Full text of Commercial and Financial Chronicle : February 23, 1895, Vol. 60, No. 1548

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\

HUNT’S MERCHANTS’
S t t ffffe ljj

MAGAZINE,

§ iiW S J J a p Î Ï ,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES«
[Entered according to Act o f Congress, in the year 1895, by tbe

VOL. 60.

W il l ia m

B.

D a n a Co m p a n y ,

SATURDAY, FEBRUARY 23, 1895.

W eek ending February 10.

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n e w
YORK.

CLEARING HOUSE RETURNS.

Return* by Telegrayh.
New York.......................

1895.

1894.

Per Cent.

235,800
963,080,690'

103JT3.P01
8,980.100
2,072.993
1,374,017
1,449,007
1 391.366
1,260.008
853.844
776.8r 8
488,766
121,680,263

68,806,970
6 125,600
2.073,536
1.231,412
1 276,284
1,304,858
1,276,886

+0*1
—5*1
+26*7
+17-2
+20*!
—3*C
-)34*0
+21*£
+40 2
+3*4
+23!
+8*5
+7*4
+16*4
+16*3
-16*7
+2*8

96.881.878
15.458.450
8.496.023
7,004,347
5.606.270
8,412,700
1,666,600
893.655
1,002.719
40 3.020
388,682
396,921
240.0(0
189.812
160,000

96,324,907
14.560.909
5.900,871
6.293,689
6.152,591
3,022,100
2,026,502
2,f 69,159
861039
469.916
362,146

108,086,080

72.278.849
12.471.85C
4 211,550
4.8*0,600
3.887.35«
2.728,00«
1,415.68!
978.113
672.762
326,101
280,415
228,695
164,61£
142.421
114,005
180.421
230.430
105,131,878

141,154,477

186,089,378

+0*3
+28-7
+12*2
-20*9
-2 7 8
+831
-27*4
-)49*6
-61*0
—21*5
+11

15.489.321
1,973,123
1,337,539
1,131.600
1.089.'-94
882.057
750.798
816,976
182,133

15,441,968
1.703,185
1,616,477
929,393
782,813
844,208

19,632,362

13.831.468
322.779
1,050,193
047,020
737,031
965.301
763.260
250.318
130.143
126,961
19.324,774

23,652,971

21,438,042

8.578.944
4,808,596
4.177.048
3,119,331
2.655,831
1.946.959
1,456,295
617.716
749,636
415,762
512,»20
454,530
71,581
29,464,947

-12*1
-15*6
-9 * 9
+26*4
—2*3
—12*7
—15*6
-5 * 5
+11*6
-17*0
+7*9
—1*8
-29*2
-3 * 3

10.9?8.PB8
6.837.734
7.557,196
4,895,488
5.269,619
2.221.496
2.005.661
1.180.861
1,037,631
5)0,440
535,600
892,54»
85,000
43,467,742

8,640,391
7,080.142
4.930,920
4,816,535
4,922,488
1.995,000
1.760,020
1,029,545
664,856
623,970
547,261
364,616

1,465,673
737,705
850,000
1,225,000
268,853
390,2 2r
190,755
276,703
50,326,382

20.541,548
10.065,040
6,584,484
23*9,532
2.578,865
2.107.234
1,476,799
1,316,439
808.034
1,303.999
1,036,638
855,824
675.000
850.000
335 282
477.105
210,688

—2*1
-35*1
—1*6
—13*3
-11*9
+4*5
+43*5
+32*4
—6*2
—26*5
+40*4
-13*8
+25*9
4-44*1
-22*4
-18*2
—9*5

24.204,940
11,771.864
8.638,042
3,274.805
3.372.470
2,982,069
2.078.72' 1
2.222.165
2 290,961
1.600.000
1.079.094
920.683
64*2.809
442.044
479.376
580,327
479,766

25,033.694
11.940,870
7,308,840
2,715,473
2,007,807
2.237,393
1,956,091
3,927,127
1,826,094
1,478,418

63,557,411

—6*0

66,299,636

64,237,497

Total all........ .

841,969.943

804.124,504

+4*7 1,268,887,438 1

Outside N. York.

384,667,623

873,387,384

+ 3-0

613,105,770

8.914.9 >5
4.6-8.050
903,146
680.520
679,884
15 766 545

—1*1
—1*0
4-8*4
—6*é
+15*8
—0*1

10,389,419
5,712,861
823,863

8.972,632
5.172,611
1,075,728

737,904
16.664.047

836.020

Chicago...................
Cincinnati.............
Milwaukee............
D etroit...................
Cleveland..............
C olum bus..............
P eoria....................
Indianapolis........
Grand Rapids......
L e x in g to n ............
Saginaw.................
Bay City................
A k ron .....................
Springfield, Ohio..
Canton...................

H elena..............
Spokane............
Sioux Falls.......
Fargo.................
Total Pacific.

$307,602,262
50,012,061
34,735,963
8,195,176
55,288,992
15,429,213
6,365,990

- 1*7
- 5-4
+13*6
- 11*6
- 0-4
- 69
- 9-3

Seven cities, 5 days...... .

$471,528,406
99,493,278

$477,629,657
96,462,928

— 1-3
+ 31

Total all cities, 5 days....
All oltles, 1 day.....................

$571,021,684
150,207,310

$574,092,585
146,357,484

- 0-6
+ 2-6 St. L ouis................

Total all cities for week..

$721,228,994

$720,450,069

+ 01

The full details of clearings for the week covered by the
above statement will be given next Saturday. W e cannot, of
oourse, furnish them to-day, bank clearings being made up by
tiie various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night.
Our usual detailed figures for the previous week, covering
the returns for the period ending with Saturday noon, Febru­
ary 16, are given below, and we also present the results for the
corresponding week in 1894, 1893 and 1892. In comparison
with the preceding week there is a decrease in the aggregate
exchanges of thirty-nine and a-half millions of dollars, the
loss at New York being twenty-six and a-half millions. Con­
trasted with the week of 1894 the total for the whole country
shows an excess of 4*7 per cent. Compared with the week
of 1893 the current returns record a falling off of 33 7 per
cent and the loss from 1892 is 86‘4 per cent. Outside of New

f

+10*5
+19-5
+22*$
—6*3
—24*J
—1*J
+10*(
—8*i
+9*4
—38*0
+9*5

W orcester.........
Portland...........
Fall R iv er.. ...
L o w e ll.............E l
New B edford........
T otal New Eng..

2
9
5

1892.

69.471,026
8.986.40C
1,529.45!
1 223,63«
1,623.74'
1.070,304
1.020.26Ì
760.41!
521.83!
611,839
81,818,480

Springfield.......

1
0
2
4
9
6
9
4
1
7
•89,030,724

1893.

257,600
872,632,345

H artford..........
New H a ven ....

0
2
2
9
2
3
4
2
3
9
0
645,91,0,776
6

*
430.737.141
52.0C9.03C
11.221.341
12,212.49:
3,474.90:
1.481.88«
1,268,952
756,48:
799.172
526,41«
279,70c
514.t27.014

1895.

P . Cent

837,872,02V
87.218,198
13.761,000
10.242.051
3.501,98®
1 816.860
1*99,000
810,828
822,008

$302,322,082
47,305,876
39,457,944
7,246,408
55,055,236
14,364,407
5,776,453

Philadelphia..........................
Baltimore.............................
Chicago.__ ____ _____ .....
f i t Louis...............................
New Orleans........................

1894.

+6-!
+11*!
—2-:
—11-6
—7*<
+12-6
+36*:
-o*o:
—18*i
+16*6
-0*4
+60

The following table, made up by telegraph, etc., Indicates
that the total bank clearings of all the clearing houses of the Rockford..............
United States for the week ending to-day, February 23, have Kalamazoo............
Tot. Mid. W eat’n,
been $721,223,994, against $841,969,943 last week and $720,
San F rancisco..
450,069 the corresponding week of last year. The totals in P ortland...........
Lake City..
both years cover only five business days, Washington’s birth­ Salt
Seattle..............
Tacom a............
day having intervened.
Los Angeles....
W eek Ending February 23.

1895.

S
765.781,863
76.9P6.345
13.4e3.625
16.933.401
4,4«0112
2,888.601
1.468 496
i 61,890
1,021,712

f

CLEARINGS.

NO. 1548.

York the excess over 1894 is 3*0 per cent, the loss from 1893
reaches 25*1 per cent and from 1892 is 20’7 per cent.

( S f a v o u it h .




In the offlee of the Librarian of Oongreae.]

Kansas City..........
Minneapolis..........
Omaha....................
St. P aul..................
D e n ve r..................
Duluth .1................
St. Joseph.............
Sioux C ity.............
Des M oines...........
L in coln ..................
W ichita........... .
Topeka...................
Frem ont................
Tot. other W est

New Orleans..........
Louisville..............
Galveston..............
H ouston.................
R ichm ond..............
Savannah..............
Memphis................
Nashville...............
Atlanta..................
Dallas.....................
N orfolk..................
W aco......................
Fort W orth...........
Birmingham..........
Jacksonville.........
Chattanooga..........
Little Rock*..........
T otal Southern.

3
9
3
3

1,230,86'
345,001

23,494,083

2.271,694

M ontreal...........
T o ro n to ............

H alifax...............

W innipeg..........
Hamilton..........
Total Canada..
* N ot included in totalst

895.188
492,070
102.481,748

120,000

37,330,749

1 ,000,000

960,020
481,940
628,690
480.334

386,500

THE CHRONICLE.

322

[Y OXa« LX ;

with the syndicate were concluded February 8. On
February 7, the day before the signing of the contract,
Another week has served only to confirm the general there were no sales of the old coupon Government 4 s;
belief in the wisdom of the course pursued by the the bid price was down to 110— six points off from
President to restore the credit of the Government and the sales the week Congress came together, and if
the confidence of the public. Very naturally regret an investor had at that time pressed a round lot
has been expressed by some because no better of Government 4s for sale we hazard nothing in saying
price was obtained by the Treasury for the bonds, he would have had to accept a considerably lower figure
the price at which they were sold by the syndicate than the quotation named. Now that is what Con­
being thoughtlessly taken as the gauge or near gress did; but not by any means all the evil its action
the gauge of the worth of the security at the would have wrought had the bond contract been de­
moment of the execution of the original contract. layed another week. What has the President done ?
In our relieved condition we so quickly lose the sense When he saw that hope of help from Congress was gone
of the danger we were in, the need there was for he sought out those whose credit was second to none
instant action, and the fearful catastrophe we have in the world— virtually got their endorsement— and
escaped, that our opinions take their shape from the sur­ made the best terms he could with them for replenish­
roundings which the success of the loan has brought ing the Government gold reserve. Thereby he rescued
us into. We are apt to forget, too, that the high us from a great disaster, and besides that, his action
prices quoted for the bonds this week in London and the names of those whose co-operation his action
are the measure of the influence of our backers had secured, removed the taint from the Government
and of the marvel they have wrought rather than credit and has brought back the price of its old 4 per
of the credit of our bonds in the money markets cent bonds to 113, and no doubt the price will soon be
of Europe before the contract was signed. The last where it was when the session of Congress began.
But some say that the syndicate has made a large
bond sale made to opr banks demonstrated clearly
enough the futility of our home market a3 a depend­ lot of money out of the transaction, as if that were
ence for relief; while the subsequent large loss of gold blameworthy. Its work is not done yet. Besides no
We know as little as
from onr visible supply by export and hoarding, to­ one has seen the balance sheet.
gether with the ruling rates here for foreign exchange, others about the amount, though we presume it will
give added proof that we were helpless without our show a profit when the syndicate's undertaking is com ­
foreign connection and that it is the source of our pleted, for the members of it are shrewd men and are in
business like the rest of us for that purpose. Of one fact
present success and strength.
There is still further evidence, reflected in part in the we are certain— they have done a marvelous work in
record of prices, of the change to a lower level that had saving our standard of values, and in restoring the credit
recently taken place in the worth of our bonds and was of the Government by coming to its aid at a moment
in progress up to the date of the syndicate contract. of extreme need, and we caunot see why under such
Congress, it will be remembered, had been engaged, circumstances they are not entitled to their gains.
day by day, ever since the current session began, in Those who purchased Government bonds in the time
work destructive of the Government credit. We do of the War made a very large profit— we always thought
not say that such was its intention, but that was the they deserved it. They bought the bonds at a time
effect. Note the facts as they have developed. On Dec­ when the people who afterwards criticised them were
ember 1 and on December 3 (the latter being the day as a rule at least half in sympathy with those who were
Congress came together) the old Government coupon 4 endeavoring to disrupt the Government. The position
per cents were quoted at 116 b id ; on December 5 and of the present syndicate and their critics is not so very
December 11 there were sales at that figure. There­ different; the difference consists mainly in the fact
upon a decline set in which was slow but continued that then we were fighting for the Government and
until the price had dropped to 113 bid January 4. now we are fighting for our standard of values. Some
During the rest of that month down to very near the insist that the President might have made better
It is very questionable, as we
closing day the public remained hopeful and there was terms. That we deny.
said
last
week,
whether
any
other combination of capital
no change in price; but in the last week of January—
was
within
the
reach
of
the
Government which could
the week when we stated in this column that “ the
have
effected
what
the
syndicate
has. We repeat that
apathy and actual hostility which Congress had ex­
a
bond
offering
in
this
country
for
gold would have
hibited of late with reference to any legislation tending
Besides
to reinforce and strengthen the power of the Treasury precipitated a crisis instead of relieving oae.
to keep our gold dollar, our silver dollar and our paper the syndicate had to be perfected and become operative
dollar convertible, has been the strangest and most at once.
At the close of Thursday the syndicate had paid
unaccountable attitude ever shown by any legislative
body of which we have the history ''— that week the into the Sub-Treasury and other designated deposito­
decline set in again, the bid price on February 1 of ries 1,893,102-02 ounces of gold, valued at $34,040,.these same bonds being only 111$—a loss in Govern­ 500 85, calling for $32,576,319 92 of bonds ; also the
syndicate has paid into the Treasury $1,123,000 gold,,
ment credit since Congress met of 4§ points.
That was the eventful week. We set forth last for which legal tenders were exchanged, this being
Saturday the peril in which our standard of values was, in excess of payments on the American half of the
and the panicky feeling which prevailed January 31 bond account. The net gold in the Treasury reported
and on the morning of February 1, exposing to loss, if Thursday, the 21st of February, was $68,708,823 26
not speedily arrested, the last dollar of the Govern­ against $48,843,668 on Saturday, February 16, and
The
ment's gold reserve. It is needless to rehearse those $41,340,181, the low point, on February 12.
bank
statement
of
last
week
failed
to
reflect
the
large
matters again.
The condition of the Government
credit as expressed in the market value of its securi­ payments into the Treasury on bond account because
ties is the point of interest now. The negotiations the receipts for the gold so paid were oounted as cash*

THE FINANCIAL




SITUATION.

February 23, 1895.)

THE CHRONICLE.

and therefore the changes in the statement were only
normal, showing a loss of $1,204,600 loans and $882,800
cash, while the deposits were reduced $2,520,000, mak­
ing a decrease of only $252,800 in the surplus reserve.
This was regarded as an indication that the money
market would not be disturbed, at least for the present,
by the bond settlements.
Call loans at the Stock Exchange have been offered
at 1 per cent, and though some loans were made at 1$
per cent the bulk of the business for the remainder of
the week was at 1 per cent and the average about 1$
per cent. Banks and trust companies who held out for
1£@2 per oent early in the week loaned at 1 per cent
on Wednesday and thereafter. There were few offer­
ings of money on time, the large lenders being out of
the market temporarily, and the demand was not ur­
gent. Bates are 2 per cent nominal for thirty days;
3@ 3$ per cent for sixty to ninety days; and 4@4$
per cent for four to six months on good active Stock
Exchange collateral. It was likewise reported that mon­
ey could be obtained at 5 per oent for eight months on
good rsecurity. Commercial paper is in fair supply,
and there are some indications of a speedy increase in
the offeriugs. The demand is somewhat restricted at
the moment, though first-class names sell readily.
Quotations are 3$@4 per cent for sixty to ninety day
endorsed bills receivable; 4J per cent for four months
commission house names; 4$@5 per cent for prime
four months, 5@5$ per cent for prime six months and
6@8 per cent for good four to six months4 single
names.
With the exception of some hardening of the disoount rate in London in consequence of further with­
drawals of gold for America, there has been no feature
of importance in the European situation this week.
The Bank of England minimum rate of discount re­
mains unchanged at 2 per cent. The cable reports
discounts of sixty to ninety day bank bills in London
l f @ l $ per cent. The open market rate at Paris is 1$ per
eent, at Berlin and Frankfort it is 1$ per cent. Accor­
ding to our special cable from London the Bank of
England gained £458,323 bullion this week and held at
the close of the week £37,502,178. Our correspondent
further advises us that the gain was due to receipts
from the interior of Great Britain of £845,000, to im­
ports of £73,000 (of which £27,000 was from Egypt,
£12,000 from Australia, £10,000 from Boumania,
£11,000 bought in the open market and £13,000 from
miscellaneous sources),and to the export of £460,000, of
which £270,000 were to the Argentine Bepublic and
£190,000 miscellaneous.
The foreign exchange market was dull andffrm until
Wednesday, apparently waiting for the effects of the
offering of the new 4 per cent loan. On Tuesday after­
noon there was a movement which some bankers re­
garded as indicative of an early fall in rates, and on
Wednesday there were some offerings of bills by a house
supposed to be acting in the interest of the BalmontMorgan syndicate, and at the same time there was good
buying of stocks and bonds for European account,
which, together, caused quotations for actual busi­
ness
in sterling to fall
off about $ of a
cent per pound; but later in the day there
was a partial rally, due to a renewal of the de­
mand, and the tone was firmer at the close. One of
the leading bankers claimed that the market was influ­
enced mainly by sentiment, based upon a probability
that the success of the American loan and the conse­
quent rehabilitation of the Treasury gold reserve




323

would so far inspire confidence in the situation as to
encourage purchases of American securities, and this
would naturally bring about lower rates of exchange.
The tone at the close on Thursday (Friday being a
holiday) was quite strong. The following table shows
the daily posted rates for sterling by leading drawers.
Fri.,
Mon..
Tues.,
W ed.,
Feb. 15. F eb. 18. Feb. 19. F eb. 20.
87«
87«
87«
£2*
Brown B r o s . . . . { g ° $ ? . 8••
. 89
89
89
89
Baring,
(60 days . 8 7 «
88
88
88
Magonn k Oo. ( Sight....
89«
89«
89«
Bank British
( 60 days. . 89
88
89
89
No. America.. ( Sight.... . 8 3 «
89«
89«
89«
Bank o f
(60 days. . 88
88
88
88
Montreal........( Sight.... . 8 9 «
89«
89«
89«
Canadian Bank (60 days . 88
88
88
89
o f Commerce. (Sight... . 89
89
89
89
Heldelbach.Ick- (60 days . 88
88
88
88
elheimer k Oo i Sight». . 8 9 «
89«
89«
89«
88
88
•
88
88
hazard Freres... g^htT"* . 8 9 «
89«
99«
89«
Merchants' Bk. (60 days. . 88
89
88
88
o f Canada.. . . Sight... . 8 9 «
89«
89«
89«

Thurg„
Fri..
Feb. 21. Feb. 2&
87«
89
88
89«
88
89«

••e«
•••e

88
89«
88
89

j

88
89«
88
89«

1

88
89«

The market, as stated, closed strong on Thursday at
4 87$@4 88 for sixty day and 4 89@4 89$ for sight*
Bates for actual business were 4 86$@4 87 for long, 4 88$
@ 4 88$ for short and 4 88$@4 89 for cable transfers.
Prime commercial bills were 4 86$@4 86$ and docu­
mentary 4 85$@4 86. The Majestic arrived on Wednes­
day with £258,000 gold from London, and the Bms,
which sailed on Tuesday, took out £203,000 for New
York, and it is estimated that there are now £1,148,000
in transit, including the consignment by the Ems.
The condition of the anthracite coal trade does not
appear to have changed greatly, notwithstanding the
recent cold weather, and prices remain unsatisfactory.
The statement for the month of January, issued this
week, throws some light upon the situation. In the
latter part of last December it had been agreed be­
tween the companies to limit the production for the
month to about 2,300,000 tons. But we now see that
the output was actually 3,063,535 tons, or over threequarters of a million tons in excess of the agreed
total.
Had the agreement been observed, the'
amount mined would have been a third of a m illion
tons less than in the same month of last year.
As it is, it is 375,514 tons more than in
that month.
The [bulk of the increase hae
come from the Wyoming region, where 1,768,665 tons
were mined in January 1895, against only 1,467,239
tons in January 1894. In the Schuylkill region the
increase was only 84,273 tons, while the quantity sent
out from the Lehigh region was 10,186 tons less than
in the corresponding month of last year. The state­
ment, however, reveals at least one satisfactory feature.
It is found that notwithstanding the increase in out­
put tidewater stocks were diminished somewhat,
standing at the end of the month at only 700,176 tons,
against 780,913 tons at the beginning. Of course we
do not know what the changes in the stocks at interior
storage points have been. In the following we show
the amount of coal disposed of, assuming that these in­
terior stocks have remained unchanged.
January.
Anthracite Coal.
1895.

