens., etc.
New York Cent. < Hudson Riv.—
v
Debt certificates extended....... 6,430,500.For matur’g certificates.
Carthage* Ad. IstM. 4s,g ar. 1,100,000.New road.
Mohawk * Malone lst M.,guar. 2,500,000.New road.
N.Y. L. E .* W.Long Dock con.ts. 3,'>00,000.To retire old bonds.
N. Y. N. H. & H debentures....... 3 ,750.0U0. Four-tracking, etc.
N. Y. Ont. & W. refund. M. -is....... 1,125,000.Equipment, etc.
N. Y. Susq. & West 1st M. 5 s —
990,000.Extension s and equip.
Norfolk * Western 100-year 5s.. 4,472,000. For prior liens and exten.
Col. Con. & Ter. Lst M. 5s. guar.
600,000.New road in 1892.
No. Pac. lst M. land gr cons. 5s.
347 , 000. To acquire other roads.
Collateral tiust notes...............
7,500,000.To fund floating debt.
Ohio Southern 1st M. 6s.............. 1,132,000.Extensions.
Oregon * California lst M 5 s ...
66 £,000. Par. of Portl. & Yamhill.
Paducah Tenn. & Ala. lst M....... 2,432,000.New road.
Philadelphia & Read. gen. M. 4s. 4 291,000.Various purposes.
.Pennsylvania consuls................... 3,000,000.Improvements.
Consols......................................... 32,478,000.Old bonds just listed.
Purchase money mortgage.. . . 1,675,000.Dock property.
Clev. * Pittsburg gen. M. .......
110,000.Improvements, etc.
Pitts. Cin. C. * St. L. consol. 4*«s.
752,0 0. Additions and extens.
Pittsburg & Western 2d M..........
3,500,000.2d track, funding, etc.
Rio Grande Western 1st M, 4 s ... 1,200,000. Bills payable,irnpts., etc.
San. Ant. * Aran. Pass lst M. 4s. 16,768,' 00. Refunding.
South. Pac. of Cal. consol. 5s----- 1,000,000. Against 105 miles brehs.
Texas & New Orleans consol. 5s. 1,620,000.Improvements, etc.
Tol. * O. Ceo. West. Div. IstM . 2,112,000.T O.&0.RR exten.equip.
Kanawha & Michigan 1 s tM ... 1,000,000.New road, equip , etc.
IJniou Pacific exten. s. f. 8s ........
3,461,000.Extending old S. F. 8s.
Oregon Railway & Navigat’ n .. 7,175,000 ) Union Pacific collateral
Oregon Short L. * Utah No—
2,119,000 £ trust notes retired.
Wabash RR. ls t M. 5s..................
173,000. Refunding.
M a n y o f th e issu es in
m e n te d

upon

in

th e

th e

f o r e g o in g lis t w ere

a r tic le

p u b lis h e d

la s t

com ­
J u ly .

A m o n g th e h e a v y lis tin g s sin ce t h a t tim e we m a y m e n ­
tio n

th e

4

m illio n s o f

M is s o u r i K a n s a s

& E a s te r n

fir s t-m o r tg a g e os lis te d b y th e M is s o u r i

K an sas

T e x a s , and g u a ra n te e d b y th a t c o m p a n y .

T h ese bonds

b e lo n g to th e s m a ll cla ss w h ic h h a v e b e e n

an d

is s u e d f o r

the construction of new road, and in the application to
the Stock Exchange it is asserted that the newline will
receive all the business which the entire system of the
Missouri Kansas & Texas can contribute in. addition to
local traffic. The Chicago Milwaukee & St. Paul has
listed $3,000,000 of general mortgage 4s this month in
addition to the $6,806,000 which were admitted to the
list during the first half of the year, the total listed
during the twelve months being $9,806,000. The full
amount of this issue is $19,130,000 and the total
amount listed to date $14,806,000, leaving $4,324,000
which remain unsold in the treasury of the company.

rvoL. L v u .

Another large issue was listed by the Mexicau Inter­
national on July 2 1 ; the amount of the issue was
$14,000,000, all of which were 4 per cent 50-year firstmortgage bonds.
There have been few large listings of railroad stocks,
the most important being those by the Chicago Great
Western, a company organized to readjust the capital
accounts of the Chicago St. Paul & Kansas City and
to supply fresh capital for carrying on its business.
The New York Susquehanna & Western, moreover, has
made a new departure in undertaking to obtain separ­
ate and adequate terminals at the New York end of its
line, and in connection with this operation has arranged
to retire its old stock certificates in exchange for new
shares, thereby getting rid of the cumulative provision
in its old preferred stock. The listings of a portion of
its new shares and of other large issues of railroad
stock are included in the following:
L A R G E LIST IN G S O P R A IL R O A D STOCKS.

C om p a n y a n d Class o f Stock—

Okie Burl. & Quincy common...
Cbic. Great West, rteben. stock..
Do
do
do deben. stock..
Do
d»
<
do pref. A ............
Evansville & T. H. common.......
Great Northern preferred ------Lonisv. New A. & Cliic. new com.
Do
do
do
newpfd..
Do
do
do
newpfd..
N. Y. Cent, reepts. for stk. sub...
N. Y. N. E . & Hartford....... ........
T
N. Y. Susq. & W. new com..........
Do do
do new p r e f .........
; Norfolk & W. preferred...............
• P itts. Ft.W. & C h ic.g u a r, s p e cia l.
j Toledo & Ohio Central.................
U'st r& Delaware........................
i Wheeling & Lake Erie common..

A m ou n t.

P u rp ose o f Issue.

$5,877,60 ».Equipment and improv.
2, 000,“ 0 0 .Improvements.
9,2i9,O 00 /T o retire Ohio. St. P. &
11,09'-*,400 j K. G , e*c.. bonds.
1,00 ,0 0 0 .Finding floating debt.
5,000,o00. Equip., terminals, etc.
9,000.000 > I a exchange for old
3 , 0 *0,000 5 common.
1,500,0*0. Equipment and improv.
8,942,800.New bridge and improv.
4,813,200.To retire. Old Colony stk.
10,136,* 00 / la exchange for old
10.255,8015 stock.
5,0 '0,0 i0.Maturing debts aDd ext.
2 ,5 8 6 .8 6 1 . A d d itio n s and im p r o v .

1,651.000-Purchase T. C & C.
1.79 4, 000. Extensions, etc.
4,000,OuO. Various purposes.

Of the industrial and misc-llaueous stocks the list­
ings, though comparatively few in number, reach in
amount a considerable aggregate, as will appear from
the table subjoined.
L A R G E L IST IN G S O F IN D U S R IA L S , E T C ., STOC KS.

C om pany.

A m ou n t.

Barney & Smith c. & pf..$3,500,000
Commercial cable com. 2 ,284,000
Detroit Gas..................... 4 ,0 *
0.000
Diamond Match............ 9.00 0,000
Edison El. 111. of Bklyn. 1,000.000
do.
do.,
N. Y .. 1,438,000
Illinois Ste*d................... 18,65o,6()0
Interior Conduit............ 1,250,000

C om p a n y

A m o u n t.

Mich. Pen.Car com .* pf $7,000,000
National Cordage..........20,000,000
Pullman Palace Car . . . 6,009,000
Tenn. C. I. & RR.......... 4,195,700
Third Avenue RR ___ 2,000,000
U. S. Rubber Co. com.. 6.684,900
do.
do.
pref.. 6,458,000
Nl. Shoe * Lea.Bk.N.Y.
500.000

The industrial bonds listed have been quite import­
ant in amount, though nearly all belong to the first half
of the year. In the last six months the additions were
$1,000,000 of Edison Electric first mortgage bonds and
$1,000,000 of the People’s Gas Light & Coke Company
of Chicago. The total listings under this head for the
entire twelve months are given in the following table:
L A R G E L ISTIN G S O F IN D U S T R IA L S , E T C ., BO ND S.

C om pany.

A m ou n t.

Barney* Smith Car 6s .$1,000,600
Ch’cago Gas—
Consumers’ Gas 7stM.
314.000
Cb.G.L. & Coke lst M. 1,090,000
Citv * Suburban Ry. of
Balt M.......................... 1,380,000
Edison Electric of N. Y.
Is tM ............................. 1,000,000

C om p a n y.

A m o u n t.

Fort St. Uo. Depot 4*23 .$1,000,000
General Electric5s....... 2,069.000
Illinois Steel 58
6,200,000
Mich. Peninsular Car 5s 2,000,000
People’s Gas L. * C. ls t
Cons ............................ 1,000,000
Tenn. C .,I. & R R . 6s . . . 1 , 000,000
U. 8. Leather 6s ............ 6,000,000

Of State securities there have been only two large
listings. They were all issued to replace old securities,
and are $11,405,400 of Louisiana 4 per cent consols,
due in 1914, and $16,359,500 of Virginia 2-3 per cent
funded debt bonds.

THE COURSE OF RAILROAD DIVIDENDS.
In reviewing the dividends paid upon railroad stocks
during the year 1893 it seems almost superfluous t a
point out what the course or tendency has been. APith
a financial and commercial panic, with all our indus­
tries in a state of paralysis, and with railroad earnings
falling off in extraordinary amounts, the general ten­
dency could be in only one direction, that is, towards
lower returns. That suspensions and reductions within,
the year have on the whole been so few comparatively,
especially among the larger companies, is due mainly

D ecember 30, 1893,]

THE CHRONICLE.

1109

A very few roads have improved their dividend re­
to two circumstances, first the fact that not a few com ­
panies had already in previous yeara passed oil turns during 1893. The [Pennsylvania Railroad, how­
the dividend list or greatly scaled down the ever, stands alone among the larger roads in having
rate o f return paid, and secondly the fact that made an increased distribution ; the company has given
the effects of the
unfavorable
conditions now its stockholders 7 per cent, 2 per cent being in stock,
existing can hardly as yet be said to have developed to against 6 per cent in the two years preceding. The
their fail extent.
Our dividend record of course is Philadelphia W ilmington & Baltimore in 1893 paid 71
made up on the basis of the dividends actually paid per cent, against 7 per cent in 1892 and 6 per cent in
within the year. It does not cover dividends which 1891 and 1890. Northern Central stockholders got 5
may be paid in 1S94 out of the 1893 earnings, or rather per cent in January 1893 and 4 per cent in July 1893,
out of the earnings for the last half of 1893. When against 4 and 3 per cent respectively in January and
these dividends come to be declared, there will doubt­ July 1892 ; the January 1894 dividend will be 4 per
less be further evidence of the intensity of the depress­ cent. The Burlington Cedar Rapids & Northern made
ing influences with which railroad managers have had its first dividend (Id per cent) in February 1893 and
to contend; indeed, this has happened already in some repeated the dividend in August. The Des Moines
& Fort Dodge paid 2 per cent on its pre­
vases where dividends for 1891 have been announced.
Providence & Worcester
Very naturally the smaller and weaker roads are the ferred stock in August.
first to succumb under unfavorable influences, and it is shareholders got an extra dividend of 4d per cent in
among these that changes for the worse in dividends are March 1883 out of assets in addition to the regular
most numerous. The Chicago & West Michigan paid dividend of 10 per cent per annum. Concord & Mon­
11 per cent in February hut nothing in August.
Tne treal is paying 14 per cent quarterly on all four classes
Toledo & Ohio Central, which paid altogether 4 per of stock. Jjehigh Coal & Navigation is now on a 6 per
cent on its common stock in 1892, in 1893 paid only 2 per cent basis, against 5 per cent previously. Huntingdon
cent. The N orfolk & Western, which in October 1892 & Broad Top preferred shares are getting 2d per cent
instead of the customary semi-annual cash dividend of semi-auDua)ly against 2 per cent before. The Savannah.
11 per cent on its preferred stock had paid one per Florida & Western announces a dividend of 6 per cent in
cent in scrip, in April of the present year dropped January 1894, against 3d in 1893 and 5 per cent in 1892.
When we come to arrange the road3 in groups and
altogether out of the ranks of the dividend payers.
The Buffalo Rochester & Pittsburg, which had been confine ourselves to the more prominent com­
paying 11 per cent quarterly on the preferred stock, panies, we find that the Southern group makes
This group has never
has since last February paid nothing. The Denver & a very sorry exhibit.
Rio Grande which, after a lapse, had resumed on its been particularly favored, though ir 1889, 1890
preferred stock and paid 1 per cent in February and 1 and 1891 its record was comparatively good ; now it is
per cent in May, with the depression in the silver-min­ worse than ever. The following comprises ten Southern
ing industry again discontinued dividends in August, roads, of which only four, it will be seen, paid any­
The Rio Grande Western in November likewise dis­ thing iu 1893, namely the Louisville & Nashville, the
continued returns on its preferred shares, and the Nashville Chattanooga & St. Louis, the Wilmington &
Lehigh Valley, after the termination of the lease to the Weldon and the W ilmington Columbia & Augusta,
Reading, also suspended dividends. The Nashville and of these four only one can he regarded as certainly
Chattanooga & St. Louis in November deferred the on the lint for 1894, a3 the next Louisville & Nashville
dividend due at that time on its stock. The W il­ dividend seems to be in doubt, and both the W ilm ing­
mington & Weldon, after giving its stockholders 8 ton & Weldon and the Nashville Chattanooga & St.
per cent for many years, in January 1893 paid only 3 Louis omitted or deferred their last dividend. The
per cent and in July passed altogether. The Alabama statement below gives the dividends paid by the more
Great Southern has paid nothing in 1893 on either the prominent roads for each of the last ten years.
Class A or the Class B shares; the former had pre­
1884. 1885. 1888. 1887. 1888. 1839. 1890. 1891. 1892. 1893.
Southern Roads.
viously been receiving 6 per cent per annum.
8
8
8
7
8
0
The Fiint & Pere Marquette, which had for some Cent. lift. Sc 8. G a ... 5H 4
4
6
3
years been reducing the dividend on its preferred stock,
5
5
5
2
4
5
5s
w
4
53
in August, under the monetary stringency, stopped
5
5
5
5
4
1
2
Nash. Chat. & St. L ..
m
3H
8
3
3
*2H
lk>
t3J&.
entirely. The Kansas City Fort Scott & Memphis,
5
5
5
which at one time made dividends on its common
10
10
10
3
6
0
6
6
6
6
0
Augusta
8
0
8
shares, in addition to 8 per cent on the preferred shares,
8
8
3
8
8
8
8
8
8
8
WiluilnK'n SWeldtttj
in 1893 paid only 3 per cent on the preferred. The
* One p. c. of this tn stock, tou t of 1883,earn’gs. {4 -9 of this in stock . ,
■
Seaboard & Roanoke, which had come down from 7 per­
The exhibit for the Pacific roads is no more favor­
cent per annum to 6 per cent, made a semi-annual able, as the Northern and Union Pacific are paying
dividend of only 2 per cent in May, and in November nothing and are in fact in receivers' hands, while the
discontinued altogether. The Annapolis Washington & Oregon Navigation also no longer can count on any­
Baltimore paid 51 per cent in 1893, against 6 f per cent thing, and the Central Pacific dividend under the mod­
in 1892. The Philadelphia & Erie paid 2 per cent on ification of lease to the Southern Pacific made this
its common stock in 1892 hut nothing in 1893. The week is likewise rendered doubtful. The Canadian
Oregon Improvement Company in September omitted Pacific still continues its 5 per cent dividends.
the customary dividend of 3 } per cent on its preferred
1S84.J 1885, 1886- 1887. 1838. 1880. 1890. 1891. 1892. 1893.
Pacific Roads.
stock. The Oregon Navigation stock will of course
hereafter be taken out of the dividend list by the de- Canadian P a cific,.... 5 | 4
5
5
3
5
3
5
3
3
3 ........
2
2
2
2
2
2
fault of the Union Pacific. The Pennsylvania & North­
4
4
2
7
6
6
0
Q
western announces a dividend of only 2 per cent semi­ Qreg. Railway & Nav. 6M} * 4 « 7
0
0
......
........
W ........
annual the coming January, against 3 per cent in both Union Pacific...........
* Owing to change in dividend period the total p m i in the year was
.January and July 1893.
s only as here given.

1110

THE

CHRONICLE.

[ v o l . uvn.

In the Northwest and Southwest, dividends for the *ng Friday, Dec. 29; also the aggregates for June to December,
Missouri Pacific and the Atchison and the St. Louis inclusive, in 1893 and 1892.
STOCK. EXCHANGE CLEARING H0U8E TRAN8ACTION8.
& San Francisco of course belong to a remote past, hut I
/— Shares, both sides.—* .------- Balances, one side.-------, Sheets
Cleared. Total Value. Shares. Value Shares. Cash.Clear'd,
the Chicago & Alton is paying 8 per cent and the Month—
$
$
$
1892.
5,885
Illinois Central 5 per cent. St. Paul common is get­ Jane, 1992. 18.084.000 1,041,048,200 1.598,750 94.566,700 1,433.971 5.886
July,
9,807.300 699,313.200
1.120.100
74,186.100
974.701
Aug., 1892.
13,998.480 977,583.000
1,657.400 107,386,900 1.30l.n00
6,183'
ting 4 per cent and Itock Island stock the same, Burl­ Rent, 1992. 18.857.H00 1,268.000.000 2.055.800 128.663 500 1.697.506 6,252
Oct., 18:*2.
20.726.300 1.358-733.000
2.325.800 148.822.000 1.761.400
5.883
ington & Quincy and Great Northern each 5 per cent, Nov., 1893. 16,519.200 1.113,800.000 1,831,500 128.v75.000 i,41‘ ,800 5.796
Dec., 18.12.
25,2>1,100 1,758,000,000
2,887,300 192,500,000 2,817,100
6.603
7 m o s.... 121,814,180 8,216,477,400 13,276,650 874,900,^00 10,904,377 42,467
and Northwest common 6 per cent. A decade ago the
^ -Shares, both sides.—% *
-------- Balances one side.-------- * Sheets
rate of distribution was much higher.
Cleared. Total Value. Shares. Value Shares. Cash.Clear*
Hoads in Northwest. 1884. 1885. 1886. 1887. 1888. 1889. 1890. 1801. 1892. 1893.
Chicago & Northw’n.
Do
pref—
Chic. Milw. & S t .P ..
Do
pref—
Chic. Burl. & Quincy
Chic. Rock Isl. & Pac.
Chic. St.P.M.&O. prf.
Bt. P. M. & Manitoba
Great Northern pref.

7
8
7
7
8
7
7

IX

6H
7H
4
7
8
7
+4M
6

6
7
5
7
8
7
6
6

6
7
5
7
8
7
6
6

6
7
2k
6
5
6*6
6
6

6
7

6
7

6
7

4**
4
4
8
6

7
5
4
4
6
1

7
4M
8
4
6
4*

6
7
2
7
5
4

ex
6
5

6
7
4
7
5
4
7
6
5

t Amount for year diminished by change of dividend periods from
quarterly to semi-annual.
Southwestern Boads.

1884. 1885. 1886. 1887. 1888. 1889. 1890. 1891. 1892. 1893.

Chicago & A lto n ------ + 10
Do
pref— +10
10
Illinois Central..........
7
6
Do

Istprf.

7

8
8
8
7
6
7

8
8

TX
7
6
7

8
8
7
7
6*4
2*6
7 "

8
8
7

8
8
5k

8
8
6

7

3
7

8
8
5
3

8
8
5

8
3
5

2

t In cre a se due to ch ange o f dividend periods.

The trunk lines aLo make a pretty good showing,
especially now that the Baltimore & Ohio is again in
the ranks.
Trunk Lines.
N . Y . Central..............
Pennsylvania.............

Michigan Cent..........

1884. 1885. 1886. 1837. 1888. 1889. 1890. 1891. 1892. 1893.

IX
7
10

sx
5
10

4
5
8

4

4

4

4k

5*6

5

5

5k

4
4
2k

4

5

m

an

4
4
2*6

3
2

N.Y.C .& St. L .ls t pf.

* Two per cent of this in stock.

4k
6
20+
5
2*6
3k

5H
8
6
3U
5k
3
3

5*6
3
3

t Paid in stock.

Anthracite Coal R'ds. 1884. 1885. 1886. 1887. 1888. 1889. 1390. 1891. 1892. 1893.
4k
8
7
8
6

6
6
5k

7
5
4
4*t

7
5
4*6
4

7
6
5
4K

3
7
7
5
5

6
7
7
5
5

6k
7
7
5
5

7
7
7

SH
5*6

7
7
7
4
6

New Eugiand roads, however, still make the very best
exhibit of any, and this notwithstanding the changes in
the rela'ions of some of the roads which have been going
on in that section. „
New England Roads. 1884. 1885. 1886. 1887. 1888. 1889. 1890. 1891. 1892. 1893.
Boston
Boston
Boston
Boston

& Albany.......
& Lowell.......
& Maine.........
& Providence

Maine Central . ..
N. Y . N .H . & Hartf..
N . Y. Prov. & B os...
Old Colony....... ...........
Rutland, pref..............

8
5k
8
8
5*6
6
10
8
7
1

8

+8

8

6

6

8
8
5

9*6
8k

6k
10
10

6

6
10
8k
7

10
8
7
1

tk

8
7
9
|1
|0
52

8
7
9
10

6

6

6

10
10
7
1*«

10
10
7
1

10
10
7
1*6

8
7

m
10

6
10
10
7
2

8
7
9
10

8
7
8
10
§4

6

17%
6
10
10
(a)
7 5 5-65
4
4

10
10
79-90
8

Dec.
“
“
“

1 8 .. 960,800
1 9 .. 1.026.600
20 .1,004,300
21..1,107,000
22..1,272,500

85,500,000
53,100,000
56.700,000
50,900.000
61,100,000

70,500 3,“ 00,000
92,700 4.200,000
77,100 4,100,000
89,500 3.500,000
106,200 5,000,000

111,700
142.000
130,400
119,100
211,200

310
306
309
319
335

Totwk..5,371,200 307,200,000
436,000 20,600,000 714.400 1,579
Wklastyr7,492,100 521,100,000 724,500 50,600,000 739,900 1,616
Dec. 25.............................................. HOLIDAY..................................................
2 6 .. 1.400.100 66.700,000 115,400 4,800,000 173.500 328
“ 27. _ l,c 5 1,100 49,200,000
90,100 3,30i’,000 142,9"0
321
- 28.-1,3^3,400 56.500,000
95,300 3,700,000 13“ ,200
322
“ 29 1,079,900 52,900,000
87,100 3,400,000 115,400
315
Tot. w k ..4,877.500 228,300,000
Wk1astyr3,137,200 194,500,000

387,900 15,200.000 569.900 1,286
337,300 22,400,000 286.100 1,170

The stocks cleared now are American Cotton Oil common,
American Sugar common, Atchison, Chicago Burlington &
Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com ­
mon, Chicago & Northwestern, common, Chicago Bock Island
& Pacific, Delaware Lackawanna & Western, Distilling &
Cattle Feeding, General Electric, Lake Shore & Michigan
Southern, Louisville & Nashville, Manhattan, Missouri
Pacific, New York Central, New York & New England, New
York Lake Erie & Western, Northern Pacific preferred,
National Lead common, Philadelphia & Reading, Union Pa­
cific and Western Union.

5
*7
6

Among the anthracite coal roads the Central of New
Jersey, the Lackawanna and the Delaware & Hudson
are all paying 7 per cent per annum, and the Lehigh
Coal & Navigation, as already remarked, has now ad­
vanced to a 6 per cent basis.

Cent, o f New Jersey
Delaware Lack. & W
Delaware & Hudson.
Lehigh Valley............
Lehivh Coal & Nav.

June. 1893.
17,190,700 1.016.900,000
1,682,000
9o.200.00i 1,783,800 6,395
Julv, 1893.
19.685,700 1.100.000.O00
1,79«,300
83.100,000 2.752,500 6.015
Aug., 1893.
17.569.400 961,300.000
1.470,200 73,900,000
2.329.200 6,882
Sept., 1893.
16,020.300 936,400.000
1,380,600 72.100.000
1.983.600
5.956
Oct., 1893. 19,604,700 1,172,400,000 1,783,500
96,500.000 2,043.600
6,681
Nov., 1803.
19 894.100 1,332.839,400
1.018.100 99,5.-8 000 2.246.100
6,304
Dec.. 1893.
18.739,900 1.034,100,000
1,551.000 74.60 \«00
2.031,600
6,201
7 mos. .. 128,704,800 7,353.y39,400 11,311,700 594,958,000 15,181,400 14,438
$
$
$

8
7
8
10

t At.d >13 ia ttt..cK.
t Old s'octt «*xch-inged into new preferred, with 33’o per c°nt stock
?ao!2eil<*: H < z per oent
U*
ou this preferred stoci in November,
1887, alter 3 per cent on old common in January, 1887, and 2 per cent
lnJ*iay* 1 ’ ®7,
§ This *8 on new preferred stock.
. T lurreas*-due to ch mie of dividend period.
l
| Also 32*3 percent extra out of amount received from the Old Colony
|
under the provision* of lease.
( (0 Kxo'itint'ed for N ew York N ew H a v e n < H artford stock.
fe

(b) Change fioin 7 per ceut due to change of dividend period.

S t o c k E x c h a n g e O l k a h i n g - H o u s e T r a n s a c t i o n s . — The
subj lined statement includes the transactions of the Stock
Exchange Cleating-House from Dec. 18 down to and includ-

LFrom our own correspondent. ]
L o n d o n , Saturday, December 16, 1893.
All through the week money has been in very strong de­
mand. At the Stock Exchange settlement bankers charged
from 3% to 3% per cent, the latter being the more u3ual rate.
Short money, apart from the Stock Exchange, has ranged
from about 3 to 3% per cent. Very little has been borrowed
at the Bank of England, but a very large business has been
done in the way of discounts. It is thought pn bable that
the scarcity will continue for the remainder of the year, but
as soon as the new year begins the general expectation is that
money will become both abundant and cheap, and will cont nue so for several months. The scarcity at present is partly
the result of the resumption of trade activity now that the
dislocation caused by the long coal strike is coming to an end.
From various parts of England and Scotland the trade reports
are decidedly more favorable, and it looks as if improvement
were setting in, though it is not likely to be rapid for some
time to come.
At the end of last week a bill was introduced in Parliament
to authorize the Indian Government to borrow 10 millions
sterling in this country. As has frequently been stated in
this corresnondence, the India Council will have to pay in
London during the current financial year, which will end
with Match next, about 18% millions sterling, and the sales
of its bills and telegraphic transfers have brought in up to the
present not quite 6% millions sterling. It has borrowed on
debentures and on 6 months bills about 4% millions sterling,
so that its total receipts of all kinds up to the preient amount,
in round figures to 11% millions sterling, leaving abrut 7%
millions sterling still to be raised. If the Council can sell freely
during the next three and a-half months, it may not need to
boirow very much : if it does not sell freely, it is possible that
it may have to borrow 5 or even 6 millions steiling. The
expectation is very general in the city that the Indian Gov­
ernment will impose a heavy duty upon sdver. The demand
of India for silver is enormous, whether it be due to mere
speculation or to some other cause. It now turns out that
much of the silver which had been shipped apparently for
China and Japan really has gone to India ; and this week the
Indian demand is exceedingly strong, the price being maintained at 32d. per ounce. The Indian Government has all
1 along been in favor of imposing a d u ty ; the Home Govern-

TEE

D ecember 30, 1893.1

CHRONICLE

1111

meat has hesitated; but as circumstances stand now, the
The following return shows the position of the Bank o f
general opinion is that a duty will be imposed very soon.
England, the Bank rate of discount, the price of consols, & c,,
The trade condition of India is far from satisfactory. The compared with the last three years:
1893.
1892,
1891,
1890.
imports from Europe, especially of Lancashire cotton goods,
Dec. 13.
Dec. 14.
Dec. 16.
Dec, 17,
have been exceptionally large. To a very large extent of
«£
£
£
•course this is a result of the high exchange maintained by the Circulation. . . . . . . . . ...................... 25,110,570 25,445,770 25,101,275 24,081,970
Public d e p o sits...,.............
8,902,548
3,734,608
5,476,858
4,863,708
closing of the mints, but to some extent it is a consequence of Other deposits................ .
28,385,08 i 23,880,002 30,046,644 88,199,043
the very small imports of such goods for a couple of years Government securities .............. 9,087,512 11,250,058 10,161,903 10,141,433
23,882,854 23,413,936 27,524.534 28,002,776
previously. Apparently the stocks in India had run very low, Other securities......... ........ .
Reserve...... ................................ . 17,191,367 15,702,374 15,703,859 16,763,070
and some increased import was therefore probable under any Gold and bullion...... .
26,851,937 24,758,144 24,415,134 24,375,040
53
48 1-15
44
44 7-16
circumstances. Tbe high exchange has, however, stimulated Prop, assets to liabilities- per ct.
3
3
5
356
the imports. On tbe other hand, the exports are exception­ Bank rate....................p e r cent.
Consols
per ce n t.. . . . . . . . . . . . .
97 15-10
97 3-16
95 5-10
95 5-16
ally small. In part this is doubtless due to the closing of the Clearing House returns.... . . . . . . 103,722.000 105,624,000 142,553,000 168,870,000
mints, hut in part, also, it is a consequence of the small crops
Messrs, Pixley & Abell w r it e as f o llo w s u n d e r d a te o f
of jute and indigo and of very low prices in Europe. Further, December 14:
it is to be observed that the BmmaU houses engaged in tbe
Gold—Inquiries for gold have somewhat slackened, hut still all
placed for the Continent
rice trade usually begin financing tbe exports long before this arrivals are easilyonly movemeut at the Bankat a good premium oyer
Bank prices. The
is au arrival o£ £31,000.
time. This year they have not done so, and that is helping to Arrivals from South Africa, £74,000.
Silver—Silver temporarily improved for the mail last week, hut
defeat tbe Council’s plans.
directly after fell back, aud has since remained without change at 324.
The stock markets are very quiet, as is natural with the Arrivals from Sew York, £179,000.
Mexican Dollars—There has been a demand for these ooin, and the
Christmas holidays close at hand and with money both scarce price is now
Arrivals from New York, about £3,000. Ship­
ments to Singapore, £5,800,
and dear. But there is undoubtedly a better feeling than has
The q uotations for bullion are reported as follow s:
prevailed for a considerable time past. The trust crisis is
GOLD.
SILVER.
nearly at an end. An immense number of the trusts, one
London Standard. Dec. 34. Dec. 7.
London Standard. Dec. 14. Dec. 7.
after another, have admitted that they are in difficulties. Some
s. d.
s. d.
d.
a.
have proposed reconstruction, some amalgamation, some a Bar gold, fine— oz. 77 113* 77 11H Bar silver, flne...o*. 32
32%
78 0
Bax gold, parting.oz
78 OH Bar silver, containsimple writing off of losses. But there is a reasonable
doubloons, oz.
ing 5 grs. gold..oz.
prospect now of an early termination of the crisis. Further, Span,gold c o ln ...o z. 73 954 73 954 Cake s ilv e r .......o z . 32M
76
78 C«
34 7-16 34 11-16
C 8.
J.
the feeling in trade circles in the great manufacturing
to a «
78 BM Mexican dollars..oz. 32%
German gold coia.oz
3254
trie’s is undoubtedly greatly improved. There is a at
The following shows the imports of cereal produce into the
hope that we are about to see a turn for the better ; indeed,
already the railway traffic returns are beginning to show in­ United Kingdom during the first fifteen weeks of the season
creases. There is a hope, too, that very soon the accumula­ compared with previous seasons:
tion of unemployed money in New York will lead to better
IMPORTS.
business there ; and the Argentine Congress has at last begun
1893.
1892.
ig 9 "»6
1890.
to debate the bill for sanctioning the settlement of the ImportsJfwheat.owt. 19,235,'lOB 20.739,957 25,603,057 19,514,io3
Barley.......................... 10,714,952
6,933,275 9,274,785
8,367,644
debt agreed upon between the Government and the Roths­ Oata............................... 4,287,139 4,615,448 4,36t,635 3,917,684
Peas..............................
823,006
779,080 1,001,522
475,610
child Committee. If it is sanctioned, there is expected to be Beans....... ................. 1.483,751
1,409,500 1,240,266
768,663
Indian corn................. 8.058,366
9,369,840 5,403,2.-8
8,304.494
much better business in the Argentine department. On the Flour............................ 6,292,646 6,429,899 4,662,045 4,226,211
other hand, the state of tbe Indian finances is rather disquiet­
Supplies available for consumption (exclusive o f stocks on
ing, while the news from Brazil is very bad. The Powers have
September 1):
withdrawn their protection from foreign ship owners, and
1893.
1892.
1891.
1890.
W heat................OWE 19.233.166 20.739,957 25,603,057 19,514.103
there is an utter paralysis of all trades in Brazil.
4,66 4,045
4,226,211
Imports of Hour......... 6,292,616
6,429,899
Upon the Continent it seems certain now that M, Tricoupis ialea of home-grown. 7,673,655 8,197,743 10,178,059 12,518,536
will accept the oiler of the French syndicate, will withdraw
Total....... ............. 33,201,467 35,367,599 40,748,161 36,283,850
the securities pledged to the Monopoly Loan and transfer Aver, price wheat week.26s. 91.
378.104.
32s. 2 d .
26s. 104.
37s. Id. 32a. I d .
them to the French syndicate, which will in return make him Average price, season..27a. OdU 28a. 34.
an advance. That will of course inflict loss both upon British
The following shows the quantities of wheat, flour and
and German bondholders, and will greatly damage Greece in maize afloat to the United Kingdom:
This week.
hast week.
1892,
1891,
this market. Nothing is yet settled between the Paris bank­
2,628,000
2,273,000 2,042,000
Wheat....... ........ are. 2,681,000
ers aDd the Spanish Government, but it is believed that a loan Flour, equal to are. 330,000
275,000
535,000
366,000
492,000
322,000
262.000
o f a considerable amount will be made, the Government MaliB......................qrs. 463,000
undertaking to do certain thiDgs for the Spanish railway com­
g a z l K b S l a . a o l i l B » r k « t » - e e r C a b le .
pany s, in which French investors are largely interested. In
The daily closing quotations for securities, Sto., at London
Italy there are hopes that a Crispi ministry will gradually are reporiei by cable as follows for the week ending Dec. 29:
bring about a better state of things.
Wed. Thun,
Sri.
If on.
hues.
Sat.
London.
T heratesfor money have been as follow s:
Intereat allowed
fordepoaita by

Opm Harkit Bates.
Trade BUI*.

Bank BUU.

Dtsc’ t IFa
t
Joint
At 7 to 14
three 1 Fom
Six
Stock
Three Four { Six
Month* Month^ Month* Monthe\Month Month* Banks. Gall. Daps.
1
154
154
*o r. 10 3 2m - 2m -■ * « • - C%»3 ;s*®3 3544354
1
1
J % - 354® 3
154
- 2%® - W * “ If 8
3543354
154 1M
W4
“ «i a ■zm - 2* » - m m m '
154 m
154
tH « - 2543 - » « » - ,* « * 3 !««3S 3 «S54
154 w
2« # - 2 * « — 2543 - 2?<33 8 a - S50»54 154
154
154 1 M
- 2*4® - '2*1*3 2*433 3 &3U

London

D il
r-

The Bank rate o f discount and open market rates at th®
#hief Continental cities now and for the previous three week8
have been as follow s:
Mam of
interest at
P aris------ . . . . .

Berlin.............

254
5

8
6
6

m
*54
*54
m
3
*«
m
*54

5
*

4

6

Frankfort. . . . .

5

A m sterdam ,..

Vienna............
8t* Petersburg

Madrid..,.....
C openhagen...

Nov. 24.

Dec. 1.

Bank Open Bank Open Bank Open
Rale. Marhe? Bate. Marktt Bate. Marke

H sm b tim . ...

Brussels ....

Dec. 8.

Ike. 15.

6

354
5
5
S
4
5

6
a
h
4

254
*54
m
*54
m
m
tX
654
5
4

254

6

f
t
6
4

8
6
6
6
4

2M

Bank Open
Bate. Market
254

454
*54
*54
354
m
*54
554

6
6
6

6

6

4

4

4

8
6
U

254
454
m
*54
354
354
*54
5
4

Stiver,per oz.................« 82%
0oasoi8,new,2 % perots.
do for account........ __ T__
Ft eh - e itea (In Parislfr. 98'40
J
0. S. 4s of 1907..............
;
Canadian Pacific............
*
Ohio. MU. & Bt, P au l....
CiinolB C e n tr a l.......--.
Lake Shore..................
Lo lisvtlle& Nashville..
Mexican Central 4s.......
&
■ , Y. Central & Hudson.
V
1
N. V. Lake Erie & West’n
do
2d oo na...........
0
Norfolk* Wes tern.pref
N irthern Pacific pref. - P -mnaylvattla..................
Phlla<leiphia& Reading.
Union Paoiflo..............
SVabash pref.................

'd
5

fr
c
i

C
5
?
to

32%
93
98%
98 32%
__. . . . .
74
59
93
125%
47%
53%
101 %
14%
77
2078
19 '8
48%
9
19
13%

31%
31%
983j6 98516
9 8 ’ 1« 98%
98-12% 98-20
........
73%
73*8
60
68 %
92%
92 H
125% x !2 3 %
42*4
45
53^a
53%
101 % 101*8
14%
14%
76%
76%
10 %
2078
19
19%
49^4
49%
9
9
18 7
e
18%
13%
13%

(gammercial amfl WCisc&llnnzous gSjtewg
Nation' 41, B anks.—The following information regarding
national banks is from tbe Treasury Department:
R E C E N T L Y O R G A N IZE D .

4,932—The Big Timber National Sauk. B ig Timber, Mont. Capital,
$50,000. — • --------, P resident; J. A. ilaU, Cashier.
—
INSO LVEN T,

3,101—The Citizens’ National Bank o f Grand Island, Nebraska, Is In­
solvent, and was on Dae. 14 p la c e d iu the Uands o f Edgar M.
Weatervelt, reoeiver.
8,719 —
The Oregon National Bank o f Portlaud, Oreeron, is Insolvent,
and was on Dec. 12 placed in the hands o f Lionel Staxge, re­
ceiver

T H E CHRONICLE.

1112

|VOL. LY1I.

—Messrs. Lee, Higginson & Co. and N. W . Harris & Co. .
Boston, offer $2,000,000 of the Chicago Sanitary Districts per
cent bonds. The Sanitary District of Chicago is a municipal
CH A N G E O F T IT L E .
corporation regularly organized under an act of the Legisla­
4,607—The Commercial National Bank of nuntlngton. West, Virginia, ture of Illinois, and includes a territory with a population of
tit.e changed to the “ Huntington National Bank.”
approximately 1,400,000. See particulars in advertisement
C O R P O R A T E E X IS T E N C E E X T E N D E D .
in State and City Department o f this issue of the C h r o n ic l e .
2132—The Kellogg National Bank of Green Bay, Wis., until Deoembe r
—The Hartshorne-Reading Committee of New York, in an
23, 1913.
advertisement published in another column, directs the atten­
IN L IQ U ID A T IO N .
5 5 o_x h e Ttamlolph National Bank of Randolph, Mass., has gone into tion of the stockholders to the issues involved in the Dext an­
voluntary liquidation, by resolution of its stockholders, dated nual election, to be held in Philadelphia on Jan. 8th, 1884.
November 27,1893.
—The Canadian Pacific Railway has declared the usual
I m po rts a n d E x p o r t s f o r t h e W e e k .— The following are semi-aunual dividend at the rate of 5 per cent per annum, pay­
the imports at New York for the week ending for dry goods able Feb. 17.
Dec. 21 and for the week ending for general merchandise Dec.
—Messrs. Winslow, Lanier & Co. will pay dividends on a
22; also totals since the beginning of the first week in January. number of securities, a list of which will be found in another
F O R E IG N IM P O R T S A T N E W Y O R K .
column.
1892.
—Messrs. Blake Bros. & Co., Boston and New York, offer
1893.
1890.
1891.
For Week.
at 111 and interest District of Columbia 3‘65s, due 1924.
N A TIO N A L B V N K S A U T H O R IZ E D TO R E SU M E .

2.813—The Montana National Bank of Helena. Montana.
4,005—The Citizens’ National Bank of Spokane, Washington.

Dry Goods.......
Gen 1 mer’dise.

$2.082.043
4,118,899

$2,149,776
6,048,840

$3,101.340
9,190,252

$1,158,514
7,301,051

$6,201,242
$8,198,616 $12,291,592
$8,459,565
Total..........
Since Jan. 1 .
Dry Goods....... $144,644,102 $113,936,570 $125,435,037 $117,180,586
Gen’l iner’dise. 385,946,821 395,612,288 440,993,560 412,455,577
Total 31 weeks. $530,590,923 $509,548,858 $566,428,597 $529,636,163

The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending December 23 and from January 1 to date:
EXPORTS FROM N E W Y O R K F O R TH E W E E K .

1890.
For the week..
Prev. reported.

1891.

1892.

1893.

$6,013,946
342,255,097

$8,645,422
373,021,903

$7,235,354
376,630,469

$6,524,160
364,066,576

Total 51 weeks. $348,269,043 $381,670,325 $383,865,823 $370,590,736

The following table shows the exports and imports of specie
at the port of New York for the week ending Dec. 23 and since
January 1, 1893, aud for the corresponding periods in 1892
and 1891:
E X P O R T S A N D IM P O R T S OF SP E C IE A T N E W Y O R K .

Exports.
Gold.

Week.

Since Jan. 1.

Imports.
Week.

Since Jan. 1.

Great Britain............
F rance......................
Germany....................
West Indies...............
Mexico........................
South America..........
All other countries..

$ ............ $16,700,707
17,990,102
1,400 27.660,000
8,239,952
72,500
19,468
1,189,670
1,600
1,013,420

* 1,000 $30,238,642
96,500
8.877,678
13,386,791
24.816
7,578,747
1,510
63.061
49,737
1,813,183
5,500
152,275

Total 1893..........
Total 1892..........
Total 1891...........

$75,500 $72,813,319
4,457,125 70,609,474
5,000 76,006 386

$179,863 $62,110,377
38,066
8,488.033
912,109 32,041,779

Silver.

Exports.
Week.

Since Jan. 1.

Imports.
Week.

Since Jan. 1.

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

West Indies...............
Mexico........................
South America..........
All other countries..

$1,083,205 $31,610,741
132,198
193,000
517,147
660
110,003
43,619

5,100
7,925
11,785
3,155

*2,937
788,010
596
54.703
997,488
1,195,135
140,499

Total 1893..........
Total 1892..........
Total 1891..........

$1,083,205 $32,637,398
415,970 22,577,628
523,375 20 264,664

$27,965
71,309
84,855

$3,179,398
3,050.944
2,776,476

Great Britain............

Of the above ireports for the week in 1893, $53,206 were
American gold coin and §556 American silver coin. Of the
exports during the same time .$?4,1U0 were American gold
coin.
_

City Railroad Securities—Brokers’ Quotations.
Bid.
A tla m ic A ve., B rooklyn..
Gen. M. 5-, 1909... a &O
Bleefe. St, & Fill. F . - S k .
1st m »rt., 7s, 1900. J a J
B’ way & 7th A r e .—Stock.
1st mort., 5s, 1904.J& D
2d m o r t , 5s, 1 9 ,4 ..J&J
B ’ way 1st, 5s, guar 1924
2d 5s, int as f t n i ’1.1905
B rooklyn City— New > k.
-1
B ’k yn Cro*st’ n 5s. 1903
Brk C. & N. 5s, 1938.J&J
Brooklyn T r a c t io n ..........

A sk.'

:o o '

B
........ D.D . E B. &Sf at’y —S tk..
1st, gold, 5 iu i2 J&D
30 ! S c r ip ....................... . . .
95
Eigh t h A ve un e —S to ck _ 240
_

.

Bid. A sk.

120
100

...

107
185
104
>
104
90
159
105

42d & Gr. St Fer.—Stk.
42d St.& Mau.& s t N .A v .
1st mort. 6s, 191U..M&"
2d m ort income 6s. J&J
11. W . St. & P. F er - S t k .
! 1st mort., 78, 1894. .J&J
iLong Island T ra ction ......
Metropolitan T ra ctio n ....

10

102

13
135
t m o r t , 6s, 1922.M& N 115
Cen. Pk. N.& E .R iv .-S tk U t
Consol. 7s, 1 90 2 ....J & D
Christ’p’ r & 1Otli St.—Stk.
1st mort., 1 8 9 8 ------A&O 105

162
104
1L

1

97
’ 95~‘

300
130
......

200
104
19
106
131

120

120

110

125

B7
11‘
2
69

19^
107
135
125

Second A venue—S to c k ...
1st mort., 5s, i909.M«feJS
Sixth A venue—St c k ....... 190
135
Third A venu e.................... 165 170
115
I l* t mort., 5s, 1937 J& J
"
........ ITweuty-Third St.—S tock. •IPO

150

102
200

N. Y. and Brooklyn Gas Securities—Brokers’ Quotations.
'

GAS C O M P A N IE S .

Bid.

Ask.

B rooklyn Gas-Light.........

110

115

uo
CO
Jersey C ity & H o oken.. 180
105
M utual .N . Y . ) .................. 145 150
140
S -rip ........
'82*' 85
People’ s (B rooklyn!. ...

100

GAS C O M P A N IE S

Bid.

M etropolitan (B rooktyn). 145
135

A sk.
150

100

105

100

188

Fulton M unicipal............. 130
105
Equitable............................ 1X5
Standard p re f...................
Common.......................... .

75

80
32

United States Sub-Treasury.—The following table shows
receipts and payments at the Sub-Treasury.
Date.

Receipts.

Balances.
Payments.

Dec. 23
“ 25
“ 26
“ 27
4 28
1
“ 29

$
3.075,663

$
3,511,757

2,558,234
3,253,521
2,761,6 47
3,5§8,449

3,123,651
3,002,540
2,600,965
3,014,262

Total

15,237,512

Coin.
$
61,71.0.819
.HOLIDAY.
61,332,861
61,198,057
61,021,585
61,493,756

15,253,175

Coin Cert's. Currency
$
677,165

$
28,586,710

576,027
682,413
794 399
677,499

28.506,450
28,785.790
29.010,958
29,229,874

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

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

Auction Sales—Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction.
By Messrs. R. Y. Harnett & Co.:
Shares.
50 Cora Exchange Bank

266

Bonds.
SI ,000 Indiana Natural & Il­
ium. Gas Co. 6s, 1908,M&N. 74

By Messrs. Adrian H. Muller & Son :
Shares.
50 Beekton Coustr’otion Co.
(Lim.), pref..................... 79*s<
of N. Y ............................. *50
Bonds.
11 Holland Trust Co .......... 110*2 *30.000 Huachuea Water Co.
225 Rhila. Co.,$50 each,
(Ariz.), 1st 7s, lu02. Sept.,
3>21-$2iaa,no per share
1888, coupons on........... *300 lot
1 Mem. N. Y. 80. Library.. *10 $20,000 N. Y. & Mass. By.
50 U. S. Mortgage Co.......... 175
Co. 1st 5 s ........................... * 1 0 1 W t
$3,000 Richmond R.v. & Elec.
15 East Side Bank of N. Y..IOO
Co. 1st 5s, 1920, J&J......... 85
50 Ninth Nat. Bank..............114
$1,600 Township of New
400 N .Y .& Cuba Mail SS. Co.. 50
Providence, Union Co., N.
J., 7s, due 1877 to 1 879...155
Shares.
23 Nat. Broadway Bank___230
1 H o lla n d B u ild in g A ssn .

