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turn
pnaiifiai;
A N D
HUNT’S
W
MERCHANTS’
MAGAZINE,
g U t r , $ p ’' p
R E P R E S E N T IN G T H E
n
,
IN D U S T R IA L A N D
C O M M E R C IA L IN T E R E S T S O F T H E U N IT E D S T A T E S ,
I Entered, according to Act of Congre**, In tbe year 1893, by W m. B. D an a & Co., In tbe otHeeof the Librarian of Congress, Washington, D. O.
SATU RD AY, DECEMBER 9, 1893.
VOL. 57.
% h z
NO. 1485.
The total for the whole country shows a decrease contrasted
with the similar period of 1892 of 36 2 per cent.
(jP x to u ic I je *
1 02 W ILLIA M S T R E E T , N. Y .
Week E nding Decem ber 2.
CLEARING HOUSE RETURNS.
1893.
For the month of; November the decrease from a year ago
reaches 25 8 per cent in the whole country, and outside of New
York the loss is 31*1 r . ct. For the 11 months tbe aggregate
>
for all the Clearing Houses exhibits a loss from 1893 of 10‘7 p.c.
Eleven M onths.
Movember.
m
Raw fork.
S o s t o n .........
P r o v i d e n c e . ..
H a rtfo rd
8.1,03-1,700
5.96I.03S
6.740,402
♦,SMMS3
6,049.71©
2.727,8?+
2^5*.997
New H*ren..
Worcester.,.
f^ rtta d
w n.
k A tiV i:
Total N. Eng
B altim ore.....
P i t t s b u r g . . . ...
Buffalo.. . . . . . .
Washington*.
Boches'er ....
Wilmington.
Binghamton.
T o t a l M id d le
Cincinnati....
Indianapolis..
Oreod Rapid*
ngton . . .
T © t * M .W « n .
114.291,296
55,529,249
5,490, -98<
4 0 0>
j»6 ,0 < f
2,205^83;
2^ > *20!
aJ
i.sjoljJ
i©
1,090,000
T a c o m a -------L o * a n a e le s
G r e a t P a il*.
Total P
acific
37,809,798
♦5,0lo,V»7
nMhtm
3,708,051
2 ,8 ©
,.«r2 0
1,810.87 G
1,042,034!
Topeka
........ .
F r e m o n t .... . .
Delias,.,.......
Norfolk . . . . . .
W a c o ....,.,...
F o r t W o r t h ...
B ir m in g h a m ,
C h a tta n o o g a T o t a l S ou th ,
T o ta l a l l . . . . .
89.l01.47P
84,730,8*1j
69,.*08,4S.l
0»,743,?07
32,009,269
23,071,017
3,140.097,776
©48.610495
014.6.18,075
.
87,999,9*1
71,910,700
45.469,145
40,744,758
13,905,00*)
465.060.301
65,461,7 00
.
74,531,210 -25*5
“480
4,180.878; -M7
4,7 4 0 . -45A
6 ,0 1
9,48 L,017;—54.'0
3,246.272-f 8-25*1
2,726,410'-03*3
<8.025.470! -21**3
147,©4M
.59J
7,850, l48 -15*8
-41*9
4,875,813i—24*1
3,166.797 -24*2
-17*3
-1*3
HariK -5 9
.585,0221
©<0,415,221
70,443**00
53,110,0*3
87.8^7,325
32,701.096
11,118,550
9.790,00©
44*0
38,215,612
22,601,594 -711
5,205,704,410 -DO
3,407,283,920 -9*4
-8 0
5*. • . -
005.296.039 -11*0
—3*1
.
95,00*4,785 —7*5
72.7 *6+70 - I T
<4,861.802 +1*4
30
42,28?,Oil —*
12,522,500 4-tl 0
4,642,959,309 -7*3
7*6,440.63“
100.182.14
87,018,02;, a
&
0^6,0©l -24
13,886,972 —
Xb‘b
t ‘,0'7
I
1*.608,734
273^02,930
33*4
174,3*8,173
19 M 79.20*
02, *34,908
80,883.985
38,'3 MOB
43,057,047
2 ,y .->~
L>
17,606.0*3
4,274,109
A*!
4©*),789,<75 —
396,50©,460
266,307,647 * 3 5
244.102,8*7 -28*6
2 *8
2*4,766.1*2 —1 .
87,034,396 40*2
_2
84,388,279 —**
51,4 37, y10 -24 9
48,8k0,970 —
11B
30,435 J4$9 -219
25.28-4,715 -15*7
^ .
18,802.68© - 6 6
4,548,185 -6*0
205,014.472 —28*2' 1,701,454,299 1.963,100,909 -12*8
108,090ii9»L “ 11*0 1,038.230.415 1,113,909.365 -6*8
*5
68,609,197 -12*2 443.204,089 *30,919,691 -H
27
“ 18T
8 .9 -5 7l! “3 * &*©,&&1.882
0 v .3
139,585.920 S8-7
120,962,696
19,377,450 -18*0
li 7,2*21,09-4
96,077.49-4 +21*4
15,771,341 •t 10*4
77,537,172
110,067,043 -34*0
14.201AM -38*7
101.998+74
11,0*7,054
69,667,441
-32*9
8S8& ;
84.C6O.702
-t-ru
l :i :i
13,721J 17 -7*8
»
-11*3
05.701.027
7^90,765
* a $ q
45,'< U 0 +4*2
6 82
47,3611,934
4,9»4,f>60 ;ffil
5At 2.937;
—4*5
<3.927.230
5,d78.582 -8*0
5,0.1,8-17:
+8*9
28,841,143
3 -1 ,8 2 3,703,580
,4 8 1
36,838.232 26,400,276 2*1
**678,806’ 2,563,375 ©2*3
’
25,080,506 —33*1
16.7' 9.887
875,291’ 2,322,104
20 2 ,0 3 -27*6
3 *2 1
45,105,873
1.935.913
917,810]
0
315^16,074 163 2,585^80,410 2,781,067,290 “ *
*04.028,
90.X74.402
Sales of—
4,105,709,776 ?».§i9,743, ©27
50.255,130,791 56,287,060^94
Montreal*.
Toronto..
fTjOUMO:
85,095.046
57,730,128: -18*1
30,91*8,827 -1©T
4,e69.l77 4 5*V
81,597,31*3
97,070,729 -159
5.568.298
8,150,008
3,478,207
■B B S
SS
34,077,306
899,530,490
^10T
-B*7
530,708,010 -2*4
28*,4u?,224 -3*0
54,583,236
34,089+52 ^ 3
920,288,952
*"E a ^
stim ted
10T 9 one t o b l t s » f c le a r in g s by te le g ra p h see P age 9(45.
W eek End'q N ov. 2a.
P. Cmi
810,0^8,910
1893.
-3 8 *7
(19,1:
P r o T ld e o c ® ......... . . . . .
H a r t f o r d . . . ........................
N ew H a r e n . . . . . . . . . . . . .
B p r t n g t i e i d .. .. . . . . . . . . . .
W orcester . . . . . . . . . . . . .
P o r t l a n d - .. .
F a ll E i r e r ....................... .
L o w e l l . . . .<
N ew B e d f o r d , ...............
T o t a l N e w E n g la n d .,
79,630.449
4.474,000
1,609,177
1,075,11.1
1.081 >40
O iS.i'H
1,141.200
746,832
028.549
453,720
91,810,489
109,640,934
0.507.400
2.357,153
1,458.904
1,669.752
1,368,212
1,373,035
-27*4
-3 1 2
—39*2
©53.324
126,830,045
-3 0 6
-27*6 ’
-35*1
—32 8
—109
—35*7
-81
-8*5
—2
1 *0
—ST 8
—30*4
— 8
23
B a lt i m o r e . . ........
Cincinnati
M ilw a u k e e ........
D e t r o i t ...,,...« ...
Oleveiand.,..........
C o lu m b u s .........
Peoria!^. *. ...
Grand Rapids.....
Lexington.... .. ..
Saginaw................
Akron. ............. .
S p r in g fie ld , O ........
Canton........... . ...
Bay C ity *.,.......
T o t a l M id d le W e s t e r n .
S an F r a n c i s c o . . . . . . . . . . P o r t la n d ............
S a it L a k e C l t y f . , . . . . . . . .
Seattle......... ...................
T a c o m a . . . , . ................... . . .
L o s A n g e l© * .
—*8
0
-22* t
-2 3 2
+*24 8
4-4*8
"-3 1 0 TOO, 114.555
m
C h ica g o ,
+4)9
-2*3
-14*4
-5*7
-4 0 5
—50 9
-3 1 0
—24*3
Buffalo........ •
•
Washington....
Rochester.......
Syracuse...... ..
Wilmington....,
Binghamton-....
Total Middle.,
—32*6
-30*2
-61*0
—12*3
3
5,i*0J,000
3,810,592
~U9 7
—37*4
,
—6
1 *3
1.256.219
1,479,400
825,007
311,12©
*52,253
154.929
135.720
-24*1
—17*4
-51*0
-36*5
-4 7 0
—27*2
—27 0
114,202,840'174,506,641
12,824.732
1,223,797
-3
a
l
s
894,998
350,000
294,281
192,599
143,241
117.087
256,925
-u r ^ W z
447,5'
3 HS
SS
-34*7
51*2.669
6*5.000
1.055.900
-1 ¥ i
11,040,097
—60*3
-5 2 0
19,033,056
2,379,766
Z fi
83,245,70
11,573,35!
*,321.05i
5.624.900
4,484.8*1
3.150.000
-ib*6
+11*1
Helena t ..............
Spokane . . . . . . . . . . . . . . . .
Great F a lls * ............... .
a
^-22*5
n,s
Boston.......... .
Sioux F
Farg
iP^Cent.
516,518,152
(S to c k * ....
(G rain ........
1.200.000
-4 9 1
—24 3
+65*8
234,470
144.512
80,797
l s . •
..............
A l b u q u e r q u e t .........
Total P acific................
__ ____City.
Minneapolis..
Denver.......
“ alai-.....
ith..D
S t. J o s e p h
S io u x C ity
D os M o i n e s . . . . . .
L i n c o l n . ............. . .
W i c h i t a . . . ...........
T o p e k a ..... .. .. .
F r e m o n t ...............
Hut chlnsoiut,...
H a a t in a a * .....,..
S p rin g fie ld , M o .*
T o t a l O t h e r W e s t e r n ..
16,277,257
*20.009,331
-38*8
7,347,498
0,051,547
4,4.H,708
3,027.982
—34 7
—40*1
1,757.33©
1,8*38.700
08*,508
—30‘7
=8S
-02*3
2,131,902
.
-50*5
—41*7
-35*0
AH
-4 0 3
72 90
15,433,314
U
660.000
7+538
603,000
527.1A7
303,1.61
71,181
'u . o f i i
i5 5 s y S 3
50,132,719
-1 0 8 . 33,200,972
28,377,52?
19,7^3,418
9,952.958
5,080,044
4,004.979
-2 8 9
13,182,187
5,055.0m
3,170,368
I 'M
2.30+ll2
L 5 5U 723
a a ®
995.277
700a00
JackBonrllle.
T o t a l S o u t h e r n .,
528,561
238-825'
161.007
330,298.
“5U
702J2i -
„14*^
8,651,581
0,966,524
4,801,711
3,751,404
2,237,022
2,040.267
a o .ia i.M i
61.418,7661
24^-95.12-v
X6 89&.13S
17.4 0.499.'
8,74IJS18{
—S H
Outside ft, Y. l M 8,8©1.81* i2,338,500,0971 B l 31,209,533,737 23,227,459,003
T o t. Canada.
"^8*8
.991.442,01$ 1,070,101,805 -17*2
435,935,933
304,R ©,711
1
500,938,651
258,796^00
102,091,612
69,142.46©
P h i l a d e l p h i a . .. .
63,050,250 f r l
21
60,735,143 —* Pittsburg...-----
623.546,526 -20*9 5,030,889.207 5,511.734,55;
32.^9.570 4 7 .tl8 .2 0 4 -S ilt)
2*
2© 9,07 25,379,190 —2 1
.t& 5
0.-665,047! 22,936,437!—67*8
10,715310! 25.110,^0 -3 4 * 2
1 ,4 9 0 1 9,575,579
0 9 .4 8
St, Joseph ..
S i o u x C it y . .
D M
m oines.
Galreston....
105,925.508
16-7 4,891,862,100
76,172.2701 110.108,741!-31*7
K a n s a s C it y ...
M in n e a p o lis ...
O m a n * -.* *
D e n r s r -----S t. P a u l . . . * .
D u lu t h ........
H o u s t o n ........
M em p u ts.........
R ic h m o n d . . .
S a u b v lii# ..,,
S a v a n n a h ....
A tla n ta . . . . .
6.418,595 -7*1
< 120,7'-1 --C+*
\
6>t 0,173 - * £ *
0,078,*** —0*5
3,502.600-82*8
2.072.086 *t8*8
2n6.&8c,80-
:®1 *597,421,000 695.139.a50 -14*3
•
u ju .eh t,
-6 8
307,788,527
v
84.522,066 -a -ri 298.698,607 820,248,871 -9*4
S O .O l -*1 1 248,143,754 *00,641,2.50 —7*9
'j.O d S
18,590,600 -2T9 14^180,400 167,<16,700 -12*7
75,300,38.1
89,111.3*0 -15*4
7,946*44I -in
0,173 -31*7
5,v22.101
7,805.401 *24*1
60JW
.96O 82,1->
*,tf»2.©03 -13*2
<5,771,809 —7*2
42.487.019
18,731,069
1,6*8467 1,966.507 -*5*8
22.70* '.Mb -20*3
16,22,0,048
1,655.440 -2U-4
17,113,210 -5*2
796,592 •2ot
7,818,213 — 8
©
7,283,293
607,965
518.193.0*2 ©68,415,451 -32*6 0,108,005,013 0,085,060,990 -8*0
geata©....,,.
St. L ouis.,..«.
New Orleans,Louis riile^...
-18-5
9 8 ,0
,0 6 **1 10-0
%.7$3,006
m86i,986 320,017*530 —23*0
-15-5
t-4.8DW2
m » m ,m -19*5
SO,*90,384
-15*7
88*456
,798
6.7f6,©
«8 0,843,773 •31*8
©
,599,503 7,5*27+09 12-3
4,367.685
4,717,009
4.175,843 -iH
1,262,200 .16-8!
1,474,70*'
-i
B a a F r a n c is c o .
P o r t la n d ... . .
S & itL a k e C H y -
T o t , o t h 'r W ,
p .ct.
i 6o.i05.8i6 -17*4 4,210,364,475: 4jM 1,171,080 —7*1
429.572,066; 515,478,53©
370.850^05
60,997A5o
M aukee.... ft,023,746
ilw
24,188,081
D e tr o it■ lereia d ..... 19 287,088
C
n
Columbus. —
©
>*7,624
Peori* . . . . . . . . .
C h i c a g o ............
im 2.
im .
-2 0 -1 20,015,113.0s* l3 8 .0 6 0 .ll0 .!
S p r in g fie ld .,,.1
P h ila d e lp h ia ..
P .ct.
N ew Y o r k . .
1802.
i;M
1705,140
1,257,570
1,150,000
1,002,414
533.1U
527,998
470,599
375,000
—
316
—0 3
1*
—23 0
iff?
■ 60 2
—
—31*3
-yU*9
Z fo l
-0 9
—54*8,
-O0'l
—1
1 *0
22,108.120
10>'8,973
6,051,078
3,451.440
3,988,322
2,lf>4,959
793,384
2,681.185
_81'4
—
20*0
2,l02,o
r
1,378,5!
1,193,309
" 245,712
SS
207,7^3
390,427
~~rm \ "^24u+42
Total a l l .. . ......... .........
903.012 096 x,410,242,288
-afl-Z1 932.441,424
-1 8 1
O a t.ld e Kaw Y o rk ...
402,643,405
599,588,372
—33*8 410,9/i0,2/2
^lTo
10,814.99*
0,172,753
1,150,039
753,03b
18.898.32.
ll,085,518
7,403,517
1,240,238
848.023
20.577.326
M o n t .r a » l ..
Hamilton .
Total Canada
• N o t I n c lu d e d i n t o t a t s .
-8*2
9,803,788
5,203,420
999.bO
2
0<O.6O3
16AQ7 5T3 ^
t P u b li c a t io n d i s c o n t in u e d f o r t h e p r e s e n t.
THE
956
CHRONICLE.
[V o l . LVI1,
duce the cost of goods before the deliveries on contracts
now made had passed into consumers’ hands. Never*
BTfiTZ finn CITY m ? AUTIvrPJT, theless there are daily reports of the resumption of
S ee p a g e s 1 0 0 5 , 1 0 0 6 , 1 0 0 7 , 1 0 0 8 a n d 1 0 0 0 for work by mills in all sections of the country and en
our State and City Department.
gaged in vaiious kinds of manufacture; and business is
All advertisements with relation to State and City Bonds certainly though slowly developing. A strong point
will likewise be found on the same and following pages.
in the situation is that stocks of goods are in all de
partments extremely small. This report is in accord
with what past conditions would lead one to expect.
T H E F I N A N C IA L S IT U A T IO N .
Congress assembled on Monday. It has been a long The presumption is therefore that when buyers take
time since the coming together of that body has been hold with any eagerness the improvement will be rapid,
so little considered in business circles. The passage of for there is nothing like small stocks and a good strong
the Silver Repeal Bill has robbed the currency of its tone to the markets to stimulate demand. We remark
most disquieting principle, the active operation of below upon the November clearings and earnings,
which, together with the arrogant and aggressive which it will be seen are, as a gauge of the growth in
spirit of the silver party, invariably disturbed the business, encouraging when correctly interpreted.
public mind as soon as the day of meeting ap A number of our bank managers have this week
proached and kept it in the same state so long been informally discussing the propriety of reduc
as that body was in session. Probably the publi ing the interest rate upon deposits of interior
cation of the proposed tariff bill also helped to give banks. This question always comes up and gets
a calmer and uneventful opening, for the publication to be quite urgent whenever conditions shape them
took away almost all curiosity with reference to the selves as they now are; for the practice of pay
chief subject about which there was any considerable ing interest as at present conducted is very burden
anxiety. Moreover, the President's Message was a very some. With the cost of bookkeeping and other ex
conservative document, tending to strengthen rather penses attendant upon the business, these interior de
than to disturb public equanimity. We have remarked posits, with the rate of interest paid added, cost on the
in a subsequent column upon that feature as illustrated average at least 2f per cent, and it is out of the ques
by the proposals the Message contains with reference tion to earn anywhere near that rate to-day. There are
to currency revision. That document urges delay in not over three of our city banks which carry large lines
action; and there never was a time when the cur of deposits that do not directly or indirectly pay inter
rency was so favorably situated for awaiting the est, and some even pay express charges to get and keep
development of existing surroundings, and when the the accounts. Owing to the fact that these deposits
public as well as legislators were likely to gain so are subject to call on short notice, it is difficult to loan
much in discretion and judgment by delay in the money to advantage even on a fairly good money
entering upon the work of formulating a new currency market. It is thought that perhaps some permanent
device. Secretary Carlisle’s report is still held back change in the present system may be agreed upon which
for reasons not fully explained. But we give to-day will afford relief.
copious extracts from the President’s Message and Money continues to flow towards this city, though the
from Comptroller Eckles’s report among our Reports aggregate arrivals are smaller than for previous weeks.
But the reserves held now are so large and interest rates
and Documents on pages 981 to 984.
Nothing has transpired this week materially affecting are so low that there is no very, material change in the
the general industrial situation. The strike on the Lehigh market. Money on call representing bankers’ balances
Valley Railroad, which was first ordered Saturday, continues to be quoted at 1 to 14 per cent, averaging
Nov. 18th, was declared off Wednesday of this week. about per cent. Renewals are at per cent and
Labor troubles are always more or less disturbing to banks and trust companies quote 2 per cent as the
the business or the road affected, and while they last minimum. Time money is in abundant supply and
act as a kind of unsettling influence upon other systems those who are competing for loans are willing to ac
in the same locality. This strike has however been a cept any good collateral and to make engagements for
feeble affair almost Lorn the beginning. With so any reasonable length of time. But the demand is very
much labor out of employ it never could have had any light and the business in the stock market is not such
chance of success even had there been a real grievance, as to induce borrowing. Rates are 2 per cent for
which there was not. Nevertheless it is a favorable cir thirty to sixty days, 2^ per cent for ninety days to
cumstance to have the affair closed. Another railroad four months and 3 to per cent for five to six months.
event of a different, that is of an unfavorable, charac Commercial paper of the best kind continues to be scarce
ter has been the cut in rates by the trunk lines on and there is an excellent demand from all sources,
east-bound freight. It is always difficult to fix the blame which is absorbing the most satisfactory among the
clearly in such a matter. But it is obvious that the good names, and the business is fairly large. Rates are
act, however or by whomsoever started, is foolhardy. 3£ to 4 per cent for sixty to ninety day endorsed bills
There is little enough business to do now without receivable; 4 to 4.} per cent for four months’ commis
seeking to do it at a loss'. We presume the disagree sion house names and 5 to 6 per cent for good single
ment will be speedily settled ; at least we cannot believe names having from four to six months to run.
that any trunk line manager possesses so little wit as to The Bank of England rate of discount remains un
adopt any other course.
changed at 3 per cent, and there was a report early in
Trade has been somewhat interfered with by the the week that the Bank was manipulating the open
tariff proposals, especially by the early date fixed for market in the direction of higher rates. A sharp fall
the bill to go into effect. Purchases in such a case can in consols on Tuesday gave color to a rumor that the
hardly be other than from hand to mouth, since any Government was about to make large appropriations
provision for future wants would have to be made in for the increase of the naval force. The cable reports
the face of prospective tariff changes which might re discounts of sixty to ninety day bank bills in London
THE
THE CHBOMOLE
D ecem ber 9, 1893.]
2 f per c e n t. T h e op en m a rk et r a te a t P a ris is
per
c e n t, a t B e r lin i t is 4^ p e r c e n t a n d a t F r a n k fo r t 4 f
p er c e n t. A c c o r d in g to on r sp e c ia l ca b le fro m L o n d o n
th e B a n k o f E n g la n d lo s t £ 3 1 1 ,0 8 8 b u llio n d u r ia g th e
w e e k , an d h eld a t th e clo se £ 2 5 ,6 7 7 ,8 8 2 . O ar
c o rresp o n d en t fu r th e r a d v ises u s th a t th e lo ss w as d u e
to th e ex p o rt o f £ 8 0 ,0 0 0 , w h o lly to R o u m a n ia , to
£ 3 8 0 ,0 0 0 s e n t to th e in te r io r o f G reat B r ita in , a n d to
th e im p o r t o f £ 1 4 9 ,0 0 0 , o f w h ic h £ 1 2 7 ,0 0 0 w as fro m
E g y p t a n d £ 2 2 ,0 0 0 'fr o m P o rtu g a l.
F o r e ig n ex c h a n g e h as b een s tr o n g th is w eek . T h e
m a rk et is still narrow a n d th er e fo r e e a sily in flu
en c e d , th e m o st im p o r ta n t fa c to r c o n tin u in g to
be ch e a p m o n e y . B ills are in lim ite d su p p ly ,
an d th o se w h ich are o S e r e d are p ro m p tly ab sorb ed .
O n e fe a tu r e th is w eek ha3 b ee n a m o d era tely la r g e
d e m a n d from th e A m e rica n S u g a r R e fin in g C o m p an y
to re m it for raw su g a rs im p o r te d . A n o th e r fe a tu r e
has b een an in q u ir y fro m b a n k ers w h o are r e m ittin g
for co u p o n s u p o n A m e r ic a n se c u r itie s w h ic h w ill fa ll
d u e a t th e b e g in n in g o f th e y ea r, a n d th ere c o n tin u e s
to be a g o o d d em a n d from m erch a n ts w h o are r e m it
tin g to s e ttle th eir m a tu r in g e n g a g e m e n ts. T h e r e
ha3 a lso b een som e in q u ir y fro m b an k ers to r e m it
fo r
sto c k sold fo r E u ro p ea n
acconnt but
th i3 d em a n d h a s b een to som e e x te n t co u n terb a la n ced
b y o fferin g s o f b ills a g a in st in v e stm e n t p u r ch a ses.
E arly in th e w eek th ere w as a lig h te r in q u ir y for lo n g
s te r lin g , ca u sed by fr a c tio n a lly d ea rer d isc o u n ts iu L o n
d o n , b u t la ter th e rise in sh o rt b r o u g h t a b o u t a
co r r e sp o n d in g a d v a n ce in lo n g . O n W ed n esd ay th e
v o lu m e o f b u sin ess w as sm a ll b ecau se th e a d v a n ce in
rates h ad a ten d e n cy to k eep b u yers w h ose req u ire
m e n ts w ere n o t u r g e n t o u t o f th e m a rk et, b u t C o n ti
n e n ta l ex c h a n g e was str o n g a t figu res clo se to
th e g o ld -e x p o r tin g p o in t.
O n T h u rsd a y and
F rid a y th e str e n g th o f th e m a rk et c o n tin u e d an d
rates ad v an ced fu r th e r , I le id e lb a c h , I c k le h e im e r &
C o. h a v in g y ester d a y w ith d r a w n # 5 0 0 ,0 0 0 g o ld for
s h ip m e n t to th e C o n tin e n t by th e stea m er le a v in g tc -d a y
T h e m a rk et clo sed d u ll a n d firm a t th e a d v a n ce y e s te r .
d a y . T h e fo llo w in g ta b le sh o w s th e c h a n g e s in ra tes
o f e x c h a n g e b y th e le a d in g d raw ers th is w eek .
FriU
Mom, Toes., Wed., Thors.,
Dec. 4, Dee. 5. Dec. 0. Dec. 7.
85
, iS4,H
8&-4
Brown Bros.,..
•*74
854
Bariiur»
i m day*.. i H H
m -H
8i
m
Magocm it C o, ( Sight...,. * S7Ji
Bank British ( days.. i *14
85
854
Ko. America*. } Sight----- *874
88
874
8*4
Baal rif
i«0day».. i s*4
83
834
Montreal...**. \ Sight...,. 4 874
88
874
874
85
Canadian Bank 586 day*.. * **4
814
85
85
87
of Commerce, t Sight----- 4 97
m2
874
374
83
85
HeLIMbaeh.Ick- f 60 days.. 4 *14
85
874
elheicaer A C o l Sight..... A87
87-4
874
85
83
4 8*4
if?
874
874
saw
D ec, 1.
.
atr
»k
§1*
8*
ber is 25-6 p er c e n t, a g a in st 2 5 ’7 per c e n t fo r O c to b er,
30*7 p er c e n t fo r S ep te m b er, a n d 2 5 ‘9 p er c e n t fo r
A u g u st. O u tsid e o f N e w Y o r k , h o w ev er, th e d ecrea se
for N o v e m b e r is o n ly 2 1 T p er c e n t, a n d th is co m p a res
w ith 23*2 per c e n t in O ctob er, 26*7 p e r c e n t in S e p te m
b er a n d 29*8 p er c e n t in A u g u st, th u s r e fle c tin g c le a r ly
th e p ro g ress w h ich h a s ta k e n p la c e s in e e th e d ep ressio n
w as a t its h e ig h t in A u g u st.
MONTHLY OLEABINGS.
1893.
Janaary.
February
March.....
854
88
88
r
W4
8*
* R a tes fo r a c tu a l b u sin ess y e sterd a y w ere 4 8 4 4 to
4 8 4 | fo r lo n g , 4 87 to 4 871 for sh o rt, 4 8 7 | to 4 87$
fo r ca b le tra n sfers, 4 84 to 4 8 4 $ for p rim e and 4 83 f to
4 84 fo r d o c u m en ta ry co m m e rcia l b ills.
W e p u b lish th is w eek ou r sta te m en ts o f h a n k clear
in g s fo r th e m o n th o f N o v em b e r, and th e re su lts are on
th e w h ole q u ite sa tisfa c to r y . F o r w h ile o f cou rse th e
fa llin g o ff from la s t y ea r co n tin u e s la rg e, co m p arison
w ith th e m o n th s p r e c e d in g sh o w s a stea d y d e c lin e in
th e ra tio o f loss— th a t is, sh o w s ste a d y p rogress
to w a rd s a b etter sta te o f th in g s . T h is im p ro v em en t is
n o t ob servab le a t N e w Y o rk b eca u se o f th e p ro m in en t
p a rt w h ich fin a n cia l tra n sa ctio n s p lay in th e r e su lts h ere;
b u t o u tsid e o f N e w Y ork it is v ery m ark ed . W ith
N ew Y ork in clu d ed th e ra tio o f d ecrea se for N o v e m
P.C t
1893.
1892.
P.OU
1
*
$
5,950 811,391 5,071,774,528 +4-0 2,389,369,979 2,125.158.562 -f-12’5
6,082,211,190 5,223,972 603 ; —2*7 2.015.849,391 1,986,503,727 +1-S
5,418.802.011 5,311,066,098 +2*0 2,100,100,029 2,050,419,575 +5-6
1st quar.. 16,4*9.858.192 10,200.813,289 + 1 5 6,570,825,399 6.160.031,864 +6-7
4.951,288.882 5.102,380,951 -2 '9 2,144,937,028 2.026,803.691 +**»
Abril......
Mm ............ 5,280,981,721 5,045,104,9*1 -H-? 2,225,502,380 2.064,94*,396 +7-9
4,552,750.182 4.949,600,780 —8 0 1,920,853.723 2,142,484,042 —
10*0
Jane... — .
2d qaar... I4.78N.O18.705 15.090,992.072 -2*1 0.297,293,131 6.234,292.029 +1-0
6 months 31,254,870.957 31,303,805,901 -0*3 12,868,118,53v. 12,394,373,893 +3-8
10-1 1,705,395,902 2,075.104,938 -15*0
July*,*,.... 4.168,802*94 4,653.541,050 —
3,309.972,293 4.5*5.180.549 -25*9 1,411,933,257 2.010.958,098 —29*8
August. ..
September. S,812.040,011 4,820.680,047 -30-7 1,501,751,115 2.048,201,813 —28*7
3d qaar... t0.87t.722.040 14,025,382,246 —22*o 4,679,080.381 6,134.324,8*9 -23*7
9 months 42,106,598,937 *5.329,188.207 -7*1 17.517.103.804 18.528.698.74? —5*3
October— 4.042.8 >8.618 5,438.738.050 -25*7 3,813.473.059 2,36* >251,22* —23*2
Not ember. 4,10 j,709,776 5.619.743,82 7!-2 5 0 1,^48,801,814 2,338,500,097 -21*1
B u t to see th e fu ll m ea su re o f th e im p r o v e m e n t it is
n e e-sa ry to ta k e in to th e c o n sid e ra tio n th e co u rse o f
th e c le a rin g s d u r in g th e c o rresp o n d in g p erio d la st year.
A nd h er e w e fin d th a t th e d im in u tio n in th e ra tio o f
d ecrea se in th e la te m o n th s th e p re se n t year h as
occu rred in th e fa ce o f ste a d y im p r o v e m e n t in th e
to 'a ls o f th e sa m e m o n th s la st y ea r. T h u s in N o v e m
ber la st y ea r th ere w as a n in crea se o f 9*o p er c e n t w ith
N e w Y o rk in c lu d e d a n d 12*6 p er c e n t in crea se o u tsid e
o f N e w Y o r k , w h ile in O cto b er th e r e h ad b een o n ly
5*5 in c r e a se o u tsid e o f N e w Y o r k an d 1*5 p er c e n t
de '.rease for th e w h o le c o u n try , an d in S e p te m b er b u t
2*G p er c e n t in crease o n tsid e o f th is c ity a n d 9*3 p er
c -n t decrease for th e w h o le c o u n tr y . In o th er w o rd s,
w ith ea ch m o n th o f la te th e co m p a riso n h a s b ee n
w ith b e tter re su lts la st year an d th e ra tio o f loss h a s
d im in ish e d n o tw ith sta n d in g th a t fa c t. W e a n n e x ou r
usual tab le sh o w iu g th e cle a rin g s fo r fo u r years a t th e
lea d in g c itie s , b o th fo r N o v em b e r a n d sin c e J a n u a r y 1.
BASK CLEARINGS AT LEADING CITIES.
-N o ttc m b e r .—-
o m itte d .)
W*
1892,
Clearings OutsiSe ST«w Fork.
t
rOOO.ODOs
S3
Clearings, Total ATL
Month,
Frl..
Dec. 8.
86
884
957
1893.
s
New York... 2,257
Chicago...*..
371
373
Boston.........
Pniladelphia
253
St. Louis___
96
San Fran'co.
56
55
Baltimore.-.
50
Pittsburg...
51
Cincinnati...
38
Kansas City
New Orleans
51
20
Milwaukee,.
25
Louisville...
Bn Halo____
33
24
D e iro lt......
33
Minneapolis.
Omaha........
20
Providence..
2t
Cleveland. .
IS
10
Denver........
17
S t P a u l.....
r J a n n a r y 1 < N ov.
—
to
1892. 1891. 1890. 1883. 1892. 1891.
*
*
$
6
s
$ 33,060 30,490
3,181 2,918 3.350 29,046
402
364 4,306 4,643 4,033
465
450
403
416 4.210 4,531 4,335
329
318 3,140 3,467 3,006
278
95 1,038 1,111 1,029
98
108
746
79
71
616
818
75
663
61
706
65
61
649
e7
62
55
615
695
620
685
606
65
54
587
58
43
436
461
418
48
38
443
59
437
457
59
53
34
31
308
327
288
37
32
37
353
29
297
328
367
379
358
37
33
40
26
329
287
299
35
27
323
34
397
42
304
48
274
266
191
21
26
19
259
25
26
252
267
26
270
23
23
218
238
28
174
210
19
20
244
23
21
191
27
245
217
25
30.— .
1890.
$
34,592
3,734
4,742
3,414
1,022
773
693
720
588
453
460
321
369
319
274
273
235
243
241
237
206
Total........ 3,873 5,229 4,757 5,196 47,845 53,614 49,169 53,909
242
211 2,410 2,671 2,375 2,073
291
233
Other oitles..
Total aU... 4,106 5,520 4,999 5,407 50,255 56,288 51,54155,982
Ontalde N.Y. 1,849 2,339 2,051 2,057 21,209 23,228 21,054 21,390
A t th e S to c k E x c h a n g e b u sin ess d u r in g th e m o n th
w as v e r y d u ll, an d th is h as its e ffe c t o n b a n k c le a r in g s,
ev en th o u g h a la r g e p o r tio n o f th e sh a re sales are n o w
cleared by an in d e p e n d e n t m eth o d . T h e sto ck sales at
th e E x c h a n g e are sh o w n in th e fo llo w in g .
I 958
THE
CHRONICLE.
SA L E S O F ST O C K S A T T H E N E W Y O R K 8 T O C K E X C H A N G E .
1892.
1893.
Month. Humber
of Shares
Values.
Actual.
Par.
%
Jan— 10,583,961
F eb.... 10,742,925
March. 7,390.694
964,551.825
880,537,950
687,797,100
Number
of Shares.
*
705,648,158 9,992,043
566,749,945 11,434,111
453,432,872 8,933,946
Values.
Par.
|
Actual.
$
$
933,019,100, 533,383,777
946,071,600, 571,380,647
773,129,890, 484.094,977
lstqr 28,717,580 2,518.886,875 1,725,830,945 30,360,100 2,652,220,590 j1,588.859,401
April... 6,271,083
May.... 8,972,435
June... 4,823,997
591,037.380
856,148,250
454,188,600
380,097,813 6,815.142
466,085,607 6,176,456
253,852,274 5,374,727
555,520,360 367,134,990
570,245,525 362.627.687
504,537,150: 332,807,568
1,062,570,25 4
2d qr. 20,067,515 1,901,374,230 1,100,635,694 18,366,325 1,630,303,0351
6 mos.. 48,785,095 4,420,261,105 2,826,466,639 48,726,425 4,282,523,625 2,651,429,655
July.... 5,895,187
August 4,903,629
8ept.... 4,722,491
574,371,700
483,743,200
460,653,550
8d qr. 15,521,307 1,518,768,450
322,593,474 3,613,374
260,577,015 5,447,178
262,471.8 i9 6,853,516
857,567,350; 229,303,649
496,602,702 321,470,097
600,468,100] 379,506,815
845,642,338; 15,914,068 1,434,638,152 ■ 930,280,561
9 mos.. 64,306,402 5.939,029,555 3,672,108,977 64,640,493 5,717,161,777'8,581,710,216
Oct...... 6,322,384 600,051,350 314,296,968 7,042,896 649,152,900 412,424,192
N ov.... 5,458.255 529.084,250 328,456,633] 5,836,803 534,709,850' 357,447,312
R a ilro a d g ro ss e a rn in g s fo r N o v e m b e r a b o u t
m e e t c u r ren t e x p e c ta tio n s. W e s h a ll p u b lis h ou r
u su a l re v iew n e x t w e e k , b u t h a v e p rep ared a
p re lim in a ry to ta l th is w eek c o v e r in g th e 88 road s
w h ic h h a v e a lread y fu r n ish e d r e tu r n s. A g g r e g a te
e a r n in g s fo r th e se 88 ro ad s are fo u n d to h a v e b een
$ 3 6 ,47 2,12-1 th is year, a g a in st $ 3 9 ,1 6 3 ,4 0 9 la st y ea r, a
d ecrea se o f $ 2 ,6 9 1 ,2 8 5 , or 6 '8 7 p er c e n t. T h is is w ith o u t
th e a id o f th e W o rld ’s F a ir traffic. I n O cto b er w h en th e
in flu e n c e o f th a t fa v o ra b le fa c to r w as so p r o n o u n c e d ,
th e d ecrea se w as 2*38 p er c e n t. A w o rd o f e x p la n a
tio n is d esira b le in re la tio n to th e c h a n g e s in th e ra tio
o f fa llin g off in th e m ore r e c e n t w eek s. F o r th e fo u r th
w e ek th e p re lim in a r y sta te m e n t w h ic h w e g iv e on a n o th er
p a g e in its u su a l p la c e sh o w s 1 0 -08 p er c e n t d ecrease.
F o r th e th ir d w eek th e co m p le te d s ta te m e n t record s
o n ly 6 76 p er c e n t d ecrea se a n d fo r th e seco n d w eek
th e d ecrea se w as b u t 2 '0 3 p er c e n t. O n th e fa c e
th e se fig u res ap p ear to in d ic a te a retro g ra d e m o v e
m e n t. A s a m a tte r o f fa c t th e d e v ia tio n s th is year
are c o n n e c te d e n tir e ly w ith sim ila r d e v ia tio n s la s t year.
I n th e sec o n d w e ek w e w ere c o m p a r in g w ith ea r n in g s
la st year w h ic h h a d a c tu a lly sh o w n a d ecrea se, in th e
fo u r th w e ek w e are co m p a r in g w ith ea r n in g s w h ic h
h a d sh o w n a la r g e in crea se. T o b rin g o u t th is r e la tio n
sh ip w e su b jo in th e fo llo w in g co m p a riso n s.
C h a n g e s th is y e a r .
2d week November.. 2 03 per cent decrease.
3d “
'*
.. 6 70 per cent decrease.
4tn “
“
..10 08 per cent decrease.
C h a n g e s la s t y e a r .
2-97 per cent decrease.
2*68 per cent increase.
9*58 per cent increase.
[V ol. LV1I.
b e re m em b er ed , th e I llin o is C en tra l m a d e a
m o st str ik in g g a in in g ro ss ea r n in g s— in a m o u n t
$ 7 9 0 ,2 3 3 .
I t ap p ears th a t th is
re m a rk a b le
a d d itio n to th e g ro ss re v en u e s w as e ffe c te d w ith
a n a d d itio n o f o n ly $ 2 2 8 ,2 1 6 to ex p en ses, th u s
le a v in g a g a in in n e t o f $ 5 6 2 ,0 1 7 . In th e fo llo w in g
w e fu r n ish th e fig u res b o th fo r O cto b er and th e fo u r
m o n th s sin c e J u ly 1 , th e b e g in n in g o f th e fisca l year.
ILLINOIS CENTRAL RAILROAD.
.--------------- October.------------
1893.
Gross earniDKS.......$2,688,343
Expens's and taxes. 1.482,967
Net earnings. ..$1,185,376
r - J u l y 1 to October 3 1 .^
1892.
1893.
$1,878,110 $8,537,752
1,254,751
5,381,908
1892.
$6,031,517
4,976,837
$623,359 $3,155,844
$1,704,680
,--------------------------------- J or cm her.- --------------------------------------------,
V
1893.
1892.
1891.
1890.
1«89.
Gross earn..$1,830,594 $1,709,131 $1,743,779 $1,616,051 $1,551,712
F o r th e fo u r m o n th s o f th e fisca l year g ro ss ea rn in g s,
it w ill b e o b serv ed , in cr ea sed $ 1 ,8 5 6 ,2 3 5 a n d n e t ea rn
in g s $ 1 ,4 5 1 ,1 6 4 , th e la tte r an im p ro v em en t o f over 85
p er c e n t. T h is s tr ik in g re su lt h a s b ee n a c c o m p lish e d
in th e fa c e o f g r e a t d ep ressio n in th e b u sin e ss w o rld ,
an d a t a tim e w h e n as a re su lt o f su c h d ep ressio n le a d
in g road s a ll over th e co u n try w ere r e p o r tin g v ery
h ea v y lo sses in ea rn in g s.
I n a n a ly z in g th e b a la n ce sh e e t o f th e G rea t N o r th
ern R a ilw a y C o m p a n y tw o w eek s a g o , in s p e a k in g o f
th e c o m p a n y ’s cu r ren t lia b ilitie s w e referred to an ite m
of $ 1 ,9 5 2 ,9 9 8 o f “ o th e r lia b ilitie s .” T o a v o id m isa p
p r e h e n sio n , it seem s d esira b le to ad d a w ord h er e as to
th e n a tu r e o f th is ite m . I t re p resen ts b a la n ces sta n d
in g to th e c r e d it o f th e v a r io u s su b sid ia ry c o m p a n ie s
on th e b o o k s o f th e G reat N o r th e r n . T h e c o m p a n y
ow n s a ll th e sto c k o f th e se su b sid ia ry co m
p a n ie s, a n d th ere fo re th e ite m is n o t a cu r
re n t lia b ility in th e u su a l se n se o f th e w ord—
th a t is, it is n o t a lia b ility o w in g to o u tsid ers, b u t
in e ffe c t a lia b ility w h ic h th e co m p a n y ow es to its e lf.
T h e o rd in a ry c u r ren t lia b ilitie s J u n e 3 0 , 1 8 9 3 , o n traffic
a n d o p e ra tin g a c c o u n ts (th e co m p a n y h a d n o n o te s or
b ills p a y a b le o u ts ta n d in g ) w ere $ 5 ,3 1 8 ,2 9 5 , a n d if w e
ad d to th is $ 6 7 5 ,3 7 9 fo r in te r e st, ta x e s an d d iv id e n d s
a ccru ed b u t n o t d u e, w e g e t a to ta l fa llin g a lit tle
sh o rt o f s ix m illio n d o lla rs, a g a in st w h ic h th e co m p a n y
h e ld $ 5 ,6 6 1 ,9 4 4 o f a c tu a l ca sh a ssets, n o t c o u n tin g fu e l
and m a ter ia ls o n h a n d . A t th a t d a te th e c o m p a n y
also h a d p r e tty n e a r ly th ree m illio n d o lla rs s till to re
ceiv e o n th e su b sc r ip tio n s to th e five m illio n s o f n ew
sto ck .
T h e fo llo w in g g iv e s th e w e ek ’s m o v e m e n ts o f m o n e y
to an d fr o m th e in te r io r b y th e N e w Y o r k b a n k s.
T h e se co m p a riso n s te ll th e ir o w n sto ry , and it is u n
n ecessa ry to en la rg e u p o n th e m . I t is p ro p er to say
th a t th e flu c tu a tio n s la st year w ere c o n n e c te d in a
Received by Shipped by
Net Interior
Week Ending Dec. 8,1893.
N. Y. Banks. N. Y. Banks■ Movement.
m ea su re w ith th e P r e sid e n tia l e le c tio n ; w h ile th e c a n
$7,296,000 $2,362,000 Gain $4,93 4,000
vass w as a t its h e ig h t it o f co u rse e x ercised so m ew h a t Gold
....................................................
820,000
647,000 Gain.
173,000
o f a re ta rd in g effect u g o n b u sin ess; w ith th e rem o v a l
Total gold and legal tenders .. . $8,116,000 $3,009,000 Gain.$5,107,000
o f th a t d istu r b in g a g e n c y tra d e a g a in resu m e d its n o r
R e su lt w ith S u b -T rea su r y o p era tio n s.
m a l co u rse, an d p a rt o f th e ea rly lo ss w as reco v ered .
Into
Out ef
Net Change in
Week ending Dec. 8, 1893.
T h e n , also , th e T h a n k s g iv in g h o lid a y ca m e a w eek
Bank Holdings.
Banks
Banks.
ea rlier la st year.
Banks’ interior movement, as above $8,116,000 $3,009,000 Gain. $5,107,000
700.000
17,400,000 16,700,000 Gain
D o u b tle ss m o st p erso n s e x p e c te d th a t w ith th e
Total gold and legal tenders...... $25 516,000 $19,709,000 Gain. $5,807,000
c lo sin g o f th e W o rld ’s F a ir th e I llin o is C en tra l, w h ic h
T h e fo llo w in g ta b le in d ic a te s th e a m o u n t o f b u llio n
h a d d er iv ed su ch e x c e p tio n a l a d v a n ta g es fr o m th e F a ir ,
w o u ld b eg in to sh o w a fa llin g off in ea r n in g s. W e n o w in th e p r in c ip a l E u r o p e a n b a n k s.
h a v e th e retu r n fo r N o v e m b e r , th e first m o n th a fter
December 8,1892.
December 7, 1893
Bank of
th e F a ir , an d in ste a d o f a lo ss th e r e is a g a in o f $ 1 2 1 ,Total.
Gold.
Silver.
lotal.
Silver.
Gold.
4 6 3 , o f w h ich $ 4 6 ,9 0 0 ca m e fro m th e fr e ig h t rev en u es
£
£
£
£
£
£
24,692,700
25,677.882
England........
an d th e rem a in d er from p a ssen g e rs, m a il, ex p r e ss, etc . France........... 25,677,882 50,839,845 119,275,750 24.692.700 51.038.747 118,731.497
67,692,750
68,435,911
A g g r e g a te e a rn in g s fo r th e m o n th are $ 1 ,8 3 0 ,5 9 4 Germany...... 30.402.000 10.134.000 40.536.000 32,685.000 10.896.000 43.680.000
Aust.-Hung’y 10.229.000 16.096.000 26.325.000 10,708.j00 16.840.000 27.518.000
a g a in st o n ly $ 1 ,5 5 1 ,7 1 2 in 1 88 9, w ith th e m ile a g e su b Netherlands.. 8.883.000 6.925.000 10,308,>00 3,168 000 7.031.000 10.199.0C0
4,043,000
1.572.000 4,716,- 00
s ta n tia lly th e sam e. W e are also ab le to g iv e to -d a y Nat. Belgium. 2,695,338 1,347,667 14.730.000 3.144.000 5.149.000 12.700.000
7.611.000
7.918.000 6.812.000
th e re tu r n o f n e t ea rn in g s fo r th e m o n th o f O ctob er. Spain.............. 148,741,126 92,154,512 240.895.638 149,701,450 92.525.747 242.227,197
Tot. this week
T h a t w as th e c lo sin g m o n th o f th e F a ir , w h en , as w ill > Tot. prev.w’k 147.790,294 91.550,232 289.340.526 149.9 9.-40 92 828 5.30 242 537 670
D ecember B, 1893, j
THE CHRONICLE.
CU RRENCY P R O P O S A L S B Y THE
P R E S ID E N T.
O a r in te r e st in th e P r e sid e n t's M essag e a n d a cco m
p a n y in g rep o rts c e n te r s c h ie fly in th e su g g e stio n s an d
fa c ts th e y co n ta in a ffe c tin g th e c o u n tr y ’s fin an ces.
F o r e ig n r e la tio n s h a v e to o , j a st a t p re se n t, a p ec u lia r in
tere st b eca u se o f th e n ew an a e n ta n g lin g a llia n ces w h ich
th is co u n try h as o f la te b een fo rc ed to a ssu m e. N o on e
w ill fa il to read w ith care th e sh o rt p aragrap h in w h ic h
th e P r e sid e n t s e ts o u t th e c o u n tr y ’s p o sitio n w ith refe r
en c e to S am oa. W e h av e little d o u b t th a t a t le a st th e
la ter fa c ts in th e n arration w ill h e a s ta r tlin g re v ela
tio n to a la rg e n u m b er o f our read ers. ' B a t w e pass
th o se m a tters.
W e also lea v e w ith o u t n o t h e th e ta riff prop osals,
th o u g h in a sen se all ta x a tio n h a s a b ea rin g on th e
fin an cial sta tu s o f th e G o v ern m en t. L a rg er or sm a ller
C u sto m s d u tie s h o w ev er co n cer n m ore th e g en era l
q u estio n o f m eth o d o f ra isin g in co m e th a n th e p rob lem
of w ays an d m ean s fo r in cr ea sin g a re v en u e p r o sp e c t
iv e ly as w ell as tem p o ra rily 3hort— an o b v io u s a n d im
p era tiv e step u n d er an y a d m in istra tio n or sy stem o f
ta x a tio n . Of co u rse w ith referen ce to tariff o p in io n s
an d p u rp o ses n o on e e x p ected P r e sid e n t C levelan d
w o u ld u rg e v iew s a n y d iffe r e n t fro m th o se h is m essage
co n ta in s, as h e w as ele c te d on th e issu es o f cu rren cy
an d tariff rev isio n . H e h as alread y a id ed in su r
m o u n tin g th e le a d in g o b sta cle in th e w ay o f th e
form er and n o d o u b t w ill labor w ith eq u al zeal w h ile
h is a d m in istra tio n lasts in h e lp in g to effect th e la tter.
O m ittin g co n se q u e n tly from ou r th o u g h t th e refe r
en c es in th e m essa g e to tariff re v isio n , lea v es th e
ob serv a tio n s re sp e c tin g th e cu rren cy th e p r o m in e n t
fea tu re . T h e su g g e stio n s m ad e on th a t su b je c t are n ot
o n ly im p o r ta n t b u t sig n ifica n t an d s a tisfy in g . N o on e
can fail to ob serve th eir em in e n tly co n serv a tiv e ch aracter.
In a very im p o r ta n t p a rticu la r thi3 a sp ect and co n d i
tio n h as b een favored by th e a c tio n ta k en a t th e ex tra
session o f C o n gress w h ich clo sed a b o u t a m o n th ago.
H o w u n ifo r m ly o f la te years h ave fin an cial cir cles, on
th e c o m in g to g e th e r o f ou r N a tio n a l L eg isla tu re,
b een d istu rb ed by official su g g e stio n s an d d ev ices w ith
referen ce to silv e r cu r ren cy , a lw ays n o d o u b t in serted
w ith a co n se rv a tiv e in te n t o f h e a d in g off som e th r e a t
en ed leg isla tio n co n c e iv e d to be w orse. B u t y e t, w h a t
ever th e reason or e x cu se, th ere it has b een co n sp ic u
o u sly d isp la y ed , a rem in d er o f th e d a n g er w e w ere in
and o f th e g reater d a n g er th rea te n ed so lo n g as C o n
gress w as in sessio n . W h a t a blessed r e lie f it is th a t
n o th in g o f th a t k in d is n e e d ed a n d n o th in g o f th a t
k in d i3 fo u n d th is year in a n y p u b lic d o c u m e n t. T h e
g e n era l fear in co n serv a tiv e circles a n d th e n a tio n a l
h u m ilia tio n w h ic h th a t b lin d an d ig n o ra n t fren z y
ca u sed h a v e b oth p assed in to h isto ry . T h is ab sen ce
w e fe e l is p a rticu la rly s a tisfy in g .
A n o th e r im p o r ta n t fe a tu r e , o n e w h ich n o t o n ly
p u ts P r e sid e n t C lev ela n d c o m p letely in to u ch w ith
co n serv a tiv e cla sses b u t a lso sh o w s h is clo se stu d y o f
b u sin ess affairs and fa m ilia r ity w ith th e s itu a tio n , is th e
d ela y su g g ested in fa r th e r cu rren cy le g isla tio n . H is
w ords a r e,— a fter c itin g a ccu ra tely th o u g h v e ry briefly
th e p resen t cu rren cy su r r o u n d in g s,— f<in th ese c ir cu m
sta n ces I am co n v in ce d th a t a reaso n ab le d ela y in
d e a lin g w ith th is su b je c t in stea d o f b ein g in ju rio u s
w ill in crease th e p ro b a b ility o f w ise a c tio n .” T h e
P resid en t ra th er h in ts a t th a n sta te s fu lly th e m o tiv e s
w h ich h av e le d to th is su g g e stio n . In th e first p la ce
h e says a great change has ju s t been made in sto p p in g
959
silv er p u rch a ses an d w e ca n n o t k n o w a t th is tim e
p recisely w h a t re su lts w ill be b ro u g h t a b o u t by th e
ch a n g e. T h e n h e says a g a in , C o n gress w o u ld d o h a t
ter b efo re it a c ts to a w a it th e c o m p lete re -e sta b lish m e n t
o f co n fid en ce, an d to w a it u n til th is resto red co n fid en ce
h a s re tu r n ed iCth e m o n e y , w h ich h as b een fr ig h te n e d
in to h o a rd in g p la ces, to tra d e a i d e n te r p r ise .” A fte r
th is resto ra tio n h e ad d s th a t “ a su rv ey o f th e situ a tio n
w ill p rob ab ly d isclo se a sa fe p a th le a d in g to a p e r m a n
e n tly so u n d cu rren cy a b u n d a n tly su ffic ien t to m eet,
ev ery re q u ire m e n t o f ou r in c r e a sin g p o p u la tio n an d
b u sin e ss.”
W e th in k ou r read ers w ill fu lly ag ree w ith u s in
c o m m e n d in g w ith o u t q u a lific a tio n these! sta te m en ts
an d th is co n c lu sio n . T o re a lly a p p recia te th e an o in a lou s sta te o f m o n e ta ry affairs th a t e x ists, th e e x
p er ien c e in th e m a tter o f reserve w h ic h th e N e w Y o r k
b an k s are p a ssin g th r o u g h is in str u c tiv e . T h e situ a tio n
o f th ese in s titu tio n s ca n h e a c cep ted as ty p ic a l o f th e b an k
situ a tio n a t a ll la r g e tra d e cen ters. O a th e 12 th o f ‘
A u g u st w h en d istr u st was a t its h e ig h t th e cu rren cy h o ld
in g s o f ev ery d e sc r ip tio n rep orted by ou r C lea rin g H o u se
b an k s w as $ 7 6 ,5 0 5 ,5 0 0 ; la s t S a tu rd a y , D ecem b e r 2 , th e
a g g reg a te cu r ren cy h o ld in g s o f th e sam e in s titu tio n s
reach ed th e p h en o m en a l to ta l o f $ 1 9 7 ,9 3 3 ,2 0 0 . W h a t are
th e cau ses o f th is w o n d erfu l a c c u m u la tio n an d w h a t d o es '
it b eto k en ? S o m e p eo p le lo o k upon th e c h a n g e as
sim p lv a m ea su re o f trad e d ep ressio n . N o d o u b t it is
an in d ic a tio n o f d u ll tra d e, h u t th a t is o n ly in p a r t,
p erh ap s in sm a ll p a rt, th e e x p la n a tio n . D is tr u s t, in a
m a lig n a n t fo rm , as ev ery on e w ill a d m it, w as th e ca u se
o f th e sm a ll to ta l in A u g u s t ; re lie f fro m chat d istr u st,
th a t is to say r e tu r n in g co n fid en ce, m u st c o n se q u e n tly '
be in la rg e d eg ree th e o cca sio n o f th e p resen t a c c u
m u la tio n . S till a n o th e r c o n d itio n w h ich h as op erated
to en la rg e th e v o lu m e o f reserv es h a s b een th e in
creased sto c k o f cu rren cy afloat. A c c o r d in g to th e
T rea su ry D e p a r tm e n t’s figu res th e to ta l “ in c ir c u la
tio n ” J a n u a ry 1, 1 87 9, w h en w e resu m ed sp ecie p a y
m en ts, was o n ly $ 8 1 6 ,2 6 6 ,7 2 2 , a n d in 188 5, th e year o f ’
our la st serio u s d ep ressio n , w as, say on J u n e 3 0 th , ■
$ 1 ,2 9 0 ,2 3 3 ,2 8 4 , w h ereas on D e c e m b e r 1, 1 8 9 3 , th e
total in c ir c u la tio n was rep o rted b y th e sam e a u th o r ity
a t $ 1 ,7 2 6 ,9 9 4 ,2 9 0 .
S u c h figu res as th e fo r e g o in g
afford in p a rt th e e x p la n a tio n fo r P r e sid e n t C le v ela n d ’s
co n clu sio n w h en h e su g g e sted d ela y in fo r m u la tin g a
n ew cu rren cy sy ste m . T h e y d isclo se th ree in flu en c es
op era tin g to g e th e r to in d u c e th e la r g e a c c u m u la tio n s
o f reserve ( i ) d ep ressed tra d e, (2 ) r e tu r n in g co n fid en ce
and (3) e n la rg e d v o lu m e o f cu rren cy afloat.
B a t th e m o r e im p o r t a n t p o in t is t h a t th e P r e sid e n t e v i
d e n tly lo o k s fo r fu rth er d ev elo p m e n t in a lik e d ir e c tio n
o f th e tw o in flu en ces la s t m en tio n e d . T h is is a le g iti
m a te c o n c lu sio n from th e s u g g e stio n th a t a d d itio n a l
tim e is n e e d ed b efo re w e ca n k n o w w h a t th e co u n try ’s
w ants are in th e m a tter o f a cu rren cy d ev ice. H e says in
su b sta n ce th a t w e ca n n o t te ll as y e t ( l j w h a t th e r e
p ea l m easu re h a s a c co m p lish ed , n or (2 ) w h a t is th e e x - '
te n t o f th e m o n ey h oa rd ed d u r in g th e years o f d istr u st
w h ich th e fu ll resto ra tio n o f co n fid en ce w ill re-*
tu rn to co m m erce. T h ese th o u g h ts are w o rth y o f
stu d y . T h e figu res w e h a v e c ite d ab ove, w h en fu r th e r
a n a ly zed , w ill b e fo u n d u se fu l for th a t p u rp ose. N o t e ,'
fo r in sta n c e , w h a t is th e ex a ct sta te o f our sto ck o f
m o n ey a n d h o w th e reserve in s ig h t sta n d s
in rela tio n to th a t sto c k an d to p rev io u s o c
ca sion s o f tra d e d ep ressio n . S ep a ra tin g th e g o ld an d
cu rren cy in la st S a tu rd a y ’s reserve h o ld in g s w e
find th e to ta l ($ 1 9 7 ,9 3 3 ,2 0 0 ) w as m ad e u p o f $ 1 0 4 ,-
960
THE
CHRONICLE.
368,800 gold and $93,564,400 currency. The largest
aggregate reserve our banks have previously held at
a time of serious depression was on July 18th, 1885,
when the total reached $161,544,300; separating that
total the same as the foregoing, we find the gold
$116,346,200 and the currency $45,198,100. This is
a striking difference.
Let us however carry the comparison one step
further. The Treasury estimate of gold in the United
States December 1, 1893, was $666,180,139, against
$588,697,036 June 30th, 1885 ; on Drcember 1, 1893,
there was in the Treasury only $82,959,049' net gold
and on June 30th, 1885, there was in the Treasury
$120,298,895 net. These results show that although
there was $583,221,090 gold afloat (that is outside of
the Treasury) on December 1st, 1893, our New York
Banks held only $104,368,800 of it; whereas in
1885 the same banks held $116,346,200 gold out
of a total afloat of only $468,398,141. Or perhaps it
will be a more intelligible method of disclosing the
comparative situation if we state that there
was on December 1, 1893, out of a total gold stock of
'$666,180,139 in the country, only $187,327,849 in sight
in the Treasury and in the New York banks. On June
30, 1885, out of a total stock of $588,697,036 there was
in sight in the Treasury and in our banks $236,645,095.
We have not space to-day to give similar figures with
reference to the stock of currency. But the above is
sufficient to see the pertinency of the President’s sug
gestion, that it is better to wait a while before formu
lating a currency system— wait as he says until confi
dence is fully restored and the money hoarded during
the years of distrust is returned to commerce. At that
time and under those conditions we can reach a wiser
judgment as to what the country needs.
There is still another ground more deserving of
notice than any heretofore mentioned for believing
that delay in providing a new currency device is most
desirable, and if the opportunity is improved will
greatly aid in perfecting a wise system. What is first
demanded is preparatory w7ork on the part of our
legislators—a thorough investigation into the character,
action and influence of the paper money we already
have in use. Until that is completed those who have
the matter in hand are in no condition to begin revis.
ion. For illustration, observe the striking feature in
monetary affairs which in our previous remarks we have
so often referred to; we mean the phenomenal leserve
held by the banks of New York City. The accumu
lation is not the world’s money, gold, but currency and
-gold. Our usual industrial activity is in a large meas
ure suspended. There is consequently but little work
for these tools of commerce and especially for currency,
the instrument for effecting our domestic exchanges, and
yet there is no arrangement for temporarily retiring the
surplus paper money. Hence, being out of occupa
tion these idle notes in their search for employment
'tend towards this and other large centres of trade and
our money market becomes congested.
What is the effect of this abnormal condition ?
The situation is interesting, suggestive and instructive,
hut must be studied to be understood—studied among
our practical bankers who are far better able than
mere theorists to indicate the character of the disturb
ance caused. A first fact is that foreign exchange has
gone up to the gold-exporting point. This too it should
be remembered has happened when our merchandise
trade balance is at the same time very largely in our
favor. What has induced that turn? Every dealer in
LVol. l v d .
foreign exchange will say it is caused simply by the
over-supply of domestic currency held by our banks,
which has depressed the rates for money until interest has
become merely nominal. The change is consequently a
wholly natural movement for relief. As the currency
cannot be retired and cannot be exported, and as the
situation is an over-supply of money, and as the
only kind of money that can go elsewhere is gold, rates
for foreign exchange advance and an outflow of gold
sets in. Do not these few facts show that there is
something radically wrong in a paper money system
that induces such conditions? Furthermore, is it not
evident that the defect lies in having a system under
which the machinery for note issues is not so contrived
as to automatically carry the notes back to the issuer
and keep them there in readiness for home uses while
business is slack and the paper is not needed for mak
ing domestic exchanges?
We have mentioned only one of the forms in which
this defect in our present currency system operates to
our harm. There are others, but we have not space to
enumerate them to day. We have accomplished what
we set out to do if we have made it clear that every
one of the paper money systems we at present have is
faulty and that in devising a new system it is not the
only point to consider whether the notes are safe. That
feature is important; but if the notes have not the
homing quality they are defective in a most important
particular.
COU RSE
O F T R U N K L I N E IN C O M E — T H E
LESSO N A N D THE NEED.
The course of trunk line income from year to year,
as revealed in the annual reports of the different com
panies, is always interesting. This year it is not only
interesting but instructive, and instructive beyond the
usual measure. The roads are confronted by new
conditions. The business situation, which for
a decade or more has favored the steady enlarge
ment of railroad traffic and income, has changed.
Trade is now on a greatly contracted scale, and re
trenchment and economy are the order of the
day in every line of industry. The trunk lines as
the principal arteries of commerce between the seaboard
and the interior are feeling this cessation of activity in
a marked degree. None are escaping the effects, while
some are suffering extraordinarily heavy losses. How
long the unfavorable situation is to continue is a matter
regarding which opinions may differ. Of the fact
itself, however, and the need of adjusting railroad
operations to it, there can be no doubt. Certainly
under the circumstances one would expect the utmost
conservatism in management, with every effort upon
the part of those in control to secure full and remuner
ative rates. Instead of that, what do we find? Cuts
in rates announced in one class of freight after another,
with east-bound tariffs utterly demoralized— and this too
at the very time when, according to previous agreement,
rates were to have been rigidly maintained.
We propose to-day to show the course of earnings of
the leading trunk lines for the last twelve or thirteen
years, or say since the resumption of specie payments,
to indicate how great has been the gain in aggregate
gross earnings in this interval, and how small the gain
in aggregate net earnings; to set out the causes re
sponsible for the poor net results, and to
direct attention to the obvious lessons and teachings
of such results, with the duties and obligations
THE
D ecem ber 9, 1893.j
C H R O N IC L E .
re g a rd in g th e fu tu r e w h ic h th e y im p o se u p o n
th e tr u n k lin e m ar agt r?, n o w th a t th e n o rm a l
ten d e n cy h a s b ee n rev ersed a n d th e v o lu m e o f traffic
is d im in is h in g in stea d o f p r o m isin g , as in p a st years,
ste a d y ex p a n sio n . T h e p u b lic a tio n la s t w eek o f th e
an n u a l rep ort o f th e E rie fo r th e year e n d in g S e p t. 30,
1 89 3, fu r n ish e s th e o c ca sio n fo r th e co m p a riso n s we are
a b o u t to p resen t. T h e E rie is th e o n ly on e o f th e
tru n k lin e s le f t w h o se fiscal year en d s w ith S ep tem b er,
N o t so lo n g a g o , h o w ev er, sev era l o f th e o th e r lin es
also b ad th a t fiscal year, an d as it is d esira b le to ex te n d
th e a n a ly sis b ack in to th is ea rlier p eriod a n d to h av e
th e figu res fo r all th e road3 fo r a u n ifo r m d a te, w e
reta in th a t fiscal year as th e b asis o f ou r c o m p il
a tio n s, th e sam e as in th e p ast. T h e roads em b raced
in ou r a g g reg a te s are th e P e n n sy lv a n ia lin e s ea st o f
P ittsb u r g a n d E r ie , th e N ew Y o rk C e n tra l, th e L ake
S h o r e & M ich ig a n S o u th e r n , th e N e w Y o rk C h ica g o &
S t. L ou is, th e B a ltim o re & O h io , and th e E rie w ith
th e N e w Y o r k P e n n sy lv a n ia & O h io.
A fea tu re o f tr u n k lin e in co m e in p rev io u s years had
b een th e u n in te r r u p te d rise in gross ea r n in g s year a fter
year— in season s o f poor crop s an d goo d crop s a lik e . It
w ill, h o w ev er, co m e so m ew h a t as a su rp rise to hear
th a t e v en in th e la te y ea r th ere w as a fu r th e r sm a ll rise
— a b o u t 2 } m illio n d olla rs. T o be su re th is year
co v ered five m o n th s o f th e W o rld ’s F air, w h ich ga v e so
m u ch e x tr a p a ssen g er traffic to th ese lin es. B u t it
a lso co v ered th e p erio d o f th e p a n ic a n d in te n s e d e
p ressio n in b u sin ess. A s a m a tter o f fa c t th e g ain
sh o w n o ccu rred n o t in th e la tte r p art b u t in th e ea rly
part o f th e year. A s a re su lt o f th e fu r th e r g a in , the
a g g r e g a te o f th e gross ea r n in g s o f th e roads ta k en h as
b een ra ised to 1 2 0 1 ,8 5 7 ,5 9 8 , b e in g th e first tim e th a t
it h as e x ceed ed tw o h u n d red m illio n d o lla r s— a to ta l of
co n rse o f la rg e d im en sio n s, an d sh o w in g a t o n ce the
m a g n itu d e a n d th e im p o r ta n ce o f tr u n k lin e r e v e n u e s ;
in th e y ea r p re ced in g th e g ro ss ea rn in g s o f th e sam e
roads w ere # 1 9 9 ,6 4 9 ,9 1 0 , th e year b efore # 1 8 8 ,8 3 6 ,8 1 1 .
N e t ea r n in g s m a k e a so m ew h a t d iffere n t e x h ib it. For
189 2-93 th e y fo o t u p # 5 9 ,5 1 7 ,9 6 0 ; for 1891 92, $ 5 9 ,2 6 7 ,8 1 4 ; fo r 1 8 9 0 -9 1 , # 6 0 ,4 4 7 ,8 7 8 . B u t on th is p oin t
th e co m p a riso n b eco m es m ore str ik in g if w e g o
fu r th e r b ack . T h e fo llo w in g ta b le in d ic a te s th e gross
a n d n e t ea rn in g s o f th is b o d y o f road s for ea ch year
from 1 87 9-80 to 1892 93 in clu siv e .
TRUN K L IS E BAH SI.SOS T E A R E S D IS O S E P IE M B E R 3 0 .
Tmr.
1079-80... - ......
1880-81.............
1881-8 3 .............
1882-83...............
1888-04..-,
1884-85.............
1880-86 ..............
Qrtm.
*
184,148,906
160,240,210.
139,152,307!
152,717,243!
142,037,073
127,654 .*00
142.003,929
AX.
4
56.094.059
53,494,491
90*888,407
58,189,W
50.592,871
40.052,945
£0,709,413
Tmr.
Qro**.
\
Net,
*
8
50,113,773
188687................. ..................... ...
53,399,110
188788 ... .. ...164,052.035
1838-89............ . 166,704,936 54,168.552
r8 8 0 -0 0 ........ 181,611,088 58,559,240
1806-01 .............. 188,886,811 60,447,878
1891-92.,.. . . . . . . 199,640,910 50,267,814
892-93........ .. 20!,867,608 59,517,000
J
I t w ill be ob served th a t in 1 8 8 4 -5 b o th g ro ss a n d n e t
ea rn in g s w ere very low ; th a t, h o w ev er, w as n o t a n or
m al y e a r, th e fa llin g off b ein g th e re su lt o f th e tru n k
lin e w ar p r e v a ilin g a t th a t tim e . N e v e r th e le ss it is
im p o ita n t to n o te th a t sin c e th e n g ro ss r e c e ip ts h av e
in n o year fa ile d to sh o w an in crea se, th o u g h in som e
years th e in crea se w as sm a ll, th e to ta l a d d itio n in th e
e ig h t years r e a ch in g 7 4 } m illio n d olla rs. C o m p arin g ,
h ow ever, w ith 1 8 8 2 -8 3 , ju s t a d ecad e a g o , as fu r n is h
in g a m ore n ea rly n o rm a l basis o f co m p a riso n , w e find
th a t in th is p eriod gross ea rn in g s h a v e risen fro m 1 52J
m illio n d olla rs to 2 0 1 } m illio n d olla rs, b u t n e t ea rn in g s
o n ly from # 5 8 ,1 8 9 ,2 8 6 to # 5 9 ,5 1 7 ,9 6 0 — th a t is, w h ile
th ere w as an a d d itio n o f over 49 m illio n d o lla rs to th e
g ro ss ea rn in g s th e a d d itio n to th e n et ea rn in g s was b u t
961
lit t le over a m illio n d olla rs. If w e co m p a re w ith
1 8 7 9 -8 0 , th e sh o w in g is m u c h th e sam e; in th i3 p e r io d
o f th ir te e n yea rs gross e a rn in g s h a v e risen fr o m $ 1 3 4 ,1 4 6 ,5 5 5 to $ 2 0 1 ,8 5 7 ,5 9 8 ; n e t ea r n in g s h a v e risen o n ly
fr o m $ 5 6 ,9 3 4 ,6 5 9 to $ 5 9 ,5 1 7 ,9 6 0 . F o r th e p u r p o se of'
in d ic a tin g th is fe a tu r e o f th e re su lts m ore c le a r ly , w e
h a v e ta k e n fr o m th e fo r e g o in g ta b le a n d g iv e h er e th e
resu lts for th e years 1 8 7 9 -8 0 , 1 8 8 2 -8 3 , 1 8 8 9 -9 0 a n d
1 8 9 2 -9 3 a lo n e.
AGGREGATE EARNINGS OF LEADING TRUNK LINKS.
1879-80.
j|
*
Gross earn in ss..134,146,555
E x p en ses-...'.. - 77,211,896
1882-83.
l|
j
152.717.243
91,527.957
Net earning* . 56,934,659
58,189,286
1889*90.
1'
1892-93, *
181.611,083 2 0 !,8 5 7 ,5 9 8 :
125,051,843 142,339,638
56,559,240
59,517,960
W h y h as th e la rg e a d d itio n to gross r e v e n u e s b een '
p r o d u ctiv e o f so lit t le a d d itio n to n e t re v en u es ? T h e'
an sw er is sim p le en o u g h , a n d h a s b ee n m an y tim e s
g iv e n in th ese co lu m n s. T h e roads h av e b een o b lig ed
to a c cep t ste a d ily d e c lin in g rates a t th e sam e tim e th a t
em p lo y ees h a v e b ee n a sk in g larger p ay an d th e p u b lic
hag b een in s is tin g on in crea sed a cco m m o d a tio n s, b e tte r
serv ice an d fa ste r an d m ore fr e q u e n t tra in s. T h u s o n
th e on e h a n d th ere h a s b een a te n d e n c y tow a rd s d e
creased co m p e n sa tio n for tra n sp o r ta tio n serv ice a n d
on th e o th er h a n d a te n d e n c y tow a rd s a n in crea se in
th e co st o f re n d er in g th e se rv ic e, th e c o m b in e d e ife c t
o f w h ich h a s b ee n to c u t th e m a rg in o f p ro fit n arrow er
a n d n arrow er.
B u t th e situ a tio n n o w is ch a n g ed . H ith e r to d e
m an d s fo r en h a n ced w ages, or for low er ra tes, or for i n
creased a c c o m m o d a tio n s, h a v e rested m a in ly o n th e fact,
th a t th e v o lu m e o f traffic w as large and g r o w in g , an d th is
m ad e it d iffic u lt to resist th e d e m a n is . N e t e a r n in g s
m ig h t be u n sa tisfa c to ry , b u t th e p u b lic lo o k e d o n ly to th e
a m o u n t o f b u sin ess th a t w as b e in g d o n e ; th e y saw th a t
th e roads w ere ea ch y e a r m o v in g m ore fr e ig h t a n d m ore
p jssen g ers th a n ev er b efore, a n d th e y to o k th a t as a n
in d ic a tio n o f g rea t p ro sp erity . N o w , h o w ev er, ev ery
b u sin ess m an an d ev ery la b ir e r k n o w s th a t trad e is d ex
p ressed , an d th a t th e roads are h a n d lin g a g rea tly d i-.
m in ish ed a m o u n t o f traffic. T h e p u b lic u n d e rsta n d ,
too, th a t su ch a situ a tio n forces a b so lu te eco n o m y u p o n
th e m a n a g em en ts an d m ak es n ecessa ry a g r e a t co n tr a c
tion o f th e o u tg o es o f th e road s. I t is r e co g n ized th a t
u n d er th ese cir cn m sta n ces th e rqads m u st r e str ic t
service rath er th a n in crea se if, m u st ta k e fu ll ra tes
in stea d o f m a k in g co n cessio n s, a n d m ay h a v e to lo w er
w ages ra th er th a n in crease th em .
O b v iou sly, th er e fo r e , th o u g h tra ffic c o n d itio n s are
u n fa v o ra
160,440,389 b le, th ere is th u s a re d eem in g fea tu re in th e
o u tlo o k , a n d o n e to o th a t h a s a n im p o r ta n t b ea rin g
u p on th e w h o le fu tu r e o f U n ite d S ta te s ra ilroad s. U p
to th e tim e o f th e p a n ic th e m o st serio u s fa cto r in th e
affairs o f th e road s w as th is c o n sta n t te n d e n c y o f ra tes
to d e c lin e an d th e c o in c id e n t te n d e n c y o f ex p en ses to rise,
an d th e ap p a ren t im p o ssib ility o f a rrestin g eith e r on e.
W ith th e tw o m o v e m en ts c o n tin u e d , th e co n se q u en c es
m u st h ave b een very d isastrou s. T h e e v e n ts o f th e
la st few m o n th s h av e n o t o n ly a rrested b o th te n d e n c ie s
b u t h av e a b so lu tely reversed th em , a n d th e re su lt is
sure to be fa r-re a ch in g , b o th in th e im m e d ia te a n d th e
rem ote effects— im m ed ia te in a c tin g as an o ffset to th e
p resen t loss o f traffic an d gross reven u es, an d rem o te in
a ffo rd in g th e road s a n o p p o rtu n ity w h en b u sin ess re
v iv es o f o n ce m ore a d d in g to th e ir gross rev en u es w ith
o u t b ein g o b lig ed to a u g m e n t ex p en ses in eq u al or larger
a m o u n t.
B u t tb e sla sh in g o f ra tes n ow g o in g on in tro d u ces
an en tir e ly n ew fa cto r in th e situ a tio n , an d th e q u es-
962
THE
CHRONICLE.
rvou lvii
tio n arises, are th e a d v a u ta g es h ere en u m e r a te d to be $ 6 ,1 5 2 ,9 3 0 to $ 7 ,3 2 2 ,2 5 6 ; in 188 2 -3 th e road h a d n e t
n eu tr a lized b eca u se o f str ife an d d isa g r e e m e n t a m o n g | o f $ 8 ,7 0 5 ,8 2 3 . T h e N ew Y o rk P tn r s y lv a n ia & O hio
th e ro a d s? W e are w ell aw are th a t as th e v o lu m e o f ( h as in cr ea sed its n e t d u r in g th e five yea rs fro m $ 1 ,7 4 5 ,traffic is red u ced th ere is less to g o ro u n d , an d h e n c e 963 to $ 2 ,0 5 9 ,9 6 0 , b u t if co m p a riso n w ere m ad e w ith
th e te m p ta tio n to c u t ra tes in ord er to g e t a lit t le m ore 1886 87 th e p re se n t to ta l w o u ld sh o w a sm a ll loss on an
o f th e b u sin ess is g r ea tly in crea sed . I t is ju s t a t su ch in cr ea se in g ro ss o f over a m illio n dollars. T h e N ic k e l
a tim e , h o w ev er, th a t th e m a in te n a n c e o f ra tes is m o st P la te in co m p a riso n w ith th e sam e year w o u ld sh ow
essen tia l. A sm a ll a m o u n t o f traffic is b ad e n o u g h , o n ly a sm a ll g a in in n e t o n an in crea se in g ro ss o f 2^
b u t w h en co m b in ed w ith c u t ra tes it ca n o n ly e v e n tu a te m illio n d o lla rs.
in ru in . I t is th erefo re in c u m b e n t u p o n th o se in
C O N D IT IO N O F A T C H IS O N T O P E K A &
c o n tr o l o f th ese im p o r ta n t p ro p erties to see th a t tariffs
SA N TA FE.
are sp eed ily resto red . R ates sh o u ld b e p u t u p o n a
T h e rep o rt o f th e A tc h iso n C o m p a n y co m es at a
re m u n era tiv e b a sis, a n d n o d e v ia tio n s fro m a g reed
sch ed u les sh o u ld be a llo w ed . A v io la tio n o f th e a g r ee tim e w h en its se c u r itie s h a v e a g a in b een th e su b je c t o f
m e n t by a n y official, h ig h or lo w , sh o u ld be fo llo w ed a tta c k a t th e S to c k E x c h a n g e , u p o n ru m o rs th a t th e
b y su m m a ry d ism issa l. S e c u r ity h o ld ers are n o t in th e co m p a n y w as fin a n c ia lly em b a rrassed a n d w o u ld h a v e
m o o d to see th e ir in v e stm e n ts fu r th e r im p a ired . T h e y to g o in to th e haL d3 o f receiv ers. T h e se ru m o rs h a v e
b een c ir c u la te d so fr e q u e n tly an d so p e r sis te n tly d u r in g
h a v e su ffered to o m u c h a lrea d y .
W h ile o n th is su b je c t o f th e co u rse o f tr u n k lin e in th e la st fe w m o n th s, b e in g k ep t a liv e e v e n in th e fa ce
c o m e , it w ill be in te r e stin g to g iv e th e fig u res fo r th e o f official d en ia ls, an d h av e so in v a ria b ly b een a tte n d e d
se p a r a te road s. In th is ca se th e w id th o f o u r co lu m n s b y sh arp a ssa u lts on th e p ric es o f th e c o m p a n y ’s sto ck s
a llo w s us to e x te n d th e co m p a riso n b a c k o n ly to 188 7 -8 8 . an d b o n d s, th a t it is h ard to a vo id th e co n c lu sio n th a t
spt c u la to rs are m a k in g a d esp era te effo rt to fo r c e th e
1890-91.
1891-92.
1892-93.
1888-89.
18S9-90.
1887-88.
c o m p a n y in to em b a rra ssm en t, h o p in g b y d e p r e c ia tin g
Pennsylv —
*
*
$
$
$
$
Earnings.. 57,674,621 59,483,709 05,890,009 00.685,212 08,498,471 08,547,038 th e m a r k e t v a lu e o f its secu r itie s to so w e a k en th e
Expenses. 39,117,513 40,160,394 45,499,685 44,838,564 47,971,537 48,929,477
c r e d it o f th e co m p a n y as to d estro y its b o r ro w in g
N e t....... 18,857,108 19,323,315 20,390,824 21,851,048 20,520,934 19,017,501
c a p a c ity and in d u c e len d ers to r e fu se to re n ew th e ir
S . Y. Cent.T
Earnings— 30,132,920 35,696,230 30,327,437 40,725,86f- 45,057,234 47,081,940 lo a n s to it. A ll h o n e st m tn w ill re jo ice, w e th in k , th a t
*Expenses. 24,626,338 23,710,543 24,350,471 20,790,33c 31,880,631 *32,116,357
th e effort h a s so sig n a lly fa ile d , e sp e c ia lly as o n th is
Net....... 11,506,582 11,985,693 11,970,906 13,935,5cL 13,770,603 14,965,589
o cca sio n th e a tta c k was a p p a ren tly p la n n e d w ith c o n
N.Y.C.&StL
5,059,054 4,908,915 5,015,044 0,099,278 6,800,186 0,802,504 sid era b le sh rew d n ess, fo r M r. M a g o u n , th e C h a irm a n
Earnings..
^Expenses. 4,074,305 3,920,759 4,460,912 5,090,203 5,171,550 5,556,783
o f th e B o a rd , is co n fin ed to h is h o u se b y illn e ss an d
Net........
985,289
988,150 1,148,132 1,003,075 1,128,030 1,305,781
P r e sid e n t R e in h a rt is a t p resen t in E u ro p e u p o n official
L.S.&Mich.S
T h e h op e c o n se q u e n tly seem s to h a v e b ee n
Earnings.. 18,558,480 18,072,484 20,684,513 21,107,28* 82,300,852 23,990,631 b u sin ess.
*Expenses. 11,531,573 12,079,319 14,255,955 14,346,061 15,295,792 17,183,773
th a t in th e a b sen ce o f th e se officia ls it w o u ld be d iffi
Net.......
7,020,907 6,593,165 6,428,558 6,700,618 7,011,000 0,856,858
c u lt to c h a lle n g e th e sta te m e n ts r e fle c tin g u p o n th e
(c)Erie—
H o w ev e r, th e ca b le is
Earnings.. 20,495,802. 20,249,188 21,447,9V9 22,613.934 23,043,292 22,218,344 co m p a n y ’s fin a n c ia l p o sitio n .
*Expenses • 13,371,465 13,208,845 14,021,301 15.337,983 16,050,437 14,828,3b9
still in w o rk in g ord er, an d w h en co m m u n ic a tio n w as
Net........
7,124,337 7,040,343 6,826,638 7,275,951 7,592,845 7,389,955
o p en ed w ith M r. R e in h a rt a re p ly was p r o m p tly
N.Y.Pa. & O
Earnings . 0,377,907 0,391,302 7,233,9S5 7,074,842 7.209,717 7,379,349 fo r th c o m in g d e n y in g th a t th ere w as a n y b asis o f tr u th
^Expenses. 4,032,004 4,645,580 4,884,589 4,905,953 5,410,347 5,319,389
fo r th e sta te m en ts.
N et........
1,745,903 1,745,722 2,340,396 2,108,889 1,788,s;o 3,059,960
I t w ill be a d m itte d , w e th in k , th a t th e fin a n ces o f
Balt. < O —
fc
Earnings.. 20.353,491 21,303,002 24,412,090 24,530,395 20,034,108 25,777,726 th e co m p a n y h a v e b een v ery s k illfu lly h a n d le d , an d
^Expenses 14,200.561 14,810,844 10,900,870 17,078,233 18,595,802 18,455,470
th a t th e p ro p erty h as p a ssed th r o u g h th e la te cr isis a n d
Net........
0,152,930 6,492,158 7,445,220 7,452,102 7,438,306 7,322,250
fin an cial d istu rb a n c es w ith cr e d it to its e lf a n d to its
Total of A llI t is o n ly a lit tle w h ile a go th a t th e
Earnings.. 164,952,935 160,704,836 181,011,083 188,836,811 199,649,910 201,857,598 m a n a g em en t.
Expenses.. 111.553,819 112,530,284 125,051,843 128,388,933 140,382,090 142,839,638
sta te m e n t w as m a d e th a t th e co m p a n y w o u ld be u n a b le
Net....... 53.399,116 54,168,5^2 50,559,240 00.447,878 59.267.814 59.517,960
to e x te n d th e $ 7 ,0 0 0 ,0 0 0 o f G u a ra n tee F u n d N o te s
•Partly estimated.
; Including taxes on property.
w h ic h f e ll d u e th e 1 st o f N o v e m b e r , or to p ro v id e fo r
(b) Taxes not included.
(c) Does not include operations of Nmw Y ork Pennsylvania & Ohio; ta k in g care o f th e b o n d s o f su c h h o ld ers as re fu sed to
a«.t amounts due other leased lines operated om a percentage basis are
deducted from m rnings.
e x te n d an d d em a n d ed p a y m en t in ca sh . T h e cla im
H e re th e te n d e n c y tow a rd s fc* r ea sed ex p en ses is als® w as p er sisted in a lm o st u p to th e d ay w h en th e b on d s
p la in ly v isib le, th o u g h n o t e q u a lly so u p o n a ll th e m a tu red . N o w th a t th e co m p a n y h a s p assed s u c c e ss,
roads. T h e P e n n sy lv a n ia sin c e 1 8 8 7 -8 8 h as in crea sed fu lly over th is p er io d it is e v id e n t th a t ev ery a r ra n g e
its gross fro m $ 5 7 ,9 7 4 ,6 2 1 to $ 6 8 ,5 4 7 ,0 3 8 , its n e t o n ly m e n t h a d b e e n m a d e to p ro v id e fo r th # co m p a n y s
fro m $ 1 8 ,8 5 7 ,1 0 8 to $ 1 9 ,6 1 7 ,5 6 1 . T h e L a k e S h o re h as req u ire m e n ts in th a t p a rticu la r, a n d th a t n o n e o f th e
in cr ea sed its gross from $ 1 8 ,5 5 8 ,4 8 0 to $ 2 3 ,9 9 0 ,6 3 1 , p la n s m isca rried . W ith th is p ro b lem o u t o f th e w ay,
w h ile th e n e t has a c tu a lly fa lle n fro m $ 7 ,0 2 6 ,9 0 7 to th e la r g e m a tu r in g in te r e st p a y m en ts th e 1st o f J a n u
$ 6 ,8 5 6 ,8 5 8 , th o u g h it is p ro p er to say th a t a reaso n fo r ary h a v e b een referred to as th e p o ssib le so u rce o f
th is is fo u n d in th e h ea v y ex p en d itu re s fo r a d d itio n s and tro u b le.
O f co u rse a ll th e rep orts o f th is ch a ra cter h a n g u p o n
im p ro v em en ts w h ich h av e b een c h a rg e d to o p era tin g
ex p en ses. T h e N e w Y o rk C en tra l h a s in crea sed its n et o n e sin g le th rea d , n a m e ly th e fa c t o f th e e x iste n c e o f
■ in a v ery la r g e a m o u n t, th a t is fro m $ 1 1 ,5 0 6 ,5 8 2 to a flo a tin g d eb t. I t is w ith referen ce to th is fa c t th a t
$ 1 4 ,9 6 5 ,5 8 9 , b u t th e to ta l in th a t case w as very lo w in th e rep ort n o w issu ed w ill b e m o st c a r e fu lly stu d ie d .
188 7-88, a n d o p era tio n s n o w in c lu d e th e ea rn in g s T h e A tc h iso n is a sy ste m o f la r g e d im e n sio n s, c o m p r is
o f th e R o m e W a te rto w n & O g d en sb u rg . I n 187 9-80 in g a lto g e th e r , w h en th e S t. L o u is & S a n F r a n c isc o is
th e C en tral h a d n e t o f $ 1 5 ,3 2 6 ,0 1 8 . T h e B a ltim o re in c lu d e d , 9 ,3 4 4 m iles o f ro ad , a n d its c u r ren t lia b ilitie s
& O h io in th e five yea rs g iv e n ab ove h as in cr ea sed its w o u ld in a n y e v e n t be in p ro p o rtio n to th e size o f its
gross fro m $ 2 0 ,3 5 3 ,4 9 1 to $ 2 5 ,7 7 7 ,7 2 6 , and its n e t fro m o p era tio n s. T a k in g first th e b a la n ce sh eet o f th e A tc h i-
D ecem ber 9, 1893.]
THE CHRONICLE.
3on sy ste m p ro p er (th a t is, th a A tc h iso n w ith o u t th e
S t. L o u is & S a n F ra n c isc o , th e A tla n tic & P a c ific , th e
C olorad o M id la n d a n d th e S t. L o u is K a n sa s C ity &
C o lo ra d o ), w e fin d th a t th e c o m p a n y h a d on J u n e 30,
1 8 0 3 , a to ta l o f $ 6 ,8 0 9 ,2 4 9 o f b ills p a y a b le o u tsta n d in g ,
th is b e in g a lit t le larger th a n a t th e co rresp o n d in g d a te
la st year, w h e n th e a m o u n t w as § 6 ,5 2 5 ,0 0 0 . W e h a r e
sa id th a t th e Be. L o n is & S i n F r a n c isc o a c co u n ts are
n o t rep resen ted in th is, a n d y e t it d o es em b race
th e r e su lts o f th e fin a n c in g o f th e o ld flo a tin g
d eb t o f th e S i n F r a n c isc o C o m p a n y , to s e ttle
w h ic h th e A tc h iso n to o k S m F ra n c isc o b on d s,
so m e o f th e se b on d s s till r e m a in in g in th e A tc h iso n
trea su ry. A sid e fro m th e a m o u n ts o w in g to th e A tc h i
so n , th e S a n F ra n c isc o h ad o n ly § 1 4 8 ,6 5 2 o f b ills p ay
a b le o u t, a n d n o n e o f th e o th er sep a ra te co m p a n ies
h a d a n y , so th a t th e a g g reg a te o f b ills p ay a b le o n th e
w h o le sy ste m o f 9 ,3 4 4 m iles w as ju s t a b o u t 7 | m illio n
d o lla rs. A n d th is c a n be liq u id a te d b y th e se c u r
itie s in th e trea su ries o f th e co m p a n ies as so o n a3 m a r
k et c o n d itio n s are su ch as to p erm it th e 3ale o f th e
se c u r itie s a t a fa ir p rice. In fa c t we m iy su p p o se it is
o n ly b eca u se it h as n o t b een p ossib le to g e t a fair p rice
fo r th e secu r itie s o n h a n d th a t th e d eb t n o * ex ists.
R e tu r n in g a g a in to th e b a la n ce sh e e t o f th e A t c h i
so n sy stem p rop er, w e find th a t in a d d itio n to th e
§ 6 ,8 0 9 ,2 4 9 o f b ills p a y a b le th e co m p a n y h ad a b o u t tea
m illio n d olla rs o f o th er c u r ren t lia b ilitie s re p r e se n tin g
a c co u n ts p ayab le, th e in te r e st d u e th e 1st o f J u ly , aud
in te r e st, s in k in g fu n d s, ta x es, & c., a c o r u e i b u t n o t
d u e— th e w h ole to ta l o f all cu r ren t lia b ilitie s, in c lu d
in g th e b ills p a y a b le, b ein g $ 1 6 ,7 7 3 ,4 9 1 . N o w w h at
are th e a v a ila b le cu r ren t a ssets a g iin s t th ese
c u r r e n t lia b ilitie s ? In th e first p lace th e co m
p a n y h a d at th e d a te m en tio n e d $ 4 ,1 5 2 ,8 1 1 in a ctu a l
c a sh , th is b ein g o v er a m illio n d o lla rs m ore
th a n th e ia tere3 t w h ich fall d u e th e n e x t d a y , th e 1st
o f J u ly ; th e co m p a n y also h e ld $ 5 ,9 2 6 ,9 5 4 o f a cco u n ts
receiv a b le, $ 7 7 6 ,7 2 6 o f b ills receiva b le o u tsid e o f th ose
fro m th e S t, L o u is & S in F ra n cisco a n d th e C olorado
-M idland w h ich in th is in sta n ce m ay be d isreg a rd ed ,
an d it had in its trea su ry $ 7 ,4 4 2 ,9 8 7 o f m ark etab le
secu r itie s, c o n sis tin g o f $ 2 ,0 0 0 ,0 0 0 o f G u a ran tee F u n d
n o tes, $ 2 ,2 7 0 ,0 2 1 of A tc h iso n g en era l 4s, $ 4 5 1 ,2 5 7 o f
A tc h iso n seco n d m o rtg a g e G lass “ A ” b on d s and
$ 8 ,8 0 8 ,1 0 0 o f S t. L o u is & S a n F ra n c isc o co n so l. 4s
ta k en a t a v a lu e o f $ 2 ,7 1 5 ,7 0 9 . T h u s th ere are § 1 8 ,2 9 9 ,4 7 8 o f c u r ren t assets, a g a in st th e $ 1 6 ,7 7 3 ,4 9 1 o f
cu r r e n t lia b ilitie s. T h is d o es n o t in c lu d e fu e l or m a
teria ls on hand or c o n tin g e n t or d eferred assets,
a n d ev ery ite m m ay fa ir ly be co n sid ered as an a v a ilab le
asset. T h e se figu res, as alread y sa id , re la te to th e
A tc h iso n sy stem p rop er. T h e rep ort also th is tim e
fu r n ish e s a c o n so lid a ted b a la n ce sh e e t sh o w in g th e
co m b in ed a ssets a n d lia b ilitie s o f a ll th e variou s c o m
p a n ies. P’rom th is it ap p ears th a t d isr e g a r d in g a c
c o u n ts b etw een th e co m p a n ies th e a g g r e g a te o f all c u r
re n t lia b ilitie s J u n e 3 0 , 1 89 3, w as $ 2 0 ,9 0 3 ,4 6 8 , a g a in st
w h ich th e a g g reg a te o f cu r ren t assets w as § 2 5 ,0 4 2 ,6 0 3 .