1891.

1893.

1892.

1891.

1890.

3toek beginning..
Ton*.
Ton*.
Ton*.
Ton*.
Ton*.
Ton*.
o f period ........
780,913
788,878
754,132
535,652 1,026,107
657,8a8
P rod u ction ............ 3,033,535 2,688,021 3,069,579 2,851,188 3,133,961 2.281,578
Total su p p ly.. 3,811,418 3,416,899 3,727,147 3,605,918 3,671,61« 3,307,685
3t’k end o f period
697,772 1,138,927
700,176
881,550
790,932
532,375
Disposed o f .. . .

8,111,272 2,535,349 3,195,072 2,811,986 2,976,811 2,168,768

Thus apparently 3,144,272 tons went into consump­
tion in January 1895, against 2,535,349 tons in Janu­
ary 1894, and 3,195,072 tons in January 1893. I f we
had the alterations in the stocks at interior points it ig

324:

THE CHRONICLE.

VOL. L X .

Result with Sub-Treasury operations.
possible that the general result here disclosed might be
modified, but in the absence of the data no definite
Out of
S et Change in
In to
Week Ending February 22,1885.
opinion on that point is possible.
Banks.
Banks.
Bank Holdings.
The annual report of the Northern Central Railway B a iks’ lnterior m ovem ent, as above $4,831,0001 $2,466,000 Gain.$2,415,000
14,400,000 20,900,000 Loss. 6,500,000
iias been issued this week, and the showing for the year a ab-Treasury operations.............
$1^,281,000 $23,366.000 tj0 ss. 4,085,000
T otal gold and le ga lten d ers.
is quite satisfactory. The road is a very large coal car­
The following table indicates the amount of bullion
rier, and the depression in trade of course greatly
in
the principal European banks this week and at the
reduced this class of tonnage. The company was
corresponding
date last year.
able, however, to earn the 7 per cent dividend paid
and to carry forward a surplus of $109,693 on the oper­
February 22,1894.
February 21,1895.
Bank of
ations of the twelve months. The road is controlled
Total.
Silver.
Total.
Silver.
Gold.
■by the Pennsylvania Railroad, and President Roberts
£
£ I £
29 749,768
. . . . . 37,502.178 29,749.763
in commenting on the results for the year well says England........ 37,502178
France........... 86.021,450 49,533,956 135.558.406 68.489.000 50.715.000 119,204,000
that considering that all commercial interests continued Germ any*.... 41,702,250 13,900,750 65,603.000 84,450,500 11,183,509 45.934.000
16,333,000 13,733,000| 30,065.000, 10,192, *00 16.245.0001 26.437.000
¡seriously depressed throughout the year, and that gross ▲ust.-Hung’y
8.004.000 11,640,000 19.644.000 7.918.000 7.175.000 15.093.000
Spain............
warnings were reduced to the'extent of over $850,000 Netherlands 4.425.000 6,921,000j 11.854.000 4.255.000 7.034.000 11319.000
Nat.Belgium* 3.464.000 1,732,000, 5,196,000 3.036.000 1,513,000! 4,551,000
as compared with 1893, the stockholders may be con­
Tot.this week 197,454,878 97,468,703 294.923,584 158 090.28 91,200,500 252,290,7«
gratulated that through the rigid economies enforced T ot. prev. w’k 186.006.820 97.118.165 283,124,975 156.631.9l3 93,791 750 250,421,093
in all branches of the service the net earn­ * T h e d iv is io n (b e tw e e n g o ld a n d s ilv e r) g iv e n in o u r t a b le o f c o in
a n d b u llio n in th e B a n k o f G e rm a n y a n d th e B an k o f B e lg iu m is m a d e
ings were sufficient to permit the payment of fr o m th e b e s t e s tim a te w e a re a b le t o o b t a in ; in n e ith e r e a se is i t
the dividend.
Out of the 1893 income the com­ cla im e d t o b e a c c u r a te , as th o s e b a n k s m a k e n o d is t in c t io n in th e ir
e k ly re tu rn s, m e re ly re p o rtin g th e t o ta l g o ld a n d s ilv e r, b u t w
pany had paid dividends of 8 per cent and carried bweelie
v e th e d iv is io n w e m a k e is a c lo s e a p p r o x im a tio n .
N o t e .—W e r e c e iv e t h e f o r e g o in g r e s u lts w e e k ly b y c a b le , a n d w h ile
over a surplus on the operations of the twelve months
o f $560,194. The difference between the showing for n o t a U o f th e d a te g iv e n a t t h e h e a d o f t h e c o lu m n , t h e y a re th e r e urns issu e d n e a re st t o th a t d a te —th a t is, th a la te s t r e p o r te d figu res.
1894 and that for 1893 is therefore marked, and reflects
the very unfavorable conditions with which the road
had to contend. While gross earnings were reduced GOVERNMENT CREDIT AND THE BOND
SALE.
$850,545, net earnings were reduced $321,506. The
It
is
an
exceedingly
gratifying
fact that the offering
coal tonnage of the system fell off 403,978 tons and
for
public
subscription
of
the
$62,315,000
of United
aggregate tonnage of all kinds 1,287,263 tons. The
States
30-year
4
per
cent
bonds
by
the
syndicate
whioh
traffic has to be moved at very low rates, the aver­
age per ton per mile in 1894 having been only recently made a sale of 3,500,000 ounces of gold to the
6*02 mills and in 1893 6*05 mills. The profit per Government, and took these bonds inpayment, should
ton per mile was but 1*75 mills in 1894 and 1*83 mills nave proved such a decided success. We say the fact
is gratifying because it is evidence that the recent acts of
in 1893.
We give on subsequent pages a statement and review the Government have had a further immediate beneficial
o f the gross and net earnings of United States rail­ effect, just as it was expected and desired they should
loads for the calendar year 1894 as compared with the have. The syndicate took the bonds at an extremely
je a r 1893. The statement is worth careful study as critical period, when withdrawals of gold were pro­
showing the results of operations of this great industry ceeding on an enormous scale, when the Treasury
in a period of strikingly unfavorable conditions. For gold reserve which had been restored only two months
the month of January we have a very good return before had been reduced to the very lowest point
from the Baltimore & Ohio, which reports $120,297 in­ reached since the establishment of specie payments in
crease in gross and $92,648 increase in net. The 1879, and when, as a consequence of the fears which
Pittsburg Cincinnati Chicago & St. Louis, one of these conditions had engendered, a suspension of gold
the lines in the Pennsylvania Railroad system, for the payments was actually imminent. It was for the sole
same month has $4,190 increase in gross and $58,986 purpose of avoiding this latter disaster, so much
dreaded, that the loan was made. The avidity with
increase in net, and the Pittsburg Youngstown
Ashtabula, another Pennsylvania Railroad line, $23,318 which the public, both in this country and in Europe,
increase in gross and $7,267 increase in net. The San has subscribed for the bonds shows that the skillful
Francisco & North Pacific has $4,340 decrease in gross way in which the whole arrangement has been engi­
and $4,271 decrease in net, due to stormy and gener neered has quieted fears on the point in question and
that confidence in the ability of tbe Government to
ally inclement weather.
maintain gold payments has again been firmly estab­
-January Earnings.1895.
1894.
1893.
1892.
lished.
S am e o f Road—
$
$
$
1,541,169
1,840,075
Baltimore & O h io. ............Gross 1,661,466
2,056,305
The latter is a consideration of the highest import­
iNet' ‘‘ “ 386,279'" 293,631“ 267,2*1J 505,665
ance to all business interests. For so long as any doubt
Pitts. Cin. Cbio. & St. L .......Gross Inc. 4.190 Dec.97,314: Dec. 40,753 Inc. 87,629
■ML.
Net Inc. 68,956 Inc. 21,766 Dec.101,731 Dec. 24,297 existed regarding this point, enterprise was necessarily
76,023
H 52,70431-* 76,556
80.488
(Pitts. Y oung». & A sh ........... Gross
held in check, while now that all doubt has been re­
■L,.
Net
17.055
to,783
15,489
23,869
Ban. Fran. & No. Pae . . . . . . . Gross
89,661
44,001 „ 62,334
48,685 moved business activity will* be free to develop in ac­
■ft- 1
, - — «»w gl
Net D ef. 2.917 i
1,354
115,0:5 J
4,253 cordance with natural trade influences.
When this
Bum. Br. & Lykens V a l..... Gross
169.026
140,369
184,620
166,239
fact
is
recognized
it
becomes
evident
that
the step
Net
80,131
27,749
17,721 ~
I*2,66g
which
the
Government
took
was
an
essential
one in
! /T h e following gives the week’s movements of money
preservation
of
iodustrial
interests,
and
no
cost,
no
to and from the interior by the New York banks.
matter how great, was too high a price to pay for secur­
Received by Shipped by
S et Interior
ing that end. The whole matter serves to emphasize
W eek Ending February 22,1895.
Movement.
S . F. Banks. S . Y. Banks
anew how sensitive the national credit and capital
$4,531,000 $2,166,000 Galn.$2,365,000
300,000 Gain.
50,000 alike are, and how important it is to guard both against
350,000
G o ld .......................................................
There have been three sales of Governr’ T o ta l gold and le g a l te n d e r s .... $4,831,000 $2,466,000 Gain $2,415,000 adverse action.




F e b r u a r y 23, 1895.]

THE CHRONICLE.

ment bonds since the beginning of 1894. The first was
made in January 1894. Congress was in session at the
time, and. everything was done to discredit the bonds.
The loan would hive been a failure, except for the
action of the banks and financial institutions of this
city, who came to the rescne and took the bonds, not
because they wanted them, but to save the discredit
and harmful influence which a failure would have pro­
duced.
The second issue was made in November. Congress
was not then in session, and the legality of the issue
was no longer open to question. The result was the
Government was able to borrow; but the stock of gold
was so short that the whole operation served for little
more than a proclamation to the world of the inability
of this country unaided to keep the Treasury reserve
supplied. The present was the third sale made, but in
the interval since the previous sale the situation had so
greatly changed and doubts regarding our ability to
maintain gold payments had become so strong that a
“ coin ” bond could not be negotiated on any better
terms than a 3 f per cent basis, though a gold bond
could have been disposed of on a 3 per cent basis. The
fact that the bonds have been so largely over-subscribed
on a 3£ per cent basis (that is about the yield at the
price at which the bonds were offered) is proof that as
a result of the vigorous action of the Government con­
fidence has again been restored.
The bonds were offered simultaneously in New York
and London, the issue price in this country being 112£
and in London £227 per $1,000 bond. As already said,
at 112£ the bonds yield about 3J per cent to maturity.
N o official statement regarding the amount of the sub­
scriptions has yet been given out, but it is understood
that in London the applications reached £120,000,000
and that in this country the loan was subscribed for
from five to ten times. It was orginally intended that
half the bonds should be allotted abroad, and oae-half
in the United States, but in view of the importance of
obtaining as much gold from Europe as possible
it is thought the allotment to London may be larger
than this proportion. The subscription lists remained
open only a little over 20 minutes in New York and not
more than two hours in London. The bonds are now
quoted at 119@120, a premium of 7@8 points over the
issue price.
There have been some other favorable events -this
week bearing on the same matter. First,the silver advo­
cates in the Senate have failed in the attempt to force
a vote on a bill providing for the unlimited coinage of
silver, and in the second place quite a number of
United States Senators have delivered noteworthy
addresses reviewing the conditions which led up
to the bond sale. Their speeches have served
to bring out plainly and forcibly the situation
which existed when the Government was compelled to
resort to the bond issue. We are also greatly pleased to
see the earnest and vigorous argument which Senator
Sherman made to show that though the bonds were
coin bonds, they could only be paid in gold— that equity
and good faith alike demanded their payment
in that metal. That is the position which Mr.
Sherman has always held. We quoted last week
from a letter written by him in 1877, when
the same question was raised, and he is a consistent ad­
vocate of this doctrine now. He is certainly correct
also in saying that public opinion would never tolerate
payment in a metal of less value than that received
from the sale of the bonds.



325

Mr. Sherman, however, while makiug such a spirited
plea for holding upright the national honor, has, we
are sorry to see, criticised the terms of the contract
which the Government entered into
with the
syndicate.
He calls it faulty and improvident.
We showed last week how extraordinary was the
emergency which confronted the Treasury, and Mr.
Gray in his speech this week went over the ground at
length. During the last 10 days of January the with­
drawals of gold from the Treasury reached $29,071,892
and the reserve in the Treasury was reduced to only
42 million dollars. It was evident therefore that
unless the movement was speedily arrested the end
could not be far off. Prompt measures were necessary.
A call for popular subscriptions was out of the question.
At home the gold to pay for the bonds would have
been taken in great part out of the Treasury, and this
movement, added to the withdrawals then in progress,
would have precipitated the very disaster which the
bond issue was to prevent. The occasion demanded de­
cisive action. The Government took the best terms
it could get. The credit of the nation had measurably
depreciated, while any delay would have depreciated
it still more, and would even have endangered the
chances of effective relief.
So great was the influence and advantage of the arrange­
ment with the syndicate that the withdrawals of gold
ceased the moment it became known that the negotiations
were to be with such powers in the financial world. It
is no indication therefore that the Government made a
bad bargain that the syndicate has been able to obtain
a very much higher price for the bonds. Rither it
indicates how extreme the peril was when the syndi­
cate was called in, and how effective and complete the
relief extended has been. Besides, the venture of the
syndicate was by no means free from risk. The syndi­
cate which took the November issue of fifty millions
still had a large part of the bonds on hand, with the
market price 3 points below the price paid by it.
We might also quote from the experience of the
Government at the time of the refunding operations
preceding the resumption of specie payments to show
how very cautiously operations for the sale of Govern­
ment bonds have to be conducted and how easily a
sale may be disturbed. In his report for 1877, Mr.
Sherman, who was then Secretary of the Treasury,
after stating that the first instilment of 4 per
cents had been sold, said: “ In October last, after
the payment of the popular subscriptions, arrange­
ments were perfected to open further subscriptions to
the 4 per cent loan, and a call was about to issue for
ten millions of six per cent bonds, but it was tempor­
arily postponed by reason of the agitation of the repeal
of the Resumption Act and the remonetization of silver,
which the associates believed would prevent further
sales of these bonds. For this reason they dt dined to
offer them, and no further call of six per cent bonds
was therefore made.” It will be remembered that
1877 was the year when Stanley Matthews uttered
the
now famous
expression,
in
advocating
the payment of the funding loan in silver— “ What
have we to do with abroad ?” Four per cent was
a low rate on our bonds in those days, but as soon
as it was seen that the country was definitely estab­
lished on a gold basis, and that all our obligations
would be paid in that metal, our credit advanced to a
still higher basis, and finally ranked equal to the very
highest among the nations of the earth. And in the
same way very decided improvement has followed, and

» 326

THE CHRONICLE

[VOL. L X .

must continue to follow, from our latest act confirming shown but little decline from the year preceding,
but this was due chiefly to the extra passenger traffic
the gold basis.
from the World's Fair. In 1894 a very marked falling
off occurred, gross earnings dropping from $7,566,640 to
THE CHICAGO & ALTON REPORT AND $6,292,237, a decrease of $1,274,403, or 16*84 per cent.
THE BURDEN OF THE RAILROADS.
In the passenger earnings the falling off was 29*54 per
The operations of the Chicago & Alton furnish in cent, in the freight earnings 9*16 per cent. The loss
some respects a better indication than those of any of $1,274,403 in gross receipts was accompanied by a
other company of the extent to which railroad inter­ reduction of over a million dollars in expenses ($1,027,ests [have suffered not only as the result of the great 202), leaving the loss in net only $247,202. Expenses
depression in business in 1893 and 1894, but also as for conducting transportation were reduced from $1,the result of the many other adverse influences against 709,248 to $1,531,536, for motive power from $1,436,which the railroads have had to contend for so many 304 to $1,137,398, for maintenance of way from
years.
The Alton enjoys two distinctions which few $1,113,367 to $699,305, and for maintenance of cars
other roads possess. It has never entered upon the pol­ from $396,970 to $260,448. Owing to this great sav­
icy of making extensive additions and acquisitions, and ing in expenses there is a surplus of $46,654 on the
during the last fifteen years, when other systems were operations of the year in excess of the dividend require­
branching out so largely, its mileage has been kept ments. This, of course, is an exceedingly gratifying
substantially unchanged.
It has thus avoided bur­ showing, considering the conditions which have pre­
dening itself with new obligations and charges, and vailed .
hence the changes for the worse in its revenue accounts
Both gross and net earnings in 1894 were the smallest
which the road has sustained in common with other of any year since 1879. Prior to 1888 the Alton often
roads cannot be ascribed to unwise ventures of that earned close to 9 million dollars gross, and net earnings
description. That is to say, the fluctuations in its rev­ were frequently in] excess of 3^ million dollars, as
enues may fairly be taken to reflect the general course against the 6£ million dollars gross and 2£ million dol­
o f railroad operations under the varying conditions lars net for 1894. Those who take only a superficial
view of things might be inclined to refer the falling off
governing the same.
Another particular in which the Alton holds an ex­ entirely to the panic of 1893 and the succeeding busi­
ceptional position is that its stock has never been ness depression, and of coursej this has played a
watered. The share capital was increased $2,450,200 prominent part in the decline. But Mr. Blackstone
during the late year, but the stock was taken by the traces the causes of the unfavorable railroad situation
stockholders at $114 per share, and the proceeds went further back, and finds that a very important element
to retire $2,929,000 bonds, which fell due last April. in it has been the policy of the Western States in “ re­
President Blackstone, whose remarks we print in full ducing railway rates by the instrumentality of parallel
on another page, points out that at all times during the and competing lines, for which there is not now, and
last thirty years, whenever practicable, the total capi­ has never been, a public necessity.” He well says that
talization of the Alton system of roads has been re­ the several States, by reason of having authorized the
duced. During 1894, he says, leaving out of the ac­ construction of such lines, are morally responsible for
count the stocks and bonds of the Louisiana & Missouri conditions which have caused reasonable rates to be
River Railroad (a road previously leased by the Alton, unattainable.
Mr. Blackstone also directs attention to another very
but whose shares were acquired in 1894 by pur­
chase, as a result of which purchase a considerable important matter, namely the increasing burden o f
reduction of the annual fixed charges of the company taxation which the railroads are obliged to bear. In
is expected), the total amount of bonds and capital 1874, he says, the Alton paid State, county and muni­
stock, by which the Alton system is represented, was cipal taxes equal to 10 per cent of its earnings applica­
reduced $523,800. He furthermore gives it as his ble to dividends. In each subsequent year the ratio o f
opinion that at the end of 1894 the aggregate capital­ taxes to earnings has become larger, and for 1894 it
ization, including all obligations assumed by the com­ was 15*75 per cent, the total amount paid in taxes be­
pany, was less than 60 per cent of the actual cost of ing actually heavier than for 1893, notwithstanding
the property in its present improved condition. Less the depression in business. To the ordinary taxes for
the amount of the bonds and stocks of other companies 1894 must be added the income tax, based on the earn­
owned by the Alton, the aggregate of its stock and ings of that year, payable in July next. The provisions
debt is in round numbers $31,256,000, or only $37,062 of the several leases, he states, require the company to
per mile of road, which, considering that the road is pay all Federal taxes imposed on the leased lines, and
well equipped, has excellent terminal facilities, and these obligations increase the amount of the income
owns 110 miles of second track and 230 miles of sidings, tax which the company is required to pay to a sum
equal to 2*66 per cent of its net revenue. In the ag­
is certainly a very light capitalization.
Owing to this favorable situation and this light capi­ gregate, therefore, the amount of the taxes of various
talization the company has been able to earn its regular kinds for 1894 is equal to 18*42 per cent of all available
dividends. But Mr. Blackstone shows that on the revenue, including that derived from the temporary
basis of the actual cost of the property the return on investment of the surplus of the company, or 21*76 per
the share capital would be equal to only 4 f per cent, cent of the available revenue from the traffic of the
and of course to attain even this result it was necessary road.
Of course the position of the Alton in this particular
to practice the closest economy. No company is in bet­
ter condition to bear a great saving in operating expen­ is in no way exceptional, and Mr. Blackstone has ren­
ses than the Alton. Still it is important to understand dered a service in giving prominence to the matter.
that even it has had to curtail its outlays rigidly in From an examination of the report of the Inter-State
order to work out a balance on the right side of the ac Commerce Commission for the year ending June 30,
count. In 1893 the revenues of the company had 1893, he finds that in that year taxes amounting ta



February 28, 1895.]