—The Central Trust Company of New York and the New
York Guaranty & indemnity Company offer for subscription
at 98)2 and accrued interest from December 1, $7,650,000
of the first .consolidated 5 per cent fifty-year gold bonds of
the Broadway & Seventh Avenue RR. Co. The total amount
of these bonds is $12,500,000, of which $4,850,000 are to be
held by theitrustea for tlie purpose of acquiring all underly­
ing lionds. The mortgage is a first] lien upon the entire
Broadway Cable and upon all the real estate, power-house
property arid equipment of the company, subject only to un­
manned underlying liens and teal estate mortgages, to ex­
tinguish which §1,125,000 in cash it deposited with the
S am uel
D a v is & C o .,
trustee of the mortgage. The subscription list will close
BANKERS AND DEALERS IN INVESTMENT SECURITIES,
January 4. Accompanying the offering is a letter from Pres­
ident Vreeland, stating that the net earnings applicable to the
NO . 4 4 W 4 L h S T ., NJSW Y O R K .
.interest on these bonds is two and a-hal£ times the annual
Samuel D. D avis ,
Chau. B. V an N o s t r a n d ,
charges.
Member N. Y. StoofrE-rohangQ._________________________________
— Holders of large amounts of Colorado Midland first mort­
gage bonds, the consolidated mortgage 4 per cent bonds and
TH E M E R C A N T ILE N A TIO N A L BANK.
Aspen Short Line bonds have appointed Messrs. J. R. Busk,
OF T H E C IT Y OF N E W Y O R K .
W . D. Sloane and F. F. Thompson a provisional committee
No* 1 91 Broadw ay.
for the purpose of conferring with the bondholders and tak­
$ 1 ,0 0 0 ,0 0 0 I S u r p l u * F u n d , - $ 1 ,0 0 0 ,0 0 ©
ing measures for the protection of their interests. Holders C a p it a l.
of such bonds are invited to send their names and addresses, W IL L IA M p . ST. JOH N, President, |FR E D E R IC K B. 8CHBN CK, C a »h l«,
JAMES V. LOTT, Assistant Cashier.
with the amount of their holdings, to the Central Trust Com­
pany, trustee of first and consolidated mortgages,
A C C O U N TS S O L IC IT E D .

^aiiiuug aiitt i? tu.autiau

D.

December 30, 1883,}

.t h e

THE

b a n k e r s '

CHRONICLE
1893.
Dee, 23,

C a ssette.

n ? T f BI?NBS.
Name o f Company.
R a ifr o ju lH ,
Canadian Pae fle, c m ....... .......
Ceneorci& M
oot mil -

Ptr ; W len i
/

1Payable

Cent

j Feb.

i'lnm 1 , B C. * M ..j»ref fci'iar 1 1H
1 h ; Fell.
QlttmI f ,E t\& M. new ( q u r )
Class I IT., B.G & >t ,oul .qriif
1% i
C lass'IV . . «Ymeord *qu?ir. *..
18 j
Cumber laud Valley <q«t r .).......
j 7an.
Del- Laeir. .V West, to a sir.)..........
j hi a.
D etroit, Hinitiate & southw est ! Ian.
Northeastern of &. O . . . . . . . . . . .
3
: f m.
Portland *fe Unche t > r ......... .
Xao.
3
P itts. Ft.Wayne < ClMo reg tqtt '
fe
m i> Lin.
Do
do do *i»*ci*l q i.il 1*4
Savannah Florida & W estern ....; ti
Ian.
Shore Line.
., ___. . . ___
3*4 ; Ian.
B an k s.
i 6
iBOirery . ........., . .........
! fan.
Chase N a t i o n a l ,. . . . . . . . . . . . . . . . j 5
j i mi.
GftWiBCttlai Niitf »n al...........
! 3
Him.
E a * f HI■o r Na tion a l. . . . . . . . . . . . . . j 4
r
iJan.
Eleventh W ard....... ..............
4 Man.
F ifth A yeoae (q ia rd .. . . . __ _ . j 20 >
Do
do
fe x ira i... . . . . ___ ,,.j b >1Jan.
F irst National (t| ,ar.?,. ... . . ... . £">
fan.
Irv in g National
_____. . . . .
4
Mao.
M eebaoieV * Traders*.___
3
i 1au.
Merchants* National. ............ .
Jail*
m
'National 8atellers’ & Drovers*..
4
lan.
New York County National.
4
[pad.
........
I 3
. lan.
3
Jan.
O rien taL . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
Man.j
Seventh National . . . ___ _____
Mao.
3
TradestoetP* N ational..................
2
Man.
I**ir e IttM U r«n ee,
H am ilton.. . . . . . . . . . . . ____
Jao.
3
Hew York Bow ery
3
Man.
Ji 1* e e ila *i e o u m
.
Chic. June.Ry’s <k U. Stk,'Yds.,pf.
Man.
Do
do
do
com
3
i
E quitable Gas L. o f H, Y. (quar.)| 3
Jan.
Fulton M u». Qm» 8 ’ MyB, <aaap.)i 2
Man.
Metropolitan fraction o f N, Y ...
; fan.
1M
M nioat Gas at N
. . . . ......{ 3 )
**
“
* (extra?- . . . . : i s •Jan.
‘
Nstatan Gas. Brooklyn, (qua? )..
Ian.
Ohio Fails f a r Mfsf.. pref. (cjtiar >
J»u*
Rhode C.Petl Horse shoe p i. (qti. t
1%> Ian.
Do
do
do eorn. iqu.) j 2*- (

I

Differin’sfrom
Preo. week.

j

17 Tan. 21 to
to

snrptus reserve.,) 77,937,773 In c.l,7 6 a ,9 5 o !
1 i------2: Jan. 6
h |— --——
-1 — —
1. ;Jan. 2
2‘ ,
—
11
—
-i [ Dec. 27

to
T
O
to
to
to
to
to Jan.

2 Dec. 23 to
2 1Dee. 29 to
B|Dec. 31 to
• : — — to
J
£ Dae. 23 to
2 Dee. 23 to
2 ------- — to
2 Dec. 2 2 to
— to
- Dee. 22 to
8 Dec. 24 to
2 7 ---------- to
2 Dec. 23 to
o
— to
2 Dec. 24 to
2 Dec. 29 to
2 --------— lo

1
1
4

Jan.
Jaa.

1
1

Jaa.

1

Jan.
J an.

1
1

7
3
31
0
31
24
27
31

to
to
to
to
to
to
to
to

2
1

2

Jaa. 24
J a n .16
.»an* 15
J a n .15
Jan. 10
Jan.
Jan,

1891.
Dec. 26.

1
9

1*. HI

The Moner M arket nud Financial Situi!
u — The
gloomy forebodings which were troubling our market
oil Friday last were realized the following day. Late Satur­
day night came the announcement that Atchison had been
placed in the hands of receivers, the effort to raise the funds
necessary to pay the January interest having proved inef­
fectual. Evert up to within a few days previous, the man­
agers nay, they confidently expected to meet their obligations,
but were finally obliged to seek the protection of the Court.
After the receivership of Atchison was known, it seemed to
be assumed as unavoidable that New York & New England
should share a like fate, that company having a large floating
debt and a considerable sum due for interest on January 1st.
The expectation proved true to this extent, that on Thursday
a temporary receiver waa appointed— the application, how­
ever, came not from the management but from dissatified
stockholders. The receivership would seem likely to dispose
of the company's scheme for a line to New York City,
A t first, in consequence of these events, there wa? a dispo­
sition to take a very discouraged view of the situation, and
receiverships were wildly talked of for several companies
which seem little likely at present to be approaching such a
calamity. As usual, however, sober second thought made it
clear that the outlook is much brighter than at first it seemed.
It, as some have long thought, another reorganization is
necessary for Atchison, it is much better that it should be
earned through at once in a thorough manner, while the
market is still down, than that it should be deferred by means
o f makeshifts and finally be precipitated upon, us just when
recovery in other directions has commenced.
Before the end of the new year we may now hope to have
all the great companies which are at present embarrassed on
their feet again. Manufacturers in many lines report that
the markets for their products are bare of goods. Some com­
m e rcia l failures there will doubtless be, but if the tariff mat­
ter can b«j soon fettled a marked increase in business is confi­
dently expected. It is interesting to note that wheat has this
week touched an extremely low price.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from % to 1 % per cent,
the average being i M per cent. To-day rates on call were
1 to 1 >4 per cent. Prime commercial paper is quoted at 3%
to 4 ’ .; per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of .€512,967 and the percentage
of reserve to liabilities was 45-69 against 50'19 last w eek; the
discount rate remains unchanged at 8 per cent. The Bank of
France shows a decrease of 2,650,000 francs in gold and
4,825,000 francs in silver.
The New York City Clearing-House banks in their statement
of Dec. 28 showed an increase'in the reserve held of 32,598,100
ami a surplus over the required reserve of $77,937,775, against
$75,188,825 the previous week,

6.176,57a! 19,480,02 5

Foreign Exchange. -W i t h a cessation of the demand for
January remittances and some increase in the s u p p ly of com­
mercial b ills, the market has been dull and rates have fractinrially declined; otherwise the market has been without
feature. To-day actual rates of exchange were as follow sBankers’ s ix t y days sterling, 4 83% @ 4 83% ; demand, 4 85%:
i/i 4 V
G; cables, 4 8 0 % ® !8 3 % . Posted rates of leading bank­
ers are as follow s;
December 29.

Sixty Days.

Prime I, inkers’ sterling bills on London..
Prime commercial .,,____
Documentary eomruerul ,1..............
Pans bankers (francs)...................
Amsterdam (guilders) bankers..................
Frau i;l or t or Bremen(reionmarks>b'nteers

i
4
4
5

Demand.

84% ®4 85 4 87 '@4 87%:
83 ® 4 83tt
S21S3I4 823*
20% 95 20 5 1S%®5 18%,
40% S40316
495,«a40%
94% J95
9513995 %

United States Bonds.— Quotations are as follows:

Jau. 1

— to
3 Dec. 29 to Jan.
25 Jan.
15 Ian.
15 Dec.
lSijan*
n: Dec.
i Dec.
2 Dec.
I f Dec.

4

Jan.
J an.
Jan.

Jan.
Jan.

1S92.
Dec. 24,

$
U
S
Capital...............
60,422,700
60,422,700 59,372,700
S u rp lu s.............
71,596,300
69,191,600 66,007,900
Loans and disc’ts 410,287,000 Inc. 865,100 438,180.900 429,255,400
Jlreulation.......... 13.256,500 Dec. 199,900
5,632,010! 5,604.700
Set deposits........ 498,847,700 Inc .3.296,000
------Specie ................. 104,520,700 inc. 972,500 44-1,370,100:455,306.300
76,885,300 96,392,500
Legal ten d ers,.., 98,129,000(Inc.1,620,600 40,383,800 36,914,100
Reserve held.......
lDC.2,593,10o!ll7,269,100 133,303,600
Legal reserve.... 124,711,92 d Inc. 824,150.111,092, >25 113,826,575

Po.oks d osed ,
( Days inclusive.)

—

1113,

Interest De-.
Periods 23

Dec.
25.

2a,

-.reg. Q.-Meh. * 95
4s, 1 9 0 7 ... „ ...reg . Q.-Jan, n t s %
Q.-Jan,
6s, our,oy/95..—.reg. J. & J. *102
— reg. j . & j . *104
-..reg. j . & j . *107
...reg . j . * j , *110
...reg . j . & j . *112

Dec.
29.
* 95
113
114
*102
*104
*107
*L10
*112

Dec.
27.

Dee.

Dec.
29.

* 95

* 05 ' 95 "
‘ 112*2 *112*3
*113* 113^:
*102 *102 *102
ri
*L04 *104 *104
*107 *107 *107
0
*110 *110 *110
0
*112 *112 *112
•Thi&ts tli© OFtoe bid at id© morning board: uo *ate was mad©.
P.
*
<

114

State and Railroad Bonds.— Virginia funded debt 2-3s o f
1091 have sold to a total of $38,000 at prices ranging from
56% to 56% '; $8,000 Alabama Class A bonds sold at 98 ;
81,600 do. (small) at 102%’ , $25,000 Tennessee settlement 3s at
74 and $1,000 Alabama Class B at 101.
Railroad bonds, with the exception of Atchison issues, have
been dull, but bond houses report that first-class securities,
which for some months past have been so firmly held in antic­
ipation of higher prices as to make trading difficult, are rather
easier to obtain. As was to be expected, Atchison bonds—the
4s and incomes— were .pressed for sale, very large amounts
changing hands, but in spite of tins so nearly had the receiv­
ership been discounted that neither issue lost more than
about two points. It is noteworthy that the lowest price
reached during the week was for neither bond as low as in
July last. Atlantic & Pacific 43 and Colorado Midland 4s,
however, have dropped heavily in anticipation of receiving
poor terms in the Atchison reorganization. Careful bond
buyers are now looking with interest into the underlying
issues of bankrupt companies, issues that run little or no risk
of being disturbed in reorganization, and yet sell relatively
low. St. Louis & San Francisco, Class A , B and C, first mort­
gage bonds, for instance, is one of the issues selling near par
as against 114% in April.
Railroad and Miscellaneous Stocks.— The stock market
has suffered a severe shock in the two or more receiverships
that have taken place in the week. Rumor mongers and
timid holdershave also contributed to the general weakness
by expressing fears that other properties were to be turned
over to receivers, but, as already said, the reports of this kind
in circulation appear to be without any foundation in fact.
Atchison's downfall had been pretty well discounted by
Friday last, and the stock did not yield greatly, in spite of
heavy sales, but to-day, on rumors of a 10 per cent assess­
ment. it sold as low as 10%, the last sale being at 10%,
W ith New England it was different, that stock having sold on
Friday last as high as 20% and bn Wednesday of this week as
low as 12, closing to-day at 12%.
Bear reports as to the outlook for earnings, on the granger
roads have done their part to lower the stocks of those prop­
erties, Chicago & Northwestern having fallen well below
par again, London has had reason to feel bearish on American
“ rails ” and Louisville & Nashville, one of her specialties, has
been largely dealt in, the" price being very weak on the fear
that the next dividend will be either passed entirely or
paid wholly in scrip.
The price closes at 41% against
47% last Friday. Lake Shore has been relatively firm. The
coal stocks also, though featureless, have been well held.
General Electric was extremely active on Wednesday and the
price dropped from 5 to 6 points. This was owing to receiver­
ship talk and vague rumors, such as have frequently been
denied of late, that the Thomson-Houston Company was to be
separated from the General Electric and to resume business on
its own account. Sugar has been featureless but fairly firm
and Distilling & Cattle Feeding has been as low as 18%, clos­
ing at 22%, with sundry rumors afloat as to its business.
Today there was some improvement in the early part
of the day in the general market, due to the covering of
shorts, but in the afternoon the market waa dull with reac­
tions from tho best prices,
------- *

THE CHRONICLE.

1114

iv o l .

Lvn.

NEW YORK STOCK EXCHANGE—AC1IVE STOCKS for week ending DECEMBER 2 0 , and since JAN. 1, 1893.
HIGHEST AND LOWEST PRICES
Saturday, i Monday,
Deo. 23. 1 Dec. 25.
14
*1
69^3
*71
50
114
16%
*1 SI
75

13

14%
2 1
6912
71%
50%
L14 I
16%
|
75%

*96%
57%
116
99%
134
64%
35%
*110
35i4

9712
58 1
116 1
99%
138 I
65%
35 %
115 !
35%

1%
69%
*70%
50
*112
16%
*131
73%

*%
%
*5
15
*1
5
*48
56
100 100
89
89%
*6%
7%
*22
24
*14
15
61% 62
122 122%
101 101
46% 47%
9
9
5
*1 %
122% 123%
99 % 99%
10
10
30
30
*12% 14
225g 23
21
21%
16
16
*70
78
9 7 % 98%
13
13
65% 65%
*27
30
14% 14%

122 i8 123
101

47% 47%
9 % 9%
5 1
' 1%
122 122 %
*99 100
10%
34
13%
23%
21%
17
78
99

14%

14%

15% 19 %
*185 195 1
5
5 1
1514 15%
*1 4^ 15%
*4212 44 1

434

19

5%
19
50
29

*20
*26
_

H
H
P
►
4

*19%

1

*5

6 1
18
18%
*12
15 1
42 12 42%
2%
12%

17%
* 15% 195
14% 15%
14% 14%
42% 42%

26^2
60
& 79 %
*8112
68
*87
60
' 10

2734

61
80%
83
69
92
61%
12
*2412 26
127 127
21% 24%
36% 37 %
117
17%
40
67% 67%
312 3%

1.63*2 16312
15
40

1330 10%
1
1
67%
68%
70%
70%
4934 x47%
L12% 112
16%
14%
140 *134
75 % 74 %

12
1
6/%
70%
48%
113
15%
76%

96%
56% 5 7 %
58 j
118 *115% 118
98%
99%
97
138 *134 138
62% 63%
63%
32% 34
35
115 *105 110
3430 3530
35%

19% 1934
4 % 434
19%

*19%
4%
4%
18<% 19
*20
27

Friday,
Dec. 29.

58%
56%
117 *116
99
97 %
138
138
64% x 623
4
3434 32%
115 *112
35%
34 %
80
18% 18%
19
18% 18%
66
*60
66
*60
68
128 129%
129% 129% 130
161% 161%
162% 163 163
9
9
*29% 30%
30% 3130
*%
%
3
4
*%
3
4
*%
15
*5
15
*5
15
*5
*1
*1
*1
b
5
5
56
56
*47
53
53
*49
100 100
100 100 *100 105
89% 89%
89% 89% *89
90%
*6
7
6%
7
6%
*6%
22% 22%
24
22% 22% *22
*12
14% 14%
15
14% 14%
*61% 66
63
*61% 63
*61
1 2 1 % 123 % 123% 124% x!19% 120
P9
99
*99% 101% *99 101
4030 42%
39% 43%
43% 46
9%
9 % *8%
8%
8%
9 38
5
b
5
*1 %
*1%
*1%
122 123% 120% 122%
122% 123
96% 96%
99%
99% 99 % 99
9%
*8% 10
9
9
8%
30
25
26
28
*25
28
13% 13%
12% 12% *1 2 % 13%
22 % 24
22% 23% 23
23
2 1 % 2134 20% 21% 20 % 21%
16% *15
16
*15
*15
16
70
70
*67
68
*70
75
x97% 98
98% 98%
98% 98%
13
14% 14% *12% 14
13
*60
66
66
65 *
30
30 *
30
*27
*28
13% 14%
13% 14%
14% 14%
32
*30% 32
*31
12
1 2 % 13
1434 1 2 % 13%
195
*180 195 *
5
5
5%
5
5
5%
1434 15
14% 14%
14% 14%
14
14
13% 14
14% 14%
41
42
41
41% 41% *41

19

*20
*26

50
29

19

4

18%

*20
25
434
5
5%
*4%
5 % *4%
18%
17
17%
17
17%
*12
15
10
*11
14
403* 42
41
41
41
*J2%
2 % {2%
2 % *{2%
50
27

1

4
4
*8
8%
*24
27
*83
90
101 103
19% 20 %
6%
7
*63q 7
*38
45
*70
80
18 34 19%
*4%
6
678 7
t 13*4 13%
13
133
4
4878 49%
*412 6

Thursday,
Dec. 28.

56%
58%
L16
116
97%
99 %
138 *134%
64%
63%
34%
35
116 *113
35%
34 %
80
19
*18% 19
65
*^0
65
12778 128% 127%
160% 161% 162

*%
%
*5
15
*1
5
48
50
*102 103
91*4 91%
*6%
7%
23
23
*143g 15
*61
66

10%
*30
*12^
*22i.2
21
17
*70
97%

Wednesday,
Dec. 27.

13% 1334 12
14
1
1
i%
1
68
69%
68% *68
72% *71% 71»4 70%
50%
49% 50
49
L14
1 1 2 % 1 1 2 % 112
16%
16% 16% 14%
*135
L40 *135
74 % 73 % 75 % 74 %

56%
116
97%
*134
63
34%
*113
35%

18% 18%
*60
66 I
127kj 128%
159 161

101

1 Tuesday,
1 Dec, 26.

19%
4%
19

19%
4
18%

STOCKS.
A c tiv s I I R . S to c k s.
Atchison Topeka & Santa Fe.
Atlantic & Pacific.....................
Baltimore & Ohio.....................
Canadian Pacific......................
Canada Southern.....................
Central of New Jersey............
Chesapeake & 0 ., vot. tr. cert.

Range of sales in 1893.
Lowest.

Highest.

10% Dec. 29 36 k2Jan.
1 Dec. 27
530 Apr.
54% July 27 97% Jan.
66 July 27 90% Jan.
34% July 27 58% Jan.
84 July 26 132% Jan.
12% July 26 25 Apr.
126 Aug. 16 145% Fob.
Chicago Burlington & Quincy 58,923 69% July 26 1O370 Jan.
51 Aug. 21
100 85 Aug. 17 105 Jan.
Chicago Milwaukee & St.TPaul 136,538 46% July 26 83% Jan.
Do
pref.
300 100 July 26 126 Jan.
Chicago & Northwestern....... 23,509 84% July 26 116% Feb.
Do
pref.
39 128 Aug. 18 146 Jan.
Chicago Rock Island & Pacific 32,206 51% July 31 89% Jan.
Chicago St. Paul Minn. & Om.
4,945 24 July 26 58% Feb.
Do
pref.
94 Aug. 23 121 Feb.
6,150 25 July 26 60% Jan.
Cleve. Cincin. Chic. « St. L ...
fe
74 Oct. 16
Columbus Hocking Yal. & Tol
375 11% Aug. 2 32% Jan.
Do
pref.
80 59% Aug. 2 73% Jan.
Delaware & Hudson................
4,353 10234 July 26 139 Jan.
Delaware Lac.kawanna&West
2,704,127 July 27 175 Nov.
200
Do
pref.
625 24 ' July 19
% July 3
5% Feb.
Do
Istpref.
10 ’ June 3 35% Feb.
Do
2d pref.
2 July 7 11% Feb.
Evansville & Terre Haute___
65 48 Dec. 22 152 Jan.
907 100 July 27 142% Feb.
Great Northern, pref..............
613 86 July 18 104 Jan.
Tllinois Central........................
100
Iowa Central.............................
5 July 25 11 Jan.
Do
pref.
435 12 July 27 37 Jan.
272 12% July 27 25% Jan.
Lake Erie < Western..............
fc
303 53 July 31 82 Jan.
Do
pref.
Lake Shore & Mich. Southern
5,678 104 July 31 134% Apr.
Long Island...............................
330 90 July 27 118% Jan.
Louisville A Nashville............ 99,533 39% Dec. 28 7730 Jan.
Louisv. New Alb. & Chicago.
1,000
8% July 27 27 Jan.
2 % Nov. 27 27 % Jan.
Louisville St. Louis & Texas.
4,822 100 July 26 17434 Jan.
Manhattan Elevated, consol..
452 79% Aug. 21 108% Apr.
Michigan Central....................
1,285
Minneapolis & St. L., tr. rects.
6 Aug. 3 ||19% Jan.
1,100 18 July 31 ii 49 Jan.
Do
pref.. tr. rects.
Missouri Kansas < Texas___
fc
35
8 July 19 16 Jan.
2,635 13% July 27 2838 Jan.
Do
pref.
Missouri Pacific........................ 13,370 16% July 26 60 Jan.
200
6% July 26 37 Feb.
Mobile & Ohio...........................
10 55 Aug. 14 90 Apr.
Nashv. Chattanooga&St.Louis
New York Central & Hudson.
6,528 92 July 26 111% Jan.
160
New York Chicago & St. Louis
9% July 18 20% Apr.
20 45 July 26
78,964
425
660
500
3,075
1,023
7,416

4,792
100
New York & New England... 164,618

New York Lake Erie & West’n

New York & Northern, pref..
Ntw Yrork Ontario & Western
New Y ork Susq. & W est., ne w.
Do
pref.

19%
4% Northern Pacific............_____
19
Do
pref

50
*20
50
27
25
25
434
*3%
5%
4%
4%
5%
17
17%
17%
12
*10
11
43
41% *40
{2%
2%
2%

Sales Of
the
Week,
Shares.

Oregon E ’y & Navigation Co.
Peoria Decatur & Evansville.
Philadelphia & Reading.........
Pittsburg Cinn. Cbic. & St. L.
Do
pref.
Rich. & W. P. TermT, tr. rects.

1,140
4,940
1,041
470
800
5,174
7,031
540
100
630
21,425
460
483
710

7% July 26 26% Jan.
15 July 26
12 Dec. 27 52% Jan.
188 Sept. 28
5 Dec. 19 38 Jan.
4
11 July 18 19 3 Jan.
1 8 July 27 ||21% Jan,
1
31 Aug. 18 1173% Jan.
5% July 31
3% Aug. 19 18% Feb.
15% Aug. 16 5030 Feb.
25 Feb.
25 May 16 49 Jan.
25' Dec. 28 84% Jan.
25 Jan.
4 July 26 18% Jan.
12 Jul'7 29 53% Jan.
10 Dec. 28 21% Jan.
40 July 27 62 Jan.
t% Aug. 10 II12 Feb.
10 Ano-. 24 1143 Feb.
10 OcL 5
40 Sept. 6 62% Jan.
7% Jan.
3% July 31
6 July 26 15 Jan.

.........................
1
1
______
*3
4
4
4 St. Louis Southwestern..........
250
*3
4
4 % *3
8%
9
8%
Do
pref.
100
*8
'8
8%
8 »4 *8
*94.
*24
26
*24
*24
26
26
27
*83
86
86
Do
pref.
760 86 Dec. 29 108 Jan.
90
*83
90
88% 90
*101 105 St. Paul Minn. & Manitoba...
165 95 July 27 116% Feb.
103% 103% *102 104
19
20
1 9 % Southern Pacific Co.................
3,060 17k} Sept. 15 35% Jan.
19% 20
20%
19% 20
6%
6%
7
7
7 % *7
7% Texas & Pacific........................ 12,040
4% July 28 11 Jan.
6%
6
6
6% Toledo Ann Arbor & N. Mich.
6 Dec. 27 40% Jan.
6%
6
6%
6
1,325
6%
*38
45
45
*38
22k? Aug. 2ll 50 Jan.
*38
45
45
*38
80 *......... 80
*70 *so
*70
80
Do
pref.
67 Sept. 11 85 Jan.
*70
16% 17% Union Pacific........................... 20,615 15% July 26 42% Jan.
17% 19%
16% 18%
17% 18%
*4%
4%
*4%
4% Dec. 2S 18% Jan.
5
5
5
4%
5 Union Pacific Denver & Gulf.
22C
6%
63i
630
6% Wabash.......................................
6%
6%
5% July 31 1234 Feb.
6%
6%
1,645
12% 13% 13
13%
12% 12 %
9% July 26 26% Feb.
12% 13%
4,975
Do
pref.
13% 13%
12% 13% Wheeling; & Late Erie............
12% 13%
13% 133*
2,26C 10 July 26 23% Jan.
47
48
49%
49% 49 % 49
49
47%
Do
pref.
1,145 31 July 27 67% Jan.
4%
4%
*3 %
5
*3 %
5
*3 %
100
4% Dec. 26 15% Jan.
5 Wisconsin Central Company.
1
M is c e lla n e o u s S to c k s.
27
28
27
27% 27
27%
26% 27 American Cotton Oil Co.........
4,620 24 July 26 51% Mar.
60% 61
60% 60%
61
63
63
61
1,000 50 July 26 84 Feb.
Do
pref.
81% 82%
81% 82% 81
82% American Sugar Refining Co. 50,286 61% July 31 134% Feb.
79% 82%
83% 83%
83?i 83%
84
84
84
84
Do
pref.
573 66% July 31 1.04% Jan.
7234 72% 72%
70
72
71%
70
72 American Tobacco Co............
2,005 43 July 31 121 Jan.
92
*87
93
*88
95
*88
75 July 31 110% Jan.
94 % *88
Do
pref.
60% 62%
60
62%
60% 61%
595s 61% Chicago Gas Co., trust rec’ts .. 67,097 39 July 31 94% Jan.
12
*10
*10
12
12
*10
*10
12 Colorado Coal & Iron Devel..
8% Aug. 29 2534 Feb.
*25
26% ‘*24% 26% *23
*22
17% Aug. 15 72 Feb.
25
25
126 126
125 125
124 124% Consolidated Gas Company..
125 125
1,268 108 July 27 144 Jan.
19% 22%
18% 22
©
22
21% 23%
23% Distilling & Cattle Feeding Co 86,690 12 July 31 GG3 J an.
36% 373s 31% 3 7 % 31% 34%
32% 34% General Electric Co................. 127.758 30 July 29 114% Jan.
*16% 17
20
20
20 National Cordage Co., new ...
U 6%
{19
3,942 [ t7 Aug. 25 11147 Feb.
{19%
{42% 42% ;f 8
48
50
{48
*43
50
325 t22 Aug. 23 118% Jan.
Do
pref.
21% 22%
21% 22%
22% 23%
23
23 National Lead Co....................
5,416 18% July 27 52% Jan.
66% 66%
68%
67
69%
68
68
68
650 48 July 26 96 Jan.
Do
pref.
34,
*3%
2% Aug. 16 117 Mar.
8
3 % 3%
3%
3% North American Co.................
610
* “8 3*8
12
13
*12
15
*11
8 Aug. 28 21% Feb.
*11
15
15 Oregon Improvement Co.......
200
*13
13%
13
14
13
13
14
14 Pacific Mail..............................
800
8% July 27 27% Jan.
*78%
9.000 59loJnn 18
*79%
78% 7S%
*78%
162 i-63% 163 164
163 164
162 ‘ 163% Pullman Palace Car Company
2,581 132 Aug. 1 206 Apr.

15%

14%

41%

39% 39%
82%
81

16
29
24
16
16
21
6
1
21
25
23
23
23
1
20
23
9
3
23
30
19
17

27

3
21
23

4
3
3

12

7
25
25
16
14
18
8
21
21
14
16
13
8
14
16
25
16
21
18
18
25
8
23
5
25
24
17
18
24
20
23
23
10
23
14
6
1
25
23
16
21
25
24
24

3

6
25
28
18
18
18
30
14
16
19
31
17

7

27
16
9

7

17
17
23

3

14
6
19
3

3

21
7
14

20
3

16
10
20
21
20
24
9
3
IS
12

14
14% 14% 14%
14% 14% Tennessee Coal & Iron............
1,925 10% Aug. 10! 3730 Jan 14
Do
jiI l! .
40
40
42% 42% *40
45 United States Rubber Co.......
575 17 Aug. 17 6050 Apr. 18
81% 82%
81% 83%
81% 82% Western Union Telegraph___ 62,554 67% July 26 101 Jan. 20
These are bid and asked: no sale made.
| Old certificates.
|
t First instalment paid.
J Second instalment paid.
15

THE CHRONICLE,

D ecember 30, 1893,]

1115

NEW YORK STOCK EXCHANGE PRICES (Continued)—INACTIVE STOCKS.
Range (sales) in 1893.

Dec, 29,

I n active Stocks
IT Indicates unlisted.

Bid.

Ask,

Lowest,

175

Nov.

10 2 % ja n .
41% Jan.
37 J an.
86%} Jan.
65 Jan,
29% Jan.
1578j Jan.
9% Jan.
24 Mar
14% Jan.
32 Jan.
23 Jan.
77% Jan14 % Jan.
29% Jan.
r,
91 Feb.
14% Jan.
5% Oct.
28 Apr.
27 Mar,
49 Jan.
45 Oct.
100 Mar.
105 May
163 “ Mar.
114 Jan.
60 Feb.
9% Jan.
156 Feb.
42% Apr.
179 Feb.
112% Jam
37% May
150% Mai

Range (sales) in 189b.

Lee, 29.

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

Highest,

R a ilr o a d S to ck s,
150 Aug.
A lbany & Susquehanna............ 100 160
Belleville & South. III. p re f...- 1 0 0
98 “ May
Boston & S. Y. A ir Line p r e f—100
19
19 Aug.
17
Brooklyn Elevated D...............1 0 0
21% Sepr.
30
Buffalo Rochester & Pittsburg. 100 20
72
70 Bept,
59
P referred ..................
.100
45 July
Burl. Cedar Rapids & Nor.........100
16% July
Central Pacific....... .....................100 16% 17
135 July
Cleveland & P ittsb u rg .. . . — . 50 150
1%
4 July
Bes Moines & P ort B odge------- 100
22 Feb.
Preferred* *.. . . . . . . . . . . . . . — 100
5
6% 5 July
Duluth So. Shore & Atlantic H.100
12
11 July
15
Prefe rred ,f....... ....... ............- -100
14% Sept,
Flint & Fere M arquette.... ....1 0 0
45 Aug.
P r e f e r r e d ................... ..... .1 0 0
6
Georgia Pacific Trust ctfsH-----100
3 Dec.
GT Ray Win. A St P. tr.r e c ___100
v
11 June
Preferred m ist r e e fs ... . . . . . .100
3
2% Aug.
Houston & Texas C e n t r a l...... 100
86 Jane
jD uois* Central leased lines___100
LU
'9% 10 Sept,
Kanawha S M ich ig a n .............100
c
5 7g Oct.
Keokuk & B e a M oines....... ....1 0 0
l u July
P re fe rre d ....... . . . . . . . . . . . . . . 1 0 0
9 Aug.
Lou Isv. Evansv. & St. L. Cons. 100
47% Feb.
Preferred ..................... .......... 100
36 Dec.
Lon. N. A. A Chic , p referred.. 100 t W
105 100 Mfir.
Mahoning C o a l.... . . . . . . . . . . . . . 50;
105 May
P re fe rre d ...................... . . . . . . 50; 100 ’
Mexican S atiooal.................
100?
136 “ Aug.
Morris & E ssex.............
50]
99% Aug,
8T. Y. Lack, A W estern ... . . . . . . 2 0 0
53
50 June
Norfolk A S o u t h e r n ............1 0 0 ?
3 Aug.
4
Peoria & Eastern....... ......... ....1 0 0 ]
148
1 4 0 July
Pitts. .Ft. Wayne < , C h ic a g o ....!00j
fe
25 Aug,
Pitts. & Wernero p f .. . . . . . . . . . . . 50 : 27
150 Aug.
Rensselaer S Saratoga..............100 174
c
Rom e W at.A Ogdensburgh. . . . 10O; 108 110% 99% Aug.
t 20 Aug.
18 : 3o i
St. Louis A lton Sc Ter. H aute...200
145 Nov.
P referred ... . . . . . . . . . . . . . . . . . 1 0 0 ’

(% Indicates actual salesJ
Bid.

V Indicates unlisted.

Ask.

Lowest,

M i s c e ll a n e o u s S t o c k s .
Adams E x p ress..........................100
American Bank Note Co1T....... ..
American E xpress......................100
Amer. Telegraph & C able.. . . . . 100
Brunswick Company............ ...1 0 0
Chic. June. Ry. & Stock Y ards. 100
P referred ............................. ...1 0 0
Citizens’ Gas o f B rooklyn.......100
Colorado Fuel & Iron, p r e f .....100
Columbus & H ocking C oal.......100
Commercial Cable...................... 100
Consol. Coal of M aryland.........100
Edison E lectric II lu min a t in g -. 100
luterior Conduit & Ins. C o ....... 100
Laclede G a s . . . . . . . . . .........
100
Preferred.......................... . . . . 100
Lehigh & Wilkesharre Coal 1 .. .
1
Maryland Coal, p re f....................100
Michigan-Peninsular Car C o.. .100
P referred...............
100
Minnesota Ir o n ............. .
— 100
National Linseed Oil C o............100
National Starch Mfg. C o.___ ..1 0 0
1
New Central Coal........................100
Ontario Silver Mining......... ....1 0 0
[Pennsylvania C o a l . . . . . ............ 50
IP. Lori Hard Co. p r e f ................ 100
iPostal Telegraph—Cable 1 .........
T
! Pullman Palace Car rights.........
’Quicksilver M ining................... 100
! P referred.............................. ...1 0 0
Texas Pacific Land Trust.........100
ill. S. E xpress..............
100
U. s. Rubber p re fe rr e d ........... 100
iWells, Fargo Express ........... ...1 0 0

155
52
114
85
88
5
3%

Highest,

14
8

Toledo Peoria & W estern........ .100
Toledo St. L. & Kansas City if_
_
Vir ginia M idland.............
100

14
17

May
Jan,

Aug. 160

Jan,

May
May

148
48

134

110

100 Aug.
6o% Aug.
4 June
80 May
933 Jan.
4
55 Sept.
60 Dec.
5 July
180 Feb.
26 May
71% Aug.
32% Dec
9% Aug.
48 Aug.
22 Nov.
55 Aug.
92% Sept.
49% Dec.
64 Mar.
14% July
6 July
6 Aug.
6% Dec.
260 June

70
8

7
120
28

31

15
60
40

70
26
60

49%

50

20

: 21%

; 6
8
6
280

9
7
300

120% Feb,
92% Feb,
9% Apr,
108 Jam*
93% Jam
109 Jam
111% Jam
293s Jam
185 Mam
31 J an,
131 Feb,
71 Jam
26 J an,
74% Feb,
25 Jam
67 A pr.
106% Jan.
100% Jam
69% Jam
41 Jan,
34% Jan
11% Jan,
19 Apr.
300 Mar,

55

4 7% N ot . 83% Feb
1 3 ^ May 16% May
1% Dec.
1
3% Feb.
1%
10
15
l i % Dee.
20 Feb.
7% Oct.
13% Feb.
43 AUg. 70% Jan,
: 49% 50
82
51 Aug. 99 Jam
88
120
128 120 Nov. 150 A pr,
50

t A ctual sales.

* No price F rid ay ; latest price this week.

NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS DECEMBER 29.

-----

Ask.

SECURITIES.

93

Bid.

SECURITIES.
A ftbama—Class A, 4 to 5 ...* .1 9 0 6
Class R, 5 * .............................1906
Class C. 4s ......................... ..1 906
fo rre iicy landing 4 s............1920
A *kAnasd»—
~6a, fund, H oL 1899-1900
do. N on-Holford

New York—6s, loan................. 1893
North Carolina—6s, o l d .......... J&J
Funding a c t . . . . .................... 1900
New hoods, J A J .........1802 1898
Chatham RR ..................................
Special tax, Class I ......................

L>tii»lanar-7»,oons—**.— .•.1914 i i o
96%
New conols. 4 s ... —. . . . . . . . . 1914
Missouri —Fund. . . . . . . . . 1894-1895

6 s ............................................. 1919
Rhode Island—Os, eon .. 1893-1894
South Carolina—Os. non-funrl.1888

New York City Bank Statement for the week ending Deo,
We omit two ciphers (00) in all cases.

23 ,1893, is as follows.
BANKS. .
(00» omitted.)

Capital Surplus

Bank of New York.
Manhattan Co—
Men;, haute’. . — .—
MeehanicaL.*—
America...................
P hen ix...-----. . . . . . .
C ity ..,............... —
Tradesmen’#.— . ...
Cheoiical.. . . . . . . . . .
Merchant*’ Kxch'ge
Gallatin National...
Batchers'** DroVrV
Mechanic* A Trad’s
Green w ith..............
Leather wanufac’r*
Saves th Nat local...
State o f New York.
American Exeh’ge..
Commerce...............
Broadway...— . . . . .
M ercantile...... . ... .
Pacific...— .........
Republic.---- - . .... .
Chatham. . . . . . . . —
People’s ... .... ......
North America---H anover.......... —
Irrtng.....................
CitBeua’ — . —
Kaeaaa..— ....... .
Market A Fulton...
St, N ich olas.........
Shoe < Leather.— .
&
Corn Exchange.. ...
Continental...... ..
Oriental................
Importers’ S Trad’s
t.
P ark ............. .
Bast R iv e r..... ...
Fourth Natiooal—
Central National....
Second National—
Ninth National—
First National----Third National.......
N.Y. Nat Exchange
B ow ery ........ ......
New York County..
German. Anierl can..
Chase National......
Fifth A venae....... .
German Exchange..
Ge^manJa,...........
United Stares........
Lincoln.......... .........
Garfield.........
Fifth National ....
Bank of the U strop
West Bide....... ...
Seaboard
....
Sixth N atioual...-.
Western National.
First Nat,, Br’ kJyi.
Sov *bem N ational.,
Tot**...------

2,noo,0
2.050.0
2,000,0
2,000,0
3.000.
1.000.
1,000,0
750.0
300.0
010.0
1 .0 0 0 .
300.0
400.0
200.0
600,0
300.0
1.200.0
5.060.0
5.000.
1.000.
1,000,0
422,7
1.500.0
450.0
200.0
700.0
1,000,0
500.0
600.0
500.0
750.0

S
2.101.4
1.860.4
076,2
2.057.5
2,220,0
0
0
403.0
2.730.0
193.5
7.321.0
177.0
1.584.0
0
318.0
424.7
170.1
548.5
109.8
504.0
2,440,8
3.570.0
0
1.565.6
0
1.114.7
469.6
004.0
963.8
333.2
651.4
1.928.0
345.6
465.6
280.1
822.5

Loans.
$

Bid.

Specie. Legals, Deposits.
$

$

12.650.0 1,810,0 2,810,0 13.010.0
11,220,0. 5.280.0 2.522.0 10.068.0
8,106,81 2,5»3.7 2,610,7 11.738.7
7.758.0
8.321.0 3.235.0 1.714.0
16,447,8 8.368J 2.965.3 18.005.8
4.352.0
278.0
4.488.0 1.017.0
18,052, i 12,065,7 3.476.5 30,267.6
545, t
o 2.347.8
31 6,6
2.140.2
21,062,3 8.285.4 2.180.3 25.7 35,0
4.518.3
888.5
505,9
4,or 8.8
6.076.9
5.512.0 1,213.' 1.934.4
329.1
1.675.0
307.0
1.567.0
2.305.0
2.465.0
560.0
180.0
1.051.3
186.8
l,076,fc
J3u,8
2.461.7
396.0
491.2
3.033.2
300.2
1.639.4
177.4
1.462.5
2,37 6,7
336,5 1.022.1
2.602.5
19.74 -,0 3.957.0 3.960.0 18.678.0
17,858,c 3.348.3 10,339,9 21,151,3
757.0
4.768.0
898,9
5.248.4
8.551.0
8.200.5 1.6 <1,6 1.520.4
s
3.211.7
800.6
2.190.3
559, b
9.604.4 2.203.7 2,435,e 11.840.0
04,4
5.820.9
019.8 1.4
5,2?7,t
024.0
8.058.3
245.9
1.737.5
5.548.7
5.077.5 1.04 5,* 88 L 7
14,065.6 5.842.3 2.277.6 18.381.2
2.584.0
871.7
413,«
2.331.0
3.657.5
830.8
2.476.1 1.030.8
2.602.7
812,6
2.017.1
518.3
4.495.3
748.2
4,535,k
690.8
1.509.0
1,854 0
1.9.3.4
025.1
8.093.0
5.334.6
288.5
2.590.7
2.701.0
883.0
918.6
3, It 1,2
383, e
238.2
517.0
86,0
423.4
3.185.0
929.2
503.8
09 1 ,t
901.1
905.0
401.4
450.9
1.165.7
249.0
935.0
189.1
2.070.7
320.0

Ask.

30
10
15
3
3
94
115

SECURITIES.

Ask.

Bid.

60
Tennessee -6 s , old.........1892-1898
6s, new b o n d s ___..1892-8-1900
60
60
do
new series.............. «914
70
Compromise, 3-4-5-6s.......... 1912
5
New settlement. 6 s ..............1913 ioo
3%
5 s ..................................... ........1913 100
74
3ft......................... . . . . . . . . . . . . 1 9 1 3
Virginia funded deht, 2-3S...1991 56
6
6s. deferred bon ds........................
6s, deferred t’st reo’ts, stamped.
i 7s

—

IQ?""
105
75
56%

7

New York City, Boston and Philadelphia Banks:
Ba n k s .
N. Y o r k .*
Nov, 2 5 -.-.
Doc. 2 ... .
"
9 ....
" 16—
“ 2 3 ....
B oston**
Doc. 9 ....
" 16—
“ 23 ...
P h lin .*
Dec. 9 ___
“ 36 —
** 23----

Capital
Surplus.
$

Loans.

Specie.

S
405,201,7
409,490,1
4 12,343,8
415,421,9
416.287.0

$

Leoals. Deposits, t Circ’Vn Cleanings*
$

$

135319
136582
136021
134561
132585

518,613,2
500.968.6
537,606,0
501.964.6
514,500, B

84.642.9 105.744.0 10.424.0 9.340.0 158.837.0 9.099.0
04.042.9 L65,959,0 11.765.0 9.095.0 157.082.0 w,025,0
84,042,0 166.318.0 11.057.0 10.054.0 150.851.0 8.814.0

94.261,0
86,165,&
81.738.4

132,527,8
132,527,*
132.049.2
132.049.2
132,019,0

35,810,3 97.773.0
35,810,K 97.907.0
35,810,31 97.905.0

1009936
1043688
1049005
1035482
1045207

88,609,5
93.564.4
94.850.5
96,508,4
98.129.0

32.5 20.0
32,3 99.0
32.5 81.0

* We omit t. do ciphers in all these figures,
delphia, the item * due to other banks.”
*

475.311.7
487,345,2
492,8 »2,3
493,551,'
498.847.7

98.905.0 5.698.0 62,142,8
99.738.0 5.323.0 60.083.5
99.487.0 5.323.0 02,188,5.

t Including fo r Boston and Phil a

Miscellaneous and Unlisted Bonds.—Stock Ex. prices.
M iscella n eou s Bonds
ChrJun.&S. Yds.—
Col.t.g ,5s
Colorado Fuel—Gen. 0a——— ......
Col. & Hock, Coal & I.—6s, g
Consol’ll Coal—Convert. 6a. nojwjb.
CoBiMias Co .Chic.—1st gu.5^ * 83 a.
Den v. C. Wat. Wks.—Gen.g.5s
*-idr “b.
Dot. Gas con. 1st 5a........
* 90 %b.
East River Gas 1st g. 5s.
Edison Elec. III. uo. —ist 5s _ 102 b.
106 b.
Equitable G. < F.-~1st 6s—
&
Henderson Bridge—let g. 6s. 108 b.
Hoboken Land < Imp.—g. 5s
&
90 b.
Mich,-Penin, Car 1st 5s, g
*109 1
Mutual Union Teleg - 6 s
)
Natioual Sfarch Mfg.—1st
88 b
Northwestern Telegraph—7a. *106 b..... Peoria Water Co. -6 s, g .
N ote .—” 5 ” indicates price bid; “ a ”

M isce lla n e o u s Bonds*
People’s Gas & C. J 1st g. 6s.
Co., Chicago — ) -d g. 6s. * 97 %b„
Pleas. Valley Coal -1st g. 6s. 95 m
Procter & Gamble—1st g. 08
Sunday Creek Coal 1st g 6s..
Western Union Teleg. —. * 113 a.
Wheel. L.E«fcP.Coal - 1st g 6» 70 a.
U n lis t e d

B o n d s.

