Full text of Commercial and Financial Chronicle : December 5, 1891, Vol. 53, No. 1380

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

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HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMKtiCIAL INTERESTS OF THE UNITED STATES
[Entered aooordlnK to Act of Congresa. In the year
by Wm.
1891.

B.

VOL. 53.
SATURDAY.
GLEARINO HOUSE RETURNS.
The followinj? statement shovsra the bank clearings
week ending to-day (December 5.)
Wtek BnMnt Dectmber

CLXARraoa.

Bttwmt by

Tttetrapk.

1891.

New York

Dana A Oo.. In the olBee ol

DECEMBER

Now York

5.

Siila

88.676,937
62,549,819

--.,

18,&2ii,712

13,094,991!

-0-J
+8-1
-7-4
+41-6

St. Lonla. ........... .....

91,156.000
23,000,000
10,807,478

81,311,000
20,670,348
12,298.183

+11-3
-la-

$9U,I81,567
160,243,811

$897,416,461
155,986,408

+1-9
+2-7

$1,074,425,378
208.819,987

fl,05.%40),S59
208,207,243

+20
+i-;i

$1,283,245,365

$1,259,609,202

I-I-9

Boston
PhUktlelphla
Baltlmoro. ...........

,

Chicago

New Orleans
Seven oitles. 6 days
Other oltlea, 6 days
Total

all cities, 5

days..

AU cities, Iday
Total

,

all cities for

week..

The exhibit of clearings foi Nov. and since Jan,

1 is

+121

as follows

ihara.)

EUven Monttu.

(Oram

2,948,280,909 3,349,789,159

8,220,
5,858.:i58 +1-9
5,934,,6i8 -1-9
5,482,.563 -6-4
5,709.i,981 -8-6
,833 -22-4
i;831,741 + 8-3

4,335,303,028
253,154,200
964.67,848
66,390,307
57,096,578
65,910,269
57,208,291
36,915,611
21,650,278

4,742,005,036 -86
242,017,300 H-i
96,309.907 -01
61,700,229 +60
60,714,788 -4-5
64,861.081 +!»
66,216,998 + 1-8
35,834,705 +3-0
19,170,362 +12-9

-9-0

4,979,695,908

5,368,819,307

446.650,

Soweil
Bedford.

w

402.928,344
28,003,300
7,622,760
6,762,928
5,824,054
6.098.793
6,225,275
3,410,512
1,983,712

Total N. Bns

482,769,898

508,583,238

Providence...

Hartford
Haven...

Kew

Snrinxtleld

...

WoMester.....

Ponfand

Philadelphia.
Plttaborg
Baltimore....
BnlTalo

WUmlngton

55,361,3!)0

61,499,142
39,817,938
7,398,287
3,4.i:(,270

..

Syracuse

3,901,827

Total Middle

Chicago
Cincinnati

Milwaukee....

401,985,053
68.358,600
31,259,001

Detroit

27,1.36,512

Orand Rapids.

22,918,943
13,666,800
10,307,543
7,874,148
3,721,523

Tot.M.West.

577,206,123

San FranciBoo.

79.182,119
10,213,«M3
3,497.062

[ndlanapolia„.

Peoria

Portland..
Seattle

Tacoma
Loa Angeles..
Total PaclBc

Kansas

City...

Minneapolis...
St. Paol.

Omaha
Denver
Duluth
St. .josepb

...

SUjux City

...

I>ea .Moines.

.

Wichita
Lincoln

Topeka

Tot oth'rW.
8t.Lonls

Kew Orleans,.
Louisville
Memphis
Blcbmon'l
galveston

. .

Rastavllle

Dallas

Fort Worth...
Norfolk
Oiattanooga..
Birmingham..
Lexington
Total South.

PoUl

all

-7-2

Buston

80,193,827
6,219,700
1,488,286
1,136,541

6,233,916'
3,718,970!

101,874,080
43.146,456
42.189,215
28,651,499
18,637,998
19,118,383
9,376,000
8,989,932
4,647,001
3,461,193
2,080.124
2,828,877
1,758,718
180,680,693

97,808,462
82,557,462
2»,23.x.2ai

16,016,396
9,300.000
18,672,648
7,703,321
4,002,188
2,308.175
5,001,9.->7

1,761,000
2,803,507
1.861,306

249,451,061
4,966,2l0,f!81

Outside w. Y. '2,017.919,072

538,344,386

94,412,ail4

81,474,713
40,686,672

+7-2 5,812,074,787 6,505,809,825

70.822,438 +11-8
9,17»,555 +11-7
33-8
6,270,447
5,374,340 -2-8
2,833.897 +31-6
03,474,677

241,430,505 -1-2
141,301,300 41-3
96,477,824 -21
76,328,837 46-7
34,947,488 +16-4

818,177,6*3
92,019,393
44,990,157
45.53e,.369

35,232308

+9-0 1,036,956.420

+5-6

+5-8
81.627,070 +8-7

77-2,978,008
61.96:i.387

-13-4

42,071,89' +8-2
28,871,783 422-0

+5-7

-7-1

12,246404

Baltimore

12,926,448
7,804.926
1,320,736
1,602,824
776,370
782,850
216,100

14,858,160
13,097,988
6,999,694
1,346,437
1,289.864
749,867
664,039
208,400

96,629,655

83,432,332
11,888,160
6,712,345

Buffalo

Washington..
Koohester ....
Wilmington...
Syracuse
Middle..

Milwaukee

+8-5 1,029,359,832 1,020,792,093 40-8
58,71-2,595 -10-5
456,064,410
459347.213 -0-3
860.100.403
32,031,638 -8-7
328.682,481
114,416,627 -0-6
15,974,03? -iO-4
113.811.074
103,249,187 +5-2
8,873,783 44-8
108.583,762
96,671.716 +490
15,241,226 +21-9
143,996,701
104,088,733 -7-7
9,400,096 -181
96.899.508
-86-1
66,179,636 -250
6,369,128
43,106,937
1».8S3,846 -84-2
20,776,016
3,691327 -ss-s
43367,900 +16-7
6,091,323 -8-0
49,015,043
-84-6
38336,600 -282
21,433,000
2,834,000
36,330,787 -21-4
2,911.067 —10-6
28,630,999
81,433,445 —4-6
1,920,156 -81
20,443,316
257,874,755

+160

89,666,165

-4-0

U4,773,902

-14-4

71,991381
11417,000

+ 16-0
-20-2
-4-0
-0-3
+3-0

100,623,998
14,103,750
7,410,430
6,640,790
6,703,167
8,417.800

+813

8,'296,384

4251

1,942,981
1,087,076

4 6-8

143316,101

+6-T

17.806,101
8,868,468
1.676,647

+ 8S-S

Salt Lake City..
Seattle

l,411,6ii5

l,322,6ii4

660,282

Tacoma

-2-6

46

7

+11-4
+801»
-36-5

1,223,911

1,040,883
1,258,084

Los Angeles....

675,500

518,300

-86-8
—8-7
+30-3

Total Paoiflo..

21,733,424

21,670,761

+0-3

26,029,508

+18-S

8.753.350
8.601,010
6,689.266
4,167,243
3.941,948
1,769,581
1,8C8,146

7,402,562
6,767,374
4,624,724
4,248,039
4,309,662
1,864,673
1,168,569
1,049,234

+18-2
+49-1
+85-7

10,280466

+18-4
4i7-e

Kansas City.
Paul

Dulnth
Joseph
Siooxaty....
St.

1,079342

836,463
1,600,439

1365.162
1,390,709

-t8-6
-26-6

860.000
491.781

+ 7-2

656,4541
477.217;

604,609

548,1.<7

406496
673,238
420,067

646.006
638,966
467,268

-10-1

87,295,875

32,424,993

+16-0

"4*377328

Oslveston

4,20'>,8e2

Houston
NashvUle

2,401,349
1,619,625
8,167,207

18,709.301
13.694,830
6,411,606
4,473.537
3,0)8,313
1.778,301
8.088,074

960.IO0

1343,402

+6-8
-10-9
+8-8
-6-1
+15-1
-14-6
-18-7
-80-8
-3-0
-12-8
-20-7
-18-8

33.447,000

I,oulsvllle

10.788.780
12.113,826
6,814,819

Topeka
Total other Western.

Louis
New Orleans

St.

Memphis
Kort Worth
Norfolk

Birmingham
Lexington

Savannah*

022,940
1,108,167

442,000
700,006
876,410

1.053,168,708 1.088380.641

Ootslda New York
«ll>,«oe330
• Not Included in totala

400.080.913

'

Our compilation

or

Stock

QmwtWtt

j^f'L

Actual

VWlM.

•1,8
•8.8

Il«

•88,WH3a*

51,266,108,781 56,961 ,480,601

-84

-1-9 20,775,825,815 31,890,362,728

~^¥9

Total

'•e,8214808«t'

-w
+ 10^1

8,060,648

1.796.M8
8,907304

-81-4
-81-4
-tO«

964,386
667.404
1.4a03IM

-90-0

48.1,000

-14'«

00,a61,3U

-8-«

+1-0 1.318.U3.M3

-10-8

-+»gl'8ii»i(>«A>«
is

as followo

:

£l«iwil Montlu, 18)0.

AetiMi

AMT'fS

raiiw.

ioiS;4o»:S6!t»"w»H!S

•373,907,730 •a(.0a8310^.8£0
•S.llf.oSlllp-l
•3.608.600

68*0
04i<e.

I13M(>(M70 iirTo
Cotton, bis.
Uraln.bnsb. 2115.101,606 •8,aiOt7iai7,uaMs.
vain.-

4,139,4.'<8

-S-9

I

11.3003731 74-1
{1.9«0,8SS'll6-7
E.7«a.738i 60-8
K488,Ua 140-5

•0304831900 •(.088(10781

-01

-17-»
+81-0

6,043,802

040,611
476,000
8,840,700

Uvsr-gs Pttr Fains
PriM. •r QHa>Mff|t|

[S441I00364' 67-0

I9W,S

PlW

-10-$
+6-1
-3-r

8

-10

months

of sales, &c., for 11

Etevm Xontlu, ISOL
D—erifUa*. Par Taltu

*»

n-7
+87

-18-8
+1?

1,943306

64388330

62,093,108

all

+863

-11-8
-8-«

-«•

18,068313

1,662,066

Total Sonttaam.
Total

0O'J,718

901,011
324,000
614,671
837,161
8,479,028

410-0

10,157,830
0,933,740
4,601.429
4,661,197
2,421,607

-1-8
-8-5
-6-6
+11-9
+2-9

Lincoln

l)es Moines...

+ 23-7

841,500

Wichita

-3-3 2,469,613,067 3,600,416,676 -1-2

-81

tn
-o-i
-8-«
+»-l

+0-6
+7-6

04,534,031

-UO

84A,025
908,084
301,000

1,783,601

+9-6

-30

+ 11

1380304

+8-4
+17-9
+3-7

9376483

16,723,786
1,807,166

1,784 ,83.'.,S87

-7-7

+ 16-6

109,085,367

+0-0 1,873,499,400

-84-1

16,973,r<49

16,818,082
1,944,004

San Francisco..

164,893,0«2

2,772350 -250
+2-4

+21

-176
+6-8
+11-5
-1-9

119,647,273

Total Middle Western.

2,664,412
1,844,306

+13-6

+3»«
-104

4,463,078
2,772,500
2,119,564
1,618,51'
738,936

Indianapolis
Peoria
Grand Baplds....

+23-5

8,046,8'>7

4 0-3

022.632
448,760

1300.030

Cleveland

Columbns

Atlanta*

-5-5

-**
-•^
-1-5
-71

1,348,880

8,408,911
6,066,649
4,769,940
2.690,600
1,717,446
1,862,369
690,711

236,762,818
96,496,306
71,086,888
43,541,715
80,343,470
86,381,013
37,170,678
17,961,336

-10-3

1,800.800
1.804,675

5321,862

71,874,104
44,460,022
87,160,617
23,970.646
26,078,79«
18,166,842

91,176333

1,923386

Detroit

Chattanooga

418,105,266
324,011,634
215,710,528
193,468,647
210.307,453

-r»

-H<
-80-*
-US

—7-5
461,771,45'
272,60,1,374 +18-9
-5-2
306,066,461
181
3.36,126,008

38,087.020 +13-3
33,729,881 +25-1
25-1
21,301,050
12-6
21,800,211
-4
19,918,061
-4-0
9,767,200
5,575,821 +25-3
6,006,484 -7-2

(280,000)

70,482,626
18.76;,970

DaUas
960,610,127

(779,600)

-5-5

Denver., k...

148,268,300

(20326,900)

01,341316

Minneapolis..

2L<8,624,397

(+10-41
1-80-1)

(-78-3

67,964.406

Omaha

4 8-0
+3-7

(1491,570)

Philadelphia.,
Pittsburg

-9-6

821,7d2,0tiS -10-8
275,256,908 + 4-5

-IM

718307,068

7)

113366,774

+9-7

684,440,250

n

P. CtH*.

-0-6

New England.

Total

37,67.-,9Ul

606,072,850
287,103,620
287,523,199

+1-7

(-30

Km.

92,644,796

988,787
971,618
671,888

Portland
Lowell
.New Bedford,.

6,309,892,907

4,032,938302 3,733,893,361

MOl.

92,109,496

1470,984

.

4,805,067,153

+7-6

P.Cmt

834366

Now Haven...
Sphnntteld....
Vvorcester. .

-0-7

64,2 ,'8,800

as follow*

'Fm* Mnd'i

6,096,100
1,821.020
1,031.366
1,012,005
1,131,338
1,116,066
683,940
298,696

3,413,168,611 -11-9
729,819,762 -151
4-5
693,839,401
318,916,118 + 11-9
77.781,503 +32
38,085.618 -11

36,92e,6;3 -15-4
26,298.154 +3-2
22,777,898 +0-6
14,141,900 -3-4
9,178,131 +12-3
7.477.078 +5-3
3,008,367 + 23-8

80,065348

is

29.

97,162,118
6,426,700

3,006,090,608
619,709,246
662,274,421
356,926,883
80.283,794
38.583.629
41,238,643

364,309,684 +10-3

(1,601,660)
(488,600)
(38,419,076)
(734,000)

38

1.380.

+0-2
-8-4
-8-2
+10-2
+16-7
-IS-l
—13-0
-1-8
+11-9

12-7
317,881,009
67,007,888 -i;-4
61,397,100 +0-2
33,261.682 +10-2
7,003,064 +5-0
3,622,382 -20
3,784,179 i4-7

493,847,352

628,269,628

(160,000)

Providence....
ilarlford

St.

445,977,397

Cleveland

Columbus

-So

684,189,872

(17,69\«87)

Portland
277,855,783

Washington..

-2-8

2.5,720,

1890.

t>6(<..

Chicago

30,490,276,996 34,691,117,873 -11-9

1891.

bata.;

Cincinnati

RewTork
Boston

BiuUnt trovember

bwihtU'

iCotUm

(Pftntewn

ToUl

1891.

tr««A

(1,106,380)
(639,200)

Bingham ton...
Xovtmber.

week ending November

of—

(Stncla

Percent.

I6;0,»72,34»
81,928,357
67,640,224

$019,!> 1)1,581

for the

for the

1890.

NO.

1891.

5,

The exhibit

the Librarian of OongreM, WaahtnRton, D. O.)

1S53M.M0
Pfi,l7fa>lfl<>4
81.703,008,:

fvTlk

1.758.040,534 il.4013«««3t 80«L
I

[•fl,780<44»al

THE CHRONICLE

812

the

represent

THE

[Vol. LIII.

general

toae,

which

continues

con-

fident.

STyiTE ^I^B CITY BEf/^BTMEI^T,

Confidence in the future, too, seems still to find good
support in the developing industrial facts. Increased
Do not fail to look to-day on pages 853, 854, 855 and 856 for earnings the public has got accustomed
to, but increased
many
our State and City Department. In it will be found
dividends,
which
are
following
city
now,
are
the natural
of
statements
highly interesting articles, items and new
article on fruit that net earnings have just begun to bear, and
an
to
attention
call
especially
would
We
debts.
and to another on there will be more of the same in coming weeks and
St. Louis's recent sale of bonds in London,
Kansas Debt Limitation. The latter will be followed by a months. Below we refer somewhat more at length to
second article on the same subject, probably next week.
the revival of general trade growing out of this uninterrupted prosperity of railroad property

THE FINANCIAL SITUATION.
The market

which we suggested

passed through a variety of experi-

lias

So far

ences the past week.

as the

Stock Exchange

is

concerned, they leave the situation at the end much as
And yet the new developments
it was at the start.
respecting the rehypothecation of securities by Mr.
Field, of Field, Lindley, Wiechers & Co., a firm whose
failure was

announced

last week, have been of a most
while the action of the Stock

damaging character
Exchange in ruling that the rehypothecated
;

securities

were not a good delivery tended further to disturb the
relations of borrowers and lenders, and therefore to disturb confidence at the most sensitive point. We do not
mean to be understood as saying that the action of the
Stock Exchange Committee was uncalled for or inexpedient. "We are only speaking of the temporary influence of the action. Whether the course pursued was wise
or not opens a wide question which cannot be determined

— a condition

week must speedily result from
the larger expenditures by managers of roads.
As we
get nearer to the opening of spring we look to see this
influence developing more decidedly.
It always first
comes in orders for more cars, then more rails, and
these make the iron trade prosperous, and that starts
up many industries and in turn increases the traffic of
the roads themselves, first in carrying the ore and then
in distributing the merchandise. Does there not appear
to be good encouragement for expecting some such
development as this from existing conditions?
As already said, the money market has been somewhat disturbed by the developments and events conlast

nected with the rehypothecation of securities noted

Bank

above.

reserves are

however

so large

now and

so

well distributed that the officers are desirous of getting

Out of a
out their funds when they can do so safely.
total surplus reserve of $14,832,350 reported last Sat-

urday by all the banks, five of the larger institutions
and the held only $6,Gi4,500, which shows a general ability to
The results of this enlarged
traverse the accommodate borrowers.

without considering other than the inconveniences and
unsettled feeling which the act precipitated

No

public suffered.

one,

we fancy,

will

well-settled proposition that a negotiable security passes

supply

by delivery and

call

safe

is

in

an innocent holder's hands.

have

been

pretty

distinctly

seen

in

the

mirket, which very natunot affected by the disturbance in
Bankers' balances loaned early in the

loan branch

of

the

But even admitting that principle in its broadest sense, rally was
we cannot put out of view the fraud and the extent of time loans.
the fraud which had been perpetrated, and the need, if week at 4 per cent, but gradually fell off to 3 per cent.
possible, for arresting, in some small degree at least, its Yesterday there was a spurt to 6 per cent, (mt
consummation. We can all of us easily imagine facts the close was at 3 per cent.
The average for the
or even suspicions apparently well supported, which week has been only about 3 per cent and renewals
might under such circumstances justify action, nay were made at 3 to 3^ per cent. Banks and trust comeven require it, in the effort to save the rights of those panies maintained 3 per cent as the minimum, although
who had been grossly wronged.
some obtained 4 per cent. For time money lenders
These matters were chiefly of influence in the money have been obliged closely to scrutinize stock collaterals.
market, and hence

unquestioned reputation have been able to
lenders have also accepted first class
;
borrower as well as the security offered became subject mixed collateral instead of insisting upon prime dividend
of scrutiny.
This friction in the main was of but security with a small percentage of mixed, but names
brief endurance, for as the week has progressed the have in every case been closely examined.
Quotations
stricter discrimination observed at first has in consider- for the best class of loans are 4 per cent for thirty to

They disturbed

able part

worn

painful in

off.

many

indirectly in

the stock market.

business because the repute

And yet

of the

the incident so trying and

of its phases

and bearings has beyond

Houses

of

obtain low rates

ninety days and 4|^@5
tracts

on

all

mixed

for

four to six months.

collateral of a little lower grade

Concan

doubt

left behind it a feeling not soon to be forgotten,
be secured at about ^ of 1 per cent higher. There is a
which is expressed in a little loss of confidence in good demand for commercial paper, and the supply oi:
humanity in general and hence a little closer character really first-class names is unusually small for the seastudy in making loans. Other than this there has been
son.
The inquiry is quite general from out-of-town,
no event peculiar to the week which has exercised any and a good many city banks are in the market. Rates

special depressing

influence.
It does not encourage
enterprise or buoyancy that foreign exchange has
been
firmer and higher and the gold import movement

are 5 per cent firm for sixty to ninety-day endorsed bills

months' commission house
for four to six months' single names.
stopped. So too the gathering of Congressmen
at WashThe principal feature in Europe this week has been a
ington a,nd the dealing out of daily gossip of their
doings speech by Mr. Goschen at the merchant tailors' banand sayings is not of a nature to aid business. Amid it
all quet on Wednesday evening.
After unfolding his plan
though there has been unchanged strength in
values at for the issue of one-pound notes by the Bank of Engthe Stock Exchange.
Of course it has been easy to land, he is represented to have expressed himself in
attack and affect the prices of properties
not standing favor of considering the silver queston in an interna well or not promising improved dividend
results. Some tional monetary conference.
This statement appears,
such securities have been hammered, and
yielded. This according to cable advices, to have been interpreted in
however is not true of the general market, nor
does it London to mean that at last the Government was willhas

5@5^
names, and 5|@6

receivable,

for four

Dkobhbkb

6,

THE CHRONICLE

IStll,

818

to diEcuss this important question. We can see noth- in business on the Stock Exchange has been a promiing in wliat has been cabled to tliis aide to encourage nent factor in the decline in the clearings at New
Indeed, all wo imve been able to dis- York. The market value of the stock sales in Novemany sncli idea.
cover in Mr. Ooachen's remarks was the statement that ber 1891 was only 302 million dollars, while in Novemif foreign gorernments opened their mints to the free ber 1890 it was 430 million dollari, being a decreaw

5ng

'

Bank of England would be invited of 128 million dollars. At an average of 2^ check* to
under the provisions of the Bank Charter Act each transaction, this decrease of 128 millions in stock
allowing it to hold one-fifth of its bullion in silver. sales would represent a loss in clearings of 320 milThat would be an original way of favoring bi-metallism. lions, thus accounting for a very considerable proporThe cable reports discounts of sixty to ninety-day tion of the whole loss in clearings. The following
The open market gives the monthly figures of clearings back to the
bank bills in London 2i per cent.
rate at Paris is 2|, at Berlin it is 3^ and at Frankfort 1st of January, both with and without New York.
MOMTHLT OUBARIXOR.
3i per cent. The Bank of England lost £69,000 bullion during the week.
This, as we are advised by
OUarinf OuUUU .Vtio Fork.
Cltarinot. 7btn> AIL
Mont*.
special cable to us, was due to imports principally from
1890.
1891.
1890.
F.au
[P.m.
Portugal and India of £70,000, to an export (wholly to
the Argentine Republic) of £110,000 and to shipments JaniuuT... 4.939..'US,736 6,265,443,340 -6-0 13SM44370 i3er,oi«3sa +1-0
13^835141*
8,M0,t71,128 4,449,780,858 -11-2
Kebmary
The Bank March
1,705311,985 f3173«1316
of £29,000 to the interior of Groat Britain.
4.2U.441.S07 4,640,485.106'
Lat qnar.. 13,100,230,671 14,346,661410 -8-7 6,302,598387 6,426369364 -<n
of Prance shows an increase of £311:,000 gold, and since
coinage of silver the
to act

.

the last report the

£48,000 of

Bank

of

Germany has gained about

this metal.

Exchange was easy

early in the week, but influenced

by a demand for remittance and also by a scarcity of
commercial bills, due to the cancelling of some contracts for grain because prices have ruled higher here
than in Europe, the market grew firmer after Tuesday,
especially for long sterling, which was partly affected
by easier discounts in London. On Monday Brown
Bros., Baring, Magoun & Oo. and the Bank of Montreal reduced the sight rate to 4 84^.
On Tuesday
Brown Bros, advanced long to 4 82 and short to 4 85,
and on the following day Baring, Magoun & Oo. also
moved up to the same figures while the Bank of British
North America and the Bank of Montreal
advanced long sterling to 4 82, making the rates
uniform at 4 82 for long and 4 85 for short. The
market closed steady at these figures yesterday. Rates
for actual business were 4 81^ to 4 81^ for long, 4 84 to
4 84i for short, 4 84^ to 4 84| for cable transfers, 4 80i
to 4 80J for prime and 4 79| to 4 80 for documentary
commercial bills. Gold to the amount of $326,000
arrived by the steamer La Champagne on Monday,
consigned to Lazard Freres. A San Francisco dispatch
announces the arrival at that port from Sydney of
;

£550,000 (about $2,750,000) in gold this week. Our
readers have seen frftai the table ot San Francisco
imports and exports which we publish monthly (see
page 734 of Chbonicle Nov. 21 1891) that $2,295,569
were received from the same place in October, $1,137,711 in September and $790,938 in August.

AprlL

1,78S.39<),U4

4328416,130

-OD

1.889,518,330

1304,531,973

Uar~

4,/89.5fl«.ei2

6,881,786,427

-W8

Jane.

5.092,636,756 —14-4

1382.822.000
1313.102.595

2,ll9fl,2i»,«05

1.388,615.217

-U-8

5.589443,015

6.931313,719

Sdqnsr... 13,933.571,958 16,806,630,3:i<

6 montbs. 27,03i,806,0«» 30,161,200,43;i -10-8 10,978,036,702 11361,073,288

July

4,371, S83,t89

A.nRiist....-

4,1.18.848,818

Septoraber.

The

railroad interest
effect,

is

beginning to exert

the expected

and the industries directly affected by the

road situation are the

improving tendency.
.

prosperity of the

first to

Thus the

rail-

6,275.486489

13,805,710.99« 14,014,102,658

montbs

40,S39.51i8,820 44,783,303,000

October....

5..ieo,3(i3,28il

6.809,390,833

XoTember.

4,988,210.881

5.406.788.678

able losses too

6

per cent.

result, as in other

months,

Outside of
is

New York

the

more favorable, the de-

crease being but 1-9 per cent, which compares with
2-9 per cent decrease in October.
large falling off

A

-6-0 2.178,253,853 2,242,847,300
-8-1 2.1117,949.9721 2.067.017,519! -1-9
1

—

—

New

at such seaboard centres as

York,

demonstrates that in the agricultural sections the influence of the large crops is proving very potent, so that
after decided growth in previous years there is further
growth the present year. The following is a comparative

statement of the clearings at the principal

cities

for a series of years.

BANK CLBARINOS POB JfOTEMBKR AT LEADITO

CTTTE*.

1894.

000,000»

1891,

1890.

1889.

1888.

1887.

1886.

1885.

omittea.

«

$

$

*

9

9

9

9

3,350 3,204

2,716

2,932

3.182

3,319

2,096

417
329
57
301
84
59
73

412
276

395
288
52
273
73
56
71

389
269
59
231
69
42
63

367
223
40
224
65
49
49

263
170
63
174
SO
SO
44

4,.524

3,935

4,140 4,302

4,341

2,908

517

447

397

348

273

223

5,041
1,837

4,.382

4,537
1,605

4,6.'>0

4.613
1.294

3,130
1,034

New

York...

Boston

2,948

403
278
61

402
98
53
79

446
318
61
364
95
59
71

result of large orders given by the railroads, St. IX)Ul8....
Now Orloana
present a more reassuring appearance than for some San Fran'oo.
time past. Bank clearings of course do not yet reflect
4,322 4,764
Total
643
this change, since they represent in a measure past Other altt08„
«44

millions, or

-e^
-3«

At
before and 72 millions in 1888.
Chicago there has been an increase in each and every
recent year, and the total at 402 million dollars for
November 1891 compares with only 364 million dollars
in 1890, 301 millions in 1889 and but 174 millions in
1884.
This is particularly encouraging because it

BaUlmorc...
Chlongo

prepared our statement of clearings for the month of
November and it shows a falling off in the aggregate
for all the cities of 440 million dollars, or 8-1 per cent.
In the month preceding the falling off was only 349

16,.W9,e22490 17,090,487310,

-f*8

lions the year

iron and steel trades,

have this week

6,7283U,.';27i

Boston and Philadelphia, on the other hand at some of
the leading Western cities the clearings are larger
than last year and also larger than in any preceding
St. Louis and Chicago are conspicuous illustrayear.
tions, the first-mentioned place having a total of 98
millions this year against 95 millions last year, 84 mil-

Puiladelplila

We

6.601,S8.->,<88

Another favorable feature appears when we examine

as the

rather than present eonditions.

1,900,360.459'

—5-5

It is
the clearings at some of the separate cities.
found that while there are losses and quite consider-

of the

afford evidence

l,994425,043j -61
1334,829,026 -4-8

-9-4
4,794,466373 -13-3
4,992353,706 +6-7

4,827,282,487

3d qnar...

There are signs of some change for the better in the
condition of general trade.

-<y»
-tort

1334,025,061

Total an..,

OutsldeN.Y.

4.966 5,407
2,013 2,057

51

280
72
56
73

1,666

1.468

In regard to the stock sales on our Stock Exchange,
the financial disturbances caused special activity ia

Xovembor
falling

off

last year, so it is hartlly

the present year.

surprising to find a

Still,

the 1891 total

ia

of shares sold during the

in itself, the number
month having been only 6,348,652. In October the
number was 6,736,872 shares, and in September, when

.small

—

.

THE CHRONICLE.

814

I

Vol. LUl.

were on a heavy scale, the number was those for the ten months to the end of October, an^
give them below.
It will be observed that for the ten
We annex our usual table.
months
the
total
of
the net is only about $179,000BXOHANOE.
TOKK
STOCK
THE
NBW
SALES OP STOCKS AT
below that of a year ago.

transactions

11,176/^32 shares.

1890.

1891.

Month.

YaltM.

yutnber
of

Shara

Par.
t

5,618,788

Jan....
Feb....

3,275,894

March.

3,646,978

540,138,650
318.304.825
343.087,315

Istqr 12,841,661 1,206.530.520
April...

7,183,818

899,306,920

May....
Jane...

6,288,282

616,644.060
300,588,525

Mqr.
6 mos.

8,978,514!

Actual.

MIS80UKI PACIFIC * IRON MOUNTAIN.

Vatutt.

Number
of Shsret,

Par.

t
268.480,862
175,683,84'

6,363,019
5,199,190

1
646.416.800
472,192,000

196.297,050

4,497,653

383,144,126

t
315.979,202

811,174,518
234,407,943

839,450,762 18,049,882 1,401,762,925

861,561,663

466,455,200
5,082,477
372,333,386 11,052.779 1,051,139,065
618,713,026
233,397,187 5,440,123

304,199.207

422,983,610

«28,978,858
322,129,909

809,892,100!

180,596,163

8,0Oi,91S

276,741,235

176,583,444

674,306,250

324.018.688

Sept.... 11,176,232 1,079,688,860

592,654,462

4,141,605
5.141,541

392,072,315
488,382,390

260,580,005
311.310,475

3dqr. 20,176,032 l,903,68i,200 1,097,299,283 12.288.064 1,157,195,940

738.474,524

60,168,257 4,878,757,166 2,765,464,128 49,913,805'4,596,256.155 2,855,344,161
6.736,872

.

9

Oross earning
Operating expenses

2,752,1.58

1,621,386

2,453,482
1,691,752

20,880,736
15,166,002

20,828,447
14,934,909

Net earninKS

1,130,772

761,730

6,714,734

5,893,538

&

In the South, the Louisville

Nashville has net of

against $731,301, the Chesapeake & Ohio'
$229,827 against $203,008, the Norfolk & Western

$744,648

and

Kansas

Memphis & Birmingham $46,064, against
Among the coal roads, we have the Central

6,845,383

6,348,652

652.261,450
503,826,475'

873.663.805

7,165,76l'

681,679,820

425.814.882

302,082,331

9,066,691'

861,473,460

430.887,916

—

1890.

$355,440

3,154,417

Oct

to Oct.31.

$

29.992,225 2,913,069,965 1.688,164,846 37,626,241 3,438,060,216 2,116,869,837

'

August

Nov..

Jan.l
1891.

1890.

17,450,664 1.706,539,446 1,028,714,08:! 21,576,879 2,038,307,290 1,255,307,974

July....

9mo8..

—

-October,-

1891.

Actual.

against

Jersey with

$334,815,

net of $677,154

Western

New York &

against

$101,375,

-the

City

$36,520.
of

New

$667,052, the

against

Pennsylvania with $118,203
the
Buffalo
Kochester

and

with
& Pittsburg
Among the Mexican

against

$99,752
roads,

$69,107.

Mexican

the

Central

|345,978 against $265,534, and thfr
Mexican National $109,394 against $82,442. Among
year compares with 9,066,694 shares sold last year.
Another railroad company has this week decided to the trunk lines we have the Erie, with $1,047,increase its dividend rate, the Chicago St. Paul Minne- 550 against $1,018,346, and the Cleveland Cincinnati
apolis & Omaha having declared a semi-annual divi- Chicago & St. Louis with $366,420 against $353,dend of 3 per cent on its preferred shares, against only 766. Some other roads which have reported their OcThis tober net this week are the St. Paul & Dnluth, $125,2 per cent at preceding semi-annual periods.
coming after the increase in the rate of distribution by 134 against $80,846, the Fort Worth & Rio Grande,
It will be observed that the 5,348,652 shares sold this

the Burlington
affords

& Quincy and

clear evidence of the

various other companies

improvement which

is

taking place in the situation of the carrying industry.
The St. Paul & Omaha has latterly been enjoying very

net

has

of

$33,479 against $33,546, the Northern Central, $216,384 against $185,206, the Chicago & West Michigan,
the Detroit Lansing &
$65,698 against $68,146,

Northern $51,675 against $41,633, and the Baltimore & Potomac, $22,771 against $64,122.
earnings are issued by the company, but the gross
Our stock market continues dull, with the course of
earnings are increasing in a very striking manner. prices irregular on the whole, but upwards as a general
The return for October has just been furnished, and rule for the better class of stocks. New York Central,
is the best yet made.
It shows gross earnings of Lake Shore and the Vanderbilt properties generally
1977,373 for October this year, against only 1763,137 have been strong and higher, and the same is true of
for October last year, being an increase of $214,336 or Burlington & Quincy and the grangers.
On the other
nearly 30 per cent.
The company's fiscal year ends hand the Richmond Terminal securities have been
with December, and hence it is instructive to know very weak, and Missouri Pacific and Northern Pacific
that for the ten months to October 31, gross earn- have also been depressed and lower.
There have been
ings in 1891 have been $804,696 larger than for the no special developments of moment affecting the
corresponding ten months in 1890, the total beirg course of prices. The increase in the Omaha dividend
16,401,505, against $5,596,809.
Only $213,266 of the and the very satisfactory reports of railroad earnings as
considerable prosperity.

No monthly

statements of net

$804,696 increase occurred in the first half of theye:.r. noted above, have been influences ftf a favorable nature.
From nearly every quarter we are getting veiy Silver bullion certificates spurted upward sharply at
encouraging returns of earnings. The Atchison, with one time, on a misunderstanding of the remarks of
the San Francisco, for October shows an increase of
Mr. Goschen, the British Finance Minister, in refer$296,858 in gross earnings and an increase of $201,928 ence to the use of silver in Great Britain ; after the
in net earnings. The Chicago Burlington & Quincy for
true nature of his remarks became apparent, the price
the same month reports only $54,398 increase in net,
The attempt yesterday to blow up
declined again.
but this follows because of a heavy augmentation in
Russell Sage's office by the throwing of a dynamite
expenses ; gross earniugs increased no less than $357,had no influence on the market.
677.

Among

the Pacific roads, the Canadian Pacific
shows an increase in net of 1152,262 and the Atlantic
system of the Southern Pacific an increase of

85,842.

The Eio Grande Western

reports

net

bomb
The

following statement,

made up from

collected by us, shows the week's receipts
of currency and gold

by the

New York

returns

and shipments,

banks.

of

$110,718, against

$80,939, and the Oregon Improvement $129,474, against $100,816. Even the Denver
& Rio Grande this time has a slight increase in net, the

Week Ending

Dec.

4, 1891.

Received Si/

N.T. Banks.
$2,819,000
600,000

9old

Shipped by
r. Banks.

JV.

JnteHor
Movement.

Ifet

$2,045,000 Gain.
800,000 Loss.

$771,000
200,000

total

of $390,442 for October 1891 comparing with
$.'5,419,000 $2,845,000 Gnln. $574,000
Total fifold andle^al tenders
$380,427 for October 1890. The Colorado Midland,
With the Sub-Treasury operations and the gold
however, again has a loss, the comparison of its net
imports the result is as follows.
being $46,605 against $57,399.
The Missouri

Pacific

has also begun to give out returns of net earnings,
and
for October 1891 states the net this year
as $1,130,772,
against only $761,730 last year.
We have succeeded in
obtaining not only the figures for October,
but also

Wee\ Endint Dec.
Batiks' Interior

4,

1891.

movement, as above

Sub-Treas. oper. and gold Imports..
Total gold and legal tenders

Into
BankB.

$3,419,000
13,301,000

Out of

Net Change in

Bankf.

Sank HoidiiiBi.

$2,845,000 Gnln.
11,100,000 Loss.

$16,776,000 $16,945,O00Ilo3S.

$674,000
800,000
$22B,00Ov

—
Dkcbhbkb

THE CHROmCLR

6. IBUI.J

"The followiuj; table indicates tho ainouat of bullion

Europuaa banks

In tho pritioipiil

this

woek, and at the

oorresp'iudiag dato lost year.
Beetmbtr

AMOto;

OoM.

nclwid.

Ibtoi.

Oarmsnir*.

Awt.-liuu'y

18M.

»
94.8)5.819

Nat.B'liiinai*{

i.mi.aar

23.100.000

8.S00,000
4,009,000

4431S.0no 49.801.000 M.OM.Ojii
26.4e>,007 1«.73«J3S a8,197,a>a
t,92i,i)on 10,679,000

2l.601.0l>!)

!l,8 10,000

K.3S6.0aO

8.63l.O)i>

S.8l8,oon

1,400,000

4.:^7.l)Ol>

il34,«M,71)4 80.36'i,136 310,.VI3,83a ioa.«69.'Io 86.8M,33S 198.11\8I9
llii,01s,30.^ S8.a91.776 210.304,960 105.964.409 86,911,007 191.896.070

com

• Theiltvt«li>Q (Iwtweeii ic'>lrt aiiit silver) iflven In our cabin n(
nnd
bolllou In tliK liaiik <>( (iuria»uy and tlm Bank of Belgium is iuu<l» triiui
abl» Mi oliialii; In nolttiir case Ih It olalined lo
the b«Ht nsiiiuaif wi<

am

bu a(H3!irat<i. <Mt tbiitte baukn make no dlstlaoriuu In their weekly reCiiruH.
mnrply ri'p >rtink'tli» toLal :;<il(l and silver, but we believe the dlvtaiuu

we make

If*

a

ebme aiiproxtmatloQ.

NOTB.— We reoi'lve the forettolnif results weekly by cable, aud while not
ot the dHi« Klven at the head of the ooluina, they are ihereturiu
aaaed nearest u> that date that Is, the latest reported ttgores.

•li
!

on account of smaller poasion payment't) than for the
same months of 1890, which shows that not only the
pension payments have been smaller but that the mifcollancous payments have also been materially smaller.
Tho month's changes in tho Government debt thouf^h
of course limited

»
81.896.849

Natkarliinila.

Wk

4.

Mmt.

£

6,477.000 10.680.000
S.5'>0.<lil(i
0.347.000

Tot,thlawe«k

OoM.

2a,7a2,m7

(8.732.047
6:1.010X00 60.S71.30S IOS.021.102
ll.7lia500
<0.83l.000
SB.18..510

franc*

iy>t. prev.

Dtetmbtr

(, 1801.

MlHT.

—

the aggregate are also of inanother little lot of those old refunding 4 per cent certificates issned more than twelve
and a-half years ago his come into the Treasury.
This tibue the amount was only $350, bat the interest
which had accumalated brought tho total due up to

over $500, so a 4 per cent bond was issned to the holder
for $500, the balance of interest due on his certifloata

being paid in c^sh.

This transaction increased the i
stated, but of course it increased the aggregate debt only in the amount of the
per cents in the full

month tended to decrease its amount.
payment on account of the 4i per

There was
cents which

the latter

the smalluess of the disbursements

reduction of $1,640,679 50 in the legal tender fund,

Among

of
of

and espooia

ly the disbursements on account of penThis item for November 1891 is only a little
over half what it was in November 1890.
But one month's figures of any class of disbursements
may be mijleadiag, because payments may be deferred
and the n xt month's total may make good the de_
ficiency.
In this case we cannot accept that explana.
tion, for taking the total for the five months of the new

sions.

fiscal year we find the payments on account of pensions
have been only 148,201,000 against SG6,348,000 for the
same five months of 1890. Or even including the
whole eleven months of the calendar year, the item
aggregates but $103,616,000 against *112,006,000 during the previous corresponding eleven months. So
however we view the matter we reach the same result
that the outgoes on account of pension payments are
smaller this year than they were a year ago, notwithstanding liiere were very important pension laws passed
by the last Congress which those that passed them estimated would make our pension disbursements many
millions larger than they had been.
^\Ce presume when
the Department reports are made to Coegress next

this

al-

matured September 2 1891 of $927,250, the total of
those bonds still outstanding being thereby reduced to
$3,674,250 ; (2) a p;.yment of $2,210 on the matured
debt of a previous date not given and (3) still another

the resnlis beiDg quite unexpected.

week

$350 was

All the other debt changes during

(1) a

CASH.
The monthly Governmeut reports issued the first
December are interesting in many particulars, some
is

amount

interest $150, as the face of the certificate

the

TH£ CONDITION OP THE TREASURY

in

Wo see that

terest.

ready included.

the most notable

815

unexpected result

Just the same feature

is

will be explained.

disclosed in the aggregates

Government disbursements.

;

which fund as our readers are aware was made a part
by act of July 14 1890. Altogether

of the public debt

therefore the actual decrease in these various items of

debt in
of $150,

November was $2,570,139 50, less an increase
making the net decrease $2,569,989 50.

Of course Mr. Foster,

in addition to

ordinary

his

disbursements, has had to provide the funds to p»y this
That of
net debt decrease of over 2^ million dollars.
itself, it

need scarcely be

not a large amount.

said, is

But viewed through Government income decreasing
materially (income has fallen off 64^ million dollars in

the eleven

months

portions magnify

;

of the current calendar year) its pro-

and indeed

in anticipation a year ago
fully

known, and that

if

loss

it

would have looked large

the loss of income had been

had been coupled with the

estimated increase in the appropriations. Under the
circumstances, however, this debt payment has proved

no embarra-isment at all. The Secretary's cash holdings on the first of November and the first of December are subjoined, prepared in our usual form.
1891.
.
December 1.
Boldings by Treasurer in Sub-Treat. «8c. November 1.
$127,674,123 $139,103,224
Net Kuld coiu and bulllou
4.382.-.:44
4,052,960
.yetsUver t-olu and bulllou
2,2A1,786
l,l>76.346
U.S. Treasury notes, aolJuly 14 1390....
522,534
1,670,432
Trade dollar bulUon
,.
3,302.02"
3,531,707
Le((al teuder notes
4.841.754
5.738,795
NaUonal bank notes
14.349.535
15,196,379
Fractional sUver
.

Every one
supposed that not only the pension requirements but
the miscellaneous appropriations Congress had made
$160.27t!,u8S 91.'i'<,}24,130
Total Quv't cash In sub-treasuries
20,37S,I0i
20,141.069
would call for much more money in the calendar Amouot In national hanks
year of 1891 than was paid out in 1890, and yet measTotal cash In banks and sub-treasuries. $1S0.654.190 ftl78.672,109
Here we see that the Secretary has met the demands
ured by the cash outgoes that does not appear to have
during
on him of every kind and nature witli the loss during
been the case. Taking the total for all purposes
$322,the month of only $1,981,991 of his money holdings.
it
is
only
the eleven months of 1891 we find
covering

all

.

Furthermore, these fig381,000, against $331,689,000.
ures include payments on account of the national bank
redemption fund, which are nothing more than piy-

Moreover, it will bo noticed that all of these various
cash items will very soon have become liquid assets.
It was not long since fractional silver holdings aggre-

ments on account of debt, and therefore are not actually
Government expenses and do not come within the scope
Deof the annual Government appropriation bills.
ducting tiiat item for both years, which amounts to
120,621,000 in 1891 and $8,540,000 in 1890, and we
have 1301,760,000 as the aggregate disbursements in
1891 against $323,149,000 in 1890. That is to say, tho
appropnaiions have for the eleven months of 1891 required $31,389,000 less (of which only $8,390,000 were

gated over 26 million dollars and trade dollar bullion
over 6 million, neither available for paying debts. Now
the bullion is only $522,534, and next month we understand the item will disapp;ar entirely, while frao-

To
tional silver has got down to 14J million ilollars.
be sure, these changes have been effected under the laws
of Congress directing the coinage into silver dollars of
the bullion and of a portion ot the subsidiary silver.
But we are not now talking of the policy or impolii^

THE CHRONICLE.

81rt

method by which the
is only the extent and
cash
we have under disFoster's
the availability of Mr.
the management
of
shrewdness
and
the
cussion to-day,
insurmountable
the
surmounted
apparently
which has
a currency question of the
change was brought about. It

4ig

[Vol. LIU.

The conditions thus favor growth, and it is not
strange therefore to find this growth reflected in the returns and statements of the roads.
But it is really
surprising to see

how

steadily

and how uninterruptedly

When crops are
the
large
and
times
good,
an
increase
in
income
of
close
does not
the
to
finances
Treasury
the
bringing
in
seem so very remarkable. But when by successive
vear in so easy a condition.
additions the totals have been raised to very noteworthy
the progress keeps up year after year.

proportions, and

THE TRUNK LINE PROPERTIES.
The
-traffic

steady development of trunk line earnings and
times.
is one of the noteworthy features of the

the trunk lines we mean of course the great systems
between the lower lakes and the Atlantic seaboard, and
The business of these lines
their western conacctions.

By

expanding with marvelous rapidity, and apparently
through good and bad years alike. Crop shortage and
mercantile inactivity have an effect of course, but
-only it would seem to check in part and temporarily
is

the upward movement in the

totals.

when on

top of

it all

a further increase

occurs in a year of adverse conditions, such as that

from which we are now emerging, the result becomes
both significant and impressive, and gives a new idea of
the great development in progress.
It is precisely such a favorable result that we reach
on a compilation of the figures of the different trunkline roads.
It has been our practice heretofore to
make up and bring together the earnings of these roads
for the year ending September 30, which until lately
was the fiscal year of quite a number of the larger

Some

Examination of companies.

of

companies,

the

notably the

the records of recent years discloses that the one event
from which these systems have most to fear is the

New York

occurrence of a war of rates, but as since the West
Shore settlement, effected in 1885, there has been no

State

general war, rate disturbances have not been a serious
influence in their affairs, and hence very great progress
and improvement in the condition of tin properties

But though there are fewer systems now that furnish
annual statements for the period in question, it seems
desirable to continue presenting the figures in the old
way, and accordingly we have made our usual compilations.
The method adopted of course is to use quarterly or monthly returns where there are no annual
statements by the companies themselves for the period
taken.
We thus get totals for a uniform period for all
the roads, and at the same time are enabled to institute
comparisons with the totals for the corresponding
periods of the years preceding, circumstances which

has taken place.
It
lines

must
is

Ise

owned that the
In the

a strong one.

position of these trunk

first

place, the

number

of

30,

to

Central,

correspond

now changed

have
with

the

Commerce Commission

sylvania, never

had

;

their year

year

of

June

to

the

Inter-

Pennend with September.

others, like the

such lines is small in the second place they run
through some of the most populous sections of the
<?puntry, and in the third place manufacturing industries of vast extent are everywhere tributary to them;
then also they have an enormous traffic in coal from
the coal fields which exist in such abundance in the add greatly to the usefulness of the statistics.
Finally,
The first point to attract attention in our tabular
territory south of the State of New York.
;

they are so situated and their geographical location is
such that they form the main avenues or routes from
the interior and remote sections of the country to the
This latter is an advantage which can
seaboard.
hardly be overestimated, for it means that as the West,
t)ie Northwesit, the Southwest, &c., grow in population
and in wealth (and that they are all the time growing
in this way every one knows), as mercantile, manufacturing and general industrial activity in those parts
«xpand8, as their productions sliipped to the East
increase, as their demands upon the East to meet their
consumptive requirements become larger and larger, as
travel multiplies
in a word, as development in a hundred different ways goes on, the trunk lines necessarily
get the benefits and feel the effects in a constantly rising volume of traffic.
Two drawbacks have existed in the past in the way of

—

the realization of the prospect which such a favorable
situation affords, namely the building of additional lines
to share the traffic with the older lines,

and the great
decline in rates arising largely from that circumstance,
but in part also from other and independent causes. In

summaries is the magnitude of the totals presented.
That is always a feature, but more so the present time
than before. The systems embraced are only the New
York Central with the Lake Shore and the Nickel
Plate, the Pennsylvania on its lines east of Pittsburg
and Erie, the Erie with the New York Pennsylvania &
Ohio, and the entire system of the Baltimore & Ohio.
These few systems in the twelve months ending September 30 last earned no less than ISSJ million dollars gross
and nearly 60^ million dollars net. In the twelve months
preceding the earnings of the same roads amounted to
about 181| million dollars gross and to about 5G^
million dollars net.

named
dollars

It follows therefor© that the roads

increased their gross receipts about

and

7;^

million

their net receipts about 4 million dollars in

the late year as compared with the year preceding.

In an ordinary year such an increase would not be
regarded as especially noteworthy. But it so happens
that the late year was a decidedly exceptional one in
some respects. The twelve months preceding had covered a period of large crops and a large crop movement,

and of extreme activity in all departments of trade and
both these particulars it may be regarded that the situ- industry. The late twelve months, on the contrary,
ation has greatly changed of late years.
As to the con- covered a period when the conditions were exactly the
struction of new lines, the experience attending the opposite, as has been so frequently pointed out in these
building of the West Shore and the Nickel-Plate has columns.
The grain harvest of 1890 was short to an
served thus far at least to prevent a repetition of simi- unusual degree, and this led to a correspondingly short
lar undertakings.

As regards

rates, too,

while the ten-

movement

of grain over the railroads.

As a

result of

dency still continues downwards, the average now is so these short crops, and the financial troubles here and
low that there is hardly room for reductions like those abroad, trade and business became depressed and inacthat marked the course of

events at times hereto-

tive,

and a check was put upon new enterprises. This
months out of the twelve

iron industry for at least six

J

Deckmbkr

;

..
'
.,
.

'

THE CHKONICLE.

5, 1801.

was depressed as never before in its history, and in
addilion there were special disturbing circumstances,
like the Conncllsville coke strike, which lusted many
It is only by recalling all these adverse
weeks.

817

coke Btrike and the depreg«ion in the iron trade, for the
year has a gain of over tiireoquarters of a million dollars.
As regards net camini?8 some of the linos have
been spending largo amounts for new capital oatlays

and also the fact that in the twelve and charging the same to expenses, thus reducing the
months preceding the totals of the gross receipts totals of the net. The Lake Shore is very prominent
were the largest ever reached, that wo get a in that respect, which accounts for the fact that the net
influences,

proper idea of the very favorable character of an for that road in 1891 is only $6,760,618, whereas la
exhibit showing not only no falling off in earnings but 1887 it was $7,684,954.
On the whole, however, the
The result must be regarded as totals for the late year compare well with those for
actually an increase.
new proof of the growth and development which is all most previous years, as may be seen from the following.
the time in progress in the United States under the increase in population and the consequent increase in
It is proper
productive and consumptive requirements.
to state that there was a slight increase in the mileage

of

some of the roads

Now York

of the

case

in the late year,

and that

in the

Central the earnings of the

Kome Watertown & Ogdensburg

are included for part

of the time; but these facts are of only very minor
moment in the general aggregates and do not affect the

general results or the genei-al

we show the aggregates

following table

In the

conclusions.

of gross and

net not only for the last two years but for

all

the years

i88(Ma.

Karnhwt..

4»,«M,a78

M,EM,4atl

07,994,(111

KxpeaSM

31,.-<57.5t0

35,606.164

89. 117.618

40,160,394

Tear.

Xet.

Orosf.

Ttar.

*

Gross,

»

Net.

Net

110,43S.!92

tO,799,413

184,146.355

45,618,370^ 18S6-8R
36,934,659' 1886 87

142,093,929

1879-80.
1880-81

159.440,389

56,113,773

lo£>,!;40,al9

S.<1.4fU.4fiI

1897-88

164,952,935

53,399,110

139,102,30;
152,717,243

60,838,487 18S8-t«
18,189,288'

166,704,830

51,168.552

181,611,083

58,569.240

142,687,073 50.552,871 1S90-91
12?,«5l,e9ei 40,05i,»(5

lS8,8S6,8U

60,447,873

issi-sa
1882-83
1883-84
1881-88

This confirms our remark further above as to the
uninterrupted improvement in the gross receipts which
It will
has been in progress through all recent years.
be observed that, starting with $127,654,896 in 1884'85, the year of the trunk line settlement, the total has
risen in each and every year, till in 1890-91 it reached

The amount

$188,836,811.

of

addition

from year

KarnlWK..

Net
N.T.CJcSt

The

increase in net in the late year fol-

lowed in part from the restriction of expenses by some
traffic

the fear which prevailed that
oil heavily.
Even as it is, net earn-

owing

of tlie lines,

might

fall

to

T 623,323

(o)

(o)

1983,141

(o)

(o)

iUT4a»,»l6

(a)

(a)

11,970,966

(a)

(a)

18.9S53S»

<0)

(a)

(a)

(a)

(«)

L

Famlogs.

S,5«9,168

4.669.991

6,U69,<64

4,908.915

2,539,537

3355,939

4,074366

8.0*>,75l'

1,035,632 "^^113,652

tes.im

iEzpeaaea.

Net

IS.831,457
9,369,532
6,1:61,923

18,101,050

988,1S(

5,616,04<
4,466,912

e,o«e.«;»

1,14S,1!U

l,0O3,O7&

6.08«.«»

18368.480 I8,<72,484 20,^81313 *I,10738S
11331,573 12,0;v.319 14,230,965 1434«.««*

10.416,096
7,084,934:

7,02e,9'n

6,593,165

6,128,56)-

«,7eo.ei»

KJfcVKEarolnce.

tKxpenkee
Net.

18.310,495
12,279,407

20,495.802
13,371.485

20,249,188
13,208,8(5

21,447,991

22,613,834

13,180,672

14,621,38

IS337,9e.-»

6,031,088

6,701,399

7,124337

7,010,343

6,836,63..

7375,861

6,181,106

8.S6M117

•.377,967

6,a01,30e

7.238,9<I6

7,074,343

4,109,231

4,2in,001

4,632,001,

4,645360

4,884,539

4.900,988

S,196,l»>

1,745,963

1,740,7221

2,319,886

2,ISS3a»

19,882,071

1

N.Y.Pa.AO,
Earning*
Expenses

.

t

Net
Bait.

4 O.—

Eamtogs..
BxpenseB.

Net

18,422,488
12.035,713
6,386,6951

Tb(aIo/^UKamlDgs..
Expenses..

Net

ever reached.

ii,i<i«.::82

tlSjcpeoeee.

20353,491 81,303,0021 S4,4I8,M« 2l,SS0,atH
U,l20,13lj&l4,20O.5«rbl4,810,844{M6,g6a,876 517,078383

20,659,036

e,538,905i

6,153,930

6,492,158

7,115326

7,462,16»

142,093.929' 159,440,339 I64,»52,9aa 16e,70433«llSI3H,683il88>Se.8II
91,294,516 133,H26,6ie{ 111,553319' 112336,2841 125,0513181 i23388,03»
50.7tl«.413l 66.113.773

to year has varied of course according as the conditions

were favorable or unfavorable. The net earnings have
fluctuated more or less, but it is true of them as of the
gross earnings that the 1891 aggregate is the largest

19,iW8,43li

tl 1.885,984

tExpeiuM

«

»

187S-T9

•63M4I*
4438a3M

NT.W.SiB

L.S.A»tich.S
BurntDgl..

j

43.49».68»

188041.

N«t_
i:.H8a.l30 18,91 1,306 18,8e7,iac 19,328316 203803>t U361.64»
N.T.Otnt.Eanslmi- tttOJMIUMi 88.W7.0M 8a,13S,S«l 86,«e8.S3ll
40.Tnjt8ai
tKxpeiuM tl8.610.ST7l 29.888.6*3 21,««<.8» 83.710343 84366,471 8S,7903a»

Net
30.

US».(0.

I
oo.4m.'K» tiJttOJXM

back to 1878-79.
TRimK LIRE BABKrNQS TEAR ENDING SEPTEMBER

188IM0.

uer-sa.

18e6-S7.

i'fnfwylo.—

53.399,116: 5».16s.5a2' 56.569,g4o! 60.447,878

West Shore operations Included for nine months ol year.
iDclndlng taxes on property.
up to tbe time of the termination of tbe reoelvershln
II OperatiODS
(D< c. 5, 1885.)
(u) Now embraced with N. Y. Centra).
{!>) Taxes not included in these years, and only partly In the year»
t

;

preceding.

If) Does not include operations of New York Peansylranla & Ohio
but amounts due other leased lines operated on a perueutago basis are
deducted from earnings.

The above review of the outcome of operations on the
trunk lines in the late twelve months has a bearing

also on the probable results for the current year, for
improved in anywhere
present indications are that general conditions will be
near the same degree as the gross. While the total
much more favorable to the roads in 1891-93 than they
now is $60,447,878, as early as 1882-83 it was
were in 1890-91.
In that year gi:oss was only $152,$58,189,286.
whereas for 1890-91 it is $188,836,811.
717,243,

ings in recent years have not

In

other

words,

gross in the interval of
over 36 million dollars, net

while

THE RICHMOND £ DANVILLE REPORT.

In view of the uncertainties connected with the
has risen only about 2^ millions. The disparity reflects affairs of the Richmond Terminal, the annual report of
the enhancement in operating cost arising (1) from the Richmond & Danville Railroad, which is one of the
the decline in rates, (2) the increase in wages, (3) the principal properties controlled by the Terminal, posThe need for accurate and
faster time, better service and better accommodations sesses decided interest.
furnished, and (4) the heavier outlays for improve- full information was never more urgent than at the
eight years

has

risen

ments and renewals called for to meet these require- present moment, and hence it is especially pleasing to
note that the Danville report so completely meets the
ments and conditions.

Examining now the
the

showing

case.

is

much

figures

the

With the exception

of the separate roads,

same

of the

as

in

the

New York

other

Pennsyl-

&

requirements in this respect. The report is of folio
and is the most comprehensive in matter and de-

size,
tail

ever issued by the company.

data concerning

the

It gives very exten-

debt,

income,

Ohio, which has lost slightly, every one of the
roads records for 1891 larger gross earnings not only

sive

than for 1890 but larger than for any preceding year.
Even the Pennsylvania, which in several months sufiered very heavy losses by reason of the Connellsville

by the Danville, thus permitting security holders and
inrestors to form an accurate judgment of the con-

vania

charges,

Ac,

dition, value

finances,

of the roads operated directly or indirectly

and prospeota of the Danville properties

THE CHRONICLE

818

[Vou LUI,

and on the local passengers 2'75 cents, the grand averaid the reader in studying the report (copious
pages
age being 2'71 cents.
on
to-day
found
extracts from which will be
brief
Coming now to the net earnings and their relation to
furnish
to
endeavor
shall
we
to 845)

To

837

summaries of the information given on a few leading the fixed

charges, the results

are

quite satisfactory

and show improvement over a year ago, the
points.
The Georgia Pacific, however, forming a noteworthy excepFirst, as regards the mileage of tho system.
Richmond and Danville proper, embracing the line tion. Net income on the Danville proper at $2,937,between Richmond and West Point and Atlanta, com- 622 for 1891 compares with $3,489,361 in 1890 and the
as a rule

prises only 751 miles, but the auxiliary lines (including
the Georgia Pacific and certain steamer lines counted

at the equivalent of

300 miles of road) comprise 2,602

miles more, making

a total of 3,353 miles.

The

aver-

age mileage operated for the twelve months ending
June 30 last was 3,332 miles. The report states just

how each

of the various lines

controlled

is

—whether

auxiliary system (not including tho

Georgia Pacific)
shows net of *3,066,178 against $1,727,783; but the
Georgia Pacific fell $13,816 short even of earning its
operating expenses, while in 1890 it had net earnings
The Danville proper of course yields very
of $215,507profitable results, and for 1891 shows a surplus above
all

charges in the large

sum

of

The

$1,313,404.

owned or held through stock ownership or auxiliary lines also make a pretty good exhibit, for
leases, and in the case of the latter whether the leases while some of them failed to earn their charges the
are mere operating leases or provide for fixed rentals. deficit was in no case large, and taking all the lines
To the aggregate of mileage given should really be together there is a small surplus for the twelve monthi
always excepting the Georgia Pacific.
In exact
added, however, the extensive mileage comprehended

directly

—

in the Central of Georgia system, for the Central property has since the 1st of last .June been leased to the

is $111,707.
In 1890 there was a
below the charges of $186,739, being a difference

figures the surplus
deficit

Georgia Pacific, which is one of the Danville lines. in favor of the present year of $398,446. On the
The accounts of the Central are not included in those Georgia Pacific the deficit seemed large in 1890 at
of the Danville system, because the lease did not go $711,172, but for 1891 the deficit was more than double
into effect till so near the close of the fiscal year. thatamount, or $1,509,531. The income iiccoimt for the
Counting all the road directly or remotely controlled year may be briefly summirized as follows.

by the Georgia Central, and also the steamer lines to
New York, Boston and Philadelphia reckoned at the
equivalent of 300 miles of road, the mileage of the

Central foots up 3,981 miles.
3,353 miles above,
of road.
itself,

It is

Adding

we get a grand

total of

this

to

the

6,334 miles

evident therefore that the Danville by

entirely irrespective of

its

relations to the Ter-

minal combination, takes rank among the largest
systems in the country.
The income of this aggregate of mileage reaches large
proportions.
As already said, the accounts of the Central of Georgia are not included in the report. A statement is furnished, however, to show the earnings on an
average of 1,670 miles for the Central of Georgia proper
without the auxiliary roads. If the gross receipts from
these 1,670 miles be added to the gross receipts from the
3,333 miles in the Danville system, we get a total gross

1891.
Danville prapor
Auxiliary System, exeept Qa. Pao

Total

OeorRia Paciflo

Grand

total

;

ISflO.

Sur. $1,212,101
Sur.
111,707

Sur. $75l>,36-4
Dcf. 188,739

Sur. $1,324,111
Def. 1,509,531

Det 711,178

$185,120

Dcf. $147,047

Def.

Bur. *.5B4,125

This shows a deficit in the final result for both years,
but wholly because of the unfortunate exhibit for the
Georgia Pacific. With the operations of that road
excluded there is a surplus of $1,334,111 for 1891 and
of $564,125 for 1890.
In 1890 the amount was a little
in excess of the $500,000 required to pay the 10 per
cent dividends on Danville stock. The surplus for
1891 on the basis assumed would pay over 26 per cent
on said stock. As it is, however, we must allow for the
deficit oa the Georgia Pacific, and that is so large that
taking it into account the whole of the surplus in question is extinguished and a net deficit of $185,420
reached.
Furthermore the payment of $500,000 in
dividends raises the total deficiency for the twelve

income from about five thousand miles of road of
roughly 23| million dollars, which gives an idea of the
magnitude of the income of the system. Confining months to $685,420. The Central of Georgia, as
ourselves to the Danville lines, we get gross earnings of already said, was not operated by the Danville in tho
about 14i million dollars and net earnings of about five late year.
It shows a surplus above the requirements
million dollars.
Both gross and net have increased for interest and other obligatory charges of $596,872
very materially.

Thus while the

gross now is $14,213,- out of which however $344,037 was spent for betterwas only $13,196,181 and in 1889 ments
Under the Central lease the dividends on Cenbut $11,637,382, and the net at $4,990,984 com- tral stock will be
7 per cent, calling for $525,000 per
pares with $4,433,550 and $4,018,398 respectively annum.
in 1890 and 1889.
The traffic movements reflect still
The situation as regards the floating debt has great
more striking growth, and in the late year nearly seven interest. Seeing that money had to be advanced to
million tons (6, 951, 46 1_ tons) were transported over the
meet the Georgia Pacific deficit and that $1,688,630
system's lines, and the tonnage movement one mile
was expended during the year for improvements and
was nearly 600 millions (597,369,424 tons). It is also
betterments ($647,900 of this being charged to operatnoteworthy that the Danville lines realize very low
ing expenses), it was inevitable that the floating debt
average rates on the freight moved.
On tho Danville should be increased. The bonded debt outstanding
proper the average for the twelve months was
only 1-30 remains substantially the same as at the end of the precents per ton per mile, on the Danville
system exclu- vious year. Some new bonds were issued, but nearly
sive of tho Georgia Pacific it was 1-42
cents, and on the whole amount is still in the company's treasury. It
the Georgia Pacific it was no more than
92 hundredths follows, therefore, that the new cajiital outlays and tho
of a cent, tho average on the entire
Danville system advances to leased roads are represented by the auj,'being 1-313 cent.
On the passenger traffic the aver- mentation in the floating liabilities. The following is
ages are much better, the average
on the throucrh an exhibit of these liabilities, with the offsets against
traffic having been 2-63 cents
per passenger per mUe the
250,

in

1890

it

same.

.

.

Ukkmbkb
Richmond
BUl»pii}«blo

THE CHRONICLE

S, 1801.1

& Dantillb—

/untno

»3,30l,783

..

ArcotiiiU puyitblo

P»y roll.....
waKOA iinualloil

for
Mtecollaiu-ous liabilities
loteroKt aooruod, cto

June 30 IROO.
•l,2-ii>.U88

870 '10

70.'.9B7

48l.'l80

467,3^4

97,040

4'j,<)i.0

674,.^0i
i,iOS,'27i

Total
£»»•»

1891.

$6,920,904
*034,290
2,697.031

•

Balaoccs uuo. etc

591. 13H
1

,aHO.i'J-J

$1,364,007
*«79.73i)

1.0^7,931

619

aggregate—331,168 bales— recorded
to that time.