THE (CHRONICLE.

327

character of the year and the great contraction in the
revenues of the roads for which it will always be distin­
guished.
The great shrinkage [in gross of course forced upon
the roads the practice of extreme economy, and ex­
penses were reduced in every direction, in some cases
no doubt to the detriment of the properties. How far
this saving has been carried will be seen when we say
that on the roads embraced in our present compilation
— which, by the way, covers an aggregate of 134,777
miles of road— the decrease in expenses is found to be
over 82f million dollars; but yet, even after this reduc­
tion, a loss of 40£ million dollars in net remains.
This then indicates how the loss was distributed— 821million dollars is represented by reduced payments for
wages and supplies, 40£ represents the loss which in
one way or another the stock and bond holders will
have to bear. But this is merely the showing by the
face of the returns. It is of course obvious that to
the extent that the reduction in operating cost involved
a saving at the expense of the property, stock and
RAILROAD GROSS AND NET EARNING bondholders will have later on to assume or make pro­
IN 189Jf.
vision for that burden too. It is quite noteworthy that
In reviewing the gross and net earnings of United in ratio the losses in gross and net do not vary greatly,
States railroads for the calendar year 1894 we are re­ the decrease in the gross being 11*26 per cent and in
viewing the record of a very remarkable year—a year the net 12*14 per cent, as will appear by the following.
,---------------- January 1 to December 31.---------------c f unparallelled depression in trade, of exceptional and
.----------- (206 roads.)----------- . ,------Inc. or Dec.------.
phenomenally unfavorable events, conditions and in ­
1894.
1893.
Amount.
P. O.
fluences, and of losses in earnings which are appalling Mllesof roadDeo. 31. 134,777
134,278
+499
0-37
$
$
$
in their magnitude. While no industry has been ex­
Gross earnings.......969,003,527 1,001,975,721 —122,972,194 11-26
empt from the effects of the general and widespread Operat’g expenses.677,200,820 759,849,411 — 82,643,591 10-88
depression, the railroad industry has apparently suffered
Net..................... 291,802,707
332,126,310 - 40,323,603 12-14
beyond all others— at least that must be the conclusion
The result for 1894 presents an interesting coatrast
judging from the way the revenues of the roads have with that for the years preceding. In 1893, though
undergone contraction, and the very poor results the we had the panic, the falling off was comparatively
roads are able to show, gross and net.
small— only $16,520,098 or 1*68 per cent in the gross
In our issue of January 12, in the article on railroad and $10,429,642 or 3*38 per cent in the net. In the
gross earnings, we set out at length the influences and latter half of that year there were some strikingly
conditions which marked the course of the year, and heavy losses, but in the first half the showing had
we shall not go over the ground again here. We will been quite good, and even in the last half the losses
say, however, that what with the unsettlement of trade were to a large extent offset by the special gains aris­
and business caused by the panic of 1893, the disturbed ing from the holding of the World's Fair. If we
condition of Government finances, the large gold ex­ would know what the results were in years of normal
ports, the tariff uncertainties, the Coxey disorders, the conditions, we have only to note the gain of 56 m ill­
strike of the Great Northern men, the strike of the ion dollars in 1892, of 47 million dollars in 1891, of
bituminous coal miners, the general strike of the rail- 72 million dollars in 1890, &c. In net also th^re were
read hands, the floods in Pennsylvania and on the gains in all years preceding 1893 back to 1888, when
Pacific Coast, the demoralization of rates, the crop fail­ there was a very considerable reduction in net aodonly
ure and small grain movement, the low price of wheat a small increase in gross. It should be said in expla­
and cotton, the forest fires, etc., etc., the year was about nation of the loss in 1888 that that was the year of
as bad as any that could be imagined, and heavy de­ the blizzard, of the locomotive engineers' strike on the
creases in earnings were inevitable.
Chicago Burlington & Quincy, of the strike in the
In our article last January the loss for the twelve Schuylkill coal regions, and likewise the year when
months was found to have been 112| million dollars. rates in the West fell to such low and unremunerative
The statement then was confined to the gross earnings, figures because of the lack of harmony among the
and embraced only the early preliminary returns, in roads.
part estimated. The present statement covers the roads
Tear
Net Darnings.
Gross Darnings.
from which it has been possible to secure returns of and
Year
Increase o r
numb’r
Tear
Tear
Tear
Increase or
gross and net. The mileage is not quite as large as in
Preced'd. Decrease.
of r’ds.
Given.
Preceding. Decrease.
Given.
the other statement, but comprehends some systems of Jan. 1
considerable size which did not form part of that state­ to Dec.
31.
3
*
$
$
$
$
ment, and the loss is found to be even heavier, reach­ ’83(127) 751,097,952
737.731,360 +13,963,586 235,145,666 258.P72.626 -23,826,960
32,459,434
255.811.2«
8
856,178.510
+42,365,026
288,273/8
’89
154«
813
613,181
ing roughly 123 million dollars— $122,972,194. Another
’90(206) 1,007,5(0,768 935,399,238 •472,141,530 328/09.4 8 311.78-.509 14 228.889
week we shall hope to carry the comparison of the gross ’91(219) 1,103,636,603 1,056 508 923 4-47.067,580 353.353.918 330,797,494 t-22,556.434
l 08’.,«88,637 1,027,294,855 •H6,393,782 345 810 027 <38.133.575 r 7,706,458
a step further and furnish a statement to include both ’92(210)
’93(196) 917.538,272 984,058, 70 —16..-20.098 2 7,907.« 25 3 8, 30/37 -10,429,642
the roads reporting gross alone and those reporting ’91(206) 969,003,527 1.091,975,721 122972194 291,802.707 332,126,310 -40.323.603
Speaking of the roads generally, the returns were
gross and net. But the loss of 123 million dollars,
while not revealing the full amount of the falling off bad almost all through the late year from beginning
I to end. During the first six months they were conwhich occurred, furnishes impressive testimony to the |
#36,514,689 were paid by railroad companies, a sum
equal to 36*18 per cent of the amount of all dividends
paid to railroad shareholders in the year in question— a
year which he correctly observes was one of at least an
average volume of business in all parts of the country.
Taking into account the income tax since imposed and
the very great reduction of the revenues of the roads
which has occurred, he thinks it safe to say that in the
calendar year 1894 the amount of taxes imposed upon
railroad companies was equal to at least 50 per cent of
the total amount of all dividends paid in that year.
We note that Keceiver Hopkins of the Louisville
Evansville & St. Louis also refers to this subject of
taxation in his report received this week. He says
that the taxes levied on the road for 1894 amount to
37*19 per cent of the road's net earnings, and he calls
this levy “ excessive if not confiscatory," and says
that the attorneys of the road have been directed to
resort to all legal proceedings to secure a reduction.




328

THE CHRONICLE.

spicuously bad, and our monthly statements showed
rising losses in both gross and net, finally culminating
in a decrease of 19*51 per cent in gross and no less than
33*79 per cent in net in the month of May. For June
the exhibit was but little better, the loss in gross being
19 *43 per cent ancT in net 27*91 per cent. These two
latter were the months when the coal strike and the
o ther labor troubles proved so deeply disturbing.
In the second half of the year it was hoped that in­
creases would be reported, as comparison was with poor
returns in the year preceding. As a matter of fact
there was only one month when an increase actually
occurred in either gross or net, and that was August,
in which month the returns in 1893 had been excep­
tionally poor. The other months failed to fulfill ex­
pectations. They all showed losses in net as well as
in gross, though the extent of these losses was much
smaller than in the first half of the year, and in
the closing months was of merely nominal proportions.
The reason for the lack of recovery is found in the
fact that the roads had lost the World's Fair traffic,
which in 1893 so largely swelled the revenues of a great
many companies, and also in the fact that the 1894
corn crop proved an almost total failure in several im­
portant sections, causing a great falling off in the
traffic of the afflicted regions. The table below gives
the record for each of the twelve months.

[Y ol, L X .

In the net the list of large decreases is hardly less
striking than in the gross. Thus the Atchison has
fallen $5,706,743 behind; the Union Pacific, $3,477,057;
the Erie, $2,572,317; the Chicago & North Western,
$2,491,366; the Pennsylvania, $2,445,129; the Illinois
Central, $2,311,809; the Southern Pacific (for 11
months), $2,092,716, etc. We have referred above to
the great saving in expenses which had been effected.
Of course this does not extend to all the roads—some
having evidently failed in the effort to contract their
outlays, or else made'no attempt to curtail. A com­
parison of the losses in gross with those in the net will
show what roads are distinguished in each way. The
Lake Shore, with $4,160,988 decrease in gross, has but
$195,454 decrease in net; the New York Central, with
$4,913,080 decrease in gross, has only $704,562 decrease
in net; the Burlington & Quincy, with $6,841,605 loss,
and the St. Paul, with $5,386,656 loss, in gross, have
only $1,453,723 and $1,453,355 loss in net, respectively ;
and so numerous other instances might be cited.
In a few cases the saving in expenses has been
carried much further, and losses in gross have actually
been converted into gains in net through that policy.
This is particularly true of the New England roads,
where all the prominent systems, like the Boston & A l­
bany, the Boston & Maine and the Fitchburg, show"
gains in net with decreases in gross. The New York
New Haven & Hartford, with $42,172 increase in gross
GROSS AND NET EARNINGS.
(which gain follows from improved results in the
Oross Earnings.
N et Earnings.
last two quarters, the first two quarters having shown
Month.
1893.
1894,
Ine.or Dec. P . c.
1894.
1893.
Ine.or Dec. P.e.
heavy losses), has $1,283,792 increase in net. In the
9
$
$
I
9
9
following we bring together all the changes above $200,J a n ... 47.050,389 54,127,847 -7,077,458 13-08 11,033,190 12,705,024 -1,131828 8-87
It will be ob­
52,776,459
—8,881,192
48,836,207
16-8311,189.407 13,343,747 -2,164,340jl6-14 000 in amount in either gross or net.
F e b ...
March 50,243,068 60,77(1,789 -10533121 17-33 15,073,291 18,210,291 -3.137.000 17-22
served
that
there
are
three
roads
with
increases
in gross
April.. 49,151,915 58,511,149 -9,359,2 4 160012,624,314 10,202,580 —3,638,272 22-37
May... 49,226,912 61,102,746 -11935834 19 5112,253,187 18,506.560 -6,253,373 33-79 in excess of that figure, namely the Mexican Central,
June.. 43,<>31,344 53,404,530 —10377188 19-43 11,661.158 10,177,899 —4.516,741 27-91
J u ly .. 42,863,827 51,324,341 -8,460,517 16-48 12,357,009 14,921,055 -2,563,446 17-18 $444,257; the Duluth & Iron Range, $313,972, and the
A u g .. 57,651,077 57,34 9,168 +301,909 0-53 19,680,852 18,285,095 +1.396,757 7-63 Norfolk & Western, $307,835.
In the net there are half
S e p t.. 56,083,»’67 59,831,521 —3,747,884 6-26 18,857,313 21,931,138 -8,073 825 14-01
O c t ... 65,272,797 69,371,740 —4,098,943 5-91 23,578,630 23,705,458 -3,126,838 11-71 a dozen roads with increases in excess above the limit,
N o r . . 00,938,020 03,037,016 —2,098,426 3-3.1 21,114,094 21,630.281 -516,167 239
headed by the New Haven. These latter owe their
D e c ... 47,871.695 49,83«,120 —1.908,425 3-95 15,044.630 15,205,650 -261,014
r64
distinction of course to the great saviug in expenses
N o t e .—The number of roads included in January was 135; in Feb­
ruary 133; in March 136; in April 147; in May 141; in June 129; in which in those instances has been effected. The follow­
July 125; in August 137; in September 141; in Ootober 143; in No­
ing is the table. It should be said that where one or
vember 147 and in December 132.
more roads form part of the same system we give sim­
It is almost needless to say that the losses by the in­ ply the gain (or loss as the case may be) for the system
dividual roads have been exceedingly heavy. It was itself, adding, however, after the name the number of
supposed that 1893 had an unenviable record in that roads which the system represents in our tables.
respect. But 1894 is distinguished beyond 1893. Such
PRINCIPAL CHANGES IN GROSS EARNINGS FOR 1 2 M O N T H S .
a formidable list of strikingly heavy decreases has never
In creases.
Decreases,
$444,257 L o u is v . A N a sh v ....... $1,069,330
been seen before and it is to be hoped will never be seen Mexican Central.......
Dul. & Iron Range..
313,^72 Chic St. Paul M.AO.
1,031,308
307,835 D e n v . & R io G ra n d e .
971,802
again. We have the space to enumerate only a few of Norfolk & West.........
B o s to n A A lb a n y ... .
869,685
Total (represents
N orth ern C e n t r a l....
850.545
the larger decreases. In gross the Pennsylvania (lines
3 roads)...........
$1,066,064 ( le v . Gin. C b. A 8t. L .
841,52$
both east and west of Pittsburg) has lost $12,794,479,
C hes. A O h io ..............
737,805
D ecreases.
U n ion Pao. D en y " . . .
717,694
the Atchison $7,965,956, the Burlington & Quincy Penn, t (3 rds).......... $12,794,499 Buff. R o o b . & P it t s ..
659,946
Atch. T.& 8. F. (4 rds)
7,9 h5,956 B oston & M aine . . . .
590,575
$6,841,605, the Reading with the Coal & Iron Com­ Cbic. Burl. A Quincy. 6,841,605 C ol. H o c k . V & T o l.. .
58»,624
Phil & Read & O. & I.
6,083,8 '3 Lou. N. A lb . & C h c . . .
5-0,414
pany $6,083,823, the Lackawanna $5,732,111, the St. Del. L. A W. (3 rds)... 5,732,111 N. Y. & New Engl’d ..
543,581
Chic. Mil. A St. Paul.
5,386,656 C h ic B u rl. & N orth .
532,847
Paul $5,386,656, the New York Central $4,913,080, the N Y. C. A H. River... 4,913,080 S u m m it B. & L .V a l...
527.451
N. Y .L Erie & West.
4,‘■88,272 B u rl. C. R. & N o r t h ...
475,924
Erie $4,888,272, the Chicago & North Western $4,680,- Cbio.
dr No’western..
4,6+»,63-» K an .C . Ft. 8. & M em ..
468.272
Union Pao. (11 rd s)...
4,607,006 Balt. & O. So'w est....
440.102
638, the Union Pacific $4,607,006, the Lake Shore L.
Shore A Mich. So...
4,160,988 M a in e C en tral § .........
390,697
Illinois Central..........
3,695,618 W e st N. Y . & P e n n ..
38J,068
$4,160,988, the Illinois Central $3,695,638, the South­ South’
n Pae. ( ■>rds.)*
3,^71,791 G r R ap A In d . (4 rd s)
340,143
AOhio ( rds)...
3,485,692 F it c h b u r g .....................
335,176
ern Pacific (for 11 months) $3,571,991, &c., &c. What Balt.
Mioh.Cent. & Can. So.
3,478,<><0 F lin t & Pare M arq. *.
327,713
296,193
makes the losses especially striking is that in not a few Northern Pacific____ 3,046,726 C hic. & W est M ie n ...
Del. A Hud (4 rds) .
2,6<>4,C94 L o u is v E v a n . & St. L .
274,976
271,573
cases they follow a considerable decrease in 1893. In Canadian Pacific....... 2,210,148 8 t. P a u l A D u lu t h ....
Central of N. J. *.......
2,184,141 S ou th ern R a i l w a y ...
267,317
2,12%838 A lle g h e n y V a lle y ___
260,108
some instances earnings showed improvement in the Wabash......................
Grand Trunk *..........
1,921,288 I o w a C e n tra l...............
245,242
latter part of the year and in those instances the losses Phil. Wil. & Balt. J .... 1,172,042 St. L. V a u d A T . H i..
235,628
Chic. & Gr. Trunk*..
1,441,619 St. L o u is 8 o ’ w est. . . .
219,501
for the full year are not as heavy as were the losses up Lehigh Valleyll..........
1,280,183 S t. L . A lt o n & T . H _ .
214,023
Chie. A Alton............
1,274 604
to the end of J une or July.
But a great many roads, N. Y. Chie. & St. L ....
1,158.51 9
Total (represents
Manhattan Eiey.......
1,149,659
87 roads)..........$120,410,711
like the Burlingt >n & Quincy, the Erie, the St. Paul,
*
For
eleven
months,
t
For
year
ended
October 31. t The gross on
the Union Pacific, the Atchison, the Canadian Pacifi',
Eastern lines decreased $7,670,939 and on Western lines $5,123,560»
&c., suffered decreases right up to the end of the year.
UFor year ended November 30. § For year ended September 30.




THE CHRONICLE.

F ebruary 23, 1895* J
PRINCIPAL CHANGES IN

NE f

In creases,
New York N. H. & H.. $ 1,283.792
Boston & Maine........
7**2,450
Southern R a ilw a y....
394,374
Tol, A. A. & No. Mich.
310,241
San Ant. & Ar. Pass..
252,146
St. Louis So’westera..
232,819
Total (representing
6 roads)............... $3,175,822
Atch.Top <fe$. Fe (4 rda) $5,706,743
Union Pacific (8 rds). 3,477,057
N. Y. L. Erie & West.. 2,572,317
Chic. & North Western 2,491,366
Penn, t (3 rds)............. 2,445,12s*
Illinois Central...........
2,311,809
Southern Pac. (6 rds.)i 2,092,716
Lehieh Valley||........... 1,895,652
Phil. & R. and C. & I .. 1,742,616
1,579,786
Cent, of N. J. X...........
Nortnern Pacific . . . . . 1,520,518
Chic. Burl. & Quincy.. 1,453,723
Chic. Mil. <%St. Paul.. 1,453,355
Canadian Pacific........ 1,318,107

EARNINGS FO R

12 M O N T H S .

Balt. & Ohiô®2 rd s*6.* $1,245.263
Del. L. & West. (3 rds), 1,203,734
D-l. & Hudson (1 rds). 1,"83,515
Manhattan Elev.......... 1,021,711
Chic. & Gr. Trunk J ...
896,785
704.562
N, Y Oen'ral...............
Grand Truokt. ..........
526,083
Denver & Rio Grande.
394,628
Mi h. Cent. A Can. So.
363,000
N. Y. Chic & St. L ....
34«>t513
321,506
Northern Central____
Wabash........ .........
313,201
Phil. Wil. A Bal*........
306,"82
Cliio. Burl A N orth...
299,634
247.202
Ohio. & Alton ..............
Burl. C. Rap. A North.
246,284
Buft. Roch. & P itts ....
237,567
Louisv. Evans & St. L.
236.540
N. Y. Susq. & West . . .
232,930
Louis. N. A. A Ohio . . .
225,105
Col.gHock. V. A T o l...
203,853
Total (representing
59 roads)........... $42,711,597

* For year ended October 31. t For eleven months, t The net de­
creased $1,038,668 on Eastern lines and $1,406,461 on Western lines.
||For year ended November 30.