Ala. < Vicks.—Consol. 5 s , g.
fc
Vicks. < Merid 1st 6s — ..
fe
Amer. Deo. Co. col. tr. 5s ...
Comstock Tunnei-J no. 4s..
Geo. Pac—1st 6s g. c tf3 ......
2d mort. income ...............
Consol. 5s, g. ctfs----- * <ncorne 5s. c tfs ,.—
........... Mem.<fcOharleston—Oon. 7 g
price asked, * Latest price this

91

9 D
.
S3 m

32%a.

3.537.0
7 b*.
8.762.5
6.678.0
1.900.0
week
25.150.0
27,0-0 8
Bank Stock L is t.- -Latest prices of bank stocks this week,
1,022 1
22.295.2
B A N K S . Bid. A sk
Bid. Aak,
B AN E S.
Bid. Ask.
BANKS.
10.230.0
5.190.0
.....
4.140.8 A m e rica .—..
N.Y.Nat.E^ 110 __.. .
G a rfie ld .-—
liif
22.066.7
German A m . 120 ........ Ninth.......... ..... 110
6.639.9
19th War A . 136 .....a
German E x,. __...
220 235
1.077.8
___ N. America. ..... .....a
G erm ania.... 325
170
3.020.0
O riental___ 230 250
155
3,3? 1,8
07 0
300 350
2.184.8
Park... . . . . . 270 306”
H ud. R iver.. 150
3 i0 400
15-619,8
. . ... .
People’ s . . . . 275
40UO 4800 Im. & Trad’s’ —— 600
6,08L,7
_
P h en ix........ U 8 125
I r v in g . . . — _ _ 160
425
3.024.9 C ity ........
3.231.8
L in co ln ..—— ...... ..... Republic___ ..... 150
215
0,421.1
S eaboard. . . .172 - .. ...
M anhattan,. ..... 190
530
5.3
0,3
Second —
.... . . . . . .
Market<fc Ful 210 225
130
4.503.1
___ Seventh .. 1.25
....a
Mechanics’ .. L75
2a 5 280
1.855.9
Shoe& Le’th 100 120
M’ elis’ & Trs’ 150
6,33*,2
St. NichOiaw. ....... . . . . . c
M ercantile .. 200 225
145 155
2,306 0
___ Merchants’ — ... 150
S outhern .. ...... 98
6.1^2 O 31th W ard .. .
Staieof iN.Y,
110
M erch’ts Ex. no 125
1.371 O Fifth A v e ,,.. 200 0
T u ird . .....
M etrop olis.. 150 500
11,150,3 Fifth.........
ioo*"
4,587,0
... 317%
... Uu’d State
Murray H ill .....
115
1.740,7 First N., 8. T.
Western
109
Nassau ......... .. ...• 165
14th Street.
RidA
'4.-1
56
20 0
160,422,7 71,500 8 416,2V?.f 104*2071915,1*9/ 498.847.7 Fourth
2,000,0
1,000,0
1,000,0
800.0
1.500.0
2,000,0
250.0
3.200.0
2,000,0
300.0
750.0
500.0
1,000,0
300.0
250.0
200.0
750.0
500.0
100.0
200,0
200,0
500.0
300.0
20O,l>
200.0
300.0
200.0
50C,(
200.0
2,100,«
300,0
1,000,0

291.1
1.251.8
294J
425.2
5.700.8
3.135.6
137,4
2.130.6
543.3
511.0
352.4
7,816,4
140.2
151.3
540.5
570.1
314.0
1.185.7
1.036.0
628.1
680.6
512.4
440.8
500.6
830,0
773.7
29/,2
240.5
341.6
220.5
837,'
150.5

365J*
2.843.0
450.8
8.313.1
4.074.2 1.419.6
190.5
1,71 0,<
18.023.1 4,73%0
2 1,168 J 4.838.6
124.8
1.045.1
20,009.0 4.870.4
6,681,0 1.297.0
4.060.0 1.012.0
841.8
3.099.0
2 009,2 3.857.9
6,877,4 1.012.7
83,0
1.109.2
477.0
2.451.0
801.5
2.087.7
03 8, <
1.900.7
9.750.3 4.404.7
94 5,7
6.304.6
24ft,V
2.5
06, a
2,491 J1
3 21,8
4.757.6 X,502,0
4.338.6 1,025.2
926.9
3.490.8
201.0
1.657.1
644.0
4.090.8
424.0
2,111,0
783.0
4,14 l,<
227.0
1,045,0
0,586,1 1,^55,9
957.1
4,3'. 8,0
50,6
1.846.5

THE

L1 IB

CHRONICLE.

[V ol .

L II,
Y

BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES,
8ales
of the
Week,
Shares.

S h are P ric e * — n o t P er C e n tu m P r ic e * .
A ctive S tocks.
% Indicates unlisted.
Atoll. T. & 8 . Fe (Boston). 100
Atlantio & Pac.
“
100
Baltimore & Ohio (Bait.). 10<
1 st preferred
“
100
2d preferred
“
100
Baltimore Trao’n.(Phil.). 25
Boston & Albany (Box on). 100
Boston & Lowell
“
100
Boston & Maine
"
100
Central of Maes.
“
100
Preferred
“
100
Cbie. Bur.& Quin.
“
100
Chic. Mil. & 8t.P . (Phil.). 100
Cliio. < W.Mieli. (Boston).100
&
Cleve. & Canton
“
100
Preferred....
“
100
Fitchuarg pref.
“
100
Hunt. & Bv.Toj). (Phila ) . 50
Preferred
“
50
Lehigh Valley
“
50
Maine Central (Boston).\00
Metropolitan Trac. ( Phil). 100
Mexfciln Cent’lf.Boston).100
N. Y. deN. Eng.
f
“
100
Preferred___
“
100
Northern Central (Balt.). 50
Northern Pacific (Phila.). 100
Preferred
“
100
Old Colony.... (Boston). 100
Pennsylvania.. (Phila.). 50
Philadel. & Erie.
“
50
Phila. & Reading
“
50
Philadelphia Trac. “
50
Summit Branch (Boston). 50
Union Pacific
“
100
ij nited Co8.of N.J. (Phila.) 100
Wes ternN. Y. &Pa(Phila.). 100
M is c e lla n e o u s Shock*.
Am.Sng’rRefln.lj (Boston)....
Preferred.........
“
Bell Telephone..
100
Bost & Montana
**
25
Butte & Boston..
“
25
Calumet &Hecla
“
25
Canton Co........... (Balt.). 100
Consolidated Gas
“
100
Erie Telephone (Boston). 100
General Electric.. “
100
Preferred........... “
100
Lam son Store Ser. “
50
Lehi’h Coal&Nav 'Phil.) 50
N .E ng. Telephon e ( Bost'n>100
North American. (Phil.) .100
West End Land.. (BosVn)....
* Bid and asked prices:
Inactive S tock s.

Haturday,
Dec. 23.

Monday,
Deo. 25.

L25 130
.........112**
16% 16%
203** 203is
185 185
111 141
13
13
48
48
75*4 75%
5758 58*8
* 50“
V
'2 * 3 .........
77 7 78
e
34*h 34%
51% 51 %
30** 36%
107 107
103 103
5%
534
15i* 10*4
46
46

ffl

O
£

5
187
s

5

*47% 48
" 9*6 9*8
91
91*4
"18*4 19*4
........ 228
"2*4
2**

12

no sale was made.
Bid.

Ask.

Prices of December 29,
85
Atlanta
Chamotte (Bau.). 100
Boston & Providence (Boston). 100 250 252
20 25
Camden &Atantio pf. (Phila.). 50
5
Catawissa.......................
“
50
52%
1st preferred.........
“
50
52
2d preferred.......
“
50
51
Central Ohio.............. (Ball.). 50
Chari. Col. & Augusta
“
100
Connecticut & Pass. (Boston). 100
Connecticut R iver...
“
100 220
Delaware & Bound Br.(PAito.),100
12
14
Flint & Pere Marq. .. (Boston) .100
40
35
Preferred..... ................
“ 100
82
Har.Ports.Mt.Joy&L. (Phila.). 50
Kan. G y Ft. S. & Mem. (Boston). 100
Preferred.....................
“ 100
K. City Mem. & Birin.
“
100
Little Schuylkill....... (Phila.). 50
66
Manchester & Law.. (Bosto?i). 100
Maryland Central___
(Balt.) 50
70
Mine Hill & S. Haven (Phila.). 50
55
N esq uehoning Val___
“
50
Northern N. H..............(Boston). 100
*3 *
*3
North Pennsylvania. (Phila.). 50
81
4*3
Oregon Short L in e ...(Boston). 100
3
c
Pennsylvania & N. VV. (Phua.) 50
40
45
Rutland........................(Boston). 100
Preferred.................
100
eaboajrd A Roanoke. (Balt.) 100
62%
Is preferred...........,
“
100
West End...................... (Boston). 50 48 k 49
Preferred.....................
“ *50
7a % 78%
West Jersey................. (Phila.). 50
53
West Jersey A A*lan,
“
50
18
estern Maryls n L.
(Bait,). 50
m. Col. & Augusta
“
100
mingt'n& Weldon
“
100
Wisconsin Central... (Boston). 100
5
5k
Preferred.....................
“ 100
Worc’st.Naeh.&Roch.
“
100 115 120
MISCELLAN EOUS.

•40
Allonez Mining.........(Boston). 25
•25
Atlantic Mining.........
“
25
11
11k
City Passenger R R ... (Balt.). 25
Bay State Gas............ (Boston). 50
6
6%
Boston Land
____
3%
4
10
Centennial Mining...
3:%
4
10
Fort Wayne Electrical
25
4
3k
F r a n k l i n Mining.......
11
25 •10
Frenchin’n’sBayL’nd
5
3*4' 3*3
Illinois Steel .-...........
100
40 !.........
Kearsarge M ining....
25
7*3! 8*3
Morris Canal guar. 4 . (Phila.). 100
Preferred guar. 10.
“
100
Osceola Mining.......... (Boston). 25
28*2 29
Pullman Palace Car..
“
100 162*3 163
Qalncy Mining...........
“
25 110 11.25
Tamarack M ining....
**
25 161 jl63
United Gas Impt.
(Phil.)............
59*« .......
Water Power............. (Boston). 100
1 *31 2
Westing.Elec.lstpfd.fiiosto/G. 50 48
48%
Assenting___________
“ . 50 24 I 25
Unlisted.

§ And accrued interest,

Thursday,
Deo. 28.

Friday.
Dec. 29.

Range of sales in 1893.
Highest.

Lowest.

12% 53.276 10 Dec. 29 36% Jan.
12 % 13% 10
13’ s 133a 13%
370
1
1
1
1 D^c. 26
%
H
4*4 Jan.
08
*67% OS's
100 56*8 July 31 97% Jan.
70
*68
68
71>4
*125
*125 128
125 Sept. 13 135 Feb.
*110
110 Aug. 29 122 Jan.
16*4
1,303 15*4 Nov. 20 29*4 Jan.
16
16
16%
1GU 16%
16=8 16%
202 202 %
74 195 July 26 227 Feb.
202 2021, 202 202
*
187 *184 187
1S4 184
20 170 May 10 200 Feb.
140 141
140 140
121 130 Aug. 1 178 Jan.
141 141
10 10*8 July 27 22% Feb.
*) 3
*13
*12% 13
"13
2 46 Jan. 3 62*s Feb.
*4*
*48
*48
*48
74 % 75% 74% 76
18,861 69*3 July 26 103% Jan.
73>4 74 7„ 73 k 75
57
56% 57% 22,200 46% July 26 83% Jan.
56% 58%
56% 58 ^
5 8k
8
20 Dec. 9 49*3 Feb.
.....
.... .
......... . . . . . .
* 50
*•50
50c. S^pt. 19
"‘• 5 **
* *6
G Feb.
2%
*2%
100
*2>«
2 Nov. 29 19*3 Feb.
77
77
116 69 July 31 95 Feb.
77
77
78
78
3178 35
*34
*34
88 29 July 31 40% Jan.
35
34% 35
___
"51
73 46 Aug. 16 56 Jan.
52
51% 51%
5158 513*
1,096 29% Aug. 8 62 Jan.
36% 36%
36*4 363s 36% 37%
3 6 4 3714
*105 107
6 100 Nov. 13 130 Feb.
*105 107M 106*s H 64j
1,719 69 Aug. 1 150% Jan.
101 101
100
98 k 100
103 103
45
5 J une 29 13 Jan.
5%
'5%
12*4 1434 127 13%
6
12% 13% 42,219 12*4 Dec. 27 52 Jan.
15*4 17
15 39 ** Dec. 27 102 Jan.
49
40
39 k 39% *37
*37
42
42
*69%
*69%
66 % Jmv 26 70*4 Jan.
*69*4 70
45S
4%
4M
4%
7,671
4%
4%
4*3
4%
37e Aug. 18 18*3 Feb.
6,295 15% Aug. 15 50*4 Feb.
18 7 19
8
18i0 19
18% 19
18*3 ls%
22 165 Aug. 22 221 Feb.
169 170 *170
168 168 *169
6,239 46% Drc. 18 55*3 Jan.
47=8 4 8 's * 47 % 481) 47 % 48% « 47 7s 48k
25
20 Sept. 29 35 Jan.
22*518 6 iie July 27 26% Jan.
a*,
87f
89i«
87s
8 ’ ki
9ie
89
90% 91
2,276 58 Aug. 1 142*3 Feb.
8 7 ^ 88
»7
S7S)
89
5 July 11
-4 k
. . . . - .......
9*3 Apr.
16% 18
16% 18*4
177 19
«
6,868 15*3 July 26 42*3 Jan.
177 18
8
1 216 Aug. 30 232*3 Mar
*229
*2274 228k 228 228 *227
674
2 k
2 Nov. 23
2 k
7% Jan.
2 k
ak
13*4 2S
2H
2%
79%
84
190
27%
9%
‘ 300
62
54%
v*2*3
36%
64
J
e
51%
51

79% 803a
82
83
191 191
27** 28
*8 %
9%
300 300
-60
68
54
55
43
43
36*2 37*4
*60
64
*14*a......
52
52*4
51
51
3**
3*3
12

Wednesday,
Dec. 27.

12%
1

14*4 147e
1%
1%

4%
18%

Tuesday,
Dec. 26.

82>4
84
192
27%
91
*,
3I’5
65*3
54%
44
37
<>4
15*3
52
51

12

12

81% 83
81 58 82%
81
83
*83
84
84*4
81
190 192
190 190% S184
26% 27%
27
26%
27%
*9
9%
8%
93a
SO
*
300 300
300 3C0
6 2 ^ 62% *62
*62
54k 54%
54% 5434 54%
44
44
*43
43*4
32% 3 i%
92k
31*4 37%
60
63
*57
*55
57
*
k
15%
52
*5178 52% 52% 52%
515. 51*4 52% 62% *52
*3%
11% 12
12*4 1 2 k
1034

Inactive stock s.

Bid.

Ask.

Bonds— B oston.
„ ,
At.Top. &S.F. 100-y r. 4 g.,1989, J&J
62*4
2d2%-4s, g., Class A ..1989, A&O
29*s
78
Boston United Gas 1st 5s...............
2d morr. 5s............................. 1939
Burl. & Mo. River Exe npt 6s, J&J
Non-exempt 6s....... ..1 9 18 , J&J1
103*3
Plain 4s......................... 1910, J&J
102*g
Chic. Burl. & Nor. 1st 5,1926, A&O
100*3
2d mort. 6s..................1918, J&D
loO
Debenture 6s.............. 1896, J&D
90
Chic. Burl.& Quincy 4 s.. 1922, F&A
93
93k
Iowa Division 4 s....... 1919, A&O
Chic.&W.Mich. gen. 5s, 1921, J&D
60*3
Consol, of Vermont. 5s. 1913, J&J
Current River, 1st, 5 s..1927, A&O
Det. Lans.&Nor’n M. 7s. 1907, J&J
Eastern 1st mort 6 g ..l906, M&S.
Eree.Elk. &M.V.,lst, 6e.l933,A & 0
Unstamped 1st, 6s---- 1933, A&O
K.C. C.& Spring.,1st,5g.,1925, A&O
K O. F.S.& M . con. 6s, 1928, M&N
K.C. Mem. & Bir.,l8t,5s,1927, M&S
K.
C. St. Jo. & C. B., 7 s..1907, J&J
L. Rock & Ft. 8., 1st, 7 s.. 1905, J&.I
Louis.,Ev.&St.L.,1st,6g.l926,A&O §102 102V
2m., 5—6 g................. 1936, A&O
Mar. H. & Out., 6s....... 1925, A&O
Mexican Central, 4 g ...1 9 11 , J&J
1st consol.incomes, 2 g, non-cum.
2d consol, incomes, 3s, non-cum.
N. Y. & N.Eng,, 1st, 7s,1905, J&J 1st mort. 6s....... ..........1905, J&J
2d mort. 6s..................1902, F&A
Ogden. &L.C.,Con.6a...1920,A&O
Inc. 6s.......................................1920
Ru tland, 1st,6s.............1902, M&N
2d, 5s............................ 1898,F&A 5t98
B on ds.—Philadel rhia
Allegheny Val.,7 3-10s, 1896, J&J
Atlantic City 1st 5s, g., 1
,1919, M&N
Belvidere Del., 1st, 6 s.. 1902, J&D
Catawissa, M., 7s.........1900, F&A
Clearfield & Jeff., 1st, 6s. 1927, J&J
'Connecting, 6s.........1900-04, M&S
jDel. & B ’d Br’k, 1st, 7s. 1905,F&A 124
Easton & Am. lstM .,5s. 1920, M&N 107
Elmir, & Wilm., 1st, 6s. 1910, J&J. 115
IHunt. & EFd Top, Con. 5a.’95,A&O 101*4
Lehigh Nav. 4*38.......... 1914, Q—J 106
2d 6s, gold...................1897, J&D 106
General mort. 4*38, g.l9 2 4,Q —F 101
Lehigh Valley, 1st 6 s... 1898, J&D 108
2d 7s..................... .....1 9 1 0 , M&S 131
Consol. 6 ............, ....1 9 2 2 , J&D
North Penn. 1st, 7 s ..... 1396, M&N 1*0*6“
Gen, M. 7s.................... 1303, J&J 12 7
Pennsylvania gen. 6 s,r..l9 1 0, Var 126*3 .
Consol. 6s, o
............1905, Vc.r
Consol. 5s, r.................. 1919, Var
CoUat. Tr. 4*3 g.......... 1913, J&D
122
Pa. & N. Y. Canal,7s... 1906,J&D
Pa. & N. Y. Ca.. con. 58.1939. A&O

t Last prioe this week.

82k
So

185
27k
9
64
54%
43%
34%
57
52
52%
4
1L

11,577 62 July
249 66*3 July
4 0 166 July
1.305 15 July
5 July
700
51 247 July
100 62% Dec.
153 50 July
60 36*3 Aug.
20,410 31*4 Dec.
90 44 Aug.
12*4 July
114 46% Aug.
147 47*4 Aug.
100
2 % Aug.
1,002
9*« July

Bonds.

134% Feb.
104% Jan.
212 Jan.
34% Jan.
12 Jan.
320 Jan.
72*3 Jan.
65 Apr.
50*3 Jan.
114*4 Jan.
119 Jan.
26*s Feb.
54% Feb.
61*3 Jan.
11% Jan.
18 Jan.

__

Perkiomen, 1st ser., 5s. 1918, Q—J
Pnila.&Erie gen. M. 5g.,1920, A&O
Gen. mort., 4 g.......... 1920, A&O
Phila & Read, new 4 g., 1958, J&J
1st pref. income, 5 g, 1958, Feb 1
2d pref. income, 5 g, 1958, Feb. 1
3d pref. income, 5 g, 1958, Feb. 1
2d, 7s........................... 1933, A&O
Consol, mort. 7s___..1 9 11 , J&D
Consol, mort. 6 g.........1911, J&D
ImprovementM. 6 g., 1897, A&O
Con. M.,5 g.,stamped,1922,M&N
Phil. Read. & N. E. 4 s .............1942
Incomes, series a .'................ 1952
Incomes, series B ..................1952
Phil. Wilm. & Balt., 4s. 1917, A&O
Pitts. C. & 8t. L., 7 s....1 9 0 0 , F&A
Po’keepsie Bridge, 6 g . 1936, F&A
Schuyl.R.E.Side,lst5 g. 1935, J&D
Steuben.&Ind.,l8tm.,5s. 1914, J&J
United N. J., 6 g............ 1894, A&O
Warren & Frank., 1st,7s,1896,F&A
B on ds.—Baltim ore.
, ,
Atlanta & Chari., 1st 7s, 1907, J feJ
Income 6s....................1900, A&O
Baltimore Belt, 1st, os. 1993, M&N
Baltimore & Ohio 4 g., 1935, A&O
Pitts. & Conn., 5 g ...l9 2 5 , E
’&A
Staten Island, 2d, 5 g.1926, J&J
Bal.&Ohio 8. W.,lst,4*3g.l990, J&J
CapeF.&Yad.,8er.A.,6g.l9L6, J&D
Series B., 6 g ...............1 9 16 , J&D
Series C., 6 g ................1916, J&D
Cent. Ohio, 4*3 g.............1930, M&S
Chari. Col.&Aug. Is t7 s .l8 9 5 , J&J
Ga. Car. & Nor. 1st 5 g ..l9 2 9 , J&J
North. Cent. 6s...............1900, J&J
6s.................................... 1904, J&J
Series A, 5s____ ______ 1926, J&J
4*3S............................... 1925, A&O
Piedm.&Cum., 1st, 5 g. 1911, F&A
Pitts. & Connells. 1st 7e. 1898, J&J
Virginia Mid., 1st 6 s ... 1906, M&S
2d Series, 6s..................1911 M&S
3d Series, 6s................ 1916, M&S
4th Series, 3-4-5s....... 1921, M&S
5th Series, 5s.............. 1926, M&S
West Va C. & t>. 1st, 6 g .1 9 11, J&J
West’Z N.O. Consol. 6 g.i91 4 , J&J
L
Wilm. Col. & Aug., 6 s.. 1910, J&D

16
14
27
13
18
24

6
6

26
14
14
21
23
3
3
3

6

12
9
27

6

28
16
17
13
23

6
6
6

27
16
2

8

12
27
13
24

6

19
27
16
17
21
18
10
16
16
18
20
2
20
23
4

Bid. Ask.
98
113

.
,

100*3 .

113*3
127 129
103

104
99%

......... .......
114% 115*4
106 %
104%
102
105 108
114
90

115
96

97

98

95
98
103k 104k
80
80
80
99
87
112
113
110
1U5
97
110%
110
1L0
102

100
90

ill
112
112
10(5

9*5s 97
4
106 107
80
85
110 115

MISCELLANEOUS.

Balti ?uore—City Hall 6s. 1900, Q—J
FundiugGs..... ......... . c1900, Q—J
West MaryPd »IR. 68..1S02, J&J
Water 5s....... .............1916, M&N
Funding 5 s..................1916, M&N
Exchange 3*iis............ 1930, J&J
Virginia (State) 3s, new.1932, J&J
Chesapeake Gas, 6 s .....1 9 0 0 , J&D
Consol. Gas, 6s.
1910, J&D
5 s ....................................1939, J&J
Equitable
A<frO

__. . .
116
118

99 %
70%
105%
114%
10134
107

ioo*i
72
106
115
102
109

THE CHRONICLE.

December SO, 1893,]

111?

N E W Y O R K S T O C K E X C H A N G E P R I C E S (C o n tin u e d . )— A C T I V E B O N D S D E C . 2 1, A N D N O R Y E A R 1 § 9 3 ,
, C lo S n g R a n g e ( s a le s ) in 1 89 3 .
■SiTT-ROAO AXD Mis c e l . B o u r n Interest P r i c e ---------------------------------------

[Period.’Dec, 29;

Am er.Cottonuit,deb.,8 g.1900 Q—F i l l l
A t,lo p .& 8.F,-lU O -sr„4g.l98 9 J & J 65

Lowest.

Highest.

A ug. 114% Jan,
83 78 Feb.
J u ly
J u ly
2d o -4 6 , g „ Cl. “ A” ......... 1989 A A O 3 0 ’s
5 7% Jan.
57 J an.
May
lOO-year income, 5 « ------ 1989: Kept, ..........
71% Jan.
D eo.
A ll. A Pa,.'.—Gnat, 4 g .„ .1 9 3 7 — . . . . . 45%
2 Deo. 11% J an.
Vf.D. ino.,68.....................1910 J & J: 2%
Brookl’nE e ?afd l8 t,6 ,g .X 9 2 4 A & O 95 b. 100 A u g 120% Mar.
99 J u ly 109% D ec.
Can.South.—1s t ,5 a ........ 1908 J & J 109
2d .5s................................. 1913 M A S '1 0 3 a. 93% S-pt. 103% Jau.
0% Jao.
i 3 1 D ec.
C ent.G a.—S,& ft . lste o n .5 s,’ 29 .............1134
Central at 5 . J .—Cotie.,7b . 1399 Q—J 1113 1> ,1 0 % AUg. U 6 Mar.
.
Consol, 7a......................1903 m a s n s i> 113 M ay 122 Feb.
General mortgage, 5 g ..1987: J A- J : l l 3 % 102 AUg 114% D e c
Leh.&W.£„uOB.,7a,a37il.iy i)0 Q—M 106%a. 100 Sept. 110 Jan.
do. mortgage, 5s........ 19 12 M A Nj S3
9 0 J illy 100 A pr.
Am. Dock A lrup.,Ss_ 1 9 2 1 1 & J i l l b. l u o A u g. 1 Li D ec.
_
Central Pacific—Gold,6a.-1808 J it J ' 105%b. 101% Aug. 109% Jan,
Cln-s. A Ohio -M o r t .,8 g . .l 9 1 1 A <fc O 116
110 Bout. i 18 Feb
1st COCBOi.,5 g ...........1 9 3 9 M 1: N j 1 0 1%
9 0 A u g. 106 Feb.
85% Feb.
Gan. 4318, i ..................... 1992 M & » 71*a
61% A ug.
K.3tA.Dtr.,l9tooo.,2-4|t.l989 J < J: 55
fc
7 0 A tig, 88 % D ec.
do
2d eon., 4 g . . . 1089 J A J 1 31 b, 68 A ug.
8 2 i '**e.
E U i.C ex.A B iesan.-6 g. 1902 M & ? yy a. 88 Sept. 101 Feb.
Cun. Burl. A Q.—Con., 7 b. 1903 J A j 122% 108% July 123% D ec.
Debenture,**.................1918 M Sc N 118 a. 83 A ug. 102% Jaa .
Convertible fts..................1903 M A 8 101
89% J u ly 103% Jan.
D enver D iv isio n ,is....... 1922 F & A bs b. 8 7 Sept. 91% Jan.
>'ebraekaExt©ijston,4a.l927,M A N 8b%b. 7 9 % A u g. 88% J an.
C lilo .A E .ia .—lews.f.,6*.1907 J A D i l l b. 108 A ug. H 6 A p r
C o n s o L ,6 g ...... ................... 1034 j A A C" U 8 % b . 115 O ct, 123% M ar
General oousol. 1s t ,5 s ..1937*.% A N 9 g %
9 3 % A ug. 103 A p r
Chicago A E r ie -le t . 5 g ... 1982*% & N 07
87 July 103% Feb.
In co m e , 5 a .. . . . . . . . . . . . . . 1 9 8 2 ] Oet’ b 'r ! 3 4 a. 2 0 J u ly
44% Jan.
Ohio. Gas L. A C ,—le t, S g . 1937 J & J 88
70% Aug. 92% Feb.
G ilo. MIL A B U ?.-C o n .7 s . 1905 J A J 123 b. 110 A ug. 129 A p r.
leL B outbw est Dlv.. 6e. 1909 .1 A J *H6 a. 105 A ug. 115% D ec.
lat.So.M ln. D lv .,e » .__1910 J A .1 U 5 % 6 . .0 6 A u g. 116% Feb.
let,Ch.&Fao.W.DW., 58.1921 *J A .1 109 b. 103 AUg. 12 M ay
Cltlo.A51o.Rlv. Dlv., 5s. 1926 J A J* l(M%b. 97 A u g. 05 A pr.
Wla. A Minn. Dlv.. 5 g .,19 21 .[ A J '106 ti. 98 J uly 108 Apr.
'lenu t o o l, & g ..................... 1014 J A J !0 ? % b , 98 Ju ly 109 J u n e
Gen. M.,4e.,aei)»‘B A ...19 S 9 J A J 91 b. 8 6 J u ly
95 A pr.
MILANor.—ia l.e o u .,69.1913 J A D 1 1 2 % 1 0 5 A ug, 115% N ov,
Cblc.AN.W —C o u a o l.,7 a ..iy i5 % - F 137 b. 12 0 S ept i3 9 D ee.
C ou p on , gold, 7e............. 1902 J A D | l2 l% b . 117 J u ly
25 N ov.
S in king f u n d ,6 a ...
1929 A k O 1 .2 b. 109 J u ly 115 Feb.
Sinking tund,5a...
1929 A & O ' 107 Ojh. 100 A ug. 409 Jau.
1933 M A N
103% S o v , 112 Feb.
1901 M A & ' i03Jab. l o o J u n e 06% Mar.
192b F & A 97 b 9 0 A ug. 98 Jan.
1 928i ll A & 70 a. 93 A u g. 100 Mar,
1917]J A J 125 %b. 111 July 126% Dee.
1934 J
02 H D ee.
i
j
99%
88 J uly
1921 | & h 92%
m
83 Sep<. 9 7 % Feb.
193b J A U 133 a. :1 0
2 3 % N ov.
AUg
8J N ov. 9 2 % A pr.
191" |j A J
1 9 1 4 (J & o 126*1*. 119 M ay 1 26% D ec.
, .. 115 A u g . 122% Feb.
183»| j A J
1 94 0 IA & o 70 b 5S A u g
79 Jan,
1990 A ITU. 15 l). 12 A u g.
26% Jau.
10U< i f
A 97
91 N ov. 106 Jan.
1 9 4 0 !E & A 27%
67 Jan.
2 5 D ec.
j 4 -AUg, 9 4 % Jan,
l9 3 i M A ft 80
1904 !j a U 9 0 % i. 82 *a Au^. 99 Apr.
19001.% A N 112 b. t 12 JuJj 119
Apr.
1936U iV J 7 0 a . 71 Ju»y
38 % Feb.
1913(1 tv J 60 it. 5 7±s D ee.
7 4 Jan .
19111 a A 0 26 a. 2 0 J u n e 40 Jan.
D a L 8 o . 6 b.
1937*J & J MOD a. 9 0 J u ly 103 A pr.
195c M
94 A pr.
N 91 a. so Oct*
1925 J A J 98 a. 9 2 % A u g. i 0 4 % Feb.
1921 J A D 07
6 1 l4 N ov. 101 A pr.
t,5 x. M A N 9 0 b. 90 Nuy, 9 7% Feb.
1911 M A 6 U 7 % a . 106 AUg, 117% Feb.
70 Jan.
1 921 [a A U 63 a. 5 a N o v .
I llin o is C e n tra l1952U & u
99 D ec. 105 Mar.
1 919 M A N 110 b. 100 J u ly 113 A pr.
1909 JM & 6
.
72% Feb.
5 0 J u ly
9 0 Feb.
193b J A: L 85 b. 72 July
»
K e n tu ck y C en tra tApr.
1 9 8 7 IJ A J * S2 b. 80 A u g. 87
1925 J & J 83 b. 81 Nov. i0 3 % Feb.
87% Jau.
.1919 j Q— *
* 81 a. 7 0 A ug.
.1 9 5 ' j A J 1 l2 H b . i 06 A ug, 1 13 Feb.
101
63%
29
50
45%

C oueol. c o u .p ., 2.d ,7a.
.1 9 0 3 ____ 11 31 %b
J A
.
D ong iBl d —l o t ,c o n ,, 5 g . . 1931
J 114
G en era l m ortg a g e, 4 e . .1938*3 a D 93 b,
Doule. A N aab.—C ons., 7 e .l8 9 a * A A O 110
N .O . A M o b . 1 st, 6 g ........193o J A J 111) b.
do2 d ,6 g ......... J930U A .1 100 a
G e n e r a l,6 g ........................1 8 3 o :j a D UO
U nified, 4 g ........................ 1940 J A J] 73 b,
N a n b .F l.A 8h .—l » l g t d . 5 g . ’ 3 7 !t ' A A 1
Donl*. N .A . A C k .—1st, 6 8 .1 9 1 0 J A J -1 HI b.
C o n s u l.,6 g ........................1910 A A O: 9 5 %
Louis. 81. L. * T e x a s —fj g . 1017 F A A 5 0 b.

Metro. Elevated—1 st,6 g . 1908 J A
2 d , 6 a ...................................1 899 M A
M ich . C en t,—le t ,e o n ,,7 a ..1 9 0 2 M A
C o n s o l,, 58 ....................... 1902 M A
41!l.D ake8h. A W .— 1 s t,6 g . 1921 M A
E x te n . A l t n p „ 5 g ..........1929 F A
Id. K . A X.—1st 4a, g ..........1990 J A
2 d , 4 e ,g ................................1 990 F A
M o ,P a c in o — 1st, co n ., 0 g . 1920 M it.
3 d , T s ,..................................1906 M A
F a c.O fM o .—1st, e x . , 4 g . l » 3 8 F A

F o ie —" i," ii,>i,taii s j

113

114

July 1 2 1 % Deo.
A u g.

I l l AUg.
90 July
lOtl

110

100

AUg.

i2 3 % Oct.
116% Feb.
96
D ec.
i 13 Jan.

AUg, i2 3 % Apr.

July
107 J u iy
75
J uly
95 AUg.
100 Sept,
8 2 Aug.
60 D ec.
J llb% a. 108 *s A u g .
N*100-V>. 100 J u ly
K 122% b. 113 Aug.
A ug.
S i0 6 % b . iiOO
N U 2 5 h. 115 J u ly
A -1 0 3 b. 97 ** A ug.
69 A ug.
D 78
273* July
A 41
JS SU a. 8 6 O ct.
N 106 n. 100 A ug.
A 9 4 b. 93 A u g.

110

Feb.

119 % Apr.

8 3% Feb.
101 M ar.
111 Jan.
109 Jan.
98% Jan,
120 D ec.
108% Feb.
1.23% O ct,
L06% A pr.
L27% Jan.
109% Jan.
83 N ov.
5 0 % Jan .
113 M ar.
115% A p r.
102 Jan .

R a il r o a d

and

Mis c e l , B onds . 'Inter

IO loPng\ R a n g e
P r ic e 1

\
Period. Dec. 29

( s a le s ) i n 1 89 3 .

~

L o w est.

P ig/vest.

P a o o f M o.—2<5 e ’5itieii.5s.l93>5 J & J 104 a. 103 N ov. 108 % Jan,
M onlle A O nio—N e w , 6 g . . i 9 2 7 A A V 110 b. 108 Sept, 1 1 5 % Apr
G eneral m ortga ge, 4 -s... 1 9 3 8 !M & 8 6 o a .1 4 4 J u ly
6 3% Dee.
Nash. Cb. A 8 t.jL .~ l3 t, 7 6 .1 9 1 3 J & J 130 a. 117 A u g. 130 Jan,
C on., 5 g ........................... .1 9 2 8 A & O "101 b. 100
N ov, 105 P e l.
N .Y . C ent.—D eb t E x t ., 4s. 1905 M & N 101
I 97 A ug. 103 Mai.
1st, co u p o n , 7 s . . . ............1903; J & J 125 % b . 116 July 1 2 5 % Dec.
D e b e n .,5 s , co u p ., 1 8 S 4 ..1 9 0 4 jM & 8 107 b. 101
A ug. 108*s Jan.
N. Y.
H arlem —^ s.reg.lOOO .M & N 116 b. 114% A it
T
1191® P el.
R . W. & O g d .'-C o n ., 5 s ..l9 2 2 | A & O 113% (303 J u ly *15 Feb.
N .Y . C blc. & 8 t, L.— 4 g . . . 1 937 A & O 97%
8 9 % A u g.
99% Feb.
N. Y . E leva ted —7s ............1 906 J & J 113% 105 J u ly 1 1 3 % Dee.
N. Y .L a o k . A W.—1 st, 6 8 ..1 921)4 & J 1 3 0 % b J ll7 % A ug. 13 1
Feb.
C o n s tr u c tio n ,5 s . . . . ......1 9 2 3 F & a 111 b. 105 Oct. 114
Ja r.
S .Y .L .E A W .-I 3 t ,c o n „ 7 g .l 9 2 0 M & 8 139 b, 1 2 0 % Aug. 139>a Ja r.
2 d co n so l., 6 g ...................1969 J & D
3 b. 53 July 105 Feb.
L on g D ock C o n so L ,6 g . . . 1935 A & O 12 3% b. 119
Oct. 125 Feb.
S, Y. O. & W .—R e f. 4 s, g . .l 9 9 2 M & 8 82%
76 Aug. 86 >s Feb.
fe
C onsol. 1st, 5 g ............... ,1 9 3 9 J < 0* !0 7 % b . 97% Aug. 109 Nov.
M .Y.8us.& W ,—l s t r e f .. 5 g .1 9 3 7 * & J t05 % b . 98 July 107*2 Mar.
T
M idland o f N. J ., 6 C ....1 9 1 0 A & 0 116 b. 107 Aug. 12 0 % Mar.
Norf. A v r.— 100-year, 5 g .1 9 9 0 J & J 90
\
8 1 % May 90 Jan.
M d,&W ash. D iv .- ls t ,5 g.1941 J & J S3 a. 80 July
91 Jan. *
N orth .P a c.—1 st,c o u p .,6 g . 1921 J & J 110
100 Aug. 118 Feb.
G eneral, 2d, co u p ., 6 g , .l S 3 3 A & 0 88 a. 80 Aug. 115
Feb.
G en eral, 3d, co u p ., 6 g . . 1937 J & D 64% a. 60 Aug. 108
Feb.
C onsol, rn o rt.,5 g . . ____ .1 9 8 9 J & D 23
24 % Aug. 74 Feb.
Col. tr, g o ld n otes, 6 s . . . 1 898 M A N
93 June 95 July
Chic, A N. P .— 1st, 5 g .,.1 9 4 0 A & O 4 2%
3 5 % Aug. 80% Feb.
North. P a c. & M o n .—6 g . . . l 9 3 8 M & 8 30
30 Deo. 89% Feb.
S orth. P a c. Ter. C o.- 6 g . .! 9 3 3 J & J 85
82 Nov. 104 Feb.
O hioA M i6S.—C o n s .s.f.,7 s . 1898 J A J 109
102 Aug. 1 1 2 Feb.
C onsoL , 7 s . . . . . . . ..............1898 J & J 109
103 Aug 11 0 % Mar.
D h io8 ou th ern ™ let, 6 g . . . l 9 2 l J & D 95
93 Dec. 109 Jau.
G en eral m ore., 4 g . , . . . . . 1 9 2 i M A N
£0
40 Aug. 64 Jan.
>maha A St. L ouis—4 g . ,.1 9 3 7 J A J 40
3 6 % Dec. 68 J an.
Oregon Im p. Co. - 1 s t , 6 g . 1910 J A D 97
90 Aug. 105 Feb.
C onsol., 5 g . . ......... .1939 A A O
49
32 Aug. 67 Feb,
O re .R.A N a v .C o . - l e t , 6 g . 1909 J A J 103 %b. 97 Oct. 11 2
Mar.
C on soL ,5 g . . . ................... .1 9 2 5 J A D 60 b. 60 NOV. 9 1 % Feb.
P enn sy'lvaiiia—4s, g ___ .1 9 4 3 M A N
10 2 % July 103 July
Fa, C o.—4 % g., c o u p o n ....1921 J A J 110 b. 102 July 1 1 0 % Apr
P e o .D e o .A E v a n s v .—6 g . . l 9 2 0 J A J
75 Oct, 104 Mar
E v a n sv ille D iv ., 6 g . . . . l 9 2 0 M A 8 *73 b. 75 Deo. 105 Feb.
2d m o r t . , 5 g . . . . ................1926 M A N
24
24 Dec. 72 Feb.
^hiia, A R ead.—G en., 4 g .1 9 5 8 J A J 67
59% Aug. 8 5% Jan.
1st pref. in co m e , 5 g . . . . . 1958
30%
20 Ju ly 76t8 Jan.
2d pref. in co m e , 5 g . ... .l 9 5 H
19 %
1 4 % Aug. 70 Jan.
3d p ref. in oonie, 5 g ___ .1 9 5 8
•5
1 L J uly 0238 Jan.
Fittsburg A W estern—4 g . 1917 J A J 87 a.
2 Aug. 88 Apr.
Rich A Dan v ,—C on ,, 6 g . . l 9 1 5 J A J 109
102 AUg. 1 1 1 % Nov.
C onsoL , 5 g ........ .................1936 A & O *f 65 b. 60 Aug. 78 % Mar.
ctich.AW, P .T er.-T ru st,6 g. 1897 F A A f 40
140 Aug. 83% Feb.
Con. 1st A col. trust, 5 g . 1914 31 A S 117 b. 115% Aug
52 Feb.
etto G. W estern—1st, 4 g . .l 9 3 9 J A J 69%b.
Aug 78 Feb.
it. Jo. A Gr, Island—6 g . . 1925 M A N 6 9 % l
Nov. 96 Jan.
i t L. A Iro n Mr. 1st ext. 5a.’ 97 F A A U )t b.
Am?. 10 3 % Jan.
2d, 7 g ..................................1897 M A N 103 a.
A uk. 109 Apr,
C airo A rk. A T e x a s. 7 g . . l 8 9 7 J A D 95 b.
Sept. 104*% Mar.
Gen. R’ y A la n d g r ., ft g . . 1 9 3 1 A A O 72
A lift. 90*k Jan,
*t.L. A San F r.—6 g.,C L B .19o*j M A N 10 L
99 Dec. 1 1 1 % Apr.
6 g., Class C ...................... 1906 M A N »o o %
99% D bg. 1 1 4 % Apr.
G en eral in e rt,, 6 k ___ . . . 193 i J A J *78 b. 94 Dec. 1 1 1 % Apt
it. L. S o.W est,— 1st, 4 s , g .. 19891M A fc 55
50 A uk. 68 Apr.
2 d ,4 a ,g ,, Incom e . . . . . . . . 1 9 8 9 J A J 18 a, 12
July 28 % Feb.
a V M .A M ,—D ak. E x ., 6 g . 1 9 10 M A N" U 5%b.
Aug. 11 9 % Apr.

A J * 120% il. H I AUg. 1 2 3 % .Mar,
let consol., 6 g . . .. . . ....19 3 3
A J *101 b. 97 Aug. 10 3 % Apr.
do
reduced to 4 % g. .
& D 89
Montana Extension, 1 g.1937
79 Aug. 92 Nor.
A J
‘an A. AAraa. P.—1st,6 g .1916
155 Sept. 76 Mar.
A J 53%
1st, 4 g .g u ......................1943
52 Aug. 60 Aug
A A f oO a 40 Aug. 9 2% Jan.
Seattle L.8.AE.—Ist.gu, 6.1931
iec’ty Corp, (N.Cord.) 1st con.6s M A N
70 May 99 Apr.
lo .Car.—1st, 6 g.,ex ooup.l92o
107 %b. 105 May 108 Nov.
A
m. Pac., A nz.—6g.......1909-10
94 b. 92 Oct. 100% Jan,
A
io. Paeiiic.Cal.—6 g . . . . 1905-12
LOALj Oofc. 115 Feb,
A O 89
1 st, consol., gold, 5 g..„.1938
89 Deo. 9 7% Jan.
A J 96
io. Pacidc, N, M.—6g.........19 11
9 J Nov. 10 5 % Feb,
A U
t'enn.C.I. AR y.—T e n .D .,lst,6g
74 Aug. 95 Feb.
A J 80
Birm. Div., 6 g .,............ .1917
70 July 95 % Jan,
A D 73
Cex. A Pac.—1st, 5 g.......... 200o
59 July 81 Jan.
2d.iuoome, 5 g— .......... 2000 March. 18%b. 13 Ju ly 29 % Jaa.
TOLA. a . A N . M .-6 g .......192* .MA N
103 Jan. 10 8% Jan.
i'ol, A Ohio Cent.—5 g ....,19 3 o J A a 10!)
100 Aug. 109 Apr.
Col. Peo. A West.—4 g .......1917 J A J SOMb. 70 Sept 86% Dee.
A D 59 %t>. AS AUg. 90 ti J an.
L'oi. 8t* JU A Kan, C.—6 g .. 19 lc
A J IOti b. 102 AII g. 1 1 0 % Jan.
jniou Paoido—6 g .... .....18 9 9
Dec. 100 Nov.
BiaBingfund. 8s.. . . . . . . ..189y M A C 100 a.
Collat. trust 4 % ..............19 1b M A N 49 1),
July 7 3 % Jao.
Gold 6s, coL trust notes. 1894 F A A 80 b. 72*s Au; 10 2% Jan,
Kan. Pao.-Den. D iv,-6 g.1899 M A N l o t i ’s a. 100 Auv. 1 1 3 % Apr
1 st consol., 6
....1 9 19 M A N 8 7 1 77 Oct. 1 1 2 % Apr.
).
Oregon Short Line—6 g ..l9 2 2 F A A 75
70 Oct. 109 Jan.
Or.S.L.A0t'hN.—Con.5 g.1919 A A O 46 i 45*9 Xov. 80% Jan.
U.P.Den.A Gulf con. 5g.l939 J A D 40
39*2 Aug. 7 5 % Jan. 1
Onion Elevated—6 g.........1937 M A N 90 1 93*2 Dec. 1 1 7 % Apr.
M A N 71 1 70 Deo. 86 Apr.
Virginia Mid.—Gen, m.,5s, 1936
Dee. 86 Apr.
do
stamped guar. M A N 71 1
July 10 6 % Apr.
Wabash—1st,O g ................1939 M A N 10 0 %
2d mortgage, 5 g .......« 19 3 9 . F & A 72%
July 8 2% Jan.
Ju ly 39 Jan.
Debent. M., senes B .....19 3 9 J & J 20
Ju ly 10 4 % Dee
West Shore—Guar., 4a. ....2 3 6 1 J & J 104
Auj 105 Feb.
West. N. Y. A P a —let, 5 g.1937 J & Jl'10 2 b.
Am
33 Jan.
2d mort......... — ............19 2 7 A & O * 34
Aug. 1 0 ? % Dee.
& J 109*2
West. IJn .T e L -C o l. tr,,5s. 1938 J
Aug. 92% Jan.
Wla. Cent, Co.—1st, 5 g „ ...19 37 J &
71
Sept. 36 Feb.
Income, 5 g .....................19 3 7
13

; " a " price m l.a t; the Kang* in made up iron) actual sales only.

* Latest price Urn week,

i Trust receipts.

N E W Y O R K S T O C K E X C H A N G E P R I C E S —(C o n tin u e< U . — I N A C T I V E B O N D S — D E C E M B E R 2 3 .
BBCtJBITEES.

R a ilr o a d

Bid.

Agk.