T h e a m o u n t o f th e b ills p a y a b le in c lu d e d in th e to ta l
o f lia b ilitie s is, as rem a rk ed fa r th e r a b o v e, 1 7 ,2 5 7 ,9 0 1 ,
an d th is c o n stitu te s th e flo a tin g d eb t in th e str ic t a p
p e lla tio n o f th e term .
It m ay b e u rg ed th a t th e se figu res are fo r a d a te n ow
five m o n th s p ast, a n d th a t th e 1st of J a n u a ry th e co m
p a n y w ill h a v e very la r g e sem i-a n n u a l in te r e st p a y
m e n ts to m ak e. T r u e , b u t sin c e th e 1 st o f J u ly th e
co m p a n y has also h ad large ea rn in g s from cu r ren t
o p e ra tio n s— in th e a g g reg a te m u ch m ore th a n su ffi
963 1
c ie n t to p ro v id e fo r th e se p a y m en ts. T h e la te s t
sta te m e n t o f n e t ea rn in g s sin c e th e clo se o f th e
fisca l year b rin g s th e r e su lts d o w n to O ctob er 3 1 , a n d
th is sta te m e n t sh ow s th a t n o tw ith sta n d in g a fa llin g off
in in co m e as co m p a red w ith th e co rresp o n d in g p e r io d
la s t year, as a re su lt o f th e fin a n cia l crisis an d th e
p a r a ly sis o f tra d e, th e in c o m e fo r th e fo u r m o n th s
wa3 la rg e en o u g h to p ro v id e in fu ll fo r th e fo u r m o n th s’
p ro p o rtio n o f th e ch a rg es a n d lea v e a su rp lu s o f over a
m illio n d o lla rs— $ 1 ,0 7 1 ,5 5 9 . T h e r e su lts fo r N o v e m
b er a n d D e c e m b e r are c e rta in to ad d to th is su rp lu s,
a n d th u s o n th e 1 st o f J a n u a ry n e x t th e c o n d itio n o f
th e co m p a n y as reg a rd s th e flo a tin g d eb t o u g h t to be
m ore ra th er th a n less fa v o ra b le th a n it w as on t h e 1 st
o f J u ly , ev en a fte r p a y in g th e first o f J a n u a r y in
terest— u n le ss in d e ed th e co m p a n y h a s (w h a t seem s u n
lik e ly ) m a d e co n sid e ra b le ex p e n d itu r e s u p o n ca p ita l
a c c o u n t fo r im p r o v e m e n ts a n d a d d itio n s. F o r su c h
im p ro v em en t ex p e n d itu r e s, h o w ev er, th e co m p a n y
w ou ld h a v e th e r ig h t to reim b u rse its e lf b y th e issu e o f
new C lass B seco n d m o rtg a g e b o n d s to th e to ta l a m o u n t
o f § 5 ,0 0 0 ,0 0 0 . T h e a g g reg a te o f a ll p ro p erty ex p e n d i
tu res o f th is ch a ra cter in th e la te fiscal y ea r rea ch ed
th e large su m o f § 4 ,1 5 1 ,7 0 1 . T h e co m p a n y d u r in g th e
year so ld th e first five m illio n o f th e C lass B b o n d s,
th ey h a v in g been offered to th e A tc h iso n in co m e b o n d
h o ld ers a t th e tim e o f th e co n v ersio n o f th e in co m es a t
67. T h e p ro ceed s o f th e b on d s w o u ld a p p ly o n ly t o
th e A tc h iso n sy stem p ro p er as it e x iste d a t th e tim e o f
th e issu e o f th e b on d s on J u ly 1 , 18 9 2 — th at is, it w o u ld
n o t a p p ly to im p ro v em en ts a n d a d d itie n s o n th e S t.
L o u is & S a n F ra n c isc o a n d th e C o lo ra d o M id la n d . A s
regard s th e tra n sa c tio n s in v o lv e d in th e 'e x te n sio n o f
th e G u a ran tee F u n d N o te s, th e co m p a n y o ffered to e x
ten d th em fo r a c o m m issio n o f 5 p er c e n t in ca sh , a
sy n d ica te h a v in g agreed to acq u ire and p ay off a ll
bonds n o t e x te n d e d b y th e h old ers.
W ith re fe ren c e to th e traffic a n d in c o m e o f th e
sy ste m , th e record h a s b ee n on e o f c o n tin u o u s g r o w th
ever sin c e th e p re se n t m a n a g e m e n t to o k h o ld , a n d
secu r ity h o ld e rs h a v e ev ery reason to fe e l g r a ti
fied a t th e r e su lts. M oreo ver, e x c e p t fo r th is
sa tisfa c to r y sta te o f th e co m p a n y ’s in c o m e it
w ould d o u b tle ss h a v e b ee n fo u n d im p o ssib le to carry th e
co m p a n y th ro u g h th e la te fin a n c ia l crisis. A n d n o th
in g a tte sts a t o n c e so clea rly th e s tr e n g th an d recu p er
a tiv e p ow er o f th e p ro p erty a n d th e en erg y an d skilL
d isp la y ed in a d m in isterin g it as th is ex p a n sio n o f in
com e. I n th e la te year gross ea rn in g s o f th e c o m b in ed
roads in cr ea sed n o less th a n § 3 ,3 8 6 ,4 8 0 an d n e t ea rn
in gs ab o u t a m illio n dollars— § 9 4 8 ,0 8 2 . O n th e w h o le
9 ,3 4 4 m iles g ro ss e a rn in g s w ere over 50 m illio n d o lla rs
(§ 5 0 ,7 3 3 ,7 0 5 ) a n d n e t ea rn in g s over 16 m illio n d o lla rs
(1 1 6 ,0 6 5 ,5 3 8 ). T o th e o th er e x c e lle n t ta b les in th e re
p o r t th ere h a v e b een ad d ed th e p re se n t year se v er a l
n ew o n es to sh o w th e co m b in ed r e su lts fo r all th e ro a d s.
F ro m th e co m b in ed in c o m e sta te m e n t it ap p ears t h a t
th e su rp lu s o v er a n d ab o ve a ll ch a rg es fo r th e la te
year, in c lu d in g in te r e st on th e n ew secon d m ort
g a g e b o n d s a n d a llo w in g fo r th e d eficie n cie s o n
th e A tla n tic & P a cific a n d th e C olorad o M id la n d ,
reach ed th e su m o f § 1 ,7 5 3 ,6 3 6 . T h e p re se n t y e a r
th e co m p a n y w ill h av e to p ay a h a lf p er c e n t m ore o n th o
seco n d m o rtg a g e b on d s, a d d in g § 4 0 0 ,0 0 0 to th e y ea r’s
ch a rg es. T h e in co m e sta te m e n t fo r th e fo u r m o n th s
to O ctob er 31 sh ow s th a t in th ese fo u r m o n th s th e s u r
p lu s above ch a rg es fe ll off § 9 4 3 ,3 5 6 . T h is , h o w e v e r ,
co vers th e p erio d o f th e g r ea t p aralysis o f b u sin e ss,
w h en th e co m p a n y lo st § 2 ,3 1 9 ,0 5 9 in gross receip ts and.
THE
964
CHRONICLE.
$ 8 1 1 ,3 5 7 in n e t r e c e ip ts, an d w h en th e ec o n o m ie s in
o p era tio n h a d n o t y e t b e g u n to h a v e th e ir fu ll effect.
I n O cto b er, th e la st o f th e fo u r m o n th s, g ro ss ea rn in g s
fe ll off o n ly $ 3 3 3 ,6 3 9 , w h ile ex p e n se s w ere red u ced
$ 4 3 3 ,2 7 6 , th u s p r o d u c in g a g a in in n e t o f $ 9 9 ,6 3 7 .
F o r N o v e m b e r th e g ro ss ea r n in g s o n ly are k n o w n as
y e t; th e lo ss is b u t $ 2 0 5 ,5 7 8 , th e s m a lle st o f a n y m o n th
sin c e th e d ep ressio n in b u sin ess b eg a n .
T o sta te th e situ a tio n in b r ie f, th e n , s ta tis tic a l
a n a ly sis d o es n o t ap p ear to afford a n y w arran t
fo r th e u n fa v o ra b le ru m o rs w h ic h h a v e b een
c ir cu la ted r e g a r d in g th e p ro p erty . T h e c o m p a n y
m a n a g ed to carry its flo a tin g d eb t th r o u g h th e
d ark d ays o f la s t su m m er an d a lso su c c e e d e d in m a k in g
a r ra n g em en ts th en fo r ta k in g care o f th e m a tu r in g G u ar
a n te e F u n d N o te s. T o -d a y its p o sitio n in re fe ren c e to th e
flo a tin g d eb t m u st be b e tter th a n it w as la st J u n e . A t
th e sam e tim e th e sta te o f th e co m p a n y ’s in c o m e re
m a in s v ery en c o u r a g in g . T h e r e w a s a la r g e su rp lu s in
th e la te y ea r ab o ve th e r e q u ire m e n ts fo r ch a rg e s, a n d
th e lo ss th u s far in th e cu r r e n t y ea r h a s b een co m p ara
tiv e ly lig h t, e sp e c ia lly in v ie w o f th e ex tra o rd in a rily
h e a v y lo sses su sta in e d b y o th er p ro p erties in th e sam e
terr ito ry , su ch as th e M isso u ri P a cific a n d th e U n io n P a
cific. I n th e m o st re c e n t m o n th th e r e d u c tio n in e x
p en ses m o re th a n o ffset th e fa llin g off in g ro ss r e v e
n u e s. I f a n y a n x ie ty is fe lt r e g a r d in g th e re v en u es fo r
fu tu r e m o n th s b eca u se o f th e g en era l d ep ressio n in
tra d e an d b u sin ess a ll o v er th e U n ite d S ta te s , it sh o u ld
b e rem em b ered th a t fin a n cia l a n d in d u s tr ia l in tere sts
h a v e th r o u g h th e rep ea l o f th e silv e r la w b ee n r e
lie v e d o f th e ir g r ea test b u rd en , a n d th a t n o w th in g s
h a v e b eg u n to m en d . I n a n y e v e n t, th e e c o n o m ies
w h ic h th e co m p a n y h as in tr o d u c e d w ill b e su re to r e
d u c e th e lo sses in n e t to th e sm a lle st p o ssib le co m p a ss.
[V ol . LV11,
Nov. 8,
1893.
$5,470,600
1,706.973
3.176
5.818,951
8,424,637
209.588
141,633
Oct. 20,
1892.
$4,935,500
1,440.596
62,526
7,81/,031
9.848.846
253.556
150,781
1892.
$4,010,500
1,273,027
4,709
6,279,896
8,221,539
241,428
24 4,976
Total.......................................................... $21,770,350
$*24,001,830
$20,276,075
Liabilities—
Capital stock paid in.....................................
Surplus and undivided profits.....................
Dividends unpaid...............................
Individual deposits.......................................
Other deposits ..............................................
Due to banks and bankers...........................
Notes and bills payable...............................
. o>ob-c;oocoTj'cqt^or^p-0'^rHct'*oc»o?oiM(Nt>.co
s l"H*©iO<X.©t^iO©l>lOOJ©©H‘ H<t^t"©COCOt"r"t".t>rr> 104O
1 C C T C _t-^ © © Mt>lO-H© t" © 04 o h< oi 04h © © CO
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O
2 © IrfrH 0404r^© «H© C ©••*©rH0404G ©©*** © t^
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<
2 C r* C C C- C in o Hjt"CC04©OI >0© t>i-hrH O C i- C to C rHC
O OO O
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Number.....................................
Resources—
21
26
Total.
47
Tofal,
Mar.-Apr.
1893.
47
Loans & disc, inch overdr’fts. $73,516,242 $17,352,893 $120,869,135 $164,155,578
Stocks, bonds, &c......................
7,206,424
7,858,202
15,064,626
16,975,287
28,655,272
*8,.£98,833
Due from banks und bankers. 16,283,794 12,371,478
944,270
933,581
Bank'g house, furn. and fixt’s.
877,850
66,420
746,481
656,007
■Oth. real est. & morts. owned.
508,952
237,529
Gold coin and certitlcates........ 16,001,2501
8ilver coin and certificates_
_
6,770,673 I
04,916,182 42,691,592
Legal ten. notes s cer. of dep. 16,161,892 ) *16,909,329
■
B ills o f o t h e r b a n k s ............—
Exchanges for ClearTg House
Current exp. and taxes paid ..
Premium on U. 8. bonds........M
Other resources........................
113,495
...........
3,131,981
281,870
33,280
3,464,125
r
H
C
O
. !©
!!* •£
*■ "=>3
^ £ .
2
^ ‘-S
Total.................................... $146,373,914 $88,101,327 $234,975,241 $256,467,477
Capital stock paid in........ ........ $20,900,000 $13,127,000 $34,027,000 $35,727,000
Surplus and undivided profits. 14,064,290
7,520,108 21,584,398
*0,956,802
...........
856,010
976,760
Circulation outstanding..........
856,010
Dividends unpaid.....................
61,189
...........
61,189
12,254
40,185,833 107,8-17,078 108,029,701
Individual deposits................. 67,681,245
*1,6.-8,9U0 21,918,189
29,87*.8ll
Other deposits.........................
259,289
5,609,486 48,061,377
60,717,132
Due to banks and bankers... . 43,051,891
Other liabilities.........................
...........
...........
...........
171,017
Total............................ ........$146,873,914
W e have also compiled a statement covering the State
banks outside of Chicago and give it herewith, embracing
therein the results for Nov. 8, 1893, and Oct. 26 and May 7,
1 8 92:
IL L IN O IS O T H E R T H A N
’
C H IC A G O .
Number............................ ............................
Resources—
Nov. 8,
1883.
99
Oct. 26.
1892.
87
May 7.
1892.
74
Loans and discounts, includ’g overdrafts. $14,983,892
Stocks, bonds, &c..................
1,366,049
Due from banks and bankers....................
2,941,954
Banking house, furniture and fixtures_
_
572,519
Other real estate................................. ........
85.475
Cash on band.........................................
1,529,921
Current expenses and taxes paid..............
150,174
Other resources.............................................
140,372
$17,533,149
1,313,178
3,151,039
397,382
122,216
1,257,201
119,594
111,177
$15,050,506
844,403
2,633,843
338.362
102,177
1,205.919
102,871
97,991
$21,770,356
$24,004,886
$20,270,076
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$88,101,327 $234,975,241 $256,467,477
♦The amount ($16,969,329) opposite gold, etc., under State banks is given in the
report as “ cash on hand.”
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269,1S3
90,919
2,096,497
Liabilities—
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3,114,040 1
5,898,998J
168,375
33,280
332,144
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Gore, Auditor of the State of Illinois, we have received
his statement showing in detail the condition of the State
banks, savings banks and trust companies in Chigago at the
commencement of business Wednesday, Nov. 8, 1838. Com
bining these figures with those for the National banks here
tofore published we have the following, which covers all
banks in Chicago:
1893.
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I l l i n o i s S t a t e B a n k s .— Through the courtesy of Mr. David
1863.
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Nat. Banks, State Banks.
Oct. 3.
Nov. 8.
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C H IC A G O .
May 7.
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THE CHRONICLE.
Return* by Telegraph.
1893.
Per Cent.
1892.
New T o itu . .................................. .
B oston ,...,.. . . . . . . . . . . . . . . . . . .
PftUadelphl*..............................
B a ltim o r e ...^ ,........ . . . . . . . .
CJdCgO...................................
Sc. L aals..— , ___________ _____
New Orleans . . . ___. . . . . . . . . .
$455,899,184
78,088.47a
53,348,370
12,018,994
83,535,227
20,484,046
12.02S.248
$882,752,554
89,267,438
01,320,513
13,221,417
97,817,833
23,840,544
13,884,752
-31*2
-1 2 -5
-13*8
- 9*1
-14*6
-14*5
- 0*8
Seven cities, 5 day#.. . . . .
Ostiar cities, 5 d a y s ... ... ... ..
$718,008,448
117,928,437
$967,186,881
172.41l'.2«a
—25‘6
-3 1 -6
Total all cities, 5 day s....
AH cates, I d a y ..._________ _
§834,028,885
170,702,984
$1,134,016,134
218,739,572
-*28*8
-19*8
Total ail cities, for week..
§1,009,818,849
§1,353,355,706
-25*4
Another table, our usual monthly detailed statement of
transactions on the various New York Exchanges, has also been
crowded off of the first page. The results for the eleven month s
of the current year are, however, given below and for purposes
of comparison the figures for the corresponding period of
1892 are also presented.
Mlemn Months, 1893.
Description, Far Value |
or (tuanltts,
Value,
8w <k{ vSs‘ * £ & 8 & \ 14311862578J 61*0 {
BR, bonds.. $325.561,700 $239,03I.40U 73*4
Gov’t bonds fl.0S7.25Oj $2,161.W 2,' 110*4
State bonds. $2,540,8001 11,552,124 61*1
Bank stocks
*733,810 j $1,160,501j158*2
I N T E R E S T -B E A R I N G -
Int’rH
PayTe
Amount
Issued.
4$£s, F’n’d Loan.1891
Continued at 2 p. e. Q .-M .
4s, F’ded Loan. .1907 Q .-J .
4s, Ref’d’g Certiflc’s. Q .-J .
77,520,192
$*82,813,100
$1,581,500
$1,590,950
$8*8,610
....
The transactions of the Stock Exchange Clearing-Hous*
from November 27 down to and including Friday, December
* , also the aggregates for June to November, inclusive, in
8
1893 and 1892 are given in tabular form below.
I» w fU -tend e r n o t e s . .............................................
O H d e m a n d n o t e s .................................... .............
N a t io n a l B a n k n o t e s :
R e d e m p t io n a c c o u n t . . . . .........................
ITr a e t o n a l c u r r e n c y —
......................... ..................
L e s s a m o u n t e s t im a t e d a s l o s t o r d e s t r o y e d .
C le a r e d ,
S h a r es, V a lu e S h a r es,
Sept., 1 0 .. t«,020j0O 93fi.4O
83
0.00O
O t.. 1893. 19,004,700 1.172,400,000
C
Nov., 1803, 19891,M 1,332.830,400
»
0 mm,.., i09.964.900 6.319,839.100
'— S h a r es, bath sid e s .—*
C le a r e d , T ota l V a lu e.
C a sh , C le a r 'd
$
$
04.5*3,700 1,433.971 5.885
,8 #
74,186,100 974.700 6 8 !
107,386,900 1,301 60 J 6.183
128,063.500 1,607.600 6.252
1.701.400 5,862
i i8,<m.ooo
128.975.000 M l* >808 5.796
682.400,200
3 5,864
90.300.000 1,780,800 0 9
,3 ft
2.752.500 6.016
73.009.000 2,329,200
6.882
72.100.000 1,088.000
5.956
90.500.000 2,043,000
mMBMO 2,240.100 S S i
520.358.000 13,149,800 36,23"
l,MA?T8i/M>0
1,113^800.000
0.458,47
1,016,909,906
1.100.000.000
w um /m
#
6 ,6 0 0 ,0 0 0
6 ,0 0 0 ,0 0 0
4 ,9 0 0 ,0 0 0
$
1 3 0 ,9 0 0
1 7 2 ,7 0 0
1 1 6 ,8 0 0
339
325
315
4 ,4 0 0 ,0 0 0
8 4 ,1 0 0
319
T o t . w k . . 4 ,1 8 9 ,2 0 0 2 7 0 ,4 0 0 ,0 0 0
W * I a * t y r S .2 J 6 ,.H fX > 8 0 0 , 0 0 0 , 0 0 0
3 7 4 ,6 0 0
5 7 0 ,0 0 0
2 1 ,9 0 0 .0 0 0
3 8 ,9 0 0 ,0 0 0
5 0 4 ,5 0 0
4 6 0 ,6 0 0
Dm.
8 0 ,3 0 0 ,0 0 0
5 3 ,4 0 0 ,0 0 0
1 6 ,0 0 0 ,0 0 0
3 3 ,0 0 0 .0 0 0
2 7 ,6 0 0 ,0 0 0
1 1 7 ,6 0 0
6 9 ,9 0 0
6 7 ,9 0 0
5 4 ,2 9 0
4 3 ,4 0 0
6 .0 0 0 ,0 0 0
3 ,8 0 0 ,0 0 0
3 ,7 0 0 ,0 0 0
2 ,8 0 0 ,0 0 0
2 .2 0 0 ,0 0 0
1 1 8 ,1 0 0
7 2 .4 0 0
7 2 .7 0 0
4 8 ,3 0 0
4 3 .0 0 0
1 ,2 9 8
1 ,5 5 8
337
313
309
305
280
T n t. » k . 4 .1 1 0 ,2 0 0 2 3 9 ,3 0 0 .0 0 0
W k i a a t y r 8 , 2 1 1 , .1 0 0 4 $ 4 , 3 0 0 , 0 0 0
3 5 3 ,0 0 0
0 7 6 ,7 5 0
1 8 ,5 0 0 .0 0 0 3 5 4 .5 0 0
5 0 ,4 0 0 ,0 0 0 5 0 9 ,1 0 0
1 .5 1 4
1 ,5 6 3
*'
“
"
4 . .1
5 ...
6. .
7 .,.
8 ...
4 0 7 ,2 0 0
8 6 * 2 ,8 0 0
7 6 5 ,9 0 0
5 7 8 ,8 0 0
4 9 5 ,6 0 0
0,900,504 62
CERTIFICATES AND NOTES ISSUED ON DEPOSITS OF COIN AND
LEGAL-TENDER NOIES AND PURCHASES OF SILVER BULLION.
GbmiAcatkm ot Certifrcole* and Notes.
In the
In
Treasury. Circulation
Amount
Issued.
$149,090 $79,163,079 $78,312,169
5,718.507 328,421.997 334,138,504
120,000 33,205,000 33,325,000
2,683,223 150,770,400 153,453,029
Classification of Debt.
$8,668,820 $590,560,482 $596,229,302
November SO
,
October 31,
1893.
1893.
Increase or%2
Decrease*
$
$
585,039.220 00
1,939,380 28
374,589,715 87
585,039,040 00
1,974.570 26
374,932,882 37
$
1 .180 00
D, 33,190 00
D. 343,160 50
061,568,316 13
961,940,492 63
D. 378,170 50
599,229,302 00
587,009,861 00 1.11,819,441 00
Aggregate of debt, including
certificates and notes.. . . . . . . . 1.560,797,618 13 1.549,550.858 08 1.11*241,204 50
S o l d —C o in ................................................................................. $70,211,500 25
90,910,4*1 84—$161,122,128 09
_
B a r s .......................................................................... ..
811v e r —D o l l a r s .
............. . . . . . . — . . . . . . . . . . . . . . 300.900.628 GO
11,418.7(8 40
S u b s id ia r y c o l a ..................... ............
..
127,202,267 05— 499,587,603 51
B a r s .......................... ................ ............. ......................... *
35,412,344 31
g t o @ r —L e g a l t e n d e r n o t e s (o ld is s u e },— . . . . .
2.083,223 00
T reasu ry n o te s o f 1 8 0 0 ........ . .. . . . . . . . . . . . .
149,- 90 00
G o ld c e r t i f i c a t e s . . . . ............. ............*.............
5,710,507 00
S ilv e r c e r t i f ic a t e s .............................................
120,000 00
C u rr e n c y c e r t i f ic a t e s . . . . . . . . . . . . . — . . . . . . . . . . . . .
12,808,547 3 4 - 5 8 ,a S 9 ,?H 05
N a t io n a l b a n k n o t e s ............... .— .................. . . . .
O ther— B o n d s , i n t e r e s t a n d c o u p o n s p a id , a w a it
492.849 28
in g r e i m b u r s e m e n t . , . . . . . . . . . . ....................................
928,809 34
M in or c o in a n d f r a c t i o n a l c u r r e n c y . .........— . .
12,111,040 89
D ep osits in n a t ’ l b rnk d e p o s i t a r ie s —g e n ’l a c c ’t . .
3.683,267 0 9 - 17,220.092:60
O ls b u js in g o ffic e r s ’ b a l a n c e s ..........................................
Aggregate..
- B a la n c e * , o n e s i d e .- ------. S heels
S h a r es. V a lu e S h a n * . C a s h .C le a r ’ d-
s
N OV . 2 7 . . 1 , 3 0 6 , 6 0 0
8 6 .3 0 0 .0 0 0
1 1 4 ,3 0 0
** 2 8 . . 1 , 0 9 1 . 4 0 0
7 0 .7 0 0 .0 0 0
9 8 ,3 0 0
"
2 9 . . 9 1 7 ,7 0 0
5 9 .2 0 0 .0 0 0
8 3 ,2 0 0
................ . n m . r i H Y . .
«
30.
H oe.
I ..
8 7 0 ,5 0 0 5 5 ,2 0 0 ,0 0 0
7 8 ,8 0 0
20,952,547 7 5
,$15,270,438 62
3,375.034 00
CASH IN THE TREASnaX.
■ ■ B a la n c e s , o n e s i d e ,-— — S h e ets
— —
-*
1 B M 7 M 6 1.268,600,000
$340,681,010 00
55,047 50
Aggregate of debt bearing no intereet......... ...........................$374,589,715 87
$TOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.
— ShGrtM, b o th s id e s ,—^
20.720.360
16,519,200
90A03.060
37,190,700
19.085,700
17JM»,4O0
17J&M90
$1,939,380 2 8
D E B T B E A R IN G NO IN T E R E S T
Aggregate of Interest and non
interest bearing debt..............
Certificates and notes offset by
an equal amount of ©ash In
theTreasury..........................
T o ta l Value*
1,333,380 38
RECAPITULATION.
\4351581720 63T
$319,176,382 77*1
#1.834,292 1154
$2,093,-874 456
$1,331,931 157*3
$7,407235 im
10.684.000 1,041,048,200
v & e n jm
13,998.480 977,588.000
I^November 39
$600,000 00
A gregarie of debt ou which interest has ceased
dues maturity......... ............. ......................f 1,974,570 20
Total Tmlae
i f O n 'A —
514,862,000 70,818,960 585,039,220
Fanded Loan of 1891. matured September 2,1891.. $638,200 00
Old debt matured at various dates prior to Janu
ary 1.1861. and other items of debt matured at
various dates subsequent to January L 1861. . . . . . 1,388,320 26
Interest-bearing debt.. . . . . . . . . . .
Debt on which int, has ceased..
Debt bearing no intercut... . . . .
June, 1892.
July, 1892.
Aag., VNl.
5**. mm,
Sept, i m
OcL, 184*2.
Nov., 1892.
8
June, 1898.
July, I£03.
M m' M
■*'""
A
1893.
Torn.
D E B T O N W H IC H I N T E R E S T H A S C E A S E D S IN C E M A T U R I T Y .
Total... 673089&9J45[|M585«7826 61*0
*0
$7,280,858717 $4,708005199 (M
7,072,000' $4,963,155
Pat’l’m.bblg
19,282,000 $10,796,346 5«C,
Owton.bis, 46.3W.I0t* $UfV23934ftO $43*23
37,524,200 $1,485806350 $39*00
Grain.aa.a. 1,292,707132 $020,022,736 71 l-6o 1,519,834,17? $1,224687103 80&C.
;$7,318147167!
Amount Outstanding.
$250,000,000 $25,364,5001
........... $25,364,500
740,871,800 488,997,500 $70,612,950 559,610,450
40,012,750
64,270
Aggregate of certificate#.-......................
Actual
Value.
DEBT.
Registered, f Coupon.
i
Title o f Loan.
Eleven Months, 1892.
Acer'ge Par Value !
j Price. or Quantity.
Actual
T h e fo llo w in g is th e official sta te m e n t o f th e U n ite d
S ta tes p u b lic d eb t a n d o f th e ca sh in th e T rea su ry a t
th e clo se o f b u sin ess N o v em b e r 29,, 1 89 3.
Aggregate exel’d’g
B’ds to Pae. RR.
Week Ending December 9.
CU5AHINGS.
D E B T ST A T E M E N T N O VEM BER 29, 189$.
§
Clearings by Telegraph,—Stock ExcL^age Clearing
House Transact ions.—The subjoined statement covers the
clearings for the current week, usually given on the first page
of the C h r o n i c l e , b u t which on account o f the length of the
other tables is crowded out once a month. The figures are
received b y telegraph from the leading cities. It will be
observed that as compared with the corresponding week of
1892 there is a falling off in the aggregate of 25*4 per cent. So
far as the Ind ivictual cities are concerned, New York exhibits
a decrease o f 31*2 per cent, and the losses at other points are :
Boston, 12*5; Philadelphia, 12*8; Baltimore, 9*1; Chicago?
14*8: St, Louis, 14*5, and New Orleans 8*8 per cent.
i
965
i
D ecem ber 9, 1893, J
The stocks cleared now are American Cotton Oil common’
American Sugar common, Atchison, Chicago Burlington &
' Quincy, Chicago Oas, Chicago Milwaukee & St. Paul com
mon, Chicago A Northwestern, Chicago Hock Island & Pacific,
Delaware Lackawanna & Western, Distilling & Cattle Feed
ing, General Electric, Louisville & Nashville, Manhattan*
Missouri Pacific, National Cordage common, New York &
New England, New York Lake Erie & Western, Northern
Pacific preferred, National Lead common, Philadelnhia &
Heading. Union Pacific and Western Union,
$734,820,485 86
fti
D E M A N D L IA B IL IT IE S .
G o ld c e r t i f ic a t e s ..................... .
$78,312,109
S ilv e r c e r t if ic a t e s .............................................
334,138,504
C e r tific a te s o f d e p o s i t a c t J u n e 8 ,1 8 7 2 ...........
33,335 000
T r e a s u r y n o t e s o f 18 0 0 ............................ ......................... 153,453,629
F u n d f o r r e d e r a p . o f u n e n r r e n t n a t ’J b a n k n o t e s , 0,403,957
O u t st a n d in g c h e e k s a n d d r a f t s ............................
j *,470,493
.......... ................. _ .493,169
D is b u r s in g o f fic e r s ’ b a la n c e s .
.............................
3,981,890
A g e n c y a c c o u n t s , & o ...............
G o ld r e s e r v e . . . . . . . . ...................
fla t c a s h b a l a n c e . . . . . . . . . . . . . . .
00
00
00
ofv
0 0 - $ 5 9 9 ,2 2 9 ,3 0 ^ 0 0
iS
83
37
99-
40,391,510 97
* 8 8 8 $ 88..................... 95,199,816 88
Aggravate............................................................ .............- .............*731,920,435 86
Gash b a la n c e in t h e T r e a s u r y O c t o b e r 3 1 . 1 8 9 3 .. . .................................™
G ash b a la n c e in t h e T r e a s u r y N o v e m b e r 30, 1893....................
9a,199,016 88
D e c r e a s e d u r in g t h e m o n t h ........... ................................................................
$7,094.074 9 7
B O N D S I S S U E D IN A I D O F P A C I F I C R A I L R O A D S .
Name
9f R ailway.
Int. repaid by Companies. Balance
Interest
Interest
Principal
accrued
B y Trans By cash vay-\°f Vnt&dst
paid by
Out
and not
m ’ ts; 5 p. c.
Paid by
standing. yet paid. the U. S. portation
Service.
net earningsS’
%
t
$
J en . P a cific . 35,885,120
S a n . P a cific . 0,308,000
U n l’ n P a c ific 27,236,512
G en. B r . U .P . 1,600,000
W m k P a c ific 1,970,500
l i o u x C. St P . 1,028,320
$
*
817,128 88.983.027
157,575 9,911,133
080,913 41,299,758
40,000 2,500,808
49,204 2,850,585
40,708 2,141,290
4,218,153
14,045,241
583,767
211,531
058,288 31,388.816
6,094.980
438,410 20,810,107
6,927 1,919,114
2,841,218
2,229,759
T o t a l # . . . . . . 84.623.5W
1,615,587 97,906,201
26,007,787
1,103,620 70.884,794
0,041,728
9,367
966
THE
CHRONICLE.
ptouctimj=
CGvnxraetxial English 9*100
lF rom oa r own correspondent.]
L o n d o n , Saturday, Nov. 35,1893.
During the week the supply of money in the open market
has become decidedly scarcer, and the rates of interest for
short loans hare risen steadily. The discount rate, however,
has not advanced at the same pace ; it is now about
per
cent. The growing scarcity of money is due partly to the
continued withdrawals of gold for the Continent and Egypt,
partly to the demand for accommodation caused by the re
turn of the miners to work, and partly to the large collection
o f revenue by the Government. A t the beginning of October
the Chancellor of the Exchequer had to borrow largely from
the Bank to pay the quarterly interest on the national debt.
N ow that the revenue is coming in freely he is repaying the
m oney ; in other words, the open market is being denuded,
while the Bank of England is growing stronger. The reserve
o f the Bank now considerably exceeds 17 millions sterling,
and its proportion to the liabilities of the Bank is 53 per, cent.
The India Council on Wednesday offered for tender 40
lakles of rupees in bills and telegraphic transfers and sold the
whole amount, almost all in transfers, at Is. 334d. per rupee.
I t has also disposed of a considerable amount during the week
by private contract. For the next six months the demand
for the Council’s drafts ought to be large. The indigo ex
ports have just begun ; after Christmas the exports of cotton
are expected to be heavy, and at the end of March or the be
ginning of April the exports o f wheat will commence. The
price of silver fluctuates around 32]^d. per ounce. There is a
good demand for China, Japan the Straits Settlements and
Cochin China, and the supply in the market is small.
The inquiry for really sound investment securities is strong
at present, and they are all rising steadily. Consols, for ex
ample, are now about 98J£ ; Indian sterling 3 per cents are at
p a r ; British railway guaranteed and preference stocks are
exceedingly scarce, and Colonial government stocks are like
wise in request. Even Australian Government stocks have
Tisen during the week from about 'K to about 1% . A t the end
o f last week, as stated in this correspondence, the intervention
Of the Government brought about an end of the coal strike,
and the miners returned to work on Monday. Owing to this,
there has been a good demand for British railway ordinary
stocks, and prices have risen from about 1 to about 3 in differ
ent cases. There is likewise a growing demand for good
American bonds, and even the second-class bonds are being
slowly absorbed. But speculation is quite paralyzed, and is
Jlot likely to revive for some time yet.
There has been some apprehension of commercial failures
as a consequence of the banking crash in Australia at the be
ginning of the summer. Hence it is gratifying that so few
failures have occurred. Unfortunately the price of wool is
exceedingly low. For six months or more the American
trade has bought very little ; indeed, in some cases Americans
have sold in Europe wool they had previously bought in
Australia. Next week the public sales will begin, and there
is much interest felt as to whether American buyers will put
In an appearance. If they, do a recovery in the price of wool
is expected, as the production this year is smaller than usual,
There are also some apprehensions that the trust crisis is not
yet at an end. The c h ie f fear now is respecting the Trustees,
Executors and Securities Insurance Corporation. It must
find nearly half a million sterling within a few months, and
to do this it has to call up capital. There are half a million
sterling of first debentures secured upon the uncalled cap
ital, and they must be paid off, or a call cannot be made.
Therefore the directors have issued a call for £3 10s. per share
to redeem the debentures. They hope to be able to raise
half a million sterling in the shape of new debentures; if they
fail, there will have to be a second call of £3 10s.
But in spite of these influences a better feeling is gradually
growing up. There are strong hopes in particular that trade
w ill now begin to revive, and with a real improvement in
trade there is little doubt that distrust will be dissipated.
The news from Brazil is unfavorable. There are fears of a
real bombardment of Rio. In any case the waste of wealth
and the expenditure by the Government are becoming very
serious. From Argentina all the intelligence is that the
economic condition has wonderfully improved ; but Congress
has not yet approved the settlement of the debt concluded by
the Government with the Rothschild committee, and until
[VOL. LVI1.
that is done the market for Argentine securities will be avoided'
by most investors. In Paris the official statement made b y
the Prime Minister has given general satisfaction. It is now
understood that the conversion of the
per cents will take
place about the middle of February, and the general belief in
Paris is that the rate of interest will be simply reduced from
to about 3y&per cent. If so, the conversion will of course
be a decided success. But many acute observers fear that the 3
per cents, which are now about 99, will in tbat case be
thought dear, and that the threes will be sold to buy the
four-and-a-halfs. The German and Austrian bourses, too,
have been fairly steady during the week, but the liquidation
that will begin next week is looked forward to by many with
some apprehension.
The Italian Ministry has resigned and the hope is growing
that the new Cabinet will enforce retrenchment and vigorously
undertake the reform of the banking system, and that gradu
ally there will be a recovery of credit. On the other hand
the difficulties of Spain are becoming more and more serious,
and various alarmist rumors have circulated both in Paris
and London throughout the week. The rumors appear to
have been unfounded, or at all events premature; but there
is no doubt that the difficulties of the Government are very
great.
No sooner has the English colliery dispute been settled than
the Scotch miners have come out for an advance in wages of
Is. per day. It is stated that nineteen-twentieths of the
Scotch miners are idle, or about 80,000 men. The men are
expected to obtain their demand, as coal in Scotland is ex
tremely scarce, stocks having been sold during the English
dispute.
The great majority of the English miners have now resumed
work, though in some cases the mines have suffered from
the neglect, and it will take some time to repair them. The
prospect of future colliery disputes being settled by a concilia
tion board is regarded with great favor, and the terms of
settlement, viz., the men to resume work at the old rates of
wages until February, when the conciliation board will have
power to revise them, are believed to be the best possible.
The following return shows the position of ine isank o f
England, the Bank rate of discount, the price of consols, & c ,,
compared with the last three years:
1893.
1892.
1891.
Nov. 24.
Nov. 23.
Nov. 25.
1890.
Nov. 28.
£
£
£
£
*
Circulation............ - . , ................... 25,216,725 25,510,355 24.995.590 24,630,510
Public deposits...........................
3,994,874
4,025,748
4,905,475
3,818 235
Other deposits.............................. 23,792,105 27,649,376 28,580,904 34,990,048
(Government securities..............
9,887,593 11,556,140
9,446,042 10.395.150
Other securities........................... 23,673,404 22,119,882 26,613.876 29,919,974
Reserve.......................................... 17,132,191 15,864,875 15,255,875 16,502.566
Gold and bullion.......................... 25,898,916 24,925.210 23,801,465 24,683,076
52
Prop, assets to liabilities per ct.
49 13-16
45 5-16
42 5-16
Bank rate.......................per cent.
3
3
4
6
Consols 2% per cent.....................
98 7-16
97
95 1-16
95 15-16
Clearing House returns..............: 114,284,000 115,579,000 115,214,000 114,216,000
Messrs. Pixley & Abell write as follows under date of
November 2 3 :
Gold—Prices of gold are hardly as strong as at the date o f our last,
but ills demand has not m aterially diminished. Arrivals at the
B i n t are £ 3 7 ,0 0 0 . Against this, £ 1 1 0 ,0 0 0 lias been withdrawn for
the Continent. Shipments to Bombay, November 2 1rd, £ 1 0 ,0 0 0 .
Arrivals: South Africa, £ 6 9 ,4 0 0 ; Kiver Plate, £ 2 8 ,0 0 0 ; Australia.
£ 2 0 0 ,0 0 0 ; New York, £ 8 ,0 0 0 .
Silver—A sharp recovery to 323id. at which, however, it was im
possible to sell, was followed by a reaotion, and quotations again fell
to 32% d. A t tills level there was considerable Inquiry, and short
supplies caused 323gd. to be fixed to-day. Shipments to Bombay,
£ 8 3 ,1 0 0 ; China, £ 1 3 7 ,7 0 0 ; Japan, £ 3 6 ,0 0 0 . Arrivals fiom New York,
£ 1 1 4 ,0 0 0 .
Mexican dollars—No parcels of importance have been placed, and
prices are nominal at 3 2 l4d. Shipments to Penang, £ 6 2 ,6 0 0 . Arrivals
from New York, £ 5 6 ,0 0 0 .
The following shows the imports of cereal produce into the
United Kingdom during the first twelve weeks of the season
compared with previous seasons:
IMPORTS.
1893.
1892.
1891.
1890.
Im portsofw heat.ow t.lfi,0 6 6 ,3 9 5 1 6 ,6 0 0 ,9 9 8 18.8 6 8 ,5 9 9 1 6 ,0 6 4 ,6 73
Bariey............................ 7 ,7 8 9 ,7 8 0
5 ,4 7 7 ,1 9 6
6 ,9 0 5 ,4 4 4 7 ,0 4 3 ,6 5 2
Oats................................. 3 ,4 5 0 ,1 3 3
3,5 6 1 ,9 9 8
3 ,5 9 9 ,4 0 6 2 ,8 9 8 ,6 1 5
Peae................................
6 3 2 ,6 9 6
507 ,3 2 2
7 2 2 ,6 7 7
3 2 4 ,2 2 2
Beans............................. 1 ,1 5 5 ,9 1 4
1 .2 2 1 ,0 8 6
94*2,687
6 4 2 ,6 8 0
rndi:tn corn................. 6,3 7 0 ,1 0 8
7,7 1 6 .4 0 2
4 ,2 8 9 .3 0 3 7 ,4 8 0 .7 2 7
Flour.............................. 5 ,252,181
5,0 7 1 ,7 5 5
3 ,6 6 6 ,2 5 7 3 ,3 6 0 ,3 3 2
Supplies available for consumption (exclusive of stocks on
September 1):
1893.
1 8 92.
1891.
1890.
W h e a t.................. cw t.1 6 ,0 6 6 ,3 9 5 1 6 ,6 30,998 18,8 8 ,593 1 6 ,0 6 4 ,8 7 3
Imports of flour......... 5 ,2 5 2 ,1 8 L 5 .0 7 1 .7 5 5
3 ,6 6 6 ,2 5 7
3 ,3 6 9 .3 3 2
tales of home-Krown. 6,1 3 0 ,0 0 5 6 ,4 8 8 ,48L
8 ,1 4 0 ,4 4 2 1 0 ,2 0 7 ,8 5 6
Total....................... 2 7 ,4 43,581 2 8 ,1 6 1 ,2 3 4
1 8 93.
1 8 92.
Aver, prloe wheat weeh.27s. 4d.
27s. l i d .
Average price, s e a so n ..2 6 s. l i d .
28a. tid.
3 0 ,6 7 5 ,2 9 8
1 8 91.
38s. 9d.
36a. 9d.
2 9 ,6 4 1 ,8 6 1
1890
32s. 9d „
32a. Id .
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom :
This week.
Last week.
Wheat....................... qra.2 ,6 9 3 ,0 0 0
Flour, equal to
qra. 3 0 0 ,0 0 0
Maize.........................qra. 3 1 3 ,0 0 0
2,7 3 6 ,0 0 0
191,000
2 6 1 ,0 0 0
1892.
2 ,2 2 7 ,0 0 0
4 0 2 ,0 0 0
3 6 3 ,0 0 0
1 8 91.
2,6 1 3 ,0 0 ©
3 3 3 .0 0 0
1 9 6 , 00 (V
THE CHRONICLE.
D ecember 9, 1893.]
T h e d a ily d o l i n g q u o t-itio n a f o r s e c u r it ie s , & c ., at L o n d o n
a r e r e p o i i e i b v c a b le a s f o l l o w s f o r t h e w e e k e n d in g D ac. 8 :
London,
Mon.
Sat.
Tati.
Wed.
9S% a
do so g f t o *
99-32%
76%
6S-%
96%
130%
52"s
56%
105%
15%
73
76%
66%
96%
130%
52%
56
105%
15*4
.77 %
*22%
23 ^
51%
51%
11
22%
ll
22%
10%
16%
p la c e b e fo r e o u r re a d e rs t o -d a y th e d e ta ils o f G o v e r n m e n t
r e ce ip ts an d d isb u r se m e n ts fo r th e m o n t h o f N o v e m b e r . F r o m
th e fig u r e s f o r p r e v io u s m o n t h s
and in th at m a n n e r c o m p le te t h e sta te m e n t f o r t h e e le v e n
m o n t h s o f th e c a le n d a r y e a r s 1803 a n d 1893.
RECKtrw ( 0 0 0 a om itted!.
wm*
1883.
Onetoms.
1
91,1
m
Jaa......
F eb..., 16/031
March,. 10/F5
A p r il...
18,868
May....
S.BK.
If&er't lUil'if. S u f t joint.
Rev*u* Fund 8*nml
i
*
12,0 /
0
14,064
July-..
A n *...
Bept,...
UMi
1
1
207 UMfil 35,21.0) 17.301 11,011
312 2,40*1 30.488 : 18,783 12,18,
322, usaol *Ma>j 16.415 12,134)
11,2a12*931
m ij» )l m M i
m 2J20/1 30272
m i 1,750 30.961
m
1.513 31.C20
11,720
tS£l£
J a n e ...
t
*
X.Mk,
Inter' i limp. 3tuc' : rot.il.
Rev'ue) Fund. N>c«]
Qmtmm.
14.063
14j m
12.145 10,3563
166 E163
12,570 11,468
7V7> 514
11.00C* 12,736 1,055
817;
10,210 12.0*54 i j m 1.707
24,087
25,290.
25618
25,010
t
t
m
5
7
S12
i&mi
41?
12.002 13,47814,818; 14,783;
17^03 14,866
18272 14,063
17,210 lS.TSfli
18/366; 14,154
14,269: 13.051
270
261
257
555
4
3
$
Total.......... 2 0 ,1 3 4 ,6 2 7 2 0,2 45 ,1 6 3 2 0 ,7 27 ,1 8 3 2 1,1 97 ,9 3 8 2 1 ,2 5 0 ,2 7 9
97%
9 3 1 ,a
c o u r te s y o f th e S e c r e t a r y o f th e T re a s u r y , w e a r e e n a b le d to
p r e v io u s r e tu rn s w e o b t a in
Dec. 1,
$
p.-d.
E x p k n d it o r e s . — T h rou gh th e
and
Nov. 1.
$
1,1 0 3,80 9 1 ,3 3 5 ,6 1 4 1 ,1 7 9 ,0 8 4
In solv’ t bks., 1.0 1 8,52 8 1 ,003,98
utqnid’g b k s .. 4,7 6 0,90 5 4 ,S 12,3 42 4 ,8 3 1,25 3 4 ,7 3 2 ,4 0 0 4 ,6 6 6 ,6 5 »
S ed ’ o’g andr.
a ct o f ’ 74..* 14,6 55 ,1 9 4 14,4 23 ,3 3 8 1 4.7 9 2 ,1 2 6 15,1 29 ,9 2 4 1 5 ,104,53l>
C o m m e r c ia l a m i n a t s c e l l a u c a a s B c to »
G overnm ent R evenue
Oct. 1.
*
$
32%
Thurs.
32%
32
97 ’ ie 0775
76%
66%
96
130%
52%
56%
105%
15%
78
22?*
23%
51%
11
22%
16%
Sept. i .
0 '.profits by— August 1,
EutiUU Fta*niot«i a d r ttu w -t's r CaOin.
S llr e r , per o t .................rf; 3U%a 3 U 'W 3U<%8
O jasuis,new ,2% perett.; flip. a 98%
7
9S%
do lor accoun t........ 98j 18 98%
Ptfoh rentes (in Paris) fr* 99 45 09-67% 09-57%
U . 8. 4s o f 1 9 0 7 .. , .......
77'%
76%
Canadian P acific............ 77 %
67 7g
67%
Calc. Mil. A St. P a u l___ es-'a
97*9
96%
96%
Illinois Central............ .
132
Lake Shore.................... 132% 132%
53%
52%
LbolavtUe & N ashville.. 51%
56%
56%
M exican Central 4 * ....... 57
1054i
N. Y . Central ,te Hudson,; 106% 105%
15%
15%
N Y. Lake Erie A W en'll 3 6*4
78%
70
do
2d con*............ 79%
22%
22%
Norfolk & W e s t e r n , pref. 23%
24%
23%
N orthern Pacific p re f... 25
51%
51%
Psnnayl vanla.................... 51(%
1L
11
Ptdladalphla <k Reading. 11%
23%
Union Pacific....................
2 2 ra
17%
16%
W fth&ab p re f.. . . . . . . ___ 17%
987
£
2.129 31.590
1.727 30,75-5
1,2m 30,019
2,404 20,074
3,042 20.482
1,580 31,219
2,213 34,571
1.1 H 3-4.033
858 31,841
768 Sl,«36
1.4SD
B r e a d s t u f f 's F i g u r e s B r o a g l n I 'c o m P a i e 1 0 0 4 — T h e
m o v e m e n t o f b r e a ls t u if s t ) m a r k e t is in d ic a t e d in t h e
sta te m e n t b e lo w , p rep a red b y u s fr o m th e fig u re s o f th e N e w
Y o rk P ro d u ce K xch aD ge,
W e first g iv e th e r e c e ip ts a t
W e ste r n la k e a n d r iv e r p o rts, a r r a n g e d so a s to p re s e n t t h e
c o m p a r a t iv e m o v e m e n t f o r th e w e e k e n d in g D e c . 3, 1 8 9 3 ,
an d sin ce A u g u s t 1, f o r e a c h o f th e la st th r e e y e a r s :
Receipts at—
Flour.
Wheat.
Oats.
Com.
Tot.wk, ’03.
172.077 3.317.20? 8,183,793 1,903,795
914.834
Same irk,*02.
290,529 6/491,760 1,929,733 2,293,592 1,218.181
Same wls.’tu.
200,315 6,509,183 3,218,527 2,278.505 1.009,677
Since Aug, 1.
1893........ 5,801,881 59,622,061 53,188,835 51,120,831 15,971,731
1802 ......... 8,130,706 136,975.015 43,152,278 47.650,81) 15,701,83
1391.......
4.681,329 127.375 117 87,512 73^ 45.415.070 15.871,319
T h e r e c e ip w o f H our a n d g r a in a t m e s e a o o a r a p orts
week e n d e d D e c . 8 , 1893, follow:
flo u r ,
Corn,
Wheal,
Oats,
Barley,
bbls.
A l—
bush.
bush.
bush.
bush.
N ew Y ork.. .210,888 1,225,375
870,212 497.001 313,025
B o s t o n ....... 80,552 221,420 332.417 210,330 13 850
M ontreal. . . . 10,713
10 .110
600
27,501
1.593
P0fla4elpliia. 61.196
11,870
6 2 ,7 2 6
91,330
Baltimore.. . 77.390 101,511 213,811
5,000
R ichm ond. . 5,275
24.800
8,04 2
9,930
New Orleans. 5,852 178,050 133,090
74,973
........
175.052446.78^ 2,833:17.877 343.248
vm .
1892.
N.Uk,
In . N .B k J total.
fn~ ! m&'p. Total. . Ordi- j P in Ited'p.l
stem* tere»i: Fuad.
! nary. adorn. t-ermi FutuL I
OrdU- ! Pen-
nary.
»
3 m .......
F e b .»,,
M a rch A p ril...
M a r ....
3 u m ..
m 1....
a m . ..
Bern-...
O c t . . ..
S ot....
*
»
13.09*4 7,101
17,0-40 13.406
3U
17,114 i s m q
«70
15/471 - 2 j m 5,090
*
1
dm
U^9fr
2m
i & j u .m
17,7011 u j m
7.m i
2i,«43| U M *
mr*\
ii,
M .H 5 10.737
16,66? 10,3 It- 2,m*
18,C63j u j a o 2.900
I t toot. im ,M V W BA 0
*
904;
8U j
740 i
sasj
« * '!
49))
41H
29i|
9801
44«!
i,a$2
*
39.25:? ■
31,677
32,373
33,771
*
16,980.
13,037
H.557
15,5 “9,
m & u 14,658
29,286 lft.Blsj
40,004 f 15,051]
s& ssel 17,632!
25,698’ v & n
30.035
, ?
32/181 15,844;
1433
<
*
10,522 8,673
764
HM t
248
13,414
12,705 1,706
12.00- 4,073
12,122
14,235 7,048
13,478
330
2*7
12.654
11,682 5.153
13,432
365
i
*
1.488; 83,M3
1,519 27,482
1*206 2U.425
.
8X.093
1,022} | 32,662
1.0181 28,04 S
»us 37,249
641! 32,081
725 28,917
693] 31.“81
1.108: 30.749
1 0*1
47,070! 0.045 359,371 169,105'13H.7! 4 W,«E6 11,374 *346,143
fo r m e
Bye,.
bush..
17,800
1,20 0
3,210
6 ,2 5 7
560
1893,
1892.
3.
316,412
5.
361,673
1890,
W eek
D ec. 6 .
3 2 6 ,8 5 3
1.315,523
1,510.585
1,894.062
4 10.099
110,452
6 5 3 ,7 3 1
5 9 0 .0 8 0
1 ,3 3 8 ,3 5 5
3 3 2 ,9 6 0
9 1 ,9 6 1
5 ,2 0 0 ,7 2 1
3 ,0 1 2 ,0 9 0
Week
Roar.
1891.
Week
Week
D ec.
D ec
■ b b ls.
509,221
W heat............... bash.
628,634
C o r n ..................................
0 * t « ...................................
8o i i 0 U
8 -19,317
23,746
840,613
557,556
1,238,793
487,7 U
93,747
3 ,2 1 8 ,1 2 2
Barley.........................
MSBOaSEMEKTS (0 0 0 * OinllteO.)
1,572 952
4,890,097
11,179,233-
Dee. 2.
T o l a ! ......................... 2 ,5 2 1 .1 2 9
3‘
I7JS81 n
I
13*1,701 4 i n
11 m m .
to
65
67.810
119,467'
331,018
Tot. week. .451,863 1,305,757 1,715,020 915.631 329 063
29,017
Week 1892. .403,230 2.320,221 1,311.8 J3 704,930 351,501
23,106
B e lo w a re th e r a il sh ip m e n ts o f flo u r a n d g r a m f r o m
W e ste rn la k e a n d r iv e r porta f o r fo u r y e a r s :
8 y e ................................
O ct —
S ot....
Bye.
Barley.
Sbls.imbs Bmh,mibs Bwh.bd lbs Bush.33 lbs Bush.48 lb Bt*,56 lbs.
77.743
37,810
Ohtca«o .....
811.337 1,631,801 1.192.60S
297,305
19,800
203.450
Sj.sOJ
359,2i 0
50,9*7
157,000
tfliwaakee...
9,016
9*0.656
Duluth— ..
54,8)7
1,2)6,370
*tiimeapoli8.
E912
192.000
283,20
2.9)0
roledo— ...
3,500
114.191
27,03 L
3,889
Detroit.,....
32 630
8,352
.....
25,000
20,000
6.000
40 000
1,500*
Oleyelaml.,.,
5,000
103.034
667,300
St. Loala.....
17,820
155.100
121,500
2,8)04,050
13 200
458.000
227.700
Peoria........
2,400
68,601
Kansas City,
112,979
23,66
857
176,391
The exports from the several seaboard ports for the week
ending lir a . 3, 1803. are shown in the annexed statement:
Bxports
from —
Wheal.
Corn,
Flour.
Oats.
Bye.
P«o».
Bush.
Bush.
Bbls.
Bush.
Bush.
B ash.
352.720
72,831
•ta;ooo
PWladel.
S a it im ’ t©
V Orl’n»,
.
V, Newa.
3i0,59i
74,321
4 4,210
32,464
39,171
fewYork
20,130
34,288
111,998
60,000
M o n tr e a l
83,99 1
21,311
2 7.8 >
4
29,937
1,015
21,199
25,826
2,000
___r^
______
_____
m .m m
m m
......
.........
tot week
387,902
V m e t im e
1 8 9 2 ..
1,(101.477
-
_____
621,328
181,428
27,826
684,414
313,387
215,992
3,734
______
______
,, „
,_____ _
.........
3,734,
21,251
199,151
C h a n g e s is L e g a l T e n d e r s a n d N a t io n a l B a n k N o te s to
D e c e m b e r 1.— T h e C o m p t r o lle r o f th e C u r r e n c y h a s fu rn ish e d
u s th e f o llo w in g , s h o w in g th e a m o u n ts o f n a tio n a l b a n k n o te s
N o v , 1,
a n d th e
ch a n ges
n o te s u p
t o g e t h e r w it h th e a m o u n ts o u t s t a n d in g D c . 1,
in cre a se o r d e cr e a s e d u r in g th e m o n t h ; a lso tlie
in le g a l te n d e rs h e ld f o r th e r e d e m p tio n o f bank
to D e c e m b e r 1:
Jfatianal B a n k Hint*
Amount outstanding Nov, 1, 1*93.
Amount temied during Nov .
Am ount retired daring Nov
,209,214.106
*631.621
993,999
Amount outstanding Dec. 1 ,1 8 9 3 '.
363,378
S208.850.78S
Legal Tender Notes—
Amount on deposit to redeem national bank
notes Nov. 1, 1893.........................................
A m oaut deposited d u r i n g N o v ......., .............
Amt. reissued A tank note* re tlre l in N o v .,
*1,048.242
995,90 i
*21,197,938
52.341
Amonnt on deposit to redeem national bank,
n o t e s Deo. 1 ,1 6 9 3 ..........................................1
____________ *21,250,279
' Gtnmlattoii o f National Gold Banks, not Included In above, $97,317.
A c c o r d i n g to t h e a b o v e th e a m o u n t o f le g a l te n d e rs on
d e p o s it D e c e m b e r 1 w ith th e T re a su re r o f th e U n ite d S ta tes to
red eem n a tio n a l b a n k n o te s w a s §21,250,279. T h e p o rtio n o f
th is d e p o s it m a d e ( 1 ) b y b a n k s b e c o m in g in s o lv e n t, (3) by
b a n k s g o in g in to v o lu n ta r y liq u id a tio n , a n d fS) b y b a n k s re
d u c in g o r r e tir in g th e ir c ir c u la tio n , w ag as fo llo w s o n th e first
o f e a c h o f th e la st fiv e m o n th s :
at th e p r in cip a l p oin ts o f a c c u m u la t io n a t la k e a n d s e a b o a r d
p orts, D e c . 2, 1893:
B a rley,
C om ,
Wheat,
Oats,
Rye,
bush.
bush.
bush.
In store at—
bush.
bush.
S e w Y o r k ........... 19,489,000
20,0 0 0
611,000 1,974,000
52,000
1,539,000
8,000 2 2 1 ,0 0 0
D o a flo a t...
225,000
81,000
6 5 ,0 0 0
l l b a n y .................
35,000
155,000
5,000
39,000
B u ffa lo _________
2,831,000 1,312,0 )0 ■ 208,000
j k l o a ^ o . ............... 19,394,000 1,679,000
1 0 4 .0 0 0
636,000 245,000
840.000
14,000
18,000 1 2 3 .0 0 0
M U w a u k ee........
18,000
7,979,000
5 5 ,0 9 0
..
D o a f t o a t ....
138.000
31,000
258,000
15,000
T o l e d o ................. 2,313,000
3 9 .0 0 0
1,000
24,000
33,000
D e tro it.................. 1,419,000
__ .
__
O s w e g o ...............
2 1 0 ,0 0 0
40,000
90,000
5 2 00(1
2,000
57,000
97,000
4t, L o u i s .............. 5.4C8.000
5,000
10,000
25,000
24,000 1 6 8 ,0 0 0
J ln c ln n a t i.........
7,000
2 0 ,0 0 9
541,000
B o s t o n ................... 1,003,000
5 2 .0 0 0
T o r o n t o ___ . . . .
139.000
12,000
36,000
5 5 .0 0 0
31,000
M o n t r e a l ............
635,000
...............
524,000
P h i l a d e l p h i a . ..
403,000
165,000
1,000
'T o 00
117,000
101,000
103,000
P e o r i a .................
172,000
2,000
I n d i a n a p o l i s .. .
83,000
76,000
11,000
25,000
450,000
1,000
X a n s a s C i t y ___
B a lt im o r e ............
M in n e a p o lis ___
O n M is s is s ip p i.
O n L a k e s ...........
On c a n a l & r iv e r
T o tals—
1,843,000
10,610,000
69.000
1,374,000
96,000
400,000
163,000
857,000
174,000
8,000
203,000
33,000
240,000
63,000
1.000
8.000
70,000
5 4 8 ,0 0 0
D ee.
2 , 1 8 9 3 . . 7 8 , 0 9 1 , 0 0 0 7 ,0 8 1 ,0 0 0 4 ,2 5 5 ,0 0 0
N o v . 2 5 , 1 8 9 3 . . 7 7 , 2 3 6 , 0 0 0 7 ,5 2 0 ,0 0 0 --- :8 3 4 ,0 0 0
r ----------- 4
6 0 6 ,0 0 0
D ee.
3 , 1 8 9 2 . . 7 2 , 5 8 1 . 0 0 0 1 0 ,6 9 1 ,0 0 0 7 ,5 7 1 ,0 0 0 1,3 1 0 ,0 0 0
D ee.
5 , 1 8 9 1 . .4 1 ,1 5 3 , 1 2 4 2 .2 2 6 .7 5 3 3 ,7 8 5 ,0 6 6 2 ,2 6 8 ,7 2 2
D ee.
6 , 1 8 9 0 .. 2 4 , 5 6 9 , 3 3 1 2 ,2 7 8 ,3 8 5 3 , 3 9 9 ,8 7 5
4 9 3 ,8 5 4
1 8 9 ,0 0 0
6 4 5 ,0 0 0 ■
6 0 ,0 0 0
3 .3 4 2 ,0 0 0 3 ,6 3 8 ,0 0 0
2 ,7 7 5 ,0 0 0
2 ,7 6 5 ,1 9 0
4 ,6 0 8 ,4 7 3
|V o l . LVII.
THE CHRONICLE.
968
B
H
N
B
. —The following interest
ing statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
bant circulation and to secure public moneys in national bank
depositaries on November 30.
onds
eld b y
a t io n a l
anks
U. 8. B on d s H eld Nov. 3 0 ,1 8 9 3 , to S ecu re —
D e scrip tio n o f B onds.
P u b lic D eposits
i n B a n k s.
Bank
C ircu la tion .
Total H eld
2 per oents..........................
4 per o e n t s .......................
$1 ,1 7 0 ,0 0 0
1 ,163,000
1 2 ,2 03,000
$1 6 ,5 4 2 ,0 0 0
22,3 5 5 ,3 5 0
17 0 ,0 4 4 ,7 5 0
$ 17,712,000
23 ,5 1 8 ,3 5 0
1 8 2 ,2 4 7 ,7 5 0
Total..............................
$1 4 ,5 3 6 ,0 0 0
$208,9 4 2 ,1 0 0
$ 2 2 3 ,4 7 8 ,1 0 0
I
E
W
.— The following are
the imports at New York for the week ending for dry goods
Nov. 30 and for the week ending for general merchandise
Dec. 1 ; also totals since the beginning of the first week in
January.
mports a n d
xports
for th e
eek
FOREIGN IMPORTS AT NEW YO RK .
F o r Week.
1890.
D ry G oods........
Gen’l mer’ dise.
1 8 92.
1891.
$1 ,9 7 6 ,5 5 6
7 ,3 5 4 ,3 7 0
$2 ,0 6 0 ,5 3 0
8,6 3 4 ,1 5 5
1893.
$1 ,1 2 0 ,6 0 2
6 ,4 15,891
$1 ,6 6 6 ,1 9 7
5 ,340,495
$ 7 ,0 0 6 ,6 9 2
$ 9 ,3 3 0 ,9 2 6 $1 0 ,6 9 4 ,6 8 5
$ 7 ,5 36,493
Since Jan. 1.
Dry Goods........ $138,4 5 2 ,6 6 9 $ 1 0 7 ,8 7 0 ,0 2 4 $117,3 4 3 ,0 6 5 $113,5 6 7 ,2 4 5
Gen’l mer’dise. 36 5 ,9 3 9 ,3 3 3 3 7 6 ,3 3 1 ,4 4 4 4 1 2 ,3 3 7 ,6 9 5 3 9 0 ,4 8 9 ,2 4 5
Total 48 weeks. $ 5 0 4 ,3 9 2 ,0 0 2 $484,2 0 1 ,4 6 8 $ 5 2 9 ,6 8 0 ,7 6 0 $ 5 0 4 ,0 5 6 ,4 9 0
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending December 5 and from January 1 to date :
EXPORTS FROM NEW YO RK FO R THE W EE K .
1890.
For the w eek..
Prev. reported.
1891.
1892.
1893.
$ 7 ,4 26,805
3 2 0 ,4 4 9 ,5 8 0
$10,70 5 ,8 7 7
343,67 2 ,0 4 6
$8 ,0 2 3 ,2 2 9
3 5 2 ,7 3 0 ,7 5 6
$7 ,1 7 1 ,5 0 6
3 4 2 ,5 95,162
Total 48 weeks. $ 3 2 7 ,8 7 6 ,3 8 5 $ 3 5 4 ,3 7 7 ,9 2 3 $360,7 5 3 ,9 8 5 $349,7 6 6 ,6 6 8
The following table shows the exports and imports of specie
at the port of New York for the week ending Dec. 2 and since
January 1, 1893, and for the corresponding periods in 1892
and 1891:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Exports.
Gold.
Week.
Imports.
Since Jan. 1.
Week.
Since J ah. 1.
(Great Britain.............
France...........................
G erm any......................
W e st Indies.................
M e x ic o ..........................
South Am erica..........
All other countries..
$ ............. $ 1 6 ,7 0 0 ,2 0 7
17 ,9 9 0 ,1 0 2
2 5 ,4 5 3 ,1 0 0
112,000
8 ,0 87.256
1,000
19,468
1 ,1 8 2 ,0 7 0
1,0 1 3 ,4 2 0
$ ............. $ 3 0 ,2 3 5 ,5 8 2
1,448
8 ,781,178
13 ,3 8 6 ,7 9 1
650,591
7,5 0 5 ,7 1 8
867
60,6 8 4
10,256
1,7 3 3 ,0 5 6
1,000
138,561
Total 1 8 9 3 .......
Total 1 8 9 2 ...........
Total 1 8 9 1 ...........
$1 1 3 ,0 0 0 $70,44 5 ,6 2 3
1 ,6 37,200 6 1 ,6 34,853
87,332 7 5 ,9 16.863
$66 4 ,1 6 2 $ 6 1 ,8 4 1 ,5 7 0
220,531
8 ,292,568
527,209 29,081,351
Exports.
Silver.
Week.
Imports.
Since Jan. 1.
Week.
Since Jan. 1.
Great Britain.............
F ra n c e ..........................
G erm any......................
W est Indies.................
M e x ic o ..........................
South Am erica...........
AH other countries..
$757,675 $ 28,673,391
132,198
1 93,000
516,147
660
110,003
469
42,3 2 3
1,065
$2,937
7 88.0*0
596
49,544
979,509
1,182,637
136,416
Total 1 8 9 3 ...........
Total 1 8 9 2 ...........
Total 1 8 9 1 ...........
$758,144 $29,66 7 ,7 2 2
75(1*950 2 0 ,6 54,766
531,787 19,403 208
$1,065
10,100
5,222
$3 ,1 3 9 ,6 7 9
2,947.303
2 ,576,108
Of the above imports for the week in 1893, $9,411 were
American gold coin and $201 American silver coin. Of the
exports during the same time $113,000 were American gold
coin.
City Railroad Securities—Brokers’
Bid. Ask.
Atlantic Ave., Brooklvn..
Gen. M. 5?>, 1909... Y&O
Bleek. St. & Ful. F.—Stk.
1st mort., 7s, 1900.J * J
B'way & 7th A re.-Stock.
« 1st mort., 5s, 1904.J&D
.
k 2d mort ,5 s, 19»4.. J & J
C B ’way 1st, 5s, guar 1924
t 2d 5s, int as rent’1.1905
Brooklyn City— New <*ik.
B ’k'yn Cro^st'D 5s. 1903
Brk C. A N. 5s, 1938 J&J
Brooklyn Traction..........
Central Crosstnwn—Stk..
letm n rt, Os, 1922.M&N
Cen. Pk. N.& E .K iv.-S tk
Consol. 7s, 1 9 0 2....J&D
Chrlst'p’r & 10th St.—Stk.
1st mort., 1898 ....A & O
100*
107
185
100
100
100
90
104
105
102
15
135
115
145
110
105
........
30
190
1G6
:o4
17
120
150
130
N. Y. and Brooklyn lias Securities—Brokers’ Quotations.
GAS COM PANIES.
Bid.
Brookivn Gas-Light........ 113
HO
Citizens' (Brooklyn)........
Jersey City & Hoboken.. 180
105
145
Nassau (Brooklyn).......... 140
Scrip..................................
80
People's (Brooklyn). -
Ask. j
120
GAS COMPANIES.
60
150
100
85
Shares.
60 Long Island Tract. C o .. 19
115 Sixth Ave. R R .................201
1000 Riddlesburg Coal & Iron
Co., $ 5 0 each................$9 lot
275 Great Western Ins. Co.,
$ 4 0 each ($30 per sh.
paid in liquidat’n) .$ 3 0 5 lot
9 Iowa Land & Loan Co. 74
|Third Avenue.................... 163
1st mort., 5s, 1937 J&J 112
...... i Twenty-Third St.—Stock.
105
194
80
32
Bonds.
$ 1 0 6 ,0 0 0 South Car. 6s, 1888,
Jan., 1872, coupons....... $ 2 ,5 0 0
$ 2 3 ,0 0 0 North Car. 6s, 1898,
April, 1870, coupons......... $675
$ 4 8 ,0 0 0 North Car. 6s, 1898,
April, 1 8 69, coupons___ $1,4 1 0
$ 8 ,0 0 0 Mac’ll & Bruns. RR.Co.
7 8 ,1 9 0 0 , Nov. 1873, coups.$9 lot
$ 1 5 ,0 0 0 Mac.&Bruns. RR.Co.
2d 7s,1883,A p r.,1872,coup .$3 lot
By Messrs. Adrian H. Muller & Son :
Shares.
358 L 'n g ls l. Traction Go. 18 *4-18 *s
480 People’s Gas-Light Co. of
Brooklyn........................... 75
246 B ’klyn A N. Y. Ferry Co. 186
140 Third Ave. RR. Co........... 162*s
90 Dry Dock E . B. & Battery
R R .C o ........................ 123-125
1082 Brooklyn City R R ......... 1 6 5 3
4
16 Manhattan Co. B ank___ 185*2
16 Hanover Nat. B a n k ....... 310*4
3 4 1st Nat. Bank of B’k ly n .450
80 Mechanics’ N at.B’k, N .Y . 182*2
62 Manufacturers’ Nat. B ’k
of Brooklyn...................... 220
52 Bank of Am erica............. 192
32 Bank of Commerce......... 176
32 Nassau Bank of N. Y . . . . 1 6 2 *2
80 Oswego &Syrac’eR R . Co. 185%
80 Williamsburg Gas-L. Co. 141
6 Metropolitan Ga-s-L. Co.
of Brooklvn..................... 150*2
10 Buffalo Gas-L. Co............ 129
16 U. 8. Warehouse Co......... 4 5 %
17 Merchants’ Nat. Bank of
A lb a n y .............................. 191
45 Nat. Butchers’ & Drov
ers’ Bank of N. Y .. 178-181
6 Mechanics’ JB'kof B ’klyn.266
14 Commercial
Bank of
Brooklyn, $ 6 0 each___ $2 lot
2 Brooklyn Life Ins. C o.... 123
10 Ampliion Academy Co. of
B r o o k ly n .......................... 95
10 Ninth Ave. RR. Co...........131
2 Bank of America, N. Y . 195
52 42d 8t. & Grand St. Ferry
RR. of N. Y ............. 291-295
20 Oriental Bank, N . Y ......... 231
8 Coney Island & Brooklyn
RR. Co.................................150
18 National Agency Co.........125
39 N. Y. & N. J. Telep. 00.89-90*2
48 Union Ferry Co. of N. Y.
& Brooklyn...................... 65*2
200 Copper Queen Consol’d
Min’g Co., $10 each $12 p. sh.
50 Yellow Pine Co. p ref___ 80
36 Market & Fulton Nat.
Bank.......................... 210-210*2
1 U. S. Trust Co.................... 811*2
Bonds.
$6 0 0 ,0 0 0 Macon A Birmingh.
RR. bonds, due 1 9 3 0 .$ 6 0 ,0 0 0 lot
$ 2 7 ,0 0 0 B ’klyn & N. Y . Ferry
Co. 1st 6s. 1911. J&J,
118-118*4 & int.
$ 7 ,5 0 0 Yates Ave. & Flatbush
RR. of B ’klyn 1st 5s exten.
bonds, J&J,
100*2 & int,-100*4 & int,
$17,500 Broadway RR. Co. of
Brooklyn 1st exten. 5s, J & J,
100*2 & in t,-100*1 & int,
$ 8 ,0 0 0 N. Y . Prov. & Boston
RR. 7s, 1899, J&J. ..115*8 & int,
$2,0 0 0 Brooklyn City Public
Park Loan 7s, 1 9 lh , J&J,
135 & int.
$ 1 ,0 0 0 Metropolitan F'ry Co.
1st 5s, 1937, M & N . .. .101 & in t
$ 2 ,0 0 0 Central Cross Town
RR. 1st 6s, 1922, M &N. 114 & int.
Bonds.
$9,500 City o f B rooklyn Per
manent Water 6s, 1896, ex.
Jan. int................................... 103*2
$3,000 So. B ’klyn Cent. RR.
1st 7 b, 1897, F&A,
104*3 & int.-105*8 & int
$1,000 Grand St, & Newtown
RR. Co. o f B rooklyn 1st 5s,
1906, A & O .................103*2 & in t.
$2,000 Atlantic Ave, RR. Co.
o f B rooklvn 1st cons. 5s,
1909, A&O................. 102*2 & int.
; $4,000 New W illiamsburg &
Flatbush RR . Co. o f B’klvn
! 1st 7s, 1897, F & A .......106 & int.
$4,000 N. Y. & So. B rooklyn
Ferry & Steam Transp. Co.
1st 5s, 1906, M&N___ 100 & int.
; $1,000 Second Ave. RR. of N.
Y. 5s gen’l, 1909, M&N,
101*2 & int.
$5,000 B rooklyn Cross T ow n
RR. 1st os, 1908,J&J.104% & int.
$2,000 Citizens’ Gas-L. Co. of
B rooklyn 1st 5s, 1905,
A & O ........................................ 100 &int.
$1,000 State o f Florida 6s,
1903, J& J...........................110% &int.
$2,000 P rospect Park & C. I.
RR. o f B rooklyn 1st 7s,
1895, J& J...........................101*2 &int.
$2,000 N. Y. & N. J. Teleph.
Co. 1st conv. 6s, 1903, M&S,
100*2 & int.
$1,000 Coney Island & B’ klyn
R R . 1st 5s,1903, J&J. 101*2 & in t
$3,000 Conev Island & B’klyn
RR. 6s, 1910, J& J........100 & int.
, $5,500 Union F erry Co. o f N.
Y. & B rooklvn 1st 5s, 1920,
! M&N........... . ..................100 & int
j $3,000 South B rooklyn Cent.
RR. 6s, 1897. F & A .. 101 *4 & int.
$4,000 42d St. Manhat. & St.
Nich: Ave. RR. 1st 6s, 1910,
M&S.............................llO S g & in t.
; $1,600 Nassau Gas-L. Co. 5s,
certificates o f indebtedness,
M &N........... ....................100 & int.
$3,000 Dry D ock E. B. & Batt.
RR. 5s, certs, o f indeb’ ness,
1914, F & A .95% & int.-95*2 & int.
$1,000 Heeker-Jones-Jewell
Milling Co'. 1st 6s, 1922,
M&S..................................... 100% & int.
$1,000 Grand St. & Newtown
RR. Co. o f B rooklyn 1st 5s,
1906, A & O ......................... 103*4 & int.
1$500 H ouston W est St. & Pavonia Ferry RR. 1st 7s,
1894, J & J ...........................100*4 &int.
$3,000 B rooklyn City RR. Co.
1st 5s, 1941, J & J ... .108*2 & int.
$1,000 Atlantic A ve. RR. Co.
of B rooklyn 1st 5s, 1909,
A& O.....................................102*3 &int.
$1,400 B’klyn & N. Y. Ferry
Co. 6s, certs, o f indebted
ness, 1911. M&N.........105 & int.
$12,000 The American W ater
W. Co. 1st cons. 6s, reduced
to 5s, 1907............................. 75
a n d
D. D. E. B. & Bat’y—S tk .. 123
100
- Scrip................................. 95
Eighth Avenue—Stock___ 240
Scrip, Os, 1914................. ' 00
42d & Gr. S t Fer. Stk. 300
42d St.& Mau.& St.N.Av.
1st mort. Os, 1910..M&> 110
2d mort income 6s. J&J 57
H. W . St. & P, Fer.—Stk. 200
1st mort,, 7s, 1894.,.T&J 104
Long Island Traction----- 20 U
Metropolitan Traction .. 100
130
Second Avenue—Stock... 120
1st mort., 5s, 1909.M&IS
Ask.
150
Auction Sales—Among other securities the folio wine, no1
regularly dealt in at the Board, were recently sold «*t
auction.
By Messrs. R. V. Harnett & Co.:
Quotations.
Bid. Ask.
Bid.
Metropolitan (Brooklyn). 142
135
Bonds, 6 s ......................... TO
O
Fulton Municipal............. 130
105
190
Bonds, 6s.......................... 100
i Standard pref__________
75
Common..........................
T H E
M E R C A N T IL E
f f t u a u c ia l
N A T IO N A L
B A N *
OF T H E C IT Y OF N E W Y O R K .
No. 191 Broadw ay.
$ 1 , 0 0 0 , 0 0 0 1 S u r p lu s F u n d , -
100
105
C a p ita l.
56
112
62
WILLIAM P. 8T. JOHN, President. I FREDERICK B. 80HENCR. OamUr.
JAME8 V. LOTT, Assistant Cashier.
20%
107
125
102
200
lo6
300 *
$ 1 ,0 0 0 ,0 0 0
ACCOUN TS S O L I C IT E D .
S
BANKERS
a m u e l
AND
D .
DEALERS
D
tN
a v i s
NO. 4 4 W A L L S T ., N E W
Sa m u e l D . D a v is ,
Member N .
&
IN V E S T M E N T
Y . S tock E x oh a n g e.
C o .,
S E C U R IT IE S .
YORK.
C h a s . B. V a n N o str an u
D ecember 6, 18S8.J
X 'l i e
968?
THE CHRONICLE.
ja n k e r s '
■ P o s te d r a te s o f le a d in g b a n k e r s a re as fo llo w s :
(g a z e tte .
December 8 .
O I V I D K N B S ,
Xante o f Company.
Per [ When
Cent. Payable.
B tllr o id a .
Boston & A lbany (qtuir.).............
Boston A Lowell...... - ................
Chicago & Bast.Illinois prefdqu.)
Clevt- Cm. Chic. & st. L .p re i t<Wii
Connecticut River........................
8 . Y. <t B arlem .............................
Pennsylvania & Northwestern..
Rutland..............
......................
iillK e lia n t'O u s ,
Junc-r. Sug, Ref. pref. (qu.)..........
..................... pref. isenil-au.).
"
*’
“
e o » i (quar.).. .
Chicago Gas (q u ar.)..................
C om m ercial Cable iqn ar.)....... ..
HerrjnB-HaU-Marvlii pref. <qu.)
M aryland Coat p ref.....................
D ec.
•Tan.
Jan.
Jan.
Jam
J an.
Jan.
Jaa.
2
3%
1L
1U
5
4
2
2
Jaa,
m
3 S
I ’D Jau.
Jam
2
Bee.
2 *s Jan.
Bootes Closed.
(B a ys inclusive.)
30 Dee. 10 to
1 ------------- to
2 Dec. 15 to
2 ; Deo. 17 to
1
----- t o
o Dee. 16 to
1 0 — ------ t o
Deo. 31
Dee. 13
Jan. 2
Jan. 3
----------Jan. 2
-----------
1
2 Dec. 14 to Jan.
2
2
12
1
----------Dec. 2 2
Dee. 9
D ec. 17
to
to
to
to
----------Jan. 2
Dec. 12
Jaa. 1
W A L L ST R E E T . F R ID A Y . DECEM BER S . 1 S 9 3 -5 P. M .
a c c u m u la t io n o f m o n e y in o u r b a n k s— th e su rp lu s r e s e r v e last
S a tu r d a y b e in g $"6,096,900— is le a d in g t o a g o o d d e m a n d f o r
in v e s t m e n t b o n d s , a n d b u y e r s a r e g e n e r a lly t a k in g c h o ic e
b o n d s o n w h ic h th e r e w i l l b e n o c h a n c e o f loss. T h e ta k in g
o f n e w b o n d s b y b a n k e ts ' s y n d ic a t e s is a ls o a v e r y fa v o r a b le
fe a tu r e .
T h e d iv id e n d s o n s o m e o f t h e in c u s tria ls h a v e b e e n e n c o u r
p e r c e n t ca sh o n C h ic a g o Gas
a n d 3 p e r c e n t o n S u g a r w e r e e le m e n ts o f s tr e n g th , w h ile th e
p a s s in g o f th e c u m u la t iv e d iv id e n d o n G e n . E le c tr ic p re fe rr e d
w a s a p o in t o n t h e o t h e r aide.
T h e p a rt o f th e co u n try
w h e r e b u sin e ss w a s m o s t c o m
U n it e d S t a t e s B o n d s .— Q u o ta tio n s a re as f o l l o w s :
2
In terest Dcc. ! Dee.
Periods. 2 . j 4 .
s , ....................... reg.
48,1907...............reg.
4 s,1 9 0 7 ___,...o o u p .
6 s, our’oy,’ 95___ reg.
a, our’cy,’96-----reg.
6 s, our’ ey,’97-----reg.
s, onr’oy.’SS— reg.
s, our’oy,’9 9 -----reg.
6
6
6
r e v iv a l
of
tra d e
and
com m erce
m ay
be
A gradu al
lo o k e d
fo r
in
th e P a c ific C o a st r e g io n a n d a ll p a rts t r ib u t a r y th e r e to , a n d
t h e r e s u m p tio n o f th e ir b a n k s w i l l h e lp t o sh a k e o f f th e p a r
a ly s is w h ic h f o r a w h ile h e ld e v e r y t h in g in d e a d -lo c k .
The
Dec.
5.
Dec.
6.
Dec.
7.
Dec'.8
Q.-Meh. * 95 i* 95
Q .-J a n . n i 2 v n i 3
Q .-J a n . n i 3 ^ h i i 4
J. & J. * 1 0 1 * 1 0 1
J. & J. *104 *104
J. & J. *106 *106
J. A J. *109 *109
J. & J. * 1 1 1
*111
* 95 * 9 5
* 95
1 95~~
*113
1 1 3 1 9 *113
114
*114 *114% 115 *11443*101*3 *10119 *101*3 101 Ja
*103*3 *1 0 3 : 9 *103ia *I031 e <
3
*106 V *10619 *1061 *106is
a
*109i« *109 to *109ifl *1091*.
*1 1 1 % • lllia *11113 * 1 U ^
•This Is th e o r ie s hid at the m orning b o a r d : n o sale w as made.
Coins.— F o llo w in g a r e c u r r e n t q u o t a t io n s in g o ld f o r c o i n s :
Sovereigns........... $4 84 ® $4 90
®
Fine silver b a rs___ — 69% w —7 0 1 :
Napoleons............ 3 85 <a 3 90
Five francs ........... — 90 a — 9 5 X X Reielimaik* 4 70 8 4 SO
H exioan dollars.. . — 58*s®—57Js
25 P esetas.......... 4 75 » 4 85
Do un com m ercial------ a —
Span. Doubloons.15 55 ® 13 7 5
Peruvian s o ls .........— 53 ® — 54
Aii-x. D ou bloons.15 55 » 1 5 75
English silver......... 4 80 ® 4 9 0
Fine gold bars—
paT 9 t i pram. U.S. trade d ollars.. — 60 ® — 65
U n it e d S t a t e s S u b - T r e a s u r y .— T h e f o l l o w i n g t a b le s h o w s
r e c e ip t s a n d p a y m e n t s a t t h e S u b -T r e a s u r y .
B tceipis.
Date,
c o n c e r n e d , s e e m s t o h a v e b e e n th e s ilv e r -m in in g d is tr ic ts an d
th e P a c ifi c C o a st, a n d h e n c e th e g r e a t d e c lin e in tra ffic o n su ch
Demand.
85% ® 4 8 6 4 8 8 ® 4 8 8 %'
84 ® 4 S4U
83% ® 4 84
19%3>5 18% 5 16T8® 5 16%
403l6 ®40*4
4038»407la
9 5 % »9 5 %
1-16
p le te ly p ro s tr a te d th is y e a r , s o fa r as r a ilr o a d e a r n in g s w e r e
r o a d s as U n io n P a c ific a n d N o r th e r n P a c ific .
i
4
4
5
T h e fo llo w in g w e r e th e ra tes o f d o m e s t ic e x c h a n g e o a f l e w
Y o r k a t t h e u n d e r -m e n t io n e d c itie s t o -d a y : S a v a n n a h , b u v m g
Jjjd iscou n t, s e llin g p a r ® i-j p r e m iu m ; C h a r le s t o n , b u y in g
d is c o u n t, s e llin g 1-16 p r e m iu m ; N ew O rlean s, b a n k , p a r ; c o m
m e rc ia l, $ 1 75 d is c o u n t ; C h ic a g o 50c. p e r $ 1 ,0 0 0 p r e m iu m ; S t ,
L o u is , 73c, p re m iu m .
2
T h e M o n e y M a r k e t a n d F i n a n c i a l S i t n a t i o n .— T h e la r g e
a g in g t h is w e e k , a n d th e
BisSty Days.
Prime bankers’ sterling bills on L ondon..
Prime com m ercial.................................... .
Docum entary eomraerci ,1............................
Paris bankers (fr a n c s )................. ...........
Amsterdam (guilders) bankers...................
Frankfort or Bremen(reiohmarkslb’ nkers
Paym ents.
8
*
3,727,455
5,581,507
3,212,620
3,763.025
3.118,976
3,848,651
$
3,010,77 8
4,940,770
3,425,372
2,841,061
3.698,682
2,491,115
Total
21,312,234
20,407,781
Dee.
"
■
*
<
•
"
2
4
5
6
7
Balances
Coin.
61,102,006
61,378,686
61,291,276
61.192.150
60,985,982
61.069.151
Coin Cert’s,
C urrency
437,835
570.432
644,160
801,822
665,121
567.115
i
25,118,126
25,649,585
25,480,21©
26,343,942
26,137,105
26,509,159"
1
S t a t e a n d R a i l r o a d B o n d s .— S ta te b o n d s h a v e b e e n m o r e
a c tiv e . T h e Va. 2-3s o f 1991 s o ld to th e e x te n t o f |368,000 at;
a p p e a r u p o n t h e w h o le to h a v e h e ld t h e ir o w n a g a in s t th e 5 5 J,, 'i t 541 and 55}£ a t th e c l o s e : 1,000 Va. 6 s d e f, tr. r e c .
.,
stmpd, a t 6%-. $86,000 T en n . settlt. 3a a t 74; 81,000 d o. settlt. 6 a
d e p r e s s in g in flu e n c e s o f th e fin a n c ia l c r is is b e tte r th a n m o s t
o t h e r b r a n c h e s o f tra d e o r m a n u fa c t u r e s . I t is r a t h e r re a t 1 0 3 : $-71,000 L a. c o n s o l. 4s a t 96*2-37 : $10,000 A la ., c la s s
“ A , " a t 1 0 1 ; $6,000 N. « lar. c o n . 4s a t 97 : $40,000 S . C . 6 s,
m a r k a b le th a t th e d e m a n d f o r c o a l h a s b e e n s o la r g e , a n d n o n -fu n d a b le , a t 1 , -1 % ; $5,000 A r k . 7s, L , R . & F . S ., a t 6 ;
b o t h t h e a n th r a c it e a n d b it u m in o u s c o a l c a r r ie r s h a v e h a d a $2,000 N, C. c o n s o l. 4s a t 97.
R a ilr o a d b o n d s o f th e g ilt-e d g e d s o r t a r e in g o o d d e m a n d ,
a g o o d bu sin ess.
a n d th e in v e s tm e n t b o n d b r o k e r s a ll r e p o r t th a t t h e y c a n n o t
T h e o p e n m a r k e t ra te s f o r c a l l lo a n s d u r in g th e w e e k o n
g e t e n o u g h o f s u c h b o n d s w it h o u t p u s h in g u p t h e p r i c e s .
s t o c k a n d b o n d c o lla te r a ls h a v e r a n g e d fr o m 1 to l } £ p e r c e n t , T h e b u sin ess in th e g e n e r a l list o f lo w e r -p r ic e d b o n d s a t t h e
th e a v e r a g e b e in g 1 1 4 p e r c e n t . T o -d a y ra te s o n c a ll w e re S t o c k B o a r d h a s b e e n fa ir ly a c t iv e a n d p r ic e s a r e fir m a s a
1 to l j j per cen t.
P r im e c o m m e r c ia l p a p e r is q u o te d a t 3Jg r u le. T h e A t c h is o n b o n d s w e r e a c o n s p ic u o u s e x c e p t io n t o
th is, a n d th e 1 st is a fte r s e llin g a t 7 6 ^ o n M o n d a y w e r e
t o 4)^ p e r c e n t .
k n o c k e d o f f t o 07V o n W e d n e s d a y b y a b e a rish c a b le r e p o r t
T h e B a n k o f E n g la n d w e e k ly sta te m e n t o n T h u r s d a y s h o w e d fr o m L o n d o n th a t a r e c e iv e r w o u ld b e a p p o in te d , a n d t h e y
a d e cr e a s e in b u llio n o f £311,000, a n d th e p e r c e n t a g e o f re c lo s e to -d a y a t 70 ; th e 2d 3-4s w e r e s o ld d o w n t o 3 5 % a n d
se r v e to lia b ilitie s w a s 51P53 a g a in s t 50 76 la s t w e e k ; th e d is c lo s e a t 8 7 }ji. P re s id e n t R e in h a r t, w h o w a s ju s t le a v in g
L o n d o n f o r h o m e , c a b le d th a t a ll fin a n c ia l m a tte r s h a d b e e n
c o u n t rate r e m a in s u n c h a n g e d a t 3 p e r c e n t. T h e B a n k o f
s a t is fa c t o r ily a d ju s te d . T h e M o, K a n . & T e x a s 1st 4s a n d 2 d
F r a n c e s h o w s a n in c r e a s e o f 5,323,000 fr a n c s i n g o l d an d m o rt. b o n d s a re a c t iv e o n th e g o o d e a r n in g s o f th e r o a d .
C hes. & O h io b o n d s a r e s tr o n g , a n d t h e R . & . A . D iv . 1st 2-4s a r e
1,150,000 fr a n c s in s ilv e r .
T ire N e w Y o r k C ity C le a r in g -H o u s e b a n k s in th e ir s ta te m e n t u p to 8 5 % , a s t h e y b e g in t o d r a w 4 p e r c e n t in te r e s t a fte r J a n .
1. T h e S t. L o u is S o u t h w e s te r n 1st 4s se ll a t 60 a n d t h e
o f D e c . 2 s h o w e d an in cre a se in the r e se r v e h e ld o f $8,370,100
T e x a s & P a c ific 1st 5s a t 76. I t is q u ite n o t ic e a b le t h a t a n u m
a n d a su rp lu s o v e r th e r e q u ir e d re se rv e o f $76,096,900. a g a in st b e r o f sales h a v e b e e n m a d e r e c e n tly t o b a n k e r s a n d s y n d i
ca te s o f b lo c k s o f b o n d s issu ed b y s t r o n g c o m p a n ie s , s o m e o f
$70,83 347 3 th e p re v io u s w e e k .
th ese b o n d s h a v in g b e e n k e p t o n h a n d f o r m o n t h s p ast.
Differ en'sfrom
1892.
|
1891.
1993.
Railroad a n d Miscellaneous S t o c k s .— T h e s t o c k m a r k e t h a s
Frees, week.
Dee. 3.
\ Dec, 5.
Bee. 1.
b een v e r y d u ll a n d th e g e n e r a l m o v e m e n t i n s to c k s is s m a ll.
*
i
$
T h e to n e w a s r a th e r b ea rish f o r a t im e b u t is ste a d ie r n o w ,
%
60.422.700 59,372,700 a n d th e in c lin a t io n seem s t o b e to w a it f o r so m e d e fin ite a c t io n
Capital....... . . . . . . 60,922,700
68,233,500 64,931,000
Surplus........ ........ 71.605,100
,I0
Loans and dlse’ ts 409,490,100 I n c .4,288.400 444.628.200 4 1 7 .9 1W 0 in C on g ress a n d a lso t o lo o k f o r w a r d t o w a r d s t h e n e w y e a r asa.