When the roads are arranged in groups in our usual
way, it is found that outside the Mexican*group no
group has escaped a loss in gross and only one a loss in
net, namely the New Bugland group, where there is
an increase in net of $2,208,735, or 10*41 per cent. It
deserves to be noted, too, that in 1893 there were but
three groups which made gains in gross and only one
which made a gain in net. In ratio the very heaviest
loss in gross is that of the Northwestern group, where
the decrease is $19,220,367, or about 15 per cent. In
amount the heaviest decrease is furnished by the trunkline group, the falling off there reaching $41,872,212,
the ratio of decrease, however, being only 13 per cent.
The Southern roads have the smallest amount of fall­
ing off, both in ratio and amount, the figures being
$2,460,020, or not quite 3 per cent. In the net the
Southern group shows only a very insignificant decline
— $175,968, or £ of 1 per cent. The groups which have
very heavy losses in net are the Southwestern, 25*07
per cent, the Anthracite Coal, 20*28 per cent, and the
Pacific Coast, 20*00 per cent. For the Trunk Line
group the decrease is 10*65 per cent, for the Middle
States group 11*50 per cent, for the Middle Western
14*19 per cent, and for the Northwestern 13*66. At
the end of this article we give a full detailed statement
showing the results for all the roads under each group,
but to facilitate comparisons between the aggregates
for the different groups we furnish here the following
summary.

329

had for any month of the year. Bat that feature loses
its significance when we bear in mind that ,we are com­
paring with a month in 1893 in which both gross and
net had been very heavily reduced, the loss in gross
then having been $8,301,160, or 14*75 per C8nt,
and in net $3,245,269, or 17*62 per cent, as will appear
by the following.
Fear and
number
of roads.
December.
I860
1800
1891
1892
1893
1894

(108)
(117)
(132)
(124)
(121)
(132)

Gross Earnings.
Tear
Given.

Net Earnings.

Increase or
Preceding. Decrease.

Tear
Given.

Tear

*
61.588,029
65,578,078
«4,137,108
62,643,259
47,982,276
4T.871.095

*

46,883,356
52,88*,943
58,870,658
01,501,007
66,283,430
49.888.130

>

+4.705.073
+2,697,135
+5,260,510
+1,141,652
—8,301,160
—L90+4251

*

Tear
increase or
Preceding. Decrease.

18,007,97**
17,749,328
21,071,097
20,791.501
15,170.388
15.044.638

<

$

15,552.147 +2,455,831
17.827,725
—78,397
18.400.852 +2,634.245
20.739.852
+54,652
18,423,657 -3,245.269
15.295.650
-251.014

As between the different roads and the different
groups, the result for December 1894 varies a great
deal, and there is considerable irregularity. In the
gross four of the nine groups are able to show small
gains. In the net five groups are distinguished in
that way, the improvement in two of them reaching
large figures. The two groups are the Southwestern,
with 17*94 per cent'increase, and the Middle Western,
with 15*27 per cent. On the other hand the anthra­
cite coal group has a loss of 44*74 per cent, chiefly,
however, because of the heavy falling off on the Read­
ing, and the Pacific Coast group a loss of 19*19 per
per cent. The summary is as follows.
Se c t io n o r
Gr o u p .

Gross Earnings.
1894.

1893.

December.
I
$
Trunk lines..(10) 15,405,932 15,507,110
Anthra. coal ( 6)
3,750,719 4,647.045
East. A Mid. (14) 1,702,735 1,0 9,802
Mid. W est’n.(26) 3,672,659 3,538.807
Northwest’n ( 8) 5,512,520 6,407,007
5,583,814 5,003,013
8outhwest’n(17)
Pacific Coast (14) 3,750,648 4,211,487
S outhern....(36) 7,730,221 7.506,876
Mexican...... ( 1)
756,447
718.914

1894.

$
4,477,250
1,030,710
419,351
993,056
2,344,834
1,000,216
1,386,320
2,782,235
261,070

$
+73,197
—461,187
—40,805
+151,712
-79,049
+287,010
—260,002
+28,400
+£5,770

T o t ..(132 r’ ds) 47.871,095 49.838.120 16/'44.636 15,295,650^

-251,014

N o t e .—INCLUDED UNDER

Trunk Lines.

B. A O., East o f Ohio.
B, A O., W est o f Ohto.
B, A O. Southwestern.
Clev. Cin. Chtc. A St. L.
Peoria A Eastern.
N. Y. Lake Erie A West’n
Pennsylv, East o f P. A E
W est o f P'tts. A Erie.*
Pitts. Youngs. A Ash.
Wabash.

$
4,550.447
669,523
378,549
1,145,307
2,265,785
1,887,220
1,120,264
2,810,035
316,840

Net Earnings.
1893.
Inc. or Dec.
P.Q
1-64
44-74
9-7S
15-27
8-37
17-94
1919
102
21-36
1-64

the head of—

Middle Western.—(Con.')

L ouiiv. N. A. A Chlo.
Manistiqne.
Ohio Southern.
Peoria i>ec. A Evansv.
Pitts. Mar A Chic.
Pittsburg A Western.
Sag. Tns. A Hur.
st. L. Ait. A T . H.
Tol. A. A. A N. M.
Toledo A Ohio Central.
Tol. Peoria A W.

Pacific Coast.—(Oon.Y,

Un. Pac.
St. Joseph A Gr. Island.
Kan. Cltv A Omaha.
Central Branch.
A tchison Col. A Pao.
Montana Union.
Man. Al. A B.
Un. Pac. Denv. A Gulf.

Southern tt “Ms.

Alabama Midland.
At Ian a A W est Point.
N. Y. Ontario A W est.
Bir. A Atlantic
Northwestern.
N. Y. Susq. A West.
Burl. Cedar Rap. A Nor. Brunswick A W estern.
Phi la. A Reading.
Chic. Burl. A North.
Carolina Midland.
Oe itral o f Georgia.
Coal A Iron.
Chic. Burl. A Quincy.
8ummit Branch.
Chic. Mil. A St. Paul.
Char. Cin. A Ohio.
Lvkens Valley.
Char. A Sav.
Iowa Central
Gross Earnings.
Net Earnings.
Eastern and Middle.
Keokuk A W estern.
Cheraw A Darlington,
Sec tio n o r
Adirondack.
Minn. A St. Louis.
Chesapeake A Ohio.
Gr o u p .
Allegheny Valley.
St. Paul A Duluth.
One*. Ohio A Southwest.
1894.
1893.
1893.
Inc. or Dec.
1894.
Southwestern.
Cin. A Ken. Southern,
Bach A Hamm ondsport.
Arkansas Midland.
Elevated.
Gadsden A A ttala Un.
Jan. 1 to Dec. 31
$
«
P. C. Brooklyn
$
2
$
Buff. Koch. A Pitts.
Aten. Top. A Santa Fe.
Georgia.
New Engl’d .( l l ) 69,831,917 72,405,312 23,434,247 21,225,512 +2,208,735 10'41 Camden A Atlantic.
St. Louis A San Fran.
Ga. Southern A Fla.
Trunk lines..! 16, 271,806,849 313.679,001 81,311.578 91,005,654 —9,694,076 1065 Cumberland Valley.
G ulf A Chicago.
Atlantic A Pacific.
J ck. Tampa A K. W .
Colorado Midland.
Anthra. coal (15) 138,615,634 157,304,373 30.860,225 38,708,303 —7,848,078 20 28 Jamestown A Lake Erie.
Northern Central.
Kan. City Mem. A Bir.
Crystal.
Mid. States. (32) 48,945,126 54.419,414 10,209,822 18,383,833 —2,114,011 1P50 Stony Clove A C. Mt.
Denver A R io Gr.
Louisville A Nashville.
Eureka
Springs,
L'iusv. St. L A Tex.
Ulster
A
Delaware.
Mid. W est’n.(35) 62,105,681 71,235,583 19,085,406 22,242,687 —3,157,281 14-19
West Jersey A Branches. s't. W orth & Rio Gr.
Macon A Birmingham.
Northwest’n(12) 108,968,130 128,188,497 37,970,570 43,975,607 —0,005,037 13-00 Western
Md.
H ouston E. A W. Texas. Nash Chat. A St. Louis.
South west’n (19' 62,025,128 71,801,644 16,439,172 21,938.706 -5,499,534 2507 Western N. V. A Penn.
New Orleans A So.
Kan. C. Ft. S. A Mem.
Rio Grande Southern.
Norfolk A Southern.
Middle Western.
Pacific Coast (22) 108,849,870 123,299,822 34.415,610 43,020,000 —8,6)4,330 20-00
Chic. A W est Mich.
Sc. Louis Southwestern. Norfolk A Western.
S outhern.... (37) 82,489.890 84,949,910 26,324,190 26,5'0,158
—175,968 0-06 Oin. Jack. A Mack.
Ohio River.
San Ant. A A . Pass.
Sllverton.
Owensb. F. o f R. A G R
M exican.......( 4) 15,302,405 11,689,005 5,091,887 5,125,850
+566,037 11-04 Cin. Ports. A Virginia.
Cleveland Akron A Col. Tex. Sab. V. A N orthw’n. Petersburg.
Rich. Fred. A Pot.
W aco A No’ western.
Tot.. 1200 r’ds) 969.00+5*7 1091975721 291.801.707 332.126,310 —40.328.603 12-14 Clev. Canton A South’ n.
Rich. A Petersburg,
Pacific
Coast.
Clev. Lorain A W heeling
sav. Am. A Mont.
Det. Cans. A Nor.
Canadian Pacific.
M i l e a g e .— The mileage for the above groups is as follow s: New
Sav. Fla. A W estern.
Nevada
Central.
Elgin
Joliet
A
Eastern.
England, 5,258 miles against 5,164 miles in 1893; Trunk lines, Grand Rapt is A Ind.
Oregon Im provem ent Co. Southern R *il way
W estern o f Ala.
Rio Grande W estern.
24,339 against 24,215; Anthracite coal, 5,226 against 5,146; Illinois Central.
Indian. Dec. A W.
San. Fran. A North. Pac. W est Va. C. A P.
Middle States, 4,516 against 4,491; Middle Western, 11,929 against
W rightsv. A Tennille.
Iron Railway.
Union Pacific—
Mexican Roads.
Union Pacific Railway.
11,929 ; Northwestern, 22,725 against 22,573; Southwestern, 15,472 Kanawha A Michigan.
Lake Erie A ll. A So.
Ore. Sh. L. A Utah Nor. Mexican Central.
against 15,619; Pacific Coast, 24,596 against 24,490; Southern, 16,675 L ike Erie A W estern.

Anthracite Goal.

against 16,610; Mezioan, 4,041 against 4,041;] grand total, 134,777
against 134,278.

* We include these W estern lines In onr table bv ta'-cing an estim ate fo r 1693
on which to base the increase or decrease reported tor this year.

A few words regarding the results for December,
the closing month of the year. In the aggregate the
changes for that month are not very important, though
of unfavorable nature, there being a decrease of
$1,966,425, or 3*95 per cent, in gross, and a decrease of
$251,014, or 1*64 per cent, in net. With the exception
of August this is about the best comparison we have

Among the individual roads the Burlington &
Quincy, the Union Pacific and several others are still
conspicuous for heavy declines in both gross and net,
but on the other hand the Atchison, with $128,305
decrease in gross, has $156,308 increase in net, and the
Wabash, the Big Four, the San Antonio & Aransas
Pass and the Chesapeake & Ohio have quite respectable




THE CHRONICLE.

330

The following shows the

gains in both gross and net.
changes down to $30,000.

PRINCIPAL CHANGES IN GROSS EARNINGS IN D E C E M B E R .

In creases.
d e v . Cin. Ohio. & St. L.
8 &n. Ant. & Ar. Pass....
Chesapeake & O hio....
Norfolk & W estern....
Pitts. & West. (3 rds)..
N. T. Susq. & West . . .
Louisv. <& Nash........
Nash. Chat. & 8t. L.......
Mexican Central..........
Wabash..........................

$84,498
82,771
81,908
76,76*»
70,821
48,927
41,554
39,680
* 37,533
30,078

Total (representing
12 roads).............

$593,530

Decreases.
Phil.* Read.and C.&.I. $891,639
Ohio. Burl. & Quincy... $ ‘ 35,875
Union Pacific (8 rds)..
362,749
Ohio. Mil. & St. Paul...
330,651
N. Y. L. E <&West.......
142,822
Atch.T.&S Fe (4 rds)..
128,305
Canadian P a oiflo.......
79,025
Penn, t (3 roads)..........
78,454
Ka n. O. Ft. S. & Mena..
73,497
Burl O. R. & No’n .......
51,922
Summit Br.AL. Valley
47,532
Iowa Central................
41,761
Total (representing
26 roads).............$2,664,232

t The gross on Eastern lines decreased $149,056 and on Western
lines increased $70,602,
PRINCIPAL CHANGES IN N E T e a r n i n g s IN D E C E M B E R .
D ecreases.
In creases.
Ateh. T. & S. E. (4 rds). $156,308 Phil.A Read.and C A I. $480,246
262,695
Wabash..........................
137,549 Union Pacific (8 rds)...
113,0 4
Illinois Central...........
91,510 Ohio. Burl. A Quinoy..
N.
Y.
L.
E.
A
west.......
94,403
San. Ant. & Ar. Pass..
88,548
47,411
Mexican Central.. . . . . .
55,770 Penn.i (3 rds)...............
Northern
Central........
55,404
Clev. Cin. Ohio. A St. L.
49,986
5?,801
Ohio. Mil. A St Paul...
41,807 Kan. C. Ft S. A Mem..
43,276
Gr.Rap. A Ind. (4 rds)..
36,736 Sav. Fla. A West........
39,687
St. LouisSo’ w estern...
36,698 Georgia..........................
Louisv. A Nash ..........
35,407
Total (representing
Chesapeake A Ohio... .
35,225
19 roads).............. $1,188,930
Cumberland V alley....
34,945
Pitts. A West. (3 rds)..
30,718
Total (representing
21 roads).............

$831,207

t T h e net decreased $166,237 on Eastern lines and inoreased].$118,826 on Western lines.
BARKINGS OF UNITED STATES RAILWAYS JANUARY 1 TO
DECEMBER 31.
New England—
Bangor A A roostook..
Bennington A Butt'd
B oston A A lbany.......
Boston & M aine.. . . . .
Bos. Hey. B ’h A Lynn.
Bridgton A 8aoo BIT..
Fitchburg.....................
Maine Central! ......

W. V. A New England.
N. Y. N. Hav. A Hart.
V erm ont V alley.........

— Qrott —
1893.
1801.
$
8
190,333
360.292
259,090
229,»110
9,791,751
8,972,000
Iff,29*,310 10,882,895
816.710
285.333
28 350
29,333
7,853,359
7,018.183
1,5.1,138 4,951,835
6,019,2'8
5.475,027
20,460,810 20,424,008
183,108
188,255

1894.
124,533
27,452
3,451,262

6,628,208
100,219
10.710

2,218.128

1,603,303
1,603.2X7
8,647,940
59,133

— N et 1893.
00,550
41,700
8,888,155
4,925.818
44,473
10,221

9,112.220
1,610,310
1,601, <85
7,86 >,154
50,004

Ine. or Dee.
-1-63,088
-14,25*
+03,107
+702,450
+5,740
+49»
+105.908
—6.947
+1,988
+1,283,702
+ 2,4 79

72,405,312
1893.

23,434,247
1894.

21,225,512 +3,208,73»
1893. Inc. or Dtt

18,751,482
0,488,078
0,6 .'2,848
18,789.063
1,710,049
18,290,439
3,937,021
1,032,897
28,885,938
10,178,031
40,710,573
0,787,748
29,418,045
08,375,223
40.100,296
65,104,880
618,419,059
61,279,085
13.750,161

6,703,488
724.63«
2,301,944
8,28 »,000
203,448
4,714.067
def.3,146
119,154
6,300,588
3,6 -7,000
14.112,789
1,150.098
6,905,870
18.840,540
11,0 7,727
61,022 683
64,202,449
6480,798
2,735.740

-510,343
0.219,830
1,453,457
-728,921
—34,894
2,341,338
—74,320
3,800,980
199,544
+03,899
5,240,140
—620,081
893,039
—890,785
-40,954
100,108
—195.45*
0,502,020
—803,00e
8,890,000
—704,60«
14,817,351
—340,51*
1,491,211
9,477,093 —2,672,317
19,379,208 —1,038,608
12,401,188 —1,400,401
-632,413
61,554,490
64,633,520
—271,077
+17,77«
6469,022
-318,901
3,048,017

Total (19 roads)... 271.806.849 313.679.081
1594.
1893.
$
9
Cent, o f N. Jersey«..,. 11.208.532 13.392,073
Delaware A H udson.. 18.038.219 20.672,318
Albany A Susa........ 63,8 >4,051 64.303,321
68)0,590
6810,158
N. Y. A Canada.......
Benss. A Saratoga.. . 62.222,7 9 62,259,700
Del. Lack. A W est .. . 43,058,802 48.790.973
N.Y. Laok. A W est. . 6*.3fl8.f>82 69,081.790
6919.094
Srra. Bing. A N. Y. . 6895 590
Lehigh V alley!— .. . 17.8;-0.694 18.010.777
3.901,140
N. Y. Out. A W estern . 3.7<7,1)8
1,782,909
N. Y. Susq. A W est... . 1,070.000
Phila. A Beading...... ., 20.U4.192 22,012,992
Coal A Iron ............. . 21.545,809 25.100.842
1,207,209
977.098
Summit Branoh........
1,112,550
874,010
Lykens V alley........

81.311,578
1894.