B o n d s.

f Block Exchange price*.)
Alabama Mid.—1st, g,, m a r..1928
o
A. % & tt, F.—2d, 4s, Class 3 .1 0 8 9

OoL Mid, lat, g., 6s. __ . . . . 1038

A'-Iantie A Dan.v*— 1st g., 6 s.. 1917
AIL A P a c.—2d W , T x, gu. 6.%,. 1907

. 9u

Bait. <k Ohio—1st, 6s, Park B .19 I9 112
§#, gold....... ....................... ..19 25 1 1 2 % ! .. .

SHCTJBEEEEB.

Bia. Ask.

B, AO.— ions.mort., gold.5a. 1988
W, Va. & Pitta.—1st, g., 5s.. 1990
B. A O, 8. W., 1st, g., 4E»h. - . 1990
Monon. River, 1st g.Tg. 5a... 1919
Cental Ohio JReor.—1st, 4 ht&. 1930 1 0 2 i
Ak,&Oh. Juno.—lst,g,5a,g».1930
Boat. H. Tun, < W .-D cb . 5 s .l9 I3 *9§”
fe
Brooklyn Elevated—2d, 3-59.1915
Brunswick & W'a—1st, g. 4.8,1938
Bufl. R" h. & Pitts.—Gen., 58.1037 ........

*&q pries Friday; these are the latest qaotatloas made this week.

SB O TK ITIB S.

........ B.B.& P.—Boch. » P., 1st, 68.1921
Roch. & F itts —Cons. 1st, 6s.l 932
Burl Ced. Rap.&No.—1st,5s. 1906
Consol. & collat. trust, 5s. ..1934
Minn. & St. L .—1st, 7s, gu ..l9 27
1*0
*3
Iowa C. & West.—1st, 7s.... 1909
103
Ced. Ran. I. F . & S ., 1st, 63.1920
80
C.Oblo—Col. *Cin.M .lst,4%s,1939
Oent. RR. dAF.ank.~Gol, v.5a 1937
m

Bid.

Ask.

12 2%
115 1 1 7
01
*1 0 1 % 1 95 %
115
100
90
85
95
*70

85

I'HE CHRONICLE.

1118

rVGL. LVH .

NEW YOKE STOCK EXCHANGE PRICES.—INACTIVE BONDS—rContinuedJ—DECEMBER 29.
8ECURITIB8.

Bid.

ABk.

C. B. & B.-Cbat.B.&C.,gtd.g.l937
Cent, of N. J.—Cony, del)., 6a.1908
Central Pacific—Gold bds, 6s, 1895
Gold bonds, 6s.......................1896
Gold bonds, 6s.......................1897
Ban Joaquin Br., 6s.............. 1900 ‘ 105
Mort. gold 5s.......................... 1939
Band grant, 5s, g................... 1900
C. & O. Diy., ext., g. 5s....... 1918
107
West. Pacific—Bonds, 6s___1899
No. Kailway (Cal.)—lBt, 6 s.1907
91
50-year 5s............................1938
Cbes. & O —Pur. M.fund, 6 s.1898 109
117^
6 b, gold, series A ................... 1908
Craig Valley—1st, g., 5s-----1940
Warm Spr. Vab, let, g. 5 s ..1941
Chee. O. & So. West.—1st 6s, g-1911 103
50"
2d, 6s................................. -.1911
Ob.V.--Gen.con.lst,gu.g,5s.l938
Chicago & Alton—S. F., 6s---- 1903
4
Bonis. & Mo. Kiver—1st, 7s.1900 i l T i i 6 r
2d, 7s.................................... 1900 111
Bt. B. Jacks. & Chic.—1st,7S.1894 102
Miss.B. Bridge—1st,s. f., 68.1912 102
Chic. Burl. & Nor.—1st, 5s___ 1926 102
Debenture 6s................
1896
Ohio. Burling. & Q.—5s. s. f..l9 0 1 100
Iowa Div.—Sink, fund, 5 s ..1919 106
94
95
Sinking fund, 4s..................1919
84
Plain, 4s..................................1921 *79
101
Chie < Indiana Coal—1st 5s. 1936
fe
Chi. Mil. & St. P.—1st,8s,P.D. 1898 116*2
120
2d, 7 3-108, P. D ................... 1898 *
124
1st, 78, $ g„ K. D ................... 1902 v
*116 120
1st, I. & M., 7s.......................1897
120
1st, I. & D., 7s.......................1899
130
1st ,C. & M ., 7s.......................1903
1st, I. & D. Extension, 7 s ...1908 129 ........
1st, Ba C. & Dav., 5s............ 1919
1st, H. & D .,7 s ..................... 1910 * 124
1st, H. & D., 5s.....................1910 102*4
Chicago & Pacific Div., 6 s ..1910 115
Mineral Point Diy. 5s.......... 1910
104*2
C. & B. gup. Div., 5s.............1921
Fargo & South., 6s, A ssu... 1924 112 .......
Inc. conv. sink, fund, 5s___ 1916
Dakota & Gt. South., 5s___ 1916 104
Mil. & Nor. main line—6 s ...1910 *113*s
Ohlc.&N.W.—30 year deb. 5s, 1921 *104*4 1071,
Escanaba & B. 8.1st, 6s___ 1901
Des M. & Minn.—1st, 7s___1907
Iowa Midland—1st, 8s.........1900
Peninsula—1st, conv., 7 s ...1898
Ohio. & Milwaukee—1st, 7 s .1898
115
Win. & Bt. P —2d, 7s.............190? 128
130
Mil. & M ad—1st, 6s............ 1905 110k
Ott. C. F. & 8t. P.—1st, 5 s .-1909 *105
Northern 111.—1st, 5s.........1910
105
Oh.Peo. &St.B.—Con.lst,g.5s.l939
94
O.B.I.&P.-D.M.&F. D. 1st 4s. 1905
1st, 2%s................................1905
Extension, 4s..................... 1905
Keokuk & Des M.—1st, 5 s ..1923
Chicago & St. Bouis—1st, 6s..1915
Ohio. Bt. P. & Minn.—1st, 6 s ...1918 123
Bt. Paul &8. C.—1st, 6s.......1919 124
Ohio. & W. Ind.—1st, b. f., 6 s .1919
General mortgage, 6s.......... 1932
Ohio, & West Mich.—5s...........1921 *50
(Tin Ham. & D.—Con. s. f., 78.1905 118
2d, gold, 4ifiS.......................... 1937 *93
96
Cm. D. &Ir’n—1st, gu. 5s, g. 1941
93** 96
Cloy. Ak. & Cob—Eq. & 2d 6S.1930
CJ.C.C. & Bt. B., Cairo diy.—4s, 1939
St.Oou.Div.—lsteol.ts’t4s,g. 1990 90
Bpring.&Col.Div.—lst,g. 4s. 1940
WhiteW.VaLDiv.—1st,g. 4s. 1940
81
Cln.Wab.&M.Dlv.—1st,g.4s.1991
90*2
Oln, I. St. B. & C.—1st,g., 4s. 193 6 91*2
ConBOl , 6s............................... 1920
Oin.8an.&Cl.—Con.lst,g.5s, 1928
107
01.001. Cln. & Ind.—1st, 7s,s.f.l899 113
Consol, sink, fund, 7s.......... 1914
Cleve. &Mah. V.—Gold, 5 s ...1938 109
Columbia* Green.—1st,6 s ...1916
2d, 6s....................................... 1926
Del. Back. &W.—Mort. 7s___ 1907 130 132
Byra. Bing. & N. Y .—1st, 7s. 1906
Morris & Essex—1st, 7s___ 1914 138 133*a
Bonds, 7s............................. 1900
7s of 1871............................ 1901 119
1st, con., guar., 7s.............1915 137 140
Del, & Hud. Can.—Coupon 7s,1894 1011 * 104i*
Pa. Diy., coup., 7s................ 1917 138
Albany & Susq.—lst,gu.,7s 1906 127** 128*3
1st, cons., guar., 6s..........1906 1L5 118
Beus. & Bar.—1st, coup., 7s .1921
1.44
Denver City Cable—1st, 6 s ...1908
Denv. Tramway—Cons. 6s, g.1910
Metropol. By.—lst.gu. g .6 s .l9 tl
Deny. & B. G.—Imp.,g., 5 s ...1928
70
Duluth & Iron Bange—1st 5s. 1937
B. Tenn. Va. & Ga.—1st, 7 s ...1900 109*2
Divisional os.......................... 1930 *105
1st ext., gold, 5 s ................... 1937
5a- ...................1938
Mobile & Birm.—1st, g .,5 s..1937
82
Alabama Central—1st 6 s...1918 *90
Brie—1st, extended, 7s.......... 1897 108 >
*
Sd, extended, 5s.....................1919 110*2
8d, extended, 4i£S................. 1923 106 *2 108
4th, extended, 5s..............
1920 109
5th, extended, 4s................. 1928 99
993<k
1st, con., g.. i'd, 7 s .............. 1920
Keorg., 1st lien, 66................ 190 s
B. N. Y. & E.—1st, 7s.......... 1916
N. Y . B. E. & W.—Cob tr.,6s,1922 i i o "
Funded coup., 5s....................1969 "70
Buff. & 8. W.—Mortg. 6s___1908
100
Jeflerson—1st, gu. g. 5 s ___ 1909 . . . . . . iOO
Coal&BB.—6 s . . . . . . . . .
1922'
Eureka Springs—1 st, g., 6s” ! l 933 >
Javans. A T.H.—1st,cods.,6s .. 1921 * 1** " i ’iV
ii7
1
)‘4
t fit, general, g.. 5a ............... 1049
95 100

SECURITIES.

Bid.

Ask.

E.&T.n.—Mt. Vernon let 6s .1923
Sul. Co. Br. 1st, g., 5s.......... 1930
Ev.ARich.—I8tgen.5s,g.gu.l93t
Kvans. A Indian.—1st, cons..1926
Flint A P. Marq.—Mort., 6 s ...1920
1st con. gold, 5s.................... 1939
Port Huron—1st, 5 s ............ 1939
Fla. Cen A Pen.—ls t g. 5 s ....1918
1st con. g , 5 s ........................1943
Ft Wortli A R. G.—1st g., 5s.. 1928
Gal. Har. A San Ant.—1st, 6 s.1910
Gal. H. AS. A .—2d mort., 7 s ..1905
Mex. & Pac. Div., 2d 6 s ---- 1931
Ga. Car. & Nor.—1st, gu. 5s, g.1929
Ga. So. < Fla.—1st, g. 6s.........1927
fe
Grand Rap. & Ind.—Gen. 5s.. 1924
G. B. W. A St. P.—2d inc. tr. rects.
Hoii8atonic—Cons, gold 5s— 1937
N. Haven & Derby, Cons.5s..1918
Hous. AT. C.— Waco A N. 7s..1903
1st g., 5s (int. gtdj............... 193
Cons. g. 6s (int. gtd)............. 1912
Debent. 6s, prin. A int. gtd. 1897
Debent. 4s, prin. A int. gtd.1897
Illinois Central—1st, g., 4s ...1 9 51
1st, gold, 3*28........................ 1951
Cairo Bridge—4s................... 1950
Spring! Div.—Coup., 6s___ 1898
Middle Div.—Reg., 5s.......... 1921
C. St. L .A N . O.—Ten. 1., 7s.lS97
1st, consol., 7s.....................1897
2d, 6s..........'........................ 1907
Gold, 5s, coupon................ 1951
Memp, Div., 1st g. 4s....... 1951
Dub. A S. C.—2d Div., 7 s ... 1894
Ced. Falls & Minn.—1st, 7s. .1907
Ind. D. A Spr.—1st 7s, ex. cp.1906
Ind.D. AW.—1st 5s, g.,tr.rec..l947
2d, 5s, gold, trust receipts.. 1948
Inc. M. bonds, trust receipts---Ind. Ills. A Iowa.—1st, g, 4s. 1939
Int. AG. N’n—18t,6s,g................ 1919
Kings Co.-F.El.,lst,5,g.,gu.A.1929
Lake Erie A West.—2d g., 5s. 1941
L. S. A M. S o—B.AE.—New 7 s.’98
Det. M. & T.—1st, 7s.............1906
Lake Shore—Div. bonds, 7s. 1899
Kal. All. & G. R.—1st gu. 5S.1938
Mahon’g Coal R R .-ls t, 5s. 1934
LehighV.,N.Y.—1st gu.g.4*29.1940
Lehigh V.Term.—1st gu, 5s,g. 1941
Litchf. Car. A West.—1st 6s. g.1916
Long Island—1st, 7 s ................ 1898
N. Y. A R ’wayB.—lst,g . 5s.l92'~
2d mortg., ino..................... 1927
N.Y.&Man.Beach.—1st, 7s, 1897
N.Y.H.&M.B.—1st con. 5s,g.l935
Brookl’nAMontauk— 1st,6s. 1911
1st, 5 s .................................. 1911
Louis.Evans.ASt. L.—Con.5s.1939
Louis. & Nash.—Cecil. Br. 7s.. 1907
E. H. & Nash—1st 6s, g ....l 9 1 9
Pensacola Division, 6s.........1920
St. Louis Division, 1st, 6 s... 1921
2d, 3s.................................... 1980
Leb. Branch Extension .. .1893
Nashv. & Decatur—1st,7 s.. 1900
8. f.,6s.—S. & N. Ala........... ,1910
10-40, gold, 6s.......................1924
5 0 -year 5s, g.,........................ 1937
Pens. A A t .- 1st, 6s, gold... 1921
Collat. trust, 5s, g ................ 1931
Lou.N.Alb.ACh.—Gen.m.g.5s.l940
Manhattan Ry.—Cons. 4s.......1990
Manito.S. W.Colouiza’n—5s ,g. 1934
Memphis A Chari.—6s, gold.. 1924
1st con. Tenn lien, 7s.......... lb 15
Mexican Cent. Consol.—4s, g.1911
1st, cons, income 3s, g.........1939
Mexican National—1st, g., 6s. 1927
2d, income, 6s, “ A” .............. 1917
2d, income, 6s, “ B ” ............. 1917
Michigan Central—6s.............. 1909
Coupon, 5s........ * ................... 1931
Mortgage 4s............................ 1940
Bat.C. AStrgis.—lst,3s,g.gu. 19 39
Mil. L. 8.AW.—Conv. deb., 58.1907
Mich. Div., 1st, 6s..................1924
Ashland Division—1st, 6s ..1925
Incomes......................................
Minn. A St. L.—1st, g. 7s.........1927
Iowa Extension, 1st, 7s.......1909
2d mortg., 7s.......................... 1891
Southwest Ext.—1st, 7s.......1910
Paciiic Ext.—1st, 6 s ............1921
Irapr. A equipment, 6s.........1922
Minn. A Pac.—1st mortg., 5s. 1936
Minn.St.P.AS.S.M— lst c.g. 4s. 1938
Mo.K.AT.—K.C.AP., 1st, 4s,g.l990
Dal. A Waco—1st, 5 s,g u .... 1940
Missouri Pacific—Trust 5 s ... 1917
1st coll., 5s, g .........................1920
8t L.A1. M.-Ark.Br.,1st,78.1395
Mobile A Ohio—1st ext., 6 s... 1927
St. L. A Cairo—4s, guar....... 1931
Morgan’s La. A T.—1st, 6s___192u
1st, 7s....................................... 191b
Nash. Chat. A St. L.—2d, 6 s ..1901
N. O. A. No. L. -Pr. 1., g., 6 s..1915
N. Y. Central.—I'eb. g. 4s___ 1905
N. J. June—Guar. 1st, 4 s ... 1980
Beech Creek—1st, gold, 4 s..l9 3 o
Osw, A Rome—2d, 5s, g.,gu. L9l5
Utica A Bl. Riv.—4s, g., gu.1922
N. Y. N. H. A H.—1st, rev 4s. 1903
N. Y. A Northern—1st, g 5*. 1927
2d, 4s................................. ..1927
N. Y. Susq. A West.—2d, 4*28. 1937
Gen. mort., 5s, g................. 1^40
N. Y. Tex. A Mex.—ist,4s,gu.l9li
North’n Pacihc—'Divid’d scrip ext
James River Vai.—1st, Os...1930
Spokane A Pal.—1st, 6s.......1930
K . P 111 .0 K. P - •. n .U 1•
IT w
»

*95

100

No price Friday; these aie the latest quotations made this week.

SECURITIES.

Bid.

Northern Pacific—(Continued.)
Helena ARedM’ 11—1st,g., 6s. 1937
Duluth AManitoba—1st,g.6sl 936
109*2
Dul.AMan Dak.Div.—Ist6s.l937
119
Coeur d’Alene—1st, 6s, gold. 1916
Gen. 1st, g., 6s.................... 1938
80
96
Cent. Washington—1st,g.,6s. 1938
Norfolk A South’ n—1st, 5s,g. 1941
Norfolk A West.—General, 6s. 1931
60*2
New River, 1st, 6 s ................ 1932
103
Imp. A Ext., 6s.......................1934
Adjustment M.; 7s................ 1924
Equipment, 5s........................1908
Clinch Val. 1st 5s..................1957
RoanokeASo.— 1st, gu. 5s, g.1922
Scioto Val. A N. E —1st. 4s.. 1990
12** 20
Ohio A Miss—2d consol. 7 s ...1911
T 121
*
Spring.Div.—1st 7s............... 1905
General 5s............................... 1932
104
Ohio River RR.—1st, 5s.......... 1936
107
105
Gen, g .,5 s............................... 1937
102 Oregon A Califor.—1st, 5s, g.1927
93
Oreg. R yANav.-Col.tr. g..5s. 1919
Pan. Sink.F’d Subsidy—6s, g. 1910
107
Penn.-P.C.CASt.L.Cn.g.4 *28A 1940
97*2
Do
do
Series B .........
P.C.AS.L.-lst,c.,7s................ 1900
107
Pitts. Ft. W. A C.—1st, 7s... 1912
107
2d, 7 s ...................................1912
T08
3d, 7s.................................... 1912
1093s
Ch.St.L. AP.—1st,con.5s,g .. .1932
Clev. A P.—Cons., s. fd., 7 s .1900
Gen. 4*28, g., “ A” .............1942
St. L .V .A T . H.—1st,6s., 78.1897
103
2d, 7s.................................... 1898
90
2d, guar., 7s........................ 1898
Gd.R. ALExt.—lst,4*23,G.g. 1941
Peo.AE.-Ind.B.AW.-lst,pf.7s.l900
Ohio Ind.AW.—lstpref.5s.-1938
.......
Peoria A Pek. Union—1st, 6s .1921
75
79
2d mortg., 4*23.......................1921
Pitts. Cleve. A Tol.—1st, 6s... 1922
*75
85
Pitts. A L. Er.—2dg. 5s, “ A” . 1928
99*s 101
Pitts. Me. K. A Y .—1st 6s___ 1932
11 L
*4
Pitts. Painsv. A F.—1st, 5 s ... 1916
127
Pitts. Shen. A L. E.—Ist,g.,5s.l940
112*2
Pitts. A West —M. 5s,g 1891-L941
108
Pitts.YT
’gst’nAA.—1st, os,con. 1927
110*2 112
Pres. A Ariz. Cent.—1st, 6s, g.1916
97
2d income 6s.......................... 1916
Rich. A Dan v.—Debenture 6s. 1927
108
95
Equip. M. 8. f., g.f 5s.............1909
108
Atl. A Char.—1st, pref., 7 s.. 1897
do.
Income, 6s___ 1900
371
*
Wash.O.AW.—lst,4s,gu.cy.,1924
Rio Gr. June.—1st, gu., g., 5s. 1938
103
Rio Grande So.—1st, g., 5 s ... 1940
St. Jos. A Gr. Is.—2d inc.........1925
Kan. C. A Omaha—1st, 5 s.. 1927
St. L. A. A T.H—2d pref. 7s.. 1894
60
103
2d m.inc. 7s............................1894
Dividend bonds..................... 1894
Bellev. A So. 111.—1st, 8 s ...i8 9 6
108
.........
Bellev. A Car.—1st, 6s.......... 1923
Chi.St.L. APad.—lst,gd.g.5s 1917
St. Louis So.—1st, gd. g. 4s. 1931
do
2d income,5s.1931
i i i *2 116*
Car. AShawt.—1st g. 4s-----1932
90 100
St. L. A S. F —2d 6s,g., cl. A . 1906
*95
Equip., 7 s ............................. 1895
General 5s............................... 1931
*94
1st, trust, gold, 5s..................1987
9*6"'
Consol, guar., 4 s ..................1990
*59
62*2
Kan. City A‘8.—1st, 6s, g ...l9 1 6
93 *6 94
Ft. S. A V. B. Bg. -1 st, 6 s ... 1910
Kansas Midland—1st, 4s, g. L937
*50
St. Paul A Duluth—1st,5s-----1931
110
2d mortgage 5s.......................1917
St. Paul Minn A M.—1st, 7 s ..1909
2d mort., 6s..............................1909
Mmneap. Union—1st, 6s___1922
Mont. Cen.—1st, guar., 6 s.. 1937
1st guar. g. 58-----; ................. 1937
East. Mmu., 1st div. 1st 5s.l90o
IL2-*
San Frau. A N. P.—1st, g., 5S.1919
South Carolina—
2d, 6s...........1931
Income, 6s............ ...............1931
So. Pac. Coast—1st, guar.,4s. 1937
124
Ter.RR.As’n of St.L .-lst,4*28.1939
Texas ANew Orleans—1st,7s. 1905
Sabme Division, 1st, 6s....... 1912
115 124
Consol. 5s, g..................
1943
112
Third Avenue (N.Y).—1st 5s, 193"
no
Tol. A. A. A Cad.—6s............... 191
no
Toledo A. A. & G’d Tr.—g. 68.1921
104
Tol. A. A. A Mt. PL—6s.......... 1919
'114
Tol. A. A. A N. M.—5s, g........ 1940
T .^O .G —Kau.A M., Mort. 4s.l99o
694i Ulster A Del.—1st, cou.,6.,5s. 192o
Umou Pacific—1st, 6s.............. 189o
1st, 6s...................................... 189
1st, 6s...................................... 189»
66
lOU*4 Collateral Trust, 6a...............190»
Collateral Trust, 5s.............. 1907
Kausas Pacific—1st 6s, g ...l8 9 5
1st, 6s, g............................... 189b
C. Br. U. P.—F. 0., 7s.......... 1895
l2 l
Atch. Col. A Pac.—1st, 6s... 1905
Atch. J. Co. A W.—1st, 6s... 1905
116
U. P. Liu. A Col.—lst,g., 5s. 191s
Oreg.S.L.A U.N.,col.trst.,5a.l919
Utah A North.— Lst, 7s........ 190a
103
Gold, 5s................................ 1926
106 i l l
Utah Southern—Gem, 7 s ... 1909
*100*2 103
Extern, lst, 7s.......... ........1909
Valley K’y Co. of O.—Cou. 6s. 1921
*105
Wabash—Debenture. Ser. A .. 1939
Det. Chic. Ext. 1st, os, g .. 1910
88
No. Missouri— 1st, 7 a ........... 1895
91
St. L. K. C. AN.—R. E. AR R. 7s. 1895
8 1.Charles Br’ge—lso,6s...l90e
West. Va. C. A Pitts.—lst, 6s. 1911
IWheel. AL.E.—lst. 5s. void... 1926
47
1 »4

iY
i*s

Knr ifiiacellaa«ou> A (JnlUieil o t.»

Ask.

58
57*2
*80
95

93

105“

90
73*2
115

80
100

100

127
107
114

lOlki
101

117
137
136
110 ‘

1083s
108 109
*108 109
114
645*

83

92

103*4 104*4101
55
TOO
80
75
100
*70
*39*

40

109
Ll7

119

*99

114*'
LO
O
102

91

*32
75*e
103
104
105

115

100*2
103*2

105
106

*101
*43*

50

*45

80

85

102
106*2 107
105*4*105%
105 I........
104*« 107**

.-m page o r i n * .

THE CHRONICLE,

December 80, 1898,]

R oads,

S n u x s ln m ii
lu t e llx g e u c e .

I he I n v e s t o r s ’ S u p p l e m e n t , a pamphlet of 150 pages
contains extended tables of the Stocks and Bonds of Rail­
roads, and other Companies, with remarks and statistics con­
cerning the income, financial status, etc., of each Company,
It is published on the last Saturday of every other month—
vie., January, March, May, July, September and November,
and is furnished without extra charge to all regular sub­
scribers of the C h r o n ic l e ,
The General Quot, tions of Stocks and Bonds, occupying
six pages of the Ch r o n ic l e , are published on the t h ir d
S a tu r d a y of each month,

RAILROAD EARNINGS.
Latest E arnings Reported,
Week or Mo

1893.

1892.

Latest E arnings Reported,
WeekorMo,

ABED

J jla ilr o a d

) 1 19

Jan. 1 to Latest Date.
1893.

|

1802.

$
$
149 ,234!
143,236
O etober...
15,195
Adirondack —
13,807
Allegheny Yai. November. 170,515 2*28,793 2,265,069 2,-111,883
63,9551
77,225
11,496
Ark- M kifaoil. Oetober.
12,290
A tch .T .*S , Fe* 2d wk Dro. 701,257 741,330 37,354,94 4 37,795,937
8t, L. & Ban F 2d wk Dec. 154,150 174,298 8,287,067! 8,644,088
Agg. to ta l... 2d wk Dec. 855.407 915,628 45,642,011146,440,025
511,9341 519.103
49,423
58,966
A tla n ta * Cfear.o Septemb’r,
8 . AO. Bast tinea November. 1,491,028 1,560.476 17,440.145 18,168,904
Westera L loei N 0 vember. 491,737 572,062 5,979,808! 5,724,570
T otal______ November. 1,986,065 2,138,338 2 3 ,4 19,953 23,893,47 l
B * L *0 ,8 ou ’ w i 3d wk Dec, 117,753 128.768 6,497,5251 0,016,059
0.74 s
27f843|
26,670
Bath A
October. .,
8,246
26,537|
37,860
Blr, * A tla n (lc . November.
1,811
0,073
Bm im ljn K iev., 3d wk Dec.
33,183
39.381 1,786,020 1,841,963
56.800 3,316,493 3,123,114
60,405
finllJEoeh. AFlti M wk Dec.
............ j
.............
Buffalo & Bn&n October. ..
22,005
90,804 4,028,339; 4,133,460
Bur,C. Rap. A N 2d wk Dec.
92,446
758,595 ( ? 30,238.
46.708
49,787
Camden * A tt .. O cto b e r....
Ganadieu Paetttc 34 wk Dec. 320,000 402,000 20,393,436 20,794.2*22
31,671;
19.246
Car.Gum.GAc:h Septemb'r.
1,373
2,636
55,821
58,329
Car, M idland,... November,
5,965
5,197
Central o f G » . .,; O ctob er,,, j 403,4
614,480
............
Central o f N. J .. November.! .174.500 1 109.780 13.392,673 13,018,505
Central Pacific. October. .. ,396,350 1 ,399,900j 12,194.043 12,431,710
70,653
6,050
74.071
6,631
Central o f 8. € .. <8ej»temb‘r
134,658
15,277
133,004'
15,760
Char. d a , 4cChic. \ o vember.
N
453,484
478.142
34,505
30,583
Gfcusrlestfn&Sav [Septemto’ r.
134,512
138,971
13,000
13,500
Char.Sum.A No. {November.
46,500
50,351
5,7-52
4,675
Ch&pQua Bake.. 'October, ..
66,075
74,060
8,843
16,093
C beraw .& B arl..jO ctober..Ghm.A O h io.„. .(3d wk Bee. 162,047 200,209 9,621,098 9,720,932
187,193 207.151 1,529.715
Ches. O. A.8, \\. Angus %
___
243.479 1,996,672 1.819,871
Chic. Bur, & N o. October. ..
Chic. Bur. <i Q.JOctober. .. ,8431740 4 ,038,453 32,365,718 33,345,223
S
Chic,A Ea.it. Il». 34 wk D ec. 100,144 107,001 4,416,400 4,109,296
Chicago A Erie.|October... 448,861 254,776 2,813,958 2.299,956
74,685 100,534 4,231,923 4,951,923
Chic. Gt. West'i)-34 wk Dec.
219,659 250,394,
Chic.Mil. A m, P i 34 wk Dec. 582,100 755,558 33,101,192 34,082,567
Chi ©.AN’ thw’nh November. ,677,974 166,806 29,698,916 31,222,828
24,973
22,196
Chic. Peo.A 8 L.fc 3d wk Nov.
Chic. R'k I.A P . . (November ,539,303 ,583,996 18.140,568 17,162,8 90
845,291 965,394 7,588.815 8.360,823
Ohio,8LP.M.AO November
40,146 1,828,515 1,961,320
23.322
Chic. A W, Mich. 3d wk Dee.
05,021
63,613
4,704
5,717
Cin. G*. A Port* November.
688,043
649,249
12,624
11,920
Cin. Jack A Mae,
Dee.
<Sn.N.O. AT. P November. 333.000 346,754 3.032,937 3,856,052
Aia.Gt. Sooth. N ovem ber.1 186.000 105,513 1,612,959 1,020,860
N.Ori. A N . E. November. 161,000 134,789 1,293,745 1,185,557
<556,315
526.573
74.000
58,581*
Ala. A Vlokab. November.
502,336
495,431
71.000
61,509
Vicks. Sb. & P November.
November, 825,000 767,206 7,561,645 7,728,026
Erianger S js t.
19,045
19,065
1,02^
Cin. North w’n A November.
238,920
245,618
21.809
21,726
Cin. Ports. A V. November,
13,139
13,567
1,108
992
Col. A M a/sv November,
955,757
935,825
19,267
18,181
d e v , Ahro nAGo. :dw k Dee.
CL Ctn. Ch.&8. L. [3d wk Dec. 245.496 288,510 13,388,030 14,427,293
160,743 164,473 1,451,836 1,486,202
Pee. A East' n. jO cto b e r..
245.699
249,017
10,102
7,971
Clev. A Marietta i th w k srp ,.
32,374
48,573
6,720
4,198
Cei. Newb. A L. September,
CoL H. V. A Tot. November. 258,339 293,332 3,054,896 3,072,179
73,417
67,601
CoLSbawneeAH October. ..
27,902
23.862
2,500
2,550
Colusa A Lake. J November.
13,368
12,737
1,315
1,023
C rystal____ „ ... O ctob er,..
192,410
151.629
2,894
2,034
Current R iv e r.. 2d wk Dec.
131,900 174,300 7,558,771 8,935,113
Den v, A R io Gr 34 wk Dec.
382,728
365,938
33,004
22,179
Dee. M. No. & W November.
300,863
342,526
28,608
Det.BayC.AAip October. .... 17,008
22,605 1,163,686 1,214,853
16.322
Det,Lans: g&No 3d wk Dec.
’
34,320 1,987,227 2,120,430
21,754
DoltJthS.8. A A ti 2d wk Dec
114,150
211,471
18,520
10,304
Duluth A Wian.. jOetober. .1
M.Tetm,Ya. A Oa 3d w k Dee. 122,763 124,151 5,542,666 6,120,560
c
774,319
878,855
70,909
92,320
E lgin. JoL A Eas i fNo vember.
60,342
61,878
7,032
4,772
Eureka S;*ri um . ■ e ptemb’r.
t*
369,396
333,024
7,470
5,839]
fivana A I od’pii * 3 d wk Dec.
«
2,685
1,320
Evans. A R ic h .,'3d wk Dec,!
25,907) 1,355,840 1,265,447
23,087
Evansv, A T. H, 3d wk Dec.!
F itch b u rg .. . . . . . O cto b e r.. . j 610,554 702,432i 6,143,818 6,258,468
54,371 2,607,743 2,727,144
41,120
Flint A P.Maro-. 2d wk Dee.:
26,468
3,689
102,273
8,719,
Florence,.. ....... |
Scptemb'r.1
07,667
99,629!
JFLCeot. APaoiis Jim © . . . . . .
348,982
344,436
44,578
45,708
Ft- W. A R io O r ' November.
13,011
8,701
1,184
696
Gads, A Att, U,.(November.
33,835 1,381,543 1,457,108
36,137
Georgia KR____ 3d wk Dee.
205,010
412,779
42,502
60,880
Ga. Car’la A No O cto b e r...
690,005
734,040
60,538
70,767
Geo, So. A F la ,.. November
33,464
31,944
2.693
2,288
Georget’n A W’ ep ep tem b’r.
62,007 2,137,100 2,438,383
29,318
Gr. Rap. A Tad. 34 wk Dec.
481,814
418,164
8,910
6,766
Cin K. A Ft. W. 3d wk Deo,
84,736
50,095
1,190
592
| Traverse O ily. 3d wk Deo.
180,191
134,635
2.91!)
1,090
Mas. G. R. A l 3d Wk Dec,
63,050 2,739,904 3,155,124
37,766
■ T o ta l all lines |3d wk Dec.!
19,553,627
Q -linrt Trunk,, jW k Dec. 2 3; 345.491 395,374 19,661,783 3,381,059
73,892 4,070,734
61,900
Chic. A Gr. T r,"Wk Dec, i 0

1893.

1892.

j Jan. 1 to Latest Date.
1893.

1892.