5,563,100 p ro b a b le t im e o f b e tte r th in g s in fin a n c ia l a ffa irs. T h e p r in c ip a l
5,616,900
13.658,200 Dec. 173,700
Calculation_____
Net d ep osits...... 487.345.200 I n .12,033,500 454.361,800 4334986,700 bu siness h a s b e e n in s p e c ia l s to c k s , as u s u a l o f la te , a n d a m o n g
S pecie.................. 104,388,800 I n c .3,375,200 79,009.800 89.828,500 th ese C h ic a g o G a s h a s b e e n a c t iv e o n t h e d e c la r a tio n o f t h e
Legal tenders___ 93,564,400 In c .4,894.900 41,109.400 32,531,800
q u a r te r ly d iv id e n d in c a s h . S u g a r w a s a lso a c t iv e , a n d t h e
Reserve held.___ 197.933.200 I n o .8,270,100 120.209.200 122,360,300 q u a r te r ly d iv id e n d o f 3 p e r c e n t w a s d e c la r e d in cash,,
Legal reserve— 121,836,300 Inc .3,008,375 113,715,150 108,496,675
th o u g h the- first e ffe c t w a s a d e c lin e in p r ic e as t h e d iv i
Surplus reserve.. 76,096,900 Ine,5,26l,725| 6,493,750 13,863,625 d e n d h a d b e e n d is co u n te d . D is t illin g & C a ttle F e e d in g i e
se llin g h ig h e r to -d a y a t 30, p re s u m a b ly o n t h e e x p e c t a t io n
F o r e i g n E x c h a n g e .— T h e ra te s f o r s t e r lin g b ills h a v e b e e n o f la r g e p ro fits f r o m w h is k e y o n h a n d i f th e t a x is in
v e r y s t r o n g a n d a m o d e r a t e s h ip m e n t o f g o ld w a s m a d e . c re a se d . N a t io n a l L in s e e d O il h a s h a d a rise b a se d o n t h e
T h e p r in c ip a l c a u s e f o r th is see m s t o b e t h e c o n s id e r a b le d e h ig h e r p r ic e s f o r t h e p r o d u c t , a n d o n r e p o r t e d p a y m e n t o f
m a n d f o r b a n k e r s b ills to m a k e r e m it ta n c e s f o r in te re st an d flo a tin g d e b t. A m o n g th e le a d in g r a ilr o a d sto ck s A t c h is o n
d iv id e n d s o n se c u r itie s h e ld a b r o a d , a n d a ls o f o r th e se ttle w a s p r o m in e n t fo r its d e c lin e t o 1 8 % o n th e d e p r e ssin g L o n d o n
c a b le m e n t io n e d a b o v e u n d e r b o n d s , a n d a t th e c lo s e i t
m e n t o f a c c o u n ts in L o n d o n ,
T o -d a y a c t u a l ra te s o f e x c h a n g e w e r e a s f o l l o w s : B a n k e rs’ s o ld a t 19. W e s te r n U n io n h a s b e e n t r a d e d in a g o o d d e a l
s ix t y d a y s s t e r lin g , 4 8 4 ‘ i @ 4 84%•, d e m a n d , 4 8 7 @ 4 8 7 % ; a n d r e m a in s q u ite s te a d y . G e n e ra l E le c t r ic w a s w e a k a f t e r
p a s s in g th e d iv id e n d o n th e p r e fe r r e d , a n d c lo s e s a t 34.
c a b le s , 4
m%.
c o a l-m in in g
and
c o a l-c a r r y in g
in te re sts
of
th e
c o u n tr y
THE CHRONICLE.
970
[V ol . LA II,
NEW YORK STOCK EXCHANGE—A C 1 I V E ST O C K S f o r week ending D E C E M B E R 8, and since JA N . 1, 18 9 3 .
H IG H E ST AND LOW EST PRICES
Saturday,
Dec. 2.
Monday,
Dec. 4.
1 Tuesday,
Dee. 5.
Wednesday,
Dee. 6 .
Thursday,
Dec. 7.
Friday,
Dec. 8 .
STOCKS.
Sales of
tlie
Week,
Shares.
Range of sales in 1893.
Lowest.
Highest.
A c t iv e R U . S t o c k s .
18% 19%
21
21 %
18% 19% ' 1 8 % 193s Atchison Topeka A Santa Fe. 74,071 1 2 % July 31 36 % Jan. 16
2 1 % 22
18% 2 0 %
53e Apr. 29
50
2% Atlantic A Pacific......................
*2
1% July 25
2%
*2
2 %* *2
2
2
*2
2%
*2
2%
860 5 4 % July 27 9 7 % Jan. 24
7 4 % 74 %
4
Baltimore A O hio......................
72 % 72%
74
74
7 3 % 73%
7 2 7s 73
9 0 % Jan. 16
74
74
Canadian Pacific........................
66 July i
T
75%
7 4 % 74%
*74
75
7 5 % 7 5 % *74
751.4 7 5 14
3,770 3 4 % July 2
5 8 3 Jan. 16
4
5 3 % 53% Canada Southern......................
5334 54
54
54% *52% 54%
5 2 % 52%
53
54
118 119
Central of New Jersey.............
2 3 “ 84 July 26 132% Jan. 21
117% 118% 117% 119
118
118
* 1 1 7 % 119% 118
118
19
19% Chesapeake A O., vot. tr. cert. 10,198 12 % July 26 25 Apr. 6
19
19%
19% 19%
19% 19%
20
20^
1 9 % 20is
138
......... Chicago A A lto n ..........................
126 Aug. 16 145% Feb. 1
*1
137%
136
140
138
...
135
...
7 8 % 7 9 % Chicago Burlington A Quincy 4 9 ,8 8 8 69 % July 26 103% Jan. 21
79% 80
7 9 % 79 %
80'% "81 is 79 5* 8 0 % 79 % 80%
51 Aug. 21 7 5 % Jan. 25
» hicago A Eastern Illin o is...
zo
100
Do
pref.
85 Aug. 17 105 Jan. 23
*99 100
995a 99 % *99 100
9 9 % 9934 100
6 3 % 6 4 3i Chicago Milwaukee & St. Paul 98,515 463s July 26 8 3 % Jan. 23
6 4 3 65%
4
64% 64%
64 % 65%
6G
663
4
6518 65%
655 100 July 26 126 Jan. 23
118
120
bo
pref
*1 2 0 % 122
121*8 121*8 1 1 9 % 120% 119 120% 119 119
4 ,356 8 4 % July 26 1163a Feb. 1
1 0 5 % 105% 1 0 5 % 105% 105 105% Chicago & Northwestern —
1 0 6 % 1 0 6 3 106 106% 1 0 5 % 106
4
150 128 Aug. 18 146 Jan. 20
Do
pref
139% 139%
6 8 % 69% Chicago Rock Island & Pacific 19,008 5 1 % July 31 8938 Jan. 23
6 9 % 70%
6 9 % 70 %
6 9 % 70
6 9 % 71
6 9 % 70 %
3834 39 % Chicago St. Paul Minn. & Om.
6,607 2 4 July 26 583a Feb. 9
3 8 % 39%
40
40%
39
39%
3 9 % 40 %
38% 39%
116
116
Do
pref
435 9 4 Aug. 23 121 Feb. 3
118 118
1 1 7 % 117% 1 1 6 119
115 118
118
118
13,789 25 July 26 60 % Jan. 23
39
39% Cleve. Cincin. Chic. & St. L ..
38 % 39
3 8 % 39 %
3 7 % 39
3 8 % 39
3 8 % 39%
Do
pref.
250 75 Oct, 13 9 8 % Jan. 30
85
90
1 ,520 1134 Aug. 2 32 % Jan. 19
21% 21 % Columbus Hocking Val. A Tol
2 1 % 21%
2 1 % 21%
2 1 % 21%
22
22
2 1 % 22%
66
69
Do
pref.
59 % Aug. 2 73 % Jan. 17
*66
69
*66
69
*66
69
*66
69
*66
69
2 ,869 10234 July 26 139 Jan. 27
136*8 13614 135% 135% 134 134% 134% 134% 134 134% 134 134% Delaware &. H udson............
Delaware Lackawanna&West
1,181 127 July 27 175 Nov. 3
~ ~
166 168
1 6 6 % 166% 168 168
168
169*8 168 168% 167 168
620
S% July 13 183s Jan. 21
10% 10% Denver A Rio Grande . . .
*10
11
1 0 7s 1 0 7r 11
11
10
11
4 ,770 2 4 July 19 57 % Jan. 23
31% 32%
Do
pref.
3 2 \ 33
32% 33%
3 3 % 34%
3 2 % 33
34*2 34 %
%
*%
% East Tennessee Va. & G a........
% J " !y 3| 5 % Feb. 4
%
*%
%
%
*%
*%
%
15
*5
Do
1st pref.
15
15
*5
15
*5
15
15
10 June 3 3534 Feb. 3
5
*1
1 1 % Feb. 3
Do
2d pref.
*1
5
*1
5
*1
5
*1
2 July
*1
70
*68
Sept, 6 152 Jan. 12
*7 0
71
*70
71
Evansville & Terre H aute___
71
*68
70
270 63
70
70
71
110
1 0 7 107
107 107
Great Northern, p ref...............
106
106
1,200 100 July 27 1 4 2 % Feb. 7
108
112
1 0 5 % 105% 105
94
94
* 9 3 % 95
94
120 86 July 18 104 Jan. 25
9 3 % 93% *93
*93% 94%
9 2 % 9234
Illinois Central..........................
8%
8% .o v a central........ - ....................
8
8
8
8%
5 July 25 11
Jan. 25
299
*7%
8%
8
8
*8
8%
29
*27
30
30
30
3 0 % *28
Do
pref.
2 8 % 2 8 % *27
29
485 12 July 27 37 Jan. 16
29%
17
17
17
17
16% 16% *1 6 % 17
1 7 % 17% *16% 17
280 12% July 27 25% Jan. 14
Lake Erie A W e ste rn ...............
69
67
69
69
Do
pref.
69
510 53 July 31 82 Jan. 18
*6 8 % 69% *68
*63ia 69
68
68
127% 128% Lake shore A Mich. Southern
6,015 104 July 31 1 3 4 % Apr. 8
129
129
127% 128% 126% 127% 1263s 127% 1 2 7 % 128
100
100
99
99
101% 101% 101 103
*101% 104
99 101
Long Island............... .................
1,440 9 0 July 27 118% Jan. 21
525s 5 3 1
8
5 0 3 51% Louisville A Nashville............. 11,154 4 3 % Oct. 10 773s Jan. 21
4
5 1 % 5134
5 1 % 52%
51% 51%
5 1 % 52
1 0 % 10% Louisv. New Alb. & Chicago.
10
11
10% 10%
1 0 % 11
1034 1 0 3
4
8 % July 27 27 Jan. 14
5 ,359
10% 10%
.........
3
2%
2%
2 3 Nov. 27 2 7 % Jan. 16
4
165
* .........
Louisville St. Louis & Texas.
3
.........
3
3
1.........
127% 127% Manhattan Elevated, consol..
4
*128 129
127
127% 128% 127 12'
127
1,768 100 July 26 1 7 4 3 Jan. 13
127
10134 102
101% 102
*101 hi 102ia 101
102
1,8411 — % Aug. 21 108 % A pr. 8
79
101% 101% 102%
Michigan Central...............
*1 2 % 13%
13
13%
13% *12
6 Aug. 3 | 19 % Jan. 14
|
Minneapolis a St. L ., tr. rects.
13%
12% 13% *12
3 7 % 37%
* 3 7 hj 38 Li
*36
38
” 200 18 July 31 ||49 Jan. 16
37
37
Do
pref.. tr. rects.
*35
39
14 % 15
14% 1 4 %
14
14
14 % 14%
8 July 19 16 Jan. 25
1,455
*13% 1434 *1334 1434 Missouri Kansas A T e ^ a s ___
2 6 % 27 %
2 5 % 25 %
Do
pref.
8,032 133s July 2 7 i 283s Jan. 16
2 6 % 26%
25% 26%
25% 2 6 %
2 5 % 26
253ft 24»4 25
2 6 % 26%
2 7 % 27%
Missouri Pacific.................
6,664- 16% July 26| 60 Jan. 21
26'
26
24 % 27
25
19
20
22
22 %
21
20
*19
21
Mobile & Ohio.....................
1,910!
22
22%
634 July 26 37 Feb. 18
*19% 23
*70
80
55 Aug. 14! 90 Apr. 18
*70
78 " *70
*70
70
78
Nasliv. CliattanoogaASt.Louis
78
*70
78
103
103is 102% 103
2,629 92 July 26 1 1 1 % Jam 25
1 0 2 % 102% 102% 103
1 0 2 % 102% 102% 102% New York Central A Hudson.!
16% 16% *15% 17
1 5 % 15% *1 5 % 16%
125
9 % July 18! 20 % Apr. 8
15% 16% New York Chicago & St. Louis
*15% 16%
68 ‘ *65
68
fit
70
*00
69
*66
69
Do
1st pref.
2,345 4 5 July 26 78 Jan. 23
*65
69
*6 6 % 69
*33
34 5 3 2 % 32%
3 2 % 32%
3 2 % 32%
32
32% *31
33%
Do
2d pref.
1,100 18 July 26 41
Apr. 5
1 5 % 16
734 July 26 26 % Jan. 25
15
15%
1 4 % 15
4,300!
1 4 % 14% %434 1 5 % New York Lake Erie & W est’n
14 % 14%
3 3 % 33% '
32
32
___
20015 July 26 58 Jan. 24
31
33
Do
pref.
*31
34
*31% 33
31
31% ' 3 0 % 31% *30% 31
4
30
31
3 0 3 3 1 New York A New E n glan d ... 14,555 1 6 3 July 31 i 52 % Jan. 17
4
3 0 % 31%
*•197 2 0 0 , 197% 200 * 197% 200
100 188
Sept. 28 2 6 2 % Jan. 18
197 200
198 198
197 200 New York New Haven A Hart.
8 Aug. 31! 38 Jan. 24
New Y'ork & Northern, p re f..
17 % 17%
17% 17 %
2,702 11 July 18 19% Jan. 20
17
17% NY w York Ontario A Western
17
17 %
17% 17%
17 % 17%
1 7 % 17%
17 % 17%
|
1 6 3 16%
4
3 6% 16 % New York Susq.. A W est., new .
1 6 % 17
1 6 % 17
2 ,0 5 0 ; | 8 July 27 H2138 Jan. 23
48% 48%
4 8 % 49
Do
pref.
1 ,910 31 Aug. 18 H7338 Jan. 23
*47% 4 8 1 *47% 48
48
48%
4 7 % 48
5% July 31| 934 Jan. 10
Norfolk A W estern.....................
2 2 % 22%
22 % 22 %
21 % 21%
Do
pref.
*21% 22%
2 1 % 21%
1 ,750 16 % July 1 9 1 3 9 % Jan. 23
6%
7
2 ,0 5 0 1 334 Aug. 19 1 8 % Feb. 14
63s
6% Northern Pacific.........................
6%
6%
6%
63s
*6 %
6%
23% 24% 2 3 % 23% 2 2 % 23
22% 22%
22% 22%
22 % 22%
Do
pref
3,420. 1 5 % Aug. 16 503s Feb. 6
11 July 22 25
Feb. 1
..................... Ohio
Mississippi.......................
*25
50
50
25 M ay 16 49 Jan. 25
<20
*20
50
50 Ohio Southern............................
*25
50
*25
50
*28
35
*29
32
35
30
30
30
30
32 Oregon R ’y A Navigation Co.
360 25% Oct. 19 84 % Jan. 23
30
30
*7
0
*6%
7%
8%
155! 5 % Oct. 19 25 Jan. 16
*6%
6%
*6%
8
7% Oregon Sh. Line A Utah North
8
*6%
7
7
7
815', 4 July 26 18 % Jam 21
*7
7%
*6%
7
7%|Peoria Decatur A Evansville.
7
7
7
21% 21 %
2 1 % 21%
21% 21 % Philadelphia A Reading......... 16,378 12 J u l,r 29 5334 Jan. 25
20 % 2 1 %
21 % 21%
2 1 % 21%
*15
16
16
*14
150! 1 1 % Aug. 2' 21 % Jan. 24
*15
1534
15
15
*14
16 I *14
15% Pittsburg Cinn. Chic. A St. L .
*48
52
4 0 July 27 62 Jan. 24
52
*48
*46% 51 I
52
Do
pref.
*4S
52
*48
52
*48
:3 %
3%
3%
:s %
800
t% Aug. 10 U12 Feb. 3
*J3
3% * 12%
3%' * t—
3 % 'Rich. A W. P. Term’l, tr. rects.
:2 %
3
78
*14
16
20 10 Aug. 24 | 43 Feb. 6
|
16
*14
*14
........j
Do
pref. tr. rects.
*14
16
16
16
16
........! 10 Oct. 5 22 Jan. 25
..................... Rio Grande W estern..........
I
I
40
Sept. 6 6 2 % Jam 28
.....................
Do
pref .
*5
3 % July 31
7% Jan. 18
5%
*5
5 %' *413
4% '
*4
6 St. Louis Southwestern...........
550
*4%
5
5%
4%
1 0 % 10%
10% 10%
934
6 July 26 15 Jam 18
934
*9
9%
Do
pref
1,090
*9% 10
9% 10
*27
28
210 22 Aug. 19 4734 Jam 18
28
26% 29 St. Paul A Duluth.......................
28 1 *27% 29 1 *27% 29
28
28
*85
90
100
*85
90
90
90
113 90 A ug. 24 108 Jam 30
*88
90
*88
"8 8
90 I
Do
pref.
107
107
107
107 | 108
412 95 July 27 11634 Feb. 14
106 108
106
105 107 St. Paul Minn. A M an itob a...
108 | 106
1933 2 0 %
20% 21 1 20% 20%
3,500 1 7 % Sept. 15 3 5 % Jam 16
20%
20
21 Souther n Pacific Co...................
2 0 % 21
9
8%
9 >8
434 July 28 11 Jam 19
8 7s
8%
8%
8%
2,160
8%
83s
8%
8%
S»8
*7
8
*/
8
7 Aug. 9 4 0 % Jam 31
*7
7%
7%
8
7%
7%
7%
7%
525
*38
45
45
45
*38
40
40
100 2 2 % Aug. 29 50 Jam 17
45
45 Toledo A uhio Central.
*38
*38
*38
*7 0
75
*70
75
75
*70
75
80
80
*70
80
Do
200 67 Sept. 11 85 Jan. 7
*70
pref.
22% 23%
22%
21 % 22%
29,651 1 5 % July 26 4 2 % la m 27
21% 22%
215ft 2 2 %
2 0 78 21 %
7
7%
6%
6%
5 July 26 1 8 % Jam 16
6%
*6
7
6 »4
555.
6%
7
*6
*6
8
8
734
7%
75ft
7%
534 July 31 1234 Feb. 9
*7
*7
1,315
7%
7%
7%
lG 7a 17%
16% 1 6 7«
1534 16%
934 July 26 2 6 % Feb. 7
16% 16 %
pref.
4 ,635
Do
16% 16%
15 % 16%
15% I 0 I
153g 15%
155ft
15% 15%
15
10 July 26 2 3 % Jam 17
4
15 % 15%
2 ,610
15% 1534
5 2 % 52
52% o4 '0
5234 52 %
52% 5 4 %
5 2 % 5 2 7h 52% 52%
2,480' 31 July 27 6 7 % Jam 17
Do
pref
*6
7
4 % Aug. 16, 1 5 3 Jam 23
4
*6%
7
7
*6
7
*6
7
Wisconsin Central Company.
*6%
I
M is c e lla n e o u s S to c k s .
28% 30%
2 8 % 29
*30»4 3l*o
24 July 26 5 1 % Mar. 3
29^8 3 0 %
29% 30 American Cotton Oil Co......... f 18,635
30 % 30 %
*70
69
71%
69Si
67
67
69
69
*67% 69%
66 % 68%
Do
p r e f.1 1 ,654 50 July 26 84 Feb. 14
8 1 3 83 %
4
82% 84%
82% 84%
8 3 % 8430
82 % 84
83% 84
American Sugar Refining Co. 179,100 61% July 31 13434 Feb. 6
84
85
84 % 85%
34 % 85
835g 84%
8-1%
2 ,622 6 6 % July 31 104% Jam 19
84
Do
pref.
83% 84%
79% 80
79*% 80
81
81
82
2 ,120 43 July 31 ] 21 Jam 3
73
80 American Tobacco Co.............
8134 813t
81
*95
100
*94% 100
99 % 99%
98
98
94 % 96
*90
558 75 July 31 1 1 0 % Jam 3
97
■Do
pref.
67»4 68%
69%
68 %
6 7 % 69%
66 % 68
673s 6 8 %
67% Chicago Gas Co., trust rec’ t s .. 91,421 39 July 31 9 4 % -lan. 21
4
12
*10
*10
12
8 % Aug. 29 2 5 3 Feb. 7
12
*10
12
*10
12
*10
*10
12 Colorado Coal A Iron D e v e l..
*60
94. io
24% *
24% *
24% *
23
10 17 % Aug. 15 72 Feb. 14
Colorado Fuel A Iron ...............
1 3 1 % 132
1 3 0 % 1 3 1 % 130
130
1,851 108 July 27 144 Jam 20
1 3 0 % 1 3 1 % 130% 1 3 0 % 129% 130% Consolidated Gas Com pany..
26 % 27%
3
26 % 27%
26% 27%
2 6 % 27%
27% 30 Distilling A Cattle Feeding Co 92,2 9 0 12 July 31 6638 Jam
26% 2 7 %
35% 3 7 %
3334 35%
33
32% 3 4 %
35.
33 % 343s
34
35% General Electric Co................... 61,5 7 3 30 July 29 114% Jam 1G
+19:H 20
203ft :i 9 % 19% :i o % 20
;2 0
20 % ; i 9 7s
2,330 17 Aug. 2511147 Feb. 10
J20
20% National Cordage Co., n e w ...
*40
50
44
44
505 t22 Aug. 23,118%! Jan. 20
44
45
*42
48
44
Do
pref.
44
22
22 %
2 1 % 23
213
4
92
21
6,916 18*3 July 27j D2is Jan. 21
21% 21io
2 1 % 22%
22% National Lead Co......................
65
65
63
65
63
64
63 % 65%
3,979 48 July 2G 96 Jan. 20
64% 65%
Do
pref.
03 % 63 %
5
5
434
2 H Aug. 16 1 1 78 Mar. 24
940,
4%
4%
4%
4%
4%
4%
4 7ft
4 7s North American Co................. .
4%
14% 16
16
16
*17
8 Aug. 2-* 211-2 Feb. 9
20
16
795
16% 16%
16
16
16 Oregon Improvement Co........
*1*6
18
16
16%
15% 15%
15
15%
8is July 27 2 ? is Jan. 3
955
15
16 Pacific M ad.................................
7 6 at 76% ( 7 6 3» 77% *77%
77 %
*77%
*77%
Pipe Line Certificates............. 30,000 5 2 is Jan. 18 7713 Dec. 4
175
172
175
173
Apr. 12
*172%. 175 *172% 175
332 132 Aug. 1 2 0 6
171
171
Pullman Palace Car Company
173% 174
......... I 62 June 29. 84is Jan. 18
Silver Bullion C ertificates...
15 % 17%
16% 17%
1630 1 7 %
6,999. IOI4 Aug. 10 37^8 Jan 14
16% 16%
16% 1730
17
17ti Teimesseo Coal A Iron............
.......... 59 July 3 1 1 0 2
Jan. 31
Do
prof
*39
42
*39
43
4 2 % 12%
1,045 1 7 Aug. 17 60^8 A pr. 18
42
43%
United States Rubber Co___
41 % 4 2 %
42
42
.91% 92 %
88% 89%
90 %
88% 89%
64.0851 67is Jnlv 26 101
Jan. 20
89
88% 8 9 %
89
8934 Western Union Telejmvnh
* These are bid and asked; no sale made.
I Old certificates.
I
t First instalment paid.
2d instalment paid.
tf Lowest is ex div
BtCEMHEK
9 I S.J
, S8
THE CHRONICLE.
971
NEW YORK STOCK EXCHANGE PRICES ( Continued) -INACTIVE STOCKS.
R v 8,
I S ACTIVE STOCKS,
B id.
li In d ica tes u n listed .
i Mange
A rt.
(K a le s ) i n
Lowest.
1893.
.1
' No price F rid a y ; latest p rice this week.
L ee 8.
I n a c t i v e St o c k s .
f Indicates unlisted.
Highest.
R a ilr o a d S to ck s.
A lbany & Susimekaima......100 165
150 Aug. 175 Nov.
Belleville & South. HI. p ref...... 100 .........
Boston & N. y . A ir l i n e p r e f.-100. ........
9S May 1 0 2 k Jan.
Brooklyn Elevated 1 ................. 100
18k
1 9 k 19 Ang. 4 1 k Jan,
Buffalo Rochester & Pittsburg-100: ......... 30
21% Sepr. 37 Jan.
70
Preferred.................................. ..1 0 0 1 60
70 Bent. 86% Jan.
45 July
65 Jan.
Burl. Cedar R apids ic N o r..----- 100 ; 50
20
Central P a c ific .............................. 100, 19
29% Jan.
16% July
135 July 1 5 7 k Jan.
Cleveland & P ittsburg.............. 50 150
4 July
9% Jan.
lies Moines & Fort Hodge...........1 0 0 ’ 6 k
40
22 Feb.
2-1 Mar
P referred..................................... 100: 2 »
5 July
7
Dulutli So. Shore & Atlantia T .100'
i
6
1 4 k Jail.
20
32 Jan.
11 Ju>y
Preferred T ___. . . ...................100 15
Flint A Pure M arquette.............. 100:
U k Sept. 23 Jan.
45 Aug. 7 7 k Jan.
P referred.......... ....................... 100
0
G eorale Pacific Trust rtfs*:— 100
6k
o r . Bay Win, A c l p. tr .r e c ----- 100
5 ‘ Jul y
14% Jan.
11 June 29% Jan,
Preferred trust rears............... 100
7% Mar.
2 k Aug.
H ouston & T exas C entral............100 2
86 June 91 Feb.
Illinois Central ieased lines— 100
10 Sept, 14 k Jan.
Kanawha A M ichigan.................. ICO 10 k
5% o«t.
5% Oct.
Keokuk J lies M oines............... 100
k
lo
July
P referred...................................100
12
28 A pr.
9 Aug. 27 Mar.
Leotsv. Evaogv. A 8t. L. C ons. 100
47% Nov. 49 Jan.
Preferred_____ . . . . . . . . . . . . . . . 1 0 0
45 Ocr.
b o a . S. A. & C h ic, p re fe rre d ..100 X 40%: ■ ilk 38 Oct.
100 6 ar. J00 Mar.
M ahoning C oal............................. 501 90 to o
105 May 105 May
P referred..................................... 50 l o o
Mexicai) N ational..................... 100: ...........
M orris A K s t e * ....... .................. 50[ . . . . . .. .......... 136 Aue. 163 M ar.
N. Y. Lack. A W estern.............. 100
.... ........J 09*4 A ng. 114 Jan ,
N orfolk A 8outiw*ru...................... 100 63 . . . . . . I 50 June 60 Feb.
Peoria A Pastern................
3
A ug.
9% Jan.
100
4 j 7
Pitts. Pi. W ayne & C hicago___ lo o ! ISO ....... 140 July 156 Feb.
31% 25 Aug. 4 v k Apr.
M l * . A We-teru p f .................
f>0; 31
Rensselaer A Saratoga..............100; 178 185 (150 A tie. 179 Feb.
Rome W at.A O gd rosb argb— 10(i 1 1 [114 i 9 9 k Aug. 1 1 2 k Jan.
*>
8t. Louis AhOB tv Ter H a u te ...lo o 1 i 5 !.........I 20 A ue. 37 k May
t tv v „ v , u n i . M»,
Pref. ire.I
............. ........... <— ' l l ' -
(% Indicates actual sales.)
Mange (sales) in 1 8 9 .
Loicesi.
Ask.
Toledo Peoria & W estern.......... 100
Toledo St. L. & Kansas City II..
,
Virginia M idland.........................100
M i s c e ll a n e o u s S t o c R s .
:Adams E x press............................100 150
47
American Bank Note Co 11.......
American E xpress...................... 100 113
.Amur. Telegraph & Cable......... 100
87
Brunswick C om p an y ............. ..1 0 0
Chic. June R y. A Stock Y ard s.100
1 P referred................................... 100
I-:.-.- : : V I____ lOo
Coioradti Fuel A iron , pref------ 100
9%
Columbus & H ocking C oal........100
Commercial Cable...................... 100
24
,Consol. Coal o f M aryland......... 100
Edison E lectric niuiuiuatiiig...lOO 9 7 k
: Interim Conduit & ins. C o ........ 100
Laclede G as....... ........................ .100
16k
I P referred.................................. 100
66
22
Lehigh A Wiikesbarre Coal II .
45
Maryland Coal, p ref....... .......... 100
Michigan-Peninsular Car C o.. .100;
P referred................................... 100
Minnesota ir o n ............................100
National lin seed o il C o.............10 9 . 2 6 k
7
National Starch Mfg. C o............100
8
New Central C oal.............
100
7
Ontario Silver M in in g .............. 100;
Pennsylvania C oal..................... 50 275
P. Lorlllsird Co p re f................... 100
Postal Telegraph—Cable V_______ ! 43
IPullman Palace Car rights............
Quicksilver M ining..................... 100;
Ik
Preferred................................... 100 10
Texas Pattittu Land Trust..........100;
0 .8 . Ex re s-............................... 100 52
IT- s. Rubber preferred..............100
86
Wells. Fargo V v n re.s.................l o o
160
50
116
70
31
17
70
25
65
Highest,
14
8
Bid.
14
17
MayJan,
Aug. 160
Jaa.
134
May
May
100 " Aug.
6 5 k Aug.
4 June
80 May
93% Jail.
55 Sept.
80 J uue
5 July
180 Feb.
26 M ay
71% Aug.
40 Aug.
9% Aug.
43 Aug.
22 Nov.
55 Aug.
92 k Sept.
7 7 k A ug.
28%
10
9
9
300
64
14k
6
6
7
260
Mar.
July
July
Aug.
Sept.
June
47%
IS s.
1%
12 '
7%
43
1 2 0 k Feb.
9 2 k Feb,
9 k Apr.
108 J an,
93% Jan.
109 Jan.
11 1 k Jan,
29% Jan.
185 Mar,
31 Jan.
131 'Feb.
71 Jan.
26 Jan,
74% F ob.
25 Jau.
67 A pr.
1 0 6 k Jan,
100% Jan,
6 9 k Jan,
41 Jan,
34% Jan
11% Jan.
19 Apr
300 M ar,
Nov.
May
Dec.
Mar,
Oct.
.vug.
2k
12
52k
51
90
175 1 >n
83 k
16%
3k
20
13k
70k
99
A u g.
Nov 150
Feb
May
F eb.
Feb..
Feb.
Jan,
Jan.
A pr.
1 A ctual (sales
NEW YORE STOCK EXCHANGE PRICES.—STATE BONDS DECEMBER 8,
SECURITIES.
Adit.
Ai&b&iua—d M 6 A, 4 to 5 .....1 0 O 6 ! 100
98
Class B, 5e ..............................1906
c ia s * e , - I * .......................
i s o 93
6;
93
C a rr s ® e y fxrml l a g 4 s ........ .. 1 0 2 0 !
4
Arkansas—6e, i und,H ©I. 1809-1*900j
d » , N A B -ffo t fo r d ! ISO
7s* A r k a n s a s C a o t n l R E
L o u is i a n a —7 s . c o n s .................... 1 9 1 4
102
lOS
97
07
10
UK)
10
2
110
New c s n o R 4 s . . . . . . . . ........ 1914 i 9 8
HlssotiH—
. .1804-1^9.^1 t o o
SECDBITIE8.
New bonds, J & J ____ 1692 1898
Chatham R K ................................
Special ta x , Claes I .......... ...........
; Consolidated 4a.................... ip iu
1
Rhode Island—6ft, con . 1893-181*4
IBootb Carolina—m , hmi-fnrid.i 888
New Kork City Rank statement for the week ending Dec
2, 1803* is as follows, We omit two ciphers (00) in aU cases.
BA SK S.
(OOa om itted .)
Bid.
New York—6s. lo a n .................1893
North Carolina—6s, old . . . . . . . J&J
SECURITIES.
B>. .
Tennessee os, o ld .. . . . . . I « 9 2 -l« 9 t
60
6 . , new bonds . . . . . . 1892-8 Xdor
u
GO
do
new series.. . .
9H
60
70
Compromise, 2 -4-5-68.......191*2
New settlement, 6 s . . . . ___ 1913 102
5 s - - . . . - . . . - - . ....... .
— .1918 100
3%
3 s , , . . . ............. ...................... 1913
74
54%
Virginia funded debt, 2-3s..-1991
6
6 s, tie far red b on d s.. . . . — . — .
ft.. ,(, - i , I Car r.'e',- - 1,,.
h»
30
10
15
2H
97
113
no
74k
55%
7
New York City, Boston and l*kiladeli»Iiia Banks:
Baft a s .
ICapital. ;Surplus Loans.
Ask.
Nurpiux.
Loan. I Sptxi>.
Legal . Dvymuo.i Otrc'Vn Clearing,
Spmie. \Legal*.'Deposite.
N, Y o r k . '
$
S
S
I S
-Nov, 4 . . . . 1 3 8 .M 7 .‘ 401.383,3 97,116,5 «4 ,7 5 0 ,1!4 i 7,412,6 144< 99
S
$
S
i
• 1 1 . . . . 132*627,ft 402.988.0 fe8,04**9 7 e * l l £ S 4 5 5 ,7 3 ',9 143663
*
,O
Back of New Yakk.; 2,*0O f 2.101.4 12.7U U ) 2,290,0 2,870,01 3 4,730.0
132,527," 401,732,8 99,924,^41,717,21404,084,1 140766
“
1 0 . .. .
Manhattan <M......... : 2,050# 1.738.5 11.153.0 0,5.42,0 2,472,0 17.402.6
“ 2 5 , . . . 132,627,6 405,201,7 1008938J
08,60h,5 475,311,7 139319
Me rcima W ........... 2,000,0!
8 ,2 7 4 ^ 2,109.9 1,476*7
S7S.29.035.0 Dm-. 2 . .. 132,527,fe 409.190.1 104308c tf3,.>01,4 487,345,2 136582
Meekestm '...........- 2,000.6 2*067,6
8, 62,0 j 1 ,4 L7.0, 1.936.0
7.923.0
-*0">t0U.'
2,110,9 1 5 ,2 0 0 * ■4,£ “ 1,5 8.0
0
A m e r i c a . . . — . 3.0 0 0 .
8,0
10.425.8 N o v . l r . . , .
04,042,9 1 0 .,4 0 0 ,0 10 ,6 4 8 ,0 ! 9,O50.o| 149.720,0 9.288.0
i ,O0o.o;
----- . . . .
4.415.0 1,175,01
4 a .o
296.0 4.472.0
,211.0
“ 25 ..
64,042,0 162,228,0
C it y — ------- ------------- 1,(100,0 2,709,0 16,488,7 11,809,0 6.817.3 3 l
»*S©0,3 Bee. 2 . . . . 04,012,9 104,212.0 l l , 2 5 5 A j 9,100,0 «5 4 ,0 J5.0 9.164.0
103.5
T raw! men's— . . . . .
750,0;
329.7
300,3
2*152,4
p « i la . *
30 0 ,o: 7*321,9 22.758.3 6,9 9 0 ,0 2,108,1 20.286.3 -Wov,
O bendeaL..-..-^- J
29,746,0
80,38 3, ( -tAr8,o
97.832.0
Merchants' Exch’ge
SO ,o; 177.0 2,668,6
O
790.7
9,7
4.200.3
* 2& .. . . iS5.(M0.:i 97,256,’
•
»>
06,791,0 6,03 ■,<
31,28^,0
4
1.5HA-0
5, hi 5,€
Gal Satin 2ff*ttoael...i 1 .0 0 0 .
1,614,5
6.119.1 D<-c, 2 ... 35,8 1 0 ,3 97.374.0
3 i ,2 l2 ,n
9%571,<»; 0,002,0Batchemhfe m a-r ra*
300.01
318,9
183,e
1.011.1
264,6
1.500.1
Meeh&ok-s* < Twed’el *00,O 427^
fe
2,292,0
’ H'e omit sjoo ciphers in all these figure^ f In e lu d in e , f o r B oston ar d PaL a
l
466.0
165,0
2.370.0
182^
Greenwich ... .....J
1,100,1
S *M
O
208,3
1.139.7 deinhia. th e item " d u e *o o t h e r bank8.,,
16^*2
600,0
Ltmihm Maualacfriil
646.5
2.011.7
2,993*6
593.0
« ib.,2
100.3
Sevetilh N'itJtoBAi. . 'i 300.01
1.410.2
2-r4,*2
1704
1/504,3
1,200.0!
549.7
State of New York.
31 r ,r 1.299.4
2,236,4!
2.345.7
0
American Kawfe,<#t.~f 5.0 0 0 . 2*449,-6 19.809.0 4*180,0 3,784,0 18.3
i 5.0i U l B c e l h n e o t t !i B o n d s .
i l l l M c e i l a ii e o n s B u n d s .
01
iiomnierce.^...*. — s 5.0 0 0 . 2&7QM 17.559.4 2,657,3 8.413.4 19,100*3
8 . Y d s .—C o l.t.g ,5s
07^b. People’ * Gats & C. j let g. 0s. 100 b.
B road # ay
* 0 $
1.000.
6.128,*/
70
8& *4 4.586.7 Ok,
H
'-eierH do F u e l—G en . 0 a ...........
Oo., Chicago . . . ) 2d g. 8e. ■ 98 b.
Mercantile..------... 1,000,0 t , i 3 4,7| 8,438,6 1*452,0 1,329,9
8.407.0 Col. A Hock- C»m 1 ife I.—04, g.
Plea*. Valley Coal -le t g, 6e.
422,7
* 0 5 ,5 i 2.372.0
F antfle.......
6 1 3 ,'
05e,9
3,144*5, O onaol'n C oal—C o n v e r t. 6e.
100 h Procter «& (lamble—let g. 6tt
l,5iM ,0
904,9!
L epobU c......
9.334.2 1,907,7 1,848,3
b2*v'j 8rmday Creek Coal la tg 0s..
450 .0
C hatha q . . . . . . ,
9f 3,8
5,546,
«0l,U 1*044,:
5.730.4 Otnw.Ga« C o..C liio.—1 rtt gu.oH
Western OxuouTeleg.—
:o7 b.
331,11
200.0
......
403,0
574,3
1**26/
3*014,8- D en y, C. W ttt.W k «.—tie.u.g,6a
e l.
o ..................
5*5* 0. WiieeLL.Ev&P.Oual—Xytg 6o *;o a.
700 .0
North America.
1,728,1
4.771.0
5.975.3 B tk*tCrus eon . 1st » tsg . 6 o .. . . —
E
Hi ver o
1
8.052b,
U u iif» «e d B o tid a*
1,000,0
Mj&tmrm.
t3 #
58fl*5 5*278,2; 1,8 0 2 ,1 10.921.1
Edlaun E le c . I ll- Oo. —1st 5a . 10 i b. Ala. & V ic k s .—CohSoL 5v( g
ir k in g .,......... :
600 .0
2 15.0 2.491.0
3 «2 ,8
.
2 .4 0 .0
F.— let- 0^___
05 > ,
e?>
Vicks, ife Merut.lst 6s.
6 4 6 ,h!
2.069.0
485 .0
800,u
C Wizens'...-—. ------3.497.3 E q u ita b le G .
440,3
/Xenderaon B r id g —l e
h.
500.0
9 i ’ah
Um m a .
...r
401,01
1.946.5
007.8
290.1
2.013.3 H o b o k e n Land &.elin n t g . 65a 107 o. Am ur. De . Co. co l. tr. 5s
.—g.
Com stock. T uuuui-1no. 4a. .
760.0
Market < F u lieo..,
£
9 o.
822.5
000,0
5S0.1!
4,430,1
4 ,8 1 1 ,'
(ieo. Pac—1st 0a s. ctfs.......
152.7
500.0
90 b.
a. 049.)
St. Nicholas..—
2.023.3 M ie k ..F e a in . Car l a t o a , g . . .
117.4
4*6.1
M utual U nion T e l e g —o i g . . CIO v>.
2 d uiurt. In com e...... ........
ShtAe A 'Leather.,...' 1.000,0
o 1,1
.3,1 88,0
4.020.0
€49,0 1,282,0
83 u
Consol, 6s, g. ctfs,............
32 b.
Core Exchange.—... 1,000,0 1.227.7
790.6
,200,8
8 .0 5 1.0 N ational S ta rch M ig .— l e t 8 b.
ineome 5s, ctfs...1
..............
204.6
3,74 ! ,3 3,58M
1*000,0
5,998,9 N o r t k w eateru T e le g r a p h —7 a, •108 «ah.
QM focnttftl.*...
Coo. 7 g
3 00 .0
424 .0
560.2
Oriental...................
180.5
1.700.0
1.040.0 P e o r ia W a te r Co. -6 a , g . . . . . ' 95 a viem,^Charleston —
l
1 mpectera’ «fe Trad*#: 1.500.0 5,7**0,b 24.530.0 5.3.04.0 7,1 s o , C 2 4 ,« 3 t,0
N q t e ,~-u b * in d ic a te s p r ic e b ia ; “ a ” p r ic e asked. * L a te s t p i ic e th is w e e k *
Park.. — ........... .
2/>0<-U'i 3,13.-,6 21.265.1 5,3 i l , 7 3,A€3,0 25.900.1
137.4
2 50 .0
122.3
i,OA0.1
East Elver,..........
928,8
186*0
Fourth National.. .. 3 ,2 (0 ,0 2.130.5 18,'205,3 3,140,8 4.276,4 20,441,0
0
But% M N.
js
543,3
B id. Aftk.
B A N KB.
B id. A sa .
Central National— j 2.000.
0,9*60,0 1.209.0 2,297*0
9.970.0
BANKS. Bid. , A 8k *
511.0
4.163.0
300.0
Second National....j
943.0
4,9lre,0
a a ila t ln ......... 300
Ninth Mationai.
812.0
35*2.4
3.014.0
750.0
746.8
N. Y. Co’nty
3.864.7 A m e r ic a ....... 192
040
Am . E x c h .. . 145
7,316,4 2 i ,87 o^ 3.232.7 3,0 62.3 21.08
O a r lie ld .. . . . .
500.0
First Nfyfiionai,...150
N.Y, Vut.ita llJ
M
....
H erm an A m .
140.2
1.000.
1
!
150.7
Third National.
6.068.1 1.720.0
6.099.0 B o w e r y ......... 290 [310
Ninth. ..... no
275
G erm an E x ,.
1.174.2
161.8
N. Y. Nat. Exchange’ 300.0
79,1
1.103.1 B r o a d w a y . . . 230
270.0
10th Ward.. L*0
G e rm a n ia ..,. 325
2.403.0
250.0
B o w ery-,........ . . . . J
400.0
2.884.0 B a tch .Y & D r. 180
m
.
526.7
438,0!
N. America. io 5
ISO
***
G r e e n w ic h .. *50
New York County. .
570.1
200.0
*13.4
2,8(d),9
8.184.0 C e n tr a l_____
O r ie n t a l___ 230
009.0
250
German-A aaersoan.. { 750.0
. . . . . H a n o v e r ..... 310 350
2.246.4
8
2.274.4 C h a s e , . . . , . . . l i t !
300.7
638.6
Pucitle..._
_ 75
Ch atham ....... dtO 400
H ad . R iv e r.. 160
Chase Natiouai— . . \ 500.0 1.185.7
4.7 <s22,81,0
i 2,379,7 14.481.7
9,
Park........... 2 75
te
Fifth A v enu e,,,.....!
850.7
0.333,1 C h e m ic a l___ 4000 4800 Im. < T r a d ’ s ’ -70
100.0 1 ,(3 4 ,
8»7,4
5.643.6
People’s ....
I r v i n g ........... U O
604.7
German Exchange. J
2.981.7 C ity — ........... 4 25
248,9
- .
2.492.1
P h e n ix ...... 118’ 125
C itize n s’ ....... 145
L eath er M fs ’
G erroaiil*...............
200,0
451.7
691,?
3.0 1 1 .8
283.6
-,./U
2.494.1
’ induce Ex 126 130
L i n c o l n .. . .. . 450
5 ,“ 07,9 C o lu m b ia ___ _____
United Stated.,.__
512.1
600,0
Hep ublio.... 155 105
4.242.6 1,212, G 1 ,’ 11,4
.
177
M a n h a tta n .. 180
Ltnooln......... ..
4 (9 ,8
800,0
190
4.350.1
6.509.5 C o m m e r c e ...
7 19,8 1,153,2
e a b o a r d ... 173
132
135
M a r k e t s Ful
Garden! . . . . . . . . . . . . .
500.6
4*583,3 C cntinenfcal.
200,*
3.012.2
291.3
93 -f,4
Second___ _ 300
1 '9,o
M ech an ics’ .. 180
FHfch National .....
200,0
305.0
o0
deventh.... 125
330.6
1.7 28,5 O orn E x o k .. 2oO 300
.....
661.4 1,98 .’,0
6.104.7 D e p o s it ...... 150
■ c h s ' < TTs' 160
I’
fc
Bank of the Metros
770,
3* *0,0
I8i)
4.085.5
Shoedt Le’tL 110 120
i
M e r c a n t ile ..
West S i d e . .,™ ....
280.2
200,0
229.0
332.0
a2S
2.202.0 E ast l ii v e r .. 145
2.177.0
St. Nicholas.
M erohauts’ . . 147
Seaboard
.....
610.0 4.609.0 1 Lth W a r d ... I/O
3.976.0
246.5
500,(
156
704.0
Southern... 90
Sixth N ational......
M c rc h 'ts E x
125
3*1,6
16 1,0 1.315.0 F ilth A v e ___ O00
215.0
Stateof N. Y.
1.031.0
M e t r o p o lis . ; 150
220.5
2.100.0
W eateru National
8.200.9 1,952, ( 2,4 7 8 ,5 10,325,7 F ifth ............. . 300 320
500
Tnird. .... ..
F irst............. . oU0 . . . .
ML M o r r i s ..
2 44 ,8
4,202,0
979.0
fir s t Nat.. Br’kJyn.
800,0
rradesm’n’t
4,1 > 0,0
“
100
M u rray H ill 500
B oa »h era N a tion a l.. 1,000,0
326,7 1,348,0 First N f.,8 .1.
540
I ll’s 1.174.9
Uu'd Btate<
J20
14th S t r e e t ..
IW estern.... 108 no
197
w Y o r k ... 225
Fourth.
Total...
4 487 345.2
W aoj J4jde
230
60,9 2 2 .7 71,006.1 4 0 6 4 O M lOi^GWH 93
6
i
6
Xisceilaneoas and Unlisted Bond*.— Jtock Ex, prices,
2 66
64
2
8
LS7s.fr
littuli Stock List.- -Latest prices of bank stocks this week^
200
122 200
010,0
200,0
100.6
2
2
2 120
112
201
120
000
200 101
210 2 8
200
112
100
iff***
972
THE CHRONICLE.
( Vo l . L V l i
BOSTON, PHILABELFHIA AND BALTIMORE STOCK EXCHANGES.
I -# 1 S h a re P ric e s — n o t P e r C e n tu m P r ic e s ,
"
Active Stocks.
f Indicates unlisted.
Saturday,
Dec. 2
Atoll. T. A 8 . Pe (Boston). 100
2 1 i« 22
Atlantio A Pao.
“
100
72% 72%
Baltimore & Ohio (Balt.). 100
l e t preferred
“
100 123
2d preferred
“
100
iii
Baltimore Trac’n .(P h il,). 25 *1 8 % 18%
Boston A Albany ( Boston). 100 205% 206
Boston & LoweH
“
100 187
189
Boston A Maine
“
100 142
142
A n t r a l of Maes.
u
100 *13% 15
Preferred
"
100 *48
‘Obio,Bor.&Qn*55i.
“
100
80% 81%
<Chio. M il. A St. P . {P h il.).100
66 % 66%
^Ohfio. A W. Mioh. ( Boston). 100
• 6 2 % .........
Kjflave. A Canton
“
100
* 2 % ..........
* Preferred___
**
100
79
79
.Fitchburg pref.
“
100
34
35
H u n t. A Br. Top. (Phila ) . 50
5 0 % 50%
Preferred
“
60
40
40%
iLeliigh Valley
“
50
112
Maine Central (Boston> .100 *110
106
Metropolitan Trac. (Phil) .1 0 0 106
M exican Cent’]( . Boston). 100
*6%
7%
» , Y . A N. Eng.
“
100
3 1 % 31%
Preferred___
“
100 *58
62
Northern Central (B alt.). 50
6 8 % 68%
*6%
7
Northern Pacific (Phila.). 100
24
24
Preferred
**
100
O ld C o lo n y .... (Boston). 100 176 177
50
50%
Pennsylvania.. (P hila.). 50
Fhiladel. A Erie.
“
50
10% 10161
(
Phila. A Reading
"
50
93
93%
Philadelphia Trac. “
50
Sum mit Branch (Boston). 50
Union Pacific
“
100 *22% 23%
On* ted Cos.of T$.J.(Phila.)100 230 230
*3
3%
WesfcernN. Y . APa (Phila.). 100
!Y i> *c e lia iie o iig S to c k s .
A m. 8ug’r Refin. H(Boston) . . . .
81 % 83%
Preferred..........
“
84
84
187
S e ll Telephone..
100 185
27
27%
Bost A Montana
25
Butte A B oston..
1 0 % 10%
25
Calumet A H eola
25 3 0 0 3 0 0
Canton Co............ (B alt.). 100
5 4 % 54%
ConsolidatedOas
“
100
43
Erie Telephone (Boston). 100 *42
3=.% 38
(General Electric..
100
60
65
Preferred............ “
100
JLaanson Store Ser. “
50 * 1 6 % .........
51 % 51%
Lehi’h CoalAN av.'PAii.y 50
N .Eng. Telephone (Bost’n)lOO
55
55
North Am erican. (Phil.). 100
15*’ 15%
W e s t End L an d .. (B o sV n )....
* Bid and asked prices; no sale was
Inactive Stocks.
Prices of December 8.
iAGianca
Charlotte (Balt.).100
JBoaton A Providence (Boston). 100
•OMndcnAAtantio pf. (Phila,). 50
“
50
rCttawissa.........................
1st preferred.........
“
50
2d p r e f e r r e d ..,,...
“
50
•Contra! Ohio...............
(Bait.). 50
fOkari. Col. A Augusta
“
100
•Connecticut A Pass. (Boston). 100
•Connecticut R iv e r ...
"
100
iDelawareABound Br.(PAtZa,).100
IFlint A Per© M a r q ... (Boston). 100
Preferred........................
“ 100
Har.Porte.M t.JoyAL. (Phila.). 50
££an. C y Ft. S. A Mem. (Boston). 100
Preferred.......................
“
100
V C£ty Mem. A Birm .
K
“
100
k ittle Schuylkill........ (Phila.). 50
M anchester A L a w .. (Boston).1 0 0
M aryland Central___
(Balt.) 50
M in e K ill A 8. Haven (Phila,). 50
fcTescKehoningVa!___
“
50
. Northern N. H ............. (Boston). 100
’
North Pennsylvania. (Phila.). 50
O regen Short Line. . . (Boston). 100
.Pennsylvania A N. W . (Phila.) 50
...................... (Boston) . 100
.Preferred...................
100
<aatoo&rd A Roanoke. (Balt.) 100
Is preferred............,
“
100
W e st E nd........................ (Boston). 50
Preferred..................
“
50
W e st Jersey................. (Phila.). 50
W e s t Jersey A / *lan.
“
50
©stem M a r y l« n l..
(Balt.). 50
m. Col. A Augusta
“
100
m lngt’n A Weldon
*
*
100
W isconsin C e n tra l... (Boston). 100
Preferred............... ..
“
100
W o r c ’st.Nash.ARoch.
*'
100
Bid.
■ Unlisted.
!I
Tuesday,
Dec. 5.
2 0 78 21%
18%
*2%
73 %
Wednesday,
Dec. 6.
20%
2%
73%
18%
2
*72
*124%
110% 110% 110%
18
18
18%
206
*20S
187
*189
*142
*142
' 13%
13
14
*4*
*48
7938
79% H
O
64%j
64 % 65
19=8
2
Thursday,
Deo. 7.
18%
*2
252
20
52
120
220
12
40
82
63
70
55
*8*3*
7%
45
59%
82%
82% 84
84% 85%
185
185
27 % 2 8 !*
10% 10%
300
305
54^8
*43
33 %
52
....
5 1 78
*53
..........
15
made.
Ask.
55
35%
54
52
55
i*5
19=8
8
3%
4%
3
11%
3
50
9
175
29
172
1*0
157
60
i%
46
25%
$ A n ! accrued interest
19
£&nge of sales in 1893.
Low est.
1938
843s
85
1S7
29
11
300
83% 84%
84
82=8 84=8
83
84% 84%
84
84
84
84%
188
188
188
188% 188%
188
28% 29
28
29%
28
28 %
9 78 1 0 78
9 78 103$.
9% 10
300 305
*297% 305
300 300
*63
70
5 4 78 *55
54% 5 4 ^
5 4 78 55%
53 % 54%
*4‘2
42
43
42%
40
42 k
3 4 7a 32% 34
33
33% 3 4=8 ' 34
35
55
57%
56
56
60
60
60
60
*16% 17
*16%
17
17
16% 16%
52
52%
52% 53%
51 78 52
52 % 53
*53
55
53
53
52
52
*52
53
*4%
4%
4%
5
1 4 78 15
13% 14
*14=8 1 4 78 *14% 14=8
8 2 7e
84%
184%
28%
10%
300
Inactive stocks.
Bid.
Ask.
85
A t.T op .& 8.F .100-yr.4g.,1989, J&J
2 d 2% -48, g., Class A . .1 9 8 9 , AAO
252%
Boston United Gas 1st 5s.................
5
2d rnort. 5 s................................1939
Burl. A Mo. River E x e n p t 6s,JAJ
52%
Non-exempt 6 s ........... 1 9 18, JAJ l
Plain 4 s ............................1910, JAJ
Ohio. Burl. A Nor. 1st 5,19 2 6 , AAO
2d mort. 6 s ................... 1918, J AD
Debenture 6 s................1896, JAD
Chic. Burl.A Quincy 4 s ..1 9 2 2 ,F A A
15
Iowa Division 4 s ........1 9 19, AAO
45
Chic.AW .M ich. gen. 5s, 1921, JAD
Consol, of Vermont, 5s. 1 9 13, JAJ
Current River, 1st, 5 s ..192 7 , AAO
Det. L an s.A N or’n M. 7 s. 1907, JAJ
Eastern 1st mort 6 g ..l9 0 6 , MASt
E ree.Elk. A M . V .,ls t, 6 s .l9 3 3 , AAO
Unstamped 1st, 6 s___ 1933, AAO
K.C. C. A Spring.,1st,5g .,1 9 25,AAO
K 0 . F .8 .A M . con. 6s, 1928, MAN
55% K.C. Mem. A B ir.,1st,5s,1927, MAS
K.
C. St. Jo. A C. B ., 7 s . . 1907, JAJ
L. Rock A Ft. 8 ., 1st, 7 s .. 1905, JAJ
L ouis.,Ev.ASt.L.,1st,6 g .l9 2 6 ,A A O
2m ., 5—6 g ...................1936, A AO
Mar. H . A Ont., 6s........ 1925, AAO
52
52%
Mexican Central, 4 g . . . 1 9 1 1 , JAJ
10
1st consol.incomes, 2 g, non-cum.
7
2d consol, incomes, 3s, non-cum.
7%
5 9 % N. Y . A N .E n g,, 1st, 7s, 1905, JAJ - 115
106
1st mort. 6 s ........ - .................. 1905, JAJ
109
54
99
2d mort. 6 s ...................1 9 02, F A A
100
Ogden. A L .C .,C o n .6 s ...1 9 2 0 ,AAO 105
105%
1*4
Inc. 6 8 ......................................... 1920
Ru tland, 1 s t,6 s ...........1902, MAN t ,tl0 9
2d, 5 s .............................. 1 8 9 8 ,FAA > 98%
Bonds.—
Philadel ihia
*40
11
8ales
of the
W eek,
Shares.
Friday,
Dec. 8.
50,245 12% July
50 l 16ie Aug.
72% 7 3 %
*72
73
84 56 % July
125
*125
*125
125 Sept.
111
110%
*112
115
60. 110
Aug.
1 7 7« 18
18%
17% 1 7 7e
17% 18
4,650' 15% Nov.
207
2 0 5 % 205%
207
207
145 195 July
207
207
*187
'1 8 8
187
....
188
188
19 170 May
*142
145
*142
141% 142%
118 130 Aug.
*L3%
*13% 15
*14
15
55 10% July
*48
*48
52
*48
46 Jan.
79 % 801%
7 9 7p 79% 80
79
9,273 69% July
79%
65% 65%
64=8 65%
64
64^i 25,200 46 % July
64%
*25
30
26 % July
*•62%
•62% *•62%
*•62%
•50
‘ **70 50c. Sept.
3
*2%
3
2&
S
*2%
2!>h
175
2 Nov.
79
8o
80
79
79
80
80
80
228 69 July
79 % 80
*
*33
*33
35
34
12 29 July
50
50% 5<>%
50% *
50%
50% 50%
50% 50%
91 46 Aug.
3 7 % 39=6
38
38%
39% 40
8,074 29 % Aug.
3 9 % 39%
38 % 39%
*110
112
100 Nov.
106 103% 106
107
1 0 6 % 107
106
106% *106
2,110 69
107
Aug.
7% * __
*678
7%
7%
' 6 7g
7%
*7%
7%
7%
5 June
30% 31%
30% 30%
30% 30=8
31
31%
3*153 17 July
30 % 30%
62
62
*58
60
*58
60
61
3 44 July
*60
68% *69
*68%
*69
*68%
*68
108 66% July
69
6%
7
7
6%
6%
6%
6%
6%
6%
1,753
6=s
3% Aug,
*22
23
23
23
22% 22%
*22% 22%
23% 23%
624 15% Aug.
178
178
178
178
178
178
176% 177% *176
74 165
Aug.
4 9 78 50
49 78 50
4 9 7s 50
3,149 4 6 % July
4 9 78 50
49 % 50
*
•
27
25
*25
20 Sept.
10111B
1013lf
1056 101 lt, 109|fll0l3l, l o i v
1 0 ^ 109t61 0 n le 13*.63 8 6%e July
943g 95
95 % 95 %
96% 97
97 % 973j
97
6,486 58
98
Aug.
A
____
8
8
6%
6%
5
5 July
22
22%
21% 22
21
2 c % 22
21
215a 21%
3,395 15% July
*230
230
230
230 *230 232
230
*230
7 216
Aug.
23s
3%
3%
2%
2=8
2%
2 7e
2 78
2,103
2%
2 Nov.
2=8
.
Bonds—
Boston.
MISCELLANEOUS.
.Allouea M ining..........(Boston). 25
a tla n tio Mining.........
“
25
■City Passenger R R ... (Balt.). 25
ftl&y State Gas......... (Boston). 50
/Boston Land...............
“
10
"Centennial M in in g ...
“
10
IFort Wayne Electric!)
“
25
. ^Franklin Mining........
“
25
•Frenchm’n’s B a y L ’nd
“
5
Il linois S t e e l .............
•
*
100
C&eare&rge M in in g ....
“
25
M orris Canal guar. 4 . (Phila.). 100
Preferred guar. 10
•
*
100
’aO 'oeola Mining........... (Boston). 25
-Pillm an Palace C a r..
“
100
G <ncy Mining...........
“
25
T£ ma?ack M in in g ....
'
25
U n ited Gas Im pt.
(Phil.)...........
W ater Power............... (Boston). 100
W esting. Elec. 1st pfd.(Boston). 50
Assenting
“
. 50
M onday,
Dec. 4.
Allegheny V al.,7 3-10s, 1896, JAJ 107
Atlantic City 1st 5s, g., 19 19, MAN
Belvidere D el., 1st, 6 s .. 1 9 02, JAD
Catawissa, M ., 7 s ..........19 00, F A A 112
•45
11% Clearfield A Jeff., 1st, 6s. 1927, JAJ 118
Connecting, 6 s ..........1 9 0 0 -0 4 , MAS
8% Del. A B ’d Br’ k, 1st, 7s. 1905, F A A 123
Easton A Am . ls tM .,5 s . 1 9 20, M AN 106
4% Elmir. A W ilm .,ls t , 6 s. 1910, J A J . 115
3% Hunt. A Br’d Top, Con. 5 s .'9 5 , A AO 101
12% Lehigh Nav. 4 % s ............ 1914, Q—J 107
2d 6s, gold..................... 1897, JAD 108%
3%
99 %
General mort. 4% s, g .l9 2 4 ,Q —F
9% Lehigh Valley, 1st 6 s ... 1 8 98, JAD 107
2d 7 s ................................ 1910. MAS 129%
Consol. 6 ..............* .. ... 1 9 2 2 , JAD
30
North Penn. 1st, 7 s .....1 3 9 6 , M AN i ‘05%
127
173
Gen. M. 7 s .................................1 9 0 3 , JAJ
122
Pennsylvania gen. 6s, r ..l9 1 0 , Var 125%
Consol. 6s, c
..............1905, Vr.r 117
159
113%
60%
Consol. 5s, r ..............................1919, Var
2
Collat. Tr. 4 % g ........... 1913, JAD
119%
4 6 % Pa. A N. Y. C a n a l,7 s ... 1 9 0 6 ,JAD
26 I Pa. A N. Y. Ca., con. 58.1939. AAO
1 Last price this week.
100
123
107
122
22,921 62
1,267 66%
488 166
25,317 15
5,075
5
76 247
62 %
2,403 50
441 3 6 %
17,6 4 0 3 2 %
300 44
10 12%
693 46%
8 47%
100
2%
2,275
9%
July
July
July
July
July
July
Oct.
July
Aug.
Dec.
Aug.
July
Aug.
Aug.
Aug.
July
Highest.
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Feb.
Feb.
Jan.
Feb.
Feb.
Jan.
Jan.
Feb.
Feb.
Feb.
Feb.
Jan.
Jan.
Jan.
Feb.
Jan,
Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
Feb.
Jan.
Jan.
Jan.
Feb.
Apr.
Jan.
Mar
Jan.
16
14
27
13
18
24
6
6
26
14
14
21
23
3
3
3
6
12
9
27
6
28
16
17
13
23
6
6
6
27
16
2
8
12
27
13
24
1 3 4 % Feb.
104% Jan.
212 Jan.
3 4 % Jan.
12 Jan.
320 Jan.
7 2 % Jan.
65 Apr.
5 0 % Jan.
114% Jan.
119 Jan.
2 6 % Feb.
54% Feb.
6 1 % Jan.
11% Jan.
18 Jan.
6
19
27
16
17
21
18
10
16
16
18
20
2
20
23
4
36 %
4%
97%
135
122
29%
227
200
178
22%
62%
103%
83%
49%
6
19%
95
40 %
56
62
130
150%
13
52
102
70%
18%
50 %
221
55 %
35
26%
142%
9%
42%
232%
7%
Bonds.
Bid. Ask.
Perkiomen, 1st s e r.,5 s. 1 9 18, Q—J
Phila. A Erie gen. M. 5 g .,1 9 2 0 , AAO
Gen. m ort., 4 g . . . . . . . 1 9 2 0 , AA O
Phila A Read, new 4 g., 1958, JAJ
1st pref. income, 5 g, 1958, Feb 1
2d pref. income, 5 g, 1958, Feb. 1
3d pref. income, 5 g, 1 9 5 8 ,Feb. 1
2d, 5 s...............................1933, AA O
Consol, m ort. 7 s..........1911, JAD
Consol.mort. 6 g ..........19 11, JAD
ImprovementM. 6 g., 1897, AAO
C on .M .,5 g.,stam ped,1 9 2 2 ,MAN
Phil. Read. A N. E. 4 s .............. 1942
Incomes, series a .....................1952
Incomes, series B ....................1952
Phil. Wilm. A Balt., 4 s . 1917, AAO
Pitts. C. A St. L ., 7 s . . ..1 9 0 0 , FAA
Po’keepsie Bridge, 6 g . 1 9 36, F A A
Schuyl.R .E.Side,lst5 g .1 93 5 , JAD
Steuben. A In d .,lstm .,5 s. 1914, JAJ
United N. J ., 6 g ..............1894, AAO
Warren A Frank:.,1st,7 s,1 8 9 6 ,FAA
98
111%
100
713* 72
3 4 % 343*
23% 24
19% 19%
111%
128
120
122
103% 104%
9 7 % 99
49% 50%
25
B o n d s .— B a ltim o r e .
A tlanta A Chari., 1st 7s, 1 9 0 7 ,1 &J
Income 6 s..................... 1900, AAO
Baltimore Belt, 1st, o s .1990, MAN
Baltimore A Ohio 4 g ., 1 9 35, AAO
Pitts. A Conn., 5 g . . . l 9 2 5 rF A A
Staten Island, 2d, 5 g .1 9 2 6 , JAJ
B&l.AOhio S .W .,1st,4% g. 1990, JAJ
C ap eF.AYad.,Ser.A.,6g.l9L 6, JAD
Series B., 6 g ..................1916, JAD
Series C., 6 g ................. 1916, JAD
Cent. Ohio, 4 % g .............. 1930, MAS
Chari. Col.AAug. 1st 7s .1 8 9 5 , JAJ
Ga. Car. A Nor. 1st 5 g . .l 9 2 9 , JAJ
North. Cent. 6 s ..................1900, JAJ
6 s ........................................1 9 04, JAJ
Series A , 5 s .................... 1926, JAJ
4 % s .................................. 1925, AAO
P ied m .A C u m .,lst, 5 g . 1911, FAA
Pitts. A Connells. 1st 7s. 1898, JAJ
Virginia Mid., 1st 6s. ..1 9 0 6 , MAS
2d Series, 6 s___ - ........... 1911 MAS
3d Series, 6 s ................1 9 16, MAS
4th Series, 3-4-5s. — 1921, MAS
5th Series, 5 s ................1926, MAS
West Va C. i ° 1st, 6 g .1 9 1 1 , J AJ
WePt’ E.1
S.C. Consol. 6 g .1 9 1 4 , JAJ
Wilm. Col. A Aug., 6 s .. 1910, JAD
____
115% 116
104
104%
102
104
114
90
114%
94
110
96
112
104
105
..........
97
87 %
111%
112
109%
103
95
110%
109
109
102
98
89%
113
100
111%
il2 %
96%
104% 106
85
109%
MISCELLANEOUS.
Baltimore—City Hall 6 s . 1900, Q—J
Funding 6 s ...................1 9 0 0 , Q—J
West Maryi’n HR- 6 a ..lS 0 2 , JAJ
Water 5 s ................... ..1 9 1 6 , MAN
Funding 5 s . . . . . . .........1916, MAN
Exchange 3 % s .......... ..1 9 3 0 , JAJ
Virginia (State) 3s, n e w .1 9 32, JAJ
Chesapeake Gas, 6 s . . . . . 1900, J AD
Consol. Gas, 6 s .. . . . . . . . . . 1 9 1 0 , J A D
5 s .......................
1 9 39, JAJ
equitable Gas. g-«
•1
-
115*'
100%
66
105
114
102
108
i 'l f
67
106
115
102%
110
NEW
97s
THE CHRONICLE
DECEMBEK 9, 1895 J
VO UK S T O C K E X C H A N G E P R I C E S { C o n t in u e d . ) — A C T I V E B O N D S D E O . 8 , A N D F O R F E A R 1 8 9 3 ,
I
'O lotfng m n g c . (sales j in 1893.
H a h j s o a d a s x > M i s c e l . B o n d s , h u e r «-
P r s e c ------------------------------------------
.terWit. Dec. 3
Lowest.
i Mighest.
Olos’ n g M ange (sa les) i n 1893,
R ailroad and Mlscel. B onds. Inter*■ P rice
sij
P eriod . Dec, S
Lowest,
i H ighest.
Pae.olMo.—2d exten.5s.1938:J & J103%b. 103 Nov. 108% Jan,
Mobile AOhlo—New, 6g..l927|J A D 109 b.108 Sept. 115 % Apr
General mortgage, 4s... 1938 :M A S 62% ! 44 July ( 63 Jan.
Nash. Oh. A 8t.D—1st, 7a.1913 J & J130 aJll7 Aug. il30 Jan,
. Con., 5 g .........................1928 A A O 101% 100 Nov, 105 Feb,
N.Y. Cent.-Debt Ext., 4a.1905,M A N 101 b. 97 Aug. 103 Mar.
1st, ooupon,7s................ 1903 !.T & J,125%b. 116 July 125% Nov,
i Deben.,os,ooup.,1884..1904 M A B|l07 b. 101 Aug. 108% Jan,
N. Y. A Harlem—7s.reg.l9001 A B;116 b. 114% Aug. 119% Feb,
M
K. W. A Ogd.—Con., 5s. .1922 A A 0112% 103 July 115 Feb.
N. Y. Cble. A Bt. D. — g..-1937|A A O 98
4
89% Aug. 99% Feb.
N.Y.Elevated—7s ...........1906.1 A Jill2%b. 105 July 113% Nov,
Consol., 7a ......................... 1902 M i N 11 8 b. 118
May 122
Feb.
General mortgage,5 g.. 1987; J a .1 113% 1 0 2 Aug, 1 I4 Dee. iN.Y.Daok. A W.—lst,6B..1921iJ & Jil28%b. 117% Aug. 131 Feb.
Leh.AW.8„con..7s,a«y
d.l900 Q—S 107% ilOO Sept. 110 Jan. i Construction, 5s.............1923 F A a llx
S
105 Oet. 114 Jan.
N.Y.DJE.AW.-l8t,oon.,7g.l920'M A 8132 b. 120% Aug. 139% Jan.
do. mortgage, 5»— . . . 1912 M * X 98 b. 90 July 100 Apr.
Ain.Dock&fmp.,5«....1921 J A J 110 b. 100 Aug. I l l
Dee.
2doonsol.,6g................ 1969 J A D 75
53 July 105 Feb.
Centra! Paetflo—Gold,6a..1898 J * J 100 b. 101% Ang, 109% Jan. i Cong Dock Consol,6 g ... 19351A A 0 123 b. 119 Oct. 125 Feb,
N.Y. 0. A W .-B et. 4a*«..1992|M & s ; 84%
Cites. AOhio—Mort.,6 g.,1911 A a- oU6%b.(U0 Sept. 118
Feb.
76 Aug. 86% Feb.
lslconsol.,5 g ................ 1939 M * X I03%b. 90 Aug. 100
Feb.
Consol. 1st, 5 g ........ ....1939 J A
97% Aug. 109 Nov,
N.Y.6US.AW.—Iatrel.,5g.l937 J A
Gen. 4%s. It...................... 1992 M * 8 70%
61% Aug. i 85% Feb,
98 July 107% Mar,
K.&A.D1V.,1st eon.,2-4 g. 1989 J A J S5%
70 Aug. 85% Dee.
Midland of N. J.. 6 g .... 1910; A A
107 Aug. 120% Mar.
do 2d con.,4 g ... 1939 J &J 79 b. 68
Aug. 80
Feb.
Norl. A W.—100-year, 5 g.1990 J A
81% May 90 Jan.
EUx.Lex.ABtg8an.-5 g.1902 M * f> 99
SB Sept. 101
Pels. ! Md.AWasb.Div.-lst.5g.194U A
80 July 91 Jam
Clue, Karl. A
Con.,7s. 1903 J *
J
123
10 . %
8
July .123Dee,
Nortb.Fao.—Ist,oonp.,6g.l92l!J &
100 Aug. 118 Feb.
General,
Debenture,f.»..................... 1913 .MA
S98%
83
Aug. 102% Jan. 2d, oonp., 6 g ..1933! A A O
80 Aug. 115 Feb,General,
8,103
89%
July .108%Jan. 3d, coup., 6 g.,1937[J A D
Convertibles*....................1903 M *
60 Aug. 108 Feb,
Denver Division,is.....1922 F ,v
A88b. 87%
Sept. ! 91%Jan.more, 5 g .. . .......1989 J A D 32
Consol,
21% Aug. 74 Feb.
Kebraak»E»tea*lon,ia.i927 M Aft 87 b.' 79% Aug. 88% Jan. ) Cot tr. gold notes, 6a... 1898iM A N
93 June 95 July*
Chic. A N.F.—1st, 5 g . . . 1940!A A O
Chle. AE. m .-l«t,s.f.,6s.l907 J AD* 1U%1>. 108 Aug. 116
Apr
35% Aug. 80% Feb,
CotuoE.'Sg.....................193 4:A * OH20 b.illo Oct. 1123% Mar (North, P&o. Ailon.—6g ...l9 3 8 5I A a
47 Sept. 89% Feb,
North. Fao. Ter. Co.- 6 g ..1933 J A J
Genera! consol. lat.Sa.. 1937 M * 5 ' 99% 93% Aug. 103
Apr
82 Not. 104 Febi.
Ohio A MIbs.—Cons. s.f.,7s. 1898 J A
OtiicagoAErle—lat,5 g . . 19S2 M & S 98%b. 87
July ................
102 Aug. 112 Feb,
103% Feb.
Consol., 7s....................... 1898 J A Ji 1 14 a. 103 Aug. ; 110% Mar,
I n c o m e ,6 « ................... ..1 9 8 2 Oet'ft’ t 33 ti. 20
July 44% Jan.
Chic, Gas L, AC,—lsi,5_g.19373 * J._?« a., 70% Aug , 92% Feb.
94% Dec. 109 Jan.
Ohio Southern—1st, 6 *...192! J A Di 95%
J 128 b. 119 Aug. 129 Apr.
Chlo.M li, A 8t,P .~-€on.7a. 1903, J
General rnort, 4 g...........1921 M A N 50 b. 40 Aug. 64 Jam
1st, Southwest D lv „ 6a.l909:J A . I l l y is.4 0 5 Ait*. ,115% Dec. lOmaba A 8t. Fouls—4 g ... 1937 J A J
60 Feb. 68 Jam
l»t,8 a ,M ln , Illy.. 6 b . . . . 1910 J A j iia%b. 10 6 Aug. 116% Feb.. ! Oregon Imp. Co. -ls t ,6 g.1910 J & D 97 b. 90 Aug. 105 Feb,
Ist.Cfc-APao.W .Div., 5 a .1921 J A J'109%!>. 103 Aug. 112 May
Consol., 5 g......................1939 A & O 55%
32 Aug. 67 Feb,
CMc. * Mu. Ktv. Di v „ 5*. 1926 J A J ‘ 105 a. 97 An s. 105 Apr.
Ore.R.A Nav.Co.—Ist,6g.l909 J A J 104%
97 Oct. 112 Mar,
'
,j
Wl*. * Minn. Dlv., 5 * ..1 8 2 1 J * J 10“ l> 99 July 108 Apr.
".1925 J A D 67 b. 60 Nov. 94% Feb.
Consol,, 5 g.......
T erm inal,5 * ............... ..1911 J * J l o ? b. 98 July 109 Jtnte iPennsylvania—4s, g .......1943 M A N .......
102% July 103 July
Gen. M,, 4 g ., aeries A . ..1980 J .* ,. 83 !».: 86 J o l y : 9 5 A p r .
,,
A I
Fa. Co.—4% g., coupon___1921 J A J 108
102 July 110% Apr
Peo. Dso.AKvansv.—6 g ..l9 2 0 J * J *86 o. 75 Oct. 104 Mar,
.
112%b.{105 Aug. ,115% Nov.
Chle. AN, W.—C onsol,,7s.. 1915 St—F !J 6 b. 120 Sept. ,139 Den.
Evansville Dlv., 6g ....l92 0 .M A 8 SO b. 84% Nov. 105 Feb.
Coupon, gold, 7*..............1902 J A 0 1 1 6 b. U7 July 125 Nov.
2d mort.,5g.................... 1926 51 * N 3o b. 34 Nov.
72 Feb.
Sinking lu u d .B a ... ........ 1929 A & O U ,f% b. 109
59% Aug. 85% Jan,
Phiia. A Read.—Gen., 4 g.1958 J A J. 72
July 115 Feb.
20 July 78% Jam
Sinking fu nd,5a.............. 1829 A A D 109 a. 100 Aug. ;io» Jan. ! 1st prof. Income. 5 g.......1958 ............ ! 34%
Risking fund d ebem .S s.1933 M A M l.08% 1 0 3
70 Jam
2d prel. Income, 5 g...... 1958 ............ i" 23%b. 14% Aug.
103% N>»v. 112 Feb
85-year debenture,5 . . . 1909 M A X 103%b. TOO June 106% Mar.
3d pref. lnoome, 6 g...... 1958 .............| 20 a. 11 July 62% Jam
Extension, la.................1926 ! * A 96 b j 90 Aug. 98 Jan.
88 Apr.
Plttsfmrg & Western—4 g. 1917 J A J 877sa. 72 Aug.
Chle. P e o .A » t .L o w a -5 ,< .1928 M A 8 95 a 9 3
102 Aug. 111% Nov,
Aug. JOO Mar. Kleb, A Danv.—Con., 6 g.,1915 .1 A J 101)
C M c,B .I. A l ’ ao.--6*,oou p.lB 1 7 J * J 126 t> 111 July 126 Dee,
ConsoL.oit....................... 1936 A A O }65 b. 60 Aug, 78% Mar,
Extension a a d c o i.,5 8 ... 1931 J A J 101% ] 88 July ,u>2 Not.
Eleb.AW.P.Ter.-Trust.,6g.l897 F A A |42
140 Aug. 83% Feb.
80-year debent. 5e.......... 1921 M A s 94%
68 Sept. 1 97% Feb. ■ Con. 1st A ool. trnist,5g.l9l4 M A 8 ! 20
115% Aug. 52 Feb,
CfJt- s'- J
\
x 1...
UOu J a I; 1
. :i,.
,W
J 72% 54 Aug.
78 Feb.
vut 123% Nov.
Clev eland * Canton—5 . . .191'’ .! a J 80 b. 8 0 Nov. 9 2 % Apr.
Bt, Jo. A Gr. Island—6 g ..1925 M A Ni 66 b. 67 Nov. 96 Jam
C. C. C, A 1.—Consol., 7 k . 1914 J A D 12.. b.: 119 May 1 1 9
May St L. A Iron Mt. 1st ext, 5s.’97 F A A lt)2 %b. 95 Aug. 103% Jam
General consol., 6 « ....... 1834 J A J U 8 b.;115 Aug. 1122% Feb.
103 %b. 94 Aug. ,109 Apr.
2d,7g............................... 1897 M A
0.
C.C. * ft!. L. - Peu. * K.4*. 1940 A A Oj as Aug 79 Jam I Cairo Ark. A Texas. 7 *..1897 ,1 A
71
97%b. 95 Sept. 1104% Siam
Income, i s . . . . . ...............1990 April. 15
12 a u k . 1 26% Jiiu.
75 b. 60 Aug. I 90% Jaa,
Gen. B’y A land gr.,5g..l93l A A
001, Coat * Iron—6 g .........lsiuo F A A 95 b 91 Nov. 106 Jan.
Bt.l.. A Ban i-'r. -6 g.,Ci.lA loot! M A
104 b. 100 Aug. 114% Apr.
O ol.M idland—C o n .,4 * ...1 9 4 0 F A A 40%
6 g., Class C...................1906 M A N 104 b.TOO Aug. ,114% Apr.
33 Aug. ! 67 Jan.
OoLB. Vai. AT 0 L - C 0 0 . ,5 g . 1931 M .. - 90 b. 74 AOg. j 94% Jan.
General tuort, 6 g.......... 1931.! A
98 b.j 99 Aug, U l% Apr.
G en e ra l,S g ,
............,1 9 0 4 4 * Di 90 b. 82% Aug. 99 Apr.
50 Aug. 1 68 Apr.
Bt, L.80 .West.—1*%4a,g.. 1989 M A N 60
12 July ! 28% Feb.
Denver * M o < 5 .- 1 st,7 g . 1900 M & N ' U 2 b. 1 1 2
July 1 1 9 Apr.
2 d, 4«,g., income............ 1989: J A J 19
lite o n s o i.,4 g ..................1 9 3 8 J * J 90 b. 71 July j 88% Feb.
8 .P.M. AM.—Dak. Ex., 6 «U910 M A
115 b. 109% Aug. 119% Apr.
D e lB .C ity A A Ipen »—C g .1913 J A J *56 b.i 60 Sept. I 74 Jan,
1st consol., 6 g................ 1933 J A J I19%b, 111 Aug. 123%.Mar.DsCMafl * Jl.--C '< lgrante.l911 A * o -_ *
*j
do
reducedto4%g.. J A
i 2 o June ; 40 Jan. 1
102
97 Aug. 103% Apr.
D oL B o-S h -A A U .--5 g ..,.1 0 3 7 J * J 103 b. 90 July 103 Apr. : MontanaExtenslon, 4 g.1937 J A 0 90 m 79 Aug. i 92 Nov..
l
E.Tenn.? * « . —Con.,Sg.I960 M A N 89 b.i 80 Out. I 94 Apr, ! itian A. A Aran. P.—1st,6 g. 1916 J A J .......... 455 Sept., 76 Mar.
Knoxville * Ohio, 6 g. . . 19 2 5 j * j ms u. 92% A’tg. ltil% Foil. : ' 1st, 1 K gu......................1943 J A .1 58% I 52 Aug. 60 Aug"
.
Ft. W.ADenv.CUy —6g.,192l J A l, 71
; -01% Nov. 1 0 1 Apr. j jSeatUe UB.AK.—lst.gu. 6.1931'F A A I 0 4 %b.i 40 Aug. 92% Jan.
"
. .
..
- G aL H .&.fl.A B ,-M .*I>.D .lst.5g. ............. 9 0
M A Ni
ee’ty Corp. (N Coni.) I«t con,6 :* M A N
70 May 99 Apr.
b.i 90 Nov, j 97% Feb. i ■B
Han. A at. J o s .-C o n s ., 6». l i l t ! M ,v o 1 1 « , 108 Aug. [117% Feb, : ,80 . Car.—1st, 6 g„ex coup. 1920,........... 108 b.|105 May 108 Nov,
H o w .* T e x .C .—Gen. 4 s ,g .l9 2 1 A * Oi « t %
Get, 1 0 0 % Jan.
8»I, Nov. ; 7 0 Jan. j !8 o. Pao., Art*.—6 g....... 1909-10 J A J 95
fflinoi* Central—4 g ..........19521a A o i 9 9
*
99 Dee. 105 Mar. | 8o.PaclUo,Cal.-U g .... 1905-12, a A O 107 b. 104% Oet. 115 Feb-,
97% Jan,
lo t. * Gk No.—1st, 6 g . . . . l 9 I 9 M & N 110
ItM) July 113 Apr. 1 i 1 st, consol., gold, 6 g---- 19381A A O 90 1
90 Oet.
*
„ 2d 4-5s.............................. 1909 M * S 6«% a. 60 July ; 72% Fen. ! iBo. FaclflO, N. M.—6 g........1911 J A J 94 1 93 Nov. 105s Feb.
Iow a Central— le t , 5 g ....... 1938 J
* 0 87%b.i 73 July 90 Feb,
Tenn.C.I. AKy.—Ten.0.,lst,6g A A O 70 i 74 Aug. 95 Feb.
Eentucky Central —4 g — 19H7 J * J - S 2 b. 80 Aug. 87 Apr.
Blrm. Dlv., 6 g................ 1917 J A J 83 ; 70 July 95% Jam
E in **C o. E L - l s t . 5 g .„ .1 9 2 5 .[ * J 87
81
Nov. 103% Feb. Tex, A P ao.-lst, 5 g.......... 2000 .1 * D 76
59 July 81 Jam
E a a ted e G e e - 1st, bit . . . -.1 919 Q—F : «t% b . 70 Aug. 87% Jsd. i 2 d ,income, 5 g .. ............. 2000 March, 20%
13 July 29% Jam
D » k e E r i e * West.—5 g . . . . l 9 i 7:j * J 1 1 2
ToL A. A. A N, M. - 6 g.......1921 M & N
103 Jan. 108% Jam
108% Aug. 113 Feb.
9 Apr.
h. S tore— C on .op ., 1st,7 * .1800 J * 4 120% 113 July 121 Nov. *Tol. A Ohio Cent.—5 g.......1935 J & J 107%b.l00 Aug. 1 Q
Consol, c o u p .,2 d ,7 » ....... 1903 J A- D i2 0 H b . 114
Aug. 123% Oct. (Tot. Peo. A West.—4g....... 1917 J * J 81% | 70 Sept. 81% Dec.
lo n g ial’d—1st, con., 5 g .. 1931 o —J
Aug. 116% Feb,
Tot- Bt, L. A Kan. C .- 6 g ,.1916 J * D 164
I 48 Atlg. 90% Jam
General.m o rtg a g e ,4 g .,1 9 3 8 J
* D 96
_______ _ J H
* ...
;
107 b. 102 Aug. 110% Jan.
i m July | 97 Nov. Onion Paolho—6 g.........J 1899 J
lajals, * Nash.—Cons., 7s. 1898 A &
Sinking fond. 8 s ........... ...1 8 9 9 M * B 95 b. 99 Deo. 100 Nov,
(109=86. 106 Aug. 1113 Jan.
N.O. * M o b . 1 s t ,6 * ----- .1930 J *
Collat. trust 4 % .................... 1918 M
0.110 Aug. 123% Apr.
b.
*49 * N 48 July 73% Jam
118
do.
2d, 6 g ........ 1930 J *
72% Aug. 102% Jam
Gold 6s, cob trust notes. 1894 F * A 9 1
July 110 Feb.
G eneral,6 g . . ...................1 9 3 0 J *
106 Nov. 113% Apr
E a n .P a c .-D e n .D x v .-6 g .l8 9 9 M * N 109
io 9 ^ k 107 July 119% Apr,
DnlDed, 4 g .................. ..1 9 4 0 J *
77 Oet. 112% Apr.
Tstoonsol„6 g ..................1 91 9 IM * N 90%
*77 b.j 75 July 83% Feb.
N a s b .fi.* 8b.—1st gtd.5 g ’37 uF & A
Oregon Short Line—6 g . . 19221F & A 82 b. 70 Got. 109 Jam
...: 95 An*. 101 Mar.
Igral*. N.A. * C h .—1st, 68 .1 9 1 0 J *
45% Nov. 80% Jam
" ' ‘ ~
*
"8.1910
O r .B .D * 0 t'h N .-C o n .5 g .l9 1 9 A * O 50
110 b. 100 Sept. I l l JanConsol.,6 g ............. . . . . . . 1 9 1 6 A *
U .P .D e n .* G ulf eon. 5 g . 1939U * D 47 a. 39% Aug. 75% Jan.
b. 82% Aug. 109 Jan.
_____
Ixntis. Bt. E. *Texa»—Og.1917 F
98% Aug. 117% Apr.
Onion Elevated—b g ____.1937 M & N 100
b. __ Got. 98% Jan.
62 ___
Metro. Elevated— 1st, 6 * .1 9 0 6 J & J lltt% b .
108% Aug,ill9 % N o Virginia Mid,—Gen. m .,5s, 1936 M & N ' 73 b. 73 Nov. 86 Apr.
:v.
86 Apr.
Oet.
? d , 6 «................................... 1899 M
A N 108
100 JiDy H 08% Feb.
do
scamped gu ay M * N 73 b. 77
93 July 106% Apr,
MJeN-Cent.—I * t .o o o ..7 s ..l9 o 2 M * N 1 2 !
113 Aug, 1 2 3 % Dec
Wabash—1st,o g .......... ..1939 M & N 1 0 3 %
Consol., 5« ........................ 190 2 M * N 109 b.TOO
AUg. 106% Apr. ! 2d mortgage, 5 g...........1939. F * A 75 b. 60 July 82% Jam
Miliakeoit,* W . —1 s t,6 g . 1921 M * N I 2 l% i, 115 July 127% Jan. 1 Debent. M .. series B___1939 J * J 23 b. 19 July 39 Jam
Exten , * Im p ,. 5 g ......... 1 929 F * A 107 b. ~~
I 94 July 104 Nov,
WestBhore—Gnar., 4s...... 2361 J * J 1 0 4
97% Aug. 109% Jan.
M. K. * T.. 4s, g........ 1990.1 * D 80
69 Aug. 83 Nov. West, N. Y. * Fa.—1st, 5 g.1937 J * J *102 b. 94 Aug. 105 Feb.
2d,«*,/r.......................... 1990 K * A 46
18 Aug. 83 Jan.
27% July 50% Jan. i 2d more.............................1927 A * O 23%
Mo. Ps.yr.c—1st,con., 0 g.1920 M * S 90
86 Get, 113 Mar. West. On, Tel.-Col. tr., 5s. 1938 J * J 1 0 7 b. 95 Aug. 10!% Deo.
3d, » *............................. 1906 M% N 105 b. 100 Aug. 115% Apr.
Wls. Cent. Co.—1st, 5 g ..... 1937 J * J *68 b. 60 Aug. 92% Jam
0 Hept. 35 Feb.
— ■ 18 b.
F*e, 0 IM7 .—1st, ex.,4 g.1938 F * A 97 b. 93 Aug. 102 Jan.
.
Income, 5 g ...................... 1937 ..
Non.—* '■ ,t,-1 . 1 . , ynee b u t ; ' ‘a" price asked ; the Bauge is made up from actual sales only, * Latest price this week, t Trust receipts,
'(>
AGirr. Cotton Oil, deb.. 8 y.1900 Q—F 111% 101 Aug. lHJjJan.
S37 Feb.
g
At-Top.AB.F.—100-yr.,*g,1989,J it J 70
I 6 3 % July
29 July
td 3-4s, g.. Cl. " A “ ........ 1989; A A O 37%
57% Jan.
100-year income, 5 g___ 1989 Sept. . . . . ----- 50 May 57 Jan.
Atl. A Pa--.—Guar, 4 g___1937 . . ------ - 57 b. 50 AUg. 71% Jan.
5 May
4%b.j
W.D. in o .,6 * ................... 1910 J ,v J
lx's Jan.
Brookl’nE.eyat’ dlst.e.g.lSZ* A A O 10
!100 Aug. I20i® Mar.
Can. South.—1st,5a. 1908'J
A J 100 a.. 99 July 1109 Nos
2 d . 5a....... ..........................1918 M A S 101%
93% Sept. 103% Jan.
Cent. G&.—8. A W. let eon. 5s,’2 9 ........... 30 a. •35 % Aug. 70% Jan.
Centralol N. J.—Cons.,7 s.1899 Q—J 113
110% Aug. 116 Mar.
NEW YORK STOCK EXCHANGE PRICES—(Continued \-INAOTIVE
BWCK1TIE8.
Railroad Bonds,
Bid. Ask. (
8E C 0R IT IEB ,
Bid.
* No riTfeVVn *«,v: tbese »rs the latest animation* made this week.
8ECUBITIEB.
Bid.
Asia.
120
115% 118
Burl Ced. Bap. & No.—1 st, 58.1906 102 103
*104%
94
Consol. A collat. trust, 5s.-.1934
Mum. A St. L.—1st, 7s, gu..l927 115
101 *4 102
Iowa C. A West.—1st, 7s.--.1909 100
...- a Ced. Bap. 1. F. A N., 1st, 0S.192O *90
100
90>
1st. 5s.............................. .1921 *85
85
C.Ohlo—Col. ACin.M.lat,4%8.1939
St»~
-t,
' m 9 T in 6"* Cent, itT 9: l ank.—Pol v.5s 1937
Q
B, AO.—Jons, mort., g old,5s.l98 8 112
W. Va. * Pitts.-1 s t ; g., 5a.. 1990
fSiee* g ie h a n g t P rits s .)
B. A 0 . 8. W ., 1st, g,( 4% a...l> i90
Alabama Mid.—
-1st, g., guar,. 1928
M(onon. River, ls t * .,g . 5a... 1919
82
A. T, A a. F.—Id, is,Class B 1999
, t........ u OeutTOhio Keor.—1st, 4% s.l03O
Ool. Mid. 1st, r.,0 * ... . . . . . . . 19361*
(100 I Ak.A01i.Juno.—lst,K,58,gu.l930
AdWBttp A Hint, —Istg, O 19171 ........ 1 ......... | Best- H. TUB. A W.—Deb. 5s. 1913
s
j
AIL A Par ..--3d W. !>., gg, 6s. 1007 .........1
......... 1 Brooklyn Elevated—2d, 3-.5s.1915
Balt. A Ohio—1st, 6s, Park B 1010 1 12 :........ (Jmnsw .ek A W’ n—1st . g, 4 s ,1938
'* void...
...............
1025 110 1112 l!«ufl. R-< b. * Plt>» —G en ..50.1937
Ask.
BONDS—DECEMBER 8.
B. K .A P .-R o o h . v p „ 1st, 68.1921
Roell. A PI Its.—Cons. 1st, 6s. 1922
THE CHRONICLE.
974
[VOL. LV1I,
NEW YORK STOCK EXCHANGE PRICES.—IN A C T IV E BONDS—f Continued,)—D E C EM B E R 8.
SECUR ITIES.
Bid. I Ask.
<3. R. & B .-C b a t.R .& C .,g td .g .l9 3 7
Cent, of N. J.—Conv. deb., 6 s .1908
Central .Pacific—Gold bds, 6s, 1895 *105*«
Gold bonds, 6 s .........................1896 *105*8
Gold bonds, 68......................... 1897 105
flan Joaquin B r., 6 s ............... 1900 *100
Mort. gold 5 s. r......................... 1939
Land grant, 5s, g.....................1900
C. A O. D iv., ext., g. 5 s ........1918
West. Pacific— Bonds, 6 s ___ 1899 106
No. Railway (Cal.)— 1st, 6 s .1907
91
50-year 5 s ...............................1938
•Qhes. < O.—Pur. M. fund, 6 s .1898 108
ft
6 s, gold, series A ..................... 1908 1 1 6 ^ 118
92
Craig Valley—1st, g., 5 s— 1940
Warm Spr. V a l., 1st, g. 5 s ..1941
Ches. O .& 8 0 .W est.—1st 6s, g.1 91 1
2d, 6 e.................................... ..1 9 1 1
Oh. V .— en.con .l8t.gu.g,58.1938
G
Chicago & Alton—S. F ., 6 s -----1903 111
lo u is. < Mo. River—1st, 78.1900 114*4
fe
2d, 7 s ........................................1900 108*6
St. L. Jacks. & Chic.—1st,7s. 1894 102
Miss.R. Bridge— 1st, s. f., Gs.1912 102
103
O lio. Burl. & Nor.— 1st, 5 s ----- 1926
1896
Debenture Cs....................