Tho grosn

in tho

ia

anj month op

month

of the current
year, however, congidcrably exceeds that
total, having

been 394,706 bales ; and when compariwo ia
made with
1889 the increase is aoeu to bo 106,277 bales.
For tho
three months tho aggrogato is nearly
thrco-qaarters of
a million

biiles, and exhibits a gain over tho
like period
a year ago of 178,703 bales, while contrasted
with 1889
^ctdebt
$1,6^7,317
the excess is 261,243 bales.
Although most all of the
Advanoos to leased line*
$.'5,657,713
f4.109.09S
geourltlcs
6,301.088
9.0.III.U7I
various routes have shared in the much heavier
Katerli Li
move5JJ,468
610,648
ment
this year, the greatest increase in point of
ratio has
Tbia shows a gross floating debt on June 30 1891
been in the shipments over the Missouri Kanans St
of 16,926,904 and a net floating debt of i3,295,073,
Texas
The gains via St. Louis, Cairo
not deducting advances to leased roads or securities Railroad via Hannibal.
and Evansville are novertholes.-i very important. The
held or materials on hand.
net
Twelve months previously
for the month also surpasses tho movement
during any
the net debt was «1,687,317, so that there has been
an
similar period of which there is any record,
increase of about il,600,000, which is represented by
reaching
310,971
bales, which is 57,270 bales greater than
an increase to nearly the same amount in the advances
for
November last year and 97,463 bales in excess of the
to leased roads.
As for the auxili.iry roads, separate
like month of 1889.
Tho aggregate for tho season to
balance sheets are furnished for the Virginia Midland,
date is 558,859 bales, against 411,131 bales in
the Western North Carolina, the Charlotte Columbia
1890
&
Augusta and the Columbia & Greenville, and none of and 338,858 bales two years ago. Prior to tho present
year the heaviest total was for the three months
these have any floating debts except what they
of
owe 1887
i52,425 bales.
Tho whole movement overland
either the Danville or the Terminal, and the same is
for three years is appended:
true also of the Georgia Pacific.
The Central of GeorOVEBLANO raOH aePTEKBER I TO DEOBHBBB 1.
gia of course has a separate floating debt, but the
report of that company has not yet been issued.
1391.
1S90.
1899.
It is evident from the above analysis that there
is one imoHnl tMppetl—
weak member in the Danville combination one road
VlaSt. Louis
24)»,334
179,675
167,798
VlaCnIro
190.801
10-<,6
which is proving an incubus on the whole system— namely,
113.633
Via Hannibal
„
86.304
28,942
24,870
the Georgia Pacific. There were some exceptional circumVtaEvaimviUe
.,„

Total

*3,63l.92l
$3,295,073

$2,rt77,290

—

—

.;

stances to swell the deficit in the late year on that line.
Thus an item of $202,141 appears in the accounts for

Via LaalsvUle
Via ClaulDnatt
Via other routes

repairs that should have been distributed through previous yeaj-s.
This of course will not be repeated the
present year.
Then 1426,993 was spent for improve-

Shipped to

ments and betterments. The amount we may suppose
will be
reduced the current year, as President
Inman states that the Georgia Pacific has now reached
« high state of eflSciency and can be operated much
more economically than heretofore. Moreover, results
have already somewhat improved, net earnings for the
four months from July 1 to October 31 in 1891 being
1162,739, against $110,882 in the corresponding period
in 1890.
But even under the most favorable circum3tances another considerable deficit, it would seem,
can hardly be avoided the current year on the present

mills,

not Included above.

Total gross overland

DuluetOverland to New York, Boston, 4o....
Between Interior towns
Qatveeton, Inland and local mills
New Orleans, Inland and local mills...
Mobile, Inlaail and local mills
SaTanuali, inland and local mills
Charleston, Inland and local mills
N. Carol'a ports. Inland and local mills.
VlTKliila ports. Inland and local mills..

12.928
79,219
J 5,720
79.893
3,74^

4,209
72,169

82,S30
3,116

6,073
37,722
96,139
46,917
2,749

717,034

938,329

499,793

84,110
29,391

60,501
Se.tiOl

66,636
24,029

319

6(

11,470
22,4S6

9.261
13,827

944

494

90

4314

3,3.50

7.417

5ji,99-

7,644
10,973

287

293

307

4.794

8,448

10,138

Total to be deducted

198,175

127,198

136,934

L-4av1ne total net overland*

958,859

411,131

338,898

This total Incudes shipments to Oaaada by rill, which
September 1 In 1891 amounted to 18,108 bales, in 1890 were 19 sinee
011.
bales and In ld39 wore 16.057 bales.

RECEIPTS, EXPORTS AND 3PINKBR3' TAKIXOS.
road having in the late
Receipts at the ports during November have been
year, as we have seen, failed to earn even ordinary
operating expenses.
Is it not the part of wisdom, very free, and while they are less than in the preceding
therefore, to recognize the fact, and provide if possi- month, the total largely exceeds the aggregate for the
same month in either of the tsvo preceding year^. The
ble for a readjustment of the road's charges.
net receipts have been 1,376,909 bales, against 1,145,416 bales and 1,257,520 bales respectively.
For the
basis of interest charges, the

COTTON CONSUMPTION- AND OVERLAND
MOVEMENT TO DECEMBER 1.

three months tho increase over 1890
and compared with 1839 the excess

is

343,275 bale?,

441,570 bales.
Orleans has already passed the million mark, the
The statements of overland movement, receipts, &o.,
receipts at that port to date having bean 1,090,785
presented below embrace the three months from Sepbales, and at Galveston there is an appreciable gain
tember 1 to November 30 the first quarter of the
over a year ago.
Tho outward movomont foreign excotton season.
The total amount of the crop of 1891ports has been very heavy, reaching 1,086,143 bale?,
92 now in sight reaches 4,781,017 bales, the amount
or some thirty-five thousand bales greater than the
added during November having been 1,927,880 bales.
combined total for the two preceding months. Tho deTho movement of cotton to Northern mills has been
crease from last year in the season's shipments has convery free the past month, and spinners' takings for the
sequently been considerably reduced in fact now
three months exhibit a gain over 1890 of 144,186 bales.
reaches only 7,198 bales.
In November 1890 the
OVERLAND MOVEMEUT TO DECEMBER 1.
exports were 895,240 bales, and in the previous year
Our readers will remember that the (jro8» movement 982,306 bales. Below wo give our nsual table,
covering
overland in November of 1890 reached the heaviest receipts, exports and stocks.
is

Now

—

—

—

—

—

.

:

.
.

THE CHRONICLK

820
Receipts
Movement from
since

Sept. 1, 1891, to
Die. 1, 1891.

Sept.

1,

Jieeeipti

Scpl.

Great

France,
31,247

584,705

14,799

5,114

1.090,785

855.9ni

301,827

Mobile

14S,8T1

146,091

13,359

Florida

13,195
820,838

613,181

111.383

90,367

43,810

Bl Paso. &c ..
New Orleans.

.

BaTannah

87,213
806,488

WllmlnKton
WashlnKt'n,&c

105 .568

LOTS

1,336

Norfolk
West Point

S!09.83i

208,017
16H,911

182.081
la.SiB

Nowp'tSew8,4c.
Hew Tork
BostoB

257.419
301

126,373

S9-',9«0

14,600

14.600

161,681

614,327
13,-59

103,413
39.879

18,526
5,55'J

95,331

43,810

139,731
12,102

177,440

97,855

68,709

19,536

15,630

82,888

63,276

9.233

51,927

7,224

6,117

1,740

257,121

232,-i98

122,339
76,656

so.acg
8,40

63,868
45,6 4
5,595

177,669

12,833

71,990

38,796

19.492

9U

10,902

1 1,898

64,473
37,022
e,7il

262,192
65,391

2,800

87,713

77,635

12,55<i

7,284

14,121

1,331,917

223,197

15,935

25,390
3,586,158

Total 1889..

1,623,948
1,633,028

430,209
1,502.289
1,512,609

50)

Total 3 months.

4,781,017

4,200,014

3,912,446

3,415,107

WEIGHT OF BALES.

To

furnish a more exact measure of the receipts up to

Dec. 1 we give below our usual table of weight of bales.
Same
Three months endiny Dee. 1, 1891,

Bamt

peri'd in peri'd in

1890.

Pounds.

Weight.

Weight.

524-76
496-86

531-54
501-40

50600

721,276
307,258
444,293
106,641
818,909

360.260,334
511.967,435
73,507,126
355,069,749
152,529,016
220,547,045
53,562,575
413,489,258

51700
50531

4,321,017

2,170,932,538

Bales.

1889.

Average Average Average

Weight in

yttmber of

Weight.

583,969 2,139,053 1,241,249

3,242,883 1,231,031

6?6,558 2045,281

717,013

3.144,585 1,278.831

2,136,538

745.711

686,521
1,090.78S
145,271

Lonlsiana

Alabama
OJeorgla*

by the foregoing statements,
portion of the crop which has
reached a market through the outports and overland,

Using the

we

2,026,205
1,927,860

6.^5,770

21,000

Great BritalQ exports looldde to the Cttanoel.

'

.

1888.

18S9.

860,274
1.723,759
1,615,981

826.932

September.
October

November

1890.

1891.

Months.

148,803

KISS

Total 1890..

previous years, we have prepared the following, which
shows the movement for the last four seasons:

1891.

35.370

11,632

8,932

Baltimore.
FhUadeIplila,&o.

Total 1891..

148,219

Dec. 1.

Total.

23.014

Brunswick, &c.
Charleston
PortHoyal,*o.

770

Continent.

Britain"

671,725

Galveston

TO—

1, 1891.

Stoclcs

1,

1S90.

18-Jl.

EXPORTS SINCK SEPT.

since

[VOL, UII.

facts disclosed

shall find that the

and the Southern consumption since September
this year and the two previous years, is as follows

Sonth Carolina.
Virginia
North Carolina.
Tetmessee, &o..

1

Total

1889.

1

502-41

507-30

499-57

492-28
496-42

49640

Tnclndlng Florida.

*

movement up

It will be noticed that the
1890.

1891,

502-27
504-89

501-50
490-87
499-36
509-10

632-10
496-89
501-00
490-06
486-79
488-22
492-80
499-00

to

December

shows a decrease in the average weight as compared
with the same period of last year, the average this
year being 502-41 lbs. per bale, against 507"30 lbs.
1

bales. 3.586,158 3,242,833 3,144,589
Receipts at the ports to Dec. 1
Het sMpments oyerlaud during same time 558,859 411,131 3-28,858

Bouthern oonsumption smee September

1

4,145,017 3,654,014 3,473.446
176,000 160,000 153,000

DRY GOODS TKADE IN NOVEMBER.
During the greater part of the month business was

...bales. 4,321,017 3.814,014 3,626,416

Total to Deo. 1

The amount of cotton marketed since September 1 in
1891 is thus seen to be 507,003 bales more than in
1890 and 694,571 b^iles greater than in 1889. To
det«rmine the portion which has gone into the hands of
Northern spinners during the same period we have prepared the following:
bales.
Total receipts to December 1, 1891, asabjve
Stock on hand oommenoement of year (Sept. 1, 189 1) —
At Northern ports
142.160

4,321,017

quiet in

all

descriptions of cotton goods.

adhered

strictly

to

Buyers

the hand-to-mouth policy in most

instances, the only variations being

some transactions

in domestics for immediate shipment early in the
month on spring dating and the usual business in

spring

specialties

close,

however, the

in

wash goods,

demand

etc.

for domestics

Towards the
and printed

widened considerably, and the aggregate for the
if any below the
firm.
Production
Total supply to December 1, 1891
4,5)2,469
Of this supply there has been exported
of cotton goods throughout New England has been
to foreign porta since September 1.2,138,033
curtailed by insufficient water power, and as a rule
liOM foreign cotton included
4,133 -2,133,9)0
Bent to Canada direct from West
18,103
stocks to-day are iti good shape and smaller than they
Burnt Northaud South
201
were a month ago. The print cloth market also closes
Btock on liand end of month (Dec, 1, 1891)—
AtNorthem porta
307,800
firmer with an upward tendency, and at the moment it
At Sonthem porta
933,449-1,244,249
At Northern interior markets
11,775-3,405.256 would appear that the position of maimfactared goods
Total takings by spinners since September 1, 1891.
i^47,i8T was in a great measure independent of the course of
Taken by Southern spinners
176.000
Collections have been
the market for raw material.
Taken by Northern spinners since Sept. 1, 1S91
bales
At Southern ports
At Northern Interior markets

86,524- 229 651
2,7dS- 231,452

97T,18^J
826,9!)7

Taken by Northern spinners saaia timsin 1590
Increase in takings by Northern spinners this year

The above

bales.

indicates that Xorthern spinners

fabrics

month has probably fallen little
average. The tone at the close is

fairly regular in all sections.

144,lSd

December

o

1 taken 971,183 bales, an increase over
corresponding period of 1890 of 144,183 bales
and an increase over the same time of 1889 of 348,392

to

th6

64*64 ard. hams

?.

4
5.,

In the foregoing we have the number of bales which
has already been marketed this year and the two previ6us seasons.

An

additional fact of interest

total of tha

crop which was in sight on Dec.
pared with previous years.
1891.

Total marketed, as above. ...bales
Interior stocks in excess of Sept. 1

Total In Bight.

bales.

4,321,017

460,000
4,781,017

1890.

3,814,014
386,000
4,200,014

is

1,

the

com-

1889
3,626,446
286,000
3,912,416

This indicates that the movement up to December 1
of the present year is 581,003 bales more than in 1890
and 868,571 bales greater than in 1889.
the reader to see what has come
into sight each month of the seasoa during this
and
it

will interest

,

2-94

77s

..n...

3

SIGHT.

6.
7,.

2-94
2-94
713" 2-88
713lf 2-88
77rt

V13,e

R

9
10,
11..
T?n.
13..

14
15
16
17.
18..

19.
20..
21.,
23..
24..
25..

"6
27..
28,.

713,6
713
713 "„
711
711
fl

.

711,1,

2-88
2-88
2-88
2-88
2-88
2-88

7H
7H
IH
714
7>4

7
•7

7
7
7
7

2-88
2-88
2-88
7l>u 2-88
7il|. 2-88
7>iie 2-88
788
7=8
7=8

7
7

7
7

7
7
...8...

71 'lb
711 i

2-38
2-88
7"i" 2-38

714
714
7 '4

7 '4
714
714

S...

..

7
7

7

714
714
714
714
714

7H
7H
7'4
T*

5%
6%
5%
5^
5^
5\
5%
5:'4
5%
5%
5%
b\
f>-\
b^
5%
58i
5%
5%
5S|
5;<4

..H...

7=8

2*88
2-88

708

2-94

?9
30..

7
7
7
7

7

7

714
7J4

...S...

7

low
ing
ings, caster 3-yd.mill- cloths. slanil- Ging- sheet
I

7H

3-31
1

hams

"7H~ IH

vngs.

6ie

...S...

95,8

3-31

914
93l6
93,6
93,8

3-31
3-31
3-31
3-31

She

3-31
3-31
3-3 V
3-31
3-31

7M

714

..H...

7M

714

714
7>4
714

7 '4

7I4

6>8

6^
ei8
6%
6%

7H

6I3

7J4
7>4
714
714
7J4
7^4

6%

7=4
714
714
7>4
714

6I9
618
6l8
61s
6

7 '4

6%
6^

...S...

93,8

9 '18
U'ln
»>1B
91,6

7'4
7>4

7H
714
714

331

6l8
6i«

6%
e's
6I3

...8,..

9't8
91,8
815i,

3-31
3-31
3-31

8l5l6

331

8''f<

3-31
3-31

87e

7'4
714
7 '4
714
7J4

:!.t.

1.-,

8^8
8 '8

3-31
3-31

7H

7^4

7>4

8 ''8

7 '4

331

7 14

74

6%

8^8
878

3-25
3-25

7»4
714

eif
61s

5%

5%
5^

64x64 ard.

dling.

97,0

...8...

ff

1

ings.

...S...

1

AMOUNT OF CROP NOW IN

As

1890.

OoU'n Print- Sheet- Lan- S'th-n

dling.

bales.

^

1891.

OoU'n PHnt- Sheet- Lan- S7A'n
ings, casl-rr 3-yd.
low
ing
mid- cloths, stand- ging- sheet-

had up

6i8

..H...

7M
..'s"*..

J

..

Deoembeb

THE CHRONICLE.

S, 1891.

REVIEW

.

..
.

NOVEMBERGOVERNMENT BONDS AND

OF PRICES

STOCKS,

IiY

FOREIGN EXCHANGE.
The

The

posted rate* forOOdaya an I deuand terUng
g,lven below, it being uaderatood
that bankers' actual rates are usually a fraction belo«r ttiii
prioes posted:
d«iljr

exchange in NoTember are

following table showij tho higho.it niid lowest
and miscellaneous stocks at the N. Y.

isst.

prices of railway

Stock E-Kchangc during tho month of Norembor, 1891
BAILROAD AND HI8CBl.t.ANEOD8 STOCKS.
Low. moll.
Railroads.

Raimioaus.

Albany Sufniufh'nn..

147

AKililMo)) To)!. .tS.Fe.

40

Athintlc

>v I':u-lllo

A

Uutr. Kui'h.

Pict6b.

prot
Biul. (\ Kai>. * Nor..
J)i>

Ciinniliiin I'ftoiilo

<\'nirulo]' N..Iei'8ey..
Oiitriil riiclUo
ChP.i.&O..Vot.Tr.C('rt.
Do
(In
laijiref.

Po

do

S<1 jirut.

AUoM

<_'UU'»iro it

due.

Do
OUki. Mil.

111

prof..

&8t

prof..

& Northwest...
pret..
A Roclr Isfauil..

Do
Chlo.

Chlo.St.P.Miuu.&O.

Do

100

3m
2213

381s

IS?"!!

140

Do

99>s

Den.

Westoi-n
Klo Graiulo...
pref

&

Do

D68 Moines & Ft.D..
e.Teiiu.Va.

*

I>o

EIli. Lex. &
BvajiBV. & Torre U..
FUat & Pero Mar pref
Oreat Noith'u, pref..
OreenBay W.iHt. P.

iT. C

Hi'us

llUni la Central

do

leasd. lines

(owa Central
IKj

prof..

Kanawab &, Mieh
Keuk. & Des. M
Do
pref.
Xingg.

& Pom
& West'u..

Lake Erie
I>o

pref..

lAke Shore
liong laland
liOutsvlUe A Nash v..

Loulsv.N.Alh.&Ch..

Tex

liou. St. L. &,

Manhattan cousol
Mexican Central.

Do

pref.

Do

& St. L

.

prof..

Mo. Kan.

tils

5%

42

7
441s

III4

14's

& Texas...

Do
pref
Missouri Paclflo

Morris it Essex
Na8h.Chatt. &8t. L..
». Y. Cent. & Hud. R.
<(.Y.C;blc.& St. Louis

94

3111

I3I4

10
17

tl.y. Lack. <fe West...
N. Y. Lake Krio i W.

Da

K. Y.

<b

pref.

New En«tlaiid

». Y. &Nor.

prnf....

Y. N. II. & Hart.
H. Y. Ont. &Wcat....
K.Y. Suaq. <t West...

ar.

Do
Vorf oik

Do

pref.

& Western

. .

prof..

Northern PacUlo

Do

pret..

pref..

Do

pref.

Wisconsin Cent. Co..

Adams
Weils.

Fargo

A Co

Coal and Mimno.
Cameron Coal

A Iron

Colorado Coal

9=8

C. A I..
Minin;; ..

AHock.

Col.

28% Uomestake

Maryland Cual
Minue^otA Iron
Cent. Coal
llij Ontario Silver MIn..
>«
Quicksilver
Mlnins..
20
lOig

3%

13% Kew

Do
Oti%
120% 125% Robinson MaK
.^9=8

91
75 14
iO

He's

79

Tenn. Coal

pre!..

A Iron

Do

pret.

2378

Various.

17»4

Am. Cotton

Oil

Do

19

22

IO4I4

107%

71
110

iim

73

6>s
13>s

91s
20's

15

17
261s
61 14

Co
pref..

•Am. Sugar Relln.Co.
T>ret..
•Do
Amer. TeL A Cable. ..
Amer. Tol). Co., pref.
Brnni-wlck Co
Clilcago Gas Comp'yChic. .luncUon Ry...
Cit'ns' Oas of B'klyn

Commercial

42

Ciible ...

143

145
871s 89

Consolidated Gas Co.
Di.-<. A Cat. Feed. Co.

10919 1151s
18
21

Edison Gen. Electric.
Laclede Gas, St. L...
Ndilonal Cordage

8II1
Do
1st pref.
79
38''8
Do
2d pret.
45 "4
Y A Harlem
254 260

K.

Do

Wheel. A L. Erie

United Status

10=8 11%
3I9
3
go's 10213

2314
5713
411s

Mobiles Ohio

Union Pac. U. A<i...

Wabash

American

78
109>s 112

91

A Ohio Cent..

EXPRKSS.

119''e

8^8
261s
loig

.

Do
pref..
*Tiil.Peoria A West'n
Union Paciilu

17

17

l;9
78

14

L.S.iW

Mllw.

l?^)
4714

9914 103»g
...

Mlohit^an Central

UlnneapoliB

15

...

pref

Paul Minn. A Man.
South Carolina
Southern Pacific Co ..
St.

Toledo

311a
2

1201a 129%
135% I4UI3

42
6

pref..

Dululh

71% Texas A Pacitic
Tol. Ann A. A No. M.

98
148

li«

Oa. Ry.

Ist pref.
2d prof.
B. a

Do

85 1«

A

106

107

263a 30=8
t!4% 70%
3578 3914
17
17
224I9 2291s
1718 201s
8i8

34
I714

49%
24
68

O'fi

377g
17I9
51^8
2;is
7378

Do

prof..

•National Lead Trust
National Linseed OIL
.National Star.h Mfg.
North American Co.
Oregon Improvem't..
Pacitic Mall

72I4

73%

17
211a

21
32

34

1618

18%

20

24
104

66»8

61ifl

32 >a 321s
172
178
13
14

Co

Pullman Palace Car.

Do

rights.
Silver Bullion certs..

94I4

95^8

765
80>9 83

765
Tel..

' Unlisted.

The range of Government bonds sold at the Stock Exchange
November was as follows:

in

QOVEtUlMENT BOKOS.
4is«.

1891

4«,

Opening....
Highest....

Lowest
Closing

1907,

117
117

116ia

'9919
-101
'991a
-loo's

is, 1907,

coup.

rea.

reg.,txl.'iii'ip.e.

117

6».

«.

'98,

6»

e.

•!>.

rta

ng.

'120

•1171a
•1171a

'I'^O

x*116ia
x'lieis

x'114
II6I4
1*114
1161a
are from actual
prices
lowest

11698

117

The following highest and
sales ,it the New York Stock Exoliange:
SAKUE OF STATE BONDS IN NOTEMBEH
High.
IOC's l<il%
107
10

LoiB

Alabama Class A
Do
Do B
Currency

fiindR. 4B..

Ix>ulsianacon9 48
N. Carolina consul. 48.
So. Oar.

son fond.

6s..

97
H6
97
2ii

97

H

mand.

13...
14...
15...
4'84ia'5 10...
48|ia^3 17...
4 84k-3 18...
4 84>«-5 19...
8.
iO...

4"84>;-5

H.
4Hl.>a
5... 4 8l-is
6.... 4 Hi 'a
7.... 4 81-is

S:;:: 80ia-t>s i'si-'s"'
10.... 80)a-m 4 84-3
11.... 80>alia 4 84>s
13 ... 4 81->a 4 84>a

eo
dan:

Kov.

s

4H1-V

4

Dt-

So:

mand.

81>s 4S4is

23....

t84>s

26...

48l>a

eo

Dt-

dayt.

mand.

*.«."•»

27.... 4 811a

8.

4'«V'"

VBl'ii" 2^.... 481>a 4 84>s-5
I8t-ia 4 811a
29...
8
4 8l>«-2 4 8419-5 30.». 4S1>9
r»4ii-'5
48l>a-2 4 85
IH1>9 2 t 84>9 3
4 31««-2 4 84'9->j Open. 4 8l->a 4 8t<aS
22...
8
aiiTu.. 4'<«
4 83
13... 4811a
4"84'i"l f>oir.. 4«0>a 4 84
18119-3' Lost.* iSlia
21... 181>«
4 81<t-^
lfll->a

BANKS IN CHICAGO AND

ILLINOIS.

ing comparison of three years.

Illinois

£0111.

Tenn. newsettlcm'tSs. 99
38

Ssfmall

8fiia

Virginia 6s do 'erred...

6adel.tr.rec.simpd.

69'9

86
8 "a
7

1891.
Safl, Sept. 25.
State, Hot. Xi.

Number of banks

Surplus and undlv. proUta... 27,223,740
181,120,0^6
Deposits
200.387,680
Loans and discounts

Cash on hand

47,O'J3,^i80

and discounta from $124,509,143

OeLS.
212

210

^41,434,310
22,531,034

$36,032,.30O
17,738,05*

1.54,401,298

110,481,892

171,030,538
36,577,578

124..509,143

33,588,175

to $300,387,686.

A like statement for Chicago alone we are unable to prepare,
but the results of the
following comparison :

last

three examinations

1891.
Xov. 14.

Ifart,

Slalt.StpLU.
44

»3.r'«7,000
Burplusandundlv.proflU. 17.832.662
Capital

loiVj
70is

Deposits

116.674,081

I,oans and dlROOnnts

l.'!«,435.925

8>t
bi«

State,

1889.
XoTl, Feb 2«
Slate, tkb. 15^

This statement shows that the combined capital of national
banks in the whole State was in 1891 $53,023,500, against
$41,434,310 in October 1890 and $36,032,500 in February 1889,
and that during the two-and-a-half years which have elapsed
deposifa had risen from $110,481,893 to $181,120,086 and loans

Bifih

68

1890.
NaCI, OcU 2.

289
*33.023,.500

Capital

CmcAGO.
Number of banks

9814

2%

itoyt.

3i)l4

341s

104

•Pipe Lino Trust

Union Trust Co
Western Union

58 >4
43

15

P. Lorillard Co. pref.

•Postal Tel.

1....
2....
8....
4....

Dt-

Tlirough the courtesy of Mr. C. M. favey, Auditor of the
1121s
7i«
714
State
of Illinois, we have received this week statements show30
30
7
81s ing tho condition of the State banks, savings banks and trust
1458 16%
companies in Chicago and the State of Illinois at the com351s 43
98
100
113% moQcement of business on Saturday, No\ ember 14, 1891.
iim
6I9
7^
An examination of the statement covering the Chicago
3d>s 40
11»8 l3^ State bonks which is given further on in this article brings
l«l4 IS"*
to light the fact that although there has been no addition to
45
45
80
80
the number of banks since the date of the last report (August
I6I4 lek
38<>g
4218 20 1891) the aggregate capital of existing institutions has been
17
1b78 augumented to the extent of $350,009.
Surplus and tmll's 14
2514 2<t78 divided profits have also increased materially, and tliere has
341s 38 >4
74 14 77% been an appreciable gain in deposits.
16% 18%
The returns for the State outside of Chicago cover 64 banks,
an increase since August 20 of 5, and the figures for the in142% 150
dividual banks give evidence of the expansion constantly in
117
118
40
progress. Prior to 1889 uo returns of condition of the banks
55
139
142
of Illinois were made to the State authorities, but at the election in the fall of 1888 "an act concerning corporations with
31
361s
banking power" was ratified by the vote of the people, and
15
15
11
12
the institutions then came under the supervision of the Audi221a 23
75
HO
tor of Public Accounts.
The first examination under the act
lOis 12
was made Feb. 15 1889, the number of banks in the whole
39
40
4% State at that time being 2S, with an aggregate capital of
41a
20
221a
$0,831,000. Subsequent growth was rapid, and on October 8
41
47
3318 39^8
1890 fifty banks, with capital of $10,312,500, made returns.
89
89
How phenomenal has been the increase since that time be26
30»e comes plain when we state that on November 14 1891, or a
49^8
little less than fourteen months later, the number of banks had
81% 9038
97
increased to 87 and their capital reached $16,047,500. During
92
70
80 >s almost the same period, February 1889 to November 1891,
a
98
98
10
10
number of new national banks have been instituted, but tho
6',: Is
5tii9
growth has not been so rapid as in the State banks. It must
72
72
80
82
be remembered, however, that the State institutiona include
133 142
98>4 10038 trust companies and savings banks as well as ordinary com6018
fil9«
931s 97% mercial banks.
17^8 l!--i»
Combining a few of the items returned for both national
91>4 9138
and State banks in Chicago and Illinois, we have the follow100
97

AUd

Paul

37%

iim

St. Jos.
Isld....
St. L. Alt.
H....
St. Louis Southw
St.

y<,t.

60

14>4

43

pref.

Do
pref.
Rome Water A Oml..
Do

153
36

31
10»8

Rio (Jrande Western.

Do

37%

lightp.

A Hud.soii.

117%

70 'a
30 '8

28

DeL Lack. &

7678
119i»l

671a

A Chic.

AT.

90

117
113

CoLHoek.Val.&Tol.
Delaware

70

3%

94
14B

Cleveland

102>e

B3
93

91

*

139

<)«

xe2
152

pref.

W.

11'4
39'a
281s
OUis

23

Pltt8.AW.pf.tr. reo..
Terminal.

34

pref..
L.

Do

32

D.I
Pittob. Ft.

20%

0%
34^8

L

P.O. C. ASt.

52ifl

pref..
Plttn ...

& St.

Chic.

<;i. f.'iH.

01=6
115>4

.

25% Richmond
Do
58

Piiul.

1)0

Ohio.

40
89 <

189

Biirl.AOiilncy..

Chic. &Ea.st

4078
re's

40
85
S?"*

Hoiitborn

<'.iiiiii(lu

7ft

SB's

A Mississippi.
Oreifon Ky.A Nav.Co.
OrcK. 8b. L. & U. N..
Peo. Ducat. & E'vllle.
Peoria A Enstero
Phlla. A Koa>l. certs.
Ohio

147
44

L-m. High
10% 22 >s
70
78
23
25

821

Caabonhaud

30,339,685

1801.
Jvly 9.

Kat'l,

make the
1891.
tTaCl, Matt 4.

Aug. 90. 8tal»,jHn4l.
„..,_*'.„„
-™.lj,/ww«
$37,977,000

State.

$32,077,000
l''.wr7,3l«

116.874,445
136,601,613
35,802.243

l»'*5S'2iI

l«];.«i5*»

l»0,7tM44
<l.5<i8.<18

The detailed retams of the State books ia the city of Cti<

.

.

.

THE CHRONICLE.

822

for the nacago are as follows. We have added the results
in the city
tional banks so as to cover all banking iastitutions

[Vol, Lin.

OTHER THAN
CH [CAUO.

StaU

Nat. Hanks.

Number

Toua

nanltt.
14.

Nov.

Sept. 25.

Hanks.

181

245

Efsnurces—

Loans and dlsconnts. Incl. overarafts

$51,336,749
10,509,421

C-'COQO

own

»..'106,750

1,929,018

2,li87,.S78

BaukfuK house, furniture and fixtures
Otherreal estate

I,ft0-1,538

276,003
118,900

163,951,762
11,373.265
9,306,750
4,616.124
1,939,611
192.934

n^.

CO

:

976.076

7.765,860

-«}«

2^

.

iHiO

«9,U7

f

l,l-.3,08tj

228,270
494,981
08S,987

Preuiiums on ir. S. bonds
Other resources

OS

8j:i,844

»7*,0S*
8,547,1701
2.046,904 V

Specie
Leji-il ten 'ler notes and cert'fs of deposit..
Rxchanu'es for clearing House
Blllsof other banks
('urrent expenses and taxes paid

-rjoDOi

oco

S

112,615,013

Due from reserve acents
Due from ImnkB and bankers

Stocks, bonds, ,\c

•S~iB(MOOl-CCO:cr)tOODrHCDODI^<StOt;!?"SlS'5'^

95.603

»83,3^6e8

Totai

821,942
491.981
785,816

98.839

»17,e72,708 $101,ol8,766

LiaMUtiai—
;r-IOTCDC501

CO

?0 fO

tC t- CO lO t^ tO

o o

:

CO rH

•

«—*t^CO^oi-PiftCO«5c6oi«?^OS

•

^1

^

1.0

i-l

Capital stock paid In

r-

Surplus and undivided profits
Circulation outstanding

.-I

in

Individual deposits

Bills

m

i-H^c^
:o £0 ffi •^^^'^'^ '^'^ -t*'^.
C0Ol*O0JC0C0h-''c^'<dt^'^'J?

—

CO <N OJ r-

T-<

r-(

CO

Total

O ro CO lO ?J CI CD

« CO CO

978792

6.8,>7,448

2,314.636
130,500
25,560

832,111
15,000
02.087

payable

$19,998,500

1,17.J.98J

$83,376,002

n.:)91,074

4.40>.837
23,621
66,577,709
7.878,240
8.64n,777
145,500
87,847

$17,872,703 $101,048,765

The amount

($079,075) understate banks bracketed oppnnitf specie,
legal tender Ac. ,v c, 1 < given in reports of State ban ks as " cash on hand."
"Other deoosits " under State banks Includes $1,347,603 savings deposit*.
$r,460,-i44 demand cjrtiflcates of deposit, $l,^J3.iJ55 timta cert'floates of deposit.
$128,243 certified checks and $3,003 cashiers' checks outstanding.
ft'or.-.—

OS -^

60,00),4.5!»

3,281
5,668,310

Other deposits
Due to banks and bankers...
Notes and bills re-dlsoountod

atooi^con-^-^-^OOoscot^t>
'C5
iH

t3,820,5OO

20,337

Dividends unpaid

;oCTr-t>OiOS'Hcoaot>-rQ

IN

tl6..378,000
8,'.'l 7,091
4,40i.fl37

Woo
CDrH
CD If?

tDtodiOL-^OOS

cCr^"C0CD

01 00
OS

(N05-H

CO l> »n lO
CO
Ni-

•MOO

co-*o

^ ^

DEBT STATEMENT NOVEMBER SO,

iH

The following

iooo>oa«iO'f-^"fM>'-'wi'itOoom»r:xiioi>coQD
loocjo— :ccob-ir>os(-o^.^cDtc>coa'f^os-o;'N

-i^-

- ^ O '^^

_,5^

CONCO

WH
m

rH

l>

1891.

the official statemeat of the United

States public debt and of the cash in the Treasury at

^ t^ ^ CO 03 >H OS

November

the close of business

ihar

i-(

is

30, 1891.

IlfTERVST-BBARINO OBBT.

3

JOOOCOOOCOOOOo©^®©OOOOo
OOOOOOOCJOOOOoOOOOO^OOo
ooqooc5oooooooooo^-.o-.^o

.

TUlt 0/ Loan.

Int'r't

Amount

P.i*'I«

Issutd.

Amormt

«o!2

I'

4J<s.F'n'd Loan. 1891
Comlnned at 2 p.c.
4b. F'ded Loan. .19)7
4s,

Ret'dV

Q.-M.

Certlfic's.

rt

= n o
CS

$350,000,090
740.835,000
40,012.730

$25,364,500 $
483.898,300 75.878,35)

1,0S0.847.'.B0

809,082,800: 76,875.330

Q.-J
Q.-J.

Aggregate excl'd'*
Brtsto Pac. RIt.

Outstanding.

Coupoi,.

Re,gintered.

Total.

585,02^,870

DBBT ON WHICH INTKRB8T HAS CBASBD SINCB MATDBITT.

o

Sotcg

No-. SO.
$3,674,ljj0

Oct. 81.
$4,<iUl.S0O

Old debt matured at various dates prlir to January 1. H61, and of her He iis of debt mtiured at viirious dates subsequent to J,tuuary 1. 13.11
1,015,520

1,607,739

Aggregate of debt on which Interest has ceased since
maturity
$5,279,770

$H,209,280

Funded Loan of

-I13
gge

-it

1891,

matured S'ptnmbera,

1891

OBBT BEARING NO INTEBB3T.
I«galtender notes
Old demand notes
National B<nk notes:
Kedemption account
Fractionnl currency
Less amount estimated as lust or destrored

$346.6><l.0lS
56.647

33.789.991
$15,282,628
8,37 ',9 )4
6.906,891

»-<O'X'OO0:XC0C0ifti-<-*0im»r:CC»0T'CDCD!C0SC0

o:toot>'*<i-ixi-ci^inr»r"o-MC^MiHcnra7»co;.
cD»::)U5coco

aow'^^"icci)6r-r-*r^'coif5c)6coc:GdoiSO'6bN'*

ftNC'!Jl^cocwNXco-«cO|-:c;:o^^*cco'^'C^r5l>
^ri-^t>aocctocoe40oiooio«>ooC;t^«*CThoii-rH

rH

•OCOOCOOWCD-^OOSt-^as

g^

« •

fZ

— ^i
— r-^
;OiCOCDTj<iQrH;DI-CS
^* vj ^^^ 'J' * J "^ ^*' I w^ —
.

'

;
,

I

M

CO CO 1> OS «<* -f
*^ \.^
I* -^W
r f—1 ^^ 'J
CCp;
rfl
t'« ^1

O

I

1

X

Aggregate of debt bearing no interest.

«ochm
wioos
-hcnco
ih:5-h
'^coco

t-iO-N
-<«

o g
w^
t

o

•VCO

-^MCD
I

i

t^rJ<i-(
1
T^ ^^

rt^

811

l

I

csm
^01

— osOio

iNOOOlO

h-TttoScoo

;o
ejxOooao •»

K CO'CD «

cdooOwcDio

loco
;OC0

I

LOCCr-t
I

S
H

m c^ -T - eo OS CO N 't oD
Tfi

»

^ t^ CO

o"

CDOCD

O

(U

COOlfi

(E

O

*
O CO (N (N rt r*

o

-^
t^
01

'h-OCCOWCCN
;oDOsO-f JC>cof

:'-'a3m'<*lb.tOr-ICD0DfH3ScD-!

N <N I" c^ * in CO

r'.i

CO -<

Tji

?;

COiNiO

(NCOb
t^aco

iCt

•i-CDCSXO'MO .osoiNm-^rr-coowcomi^o
C0XO'<*l J.OOO
r-t

COMX'f
'CO

dci-<tSco-r(>Jx*

oco* 01
01 -T

£d

1

dwr-'cod-ri'^ilt^

I

fHrHrHCIOlNt^Ol

'it
..5
Ss

«>
OS

a&*0
rH
rH

.XTj^ciC.ODCO'-'^rfoco^^^^aQqco-itTtiSc.ffiO
-x—iooxicx mdr-'or*f^s-rdcCiH7%rr-*r/r^
;eo-t-'<j'x

WfCi®(?j-*rHx©o:cococoo:ifix

cooxwcco(Nciq«m'»co«iocSt^S;-S
CO

?^

i-T

25.

Increase or
Decrease.

$
I.

150

889.074,0 6

D. 929,460
D. 1,640,680

977,739,986

980.309,976

D. 2,669,990

669.221.709

660.379,410

6.'2il9.230

5,279,770:

A notes.

l,546.961,69S|l,540.88l),3»8l

I.

8,a4»,29»

I.

B.272.300

$193,412,689
IH.iSi',

Bars
Subsidiary coin

OX OS
x^«

,

Bars

rHCOc^QDMr^f?

Tr de-dollar bars
Papar-Leaal tender notes (uW Issue)
Treasury no'es of lb90
OolJoerllHoies
Hlver ctTiificates
Currency oertifl.^ates
National bank notes
Other— Bonds. Interest and cup-ms paid, awaiting
reimbur^euient

Minor coin and fractional currency
Dep. sits In national b.nk deposi aries-general
Disoiiisingofilcers' balances

Agg,iegate.

04— .„..„,„,„,
$2J!,8*S,19S

S48.;9l.HV0
H, 8H.563
49,794,3 2

SllT»r-i«. liars

require too much space to give in like detail ihe
returns for the remainder of the State, we combine them in
the followinK statement with the figures for national banks
of

September

72,959.852

$
$
585.026.870 $585,026,720

Qold-Coln

»3
As it would

ISM.

and non-lnter>
est bparing deat
Certificates and notes olfHet by an equal
stuount of cash in the Treasury....

153

CDXt^
I

;4,274.t'18

10,135.000

CASH IN THE TREASURY.

COMO

:'-'»ftOrHrHO-j'*rHX>naDrHtN.OOi-l(NlO®COO:ift

Oct. 31.

1891.

387.433.348

ridd
^NN.
C-Jr-I

N

3

I

Aggregate of debt, incl'g cert's

vt^iN

:=

Noit. SO,

Interest-bearing debt
Debt n which Interest has ceased
Debt bearing no interest

r-OiH

coiN'!j<t>-»r:!i^

820.873.810
9.765.00U
70,933.2-6

Aiggreffate of Interest

.O

lOCOOCO
C»t^iOX»OCDoi;C

Issurd.

$54<.271.8i)6 $56>.a<l,70»

•

f^CO

oco CO

rH

t* (NCI 03

1.976,866

certificates..

«

^»

3 a"*

3,401.308
370.000

Classification of Debt.

SS'<£CL"''^'^"**"'>c^*c^'^'>t^'w'dr>-*aoi>'d««odco'f^^
r-iHCROO (N <0
i*''^'^<n<fiCU''l-'<*iO
l> Cl rH i^ rH
iH CO

Amount

RECAPITULATION.

i-_^«t^iriN-Tcci"-»oosOTO"^i\iococowo<NK«o

^

In
Circuiatton

the

0,ODOS

— OSO
H
CO lO r- 1^ »o uD r*

ver certificates

Aggregate of

i-(O-(tftt^o-t'«**Xmi-i«-i«03^a000'*i<Ot-t>citO

In

$19,202.I70'$142,649,»«« $1111,85 2.13»

Currency certlflcat-^s
Treasury notes of 1899

ccmcD

loT

III
>; ^_ to

and Notes.

Treasury.

IS

ti

Classiflcfition of CertificaUs

*

AND

(MXCO
Gold certlBoates

'Ol-^OlN

$3'*7,433,34g

CBRTIFICATE8 AND NOTBJ ISSUED ON DEPOSITS OF' GOLD
SILVER COIN AND LBGAL-TKNDBR NOPBS AND
PURCHASES OF 8IL.VBR BULLION.

I

«

is

00 01 1*
I

icicDC0oO'*N^cic:^O'-ii;oa0io
rOlO

62)!.!i:'413,31i>.7ii7

412,898,341

l,^7ei,SHM

192

2.1,0
'•™'*

^'i"
370,000
,
4,S«1,754-

"

....«„«„

43,108,309

»"^,2

S24,>i02

aoo't.

i6,81ia.8''U

3,b20,Ib8—

20.506,911

$748,886,750

1

Dbckmbbs

5,

THE CHRONICLE.

lHtt1,J

DBllAND LIABILlTiaS.
Oold

the French *nd German banks Hbto a great lock-np of oaplUI,
it seems morally certain that the lock-up must inoreaaa
through the deprociallon of the teooritieit of ao many ooa»

fl«t,M1.1in«

oa-tlflnatng

HIlTor cCtlHoufo^
Currently oorttt Hleo.
Treii-ury i.uiiwdf 1-lW
Fund for ru'teiiip, of unaurrent uatlunal
OiitiilKiicllniicliutrksnn'l

lO.ISVOO
Tll.uAo.nM-ISW.UMOe

bank aoiM...

(.Oflo.Ml

• •
O.O'O.'iOO

S4,)l^,877

»1'

,

t

Ajrirretm'e
Casli balHiioeln the

Ciulibuluiicu in ilie

Yet

tries.

S.T47,niiii

OlHhuiniiiKo niiira'biUaacaa.
Ave'ior itcootintj*, All

Gold roiH^rro
Net ouh twiauo*.

and

81il,in«,»ID

drafM

828

40,008,123

it

Ih

Dank

believed that the

Germany

Bank

of

Franco and tb*

them Ilea to
Here in London there is no dangtr
of serious troubles. There may, of coume, be small fallnres
but all important houses and Institutions have ha<l tima to
prepare for contingencies and they have availed themsolvesof
Iinpetial

tt.01&,lifO—

of

will

do

all

that in

prevent serious trouble.

8V,U<«,«18

12»,l«n,SlS

;

I•4^S^••<,7I1'>

Treaaurv Ootuber 81. 1801
Treaaui J November au, 1891

Iliw,ii7l.wii0

ie9,IIIII,wia

Decrease durlDtf the month

1040,009

Bu,Nos isauKD in aid or PACirio railroads.

the opportunity.

The

Principal
Ouir

yame
•/ RailvMV.

Interut
accrued

and not
vet paid.

*

Interat
paid by
the u. a.

Balance
TVantportatltm
aerrric4.

pay- of Inter'tt

By cash

Bv

paid by
m'U.'Op.e.
net «amin0». tlu 0. S.

Cen. Paoiao. 99,88}. leil

1
t
847,198 3B,877.4la

*
e.Ms.oao

«B8,JU8 88.<»4,a0«

Kan. Pact 00.

n,303,000

167,575

9.164.773

3.969,154

0.183.610

Onl'n Paolflo
Cen. Br. U.P.

«,a3n..'Sl»

488,410 91,580,109

1,970,8«0

StooxC.AP.

i.«a8,3a)

880,818 Utl,031,8T6
40,000 9,817.808
49,261 8.611,118
40.-08 8,818,891

13,01«.71«

We«t. Paolflo

«4.6ia,81»

1.B1B.6S8 W).84 1.370

as.oat.Mi

Totals

.

..

l.«00.0«PO

1

483,759

«

8,9»;

l,ei7,iai

».3«7

9.601.751

183.1U3

8.0f8.T6S
1,103,«2« H3.201.5a

Russian
famine is the most serious influenosw
Russia is utterly disorganized, credit is rudel/
shaken, and failures are numerous.
Russian capitalists,
therefore, have for a considerable time past been continuously selling Russian securities in Berlin and Qerman capitalists in turn have l>een selling in Paris.
Unfortiuately Paris is not able to dis[)08e of much stock in
London. For many years past English investors lutve been
distrustful of Continental securities, and at every rise they
have been celling Russian, Spanish, Portuguese and Italian
stocks. If London were now willing to buy hack, France
wmild be relieved; but English investors will not buy, and it
is very improbable that they will buy until there is a much
greater fall. For the moment it is understood that the Russian
(Government is buying its own bonds largely, and its efforts
are assisted by the covering of the tiears. The Spanish crisis
is comparatively less serious.
The obstacle to an arrangement
of the Spanish difficulty is that no way has yet been found to
prevent the Spanish Government from continuing to ijorrow
from the Bank of Spain. Between the end of 1887 and the middle of the present year the Bank ofSpain increased the accom
modation it gave to the Spanish Government by 57 per cent,
while it decreased the accommodation it gave to its private cuetomers fully one-third; and at the same time it had to increase
its note circulation about50percent. If the Government could
stop borrowing from the Bank.the Bank would be able to sell
some of the securities it holds and so increase its gold and
silver
but if the Government goes on borrowing there will
le no use in helping the Bank, for the note circulation will
steadily increase and the depreciation of the notes will continue. As a natural consequence of the Continental difficnl
There is hardly
ties, speculation here is completely stopped.
anything doing in the American department, although the
It seems
belief is as strong as ever that there must l>e a rise.
however, that the floating stock here has nearly all been got
rid of and the market, therefore, is fairly steady. Consols
and British railway stocks, too, are well supported.
The best informed still believe that a ukase will soon be issued prohibiting the export of wheat from Russia. It is said
that the ukase is drawn up ready for signature, but that the
Czar has postponed signing it until he returns to St. Petersburg about the beginning of next month. Meantime the exports of wheat from Russia are on a very large scale ; and
although the prices of grain are much higher than in September, yet compared with a year ago they do not seem high,
while the markets are comparatively quiet. For example,
the average price of wheat in the principal markets of England and Wales during the 11 weeks ending with Saturday
last was only 363. 7d., barely 18 per cent higher than in the
corresponding period of last year. It is a fact also that the
supplies of English wheat sent to market are small, and that
much of it is not fit for milling purposes without mixture
with foreign grain still the quotation shows how very large
are the foreign receipts and how strong the opinion here is at
present that all the food required will be obtained without a

Trade

in

[From our own correspoudent.
London, Saturday, November 21, 1891.
The value of money continues to decline, the rate of discount in the open market being no better than 2^ per centSpeculation is quite dormant and trade is somewhat falling
off, while the gold movements practically neutralizeone another.
Therefore bankers and discount houses have come to the
conclusion that money will be abundant and cheap for a considerable time to come. Yet it must not be fogotten that at
any moment a strong demand may arise for the Continent.
Already, indeed, the German demand is active enough to buv
up the gold offering in the open market, although for the
present it is not suflScient to withdraw gold from the Bank of
England. There is an American demand also in the open
market, but up to the present it has been much lighter than
most people expected. There is a general belief on the other
hand that Russia will have to send gold to London, partly to
buy food and partly to keep up the price of its bonds.
The silver market is very quiet. Early in the week the price
seemed about to give way heavily, but the speech of Mr. Foster at the banquet of the New York Chamber of Commerce
gave holders some confidence, as they conclude that no attempt will be made to stop purchases of silver. There is also
some Ismail demand for the metal for Spain.
On Saturday last there was almost a panic on the Vienna
Bourse, caused by a statement in an evening paper that the
Emperor had said to a Polish deputy that the relations with
Russia were very strained. The statement was immediately
contradicted oflScially, but prices continued to decline both in
Berlin and Paris on Monday and Teusday. On Wednesday
there was a recovery, which has since made further progress.
The alleged cause of the recovery was a report that the Russian Government had made up its quarrel with the Messrs.
Rothschild, and that the latter great house had undertaken to
buy from the syndicate for the late Russian loan five millions
sterling which the syndicate found it diiScult to carry. The
report is utterly unfounded. Messrs. Rothschild, it will be
recollected, refused to bring out the loan early in the summer,
and they are not in the least disposed now to take over from
their competitors so large an amount of the bonds. What has
really happened is that the Russian Government has taken
back from the syndicate eight out of the twenty millions sterling
brought out the other day, thus reducing the issue to twelve great advance.
The following return shows the position of the Bank cf
millions eterling. In consequence bears both in London and in
Paris have been covering for the sake of realizing profits. In England, the Bank rate of discount, the price of consols, &o,t
«pite of the recovery in quotations there is no great improve- compared with the last three years :
tSSa,
1S90.
18S%
t8»L
ment in the Continental position. The famine in Russia is
Wm. 18.
S
*
s
S
growing more intense,' and Germany is suffering not only be- clraolaUon
tS,lSt,8t6
iM8«,IM tt,l«S,9TS tijMlMt
8.aaa,sts
«.oas,o>8
«.ios,*u
«,900,4M
cause of the fall in all Riusian securities, but because PubllodapoalU
97,710386 8«jai.SS8 «M«\>«> «S.9S7,TuT
OtherdapoalU
also its railways and shipping
losing the profitare
11,777.6*1' U.117.iai
t6.0ST.7aa
10,140.049
Qorammeot Moorltlaa.
when
able transit
do
IS,118.«I3
to
they
used
a\ins.0t9 8«.M8^»S
l«J3»,S4d
business
that
Otkarnearttlee
ia.9ga,98S
11.0J3.«M
11,373359
14,541,6*1
aetWT*
There
export.
Russia bad
to
large stocks of grain
W38J.T75 iaifl6,47«
M.OT7.047 98,557317
Oomand ballkm
is no evidence yet of an arrangement of the financial difficulSSIS-M
40i5.1S
S5 18-16
Prop.aM*UtoltobUltlaa.|Mret. 4SlS-t6
8
»
6
«
-paret.
ties in Spain.
It seems quite likely therefore that a fresh fall Bankrat*
1-1*
W
13-14
(SM
»41S-1«
M
Coiuolo4t(peroaet
on the Continental Bourses may occur and that international
119348,000 17«3e0.0<« 16e,Tat.00O t9a,7M3«e
|

;

,

;

i

securities

may

decline further.

Nevertheless

the

best in-

formed here believe that there wiU be no important
«ither in Paris or Berlin.

It is

unquestionable that

failures

many of

ClearinaHoaM retara«
The following shows the iiniiorts of cereal oroduoe into th*
Onited Kingdom during the tirst rieven weeks of the seaaoa
compared with previous aoasons:

1

.

.

THE CHRONICLE.

824
IMPORTS.
1890.
1891.
17,021.846 15,177,784
6,100,8-27
6 102,933
2,520,707
3,303.302

1889.
13,197,319
5,042,^87

578.532
833.159

309.602
580,800

92-2.410

UuUan corn

4,032,.550

Flour

3,372,401

7,231,617
3,039,767

7,046,819
3,512,972

owt

-Wheat
BarleT
Oato.""

Eeas
feans

1888.
15.279,111
4,198.185
4,333.008

3,379,8.54

393,392
631,333
5,733,768
4,030,879

290,583

baak circulation and to secure public moneys in national bank
gave the statement for
depositaries on November 38,
October 31 in Chronicle of November 14, page 701, and
by referriufi; to that tbe changes made during the month can
be seen.

We

Xr.

OtMcriplion of Bondt.

Supplies available for conaumption (exclusive of stocks CD

September

1):

1891.
tmportsofwlieat.owt.17,021,816
3,372,401
Import* of flour
Bales of home-grown. 7,291,170

,„„„
1889.

1890.
15,177,734
3,039.7i;7

9,437,918

27,633,417 27,705,489
1890.
1891.
32i. 84.
Aver, price -wheat week.37s. 2(1.
Total

13,197,319
3.512,972
ll,5o9,900

1888.
15,279.111
4.050.779
8,037,207

28,270.191

27,367,197
1888.
3l3. 81.
333. 6J.

1889.
21.

303.

293. lid.
323. Od.
Average price, season.. 363. 7a.
The following shows the quantities of wheat. flour and
maize afloat to the United Kingdom:

This week.

Wheat

qrs. 2,324,500
291,000
Flour, eaual to qrs.
181,500
..qrs.
Maize

1889.
1,436,500
233.00U

1890.
2,086,009
303,000
356,000

Last week.
2,004.500
230.000
185.000

2i)i).OO0

Ensllsb Financial markets— Per Cable.

The

daily closing quotations for securities, &c., at Lonjlo-i
are reported by cable as follows for the week ending Dec. 4:

8.

Bonds HeUi

Oarrency 68
413 per cents
4 per cents...............

jillver,

Thum.

#ed.

rues.

tl9.566,5O0

$154,888,700

Pr'ch rentes (in
U. 8. 4ia8 0f 1891
17.8. 49 of 1907

439, „
953, e
9514

102
121

Paul....

Lake Shore

80%

9014
7914

Canadian Facitlo

& St.

102
121
78-is

105

104%

1281a
80^8

128

102
121
91
79 18
105

105

102
121

90%
785e

102
121
91
79
103

102
120=8

12!) la

91 14

79%
106

1291a
8II4

1291a
80^8

1291a

81

Si's

75

73

75

73

75

K. Y. Central & Hudson. lisia
K. Y. Lake Erie dcWest'n 3118
do
2d cons
IO714
Horfolk& Western, pref. 521a
Northern Pacific, pref..
73'8

II8I4
30=8

118^8
3118

II914
3118

107

107%

11813
3058
1071a
5219

II914
31
IO7I4

561a
2014

56%

43 la

42%
28%

liOuiBville

&

Nashville..

80=8

Mexican Central 48

Philadelphia & Reading.

Union Pacific
Wahaeh, pref

52%

52 14

731a
19^8

28'8

107 14

72%
56%
19%

731a
3658
20ie
4278
28T8

52%

52%

72 "a

72-'8

5til.j

42 14

421.J

5 6 la
19^8
4234

28%

28%

28-'8

19^8

®0mmcvclal mid WCisctllmuaus

Securt—

Total Held.

Circulation.

16,077,500
2,108,000

to

$11,880,000
156,450
138 662,650

23,756,UO
.$174,455,200

'

Imports and Exports for the Week.— The imports of last
compared with those of the preceding week, show a
decrease in both dry goods and general merchandise.
The
total imports were $9,130,230 against $10,458,449, the preceding week and §8,639,736 two weeks previous. The exports for
the week ended Dec. 1 amounted to §8,014,967 against
•$9,389,54t last week and ?9..')49,240 two weeks previou-?.
The
following are the imports at New York for tlie week ending
(for dry goods) Nov. 23 and for the week ending (for^eneral
merchandise) Nov. 27 also totals since the beginning of the
flrst week in January,
weelj,

;

NEW

TORK.

Fri

44 14
4414
431a
431a
439,e
95ie »5
94 &„
955,e .^95a,fl
95
963,.
955,„ XS)57,o
95ii.
14
Parlsjfr. 95-42ia 95-0213 95-07% 95-42ia 95-72 la 95-67I2

d

per oz

Oon80l8,new,2% per cts.
do foraccount

Chic. Mil.

Mon.

Sat.

1891,

$10,499,000
]5«,430
122,585,150
21,64?,: 00

*1,381,000

Total

ffov. 23,

Bank

Public Deposits
in Banks.

FOREIGN IMPORTS AT
London,

un.

[vot.

Jl^cios

For Week.

Dry Goods
S«ii'l mer'dise.

Total
Since Jan.

1889.

1888.

1891.

1890.

$1,691,274
5,930,613

$1,963,486
5,483,741

$2,165,2.57

7,140,545

7,454.792

$7,811,887

$7,419,227

$9,305,802

$9,130,220

$1, 675,42s

1,

Dry Goods
Qen'l mer'dise.

$117,708,286 $123,909,415 $138,682,758 $107,309,420
310,152,932| 336,823,214 363,687,360 372,832,361

Uotal 48 weeks. .«427,881,218'*460,732,639 $502,370,118 $180,141,781

In our report of the dry goods trade will be found the
mports of dry goods for one week later.
The following is a statement of the exports (exclusive cf
ipecie) from the port of New York to foreign ports for tte
treek ending Dae. 1 and from January 1 to date
EXPORTS FROM NEW TOKK FOR TUB WEEK.
:

For the week..
Prev. reported.

1888.

1889.

1890.

1891.

$6,288,334
268,683,290

$4,107,790
312,914,884

$5,838,005
318,8 42,764

$8,014,967
341,191,980

total 48 weeks. $271,971,624 $317,022,674 $324,680,769 $349,5^6,947

GtoVERNMENT REVENUE AND EXPENDITURES. —Through tbe
courtesy of the becretary of the Treasury, we are enabled
to place before our readers to-day the details of Govorn
meat receipts and disbursements for the month of November.
From previous returns we obtain the figures for prevKiUf
months, and in that manner complato the statement for the
eleven months of the calendar years 1891 and 1S90.

The following table shows the exports and imports of specie
the port of New York for the week ending November 28 and
dnce Jan. 1, 1891, and for the corresponding periods in 1890
and 1889
it

:

EXPORTS AND IMPORTS OP SPECIE AT

,

Exp )rts.
^ycek.

1891.

InUr'i
lUv'vu

(

1890.

tttd;..

Wtc'l lotaL

i-'tmrf

S'rce-a

t

Jao...
Feb...

S3.o:7

11,866
9,'itlO

i
246
SSH

8
2,602

1S,()«4

2.147

18.966

10,115

1.785

29,418

20,800
19,359

11,282

2,698

30.S66
S),778

12,508

1.994

33,861

....

2.527

36,440
87,517
38.803

801

12,28!)

May..

ll,et)5

12,-«.

680 2,198 27,130
128 S,06ll 27,417

June..

14,169
15,468

13,726

lO.lHS
14.121

mo.

It

t

%

t
36.G91

aoiitli

America

All other countries..

Total 1891
Total 1890
Total 1889

56

16,867

12.648

34.300

11,718

304

3,203
2,388

28.885

20.310

12.557

2,700

1,034

36,807

28,001
l,4(lj 28,58f

22,035

12.615

8,021

2,

31

39.804

areat Britain

24,934

12,840

15,2-Jt-

11,322

994
f07

1,448

l,03j| 26.917

40,210
28,980

Germany

3,730| 31.721

14.552

4,138

12,t02

111

1.107

11,946

830
112
114

1,C98

It: .055 135.496

%

21,642
23,953

00
u•^

18,0(!6

Oeruiauv
West luiJies
Mexico

Misc'l

3,794

11,207

12,4t0

FumL Snes

10,681

13.053

12,059

j;,,;.^

t
22.216

16,373

18,981

Intern

Rev^ue

*
87.880

March

Anjc..
Sept..
Oct...

,„,„„' N. Ilk.

Sreat Britain

7S9 29,611

April..

Jnly...

Out.
tonu.

17,'

3.0SS 21.241 389,850' 226.505 135.137

2,129

7,321 25,131 394,099

DI8BCK8BMKNTS (000a Omitted).

Pen-

Interest.

~i~
March
April..

M»y..

Ordinary.

Total.

Fund.

__.._

Pen-

1,C81

2,831

11,776
18.832

17,311

9,518

380
702

21.172
18,851

264

2,355

1,610

26,331

el4,8

8,519

317

2,082

29,772

sions. terest.

23,981

617,760
31,786 cl0,88t
31,492 (112,331

2.176

618

17,512

5,681

/14,805

12,593

489

29,908
27,287

7.232

304

14,883
39,052

878
88 13,410

1,819

36,-204

2,074

83,339

718

8,275

35,903

g9,588

1,608

39,7-20

ltl6,653

8,781
14,863

1,201

8a PC.

460
415

20,738

<

14,640

18.839

l,e«8

23,935

Oct....

14,500

5,174

1,>21

359

1,755

J 17.817
31,872 ;c20,483
27,911
15,411

11.097
21,511

11

mo.

11,784

ISl.HOl 10-I.6l«ll 6.543 80.88

27,858
25.060

1,330

2,823

14,018

~{~

7,916

0,815

14.188

Not...

fand.

8,852

21.5 «l| 13.683
13.974
5,091
15,169
9,083

10,977

lotaL

13.681

lone..

Aa«...

t^-Bklled-p.

*

July...

I».'

r'1-

$

*
2,48!
2,279
2,440

Jan... 01-.587
iPeb...

*

N.nk.
JleiVli.

1,514

4.313

2,20?

38,038

3,538

2,110

42,570

1.

Week.

Since Jon.l

$19,154 $37,142,556
16,547,183
17,031,557
"2,606
3,305,237
14,213
1,755,110
33,635

$231,889 $11,022.8612
254.760 10,212,822
5,046
4,083,401
6,5!)0
2,118,249
2,714
65,000
30,572
542,360
1,601
509,448

$21,154 $75,829,.531
111,200 19,174,373
8,047 48,465,212

$5:i3,172 $28,554,142
8,353,03(>
332,706

109,485

5,822,35-.4

Imp 0!-ls.

Siloer,

Week.

West Indies
Mexico.;

America

All other countries..

OriU

Imports.

Since Jan.

Ejrp 5)-(S

SoiitlJ

1891.

nary.

YORK.

Gold.

RECEIPTS (OOOs omitted)

OujUmis.

NEW

Total 1891
Total 1890
Total 1889

^SinceJan.l.

Week.

Since Jan.l,

$2,217
117
20,730

$6,54,790 $16,292,690
60,949
1,336,020
4,416

288,405
43,000
768,517
138,373

$3", 3 68

506,29.'">

4,279
52,950

970,29S

$910,001 $18,871,421
132,808 16,225,394
311,063 18,849,229

$60,597

$2,570,886

25,4.52

6,374,931
1,461,873

29,262
I'esiobo

529,62(>

541,588

86,120

Of the above imports for the week in 1891 $51,772 were
American gold coin. Of the exports during the same time
|2,000 were American gold coin,

—

Messrs. Marquand & Skehan, a new Stock Exchange firm,
have begun business in handsome offices at Nos. 16 and 18
Broad Street. Mr. Russell Marquand is tlie son of John P.
Marquand, of Blake Bros. & Co., and is a well-known commission broker on the floor of the Stock Exchange. Mr. Skehan
has been for the past ten years cashier for Spencer Trank &
Co. They will do a conservative commission stock and bond
business, giving close attention to investment lines.

—

premiums of «40 ooo
«MM,'f,"6?4?o"oS.";"«,^roo8'!!^i^.™SMi'?S„.*»^^

The books are now open in New York, Providence and
Boston for subscriptions to tbe preferred and common stock
of the Rhode Island Perkins Horse-Shoe Co., the particulars of
which may be found in the advertisement in another column.

•nSiSfu'rn^S^th^'&^U^^^^^^
.hows

The stock of this company represents tbe entira ciipitalization,
there being no funded or floating obligations. The buriness
is an old established one, yielding, as may be seen by reference
to the advertisement, handsome profits.

32'.3S1

164,33; 112,0(16 4n.«0d

8.l'403U.0S9

?n'"ikiJ'n'"l?.''K'""'"''"""""» fof

<KIO,)(»l«,00O. tbi totil being
''*'-''5''«0'>.«»1.7«.0d0, )«l,Ml,
»,|J.5;jf6cT'

the

amount

of each

^1^ o^lSteTd^a'gKS^li

.

1

.i:mbeb

h

fl,

The movement

market is indicated in the
prepared by us from the liguroa of the New
VVa flrttt give tlie receiptd at
York Proiluco Kxuhange.
Western lake and river ports, arranged bo aa to present the
oompArative movement for the week ending Nov. 28, 1891.
ai><1 (ince Auinut 1. for each of the last three yean:
of broadacurfn to

FUmr.

Wlual.

fl»rn.

aM'.iwflik

siu)i.«onw

muhMlb,

ir,1.590
117.015

1,38}.710

883,373

1,US,707

SJT.IOO

31,800

91,000

19.131

».9»7.em

B4CtipU <uChlooBo

UllnakM.
Dnlath

S,4S3,8I0

lllnn««polU

VolMo

1.3*8
4,870

W

tinc4 Aut.
1391
1880
1SS9

OaU.

BarUv.

R»»,

M

Bu<AJ8l6> Diuk.4MU>' Bu.
418,480
383,000

I'

180.531

53,058

.

.

87,400

83.881

14,400

10.000
89,589

88,411

li),«ll

33,074
80e,eilft

81300

4Ul,4iU

eoi,oso

i.ZSO

81,5'JO

334,80C

847,000

88,983
8,881
EB,400
88,000

SSO.SIl

7,811,877

8,080,443

1,80I8BS

'691,660

171,075
223,0S1

8,B1S,1B3
«,»47.701

1,083,414

1,4U<:,446

8S8,788

S,3M,C6l

1,168,388

i0l,6B8

«,421.0U 121,086.311
4,l«.37a 5^,846,818

31,884,861

43,138,510
38,371,705

07.(M8.50S

48.818240

.

Olerelan (*.,..
Bt, Look....
Peoria

Touwk.
tam* »k.'90
Bam* wk.'8»

**

Mi,5ao

0«6

88,548.463

184,483

14,801.702 10348.815
17,054,045 1,828,586
18.3.1 1.0S7 2.S73.061

The receipts of flour and gram at the seaboard ports for
week ended Nov. 23, 1891, follow:
Flour,

Com,

W/ieal,

A.I—
York...

bbti.
buth.
157,035 2,8eO,950
fioetoD
71,177
104,819
Montreal
7,357
146,702
PhllailelrhU.. 79,880
230,191
Baltimore.... »9,7!i9
130,152
Blcbmocd .... 5,685
1,'>,311
New Orleans.. 10,736
77,400

Barlen,
buth.

Oati,

bUMh.

New

bulk.

630,090
242,210

the

Sye,
fctiji^

902.000 439,500 262.076
115,002 3.1,777 15,243
36,788 44,653
650
179,382
1,200
22,000
17,715

9i',6»8

114,551
12,900
53,988

— Mr.