Gr.Trunk— Con.
$
$
D stG r.H .& M . W kD ec. 16
22,019 1,074,079 1,157,053
17,628
Great Nortii’n P. M. & M. November. 1,540,156 1,642,105 12,579,011 12,328,002
East, o f Minn November. 175,886 181,315 1,244,015 1,177,191
Montana Cent November.
89,154 112.029 1,019,328 1,095,248
Tot. system. November. 1,805,196 1,935,449 14,843,354 14,600,441
Gr. P.Wal. & Br. September
2,054
16,376
1,453
17,189
G ulf& Chicago. November.
40,153
4,964
6,330
34,079
7,360
H a rtsv ille........ September
1,117
775
7,803
33,847
Hoos.Tun.&JVil. November.
3,467
2,966
32,576
Hous. E.&W.Tex November.
52,323
55.034
Humest’n&Shen November.
10,100
15,259 123,313 132,306
Hutch,&Soutk’ n August___
11,104
46,148
7,937
49,223
Illinois Central. November. 1,830,594 1,709,131 20,269,177 17,506,796
36,521 389,586 460,154
In d .D co.* West. November.
31,855
In.4 Gt. North’n 3d w k Dee.
95,367 102,144 3,983,010 4,044,803
42,022 2,037,841 1,768,950
tlnteroc, (M ex.i 4 k Deo. 16
41,606
54,632
Iowa Central. 3d w k Deo.
48,960 1,886,163 1,882,712
3,652
36,911
Iron Railway,
4.289
33,440
November.
Jack. T. & K W. November.
78,891
74,798
348,816 356,906
4,812
K a n a w h a *- ieh 3d wk Dec.
5.839
5.290
5,039 328,287 311,699
Kan.C. Cl. & 8p. 2d wk Dec.
97,754 4,454,288 4,790,219
E.C.F.S.&Mem 2d wk Dec.
78,173
26,068 1,053,982 1,068,251
K.C.Mem.& Bir 2d wk Deo.
25.566
64,987
1,443 188,516
K. C. Pitts. & G. 3d w k Dee
5,033
231,932 126,304
3,107
Kan.C. Hub.Bel I 3d w k Dec.
3,971
Kun.C.Wv,*NW 2d wk Deo.
7,015 329,594 326,171
11,473
8,638 379,802 395,637
Keokuk & West. 3d wk Dec.
6,616
72,672
75,731
7,526
L. Erie All. * S o . November.
6,572
66,160 3,407,446 3,440,039
L. Erie * West. 3d wk Dec.
64,539
L e h ig h * Hud November.
53,031
42,648 547,884 431,122
42,282
54,318
Little R ock&M . O ctob er...
3,300,292 3,342,628
Long Island— Septemb’ r.
318,523 346,761
41,330
Louis. & Mo. RIt Septemb’r.
52,508
37,535 1,703,375 1,501,405
27,801
Louis. Ev. 4 8 t.L. 3d wk Dec.
Louisv.&Nashv. 3d wk Dee. 404,940 467,060 20,017,810 21,246,810
L ouis.N .A .*C h 3d wk Dec
58,831 3,398,452. 3,191,280
52.514
493,252 584,005
~~~
Lou.St. I..* T e x November.
53,432
32,798
62,603
67,741
Macon * Birin.. November.
6,176
7,051
10.844'
9,757
1,759
Manehes * A u g . Septemb’r.
1,251
72,014' 81,427
1 720
721
Manlstiqne. ... November.
Memphis*Chas 2d wk Dec.
31,463 1,339,837, 1,375,116
31,449
[Mexican Cem. 3d wk Dec. 103,803 162,707 7,737,452 7,671,893
Mexican Inter’! Novi'lnber. 165,825 234,986 1.839.172 1,874,054
90,154 4,090,925 4,519,632
79,393
tMex. National. 3d wk Dee.
63,220 2,878,146! 2,872,327
'M exican I f way Wk Dee. 9
52,516
151,660
160,450
5,528
Mineral Kangst 2d wk Deo.
5,691
Minneap.&St.L. November
155,305 206.252 1,650,332 1,842,869
09,699 3,241,234 3.176,980
51,959
M. St.P.&S.S.M. 3d wk Dee
M o.K an.& Tex.. 3d wit Dec. 222,504 210,816 10,103,338 9,543,690
.Mo.Pac.JrlronM [id wk Dee. 457,590 501,626 24,254,265 26,806,662
8,3'
8,89?
M o b ile * Birin. d wk Dec.
Mobile & Olilb.. November. 332,776 302,587 2,989,786 3,013,954
855,489,
Mont. AMex.Uli October, .. 1 1 0 ,00 0
Nash.CU.* St-L. November. 382,037 425,045 4,350,243 4,707,162
31,272J 30,720
4 470
2,046
Nevada Central Septem br
218,340, 210,692
35,508
32,706
N. Jersey &N.T. August___
118.066 130,476
19,032
NewOrL&Ho’ u.. November.
20,739
N.Y.C .AH .R..-. November. 3,897,430 4,003,509 43,130,386 41,744,990
N. Y. L. E * W . November. 2,390,373 2.583,144 27,230,778 28,403,788
N.Y.Pa.AOiuo.. O ctob er... 707,226 075,5201 6,164,925 5,976,830
4,626,467i 4,539,635
K. Y.& N.Eug... -optetnb'r.
522,895
42,352 45,810! 543,635 3,374,239
N, Y.A North’ll. . November.
60,523 54,242 3,809,863 1,595,363
N. Y. Out. * tt . 3d wk Dec.
N.YSuaq. * W.. November. 163,241 149,820 1,643,151!
35.630 36,543| 363,024' 357,653
Norf. JsSoutU’n. O ctob er...
Norfolk & West. 3d wk Deo, 191,048 229,6971 9,764,689 9,664,574
36,010 34,982 473,669 467,527
N’the&st'n (8.C.) Sentemb’r.
North’ll Central. November. 540,498 623,008' 6,350,589 6,554,673
North'nPaoittcJ November. 1,734,838 2,392,042 22,024,652 27,040,268
2,317
Oconee* West- November.
350,143 393,69-i* 3,158,‘i d s ' 3,496,806
Ohlo JsMtss....... O ctob er..
12,497 17,748 771,525 758.635
Ohio R iver......... 2d wk Dec.
600,815
65,379 60,992 613,623, 484.635
Ohio Southern.. November.
453,531!
42,433 54,548 3,253,207, 3,282,692
Omaha A 8 t. L .. October, ..
Oregon Imp. Co. O ctob er... 350,605 350,768
243,534 166,905
18.630 17,778
Pad.Tenu.&A la. O ctob er...
178.746 155,676
16,852 2 0 4 3 5
Tenn. Midl’tL. O otober...
6,017,282 61,072.376 62,906,919
Pennsylvania... November. 5,288,152
837,332 832,679
13,557, 17,266
PeonaDec.&Ev, 3d wk Dec.
440,250 454,447
37,600; 40,506
O ctob er...
Petersburg,
_______
Phila. & E rie... O ctob er... 495,303 585,284' 4,397,475 4,383,309
2,127,430 2,248,219 18,762,607 19,101,570
Phlla. & Read’g. O ctob er..
Coal A ir. Co.c October. .. 2,923,623 2,076,865
Total both Cos. October. .. 5,051,053 4,325.083
Lehigh Valley. May........... 1,490,7811,567.463 7,132,453 6,902,235
36,756
31,459
3,930
2,107,
Pitts. M a r,* Oh. November.!
359,322
400,993
35,825
44,416
P itt.8ben.*L.E . November.'
1,343,258 1,163,518
Pittsb. & Mest O ctob er... I 144.599 124,739
’
534,758
688,697
62,770
82,895
Pitta. Cl. *X ol. October.
266,587
313.191
28,585
36,904
Fitts. Pa. * F, O ctob er...
65.150 2,531.231 2,168,807
52,666
Total system.. IthwkNov
1,222,085 1,342,185
82,729 105,103
Pitt. Yount-. A A . November.
169,371
202.905
22,791
23,108
Pt. K o v a l* A uk. Septemb’ r.
192,623
231,758
22,121
29,640
Pt.Roy.&W.Car. Septemb’r.
258,326
241,080
23,734
18,598
Quincy O .* K .0 . November.
Kieh'd * l)a n v. 3d wk Dee. 225,815 242,690
54,775
52,506
Georgia P a c.. 3 d w k D e c.
632,995
624,028
62,463
51,099
Rlch.Fr’ ksb.&P. Oetober. ..
297,594
287,702
30,48 l
25,321
Rich. * Petersb, October. ..
15,373
6,749
KloGr. South’n. 3d wk Dee.
42,000 2,204,343 2,518,906
38.000
Rio Gr.W est'u,. 3dw k Dec.
114,572
117,395
11,133
9,231
8ag.T*asooia*H. November.
78,629
77,957
8,119
7,620
Sag.Yal. & 8t. I.. October. ..
33.150 1,482,162 1,442,639
29,670
8t. L, A. & T. H 2d wk Dec.
27,438
20,093
2,685
3,668
8t.L.Ken’et*8o November.
8t.L,8imthw’rn. 3d w k Dee. 141.600 124,200 4,904,682 4,473,147
1,944,418
1,620,374
St. Paul & Dul’ th November, 151,387 217,659 1,521,083 1,345,207
San Ant, & A. P Ootober. ., 235,033 195,053
833,160
794,121
12,433
13,062
S.Fran.&N.Pae. 2d w kD ee.
481,033
450,251
50,553
37,587
8av. Am. & Mon. November.
2,212,423
2,093,812
Sav.Fla, & West. Septeanb’r,
91,557
63,326
12,548
” 8,000
Silverton............ November.
157,865
150,759
30,742
28,570
Sioux C ity * No. May
20.000 20,500 211,042 181,050
South B oun d.. November.
So. Pacific Co.
3,703,049
Gal.Har.&S.A October. .. 423,594 476,257 3,510,005
859,919
913,471
113,191 109,598
Louis’a West.. O ctob er...
613,359 609,067i 4,315,323 4,250,543
Morgan'sL&T. O ctob er.. .
203,989
35,8231 212,956
33,345
N .Y .T .* M e x . O ctob er.. .
1,373,808
T ex .& N .O rl.. O ctob er... 153,606 153,105 1,466,471 10,500,813
1,307,752 1,408,868 10,543,783
Atlantic sys.d. October... s',332 0!)!) 3,452,083 29,581,818 29,897,943
. etober...
Paoltle system O
Total o ta ll.. Ootober] ” 4',699’,701 4,860,951 40,125,601 40,398,756
OoastDivlCal.) {O c to b e r . 1,011,590' 982,26 l! 9,110,30l! 8,541,183
Bou.Div. (Gal 1

THE CHRONICLE.

r ii2 0
Latest Earning8 Reported.
I oads,
k

sVeekorMo

1893.

1892.

Jan. 1 to Latest Dale.
1893.

1892.

2 d week of Leccmbrr.

|V ol . LV1I.
1893.

1892.

*
1C
SE
rise.
*
. nviouMh rep’d 57 rVlsi 6,363.903 7,183,-39
$
Rnrl. O il. Rap. A North.
92,446
90.801
1,693,683 1,639,412
v
6i,906
7H.81
‘2
837,825 GbifMvo < Grand Trank
789,819
26,0 i 2
37.151
1,185,533 1,2< 5,299 Chicago*West Michigan
ju. jiACKM A Mackinaw
on
18.P32
11.908
13.223
16,049
"leve. Akron A Colurab.
18,181
19,267
80 2 '
84,59^
17.H23
22,01 ♦
991 339 Det Gr Flaveu A Milw.*
961.200,
18,221
22,370
f 5 9 1* 'Wroir Lans’g A North’ n
44.241
2 1 ,/o4
34.120
1,167,530 1,2 9 416 Duluth S. 8. A Atlantic...
22.717
24,0 19
935 574 Lvansv. A Terre Haute
1 ,0 10,576
interoceanic vlex.)\. ..
4. ',02 ?
41,606
2.178.10* 2.1 95.020
3 .444
MeainnisA Charleston..
31.103
7,062.240 6 733.17.
5,528
5.681
4 5/*20 viiner.«I K r.g*.................
52,205
47,660
71.6 2
l,904,352i 1,933,2s 4 Mirin. St. P. A S. Ste. W..
" n
*i'»n. A No Pacific.
1 4.662
l /,i 3
9 ‘ 6 22b
932.256
32,107
47.234
1,727,94 7 2 173.H5V Toledo 8t. L. & Kan.City.
t
60.800
73,00 J
36 >,432 Weste.n N. 1'. iS Folia..
371,945

Increase.
$
21.156
1,642

Decrease

844,032
k : Pac. Co.-co;,
208,841
k Arizona D iv .. October. .. 200,001
11,986
95.187
N evrM -vx.D lv. October. ..
89,154
11,102
Boi thC irolina. November. 111,500 122,672
1,124
918
1,271
801 thANor.Oar. September.
1,086
11.634
9,876
Bpi r.Ua. &Col. Septomjb’r.
4.391
67.503
70.948
Bta ©n Isl. R. T. November.
4,143
3,230
2.522
Btor yCl. ACMt.. October. ..
12,566
Sun mit Branch. November. 109,411 123.154
1,372
90,278
Lykena Valley November. 100,698
416
210,109 213.432
Tot’l both Co’* November
14
195,970
Texas & Pacific 3d wk Dec. 203,041
153
7,450
5,747
Tex. 8 Val&N.W November.
24.002
29.254
43,022
Tol.AOhio Centf 3d wk Dec.
1.222 0 ,0 2 0
18.955
Tol. P. A West. 2d wk Dec.
15.127
48,729
28,088
To’ .Bt. L.&K.C 3d w k Dee.
12,200
36,692
37,294
Ulster & D e l... October. ..
Union Pacific—
Total (73 ro a d s)....___ 6,S87,529 7,80 a,231
27,027
943,779
680,681 5,021.178 5.972.618
Or.S.L.AU.N October. .. 5 0 2 ,3 d
Or.Ry. AN.Oo October. .. 465.238 675,519 3.122.809 3,913,892 Net decrease (11*75 p.c.).
916,752
............
............
............
443.768 569,209 4.239.003 4,«33.3«4
U.Pao.D. AG October..
* For week euding December 16.
3*.900 1,145,971 1,2-3,012
36.200
Bt.Jo.&Gd.Isl. 3d wkDec.
All other lines. October... 1,993,012 2,432,926 16.855,371 19,72'>,52 4
3,499,57 0 4,493,269 30,196,! 34 35,469,591
Tot.TLP.8y8. October.
Net Earnings Monthly to Latest Dates.—The table fol­
82,603 140,211
826,678 1 ,1 18,-. 65
Cent.Br.AL.L. October. ..
90 4. Ido lowing shows the net earnings reported this week. A full
661,966
59.341
90,207
October...
Montana Un
27,946
23,388
2,353
2.918
Leav. Top. AS. October...
34,101 detailed statement, including all roads from which monthly
4,540
3^,055
3,984
Man. Al. A Bur. October. ..
Gr’nd total / October... 3,615,294 4,682,030 31,383,015 37,070.961 returns can be obtained, is given once a month in these
152,382
145,188
Septnmb’r.
Vermont Valley
Wabash.............. 3dwk Dec. 219.000 260,600 13,435,257 13," 93,7>-8 columns, and the latest statement of this kind will be found
43,96v>
7,803
62,561
7,485
Wab. Ches. A W . August...
125.412 140,588 1.474.810 1,494.916 in the C h r o n ic l e of December 23. The next will appear in
West Jersey....... October. ..
96.106 1,< 85,235 1,002.677 the issue of January 20, 1894.
98.324
W.V.Ceti.A Pitts November.
24^,22 i
306,23.
35,253
34,781
West Va. A Pitts. Septemb’r.
<
-----Gross Earnings.----- v,------Net Earnings.----88,758 1,119,269 1,< 6 0 ,lt0
86,091
West. Maryland. November.
1893.
1892.
1893.
1892.
60,8'in
73,000 3,384,369 3,366,466
W est.N.Y. A Pa. 2d wk Dec.
Roads.
$
$
$
$
1,401,279
27,540 1,439,168
26,615
Wheel. A L. Erie 3d wk Dec.
21,767 Canadian Pacific.a..Nov. 2,048,397 2,088.457
917,314 l,0r2,644
17,740
2,171
1.50;
WiLCliad.ACon. Septemb’r.
Jan. l t o Nov. 3 0 ....1 9 ,3 2 8 ,4 3 3 19,515,222 7,160.519 7,599,560
5b«,3c4
61,565
459,529
48.368
Wil. Col. A Aug. Septemb’r.
6,18
6 , 11?
Wrightsv.ATen. November.
Cent, of N. Jersey.a.Nov. 1,L74,569 1.109,786
479,398
418,622
Jan. 1 to Nov. 3 0 ... .13,392,673 13,018,565 5,391,903 5,384,863
* Includes Col. Mid. in 1893 and 1892 for week and year to date,
Cliic.M.ASt.Paul..a.Nov. 3,168,076 3,499,605 1.278,505 1.405,047
t Includes Milwaukee & Northern for all periods.
Jan. 1 to Nov. 3 0 ....31 ,3 25 ,8 4 7 31,768.591 10.568,939 10,495,733
§ Includes Wts. Central to September 26 inclusive for both years.
July 1 to Nov. 3 0 ....15 ,1 15 ,4 8 2 16,241,448 5,713,215 5,844,360
a Figures cover only that part of mileage located m Soutu Carolina
9,043
Current River.......... Nov.
13,650
19,479
5,104
cThe business of the Lehigh Valley and Lehigh & Wilke9barre de
77,431
Jan. 1 to Nov. 3 0 ....
147,909
33,503
partments is not included, d Includes earnings from ferries, etc.
186,200
43,214
July 1 to Nov. 3 0 ___
59,698
14,521
93,367
not triven separately, f Mexican currency, e Toi. Col. A Cm. included
for the week and since Jan. 1 in both years. /Includes only half of Ft.WorthARio G r.. Oct.
26,679
23,521
44.791
51,147
lines iu which Union Pacific has a half interest, h Includes from Sep­
84,507
Jan. 1 to Oct. 3 1 ....
298,728
304,404
88,967
tember 1 earnings of Milwaukee Lake Shore A Western in both years.
39,482
176,640
65,071
169,088
/Includes Hancock & Calumet for October only.
/Includes Ohio & Iowa Central.........bXov.
454,650
Jan. 1 to Nov. 3 0 .... 1,741,133 1,741,052
588,926
Mississippi in both years and from January 1 to latest date.
257,301
July 1 to Nov. 3 0 ___
833,478
864,640
321,547
32,671
Jack. Tam. & K. W ..N ov,
78,891
35.764
74,798
^Latest Gross Earnings by Weeks.—The latest weekly
135,133
Ay>r. 8 to Nov. 3C t...
378,565
72,389
424,223
12,907
14.303
Kan.C. Clin. & Spr..Nov.
30,022
30.890
earnings in the foregoing are separately summed up as follows1
93,187
301,00L
124,568
Jan. 1 to Nov. 30. ..
318,254
For the third week of December our preliminary statement
43,700
57,234
July 1 to Nov. 3 0 ___
140,667
144,623
144,575
122,380
457,425
covers 52 roads, and shows 12*72 per cent loss in the aggregate. Kan. C. Ft. S. A M. a Nov. 399,160
Jan. 1 to Nov. 3 0 ___ 4,298,160 4.582,701 1,028,734 1.117,839
July 1 to Nov 30___ 1,862,095 2,172,698
499,960
600,629
3d week of December. ! 1893.
Increase. Decrease.
1 1892.
234,986
81.585
98,612
Mex. International..Nov.
165,825
Jan. 1 to Nov. 3 0 ___ 1,839,172 1,8 74,054
620,207
731,550
$
$
$
$
*894,572
N.Y.L. E. A West’ n.cNov. 2,396,373 2,533,144 *754,462
Balt. A Ohio Southwest..
128,768
11,015
117,753
Jan. 1 to Nov. 3 0 ....27 ,2 30 ,7 7 8 18,403,783 *8,882,618 *8,990,367
33,L83
39,3bl
6, L98
Oct. 1 to Nov. 3 0 .. .. 5,118,490 5,341,736 *1,771,147 '1,907,786
Battaio Kocli. A Plttsb’g.
60,495
3.689
56,806
163,241
149,820
79,473
71,520
Canadian Pacific..............
3 26,000
76,000 N. Y. Sus. & W est.b Nov.
402,000
Jan. 1 to Nov. 3 0 .. .. 1,643,151 1,595,363
738.235
719,109
162,047
38.222
200,269
100,144
Chicago & East. Illinois.
107,00 L
6,857 Northern Central.b.Nov.
549,498 * 623,008
155,354
194,434
Chicago Great Western..
74,685
100,534
25,849
Jan. 1 to Nov. 3 0 .. .. 6,350,589 6,554,673 1,951,358 1,904,965
532,100
Chicago Milw. & St. Paul.
755,553
173,458 Penn, (east P. A E.).Nov. 5,288,152 6,017,282 1,696.862 1,894,104
Chic. A West Michigan...
23,322
16,9 Z4
40,146
Jan. 1 to Nov. 3 0 ....6 1 ,0 7 2 ,3 7 6 62,906,919 17,664,052 18,491,803
Cln. Jackson A Mackinaw
704
11,920
12,624
Lines west P. & E..Nov. ;Dec. 637,894
:Dec. 3S4,322
Cleve. Cin. Chic. A St. L ..
43.0 i4
245,496
288.510
;Dec. 604,331
JDee. 149,607
Jan. 1 to Nov. 30___
Denver & Rio Grande___
131,900
42.400
174,300
Detroit Lans’g A Nortli’n
6,282 Riohinond & Danv.-.Oct.
16,323
22,605
417,260
896,396 1,045,357
334,833
East Tennessee Va.A Ga.
122,763
124,151
1,388
41,148
56,295
191,114
Georgia Pacific___Oct.
189,251
Evansv. A Indianapolis.
5,339
1,631
7,470
390
3,280
689
2,522
1.320
Evansv. A Richmoud___
2,685
) ,365 8tony Cl. A C. M .. b...Oct.
14,111
26,74 L
Jan. 1 to Oct. 3 i ___
44,241
55,196
Evansv. A Terre Haute..
23,087
2,820
25,907
41,003
17,990
28.356
29,401
July 1 to Oct. 3 1 ___
36, L37
33.635
2,502
Grand Rapids & Indiana
52.007
29.31S
22,689 Summit Branch........Nov.
3,752
123,154
23,164
109,411
2,144
Cin. Rich. A Ft. Wayne
6,766
8,910
92,426
105,161
Jan. 1 to Nov. 30___ 1,167,530 l,2u9,446
............
598
592
1,190
90,273 def.13,157 def. 20,891
Lykens Valley...... Nov.
100,698
2Vlus. Gr. Rapids A Ind.
1,090
2.949
1,859
55.152
36,352
985,574
Jan. 1 to Nov. 3 0 - ... 1,010,576
Grand Trunk of Canada*
345,494
395,374
49,880
213.432 def.9.405
2,273
Intern’l A Gt. North’n .. .
Total both Co’s___Nov.
210,109
9a,367
102.144
6,777
141,513
147,578
Iowa, Central...............
54,632
Jan. 1 to Nov. 30___ 2,178,106 2,195,020
5,672
48,960
Kanawha A Michigan___
1.027
5.830
4,812
217,669
272,767
W abash.b.................. Nov. 1,134,479 1.185,776
Kan. City Pittsb. A Gulf.
3,590
5,033
1,443
Jan. 1 to Nov. 3 0....1 2 .7 6 2 ,5 5 7 13,016,488 2,938,467 3,145,092
Keokuk A Western.........
6,616
8,63«
2,022
July 1 to Nov. 3 0 ___ 6,228,501 6,534,428 1,554,446 1,789,911
Kau. City Suburban .Belt.
864
3,971
3,107
26,466
33,342
Western Maryland..Nov.
86,091
88,758
Lake Erie A Western.......
64.539
1,621
66,160
379,672
411,207
Jan. 1 to Nov. 3 0 .... 1,119,269 1,060,160
Louisv.Evansv. A bt. L ..
27,801
9,734
37,535
63,272
70,314
195,138
Oct. 1 to Nov. 3 0 ....
189,334
Louisville & Nashville...
404,940
467,060
62,120
Louis. N. Albany A Chic.
52,514
58,831
6,317
a Net earnings here given are after deducting taxes.
163,893
1,186
162,707
b Net earnings here given are before deducting taxes.
Mexican National............
79,393
16,761
96,154
c Net earniogs here given are after deducting taxes on property.
Minn. St. P. A S. 6. M ....
51,959
17,740
69,699
* Alter deducting proportion due roads operated on a percentage
222,504
210,816
11,688
basis, net in November, 1893, was $535,543, against $660,856 in 1892.
Mo. Pacific A 1ron M t... .
457,590
501,626
44,0b 6
for eleven mouths to November 30, $6,470,642, against $6,590,983, and
N. Y. Ontario A Western
60,523
54,242
6,281
191,048
38,649 for two months from October 1 to November 30, $1,289,508, against
229,697
$1,419,502.
Peoria Dec. & EvaDsv...
13,557
17,266
3,709
i Period of receivership.
Richmond A Danville...
225,815
242,690
16,875
............
i Does not include Grand Rapids A Indiana andVandalia systems
Georgia Pacific..........
52,506
54.775
2,269
Rio Grande Southern___
6,749
15,375
8,626 formerly included in the monthly statements.
............
3 a,ooo
42,000
4,000
Interest Charges and Surplus.—The following roads, In
Bt. Joseph & Gd. Island..
36,200
38,900
2,700
St. Loui3 Southwestern..
141’,600
124,200
17,400
addition to their gross and net earnings given in the foregoing,
Texas A Pacific...............
203,041
195,970
7,071
Toledo A Ohio Central...
29.254
43,022
13,768 also report charges for interest, &c., with the surplus or deficit
Toi. St. L. A Kan. City...
28.088
20,641
48,729
W abash..............................
219,000
41,600 above or below those charges.
260,600
Wheeling & Lake Erie. . .
26,651
27,540
889
—Inter’t, rentals, <C
c.— S a l . of Net Earns.—,
1892.
1893.
1893.
1892.
Total i52 roads).. . . . . . . 5,126,397 6,217,478
60,970
852,051
$
Roads.
$
$
$
2,352
6,691
6,691 def.1,587
Ret deorease (12-72 p. o.)
791,081 Current River.......... Nov.
9,755
33,459
33,459 def.18,938
July 1 to Nov. 30___
* For week ending December 23.
def.731
13,638
665
Kan. C. Clin. A Spr..Nov.
13.638
68,190
68,190 def. 10,906 def.24,490
July 1 to Nov. 30—
Our final statement of earnings for the second week of
53,668
92.096
30,284
90,907
Kan. C. Ft. 8. & M. ..Nov.
December covers 73 roads and shows a loss of 11*75 per cent, i
141,641
48,084
458,988
July 1 to Nov. 3 0 ...,
451,876

;iH E

D ecember 30, 1893. ]

CHRONICLE.

ANNUAL REPORTS.
Western Mnrjiasttl Railroad.
( For the year ending September 30, 1S03.J
Mr, J. M. Hood, in his report for the year, sava that while
the actual gross earn mgs upon the entire system were
#1,319.990, the operating expenses $315,533, and the net earnnings $504,456, it is de-rned advisable to exclude the earnings
up in the tracks of other roads in Baltimore t ) fa c iliw e com­
parison with the previous rear: hence, deducting#103.643. we
hare tctal earnings $1,216,347. The ooeratinK expenses, in­
cluding rent of Hilten Station and cost of ooerating the Balti­
more & Cumberland Valley Railroad and the B jltimore &
Harrisburg Railway, $$15,53312, and net earnings, 3400.813.
The total amount of net earnings expended in betterments
was $101,078, of which #45,256 was for equipment-.
There were moved during the year 1,146,516 passengers
and 1,382,988 tons of freight, the train performance beiag
equivalent to the movement of 22 923,3-43 passengers and
63,283,242 tons of freight a distance of one mile, which com­
pared with 1892 shows a decrease of 1,818,344 passengers and
an increase of 21,719,309 tens of freight carried one mile.
The average rates of transportation received during the
year were 1*74 cents per passenger per mile, and 115 cents
per ton per mde, which, compared with the rates of 1893,
show an increase in the passenger rate of 'l l of a cent per
passenger ;> r mile and a decrease in the freight rate of -24
of a cent per ton per mile.
Contrary to expectation, the amount pai l for us > of tracks
of other roads in Baltimore was less than in 1892, it beinsc but
#103,643 as against §115,830 for 1893, showing a falling off of
#12,187, large!? attributable to the much lighter freight
bnsiat-s-a to and from Cant m, to the temporary Joes of excur­
sion business, and to the diversion by elecric competition of
travel between Baltimore and near-by points.
T h e Baitim -re & Harrisburg Railway (Exatern Extension),
the new branch of this company’s Baltimore & Harrisburg
Divisi n. extending from Porter's Junction, live miles east or
Hanover, to the city of York, was corn oleted anil opened for
business Beph-mber 12, and has already sho ,vn itself to be a
valuable adjunct.
The last maturing note issued by the company under the
c ar Trust agreement of December 23. 1837. with the Mercan­
tile Trust & Deposit Company of Baltimore was oaid June
15 last, and the bill of sale provided for his been delivered to
thecompany, while the payments for steel rails for re-laying
the Baltimore & Harrisburg and the Baltimore & Cumber­
land Valley Railroads, the first uniformly distributed through
seven years and the second through eight years, have so far
progressed as to make the last notes payable in February, '93,
and February, '97, respectively.
Earnings and expenses of the Western Maryland lines were
as follows:
1899-90.
Bntningf from—
#
........ . . .................310,032
Ft«4*ht
.,116,805
Mail ami i»teetliaafebnsu,... 55.218
T ota l......... ...................... 812.055
OpPHifJoif ex|“ ?tJSC8....._ 534,184
_

1990-91.
§
37-4.890
435,805
89,683
904,378
571,169

1891-92.
$
-103,713
629,312
50.296

1892-93;
$
375.941
739.561
100,844

1,*‘8 3 .3 2 ! 1,2 ? 6.346
691,028
815.533

1121

for it, and the receivers are required to nay-judgments which
are found against them when not appealed from, and all pay­
ments of the receivers are to be audited and allowed by the
receivers so that they need not come into Court on every
occasion. The lieu so created for such claims shall continue
until vacated by an order of the Court on notice to the per­
sons interested. The complainants are required to prosecute
the suit of final decree without delay, otherwise the Court
will discharge the receivers. Counsel for the railroad com­
panies will secure ancillary receiverships in all the districts of
the circuit not covered by the orders made. A supplementary
hill will be filed January 5 at Topeka, asking for a foreclosure.
Judge Caldwell also appointed Judge J. B, Johnson, of
Topeka, and Mr. L. H . Reynolds, of Sr. Lou'S, special mas­
ters, respectively of the Atchison and St. Louis & Saa Fran­
cisco roads. They will be required to report from time to
time to the Court the condition of both roads.
The receivership does not include Atlantic & Pacific, Colo­
rado Midland, Gulf Colorado & Sante Fe nor Soutnern Cali­
fornia.
A despatch from Little Rock, Ark., Dscember 24, stated that
the movement to have the Atchison Topeka & Santa Fe road,
placed in the hands of a receiver originated in New York City
two weeks prior to the death of Director George C. Magoun.
When it was first definitely learned that efforts to float
$10,000,000 in mortgage bonds on the European market had
failed, a conference was held in Boston between representa­
tives of the Union and Mercantile trust companies and the
directors of the road, at which it was derermined to make
another effort to place a third mortgage and thereby raise the
$10,000,000 required to save the road. The second effort met
with no better success than the first, and on the death of Di­
rector Magoun it was deceided that the only course open to
the bondholders was an application for a receiver. But it was
found necessary to have the coosent of all pa-ties interested
before the application could be made, as the bouds contain a
clause providing that no action shall ba taken ia case of de­
fault until six months thereafter.
Mr. George R. Peck, General Solicitor for the Atchison
Topeka & Santa Fe Railroad Company, said: “ The immediate
cause of the receivership was the inability of the company to
provide for the January interest; but the underlying cause is
the panic, or depression in business, or hard times, and the
sharp reduction of the earnings of the Sauta Fe lines. The
result of the Trust Company’s foreclosure will be the reorgan­
ization of the company as to the different mortgages, and
perhaps a reorganization of the company as to its stock. Of
course the reorganization is not ia the hands of the company
but in the bunds of its creditors.” H i thought the roa iunder
the control of the receivers would go on earning a revenue at
lean as large as it is earning now, and that the situation
would he improved in some respects, because the road would
not be harassed daily by money matters.
Receiver Wilson's first order at Topeka was to Edward
Wilder, Treasurer of the company, to make outchecks at once
for the November wages of all employees, the money to be
drawn from the fund that lias accumulated for the payment
of interest on bonds due on January 1.
Air. Reinhart, President of the A t. T. & S. F. RR., issued
the following;
B o s t o n , M a s s ., D ec.

21, 1833.

To the toucT and stork holders and. e-erUtors, Atchison Topeka £ Santa
Fe Unitroad Company and system:
The directors o f the Atchison Topeka & Santa Fe Railroad and the
St. Louis & run Francisco Railway companies. comprising with their
B alan ce.. . . . . . . . . . . . . . . . . 2 1 2 , 1 8 7
251,439
306.057
299,735 auxiliary owned and controlled lines, the railroad svstem nf the Atehb
WEST. MAST’D Rft. SYSTEM,—OFESATIKO INCOME ACCOUNT 1892-3.
-on Topeka ,1 Santa Fe Railroad Company, are compelled to aun unco
c
that ihe sudden termination d nriuethe week ■f pan lint negotiations
Expenses—
Earnings—
for financial relief has caused temporary embarrassment to the com­
$495,389
ugers.. . . . . . . . . . .
$-400,517 Trans per ration..........
panies. and will provent further payments o f borrowed m oney now
»
328,964
F re ig h t............. .
793.993 Mt intena-oee of w ay..
3 21.830 due and Interest coupons of the several companies mat a log r&nunry
Miife'.......... .
33.972 Mniiitemmco o f equin,
1. 1s ot . proximo, of all bonds or funded direct, and guar in wed obliga­
&
114,840
Mail, exp. de aitecd__
93,835 Miseeiianeous < taxes
tions, including the coupons of the general mortgage bonds o f the
$861,430 atotasnn Topeka & Sauta Fe Railroad Company and o f th« Sc. Louis
Total grots earnings.$1,322,320 Total.
A Stn Francisco
t
.$461,890 sion in AmericaRailway Company. The continuing financial depres­
Balance............... - .............. ................
and Europe, with coincident shrinkage in market
H allo of operating expenses to gross earnings, 64*25 per c e n t
prices o f securities owned by the company and use i a* c dlateral, has
brought about an enforced redaction of the tl > -ting debt, causing ex­
NET INCOME ACCOUNT.
cessive demands upon the cash available from net earnings for interon funded d e b t ....... ............................. ..........................
149,1*9 e-r requirements.
Rental o f leased H u es............ ......... ......................................... .
74,879
Odder these circumstance*, it becom es the fluty o f the directors to
B S F. and N . « trackage. ................................................... .
t,
104,273 take such stepeas may best conserve and protect the interests of the
Terminal e S a r g e a . . . . . . . . . . . . . . . . . . . . ---- . . . . . . . . .
25.181 companies, tbetr houd and stock holders aud creditors, aud prevent the
Ground rents ___ . . . ___ _________________ _— . . . . . . . . . . . . . .
1,47.3 di-integration of the railroad system.
Uihcmintami interest..—. . . . . . . . . __. . . . . . . . . —
......... ......
26,467
in view of the comparatively sm ill and tem per >rv relief required in
DU idem! on preferred stock . ___ . . . . . . . ......... ....................
2,2-> l tne present em ergeoey. considering the magnitude o f the rail wav sys­
Credit balance to profit and loss—...................... .....................
78,173 tem involved, its Cuming power end re-onrees, s iti-faer-ory physical
condition
organization which
$ 4 1t 9
6 , 0 secured inand working depte a se l condition o frelief cannot speedily be
the present
financial affdrs gener­
ally, the director* believe that the protection of the courts should be
invoked, and the executive and legal officers o f the -everat companies
h ,ve bee.n authorized and instructed not to resist application for re­
G E N E R A L IN V E S T M E N T N E W S .
ceivers, but, to make answers setting forth the facts an l admitting the
situation and temporary embarrassment of rlie companies.
ik e Atchison system as a whole,, including the 3c Louis & San
Atchison T- pefca & Santa Fe.—A t Little Rock, Dec, 23, F ra n oieeoR .il way and all other auxiliary lines (comprising 9,345
Judge Henry C, Caldwell, in chambers, appointed Joseph W . roles of railroad). Is amply able even under the present tl verse oonReirtbart, John J. McCook and Joseph C. Wilson receivers of fl Pious to earn a sate balance above its Used charges, if relieved from
the Atchison Topeka & Santa Fe system on complaint of the floating debt, which is not greater at this time titan eighteen months
ago. The changed financial conditions and lower prices of securities
Mercantile Trust Company of New York, trustee, vs. the St. owned ny the companies and used as collateral has brought about the
Louis & San Franct-co Railroad Company and the Union sirnailoh now reported.
The obligations of the company are as follows :
Trust Company, New York, trustee, vs, the Atchison Topeka
& h inta Ei* Railway Company, two orders being issued. It Time notes and loans on collateral, due Decem­
i
ber. la p , to June, 199t ...................................... ¥4,100,000
is provided that the orders are made upon the express condi­ Notes andsloans on collateral, on call........ - .......... 2 , 2 00 ,00 0

NVt r aro ir g* - - - . ........ 277,871
*
i
B etterm tata. . . . . . . . . . . . . . . . 65,664

333,209
81,770

392,293
86,238

400.-13
101,078

tion that all legal debts now due and which were contracted
in the operation of the road, and including damages and
money and work furnished and done in the construction, re­
pair and equipment of the road, shall be a fir.-t lien on the
property , including all liability to persons or corporations who
may h< come surety for the company or indorse or guarantee

Total notes and loans . . . - ............ .
-— ...............
...$ 6,30 0,00 0
Coupon interest and other fixed obligations due January 1,

3900,000

p r o x im o ................................................... .......... .................................. * ,

The Western accounts are about normal, with remittances for inter­
est payments turned back to provide for November pay-rolls and other
current requirements.

* li2 2

THE CHRONICLE.!

With ordinary financial conditions prevailing in America and Eu­
rope. the market, value of the securities owned by the companies and
used as collateral is about equal to the entire amount of tho above ob­
ligations.
The directors will promptly prepare and submit to the security-hold­
ers and creditors of the companies for their approval plans for relief
from the existing embarrassment, whioh should be considered as tem­
porary.
By order of the directors.
J. W. BEINIIART, President.

—The January coupons of the St. Louis & San Francisco gen­
eral mortgage bonds will be bought in Berlin by the HandelGesellscbaft. No provision has been made yet for the pur­
chase of the coupons on this side except as it may be for the
account of Berlin, and the bonds must be deposited in Berlin
in order that the coupons be paid.
—Holders of Colorado Midland first mort. consol, mort. bonds
and Aspen Short Line bonds are notified that Messrs. J. R.
Busk, W. D. Sloane and F. F. Thompson will act as a provi­
sional committee to confer with the bondholders and to take
such measures as may be needful for the protection of their
interests.
—The officers of the Gulf Colorado & Santa Fe Company sav
that that company “ will continue to operate its own lines, and
is prepared to pay all its current obligations as heretofore,
notwithstanding the appointment of receivers for the Atchi­
son Topeka & Santa Fe Company.”
—H. Collbran, general agent of the Atchison Railroad Com­
pany at Denver, Col., savs the appointment of receivers for
the property will have no effect on the Midland Terminal, the
new road being built to Cripple Creek, which is to be a feeder
of the Santa Fe, as the money for its construction has all
been subscribed.
Baltim ore & Ohio.—Mr. Chas. F. Mayer was unanimously
re-elected President of the Baltimore & Ohio Railroad Com­
pany at a meeting of the board of directors on Wednesday.
This is Mr. Mayer’s sixth consecutive election, having been
first chosen by the directors in December, 1888, to succeed
Mr. Samuel Spencer.
Major Alexander Shaw was unanimously elected a director
in place of the late George de B. Keim of Philadelphia.
Called Bonds.—The following bonds have been called for
payment; the numbers may be learned at the offices of the
respective companies.
B urlington & Missouri River RR. in N eb. - E ightyseven 6 p c. consol, bonds of 1918 for $1,000 each and 19 bonds
for $600 each will be paid Jan. 1.
Charlottsville & R apidan.—Five bonds for $1,000 each,
ten bonds for $500 each and two for $100 each will be piid
Jan. 1.
Ohio & Mississippi Railw ay C o. Equipment Trust.—Ten
bonds of series A and ten of series B w.ll be paid off Jan. 1.
Central Pacific—Southern Pacific.—The original lease
from Central Pacific to Southern Pacific, made in 1885, con­
tained the following provision :
“ It at any time it aDpears that by the operation of this agreement,
either party is being henefitted at the expense ot the other, then this
agreement shall bo revised and changed so that such will not be the
operation thereof.”

Only in a single year has the Cental Pacific earned as much
as the rental guaranteed ihereunder, and under these circum­
stances the lease has been modified. Under the revised lease
the Central Pacific is entitled to all its earnings until such
earnings shall exceed 6 per cent on the par value of the out­
standing capital stock of Central Pacific, after which any ex­
cess of earnings is to be divided equally between the Central
Pacific and the Southern Pacific.
Chesapeake & Ohio.—The period of the “ voting trust” for
stock of the Chesapeake & Ohio Railway Company expiring
on the 31st inst., the trustees give notice that they are pre­
pared to deliver after that date stock certificates in exchange
for the present trust certificates on the surrender of the latter
at the office of Messrs. Drexel, Morgan & Co. Certificates
must be assigned to the trustees for exchange for stock.
Chesapeake Ohio & Southwestern.—In the United States
Circuit Court at Clarksville, Tenn., on Dec. 28, Judge Lurton
appointed General John Echols and St. John Boyle receivers for
tho Chesapeake Ohio & Southwestern Railroad Company. The
application was made by C. P. Huntington, and was resisted
by the attorneys for the Commonwealth of Kentucky. The
case was fully argued, but a settlement was finally reached.
Judge Lurton fixec the receivers’ bonds at $50,000 each. The
application for an injunction against other funds was refused.
General Echols is the Vice-President of the Chesapeake Ohio
& Southwestern. Mr. St, John Boyle is a well-known lawyer of
Nashville.
Chicago & Northern Pacific.—The committee of which
Mr. J. Edward Simmons is chairman urgently request all
holders to deposit their bonds at once with the
United States Trust Company of New York. Copies of the
agreement can be obtained from the United States TrustCompany,45 Wall Street, or from any member o f the committee.
Depositing bondholders are [secured against any action not
conformable to their views by the privilege to withdraw their
bonds should any plan of reorganization formulated by the
committee fail to secure the approval of the holders of 70 per
cent of the bonds deposited. The circular says: “ As a large
proportion of these bonds is held by investors in small
amounts, the co-operation o f this class of holders is necessary

[VOL. LVU.

for the success of the committee’s efforts, and such co-opera­
tion is earnestly solicited. ”
Cincinnati Hamilton & Dayton.—At Cincinnati, Dec. 27,
Thos. Emery’s Sons began suit in the'Court of Common Pleas
for abrogation of the lease o f the Cincinnati Hamilton & In­
dianapolis to the Cincinnati Hamilton & Dayton; also the
Rase of the Indianapolis Springfield & Decatur to both of the
above.
Detroit Lansing & Northern.—The directors give notice that
the company is without funds to meet the coupons due
Januarv 1, 1894. of the Detroit Lansing & Northern Rail­
road Company 7 per cent bonds, the Ionia & Lansing Rail­
road Company 5 per cent bonds and the Saginaw & Western
Railroad Company 6 per cent bonds, and that as soon as the
accounts of the road for the year 1893 are made up, which
will be early in February, a plain and complete statement of
the financial condition of the property will be submitted to
its bondholders and a plan proposed for its relief.
Evansville & Terre Haute.—Mr. David J. Mackev has re­
signed as President and director of the Evansville & Terre
Haute Railroad, and his place as director has been taken by
Mr. W. II. Tilford.
Florida Central & Peninsular.—At Jacksonville, Fla,, Dec.
21, the last spike was driven on the new South Bound Rail­
road between that city and Sivannah, making the Florida
Central & Peninsular Railroad a through system between the
North and South.
Through trains from New York over the Richmond & Dan­
ville, the South Bound and the Florida Central & Peninsular
will begin running Dec. 31. The new line shortens the dis­
tance between Savannah and Jacksonville about forty miles.
General Electric.—Vice-Pres. Griffin is reported as saying :
“ Rumors affecting the financial condition of this company
are absolutely false. The facts are we have over $1,000,000
in bank, and the floating debt is being chopped down at a tre­
mendous rate. Of course we could stand more business, as is the
case with all other companies, but we are getting our share.”
Georgia Southern & Florida.—It has been decided to ask
the court to appoint Mr. Skipworth Wilmer, the attorney for
the bondholders, as receiver.
Metropolitan Traction (P hiladelphia).—The result of
Metropolitan Traction Company’s annual meeting has been
announced. No figures were given out, but it is understood
that the earnings on the stock were something above 5 p er
cent. The enmoany has fully completed arrangements for
the issue of $7,500,000 5 per cent long-time bonds at par, less
bankers’ commission. The proceeds will be used to make
electrical improvements on Sixth and Ninth avenues and to
cable Columbus Avenue, and for other purposes.—Phil. Press.
New York Central & Hudson River.—The board of direc­
tors have decided that full-paid stock subscription receipts, or
receipts upon which the balance shall be paid on or before
January 2, 1894, may he exchanged for stock certificates on
or after January 17, 1S94 (instead of July 17, 1894), upon the
adjustment of the differences between the accruing interest
at 4 per cent on the subscription receipts and the accruing
dividend at 5 per cent on the stock.
New York & New England.—Hon. Benjamin F. Tracy, of
Brooklyn, ex-Secretary of the Navy, and Albert B. Boardman,
both members of the law firm of Tracy, Boardman & Platt, of
New York, appeared before Judge Wallace, of the United
States District Court, at Albany, December 27, and asked for
the appointment of a temporary receiver for the New York
& New England Railroad Company. •
The suit was brought by Theodore F. Wood, and the appli­
cation was supported by the affidavits of Grant B. Schley,
Frederick H. Prince and Thomas C. Platt, all of whom claimed
that the interests of the security holders were in danger.
Mr. Tracy and Mr. Boardman suggested that Thomas C.
Platt, who is one of the directors of the railroad, should be
appointed its receiver. Judge Wallace, after a careful ex­
amination of the papers, complied with this request. Speak­
ing of this selection afterward, Judge Wallace remarked :
“ This application for a receivership for the New York &
New England Railroad Company has been pending before me
for several days. When the application was originally made
I required more evidence by the filing of additional papers
and proofs to justify a receivership. This is only a temporary
matter. The application for receivership is only made for the
purpose of preventing the affairs of the company disintegrat­
ing, and thus the property of the company being interfered
with until the matter can be argued and settled as to whether
it is necessary that a permanent receiver be appointed. The
application was made bv papers yesterday, but I was not satis­
fied with them, and so I sent them back to the men who filed
them and they were prepared over again. This morning the
papers were again filed with me, and I appointed Mr. Platt as
receiver. It may be that a permanent receivership is unneces­
sary, but that will be argued before me when the order to show
cause is returnable January 10. Tne bondholders, creditors
and shareholders of the company can be present at this meet­
ing on January 10, and will be heard by me regarding their
interests, and whether or not a permanent receiver should be
appointed.”
Judge William K. Townsend, of the United States District
Court, at New Haven, Conn,, Dec. 27, appointed William T.
Hart, of Boston, temporary receiver of the New York & New
England Road, uponjthe same grounds as those contained in

D ecember 30, 1893.J

THE CHRONICLE.

the application made to Judge Wallace at Albany. This action
was taken at the instance and um n the application of W . K.
Loring, of Boston, and Charles C. Perkins, of Hartford, who
appeared for the trustees for the second mortgage bondhold­
ers of the road.
A t Boston. Dec. 29, Messrs. T. C. Platt, f f a C. Hart and
Marsden J. Perry were appointed receivers in Massachusetts
and Rhode Bland.
It is stated that the company has a floating debt of about
$950,00 1 an 1 no collateral available to secure advances on ac­
count of interest maturing January 1.
A t Hartford. Dec. 27, aa attachment for §300.090 was placed
on all the rolling stock of the New York & New England
Railroad. The suit was brought by the receiver of the Phila­
delphia Reading & New England Railroad. The attachment
was for the purpose of covering money lent.
The Curtis wharf property on the easterly side of Federal
Street, Host d , is now owned by the New York & New England
Railroad, subject to two mortgages of §114,000 and $33,000,
respectively. On Saturday last Mr. Edward B . Alien, in con­
sideration of the nominal -mm of i l , sold the entire property
to the New York & New England, subject to the mortgages
mentioned.
The vote on the lease of the New York New England &
Northern was : In favor, 134,046 ; against, 6,983 ; total vote,
141,029. This vote ratifies the lease.
New York & Northern.— The New York & Northern Rail­
road was sold at Yonkers, N. Y .. at public auction, to Mr. J.
Piertxtnt Morgan, for $1,000,000 in the interest of the New
York Central Railroad. Mr. Morgan was the only bidder.
New York Pennsylvania & Ohio.— Dow. Jones & Co. report
that the “ first mortgage interest due Jan. 1 will be paid
wholly in deferred warrants, owing to the company not being
able to obtain payment of the full rental due. It is expected
that the company will receive the over-due ren al before July
J. 1894, when the Erie shall have placed its finances in a
sound position by reorganization.
The year would have
been a good one had the Erie baen able to pav the rental, as
the gross earnings of the proparty were the largest in its
history,”
New York Philadelphia & Norfolk. — In pursuance of the
agreement between the New York Philadelphia & Norfolk
Railroad and the Pennsylvania Rvilroad, and thePhil ideipbia
Wilmington & Baltimore Railroad, the latter two companies
will on and after January 1 purchase the coupons maturing
that date on the first mortgage bonds of the New York Phil­