Chic. Burling. & Q.—5s, s. f ..l 9 0 1 103&8
Iowa D iv.—Sink, fund, 5 s . . 1919 106
94
8ink1ng fu n d ,4 s................... 1919
Plain, 4 s ......................................1921 *79
Uhic A Indiana Coal— 1st 5 s .1936
Chi. Mil. A St. P.— 1st,8 s ,P .D .1898 116*4 116*«
2d, 7 3-108, P. D ..................... 1898 118
129
1st, 7s, $ g ., R .D ..................... 1902 125
1st, I. A M ., 7 s ......................... 1897 117
le t, I. & D ., 7 s ......................... 1899 118
1st ,C. A M .,7 s ......................... 1903 12316
le t, I. A D. Extension, 7 s .. . 1908 125
1st, La C. A D av., 5 s ............. 1919 102
1st. H. A D ., 7 s ....................... 1910 122*6
le t, H . & D ., 5 s....................... 1910 103
Chicago & Pacific D iv., 6 s ..1910 115
Mineral Point Div. 5 s ........... 1910 102*6
O. A L . Sup. Div., 5 s.............. 1921 102*6
Fargo A South., 6 s, A s s u ...l 9 2 4
Ino. conv. sink, fund, 5 s___ 1916 *98* ’
Dakota A Gt. 8 outh., 5 s___ 1916 104
105
Mil. A Nor. main line—6 s . . . 1910 112
107*4
C bio.AN. W .—30 year deb. 5s, 1921 106
Escanaba A L. 8 . 1st, 6 s ___ 1901 1073j i l l
D e s M .A Minn.—1st, 78___ 1907 117
Iowa Midland— 1st, 8 s..........1900 115
Peninsula— 1st, conv., 7 s ...l8 9 S j* 1 1 5
Ohio. A Milwaukee— 1st, 7 s .18981 112
Win. A 8t. P .—2d, 7 s.............. 1907 125
128
Mil. A Mad.—1st, 6 s ............. 1905 110H
Ott. C. F. A St. P.— 1st, 5 s .- 1909 105
Northern 111.—1st, 5 s ..........1910
105
Ch.Peo. A St. L.—Con. 1st,g .5s. 1939
€ ).R .I.A P .-D .M .A F. D. 1 st 4s. 1905
1st, 2*ss...................................1905
46*4 49
Extension, 4 s ................... .1 9 0 5
Keokuk A Dee M .—1 s t,5 s .. 1923
Chicago A St. Louis—1st, 6s.. 1915
Chic. »t. P. A Minn.—1 s t,6 s ...1918 122
8 t. Paul A S. C.—1st, 6 s ........1919 123*s
Chic. A W . Ind.—1st, s. f., 6 s. 1919 104*s
General mortgage, 6 s ........... 1932 112
Chio. A West Mich.—5 s , .......... 1921
(Tin Tiain. A D .—Con. s. f., 7s. 1905 118
2d, gold, 4*ss.............................1937
96
93
Cin. D . A Ir’n— 1st, gu. 5s, g. 1941
Olev. Ak. A C o l.-E q . A 2d 6S.1930
O.C.C. A St. L ., Cairo d i v —4s, 1939
Bt.Lou.Div.— Istcol.ts’t4 s,g .l9 9 0 *90
Boring. ACol.Div.—lst,g . 4s. 1940
W hiteW .Val.Div.— lst,g. 4s. 1940
Cin.W ab.AM .Div.— 1st,g.4s. 1991
Oin. I. St. L. A C.— Ist,g .,4 s .l9 3 6
91
Consol, 6s .................................. 1920 ICO
Cin.San.ACl.—C on.lst,g.5s, 1928 105
Cl.Col. Cin. A Ind.—1st, 7s,s.f.l8 9 9 111*4
Consol, sink, fund, 7 s ........... 1914 125
Cleve. A Mak. V .—Gold, 5 s .. . 1938 104
Columbia A Green.—1st, 6 s . . . 1916
2d, 6s ........................................... 1926
Del. Lack. A W .— Mort. 7 s . . . . 1907 127
Byra. Bing. A N. Y .— 1st, 78.1906 126
130
Morris A Essex— 1st, 7 s___ 1914 138
Bonds, 7 s ................................1900 113*4
7s of 1 8 7 1 .............................* 9 0 1 118
14;, con., guar., 7 s ..............1915 137
138
Del. A Hud. Can.— Coupon 7s, 1894 104
104*4
Pa. D iv., coup., 7 s ..................1917 138
Albany A Susq.—ls t,g u .,7 s 1906 127
129
1st, cons., guar., 6 s ........... 1906 116
Rsna. A Sar.—1st, coup., 78.1921 141
145
D enver City Cable—1st, 6 a ... 1908
70
Denv. Tramway—Cons. 6s, g .1 9 1 0
Metropol. Ry.—lst,gu . g .6 s.l9 1 1
Denv. A R. G.—Im p .,g ., 5 s . . .1 928
74
Duluth A Iron Range—1st 5s. 1937
■E Tenn. Va. A Ga.— 1st, 7 s ... 1900 109
Divisional 5 s ....................... _ 1 9 3 0
1st ext., gold, 5 s ..................... 1937
40
Eq. A Im p., g., 5 s......................1 938
Mooile A Birm.— 1st, g .,5 s .. 1937
82
Alabama Central—1 s t 6 s . . . 1918
E ie—1st, extended, 7 s ........... 1S97 108
2d, extended, 5s.......................1919 107
8d, extended, 4*39................... 1923 106*3 107*3
4th, extended, 5s..................... 1920 109
5 th, extended, 4 s..................... 1928
99
100
1st, con., g., Pd, 7 s ................ 1920
Reorg., 1st lien, 6s..................1908
B. N. Y. A E.— 1st, 7 s........... 1916 12*6” i s o "
N. Y . L. E. A W .—Col. tr.,6 s.l9 2 2
100
Fanded coup., 5 s..................... 1969 *72”
Baff. A S. W .—Mortg. 6s___ 1908
Jett'erson—1st, gu. g. 5 s ___ 1909
100
Coal A RR.—6 s......................... 1922
Enreka Springs— 1st, g., 6 » ...1 9 3 3
Evans. A T .H .— 1st,cons.,6s. .1921 i i 6
1st, general, g .t 5 s ..................1942
95
100
SECUR ITIES.
Bid.
Ask.
E .A T .IL —Mt, Vernon 1st 6s .1 9 2 3
Sul. Co. Br. 1st, g., 5s........... 1930
98
Ev.&Rich.— Istg en.58,g.gu.l931
Evans. A Indian.— 1st, con s..1 9 2 6
121
Flint A P. Marq.—M ort., 6 s .. . 1920 117
100
1st con. gold, 5 s ....................... 1939 *90
96
Port Huron—1st, 5 s .............. 1939
Fla. CeD A Pen.— l s t g . 5 s .. .. 1918 ’104
1st con. g , 5 s ...........................1943
6L
Ft Worth A R. G.—1st g „ 5 s.. 1928
103
Gal. Har. A San A nt.—1st, 6 s .1910
102
Gal. H . A S. A —2d mort., 7 s .. 1905
M ex. A Pac. D iv., 2d 6s ....1 9 3 1
Ga. Car. A Nor.— 1st, gu. 5s, g.1929
Ga. So. A Fla.—1st, g. 6s......... 1927
Grand Rap. A Ind.—Gen. 5 s ..1 9 2 4
12
G. B. W. A St. P.—2d inc. tr. rects
Housatonic—Cons, gold 5s— 1937 111
N. Haven A Derby, C on s.5s..l918 103
Hous. A T . C.— Waco A N . 7 s ..1903 104
107
108
l s t g ., 5s (int. gtd)............. .'.193
103*3
Cons. g. 6s (int. gtd)............. 1912 100
Debent. 6s, prim A int. gtd. 1897
Debent. 4s, prin. A int. gtd. 1897 *80
Illinois Central—1st, g., 4s ...1 9 5 1 100
1st, gold, 3*28..........................1951 *94
Cairo Bridge—4 s .................... 1950
Springf. D iv.—Coup., 6s___ 1898 107*2
Middle D iv.—Reg., 5s........... 1921 1073s
C. St. L. A N . O.—T e n .l., 7s. 1897 107
110
1st, consol., 7s...................... 1897
2d, 6 s.......................................1907
Gold, 5s, coupon..................1951 114
Memp, D iv., l s t g . 4 s ........1951
Dub. A 8. U —2d D iv., 7s . . . 1894 102
95
Ced. Falls A Minn.—1st, 7s. .1 9 0 7
Inti. D. A Spr.— 1st 7s, ex. cp .1906
Incl.D.&W.— 1st 5s, g .,tr .r e c ..l9 4 7
122*3
2d, 5s, gold, trust receipts.. 1948
Inc. M. bonds, trust receipts___
70
Ind. Ills. A Iowa.— 1st, g, 4s.. 1939
Int.AG .N ’n— 1st,6s,g.................1919
Kings C o .-F .E l.,lst,5,g.,gu . A.1929 *......... " 8 7 "
Lake Erie A W est.—2d g., 5s. 1941 100
L. 8. A M . So.—B .A E .— New 7 s .’98 110*3
130
Det. M. A T .—1st, 7 s ............. 1906 125
Lake Shore—Div. bonds, 7s. 1899 111*3
K al. A ll. A G. R.—1st gu. 5 s .l9 3 8 *108
112
Mahon’g Coal R R .—1st, 5s. 1934 109
98
Lehigh V ..N .Y .—1st gu.g.4*3S.1940
Lehigh V.Term .—1st gu. 5s,g. 1941 * _ .
107
95
1.itchf. Car. A W est.—1st 6s. g . 1916 *
114
Long Island— 1st, 7 s ..................1898 110
N. Y . A IP way B.—1st, g. 5s. 1927
2d m ortg., inc...................... 1927
37*3
N. Y . AMan.Beach.— 1st, 7s, 1897
98
N .Y .B . AM .B.—1st con. 5s,g. 1935
98
Brookl’nAMontauk— 1st,6s. 1911 107*s
1st, 5 s ......................................1911 102
60
Lonis.Evans. A St. L.—Con.5s.1939
65
Louis. A N ash.— Cecil. B r .7 s ..1907
109
E. H . A N ash .— 1st 6s, g ___ 1919 110*3
Pensacola Division, 6 s ......... 1920 101
108
St. Louis Division, 1st, 6 s ... 1921
2d, 3 s ............... ...................... 1980
Leb. Branch Extension .. .1 893
Nashv. A Decatur—1 s t,7 s .. 1900 111*3
S. f.,6 s.—S. A N. A la .............. 1910
1 0 -4 0 , gold, 6s.........................1924
101
5 0 -year 5s, g .,...........................1 93” *98
Pens. A A t . - 1st, 6s, g o ld ... 1921 *90
95
Collat. trust, 5s, g ................. 1931 *100
Lou.N.Alb.ACli.—G en.m .g.5s.l940
72
93
Manhattan R y.—Cons. 4s....... 1990
93is
Manito.S. W. Coloniza’ n—5s ,g. 1934
Memphis A Chari.—6s, go ld .. 1924 *50
1st con. Tenn lien, 7 s........... 1915 *106
Mexican Cent. Consol.—4s, g.1911
1st, cons, income 3s, g......... 1939
Mexican National—1st, g., 08.1927
2d, income, 6s, “ A ” ................1917
2d, income, 6s, “ B ” .............. 1917
Michigan Central—6 s ................1909
Coupon, 5s..................................1931
115
Mortgage 4 s .............................. 1940
97
101
Bat.C.AStrgis.— Ist,3 s,g .g u .l9 89
M il.L . S.A W .—Conv. deb., 5s. 1907
Mich. D iv ., 1st, 6s.................. 1924 123*4
Ashland Division—1st, 6s ..1 9 2 5 121
Incomes......................................
Minn.A St. L.— 1st, g. 7 s ..........1927 118
Iowa Extension, 1st, 7s....... 1909 112
2d mortg., 7s.............................1891 110
Southwest E x t.—1st, 7s....... 1910 110
Pacific E x t.—1st, 6 s ............. 1921 104
Lmpr. A equipment, 6s......... 1922 117
120
Minn. A Pac.—1st mortg., 5s. 1936
M inn.St.P.AS.S.M—1st c.g .4 s.l9 3 8
M o.K .A T.—K .C.A P ., I s t ,4 s ,g .l9 9 0
72
Dal. A Waco—1st, 5s, g u ..,.1 9 4 0
Missouri Pacific—Trust 5 s ...1 9 1 7
83
1st coll., 5s, g ..........................1920
66
St L .A I. M .-A r k .B r .,ls t,7 s .l8 9 5
99*«
Mobile A Ohio—1st ext., 6 s ... 1927
St. L. A Cairo~4s, guar........1931
Morgan’s La. A T.—1st, 6 s .... 1920
115
1st, 7s......................................... 1918 *122
Nash. Chat, A St. L.—2d, 6 s .. 1901
109
N. O. A. No. E.-~Pr. 1., g., 6 s.. 1915
116
101*3
N. Yr. Central.—Deb. g. 4 s ___ 1905 100
N. J. June—Guar. 1st, 4 s .. . 1986
Beech Creek—1st. gold, 4 s .. 1936 101
Osw. A Rome—2d, 5s, g .,g u .l9 1 5 106
Utica A Bl. Kiv.—4s, g., gu.1922 102*4
N. Y. N. H. A H .—1st, rev.4S .1903
104
N. Y . A Northern—1st, g
1927 107M
2d, 4 s ............................................1927
N. Y . Susq. A W e s t—2d, 4 *a s.l9 3 7 *90
Gen. m ort., 5s, g ..................... 1940
95
97
N. Y . Tex. A M ex.—Ist,4 s,g u .l9 1 2
North’n Pacific—Divid’d scrip ext.
James River Vai.—1st, 6S ...1 9 3 6
..........
Spokane A Pal.—1st, 6s........1936
52
St.Paul A N. P —Gem. 6 s .. 1923 112
115*3
* No price Friday; these are the latest quotations made this week.
SECURITIES.
Northern Pacific—(Continued,)
HelenaARedM’n— 1st,g., 6s. 1937
Duluth AManitoba— 1 st,g.6s 1936
Dul.AMan Dak.D iv.—Is t6 s .l9 3 7
Coeur d’Alene— 1st, 6s, gold. 1916
Gen. 1st, g., 6 s ...................... 1938
Cent. Washington— 1st,g.,68.1938
Norfolk A 8outh’n—1st, 5s.g . 1941
Norfolk A West.—General, 6 s . 1931
New River, 1st, 6 s .................1932
Im p. A E xt., 6s........................ 1934
Adjustment M ., 7 s ..................1924
Equipment, 5s..........................1908
Clinch Val. 1st 5 s.................. 1957
KoanokeASo.— 1st, gu. 5s, g.1922
Scioto Val. A N . E .— 1st,4 s ,.1990
Ohio A Miss—2d consol. 7s. ..1 9 1 1
Spring.Div.— 1st 7s.................1905
General 5s..................................1932
Ohio River R R .—1st, 5s........... 1936
Gen. g .,5 s ................................. 1937
Oregon A Califor.—1st, 5s, g .1 92 7
Oreg. Ry A Nav.—Col.tr. g ..5 s .l9 1 9
Pan. Sink.F’d Subsidy—6s, g. 1910
Penn .-P . C. CASt.L. Cn. g. 4 *28A 1940
Do
do
Series B ..........
P .C .A S .L .-ls t,c .,7 s ..................1900
Pitts. Ft. W . A C.— 1st, 7 s ... 1912
2d, 7 s ......................................1912
3d, 7 s ........................................1912
Ch.St.L. AP.— 1st,con.5s,g... 1932
Olev. A P.—Cons., s. fd., 7 s. 1900
Gen. 4*28, g., “ A” ............. 1942
St. L .V .A T . H.—1st, 6s., 78.1 8 9 7
2d, 78........................................1898
2d, guar., 7 s ...........................1898
G d .R .A I.E xt.—1st, 4*28, G.g. 1941
P e o.A E .-In d .B .A W .-lst,p l.7 s.l9 0 0
Ohio Ind.AW .—lstp re f. 5 s .. 1938
Peoria A Pek. Union— 1st, 6s .1921
2d mortg., 4*2S........................ 1921
Pitts. Cleve. A Tol.— 1st, 6s.-.. 1922
Pitts. A L. Er.—2 d g . 5s, “ A ” . 1928
Pitts. Me. K . A Y .— 1st 6 s.
1932
Pitts. Painsv. A F .— 1st, 5 s . . . 1916
Pitts. Shen. & L. E .—ls t,g ..5 8 .1940
Pitts. A W est.—M. 5s, g 1891-L94L
Pitts.Y ’gst’n A A .—1st, 5s,con. 1927
Pres. A Ariz. C6nt.— 1st, 6s, g.1916
2d income 6 s ............................1916
Rich. A Danv.—Debenture 6s. 1927
Equip. M. s. f., g., 5 s .............. 1909
A tl. A Char.—1st, pref., 7 s .. 1897
do.
Income, 6 s
1900
W ask.O .AW .—lst,4 s,g u .cy .,1 9 2 4
RioGr. June.—1st, gu., g., 5S.1938
Rio Grande So.—1 st, g., 5 s .. . 1940
St. Jos. A Gr. Is.—2d inc..........1925
Kan. C. A Omaha— 1st, 5 s .. 1927
St. L. A. A T .H — 2d pref. 7 s ..1 8 9 4
2d in. inc. 7 s.............................. 1894
Dividend bonds....................... 1894
Believ. A So. 111.— 1st, 8 s . . . j 890
l
Bellev. A Car.— 1st, 6s.......... 1923
Chi.St.L.APad.— 1st, gd.g.5s 1917
St. Louis So.— 1st, gd. g. 4 s .l9 3 1
do
2d in co m e ,5 s.1931
Car. A Shawt.—1st g. 4 s ___ 1932
St. L. A S. F .—2d 6s, g., cl. A . 1906
Equip., 7 s ................................ 1895
General 5 s................................. 1931
1st, trust, gold, 5‘s .................. 1987
Consol, guar., 4 s .....................1990
Kan. City A S.—1st, 6s, g . ..l 9 1 6
Ft. 8. A V. B. Bg. -1 s t , 6 s ... 1910
Kansas Midland— 1st, 4s, g.1937
St. Paul A Duluth—1st, 5 s___ 193J
2d mortgage 5s........................1917
St. Paul Minu A M .— 1st, 7 s .. 1909
2d mort., 6 s ................................1909
Minneap. Union—1st, 6 s ___ 1922
Mont. Cem— 1st, giiar., 6 s .. 1937
1st guar. g. 5 s .......................... 1937
East. M inm , 1st div. 1st 5s. 1908
San Fran. A N. P.—1st, g., 5S.1919
South Carolina—2d, 6s............1931
Income, 6s.................................1931
So. Pac. Coast— 1st, gu ar.,4s. 1937
Ter.RR.As’n o f S t.L .-ls t,4 * s s .l9 3 9
Texas A N ew Orleans—1st,7s. 1905
Sabine Division, 1st, 6 s ........1912
Consol. 5s, g .............................. 194b
Third Avenue (N .Y).—1st 5s, 193";
Tol. A . A . A Cad.—6 s..................1917
Toledo A . A. & G’d Tr.—g. 63.1921
Tol. A . A. A Mt. PL—6 s ........... 1919
Tol. A. A. A N. M.—5s, g......... 1940
T .AO .C .—K a n .A M ., Mort. 4 s .l9 9 0
Ulster A Del.— 1st, con.,6.,5 s. 1928
Union Pacific—1st, 6 s ............... 1896
1st, 6 s .......................................... 1897
1st, 6 s ......................................... 189b
Collateral Trust, 6 s................ 190b
Collateral Trust, 5 s ................1907
Kansas Pacific—1st 6s, g . .. 1895
1st, 6s, g .................................. 1896
O. Br. U . P .—F. 0-, 7 s ........... 1895
Atch. Col. A Pac.—1st, 6 s ... 1905
Atch. J. Co. A W .—1st, 6 s ... 1905
U .P . Liu. A Col.— 1st,g., 58 .1 9 1 8
O reg.S.L .A U .N .,coi.trst.,5s.l919
Utah A North.— 1st, 7s......... 1908
Gold, 5 s ................................... 1926
Utah Southern—Gen., 7 s .. . 1909
Extern, 1st, 7 s ..................... 1909
Valley R*y Co. of O.—Con. 6s. 1921
Wabash—Debenture, Scr. A .. 1939
Det. A Chic. E xt. 1st, 5s, g ..l 9 4 0
No. Missouri—1st, 7 s ........... 1895
S t.L .K .C .AN .—R.E. A K R .7s.1895
St. Charles Br’ge— 1st,69. . . 1908
West. Va. C. A Puts.— 1st, 6s . 1911
W heel.AL.E.—1st. 5s, g o ld ... 1926
Extension A Im p. tr.. 5s....... 1930
Bid.
Ask.
*80
93
100
123
105*4 112
74
75
113*4
78
63
100*4 101
100*4 101
114 I.........
..........1137*«
........136
127 1130
107 108
113*a
104
108*3
106*3 110
100
102*3
110*4
110
65
88
83
92
103*3 104
lOLSi 102*3
55
105
109*4
98
80
75
78
1041*
80
*65
83
75
51
103*«
105
108*3
114*3 117
i'i3*4
99
100*4
iiT'
103
98
103
112
89
115
32
7538
75®s
i ’04
104*3
106
107
iu 3
104
50
60
52
51
60
90
90
106
105
105
ibT
102
106*3
105*3
108
F o r iU iifi«lia ii«o u i A U n lis te d B o n d See 3d page preceding.
THE CHRONICLE
D ecember 9, 1893.]
ROAD8,
975
Latest E arnings Reported.
WeeJe.orMo\
A-NB
fr a ilto a d
In te llig e n c e .
I nvestors' Hbpplehb . ’ t ,
n
Ik e
c o n ta in s ex ten d e d
a
p a m p h let
of
150
pages
ta b le s o f th e S to c k s a n d B o n d s o f B a i l-
r o a d s , a n d o th e r C o m p a n ie s, w ith r e m a r k s a n d s t a t is tic s c o n
c e r n in g th e in c o m e , fin a n c ia l s t a t u s , e t c ., o f e a c h C o m p a n y .
I t is p u b lish e d o n
v ie ., J a n u a r y ,
and
th e
la s t S a tu r d a y o f e v e r y o th e r m o n th —
M a rc h , M a y , J u ly , S ep te m b er a n d N o v em b er,
is furnished without
C hronicle .
ex tra ch a rge to
a ll r e g u la r su b
s c r ib e r s o f th e
The
G en era l
s ix p a ges o f
S a tu rd a y
Q u o t C ion s o f
th e
C hronicle ,
S to c k s a n d
B o n d s , o c c u p y in g
a r e p u b lis h e d
on
th e
tb frd
o f e a c h m o n th .
R AILRO AD EAR NINGS.
Latest Earnings Reported.
Ho ads .
W cek w lln
la s s ,
j
1892. 1
fa n . 1 to Latest D a te.
1893.
:
1892.
s
;
$
1
A diron dack.. . . Octohev. -. \
143,236
15,195 [ 148,234'
AlMfeft&y Vsu. Dotober, ,. j m v j'O i 257,9411
Atoh.T.A S. F&* 4 th wh Novi 1/135,4-11 l ,064,607 d
J
&l. L. & San F. Itiiwk Novi 238,932 255,28 i
.973,021 8,287,654
A m - to ta l... 4thwk Nov 1/273.471 1,310,0781-3 !,895,125 -14,567,413
•102,511
400,137
August ...I
44,054 j
51,4 11{
O c t o b e r .| 1,701.77b 1,757,572 1 »,030,349 '10,002,428
i m .
5S0.S 13 582,035{ ..3(16,000 5,152,50,8
lk; fof»er,...
2,339,0072 .,403,149 !21,754,936
itiiw k Nov 148*0 U
104,770 6,135,037, 6,233,700
27,843
20,070
ikitolmt. ...
0,718
Blr. & A llan tie .,:O etfiher...
34,189
24,721
3,‘JSO
3,480
MifSk.&'Ttian.'B.1
:June 4,£14
*21,206
-l l,0 0 ’,l|
BrooKlrc ICtev.. til w kN ov
1,724*938
47.939
Boft.Bocb.&Pltt Itliw kN ov
.
94,374 3*14 4*406 2,952,698
.M .m < Stum, ■
uM li> lk
;. 1
3,94 1,434
Bar.O.Rap. AN itiiw k Nor! 118,935 125,4.-.:j|
730,238
C am d»aA AtL J; Oi tober, ..!
iO.TsTl
Oattadlan Pact tsu[ Ithwk Nov 503,1 W ) 6 0 1 ,(wo,:
K
Oar. Cum. 0 4 C-h. \
Aumi
,2! t
2.017
53,132
Car. M idland..,.!
49,850
8.47«]
Central o f G .t.. .! O cto b e r,..
014.180
1,908,779
Central o f N. 4 Oeiolm t, .. 1,303.033! 1.271.70811
Osatrai. Pacific. Itoptetub’ r. .43
1,395,081 !
4,934,804
Oeafifal o f S. C ..! Augttst,....
07,440
0 1,003
ts/j n»l
0,630}
103,3*3
S.IOO
CtiftFi OIjb. A C & fc. ]Septetiib'r,
102.600
417,559
4 18,979
Charles t o .SeS-av IAllVltif ..
•20,410, . 32/155}
118.237
124.473
Oiiar.Snm.A No..j O cto b e r,..
l7,0OOf
4.6,500
50,351
Lake, j *><.’ .... ..
&-7S2’
4,07of
.
(51,567
57,232
^ebtvmb’ r.
7,1*37;
7,922
234,331 234.500 9,130.713 9,120,1*25
itltwk Nov
187,1931 207.151 1,520.715| 1,414,795
Cfots. O, dtJS. Vt. Ai5<rU#t....
ire* 1,990,072 1,819,871
Okie, Bur. A N o. »ii.m»»er
277.02b
CM©. Bur. A <$,. OctObfjr.... 3,913,710 4,039,453 t>2,303,718 33,345,223
3,798,147
91,045
Chtc,4s Baal* l i e 4 tliwk Nov
79,02*2
Chicago A Brio. Neptemli’ r. 351,401 237.233 2,305,097 2,044,280
3,897,907 4,506,377
Ohio. (it. W«at*n NdWfcNov.
*814
94,278
Ols-J. B. A U.S.T.
219,659 230,394
0tttc.4fUUar8l.pi Uftwk Nov 9fK\9«J3 1.05(1.075 4,325,848 31,7*68,590
28,055,959
October. ... 3,679,740 0*699,080
C M e.Peo.A S-B f :M wkN ov.
22,190
24.972
Chic. R*k L A P - November. 1,539,303 1,580.990 S. 110,508 17,102,890
Cb.ic.St. I*. M.&O O c to b e r,.. 990.830 1,023,972 0,743.524 7.3 95,129
z i.x m
OMo. & W. MteU itiiw k Nov
52,738 1,712,349 1,836.604
59 304
Cta. iia. A Porte O cto b e r,..
*
59,849
6,034
7,162
d a . Jack A Man. i fh w kN ov
014., 270
649,048
1 1,150
17,039
Cic.N . O .& T . P. © tohot,., 342,000 373,203 3.299,937 3.510,198
Ala- G-t. Scafih. O cto b e r,... 175.00U 163,354 3,420,959 1.401,358
N.OtL A K. E O cto b e r.,. 174,000 120,693 1,132,745 1,050,768
452.573
72,000
497,734
Ala. A Vlofc»b October, ..
59,051
440,767
424,431
Nicks. 8 h. at P iOctober. .,
00,094
61,000
Eri anger Syat [October. .. 827,000 785,262 0,730,015 6,900.820
C ln . N ortbw’ ti./.-’O cto b e r...
17,118
17,200
2,075
,mi8
217,113*
224.016
C m .Porta. A V., O ctob er,..
23,103
25,575
12,031
12,575
Col. *fe Maysv, October, ..
1,133
1,157
891,094
878,323
<$e v. Akron ACo. M wkNov.
17,939
20,299
CL Cin.Ob.&S.L, thwk Nov 362,119 380.192 12,679,070 18,593,805
Poo. & East'a. Sc otem b'r. 174,929 175,093 1,291,093 1,321,720
245,099
249.017
Ole?, as Marietta ttfiwkSep. |
7,971
23,170
Cot, Newb, A 3 A « trust___ !
41,851:
1,550
3,375
•Coi. H. V. A To November. 258,339 293,332 3,054,896 3,072.179
73,417
O cto b e r.. . ! 6 7 .6 0 1
25,402
Coluaa & L a k e .. {O ctob er,,.
21,312
2,144
2,800
183,007
144,681
Ccurrast R iver,. 1 tliwk Nov
4
2,7 15
JDenvv 4c Bio Or. j-i tliwk No v 185,190 25 S,000 7,151,571 8,397,713
349,724
343,759
De*. M. No. A W, October. ..
437.918
1 1,540
300,863
342,520
B et.B ayo. A Alp. October,
17,008
28.608
Def.Laoa'Ci7.N o Uthwk Nov 1 23,538
31,805 *2104,052 1,137,302
1/917,514 2,017,411
I) ninths ,8. A-A ti | 5 t wk Nov | 28,930
J<
33,685
114,150
211,471
JJalo tii A Winn, [October. .. j
10,304
18,520
123,790 130.657 5.009,509 5,55 ,302
E.Xeun.V a. A C |3d w kN ov
5a
2,511
70,909
877,106
JoLA Eaai
92.8SC
00,342
01,879
4,772
7,032
Ivureka t o r i uga Isrptom b'r
347,1 18
335,45!
9,051
7,578
Brans ikuifVplo i tlfiwk '.rn !
2,1.84 !
3.200
Braun* 4t Rich -. m i wk Oct
i
30,440
31.302 1,288,223 1,190,002
JBva&sv, A; T. B
!>.M
| 040,55-J | 702.432 6,143,8.18
f itoatrarg....... fOcffitjcr49,741 j 70.005 2,520,125 2,019,083
F lint A P.Marq. ! l thwk Not
22,779
93,554
0,818
2.098
F lo r e n c e ....,.,. A u gu st...
07,067
JFLC'eist. & Penti iJ one ...... i 99,62!
348,923
344,508
44,578
F t, W, A Rio fir |
November I 45.7081
1 1,827
8,005
1,008
57Sad#,. & Att, U.
{ 155,401 i 140,707 1,277,410 1,357,206
Ctaorg!a RR— .. 'NovCTDbcr
205,910
4.12,779
4*2.502
a. Car'la No
60,88 ..
021,307
658,172
SiKii.So. A Pin..,.lOetobei
.
68,6501 73,058
30,771
3,25"
29,656
G eorg e to & W e {Auictikt
2,598
01,227 2,041.110 2,290,112
4 4,275
S r, Rat*, <k ittd.Jitli v k l
455,478
308,410
11,143
93-59
Cln. K .A F t.W .;itl
51,353
48,229
004
860!
Traverm City. ilh v
171,256
130,253
4,092
2,1.25
M ue S . JB A 1 ;4fhwft Nov
.
2,908.199
77,450 2 ,0 .
57,119
Total all ttneadltliwk Nov
S r and Trunk.. .|WkI>er, 2| 358,034 308,244 18,641,189 18,341.685
3,285,643
71,308 :j.H to,.
1,067,428
23,200*
004.~
19329!
B sL O rdl.A M 4 W k X o r,l8 '
$
i
1
1
8.220
80
0
2
1
10,102
1
1
0
189S.
| 1892.
Jan. 1 to Latest Date, i
1893.
|
1892.
Great North’n—1
l
$
)
$
$
J
$
St. P. M. A M. O ctob er... 1,683,117,1,727,4 IS 11,038,855 10,685,897
East, o f Minn O ctob er... 204,766; 164,soil LO
BS,129 995,876
Montana Cent O ctob er,..
90,039; 129,8451 930,174 983,219
Tor. system. O ctob er... 1,977,922 2,021,794 13,037,158 13,664,992
Gr. P.Wal. & Br. .turn st,___
1,569
15,135
14,923
,181
Gulf A Chicago. O ctob er...
5,339
33,823
3,518
29,115
414
H a ra v itle ......... August----6,585
569
6.686
Hoos.Tun.&Wil. O ctob er...
2.S30
2,956
30,330
29,610
H o b s . E.& V.Tex O ctob er...
49.407
49,692
Hnmest’n&Shen October. ..
113,213
14,000
117,047
14,047
Htttoh.&Soatli’ n August---11,104
7,937
49,223
46.148
niiDoia Central November. 1,830,659 1,709,131 20.269.177 17,506,796
Xnd,Deo.& We»t. O ctob er...
353,927
41,355
31,311
423,633
In.&G t.Nortk’n ith w k N ov 154,159 179,*241 3,094,513 3,744,394
3S.5S9 1,872,155 1,618.500
llnteroe. (M ex.l W kNov.18
42.030
Iow a Centra). . •Stines Nov
44.705
45,760 1,738,066 1,741,052
3,805
Iron R a ilw a y ... O ctob er...
29,788
32,022
3,653
339.441
330,035
K an aw h a*' Ich 4thwlc Nov
9.169 ’ 8,095
8,223
6,132
310,032
295,208
Kan C. 01. & Sp. Itliwk .Nov
K.C.E.B.&.Mem ItUwkNov
98.5S3 135,907 4,209,744 4,553,234
33,899 1,090,964 1,014,301
K.C.Mem.&Bir ItliwkNov
33,043
7,659
60,209
3.601
K. C. P ots. * G. 4tlnvkNov
173,343
6,067
4,617
Kan.C, “ ub.Bell ItliwkNov
116,683
220,731
K»n.GW v.ANW Sdw kN ov.
304,773
9,745
298,968
7,490
369,723
11,045
9.401
357,800
Keokuk & w est ItlnvkNov
68,205
03,873
6,991
8,027
UErli- Alt* 4c So. October. ..
91,108 3,230,610 3,242,313
73,253
L. Erie & W est.. Itliw kN ov
412,128
42,648
53.031
517,686
Lehigh A H a d ., November.
3,300.292 3,342,028
Long Im au d ,... Seiitemb’r.
346,761
52,508
Louis * Mn.Rlv. Septomb’ r.
41,330
318,523
Louis. Ev.AiSt.L, U lnvkNov
35,237
43,837 1,01.5,56-, 1,387,622
Lo uls v. * Nas ti v . Itliw kNov 520,450 599,784 18.797,445 19,828,580
73,858 3,239.011 3,002,612
Lonls.N. A. 4: Oil. •StbwkNov
70,439
38,933
58,876
Lmi.rtt.. i.. A. T et October. ..
55,552
7.104
Maeon * Sirin . O ctob er...
61,565
6,228
9.593
7,998
1,021
Mauelies AAiig. August.. . .
968
71.293
877
80,707
557
ManistidOe........ October.
28,976 1,229,469 1,262,54.4
MeMpblsOf’has. 3dw kN ov.
l
32,919
tMesioau Gent. UlnvkNov 227,589 214,049 7,261,212 7,199,864
Mexiran Inter'), seotem b'r
145,810 194,393 1.504.129 1,398,632
; Met. National. 4tbwk Nov
95,927 190,313 3,859,219 4.233,457
59,763
55,500 2.714,459 2 ,6 88,886
: Mexican R'way Wk Nov. IS
141,381
133,793
5,514
5,403
Mineral Rangel 3d w Ir Nov.
155,305 206,253 1,650,332 1,842,869
Mflnueap.dcSt.L. November
M.
g t . P .3d's . ,i
A Wk Nov.
68,071 2,075,531 2.810,128
M o.Kun.ATex.. 1 thwk Nov 336,799 326,170 9,414,274 8,833.373
(»■>", rton
Mo.PmnA i runM Itliw kN ov 734.000 925.000,2’2 ,850,000 25,284,000
8,233
7,4771
............
Mobile * Birm. 3d wk Nov.
M ob ile* O h io ,. November, 332,770 302,587 2,980,786 3,013,954
110.000
Mom. * M ex.fllf 1 Ic to b cr ...
Nasil.Cll.A', 81.1,. October. .. 394,688 473,239 3,908,300 4 ,2 0 2 4 1 7
30,720
4 170
31,273
2,046
Nevada Central septom b r
210,092
35,508
218,310
32.706
S. Jersey ncXV, AllEUSt----113,039
4,195
102.3(53
0
Sfti«rOW.&i8o'u*. Ist-wk Nov*
N V '.C .iH .K ,. ,. O ctob er... 1.350,293 1,289,073 3 1,232,950 37,681,481
............
S. V. !,. i. * W. O ctob er... 2,722,118 2,750,592'
.V, V.P.i.,V01uu.. Hcptcmb'r. 053,370 001,503; 5,457,099 5.301,310
4,620,467 1,530,635
N. Y .& N .E u *... “epteuib'r.
477,084
57,132*
■I09,9u3
48.009
S .Y . a- Nurtli’ n.. OeSober.,.
86,120 3.623,034 3,193,043
A . Y.OlU. * M . itlnvk Nov 101,453
N Y MM). * lV.. O ctob er... ue,f>8t,i 168,434 1,179,910 1,445,343
,
357,053
803,024
30,5431
Nurt. *8 oiitti’ n O ctob er...
33,03(1
Norfolk i West. itiiwk Nov 176,310 183,165 0,187,43(11 8,987,150
467,527
3 1,982
473,0091
30.010
N’ Uicusi'B iS.G.i : ' >ptciul)'r.
Niirtii'iii c.ulrai. Iciotier. .. 001,192 713,230 5,810,0911 5,931,665
NortU'n I'aciic . Nov, inbor, 1,734,888 2,392,012 22,024.652 27,040,268
3,503
OcollcC A YVest. O ctob er,..
350,1 lit 303,691 3,458,248 3,496,806
u h in &Misii.......October. ..
723,139
733,827
17,6919,533
Ohio R iser.........Itliw kN ov
600,815
613,623
60,092
05,379
Ohio Southern . . November.
480.087
41 1,098
49,493
45.010
Om nba& St. 1*.. soptcillb’ r.
Oregon Imp. Go O ctob er... 350,605 850,768 3,253,207 3,282,692
106,905
243,534
17.778
18,030
Pttd.rcuiinkAla u c t o b e r ...
155,676
178,746
20,435
10,8 1
Toon* Midl'tt,. October. ..
6,290,8.83 55,781,22-1 56,889,637
Pennsylvania... O ctob er... 5,480,275
783,917
IK,4 20.
7 9 1 ,8 5 0
PeonuDeC.&Ev. ItliwkNov ' 19,948
454,447
40,5061
4 4 0 ,2 5 0
37,600
Petersburg........ O ctob er...
585,2841 4 ,8 9 7,47 5 4,383,809
n >,3 «
Puila. & Erie— O ctob er...
2 ,2 1 4 ,2 1 9 18,7 62 ,0 0 7 19,101,570
PUllu. A Read'*. October. .. ,127/130
Coal A ir. Co.e. O ctob er... 2,923,023 2,,0 76,865
,3 25,083
TotalbutilCos. October. .. 5,051,053 4,320,UK3i
Lebikb Valley. May. . . . . . . 1,490,781 1,567;103; 7,132,483 6,902.235
32.826
29,352
3,96'
1,862
Pitts.M ar.AGli, O ctob er,..
359,322
460,993
35,825
-11,4.10
PiU.8iien.AL.E- November.
124,739 1,343.258 1,103,518
Pittsti. A West O ctob er... 141.599
534,758
t. 88,007
62,770
82,895
Pitt-, Ci.A l'o l O cto b e r...
200.587
313.191
28,585
36,904
P ius. Pa. < !•'. O ctob er...
-Y
03,150 2,531,234 2,168,807
52,660
Total system.. -ItliwkNov
120.109 1,132,278 1,237,082
84.279
PHi.Y'onue.AA, Octobor. ..
146,580
179,797
15,999
16,106
Pt. K ovalAAdk. A u g u st....
170.502
202,11.8
19,1.09
21,593
PkRoy.AYV.Gar. August----234,593
222,482
25,767
24,239
uun'.y O vYK.(;. October, ..
184,555
id l’d A Oativ. Itliw kNov 172,013;
4.5,170
47,306
Georgia Pan.. Itliw kN ov
632,095
024,028
62,403
51,099
d ic i.l'Vksb.AP. October. ..
297,504
287,702
30,48 L
25,321.
Rich. A Petersb. October. ..
584,243
420,765
16,300
7,057
Rio Gr. Soutli'u. 24 wkNov.
44,600 2.028,893 2,331,039
46.000
Bin Gr. West’ll.. 3d tvk Nov.
103,434
108,104
13,759
11,008
Bag.TuscolaAH. O ctob er,..
. 69,838
71,009
9,037
7,902
8ag.V al.A B t. 1. Septeinb’ r.
37,810 1,421,315 1,371,170
3*2,330
St. L. A. A T. H. Itliw kN ov
24 753
' 22,430
3,048
3,0021
St.L.Keit’etASo. O cto b e r.. .
4,114,555
St. L.Simtbw’ ru. Itliw k N ov 177,800 162,300 4,512,010 1,944,419
1.621,069
8t. P a u l* Uui’ tb November. 151,387 217,059
1,150,154
8an Am, A A. P. Septemb’r, 188,521 225,404 1,280,050
788,235
740.088
15,395
1 1,231
S.Pran.AN.Pac 3d wkNov.
430,480
412,064
57,131
44,990
Sav. Am. A Mon, O c to b e r...
2,212,423
2,093,812
Sav.Fla. A Weak Septomb'r.
79,009
53,962
13,253
" 7 ,5 0 0
ailv en on ............ O ctob er...
157,805
150,759
30,742
23,570
Sioux City A No. M ay..........
158,975
190,142
22,500
21.000
South Bound — O ctob er...
So, Paclllc Co.—
423,594 470,257 3,51.0,00n 3,703,049
G at Uar.A S. A O ctob er..
859,919
115,191 100,598
91.3,471
Liiuis'a W est., October. .
4,250,543
Morgau'eL&T. O ctob er... 613,359 600,007 4,315,323
203,989
33,345
35,823
212,950
N .y .T .A M e x . O ctob er...
1,373,808
T ex .A N .O rl-. October. .. 153,006 153,105 1,406,471 10,500,813
Atlantic sye.d. O ctob er... 1 379.751 1,408,808 10,5.>5,783 29,897,943
3 332 000 3 452:033
P a d tic system October... 4,711,751 4,860,901 29,581,809 40,398,750
40,137,59)
Total o f all.. October. - CoastDivlCal.) l Sep'mbr. 1,002,411:1,000,32s| 8,098,771 7,558,922
Sou.IM v.O lal)
171,689; 1,402,782 1,430,571
A rizona IM v.. Septemb'r. 152,589
742,038
80,010
700,065
70,877
NewM exJH v Septemb’r.
Beptemb'r. 124,010 140,855
Calif. P acific..
214,6061
Orcgo riwQUir, Sn'ptonb’r. 176,690
54,917
.............
S
855,4 89
THE CHRONICLE.
9781
Latest Earnings Reported.
Jan. 1 to Latest Dale.
fflltfi R o a d s .
South Carolina.
SouthANor.Oar.
Bpar.Un. ACol.
Btaten Isl. R. T.
Btony Cl. ACM t . .
Summit Branch.
Lykens Valley
Tot'l both Co’s
Texas & Pacific.
Tex.S.ValAN .W
Tol. A Ohio Centc
Tol. P. A W est..
Tol.Bt. L .A K .C ,
Ulster A D e l...
Union Pacific—
Or.B.L. A U. N
Or.Ry. A N . Co
U. Pac. D . & G.
8t.Jo.AGd.IsL
All other lines.
Tot.U.P.By
Cent.Br.AL.L.
Montana U n ..
Leav. Top. AS.
Man. Al. A Bur.
GPnd t o t a l/
Vermont Valley
W abash...............
W ab. Clies. A W.
W est Jersey........
W .V.Cen. A Pitts
W est Va. A Pitts.
W est. Maryland.
W e s t.N .Y . A Pa.
Wheel. A L. Erie
Wil.Chad.ACon.
W il. Col. A Aug.
Wright by . A Ten.
October. ..
August___
August___
Septemb’r.
Septemb’r.
October. ..
October. ..
October. ..
4thw kNov
October. ..
4thwk Nov
4tli wk Nov
4th wk Nov
Septemb’r.
8eptemb’r.
Septemb’r.
Septemb’r.
4thwk Nov
Septemb'r,
Septemb’r.
Septemb’r.
Septemb’r.
Septemb’r.
Septemb’ r.
Septemb'r.
Septemb’r.
4th wk Nov
August—
O ctober...
October. ..
Septemb’r.
October. ..
sd w k N ov.
4thwk Nov
August___
August___
October. ..
1893.
1892.
1893.
1892.
*
127,132
676
9.189
94.056
5,000
124,982
111,593
239,575
290,722
6,160
42,6 4 6
19,205
45,292
43,5 6 5
Week or Mo
$
136,445
556
10,071
93,9 6 2
7,231
123.416
96,862
220,278
2 94.666
4,519
55,3 9 2
22,293
49,635
42,2 6 9
1,074,033
14,778
72,965
820,032
41,719
1,058,119
909,878
1 ,967,997
6 ,489,470
44.755
1,8 1 2 .0 5 0
894.538
1,6 3 4 ,2 5 7
334,651
1 ,0 82,627
12.305
70.3 9 4
841,329
51.9 1 6
1,0 8 6 ,2 9 2
895.296
1 .981,588
6.170,918
40,173
1 ,814,095
905 ,8 7 6
2 ,043,337
326,790
667,389 4,519, 817
,291,968
4 15,455
,238,373
520,989 2,657, ,660
2S3.595
,264,175
514,141 3,795i 234
359,345
,128,036
24,762
30.4 8 7 1,049, 516
,826,411 2,556,728 14.862, 359
,287,598
,976,322
,978,187 4,394,684 26,696, 564
978 ,0 5 4
744, 075
79,751
143,759
602, 625
86,814
51,246
813,953
25,594
20, 471
2,752
2,483
29,563
31, 072
3,972
4 ,2 5 4
27,767, 721 32 ,388,932
,086,922 4 ,585,218
152,382
145, 188
369,418 12,762, 557 13. ,016,488
316,601
48,8 6 0
62, 561
7 ,803
7,485
,494,916
125,412
140,588 1,474, 810
906,571
90,741
985, 929
98,597
248,223
35,253
306, 232
34,781
971,401
106,379 1,029, 959
100,024
,130,073
76,300 3,170, 335
65,100
,320,724
32,935 1,408, 638
33,286
19,596
16i 235
2,748
2,049
46,3 9 2
5 06,799
411, 161
36,811
7,004
8,355
* Includes Col. Mid. in 1893 and 189 2 for week and year to date,
t Includes Milwaukee A Northern for all periods.
. § Includes Wis. Central to September 26 inclusive for both years.
a Figures cover only that part of mileage located in South Carolina,
ft Earnings given are on whole Jacksonville Southeastern System.
c T h e business of the Lehigh Valley and Lehigh A Wilkesbarre de
partments is not included, d Includes earnings from ferries, etc.,
n o t given separately. J Mexican currency, e Tol. Col. A Cin. included
for the week and since Jan. 1 in both years. /I n c lu d e s only half of
lines in which Union Pacific has a half interest, h Includes from Sep
tember 1 earnings of Milwaukee Lake Shore A W estern in both years.
I Includes Hancock A Calumet for October only. /In c lu d e s Ohio A
Mississippi in both years and from January 1 to latest date.
latest Gross Earnings by Weeks.—The latest weekly
earnings in the foregoing are separately summed up as follows:
For the fourth week of November our preliminary statement
covers 57 roads, and shows 10'08 per cent loss in the aggregate.
4 th week o f November.
Ateh. Top. A San. F et___
St. Louis A San Fr.........
B a lt.A Ohio Southwest^.
Brooklyn Elevated...........
Buffalo Roch. A Pittsb’g.
Burl. Ced. Rap. A North.
Canadian P a c ific ............
Chesapeake A O h io...
Chicago A East. Illinois.
Chicago Milw. A St. Paul
Chic. A West M ichigan...
Cin. Jackson A Mackinaw
Cleve. Cin. Chic. A St. L ..
Current R iver...............
Denver A Rio Grande___
Detroit Lansing A N o___
Rvan8v. A Indianapolis.
Evansv. A Terre Haute.
Flint A Pere Marquette
Grand Rapids A Indiana
Cin. Rich. A Ft. Wayne
Traverse C ity .................
Mus. Gr. Rapids A Ind.
Grand Trunk of Canada*
Intern’l A Gt. North’n . . .
Iowa Central................ .
Kanawha A Michigan___
Kan. City Clin. A Spring.
Kan. e . Ft. S. A M em ___
Kan. City Mem. A B irm .
Kan. City Pittsb. A Gulf.
Kan. City Suburban Belt.
Keokuk A Western...........
Lake Erie A Western.......
Louisv.Evansv. A St. L ..
Louisville A N ash ville...
Louis. N. Albany A Chic.
Mexican Central...............
Mexican National.............
Mo. Kansas A T exas........
Mo. Pacific A Iron M t___
N . V . Ontario A Western
Norfolk A W estern..........
Ohio River...........................
Peoria I tec. A E v a n sv ...
Pittsburg A W estern........
Richmond A D a n v ille ...
Georgia Pacific.............
Bt. Joseph A Gd. Island..
St. L. Alt. A T. H ...............
Bt. Louis Southwestern..
Texas A Paciho.................
Toledo A Ohio C en tral...
Tole.do Peoria A West,’ n ..
Tol. St. L. A Kan. C ity...
W abash.................................
Wheeling A Lake Erie ..
Total (57 r o a d s )...........
Net decrease (10*08 p. o.i
1893.
1893.
$
1,035,441
238,032
148,914
44,009
76,730
118,935
563,000
234,381
79,022
900,963
34,166
14,456
362,119
2,713
185,100
23,538
7,578
49,741
44,275
9,859
860
2,125
379,685
154,159
44,705
9,169
6,132
98,583
33,043
J\659
" ,0 6 7
9,401
73,263
35,237
520,450
7 0 439
227,589
95,827
338,799
754,000
1 01,453
178,515
17,697
19,948
52,666
1 72'013
47,3 9 6
24.762
32,330
17 7 ,8 0 0
290,722
42,646
19,205
45,292
316,601
33,286
8,642,926
1892.
S
1,064,697
255,281
164,770
47,939
84,874
1 25,453
6 01,000
2 34,566
91,045
1 ,059,075
52,738
17.039
380,192
4,327
254,600
31,905
9,05 L
31,3 0 2
70,0 0 5
61.227
11,143
994
4 ,092
396,583
179,241
4 5 ,7 6 0
8,095
8,223
135,907
33 899
3,601
4,617
11,045
91,168
43,837
599 ,7 8 4
73,858
214,649
190,313
326 ,1 7 0
925 ,0 0 0
86,1 2 0
188,165
19,533
18,420
65,150
184,555
4 5 ,4 7 0
30,487
37,810
1 62.300
2 94,666
- 55,392
22,383
49,635
369,418
32,935
9,6 1 1 ,4 0 4
* Week ending November 25.
t includes Colorado Midland in both years.
J Includes Ohio A Mississippi in both years.
Increase.
$
29,256
17,249
15,856
3,v-30
8 ,144
6,518
38,0u0
185
12,023
1 58,112
18,572
2,583
18,073
1,614
69,500
8,267
1,473
862
20,284
16,952
1 ,2 -4
134
1,967
16,898
2 5 ,0 8 2
1,055
1,074
” 2,09 i
37,324
856
4 .058
1,450
1,644
17,915
8,600
79,334
3,419
i ‘2 ,9*4*6
94,486
12,629
171,000
15,333
9 ,650
1,836
1,528
12*484
12,542
1,926
**5',7 2 5
5 ,480
15,500
” 3,9*4*4
12.746
3,178
4,343
52,817
For the month of November 88 roads (all that have furnished
statements as yet) show aggregate results as follows:
Month o f November.
1,0 3 5 ,2 6 7
9 68.478
1893.
1892.
$
$
Gross earnings (88 roads) 3 6 ,4 72,124 3 9 ,1 63,409
Decrease.
$
2 ,691,285
Per Cent.
6 -8 7
It will be seen there is a loss in the amount of $2,691,285,
or 6'87 per cent.
Our final statement of earnings for the third week o f
November covers 74 roads and shows a loss of 6 76 per cent.
3d week o f November.
1893.
1892.
Increase.
$
7 ,374,395
28,936
42,0 3 0
7,608
32,919
5,463
54,9 L7
42,7 2 4
14,231
65,100
*
7,9 0 7 ,0 7 0
33,685
38,589
8 ,2 8 2
28,9 7 6
5,514
66,071
44,663
15,395
76,300
$
95,837
7 ,668,323
Previously rep’d <
65 r’ds)
Duluth 8 . S. A A tla n tic...
Interoceanic (Mex.)*.......
Keokuk A W estern.........
Memniiis A Charleston...
Mineral R *n ge...................
Minn. St. P. A S. S. M ___
Pittsburg A W estern.......
tan Fran. A No. Pacific.
Western N. Y . A P e n n ..
8,2 2 4 ,5 4 5
103,221
Net decrease (6'76 p.o.L .
Deerea*
628 ,5 1 2
4 ,7 4 9
3,441
” ” 674
3 ,943
........51
11,154
1,939
1,164
1 1 ,2 0 0
6 5 9 ,4 4 3
5 5 6 ,2 2 2
* For week ending November 18.
Net Earnings Monthly to Latest Dates.—The table fol
lowing shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the C
of November 18. The next will appear ia
the issue of December 23.
h r o n ic l e
Gross Earnings.----- >/------ Net Eai'nings.----1893.
1892.
1893.
,f,An
1892.
Roads.
$
S
$
286,183
Buff. R. A P it t s ..b ...O c t .
309,322
102,083
88,890
Jan. 1 to Oct. 3 1 ___ 2 ,8 61,152 2 ,669.785
888,169
7 9 4 ,6 2 0
July 1 to Oct. 3 1 ___ 1 ,2 04,931 1,163,761
384 ,0 0 4
3 6 4 ,6 5 4
277,026
Ohio.Bur. A N orth.b.O ct.
243,479
1 0 5 ,5 7 2
125,234
Jan. 1 to Oct. 3 1 ___ 1 ,9 96,672 1 ,819,871
6 3 8 ,8 5 2
7 18,676
Col. H. V. A Tol-...foSept.
3 22,581
1 7 4 ,3 8 4
30 7 ,9 9 7
163 ,0 1 8
Jan. 1 to Sept. 3 0 ___ 2 ,4 7 4 ,4 7 7 2,4 6 2 ,4 3 7 1 ,060,518 1 ,1 3 3 ,6 5 8
668,429
Den. A R. Granne.h.-Oct.
815,561
3 2 4 ,7 7 4
3 6 2 ,4 5 8
Jan. 1 to Oct. 3 1 . . . . 6 ,5 L8,871 7 ,5 6 9 ,8 1 3 2 ,6 L4,766 3 ,1 7 3 ,4 8 7
July 1 to Oct. 3 1 ___ 2,2 1 0 ,4 3 7 3 ,3 5 7 ,2 8 5
836 ,5 4 7 1 ,4 6 5 ,3 3 6
2 1 4 ,3 8 4
7 9 ,4 2 4
Flint A Pere M a r .a .. .Oct.
240,808
6 2 ,3 0 9
Jan. 1 to Oct. 3 1 ___ 2,3 3 9 ,0 9 9 2 ,386,979
7 0 3 ,5 3 6
5 84,161
155,402
149,767
G eorgia]..................a.N ov.
5 6 ,5 7 4
88,733
Jan. 1 to Nov. 3 0 ___ 1,2 7 7 ,4 1 6 1 ,357,206
315 ,8 2 9
377.511
6 10,700
July 1 to Nov. 3 0 ___
662,168
223 ,8 6 8
265 ,1 2 4
Hlinois Central. ..a .O c t. 2 ,668,343 1 ,8 7 8 ,1 1 0 1,1 8 5 .3 7 6
6 2 3 ,3 5 9
Jan. 1 to Oct. 3 1 . . . . 18,438,583 15,797,665 6 ,1 0 3 ,9 7 8 3 ,8 1 9 ,7 7 7
8,5 3 7 ,7 5 2 6 ,6 81,517 3 ,1 5 5 ,8 4 4 1 ,7 0 4 ,6 8 0
July 1 to Oct, 31
Kanawha A M ic h .b ..O c t.
33,482
34,150
11,9 4 1
12,5 3 0
Jan. 1 to Oct. 3 1 ___
93,3 7 8
301,681
1 0 2 ,3 6 8
31 4 ,3 8 4
128,122
4 2 ,2 4 5
July 1 to Oct. 3 1 ___
43,3 3 4
128,933
7 20,991
3 5 2 ,4 0 6
Mexican Central— Oct.t
3 3 5 .2 2 4
772,009
Jan. 1 to Oot. 3 1 t___ 6 ,5 6 3 ,3 8 2 6 ,493,306 2,2 9 3 ,4 4 3 2 ,3 5 5 ,0 2 9
Mexican N ational...tO ct.
480,621
3 49,576
1 7 6 ,7 0 7
152,003
Jan. 1 to Oct. 3 I t ___ 3,5 3 5 ,8 6 9 3 ,7 5 1 ,7 3 6 *1 ,3 4 0 ;7 5 0 *1 ,3 0 9 ,3 9 5
201,745
Minn. A St. L o u is.a . .Oct.
200.345
103,843
7 7 ,5 2 5
Jan. 1 to Oct. 3 1 ___ 1,4 9 4 ,9 6 7 1,636,617
5 4 2 ,5 8 4
6 10,575
July 1 to Oct. 3JL....
6 35,260
7 29.345
280 ,0 7 3
2 7 5 ,7 4 8
N .Y . Ont. A W e s t.a ..O c t.
368,821
306,460
1 20,636
75,781
Jan. 1 to Oct. 3 1 . . . . 3 ,306,931 2 ,9 13,449
856 ,0 2 8
7 4 8 ,1 3 8
July 1 to Oct. 3 1 ___ 1,500,950 1 ,3 21,882
487 ,7 9 8
4 0 1 ,7 8 $
7 3 ,6 1 6
Oregon Imp. C o .a ___Oot.
350,605
350,768
82,0 3 7
Jan. 1 to Oct. 3 1 . . . . 3 ,2 5 3 ,2 0 7 3,2 8 2 ,6 9 2
6 2 2 ,0 3 1
6 6 0 ,1 6 4
6 66,713
7 0 0 ,4 4 6
Dec. 1 to Oot. 3 1 ___ 3,5 5 4 ,8 5 3 3,5 8 0 ,5 3 0
‘
585,284
495,303
Philadelphia A E rie ..Oct.
1 84,756
2 3 6 ,3 2 8
Jan. 1 to Oct. 3 1 ___ 4,3 9 7 ,4 7 5 4,3 8 3 ,3 0 9 1,4 0 0 ,6 3 8 1 ,3 2 7 ,9 3 9
9 9 ,0 2 9
226,950
246,869
97,2 8 6
Rio Grande W e s t .b ..Oct.
1,900,243 2 ,2 0 4 ,4 0 6
7 8 0 ,6 7 3
694 ,3 4 1
Jan. 1 to Oot. 31 —
7 69,231 1 ,006,516
3 27,382
3 9 4 ,9 4 7
July 1 to Oot. 31 —
Southern Pacific Co.—
1 8 1 ,6 1 9
4 7 6 ,2 5 7
423 ,5 9 4
192 ,6 9 2
Gal. H . A S . A n t.b ..O ot.
8 8 5 ,5 6 0
8 2 8 ,3 5 3
Jan. 1 to Oot. 3 1 .. 3 ,5 10,005 3,7 0 3 ,0 4 9
6 3 ,5 1 5
Louisiana W e s t ..b .Oct. 113,191
109,598
65,2 8 8
4 3 1 ,0 1 4
4 1 3 ,4 0 1
859,919
913 ,4 7 1
Jan. 1 to Oct. 3 1 ..
2 4 1 ,1 3 0
609 ,0 6 7
613 ,3 5 9
196.445
M’gan’ s La. A T .b .Oot.
7 5 5 ,7 6 3
7 3 1 ,6 0 9
Jan. 1 to Oct. 3 1 .. 4 ,3 1 5 ,3 2 3 4,2 5 0 ,5 4 3
2 3 ,0 5 4
35,823
33,345
20,9 4 6
N .Y .Tex. A M ... b .Oot.
6 4 ,0 5 9
74,668
2 03,939
212 ,9 5 6
Jan. 1 to Oct. 3 1 ..
7 0 ,8 4 7
153,105
75,8 0 9
153,606
Texas A N. O .b .. .Oot.
5 8 1 ,5 1 1
6 63,336
1 ,373,803
Jan. 1 to Oct. 3 1 .. 1 ,466,471
6 5 ,0 8 3
80,365
183,217
Toledo A O. C ent.b.-.O ot.
190,965
5 5 2 ,7 0 2
580,848
Jan. 1 to Oot. 3 1 . . . . 1 ,662,018 1,622,961
2 6 6 ,0 4 6
265,611
750,418
July 1 to Oct. 3 1 . . . .
694,758
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
* After deducting other expenditures for repairs, replacements and
general expenses, net income applicable to interest on bonds in October
was $96 ,4 3 1 , against $1 1 0 ,4 1 4 last year, and for ten months $ 7 6 7 ,4 6 5 ,
against. $923,171. Mexican dollars are treated as equivalent to 80
cents United Stages m oney, and all depreciation beyond 20 per cent is
charged in the above items.
t Figures are given in Mexican ourrenoy.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, &c., with the surplus or deficit
above or below those charges.
351
66,789
[V ol. l v u .
Roads.
Denver A Rio G i’ de..Oct.
July 1 to Oct. 3 1 ----Flint A Pere Ma r q .. . Oct.
Jan. 1 to Oct. 3 1 ----Kanawha A M ich— Oct.
-In ten t, rentals, eSc.— ^-Bal. o f Net Earns.
s
1893.
1892.
1892.
1893.
$
$
$
$
130 ,8 5 2
120,575
2 04.199
231,606
28,7 9 4
569 ,8 6 6
895,470
8 07,753
26,4 5 9
10,330
52,965
51,979
197,617
79,0 0 5
505 ,1 5 6
5 05,919
5 ,1 7 0
2 ,760
6,771
9 ,770
THE CHRONICLE.
D ecembi b 9, 1893.]
ANNUAL
REPORTS.
Disbursements—
Interest on b on d s ...
Int. oil bonds paid as
rental.....................
A tc h is o n T o p e k a & S a n ta F e R a ilr o a d .
(F o r
Otlier int. and dise’t.
t h e y e a r e n d i n g J u n e SO, 1 8 9 S .J
The annual repcrt wil be found at length on other pages
a rui a review of the report in our editorial columns.
The statistics below, com piled for the Chronicle, are for
the “ A tchison System-Proper," including the Atchison's
proportion o f results o f the several properties jointly owned
b y other companies, and in 1892-3 the Colorado Midland is
also included.
OPEUATfOSS AND FISCAL RESULTS.
1889-90.
1890-91.
1891-32.
18S2-93.
Miles oper. Jane 30.
7,110
7,1 U
7,130
7,431
Operations—
Pass, carried. N o___ 4,235.671
4,467,298
4,687,130
5,371,554
Pass, carried 1 m .. .295,234,950307,567,910 308,914,009 385,268,617
Rate pr. pass, pr m „ 2-234 eta.
..
2-357 ot*. 2-388 eta,
2-264 eta.
Vf% (tons) carried .
7,741,658 7,780,222
8,761,765 10,030,460
F r't (tons) ear, 1n r .
1,768.8*28 1,844.663
2,117,044
2,418,315
1-191 cts.
Rate per ton Per m .
1,229 Cts.
1-265 eta.
i-2 1 9 ot*.
Earnings—
$
f
$
$
P assenger................. 6.610,034
7,-248,694
7,377,995
8,720,832
Freight ...............
21,733,<54 23,32s*,649 25,803,384 28,791,4*9
M a il...........................
742,807
871,550
895,911
919,450
E spresa......
764,552
769.241
809.732
1,056,207
M iscellaneous_____
1.153,700
1,441,582
1,551,167
1,828,609
Total gross earn. 31.004,357
33,663,716 36,438,189
Operating expenses
Main, of r’d ,1-strne.
Mato, o f equlptn' i ..
4,842,149
V.670,736
Trati.Hp. and traffic. 12,334X17
1,072,634
-General........ .—
4.954,113
4,064,562
14,956,485
1,235,773
5,074,672
3,3 99,2 -4
14.482,161
1,087,142
11,316,547
5,543,5 11
4,559,120
17,162,650
1,340,488
Total oper. expen 20,920,386 24,043,189 25,210,931 28,605,799
Net earnin gs..........
10,083,971 9,620,547 11,2*27,255 12,710,746
P .e.ofo p .e x .to e a n is,
674 8
71-42
69 19
69-24
•Three ciphers (000) omitted.
iNCOMJB ACCOUNT OF ' ATCHISON SrsTEM -l-KOPEE,”
1890-91.
jg
Net earnings.......... ...................
Incom e from inv, *l's, A c.......
1891-92.
1892-93.
ji*
$
9,620,547
770,156
11,227,255
818.230
12,710,746
82-,358
10,390,702
12,045,535
13.539,104
420,000
Interest on guar, fund notes..
*
• < 4. p,et. generals.. 5,024.286
*
*
•
5 p, ot. incom es.. •1,587,791
Int. on 2 nd m olt. 4« ..............
Int. on Co!. Mid. bond* .........
Interest on other b on ds;.. ..
478.245
o l4 ,» 7 9
Rent o f track and roll, sto ck .
*
•
• Mojave b iv ., one-half
•
218,133
T ax es........................................... 1,240,018
St. U, A B. F. Ry. (agreement
260,302
of Oet. 1886).............................
M is c e l la n e o u s ..................................
92.395
407,822
5,102,182
i 1,092,160
420.000
5,121,908
Total net incom e.............
Deauct—
T otal deductions................
B alance, surplus.......... ...........
•Two per cent.
9,936,14*3
454,553
(24s per cent.
470.902
61.9,820
216,133
1,103,SCO
2,139,256
595.023
466.360
688.382
218,133
1,278,488
323,30!)
242,802
342.164
351.000
10,480,630
1,564,905
11,620,721
1,918,380
: Inel, Ateb. share o f A. A F.
M . L o n is & S a n F r a n c i s c o R a ilw a y .
( F o r t h e y e a r e n d i n g J u n e.
30, 1893
977
J
T h e statements below have been com piled for the C h r o n i c l e .
Other rentals............
Tuxes .......................
Sinking: f u n d s ..........
Im provements . . . . . .
Equipm ent.................
Dividends..................
Miscellaneous...........
1890-91.
1889-90.
$
1,769,903
1,761,208
237,680
229,875
239,396
135,815
131,612
187,234
198,039
146,741
143,837
165,535
188,718
190,000
66,333
Total.................... 2,762,006
B alan ce......................sur.253,615
1891-92.
1892-93,
$
¥
2,016,564*
!• 2,430,799
228,345 )
137,367
134,823
198,142
197,923
....................................
....................................
....................................
3,079,920
2,610,418
2,763,545
def.99,344 sur,586,618 sur.489,766
* The advances to A tlantic & Pacific RR , and W ich. & Western RR .
were: In 18 9l!-91 $650,129, malting deficit fo r year $749,473; in 1391-92,
advances, f 6 2 7 .t r 9 , and deficit, $41,060; in 1892-93, adyanoes, 8564,918, and deficit $75,1.53.
C o l o r a d o M id la n d R a i l w a y .
( F o r t h e y e a r e n d i n g J u n e SO, 1 8 9 3 J
This road is n o w operated as part of the Atchison SystemProper, but th e earnings, expenses and charges are, given
separately below. The balance sheet and the incom e account
in detail w ill be found on a subsequent page.
EARNINGS AND EXPENSES.
1889-90.
Mills operated.................
Earnings—
Freight............................
Passenger........................ . . .
Mail, express, &o............
$
1890-91.
1891-92,
350
350
$
$
1892-93.
350
$
243,647
1,591,926
2 94,231
82,108
1 ,705,352
3 08,843
89,405
1 ,6 8 6 ,9 7 4
3 32,242
120,790
T otal............... ............ ...1 ,7 2 4 ,7 9 1
Operating expen ses— ..1 ,1 6 5 ,8 4 7
1 ,9 68,265
1,386,899
2,103,600
1,5 4 0 ,0 1 7
2,140,006
1,798,377
558 ,9 4 4
581 ,3 6 6
INCOME ACCOUNT.
1890-91.
$
563.583
341,629
1891-92.
$
563,583
1892-93.
596,860
76.267
9t>,607
595,023
S et earnings............... . .
Net earning*................................................. 581,366
Deduct—
Interest on bon ds....................................... 521,567
Rentals of tracks, terminals, ears, 4 c ... 54,461
Taxes ............................................................ 76,218
M iscellaneous............................................... 5,917
T o t a l .....................................
Deficit..........................
658,193
76,827
341,629
71,402
38,246
109,230
55,338
801,980
2 38,397
8 30,993
489 ,3 6 4
S a v a n n a h & W e ste rn R a ilr o a d .
( F o r t h e y e a r e n d i n g J u n e SC, 1 89 3 . J
Receivers Comer and Low ry have submitted their report for
the fiscal year ending June 30. The earnings o f the Savan
nah & Western system were:
Gross earn in gs.................................................................... .......... $ 1 ,271,390
1,568,715
Expenses........... — ......................................... ....................... .
Deficit..........................................................................................
297,324
The report gives the result on each line as follows : Eden
Extension, net §43,885; the Buena Vista & Ellaville, deficit,
§11,919; the Columbus & Western, deficit, $83,407; the East
Alabama, net,
3.455; iheColutnbus & Rome, del. $13,819;
the Eufaula & East Alabama, deficit, $7,362; the Savannah
Griffin & North Alabama, deficit, $875; the Chattanooga
Rome & Columbus, deficit, $239,881.
T h e “ operations and fiscal results” are for the general system,
which includes all leased and operated lines and one-half of
IXDEBTEDNMS OF TUB SAVANNAH it WESTERN BA U RO AD .
roads jointly owned. One-half of At. Sc Pac. and W ich &
Unpaid
West, results is also included, th e other half being given in
Bonds.
interest.
the Atchison's results.
Columbus & Western Railway bon ds...................... $300,000
$43 ,0 0 0
The income account is for the St. Louis & San Francisco Columbus & Home RR bonds.................................... 20 *,000
12,000
p r o p e r only, the deficit on A. & P. operations for the year Rome & Carrollton RR. b o n d s ................................. 150,000
9,000
104,500
Chattanooga Rome A Col. bourts............................. 2,090,01)0
being stated separately.
Savannah A Western RR. bonds .............................7,755,000
387.750
Fuller statistics and the balance sheet and income account
FLOATING DEBT.
in detail are given on subsequent pages,
OPERATIONS AND FISCAL RESULTS.
Av. miles operated.
1889-90.
1,853
1890-91.
1,360
1391-92.
1,364
1892-93.
1,864
Note iluc Central RR. with interest from July 1st, 1 8 8 9 ___$1,000,000
Old construction account..............................................................
734,960
Operations—
Passengers carried. 1,351,000 1,490,635
1,556,742
1,670,544
Pass, carried 1 m ile. 69,301,67 4 75,883,848 74,603*259 79,538,194
R ateperpass, perm . 2-317 cts.
2-415 cts.
2-384 cts.
2-319 cts.
Tons freight carried. 2,013,997 2,133,259
2,337,241
2,748,115
Tons tr‘ t car, 1 in . -.463,294,099 455,566,915 487,078,191 556,354,5!>4
1-279 cts. 1 T 9 3 cts,
R ale pet ion per rji
1-223 cts.
1-278 cts.
g a m m a it—
Passengers.................
Freight.................... ..
8
1,605,491
5,688,675
*
182,900
1,832,720
5,621,133
223,344
205.844
350,674
1,773,431
6,228,4*6
248,079
193,048
352,433
T o ta l...................
Expenses Main, o f rd. & (true.
>
Main, of equipm ent.
Traaspor’ u k - trallio.
it
General............... ......
7,869,306
8,433,715
8,805,437
9,417,159
1,106,788
775,874
2,621.555
214,858
1.241,452
885,361
3,092,350
291,376
1,101,586
943,350
3,137,853
296,030
1,202,812
1,011,2)4
3,559,422
*288,921
T o ta l...................
R e t e a r n in g s ..........
P. e. op ox. to earn..
4,749,075
3,120,231
60*35
5,510,539
2,923.176
65*34
5,478,819
3,320,618
62-21
6,062,369
3,354,790
64-38
Miles oper. Jane 30.
1889*90.
1,329
6,394,069
3,479,381
1991-904
1,328
$
7,053,228
4,013,184
1892-93.
1,328
Gross earnings------Operating expenses
1890-91.
1,329
$
0,748,508
3,840,859
7,512,658
4,45 a, 151
O t h e r incom e...........
Net earn In E8.........
2,911,688
100,933
2,907,650
72.928
3,04 ),0J4
156,992
3,0-<9,507
103,804
T o l a !....... ...........
3,015,621
2,980,576
3,187,036
3,253,311
Mall................
Express............
Miscellaneous.
188,394
|j-" " " ‘
203,846
$638,896
Capital stock, 80,007 shares, all owned by Central RR, &
Banking Company of Georgia.
The report says: “ The heavy outlay charged to operating
expenses was rendered necessary by the generally bad condi
1,844,882 tion of the property. No separate account o f these uaususl
6,663,156
248,5*0 repairs was kept, but all were charged to operation except:
270,519
390,362
INCOME ACCOUNT,
Rebuilding tunnels on Columbus & W estern........................... $134,698
Ralls for all lines........................................................................... . . .
14,002
Total
........................................................................................ $148,701
Add deficit above...........................................................................
297,324
Which show s.................................................................................$ 146,026
expended d aring the year in excess o f earnings. “ This money,
as also $154,825 coupons paid from March 4th, 1892, to June
30th, 1893, less $22,205 net earnings from March 4th to June
SOtb, 1892, has been supplied from the operations of the other
lines of the Central system, in connection with which, under
order of the Court, the Savannah & Western Railroad has
been operated. Earnings on the Columbus & Wes-ern divis
ion were very much reduced because of the accident' to the
tunnels, in consequence of which it was not until December
that trains could run over that line. In rebuilding these tun
nels brick masonry was employed ai being in the end more
economical, aud as the work has been done iu a most substan
tial manner, it is thought they will never again eau-se trouble;
besides the expense of watchmen is now avoided.”
973
THE CHRONICLE.
Philadelphia Traction Co.
G E N ER AL INV E S T M E N T N E W S .
( For the year ending June 30, 1893.J
The annual meeting of the stockholders of the Philadelphia
Traction Co. was held recently in Philadelphia at the company’s
offices. There were 108,308 shares voted and directors for the
ensuing year were elected as follows : P. A. B. Widener, Wil
liam L. Elkins, Thomas Dolan, James McManes, Joseph B.
Altemus, George W. Elkins. Afterward the following officers
were chosen by the board : P. A. B. Widener, President ;
William L. Elkins, First Vice-President; George A. Widener,
Second Vice-Pjesident; and D. W. Dickson, Treasurer.
The board adopted a resolution declaring a dividend of SI 50
per share, pajable December 11, 1893.
The brief report of President P. A. B. Widener presented
the following summary for the year:
R e c e i p t s ................................................................................................. $4 ,9 8 6 ,8 3 8
Operating expenses....................................................................... . . . $3,310,498
R entals...................................................................................... ................ 1,2 3 3 ,5 9 0
$ 4 ,5 9 4 ,0 8 3
$39 2 ,7 4 9
Balance..............................................................................................
Collateral Ponds canceled, $35 ,0 0 0 .
Mr. Widener, in a statement to the stockholders, said:
“Gentlemen, it gives me great pleasure to say that I look
upon this as the most favorable report ever made in the his
tory of the Traction Companv. Not only have we earned
a sum beyond our dividend, and been enabled to extinguish
35 bonds of the collateral trust loan, but we have done this in
the face of the depressed condition of the times and of con
struction going on overall our roads which, as every one knows,
has interfered more or less with traffic. In view of these
things we did not expect to have any profit from the two re
cently leased lines. Thirteenth and Fifteenth Streets and Ridge
Avenue lines. The rentals paid were about all we expected
these reads could earn the first year. In the face of it all, I
am pleased to say that the Traction Company has earned a
sum beyond its dividend and extinguished 35 $1,000 collateral
bonds. This showing only indicates what this property will
he able to do with the change of motive power.
“By about the 10th of December we expect to have the
Thirteenth and Fifteenth stieets line in operation with the
trolley. Twenty days later the Twelfth and Sixteenth streets
line will be running, and by the time February comes Ridge
Avenue will be in operation. In the early spring Chestnut
and Walnut will be operated by trolley. Within sixty davs
the road to GermantowD, constructed by this company, will be
in operation. Spruce and Pine will be finished in the early
spring, as will also Seventeenth and Nineteenth, Continental,
and Nineteenth and Twentieth, so that for next year the pros
pects look very bright for this corporation.”
S a va n n a h F lo r id a & W e s te rn R a ilr o a d .
(F or the year ending June 30,1393. J
Atchison Topeka & Santa Fe.—Dow, Jones & Co. on the 8th!
said : *‘ The following is given to us as the facts in the Atchison
case. President Reinhart did not go to London to borrow
money, nor to sell collateral in the treasury, nor to renew
loans, nor to adjust any difficulties about the guarantee note
scheme, nor to provide January 1 interest. He had developed
a theory that the payment of Atchison’s floating debt would
be a remarkably good financial step and had prepared a plan,
similar to that by which the Union Pacific collateral notes
were issued and tbe floating debt retired. He had made a 7
per cent collateral trust issue and this he offered to London
bankers, but in their judgment the price he asked was too
high and Mr. Reinhart refused a lower offer.”
Brooklyn Traction Company.—The circular last week from
Mr. J. P. Ilaley, President of this company, addressed to the
stockholders, gave the proposed plan of consolidation with other
com panies. There is to be a merger of the interests of the
Atlantic Avenue Railroad Company, the Broadway Railroad
Company of Brooklyn, the Broadway Ferry & Metropolitan
Avenue Railroad Company, and the Jamaica & Brooklyn Road
Company, into a new or reorganized company.
The Long Island Traction Company owns or controls all the
capital stock of the Brooklyn Heights Railroad Company,
the lessee of the Brooklyn City Railroad Company’s properties.
Some time since Messrs. J. & W. Seligman & Co. and Messrs.
E. W. Clark & Co. consented to join with Messrs. H. B.
Hollins & Co. in the purchase of all the capital stock of the
Broadway Railroad Company of Brooklyn, the Broadway
Ferry & Metropolitan Avenue Railroad Company and the
Jamaica & Brooklyn Road Company (which may appropri
ately be styled tbe Broadway Railroad System), on condition
that the within plan should first be submitted to the Brooklyn
Traction Company for its approval before these three railroad
properties were in any wav offered for sale to the Long
Island Traction Company. The Directors of the Brooklyn
Traction Company are clearly of opinion that the proposed
arrangement is for the benefit of all parties concerned, and
that the option will be exercised by the Long Island Traction
Company. The plan includes, among other benefits to the
Brooklyn Traction Company, provision for the floating debt
of the Brooklyn Traction Company and the Atlantic Avenue
Railroad Company, amounting, in the aggregate to about
$1,250,000.
To carry out this plan it is proposed by means of one of the
existing corporations, or by a new corporation with a capital
stock of $15,000,000 ($2,500,000 to remain in the treasury un
issued), to unite by lease and merger, into one corporation,
the property and franchises of the Broadway Railroad and
the Atlantic Avenue Railroad systems. It is proposed that
the new company issue $11,600,000 gold bonds, secured as
follows by:
At the annual meeting in Savannah the minutes of the (a.)
meeting looking to the consolidation of the South Florida
Railroad, the purchase of the Silver Springs Ocala & Gulf
Railroad and the buildiDg of the connection between Gaines
ville and Bartow, Fla., were read and confirmed. The fol
lowing gentlemen were elected directors for the ensuing year:
H. B. Plant, H. S. Haines, B. F. Newcomer, R. G. Erwin, W.
K. Jesup, H. M. Flagler, J. H. Estill. A report was received
from the directors giving a svnopsis of what had been done (b.)
during the fiscal year ending June 30. 1893. From the bripf
statistics therein contained the following comparative figures
are compiled for the C
:
h r o n ic l e
EARNINGS, EXPENSES AND CHARGES.
1 8 90-91.
$
G loss earnings................................... 3 ,2 5 4 ,2 4 9
E x p e n s e s ............................................ 2 ,2 9 8 ,5 8 6
Net earnings................................
A d d other income......................
9 5 5 ,6 6 3
......
Total..................................................
9 5 5 ,6 6 3
Deduct—
Tnteiest on I o n d s ............................ _ 4 3 1 ,^ 6 4
Other ln teie tt.................................... *
2 8 ,9 8 0
Taxes and other paym ents......... ..
7 1 ,5 3 3
Dividends...............................................2 % 1 3 1 ,9 4 6
|Vol . LVVl.
(c.)
1891-92.
$
3 ,0 5 5 .5 3 5
2 ,0 8 3 ,4 4 7
1 8 9 2 -93 .
$
3.025,299
1,914,499
97 2 .0 8 8
15 7 ,5 3 3
1 ,1 1 0 ,8 0 0
19,602
1 ,1 2 9 ,6 2 1
1 ,1 3 0 ,4 0 2
4 3 1 ,8 6 4
...
193 .0 6 5
5 % 3 3 9 .6 9 5
4 3 1 ,8 3 4
___
151 ,9 9 2
6 % 5 6 4 ,7 7 4
1891-92.
$4 4 9 ,1 8 7
4 03,075
1892-93.
$4--1,93 t
375,515
$ 2 ,8 5 0 ,0 0 0 first mortgage 4 per cent 35-ye.ar gold tionds, se
cured try mortgage on tire property of the Broad
way Railroad Company, which witli and including
tne $ 3 5 0 ,0 0 0 outstanding bonds of that company
shall be the underlying lieu on that property, and
in addition, either by a mortgage on the A tla n tic
Avenue Railroad, subject to the present mortgage
indebtedness of $3 ,0 0 0 ,0 0 0 . or by guaranty of The
Atlantic Avenue Railroad Company, the m ortgage
in either event to provide that it shall first be satis
fied out of the property and franchises of the Broad
way R uiroad Company.
$ 3 ,7 5 0 ,0 0 0 first consolidated mortgage 5 per cent 35-year gold
bonds secured by mortgage on the pronerty and
franchises of the Broadway Railroad Company and
guaranteed by the Atlantic Avenue Railroad Compauy.
$ 5 ,0 0 0 ,0 0 0 general mortgage 5 per cent 35-year gold bonds on
all the property and franchises of the new com pany,
including the Brooklyn Bath -V West End R R ., or
.
the control thereof, subject- to the foregoing mort
gages and a mortgage of the latter company for
$1,6 0 0 ,0 0 0 .
$ 1 1 ,6 0 0 ,0 0 0
Mem.—The foregoing mortgages shall he liens also on the property
and franchises of the Broadway Ferry & Metropolitan Avenue and
the Jamaica & Brooklyn Hoad companies. The first mentioned com
pany's property is unencumbered; the lattter has an existing out
standing mortgage indebtedness of $24 0 ,0 0 0 .
The new company, in order to retire the floating: debt of
the Atlantic Avenue Railroad Companv and the Brooklyn
T otal................................................
6 64,323
9 6 4 .6 2 4
1 ,148,630 Traction Company, will issue also $1,500,000 collateral trust
3-year 6 per cent notes, redeemable at par, at the pleasure of
B a la n c e ..-................................. sur. 2 9 1 ,3 4 0 sur. 164 ,9 9 7 def. 18,228
the company.
These notes will have as security (1) real estate in Brooklvn
Green Bay Winona & St. Paul RR.
valued at about $400,000 over all encumbrances ; (2) $448,000(F or the year ending June 30, 1893. J
Brooklyn Bath & West End consolidated mortgage bonds, and
The results of this road for the year 1892-93 compared with (3) $1,000,000 general mortgage bonds of the new company.
previous years were as follows:
The distribution of bonds and stock will be as follows :
F
M
Fotru P C B .
EARNINGS, EXPENSES AND CHARGES.
$35 0 ,0 0 0 to retire $4 5 0 ,0 0 0 underlying bunds of the Broadway
ir st
189C.-91.
Gross earnings..........................
Operating expenses.............. ...........
Net earnings...................... ...........
Deduct—
Interest on bonds...................
Rentals....................................... .........
T axes............................................ ..........
Miscellaneous............................
T o trl.....................................
D eficit............
........................ _____
ortgage
er
ent
onds
$39 ,1 3 8
$ 1 6 ,1 1 2
$1 0 6 ,4 1 9
Kailr ad Company.
2 .5 0 0 .0 0 0 to he sold at 80. o e million dollars ($1,000,000) of the
proceeds of which shall be used only to equip the
property with electric motive i ower.
F ir s t C o n s o l id a t e d M o r t g a g e F iv e P er c e n t B o n d s .
4 ,900
1.58!)
$ 1 1 2 ,8 5 0
4 ,9 0 0
2,687
3 ,180
$ 1 1 2 ,0 5 0
4 ,900
3 ,519
3.7 5 0 .0 0 0 To he used with th“ remaining proceeds of the above four
p ercen t 1
-otitis in acquiring the property and fran
chise - of the Broadway Railroad System.
$ 1 21,269
$ 1 4 ,8 5 0
3 .0 9 0 .0 0 0 to the, Brooklyn Traction Company.
1,0 0 0 ,0 0 0 as security for Collateral Trust Notes.
910 ,0 0 0 to remain iu Treasury less such amount as shall be used
to defray expenses by w ay of legal charges, trust
company charges, commissions, engraving, etc., etc,
3 74,003
GUARANTEED BY THE ATLANTIC A V E N U E RA ILR O A D CO.
$8 2 ,0 7 3
$ 1 2 3 ,6 1 7
*$77,505
F
’ Also expended for permanent improvements $ 7 6 ,2 5 1 , making a
deficit for year $153,75 6
$5 ,0 0 0 ,0 0 0
iv e
P
er
cent
G
eneral
Mortgage B
o nd s.
THE OHROJNLOLE.
D ecember 9, 1893.]
The new company will own:
$ 1 , 000,000 «en era im ortga ge bonds o f Uie new 1
company,
; Pledged as security
$414,000 B rooklyn Bath < West E nd B all-! for $1,503,000 colfc
road Company bonds.
I lateral trust notes.
$400,000 real estate and
)
bat race o f the general mortgage bonds midtsposed o f as
above provided.
St o c k .
$6,000,000 to the Brooklyn Traction Company,
$5,500,000 to be used l a acquiring the Broadway Hydro i d system .
$ 1 ,000,000 to remain Iti bauds o f trustees to be delivered fo r aceoa nt
o f the acqufellian o f the. Broadway Railroad system,
should the option below mentioned to the Long Island
Traction com pan y be exercised; otherwise to be delivered
to the Brooklyn Traction Company.
979
Cleveland Lorain & Wheeling1—Under the articles of con.
solidation with the Cleveland & Southwestern, 80,000 of the
new issue of 130,000 shares o f stock are to be common and
50,000 preferred. The basis of exchange of stock is $100 of
the preferred of the Cleveland & Southwestern for $S0 o f the
new, and of the common one share for three. The preferred
stock of the Cleveland Lorain & Wheeling will be exchanged
share for share, and the common at the rate of one for two
shares in the new. A consolidated mortgage for 85,000,000
has been authorized to pay outstanding indebtedness,,
including redemption of bonds of the old companies,.
and to build the extension to Cleveland. The name of the
new company will be the Cleveland Lorain & Wheeling Bailwav, M. D. Woodford, Eugene Zimmerman, Alfred Sully,
Henry A. Taylor, JotmB. Dennis, John Newell, E, B. Thomas,
James A. Blair, W, R. Woodford, W . A. Shoemaker, Dan P.
Eells, L, A. Russell and J, Walter MoClvmonds were elected
directors, and ac a meeting held later the latter elected M. D.
Woodford, President; John B. Dennis, Vice-President; W . A,
Shoemaker, Secretary, and H. F. Sanford, Treasurer.
The stockholders of the new company shall give to the
Long Island Traction Company an option for a period o f ----months from January 1, 1894, to purchase the 312,500,000
capital stuck of the new company for $12,500,000 capital stock
o f the Long Island Traeti an Company on the following terms :
I. The $6,000,000 capital stock of the new company issued
to the Brooklyn Traction Company is to be exchanged share
for share without payment.
II. —The remaining 80.5 50,000 capital stock issued on ac Duluth & Winnipeg— Duluth South Shore & Atlantic:—
count of the Broadway Railroad properties is to be exchanged, At the annua! meeting of the Duluth & Winnipeg stockhold
share for share, for Long I-land fraction Company stock on ers on the 14th inst, it is expected that action will be taken to
payment to it within a period to be limited, of $15 per share. bring the road and the Duluth South Shore & Atlantic into
Assent to the foregoing plan i f merger shall operate as an one system. B jth properties are controlled by the Canadian.
Pacific,
assent of each stockholder of the Brooklyn Traction Company
voting in favor of said plan to the following method o f dis
Fitchburg R. R .—This company has sold to a Boston syn
tribution of the assets of the Brooklyn Traction Company :
dicate $1,500,G O 10-year 5 per cent bonds, issued for refund
O
Holder* o f preferred stock o f iho Brooklyn Traction Company to re- ing bonds and paying floating debt. See statement in Chron
eeiv e for every 10 s&aree o f stock $ i ,0 JO 5 p er cent general m ortgage icle Sept 30th.
bauds, and to h m e the p rivilege o f etibeerlbiBg to the ex ten t o f 20 p er
cent o f their holdings to the 0 pet cent collateral trust gold notes, at
General E lectric.—The directors have passed the follow
90 and interest.
ing resolution ;
Holders o f com m on stock o f the Brooklyn Traction Company to re
• Whereas, The net manufacturing profits since the last
ceive shore for share, capital stock o f the Long Island Traction Com*
pan r, In ease the option Is exercised by the Long Island Company, or dividend ordinarily applicable to payment of dividends are
l 1-0 fthnre« o f the stork o f the new cotopkuy for every share o f the offset by necessary shrinkage in customers’ accounts, and
common, stock o f the Brooklyn T raction Company, in case said option
is not exercised. Common stockholders to have the privilege or a«n- other assets.
R esolved , That the cumulative dividend on the preferred
iMSflbiug to the collateral trust notea at 90 and interest, to the extent
of 15 per cent o f their holdings.
stock be not declared at this time.
These notea will be issued in denominations of $100, and
Jarvis-Conklin Company.—The Jarvis-Conklin Morfgage
multiples thereof. It is propose ! to form a syndicate to pur Trust Company plan of reorganization provides for a reduction
chase all the collateral trust notes not taken by the stockholders. in capital from $3,750,000 to $3,500,000. All bonds, mortgages
Called Bond?.—The following bonds have been called for and certificates of deposit held by creditors to bs exchanged
payment; the numbers may be learned at the offices of the for debenture certificates, bearing 4 per cent inf-rest from Oct
ober, 1893, with provision that the interest will be increased
respective companies.
to not to exceed 6 per cent, by a division of earnings between
Central V ermont.—Twenty-four equipment six per cent the stockholders and debenture bondholders, after both classes
bonds have been drawn and will be paid off on Jan, 1st.
1of securities have been paid 4 per cent. The total liabilities,
Milwaukee L ake Shore & W estern—One hundred equip I including capital stock, amount to $11,533,043; assets $11,ment t ends of 1885 have been draw n and will be paid off 591,000; surplus $57,964. With the capital reduced the com
Nov. 30.
pany will start with a surplus of $1,307,000. Mr. Henry W .
FHU.Atm.pnu & R eading Coal & Iron Co,—Eighteen Camion. President of the Chase National Bank, acts on the
“ Lee Lands Oak Hill" bonds will tj»- paid off Jan 1,
Jarvis-Conklin reorganization committee at the request of a
U nion P acific RR.—One hundred and seventy-nine Omaha large number of security holders both here and abroad,
though neither he nor his friends are directly interested in the
Bridge bonus have heen called for payment April 1, 1894.
O p e F o r A Yadkin Valley.—The Farmers' Loan & Trust company. The Reorganization Committee consists of Henry
t
Company L buying, for account o f whom it may concern (not W. Cannon; A. C. Baratow, of Providence, R. L ; R. L. Aus
s
paying) the December 1 coupons on Cape Fear & Yadkin Val tin, President of the Independence National Bank of Phila
ley Radroad first mortgage Is, series A. B and C. A dispatch delphia; Samuel L. Jarvis; J. Arthur Binns, of Bradford,
from Raleigh, N. C., sar» the rumor bus been current there England: Mac Lane Brodie, chartered accountant, of Glasgow,
that the Cape Fear & Yadkin Valley Railroad had been sold. Scotland, and Edward Watson, o f Newcastle-on-Tyne, Eng
Mr, J. T. Ylorehead has just returned from London, where he land,
Kentucky Union.—The appeal of the second mortgage
says he disposed very advantageously o f the second mortgage
bonds of the road, and this may have given rise to the repoit bondholder's and other creditors in opposition to the decree of
foreclosure granted under the first mortgage came up for a
o f a sale.
Charlotte Colombia & Augusta.—A separate receivership hearing at Louisville, Nov. 29, in the U. S. Circuit Court of
for the Charlotte Columbia & Augusta Railroad and its de Appeals. No decision has yet been rendered.
Lehigh Valley.—The Lehigh Valley strike was declared off
pendencies has been established in compliance with orders
from the United States circuit courts. This action makes a on December 0. It- is considered a fair compromise. President
legal distinction between this road and the Richmond & Wilbur having modified his views slightly, and the man re
Danville system, although Samuel Spencer, F. W. Hairie- turning to work when they can get positions,
koper and Reuben Foster, the Richmond & Danville receivers,
Marietta & North Georgia.—The sale of this road, set for
have been appointed also the receivers for the Charlotte Co Dec, 11, has been postponed thirty days. Litigation regard
lumbia & Augusta Road,
ing some $300,000 contractors’ liens on the Tennessee portion
Cincinnati Lebanon A Northern.—Cincinnati Jackson of the road Is now pending in the Tennessee Court, but decree
A Mackinaw.—The negotiation for the merging of these com of sale of the whole property under foreclosure of the first
mortgage has been obtained in the U. S. Circuit Court in
panies has no far failed.
Cleveland & Marietta— Pennsylvania.—Official announce Georgia,
Mil waul (> Street Railway,—The Milwaukee Street Rail
e
ment is made this week that the Penn. Co. has purchased about
two-thirds of the capital stock of the Cleveland & Marietta way Co, has acquired title to the Milwaukee Electric Street
Railway, and now owns and controls all the street railways
Railway Company* together with a large tract of coal land
immediately contiguous thereto, and located in what is known in the city of Milwaukee. The North American Company o
as the Cambridge Coal Field of Ohio. The road will be con has a large interest in this property.
solidated wiih the Toledo Walliondmg Valley & Ohio, whose
Minneapolis & St. Louis.—Notice is given that the fol
general i 1, per cent bonds will be issued in payment for the lowing coupons from the several series of bonds of the
newly-acquired property, as stated in the Chronicle issue of Minneapolis & St, Louis Railway Company will be paid with
October 28,
accrued interest at six per cent to Dec. 1,1893, upon presenta
Cleveland Akron & Columbus.—The foreign bondholders tion at. the Nat, BaDk of North America, New York: Merhave begun proceedings in the United States Court at Colum riatn Junction and Albert Lea, due Dec, 1, 1893; Iowa Exten
bus to r> -train the issue of bonds under the $4,000,000 consul, sion, due Dec., 1890, June and Dee,, 1891; consolidated, due
Jan. 1, 1809: improvement and equipment, due Jan. 1, 1890.
mortgage recently authorized,
Mtrriam Junction & Albert Lea coupon No. 32, due June
Cleveland Cincinnati Chicago < St. Louis—Chicago &
fc
Eastern Illinois,—The report, that the Cleveland Cincinnati 1st, 1893, is not paid, payment having been prevented by gar
Chicago A; Bt. Louis Railroad has an option for the purchase nishment in an action brought against the bondholders under
of the Chicago & Eastern Illinois is not correct. There have the Fanners’ Loan & Trust Co, mortgage for attorney’s fees.