Total (11 road s).,. 69,831,917
1894.
Trunk Lives—
Balt, A O. -B ast O. B. 10,987,319
W est Ohio B iyer.... 4,767.149
B. A O. Southw’n...... 0,232,446
Clev. Cin, Ch. A St. L . 12,948,110
Peoria A Eastern.. . 1,580 063
Grand Trunk.a........... 10,309,151
Ohio. A Gr. T ru nk.«. 2,495,402
934,333
Det. Or. H. A Mllwa.
Lake Sb. A Midi. So.. 19,574,945
Mloh. Oen. A Can. So. 12,700,000
N. Y. Cent. A Hud. B . 41,797,493
N. Y. Chic. A St. L .... 6.029,439
N. Y. Lake B. A West 24,6 ;9,773
P en n ,—Bast P. A B ... 68.704.284
W est Pitts. A E rie.. 34,970,730
Phila. A B r ie .... .. 63,905,197
Pitts. C. C. A St. L .. 1)16,703,074
Pitts. You. A A sh ... 61223.470
W abash........................ 11,6.4,323

$

Anthracite Coal—

9

9

8.812,110
5.538.672
61,700,710
6109,040
6787,419
7.049.007
61.151.0 0
6115,127
2,009.705
1.034,881
530,000
8,810,419
def.30.32S
def.4,941
def.14,020

Total (15 roads).. .188,616.034 157.304,373 30,880.225
1891.
1893.
1894.
Middle States9
9
$
24.533
87,800
84.977
A ddison A Pennsylv.
173.544
48,9*3
177.011
A dlrondaok................ ,
824.928
A llegheny V a lle y ..... 2,170,708
10.0 i3
53,360
67.955
Aunap. W ash. A Balt.
17,033
83.874
35,529
Bath A Hamm oudsp’t
074,755
1.839,- 80
Brooklyn B le y a te d ... 1.730,818
8,393.157
799,148
Buff. Booh. A Plttsb’g 2,733 211
2<8,«10
897,090
853,598
Camden A A tla n tic...
2 ’,415
1,734
22.875
Gent. Penn. A W e s t..
255,323
893,604
612,081
Cumberland V a lle y ...
236,443
872,973 def.47,?83
Dunk. Al. A Pitts.......
398,138
110,140
894.021
El Oort A N orthern ...
718.490
622,739
258, 89
Fall Brook...................
580.717
812,778
703,008
H un t. A Broad T op ..
67,010
7,190
4 <,825
Jam est’n A L. Brie....
661,057
113,917
330.223
Lehigh A H u d son ...,
1.480,009
4,209,041
4,052,166
L ong Island................ »,
uo», j.co
4,167.494
Manhattan B leyated. 9,613,624 10,703,183
8*0.727
198,845
N. Y. Phila. A N o rf...
901,091
220,603
227,223 d ef.l 295
N. Y. A Book. Be »oh
13I.H89
18,833
101,970
North. Adirondack..
0,881,808
1,797,144
N orthern Central....... 6,031,231
2.310,027
9,808,001
Phila. W . A Balt*...... 8,095.9)0
156,439 def.1,195
P, F. A O. Island........
140,544
401.731
1,024 *82
Staten Isl. Rapid T r .. 1,01*,904
47,023
19,090
Stony O’ye A Cats.Mts.
44,535
737,570
192,178
Syr. Geneva A Corn’g.
642,806
107,«97
43<,6"6
U lster A D ela w a re....
411.456
44 816
119,791
W >lkill V alley...........
U l 087
1,711,403
400,608
W est Jersey................. 1,’ 79,871
1,194,203
455,080
W estern M aryland... 1,248,133
901.954
3.494,008
W est. N. Y. A P e n n .. 8.105,940
T otal (33 roa d s)... 48,915,125




51,419,414

16,203,832

3

9

Middle Western—
Chicago A A lton ........
»'hie. A W est M ich ....
Cin. Jack. A Mack......
Cin. Leb. A N orth’n . .
Cin. Ports. A V ir.......
Clev. Akron A C oi.. ..
Cleve. Lorain A W h ’g.
Coi. Hock. V. A T ol...
Det. Bay City A A lp ..
Det. Lansing A North
Elgin Joliet A Bast’n.
Flint A Pere M arqa...
Gr. Bap. A Indiana__
Illinois Central...........
Ind. Dec. A W est........
Iron.............. ................
Kanawha A Mich.......
Lake Brie A ll. A S o ...
Lake Brie A Western.
Louis.Evans A St. L..e
Louisv. N. Al. A Ch....
Manlstique..................
Peo Dec. A Kvansv...
Pltts.Char. A Y ough’y
Pittsb. Mar. A Cblc...
Pittsburg A L. B rie...
Pittsburg A W est’n ..
Sag. Tusc. A H uron...
Sag. Val. A St. Louis..
St. L. Alt. A T . H .......
St. Louis Van.AT.H.*
Tol. A. A . A N. M ich..
Toledo A Ohio Cent.i
Tol. Peoria A W est’n.
Wab. Ches. A W est..

Northwestern—
Burl, Ced. Bap. A No..
Ohio. Burl. A North’n.
Chlo. Burl A Quincy..
Chic. Mil. A St. P a u l..
Chic. A Northw........
Ohio. bt. P. M. A Cm.
Duluth A Iron Range.
Iowa Central..............
Keokuk A W estern...
Mlnnaap. A St. Louts.
Quincy Oma. A K. C.a.
St. Paul A Duluth......

[V ol . L X .
-Gross.1803.
1894.
*
*
7.566,640
6.282,230
1,892,710
1,696,517
066,989
037.099
181,714
125,950
200,284
253.704
072,113
857,713
1,892,538
1.238.417
8.270,302
2.089.788
233.621
880.470
1.205.093
1.0P8.723
988 639
1 035.032
2.528.960
2,201,253
2.80..287
2.4*7.144
18,345,3 U 22,040,969
442.611
427.085
42.350
41.470
880,081
864,437
77.192
77,465
3,345,404
8,512,621
1,391,128
1.006 104
2,889,138
8,469,552
74,420
62,503
859,452
807,076
188,217
174.327
30.891
34.324
4,010,783
8,880,175
2,613.025
2.4P8.779
118,599
125,518
85.941
92,564
1,563,974
1,339,951
1,884,746
1,049,118
I.OSh.854
1,03«,230
1.802,208
1.952,092
076,469
S93.P80
81,000
05,782
62,105,581
1894.

«

71,236,583
1803.

«

1894.
1893. Inc. or Dee.
9
9
9
2.603.549
—247.202
2,910.751
318,758
-79.809
398.507
112,209
+10.443
101,707
46,739
49,898
—3,159
47.854
+ 8 254
39,000
277,844
202,075
+15,109
361.217
85/S.723
+5.494
1,257.708
1,461.620
—203,868
88,832
l r8 2 <5
—09,403
700,169
204.300
—84.137
299 840
279.817
+20.029
601,310
022,931
—21,015
590.088
607.374
+88.714
4,895,906
7,207.774 —2.811,809
117.219
103.149
+14,070
7,002
4.135
+2.927
101.541
109,629
—8.088
10,3 Iff
12.788
—2.475
1,479,552
+15.074
1.463,878
471.055
—230.540
235.115
1,140.689
—22M05
915.284
27.493
-8,949
18,644
—155.403
233,4 76
888.878
+18,199
43.722
61.921
2.173
+4.800
7.033
1.224.551
-1-88,479
1,130.072
783,356
653,153
+129.204
34,032
38 843
-4.811
21.720
27,516
—6.790
—40,139
592,161
032.300
S74.444
636,952
—102.508
260,841 def.43,400
+310,241
019,921
057,513
—87.593
223,747
188 773
—34,974
25,393
20,759
+4,034
19,085,400
1894.

9

22,242,687
1893.

9

-3,157,281
Inc. or Dee.

8,748,831
4,221,755
1.020.61*
1,372,897
—210,384
1,828,»09
540,430
3,301,150
848,070
—299,634
31,514,878 88,360,483 12,400,671 13,854,294 —1.453,723
9,976,020 11,428,881
*8,473.360 88,830,022
■1,453.365
9ÌOO8.034 0 11j 00.000 --3.491.3S0
29,119,303 a 83.800,000
2.361.485
7.297,019
2.485,890
-183,900
8,328.927
79» 588
1,616,837
1,202.865
021,880
+177.758
1 918,913
1,073,071
631.281
00 .863
—130.671
803,648
880,045
113.102
128.247
—15,08»
657,738
1,777,301
1.786.264
716.086
+68.048
212, 1*2
68,098
249.708
68,355
-3 4 3
441,083
1,442,180
1,713,769
468,205
—17,1*2

128,188,197 37.970,570 43,975,007 -0.005,087
1894.
1894.
1898.
1893. Y Inc. or Dee
Southwestern—
*
9
9
9
9
38,480
Arkansas M idland....
102,760
87.862
60,000
+18,180
A t.T . A S.F .+. 8 9,0...,
11,187 47,677,143
9.189,378 14,896,121 -6,706,743
280,740
94.020
102,731
Austin A N orthwest.«
841.602
-8,111
Choc, oklah. A Gulf..
209,270
91.582
92.306
206,247
—733
11.038
14.814
3,605
0.146
-2,041
........
Crystal...........
Denver A B io Grande 0,700,109
7,731.911
3,746,115
8,189.748
—SD4.028
Buresa Springs..........
73,«16
78.4 05
40.019
41.192
+1.173
Ft. W ’rthADen.Cltya.. 1,192,112
279.601
335,480
1,378,077
—55.925
896,000
879,360
118.934
+44.714
Ft, W th. A Bio Grrde.
103,048
489,lr
0
461.474
191.729
174.340
Mous. B. A W . Texas.
+17.889
5.287.079
1,461.906
Kan. C. Ft. S. A Mem.
1.806.769
+80,140
i.ansas City N ’w est...
1
847,120
14,020
01 .<>81
—40,411
Kan. City A Beatric.
13,604 def.42,348 def.28.104
—14,244
Rio Grande Southern.
192,293
460,737
207,920
—16.027
6,008,*60
1,058,011
825.193
St. Louis Southw.......
+232,819
1,881.651
872,240
San. An. A Ar. Pass...
024.880
+262,146
2*3,814
110,083
72,001
Texas Central.............
+4.-1,972
67,603
6 810
14.602
Tex. Sab. V.A N. W ..
—7,810
238,280
169,800
W aoo A Northwest’n.
103,980
+56.880

16,439,172 21.933.703 —5,499,594
1893.
1894.
1893. Inc. or Dee
*
9
9
$
1 20,902,310 6.423,309
7.741.410 -1,818.107
34,070
89.897
def.403
7,582
-7.985
Northern F a clü c.c.... 16.791,832 19.778,648
6,106.249
6.710.707 -1.620.518
723.9V6
Oregon Improvement. 8,761,255
8,877.748
—20,115
697,311
Rio Grande W estern.. 2,103,060
2.263 973
000,540
820,168
—106,018
827.910
San Fran. A No. P a o ..
8 *
295.318
261,028
+83.09»
1 44,31-0.740 14,183.278 10.236.994 —2.092.716
South’n Paclflo Co. (0)a4O,7
Gal. H a r.« San A n t« 63,860,355 63.880.710 61.151.706
6958,940 +6192.820
6419,757
Louis. Western « . . .
5896,698 61.010.72*
-600,013
64*6,773
M ’gans. La. A T e x .« 66,324,097 65,003,311 61.2U.7H9 61,020,671 +6186,108
6241.051
698,248
68 ',455
N. Y. Tex. A Mex.a. 5239,827
•+60,793
b660,339
Tex. A New Orl’s « .. 61,417.689 61.620,936
6733,424 -6107,08»
632,3 8,862 610.042,993 612.892,879 - -62.249.887
613,840.480 64,590.842 65,432.774 —6835,933
01,005.654 —0.694,070
27.8il.835
6.409,189
9 940.240 —8.477.057
1893. Inc. or Dec Union Paclflo (8 rd s.). 23.254,029 617,870.792
64,632.17« 60.798.624 --62.160.348
9
1 ps.sn.ffas 61,372,970 63,299.489 -6920.61 S
5.3ll.903 -1.679,780
61.006.099
6190.013
6387,912 —6147.299
St. Jos. A G. Island.
6.022.187 —1,083 518
6100,420 6def.24.707
622,820
Kan. I lty A Omaha.
.—617.593
61,995,080
—244,350
6484,620
6171,328
—647,98$
6123.287
6143,815
+25.746
A
tch,
Col.
A
P
a
o
..
I
6486,879
69,294
616,123
—67,12®
67*9.349
-1.930
A tch. J. C. A W ....Î
8.253.401 —1,203,784
Ï
6708,111
665.883
6178.919
—6118,087
Montana U nion.......
64.3<’,9l8
—180.312
»
643.580 6def.l3,114 6def.19.180
+60,073
Man.
Al.
A
Blrm
..
..
6i02,837
+ 12 .2 10
637,492
3.310,900
—30,254
607,740
P. I en. A G u lf«..
5,905.417 —1,826.053 Un.
>
13.449
2,642
+285
2,827
l,Ol.*.210
+71.068 Visalia A Tulare........
702.9 40
—232,9*0
123,299.322 84.415,610 43,020,000 -8,604,390
9,333,803
—473.387
1.232,90 L —1,309,229
1894
1893.
1894.
1898. Inc. or Dee
93.925
—98 886
9
South’ n Roads—
»
9
*
9
68,018
—82,644 Alabama M idlan d....
668 187
618.577
40,119
+ 9,221
*0,898
480,376
*01.8-3
189.0 »4
166,200
+83,028
Atlanta A W est Point
38,708,803 —7,848,078 Blrmingh. A Atlantic.
21,124
28,301
de f.905
1,345
—2,250
67,207
60,868
16,0*7
14,349
+1.298
1893. Inc. or Dec. Carolina M idland......
108,460
165,747
24,951 def.34,739
Char. Cinn. A Chic....
+69.090
$
9
016,927
030.407
159
094
- 4.93*
164,102
29,224
—4,681 Char. A Savannah —
8-,932
91,887
20,078
24,836
—4,758
48,870
-1,877 Cheraw A »»arlington.
9,866,471
8,012,8*6 8,092,592
—79,737
877.027
—62,0! 9 Chesapeake A O hio... 9,127,006
2,827,328
700,932
823 204
—02,883
21,087
—6,031 Ches. Ö. A So’western 2,176,217
10.603
12,473 def.3.140
d e f.l.004
—2.130
19.760
- 2 793 Cin. A Ken. Southern,
80,633
72,044
18.) 33
8,100 +10,123
742,999
—08 244 co ). N. A Laurens. ...
6.772
9.392
8,851
—1 981
6,*32
1,030.715
-3.<7,507 Gadsd. A A tt. Union..
1,419.738
412,091
463,501
—89,8)0
19*.359
+50,461 Georgia........................ 1,348 649
822,410
+71,403
228,516
152,113
def.09
+1,8 iS Ga. South. A F i a ...... 879.882
49,»2l
45,205
0,187
-1,140
7,827
199.975
+66,348 G ulf A Chicago...........
808,601
809,848
314,305
985,730
+28.0 25
def.40,828
—905 Jacksonv. T . 4 K . W .
1,125,852
—17,018
175,889
192,007
110.891
45,249 Kan. C. Mem. A B lr... 1,050,2)0
7,812,014
7,884,248
— 41,634
857,451
- 9 8 463 Louisv. A Nashville.. 19,405.293 20,474,6-2
418.870
626,094
80.474
10 ,188
—*4.708
809,420
—56,643 Louisv. St. L. A T e x ..
79,114
05,620
13,909
+1,375
12.594
6,902
+294 Macon A Birmingham
-48,920
1,175,173
1.224.009
103,270
-49,353 Mobile A O hio............ 8.200,888 8,331,010
4,727,480
4.623,910
1,925.744
—09,135
1,850.009
1,405.477
474,693 Nash. Chat. A St. L ...
102,405
180.613
—6.0u8
2.076
7.0*3
5,1*9,205 -1,021.711 New Orleans A South.
*38.281
436,285
-13,700
143.122
160,828
194,248
44.6)7 Norfolk A Southern...
2,833,157
—186,010
9,040,647
21.320
- 23.015 Norfolk A W estern .... 10,840,*5« 10,032,617
712,431
790,202
270,903
—34,705
311.728
4*,704
—25,871 Ohio River....................
617.811
622,685
4-4.490
188.144
183.648
8.118,050
—821,506 Petersburg...................
098.076
732,153
242,073
201,237
+19,164
2,058,409
—608,782 Rich. Fred. & Pot’mao
329.882
335,311
81,711
74,909
+6.80*
10.005
—17,700 Klohmond A P etersb..
4*9,394
492.499
50.901
+14,547
05.608
352,811
+61.923 Sav. Amer. A Mont.. .
—69,08»
8,880,400
1,121.579
1.190,004
13,806
+6.291 Sav. Florida A W est.. 3,440,597
18,019.67t 19,280,888
4,657.445
4,961.819
+894.874
210,400
—54,2*8 Southern Railway
129.870
95.074
30,107
36,767
+2.360
148,005
—40,308 8 .S . Oc*la A G u lf....
683,005
497.191
153.325
131.808
+82.017
48,375
—3,609 Western o f Alabama.. 84
',823
978,001
19 ,758
—0,121
100,637
420.025
—20,017 W . Virginia A Pittsb.«
992,505
337,821
1,167.076
430.821
-98,000
883,200
+71,874 w . Va. Cent. A Pittsb.
78,528
12,799
+14,513
70,948
27,312
992,133
—30,179 W rlghtsv. A Tennile..
18,383,833

—2,114,011

71,004,044

Pacific Coast—
Nevada Central..........