A. r.«mlmr(l prfsontn In fur rnliimnn Ihia
rcfcn m-c to Now York Cltv. Wostcrn and
Southern bnnk stocks. Mr. I/omlmrd in well known in this
city and is one of the directnn in thr Wratpm Nniinnal Bank.
In ranklns a specialty of bank stocks Mr. I»mbard h%» become well posted na to values and inviUMCOizaaponduncefroa
parties wisnirg to purchase.

week

Williiim

hiH

in

ciiril

—Messrs. Rea Bros. &. Co., of Pittsburg, who became temporarily embarrassed in October last by the failure of H. V.
White
Co. have settled in full with their creditors, long
before their notes fell due. Tlie llrm are members of the
New York, Philadelphia and Pittsburg Btock Kxchangea, and
their friends will bo glad to learn of the aonounceiuent Xixej

&

make

,

in our advertiiting columns,

—Copies of Mr. Oeorge Rutledge Olbson's addros.1 on "Wall
181
Street," delivered before the convention of American Bankers
78,757
6M0 at New Orleans, can ho obtained upon application at the office
of Messrs. Watson & Gibson, 55 Bread «rar. Mr. OlbsoH TB'a
"850.851
well known writer on subjects of practical finance, and his
88,881

1.

4.!W6.577

:

THE CHRONICLK.

1881.J

flcatonient bolow,

Detroit..

»

.

9,511

address will be found interesting.
Messrs. Farson, Leach & Co. publish a sneclal notice,
after State and City Department, on page ix. They offer city
of Dubuque (Iowa) 20-year refunding Tn to circful investors.

—

—

&

Ktanton pay the interest and coupons on
Messrs. Coflin
quite a number of securities, a list of which will be found
elsewhere.

—A list

of securities
Flagg.

is

offered in our

&

Reed

Messrs.

Auction Sales.— Tlie following were recently sold atauo*
by Messrs. R. Y. Harnett & Co,

tion

Shartf,

32,550

15 Bank of N. Am.<tterdam. 143%
.

Total week. .431,069 3,865,527 1,175,437 1,297,233 519,935 296,883
Cor. week '90.319,090 827,190 804,680 917,870 273,352 85,747

Below are the rail shipments of flour and grain from
Western lake and river porta for four years:

Flour

Wheat

Com

1891,

1890.

1889.

Week

1888.

Week

Week

Week

\ov. SO.
209,999

205,149

431,592
851,533
876,232
408,396
60,627
2,628,380

2fov.28.

Nov. 29.

bblB.

266,000

279,433

bush.

996,188

714,020
598,540

1,092,S41
296,251
122,608

1,505,208

302,241
122,913

662,607
1,150,159
848,330
313,617
69,258

3,576,761

3,242,928

3,043,969

I,068,8fc0

Oats
Barley

Bje
Total

Dec.

1.

The exports from the several seaboard ports for the wtek
33, 1891, are shown in the annexed statement:

endiuK Nov.
MxporU

WewTork
Boston...
Portland.
Montreal.
Phlladel
Baltlm're
H. Orl'n«.

Oom.

rumr.

B«»».
220,664
149,340

115,711
16,960

WhttU.

from—

Bufh.
1,635.553
80,691
16,384

H.NewB..

169,176

897

......

43,000
24,196

400,251
367,100
64,t02

By.

0<U$.

BbU.

Buth.
335,336

27,251
9,569
48,720

24,738

Buih.
192,990

Butk.
20,692

29,594

16,176
130,529

8,000
10,000

507

5,10.>

Feiu.

20,324

columns to-day by

20 Farraciit Fire Ins. Co
107
189 Nat B'way Bank
290
l.'iO Meroh. Ex. Nut. Bank. ..121
36 Kevlew Publishing Co. ..105

Bondt.
$75,000 0». South. * FL RR.
1st, 68. 1927
70
$7,000 City of Cincinnati
124%
7 310 per cent, 1902

The following were recently sold by Adrian H. MuUer & Son
18
20
61
43
.50

160

:

Shnret
950 Salt Lake Rock Co.of Salt

Sharet.
Bhoe & Leath. Nat. Bk. . 1 53
Nassau v»t. Bk of Bklyii.27
Home Firo Ins. Co
145
I'heulx Fire I. Co. Bklyn.130
Continental Fire Ins. C0.21S
Union Nat Bkof N. Y.

$20

Lake tlty

179 p.c. paid in liqm...$15
tTnltcrt States Trust Co.". 765
5 Nat. Ice Machine Co
$50
500 Am. Pneumatic Tool Co.

20

143
100 Warren RR. Co
74 N.J. Zinc & Iron (X>
129's
800 Salt Lake & Ft. Douglass
Railway Co
$10
Bonds.
$5,000"Met.Tcl.ATelep CO.tst
5s, 191H, M.
101%
$4,0(ro Syr. Blng. & N.Y. BR
Co. 7s, r. nr. 1906, A. dc 0..127'«
$5,000 Burl. & Mo. River BU.

AN

$2 50 p. sh.
23 Knickerbocker Tr. Co...l75
30 Nat. Park Bank
290
13PhenlxNat. Bak
126
20 Merchants' Nat. Bank... 145
13 Market Nat. Bk of N. Y. .213
24 Bank of N. Y., N. B. A... 231
100 CayuRa & Susq. RK. Co.. 12513
20 Lawyers' Title Ins. Co... 151
47 Third Ave. RR. Co
220
60 Peoples' Firo In.i. Co
80
50 Liberty Ins. Co
75
10 lawyers' Title Ins. Co. 1.30
5 Thurher-Whyland Co.,pf. 9914
10 Knickerbocker Trust Co.l79>4
1,000 Salt L. & East. Ry Co. $10

in Neb. 68, 1918, J.

& J. ...115>»

f 12,000 Prcscott AAriz. Con.

Ry Co.

1

8t, 8. F. 68,

1916...

65

$16,000 Monterey & Mex.
Gulf Ry Co. 1st. 53, 1933.. 35
$49,000 City of Bait. United
Brews.,
reg.,

M.

ilni.. 6b,

&

deb. 1914,

10

8

$600 AmerlcanTeiephone Co.

$10
consld. 1st. 8s, 1901)
$2,000 Rutherfd & Boil'g 8p.
Gas Co. 69, 1911. M. AS. .$100
$22,000 Salt Lake A Ft. D.
Ry Co. of Utah 1st, 6s, '15. .$700

Blolun'd
lot. week. 2,783,757

8'me time
1890...

134,040

443,199

239,042

290.570

284,395

'

360,072

240,574

167,397

3,675

38.739

158,724

Sawlitttfl awft fftttancial.

....

The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
Nov.

parts,

28, 1891:

Wheat,
buth.
7,513,004
1,049,000

/H ttore at—

New York
Do

atloat

Albmy
Bullilo

2,835,764
6,923,111

Ohloaffo

Hllwaokee
Doluth

OaU,

buMh.

biuh.

232,400
1,524,039

Detroit

585.628
35,000
2,849,685

Oewego'....
St. LoalB
atloat....

Olnolnnatl

biutt.

Pklladelphla
Poorla.

65,976
2,234

127,444
14,208

85.668
47,153

94,612

61,527

"2.182

163.360
179,800
12,600
469.197
265,865
290,524
43,578

95,200
220.000
148,819

33,6i>0

20,000
168,223
37,381
256,201
761.907

Boeton
Toronto
Montreal

63 690
17.^.781

63,587
3,000
53,235
102,093

13.0-i5

IndlanapoUi

84,074
Kansas City
865,113
Baltimore
1,822,418
MlnneBpolta
5,786,287
OaMlaalsslppl...
239,400
On Lakes
5,491,871
On oanalA river, 1,040,000

"i23
784.600

54,637
1,950
129,361
392,416
172,570
195,939
161,881
147,609

"15,006
7,741

320
8,917

0«w«Ko— Tjist week's stoolc^;

97,000
8,952
128,198
243,327

DIBKCTUBS.
HEURY C. TINKER,
HENKVORAVKS,

GEO.
J. R.

BAKER,
MAXWEI.L,
V.

97,000
33,200

857>'47
310,000
3,.58.'3,221

3,736,480
4,750.46S
2.992,573
2,329,90J

itH

surplus and

capital stock
undivided profits $475,000.

is

FAHNBSTOCKl
- -.(i. A. HOBAR'P

UARLANU

No. lUl Oroadwaj.
$1,000,000 SarplDSdcPraflta, $950,000
WILLIAM P. BT. JOMN, President. FRBDBRIOK B. 9CUB.V0K. CuUer.
JAMBS V. LOTT. Aj9l9tsnt Cuhlsr.
1

I

THIRD NATIONAL BANK
OF THE CITY OF NEW VOBK.

-....-

Capital,

J. B.

$1,000,000

WOODWARD

HBNRY on VPIN.

...OMhlsr
/«.
sollait«d anil oarefal

U. FaSO'S S.T4 VIV... \nl.Cnlll«r

MUnUjo

AcooanU

to the InterssU of DsiKMllor*

Spencer

Trask.
BANKERS.

and

$1,000,000

President.

«asraat««d.

Noa. 16

Its

J. A.

J.VO. U. 8TAR1.V.

-

Capital,

this week's not reoelved.

—The card of the New Orleans Canal & Banking Company
of New Orlean.s, one of the oldest banks in that city, is pubChromclb,

C.

HON.

RC.VKl.E.

DU.WO.VT C1.ARKB,

ACCOUHTH BOLICITKP.

'

lishpd in the

WM.

OK TUB CITY OF NBW YOKK,

22,690

"906

H.

B. F. C. YOL'NCi,

THE MERCANTILE NATIONAL BANK

17,000
90,8-0
107,537

434,628

New Verk.

•.'!(»«.•••
CAPITAL,.
ACCOUNTS OF BANKS, BANKERS AND MKRCHANT3 SOLICITED.
VIce-Presldaat.
HENRY OBAVBi
IIBNRV C. TINKER PresWent.
JAMES CHRISTIE. Cashier.

26',62i

28,'91. 43,265,628 2,626,330 4,137,477 2,334,443
Tot. Nov.2l,'91. 41,014,514 1,9.50,080 4,645,230 2,50,3,804
Tot Nov. 29,'90. 24,5-27,828 3,141.494 3,339,302 57*<,429
Tot. Nov.30,-89. 31,472.359 6,204.128 5,116,951 1,282,331
Tot. Dec 1, '88. 36,082,738 7,056,078 7,857,016 1,681,236
•

Barley

S&.

3,037, f51

Toledo

Do

Oom,

193,109 1,268,588 1,0S1,368
91,200
29,000
4,5U0
19,800
160,196 142,151 103,451
836,544 804.674 47<t,679
76,115
7,295

LIBERTY NATIONAL BANK,
Central Bulldlna, 143 Llbertr Street.

ALBANY

and 18 Broad

N. y.

Street,

SARATOOA,

TBAN8AOT A OBMBBAI.

."«.

T:

&

Co.

aw York Oltr>
PBOVIDB.SCB. t I

If

.IJIKIJira BVai?(BSS.

All dassea of SocorlUes Bought %-\\ 9<>14 onOi)OMl»*>a. S»mI>) altsattoa
PaUaldpala.
to In»»«tTi'uit S«oarlUe>. jural witt tj sio > ollM.aa I

W

vm

BMti';on and

(.'hicago.

THE CHRONICLK

826

gixe jankers'

ITame of Company.

Per

When
Payable.

"

&

"

Jan.

m
3«a

pref. (quar.).,
Nortliw'n pref. (C[uar.) . .

common

3

Caic. Bt. P. Minn. & Omaha pref
01. Cln. Chic. & St. L. pref. (quar.)
"
•'
"
coininon...

PennsjlTBiila & Northwestern..
l«i|» eUaneous.
Marrlatid Con]

Jan
I

•d

Dec.
Jan,
Jan.
Jan.
Jan.;

r-4

Jan.

premium

par, selling Jg premium ; ,St. Louis, 25c.
40c. pe r $1,000 premium.

Cent.

Kallroada.

& Lowell
&E. Illinois

Boston

[Vol. LUI,

The following were the rates of domestic exchange on New
York at the undermentioned cities to-day: Savannah, buying,
par, selling, J^ premium; New Orleans, commercial, fl 50
discount; bank, 50c. per $1,000 discount: Charieitoa, buying

(§nBttte,

DIVIDENDS.

Ohio.
Chle.

..

:

,.

Bookg Closed.
(Days inclusive.)

TPosted rates of leading bankers are as follows
December

II Dec.
5 to Dec. 12
2 Dec. 20 to Jan. 3
26]dcc. 6 to Dec. 27

I

I

I

United States Bonds.— Quotations e^ch day have been as

4

to Jan.

Demand.

4 82
4 85
Prime bankers' sterling bills on London.
4 80l4*4 80>4'
..Prime coramercial
4 79%<»4 80
Documentary commercial
23i4»& 23% 5 2114^5 2068
f>
Paris bankers (francs)
39i»,«a3978
401 ,« 40i«
Amsterdam (guilders) bankers
9458*9-1%
95»s9 95^4
Frankfort or BrpniPDlrftiebmarks)b'nkcr8

to
Dec. 13 to Jan. 3
Deo. 20 to Jan. 11
to

Dec. 18

Chicago,

:

Sixty Days.

4.

;

follows

1891-3 P.M.

WAL,L. STREET, FRIDAY, DEC. 4,
The Money Market and Financial Situation.—Tlie

out-

Interest

Not.

Periods

28.

I

Not.

Dec.

Dee.

30.

1.

2

Det.

Dec.

3

4.

100i«
.reg. Q.-Meh. lOlij 'loo's 100'« *100ia *100is
look remains good in this country, while abroad it is very de- 2b,
117 [•xl6>e II6I4' 1165f*ll6l4 '116>4
reg Q.-Jan
48,1907..,
much
is
so
117 nnie Il7i<'*ll7i4*ll7i4 'II7I4
coup. (J. -J an
cidedly Improved. In fact, thesentiment in London
48,1907
*X10S 10? 1*10* i'10S>9 108>»
reg. J. & J. 111
cur'cv,'95
better that it seems as if they were only waiting for a little 68, cur'oy,'96
110
reg. J. & J. *112i«*xl09 lOfij*!! 9»« *110
6s,
1141«*X11V9
llli9*lll>s*112
112
of
purchaser.^
J.
J.
&
reg.
6s, cur'cr,'97
Btimulus from this side to again become active
,'98
reg. J. J- J. 117 |*xllt 114 1*114 l*114is 115
cur'cj
69,
our BecuriHes. The Sun of Wednesday had a cable dispatch 6a, our'jy,'9 a-...reg. J. & J. 119'« *Kl6>al li6'i'*116>a-117 '117>«
from London with the following pertinent expression " The
•Thisls the price bid at tne inarmn? board no sale was male.
American market was strong and there was a fair amount of
Coins.—The following are the current quotations in gold for
new business. The feeling in this department is very bullish,
:

;

but great disappointment

at the action of the

is felt

various coins:

New York

$4 84 i»$4 88
3 85 ® 3 90
4 72 ® 4 76

market in putting a wet blanket on every upward move

Sovereigns
Napoleons

Btarted here."

4 78
25 Pesetas
Span. D,)Ubloon8.15 50

X X Retchmarks.

This week the Bank of England showed a small loss of
£69,000 in buIUon last week in speaking of the increase we

Mex. Doubloons. 15 50
par
Fine gold bars.

;

®

4 85

FlnesUverbars.. 95
Plvetittjos

Mexican dollars..
Do unoommero'l

—71 a
Peruviansols
70 English silver.... 4 80 «
prem. U.S. trade dollars- 70 a

®15 70
•ail5

a 14

a

—

95%

—90 3.-95
— 73%a — 75
— — * — -

— 73

4 90

gave it as £883,000 instead of £724,000, owing to an error in
eovernment Purchases of Silver.-The following shows
one of the printed dispatches.
the silver purchased by the Government in December:
The complicated failure of Field, Lindley, Wiechers & Co.
Price paid.
Ounces
Otinees
has not seriously affected the markets, and it has been a great
purchased.

offered.
evidence of general stability and conflience in values that
6 29,00 $0-9460 ® $0-9475
8118.000
2
December
was
business
prices have been so little shaken by it. To-day
731,000 $3-si50i) ® $0-9550
1,028,000
4
® $
almost paralyzed for a while by the terrible explosion in the *Looal purchases
*
ofiRce of Mr. Russell Sage.
1,363,000|$0-9160 -a $0-9550
•Total In month to date. l,836,00ol
The railroad position just now is almost unique, as the roads
* The looal purchases of each week are not reported till Monday of
both East and West are refusing business temporarily, owing the foUowiOK week.
to the blockade of freight. Then the corn traffic is yet to
State and Railroad Bonds.— Tlie sales of State bonds have
come, and altogether the volume of freight is fully up to the included §9.000 Tenn. settlt. 8s at 69J^(a70 $5,000 do, 5s at 99
best predictions that had been made. The October net earn- (8100; §3.000 Ala. class B, 1071,^ ; $1,500 N. Car. con. 48 at
ings have not shown so large an increase over last year in all 973.^ $10,000 Ala. cur. fd. 4s at 97.
Railroad bonds have been in fair demand, though the most
cases, owing to the fact that earnings in October, 1890, were
popular issues have shown but a small business. Pricesare genalso heavy. The least favorable point about our railroads is erally well maintained and the market seems to be merely waitthe large proportion of expenses to earnings, in consequence ing for buyers to start in and begin their purchases for January
to purchase
of the steady decline in rates for years past and the unreason- investment. If there are any persons who intend
for investment during the next two months, it seems well
able restrictions put upon them by the railroad commissioners
worth their wliile to consider whether they cannot probably
in Texas and some other States.
do better by taking bonds at present prices than by waiting
The open market rates for call loans during the week on till after December 15, when the January influences usually
effect
stock and bond collaterals have ranged from 2 to 6 per cent, begin to assert themselves. One of these influences is the
of coupons— 2, 23^ or 3 per cent due January 1— on a good
the average being 3 p. c.
To-day the rates on call were 3 to
many bonds, which generally pushes up the price of such
6 p. c. Commercial paper is quoted at 5 g fj^ per cent.
bonds as the time of payment gets near. There is little to comThe Bank of England weekly statement on Thursday showed ment upon in the market except what is shown by the prices
a decrease in specie of £69,000, and the percentage of reserve on another page.
'

.

;

;

was 41 '44, against 45'30 last week; the discount
Railroad and Miscellaneous Stocks.- The volume of busiunchanged at 4 per cent. The Bank of France ness has been small and the notable features of the week very
shows an increase of 7,850,000 francs in gold and 2,100,000 in few. Stocks appear to be in a very healthy condition, and
the quiet period since the end of September has been the best
silver.
thing that could happen to lay the foundation for a good busiThe New York Cleiring-House banks in their statement of ness in the future. If the rnarket had gone on advancing as
Nov. 28 showed an increase in the reserve held of $3,807,400 it did in August and September, there would certainly have
and a surplus over the required reserve of $14,882,350, against been a dangerous situation, with every probability of a disastrous break. As it is, the holders and buyers of stocks have
$18,822,750 the previous week.
waited for the development of traffic, and have not waited in
vain, as the returns of monthly earnings and the more
1891.
Dlfferen'sfrom
1890.
1889.
pointed and conclusive results of increased dividends have
to liabilities

rate remains

Not. 28.

Prev. Keek.

Not. 29.

Not. 30.

$
Capital
Borplns

59,372, 700
64,931. 000

60,572, ,700 61 062,700
62.213 ,100 56,,0.50,100
LoaDB and dlsc'ts 41-.;,4.')3, JOO Inc. 3,848,400 384,548 ,100l395 993,000
Circulation
5,611, (100 luc
36,200
3,547, ,200
4 ,056,700
Ret deposits.
427,313.,000 Inc. 4.99 1,200 378,57m, 200 400, 561,400
Specie
88,589,,«00 1nc. 619,100! 71,608, ,500, 75, 58-2,91)0
liegal tenders
33,120,,700|lnc. 2,183,300 23,368, ,400 26, 199,300
Beserre held
121,710,,600 Inc. 2,807,400 95,026, 900' 102, 032,200
Legal reserve
100,828 ,250 Inc. 1,247,800 94,644 ,550 100, ,140,350
.

Bnrplns reserve

14,8 J2,350 Inc. 1,559,600!

382.350!

1,891,850

Foreign Fxchange.— The rates for sterling bills have varied
only a small fraction during the week and close rather firmer
though with a good supply of commercial exchange. Wheat
and cotton exports continue large, but the foreign buying of
securities in our market is of small volume. Actual
rates for
exchange are: Bankers' sixty days sterling, 4 8lii(a4 8I14
demand, 4 84(34 841,^ cables, 4 84^04 8i%.\ ,.
^
;

^

•
'

been highly satisfactory.
Richmond Terminal has been the weak spot of the market,
breaking down to 8% on Wednesday and closing at 8% to-day.
After the meeting on Monday next the affairs of the company
will probably be taken in hand by the committee lately named.
Missouri Pacific was sold down apparently with bearish purpose as the earnings show well, but what the insiders are
doing in this stock is seldom known by the public. Burlington
has been the strongest of the leading grangers and sold up
to 103^g to-dav, which, if the recent dividend was on would
make it 105)^. Atchison stock and bonds are firm but dull.
St. Paul, Rock Island and Northwest are all strong on good
earnings. Northern Pacific has been among the weaker
specialties, without any particular reason so far as known.
The unlisted stocks have been very dull. Silver certificates
have taken on new life and show quite an active busines.-*, based
on Mr. Goschen's utterances in London, and the idra that hi»
proposals, if adopted, would look towards bi-metallism in
England; they close at 95.

n

'

Dkckubkk

THE CHRONICLE

1601. J

5,

NEW TUBE STOCK EKOBANgg-AOnt^g

SVOOICS

Batarday,

Monday,

Not. 2i.

Artlvr

KK.

AtclitKoii T<>i>.

Mot,

ToeiMlay,

sa

Deo.

48ifl

4SI>8

42%

*4>fl

&>«

•iis

43V|
a>«
87i«
6II4

•87
e7i« •87
eJ»« 60»8
60*4
•iia ii4<i 113 1I3'b

42% 48%

42% «S

5%

•418

87%
60%

•4»«

m

as"*
0114
llSls 113>y
-31
82

^

„

7m

>.

'.'.'.

•

8

*4'«

88>s
OII4

'J5% 8H

137
Oil

96
75'8

ea
96
70 1»

11>»%I19>«
11714 ll7»e

IM

139

»3% 84%
87%

37
98

98>s

70% 71%
28

28

1-0 14122%
130% 187%
•16
44l«

a%
•35

17
44>s

5%

46

11»8

111
101
9
•27

11%
1I2>S
101
10

SO
20

20

66%
121% 125%
•'0%

96

96

77'8

23
101

78%
23%
101

*19'8

20%

107% 107%
•76
82
112

112

•8

9

•18%

20

•16

17
26

25

57% 59%
40

40

•16

19

75

Do

pref

Rio Grande Western

461s
•42

47
43

47

12
Do
72
_
pref. •721s 7314
Borne Watertown AOcdensb
111 11214^111
Bt. I>oul8 Alton It. T. H., pref. -12.'5
125
St. Louis Southwestern
•8
8
81a
Do
*15>« 161s
15
i>ref
Bt Paul A Duluth
•42
.....'.
43
42
Do
100 101 la 100
pref
Bt. Paul Minn. A Manitoba ." 112
113>sl*lll
!

Co

A Pacific
I.
Ann Arbor A N. Mich
A Ohio Central
Do
pref

Toledo
Toledo

Union Pacific
Union Pacific Denver

Wabash

" "

Dc
Do

A Qujf
'

A Lake

Erie.

pref"

......'.

pref

Wisconsin Central Co

'.

niiieellaneouii Slock*.
American Cotton Oil Co

Do

Am.

pref.

8u)farRef.Co.,teiup. ctfs.

Do
prei., temp. ctfs.
ChicaKo Gas Co., trust rec'ts.
Colorado Coal A
Consolidated Oas Co...
Di8tillinK& "attleFeed"'gCo
Edison General Electric
National Co«las;e Co
'>o
Natlfinal

Lead Trust
North American Co
Oregon Improvement Co

pref.

19

80

23% "23% 25
2014

20

20%

3MT8

37 78

39

2714

65

27% 27%
'6J% 65

32

,

Wheeling

9%

"n"
51

46

43

•42

731s

....

•4%

8%

73

10
'70
•22

20
38

80
24
20

8barH.

LOWMt

84,948

24% Mar.
4% Au«.
72% Jan.
47% July

IML

BUrbMi

88

65

38% 38%
28
28%

63

65

9
48

50

36
11

48%
43
74

8%
45
"41

72

0%
49
43

9%

20% 20%
37% 38%

28

62%
32

28
65

80

41%
18

IS

•17% 18

40^8

"80

84

41%

13% 13%
27% 28

84

40% 41%
18%

•16

13% 13% •li% 14
27% 28% 27% 28
35% 36111 35% 37
76% 75T8 76% 75% 76%
18%
181s I8is •18
18% 18
2918 29>a •29
29% 28% 29%
55
55
54% 54% 53% 53%
87% 87% 87% 88% 87% 88%
36
76

96I4

69
•35
991*
SS's

361s

96I4
60^8

38
991s

59%
95% 95%

95

96

58% 60%
•35

•21

38

57%

231s
381s
5778

888
4,000

882
130

47% Sept. I

10

6

7

6
30
108% June 29
29 r«b. 24
14% July 80
42 Jiilv 29
22 July 31
123 Miy 12

Aoftal

91

BeFt-lf

6l%Oct

123% Apr.
847, 0«L
34 Mpt,!
«07,a*p|.j

•80

84

0%

50

126

40% 41%

•80

84

41% 41%

1«% 17
12% 1278
26% 27%

84

40% 41%

•17
17% 18
18
13
13% 13% 13%|

27%

35% 36%
76
76%
17% 18

36
78
"177s

l.HO 14% Jan.

29.460
1,140

27% 2778
33% 36%
76% 75% 76%
18% •17% 18%

2778
3678

48,465
1,490

100
335

2578 Auk.

24%8ept.24
41% Sept. 21

12% .Tan.

2^7g Oct. 23

48
28

68% Sept 23
43% Aug. 35
19% Feb. 7
76% Feb. 10
44 May 1

Jan.
Jan.
8% Deo.
43 Not. 27
23 J.<n. 2
55% Jan. 2

7578 Sept 18
xl05%Jnly3l 114% Apr. 18
120 Jan. 6 122% Jan. 8
40O
6 June 11 "0 Oct 20

19% Oct 21

5

12

Aug.

1,030
122

24

Jan. 15* 43 Not. 27
Jan. 5ll00 Not. 28
Jan. 2ill5%Oet8«
Jan. 16 44% Sept 38
Dec 2 16%8ept31

85
400 100
7IJ0. 23
6.240 10%
lOo! 13
240, 44
78
29,543 32%
630 14
1,425

4

JuneSO 31

8ept31

Deo.

Jan. 18

61
88

June

2|
81

Aug.
Aug.

Ill
li;

82% Apr 38
24% Jan. 14

10

16

8% Mar.

Feb. 16

Sept. 18

167, Jan. Sl 34%Hept21
29% July 80 89% Sept. 3>
67% Jan. 2' 80 BeptSl
300 18 July 30, 33% Jan. 14

14.4-<0

7,13o
4,05)

I

I

27%

29
29% 29
29
3.970 lS7gJao. 3 30% Nov. 31
83% 53% 54% •53% .35
1,12.'!
33% Jan. 2! 86% Not. 3S
87% 87
87% 87
87% 12,320 37-,Jnn. 17, 93% Sept SI
96 96% 96 90% 97
96
96
_
97
499 85 Feb. 27, 98 BeptSl
60% 61% 60% 61% 61% 62 x60% 00% 96.898 31 Jan. 3 62% Not. 28
34
35% .33% 34% 34% 34% '34
31% 1,610 27% July 30 39% Mar. 16
99% 99% 96% 96% 96% 967s 97
97
517 92% July 3 101 Oot 36
8U% 601, 58% 89% 88% 89% 88% 89% 26.940 41% Feb. 16 60% Dec 1
•92% 90
91% 94% 95
DS
94% 94% l.lll 88 Jan. 3 111 Feb. B
92
92% 91% 92% 02% 927e 92% 92% 4,524 73% Mar. 1 1 lot May S7
100 10
100 100
'100
100 101
102
810 97 Nov. 9 10% May 7
16% 16^8 16% 10% 16% 16% 16% 1678 11,621 14% Jnly 2-< 21% Jsn. 17
17
17% 10% 17
16% 17% 16% 16% 7,865 11% Jan. 2 21% Oct. 5
•2
•21
20% 20% "21
23
24
25
8 15% Jan. 7i 32% May 1
87% 38% 87% 37% 37% 38% 37
37% 2.460 31% Jan. 20 41% Feb. 36
60
60% 60 'h 60% 60% 09
58%
097, 839.0)0 51% Ang. 7 81
Fob. 10
177 177
177 17
176% 176% 177 177
Nor. 13 196% Jan. 14
1,189 172
94% 94% 91% 9578 03% 96
•94% 03% r,not,o<xt 94% Not. 5 107% Jan. 14
39
39
34% 89
34% 2,150 24% July 30 41% Oct IS
30% 39% 39
53
86

287s

I

I

36

9»% 99'8
58% 60%
93% 94%
92% 92%

921s 9.2%
103 100
991s 100
16% 16%
161s 16%
17'8'

•80

8,785

36

8%

46

42% 42% •41% 42%
7278 73
72
72% 72%
112% 111 112% •111% 112%

112% •111% 112% 111
125
125
125
778 8% 'T'a 8%
"8
81s
•15
16
15% •15
15% 15%
42
42% 42% 42% •41
41%
•99 101
•100 101% 100
100
1131s "112 113% •112 113% 111

84
42

'80

2,"io6

41
Oct.
138
187 187
42
103 >t 1027, 10.J7g 65,900 75% Mar. 7 139% Oo*. ..
1037,1100. 4
70
67
«7
219 41% Jan. 8 73%««tpt.n
•»4
....
97
07
170 88 Jan. 2 103%8«pt.21
76% 77
76% 77% 62.835 50%
2 77% Dec 4
119% 120 14 120 120% 6,8 J8 105% Jan.
8 123 Hept.31
117'8ll^% 1I8%1I8% 21,718 102% Jan.
Mar.
1l8%I>eo. 4
140 140
139 -a 139%
735 ISO Mar.
140 Not. 38
84ii 86le
84% 83% 87.325 63% Mar. 18
6
87% Bept. 21
87
d7% 86
36% 4.925 21 July 80 87% Not. 80
99% 10018 99% 100
2,778 77% Jan. 29 100% Dee. »
70^8 711s
70% 71
0,728 56% July 30 74%8«pt.31
08
98
178 90 July %" 98% Deo. a
2 7 '8 28
28% 28% 1,330 22
July
34%BepLM
121% 122
121% 12178 0.982 118% Nov. 31
16 I4l%8ep(. S
13T% 137% 136% 137% 85,528 130% July 27
I4.^%8ept.31
•16% 17% 17
17
900 13% July 30 21 Oct. 8
44 45% 43% 43
400 40 July .30 637, Jan. j^
•5% «% •6% 6%
025
July 30
8
8% Jan. 14
-85
48
38
40
20 42 July 20 66 Jan. 14
•11
12% •11
12
280
078 July 30 19% Jan. 14
120 120
100 111% Feb. 8 129 Apr. 1
112 115 "113 no
1,120
Jan.
115 Deo. 8
102 103
10a% 10.i% 1,310 72
90 Mar. 9 104% Oct. 21
10
10
•10% 11
186
6 Auk. 10 12 8ept.l«
28% 29% 28
28
818
Jan. 3 33% Sept. 31
20
20% •19% 20% 2.130 20
12% July 31 24% Dot. 6
66
66% 66
66% 0.160 53
July 31 69% Sept. 3i
125%1;^6
128% 128% 12,ai8 xI05%Jue30 l26%Oot. 5
•95% 97
•95% 07
320 86 Jan. 3 99% 8«pt 15
78% 79
78% 70%
6578 Auk. 14 82% May 1
23% 23% 23% 2j% 27,981
800 18 Mar. 9 29% Apr. 27
101 101
101% IO114
H^O 95 July 30 109 Apr. 6
21% 21% 21% 21%
400 17% July 29 23% Sept. 19
107% 107'e •107% lu8%
820 87% July 30il077«r)cc. 8
Si's 8l
82
83%
500 70 May 21 98 Jan. 15
111% 11378 113% 114
3,526
98% May 19 114 Deo. 4
•8
9
9
9
105
3%Aue. 3 9% Nor. 35
19% 20% •19
20%
720
7% July 30 20% Not. 25
•16
17% 10% 16%
250 11% Mar. 14 20 Sept. 18
25% 25% 25% 25%
959 19% Mar. 6 29% Sept 17
58% 59 s 57% 56% 56,575 54% Oct. 2> 77% Sept. 21
40% 40%
J41
80<) 26
J;iu.
21 45
Sept. 21
•85
•85
88
88
AU(?. 17'l10
May 29
116%116% 115% 116% 15.032 79%
July 28
98%
116%
Dec 4
20% 20% 20% 20% 1,700 11%AUK. ' 22% Oct.
18
•78% 80
•78% 80
57 Jan. 2 84 Oct. 10
43% 43% "44
44%
303 23 Jan. 2 47% Oct. 14
30
30% 29% 30% 82,235 17% July 3 31 7^001. 7
69% 69'8 69
70
4.-^10
June 29 72%8ert 18
38% 38% 37% 38% 4,610 47%
31
July 3(> 43 Sept. 21
225 230
30 224% Nov. 7 271 Feh. 8
19% "l97a 1»% 1978 11,600 14 July 30 23% Sept. 17
•9
9
9
9%
230
6% July 30 1 1 % Sept. 30
37% 37% •37% 38
100 25 Auk. 4 4 17, Sept. 80
•16
17
16% 10%
100 13 Auk. 17 18% Oct 5
-50% 51 14 51% 51% 8,660 46% Aug.
57% Jan. 14
25
26% 2478 25%
76.1 20% Jnly 80 807, Sept 33
70
70% 69% 70% 69.156 58% July 31 78% Sept 31
23
24
12,950 18% Mar. 11 26% Sept 19
•17
"17
19
19
14 Jan. 2 20% Sept 21
•73
•75
80
80
65 Mar. 9 82 Jan. 13
•23
24
22
22
23
19 Jan.
30 Apr. 28
'20

20^

38%
27% 27%
•63

88%
01%
112%
32%
24%
86%
•88% 37%

-s

8%
8% 8%
15% •15% 15%
41% 42
42
102
100% 100%
113
113 113%
3914
•39% 40
•3914
"
"39%
39% 40
30% 39%
12% 12% 12% 12% 11% 12% 10% 11% 11% 11% 11% 11%
*17is 18
17% 18
•17
17% 17% •16% 18
"16% 18
18
•42 Is 44
•42% 44
-42% 44
44
44% 44
44
•44% 45

17%

'.'.'.'.'.'.'.

42% 48%

51,

88

1

1

17% 17%

21

24
38
58
PuUniiin I'alnceCarCo
177% 177%'
177 177
Silver Bullion Ceriiflcateg
91% 94% 94% 94%i
Temiessce Coal A Iron
39%l
i)9
38% 39
•90
1»lii.
'90 100
Do
'90 100
'90
100
100
pref. •90
S'2"«
S3% s:
u % u*>
Wester n Uni on Telegraph
83
»i\^
8218 82%
82
* Tbese are tbe prices bid and aaked ; no lale mad*
4 Price* from both Kzahaagea. x Bz
Pacltle .Mall
Pipe Line CertlfieatesJ

„

WMk,

'

*«5

J)

80

•85
134
102

187

ioi%ioa

88
New York Central & Hudson lUSelMOg II414H514 114% 115% 114% 115%
New York Cblc. & St. Louis .. •20
20
21
20% 19% 20% 20
20%
Do
8OI4 •79
Ist pref. •79
8014 *79
•78
80
70%
Do
44
2d pi-ef. •43^ 44ig •43
44
45
_
43% 43%
sew York Lake Erie A West'
29^^ 30>« 291a 30% 29% 30%
29% 30%
^0
69»4 69'4
69
70ie
69% 70
69
pref
69%
Hew York A New Ennflanrt
3!i°8 39
38
38% 37^8 38%
33% 38
New York New Hav. A Hart •225 230 226 230 227 227 2:^5 230
New York Ontario A Western 19'4 20% 19% 20
W'-i 20%
19% 20
"9
New York Susquehan. AWest *9»4 9% •9
9%
g
91s
Do
•37
*36is
•36%
"36% 38
38
pref
38
38
Norfolk A Western
16 17 •16 17 16 17 •16 17
*30i« 5H« •oOis 51
Do
50% 81
50% 50%
pref
23i« 26
Northern Pacific
25% 25% 25% 25% 25% 25%
71J«
Do
7014
71
70'8
69% 70^8 69% 70%
pref
Ohio A Mississippi
21% 22\: 21% 221s 23
26% 23
23

Ohio Southern
•16
•16
19
Orecon K'y & NavlEatioiVco
74
•75
80
OrcKon Sh. WneiUtah North i*23% 24%
23%
20i«
Peoria Deea-ur& Evansville.
2068 20»B
Fhlla. A Read., vot. trust, cert
38»2 38'e
SS-s
PittBburK Cinu. Chic. A St. l! "27
27 14
28
Do
64
pref. *6J
i'6S^
^
Pitts. A West
•33
pref. tr. certs
36
BIchuionlAWestP'tTeruiinai
lO'a 11
"lOTs

48%

48

Bl«

88>8

.

Pacific

rnday.
Doo, 4

8.

88%
60 >f em
61% 80%
112
113 'U2itlI8Ts 112%
•31
'81
82
83
•31%
23% 23% 23% 24 • 24
24% 24
56
86
8614 06 >«
86
56
5S%
36

•81
Cent ral I'aol tic
•81
82
32
24
Ohesuiivukv & O,, vol, tr. cert.
24 >«
23^8 2418
l>o
87
do
Ist pref.... *aO
•S3
87
*3«>4 88
Do
do
2d pref
37
87
StI
•134
OblOBKo A Alton
IStl
134
135 1J5
139
OliloaKO Hiirllinrtoii & Qiiluoy. 101>el01»s lOOTg 101% I0im02%
OhloaKo A Kastern lUiiKilii
08
•65
88
"66
70
70
I>o
*«4
98
pref. '04
06
05^9 OS's
7H>4 7e»H
Ohloatro Milwaukee & St. Paul.
78 '8 7«^
76
76^
l>o
pref. 119>9ll!i>e 119
1191s 1191s 119%
OnloaKo A Nortb western
Il7'4ll7»e 116% 117% U7%117'k
140 140 •139% 140%
pre'™_. ^^
84"' "si
CnloagoRock Island APacIHo.
83% 841s BS's 84%
38>« 38>«
Chloaeo St. Paul Mlun. A Om.
3«<s 37%
361s 37iv
Do
OS
98as
98% 9»>s 98
pref,
9K
Oleve. Cinoln. Chic. A St. L...
70«8 70»8
70'8
701s 71
"87% 100
Do
98
98
pref,
fSHi 9Hiv
„
Columbus Hdoklng Val. & Tol
28% 26% 2S
28is
i7ia 27H
Delaware A: Hudson
123
123
1221s 123% 121% 123
Delaware l.acknwauna AWest 137'«137''8 137 13H
13716 138
l»ii4
Denver A RloOrande
16
17
171,
l>o
43^8 43\
43>a 43i«
pref.
**
*J,
&I4
East Tounessoe Va. A Oa
SI4
6%
*35
Do
•35
•35
45
1 at pref.
45
45
Do
•11
"11
13
13
2d pref. Ml
13
Evansrlllo A Terre Haute
!17
117 120 117 120
120
Great Nortlieni, pref
112 112
•Ill's 112ij lllisllliv
"100 »« 102
Illinois Central
101 101
10118 10114
'.'."..
Iowa Central
9
•014 101.
9
10
)0
Do
•27
28
•28
28
30
pref.
30
. ^
Lake Erie A Western
20'4 20111
20
20 14
20
2014
66
6(1%
66
66% 661s 67
pref.
^ Do
.
take
Shore A MIoh. Soutiiern. I2414 124% 124 125% 124''8l25%
*».5i9 97
Loni! Island
96 -a 97
961s 06 >»
Louisville A Nashville
78
7838
77% 781* 78
78%
Louisv. New Alb. & Chlcajto..
"4
•22
23
23 M
23
23
23
Manhattan Klevated.cousol *102»)i 103% 103% 103% 101»B103
•2(li8 20%
Mexican Central
21
•100 108
MiohlKan Central
IO7I4 10714 "107
107i»
72 82
Milwaukee Lake Sh. A West
"77% 82
•741s 82
•109
Do
112
IMislim
111%
pref.
111%
...
-8
"8
Minneapolis & St. Louis
9
9
9
Do
18% 191* 19
pref. •18% 20
19
Mo. K.& Tex., ex 2dm. bends
lUis I6I2 -1014 17
le^s le's
Do
20 "0 20 la 26
25% 25%
26
pref
„,
Missouri Pacific
59 '8 GUIs
6014 GO'S
5s% 60%
Mobile A Ohio
•39
•40
42
42
•87
'86
Hashv.Cliatt.inooKa*St.Ix)uis •87
90
90
89

Texas

Dm.

ltao«* of MiM la

Of Uis

Thnnday,

IW|.

JAff. I,

StockB.

A Smita Fe

AtlHiitlf * I'acldo
Oaiiadiaii I'nclflo
CautKtit Hmittiem
OeutrnI of Now Jersey

Bouthem

and rtnm

4.

ruon

WedDOMlar,
Dbo. a>

1.

DSO.

wat^y

for mm.%

Hiaasar amd lowbst
BTOCK8.

627

1

38
58

90

I

'

I

aw

dtr.

100

RO

<i'j

»ol -t|

Jan.
It..

6 00
••

on».

Sept 31
o-.-..

«g

.

6

.

J

3

:

THE CHRONICLE.

823

[Vol. LIII.

NBVV raBK STOCK EXCHA.N»E PRICES (Coatinueil)— /.VAOr/P'^; STOCKS.
Dec.

iKACnVE STOCKS

4.

Ask.

Bid.

H Indicates unlisted.
...100,

.100 165
& Susqueliaiina
& Cbarlotte Air LH... .1001 88
Belle\-llle & South. 111. pret....lOO! 125

175
92
150

Alhany

Atlanta

100, UOOij
lOOl 25

Boston <fcN.Y.AirLiue pre!
Brooklyn Elevntedr

Buffalo Eocliester & Pitts
Preferred
Burl. Cedar Rapids & Nor
Oalif ornia raciflcH
Cedar Falls & Minnesota
Cleveland & Pittsburp
Columbia & Greenville pf

Preferred

100

40%

{

PreferredU
Flint & Pere Marquette
Preferred
PaeiflcIT

Oreen Bay Win. & St. Paul.
Houston & Texas Central

. .

1135

3%

9

100 • 7
50 :i49
100
6
100
100 12
5>«
100
100 11
23
100
100 75
5
100

& Fort Dodge
& Atlan.lT

147

99
27 >? 30
4039 29
74
79
45
20
23
13

78
lOO:
100' 35
100, * 14

DuluthB. hore

Georgia

144

100

Nov. 167^9

& Saratoga
Joseph & Grand Mand

15>s

25
80

Jan

40
Sept. 14
9
Mar.
June 152

7
3

2'6

Nov.

15

Mar.

76I4 Oct.
6 July
5 July
2 Jan.

861s Apr.
8% Jan.
12% Oct.
4I3 Aug.

Sept.

Michigan
Des Moines

94
10

Keokuk &

100,

13

price Friday;

latest price this

SECURITIES.

New York
28, 1891,

is

We

as follows.

100
150
123

SECURITIES.

Oavittl.

Chatham

15
185
10

BE

«

Smk of New York

2,000.0
2,050,0
2,000,0
Mechanics*
2,000.0
America
3,000,0
Phenii
1,000,0
City
1,000,0
Tradesmen's
750,0
Chemical
800,0
MercIiaiitA' Exchange
600,0
C^latin Natioual.. .. 1,000.0
Batchers' & Drovers'.
300.0
Mechanics'
Traders
400,0
Greenwich
200,0
Ijeatne) Manufact'rs.
600,0
Seventh National
300,0
Gtate of New York
1,200,0
American Exchange.. 6,000,0
Commerce
6,000,0
Broadway
1,000,0
Mercantile
1,000,0
Paoinc
422,7
Sepablic
1,600,0
Chatham
460,0
Peoples'
200,0
Korth America.
700,0
Hanover
1,000,0
Irving
500,0
Citizens'......
..
600,0
Nassau
SOO.O
M»rket& Pnlton
760,0
Bt Nicholas
600,0
Bhoe <t Le.ither
600,0
Com Kxcliange....
1,000,0
Contincutal
1,000.0
Orlent.il
»00,0
Importers'
Traders' l,600,r

Hauhattan Co
ICerchants'

,

&

A

Park
Kast River
Pourth Kational..

•/,000,(J

260,0
3,200,0
2,000,0
300,0
760.0
600.0

.

Central Nalional
6econd National

Hlnth Nalional....
FlrstNatlonal
Third National

'

H. Y. Kafl Kichanee
Bowerr
Hew York Connty."".
Qerman- A merlcan
Chaae National... "
Filth Aienue

Oerman Exchanro"
Oermanla.
United Sutes....
Idncoln
earfleld

PUth Nailoual ...'.'.'
Bank of the Metrop..
West side
Beaboard
Btith Natienal.

Western National..
Vint Natton<iJ,B'klyi
-

1,000.0

300,0
260.0
200,C
760,0
600,0
100.0
200,0
200,0
600.0
SOO.O
200,0
160,0
800,0
300.0
600.0
200,0
2,100.0
300,

c
1,896,7
1,538.2

6s

88

Ehode Island—68,

I,oani.

Bvtcie.

>

LetaU.

«

3,484,1
121,2
6,673,6
164,0
l,6Pb.8
301,9

10,'21S,1

3,9',0.8

1.842,7
22,782,4
8,523.8
6,6:u,6

1,850,"
155.4
1,789,4

414,'.;

2,'260.0

149,0
657,9
70,2
505,7
2,109,9
3,851,0
1,6;«,3

1,178,0

. 293,6
7,428,7
677,4
795,4
378,7
260,0
1 83,6
474.2
239,3

1,020,7
43'1,3
986,'-'

834,4
321,:<

675.6
1,693.3
312.0
4S4.7

244,9
778.7
11 '2.9

263.8
1,188,2
282,6
408,1
6,231,1
2,728,8
14^,5
1,7.13.0

649,6
4U8,;

279.3
8.800,0
32.7
160,5
490.5
679,2
277,1
1,038,»
8U0,2
616,9
603.3
630.5

886,0
304,4
638,7
242.0
183,8
350,8
8C0,7

Jan.

Mar,
July
Mar.

1938 Jan.
1431* Dec
28I4 Oct.
211s Sept
60 Jan.

16 Mar.
2a Is Sept
83 Oct.
4238 Jan.

31

Nov

13

Sept
Jan.

44
290

May
Nov

104
21
38

May

Feb.
Jan.
Feb.
Apr.
Jan.
Feb.

6''8

40
19 'a

70
145

BUTKS.

1,639.1

?,(l!a,5

1,38S,1

z.we.e

12'..;

6f)4.fl

212,4
674.0
1,046,9
53:i.O

440,(1

274,9
168,4

270.0
114,7
201,2
101.8
453,7

Oct.

Nov.

•

"

I'^Sno.O
10.988,0

1,896,8

3,08i!,0

5.-)4,2

3,7^6,4
2,698,9
4.098,4
1,892,2
2.f88,0
7,231,3

791,0
831,9

21.1,
177.7

13.434.3
5.091,8
8.631.8
3,678,8
11,640.6
6,414.0
3.442,0
4,912.2
IB.884,6
3,065
8.357,3
2,980.9
4.335.2
•A(4I,H
3.656,0

4,72'.!.8
1,97'--,U

1,229,0
110,8
6.960.0
6,005,8
124,2
4,482,5
•J, 1 02,0
1,191,0
7sl,6
5,027.0
301,9
142,2

23.279.0
20,794,0
1,179,9
19,647,6
6.785,0
1,593.0
2,519,3
28,621,6
3,427,7
1,477.5
3.680.0
2,838,3
2.728,7
]1,13:',9
4,719,-^

2,826.7
2,620,5
4.934.4
4,235,8
8,41 '2,
1,853,6

4,137.8
2,090,0
4,058,0
1,606,0
8,845,1
3,751,0

739,1
2(19.7

763.0
9X8,0

676,(1
71iO,0

498,V
2.358,2
1,0S4,7
24»,1

274,2
1,779.6
927.8
68J,3
312,5
l.fOO.l

370,0
8^0.0
17S.0

524;0
282,1
444,1
196,0
322,0
236.0
180,9
491,7
1.4*5.0
2,362,0
163,6
1,042.1
439,0
173,300,

27,),8

6,1/50.0

1,725,5

l,06.\4l

908.0

289,0

3.B0,->,

Weornit

tu;.7Cip'w!rs

B'klyncro^st'n

utQalt.

*

S

all th^ia

i/i

due to other

Devotit).i\oin'Vn'^aiMrifn;

9

%

$

33,335,9 418.169,1 5.593,2 857,088,8
29,23-1.7 4l6.H2o,2 5.590.0!728,8n5.5
29,645.8 416.919,4 5.r.30,4|791. 100 2
30.932.4 432.32 l,8l5,574,8|7 12.807.7
33,1-20,7 4-27,3l3.o|5,611,0 631,189,»
6,777,3 130.331.3 4,142.8
7.131.2 133.863.5 4,110 7
6,617,8 134.205.6 4,115,5

95.514.6
97,452.1
80,193,8

9^225.0 3,240,0

70,086,1
70.422,5
57 951,6

28.235.0
28,b79,0
29,151,0

87,088.0
06.191,0

68.,

1908

Ist mort., 63, 1922.M.feN
Oent. Pk.N.& E.Hiv.— Stit.

Consols. 78, 1902 ...JAD
Jry Dk.E.B.& Bat'y— Stk.
l«tmort.7« 189.3..J*D

Bank Stock
BANKS.
Imenca

Bid.

202

\.m. Exoh... 147
308
Broadway... 285

Bowery

Batcha'dc
Central

D<-.

97.525.0 3,29 4.0
97,790.0 3.306.0

t Ia3.allig, tor

rtrf^^i.

Bjj.oaaaJ

Ptilla-

hanScs."

180
130

List

110
105
30

Dm- Dock K. B'y & B.—

114

ElghthAv.— Scrip, 6s,1914 105

ICl
210
109

200

42d

250

103
1114

104

95
1K6
102
110
105
140
117
125
117
130
103

Ave
97
95
Ave.— Stock
1909.M&N 100
170
Sixth Ave.— Stock

Nliiih

Se

I

i-nd

Ist mort., 5s,

1st M., 5a, 1937. ... J&J 108
Twenty-third St.— Stock.. 230
1102
iHtraort. 79.1893

240
104

Bid.

310
400
Oerman Am. 122
German Kx. 330
Germaula
330
Greenwich.. 145
Hanover
345
*»llatin
Qarllold

131

Hud. Klver.. 144

Chemical

4400 4800
450 300

Im. ATrad's' 530

BANKS. Bid.
New York... 221"

Ask.
320

N.Y.CoHnty. 603
N.Y.Nat.Kx.|130

121
350

Ninth
:105
Irtth Ward..;i50
N. America.. 16u

360
163
630

lt?5

190

Leather Mfs' 240
37"

260

Manhattan... 178
Markets Fol 2-20
Mechanics'.. 183

185

Irving.

130

Oriental
Pacitto

Park
People's-

iPheulx

188
142

246

M'ohs'Jfc Trs*.
I

2,'251,0

nth Ward... 200

4,139,0
1,320,0
9,«8i.4
3,930,0

Fifth Ave....
Fifth
First
First N.,S.l.
14th Street..

2000
300
2500

J'ttorth

170!» 175

1

,

1

225
195
220

Mercantile... 220

116
[Merch'ts Kx. 121
Metropolitan
7
Metropolis... .!50
lV,5" Mt. Morris .. 250

Murray HIU. 30(1
IbO
Nassaa

1230
1190
:295
2il3

125

Pioduce Ex. 117

iLiuooln

115
150

103

180
230

BANKS.

Ask.

135

61

107"
103
100

111

— Latest prices of bank stocks tins week.

203
150
315
295

242

105
40
113

220

Third Ave.— Stock

115

109
170

At.— Stock.

& ar'nd St. P'ry-Stk.1240
1st mort., 78, 1893. A&O 102
42dSt. Manh.Jt St.N.Ave. 37
l9t mort., 63, 1910.. MAS, 110
2d JI„inoome,63....JJtJ 49
Hou9t.W.St.&l'.F'y— Stk. 200
iBt mort.. 7s, 1894.. J&J 100

4011

Oontiuental .
Corn Eich...
Deposit
Bast Hirer..

99
200

Scrip
BigUtli

Chatham

Columbia
250
Commerce... 184

.

100
27
110
195
100
100
100
92
162
100
108
103
130
115
120
115
125
100

Chase
City
Citizens'

1

3,0.1.3
6,034,0
4.730.2
8,892,9
1,942.8
4.821,1

-iB^71JM^3lJ)_ii2.iAiJi 88.589,9 33.120.7 «27i3 13

apteie.

96,147,(1

Bkn.C'yAN'n58,1938 JAJ
Central Crosstown- Si'k..

6,4l!),0
8.2i'B.2

2.928,0
3.275.5
2,612.6
12 517.3

36,793,7
86,793,7
35,793,7

'24
8'way Ist, 6s, gn
2nd &s, int. as rent., '05.
Brooklyn City- Stock
Ist mort., 68, 1902. .J&J

20.492,9
7.960.0

1,381,1

I

64.642,9 145.803,0,11.541.1
64. 642.9 148.984 9 11.023.9
64,642,9 15J,0j7,5 11,682,2

Atlantic AT.,B'klyn.St'k.
Gen. M., 53, 1909...AJiO
81'oKerSt. dt i'ui. k'. -Stk.
Ist mort., 7s., 1900-.J&J
Br-dway t 7thAv.--St'k..
Ist mort., 53, 1904 .JAV
2d mort., 59, 1914. ..J &J

1.0.34,3

189,7
195,0
143,4
169,6
032,1

I

CLty Railroad Seearitles— Brokers' Qaotatioas.

2.020,0
26,016.0
25,325,4

2J.30S,5
3,210,2

dc

»

21....
28....

8

.'

I

«

ielpbla, the item "

6,3011.8
5.4.i7.9

698,5!
649,61

708,9
436,1
151.2
237.3
300,2
203,1
847,1
248,0
2il,«
140.0

•

I

Boston an* Philadelphia Banks

City,

Loant.

21....
28....

"
"

—

Snrvliu.

PhilB.'
Nov. 14...

1.476,5
!,63c,0
13.9.)2.0

32

7

31. ...1124.30.3.7 407.974,2 83,544,9
7. ...1124,303,7 111.190.2 81,953.0
14.... 12l.30.i.7 40-1.549,5 81,036,2
21.... l'J4.303.7 408.801,^'|S7,97ll,8
28.... 124,303,7 412.453.3 88,689.9

2.48.1,8

1.281,(1

578,0
290,3

"
"

62
72

1913, 104
19131 971s 101
1913, 70
TO"*
....^

settlement, 63

6
99

I

Boston.*
Nov. 14....

6.739,0
14,2H2.9
4.427.0
12,814,7
1,768,5
26,128.1
4.052,8
4,513,4
1,823.4
2,280.0
1,174.8

3,126.0
1,440,7
1,112,8
1.627.1
531,7
1,714.0
1,102.6
458.2
899,8
3,909.0

1,231,0

'•
'•

7,.S2}.4

lH,21o.O
19,485,3
6.846.0
8.367.6
2.886,8
10,731,9
6,070,6
3,129,5
4,705.9
16.005,9

262.5
604,4
471,4

New

i

N. York.*

DtpoiiU.

4.

Tennessee— 68, old
1892-1S9S!
Comiromise, 3-4-5-68
1912,

[CapUat

all cases.

1,060,0

445,2

Mar.

j

New York

week ending Nov.

2.110,0
2,354.0
2,066,5
1,021,0
2,605.3
„ 5»5,0

1,971,4
2,050,3

101
21
80
86
92

Is

58
38
Virginia 6s, old
6s, consolidated bonds
::::"i;:::::
6s, consolidated, 2d series, rects.
6s, deferred, t'st rec'ts, stamped'
31s

1910
1919
cou.. 1893-1894

South Carolina— 68, non-fund.1888
for the

11,430,0
10,088,0
7,310,9
8,57P.O
14,576.8
4.723,0

948,6

Feb.

821s Apr.

S.C. (cont.)— Brown con80l.68.1893i

3
3
93I4

Special tax. Class 1
Consolidated 48

omit two ciphersiOO) in

Surpliu.

Feb

Ask.

Bid.

New York— 6s, loan

Banks.
(00> omitted.)

Sept
!)%8epti

American Express

1893 102
10714I North Carolina— 68, old
J&Ji 30
107m
97
Funding act
1900; 10
New bonds, J. & J.. ..1892-1898 20
97
102-Ti

Bank Statement

City

161s Sept)

Mar.

week

Ask.

Bid.

1906 102
Class B, 58
1906 107
Class C, 4s
1906 93
Currency fundine 4s
1920 96
Arkansas—6s,Iund.Hol.l899-1900
7
do. Non-HoUord 150
78, Arkansas Central KE
3
tonlsiana— 78, cons
1914 105
Stamped 4s
87
Missouri— Fund
1894-1895 104
to 5

14

miscellaneous Stocks.
Adams Express
100,, 145
43
American Bank Note CoTI

NEW lOEK STOCK EXCHANQE VRICES.—STATE BONDS DECEMBER
Alabama— Class A, 4

Apr

;

I

No

Sia

I614

I

36
76

;

1

'

8I4

May
Aug

261s Jan.
55 Feb.
312 Jan.

;

90 July 96 May
10 Sept 16 Feb.
Aug.
1 Feb.
100
1334 Nov.
Jan
Preferred
100
3OI9 Jan.
25 Aug
IiOUisT. Evans. & St. Lo., cons. 100
63 Jan.
Preferred
55 Jan.
100
18 Jan.
liOuisv. St. Loula& Texas
5 Mar.
100 16
85 Jan.
Ualioning Coal
70 July
50 75
Preferred
112 101 Apr. 1091s Apr.
50
40 Jan.
Memphis & Cbarleston
223a Oct.
25
Mexican National
5 Jan.
51s Aug.
100
Morris & Essex
50 'I4319
1371s July 1 481s Mar.
104 Jan. 110 Mar.
K. Y. Lack. & Western
100 107
H. Y. & Northern pref
100 16is 1719 16 Mar. 22 Apr.
Peoria & Eastern
5
June 11% Oct.
100
9
11
Pitts. Ft. Wayne &Chicago....lOO 1521s 157
149 Jan. 153 Nov.
fctttsbnrg & Western
50

&

35
78

146 134 Oct.
45
100 117 119 113 Jan.
lOo!; 80
Am. Telegraph & Cable
7812 Jime
American Tobacco Co., pref ..100] 97
93
9612 Oct.
100
Brunswick Compan.v
9 June
72
Chic Juno. Ey. & Stock Yards. 100
69 June
Preferred
100
81 July
100;
80
Citizens' Gas of Brooklyn
83
7712 June
100
Columbus & Hocking Coal
14 July
Commercial Cable
100 146" 156' 1031s Jan.
ConsoLCoaloI Maryland
30
100; 26
231s Mar.
100 18
Laclede Gas
18% 12 July
Do
pref
100
40 May
Lehigh & Wilkes. Coallf
16
120
16 Mar.
Maryland Coal
100 21ifl 231s 15 Jan.
Mi unesota Iron
100 75
83
68 May
I8I3 Oct,
National Linseed Oil Co
100 21
30
National Starch Mfg. Co
100
22 Oct.
New Central Coal
100
10
912 July
Ontario Silver Mining
100 40
38 Aug.
Pennsylvania Coal
50 2.50 290 260 May
P. Lorillard Co. pref
1001 104
1051s 104 Nov.
Phila. Natural Gas
23 Foil.
50
32i« Nov,
Postal Telegraph— Cableiy
33
35
Quicksilver Mining
100
4
3% Oct.
'22'
Preferred
lOOl 21
20 Nov.
Texas Pacific Laud Trust
lOO]
14 Mar.
U. S. Express
100 4714
40 Nov.
Wells. Fariro Express
100 140
137 Jan.

Aug.
Jan.

778 Sept.

Feb.
Apr.

pref

29
76

{

Oct.

June

161s

&

lOO;
1001
100[
100;

Aug. 185
Feb.
9

165
5

lOO

H

&

nighesl.

Loioesl.

ISO

lOOj

South Carolina
Toledo Peoria & WesternH
Toledo St. Louis & K. City H
Virginia Midland

4319 Sept.
8 lis Aug.

Jan.

Apr.

8I4 Sept.
1734 Oct.
276), Sept.

5
12

St.
St. Louis Alton
T.
San Fran. 1st
St. L.

May

Jiange {sates) in 1891

Ask

Bid.

U Indicates unlisted.

June 140 May
June 1031s Feb.
30 Apr.
Apr.

418 Feb.

12

20
7

10% l\M

.100

Illinois Central leased lines.. ..100,

Kanawlia

Dec. 4.

Inactive Stocks.

Highest.

Loicest.

Inlieites actual sales.)

(t

EeuBselaer

Rallroail Stocks.
^
Alabama & ViokliursU

Des Moines

Jiange {sales) in 1891.

>

.

150
125
10

172
Republic
Seaboard ....!l73
1.325
(Second
Seventh
,123
;8hoe<tLeath.!150
,St. Nicholas. 144
State of N.Y. 109

Third

Aak.
22s
......

140
115
....M
...»•
....—

300
310
136
123
174
....M

..—
..M

160
160
1.6

1011

ll..->

Tradesmen's.
|Uult'dRtat«8 200
120
[Western
Went Side. -iO*

100

1

..

136
...-•

F
J

1

Deoembbk

J
J

THE CHRONICLE.

S, 1491.1

829

BOSTON. PIIIL4DELPIIU AND BALTIMORE STOCK RXCHANOBS.

or hare

Active Stock*.

Monday,

Bnturday
lurday,
IV. •JH.
Nov.

1 IiKllratcu unlisted

& S. Fa (Bunion) .100
Sc Paa.
lUO
BaltliiKiro & Ohio (Itat(J.lOt)

43>4

Atota. T.

43>9

42<)g

I>oo.

43I4
fl'a

103
130

103

TuBidny,

Nov. 30.

•4!«|

AtlautU-

Prteaa — not Per fl«Btnm PrlcM.
1.

42% 43%

Dcr.

42% 48
•82

2il

43%

Hhanui,

48% 48%

4%

•4%....
•82
8ft

Sft

"
100
ISO
"
100
idj
202 202
Boston .b Alhanv Koeton) .10(1
202 202
20 i 802%
"
Boston >t Lowell
100 177
177iiil77»ii 178
177%
"
Boston A- Mulno
160 >i iei"
100 100 10i>x 160 l«l
161
105
10
15>« ISSi •10
"
Central of Mii88.
100 •15
16
15
10
•
•30
•30
30
Preroricd
30
100 SPrt Sf,
82
"
Otilc.Itiir..«Qnln.
100 101>4 IOII4 lul 101>« 101%
101% 102
76'4 70^
75^8 70's
ChUi. Mil. A .St. P. fl'hU. J.IOO
76
76% 711
76%
•44
48
48
Chk'. & W. Mli'li.('i{o.«(o)i;.100
48
•5 >t
'•
CUvn. * Canton
100
6
'5's
6
6
"
20
Hi% 20 >( •19%
I'reffired
100 •20
20
"
74
Fttctil«tir« nref.
100 74 \ 74^
74
74
74
74>s
74
"
25
Fl. it Pcrc Marq.
100
25
"
Preferred
100
73
Hnnf.A I!r.Top.rP//«a;. 50 "24
24'8 25'4
24% 24%
"
47'« 47>*
48
I'referred
50 •47
47 >9 47% 47% 47%
"
49-'% 49%
LehlKh Valley
49% 49 'e 19% 49%
50 40'<B 49^
120
Maine Central rBoWon;. 100
120
il9
119
120 120
"
Mexican Centraa
100 '2i" "21"
20% 20% •JO
20'a ^Oht
20%
"
38 14 38 >4
H. Y. i N. Eng.
100 38^ 38^
38%
37% 38
"
*98
100
Preferred....
100 *»8 100
100
•U9
100
Northern Central (Ball.). 50
70
25-11 20
25 >9 25%
Worthern PaciHofPAi/a.AlOO
25«« 25 <«
25 >4 25%
"
Preferred
71% 70% 71
100 71
69% 70'e 69% 70%
164 164
Old Colony
fBo«<on>. 100 163
164 164
163>4 163%
Penn.sylvanm.. (Phila.). .50
5^1 54% 54% 54% 54% 04%
54<s 54^
*34i8
•34
"
Philadel. & Efle.
50
35
34%
l9t piTferred

i

"

lU*,., 19»(.
19
50 10»i« 197,
50
41
lOO 41% 41%
41
41
224 224
United Co9.ofN.J.rP/ii7o.;l00 '324 221
224
WaatemN. Y.&ParP/ii'a..l 100
8
'7>s
HHi

Phlla.>tRea<lin)f

19»i,

21% Mw.

5«

4 '4

85

20'>

ISO

30 127

202

202

113
40 102

JUK.
Jan.

178

....

164% 105
•15
•30

Itt

102% 103%

76%

'2o;

178% 178%
164% KIM
•15
31
108

43
'5% 6
20
20
73
75

20%
38%
100

68%
23%
70%
163

30
41

1>»

21

,

ro3!

28

m

163

4.'.%
lll>

'•

40-g

41>s

164

19%

18% 19% 35,i96

41%
224

40% 41%
224

8

37% 87'* 87%
9614
97
96
96%
195
199% 198 199
37% 3714 37% 38% 39
39
14% *M'4 13
14% 15% 16%

97
196

8

8

8

4

3
»

,.

btniU 19-

25

»ept.28
Jan.
Mar. 19 27% Sept. 19Jnly 30 86% Apr. 38
Jan. 3i 2-«VHept.a2
Mar. 20{ 49 tl«pt,31

Jnne

8.'>%

51>4ti«nl.X2-

4!

Nov. 12

U

Feb.
8ept.l9-

144:

25

3i
July 31

42% Sept. 18llO%Jaa. IS
A11S.SI

71

30%S«pt.aX.