Northern Pacific.—The December coupon on the Duluth
been discussions for a union of the two system?, but no agree
ment. bus been reached. The terminals of the C, & E, 1, in & Manitoba bonds went to default in common with the inter
Chicago and Ihe approach to that (Sty would be acquisitions est on all the branch line bon Is, though a report was first
current that this coupon would be paid,
of value S the “ Big F our/’
ot
980
THE CHHONICLE.
Oregon Railway & Navigation.— A meeting of the Ger
man bondholders of this company was held in Berlin
on the 6th inst. The meeting was called on account of the
non-payment of the December coupon, as the Union Pacific
receivers had informed the German bondholders that they
were not authorized to provide for the payment. The meet
ing was convened by the Deutsche Bank and some §3,000,000
of bonds were represented at the meeting. Herr Siemens of
the Deutsche Bank and Dr. Barth read a long report on the
situation, which said that the fact that the December coupons
would not be paid was nothing to frighten the bondholders, as
the O .R . & N. was commercially in a happy position, as it was
the Union Pacific’s only outlet to the coast. It was added
that the character of the country forbids a parallel line and
that the traffic of the Oregon Railway & Navigation Com
pany can never be taken away from it. The report said, how
ever, that it might possibly be found for the interests of the
■German bondholders to make the Oregon Railway & Navi
gation an independent company and in a position to make
arrangements with the Northern Pacific and Central Pacific,
whichever was the most advisable. The meeting approved the
report and elected a committee, composed of the following
bankers, Herrs Siemens, Heleft, Altmann, Happensteadt and
Ahormez Oswald, to represent their interests, with full power
to act. The bonds were deposited in the Deutsche Bank.
A t a meeting of the minority stockholders in Boston,
Friday, a committee was appointed to confer with any com
mittee of bondholders that might be appointed.
VOL. LVII,
C. H. Haskins, Mr. Arthur Lincoln is Secretary, 88 Brotd
Street, New York.
Toledo I’ eoria & W estern— Pennsylvania.— It is reported
that the Pennsylvania Railroad Company has purchased a
controlling interest in the capital stock and also a large
amount of the bonds of the Toledo Peoria & Western Rail
way Company.
This purchase (if completed) extends the
system of the Pennsylvania Railroad to important points on
the Mississippi River.
No official announcement has yet
been made.
Union Pacific.—The Court has granted the application of
the receivers to pay back coupons which had not been called
for from Oct. 1, 1887, to Oct. 1, 1893, aggregating in amount
about $296,305. It is also stated that the Court has granted, or
willeoongrant, permission to pay the November coupons on the
Kansas Pacific consols, the Denver extension bonds, the Cen
tral branch 7s, the Atchison & Pike’s Peak bonds, the bonds of
the Union Pacific Coal Company, and the November instal
ments of interest on the callateral trust notes; also the Kansas
Pacific Middle division coupons due Dee. 1.
Union Pacific Denver & G n lf.— Judge Hallett, in the United
States Circuit Court of Denver, announced that he would ap
point an independent receiver for the Union Pacific Denver &
Gulf Railroad Co. in accordance with the peti'i m of ex-Governor Evans. W hen the first receivers of the Union Pacific
system were appointed Mr. Evans filed his petition asking that
a receiver not connected in any way with the Union Pacific
Philadelphia & Reading.— The Philadelphia Ledger on the company be appointed for the Gulf road. In support of his
4th said: “ The petition of the receivers of the Philadelphia & petition he filed a suit, based on the agreement of consoli
Reading Railroad Company asking the Court to authorize dation entered into in April, 1890, when all the Colorado
them to make a new contract with the Finance Company of branches of the Union Pacific were consolidated under the
Pennsylvania, was referred by Judge Dallas to Special Master corporate name of the Union Pacific Denver & Gulf Railroad.
Crawford. In Dec., 1892, a contract was made between the
Utah Central.— The Central Trust Company of New York
Reading and the Finance Company, under which the latter
became the mercantile agent of the Coal & Iron Company, filed an application in the District Court, Salt Lake City, ask
and advances were made on security of coal, coal accounts, ac ing for the appointment of receivers for the Utah Central
ceptances, money and property of the Coal & Iron Company. Railway. The railway company’s attorney consenting, the
Last February the Finance Company was in possession of the Court appointed as receivers James McGregor, present General
property so pledged for upwards of §1,000,000. In the peti Manager of the road, and Clarence Cary, an attorney of New
tion presented on Saturday it was stated that protracted York, representing the Trust Company.
negotiations have taken place for an increase of the advances
W estern New York & Pennsylvania.— The reorganization
to $3,000,000, and it was explained that, as there will be no plan of this railroad company, which has not yet been
additional compensation paid for the increased advances, it made public, will provide for a reduction in the out
will be to the benefit of the Reading to make the new con standing funded debt of about $5,400,000, and a reduction in
tract.”
fixed interest of some $400,000. The capital -took will also be
The petition of the receivers was approved by George L. reduced from $30,000,000 to $20,000,000. The stockholders
Crawford, Special Master, and the order granted by Judge will be called upon to pay an assessment of §3 50 per share,
Dallas.
and give up 25 per cent of their holdings in stock of a par of
The Philadelphia & Reading Railroad has filed a statement $100; but as the new stock to be issued is to be of a p tr of $50,
with the Secretary of the Philadelphia Stock Exchange show the result will be that each stockholder depositing 100 shares
ing the amount of its capital stock to be $40,141,330, which is and paying the assessment thereon of $350 will receive in re
an increase of $310,990 over last year. The difference is turn therefor 150 shares of new s t ck of $50 par, and, in addi
caused by the conversion of third preference income bonds tion, each 100 shares so deposited will receive $1,250 in new
into stock.
income mortgage bonds.
The new generals will bear 2 per cent for four years from
Richmond & D anville.— There was not a quorum of stock
represented at the Richmond & Danville Company’s meeting April, 1893, then 3 per cent for four years, and 4 per cent there
after. The old 2d mortgage bondholders are to receive 50 per
in Richmond and it was adjourned until February 7th.
cent in new generals, 25 per cent in incomes and 25 per cent
St. Louis A lto n & Terre H a u te .- It is stated that Messrs. in stock. The convertible income scrip will take 50 per cent
Drexel, Morgan & Co. have purchased a block of Cleveland in incomes and 5 percent in new generals; the non-convertible
Cincinnati Chicago & St. Louis 100-year general fours from income scrip 50 per cent in stock.
the St. Louis Alton & Terre Haute RR. Company, which
The committee of reorganization consists of Isaac N. Seligwith other funds will provide that company with means to pay man, Chairman; Gustav E. Kissell, C. E. Bretherton, Carl
off the $6,700,000 of first and second mortgage 7 per cent Jaeger, Geo. E. Bertol, N. Thouron and S. G. DeCoursey.
bonds maturing July 1, 1894. This would leave the company
W hen the company is reorganized the securities outstanding
without any mortgage upon its property or rolling stock on will be:
July 1, 1891, and owning marketable bonds of other com First mortgage bonds, say............................................................... $ 9 ,2 00,000
panies the value of which is said to be more than $600,000 Warren & Franklin bonds........... ................... ................... . . . . . . .
8 00,000
General mortgage bonds................................................................... 1 0 ,0 00,000
in excess of the current indebtedness of the company.
Non-cmnulative 5 per cent income mortgage bonds............ XO.oOO.OOO
There is $1,170,400 of preferred stock bearing 7 per cent, C a p italstock .......................................................................
20,000,000
which is accumulative, and on which there are accrued
$50,000,000
arrears of dividends unpaid w hxli will aggregate on Decem
ber 31, 1893, 58kj per cent. This accumulation has been
caused by the use of the net earnings in purchase of new
— It is stated that the 5 per cent first mortgage trust gold
equipment, stone ballasting the principal trunk stem of 70
bonds of the United States Mortgage Company, which are a
miles and laying 70-lb. steel on same.
direct obligation of the company, additionally secured by
Savannah Florida & W estern .—A report from Savannah first moitgage on improved real estate deposited with theNew
states that this company has executed a mortgage covering all York Guaranty & Indemnity Company of New York as trus
^ /its lines and equipments to tbeCentral Trust Go. of New York, as tee,'are selliog very satisfactorily. It is stated that the price
trustee, to provide for an issue of $20,000,000 consolidated first of present issue, which has been par and interest, will shortly
mortgage gold-bearing 5 per cent bonds, interest payable be advanced, and that the next issue of such bonds will be at
semi-annually, maturing in April 1943. The object of the the rate of 4
per cent.
issue is to consolidate all the company’s indebtedness and to
— A block of the Chesapeake & Ohio general 4% per cent
create a contingent fund for the purchase of any other con
necting or adjoining line which the directors m ay see fit to bonds which have been held here for some time (not by the
company) have just been sold in Amsterdam.
The recent
acquire.
election of Mr. C. M. Depew on the C. & O. board of directors
Spokane & Palonse.— The undersigned have been ap gives a new representative there of the Vanderbilt interest.
pointed by the first mortgage bondholders as a committee to
— Northern Pacific RR. Co. first, second and third mortgage
protect and enforce the rights of all bondholders uniting for
that purpose, and to insure a sound administration of the bondholders are requested by advertisement in another col
umn to send their addresses and holdings to Messrs. J. M.
railroad property.
Bondholders are invited to send at once to the Chairman or Noyes & Co., No. 80 Broadway, New York.
Secretary their addresses with the amount of their respective
— The Bank of Buffalo has issued a neat card showing at a
holdings. The form of bondholders’ agreement is in prepa glance the holiday dates for 1894 in the State of New York.
ration and will soon be ready for submission.
— Attention is called to several important issues of bonds
For this road of the Northern Pacific system the following
committee has been appointed to represent first mortgage offered for sale by Messrs. Kidder, Peabody & Co., Boston.
— Messis Reed & Flagg offer in another column a choice
bondholders, viz.: Messrs. George R. Sheldon, Chairman; Ed
ward N. Gibbs, R. B D dson, Evans R. Dick, W m . Blodget, list < f investment securi les.
THE CHRONICLE.
D ecember 9, 1893.]
jRepovls and docum ents.
P R E S ID E N T ’S
M E S S A G E
A N D
R E P O R T S .
W e give brief extracts from these annual Documents. First
are subjoined the more striking paragraphs from the Presi
dent’s Message.
P R E S ID E N T S
M ESSAGE.
9H
intervention. With a view of accomplishing this result within
the constitutional limits of executive power, and recognizing
all our obligations and responsibilities growing out of any
changed conditions brought about by our unjustifiable inter
ference, our present Minister and “Honolulu has received
appropriate instructions to that end. Thus far no information
of the accomplishment of any definite results has been received
from him.
Additional advices are soon expected. When received they
will be promptly sent to the Congress, together with all other
information at hand, accompanied by a special executive
message fully detailing all the facts necessary to a complete
understanding of the case, and presenting a history of all the
material events leading up to the present situation.
Tiie suggestions of the President with reference to the use
o f the official residence o f our Representatives in foreign
countries by offenders against ioca! law, his statement of the INTERNATIONAL ARBITRATION AND RELATIONS WITH GREAT
present relations of the United States with Hawaii and
BRITAIN.
Samoa, and hit views and commendations on the currency,
The questions affecting our relations with Great Britain
finances, tariff legislation, etc., areas follows :
have been treated in a spirit of friendliness.
Negotiations are in progress between the two Governments
RIGHT OF ASYLUM.
with a view to such concurrent action as will make the award
The vexatious question of so-called legation asylum for and regulations agreed upon by the Bering Sea Tribunal of
offenders against the State and its laws was presented anew Arbitration practically effective*; and it is not doubted that
in Chili by the unauthorized action of the late United States Great Britain will cooperate freely with this country for the
Minister in receiving into his official residence two persons accomplishment of that purpose.
who had just failed in an attempt at revolution and against
The dispute growing out of the discriminating tolls imposed
whom criminal charges were pending growing out o f a form in the Welland Canal upon cargoes of cereals bound to and
er abortive disturbance. The doctrine of asylum as applied from the Lake ports of the United .States was adjusted by the
to this case is not sanctioned by the best precedents, and, when substitution of a more equitable schedule of charges, and my
allowed, tends to encourage sedition and strife. Under no predecessor thereupon suspended his proclamation imposing
circumstances can the representatives of this Government be discriminating tolls upon British transit through our canals.
permitted, under the ill-deflued fiction o f extraterritoriality,
A request for additions to the list of extraoitable offenses
to interrupt the administration of criminal justice in the covered by the existing treaty between the two countries i
countries to which they are accredited. A temperate demand under consideration.
having been made by the Chilian Government for the correc
*
*
*
*
*
*
*
*
tion of this conduct m the instance mentioned, the Minister
By a concurrent resolution, passed by the Senate February
was instructed no longer to harbor the offenders.
11, isoo, and by the House of Representatives on the third o f
RESTORATION OF ORDER IS SAMOA,
April following, the President was requested “ to invite, from
Led by a desire to compose differences and contribute to the time to time, as fit occasions may arise, negotiations with any
overnment with which the United States has or may have
restoration of order in Samoa, which for some years previous
iplomatic relations, to the end that any differences or dis
had been the scene of conflicting foreign pretensions and
native strife, the United States, departing from its vxilicy con putes arising between the two governments which cannot be
secrated by a century of observance, entered four years ago adjusted by diplomatic agency may be referred to arbitra
into the treaty of Berlin, thereby becoming jointly bound with tion and tie peaceably adjusted by such mea-,s.” April 18,
England and Germany to establish and maintain Malietoa 1890, the International American Conference of Washington
Laupepa as King of Samoa. The treaty provided for a foreign by resolution expressed the wish that all controversies between
court of justice ; a municipal council for the District of Apia, the republics of America and the nations of Europe might be
with a foreign President thereof, authorized to advise the settled by arbitration, and recommended that the Government
King ; a tribunal for the settlement of native and foreign land of each nation represented in that conference should commun
titles, and a revenue system for the Kingdom. It entailed icate this wish to all friendly powers. A favorable response
upon the three powers that part o f the cost of the new Gov has been received from Great Briiain in the shape of a resolu
tion adopted by Parliament July 16 last, cordially sympathiz
ernment not met by the revenue of the islands.
Early in the life of this triple protectorate the native dis ing with the purpose io view, and expressing the hope that Her
sensions it was designed to quell, revived. Rivals defied the Majesty's Government will lend ready cooperation to the
authority of the new King, refusing to pav taxes and de Government of the United States upon the basis of the con
manding the election of a ruler by native suffrage. Mataafa, current resolution above quoted.
It affords me signal pleasure to lay this Parliamentary reso
an aspirant to the throne, and a large number of his native
adherents were in open rebellion on one of the islands. Quite lution before the Congress and to express my sincere gratifica
tion that the sentiment of two great and kindred nations is
lately, at the request of the other powers, and in fulfillment
of its treaty obligation, this Government agreed to unite in a thus authoritatively manifested In favor o f the rational and
joint military movement of such dimensions as would prob peaceable set tlement of international quarrels by honorable
ably secure the surrender of the insurgents without bloodshed. resort to arbitration.
The war ship Philadelphia was accordingly put under orders
DELAY IN CURRENCY LEGISLATION.
for .Samoa, but before she arrived the threatened conflict was
'Die recent repeal of the provision of law requiring the pur
precipitated by King Maiietoa’s attack upon the insurgent
camp. Mataafa was defeated and a number of his men chase of silver bullion by the Government as a feature of our
killed. The British and German naval vessels present subse monetary scheme has made an entire change in the com
quently secured the surrender of Mataafa and his adherents. plexion of our currency affairs. I do not doubt that the ulti
The defeated chief and ten of his principal supporters were mate result of this action will be most salutary and far-reach
deported to a German island of the Marshall group, where ing. In the nature of things, however, it is impossible to
they are held as prisoners under the joint responsibility and know at this time precisely what conditions will be brought
about by the change, or what, if any, supplementary legisla
cost of the three powers.
This incident and the events leading up to it signally illus tion may, in the light of such conditions, appear to be essen
trate the impolicy of entangling alliances with foreign tial or expedient. Of course, after the recent financial per
turbation, time is necessary for the re-establishment of busi
powers,
ness confidence. When, however, through this restored con
THE HAWAAIAN QUESTION.
fidence, the money which has been frightened into hoarding
It is hardly necessary for me to state that the questions places is returned to trade and enterprise, a survey of the
arising from our relations with Hawaii have caused serious situation will probably disclose a safe path leading to a per
embarraament, Just prior to the installation of the present manently sound currency, abundantly sufficient to meet every
Administration the existing government of Hawaii had been requirement of our increasing population and Business.
In the pursuit of this object we should resolutely turn away
suddenly overthrown, and a treaty of annexation had been
negotiated between the provisional Government of the islands from alluring and temporary expedients, determined to be
and the United States, and submitted to the Senate for ratifi content with nothing less than a lasting and comprehensive
cation.
Tfiis treaty I withdrew for examination, and financial plan. In these circumstances, I am convinced that
dispatched the Hon, James H, Blount of Georgia to Honolulu a reasonable delay in dealing with this subject, instead o f
as a special commissioner to make an impartial investigation being injurious, will increase the probability of wise action.
The Monetary Conference which assembled at Brussels upon
of the circumstances attending the change of government,
and of all the conditions bearing upon the subject of the treaty. our invitation was adjourned to the 80th day of November in
After a thorough and exhaustive examination, Mr. Blount the present year. The considerations just stated and the fact
submitted to me his report, showing beyond all question that that a definite proposition from us seemed to be expected upou
the constitutional government of Hawaii bad been subverted the. reassembling of the Conference led me to express a will
with the active aid of onr representative to that Government, ingness to have the meeting still further postponed.
It seems to me that it would be wise to give general author
and through the intimidation caused by the presence of an
armed naval force of the United States, which was landed for ity to the President to invite other natious to such a confer
that purpose at the instance of our Minister. Upon the facts ence at any time when there should be a fair prospect of ac
developed it. seemed to me the only honorable course for our complishing an international agreement on the subject of
Government to pursue was to undo the wrong that had been coinage.
done by those representin*r us. and to restore, as far as prac
I desire also to earnestly suggest the wLdorn of amending
ticable,' the status {existing at the time of our forcible the existing statutes in regard to the issuance of Grvernment
THE CHRONICLE.
982
bonds. The authority now vested in the Secretary of the
Treasury to issue bonds is not as clear as it should be, and the
bonds authorized are disadvantageous to the Government
both as to the time of their maturity and rate of interest.
PENSION PAYMENTS.
The Secretary of the Interior has the supervision of so many
important subjects that his report is of especial value and in
terest.
On the 30th day of June, 1893, there were on the pension
rolls 966,012 names, an increase of 89,914 over the number on
the rolls June 30, 1892. Of these there were 17 widows and
daughters of Revolutionary soldiers, 86 survivors of the W a r of
1812, 5,425 widows of soldiers of that war, 21,518 survivors
and widows of the Mexican W a r, 3,882 survivors and widows
of Indian wars, 284 army nurses, and 475,645 survivors and
widows and children of deceased soldiers and sailors of the
W a r of the Rebellion. The latter number represents those pen
sioned on account of disabilities or death resulting from army
and navy service. The number of persons remaining on the
Tolls June 30,1893, who were pensioned under the act of June
27, 1890, which allows pensions on account of death and dis
ability not chargeable to army service, was 459,155.
The number added to the rolls during the year was 123,634,
and the number dropped was 33.690. The first payments ou
pensious allowed during the year amounted to $33,756,549 98.
This includes arrears, or the accumulation between the time
from which the allowance of pension dates and the time of
actually granting the certificate.
Although the law of 1890 permits pensions for disabilities
not related to military service, yet as a requisite to its benefits
a disability must exist incapacitating applicants “•from the
performance of manual labor to such a degree as to render
them unable to earn a support.” The execution of this law in
■its early stages does not seem to have been in accord with its
true intention; but toward the close of the last Administration
an authoritative construction was given to the statute, and
since that time this construction has been followed. This
has had the effect of limiting the operation of the law to its
.intended purpose. The discovery having been made that
many names had been put upon the pension roll by mtaus of
wholesale and gigantic frauds, the Commissioner suspended
payments upon a number of pensions which seemed to be
fraudulent or unauthorized pending a complete examination,
.giving notice to the pensioners, io order that they might have
an opportunity to establish, if possible, the justice of their
claims notwithstanding apparent invalidity.
This, I understand, is the practice which has for a long
time prevailed in the Pension Bureau ; but after entering up
on these recent investigations, the Commissioner modified
this rule so as not to allow, until after a complete examina
tion, interference whit the payment of a pension apparently
not altogether void, but which merely had been fixed at a
xate higher than that authorized by law.
I am unable to understand why frauds in the pension rolls
should not be exposed and corrected with thoroughness and
vigor. Every name fraudulently put upon these rolls is a
wicked imposition upon the kindly sentiment in which pen
sions have their origin; every fraudulent pensioner has be
come a bad citizen ; every false oath in support of a pension
has made perjury more common, and false and undeserving
pensioners rob the people not only of their money, but of the
patriotic sentiment which the survivors of a war fought for
the preservation of the Union ought to inspire. Thousands
of neighborhoods have their well-known fraudulent pensioners,
and recent developments by the Bureau establish appalling
conspiracies to accomplish pension frauds. B y no means t ie
least wrong done is to brave and deserving pensioners, who
certainly ought not to be condemned to such association.
Those who attempt in the line of duty to rectify these
wrongs should not be accused of enmity or indifference to the
claims of honest veterans.
The sum expended on account of pensions for the year
ending June 30, 1893, was $156,740,467 14.
The Commissioner Estimates that $165,000,000 will be re
quired to pay pensions during the year ending June 30, 1894.
[V ol. LVII.
duties and taxation as the emergencies of our Government
actually demand.
Manifestly, if we are to a il the people directly through
tariff reform, one of its most obvious features should be a re
duction in present tariff charges upon the necessaries of life.
The benefits of such a reduction would be palpable and sub
stantial, seen and felt by thousands who would be better fed
and better clothed and better sheltered. These gifts should
be the willing benefactions of a government whose highest
function is the promotion of the welfare of the people.
Not less closely related to our people’s prosperity and well
being is the removal of restrictions upon the importation of
the raw materials necessary to our manufactures. The world
should be open to our national ingenuity and enterprise. This
cannot
be
while Federal legislation, through the im
position of high tariff, forbids to American manufacturers as
cheap materials as those used by their competitors. It is quite
obvious that the enhancement of the price of our manufac
tured products resulting from this policy not only confines the
market for these products within our own borders, to the direct
disadvantage of our manufacturers, but also increases their
cost to our citizens.
The interests of labor are certainly, though indirectly, in
volved in this feature of our tariff system. The sharp compe
tition and active struggle among our manufacturers to supply
the limited demand for their goods soon fill the narrow market
to which they are confined.
Then follows a suspension
of work in mills and factories, a discharge of employees,
and distress in the homes of our workingmen.
Even if the often disproved assertion could be made good
that a lower rate of wages w ou li result from free raw mate
rials and low tariff duties, the intelligence of our workingmen
leads them quickly to discover that their steady employment
permitted by free raw materials is the most important factor
in their relation to tariff legislation.
A measure has been prepared by the appropriate Congress
ional committee embodying tariff reform on the lines herein
suggested, which will be promptly submitted for legislative
action. It is the result of much patriotic and unselfish work,
and I believe it deals with its subject consistently and as
thoroughly as existing conditions permit.
I am satisfied that the reduced tariff duties provided for in
the proposed legislation, added to existing internal-revenue
taxation, will, in the near future, though perhaps not
immediately, produce sufficient revenue to meet the needs of
the Government.
The Committee, after full consideration, and to provide
against a temporary deficiency which may exist before
the business of the country adjusts itself to the new tariff
schedules, have wisely embraced in their plan a few additional
internal revenue taxes, including a small tax upon incomes
derived from certain corporate investments.
These new assessments are not only absolutely just and
easily borne, but they have the further merit of being such as
can be remitted without unfavorable business disturbance
whenever the necessity of their imposition no longer
exists.
In m y great desire for the success of this measu:e I cannot
restrain the suggestion that its success cau only be attained
by means of unselfish counsel on the-part of the friends of tariff
reform and as a result of their willingness to subordinate
personal desires and ambitions to the general good. The local
interests affected by the proposed reform are so numerous
and so varied that if all are insisted upon the legislation em
bodying the reform must inevitably fail.
In conclusion, my intense feeling of responsibility impels
me to invoke for the manifold interests'of a generous and
confiding people the most scrupulous care and to pledge m y
willing support to every legislative effort for the ad
vancement of the greatness and prosperity of our beloved
country.
GROVER C LE V E LA N D .
Executive Mansion, Washington, Dec. 4, 1893.
CO M PTRO LLER OF
THE
C U R R E iV C F S R E P O R T .
TARIFF LEGISLATION,
A s the usual tables heretofore given in the Comptroller’s
After a hard struggle tariff reform is directly before us.
Nothing so important claims our attention, and nothing so report are not issued with the early edition, we are unable to
clearly presents itself as both an opportunity and a duty— au insert them here and only make brief extracts from the
opportunity to deserve the gratitude of our fellow-citizens and text.
a duty imposed upon us by our oft-repeated professions and
G R O W T H OF T H E N A T IO N A L B A N K IN G SYSTE M .
by the emphatic mandate of the people. After full discussion,
our countrymen have spoken in favor of this reform, and they
The records of the Bureau show that at the close of the
{/h a ve confided the work of its accomplishment to the hands of year the total number of national bauks in active operation
those who are solemnly pledged to it.
was 3,796, with an authorized capital stock of $895,558,129,
I f there is anything in the theory of a representation in represented by 7,450,000 shares, held by 300,000 snarepublic places of the people and their desires, if public officers holders.
are really the servants of the people, and if political promises
On October 3, the date of thsir last report of condition, the
and professions have any binding force, our failure to give total resources of the 3,781 banks then in operation was $3,. the relief so long awaited will be sheer recreancy. Nothing 109.563,284 36, of which their loans and discounts aggregated
should intervene to distract our attention or disturb our effort $1,830,667,349 07, and money of all kinds in bank $369,862,until this reform is accomplished by wise and careful legisla 636 97. Of their liabilities $1,451,124,330 50 represented indi
tion.
vidual deposits, $339,158,447 54 surplus and undivided profits,
W h ile we should staunchly adhere to the princple that only and $182,959,725 90 circulating notes outstanding. The total
the necessity of revenue justifies tn eimposition ot tariff duties amount of circulation of national banks October 31, as shown
and other Federal taxation, and that they should be limited by the books of the office, was $209,311,993, a net increase
by strict economy, we cannot close our eyes to the fact that during the year of $36,889,972.
conditions have grown up among us which in justice and fair
Comparing their aggregate resources or liabilities on
ness call for discriminating care in the distribution of such October 3, 1893, with those of September ,30, 1892,
December 9. 1893.]
THE CHRONICLE.
t is found they were $403,531,613 less, being but $3.109,563.284 on the former date as against $3,510,094,397 on the latter, the highest point ever reached in the history
of the national-bank st stem. This unparalleled shrinkage in
liabilities is accounted for by a decrease between the dates
mentioned in the following items, viz : Capital stock $8,032,677, individual deposits $314,298,633, and bank and bankers’
deposits $181,833,125. An increase is shown in circulation
outstanding to the gross amount of $40,775,165, in liabilities
oi all kinds for money hoirowed $54,464,628, and in surplus
and unvivided prefhs $9,701,265.
Not less marked is the decrease in the items making up the
resources of the banks. It shows as follows: Loans and dis
counts, $3-7,406,9.6; stocks, securities, &c.. $5,965,564. and
due from oanks and banker*. $132,054,654. Cash of ail kinds
on hand increased $30,968,606, including $8,410,815 in gold,
and United S a b s bonds held for all purposes increased $40,601.250. These figures illustrate the far-reaching effect of the
year’s flrianciel depression and show that when pat ic-suicken
depositors « i hilrew their money the banks of necessity, to
meet the sudd, n a^d extraordinary demands made upon
them, called in their 1 ans aDd discounts, supplementing3uch
amounts by borrowed money and the additional circulation
which they w» re able to procure from the Government
through a <lep»sit of bonds as security therefor.
During the year 119 banks were organized in thirtytwo States
and
Territories,
with a capital stock of
$11,230,000. Ol these 44, with a capital stock r f $5,135,010, are
located in the Eastern States, 41 west of the Mississippi River,
with a capital strck of $2,340,100, and 34 in the Central and
Southern Siatee, with a capital stock of $3,755,000.
The number of banks whose charters were extended was 40,
distribu'ed throughout twentv-flve States, with a capital
stock of $5,046,000, and circulation to the amount of $1,529,900. The chattels of 4 expired, but in each instance the
banks were succeed* d by new associations.
NATIONAL BASK SUSPENSIONS ASP FAILURES.
Within the same period 158 banks suspended, with a capital
stock of $30,800,000. Of this number, however. 80, with a
capital stock of $18,205,000, resumed business The number
which parsed into the hands of receivers was 65. with a capi
tal stock of $ !0 885.600. On October 31 seven remained in the
charge of examiners, with Drosptcts of speedv resumption.
FoTtv-six Imiks, » i 'h a capital stock $5,735,000, went into
voluntary liquidation.
By comparing the foregoing synopsis of the history of the
banks for ihe year ended Oct. 81, 1893, with that of the year
ended Oct. 31, 1893. as the same is set forth in the Co i ptroller’s Report for that year, the following changes are noted :
The m inder of tanks organized decreased 44, receiverships
increased 48, voluntary I quidations decreased 7, corporate
extensions decreased 47, and expirations of corporate exist
ence decreased 7.
The total gain in the number of active
banks was 8 and the increase of capital stock $1,689,405.
SUSPENSIONS OP NATIONAL BANKS.
In the introductory pages of this report is indicated the
number of associations ‘ ‘ whose business has been closed dur
ing the year.’’ In the appendix will be found tables giving in
detail names, location, circulation redeemed and outstand
ing, voluntary liquidations, failures and temporary suspen
sion* of binks as is required by the statute to he fjrni-hed
to Congress, together with such other facts as are necess
ary.
It does not seem essential. Dor would it be possible, to enter
into a minute statement of all the circumstances attendant
upon the cU sirg of the banks during the past year. It is suf
ficient to say that the cause which brought about the large
proportion of such suspensions was the action of depositors
who, becoming doubtful of the solvency of the hanking institions of the c< untry, withdrew their deposits. The result was
that many banks after paying out on the one hand all the
money in their vaults and failing to collect their loans on the
other, suspended and passed into the hands of the Comptroll
er. W illi a full knowledge of the general solvency of these
institutions end the cause which brought about their suspen
sion, the policy was inaugurated of giving all banks which,
under ordinary circumstances, would not have closed, and
■whose management had been honest, an opportunity to resume
business. I his policy was one which seemed to commeDd
itself to the Comptroller as proper to pursue under the circum
stances. and i' i-> believed the results have justified the experi
ment of its adoption.
In no instance has any bank been permitted to resume on
money borrowed or for which as an association it has become
liable. Whenever those active in the management of the
banks resuming, eitheras executive officers or directors, have
been debtors to such banks, their indebtedness has been paid
o r secured, and wherever impairment of capital stock has been
found, sueh impairment has been made good, either hy volun
tary or enforced assessment on the shareholders. In a num
ber of ins'ances changes have been made in the directory and
official corps o;' resuming banks. The criticism to be made
upon the management of these banks was the improper distri
bution of their loans, a circumstance which greatly retarded
the converge n of such loans into money at a time when it
was needed to avoid suspension.
Of the banks which failed to resume, many had long been
under Ihe continual criticism of this Bureau for violations of
law and imprudent methods of tanking, and the closing
983
of them was only hastened by the general condition of finan
cial affairs. Some failed because of criminal acts on the part
of the officials in charge and others because of a lack of
proper appreciation of the purposes of a bank.
An analysis of the suspensions and failures which occurred
shows that during the year 158 national banking associations,
as heretofore stated, were compelled to suspend business,
being 4 ‘09 per cent of the number of existing associations.
Their capital stock aggregated $30,300,000, or approximately
4 3 per cent, of the paid-in capital stock of all the banks in the
system.
Of the banks which susoended 65, or 41 ‘ 14 per cent, with a
total capital stock of $10,885,000, were insolvent, and required
the appointment of receivers ; 86, or 54‘43 per cent, with a
capital stock aggregating $18,205,000, were able to resume
business and 7, or 4 ‘43 per cent, with a capital stock of $1,210,000, were placed in charge of examiners in the expectation of
resumption. Of the suspended banks two were located m the
New Eogland States, both in New Hampshire, with a total
capital stock of $250,000, for each of which a receiver was ap
pointed.
In the Middle States there were three suspensions : two in
New York, with a total capital stock of $500,000, and one in
Pennsylvania, with a capital stock of $50,000. Those in New
York were placed in the hands of receivers, and the one in
Pennsylvania in charge of an examiner pending proposed re
sumption.
There were 38 suspensions in the Southern States, the capi
tal stock involved aggregating $8,765,000. Of these, 19, with
a total capital stock of $5,630,000, resumed business, and the
same number, with a total capital stock of $3,135,000, failed.
In this geographical division, Texas furnished the greatest
number of suspensions, Damely 12, with a total capital stock
of $1,480,000, of which 6, with a total capital st ick of $130,000,
resumed busiuess, aud the remainder, capitalized to the
amount of $1,050,000, failed. There were 6 suspensions in
Kentucky and the same number in Tennessee. The total capi
tal stock of those in Kentucky was $2,300,000 and of those
in Tennessee $2,750,000. In Kentucky all the banks that sus
pended, except one with a capital stock of $50,000, were per
mitted to resume business. Two of the banks in Tennessee,
with a total capital stock of $2,000,000, resumed business, and 4
wa re plac-d in the hands of receivers. Four bank3 in Georgia
suspended and the same number in Alabama, with a total
capital stock of $675,000 and $550,000 respectively. Of these,
<ne bank in Georgia, with a capi'nl stock of $250,000, and 3 in
Alabama, with a total capital slock of $400,000, resumed busi
ness. Two banks in North Carolina suspended, with a total
capital strck of $300,000, both of which were able to resume
business, but the two which suspended in Florida, with a total
capital stock ot $150,000, n quired the appointment of receiv
er-. as did also the one in Mississippi, which had a capital stock
ef $60,000, and the one in Arkansas, with a capital Btock of
$500,000.
The Western States furnished 40 suspensions, with an ag
gregate capital stock of $10,125,000. Of these, 31 resumed
business, 17 failed, and 1 was placed in charge of an examiner
pending resumption or the appointment of a receiver. The
capital stock of the banks which resumed aggregated $6,275,000 and of those which failed $3,750,000. The greatest number
of suspensions which occurred in this section svas in Kansas,
namely 8, although the capital stock involved, $880,000, was
less than that of the banks in four other States. Four of the
banks in Kansas, with a total capital stock of $480,000, re
sumed, and three. with a capital stock of $300,000, failed. Of
the 7 banks in Indiana which suspended, 4, with a total capi
tal stock of $450,000, resumed, and 3, with a total capital
stock of $550,000, were placed in the hands of receivers. In
Iowa 6 hanks suspended, with a total capital stock of $575,000,
of which number but one failed, with a capital stock of $50,600. The same number of banks in Nebraska suspended,
three of which, with a total capital stock of $850,000, re
sumed business, and receivers were appointed for the remain
ing three, the total capital stock of which was $450,000. Five
hanks suspended in Wisconsin, with a total capital stock of
$625,000, all of which resumed business, while in Illinois there
were 4 suspensions, with a capital stock aggregating $2,150,000. All of these were placed in the hands of receivers. In
Missouri 3 banks suspended, with a total capital stock of
$1,300,000, all of which resumed. In Michigan there were the
same number of suspensions as in Missouri, but the capital
stock involved aggregated only $215,000. But one of these
banks resumed, the capital stock of which was $65,000. The
fewest suspensions which occurred in any State in this divis
ion was in Ohio, there being but 2, the aggregate capital stock
of which was $180,000. One of these banks, with a cap
ital stock of $30,000, resumed business and the other
failed.
Sixty-six banks suspended in the Pacific States and
Territories, being nearly 42 per cent of the total suspen
sions which occurred, and represent capital stock amount
ing to 35 per cent of the total capital involved.
Of
these, 36 banks, with a capital of $6,300,000, were solvent
and resumed business ; 25, with a capital stock of $3,250,000,
were placed in the hands of receivers, and 5, with a total
capital of $1,060,000, in charge of examiners pending resump
tion. The greatest number of suspensions was in Colorado,
involving the largest amount of capital stock of suspended
banks of any State in the Union, the number being 16 and
the capital $3,600,000. All of these banks resumed, except
one, the capital stock of which was $100,000. The second
984
THE CHRONICLE.1
greatest number of suspensions occured in the State of W ash
ington, 14 banks, with an aggregate capital stock of §1,735,000.
Of this number 4, with a capital stock of §425,000, resumed ;
3, with a capital stock of $510,000, were placed in charge of
examiners pending resumption, and 7 failed. The suspensions
in Montana numbered 10, and their capital stock amounted to
$1,875,000.
Of these, 2, with a capital stock of $300,000,
resumed, and 7,
with
a capital stock of $1,075,000,
were placed in charge of receivers. Six suspensions oc
cured in Oregon, and the same number in California,
the aggregate
capital stock represented being $800,000 and $1,200,000, respectively. There was but one
failure in each State, the capital stock in the case of the
Oregon bank being $100,000 and that of the California bank
$250,000. There were 3 suspensions in Utah, 3 in North
Dakota and 3 in South Dakota. The three banks in Utah,
with a capital stock aggregating $250,000, resumed business,
while the three in North Dakota, with a total capital stock of
$400,000, failed. Two of the banks in South Dakota, with a
total capital.stock of $100,000, were placed in the hands of re
ceivers, and one, with a capital stock of $125,000, resumed.
Two suspensions occurred in W yom ing and the same number
in New Mexico. One bank in W yom ing, with a capital stock
of $200,000, resumed, and one, the capital stock of which was
$50,000, failed. Of the banks in New Mexico, one, with a
capital stock of $175,000. tailed, and the other, with a capital
stock of $50,000. was placed in the hands of an examiner
pending resumption or the appointment of a receiver. The
only other suspension in this geographical division occurred
in Oklahoma, being that of a bank with a capital stock of
$50,000, which, being solvent, resumed.
CLEARING-HOUSE LOAN CERTIFICATES.
The unprecedented condition of the money market from
June to September called for extraordinary remedies, not
only to avert general disaster to the banks but to prevent
commercial rum. This remedy was the issuing of ClearingHouse loan certificates, which were brought into use as in
1873, 1884, 1890-91, by the associated banks of New York,
Boston, Philadelphia, Baltimore, and other cities where
needed. The service rendered by them was invaluable, and
to their timely issuance by the associated banks of the cities
named is due the fact that the year’s record of suspensions
and failures is not greatly augmented.
The form of these certificates, with the conditions under
which they were issued in 1890-91 (the form and conditions
being the same during the late issuance of them as then), is
described at length in the Comptroller’s Annual Report for
1891. The matter is alluded to again only because it consti
tutes a very important part of the year’s banking history, and
for the additional reason that here and there are to be found
those who entertain an entirely erroneous idea of the purpose
for which these certificates were issued and what was accom
plished by their issuance.
Briefly stated, they were temporary loans made by the
banks associated together as a clearing-house association, to
the members of such association, and were available to such
banks only for the purpose of settling balances due from and
to each other, these balances under normal conditions of
business being always settled in coin or currency. Each
clearing-house association selected a committee charged with
the issuing of the certificates to each bank desiring the same,
such bank being required before receiving them to deposit
with the committee its bills receivable, or other securities, as
collateral for the loan. The amount of certificates issued to
each bank was limited to 75 per cent of the value o f the
securities deposited. They bore interest at rates varying from
6 to 7 3-10 per cent. Immediately upon their surrender to
the committee they were canceled and the securities held
acs ollateral were returned to the bank depositing the
same.
A t a time when vast sums of coin and currency were being
withdrawn from the banks, to be hoarded, these loan certifi
cates, by performing the functions of the currency or coin
customarily required fo» settling at the clearing-house daily
balances, released so much currency or coin to the legitimate
and current demands of business and unquestionably placed
it within the power of the banks in the cities named to extend
to outside banks the aid needed on the one hand and liberally
granted on the other. In no instance were these certificates
designed to, nor did they, circulate as money. They were but
due-bills and their sole function consisted in discharging the
single obligation at the clearing-house. An attempt on the
part of a bank in any of the associations issuing these certifi
cates to use them otherwise would have incurred a fine and
and other penalties provided in the rules governing such
associations. Their issuance at so early a date in the financial
derangement of the country was most opportune in not only
preventing an acute panic, but in tending to restore public
confidence, such action demonstrating that by mutual agree
ment of all. the weak banks of the association would be, so
far as depositors and other creditors were concerned, as Btrong
as the strongest.
In inaugurating the issuing of certificates so promptly and
in issuing them to so large an amount, the Clearing-house
Association of New York, in particular, rendered the country
great service, and the associated banks of that city are en
titled to the credit which the public generally accords them.
The following figures, showing the movement and amount
of the issue of loan certificates in 1893 in tne cities named,
will indicate the measure of relief afforded by th em :
D a te o f
issu e o f
first certittcate.
N e w Y o r k ...J u n e 21
P b il’p h ia ...J u n e 16
B osto n ............J un e 27
B a ltim o r e .. ..J u n e 27
P i t t s b u r g .... A u g . 11
T o t a l.......................
[V ol, LVIL
D ate o f largest
am ou n t o u tstanding.
A u g . 29 to S ept. 6
Aug.
15
A u g . 23 to S ep t. 1
A u g . 24 to Sept. 9
Sept. 15
D ate o f
su rre n der o f
la stc e r
tificate.
Largest
a m ou n t o u tstanding.
838,280,000
10,965.000
11,445,000
1,475,000
987,000
Am ount
ou tsta n d ing O c t.3 1.
N ov. 1
$3,835,000
O ct. 20
845.000
332.000
63,152,000
The issue of loan certificates in 1893 greatly exceeded that
of previous years. In 1873 and 1884 they were issued only by
the New York Clearing-House Association, the total amount
issued in 1873 being $26,565,000 and in 1884 §24,915,000.
In 1890-91 they were issued in New York, Boston and
Philadelphia, the largest amounts outstanding at any time
being as follow s:
D a te o f first
issu e.
N ew Y o r k ..............................................................N o v . 1 2 ,1 8 9 0
B o sto n ........................................................................ N o v . 19,1890
P h ilad e lp h ia............... ......................................... N o v . 19, 1890
T o t a l..........................................................................................
L argest a m o u n t o u t stand ing a t any o n e
tim e and d a te o f sam e
$15,205,000 D ec. 1 3 ,1 8 9 0 “
5,065,000 Dec. 6, 1 8 90 .,
29,140,000 Jan. 9 ,1 8 9 1
$49,410,000
CURRENCY LEGISLATION.
The Comptroller has been urged to make some specific rec
ommendation with respect to a revision of the law so far as it
pertains to the issuing of currency.
After a careful consid
eration of the question, the Comptroller is of the opinion that,,
aside from the amendments heretofore suggested, allowing
banks to issue circulating notes to an amount equal to the par
value of the bonds held to secure circulation, and abolishing
a portion of the tax on national bank circulation, the public
good will be best subserved at this time by making no radical
change in the provisions of the law.
The financial situation of the past months was not the
result cf either a lack in the volume of currency, of which
there is now a plethora, nor a want of elasticity in the present
system of issuing it, but arose from a loss of confidence on.
the part of the people in the solvency of the distinctively
monetary institutions of the country. It is worthy of noteand of serious consideration that at the very time the scarcity
of currency for business purposes was at its height, the
country’s volume of currency was increasing the most rap
idly, and the amount per capita was much larger than in any
recent years. Under the same peculiar condition of affairswhich marked the monetary situation from May to Septem
ber, no system, no matter how elastic, nor volume ot cur
rency however large, could afford relief. A s long as confi
dence is destroyed and credit wanting, money hoarding will gm
on and additional issues but add to the hoardings and give but
little, if any, actual relief. On the other hand, when confi
dence and credit abound there exists little need for an abund
ant circulating medium, because under such a condition of
affairs the amount of actual money required to trans
act the daily business affairs of. life is reduced to a
minimum.
The statistics show that the volume of business carried on
through cash transactions is on an average but 8'7 per cent,
and as the monetary conditions of the country become more
fixed and confidence in them established, cash transactions
will decrease and credit transactions correspondingly increase.
This fact is to be considered in connection with all plans hav
ing as their sole object an increase of the volume of bank
note or other paper currency, and coupled with this is the
lurtber fact that no issue is so dangerous to a people’s pros
perity as a large paper issue, unless such paper rests upon a
proper foundation, is aosolutely redeemable and convertible
into coin upon tbe demand of the note-holder, and surrounded
with every safeguard as to supervision of issue and redemp
tion.
In view of the fact that there is now a very great abund
ance of unemployed currency in the country, as is shown by
tbe daily money returns from the commercial centers, it
would seem that whatever need appeared some months since
for enlarging to any marked extent the circulating medium
has now ceased to ex ist: and therefore Congress is afforded
an opportunity of giving to the whole subject that careful
research and investigation which its importance in all of its
bearings demands. It will not do to place upon the statute
books any experimental legislation upon this subject, but
whenever a new law governing bank issues is enacted it must
be one that immediately upon going into operation shall
command
in
every respect the confidence of the
whole people and insure to them a currency as safe in every
respect as the present one, but with none of its defects.
In the meantime it is respectfully suggested that Congress,
either through a monetary commission created for such pur
pose or through the appropriate committees, obtain detailed
information of the various systems of banks of issue now in
operaiion, and also such information as is to be ascertained
from skilled students of finance and practical financiers, that
it may be able to formulate a system complete and har
monious.
*
*
*
James H. E ckels.
Comptroller of the CurrencyThe Speakei of the House of Representatives.
THE CHRONICLE.
D ecember 9, 1893.]
A T C H IS O N
T O P E K A
&
S A N T A
FE
•85
R A IL R O A D
C O M P A N Y .
TWENTY-FIRST ANNUAL REPORT—FOR THE FISCAL YEAR ENDED JUNE SO 1893.
,
Offices of the
A tchison Topeka & Santa Fa R ailroad Company,
No. 95 Milk Street, B oston, October, 1898.
7o the Stockholders of the Atchison Topeka & Santa Fe Railroad Company;
Your Directors present herein their report, embracing the operations of your Company for the Fiscal Year ended June
30,,
October
1892 Mr. Robert Harris, of New York, N. Y., succeeded Mr. O. W. Peabody, of Boston,
Mas, atd Mr. G-V.ree A. Nickerson, of Boston, Mass., was elected successor of Mr. Warren Sawyer, of Boston, Mass, but,
owing to absence in Europe,.!
1^ c e ^ e p t o S S t ^ s t . T a d b L President of your Company, died at San
t \ i ' eui t On March" T, 1893,* Mr. J. W. Reinhart was promoted from First Vice-President to the office of President by
UDa During the °year en d ed^ n e" 30, 1893, the Gross Earnings from Railway Operations, exclusively, not including revenues
from other sources, were as follows :
-Increase over Tear to J kiw 3 0 ,1 8 9 2 .
A t crage Operated
Mileage. _
Atebi-wn S ystem ....... .........- - —
-J ’iJ S
fit. Louis & San Franetsuo System..l.SbJ f l
And Net Birntnga, as follows :
Set Earnings.
Set. Earnings.
$ 9 19,909 75
28,1 7 2 97
$9 4 8 ,0 8 2 72
$1,7 1 9 23
.$ 1 6 ,0 6 5 ,5 3 8 41
Aggregated System
$ 359 15
per Mile.
$366 90
3 2 7 78
~lnc. over rear to Jnnc 30,1 8 9 2 .—
Wet Earnings.
per Mite.
$12174
14 93
Set Earnings
per Mile.
$ 1 ,6 9 9 15
1,799 80
AtobleoTi S y stem ,.......... . ------ - ........................... ..........................
354*790 8 6
St. Loui* & San Francisco S y s te m ....................................................................3 .354,
dross Earnings
$31386,430 38
5 '9 8
$ 5 ,4 2 9 21
$5 0 ,7 3 3 ,7 0 5 98
Aggroxated System................... 9,344 57
Gross
Earnings.
$ 2 ,7 7 4 ,r5 8 01
611,722 37
Acer age Oper
ated Mileage.
5-84
014
Gross Earnings
per Mile.
$5,5 2 3 12
5 ,0 5 2 28
Gross
Earnings.
Earning
$ 4 1 ,3 1 6 ,5 1 6 79
9 ,4 1 7 ,1 5 9 19
The Traffii Movement of the several properties during the year was as follows :
$ 100 41
freight Earnings.
.$•28,791,448 78
.
6.663.156 35
Atehteon System
fit. L. ft 8. T. System .
Increase.
2 34,122,817
6 9 ,2 76,403
1 ,8 4 4 ,5 8 2 0 8
$ 1 ,7 1 7 ,4 2 3 43
Increase.
$1 ,0 3 3 ,9 9 3 35
66,151 10
2,9 7 4 ,6 7 0 ,1 7 0
Passengers One Mile.
3 85,263,617
79 ,5 3 8 ,1 9 1
30 3 ,3 ^ 9 ,2 2 0
Increase.
6 8 ,3 80,961
4 ,9 29,935
.$ 1 0 ,5 6 5 ,4 1 3 80
Aggregated System .
Tons One Mile.
2.418,3 1 5 ,5 7 6
5 5 6 ,3 5 4 ,5 9 4
....$ 3 5 ,4 3 4 ,6 0 5 13
Passenger Earnings.
....... $ 8 ,7 2 0 ,S 3 1 7 2
Atchison S ystem .......
St. L A 6. F. system
-
Increase.
$1 ,2 8 2 ,7 1 3 11
434,710 32
$ 1 ,1 0 0 ,1 4 4 51
.........
Aggregated System .
7 3 ,3 10,896
4 64,806,311
o r Freight’per” mile on'the'Atchison System was 1-191 cents, a decrease of -018 cent i o n the St
The average rate per ton n, 1 liW cents a decrease of -081 cen t; and on the Aggregated System, 1-192 cents, a decrease of
<
Louis & San Francisco System,
distinct from tho«- of me Atchison Company,
in.ue
J1•r
.
xfi jiand Railway ; and now that business
s - — -
- —
“ s s k s s —
2 i 5 ™
» « » «» «• « -«— * * « •
As illustrative
will prove interesting:
In the Fiscal Year ended June 80, 1898, the gross e a r u i ^ r f t f f i ^
8-016'4 freight,
from 0- mileS
i n t e r :h a S g « i w l , h K . Louis & San Francisco R a d w a y Company : to,
(average operated), were, upon I
aengers, 8178.979 27, and from ocher sources, $ 161,720 49, an. aggregate of $,,311,64
, or 8288 36
11,970,847 82 ; from passengers
groat earnings for each mile of your System,
During the same period the gross earnings of the St. L o « » &
fr o ^ fr e ig n tfllil^ flw T to o te
operated), from
34, an aggregate o f ‘ *3,534.576 10, or *1,900 79 gross earnings for each
passengers, *199
mile of the St. Louis & San Francisco Railway.
,
,,
..i
« 994-15 miles (average operated), upon
In th** n5in-1 vfntr tli6 jzrosvS camingB of all oth.er lines jf your Tone < 3’ y . . qt^ ton
iq
* from nassenfirers
•"
w s i& x i8 » « a s a s & --> x --w
G'Y T i o 8/ » ‘ « i » earning, lor the vear of the Colorado Midland R.llm ry O m t m .
SS k s H s s s s t a s s ®
“
S
. f f i 'S
:? ™
placed in * » Traci,, „ d eh .W d » O p n „U .e
Atchison kystem.
...........
H 8 liyT000
Mites laid......................................- ............................................. .........................................
12,610
T o * * ...................................................................................................... . J..................
‘
N et C ost.................................- ................ .................... *................
and New Ties, as follows :
2,2 7 6 ,1 0 4
Katnbeti o f Cross T ie s ................................................................................................................ ..
Sets o f Switch T ies......................................... .." I $831,275 57
1 6 ,®
$ 1 12,553 15
$9,192 60
$103,360 55
Atchison System.
A g g r eg a ted ^ S g s tem .
S. L. <t S. F. System.
Aggregated System.
2 ,979,570
912
$1,072,691 28
St. L. 1 S . F. System.
1
703,46
181
$ 2 38,415 71
Expenditures during the year for Improvements of your Iropertitb were made as follows............................... .$1,997,58102^
l U t t M t y i M I ...... ......................................... .............................................................................. ..................................................................................................
St. L. & 6. F, System ........ ....................- .......... — - .......................................
Aggregated System ...........................
M SHH .
The expenditures on the Atchison System were distributed as fo o
.^ S B S K
S o n o r a H a llw a y :
a„«ori. Ko.lway
i K
atH e-trae
. r,„
*
......................
$450,045
^
Colorado MWlaoU Hallway: .
Atlantic S Pacific KK.—W
c
191,794 53
.$ 2 ,1 8 9 ,37 5 55
Mat « « ^
, S
m
h-rn IJivm i *m -. .J1
?
■» ‘ A' r
tf
?
a
n
'ratal Atchison System ...
sid e-tra ck s..... ...............
.
.
, ^ x u *hiaon & W is e o Systems), Atchisoii’s proportion . . . . . . . . .
td t
Other Lines: genetni improvoiaents.
d
l i-i
l
.
32
i l
16° ’8 ' 8 97
foi’
... wv
t n d a p p r o a c h e s ; a n d s l d e - t r a c t o , s t a t io n b u ild
.$ 1 ,9 9 ".5 8 1 02
,
THE CHRONICLE.
986
[Vol. LV1I.
The expenditures on the St. Louis & San Francisco System amounted to §191,794 53, and were mainly for improvement
of road-bed, 6ide tracks and buildings, and its one-half of expenditures on the Atlantic & Pacific RR. as detailed above.
Expenditures for “ Construction-Extensions” covering addiiions to your properties during the year were made on the
Atchison System of $36,445 18. for second tracking Chicago line between Joliet and Patterson, Illinois. On the St. Louis &
San Francisco System $7,730 67 was expended, mainly on the Paris Branch in Texas. The total charge for “ ConstructionExtensions,” as above, was $44,175 85.
During the year expenditures were made for Equipment, as follows :
Atchison System.
Locom otives............................................................................................................................................... $ 1 9 7 ,4 4 4 1 0
Passenger Cars ........................................................................................................................................
nSoSSSSn
Shop Machinery, e tc ............................................................... ...............................................................
3 5 ,137 29
T otal................................................................................. .....................................................................
St. L. d- V J\ System.
,
$174 ,8 5 9 48
17,490 07
223,7 3 4 40
8,5 6 2 37
$577 ,7 4 8 38
Aggregated System.
$ 3 7 2 ,3 0 3 58
8 0 ,434 14
505,9 5 7 38
43,6 9 9 66
$ 4 2 1 ,6 4 6 38
$ 1 ,0 0 2 ,3 9 4 7 6
In addition to the above amount of $1,002,394 76, which was charged to Equipment Account, there was expended in the
acquisition of equipment under A . T. & S. F. Equipment Trust, Series A , $915,754 60, making an aggregate outlay for equip
ment of $ 1,918,149 36. W hen the Equipment Trust obligations are finally retired, the cost of the additional equipment covered
w ill be carried to Equipment Account.
The grand total of property expenditures made, as detailed above, covering Improvements, Extensions and Equipment
amounted to $4,151,700 76.
There were also rebuilt, the cost of which was charged to Operating Expenses : By the Atchison System, 6 Locomotives,
13 Passenger Cars, 118 Freight Cars and 7 Service Cars, at a cost of 8107,928 36 ; by the St. Louis & San Francisco System, 2
Passenger Cars and 30 Freight Cars, at a cost of $19,078 41 ; o r a total for the Aggregated System of 6 Locomotives, 15 Passen
ger, 148 Freight and 7 Service Cars, at a cost of $127,006 77.
Under the Plan of Income Bond Conversion presented in Circular 68, of May 25, 1892, and printed in full iu the last
A n n u a l Report, less than two per cent of the entire $30,000,000 original issue of Income Bonds remain to be exchanged for
Second Mortgage Bonds. This balance is largely held by Estates, the Trustees of which are completing authorities to enable
the exchanges to be made.
Detailed and complete Financial and Statistical statements of your several properties follow. The Financial or General
Account of the Aggregated Atchison Railroad System of 9.341-57 miles (average operated) is reflected in the General Balance
Sheets of the Atchison Company, Atlantic & Pacific Railroad Company, St. Louis & S in Francisco Railway Company,
Colorado Midland Railway Company and St. Louis Kansas City & Colorado Railroad Company— the accounts of these com
panies appearing separate and distinct because the companies are not consolidated. But, in addition to the separate Balance
Sheets of those companies, for convenience, a Memorandum Condensed General Account, embracing the figures of all these
several proper;ies has
been prepared
[sie
page 994 of the Chronicle ].
In the Statistical aud Operating
Statements, however, details and results are shown for the separate Ooerating systems, that of the Atchison of 7,480-65 miles
(average operated), and that of the St. Louis & San Francisco of 1,863-92 miles (average operated), each of which systems
contains one-hilf of the results of the Atlantic & Pacific Railroad, being equally interested. Also apoear in same form state
ments summarizing the two System’s figures, thus exhibiting operating results of the Aggregated System of 9,344-57 miles
(average operated).
The cause and effect of the financial panic, with coincident business depression of the country, is too well known to call
for any extended reference herein. Its effect upon your properties was anticipated in the early Spring, and provisions, as far
as practicable, against expected loss of traffic, were made through studied preparations for reduction of operating expenses in
every direction possible, which followed. The results of the efforts of your Management in this direction have been shown
in the monthly statements of operation issued prior to and since the close of the Fiscal Year covered herein ; and, while gross
earninge have shrunken from the cause above referred to, economies m ule from a business standpoint have largely offset the
shrinkage of traffic returns. It is believed by your Managem-nt that the effect of these economies has not yet been fully
shown, but that demonstration will in the future exemplify the wisdom of their application.
By order of the Board,
J, W . R E IN H A R T.
GEORGE C. M AGOUN.
President.
ATCHISON
Chairman.
TOPEKA
I S P See Hole at aid o f Statement-
&
SANTA
FE
GENERAL
R A IL R O A D
ACCOUNT
COMPANY— CONSOLIDATED
J U N E ;3 0 ,
1S93.
Bee statement
RESOURCES.
lo r detail.
C A P ITA L .
FRA NC H ISES AND P R O P E R T Y ..................................................................................................
p r o p e r t y A d d it io n s d u r in g t h e Y e a r —
New Construction.......................... . ....................... - .............. ........................................................
Im provements....................................................................................................................................
1 Equipm ent........................................................... 1................ ..................................................... .
$ 9 3 ,7 5 1 ,4 9 8 69
$ 3 7 ,9 6 7 47
1 ,7 3 5 ,1 8 2 22
476 .9 8 5 49
P e r m a n e n t I n v e st m e n t s —
Property in Leased and Auxiliary Roads represented by Bonds issued by such
Roads Deposited with Union Trust Co. of New York, Trustee, under General Mort
gage Indenture ............................- ........................... -......................................................... ..$ 1 0 4 ,9 1 0 ,0 7 0 00
Deposited with Sundry Trustees, as Collateral for A . T. & S. F. F.R. Co., old
issu e s........................................................... . ................................................................................
3 6 ,5 2 6 .0 0 0 00
B -l.
Properly in Leased and Auxiliary Roads represented by Capital Stocks owned—
Sundry Properties included in Reorganization................................................................. *1 6 ,3 4 6 ,6 6 5 72
St. Louis & Sau Francisco Ry. Co..........................
..........................................................
2 7 ,2 7 6 ,5 3 5 12
Colorado Midland lty. CO...........................................................................................................
6 ,3 1 c ,124 32
B -2 .
Property in various Collateral Companies represented by Capital Stocks owned
and wholly or partly pledged under General Mortgage indenture___ * ................
Indirect Investments represented by Capital Stocks deposited with Union Trust
Co. of New York, Trustee, owned by Proprietary Companies whose Stock and
Bonds are pledged under General Mortgage Indenture (see contra) ........
........
Bonds of Leased and Auxiliary Roads subject to exchange under Circular 6 J .. .
B -3 .
SYSTEM .
2 ,2 5 0 .1 3 5 18
$ 9 6 ,0 0 1 ,6 3 3 78
(
*141,436,071) CO
7 9 ,9 3 3 ,S 2 5 16
7 5 3 ,8 3 3 66
5 .3 5 a ,4 4 3 03
2 ,9 5 4 ,u 30 00
2 3 0 ,4 3 7 ,1 0 1 85
* 3 2 6 ,4 3 8 ,7 3 5 63
C.
Ot h e r I n v estm en ts—
Sundry Bonds and Stocks owned by Company, and not included in foregoing, at
cost................ .................................................. .................................................................................
Real Estate and L a n d s..................................................................................................................
S e c u r it ie s d e l i v e r a b l e u s d e r C ir c u l a r 6 3 Four Per Cent General Mortgage Gold Bonds......................................................................
Five Per Cent Income Gold Bonds................. ............................................ ..........................
C a p it a l St o c k
T>.
£•
in
T r e a s u r y , ........................................................................................................
DEFERRED.
E q u ip m e n t T r u s t , S e r ie s “ A ” —Cost of Equipment in Trust to secure Equipment
Trust Bonus, Series “ A ,” ......................................................................................... ......................
S in k in g F u n d » n d I n e r e s t , a c c o u n t o f E q u ip m e n t T r u st B o n d s , S er iv s * A” —
■
provided for by issue of Second M oitgage 4 per cent Bonds under Circular 68, of
May 25, 1 8 9 2 ............................................ ..........................................................................................
T r u s t e e s , C e r r i i l o s C o a l L a n d s ..............................................................................................
S u n d r y A d v a n c e s f o r S u r v e y s , R e a l E s t a t e , e t c ., w h ic h w ill u ltim a tely, w h en
adjusted, be charged to Cost of Property........................ ..................................... ...............
S j n d r y ACCOUNTS a f f e c t in g OPERATIONS p r i o r t o O c t . 1 ,1 8 8 9 , lik e ly to b e
closed into Franchises and Property-.........................................................................................
S u n d r y a c c o u n t s in P ro c e ss o f A d ju s t m e n t ......................................................................
S u n d r y D e p o s it s f o r C o n t in g e n t P u r p o s e s ......................................................................
D ue f r o m S u n d r y A u x i l i a r y C o m p a n ie s f o r A d v a n c e s , e t c .......................................
M a t e r ia l an d F u el in St o c k .....................................................................................................
$1,846,391 45
2.0 7 0 .6 2 3 67
* 1 ,0 3 8 ,3 6 8 50
8 3 3 ,6 8 7 3 0
3 ,9 1 7 ,0 1 5 )1 2
*1 ,8 7 2 ,0 5 5 80
176 ,5 1 2 5 0
2 ,0 4 8 ,5 6 8 3 0
* 2 ,5 0 3 ,4 0 1 50
3 0 6 ,2 5 0 0 0
1 0 5 ,0 0 0 00
1 2 3 ,9 7 6 75
7 3 ,1 6 9 78
336,15 1 58
57,0 5 8 42
8 ,2 9 1 ,5 2 0 22
1 ,2 3 1 ,9 4 9 40
13,093,477
65
D ecember 9. 1893.]
THE CHRONICLE
GENERAL
ACCOUNT
JU N E
987
3 0 , 1 8 9 3 (C o n tin u e d ).
Brought forward
934-5,497,10 7 J
<
CURRENT.
A ccounts R e c e iv a b l e :
Due from A Rente, Companies. Individuals and U. S. Government in Current
Operating and Traffic Account............................................ .
B ills R e c e iv a b l e and D em and L o a n s .................................
C ash :
Deposits.......................................
Treasurer, Topeka....................
Assistant Treasurer, Boston
Auxiliary Companies .. ___
S e c u r it ie s
is
T reasu ry
a v a il a b l e f o r
P aym ent
of
5 ,3 2 6 ,9 5 4 1 1
3 ,4 7 9 ,2 5 2 0 8
$ 3 ,0 9 5 ,6 8 6
554 ,6 7 2
256 .1 5 8
216 ,2 9 3
54
34
89
49
4 ,1 5 2 ,8 1 1 2 6
C u r r e n t O b l ig a t io n s :
Four Per Cent General Mortgage Bonds and Scrip.............................................................
Fou:
Second M ortgage Bonds and Scrip, Class " A , ” .....................................
Guarantee Fund No toe..........................................................................................................
St. L. A S, F. By. Co. Consolidated Mortgage 4 p, ct. Bonds (Par $3,S 0 8 ,1 0 0 0 0 )
at Cost..............................................................................................................................................
2 ,2 7 6 ,0 2 0 80
4 5 1 ,2 5 6 9 0
2 ,0 0 0 000 00
2,715,709 00
7 ,4 4 2 ,9 3 6 7 0
2 1 ,0 0 2 ,0 3 4 4 5
$366,4 9 9 ,8 3 1 15
LIABILITIES.
A,
B.
C A P ITA !..
C A P ITA L STOCK.........................................................................................
FUNDED D EBT:
Foun P
er
Cent G
M ortgage G old B o
eneral
$ 1 0 2 ,0 0 0 ,0 0 0 00
nds:
Authorized Issue................... ......................................................... $150,0 0 0 ,0 0 0 00
19,676,000 00
Lets amount reserved for future treatment..........................
$ 1 3 0 ,3 2 4 ,0 0 0 0 0
F o u r P e r C e n t S e c o n d M o r t g a g e G o l d B onds —Class “ A " .$ 77,047,400 00
F i v e P e r C e n t I n c o m e G o l d B o n d s , in p r o c e s s o f c o n
version in to a b o v e .................................................................................
2 ,952,600 0 0
8 0 ,0 0 0 ,0 0 0 00
5 .0 0 0 .
000 00
9 .0 0 0 .
0 0 0 00
1.5 0 0 .0 0 0 00
8,1)00 CO
2.2 5 0 .0 0 0 00
2 2 8 ,0 8 2 ,0 0 0 09
F o u r P e r C e n t S e c o n d M o r t g a g e G o l d B o n d s — C la s s “ B " .............................
G u a k a j i t k e F u n d N o t e s .................................. ......................................................................................
C h i c a g o a s t . Lotus r t . C o F i r s t M o r t g a g e 6 % B o n d s ......................................
S t . J o s e p h S t . L o u i s a- S a n t a F k P. y . C o . F i r s t M o r t g a g e 6°„ B o n d s ............
*■ E q u i p m e n t T r u s t 5 ’,, B o n d s . S e r i e s • a ” ............................................................................
•
S u N D itr O l d B o n d I s s u e s c a l l e d f o r d e p o s i t u n d e r C i r c u l a r 6 3 _____
U n i o n T r u s t C o o f N e w Y o r k . T r u s t e e , C e r t i f i c a t e s , r e p r e s e n t in g
N e w S e c u r it ie s d e liv e r a b le fo r O ld B o n d s d e p o s it e d u n d e r jd a n o f R e
o r g a n i z a t i o n .................................................... ........................
....................................................................
S e c u r i t i e s o w n e d n v v a r i o u s p r o p r i e t a r y C o m p a n i e s , h e ld in m i n t
a n d d e p o s it e d a s C o lla t e r a l u n d e r G e n e r a l M o r t g a g e I n d e n t u r e (see contra).
S u b s c r i p t i o n s A c c o u n t o f C i r c u l a r 63, e t c .....................................................................
A d j u s t m e n t A c c o u n t — St . L . & S . F . R v . C o . F i r s t P r e f e r r e d S t o c k . . .
$ 3 3 0 ,0 8 2 ,0 0 0 0 0
l,5 t 0 ,3 3 0 00
5 4 ,0 1 0 79
5 ,3 5 8 ,4 4 3 0 3
1 ,7 5 3 7 5
5 ,0 0 0 ,0 0 0 0 0
CURRENT.
ACCOUNTS RATABLE :
D u e t o C o m p a n ie s . I n d iv id u a ls , e t c ., In C u r r e n t O p e r a t i n g a n d T r a ffic A e o ’ t.
' B i l l s P a y a b l e ....................................................................................................................................................
B o nd Interest M a t c h e d :
D u e J u l y 1 . 1 9 9 3 . o n F o u r P e r C e n i G e n e r a l M o r t g a g e B o n d s a n d S c r ip ..........
E q u ip m e n t T r u s t B o n d s . S e r ie s * A , ” ..............................................................................................
C o u p o n s P a s t D u e . n o t P r e s e n t e d .....................................................................................................
$5 ,5 5 9 ,7 1 4 93
6 ,3 09,249 71
$ 2 ,6 0 0 ,1 3 6 0 0
5 6 .2 5 0 0 0
3 9 3 ,7 2 1 7 4
D r a w n B o s k s A c c o u n t — E q u i p m e n t T r u s t , s e r i e s “ A , " .......................................
I n t e r e s t o n h o n i « a c c r u e d , b u t n o t n o w D u e .............................................................
'S in k in g F u n d — E q u ip m e n t T r u st B o n d s , S e r ie s " A , " A c c r u e d , b u t n o t
t e t D u e ................ .. .............................................................................................................................................
T a x e s a c c r u e d but
not
D u e a n d P a y a b l e u n t il D e c e m b e r , 1 8 9 3 ,
AND THKRP.AFTEU .................................................... ......................................................................................
D i v i d e n d s P a s t D u e ...................................................................................................................... . ...............
3 ,0 5 6 ,4 0 7 7 4
3 3 ,0 0 0 0 0
6 1 9 ,8 3 0 0 0
1 2 5 ,0 0 0 0 0
6 3 9 ,2 8 2 16
1,006 75
1 6 ,7 7 3 ,4 9 1 2 9
IN C O M E A N D S U R P L U S .
S u r p l u s t o J u n e 3 0 . 1 8 9 2 .................................................................................................. . . . ...............
D e d u c t io n s d u r in g th e y e a r .......................................................................................................................
S urplus
F.
S urplus
Y
for
to
ear
J une
e n d in g
J
une
4 ,5 3 9 ,9 3 7 9 7
1 1 ,1 3 9 8 9
4 ,5 2 4 ,7 9 8 0 8
3 ,1 4 5 ,0 0 4 2 1
3 0 , 1 8 9 3 ......................................................
3 0 , 1 8 9 3 ....................................................................................................
7,6 6 9 ,8 0 2 2 9
$366,4 9 9 ,8 3 1 15
NOTE —lr,< bull - vt. Top. A Santa Fc RR. and leased lines; Gulf Col. A Santa F e Ry.; Southern California Ry.; New Mexieo & Arizona
RR .: Sonora Railway : one-naif o! lines jointly owned, viz : I.*av. Top. A So. West. Ry.; Man. Alm a A Bur. Ky ; W ith. A West. Ky. For other
Railroads comprisiiiv the system At A Par. KH.. Colorado Midland RR. and St L. K. U. A Col. RR.) see income accounts and general accounts
en subsequent pages.
* Includes financing old Floating Debt of fit. Louis A San Francisco Ry. Co.
* Payable from proceed* of Class " B . " Second Mortgage Bonds.
Doe* not Include charges to June 30, 1893, amounting to $ 9 15,754 60 for Equipment being acquired under Equipment Trust, which w ill
become the properly of the < ompany and be transferred to • Equipment Account0 when the obligations for principal and interest on " Equip
•
ment Trust Bonds. Series A ," have Leen paid in fail.
vT hese bond* ami interest thereon will lie provided tor from proceeds of Second Mortgage Bonds, Class “ B ,” as stated in Circular 68, of
May 2 5 , ls 9 2 .
A .— G
eneral
A ccount,J
une
A . T . A S. F . RR. Co. G u a r a n t e e F u n d N o t e s .................. $ 9 , 0 0 0 , 0 0 0
i uiCAGO A S t . L o u i s R y . C o . F i r s t M o r t g . « % B o n d s .
1 ,5 0 0 ,0 0 0
S t . J o s e p h 8 t . L . a S . F f. R y . C o . F i r s t M . 6 " ,, R o n d s . . .
8 ,0 0 0
S t . J o se p h T e r m in a l R R . Co . F ir s t M o n t s . 5 % B o n d s
1 7 5 ,0 0 0
O s a g e C a r b o n C o . F i r s t M o r t g a g e 7 (,„ B o n d * ..................
1 9 1 ,0 0 0
A t l a n t i c a P a c i f i c R R . Co. G u a k a n . T r u s t 4 % B o n d s
8 ,8 0 2 ,0 0 0
3 0 ,1 3 9 3 .
ATCHISON T O P E K A A SANTA FE R AIL R O AD C O M P A N Y CONSOLIDATED SYSTEM.
LIABILITIES (CAPITAL).
C A P ITA L STOCK—
1.0 1 9 ,9 2 5 Share* at. $ 1 0 0 ..................$ 1 0 1 ,9 8 2 ,5 0 0 0 0
I.* ** Capital Stock tn Treasury (tor
Stock scrip).......................................... .
5 ,0 3 7 50
Capital Stock In Escrow, 75 share*..
Fractional Stock Certificate* (1
share), exchangeable for sto c k ___
Capital Stock Scrip (O r. 6 0 )...............
Capital Stock Berio (Cir. 6 4 ) ____ . . .
Capital Stock Scrip (Cir. 6 6 ) .............
Total
$ 1 0 1 ,5 8 7 ,4 1 2 50
7,500 00
100
1,100
3.387
500
00
00
50
00
$ 1 0 2 ,0 0 0 ,0 0 0 CO
Total
B .— G
eneral account.
J
une
3 0 ,1 8 9 3 .
ATCHISON TO PEK A A SANTA FE R AILR O AD C O M P A N Y CONSOLIDATED SYSTEM .
f o b w h ic h
A
I s s u e .................. ................................................................ $ 1 5 0 , 0 0 0 , 0 0 0 0 0
I ssued .................................... , ........................, ................................................. 1 3 0 , 3 2 4 , 0 0 0 0 0
b t h o r iz e d
B alance
U n i s s u e d ..................................................................... $ 1 9 , 6 7 6 , 0 0 0 0 0
r This balance, a* provided in Plan of Reorganization, Circular 63, of
October 15, 18 *9 . was specially reserved m hand* of Union Trust Com
pany of New York. Trustee, to retire, when Here—ary or deemed expe
dient, Mortgage Issues of the Atchison and Auxiliary Companies, as
loliow *;
e s e r v a t io n w a s m a d e , a s a b o v e
.$ 1 9 , 6 7 6 , 0 0 0 0 0
FOUR PER CENT SECOND MORT. GOLD BONDS, CLASS A,
Authorized to the extent of $8 0 ,0 0 0 ,0 0 0 00 under Circular 68, of May
2 5 , 189 9 . for the purpose of exchanging ihe same at par for the Com
pany's 1 ive Per Cent Income Gold Bonds. Interest payable October
1 anil April 1, at the rate per annum of 2*2 per cent to October 1,
1 8 9 3 ; 3 per cent to October 1 .1 8 9 4 ; 3 % per cent to October 1, 1895;
and thereafter at the rate of 4 per cent.
FOUR PER CENT 8ECOND MORT, GOLD BONDS. CLASS B,
Authorized under Circular 68, of May 25, 1892. to provide for Im
provements (including Equipment) and the retirement of Equipment
Tru3t Bonds, Series A.
I t .— 1 , G e n e r a l A c c o u n t , J u n e 3 0 . 1893.
ATCHISON T O P E K A A SAN T A FE R A IL R O A D COMPANY' —
CONSOLIDATED SYSTEM .
LIABILITIES (CAPITAL).
FUNDED D E B T.
FOUR PER CENT G E N E R A L M ORTGAGE GOLD B O N D S -
R
00
00
00
00
00
00
ASSETS (CAPITAL).
Property
P E R M IN E N T IN V E S T M E N T S .
L eased a n d A u x i l i a r y R o a d s R e p r e s e n t e d
in
C a p i t a l St o c k O
wned
dy
.
Shares.
‘ Atlantic A Pacific RR. Co............................2 91,519is
U . T. A s. F. RR. Co. In C hicago............... 50,000
So. Cal. Ry Co., Common ............................. 6 7 ,3 2 0
So, Cal. Rv Co , Preferred............................. 30,469
Chic. Kansas A West, RR. Co...................... 47,363
I Chic S. F. A Calif. R y.C o............................150.000
Denver A Santa Fe Ry. Co............................. 15,000
Par value.
$ 2 9 ,1 5 1 ,9 5 0 0 0
5,0 0 0 ,0 0 0 00
6 ,7 3 2 ,0 0 0 00
3,0 4 6 ,8 0 0 00
4,7 3 6 ,3 0 0 00
15 ,0 0 0 ,0 0 0 00
1,5 N)00 00
THE CHRONICLE
988
Brought forward.................................................................
Shares.
F E. & W . Ry. Co..............................................
7 ,2 0 0
IIGulf Col & 8. F. Rv. Co................................ 45,3 9 0
Kan. Cy. Exnp. & So. Rv. Co..........................
5,957
Kan. Cy Top. « West. RR. Co...................... 35,0 0 0
fc
Leav. No. & So. Ry. Co...................................
6 ,416
Leav. Top. & 8o. W est. Ry. Co......................
5,509
Man. Alm a
B ur.R y. Co...............................
4 ,1 8 6 ^
Marion & McPherson Ry. Co..... .................. 13,463
New Mex. & Ariz. RR. Co............................. 36,820
New Mex. & So. Pac. RR. C o ...................... 93,020
New Mexican RR. C o ..................................... 14,558
Pueblo & Ark. Val. RR. C o .......................... 56,1 6 2
Rio G. Mex & Pac. RR. C o .......................... 69,3 8 0
Rio Grande & El Paso RR. C o ..................... 2 ,0 0 0
7 ,0 8 0
Sil. Cy. Dem. & Pac. RR. Co..........................
St. Jos. St. L. & S F. Ry. Co..........................
9 ,7 0 0
St. Louis K . C. & Col. RR. Co....................... 16,000
Sonora Ry. Co., limited................................... 52,4 8 0
The So. Kansas Ry. Co................................... 13,1683*
Wichita & 8o Westn. Ry. Co........................ 18,244
The Wichita & Western Ry. Co..... .............. 2 ,250
8t. Louis & S. Francisco Ry. C o .,le t iiref. 44,^46
“
“
Prefer d. 99,8 3 3
“
“
**
“
Comm’n. 116,945
Colorado Midland Ry. Co................................ 79,9 9 5
. $6s,r6 7 ,0 5 0 00
Par value.
$ 7 2 0 ,0 0 0 00
4 .5 3 9 .0 0 0 00
59 5 ,7 0 0 00
3 .5 0 0 .0 0 0 00
6 4 1 ,6 0 0 00
550 ,9 0 0 00
418 ,6 5 0 00
1.3 4 6 .3 0 0 00
3.6 8 2 .0 0 0 00
9 .3 0 2 .0 0 0 00
1,4 5 5 ,8 0 0 00
5,6 1 6 ,2 0 0 00
6.9 3 8 .0 0 0 00
200 ,0 0 0 00
708 .0 0 0 00
970 .0 0 0 00
1 .6 0 0 .0 0 0 00
5.2 4 8 ,0 0 0 00
1 ,316,875 00
1 ,8 2 4 ,4 0 0 00
22 5 .0 0 0 00
4 ,4 9 4 .6 0 0 00
9 .9 8 3 .3 0 0 00
11.694. 00 00
7,9 9 9 ,5 0 0 00
T o t a l ..........................................................
$ 1 5 0 ,7 3 7 ,3 7 5 0 0
(Ledger cost.)
$ 7 9 ,9 3 3 ,8 2 5 16
The following shares included in above statement are deposited with
Union Trust Co. of New York, Trustee, as Collateral under General
Mortgage Indenture:—
Shares.
Par value.
$ 3 ,3 9 6 ,8 0 0 00
A . & P. RR. Co.................................................... 33,968
6 ,7 2 9 ,*0 0 00
So. Cal. Ry. Co., Common.................................. 67,298
3 .0 4 4 .0 0 0 00
“
“
Preferred.................................30,4 4 0
4,7 3 4 .3 0 0 0O
Chic. Kan. & West. RR. C o ............................. 47,3 4 3
Denver & Santa Fe Ry. Co............................... 14,9 8 0
1.4 9 8 .0 0 0 00
718 .0 0 0 00
F. E . & W . V. RR. C o ......................................... 7 ,1 8 0
G. C. & S. F. Ry. Co...............................................45,2 5 0
4*525,000 00
K.
C. E . & S. Ry. Co........................................ 5,937
593 ,7 0 0 00
K . C. T. & W. RR. Co........................................... 35.0 0 0
3.5 0 0 .0 0 0 00
L. No. & 80, Ry. Co.............................................. 6,396
63 9 ,6 0 0 00
L. T. & 8 . W. Ry. Co............................................ 5,502
550 ,2 0 0 00
41 5 ,4 5 0 00
M. A .& B .R y .C o .................................................. 4,154*2
M. & McP. Ry. Co............................................... .1 3 ,4 4 3
1,3 4 4 ,3 6 0 00
N. M. & A. RR. C o ............................................... 3 6 ,8 0 0
3 .6 8 0 .0 0 0 00
N.
M. & So. P. RR. C o ................................... 93,0 0 0
9 .3 0 0 .0 0 0 00
New M ex. RR. Co.................................................14,538
1,453,800 00
P. & A. V. RR. Co.................................................56,142
5 ,6 1 4 ,2 0 0 00
R . G. M. & P RR. C o ......................................... 69.3 6 0
6.9 3 6 .0 0 0 00
R. G. & E. P. RR. Co..................................
1,980
198 .0 0 0 00
S. C. D. & P. R R C o ........................................... 7 .060
706 .0 0 0 00
St. J. St. L. & S. F. Ry. Co................................ 9 ,685
968 ,5 0 0 00
SonoraRy. Co., Lim ited......................................52,460
5,246,06 0 00
The So Kan. Ry. C o........................................... 13,144
1,314,4 00 00
W ich & So. West. Ry. Co................................ 18,224
1 ,8 2 2 ,4 0 0 0 0
The Wich, & W e s t Rv. Co................................ 2 ,250
225 .0 0 0 00
$ 6 9 ,1 5 3 ,4 5 0 00
* See also Statement C.
t Deposited with Boston Safe Deposit & Trust Co. as Collateral for
Guarantee Fund Notes, and when released w ill be deposited with
Union Trust Co., of New York, Trustee, under General Mortgage
Indenture.
] The Atchison Company is entitled to 3 4 ,5 0 0 shares additional, when
|
Issued.
S t a t e m e n t A t t a c h e d t o B . — 1 , J u n e 3 0, 1893.
ATCHISON T O PEK A & SAN T A F E R A IL R O A D C O M P A N Y CONSOLIDATED SYSTEM.
S E C U R IT IE S H E L D B Y IN V E S T M E N T P R O P E R T IE S
O W N E D B Y A T C H IS O N T O P E K A &
S A N T A F E R A I L R O A D CO.
N
ame
of
Se c u r it ie s —
Atch. Union Dep. Stock, 9 Shares.
Atch. Un.Dep.A RR.Co. 2 d M .B ’ ds
Beach Hotel & SS. Imp. Co. Bonds
Canyon City Coal Co. Stock, 8,500
Shares (Par $r 0 ) ............................
Cher. & Pitts. C. & M. Co. Stock,
2 .0 0 0 S h a r e s ..................................
Ft. W orth Stock Yards Stock, 250
Shares.......... ........................ ...........
Hunnewell Town Co Stock, 250
Sharos................................................
The Kan. City Belt Ry. Co. Stock,
500 Shares........................
Kan. City Union Depot Co. Stock,
210 Shares........................................
Las Vegas Hot Springs Co. Stock,
2 ,4 6 6 Shares................................
Marine R ’ way & Dry Dock Co.
Stock, 100 Shares...........................
Miss. Riv. RR. & T. B. Co. Stock,
10.000 Shares....................................
Miss. Rlv. RR. < T. B. Co. Bonds.
fc
Morgan Township Bond.................
St. Jos. Terminal RR, Co. Stock,
1 .5 0 0 Shares ...................................
Santa Ana Valley Irrig. Co. Stock,
4*s Shares.........................................
San Antonia Co. Water Co. Stock,
6
Shares.........................................
The Sibley Bridge Co. Stock,
4 .5 0 0 Shares....................................
The Sibley Bridge Co. Stock,
4 .500 Shares....................................
The Sibley Bridge Co B o n d s ___
The Sou. Kan. Ry. Co. of Texas
Stock, 6.045 Shares......................
The Sou. Kan. Ry. Co. Stock. 3 7 ,-.
434 Shares and $47 1 8 S crip ...
So. Kan. & Pan Handle RR. Co.
Stock, 3 ,009 Shares....... ..........
Trinidad Coal & Coking Co.
Stock, 1,625 Shares......................
The Wichita & Western Ry. Co.
Stock— 3 ,800 Shares—Atchison
Co.’s proportion l > or say 1,900
,
8hares.................................................
P a r V a lu e .
O w n ed by—
$ 9 ,0 0 0 00 St. J. St. L. < 8. F. Ry.
fe
4 .5 0 0 00 St. J. St. L. & S. F. Ry.
1 0 ,0 0 0 00 G. C. & S. F. Ry. Co.'
4 2 5 ,0 0 0 00
P. & A. V. RR. Co.
2 0 0 ,0 0 0 00
The So. Kan. R y. Co.
25,000 00
G. C. < S. F. Ry. Co.
fc
25,000 00
The So. Kan. Ry. Co.
50,0 0 0 0 0 K .
C. T. & W . RR. Co.
2 1 ,0 0 0 00
The So. K an. Ry. Co.
t246,600 0 0
N. M. & S. P. RR. Co.
10,000 0 0
Southern Cal. Ry. Co.
1 ,000,000 00 C.
*6 5 0,000 00 C.
1 ,046 85 G,
S. F. & C. Ry. Co.
S. F. & C. Ry. Co
C. & S. F. Ry. Co.
1 5 0 ,0 0 0 00
St. J. St. L. & S. F. Ry.
22 5 0
Southern Cal. Ry. Co.
6 0 0 00
Southern Cal. Ry. Co.
4 5 0 ,0 0 0 0 0 C.
S. F. & C. Ry. Co.
4 5 0 ,0 0 0 0 0 Sibley Bridge Co.
*8 50,000 0 0 C. S. F. < C. Rv. Co.
&
6 0 4 ,5 0 0 0 0
The Sou. Kan. Ry. Co.
3 ,7 4 3 ,4 4 7 18
K . C. T. & W . RR. Co.
3 0 0 ,9 0 0 00
[V ol. LVII
--------—
- ■
1 .R . —2 . G e n e r a l A c c o u n t , J u n e 3 0 .1 8 9 3 .
ATCHTSON T O PEK A & 8 4 N T A FE R A IL R O A D CO M PAN Y
CONSOLIDATED SYSTEM .
ASSETS (CAPITAL).
P E R M A N E N T IN V E S T M E N T S .
P r o p e r t y in V a r io u s C o l l a t e r a l C o m p a n ie s R e p r e s e n t e d b t
C a p it a l S t o c k s O w n e d a n d W h o l l y o r P a r t l y P l e d g e d
U nder G en era l Mortgage I ndenture.
Shares.
Par Value.
Ledger Cost.
Arizona So. RR. Co................................ 1,000
$ 1 0 0 ,0 0 0 00
Arkansas Valley Elevator Co........... 975
97,5 0 0 00
Osage Carbon Co.................................... 3 ,000
3 0 0 .0 0 0 00
San Pedro Coal &Coke Co................ 400
4 0 .0 0 0 0 9
Kansas City Union Depot Co........... 500
50.0 0 0 00
Atchison Union Depot & RR. C o ...
9
9 .0 0 0 0 0
1.000 0 0
St. Joseph UDion Depot Co...............
10
A. & P. Equipment C o ..................... .2 ,COO
2 0 0 .0 0 0 0 0
Atchison City Elevator Co......... .. 304
3 0 ,4 0 0 00
Raton Coal & Coke Co..........................5 ,000
5 6 0 ,0 0 0 00
Scandinavian Coal & Mining Co___ 100
1 ,000 00
$ 1 ,3 2 8 ,9 0 0 00
1 9 0 ,0 0 0 0 0
P. & A. V . RR. Co.
Wich. & West. Ry. Co.
Total (Cost, $ 7 ,3 9 9 ,9 4 0 3 6 ) ...$ 9 ,5 7 9 ,1 1 6 53
(A portion only of the above Securities appear in General Account
of A . T. < 8. F. RR. Co. See Statement B— 3.)
fe
* Pledged.
t Total Capital Stock, $30( ,000: not issued, $53,400.
$ 7 5 3 ,8 8 3 66
The following shares, included above, have been de
posited with the Union Trust Co. of New York,
Trustee under General Mortgage Indenture:
Shares.
Par Value.
Arizona So. RR. Co................................1,000
$ 1 0 0 ,0 0 0 00
Arkansas Valley Elevator Co........... 969
9 6 ,9 0 0 00
Osage Carbon Co....................................2,991
299 ,1 0 0 0 0
San Pedro Coal & Coke Co................. 395
3 9 ,5 0 0 0 0
Kansas City Union Depot Co........... 210
21,0 0 0 00
Atchison Union Depot & RR. C o ...
9
9 .000 00
St. Joseph Union Depot Co...............
10
1.000 00
A. & P. Equipment Co........................ 1,635
163 ,5 0 0 00
Atchison City Elevator C o .............. 261
2 6 ,1 0 0 00
Raton Coal & Coke Co........................ 4 ,994
499 ,4 0 0 00
Scandinavian Coal & Mining Co.. . . 100
1,000 00
$ 1 ,2 5 6 ,5 0 0 00
R . — 3 . G e n e r a l A c c o u n t J u n e 30, 1893.
ATCHISON T O P E K A & S A N T A F E R A IL R O A D C O M P A N Y CO NSOLIDATED SY8TEM .
ASSETS (CAPITAL).
I n d ir e c t I n v e st m e n t s R e p r e s e n t e d b y C a p it a l St o c k s D e p o s it e d
w i t h U n io n T r u s t C o ., o f N e w Y o r k , T r u s t e e . —O w n e d
b y I n v e s t m e n t P r o p e r t ie s w h o s e St o c k a n d B o n d s
ar e P ledged under G en eral M o rtgage I ndenture.
Shares.
Par Value.
Owned by—
$ 9 ,0 0 0 00 St. J. St.L.& S.F.R y.Co.
Atch. Union Dep.&RR.Co.
9
4 2 4 ,6 5 0 0 0 P. & A . V. RR. Co.
Canyon City Coal Co......... 8 ,493
200.000 00 The So. Kan. Ry. Co.
Cher.&Piits. Coal &M .Co. 2 ,000
49,7 0 0 00 K .C . T. & W. RR. Co.
The Kansas C.Belt Ry.Oo.
497
21,0 0 0 00 The So. Kan. Ry. Co.
Kansas C. Union Dep. Co.
210
244 ,6 0 0 00 N. M. & So. P. RR. Co,
Las VegasHot Springs Co. 2 ,446
The Mississippi River RR.
9 9 9 .5 0 0 00 C. S. F. & C. Ry. Co.
& Toll Bridge C o................ 9,995
122.500 00 St. J. St.L. & 8 .F .R y .C o ,
St. Joseph Term’lR R . Co. 1,225
4 4 8 .0 0 0 00 C. 8. F. & 0. Ry. Co.
The Sibley Bridge Co....... 4 ,480
The So. Kan. R y. Co......... 37,434 3 ,7 4 3 ,4 0 0 00 K . C. T. & W . RR. Co.
The Southern Kansas Ry.
595 .5 0 0 00 The So. Kan. Ry. Co.
Co. of T e x a s ..................... 5,955
161 ,8 0 0 00 P. & A. V. RR. Co.
The Trinidad C’l&C’kg Co. 1,618
The Southern Kansas <
fe
3 0 0 .0 0 0 00 The C. K . & W. RR.Co*
Pan Handle RR. Co___ 3 ,000
Totals. |
$ 7 ,3 1 9 ,6 5 0 00
Par V a lu e ...
Ledger Cost. $ 5 ,3 5 8 ,4 4 3 0 3
C .—G e n e r a l A c c o u n t J une 3 0, 1893.
ATCH ISO N T O P E K A & SAN TA FE R AIL R O AD C O M P A N Y CONSOLIDATED SYSTEM.
ASSETS.
OTHER
IN V E S T M E N T S ,
S u n d r y S e c u r it ie s a n d L a n ds — n o t P l e d g e d u n d e r G e n e r a l
M o r t g a g e I n d e n t u r e — O w n e d b y A t c h . T o p . & S. F e R R . Co.
Ledaer Cost.
Par.
STOCKS.
Shares.
$
"$
13.095 27
A . T. & 8. F. RR. Co.Capital Stock. 131
13,100
215 ,7 0 0 00
Aztec L ard & Cattle Co. Stock....... 2 ,157
2 1 5 ,7 0 0
255 .0 0 0 00
Topeka Equipment Co. Stock......... 2 ,5 5 0
2 55.000
5 0 .0 0 0 00
Western Union B eef Co. Stock . .2 ,0 0 0
50,0 0 0
Chic. Un. Transf. Ry. Co. Pref. St’k 4 0 0
40,0 0 0 )
4 0 .0 0 0 0 0
Do.
do.