adelphia & Norfolk Railroad to tbe extent of the funds to be
provided under said agreements out of tbe earnings from
joint traffic interchanged between said roads, and that the
amount necessary to p»y the balance of said coupons will be
deposited bv the New York Philadelphia & Norfolk Railroad
with the Pennsylvania Railroad.
New York Stock Exchange— New Securities li s t e d .— The
Governing Committee of the Stock Exchange have listed the
following securities;
G
hesapkakk A O
hio R iil w a t Compart —160,523,400 common
capital stock, to b»: bracketed with voilntr trustees’ oertiBeates,
I'ittsbcbo ft • tjis'ori d u e too 4 Sr. Loots Railway Company
s
$752,O » ttOdttiii).! tmpC: Bent consolidated mortgagn guaranteed
i
bonds, series C, making total amount of that series listed r 1.503,000.

Northern Pacific.— A dispatch from Milwaukee says : “ The
Northern Pacific employees, 3.500 in number, rejected the
new schedule of wages adopted by the receivers, which in­
volves a cut of 5 to 10 per cent, to take effect Jan. 1. The
receivers iinnudialely promulgated art order obtained from
Judge Jenkins of the United States Court, authorizing and
directing the receivers to put into operation the new schedule
of wages and restraining the employees and unions from
‘ combining arc! conspiring to quit, with or without notice,
the service of the road, with the object of crippling or embarras-ieg its operation, and generally interfering with the
officers and agents of the receivers or tbeir employees in any
manner, by actual threats or otherwise,’ ”
A t Seattle. W ash,, an injunction from United States Dis­
trict Judge Hanford against tbe employees similar to the one
granted in Milwaukee was secured. The injunction was
placed in the hands of Deputy U . S. Marshals.
— Tne statement given in our last issue showing an esti­
mated surplus of $788,000 over charges for the last six months
of 1893 meant the surplus over the charges that tbe receivers
were ■ tlbd upon to meet during the six months in question
under the orders of the court and including the interest
maturing January let on the firsts together with the sinking
fund charges, Tbe interest charges and sinking funds of the
second, third and consolidated mortgages, as well as the
charge-* on account of the guaranteed branch line bonds,were
excluded from tbe statement.
At Milwaukee.Wia., Dec, 27, the report of the receivers for
the month of October was tiled in the United States Court,
showing an increase c f $142,045 in the net earnings for t he
previous month. The total reeeiots amounted to $3,045,835,
to Whi- h was added $969,923 brought forward from Septem­
ber. Of i he tot d receipts $634,807 came from the assets of
the Noel hern Pacific and its tributaries, $342,420 from the
main line. $203,592 from the Wisconsin Central and $98,784
from the Chicago fi Northern Pacific. The balance of the re­
ceipts was from the operating of the road. Tbe total dis­
bursements amounted to 53,903,191. The liabilities of the
Northern Pacific amounted to $1,044,271, of the Wisconsin
Central $332,588 and of the Chicago & Northern Pacific $08,-

1123

165. The expenditures for the running expenses of the road
amounted to $1,458,185. The amount carried forward to No­
vember w*s 81,112,568.
—The Northern Pacific RR. Company filed in Milwaukee,
Dec. 28. in the United States Circuit Court, a petition for the
removal of Messrs. T. F. Oakes, H, C. Payne and H. C. Erase,
the present receivers, and the appointment of other receivers
in i heir stead, Tbe petition is signed by Vice-President Harris,
aud sets forth allegations on the part of the N. P. directors
similar to those made in the suit brought bv Mr. John Swope
against Henry Viilard and bis associates. It is also charged
that separate receivers have been unnecessarily appointed for
branch lines, and that the expenses of administering the af­
fairs of the company have been enormously increased. This
suit was brought in accordance with a resolution passed at
the directors’ meeting in November requesting Mr. Oakes’s
resignation as receiver and directing that legal steps be taken
to remove him in case of his refusal.
An order was issued by Judge Jenkins to show cause why
the petition should not ba granted.
— i’he report of Receiver Henrv C. Rouse on the result of his
recent inspection of the Northern Pacific system has been
issued in pamphlet form. Mr. Rouse estimates that about
$ 10,000,000 will be required to bring the permanent wav into
the most effeciive condition for economical operation, viz.,
85,000,00) for replacing rails, $3,500,000 for bridges and tres­
tles, and the remainder in reducing grades and ballasting track.
Exceptional causes, it is said, contributed to make tbe earn­
ings large during the last three years which will no longer
continue, which fact, together with the prevailing depression,
the competition of the Great Northern, and reduced rates, will
decrease the gross earnings in the immediate future at least 37
per cent. On this basis of decrease the Receiver estimates
the net earnings over operating expenses aud taxes for the
six months ending June 30, 1894, at $1,595,742, which, with the
estimated balance for the last six months of 1893 o f $3,011,309,
would make the net result for the fiscal year ending June 30,
1894, $4,607,052.
Referring to the branch lines. It is stated that the business
originating at or destined to points on these branch lines con­
tributed to tbe main line for the year ending June 30, 1893, a
gross business amounting to $11,670,000, of which about
§3,000,000 went to the branch lines and $8,000,000 to the main
line.
Oregon Pacific.—The sale of the Oregon Pacific road on
the 15ch inst. has been set aside, the 1200,000 bid not being
sufficient to meet the labor claims and taxes.
Judge Fullerton at Corvallis, Oregon, has rendered his de­
cision in the receivership case of the Oregon Pacific Railroad,
retaining F, L, Hadley, the present receiver, until the Febru­
ary term of Court, when the case will come up for a hearing
again
Oregon Railway & Navigation—Union Pacific.—In the
United Slates Court at Portland, Ore., Dac. 28, the petition of
the Farmers' Loan & Trust Company that the receivers of the
Union Pacific Railroad be required to tile a statement of the
receip's from and expenditures upon the property of the
Oregon Navigation Company, was granted.
Pacific Mail Steamship.—The earnings and expenses for
six months ending Oct. 31,1893, were: Gross earnings, $1,893,259; expenses, $1,664,113 ; balance, $229,146; deduct amount
reserved for extraordinary repairs and renewals, $60,467 ; bal­
ance, $163,678.
Pennsylvania Railroad.—The Philadelphia Ledger says:
“ It will'd" of interest to our readers to know that the Penn­
sylvania Railroad Company has fully discharged the tem­
porary loan of £250,000 secured by it in London in July last,
and that, owing to its excellent credit, the net cost of that
loan to the company was but 3% par cent. It will be equally
gratifying to its shareholders to learn that it goes out of the
year 1893 without anyfloating debt, aud with nothing but the
ordinary obligations growing out of Its traffic and current
relations with other companies.”
Providence & Springfield.—At Providence, R, I., Dac. 26,
a bill in equity was filed in the Supreme Court to restrain the
City Council and Mayor from endorsing $750,000 of the bonds
of the Providence & Springfield Railroad C impany, 8350,000
of which are held by the New York & New England Railroad
Company, which proposes to use the proceeds for.the building
of a line to connect its road with the Providence & Springfield
and thus gain an entrance into Providence via Webster, Mass.
A temporary injunction has been granted, and a hearing will
be had next week.
Richmond Terminal—Richmond & Danville—East Tenn­
essee Virginia < Georgia.—The January coupon will be paid
fc
at the Chase National Bank on Jan. 2 on the following : East
Tennessee 1st 7s, divisional 5s, Alabama Central 63 and Knox­
ville & Ohio 6s ; also the January, 1893, coupon with interest
to date, on Memphis & Charleston 1st and 2d extension 7s,
2d 7s of 1885, Tennessee Division7s and consolidated 7a. The
receivers wilt also pay the January coupon on Richmond
York River & Chesapeake lsts, Atlanta & Charlotte lsts
Western North Carolina lsts and Franklin & Pittsylvania lsts
and Roswell RR. lsts. Payments will be deferred on Georgia
Pacific, Columbia & Greenville, Charlotte Columbia & Augus­
ta and Louisville Southern.
Richmond Yo k River & Chesapeake.—The President reuests first mortgage bondholders to send their names and adresses to him, in order that a committee be formed with a

1124

THE CHRONICLE.

view of extendirg the principal of the bonds for some short
period at a reasonable rate o f mierest.
Rome Watertown & Ogilensburg—New York Central.—
The first mortgage 5 percent bonds of the Black River &
Morristown Railroad Co. for §500,010, maturing Jan. t, will
be paid at the Central Trust Co. Utica & Black R.ver first
mortgage fours have been issued to a corresponding am runt.
Seattle Lake Shore & Eastern.—At Seattle, Wash.,on peti­
tion of the Union Trust Company of New York, John Brvant
was appointed an additional receiver of the Seattle Like
Shore & Eastern Railroad to act with the present receiver.
Also the Union Trust Company of New Y oik received per­
mission to institute proceeding in foreclosure.
Terminal Railroad Association o f St. Louis.— A second
mortgage to secure to the Central Trust Company of New
York an issue of 5 ppr cent gold bonds to the amount o f
§5,000,000 was fiUd at St. Louis Dec. 26.
Mr. James W. Hanna.Secretary of the Association said: “ The.
mortgage was simply filed in pursuance of a resolution passed
at a meeting of directors last April, when it was agreed to
increase <ur bonded indebtedness S3.000.000. W e will use
the money to finish the new depot and pos-ibly build one or
two new terminal roads. It is very likely that we will build
the two belt roads—one on each side of the river—but how
soon we will commence the work I cannot say.”
Thurber, Rhyland Company.—Chancellor McGill of New
Jersey has extended the time for the receivers to file a state­
ment to January 13, two days after the time allowed for the
deposit of old stock with the Manhattan Trust Co.
Union Pacific.—The receivers have applied to the United
States Circuit Court at Omaha for permi-sinn to pay the
coupons due Jan. 1 on the following bonds: U. P. 1st raorr. 6s.
Oregon Railway & Nav. first 6s, Idaho Central first 6s, Utah
& Northern first 7s and const), mort. 5s, Utah South, general
mort. 7s and extension 1st mort. 7s. Application has also
been made to pay the interest due Dec. 1 on Union Pacific
collateral trust 5s. and the interest due Feb. 1 on Kansas Pac.,
Eastern Division, firsts.
—Mr. A . A. H. Boissevain has formed a committee of Union
Pacific bondholders in Amsterdam and Frankfort in support of
the plan of reorganization outlined before his departure for
Europe.
United States Cordage Company—National Cordage
Company.—At Trenton, N. J., Deo. 26, the United States
Cordage Company, successor to the National Cordage Com­
pany, was incorporated under the laws of New Jersey. The
company bad to pay a fee of $6,800. It is to have offices for
the transaction of business in New Jersey, New York. B iston,
Chicago and Cincinnati. The capital stock is $34,000,0-'0,
divided into 340,0h0 shares; of these 200,000 shares will be
common stock; 60,000 shares will be first preferred stock,
•called guaranteed stock, and 80,000 shares will be second pre­
ferred stock, called preferred stock. Upon the guaranteed
stock the company will pay a dividend of 6 per cent, cumula­
tive after Jan. 1, 1895, and thewhole or any part of this stock,
but not less than 1,000 shares at a time, will be redeemable on
any dividend day, at the option of the company, at the price
o f 105.
The company is obligated to set apart, beginning with the
year 18S6, from the net profits, after the payment of divi­
dends on all the prefeired stocks, the sum of $100,000, to be
devoted to the purchase of the guaranteed stock at the lowest
obtainable price, not to exceed 105. If not obtainable, the
stock is to be drawn, and all stock thus acquired will be
canceled. The preferred stock is to be entiil-d to a yearly
dividend of 8 per cent and the common to a dividend of 6 p ct.
The company may create mortgage bonds to the amount, of
$7,506,000, and no other mortgage or lien superior to the lien
of tbe guaranteed and preferred stocks can be created without
the written cement of the holders of 80 per cent of the guar­
anteed and 80 per cen tof tbe preferred stock.
The list of stockholders shows that Harvey A. Herrold, of
New York, h oi's 339,860 shares, and the following named each
ten shares : Rud-d oh Keppler, of New York ; William H. Cor­
bin, of Elizabeth, N. J .; Edward F. C. Young, of Jersey City;
George G. Williams, of New York ; William W. Sherman,
of New York ; William B Sewali, of Boston ; Francis Smith,
of Brooklyn ; Joseph J. O’Donohue, of New York ; Valentine
P. Snyder, of New York ; Thornwell Mullally, of New York ;
Augustus C. Kellogg, Jr., of Elizabeth, N. J.; John Scoif, ot
South Beacb, New York; John W . Queen, Jr . of Jersey City,
and Paul Lichtenstein, of Brooklyn. Messrs. Herrold, Mullally
and Kellogg are the incorporators.
Mr. Rudolph Keppler has been elected President and W . H.
Corbin Vice-President and temporary Treasurer of the new
company.
The board of directors includes: Rudolph Keppler, W . H.
Corbin, W. G. Gulliver, E. F. C. Young. Ernst Tbalmann,
Joseph J. O’ Donohue, W. B. Sewali. S. G. Williams, Presi­
dent of the ChemicalNational Bank ; V. P. Snyder and W. W.
Sherman, President of tbe National Bank of Commerce. Two
other directors are to he elected.
The United States Trust ComDany will register the stock
and trustee the bonds. The new corporation will virtually
take charge on Jan. 2.
Wabasli.—The Wabash directors have decided that the
dividend on the debenture bonds, se'ies A, should not be
paid on Jan. t. on account of the costly disasters on the road
duriDg the W cila’s Fair.

[V ol . LVII.

Commercial Jimes.
COMMERCIAL

EPITOME.
F

r id a y

N

ig h t ,

D e c. 2 9 ,1 8 9 3 .

The business portion of current week has been shortened by
the Christmas holiday and operations in general merchandise
were of exceedingly small proportions. A disposition to
avoid new speculative obligations remains as a marked feature
of the situation, and the booking of orders for staple goods
for delivery at stated periods during the new year is less com mon than usual at this season. Cotton has sold with less
freedom for export, but wheat attracted somewhat increased
attention from foreign buyers in consequence of the phenom­
enally low prices ruling. Tbe coarser grains were also fairly
active for export but were neglected by domestic consumers.
There has been an increased movement of o r a from hands of
growers toward tbe Western shipping d-pots. No unfavora­
ble reports from winter-wheat localities have been received,
and most testimony favors the impression that the grain is in
excellent condition to withstand very severe weather. Recent
advices from Europe speak favorably of tbe progress of farm
work and condiiion of grain crops there.
Lard on the spot has oeen quiet, but prices have advanced,
owing to scarcity and in sympathy with the advance in fu ­
tures, closing firm at 7%c. for prime City. 8'45c. for prime
Western and 8'99c. for refined for tbe Continent The specu­
lation in lard for future delivery at this market baa been
quiet, but prices have advanced in sympathy with tbe West,
where packers have been buying, owing to the small stocks,
closing steady.
D A I L Y C L O SIN G P R IC E S O P L A R D F U T U R E S .

Sat.

December...........................j
January.............................. Holidays.
May..................................... )

Mon.

Tnes.
Wed.
(8 4 0
8-nO
.8*15
8'25
( ......................

lhurs.
8'50
8*20
7-95

Fri8-50
8*25800

Pork has met with a limited trade and prices have held
stetdy, closing at Sl3 75 S$14 50 for mess. $15 5!)®$ 17 50 for
extra mess. $ 5 <i$15 50 for family and $13 25 '$13 75 for short
clear. Beef is quiet and unchanged at$8 a$8 50 for extra mess,
$120814 for family, $10@$10 50 for packet and §19@§30 for
extra India nv ss. Beef hams are quiet at $15 <i$I5 50. Tallow
has been moderately active and steady, clo-ing with sales at
5 l-16c. Lard stearine has advanced to 9%c. Oleo-stearine
has been in fair demand and steady at T%<i. Cotton-seed oil
has advanced to 29^29t^c. for prime crude but prime yellow
is unchanged at 34c. Business has been quiet. Butter is dull
but steady at 20@28c. for creamery. Cheese is quiet, but
steady at 9 d 124£e forState factory full cream. Fresh eggs are
)
dull and easy at 244£®25c. for choice Western.
Coffee sold somewhat irregularly, but generally with fair
volume and increasing value, especially on the low grades
adapted to roasters’ use. Rio quoted at 18%e. for No. 7, good
Cucuia at 21@ 3l^c. and incerior Padang 231^ a>24c. Con­
tracts for firure d«-livery were not active, but a steady cover­
ing of early maturing engagements served to strengthen tone
and raise the line of value. To-day some effort to realize
profits closes the market with easier tone.
The following are the final asking prices :
Jan ................ 17 00c. I Apr................16 One. I July ................ 15'40e.
F h
*> ................ 16'55o. M a y .-..-........... l.VSOc. Aug.......... „ . . . 15"20e.
Moll............... 16-20c. IJune ............. 15'55c, |S e p t ............... 15'15o.
Raw sugars found some attention, and small parcels at
hand and offerings to arrive per steamer sold at steady rates.
Refiners were unwilling to negotiate upon larger quantities
except at a shading on cost. Centrifugals quoted at 2J£c. for
9S-deg. test and muscovado at 2%c. for 89-deg. test. Refined
sugars are meeting with about average demand, a reduction in
cost failing to stimulate trade; granulated quoted at 4% c.
Other staple groceries very dull.
Kentucky tobacco has been in light request, but prices have
held steady ; sales, 100 hhds. Seed leaf tobacco has sold
slowly, but prices have been unchanged and steady. Sales
for the week were 800 cases, as follows: 50 cases 1892 crop.
New England Havana. 18® 50c.: 50 casps 1892 crop, New York
State Havana, I0@15c.; 150 cases 1892 crop, Pennsylvania
Havana, 11® 13c.; 250 cases 1891 crop, Pennsvlvania seed
leaf, 12c.; 100 cases 1892 cron, Zimmers. p. t.; 100 cases 1892
crop, Ohio, 5%c.; 58 cases 1890 crop, Wisconsin, 8c. and 50
cases 1892 crop, Wisconsin, p. t.; also 500 bales Havana, 68c.
®$t 05, and 250 bales Sumatra. $2 50@$4 20.
Business in the market for Straits tiu has continued slow
and prices have declined ; but at the close the tone was steady
at 20 50c. Ingot copper has continued quiet and prices have
further declined, closing dull at 10c. for Lake. Lead has
been dull and prices have declined to 3'20c. for domestic, but
at the close the market was steadv. Spelter is firm but quiet
ht 3 60c. for domestic. Pig iron was quiet but steady at $11
@ $14 50 for domestic.
Refined petroleum is steady at 515c. in Mils., 2 65c. in bulk
and 6 25c. in cases: crude in bbls. is firm, Washington closing
at 6c. in bbis. and 3'50c. in bulk; naphtha 5%c. Crude certifica’ es have advanced and the close was steady at 69Me. bid.
Spirits turpentine was higher earlv in the week, but later the
improvement was lost and the close was easy at 29J<®30c.
Rosin has been dull but about steady at $1 25 a $ l 27% for
common and goed strained. Wool continues in slow demand
and unsettled. Hops are dull but fairly steady.

1125

THE CHRONICLE.

December 30, 1S93.J

In addition to above exports, our telegrams to-night also
give us the following am ouits of cotton oa shipboard, not
December 29, 1893.
cleared, at the ports named.
W e add similar figures for
T he M ovement o f the C rop , as indicated by oar telegrams New York, which are prepared for our special -use by Messrs.
from the South to-night, is given below. For the week ending Lambert & Barrows, 24 Beaver Street,
this evening the total receipts have reached 230,14.0 bales,
ON S H IP B O A R D , NOT C L E A R E D -- F O R
against 29 ,975 bales last week and 30.1,392 bales the previous
Leaving
week; making the total receipts since the 1st of Sept., 18r8,
Dec. 29 at—
Great
Other Coast­
Stock.
Total.
4,157,860 bales, against 3.565.ij 0 bales for the same period of
Britain. France Foreign wise.
1892, showing an increase Educe Sept. 1. 1893, of 591,160 bales.
C O

T T O

F r id a y N

Receipts at—

Taes.

Sat, I Mon.

Galveston......... 4.683 14,094
1 .....
Velasco,
New Orleans... 15.858! 17,450
Mobile............... 2,163, 1,140
......
F lo r id a .....___
Savannah......... 6,139 2,402
......
Brnnsw'k.&c.
3,240; 14608
Charleston.......
.........j
Pt. Royal, ,te.
WBmingtnn.... 1,301
Wash’ton, &e. — -.J . . . . . .
4.951; 3,956
Norfolk.............
West Point... 2,2 0
IPporfc N., &c. . . . . . .
......
470;
New York.........
433
23G;
Boston............
443
Baltimore.........
......
PiiliadelptEa
—— !
Tot’ls this week i <.345 41,586

N

.

ig h t ,

Wed.

Thurs.

Total.

Fri.

1,281 9,065 7,793 4,931
...... 1,179
8,560 32,806 12,392 10,197
610
4,903 1,503 1,274
1,200
5,039 10,115 5,945 5.62 L
1,510
........
2,282 3,365 S.4SO 1,727
......
251
.........
736
710
337
2,901
19
—. . . .
.........
627 5,077 4, CIO 2,822
2,810 3,675
768 2.370
2,140
.........
875!
678
864
9 id
710
317
1,035
2,333
......
403
14
4H
175

41,347
1,179
97.5<-’ 3
11,593
1,200*
36,221
1,510
15,702
251
6,065
19
22.043
11,823
2,110
4,239
2,795
2,893
1,046

3 o ,m 63,*94 38,737 39,807 230 1*0

The following shows the week's total receipts, the total since
Sept. I. 1893, and t*»» sto'-k t i nigh*, compare l with last roar.
Receipts to
Dtc. 29.
G alveston,.,
Velasco,
Hew Orleans
M obile..........
F lorid a, . ___
Savannah.,.
Br‘ wlek.jto
C harleston..
P, Royal,dec
Wilmington..
WaslTn, &c
N o r fo lk ........
West Point
N’ p t S . . * o
Hew York,..
Boston . . . . . .
Baltimore - -.
FhlladeL.&o.

1893.
1892.
This Since Sep.j This Since Sep.
Week. 1, 1893. i Wmk. 1, 1892.
41,3*7; 801,973;
1,179
27,7 23
97,561 1.236,015!
11,598 134,561
16,119
1,200
728,002;
30,2 n
49.331!
1,510
15,702 278.180,
33,103;
m i
149,117,
0,005
440
19
22.043 313,5871
11.823 168,935;
37,130
2,116
2 8 ,s 3 il
4,239
41,608
2,795
2,993
28.197,
19,710
1,016

23.067
1,297
75,71(1
10,639
145
IS,6*9
8.42C
3,760
3,034
22
4,249
5,431
1,762
3,731
4,581
2,249
1,141

809,675
3 >,771
934,036
137,0 12
14,854
001,970
122 347
235,193
3 24
138,677
578
186,618
162 331
12,773
24,801
46,470
26,131
22.918

So-?,*.
1893.

j

1892.

190 3171 133 283
3,342,
7,4 S3
378.918’ 351.750
43,920
40,190!

.......
131.021
9.0001
91,254

122,212
15 9 10
82.592

29,183
.......
104,135
31,705
6.556!
221,893
29.000;
27,719!
16.030

29,373

. ....j

43 589
ll,2 > 0
564
300,616
30.OJ
3 2 ,1 -7
17.412

Totals . . . . . 2 00,HO.4,157,180 185 01,1 3,58S,80Q 1 ,31 9 3-1 1,2)1 0 9

In order that comparison may be mads with other years, we
give below the t >tals at leading ports f i r s t s seasons.”
Receipts at—

1893.

Galve#’ n,»fc«
New Orleans
Mobile. . . . . .
Savannah. „
Char'ton,,fee
Wlim*ton,^c
N o r fo lk .......
W, Point,Ac.
All others...

41,0 40
97,563
11,591
30,221’
15,953'
6 0 3 11
21,013
13,969[
33.693

Tot. this wk.

1 1893.

200,140

1391.

105.943

1390.

27,527
90,357
11,123
10.010
12,016
1,711
15,037
11.836
23,890

24,364
75 710
10.039
16.635
3,730
3.0'G
4,219
7,197
20-279

35,00*
93,171
10.610
31,213
10,611
3,230
20,371
11.530
30,553

211.65 i 2 i6.i89

1889.

1888.

2*.098
88.594
8 702
32 012
4.979
1,930
15 015
16,961
27.039
218,640

21,576
83 511
3.468
24,740
9,313
4 682
8 463
19,233
11.40'

Exports
from —

4M S . 13,6-G
i
.. ... .. . . .
20,9:14 IQ,TIG
.. ... .

Gmivmttm....
Velasco, Ac..
Naw Orleans.
Mobil# A Pen
Samnnah ....
Brnaswlck, ...
6,3 U
Charleston*.
Wilmington.
N orfolk. . . . . . .
W est Point...
N*p# Hewa, « •
t
&
* l,5»t
New York. .. IS,316
8,181
455
Baltimore., ...
61
^
Pbila4#ip’ft,Ac
T o ta l.,.......
Total, m

.„

70,40*

33, 6
3PiQ J.Oii
9.8 1? 41,53/
1,166
u ,m

6631

,,
65

1,165
5.3 U
11,016

1,592
4,191 21,179

5,601
4*5

6,059

1,0
21

381,13 ( 08,335
358,585 234,681
20,72.
83,110 26,890
22.-378 2,600
122,82» 11.175
50.915
78,509
850
48,803
lh.SoO
105.511 8,386
76 H
85
27 389 8.832
7.673

u3
St,959 m 3*>8 131,701 MBS 2 < i*,751

29,17

* I z t d a d in g P o t t R o y a l.

_

846,415 2,607,383

J 7a,a7i i,s7:,3''S| -s ,m i eja.ess 2,ai*
a

mj

324.995

994,356

210.313
223.13S

9*4,726
1,121,895

94,927

Tota! 1 8 9 2 ... 73,025
Total 1 8 9 1 ... 113,660

10,797
7,429
3,500
1,000
Hone.
Hone.
300
Hone.

34,277
29,566

Sprculation in cotton for future delivery at this market
contiDUt-s moderate and cautious. Operators generally are
greatly perplexed over the crop movement, which greatly
exceeds calculations, and is in dirret contradiction of the
average run of information received during tbe past month
from plantations and Southern m arker. The low ruling
range of values is considered a partial balance to the unex­
pected tize of the supply, and that served t > prevent aggres­
sive action by the bearish element, blit holders of ioDg engage­
ments have either liquidated eutirely or put forward January
contracts into March at a difference of 18 if 20 points. The
Exchange adjourned from Friday last until Tuesday morning
of the current week, when business opened without foreign
advices in consequence of continued holiday at Liverpool.
Liberal port receipts, however, and indifferent demand
from all sources, acted asdeprrssiog influences, and after some
fluctuation prices c l^ e d at 10 points net loss from final rates
of preceding Friday. On Wednesday lower and tame ad­
vices came from abroad, the domestic situation was without
improvement, and further shrinkage in price of 5 points was
shown. Yesterday, however, the tone steadied up and re­
covered 10 points, in consequence of previous free liquidation
of long holdings and desire oi many shorts to cover and secure
profits before t he end of the year. To day tl ere was continued
settling of deals in anticipation of the coining holidays, caus­
ing irregular values but leaving final rates about steady.
Cotton on the spot has sold very moderately, closing at
7 1316c. for middling uplands. This and the Liverpool mar­
ket adjourn until Tuesday, January 2.
The totil sales for forward delivery for the week are 5S7.40Q
bales. For i name It ite delivery the total sales foot up this week
2,739 bales, inclu ling — - for export, 659 f >r consumption,
80 for speculation and 3.018 on contract. The following are
the official quotations for each day of the past week—
Da-ember 23 to December 29,
R rt-s on and off m iddlin', as established N>v. 32 by the
Revision Committee, at which grades other than middling
may be delivered oa contract:
F d r .................................e. 1*4 oo. Good Ordinary...............e. 1*6 off.
Even.
Midflllur Fair............. ...
% oa. G ood M d lliuz T in g ed ...
S rlot Good Middling....... ’ n on. Strict Mi idling Stained.. 7%, off.
Middling St tine t ............ 7\ off.
k
Good Middling.................. 6 is oa.
Strict bow Middling........ 3n off. Strict Low Mid St due l.. 2r ,3 oft.
Low Middling S t iia e l___4% oft.
Low M iddling................... 7vs off.
Striot G ood O rdinary... . . 1*10 off.

O t this basis the prices for a few of the grades would be as
follows:
S a t.

jTOoiijTru.es W e d

d

c3

O
a

UPLANDS.

o
a

6\
7* a
7 78

Low Middling”- .- - - . . . . . . ........
Middling___",..............................
Middling Pair.............................

S a t.

GULP.

..........

Middling F a i r .......... .................

S a t.

Middling

Goo l M idJliog Tioered........ .

8U,«
F r i.

7
7I11(
8 l<
8
s ’ l*
9

61-he
7 58

6i*ie
7%

8%

8%
815,b

C
3
§
o
a

7V
8 4,038
8 lsie

M o n T r ie s W e d

TU.

67
ih
6 4}
7h,t 7%
7%
2 7 1 Uo 7 ‘0.2
713,«
77S

Holi- Holiday. day.

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

0 ' ‘ l8
7%
7 l3is

T il.

©
tu

STAINED.

83t

F r i.

T il.

0ll„
73g
7-38
7 l !-e 7 l i , f
8^
8U, „

M on ru e s W ed

f>
>
&
Middling

H r l.
6h«
73«
7193a
713,»

MARKET AND SALES.

67.4U

517.88-1
21,235
183,307 781,37?
„ „
20,725
22 01 330,601
0,2
6,330
81,808
101.804 235,8 0
69,653 120,588
2,950
81.809
48,803
18,500
06,89! 301.287
2.212 79.093
06,70x1 07,922
2,7 0
10.293

14,788

90,65 4 1S 357
65,937 13,975

Total 1 8 9 3 _ . 192,25 4 23.026

2 12 924

Week Ervlin i Dee. 29.
From Sep-. 1, 1*93* to Dec. 29 1893
' B e l
Exported to—
Great
Conti­ ToUU Great
Conti­
France nent. Week Britain France nent.
ToUt.
SrU'n.

316 212
134 858
95.724
72,754
40,190
55,^35
203.298
70,585

1,124
4,961
2,800
5u0
Hone.
5,400
Hone.
Hone.

3 5,23 i
30,120
51.000
10.000
6,000
3^,700
7,200
43.000

Slum R th 1 1 1 7 2Hii 356 • SOO *811 28 *448 *477 4330.719 3*32,805
a I’.

The exports for th > wee c ending this evening roach a total
of 131,701 bales, of which 70,195 were to Great Britain. 24,958
to France and 30,308 to the rest of the Continent, Below are
the exoorta for the week and since September 1, 1891.

62.738
55.459
35,300
l-,5 0
6,000
48;400
17,f 00
81.00

15,58
12,946
18,000
2,000
Hone,
3,30 10,100
33,000

Hew O rleans...
Galveston,.......
Sa v a n n a i l ............
C harleston,.....
M obile. . . . . . . . .
Norfolk . . . . ___
Yew Y ork ..___
Oilier p o r t ___

The total sales of cotton oa the spot and for future delivery
each day during the week are iudiciced in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
________________ ________________________ __
SALES

SPOT MARKET
CLOSED.
Sat'd a y .
Monday
Tuewlav
WaT lay
T liu rd 'y
F rid ay .Total.

Quiet at, »jp dee.
Dull at i i >d ec..
S tea d y..........
Q uiet..................

OF SPOT AND CONTRACT.

Sales o f
Futures.

Ex­
port.

Con- Spec- Con­
sump. uVVn tract.

Total.

x
s

.. Holi days.
80
160

800

1,040

300
900

704
9 -5

181,200
149.100
120.100
117,000

2,009

2.739

567,400

..

40»
95
....

659

80

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i
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O

S

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i
S -S 5
<
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g o o d
» ^ ^
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3 a a 3
“ 1 —1 3
- 0 -. T

T owns .

S . S 'g d
f - g aJis
CC
A < “ d
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® 0
C
D

o ® l-S
a - s 541
i l i s s
. <*
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• i.
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g p ftg
H © rH 0<
H
r «2
■
a S 'a a m
a ' j o b
5 « -3 a |
o > o o
> o

Euf aula,
Montgomery
Selma,
Helena,
Little Rock,
Albany,
Athens, t
Atlanta
Augusta,
Columbus,
Macon,
Rome,
Louisville,*
Shreveport,
Columbus,
Greenville,!
Meridian,
Natchez,
Vicksburg,
Yazoo City,!
St. Louis,
Charlotte,
Raleigh,
Cincinnati,
Columbia,
Newberry,
Memphis,
Nashville,
Brenham,
Dallas,
Houston,

Movement to December 29, 1893.
Receipts.
Shipm'ls Stock
This
This
Since
week. Sept. 1 /9 3 . week. Dec. 29.

381
1,479
752
906
1,155
666
2,500
4,492
it
3,499
it
910
“
2,067
<
•
1,218
147
K entucky .
1,783
L ouisiana ..
399
M ississippi.
“
1,060
ft
3 5
it
1,562
it
1,806
“
2,433
M issouri... 31,282
2S1
N.Carolina
*
*
338
8,926
Oh io ............
910
S. Carolina
“
17
Tennessee . 22.957
“
1,121
412
T e x a s .........
1.269
a
44,349
A labama . ..
t(
“
A rkansas ..
“
Georgia ___
“

17,661
111,735
60,603
28,928
52,060
32.296
53,142
106,921
153,814
54,847
55,559
54,075
2,854
59,119
21.224
27,065
25,765
29,347
41,326
39,062
371.013
13,702
20,713
117,870
17,781
9,830
368,881
23,586
39,024
32,270
820,431

Movement to December 30, 1892.
Receipts.
Shipm’ts Stock
This
This
Since
week. Sept.l,' 92. week. Dec. 30.

5,4 27
488
2,137 21 7^7
883 12 570
1,657
5,642
1,550 10,516
570
7,865
2,400 11,600
3,477 13,366
7,950 39,502
937 11,699
2,184
8.299
1,647
8,058
94
705
1 508
16,786
300
3,441
600
5,500
252
1,936
941 10,062
1,123 17,003
1,935 18,437
27,596 58,607
200
331
938
1.850
9,165
5,385
910
103
297
15,C81 151,239
1,554
1,961
4.163
313
1.672
2.020
44,418 36.974

225
2,914
433
42L
1,385
317
1,176
2,436
2,239
1,070
413
2,002
674
1,098
222
1,184
200
920
1,647
200
18,706
U1
116
5,100
398
200
14.972
1,429
348
363
25,304

17,868
94.271
48,882
24,591
20,659
28,286
33,837
92,147
141,991
53,327
49.791
49,358
5,332
47,110
16,484
23,095
17,928
27,276
39,497
19,736
257,930
15,495
17,806
110,108
21,461
10,522
2 79,650
26,782
40,348
29,757
875,055

4,475
17.631
7,940
10,665
10,476
5,154
1*2,000
10,672
46,378
15,999
4,286
9,108
3,520
15,252
5,809
5,683
5,579
11,622
19,103
800
80 >45
500
2,200
6,797

g l3 -2 ^ ^
§P d
+»
$• c A
«
CA

ff r- tr © o
t

• >05 & > H
H
®<n 2
^
f e ^ .2 -2 S

53b
118,595
5,346
1,115
1.449
39,92*2

©"f- D r3
D_ > C 2
_
O
q q > C 0 © >2 2
©©
•-©© C d O ^
d
> ^ D H C Sd 3
2
3
d ®h w vf
h
S3 q ® q ,

88,723 2,536,3801 78,221

Total, 31 towns.......... 141,392 2,862,501 135,121 492,430

78
3,070
537
218
1,197
317
911
2,727
895
1.284
1,176
1,364
429
1,122
381
1,144
200
1,226
1,052
462
13,611
11
166
5,497
39S
250
12,427
1,583
1,000
736
22,752

479,451

* - ~ H 3 §
73 S

| . 2f S “ P
1 5 2^ 2
i 2
“ §
N O 2 . • w0
d 0
© ■©
H
£ 0 ©^ 2
3
I

© ^ S ci
q " ■'
<H
-p 05
"£'5 ©
pS
f 8 S O S ® g§ a ?°
grH
* © © 0 ^ 23 ©i 'h-'H
0 to 3 0
3
q-.9
$ b E H—
42 4
2
t —q r ru ® J C rt
-<
3r ®
Q
s it & 2 © S ©
c
2
fcrfltp
;
© ®*I3

PA
Market, £a£es and
Prices of
FUTURES

W
o

Market,
Range and a ___________
Total Sales. I December.

D A IL Y PRICES AND
January. | February. 1

March.

April.

*• U
©©
.0.0

SALES OF FUTURES FOR EA C H MONTH.
May.

June.

July.

August.

| September.

October.

November.

Q
w
£

P
O

m
P
S
D
H
D

TO
-M

Saturday, Dec. 23—
Sales, total..............
Prices paid (range)
Closing.....................

f < Q Wednesday, Dec.27 e j
Sales, total..............
0 3
Prices paid (range)
§
Closing....................
o ©
H >
■
H •H Thursday, Deo. 28
r
Jr c
/5
Sales, total..............
^ p
©
Prices paid (range)
G »S
Closing....................
3 2
^ a Friday, Dec. 2 9 C 2
D
Sales, total..............
a O
Prices paid (range)
P ©
Closing.....................
^ b
it
02 q
Total sales this week.
Average price, week.
3 I
Sales since Sep.1/93*

®©
r c
>

HOLIDAYS .

.a

A v e r.. 7-42 Aver .. 7-43 A v e r .. 7*53, Aver . 7*63 Aver . . 7*72
Lower.
8,700
60,100
14,300
1 500
3 1/,200
149.100
7 '40A 8-02 7*40© 7-44 7*40© 7*47 7*52® 7*56, 7*61© 7*66 7*69® 7*75
7 *4 4 - 7*46 7*45 - 7*46 7 * 5 4 - 7*55| 7*63 7*64| 7 *71 - 7*72
Steady.
I
7*50 A v e r .. 7'60|Aver . 7*68'A ver.. 7*77
Aver .. 7*49 Aver
Firm.
9,600
55,800 |
14,300
16/700 I
l 200
1 2 0 .10 0
1
7 '4 ‘3'jj 8 01 7*47© 7*51 7*46© 7*56 7-550 7-64' 7-63 9 7-73 7-72 0 7-32
7 -82
7 *5 4 - 7 56 7*55- 7-56. 7 6 1 - 7-65; 7-73 - 7-74; 7-81
Higher.
I
L
Aver
7-73 Ave*7vl
7*54 A v e r .. 7'64A ver
Unsettled. A v e r..
10,900 |
62,600 I
19,000
117,00u
...
1/800 1
— ft — I 7 '5 1 9 7*58 7-59o 7-69 7 -6 8« 7-78 7-77 0 7-36
7-61® 8 ’l l
7-65 7 -7 3 - 7 7 4 ' 7 -8 1 - 7-82
7*57- 7*58, 7*57- 7*58 7-61
Steady.

A v e r .. 7-79 A v e r .. 7-87 A v e r .. 7-93 A v e r .. 8-01 Aver . . 25,500
4,100
2,700
1,000
7-77 a 7-83 7-85 0 7-91 7 92 0 7-95 8 -000 8-02
7 -3 7 - 7-39 7 -9 3 - 7-94 7-99 - 8-01
7 -8 0 - -

Aver

A v e r .. 7-86 A v e r .. 7-93 A v e r. 8-01 Aver . . -------- A v e r.. 19,460
1,000 I
2,100 I
.........
7-80 9 7 90 7-89 0 7-94 8-010 —
— o'
— ® —
7-89 - 7-90 7 -9 7 - 7-98! 8 -0 3 - 8-041 8 0 9 - 8'11

Aver . . -

Aver
7-89 .Aver . 7 99 Aver .. 8-04 A v e r.. 8-08 Aver . . 20,200 I
1,960
100
500
— o'
7-849 7-94 7-950 8'02 8-040 8-060 8-11
7 -9 0 - 7-91 7 -9 7 - 7'98 8 -0 3 - 8'05 8 -0 9 - 8-11

Aver . . .

4 800
7-47

97,500
7-49

44,100
7-59

239,200
7-68

63.400
7-77

100.200

16.707.800 I 1,862,400

7,015,100

1,225,500

4,071,800

534,800

869,200

567,400

7-85

9,800
7-93

5,400
7-99

3,000
8-05

119,200

14,300

8,100

A ve r. -------

m3

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

Aver . . -

* ©
H
©>
Si
©L

— o’ " —

7 '6 9 A v e r .. 7-78 Aver .. 7-86 A v e r .. 7-93 A v e r.. 7-99 Aver .. 8-07 A v e r.
Aver .. 7-49 A v e r .. 7*50 A v e r .. 7*59 Aver
Weak.
60,700 |
15,800
2,800
500 I.
1,500
47,800
14,900
2,100
35,100
181,200
7 ’46® 8*10 7*47© 7-52 7*46© 7 54 7'55© 7 64' 7-66© 7-74 7*73© 7*82 7-82 4 7-90 7-89 0 7-98 7-970 8-02 8-050 8-10
7*68- —
7 -9 2 - 7-93 7-98
7 -7 6 - 7*77 7 -8 4 - 7-85
8-00, 8 -0 5 - 8'06
7 *4 8 - 7'49 7-48 - 7-491 7 -5 8 - Lower.

~
ro
u
© ..

— o

— o'

-

o'

Aver . . ------— it '"—
Aver . . -------

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•S-. a & ® p j ..
0 « 3 -0 g m a
°-'M o

§
s a .-g
>

sa

'■ o
H

Monday, Dec. 25 —
Sales, total..............
Prices paid (range)
Closing.................... )
Tuesday, Dec. 26
Sales, total..............
Prices paid (range)
Closing....................

2
S

fe

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a

THE CHIUXNICLE.

D ecember 30,1898.]

(QUOTATION'S FOR MIDDLING COTTON AT OTHER MARKETS.—

Below we give closing quotations of middling cotton at South­
ern and other principal cotton markets for each day of the week.
Week ending
Dee. 29.

CLO SIN G Q U O TATIO N S F O R M ID D L IN G COTTON O N -

Mon.

Galveston...

Tues.

Wednes.

Thurs.

.

Satur.

7*18

7H
7's

7H

7»i«
71 is

71,6
7
7ia

7 516

New Orleans
Mobile
Savannah
Charleston
Wilmington
N orfolk........
Boston
B altim ore
Philadelphia
A u gu sta. . . .
M em phis.—.
St. Louis___
Houston ..
Cincinnati
L ou isville...

;
;

7h »

.

;
2

7h

7%
7M
71 Ha
7%

7U

7-<V

8 Ms

a
i
i

•
j
2

7*4
7»i-

.

7kj
76,8
7%

7*8

7s,

7H
8H
7® 7%
7H

76,a
7{e

78)
7H«

TLj

7*.a

7%
7*ie
7
7%

Fri.

7%

73,6
71,8
7

7 0/7^3
------

7%
711,8

7%
713!6
7%

7\
83,8

831S

7 * 7ia
7*8
76, «

7%
73,8
7*4

74
7H
7%

719

71, a
7%

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
Atlanta.

..
.

Enfaula........
R e c e ip t s

from

7

Little R o ck .—.
M ontgom ery.-.
N ashville.........
N atchez. - . . . . .

7
6%

3

the

7

7

N ew berry....... .
1 R aleigh ............
j B elm a ..... . . . . .
1Shreveport.___

6'0
7
7
0

%

P l a n t a t i o n s .— The following table

indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
|Bemipts at th Ports. \str at Interior Towns. Pec'pts from PHnt’n#,
e.
k
Wuk
Ending—
| 1*01. ! 1*08. j a m . I 18BI. 1 *89*. I 1S03. 1891. m92, 1893.
Not. 24. .. bl::,I:3|i5I.78.j20,,OOojM,,,l':;3loA«o',o9,8So|31J.8O, 274M> 812,019
Dec. 1.... •03.181 21S 3S5 2B6.8311631.410 3Sfl.037 ,21.l«l>!3l3,C83 296.122 309,708
Ol;289,9lotSit,103' 6& 7U 482.4S* 44t,?2obg8.8" 9 281.73? 330,357
t,
M 8 „ .. f 3
* IS.... jS77.im 3U.3tSJ S00,392b07. MsUfiS.M01
468.006 330 (503 234.094 327,688
20
190.072 29l.S75 030.03i 468^)52 -186.169 282.896 •204,775 309.168
L
403,430232,405 176 445 206.4 L
M 29,... 254 CIS 165.018 260,140 6*7.844i4?0.4&41

The above statement shows: 1.— That the total receipts from
the plantations since Sept. 1 in 1893 are 4.573,521 bales; in
1892 were 8,910.620 bales; in 1891 were 5,496,170 bales.
2.—That although the receipts at the outports the past wf efe
were 206, HO bales, the actual movement from plantations was
206,111 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 116,415 bales and for 1891 they were
232.105 balea.
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d s in c e S f.p t . 1.—

W e give b* low a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given.
This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Dec. 29
and since Sept. 1 in the last two years are as follows:
1893.
December 29.
Week.
Shipped—
Via 8t. L o u i s ............................
Via Cairo.......................................
Via Hannibal......... ......................
Via E van sville..........................
Via Louisville..... ...............- .......

Since
Sept. 1.

1892.
Week.

Since
Sept. 1

13,611
8,232
1,967
793
3.511
3.484
3,394

223.487
122,224
109,231
1<U85
81,667
57.608
85,857

835,238

31,994

690.259

121.318
17,632
58,975

11,708
1.347
1,118

120,320
15,209
34,673

27,596
11.66,
1.790
129
5,034
5,765
5,426

331,458
144,137
12.614
5.895
59.449
63,738
67,967

57,781
10,973
801
5,292
17,066

197,955

14,173

170 202

Leaving total net overland*.. 40.095 487.333
* laoln dln g m ovem ent by rail to Canada.

20, « 2 1

520.057

Via other routes, Ac...................
Total gross overland................
Delucl t/upmenle—
Overland to N, Y., Boston, A c..
Between Interior tow ns............
Inland, Ac., from South............
Total to he deducted________

The foregoing shows that the week’s net overland movement
this year has been 10,695 bales, against 20;821 bales for the
week'in 1892, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 82,721 bales.
1893.
In Sight and Spinnere’
Takingt.

Week.

Since
Sept. 1.

1892.
Week.

Since
Sept. 1.

R eceipts at ports to Deo. 2 9 ........ 26 0.H 0 1,157,260 165,943 3.565,800
40,895
20,821 520,057
Net overland to Dec, 2 9 ..........
io n thorn consum ption to Dec. 29 20,000 301,000 19,000 276,000
T otal marketed................... . 320.835 4,945,593 205,764 4,361,85 7
6,271 416,264 10,502 350,820
Interior stocks in exceaB____ . . . .
216,266
Came Into sight daring week. 327,106
5,38 i",857
4,712.677
T otal In sight Deo. 29.............
.........
856.7401
.......
963,137
Rorth’ n spinner* tak’gs to Dec.29

It will be seen by the above that there has come into siabt
during the week "327,106 bales, against 216,266 bales for the
same week of 1892, and that the increase, in amount in sight
to-night as compared wbh last year i» 849.180 balps.

1127

W e a t h e r R eports b y T e l e g r a p h .— O ur telegraphic ad­
vices from the South to-night indicate that the weather has
in general continued favorable for the rapid marketing of the
crop. Rain has fallen in many localities, but the precipita­
tion has as a rule been light and in the eastern Dortion of the
cotton belt the weather on the whole has been dry.
Galveston, T exa s. — W e have had showers on two days of
the week, the rainfall reaching thirty-eight hundredths of an
inch. The thermometer has averaged 65, ranging from 59
to 71.
Palestine, Texas. — There has been one good rain the past
week, the precipitation reaching one inch and twenty-seven
hundredths.
The thermometer has ranged from 41 to 72,
averaging 58.
H untsville, T exas. — The week’s rainfall has been one inch
and ten hundredths, on two days. Average thermometer 59,,
highest 78, lowest 45.
Dallas, T exa s. —It has rained on one day of the week, the
rainfall reaching for!y-two hundredths of an inch. The ther­
mometer has averaged 52, the highest being 72 and the low­
est 81.
San A n to n io, l e x a s . — It has rained on three days of theweek, the precipitation reaching fifty-eight hundredths of an
inch. The thermometer has averaged 66, and ranged from
58 to 76.
L uting, Texas .— Rain has fallen on three days of the
week, to the extent of fifty-two hundredths of an inch. The
thermometer has ranged from 58 to 77, averaging 68,
Columbia, l e x a s . — W e have had no rain all the week. A v ­
erage thermometer. 68, highest 77, lowest 59.
Cuero. T exas. — W e have had showers on three days of the
week, the rainfall being fifty-five hundredths of an inch. The
thermometer has averaged 68, the highest being 78 and the
lowpst 59.
Brenham , Texas.-—W e have had splendid rain on three days
during the week, the rainfall reaching one inch and thirtytight hundredths. The thermometer has averaged 61, rang­
ing from 50 to 72.
Belton, T exas. — There have been showers on two days during the week to the extent of sixty-four hundredths of an
inch. The thermometer has ranged from 48 to 71, averaging
60.
F o r t W orth , l e x a s . —There has been one shower during the
week, the precipitation reaching thirty-five hundredths of an
inch. Average thermometer 53, highest 72 and lowest 34.
W eatherford, T exas. — Rain has fallen lightly on one day
of the past week, the precipitation being twenty-seven hun­
dredths of a inch. The thermometer has averaged 53, the
highest being 70 and the lowest 36,
N ew Orleans, Louisiana. —W e have had no rain all the
week. Average tlierinometer 61.
Shreveport, L ouisiana. — W e have had rain on two days of
the week, the precipitation reaching sixty-two hundredths of
an inch. The thermometer has ranged from 40 to 71, averag­
ing 58.
Columbus. M ississippi. — The week’s rainfall has been twelve
hundredths of an inch on one day. The thermometer has
averaged 62, the highest being 88 and the lowest 30,
Ldancl. M ississippi. — Telegram not received.
M eridian, M ississippi.— Ninety per cent of the cotton in
East Mississippi has been marketed. Pleasant weather has
prevailed the past week.
Helena. A rka nsa s.— W e have had light showers on two days
of the week, the rainfall reaching thirty-five hundredths of
an inch. Weather now warm. The thermometer has aver­
aged 54, the highest being 70 and the lowest 34.
L ittle Rock, A rka nsa s.— Telegram not received.