12IS|.rAUK- 4

!l»,,8ept.21

5

Au(f. 31.

4%

Pell.

7%

32 Vi Auir. 11 02% Apr. 28
1 222
July 31 230 Feb. 6
103
6% July 31 9% Sept. 19

3,332

....

-:%

8

.

>•

a

.

08% July 31 78%a«pt.31
53! 101
Nov. 4 188% Apr. Z8
3,738 49% May 19 56 Oct. 2»
24 July 30 35% Oct. 12

Hit

....

7

ft

13
19

,

.

,

*

23,5.^01

19%
224

1:^

2,611. 31
231, 94 Jnly 31
251 63% June 17
7,2001 20 >4 July 30

54% 54%

4I>«

I,

,

17% July

5,340

04% 51%
19i,

17%

lrf2i

275j 43 '4

f/Jos(o)i;.

Union PaeiUc

Mar.

65

24

I

100
Mar. 14
83 17 Mar. 14
313 00 >4 Aug. 14

75
20

49% 49%
120
119%
21% 2u% 2
38% 3714 38
100
97% 100
68%
25% 24% 25%
70% 69% 70%

164

146

•5<*

Apr.
Apr. If
Jan. i»

UU

a 2<it
IV •<3% rah.
J09% Pub.
'.'0%JBa.
K.b.
Nov. 30 I'i

12.593i 75% Mar.
6,900' 01
Jan.

•19%
70

Oot,

7 131

July 10
Nov. 2

I.-.

45

24% 24%
47% 47%
49% 49%
120

.>7

31

101%

76% 70%

70''i.

3.205
5i

»

4 101

172% June

II

Ifl

47%fl«ptax
0%AlUt.Si

to

June 30
Mar.
Jan.

130

'.'.'.'.'.'.

INI.

nisiMM.

Ix)»e»t.

34,267

4%

prcffrred

Bummit Branch

lUait« of MkiM ta

Week,

Frldny,
Dec. 4.

3.

43

6%

•4%

•4%...
•83
8US1
128<4 130

•102>a 103

BiUM
of tke

Thursday,

Wnltiewtar,
Uev. S.

mdcellane"!!* Stock*.
88^8

Am.8iii,''rItcfln.1irBo.«(on>...,
I'reiVrreil
"

9ttia

100 200
3714
Bo.»t. A ^Iontaua
"
25
Butte A Boston..
"
14
25
Calumet <t Hcela
"
25 260
Canton Co
57 "ii
rBn«.;.100
"
Consolidated Gas
100 43
Erie Telephone (Boston). 100 '43%
Lamson .Store Ser. "
18
50
Lehi'hCoal&Nav ThU., 50 4S'8
Bell Telephone

'•

..

N.EnK.Telephone/yJist'n^lOO

95

14
258

14

43
43 >a
"17

18
48=8

47 '8

48

26>s

2«>i

WeetEndLand..

25

17'8

96

199

37
•14

14
260
60
43
44

257

228

•56

42% '42%
•43

260
•37
05
42% 43

258

44

43

18

48%

17%
47% 48
26% 26%

"Tt'i'i

I6I9

86% 87%

85>4

06

198'3 200

18

48>4

10% 16%

87%
96

50

(Pliil.). 100

"
"

88ie

96
200
36=8 37

37)4

2C0
60
43

.(Bost'n) 25

Preferred
*

87^8

•49>a
•17Hi

North American.

Thamson-Wu Kl.

98'8
9i>>9

200% 199

la's

48 >4

•49%

48 <s

1744

48% 49%
26% 26%
16 >a 16%

4SI4

•49%

258

Prices of Dec.

Ask.

Bid.

4.

Atlanta & Charlotte (Ball.) .100
Boston & Providence {Boston) .100 231

Camden & Atan tic

pf. (Phila.)

"
"

Ist preferred

2d preferred
\/entral Ohio.
Charl. Col.
Aususta

(Ball.)

.

Little Schuylkill
(P/iUa.)
50 67%
Manchester & Law.. (Boston) .100
Maryland Central
(Ball. ) 50
Mine Hill & S. Haven (Phila.) 50 53%
NesfiuchoniuK Val.-..
"
50 53
Northern N. H
(Boston) 100
North Pennsylvania. (Phila.) 50 "ii
Oregon short lAu<i...( Boston) 100
23
Parkcrshurc
(Ball. 50
Pennayl vaula & N. W. (Ph ila. 50
RaleiKh & Gaston....
(Ball. 1100
Kutlaud
(Boston) .100
Preferred
100 48
,
Seaboard & Koanuko. (Bait.) 100
•
1st preferred
100
We.1t End
(Boston) 30
73%
"
Preferred
50 86
West Jer.wy
(Phila.) . 50
West Jersey & Atlan.
50
Western Maryland..
(Bait.)
50
"
Wllm. Col. & Augu.sta
100 107
"
WUminKt"n&Weiaon
100
.

.

Wiscou.sin Central... (l>o«/on) .100

Preferred
Worc'st.Nash.&Kooh.

•*

100
100

"
MIHCKLLASCOUS.

Allonex Minintt
Atlantic Minui!;

.

.

50

'ai'ij

City Pa.ssen:,'crKR... (Ball.).
State Gas
(Boston).
Boston Lanil
"

Bay

Centennial Miuiug...
Fort Wayne IClectric^
Franklin MlniuK

Frenchm'n'sUayL'ud
Huron .MiuiiiK
Illinois Btecl II
Kearsaru'e Jlininjr

1%

"
"
"
"

60

5

'•

25

"
"

100
25

I

I

21
10

I

i

3%
11%

S

1

1893, AAO
1911, JAD
191 1, JAD
Improvement M. 6 g., 1897, A.SO
Con. M.,5 g..st:impeil.l9J2,MAN
Phil. Wilm. A Bait., 18.1917, AAO
Pitts. C. A St. L., 78....1900, FAA
Po'keepsie Bridge; 6 g. 1936, F.tA
8chuyl.K.E..Sldc,lst5 g.l935, JAD
Steuben. Alud., Ist ui.,5.s. 1914, JAJ
18S)4, AAl)
United N. J., 6 g
W'arreu A Frank.. lst,78,lS96.KAA

Louls.,Ev.iSt.L.,l8t.,0g. 1926,

5

70

,

Bonds.-Bilt'more.«';f.
Atlanta

...,

1

90

AiO 107
1936, A&O}
19.!o, A&O
1923, J&D

I

Balttmoro

K
Mar. H. & Out., 68
Exten. 6s
Mexican Central, 4 ir... 1911, J&JS 71%l 71%
36
Ist consol. Incomes, 3 K.non-cum. 15
2d eonsol. Incomes. 3s. non-cnm.
21%
N. Y. & N.Enif., l9t, "9, 1905, JAJ 120 1122
190.5, JiJ
1113
Ist mort. 6s
1902, P4A
'103
2d mort. 6s
2d mort., scaled, 5s. . 1902, FicA
C.,Con.6B.1920.A40§
Ogden. & L.
1920
Inc.68
190i MiN 108
Rutland, Ist, 68
1898,F4A
2d, 5s
Bonds,— Philadel ihia ,,, ,
Allegheny v'al.,? 3 los, 1890, JiJ lll%i,

63
25

16

3%

3%
12%

,

Atlantic City l»t 5s, x., I919,MAN
Belvidere Del., Ist, Os.. 1902, J&D
1900, K4A
Catawl.ssa, M.. 78
Char. Cln.A Chlc.lst 3g, 1947, O—

102%

Pitt*.

t

4%a

,

I

,

AAO
1935. AAO

Oblo4g.,

Conti.. 5 g.

. .

1925,

FA A

,

110

102%
112%|
90 100%
1

84% 84%
6*% 69
00
3d

50*4,

36'*

100%
1-27

lis"

118
105

108

100% 101

115%
63>«

idi"
104
101
103 "4

110

100>»

^

08%
106

SUiten Islanil. 2d, 5 g.l926, JAJ
Bal.AOhio 8. W..lst,4%g. 1990, JAJ idi%l
98 100
CapcF.AYad.,8er.A.,6g. 1918. JAD

1916.JAD

1916. JAD
1930, .MAS
Charl. Col.AAug. Ist 78. 1895. JAJ
Ga. Car. A Nor. Ist 5 g..l929. JAJ
1900. JAJ 114
North. Cent. 6«
1904, JAJ
Bs
1926, JAJ 10'!%
Series A,5a
1923, AAO 114
4%8
Olf.AClar«.,lut.gu.,6 g.l937.M.tN
Plcdm.A Cuiu.,lst, 5 g. 1911, FAA
Pltt.s.AConuells. Ut78. 1898. JAJ
Virginia Mid., 1st ds. 1906. MAS

100
100
1011*

106
103

114%
iioai
ii««»

iiV ii«

. .

;

]

< ,

1914, y-J
1897, JAD
General mort. 4%», if.l924,lj—
Loh Igh Valley , Ut 68. . 1 898, J A D
1910, .MA8
2d 78
1923, JAD
CousoLO
Lehifjh Nav.
2d 68, gold

120

,

I»t7s, 1907, .'kJ
1900,

8orioaB.,6g

'

^17

A

A

3.

112%
106%
123

Series C, 6 k
Cent.Ohlo,4%g

.

112

192 JAJ iia'
1 900-04, Mi8
Connecting. 6»
Ist,
7s.l905,FJ(A
120
Del. & B'd Br'k,
Ea.ston & Am. l»tM.,5s. 1920, MAN 107««
Elmlr. & Wllm., 1st, 0*.1910, J*J.
lluut. & Br'd Top,Con.5s."93,AAO ib'r%
Clearfield &.Ietr., Ist, 6s.

A Charl.,

Income 6s

92

1

Bid. |A«|r.

.

2d, 78
Consol. mort. 7s
Con.sol. mort. 6 g

.

2

\

I

•

6%
l2%l 13
23
12% 12%
15

L.Rock&Ft.8.,lst,7s..l905, J&J
2m., 2— 6

74%
86%

10
10

25

I

K.C.Mem. <S:Blr.,l«t,.Ks,19--'7,M.t8 5
K.C. St. Jo. & V. B., 7s.. 1907, J&J ,114

I

11%

1919. Var
Feuna. Conaol. 58, r
1913, JAD
CoUat. Tr. 4% g
Pa. & N. Y. Caual,7s. .. 1906, JAU
1939, AAO
Cousol.Ss
Perklomen, l8t »er.,5s.l91S, Q-J
PuUa.AErlegon. M. 5g..l920, AAO
..1920,AAO
Gen. mort.,4K
Phila A Read, now 4 c. 19.58, JAJ
Ist pref. income, 5 g, 19'>8, Feb 1
2d pref. income, 3 g, 1953, Feb. 1
3d pref. Income, 3 g, 958. Fob. 1

1

06"

18

25
25

Thom.Europ.E.WcldTt (Boston) 100
'•
100
Water Power
"
50
tr. ree.U

I

47%

42

25

.

Bonds.

I

24%!

49>4

42

Inactive stoclcs.

.

IT'S

•

49

26% 2«% 26% 26%
16% 16% •10% 17
X Ex dlv.

1

40

(Boston).

49

49

43
18

16% 16%

49

Mar. 31

July 31 28O

49%.Tan. 27 62% Sept. X
Anx. 1 49 Jan. 14
57 42% Nov. 11 50% Mar. 31
Mar. 30 24 Jan. B
20| 15
4891 44% July 31 50'jOct. 23
May &
100: 47% July 30 53
&
785, 11% Juno 23 21% Oct.
2,924i issuing. 5 02% Bept. ai
343| 24% Aug. 14 26% Bept. 21
820 14 Nov. 2 2^1% Apr. 29

48%
49% .50
16% 16%

Bonds— Boston.

)
)

43

I

.

170 240

48

lAt.Top.&S.P.lOO-yr. l;r.,li)S9, J&J
100-year income 5 jr., 19S'.).Sept.l
Burl. & Mo. River Exempt 6s, J&J'
1918, J&J
Non-excmi)t 68
lOlO.JA'J
Plain 4.1
Chic. Burl.& Nor. l8t5,l!»-.'U, A&O
1!)18, J«kD
2d raort. 68
IS96. J&U
Debenture 6s
Chic. Burl. & Qulucy 4s. .1922,Fi:A
1U19, AiO
Iowa Division 4.i
Chtc.&W.Mleh. een. 5s, 1921, J&D
.Consol. of Vermont, 58.1913, JAJ
iCurrent Elver, 1st, 5s. .1927, A&O
Det. Lans.&Nor'n M.7«. 1907, J&J
Eastern 1st mort. 6 (j.. 1900, MAS
Free.Elk.&M.V.,lBt,6s.l933,A,fcO
Unstamiwd l.st, (!a. . .1933. A4:0, jl20
!K.C.C.iSc8prlnK.,l8t,5K.,1925,AiS:0^
95
K.C. F. S.&M.oou.Os, 1928, MAN Moo's 108

"
&
iJonnectient & Puss. (Boston) .100
*'
Connecticut River...
100 224%
Delaware cSiBound Br.(P/iita.) .100 157 160
Har.Ports.Mt.Joy&L.
50
Kan. C"y Ft. B.&Mem. (Boston) .100 30
"
Preferred
100 105 i'13'
"
K. Citv Mem. & Birm.
100

39%
13%
260

"i'ool

•49%

16% 16%
49%
26% 26%
16 '4 16%

4,121 .laVi Jan. 17 93"«8«'pt.ai
831 84% Mar. 11 97% Sept. 2»
220 Jul 14
1,109 173 Auit.
4..543 36% Nov. 30 50
Bept. X
1,505 13 Nov. 7 30 Bept. 2

43% 43%

iWestlDK. El.

30
50 25
9
50
50 "56%
50 56
50 53
100

.

'•

Catawisaa

90

260

43% 43
43
18
18
48% "48% 48%

Bid and antted priccp; no sale wiis made.
Inactive Stocks.

260
65

87%

1911

2d8erlo8.0»
3d8erlo.%«8
4th Series, 3-1-58...
3th Scries. 5s

West Vu. CAP.

1st.

MAS 110%

1916,MA8
l'l!l

M.ts

- 101%il02fl
lO?"! 108

ti

......:,West'l V.C. Consol. 6
WII111.CUI. A AUX..0S..191O, JAU
.;

'

UISi:EI.I..VSEl>lS.

'.

108%

.

113
100
110

Baltimore— City Uall6s. 1900, Q—
1900, o -J
Funding 68
West Uaryl'd BR. 6»..1902, JAJ

Water 58
Funding 5s
Exohango 3%s

116

1916, .M&.S
1916. M.t.v

Morris Canal fuar. 4. (I'hila.)..100
i-i-jVil""."!
Preferred KUar. 10
100
200
19,M». JAJ]
103
134><
134
28%' 28%
Osceola Miniui:
(Boston). 25
70
71
Virginia (3utoi3«, now. 1932, JAJ
124%
Pewaliic Miiiiui;..'...
"
25
105
177""
JAD
1900,
Che8aiieak«Oaa,«i<i
78....1-<9ii.
.MA.V:
110
.VorthPeun. 1st,
Pullman Palace Car..
"
100 170
113%
1910, JAU
Consol. Oaa, U«
1903, JAJ V2»U
Qulucy MiniuK
Gen. M. 78
"
25
90
1939, JAJ
5»
130
Tamarack MiniuK....
"
23 15 i' iif" Pennsylvania gen. 6»,r.. 1910, Var
191.3. AAO'
I90-.. V;irl 123s 124'« E«|ullable <ia«.6«
Thoins'TiKIc'-.W- ".•<l
"
C.)n<ol. 6». c
l(Mll
.

.

.

I

'

gyM

UiillBied.

i

And accrued luteresUi

t

Laat prio* Uus Wfl^k.

.

.

THE CHRONICLE.

830

(CoutinaeA\.-ACTIVE

NEW YORK STOCK EXCHANGE PKICES

ifange (tola) in 1891.

Railroad ABD

MI8CBI-.

BONDS.

/»v<er'«(

I'riet

6438 Dec.

At.Top.&8.F.— 100-yr.,4g. 1989
1989
100-year income, os
Atl. & Pac— W.D. inc., 68.1910
93'
1
Guaranteed. 4 K

66^

.

.

con.,7s, as'd . 1900

Am. Cock & Imp ,58.. ..1921
Central PaciHc— Gold,68..1898
Ches. AOhio— Mort.,6 g..lJll
1939
Ist con8«l.,5 g
B.&A.l>iv.,l8loon.,2-4)!.198B
Ches. O.

&

(T

1922
Denver Division, 4s
Nebraska Extcnaion, 48.1927
CWc. A E. 111.— lst,9.f.,68.190^
1934
ConBOl.,6g
general congol. Ist, 58.. 1937

1021a

OC

73
75

Oct.
Oct.

114

Juno

93>4Dec.

AC—

&

4314 Oct.
92 "a Apr.
127 Deo.
114 Deo.
116 Nov.
10712 Oct.
101 >4 Dec.
106 Nov.
105% Dec.
87 Feb.
112 Feb.

.1

Ist, 8o. Min. DiT.,68....1910

lst.Ch.&Pao.W.Div 58.1921
CUic. & Mo. Ri V. Div., 58. 1926
Wis. & Minn. Div., 5 g..l921
1914
Terniinal.o g
Gen. M.,4g., series A. -.1989
MUw.* North.— M.L., 68. 1910
1913
Ist, con., 6s
Chlc.&N.W.— Cou8ol.,7B..1915
1902
Coupon, gold, 78
1929
Sinking fund. 6s
1929
Blnkiug fund, 58
flinklug fund deben.,5s.l933
1909
25-year debenture, 5
1926
Extension, 48
,

U21bNov.
139% Apr.
127% Feb.

U5

Feb.

109
109

Sept.

Foo
105% Apr.
100

Jan.
lOCa Jan.
127'4 Feb.
lOl-^Oot.
103 May
120 14 Nov.

Chic. Peo. & St. Louis— 5 g. 1 928
Chic. R.1.& Pac— 68, coup. 1917
Extension and col., 58. . . 1934
Chic. 8t.L.&Pltt.-Coii.,5g. 193-2
Chic. St. P. .M. &0.— 63....193U

omiMay

& Canton—5 g. .191"
I.— Consol., 7 g.l914
General oonsol.. 6 s
1934

Cleveland

&

132
121

Oct,
.luly

Feb.
Mar.

aC.C.&St.L.- Peo.&E.4s.l940
Income, 48
1990

June 81% Sept.
June 29 <4 Sept.

Col. CoaJ &Iron— 6g
1900
Col. Midland— Con., 4 g...l940
Col.H.Val.&Tol.— Con.,5g.l93I
General, 6 g
1904
Denver & Rio G.— 1st, 7 g. 1900
Ist consol., 4 g
1936
Det. B. City & Alpena,— 6 g. 19 13
Det, Mac.& M.— L'dgrants. 1911
Dul. & Iron Range- 58
1937
Dul. So. 8h. & Atl.— 5 g. . . . 1937
E.Tenn.V &G.— Con., 5g. 1956
KnoxvUle & Ohio, 6 g. . .1925
Eli«. Lex. ABigSan.— 6g.l90'J

106

94>aNov.
1191a Feb.
83 Feb.
961a Feb.

W. &Denv.City—6g..l921
GaUH.&San An.-W.Dlv.lst,5 g.
Ft.

Han.

i

A St. Jos.— Cons.,

68.1911
nilnois Central— 4 g
1952
Int. &Gt. No.— 1st, 6g....l9l9
Coupon, 6 g., trust rec..l909
Iowa Central— let,5g
1938
Kenoaoky Central—4 g
198T
Kings Co. El.— Ist, 5 g....l925
lAclede Gas— l8t, 5 g
19 19
Xjake Erie & West.— 5 g
1 937
L. Shore— Con. cp., Ist, 78.1900
Consol. coup., i!d, 78
1903
Long Isi'd- Ist, con., 5 g..l93l
General mortgage, 4 g..l938
Louis. A Nash.— Cons., 78. 1898
N.O. A Mob. 1 8t, 6 g
1 9.30

_

do.

8g
6g

2d,

E. H. AN. 1st,
General, 6g

Jau.

7 1 la Sept.
89% Oct.

35%

Sept.

100 ig

May

99 Feb.
Nov. 104 Jan.
July IO918 Apr.
Get.
95 Jan.
Aug. 105 Jan.
July
97 14 Oct.
117 Jau.
97 Mar.
116 Sept.
76 Jan.
87 May
821a Jau.

lOOiaMay
82i3Jan.
lOO's Jan.
122% Jan.
124 Jau.
116 Sept.
921a Jan.
11568 Mar.

1184 Nov.
112 June
113% Oct.

1930
1919
1930
1940

117

Unified, 4g
LoulB. N.A. ACh.— l8t,68.1910
Consol., 6 g
1916
Louis. St. L. ATexas— 6g.l917
Uetro. Elevated— 1st, 6 g 1908 „ ~
1899|MA
„?<\:6» •--

May

85^8 Mar.

112

Sept.

101

Deo.
Jan.

88

11513 June
108 Apr.

Mlch.Oent.— lst,con.,78..1902'M

A N liOijb,
June il24ia Apr.
1902, M& "
luo Nov. 1081a Oct.
Mll.LakeSh.AW.— Ist,6g.l921 M A N 120
117 Juno, 127 Apr
Exteu. A Imp., 5 g
19291'' A
97 Aug. 101 'b Jan.
Mif.&T.-l8t 48,g
199o!j a
74% Jan. 8u Nov,
2d 48,g
1990 P A a.
36 July 48 Sept,
Mo. Paciflc— l8t, con., 6 g.l920 MAN
102 Dec. Ill Mar.
8d,78
1906IHA N
105 July 116 Apr.
Pao.ofMo.— l8t,ex.,4g.l938iF A A
91 June 100
„ 2<* extended 58 ....1938 J A J 104 a. 991a Jan. 103% Jan.
Nov.
Mobile AOhlo— New,6g..l927 J A D 115 b. 112
Jan. H713 Apr.
General niortKaee. 4s... 193« M A 8 67
62 Julv Tj) Feb.
Consol., 5s..

I

I

Bote—" b "

indicates price bUl

;

'

a" price ashed; the Range

NFWTORKSTOCK EXCHANGE
SECURITIES,

Bid.

Bait.
5J'

^'d

iroll.

Hh

«• prtu. maa/i theM

Period.. Dee. 4

MAN
MA
MAN

Midland of N.
Norf.

J.,

6 g.... 1910

A W.— OOy ear, 5
1

g

.

1

. .

—

.

St L. A IronMt— l8t7s...l89J
1897
2d,7g

MAN
TAJD
A

5i)iaa.

53

A J
AD
A J
A J

J

J
J
J

MAS
MAN
J A J
Feb.
Feb.
Feb.

May

actual

sale.s only.

Bid.

lOlia

84

90
93
93
11713 120
113
9816 99
<m

Feb.

112 May
110 la Nov.
03 Feb.

Ju e

581a Jan.
103 la Feb.
74 Feb.

lOSHSepf. 10 May
Aug. 100% Mar.
1

IO8I4 Deo.

109 "3 May
103 Feb.
74''8 Apr.
66
83 Got.
741a Aug.
71i4 0ct.
4713 Mar.
32 .Mar. 52 Oct.
20I4 Mar.
39i>8 Sept.
80
81
Feb.
751a Jan.
108 h. 1071a Sept. 118 Jan.
*75 b. 78 Aug. 911a Jan.
83
82 Sept. 100 la Jan.
5II4
49' 3 Deo.
75 Feb.
78=8
79 NOV.
7314 Aug.
IlOifl
105 Jan. 114 Mar.
92i9Jan.
89
821 i Mar.
110 b. 108 June 110% Mar.
105 lab. 101
107
Jan.
Aug.
10214b, 100 la Aua.
05 Jan.
104 Nov. 108% Apr.
1051a
103 b 1031a July 108 Nov.
85 b, 81 May
93% Jan.
9.7

68I4
8418
6918
5OI3
36S8

b,
b,

114

la a.
b.

J.u.
Jan.

1

umoot

June
108
IO6I9 June 11313 Apr.
107 June 114 Apr.
103 July 1 10 Jan.
64% Nov. 7II3 Oct.
25
114

12014b. 111

97 lab. 97
85
HO
62 b. 61
62 b. 61
97
93
106 b. 102
20
13
102 b, 100

Aug.

33

'4

May US

Got
Jan.

July 1 20 Nov.
July 102 ifl Feb.
87 13 May
Jan.
74 Feb.
Oct.
Oct.

73iflFeb.

Aug. 103
Aug. 103
29
Jan.

Mar.
Oct.
Sept.

Sept. 103% May
Mar.
XlOiab. 1091a Apr. 114
99 b. 97 "a Oct. 101% Mar.
04
Apr.
1
101
July
1031a

90

a.

93
82

b.
b.

82
84

Aug.
Aug.

811a Oct.

27

94
961a
9013
35 14
9a 13

Jan.
Jan.
Apr.
Jan.

Aug.
Feb.
Nov.
July 109 Nov.
105
1021a July 107i3Jan.
7514
7m! July 77 Jan.
94 Nov.
91 b. 79 July
112 b, 110 Sept, 1 nig Mar.
105%b. 103 Sept. 1 1 1 % Feb.
74 Apr.
63 Jvov.
671a
106 lab. 10458 Aug. HI Jan.
106 b. 107 July log's May
108 b. 106 Sept. IIII4 Mar.
106 14b. 104 Nov. llliaApr.
102=8
93% Aug. 106>« Jan.
74
66 Aug. 80% Feb.
82 Jan.
72
61 Aug.
10914
106 Jau. 112 Oct.
b.

b.

91
103

b.

19

79^6

42

b.

1021a

97 lab.
31
IOOI4

92%
40

a.

7413 Dec.
74 Dec.
961a May
70 Feb.

8913 Feb.
90 Feb.
10358 Oct.

80

M»y 51i4
991a July 103
96 Jan. 101
27 July 361a
98 Jan. 100%
27

88
28

BONDS— DECEMBER

July
July

97
47

Ang.

8epi
Jan.
Feb.

Sept
Apr.
Jan.

Bept

4,

SECURITIES.

Bid.

ABk.

I
Burl.
Ced. Rap. A

Minn.

100

Mar.
Feb.

Mar.

Latest price this week.

Ask.

iijo

11713 Oct.
I1414 .Mar.
1314 Feb.
85 '8 Jan.

107 July
lOliaJuly
55 J .n.

MAN 7434a.
MAN 102
74

<

132

1

lOliab.

29'8b.
MAN 109
92

MA
MAN

1

106 Deo.
7«ia July
8414
761a July
101 Sept. 109
L04 July 110
1084 July 1 12

July
Jau.

A

MAS
MAN

109

b.
85
108 14
102
I06%b. 100

lU8>«b.

•90

i*b.

MA

J. 11.

July

I

A
1933
reduced to 4ia g
do
Montana Extension, 4 g. 1937
San A. A Aran. P.— lst,6g. 1916
1926
Ist, 6 g
Seattle US. AE.— l8t,gu. 6.1931
So.Car.- Ist, 6 g., ex coup. 1920
Income, 6s
1931
1909-10 J A J
80. Pac, Aii2.-6g
1905-1'^: A A O
80. Paciflc, Cal.— 6 g
1938 A A O
1st, consol., gold. 5 g
19 U J A J
80. PaclJc, N. M.— 6g
Tenn.C. I. ARy.—Ten.D., Ist,6g A A O
1917 J A J
Birm. Div., 6g
2000 J A D
Tex. APao.— Ist, 5g
March
income,
5
2000
2d,
g
1924
Tol. A. A. A N. M.— 6g
AGr.Tr.—
J
A
6g....l921
Tol.A. A.
A
1935
Xol. A Ohio Cent.— 5 g
A
West.—
A J
4g
1917
Tol. Peo.
Tol. St. L. A Kan. C.—6g.. 1916 J A D
Paciflc—
6g
Union
...1899 J A J
Sinkinir fund. 88
1893
Collat. trust 41a
191s
Kansas Pacitto— Ist, 6 g..l895 F A A
l6t,6 g
1896 J A D
N
Denver Div. —6 g
1899
1st consol., 6 g
1919
Oregon Short Line- 6 g.. 192:i F A A
Or.S.L.AUt'hN.— C0U.5 g.igiS) A A O
U.P.Deu.A Gulf con. 5 g.l939 J A D
1937
Union Elevated— 6 g
Virginia Mid.— Gen. m.,5s, 1936 M A N
do
stamped guar
Wabash— 1st, 5 g
1939 .MAN
1939. F A A
2d mortgage, 5 g
Debenl. M.. series B
1939
A J
2361
A J
West Shore— Guar.. 4s
A J
West. N. Y. A Pa.— 1st, 5 g. 1937
A O
2d mort., 3g., 5sc
1927
West. On. TeL—Col. tr.,53.1938
A J
1937
A J
Wis. Cent. Co.— Ist, 5 g
Income. 5 a
1937

127i4Apr.
10 Jan.
123 Mar.

1

113

J»...

MAN
111
MA N 111
A J 108
MAN 673s
30

Ist consol., 6 g

May

10314 Mar.

90 June I11OI9 Nov.
94 J.hii. 101% Deo.
llliaMay 1 6 Sept.
as June 100 la Feb.

58

A J
A J
A O
A A
.MAS
A J
A O
MAN
A J
A A
F A A
MAM
J A D
A A O
-MA N HI b

J
J

Dec.

107ifl

I

50
90

b.

99i8b.

A A O 63%

Cairo Ark. A Texas. 7 g. .1897
Gen. R'y A land gr.,5g.. 1931
8tL. ASau Fr.— 6 g.,Cl.A.190(i
1906
6 g., (MaasB
1906
6 g.. Class G
General mort., 6g
1931
St. L. So. West.— Ist, 48, g.. 1989
2d,4s, g.,inoome
1989 J
S.P.M.AM.— Dak. Ex., 6 g. 1910

SECURITIES.

w««k.

A J 92 b.
A A O 11114b.
J A D 106
J & D 79ieb
A A O 77%
MAS
103 "ab.
J A J 107 1«
J A J llOiib.
J A J IlliaO.
J A D 107

1936 A
Consol., Dg
Rlch.AW.P. rer.-Trust,6g. 1897 F
Con, Ist A col. trust, 5 g. 1914
Rio a. Western- ist, 4 g..l939 J
B. W. A Ogd.— Con., OS.. ..1922 A
St. Jo. A Gr. Island- 6 g. 1925
St. L. Alt. AT. H.— Ist, 78. 189^ J
1894 F
2d pref., 78

B. AO.S. W., Ist, g., 4138... 1990
Mori. Riv., Ist g., g. 5a. ... 1919
'leni'lOhio Reor.— 1st, 4133. 1930
Bost. H. Tun. A W.— Deb. 58. 1913
Brooklyn Elevated— id, 3-38. 1915
Bull.

llSiab.

J

Higlieat.

128

95=8 Sept.
115
Apr.
Jan.
l<i9% June
132^.. Oct.
137% Feb.
103 June 10713 Apr.
-'0
115 Ja .
Sept.
96 June 10714 Nov.
110 Mar. lift Feb.

990 J

General, 2d, coup., 6 g..l933
General, 3d, coup., 6 g..l937
19^9
Oonsol. uiort.,5g
Chic. & X. P.— St, 5 g ... 1 940
North. Pac. A Mou.— 6 g. 193i?
North. Pac. Ter. Co.— 6 g.. 1933
Ohio A .Miss.- Cons, s.f.,78. 1 898
1898
Consol., 73
OhloSouthern— l8t. 6 g...l921
1921
General mort., 4g
Omaha A St. Louis— 1 g ..1937
Oregon Imp. Co.— Ist, 6 g. 1910
1939
Consol., 5 g
Ore.R.ANav Co.— 1st, 6 g. 1909
1925
Consol.. 5 g
1921
Pa. Co. 41^ g., coupon
Peo. Dec. & Evansv.— 6 g. . 1920
1920
Evansvilie Div., 6g
1926
2d mort., 5 s;
Phlla. A Read.— Gen., 4 g. 19os
1958
pref.
income.
5
iBt
g
1958
2d pref. income, 5 g
income,
3
1958
3d pref.
g
Pittsburg A Western— 4 g. 1917
Klch ADanv.— Cou.,6g..l91.T

PRlCE^-iContinxusA).—INACTIVE

118

1

AA

124 July
102 la Oct.
100 Nov.
12314 Aug.
104 Oct.
11614 Nov.
89 Julv
109 July
125 July
10712 >ov.
>«.

North.Pac— Ist, coup., 6g. 1921 J A J I1718

made up from

1S91.

1,

Loioest,

&

Roch. A Pitts.- Gen., 58. 1937
Roch. A Pitts.— 1 Rt, 6s . . 1921
do
Con8oIidat'dl8t,63. 1 922
1925 1061a 10"ia Burl Ced. Rap. A No.—
1st, 58. 1906
I98R '108
nnnaol. .» ••nllat. t,p.i»t, ii^ .. 19S4
are the latMt quotation* made this

A Ohio— l8l, 6s, Park B.1919 M7

Oon». mort..
',

82

Naah. Ch.

JAN.

Olos'ng Range (ttUei) <n 1891
MiSCEL. BO!n>g. Inter' si Price

Ask.

Railroad Bondg.
(itoek B:rckange Prices.)
Alabama Mid.- ist, g., 6s
1928
Atlantic .% Dan..— 1st g., 68. .1017
AU. A Pac— 2d W. D., gu. 6s,. 1907

is

AND SINCE

4,

A J 129 b.
St.L.— Ist, 78.1913
1928
& O 10314
CoQ.,5 g
10li«b.
N.y. Central—Extend., OS. 1893
1903 J A J127
l8t, coupon, 7s
S 107 b
Deben., 5a. coup., 1884.. 1904
120 b.
N. Y. A Harlem— 7s, reg... 1900
N. Y. Chic. & St. L.— 4 g...l937 A A O 94=8
....1906 J A J ll<!68b.
N. Y. Elevated- rs
N.Y. Lack. & W.— Ist, 6s. .1921 J A J 126 b.
1923 F A A 108 b.
Construction, 5s
N.Y.L.E.AW.— I8t,con.,7g.l920 M A 8 134%
1893 J A D 103 b.
Long Dock, 7b
1935 A A 0| 11538b.
Consol., 6 g
196!) J A Dl 10458
2d oonsol., 6 g
N.Y. Ont. A W.— 1st, 6 g.. 1914 M A S; 11278
1939
A D 98 t
Consol. 1st, 5g
J 101 b.
N Y.8US.AW.— Istret., 5 g. 1937

Apr.

lOiJ

Chicago &Krie— 1st, 4-5 g.l982
1982
Income, 5s
Chic. Gas I,.
l8t, 5k. 1937 J
Chic. Mil. &St.P.—Cou.7s. 1905
l8t. Southwest Div., 68.1909

C. C. C.

lIUlLKOAS AKD

124I4 Nov.
10213 Apr.
95 Jan.
88% Jan.
116 Oct.
121
Jan.

1913

Debenture, 58

Jan.

1173tMar.

19U
W.— 6
& Q.— Con., 78. 1903

8o.

Caiic. Burl.

Mav

113

112% Mar.

2dcon..4g...l989

do

Ill-'s

99 May
108^ Nov.

1912

luortgage, 58

do.

Sept.

16 Sept.
75 Jau.
1121^ June
08 Dec.
too Feb.
1 18
Mar.
123 Mar.

Brookl'u Elevat'd l8t,6,g.l924
Can. South.— l8t guar., 58 1908
1913
2d, 58
Oeutralof N. J.— Cons., 78. 1899
1902
Con»ol., 78
General mortgaKe, 5 ft.. 1987

LelL&W.B.

BONDS DEC.

Highest.

Lowest.

Ptriod. Dec. 4

[Vol. LIU-

A

St.

No.— (Contln'd)—
L.— 1st, 7s, gu..l927 110

lo wa C. A West,— 1st, 78 .... 1 909
Ced. Bap. I. F. A N., 1st, 63.1921
1st, 53
V>21
C.Oliio— Jol. ACIn.M.lst,4i3S. 1933

10)
100
80

102
103
96

1

:ent.

RR.

A Bank.— Col. g.58. 1937

Chat. RomeA Col.—Gtd g.5s.l937|* 79
Sav.AWest.— lstcon.gtd.5».19i9 70
1"nt,. of N. I.— Conv. d»b.. Rs.l'lflJl

90
85

74

1

. ..
,

Dkceubbb

0,

1891

THE CHRONICLK

I

NEW YORK STUCK EXCHAN»E
BECnRITIEB.

107
108 V|

1897 ion>«
1900 10ft
1919
100
1900
09moo
189H 105
1007
103S
9i)
SO.Tear Ss
Ohe«. & O.— Pur. M. fund, «8. 1898 110
113
6s. Rold. series A
190H 114 117
Oh.'s. <). 4 So. West.— ad, «».. 1911
78
Oliuat-oA Alton— l»t, 78
1893 ioV>i 106
Sliikinn fund, 08
1903 URLg
liOiil8. A Mo. River— Ist, 7». 19(H)
116^
2d, 7s
1900
Bt. 1.. Jacks. A Clilc— l8t,78. 1894 105
Im, eiiar. 064), 7s
1894 105
Miss. U. Bridite— lat, ». f., 68 191-.! 105
106 !»i
Sail Joaquin Br., 6a
Miiri. Kdld Ss
Laiiil Kraut, 5s, g
W.'si, PaolBo— B6uds,68....
No. Hallway (Cal.)— Ist, 6«.

*

58, convertible

103

lrf03

llOifl

1919 lei's
9I>«
1919
Pliiln.ls.
1921
84
Ohio A Indiana Coal— 1st 58. 1930
96
119l« 120
Olil. Mil. A8t.P.— lst,88,P.D 189f
Zd. 7 3-103, P. D
189>- 119
l8t, 78, «K., R.D
1902 124 126
1st, I,a Crosse Division, 78 189;i 11914 llOij
Ist, I. A M., 7»
1897 119>4
Ist, I. A D., 78
1899 119>4
Isl.C A M., 7s
1903 122
Ist, I. A D. Extension, 78.
1008 12619
Ist, I.a C. A Dav., Ss
1919 102
l.it, H. A D., 78
1910
125
l8l. H. A D., 33
1910 •too
CbiiuKo A Paolflo Div., 6a. 1910 115
Mineral Point Div.Ss
1910
403
C. A L. Sup. Div., 5a
1921 •I0l»a
Fari.'o A South., «8, Assu.. 1924 110
Inc. conv. sluk. fund, 5s... 1916
Dakota A Gt. South., 5s.
1910
99 "4 100
Ohic.vN. W.— 30 year deb. 5s, 1921 102 103
Escaiiaoa A L. 8. ist, (is... 1901 107
Deo M. A Minn.— 1st, 7s... 1907
Iowa Midland- 1st, 83
1900 120
Peuiiisula— Ist, conv., 7s.. 1898 120
Chic. A .Milwaukee— lat, 78 1898 113
Win. A St. P.— vid. 78
1907 '120
Mil. A .Mad.— lat, 6s
1905 115
Olt. C. F. A St. P.— Ist, 5s.. 1909 1U3
Northern 111.— Ist, 5s
1910 103
O.R l.AP.-30-year deb. 5s... 1921 95
95%
D. M. AF. D., Ist 43
65
1905
75
l8t, 2I2S
1905
Extension, 4s...
1905
55
Keokuk A Dea M.—Vst,"53!! 1023 93
Ohio. St. P A Kan. City—53.. 1936
Minn. A N. W.-l8t, g., 5s.. 1934
Ohic. St. P. A Minn.- 1st, 6s. .. 1918 120
122
8t. Paul AS.
Ist, Os
1919 121 122
Ohic. A VV. Ind.— Ist, s. f., 6a. 1919
General mortgage, 68...
1932
Cln Ham. A !>.— Con. s. f., s. 1905 •118
2d, gold, 4ia3
1937
OIn. I. St. L.A Chlo.— l8t,g" 43! 1930
90
Consol , 68
1920
On. Jack. A Mao.— Ist, gV, 5s! 1930
Clev. Ak. A Col.- Eq. A 2d Os. 1930
92
0.';.C. ASt. L., Cairo div. —48, 1939
85
St.Lou.Div lstcol.ts't4s,g. lODO
86
8uiiiix.ACol.Div.— lat,g.4s. 1940
WhiloW.Val.Dlv.— Ist,g.48. 1940
Cln.Siju.ACl
Con.l8t,g.03, 1928 105
Cl.Col. Cln. A Ind.— Ist, 7s,s.f. 1899 115
Consol. sluk. fund, 7s
1914
Cleve. A Mall. V.—Gold, ."Ss"" 1938 109
Colorado .Midland— Ist, s., 63, 1930 107
Columlila A Green.- Ist, 6.1
1916
2d, tis
1920
Del. Lack. A W.— Convert. 78, 1892 100
Mortgage 7s
1907 •130
8yra. Blug. A N. Y.— Ist,' 7s 1906 125
Morris A Essex— Ist, 7s
1914 13714 140
Bouds, 7s
1900 •115 L
7sof 1871
1901 121191123
Ist, con., guar., 7s
136
.... 1915 134
D?l. A Hud. Can.— "oupon 78 1894 108>s'l09
Pa. Div., coup., 7s
142
1917
Albany ASusq.— lat,gu.,7» 1900 126
1st, oou.s., guar., Os
1906 120 121
Kens. A Sar.- 1st, coup., 73 1921 'HO

lom

.

C—

—

—

'.'.'.'.'.'.

DsnverCity Cable— Ist,

95
1928
1900 111"
1930 103
1937
1938
Molpilo A Birm.- 1st, g.,53.. 1937
Alabama Central— Ist 68... 1918
Erie-lst, extended, 78
1897 112
2d, extended, 5s
1919 ]14>4
3U, extended, -mjs
1923 •lOOHi
4th, extended, .53
1920 110»8
Sth. extended, 4s
,'.. 1928 •loo's
Ist, eons., fd. coup., 78,...!! 1920 132
Reorg., Ist lien, «s
1908
B.N. Y. AE.— 1st, 7s
1910 i'36>9
N. Y. L. K. A W.-Col. tr.,6s. 1922
Funded coup., 58
1969 "8718
Ir;eoiue, tis
1977
BiUf. A 8. W.-Mortg. 6a!!.! 1908
Jellersoii— 1st, gu. g. Ss
1909 102
Coal A KK.— OS
1922
fivaua. «T.H.— Ist,con8.,0s.. 1921
MU Vernon- 1st Oa
1923
Sul Co. Branch l^t, g., 5s. 1930
Svaus. A Indian.— Isl, cons., 1920,
Os... 19i)8

'

,

77il.

ibs'

92
75

,

107's

110

82
ibi'

iigis

—

Port

Hnrou— Isl,

1920i 117
1939; 99

1939

58

Ccn A Pen. — Isc g. Ss.
1918
Worth A R. Q.- let g., Ss 19.28

Fla.
iPt

.

.

.

.

•

Mo pnoe Friday:

99^

106
loo's
loo's

97>g

72

BBOUBITIM.

Aak,

A Ban Ant.— Ist, Os.lOlO

Pean.RR.-P.0.AH.I,.-l«t,e.,7a.l0O0 '113

Om. U. A 8. A.-'id mort., 7I..100B
Wc»t, Dtv., 2d68
lOai

A Flu.— 1st, g. (Is
Grand Rap. A Ind.—7>i.n.

On. 80.

97 >•

1827
ft»..\»ii

Green B. AT. A8t. P.-Int 6« .1011
2d Income, all subs, iiald
Housatonlcv— Conn, gold .'is
1 9!« /
N. Raven A Derby, Cons. .'in.. 19 IH

C—

IIOUH. AT.
Waco A .V. 78..1903
Ist g., ,5k (Int. KUlr
1937
Cons. g. Os (Int. gtd)
1912
Qen. g. 48.(lut. kMII
1021
Debent. Os. priu. A Int. gtd,1897
Debent. 4». prln. A Int. gtd.t897

'

Ptita. Ft.

1912
1912
fd.,

4lli,8lnk.rund,
Bt.

noHi

7».I9'I0

12H
lai
1201a 121

a«.18U'<

102 It

L.V.AT.II.— lat,6a.,7*.lHft7

103>4 lOaa^i
2d, 7»
1898 'ibi'
lOlii
2d, guar., 7s
I8««
ll4
Peo.AE.-Ind.B.AW.-liit,pr.7>.IIK>0 ii2>i

102% 103%

75
62
106

••••••

114

73-4

•

Ohio Ind.AW.— Ist prrf.Sa.. 1938
Feona A Pek. Union— lat, 6*. 1921 110

08
61

Bl%

2d

80

60

1921

innrtg., 4>sa

Phlla.

A Read— 8d

69

pref. convert

ntta.aCASt.L.— Con.K.4 «> A 940 101
Illinois Central- lat, g., 4a ...1051
PItU. Cleve. ATnl.— lat, Os... 1022 110
iiili
1st, gold, 3133
90
1051
01
Pitta. A L. Br.— 2d g. 5e, "A". 1928
Sprlngf. Div.— Coup., 08....1898 107
Pitta. Me. K. A Y.-lstOs
1932
95"
Middle Div.— Reg., 5h
1021 112
Pitts. Palnsv. A K.— Ist, 5»...19l(l
C. St. L. A N. O.-Teii. 1., 78.1897 112
lis" Presc't AArlx, Cent. Ut,6a,g.l9IU
11-2
1 897
lat, 00U80I., 78
1916
2d income, Oa.
93"
1907
2d, 68
Rleh. A Dau v.— Debenture 6« 1027
Oold. Ss, coupon
1951 113>*
Equip. M.S. r.,g., 5a
19O0
Hemp Div., Ist g. 4s
1951
98
Atl. A Char,— 1st, pref^ 78. 1 807
Dub. A 8.
2d Div., 7s ...1894 100
10(10
do.
Income, Ba
88
Ced. Falls AMlnu.— lat, 78.. 1007
92>s RloOr. Junct.,l8t,giiar.,g.,.5a.l038
Ind. D. A 8pr.— Ist 7s. ex. op. 1906 107's
1925
23^
Bt Joa. A Or. Is.— 2d Ino
Inter. A Ol. Nor.— Coup. Oa... 1909
70
75
Kan. C. A Omaha— 1st, 5»..1927
Kanawha A Mloh.— Mort. 4S.1990 72
74
102 >4
Bt. L. A. A T.II--2d m.lnc.7K.1894
Kon.C.Wyan.AN.W.— Iat,5a.l938
Dividend bonds
1804
59
L. 8h. A M. 80.— C. P. AA.— 78. 1892 103
Bellev. A 80. 111.— lat, Sa. .i896 110
Buff. A Er.— New bonds, 7».1808 113
1923
Bellev. A Car.— 1st, 6s
iio"
Det. M. A T.-lst, 73
1006 127 129
Chl.8t.L.APad.-l»t,gd.g.5sl917 litb" loSH
Lake Shore— Div. bonds, 78. 1800 115 116>9
81
BULoulsSo.— 1st, gd. g 43.1931
84
Mahon'g Coal KR. -1st, 58.1934 \0<i
H5
do
2d Income, 5s. 1931
Kal. All. A G. R.— St gu. 5s.l038 106
77
Car. AShawt.— l8tg.48....1032
UhlghV.,N. Y.— 1st gu.g.4'aa.l040 99
St. Lou A 8. Fran.— Equlp.,78,1895 100
1 .itohf. Car.A We.st.-l8t (Is. g.l016
1931
98
05
(General 3s
lA>ngl8land— l.st, 7s
1808 114
1087
73
lat, triiat, gold, Sa.
84
100
N. Y. AR'way B.— Ist, g. 58.1027
Kan. City A 8.— 1st, 6», g...l016
1927 • 26
2dmortg., Ino
34
90
Ft. 8. A V. B. Bg.— lat, 68. .. 1910
8mltht«wnAPt..Ieir.— l3t,78 1901 105
Bt. Paul A Duluth— lat,58....l93) •110
louis.Evaus.ASt. I,.—Con.58.1939
83
1017 lot's
84
2d mortgage 5s
Louis. A Nash. -Cecil. Br, 78.1907 103
St. Paul .Minn A M.— lat, 78..19(H>
1909 114
Pensaoola Division, 68
1920 10314
2d mort., 6s
192'.<
112
St. Louis Division, Ist, 68.. .1921 113'9
HInneap. Union— lat, 68
2d, 3s
1080 Ol's
lis
Mont. Ccn.— l8t, guar., 68.. 1937
1937
Nashv. A Decatur— 1st, 7e.. 1900 113 '« 117
lat guar. g. .58
1910 •100
09 Is
8. f.,08.— 8. A N. Ala
East. Minn., Ist dlT. I8t5s.l90s
1924 100
10-40, gold, 03
San Fran. A N. P.— 1st, g., .5s.l919
19.37 100>«
SO year 5s, g
Shenan.Val.— l8t7s. g. tr.reo.1900
Pens. A At.- 1st, 6s, gold. .1921 106
Gen. 68, g., tr. reo. uast'd... 102
96"
1931
99
1931
CoUat. trust, 58, g
South Carolina -2d, 6s
9t«
100
Nash. Flor. A 8. ist gu. 53.,1937
So. Pac. Coast- 1st, guar., 48. 1037
82
Lou.N.Alh.ACh.— Gen.m.g.5s.l940 80
Texas Central— l8t, 8. f., 7a... 1901'
1911
Lou. N. O. A Tex.— ist, 48.... 1934
85 <
Istmortgagc, 73
1934
2d mort., 58
Texas A New Orleans l8t,7«.190." 110
191:
10 »
Louis. St. L. A lex.Sabine Division, 1st, (is
g, 08. .1917
1990
Manhattan Ry.— Cons, is
Tex. A Pac.. E. Div.— l8t,0<.19O5 100
100
Third Avenue (N.Y).— latSs, 193. 112'a 113
Memphis A Charl.— Os, gold.. 1924
191
1>'15 120
81
1st oon. Tenn lien, 7s
Tol. A. A. A Cad.—68
191H
Mexican jVational- Ist, g., 68.1927 02>9 "oe'is Tol. A. A. A Mt. PI.—6a
194l
82
45
1917 41
Tol. A A. A N. M.— 58, g
2d, luconie, Os, "A"
18»<
108
10
14
......
1917
Union Paoitto— lat, 68
2d, Income, Os, "B"
1897 loo's
1000 115 119
1st, 68
Michigan Central—6s
1891111'4
:
1931 Ill's 113
1st, 68
Coupon, Ss
190r
90
1940
Collateral Trust, 6a
Mortgage 4s
19(r,
80
Collat«ral Trust, Ss
..>«
MU.L.S.AW.-Jonv. deb., 58.1007 OS's
93 's 93\
1894
Gold. Oa, ooL tr. otea
1024 115>s
Mich. Div., 1st, 63
189;
100
F.
o.,78
P.—
Br.
U.
Division1st,
Os
..1025
116
C.
Ashland
80
Atch. Col. A Pac.- 1st, 63...190f
81
100
Incomes
Atch. J. Co. A W.— Ist, 6.3... 190:
75's
1027 113 1-20
MInn.A St. L.— 1st, g. 78
72
73
U.P. Lin. ACol.— lat.g.,3s. 191,1909 112%
Iowa Ext'^nslon, 1st, 78
Oreg.3.L.AU.N.,col.trst. ,58.1911.
72
73\
64
1891
2dmortg., 7s
lOu.100
Utah A North.— Ist, 7s.
1910 100
Southwest Ext.— Ist, 7a
1921
Ss
Gold,
95
1921
PacUlc Ext.— 1st, 03
Utah Southern—Gen., 78 ..1901 lOo lom
1922 64
Impr. A equipment, O3
190.
97
100
Ext«n., Ist, 7s
Minn. A Pac— Ist mortg., 58.1936
109
Valley K'y Co. of O.—Con. 63. 1921
Mlun.S. Ste. M. A All.— Ist. 58.1926
193!
series
"A".
Dob.
M.,
Wabash—
85
Minn.St.P.AS.S.M-l8tc.g.4s.l938
189.
108
no
No. .Mi.saourl- l3t, 78
Mo.K.AT.— K.C.AP., Ist,48,g.l990 73
72's
8tL.K.C.AN.— KK.ARR.78.189. 10;^ 's 106^
88
00
Dal. A Waco— Ist, 3s, gu.... 1940
106
St. Charles Br'ge—lst,6s... 19000
Missouri PaclUo —Trust 5s.. .1917
Veat. Va. C. A Pitt3.— Ist, 6s. 191 j
1920
80
]8tooU.,.5a, g
Wheel.AUE.- Ist. Ss, gold...l92i lOi.'".
81.L.AI. M.-zVrk.Br., Ist, 78.1895 103
193*.
94
ExteiL-ilon A Imp, g., 5a
Mobile A Ohio— 1 St ext., 6a. 1927 110
ts,giiar
1931
80
St. L. A Cairo
Bond*.
JIlscellaneonB
Morgan's La. A T.-lst, 68....19'20 110 112
105*4
Amer. <;ot. Oil Deb., g., 88...190(
1918 122'8 125
Ist, 73
109
Amer. Water Works- lat 68.. 190.
Nash. Chat. ASt. L.— 2d, 6s.. 1901 104 109
100".
lat COILS. 5s, g
New Orleans A Gulf— Ist, 6a .1926
Ist
78..190.
Mm.—
(Joal
g.
108
llsi
Cahaba
N. O. A. No. E.— Pr. 1., g., 6a.. 1915
99 's 100 '4 Chle.Jun.A8.Yds.— Col.t.g,58,19l.
"•
1905
N. Y. Cent.— Deb. g. 43
1911
Colorado Fuel—Gen. Os
N. J. June—Guar. 1st, 4a.. .1986
MS
iCol. A Hoeli. Coal AL—68,g.. 191
iJeeoh Creek— 1 St. gold, 4a. 1936
N.Y.N. H. AH.-l3t,reg.4«.1903 103>9 105 Onsoi'u lAial—Convert. 6a.. .189. 104 106
Com Ga«Co.,Cb1o.-latgU.58.103t 77 »t 78
N. Y. A Northern— Ist, g., Ss.lO'i? 104
Denv.C.WBt.Wk8.—aen.g. 5s.l91>
1027
62
•2d, 48
Det.Un.l>opotA8tn— latg. 48.193"
....^
West.—
2d,
4>«s.l937
85
A
78
Suaq.
Y.
N.
00 >s
^
1040 82
83's Edison Eloc. 111. Co.— lat, 5s.li>li
Oeu. mort., 5s. g
l9o.
• •>
94
Equitable G. A F.— lat 63
102
North'n Paclilc— Divld'dsorlpext
110
jHenlerson Bridge— l8tg. (is. 193. 108
Jamea River Val.— Ist, (;a...l936 loo's
Uuuoken Ijind A Imp.—«. 5a. 19n 104 100
1930 101
Spokane A Pal.— Ist, Os.
104
Mutu.1l Union relegh—6s, g.lOll
118
stPaul A N. P.— Gen., 03..1923
95 >* 90 >
Nation'. Starch .Mtg.— 1st. 0s.iy2.
100
HelenaAKedM'n — lst,g., 63.1937
68,lU2i
I.—
Ist,
g.
C
A
9ls
Perry
N.Y. A
DulutliAMaiiitoba— lst,g.0sl936 105
ibd' North western 'felogmph— 7., !;«•. luais .....m
Dul.AMan Dak.Dlv.— I.st0s.l937
f«tg.6»,19i>
Coke
A
Oas
People's
(
110
Ooeur d' Aleno— Ist, 6s, gold. 1916
94 ....••
Co.,Chloa({o
5 •2d g. 63,190
193(*
103
Gen. lst,g.,0«
191;
100
^^
Peoria Water Co.—68. g.
Cent. Washington— l8t,g. ,6s. 1 938
97 '4 ibi
Pleas. Valley IJoal- Ist g. 6e. I92i
Norfolk A Weat.—General, 6a. 1931 118
Proctor A Gamble— lat,g., da. 1941 100
1932 112
New River, lat, 68
WeaU Union Tel.—^a... l37S-19o. 110 •••«•
1034 108
Imp. A Ext., 08
UnlUled Honda.
1924
Adiustment .M., 7a
Ala.AVIcks.-Couao«3g.,l921.A*i
90
9a >•
1008
Equipment, 5s
70
80
2d M., tiicoiuc till '94, 1921..AAt
1057 95
98
Clinch V'al. IstSs
.tlerld.,l8t6B,1921.AAt
97<« 100
A
Vloks.
E.—
l«l,48..1990
N.
A
77
Val.
77's
Scioto
78,1907.J*.
Charl.—
l8t
118
lao
A
Atlanta
Ogd. A Lake Ch.— 1st con. Oa.. 1920
26
iis's I'lo" Comatock Tan.— Ino.4a, 1919.MA
Ohio A Mlsa— 2d consol. 78. .. 101
J A.
99 •• 9»%
100.'^ 100
109 14 Ctoorgla Pac-lat 6a, 1022.
Sprlng.Dlv.- I8t7s
A*>
97
Conaol. 5 R . 1923
1932
General 58.
11
ln(3ome 5€
1 936
95>i{
Ohio River RB.— 1 at. Sa.
73"* 79
Iat5s.1937.llA.
UtUeK.AMeill.1937
96
5s
Gen. g.,
113 117
Mam.ACnart. - Oona.7 g.. 1015.J*
88
Orog. By A Nav.-CoLtr. 8..5«.1919
1

.

C—

'

'

1

.

—

-.'(l

1

•

—

. .

MH

—

.

m^

M

. . .

I

:

«'

W. AC.-Ut.7»...l9)J

2d, 7a
3d, 7»
Clev. A P.—t'on«.,a.

68 «
HS
HS
81

•

,

rilnt A P. .Marq.— Mort., 63.
Ist cun. gold, 5s

Bid.

4.

.

lowii DIv.— Sink, fund, 5s
8lnklnjrfuud,'ls

Deny. A K. G.- Iuip.,g., 53
E. Tcnii. Va. A Ga.— Ist, 78...
Divisional 5s
1st ext.,gold, 58
Eq. A Imp., g., 58

831

BOSDS-fOo'MnmdJ-DBOMMBBR

BEODRinfiB.
lal. Har.

Hiilil lioiiiU, (ta

Oiiic. Hurl.
Nor.— Del). Os... 189(;
Oaic. Hiirllnsr.
Q.—Ss, 8. f.. 1901

PKICEH.-/Ar/ia7/^ff

Aik.

Bid.

Osntrnl Paotflo—<}ol(l bds.fls, 1805
Gold bauds, 6«
1RI>6

&

.

toeae are tke laieac qaotattona

mad*

tlila

MH U

... '

....
.

THE

832

fVoL. uii.
Latest Earnings Reported.

Week or Mo

Roads.

AND
Geo. So. &Fla.. October...

The Investors' Supplement, a pamphlet of 150 pages
contains extended tables of the Stocks and Bonds of Railroads, and other Companies, teith remarks and statistics concerning the income, financial status, etc., of each Company.
Bis published on the last Saturday of every other mouthviz., January, March, May, .Tuly, September and November,
and is furnished without extra charge to all regular subleribers of the Chronicle. Extra copies are sold to sub-

Chronicle at 50 cents each, and

to others at

RAILROAD EARNINGS.
Latest Earnings Reported.

Alabama Mldl'd. 8eptpmb'r.
AUegheuy Val.. October...
Atch.T.&8.Fe.. 3d wk Nov
Half owned... 3d wk Nov
Total system. 3d wk Nov
etL.&SaiiF.. 3d wk Nov
HaKowued.. 3d wk Nov
Tot.S.L.&S.F. 3d wk Nov
AKp. total .. 3d wk Nov

Total

August...
October
October
. .
. .

October...

October

..

October...

Bal.AO.Southw. 3d wk Nov
Bait. * Potomac October
.

Bath&Ham'nd.s
Bir.

&

.

Bur.C.Rap.&N. 3d wk Nov
All.

1891.

9
49,003
254.882
740,827
41.933
782,816
142.782
41.237
184.040
960,856
61,409
16.113
63,356

October...

OinadlanPacUlo 4tlnvk Nov
Op.F'r&Yad.Val ad wk Nov

1890.

October

.

.

October...

October

. .

October...

& Chicago. October
Housatoiiic
Septemb'r.

Gulf

.

.

Humest'n&Sben October...
Hutch iSoutb'ii October
. .

Illinois Centr')..

October
Ind.Dec.&Quin October
In.&Gt.Norlb'u 1st wk Nov

515,499

43,693
242,368
660,351
38,734
699,085
141,483
38,043
179,527
878.612
65.964
1 9,690
54.800

518,298

,289,077 2,233,217

52,3C3
162,827
4.591
19,828
51,186
92,702
54.416
570.001
13.608
3,688
4,381

46,045
157,522
2.556
6.778

14.580
49,073
71,776
47,956
476,001.

12,569
Car.C'iiiu.G&Cli. Aufnist
2,559
Car. Midland .. August
4.876
Oeu.RR.A Ba.Co July
496.9s:;
416.641
Central of N.J. Oelober... ,408.412 1,342,978
Central Pacitlo.. Seiitemb'r. ,643,899 1,656,976
Central of s. (j.. .^ugn.sf
7.707
7.001
Ohar.Cin. <kCli!c Octolier...
18,000
17,071
Olwrlest'n&Sav Octolier...
56.675
56.617
Oaar.Sum.&No. October
21.J 1.^
12.234
Ohatt'u'p.'iUnru October...
8.852
]0.l7ii
Oheraw. & Darl. Sept<*inb'r.
9.125
12,937
Cheraw.<kSalisl) Ani.'u.'it...
1.32S
1,448
Cftes. &Ohlo.... 4tbwk Nov
203.83H 174,213
Ohes. O. & 8. W October...
229.913 213.515
Ciller. & Alton... Septenib'r.
755.40(J
659,800
Ohlc. Burl. & (^. October... ,8S0.73( 3,523.053
Ohlo.dt East. III. ItliwkNov
Sl.tOl
53,700
Chicaeo & Erie. Aui:u.'it
250.48,=
235,761
Ohlc.MU.&St.P. IthwkNov 010.674 742,171;
CMC. AN'thwu October... ,278,.=>97 2,940,025
OhIe.Peo.&S.L.I 'M wlc Nov
24.530
14,990
Caic.K'kl.&P.H November. .559,633 1,330,114
fJUo.St.P.&K.C. 3d wk Nov
110.250
88,62.'.
Ollla.Bt.P.M.<SiU. October
977,373 763,137
Oblo.jEW. Mich 2d wk Nov
31,515
33.734
Cln.Ga. APorts. October..
7.297
7,187
OIn. Jack & Mae. 3d wk Nov
ll,97e
13,281
Oln.N. O. &T.P. 3d wk Nov
79,677
87.416
Ala.ut.Soiith 3d wk Nov
42,74'
42.110
M. on. & N. K. 3d wk Nov
32,703
25,564
Ala .h Vickxb 3d wk Nov
18,85.=
16.759
Vicgf.Sli. &P 3d wk Nov
14,154
12,873
ErlauKer8.v8t 3d wk Nov 188,136
184,722
Olnn. North wu. October .
2,062
1,733
Cln. Poits. & v.. October...
25,318
19,797
Col. & Mavsv October...
1,00,
843
01n.Wal).iMicb. October...
70,800
55,307
Olev.Akron&Coi 3(1 wk Nov
17,442
18,378
Olev. & Canton.. Septerab'r.
71,992
59,4.58
01.Cin.Cb.&8.L 3d wk Nov 267.523
261,613
Peo. <k Kast'n. 3d wk Nov
37,85'
26,136
CTev.i Marietta October...
32.5 l.T
31,830
Color. Midland.. 3d wk Nov
41,06
39.103
Col. H. V. & Tol. November.
290,508 275,038
CoLShawnceAIJ .November.
70.176
31,07e
Colusa >t Lake. October...
2,375
2,852
Conn. Hiver
October
104,144
103,497
Current River.. 3d wk Nov
2,668
3,038
Denv. ARloOr. Ithwk Nov 204.601
232,500
Dee Moln. ANo. October
11,733
11,258
DesM.&N'we.sl October...
22.436
22,781
Det.Bay CAAlp October
29.600
36,319
Det.Lau8'K<feNo id wk Nov
21.25S
26,484
DnluthS.S.&At/ OcUiber...
201,14ft
232,053
DulutU cfe Winu Octolier...
8,180
5,329
E.Tenn.Va.&Ga 3d wk Nov 139.443
154,778
ElKln Jol.AKast. Sepiemb'r.
62,14
61,866
inU.Lei.&K.8.. August
76,397
85,554
KTana.ilud'iili: 3(1 wk Nov
6,770
5,936
>Tansr. <& T. a. 3d wk Nov
22,80b
21,983
FUabburg
October
674.74 6 639,(81
Fllnt.AP.Mara. 3(1 wk Nov
51,079
47,688
Florence
AuKiiHt.
2.0861
2.490
Flor.Cent.* p. iHtwkNov
36.820
20,077
»t.W. ARloHr. IthwkNov
10,985
6.325
8a. Car'ia ei Ko. AUKUht
8.002
3.747
BeormaKR..... 8eptemb'r. 140,118 176,537
. .

.

.

.

.

. .

.

.

.

.

Jan. 1

Iowa

Central...

.

to

Latest Date

1891.

126.763

Kanawha&Mieh 3d wk Nov

1890.

!

2,172,.51l
1

,490.390

,122,214 29,264.610

131,100
524,53
0i5,639

5.802,767
,459,3«8
7,262,135
,777,S5'i 36,526,747
1

90,628
391,226

103,4'-9

381.675

,951.527 15,573,164
,598,625 4.729.226
,569,747 20,302,390
,210,253 2,077,103
,466.109 1,415,444
14.147
1 2,343

42.700
151,6!i3

500,985

3d wk Nox
3d wk Nov

wk Nov
3d wk Nov
L.Erie All. & So October...
L. Erie & West
3d wk Nov
Leblgh& Hud.. November.
L. Rock &Meai 3d wk No\
3a

.

,565.297 27,774,224

556.916

Ithwk Nov

Iron Railway... October...
J'k'nv.T.&K.W. October.

Long Island

,774,47^ 1,714,919

2,79fi

AllRllSt

Atlantic. October...
Bir.8h.&Teun.K Septeiub'r.
Baff.Rocli.* Pill 3d wk Nov

Camden &

Great North'n St. P. M. & M.
East, of Minn.
MontanaCent.
Tot. system.

Kan.C.CI.&Sp
K.C.F.S.&Mem.
K.C.Mem. & Bir.
Keokuk & West.

'

Atlanta ..t^Cliar,''
Atlanta & Flor'a
Atlanta &W.Ft.
B.&O.EastLlneg
Western Lines

Oeorset'n&Wi August
Gr. Rap. &Ind.. 3d wk Nov
Cln.K.&Ft. W, 3d wk Nov
Other lines. .. 3d wk Nov
Total all lines. 3d wk Nov
Grand Trunk. .. Wk Nov.28
Chio AGr.Tr. WkNov.21
Det.Gr.H <& M. WkNov.21

. .