1894.
9

Total (37 roads)... 89,489,890 84,949,910

26,384,190

20,500,158

—175,968

F e br u ar y

THE CHRONICLE

23, 1895.j

331

are accustomed to make all theii leading transactions
through New York, and in fact the Treasury was informed
bv one banking establishment in New York that tbey had over
150 requests for gold in exchange for notes over its counters
on Wednesday, the 30th day of January.
“ In considering the details of the contract, it must be re­
+5e«,OI7
5,125,850
6,691.887
Total (4 roads)...... 15,302,405 14,689,605
membered that the Treasury was dealing with a community
Grand total (306 r’d s)..986,003,527 1081.976,721 801802,707 332,130,810 —40,388,60» more or less excited and panicky, and that foreigners had
been for a long time distrustful regarding American securi­
a Figures and comparisons fo r this road »re for the eleven m onths ending
ties, and had sent large quantities to this country for sale.
N ovem ber 80. the December returns not being ready yet.
w
b Not counted In footings, because Included In earnings o f the system under The people wi h whom the dealings were made had taken
which this road appears.
, _ ..
part in the November syndicate, and had s^eo the bonds,
c Includes operations o f branch lines in both years,
e (lovers period from Jan. 5 to Dec. 31 in both years.
., .
purchased at that time at 117, rise snarply to 119, aad tail
a This Is an estimate to show approximately what earnings would be if com ­
pany had Included Milwaukee Lake shore & W estern fo r whole year instead o f thereafter to 114—the latter figure showing a net loss ot' 3 per
fo r only last fou r months.
cent on the price paid by the syndic its. Considering this
* For year ended October 91.
. a
_
fact in connection with the possible hostile action on the part
+ These figures include Atchison Topeka & Santa Fe, St. Louis & San Franof Congress, it is not surprising that a high pries could not be
Cisco. Colorado Midland and Atlantic & Pacific.
t Toledo ''olum bus k Cincinnati Included In both years.
obtained. In fact, it was difficult to make any dealings at
I For year ended November 30.
all. After trying for four days to get a reduction even to 35£
I For year ended September 30.
per cent, it was found absolutely impissible to obtain it, and
the position was too critical to admit of longer delay. Ic was
currently reported, and generally accepted by the public, that
THE CONDITIONS WHICH MADE THE BOND a rate of 3J^ per cent would be obtained. This is equivalent
to a little over 1093^. Tne actual amount paid by the con­
SALE NECESSARY.
tractors is 104’4946, or a shade below the late of %% per cent.
The difference ia the two prices is about 4%, or something
The following statement, showing the conditions under $3,000,000, out of which are to be pu d the expenses of
which led up to the contract for the sale of Govern­ controlling the market exchange, the difference between
and New York being 5 cents oa the pound, or over 1
ment bonds and the purchase of gold, has been pre London
per cent on the transaction ; the necessary commissions, in­
terest, taxes—which are very heavy abroad—and any fluctu­
pared by the Treasury Department at Washington.
ation which may take place before the entire amount is
“ On Jan. IT, 1895, the first indications of a general with­ marketed ; and in the present condition of financial affairs
drawal of gold for the purpose o f hoarding in this country the sale of $62,000,000 of securities would almost necessarily
were noMced. These increased rapidly, culminating on the drop the price several per cent.”
25th of January in total withdrawals of $7,156,046 on that
The following tables accompany the statement:
day. On the 28th of January the first message of the Presi­
WITHDRAWALS OF GOLD.
dent on the urgency of the situation was presented to Con­
FROM DEC. 1, 1894, TO JAN. 16. 1895.
gress. On that day over $4,000,000 was withdrawn. On the fol­
With Treas'y
With. V. 8.
lowing day, Jan. 29, over $3,000,000 was withdrawn, and, ow­
Toted.
Notes.
Notes.
rate.—
ing to the failure of Congress to act, or apparently to appreciate Deo.
$829.712
$12,036
$817,056
1,1894. .........................
the situation, the withdrawals rose on the 30th of January to Deo. 3 “ . .........................
33,283
841,981
80-1,693
57,100
1 680,773
nearly $4,000,000. On the evening of that day the negotia­ Deo. 4 *‘ . ......................... 1,623,673
1,185,157
40,535
5 “ . ......................... 1,141,622
tions were taken up in New York, and the first publication in Dec.
1,275,831
15,160
Deo. 6 “ . ......................... 1,260,671
the newspapers that the Government was about to undertake Deo. 7 “ . ......................... 1,7* 4,<>17
1,804,887
20,870
r 31,972
3,425
82 *,547
something appeared, and on the morning of the 3tst of Janu­ Deo. 8 “ . .........................
1,374,054
17,175
......................... 1,356,879
ary the withdrawals dropped to $2,359,928. Further publica­ Deo. 10 “ . .........................
966,648
150,31 0
816,343
Dec.
11
“
.
tion on the 1st of February affected the situation so that only Dec. 12 “ . ......................... 2,177,709
2,191,884
14,175
1,510,043
$1,454,865 was withdrawn, and on the announcement by the Deo. 13 “ . ..................... 1,486,770
23,273
378,250
4,948,238
newspapers (which, however, was not true) that the negotia­ Dec. 14 “ . ......................... 4,569,988
284,099
10,870
273,229
15 “ . .........................
tions had been satisfactorily completed, the withdrawals prac­ Deo.
3,436,499
24,995
Deo. 17 “ . ......................... 3,411,5<>4
tically ceased, and about $1,800,000 was returned to the Dec. 18 “ . ......................... 1,863,311
1,890,081
2 ,7 O
849,708
31,033
8i8,675
Treasury. The total withdrawals on. Feb. 2 were onlv $67,389. Dec. 19 “ . .........................
602,477
21,050
581, >27
Deo. 20 “ . .........................
The delay, however, in making public the announcement had Dec.
1,472,760
29,370
21 “ . ......................... 1,443,390
created some uneasiness, and on the 5th the withdrawals rose Deo. 22 “ . .........................
32,717
3,450
29,267
■ 57,132
9,932
47,200
to $380,302, and on the report of a hitch in the negotiations Dec. 24 “ .
649,967
64,710
.........................
5-5,257
Deo.
21
“
.
the withdrawals rose on the following day to over $729,000.
5,350
325,465
320,160
Deo. 27 “ . ............... .........
“ Messrs. Belmont and Morgan, however, came to Wash­ Deo
1,487,770
32,0-;0
28 “ . ......................... 1,455,690
548,565
45,0 >0
ington, and the papers on the morning of February 7 an­ Dec. 24 “ . .........................
503,565
17,350
829,"19
811,669
nounced that the negotiations had not been broken off. The Deo. 31 “ . .........................
1,750,323
22,295
2,1895. ......................... 1,728,028
withdrawals fell to $857,000, and on the day following, the 8th Jan.
425,731
18,185
........................
407,546
Jan. 3 “ .
of February, the contract was signed, and the second message Jan. 4 “ . ........................ 2,31 h,560
41,900
2,361,460
32,110
3",760
1 350
o f the President sent to Congress, the withdrawals on that Jan. 5 “ . .........................
15,545
39,253
.........................
23,703
Jan.
7
“
.
day amounting to $273,101. On the four succeeding days the Jan. 8 “ .
1 0.375
16,235
94,140
withdrawals were as follows: Feb. 9. $232,300; Feb. 11, $119.- Jan. 9 “ .
69,402
5 ¿,600
16,802
44,550
1,260,053
330; Feb. 12, $27,008; Feb. 13, $36,540.
Jan. 10 {‘ . ......................... 1,215,503
2,577,945
122,285
_____________
2,455,660
*‘ From early in the year every effort had been made to Jan. 11 “ . .........................
27,256
21,4<!5
5,851
Jan 12 “ .
gather gold coin and collect it at New York and Boston, the Jan.
101.820
25,005
76 815
14 “ .
10,200
1,301,153
principal points of withdrawals for shipment abroad, but on J a n .15 “ . ......................... 1,290,953
559,742
20,100
'539,642
the 2d of February all the gold coin which could be collected Jan. 16 “ .
with safety was collected at these points. Oa Saturday, the
$42,513,762
$1,528,582
Total........ ..................... $40,995,140
2d day of February, the total amount of free gold coin in the
FROM JAN. 17, 1895, TO FEB. 13, 1895.
Sub-Treasury at New York amounted to $9,700,334 50, and
With Treas'y
With U. S.
the only possible way of adding to that was from the mints,
Total.
Notts.
Notes.
$1,614,333
$78,520
.........................
$1,535,813
Jan.
17..........
whose total coinage at San Francisco, New Orleans and Phila­
3,622,415
31,8)0
.........................
3,590,565
Jan.
18..........
delphia was only about $200,000 per diem. The total amount
192,475
30.330
162,095
Jan. 19_____ .........................
of gold coin owned by the United States Government was ex­ Jan.
537,643
14,050
523,599
21.......... .........................
1,680,700
JL4,900
ceeded by the demand certificates outstanding against it, and Jan. 22.......... ......................... 1,665,800
37,640
1,713,175
the Government was practically borrowing gold coin from Jan. 23 ........ ....................... 1,675,535
3,303,552
30,045
2 4 ..........
the owners of these demand certificates and substituting gold Jan.
7,156,046
2 >6,365
Jan. 25.......... ......................... 6,899,281
995,135
bullion in its place in order to carry oa specie payments in Jan. 26.......... .......................
163,56)
831,575
4,116,<>67
30>,235
gold. The reserve on that day of coined bullion over out­ Jan. 28.......... ....................... 3,811,782
3,217,065
96,370
Jan. 29.......... ....................... 3,120,695
standing certificates was $42,612,432 20.
3,992,575
169,560
3,823,015
Jan. 3 ° .......... ........................
“ On Wednesday evening, the 30th of January, the Assistant tan. 31.......... ......................... 2,326,063
2,359,928
33,-65
1,464,865
79,270
Treasurer at New York reported to the Treasury Department Feb 1 .......... ......................... 1,385,595
67,389
2 5 ,ls0
.........................
42,109
in Washington that he ‘ thought he could hold on until Sat­ Feb. 2 .......... .........................
63,374
24,460
33,914
Feb. 4 ..........
urday,’ but tbat the next day might decide the situation.
390,302
22,095
368,207
Feb 5 .......... .........................
729,479
18,020
“ Between December 1, 1894, and February 13, 1895, the Feb. 6 .......... .........................
711,454
357,737
26,- 80
311,057
total amount of withdrawals of gold was $80,786,302, and the Feb. 7 .......... .........................
273,101
45,495
.........................
227,606
8 ..........
exports of gold during the s ime p ariod amounted to onlv Feb.
232,300
128,360
103,940
Feb. 9 .......... ..................
119,330
$36,852,389, snowing that about $43,000,000 had been with­ Feb. 11.......... .........................
17,455
101,875
27,008
5,295
21,713
drawn for hoarding purposes ia this country during this Feb. 12.......... ........ ................
36,540
36,540
eriod. In other words, that the citizens of the United States Feb. 13.........
ad lost faith in the ability of their Government to pay gold for
$38,262,540
$1,690,340
T o t a l..... .........................$36,572,200
its notes, and a run on the Treasury commenced. Thit this
gold has not gone into the banks is shown by the fact that oa
Deoember 1, 1894, the total amoun held by the banks was
The syndicate which took the bonds offered them for
$98,000,000, and on the 1st of February, 1895, $33,000,000, or
public subscription on Tuesday, February 19 th, in the
$13,000,000 less than was held on December l, 1894.
“ It must be remembered that the withdrawals at New following circular. Tae amount of the subscriptions
York, while made by the banks, are not made for their own
interest, but very largely for their country customers who and other particulars are given in a previous article.
,---------- Grot it.----------»
1893.
1894.
$
Mexican Boadt 8
7,981,763
Mexican C e n tra l....... 8,426,026
1,839,175
Mexican Internat’n ’la 1,870,135
8,-69,500
Mexican Nattonala.... 8,900,856
999.162
Monterey k M ex.Uulf. 1,039, -189

E




1894.
»
8,906.860
734,733
1.66 ’,614
3 '8.230

Inc. or De c.
1893.
•
*
+120,76«
2.8*6,587
+11'.684
680,209
+1*3,391
1,479,123
18 >,931
+147,359

332

THE CHRONICLE.

A simultaneous Issue will be made in London by Messrs.
N. M. R othschild & Sons and Messrs. J. s. Morgan & Co.
$62,315,000 UNITED STATES 4 PER CENT BONDS.
IN COUPON FORM OF $50, $100, $1,000 AND REGISTERED FORM
OF $50, $100, $1,000 AND $10,000 EACH.
Bonds dated February 1,1895. Payable at the pleasure o f
the United States after February 1,1925.
Interest payable Feb. 1st, May 1st, Aug. 1st and Nov. 1st.
New Y ork , February 19th, 1895.
On behalf of the Syndicate, we offer for sale the abovedescribed $62,315,000 United States 4 per cent bonds, bearing
interest from February l*t, 1895, and maturing February 1st,
1925, The price is 112% per cent, of which 12% percent
will be payable on allotment, and the remaining 100 per cent
on or before March 1st, or upon delivery o f the bonds as pro­
vided below, with interest at 4 per cent per annum from March
1st. The bonds will be delivered as soon as they are prepared
and executed by the Treasury Department. Purchasers desir­
ing to complete their payments before delivery of the bonds
w ill be given negotiable receipts.
The subscription list will be opened at 10 A. M, on Febru­
ary 20th, and will be closed without notice. Bids will be re­
ceived by either of the undersigned, and payments must be
made to Messrs. J. P. Morgan & Co., in cash or by certified
checks on New York Banks.
The right is reserved by us to reject any applications, to
allot smaller amounts than applied for, and to apportion al­
lotments between American and European applicants in any
way we may deem best. At least one-half of the bonds will
be allotted in London on such terms and conditions as may be
provided for in the London circular.
Our allotments will be made within four days][from date,
by notice mailed to applicants.
J. P. Morgan & Co.,
23 Wall Street, New York.
A ugust B elmont & Co.,
23 Nassau Street, New York.

[VOU LX.

Burlington & Quincy, Chicago Gas, Chicago Milwaukee & St.
Paul common, Chicago & Northwestern common, Chicago
Rock Island & Pacific. Delaware & Hudson, Delaware Lack­
awanna & Western, Distilling & Cattle Feeding, General
Electric, Lake Shore & Michigan Southern, Louisville &
Nashville, Manhattan, Missouri Pacific, New York Central,
New Y. L. E. & West., North. Pac. pref., National Lead
common, Phila. & Read., Un., Pac., U. S. Cordage com ­
mon and preferred and Western Union.

IMPORTS AND EXPORTS OF GOLD AND
SILVER A T SAN FRANCISOO.
The Collector of Customs at San Francisco has furnished us
this week the details of imports and exports of gold and
silver through that port fer the month of January, and they
are given below, together with the figures for the preceding
months, thus completing the results for the seven months of
the fiscal year 1894-95. The imports o f gold were less than in
December, the amount received reaching $82,884, of which
$37,188 was in coin ; and of silver there came in $143,485, of
which $136,592 was bullion. There has been received during
the seven months a total of $996,819 gold and $1,221,300 silver,
which compares with $2,272,603 gold and $1,272,124 silver in
1893-94. The shipments of gold during January were lighter
than in aDy month since June, having reached only $53,545,
all coin, and the exports of silver have been $112,160 coin
and $764,700 bullion. For the seven months the exports of
gold have been $613,789, against $889,018 in 1893-94, and
$8,121,866 silver has been sent out, against $8,463,905 in
1893 94. The exhibit for January and the seven months is as
fo llo w s:
IMPORTS OP GOLD AND SILVER AT SAN FRANCISCO.

AMENDMENT OF INCOME T A X L A W .
The following is the text of the resolutions extending the
time for making returns under the income tax law, as agreed
to in the two houses o f Congress, on the report of the Con­
ference Committee:
Resolved, <fcc., That the time fixed by existing law for the
rendering of income returns, to wit, “ on or before the first
Monday of March in every year ” (section 35, Act of August
28, 1894, and section 3,173, Revised Statutes, as amended by
section 84 of that act) is hereby extended, with reference only
to returns of income for the year 1894, so that it shall be law­
ful to make returns for that year on or before the 15th day of
April, 1895.
Resolved, That in computing incomes under said act the
amounts necessarily paid for fire insurance premiums and for
ordinary repairs shall be deducted.
Resolved, That in computing incomes under said act the
amount received as dividends upon the stock of any corpora­
tion, company or association shall not be included in case
such dividends are also liable to the tax of two per cent upon
the net profits of said corporation, company or association,
although such tax may not have been actually paid by said
corporation, company or association at the time of making
returns by the person, corporation or association receiving
such dividends. And returns, or reports, of the names and
salaries of employees shall not be required from employers
unless called for by the collector in order to verify returns by
employees.

GOLD.
MONTHS.

Coin.

Bullion

SILVER.

Total.

Coin.

Bullion.

Total.

1894-95.
J u ly .........
August.. .
September
October..
November.
December.
January...

$
6,133
40,190
13,082
498.343
8,269
40,319
37,188

$
42,243
43,579
29,578
69,132
62,281
60,786
45,696

$
48,376
83,769
42,660
567,475
70,550
101,105
82,884

$
47,956
227,130
11,758
136,282
36,807
2,446
6,893

96,701
99,310
60,120
126,911
122,731
109,663
136,592

T*l. 7 mos.

643,524 353,295

996,819

469,272

752,028 1,221,300

$
144,657
326,440
71,878
263,193
159,538
112,109
143,485

EXPORTS OP GOLD AND SILVER PROM SAN FRANCISCO.
GOLD.
MONTHS.

1894-95.

Coin.

Bull'n

August___
September
O ctober...
November.
December.
January. .

$
61,235
73,665
64,775
31,547
164,635
162,772
53,545

TL 7 mos.

612,174

$
850
660
105
1,615

SILVER.

Total.

Coin.

Bullion.

Total.

$
583,070
747.800
436,100
824.800
969,600
534,200
764,700

$
1,000,671
1,323,563
1,244,230
1,332,772
1,437,138
906,632
876,860

613,789 3,261,596 4,860,270

8 ,1 2 1 , 8 6

61,235
73,665
6 *,775
32,397
165,295
lt.2,877
53,545

$
417,601
575,763
808,130
507,972
467,538
372,432
112,160

[From our own correspondent.]

L ondon, Saturday, Feb 9, 1895,
The negotiations for a United States loan have somewhat
Stock E xchange Clearing -H ouse Transactions. — The
subjoined statement includes the transactions of the Stock strengthened the money market, though not as much as might
Exchange Clearing-House from Feb. 11 down to and includ­ have been expected. The rate o f discount in the open mar­
ing Friday, Feb. 22; also the aggregates for January in 1895, ket for three months’ bank bills is about 1 per cent, and
1894 and 1893.
short loans range from % to % per cent. Trade is very quiet
STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.
and speculation is checked for the moment. The demand for
.— Shares, both sides.-—, .-------Balances, one side.--------Sheets
Cleared, Total Value. Shares. Value Shares. Cash. Cleared. banking accommodation is consequently very small. Still»
1893—
$
the expectation of bankers is that if a considerable part of the
$
$
January... 28,514,500 2,064,709,09#
3,006,000 210,700,000 3,300,500
6,830
coming loan is taken here—and that it will be taken is not
1894—
Jaaaary... 18,363,000 l ‘, 088,600,'00
1,354,000
69,100,000 2,041,000
6,835 doubted—there will be a further advance in rates, though the
1895—
January... 13,593,500
896,200,000
1,091,000
63,700,000 1,483,100
6,434 advance can hardly be very great, so large is the accumula­
.— Shares, both sides.—, •---------Balances, one side------- Sheets
tion of unemployed money. The Bank of England now holds
Cleared. Total Value. Shares. Value Shares. Cash. Cleared
over 36% millions sterling in coin and bullion; the reserve is
$
$
$
Feb. 11.. 730,500 49,000,000
49.400 3,000,000 73,900
300
“ 12 . 659,800 46,000,000
54.900 3,300,000 94,900
301 very nearly 28% millions sterling; and the proportion of re­
« 13. 556.200 37,300,000
37.400 2,300,000 28,000
282 serve to liabilities is over 70 per cent.
« 14.. 467,100 29,500,000
47.900 2,600,000 3<>,J00
261
The Chinese loan for 3 millions sterling has not been a suc­
" 15.. 542,500 34,900,000
47,000
2,400,000 41,000
278
cess.
The issue price is 96% and the rate of interest 6 per
Tot. wk. .2,956,100 196,700.000 236,600 13,600,000 267,900 1,422
Wklastyr3,505,100 222,000,000 259,400 14,500,000 349,400 1,468 cent; but the feeling here is that the continual borrowing of
74,800 4,600,000 86,900
Feb. 18. .1,131.800 81,000,000
318 China while the war is going on and before its result can be
44,300 2,400,000 48,000
« 19. . 528,900 33,600.000
299
40,000 1,900,000 39,700
« 20. . 478,900 29,400,000
288 known is utterly unwise. Most people therefore are holding
40.1OO 2, 100,000 34.200
“ 21 . . 479,100 28,600,000
277 aloof. When peace is concluded there will be an inclination to
.H OLIDAY..................
“ 22.
give accommodation to China, but for the time being the in­
Tot. wk...2.618,200 172,600.000 199.200 11,000,000 209,700 1,172
Wklastyr2,515,800 :L55.600.000 193,700 11,000,000 228,600 1,167 vesting public will not touch Chinese securities. The loan
The stocks cleared now are American Cotton Oil comtrn n was fully underwritten, but the public subscriptions have not
American Sugar common, Atchison, Central of N. J., Chicago i amounted, it is said, to half the total offered. Consequently