Com. Stk. 4 0 0
4 0 ,0 0 0 >
9 8 .5 0 0 00
Pacific Land Imp. Co. Cap’ I St’k . . . 985
9 8 ,5 0 0
4 ,8 0 0 , 0 0
Prescott & Arizona Cent. R y. C o.. 349
34,9 0 0
Arizona Mineral Belt R R . Co.:
Min. Belt Coal & Iron Co. 8tock.. 2 4 0
24,0 0 0 )
25,7 5 0 00
A. M. B. RR. Co. Bonds..................
31 hds 31,0 0 0 5
12.500 0 0
Leavenworth Dep. & RR. Co. Stock. 125
12,500
50.0 0 0 00
Raton Water Company Stock.......... 5 0 0
50.0 0 0
110 .0 0 0 00
The Vulcan Fuel Co. Cap. Stock.6 0 0 ,0 0 0
600 ,0 0 0
1,464,700
BONDS.
371 .0 0 0
Atl.&Pac.RR.Co.Gnar. T ru st4 P. C ----4 5 ,0 0 0 )
Atl. & Pac. R R. Co. W . D. Inc. List...........
5 4 9 ,5 0 0 '
Atl. & Pac. RR. Co. W . D . Incom e.............
A tl. & Pac. RR. Co. Stock................. 9,218 Sll8
6 8 7 .0 0 0 J
A tl. & Pac. RR. Co. C. D. Tncome.............
100.000
Aztec Land & Cat. Co. 1 st M. 6 P C...........
4 ,5 0 0
Atch. U 11. D. & RR. Co.2d M .5P C.............
100,000
Trin i d ad C’l & Cok. Co. 1 st M. 6 P. C. . . .
36,000
Town of La Junta Water Bonds................
200
Grant Co. (Kan.) Funding Bonds.............
1,000
Donna Anna County (N.M). Bonds. . . . .
200
Rio Arriba Co. (N.M.)Fund. Bonds...........
C. K. & W. RR. Co.
*162,500 00
sap.
3,3 5 9 ,1 0 0
R E A L E ST A TE AN D LANDS.
Lands in K ansas......... - ..................................
Real Estate in Los A D geles, C a l... . . . .
a . & P. Lands, G .F. Crane.Trustee —
R ealE. & L. Dep. G.C.& S.F.Ry.Co. . . . .
Miscellaneous...................................................
8 75,345 27
296 ,8 0 0 00
452 ,4 8 5 66
9 0 .0 0 0 00
4 ,5 0 0 0 0
9 1 .0 0 0 00
3 4 ,9 2 0 52
140 0 0
1 ,0 0 0 0 0
200 00
1 .8 4 6 ,3 9 1 4 5
94,2 7 6
65,9 3 3
1 ,6 5 2 ,2 7 0
217,611
40,5 3 1
97
23
38
26
83
2,0 7 0 ,6 2 3 67
Total
3 ,9 1 7 ,0 1 5 lfr
D ecember 9, I89S.J
THE CHRONICLE
D .—G eneral account J une SO, 1893.
F .—1 .
ATCHISON TOPEKA & SANTA FE R A ILR O A D C O M P A N Y CONSOLIDATED SYSTEM.
ASSETS (DEFERRED).
F
Incom e
3 0 0 ,3 3 6
9 1 ,0 0 0
1 1 5 ,8 1 9
3 1 .9 8 2
................. .............
Pacific Land improvement Co....................
Miscellaneous............. ....................................
50
00
90
15
S8,291.520 22
E . — GENERAL ACCOUNT JONB 3 0 , 1893.
ATCHISON TOPEK A & SANTA FE RAILR O A D C O M P A N Y CONSOLIDATED SYSTEM.
ASSETS (DEFERRED RESOURCES).
A N I> P E E L
IN
STOCK.
PCEL.................... ...........................................
$211,656 25
M
1,'J 1
.:
i
.................... -
IJ IN IS O -C A K S U P P L IE S ..............................................
2 ,9 0 6 5 3
$ 1 ,2 5 5 ,3 7 0 82
C o rporation -Exrmm n B a t a :*
/Su«.>—stock s.—Freight on C o'y Mater’ l
a n » o -c » R
$1,280,924 20
11.025 20
e q u ip m e n t ............
.........................................
A G G R E G A T E ,..........................................
Sundry P
F . — G i N RIIAL A C C O U N T J t 'N B 3 0 , 1 8 9 3 .
D
TEAK
E N D IN G
—
o r
FROM
Y ear
vestm en ts
E
OTHER
n d in g
J
une
SOU RCES.
30, 1893.
:
b s id y
................................ ..................................................................... 2 5 0 , 0 0 0 0 0
r o f it s
:
educt
:
General Interest and Discount (Net)................. 93,875 39
Loss from Operating Las Vegas H ot Springs
NET EARNINGS...........................
$ 1 2 ,1 2 0 ,8 6 6 20
2 5 ,1 7 4 ,9 0 5 14
A T U U SO N
TO PEKA & SANTA FE RAILRO AD COM
P A N Y -C O N SO L ID A T E D SYSTEM
IN C O M E A C C O U N T F O R
JU N E 30, 1893.
EARNINGS—
YEAR
P a s s e n g e r _____________
80,440 60
3 4 2 ,1 6 4
28
8 ,7 2 0 ,8 3 1 7 2
U. S. H ills ..............................................
Express .................................................
M iscella n eou s........... ............... - ........
$12,066,425 60
919,450 14
1,056,206 85
1,828,609 30
GROSS BA RNS. FROM OPERAT’NS
OPERAT’D AND GEN’ L EXPENSES.
$41,316,546 79
28,605,799 24
NET EARNINGS...............................
$12,710,747 5 5
DEDUCT—
$11,724 2 6 1 3 2
A u n -R K C PTS OTHER SOURCES:
Incom e from Investm ent*...............
Sonora Subsidy................
$707,982 53
250,000 00
Sundry Profit*........................................
Discount on Net Earnings o f Sonora
Ry,. inch above in Mex. Currency,
reducing same to U. 8. C urrency...
Expense* Sonora Ry., G eneral.........
2 3 ,7 6 , 57
L ew*—
Gen’l Interest and Dis
count (Net)................. $93,875 39
laws from operat e La*
-®9 43,972 58
$12,650,306 95
137.847 97
813,902 13
Payment to Bt,Louis A San Fran.Ry.
Cn.imdoi'agreement'Of O c t .5 ,1880
342,164 28
$12,308,142 67
$ 1 2 ,5 0 8 ,1 6 3 4 5
210,834 44
ADD REUTS FROM OTHER SOURCES—
Income from Investm ents.................
$539,982 53
Sonora Subsidy.....................................
z 5 ? ‘2 2 S 2 v
Sundry P rofits.................---■
26,767 57
Land Department, A. & P. R R . Co.,
Net R eceipts.......................................
11,608 2o
$828,358 35
L ess Gen’l Interest and
Discount (Net).............. $246,586 03
Loss from operat’g Las
Vega* Hot Springs
Property......... ...........
43,972 58
_________—
1 ,#
290,558 6 1 -
$537,799 7 4
67,484 oo
5 ,1 2 1 ,9 0 8 0 0
Balance..................................................................................... ...
A. T. A ~. F RR. Co2d Mort. 4 percent
B d s.. $2.151,020 00
DIRECT F IX E D CHARGES—
Taxes
$1,278,488 15
Rental oi T ra ck .....................................
436,415 88
Rental of R olling S to ck ..- - - - - - S? s ’ i r I oo
Rental (Mojave Div,, A, & P. RR.),
218,133 00
Less :
lot. on
bonds
own'd
by Co.
60,440 6Q
Deduct —
Balance..
I » t . on
bon<t«
own'd
by Co.
$47,187 65
13,252 95
$981,750 10
d ir e c t f ix e d c h a r g e s —
T a x e s .................................................... ................. $ 1 , 1 0 5 , 8 2 7 1 7
R e n t a l o f T r a c k .............................................
334 8 5 3 25
B eni.il o f S oiling .stock....................
Interest on Bond —
A. T. ,8 S. F. RR. Co.
Guar. Fund Notes . $120,000 00
A. T. * S. F. RR. Co.
• p, ct. Gen'! Mort.
i
Bd* $5,189,392 00
E N D IN G
T r a f f ic —
Freight........................................................ 2 1
D educt —
D educt —
Paym ent to SL L. & 5. Fran. By. Co.
under agreement ot Oct. 5, 1886.
137,847 97
T otal P ro fit * ............................................................$843,902 13
GEN ERAL,
$ 3 7 ,3 0 1 ,7 7 1 3 4
47,187 65
13,252 95
2 3 ,7 6 7 5 7
(I ncluding St . Louis K ansas C it y & Colorado R ailroad Com
pan y , tu b Colorado M idland R a il w a y Company and one u a l i Atlan tic A P acific R a il r o a d Com pany .
38
78
,6
46
GROSS E 'R N 'G s PROM OPKR’ NS
O P E K A T G A- GEN’ L EXPEN SES..
Discount on Net Earning* o f the
Sonera B y., included above In
M exican ourrenoy. reduo's aame
to trusted State* C u r r e n c y ....----Expense* ~ "h or» Ry.—General-----
30, 1893.
Property............. ................................................... 43.972 58
tO P K B A T tO K * ST. L O C IS K A N SA S C l t t & C O L O H A D O R R . C o . , THE
Co lorado M idland R y . Co .. and < ne- ji* u - A tlantic A
>
PACtrtc RR. C o., not included , For Consolidate !!
I ncome Account , including results from
these P kopekties . s ee N e s t column .)
F reigh t........................................& 25,8154,381 96
- ........
7,946,829
U. a. M ails...................................
827,119
H x p rr-!....... .............................. . . . . .
930,732
Miaeeltaoeoa*..................................... 1,742,704
une
$ 9 8 1 ,7 5 0 1 0
ATCHISON TOPEKA & SANTA FE RAILR O A D C O M P A N Y CONSOLIDATED SYSTEM.
r a f f ic
J
Profit on R oad Tax R eceipts................................ $5,300 87
Receipt* from Land Department (Net).............. 14,739 70
M iscellaneous......................................................... 3,727 0 0
» Freight charge* advanced *>y other road* and not yet distributed to
th e several classes o f Material.
T
In
from
So n o r a S u
$1,291.949 40
IN CO H E A C C O U N T F O B
JU N E 30, 1893.
PARSINGS.
ccount
Total Incom e from Investm ents........................................ $707,982 53
25,553 38
-G E N E R A L
A
Osage Carbon C o.... Dividend.
.......................... $30,000 00
San Pedro Coal & Coke
Co. “
........................... 42,000 00
Cherokee & Pitts, C. &M.Co.
“
......................... 60,000 00
Canyon City Coal Co...............
“
...................................... 17,000 00
“
Raton Coal & Coke Co ..........
...................................... 15,000 00
Trinidad Coal & Coking C o.
“
...................................... 65.000 00
Santa Fe Town & Land Co.
“
................................... 20,000 00
Leaven w’ th Depot & RR Co.
*
•
.......................................
1,500 00
Union Depot Co. (Kan. City)
................................
29,000 00
Topeka E quipm ent C o.........
...................................... 15,300 00
La Junta Mater Co........
“
.......................................
8,717 01
“
Sundry Town C os.........
.......................................
1,272 53
Interest....................... 52,410 00
Wichita & Western Ry. Co. Bonds
“
450 00
Atchison Union Depot Co. B onds___
“
Azt*-e Land & Cattle Co. Bonds_____
....................
6,000 00
Trinidad Coal & Coking Co. B on d s..
“
....................
6,000 00
“
450 00
Kansas c ity Belt liy . Co. B onds.........
City of Wellington A id B on d s............
“
454 66
Chase County RR. Aid B onds..........
“
1,568 33
•
•
90 00
Rush County Funding Bonds............
“
....... - ..........
60 00
Donna Anna County B on d s...............
....................
12 00
“
R io Arriba County Bonds...................
....................... 14,840 00
Atlantic & Pacific RR. Co. 4 p.e. Bds,
______ ____ 168,000 00
"
Atlantia & Pacific RR Co. 2d M. Bds.
.................... 152,858 00
St. Louis A S. F. Ry Co. 4 p.c. B d s...
1 ,7 4 4 ,4 7 8 3 6
.....................................................
M A T K K IA I.
en eral
R E C E IP T S
S t Louis Kan. City & Col. RE. C o............
Atchison Topeka & Santa Fe RR. Co. in
R io Grande Land Co
G
ATCHISON T O PEK A & SANTA FE R A ILR O A D COM PANYCONSOLIDATED SYSTEM.
D ue from S u n da y a u x il ia r y Companies f o b A dvaxces , etc .
A tlantic A P a c ih c RR. C o .:
Loan A ccou n t.................... ........................$5,663,514 10
Contribution A ccount.............................
311,348 91 $6,007,893 01
Chicago —
9 8 9
I nterest
-2,139,256 38
Chic. & St. Louis Ry.
9 0 ,0 0 0 00
Co. 1st Mort Bond*
fit. Joseph S t Louis
& Santa Fo Rv. Co.
480 00
1st Mort. Bond*—
H o in lic e » ■ p e r C e n ’ l A o.c’ t.
on
Bo n d s :
A, T. A S. F. RR. Co. Guar-
1 1 .7 6 3 9 2
antee Fund Notes............$ 4 2 0 ,0 0 0 00
7 ,7 7 1 ,6 4 4 3 8
9,423,159 24
# 3 ,1 4 5 ,0 0 4 2 1
At. T. & S. Fe
RR.Co., 4%
Gen.M. Bds.$ 5 ,189,392 00
L ess: Int. on
Bds. own’d
by C o........
*
67,484 00
---------1-------- 5,121,908 00
41
THE CHRONICLE.
990
B r o u g h t f o r w a r d ..........................................
2 183,01304
$ 12, 843,94241
$ ,
A . T. < 8. Fe
fe
HR. Co.. 2d
M. 4% B ds.$2,151,020 0 0
L ess: I nt.
on Bds.own,
l>y Co.........
11,703 62
--------------------- 2,1 3 9 ,2 5 6 38
Chic. & St L Ry. Co. 1st
Mort. Bond 8..........
9 0 ,0 0 0
00
St. Jo. St. L. & S. Fe Ky.
Co., 1st Mort. B o n d s...
480 00
A . & P. HR. Co. Ciuur. Tr.
4 % Bonds (*«)... 3 7 5 ,S30 00
A . c P. HR. Co.. 2d Mort.
V
6 % B ds( )$165.CUU 00
Less: Am t.
received on
Bds.own’d. 165 ,0 0 0 00
$,yS,rc6jg
Brought forw ard............................................................................ ..
F ix e d Ch a r g e s :
Taxes ................................................................................................ $ 1 2 0 ,0 0 0 00
K intal Knad in California..........................................................
4 3 6 ,2 6 6 00
Rental of T ra c k ............
.................................................
11,429 39
Rental of Locomotives and Cars......... ..................... ..........
56,869 69
Interest on Bonds................................. ........................................ 1 ,0 8 1 ,7 6 0 00$ 1 ,7 0 0 ,3 2 5 0 8
D e ficien cy a ft er F ix e d C h a r g e s ................................................$ 1 , 2 2 8 , 2 1 8 6 9
D educt : Miscellaneous Interest Received..........................
802 86
D
e f ic it
from
O
p e r a t io n
of
R
o a d
.............................
$ 1 ,2 2 7 ,4 1 5 8 3
A dd : 1m erest ou Unfunded Dent due to A , T. & S. F.
RIt. Co. and St. E. & 8. F. R y. Co......................................
6 8 9 ,9 1 2 30
$ 1 ,9 1 7 ,3 2 8 1 3
D educt :
Receipts from Laud Grant Trustee.......................................
Col. Mid. By. Co. 1st Mor.
Bonds................................. 3 7 5 ,0 0 0 00
Col. Midi. By. Co. Consol.
Mort. Bonds......... ........ 180,230 00
Col. Mid. Ry. Co. Eguip’t
Bonds, 1st Series...........
26,8 3 3 33
Col. Mid. By. Co. Equip’ t
Bonds, Series “ B ” ........
12,960 00
--------------------- $8,7 4 2 ,5 4 7 71 $ 1 0 ,9 2 7 ,5 6 0 75
N e t s u r p l u s f o r t lie y e a r .................................... $ 1 , 9 1 8 , 3 8 1
66
IN C O M E A C C O U N T F O R
JUNE 30, 1893.
TEAK
84,5 5 2 75
.$ 1 ,8 3 2 ,77 5 38
D e ficie n c y o f R a il r o a d
L and D epartm en t —
R e c e ip t s :'
Sales of Land................. .
Sales of Town L ots____
Royalties..........................
Interest..............................
Miscellaneous.................
$2,2 7 1
7 ,117
8 5 ,6 5 8
9 ,851
43
67
08
32
61
00
$ 1 0 5 ,2 7 6 71
ATLA N TIC & P A C IF IC R A IL R O A D COMPANY.
GENERAL
[Vol. Lvrx,
P a ym e n ts :
Expenses..........................
T axes..................................................................
Payment tiy Land Grant Trustee, A c
count of Interest Coupons of 8eeoud
Mortgage Bond—W estern D iv .............
Cancellation of Land Sales....................
E N D IN G
E a e n is g s —
Freight............................................................................................... $ 2 ,3 9 7 ,9 4 3 45
8 1 4 ,7 4 1 1 4
Passenger.......................... ..............................................................
Mail...................................................................... ..............................
126,849 01
152,049 98
E xpress.................................... ............................................... .......
Miscellaneous....................................................................., ...........
7 2 ,4 6 1 9 1
3 4 ,9 0 7 61
7 ,819 06
8 4 ,5 5 2 75
3 9 ,3 3 3 54
$ 1 6 6 ,6 1 2 96
G koss E a k n in g s .................................................................... $3 ,5 6 4 ,0 4 5 49
O p e r atin g an d genekajl E x p e n s e s .......................... .......... 3 ,0 8 5 ,9 3 9 10
D
e f ic it
D e f icit
N et E a rnings ....................................... .................................
— L and D
of
................................
6 1 ,3 3 6 2 5
Co m p a n y .........................................
$ 1 ,8 9 4 ,1 1 1 6 3
epartm ent
$ 4 7 8 ,1 0 6 39
A TLA N TIC & P A C IF IC K A IL R O A D COMPANY.
GENERAL
ACCOUNT
JUNE
30, 1893.
ASSETS
LIABILITIES.
CAPITAL.
Cost o f P roi e u t y a n d E quipm ent to J u n e 3 0 ,1 8 9 3 :
Western D ivision.......................................
$ 9 4 ,7 5 5 ,2 8 4 75
Central Division.........................................
2 6 ,3 6 2 ,7 2 5 22
C APITAL .
Ca p it a l S t o c k :
Common. Entire R oad ..............................$ 7 8 ,3 1 7 ,6 0 0 00
Prelerred, Missouri Division.................
4 2 ,7 0 0 00
“
Central
*‘
.................
1 ,4 0 0 ,0 0 0 00
•
--------------------------$ 7 9 ,7 6 0 ,3 0 0 0 0
F unded D eb t .—B onds :
Land Grant, Due 1 9 0 1 ............................
$ 7 9 6 ,6 2 9 00
Guar. Trust 4 Per Cent, Western D iv . 1 6 ,0 0 0 .0 0 0 00
Guar. Trust 4 Per Cent, Central D iv ..
2 ,7 9 4 ,0 0 0 0 0
Second Mortgage 6 Per Cent, West^
ern Division..............................................
5 ,5 0 0 ,0 0 0 00
Iucome Bonds, Due 1910, Western
D iv isio n .............................................
1 2 ,0 0 0 ,0 0 0 00
Income Bonds, Due 1 9 2 2 , Central
D ivision..............................- ......................
1 ,8 2 3 ,0 0 0 00
------------------------3 8 ,9 1 3 ,6 2 9 0 0
$ 1 2 1 ,1 1 8 ,0 0 9 9 7
I m p r o vem en ts :
Western Division.
Central Division..
$ 2 2 8 ,2 1 6 3 1
2 ,070 7 2
$ 2 3 0 ,2 8 7 0 3
S e cur it ies H eld in T rust :
The Mercantile Tr. Co., N. Y ., Trustee
First Mortgaee Bonds (1910) W. D .$ 1 6 ,0 0 0 ,0 0 0 00
First M. Bonds (1910) W. D. co u p .. 2 ,4 1 6 ,4 7 0 00
$ 1 8 ,4 1 6 ,4 7 0 00
The Mercantile Tr. Co., N. Y .. Trustee
First Mort gage Bonds (L922) C. D .._ . $ 2 ,7 9 4 ,0 0 0 00
First M. Bonds (1922) C. D., coup.......
6 8 4 ,5 4 0 00
$ 3 ,4 7 8 ,5 4 0 0 0 $ 2 1 ,8 9 5 ,0 1 0 00
DEFEBBED.
M a t e r ia l a n d S u pplies ............................
U . S. T ru st Co . o f N. Y ., T r u st er ........
S u n d r y A ccounts in process of Ad
justment.........................................................
N otes R e c eiv a b l e :
A r. Min. Belt Ky. C o ...............................
Pres. & Ar. Cent. By. Co..........................
$1 5 6 ,1 9 2 60
238 ,5 6 7 23
2 1 0 ,4 9 2 03
$ 2 5 ,0 0 0 00
3 ,449 63
28,4 4 9 63
$6 3 3 ,7 0 1 49
CURRENT.
R e c e iv a b l e :
Due from Agents, Companies and In
dividuals in Current Operating and
Traffic Accounts.....................................
B ills R e c e iv a b l e .......................................
C a sh :
Treasurer. Boston.......................................
Cashier, Albuquerqtm...................................
The Mercantile Trust C o * New York.
Deposit for Payment of C o u pon s...
A
ccounts
$4 5 4 ,3 0 1 17
$ 7 5 ,0 0 0 00
$22 ,5 8 8 48
1 18,956 12
3 8 1 ,2 0 0 0 0
$ 1 ,0 5 2 ,0 4 5 77
D
o f R a il r o a d t o J u n e 3 0,
1 8 9 3 ............................. ....................................... $ 1 2 , 6 7 4 , 1 3 6 5 8
e f ic it
$ 2 3 3 ,0 4 0 37
61,3 3 6 25
S urplus L an d D epartm en t J une
3 0 ,1 8 9 3 ............. . ..................................
DEFERRED.
D ue to A . T. & S. F. RR. Co. in Gen
eral Account................................................
D ue to St L. & S. F. Ry. Co. in Gen
eral Account..................................... .........
D u e to A. T. & S. F. and St. L. & S. F.
Cos for Interest on Advances'^............
N otes P a y a b l e , held by A . T. & S. F.
and St. L. < S. F. Cos.:
fc
Western Division....................................... $ 7 ,9 8 3 ,0 7 7 48
Western Division, Rebate Loans..........
1,2 2 0 .7 7 8 64
Central Division........................................
1 ,6 8 2 ,1 9 2 41
$ 9 0 0 ,9 3 4 98
$ 7 1 8 ,5 4 5 80
$ 3 ,0 6 2 ,5 4 9 50
10 ,8 8 6 ,0 4 8 53
$52 2 ,7 4 4 60
INCOME.
D eficit of R a il r o a d
J une 30, 1 8 9 2 ...........$ 1 0 ,8 4 1 ,3 5 3 75
Additions during the
year........................ ........................ 7 4 5 $ 1 0 ,8 4 1 ,3 6 1 2 0
Debit balance of Income Account
(see above) for year ending J une
3 0 ,1 8 9 3 ............... ................................
1,832,775 38
B and D e p a r t m e n t :
Surplus June 30, 1 8 9 2 .............................
Deficit for year ending June 3 0 ,1 8 9 3 .
$ 1 1 8 ,6 7 3 ,9 2 9 0 0
R efu n d ed D e b t :
Bonds and Coupons Deposited with
Mercantile Trust Co., Trustee, as
Collateral for Guaranteed Trust 4
Per CeDt Bonds. (See contra.)
First Mortgage, Due 1910, Western
D ivision......................................................$ 1 8 ,4 1 6 ,4 7 0 00
First Mortgage, Due 1922, Central
Division ....................................................
3 ,4 7 8 ,5 4 0 0 0
p*
------------------------- $ 2 1 ,8 9 5 ,0 1 0
CURRENT.
A ccounts P a t a b l e :
Due to Companies, Individuals, etc.,
in Current Operating and Traffic
A c c o u n ts....................................................
5 9 4 ,0 9 2 41
B ond I n t e r e st Co u p o n s :
Past Due, not Presented..........................
$ 5 ,4 3 0 0 0
Due July 1 ......................................................
37 5 ,8 8 0 00
------------------------------------------------ 3 8 1 ,3 1 0 00
A ccruing O b ligations , b u t not n o w
Due:
Interest on Bonds, Western D iv .........
$ 1 1 0 ,0 0 0 00
Rental Road m California.......................
109 ,0 6 6 50
-------------------------2 1 9 ,0 6 6 5 0
$ 1 7 1 ,7 0 4 12
D
e f i c i t of
Co m pan y J
une 3 0 , 1 8 9 3
CAN CELED BONDS.
Second Mortgage 6 Per Cent, Western
D iv ision .........................................................
1 0 0 ,0 0 0 0 0 .
$ 1 2 ,5 0 2 ,4 3 2 4 6
$ 1 5 7 ,4 3 1 ,4 8 6 72
$ 1 5 7 ,4 3 1 ,4 8 6 7 2
The Company owns 1 4 .9 86,457 Acres of Land the value of which is
not included in this account.
Mileage, 9 3 4 T 5 . Operated M ileage-including 12*69 miles Trackage
Over A. T. & S. F. R R ., 946*84.
Property jointly owned by Atchison andSt.L . dcSan Fran. Companies.
'This item, although shown here as a liability and charged to Income
Account, is not considered in the accounts of the Atchison ” and
“ Frisco ” Cos.
THE CHRONICLE.
December 9, 1893,]
THE
COLORADO
G E S E R it
CAPITAL.
Co s t
of
M ID L A N D
ACCOUNT
R A IL W A Y
,1 I N K
30,
99]
COM PANY.
1S93.
ASSETS.
LIABILITIES.
CAPITAL.
C a ' ttat. Sto ck ............................................
P roperty :
Road and Equipment to June 30.1892.*18,726,551 89
A d d itio n s d u rin g Year to Juue 3 0 , 1 893:
R o » l ................- ........................................
161,925 70
E quipm ent................................................
3,568 04
B q o f m f n t T r u st : Cost o f R olling
S tock in Trust to secure Equipment
Bonds, v i e :
$IS,S92,045 33
472,590 00
202,973 94
“ First Series” ........................... .................
"S eries B ” ................................................
IEq OIPm bst L e a s e s : Rolling stock be
ing acquired under Deferred Pay
ments as Rental, when paid fo r to be
carried to Equipm ent A cco u n t...........
$8,000,000 00
F unded D e b t :
$6,250,000 00
First Mortgage Bonds.............................
Consolidated M ortgage 4 p . c. Bonds and
4,886,095 10
S crip..................................
Consoddated M ortgage 4 p. o. Bonds
Available, not, yet Issued........................ 1,113,904 90
Equipm ent Bonds:
* first Series” . — ....................................
•
353,000 0 0
" Series-B” .................................................
21 6,00 000
$12,819,000 00
$20,819,000 00DEFERRED.
E q u ip m e n t L ease War r a n t s ................
CURRENT.
A ccount? P a y a b le :
Due to Companies, Individuals, etc., to
Current O perating & Traffic Accounts.
L oans Pa y a b l e (to A. T. & B.F. RR.Co.)
118,391 76
$793,955 70 $19,686,001 03
R i o G r a n d e Jc. R r . Co. C a p it a l
S t o c k , N om in al va lu e o f 7 ,3 7 1 “o
aba te* l P a r * 7 3 7 ,1 3 0 OO)........................
D12 EJERKED
T ' t a h Mini.ASt> K v . C o .: Subscrii>tiou
1 00
to Capital Stock, etc .............................
Coupons Due July 1 .1 8 9 3 .........................
Coupons past Due, not Presented ..........
278,439 96
CURRENT.
6,480 00
5,130 00
I n t e r e s t on B o n d s a c c r u e d , b u t n o t
n o w D u e ........................................................
104.894 42
JUSTMENT................... .............................
$155,754 57
1,249,401 34
Bond I nterest, Matu red :
36,103 01
137,381 93
M a t e r i a l a s p f c k i . i s S t o c k .................
B csD R Y ACCOUNTS IN PROCESS .0 AD
10,571 96
120,849 99
1,837,615 90'
A ccounts R e c e iv a b l e :
D u e from Companies, individual?, and
17. 8, Governm ent, in Current Operat^ ing and Traffic A ccou nts..... ...........
320,935 00
50,409 58
371,344 58
Consolidated M o r t g a g e
A V A IL A B L E F u n
TUB COM PANY :
bonds
REQ U IREM EN TS O F
333.095 10
1,113,904 90
Issued and in T re a su ry ........................
II nissu.Kl...................................................
1,417,000 00
IKCOME,
D e f i c i t t o J r v e 3 0 , 1 8 9 3 ...........................
395,035 02
D »F iC i t FOB. Y e a s
4 89 ,36 8 27
lnt ».
J i v t 3 0 , 1803.
D eficit t o J une 3 0 ,1 8 9 3 .......................
88-1,401 29
$-22.667,187 86
$22,667,187 86
Co l o r a d o m i d l a n d r a i l w a y c o m
I X C 0 B E A C t O U S T P o l l Y Iv A K E N D IN G
F ixf. d C h a r g e s :
t h e
C E S E K U
Ea b s in o s ;
•Prewto...........................................................$1,696,973 80
p assen g er...................................... ...................
Express....... ..........................................
45,743 07
20 ,021 57
M iscellaneous...................... .........................
49.025 41
G ross E arning * ............... ...........
O perating
an d
$2,140,005 96
1,79.5,377 39
G e n er al E x p e n s e s .
N'r.T E arnings ,
30,
1893
Rentiii o f Locom otives and Cars..............
Rental o f Tracks and Term inals...............
Taxers..............................................................
Interest or. B on d s:
First M ortgage...................$375,000 00
Consolidated Mortgage
180,230 00
Equipment, First s e r ie s... 26,333 33
"
Series B ......... 12,960 00
3 3 2 ,2 4 1 7 8
M a il.................................................................
.
JUNE
p a n y
$341,628 57
$5,554 ,»3
05,817 93
109,230 71
595,023 33
Ot h e r C h a r g e s : In te re s t a n d D isco u n t.
T o t a l D e f ic it
S T , L O U IS
KANSAS
C I T Y & C O L O R A D ;)
GKNEKAL
ACCOUNT
for th e
R A IL R O A D
JUNE
$775,656 00
434,027 43
53,338 84
Dt.FtCIBXCT AFTER FIXED CHARGES.
Y e a r .......................................
$ 4 8 9 ,3 6 6 2 7
COM PANY.
30, 1893.
ASSETS.
LIABILITIES.
CAPITAL.
C apital St o c k ..........................................$1,600,000 00
F irst Mo rtgage 6 P er C ent B onds . . . l , 381,600 00
C cw r <>f P r o p e r t y .........................................$ 3 ,0 8 8 ,8 9 9 5 3
C o st o f F o re s t Park K B ...............................
7 0 4 ,0 0 0 0 0
- $ 3 ,8 3 2 ,8 9 9 53
- $ 2 ,9 8 1 ,0 0 0 0 0
DEFLUKED.
M a t e r i a l an d F u e l in St o c k .
u n a d ju s te d in s u r a n c e ....................
$-1,902 17
710 54
5.612 71
A U X I L fA P .Y C O M P A N I E S .
D u e t o A . T . A- 8 . P . FritXV,. i n C u r. A e c t . S l ,7 4 4 ,4 7 8 3 6
•fur. on Bonds: M atured.,..$ 2 3 -1 ,7 7 0 0 0
A ccrued...................................
15,955 00
-----------------310,725 00
2,055,203 36
CURRENT.
A ccounts K kittvahi.e—
Due from Sundry Companies, Indi
viduals, etc., In Current Operating
and Traffic A c co u n ts ...........................
C ash —T reasurer, 8t, LouU ........................
D eficit J une 30, 1892...............................
D eficit rnit Y ear i a d J i m . 30. 1893.
$6,250 41
1,396 13
7,646 54
INCOME.
$969,354 10
218.016 61
D eficit J o se 3 0 ,1 9 9 3 ...........................
A ccounts P a yab le —
Due to Sunary Companies, Individ
uals. etc., in Current Operating and
Traffic A cco u n ts..................................
Taxes Accrued, but not D ue.................
$15,558 51
1,767 62
1,187,370 71
$5,053,529 49-
$5,053.520 49
Mm
voe .
•
*
June 3 0 ,1 8 9 2 : O w ned,5 6 -9 0 ; Operated (including4-50 miles Leased), 61-40.
June 30, 1 $ -'3 :
"
56-90;
Property owned by Atchison Company.
17,326 13
•
*
•
•
4'50
„
“
All owned by A . T. & S. F. RR. Co.
61-40.
N T . L O U I S K A N S A S C I T Y & C O L O R A D O R R , CO.
G E N E R A L , IN C O M E A C C O U N T FO R, Y E A It E N D IN G J U N E 3 0 , 1 8 9 3 .
E arnings :
Freight...................................................
F
$51,118 29
P a s s e n g e r ...................................................................................
3 4 ,3 8 9 9 9
M ail..............................................
2,883 09
E xpress.......................................................................... 3,706 03
Miscellaneous..................................................
G ross E arnings ....... ...................
O peratin g and G en eral E xpenses ,
N
rt
E
a r n i n g s ..........................................
648 45
ix e d
Ch
arges:
Rental of T rack............................................................ $30,000 00
Rental of R olling Stock........................................ 7,152 70
T a x e s ..............
3,430 27
Interest o h B onds........................................................ 82,860 00 $123,442 97
D eficiency after F ix e d ch a r g e s ..
e
ar
$92,746 75 Ot hter Cho n g e s :a n c e s ........................................
In re s t
adv
8 9 ,5 4 7 10
$ 3 ,1 9 9 59
Deficiency of the Com pany f o r Y ear
ending J une 30, 1893..............................
120,248 33
97,773 23,
$218,016 61
99 2
1HE CHRONICLE
A T C H IS O N
TOPEKA
&
SAN TA
FE
rvoL. l v i i ,
R A IL R O A D
SYSTEM .
S T A T E M E N T S H O W IN G O P E R A T E D M IL E A G E O F R O A D S A T C L O S E O F F IS C A L T E A R S F R O M 1 8 7 0 T O 1 8 9 0 .
31,
1870.
Mar.
Miles.
A
t c h is o n
Topeka
2700
& S a n t a F f. K B . .
R A IL R O A D S .
31,
1880.
Dec.
Miles.
31,
1871.
Mar.
Miles.
31,
1872.
Mar.
31 ,
1881.
Dec.
Miles.
31,
1873.
Dec.
Miles.
Miles.
135*50
82-00
31,
1873.
Mar.
31,
1882.
Dec.
Miles.
Miles.
31,
1883.
Dec.
508*68
31,
1884.
Dec.
Miles.
Miles.
Dec.
Miles.
496-81
31,
1876.
31,
1874.
|3 ^
R A IL R O A D S ,
508-68
31,
1885.
31,
1886.
Miles.
Miles.
Miles.
Miles.
868-54 1,167-56
31,
1889.
Dec.
Dec.
Miles.
Miles.
786*14
31,
1888.
31,
1887.
Dec.
Dec.
Dec.
Miles.
711*61
31,
1879.
31,
1878.
Dec.
Miles.
711-61
Dec.
31,
1877.
Dec.
30,
1890.
Dec.
Miles.
Miles.
June
1,502*32 1,789*37 1,820-47 1,820*47 1,837*18 1,867*76 1,887-28 2,070-51
384-48 384*48 398-58 398*58 506*93 528*80 550-06 881*75 }
C o n so l. S y ste m (M ay 1, 18 88)
3,024*50 3*026*26
C
K
&W
R R .. .
779-65 943*29 943*46
C
S
F
^C
R .
516*70 516*70
S . J
S .L
< S
fc
F
R .
97*20 97*20
C o n s o l . S y s te m ( .I a n . 1 ,1 8 9 0 )
S ew M
& A
..................
87-78 87*78 87*78 87*78 87*78 87*78 87*78 87*78
S
R ..................................................
262-41 262*41 262*41 262*41 262*41 262*41 262*41 262*41
C
S
R ................
278*20 210*61 210*61 )
C
C
R . * ............
120*51 269*09 (
S
C
. R . (N
. 1,18 89.)...
476*20
G
C
& S
F R . .
729*00 1,012*20 1,058-00 1,058*00
S . L
K
C
& C
. R R ..
61-40 61-40 61*40
T
.
R’
. 1,886-80 2,174*15 2,569-24 2,569-24 2,694-30 2,746*75 3,794*73 5,486*82 6,530-98 6,529*41
R O A D S O W N E D J O IN T L Y —
O N E -H A L F :
M
’
& B
R .
28-31 28-31 28*31 28*31 28*31 28*31 28*31 28*31 28*31 28*31
L
T
& S o .W . R
23*15 23*15 23*15 23*15 28*40 28*40 28*40 28*40
W
& W
B ..........................
22*46 22*46 22*46 22*46 22*46
K
P
& W
R R ... .
39*86 39*86
62*32
W
& W
Ry. (Jan.1,1889)
A
& P
R R .—W
.D
.
407*55 407*55 407*55 407*55 407*55 407*55
A
& P
R R .— C
. D
.
51-00 51*00 51-00 56*03 56*03 56*03
T
.
’ R’
-O
28*31 51-46 51-46 532-47 532-47 537-72 582-61 582*61 582*25
28-31
T O T A L S Y S T E M ...................... 1,915-11 2,202*46 2.620-70 2,620*70 3,226*77 3,279*22 4,332*45 6,069 43 7,113*59 7,111-66
A
t c h is o n
h ic a g o
T o p e k a & Sa n t a F
ansas
e x ic o
y
a l if o r n ia
anta
e
r iz o n a
a l if o r n ia
outhern
a l if o r n ia
entral
e
y
olo
a n il a t n a l m a
u r l in g a m e
eavenw orth
opeka
ds
y
y
estern
y
ratt
estern
ic h it a
t l a n t ic
estern
a c if ic
est
iv
t l a n t ic
a c if ic
ent
iv
ot
j o in t l y o w n d
4,582-19
87*78
262-41
y
y
o w n ed an d controlled
ic h it a
in g m a n
y
y
r e
outhern
al
y
ov
ulf
olorado
anta
t
o u is
ansas
it y
ot
Miles.
R R ...
estern
h ic a g o
anta
e
t
o seph
t
o u is
onora
e
ds
ne half
476-20
1,058-00
61*40
6,527-98
28-31
28-04
62-32
407-55
56*03
582-25
7,110-23
Includes Redondo Beach Railway, 10-81 miles.
S T A T E M E N T S H O W IN G O P E R A T E D M IL E A G E O F R O A D S A T C L O S E O F F IS C A L Y E A R S E N D IN G J U N E
3 0 , 1 8 9 1 , 1 8 9 2 A N D 1 8 9 3 . (C
S
P
).
June 30, ’93. June 30, ’92. June 30, ’91
June 30, ’93. June 30*, ’92. June 30, ’91.
Miles.
Miles.
Miles.
Miles.
Miles.
Mile*
A T C H . TOP. & S. PE R R ........... 4 ,5 8 2 -1 2
1,326-93
1,328-17
4,582,12
4,582*12 ST. LOUIS & S. FRANCISCO R Y .1,328-17
N
M e x ic o & A
R R ..
87-78
87*78
87-78
So n o r a R a il w a y .......................... 262 61
262*41 ROADS O W N ED J O IN T L Y —
262-61
S o u t h e r n Ca l if o r n ia R y ........ 490-98
O N E -H A L F —
475*36
490-98
62-32
G u l f Co lo r ad o & 8 . F e R . . . . 1,058-00
62-32
62*32
W
& W
R ............
1,058*00
1,058-00
417*40
St . L ou is K an . Ci t y & Co l . RR.
61-40
417*40
A . & P
. R R .— W
. D
. . . . 417-40
61*40
61-40
56-03
o n t in u a t io n
e w
of
tatem ent
r e c e d in g
r iz o n a
y
Co lo r ad o M id lan d R y . } ..........
T o t a l Ow n e d
and
ic h it a
350 ,4 2
Co n . R d s . 6,893*31
K O A D S O W NED JO IN T LY —
O N E -H A L F :
M a n . A lm a & B u rl in g a m e R y ..
L e a v . T o p . & So. W e s t e r n R y
W ic h it a & W estern R y ...........
A t . & P a c . R R . - W e s t . D i y ___
A t . & P a c . R R .— C e n t . D i y ___
28-31
23-28
62-32
417-40
56-03
T o t a l J o in t l y -O w n e d R ds —
On e -H a l f ..............................
587 34
TO TA L ATCHISON SY STEM . ..7 ,4 8 0 *6 5
A
6,542-89
6,527*07
28*31
23*28
62*32
417-40
56*03
28-31
23*28
62-32
417-40
56-03
587-34
7,130*23
587-34
7,114-41
S T . L O U IS & S A N
t
t.
estern
ac
est
y
iv
& P a c . R R C e n t . D i v ____ . .
T o t a l J o in t l y -O w n e d R d s
O n e - H a l f ..........................................
..
5603
5603
535-75
535-75
535-75
1,863-92
1,862-68
350*42
350-42
9 ,3 4 4 * 5 7
9 ,3 2 7 - 5 1
TO TAL ’FRISCO S Y S T E M *.. ..1 ,8 6 3 -9 2
COLORADO M ID L A N D R Y .t ..
..
t
A g g re g a te d S y s te m ........... 9 , 3 4 4 * 5 7
* Acquired by Atch. Co. in M ay, 1890.
1 Acquired by Atcb. Co. in November, 1890.
} Operations conducted by Atcb. Co.’ s officials beginning May, 1 8 93,
and figures included in those of Atch. System.
F R A N C IS C O
R A IL W A Y
COM PANY.
P R O P E R T Y IN V A R IO U S C O M P A N IE S R E P R E S E N T E D B Y B O N D S O W N E D .
Atlantic & Pacific RR. Co...................................
“
“
“ Central Division..
“
“
“ Western Division.
2nd Mortgage 6 % Bonds.
Income
6%
“
“
6%
“
1st Mortgage Land Grant Scrip.
Augusta City (Kansas). . . . . . . . .V. . . . . . . . . . .'.. . ] ' ‘
.**]
Eureka Improvement Co...........................................................
F t. Smith < Van Buren Bridge Co.........................................
fe
Fayette vine & Little Rock RR. Co.......................................
Joplin Railroad Co........................................................................
Kansas Midland Railway C o .-* ..............................................
Little Rock & Texas Railway Co...........................................
Pittsburg & Columbus Railway Co.......................................
Paris & Great Northern RR. Co............................................
St. Louis Arkansas & Texas Railway Co. (of Arkansas)
St. Louis Arkansas & Texas Railway Co. (of Missouri),
St. Louis Kansas & Southwestern RR. Co..........................
St. Louis Wichita & Western Railway Co..........................
Springfield Connecting Railway C o ./..................................
•'St. Louis & San Francisco Railway Co..............................
7 % Bonds.
7% “
1st Mortgage
1st
“
1st
“
Income
1st Mortgage
1 st
1st
1 st
1 st
l 8t
2 nd
1 st
Land Deben.
Bonds.
t>%
7%
6%
5%
ou
/o
5%
7%
70/o
6%
5%
5%
Total
The following bonds, included in above statement, are deposited with United States
Trust Company of New York, the Mercantile Trust Company, and Union Trust Com
pany of New York, Trustees under various mortgages, as indicated:
Atlantic & Pacific RR. Co............................................................
Fayetteville it Little Rock RR. Co.................................
Joplin Railroad Co........................................................... .............
Kansas Midland Rail wav Co.....................................................
Little Rock & Texas Railway Co.............................................
Pittsburg & Columbus Railway C o........................ ................
Paris & Great Northern RR. Co..............................................
St. Louis Arkansas & Texas Railway Co. (of Arkansas)
St. Louis Arkansas & Texas Railway Co. (of Missouri).
St. Louis Wichita & Western Railway Co.............................
Springfield Connecting Railway Co....................................... .
*St. Louis & San Francisco Railway C o............................... .
2nd Mortgage
1st
“
1 st
Income
1 st
1 st
1 st
“
1 st
1 st
Income
1st
“
Land Deben.
Total
* Issued against lands purchased of Atlantic & Pacific Railroad.
6 % Bds.
ft
5%
7%
ft
tP
•J/0
5%
ft
5%
If
7%
ff
7%
ff
5%
1
1
5%
ff
5%
$2,297,000 00
777.000 00
331,500 00
110 00
454 00
15.000 00
25.000 00
25.000 00
154.000 00
300.000 00
6 8 8 .0 0 0 00
367.000 00
176.000 00
339.000 00
600.000 00
500.000 00
158.000 00
750.000 00
64.000 00
1,215,000 00
...$8,782,064 00
$300,000 00
600,000 00
500,000 00
$1,400,000 00
Deposited with
the Mcrcan. Tr’ l.
Co., Trustee un
der Consolidated
4 % Mortgage.
Deposited ivith
Union Trust Co.
o f T . F., Trustee
V
under Trust 5%
Mortg. o f
$ 2 ,2 9 7 ,0 0 0 00
Deposited ivith
J S. Trust Co.
J.
o f T . Y., Tr ustee
V
under Trust 6 %
Moj'tg. o f 1880.
$154,000 00
6 8 8 ,0 0 0 00
367.000 00
176.000 00
339.000 00
750,000 00
1,215,000 00
$4,950,000 00
1887.
64,000 00
$ 1 ,1 0 0 ,0 0 0 00
D ecember
9,
THE CHRONICLE.
1898.]
I * 8 » i> lin v
IN
V A R IO U S
C O M P A N IE S
KB PRESEN TED
993
BY
C A P I T A !,
STOCKS. O W N E D .
Shares.
P a r Value.
Atlantic. A- F;u !«<• .SR. C o............................ ............ ......................- ....................................... - ........... - ....................................... 279,8141#
$27,931,450
Atlanth & Pacific Equipment C o. . .......... - ...............................................-.................................................................................
2,000
200,000
440
11,000
AfkMMas C ul A Mining C o...................................................................- - - .....................................................................................
Kureka Improvement C o............................................................................................................ - .....................................................
5,382
134,550
1,000
100,000
1 1 - ....................................................... ................ .................... , ................................................................
Ft. Smith A- Van Eurea B ridge C o ........ - ..........- ................... .....................................................................................................
20,000
500,000
Ft. Smith A Southern Ry. C o.............................. ........................................................- ........................ ...........................................
1,675
167,500
,v U n le E.,.-fc KR. C o.................................................
3,300
330,000
..............................................................................................................................................................................
26-S2
2,662
.................. ........- ................... ...............................................................................................
7.160
716,000
Stem ER. Co.....................................................................
10,618
1,061,800
Kan-.
........
................................... - ........................... .............................. - ................................
20,268*3
2,026,850
81*4
8J.25
L »ean Beal Estate 0 # ..... .......................................................................... ......................................- ...............................................
o ......................... ........... ..............................-..........................- - ...........................................................
5.400
540,000
. ........ ..................................................................................... ..................... - ................................................
3,000
300,000
Prescott & Arizona Central Kr. C o .............
247
24,700
....................... - .................................................................................................................... ............
390
39,000
P ails & Great Northern B B . C o.......................................................................................................................................................
5,000
500,000
Pittsburg A < iduiobns Ry. Co............................ — . .................. ........................................ .....................................................
1,800
180,000
- Wichita & Western By. C o ................. ......................... - ............................... ...........................................................
8.290
929,000
Loul- Exposition * Music R ail A -s o c ia tio u ...........................
1.20
3,000
St. Louis Kansas A-Southwestern RK. C o............................................
9,935
993,500
i. ' i
.................... : .............................................. .................................................................
11,000
1,100,000
............
35,000
3,500,000
Spriugth- -1
Northern Icy. C o..............................................................
10,000
1,000,000
By. C o...........................................................................................
6,000
600,000
Springfield Connecting Ry. C » ..
2,000
200;000
Wichita Ik Western B y. C o .................................. ..................... ................................................................................................ —
2,250
225,000
T otal.................................................. ............................................... - - ........... .ski, -*............- ..............................................
$43,324,137
T h e fo l l o w i n g S h a re s in c lu d e d in a b o v e s ta te m e n t a re d e p o s ite d w it h T ru ste e s, as f o llo w s : —
Deposited with the
Deposited with. Union
Deposited with Trusgj. ......
Mercantile Trust Co.. Trust Co., o f IT. T., tees un der Tripartite
Trustee under Consol. Trustee under 5 p er Agreement o f January.
• per cent Mortgage.
1
cent Mortgage o f 1887. 31, 1880.
Atlantic & i’ aetUc RE. C o................. ...................................279,280‘s
$2,175,900
$25,752,150
Atlantic Se Pact 110 Equipm ent C o........................................ 1,965
196,500
Ft. Smith A Van Boren Bridge C o........ ..........
19,900
497,500
F t Smith A- Southern R y. Co ...............................................
i ,630
163,000
Fayetteville & Little Rock HR. Co ..................................... 3,255
$325,500
Joplin R ailway Co. (C onsolidated)...................................... 7,151
715,100
K»aa»n City A Southwestern UR. C o ................................. 10,598
1,059,800
Kansas Midland By. Co
........................................ ......... 20,233%
2,023,350
Little Ro.-k A Texwt Ry. C o ..................................................
5,365
536,500
Paris & C roat Northern BR. C o............................................ 4,700
470,000
Pittsburg A Columbus Ry. C<»............................................... 1,775
177,500]
St. L ou i. Wichita A Western Ry. C o................................... 9,285
028,(100
S t Louis K annas & southw estern KR. C o......................... 9,928
992.600
1,098,900
8t. Louis Salem & Arkansas Ky. Co. ................................. 10,980
S t Louts Arkansas A Texas Ry. C o.................................... 34.955
3,495.500
Springfield A- Northern Ry. Co
. ................................ 9,940
994.000
Springfield * Southern Ry. Co
..................................... 5,965
596,500
Springfield Connecting Ry. C o.............................................
1,965
196,500
Wichita & Western R y. Co.....................................................
2,225
222,500
Total
................
......................................................
$15,189,650
8 T . L O U I S ic S A N
F R A N C IS C O
$1,706,000
R A IL W A Y COM PAN Y.
G E N E R A L A C C O U N T .U N K 3 0 , 1 8 9 3 .
R K SO IR C K S.
F ranchise *
CAPITAL.
and
Lebanon Road (Bt. Louis * Western
R a ilw a y .....................................................
C a p i t a l S t o c k .:
1,597,171 04
30.000 00 $66,775,211 98
P K R M IS P .S T IN VE STM EN T S:
Property of Leased Lines represented
by their original Mortgage Bond Is
sues.... ......................................................
Property In Leased and Auxiliary Roads,
represented by Bonds Issued by such
roads, hold In Treasury, or deposited
aAcollateral security for Floating Debt
or Issues of Trust Mortgage and Con
solidated Mortgage Bonds of this Com
pany................. ..................................... $8,782,064 00
Property in Leased and Auxiliary Roads
represented by Capital Stocks owned,
held In Treasury, or deposited as col
lateral security for issues of Trust
Mortgage and Consolidated Mortgage
Bonus of this Company......................... 43,324,137 00
$52,106,201 00
Cost of above as standing on books.......
other Investments:
This Company's "A ” Bonds........ $800 00
Legs due for s c r ip ..................... 606 84
Lands. Town Lota, Contract* for sale of
Lands........................ ................... ........
Ca
p it a l
(St o c k (C o m
mon
)
in
T
reasury
Brat Mortgage Trust 5s of
5,288,037 35
411,854 60
A
ccounts
St. Louis Wichita A West. Ry. 1st M. 6 s.
-
Mortgage B onus o r L eased L in es :
Fort Smith <k Van Bureu Bridge Co.
First M ortgage 6 3 ..................................
Kan. City A Southw. RR. Co. I s tM , 6s.
St J K A- So. RR. Co. First M olt. 6 s ...
.,.
St. L. Salem A Ark. Ry. Co-. First M. 6 b.
Kanaas Midlaud Ry. Co. First Mort. 4s.
CURRENT.
4,382,002 21
i l l s P a y a b l e ........................................................
B o n d in t e r e s t M a t u r e d :
Due July 1, ls9 3 , on G. A 6s,.$234.210
I
Due July 1. 1893, on G M. 5s.- 307,325
D u eJ’ly l , ’ 93.on K.C.&8 W .6- 22,320
Coups past due, n ot presented 58.839
D
raw n
B
on d s,
P ast
D
ue
,
not
P
re
-
SENTED
37,110 27
6,054,916 70
389.000 00
744.000 00
890.000 00
810.000 00
1,608,000 00 49,990,000100
A ccounts Pa y a b l e :
Due to Companies, Individuals, etc., in
CurreutOperating nod Traffic A ccounts
Atchison Topeka & Santa Fe RR. Co..
Demand Loans, Principal and interest
B
4 3 0 ,1 5 7 88
I n t e r e s t A c c r u e d o n B o n d s a n d B il l s
P a y a b l e , b u t n o t n o w d u e .......................
S in k in g
F unds
A ccru ed, but not
n o w d u e . . . ....... ....................................... ...............
T a x e s A c c r u e d , b u t n o t n o w d u e .........
Bciuf O utstanding f o r “ B " and “ 0 ”
B o n d s a n d 1 st P r e f e r r e d Stock —
$802,092 58
1,453,154 79
448,651 44
622.694 00
5,250 00
316.695 89
66,172 00
71,836 28
1,575 00
3,788,121 98
INCOME AND SURPLUS.
Canceled B o n
438,163 28
2,862,700 00
ds:
1,586,000 00
St. Louis & Sou Francisco Issues............
86,0 0 0 00
Ft. Smith A Y . B.Br. Co. First Mort. 6s. _
S urplus TO J une 30, '9 2 .$3,739,327 85
3,735,189 57
Deductions f a r ’g the year.
4,138 08
$564,224 48
S e c u r it ie s u iT itB A sr m T A v a il a b l e f o b
p a y m e n t u p C u r r e n t O b l ig a t io n s .
This Company’s Consolidated Mort. 4
percent Bonds........................................
2 ,00 0 ,0 0 0 0 0
45,549,000 00
RECb iv a b l k :
Due from Agents, Companies, Individ
uals, and 0. 8, Government in Current
Operating and Traffic Accounts.........
Cash on hand »t Boston, New York and
St, Louis
........ . ...............................
1 ,099.000 0 »
1 2 0 . 0 0 0 001
50.000 0 0
General M ortg a g ees.................. ............. 7 .8 0 7 ,0 0 0 0 0
General M ortgage o s ..... .....................
12,293,00000
Consolidated M ortgage 4s ...... - .............. 11,494.800 00
Do
do
Available............ 2,862,700 0 0
317,914 48
Due from Sundry Auxiliary Companies
for Advances, etc ................................
Material and Find in stock........... ........
CURRENT.
1 8 8 7 ...........
Equipment 7s o f 1880....................................
2 3 ,6 1 0 ,7 0 0 00
.
DEFERRED.
Sundry Accounts to process of Adjust
ment.........................................................
Sundry Advances for Surveys. Real Es
tate. etc., which will ultimately, when
adjusted, be charged to Cost of Prop-
$35,500,000 00
Common............ ...............
Preferred ....................................................... 1 0 ,0 0 0 ,0 0 0 0 0
First P referred............................................
4,500,000 00 $50,000,000 00
Fi KOBi) D ebt :
“ A .." " B .” & “ 0.” 6s (form erly second,
now first Hen!.....................
5,666,500 00|
Missouri AtWi-st. Dir. 1st 'fort. 6 s ......... 1,(156,000 00
First Mortgage Trust. 6 3 o f 1880.......... 1,100.000 00
4,527,000 00 Equipment 6s o f la s t ...............................
193 16
429,964 72
L IA B I L I T I E S .
CAPITAL.
P r o p e r t y ................ $65,148,040 94
Roadaof Auxiliary Comna
mes under Trust Mort
gage of 1897..................$1,564,547 83
Additional during year
end. June 30, 1893....
32,623 21
$25,752,150
3,865,087 76
8109,675,076 53
Surplus
Su r plu s
f o r y e a r e n d in g
to
J u n e 30, ’93
J u n e 30, 1 8 9 3 ... ...........
1,672,000 00
489,764 98
4,224,954 5
$109,675,076 53
Note . —The General Balance Sheet o f the 8t. Louis & San Francisco Railway Company relates to that Company’s System Proper, and does
n,-.t. include any part of the Atlantic, A Pacific R ailroad Company’ s affairs, except current and past financial transactions. Atlantic & Paom o
Rsilroart Company’s G e n e r a l Balance Sheet is specifically reported in full on page 990.
S T .'L O U I S & S A N
IN C O M E
E
ACCOUNT
F R A N C IS C O R A I L W A Y
FOR
YEAR
E N D IN G
a r n in g s :
G ross E arnings from O p e r a t io n s .
Op e r a t in g an d G e n er al E x p e n s e s .........
N et E ar n in g s ...........................................
A d i > R eceipts fr om O th e r S o u r c e s :
Earnings Wichita & W. Ry.Co,— One-half
Income from Investm ents...................
15,075 03
1 4 8 ,7 2 9 22
B a lan ce........................................
educt
D
ir e c t
F
Ch
ix e d
COM PANY.
JU N E
30,
1893.
alance as per
(Including St. L. & S. F. Ry. Co’s, propor
tion of Atlantic «& Pacific Railroad
and Wichita < Western Ry. Co's.
te
Operations and Charges)
F o r t h e Y e a r en d in g J une 30, 1893.
Surplus as above .. ...................... ............
General A
cct.
197,92?? 46
2 ,4 3 0 ,7 9 9 15
13 4 ,8 2 2 91
A
d va n c e s to
W
ic h it a
& W
est.
R y. Co.
5 1 2 ,5 0 8 47
5 2 ,4 1 0 00
One-half its Mortgage Bond Interst.......
2,7 6 3 ,5 4 5 52
$ 4 8 9 ,7 6 4 9 8
..
$ 189,764 98
$ 7 ,5 4 2 ,6 5 7 73 A d v a n c e s t o A t l a n t i c & P a c i f i c
RR. Co. a s f o l l o w s :
4 ,4 5 3 ,1 5 1 48
Account its 4 p.c Guaranteed Bds. In t. $ 2 6 1 ,5 1 2 22
“
• Interest on its Central D i
*
3 ,0 8 9 ,5 0 6 25
vision lst'M ortgage 6’s and
conversion of same into
Guaranteed 4 ’s— One-half. 4 9 ,9 2 9 75
“
i( Mojave D iv. R e n ta l— Oue163 .8 0 4 25
h a l f ...................................................1 9 1 ,0 6 6 50
“
Atlantic & Pacific Equip. C o..
10,000 00
3 ,2 5 3 ,3 1 0 50
ar ges:
T a x e s .................................................................
Interest on Bonds.........................................
Rental Tracks and Terminals..................
B
L\ll,
M EM O R AN D U M INCOME ACCOUNT.
Traffic:
Freight................................................................. $ 5 ,4 0 7 ,5 3 9 67
P a sse n g e r.......... ............................................. 1 ,415,^ 09 29
U . 8. M a il...........................................................
3 81.0 0 9 01
Express................. ............................................
1 9 2 ,1 1 1 6 1
346 ,4 8 8 09
Miscellaneous..........................................................
D
[VOL.
THE CHRONICLE.
«9±
D e f ic it....................................................
5 6 4 ,9 1 8 4 7
.875 ,1 53 4 9
lO PThe following Balance Sheet, Income Account and Statistical Statements include figures of the entire railroad system , and reflect re
sults of all owned and controlled lines (9 ,3 4 4 '5 7 miles m ain track average operated).
A T C H IS O N
TO PEK A & SANTA
FE
A G G R E G A T E D R A IL R O A D S Y S T E M .
M EM OR ANDUM! ICONDENSED G E N E R A L ACCOUNT JU N E 30 , 1 8 9 3 -B Y D IV IS IO N S .
ASSETS.
Atlantic <
f:
Pacific RR. Co.
Colorado M id
land R y. Co.
St. Louis Kan.
City & Col.
RR. Co.
St. Louis e San
fi
Fran. R y. Co.
Total
System.
Cost of Road and Equipm ent............... 9 8 ,8 1 6 ,2 8 5 28
Bonds aud Stocks of Auxiliary Cos.
used as Collateral...................................22 7 ,4 8 2 ,1 7 1 85
Bonds of Leased and Auxiliary Roads
subject to Redemption........................
2 ,9 5 4 ,9 3 0 00
Securities deliverable under Circular 63 1 ,8 7 2 ,0 5 5 80
Capital Stock in T reasu ry.........................
176 ,5 1 2 50
Miscellaneous Investments—
Stocks, Bonds and Real E s ta te ...........
4 ,0 2 2 ,0 1 5 12
1 2 1 ,3 4 8 ,2 9 7 00
1 9 ,6 8 6 ,0 0 1 03
3,8 5 2 ,8 9 9 53
$
6 6 ,7 7 5 ,2 1 1 98
$
3 1 0 ,4 7 8 ,6 9 4 82
-1,382,002 21
2 3 1 ,8 6 4 ,1 7 4 06
4 ,5 2 7 ,0 0 0 0 0
7 ,4 8 1 ,9 3 0 00
1,8 7 2 ,0 5 5 80
2 3 ,8 1 7 ,2 1 2 50
3 3 5 ,3 2 3 .9 7 0 55
12 1 ,3 4 8 ,2 9 7 00
19 ,6 8 6 ,0 0 2 03
3 ,8 5 2 ,8 9 9 53
590 ,3 5 6 53
47 7 ,5 0 8 89
1 3 0 ,4 8 6 07
7 1 0 54
3 5 5 ,0 2 4 75
1,5 5 4 ,0 8 6 78
13,579.,557 57
2,002 ,280 70
A . T. <• S. F. RR
£
Oo.— Consolida
ted System.
CAPITAL.
F
r a n c h is e s
and
Pr
o perty
.
DEFER RED .
Sundry Accounts in Process of Adjust
m ent................................................................
Due from Auxiliary Cos. (A. & P. RR.
Co. etc.).........................................................
Material and Fuel.........................................
2 3 ,6 4 0 /7 0 0 66
4 3 0 ,1 5 7 88
1 00
a 4 ,4 5 ? ,1 7 4 0 0
9 9 ,7 5 5 ,0 7 2 07
57 9 ,9 6 6 ,2 4 1 18
8 .2 9 1 .5 2 0 22
1,2 9 1 ,9 4 9 40
1 5 6 ,1 9 2 60
1 3 7 ,3 6 l *93
4^902 17
5 ,2 8 8 ,0 3 7 35
111,854 60
10,1 7 3 ,8 2 6 15
633,701 49
267 ,8 6 8 00
5 ,612 71
6 ,0 5 4 ,9 1 6 70
1 7 ,1 35,925 05
5 ,9 2 6 ,9 5 4 41
776,725 95
4 5 4 ,3 0 1 17
75,000 00
320 ,9 3 5 00
6 ,2 5 0 41
5 6 4 ,2 2 4 48
7,272, .665 47
851,,725 95
2,7 0 2 ,5 5 6 13
4 ,1 5 2 ,8 1 1 2 6
7,4 4 2 ,9 8 6 70
522 ,7 4 4 60
50,409 58
1 ,4 4 7 ,0 0 0 00
1 ,3 9 6 13
438 ,1 6 3 28
2,862^700 00
2.702. ,556 13
5,165,,524 85
11,752,,686 70
2 1 ,0 0 2 ,0 3 4 45
1 ,052,045 7 7
1,8 1 8 ,3 4 4 58
7 ,646 54
3,8 6 5 ,0 8 7 76
27,7 4 5 ,1 5 9 10
T o ta l A s s e t s ............. ......................... 36 6 ,4 9 9 ,8 3 1 15
1 2 3 ,0 3 4 ,0 4 4 26
21 ,7 7 2 ,2 1 4 61
3,8 6 6 ,1 5 8 78
10 9 ,6 7 5 ,0 7 6 53
62 4 ,8 4 7 ,3 2 5 33
A . T. d: S. F. RR.
Co.— Consolidated
System.
LIABILITIES.
CAPITAL.
$
Capital Stock—Outstanding.............................1 0 2 ,0 0 0 .0 0 0 00
Cap’l Stock—Owned by Co’s, in Sy stem
.....................
Funded Debt— Outstanding (including
Bonds in Treasury)........................................2 2 8 ,0 8 2 ,0 0 0 00
Funded Debt—Collat’l for Other Issues
....................
Securities Deliverable under Circular
63 (Sundry Accounts)....... ..............
1 ,6 1 6 ,0 9 4 54
Securities of Collat’l Comp’s #1 T r u s t.. 5 ,358 4 4 3 03
Atlantic <■
£
Pacific RR.
Company.
$
2 2 ,6 7 6 ,9 0 0 00
5 7 ,0 8 3 ,4 0 0 00
CURRENT.
Accounts Receivable...................................
Bills Receivable............................................
Demand Loans (St. & S. L. F .R y. Co. and
Col. Mid. Ry. Co.).......................................
Cash....................................................................
Marketable Securities in Treasury.......
3 3 ,8 1 6 ,6 2 9 00
5 ,0 9 7 ,0 0 0 00
Colorado
Midland Ry.
Company.
St. Lon is.
Kan. City <•
£
Col. R y. Co.
St. Louis &
San. Fran. Ry.
Company.
$
8 ,0 0 0 ,0 0 0 00
1 ,6 0 0 ,0 0 0 00
5 0 ,0 0 0 ,0 0 0 00
4 9 ,9 9 0 ,0 0 0 00
1 2 ,8 1 9 ,0 0 0 00
1 ,3 8 1 ,0 0 0 00
Total System.
$
1 2 4 .6 7 6 ,9 0 0 00
1 1 6 ,6 8 3 ,4 0 0 00
3 2 4 .7 0 7 .6 2 9 00
6 .4 7 8 .0 0 0 00
1,6 1 6 ,0 9 4 54
5,3 5 8 ,4 4 3 03
9 9 .9 9 0 ,0 0 0 00
57 9 ,5 2 0 ,4 6 6 57
118,67 3 ,9 2 9 00
6 1 2 ,5 05,529 31
c l ,7 4 4 ,4 7 8 36
1 4 ,2 5 0 ,0 0 7 67
5 ,0 0 0 .0 0 0 00
12,5 0 5 ,5 2 9 31
1 ,7 4 4 ,4 7 8 36
1 9 ,2 5 0 ,0 0 7 67
5 ,5 9 3 ,7 2 1 68
6 ,8 0 9 ,2 4 9 71
594 ,0 9 2 41
4 5 5 ,7 5 4 57
15,5 5 8 51
3 ,0 5 6 ,4 0 7 74
1 ,314,112 16
381 ,3 1 0 00
21 9 ,0 6 6 50
1 ,249,401 34
11,6 1 0 00
120 ,8 4 9 99
1 6 ,7 7 3 ,4 9 1 29
1,1 9 4 ,4 6 8 91
7 ,6 6 9 ,8 0 2 29
CURRENT.
2 0 ,8 1 9 ,0 0 0 00
2 ,9 8 1 ,0 0 0 00
3 3 7 ,0 5 6 ,5 3 7 57
D EF E R R E D .
D ue to Auxiliary Companies (“ ATchi
son” and “ ’Frisco” ).................................
Adjustment Account— St. L. & S. Fran.
. 5 ,0 0 0 ,0 0 0 00
Railway Co, 1st Pref. Stock.......
5 ,0 00,000 00
808 ,9 1 7 58
4 48,651 44
7 ,4 6 8 ,0 4 4 75
7 ,2 5 7 ,9 0 1 15
1 ,767 62
1 ,4 5 3 ,1 5 4 79
6 2 2 ,6 9 4 00
4 5 4 ,7 0 4 17
2 ,7 0 2 ,5 5 6 13
4 ,072,021 74
2 ,1 1 0 ,5 0 0 44
1,8 3 7 ,6 1 5 90
17,3 2 6 13
3,7 8 8 ,1 2 1 93
2 3 ,6 1 1 ,0 2 4 21
100 ,0 0 0 00
b *9 ,4 39,882 96
*884,401 29
c*876,645 71
1 ,6 7 2 ,0 0 0 00
4 ,2 2 4 ,9 5 4 55
1 .7 7 2 .0 0 0 00
69 3 ,8 2 6 8 8
7 ,6 6 9 ,8 0 2 29
*9 ,3 39,882 96
*884,401 29
*876,645 71
5 ,8 9 6 ,9 5 4 55
2 ,4 6 5 ,8 2 6 88
366,499,831 15
1 2 3 ,0 3 4 ,0 4 4 26
2 1 ,7 7 2 ,2 1 4 61
3,8 6 6 ,1 5 8 78
1 0 9 ,6 7 5 ,0 7 6 53
L
•
Company” ) ................................................
Bond Interest Matured ............................ .
Accrued Obligations, not yet D ue.........
INCOME A N D SURPLUS.
Canceled Bonds............................................
N o t e . — Profit and Loss for A. T. & S.F. RR. Company, Consolidated System, represents result of operations from October 1, 1889; o t h e r
Companies fromomraencement of operation.
a Value of 1 4 ,9 86,457 acres of land owned by At. .V Pae. RR. Co., not included.
b Excluding $ 3 ,0 6 2 ,5 4 9 50 Interest on advances bv “ Atchison ” and “ ’ Frisco” Companies, not taken into accounts of those Companies.
c Excluding $3 1 0 ,7 2 5 0 0 Interest on Bonds owned by A . T. & S. F. RR. Co., from October 1, 1889.
* Deficit.
d
THE CHRONICLE.
December 9, 1893.J
.11 KM O R AN D IM !
CONDENSED
GENERAL
IN C O M E
A C C O T T N T -B Y
895
D IV IS IO N S .
FOR
YEAR
E N D IN G
JUNE
30,
1893.
US. C o .Consolidated
System.
GROSS R A ILR O A D E A R N IN G S .... $37,301,771 34
25,174,903 14
OPERATING E XP E N SE S ..................
Atlantic <
*
P acific MB. Co.
$3,564,045 49
3,085,939 10
Colorado
Midland By.
■By. Co.
$2,140,005 96
1,798,377 39
St. L ouis Kan.
City < Col. By.
&
Co.
$92,746 75
S9,547 16
St. Louis < San
£
Fran. By. Co.
(including onehalf Wichita &
Trafe>-« By.
$7,635,136 45
4,519,398 78
S E T EARN ING S.......... ................. $12,126,866 20
$478,106 39
$341,628 57
$3,199 59
$3,115,737 67
$16,065,538 42
$478,106 39
$341,628 57
$3,199 59
$3,115,737 67
$15,662,933 54
A . T. <f S. F.
D
educt
Total System.
$50,733,705 99
34,668,167 57
:
S t L. A S. F. Ry. Co. Contract
Charges, and deductions from Net
402,601 88
402,604 88
$11,72-1,261 32
Ad d :
M iscellaneous In com e........................
a 675,902 13
| 802 86
D r . 55,338 84
D r . 97,773 23
« D r . 41,260 78
482,332 14
...........................................................
$12,400,163 45
$478,909 25
$286,289 73
D e ,$94,573 64
$3,074,476 89
$16,145,265 68
DIRECT F IX E D CHARGES.
T axes......................................................
R entals .......................................................
Interest on B ond* .................................
$1,105,827 i.7
545,687 60
.7,771,644 38
$120,000 00
504,505 08
6 776,180 00
$109,230 71
71,401 96
595,023 33
$3,430 27
37,152 70
$206,323 46
137,579 30
2,430,799 15
$1,544,811 61
1,296,386 73
11,573,646 86
B
alance
To
t a l
Balan
c
.....................................................
$9,423,159 24
$1,400,745 08
$775,656 00
$10,582 97
$2,774,701 91
$14,414,845 20
................................................
$2,977,004 21
D r .$921,835 83
D b .$4S9,366 27
DR.$135,156 61
$299,774 98
$1,730,420 43
•$489,366 27
*$135,156 61
$299,774 98
$1,753,636 98
ce
A on:
A . A P. Land Dept. Incom e ................
23,216 50
$2,977,004 21
N et S u r p l u s ............. .........................
23,216 50
■$898,619 33
A,
a E tduiUns Intercut on
Jc P, HR. Qo. Second M ortgage B onds owned.
b #305,590 Interest o n Second M ortgage Bonds owned by " A tch ison” and "F r is c o " Cos. not included.
c Bonds owned b y A. T. A 8. F. RR . Co.—No interest paid.
* Deficit.
C O .M P A U A T IV E S T .tT E .H E N T BY M O N T H S O F G R O SS E A R N IN G S . O P E R A T IN G E X P E N S E S (E x c lu s iv e o f T a x e s
a n d R e n ta ls ) , N E T E A R N IN G S , A N D A V E R A G E O P E R A T E D M IL E A G E F O R Y E A R S E N D IN G
J U N E 3 0 , 1 8 9 3 a n d 1 8 9 2 . (Cent* are om itted.}
| Ju ly.
D m h n ....... .
Oct.
SepL
Nov.
Pec.
ISOC-iC
408,943
3*32,782
150,817
113,620
348.043
347,725
r .! r .! i !*i *!*;1
1
April.
March.
May.
June.
Teat.
f
$
4,130,580
4,380,297 4,089,484 50,733,705
3,554,088 ? ; g f e a 8 3,940,225 3,981,188 47,347,225
214,511
570,453
238,287
417,072
68,290 3,380,480
.........
. . ............ . . . . . . . ........
In crea se............ ..
Feb.
Jan.
4,554,961 1, M8,299 3,727,198
*4,524,018 4,897,774
4,055,104 4,411,992 t f s k s 4,306,917 4,054.879 3,370,472 I f f e
A
In crea se......................................................
Aug.
............
2,980.725 2.887.643 3,158,889 2,994,201 2.95M 01 2,916,289 2,782,727 3,059,940 2,793,545 2,7*28,898 2,732,146 34,068,187
, ; ! ; i i i ; 3,705.1*09 2,705.077 2,72~,47l 2,883,320 2,796,988 2,708,026 2,077,781 2,044,382 2,555,543 2,684,743 2,450,379 2,725,051 32,229,769
14,694
. . ...... .................
234,847
160,172
274,508
197,213
........
........
D ecrease..................................................
...w fl*
238,505
Sf*t Btemings—
w w m . . . . ..............*.................................... 1,297,852 1.584,323 1.92* ,131 1,689,109
m u m . ....... ......... ................. .
.................. J.122.230 1,830,028 1.717,521 1,812,781
....... ..............................
234.290
202,610
........
810,968
701,18 7
8m j m 1,070,593 1,118,630 1,837.399 1.307,338 \
6,065,538
770,985 998,542 1,089.145 1,492,845 1.356,180 15,117,455
78,100
72,050
109,220
............
...........,l
50,829
8*09
12-40
0*09
0-52
0*52
4*74
l—*
>
tpi-
10-88
9,344*67 9,.344 *57
9,338*05 9,339 as
m
29,485
2-88
1
51,202
948,082
.a .....
..........
1
9,344*57 0,344-57 9,344*57 9,344*57
9,341*74 9,341-74 9,341*74 9,34»'44
2*83 j
2-83
2*83
3
1*18
K
5-98
............ i .............
........
PaareM i)...................................................
144,554
.............| .............
,
lu c r e * * -..................................-...................
X
d
0332*11
7.094 2,438,397
73,814
123,051
9,.1*44-57 9.344-57 9,344'57
9.327-71
9,338*48 I
,
272,518
..A- . . . .
1
' i I V n | ( O p erated —
....... ...................... ...............................
1801-02....... ......................................................
208,802
1,212,838
1,386,052
........
.........
175,131
Inareas©,. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
504,402
138,344
187434
* For detain of mileage »ee pages 0 to IS o f pamphlet report.
C L A S S IF IC A T I O N
OF
E A R N IN G S
AN D
EXPEN SES
FOR
EARNINGS.
E N D IN G
1892-93.
#35,454,605 13
Freight......................
P a s s e n g e r ......................
YEARS
. ..................................................................................................—
1 0 ,5 6 5 ,4 1 3 8 0
M a il...:.................................. - .............................................................................
1,167,990 11
E x p r e s s ............................................................................................................................................
1 ,3 2 0 ,7 2 5 7 1
M iscellaneous............................................................... — ..................................
2,218,97123
T o t a l E a r n i n g s . . ............................................. ........................
JU N E
30,
1891-92.
$33,737,18170
9 ,4 6 5 ,2 8 0 2 9
1,169,482 94
1 ,0 4 5 ,0 3 3 6 0
1,930,256 07
1S93
AND
189*.
Increase.
Decrease.
$1,717,423 43
1,100,144 51
281,692 11
288,713 10
$1,492 83
.$ 5 0 ,1 3 3 ,7 0 5 9 8 $ 4 7 ,3 4 7 ,2 2 5 6 0 $ 3 ,3 8 6 ,4 8 0 38
OPERATING EXPENSES.
M aintenance o r R o ad and Structures .
Superintendence.................................. .............................................................
Clerk*.................................................... - .............................................................. Stationery and Printing.....................................................................................
Watchmen and Walker.-......................................................................................
M achinery and T oole—Repairs and Renewala o f .........................................
Roadway and Track—Repairs o f ...........................................................- .........
Ballasting and Rip rapping...............................................................................
Snow, fee, Weed*, etc.—Rem oval o f..................................................................
Frog* arid Switc. ea—Repair* and Renewal* o f .............................................
Rails—Renewals o f .................. .......... .................................................................
Rail Fastenings—Renewal* o f ...........................................................................
Ties— Renewal's o f.......................................................................................... --Fem e-, Crossings, ate.—Repair* and Renewala o f.......................................
Bridge* and Culverts—Repairs and Renewals o f ...................................... .
BalMIngs—Station. Office and Miscellaneous—Repairs and Renewals o f.
Bmlding* Engine Houses, Shops, etc.—Repairs and Renewals o f..........
Building*—Fuel and Water Stations—Repairs and Renewals o f...............
Telegraph,—Repairs and Renewals o f ..............................................................
Dock*. Wharves anti Landings,
'
Food Expense* (Southern Califiom la Railw ay).
Total Maintenance o f Road and Structures.
Ma i n
tenance
or
K<j »
$221,701 78
02,192 77
0,592 23
177,303 27
128,832 54
2,811,026 98
143,348 55
312,667 54
81,576 30
99,515 54
183,604 25
1,082,158 80
80,904 83
785,394 42
239,745 07
110,823 06
158.170 60
60,614 46
119 02
$267,701 87
59,773 03
7,027 48
175,383 23
118,124 85
2,816,240 56
230,195 20
280,373 80
58,055 66
133,224 71
135,408 14
928,500 53
79,683 27
055,714 71
216,140 G
O
80,301 84
123,525 73
44,863 56
3,534 68
34,512 87
$13,999 91
2,419 74
$6,746,352 61
Steamboats. Floats, etc.— Repairs and Renewals o f.......
Total Maintenance of Equipment.
26,293 7 4
23.520 64
$435 25
5,219 58
86,846 71
33,709 17
4 § ;i 9 6 11
153,658 27
1,221 50
129,679 71
23,604 98
30.521 22
34,644 87
15,750 90
” $6,394,292 47
$67,802 83
43,623 94
8,496 61
2,345,451 54
583,030 70
378,003 73
1,746,120 73
65,733 70
519 84
$7,086 54
$5,570,334 21
$5,238,783 02
3,415 66
34,512.87
$352,060 14
37
57
80
36
21
24
07
05
06
i i -m k s t .
Superintendence............... .......................................
Clerks..
Stationery and P rinting........................................................
Locomotives— Repair* and Renewals o f ...........................
Passenger Cars—Repair* and Renewals o f.......................
Dinlng*C»r»—Repairs and Renewal* o f ............................
Freight, Cars—Repairs and Renewals o f .........................
Shop Machinery and Tool*—Repairs and Renewal* o f..
1,980 04
10,707 69
$74,889
43,479
9,410
2,411,821
606,248
390,887
1,960,345
73,252
Ce .
914
66,369
23,217
12,883
214,224
7,518
19
82
51
51
34
95
$331,580 59
144 37
519 90
[ 7 l, L 1
o V I.
THE CHRONICLE.
996
C L A S S I F I C A T I O N O F E A K N I N G S A N D E X P E N S E S F O R Y E A R S E * D IN G J U N E 3 0 , 1 8 9 3 A N D 1893.-(Cor«!«df<».)
T
r a n s p o r t a t io n a n d
1892-93.
Increase,
$2,1 9 0 39
8,282 79
3,6 0 7 72
8,335 51
56,941 54
2,4 4 2 74
18,338 43
30,436 84
12,286 55
18,109 35
81,021 70
20 4 72
80,950 84
6,7 1 0 83
37,663 50
330,6 7 3 29
3 5 ,889 98
27,207 66
8.265 79
367,7 7 7 32
355,419 48
8,3 7 7 02
6,963 82
275,919 69
1891-92.
$ 7 6 ,5 4 2 30
193,7 9 9 44
128,373 81
179,254 11
1,174,581 59
49,162 62
448,3 9 5 39
138,631 54
58,367 20
8 8 ,332 36
998,549 83
1 7 ,6 5 4 68
286,972 46
79,729 32
682,813 85
2,578,563 04
159,903 42
303,6 2 9 90
5 7 ,447 40
3 ,5 81,632 82
3 ,4 99,319 14
2 1 0 ,7 1 4 48
313,251 07
214,671 87
1,754 98
295,312 4 4
137,422 82
227,0 7 0 74
84,5 6 8 44
1,412,002 47
185,095 88
1 1 4 ,7 7 1 1 4
5 9 0 ,8 2 4 4 0
66.998 29
1,0 5 0 00
327,237 49
$2 0 ,7 2 2 ,0 7 1 47
$ 1 8 ,9 6 4 ,4 0 2 73
$ 1 ,7 5 7 ,6 6 8 74
$27 1 ,2 0 8
4 7 7 ,0 7 6
21,1 4 7
64,2 7 6
59,019
369,408
133,190
222 ,0 6 8
11,5 7 7
434
$ 2 5 1 ,7 0 3
4 8 3 ,5 9 1
21,149
66,521
56,5 4 1
3 8 6 ,5 5 3
1 39,603
2 1 1 ,6 6 4
14,0 9 9
862
T r a f f ic :
$78,732 69
202,0 8 2 23
131,981 53
187,589 62
1,231,523 13
51,6 0 5 36
166,733 82
169,068 38
70,653 75
106,441 71
1,079,571 53
17,859 40
367,923 30
86,440 15
720,477 35
2 ,9 09,236 33
195,793 40
330,8 3 7 56
65,713 19
3 ,9 4 9 ,4 1 0 14
3 ,8 54,738 62
219,091 50
320,2 1 4 89
181,656 93
5 ,5 6 4 25
271,686 84
72,8 5 4 95
229,061 88
102,7 4 7 25
1,687,663 36
185,7 0 0 17
121,952 15
680,3 7 4 86
93,169 56
Superintendence- Transportation..................
Superintendence—Traffic...................................
Clerks—Transportation.......................................
Clerks—Traliic.......................................................
Stations—Agents and Clerks..........................
Stations—Baggage Mastore and Assistants.
Stations—Labor a t..............................................
Stations—Bent o f..................................................
Stations—Fuel and Light for..........................
Stations—Expenses and Supplies.................
Yardmen, Flagmen, Watchmen, etc.............
Mail Expenses.........................................................
Switching................................................................
Stock Yards—Expenses o f.................................
Telegraph—Servioe and Expenses...................
Trainmen...................... ............................................
Train Expenses and Supplies.......................... .
Cars—Cleaning......................................................
Cars—Fuel and Light for...................................
Locomotives—Enginemen and Attendants
Locomotives—Fuel fo r..................................... Locomotives—Expenses and Supplies.........
Water Supply..........- .............................................
Loss and Dam age—Live Stock........................
Loss aDd Damage—Baggage............................
Loss and Damage—Freight..............................
Loss and Damage—Property...........................
Loss and Damage—Injuries to Persons----Wrecks—Clearing and E xpenses...................
Car Mileage.............................................................
Stationery and Printing....................................
Advertising.............................................................
Foreign Agencies..................................................
Dining Car Service and Expenses.................
Steamhoat and Floating Service.....................
M iscellaneous........................................................
Total Transportation and Traffic.......................................
G
E
eneral
xpen ses—
General officers- Salaries of..............................................................
General Offices—Clerks and Attendants in ..................................
General Offices—Fuel, Light, W ater and Petty Expenses of.
General Offices—Kent o f ............................ - .......................................
General Offices—Stationery ana Printing....................................
Legal Services and Expenses.............................................................
Miscellaneous...........................................................................................
Insurance...................................................................................................
Advertising.......................................... ...................................................
Beal Estale—Expenses and Bepatrs..............................................
67
54
95
68
23
65
81
26
58
93
90
41
11
35
59
50
43
79
88
13
$33,0 1 4 94
3,809 27
2 3 ,625 60
64,567 87
1,991
18,178
275,6 6 0
604
7 ,181
8 9 ,5 5 0
26,171
14
81
89
29
01
46
27
1,050 00
51,317 80
$ 1 9 ,5 0 4 77
$ 6 ,5 1 4 8 7
1 16
2 ,2 4 4 67
2 ,4 7 7 64
10,4 0 3 47
1 7 ,1 4 4 856 ,4 1 2 62
2 ,5 2 2 32
427 20
$2,881 81
$ 1 ,6 2 9 ,4 0 9 28
$ 1 ,6 3 2 ,2 9 1 09
T o t a l O p e ra tin g E x p e n se s.
$3 4 ,6 6 8 ,16 7 57
$ 3 2 ,2 2 9 ,7 6 9 9 1
$ 2 ,4 3 8 ,3 9 7 66
Net E a r n in g s .
$ 16 ,0 6 5 ,5 3 8 4 1
$ 1 5 , 1 1 7 , 4 5 5 69
$9 4 8 ,0 8 2 72
Total General Expenses
68-33
Percentage of Operating Expenses to Earnings.
C O M P A R A T IV E S T A T E M E N T S H O W IN G E A R N IN G S AN D
E X P E N S E S F O R Y E A R S E N D IN G J U N E 3 0 , 1 8 9 3 ,
AND 1 8 9 2 .
A V E R A G E P E R M IL E AND
P E R R EVEN U E T R A IN M IL E .
1892 -93 .
E a r n in g s .
$
Freight........ ................... 3 5 ,4 5 4 ,6 0 5 13
Passenger......................10,5 6 5 .4 1 3 80
M ail.................................. 1 ,167,990 11
E x p r e s s .......................... 1 ,3 2 6 ,7 2 5 71
Miscellaneous............... 2 ,2 1 8 ,9 7 1 2 3
68-07
■26
Brought forw ard.........................................................
Telegraph.................................. ...........................................
Docks, W harves and Landings....................................
Bight of W ay, Depot Grounds and Beal E s ta te ...
Surveying and Engineering.. ..................................
Legal Expenses.......................................... : ......................
Miscellaneous......................................................................
1891 92.
Inc. or Dee.
$
$
3 3 ,7 3 7 ,1 8 1 7 0 Inc. 1,7 1 7 ,4 2 3 4 3
T o t a l C o n s t r u c t i o n — I m p r o v e m e n t s ..............
9 ,4 6 5 ,2 6 9 29 Inc. 1 ,1 0 0 ,1 4 4 51
1 ,1 6 9 ,4 8 2 9 4 Dec.
1,492 83
1 ,0 4 5 ,0 3 3 6 0 la c. 2 8 1 ,6 r2 11 CONSTRUCTION—E X T E N S IO N S :
1 ,9 3 0 ,2 5 8 07 Ine.
2 8 8 ,7 1 3 16 Clearing and Grubbing....................................................
Grading..................................................................................
Surfacing, Ditching and liaising Embankments..
T o ta l.........................5 0 ,7 3 3 ,7 0 5 98 4 7 ,3 4 7 ,2 2 5 60 Inc. 3 ,3 8 6 ,4 8 0 38
Arch and'B ox Culverts and Drains...........................
O p e r a tin g E x Track Laying.......................................................................
P6n$68«
Ballasting and Rip-rapping...........................................
6 ,3 9 4 ,r 92 47 Inc. 3 5 2 ,0 6 0 14
Main, of Bd. & Strnc. 6 ,7 46,352 61
Bails........................................................................................
Main, of Equipm ent.. 5 ,5 7 0 ,3 3 4 21
5 ,2 3 8 ,7 8 3 62 Inc. 3 3 1 ,5 5 0 59
Frogs and Switches...........................................................
Transp. and tra ffic ...2 0 ,7 2 2 ,0 7 1 47 1 8 ,9 6 4 ,4 0 2 73 Inc. 1 ,7 5 7 ,6 6 8 74
Ball Fastenings..................................................................
1 ,6 3 2 ,2 9 1 09 Dec.
General E xpenses___ 1,6 2 9 ,4 0 9 28
2 ,881 81
Ties..........................................................................................
Side T r a c k s ........................... .............................................
T otal......................... 3 4 ,6 6 8 ,1 6 7 57 32 ,2 2 9 ,7 6 9 91 Ine. 2 ,4 3 8 ,3 9 7 66
Fences.................................................... •.........................
Crossings, Cattle Guards, etc........... ...........................
N et E a r n i n g s ___ 1 6 ,0 65,538 41 15 ,1 1 7 ,4 5 5 69 Ino. 9 4 8 ,0 8 2 72
Bridges— Superstruct ure.................................................
Bridge and Culvert Masonry.........................................
A v. Oper. Mileage . . . .
9,344-57
9,338-59 Inc.
5-98
Buildings...............................................................................
Telegraph..............................................................................
A v e r . P e r M il f . ;
Bight ol W ay, D epot Grounds and Beal Estate.—
5 ,429 21
Gross Earnings...........
5 ,0 7 0 06 Inc.
3 5 9 15
Surveying and Engineering..........................................
Operating Expenses..
3 ,7 0 9 38
3 ,451 24 Ino.
258 74
Legal Expenses..................................................................
Miscellaneous......................................................................
Net Earnings.........
1,719 23
1,618 82 Tnc.
100 41
Total Revenue Train
M iles............................
Total
37 ,2 5 3 ,2 4 9
3 4 ,1 9 7 ,4 7 8
Inc.
3 ,0 55,771
P bk R e v e n . T r a in
M
il e
:
Gross Earnings...........
Operating E xpen ses..
1 36
93
1 38
94
Dec.
Dec.
0 02
01
Net Earnings.........
43
44
Dec.
01
C o n s t r u c t io n — E
D E T A IL E D
S T A T E M E N T O F A M O U N T S C H A R G E D TO
C O N S T R U C T IO N , IM P R O V E M E N T A N D E Q U IP M E N T
A C C O U N T S D U R I N G Y E A R E N D IN G J U N E 3 0 , 1 8 9 3 .
CONSTRUCTION—IM P R O V E M E N T S :
(O n E
x is t in g
M
il e a g e
).
Clearing and Grubbing.............................................. .....
Grading..................................................................................
Surfacing, Ditching and Raising Em bankm ents..
Arch ana B ox Culverts and Drains......................... ..
Track Laying.......................................................................
Ballasting and Rip-rapping..............................
Ralls........................................................................................
Frogs and Switches.................. .................................... ”
Bail Fastenings..............................................
T ies..........................................................................
Side Tracks............................................................................
Fences.....................................................................................
Crossings, Cattle Guards, eto.................................. I
Bridges—Supt rstructure.................................................
Bridge and Culvert Masonry................................. .
$365 01
119,775 72
39,5 4 9 67
5 0 ,0 2 1 83
5 ,141 7 2
552 ,7 0 5 38
6 8 ,2 4 6 63
2 ,4 7 1 0 6
5 ,663 34
31,741 43
356 ,3 9 8 94
7 9 ,1 1 2 80
56,7 8 2 90
149,352 8 7
87,8 3 4 58
340,438 33
x t e n s i o n s ................—
E Q U IP M E N T :
Locomotives and Tenders...............................................
Cars—Passenger.................................................................
Cars—Freight......................................................................
Cars- other than Passenger and Freight................
Machinery and Tools.......................................................
Miscellaneous............. ........................................................
T otal E
3
Decrease,
$/,.94J,ho2 si
$ 8 ,141 25
7,0 4 8 66
83,754 95
4 ,7 9 8 63
4 ,3 9 6 87
135,632 98
$ 2 ,189,375 55
$2 8 4
5,1 7 3 27
1,511 56
323 31
1,958 60
8,502 2612,088 61
2,1 4 0 87
9 03 91
1,459 09
2,001 02
178 48
303 2 6
2,597 54
1,823 46
1,546 81
552 79
Cr.2,640 64
Cr.3,937 77
82 3 27
6,8 6 3 30
$44,1 7 5 85
$372 ,3 0 3
80,434
4 6 9 ,0 8 6
36,871
40,799
2,900
58
14
21
17
66
00
a $ 1 ,0 0 2 ,3 9 4 76
q u ip m e n t
G r a n d .T o t a l P r o p e r t y E x p e n d it u r e s .
b $ 3 ,2 3 5 ,9 4 6 16
a Additional to this amount there was expended in the acquisition
o l Equipment, under A . T. & S. F. Equipment Trust, Series A , $915,7 5 4 60, making the aggregate outlay for equipment $ 1 ,9 1 8 ,1 4 9 3 6 .
5 This amount increased $9 1 5 ,7 5 4 60 (seenote “ a " ) to $ 4 ,1 5 1 ,7 0 0 76.
K S U M M A R Y O F F R E I G H T T R A F F I C F O R T H E Y E A R S SZ
—
E N D IN G .TUNE 3 0 , 1 8 9 3 A N D 1 8 9 2 .
T ons
F r e ig h t Ca r -
of
r ie d
1892-93.
1891 -92 .
Inc. or Dee,
:
East and N o r th ....
W est and S o u th ....
7,223,2 5 7 -9
5 ,555,317-5
6 ,3 4 4 ,5 8 6 -4
5,273,2 8 9 -2
Tno.878,671 -5
In c.282,028'3
Total........................
12,77 8 ,5 7 5 -4
1 1 ,617,875-6
In e .l,1 6 0 ,6 9 9 -S
East and North . . .
W est and S o u th ....
1 ,6 5 0 ,1 6 9 ,4 2 4
1,3 2 4 ,5 0 0 ,7 4 6
1,4 3 6 ,1 1 5 ,0 4 8
1,2 3 5 ,1 5 5 ,9 0 2
In c,2 1 4 ,0 5 4 ,3 7 6
In c.89,344,844
T otal........................