The General Quotations of Stocks and Bands, occupying
s 'x pages of the CHRONacLE, are published on the third
•aturday of each month.

Week or Mo

1891.

1890,

$

flailr0ad |ixtcllxg^ncc.

BOADS.

1

c^hroni(;le.

Juwcstmctit

taribers of the
$1 per copy.

3

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

...

64,8i3
141,268
1,955,839

Ithwk No\

Loui8.&Mo.Kiv Septemi 'r.
Louls.Ev.&St.L. 3d wk No\
Louisv.&Nashv. 3d wk Nov
Louis. N. A & On. 3d wk No'
Louisv.N.O. &T. 3d wk Nov
Lou.8t.L.&Tex. 4th wk Nov
LynehD.&Dur'm October
Memphis ^Clia!" 3d Wit Nov
IMexicanCent.. tthwk Jfov
(Mei. National 3d wk Nov
tMexicau K'waj WkOct.31
Mil.L.Sh.&WesI 4t,hwkNov
Milwaukee &No IthwkNov
Mineral Range.. October...
Miuneap. &St.L. October...
M.St.P. &S.8.M October
Mo.Kan,&Tex.(. Ithwk Nov
Mo.Pac.iVIronM 4tliwk Nov
Mobile &Birm.. 3 wts Oct
Mobile* Ohio.. October
. .

. .

.

.

Monterey&M.U

Septeml.'r.
Nasb.Ch.&8tl,.f Oct'^ber .
N. Jersey iteN.Y Septemb'r.
New Orl. & Bo'n October..
N. Y. 0.<fe H. K.r October
.

721,121

718.607

,305,202 15,483,825

531,407
29,385

498,419
16,983

&W

. .

N. y. L. E.
October...
Obli August
N. V. Pa.
N. Y.&N.En.!?.. October
N. Y. ANorth'u. October
W.. Ithwlt Nov
N. Y.Oiit.

&

.

. .

,824,888

1 1

,255,536

,429,80!- 11,627,478

64,961
130,465
610,931
108,715
83,712
74,401
15,275
,034,75s
,929,574

75,758
106,791
557,060
60,1 14

96,749
75,194
14,365
7,079,987
1,745,952

.236,787 20,442,173
,339,318 2,968,299
.700,71
1,807,135
,76 -.788 21,337,550
,933.397 23,316.060
,025,29.8

632.448

. .

&

N.Y. 8usq.&\V. Octolier
Norfolic&Wesi.. Ithwk Nov
.

.

N'tbea.st'utS. C.i .\ugu.st

North'u Central.
Northern PaciUi
No.Pac.&W.C.
Ohio & Miss
ObioKiver
Ohio Southern..
Omaha &St. L..
Oregon Imp. Co.
Pennsylvania ..
Peoria Pec. <feEv.
Petersburg

&

Pblla.
Pbila.

Erie..

& Read's

.

4thwk Nov
Ithwk Nov
3d wk Nov
4th wk Nov
October...
October...

October
3d wk Nov
October
. .

. .

Septemb'r.
October...

,700,935 15.617.999
,115,019 3.882.434
,401,505 5,596.809
,533,922 1,395,528
57,591
56,257
612,984
603.454
,856,343 3,938,097
,676,661 1,724,625
,036,413 1,091,227
57^-,957
592,251

Coal «fe Iron <;() Octolier
Total both Co.i. October...
Mar. .fcCli. October...
Pitt.81ieu.ikL.E. October...
Pittsb. A Wesl'i: Septemb'r.
Pitts.Clev.iT Seiitemb'r
Pitts.Pain.&F. -eptemli'r.
Total systen 4thwk Nov

551,436

Pt.Roy.&W.C.ii. .August.
Pres.<teAriz.(.eu. October...

,699,814

17,658
204,iV96

10,440
615,694
846,96.-.

530,23a
.939,146
,505,905

287,034
,811,760
,007,245

551,62
24,240
G28.63.'

14 0,199
,815,703

107,371
169,562
381,895
,093,051;

,884,535

62,371
,297,781

529,416
7,875,618
16.735
189,100
8.050
500,284
737,131
412,457
11.758,119
1,326,947
272,341
1,669,417
3.772,378
286,631
22,062
946,907
153,785
8,027,085
09,312
184,230
449,5-<8

1,064,710
1 ,959,885
44,405
6,616,028
432,971
531,617

510.667
493,671
304.101
26-<,007
037.676
943,794
870,050 5,898,955
383.975 2,613,344
27,0«7
24,761
198.440
981, «33
295,894
l(i8,378
73,003
36,892
294,034 1,267,37a

. .

Pitts.

Pitt.Youn.iC.A-A
Pt.

Royal

(Si

October

Aux. August

QuincyO.&K.C. October
Rich.&Danyiile.
vir. Midland..
Char.Coi.&Au.
Col. & Greeuv.
West. No. Car.

.

October
October.
October
October.
October
Georgia Pac
October...
Wasb.O.& W.. October...
Ashy. & Spa" Octobci'
Total Sys'iu. 3d wk Nov
.

.

.

.

69,790
2,930
42,673
8,150
3,300
54,183
387,668
79,247
20,830

66,501
3.103
50.201
7.781
4.045
62,627

.601 ,427 1,330.122

119,578
117,028

75,852
108,946

,868,633 1,514,92(;
5,549
4,14:^

42.771
3,001
55.46.

35,81';

6.';74

6,7 3>

5.213
100.716
23.107

3.2.14

39.714

Louis'a \\est. lOctober...

Morgan' sLiT. :Octnber...

N.V.T.&Mex
Xex.

&

N. Orl

October...
October...

7,784.342

1,615.322
28.614
621.294
290,861

1,533,084

561, 23S

909.300
9,254.872

384.91.-V

8.031

7.775
63,523

58,60.'

28.71!'

28.931

362,709
61.719
2,872,934
376,103

19,254
59,544

18,50-;

621,280

60,92'.'

32.701
415.6811

51.487
113.608
12,072

13,1H
40.064
180,557
72,387
68.268
86.142
49.327
13, '298

208.621
2-7.204
274.917
809,000
24,624
317,f'3(,

75.67

1

491.98C

30.73-1

84.935
298.346
4

l,066,30(f
328.247"
.57.037

6.6i:-,

2.714.856
334.1

1:{

515.025

08,414 3,849,527 3.693.49;i
346.928
303,634
38.119
26,987 1,390,553 1,161,32(>379,295 17,931.213 17,022.848
58,24.i 2,559,518 2,350,968
93,331 3,291,891 2,569,447
361,963
422,925
10,617
140,0h3
87,03(>
15,45ft
44,373 1,421,886 1.629,876
177,851' 6.703.338 5,788.68tt
83,'245 3.726,728 3.-298,083
81.81
3,393,169 3,124,466
67,61
3,279,089 3,589,18.5
37,349 1,601.102 1,410,015
1 '20.702
103.453
11,56s
170,36
1.457,416 1,221,070
200.444 1,970,875 1,6-61,031
259,552 8,586,084 8.105,728
778,000 23,346,736 23,030,447
202,15(1
212,705
22,962
325,700 2,837,548 2,751.045
40,151

352,005

652,-200

3,861,051

264,965
3.108.605

196.02T
216,931
28,4 4(
21,423
119,256
137.862
14.871
14,6(19
:.173,663 3.63,5,154 36,172,094 33,416,877
i,895,289 2,712,737 25,381.190 24.309,63!>
699,621
579,318
48,355
72,311
159,151
190,800

651.679
599,598
718,849
70,3.V
1 5,025
13,69
49,34 1
466,856

667,071
578.!»18

41,916
56,8w9
163,228
162,713
42,334
590,3-6
669,907
796,164
68,363
14,111

13,301
55,593

4,532,716 4,741,371
5,199,248 5,039,633
438,09-2:
431,338
2,802,312 2.242,512
1.316.91(1
1,377.701
8,313,392 7.80l.36(>
468,583301.272
5.631,503 5,589, 19l>,
22,121,47Z
23.107,662
27,756.773 26,951. 12.V
3,349,853 3,809,133;
609,2 1
616,587
5 12,038

30S.7|.9

399,877

51I,*(>

422.(.74 3,547,817 3,782,671
1,408,160 6,19-2,901 .55,935,2,35 55,237,07'.t
703.3-2(>
733,556
13,541
18,255

40,451

503,796

40,855
483,619

439,300
3,803,058

443,928-

3,809,477

;.246,919 2,123,8.)! 13.217,333 17,333,758
;,H73,133 2,151,900 17,28'!, 414 15.585.707
,,920,01

1,275,731 33,502,749 32,969.46.^

147, '85

3,328
24,588
133,431

50.382

39,1 15

4,592
35,28 4

30, 1 00
.50,722

23,676

140,0o8
25,518
.26.476
16,668
25,817
615,000
201.600
101,200
89,300
101,200
208,300
16,920
13,900
324,030

109,935
22,305
31,111
12,665
27,153
583.700

65,33'J

2-20,90'

105,400
86,700
91,9(0
172,450
13,800
] 3.600
319.150

October...

Gal.Har.(feS.A. lOctober...

8,833.004
878,511
1,058.600
10,770.112
32.114
1,153,142
140,404

4.2(>6.77(»'

8t.Pauli«Dal'tlJ
S.Aut.&Ar.Pass.
8.Fran.(feN.Pac
Sav. Am. iVMon,

South Carolina October
S I. Pacillc Co.—

195.92U

274,4-.'8

26,'285

Seattle L. 8. & V:. Ithwk May
Silverton
October
Sioux City & No. October

421.98(;

1,0.50,163

'•ii/ibo

3d wk Nov
October

2,367,431

403,037
199,020

4.202.098

27,681

4tbwkOct.

2,158,5'49

9.09f

43,164
51,o00
354.509

3d wk Nov
Jd wk Nov

9
590.G7O
26,402

95.579
32.121
8.297

November.
3d wk Nov
October...
October...

C20.804
27,913

34.161}
151,33;:
1.167.027
17,n0(
136,023^
19,654
9.22 i
,800.537 1,751,083 13,112,692 13,607,300
41.294
38.561
391,1-07
372.07 :f
97.37)
95.n3t 3.301.590 3.325,93S

148,429

Petersb. Octolier...

it

1890.

2,760.608 2,985,341
376,664 17.835.505 18,383,612
69,831 3.9 8 1.1 62 3,361,359
20,952 1.070.283 1.011,92-J^

Rio Ur'de South
Rio Gr. West.
Rome W. &. Ogd.
Sug.TuseoIaAII.
St.L.A&r.U.B's
St.L.Southw'rn.

RloU.

to Latest Date.

1891.

*

3(',788

October
4iu» k Nov

Jan. 1

14,76'J

28,210
114,720
247,541
45,941
15,857
59,268
10.1.50
17,3911

43,000
1 82,000

350,233
11,713
29,880
91,273
173,013
54 138
16 768
51.738
13.158
11,001
41,606
180.y2i

37,634
277,361
1,098,887
359,586
-231,343

31,125
218,825
1,091.432
354.96S
211.194
2.073.234
1,172,580
207,727
251,067

2,078.256
1.071,302
243,133
262,069
108,744,
116,686
£09,174
215,546
4,709,400
4,972,000
1,893,513 1,835,780
778,74.5.
798,148
697,700
685,919
800,61,5871,748
1,624.370 1,540,-225^
125,227
137,220
122.98'i
136,002
11,663.80!>
12,201,901
281,715
277,897
282,793
2,293,2(9 l.o'5i',<92
3,335,012 3,311,772
86,126
92,111
1,256,571 1,176,71.5
3,850,081 3,541,'J9.5.
l,4'37,90b 1,236,491

788.995
416,339
144.755
104,281
3>4,'!<'l

1,390,686

719,920
606.975
146.009
77.210
249,028
1,264.087

469.091 3,701,895 3..523.225
965,40t>
835,1 .7
114.341
556,192 4 bS3.0;)6 4.413,977
.-'2.8.'
177.^48
187.6V9
25,674
178.048 174,107 1,367,872 l,^66,0i8
1, 49?,0'il 1,340.005 10.576.101 10,65I,tl!>a

530.600
118,231
602,382

Atlauticsys.i/. October...
Pac*tJc svsiem 8c;iieml>'i-. 3.6.53.81-5 3.493,M9 27.225.60,> 25.581.72;i
Total oi all.. teplemb'i. 4.892. 2o7 4.76J.866 36.b08,913 ;vl.M23.^6.5

I

.

Dkcember

...

. ..

,

Samlng$

La(€»l

Seporied.

1801.

to

Ltuul

1800.

1891.

Bo. DIv.

Hepleniirr.

«.')(i,33."i

Arizona DIv.. Seplcnib'r.

173.711)

KewMex.
8?ar. Un. &

Dlv. Septemb'r.
Col .Au^itat
etat.Mi Isl. H. T. .feptemirr.
BtimyOl.AC.Mt.. .^eptemb'r.
Baiumit Urniich. Oilober...
XiykriiH Viillny Oetober...
Tot'l both Co'« October .
.

Tann. Midland.. October
Torn- H. & Poo Septomb'r.
Texas A Piicltlc U\ \vk Nov
.

.

Tex.a.Vul.tN.W. 111 wk Nov
T0I.A.A..&.S.U. October
. .

4

8H3

0/ Orlober.

IthwkNov
Xol.ibObloCent. tthwkNov
lol. P. & Weat.. 3d wk Nov
lol.Bt. L.AK.C. IthwkNov
Cin.

DlHterA Del.... Septcmb'r.
Onion Paclflp—
Or. 8. L. A; U.N. Scptemb'r.
Or. Ry. AN. Co. >^eptemb'r.

Cn.Pai-.D.AG. .Heptemb'r.
Bt.Jo.&OMI»l. Sipleiub'r.
All oth. lines.. Keptemb'r.
Tot.U.P.SvH.I Septeuib'r.

O3nt.Br.AUL.

St'ptenib'r.

Tot. cont'led Sopteinb'r.
Montana Un..' Ht'ptemb'r.
Leav.Toi). AS.' Heiitemb'r.
Man.Al. ji Bur. i^optcmb*r.
Jolnt.own'rt... ."(epteiub'r.

80.«23
11,(181

1UA.U80
7,385
124,461
87,31«
211,777
22,840
34,.'V7l
ltl7,-lfi(l

1,13-2

0(1,481
7,.'M2

35,033
23,139
4!4,6(i2

37,055

637,737
617,.'>2I

574,44s
04,046
,26H,787
,192,5311
I00,f.85

,293.124
44,64S
2.0.'i0

4.251
51,S51

Grand total.] Scptemb'r i.SlO.O.W
Vermont Vallev October..
18.376
Wabash
3d wk Nov 286,000
Wib. Cliest.AW. AURUSt
6.949
Wash. Boutliern. Oetober... f

Weat Jersey

Oetober...
W.V.Con.APitts. October...'

We.«t Vir.APitts. August
Western of Ala. Oetober
West.N.V. A Pa. 3<1 wk Nov

28,938
114.773
90,313
23,.'585

235,080 1,740,050
61(»,3W 4,027,959
170,916 1,4.57,712
88,150
771.452
11.3.58
87,230
103,285
831,317
6,315
48,888
132,462 1,071,230
01,151
777.061
22J,U12 1,848,280
18,673
169,008
288,646
168,037 6,214,437
1,018
40.911
92.537
862,404
8,147
.309,711
35,386 1,352,606
17,870
861,618
43,536 1,731,320
35,484
298.650
623.235 6,621,902
527,681 4,026.236
523,776 4,131,300
91,358
616,354

740,267
4,'771,719
1

1

4«7,.576

764,090
79,101
810,913
47,710
891,510
800,2 1
,691,724
168,733
l.342,40'7

46,130
057.706
28,-, 833
.,30H.208

839.142
..439.980

2S7,0U0
>

508.694

3,
1.314,820
4,
1.199,447

1,,014.215
,174,015 15,913,610.17,,515, 8K1
,040.064 30,300.41031,,553.091

06,127

5f!3,807

IfM.

1891.

TnfTHUi.

Dtertmm.

1800.
Oleve. cm. Chle. A Bt.
Penrln .t- I'ii.,icrn

2hn.70.i

(Citl.)

,

t)aii.

RK.—

Coast DlT.(Cnl) Septenib'r.

Tol. Col.

Jan. 1

3rf irttk

WeekorUo
00. Pac.

..

THE CHEONICLR

5, 1801.J

Bo AD*.

8

1

780,728

,006,192 30,873,217 32,,233,819
88,184
531.343
689.378
3.210
22,458!
22.940
4.107
30,661
27.215
95.509
584,3621
739,533
1,053.947 31,165,398 32,,703,580
17.937
158.531
164,298
233,000 12,2.53,085,11,,642.472
43,1701
6,456
38,908
25,951
241,104
233,207
114,678 1,261,06.5 1 ,224,286
103,840
020,4081
801,810
10,599
112,403,
67,308
57,706
444.053
468,061i
73.200 3,270.912! 3 .226.303
27,339 1,177.399
.007.166
611,143
58,308
608,175
126,256 4,679.110
,829,652
10,676
72.8191
73.501
98,.586'
3,419
101,224

C

'

I'

•
I,.

.1

.Mil

A On
Onnd Rapids A Indiana
East

Till n. Va.

anoinnntlK. AFl. W..
Other line*
K«D*M Citr Cllu AHpr..
Knn.CityFt.H. AMem...
KansiiH C.

Mom. A

367.533
S7,8»7
41.0«t
3,S«8
30,830
130.443

soi.cn

42,67.1

.50.201

8.1.50
3,360
5.213

7,781
4,615

100,71(1

83,570
37.121
8,2»7

28,107

lllrni.

Ke4ikuk ,V Western
Uttle Rock A Memphis..
Memphis A Cbarloston.

8.031

10.254
40,064
88,328
15,025
16,710
824.030
28,210
15,857

.

Ohio A Hlislsslppl
Ohio River
Ohio Southern
Rich. A Dnnv. (8 roadsl
8t.L.Alt.AT. H. Brcbes.
.

Han Fran. A No. Pao
Texaa Bab. V. A N. W

1,132

Toledo Peoria A Western
Western M. Y. A Feun..
Total (88 roads)
Ifet Increase (7-36

30.

$
3.910

MA

11,731
1.909

$9,103
»,03H
20JI52
1.54

370
133

77H

isaaa
fS9

O.IMH)

8.877
16,197

"4.bY4

"747

18..5(r7

1.148

14.111

ffll

13398

3.812
4.880

319.150
39,880

1.670

911

6.768
1.018

33.139
74,900

73.300

8,734,(}47

8,l39i738

tdS
'4.309

41.373
80,376

1

7^M

114
B,300
1.700

17.879]

711.772
608.909

p. e.l.

113.883

Net Earnings Monthly to Latest Dates.—The table fol**
lowing shows the net earnings reported this week. A (all
detailed statement, including all roads froin which monthly
returns can be obtained, is given onco a month in theM
columns, and the latest statement of this kind will be found
in tlie CaKONicLE of November 31. The next will appear in
the issue of

December
.

19.

Oron Kamlngt.

-ye< SamiHgt.189<f.
1801.

,

1890.

1891.

Foaitt.
$
$
Atoh. T.
S. Fe;.. Oct. 3.106.8.57 8,197,.595
Jan. 1 to Oct 31. ..27,382.707 25,860.690
July 1 to Oct 31 ..12,510,354 11,368,201

•

A

•

1.300.400 1,209.544
8.801.488 8.000,683
Wheeling A L.E. Ithwk Nov
4,433.036 3,714,749
Wil. Col. A Aug. August
52,325;
175,674
161,288
32,100 def.3.754
R'd8l'Hyow'd(J4);.Oet.
Wisconsin Cent. 4thwk Nov 119.251
110.901
38.710
Jan. 1 to Oct. 31... 1,427,334 1,375,978
Wrluhtsv.ATen. October...
8.230
8.360
.571,779
51,076
581,276
July 1 to Oct. 31...
Kauea. & Ohio.
Istwk Sept
3,607
Total Atch. sys.;. .Oct. 3,582,331 3,3.58,882 l,332..50O 1.205.789
* Elgurea cover only that part of ralleaee located In South Carolina
Jan. 1 to uct. 31... 28.8 10,042 27,230,674 8,030,2</7 8.120.674
Earnings given are on whole Jaok.sonvlll6 Southeastern System,
13,091 ,630 1 1 ,939,977 4.484,111 3.723.10«
July 1 to Oct. 31
a The figures from ,Tau. 1 to date include corrections for the Urst tnree
350,678
307.619
770.001
711,324
L. A San Fran.tOct.
St
montUsof each year. 6 Kansas City A Paciflc included in both years,
2.442.360 2,327,365
Jan. 1 to Oct. 31... 5,692,656 5,396,049
1'
c Western and Atlantic included In Oct., 1891, but not in 1890.
1,272,645 1,183,171
July 1 to Oct 31... 2,654,512 2,300.
<i Includes earnings from ferries, etc.. not given separately.
1 Mexican
36,038 dcr.l.l3a
172,001
157,332
R'd8j'tlyoWd(>8);.Oct
currencv. « Includes Rome Water. A Ogd. In both years for October
150.77H
62,612
Jan. 1 to Oct. 31.. 1,397,155 1,346,946
and the ten mouths.
21.025
63,030
568,837
568,231
July 1 to Oct 31...
433,6.57
358,440
868,655
912.065
TotS.L.AS.F.Sya.'.Oct.
Latest Gross Earnings by Weeks.—The latest weekly
Jan. 1 to Oct 31... 7,089,811 6,742,992 2.501.972 2.478.144
eaminp.s in the foregoing table are separately summed up as
July 1 to Oct 31... 3,222,773 3,058,807 1.335.675 1.205,09e
follows:
Atch. A San Fran;. Oct. 4,524,396 4,227,.533 1,786,157 1.664.329
Jan. 1 to Oct. 31... 35,890,852 33.079,668 11.435,170 10,698,813
For the 4th week of November we have had returns thus
July 1 to Oct 31. ..16.314,403 14.098,786 5,819,786 4,928.306
far from only 26 roads. The gain in the aggregate of these is
64.122
157,.522
22.771
162.827
Oct.
Bait.
A Potomac5
7'14per cent.
377.349
390.983
Jan. 1 to Oct 31... 1,466,109 1,415.444
60.107
227.330
99,752
280,945
Buff. Roch. A Pitts. t.Oct
Atli week of Xovcinber.
590,869
Increase.
Decreatt.
778,207
1891.
1890,
Jan. 1 to Oct 31... 2.342.967 1,808.669
241.095
334.745
832.963
July 1 to Oct 31... 1 ,027,239
826.403
978,685
Canadian Pacltlc§.. Oct 2,012,502 1.766.447
Buffalo Roch. AFlttsb...
66,480
63,091
3,336
Jan. 1 to Oct. 31. ..16,295,202 13,749,335 6,141.452 8,079.767
Oinadian I'acltlc
370,000
476,000
103,000
667.052
677,154
1,342.073
1,408,412
CentofNewJerseyVOct.
29.623
Chesapcike * Ohio
203,836
174,213
Jan. 1 to Oct 31. ..11,821,888 11,255,536 5,064,899 4.823.212
54,900
53,700
1.200
Oh'cago A East. Illluois.
229,827
203.008
Chicago Mil. A St. Paul..
910,674
742,176
168.408
705,734
838,093
Chesapeake A Ohlo^.Oct.
Uenror A Rio Grande...
204,600
232,500
27,900
Jan. 1 to Oct 31... 7.263.610 6,309,641 1,880,168 1,425,997
811,155
000,064
Ft. Worth A Rio Grande.
10,985
6,323
4,660
July 1 to Oct 31... 3,248,074 2,791.605
Grand Trunk of Canada..
1 ,004
337,668
370,664
Chic. Burl. AQulncyt.Oct 3,880,730 3,523,053 1,650,001 1.601.608
Iowa Central
6.954
42.771
35,817
10,344.818
10,768,461
""
29,442,173
"
28,286,787
Jan. 1 to Oct. 31
Long Island
59,544
68,414
8,870
65,698
.68.145
150,355
170,437
Ohio. A Weat Mich.JOct
liOUisvlUeSt, L. ATexas.
10.617
12.672
500.111
477.546
1.474;974 1.333,131
1
to
Oct
31.
Jan.
Mexican Central
177,836
2,7011
180,557
353.768
366.420
MUwaulrce L. Sh. A V, est.
18,525
86,142
67,617
Olev.Cln.Ch. A StL.^Oct 1,214,4.30 1,180.012
11.978
Milwaukee A Northern..
49,327
37.349
Jan. 1 to Oct 31.. 11,120,082 10.807,630 3,581,113 3,613.205
Mo. Kan. A Tex.
15,365
274,917
259.552
July 1 to Oct 31 . 4,868,693 4,.53J,437 1,508,777 1,414.89«»
Mo. PaciQc A IronMt...
31.000
809,000
778,000
67,39»
46,605
157,006
170,086
Colorado Midland.;.. Oct.
1.^.482
New York Out. A West.
56.829
72,311
523.727
426.447
Jan. 1 to Oct 31... 1,696.830 1,550,247
Norfolk A Western
162,713
190.800
2S,0i7
224,687
182,743
642,531
708.905
July 1 to Oct 31...
Northern Pacitlc
70,309
660,907
599.598
380.427
390.442
872,180
854,244
Oenv. A R. Grande;. Oct.
Ohio* Mississippi
l,9i<4
68,363
70.357
Jan. 1 to Oct 31... 7,080.203 7,22-', 585 2,563.190 3,O3S.70O
55,H32
4,610
Pittsburg A Western
50.722
1.366,029 1. 604.090
3,337.732
3,214,215
31...
July
1
to
Oct
695
Toledo Col. A Cinclnniiti.|
8,147
7.542
41.634
51.676
117,312
333 Det Lana. A North. §Oct.
3.'5.053
35.386
130,266
Toledo A Ohio Central...!
337,862
321.694
Toledo St. L. A Kan.City.
43,536
6,126
48.662
Jan. 1 to Ott 31... 1,054,900 1,020,067
23,' 43
27.339
2,66C
Wheeling A L.ike Krie...
30.005
33,479
36,161
56,746
Worth A Rio 05.. Oct.
7,003 Ft.
126.256
Wisconsin Central
119,251
4a,sua
9i>,283
147,240
250.551
Jan. 1 to Oct 31...
36,520
46,064
113,368
132.651
463.301 Tl9,632 Kan. C. Mem. A Blr.^Oct.
Total (26 roadsl
5,157,374 4,813,702
72,922
07.6&S
394,019
405,180
July 1 to Oct 31...
343,672
Set lncrea8e(7'14p.o.
731.301
741,618
1,788,020
Loalsv. A Nashville;. Oct. 1.963.028
Jan.
1 to Oct 31. ..16,635.333 15.833,618 6,145.402 6.»9t».73i»
also furnish the following preliminary total »n 3i roads
7,448,979 6,706,771 2.776.886 8.593.947
July 1 to Oct. 81.
345,978
265,534
574,383
for the month of November
Oct 793,811
Mexican Central;
Iii'T'tu'.
P.O.
Jan. 1 to Oct 31... 6,046.846 6,200,618 3,148,346 1,841.300
1890.
1891.
ilomh of \ovembrr.
82.442
109.394
325.970
394.723
«ro.ss earnings (Spreads) $20,001,475 $19,132,870 $1,768,596 9'24 Mexican National J.. Oct.
647.339
961.673
Jan. 1 to Oct. 31... 3.505,306 3,067.440
November
761.730
week
of
1.130.773
3
the
J
2.453.483
Our completed statement for
Mo. Pae. A Iron Ml :Oct 2.7.52.158
Jan. 1 to Oct 3 1... 20,880,736 20,828.447 6.714.734 5.S93.533
ahows 7-36 per cent gain on 88 roads.
N.T.I..E.AWestem.aOct. 2.895.289 2.712.J37 •1.047.550 •1.018.345
Jan. 1 to Oct 3 1... 25.38 1.1 90 21.309.039 •8,326.469 *7.945.saO
Deereatt
lyiereiue.
1890.
1891.
.i'l trrek of yovembtr.
355.440 .334.8t«
809,359
870.387
KorfolkA Western}.. Oct.
Jan. 1 to Oct 31... 7,558.781 7.110.643 3,598.130 2.4St.9S«
*
$
•
316.385
185J0*
651.679 ,590.386
69.789 Horthcm Central;... Oct.
531,712
PreT'lyreport'a(43road8) 6,001,375 5.539.652
80.476
660.351'
Jan. 1 to Oct 31... 6,631.603 5.550.196 1.733.1.54
740,827
At. Top. AS. K. aysteni...
1129,474
100.818
3.2.55
422.074
4l,98i»
38.734
466.856 „
Oct.
Roads J'Wv owned »<j..'
Oregon Imp. Co
60I.6H2
634.829
1.299
141.183
142.782
St. Loula.t S.Fran
™an.
1 to Oct. ai... 8.547.817 3.783,671
713.0H8
asOk$«i
3.214
4.104,138
41.257'
38.013,
Road.s j'llv owned h-\
Dec. 1 to Oct 31... 3,888,103
20.926
71,776,
92,702(
110.718
Rtirllngton C. R. A No.
>97."2
263.151
RloerandeWesfn;..Oct.
9.413
69,8Jll
79.2171
307.723
475.aM
Chicago AGniudTrunk..!
Jan. 1 to Oct. 31 .. 2,150,109 l.^L*-*?*
14.il»0
0,540
24,530!
422.379
Chicago Peoria A St. L.
296.4CS
747,018
July 1 to Oct. 31... l,0O3,63i
1,303
13.2 » I
Cincinnati Jack. A MacK.|
11.078J
ss.asx
"3,414
70.t«4
13.5.1.53
131.360
8tL.A.Ar.H.bch8.;.Sept.
184.722
188.1361
Cln.N.O. AT.Pac.(5 rojulsl
930
415.735
911.634
18.3781
Jan. 1 to Sept 30... 1.033.763
17.442'
Cleveland Akron A Col. .1
.

66.603
74,900
30.005

.

. .

.

1

'

"

.

1 .

We

:

]

I

,

.

.

.

.

THE CHRONICLE.

834
.

at

*

& DiiUitht--Oct. 247,541
Jan. 1 to Oct. 31... 1,487,908
739,772
July 1 to Oct. 31...
Sav. Florida & Westtrn

It.

-Net Eartiings.1890.
1891.

Gross Eut-nings
1890.
1891.

Paul

173,013
l,2?6.4i>l

616,071

—

July 1 to Bept. 30...
gontbeni Pacllic Co.—

672,945

643,118

S
125,134
547,407
299,270

80,846
420,487
260,110

181,329

50,764

161,540
229,445
469,691
785,251
961,272
Jau. 1 to Oct. 31... 3,704,895 3,528,225
56,252
68,682
114.341
118,231
Louisiana Weet'nJ.Oct.
485,369
329,636
965,406
835,177
Jan. 1 to Oct. 31...
226,454
211,968
556,192
602.382
Morgan's La. & Tt.Oct,
979,689 1,354,122
Jan. 1 to Oct. 31... 4,383,006 4,413,977
5,810
17,534
25,674
32,853
N. Y. Tex. & MexJ.Oct.
(Jef.2&l
43,210
177.348
187.699
Jan. 1 to Oct. 31...
98,458
93.730
174.107
178.048
Texas &Sew Orl.J.Oct.
730,820
586,335
Jan. 1 to Oct. 31... 1,357,872 1,566,048
548,513
634.355
,340,005
Tot. Atlantic eys!..Oct. 1.493,091 1
2,915.282 3,356.278
Jan. 1 to Oct. 31... 10,576,401 10,651.002
101.375
118,203
329.030
S45.186
West. N. Y. & Penn} Oct.
906,408 1,009.933
Jan. 1 to Oct. 31... 3,047,999 3,015,204
460,721
447,213
July 1 to Oct. 31... 1,372,285 1,313,358

Gal.Har.A B.Ant.;Oct.

S
{

530.660

Taxes dcflucted from net earnings.
Net cjirninss given Ijefore deductins taxes.

LVOL

&

The statistics following aie for the Richmond
Danville?
proper, comprising the main line and branches, the Mil.
Suth. RR., State University RR., Piedmont RR., Rich. York
R.
Ches. RR., No. Car. RR., and At. & Char. Ry., in ail 751

&

t^M

miles.

1891.

1889-90.

MUes operated June 30
Passengers carried
Freight (tons) carried
Freight (tons- carried one mile
Eate per ton per mile

751
980,568
2,777,342
258.6(8,764
1-21 cts.

1890.

1891.

8
«
S
$
Soadt.
831,090
859 004
773.516
800.000
Burl. & Qulncy.Oct.
7,952,000 7,735,156 2,816.461 2,609,662
Jan. 1 to Oct. 31.
45,215
41,514
"4,184
22,930
Chic. & West Mich. ..Oct.
300,285
246,331
199,825
232,214
Jan. 1 to Oct. 31..142,169
211,597
153,751
212,669
01ev.an.Cliic.& 8t.L.Oct.
557,683
655,856
857,213
852,921
July 1 to Oct. 31...
15.392
25.433
26,2t2
26.242
Det. Lens. & Nortb'n.Oct.
75,117
262,732
68,862
262,732
Jan. 1 to Oct. 31...
1,188
10,392
35,332
35,672
Kan. C. Mem. & Blr.Oct.
" ~
~~ "" def. 69,764 def. 41,927
139,462
142,687
July 1 to Oct. 31...

1890-91.

751
1,0>^4,477

2,969,829
274,5iO,689
1-20 cts.

EAKNINGB AND BXPEKSES.
1889-90,

Earnings—

$

1890-91.

$

Passengers

1,423,3.'S1

Freight.
Mail, express, etc. Unci uding Investments)..

3,125,251
1,051,911

1,498,815
3,290.443
1,158,101

5,600,713

5,947,359

973,488
840,788
312,131
774.833
210,212
75,430

1,084,083
918,902
308,141
499,227
199,K84
75,754

3,186,882
2,413,831

3,085,491
2,861,868
51-88

1889-90.

1890-91.

2,413,831

2,861,868

Total

Expenses—
Transportation

Motive power
Maiuteianccotoars
Maintenance of vpay
General
Taxes
Total

1890.

&

lOPERATIONS.

?I?,rd°Jd!;Sr;Vopt?ion-<lue roads operated on a Percentage
Net earnings
aKain|t_ -771,331 m 1890,
basis, net in Octoher, 1«91, was JTOJ .575,
Per cent of operating expenses to earnings
'80,162.
against
*5,
«6,189.o57,
31.
October
for 10 months to
account strike at mines upon wblcn
INCOME ACCOUNT.
t Fxnenses Include if;13,500
and bridge renewals.
setttemeSt has Just been readied, and $4,400 rail
in
Interest Charges and Surplus— The following roads,
addition to their gross and net earnings given above, also
report charges for interest, &c., with the surplus or dehcil
above or below those charges.
winter**, rentals, ite.—. ^Bal. of Net Eamt.—

LIIl.

Neteanilnga
Deduct

—

Dividends
Total
Surplus

500,000

500,000

2,162,967

2,149,465
712,403

250,864

Cailo.

ANNUAL REPORTS.

Wisconsin Central Company.

fFor

the year ending

June

^_^

1889-90:
1890-91.

Net earnings
Fixed charges, sinking limds

5,917,359
3,009,737

&

Changes.
Inc.

346 646

Deo. 101,714

2,937,622
taxes.. 1,725,219

Inc.

1,212,403

Inc.

Surplus

Deo.

448,361
13,178

467^593

Auxiliary sy-item, consisting of operating leases and companies controlled, average mileage 3,014-5
:

Gross earnings

Expenses

6,376,575
4.310,397

Inc.
Inc.

544 045

Net.......
Deduct fixed charges

2,066,178
1,954,471

Inc.
Inc.

338,397
39;950

Surplus...
111,707
Toial surplus over operating expenses
and all charges of the R. & D. system
exclusive of the Georgia Pacillo
1,324,110

Inc.

29i"447

Inc.

759,986

Georgia Pacific, 568 miles

Expenses
Deficit

Fixed Charges and taxes
•'"•'.'''*
^""'fl^*
T^J"^'
"i*'£''f*''
improvcineiits and
bettermonta

•Extraordinary expenses
]^otameflclt

205,648

:

1890-91.

a£?"ea™l°K8

1,889,315
1,90 2,132

12.817

Changes.
Inc.
Inc.

126!377
354;701

Inn

2i>s fjci

_807:580

iSc.

136,105

Tsojjjf

Inc.

426,992

Ino

361 429
2^1 7k7
202,141

_202,U1

ijoi^

COMPANY AND WIS. CENT. RAILROAD CO. CONSOLIDATED
INCOME ACCOUNT YEAR ENDING JUNE 30, 1891.

Earnings—

30, 1891.

the President's remarks, with many valuable tables, will be
found at length in another department of this issue. The
statistics below are compiled for the CHRONICLE in the usual
form, showing the earnings, etc., on the Richmond & Danville
proper with its branches. For the whole system the income
account is briefly as follows for 1890-91, with the changes

Gross income
Operatiug expenses

30, 1891,>

as they did not represent the Wisconsin Central Company's
income, but the gross earnings, &c., on the whole system as
reported by the Northern Pacific Company, lessee. Mr. Abbott's report was given quite fully in Che same issue on page
757, &c., and showed the following income account;
WIS. CENT.

The annual meeting of the stockholders of the Richmond &
Danville Railroad Co. was held in Richmond Dec. 2nd. There
were in attendance President John II. Ininan, Major F. R.
Scott and Mr. James B. Pace. The Secretary announced that
the amount of stock necessary for a quorum was 25,001 shares
and that the amount represented was 49,767 shares. The annual report of the road was presented by President Inman,
and was received and approved. On motion of Mr. Inman
the meeting was then adjourned until December 33 at noon,
when the fhareholders will again assemble at the same place.
The annual report is the most elaborate one ever issued, and

from

June

Attention has been called to the fact that the figures published in this column on Nov. 2lst, page 753, were misleatiing,

Richmond & Danville Railroad.
fFor

the year ending

in":

Inc. TOsiisi
•ITiettem of extraordinary expenses is charged senarat^lv lini-nnao
4ae to repairs which should 'havrbeen distrlbS^
tSroughVrevlouI

Net Not thern Pacific rental
MisceliaueouB

W. O. Co. W.C.SR.Co.
$
.f
601.695
665,626
288
896

Totals

S
1,267.321
1,185

602,591

665,915

1,268,506

460.709
Interestondcbeuturcsof leased lines. 20,400
479
Interest, exthan^e and commissions.
95,557
Engine and car rental
45,619
Trackage rights
General expenses and expense ac63,533
count operations prior to lease

252,834
14,340

719.543
34.740
6,497
259,108
68,642

51,160

114,693

692,298
def. 89.707
9.745

511,225
154,639
85,814

1,203.523
64.983
95,559

def.79,962

240,504

160,542

Total

Charges—
Net interest on bonds

T^tal charges
Burplus for the Tear
Add surplus June 30, 1890

Surplus June 30, 1891

Boston

& Maine

6.018
163,851
23,022

Railroad.

CFor the year ending Sept. 80, 1891,^
The annual report shows that the revenue of the year just
closed has been lai-ger than that of any other year in the history of this company. But while there is a steady annual increase in the revenue there is a corresponding increase in the
expense of operating. The demands of the public for large
and improved accommodations render it absolutely necessary
that the property be put in such condition as will enable the
corporation to perform a maximum business at a minimum
During the year 35 new locomotives have been purcost.
chased, and six, which had become too much worn to be continued profitably in the service, have been destroyed. Owing
to the worn condition of some of the equipment which has
been received from some of the leased lines the directors found
The master
it necessary to destroy 538 worn-out freight cars.
car builder has been ordered to commence the construction of
new cars to replace those worn out and destroyed. Five hundred freight cars and 25 passenger cars have been contracted
for to be delivered in the coming year.
Agreeably to the authority granted them the directors on
the 34th of June 1891 offered to stockholders the right to subscribe, in proportion to their holdings, for 46,564 shares of new
si03k.
This stock has nearly all been subscribed for, and the
no ley received from the subscriptions for the new stock will
be applied to the needs of the corporation as provided in the
The capital stock of the
legislation authorizing the same.
road as increased will be $30,954,000, and will consist of 178,043
shares of common stock and 31,497 shares of preferred stock,
of which 5,030 shares of the common stock is held by the
trustees of the Eastern Railroad, on which no divi dends are
rrr^
paid. ^RMd
^^^ ' f f^
The total expenditure made during the year for new rolling
stock has been $624,731, of which $150,137 has been charged to
operating expenses and $474,594 to equipment fund. The
-

' -

'

Dbobmbkb

THE CHRONICLR

6, 1881.]

amount charKod to construction durine the year in $-> JS,05.'>.
The funded dobt showri a reduction made during the year of
1317,225.
The mortKage bonds of the Essex Kailroad (now the
Lawrence Branch of the Eastern DiviHion), amnunting to
|I93,00!t, bpcamo due Sept. 15, 1891, and nearly aU of theae

888
KAKKINOX Airn

„in<t«*M»ii

The earnings, operations and income have been compiled
for the CURONIOLB for the whole system as belo\T

ilUnooat

:

1887-88.

mien owned

124

Miles liased

1,083

Tot«l operated

.

.

1

188<-89.

1849-90.

12t
1,086

,2o9

.

1,210

816
891

1.210

1390-91.

310
894
1,210

OrERATIOKS AND FISCAL RESCLT8.
1887-98.
1838-80.
1889-90.
1890-91.
Pasdenifprs carried 26,.'S89..'»2t 28,7I9,«81 30.322,03:1 31,42i|.73">
Pass. oir. one di1Ic.3.3.-i,102,183 87i),8l,<).48.l 408,494,403 41S.4r2.<>.-,5

O/mvlmiu-

.

1-802 ols.
l'7!>9ct».
1--<IH ot-*
Frc't (lons) luovcil..
6.83.'S,003
6.973,137
6,701.-211
Fre't (tons) mHeBKC.291,.'i59,747 834.031,246 43i,248.2!45 426.909. 177
Av. rutop. tonp. in.
I'OJScts.
1-647 cU.
l-S.'iTots.
l-U4-2ct«.

Av.ratcp. pass. p.m.

Earnings—

9

9

PasseiiRer

6,489,.565

6.»4.'^.715

7,347.201

•
7,M4.771

Fri>1«lit

5,700.r>(i9

6,003.431
012,661

7,llft,5i<3

7,011,127

62.%907

O.iO.TOl

13,001,807

15,091,691

15,182,r.G2

1,910.259

2.242,402

2,092,716

909,910

1,0.13,052

gio.-iss

2,n03,478
3,28S.O)0
282.H55
534,357

2.719,2^9
8,500,919
812,411

2,79.-..7<>3

9,479, 165

10,507,213
4,624,478

10,72S,t;S->

1889-90.

1890-91.

Uaill, express &c...

534,385

Total gross earn. 12,721,519
Rrpfuges
2,002,351
H97,407
Maiiitonaneoof oars.
Motive power
2,317,319
Transportation
3,04».0S1
314.412
Ueuoral
632,193
Taxes

—

Total expenses

9,241,762
3,482,757

Met eamlufcs

6751.540

4,182,312

3,85S.ii5'l

357,M02
683,210

4,453,977

IXCOME ACCOtTKT.
1887-83.

ReetipU—
KeT. e.-irnlnyjs..

Interest, rents. &c.

Total
Dis'iurtementg—

$

Interest on bonds..
Other interest
Blnktn.s funds

Dividends
Rate of dividend
Eastern BR

..

Total

Balance
Eastern BR.

is

9

9

3,482,757
386,279

4,182,312
397,325

4,524.478
439,500

4,453,977
497,334

3,869,036

4,579,687

4,963,978

4,951,311

2,882,902
321.373
51,438
11,779

2,931,517

2,.576.38I

2,018.0S0

3.56,911

530.544

98-2,-224

10'.l,8'>3

l.'i0.757

181,077

37,<'95

100.000

630.000
9 per cent.

030.000
9 per cent
436.000

3,830,545
Def 11,509

4,503.406
4,449,893
4.578.802
Bur.76,2dl Sar.514.085 Su^.372,^09

511.402
25.394

a>i,«7o

4!i.t2l

I»,W11

Totsl

OprraHug expfiurt —

1,769,731

Motive |K>wer
Halntcuniiee of

onrti

Matn-en^nco of wajr
General expense*
Taxes
Total
Net earnings

119091.

l«4n-<)0.

4O,024

1,124.101

5O3.730

39.737

6:W.56»
24.N0O
41,179
41,158

1,617,929

1,783,730

1,747.4«1

001,206

631.677
317.111
87.423
172,034

84A,a09

419.403
359,115
126,676
204,932

1,1

315.*<3^
10O.'231

191,338
7o,351

71,1124
48,7i{4

1,228.736

490,767

389,102

3I.M43

49,196

H2.317
IS.t.SU
80,203
47.0*7

,269.000

1,781,011

614,730

462.880

1889-90.

9

189001.
*

614,730

46'i.8.50

Bo.fl54

4'>,7a8

1,259,974

tn.-7i

44.AM
44.1 It

1

ixcoMK Accopirr.
1887-88.

—

Keet^pt*

Keteirnlnm
MlBOO laneous
Total
THsfivrtrment*—
Intereston bonds

18S8-80.

4i

9

499,757
794

389,192

600,551

880.690
16,682

Misocllaneoaa

11.751

29.181

389,192

620,450

492,031

376,6 '0
16,913
0,470

876,680
12,051
518

876,680

397,372
400,085
390.149
ror.103,179 def.l0,893»nT.136,331

Total

Balance

l.\040
4,130
80.5,8«8

^^06,168

Wilmington & Weldon Railroad.
fFor the year ending June 80, 1891.^
The report of the General Manager states that the increase
in maintenance of way covers $40,000 for new rails and cost
of substituting seventy-pound steel rails for fiftv-six pounds;
also the increa.se in maintenance of equipment arises from
new equipment purchased and built and charged to operating
expenses as follows: Eighty-five box cars, ten flat cars, two
sixty-feet postal cars and two passenger coaches, aggregating
" This
$69,682 ; also new shop tools $5,830. The report says
fiscal year has been the most successful one in the history of the
development of the Wilmington
Weldon Railroad and of the
territory which it serves. The cotton crop was an enormous
one, all other crops were abundant, and tteneral basiness was
correspondingly good. Our territory did not begin to feel the
eflfects of the New York money panic of November until late
in the spring. The effects of this panic are now upon us and
the opening fiscal year will h»ve to bear the burden of this
trouble, of the low price of cotton, and of the short crops in
North and South Carolina."
:

Kent lis

:

1833-89.

$

ft85,V»
26.211

CoiidiicliuK trausimrtatlOD

Car trnsM

Main of way, 4o

l,OOf.«74

,

l-!)37ot».
5,-^69,830

9

i8s«-an.

1,091.425

FMlMht.

have Bince been paid.

RXflill^t*,

1887-08.

Kaming»—

now owned by B.

&.

68,381
1,012,211
1.329.030
9>£ c; 3 pf 9 c; 6 pref.
J

M.

&

WILMINGTON A WELDON RATLROAD

Memphis & Charleston Railroad.
(For

the year ending

June

BABKtNOB AXD KXPEXBES.

80, 1891.

The annual report of President C. M. McQhee states that
no addition has been made during the year to the mileage of
the road. Tlie operating expenses were 70-83 per cent of the

ISS-i-SO.

Eaminnt-

$
831,103

PassenKers
FrelKbt

7Ul,-244

1889-90.

$
383,706
808,' 01
159.054

189<V91.

9
421..506

039,859

131,607
gross earniags, as against 68-33 per cent for the preceding Mall, express, etc
fiscal year.
It is remarked that, beginning with the fiscal
1,224,044 1,350,853 1.5.3.->,7U
Total
85.'.,67»
691,172
881.137
year of 1886-7 the gross earnings of the company show a Expenses
steady increase up to and including the year of 1889-90. ex680,036
632,872
669,716
Neteamlngs
cept the earnings for the year of 1888-89, when the yell )w
nCOME ACCOVST.
fever cpiden)ic prevailed on the line of the road. "The fiscal
1889-90.
1800-91.
RrreipU—
9
year ending June 30. 1890, embraced a period of great pros9
680,036
669.716
The construction and opera Net earnlnits
perity in the Southern States.
301.186
119.676
Interest, dividends, etc
tion of new iron furnaces, the erection of mills and manufac- Wil. <'ol. A- \ug. l.-'nse account.
151.602
193,678
61,475
tories, the buililing up of new towns and the improvement of Premium on bonds sold
16.430
traflBc,
and
old ones, cau^d a large increase in the company's
960,474 1,236,374
Total
of
$1,783,729,
the gross earnings for that vear reached thesum
Ditburtementa
and the net earnings $563,924. As compared with these earn- Tntcre.st on bonds
238,320
232.170
175.000
189017.\000
Interest
fiscal
year
of
on rertifloates of Indebtedness.
ttie
for
ings, the results of the operations
20,228
34,778
Iniorcst on notes
cent
in
the
par
to
203
equal
show
decrea-se
of
91
a
136,268,
200,000
200.000
Dividends
gross, and of $53,977, equal to 957 per cent in the net earn630,548
641,048
Total
ings, the expenses of operatina; having increased $17,709, or
696.8M
318.526
about 1-45 per cent. About 72 per cent of the decrease in the Borplas
gross earnings was due to the falling off in the local passenger
WrLMINOTOV COLUMBIA A ACOU8TA RB.
business of the road. The increase in operating expenses was
EABNIIteS AKD EXPENSES.
due mainly lo the large amount the company had to pay for
1390-91.
1881-90.
1888 89.
•
the rent of foreiim cars, to increase in wages, and to the large
EarnUigt
*
278,331
304 ,329
229.016
expenditures that were made during the year in repairing and PaesenKcrg
571,450
566.106
618.385
Frciglit
renewing wooden trestles." * • •
103,010
91.691
92,683
Mall, express, etc
:
"About 67 7 per cent of the entire tonnage and of the revenue
079.442
044.475
840,114
ToUl
from freights was derived from local sources. This percent605.430
648.140
63.b.518
age was practically the sa-ne for the preceding fiscal year." * Expenses
"The luigation on the part of the minority stockholders of
314.012
296.335
204,896
Net earnings
the company is still pending in Alabama, and continues to
n<COIf E ACCOCIT.
1300-01.
1889-90.
form the main obstacle in the way of putting the company in
Rettipf—
the
a financial condition that would enable it to provide for
296,336
814.013
eJirnlnsrs
Set
ipiprovethe
additional equipment so much needed, and for
21.100
29.386
Interest, dividends, etc
10.073
3.381
ment of its property. No material change has taken place in One-half profit of Cent BR. of Booth Carolina.
is
There
litigation.
the status of the minority stockholders'
S47,378
339,813
Total
the
Alabama
In
no litigation now in the State of Tennessee.
DOiburtemfntt—
06.000
06.000
original suit of Grayson vs. The C impany has been deciled
Interest nn bonds
B7.»t00
87.600
•
•
•
points."
liivldemU
the
main
in favor of the compiiny on
1A«.60i
ie3.67a
aeoount
Wil.
&
Wei.
BR.
lease
same
the
in
is
others
and
Woods
"The litigation of W. H.
The case was
30''.-202
847.978
condition as reported by counsel last year.
TtotsI
called at the last term of the United States Court. Tlie com
^
21,311
Balance, sarplns
of
application
upon
hut,
it,
try
were
ready
to
counsel
pany's
It will probaiUy
Wheeling * Lkke Erie Rallwar.
the complainants, the case wa.s continued.
be heard during the coming winter sesiions of the court. N j »
fFor the year ending June 30. 1891..^
new features have been set up in this litigation.
I
,
j ,
The annual report sUtea that operating expenses iaolaie ex
Elarnings, expenses and charges have been compiled for |
P'nditures mide during the ye*r for permaneot impro««
four years for the Chroxiolk as follows

—

—

:

.172,-261

:

THE CHRONICLE.

l-idH

[Vol. LIII.
EARNINGS AND E.XPENSES.

to the
filling, trestles, diminishing grades, Sec
extent of about $30,000.
"The construction which has so constantly engaged the attenceased and
tion of the company for the past three years has
have
the extensive improvements, of which the shareholders
been
been informed, have been completed. The company has
subjected to the fixed charges upon the entire issues of bonds
required for the construction of the Wheeling Division and
Steubenville extensions, but has only received in part the mcome to accrue from these important works. This is a necesthe
sary condiiion in all new construction. The interest upon
two issues of bonds, 82,900,000 at 5 per cent, is $145,000. The
time occupied in completing all the works delayed operations
diminuntil the season of ore traffic was practicully over and
ished materially the shipment of coal by Lake ports, so that
earnings from both these sources have been trifling during
the past season to offset the heavy interest account accruing
against these divisions. Notwithstanding this, however, the
company has been able to maintain its dividends, and the expected increase the ensuing season will accrue to the further
benefit of shareholders. The dispute as to rates with the
Wheeling Bridge & Terminal Company caused still further
delay in the development of traffic at Wheeling but arrange-

ments such as

1888-89.

—

Earnings
PasseDRers

1890-91.

38,067

165,043
279.687
54,174

174,419
425,801
60,448

330,215
267,777

499,504
336,807

660.668
432,780

122,438

162,697

227,888

22-*,175

Frelglit
Mall, express, etc

Total

Operating expenses andtaxes

Net

1889-90.

$
123,973

earnlnsrs

INCOME ACCOUNT.
1888-89.

1889-90.

1890-91.

Net earnings
Deduct —

122,438

162,697

227,888

Interest paid

112,282

137,763
19,887

164,049
31,376

112,283
10,156

157.650
5,047

Eentals
Total
Balance, surplus

195,426
32,463

GENERAL INVESTMENT NEWS.
—

Called Bonds. The following bonds have been called for
payment
Chicago South Park Bonds. The following bonds have
ments have been perfected now for satisfactory business interchange at that point of which the company is receiving the been drawn for payment January 1, 1893. payable at the office
benefit.
The increased tonnage handled during the past year of the South Park Commissioners, 1,133 "Rookery Building,"
was 9 '49 percent, whilst the increase of gross earnings was Chicago, 111., viz.:

—

;

17'03 per cent

and of net earnings

13-68 per cent."

Nos.

*

*

63-<,

059, 692, 696. 700, 752, 7C4, 773, 779, 801, 809, 852. 876,

932.938, 951, 953, 1,036, 1,041. 1,038,1,078, 1,117, 1,119, 1,125,

The Wheeling Lake Erie & Pittsburg Coal Company's opera-

1,153, 1,166, 1,185, 665.

have yielded a profit sufficient to pay its own fixed
charges, and it has furnished the railroad with the large tondemand has been
nage of 391,757 tons, as above mentioned.
created for the product of the mines, which would have
enabled the sale of at least 250,000 tons additional had the output been equal to this during the season of navigation. The
gross earnings of the company were 1388,473 and net income

tions

—

&

Nashville. Evansville Henderson & NashDivision bonds have been called for payment December
at 110, as f jUows, interest ceasing December 1

Louisville

A

ville
1,

:

Nos. 18. 25. 158, 366, 385, 400. 4;0, 681, 697, 743. 800. 934, 1048,
1081, 1153, 1155, 1290, 1362. 1388. 1433, 1491, 1537, 1694, 1820,
1831, 2072, 2091, 2209, 2389, 2370.

Louisville New Albany & Chicago.— The board of directors have decided to issue $3,300,000 of the new stock
quarter of the current year, ending September authorized, and stockholders of record on December 15 will
30, 1891, the net earnings of the Coal Company were §30,951, have the right to subscribe for it pro rata at 35.
It is said
leaving a net balance of $9,401 above interest requirements.
that parties are ready to take all the new stock that may not
The report concludes: '-In April last the directors felt justi- be desired by the stockholders. President Thomas issued a
fied by the outlook for enlarged business in increasing the circular explaining the purposes to which the proceeds will be
dividend to 5 per cent upon the preferred stock. The returns devoted. The company should have additional facilities La
blready received for the four months of the current year, with Chicago, should widen the narrow gauge into the quarry
the apparent prosperous outlook for the coming season, seems districts, equip the Indianapolis division with heavier steel
to justify a continuance of this rate of division. The gross rails to afford safe and fast travel, increase its equipment,
earnings for October were $133,177, being the largest in the
and replace many bridges.
history of the company, and the averase for the four months
The circular thus explains the advantages that will accrue
elapsed in the current year has been $117,517, being 1V38 per
from improving the road:
cent increase over last year. The general prosperity prevail"Each of the above suggested improvements is comparaing thoroughout the country is shared in full measure by the
tively small in cost, but the benefit which your traffic will
territory tributary to your line."
derive will be most important, both by an increase of its gross
The earnings and charges are given below
amount and still more by the saving in expense which the
EARNrNGS, EXPENSES AKD CHARGES.
improved plant will enable. Your General Manager, Mr. Mc1887-88.
1888-89.
1889-90.
1890-91.
Ooel, has ventured the estimate that your net earnings will be
Eurnings from —
$
increased $350,000 in the year 1893 if he can be furnished with
Freight
628.591
648,661
815,192
962,706
Paeseugeis
137,6H6
146,564
154,177
178,474 adequate equipment to accommodate the business offering
Maili', express & miscellan's 52,093
75,270
78,050
84,125 and with facilities for unloading the same at its destination.
"This estimate seems a large one to be gained by so modest
Gross earnings
818,332
870,495 1,047,419 1,223,305
of your
Operating expenses & taxes.576,517
568,337
649,331
772,770 an expenditure as is contemplated, but the conditions
road are peculiar, and the directors are prepared to accept as
Net earnings
241 ,835
309,158
452,533
398.088
well founded the estimates of the General Manager above
Interest paid
145,322
150,0o6
187,500
290,542
given. The earnings of your road have increased during the
Surplus over interest
96.513
152.092
210,588
161,993 present calendar year $350,000, even under the difficulties
rivldcnds paid
70,£68
144,866
144,000
167,000 which surround its conduct, and if the further increase hoped
for should ensue it will be the policy of the board to divide
Balance, eurpluB
26,245
7,226
66,588 def. 5,007
among the shareholders any surplus earnings which the operations of the company may warrant. The board believes that
CleToland & Canton Aailroad.
it is the duty of directors to assist so far as they can not only
fFor the year ending June 30, 1891.^
the development of the intrinsic values represented by the
The annual report of President H. A. Blood remarks
shares, but also to assist the permanent market values of the
"The equipment of the road is of the most approved and stock if possible; and should the earnings of the company
modern manufacture, and during the past year has been in- justify a division of its profits among stockholders in the
creased by the expenditure of $147,674, making a total cost of future, the directors will present to the shareholders a pro$734,434, all of which has been paid except a balance of $190,- posal for classification of the stock into preferred and common
160, which is outstanding in the form of trusts maturing in
for the purposes of such division, giving thereby to every
quarterly payments within the next three years.
stockholder a portion of his holding in a preferred stock which
"This road has 790 preferred stockholders, representing a shall at once be a safe investment security and leaving him
capital of nearly $8,000,000. nearly aU owned and held in Mas- still the majority of his holding in common stock which shall
Bachusetts, Maine and Rhode Island.
carry control of the property."
"The preferred capital stock of the Cleveland
Canton RailOhio & Mississippi. At a meeting of the directors of the
road is represented by a little less than 80,000 shares, all of
Mississippi Railroad in New York on Nov. 30,5counvbich -was paid for in cash. The entire debt of all description Ohio
on July 1, 1891, was $3,878,869. which is equal to $34,150 per sel of the company gave their opinion that the vote of the
Co. having
mile. Of this debt $3,737,000 is funded for 26 years at 5 per shares standing in the name of Brown, Shipley
cent interest, and during the coming year, or as the obliga- been deposited in a voting trust could not be legally cast in
tions mature, the balance will also be funded in the same way the State of Ohio under the decision of the courts of that
for the same time, by the sale of the new equipment trust State. In accordance with that opinion James H. Smith, Edand improv ment 5 per cent bonds, branch railroad and other ward H. R. Green and Edwards Whitaker were recognized as
bonds owned by the company ($400,000). (Since July 1 $150,000 having been legally elected directors. The old officers were
more of this debt has been funded by the sale of these new then re-elected.
protest was presented by a lawyer against
bonds, and the floating debt correspondinglv reduced.) *
* the seating of Messrs. Smith, Green and Whitaker as direct"We muBtto some extent repeat what has been said in former ors. The demand was made that Derrick Fahnstook. S. Sterreport?, that the Cleveland & Canton Railroad is geographically ett McKim and Julius S. Walsh be recognized as directors,
well located for a continued ttnd prosperous busmess,
who were elected Nov. 19 by the B.
O. party by a vote of
as it
connects together, and is practically the only thoroughfare 147,760 shares, against 43,000 for the others. Legal proceedbetween, four of the important cities of the State of Ohio
ings are pending in Ohio to obtain a judicial opinion as to
Mississippi elected Nov.
whether the directors of the Ohio
'®y^'*?^-^;?'''^ S population of 370,000, Canton
^l^
dO.OOO, Co»hocton 4,000 and Zanesville
Nothing will be done until
19 are not entitled to be seated.
35,000, allthrUtv crowjng manufacturing cities."
this opinion is obtained.
Earnings, expenses and charges were as below given:
pr~ For other Railroad and Investnient News see Page 846.
43,414.

For the

first

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DCCBMBEB

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THE CHRONICLE

Q, 1881. J

l^eports and UocumetitB.

837

TUE AUXILIARY MYHTEM ID CONTUOLLEO AA roLlXtWi.
i,,,
<Roads controUtd by Leant*— liontU u
g^.
dor$ement. Thette ruads are all leaied
yean
fur their net earnioK*, IhU company axt'
-„
a^
deficiency re<|uir.'d to pay fixed cliarifen
ainounu m> auTanced to be repaid to this compnnv with iaten-itt at nix p«>r
cent betore any diridenda can bo paid upon (he Mtiritn at Mli
<

i

RICHMOND & DANVILLE RAILROAD.

•

:

^

.

.

••

;

FORTY.FOimTnjiANNUAL REPORT-FOR THK FISCAL YKAR
ENDED JUNE 30. ISUl.
To

the Stockholders of the

Company

Richmond

<!•

:

OFRRATIXU LlASKIi.
These roads are leased for ninety-nine years for their net
Danville Railroad earning. In event of the net earnioKS ni>t iteinit siii)><'>..>ii i<,
pay fixed charues this company ap-res to advat>

The Pre9i<Ient and Board of Directors of the Richmond &
Danvilie Kailroad Company respecbtully submit the following
report of the operations of your company for the fiscal year
ending with Juno 30th, 1891.
The roads owned, controlled and operated by the Richmonl
Danville Riilroad Company at the end of the fiscal year,
June 3()th, 1891, constituting the Richmond & Dan\ille system, with the mileage of each, and the manner controlled, are
as follows

&

RICHMOND & DANVILLE RB.
ItUet.

RlubDiond to Dauvllle,

companies.

Va

mies.

.Vilrs.

140
V2

Braui-bes

DClency, the same to be repaid with inlerant at n:
i.l
per annum l>efore dividend') can te paid on the Mtocks,
The roads controlled try ownership of serurtiies, but optrated as sep%rate eonipani-a are operaled by this rompacur
for account of the several companiea. no obligationj belsg
asHumed by this company to malte any advances.
The Georgia Pacijl-: Rtiliriy l?ase is for twenty years from
December 19, 18*!8. This lea^e provides for the operation of
the road for its net earnings, this company undertalcinfr to advance any deficiency in the net earnings to meet fixe<l ciiargea;
such advan<;es to l>e repaid this company with interest at tix
per cent pt-r annum, before any dividends can Ije niid bv the
Georgia Pacific Railway C j. upon its income bonds or stock)

t53

New

Controlledby ownership of stock and bonds.
Operated as part of Richmond & Danville Railroad.

YADKIN RAILROAD.
Yadkin Railroad was constrjcted and pjt in operation
during the year from Salisbury to Gold Hill. N.
It wail
also completed from Gold Hill, N. C. to its terminus. Nor:
wood, N. C. (len miles), during the month of June; but this
additional mileage was not put in operation before the clossof
the fiscal year, and therefore is not included in the operation^
for the year. This road, which was built as a feeder to the
main line, penetates a rich agricultural section heretofore
without railroad communication.
Tlie

Miltou .& Sntliorlin KK., Milton to Siitberlln
State Uulveraity RK., Chapel UlII to University,

7

N.C
Lkasbd for Fixed Rektau.
Danville, Va.,

Rirbinond Yort River

mnnd

&

to GreeDBt>oro,

Chesapeake

RR

50
RlcU-

,

West Point. Va
NorthCaroUnaRR..Green.sbo o to Charlotte, N.C.

39

to

»3
130

Greensboro to Goldaboro, N. C.

NORTU CAROLINA MIDLAND RAILROAD.

223
Atlanta

C,

Charlotte Railway. Charlotte, N.

<St

Atlanta,

Fourteen miles of the North Carolina Midland Railroad between Winston, N. C, and the Catawba River, were also completed during June, but not put in operation until after th*

to

Ga

26»

Total Milkage of Roadr Operateu as Richmond & Danville RR. Pkoper

75 1-0

AUXILIARY SYSTEM.
The folloirina roads are controlled by

leases,

& .Western RB Alexandria to
Koiinl Hill. Va,
Northwestern N. Mb Carolina KB., Greensboro to

Bonds guaran-

C

Clarksville&N.

C.

Oxford

MUrs.

Stiles.

3lilfs.

50
100

RR.

>

& Clarksvllle RR.

7

Clarksvllle, Va., to)

5

Durham, K.

C.

.50

t

fli

Thii

the DaLvilia
extending from Danville, Va., westward^
ly to Stuart, Va., 70 miles. The consideration given for this
property was the endorsement by this Company of S'jOO.OOO
First Mortgage Five Per Cent Bjnds of the Danville & Western
Railway Company. In this transaction this Companyjre-

VlrRiuia Midland Railway, Alexandria to Dan-

Va

2.31

n.T

Branches

346

Western North Carolina RR.. Salisbury

to Paint

C
Murphy Branch—Asheville to Murphy, N.

Roc'i, N.

C.

190
119

ceived

Charlotte Columbia A Augusta RR., Charlotte,
N. C, to Augusta, Ga

Branches

& Greenvlllo RR.,
C

Columbia

Braucbes

& West. RR.. Statcsv. to Taylorsv., N. C.
& Henderson BR.. Oxford to Ileud.. N. C.

Rich. & Mock. KK., Kcysvllle to Clarksvllle. Va..
Nortbonstorn KK. of Ga.. Athens to Lula, Ga
High foint, B. A. & Bo. BR., High Point to Asbboro, N.

296
20
13
31-5

the Central

40
J,44C'>

The following roads are controlled by own-

Apbcville * Spartanburg R. B., Asheville, N. C,
to Spartanburg, R. C
Ellxrton Air Unc R. R., Elberton to Toocoa, Ga.
Lawrcnoeville R. R., Lawreuceville to Suwannee,

51

Roswell R. R., Boswell Junction to Boswell,Ga..
Hartwell K. K.. Hartwell to BowersviUe, Ga

10
10
10
31

Yadkin B.