F ebruary 23, 1895.1

THE CHRONICLE,

333

some of the underwriters have become uneasy and have been crease; but articles of food and drink, tobacco, oils and manu­
selling largely. The loan has fallen to about 3 discount.
factured articles show an increase. In the exports the chief
The India Council on Wednesday offered for tender 50 increase is in yarns and textile fabrics, machinery and mill
lakhs of rupees and sold the whole amount at Is. 0 27-32cl. work. There is a falling off in coal, metals and chemicals.
per rupee. Subsequently it sold some amounts by private It is noteworthy that there is a considerable increase in the
contract. Next week it is announced that the dra wings will be exports of textile fabrics to.the United States.
increased to 60 lakhs and the expectation is that the price will
The following return shows the position o f the Bank of
fall, for the speculation in rupee paper, which sent up the England, the Bank rate of discount, the price of consols, & 3.
value o f the rupee, has now stopped, and there is no sign as compared with the last three years :
yet of much expansion in the exports. The silver market is
1895.
1894
1893.
1892.
Feb. 6.
Feb. 7.
Feb. 8.
Feb. 10.
dull, the price fluctuating between 27J£d. and 27%d. per
X
X
X
£
Circulation..................................... 25.119,885 24,464,840 25,044.000 24,631.145
ounce.
Public deposits.............................
6,659,007
7,279,773
6.553.039
5,762.520
The refusal of the House of Representatives to pass the Other deposits......................
33,814.773 27,338,472 29,053,008 27,998.113
Springer bill has made a very bad impression here and prac­ Government s e cu ritie s .............. 12,478,483 9.030,458 11,227,252 10 227 063
tically has stopped speculation for the time being. Negotia­ Other securities ......................... 17,660,953 23,418 854 24,660,069 27,103 535
Reserve o f notes and coin.......... 28,481,915 20,433 629 17,914,978 15,676,101
tions for a loan have been going on all the week, and yester­ Coin & bullion, both departm’ts 36,801,800 28.447,469
26,508.978 23,857,246
day were concluded satisfactorily. If the United States Gov­ Prop, reserve to liabilities, .p. c.
70%
58 11-10
50
44%
Bank rate ....................per cent.
3
2«
3
2%
ernment had legal authority to contract for the payment of
Consols. 252 per ce n t...................
104 7-16
991-16
98%
95 9-16
principal and interest in gold it would be easy to raise a con­ 8ilver ............................................. 27 7-l6d.*
29%d.
38%d.
41%d.
siderable amount here at 3 per c e n t; indeed such a loan would Clearing-Housereturns............. . 180,653,000 135,945,000 119,964,000 118 146,000
*February 7.
be welcomed by bankers generally, so great is the accumula­
Messrs. Pixley & Abb all writes as follows, under date of
tion of unemployed money. Besides, there is a very sincere
February 1 :
desire to assist the United States Government. Apart alto­
Gold—There has been no inquiry for bars, and all arrivals have been
gether from the close, relationship between the two peoples, purchased by the Bank. Co a aidera ole parcels of United States sold
OGin
have reached this country, and while the earlier arrivals were sent
immense quantities of American railroad securities are held
into the Bank, some have been withheld in ex »eolation of lower exhere, even after all the selling of recent years, and conse­ change rates The Bank has purchased £793,000, while £50,000 has
taken for Rouinania Arrivals: New York, £1.014.000• Chili
quently any disturbance of the American market would in­ been
£3,000;West Indies, £16,000; Capetown, £188,000*totat £1,223,000!
-*
flict beavy losses. It will not be so easy, however, to place a Shipments to Bombay, £10,000.
Silver—The market gradutlly hardened uo to 27». «d. on the 4th
coin loan. Few well-informed people doubt that either gold in s t, but since then has gradually declined again The chief faotors
the weakness have been the increase in the India Connell sales for
or its equivalent will be paid ; but the mere fact that there is in
next week, and comparatively free selling o f the metal from New
uncertainty upon such a point is of course against the brill­ York. All d emand stimulated by the Chinese loan has ceased. Ar^ 1>000; Chili, £46,000; West ludies, £18,000;
iant success of the transaction. For the moment there is total, £235,000.r^ac?
Shipments to Bombay, February 6, £190,500.
Mexicar Dollars -Dollars are very nominal, and the nearest price is
scarcely anything doing in the American department. Every about
2738d. Arrivals from New York, £20,000.
1
one expects that somehow or other the gold standard will be
Tbe following shows the imports of cereal produce into the
maintained, and there seems no doubt that as soon as that is United Kingdom during the first twenty-three weeks of the
settled business in the American department will increase season compared with previous seasons :
IMPOSTS.
rapidly. But until some kind of arrangement is arrived at
_
,
, 1894-5.
1893-4.
1892-3
1891-2.
the public will wait upon events.
Importedwheat.owt.30,515,366 26,971,079 29,710,751 35,141,715
15
336t284 8.8 '<’8,115 11,6*9,758
Barley..................
.
.
.
.
15,167,544
In the South American department there is likewise little Oats............................. 7,159,537
6,112.053
6,155,920
6.972,668
doing, and apprehension is growing respecting the Australa P e a s ...................... . 1,247,439
1,281,106
1,165,343
1,594,407
Beans.......................
2,132,872
2,329,671
2,018.198
1,767,257
sion reconstructed banks. Upon the Continent the bourses Indian Corn............... 11,489,014 13,313,486
13,304,988 10,297,284
are quiet, although there has been a sharp rise in Spanish Flour.......... .............. 8,964,600 8.788.663 _________
9,962,151
8,011,728
Supplies available for consumption (exclusive of stocks on
Government bonds. The crisis in Italy shows no signs of im­
September 1):
provement, and there is a good deal of uneasiness respecting _
1894-5.
1893-4.
1892-3.
1891-2
Turkey firstly, because o f the state of Armenia, and, sec­ Wheat...................cwt.30,515,366 26,971.079 29,710,751 35.141,715
Imports of flour........ 8,964,600
8.783.663
9,962,151
8,011,728
ondly , because of a dispute that has sprung up between the Sales of home-grown. 9,935,829 11,504,350 12,699,275
15,317,346
Porte and the Bulgarian Government. The Bulgarian Gov­
Total......................49,415,795 47.264,092 52,372,177 58,470,789
ernment some time ago raised its import duties from %% to
1894-5.
1893-4,
1892-3. 1891-2.
Aver,
price wheat week.20s. 6d.
25s. 7d.
26s. 3d.
33s. Id
10% per cent. The Turkish Government threatened to re­
Average prioe, season..19s. 9d.
26s. 8d.
27s. 6d.
36s. 6 d.
taliate and Bulgaria agreed not to enforce the new duties
The following shows the quantities of wheat, flour and
against Turkish imports. When this became known the other maize afloat to the United K ingdom :
Powers insisted upon the most-favored-nation clause and _
This week.
Last week.
1894.
1893
"b e a t ................qrs.
2,929,000 2,962,000 2,282.000
2,408.000
then Bulgaria applied the duties to Turkey. Turkey is now re­ Flour,
equal to qrs.
308,000 328,000
366.000
455.000
379,000
390,000
512,000
taliating, and there are fears that the political relations be­ “talze.................qrs.
266.000
The exports since January 1st have been as follows
tween the two countries may become strained. There is also
Per Ot.
a tariff dispute with Austria-Hungary.
E xports .
18£ 5*
1J94*
T eren ce.
January..........
18,224,236
18,151,880
+72,356
+0-39
A t home the railway dividends continue unsatisfactory, and
The exports of foreign and colonial produce since January
the reports issued by some o f the companies are exceedingly
1st show the following contrast:
bad. Early in the week therefore there was a sharp fall in
1895.
1894.
Difference.
Per Oi.
R e -exports .
£
&
&
British railway stocks; but the investing public did not sell,
January.......... 3,887,258
4,346,613
—458,385
-1 0 -5 6
and already a recovery has set in. Consols are rising; so are
The imports since January 1st have been as follows:
British municipal stocks and the preference and debenture
Per Ct.
Imports .
1|95‘
18£ * '
Difference.
stocks of the railway companies. The mining market has January.......... 36,753,068
38,458,613
-1,705,545
- 4 -4 3
given way somewhat. The French operators who bought so
S n s t U ii F in a n c ia l ' l n r s e u - P e r G a b le.
largely at the end of last year have now stopped dealing, and
The daily closing quotations for securities, &c., at London
the withdrawal of French support has left the market weak.
The great mine-owners, too, are holding their hands, and the
London.
Sat.
Mon.
Fues.
Wed. j Thurs.
Fri.
smaller speculators are becoming discouraged and are selling.
From the Board of Trade returns for January it appearsjtbat Silver, per o z ....... ........ 275,6 277 e 27U1(, 2711,6 27%
Consols, new, 2 4 p. cts. 1040a 10411., 104111, 10411*. 1049. ^
the value of the imports was a little over 36% millions sterling,
For account................
104%^ 104% 104% 104%
rentes (in Parislfr. 03-47*i 03-57^ 103 40 103-40 03-25
a decrease compared with January of last year somewhat less FFch
U. 8. 4s of 190 7.............
than a million .and three-quarters sterling, or something Atck. Top. & 8. Fe.com. 43a
438
4%
4%
4%
Canadian Paoitto.
5i %
50%
50%
50%
50%
under 4% per cent. The value of the exports of British and Chic. Milw. & St. Paul.. 56%
56 *
56%
56%
5678
88
83
Irish produce and manufactures was rather less than 18% Illinois Central.............. 88
88
83%
Lake Shore................ . . . 140
140% 140
140
140
millions sterling, an increase of £72,000, equal to rather more Louisville & Nashville.. Ö4
53%
54
53%
53%
Central 4s....... 59
59
59%
59
59
than % per cent. As regards the exports, it may be observed Mexican
N. Y. Central <&Hudson 101% 102
101% 101% 101%
that the quantities are larger than appear from the figures N. Y. Lake Erie & West. 10%
9%
9%
8%
9%
2d consols.................... 6o%
60%
5o%
58 m
58%
just given, because prices are lower now than in January of Norfolk & West’n, pref.
Northern Pacitie, pref.. TeST 1«% ~16
"ie” " 16%*’
last year; and in the imports likewise the fall in prices is con­ Pennsylvania................
51%
51*3
51%
51%
51%
siderable. The raw materials of manufactures, live animals, Phil. & Head., per share 5*8
5
5
5
5
Union Pacllic........ ........
9%
flog
0%
9%
9%
metals and chemicals imported show a very considerable de­ Wabash, p r e f ..........
!9
13 h>
13m
13%
13%




THE CHRONICLE.

334

[V

LX.

ol,

—At the regular board meeting of the Tradesmen’s National

IjX igC SlIVLVl£&\X& UtetPS Bank, February 15th, Mr. James Macnaughtan was unani­
mously elected President of the Bank to fill the vacancy
caused bv the death of Mr. James E Granniss. Mr. Macnaugh­
tan was Vice-President at the time of Mr. Granniss’s death,
national banks is from the Treasury Department:
and although much occupied in mercantile lines he immedi­
CORPORATE EXISTENCE EXTENDED.
2,223.—The First National Bank of Montrose, Pennsylvania, u ntil ately devoted his attention to the management of the bank.
His aggressive policy and his unusual adaptability was
2.226. - Thebatizen^’ National Bank of Warren, Pennsylvania, until promptly recognized by the directors of the bacik, and it was
their unanimous and urgent wish that he become President.
2 .227.
—The^Lyoomfug National Bank of Williamsport, Pennsylvania,
This will necessitate his leaving the Presidency of the New
2 247 —The^First National Bank of Malvern, Iowa, until February 9, York W ool Warehouse Company, who are the owners of the
*
* 19i5. r
. „
_
oa
W ool Exchange Building now in course of ereoioD, and also
2,222.—The First National Bank of MoKeesport, Pa., until Jan.
,
several other enterprises in which he was actively engaged.
* 246 —The First National Bank of Clinton, N. J.. until Ia n .‘29, 1915.
—The annual report of the Railway Share Trust & Agency
2,’260.—The Manufacturer*’ National Bank of Lewiston, Mains, until Company of London has come to hand. The gross profits for
2,225._The First National Bank of Brewsters, New York, until Feb- the year were £61.259; the net, after deducting expenses and
£10,000 for depreciation of investments, amounts to £45,355.
2 245.—T L ^i'irst’National Bank of Mayfield, Ksntuoky, until Febru- After providing for the dividend on the “ B” stock to the 15th
’
ary 15,1915.
January, 1895, the balance at the credit of profit and loss ac­
CORPORATE EXISTENCE EX PIRE D .
count is £47 606, from which the directors recommend that a
2 2 2 4 _The First National Bank of Nunda, New York, expired by dividend of 4 per cent be paid for the year on the “ A” shares,
’
' limitation February 5,1895.
mounting to £16,000, and leaving a balance of £31,606. The
IN LIQUIDATION.
Railway Share Trust & Agency Company undertakes the
244 - T h e First National Bank of Waynesboro, Pennsylvania has
'
g o n e into voluntary liquidation by resolution of its stock­ negotiation and issue of loans and capital of companies on the
h o ld e rs dated January 28, 1895.
. .
,
London market, and acts as agent for approved railways or
1 955 -T h e CHy National Bank of Denver. Col., has gone into volun-. other corporations in payment of interest, dividends, registra­
1,955. i u e o 1liy uldatl0D> by resolution of its stockholders, dated J an.
tion of stock, and generally, and also as trustee for debenture
9 309 —The lFirst National Bank of Arapahoe, Nebraska, has gene holders.
N a t io n a l B a n k s . —The folio wins; information regarding

3,302.

11^®0^ #luntary liquidation by resolution of Its stockholder*,
dated Leo. 26.1*94.
INSOLVENT.

i ,0
OA433—The
Bank, Dover,
H., is
was
1
,-T h e ^Dover
o v e r National
«a*
in ^ N.
band8
of insolvent,
Arttmr G. and
whitte4 025 -The°BroweneNational Bank of Spokane Falls, Spokane, Wash.,
4*03». in iBjolveati and wa8 on February 8, 189o, plaoed in the
hands of J. J. Browne, Reoeiver.
NATIONAL BANK ORGANIZED.

a oqs

4,985.

The Granville National Bank, Granville, N. Y
Capital
r^ 0 0()0>B Daniel D. Woodard, President; Fred W. Hewitt,
Cashier.

I m p o r t s a n d E x p o r t s f o r t h e W e e k . — The following are
the imports at New York for the week ending for dry goods
Feb. 14 and for the week ending for general merchandise
Feb. 15 ; also totals since the beginning o f the first week in

January.

f o r e ig n im p o r t s a t n e w

Dry Goods.......
Gen 1 mer’ dise.

$2,822,302
7,861,082

$3,173,722
.7,419,691

.

1895.

1894.

1893.

1892.

For Week.

tork

$2,345,705
4,990,474

$2,074,652
4,218,371

$6,293,023
$7,330,179
T ota l......... $10,593,413 $10,683,384
Since Jan. l . (
$23,248,197
$13,315,483
$24,806,082
$21,398,031
Dry G o o d s.....
48,178,351
40,297,619
65,123,346
51,881,534
Gen’l mer’dise
$06,426,543
Total 7 weeks. $73,210,465 $89,929,428 $53.613,102
LUO ILUpuna

ULJI j W

.

-------- ---------

EXPORTS PROM NEW TORK FOR THE WEEK.

$4,772,244
41,654,766

$7,015,852
For the w eek..
Prev. reported. $52,312,900
Total 7 weeks.

1895

1894.

1893.

1892.

$6,383,543 ” $5,472,475
43,218,052
44,475,568

$59,328,752 $46,427,010 $50,859,111 1 $48,690,527

j.ne loiiow rng taui« suuwo m o oApuim » u «

-----

at the port of New York for the week ending Feb. 16 and since

January 1, 1895, and for the corresponding periods in 1884
and 1898:
EXPORTS AND IMPORTS OP SPECIE AT NEW TORK.

Imports.

Exports.
Gold.
Great B r ita in ........
France......... .
Germany...................
West Indies...............
Death America..........
A ll ether countries..
Total 1895..........
Total 1894..........
Total 1893..........
Stiver.

Week.

Since Jan.1.

Week.

$ ............ $8,008,800
11,916,400
5,772,036
530,600
22,200

$ ...........
149,962
56,742
260

194,127
253,000

9,377
1,548

41,006

$63,206 $26,674,963
3,728, 63
1,333,900
2,752,295 20,816,567
Exports.
Week.

Since Jan. 1.

Since Jan. 1
$92,304
507,398
56.742
5,731
10,959
74,138
11,185

$759,457
$217,889
1,649,943
987,093
133,757
9,861
Imports.
Week.

Great Britain..........
F r a n c e .................
Germany...................
West Indies..............
M exico.............
South Am erica.........
ah other countries.

$539,710 $3,981,390

$1,046

"4 ,098
39,208

2,330

10,450
7,281

*4,825

Total 1 8 9 5 ......
Total 1894.........
Total 1893.......

$550,643 $4,042,427
5,997,941
872,083
3,913,252
337,315

$8,201

10,450
483

Cou. 5s, g., 1931.. A&O 108 110
Gen. M. os, 1909..A&O 107 108 **
98
Impt. 6s, g., 1934..J&J
Bleek. St. ÆFul.F.—Stk. *2*5* 27
lstmort., 7s, 1900. J A J {111*3 112».
■’ way &7th Ave.—-Stock, 188 192
lstmort., 5s, 1904. J AD {108 110
2d mort., 5s, 1014.J<fcJ {108
B’ way lst,5s,guar.l924 {110 4.1*5*
2d 5s, Int. as rent’1.1903 {105 107*3
Consol 5s, 1943...J&D 110 110*3
Brooklyn City—New stk. 159 160
Consol. 5s, 1941.,.J<feJ U 0 111*3
Bk'yn.Crosst’nos. 1903 105
Bkl’n Q’n«Co.&Sub.lsti {102*3 103%
Bklyn.C.&N’ wtfwn—Stk 175 225
5s, 1939........................ {10888 110
9 Hi 10*3
Brooklyn Traction.........
55
53
Prelerred....................
Central Crossto-wn—8tk. , 170
li t M.,8s, 1922...M&N 117
Cen.Pk. N.&E.Rlv.—Stk. 161 166
Consol. 7s, 1902...J&D |{112
{ A n d aoorned interest.

75,593
67,292

$40,730
1,900
1,380
11,205
74,110
53,220
5,022
$187,573
194,662
477,975

Bid. Ask.

A sk.

Atlan. A ve., B ’k lyn —

Chrlst’p’r& lO th St.—Stk. 150 155
ls tm o rt., 18®8 ...A A O 105 103
D. D. K. B. A B at’y —Stk. 157 160
1st, gold, 5s, 1932. J A D «114 Vj 115*«
Sonp................ ........... {103 104*a
Eighth A venne—S tock . . . 300
103
Scrip, 6s, 1 9 1 4 ..........
42d A Qr. St. F er.—Stock 32 > 330
59
57
42d St.A M a n .A S tN . A v.
1st m ort. 6s, 1910.M AS §114 115
60
57
2d m ort, incom e 6s. J A J
7
7*4
L ong Island T ra otion .. . .
99
98
M etropolitan T raotion.. .
146
Ninth A v e n u e ........ —
152
Second A venue—S to ck .. lfO
lstm ort.,5 s,1 90 9 .M A v 107*3 108*4
105
Debenture 5s, 190» J AJ 101
S ixth A venue—S t o c k .... 210 215
T h iid A ven u e................... *157 158
ls t m o r t ., 6s, 1937.J A J 118 1 1»
Twenty-T hird St.—S i’k . 300
100 105
Deb. 5s, 1908 .......
U nion B y—1st 5s, 1942.. 105*3 107>t
W estcU esfr, 1st,gu.,8s. 100 102

*E x-rights.

N. Y. and B rooklyn Gas S e c u r it ie s — Brokers’ Quotations.
G A S C O M P A N IE S .
Central...................-*Consumers’ (Jersey City).
B ond s................................
Citizen s’ (B ro o k ly n ).........
Jersey C ity A H ob ok en ..
Metropolitan—B onds........
Mutual (N. Y .....................
Nassau (B ro o k ly n )..........
Scrip....................... ..........
N . Y . A East R iv . 1st 5s..

G A S C O M P A N IE S .

Bid.

Aak.

122

People’ s (B rook lyn )..........
Peoples’ (Jersey C ity )—
175
M etropolitan (B rook lyn ).
70
W illia m s b u rg ....................
100
1st 6s................... .......... .
..... F ulton M u nicipal..............
Bonds, 6 s . . . . . . ....... .......
. . ..
E qu itable....... . .................
155
Bonds, 6s, 1899 .............
Standard p re i. . . . . . . . . . . .
C o m m o n ...............
81

06
95
60
190
108
1«1
200
100
80

Bid.