M emphis, Tennessee.— The weather has in general been
warm during the week with only a trace of rain. It is now
char. The thermometer has averaged 54-9, ranging from
34*3 to 73.
M obile, A la ba .T n a .-lt has rained on two days of the week,
the rainfall being seven hundredths of an inch. Average
thermometer 59, highest 74, lowest 37.
M ontgom ery, Alabam a. — The stock of cotton in the interior
is running down rapidly. No rain all the week. The ther­
mometer has averaged 58. ranging from 43 to 69.
Selma, Alabam a.— The weather has been dry all the week.
The thermometer has averaged 50, ranging from 30 to 71.
M adison. F lorid a. — Telegram not received.
Columbus. Georgia.— W e have had dry weather all the
week. Average thermometer 41*7, highest 62, and lowest 32.
Savannah. Georgia.— The weather has been dry all the
week, the thermometer has averaged 57, the highest being
74 and the lowest 39.
A u g u sta , G eorgia.— The weather has been clear and pleas­
ant all the week. The thermometer has averaged 53, ranging
fr o m 80 to 70.
Charleston, South Carolina.— There has been no rain the
past week. The thermometer has ranged from 39 to 73, aver­
aging 56.
Stateburg. South Carolina.— There has been no rain during
the week. Frost and thin ice on three days, Average ther­
mometer 50-8, highest 70 and lowest 27.
W ilson, N orth Carolina.— Telegram not received.

THE CHRONICLE.

1123

[V o l .

lvh

.

The foil owing statement we have also received by telegraph,
showing the height of the rivers at the points named at
3 o’clock December 28, 1893, and December 29, 1892.

for 1=£ lbs.. 5%e. for 2 lbs. and 6%c. for standard grades in a
jobbing way. Car-load lots of standard brands are quoted at
4^ e. for \% lb3., 5c. for 2 ins. and 5Wc. for
lbs., f. o. b. at
New York. Jute butts have been dull at
for paper
Dec. 28, '93. Dec. 29, ’92
grades and 2t^@ 2^c. for bagging quality.
Feet.
Feel.
S e a I s l a n d C o tto n M o v e m e n t .— Wo have received this
New Orleans. . .
7*3
3-7
6-4
12 3
Memphis...........
(Friday) evening by telegraph from the various ports the
3-8
8-0
Nashville..........
details of the Sea Island cotton movement for the week. The
23*9
0-7
Shreveport........
receipts for the week ending to-night (Dec. 29) and since
Vicksburg......... ___Above low-water mark.
23-4
6-8
Sept. 1, 1893, the stocks to-night, and the same items for the
I ndia . C o tto n M o v e m e n t f r o m a l l P o r t s .— The receipts corresponding periods of 1892, are as follows.
and 8 iipments of cotton at Bombay have been as follows toi
1893.
1892.
Stock.
the ween and year, bringing the figures down to Dec. 28.
Receipts to Dec. 29.

BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.

Oontinent.

1893
1892
1891
1890

1,000
1,000
1,000

3,00G
6,000
l.oOO
6,000

3,000
7,000
2,000
7,000

7.000
6,000
5.000
7,000

Total.

This
Week.

99,000
93,000
47.000
43.000

Great
Xtar Great ContiBriVn. nent. Total. Britain

106,000
99/00
52.000
50.000

38.000
42.000
18,000
44.000

Since
Sept. 1.
248,000
216,000
142.000
258,000

According to the foregoing Bombay appears to shoy
a decrease compared with last year in the week’s receipts o
4,000 bales and a decrease in shipments of 4,000 bales, anthe shipments since Sept. 1 show an increase of 7,000 bales
The movement at Calcutta, Madras, and other India ports f oi
the last reported week and since the 1st of September, for twt
years, has been as follows. “ Other ports” cover Ceylon
Tuticorin, Kurrachee and Coconada.
Shipments since Sepi. i

Shipments for the week.
Great
Britain.
Calcutta—
1S93.........
1892.........
M adras1893.........
1 8 9 2 ...
All others—
1893 .......
1892.........
Titvl a l l 1893.........
ffll8 9 2 ...._.

Conti­
nent.

Total.

Great
Britain.

Continent.
3.000
5.000

5.000
8.000

Total.

1,000

1,000

2,000
3,000

1,000

1,000

16,000
13.000

8.000
6,00U

24 000
19.000

1,000

3,000

18.000
16,000

21,000
23,000

39.000
38.000

1.OOO

1,000
4.000

36,000
32 O O
O

32,000
33 O O
O

68.000
65 O O
O

2,000
1,000

3 ,oon

The above totals for the week show that the movement from
the ports other than Bombay is 3,000 bales le s s than the same
week last year. For the whole of India, therefore, the total
shipments since September 1, 1893, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL INDIA.

1892.

1893.
Shipments
to all Europe
from—

This
week.

Since
Sept. 1.

This
week.

1891.

Since
Sept. 1.

This
week.

Since
Sept. 1.

Total.

3.000
1.000

106,000

7.000
4.000

99.000
65.000

2,000
7,000

52.000
70.000

4.000

Bombay...........
A.11other ports,

174 O O 11.000
O

164.000

9,000

122.000

6 8 ,0 0 0

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

arraugi:ments we have made with Messrs. Davies, Benachi & Go., ol
Liverpool and Alexandria, we now receive a weekly cable of
ttie movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for tin
corresponding week of the previous two years.
Alexandria, Engpl,
December 27.
Reoelpts (cautars*)___
This w eek...,
Since Rapt 1

1891

1892.

1893.
195 000
2,576.000
Since
This
week. Sept. 1.

160,000
3,194 000

210,000
3 8 46 000

Since
This I Since 1 This
week. Sept. l.| week. S pi 1.

Exports (bales)—
To Liverpool............ 13,000 142.000 8,000 207.000 1«,000 207.000
To Continent............ 7,000 102.000 10.00C! 119.000| 2,000 65 000
Xotal Eirope......... 25 lion 244 09
* A cantar is 98 pounds.

18,0001 126.000 18.000 272 000

This statement shows that the receipts for the week ending
Dec. 27 were 19.5,000 cautars and the shipments to all Europe
35,000 bales.
M a n c h e s t e r M a r x e t . — Our report received bv cable to-night
from Manchester states that the market is dull for yarns but
steady for sheetings. Manufacturers are gsn -r illy wall un 1-r
contract. We give the prices for to-day belo w au l leave those
for previous weeks of this and last rear for couoarison:
1892

1893.
3 2 . Oop.
T w itt.

8 lbs.
Shirtings.

Ooll’n.
Hid. 32 j Oop.
Twist.
TJplcls

d.
d.
<
1
d s. d. 8. d
d.
4 a, 75, 'SH )
M
Nv.24 6'SI6i*738 5 K 'v m 7
74, 'Z S jDec. i 6 \ 0> »» 5 8 ® 7 7
7
DM
47ib
S im i6 »73s 5 7 4 i* 7 7
45,« 74,
15 6 b 8 974, 15 7 9 7 6
4?19 74, ^ 8 38
22 61. ® 7 W 5 6ki®7 5>, 4^ .0 74, '©S’s
29 6
®74i 5 6 ® 7 4 V 4*4 7 \ ®8»s
'
J ute B utts , B agging, &c.—B usiness in

8*4 lbs.
Skirtings.
s.
5
5
5
5
5
5

This
Since
This
Since
week. Sept. 1. week. Sept. 1. 1893.

Beceintt

Shipments since Sept. 1.

Shipments this week.

4,
s
7*>-®7
7Vi®7
7V<S7
8 'it>
7
8 ^7
8 rt>7

d.
2
2
3
3*3
9hi

Con
Jfid
Vplo
d
5*8
5-410
54,
54,
55

jute bagging has
lacked features of importance during the past week, but
■quotations have ruled steady, the close to-night being at 5),^c,

8av aunah..........................
Charleston.........................
Florida, &c................. .

1,761
3

43,20*
1,840
2.242

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

1,764

47,29

1892.

8-<9
212
254

26,373 13 953 10,940
5.192 1,026 1,540
752
2,750
160

1.05ft

34,315 15,731 12.640

The exports for the week ending this evening retch a total
of 24 bales, of which 21 bales were to Great Britain,----to France and — to Reval, and the amount forwarded to
Northern mills has been 1,502 bales. Below are the exports for
the week and since September 1 in 1893 and 1893.
Exports
from—

Week Ending Dec. 29. Since Sept. 1, 1^93.

North’n Mills.

Great Fr’ nce
Great Fr'ncc
Total. BriVn
Total.
BriVn.
&c.
dc.

Since
Week. Sept. 1.

Savannah...
Ch irleston..
Florida.......
New York..
Boston........
Baltimore ..

.........

Total........

24

Total 1892..

15,700
166

___
24

....

24
.........

........

_

2,73t
3 id
.........

21 18,924
200

200

«,410

1,520 17,220
166
1,312
.........

4,042
3 ,9
.......

1,310
192

____

8,644
892
2,057

.........

.........

2,332 21,757

1,502 11,593

9,^39

519 13,837

13 9

We include each week only such cotton as is actually
exported. In other words, a large portion of the Sea Island
cotton shipped to foreign ports goes via New York, and some
small amounts via Boston and Baltimore. Instead of giving
such cotton in the exports for the week in which it leaves the
Southern outports, we f blow the same plan as in our regular
table of exports of including it when actually shipped. The
details of the shipments of Ssa Island cotton for the week w ill
be found under the head “ Shipping News,” on a subsequent
page.
Q uotations —Dec. 29—Savmnah, Florid is, common, 13)^c.;
medium fine, 16 ; choice. lS1
^.
Charleston, Caroliaas, mrdium fine, 20 to 22c.; fine, 30 to
35c.; extra fine, 40 to 50c.
The following exchanges have been mnde during the week :
36 pd. toexch.ll.200Jau.for May.
34 pd. to exch. 400 Jao. for May.
20 pd. to exch. 6,200 Jan. for Mch.
19 pit to exch. 14,800 Jan.fur Moh.
23 pd to exch. 11,200 Jan.for Apr.
50 nd. to exch. 500 Jan. for July
45 pd. to exch. 1.200 Jan for J'ne.
25 pd. to exch. 500 Moh. for June
■28 pd. to exch. 1,500 Dec. for Apr.
Even 1,200 Pec. for Jan
■37 p i. to exch 1,600 Jan. for May
■59 pd. to exch. 500 Jan. for Aug
•41 pd. to exch. 300 Jan. for June.
•09 pd to exch. 5 JO Jan. for Feb.
•49 pd. tnexcn. 1,000 Jan. tra July.
27 pd. to exch. 3,500 Jim for Aor.
•18 pd. to exeh. 1.500 Jan for Mch.
•13 pd. to exch. 1,000 Jan. for J’ oe

-03 pd. to exoli. 109 Jan. for Feb.
’ 15 pd. to exoli. 200 Jan. for Meli.
'Si pd. to exch. 700 Jan. for May.
*01 pd. to exch. 300 nee. for Jan.
4 pd. to exch. 1,500 Jan. for J’ ne.
•51 pd. to exch. 500 Jan. s. n. for
July.
■09 pd. to exch. 300 Feb. for Mch.
•17 pd. to exch. 1.5 >0 Mch. for May
42 pd. to exch. 5 oO Jan. for June.
•16 pd. to exch. 1.600 Mch. for May.
24 pd. to exch. 20o Mch. for Juno.
•43 i>d. to exch. 600 Jan. for June.
•0 i pd. to exch. 200 Jan. for Feb.
•07 pd. to exch 400 June for July.
•24 pd. to exch. 'OO Mch. for June .
34 pd. to excn. 200 Jan. for May.

E a s t I n d ia C r o p . — The following is from Messrs. Lyon,
Comber & Co.’s circular, dated Bombay, November 24:
The rain in tlie districts lias naturally delayed Hie crop a week or
two, and in many stations the gins and presses were stopped for sev­
eral davs. and as the road* are in an unsatisfactory condition supplies
from tlie interior are coming forward very slowly. It is difficult to
ascertain at present woat the extent of tlie damage to tlie Oomra and
Khandeish crops Las been, but our i iformatioa leads us t< think it is
>
not very serious, but of course a tall of several inches at this time of
the year must result in a certain amouut of black leaf and stain, and
we expect the arrivals for some time will show signs of this; but if no
more raius f ills later pickings mav be quite satisfactory both in the
Berars and Khandeish. in the Bengal districts the fall has, we think,
heeu heavy enough to slightly injure the quality of part of the crop,
but beyond a little more stain wo do not; t> ink much harm has been
dune. The fall in the Broach and Dhollera dis ricts bas, we think, done
more good than harm, and though the crops ma> be delayed a little in
consequence the chances are ihe good done to some of the plants
(which, owin'? to a scarcity of rain a mouth or two ago, were looking
withered) will result in a larger out turn than if no rain had fallen,
(’r p accounts to hand by wire to-day are generally satisfactory, iuaomiu-h that the weather has cleared up again, ami prospects aro conse­
quently better than they were a few day s ago. We anticipate larger
crops all round th *n we hud last year, and the recent rain has cer­
tainly not lud the effect of reducing the out-turn—in fact, the yield is
more likely to be increased than decreased by the fall we have hau
tnis week. The N. E. monsoon has continued to bring very heavy ram
to the Madras Presidency, the downpour, after several \ears or scanty
moisture, being unusually he «vy. a s much as 2 1 inches have been
registered at. Madras ciiv since November 1. agamst an average or 14
inches, audfurther south fr in t2 to 25 inches, against a mean of 4*«
io 15 inches. Unfortunately the fall was accompanied by a cyclonic dis­
turbance. whicu rapidly passed over (12th inst.) to the Malabar coast,
a id tur'iing uortli. about 2*»o to 300 miles our at sea, again curved in
aod struck Veraval on the Kathiawar coast on the 19th. Heavy rain
accompanied th-* storm, which eventually passed inland, ana has now
almost dispersed. Guzerat, Kathiawar and parts of Central India and
Raipuraua as well »s portions of the N. W. Provinces and Punjab have
felt the influence of the storm. The rainfall, while doing good to wneat
and seeds, naturally caused damage in the districts whore cotton is
being picked.

THE

December 80, 1893.]

CHRONICLE.

E x p o r t s o f C o t t o n G o o d s p r o m G r e a t B r i t a i n . — Below
we give the exports of cotton yam , goods, &e., from Great
Britain for the month of November and since January 1 in
1893 and 1893, as compiled by us from ttte British Board
of Trade returns. It will be noticed that we have reduced
the movement all to pounds.
Cloth.

Yam&Thrmd.

2otaZ of AU.

000* omitted.
1593.

1S93.
1892.
1893.
vm .
Lbs.
Lbs.
Yds.
Lbs.
Yds.
Lb,.
Lb,.
UMH5 80.991 381,296 403,774 73,900 77,515 90,525
UW 80,197
14.421 33,500 312,024 443,181 115,773 SM
89.935
IT,94 3 ■isjm 371,304 418,751 71,931 86,149
98.54S 1,100,022 1,295,708 211,654 248,744 280,847
1993.

January.....
February....
March .......
Tot-liit cjn&r

1898.

1892.
Lbs.
93,500
108,840
110.135
317,287

73,985 91,688
A p ril......... 14.524 80,019 309,092 373,401 59,4 It 71,870
38.841 341,281 395,866 85,«ai 15,n97 84,050 94,888
M ar............ 1
85,300 84,278
June._______ 38.001 17,4,94 34S.958 347.911 87,299i 86,79'
Tot. 8d <juar. 50,94' 58,34« 1.000,314 1,117,178 192,36^1214,457 243.315 270,803
99,0-I
July............. 30,04-■ 18.950 429.595 417,851 82.814 80,12? 103,600
August...— 21.210 21.051- 432,7l« 406.562 83,215 7S.05J KM,4«4 99,100
September... 20.409 22,267 420.440 398,325 80,85 i 78.103 101.283 98,735
02.0*5 H2.218 1,282.751 1.222,243 \i 1«.6S3 234.640

309.327

296.910

Total 0 mo®.. 102.584 187,105 1,384,687 3.635,127 650,7051097,841

813,28d

835,000

Occooer...... 20979 21,080 423.298 390.143 81,403 78,050
Norenjijer__ 22,273 21.883 408.954 422.715] 78,*45 81,131

103.3S4
100,923

SLIM)
104,033

1,150
22.014

1,550
21,739

Tot. M qaar

Stodriost* and nooks.

..... ...

Total e*o rt* nf ootton manafactums.......

1,031.758 1.109,458

The foregoing shows that there has been pro irte l from tue
United Kingdom during the eleven months 1,039.7.53,000 lb3. ol
manufactured cotton, against 1,109,418,000 Ids. last year, or a
decrease of 69,700.000 lbs.
A farther matter of interest is the destination of these
exports, and we have therefore prepared the following
atatements, showing the amounts taken by the principal
countries daring November and since January 1 in each of the
last three years:
•xeoxrs oe ptsce Boons xttn rutvs to FBiscrpAL corrsraiES is
NOVEMBER, A S P FROM JANUARY 1 TO NOVEMBER 3 0 .

(O O © tlit-fc L
O f w dj

T otal y&riIs,..

67,Z*7
‘M .im
iia M
.V H
49.038

191,000 187,152 i,872.<«7 1,944.
mjtm, ....... ~
—
47,0>7
22.257, 24.957
m,U&, 38.-m

28,67*1 21.1841 23.218
24.98H| 2&.813| 21,483

Oth. Birooe (except Turkey)
JB Indies™.. — .............
aatTurkey ancl flfirypt.,.

3.617!
2 0511
4.017
3,w 6
r> |
2,801
2,335j
842|

3,470
S»@83'
£$7$
3,682;
2,761
2.75i|
1,110-

Total Iba................... ....... 20,8321 21,300
Total raltti*..,.................
±$m-’ kH
67Ta*

t o l l j w in g

ark

the

G

ross

1F9.0P>; 210.349 228,981
£<5.340 18.952 £10,351
R s o b ip t s

of

C otton

at

N :w V >rk, Boston, Pnitadeiohia and Baltimore for the pari
week, and since September 1, 1893
| Nmw TOBK.
from—

Bostom .

Since
| Tfl*'
1 u ,„k. S ept,l.

Thit 1 Since
week. 1J#pt.l.

B. Orleans...1 Vl.HA 369.339
Texas........,j 4,310 100.702
Savannah,J 9,631 13 r,426

1,68J

<,123

2'.738

Florida ..... 1.200
33.252;
Bo. Carolina 5,139 47.t0«
No. Carolina'
bai\
&,s:o
74,8401 2,000
Virginia
1L«>:
39.287
North, porta .....
.......... ! 22,950 135,382
T«s**a„, Ac...; 4,239 78.533 4,131
41,813
Foreign.....,'
300j
*,Mlj
79.3
4,055
T ota l..,...' 50,7«‘41 583,99.1 31,504 249,235
L m ijm r ....1 MJm\ 015.812 28,806 247,210

j

PBILADKLPH’A b a l t im o r *.
Thit
Since
week. Sept. 1

......
..
483
1,590

Thit
week.

2,294

Sinct
Sept

.

48.839

...

3,065
3,168
18,664

2,000

69,232

3,219

25,604

........

2,075

29,120

2,108

31,880

Ant- B ’lma, Vera
werp, Genoa, Graz &
<<. Japan. Tota>.
4J
die.
2,660
700
200 21,179*
3,300 4,593 1,000 58 812
59 206
7,501
18,492
7,502
' 5‘eoo
29,200
7,488
. 7,804
7,350
14,592
' 14592
11.081
. 2,950
7,929
13,32 L
7,273
8,136
5,848 1,447

Bremen
Lon<t Bamdon. Havre, burn.
634
23
650
903 25,059 5,432
6,175

923 25,709 49,035

7,407 20,233

1,200 264,072

Below we add the clearances this week of vessels carrying,
cotton fr o m United States p orta, bringing our data down tothe latest dates:

£4,082 £4,052 £4.104

Y&mi—Lb*,
{© W
C#

New Y ork.
N. Orleans.
Galveston.,
Mo b i l e . . . .
Savannah..
Charleston.
Port Royal

hirerpool.
16.312
18.528
53,031
7.501
6.390
13,9 >8
7,350

Total ...1 59,5 15

271951.

408.95 i 422,715!399.41*11

Total value ,,,

Total....................... ......... ..................................... . . . . . . ........2 3 4 ,0 7 2

The particulars o f these shipments, arranged in our usual
form, are as follows:

_
N orfolk_
8.131
Vest Point 7.929
N 'p't News 13.321
Boston. .. . 7 ,2 7 3
Baltimore..
841

1803. | 1892.

JB*® ladles
t
Turkey, Bgrpt ana Africa... ^
Chtummtmy mpmu.
JBarope (esseepl Turkey)..,.
Booth Aiunrieu,...... ........ ..
Konh Amtirifta
AH Other couu tries,.*.. ....♦,

Total bales.

Ne w O rleans —T o Liverpool, per steamers Bernard Hall, 4,478
— M exican, 7 .2 50__ Vesta, 6.300 .............................. ............. 18,528
To London, per steamer Cayo Mona, 9 0 0 .................................
900
To Ha vie, pers steamers Aldborough, 4.800___Dupuy de
Lome, 4.897 . . . Highbury, 3 ,9 0 0 ....S t. Marnsek, 6 ,1 7 5 ....
Seawfell, 5.187..................................................... ................. . 25,059
To Bremen, per steamer Sir Garnet Wolseley. 5 , 4 3 2 . 5 , 4 3 2
To Antwero, net steamers Cays Mona, 3,100___Dupuy de
Lome. 200 ..... ............................................ ........................... .
3,300
To Barcelona, per bark Catalina, 800 .................... ............
800
To Genoa, per steamer Ocean Prince, 3.793 .......... ..........
3.793
To Vera Cr z, per steamer Antonio Zambrana, 1,000............ 1.000
G a l 'ASTON'—To Liverpool, per steamers Birohtleld, 6 ,1 5 0 ....
Deramore, 6 ,2 4 1 ....H industan, 5 ,S 6 5....K i,bu rn , 8.7 13
Monrovia. 6,540___Oswestry, 6,417___ Parkfleld, 6,852
Sta-t, 6.463............. ................................ .........................
53,031
To Bremen, per steamer Sidney Thomas. 6,175 ____ . . . . . . .
6,175Mobile —To Liverpool, per steamer Verax, 7 ,5 0 1 ....................... 7,501
Savannah —To Liverpool, per steamer Cyukrenes, 3,605 upland
and 1,785 Sua I s la n d .......... ...................................... .............. 5,390To Bremen, per steamer Badworth, 5,600 .. ........................ 5,600To Barcelona, n -r steamer Jnan Forgas, 7,402. .................... 7,402
To Genoa, per steamer Buckingham (aidittonal) 1 0 0 ...___
100
Charleston —To Liverpool, per steamers Absina, 7,7 24..... Hi­
bernia. 6, t8 4 .............................................................. .........___ 13,908
To Bremen, per steamer Ariel, 7,804........ . ....... ..................... 7,804
To Barcelona, psrsteamers Chinese Prince, 5.0 50,. Frutera,
2.438 ................................................................ .
................. 7,488
P ort R o i a l To Liverpool, per steamer Ramleh, 7,350 .......... 7,350
Wilmington —To Bremen per steamers Castleveniry, 10,000___
1 lyde, 4,59 J........ ....... .......................................
............... 14,592
No rfo lk —To Liverpool, oer steamer Michigan, 8 ,1 3 1 ............ 8,131
To Bremen, per steamer Avlona. 2 .9 5 H ................... ............ 2,950
West P oint — Liverpool, per steamer Worcester, 7,929 . . . . . . 7.923
To
N ew po rt N ews —To Liverpool, per steamers ........ 13,321 .. 13,321
Boston—To Liverpool, per steamers Augloman, 2,383 . . . Phila­
7,273
delphian, 2.003___Roman, 877___ Sagamore. 1,500 . . . . . .
Baltim ore —To Liverpool, uer steamer Queensmore, 84 1..........
811
To Bremen, per seamer Stuttgart, 4,152................................... 4,152
To Hamburg, per steamer Stabbenhuk, 1,696............... ........ 1.698
To Antwerp, per steamer Ckranto, 1,417............... ............ .
1,447

vUratngt’n

November.

P i t t * G cod *- Y'.snC*.

1129

7,513 131,676
0,300 113,359

ALVEsrof*—-To Ltverpool -Dae. 2 3 —Steamer Lookmore, 6,211.
To Manchester -D ec. 22 -Steamer Finsbury, 4,170,
To Havre Dec. 22 -Steamers Hlglilan ler, 6.434: Slrona, 7,128.
NEW O rleans —To Liverpool -D ec. 22 -Steamer E iskaro, 5,700 . . .
Deo 26—Steamer Satirnina, 4,7oO.._.Deo. 2 8 —
Steamer Astrono­
mer, 6,6 0.
To Manchester Deo. 27 -S tea m er Venango, 4,024.
To Havre Deo 2 3 —Steamer Thomas Anderson, 5 ,3 10 . . . Deo. 26—
Steamer Wastw ter, 5.231.
To Bremen Dec, 27—Steamer Knight Errant, 8,000.
To Hamburg Doc. 26—Steamer Darlington, 2,117.
savann ah— To Warbarg -D ec. 23—Bark Nauna, 1,165.
B rcssw ick —To L iverp ool-D eo, 21 -Steamer Bengere Head, 5,311.
C h a r l e s t o n — To Bremen - Dec. 28—Steamer Glenloig, 8,971.
To Odessa—Deo 22—Steamer 8altram, 5,075.
West P oint -T o L iverpool-D eo. 21-S team er Athole, 6.691.
NtK’ i-or.T n ew s —To Liverpool—Dec. 28—Steamer Shenandoah, 1,592,
Boston—To Liverpool - Deo. 1 9 —
Steamer Lancastrian. 2, i33- ...D e 0 .
20 Steamer Lake Winnipeg, 1,272 ...D e c . 22 -Steamers Caphalonla. 1,494: Sachem, 3,133.
Baltimore - To Liverpool —
Dee. 23 Steamer Parkmore, 458.
To Bremen—Deo. 27 -Steam er H. H, Meier, 5,379.
To Haraburg Deo, 22— steamer Grimm, 222.
P hiladelphia —To L iverp ool-D e c . 28—Sc-a ner Ohio, 581.
To Antwerp -D eo. 19 -Steamer Pennsylvania, 445.
Below we g iv e a ll news r e c e iv e d t o d a te o f d isa sters tovessels c a r r y in g cotton from United S ta tes ports. S ee.:
G u ild fo rd , steamer (Br.l, from Charleston for R -vai, which went
ashore near Reval. Deo. 22, is reported to be making w Uer la all
the holds. Nine hu idred and fifteen bales of cotton have been
landed. Boisterous weather la hindering the salvage of her cargo.
U n i o n i s t , steamer (Sr.), from Galveston for Liverpool, sailed from
Norfolk on the 24th lust. In lat. 37:10, Ion, 72:40, the m dn pipes
o f Che boilers broke at the flanges, and the steamer was oom pellea
to return to H ampton Roads on the-26th for repairs.

Cotton freights the past week have been aa follows:
Satur.

S hifting N ews.—The exports of cotton from the United
Status the past week, as per latest mail returns, have reached Liverpool, hid...
Do
askebd.
261,679 hales. So far as the Southern ports are concerns , these
art the same exports reported by telegraph and published in H avrs............... d.
Do
later.___d.
the C hronicle last Friday. With regard to New York we
Bremen, steam., d.
include the manifests of all vessels cleared up to Thursday.
„
Total bales,
N ew Y ork -T o Liverpool, per steamers A n r n ta , 1,590 ...
Bitu h Crowd, 2 917 .. D w e ll, 653 u, land and 24 Sea
ltd'll d
8 t p.nicr..g. 4,730 . . .Tanric, 8.393...................... 16,312
“ II London, per steamer Rlohcoond Hill, 2 3 ............................
23
To Havre, to r " tranter La cham pagne, 6 5 0 ..........................
650
To Bremen, per steam t Alter, 501. ..........................................
501
To Hamburg. per s t o n ie r Rbaelin. 133 ............ ...................
134
To A ntw erp, per steamer Fries and, 1,792..............................
1,792
To i,i r 9U«B8, per steamer Nnree, 218
...............................
21S
To th ttenbttrg, per steamer Virginia, 050 ..............................
650
To >Is ' kid, i.Ar steamer Peninsular, l w , „ ....... .....................
100
T o Genoa, per steamer Gellert. 400. ....... ................................
400
To Naples, per steamer Oellerr, 200..........................................
200
T o Yokoham a, per steamer St, Andrews, 200..........................
200

522

__

35*

....

682

....
Do
later... A,
Hamburg, steamd. \ < ® 5»a
- ...
Do
later .d.
Ams’dam, steam.e. 37%*
....
Do
later, .e.
Reval.................. d.
93i
Do via Hull d.
....
...
B'lona, direct...d.
Genoa, steam ...d.
310
Trieste, via Hull.rf.
9a2
Antwerp, steam.d.
***
■Cents per 100 lbs.

Mon.
:
;
I
!
i
;
i
*3
2
3
o
w

Tuet.
5S2

Wednes. Thun.

m .

8sa

....

....

35*

30*

30*

....

933

932

932

®
18
932
96i

316

310
*39
»-<

---*
30*
....
—
...
— »
532
53<
....
....
---*
9e<
9e<
9o4®5aa
....
—
—
....
25 3>3(F 25 it30* 25 930*
37^*

....

....

°82

....

....
=18
932

—
....

....
....

....
....

THE CHRONICLE,

1130

L iv e r p o o l . —By cable from Liverpool we have the followir g
statement of the week’s sales, stocks, &c., at that port:
Dec. 8.

Dec. 15.

Dec. 29.

Dec. 22.

41.000
62,000
86,000
73.000
Hales of the week........... bales.
1,000
3.000
5,000
2,000
Of which exporters took —
1,000
1.000
500
1,000
Of wliloli speculators took..
35.000
54.000
77.000
66.000
Sales American..........................
8,000
8,000
13.000
9,000
Actual export...........................
50.000
65.000
85.000
79.000
Forwarded..................................
Total stock—Estimated............ 1,092,000 1,122,000 1,149,000 1,282,000
Of which American—Estim’d 900.000 918.000 943.000 1,066,000
Total Import of the week......... 159.000 128.000 115.000 190.000
129.000
96.000 168.000
Of which American...............
96.000
325.000 370.000 400.000 370.000
Amount afloat...........................
315.000 360.000 390.000 360.000
Of which American...............

The tone of the Liverpool market for spots and futures eai h
day of the week ending Dec. 29, and the daily closing prices
Of spot cotton, have been as follows:
Saturday Monday. Tuesday. Wednei. Thurtd’y. Frida'.

Spot.
Market,
1:45 r. M
.
Mid.Upl’ds.

4a
4

4*4

Sales..........
Bpeo. & exp.

10,000

12,000

Futures.
Market, )
1 :4 5

p.

m

&
A

g
A

A

■9

m

.

Easy.

j

shippers and the home trade being buyers, but with increased
supplies prices have declined, Yesterday the sales included No.
2 mixed at 42%(342%c. in elevator and 43J^c. delivered; steamer
mixed at 42@42J^c. in elevator; No. 2 white at 42%o. in ele­
vator and yellow at 43I£c. in elevator. To-day the market
was a trifle steadier with wheat. The spot market was firmer,
but quiet. The sales included No. 2 mixed at 42J£c. in ele­
vator and 43%c. delivered; steamer mixed.at 42%o. in ele­
vator, steamer yellow at 43c. in elevator and yellow at 43)£c.
in elevator.
D A I L Y CLO SIN G P R IC E S O P N O . 2 M IX E D CORN.

Sat.
December delivery......... c.
January delivery............ c. «
February delivery...........e. 3
March delivery................ 0.
May delivery.................... 0. ,

Steady.

£.

3

s
»
T

Tues. Wed.
42% 42%
42%
4219
42%
42%
43% 13%
44%
44%

Thurs.
42 %
42%
42%
43%
44%

Fri.

42 %

42%
42%
43%
44%

D A I L Y CLOSIN G P R IC E S O F N O . 2 M IX E D O ATS.

500

Steady.

Mon.

Oats for future delivery have been dull and featureless and
prices have made fractional declines in sympathy with wheat
and corn. In the spot market business has been quiet but
prices have held steady. The sales yesterday included No. 2
mixed at 33J^c. and No. 2 white at 34%c. @ 35c. The market
to-day was dull but steady. In the spot market there was
a moderately active trade at firm prices. The sales included
No. 2 mixed at 33% @ 33^c. and No. 2 white at 34%c.

10,000

1,000

Steady at
Steady at
5-04 @ 6-04 Steady.
2-04 ad­
vance.
decline.

.^

Market, \
4 p.

5,000

[V ol , LVII.

December delivery...,
January delivery..........c.
February delivery.......c.
May delivery..............

Sat.
W

Mon.
W

pi

pi

Wed.
33H
333s
33%
34%

Tues.
33%
3 3^
33%
34%

Rye has continued neglected and prices
changed. Barley has been dull but steady.
The following are closing quotations:

Thurs.

Fri.
333a
33%
33 %
34 %

3314
33 %

333*
31%

are quoted un­

The opening, highest, lowest and closing prices o f future®
FLOU R.
at Liverpool for each day are given below. Prices are on Fine.................. $ bbl. $1 75®$2 10 Patent, winter............. 3 10®$3 50
220City mills extras....... 3 60® 3 65
the basis of Uplands, Low Middling clause, unless otherwise Superfine..................... 1 85®
Extra, No. 2 ............... 2 00®
250Rye flour, superfine., 2 50® 2 90
stated:
I3F* The prices are given in pence and QAths. Thus: 4 63 means
4.63-64d. and 5 01 means 5 l-64d.
(Saturday, Monday and Tuesday—Dee. 23, 25 and 26—Holidays.)
Wed ., Dec. 2 7 .

Thurs,, Dec. 2 8 .

F ri., Dec. 2 9 .

G R A IN .

O
pen High Low. Olos. O
pen High Low. Olo». Open High Low. O
l0>
December..
Dec.-Jan....
Jan.-Feb...
Feb.-Mch..
Mch.-April.
AprLl-May,.
May-June...
June-July..
-July-Aug...
Aug.-Sept..

d.
4 08
4 08
4 08
4 10
4 12
4 14
4 16
4 17
4 19
4 20

i.
4 08
4 08
4C
9
4 11
4 12
4 14
4 10
4 18
4 19
4 20

d.
4 06
4 00
4 06
4 08
410
4 11
4 13
415
4 17
418

d.
d
.
4 06 4 00
4 06 4 06
4 07 4 07
4 08 4 08
4 10 4 10
4 12 4 12
4 14 4 14
4 16 4 16
4 17 4 17
4 18 4 18

d
.
4 07
4 07
4 07
4 09
4 11
4 13
4 15
4 16
4 18
4 19

a.
4 06
4 00
4 07
4 08
4 10
4 12
4 14
4 10
4 17
4 18

d.
4 07
4 07
4 07
4 09
4 11
4 13
4 15
4 16
4 18
4 19

d.
4 09
4 09
4 09
4 11
4 13
4 15
4 17
4 19
4 20
4 21

d.
4 101
4 10
4 10
4 12
4 14
4 15
4 17
4 19
4 21
4 22

d.
4 09
4 09
4 09
4 11
4 13
4 14
4 16
4 18
4 20
4 21

.

4 10
4 10
4 10
4 11
4 13
4 15
4 17
4 19
4 20
4 21

B R E A D S T U F F S .
Frida y , December 29, 1893.
There has been nothing of interest in the market for whea^
flour during the past week. Business has been extremely
slow, with buyers making low bids, owing to the decline in
wheat. Rye flour has been without change and dull. Buck­
wheat flour has been in liberal supply, and with a slow trade
prices have further declined. Cornmeal has been in slow de­
mand but steady. To-day there was a limited trade in the
market for wheat flour at about steady prices.
There has been but little attention given to the market for
wheat futures and prices have further declined under con­
tinued liquidation by longs prompted by a larger movement
of the crop than was expected ; dull and easier foreign ad­
vices and in the fore part of the week rumors of financial
difficulties at the West also had a depressing effect. In the
spot market there has been a limited inquiry from exporters,
but at lower prices. The sales yesterday included No. 1 hard
at 2c. over May delivered, No. 1 Northern on p. t. and No. 2
red winter at 3%c. under May f. o. b. afloat. To-day the
market was a trifle stronger on buying for Continental ac­
count, unfavorable weather at the West and covering of
shorts over the holidays. There was a moderate demand in
the spot market from exporters at steady prices. The sales
included No. 1 hard at 2c. over May delivered ; No. 1 Northern
at lc. over .May delivered and No. 2 red winter 3%c. under
May f. o. b. afloat.
D A I L Y CLO SIN G P R IC E S OF NO. 2 R E D W IN T E R W H E A T .

December delivery.
January delivery...
Ferbuary.................
March delivery......
May delivery.........

0.
c.
.0,
.0.
c.

Sat.
a

Mon.

0

3
0

pi
p

Pi
P

Tues.

66*8
66%
..

6 3%
71

Extra, No. 1 ............... 2 20®
260Buckwheat flour...... 2 75® 3 00
Clears........................... 2 30®
285Com in e a l370 Western, &c............ 2 60® 2 70
Straights.................... 2 85®
Patent, spring........ .. 3 75® 4 20
Brandywine............
2 75
[Wheat flour in sacks sells at prices below those for barrels.]

Wed.

65
65*4
668*
6 7%

70

Thurs.

655a
6 5%
66&a

68

70*6

Wheat—
Spring, per bush..
Red winter No. 2 ..
Red winter............
White......................
Oats—Mixed,per bu.
White......................
No. 2 mixed..........
No. 2 white............

68%

708i

The speculation in the market for Indian corn futures has
been dull and prices have weakened a trifle un ler limited sell­
ing by “ longs,” prompted by a free movems it of the crop.
Business in the spot market has been moderatily active, both

61 T>
L
65 W
56 'a
)
58 ®
32^®
323j®
34^®
3 6V2>

Corn, per bush—
73
West’ n mixed........
67%
No. 2 mixed...........
Western yellow..
68
68
Western White___
35
Rye—
40
Western, per bush.
State and Jersey.35^2
37 % Barley— No.2 West’n
State 2-rowed.......
State 6-rowed.......
C.

c.
42 ®
42%®
43 ®
42 ®

c.
44
43
45

44

54 ® 56
50 ® 55
62 ®
63 ® 65
..
®

The movement of breadstuffs to market is indicated in tt e
movement of breadstuffs to market is indicated in the
statement below, prepared b y us from the figures of the New
York Produce Exchange. W e first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Dec. 23, 1893,
and since August 1, for each of the last three years:
Oats.
Oorn. ■
Barley.
Wheat.
Rye.
Flour.
f
Bbls.imbs Bush.60 lbs Bush.bQ lbs Bush.32 lbs BushA8 lb Bu.56 Ih
324,219
38,135
83.545
488.423 1,900.045 1,130,091
Chicago......
54,000
167,000
192,400
149,933
19,200
28,728
Milwaukee...
358,723
Duluth......
907,000
Minneapolis.
2,259
143,800
152.40
1,800
3,300
Toledo.......
35,329
3,820
87,767
132.557
29,236
Detroit......
4,592
20,411
42,086
29,404
Cleveland...
18,455
146,300
15,400
343,901
848,830
45,000
3t. Louis.—
6,000
10.200
471,700
378,400
43 400
6,000
Peoria.........
2,78
187,593
32,889
Kansas City.
Receipts at—

Tot.wk, ’93.
Same wk,’92.
9ame wk,’91.
Since Aug. 1.
1893.........
1892........
1391..........

147,999
169,544
149,426

2,594,001
4,198,010
3,298,501

3,582,204
2,445,575
2,674,921

1,906,229
2,006,328
1,314,551

591,788
682,600
475,111

83,135
80,965
131,719

6,285,900 99.194,319 69,212,955 59,487.713 18.105,489 1,871,987
6,714,633 153,417,154 53,494,504 54,257,377 18.463,929 5,024,720
5.333,926 140,684.315 46,394.623 50,608.587 18,191,785 11,819,436

The receipts of flour and grain at the seaboard ports for t l e
week ended Dec. 33, 1893, follow:
Flour.
At—
bbls.
New York. .148,847
Boston........ . 56,083
Montreal.. . 10,751
Philadelphia. 41,114
Baltimore.. .140,235
Richmond. . 2,275
New Orleans. 11,064

Oornt
bush.
439,200
112,416
590
67,569
199,532
5,114
278,265

Oats,
Barley,
bush.
bush.
351,750 46,6 50
9,794
147,956
47,16- 14,550
8,000
86,275
8,000
.........
110
58,668

Tot. week .410.370 403,237 1,102.633
Week 1892 334,266 1,160,030 709,727

699.925 78,994
585,951 195 419

Wfieat,
bush.
115,475
45,431
2,500
27,685
210,322
5,424
2,400

Rye,
bush.
2,625

......

2.800

5.425
17,456

Below are the rail shipments of flour aud grain from
Western lake and river ports for four years:
1893.
Week
Dec. 23.

1892.
Week
Dec. 24.
342,586

1891.
Week
Dee. 26.
306,629

1890.
Week
Dec. 27.
302,887

Wheat.........
Com........... ................ L,720,768
Oata............. ............... 1,630,344
Barley___ _
61,548
Rye............. ...............

835,072
966,553
1,303,422
443,866
89,931

636,771
1.955,435
1,253,477
277,442
133,308

525,318
748,913
1,278,097
274,671
77,930

Total... ............... 4,104,225

3,638,814

4,256,433

2,904,929

Fri.
65%

6 5%

0.

Flour______

THE CHRONICLE.

December 30, 1998.J

The exports from the several seaboard ports for the week
ending Dec. 33,189-3, are shown in the annexed statement:
Mxporti
from —

HewYork
Boston.,.
Portland.
Fh ilad el.
Baltim ’re
N. Orl’ns.
S . News.
Norfolk.
Montreal

Wheat.

dorm.

Flour.

Oats.

Bye.

Peas.

Bush.

Bush ,

Bbis.

Bush.

Bush.

Bush.

353,826
206,862
24,359
63,500
16,000
24,000
56,000

264,913
176 ,15 1

89,907
22,756

4,542
1,0C0
9,399

25,714
280.312
231,429

4,563
56,577
1,114
7,820

......

......

......

T o t week 744,547
8'me time
1892 .. 2,138,012

979,019

182,737
337,294

52,068

45,349

14,941

238,826

4,371

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

::::::
......

......

......

24,895

41,449

49.720

The visible supply of grain, comprising the stocks in granai y
at the principal points of accumulation at lake and seaboai d
ports, Dec, 28, 1893:
Oats,
Bye,
Barley,
Wheat,
Oortt,
In store at—

bush.

bush.

Blew Y o r k ........... 1 3 .0 1 0 ,0 0 0
4 4 0 ,0 0 0
D o a f l o a t . . . . 1 ,3 2 3 ,0 0 0
4 2 ,0 0 0
A lb a n y .......................................
55,0 00
B u ffa lo................. 2 ,9 5 5 ,0 0 0
7 3 9 ,0 0 0
D o a f l o a t .. ..
1 6 0 ,0 0 0
3 0 7 ,0 0 0
C h ic a g o ................1 9,7 11 .0 0 0 2 ,2 5 5 ,0 0 0
Do
a floa t___
6 3 5 ,0 0 0
6 3 0 ,0 0 0
M ilw a u k e e...........
8 6 1 ,0 0 0
..............
D n in th ....... 9 ,0 2 4 ,0 0 0
..............
D o a floa t___
20i>,ooo
........
T o l e d o ................. 8 ,6 1 7 ,0 0 0
5 2 4 ,0 0 0
Do
a f l o a t .. ..
1 0 0 ,0 0 0
.............
D e t r o it ................. 1 ,6 1 9 .0 0 0
13,000
D o a floa t. . .
2 5 0 ,0 0 0
..............
Osweeo ...............
2 0 ,0 0 0
9 0 ,0 0 0
S t. L ou ts............ 5.5CO.OOO
3< 0 ,0 0 0
Do a flo a t............................
14,0 00
C ta a ta n a ti.........
7 ,0 0 0
10,0 00
B o s t o n ................. 1 ,1 2 1 ,0 0 0
3 9 9 ,00 0
T o r o n t o ...... ........
1 47 ,00 0
..........
M o n tr e a l............
0 1 6 ,0 0 0
2 ,000
P h ila d e lp h ia ___
1 7 6 ,0 0 0
2 53 ,00 0
P e o r i a .................
118 ,00 0
1 2 7 ,0 0 0
In d ia n a p o lis ___
1 7 6 ,0 0 0
8 0,0 00
K ansas C ity ___
5 5 7 ,0 0 0
10,000
8 0 3 ,0 0 0
B a ltim o re........... 1 ,3 1 1 ,0 0 0
M in n e a p o lis ....1 1 ,8 8 1 ,0 0 0
1 3 9 ,00 0
T offA ta —
-------------------------------------D e c . 2 3 ,1 8 9 3 ..8 0 ,0 2 6 ,0 0 0 7 ,2 3 9 ,0 0 0
D eo. 1 6 ,1 8 9 3 .-3 0 ,1 2 9 ,0 0 0 6 ,6 5 2 ,0 0 0
D eo. 2 1 ,1 8 9 2 ..7 9 ,9 3 5 ,0 0 0 1 1,1 2 6 ,0 0 0
D eo. 2 6 ,1 8 9 1 ..4 4 ,6 2 0 ,2 1 7 5 ,8 6 4,25 2
D ee. 2 7 ,1 8 9 0 ..2 5 ,7 6 3 ,9 9 7 2 ,6 2 0 ,1 7 6

b ush.

1,649,000
140.000
205.000
69.000
130.000
759.000
19.000
25.000

bush.

D o m e s t ic C o t t o n G o o d s . — The exports o f cotton goods
from this port for the week ending December 23 were 2,793
packages, valued at $183,033, their destination being to the
points specified in the table below :
Saw Y obk to D ec. 26.

1893,

1892.

Week. Since Jan. 1.

Week. Since Jan. 1,

Great Britain.........................
Other E uropean....................
C hina......................................
India....... .............................. .
tra h la......................................
A frica......................................
West Indies......................... .
M exico....... ........................... .
Central Amerloa....................
South Am erloa....................
Other 00untries.....................

233
105
1,202

T otal..................................
China, via V ancouver.......

2,793

__

....

5
475
27
240
462
44

5,002
2,028
38,859
5,541
11,886
6,399
20,520
2,391
4,900
51,312
2,911

79
31
i5 7
1,107
58
177
32
38
614
71

5,959
1,732
73,609
5,848
15,842
7,162
17,284
3,114
6,060
46,642
2,996

151,749
33,566

2,364

186,248
18,420

T otal.................................. 2,793
185,315
• From New England mill points direot.

2,364

204,668

43.000
81,000
The value of the New York exports since January 1 has
16.000 158,000
4,000
40,000 been $9,013,966 in 1893, against $9,663,334 in 1892.
65.000 l,072,00e
Business in cotton goods has been interfered with by the
248,000
iilood

11.000

25,000

40.000

10,000

32.000

" 3,000

'£7 ,6 0 6

'T o d d

21,000

32,000

17.000
32.000
83.000
129.000
129.000
79.000
27.000
115.000
15.000

bush.

1131

37.000
'T o o'd
2,000

8,000

63.000
20.000

3.811.000 609,000
3.984.000 593,000
6.973.000 1,197,000
3,720,647 2,492,525
3,895,867 513,426

holidays and the curtailment of operations incidental to the
closing week of the year. Bleached bhirtings and wide sheet­
ings have been in comparatively best demand of staple lines,
and in the latter, the “ Homestead,” “ Dwight Anchor,”
............ “ Claremont ” and Boston Manufacturing Oo.’s tickets, have
been reduced to basis established by the revision in other tick­
g j& o i
ets previously reported. Brown sheetings and drills in mod­
198,000 erate demand only for both home trade and export at un­
changed prices. In colored cottons business has been on a
59,00t
limited scale on account of cutters and jobbers, but up to an
145,000 average for export. In Southern plaids a number of 4J-£ yard
19.000
56.000 makes have been slightly advanced. W hite goods are still in­
53.000 active and business slow in other directions. Only a quiet
demand has been reported for print fabrics, either in fancy
calicoes or specialties, while ginghams of all grades have been
in light request. Print cloths have ruled inactive, with an
easier tendency, closing with no business in “ extras” practi­
211,000 cable over 2 15-16c,

33.000
94.000
171,000
85.000

2,511,000
2,732,000
2,230,000
2,402,879
1,185,702

1893.
Slock or P rin t Cloths Dec. 2 3.
Held by Providence manufacturers. 137,000
Fall Blver manufacturers................. 145,000

1892..
Dec. 24.
None.
Nr ae.

1891
Dec. 25.
183,000
90,000

Total stock (pieces)......................282,000

None.

278,000

F o r e ig n D r y

TH E DRY GOODS TRADE.
N e w Y o b k , Friday, P. M., December 29,1893.
The year closes in decidedly quiet fashion in commission
circles, but with a fair business among jobbers in shape of
cleaning-up sales. There have been but few large buyers in
the market this week, and the demand through the mails for
both immediate and spring supplies has ruled quite moderate.
Practically the only new feature has been further revision of
prices in wide sheetings by agents not previously making a
change, bringing their lines into conformity with reductions
already made in other tickets. With these reductions there is
a general opinion that important changes in cotton goads in a
downward direction are, for a time at any rate, at an end.
Stocks generally are so well conditioned and prices so low that
values are expected to rule on a steady basis, even if
they do not improve early in the year. Compared with a year
ago prices of textiles of all kinds show declines. In staple
cottons, brown goods are from 5 to 7 per cent down, bleached
cottons 5 to 10 per cent, colored cottons irregularly from 5 to
12 per cent, prints 10 to 15 per cent, ginghams 15 to 20 per
cent, and print cloths 25 per cent. In all of them the highest
prices ruled during the first month of the year and for several
month* afterwards, and with rare exceptions are at the lowest
point at the close, Comparisons in woolen goods are exceed­
ingly difficult to make on an even basis, but on a conserva­
tive estimate the decline in prices will range from 10 to 15 per
cent on the more staple lines of clothing woolens and dress
goods.
D o m e s t ic W o o l e n s ,—Business in this department is still
without spirit. The demand is rigidly of a hand-to-mouth
character in goods for the spring trade, reorders being both
limited in number and light in volume, whether buyers are
operating in fancies or more staple lines. Prices show con­
tinued irregularity, more particularly in higher grades of
worsteds, which are neglected, attention being given chiefly
to medium and low-priced woolens.
Some agents report
more dotog in heavy-weights for next fall in suitings and
overcoatings, but even in the latter, which in an ordinary year
would have been ordered to a considerable extent by this
time, only slow progress baa been made. New prices on these
heavy-weights so far as made show a decline of from 10 to 15
per cent from a year ago. In satinets, union and cotton-warp
mesa is on a restricted scale.
Woolen and worsted dress goods in limited demand for both
staples and fancies. Flannels, blankets and carpets quiet.

G o o d s .— Determined efforts to clean-up all

broken stocks of seasonable goods have further demoralized
prices without compensating increase in demand. For spring,
business is still extremely light, importers having little to do
in this connection beyond attending to current importations.
Im p o r ta tio n * a n d W a r e h o u s e W it h d r a w a ls o f D ry G o o d r .

The importations and warehouse withdrawals of dry goods
at this port for the week ending Dec. 28, and since Jan. 1,
1893, and for the corresponding periods of last year are as
follow s:

THE

1122

State

and

CHRONICLE.

C ity DEfANTMm.

[VOL. LVII,

Later messages place the deficit at a very much larger sum,
but the reports are indefinite and the actual figures seem not
yet to have been ascertained.

TER M S O F S U B S C R IP T IO N .
C o m m ercia l a n d F in a n cia l C H R O N IC L E con
tains 4 0 to 6 4 pages published every week.
State a n d City S u pplem en t of C H R O N IC L E con­
tains 1 80 pages published periodically.
In vesto rs’ S u pplem en t of C H R O N IC L E (a Cyclo­
paedia of Railroad Securities) contains 1 60 pages published
every other month,
__________
Subscription to CHRONICLE for one year 8 1 0 .0 0 ,
which includes every issue of both SUPPLEMENTS.
T h e p u rp o se o f tills State a n d City D e p a rtm e n t