B., Salisbury to

Gold

Hill, N.

& Blohmond

C

B. Co.,
Baltimore, Md., to West Point, Va (estimated
equivalent railroad mileage in value and earning power!
The Geoi'gia Pacillo Kailway {oocUoilcd by operating Ica.-jC for tweuly years from December
19. lH!-8.' Atlanta, Ga., to Greenville, Miss

&

182

200
458-3
108-3

566-5
2,602-0
3.353-0

Total Mileaob Operated

The following mileage was added during
Ya<lkln R.

&

70

Total MiLEAOE of Auxiliary Ststem

(to

Murphy Branch)

R

the year

7

-•

31

The average mileage operated during the year (Including
stea'uboiit line)

Increase over the average of last year

&

S.

Sundry branches

Western North Carolina R. R.

entire issue of $'3,303,000 of the first mortgage 4' i jier cent
Nortlifrn RaBbonds, due March »8t, 1990, of the Macon
road, extending from Macon to Athens, Ga. The Macon
Northern Railroad was lea.sed ou June 15th. 1891. for 99 years
Bankinf^
jointly by this Company and the Central Railroad
(Company of Georgia. In this transaction the Richmond Jk
Danville Railroad Company received one-half of the total
Northern Railroad Company
capital stock of the Macon
and $1.50,000 in cash for the improvement of that road. The
operation of the Macon
Northern Railroad was not assumed^
by this Company until after the lx?gianing of the fiscal year^'
commencing July Ist. 1891. This road will prove of great
value as a feeder to the main line, as it reaches the early vegetable section and will partially control that traffic.

&

ership of securities, but operated as separate companies :

Baltimore Chesapeake

MACON & SORIUERN RAILROAD.
this Company became the gtiarantor, witlf
Railroad & linking Company of Georgia, of the

&

ToUl

Ga

i-«

During the year

28

C

Western Itailway
a

being operated as an independent company; its operations are
not included in this report. The past operations of this road
indicate that it will earn the interest on the bonds not held by
this Company, and the business derived from the control of
this road makes it a valuable feeder to the main line.

191
172
143
1S3

Statesv.

&

&

to Grecn-

,

of the stock of the Danville

§.533,000 of its First- Mortgage Bond> out of
total issue of $1,05-2,000.
The Danville
Western Rtilway

303
ville,8.

all

Company and

300

Columbia

DANVILLE & WESTERN RAILWAY.
Company acquired during the fiscal year

& Western Ilailway,

ating leases:

Oxford

is projected from DanVa., through Winston, N. C, to Statesville, or a point in
that vicinity on the Western North Carolina Railroad. This
line will pass through a rich section of North Carolina not now
covered by any railroad, and at the same time will form
link in the second line between Charlotte. N. C. and Danville,
Va. This line, when completed, will be exceedingly vhtuablp
for the relief of the pressure of traffic on the main line between those points. The present intention of the Company,
however, covers the construction only of the line from Winston to Mocksville, N. C, about 28 miles.

207

Total.

The following roads are controlled by operville.

The North Carolina Midland Railroad

,

,

Wllkosboro. N.

close of the last fiscal year.
ville,

teed by endorsement

Washington Ohio

C

.

11

Ploiliuout RR.,
N. C

Roads.

EARNINGS, EXPENSES, ETC.
The foUowinit statement shows the operations of the Richmond & Danville Riilroad, and leases for fixed rent;iU, "51
miles, for the year ending June 30th, 1891, compared with
1890.
1891.

Oroaa eamlnKo. Including
Interest on lnv<-iitiueut«..»5.947.3.'*9 11
Operating expenw.-s
3,009,736 68

«o

'>''

Iitemue.

.VMw.'iJ-a |i346.«483a
3,111.451 43 *1UI,714 7S

Net earnings
92,937,62-.i 43 «3,48»,261 3U
Fixed rbarges.
olnklng
1.738.307 31
funds and taxes
1,725,218 62
Su rplus-

'

1890.

'Dtcresae.

.91,212,403 81

«7&0,Se3 97 •461,539 »4

:

.

THE CHRONICLE.

838

Auxiliary

IVOL. LIIL

System.

The FoiLOWUiO Siatemekt Shows thb Opkratioss of the AciiuABr System, Exclusive of
Yeabs Endisg June

30, 1891

and

1?90.

tiik

Uboroia Pacutio Bailwat, »or thb

(For lack of space ccuts are omitted.)

Average Mileage Operated during the year, 2,014-5.
Expenses.

Gross Earnings.

ROADP.

Fixed Charges and

yet Earnings.

Surplia.

Taxes.

1891.

Boads Leased. Bonds Guaranteed
by Endorsement!

1890.

1890.

1891.

297,255

278,363

1891.

1890.

1891.

1890.

1891.

263,069

108,333

34,186

224,849

189,403

2,274,383 1,489,3801,509,378
679.283 639,630
889.938

906.548
333,700
342,643
249,538
33.784
18,625
13,024

765,005
250,308
292,476
278.110
23.072
17.927
Def.723

743.519
222,S60
305,731
278,949
2?, 170
24,863
25,924

743.053
243,130

386.696

1800.

DeM 16,516 Detl55,2ia

Operatino Leases,
Virginia Midland
Western North Carolina
Cliarlotte Columbian Augusta..
Columbia it Greenville
Korth Eastern of Georgia
Blclimond & Meclsleuburg
OUier Koads

2,39.=i,929

1,013,043

992.748
875.484
96,720
61,451
58,068

912,560
842,231
81,357
63,750]

50,159

163,029
21,951
111,200
7,177
36,912 Def. 12,690
276,059 Def. 23,411
2.050
20,127
11.614
2,945
24,831 Def. 6,240 Def. 6,903
25,089 Def! 12)59»|Def.' 25",813

.305,167

5.493,446 p, 114,382 3,595,520 3,188,204 1,897.926 1.626,177 1,623,722 1.637,459
1

Companies controlled operated as
separate companies

496,432

436,513

420,892

353,474

From the preceding statements of the operations of the system for tlie flrcal year, it will be seen tliat the Richmond
Danville Railroad Company, including roads operated under
leases for fixed rentals, earned a surplus over operating expenses, fixed charges and taxes
Of
$1,212.403 81
Deduct from this the loss on roads leased, the bonds of
which are guaranteed by endorsement
116,516 03

&

Leaving a surplus earned by the Bichmend

BK.

&

Danville

Co. for the year in excess of its fixed obilgatious of.$l ,093,887

78

The operations of that part of the system from which no
fixed obligations are imposed upon the Richmond & Danville
ER. Co. are as follows
:

Surplus earned by operating leases, exclusive of Georgia
Pacific By. in excess of fixed charges and taxe.i
$274,203 83
Losses incurred by companies concrolied, but operated as
separate oompunies
45,980 39

Net surplus
$228,223 44
will thus be seen that the net results on the Riohmond &
Danville Railroad, exclusive of the Georgia Pacific Railway,
show a profit in operation during the year in excess of fixed
charges and taxes

"It

9'

$1,324,111 22

•,

An Increase as compared wlih year end. Juno 30 1890 of.
759,986 72
fa There was expended on these lines during the year for improvements and betterments the following amounts, which
were charged to cost of lOadway and property of the several
companies
Eiohmond cfe Danville BB. and fixed leases
Boads leased Bonds guarauteed by endorsement

$106,l.'i6 91

lO.oOS 33
460,599 34
36,476 28

Operating leases

U)mpanie8 controlled, but operated as sepaiate oomp'a..

™»1
$613,737 84
A aecrease as compared-with year ending June 30 '90 of $78,591 06

.

GEOEGIA PACIFIC BAILWAY-(566-5
The

Miles).

on the Geyrgia Pacific Railway for the year
ending June 30 1891, compared with 1890, are as follows
results

:

1891.

1890.

Gross earniuES
$1,889,315 83 $1,762.9J8 34 Inc. $126,377 49
Operating exiM-uses.. 1,902,132 27
1,547,131 2:i Inc.
4,701 Od
Exoess of oper. exp's.
$12,816 44 '$215,507 13 Dec. 1:^£,^8.323 56
Fixed charges, sink'g
k funds and taxes
807,580 49
731,474 65 Inc. 136,105 84
'

Deficit

$880,396 93

JEip ded for improve-

ments

59,919

67,418

105,899

87,658, Def. 45,980 Def. 20,240

6,376.575 5.832,530 4,310,396 4,104,748 2,066,178 1,727,782 1,954,471 l,914,52ll

Total

& bett'mts...

$515,967 53

426,992 83

Extru'ry expd'rs for
repairs. charKcablo
to previous years..

195,205 07

Inc. $364,4-.:9

40

231,78 7 76

Inc.

274,203 Def. 11,283

111,707 Def. 186,739

The gross and net earnings of all the roads in the system,
with the exception of the Georgia Pacific Railway, show a
steady increase in the net earnings as well as iu the gross.
During the past year the " Roads Leased, Bonds Guaranteed
by Endorsement," show an increase of nearly two hundred
per cent in the net earnings compared with the previous year.
All of the large roads covered by operating leases, with the
exception of the Georgia Pacific and Columbia & GreenviUe,
earned largely in excess of their fixed charges during the past
year. It is certain that nearly all of the leased roads, which
a few years since appeared to be a burden to this Company,
are now in a position not only to be self-sustaining, but to
gradually return the advances made by this Company to them,
mainly for improvements and betterments of such properties.

FBEIGHT TEAFFIC.
The

freight traffic shows satisfactory results. The increase
in revenue from th s source on the system over the previous
year was $533,777, or 7 per cent. The number of tons bandied
increased 639,938, or 9 9-10 per cent, and the number of tons
hauled one mile increased 42.660,685, or 7 6-10 per cent.
The following statements show the ton, mile-tons and earnings from freight traflSc for the year ending June 30th, 1891,
compared with the previous year.
Freight traffic Richmond
Danville proper (751 miles) for
the fiscal years ending June 30th, 1891 and 1890.
Sale per Ion
Tons.
Tears.
Mileage.
Earnings.
per mile.
1891
2,969,829
274,520.689
1-20 cts.
$3,290,443 18
1890
2.777,342
258,668.764
1-21 otB.
3,125,25094

&

Increase..

Freight

192.487

15,751,925

Richmond

$165,192 24 Deo. -01

and

1890.

Years.

5,581,771
5,189.634

Increase.

Freight

292,1.37

traffic

472.593,411
457,686,123

Earnings.
$6,696,385 96
6.311.236 01

14,907,288

$383,149 05

Mileage.

Tons.

1891
1890

Georgia Pacific Division for the

ending June 30th, 1891 and
Years.

1891

1890
Increase..

Tons.

1,369.690
1,131,891

237,799

202,14142

Years.

$711,172 60

Inc. $798.358

52

Surplus over operating expenses.
The increase in the expenses of the Georgia Pacific Railway
lor the year u. due to the expenses arising from
the operation
or the liae west of Columbus to the Mississippi
River the
earnings of which were not satisfactory, and also
to the expenditures for improvements in the main line from
Atlanta to
Lolumbus, Miss. The condition of that line has now
reached
a high state of efficiency, and the Georgia Pacific can
be operated much more economically
hence the results since the
Close of the fiscal year on that property
are more satisfactory.

1891
1890

Bate per ion
per mile.
1-42 ctB.
1-38 cts.
-04 Ota.
fiscal

years

1890.

Bate per ton
per mile.
0-92 cts.

96.922,616

Earnings.
,148.209 73
1.000,671 00

27.753.397

J147,628 73 Deo. -11

Mileage.
124,67(1,013

fil

Freight traffic Richmond & Danville system
years ending June 30th, 1891 and 1890.

rideflcltfortheyear
in o per. of U. P. B> .$1 ,509.531 13

ctg.

&

Danville ay.^tem (exclusive
Gfeorgia Pacific) for the fiscal years ending June 30th, 1891
traffic

Tons.

Milcaye.

6.951.461
6,321,5i5

597.269.424
554,608,739

629,936

42,600,685

Earnings.
$7,844,685 69
7,311,907 91

1-03 ots.

(all

cts.

roads)

Rate per ton
per mile.
1,313 cts.
1,318 cts.

•

;

GENEBAL EESULT8.
The foregoing

statement.-, of earnings, etc..
gratifying results in the development of
tlie

show

the

most

Company's

busi-

y«ar on the entiie system,
.laieiu,
fnH.'J^^
mcluding the Georgii Pacific Railway,
*'.'^'^«''*'""'°^^ f°'' t"^"

$14,213,250 64
13.196.18139
11,6 27,381 86

For°f8()b."::V

Forlt89
Ti..^*J?*^

15?

an increase over 1889 of

?89o"°"^''*'

(or 22-3
*"''''* 'y"'='" tor

FOP1889'.'.;;;

^J

Increase over 1889 (or 24-2 per cent.)

"#^^5 3fis 7S
per cent)
1891 were.. lilsgfJSI ?o
4,432.-^50 si

4,018,29803
$972,686 67

Increase..

$532,777 78 Deo. -005

cts.

PA88ENGEE TBAFFIO.
The revenue fromPassenger travel shows an increase on the
entire system over last year of 1338,641, or 8 7-10 per cent.
Of this increase 554,303 was derived from through passengers
and $284,377 from local passengers. The averaga rate received (rora through passengers was 2 63-100 cents per mile,
an increase of 0"1 ctnt. The average ratf received
from
2"75 cents
local
passengers was
per mile, a
decrease of 03-100 of one cent per mile in the average local
rate.
The increase in the passenger business is very satisfactory, particularly in the local travel. The Company has
endeavored to develop this class of business by facilities and
reasonable rates. The average rate received from local passengers is evidence of the latter fact, although much of the
country through which your roads pass is sparsely settled and
the travel necessarily light.
The foUowing statements show the passengers carried, the
number of miles traveled by passengers, the earnings, and
rates per mile.
Passenger traffic of the Richmond
Danville system (all
roads) for years ending June 30th, 1891 and 1890.

&

Dbokiidbr

THE CHRONKJLK

0, 18U1.]

TnRoiiaii Pamknoeii*.
rrar».

1R91

.

18H0

.

Increase
Tfart.

ISni
1890

InoreaM
r«ir».

1691

IbOo
Inorease

Pattfngtrt.

Milm.

Rariiingi.

S1S,4in
aSI.UiO

40,S<0,I0'»

$l,2i2.7HiS3
1.1(<H,M9 07

203

46,204.235

18,770

323,1»B3

$31,2(13 80

MO

Kale Pit

itilr,

rt«.

U-33 oU.
fltn.

liOCAL rAfWINOKU.
yUK$.
RarHinq: Bale P»r ilil'.
Paftmgfti.
100,121,760
92,004,002 03
Zlt) rlH.
3,18(1,051
07,770.1A3
2,714,014 30
2-7S oln.
2.754,803

$284,377 38 Deo. 03 rt«.
TiiRoiinn AND I/or»i. Pabsknokk*.
Mile*.
Earningt, Ratettn- Uilf.
Pasurngfri.
1,'>B,(U)1,048
$4,221,773 60
8,^50.470
2-7J cU,
3,883,134 47
3-70 nU.
3,100,445
148,983,388
411.246

450,023

M

:

.

11,3«2,507

$338,04100

11.668.500

-01

cU.

880

Va., smntod to the Cheanpenko
Batinfactory to this Company and

&

Ohio Riilwar upon U>rnM

the VirgloU Ifidisad

wa» (-^mpnny.
Thi» contract is
that it ahoohiioly

RUP

"iny for thp rMMB
K. Oliio Railing

•

•

i

'

from pirnllcling

vir^irui

tin'

^iniiiiriii

iinilway in order tO'

reach WnstiinKton.

The cx|K'ns(M cm that part of the Virginia Midland wed
jointly with the Chmapeakp
Ohio Railway will l>eleM,
the latter road hears a Dart of the expense of maint«>nance at
that line in proportion to it« irnfflc. Thisconlrocl wanentered
into in pursuance of the policy of the manaiCMmcnt to grant
all rpnsonnbli> facilities over its roads to conm-ciini; lim-nand
competitor! on Ihn most liberal terms, ond thereby try to prevent unnecessary and ruinoQi paralleling so common daring
recent years.

&

BINKINQ FUNDS.

GENERAL MANAGER'S REPORT.

fixed charges for the year, covered by the 8tatom<'nts of
operations, include the following amounts deposited with the
Trustees for the purchase of bonds for thesinkinji; fund, viz
Rinbiiinnd A Danville RR. Equipment Mort^axe 3 per cent
Bond^ofSept 3. 18^0
$31,509
aoorKia Paoltlo Railway Eqiulpment Mortgige ft per cent
51,235
Bonds of July. 1889
These sinkins; funds were appliel by the Trustees to the
purchase of bonds and the following amounts purchased and
retired :
$37,000
Rirbinond * Danville RR. Equip. Mort. 3 per cent B()nds
63,000
Geornria Faclflo Railway Equipment Mort. 5 per cent Bonds.

Attention is (»Iled to the report of the General Manager,
which gives in detail the Improvements io the physical oondi'ion of the property durine the year.
From this starcment it will l>u noted that 13,776 tons, or IM
miles of new 00 >.^ and 70-pound steel rails have been pnt in
the track, the cost of whicli, with fastenings, after deducting
the value of old rails, was $812,200.
51-8 miles of new side track have been added and 10 '34
miles of new side track graded and made ready for the rails,
coating 1207,200.
27 wooden bridges and trestles have been replaced by the
most improved iron bridges and viaducts ; there was expended on this account and for improvement of bridges and

The

:

.

INCREASE OF DEBT
The bToks of the Company shsw the followins; increase
the bonded debt during the year ending June 80th, 1891

in

trestles generally, $231,300.
large amount of t>allasting

has been done, and it will be
A
noted that the General Manager reports that cross-ties, buildings, platforms, bridges and all other superstructure, have
Mc)rt%'aea B >n1i depo<itcil nndir tlio above loorlitage) to
maintained, but greatly improved. The
$465,000 not only l>een fully
pay for tlic conaiructlon of tho Yadlcin RR
cost of improvements and betterments of cross-ties, buildings
Equiimicnl MoriKageft per cent Slntdng Fund Bonds -Issued
to take up raaturlug (Jar Trust Warrants and Equipment
and platforms was $555,400.
278.000
Certificates
A new round house and repair shops have been erected at
$713,000 Birmin,iham, Ala., at a cost of $83,100. and the Georeia Pacitio
Total
Road has now ample mechanical facilities at that point for the
Deduct Consolidited Moi-tKasre Bonds due May Ist,
$16,600
l^Oit, redeemed durin:; the year
prompt and economical maintenance of rolling stock and
Bonds
of
per
cent
Morlgaste
5
Equipment
Deduct
equipment.
57,000
Sept. 3d, 1839, purchased for slnUng fund
The General Managers's report shows that $1,688,839 was
73,000
expended for iraprovements and betterments during the year,
$569,400
Increaae In bonded debt
of which $1,040,900 was charged to property account and
Of the above new bonds issued during the year, $145,000 j647,900 to operating expenses.
Equipment Mortgage 5 per cent Bjnds were sold the balFrom the report of the General Manager it will also 'e seen
ance of the new bonds are still in the treasury of the Com- that 37 locomotives, 24 passenger cars and 1,315 freight cara
increase
in
pany. There has been, therefore, practically an
were added to the equipment during the year.
the outetanding bonded debt of the Company during the year
AUDITOR'S REPORT.
of only $71,400 as follows
The report of the Auditor submitted herewith includes the
$145,000 general balance sheet of the Company at of June 3(1, 1891,
Bonds sold
*,„„„„
$16,600
Less bonds redeemed
and statements showing in detail the earnings, expenses, in.'57.000
Less purchased for sinking fnnd
„ con
come account and profit and loss account of the Richmond Sc
Danville Riilroad Company; also similnr statements for all
$71,400
Netlnorease
of the larger roads controlled by this Company. His stateyear
over
last
increase
The floating debt shows the following
ments also show the freight tonnage and passengers carried
Bills payable. Increase
daring the year, all of which indicate handsome increases.
'^'^i'^'Z'Jo
' i"fi*4
Accounts
counts Payable.
Pavable. Increase
CENTRAL RAILROAD OF GEORGIA.
15,863
Pay Rolls, increase.
June 1 the Georgia Pacific Railway Company leased all
On
f 2,336,301
Total
of the railroad property and steamship lines owned and conThese increases are more than offset by the increases in the trolled by the Central Railroad & Banking Company of Georfollowing assets, viz.:
gia for the terra of ninety- nine yeirs. Under a contract with
-. $1,548,614
the Georgia Pacific Railway Company this company assnmed
Advances to leased lines. Increase
Balances due from ooaneotlng lines, agents. Individuals and
the operation of the Central Railroad and Steamship Lines
companies. Increase
ZiJ
-=o simultaneously with the lease by the Georgia Pacific Railway
/.'•4.oDi
Cash. Increase
Company. Under this contract your company receives all
:

Consolidated Mortirage 5 per cent Bonds IsBUed (In eiclimifofora C!irrc^3ponillnK nmouut of Yadkin RR First

;

:

.

—

»2.501,966

Total

PROPOSED NEW EiJUIPMENT BONDS.
The stockholders at a general meetiog held on the 22d of
June last authorized the issue of $3,000,000 Six Per Cent
Equipment Sinking Fund Bonds, to run for fifteen years from
rolling
1st, 1891. for the purpose of acquiring adlitional
stock and equipment. Arrangements have been made to provide, by these bonds, for the new equipment acquired during
the year, amounting to $785,040, of which amount the RichWarehouse Co. admond & West Point Terminal Railway
vanced $630,000. This amount does not appear on the general
balance-sheet of your Company for the year. Since the close
of thH year new bonds have been delivered to the Richmond
Warehouse Co. for this
West Point Terminal Railway

May

&

the profits arising from the lease and a-isumes any loss which
may occur.
The railroad and stparaship lines owned and controlled by
the Central Railroad <& Banking Company of Georgia on June
80, 1891, embraced under said lease, are as follows:
UtUt. UUe*. MlUt,
204
Central BR.. Main Line. Savannah to Atlanta....
17
Brancb, Gordon to MUledgevlIle
311
Leased for fixed rentah:
63
Ansusta A Sav. RR Millen to Au7u,ita. Ga
22
Eatonton RU Mlll'dnevilleto Kalonton
168
Southwestern RR., Mionn to Columbia. Ala
60
Eufanla.
Ala
to
(ia.,
Bmlttaville.
22
Cntlihert to Fort Gaines, Ga
,

.

Fort Valley to Porr«, Ga
Fort Valley to Colnmbiis,

&

&

amount advanced.
The stockholders

of the Georgia PaciSc Railway Ciiripany
20th of
at a general meeting held at Birmingham, Ala., on the
June last authorized the issue of $l,nOO,000 Six Per C^nt
Equipment .Sinking Fund Bends to run for fifteen yearj from
May Ist. 1891. for the purpose of acquiring addiiinnal rolling

and

stock and equipment. This Company advanced $l'-.000
Warehouse
West Point Terminal Railway
the Richmond
for the
Co. $4.50.000 to the Georgia Pacific Railway Company
acquirement of new equipment, which was to be provided for
by the issue of these bonds; but they have not yet been sold.

&

71
3,13

„

.,

1'^

0«

&

VIRGINIA MIDLAND RAILWAY.

Company entered into a contract with the Chesapeake &
Ohio Railway Company on Decemher2 3, 1890, for ninety-nine
branch

ital stock.

Montgomery

*

Eufauln. Ala.

Eufaula

RR

,

Montgomery to
mbus. U»m to

Mchlrim to I.yons.tia
Grinin. Oa.. to 'hat lanoogn.
Eufanla to Ourk. Ala
1

A AtlanUc

90

Bir-

157
;>"

Opollka to Roanoke. Ala
Colnninus tn Amenuus, Ga

8«v.

lOB

•-,--

RR. Col

Savannah & Western
mingham. Ala
Columbus to GrecnvlU". •'«

*

Alexandria.
Midland Railway between Orange Courthouse and

843

A

This

the
years from March Ist, 1891. Under this contract
Gordonsvi le to Orange
of the Virginia Midland Railway from
Courthouse, Va., nine miles, is leased to the ^''f aif."''?,
the Virginia
Ohio Railway, and the joint use of the track of

135

Mob. AOIr RR.. Columbus. Ga.. to Glenwood.AIa
TotttlDUli Ij .Sil fJr dul renlil*
Danville
Leaned Jointly with Richmond
RR. Co., one-half of stock owned by Central RR. of Georgi't.
Macon * Northern RR., Macon to Atbeni
Lines controlled by ownership of all of cap-

Toon

RR., Savannah to Tybe*. Oa.

30
6t
58
20j
60
IS

TM

THE CHRONICLE.

840

Mites.

Miles

Miles.
7^*

Brought Forward

Ocean

88. Co.

and

New England & Savannah

8?.

AshcvUle

1,026

Company as CenI,S»»o

RR. of Georgia
through ownership of securities, and operated as separate companies.
Upsnn Connty ER.,ThoniastontoBarnPsville,Ga.
nillc,

& Tennille BR.,

16

.••-„>•;

Ga

**'

^^-

companies

O!'

to Washington, Ga
Point to White Plains,

Banking Company.
Atlanta & West Point RR., Atlanta
Ga

to

new

40

314
65

<fc

BALLAST.

West Point,
87

westeinR'vof Alabama, West Point, Ga..

SILLS.

cross-ties

tained.
160,570 new cross-ties have been used in making repairs and
additions to the side tracks.
443 240 lineal feet of switch sill's have been used in renewing
old and putting in new switches.

18
7

to

138

Belma, Ala

AND SWITCH

have been put in the track, and the
proper condition of the timber in the track thus fully main-

78

Ga

Georgia RR.

Controlled Jointly with

60J^-lb. steel rail,

CROSS-TIES
905,843

171

Gainesville .lefferson & Southern BR., GaiuesviUe to Jefferson and Social Circle

*

with the exception of that laid
yards, as well as the 47'48 miles of
second-hand steel before referred to, released iron and lighter
steel, which was distributed over other divisions as was found
to be most judicious.

&

Bamett
Union

•'9-

new

Bu-mingham shop

leases jointly

Nashville RR. Co.
Hie Georgia RR. from Augusta to Atlanta, Ga...
Caraack to Macon, Ga
Union Point to Athens, Ga

-83
47-4.6

the remainder having been used for guard rails, switch leadB,
etc.. or laid aside as scrap.
7,935 1193-2340 tons of new BOJ^-lb. steel rails have also been
put in track, distributed as follows
1,991
Manassas Branch
639-2210 Tons.
"
Richmond York River & Chesapeake E. E. ..
724
8t-'.'240
Atlanta cfe Charlotte Railway
44 2132-2210 "
"
540-'2210
Western No. Car. BK
3
Charlotte Columbia & Augusta R. E
1,307
722-2310 "
Georgia Pacific EailwaT
518
587-2240 "
Construction of tracks in Birraiugham shop
yards, Georgia Paciflc Railway
311
694-2240 "
in

37

,

icith the Louisville

K

R.

B

Total,

This

133

Total roads controlled, operated as separate

Thc Central RR. of Georgia

Spartanburg E.

:

Wrightsvllle to Ten-

Port Royal & Augnsta RE., Port Eoyal, S. C, to
-•
Augusta, Ga
I'Qrt Royal & Western Carolina RR., Augusta,
Ga., to Spartanburg. S. C
McCormiclf to Anderson, 8. C
Laurcus to Greenville, 8. C

&

'>'">

Controlled by the Central

VriKhtsvllle

191

Columbia* Augusta B.R
Richmond York River & Chesapeake

15'97
22-23
6'32

Charlotte

BE. of Georgia Division

tral

Mites.

Wes'em North Carolina R. B
Georgia Paciflc Railway,

Co., controlling steamship lines between Savannah and New York, Savannah and Boston and
Savannah and Philadplphla, estimated as cqulvaleut in value and earning power to

Total froprietanj lilies
Total mileage operatetl by this

uu.

rvoL.

^^^

604

TotM

Total owned, operated and controlled
THROUGH THE CENTKAL RR. OF GEORGIA

2,981

One-half of the stock of the Western Rail "ay of Alabama, owned by
BR. of Georgia and one-fourth additional controlled
through Georgia RR. lease.
*

190,333 cubic yards of ballast of different kinds were put in
the track this year. This was not put in in any continuous
portion of the line, but on such parts as were convenient and
accessible to obtaining ballast, and it was so distributed as to
strengthen and improve the track where it was most required.
This, added to what has heretofore been laid in like manner,
has resulted in marked improvement to those portions of the
line where used.

SIDINGS.

the Central

Old sidings have been lengthened and new sidings added
This Company assumed the operation of the Central Rail51-8 miles, affording 4^-82
road of Georgia System on June 1st, 189] therefore its opera- during the year to the extent of
additional clearance on side tracks, which has resulted
tions are not included in this Company's business for the year. miles
marked advantage to the road in handling its busi"Pie following Statement of the operations of the Railroads in very
ahd Steamship Line-t operated by the Central Railroad & ness, and has enabled us to greatly improve our train schedBanking Company of Georgia (composing its system proper ules. These additions to side tracks have involved doing a
and not including its auxiliary lines) tor the three years, each large quantity of graduation, and we have in addition to the
grading done for these side tracks that have been completed
ending June 30th, aie furnished by that Company.
and put into use graded and made ready for the rails 16 34
Gros
Arer.ioe
;

Mirs
Tear!'.

19»1
18»0
1839

Oiter'd.

l.«70
..l.f.ia

1,520

Grosi
Ear-i-g'.
t9,2«l,21150
8,726.72^13
7,e8),233 3l

Expenses

and taxes.
»a,991,59S 18
8,881,566 63
6,216,83885

Net
Income.
12.2)4.618 S2
2,316,165 61)
2,437,395 16

Fixed Earninf/
Per Mile"

miles of side tracks.

CJvirijes.

»l,8a2.741
1.832,066
1,824,029

5,4li
6,06''

Of the amount chareed in expenses for 1891, $314,037 61
was for betterments. Considering this amount as betterments,
the results for the year ending June 30th, 1891, would be as
f9llows:
Net earnings

$2,2.54,618 32

Add amount expended for betterments

BUILDINGS AND PLATFOBMS.

J5,53,'

344,037 61

All depot buildings, platforms, &c., have received necessary
attention in the way of repairs and and additions, and twenty
new passenger and freight depot buildings, in accordance with
the company's standard plans, have been erected during the
year, located as follows:
Fairfax, Va.; Mitchells, Va.; Gamer, N. C: Oxford, N. C;
Morganton, N. C. Alexander, N. C. Marshall, N. C. Paint
Rock, N. C; Tomotla, N. C. Hendersonville, N. C; Leesville,
S. C; Lowrysville, S. C; Anderson, S. C; Blacksburg, S. C;
Clifton, S. C; Greenville, S. C; Toccoa, Ga.; Flowery Branch,
Ga. Heathman, Miss., and Swain, Miss.: and we have in
course of erection similar character of buildings at University,
;

;

;

;

Total actual net earnings
liess fixed charges, including interest on floating debt.

^Surplus

. .

$2,S98,655 93
3,001,733 82

$596,872 11

;

For your information I have submitted herewith statements N. C, and Henderson, N. C.
showing the outstanding bonds and guaranteed stocks of the
Extensive additions have been made to the station buildings
Richmond & Danville and Central Railroad of Georgia sys- at Culpeper, Va. Greensboro, N. C. Day's Gap, Ala. Ferntems, with the annual fixed charges thereon.
bank, Ala. Greenwood, Miss. Hollondale,Miss. Eupora, Miss.,
The thanks of your Pre,i.ident and Board are due to the and Ma ten. Miss.
officeis and employes for their zealous and faithful services
The freight depot buildings at Birmingham, Ala., and
<htring the year.
Morganton, N. C, destroyed by fire, were rebuilt.
JOHN H. INMAN, President.
At Toshes, Va., Skyland, N. C, and Buena Vista, N. C,
depot buildings adequate to accommodate the business done
[i^W^An appendix to thin report is given on paae
at those points were built by the citizens of the neighborhoods
^
844.1
and presented to Ihe Company.
New standard telegraph signal towers were erected at Mal;

REPORT OP OEKERAL. SIANAGER.
Office of General Manager,
Atlanta, Ga,, October 3d, 1891. \
3Ir. John H. Tnman, President, New Vork:
Dear Sir: I beg to submit the following report of the condition, improvtments, etc.. of the roads operated by
the
mond & Danv. RR. Co. for the fiscal year ended June 30, Rich1891.
)

;

;

;

;

;

low, Va., Edsall's, Va.; Springfield, Va.; Ditchley, Va.; Sideburn, Va.; Bloom's Grove, Va.; Catlett's, Va.; Bealeton, Va.;
Fleetwood, Va. Inlet, Va., and Spottswood, Va., at all of
which points telegraph offices were opened to facilitate the
handling of trains between Alexandria and Orange by the
block-signal system, made necessary by the trackage arrangements entered into with the Chesapeake & Ohio Railway
;

Company.

In addition to those mentioned, a number of smaller buildsuch as coal houses, supply rooms, baggage and mail
rooms, tool houses, section and laborers' houses (the latter
5,840 161P-2240 tons of new 70-lb. steel rails have been
_
put numbering eight) for the accommodation of employees, have
the tracks, distributed as below mentioned:
been erected during the year distributed at points where
Virginia Midland Railway,
> 4qq
ii72 90An T«r..=
^?."^Richmond A Uanvllle RR.
most needed.
5'.,sT
''4r?,?f^
Georgia Pacific Railwav
The erection of the joint passenger station at Raleigh, N. C,
"soi T;«i";?ln
^oi>»-^'!40
Double trucking the (ieorgla Pacific between
mentioned in last year's report as having been determined
Atlanta and Peyton
"
368 :,568"240
upon between the North Carolina, the Raleigh & Gaston, the
^.Pleased 601 ^-Ib. gjeel rail on both
^^"^
Raleigh & Augusta Air-Line, and the Richmond & Danville
r?
T^the
Richmond?'1"H°'"'''„"U
& Danville Railroad and the Virginia Midland Railroad
Companies, has progre.ssed, and its completion is exRailway and ."JO-lh. steel rail on the Georgia Pacific
Railwav
pected very soon, and when finished it will improve the acexcept the 568 1588-2240 tons used in doubling
the track of commodation at that point, relieving a long felt want.
the Georgia Pacific Rail way.
RAILS.

ings,

m

—

'.

The released

603^-lb. rail

was disposed of as follows;

Improvements and additions hive bten made

platforms and sheds as the necessity required.

to station,

:

Deceubeb

THE CHRONKJLE.

0, 1891.]

BKIDUES AM) TBEBTLEH.
most improved iron bridges or viaductH were 8ub:)tituted
for wooden structures during the year as follows
Ttio

:

VIKOIMA Minl.ANn
JoliiiHtoii'8 Flolil

1

OttiT Hlvpr

2(lii|)iiii»()f 3(1 ft. nnil
13 HpniiH of :k> ft. aii'l
1 H|>;tii of 2:i ft.
In.
X Hpiiu of 17 ft., 2 lu.

North Klvanna
No. 1

Miirr.iv'H,

Miirray'H. No, 2

HUl
Kupimhuunook
lllfkory

Moon-'n

1

Bimn of HI

Run

Kuu

Mrlvor'8

1 upati

Mountain Run

1

Owl Run
Rookash

1

of

ITo. 1

IJ.') ft.

ft.,

103

ft.

COTTON CO.MI'KEHSBH.
platform TOO ft. by 100 ft. and a cibtton shed 700 ft. by
ft,, covering the platform, were constructed at Air-Line Janotion, near Charlotte, N. C, for the nccoinmo<lntliin of the cotton compretw, which waa moved from West Point, Va.,'tothw

M

place.

On July

'j>23B

81, 1800. the Northwestern North Carolina Rnilroa<l
to Wilkesboro, N. C, since which lime this en100 iiiiU'H have been in operation. In June. 1801. the

was completpil

In.
ft., :) lu.
,

roads
Yadkin Railroad, running from Salisbury to Norwood, N. C,
41 miles in length, was completed, and has been in operation
tire

span of (".3 ft.
span of 4S ft., In.
WAglllNOTON A OHIO UIVIgtON.
1
1

Bridec No. 9
Bridge No. 22

,

some work waa doD* on tb« coa

wharf,

A

ft.

2»pau9of 127

Cove Oeok,
Back Uok

t

I'lis ft.

ft.

ft

entirely renewed.
Greenville, Mias.,

At
Hpitu of
Kpaii uf

I'* ft.

Rpun of (M
dpan of :jj

At Alexandria, Vo., the ferry allp u»<>d in coniMctUni with
the barge tranafer acrone the Potomac Uiver. betirceo the
Richmond & Danville and the Baltimore A Ohio Rallrjwto,
was

1

3 HpniiH of 1 12 ft., 121
I Rpaii of II ft.
2 xpniiA of i:tt) ft.
2 Bpauiiof IIH ft.

KiipMiiii
Iin)a<l

DIVIHION.
Hpiin of 20 ft.

641

1

Hpauof .'>!
apau of 42

since that time.
ft.

On March 1, 1891, in accordance with lease, the Gordonaville
Branch, l)etween Orange and Gordonsville, Va., nine miles in
2 spans of 150 ft., 6 In. length, was turned over to the Chesapeake & Ohio Railway
Yadkin Klver
Company, and has since been operated by that Company|as a
ATLANTA A CIIABLOTTE DIVISION.
part of its line.
_ ^gg|
SBpanoof 147 ft 6 lu.
TuKalo Klver
On and since April 1, 1891, in accordance with terms of con•'
104 ft. and 14>< ft.
Knoric Ulvor
2
tract, trackage facilities have been afforded the'Chesapeake ft
Lawsou'st Fork
1 span of 142 ft.
"
1
Conerosg
I12ft.
Ohio Railway Company for its trains, both passenger and
"
1
2U ft.
PoncedeLeon
freight, between Oi-ange and Alexandria, Vn.
COLUMBIA A OREGNVILLE DrVISION.
On April 6, 1891, the Georgia Pacific Railway exchanired
Saluda
2
spans
of
127
6
lu.
ta-vet
ft.,
tracks with the Savannah & Western Railway, from the IB.I'.'V
GGOROIA PACIFIC DIVISION.
mile post to Woodlawn Station, a distance of about nine miles,
Chattahoochee
2 spans of 150 ft.
relieving the main line of two erodings, and, with them, a cer1 span of 130 ft.
Sweetwater
tain element of danger.
In addition to the above, a Howe truss wooden bridge of
The change of alignment on the Western North Carolina
seven spans of 127 feet each was erected at Broad River, on Railroad at Sandy Stush was made during the year, involving
tlie Spartanburg Union & Columbia Railroad, in place of the
a great deal of work; but by this change we were able to disone destroyed the previous year by a cyclone.
pense with 1,610 feet of trestle, the average height of which
Material for the following structures of iron and wood had was twelve feet, as well as one eighty-foot span Howe truss
been delivered at the end of the fiscal year, some of which bridge; besides, the curvature was greatly reduced and the
have since been completed and the remainder are in the course distance shortened 110 feet. The alignment was also changed
of erection
at 164'5 and 178*5 mile posts on tne same road, ihe curvatare
VIBOIKIA MIDLAND DIVISION.
having been reduced at both of these points. The work of
33 ft. Gin. changing the alignment at Newton, on the same road, waa
CralK Run
1 span of
•'
Fletcher's No. 1
1
37 ft.
commenced during the latter part of the year. This clan;e
"
Fletcher's No. 2
29 ft. 6 In.
1
"
Lvue'9 Branch
16 ft. 4 In. will shorten the track 2,417 feet, doing away entirely with
1
"
Rowe Branch and Newton trestles, aggregating 580 feet,
03 ft.
Dutch Creek. No. 1
1
"
1
63 ft.
Dutch Creek. No 4
with an average height of thirty-five feet. It will also im"
35ft.61n.
Hlgtrinbotham
1
prove the depot facilities at Newton.
"
133 ft.
aouth Shenandoah
1
The main line of the Georgia Pacific Railway between
WA8HINOTON & OHIO DIVISION.
Ispanof 34ft. Simpson Street, Atlanta, and Peyton Station, a distance of
Bridge No. 17
5'95 miles, was double tracked during the past year in conRICHMOND Jt DANVILLE DIVISION.
junction with the East Tennessee Virginia & Georgia Rail1 span of 49 ft.
North Black Creek
"
1
32 ft. way Company, which Company uses jointly with the Georgia
Bouth Black Creek
Pacific Railway the track between Austell and Atlanta, of
All -wooden bridges and trestles have had necessary attenwhich the above distance is a part. This work was not ention in the way of repairs. Many overhead bridges have been
tirely completed during the year, bo far as the track-laying,
renewed and raised so as to afford more clearance.
ballasting and surfacing are concerned, which latter characWOOD, WATER AND COALING STATIONS.
ter of work has continued into the current year, and it is exhave
been
pected that the new line will be put into operation this month.
Standard water tanks of 50,000 gallons capacity
More or less riprapping of banks and raisinc of track have
erected at Remington, Orange, Montreal and Staunton River,
and one of 40,000 gallons capacity at Chatham, on the Virgi- been done at different points, with the view of preventing
nia Midland Division ; two of 50,000 gallons at Manchester, trouble from high water, as well as to facilitate the starting of
having steel frame work, placed on stone pedestals, with pip? trains.
A good deal of work has been done in removing slides and
connections through Manchester shoM yards, and one of
40,000 gallons at North Danville, on the Richmond & Danville taking down overhanging rocks from deep cuts, and the usual
Division
50,000-galIon tanks at Blacksburg, Greenville, quantity of ditching has been done.
Considerable work has been done in the way of (minting
Gainesville and Suwanee, and a 10,000-gallon one at BowersUle, on the Atlanta & Charlotte Division .50,000-gallon tanks stations and other buildings, as well as iron bridges, with the
at Glen Alpine, Asheville, Hendersonville, on the Western view of preserving such structures.
With the cramped conditions existing at Birmingham, Ala.,
North Carolina Division 10,000-gallon tank at Chester, on
13,000-galloa tank at 130-mile we found it necessary to provide yard facilities otrtside of the
the Scuth Carolina Division
post, on the Columbia & Greenville Division ; 50,000-gallon city limits in which to handle the business and to this end
tanks at Austell and Leeds, 30,000-gallon tanks at Corona, Sardis extensive improvements in the way of sidings were made at
and Fernbank, and a 36,000-gallon tank at Columbus, on the Woodlawn, 24,715 feet, or 4 68-100 miles of side-tracks, with a
total clearance of 23,414 feet, having been constructed, and
Georgia Pacific Division.
At many of these paints where these tanka were erected the the entire yard, consisting of 4'7 miles (old and new), l>almost improved standpioes, to facilitate the delivery of water lasted with furnace slag during the year. A frame building,
to engines, were placed alongside of the track. New pump- 20 feet by 30 feet, for a yard office, was also erected. Since
houses were also put up at many of these places and fitted out the improvements mentioned, it has been clearly demonstrated
with new boilers and pumps, all of which has greatly im- that the expense incurred for these facilities has been much
proved our water facilities, and will reduce the expense on more than paid for in the prompt and satisfactorv movement
1

KICH.UO.SD

J6

rt>

DANVILLB OIVISIOH.

,

;

:

;

;

;

that account.

New

coalchut» of 1,500 tons capacity was built at Charlotte,
and one of 2,000 tons capacity at Lynchburg, besides several
of from 150 to 200 tons capacity at different junction and terminal points.

FENCES.
61-6 miles of wire fencing

was erected along the Company's

right-of-way.

TORN-TABLES.

A new
put up

60-foot wrought iron tur j-table was purchased and
at Charlottesville, the old 50-foot table liaving been

removed

to Manassas,

TRACK SCALES.

New

track scales were put in a, Lynchburg and Riveiton,
on the Virginia Midland Division, and at Woodlawu, on the
Georgia-Pacific Division,

WII VRVE9 ASb tANDIN03.
Wharves. A and C at West Point, Va., were entirely renewed, while on all other wharvej and sheds at that point
more or less work was done in the way of necessary repairs.

of tra£Sc, the obstruction to which had previously interfered
with the earnings of the entire | roi)erty. The increase in
business, attributable more ]>articularly to the fact that we
have been able to handle it satisfactorily to our patrons, has
been such that we have found it necessary to make some additions since the end of the fiscal year.
During the year we found It necessary to erect at Birmingham, .\la., engine hou.se, tool house, saud houte, turn-table,
open drains, Ptc, including grading for .shop yard, at a total
cost of $62,»<)9 41, exclusive of cost of rails, angle bars, crossAs far as
ties, etc., for renewal of tracks in Uie shop yard.
we have gone in the shop improvements, I can say that they
are equal to any in the country.
•

TKLI^RAI'II rACILrriE-S.

Our telegraph facilitits have been increased during the year
by the Western Union Telegraph Comimny stringing an additional wire between Alexandria and Orange, Vn.. a distunce
of seventy-seven miles, on the Virginia Midland Uivi.-iun: an
additional wire lietween Atlanta, Ga., and Birminithain, \\a..
a distance of 167 milcH.and another between Birmingbain and
Corona, Ala., a distance of fifty-five miles, on the Georgia

—

THE

842

I

CflKONlCLE.

and an additional wire ia now being struna;
between Atlanta, Ga., and Charlotte, N. C, a distance of 268
miles, on the Atlanta & Charlotte Division; also, one between
Yorkville, S. C, and Hickory, N. C, a distance of sixty-six
miles, on the South Carolina Division.
On November 1, 1890, a set of quadruples instrubetween Washington,
circuit
ments was placed in
D. C, and Danville. Va., it having been found neces-

[Vol, Lni.

Pacific Division;

rapid

to provide additional facilities to meet the
By the use of this circuit we
growth of the bu>ine?s.
were able to double the capacity of one wire between those
points, besides giving the general offices direct communication at all times from Washington to Charlotte on one side
and from Washington to Richmond on the other. This circuit was operated satisfactorily up to the date of the removal
of the general offices to this city, on August 23, 1891 and the
present wire that is being strung between Atlanta and Charlotte will be converted into a quadruples circuit, enabling the
general offices, by the use of repeaters, to have direct communication with Columbia, Richmond or Alexandria, on one
side, and doubling the capacity of one wire between Atlanta
and Charlotte on the other.

sary

;

AUDITOR'S REPORT.
Richmond & Danville Railroad Company,
Auditor's Office.

Atlanta, Ga., October

)

V
1st, 18S1.

lo the President and Directors of the Richmond
Railroad Company.

)

& Danvil

Gkntlemen The accompanying statements for the year
ending June 8L)th. 1891, e^nbrace th3 General Account, Earnings and Expea3e3, etc., for the following road^, viz.:
:

RICHMOND & DANVILLE RAILKOiD AND LEASED LIMBS.
VIRGINIA MIDLAND RAILWAY AND BRANCHES.
WESTERS NORTH CAROLINA RR. AND MURPHY BRANCH.
CHARLOTTE COLU.MBIA & AOGUSTA RR. AND 13BA..'JCnES.
COLUMBIA & GREENVILLE RAILROAD AND BRiSCHBa
NORTHWESTER.^ NORTH CAROLINA RAILROAD.
WASHINGTON OHIO & WESTERN RAILROAD.
GEORGIA PACIFIC RAILWAY.
Very respectfully,
M. C. FIGG. Auditor.

EQUIPMENT.

made

The following r.dditiona have been
ing the fiscal year

RICHMOND & DANVILLE RAILROAD

to equipment dur-

General Accocht

:

3 Ten-wheeled passenger engines, cylinders. 19 in. x 21 In.
34 Consolidation Ireiglit engines, cylinders, 20 in. x 24 in.

of Road aud Property
Betterment Atlanta <& Charlotte Air-Line

To Cost

18 First class passenjaer coaches.
6 Firstclass express cars, GO It. long, with six-wheeled trucks.
740 Freight box car.*, 60.000 lbs. capacity, equipped with air-brakes

J

and Januev couplers.
800 Gondola cars. 60.000 lbs. capacity, equipped with air-brakes and
Janney couplers.
225 Drop-bottom gondola oars, 60,000 lbs. capacity, ©quipped as
above.

100 Hopper-bottom gondola

cars, 60.000 lbs. capacity,

equipped as

$12,292,733 39
1.220,170 37
6,301,938 91
5,657,7 1 2 25
343,371 63
45,191 74
227,304 61
264,344 18
1,301,818 13

BR

8eeuiitio.i

Advances to leased lines
Coupi)u agencies and Trust Companies
Bills receivable
Balances due from connecting lines
"
•'
agents
"
"
individuals aud Companies
Miscellaneous assets
Material, rail, fuel, cross-ties, etc., on hand

Sl.'i.SOl

,

cars, 60,000 lbs. capacity,

934,230 21

equipped as above.
$29,630,995 44

The equipment is generally in good condition. The number
Credtl.
of engines laid up for repairs at the various shops is relatively
By Capital Stock
very small, and does not exceed the percentage which mav
Bonds— coupon, seeoud mortgage
"
reasonably be expected, and even these do not require very
consclidated mortgage (coupon and legystend)
extensive repairs. Only eight passenger cars are in the shops
"
gold, geucralmoit. 6 per oeat.
for repairs, which is a small proportion.
"
del.entiire
Mileage of engines was as follows

"

:

Making the increase

16,60000
00

5,99H,0Ji'

14.190,760 00
3, i61,733 30
879,209 83

payable
Accounts payable
Bills

4,088.061, an increase of 329.278
5,110, .162, an increase of 32'?,8H8
031,^66, an Increase of 127,9^18

On frtight" trains
On mixed trains

$5,090,000 00

$3,000 00

H,368,000 00
consolidated mort.. 5 per et... 3,43tSH'0 00
equip, e. F., 5 P.O. mort. gold. I,371,o00 00

"

ENGINE AND CAK MILEAGE.
On passenger tiains

21

5:13,488 oO

Cash

above.

50 Coke

CO.

Ju.sb SOih, 1891.

crued but not due
Coupons and rentals

W. H. GREEN,

Danvillol

ac-

126,219 93
3(i9,399

Profit

(lad. lines)

and

97

681,603 93
287,989 00
3,51j?,211 53

••

loss

$21»,630,995 44

Income Accocnt June 30th, 1891.
Gross earninas including Income on Investments
Operating expenses

$.S,00!t,736

$5,947,359 11

68

on Funded Debt, Rentals, Taxes, Etc.

Int.

$754.11500
91,85i. 00
60,000 00
North Carolina KR
260,000 00
483,5(i0 00
Atlanta &CharlotteAir-LineRB

Intereston debt
"

3,559.470 passengers were transported, with passenger miles
of 155,651,948, au increase of 450.035 passengers and 11,668,560 passenger miles, an increase of pas.'^engers of 14 4-10 per
cent and of passenger miles of 8 1-10 per cent.
I append hereto itemized statement of the improvements
made during the year, with the cost thereof.
I am glad to be able to bear witness to the fact that the officers and employes have been faithful in the discharge of
*heir duties.
Respectfully submitted,

&

accrued but not due.
due but unpaid
Coupons and dividends due but unpaid
"

Rent of Rich. York River

PASSENGER SERVICE.

03

674,501 83

revenue trains
780,164
an increase of 8 4- 10 per cent over the previous year.
Freiglit car mileage was 86,507,590, an increase of 2,781,898, or 3 3-10 per cent.
Passenger car tniieage was 19,780,439 an increase of 1,359,814, or 6 8-10 per cent.
6,951,461 tons of freight were handled, an increase of 639,
936, or 9 9-10 per cent. The ton miles were 597,369,434, an in
•crease of 42,660,685 ton miles, or 7 7-10 per cent.

01

483,1

Mi.»celianeou3 Uabliities
Coupons and lentalj (Richmond

of engine mileage of

TONNAGE.

St.

.'.7,0^0

Payrolls
Wages uucailed for

•

&

Chea. RR..

PiedmontRR

"
"

75,733 63

Taxes

$1 ,725,218 62

Netincome
Balance to credt

Amounts

this

4.734,955 30

$1,212,403 81

Pbofit and Loss.
account June 30th, 1890

Credited during the Year, viz

—

Net income, as above

$2,772,079 04

$1,212,403 81
28,758 68

Sundries

General Manager.

1

,2 41 ,

1

62 49

$4,013,241 53

Statement Showibo Cost of Imfrovkmbxts. Fiscal Yeab E.nded
JVHB 30, 1891.
•^'«"»»Amount.
„ ,,.
tc
tmiiB .••......,_,,,,.,,.....,,.,.._
Spikes and Fasienlngi for Uyliig

'tiji

.

Trac» Liying (uew rails)
and Swltoh-SUls

new rails.V.V.V.'.'.'.'.".'.".".'.'.'."

3 >'20o
304' 800

'

Ballast
New Side Tracks
Buildings and Hatfoims
Bridges and Trestles
Water. Wood auJ Coal Stations

120'400
207''00

53800

'

2.^1300
"ioVoii
tV'/mn

Fencing
Turn-ta1t)les

I'i^o

Track Scales
Wharves aud Laudin^s
Changing Aligumi-nt at .Sewlon and Sandy Musu. N."c
Woociluwn, Ala., Yard
Birmiugbam. Ala.,Ea^'ine Uous , Shop Yard Tracks &cV.iueludUigcostof r.iil. an,'lo-bar,s, ties.;...
Telegraph Lines

'oftrf

.'.'

10 360
2''24i
1"'700
~
ST 100
OBiiO
?'i in

Pas.-^cugcr Train C;irs

Freight ITaiu Cars

9^7^^
iloii

KngfLes
;;•;.
Shop Tools. Machinerv, Ac
ExtraoTUinaryEepaira necessitated by' w'jiBhoutrfhJm
exruling In Trestles on Georgia Paelflc" Division."
Sundry oihcr items
.!"...!".'.'.'.'.'.".

01 the above amount there was charged to oper.
ft.

Balance chari/ed

to

Ooiutruction Aeeoant

52S(ii>

4%'ooo
44'6"l

500,000 00

*^
if

647,900

1,040,730

$3,513,241 53

Balance

RICHMOND & DANVILLE RAILROAD CO.
RlCUMOND & D VNVILLE RiCH.WOND YORK BlVEB .&
Chesape.^ke Milt »N & SoruEKH.v; North Gabolisa; Staib
UNiVEBsirr, and Atlanta & Cuablottk .^ib Use Roads.)

(ISOLnDES

;

;

Oroat Earnings—
Freight

From

Passengers
Express
Mail
Rents, eio

Income on Investments, eio

1891.

$3,290,443 18

71
91,68696
231,673 80
363,716 OJ
4i>8,021 40

l,49-i,'<14

1890.
$3.12.=i,250
l,42.i.551

91
02

01
230.202 03
321.587 33
404,830 13
i»5,.'ll

Total
$5,947,339 11 $5,600,712 73
Showing an luerease of t346,64« 38, or 6 i»ioo per cent.
1890.
1891.
Operating Expenses mut Taxes—
$973,487 67
Conducting Transportation
$1,084.083 50
840.787 71
MotivePower
918,90166
312,13069
Maintenance of Cars
303,14113
49;),226 89
774,333 59
Maintenance of Way
2tti,211 71
199,333 70
General Expenses
75,43016
75,753 62
Taxes

$3,035.490 30 $3,186,88159
Showing a decrease of $101,391 29, or 3i»ioo per oeut.
The operating expenses and taxea were 5183iog per cent of the
Total

expenses.. .

$500,000 00

Dividend on capital stock

itrtn

27 OUO

"
"

Cross Ties

Amounts Charged during the Year, Viz.—

earnings.

.

'

DiCRHBBR

:

FB«:iGHT.

KIcliiiionil

YorK

Itlvi-r

iSs

KB

Milic.ii&HiitliiTllii

Faru.

RR

nniivlllo

&

'*

1,177.100
Ch'Rnpoitke RR.... 311, 1.V^

NDHBBR or

t

A

Riohmon<1

RR

Klolimoiul York Klvpr iSc CliOHapoako
MiKo.i A SiiilK-rlln RR
North Curolliiii KIS
Stiito Ui.lvorslty

Atlanta

&

Deduct

2,777,313

RU

Charlotte Air Lino

IROI.
SOi',838
5-2,070

RR

RR

Total

Interrat

D#<lii<'l

1890.
298,927
ao,U4S

6.843
350,104

SOa.ODl

7,711

(l.;i3H

318,903

313,.^0l

1,084,177

980,568

7.'«,587

$6,000,000 00

$600,000 00

00
1,100.000 00
9.50.000 00
1,775." 00 00
1,310.000 00
11.0110 00
4,330,000 00 12,496,000 00

.

firth

.

sixth

,

Income.
general

Ontstandlng ola first preferred stock. .
"
" second '
"
...
"
" common stock

e.OSfi

'

67

2,665 US
3.0I0 4'.i
1.010 51
471,767 !»'.J

Co....

Income Account June 30, 1891.
Neteamlngs. 12 months
Deduct Iniereston funded debt
$015,081 70

$906,543 68

.'

Balance profit and

$654,11695
167,069 84

4,04074

Palanoe profit and loss June 30,1891

1691.
$1,041,862 56
998.438 22
76,2-28 21
157,471 10
32,679 16
89,2.5000

& P. Roads.)
1890.
$1,038, H4iro
889,331 07
77,221 24
156,404 63

F.

23.333 18
89,250 00

$2,274,383 72
$2,395,929 25
53, or 5 34-100 per cent.

Showing an Increase of $121,545
Oprraling Expenses and Taxes—
Conducting Transnoitation
Motive Power
Maintenance of Cats
Maintenance of Way
General Expenses
Taxes

'

1890.
$580,9.55 49

1891.

54
92
50
38
23
4 ,«54 90

$583,618
452,3.5
76,822
293.182
78.441
•.

421,615 25
79,709 .'iS
352.0-24 99
72,073 29
45,785 79

$1,555.16139
$1,537,035 47
Showing a decrease of $18,123 92, or 1'17 per cent.
The operating expenses and taxes were 64* 15 per cent of the
earnings.
Total

FREIGHT.
TONNAOB Carried Dcrino
Midland R.
Manassas Branch

Vlrirtnla

F.

&P.

K.

R

7.480 88

Total
$1,011,048 77
Showing an increaae of tlOS.106 08, or IS'Si/lOOf.
Operating K.x|>ena«8 and Taxes:
1801.
Cnn<ini'linK Transportation
$008;ia8 85
Motive Power
818,7(17 87
Mnintennnce of Cars
44,7)18 77

t88B,088T4

1(8,478 93
80.072 80
1«,339 50

181,881 SO

$606,6!!a51

$efiS,0e8 97

Maintenance uf Way
General Exi>enaes

T»xeB
Total
„
Showing an increase of $.39,6.15

Yrab.

TflR

1891.

1890.

Tons.

Tons.
76».0!)9
8-2,172

20,171

866,442

877,6.54

Total

Number of Passenobrs eARsiKo Durino -mE

F.

&

P.

R

K

14

Total

:•..'.

Individuals and

*^

4l,aH8>
OH.ossoi

is,sMaa

of the earnings.

Freight.— Tonnage Carried During the Year

Weatem North

Carolina R.

Murphy Branch

1891.
S6!).Tb6 tons.

R

89.299

••

1800.

SlO.XSt
27,»lT

Total
XMfiKtonB.
»4«.9T1
l>assengers— Number of Passengers Carried Dtuing the Year

Western North Carolina R.
Murphy Branch

188a

R

ISn.iii
43,674

I».7«

028,785

198,848

88,008

CHARLOTTE COLUMBIA & AUGUSTA RAILROAD.
General Account, June aOth, 1881

&

Lenoir extension
Charlotte, Columbia & Augiuita R.

Xband

&

$5,888,008 88
l&i,403 74

R stock on

115,100 00

L. N. G. R. R. stock

lOBB

on hand.

AC.

R. R. ttock on band
Miscellaneous assets
C.

9,080 00
9,880 88

$s.7g8,ge«u
Credit:
Capital Stock
onds, first mortgage.
"
secoml mortgage.

%

"

$8,378,000 00
8,000,000 00
800,000 00
818 81

fractional

"
coneoliUated mortgage.
Reserve against previous issues.

By

$8,000,000 00
3,900,000 00

ISOO,000

&

L. bonds guaranteed
Interest on t>onds unclaimed
Richmond &. DauTille
Co..
0.

ami

8,805 00

RR

1S1,8M0«

loss

S7.H48 85

$5i79<inu
1891

$8«i,S<SS4
$807,800 00
8,881 88

floating deiit..
rental of A., T.
O.
R..

C.
C.

£
R
&L.RR

&C.

89^000 00

83.tai00

RR

10.344 81
88.040 85

Taxes..

808,781 98

Net...

$88,918 06
Profit

and Lorn:

Balance to credit this account June 30th,
Net balance, income account
Sundry accounts crc<lited

ItfOO....

$88,960 11
88,918 05

8»

03

$78,1(0 19

BjrrM

Balance to credit of profit and

617,375
49.876
12,627

4.5f,185

579,878

804,171

.37,1.)1

8,S35

,
„. ..
'*'*'l'SSi iS
^'SS Sa

Compooies

1»1,80»

-,

"""

'

'

$87,8KI8

loss.

CHARLOTTE COLUMBIA * AUGUSTA RAILROAD.
(iNCLUDEa ChARLOTTR OOLCKBIA
O.

a AINIIISTA
& C. KOAM>.)

;

A. T.

Groas Earnings

From

Freight
Passengers

W

t»,tS9,7»t 95

....

Total
Showing an Increase of $60,138.51, or

Tues

O.; C.

*

8. 79/100

$570,848(8
811,878 07

$888,74878

$81^800 88

iTvoaoao
85.840(0
81,470 84

per cent.
tooa

1881

,

198.(54 84
81,854 78
18a,ns 14
86. 478

,

am

06

$08,005 77
,«

h.;
I880L

89(788 94
I8,SM 88
88,840 80
98.888 70

$8itt,(ff4

Renta,eto

Operating Ezpeuea and Taxes
Conducting tnuisportatloB
MotiTe power.
Maintenance of cars
Maloteoanre of way
Oensral expsniss

&

1801.

Mall

1890.

00

ISJOOOO

Income Account, June 80th,
Net EambigB. 12 months
Deduct hitereet on funded debt

Year,

1891.

General Account, Jimo 30th, 1891
Cost of Road and Property....

Profltand Loss

3m,tMm

i.

Bxprem

WESTERN NORTH CAROLINA RAILROAD.
To

or 804/100

The operating expenses and taxes were iSt7/t<X%

PASSENGERS.
Virginia Midland R.
Mana8!>as Branch

64,

1800.

I1SI.S08 01

Sundry accounts charged

766,960
88.o»3
23.102

R

9.B410*

MOB]*

8,883 00

Profit

Total

Katun

U.Mtn

$487.047 11

VIRGINIA MIDLAND RAILWAY.|
(INCHTDES Virginia Midland, Manassj s Branch and

r^

1880.

M
U

10.(75 00

Reatii,eto.

O.

$163,029 10

Passengers
Express
Mall
Rents.eto
Rental Manassas Brauob

a7,80«

Mall

Chester

Balance to debit of tills acc't June 30,1890. $585,339 84
Sundry accountj; charged
68,77711

"

ism.
|S»,JSOT

To Cost of Road and Property

Profit \sd Logs.

"

88180$ 81

KM

(IXOLITnU MiTRPBT BrAKCH.)

$163,02910

Oross Eartiings.

t«S5.<UI»

W

l.sos

June 80th,

Ezprea

743,.519 5S

Net

From FreiKtt

loas,

Total

35,30000
47,654 90

Ket balance income account
Sundry accounts credited

OJBBISQ
$SI.7no 00

Pasaengera

I.^,lti298

AR.RR

tsi,iw«

Stuidry acc<iunta credited

$19,006,203 78

floating debt

$iim.mn

|tn.B(1 TO

.

Net balance Income aaconDt,

517 98
24,540 00

Income bond scrip
fleneral mortwago scrip
Cap-till stock .scrl|>

Richmond & Uanville RR.

M
U

M.47I
\tJUt

:

53,487 11
487,017 11

1,900,1)00

third
foui th

mntn

|t97,m 00

Profit and IxiM
Bklaoee to dnhit thi* account June SOtb, 1800.
Sundry accounts cbaiYod

00
32

25,1100

OralU.

second

Cn

WESTERN NORTH CAROUNA RAHJIOAD.

By Capital

flr«t series

Ii7,a«,n«

IMI

aoth,

Inlernt on floating debt.,..,

$18,306,482 24 Oroneamlnm:
FromFretght

$19-006,203 78

"

Railway A WarbotiMOo.

•uliuU

Net.

H.-tai

rooosfof
Roadway anil Property
~
Stock on hand tor rcdomptlonot old outst'gstooks..
NoiUi Ciirollua Midland B«. Co.
Indlvldvials and Companies.
Prottt and loss

rente.
taxes

.

on fuodad dabt. Including bond*

GENKRAI, ACCOITNT JCNE 30, 1891.

•'

..

Deduct taxe«

VIRGINIA MIDLAND RAILWAY.

Stock
Bonds, Mortgage,

'

.

hrkl by Terminal

MUM)

•

PA88KNOISRH CARRIED DURING TIIR YSAlf

DiinTillo

|^—
',

,

Inooma acoouDt, Juna

NetEamlnr*
a,960,sao

4,||i

-.,,.

8B1.'^I7

PASSENOER9.

,.

«H'<»n'! ni'T*".**., '^'•n^oHdAtfld

3,043
621,080

RR

Cliarlotte Air Line

Total

____

:

8»8

RIchmnn.l .t Diif
Int**n>Ht nn iKiti'I
Hlchaioal <£ Wi .,1

:t.'J4l

Nnrtli Carollim Kit
Wall' irulvnrsltv RIt

Atlanta

.

Mmd

1801.

A

:

Crwilt
By Okpltal Stock, oominon
praf
Bondii, flmt mort«Mca, aooaolbhtwi

TOHtfxoa Oarrird Dorino tun YbahI
RIolininnd

::

.

THE CHRONICLR

1801, J

S,

:

:

$804.4:7 78
$I«I,II7 8B
81.114 88
178.088 88
48.887 41
1(^(89

88

M

88,a40 85

$0R(,745«4
Total
Showing an Increase of $80,881.74, or 4.88/100 per cent.
Tba operating expaasea and taxaa were W.18/100 per cent of tha

|

:

::
:

:

:

.

THE CHRONICLE.

844:
Freight, Tonnage Carried During the Year
Charlotte. Cohimbia & Attgusta R. R
A. T. &0. R. R

1891

1890.

331,528 tons.
41,660 ••
26,019 "
9.519 "

323,897 tons.
85,310 "
24,080 "
8,154 "

399,220 tons.

3110,441 tons.