2 ,9 7 4 ,6 7 0 ,1 7 0
2 ,6 7 1 ,2 7 0 ,9 5 0
In c.303,399,220
T o n s Ca r r ie d
M il e :
One
THE CHRONICLE.
D ecembeh 9, 1898.]
997
K k c e ’ ts F rom F r ’O B T:
1 8 3 2 -9 3 .
1 8 9 1 -9 2 .
In c . o r Dee.
E a s t am t N o r t e . . . . $ 1 7 .7 7 7 .1 4 9 4 4 $ 1 6 ,3 6 0 ,3 9 9 9 2 I a . $ l . 4 1 S , 8 0 9 5 2
W « * t a n d S o u t h . . . . 1 7 .6 7 T .4 5 5 6 9
1 7 .3 7 6 ,8 1 1 7 3
l u c . 3 0 0 .6 1 3 91
T R A I N A N D C A R S T A T I S T I C S F O R Y E A R S E N D IN G J U N E
3 0 , 1 8 9 3 AND 1 8 9 2 .
T o t a l ..........................$ 3 5 ,4 5 4 ,6 0 5 1 3 $ 3 3 ,7 3 7 ,1 8 1 7 0 l n . $ l , 7 1 7 , 4 2 3 4 3
A v 'iiK M i l e s C. u o i ' o :
Num
East and North
W estaud S o u t h
228-15 tulles,
2 2 6 3 5 miles.
2 3 4 -2 3 miles.
l u c , 1 1 9 m ile s .
T o t a l average ., . 2 3 2 7 9 m ile s .
A v e r a g e R a t e P ick
ton ’ P e r . m i l e :
East and N o r th .... 1 -0 7 7 c e n t s .
W est and South___ 1- ;3 5 c e n t s .
2 2 9 -3 3 m ile s .
I u o .2 -8 6 m ile s .
T o t a l a v e ra g e . ..
T
1 1 3 9 ce n ts.
1 -1 0 7 c e n t s .
1 -2 6 3 c e n t s .
1 1 9 2 cen ts.
D e e .0 '0 8 2 c e n t s .
D o o .0 - 0 7 2 c e n t s .
D e c .0 - 0 7 1 c e n t s .
S I l O I A l l V OP P A S S E N G E R T R A F F I C F O R Y E A R S
E N D IN G J I N K 3 0 , 1 8 9 3 A N D 1 8 9 2 .
NUMBER o r PASSEN
1 8 9 2 -9 3 .
1 8 9 1 -9 2 .
GERS C a r r i e d :
3 .4 9 4 .7 9 3
E a s tu n d N o r t h ..
3 ,0 8 8 .6 3 9
3 ,2 -> 7 ,4 l3
3 ,5 4 7 ,3 0 5
W e s t a n d S o u t h ___
T o ta l ..
In c . o r Dee.
I n c .4 0 6 ,1 5 4
I n c . 2 5 9 ,8 9 2
6 ,3 7 6 .0 5 2
7 ,0 4 2 ,0 9 8
I n c .6 6 6 ,0 4 6
P anminokr .- C m i K t
O n e M il e :
E a s t a n d N o r t h ------
2 2 1 ,5 0 2 ,9 3 6
2 4 . .3 0 3 ,8 7 5
T o t a l ......................
R e c e ip t s P r o m P a s
1 8 3 .1 5 5 ,8 1 1
2 0 8 ,3 1 0 ,1 0 1
I n c .3 8 , 3 4 7 ,1 2 5
I n e .3 4 ,3 6 3 ..7 1
4 6 4 ,8 0 6 .8 1 1
W ert and South___
3 9 1 ,4 9 5 ,9 1 5
I n o .7 3 ,3 1 0 ,8 9 6
:
sengers
* 5 ,0 9 9 .9 4 0 25
5 .4 6 5 .4 7 3 5 5
$ 4 ,5 1 2 ,5 1 4 9 3 I n c .$ 5 8 7 , 4 2 5 32
4 . 9 5 2 .7 5 1 3 6
I n e .5 1 2 ,7 1 9 1 9
$ 1 0 ,5 6 5 ,1 1 3 8 0
$ 9 , 4 6 5 ,2 0 0 2 9 I n . $ l , 1 0 0 , 1 4 4 51
E a st and N o r t h ....
W e s t a n d S o u t h ___
A v e r a g e D is t a n c e
T raveled
Per
P assf . x g b r :
E i* t a n d N o r t h ____
W e s t a n d S o u t h ___
63-38 mile*
68-5 9 mile*
I n o 4 0 8 m ile s
I u o .5 -2 1 m ile s
66 0 0
T o ta l a v e r a g e ....
A v e r a g e B - c k ip t s
F r o m E a c h P aam m m i;
E i.*t a n d N o r t h ___
W « * t a n d N H U b . ,. .
5 9 - 3 0 tn lle s
6 3 -3 8 m ile *
8 1 - 4 0 t n lle s
I n o .4 -6 0 m ile s
m ile s
46
1 51
$110
T o t a l a v e r a g e ___
A v e r a g e R ate P er
P a an. P e r - i l k :
IBauit a n i l N H . . . .
W e s t a n d S o u t h ____
01 1
In o. $ 0 0 0
lu c . 0 03
In o. $ 0 02
$1 48
2 -3 0 2 c e n ts
2 -2 4 6 c e n t*
2 1 6 4 cen ts
2 * 3 . 7 C e n ts
D e e .0 - 1 6 2 c e n t s
D ec. "1 3 cen ts
2 -2 7 8 c e n ts
T ota l a v e r a g e ™ .
2 -4 1 8 c e n ts
D e c .0 t 4 « c e n ts
1
« E A > S l F l C A T I O N O F F R E I G H T T O N N A G E (C o m p a n y M a t e r ia l E x cl.i F O R Y E A R S EN DIN G J U N E 3 « , 1 8 9 3 and 9 2 .
< 2 ,0 0 0 L f t * .= l Ton.)
pkou. o r A o iu c ft:
■Corn .................................
W h e a t ................................
1 8 9 1 -2 .
Increase,
Tons.
400,847*5
838.178-7
217,751*1
Tons.
23,582-4
32 6.4 7 i'4
2,075*4
l,317.7i»7-i 1,465.575-6
14-22
12-61
310.370-8
213,401-3
74.03.V0
88.28**0
164,1126
164.858-3
2711
093-9
09*1
t •..933-9
,0,111-6
302.700-3
66,337-9
6 1.74P6
332,132*2
2,916.247-6
23 06
464.851-5
1-70
. . . . . . ..
1 8 9 2 -9 3 .
Tons.
4*3,229-0
1.164,**51-1
21 9,3.6-8
T o t a l g r a i n . . . ........
P e r c e n t ........................
F l o u r ...............................
O t h e r m il l p r o d u c t s ..
n * y ...................................
Tobacco................... ........
C otton........ ............. .
Fruit and vegetables..
C o t, se e d a n d its p ro d .
P er cen t
2
2
2.431.396-1
21-36
Tons,
1*01
69,379*5
10,303 0
_. , „
745-7
422-8
40,979-7
74,588-7
14,596-3 . . . . . . . . . .
PlIOI. o r ANIMALS:
Live * toe I t ............. .......
Dressed meal . . . . . . .
1.250,801-5 1.196,190-6
23.20(r2
9,204*4
91.1-5 1
99.461*7
i
15.648-5
1,373-1
W o o l ..................................
27,216-9
2 3 .0 -9 0
H id e s a n d l e a t h e r ___
25.965 0
17,261 0
1
00,610-9
18.995-8
4,275-4
8,704 0
1,442.261-9
11-29
1,330.737-7
11*71
8 1 ,5 2 6 2
A n t h r a c i t e < o a l ........ .
41.462-9
B i t u m i n o u s C o a l _____ 2,858,851-0
2” « , 932-2
C o k e .....................................
O r e * .......................................
821.446-0
S to n e , *and a n d oth e r
731,618-9
l ik e a r t ic l e * ................
29.299-9
2.534,441-1
191,2601
750,045-2
870,426*0
............
T o t a l .................... . . . 4,682.311-0
P e r c e n t .........................
*6-49
4,375.472-3
286,838-7
P
rod
,
op
Nu
n e s
-.
r a in s
1892-93.
:
3,557-3
......
......
•42
4 7 3 ,8 0 7
r a in
M il e
ag e
1,121,132*7
9-65
149,915-9
«4 ,504*0
190-8
39,44*-8
54,761 1
87.203 4
89.366-2
329.999-1
57,045*8
51.165-6
110,59 2"7
125,306-8
128.414-3
69,987 t
19-5
46.364*8
43,94 -5
92,005-1
87.827-i
274.524 3
59.97o*3
47,054-9
115,161 0
109,728 8
22.521-6
14,510-9
101-3
T o t a l ......................
Per cent........... ..
1.178.983-3
9-22
M e b c h a n d is k . ..
P e r c e n t . ___
Mi«< Ki.i tv E o i/s:
men
639*1
55,484-8
4,410 7
10,077*8
1,073,105-7 |105,978-1
9 24
—
890,290-7
6-97
909,362-2
7-133
and
E
m ptv
F r e ig h
.Per cent..
t
C
ar
320.292-2
2 50
298.763-9
2-55
10
100
12, -73,575-4 1 1,61',875 0 1,160,699-8
........
b
4 0 ,6 5 3 ,3 6 0
In c.3,5 0 8 ,2 3 4
59 ,2 0 8 ,7 3 8
Io c.4 .5 7 7 ,4 1 9
3 9 0 ,6 3 5 ,3 7 2 In e .2 4 ,7 6 1 ,8 1 0
il e a g e
Total...................................2 9 9 ,0 5 9 ,5 0 4
Mileage of Empty Freight C*rs—
East and North................. 5 7 .U 3 .6 6 3
West and South............. . 59 ,2 2 4 ,0 1 5
Total........................................11 6 ,3 37,678
:
13 8 ,2 1 1 ,9 5 2 In c.lO ,828 .8 3 7
1 4 1 ,0 12.482 Iiie.9,006,183
2 7 9 ,2 2 4 .4 3 4 In e .1 9 ,8 3 5 ,0 7 0
5 7 ,5 3 9 ,9 7 6
53 ,8 2 1 ,0 6 2
D eo.476,213
In e .5 ,4 0 2 ,9 5 3
111,410,938
Io e.4 ,9 2 6 ,7 4 0
L O C O M O T IV E S T A T I S T I C S F O R Y E A R S E N D IN G J U N E 3 0 ,
1893 AND 1 8 9 2 .
1892-3.
B j f r e i g h t e n g i n e s ..........
..
B y p a s s e n g e r e n g i n e s ............
18 9 1 -2.
2 6 .0 2 5 ,1 4 0
1 2 ,3 0 3 ,1 0 0
23.533,500
By switch engines................
6 ,5 2 9 ,1 6 7
11,569,159
5 ,821,594
B y tuiAceilancuua engine*..
B y work engines...................
1,777,469
945,957
1.922,782
1,1-13,012
Inc. or Dec.
Tnc.2,493,580
Inc. 933,941
I lie. 707,573
Deo. 145,313
Dec, 197,055
T o t a l ............................................. . 4 7 .7 8 0 ,8 3 3
4 3 . 9 8 8 ,1 0 7
I n c .3 ,7 9 2 ,7 2 6
C iin .- i ■ p t u i n o r F u e l a n d
m
St o r e s :
P o u n d s o f w a s t e ........................
5 1 4 ,0 3 2
4 7 7 ,6 6 1
Ine. 36,371
P o u n d s o f t a l l o w .......................
25
Tnc.
'25
P in t s o f o i l (a ll k in d s )............
1-1,020,067
3,887^1-13
Xuo.1 8 2 ,9 2 4
P in t s u f o i l ( lu b r i c a t i n g ) ___
2 ,9 5 5 ,8 6 5
2,886,153
luc. 69,712
T o n s o f c o a l .............. ..................
2 ,0 2 2 ,5 7 4
1 ,7 7 8 .5 9 9
Inc.243,975
C o r d s o f w o o d .............................
4 0 ,9 1 0
3 8 .3 0 9
Inc. 2,610
Co s t o r L a b o r a n d M a
t e r ia l :
$
$
$
B o p . o f l o c o m o t i v e s —l a b o r . 1 ,6 3 7 ,9 8 1 5 9 1 ,6 0 4 ,2 0 6 0 5 I n c . 3 3 .7 7 7 9 4
“
**
"
-m a te r ia l.
8 1 9 ,7 1 9 3 2
7 8 8 . 4 9 6 1 5 I n c . 3 1 ,2 2 3 1 7
T o t a l r e p a i r - . ................. 2 ,4 5 7 .7 0 3
W a g e s o f e n g in e e r s , fir e m e n
a ltd w ip e r s
................ 1 ,0 2 2 ,4 0 2
O il a n d w a s t e ........ ...................
1 5 2 ,0 8 3
M is c e lla n e o u s -u p p U e * . . .
6 9 ,0 2 2
( d ia l......................................
, 3 ,8 5 t.5 8 7
W o o d ................................................
8 2 ,0 1 7
9 1 2 ,3 0 2 .7 0 2 8 0 I n c .
6 5 ,0 0 1 1 1
3 8 3 , 6 6 1 .3 0 0 4 3 Tnc. 3 6 1 ,1 0 1 9 5
37
1 5 2 ,8 7 7 3 9 D e c .
79402
77
5 7 ,1 2 0 2 7 I n c . 1 1 .9 0 2 5 0
8 3 3 , 4 9 1 ,7 5 8 6 0 I n c , 3 5 9 ,8 2 9 2 3
20
9 1 ,1 0 1 4 9 D ec.
8 ,5 4 4 2 9
T o t a l ........................................1 0 ,6 3 8 ,4 1 7 i ll 9 , 8 4 9 . 9 2 0 9 8 I n o . 7 8 8 ,4 9 6
C o s t p e r M i l e H u n , in C e n t s :
*32
D ee.
-35
F o r o i l a n d w a s te ................
■14
In c.
F o r m is c e lla n e o u s s u p p lie s
•13
8 -2 4
In c.
8T5
F o r f u e l ........................................
F o r e n g i n e e r s , fir e m e n a n d
8*32
In o.
8 -4 2
w ip e r s .........................................
5*14
5 -4 4
D ec.
F o r l o c o m o t i v e r e p a i r s ........
22-20
48
•01
•10
■03
■09
*30
2 2 -3 9
D ec.
2 3 -6 2
11 -89
1 6 -1 6
2 4 -7 3
1 1 -3 2
1 5 -2 4
D e c .]
I n c . ■57
I n c . •92
2
T o t a l ...................... ................
M il e s R o n :
T o o n e t o n c o a l ........................
T o o n e p i n t o i l (a ll k i n d s ) ..
T o o n e p i n t o i l ( lu b r ic a t in g )
A v e r a g e Co s t o f F u e l :
C o a l p e r D m ................................
W o o d p e r c o r d .......... ................
*1 96
2 38
D e c .$ () 05
D ec.
37
$ 1 91
01
STATEM ENT
OF
R O L L IN G
1 ,3 1 3
6 ,9 220
4,711-7
2.327-7
......
4.568-3
*02
*»6
Coaches—First-class.............
Becoud-ciass.........
Chair............................................
Combination:
Coach and Baggage............
Coach. Mali aiiu Baggage.
Baggage, Mail Sc Express.
Baggage and Express.......
Mall and Baggage...............
Mali and Espress................
Coach aud M ali,..................
Baggage..................................
Express...................................
M all..........................................
0 Iflcial.....................................
Pay............................................
Dining......................................
Parlor....................... ;..............
Observation..........................
Pullman (ball in terest)...
294
116
95
48
34
90
35
7
13
12
75
17
25
17
3
18
2
9
7
Total Passenger Cars............... 917
F r e i g h t Oa r s .
23,523-3
—*
M
Mileage of Loaded Freight Cars—
East and N o r th .............. 1 4 9 ,0 4 0 ,3 3 9
W est a n d so u th .................15 0 ,0 1 8 .6 6 5
1*17
Oom odiiip.1 not
m
Per c e n t .
In c .58 6 .8 43
D ec 44,3 8 0
Total Car M ileage..............47 9 ,1 8 3 ,3 3 9 4 4 9 ,8 1 4 ,1 1 0 In c.29,339,229
Loaded
19,071*6
....
Inc 2 ,9 6 5 ,7 7 1
5 ,461,785
9 0 1 ,5 9 7
13
•11
138,807 1
Ma n u f a c t u r e * :
10,815-8
3 4 ,2 87,473
N o t e .—T his in c lu d e s t h e c o s t o f r u n n i n g l o c o m o t i v e s e m p l o y e d o n
t r a c k Sind o t h e r w o r k , w h ic h in t h e o p e r a t i n g a c c o u n t s is c h a r g e d t o
w ork done.
217,0-3-5
•82
Petioicuui A- other oils
S u g a r . ...............................
Naval *torcA
.........
I r o n , p ig a n d b l o o m . . .
I r o n a n d * * o e l r a il* . ,
o t h e r c A A t ’ K* A u n e b ’ y
B a r a n d sh e e t m e t a l..
C e m e n t , b r i c k A lim e .
A g r i c o l t 'l i m p le m e n t *
W g 'ti* c n p g 's .t o o I s .A c ,
W in e , l iq u o r a n d b e e r .
H rm 'h M g o o d * A f n i ’ e .
ta a 2 2 ,8 0 0
Ine 823 ,7 4 9
In c .2,1 6 7 ,1 2 1
D ee.23,099
;
Miles run bv Cara in Pass
enger Trains .................... 6 3 ,7 8 6 ,1 5 7
Miles run by Cars in Fr'g’ t
and Other Trains...............4 1 5 ,3 9 7 ,1 8 2
P assenger Cars .
1.338,136-2
10*47
P er cent..................
451 ,0 0 7
1 1 ,1 8 0 ,7 5 4
2o, (1 2 .7 3 8
2 .2 9 3 ,9 3 6
Grand T l Train Mil’g e .. 4 4 ,1 6 2 ,0 9 4
eao e
Ine.S ,871
In c .19 ,7 7 4
D ec.845
:
Total Mil'ge Trains earn
ing d eveune------ --------- 37 .2 5 3 ,2 4 9
Miles run by 8 a itching
Trains.................................
6,0 4 8 .6 2 3
Miles run by Work Trains.
860, <17
C a r M Ic
In c . o r Dec.
14 0 .6 S I
261 ,0 1 0
4 9 ,3 1 6
Miles rim by Pass. Trains. 12.007,503
Miles ran by Fr’g’ t Train* 22 ,9 7 9 ,8 5 9
Miles run by Mix'd Trains 2 .2 6 5 .8 8 7
LOCOMOTIVES..........................
P r o d , o f Fo r e s t :
. . u m b e r . , . .................
1891-92.
144,552
28u,784
48,4 7 1
7,402-0
12,163-0
321,409-0
15,072-1
73,400-8
T o t a l ........................
P e r c e n t ..........................
T
Milks R u n :
$1
*1 4 6
1 54
op
T otal......................................
lu c .2-1 0 miles.
2 3 8 -4 2 m ile s .
ber
Passenger Trains..................
Freight T ra in s....................
Mixed Trains..........................
05
.......... .
B o x ........................................... 15,118
Combination.........................
200
Stuck....................................... 4 .736
Coal.......................................... 12,117
Flat.......................................... 3,500
STOCK
JU N E
30, 1893.
C aboose................................
749
Fruit (Freight)...................
608
Refrigerator.......................
611
Furniture............................ 1,202
Ballast..................................
350
Line B o x ...............
40
Short M ining......................
60
B eer.....................................
39
Total Freight Cars............39,330
M
is c e l l a n e o u s
Cars.
D errick.................................
Pile Driver...........................
Steam Shovel......................
B oarding..............................
W ater...................................
Oil Tank...............................
Snow P lo w .........................
T o o l......................................
Service.................................
W recking.............................
Scale Tester........................
Cinder..................................
Snow Flanger......................
Frontier Station.............
Total Miscellaneous Oars.
16
24
7
76
151
8
4
14
119
1
2
174
7
6
609
Grand Total C a rs.............. 4 0 ,8 5 6
THE CHRONICLE.
99 6
TJhz
C o m m e r c ia l
C O M
M
E R C I A L
C
jin x e s .
E P I T O M
E
T h e re h as b een a n in creased b u sin ess in th o r o u g h ly sta p le
a r tic le s o f m e r c h a n d ise , in fu s in g a h e a lth ie r to n e in to m a n y
B u y e r s ab sta in fr o m s p e c u la tiv e d e a ls a n d
g e n e r a lly e n d e a v o r to con fin e o p e ra tio n s to e a r ly tra d e n e c e s
sities.
E x o o rte r 3 h a v e g iv e n m o r e a tte n tio n to g r a in an d
ta k e n w h e a t a n d c o rn so close to a r r iv a l as to p r e v e n t a d d i
tio n s to se a b o a rd a c c u m u la tio n s. A t in te rio r lo c a litie s th e
m o v e m e n t o f a ll d e scrip tion s o f g r a in c o n tin u e s m o d e ra te ,
w h ic h serves as a su p p o rtin g e le m e n t to th e en tire breadstuff's
m a r k e t. C a ble a d v ic e s rep o rt a p roposed in cr e a se o f im p o r t
d u ty o n corn b y F r a n c e . S n o w h as f a lle n o v e r a c o n sid e ra b le
p o r tio n o f w h e a t-g r o w in g te rrito ry o f su fficien t d e p th to
a ffo rd p ro te ction to y o u n g w in te r g r a in .
C u re d m ea ts r e m a in
d u ll a n d m o v e fo r w a r d s lo w ly , n o tw ith s ta n d in g a c u t o n e a stb o u n d fr e ig h t ra te s b y th e p rin c ip a l r a ilw a y lines.
T h e fo llo w in g is a c o m p a r a tiv e s ta te m e n t o f sto c k s o f
le a d in g a r tic le s o f m e r c h a n d ise a t d a te s g i v e n :
1893.
Dec. I.
Pork.............................. ............bbls.
Lard.............................
Tobacco, domestic .
Tobacco, foreign___
Coffee, K io...................
Coffee, other...............
Coffee, Java, &o........
Sugar............................
8 agar............................
Sugar............................
Mel ado..........................
Molasses, foreign . . . ..........hhds.
Molasses, dom estic.
Hides............................ ............. No.
Cotton..........................
R osin............................
Spirits turpentine... ........... bbls.
T a r ............................... ..........bbls.
Rioej dom estic..........
Linseed _____ _____
Saltpetre......................
Jute butts...................
Manila hem p.............
Sisal hem p.................
Flour.................. bbls. and saoks.
1893.
Nov. 1.
2,207
7,872
16,266
45,1 5 1
114,263
17,493
66,5 6 6
85
None.
184,846
None.
317
1,800
191,300
161,119
21,290
2,081
1,880
4,500
2.100
None.
4,0u0
7,700
None.
7 ,120
1 8 8 ,6 " 0
1,018
6 ,040
17,033
41,0 1 6
190,748
28,453
81,506
154
None
6 0 ,9 3 0
None.
325
1,600
227,000
161,129
14,830
818
763
3,500
1,700
5 ,4 6 0
7 ,5 0 0
10,300
None.
10,847
140 450
1892.
Dec. 1.
13,734
7,833
21,153
37,381
14=>,441
20,8 7 9
31,306
473
None.
301,753
None
255
3 ,000
2 3 0 ,4 0 >
327,026
22,008
1,414
2,910
None.
13,500
48,4 0 0
None.
4 ,300
201 ,6 0 0
L a r d o n th e sp ot w a s q u ie t e a r ly in th e w e e k b u t la te r e x p orters w e re b u y e rs a n d prices a d v a n c e d , c lo sin g firm a t 8 } 4 ' f o r p r im e C ity , 8"9 0 o. fo r p r im e W e s t e r n a n d 9 -2 5 c . fo r r e
fined fo r th e C o n tin e n t.
T h e sp e c u la tio n in la rd fo r fu tu r e
d e liv e ry a t this m a r k e t h a s b een d u ll, b u t a t th e c lo se prices
w e re a d v a n c e d , o w in g to lig h t sto c k s a n d th e in creased e x p o r t
d e m a n d c lo sin g firm .
D A IL Y CLOSING PRICES OF LARD FUTURES.
December.............................
January.................... ..........
Sal.
8-45
8 '1 0
Mon.
8 55
8-24
Tues.
8 -50
8-20
Wed.
8-50
8 ’22
O
T
T
O
N
.
F riday N ight, D e c e m b e r
The Movement of the Crop , as in d ic a te d b y o u r
F r i d a y N ig h t , Dec. 8 . 1 8 9 3 .
o f th e m a r k e ts .
[Y ol. l v i i .
Thurs.
8-55
8 '3 0
Frl.
8-85
850
P o r k h a s b een in lig h t d e m a n d , b u t p rice s h a v e h e ld fa ir ly
ste a d y , c lo sin g a t §1 4 75 i f 15 25 fo r m e3s. C u t m e a ts h a v e been
d u ll b u t ste a d y . T a llo w lias a d v in c e d , a n d th e c lo se w a s firm
a t 5 1 -16 a>5J^c.
C o tton seed o il has been q u ie t a n d prices
h a v e d e c lin e d to 2 T ^ ^ 2 8 o . fo r p r im e c ru d e an d 33 a) 34c. fo r
d o. y e llo w .
C o ffe e m e t w ith m o re lib e ra l sa le to c o n su m e rs a n d h a rd
en e d in v a lu e .
R io q u o te d a t 18c. fo r N o . 7 , g o o d C u c u ta at
2 1 @ 2 1 fC c . a n d in te rio r P a d a n g a t 2 3 i 2 4 c .
F o r fu tu r e
d e liv e r y a grea te r n u m b e r o f sh o rt c o n tr a c ts h a v e b e e n c o v
e re d , w h ic h se rv e d as a stim u lu s to v a lu e , b u t a t th e close
d e m a n d is s lo w e r a n d to n e b a re ly s te a d y .
T h e fo llo w in g are th e fin a l a sk in g p ric e s:
D eo.......................16-75o. |M eh....................1 6 0 0 c . I J u n e ................... 15-3Jc
J a n ...................... 16-40C. A p r....................15-800; J u ly .....................1 5 1 0 c
Feb....................... 16-25o. I M ay....................15-55c. I A u g...................... 15-050R a w su g ars h a v e been q u ie t, w ith su p p lie s in c r e a sin g an d to n e easie r; c e n tr ifu g a l q u o te d a t 3c. fo r 96 d e g ree s te st an d
M u sc o v a d o e s a t 2 % c . fo r 89 d egrees test.
R e fin e d su g a rs sold
m o re fr e e ly a t s te a d y r a t e s ; g r a n u la te d q u o te d a t 4 * £ c .
T e a s sold m ore fr e e ly a t au ctio n .
T h e re has b e e n a f a ir ly a c tiv e tra d e in th e m a r k e t fo r K e n
tu c k y tob a c c o a n d sales h a v e b e e n m a d e o f 500 h h d s ., in c lu d
in g 400 h h d s. lo w g r a d e lu g s to g o to S p a in , a t s te a d y p rice s.
S eed le a f tob acco h a s been d u ll b u t s te a d y ; sales fo r th e w e e k
w e re 875 cases.
T h e sp e c u la tio n in S tra its tin h a s c o n tin u e d s lo w , an d
p rice s h a v e g r a d u a lly eased o ff in resp o n se to w e a k e r a d v ic e s
fr o m a b ro a d , c lo sin g a t 20 50 c .
S a le s fo r th e w e e k w e re less
th a n 100 ton s. I n g o t cop p e r h a s been q u ie t a n d w ith o u t
c h a n g e or fe a tu re o f im p o r ta n c e , c lo sin g a t 1 0 -35c. fo r L a k e .
L e a d h a s c o n tin u e d d u ll a n d p rice s h a v e fu r th e r d e c lin e d to
^ 3 - 2 0 c . fo r d o m e stic . S p e lte r is firm b u t q u ie t a t 3 -80 c. fo r
• d o m e stic .
P ig iro n is ste a d y a t $ l l @ 1 4 50.
R e fin e d p e tro le u m is n o m in a l a t 5 T 5 c . in b b ls ., 2 '6 5 c . in
b u lk a n d 6 "25c. in c a se s; c ru d e in b b ls. is h ig h e r , W a s h i n g
ton c lo s in g a t 6 '0 0 c . in b b ls. a n d 3 -50c. in b u lk ; n a p h th a 5 % c .
C ru d e c e rtifica tes h a v e b een fu r th e r a d v a n c e d , c lo sin g firm
a t 77,!^c. b id . Sp irits tu r p e n tin e has d e c lin e d
b u t th e
close w as firm a t 29<a29J^c. R o sin is q u ie t an d u n c h a n g e d
a t $1 3 0 @ $ l 35 fo r c o m m o n aDd g o o d stra in e d . W o o l is q u ie t
an d u n se ttle d . H o p s are d u ll an d b a re ly ste a d y .
8 . 1893.
te le g r a m s
f r o m th e S o u th t o -n ig h t , is g iv e n b e lo w .
F o r th e w e e k e n d in g
this e v e n in g th e to ta l re ceip ts h a v e r e a c h e d 3 1 1 ,1 0 3 b ales,
a g a in s t 296,931 b a le s la s t w e e k a n d 291 ,0 0 6 b a le s th e p re v io u s
w e e k ; m a k in g th e to ta l re c e ip ts s in c e th e 1st o f S e p t., 1893,
3 ,3 0 4 ,7 5 3 b a le s, a g a in s t 2 ,9 9 7 ,4 8 7 bales f o r the s a m e p eriod o f
1892, s h o w in g a n in crease sin ce S e p t. L 1893, o f 3 07,236 b ales.
jReceipts at—
Sat.
Mon.
Tiies.
Wed,
Thurs.
Fri.
Total.
8 ,917 12,454 9,273
G alveston..........
3,366 18,766 7 ,857
..........
.........
..........
Velasco, & e ___
......
....
1,794
14,900 14 831 18,530 11,875 13,487 12,246
New Orleans.
2,762
360 2,507
3 ,429 3 ,596
753
M obile................
.....
.........
......
1,194
Florida...............
6,229
8,797
6.062
8 ,820 6,547
6,810
Savannah.........
..........
......
.....
2,438
Brunsw’k, &c.
......
3 ,782 5,524
4 639 2,961
Charleston........
3 ,0 3 6
......
181
Ft. Royal, &c.
.....
3 ,1 0 0
W ilm in g to n ....
1,724
3,227
2 ,006
1,758
883
........
W ash’ton, &c.
.....
..........
......
68
......
3 ,799
7,052
3,453
5,576
Norfolk...............
3 .667
3 .833
3,631
2,052
3,836
3,605
W e3t P o in t...
1 .1 3 )
1,598
..........
..........
.........
N ’port N ., &c.
6,329
......
1,014
550
......
864
850
New Y o rk ..........
756
747
949
1,190
B oston.............
381
1,741
2,197
2,691
129
Philadelph’a &c
61
30
719
589
65,6 3 3
1 ,794
8 8 ,9 1 9
13,407
1,194
43,2 9 5
2 ,4 3 8
16,153
181
1 2 ,7 0 3
68
2 7 ,3 8 0
15,852
6 ,328
4 ,034
7 ,2 0 5
2,691
1,523
Tot’ls this week 47.377 66,146 50,866 45,5 6 4 46,877 57,752 311.103
T h e f o llo w i n g s h o w s th e w e e k ’s to ta l r e c e ip ts , th e to ta l s in c e
S e p t. L 1893, a n d th e s to c k t o -n ig h t , c o m p a r e d w ith la s t y e a r .
Receipts to
Dec. 8.
G alveston...
Velasco, &o.
New Orleans
Mobile...........
Florida.........
Savannah. . .
Br’ wick,&c
Charleston..
P.Royal,&c
Wilmington..
Wash’n, &c
N orfolk .........
W est Point
N’p’tN .,& c
New Y o r k ...
Boston .........
B altim ore...
Pliiladel.,&o.
1893.
This
Week.
65,633
1 ,791
88,919
13,407
1,194
43,295
2,433
16,453
181
12,703
68
2 7 ,3 8 0
15,852
6,328
4,034
7,205
2,691
1,528
Stock.
1 8 92.
Since Sep.
1 ,1 8 9 3 .
65 7 ,0 9 0
20,2 5 5
961 ,0 8 1
1 17,939
11,101
60 6 ,7 3 0
44,218
227,158
30,548
127,944
369
27 1 ,2 2 7
1 22,536
22,513
16,893
32,5 8 0
20,6 1 4
13,957
This
Week.
Since Sep.
1 ,1 8 9 2 .
57,731
2,043
93,436
10,236
1.208
30,271
7,243
8,073
709 ,1 5 2
28,735
7 5 0 ,3 2 6
107,106
13,384
5 4 6 ,6 7 4
98 546
217 ,7 7 6
222
122,882
512
166,156
1 44,189
10,155
15,3 6 9
30,885
17,973
17,414
10,078
43
11,318
8,187
487
2 ,724
4,764
4,953
3 ,U 5
1893.
1892.
216 675
65
312 805
37,0 9 6
154 7 8 0
3 ,6 2 8
2 4 9 ,7 4 0
3 7 ,2 6 3
125 ,6 3 4
14,900
96,538
1 0 7 ,4 3 5
10 203
5 1 ,6 5 7
....
23,8 0 0
2 7 ,6 2 6
102,101
22,8 6 2
14,4 8 0
1 71.603
24,0 0 0
25,050
8,910
45 8 6 6
2 2 ,4 2 7
2 ,1 1 6
3 1 1 ,4 2 6
25,5 0 0
4 1 ,9 9 5
12,1 0 9
T otals........ 311 .1 0 3 3,304,7531255,910 2 ,9 9 7 ,1 8 6 !l,1 9 9 519 1,103,779
In ord er th a t c o m p a ris o n m a y be m a d e w it h o th e r y e a r s , w e
g iv e b e lo w th e to ta ls a t le a d in g p o rts f o r s ix seaso n s.___________
Receipts at—
1893.
Galves’nj&c.
New Orleans
M obile..........
Savannah...
Char’ ton,&c.
Wilm’ ton,&c
N orfolk........
W. Point,&c.
All oth e rs...
67,4 2 7
88,919
13,407
43,2 9 5
1 6 ,6 3 1
12.771
27,3 3 0
22,1 3 0
19,0 9 0
5 9 ,7 7 4
93,4 3 6
10,236
30,271
8 ,073
10,121
11,318
8 ,674
24.007
Tot. this wk.
3 11,103
255 ,9 1 0
1892.
1891.
1890.
52,1 1 0
107,972
11,681
42,533
1 5 ,0 )1
7 430
20,0 1 9
12 152
26,466
1 8 89.
36,838
81,578
12.2 4 1
35,5 1 5
17,810
4 ,9 0 L
25,5 7 8
17,1 6 8
25,8 5 0
296,504| 257,529
1888.
32 0 4 ?
98,623
12,476
37,2 2 7
11,353
6 ,321
18,648
1 8 .1 4 7
17,7 7 4
30,031
86.1 9 1
13,4 1 8
35,5 6 7
2 0 ,6 5 4
10,901
22,2 5 7
21,7 3 2
2 7 ,0 8 9
252,612
26 7 ,8 4 0
Since Sept. 1 3 3 04.753 2 9 ) 7 ,48614061.351 3698 099 36 1 7 .4 1 5 3 1 3 5 ,0 1 6
T h e e x p o rts fo r th e w e e k e n d in g th is e v e n in g r e a c h a t o t a l
o f 2 12,708 b ales, o f w h ic h 99,7-41 w e re to G r e a t B r ita in , 2 5 ,7 9 6
to F ra n c e a n d 87,131 to th e rest o f th e C o n tin e n t. B e lo w a r e
th e e x p o rts fo r th e w e e k a n d sin ce S e p te m b e r 1, 1891.
E e p o r ts
fro m —
G a lv e sto n ........
Velasco,
New O r le a n s..
M ob ile & P en .
S avannah ........
Brunsw ick........
C h a rle sto n *. . .
W ilm in g t o n ..
N o r fo lk ..............
W e s t P oint—
N ’p’ t N ew s, &c
N ew Y o r k ------B osto n ...............
B altim ore_____
Philadelp’a.&c
T otal .............
W e e k E n d i n g D e c . 8.
E x p o r te d to —
G rea t
B r it 'n . F r a n c e
41,971
19,973
..........
0,028
11,843
9,800
1,900
1,185
6,770
5,722
3,597
602
99,781
T o ta l
n en t.
W eek.
3,355
1,500
17,329
13,658
1,500
79,273
33,718
10,303
C o n tU
83,718
0,028
18,073
25,987
1,900
4,700
1,530
16,187
1,123
8,085
4,585
242
1 185
16,578
5,722
8,182
904
F r o m S e p t , 1, 1893, t o D e c . 8 . 1893.
E x p o r te d to G rea t
B r ita in . F ra n ce
209,676
47,316
290,890 104,040
13,224
00,994 22,187
17,007
2,000
93,961 11,175
40,871
50,797
350
25,542
3, 5m7
155,287
7,307
58.273
25.400
2,833
5,700
C o n tU
n en t.
T o ta l.
54,807
17,155
110,318
371,299
17,165
695,278
13,224
270,951
25,997
168,402
95,932
57,147
25,642
3,587
245,723
00,710
84,537
7,645
193,770
6,330
64,260
55,061
83,009
2.437
50,304
1,855
25,796
87,131 212,708 1,116 359 257.868
674,902 2,049.129
T o t a l 1 8 9 2 .... 00,754 29,269
* In clu d in g P o rt R oyal.
55,479 145,502 1.211,609 241,5*6
506.687 1,969.902
THE CHRONICLE.
Decembbb 9, 1893.]
B99
la addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by Messrs,
Lambert & Burrows, 24 Beaver Street.
i n
i
m
i
w -s s l
m
l
m
i
, ^ o i
O S rP O J * N T C E R D O
N H B A tD O L A E —F B
Dec, 8 at—
N e w O r le a n s ...
G a lv e s t o n ......
S a v a n n a h ______
C h a r le s t o n .........
M o b i l e ................
N o r f o l k ...............
N e « Y o r k ..........
O t h e r p o r t ___
Great
Other
Britain . France. Foreign
Coast
wise.
2 3 ,3 9
7 ,5 8 2
9 .0 0 0
1 3 .0 0 0
Kone.
1 .0 0 0
8 ,9 0 «
2 8 .0 0 0
2 ,4 0 2
4 .6 6 4
2 7 .6 4 4
73 ,'157
1 0 ,0 0 0
1 0 ,2 0 0
4 ,6 0 0
5 1 .- 00
s ,8 0 0
4 6 .0 0 0
2 1 .3 9 3
1 0 ,5 7 7
3 ,5 0 0
None.
None.
None.
300
None.
Leaving
Stock.
Total.
7 4 ,7 4 1
6 8 .0 * 0
2 6 ,1 0 0
2 3 ,6 0 0
4 ,6 0 0
5 7 .0 0 0
I s , 500
7 4 .0 0 0
3,600
40u
None.
0 ,0 0 0
None.
None.
rl~s
-■ C.3
O
C
O
T o ta l 1 8 9 3 ...
2 3 1 ,5 0 1
3 o ,2 7 0
9 0 .7 9 1
1 6 ,0 6 6
3 7 4 ,6 2 8
8 2 4 .8 9 1
g
-? s
T o t a l 1 3 9 2 ...
T o t a l 1 3 9 1 ...
8 9 ,6 1 i
1 5 0 ,0 4 5
2 7 ,2 3 0
8 3 .1 9 8
8 8 ,9 1 2
7 8 ,6 5 0
2 0 ,4 2 9
20.1136
2 2 4 .1 * 2
2 7 2 ,8 2 9
8 7 9 ,5 3 7
9 5 6 ,7 5 8
§
ss
Speculation in cotton for future delivery at this market
does not expand. Considerable interests both “ long” and
“ abort" are believed to exist, but operators generally are
perplexed over the situation, which serves to prevent addi
tional obligations of importance. The business therefore is
principally confined to liquidation and renewals of small deals
for quick "turns. On the average a bearish temperament pre
vailed during the week ia consequence of great indifference
on part of domestic spiimners, rather disappointing advices
from abroad, full port receipts and increased pressure to re
alize by Southern holders. The opposiug bullish idea is that
presnt free movement indicates early exhaustion of crop and a
sharp falling away m supply after the opening of the calendar
year. During Saturday there was a loss of 7(38 points, and a
further decline on Monday of 14@15 points additional took place
under disappointment in tenor of cable advices and a crop
movement exceeding previous calculations. The failure of
attempts to negotiate sales to Eastern spinners at modified
cost also had a discouraging influence upon holders of sup
plies, Tuesday’s market brought a recovery of 9 points upon
the receipt of Sightly firmer accounts from abroad, but that
advance nearly all disappeared on Wednesday for want of
new baying orderB. "kesterday Liverpool strengthened a
trifle and our market responded 8 points, but as soon as a
small “ fhort” line was covered it promptly reacted and closed
at
points net loss. To-day there has been another con
siderable break under continued weakness at Liverpool and
an absence of noticeable shrinkage in crop movement, and
price declined 1-5 points, with some reaction before the close.
Cotton on the spot has been dull and lower, closing at 7 13-lGc.
for middling uplands.
The total sales for forward delivery for the week are 854,30
bales. For immediate delivery the total sales foot up this week
11,098 bales, including---- for export, 2,098 for consumption,
----- for speculation and 9.000 on eoutrnet. The following are
the official quotations for each day of the past week—
December 2 to December 8.
Rates on and off middling, as established Nov. 22 by the
Revision Committee, at which grades other than middling
may be delivered on contract:
On this basis the prices for a few of the grades would be as
follows:
UPLANDS.
S a t.
l i o n X it e s W e d
G ood Ordinary........................... g ‘
>
Low M ifM iiQg..,,.*
7%
M iddling....................................... 8*1#
^
Good M iddling................. .........
Middling Fair..............................
T l« .
F r l.
6V,
6%
7 >
7 7e
fils
|“ ie
e?8
8
r *
7>*
7 l* ,«
8*4
814,6
S a t.
t i
S t
.H o n T t ie s W e d
Good O rdinary..........................
Low Middling . . . . . . a . . . . . . .......
M id d lin g .........-........ ............ .
Good M id d lin g ,................... .
Middling F air........... ..........
74, e
"T
e
8Ji*
»«8
7>e
7W»r
88
8»lfl
STAINED.
S a t.
GULF.
Low Middling*........ ...................
M iddling— ............ .
Strict Middling ........ ..
—
Good MidiJItriK Tintred..............
7»e
7 »».
8H
8*15
91*
%
f4 ‘
SUt6
M o n F ues W e d
6%
8
K «
S ?
6H
%
8
K “
811,6
Th.
F r l.
7
711,.
8>e
S7i«
9
6 'h s
7*b
|‘ u
8%
»U>1.
T li, l F rI.
SALK S
hr
* m x M ARKET
!
CLOSED.
-*• j
S a f d a y . D u l l ..........................
M o n d a y ,K a * v at i ig de e .
T u e s d a y ; D u l l -------- ---------------W e d d a y D u ll at l , , d e c .
T h n r ’ d ’ y D u ll a t l „ d e c ..
F r i d a y .. i D u l l a t i ls d e c . ,
Ex
port.
or
?«*s
1\
7tw<2
713j«
Oon- " Spec- Con
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sump. urt'n tract.
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' Includes sales in September, for September, 1*7 0 0 ; SeptemberOctober, tor October, 207,800; September-November for November,
717,9 0 0 .
The following exchanges have been nude during the week :
SP O T AXI> C O N TRA CT,
236
250
212
510
70
818
«P.
-A -l 3 -A
r
< -1 5
3
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HO.
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cc
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MARKET AND SALES.
'
g o>
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0
0
E i*©
?«S
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f©
• o ©j* * goo r 1
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D
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9
5>«
<K30<3
W-3P a
d
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8-30
100
8-30
oa. i Good Ordinary.......... . . . c , 1% off.
on. ' G ood Middling T in g e d ...
Even.
HirietGood M
iddling...... % on. Strict Middling stained . r oft
G ood Middling................... »i(s on. M iddling8t dued ............ 7,« oft'.
off strict tow Mid. Stained..
oft.
Strict to w M iddling...
tow M
iddling v_
............
off. Low M iddling Stained __ 13s oft.
Strict G ood o r d in a r y ..... u , s oft.
F a ir..... ...........................c . 1 !*
MiddHot* Fair.................... "«
<
1
a'<
2 3 8 ,0 5 7
12 0 595
9 9 ,5 3 4
7 2 .9 3 8
3 2 .4 9 6
4 7 ,1 0 1
1 5 6 .lt .3
6 0 ,0 6 7
3 ,5 0 0
800
4 ,1 0 0
300
300
Total.
23 0
3 ,7 5 0
1 ,0 1 2
4 ,6 1 0
370
1 ,1 1 8
Sale# of
Futures.
4 7 ,5 0 0
1 5 8 ,7 0 0
1 6 6 ,0 0 0
U t .W U O
1 1 7 .4 0 0
2 2 2 .4 0 0
02 pd to excli. 900 Deo. for Jan.
1-1 pd. to exeb. 300 Jan. for Moll.
•2 >pd. toexoli. 1 /'0 0 Jan for May.
•3ft pa. toex eb . 1,500 Jan. for J'ne.
07 pd. to exch. 200 Feb. for Mcb.
•17 p<l. to excli. 200 Dec. forM eh.
•14 pd. to excli, 500 Jan. fo r Mch.
■07 pd. to exeh. 2,400 Jan. for Feb.
•15 pd. toexch. 1.H00 Jan. forM cb j
36 pd. to exch. 2 ,0 0 0 Jan. for J'ne
'
•16 pd. to excb, 2 .0 0 0 Jan. for Mcb
■08 pd. to exob. 100 Apr. for May.
•15 pd. to exeh. 100 Jan, for Mcb.
•31 pd. to exob. 100 Jan. for May.
The V isible Supply of Cotton to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well as
....
those for Great Britain and the afloat are this week’s returns,
and consequently all the European figures are brought down
8 * 4 ,3 f‘0
9 ,0 0 0 i 1*006
2,0961 . . . .
...
T o t a l . . ................................
to Thursday evening. But to make the totals the complete
the S ales and Prices of Futures are shown oy the figures for to-night (Dec. 8), we add the item of exports from
the United States, including in it the exports oi Friday only,
following comprehensive table.
::::
THE CHRONICLE.
lo o a
[V ol ,
l y ii.
L890.
1893.
1892.
1891
(-^DOTATIONS FOR MIDDLING COTTON AT OTHER M A R K E T S.—
7 9 7 .0 0 0
Stock at Liverpool......... bales. 1 ,0 9 2 ,0 0 0 1 ,3 5 2 ,0 0 0 1 ,1 4 ’,000
2 ',0 0 0 B e lo w w e g iv e c lo s in g q u o ta tio n s o f m id il ia g c o tto n at S o u t h
9 ,000
0 ,0 0 0
7 ,0 0 0
Stock at L o n d o n . _________________________
e rn an d oth er p rin c ip a l co tto n m a rk e ts fo r e ic h d a y o f th e w e e k .
823 .0 0 0
Total Great Britain stock. 1,0 9 9 ,0 0 0 i ,* 5 ;,0 0 o l,lo n ,o o o
3 ,200
1,200
3 .0 0 0
Stock at Hamburg.......................
12,000
CLOSING QUOTATIONS F O B M IDDLING COTTON ON—
123.000
100 ,0 0 0
101 ,0 0 0
172,000
Stock at Bremen..........................
10,0 0 0
18,000
15.0 0 0
J
Dec. g
Stock at A m sterdam .................
15,000
Mon.
Thurg.
Fri.
Satur.
Tues.
Wednes.
300
400
200
Stock at Rotterdam....................
300
3 .000
5 .000
3 .000
Stock at Antwerp........................
9 ,000
7^
7*9
77,6
77,6
73)8
178.000 G alveston...
239 ,0 0 0
367 ,0 0 0
Stock at Havre.............................
3 7 6 ,0 0 0
738
7*9
7*9
73,8
7*>,8
77 6
3,01)0 New Orleans
10.000
8 .000
4 .0 0 0
Stock at M arseilles.....................
Mobile
7%
7*9
7*9
77,8
76,8
7 *16
45,000
56.0 0 0
65.0 0 0
29.0 0 0
Stock at Barcelona.....................
7*4
7*4
7*s
77,6
77,8
73,8
7 .0 0 0 Savaunah .
8 ,000
5 .000
7 .0 0 0
Stock at Genoa.............................
738
7%
7*4
7*9
76,8
76,6
_ _ 4 ,0 0 0 Charleston
11.0 0 0
21.0 0 0
2 0 .0 0 0
Stock at T rieste..........................
738
W ilm ington.
738
738
738
73g
738
376 ,5 0 0 Norfolk.......
6 4 4 ,3 0 0 5 7 8 .4 0 0
45 *,4 0 0
Total Continental slocks.
73s
7*9
7*9
73,8
7*9
7*9
8
Boston .......
8
7*6,8
81,6
7*8
81,8
Total European s t o c k s .... 1 ,7 4 3 ,3 0 0 1,9 3 6 ,4 0 0 1,6 13,400 1,1 9 9 ,5 0 0
773
778
7*8
7 78
77B
7*8
'*
---------* --------18,000 Baltimore
India cotton afloat for Europe.
4---------■',000
3 0 ,0 0 0
16,000
83s
8 1R
87,«
86,8
8*9
8*9
Am er. cott’n afloat for Europe. 6 4 6 ,0 0 0 5 8 4 ,0 0 0 7**7,000 625 .0 0 0 Fhiladelpnia
7 61 «38 7 1 ^ ° i6 7*4®3,e 7*4®3,8
4
77,6
6 -,0 0 0 A u g u sta. . ..
77,8
JEgypt.BrazJlf&c.,afltfor E’r p e
5 9 ,0 0 0
7 0 ,0 0 0
58,0 0 0
7=8
738
M em p his....
7*9
7*9
7*8
79,8
Stock in United States ports.. 1,199,-*19 1,10.^,7 79 1,225,537 7 4 9 ,3 6 6
7*9
79,6
7*9
7*9
46 \1 » 9 8t. L o u i s ....
j
73,8
79,8
Stock in U. S. interior tow ns..
441,7 2 ) 43 2 ,4 5 4
5 5 4 .7 5 4
7*9
7*9
77,8
77,6
77,8
United States exports to-day.
2 8 ,4 8 5
3 6 ,0 2 0
2 8 ,9 8 0
57,1 7 0 H o u ston . . . .
T^ie
7\
7St
Cincinnati..
7 78
7 '3 ,8
7 * 16
Total visible supply........... 4 ,1 6 3 ,0 2 4 4 , 19 2 ,6 5 i 4 ,* 9 ,72« 3,1 8 6 ,2 2 5 L ouisville...
7%
73>
7%
7*8
738
76s
O f tbe above, totals of American aud other descriptions are as follows:
American—
T h e c lo s in g q u o ta tio n s to -d a y (F r id a y ) a t o th e r im p o r ta n t
Liverpool stock............... bales. 9 0 0 ,0 0 0 1 ,1 8 3 ,0 0 0
9 5 6 ,0 0 0 521 ,0 0 0
Continental stocks.....................
5 4 5 ,0 0 0
462 ,0 0 0
3 4 0 ,0 0 0 27d ,000 S o u th e r n m a rk e ts w e re a s fo llo w s .
American afloat for E u rop e...
6 4 6 ,0 0 0
5ts4,000
79 ,0 0 0 6 2 5 ,0 0 0 A tla n ta .............
7S18 |Little Rock . . .
7
7*4 N ew berry...
United States stock.......................1 ,19^ ,519 1,10J,779 1,2 '9 n87 749 ,3 6 6 Columbus, G a.
Montgomery...
7
7
R aleigh........
6 7s
United States interior stocks..
4 4 1 ,7zO 4 3 2 ,4 5 4
554 ,7 5 4 46^ ,189 Coiumnus, Miss
7
I N asliville..........
7*4 I Selma............
7*4
United States exports to-day.
2 8 ,4 -5
3 6 ,0 2 0
2-> 80
5 7 ,170 Rufaula.............
N atchez............
7
7bs
7*4 I Shreveport..
Total A m erican ................... 3 ,'6 0 ,7 2 4 3 ,8 0 1 ,2 5 3 3 ,9 0 6 ,3 2 1 2 ,6 9 1 ,7 2 5
R e c e ip t s f r o m t h e P l a n t a t io n s . — T h e fo llo w in g ta b le
East Indian, Brazil, dec. —
Liverpool stock.... .......................
192 ,0 0 0
1 6 9 ,0 0 0
190 ,0 0 0 27 6 ,0 0 0 in d icate s th e a c tu a l m o v e m e n t ea c h w eek f r o m th e p la n ta tio n s .
London sto c k ................................
7 ,0 0 0
6 ,0 0 0
9 ,0 0 0
26,0 0 0 T h e figu res d o n o t in c lu d e o v e rla n d re c e ip ts n o r S o u th e r n
Continental stocks...................
9 9 ,3 0 0
1 16,400
1 1 8 ,4 0 0 10 3 ,5 0 0 c o n s u m p tio n ; th e y are s im p ly a s ta te m e n t o f th e w e e k ly
4 5 ,0 0 0
3 0 ,0 0 0
1 6 ,0 0 0
18,0 0 0
India afloat for Europe..............
Egypt, Brazil, &c., afloat.........
5 9 ,0 0 0
7<>,000
5 ^ ,0 0 0
68,0 0 0 m o v e m e n t f r o m th e p la n ta tio n s o f th a t p art o f th e c r o p w h ic h
Total East India, & c............ 40^ .3 o 0 3 9 1 ,4 0 0
o 9 ,4 u o
4 9 «,dou fin a lly re a c h e s th e m a r k e t th r o u g h th e o u tp o rts .
Total Am erican.................... 3 ,7 6 0 ,7 2 4 3,80 1 ,2 o 3 3,9 0 6 ,3 2 1 2,6 9 4 .7 2 5
Week
Receipts at the Ports. SVk at Interior Towns. Rec'pts from Plant*ns,
Total visible supply........... 4 ,1 6 3 ,0 2 1 4 ,1 9 2 ,6 5 3 4 ,2 9 7 ,7 2 1 3,1 3 6 ,2 2 5
Price Mid. Upl , Liverpool........
4>j d.
5»i d.
4 * ,bd.
5 i d.
Ending—
1H
91. Ib9<i. | 1893. 1891. | *892. | 1898. 1891. ih»2. | 1893.
Price Mid. U pl., New Y ork—
7i3ieC.
9% o.
Sip o.
93a.
T h e im p o rts in to C o n tin e n ta l p o rts th e p a s t w e e k h a v e
b e e n 1 23,000 b a le s.
T b e a b o v e figu res in d ic a te a d ec rea se in th e c o tto n in s ig h t
to -n ig h t o f 2 9 ,6 2 9 b ales as c o m p a re d w ith t i e s a m e d a te
in 1 8 92, a d ecrea se o f 131,697 b ales a s c o m p a r e d w ith t h e
c o rr e s p o n d in g d a te o f 1891 a n d a n in c r e a s e o f 9 7 6 .7 9 9 bales
as c o m p a re d w ith 1890.
A t t h e I n t e r i o r T o w n s th e m o v e m e n t — th a t is th e
f o r th e w e t k . a n d sin ce S e p te m b e r 1, th e sh ip m e n ts
w e e k a n d th e sto c k s t o -n ig h t , a n d th e s a m e ite m s
c o rr e sp o n d in g p eriod o f 1 893— is se t o u t in d e ta il
fo llo w i n g s ta te m e n t.
re ce ip ts
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T h e a b o v e s ta te m e n t s h o w s : 1 .— T h a t the to ta l re c e ip ts fr o m
the p la n ta tio n s sin ce S e p t. 1 in 1893 are 3 .6 7 0 ,3 9 7 b a le s; in
1892 w e r e 3 ,3 0 1 ,3 0 6 b a le s ; in 1891 w ere 4 ,5 6 9 ,1 7 6 bale3.
2 .— T h a t a lth o u g h th e receip ts a t th e o u tp o rts th e past w e e k
w ere 31 1 ,1 0 3 b ales, th e a c tu a l m o v e m e n t f r o m p la n ta tio n s w a s
3 30,357 b a le s, th e b a la n c e g o in g to in cr e a se th e sto c k s a t
i he in te rio r to w n s . L a s t y e a r th e re c e ip ts f r o m th e p la n ta tio n s
fo r th e w e e k w e re 2 9 1 ,7 3 7 b ales a n d f o r 1891 th e y w e r e
3 2 8 ,8 3 9 h a le s.
1 8 92.
i8 9 3 .
December 8.
Week.
8hipped—
via 8t. Louis....................................
Via Cairo...........................................
Via Hannibal...................................
Via Evansville................................
V ia Louisville..................................
Via Cincinnati.................................
V ia oi her routes, &o.....................
Since
Sept. 1.
Week.
Since
Sept. 1
31.380
14.129
1,643
378
6,851
6 ,000
9 ,026
23 8 ,2 8 3
105,019
6,201
5,102
44,704
46,760
49,182
28,6 1 6
15,664
9,946
758
7 ,885
6 ,316
8,218
170773
93.6 0 6
93.918
5,534
65,988
42,638
62,109
Total gross o v e r la n d ...............
Deduct shipments—
Overland to N . T -, Boston, <feo..
Between interior t o w n s .............
Inland, <Sto.,from S o u th ..............
69,407
4 95,311
77,403
5 31,566
15,458
2,113
7 ,1 4 0
84,0 4 4
13,856
40,869
15,556
2 .193
2,921
81,671
10,2 5 0
2 9 ,4 9 4
24,711
138,769
20,670
1 21,415
Leaving total net overland*.. 44,696
356 ,5 4 2
‘ Including movement by rail to Canada.
56,733
413,151
T h e f o r e g o in g s h o w s th a t th e w e e k ’s n e t o v e r la n d m o v e m e n t
this y e a r h a s b e e n 4 4 ,6 9 6 b ales, a g a in s t 56,7 3 3 b a le s fo r th e
w eek in 1892, a n d th a t f o r th e se a so n to d a te th e a g g r e g a te n e t
o v e rla n d e x h ib its a d e c re a se f r o m a y e a r a g o o f 5 6 ,6 0 9 b ales.
1893.
In Bight and Spinners’
Takings.
* » » » f
HCH O M
O feO MW M C - C j:0tOM HM tS*
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T o U « © C tocclo to057-0500W to © M00 05C
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♦ |
*
w 'o V 'iV e o ;
to a . 01 --1 o o .
O to to 05O *>■
326.8 9 379,340
270,6031317,739
262,832 345,086
274,543 312,019
296.122 309,708
91.737 330,357
Total to be deduoted.................
3
C
O
34A.t97 293,552334,762 373 630 321.031 321,560 382.980
:o 5.668 265.6:9'296,141 423,178 326,015 313,158 395,216
4
325 714 262,766 299.571 466,921 326,<*811388.676 369,457
313,225 251.764 {291,00 501,497 346.860 409,689 347.801
2
-93,161 • »8 365 296 931 621,419 396,627 422,466 313,08'
295.504 265.91‘l3il,l0l 564.7541432 45« 1441,720 328,839
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d s in c e S e p t . 1.—
-4
..Mp
3......
10....
1?....
24....
1....
8
W e g i v e b e lo w a s ta te m e n t s h o w in g th e o v e r la n d m o v e m e n t
for th e w e e k a n d s in c e S e p te m b e r 1. A s t h e le t u r n s r e a c h u s
b y te le g r a p h la te F rid a y n i g h t it is im p o s s ib le to e n t - r so
la rg e ly in to d e ta il as in o u r r e g u la r m o n t h ly r e p o r t, b u t a ll
th e p rin c ip a l m a tte r s o f in te r e s t are g i v e n .
T h is w e e k ly
p u b lica tio n is o f c o u r s e s u p p le m e n ta r y to th e m o r e e x te n d e d
m o n th ly s ta te m e n ts . T h e re su lts fo r th e w e e k e n d in g D e c . 8
an d s in c e S e p t. 1 in th e la s t t w o y e a r s are a s f o llo w s :
►
3
o
*
.5
5
<
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K
)
P r ! 5! 5?
Nov.
*
“
“
Dec.
*
*
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*
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i l l
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ft
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50 ?r
' Louisville figures " n e t ” in both years,
t Tilts year’ , figures estimated,
t Last year’s figures are for Sherman, Texas.
T h e a b o v e to ta ls sh o w th a t th e in te rio r sto c k s h a v e in cr ea sed
d u r in g th e w eek 19,2 5 4 bales a n d are t o -n ig h t 9 ,2 6 6 b a le s
m o r e th a n a t th e sa m e period la st y e a r . T h e re ceip ts a t a ll th e
t o w n s h a v e been 17,637 bales m o re th a n th e s a m e w e e k la s t
y e a r a n d sin ce S e p te m b e r 1 th e y are 10 2 ,1 0 8 bales m o re th a n
f o r th e s a m e tim e in 1892.
’
,
Week.
Since
8ept' 1#
1992.
Week.
Since
Sept. 1.
Receipts at ports to Dec. 8............. 311,103 3 ,304,753 255,910 2.9 9 7 ,4 8 6
413,151
Net overland to Dec. 8 ..................... 44,696 356 ,5 4 2 56,733
241 ,0 0 0 19,0 0 0
220 ,0 0 0
Southern consumption to Deo. 8 .. 20,000
Total m arketed___ _
Interior stooks in excess.
375,799 3,902,295 331,613 3,6 3 0 ,6 3 7
19,254
3 6 5 ,5 5 4 35,8 2 7
303 ,8 2 0
367 ,4 7 0
Came into sight during week. 395,053
3,9 3 4 ,4 5 7
4 ,267,849
Total in sight Dec. 8 ----------North’ n snim isrs tak ’cs to Dec. 8.
6 4 0 ,1 0 7
..........
753 ,1 5 8
I t w ill be seen b y th e a b o v e th a t th e re h a s c o m e in to s ig h t
d u r in g th e w e e k 395,058 b a le s, a g a in s t 3 3 7 ,4 7 0 bales fo r tb e
sa m e w e e k o f 1 8 92, a n d th a t th e in crease in a m o u n t in s ig h t
to -n ig h t as c o m p a re d w ith la s t y e a r is 3 3 3 .3 9 2 b a los.
December 9, 1893.
THE CHRONICLE.
W e a t h e r R e p o r t s b y T e l e g r a p h .— Reports b y telegraph
from the South to-night indicate that the temperature has
been low in many districts during the week. While rain has
fallen in some localities the precipitation has as a rule been
light, but at most points in Texas the weather has been dry.
Picking has been completed in almost all sections. The crop
movement continues liber,!.
G alveston , T exas. —There have been showers on two days
of the week, the rainfall reaching sixty-three hundredths of
an inch. The thermometer has ranged from 3< to 72, averag
ing 54.
P alestin e, T exas. —We have had showers on three days dur
ing the week, the precipitation reaching eleven hundredths of
an inch. Average thermometer 44, highest 62 and lowest 26.
H u ntsville, T exas. —Dry weather has prevailed all the week.
The thermometer ha3 averaged 48, the highest beiDg 75 and
the lowest 22.
D allas , T exas. —Picking is finished in Texas and fields have
been picked close at that. There has been no rain during the
we* k. The thermometer has averaged 50, ranging from 24 to
76.
Han A n to n io , T exas. —We have had dry weather all the
week. The thermometer has ranged from 30 to 68, averaging
49.
L u tin g. T exas. —No rain bhs fallen the past week. Average
thermometer 52, highest 72 and lowest 31.
Colum bia, T exas.— V ie have had no rain during the week.
The thermometer has averaged 52, the highest being 74 and
the lowest 30.
(Juero. T exas.— It has rained lightly on onedav of the week,
to the extent of eight hundredths of an inch. The thermom
eter has averaged 54, ranging from 32 to 77,
B rm h a m , T exas.— It has rained lightly on one day of the
past week, the rainfall being five hundredths of an inch. The
thermometer has ranged from 32 to 77, averaging 54.
B elton , T exa s, —Dry weather has prevailed ail the week.
Average thermometer 48, highest 70, lowest 26.
F ort W o rth , T exas. —No rain has fallen the past week. The
thermometer has averaged 45, the highest being 68 and the
lowest 23.
W ea th erford . T exa s —Picking has ended and the cotton
crop ia the most miserable on record. There has been no rain
during the week. The thermometer has averaged 41, rang
ing from 20 to 62.
.V O rleans, L o u isia n a . —We have had rain on two days of
eit?
the week, the precipitation being one inch and seven'hun
dredths. The thermometer has averaged S3.
S h revep ort, L ou isia n a , —There has been rain on one day
during the week, the precipitation reaching fifty-two hun
dredths of an inch. Average thermometer 44, highest 71
and lowest 25,
Colum bus, M ississippi.— I t has rained on two days of the
week, the rainfall reaching one inch and fifty hundredths.
The thermometer has ranged from 24 to 80, averaging 52.
Leland, M ississippi. —There has been rain during the week
to the extent of seventy-two hundredths of an inch. The
thermometer has ranged from 32 to 84, averaging 48*6.
M eridian , M ississippi. —Telegram not received.
L ittle B ock, A rk a n sa s.— W e have had rain on one day of
the week, to the extent of one hundredth of an inch. The
thermometer has averaged 38'1, the highest being 61 and the
lowest 18.
H elena, A rk a n sa s.— It has rained heavily on one flay of the
week, the rainfall being eighty-nine hundredths of an
inch. The thermometer has averaged 37, ranging from 19
to 64,
M em phis, Tennessee. —Rain fell on Sunday to the extent of
forty-one hundredths of an inch, but the weather is now clear
and cold. The thermometer has ranged from 18*1 to 64, aver
aging 37*7.
M ontgom ery, A labam a.— W e have had killing frost in this
vicinity on three nights. There has been rain daring the
week to the extent of seventy-five hundredths of an inch, on
three days. The thermometer here lias everaged 48, ranging
from 36 to 60.
M obile, \Alabum a.— W e have had rain on five days of the
week, the rainfall reaching one inch and thirteen hundredths.
The thermometer has averaged 50, highest 73, lowest 26.
Selm a, A labam a.— Rain has fallen on two days of the week
to the extent of one inch and fifteen hundredths. The ther
mometer has ranged from 22 to 70, averaging 46.
M adison, F lorid a .— T h ere has been rain on one day of the
week, the precipitation reaching forty-five hundredths of an
inch. Average thermometer 56, highest 77 and lowest 30.
Columbus, Georgia.—
We think about twenty per cent
of the crop of this locality remains yet to be marketed. Rain
has fallen on one day of the week, the precipitation reaching
twenty-eight hundredths of an inch. The themometer haa
averaged 43, the highest being 60 and the lowest 25.
Savannah, G eorgia .— It has rained on four day* of the week,
the rainfall being one inch and fifteen hundredths. The
thermometer has averaged 52, ranging f rom 33 to 76.
A u g u sta , G eorgia . —There has been rain on three days dur
ing the week, the precipitation reaching one inch and twentyfive hundredths. Average thermometer 49, highest 74 and
lowest 2®.
S tateburg, South C arolin a, —We have had rain on three days
of the week, accompanied on one by sleet and followed by
heavy white frost. The thermometer has averaged 50*5, the
highest being 74 and the lowest 30.
W ilson, N orth C arolin a. —Telegram not received.
1001
C h a r le sto n , S o u th C a r o lin a .— W e h a v e h a d ra in o n th ree
d a y s o f th e w e e k , th e ra in fa ll beiD g tw o in ch e s and th r e e
h u n d re d th s. T h e th e r m o m e te r has ra n g e d f r o m 34 to 73, a v
e r a g in g 51.
T h e fo llo w in g sta te m e n t w e h a ve a ls o received b y te le g r a p h ,
s h o w in g th e h e ig h t o f the rivers a t th e p oin ts n a m e d a t
3 o ’c lo c k D e c e m b e r 7, 1893, a n d D e c e m b e r 3 , 1893.
Dec. 7 , ’ 93.
Dec. 8, ’ 92.
Feet.
2*0
3*5
10*4
3*2
1*8
Feet.
3*4
5*3
5*2
13*0
4 8
New Orleans — — Above low-water mark.
M em phis..........
N a sh v ille ........... ...A b o v e low-watermarlr.
Shreveport..........
Vicksburg........... ___ Above low-waterm ark.
I n d i a u o t t o n M o v e m e n t f r o m a l l P o r t s . — T h e re c e ip ts,
an d s n p m e n ts o f c o tto n a t B o m b a y h a v e b e e n a s fo llo w s f o r
th e w e e k a n d y e a r , b r in g in g th e fig u re s d o w n to D e c . 7.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Shipments since Sept. 1.
Shipments this week.
tew
1893
1892
1891
1890
Great
Great Conti
BriVn. nent. Total. Britain
1,000 16,000 17,000
2 ,000 1,000 3,000
Receipts.
This
Week.
Total,
75.000
67.000
42.000
29.000
7.000
5.000
3 .000
3 .000
•Xobo
2 ,000
Conti
nent.
Since
Sept. 1.
82,000 23.0 0 0
72,<'00 23.000
45.000 7,000
34.000 29.0 0 0
144,000
1 03,o c c
98,0 0 0
143,00(4
A c c o r d in g to th e fo r e g o in g B o m b a y a p p e a rs to s h o w
a d ecrea se c o m p a re d w ith la st y e a r in th e w e e k ’s re ce ip ts o f
2 ,000 bales an d a n in crea se in s h ip m e n ts o f 14,0 0 0 b a le s, an d
the s h ip m e n ts sin ce S e p t. 1 sh o w a n in crea se o f 10,000 b a le s ,
T he m o v e m e n t a t C a lc u tta , M a d ra s , a n d o th e r I n d ia p o rts f o r
{he la st re p o rte d w eek and s in c e th e 1st o f S e p te m b e r , fo r t w o
years, h a s b een as f o llo w s ,
“ O th e r p o r t s ” c o v e r C e y lo n ,
T u tic o r m . K u r r a c h e e a n d O oc o n a d a .
Shipments since Sept, 1.
Shipments for the week.
Great
Britain.
Total.
Great
Britain.
.........
2 ,0 0 0
2 ,000
3.000
4.000
5.000
6 .0 0 0
1,000
1,000
13.000
11.000
8,000
6,000
21,000
17,000
3.000
2.000
Conti
nent.
1 0 ,0 0 0 ’
13,000
21,0 0 0
.9 ,00 0
37.0 0 0
32.000
4.000
3 .000
31.000
26.000
32.000
29.0 0 0
63,<KO
5 5 .0 (0
Oaloatta—
1893.........
1892
Madras—
1 893
....................
1,000
.....................
1892
.................... 1 ,000
All o th e r s 1,000
1 893
..................... 2,000
1892
.................... 2.000
T o ta l a l l -
1893
2 ,000
.................... 2 ,000
3 QUO
1 8 9 2 .........
Continent.
Total,
T h e a b o v e to ta ls fo r th e w e e k s h o w th a t th e m o v e m e n t f r o m
the p orts o th e r th a n B o m b a y is 1,000 bales m o r e th a n th e s a m e
w eek la s t y e a r .
F or th e w h o le o f I n d ia , th e re fo r e , th e to ta l
ih ip m e n ts s in c e S e p te m b e r 1, 1893, a n d fo r th e co rre sp o n d in g
periods o f th e t w o p re v io u s y e a r s , are as fo llo w s :
EXPORTS TO EUROPE FROM A I L INDIA.
1892.
1893.
Shipments
to all Europe
fr o m —
This
week.
This
week.
Since
Sept. 1.
1 8 91.
Since
Sept. 1.
Since
Sept. 1.
This
week.
Bombay_______
All other porta.
17,000
4,000
82.000
63,0 0 0
3 .000
3.000
72.0 0 0
55.000
2,000
45.0 0 0
53.0 0 0
T otal...........
21,000
145.000
6.000
127 .0 0 0
2,000
98,000
A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s .— T h ro u g h a r ra n g e
d e n t s w e h a v e m a d e w it h M essrs. D a v ie s , B e n a c h i & C o ,, o f
L iverp ool a n d A le x a n d r ia , w e n o w r e c e iv e a w e e k ly c a b le o f
the m o v e m e n ts o f c o tto n a t A le x a n d r ia , E g y p t , T h e fo llo w in g
are t h e re c e ip ts a n d s h ip m e n ts f o r t h e p a s t w e e k a n d f o r th e
oorreep on d ing w e e k o f th e p re v io u s t w o y e a r s .
Alexandria, Eaypt,
December 6.
Seoeipte (can tars*)—
This week—
8lnce Sept, 1 .
1891.
1892.
1893.
2 80,000
3,1 2 6 ,0 0 0
250 ,0 0 0
2 ,6 3 9 ,0 0 0
Since
This
week. Sept. 1.
Since
This
week. Sept. 1.
270,000
1,916,000
Since
This
week. Sept. 1.
Exports (bales)—
To L iverp ool............. 15.000 101,000 19.000 176,000 22,000 1 61,000
8 ,000 52.0 0 0
To Continent............. 10.000 76,0 0 0 16.000 90,0 0 0
Total Europe.......... 25.0 0 0 177.00c 35,0 0 0 266,000 30,0 0 0 213 .0 0 0
T h is s ta te m e n t s h o w s t h a t th e re c e ip ts f o r t h e w e e k e n d in g
D ec. 6 w ere 2 70,000 ca n ta rs a n d th e s h ip m e n ts to a l l E u r o i e
2 5 ,0 0 0 b ales.
M a n c h e s t e r M a r k e t . — O ur re p o rt re c e iv ed b y c a b le to -n ig h t
fro m M a n c h e ste r sta te s th a t th e m a rk e t is q u ie t fo r y a rn s a n d
firm f o r sh e e tin gs. S to c k s o f y a r n are a c c u m u la tin g . _W e
g iv e th e p rice s fo r to -d a y b e lo w a n d le a v e th o se fo r p rev iou s
w e e k s o f th is a n d la s t y e a r fo r c o m p a r is o n :
1892.
1893.
82» Cop.
Twist.
Nov. 3
4 10
“ 17
" 24
Dec. 1
“ 8
d.
d.
7% ® 7 %
7
®7<%
6 7e ® 7 %
8H lbs.
Shirtings.
s. d.
s. d.
5 10Wi®7
5 10% »7
5 9 ®7
5 RUja7
6% ®7»a 5 8 ® 7
e i i l6 a>7:!8 5 7 < s » 7
7?*
7<s
7
7
7
7
Oott’n
Mid. 82s Cop.
TwisC.
TTplds
d.
6%
6 7e
4%
7<
a
7 Si
7%
451 7 %
,«
d.
d.
® 7«s
® 7 4t
® 8%
®8>s
®8h!
®8>s
8 H lbs.
Shirtings.
s.
5
5
5
5
5
5
d.
s. d.
2 ®6 9
3 ® 6 10
8 ®7 0
7 ‘s ® 7 2
7hi®7 2
7>»®7 3
Ootl’n
Mid,
TTplds
a.
4^2
418,«
415,e
5M
Shs
53,8
THE CHRONICLE.
S e a . I s l a n d C o t t o n M o v e m e n t . — W e h a v e rece iv ed th is
(F r id a y ) e v e n in g b y te le g ra p h fr o m th e v a rio u s ports th e
d etails o f th e S e a Isla n d c o tto n m o v e m e n t fo r th e w eek .
The
re ceip ts fo r th e w e e k e n d in g to -n ig h t (D e c . S) a n d sin ce
S e p t. 1, 18D3, th e stock s to -n ig h t, a n d th e s a m e ite m s fo r the
c o rr e sp o n d in g period s o f 1893, are as fo llo w s.
1893.
Receipts to Dec, 8.
Stock.
1892.
This
Since
This
Since
xoeek. Sept. 1. week. Sept. 1. 1893.
1892.
2,694
59
130
36,2 7 9
1,786
1,423
1,795
631
158
21,808 14,399
4 ,126 1,474
771
1,771
8,062
1,205
607
2,<*83
39,488
2,584
27,705 16,644
9 ,874
Total...............................
T h e e x p o rts fo r th e w e e k e n d in g th is e v e n in g re ach a to ta l
o f 273 b ales, o f w h i c h ------- b ales w e re to G re a t B r ita in , 173
to F r a n c e a n d 100 to R e v a l, an d th e a m o u n t fo rw a r d e d to
N o r th e r n m ills h a s been 1,191 b ales. B e lo w are th e e x p o rts fo r
th e w e e k a n d sin ce S e p te m b e r 1 in 1893 a n d 1892.
Week Ending Dec. 8.
Exports
from—
Savannah...
Charleston..
F lorid a........
New Y o rk ..
B o ston .........
Baltimore ..
T o ta l.........
Total 1 8 9 2 ..
North'n Mills
Since Sept. 1, 1893.
Great Fr’ nee
Great Fr'ncc
Total.
Total. BHt'n.
BriVn.
dc.
dc.
.........
100
..........
100 11,404
166
.......
173
.........
..........
.........
173
273
........
273 14,605
7
900
2,706
329
..........
7,313
907
1,267 12,671
166
1,247
Since
Week. Sept. 1.
1,111
80
5 ,818
410
1,238
3,953
329
........
..........
..........
2,514 17,119
1,191
7,466
.........
809
8,122
1,420 11,620
W e in c lu d e ea c h w e e k o n ly su c h c o tto n as is a c tu a lly
e x p o r te d . I n o th er w o r d s , a la rg e p o rtio n o f th e S e a Isla n d
c o tto n sh ip p ed to fo r e ig n ports go es v ia N e w Y o r k , a n d s o m e
s m a ll a m o u n ts v ia B o sto n a n d B a ltim o r e .
In ste a d o f g iv in g
s u c h c o tto n in th e e x p o rts fo r th e w eek in w h ic h it le a v e s th e
S o u th e rn o u tp o rts, w e fo llo w th e s a m e p la n as in ou r r e g u la r
tab le o f e x p o rts o f in c lu d in g it w h e n a c tu a lly sh ip p e d .
The
d etails o f th e sh ip m e n ts o f S e a Isla n d c o tto n fo r th e w eek w ill
be fo u n d u n d e r th e h ead “ S h ip p in g N e w s ,” o n a s u b se q u e n t
p ag e .
Q u o t a t i o n s — D e c. 8 — S a v a n n a h , F lo r id a s, c o m m o n , 1 3 % e . ;
m e d iu m fin e , 1 6 % ; c h o ic e , 1 8 % .
C h a rle sto n , C a ro lio a s, m e d iu m fin e , 25 to 3 0 c .; fin e , 4 0 c .;
e x tr a fin e , 50 to 60 c.
United Kingdom.....................yards
Germany.................................
Other countries in Europe....
British North America..........
Mexico......................................
Central American States and
British Honduras.............. .
Cuba..........................................
Puerto Rico........... ...............
Banto Domingo........................
Other West Indies..................
Argentine Republic................
Brazil .......................................
United StateB of Colombia...
Other countries in S. America
China.........................................
Brit. Posses’ns in Australasia
British India and East Indies
Other countries in Asia and
Oce&nica................................
Africa........................................
Other countries........................
Total yards of above..
Total values of above.,
Value per yard....................
V a lu e s
o f o th er M a n u fa c tu r e s
C o tto n e x p o r te d to —
924.547
388,810
13.005
892,748
514,088
717,772
4.\ 390
45,225
332,882
1,246.046
039,833
1,003.040
281,984
1,333,988
2,321,0'’0
21,370
727,502
1,378.305
32,310
112,500
13.570,517
Honduras............................
Cuba.........................................
Puerto R ico...........................
Santo Domingo......................
Other West Indies................
Argentine Republic..............
Brazil.....................................
United States of Colombia..
Other countries in
Oceanica.............
Africa....................
Other countries...
Asia
8X P O R T S O F COTTON (B A LE S) FROM N E W Y O R K SINCE SEPT. 1 , 18'. 3 .
Week Ending—
Exported to—
Dec. I Dec.
1.
, 8.
Total
since
Sept. 1.
Same
period
previous
year.
L iverp ool.................... 10,186 14,761 1 8 ,0 8 0
Other British p orts.. 7 ,2 6 4 5,742 5 ,225
5,817
953
106.156
49,131
146,715
39,5 8 5
T o t . to Gt . B r it ’ n . 17,450 2 0 ,5 0 3 2 3 ,3 0 5
6 ,770
155,287
186 ,3 0 0
629 1,123
......... | ...........
7 ,367
4,445
..
T o t a l F r e n c h ___
200
249
1,123
7 ,367
4,445
5,983.033
455,431
4s8,c20
1.198,090
S,503.8*s9
3.107,0 h2
11,879,947
2,958.572
19.400,481
52.092,'>52
228.490
2,890.500
B rem en .......................
Hamburg.....................
Other p orts..................
68 S
22
6,678
3,926
580
1,078
1 ,175
601
672,
100
2 .204 6.044
18.191
7,480
40,117
7 ,7 3 6
2 ,600
10,231
4 ,051. 6,745
65,788
2 0 ,5 6 7
16,951
330
5,049
561
3,503,523
5.251.930
0,452,724
3,725.312
9,083,529
7,827,157
10,2^9,503 128,045,392 144,141,304
$8,023,090
$•<>598
$40,027
20,398
20,415
120,248
17,407
$15,249
3,351
330
4 80'
90,712
0,770
$300,049
98,404
7,110
50,022
950,057
137,707
$118,400
70.874
7.918
29,097
1,10c 905
107,632
7.0P8
4,070
701
4,489
3,738
1,109
7 ,10H
1,726
.8 ^
4,371
2.950
12,501
5,179
8,302
4,392
1,852
3,401
7,977
61.025
5 2 ,0'0
5,471
2.837
55,010
51,732
00,422
38,915
50,850
40,451
49,098
58,753
5,022
3,778
47,893
33.373
01.781
30.340
30.697
68,450
40,407
1.215
1,501
27,100
217
808
200,199
9,892
7,032
170,007
12,408
13,698
of
tures of.............................
$318,896
Aggregate value of all cotton goods $1,230,111
T h e E x p o r t s o f C o t t o n f r o m N e w Y o r k th is w e e k s h o w a
d ecrease c o m p a r e d w ith la s t w e e k , th e to ta l r e a c h in g 16,5 7 8
b ales, a g a in s t 28,5 7 3 b a le s la s t w e e k .
B e lo w w e g i v e o u r
u su a l ta b le , s h o w i n g t h e e x p o r t s o f c o t t o n f r o m N e w Y o r k ,
a n d th e d ir e c tio n , f o r e a c h o f th e la s t f o u r w e e k s ; a ls o th e
to ta l e x p o r ts a n d d ir e c tio n s in c e S e p t. 1 , 1 8 93, a n d in th e la s t
c o lu m n th e t o t a l f o r th e s a m e p e r io d o f t h e p r e v io u s y e a r .
4.430,438
567,432
82,134
2,210,013
11,292,559
4,474,530
18,292,800
2,207.840
15.774.285
19,830,058
118,005
3,444,406
572,507
39,915
22.053
95,000
1,184,29
835,500
877.04c
254,230
3,079,527
509,07 L
45.002
512,400
$8,881.904
$-0655
.
N e w O r l e a n s C o t t o n E x c h a n g e A n n u a l E l e c t io n .— A t
th e a n n u a l e le c tio n o f th e N e w O rle a n s C o tto n E x c h a n g e , h e ld
on M o n d a y , D e c . 4 . t h e fo llo w in g tic k e t w as e le c te d : P re sid e n t,
J o h n W . L a b o u is s e ; V ic e -P r e s id e n t, A n d r e w S te w a r t; T re a s
u re r, M a u ric e S te rn .
D ir e c to r s : N o r m a n E u s tis . S a m u e l H y
m a n , C h a rle s E L e v y , O , L . P u tn a m . F . C o u cu rie, T h o s. H a l
fo rd , C h a s. W e r n ic k e , A . B r ittin , I. E . G le n a y , E . H . B r ig h t,
J osep h S k in n e r a n d C . L . d e F u e n t e s .
M essrs. S tern an d P u t
n a m w e re re -e le c te d .
W i t h those e x c e p tio n s th e b o a r d o f
officers is e n tir e ly n e w.
Havre.............................
Other French p orts..
$043. lo9
$*0024
202
0
J u t e B u t t s , B a g g i n g , & c . — T he d e m a n d f o r j u t e b a g g in g
h a s b een v e ry li g h t d u r in g th e w e e k u n d e r r e v ie w , b u t the
m a r k e t h a s ru le d c o m p a r a tiv e ly ^ s te a d y a t u n c h a n g e d ra te s,
th e c lo se th is e v e n in g b e in g a t 5 % c . ’ for \ % lb s ., 5 % c . fo r
2 lb s. a n d 6 % c . fo r s ta n d a r d g r a d e s in a jo b b in g w a y .
C a r
lo a d lo ts o f s ta n d a rd b ran d s m a y be o b ta in e d a t 4 % e . fo r 1 %
lb s ., 4 % c . fo r 2 lb s. a n d 5 % c . fo r 2 % lb s ., f .o .b . a t N e w Y o r k .
J u te b u tts h a v e r e c e iv e d v e r y little a tte n tio n an d are v e r y
q u ie t a t 1 % @ 1 % c . f o r p a p e r g r a d e s a n d 2 % @ 2 % c . fo r b a g g in g
q u a lity .
6.573,402
194.053
1,209,002
695,384
5,020,582
4.972,290
725.795
560.800
19,327.079
4,400.073
$911,2i5
$'0071
United Kingdom...............................
Germany..............................................
France.................................................
Other countries in Europe.............
British North America....................
Mexico......... ....................................
The receipts here continue on a very small scale, and as long as this
state of things lasts there is no serious decline in our prices probable ;
there arecom plaints from all the villages that the Arabs keep their
ootton back thinking to obtain hr tier prices later o n. T h ry b e lie v e
that the American crop will be a short one tills season and of inferior
staple, which accounts for their ohstlDacy, hut the great question now
is whetner they will he able to stick to their policy of wiihholding.
200
..........
1,240,6«2
36,008
16,500
40.381
260,478
191,700
15,403
470,850
M r. F r . J a c . A n d r e s ’ a d v ic e s fr o m A le x a n d r ia o f d a te N o v e m b e r 13 s ta te :
|
Quantities o f M a n u f a c t u r e s o f O o t M o n t h e n d i n g O c t . 31. 10 m o s . e n d i n g O c t . 31.
t o n ( c o lo r e d a n d u n c o lo r e d )
e x p o r te d to—
1893.
1892.
1893.
1892.
and the cotton plants benefltted greatly thereby. The first picking has
ended, and the general result is about 25 ner cent less than last year.
On the other hand the second picking, helped by the favoratdn weather
at the end of October, is making good progress, and is a re dy very
much advanced; the bolls open well and give a c o p whb<h will com
pensate In part for the deficiency in the first nicking. The third pick
ing, the least important of the three, cannot yet be o< nsidered sssun d.
It depends on the atmospheric influences during November. The yield
in ginning in the charkieh and Galloubieh is about equal to last year’s,
but neatly everywhere in the other provinces it is front 2 to 3 per oent
less. To sum up, the reports are not, as favorable as they might be.
Our correspondents mention a decrease of 10 to 15 per cent, and even
more, as probable. The crop w ill theref ore be less abundant than in
1892, and we estimate it at pit sent at from 4 ,5 0 0 ,0 0 0 to 4 ,7 5 0 ,0 0 0
oantars.
.
D o m e s t ic E x p o r t s o f C o t t o n Ma n u f a c t u r e s . — 1 h r o u g h
T
th e c o u r te sy o f M r. W . G . F o r d , C h ie f o f th e B u r e a u o i
S tatistics, w e h a v e rece iv ed th is w e e k a s ta te m e n t s h o w in g th e
e x p o rts o f d o m e stic c o tto n m anu,. ■ tu res fo r O c to b e r an d for
th e te n m o n th s e n d e d O c t. 31, 1893, w ith lik e fig u re s fo r the
corre sp on d in g p eriods o f th e p re v io u s y e a r , a n d g iv e th em
b e lo w :
[vol. Lvn,
? !
•
1002
$190,100 $2,252,412 $2,026,450
I&33.259 $10,034,310 *10 049 540
E g y p t i a n C o t t o n C r o p . — T he fo llo w in g rep o rt o n th e c o t
to n c ro p in E g y p t w a s issu e d b y th e A le x a n d r ia G e n e ra l P ro
d u ce A s s o c ia tio n , u n d e r d a te o f O c to b e r 31.
The weather was cool at the commencement of October and a fei
slight fogs occuried, but the second half of the month was very ho
249
........
629
T o t . t o N o . E u r o pe
7 ,388
5 ,584
Spain, Ita ly , & o.........
All o th e r.......................
1,800
1 ,2 5 0
558
30
Sp a in , & c ..
1,800
1,250
588 j 1,940
17,281
5 ,610
T o t a l ___ 26,8 3 8 2 7 ,5 8 6 2 8 ,5 7 3 'l6 ,5 7 8
2 4 5 ,7 2 3
216 ,9 2 2
total
grand
1 ,940
..........
S h i p p i n g N e w s . — T h e e x p o r ts o f c o tto n fr o m th e U n it e d
States th e p a st w e e k , a s p er la test m a il r e tu r n s , h a v e reach ed
184,417 b ales. S o f a r as th e S o u th e rn p orts are c o n c e m e , th ese
are the s a m e e x p o rts re p o rte d b y te le g r a p h a n d p u b lish e d in
the C h r o n i c l e la st F r id a y .
W i t h re g a rd to N e w Y o r k w e
in clu d e th e m a n ife s ts o f a ll ve sse ls c le a re d u p to T h u rs d a y .
Total bales.
N e w Y o r k —T o Liverpool, per steamers Cuflo, 4 ,9 0 0 ___Maskelvne, 9 1 7 ............................................................................................
5 ,8 1 7
To Hull, per steamer Duoro, 9 5 3 ......................................................
953
To Havre, per steamers La Bn-tagne, 200 upland and 73
Sea Island— Mohiean, 7 5 0 upland and 100 Sea Island—
1,123
To Bremen, per steamers Saale, 500 ..Spree, 1 0 1 .................
601
To Hamburg, per steamer Moravia, 1 0 0 ......................................
100
To Rotterdam, per steamer Edam. 200 .......................
.........
300
To Antwerp, per steamers Belgenland, 1 ,9 6 4 ___De Ruyter,
3 6 s . . . Westernland, 2 ,1 1 2
..................................................
4 .444
To Gottenburg, per st-am er Danla, 1,400 ..................................
1,4 0 0
To Barcelona, per steamar Martin Saenz, 5 .............................
5
To Naples, per steamer Weser, 1 .7 3 5 ............................................
1,735
To Trieste, per steamer California, 2 0 0 ........ ............................
200
N e w Or l ea n s —T o Liverpool, per steamers Engineer, 5 .670
....G a d ita n o , 5 ,5 0 0 ___Inventor, 4 ,8 0 0 ___ Yueatan, 5 ,1 8 0 . 21,1 5 0
To Dunkirk, per steamer Marlon, 2 ,8 5 0 .......................................
2 ,8 5 0
To Bremen, per steamers Abergeldie, 6 ,9 9 0 . ..C ayo Romano,
4 ,0 5 5 ....O rb o , 4 .4 5 0 ...........
15,495
To Antwerp, per steamer Cayo Romano, 775 ..........................
775
To Barcelona, per steamer Puerto Rico, 4 ,9 5 0 ........... ...........
4 ,9 5 0
Galveston —To Liverpool, per steamers City of Glonoester,
6,032 .. Ethelreda. 5 ,6 2 5 ___John Brigbt. 7 ,1 1 3 ...N u tfield, 6 ,1 9 5 ....P olan o, 6 ,7 2 4 . White Jacket, 5 ,238 ........ 3 6 ,9 2 7
To Bremen, per steamer Easby Abbey. 7 ,5 1 4 ............................
7 ,514
Mo b il e —To Liverpool, per steamers Dalmally, 7 ,1 5 0 ___Violante, 2 ,0 0 4 ...........................................................................................
9,154
Sa v a n n a h —To Reval, per steamer Gladiolus, 5 ,1 0 0 .....................
5 ,100
THE
DEC^M SR 9, 1893,]
B
1008
C H R O N IC L E ,
T o ta l b a les.
Charleston —To Liverpool, per steamer Kingsda’.e, 5,7 57.........
To Bremen, per steamer Freehtteld. 7,2 25..............................
To Gotteuburg, per bark Justo, 1 .8 0 0 .....................................
P o s t R o y a l T o Liverpool, per steamer Santandeiiuo, 7,453
W ilmington —'To Bremen, per steamer Sandhills, 6,o79
___
N o r f o l k — To Liverpool, oer s t e a m e r s G i r o n a , 8,191__ Queen
1
M a r g a r e t 7 . 2 7 .............................. ............ . .
..................- ....................
West P oint—T o Liverpool, per steamer Oceanic, 8.631 ............
B ostcn —Tn Liverpool, ner steamers Bostonian, 1,305 .. Cam
i>rotnan, 1,008 ...C atalonia, 1,362 . Norseman. 1 ,9 3 6 ..B a l t im o r e — To Liverpool, per steamer Sedgemore, 1,907 .......
To L o n d o n , par steamer Minnesota. 400 ................................
To Harnba g , per ste.uner btelnbolt. 7 0 0 . . . . ........................
To Antwerp. l«sr s'eam er Rialto, 1.247 .............................. ..
P h i l a d e l p h i a — t o Liverpool, oer steamer British Prince, 589.
To Antwerp, p er steamer Illinois, 7 2 5 ......................................
5,757
7,225
1,800
7,458
6,079
1 5 ,7 6 5
8,631
5,641
1,907
400
700
1,247
58 J
725
Total............. ............................................. .................................... 131,417
The particulars of these shipment®, arranged in our uso 1
form, are as follows:
Liver
pool.
New Y ork. 5,-17
N. Orleans. 21.150
Galvi-eton. 30.92?
9,154
M ob ile. . . .
Savannah..
Chari* atom 5,757
P ort Royal 7,458
Wllnungrn
Norfolk ... 25,70 >
Weet Point 8.641
B oston.___ 5,641
Baltimore,. 1,907
PhUadel’a ,
539
B u ll
dt L o n don-
B am
R o tte r - H era t B 'ia n a .
a n d B r e m e n d a m d- a n d X a p le s
D a n - d B a m - A n t - G otten- a n d
k i r k , b m y . icerp . b u r g . T r ie s te .