is to furnish our subscribers with a weekly addition to and
continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S t a t e a n d Ci t y S u p p l e m e n t to as near the current date as
possible. Hence if every Subscriber will note in his S u p p l e ­
m e n t on the page designated at the head of each item a
reference to the page where the item in the C h r o n ic l e can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.

Brooklyn’s Assessed Valuation.—The annual report of the
Board of Assessors of the city of Brooklyn has been submitted
to Mayor Boody and it shows the increase in the total valu­
ation of real and personal property for the year to be $22,314,847, We take the following from the text of the report.
The official report of this department for the year ending
Nov. 30, 1892, showed that the assessed values of real and
personal property in the city of Brooklyn were $488,739,829, as
against like values in 1891 of $466,914,239, a result then due to
an increase of $18,811,412 in real value, but from which was
deducted a decrease of $1,485,892 in personal values for the
year, leaving the actual net increase $16,825,580. A compar­
ison of the aggregate assessable values for the two years in
quest.cn is presented in the following condensed statement.
1892.
Real estate......................$167,113,882
Personal property.........
16,625,947

1893.
$486,531,605
19,523,170

Increase.
$i 9.417,624
2,897,223

Total........................... $183,739,829

$506,054,676

$22,311,847

This total increase of $22,314,847 is derived from the follow­
ing sources:
Valuation of new buildings as shown In SelieBule B .......... $15,266,650
Increase in personal property valuations............................... 2,897,223
Increase in other valuations In various portions of the city 4,150,974
Total increase as above......................................................... $22,314 847

Personal property values have increased for the year nearly
$3,000,000, so that such valuations very nearly approach to
4 per cent of the city’s total assessments.
The amounts assessed and liable for city and county taxes
only, and which are therefore exempt from State tax, aggre­
gate $7,470,350. This is equal to about 38 per cent of the total
personal property assessed.
Salem, Ohio.—It is reported that action has been com­
menced by the Pennsylvania Railroad Company to prevent
the collection of taxes levied by the City Council to provide a
sinking fund for the redemption of bonds issued for building
the Salem Railroad. These bonds were issued under the
special act of March, 1891. In 1892 the council made ten sep­
arate levieB of 4 mills, and $125,000 of city bonds have been
sold, which the plaintiff company claims are void because of
the unconstitutional ity o f the law. Plaintiff has refused to
pay this part of its tax, and all its taxes are delinquent. An
(J adjustment is asked. The case involves the validity of the
entire bond issue.
Chicago, 111.—A dispatch to the New York Tribune, dated
Chicago, December 26, says :
Controller Wetherell to-day made arrangements with the
five banks in which city money is deposited to provide $400,000
for the purpose of meeting the pay-rolls of the city depart­
ments for this year and the satisfaction of claims which must
be met before the first of the coming year. The report of the
expert accountant, Mr. Wills, on the financial position of the
city, which will probably be presented to Mayor Swift tomorrow, it is said will show a deficit of $1,600,000.

B o n d P ro p o sa ls a n d N e g o tia tio n s.—We have re
oeived through the week the following notices of 1 onds
recently negotiated and bonds offered and to be offered for
sale.
Avondale, Ohio.—(State and City Supplement, page 7S.)—
Bids will be received until January 2 at the office of H. P.
Cooke, Village Treasurer, for the purchase of $22,509 of 4 per
cent 30-year street improvement bonds dated April 1, 1893.
Interest will be payable semi-annually on April 1 and Octo­
ber 1.
Bids will also be received by the Treasurer until January 16
for the purchase of $21,000 of improvement bonds. Six
thousand dolars of this amount will be issued for the im ­
provement of Golshon Avenue, will be dated January 14,
1894, and bear interest at the rate of 5 per cent, payable” an­
nually at the Central Trust & Safe Deposit Company of Cincinna i. and will mature in from one to ten years.' The re­
maining $15,000 will be dated January 1, 1894, will bear in ­
terest at the rate of 4 per cent, payable semi-annually on
January 1 and July 1, and will mature in 30 years.
Bund H ill School District, Ohio.—Six per cent bonds of
this school district to the amount of $4,000 have been awarded
to Messrs. Rudolph Kleyoolte & Co., of Cincinnati.
Brockton, Mass.—(State and City S upplement, page 22.)
—City Treasurer A. T. Jones of Brockton, Mass., repor s that
the city hall bonds which were offered for sale on Thursday
of this week have not yet been disposed of. The loan amounts
to $125,000 and is dated November 1, 1893, interest being at
the rate of 4 ppr cent, and $2,500 of the principal maturing
November 1, 1903, and $2,500 yearly tbereafter.
Butte School District No. 1—Silver Bow County, Mont.—
E. E. Paxson, Clerk of the Board of Trustees, writes us that
the $25,000 of 6 per cent school bonds have not as yet been dis­
posed of and the sale has been po-tponed until January 2,
1894. The bonds are payable in gold at the end of 20 years
and subject to call after 10 years, interest to be payable semi­
annually at the office of the County Treasurer. The total
bonded debt of the district, including the above issue, is
S100,000. The assessed valuation of real and personal property
is $18,000,000, the actual value being about $21,000,000. The
sinking fund has now on hand $10,000 for tips payment of in­
terest.
Cherokee Indian Bonds.—Another report of the sale of the
bonds of the Cherokee Indian Nation has been circulated by
the press this week, and it is now stated that $100 000 of the
purchase money has been deposited with the St. Louis Na­
tional Bank. The loan amounts to $6,640,000 and will be
issued in the shape of 4 per cent bonds, guaranteed principal
and interest by the United States. Tbe securities will mature
in four equal instalments, beginning March 4, 1896, and both
principal and interest will be payable at the United States
Treasury Department.
The bonds are issued in accordance with the act of Con­
gress under which the Cherokee Strip lands were purchased.
The proceeds will be sent to the Treasurer of the Cherokee
nation for distribution among those entitled to them.
In the news item announcing the sale the securities are
commented upon as follows :
“ There are several peculiarities about these evidences o f
indebtedness that may lead to very important changes in the
relationship existing between the United States Government
and the Cherokee nation. It will be noted that the bonds are
issued to pay the Cherokees for their lands, and yet the Chero­
kee nation is the principal obligor, and instead of the United
States Government being the debtor for lands, this nation
has become, as endorser, the creditor of the Cherokees. It is
an occurrence that may have a very important bearing upon
the question of the retention of separate nationality of the
Cherokees.”
Chicago, 111.—(State and City S upplement, page 92.)—A
bid of 99% was received on Thursday for Chicago's bonds ad­
vertised for sale on that date. It was decided, however, not
to accept the offer, and bids will again be asked for. The
loan includes $60,000 of municipal bonds and $130,000 of
water bonds. Both issues will be dated January 1, 1894, bear
interest at the rate of 4 per cent per annum and fall due in
twenty years. Principal and interest will be payable in gold
at tlie American Exchange National Bank of New York.
Cleveland, Ohio.—(State and City S upplement, page 79.)
—Bids will be received until January 11, at the office of W.
A. Madison, City Auditor, for the purchase of $300,000 of 4
per cent city of Cleveland Park coupon bonds, maturing Oct­
ober 1, 1923. Interest will be payable semi-annually and
both principal and interest will be payable at the American
Exchange National Bank, New York City. A certified check
drawn on a national bank for 5 per cent of the amount of
bonds bid for must accompany each proposal, and tbe bonds
will be delivered to the purchaser at Cleveland. The city’s to­
tal funded debt, including the above-mentioned issue, is
$9,698,000, of which $1,775,000 is for water. The par value of
securities held by the sinking fund is $2,186,522. and the total
debt less water debt and sinking fund ip $5,736,478. Cleve­
land’s assessed valuation is $126,515,990, and the real value of

THE CHROKLCLE.

D ecember 80, 1803,]
tea.......sassasaaass 1
—

;

......... - :

. as =

=

=

=

=

The total assessed valuation of Detroit for this year is $199,679,210 and the tax rate (per $1,000) $15-16. Property which
is owned by the city itself and is free of all encumbrance is
valued at §18,756,319. The present population is 323,352.

property is estimated at $500,000,000. The population in 1890
was 261,353 and the present population about 300,000,
Detroit, M ich iga n .- (S t a t e a n d C i t y S u p p l e m e n t , page
98.)— On Dec. 23 City Comptroller C. W . Moore received six­
teen bids for Detroit bonds, and the city will realize a total
premium of $40,085 for the $850 C00 of securities marketed.
Bonds to the amount of $650,000 were sold at 104-59 and $200,000 at UJ5-125. The secutities are 4 per cent 30-year gold
bonds for $1,000 each and $150,000 are public school bonds,
$100,000 park improvement bonds and §800.000 electric-light
bonds. The city officials are reported to he highly satisfied
with tbe result of the sale, and the Board of Public W orks is
now anxious to offer $i50,000 of sewer bonds at an early d de.
In a circular issued from the Comptroller’s office on the 21st
of la.-t month the following facts were set forth regarding the
city’s condition:
For the last issue of bonds sold by the city the following
premiums were received:
$500,000 public sewe r bonds, sold April 1,1892, at a premium
of 71 3 per cenr, or $35,650.
$105,000 park and boulevard bonds, sold July 15, 1892, at a
premium of 7 67 per cent, or $3,053 50.
$ U 0,000 paik improvement bonds, sold August 1, 1892, at a
preu iutn of 7-87 per cent, oi $7,670.
$200,000 boulevard improvement bonds, sold September 1,
1892, at a premium of 5 -65 pec cent, or $11,300.
The present indebtedness of the city is stated by the Comp­
troller as follows :
c ir r

^Denison, Texas.— (S t a t e a n d C i t y S u p p l e m e n t , page
177.)— W ill J. Scott, City Secretary, writes us that an ordi­
nance has passed the Council of Dauison authorizing the is­
suing of §25,000 of refunding bonds, to bear intere t at the
rate of 5 per cent, payable January and July, and to become
due in 20 years, with an option of call after 5 years. The
loan will be dated January 1, 1894, and will be put on the
market as soon as the bonds have been registered in the
Comptroller’s office at Austin.
Delhi, Ohio,— Seated proposals will be received until Jan­
uary 9 by F, D, Saunders, Village Clerk, for the purchase of
ten bonds aggregating $2,867 86. They will be dated January
4, 1894. will bear interest at the rate of 6 per cent, payable
annually, and will become due in from one to ten years. The
bonds are issued in anticipation of the collection of assess­
ments for improving Shady Avenue and Main Street, and may
be reduced if any of the assessments are paid in advance of
the issuance of the bonds,
(Jallipolis, Ohio.— (S t a t e a n d City S u p p l e m e n t , page 81).
W e are informed by Cbas . H . D. Summers, City Clerk, that
$85,000 of water-works bonds voted last April will be put on
the market in Feb, next. The bonds will be dated Feb. 25,1894,
will bear interest at the rate of 5 p. ct, and will run 20 years.
Hannibal, Mo.— (S t a t e a n d City S u p p l e m e n t , page 113, and
C h r o n i c l e , Vol. 57, page 158), School bonds to the amount
of $16,000, bearing interest at tbs rate of 5 per cent, were
sold on December 21 to Messrs. Rudolph Kleybolte & Com­
pany of Cincinnati, Ohio,
Ironton, Ohio.—(S t a t e a n d C i t y S u p p l e m e n t , page 82.)—
City Clerk Halsey C. Burr writes the C h r o n i c l e in reference
to $15,000 of coupon stre“t improvement bonds, which were
offered for sale on December 30, that they were awarded to
Messrs, Rudolph Kleybolte & Co. of Cincinnati at their bid
of $15,340. Four bids in all were received. The bonds bear
interest at the rate of 5 per cent and rim 20 years.

d ebt.

Public sewer b o n d s.................................................................$1,501,500 00
Public Im provement bond.*.......... ........................................
600,000 00
Park irnprovesjeut b o n d * ........... .........................................
300,000 00
Boulevard Improvement Panda..... .......................................
400,000 00
205,000 oo
Park and boulevard b o n d s ..... ..............................................
Public school bonds........................................................... .
150,000 00
Loss ■tlnUns fu n d *........................................................................

$ 3 ,1 5 6 ,5 0 0 00
9 7 9 ,0 6 6 18

Not dent July 1 ,1 8 9 3 ..............................................................$2,177,433 52

The city charter limits the bonded indebtedness to 2 per
cent o f the assessed valuation.

N E W LOANS.

N E W LOANS.

$ 2 , O O O ,O O O

$ 250,000

Chicago Sanitary District
5 Per Cent
Coupon l?on«?» o f SI,OOO each. Dated
Janaary I , 1 8 0 4 . Interest Payable
Janaary and July. Principal
can be Registered*

Tfc# Sanitary District o f Chicago Is a municipal
cerporivtion r*-gw»tl* organised under a general
act o f tbe J>dts.:<*far»or te e State o f lillm.is. it
Include# practically ail o f the City o f Chicago, and
a greater part o f the towns o f Lyon# and Cicero,
w.ih a popolMlen o f approximately I,4t0j.fe0, and 1#
governed by a beard o f trustee# elected in pursu­
ance o f the provision# o f $bis act.
The ttssewsed valuation o f tin# Sanitary District
in MU* was
it has outstanding, iaI# limb ed by the Constitution of Illinois to 5 per
cent o f the assessed tntaat t* a o f jbe district, but
cannot in any e-vent exceed
000,0 0.
W e offer these bonds subject, to previous sale at
prices netting in#-, biers from
to “ M per cent, ac­
E
cording to a ate o f maturity. $l6* ,COu falling due

each January I»t for twenty years.^.Particulars on
application.

LEE, HIGGINSON & CO.,

City of Montgomery, Alabama,
BONDS,

N. W. HARRIS & CO.,
13 W a ll Street, New Y ork .
7 0 S ta te S t., B o sto n .
I & i D e a rb o rn S t,, C h ica g o .

J. Hayes &

Sons,

Dealers in M UNICIPAL BONDS.
Street Railway Bond, end other high grade in
vestment*.
3 1 1-3 j 3 O e r t e r H t . ^

7 Exchange

j 0 W i.ll Street.

New York.

Cable Addre#a, **KENNETH,**

DISTRICT OF COLUMBIA
3"65s. Due 1924.
The faith o f the United States is pledged to secure
the payment o f tb e interest on these bonds and to
maintain, a sinking fund sufficient to redeem the e n ­
tire issue at maturity. They are exempt from taxa~*
tion by Federal, Shaft or municipal authority.

Price 111 and Interest.
W e offer the above subject to previous
sale or advance in price.

THOS. H, CARR.

Chairman Committee on Finances.

State of Massachusetts 5s

Galveston City Bonds for Sale.

Due May, 1894,

The City o f Galveston, Texas, offers for sale

Taken in exchange on a very low basis
or for cash.

$ 3 0 0 ,0 0 0
5 per cent 40-year limited debt bonds o f 1801. PropoMtlona will be considered fo r all or any portion of
the amount offered. All offers should be addressed
to tbe Chairman o f the Finance Committee, who will
give lull information, on application.
I>. B. HENDERSON,
Chairman Finance Com.
Galveston, Texas.

Blake Brothers

&

C o .,

2 8 ST A T E S T R E E T , BOSTON.
5

NASSAU

SUL, N E W

YOKE.

CHOICE INVESTMENTS
IN

$ 100,000

Street Railroad and
Municipal Bonds.
PRICES TO SUIT THE TIMES/
Genre# pond ©nee invited.

Lamprecht Bros. & C o.,
4 5 W A L L S T ,, N E W Y O R K .

BAN KERS,

N E W LOANS.

Interest February and August.

Sealed proposals will be received at the office o f
IL B Snodgrass, City Clerk o f the City o f Montgom­
ery, Alabama, until 12 o'clock U . on Monday,
January 15th, 1H.4, for $£50,000 City o f Montgomery
bonus, or any portion thereof not less than $5,ob0.
Proposals to be made fo r five and five and a
half per cent, forty-year bonds and for six per cent
thirty-year bonds.
Said bonds are authorized b y special act o f the
Legislature o f Alabama. Approved February I7th,
18*3.
The right to reject any or all bids Is reserved.
Application fo r Information will be addressed to

44 State Street* Boston.

W.

1 J83

.......... :

OEEVEEANR.

B O ST O N .

C IT Y OF OMAHA, NEB.,
5 Per Cent
Improvement Bonds.
FOB SALE BY

Farson, Leach & C o .,
2 W A L L STREET,

-

NEW Y O R K .

CH ICAGO, I L L .

.0

Dealers in Investment Securities.

BONDS

YIELDING AN INCOME OF

4%

to

694

CITY, G EO . A. LEW IS & CO ., Bankers
COUNTY
SCH O O L

132 LA SALLE STREET,
SEND FOR LISTS.

CHICAGO.

T H O M A S B R A N C H & C O .,
BANKERS AND BROKERS.
R IC H M O N D , V IR G IN IA .
Investment Seonritie. a Specialty. Private Wire
o New York*

1134

THE

CHRONICLE.

Keokuk, Iowa.—(S t a t e a n d C it y S u p p l e m e n t , page 110.)—
City Clerk Sumner T. Bisbee writes us that Keokuk has recently
sold, to local parties, refunding bonds to the amount of $13,000,
the bonds to bear interest at the rate of 5 per cent, payable
semi-annually on January 1 and July 1, and §1,500 of the
amount to become due January 1, 1901, $2,500 yearly from
January 1, 1902 to 1905, and $1,500 on January 1, 1906. The
principal is payable at the office of the City Treasurer, and
the interest at the Central National Bank, New York City.
The loan is issued to refund $13,000 of 6 per cent bonds due
January 1, 1894.
Medford, Mass.—(St a t e a n d C i t y S u p p l e m e n t , page 27.)—
Bids were opened on December 27 for $72,000 of 4 per cent
Medford water bonds, and the loan was awarded to E. H.
Rollins & Sons for a premium of $169. The securities are for
$1,000 each, dated January 1, 1894, interest payable J. & J .,
and principal maturing at the rate of $4,000 yearly from Janu­
ary 1, 1899, to January 1, 1916, both inclusive,
Mazomanie, IVis.—Water-works and electric-light bonds of
this village will soon be issued. H. R. L°arnard, Village
Clerk, writes us that the loan will bear interest at the rate of
5 per cent, payable annually on January 15 at the office of
the Village Treasurer, and will mature at the rate of $500
yearly from January 15, 1895 to 1914. The village has no other
debt of any kind, and its assessed valuation, which is about 75
per cent of actual value, for 1893, of real estate is $192,908;
personal property, $63,270 ; total $256,178. The total tax rate
per $1,000 is $12 72.
Orange, Mass.—T. W. Bridge, Town Treasurer, writes us
that bids will be received until to-day for the purchase of
water-works bonds to the amount of $15,000.
Plymouth, Mass.—(S t a t e a n d Ci t y S u p p l e m e n t , page 29.)
—The $15,000 of sewerage bonds recently voted by the people
of Plymouth have already been placed.
Shawnee County, Kan.—(St a t e a n d C i t y S u p p l e m e n t ,
page 129.)—Court house bonds of this county to the amount
of $100,000 will be sold at auctioi on January 4 at the office
of J. M. Brown, County Clerk. Interest at the rate of 4 per
cent will be payable semi-annually in New York. The bonds

M IS C E L L A N E O U S .
D e s ir in g c h o ic e s h o rt-tim e c ity an d first
m o rtg a g e R a ilr o a d B o n d s, n e ttin g fro m
5 p er cen t to 7 p e r ce n t, to ta k e th e p la c e
o f c o m m e r cia l p a p e r, a r e in v ite d to w r ite
o r te le g r a p h fo r lists and p ric e s.

C. H. W H IT E & CO.,
BAN KERS,
-

NEW

YORK

Rudolph Kleybolte & Co.,
IN V E S T M E N T
3 0 W e s t T h ir d S tre e t,

BAN KERS,
C in cin n a ti, O h io.

Choice Investment Bonds of Cities,
Counties and School Districts.

LISTS m a il e d u p o n a p p l ic a t io n .

000 , 000 .

’

W ilmlngtan, Del.—(S t a t e a n d C i t y S u p p l e m e n t , page
72).—On Tuesday of this week $30,000 of 4% per cent W il­
mington sinking fund bonds were sold by the city for a total
premium of $339.
The bids were as follows : Elliott, Johnson & Co., jointly
with Heald & Go., all the bonds at par with a premium of
$339 ; R. R. Robinson & Co., all the bonds with a premium
of $259 ; Artisans’ Bank, all the bonds with a premium
of $150. The Equitable Guarantee & Trust Company
all the bonds and a premium of $300; E l ward C.
Jones & Co., investment brokers, No 80 Broadway, New
York, all the bonds and a premium of $100. The award was
male to the highest bidders, Heald & Co. and Elliott, John­
son & Co., jointly at a premium of $339.
A Wilmington daily paper makes this comment upon the
transaction: “ The sale is a higher figure than the last one of
municipal securities. It indicates the good standing of W il­
mington’s financial position, notwithstanding the present
strained business conditions.”
Wliitestone, N. Y.—Bids will be received until 8 P.M. to-dayby
L. W . E nsign, Village Clerk, for the purchase of $7,500 of water­
works bonds. The loan will be dated January 1, 1894, will
bear interest at the rate of 4% per cent and will become due
in 30 years. Each bid must be accompanied by a certified
check to the order of the Treasurer of the Board of Water
Commissioners to the amount of $500.

ST A T E AND CITY DEBT CHANGES.
We subjoin reports as to municipal debts received since the
ast publication of our S t a t e a n d
C i t y Su p p l e m e n t .
Some of these reports are wholly new and others cover items

M IS C E L L A N E O U S

M IS C E L L A N E O U S .

Edward M orton & C o .,
53 Broadway, New York.
S p e c ia l t i e s :
M U N IC IP A L ,
ST R E E T R A IL W A Y BONDI
and
R A N K STOCKS.

M O RTG AG E LOANS
IN

TEXAS.
tf P e r Cent and 7 P e r C ent Net.
NO COMMISSIONS charged borrower or lender
until loans have proven good.

& CO.,

SAN A N T O N IO , T E X A S .

THE

Exchange Banking & Trust Lewis Investment C o .,
D B S M O IN E S, I O W A .
Company,
CAPITAL PAID UP,

C H A R L E S T O N , S. C .
P a id -u p C a p ita l,
^ 3 1 0 0 ,0 0 0
A u th o r iz e d C a p ita l,
3 1 ,0 0 0 ,0 0 0
T r a n s a c t s a G e n e ra l B a n k in g an d T ru st
B u sin e ss. In te r e st A llo w e d on D e p o sits .
INVESTM ENTS M AD E IN SA FE A N D R E L I­
A B L E IN T E R E S T S A YING SO U TH ERN SE PU­
RITIES, AN D FI KST MORTGAGES ON IM ­
PROVED R E A L E S T A T E IN CITIES.
Correspondence solicited as to all Southern invest­
m ents. Being within easy reach of all parts of the
South, thorough and careful investigation for
purchasers can be made o f all investments.

O F F IC E R S .
GEO. B, E D W AR D S, President.
P. N. PICKENS, Cashier.
R. E. MUCKENFUSS, Secretary and Treasurer
J. L A M B PERRY, Solicitor.
SM Y T H E & LEE, General Counsel.

D IR E C T O R S .
A . S. J. P e r r y , of Johnston, Crews & Co., wholesale
dry goods.
W i l l i a m M. B i r d , o f W m . M . Bird & Co., wholesale
paints and oils.
Ja m e s A l l a n of James Allan & Co., Jewelers.
J. H . F. K o e n ig , with Knoop, Frerichs & Co., cotton
exporters.
G e o . b . E d w a r d s Pres. Electric-Light & Power oo

Geo. M . Huston & C o.
BOND AND

F R A N C IS S M IT H

will be dated January 1, 1894, and will mature January 1,
1924. The entire i-su« may be taken at once or in bi-monthly
instalments of $25,000, with $10,000 forfeit on first delivery.
The county’s total debt, including this issue, is $479,000. Its
assessed valuation for 1893 is $16,000,000: actual value. $50-

INVESTMENTS IN THE SOUTH.

B A N K S

72 B R O A D W A Y ,

[ Y OL. L\1I.

STOCK

DEALERS.

-

1150,000.

C hoice Investm ents In the m ost G «Q se rr* »
tlv e F ie ld In th e W e s t ’
61Y

PCD

Guaranteed First Mortgages on improved lands
In Iowa and Eastern Nebraska. Safe and Desirable

»IA r c n

rC W T

IlCN I

F ifte e n Y e a r s ’ S uccessfu l E x p e rie n ce .
Send fo r P am ph let.

W. A. HOTCHKISS,

GEO. H. LEWIS,

Seoretary.

President.

The American Debenture Co.
463 ROO KERY, CHICAGO,
43 T H R E A D N E E D L E ST., LONDON.

C A P IT A L P A ID UP,

-

"

3 2 ,0 0 0 ,0 0 0

Issues Debenture Bonds secured by bonds o f Mu­
nicipalities, Water, Gas and Railway ComDanles.
Executes trusts from individuals and corpoortions. Acts as agent for the registration and trans­
fer o f bonds and stocks and the payment o f
coupons, interest and dividends.

SECURE BANK VAULTS.

W e buy and sell outright all W estern
Municipal Bonds and Stocks.
We
cheerfully furnish full and reliable in­
formation concerning any Western se­
curity without charge. Monthly quo­
tation circular mailed to all applicants.
New issues of municipal bonds wanted.

30 5 P IN E S T R E E T , S T . L O U IS , M O .
EDM UND
C o n s u lt in g ;

B. K IR B Y ,

M in in g ;
E n g in e e r
M e t a l lu r g i s t ,

G EN U IN E
WELDED CHROME STEEL AND EBON

and

n Round and Flat Bars and 5-ply Plates and Ang*£a
FOR SAFES, VA U L T S , &c.
_
Cannot be Sawed Cut, or Drilled, and positively
Burglar-Proof.

No. 9 Windsor Hotel Block, Denver, Col.
SPEC IALTY.—The Expert Examination o f Mining
investments and Metallurgical Enterprises.

)os. C . Platt, C . E .,
CONSULTING E N G IN E E R
3 5 W a ll S tre e t, N ew Y o r k ,
A nd W atcA rford, N. Y .
E x a m in a tio n s.
R ep orts
.S u p erv ision .

C H R C iflE S T E E L W O R K S ,
B R O O K L Y N . N. Y .

Sole Man’f ’ers In the U . S.

WM. F R A N K L IN H A L L
BOOKS ACCOUNTANT AUDITED
New forms designed for books o f account.

Settlement of Insolvent Estates.
418 Exchange Building, 53 State Street, Boston

[TH E

December 30,1893,]

CHRONICLE,

of information additional to those given in the S u p p l e m e n t
and o f interest to investors.
W o rc e ste r , M ass.— (S t a t e a n d C i t y S u p p l e m e n t , page 32.)
H e n ry A . M arsh, M ayor.

We

give below the statem ent of

the financial condition of W orcester as corrected to Dec. 1,
1893, by m eans o f a special report from W illia m S. Barton,
City Treasurer.
This city is in W orcester C ounty and is the largest in popu­
lation and property valuation in the State w ith the exception
o f Boston.
LOANS—
r— Interest.— .
— — Principal.--------NAME AND PUfiPOSE.
P. Ot. Payable When Dae. Oxetstand'g.
Funded city loan (ren'l)..1875 5
A A O Apr. 1, 1905 $200,000
do
'do
1891 1
A & O Apr. 1, 1901
75,000
do
do (renewal) 1875 4
A & O Apr. 1, 1905
500,000
do
do (renewal) 1892 4
A & O A pr. 1 , 1905
500,000
do
do
1892 4
A & O Apr. 1, 1902
135,000
do
do
1893 4
A & O Apr. 1, 1903
100,000
Funded park loan........ ..1S.S9 4
A A O Apr. 1, 1938
250,000
Funded fewer loan........... 1879 5
J *
fc .J Jan. 1, 1899
100,000
do
do
1880 5
J < J Jan, 1, 1900
fc
30,000
do
do (renewal) 1875 4>a A & O Apr. 1, 1905
140,000
do
do
1881 4
J & J Jan. 1, 1901
55,000
do
do
1883 4
J & J Jan, 1, 1903
65,000
do
do
1884 4
J 4
J Jan. 1, 1904
$70,000
do
do
1885 4
J & J Jan. 1, 1905
180,000
do
do
..............1886 4
. T A J Jan. 1, 1908
145,000
do
do
1888 4
J & J Jan. 1, 1908
75,000
do
do
1890 4
J A J Jan. 1, 1910
75,000
do
do
1892 4
J A J Jan. 1, 1912
80,000
Funded waterloau.......... 1876 5
J A D Dec. 1, 1906
100,000
do
do
1884 4
A & O Apr. 1, 1914
250,000
do
do
1885 4
A A O Apr. 1, 1915
100,000
do
do
1888 4
A A O Apr. 1, 1918
150,000
do
do
1889 4
A A 0 Apr. 1, 1919
200,000
do
do
1890 4
A A O Apr. 1, 1920
30.000
do
do
1891 4
A A O Apr. 1, 1921
70,000
do
do
1892 4
A A O Apr. 1, 1922
150,000
do
do
. . . . . ..1893 ..
A A O Apr. 1, 1923
50,000
do
do (renewal) 1892 4
J A D June 1, 1905
300,000
do
do (renewal) 1885 3*3 J A D June 1, 1905
150,000
PAR VALUE OF BONDS.—The ponds are for $500 and multiples
thereof.
INTEREST on most issues is payable, principally by check, at the
Merchants’ National Bank in Boston.

C H IC A G O .

U 35^

TO TA L DEBT, SINKING FUNDS, Et c .—The subjoined statement
shows Worcester’s total funded debt, the sinking fund held by the oity
against the same, and the water debt, on the first of December, 1893
and 1892, and on July 1, 1891.
Dec. 1,1893. Dec. 1,1892. July 1 ,18 9 1.
$4,265,000
$3,918,400
Total funded debt......................... $4,325,000
Sinking funds................................$1,548,998
$1,407,883
$1,182,832
Net debt....................................$2,776,002
$2,857,117
$2,735,568
Water Apark debt (ine. above) .$1,800,000
$1,750,000
$1,280,000.
The sinking fund receives yearly a sum sufficient with accumulations
of interest on sinking fund investments to retire entire debt at matur­
ity. In 1893 $115,900 was paid into sinking funds other than the
water bonds sinking fund; in 1892, $113,100; in 1891, $93,400.
C IT Y PROPERTY.— city owns property valued at $5,174,360,
The
Including water works costing $2,486,061. Beceipts from water assess­
ments in year 1891-92 were $168,574 11; maintenance, $60,182 84 )
interest on water loans, $17,250; paid to sinking fund, $61,141 27.
DEBT LIMITATION.— exception in the case of Worcester to
An
general State law limiting municipal indebtedness is found in the
Supplement to the Public Statutes, Laws of 1888, Chapter 144. The
object of the law was to authorize a loan for the purposes of Publio
Parks. The loan was called the Worcester Park Loan, and the amount
of the issue was fixed at not to exceed $250,000. The Statute provided
that this loan should not he included within the debt limit fixed by lawASSESSED VALUATION.—
Tbe city’s assessed valuation and tax
rate have been as follows, real estate being taken at “ its full and fair
casli value ” :
Personal
Pate of Tax
Tears.
Peal Estate.
Property.
Total, per $1,000.
1893..................... $66,843,200
$17,257,8'05
$84,101,005
$15-00
16,887,602
81,040,802
14-60
1892.................... 64,153,200
1891.................... 60,942,300
16,693,608
77,635,908
14-60
15,633,010
73,452,266
15-60
1890.................... 57,819,250
1889.......
54,406,750
13,747,300
68,154,950
16-00
14,164,286
64,502,636
16-00
188$................ '.. 50,338,350
1883...........................................
............
48,570,335
17-20
Di 1893 tax rate includes: State tax, $0-79; county tax, $0-39: city
$13-82; total, $15 00.
Average assessed valuation for three years, 1891 to 1893 inclusive,
was $80,925,905.
POPULATION.—Population in 1890 was 84,655; in 1880 was
58,291; in 1870 was 41,105. According to local authority the present
population Is over 95,000.

C H IC A G O .

C H IC A G O .

Title Guarantee & Trust Illinois Trust 8r Savings
Bank.
EquitableT rustCompairy
Company
The

1 8 5 D E A R B O R N ST *, C H IC A G O .

OF

C H IC A G O , IL L .

CH ICAG O ,

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

CAPITAL, PAID UP, - - - - $500,000 C apital, p a id -u p ............................ 8 1 ,6 0 0 ,0 0 0
U ndivided earnin gs, including
8 U R P L U S ,..............................
50,000
s u rp lu s.................. ........................
3 3 9 ,0 0 0
AUTH ORIZED BY L A W TO RECEIVE and execu to trn*t* o f every character from courts, corpora­
tion* and individual*. Take* entire charge o f estate*,
real and personal. Act* a* agent for the registra­
tion and tranafer o f bond* and stock* and the p a jment o f coupon*. Interest and dividend*. A legal
depository for court and trust funds.
INTEREST ALLOW ED ON DEPOSIT S o f money
which may be made at any time and withdrawn after
five day*' notice, or at a ilxed date.
TRUST FUNDS AND TRUST INVESTMENTS
are kept ;separate and apart from the asset* o f the
Company.
DIRECTORS:
A ZE L F. H ATCH .
CHAS. H. HCLBURD,
M .W . KERWIN,
GEO. N. CULVER,
H A R R Y RUBENS,
MAURICE BO8ENFELL
J. R. W ALSH,
SAMUEL D. W ARD.
OTTO YOUNG.
OFFICERS:
J. R. W ALSH, President.
CHAS. H. HULBURD, Vice-President.
SAMUEL D. W ARD, Treasurer.
LYMAN A. W ALTON. Secretary

Jamieson & C o .,
STO CK S—JBOXDS,
Members New York and Chicago Stock Exchanges.
lt±7

DEARBORN

STREET,

C h ic a g o , I N * .
Private wire to New York and Philadelphia,

Loeb & Gatzert,
MORTGAGE BANKERS

D eposited w ith S ta te A u d itor. .

3 0 0 ,0 0 0

GUARANTEES TITLES TO R EA L ESTATE.
MAKES ABSTRACTS OF TITLE.

Offers In v estors in real estate secu rities
protection afforded by no oth er system of
doing business.
I* authorised by law to act as Registrar o f Stock*
and Bonds, Executor, Receiver and Trustee for
Estate*, Syndicates, Individuals and Corporation*.
Trait moneys and trust *ecuritlei kept separate
from the assets o f the Company.
C O R R E S P O N D E N C E S O L IC IT E D .
OFFICER8:
GWTNN GARNETT, President.
A . H. SELLERS, Vice-President.
ARCHIBALD A STEW ART, Secretary.
CHAS. R. LARRABEK, Treasurer.
FRANK H. SELLERS, Trust Officer.
DIRECTORS:
Gwynn Garnett,
Chaa. W. Drew.
W, D. Kerfoot,
John P. Wilson,
Horace G. Chase,
Edson Keith,
John G. Shortall,
Geo. M. Bogue.
John DeKoven.
A. H . Sellers.
Samuel B. Chase,
COUNSEL:
W . C. Goudy,
John P. Wilion,
A W . Green,
A M. Pence,

C A P I T A L A N D S U R P L U S , - 8 3 , 5 0 0 ,0 0 0

INTEREST ALLOWED ON DEPOSITS.
This Bank is directly under the jurisdiction anC
lupervislon o f the State o f Illinois, is a LEGAL
OEPOSITORY fo r Court Moneys, and is authorised
lo
as TRUSTEE. EXECUTOR, RECEIVER and
A.88IGNEE for ESTATES, INDIVID U AL* artf
CORPORATIONS.
OFFICERS:
John J. Mitchell, President.
John B. Drake, Vice-President.
Wm. H. Mitchell, Seoond Vice-President,
Wm. H. Reid, Third Vice-Presiden
<ames 8 Gibbs, Caah’r. B. M. Chattell, A ss’t Cash*
DIRECTORS
/ohn McCaflery.
John B. Drake*
L. Z. Lelter,
Wm. H.Reld,
Wm. EL Mitchell,
John J. Mitche
Wm. G. Hibbard,
J. C. MoMullin,
1. B. Shipman,
J. Ogden Armour*
Frederick T. Haskell

1850.

1893.

The United States Life
Insurance Co.
IN T H E C I T Y O F N E W Y O R K .

OFFICERS. :
G E O R G E H . B U R F O R D , P r e s id e n t .
J . P. FRALEIGH .......................................... Secretary'
A. W H EELW RIG H T................. Assistant Secretary
WM. T. STAND BN.......................................'..Aotuary
ARTHUR C. PE RR Y........................................ Cashier
rOHN P. MCNN...............................Medical Director
FINANCE COMMITTEE.
GEO. G. W ILLIAMS............. Pres. Chem. Nat, Bank
JULIUS CATLIN........................ ................Dry Goods
JOHN J. TUCKER.............................................Builder
Su c c e s so r to
E. H. PERKINS, JK„ Pres. Imp. & Traders’ Nat. B’k
The two most popular plans o f LIFE INSURANCE
HERMAN SCHAFFNER S CO.
c
are the CONTlNtJABLB TERM POLICY whioh
rives to the insured the greatest possible amount of
indemnity In the event o f death- at the lowest possi­
ble present cash outlay; and the GUARANTEED
INCOME POLICY which embraces every valuable
154 L a Salle Street, • Cliieng-o, 111. feature o f investment Insurance, and which in the
event o f adversity overtaking the Insured may be
used as COLLATERAL SECURITY FOR A LOAN,
full legal reserve value
i . O. SLAUGHTER, Member N. Y. Btook Exchange- to the extent of thethe terms and conditions thereof
til accordance with
of these
VM. V. BAKER, Member Chicago Stock Exchange. policies.
Good Agents desiring to represent the Company
ire Invited to address J . S . G A F F N E lf, Super­
intendent o f Agencies at Home Office.

A . G . Becker,

COMMERCIAL PAPER,

k. O . Slaught er & C o ,,

1 2 5 D A NA L L F . S T R E E T * C H I C A G O ,

BANK ER S,

First Mortgagee for sale In large and small amounts.
Betting Investor* 6,
and d per cent, secured by
Improved and income-bearing Chicago city property.
P r in c ip a l a n d In te rcu t p a y a b le In G o l d .
CORRESPONDENCE SOLICITED,

1 1 1 -1 1 3 DA S A L L E S T R E E T ,

C H IC A G O , IL L S .
C h ica g o S e cu ritlea .B oa ffh

and S old.

Arch’d. J. C . Anderson,
PUBLIC ACCOUNTANT,
1 2 } W ater Street,
NEW Y O R K

THE

1136

CHRONICLE.

J/fiuanciaX,

%USUX9LUCZ.

Fred. H . Smith,

O F F IC E O F T H E

N o. 8 B R O A D S T R E E T , N E W K O B R .

ACCOUNTS

SOLICITED

1-10 Per Cent Commission.

A T L A N T IC MUTUAL

Refers to Re latile Banks. Correspondence Invited,
ESTABLISHED SINCE 1868.

Insurance Company.

Geo. H . Stayner, Jr.,
Banker and Broker,
44 B R O A D W A Y , N E W Y O R K .
Stocks and Bonds bought ar.d sold for cash or car.
Tied on maigtn at 1-16 per cent commission. Deposit,*
received subject to check at sight. Market letter
upon application. Member Consolidated Stock Ex­
change

W . Clark & C o .,
BANKERS AND BROKERS,

N o. 139 South F o u rth St.,
P H IL A D E L P H IA .
Transact a general banking business. Allow
interest on deposits.
__
„ .
.
Members of the Philadelphia and New York Stock
Exchanges, and connected by privte wire with
New York.
P IT T S B U R G ,

N e w Y o r k , January 24th, 1893.
The Trustees, in conformity with the Charter
of the Company, submit the following state
ment of its affairs on the 31st day of December,
1892.
Premiums on Marine Risks from
1st January, 1892, to 31st
December, 1892.........................$3,690,250 88
Prem’ms on Policies not marked
off 1st January, 1892.............. 1,472,142 48

Total Marine Premiums....... 5,162,393 36
Premiums marked off from 1st
January, 1892, to 31st De­
cember, 1892. ............................. 3,759,193 05
Losses paid during the same
Period..................................$1,466,178 06

PA.

E S T A B L IS H E D 187 1 .

W hitney & Stephenson
BANKERS AND BROKERS,
N o . 57 F O U R T H A V E N U E ,
Oldest Pittsburg members N. Y. Stock Exchange.

Henry
78

Sproul

F O U R T H

&

C o .,

1 V E N IK ,

P IT T S B U R G , P A .
M XH B B R S OF T H 3

HEW Y O R K S T O C K E X C H A N G E ,
P H IL A D E L P H IA S T O C K E X C H A N G E
P I T T S B U R G E X C H A N G E (3 M em bers),
C H IC A G O B O A R D O F T R A D E .

C . W . Branch & C o .,
BANKERS AND BROKERS,
St a t e B a n k B u il d in g ,

R I C H M ON O, VA.
Private wires connecting with Washington, Balti­
more, Philadelphia, New York, Boston and Chicago.
New York Correspondents: Messrs, Moore & Schley
and Prince & Whitely.

Irwin, Ellis & Ballmann,
Bankers and Brokers.
DEAL

IN

CINCINNATI

BONDS.

31 W est Third Street, Cincinnati, Ohio.
E d w a r d s W h it a k e r .

Ch a r l e s H o d g m a n

W hitaker & H odgm an

Returns of Premiums and
Expenses........................... $738,617 09

3 0 0 N o rtli F o u r t h Street.

S T . L O U IS.

Jos. O . Osgood,
M, Am, Boo. C. K.,

CO N SU LTIN G E N G IN E E R ,
BROADW AY,

NEW

YORK.

Makes specialty of reports on railroads and other
Investment properties.
Bxamlnatlons made in any part of the country,

MUNICIPAL SECURITIES
OF

P IT T S B U R G

AND

C O N T IN E N T A L
COM PANY,

18 W A L L , S T R E E T , If. Y .

Y IC IX IT i

Dealt in by

.

8 8 5 0 ,0 0 0

Ot t o T. B a n n a r d ,
W i l l i a m A l e x a n d e r Sm i t h ,
Go r d o n M a c d o n a l d ,
Ma u r i c e 8. D e c k e r , .
.
.

.

P residen t
1st V ice-P res’t
2d v ic e -P r e s ’ t
S ecretary

I n t e r e s t A l l o w e d o n D e p o s it s .
EXECUTES A L L TR U STS.
TRUSTEES :
Gordon Norrie,
Henry M. Taber,
William H. Wisner,
Oliver Hamiu-tij. JrA. Lanfear Norrie,
William A. Hazard,
Thomas T. Barr,
Wm. Alexander smith
William F. Cochran.
Robert Olyphant,
William Jay,
John C. Havemeyer,
Alfred M. Hoyt,
Otto T. Bannard,
Jamea C. Parrish,
Robert W. De Koreaif
Robert 8. Holt,
Giraud Foster
Gordon Macdonald
Walter Jenamar*.

T h e Nassau Trust C o .,
1 0 1 B r o a d w a y , B r o o k ly n , N. Y .
C A P I T A L .......................................... $ 5 0 0 ,0 0 0
Deposits received subject to check at sight, and
IntereMt a llo w e d on the resulting daily dalancea.
Certificates of deposits Issued for time deposits,
on which special rates will be allowed.
Intercut com m ences from date o f d e p osit.
Authorized by law to act as Executor, Adminis­
trator, Committee, Guardian, Trustee, Receiver,
Fiscal and Transfer Agent, and as VegiBtrar of Stocks
and Bonds; ft* a le g a l d ep ository tor T ru -.t
Funds and for moneys paid Into court.
Loans made on approved collaterals.
Checks on this Company are payable through the
New York Clearing-House.
A. D. WHEELOCK, President.
WILLIAM DICK, J v tce-Prea t*..
JOHN TRUSLOW, >vieo-Pras’ts
O. F. RICHARDSON, Secretary.

The Company has the following Assets, viz.:
United States and State of New
York Stock, City, Bank and
other Stocks.......................................$7,816,455 00
Wm. Dick,
Loans secured by Stocks and
A. D. Baird,
otherwise........................................... 2,027,000 00 Darwin R. James,
ff. B. Tuttle,
John Truslow,
Real Estate and Claims due the
company, estimated at.................. 1,029,345 26 Ditmas Jewell,
IT W, Wurster,
.
Premium Notes and Bills Re­
ceivable ...................................... 1,336,622 46
Cash in Bank........................................
276,262 99

TRU STEESi
Bernard Peters, John Loughran,
Wm. E. Horwlll, Edward T. Hulst,
J. B. Voorhees, Jno.McLaughlin,
A. D. Wheelock, A. M. Suydam,
Wm. F. Garrison, Wm.E. Wheelock
Jno. T. Willets, O. F. Ricmirdson
Chas. H. RusBeil iHenry Seibert.

Minneapolis Trust C o .,

Amount................................... $12,485,685 71
SIX PER CENT INTEREST on the outstand­
ing certificates of profits will be paid to the
holders thereof or their legal representatives
on and after Tuesday, the 7th of February next
THE OUTSTANDING CERTIFICATES ol
the issue of 1888 will be redeemed and paid
to the holders thereof, or their legal repre­
sentatives, on and a f^ r Tuesday, the 7th of
February next, from which date all interest
thereon will cease. The certificates to be pro
duced at the time of payment, and canceled.
A DIVIDEND OF FORTY PER CENT is
declared on the net earned premiums of the
Company for the year ending st December,
1892, for which certificates will be issued on
and after Tuesday, the 2d of May next.
By order of the Board,
J , H . €11A P H A N , S ecreta ry .

BOND AND STOCK B R O K E R S ,

130

(C o m p a n ie s.

C A P I T A L AN D S U R P L U S ,

INTEREST ALLOWED ON BALANCES

E

g r u s t

TRUST

Stocks, Bonds and Investments.
MARGIN

[VOL. LV11

TRUSTEES:
J. D. Jones,
W. H. H. Moore,
A. A. Raven,
Joseph H. Chapman,
James Low,
Wm. Sturgis,
Benjamin H. Field,
James G. De Forest,
William Degroot,
William H. Webb,
Horace Gray,
William E. Dodge, .
George Bliss,
John L. Riker,
C. A. Hand,
John D. Hewlett,
Charles P. Burdett,
Henry E. Hawley,

Charles H. Marshall,
Charles D. Leverioh,
Edward Floyd-Jones,
George H. Macy,
Lawrence Turnure,
Waldron P. Brown,
Anson W. Hard,
Isaac Bell,
N. Denton Smith,
Thomas Maitland,
Gustav Amsinck,
Joseph Agostini,
George W. Camp Dell,
Vernon H. Brown,
Christian de Thomsen,
Leauder N. Lovell,
Everett Frazar,
William B. Boulton.

Jas. Carothers,

J. D. JONES, President.
W. H. H. MOORE, Vice-President.

9 0 F O U R T H A Y E ., P I T T S B U R G . P A .

A. A. RAVEN, 2d Vice-President

1 0 0 K a s o t a B u ild in g :.
C A P IT A L ,
F u n d w i t h S ta te A u d i t o r ,

$ 5 0 0 ,0 0 0 .
1 0 0 ,0 0 0 *

Has no deposits; receives money on trust account
only. Burglar proof vaults. Wills kept safely with­
out charge. Acts as executor, trustee and guardian;
executes trusts of every description.
DIRECTORS.
Samuel Hill, President; Wm. H: Dunwoody, First
Vice-President; H. F. Brown. Second Vice-Presi­
dent; Daniel Bassett, Third Vice-President; Clarkson
Llndley, Secretary and Treasurer; Isaac At water
H. W. Gannon, James J. Hill, R. B. Laugdon, A. F
Kelley, W. G. Northup, C. G. Goodrich, Charles A.
Pillsbury A. H. Linton and P. B. Winston.

Missouri Kansas & Texas
Trust C o .,
KAN SAS

C IT Y ,

MO.

B R A N C H O F F IC E S l
30 Wall St., New York.
439 Chestnut 8t., Phila.
297 Heerengracht, Amsterdam, Holland.
P A ID C A P I T A L ......................S I ,‘2 5 0 ,0 0 0 0 0
S U R P L U S ..................................
3 0 0 ,0 0 0 0 0
U N D IV ID E D P R O F I T S .......
7 0 ,5 3 2 0 0
ARTHUR E. 8TILWELL, Pres.
BOARD OF DIRECTORS.
W. 8. Woods,
C. A. Dean,
E. L. Martin,
J. McD. Trimble, A. E. Stillwell, A. A. MosherW. S. Taylor,
J. E. McKeighan, H. A. Lloyd,
B. F, Hobart,
Chas. Clark,
E. P. Merwin.
C. E. Grannlss, A. Heckscher,
Wm. Waterall,
W. H. Lucas,
W. D. Black,
Dr. H. M. Howe,
John F. Dryden. E. W. Marsh.
E. Henry Barnes

Metropolitan Trust C o .,
3 7 & 3 9 W a ll Street, New Y ork .
P aid -U p C a p ita l .......................... S i , 0 0 0 ,0 0 0
S u r p lu s......................................... .
8 0 0 ,0 0 0
Designated as a legal depositary by order of
Supreme Court. Receive deposits of money on in­
terest, nut as fiscal or transfer agent, or trustee for
corporations, and accept and execute any legal trusts
from persons or corporations, on as favorable terms
as other similar companies.
Thomas Hillhouse, Pres. Fred’k D. Tappen, Y.-Pres.
C. M. Je8up, 2d V.-Pres. Beverly Chew, Secretary.
George D. Coaney, Assistant Secretary, ijr S k
rB