:

C.&L.RR

C.&C.R.R
Total

Fussengers— Number of Passengers Carried During
Charlotte, Columbia
A. T. &0. R.
C. &L. R.R

R

* Augusta R. R

Year

tlie

Operating Expenses mid Titxes—
Conducting trausportation

UII

1891.

1890

$33,958 03
33,.51656
7.335 53
24,743 30

Motivepower
Maintenance of cars
Maintenance of way
General expenses
Taxes

829,469 41
1!7,474

52

8,336 48
30,407 82
1717 11

500 04
4,83345

4)78870

;

1891.

1890.

218,0"9
34,817
4.5,536
14,rii5

]S!,519
27.320
33,489
11,885

313,187

263,213

C.&C.R.R

[Vol.

Total

$104,88691

»11], 19404

—Showing a decrease of $6,307 13, or 567 per cent.
The ojierating expenses and taxes were 67 63-100 per cent of
the earnings.
Freight.

Total

NumDer 01 tons

carried

Number of passengers

Generi.! Account. June 30th, 1S91
To Cost of Roadway and Property
l>urchaseot Laurens R. R
Cost of Blue Ridge R. R
Miscellaneous assets

Front and

$3,210,683 43
98,150 98
3.3,564 29
1,777 16
148,788 68

loss

$5,492,964 62

Credit
By Capital Stock,
Bonds, tlrst mortgage...
second mortgage

00
00
00
00
53

$2,000,000
2,000,000
1,000,000
360
492,004

Interest on bonds unclaimed
Richmond Danville R. R. Co

&

85,492.964 62

Income Account, June 30th, 1891
Net Earnings, 12 months
Deduct interest on funded debt
"

:

$219,638 27
$180,000 00
23,895 60
60,000 00

"

floating debt
rental S. U. & C. R.

R

"

Taxes

25,5.54

278,949 90

30

$29,411 63

and Loss
Balance to debit this account June 30th. 1890
Sundry accounts charged
Balance income account, deficit

roflt

$116,157 65
4,244 ;iS
29,411 63

$149,813 66
1,035 00

Sundry accounts credited
Balance

1891.

Freight
Passengers

Total

$1,000,6-71

OO

583,604 34
20,817 19

54,49119

Total

31,40572

95,425 42

126,440 00

$1,889,315 33

$1,762,938 34
1890.

$490,883 57
360.507 6T
180,937 07
425,082 84
90,020 07

52,13601

$1,062.573 75 $1,599,567 25
Showing an increase of $363,006 52, or 22-7 per cent.
The earnings were 96-27 per cent of the operating expenses
and taxes.
Freight.
1891.
1890.
Number of tons carried
1,369,690
1,131,891

Fassengebs.

Number 01 passengers

carried

551,010

518,419

Statement of Bonds and GrARANTKED Stocks Outstanding (/. e. NOT
Including Bonds in Company's Trkasury), Lvcludiko Annual
i.nterebt charges and sinking funds.

9.70185

Name of Road.

20.796 04

16.13134
$842,231 44

1891.

Conducting Transportation
Motive Power
Maintenance of Cars
Maintenance of Way
General Expenses

$165,004 85
119,849 89
25, ISO 73
216,960 88
37,134 80
25,252 67

Total
$651,600 31
$689,37383
Showing an increase of $63,126.49, or 1054/100 per cent.
The operating expenses and taxes were 74-42/100 per cent, of the earnings.
Freight— Tonnage carried during tlie years
1890.
1891
Columbia & Greenville R. R
286,389 tons.
273 417 tons

S.U.&C.U.R
Laurens R.R

87,203
19,684

.Total..

"

"'

78,552
19.886

'

"

.393,236 tons.

Passengers— Number of passengers earned during
Columbia &GM;eenvilleR.R

&C.RR

LaurensR. R

371,856 tons.
the years 1891
1890
212..385
178,468
55408
49,782
21086
I6,139

Total

288,879

244,389

]g9]
:

13
05
92
63
221 ra

^W^^
Mau-

••

Ke"t«.et«

Showing an inc^a^ of $55,6«'.26; oV Vl'ij'/m i^r
Operating Expenses and Taxes:

ceS'^^

•••

M«u'™Poler™''''*'^"°°
Mr,™ai:;;vcars.:;;:;:;;:;;:::::;'.v.

••

ueneml Exiwnscs
SlSEkT^n'sI"^
•*"**

$.35,829

.57

36 717 24

1:99022
3,135 86
2.38

^

^'"'^^

86
'^^

""iilil

"j«

^-^"^

^^'"'^^

3.385 68
2,7;9 15

4,180 28

f^

1,24360

^

Xa

l««!,-„

"4,833

91403

H

iS5B^?lfl.;

••••

'

iLcrcaVcofifi»;i23

-^22

OsS

4b

l\r centi

202,080

8,031,00«

Sept. 1909,

5!J

M.

4

S

162,000

],261,00e

113.490

OPERATED AS PART R.

COSTHOLLED.

&

D. R. R.
Pie<lmont R. R.
First Mortgage,

&0

Sin'g

Fund.

1928, 6^ A.
all

owned

1928, 6*

A.&O
&

Int

!

BO

March

Second Mortgage, March
Milton

A

)

1

allowned

Sutherlin R. R.

....

7

First Mortgage, Jan. 1907, 8^ J.
StaU- University R. R.

&J

allowned
11

Leased for Fixed Rkntalh.
Richmond,York River & Chesapeake
R. R.
Stock (guaranteed underlea.se), &i
3 Si 3
Fii-st Mortgage, Jan. 1894, 8^ J. & J
Second Mortgage, Nov. 1900, 6,'5 M.

39

cSN
North Carolina R. R,

29.850'

497,.'-i00

400,000

3-J,000

500,000

30,000

4,000,000

260.000-

1,700.000

lOiJ.OOO-

223

First Mortgage, Preference, April
1897, 7? A.&O......
First Mortgage, Jan. 1907, 7g J.
J
Income, April 1900, 6^ A.
O

&

&

500,000

85,000'

4,-a)0,000

750,000

297,500
46,000

1,000,000

40,000-

Roads Controlled by Leases. Bonds
guaranteee by endorsement.
Washington, Ohio & Western R.R.
50
19-24,

\% F. &,

+Income (non-accumulative). May
625,000

Northwestern North Carolina R. R.
100
First Mortgage, .\pril 1938, 6^ A. &

75

&N..

Oxford

79,980

1,333,000

&

Clarksville
North Carolina R. R.
First Mortgage, No. 1937, 6% M.

&

Clarksville.
First Mortgage. Nov. 1937,

N

111,000

coco-

750,000

45,00O'

50
6jt

M.

&

50,608

jg .g^

WASHINGTON OHIO & WESTERN BAILROAD.
Freight..

$359,820

3,808,000

Equipment Sinking Fund, Gold,

1924,6«

^'"'^^ ^^
expenses and Uixes were f 8-56/100 per cent
of the earnings.

PasHengers:
Number of passengers carried

6^A.&0

A

?244iS04

'^'•^^9 ^8

$5,997,000
1927, 6j<

Consolidated Mortgage, Oct. 1936,

First Mortgage, Feb.

loQO

1K9)

Showlngan fac^^eoVisV^oioiii.'orBi-T/iopw cent*^'*^
FrS'ght'^''""'*'
Number of tonscarried

Consolidated Moi-tgage Gold, Jan.

M.&S

jgjo

$61,816
62,397
2,260
6,838

Passengers

Fixed Chtirges.

152

Stock (rental). 6H* J. & J
Atlanta & Charlotte Air- Line.
209
Stock (guaranteed under lease), 6^

NORTHWESTERN NORTH CAROLINA RAHJiOAD.
Gross Earnings

Miles. Outstanding.

Danville R. R.

A.&O

1890.

$190,477 64
160,5.38 IS
27,138 95
215,623 19
32,108 10
25,E64 30

Taxes

&

I915,6JtJ,&J
Debenture Mortgage, April

cent.

:

ii.

1890
73

566,84-^78
24,256 71

<

$t84.495 66
211,116 55

$875,4&1 28

,

Showing an increase of t33,262.84, or 395/100 per
Operating Expenses and Taxes

•-ShTTwlig

1891,
fl. 148,299

Showing an Increase of $126,377 49, or 7-17 per cent.
Operating Expenfies and Tuxes—
1891.
Conducting rrausportation
$598,76140
MotlvePower
522,600 37
Maintenance of Cars
265.998 40
Maintenance of Way
424,166 74
General Expenses
90,605 36
Taxes
60,44148

Richmond

- &,-ic:;:::

:S90.

RICHMOND & DANVILLE SYSTEM.

1690.

$591,819 48
236,867 32
10,886 09
20,796 04
15,145 35

Express

Trom

107,339

GEORGIA PACIFIC RAILWAY.
Oross JSmiiitige—
Freight
"
Passengers
"
Express
"
Mail
"
Rcnts.etc

From

Roads.)

;

^From Freiglit

1891.
131,991

APPENDIX TO PRESIDENT'S REPORT.

COLUMBIA & GREENVILLE RAILROAD.
Coldmbu & Greenville S. U. & C. and LAimENS

Mail
IRent,etc

S. U.

carried

$148,788.66

Gross Earnings

From

36,601

Total

Deficit

(Inclcdes

42,915

Faesekgebs.

COLUMBIA & GREENVILLE RAILROAD.

Operating Leases.
JVirginia Midland Railway.
Serial Mortgages
1st Series, March 1906, 6!« M.
2d Series, March 1911, 6^ M.
3tl

c^^^^^-

Series,

March

850

&

S

600.0*0
1,900,000

&S

30years,M.&S
4th Series, March 1921, Z% 10 years,
4;; 10 years, 6;,' SO years, M.
S
5th Senes, March in-JO,.')^ M.&S..
6th Series, March 1931, i% 8 years,
E;< 42 years, M. & S

&

1;-I1S
038 SI
*"^'''«'^*'3

SO.OOO-

114,000

1916, 5* 6 years, 6%

,,,.

1,100,000

66,000

950,000
1,775,0J0

28,500
88,150

66,500

1,310,000

JThese Bonds not guaranteed. §53 miles leased to 6.
miles to Chesapeake & Ohio EaUway.

&

O, B. B,

and 9

1

Ueckubeb

.

ITHE CnRONK.'LE.

S, 18S1.J

Opkrvtino I.cambs.— (Cont,)
Oi'iii'i'al Mortffa««,
May 1086,

Mlloa. OuUtandliuc- Klxed OharKea
6%

&S

K

«m,t30

*4,iut.aoo

Iiicoinr MortKn),"*! J<W' 1IK7, d) J.

•10,000

&

liaiiitUn R. R.
Klr«t Mnrtyaifc, July I0I3,8<J.&J
franklin \ Pitl-sylvmiia U. It
I'lrsl MciTlj;aK<'. JillvU'lH, WJ.4 J.
A\'.st.i n N'Ditii (iin.linu It. R.
Firtl Morlltntfe, July 11)14, fix J.
J
^>cund Mc>rti(uxe, July lUlt, 6f J.

<Minrli>ttt>8villa

*

J

A
f

si
ti

C )n»oii(iated,' jiily
J

Atlanlie, TL-nni'«M<e

O

&

&O

First

9,000,000

110,000

300,000

35,000

500,00]

.to.ooo

400,000
iso.uou

....

MSI
5,181

RenUl

1

?J

all

2;^ {-Rental

owned
130,000

First Mortgage, Oct. 1010, OS A.& O
llnioa
Columbia

1,000,000
399,000

00,000

OS
1,00 ',000

&% A.

1943,

50,000 Rental

558
5,000,000

339,600

4,653,000

334,650

^lut and

«

1904; .'x; F.
A
astatesville
Western R. K.
First Mortgajfo, .lolv 193?, 6S J.
J.
^)xford * Hcndei-sim R. R.
Firet Jlortgasi-, July l!).i7. 6« J.;* J

&

971,000

&

13

First Mortgage,

of

315,000

May

Blortgage,

Ga

18,900

M.

7%

1896,

192C,

High Point K. A. & S. R. R
First Mortgage, April 1939,

all

70

Danvillf 4 Western Railway. 1
Fir.<t Mtge. Oct. 1st, 19;!6, ifk.&0
Ell«M-ton Air-Line Railway.
First Mt(;e. Bds. July 18fl8,7< J.& J
I*awreneeville U. R.
First Mtge. July 1890, 7* J. & J
Boswell R. R.
First Mtge, July 1900, 7;< J. & J

70

ilartwell R- R.

10

880,010

18.900

315,000

18,900

owned.

500,000
215,000

30,00)

all

500,000

85,000

owned

,,,,

owned

;3,8G0

Total.

162,«00

(

all

Owned

1

{78,920,650

of Oa.

r.iij

$1,061,810

5XA.&0

$.ll».9.10
*.'7C,'X)0

841,000

allowned
7)t

7,500,000

535,000

l,aJ3.S00

Rent 73,000

liEAHED FOR Fixed Hkntaij».
53

D
22

167,900

4,081,500

&

D

4.57,150

6,851

20),0OJ
900,000

13,009
3J,U0J

17,190

0.000

$51,910,690

$3,118,4|

Rate per

Ist. 1893.

Bate per
Mile"

Mile.

owned by Georgia R. R.
option of Company.

IS140,!)0-)

able at
lOne-half of $8OS,0CO Rental.
f One-half of int«reat guaranteed
ft Danville R. R. Co.

Co., all pay818,432

•l.OlB

by Richmond

and

interest,

by ciulorsement, by Richmond

&

nil to
Danville

ft

Western

R. R.

first

mortgage,

R. R.

first

mortgage

S

3,«ia,000

It.

80
1,500,000

C38

$i«,oai>

1,2TJ,0."0

78,380

six

R

Daiiville ft Western R. R. first mortgage five per
cent, bonds, due October 1st, 1936

This Company has also guaranteed, by endorsement,
the Georgia Pacific Equipment fire per cent, gold
bonds, due August Ist. 1904. of which there are
outstanding
Guarantee as to principal and interest Jointly by the
Richmond ft Danville R- R., and tlie Central R. R.

Banking Company of LJeorgia.
ft Northern R. R first mortgage four-and-ahalf per cent. Ixinds. due March 1st, 1990
This Company is the Joint maker with the East Tennessee. Virginia ft Georgia Railway Co. of

500,000

30,000

500,000

25,000

974,000

4S,n»

'

ft

Macon

2.800.000

99.0

6,000,000

&

These la.st-named bonds are endorsed by the Richmond
West Point Terminal Railway & Warehouse Company, and
secured by the deposit with tlie trustee of a majority of the stock
of the Alabama Ureal Southern Railroad Company, Limited
(controlling the Cincinnati Soulheni Railway, and the Alabuoa
Qreat Southern Railroad), the principal and interest of thne
bonds, under agreement between the hast Tennessee, Virginia &
Oeorgia Railway Co. and this Companv, being primarily aasumed
by that Company, Is not considered as a charge against the
revenues of the Richmond &, Uauvillc Railroad Company, ami
do not appear on its bo(ik.<i.
:

Western HanrUmd.—This railroad will soon begin the
new line from Five Forks, Franklin C<>untT, to
Hageratown, Md. Since tlie compict betw(>.»u th'i R-^aaia^,
iwiwn Weetera Maryland, an 1 the R ilt. h Ohio, Uie freii;ht and naa-.firSn
'**" seni^r traffic of the throe roa U has iocroased. Th^ new Hna
will shorten the throuKh connection about Bve mtlsj and aroU.
the heavy mountain grades.
48,000
"19,500

'

800,000

Int.

$3,400,000

1

105

4^ M. &

First Mortgage, July lJi»,W J. & J
Savannah & Western R. R.
C.olunibus & Wi«tcrn 11. It. FirstMortcage

«J

14,000

"313,115

ia.'i

I>

VwjpRiETARY Lines.

Jan. 1911, «y J.

"

8.33

&D

« J. &

& EufauIaR

2tS.O0O

ejj.ft J

,

t4.999.O0O
4,600(000
4,89O,0UO

&
&

Uontgcimery

65

" East Tennessee, Virginia ft GEoanu, CiNon<.<<ATi
Extension Mortgage five per cent, bonds ** due
February 1st 19 10

311

&

First Mortgage, .Ian. ,189.3, ";< J.
J
Certificates of indebtedness, 6< J.
J
Collateral Trust, May 1!)37, 5« M.
N
Consolidated First Mortgage, April 1987,

Mortgage, Junj 1897,
Macon & Northern R. R.
Fii-st Mortgage, March 1990,

I300,«RO

3,000.000
600,000

1931

9,7«)*.*
80,000 siak,

Bonds and Gi'aranteed Stocks.

Fir.st

Debentures, Jan. 1U23, 6^ and S% J. ft J.. .
Gainesville. J. Ji;S R. R.
First Mortgage, 1911. 7^.1. ft J
8e<-ond Mortgage. 1908, 7'i A. ft O
First Mortgage, Walton R. R. July 1910,

.

owned

CENTRAL RAILROAD OF GEORGIA SYSTEM.

JUobileA: (ilrnnl R. R.
Ouarantwd Stock. 1V4<
First Mortgagi', June 18W, OS J.

4.auu,i«o

per cent bonds, due July 1st, 191 1
Uhariaitte, Coli'Mbia ft Ai'orsTA
R. first consolidated mortgage six per cent bonds, doe July 1st,

all

W))

3,485

J.

314

J

WESTERN North Carolina

880

31

O

Mortgage 5i Bonds to retirethese. tRental and Sinking Fund.
SO|>erato<l by Columbia & Greenville B. R. Co.
•under operating lease.
Rate per
Rate per
Mile.
Mile.
; Leased by Columbia & OreenvilleR. R. Co.
tConsoIidated Second MortKa^ Bonds and InfiifitS
$1,162
•come Mortgage Bonds, half of each to retire these.

(JuaianteedStock, 7<

l,«8a,*M

ViRoixiA H1D1.AND Railway, general mortgage five
percent, bonds, due May 1st, 19(6

f,27S

•(Jeneral

Augusta & Savannah R. R.
Oimrantetd Slock, 7J J, &
Eafontown Branch.
Ouarnteed St"^:k, April
Mouthwostern R. R.

J

AnmuU
32,500

&8

Capital Stock, June and Dec.

J. ft

10

Richmond

& Banking Co.

I,8U,IM0

87
Ajf

the past year of $116, .516.
The following bonds are also guaranteed as to principal and
interest, by this company, by endorsement, but the screral roads
are more than earning their fixed charges, viz.

10

Real Estate Bonds, (W F. & A
Ccrtilicates of Indebtedness, 6* A.&O.

<;E.vrRAL R. R.

R

,

Tlie operiitions of tlie roads comprising this group may be
found on page 10, under the heading of " Roads Leased, Bonds
Quaranteed by Endorsement," and it will be noted that there wao
a deficit in their oi^rations, after paying fixed cliarges during

61

Yadkin

&

7.

ft West i'oinV
R.'
Certificate of liulebt^HlnetM.
of leaw at
Georgia R. It.

Atlanta

138

Mortgage, Oct. 1908,

Interest only,

Asheville & Spartanburg R. R.
Fiist Mtge.iApril lOin, B» A. & O
Se<;oud .Mtire. July 19-37. 6< J. *. J

'Baltimore, Chesapeake
^;. B. Co.

.\labaina.

Annaal Ut.

88

J.& J
1V)NTR0IXKD BY OWNERSHIP OP STOCKS
AND OpERATKD for ACCOUNT OF
THE Companies.

Weatero Railway of

tao,oco

allowned

four per cent, bonds, due February 1st, 1931
$1,000,000
$10,000
Nokthwicstf:rn North Carolina R. R. first mortgage
six p^r cent, bonds, due April 1st, 1938
1,500,000
90,000
Clarxsvili.e ft North Carolina R. 14. first mortgage
six per cent, bonds, due November Ist. 1937
lll.OOO
6,860
Oxford ft Clarksvillk B. R. first mortgage six per
cent, bonds, due November Ist.. 1937
4ft.0DO
750,000
Of the Oxfonl & Clarksville R. R. bonds Nog. 265-750 are guoraateed aata

&

Cjt

First Mtge. Sept 1889, lOjt M.
R. R.
First Mtge, Oct. WW, (!)< A. &

Carolina It. R.
Knoxvillu ILK. Finit Mortcafra,
It J
Flnt Mortgage. May 1897, 6i< M. A N
CoHTIuiu.CD Jointly with (iKonaiA R. H.

»,im

,t

Washinotok, Ohio

(j^

M.& N

& Weitorn

t»Jt»

R. R. Co.

40

Nov.

71,000

387 000

Port Royal

principnl

.">

180,000

.>'ortliea.stern R. R. Co.

J

I

Statement of l)ond9 outstanding which nre jriiaranlced

195,000
31

W

General

300,0.0

...

nichniond & .Mwklwlburg R. R.
First MortgagR, Nov. 19.'1,
M. & N
ft'cond' Mortgage, May; ia)7, 6% M.

AN

Sinking
Fund.

20

1

J

due January

4,501,000

Sinking Fund Oold Equipment, Aug.

112

Total
2,891
•Payable at option of Company.
tPrincipal and Interest guaranteed by Central
R. R. of Georgia.
{Authorized issue $1,000,000 to take up tf Bonds

810,000

&

830,000

ft

tl 000,000, IK J- ft

owned

all

&

M

8

Fixed Rental,
held by CeuU-al R. R. ft Banking Co. o^
Georgia.
Htook
Debentures, July 1897.(1,000.000, Jan. 1910,

6S

titjm
tOM**

l«
35

H

2,000,0-M

8"i

1S»S3.5SA.&0
Income Mortgage, Oct.

ft

tmjon
8.000,000

Jlnr'gagfl, Jan. 18M,t)e J. ft

O

lUI

&

Inomie

Flral ConKOliilated
4W)< A. &

aM.9.-.n
103.0>>l

Si

R H

KM

lS«o,7:«J.

7,500} Rental
750 )

u',aoo

JFirst Slortgage, Jan. 10,1983. 8^ J.
&J. 10th
Oivirgia Pacific Railway.
Fii-st Mortgage. Jan. 193?, C* J.
J
tS<voud :Hortgage lucoinc, 0«t.l»-33,
n% A. & O
(*'»n.militiat*''l, Second Mortgage, Oct.

R.

..
ft.

1
.;.>, Jan. 1BI8.WJ.ft J
Port K"vni.\ .\ugUHta R. R.
Flnt Mortgage, Jan. IHM, 8j| J. ft J

ii:>,00a

8I.V100
sso.ooo

..

I'ennlle R. R.

AuKuata

AO

..Spartanburg,

J.

£H

It

Wr

(W

•JiUIUHKiclKeR. K..7«
r.aurens Railway.

It.

M J.

M.

•/ft

J

Coluiiitnw K.

11>T7. r.»

Atlantic

M>

t
«

H.I.

Heooiid Mortgage, Jan. 1808, 8K J.

&

lO.'C,

.V

UHjm

Booda

Mort age, March 1010,

Ui-

«i

A.

Flml Mig Sept.

44

&
IKtOct
Fii-st Mtj?e. July 1837, 7« J. & J
First Mtue. July 1897. ()< J. & J
•Columbia & (iiveuville R. R
First .M.)rtj,'ftKB, Jan. 191(1. «S J. & J
;Mort({ase, April

July
nm Mortgave.Rom^
A

& A).

W

R.

1894.
1990,

Chattino«>ga.

Savannah

\iii A, .40
Klral Mlg«. July !!»», 7* J.
J
Klrsl Mtgc. July I'.NIO.
J.& J
Clieraw A Chestt-r N. O.
Stock ( If uaranteuil by C.C.
A),

1

»l,880

4.110,000

Ohio R. R.

&

Socon

17,000

8,890,000

ISl

StiKJk. A.&
First Mortsaxi.', 1313, 0« A.
I-oiioir N. U. liail»-ay.
Cliestor

Stock (KuarantivMl by C.C.

SH.tXXl

W J.

1933]

MIIm.

HU.ItS

30U

R R.

Unrh.— (C'nnl.)

nnt Mortgago, Jan.

lirsi MortKftKe, Jmi.lS'JS.TiJ.&J
Socin.l 5lorl({a(?«, Oct. tOW, 7J A.

First

PaorRiicTAiir

Ouluminu A K<unn R. R. Flmt MortoaM
Jan 1B14,6)I J. A J
rint Oonaoldatwl Mortgnice, March 1M»,
Roina ft Carmlton K.
OOMin RUMUiudilp Co.

130,000

SI

*

t liarloi t». Ciliiinbia ,& AtiKuata

•

•

XJ
490,000

845

stniction of a

THE CHRONIOLE.

846

Dmin Point.—Thomas Hughes ard

Baltimore &

S.

John-

Bon Pop havo been appointed receivers of the Baltimore &
decree was made directing the reDrum Point Railroad.
ceivers to sell the road at public auction. The road was incorporated in 1887, and was intended to run from Drum Point.
CaJvert Countv, to Baltimore. The State of Maryland and
Anne Arundffand Calvert counties subscribed to the stock of
the company, but afterwards withdrew their subscriptions.
The company i.'sued over a million dollars of bonds, $40U,000
being held by the Annapolis Washington & Baltimore Railroad and $300,000 by a New York syndicate.
Pongliiecpsie Bridge.— The bonds have had a sharp advance this week, due to reports of pending negotiations with
Btrong corporations seeking the control of the entire system.
It was reported that under the agreement the hulders of the
Poughkeepsie Bridge 6 per cent bonds will be enabled to exchange them at 80 per cent of their par value for new bonds
bearing interest at 4 per cent, and gxiaranteed, principal and
In other words, the
interest, by the controllirg corporation.
mortgage upon the Poughkeepsie Bridge will be scaled down
from $5,000,000 to $4,000,000, and 4 per cent bords to that
amount will be issued to replace the present issue of $5,000,000
"It is underof 6 per cent bonds. The N. Y. fleraW says
stood that the fale wiU be to the New York & New England,
New York Central and Boston & Maine rouds. The transfer
includes the Central New England, with a bonded debt of
$3,500,000. The Central New England & Western bondholders
to receive new bonds, while the Delaw.are & New Eaglatid,
owner of the capital stocks of both the bridge and the Cf-ntral
New England, is to receive a part of $1,300,000 advanced."
At
Kichmniid Nicholasville Irvine & Beattyyille.
Louisville, Ky., December S, in the United States Court, on
complaint of "the Central Trust Company of New York and
other creditors, this railway was placed in the hands of a
receiver, John McLeod, being appointed to act in that
The preFs dispatch says tlie complainants were the
capacity.
Central Trust Company of New York, trustees of the $2,000,000
worth of bonds issued by the road; the Louisville Trust Company, whiih holds something near $600,000 worth of the
ix>ud8; ti e Shippler Bridge Company of Pennsylvania, represented by J. W. Walker, the proprietor, and D. Shanahan &
The Ohio Valley Improvement and CouCo., contractors.
Btruction Company U also involved, both as debtor to the
bridge company and creditor of the railroad company.
The
road, which is piojected from Versailles, Ky., to Beattyville,
97 miles, has 51 miles completed and in operation.
hichiuoiid Terminal.—
number of owners of Richmond
Terminal preferred stock met at the office of Messrs. Laidlaw
Co.. No. 14 Wall Street, and took measures to protect their
interests, in the unsettled state of Terminal affairs.
A committee of five, consisting of H. B. Laidlaw, Rudolph Kep-

[Vol. LIll.

(^ommtvcml gimes*
COMMERCIAL EPITOME.

gite

A

Friday Night, Dec. 4, 1891.
was excessively cold during the first half of the past
week and snow fell in northern and middle latitudes, threatening the close of inland navigation at the North and tempoIt

^

|

a stop to cotton picking at the South. Considwas caused to-day by the throwing of a
dynamite bomb in the banking office of Mr. Russell Sage.
The man who threw the bomb was killed, Mr. Sage was
slightly injured, a clerk was said to be very severely injured,
and the office was greatly damaged.
The following is a comparative statement of stocks of
leading articles of merchandise at dates given:
rarily putting

erable excitement

'

;

i

1891.

:

—

Dee.

Pork
Lard

bbl9.
tos.

19,787

2i>.til3

35,051

bags.
bags.

158,7^9

mats.

40,(39

hhds.
boxes.
bags, &o.

3>55
Nou.-.

Cotton...
B»«ln
Spirits turpentine
iSkr

Rloe, E. I
Rice, domestic

Linseed.
Saltjietre

Jnt« butts

hemp
bbls.

2«,:139
1 8,072

,5.i7

.

30,150

21,0

45,502
65
None.
409 251
None.

33.

00

5,100

No.

273.100

2 0,900

bales.
bbls.
bbls.
bbls.

254.<i4S
21, .581
1,8

lf)ti,296

19,559

20,4 « 5

868

4J3

7 5

bags.
pkgs.
bags.
bags.

39,500
2,500

25,000
1,200
NoQe.
17,0 O
51,o00

1. 11
1,020
15,100
3,V00
Noue.
125'iO

bales.
bales.
bales.

Bisal tieinp

20

bbls.

lilids.

Hides

T.IS.S

1.

17.847
50,0 1»
2 1,925

117
None.
262,671
None.
144
5,200
481.700
55.870

hijds.

Flour

1<,167
42,2B4

2!t,75 7

HolaHses, foreign
Molasses, domestic

Manila

30,4.52

1890.
Dec.

1.

tahds.

iSeo

Sagar
Sugar
Bugar
Melado

17,418

1891.
A'ul!.

bales.

Tobacco, domestio
Tobacco, foreign
OolTee, Rio
Ooffee, otlier
Ooffee, Java,

L.

and sacks.

190.096
None.
1-.5

H

N'.ne.
17.fK)0

42,200
.507

9,6«0
140,700

779
1

1..5O0

S'^.OnO

507
7,650

2,707

4.02S
279.400

159. 00

Lard on the spot has been moderately active, with slight
prime city and 6'43j^ §
6"45c. for prime Western, with refined for the Continent
&
Lard for future delivery was depressed
•quotedat6'55 (ii6-75c.
early in the week, but was firmer yesterday, and to-day active
pler, James McAnnerny.W. H. Goadby and H. E. Alexander,
was appointed to look after the stockholders' interests, to em- and buoyant on a demand to cover contracts, owing to reploy legal counsel and to collect five cents a share for a fund ceipts of swine at the West proving smaller than expected.
JA.Il.T 01A>SIMi} fKlUUfl 0«' LtA.ISJJ «UrUKli.6.
to pay expenses.
Wtut
Sat.
Afon
r*ur.
f^.
The committee appointed by the directors of the Richmond
6-40
6-36
6-33
6-40
o,
634
633
Terminal Company to examine its affairs exhaustively and Dei ember d-livery
6-55
6-43
6-4!l
h-44
6-51
aniiary delivery. ....c.
6-4H
prei>arp a compiehensive plan of readjustment has decided to Pi.liru.<ry delivery ... c. 6»i3
6-53
6-53
6-60
6«0
6o6
6-73
6-63
do no further work until after the meeting of the stockholders March delivery
6-63
c.
6 70
6a6
e-JO
Monday.
next
The decision was reached at a meeting held
Pork has been more active at the late decline, Some large
Thursday
on
at the office of Eckstein Norton, at which all
the mem b« IS were present. It is stated that the committee transactions in cutmeats have been reported; also in beef
feels that it needs the authority of the stockholders back of hams.
Tallow active at 45gc. Butter and cheese are unit to make any work it does satisfactory to the men who have
changed.

A

fluctuations, closing firm at 6c. for

.

been asked to give their time to the labor of straightenmg
out the Terminal tangle. Should President Inman receive
BuflBcient proxies, as requested in the circular issued by order
of the directors, and mentioned in our last issue, the committee therein named will proceed with the work of formulating a plan in the direction of a permanent readjustment of
the company's affairs. It will be seen that it is important
that the stockholdersact prom ptly in the matter of sending their
proxies if the services of this committee are not to be lost.
Westinghonse Electric & Manufacturing Co.— Mr. Paul
D. Cravat h. the attorney for the company, says:
"The completion of the plan of reorganization adopted by
the boaid of directors April 14, 1891, and t.y the stockholders
July 15. 1891, is announced. The stockholders have responded with substantial unanimity to the call for the surrender of 40 per cent of their holdings for the use of the
company. Of the stock at the disposal of tne company,
$4,000,000 has been converted into 7 per cent preferential cunaulaeive stock, and the balance into 'assenting stock'
entitled, af ler the preferred stock, to a 7 per cent annual
preference. Pi ovisioQ has been made for the company's debt
and
working capital by the sale at par of S3,00(i,006 of the preferred st.ck. for which payment in full has been received
The company has acquired almost all of the stock of the
United S lilies Electric Lighting Company and the C.m^olidated i^leclric Liglit Companv (commonly referred to ai
the
'leased companifs'), so that the tixed charges
formerly incident to the leases of these companies are now
substantially
obliterated, and the consolidaiion of interests
thus effected
has rendered po-sible a great reduction in general expanses
The saving
interest upon debt, rentals and
other fixed
"^"''^^'^ by the reorganization amounts
to more
fi!^'"'*TJ',',nn
than ^400.000 [jer j ear. All this has been accomplished
without incr. asing the coiiipiny's capital .stock. The
reorganizition has been effected without liti.'ation and
without inter
ruption to the business, its three factories having
been k°Dt
'^
tontii.uous

m

m

oper.ition."

Coflse on the spct has been quiet, but the close was firm.
Rio No. 7 is quoted at V&%c. Mild grades firm, bat quiet;
good Cucuta is quoted at 19J^c. The speculation in contracts
has been quiet, and vahies have made no important change.
The close was steady, with sellers as follows:
Deoemljer

12-5"o.

January
February

..ll'90o.

11 7dC.

March

ll'70c.

June

April

11:^.50.

July

May

11-500.

ll'45o.
ll'40o.

—an advance of

20 points for December, but a decline of
15 points for other months.

5@

Raw sugars have been firm but quiet at 3J^c. for fair refining muscovado and 3J^c. for centrifugals. 96 deg. test. Refined sugars are fairly active and a trifle firtner
crushed is
quoted at 5ia5J^c. and granulated at 4 Z-\6.obi)^c. The offerings at the tea sale on Wednesday were small, but prices were
;

easier.

^

Kentucky tobacco has continued active, and sales for the
week are again 800 hhds., of which 600 hhds. common lugs,
Seed leaf in rather better
request.
Sales for the week 1.340 cases as follows 300 cases
ISsiO crop. Pennsylvania Havana, 11a 40c.; 140 cases 1889crop,
Pennsylvania Ilavana. l.'jc.; 250 cases 1890 crop, Pennsylvania
seed leaf, 12 • 17c.; 150 ca.ses 189.) crop. State Havana. 15 .'20c.;
250 cases 1890 crop, Wisconsin Havana, 13 a 15c., and 150 cases
sundries, 6;..<.a 30c.; also 500 bales Havana, 70c.(a$l 15, and
200 bales Sumatra. S2,a $3.
Refined petroleum in bbls. is firmer at 6'45c., and the market generally is strong. Crude cerriRciies closed at 59J^c.
Spirits turpentine is lower at 34a)343^c.
Rosins are unchanged. Wool in rather better demand. Hops are wanted
for export at 17La22c.
On the iletal Exchange Straits tin closed weak; sold at
19'95c. for January.
Ingot copper was nominal. Domestic
lead firmer at 4-30c. Further large sales of steel rails have
been reported at steady prices.
but other particulars are withheld.

:

13

J

..

DRCCMBKR

6,

THE CHRONICLR

1891,

847

COTTON.

Id tddiUon to aboT* ezporu, our t«l«Kn»nis to-niRht «li»
give us the following amounU of cott..
Friday. P, M,. December 4. 1891,
i|>bo«rd, not
cleared, at tlio |H)rta n«iD0<l.
We a'l
flrurM
Thb Movkmknt of thk crop, as indicatod by our teleRram" New York,
" for
which
are
prapared
for
our
»in^.»,
um
br
from the South to-nixht, ia K'ven bolow. For the week endlnv
Carey, Yale ft Lambert.
Bearer
Street.
thia eveninjT the total receipts have reached 293.101 baler,
a)(ainst :ii;!,325 bales last week and 3.25, lU bales the previous
wpok. niivkiiiK the total receipts since the 1st of Sept., 1891,
Z>M. 4 olanal
OOur Gmw<8,705,847 bales, ajjainst 3,440,570 bales for the same oeriod of
ToUU.
Britain. rrmtM.
iHm.
189u.ahowinKan increase since Sept. 1, 1891, of 825,277 twlea-

U

«r

Reenph at—

Mm.

Sai.

Qalveaton
El Paso, <to...
Orleans...

New

Hoblle

TKun.

Wed.

Tuet.

NewOrlaant*..
Frl.

8,353 12,901

7,768

314

......

6,909

8,002

5,016

842

1,156

99.000
9,993

5,137

6.973

5,900

Brunsw'k.Ao.
Oharleaton
Port Koyal,&a

2,961

Wtlmlni^on

2,928

WaA'li;ton,&o
Norfolk

West Point...

5,054

2,756

3,827

3,205

297

297

6,114
8,147
2,563

40,850
8,147
20,369

1,334

2,632

9,653
173
19,322
13,850
2,364
4,267
4.852
5.861

537

3,46'J

••-.•

954

1,667

1,362

1.408

173
3,742
1,658

6,055
2,465

4,634
2,424

2,293
2,504

I,50S
2,218

542

1,131
1,262

561
801

839
598

736
843

3,211

18

N'wp'tN'8,4o.

New York
Baltimore

49,444

7,181 30,900 21,525 10,611 13,914 14.920
904 3,153 1,269
869 1,014 2,794
4,694 12,032

1

254

Ptiiladelpli'a,&o

Oalreaton

aavannah

Florida

Bavaiinah

Total.

339

1,081

2,093
2,584
2,364
1,000

816

579

670

TotaU this week 36,430 77.042 48,158 37.454 39.351 54,726 293,161

Ubarleston.

.

..

VIoblie

Norfolk
!»ew York

Other port!....

45.000
4S.4S4
0,300
6,000
13,000
15,000
3.500
28,000

TotiU1891... 160,134
Total 1890...
81,039
Total 1889... 109,509
• Rttlmated.

80,000
1,983
None,
None.
None.
None.
1.400
None.
\

1

16.000
8,736

8,000
8,966
3,700
1,000
None.
2.000
None.
Hone.

11,1100

11,000
None.
4,000
4.800
16,000

•8,000
66,018
30,800
18,000

343,604
60.041

I3,<K»0

3X279

21,000
8.700
44.000

39,763
357.140
47,438

33,393

71,436

18,606

283,618

936,330

22,940
31,084

95,468
75,503

10,148
39,868

318,696
347,029

478.988
478.3«»

The speculation in cotton for future delivery at thia marke
week has been marked in its progress by wide
fluctuations in values and no little excitement. The opening
on Saturday was almost panicky, owing to weak Liverpool^
advices and the increase in the visible supply to more than
for the past

four million bales, together with advices that receipts at New
Orleans were to continue very large. But on Monday the Liverpool market was steadier than expected, and the receipts at

principal interior towns showed a material reduction from
For comparison we give the followinjc table showinff the la-it year, promoting a demand
to cover contracts which
week's total receipts, the total since September 1, 1891, and caused,
in the final dealings, the partial recovery of Saturthe stock to-night, compared with last year.
day's decline. On Tuesday the market was again in a semiI)anic, under weak Liverpool accounts and disquieting ruraorg
Slock.
1891.
1890.
Receipts to
of tinancial difficulties arising from the vast accumulation of
Since
[Since
Thi»

Dec. 4.

Sep.

Week.

Galveston..

Uoblle.
Florida
..

Bruns.,<&0.
Oharleaton ..
P. Royal.Ao
Wilmington

..

..

PUl'dera.&c
Totals...

..

Sep.

1,

31,597
i.iie
80,991
9,574
903^
37,355
8,048
14,903

1891.

1890.

1890.

139.054

79,888

915,,854

436,554
41,279

222.921
32.235

115,601
11,013
68,046

138.710
15,809
53,264

23,876

12,148

60,753
9,436
1,256
266,140
25.000
14.190
6,655

42,752

6,004
50,019
22,00U
16,651
5,123

293,161 3,765.847 211,318 3,140,570 1,218,753

697,584

770

Boston
Baltimore.

This
Week.

611,,592
0,,200

110,626
1,246

9,653
173
19,322
13,850
2,361
4,267
4,852
5,861
3,469

Wask'tn.dkc
Norfolk
West Point.
NwptN.,<feo

New York.

1891.

49,448 699,920
15,611
1,156
99.090 1,151,785
151,207
9,993
297
13,492
40,850 644,962
95,390
8,117
20,369 318,839

ElPaso,i&o.
New Orleans.

Bavannah.

1,

151,,246
23,,917

644, 906
98,,415
269, 296

498

187J

3,973

129, 997

293

1, 634

280,408, 22,567
171,803'
9,423
14,693
3,592
12,098
2,142
41,811
8,147
13,591
5,098
27,524
1,371

317, 217
176, 629
15, 224
11, 330
26, 214
20. 994
16, 357

In order that comparison may be made with other years,
give below the totals at leadin? ports for six seasons.

Rccaptsat—
Saiv'ston,<fco

New Orleans
Mobile

Savannah.

..

Charl'st'n.&c
Wllm'gt'n,&oi

Norfolk

WtPoint,&o
Al others
Tot. this week

I

1891.

1890.

50,604
99,090
9,993
40.850
20,369
9,826
19.322
16.214
26,893
293,161

32.743
80,991
9.574
37.355
15.090
4.271
22.567
13.015
25,709

211,318

1888.

1889.

31,624
98,312j

11,125
35,072
17.122!
8,786'

20.148|

17,060
19,939

265.183

1887.

24,135
88,296
12,174
32,524
19,399
8.366
22,789
20,053
15,314

we

1886.

27,470
88,595
9,253
33,983
19.432
7.745
25.283
23.562
13.696

24J.08o! 219,019

35,136
82,314
12,559
32,310
17,162
5,923
19,579
7,746
15.157

227,886

Since aept.l. 3765,817 3110,570 3354,903 2967.176 3379.965 2941,47 6

The exports for the week ending this evening reach a total
of 279,013 bales, of which 182,256 were to Great Britain, 20,270
to France and 76,486 to the rest of the Continent.
Below are
the exports for the week, and since September 1, 1891.
Wetk BnMnt Dec.
Exported to—

Bxprntt

Oreat
OonMBrW'n. f"*nce\ n«nt.

from—

t

Galveston...

N«w Orleans
Mob. A I'enc It
BaTtuinah

Branswlck

....

Charleston

63.631
31,e55

4.4 54

<

11,079

J

1.700

13,eS2

JVvm

4.

Total

Week.
S9.9Si
»9,38S

20,299,

20,078

6,862
26,061

17,623

10,376
6,8a2
43,177

3,903

16,820

West

Point...

1,373

12,36.'>

N'portNws, 4o
New York
Boston

7,112

IS..'?!!

B«ltlnj..ro

Phlladelp'a.&c

Total

ToUI.

11,827
7,882

2.078
9,792
9.615
8.218

200
1.137

7,729

M3
182.256

2,278
328!

1,

1891, to Dec. 4, I81

Exported to—

WiliiiiuKtou...

Norfolk

Sett.

a,M.s
11.047

ereat

„^t

861,210 .16,701
319,261)148,799
18,36a
131.082 18.S2a'
19,672
119.SS8
6,650;
30,309
69,265
3,100
53.678
722
7.673
179.800 12,813

1890.... I02.16li 29,009

——

—

118,611
613.388

112,465

13,359
292,6'

61.670,

2,900

93.279
88.399
15,620
9,233
78,036
1,126
10.236
6O0I

49,672
218.117
68,708
88.275
62.809
8,396
269.669
72.292
80,431
7.71I7

7«,«8« 279.012 1,151,138 828,131

842.797 2.322.366

75.489 20<).632 1.822.990 242 103'

781.862 2,827.21 6

—

—

UPLANDS.

noB Taea Wed Tk.

Sat.

6H„

V lb.

Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
Strict

LowMlddUnK
Low Middling

61*16
7Ji
7»B
7^6

Middling
Good Middling

ill*
8%

61.,

6l.g

6l,s

7V»
7»8

7H

8»8

7'4
708
7^8
8>.«
8>8
8»9

MlddliogFatr

9.<i,

93.,

Fair

901.

Strict

Good WddlinK

GULF.

Sat.

Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
Strict Low Middling

7''8

99i,

8'16

6>i*
7**
7»»
7^8
81|«

7»8
7'9
8<ie
8"%
8«8
9»i«

9»„

Wt%,

8ll|.

8%

9»i«

non Tnee Wed

7''8

81 •

8V
iH

8<>8

9»i,

7Vt
7»»

?»«
9'i«

Tk. Vrt.

fib.
S.'*
7»i«
7»»

7^
8
8<4

MIddUng

8M

8

8

8««

8V1

8Vi

87„

87.

9

9

MIddUng Fair
PaUr

8TAINED.
9ood Ordinary
Strict Good Ordinary
Low Middling
MIddUng

V

9»16
lOlie

9w,i

Sat.

noD

lb.

?4*

8
8>1

II."

(Kiod Middling
BcrlctGood .Middling

•

iil'

8%

8k

9

9

9

«»w

»»I6
9l«i«

»1&

91^.

Wed Tk.

9*1*

Wwt,

51,,

8»i,

6l4„ 6llu

8

51*1.

i?i?.

6i»,,

?;;••

7".

6<lt.

7^

MARKET AND 8ALXS.

Tota.

I76,3;i3

1

643
20,270

A

Conti-

BrittUn. france

71,166
87,296

On Wednesday there was renewed exhibitions of
strength, the bears hastening to cover their contracts on a
stronger report from Liverpool and some reduction in movement of the crop. The market yesterday was much depressed by unfavorable Liverpool advices.
decline quite
unlocked for took place in tnat market, and prices on our
Cotton Elxchange fell nearly to the lowest figures of the season. To-day there was some recovery on a stronger Liverpool
report, but speculation was dull, and in the last hour most of
the early advance was lost. The statistical position continued
to discourage speculation for the rise.
Cotton on the spot
declined l-16c. on Monday, and closes nearly nominal at
8 l-16c. for middling uplands.
The total sales for forward delivery for the week are 588,500
bales. For immediate delivery the total sales foot up this week
2,214 bales, including
for export, 2,214 for consumption,
for speculation, and
in transit. Of the above
bales
were to arrive. The following are the official quotations for
each day of the past week November 28 to December 4.
stocks.

The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the foUowinR
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on

game days.
SPOT MABKBT
CLOSBO.

Satardsr Eaey at Ik
Monday. Quiet
.

Tneeday.. Eaay

Wed'day. Steady
Thursday Ea«y
Friday... Steady
Total.

dee..

•ALM or SrOT

A!ID TKAiarT.

aatmtf
K»-

OcfH-

Spee-

Tnm-

j»or«.

fwmp.

ul'l'n

tit.

_.,

.

fWnrra.

'**"•

996
330

888

170
348
180
388

94.100
1I9,I0»
119,400
108,600
91,500
65,900

9.314

3.314

Isklo^

99S
330
170
346
ItiiO

«

.

THE ('HRONICLE.

848
The Sales and Prices of Futures
following comprehensive

are

shown by

rvoL.:Lni.
1891.

the

table:

1889.
702,000
14,000

1888 I
441,000
7,000
448,000
1,600

1,000

716,000
1,900
83,200
3,000

500

300

1890.

777,000
27,000

bales. 1,010,000

stock at Liverpool
Stock at London

9,000

Total Great Britain stock. 1,019,000
3,000
Stock at Hamburg.
92,000
Stock at Bremen
18.000
Stock at Amsterdam
300
Stock at Rotterdam
5,000
Stock at Antwerp
240,000
Stock at Havre
8,000
Stock at Marseilles
50,000
Stock at Barcelona
7,000
Stock at (JeL-oa
23,000
Stock at Tiieste...

804,000
3,300
115,000
3,000
171,000
3,000
46,000
7,000
4,000

5,000
142,000
3,000
49,000
5,000
6,000

91,000
2,000
29,000
3,UO0
5,000

446,300

363,800

298,400

153,700

1,465.300 1,167,800 1,014,400
16,000
50,000
22,000
IndiacottonaUoat for Europe.

601,700
40,000
605,000
48,000
.
816.916
358,194
20,883

Total Continental stocks

Total European stocks..

•

1

..

843,000
41,000

Amer.cotfnadoatforEurope.

Ecypt,Brazil,&c.,afltforE'r'pe
Stock in United States ports.. 1,218,733
521,419
Stock in U.S. Interior towns..
52,345
United States exports to-day.

665,000
51,000
697.584
430,943
28,800

706,000
47,000
725,328
297,503
48,484

8,400
13,000

300
400

4,163,817 3,057,127 2,888,715 2,490,693
Total visible supply
Oltlieabove.tlietotalsof American andotlier descriptions are as lollowsbales.
824,000
321,000
American afloat for Europe... 843,000
3,318,753
United States stock
United States interiorstooks.. 521,419
52.345
UnltedStates exports to-day.

Liverpool stock
Continentalstocks

516,000
206,000
706,000
725,328
297,503

497,000
239,000
665,000
697,584
430,913
28,800

4 8,484

345,000
112,000
605,000
816,916
358.194
20,883

3,780,517 2,578,327 2,499,313 2,257,993

Total American
East Indian, Brazil, rfc—
Liverpool stock
London stock

186,000
9,000
125,300
22,000
41,000

Continentalstocks
India afloat for Europe
Egypt, Brazil, &c., afloat

186,000

280,000
27,000
104,800
16,000
51,000

14,000
92,400
50,000
47,000

96,000
7,000
41,700
40,000
48,000

Total East India, &o
Total American

383,300 478,800 389,400 232,700
3,780,517 2,578,327 2,499,315 2,257,993

Total visible supply

4,163,817 3,057,127 2,889,715 2,490,693
5i«d
SOgd.
5^i,d.
46, ed.
9^80
lOMo.
Siiec
9'i(,c.

Price Mid. Upl., Liverpool
PrioeMid.Upl., New York....

^"

The imports into Continental ports this week have been
110,000 bales.
The above figures indicate an increase in the cotton In sight
to-night of 1,108,690 bales as compared with the same date
of 1890, an increase of 1,075,102 bales as compared with the
eorresponding date of 1889 and a,n increase of 1, CIS, 134 bales
compared with

as

1888.

AT THE Interior Towns the movement— that is

the receipithe shipments for the
items
for the
week and the stocks to-night, and the same
corresponding period of 1890— is set out in detail in the
following statement.
for the

week, and since September

B 6-eg o

S&» 2 E,-;-ge2 %? S.2

1,

= 3 2-< E S

ri%?^aB

4;
2!^.-g""^5?s>;
»<»k.5' ^' op-

o

i-

»r»-

:

r»=H:

ViuVtoVoa<iiiOiooooVroauc*.ko9'^ioM<-'^g'>-M9'

oloas^aiCDtCWO". OOClOO!OCOCCift-a:J;)t-3:lXOCCODO»JCS-J(D

WMM»0b5KI>t.|^

CJiCDCClOtrj^U'Myt-

W*-"

X o »V. <iV)"ji ViooM oos oicc^io M to cwi- ti O *. (i C 10 ;SStoS5Sowaca03w~]U'0.r-<iccooic-jo^*-^ww;i2o:"
OS Mffi

«wSSwSJ.WtOtOOJM®(OCOWtOOEWW»II.~JtOt«---JMffir-j^

u
o»£a5i^iSxoos-5to«uoi-C3C-oo-<icccwkS{OOC»
o^£"?-ifa(£agi^coa'U<(jroMiJCooMtaoDucoooi>ici'».u»
-10
t-

C<IJJ'WCJOWQ0

I

K3)b

;

*. Oi 01 C5

*^^T (- to

J^S^'^^P?-^

^^1- C'^p.-loCOOCnCc'tDt-'^CKWOCCoio
— COTWWODODWtD^O'W — 03Oi*»CDCO'

©iociP.y<o;oiC''Occ*.tctowotjci<j*.i*^

W to ^ to

rf-

to

M *.

OiO'-'>-'W*-01HHHMit*a'WW»-

SKa

,_,^tcio<jp^tcwx^tK)Mau
„, ^
cJiS'-fl-5j-ca'ixiOi^ffloco*'-ri««^K,ie-Mios^tOEO_x;.ig-i

CJ'KH©O^GC*.W0;f-*O* CDOOfficC'COOCC-JWCOXWU'WOC-J
-to

C.9

KStoaNto-owwWH.^-u.aoioacit'CtoKicojotiMj.MWtoacoaeVxklotf'VobJeV^-oc^cMctwQowo'Maif'tsoci

J^^^£ietSca;co«-iotoatf^owtt->t*o:'a(OO^xtf--aoo3Uio

• Inelndes sales In September, 1891, for September,
19,600: Septem"V-cui
ber-October, for October, 344,200.

tSbO
t«

s.

n. for

s.

n. for

March.
•50 pd. to exch.

200 Dec. for Mch.

•17 pd. to exch. 1.000 Jan. for Feb.
60 pd. to exch. 200 Jan. for May.
16 pd. to exch. 1 ,100 Feb. for -Mch
70 pd. to exch. 1,000 Jan. for J'ne.

The Visible Supply op Cotton to-night, as made u bv cabl ^

is as follows.
The Continental stocks, as well a®
those for Great Britain and the afloat are this week's return-,
andconsequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Dec. 4), we add the item of exports
from
the Umted States, including in it the exports of Friday only.

I-"

O-.i-'

S-.O^'l-'^-lOW

-WJOOitO

00

01

I

W05*»C;'010'IOOM M; Cltj- P®|0*^t^*.OiH^W
XMtOtO't-OO
Virobb'.-QDVc..V' 'to; 'towiu^-wbl^b'^bacfcco ODtOCO'.JWife
acj©*.«:ajwa>ccw,
"

CdtOOOKCW-

*

and telegraph,

—

O^C^OCOCOOK5^0MMXg.aog<l-4CI-'h-aaiClt^UOi«^

The following exchanges have been made during the week:
21 pd. to excb. 500 Deo.
Jan.
•56 pd. to exch. 100 Dec.

tOMi-

b -iVs"to"- Vffi cc tt V tc'to *- tc "c Vo b'= Vio wtEwjoio-totcw

t

Louisville ligures "net" In both years.
This year's llgures estimated.

The above totals show that the interior stocks have increased
during the week 19,922 bales, and are to-night 90,476 bales
more than at the same period last year. The receipts at all the
towns have been 7,624 bales less than the same week last
year, and since Sept. 1 they are 330,363 bales more than for the
same time in 1890.

.

.

DEOBMBRR

:

THE CHRONICLE.

5, 1891. J

Quotations fob Middling Ootton at Other Markbth. Below we give closing quotations of middlinK cotton at South«rn and other prinolpal cotton markets for each day of the wpek
OLOSDfO QaOT.iTIO!fS rOR XIDDUNO OOTTON

Week ending
Dec. i.

Hon.

Tuei,

Wednet.

Thur$.

7>«
7'a

7>a

•7't

7a»

7H
7%

7%

788

Mobile

Bkvuinah

.

.

Charleston.

Ik'

Wiliiiin«ton.

73»

Norfolk
Boston
Baltimore...
Philadelphia
Au<nMt;i .. ..

Louis

St.

Clnciuiiatl..

Louie viUe.

V4

..

'At

7'8
7'4
7'4
7!%

l>
738
li*

November three inches and forty-four bundreatlM.
Palettine, Teajaa.— There has l>een no rain during the week.

Elainfatl for

7^

Average thermometer 56, hlgheat 76 and lnwest 38, During
the month of November the rainfall reached four inches and
nine hundredths.
Huntsville, Texaa.—'We have ha<l dry weather all the week.
The thermometer has averaged BO, the highest being 74 and
the lowest 28. November rainfall five inches and twenty-six

1^
8'!:
7»8

fir

8>a
7'i8
7»8
7»8
7^8
7«8

cranerally drawing to a close.
aalvuton, Teu;a».—We have had light »howor< on two dart
of the week, the rainfall reaching eight huiKlndths >.f an inch,
the thermomotcr his rang.xl from 41 to 75, avpraglnc 48.

*w.

I,'*
7«9
7«*

7^

V4
7'i«

Memphis

7^

87„

8>a

7%
7»8

7».,a'9

Z!'«

??^«
7«8

??r

7»9

closing quotations to-day (Friday) at other importanl
Southern markets were as follows:
7l8 Little Kook....
Atlanta
7>4 Newberry
OolumbuB, Qa.
7
Montgomery .
7'4 Raleigh
CoImuliu8,Mi8S
6% Nashville
7% Selma
T^
Bufaula
7»8 Natchez
Shreveport....
6'g

Receipts From THE Plantations. •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
flnally reaches the market through the outports.
Week

Beeetpf at tIM PorU. St'kat Interior Tbunu. Rec'pffrom Planrn$.
1889.

Oct. 30...

Not.

«...

"
"
"

«0...

Deo.

4.

1890.

308.215 313,188
.SOO.lSo 300.380
2S1.488 278,281
288.607 266.044

13...

1891.

.

1890.

I

1891.

1889,

1890.

I

1

1891.

3.50,489 201,020 244.706 335,347 332.131 392.927 374,973
341,697 238,838 281,151 373,830 .3.37.011 '337,111 [S82.080

345,688
325,714
288,618j263,0»l;3l3.225
S65.488 241.318 293.161

87...

1888.

217,032; 332.297 123,178 302,682'319.130)305.2in
3o7,825 360.179 166,821 299,400 303,s)26| 869,157
'

1

271,708390,678 501,497 :«)2,40l|283,690 341,801
297.503'l.3ff.913i521.4I9'2fll.283g81.5S3l»18.083

The above statement sliows: I.—That

the total receipts from
1891, are 4,331,337 bales; ie

the plantations since September 1,
1890 were 3,856,943 bales; in 1889 were 8,618,256 bales.
3.
Tliat, although the receipts at the outports the past week
were 893, 161 bales, the actual movement from plantations was
313,033 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 381,533 bales and for 1389 thev were

—

291,283 bales.

Overland Movement for the Week and since Sept. 1.—
statement showing the overland movement
for the week and since September 1. As the returns reach us

We give below a
by telegraph

Friday night it is impossible to enter so
largely into detaU 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. 4
and since Sept. 1 in the last two years are as follows:
late

1891.

December

4.

1890.

Since

Week.

Sept.

Since

Week.

1.

Sept.

1.

Via St. Louis
Via Cairo
Via Hannibal
Via EvansviUe...
Via Louisville
Via Cincinnati
Via other routes, Ac.
Total gross overland
Deduct sh imnenU—
Overland to N. Y., Boston, &o..

Between Interior towns

Inland, &c., from South

35,195 1270.682 41,402
17,421 ; 156,902 15,220
18,062
93,822
4,546
1,616
603
12,229,
8,885
83.609
9,439
6,529
57,4141 13,771
80,799'
10,843
6,130

214,317
122,459
32,472

98,551

755,457

91,111

611,946

18,449
2,943
4,901

95.060
31,204
46,813

16,759
7,213
3,074

74,895
42,025
33,021

4,7 IS

77,766
71,462
88,752

Total to be deducted

26,293

173,077

27,046

149,911

Leaving total net overland*..

72,258

582.380: 64.065

462,005

IncUidina movement iiv rail to Canada,
Louis reports addition of 4,997 bales.
Figures revised—errors In telegrams.

t St.
{

one hondredtha of an inch.
*»« Antonio, Texas.~Drj weather has prevailed all tha
week. The thermometer has ranged fro-a 31 to 83, averaging
58,
During the month of November the rainfaU was eightyeizht hundredths of an inch.
Luling, Texas.— We have had no rain all the week. Average
thermometer 53, highest 80 and lowest 38. During November
the rainfall reached twenty-three liundre<lths of an inch.
Columbia, Texas. It has been showery on one day of the
week, the precipitation re;iching thirty-two hundredths of an
inch. The thermometer has averaged .W, the highest being
77 and the lowest 30. November rainfall one inch and forty-

—

three hundredths.
Cuero, Texas. There has been no rain all the week. The
thermometer has averaged 55, ranging from 30 to 80. Rainfall for the month of November eighteen hundredths of an

—

inch.

Brenliam, Texas.— The weather has been dry all the week.
thermometer has ranged from 31 to 77, averaging 54.
During the month of November the rainfall reached one inch
and eighty-nine hundredths,
Belton, rexa«,— Telegram not received.
Weatherford, Texas.— Vfe have had dry weather all the
week. The thermometer has averaged 53, the highest I)eing
75 and the lowest 38. November rainfall ten hundredths of
Tlie

an

inch.

New Orleans, Louisiana. —Telegram not received.
Shreveport, Louisiana.—
have had a rainfall of sixtynine hundredths of an inch during the week. The thermom-

We

eter has ranged from 13 to 73, averaging 49.
Golumbus. Mississippi. Telegram not received.
Ldand, Mississippi. Rainfall for the week forty-two hundredths of an inch, the thermometer has averaged 48-8, the
highest being 05 and the lowest 31.
November rainfaU six
inches and three hundredths.
Little Rock, Arkansas. It rained quite heavily on one day
of the week, but the weather is now clear and cool. The precipitation reached one inch and nineteen hundre<lths. The
thermometer has ranged from 20 to 68, averaging 43, During
the month of November the rainfall reached five inches and

—

—

—

thirty-two hundredths.

—

Shipped—

*

hundredths,
Dallas, Texas. Picking U flnishod nearly every where and
will be entirely completed throughout the State within ten
days. No rain has fallen all the week. The thermometer has
averaged 52, ranging from 20 to 78. Month's rainfall twenty-

—

7HI

The

XndiriQ—

Wkatbkr Reports bt Tiluraph.—Telognphioraportito
UB to-nlght from the South indicate that the t«mpM«t«f« has
lieeo very low during the week, with snow in »oau lockiMw.
In many Mcctions picking has been oompletod and elwwiMM
Is

Satur.

Oalveeton...
Hew Orleana

OS-

849

The foregoing shows that the week's net overland movement
this year has been 73,258 bales, against 64,065 bales for the same
week in 1890, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 120,373 bales.

1890.

1891.

In Sight and Spinners'
Takings.

Since
1Fe«fc,

Sept.

1.

_

Since

.

Week,

stpt^

1,

Helena, Arkansas. There has been one shower the past
rainfall reaching eighty-four hundredths of an inch.
Cotton picking is about over. Average thermometer 46, highest 63 and lowest 20.
November rainfaU four inches and
twenty-one hundredths.
Memphis, Tennessee. Rain fell on Thursday to the extent
of seventy-one hundredths of an inch. The thermometer has
averaged 43, the highest being 62 and the lowest 20 coldest
of the season. Rainfall for the month of November four
inches and seventy-nine hundredths, on ten days.
Nashville, Tennessee. We have had rain on one day of the
week, the rainfall reaching one inch and twelve hundredths.
The thermometer has averaged 40, ranging from 17 to 67.
November rainfall six inches and seventy-one btudredths.
Mobile, Alabama. We have had rain on four days of the
week, the precipitation reaching one inch and twenty-six
hundredths. The thermometer has ranged from 38 to 74,
averaging 50. During the month of November the rainfall
was seven inches and sixty hundredths.

week, the

—

—

—

—

—

Montgomery, Alabama. Rainfall for the week thirty-eight
hundredths of an inch, on two da.vs. Average thermometer
51, highest 82 and lowest 31.
During November the rainfall
reached two inches and sixty-sLx hundredths.
Selma, Alabama.— It has rained on two days of the week,
the precipitation reaching two inches and twenty hundredths.
The thermometer has averaged 49, the highest being 72 and

Receipts at ports to Dec. 4
293,161 3,-65,847'241,318 3,440,570
Not overland to Dec. 4
72.258 582,380 64,065 462,00,'>
Southern consumption to Deo. 4. 17,000 189,000 IG.OOOi 174,000

the lowest 35.
AtU>UTn, Alabama. The week's rainfall has been seventysix hundredths of an inch. The thermometer has averaged

Total marketed
Interior stocks in excess

ranging from 13 to 68.
Madison, Florida. Telegram not received.
Columbus, Georgia. Rain has fallen on one day of the
week, to the extent of eighty-two hundredths of an inch.

Came

382.419 4,537,227 321.383 ^.076.,^ 75
19,922 465,490 40,205j 416,373

into sight during week. 402,341

Total Insight Dee. 4

4,492,948
'
1

Sorth'n spinners tak'gs to Deo. 4.

1,009,436

1

904,611

It will be seen by the above that there has come into sight
during the week 403,311 bales, against 361,648 bales for the

same week
to-night as

of 1890, and that the increase in amount
compared with last year is 509,769 balef>.

—

—

36I,643|

5,002,717

—

39-7,

in sight

Average thermometer 48, highest 55, lowest 30. Rainfall for
November two inches and sixty-four Iiun<lredth8.
Saixinnah, Georgia. Rain bus fallen nu three day* of ths
week, to the extent of thirty-two huiulrtHltiis of an inch. Tha
thermometer has averaged 50, the highest being 78 and ttw
lowest 37. November rainfall two inches and five nondredths.

—

.

.
.

THE (CHRONICLE.

850

Angusta, Georgia.— Rain has fallen on three days of the
week, the rain fall reaching forty-seven hundredths of an
to
inch. The thermometer has averaged 43, ranging from 23
Rainfall for the
Bii hundredths.

69.

month of November two inches and

flf ty-

have had ram on one day
Charleston. South Carolina.—
of the week, the precipitation reaching twenty -six hundredths
of an inch. The thermometer has ranged from 39 to 66, averaging 50. November rainfall one inch and seventy-seven
hundredths.
,
,
j
c
Stateburg, South Carolina.— It has rained on three days of
the week, the precipitation reaching ninety-eight hundredths
of an inch. Some snow fell on Sunday.
eter 43-6, highest 63-5 and lowest 33.

Average thermom-

Wilson, North Carolina.— There has been rara on one day
of the week, to the extent of one inch and ten hundredths, and
snow fell on Sunday. The thermometer has averaged 41, the
highest being 62 and the lowest 19.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
o'clock

December

3,

and December

1891,

4, 1890.

Dec. 3, '91.

Dee. 4, '90.

Feet.

Feel.

8-3

Above low- water mark.
Above low-water mark
Above low- water mark
Above low- water mark.
Above low-water mark.

New Orleans
Memphis
Nashville

Shreveport
Vlcksburg

12-0
3-2

>5^

150
24-5

Overland Movement to December 1.— In our

editorial

found our statements of overland
movement brought down to the first of December.

columns to-day

will be

—

India Cotton Movement from all Ports. The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Dec. 3.

BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR TEARS.
Shipmenis
Brit'n.

1891

Shipments since

Ikis week.

Tear Great Continent.

Total.

3.000

3,000

Oreat
Britain

Total.

This

Since

Week.

Sept. 1.

45.000 8.000
32,000 25,000
79,000 35,000
58,000 21,000

42,000

3.000

Receipts.

Sept. 1.

Continent.