To'-. .
1.123
7 o l 4,611 1,4 )0 1,940 16,573
4,950 45.220
2,350 15,495
775
41,441
7,514 .
9.151
......... 5,100 .........
5,100
1,800
14.782
7,458
6,079
6,07,1
15,745
8.631
5.641
4.254
700 1,247
400
1,3 U
725
9 )3
.........
N 17. N 24.
ov.
ov.
Sales of the week....... ..bales.
Of wUioli exporters took
Of which speculators took
Total stock—
Estimated ..........
Of which American—Estim’d
Total im port of the week. . . . . .
Of whie h American . . . . . . . .
Imountah a t..... ............. .
Of which American..............
53,000,
3,000.
1,000
46.000
10.000
63.0001
812,000
640.000
D 0,000
79,000
360.000
350.000
62,000
2,000
1,000|
54,000
9,'>00|
61.000
852.000
673,000j
110.000
98,000j
390,000;
380,0001
D e c . 8.
63.000
62,000
3.000
3.000
1.000
1.000
55.000
54.000
7,-100
8,000
69.000
65.000
,006,000 ,092,000
831,000, 900.000
230.000 159.000
213.000 129.000
320.000 325.000
310.000 3 1 5.000
The tone of the Liverpool market for spots and futures ea- h
lay of the week ending D33, 8, and the daily closing prices
tf spot cotton, have been as follows:
Saturday M
ed es. h rsd
onday. Tuesday. W n T u ay.
S
pot,
Market, { In buyers’
:45 p. M. \ favor.
Easier.
Large
business
doing.
Freely
Offered.
Easier.
4Ti«
12,000
1,000
43s
i* ie
15,000
1,500
10,000
500
Barely
steady.
Steady.
Steady at
2-84 de
cline.
Easy.
Steady.
Flat.
tfld.Upl’ds.
4?18
438
4%
•Sales. . . . . . .
Spec. & exp.
8,000
500
10,000
1,000
10,000
50 0
Futures.
Market, ) Steady at Steady at Steady at
partially 1-64 de 1-84 @2-64
1:45 i*. M. j 1-64 adv.
cline.
decline.
Market, ! Quiet and
4 I*. si. $ steady.
Easy.
Prtdav
Steady.
Quieter.
The opening, highest, lowest and closing prices of futures
»t Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
Below we add the clearances this week of vessels carrying
cot'on from United States ports, bringing our data down to itated:
P The prices are g iv e n in p e n c e a n d 641A» .
Thus : 4 63 m ea n s
the latest dates:
T o t a l....U S ,796
1,353
3,973 37,714 7.391
8,300
6,890 184 417
f
-64U. a n d 5 01 m eans 5 l-64d
To Liverpool D- c. 1 -S team er Gtenfldd, 5.320 ...D .0 . 4
O ii.v r.sn 5 —
- Steamer Tangier, 4,483.
M o n ,, D e c . 4 .
T u e * ., D e c . 5 .
§ a t ,» D e c . 2 .
T o Bremen—Dev. 6 -Steam er G allon. 3,355.
N ew O rleans —To Liverpool - Dec, 1 Steamer Barb Milan 10,502
Dec, 2—Steamer Qnantoek, 3,484 ...D e c 4 —Steamer Tentonla,
Jp«fl HigK Lm o . Olot. Open High Low. Olos. Open High Low. Olos.
3 800 ___ D c. S -a tv a m -r Ernesto, 6 1 6 2 ___ Dec. 6 —Steamer
Or!on,7,OOo_...Dec. 7—Steamer Montezuma, 12 220.
d.
d.
d.
d.
4.
d.
d.
A
d.
A. j 4.
<t.
To Bavie - Dec. 1 - Steamer Lord Gburlemont. 7 ,->60 ...D eo. 5 —
D e ce m b e r.. 4 20 4 20 4 20 4 20 4 18 4 10 4 17 4 17 4 10 4 18 4 16 4 IS
Steamer Eating, 5.200___Dec. 7 Steamer Mexico. 7,631.
O e c.-J a n .... 4 10 4 20 4 19 4 20 4 17 4 18 4 id 4 17 4 15 4 18 415 4 18
To H am burg—Dec. 2 —Steatoe- Australia, l,2 o o ....D o c , 5 —
Steamer
Cti-UKra. 850.
fa n .-F e b ..,, 4 20 4 20 j 4 20 4 20 4 18 4 1 8 117 4 17 4 r : 4 18 4 Id 4 18
To Bremen 0t c. 5 -S team er M atth-w B adllngton,5 ,2 7 3 ...D ie. 9 Feb.-M ch ... * 21 1 2 1 4 21 4 21 4 19 4 19 4 18 4 18 4 17 4 1 9 4 17 4 19
Bteamer Map!** Branch, 6,331.
4 18 4 20 4 18 4 20
i£ab.-A pril. 1 22 4 23 4 22 4 23 420 4 2i 4 19 419
T o Barcelona -D e o . 7 —Steamer B an F rtoeiw o, 3.373.
A p rll'M ay., i 21 4 21 j 4 24 4 24 4 22 4 23 4 20 4 21 4 19 4 22 4 19 4 22
Savannah — To Bremen—D -c, 2-8Msatner8 D->ra Foster, 7,350: E istry,
U ay-June... 4 20 4 26 4 25 4 26 423 4 24 4 22 4 23 4 21 4 24 4 21 4 24
9,245,
T o (teval D c. 1—
Steamer G t < >n C uitie, 4 ,8 0 J upland and 110 J u n e -J u ly .. 4 « 7 ,4 2T 4-27 4 27, 128 4 20 4 21 4 24 4 23 4 25 4 23 4 25
1
Set In lan d ,
4 27
J a ly -A u g ... 4 29 4 2* 4 29 4 29 j 4 27 4 27 4 25 4 26 4 24 4 27 424
To StrceSoaa -Dee. 2 —3teamer Import il Prince 5 , 0 7 5 ,
. so i a i t so 4 31 4 28 4 20 4 27 4 27 i 25 428 4 25 4 28
Atur.-Scpfc
To G e n o a -D e c. 2 Steamer Itu >erlai Prioce. 1,651.—. Deo. 5 Hteao-1- r Straits o f M a g e lla n , 5.198.
W e d ., D e c. 6 .
F r l., D e c . 8
| T h u n ,, D eo . 7 .
C h a r l e s t o n — To Liverpool Dec, 2— Steamers A a r o n , 7 ,8 8 0 : B sssarftl.U, 3,961.
T o H avre—Dec. I Steamer Annie, 1,70 ',
lO .
Open flieh Ixrm.
Open High Low. O M Open High Low. Oiot.
T o Bar colon a Dec. 1—Brig Angela 5 )5 ...D e o . 4 —Balk Jose fa,
d.
d.
d.
d.
d.
1.025.
d.
d.
d.
4 1 4 | A.
B runswick —To Liverpool - D c. 7 Steamer L-tn irk. 6,023.
D e cem ber.. 4 18 1 16 ■4 15 4 1 5 i 4 Lfl 4 17 4 10 4 16 4 12 4 12 4 11 4 12
Wilmington —To Liverpool—Dec. 1 Steamer Venus, 9.S0J.
J e o .-J a n ..., 4 1 6 l Ui 1 11 4 15 1 4 16 4 10 4 15 4 16 4 12 4 12 411 411
To Bremen Dec 1—Steamer M.dt -y , 9,823 ... Dee. 8—Steamer
413 4 12 4 11 4 12
ia n .-F e b .... t l « | l l f S 4 15 4 15 : 4 18 4 17 4 10 l i e
Ciaigrnor *. 6,684
^ eb.-M eh... 4 17 4 16 4 Id 4 16 : 4 17 4 18 4 17 4 17 4 13 4 1 4 412 4 13
N oufolk — Tty Liverpool—Dec 7 -S team er Llsnacrleve. 1,901.
N ew po rt N ews —To L iverpool—Dec. 7—Steamer Rappahannock. 1.185
vieh.-A pril, 4 18 4 19 I 4 17 4 17 4 18 •lit) 4 18 4 18 4 14 4 15 4 13 4 14
BOOT->v— To Liverpool -Nov. -AS-steamer Georgian. 2 , 1 36
Dec. I — XpribM ay . 4 20 4 20 , 4 18 4 M j 4 20 4 * 0 4 20 4 29 4 IB 4 16 4 15 4 16
Steamer Michigan. I ,7 r 6 ___Deo 4 Steamer Ottoman, 1 860,
« a y * J o n e ... 4 21 | i 22 4 20 121 4 22 4 23 4 21 4 22 418 4 18 4 17 4 17
B altim ore - To Liverpool—Nov 25—Steamer Roaatuore, 1,6 43.......
J n n e-Ju ly.. 4 23 4 24 4 22 4 22 , 4 23 4 24 4 25 4 23 4 19 4 20 4 18 4 19
Dec 8—8 tea ner B* rowtnorn, 1,854,
J u ly A u K ... 4 25 1 Sf. 1 23 424
4 25 4 25 4 24 4 25 4 21 4 21 4 20 4 20
T o L -ndoa Dec. 4 Steamer Maryland. 10
A u g.-S e p t. . 4 25 14 20 4 24 4 25 4 26 4 20 4 25 4 26 4 22 4 22 4 21 4 21
To Bremen N -v. 2 <-Steam r D 'csden . 4,481.
P bjladelfhla To L ive rp o o l-N »v . 28 -8tea uor Lord Gough. 92 . . .
Dec. 5 Steamer Indlaca. 570
T ■ K twerp - Deo. 5 -ste a m e r 8 w I t, Hand, 242
>
B R E A D S T U F F S .
Below we give all news received to date of disasters to
vessels carrying cotton from United States porta, &c.:
F eh . dene , AtWkmerlBr.), Clarke, from Galveston, Nov. 5, via N orfolk,
v
f o r ork. paa-ed Browhe* 1 D >«. 4 . 8 b ■ sign tiled that the cargo
tu bold
bale* of cotton), wa<on tire Tue F -rndene a r r iv e d
at Liverpool Dec. 5. Dem i « the active eff-rts o f the Bremen to
extinguish It. the Are was still burning on Dec. 6. The tire was
discovered on N -v 21. t ’lree ,1 av- after nailing Iro n N irfotk.
llfOUL - huk ft. steamer (Br > at Galve*t -n. for Havre, with 2.100 bales
of cotton on board, took lire In No. 4 hoi I at noon Dec. 7. Tne
flames were extinguished and the cargo 1a being taken out. U p to
evening 150 bales o f burned and dam tgad cotton have b en
taken oot.
Cotton freights the past week have been as follows:
S a tu r .
M em.
L iverpool, bid— d S3 t a i l 6, SJS2»U«4
Do
Baird d.
30 »3»*
za*
Havre, Dec 9 . d
Do
later.......<t 35-37V 35-37 q*
Bremen, nteam.-d.
Hi
»!»
....
Do
la t e r .. .d .
Hamburg, s to a m ti. •-4 • A3 ®«4 ^ H 'i
Do
later .d .
....
Ams'dara, steain.e. 3 2 4 3 5 ' 3 2 3 3 5 '
Do
later r.
B eval, via Leith 4 . l 9« , » 3t6 ‘ » « ® SP
D o via Hull d ,
....
BTlona, direct, d.
Genoa, ateam .. ,d .
Stg
Trie.*®, Indirect.^.
Nj
Hi
it
Antwerp, afee in. d.
» A
• Cent* per 100 lbs.
L i v e r p o o l .— By
Tue*.
|W ed n e* . T h u r$ .
F ri.
'i* ® D ,4 » s a « i ‘ * * a flit ,! 5S ;® U«4
....
___
....
....
30 335* 30 335* 30 B 35* 3 0 ^ 3 5 '
35-37%* 35-378,* 3 5 -3 7 V 35-37>s'
He
Hj
S3S
*Ba
....
....
98, 3 * „
s<,,36Aa 9114'*’ :«
....
....
....
....
32 335* 3 2 3 3 5 32 3 3 5 ' 32 335
....
....
1«
t9,*36lf I5« 4 » ‘ l« U t4 3*16 1#o4 * B
....
....
... 1 :: : :
*w
®18 | *18
732
7(3 | Na
Ha
8d
H
e
**
*«
cable from Liverpool we have the followii g
•tatementof the week’s sales, stocks, & c., at that port:
F r i d a y , December 8, 1893.
There has been a slight improvement in the market for
wheat flour. Tlio local trade has given increased attention to
trade brands and prices have ruled firm in response to a
higher cost for the grain. Rye flour has been without change
and quiet. Buckwheat flour has met with increased atten
tion, and as supplies have been small prices have made a
further advance. Corn meal lias sold fairly welt at steady
prices. To day the market for wheat flour was quiet but
generally steady.
Speculation in the market for wheat futures has been quiet
but the general tendency of prices has been upward, as the
movement of the crop has decreased materially and theworld’s visible auoply showed a smaller increase than was
generally expected. A 1
. vices from the Continent have been
stronger, and this also had a strengthening effect upon values.
There has been a trifle more interest taken in the spot market
both by shippers and the home trade, and values have made
some improvement with futures. Business nevertheless con
tinues far from brisk. The sales yesterday included No 2 red
winter at 69;^®69 11 16c. f. o. b. afloat and No. 1 hard spring
at May price delivered. To-day the market opened steady on
firmer foreign advices and a continued small crop movement,
but subsequently selling by “longs,” prompted by a report of
gold exports, caused a decline, and the close was easv. The
spot market was quiet but comparatively steady, The sales
were unimportant.
DAILY CLOSING TRICES OF NO. 2 RED AVINTER WHEAT.
S at
M on
Tit.es.
W ed . T h u r s .
67%
68%
f> 7\
68%
68%
---December delivery*• c.
Jannarv delivery.. .
Februirv delivery.. ___c.
Mareli delivery........
May delivery...........
69
7018
71M
73%
69
70%
718,
73%
68%
70%
71%
73%
—
69 H
a
72
74%
69%
!-72%
74%
F ri.
67%
68%
—
71%
73%
THE CHRONICLE.
1004
There has not been much activity to the speculative dealings
in the market for Indian corn futures, but prices have steadily
advanced on a disappointing movement of the crop, the
receipts being considerably below expectations, ano an un
looked for decrease in the visible supply. In the spot market
shippers have been moderate buyers, and as receipts have
been small and supplies limited, prices have advanced. The
sales yesterday included No. 2 mixed at 46c. in elevator and
46%(?47c. delivered; also No. 2 white at 47c. in elevator.
To day the market was lower under realizing sales by longs
and in sympathy with the weakness in wheat. The spot mar
ket was quiet and easier. The sales included No. 2 mixed at
48% c. down to 46c. delivered and No. 2 white at 47c. in
elevator.
fV L Lvn.
o
packages, valued at $426,405 their destination being to the
points specified in the table below:
N e w Y o r k to D ec . 5.
3reat Britain.........................
Otker E uropean.....................
C klna.......................................
India.........................................
Arabia......................................
A frica.......................................
West Indies.............................
M exico......................................
Central America....................
South A m erica......................
Otker oountries......................
1893.
1892.
W ee k . S in c e J a n . 1.
W e e k . S in c e J a n . 1.
70
150
6 ,5 1 5
399
14
748
72
107
842
46
4,645
1,855
36,737
5,539
11,886
6,336
19,010
2,307
4,491
49,594
2,707
121
33
" l
885
371
65
117
1,251
111
D A IL Y C L O SIN G CRICK S O F NO . 2 M IX E D CO RN .
S M
al. on.
D e c e m b e r d e l i v e r y ............c .
J a n u a r y d e l i v e r y ................ c .
M a y d e l i v e r y . . . . ..................o .
44%
44%
46%
T
ues. W .
ed
45
41%
46%
45%
44%
46%
46
45%
46%
T
hurs. Fn.
45%
45%
47
45
44%
46%
Oats for future delivery have been dull, but in the fore part
of the week the prices for the remote deliveries made frac
tional advances in sympathy with the improvement in wheat
and corn, but yesterday realizing sales by “ longs” caused
the improvement to be lost. There has been a fairly active
trade in the spot market, and with increased supplies prices
have weakened slightly. The sales yesterday included No. 2
mixed at 34c. and No. 2 white at 36}^ <J36% c. The market
to-day was lower in sympathy with tbe weakness in wheat
and corn. The spot market was easier. The sales included
No. 2 mixed at 33J£c. and No. 2 white at 36 ^ c.
D AILY CLOSING PRICES OF NO. 2 M IXED OATS.
S
at
D e c e m b e r d e l i v e r y ............. c .
J a n u a r y d e l i v e r y .................c .
M a y D e l i v e r y ......................... c .
M T es.
on. u
34%
34%
36%
34%
34%
36%
34
34%
36
W . Thurs.
ed
I'rl.
34
34%
36%
33%
34%
35%
34
34%
36
Rye has continued in neglect and prices are quoted nomin
ally unchanged. B irley has been advanced and the close was
firm.
The following are closing quotations:
FLOUR.
F l u e ....................... $ b b l . $ 1 7 5 ® $ 2 1 0
S u p e r f i n e ........................... 1 8 5 ® 2 2 5
E x t r a , N o . 2 ................... 2 0 0 ® 2 5 0
E x t r a , N o . 1 ................... 2 2 0 ® 2 7 5
C l e a r s .................................. 2 3 0 ® 3 o o
S t r a i g h t s ........................... 3 0 0 ® 3 7 0
P a t e n t , s p r i n g _______
3 7 5 a 4 20
P a te n t, w i n t e r ....... $ 3 2 5 » $ 3
C i t y m i l l s e x t r a s _____ 3 6 0 » 3
R y e flo o r .s u p e r fin e ..
2 50 » 2
3 00
B u c k w h e a t f l o u r ..........
C o m m e a l—
W estern , & o . . „
2 60 * 2
B r a n d y w i n e ________
2 75
60
65
90
S p r in g , u e r b u s h . . .
R e d w in t e r N o . 2 . .
■O ats— M i x e d . . $1 b n .
0.
62
O
©
68
58
©
59
©
33
©
35 % ®
33% ©
36
©
G R A IN .
0.
C o m , p e r b u s k .—
74
W e s t ’ n m i x e d _____
69%
N o . 2 m ix e d
......
70
W e stern y e llo w . . .
70
W e 8t e r n w h i t e _____
35
R ye—
41
W e ste rn , p e r k u a k .
34%
S ta te a n d J e r s e y ..
37
B a r l e y — N o .2 W e s t ’ n .
S t a t e 2 - r o w e d ..........
S t a t e 6 - r o w e d ..........
..
©
©
©
©
©
0.
48
4€%
49
56
55
63
65
’ F o r o t h e r ta b le s u s u a lly g iv e n h e r e s e e p a g e 8 8 3 .
T H E
D R Y
N
e w
Y
G O O D S
o r k
8,993
145,107
32,146
2,955
176,302
18,120
T ota l..................................
8,993
177,253
2,955
194,422
1F r o m N e w E n g la n d m ill p o in t s d ir e o t.
The value of the New York exports since January 1 has
been $8,579,322 in 1893 against $9,170,020 in 1892.
Brown sheetings are in quietly steady demand throughout
at former prices, and are still generglly light in stock or
actually sold ahead. In bleached shirtings low grades are
occasionally higher under print-cloth influences; other grades
are inactive awaiting revision of prices of the leading makes ;
this is now expected to be made next week. In colored cot
tons there is but a moderate movement oa home trade ac
count, with fair sales of denims, ducks and plaids for export.
W ide sheetings are quiet but in limited supply. Kid-finished
cambrics, silesias, corset jeans and sitteens and other finished
cottons quietly firm. Cotton flannels inactive. W hite goods
in indifferent demand. Prints firm, but in dark fancies busi
ness small. Indigo blues firm with fair sales at late advance,
shirting prints sold ahead and Merrimacks advanced
to
4'4c. per yard. The demand for spring lines of regular fa n
cies and specialties is regular on moderate lines, and is of a
similar character for spritig ginghams. Print cloths hold
firm on the basis of 3 :. for 64 squares, but the market is dull
thereat.
X S93.
2.
H e ld b y P r o v i d e n c e m a n u f a c t u r e r s . 1 2 2 ,0 0 0
F a l l R i v e r m a n u f a c t u r e r s ....................... 1 3 4 , 0 0 0
N one.
5 ,0 0 0
1891.
4.
1 9 7 ,0 0 0
2 5 9 ,0 0 0
T o t a l s t o e k ( p i e c e s ) ............................. 2 5 6 , 0 0 0
5 ,0 0 0
4 5 6 .0 0 0
S of Print C
tock
loths—
D
ec.
1892.
Dec.3.
D
ec.
Foreign Dry Goods.— There has been increased indisposi
0.
45
©
45*2 $
©
46
©
54
50
62
63
T ota l..................................
Ohina, via V ancouver.......
70
I V h e a t f lo u r In s a c k s s e lls a t p r i c e s b e l o w t h o s e f o r b a r r e ls .)
Wreat—
5,639
1,645
69,502
5,581
14,685
7,078
16,216
3,022
5,757
44,398
2,789
T R A D E .
, F r i d a y , P . M ., D e c e m b e r 8 . 1 8 9 3 .
This week's experiences in the cotton goods department of
the market have failed to bring relief to the situation. The
day-to-day demand has practically been without variation in
either staples for immediate use or fancy cottons for future
delivery. Buyers have been in moderate attendance and
salesmen on the road have made but indifferent progress.
Any disposition shown by the trade to adopt a more liberal
policy seen subsequent to tbe auction sale has quite disap
peared. In seasonable lines immediate wants only are, with
rare exceptions, being attended to, while provisions for spring
are being made on a decidedly conservative basis. Tariff
uncertainties are a prominent factor, the possibility of new
duties becoming effective as early as March 1, 1894, proving a
decidedly restrictive influence. The demand for staples, such
as it is, appears sufficient to account for current production,
as in no direction can any accumulation of stock of any mo
ment be discovered. The tone of the market is dull without
weakness, sellers are not overburdened wiih merchandise, and
prices of many lines of goods are so low that there is no profit
in producing them, elements of steadiness even in a dull
market.
D omestic W oodens.—To tariff anxieties have been added the
disquieting influences of failures of local clothing firms iuthis
department. No increase in business has accrued to in any
degree offset these. Buyers are still confining their purchases
of heavy woolens and worsteds to insignificant parcels in the
main, with very rare instances of transactions of even moder
ate importance. Prices are'weak and very irregular. Little
progress has been made with spring business, and the outlook
for manufacturers has not improved in any degree. There is
no character to the demandj the largest buyers calling for
.little better than sample pieces of either piece-dyed or fancy
woolens or worsteds. Cotton-warp and cotton-mixed fabrics
are inactive. Overcoatings slow in h=>avy weights and very
backward in spring business. Cloakings steady in price and
in moderate request. There has been a decreased demand for
woolen and worsted dress goods in new lines, and very little
passing in seasonable makes.
D o m e s t i c C o t t o n G o o d s . — The exports of cotton goods
Trim this port for the week ending December 5 were 8,993
tion on the part of buyers to place orders lor spring goods in
any line of merchandise, and the further the season goes the
further it falls behind in comparison with an average year.
Prices are unstable. Business in seasonable goods has proved
entirely of an oid-and-end description, with sellers very easy
to deal with.
Im p o r ta tio n s a n d W a r e h o u s e W ith d r a w a ls o f D ry G o o d s .
The importations and warehouse withdrawals of dry goods
at this port for the week ending Deo. 7, and since Jan. 1,
1893, and for the corresponding periods of last year are as
follow s:
THE CHRONICLE.
December 9, 1893.]
S tate
and
term s
C ity B
of
1005
T h e se a d d itio n a l lo a n s w ill m a k e th e to ta l sa les re
e t a t it m ^ n t , ported in O ctob er fo o t u p $ 1 1 ,8 3 9 ,3 7 3 a n d th e fa llin g
o il th is m o n th is c o n se q u e n tly sh o w n to b e $ 5 ,1 3 6 ,1 0 3 .
s u b s c r ip t io n
.
N ovem ber B ond Sales .
P age.
C o m m e r c ia l a n d F in a n c ia l C H B O S I C L E
con
Mina 4 0 to 6 4 pages published every week,
■ t a le a n d C ity S u p p le m e n t of C H R O N I C L E con
tains ISO pages published periodically.
In v e s to r * ’ S u p p le m e n t of C H R O N I C L E (a Cyclo
paedia of Railroad Securities) contains 1 6 0 pages published
every other month.
Subscription to CHRONICLE for one year $ 1 0 .0 0 ,
which includes every issue of both S u p p l e m e n t s ,
T h e p u r p o s e o f th is S ta te a n d C ity D e p a r tm e n t
is to furnish our subscribers with a weekly addition to and
continuation of the S t a t e and City S u p p l e m e n t . In other
words, with the new facta we shall give, the amplifications
L o ca tio n .
8 6 5.. Amt Arbor, Mtcn........
910 BalHiuore, Md_____. . . .
951 Belmirat Co., Ohio.........
805-.B rockton, M a ss............
86 '..B rook ly n , Oiiio..............
9 1 0 ..Cleveland, O h io.............
9 5 1 .. 1>elhi, O h io .....___ . . . . .
1006-Deuver, C ol....................
8 6 6 ..
Dubuque, Iow a ....
9 1 0 ..
EaH Orange, N. J .
8 2 1 .-Ft, Edward tim oii Free
School District, N. Y..
8 2 1 ..Haverhill, Mass.............
8 2 1 ..H averhill, Mass.............
9 5 2 ..Lowell. Mass................
8 0 7 ..Mansfield, O h io ............
9 1 2 ..New Bedford, Mass___
9 1 2 ..Pierce ( X , W ash..........
912 , .Rochester, N. Y ........ .
9 1 2 ..Rochester, N. Y .............
9 1 2 ..Rochester, H. Y ___. . . .
9 1 3.. Rochester, N. Y .............
9 1 3 ..Balem, Ohio....................
8 2 2 ..Sandusky, Ohio............
8 6 9.. - pokane <'o ., Wash.......
8 * 9 ..Tacoma, W ash— . . . . . .
9 1 3 ..Y onngstow n, Ohio........
M a te.
5
3*3
4
5
6
6
6
4
4
4
444
4
5
4
4
4
4
6
5
6
R
5
M a t u r it y .
A m o u n t.
f $30,000
3 ,000,000
80,000
240,000
1894-1923
1 ,000
432,000
Oct. 1,1 903
4,270
1894-1903
Sept. 1, 1901
30,'-00
50,000
1900
46,000
.................
1894-1908
...............
Oct. 1 ,1 9 0 3
Oot. 1. 1923
1894-1903
A pr. 1, 1903
July 1, 1913
1922-1927
1943
1943
1943
1894-1898
1913
A w a rd s
100100100'
100'
100'
1 0 : -798
100'
90101*
100*
12,000
100*
55,000
100*14
25,000
101*31
155,000
101-375
12,000
100140,000
100300,000
*100150,000 100-51*5 +
125,000
102-05
102-716
25,000
102*375
150,000
18,000
100-25
7,500
100300,000
101-25
60,000
104*083
1007,500
Total....................................................................... $3,465,270
and corrections we shall publish, and the municipal laws we
Aggregate o f sales for which no price has
been reported (from 3 o m unicipalities)___ 3,438,000
shall analyze in the “ State and City Department-,” we expect
to bring down weekly the information contained in the
Total sales for N ovem ber.............................. $6,903,270
S t a t e and City S u p p l e m e n t to as near the current date as
* And com m ission o f $8,780.
possible. Hence if every Subscriber will note in his S u p p l e
m e n t on the page designated at the head of each item a
reference to the page where the item in the C h r o n i c l e can
Austin, Texas.—Several weeks ago we published in this
be found, he will at all times possess a complete and fresh department a corrected report of the financial condition o f
cyclopaedia of information respecting Municipal Debts.
Attain, Texas, which wa h i i received from Miyor M iD n n ld
M U N IC IP A L B ON D BALES I N N OVEM BER.
O ur record o f th e n ew c ity loan s issu ed an d m ark eted
d u r in g th e m o n th o f N o v e m b e r sh o w s th a t th e a g g re
g a te sa les a m o u n te d to 1 6 ,9 0 3 ,2 7 0 , a n a d v a n ce o f
♦ 1,727,258 on th e to ta l w h ich we rep o rted fo r th e cor
re sp o n d in g m o n th o f last y ea r, b u t th e p rices p a id for
th e b o n d s are g e n era lly m u ch low er th a n th o se w h ich
sim ila r se c u r itie s b r o u g h t a t th is tim e a year ago. T h e
c ity o f H a v e r h ill, M aas., for in s ta u c e , sold a n issu e of
4 per c e n t 1 0 -y ea r b ou d s in N o v em b e r o f 1 89 2 a t
1 0 1 -9 1 , w h ile h er 10-year 4s offered la st m o n th b r o u g h t
b u t 1 0 0 T 4 . It is th e g en era l rep ort fro m th e large bond
h o m e s a t p r e se n t, h ow ever, th a t th ere is a ste a d ily in
cr ea sin g d em a n d for th e h ig h -c la ss m u n ic ip a l secu r itie s,
as th e la rg e n u m b er o f bids re ceiv e d in resp o n se to m a n y
o f th e re cen t offerin g s w ou ld in d ic a te. T h e fa c t th a t
N e w Y o r k C ity 3s h a v e b een so ld a t a p rem iu m
b y th e C o m p tr o ller th is w eek , as is re p o rted on .a
fo llo w in g p a g e, is a n o th e r str o n g in d ic a tio n o f restored
co n fid en ce a m o n g in v e sto r s. A ll o f th e se b o n d s p re
v io u sly offered th is year h av e b een ta k en a t p ar b y th e
s in k in g fu n d , as n o b etter p ro p osals w ere receiv ed .
In th e tab le b elo w w e g iv e th e p rices w h ich w ere p aid
for N o v em b e r loan s to th e a m o u n t o f ♦ 3,465,270, issu ed
b y tw en ty -tw o m u n ic ip a litie s, th e a g g r e g a te o f sales
fo r w h ich no p rice was rep o rted b ein g $ 3 ,4 3 8 ,0 0 0 , and
th e to ta l sa les fo r th e m o n th $ 6 ,9 0 3 ,2 7 0 . In th e case
o f ea ch loan a re fe ren c e is m a d e to th e p a g e o f th e
C h r o n ic l e , w h ere a fu ll a c c o u n t o f th e sa le w ill be
fou n d .
In th e C h r o n i c l e o f N o v em b er 1 1 th , p a g e 8 1 8 , w e
g a v e a lis t o f th e O cto b er b on d sales, a m o u n tin g to
$ 1 1 ,6 6 6 ,8 7 3 . S in c e th e p u b lic a tio n o f th a t sta te m e n t
w e h a v e reo eiy ed n o tic e from H a m ilto n C o u n ty , O h io ,
N e w b u r g , X , Y ., an d Q u o g u e S c h o o l D is tr ic t, N . Y .,
o f th e fo llo w in g lo a n s sold in th a t m o n th .
A n p lT lO N A t , O C T O B E R 8ALKM.
Paa‘
TjOtrtHmt.
M ate,
Hamilton C o ., O h io___ 4
S21
321 Hamilton ( X , Ohio .
*32. Mewbuftj, N. Y ...............
80S . tiuuga# Suh. D tet, N. V.
4
.
M a tu r ity .
A m o u n t.
1918
1898
...............
1903
*00,000
14,000
65,000
5),500
of that city. A discrepancy was discoverel in the statement
of the lux race for 189*5 and upon inquiry we have been in
formed by the Mayor that the total rate this year is $27 89M
per $1,100 instead of $34 88*;], as a clerical error in his report
made it.
Mayor McDonald objects to ft note concerning the water
and light bonds which was inserted in the debt statement ana
in which we said that the water company threatened to bigin
further legal proceedings against the city. This commant
teemed called for by the fact that while the Mayor was ad vt rtising for bids on the bonds of this issue which remain unsold
the water company bondholders’ committee published a notice
to that effect. That we may not misrepresent Miyor McDon
ald, however, we quote the following from his recent letter:
"In the statement I sent you on the 21th of last month I said
nothing of any threatened suits against those bonds, for I
knew of no suits being threatened by the water company or
any one else, nor do I know of any now. The question of the
validity of the Austin Water Works and Electric-Light 5 per
cent gold bonds was ftaaliy settled by the decision of the
Supreme Court, and from that decision there is no appeal.”
North Carolina Valuations.—The State Auditor o f North
Carolina has completed the statement showing the assessed
value of real and personal property in this State for 1892 and
the aggregate value of railways, canals, sleeping cars and
telegraph lines, as per returns from the Railway Commission,
for 1893. The figures are as follows:
Land in coun try...... $114,328,255 Railway property— $23,651,315
82.588
Town p rop erty.......
40,755,459 Pullman e a r s ............
198.352
Tot. real valuation ... 155.083,714 Telegraph property.
293,698Personal property. - 82,410,049 Steamboats & canals.
T o t real & person’ I,$237,493,783
Grand total.$261,717,726*
In the table below we give the new figures in connection
with corresponding returns for previous years, which are taken
from our S t a t e a n d C i t ? S u p p l e m e n t . The assessed valua
tion is supposed to be about 60 per cent of actual cash valup.
Tam
Hate.
M ttttrom ltt, < :.
*<
Total.
P e r s o n a l.
T ra m .
Jteal E state.
IK »2...$!5.>.fH 3.7l ! $82,110,019 $31,223,083 $281,717,736
262,170,651
19,720.760
87.370,21,3
1 8 9 1 ..
. 1 5 5 ,0 7 9 ,0 1 $
235,202,042 $2-50
13,138,203
74,016,718
1 8 9 0 ..
. 141,81.7*028
226,371,393 2-50
13,071,108
1 8 8 9 ..
. 1 3 8 ,7 2 4 .5 1 73,072,743
4
11,715,327
223 673,502 2-00
75.085,926
1 .8 8 3 ..
. 13iS.873.240
211,941.271 2 0 0
71,393,875
1$ 8 7 ... 14 0.5 4 5.39 6
202,441,733 2-50
75.561.351
1 8 8 0 ..
. 1 2 6 .3 8 3 .3 8 3
209,580.096 2-50
1883 .. 120,955,079 82,613,417
201,222,723 2-50
77,087.316
1 8 8 3 ..
. 121 ,13 5 .3 7 7
180,37 7.525 2-50
71,889.341
1 8 8 2 ..
. 1 0 8 .98 8 .1 8 4
107.738,039 2-80
62,905,728
1 8 8 1 ..
. 10-1,742,911
The value o f land in the country shows a little failing off,
having been $115,180,129 in 1891. The town property shows
a gain. The amount of money on hand or on deposit is given
A w a rd .
as $4,600,080, against $5,469,525 in 1891. The solvent credits
100100are reported as amounting to $20,210,853; stock in incorpor
100101'015 ated companies is $8,446,278.
THE CHRONICLE.
1006
Assessed Valuations In Paterson, N. J .— The Paterson A s
sessors have recently made public the result of their work for
this year and the report shows the total valuation of real
property to be $32,485,885, including land, $17,047,565, and
buildings, $15,411,320. The valuation of personal property is
$6,829,018 and the total assessed valuation $39,287,903. The
total tax levied is $989,903 70, of which $973,694 70 is for city
purposes. In the following table the new figures are given as
well as returns for previous years which have already been
reported in our S t a t e a n d C i t y S u p p l e m e n t .
Y ea rs.
R ea l.
1893....... .$3?,458,885
1891....... . 28,081,691
1890....... . 23,981.681
1889....... . 22,266,675
1880....... . 16,348,608
A s s e s s e d V a lu a tio n .
P e r s o n a l.
T otal.
$6,829,018
4,6 3,515
4,947,009
4,282,889
3,544,517
$39,287,903
30,705,206
28,923,690
26,549,564
19,893,125
Property is assessed at about three-fourths
cash value.
R a te o f Tax
p e r $1,060.
$25-00
25*00
25-00
2L-10
of its actual
B o n d P r o p o s a ls a n d N e g o t ia t io n s .— W e have re
ceived through the week the following notices of 1 ones
recently negotiated and bonds offered and to be offered for
sale.
Auburn, Neb.— It is probable that an election will be held
shortly at Auburn to vote on issuing $18,500 of water-works
bonds and $1,500 of bonds for fire engines.
Auburn, N. ¥.— (S t a t e a n d C i t y S u p p l e m e n t , page 44.)—
Five per cent sewer bonds of this city to the amount of $31,000 have been sold.
Batavia, 111.— Water-works bonds of Batavia have recently
been voted.
Beinent, 111.— (S t a t e a n d C i t y S u p p l e m e n t , page 92 )—
A n election held recently at Bement to vote on issuing bonds
for water-works resulted in the defeat of the proposition.
Buffalo, N. Y.— (S t a t e a n d C i t y S u p p l e m e n t , page 45.)—
Joseph E. Gavin, City Comptroller, will receive proposals until
December 15, for the purchase of $200,000 of Buffalo City
temporary loan water bonds dated October 1, 1893, $209,176 37 of Buffalo tax-loan bonds dated August 1, 1893, and
$60,000 of Buffalo City refunding bonds dated June 2, 1893.
The water bonds bear interest at the rate of 4 per cent and
become due July 1, 1894. The tax-loan bonds bear interest at
the rate of 3% per cent, payable semi-annually on February
1 and August 1, and become due August 1, 1898, and the
refunding bonds bear interest at the rate of 3 % per cent,
payable semi-annually on June 2 and December 2, and
become due June 2, 1913. Both principal and interest of the
loans may be payable at the office of the City Comptroller or
at the Gallatin National Bank, New York.
Proposals must state the price per $100, also at which
place payment is desired, and the bonds will be ready for
delivery on or after December 19, 1893. The bonded debt of
the city of Buffalo on December 1, 1893, less bonds held by
the city in sinking funds, was $10,967,677 75. The assessed
valuation of real estate for the year 1893 is $208,665,620.
Butte School d istric t No. 1, Silver Bow County, Mont.—
Mr. E. E. Paxon, Clerk of the Board of Trustees of this school
district, notifies the C h r o n i c l e that he is offering for sale
$25,000 of 6 per cent school bonds, payable in geld at the end
of 20 years and subject to call after 10 years, interest to be
payable semi annually at the office of the County Treasurer.
The total bonded debt of the district, including the above issue,
is $100,000. The assessed valuation of real and personal prop
erty is $18,000,000, the actual value being about $21,000,000.
The sinking fund has now on hand $10,000 for the payment of
interest.
Camden, Maine.— (S t a t e a n d C i t y S u p p l e m e n t , page 11.)
Village hall bonds to the amount of $25,000 have been sold,
the bonds to bear interest at the rate of 4 per cent. This is
part of an issue of $30,000 authorized by the Legislature some
time since.
Cass County, No. Dakota.— (S t a t e a n d C i t y S u p p l e m e n t ,
page 117,)— It is leported that $15,000 of drain bonds of this
county have recently been sold.
Cleveland, Ohio,— (S t a t e a n d C i t y S u p p l e m e n t , page 79 )
— W . A . Madison, Cily Auditor, writes the C h r o n i c l e that
the $130,000 of 5 per cent canal coupon bond», offered for
sale on December 6, have been awarded to Messrs. E. H. Rol
lins & Son of Boston, Mass., for $140,368 28. The following
is a list of the bids received:'
*
w' nr ? ? ms & Son, Boston, Mass.......................................... .$140,368 28
N. W. Harris & Co., Chicago, 111............................................... 140,179 00
Brewster, Cobb &
Estabrook, Boston, M ass........................... 139,789 00
L- Hay & Co., Boston, M ass....................... ............................ 139,919 00
* Prior, Cleveland, O ....................................... 139,110 00
T b n d National Bank, Boston, Mass.......................................... 138,989 50
Seasongood &Mayer, Cincinnati, O .......................................... 138^125 00
Interest on the loan will be payable semi-annually, both
principal and intfrest being payable at the American E x
change National Bank, New York City, and the bonds will
mature October 1, 1903,
[VOL. LVII.
been legally authorized and that several offers of over par for
the loan are already pending with the Mayor and Finance
Committee.
Daytona, Fla.— Bonds of this town to the amount of $6,000
have recently been voted for the building of a sea-wall.
Frank T. Peck, Town Treasurer, writes us that the loan will
bear interest at the rate of 6 per cent, payable annually on
Jan, 2 at the Treasurer’s office, aud will become due Jan. 2,
2004. The town has never had any debt of any kind, and its
assessed valuation, which is one-tliird of actual value, for 1893
of real estate, is $227,713; personal property, $38,160; total,
$265,873. The total tax rate for 1893 is $19 50, including State
and county tax, $9 50, and city tax proper, $10.
D a y t o n , Ohio.— (S t a t e a n d C i t y S u p p l e m e n t , page 80 .)—
The following is a list of the bids received on December 1 for
the purchase cf $455,000 of city bonds, which has been fur
nished to u s b y C. A . Herbig, Comptroller :
John H. W inters......................................... for $100,000 bid $102,100 00
Spitzer & C o............................................... for
127.000 bid
128,750 00
Third National Bank, B oston................. fo r
455,000 bid
456,405 00
Dietz, Denison & P rior.............................for
455,000 bid
456,359 00
C. C. P u n k ..... .................................
fo r 6,000 bid
6,060 00
Third Nat. Bank, D a y ton ......................... for
42,0' 0 bid
43,090 00
R. L. D ay & Co........................................... for 4 5 ,000 bid 4 7 2 ,2 1 1 0 0
Z. T. L ew is...................................................fo r
181,000 b id
183,935 00
Btyke Bros ............................
fo r 455,000 bid 4 6,604 35
Seasongood & M ayer.......................
fo r 455,000
bid 462,507 50
Brewster, Cobb & E stabrook..................for 455,000 bid 48 1,02 145
The bonds were awarded to Brewester, Cobb & Estabrook,
theirs being the highest bid. The details of the securities are
as given below :
L O A N S—
Se
w e r
B
W h en D u e.
on d s—
6s, semi-an., $ 1 0 ,0 0 0 ..Deo.
6s, semi-an., 1 1 ,0 0 0 ..Dec.
6s, semi-an., 1 1 ,0 0 0 ..Dec.
6s, semi-an., 12,000. .D ec.
6s, semi-an,, 3 9 ,0 0 0 ..Dec.
($13,000 due y ’rly) to Dec.
6s,sem i-an., 1 4 ,0 0 0 ..Dec.
6s, semi-an., 1 5 ,0 0 0 ..Dec.
6s, semi-an., 15,000. .Dec.
1,1894
1,1895
1 ,1 896
1,1 897
1,1898
1 ,1 900
1 ,1 901
1, 1902
1,1 903
L O A N S—
Str e e t P
a v in g
W h en D u e.
B
on d s—
6s.sem i-an., $ 2 7 ,0 0 0 ..Dec. 1 ,1 894
6s,sem i an., 29,00> ..D ec. 1,1895
6s, semi-an., 28,000. .D ec. 1,1 896
6s, semi-an., 9 9 ,0 0 0 ..D- c. 1 ,1 897
($33,000 due y’rly) to Dec. 1, 1399
6s, semi-an.,‘ 3 6 ,0 0 0 ..Dec. 1 ,1 9 0 0
6s, semi-an., 32,000. .Deo. 1,1 901
6s, semi-an., 38,000. .Dec. 1,1 902
6s,semi-an., 3 9 ,0 0 0 ..Dec. 1,1903
The bonds are issued in series, and interest will be payable
in New York City.
The city’s total bonded debt on November 1, 1893, was $2,896.275, including water bonds $704,000 and assessment bonds
$684,775.
Denver, Col.— (S t a t e a n d C i t y S u p p l e m e n t , page 136.)—
It is reported that $30,000 of local improvement bonds of this
city which we previously noticed as being offered on Novem
ber 10th have been sold at 90 and accrued interest. The bonds
are issued for local improvements, bear interest at the rate of
6 per cent, payable semi-annually o d March 1 and September
1, and become due eight years from September 1, 1893, with
an option of call. They can be registered by the City Treas
urer if so desired.
Fitchburg, Mass.— (S t a t e a n d C i t y S u p p l e m e n t , page 24.)
City Treasurer G. E. Clifford reports that one or two city
loans are in process of issue, but that as yet no time has been
set when they will be offered for sale.
It is reported that $25,000 of water bonds have recently been
authorized, the loan to bear interest at the rate of 4 per cent
and to run 10 years.
CHobeville, Colo.—The people will vote on December 30,
on the proposition of issuing $40,000 of water-works bonds.
Hoboken, N. J.— (S t a t e a n d C i t y S u p p l e m e n t , page 59 )—
One hundred and eightv-five thousand dollars of boulevard
bonds and $100,000 of bridge bonds of Hoboken have been
sold to the Mutual Life Insurance Co., New York, at par.
Interest on the loan is payable at the rate of IJ-j’ per cent and
the bonds mature in 30 years.
H olland, Mich.— The sale of 5 per cent electric-light bonds
to the amount of S12.000 is reported by this city.
The secur
ities mature part yearly from Feb. 1, 1918, to Feb. 1, 1929, in
terest is payable annually on Nov. 20 in New York Citv, and
the price paid for the bonds was par. The lighting plant is to
be put iu by the Commercial Electric Light Company of De
troit, Mich., and is expected to be in running order by Jan.
15, 1894.
The city’s total debt, including this issue, is $59,450, of
which $41,950 is for water. The tax valuation for 1893 (about
60 per cent of actual value) is $1,101,585. The total tax rate
this year, which is higher than ever before, is $32 60 per $1,000.
All the bonds of this city are exempt from taxation.
H yattsville, Md.— Bonds of Hyattsville to the amount of
$50,000 are under consideration.
Lincoln, Neb.— (S t a t e a n d C i t y S u p p l e m e n t , page 122.)—
City Treasurer E. B. Stephenson wiitesus that bids will be
received until December 19 for the purchase of the $90.n00 of
6 per cent refunding bonds recently voted. The bonds will
be dated January 1, 1894, and will become due in 20 years,
with an option of call after 10 years. Both principal and in
terest will be payable in New York.
Massachusetts.— S t a t e a n d C it y S u p p l e m e n t , page 18.)—
Proposals will be received for $5,000,000 of 3J£ per cent 20year Massachusetts State bonds, interest and principal to be
payable in gold.
Moline, III.—(S t a t e a n d C i t y S u p p l e m e n t , page 94.)—
D a lla s , Tex.— (S t a t e a n d C i t y S u p p l e m e n t , page 177.)—
City Auditor J. F. Caldwell reports to the C h r o n i c l e that 6 Five per cent bonds to the amount of $40,000 have recently
per cent 20-year bonds to the amount of $100,000 have now been sold by the Board of Education of Moline at 102 01% .
THE
December 9,1893, j
1007
C H R 0N 1C 1JE .
Melrose, Mass.—(S t a t e a n d City S u p p l e m e n t , page 27,)—
North Manchester, Ind.—It is reported that water-works
Jn reference to the §20,000 of water-works bonds recently bonds to the amount of $25,000 have been sold.
voted. Mr. John Larrabee, Town Clerk, writes us that they
Norwood, Ohio.—Twenty-five thousand dollars of 5 % per
have already been sold to local savings banks. They are part
■ f an issue of $50,000 authorized last June, and bear interest cent water-works bonds have recently been sold at 104-625.
o
at the rate of 4 per cent.
Ocala, Fla.—W. L, Jewett, City Clerk, writes us that the
question of issuing about $350,000’ of bonds of Ocala is in the
Millville, Pa.—Bonds of this borough to the amount of hands of a committee. No definite information regarding$80,000 have recently been issued.
the matter can be given, as they are not yet ready to report,
New f o r k C ity .— (S t a t e a n d C it y S u p p l e m e n t , page 30.)— the amount and time the bonds are to run not yet having
Comptroller Myers reports to the C hronicle that on Dec. 5 been decided on.
$1,225,000 o f 3 per cent bonds were sold to the New York
Guaranty & Indemnity Company at 10Q-38. The loans are
described as fo llo w s :
Ottawa, 111.—Five and one-half per cent water-works bonds
of this city to the amount of $60,000 have been voted.
Pawtucket, R . I . —(S t a t e a n d C i t y S u p p l e m e n t , page
34.)—City Treasurer Frank M. Bates will receive bids until
December 19 for $600,000 of general account and highway
bonds and $400,000 of sewer bonds. Both of these issues will
be dated April 1, 1893, and will mature April 1. 1923, Each
will bear interest at the rate of 4 per cent, payable in gold,
A. Sc O , at the National Bank of Redemption, Boston, Mass.
The bonds will be ready for delivery December 20, 1893,
with buyer’s option to January 20, 1894. Matured interest
coupons will be detached before delivery, and interest ac
crued on succeeding coupons will be added to the price bid.
Tbe present bonded indebtedness of the city is $2,450,000,
including water bonds to tbe amount of $1,500,000. The
fi ating debt on November 1, 1893, was $1,548,523. This will
be very largely reduced by the proceeds of the proposed
loans. The assessed valuation of real estate for the year 1893
is $24,155,698; personal property, $5,208,852; total, $29,362,550. The population in 1890 was 27,502.
Pontiac, Mich.—(S t a t e a n d C i t y S u p p l e m e n t , page 99.)—
The election to vote on issuing $25,000 of water works bonds
which took place in this city on November 28 resulted in favor
of tbe proposition.
Salem, Ore.—An issue of municipal bonds amounting to
$59,000 is under consideration in the city of Salem, Ore.
Sewickley. Fa,—(S t a t e a n d C i t y S u p p l e m e n t , page 70.)—
Five per cent bonds to the amount of $50,000 have recently
LO A N S—
tram D u e. I
LOANS—
W h e n D u e.
D o ck Bo m . - j Str e e t p a v in g B onds —
3s, 1L A N. . ST 25,000, Nov. 1 ,1 924 13s, M. &. N., $500,000, Nov. 1,1913
W e give below the official list o f the bids received for the
securities:
Blake Brothers A C o................. for $200.000....... line 1 9 2 1 .— bid 1 0 0 1 5
do
(to
. . f o r 200,000........ due 1 9 2 4 ....bid 100-16
do
do
for 200,000-------due IS‘2 1 .— bid 100 17
do
do
for 125,000.____ d o e 1924
bid 100-18
do
do
. . . . . f o r 500,000.— d o e 1 9 1 3 ....b id 100-04
N. Y. Guaranty A Iudem. C o ...fo r 500.000.......due 1913....b id 100-38
do '
do
..fo r 725.000.......due 1921....b id 100-38
W illiam S. Fansbnwe...............for 5 0 0 ,0 0 0 ,... due 1 9 2 1 ....b id 100 00
do
...............for 500,000------- due 1913
hid -00-00
A ndrew H. Green, T ru ste e ... for
2 0 ,0 0 0 ..o f either loan . .b id 100-00
Purk P olio - Pen-ton F un d___for
12,500..o f e ttb e rlo a n ..b in 100-00
The Coiu'rn o f the sink. Fund .fo r 22.7,000 .o f either loan .-bid 100 00
Total am ount bid for............. $3,707,500
This sale is o f particular interest, as it is the first time since
November 16, 1892, that the city has been able to sell its 3
per cent bonds above par, all loans previously offered this
year having been taken by the Commissioners o f the Sinking
Fund.
Another sale was made on December fi o f 3 per cent bonds
to the amount o f $672,409 72, issued for the purchase of
W ard’s Island property, and maturing November 1, 1913.
The Park Department Police Pension Fund took $12,500 at
100-04 and the State bought the remainder at par.
N E W LOANS.
$ 3 ,0 0 0 ,0 0 0
N E W LOANS
BONDS.
$ 1 0 0 ,0 0 0
Sealed proposal# addreneed t o th e B oa rd o f T ru s
te e * o f th e Sanitary D istrict o f C h icago and en“ Proposal f o r purch asin g bon d s.” will b e received
b y th e C ier* o f said Sanitary D istrict at B oom H,
itU lto Bu ilding. C h icago, Illinois, until I t I f . {sta n d
ard tim e), o f W edn esda y. 13th day o f D ec., 1£03.
T h e bon d * fo r th e purchase o f w hich said bids will
b e received are th e present Issue o f T h re e M illion
D ollars
w orth o f bon d s o f th e Sanitary
D istrict o f C h icago in den om in ation s o f O ne T h o u s
an d Dollars rfi.iASi} each w ith in terest at th e rate o f
6 per cen t p m annum payable a<*ml annually on th e
first day o f Ju ly and Jan uary o f each year and tb e
principal paya ble a t th e rate o f One H undred and
F ifty T h ou san d D ollars <#150,000} e a c h year fo r
tw e n ty years n ex t su cceed in g Jan u ary 1, lHM r-tue
first paym en t to be m ade Jan uary l, 1*85. Both
principal and in terest payable at the office Of the
T reasurer o f sskt D istrict at Ch icago, Illinois.
*M bi proposal roust b e accom panied b y a certified
_j. or cash o f an am ount ©quid to T h re e (3) per
__ o f th e am ou n t o f th e bid. A ll certified check#
m m t be draw n on »mae responsible bank and he .made
payable to th e ord er o f th e •'Clerk -■( th e Sanitary
D is trict o f C h icago.” Said am ount o f T h re e «3> p*r
■cent o f th e am ou n t o f th e b id will be held by the
Sanitary D istrict om it all at said proposals h ave been
ca n v a ssed and th e bid# h ave been aw arded.
T h e bonds will b e sold in lot* o f T w e n ty five
Thousand D ollars <t25,0M la n d m ultiples o f T w e n ty five T h ousand Dollar*
dOj* and. e a c h purchaser
will be required So ta k e a pro rnta sh are o f shorttim e and k-rg--Stne b<■rid*- S o bids a t less than par
w ill b e con sid ered , an d th e rig h t is reserved to r e je c t
a n y and all bid#.
T h e m m b on d * w ill be p a id f o r and d e liv ered at
th e office ot th e T rea su rer o f said District:.
A rrangem en ts m ay be m ade w ith the said District
for th e p *j m ent and deliv ery o f raid Bon ds in In
stalm en ts.
F or fu rtb or In form ation apply to th e Clerk o f t b e
Sanitary D istrict or i.be Chairm an
th e F inan ce
c o m m it t e e , B oobs it . K i&h o Bu ildin g, C h icago, i l l
.1
5 Per Cent
F O R
B y B. A . E c k h a k t .
ch a irm a n C om m ittee o n Finan ce.
Improvement Bonds.
FO E S A L E B Y
P A R T IC U L A R S
F r c ld e B t it th e Board o f Trustees.
Clerk o f the Sanitary D istrict o f Chicago,
C h t c a g o . I I I . , Novem tM r 20.1893.
■ W ALL
t
STREET,
-
NEW Y O R K .
M E M B E R S OF T H E N E W Y O R K A N D BOSTON
C H IC A G O , I L L .
STOCK E X C H A N G E S.
C H O IC E
IN V E S T M E N T S
V IC IS IT 1
D e a lt In b y
Jas. Carothers,
9 0 F O U R T H
n
A
l i n
e
IN
Street Railroad and
M unicipal Bonds.
PRICES TO SUIT THE TIMES/
bUNUb
Blake Brothers & Co.,
28
STATE
5
N A SSAU
ST R E E T , BOSTON.
Corrreapondenee invited.
Lamprecht Bros. & Co.5
4 5 W A L L S T ., N E W Y O R K .
CLEVELAND.
BOSTON .
CHOICE
BONDS.
S T ., N E W
YORK.
Rudolph Kleybolte & Co.,
B A N K E R S ,
3 0 W e s t T h ir d S treet,
C in cin n ati, O h io,
10.000 Colum bo*. Ohio, 6s. P rice 101 and Interest.
10.000 N ew Brighton, Pa., S ch ool 5s. P rice 100 and
10.000 C h iopew a Falls, W ls., 6?. P rice 100 and inter5,oo0 Superior, W K . 6s. P rice 100 and Interest.
50.000 Staten Island Railw ay Co. 1st m ort. gold
per cent, due 194& guaran teed by Staten
island Rapid T ran sit R E . Co. P rice, 101 and
in te re s t
In vestors are in vited to call, w rite, or telegraph at
ou r expense, f o r prices o n o th e r ch o ice bonds.
Choice Investment Bonds of Cities,
L IST S M A IL E D U PO N A P P L IC A T IO N .
B A N K E R S ,
72
B R O A D W A Y ,
N E W
Y O R K .
A V K .. F I T T S B U B O . P A .
Y IE L D IN G
4
D E A L E R S IN C O M M E R C IA L P A P E R .
C. H. W H I T E & CO.,
S E C U R ITIE S
OF
A X I)
UPON A P P L IC A T IO N
Farson, Leach & Co.,
Attest: FRANK WKSTKR,
T hom a- f . Judge ,
BONDS
IN V E S T M E N T .
IN V E S T M E N T
T H E S A N I T A U r D I8 T K IC T OF CH ICA GO ,
P IT T S B IR C
LOANS.
C I T Y O F O M A H A , N EB. , M U N I C I P A L
S a n it a r y D is t r ic t o f C h ic a g o .
M U N IC IP A L
NEW
A N INCOM E
TO
6%
OF
C IT Y , G E O . A , L E W IS & C O ,, B a n k e rs
COUNTY
132 LA SALLE STREET,
S C H O O L - 1 m > for 11,rC H IC A G O , i
T H O M A S B R A N C H & C O .,
B A N K U K 8 A N D B H O K B B 8,
R IC H M O N D ,
I n T M t m o n t Secortt.Un a
a N .w Y o r k .
V IR G IN IA .
Counties and School Districts.
Edward Morton & Co.,
53 Broadway, N e w York,
S p e c ia l tie s :
M U N IC IP A L ,
S T R E E T R A IL W A Y
Bpaolalty. Private W in
and
b a n k
s t o c k s
.
B O N D S
| O. L 1
"V L Y I.
THE CHRONICLE
1008
been issued by the school board of this borough, of which
§34,500 have been sold at a premium of one-tenih of one per
cent and accrued interest, which with the tax deducted nets
exactly
per cent. The bonds are of the denomination of
$500 each and run from one to twentv-one years, both prin
cipal and interest being payable at tbe First National Bank of
Sewickley. Six bonds due in 1907. six bonds due in 1908, six
bonds due in 1909, six bonds due in 1910 and seven bonds due
in 1911, are still on sale.
S T A T E
A N D
C IT Y
D E B T
C H A N G E S .
W e subjoin reports as to municipal debts received since the
last publication of our S tate and Cit y S upplem ent .
Some of these reports are wholly new and others cover items
of information additional to those given in the Su pp le m e n t ,
and of interest to investors.
Ohio— Mansfield.— (State and City Supplement, page 82.>
— T. F. Black, Mayor. The following statement has been
corrected to date by means of a special report to the C hroni
cle from F. M. Remy, City Clerk. This city is in Richland
County.
Tarrant County, T e x a s.-B id s will be received by Robert
G. Johnson, County Judge, and Jno. P. King, Cnuntv Clerk,
for the purchase of $375,000 of court-house bonds. The loan
is dated October 10, 1893, bears interest at the rate of 5 per
cent, payable semi-annually on April 10 and October 10, both
principal ar d interest being payable at the Chemical National
Bank, New York, and matures October 10, 1933, with an op
tion of call after October 10, 1898. An annual ad valorem
tax of twelve and one-half cents on each $100 taxable values
of the county for the successive years duting which the bonds
may remain unpaid is provided for the payment of interest
and the creation of a sinking fund.
Tbe following is a statement of tbe county’s financial con
dition on November 1, 1893, which includes tbe above men
tioned loan. County seat i3 Fort Worth.
LO A N S.
W h e n H u e . | W ate r -W o rks B onds G en e r a l I m pr ’ ment B onds—
58, J&J, $50,000. July 1,1895-1904
6 s , .........$30.000......... 1893 to 1902 1Total debt Dec. 1, 1893..$248,400
G e n e r a l R evenue B onds —
) W ater debt (included)..........54,500
6s........... $12,000.......................1894 T ax valuation, real....... 4,101,040
M o t iv e P o w e r T ax valuation, personal 2,217,750
68. J&J, $ 4 ,5 0 0 ....................... 1894 | Total tax valuation ’93. 6,318,790
Se w e r B onds—
T ax valuation 1892.........6,081,00O
6s............... $ 5 .600....... 1894
to 1895 valuation 1 8 9 1 ..... 5,947,190
T ax
St r e e t I m p ro vem en t B onds —
A ctual valuation 1893.12,637.580
to 1898
6 s , .......$146,400.........1893
Total ta x (per $ 1,000)......... $28-30
Population in 1890 was.......13,473
Population in 1880 was....... 9,859
IN T E R E S T on the m otive p ow er bonds is payable at the National
Park Bank, New York City; on all others at the city treasury, M ansfield.
V a lu a t io n , etc.
LOAN S—
W h en D u e.
B r id g e B onds Bonded debtN ov. 1 ,’93. $472,365
68, ----- , $1,500.......... .Feb. 10,191 1 County lias no floating debt.
6s, ----- , 9,000........... Nov. 10,1911 Cash on hand.................
$69,245
6s ----- , 11,000........... Apr. 10, 1913 N et debt Nov. 1, 18 93..
403,120
Court H o u se B onds T ax valuation 1892....... 22,042,384
58, A&O, $375,000.. .Oct. 10,1933 R eal valuation test.)___40,000,000
2-75
Subject to call alter Oct. 10,189 8 State ta x (per $1 ,000 )..
County ta x (per $1,000.
5'50
R efunding B onds —
5 s ,-----------,$75,865... Feb. 10,191 3 P opulation in 1890 w as.......41,142
The estimated population at the present tim e is 47,000.
Indiana—Marion County.—(State and City S upplement^
page 88.) The facts given in the following statement have
recently been reported to the Chronicle by one of the county'
officials. County seat is Indianapolis.
Sinking fu n d ....... .........
$170,000
Net debt N ov., 1893...
900.000
T ax valuation 1893.. .137,000,000
T ax valuation 1892.. .130,000,000
Assessment about % actual value.
State tax rate............................$4-20
County rate.............................. 3-90Schooi rate................................ 3'25
Total ta x (per $1,000 ).............10*35
Population in 1890 w a s ... .141,156’
LOANS—
W hen D u e.
County B onds —
6s, J&J, $200,000. .Jan. 1 ,1 8 9 8
5s, F&A, 150,000. - Anar. 1 ,1 8 9 7
5s, J&J, 10 0,0 0 0 ..July 1, 1901
5s, J&D, 2 0 0 ,0 0 0 ..June 1,1 908
4*28, J&D, 200,000. .June 1, 1900
4*2*, J&D, 200,000. .June 1. 1905
Bonded debtN ov., ’93. $1,050,000
Other indebtedness.......
20,000
W inton Place, Ohio.— R. B. Poage, Village Clerk, will re
ceive proposals until December 18 for the purchase of $2.235 47 of assessment bonds, the loan to mature part yearly
in from one to ten years.
Proposals will also be received until Dec. 18 by the Village
Clerk for the purchase of bonds to the amouut of $440 19.
M I S C E L L A N E O U S .
M I S C E L L A N E O U S .
M I S C E L L A N E O U S .
R i c h a r d P r ic e M o r g a n .
E d w a r d R. Mo r g a n .
D w i g h t C. M o r g a n .
in v e s t m e n t s in t h e s o u t h .
THE
Rich. P. Morgan & Sons, Exchange Banking & Lewis Investment Co.,
R A I L W A Y E XPER T S.
Trust Company,
C
P
U ,
$150,000.
DES
D W IG H T ,
IL L IN O IS ,
U.
S.
apital
A.
H a v in g e x ten d ed e x p e rie n ce in th e con stru ction
an d op era tion o f railw ays, w e offer o u r se rvice s as
I n d e p e n d e n t E x p e r t s to e xam in e and report
u p on th e ch aracter and Co n d it i o n o f t h e Co n
s t r u c t io n and E q u i p m e n t o f R a i l w a y s and also
th eir Sa f e N e t E a r n i n g Ca p a c i t y . W e h a v e
exa m in ed f o r capitalists and reported separately
u p on n early all o f th e principal railroads w e st o f
C h icago betw een C anada and M e x ico
W M .
BOOKS
F R A N K L I N
H A L L
ACCOUNTANT AU DITED
N e w f o r m e d e s ig n e d f o r b o o k s o f a c c o u n t .
S en of In
ettlem t solven E tes.
t sta
418 E x ch a n g e
B u ild in g , 53 S t a t e
M . A m . S o c . C . E .,
C O N S U L T IN G E N G IN E E R ,
B R O A D W A Y ,
*
T r a n s a c ts a G e n e r a l B a n k in g a n d T r u s t
B u s in e s s .
I n t e r e s t A llo w e d o n D e p o s it s .
I n v e s t m e n t s m a d e in s a f e a n d r e li a b l e i n t e r e s t
p a y in g S - u t h e r n s e c u r it ie s , a n d 1 s t m o r t g a g e s o n
im p r o v e d c it y a n d t o w n re a l e s t a t e ,
C o r r e s p o n a e n c w s o l ic i t e d a s t o a ll S o u t h e r n i n v e s t
m e n t s . B eii'K w it h in e a s y r e a c h o f a ll p a r t s o f t h e
S o u t h , t h o r o u g h a n d c i r e f u l i n v e s t ig a t i o n f o r
p u r c h a s e r s c a n b e m a d e o f a ll in v e s t m e n t s .
O F F IC E R S .
N E W
B .
M in in g
OlA r e n uEfl I
Fifteen Y e a rs’ Successful Experience.
Send for Pamphlet.
GEO. H. LEWIS,
Secretary.
President.
Geo. M. Huston & Co.
BOND
G. R . Voss,
Paper,
K IR B Y ,
E n g in e e r
an d
M e ta llu r g is t,
N o . 9 W i n d s o r H o t e l B lo c k , D e n v e r , C o l.
S tock s
and
In v e stm e n t
S e c u r it ie s .
305
P IN E
Omaha, Nebraska.
SECURE BANK VAULTS.
BAN KERS,
S t r e e t R a ilw a y B o n d s a n d o t h e r h ig h g r a d e I n v estm en ts.
j3 1 1 -3 1 3
and
C iv il
E n g in e e r s .
G eneral E n gineering. D raw ings. P aten ts. Specifica
tion s. E n gin e T ests. P lans and R eports,
Su p ervision o f C on struction.
925
CH ESTN U T
S T .,
P H IL A D E L P H IA
st.,nd
jo W all Street,
New York.
M O R T G A G E LO A N S
IN
GENUI NE
S u p e r v is io n .
M e c h a n ic a l
S n n e r io r
C a b le A d d r e s s , ** K B S N N B T H .”
R ep orts
Given & Sicard,
L O U IS , N O .
D e a le r s in M U N I C I P A L B O N D S .
7 E x ch a n g e P la c e .
H ost on .
W a ll S tr e e t, N e w Y o r k ,
A n d W a te r fo r d , N . Y .
E x a m in a tio n s .
DEALERS.
W. J . Hayes & Sons,
CONSULTING E N G IN E E R
35
STOCK
S T R E E T , S T .
608 F I R S T N A T I O N A L B A N K B U I L D I N G .
S P E C I A L T Y .—T h e E x p e r t E x a m in a t io n o f M in in g
i n v e s t m e n t s a n d M e t a llu r g ic a l E n te r p r is e s .
Jos. C. Platt, C. E .,
AND
W e b u y a n d s e ll o u t r ig h t all W e s t e r n
M u n ic ip a l B o n d s a n d S t o c k s .
We
c h e e r f u l l y fu r n is h f u l l a n d r e lia b le In
f o r m a t i o n c o n c e r n in g a n y W e s t e r n s e
c u r it y w it h o u t c h a r g e . M o n t h ly q u o
t a t io n c ir c u la r m a ile d t o a ll a p p lic a n t s .
N e w is s u e s o f m u n ic ip a l b o n d s w a n t e d .
Y O R K .
B on ds,
C o n « iilt ln g
A iy
p r n
A r y T
G u a r a n t e e d F ir s t M c r t g a g e s o n i m p r o v e d la n d *
In I o w a a n d E a s t e r n N e b r a s k a . 8 a f e a n d D e s ir a b le -
D IR E C T O R S .
C om m ercial
EDM UND
p
W. A. HOTCHKISS,
A . S. J . P e r r y , o f J o h n s t o n , C re w s & C o ., w h o le s a le
d ry g o o d s.
W i l l i a m M . B i r d , o f W m . M . B ir d & C o ., w h o le s a le
p a in t s a n d o ils .
J a m e s A l l a n o f J a m e s A lla n & C o ., J e w e le r s .
J . H . F . K o e n i g , w it h K n o o p , F r e r ic h s & C o „ c o t t o n
ex p orters.
G e o . B . E d w a r d s P r e s . E l e c t r ic - L i g h t &P o w e r o o
M a k e s s p e c ia lt y o f r e p o r t s o n r a ilr o a d s a n d o t h e r
I n v e s t m e n t p r o p e r t ie s .
E x a m in a t io n s m a d e in a n y p a r t o f t h e o o u m r y .
aid
IO W A .
Choice Investments In the most Cons#rvna
tive Field In the West*
G E O . B , E D W A R D S , P r e s id e n t .
P . N . P I C K E N S , C a sh ier.
R . E . M U C K E N F U 'S , S e c r e t a r y a n d T r e a s u r e r
J . L A M B P E R K Y , S o lic it o r .
8 M Y T H E & L E E , G e n e r a l C o u n s e l.
S treet, B o s to n
Jos. O. Osgood,
120
C H A R L E S T O N , S. C .
M O IN E S ,
6
WELDED CHROME STEEL AND IRON
In R o u n d a n d F la t B a r s a n d 5 -p ly P l a t e s a n d An n*^#
F O R S A F E S , V A U L T S , Ac.
C a n n o t b e S a w e d C u t, o r D r ille d , a n d p o s it iv e ly
B u r g la r - P r o o f .
C H R O M E
S T E E L
Sole Man’f’ers In the U . 8 .
W O R K S ,
B R O O K L Y N . N. Y .
NO
TEXAS.
P er C ent an d
7
P e r C e n t N e t.
C O M M IS S IO N S c h a r g e d b o r r o w e r o r
u n t i l lo a n s h a v e p r o v e n g o o d .
F R A N C IS
SAN
S M IT H
&
A N T O N IO , T E X A S .
le n d e r
C O .,
1009
THE CHRONICLE
December 9, 1898,1
W a s h i n g t o n .— T a c o m a .— (S t a i e a n d C i t y S u p p l e m e n t ,
Illinois—Bock Island School District.—A statament of
she finances of this district, as recently published by 8, S. page 149.)— S. Hudson, Mayor, The following statement
H.
of Tacoma’s debt, valuation, &c,, has been corrected to date
Kernole. Clerk, is as follows :
Total debt above cash at
1T ax valuation 1 892— $2,249,362 by means of a special report to the C h k o n i c l e from S. C.
hand-.................................. $30,000 ■Population (eat.)................... IT . oOO
Slaughter, City Comptroller. The new 5 per cent water and
Kentucky—Bellevue.—C. W , Nagel, Mayor, We give be light bonds floated this year were issued to purchase the plant
low a statement of the debt and financial condition of Belle of the Tacoma Water & Light Company.
vue on March 1, 1893, which has been furnished us by Chas.
Tacoma is the county seat of Price County. The city has
L. Harrison, City Clerk. In addition to the following, 6 per never defaulted in the payment of principal or interest on any
cent 10-year street improvement bonds have recently been of its obligations.
authorized by the Council. No report from this city ap
R e f u n d in g B o n d s LOANS—
TPAeu Due.
69, A&O, $350,000.. Apr. 15,191 1
C n -r H a l l B o n d s —
p e a r e d in our S t a t e a n d C i t y S u p p l e m e n t .
W a t e r a n d L ig h t B o n d s6s, A&O, $ 2 00,0 00..Apr. 15, 1911
Bellevue is in Campbell County,
58, J&D, $2 ,080,000..June 1,1 913
LO A N S—
A m o u n t . I T ax valaatiou 1393___31,335,000
Street im provem 't b o n d s..$93,700 , Assessment is t* actual value.
School bonds (Series Q.) - -. 10.000 i State tax (p e r 91,00 0).............$5-00
Total debt March i , 1893.403,700 i City t a (per *1,000).............. 13-50
-InVine fu nd............ ........... 10,000 i Population in 1§9 i was......... 3,163
Net debt March 1 . 1 8 0 3 ... 93,700 ) Population lu 1330 w as......... 1,460
O P T IO N A L .—The c ity ’s bonds are subject to call before maturity.
T A X F R EE .—All bonds issued by the city are exem pt front taxa
tion.
PAR V A LU E .—Bonds are fo r $1,000 each.
IN T E R E S T and principal are payable at the office o f the Mercantile
Trust Company, New York.
T O T A L D E B T .—The follow in g statement shows Tacom a’s total
bonded debt, the floatlngdebt, the sinking funds held by the city, and
the net debt, on each o f the dates indicated:
Nov. 1, ’93.
Mar. 15, ’92.
Bonded d ebt...................................................... $2,630,000
$550,000
440,314
572,365
Floating debt (less uncollected taxes).......
Massachusetts—Milford.—(S t a t s a n d C i t y S u p p l e m e n t ,
$1,122,365
Total d ebt................................................ $3,070,314
page 28.)—'The following statement concerning the finances
220,099
Sinking fund a ssets.........................................
21,405
of Milford has been corrected by means of a special report re
$896,266
Net debt.................................................... $3,048,909
ceived from Clifford A. Cojfe. Treasurer.
none.
Water d eb : (included In tota l) .................... $2,080,000
This city is in Worcester County. Property in Milford is
ASSESSED V A L U A T IO N .—The c ity ’s assessed valuation (about 60
assessed at little less than actual value.
per cent o f actual value) and tax rate have been as follow s in the years
LOAN S -
W h e n ZXm , I T otal debt N or. 1, 1883. $82,000
I T a x valu ation 1 8 9 3 ........ 5 ,1 9 8 .3 0 9
K a ILS u a o H o s t * -
6s. F * A. *28 ,000 Aotr. 1 0 ,1 8 3 7 t Total t a x Iner $1,000)
18-30
KBrrsMSfO (Isold ante#)—
1T ax valuation, real ......3 ,9 4 8 ,8 3 2
4***. M A S , 8 5 7 .0 0 0 . .S e p t. 1 5 . '9 4 ‘ T a x valu a tion , personal. 1 ,0 0 8 ,2 7 6
t*r>,700 d u ey’ rlvtto Sept. 15.1903 |Total valuation 1892 ...4 ,9 1 5 ,1 0 8
Bonded debt Nov. 1 , 1893.925.000 City tax (per $1,000) _____816-00
It-tit.........
»
'■
'
'1 1
-
9,7.40
IN T E R E S T on the bonded debt is payable at the National B ide A
Leather Bank. Boston, M as,.; on the floating debt at the M ilford
Savings Bank,
— --------------- Assessed Valuation.-------------------> Tax r a t e |
Tears.
Heat.
Personal.
Total.
Per $1,000
1693.................. $37,553,443
$4,070,030
$41,623,475
$23 33
1892 ...................... 39.955.293
4,945,162
44 900.455
1150
1891......................................... .
............
32,318,941
............
The tax rate as given above T or 1893 Inoludes c ity ta x proper, $10
and all other taxes $13 33.
P O P U L A T IO N .—F or 1893 is estim ated at 55,000; ill 1890 it was
63.006; in 1880 It was 1,098.
CHICAGO.
CHICAGO.
The
E q u it a b le T r u s t C o m p a n y
18S D E A R B O K N
named:
S T ., C H IC A G O .
Title Guarantee & Trust Illinois Trust & Savings
Bank.
Company
OF
- - $500,000
S U R P L U S ,..................
- -
50,000
A U T H O R IZ E D B Y L A W T O R E C E IV E and e x o f e v e ry ch a ra cter fro m c oa rt*, co rp o ra H o s ts a n d t n d ir id a a i* . T a k e * e n t i r e c h a r g e o f e s t a t e s ,
r e a l -and p e r s o n a l. A c t s a s a g e n t f o r t h e r e g i s t r a
t io n a n d tra n s fe r o f b o n d s a n d s to ck s a n d t h e p a y
m e n t o f o o a p o a s . I n t e r e s t a n d d iv id e n d * . A leg a l
d e p o s ito r y f o r c o a r t a n d tr u s t fu n d s .
IN T E R E S T A L L O W E D ON D E P O S IT S o f m o n e y
w h ic h m a y b e m ad© a t a n y t im e a n d w it h d r a w n a f t e r
f i r e d a y * ’ n o t i c e , o r a t a fix e d d a t e .
T R U S T F U N D S A N D T R U S T IN V E S T M E N T ?
a r e k e p t s e p a ra te a n d a p a rt fr o m th e a sse ts o f th e
me e t r a i t *
e c tm
D IR E C T O R S .
JuZJEL F . H A T C H ,
C H A S . HL H U L B U R D .
M . W . K E R W IN .
G E O , N. C U L V E R ,
H A R R Y RU BEN S,
M A U R IC E B 0 8 K N F E L D ,
X B. W ALSH ,
SAM UEL U. W A R D .
OTTO YOUNG.
O F F IC E R S :
S R. W ALSH, President,
C H A S , H , H U L B U R D . V ic e -P r e s id e n t
S A M U E L D . W A R D , T rea sa rer.
L Y M A N A . W A L T O N . S ecreta ry
J a m ie s o n
&
I
Me*
Y ork
G U A R A N T E E S T IT L E S TO R E A L E S T A T E .
M A K E S A B S T R A C T S O F T IT L E .
O ile r s I n v e n t o r a In r e a l e e t a t e s e c u r it i e s
p r o te c tio n a ffo r d e d b y n o o t h e r sy ste m o f
d o i n g b u s ln © * * .
I s a u t h o r is e d b y la w t o a c t a* R e g is t r a r o f S t o c k a
a n d B o n d * . E x e c u t o r , R e c e iv e r a n d T r u s t e e f o r
E s ta te * . S y n d ic a te * , I n d iv id u a ls a n d C o r p o r a t io n s .
T r u s t m o n e y s a n d t r u s t s e c u r it ie s k e p t s e p a r a t e
f r o m t h e a s s e ts o f t h e C o m p a n y .
C O R R E S PO N D E N C E S O L IC IT E D .
O F F IC E R S :
G W Y N N G A R N E T T , P r e s id e n t ,
A . H . S E L L E R S , V i c e - P r e s id e n t ,
A R C H IB A L D A . S T E W A R T . S ecretary.
C H A S. R . L A R K A B E E , Treasurer.
F R A N K H . S E L L E R S , T r u s t O fficer.
D IR E C T O R S :
G a r n e t t,
C h a s . W . D re w ,
fo o t.
J o h n P . W ils o n ,
________ C h a s e .
E d s o n K e ith ,
J o h n O. S h o r t a ll,
G eo. M . R ogue,
John D eK oven,
A . H . S e ile rs .
S a m u e l B . C h a se,
COU NSEL:
W . a G oody,
J o h n P . W ils o n ,
A. W . G r e e n .
A. M . P e n c e .
C o .,
— B oan os,
and Chiowo Stock EUcbamtej.
M L 1 B
mm MorUnam t o r « U # la i w s * a n d
uroaii a m o u n t ,.
n p r o v w l a n d ta e o n > * .t * » r t n # C h l « * a t i t y
7 r lB T l.n l „
i
‘ >7
l a u m t p a y a b l a In O a l d ,
OORBJB8 PO WDINCTI 9 0 1 4 0 7 * 0 .
SCHAFFNER
154 La Salle Street,
St C O ,
PAPER,
- Chicago, 111,
O. Slaughter & Co.,
B A N K E R S
S T R E E T , C H IC A G O ,
Mttlmr tn.MUir. t . m and 6 par Mnt. m
HERMAN
4 . 0 . S L A U G H T E R . M o m bar N . Y , S t o c k E x c h a n g e .
W M . V . B A K E R , M e m b e r C h ic a g o S t o c k R x o h a m te .
Loeb 6c Gatzert,
LA
Becker,
C O M M E R C IA L
P r in t* w in ho New York and Philadelphia.
M O R TG A G E
G .
SCCCSSaOB TO
187 O U B B O K K S T R E E T .
( b l c » , o . 111..
H i
ST R E E T.
C a p i t a l , p a i d - u p ..................................... 9 1 , 9 0 0 , 0 0 0
U n d iv id e d e a r n in g s , in c lu d in g
a i i r p i u * .......... .
* 3 9 ,0 0 0
D e p o s it e d w it h H ra te A u d it o r . .
* 3 0 0 ,0 0 0
A .
s to c k s
C H IC A G O , IL L .
C H ICA G O ,
W J , 9 4 dfc 9 « W A S H I N G T O N
CAPITAL, PAID UP, -
CHICAGO.
B A N K E R S ,
1 1 1 .1 1 3 L A
SA LLB
ST R E E T,
C A P I T A !, A N D 8 P R P L P 8 ,
8 3 .3 0 0 ,0 0 0
T h is B a n k Is d i r e c t l y u n d e r t h e J n r lid lo U o n a r t
*nj>erT tsiou o / t h e S t a t e o f I ll i n o i s ! Is a .
__________
______ ___ ^ r v l
C O R P O R A T IO N F .
O F F IC E R 8 *.
J o h n J . M it c h e ll, P r e s id e n t .
J o h n B , D ra k e , V lo e -P r e s t d e n t .
W m . H . M it c h e ll, S e c o n d V 'l o e -P r c l d e n t ,
W m , H . R e id , T h ir d Y lo e - P r e s t o e a *
J a m e s 8 O tb b s, C a ah ’r . B . M . C h a t te ll, A s s 't O a ik ’ r
D IR E C T O R S
J o h n M c C a fle ry ,
J o h n B . D ra k e'
L . Z . L e it e r ,
W m , H . B eta ,
W m . 11. M it c h e l l
J o l i n J . M it c h e
W m , O. H ib b a r d ,
J . O. M cM u llIn ,
0. B. Shipman,
3. Ogden Armour.
F r e d e r ic k T . H a s k .l l
1803,
The United States Life
Insurance Co.
1850.
IN
T H E
C IT Y
O F
N E W
Y O R K .
O F F IC E R S .
R E D R O E H . B U R F O R 0 , P r e e ld e n l.
0 , P . F R A L E I G H , .................................................. S e c r e t a r y .
A . W H E E L W R I G H T ....................A s s is t a n t S e c r e t a r y
W M . T . 8 T A N D E N . . . . .............................................A c t u a r y
A R T H O R C . P E R R Y ..................................................C a s h ie r
J O H N P . M U N N .......................................M e d ica l D ir e c t o r
F I N A N C E C O M M IT T E E .
G E O . G . W I L L I A M S ............ . . P r e s . O h e m . N a t. B a n k
J U L I U S C A T L I N . . . .................................... . . . . D r y G o o d s
J O H N J . T U C K E R .......................................................B u ild e r
E. H . P E R K I N S , J it., P r e s . I m p . & T r a d e r s ' N a t . B ’k
T h e t w o m o s t p o p n la r pla n s; o f L I F E I N S U R A N C E
a r e t h e C O N T I N U A B L E T E R M P O L I C Y w h ic h
g iv e * t o t h e In su red t h e (c r e a t e it p o s s ib le a m o u n t o f
in d e m n ity lu t h e even t, o f d e a th , at t h e l o w e s t p o s s i
ble present cash outlay; and t h e G U A R A N T E E D
1N C O M K P O L I C Y w h ic h e m b r a c e s e v e r y v a lu a b le
feature of I n v e s t m e n t I n su ra n ce , a n d w h ic h In t h e
^ r a s ° /) o t L I & i Tl ! r rKkM
¥ r o U
n
5 & K
t o t h e e x t e n t o f t h e f u ll le g a l r e s e r v e v a lu e t h e r e o f ■
In a c c o r d a n c e w ith t h e t e r m s a n d c o n d it io n s o f t h e s e
p o lic ie s .
are^nvltSPto address®J°. s T c f/l | V n K
I n t e n d e n t o f A g e n c ie s a t H o m e O ffice.
Arch’d. J . C. Anderson,
C H IC A G O , IL L S .
O k l o u e S w i r l t lw i B ough t c a d S o ld .
-
INTEREST ALLOW ED ON DEPOSITS.
P U B L IC
199
W a ter
AC JO O U N TAN T,
S treet,
N EW
Y O R K .
THE CHRONICLE.
X
© o ilo n
ffinanctaL
© J O tlO tt.
W O O DW ARD
& ST IL L M \N , IN M A N , SW A N N & Co
COTTON
fVoL. L V II.
16 to 22 WILLIAM STREET.
Hatch
M em b ers o f N . Y . S tock a n d P r o d u ce E x ch a n ges,
W. T. Hatch & Sons,
96 Broadway & 6 W all St., New York.
C O TT O N M E R C H A N TS,
MERCHANTS,
W a lte r T. H a tc h ,
H e n r y P r e s c o tt H a tc h ,
A r t h u r M e lv in
D e a le r s in I n v e s t m e n t s t o c k s a n d b o n d s .
P e r s o n a l a t t e n t io n g iv e n a t t h e N . Y . S t o c k E x
c h a n g e f o r t h e p u r c h a s e a n d s a le o n c o m m is s io n o 1
s t o c k s a n d b o n d s f o r c a s h o r o n m a r g in .
N ew Y o r k .
I n t e r e s t a llo w e d o n d e p o s it s , s u b j e c t t o d r a f t a t
s ig h t .
COTTON OF ALL GRADES SUITABLE
TO WANTS OF AMERICAN SPINNERS.
Lehm
an
Henry Hentz & Co.,
, S t e r n & C o „ L im it e d , N e w O rle a n s , L a .
C o „ M o n t g o m e r y , A la .
L it t m a n -D ttrk
LEHMAN
BROS.,
COMMISSION
16
22
to
MERCHANTS,
W illia m
S treet, N e w
1XH C U TB ORD ERS FO B
Y o rk ,
F U T U R E D E L IV E R Y
C O M M IS S IO N M E R C H A N T S ,
C O T T O N
No. 40 Exchange Place,
F. H. Prince &
a t th e N E W Y O R K , L IV E R P O O L A N D N E W O R .
L E A N S C O T T O N E X C H A N G E S . A ls o o rd e rs fo r
N E W
Y O R K .
M EM BERS OF TH E
STOCK, COTTON , CO F
o r k
BANKERS
B O S T O N ,
M A S S
C O F F E E
FE E AN D PRODUCE EXCH AN G ES,
New Y
C c.,
a t t h e N E W Y O R K C O F F E E E X C H A N G E , and
G R A IN
.
O r d e r s e x e c u t e d o n t h e a b o v e E x c h a n g e s as w e ll
a s i n N e w O rle a n s , C h ic a g o a n d f o r e i g n m a r k e t s .
AND
HIGH BRAHE INVESTMENTS.
P R O V IS IO N S
at th e N E W Y O R K P R O D U C E E X C H A N G E and
th e C H IC A G O B O A R D O F T R A D E .
M em b ers o f N ew Y o rk an d B o s to n S tock E x ch an ges*
P r i v a t e w ir e s t o a ll im p o r t a n t p o in t s N o r t h , S o u th ,
E a st an d W est.
Hubbard, Price & Co., Atwood Violett & Co.,
C O T T O N E X C H A N G E B U IL D IN G ,
N EW Y O R K .
B A N K E R S
General Commission Merchants.
M em bers N ew Y o rk S to ck E x ch a n g e , N ew Y o rk
C o t t o n E x c h a n g e , N e w Y o r k P r o d u c e E x c h a n g e , N ew
Y o r k C o ffe e E x c h a n g e , C h ic a g o B o a r d o f T r a d e .
O r d e r s e x e c u t e d o n a n y o f t h e T ib o v e E x c h a n g e s ,
a l s o f o r p u r c n a s e a n d s a le o f c o t t o n f o r f o f e s 'e d e
l iv e r y in N e w O rle a n s a n d L i v e r p o o l . L ih e r a i a d
v a n c e s m a d e o n c o t t o n c o n s ig n m e n t s .
P R IC E ,
R E ID
S p e c ia l a t t e n t io n g i v e n t o o r d e r s f o r c o t t o n
f o r e i g n o r d o m e s t ic s h ip m e n t .
N EW Y O R K ,
5 4 -5 6 B ro a d S treet.
J. O. BLOSS.
fo r
Hopkins,Dwight & Co.,
COTTON
N EW
COMMISSION
R oom
Members New York Stock Exchange,
18
W A L L
MERCHANTS
NEW YORK.
L u c iu s H o p k in s S m ith .
S a m u e l H o p k in s .
1 6 «fc 1 8 E x c h a n g e P l a c e ,
C O M M IS S IO N
N ew
Y ork .
Y O R K .
A lbe rt L. Rountree
H A T C II
C O T T O N E X C H A N G E B U IL D IN G . H EW
Y O R K , and N O R F O L K , V A .
C O T T O N . C O F F E E , G R A IN , P R O V IS IO N S
STO C K S.
AND
A. A. Goldsmith, Agt.
7
I m p o r t e r s o f E g y p t ia n C o t t o n .
C H A R L E S T O N , 8 . C .;
PLANTA
Geo. H .M c F adden & Bro.
SULPHUR
M E R C H A N T S ,
P H IL A D E L P H IA .
A le x a n d r ia , >
L iv e r p o o l.
(
MINES
L i v e r p o o l Co k r e s p o n d e n t s ,
F R E D E R IC K
COMPANY,
S T . 1 ,0 rID , H O .
J . Spencer Turner,
O F V IR G IN IA ,
H ig h -G r a d e P y r i t e s , f r e e f r o m A r s e n ic .
e
.
W
m
FOR
G R A IN
F U T U R E D E L IV E R Y .
A
CO.
y
.
B. F. Ev a n
s
, S p e o la l.
Geo. Copeland & Co.,
1 2 9 P e a rl S treet,
A N D
Z E R E G A
. Ba
C O T T O N
C O T T O N
SUCCESSOR TO
O O T T O N
B R O K E R S ,
-
-
N ew Y o rk .
C o t t o n la n d e d a t m illB f r o m S o u t h e r n m a r k e t s a
s p e c ia lt y .
O r d e r s f o r f u t u r e d e l iv e r y c o n t r a c t s
e x e cu te d on N ew Y o rk C otton E x ch a n g e.
A
f u l l s u p p ly
stock .
STO C K
DRBXEL
B U IL D IN G ,
P H IL A D E L P H IA .
P r i v a t e w ir e s t o N e w Y o r k S t o c k a n d
E x c h a n g e s a n d C h ic a g o B o a r d o f T r a d e .
C otton
R . T . Wilson & Co.,
BANKERS
S3
AND
C O M M IS S IO N
M ERCHANTS.
W a ll
S treet,
Y ork ,
N ew
R. H. ROUNTREE & CO.,
C otton ,
B R O K E R S ,
G r a in ,
C o iT e e
and
P r o v is io n
C o m m is s io n M e r c h a n t s .
C o t t o n E x c h a n g e B u ild in g ,
N EW Y O R K .
C O R R E S P O N D E N C E IN V IT E D .
Fifth Avenue Hotel,
M a d is o n
S qu are, N ew
Y o rk .
T h e la r g e s t, b e s t -a p p o in t e d a n d m o s t lib e r a lly
m a n a g e d h o t e l In t h e c it y , w it h t h e m o s t c e n t r a l
a n d d e l ig h t fu l l o c a t io n .
H I T C H C O C K . D A R L I N G 3 OO.
D U C K
STA TE S
B U N T IN G C O .
a ll W i d t h s a n d C o lo r s , a lw a y s In
1 0 9 D u a n e str e e t.
Bliss, Fabyan & Co.,
N EW
Y O R K , B O S T O N ,P H I L A D E L P H I A .
Se l l in g
Frederick Paxson & Co.,
SA IL
AND ALL KINDS OF
OTTON CANVAS FELTING DUCK,
OAR COVERING BAGGING,
RAVEN8 DUCK, SAIL TWINE, &C.,
POPE “ AWNING” 8TRIPE8.
A gent
U N IT E D
M . T . Ma in
Y O R K
MANUFACTURER AND DEALER IN
«< C f* 0 .,
•
— ) : o : ( ------
F O O T E , B an k ers,
ST R E E T. N EW
B r in c k e r lio f f, T u r n e r & C o .,
C o r r e s p o n d e n c e S o lic it e d .
A g e n c y of
J.
&
PIN E
Capital, - £ 5 .0 0 ,0 0 0 I Surplus, - 6 3 2 5 .0 0 0
PETER NICHOLSON, President,
ALVAH MANSUR, Vice-President.
WALKER HILL, Cashier.
We send direct to every banking point in M o .
S A M P L E S A N D P IC K IN G S A S P E C IA L T Y .
C O T T O N
Y O R K ,
American Exchange Bank,
M ERCH ANTS,
M e m b e r s o f t h e C o t t o n , C o ffe e a n d P r o d u c e E x c h ’s.
N E W
5 1-2 to 6 per cent interest,
COTTON BROKER.
Crenshaw & Wisner,
S T R E E T ,
We have for sale first class bonds, paying
well secured, and which we are confident will sell
higher in the future.
C O M M IS S IO N M E R C H A N T S
PRO D U CE
B O N D S
Cahoone & Wescott,
W. D. Rountree & Co.,
O IL ,
52> C o tto n E x c h a g e B u ild in g .
G u s ta v u s O. H o p k in s ,
C h a r le s D . M ille r ,
S t r e e t ,
S T A T E S
B o u g h t a n d 8 o ld by
M E R C H A N T S ,
W i l l i a m
W . D. Rou n tree.
AND
SO U TH ERN
U N IT E D
N EW O RLE AN S,
1 9 0 C om m on S treet.
G s o . H . CHURCH, S p e cia l
2 2
COTTON SEED
B R O K E R S .
J . O. BLOSS & CO.,
<fc C O . ,
N o r fo lk , V a .
CO TTON ,
AND
C o n t r a c t s f o r C o t t o n F u t u r e D e li v e r y e x e c u t e d o n
t h e . L i v e r p o o l , N e w O r le a n s a n d N ew
Y o rk E x ch a n g es.
BR O W N
A
gen ts f o r
Lead
in g
B
rands
and B L E A C H E D
S H IR T IN G S
an d S H E E T IN G S ,
PRTNT8, DENIMS, TICKS, DUCKS, AO.
T o w e ls , Q u ilt s , W h it e G o o d s a n d H o s ie r y -
D r i l ls , S h e e tin g s , <£c., f o r E x p o r t T r a d e .
Edward E. Higgins,
Expert in Street Riilway Values and
Economies.
H U LLS
B U IL D IN G , W A L L
N E W
Y O K E .
N T ..
@FedFRASER