2,000 2,000
1890
5.000 27,000
1889 4,000 21,000 25,000 20.000 59,000
1888
13,000 13,000 10,000 48,000

91,000
114,00
170,00"
84,00"

According to the foregoing Bombay appears to show
a decrease compared with last year in the week's receipts of
17,000 bales and an increase in the shipments of 1,000 bales, and
the shipments since Sept. 1 show an increase of 13,000 bales.
The movement at Calcutta, Madras, and other India ports foi
«he last reported week and since the 1st of September, for two
years, has been as follows.
"Other ports" cover Ceylon,
Tuticorin, Kurrachee and Coconada.

Continent.

Shipmenis sinee Sept,
Oreat
Britain.

Total.

Madras—
1891

Continent.

X.

Total.

1890
1891
1890

2,000
2,000

4,000

11,000
11,000

6,000
11,000

17,000
22,000

2,000
1,000

2,000
1,000

16,000
21,000

14,000
13,000

30,000
34,000

3,00(i

aU-

1891
1890

2,000
1,000

2,000
1,000

29,000
33,000

22,000
26,000

51,000
59,000

week show that the movement from
Bombay is 1,000 bales more than the same
For the whole of India, therefore, the total
shipments since September 1, 1891, and for the corresponding
totals for the

the ports other than

week

comparison:
1891.

Twist.
a.

Oct 30 738
Nov. 6 719
" 13 7
" 20 7
" 27 7'8
Deo. 4)7

d.

8.

d.

»7'8 5 9

®7%

1890.
Cott'n

8I4 lbs.
Shirtings.

32« Cop.

5

8

Mid.

32» Cop.

TTplds

Twist.

d.

s.

-87
«i7

d.

lia
012

d.

d.

9.

d.

8.

4»8

87ie9811u C 4>a37
87l8®811,f 6 4i9@7
4'lfl 8'i6»8ilig 6 4»9a7
4'.« 87, easily 6 4J9»7
838 a8»a
6 4'««7
4>a

3
i

46l,

3
3
3
3

838 -9858

6

4iaa)7

Upldt

d.

4.*16

-ai^ 5 7i9t7
©758 5 7i3»7
»7^ 5 7»s«7
®758 !5 7 ®6 11

Cott'n

8I4 lbs.
Shirtings.

d.

59l8
r>4
5^18

5'!
53 6

53S

Jute BoTrs, BAoaiNG, &c.— The market for jute bagging
has been steady the past week, but the demand has baea
almost wholly for small parcels. The close to-night is at 5}^c.
for 1% lbs., 6c. for 3 lbs. and 63^0. for standard grades. There
appears to ba a little more inquiry for jute butts. Prices are
unchanged at IJ^c. for paper grades and 2%@3i^c. for bagging
quality.

—

Egyptian Cotton Crop. We have received this week the
Alexandria General Produce Association's report on cotton for
the

month

of October, as follows:

The temperature In October his baen most favorable to the crop.
This clroumstanoo. Joined to an almost total a^ssnce of toga and other
unfavorable weather, has been most bpneflciai to the cotton plants, as
no harmfu' cause has arisen to counteract the good effeots of a cons rant
and regular hear. It is owing to this that the harm msntioned Incur
previous resume has been repaired, and that the bolls, either backward
or damaged by the fogs, have at rived at maturity .and give very sa! lafactory results. This amelioration is almost general everywhere
We
may aid that the yield in ginning in Oeober is superior tothat of September by about 2 percent, which nearly approaches the result found
laht year at the same time. The iirospucta therefore have improved
greatly since our last reiune, and pi rmit us to-day to ooun on a crop
aboutequal to that of 1890.

East India Crop.- The following is from Messrs. Gaddum,
Bythell
Co.'s cotton report, dated Bombay, October 31:
The weather in the Oomra district has been again favorable for the
cotton crop, and during the past week sunshine has prevailed in all our
cotton-growing districts. Tne plants are now very strong, and the pods
are rapidly atttiinini; their full size and should soon ripe ii. The earlysown fields are showing opened pods, and a small picking should soon
oommeuce. Broach and Bhownug^ur districts are doing wall, and he
plants are thriving. Bengal distrUts are satisfactory; the plants are
showing pod.°, which are commencing to open, and picking shoull

&

1

ehortly take place.

Shipping

News.—The

exports of cotton from the United

states the past week, as per latest mail returns, have reached
256,849 bales. So far as the Southern ports are concerned, these

the same exports reported by telegraph and published in
the Chronicle last Friday. With regard to New York w©
i iclude the manifests of all vessels cleared up to Thursday,
Total bales •
Both343
City of Berlin, 410 ....Etruria, 142
Horrox, 378. ...Runic, 1,343 ...St. Hubert, 1,958
7,09T
To Hull, per steamers Ebro, 1,091
Galileo, 833
1,977
France,
To Lomion, per steamers Alexander Elder, 599
nia, 2.523

2,000
1,000

All others—

The above

We

give the prices for to-day below,
poor.
foi previous weeks of this and last year for

is

New York-To Liverpool, per steamers Arizona,

Calcutta1891
1890

Total

foreign markets

ftre

Shipments for the week.
Great
Britain.

—

Manchester Market. Our report received by cable to-night
from Manchester states that the market is easy for both
yarns and shirtings. The demand for both home trade and
and leave those

.

We

[Vol. LIII.

last year.

periods of the

two previous

years, are as follows:
EXPORTS TO EUROPE FROM ALL INDIA.
1891.

1890.

Shipments

Europe
from—

to air

This
Keek.

Bombay
All other porta.

Total.

Si7ice
Sept. 1.

This
week.

1889.

Since
Sept. 1.

This
week.

3,000
2,000

45.000
51,000

2,000
1,000

32.000
59,000

25,000
3,000

5.000

96,000

3,000'

91,000

27,000

corresponding week of the previous two years.
1891.

Receipts (cantars*)
This week....
Since 8ept. 1

300,000
2,389,000
This
Since
week. Sept. 1,

1890.

160.000
1,997,000
This
Since
week. Sept. 1

1889.

190,000
1

,792,000

This
Since
week. Sept. 1.

Ejports (bales)—

Total Earope.

10,000 139.000
5,000 44,000

15,000 183,000;

A cantar ti 98 poonds.

3,000 115.000 19,000 127,000
6,000 53,000 7,000 41,000

9,000 163,000 26,000 168,000

1,956

220
150

....Chicklarte, 5, 993....Ktss-shire, 4,700.... Yoruba, 4,450

Yucatan, 6,000

.

24,743

7,7.50
To Havre, per steaner Aldei ley, 7.750
Inoharran, 6,317 10,694
To Bremen, per steamers Canton, 4,3/7
5,730
To Odessa, per steamer Arabian Piince, 5.730
Lisnacrieve, 7.000.
8,791
To Geno.i, per steamers Italia, 1,791
Galteston-To Liverpool, per steamers Alceatls, 4,152

B.llarina, 3.513 ...Tregiirno, 6,0i'l....Wallachla, 3,950
28,300
....Washington City. ."^,564... Zeta, 5,120

To Havre, per steamer Oswald, 4,29 ^
To Bremen, per steamer Marchioness, 4,753
To Genoa, jiersti amer Tiverton, 1,329
To Vera Cruz, per nteamer Hat Ian, 1,150
M»BII.E— To Liverpool, per steamer Heraolides. 6,791
SAVANNAti— To Llverpocl, per steamers Gladcstry, 6,611

4,295
4,7.^3

1,329
1,150
6,791

23,246

3,751
To Havre, per steamer Cor.miUa, 3.751
Parktteld, 7,527 13,077
To Bremen, per steamers Abeona, 5,5=0
Picqua,
To Barcelona, per steamers Codnthla, 3,607

7,782
5,830

4,175

Brunswick— To Liverpool, per steamer Osmanii, 5,830
OUARLKSTON- To Liverpool, per steamers tngleliy, 4.891
Mary Annlng. 5.645

Trefco, 7,037

Velleda, 6,977

31,848
5,550

Wastwater, 7.2J6

To Havre, per steamer Gairlooh. 5.550
To Bremen, per steameis Harbinger, 4,671

Thordisa,

6.4S3

Alexandria, Egypt,
December 2

1,437
1,076
3,710

Scandia, 1,300

To Antweri', per steamers Cimemaugh, 460
Ethelaida,
200 ...Othello, 949 ...Khynland,3l7
To Genoa, per steamers Fulda, 220
To Naples, per steamer Eutella. 1-50
New ORLEAN8— To Liverpool, per steamers Australian, 3,600

Iran, 11,118. ...Stag, 5,517

152,0 00

Alexandria Receipts and Shipments.—Through arranee
ments we have made with Messrs. Davies, Benachi &
Co o'
Liverpool and Alexandria, we now receive a weekly
cable of
the movements of cotton at Alexandria, Egypt.
The following
are the r^eipts and shipments for the
past week and for the

To Liverpool
To Continent...

718

119

To Havre, per steamers Craigton, 637
La Gasoogne, 750
To Bremen, per steamers Ems, 796 ...Havre, 280
California, 1,650
To Hamburg, per steamers Amaiti, 760

To Reval, per steamer Ocean Prince, 4.100
To Odessa, per steamer Glendevon, 4,710
To Biircelona. per hark Linda, 1,0-3
Wilmington- To Bremen, per steamer Ansterlllz, 4,359
West Point—To Liverpool, per steamer Red Sea. 8.459
BOSTON—To Liverpool, per steamers Bo-tonlan, 2,210
Vene-

118
1,347

Liverpool, per steamer Sedgemore, 1,317

To London, per steamer M^ine. 196
To Rotterdam, per steamer Patapsco, 865
Pbiladrlphia— To Liverpool, per steamers
643 ...Lord Goiigh, 1,133
To Antwerp, per steamer Belgenland, 200
Xotal ..„„

1,083
4.359
8,459

4,703

tian, 2,493

To Yarmouth, per steamer Boston, 118

Baltimore- To

11,154
4,100
4.740

^

196

865
British Prinoeps,

1,776

20*
256,84*

..
.

Decbmbeb
The

THE (JHRONICLK.

6, 1691.]

partioulara of these shipments, arranged in our usual

form, are as followa:

awd,
Bremen
it Ham-

Bull it
Lon-

ZAver-

Belgi-

um

RUmm.

don. Havre, burg.
7,097 2,605 1,437 4.786
7,7.'iO 10.6U4
2»,74a
4,295 4,753
2d,300
6,791
23,246
8,761 13,077
5.8S0
31,846
siVeo li',i54
4,^69
pool.

N«w York.
N. Orleans.

Oalvtwion.

MobUe....
Bttvannah
Brunswick.
.

CliHrlcmon.
WUiiilmtl'n

West i'olnt
Boetou ....

if

1.966
6,780

Vera
Barct- OrutA
Zona <• TarOenoa. moulK,

370
8,791
1,329

Ulal.
18.841

67.708
39.8i7

1,150

6.791

47,H66
5,830
58,473
4,8A9

7,782
8,840

1,088

8.4.^9

8.4.59

Baltluioro.

4.703
1,347
1,-76

PbllHdeli>'a

118

865
200

196

2,99122,783 4^,823 17,69119,365

Total. ...144,18^

4.B2I
2.40H
1,976

1,268 266,819

Below we add the clearaaoea this week of vesaela carrying
)tton from United States ports, bringing our data down to
t^e latest dates:
GXLVE8TON—To Liverpool— Nov. 28 -SteamerH Bondl,

9,400;

Bishops-

U. M. Pollock, 8,832; Pr.ipltlous. 4.202 ...Nov. 3UBteamer Palmas. 6,827. ..Deo. 1— Steamer Felbrldge, 6,334....
Deo. 2— Stfiiiuers Maria, 6,604; SomertOD, 6.421
Deo. 4—
gate, 5.6G1;

Steamer Nlgreila, 5.S02.
To Uavre— Nuv. 30-8teainer A8hf.>nl. 4.4.'i4.
To Vera Oiuz- Do. 2— Stianier Morgan. 700.
Hbw orlkans—To Liverpool -Nov. 2tj -Sreamors Balcarres Brook,
2.19:; MIltOD, 6.400; Tupaze,3.3.^0...Nov.30—Steam -r Inventor,
Dec. 1— Steamers Haytlen, 3,700; Palentlao, 6,000;
4,437
Texan, 5.300.
To Havre— Nov. 28— Steamer Emir, 10.442.
To Duiiklrk-Nov. 28 -Steamer Sicily, 3,150.
To Bii men-Dec. 1- Steamer Norge, 6,900.
To Odessa-Dec. 1 - Steamer Peeress. 6,752.
Da*. 1—
Oavannah— To Llveroool— Nov. 30 -Steamer Norfolk, 4.121
6t< amt r Rotherheld. 7,802... Dec. 3 -Steamer Zanzibar. 8.376.
Dec. 2-8teamer8
To Bremen— Nov. 30— Steamer Hart burn, 8, 126
Hartlngtoii, 4,000; Northern. 6,250.

To ilenoa— Dec. 2 - Steamer Scotsmin, 4.700.
Bednswick— To Liverpool— Nov. 30 - Steamer Lamaos, 5,862.
OHAJ5LE8TON— To LIveipool-Nov. 27-Bark R,*gla, 1,400 ...Nov. 30Dec. 1-Birk Ariadne, 1,700
Steamer Benwlek. 6,763

Dec. 2-Steamcrs Langoe, 5 8J3: William AnnluR, 6,079. Dec. 3Bteamer Erata, 4,819.
Doo. 3— Steamer
To Bremen— Dec. I— Steamer Countess, 6,527
Monrovia, 7,136.
Deo. 2—Steamer
To Biircelona-Nov. 27-Bark Maria, 800
At»u to.
Dec. 3 -Bri(? Virgenes,
.
To Gothi'uburg- Dec. 2— .-teamer Kate Fawcett,
Deo. 3—
Norfolk- To Liverpool -Nov. a0-8tea,mer Peverll, 6,438
Steamer Kalros, 5,389.
To Brcmeu-Nov. 30— Steamer White Jacket. 3.993.
West Point— To Liverpool— Deo. 3— Si«amer Queen Adelaide, 7.882.
To Gheut-Nov. 30-Steamer Coventry, 4,3:3.
Newpokt News— To Liverpool— Dec. 2— Steamer Serapls, 2,078.
BOSTON— To Liverpool -Nov. 20— Steamer Catalonia, 9o7 ...Nov. 23 —
Nov. 24—Steamer Qeorglan, 4,348
Steamer Attoman, 2,015
Nov. 30-Bt«amer Boman,
Nov. 27- Steamer Cephalunla, 565

B51

The tone of the Liverpool market (or apoti and fotaree escb
day of the week ending Dec. 4, and the dally oloelag ^o«s
of epot ootton, have been as follows;
apoL
1:45

r.

Xon4«v rMMday. Wtdna.

Malurday

Market,

(

In barsri'
taror.

Oall.

M.)

Speo Aexp.

IrrsiraUr.

4%

4^.;

8,000

7,000

8,000

500

500

1,0)0

ntturtt.

Market,

i

1:45 r. M.

Market,
4 P.M.

Dan and
Irragalat.

10.000
1,500

S.1SS

QaIMM

Rasjat
»-e* am-

1

elln*.

dsdin*.

{
$

gal«t.

efmij.

The opening,

Irrtcalar.

rtumg.

4%

41„
6,000
8

Mld.Dprds
Balwi

Doll.

Tkitrtdrg.

tdrane*.

OllD*.

l-M<iS-a4
dMlllM.

ttaadr.

nrm.

highest, lowest

and olofing

aSa.

prtoea of future* at

Liverpool for eaoh d'4V are given below. Prices ar< on th e
basis of Uplands, Low Middling clause, unless otherwiae stated .
TKe prteet are given tn pence and
Thtu i 4 63 m4an*
Uh,
4 63-64d., and 6 01 m«an« 6 l-64((.

C^

Bat.,

KoT.

OpmJHio*
d.

Novambar..

<» 4U

NoT.-Dec... 4*1
Dec-Jan....

4*1
4U 4*1
4U
4*6
Jan.-Feb....
Feb.-Mch... 4*7 4*8
Mch.-Aprll. %80
Aprll-M«r.. «)IS

4 81

487

4 ST

Jane-Jal7_. 4 40

4 40

Ma7-Jane

.

Julr-Aii«...

434

'iH.

Maa., NaT. S6.

Um.

mo*.

0pm

i.

4.

4.

«.

4*1
4*1
4*1
4*4
4*7
480
488
487
440

4 21

4*1

4 21

4*1

Low.
d.

.Taaa., Dee. 1.

0|wn

Biit,

d.

d.

d.

4W

4*1 4*1
4«t 4M 4*1

41»

4 21

4 IS

4 21

4 21

4 IS

426
4*8

423 424 423 4 21
424 4*7 424 4 27
4«» 480 4*S 4*0
4 8* 488 48* 4*3
436 437 436 487
488 440 488 4 40
4 41 448 4U 4 43

422
41S
420
48*
436
438

4 81
4 81
4 37

4 40

441 448 4 43 4 48

4 IS

Um. cue
*.

4M 4M
4U 41«

423 1*0
4M 4*3
480 4*7
4 83 4*0
4S« 48*
439 43«
41 4U 43*

4

d.

417
417
42*
4*4
4*7
480
488
4I«
488

Aa«.-Sept..

Wed., Dee.

'i.

Thara., Dec. 3.

Fri..

Dee. 4.

.

1,780.

To Yarmouth -Nov. 27— Steamer Boston, 120

Deo.

1—Steamer

Boston, 48.

Baltimokk— To Liverpool- Nov. 25— Steamer Rossmora, 2,203
Dec.

1— Steamer

Caspian, 921.

To London -Nov. 27 -Steamer Maryland, 4.
To Havre - Dec 2 - Steamer Prodano. 100.
To Bremen -Nov. 25— Steamer Weimar, 4,227. ...Dec. 2-Stoamer
Hermann, 1,123.
To Rotterdam— Nov. 28 -Steamer Urblno, 5.
To Autwerp-Nov. 25 -Steamer Sorrento, 1.400.
To Hamburg— Nov. 20-8team'^r Gothia, 1)74.
PHII.J.UELFH1A— To Liverpool— Deo. 1— Steamer Indiana, 543.
Below we give all news received to dace of disasters to
vessels carrying cotton from United States ports, &c.
State oe Alabama, steamer (Br.), Falrweather. from Savannah,

4.

Dacembar.

4 16

416
418
Feb.-Mch... 422
Mch.-Aprll. 426
April-Mar.. 428
482
Majr-Jana

Deo. -J an....
Jan.-Feb....

<L

haw.

Oloa.

Opm

Blflk

Um.

OIM.

Onm

d.

d.

4.

d.

d.

d.

d.

418 416 418
418 416 4 18

4 14

4 21

4 17
4 21

4 18

4 21

426 4«* 4*i
429 426 429
4 82 4*8 432
486 432 436
June-Juljr... 4 35 488 486 438
July-Aug... 488 441 438 4 41
.

Aug.-Sept .
September..

4 14

414 413 411
4 14 413 414
4 18

4 17

4 17

422 4*0 4 21
426 426 4*4 4 8>
428 428 428 428
4 31 4 81 4 31 481
484 4 81 434 4*4
4 87 487
4 87

Um.

416
412 416
4 1« 41S
4*0 4*2
4*4 4S«
427 480
430 488
488 4«S
4*S 4SS
4 1*

•

d.

d.

41*
4 1*

41«
410
4*4
4*7
480
484
48«

aa*

Olaa.
d.

416
415
418
4**

4M
4*0
4SS
480

4M
• aaa

BREADSTUFF S.
Fkidat, Deoember

4,

1801,

and meal remained dull until yesterOotober 5. for Bremen, has arrived at St. Michaels with high day, when there was a large business in wheat flour at full
pressure cylinder out of order.
and hardening figures. Exporters were larga buyers of low
CSotton freights the past week have been as follows:
and medium grades in sacks, and the local trade replenished
8to:;ks of the medium and better grades with much freedom —
Wednet. Thurt.
Fri.
Jfon.
Tuei.
Satur.
so much eo that transactions approximated 40,000 bbls. and
S|«
»16
Liverpool, steam d.
»13
hi
ht
>I8
sicks. There seemed to be general confidence in the stability
....
....
Do
bla...d.
....
....
>4
>4
of values, arising from the stronger wheat m^rket and the
H
Havre, steam... d.
H
H
H
....
Do
d.
....
....
comparatively small stocks, to say nothing of the difficulty of
>4
>4
"4
•4
Bremen, steam. .d.
H
H
getting supplies forward, owing to the urgent demands upon
....
....
....
Do
d.
....
navigation

The market

for flour

—

Hamburg, steam .(i.

Do

d.

Amst'd'm, eteam.e.
Inilreot

d.

^4

>4

"4

>4

>>•

.*..

....

....

....

.--.

65'

55*

55*

55*

....

....

H

"4

....

55*

55'

....

d. •32a2'e4 •s*32'«4 »SS»«'64 •saai'iM »ss»»'si »»»a»'e4

Beval, steam

Do

...a

....

H

38

....

d.
Barcelona,steam d.

%

<}enoa, steam.. .d.
Trieste, steam... d.

^4

\

*4

H

>4

>4

»Ht

»ut

"Sl-t

•i.t

»l«f

»u»

Antwerp, steam. d.

»,4

»>«4

»«

11,4

'

Per lOOlba.

—

"%

4a

iiua'is »ia4»»ia

„w™
By cable from Liverpool we h ive the following
,

LrvKEPOOL.
statement of the week's

sales, stocks, &c., at that port:

Nov. 13.
bales.
week
Of which exporters took...
Of which speculators took..

-Sales of the

Sales Auierlcan.

..

Actual export

Forwarded
Total stock- Estimated.......
Of which American— EsUm'd
Total Import of the week

Of which American

Amount

H

afloat

Of which Amerloan

42.000,

2,700

900
36.000

Nov. 20.

61,000
3.000
2,100
63,000

63.000
l.^OO
6.100
46,000
5.000
81.000

68.000
2.600'
8.000,

49.000

6.000!

6.000'

lO.OOOl

67.000
777,000
608.0O0

66.000
832.000:

77,000
097.000
803.000

146.000,

127.000!

262.0001

127,000
445,000
436,000

99.000
466.000

228.000
306.000

4.50,000

386,00ol

648,000

Dee.i.

iVoa. 27.

1

,010,000

8i4.000
100,000
91,000
470,000
460,000

has olosel for the
the railroads, now that inland
season. The coarser stuflfs, on the contrary, were only moderately active, and values were weaker.
To-day the market
was quieter, but prices were about steady.

The wheat market had a downward tendency to the dose
The duloees of foreign advioes,
the absence of urgent export orders and the free marketing
of the crop at the West bad a depressing influence, to which
was added the natural inclination at this season to liquidate
of Wednesday's business.

"long" accounts.
Yesterday, however, the whoU position
took a stronger turn. There was a better export demand,
mainly from the Continent, and some reduction in the
current crop movement, especially in the Northwest: and
th''8e influences, with predictions of severe weather which
might further curtail current supplies, caused a demand to
cover contracts, which promoted a smart recoverr in prices.
There was some renewal of export buying on Wednesday,
when the 8al>>s for shipment included No. 1 Northern spring
at |1 Oea|<3$l 07^ afloat, and Na 8 red wintrr at |l 04U
f .o.b., but yesterday the same grades sold at $1 uS^df I 06.4
afl lat.
To-day futures lost part of the advance, but the
export business was active, shippers takinii 192.000 bushels
at about steady price j, including oboics sprlnc ^t $1 03){ in
store.

—

.

.

THE CHRONICLE.

852
DAILY CLOSING FBICES OF KO. 2
Mon.
Sat.
104 '8
o. lOjfs
Deoeinl)er dellTery
106=8
c. IO718
January delivery
108 "g
0. JOo^g
February delivery
Marcli delivery
April delivery

c.
0.
o.

Mavdellvpry
Juaedelivery

0.

110^
Ui)%
UOJg

109J8

KE^ WINTOB WHEAT
Tues.

Wed.

Thura.

Frl.

1041a

103 -a
105
106 "4

104''8

104
IO514
loo's
IO8I4
10^1*

106

106

109^

108%

]07''8

IO7I9
lOS's

110

10)

108

109

109%

10^3l

107%

loss's

]0>5i4

107%

10614

107%

107

lOJi^

1071s

>4

The corner
Indian corn has continued very unsettled
with iNo.<s
on Novemlwr contracts went out tm Monday
weaker^
mixed at 89@ 90c., but with later options
^fand
„h
Canal
^ayrhowever, owing to the sudden ice in the Erie began to
it
rad,
by
supplies
forward
getting
the difficulty of
as Nojember had
look as if December may "corner itself,"
smartly, lifting
advanced
month
this
for
contracts
done, and
has contiued
spot
the
on
Corn
futures.
for
market
the whole
sold at 71®
mixed
^o.
2
Yesterday
range
wide
at
a
to sell
do. at 6o@88c., No. d at
steamer
afloat,
and
elevator
in
74o.
To-day the whole market was
60c. and rejected at 53c.
weaker, No. 3 mixed selling at 66® 67c. afloat.
DAILY CLOSINO PRICES OF NO. 2 MIXED CORN.Thurs. Frl.
Ved.
Tues.
Mon.
Sat.
6II3
60%
5)ie
59
59''8
59ia
o.
delivery
December
55
54I9
5538
54
54%
o.
b^^a
Jannary delivery
5418
53%
53i«
5316
53
14
54
o.
delivery
Febroary
53
53
531s
....
o.
March delivery
52-'i8
523(
52
ojog
5218
521s
_
o.
delivery
May
^
^
Oatshave been dull, with prices feverishly variable, closing
very firm, with the regular trade active.
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
Fri.
TImrs.
V/ed.
Tues.
Mon.
Sat.
40%
39i«
40W.
3914
40
40^3
c.
December delivery
39%
39
39%
39%
39
39g
c.
Jarnarv delivery
da's
39ia
39ifl
39
394)
39
0.
May delivery
"1!

Rye has declined, and
wheat also lower, closing

closes dull

Buck-

and unsettled.

Barley more active* and partially dearer, malting stock being most in request.
dull.

FLOtlR.

$3 10»$3 HO Patent, winter
3 409 3 85 City shipping extras.
3 65® 4 00 Rye flour, superttne..
Fine
4 103 4 50
4 50® 4 75 Corn meal
Western,
&o
4703 515
„
.
Brandy wine.
5 00 a 5 50
Buckwbeat flour per 100 H)3., $2 00 a $2 10.
GRAIN
Com, per bush.—
0.
0.
Wheat—
Wesfn mixed
Spring, per bush... 94 »1 10
Steamer No 2
04is®l
05ifl
Red winter No. 2.. 1
West'u yellow
94 ®1 OTij
Red -winter
Western white
94 3107
White
Ibbl.

Fine.

Buperflne
Extra, No. 2 ... :....
Extra, No. 1
Clears
Straigbts
Patent, spring

Oat'i— Mixed.. ¥ bu.

White
No. 2 mixed
No. 2 white

Buokwbeat

$4 90®$5 25
5 25 » 5 30
5 10 8 5 50
3 753 4 5J

303350

3

3

.

40ifla

42ii

41

44
42

-a

40%®
41

61

®
a

42I4

64

Rye

....

53
63
58
56

9

3
3
3

3 60

67
64
67
65

State and Jersey. .1 01

Barley— No.2West'n. 73
65
Slate, 2r'd
70
State, 6r'd

58
West, feed'f?
I7~ For other table* nanally Klven here aee pase S2S.

31 05

3106
3 74
3 67
3 75
3 60

THE DRY GOODS TRADE.
NBW York. Friday P. M., December 4, 1891.
Business during the past week has been of a confined character. There have been numerous would-be buyers in the
market for domestics in quantity for spring, but in nearly
every instance finding holders firmer than they had anticipated they have deferred their purchases for distant delivery
in the hope that they may be able to do bjtter later on. The
demand has therefore been restricted to supplying current
needs in brown, bleached and colored cottons of nearly every
variety. The movement has however been swelled by ship
ments on account of previous purchases. So far as can be gathered from a general round of the agents, stocks are in very fair
shape in leading makes, late curtailment of production having fully offset the moderate business done. Renewed weakness in cotton has a moral effect on purchasers of quantities,
but it is evident that so far as sellers are concerned they are
for the time, at all events, in a position independent of the
course of raw material. The print cloth market is proof of
this, as in face of the decline in cotton during the past
few days cloths have advanced l-16c. per yard, and still
have a hardening tendency. In printed and woven cotton
fabrics business has continued moderate for spring and stagnant in dark styles at first hands, with thejjobbing trade
quiet and engaged in closing out at irregular prices preparatory to stock-taking. Financial conditions continue easy and
collections are satisfactory in all sections, with possibly the
exception of some few Southern districts.
Domestic Woolens.—The spell of cold weather, although
of no long duration, had a visible effect on the demand for
small parcels of heavy-weight woolens and worsteds for immediate use. and in these a fair amount of business has been
recorded. New heavy-weight suitings are but sparingly
shown outside of eome low-grade woolens around the $l-peryard mark, but in overcoatings there is a wide range, including satinets, kerseys, beavers and rough- faced varieties, open
for inspection. Buyers have not, however, shown much disposition to operate so far. In spring weights some modt-ratesized duplicate orders have been received, but the bulk of the
movement has been made up of forwardings on account of
previous business. Prices are without quotable change. Flannels and blankets are in fair re-order request. lo woolen and
worsted dress goods business has been devoid of special feature, trade progressing without activity.

DOMMTio Cotton Ooodb.—The exports of
this port for the week ending December

<rom

packages, valued at |137,33J, their destination beine to the
Doints specified in the table below:

cotton goods
1

were

2,737

1890,

1891.

Wbw Tosk to

Dec.

1.

Weele. Since

tndla

4rabla
A.frloa

West Indies
Mexloo
Central America.
Soath America...
Other countries..

2,737

1

1

7,255
2,930
40,309
3,871
9.650
6,700

63

204
155
400

9 .581
13 ,084
4,,790
13 ,093

OUna, via Tanooaver..
Total

Week. Since Jan.

1.

112 ,360

2,737

Total

Jan.

4 3^5
1 ,469

105
10
133
450
69 !>
50
315
6S
121
712
82

Sreat Britain
Other European.
China

151
4
185

16,.553

3 697
8 ;(i29
33 .603
2 ,591

77
292
701
78

2,503
6,034
30,561
3,027

206,682
23,301

2,310

129,393
61,175

229,983

2,310

190,568

From New Enxland mill points direct.

*

The value

of the

New York

exports since January

1

have'

been 110,814,963 in 1891 against |7,3S9,345 in 1890.

Tho demand for staple cottoos, as alrealy noted, has resulted in little beyond the supplying of im-nediate want^.
Prices of brown" and bleached cottons continue steady, and
in low grades most affected by the print cloth market the
tendency is against buyers, this being most noticeable in
In colored cottons
various makes of flat fold cambrics.
denimi, ducks, tickings, &c., are gpnerally well sold up, and
although the current demand is quiet, prices are easily mainThe export business continues indifferent, the Easttained.
ern markets taking but light supplies, while the demand
from South America calls for bare requirements only. Cotton flannels and napped cottons generally have moved
quietly, and white goods are without improvement. Business
in printed and woven patterned goods is confined almost en-

,.

The
tirely to spring styles, and not more than moderate.
sales of print cloths have reached a large total this week, the
bulk being on the basis of 3 15-16o. per yarl for 64x64s, an
advance of l-16c. per yard, and the market closes very firm.
IH89
1890.
1891.
,Vo». 30.
Nov. 22.
Nov.2B.
Stock of Print Olotht—
Held by Providence manufacturers. 216.000
346,000
Fail River manufacturers
None.
Outside speculators (est)
532,000

Total stock (pieces)

Foreign Dry

-

Western, per bush. 1 02

\you uii.

its

Goods.

—Business in

-.292,000

255,000

573,000
6,000

8,000
None.

876,000

263,000

importpd goods retains

holiday character, and in specialties suitable for the season

a good trade has been done in fancy articles and in high
novelties in dress goods, in worsteds and in silk fabrics. Outside of these the demand is decidedly slack, and buyers show
no disposition to be tempted into other than necessary
purchases, even by price concessions.
Importatlona of Drr Goo4«.
The importations of dry goods at this port for the we- k
ending Dec. 3, 1891, and since Jan. 1, and the same facts
for the corresponding periods of last year are as follows:

3

§»sSog
2

a.
8"
g.
.

Si

.

~

•

:
:

•
.

1
•
.

,
>

.

S

3

op

s:

H
(»
s

e:

•

I

tOtOMMW
icatr — to

00
00

00 eo 1^ c;

-JO

wo

(OCfiOi-Jttk

ODCDNDOOD

^ClClXOi

»aco

^-tOODtOM
03tO)(^oc;i

O'MtOOD"-'

_ct^<ipW9
OCO CD COO

CO 03 »f^

OOUiCOOXl

.S4,129

132,716

87,724 90,113

36,085

oco

uoaa

§:"§

i

01 CO

OS

!

c

I-"

to?*

Oik- CO CD 03

05

i^ro

<1

000
XQD

oou

ib.K)«-*H03

MO

VcoVr-CS
o a <i to CO
000 00 03 If^

111,647

19,759 16.905 20,378 39,995

CCOD
K-*

#»"

M

tl^

Wl^
OO-

X

10

MMtO^-fO

p^^p^-iai

—

tfkWWK-OO

»t»

000

xo

CKiOOOCCCO

iP'COOrf-*-

03 Oi

tOCTi<IOl03

OO-VtZi
CO-q^tPCO

<£!tO

03 '-'03 to
Ol *k rf*- )-• 3i

CO 03

(F-^j^JQOO

00 -^ Ci

ODI-'

*oo
WJO

to

'^^^p
to

rf^O

K>

"ioos

co«
CD^
Clrf-

C'

It*.

lOM

HMM

CI 03

^-

pp

I-Xlf-IB-O
<i

oosxa 10

coc;i

CO

09 CO

ODOtO-JO

<ICO

01051^ to

a>

MtOH-M
,-103

— COW

O-X)

COCK
CO -J

OCO -300

CO«i

a>
CO

w
CO

OOD
Myi
OCO

CCh'l^rfk.K)

-*.i-cei^

W

-^
QD 0» CO
CP 03 05 OS to

OiOi
-JCJ

01 CO
OP to

M -^

0(D

oobi

^^ 6d

Ci yi
o< 00

oWoo

M-'l-'l-

OW»— H*-^
CO

I

SI

COCdtOOSM

00 &.

oVoDOoVj
C0OC0 3S00

CiCnif*OtO__
03

to'ltnCCfcO

o CO O

I

»pwoo^-

03 03 03 03 01
00 03tO<Olf^

cooolo<i
MXQOH*HCOOS-JfO

M03O"Clip
to>-"o
I

"too
O>Gl0

•to

COCDClCnCJt

ptOH-COOD

-to-

MWOStt^-po

cno

C003i->OClO

p*^<iN-tOTe

03<ltOCiO

CO to

00 10

en w'i'Cc'yi

to tw Ui 0.1 to
CO to 01 03 05

MO

W

CJ*

i

Za3

OS

li*^O0-lCS

h-.

OCO

O CD to CD CO

CC03 03Ol^'Sl

Oyrf='-^'^

H M
0!M
-J
CD

coc;"OED-J

oco
ODO

oco
QD^^

«.
01
v>
CO

CO Wtfi'C;!©

QDODO>0[J<I

I- 00 to
-

wX

0«D

MMtOMM
W CD y OD o'
O
O»0J^U«O« C
M COjJpp
I

qd'^'
'

OSl-O

<i03:o*>'-'

Deckmbbr

State

THE CHRONICLE.

6, 1891.]

DEfAHTMCTiT.

AtJu City

TERMS OF SUBSCRIPTION.

the action of it* new liDkiog fnnd beoonM w«II known
and the money market roAomei its normal condilioo, it
will, wo apprehend, got money materially lower
In.
deed,

Commercial and
tains

40

State
tains

to

04

Fluuiiclal

CHRONICLE

pag03 publiHlied every week.

and City Supplement

184

con-

debt-

con-

ia

there not gooil reason

making power

why

of every city in

it

ahouUl

?

The

the State of Mia*

very carefully guarded by the State

Coniiituquoted the provisions of that instnimont
bearing upon this point in our State and Citt Sup-

souri

CHROKICLE

of
pages published several times each year.

858

tion.

is

Wo

InTCNtors' !<upplement of CIIROIMICLE (a Cyclo- plement. Those sections make clear (1) that a munipMdia of Railroad Securities) contains 100 pages published
cipality in Missouri cannot loan its credit ; {%) that it
erery other month.
cannot subscribe to the capital stock of corporations ;
Subscription to CIIRONICLE for one year •lO.OO
(3) that it cannot get into debt without two-thirds of
which includes every issue of both Supplements.
the Toters voting at an election favor it, and then only
to an aggregate of 5 per cent of valuation {except that
with such assent any county may be allowed to become
ST. LOUIS'S PROSPEROUS

DEBT

CONDITION.
The

cable

announced

week that

last

St.

Louis had

placed some of its bonds in London very advantageously
This succonsidering the state of the money market.
cess

was gratifying not only to the city but to its
We say it was well
it was well deserved.

friends, for

deserved because

it

follows as a direct result of the ex-

and

cellent

management

and

success was no doubt in part due to the

of St.

Louis's debt

indebted in a larger amount for the erection of a courthouse or jail), and finally (4) that before or at the time
of getting the assent of the voters an annual tax must
be provided sufficient to pay interest and form a sinking fund to pay the debt within 20 years.

Such provisions as these are certainly very conservative, and the bonds of a municipality, whose debt new
and old is all brought within the limit and sinking

finances,

fund requirement thus in force for new issues of bonds,
can but prove a desirable security. And that is very
Last year Comptroller
sinking fund arrangements.
nearly the shape in which the new sinking fund arJohn D. Stevenson called attention to the desirability rangements adopted in June by St. Louis put its whole
of a change of method in that particular. He explained
Voluntarily that municipality has given assent
debt.
his proposal very fully in a pamphlet issued the latter
to an amendment of its charter which increases its
part of December. An amendment to the charter was
annual tax sufficient to afford a sum not less than
prepared and passed in accordance with this proposal,
11,200,000 to be used exclusively for the payment of
and on the 9th of June the question of its adoption was the interest on the existing debt and for the reduction
submitted to popular vote and carried. We will ex- of the principal. We said that an increase of taxation
plain the nature of the new sinking fund provisions
has been voted in a sense there will be no increase of
presently, but must first give the particulars with retaxation— that is, there will be no increase of rate.
spect to the bonds just issued.
Comptroller Stevenson says that in the past the reducWe are indebted to Mr. Frederick Gabel, First As- tions in the annual interest charges were made to result
sistant Comptroller of St. Louis, for the facts relating in reductions of the tax rate
in pursuing that policy
By reference to the the tax rate for public debt purposes was reduced from
to the recent London transaction.
its

new

;

;

State and City Supplement it will be seen that 75 cents to 50 cents on the $100 of valuation. The
1966,000 of bonds which matured in 1890-91 and 1475,- adoption of the amendment so far changes the method
000 which matured June 1 1891 were paid temporarily that hereafter the amounts saved by lower interest
by the city advancing the money out of the city treas- charges are still to be raised, but to be used for paying
This was done that the authorities might await
ury.
principal of the debt.
off

better conditions before putting out their renewal bonds,
the expectation being, as we stated in our Supplement
of October 31st, that the
floated in

November

new

issue

or December.

would probably be 000
It appears to

have

the

This plan, coupled with the circumstance that (including the amounts just renewed) there were 12,298,-

and $1,049,000 of 5 per cents
and that more than two-thirds

of 6 per cents

Louis's old debt,

in St.

of the

been done in November, the Messrs. Coates, Son & Co. 63 fall due in the next six years, becomes quite autoof London having invited tenders for £500,000 sterling matic in its action.
In other words, a way having been
twenty-year four per cent gold* bonds, the issue being provided for paying the debt, the credit of the city immade on the basis of a minimum of par. The tenders proves correspondingly, and this permits renewals at a
were opened on November 19th and it was found that lower rate of interest, so that the amount left for debt
applications aggregating £386,700 had been made at extinguishment out of say $1,200,000 appropriated for

from par to 2 per cent premium ; after interest and redemption is a constantly increasing item.
balance of the bonds was applied for at The Comptroller has made his estimates on a 4 per cent
opening
the
the
par.
The bonds and the interest are made payable at interest rate for renewals, and on that basis just 38
the office of the National Bank of Scotland, 37 Nicho- years are found to bo sufficient for paying off the entire
Of course if subsequent renewals
las Lane, London.
debt of $21,873,100.
placed at
It thus appears that the whole issue was
are placed at a lower rate than 4 per cent, as they are
from 2 per cent premium to par. That is certainly a likely to be, this period would be correspondingly
prices ranging

there
very satisfactory transaction for these times ; and
shortened.
could
which
of
cities
leading
lare but few States the
We have given so ranch space to this incident in the
have
many
illuscourse
Of
record.
a
1 make just now so good
financial history of St. Louis because we wisheil to
St.
secured.
is that
easily
belief
more
Our
was
principle.
capital
enforce
a
[donebetter when
trate and to
a
previous occasion obtained an offer on
hereafter the attention of investors will be more and
f Louis on a
and when more turned toward city bonds. There is no better sebasis yielding t he bidder only 3-83 per cent,
(told
curity when their issue is properly limited in amooni
are payable principal and Interest In
L

•AU

the olty'8 bonds

purchase of Block 7 and
except the $45,000 super cents issued for
of Block 121.
the f 245,000 sU per cents Issued for purchase

and when taxation

for a sinking

f

jnd accompaniea ewh

—

,

THE CHRONICLE

854

Such taxation becomes a safeguard acting
It not only provides the means
payment against the maturity of the debt, but what

[Vol. LIIl.

What

warrant there is for such special legislation we
We should even question the validity
of the statutes referred to above upon the broad, genfor
fact eral principle that taking of private property without
is better yet, it is to the people a reminder of the
that their debt burden is increasing and hence it checks the owner's consent for any but a public object is not
On the othe^ lawful. But there is no need of dwelling upon that
the disposition to put out obligations.

new

issue.

in a two-fold capacity.

hand every arrangement tending towards increased

se-

curity enhances the credit of the borrower, permits of
lower rates of interest and facilitates the sales of bonds.

the time needing money, and as this
As
need is a growing one, and within proper limits perfectly laudable, is it not in the interest of every State
cities are all

to regulate with greater strictness than

borrowing power of

its

municipalities

some now do the

?

fail to discover.

point, for the

Constitution appears to be a sufficient
Note that what is forbidden by that

bar to such

acts.

instrument
by special

is

not simply the "creation of corporations"
but the conferring of " corporate

"powers."

acts,

This

broader, as well as

a form of expression which
more specific, for though it

is

is

much

inhibits

the creation of corporations, because a corporation without powers could not act, it also forbids the granting

any single power.
We are aware that the Supreme
Court of Kansas has held that the Legislature may
pass a special act where a general law cannot be made
applicable.
But these are not such cases. Besides, the
same court has over and over again held special
acts void.
We need cite only one case (Gilmore vs. Norton 10, Kansas Supreme Court Reports, 491), where the Court laid down the principle,
broadly and plainly, " that an act authorizing a city to
" macadamize, curb and gutter a street, and to assess
of

KANSAS, AND SPECIAL LEGISLATION.
We gave in our State and City Supplement, page
of Kansas
tlie Constitution
which
of
the
State,
debt-making
power
limiting the
were found to be very stringent. The same investigation disclosed that the issue of bonds by cities, towns
and counties was in no degree limited as to amount in

130,

the provisions of

that instrument. The provision applying specifically to
municipalities, only provided on this point that the

power of " borrowing money, contracting debts &c."
should be so restricted by general laws " as to prevent
*' the abuse of that power."
Inasmuch as this require,
meat transferred to the L?gislature the duty of preparing and enacting the needed statutes, and inasmuch as
the legislation perfected in performing that duty was
quite voluminous, we stated in the Supplement that
oar space would require us to defer giving a digest of
the laws until we could do so in this department.
Our

" the cost of the same upon the lots abutting on such
" improvement, is an act conferring corporate powers
" and an act conferring such powers limited in its
" operation to a single city is manifestly a special act
" conferring corporate powers, and is void, being for" bidden by section 1, article 12, of the Constitution."
Here we have the whole matter clearly stated, and, to
;

all

appearance, definitely determined.

was important to set out the situation in this parbefore proceeding with our examination, bepurpose now is to fulfill the promise made then.
We cause security holders will find but little use in a digest
shall give only the preliminary portion this week, re- of the general laws if special acts are valid.
In that
serving the remainder for next week.
Two articles on case any legislature can make the limitation and safethe subject seem to be necessary, as we have found the guards of general statutes inapplicable to as many inwork of compiling and arranging the legal facts more dividual cities as it chooses, by granting each of those
difficult and the compilation more extended than we cities a different and wider latitude in its power of
had anticipated.
debt-making. Consequently a digest of general laws
A chief reason, however, why we divide the results of would have to include special laws as well, if the auour investigation is a feature of Kansas laws which thority to pass the latter exists.
seems to call for separate treatment. We refer to the
It

ticular

we notice many special acts passed by the
Massachusetts— Haverhill.— (State and City Sxipplement,
Legislature authorizing bond issues by a single city or
town. From our reading of the Constitution we can page 26). The following details of Haverhill's new loans and
the assessed valuation figures for this year, are an important
discover no authority for such laws.
Section 1 of artiaddition to the financial statement for this city, published in
cle 12 provides that "the Legislature shall pass no
our recent Supplement.
" special act conferring corporate powers." Section 5
Interest.
-PrincipalLOANS—
Mate. Payable.
When Due.
OiUstandU
NAME AND PURPOSE.
of the same article 12 provides (this article is

fact that

—

—

.

cited in

full in

the State

and City Supplement,

" that provision shall be made by
" organization of cities, towns and

page 130)

general law for the

City bonds
City bonds

4

4

A & O
A & O

Oct. 1, 1901
Oct. 1, 1921

$70,00
50,000

Assessed valuation of real estate in 1891 was $14,873,918;
personal property, $4,906,409; total, $19,780,321; increase over

villages, and their
valuation of last year $1,919,549. Property, it is stated, is
borrowing money, con assessed at about three-quarters of its actual value. The
totai
" tracting debts and loaning their credit, shall be so re I tax this year of
$15 80 per $1,000 was made up of the State
" stricted as to prevent the abuse of such power." Tak- tax, $0 20; county tax, $0 48, and city tax (including schools),
ing these two sections together, the intent of the fram- $15 12.

"power

of taxation, assessment,

ers of the Constitution

appears to be quite clear, that

no " corporate power " (and certainly borrowing money
and issuing bonds is the extreme of corporate

—

St. Louis.— (State and City Supplement, page
The debt and financial statement for the city and county
of St. Louis as it appeared in our recent Supplement was

Missouri

121.)

power) corrected
to the date of OHr publication in the City Comptrolshould be conferred except by general statute
contain- ler's office, and we take reasonable pride in the accuracy of iti
ing restrictions. And yet, for instance, in
the " Lawg detail and the freshness of our figures. The city's populatio
of Kansas 1891 " there are several single
counties, sev- however for the year 1890 is absurdly inaccurate, being give
eral single townships and single
cities each of which at 51,770 instead of 451,770. This error crept in after the cog
left the editor's hands, and is a kind of defect that we cann
through a special act is granted the

power to issue
always provide against; but we are on that account the mo
bonds to "build a flour mill," or "to
aid manufacthankful to have our attention called to it.
'' tones located
and established therein," or to do other
New Mexico.— The Territory of New Mexico has recently
like work.
sold $25,000 of 5 per cent thirty-year bonds at a premiumJ

—

Dbobhbkb

—

:

THE CHROISICLE

0, 1891.1

thereby realizing $96,875. Theso bonds were issued for the
completion of the Insane Asylum at Las Vegts.

An

Stale.

856

amanieiit

bank Note Cnrnpany
LMiKrave the bonds

wm

mt«nd

tato tHtb the

to furtisb the

i

newmary platM aod

and stock oertinoatM as

ne^'led.

I

to

hsf«

Ohio— OreeuviUe.—<State and City SofPLBMBKT, page ordered and paid for only thre* hundred onc-tbounand-dollar
101.)— Our attention has been called to an error In the total tax bonds, three liundred flve-hundred-dollnr bond* and two han*
drrd and fifty stock certifloates, reserving orders for a fartUv
rate of the city of Greenville for the year 1890. On referring
to the report

tax
per
per
per

naade to us by the city

was made up of Stat* tax
cent and city tax proper 3 ner
rate

official

we

find that

this

4-10 per cent, county tax

may

oupply as

be required from tims to time as refuodiac

pronresbei.

^

Until July 1893 the ofBoe is restricted to th* syKtnm of •>•
clianging the new 4 per centn for the Brown o<ia>nls.
But little progress ha* b*sn made in ezchani{iri^. Only
cent (instead of $3 00, as the types made us say), or 189
$39,890 70 of new 4 p«r cents liavn besn ex<;li t'liod for aa
81.000.
equal amount of Brown oonsols. l7nH«r the rigid reqaifspage ments of the Act I am afraid not many exchanges will bs
Oregon— Portland.—<Statb and Crrr
eSt'oted.
Propositions wers made which, if authority had
161.)— Portland's assessment roll for this year has Just been
been given me to accept, might have resulted in sxuhanglnc
the
total
valuation
real
of
and personal one million of these bonds by thU lime.
completed and shows
property to be about 850,000,000, an increase of more than
I am not peekinK responsibility, but I respectfully submit
that perha^H a wider discretion should b« K>ven to the Gov$16,000,000 on the valuation of 1890.
ernor and Treasurer than is allowed in the Act as it stands.
Pennsylvania Harrlsbnrg. (Statb and City Sttptle- In the possible event of the holders of the Brown consols deare in receipt of the report of the Har- clining to make a voluntary 'xclianKe for then(>w4 per cents,
MENT, page 73.)
risburg City Treasurer for the fiscal year ending April 6 1891, such provision should he made as will insure the snlo of tb« 4
per cents in order that th« pro<;eed-' thereof m»v be appllsd
and we note the following debt changes. During the year to the redemption of the consols at maturity, in July
1^.
mentioned $21,500 of 8 per cent water bonds were redeemed
An appropriation of funds should also be mide for the payand canceled (65,000 of 4 per cent city bonds due July 1 ment of the difference of 2 per cent in interest requirsd in
1920 were issued, and bonds to the amount of $376,700, which the Act.
oent,

making the

total

89

Svrmutn,

—

—We

;

had before been classed as regular "city bonds," were transferred to the water department. The debt as it stood on the
6th of April 1891 and 1890 is given below.
CTtvdebt

Waterdebt
Total bonded debt
einktagfunds

Net debt on April 6th

The

transfer of city bonds to the

1891.

1890.

?2«1,600
800.100

$B72.10O
447,700

$1,061,700
28,863

$1,019,800
40.398

$1,032,837

8979,404

To the foregoing we add the figures showing the State's
revenue and disbursements for the year closing with Novemtaking the same figures from the previous year's raport

ber

1,

for

compari

i.

Ttttr Xnituig Sot. 1.
1800-91.
1889-90

Balanee

.>

i

rtasury beglDniDic of j ear

8*
1,129.918 63

$1,451,69691
1.087,08189

$1,190,06145

$64.615 03
not reported.

$36,141 11

Total rvoetpts
Total
Total expenditures

Water Department was
Balanoe
OutataudioK warrant*

>

$77,948 93
1,078,792 98

$i30, 1 42

1,158,920 84

rendered necessary by an act af the Assembly, approved May
41,802 83
33 1889, and requiring that in all Pennsylvania citit's of the
Balance in Stat* Traasary
$64,615 02
$77,943 98
third class the revenues derived from the water department
South Carolina— Charleston.—(Statu and City Suppubbe applied exclusively to the purposes of that department, and
HENT, page 168.) At a special meeting of the City Council of
the surplus if any to the reduction of the water debt. PreCharleston held on November 17 1891, the City Treasurer,
vious to the above-mentioned transfer the bonds in question
William S. Campbell, reported that during the year 1891 to
had not been included in the water debt, although they had
November 16th, inclusive, $30,600 of 6 and 7 per oent bonds
been issued for the construction and completion of the city
had been paid at the city treasury and from July 1 to Nowater works.
vember 10. inclusive, $14,500 of 4 per cent registered or
South Carolina Treasurer's Report.— Mr. Bates, Treas- scratched bonds had been canot^led and new lx)nds issued for
urer of South Carolina, issued his report last week of the debt the same. The ^hedules presented to the Mayor and alderand finances of the State for the year ending Nov. 1 1891. men showed that the bonds paid were five due October 1
His new figures, giving the condition of the funded debt on 1890, amounting to $1,800 ; forty-seven due October 1 1891,
Nov. 1st, we subjoin, adding some details as to the rate of in- amounting to $18,300, and one old 6 per cent bond of the issue
terest the bonds draw &o. taken from our supplement of of October ia")3 for $1,000
The
total amount paid, $20,600.
October 31 which were made up from the previous Treasurer's registered ^londs canceled were eighteen of the January series,
report.
amounting
$8,400 and fourteen of the July series, amount^Interest.—.
PHneipal.
LOANS—
ing to $0,10i.', the 4 per oent bonds issued in exchange for the
WKtn
jyue.
PCt.Pai/'bU.
Outttand'g.
NAME AND PURPOSE—
same tieing ai .'lorized by an act of the Qenaral A^iembly
Browu conFols 1874
6 J 4 J July 1, 1893*5,308,076 70
Brnwi) lionds to refund brown
approved Dec* ii !»er 31 1888.
consols
4 J & J July 1. 19S6
29,396 70
At the same a ?3ting the Commissioners of the Sinking Fiui4
4iaJ <& J July 1, 1928
Blue bonds 1888
400,000 00
irredeemable
A>fTi<'ul. Col. scrip
one piece. 6
191,800 00 reported that they had purchased three of the city's 7 per
Benetlciary .stock outstanding
717 72
cent bonds, amounting to $1,500, and a resolution was
Bo-NDS FlINDAIiLK INTO BROWN COHBOl*—
Green consol.s (valid portion
adopted
to appoint a committee who should be instructed to
tun(lal)Ie at par)
July 1,1898
6
;

:

;

i

'

,

.

—

Old

liouils witii Interest to

Jan.

801,614 88

1880— aniimnt when funded
atoOperoeut

1870

to

$6,406,606 00

Total

Besides the foregoing the Treasurer's report states that
during the year just ended the Sinking Fund Commission has
purchased and retired Brown consols amounting to $26,911 72;
consequently the bonded debt outstanding has decreased in
also find in the re.
that amount since November 1, 1890.

We

port that cash liabilities

On November 1 1891 were
Add to this bonded debt as above

$438,283 88
6,406,606 00
$6,884,888 88
64,618 02

Total

Deduct cash

assets

Nov.

1

1891

Total net indebtedness Nov.

1

1891

$6,770,223 81

With regard to the refunding of consols under
1889 and 1890, Treasurer Bates remarks as follows.

the acts of

complied with instructions given me in the Act, and had
proper notices inserted in newspapers. I also had circulars
and copies of the Act printed and notice given that they could
be had upon application by parties desirini,' information, and
have sent out a large number of copies. Copies of the circuI also had
irs and notices are furnished with this report.
prepared with much care the necessary books In which to reTd all transactions under the Refunding Act and duplicates
f these lK>oks for the offices of the Governor and Secretary of
I

1

destroy these,

ni.

I

also the 6s

and

73 paid,

and the 4a

re-

deemed.

1897

Texas.- Dalle .—(Statb and City Scpplement, page 180.)
during the week a statement of the debt
and assessed valuation of the city of Dallas on Nov. 35. 1891.
The new loans issued by that city since the bond table for oar
recent Supplement was made up are as follows

We have received

LOANS—

Inlcrftl.

NAME OR PURPOSE,

Rate.

Principal.

.

Payable,

ir/ien

Dne.

.

OutitampHp.

Water supply oonds
$100,000
5
J * D June 1031
Bower improvenieut bonds... 5
150,000
J A D June 1981
Funding bonds
40,000
5
J * J July 1931
The total amount authorized of the fundi ig bonds mentioned
in tlie above statement was $200,000, but the city still has
$160,000 of these on iiand and unsold. Th(> bonded debt on
Nov. 25 1891, including the entire issue of funding bonds,
was $1,949,600. Tlie assessed valuation of the city'ii real and
personal property for 1891 is reported as $.1i,000,000.

By

bonded debt of
and the ub >ve total shows the
be $560,400 less than this amount.

special act of the State Legislature liie

Dallas

is

limited to $2,600,000,

present debt to

Wisconsin— Stale Treasurer's Report.— We have received
J. Cunningham and State Treasurer John Hubner the Treasurer's Report of Wisoonein for
from Secretary of State T.

Aoourding to the flgnrea
the year ending September 80 1891.
there given it appctirs that the total Oener.il 1- and receipts for

:

7

:

THE CHRONICLE.

856

the last year were 11,974.118 44 and the disbursementa were
No figures for the previous year are published
in the current year's statement, but Treasurer Harshaw's
report for years ending September 30 1890 and 1889 purports
to furnish similar totals for those years, and we add them for
11,567,377 11.

A

1 1893.

[Vol, Lni.

sinking fund will be established to pay off the
new bonds at maturity.

principal of the

Kings County, New York.— (State and City Supplement,
page 53.) Treasurer Adams offers for sale on Dets. 10 1891
bonds of the county to the amonnt of $500,000, issued for improvements on the County Farm interest, 3% per cent, payable May and November, and principal due $125,000 Tearly
;

comparison.
Tees'

" 1891
HOMTOl Futut—

tnding SeptemberSO

189a

S«oelpt« for yesr

1,628,228

271,548
1.195.718

Total receipts
Diibarssmeiits for year

1,974,118
1,567.377

2.467,259
2.121.364

406.741

845,896

Balmoe bei^lnnlng of year

Balance end of year

1889.

from May 1903

to

May

1905.

S

9
34.'s,899

Santa Barbara, Cal.— On Dec. 17, 1891 the city of Santa
Barbara will sell sewer bonds to the amount of $9,975, interest
at five per cent, payable annually, and principal falhng due in
2.627.078 small amounts each year from
Oct. 23 1893 to Oct. 33 1911.
2.355,530
304.139
2,322.934

271.543

It will be noticed that according to the abo'fe the General
Fund receipts and disbursements are very much lighter iu 1891

,

Superior, Wisconsin.— (State and City Supplement, page
110.)—Superior has issued this week $30,000 of 6 per cent
sewer bonds, interest payable May and November at the
National Bank of the Republic, New York, and principal du'

Nov. 1, 1911. Total city bonds Nov. 1 1890, $495,000 tott
than in either of the previous two years. As the items in the
special assessment bonds, $906,430.
report for 1891 do not correspond with the items for previous
years we cannot explain this discrepancy. At the same time
we presume the differences in the totals are chiefly apparent
and are to be accounted for by the omission in the receipts
and disbursements the last year of certain moneys which
We subjoin reports as to municipal debts received since the
belong to the School Fund, Normal School Fund, University
Fund and Agricultural College Fund. A very important fact publication two weeks since of our State and City Departwhich the receipts for the three years disclose is that railroads ment. Some of these reports are wholly new and others cover
are contributing more and more to the general income of the items of information additional to those given in the SuppleState. The total receipts given from that source for the year ment, and of interest to investors.
ending Sept. 80 1889 were only $947,773 04 for year ending
game time in 1890 the total was $1,008,559 04; but for the year
(Borough.)—
•nding Sept. 30 1891 the total has risen to $1,189,826.
(State and City Supplement, page 42.) This Borough Is in NorwaUt
As Wisconsin has no State debt except the amount which
Town, Fairfield Coimty. The loUowlng debt statement was reported
has been converted into certificates of indebtedness and held in by
borough on}NoTember 14
;

STATE AND CITY DEBT CHANGES.

;

CONN.— NORAA/'ALK.—

1891,theend of the last municipal yeari

the

and college funds, there has been of
the items since our Supplkment was is-

trust for the school

oourse no change in

The amounts held

sued.

They

all

for each school

&c. are as follows.

carry 7 per cent interest.

CertlflcatMOt indebtedness. School Fund
Do
do
Noi-mal School Fund
Do
do
University Fund
Do
do
Agricultural College

Tund

Total

$1,563 700
515|700
111(700
60.600

LOANS—

TrA«n Due.

Water

S0JiT>»— (Continued.)

Funded Debt—

4s,

July 1,1927
Subject to call after July 1, 1897

Subjectto call after July 1,1897
Bonded debt Nov. 1891. $400,000
Flo.itlng debt
77,316
Total delit Nov. 1891.... 477,316
Sinking fuuds
10,962
Net debt
466,354
Tax valuation 1891
2.896.218
Tax rate per $1,000
1500

48, J&.T,

$50.000

Sewer Bonds—
J&J, $75.000
J&J. 75,000

July 2,1908
July 1,1927
Subject U> call after July 1, 1897

4s,
48,

Water Bonds—
J&J. $175.000.. ..July 1,1926
Bubjeotto call after July 1,1896

4s,

J&J. $25.000

July 1.1927
.

$2,251,000

Washington—Jefferson County.—{Statb and City Sup-

We

FLESIENT, page 153.)—
desire to correct an error in the
population of Jefferson County, State of Washington, as
given in our recent supplement. The figuresrfor 1890 should

be 8,868— not 82,156 as printed.

NEW

YORK.— COLLEGE POINT.—

and City Supplement, page 50.) The following statement glv««
data which we were unable to procure in time for publication In our
recent Supplement.
(State

TTKenDm.
LOANSImprovement Bonds—
J&D, $27,000. Dec. 1. "91 to "99

Bond Proposals and

LOANS—

When Due

Water Bonds— (Continued)—

J&J. $00,OOO.JulTl.l909to'18
$3,000 payable yearly.
$12,000 payable yearly.
Water Bonds—
78. J&J. $2 ,000
JiUy 1. 1894 Total debt Oct. 1891
7s, J&J, $10,800
$243,800
7r, J&J, 132,000 Julyl,'95 to 1906 Water debt (included) .... 216,800
$46-00
$1 1 ,000 payable yearly. Total tax per $1,000
July 1, 1907 Population In 1890 was
6.127
78, J&J. $1,000
July 1.1908 Population In 1880 was
4.192
78, J&J. 8.000
INTEREST on the Improvement bonds Is payable at the office of the
Village Treasurer; on water bonds at the Ninth National Bank, New
7s,

—We

7b.

IVegollatlons
have rethrough the week the following notices of bonds
recently negotiated and bonds offered and to be offered
for sale. Our purpose is to continue this heading and publish
under it such items as are sent to us from the cities, &c.,
York.
themselves. In time we expect t» make this list of announcements full and complete.
ceived

Boston, Magsacliusetts.- (State and City Supplement,
page 22.) Boston has authorized twentv-vear 4 per cent street
bonds to the amount of $300,000 and $160",000 of twenfry-vear
"

bridge bonds.

NEW YORK—JAMESTOV/N —

This city Is in Chautauqua County. The (ollowlug is a statement of
debt and valuation received this weeli
Tax valuation, personal $544,150
When Due.
LOANS—
Electric Light Bonds—
Total valuation 1 89 1 ... 4,238,302
4s, J&D, $30,000.... June 1, 1901 Assessment about H actual value.
Interest pa.yable In New York.
Total tax per $1.000
$23 71
Total debt Nov. 1891
$30,000 Population in 1 890 was
16,038
Tax valuation, real
Population
in
1
880
was
9,387
$3,694,152
its

.

Cincinnati, Ohio.— Proposals will be received at the City
•Cincinnati, on Deo. 9 1891 for the purchase
i^^l^l^llrP^^^'
of $150,000 of 4 per cent bonds, interest payable
June and DeTCmber at the American Exchange National Bank of New
York, arid principal due June 1 1911 optional after
June 1
^^"^^ ^^^^ ^'^' receive proposals on Dec. 10, 1891
;
i<n Ji^
for
$19,660 of 5 per cent bonds, interest payable May
and
November at the City Treasurer's office, and $1,966 of the principal fallmg due on the first of each November
for the next

ten years.

""'"*^*'-~(^''*™ ^^° City Supplement, page
of the City Council of Chicago
Comptroller May to sell §1.000,000 of the
fiJ"l?''.'^t_^
v^'*
w orld
8 tair bonds, and an ordinance regulating the
issue requires that they be sold before February
1 1892.
In reference
to this matter Comptroller May says that
the sale of the bonds
has been

oc^'''^u^V
^).—
The Fmance Committee

left in certain

rJi,^
terest

"'*lu

^^*

measure

"-1'^ '^^

^^^^*^

'^''''

""

«^

CAROLINA— GREENSBORO.—

NO.

and City Supplement, page 166). The following statement
contains figures received this week concerning Greensboro's debt and
valuation
When Due.
Valuation, iiersonal
$1,000,000
LOANS—
Improvement Bonds. 1887—
Total valuation 1891... $2,500,000
68, J&J, $100,000.
.Jan. 1, 1917 Total valuation 1890. .$1,417,030
School LocationValuation is about 23 real value.
OS. J&J, .$30.000
Jan. 1, 1922 State & Co. tax per $1,000. ..$6-67
Intfrest paid in Greensboro.
City & school tax p. $1,000. $13-33
Total delit Dec. 1 1891. .$130,000 Total tax rate per $1,000. ..$20-00
Valuation, real
3,31
$1,500,000 Population in 1890 was
(State

. .

to his discretion,

and that he
actually needed, in
possible in the way of in-

™o°ey

^

is

.lenipy City, New Jerse .-(State and
City Supplement
page 6o.)-TheBc«rd of Finance of Jersey
City wfu recede
proposals on Dec. 8 1891 for $548,000
a'^ses-ment honJl/
fe48,000 water bonds and $200,000 general
bonds ine.es?
at

and July,and principaf dtfe
January
jInu'Sv1"l92r^T''H"-'^f""7
i l»^3.
These bonds are to be issued for the nnr$248,000 of water bonds
and *748,000 of street and sewer assessment due Dec 1 891
^d%748'^"o:i^f
bonds due Jan.

OHIO.— CIRCLEVILLE.
Pickaway County. The statement of this
given below, has Just been received.
Tax valuation, personal$l. 533..'587
_^ ._
6s, Mis, $25,000
1893 to 1900 Total vaUiatton...
109,887
fis, M&8,
17,000
$23-40
Seipt. 1, 1894 Total tax, per $1,000..
($1,000 due yrly.) to Sept. 1, 1910 City tax (included In
Interest payable at City treasury.
$9-00
total)
Bonded debt Nov. 1891
$42,000 School tax (included iu
Floating debt
$4-55
7,900
total)
Totaldebt
6,5.56
49,900 Population in 1890^88...
Tax valuation, real
$1,666,300 PopuIaUonlln 1880 was... ..6,046
Cirolevillp is situated In

city's debt,
.

-

-

.