81

170
160
190

106
170
105
178
106
89
37

170
108
17»

181

91
40

Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. R. V. Harnett & C o.:
Shares.
20 Chatham Nat. Bank. ...341
20 Amerioan Fire Ins. C o..120

Bondi.
$2,000 Griffin Water Oo. 1st
6s, 1911. All coupons...... $80

By Messrs. Adrian H. Muller Sc Son:
Shares.
2 The Sun Printing & Pub­
lish. Asso. (“ The Sun.” ).. 2525
250 Dives Pelioan Mining
Co., pref’d. $10 each ...$ 5
750 Dives Pe loan Mining
Co , com. $ lu each........ $2
40 United States Mort. C o..192*8
20 Swift <St Co .................. 80
7 Third Avenue RR. Co.
(ex-rights)....................... ..156
1,384 Brookline Gas-Light
Co...........................
65
648 4-10 Empire Warehouse
Co., Lim., trust cert........ 20

Shares.
83 Stand’d Gas-L. Co., pref.37-38
30 Seventh Nat’ l Bank......1 2 1
Bonds.
$3,000 City of Newark, N. J.,
4s, tax bonds, 1906.
J. & J......................... lo o A in t.
$15.000 Milwaukee Street Ry
Co. eons. 5s, 1920. J& D . 59T8
$*,000 Wheel. L. E. & Pitts.
Coal Co. 1st 5s, J. & J .... 66*3
$2,000 LoDg Isl. Tract. Co. &
B’klyn Heights RR. 6s,
col. trust not<"8............. .. 71*a

gatxMtxg atxfl gfitratxcial.

Since Jan. 1

BtOf the above imports for the w eek in 1895 $1,485 weiw
A m erica n g o ld c o in and $1,478 A m e rica n silver com. Of the
exports during the same time $63,206 w ere American gold
coin,




Bld.

yn

in our report of the ary goods trade.
.
The following is a statement of the exports (exclusive ol
specie) from the port of New York to foreign ports for tht
week ending Feb. 19 and from January 1 to date:

*

City Railroad S e c u r it ie s —B rok ers’ Q uotations.

Spencer Trask & C o.,
10 W A L L

BANKERS,

STR EET,
»
*
NEW YO RK.
State a n d J am es Streets, A lb a n y.

Bends and Stocks Bought and I Dealers in State, *R C ÌN T I R
Sold on Commission.
|City and Railroad
AJkJs

S a m u el

D.

D avis & Go.,

BANKERS,
NO.JIO W A L L S T ., N E W Y O R K .
S am uel D. D avib ,

C h a s . B. V a n N o s t r a n d .

F ebbuary

THE CHROJSLCLE

23,1895. J

% lt t

^ K U k t X S 7 (& K Z Z ÌÌZ .
D IV ID E N D S .
When
Payable.

Books closed.
(Bays inclusive.)

Name o f Company.

Per
Cent.

R a ilr o a d s .
Chicago Bari & Quincy (quar.).
Delaware & Hud. Canal (quar.).
(illR ce lla n e o a s .
Heoker-Jones-Jew. M’g of. (quar.)

1
1%

Mar. 15 Feb. 22 to Feb. 28
Mar. 15 Feb. 28 to Mar. 15

2

Mar.

The Money Market and Financial Situation.—Business in
"Wall Street has been influenced to a considerable extent dur­
ing the week by developments in the plans o f the Government
bond syndicate.
The effect of these developments is a firmer tone and in­
creasing activity in the market for investment securities,
including railroad bonds as well as all Government issues, and
quotations are higher.
These plans and the results will be better understood when
more fully consummated, and then the merit of the scheme and
the great service it has rendered will be recognized and ap­
preciated.
The action in the Senate on the Pooling Bill, which was
taken as an abandonment o f the measure, would naturally
have had a depressing effect upon railroad shares had it not
been largely overlooked in view of the more important events
above mentioned.
The withdrawal of the Jones free-coinage measure recently
introduced in the Senate strengthens the probability that no
further legislation is to be expected by this Congress except
the passage of necessary appropriation bills.
The eager demand for the new Government 4s emphasizes
the fact that a large amount of idle capital, both at home and
abroad, is waiting for investment in the better class o f our
securities as soon as assured o f the stability of our currency.
Money has been attracted to this centre to some extent by
the higher quotations which recently prevailed, and in the
absence of an increasing demand the tendency is to lower
rates.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1 to 1% per cent
To-day rates on call were 1 to 1% per cent. Prime commercial
paper is quoted at 334 to 434 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £458,323, and the percentage
c f reserve to liabilities was 70’70, against 70'60 last week; the
discount rate remains unchanged at 2 per cent. The Bank of
France shows an increase of 4,575,000 francs in gold and
2,225,000 francs in silver.
The New York City Clearing-House banks in their statemen t
of February 16 showed a decrease in the reserve held o f
$882,800 and a surplus over the required reserve of $33,518,425, against $83,766,225 the previous week.
1895.
Feb. 16.

Bifferen'sfrom
Prev. week.

$
$
Capital................ 61.622.700
Surplus..........
72.028,200
Loans Adiso’nts. 483,382,000 Deo. 1,204,600
Circulation. . . .
11.641.700 In c. 136,400
Net deposits....... 532,234,700 Deo.2,520,000
Specie.................. 81.422.700 Deo. 841,200
Legal tenders... . 85,149,400 Deo.
41,600
Reserve held....... 166,572,100 Deo. 882,800
Legal reserve.... 133,058,675 Deo. 630,000
it
Surplus reserve 33,513,425 Deo. 252,800

1894.
Feb. 17.

1893.
Feb. 18.

$
59,922,700
73,015,200
439.328.300
11.975.000
529.992.300
98.587.000
108.447.900
207.034.900
132,498,075

$
60,422,700
69,191,600
462,518,600
5,518,500
483.613.200
75,700,300
58,808,900
134.509.200
120,903,300

74,536,925

13,605,900

Foreign Exchange.—The foreign exchange market has
been steady at about last week’s closing quotations. The
reeent snow blockade is no doubt in part responsible for a
limited supply of commercial offerings, and the volume of
business is light. There seems to be no dispositon on the part
o f the bond syndicate to offer bills in excess of the demand.
To-day’s actual rates of exchange were as follows: Bankers’
sixty days sterling, 4 86%@4 87; demand, 4 88)4@4 8834;
cables, 4 88%@4 89.
Posted rates of leading bankers are as follows ;
February 21.
Prime bankers’ sterling bills on London..
Prime com m ercial......._______________
Documentary commercial............. ...........
Paris bankers (francs)...............................
Amsterdam (guilders) bankers..................
Frankfort orBremen(reiehmarks)b’nkers

Sixty Bay8.

4
4
4
5

87%®4 88
86%®4 88*3
85%®4 86
1771P-5 16%
40316®40%
95318®95%

Demand.

4 89 ®4 891«
5 1631(r5 159g
40% ®40716
95716095%

The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
par, selling 34 premium; Charleston, buying l-32@par, selling




34 premum; New Orleans, bank, $1 50 premium; commercial
75c. premium; Chicago, 70c. per $1,000 premium; St. Louisj)
85c. per $1,000 premium.
United States Bonds.—Government bonds are firm and
quotations have advanced, stimulated by the favor with
which the new 4s are received. Sales at the Board have been
b'mited, including $15,000 5s, coupon, at 115% to 116; $10,000
5s, registered, at 116; $21,000 4s, coupon, at 111% to 118» and
$10,000 4s, registered, at 112. The following are the closing
prices :
j

i Feb. 22 to Mar. 3

W A L L S T R E E T , T H U R S D A Y , F E B . 2 1 , 1 8 9 5 - 5 P . M.

335

Interest Feb.
Periods 16

2e.........................reg. Q.-Moh. * 95
4s, 1907.............. reg. Q—la n . *110%
4s, 1907............coup. Q.-Jan. '110%
5s, 1904..............reg. Q.- Feb. *115%
5s, 1904........... coup. Q.- Feb. *115%
6s, our’oy,’ 95....reg. J. & J. *100
6s, our’cy,’96 ....reg. J. & J. *102
6s, aur’oÿ,’ 97....reg. r. a j . *105
6s, our’cy,’98 ....reg. i. a j . *103
6s, our’ey,’ 99 ....reg. T. A 3. *110
4s, ((iher.) 1896..reg. March.
4s, (Cher.) 1897..reg. March. . . . . . .
4s, (Cher.) 1898 reg. March.
4s, (Cher.) 1899..reg. March.
*Bid prices: no sale was made.

Feb.
18.

Feb.
19

* 95
*110%
*110%
*115%
115%
*100
T024
*104%
*108
*110

* 95
*110%
*111%
*115%
*115%
*100
-102%
*105
*108*4
*110*4

........

Feb.
20.

Feb.
21

* 95 * 95
112 *112
111% 113
*115*4 116
116 *116
*100 *100
*102% *102%
*105 *105
*108 *« 1<»8%
*110*4 *110%
-100 *100
*100
*10 >
........
*100 *100
*100 *100

Feb.
22.
»"
•
»
*4
Q
)_3
o
H

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

Receipts.

$
2,235,267
Feb. 16
“ 18 10,756,912
«* 19 5,536,321
2,981,253
“ 20
*‘ ^ 2l
5,118,938
“ 22

Balances.
Payments.

$
2,894,700
9,886,057
2,844,207
3,705,571
3,925,454

Coin.

$
71,441,807
72,989,189
75,835,748
76,262,953
77,704,328
HOLIDAY.

Coin Oert’s. Currency.

$
978,908
645,874
731,038
774,335
648,312

$
76,917,235
76,573,742
76,334,134
75,139,264
75,016,945

Total 26,628,685 23,255,989

Coins.—Following are current quotations in gold for coins •
Sovereigns.......... $4 87 ®$4 92
Napoleons.......... 3 88 ® 3 95
X X Eeichmarks 4 78 ® 4 85
25 P e s e ta s....... 4 75 ® 4 85
Span. Doubloons. 15 50 ®15 75
Mex. Doubloons. 15 50 ®15 75
Flue gold bars. .. p a r® Sprona.

Fine silver bars.. — 60*4 a — 61
Five fra n cs ....... — 90 ® — 95
Mexican dollars.. — 48% ® — 49
Do uncotn’c ia l..------® — —
Peruvian s o ls ..... — 45 ® — 48
English silv er.... 4 85 ® 4 92
U.S. trade dollars — 55 ® — 65

State and Railroad Bonds.—Sales o f State bonds at the
Board include $4,000 Tenn. settlement 3s at 84 to 84%, $10,000
Louisiana con. 4s at 92%, and $43,000 Virginia 6s defd. trust
receipts, stamped, at 6 to 6%.
The railroad bond market shows more activity as the re­
markable success of the Government bond issue becomes fully
assured, and advances are general. The Atchisons are again
more prominent at about 1 point higher than last week. Chic.
Sc N. P. 1st rects. are above 40; Canada Southern and Ches. &
Ohio issues are strong; Kan. Pac. 1st cons, have sold freely at
an advance; Or. Imp. con. 5s, O. S. L. 6s and tr. rects., and
St. Louis Southwest., are 2 to 3 points higher, the latter being
the principal feature of the week.
Phila. & Readings, Southern Railways, Tex. & Pacifies,
Union Pacifies and Wabash issues are generally steady and
strong.
B qllroad and Miscellaneous Stocks.—The better tone
which prevails generally in financial circles is noticeable in
the market for stocks, which, with a few exceptions, is firm
at higher prices than last week.
Of the railroad list the grangers have been most conspicu­
ous, and with slight fluctuations close about 1 point higher
than our last quotations, notwithstanding the failure of the
Senate to act on the Pooling Bill and the continued light
traffic in the West. The announcement o f the quarterly
dividend of 1 per cent on Burlington was expected and there­
fore had no appreciable effect on the stock. The internation­
als have been firm under the improved sentiment in London.
The coalers were raided on Monday and hammered down from
2 to 3 points. Central o f N. J. has recovered only a part o f
the loss and closes 1% lower than last week; D. L. & Western
closes 34 lower, while D. Sc H. Canal has gained %, closing at
12834« Manhattan Elevated closes 1 point higher at 108. Erie
reflects the probable burden it must sustain in reorganization
and sold down to 834 on Tuesday, closing at 8%, a loss o f 1
point. L. I. Traction, which sold at 934 011 Tuesday, de­
clined to 634 to-day on reports o f the unfavorable financial
condition o f the company.
Recent developments in some o f the industrials have
brought them into prominence. Nat. Lead fell off when it
was reported that the dividend would be passed by the direc­
tors at their meeting to-day, and it closed at 27%. Am. To­
bacco has suffered from reported lack of harmony among
those largely interested, and liquidating sales brought the
price down to 84%, a part o f which it has recovered, closing
at 87%. Chicago Gas is strong on the expectation of better
conditions and a new management. Distilling advanced on
the statement of the receivers submitted to the Court show­
ing quick assets of over $1,000,000 in excess of liabilities, and
closes at 10%. General Electric has gained 134 without any
special news in regard to the company. Cordage shares, both
common and preferred, are fractions higher on limited sales.
Am. Sugar is 1% higher than last week on relatively moderate
transactions.

THE CHK01N1CLE,

336

[VOL, LX,

NEW YORK STOCK EXCHANGE—A C T IV E STOCKS f o r week ending FEB. 2 2 , and since JAN. 1, 1 8 9 5 .
HTGHE8T AND LOWEST PRICES.
Monday,
Feb. 18.

Feb. IS.
4%
*%

*611«

*4838
48 ie

63

821«

^8
4
i«
‘e
*

14
16% 1614
148 148
70
»8
* 12 »«

Tuesday,
Feb. 19.

4
*4% 4%
*%
*%
%
62
62
62
48% 48% 48%
*48% 49
48%
81% 83% 83%
*12%
13
13
16% 16% 16%
145 145 *145
70% 7078 70%

Wednesday, Thursday,
Feb. 21.
Feb. 20.

4
4
%
*%
62% *62
49
*48%
48% 48%
84% 83%
13% 13
16% 16%
*145
71% 71

71% x70% 70%

55% 55
55% 55% 55%
>8 55
4 *116% 118 *117 118% 117% 118
>8 89% 90% 90% 91% 90% 9l%
138 138
« *137
*137 140
62%
61% 62% 62
8 61% 62
31
i 30% 30% 31
31
31
109 *105 110
109% *
109%
36% 36%
4 35% 357r 35% 36
85
86
86
86
*19
19% *19
19%
19%
8 19
* 19ie 61 *
*60
*60
61
61
61
Ì27% : 4 125 127% 126% 127 127%128
1581«: 4 156% 158 156781577a 158% 158%
11% 11%
*1114 12 *11% 12 *11 12
*35
35
35%
851« 3514 34% 34% 35
*
30
35 *
35
30
35 *
’ 99%
« *100 103 *100 103 *100 103
87% *86
87%
*86
^ *85% 87% *86
*6
*6
6%
«
*6
7
6%
*618
22
*19
22
*19
22 .*19
22
*19
151« 151« 15% 15% 15% 15% *15% 16
73
*69% 70% 707s 71% "71
69 78 70
13714: 4 136% 136% 136% 137 137% 137%
84
*84
84
84
84
* 85
85
s
8%
7% «%
8% 9%
8ie
523a
>8 52% 52% 52% 52% 517s 52%
*6»«
61«
7%
a *6% 7%
*6»a 7%
221«
« 22% 22% 22% 22% *22
23
106% :
4 107 107% 106% 106% 106% 107%
94%
*26
a *26
27
28
27
27
*441« 48
*45
48
*45
48
*45
48
14
14% 14% *14
■*14
M i 3 14
14%
22
22% 22
a *21% 22% 22
21
21
2078 21% 20% 21% 2078 21%
*14
*14
"15
*14
18
17
17
16%
*981«
a 99% 99%
*12
12
12
13
681a *.......... 68%
’ *2*6*' 26 "23 27
9%
8
8%
9 78
*20
. 17% 20
4 2978 2978
2978
*1941« 196 *194% 196
4 16% 16%
1618
13%
c 13
*13ie
37%
*38
a 37
2% 2%
3
12
12
4 12
3
* 2 78
8
3
15% 16
*151« 16
*18

21

*18

*2%
*214 3
97e 9 78
9%
16%
*15»« 17
*44
*44% 46
*156 157 *156
y *28%
2 114%
*35
‘ 48g
b
5
91«
8
9%
'2 0
*20
25
*85
*85
93
105 105
108
17%
178s 18
10
*980 10
31%
81%
*83®
3
8%
*1
*1
*33
*38
49
*70%
*70% 80
98a
9
*3
*3%
*5% 6
*5%
12 7e 127f 12%
9%
9%
36%
37
37
*2%
«2%
3

*113
*35

38

99% 99% 99%
*11% 12% 11%
*56
64 *____
*20
26 *-T8%
8%
87s
16% 17% 17%
30% 30% 30%
195 195 *194%
16% 16% 16%
13
13
13
*36% 38
38
*2%
3
*2%
11% 11% 11%
2%
3%
278
15% 15 78 *15%




*19
19%
*60
61
127% 127%
158 158%
*11% 12
35% 35%
30
30
*100 103
*86% 88
*6
6%
22
*19
*15% 16
71% 72
*136% 137%
84% 84%
6
7%
52% 52%
6
6
22% 22%
107% 108%
94% 94%
*26
28
*43
48
*14
14%
*22
22%
20% 21%
*14
16%

99% *99% 99%
11% 12% 12%
67 *____ 68
24
24
26
9
8%
8%
17
17% 17
30%
30% 30
196 *194% 196
16% 16% 16%
13% 13% 13%
38% 38% 39
2% 2%
2%
11% 11% 11%
*2% 3%
3%
15% 15%
16

*i"l3 115 *114
*35% 38
*35
5%
5%
5%
9% 10 % 10
*20
25
*20
*85
93
*85
105 105 *105
18
18% 17%
10% 10
10
31% 31% 31%
9
*8%
*8%
*1
*78 1%
50
*40
*40
*70%
*70% 80
9%
9
9
3%
*3
*3%
*5%
5%
5%
13 »8 13% 13%
9
9%
9%
36
36% 36%
*2%
*2%
3

*114
*35%
5%
10%
*20
*85
*105
17%
10
31%
9
*1
*40
*70%
9%
*3
*5%
13%
9
36%
*2%

115%
38
5%
10%
25
100
L08
17%
10%
32
9
1%
49
80
9%
3%
6%
13%
9%
37%
3

116
38
5
9 7e
25
93
103
18
10%
32%
87«
1%
49
80
9
3%
6
13
9%
37
3

21

115
38
5%
10 %
25
100
107
17%
10%
31%
9
1%
49
80
9%
3%
6
13%
9%
36%
3

New York Central A Hudson.
New York Chicago A St. Louis
Do
1st pref.
Do
2d pref.
New York Lake Erie A West’n
Do
pref.
N.Y. A N.E., tr. recs.allins.pd
New York New Haven A Hart.

0

a
0
>
►
4
'

Do
Norfolk A Western.
Do
Northern P a cific...
Do

pref.
pref.
pref.

22
3
10
17
47
157
30%

*19

18% 18% 187a 18% 1878 187s
62% 62%
*61% 63
62
62
9178 93% 92% 93% 92% 93%
91% 91% 91% 92
*91% 92
89
91% 87% 90% *84% 88%
105 105% *105% 106% 105% 105%
72% 73% 72% 73% 73% 73%
130 130
131% 132
128 128
9% 10
9 78 10% 10% 11
287s 29% 28% 29% 29% 29%
27
29%
27% 28% 28% 29
81% 81% 82% 83% x82% 82%
3%
8% *3% 3%
3 7s 37s
*9% 12%
12
*9»« 12%
‘9
22
22
22% 22%
22
22
154% 154% 155% 155%
154 154
*60%
60% 60% *60% .
14 " 14% 14% 14% *13% 14%

4%
4%
4% 4%
4%
4
6%
6%
7%
6%
7%
6
9
*8%
8%
8%
9
9
*9
9»«
607s 61
*61
62% 61% 61% 60% 61
42%
42%
42%
42%
42
42
*41
43
87
87% 87% 87% 87% 87% 87% 88%
* These are bid and asked; no sale made.
4%

*6% 68s

36

90
56%
120
91%
139
62%
31%
109
36%

*18
4%
*2%
*9%
*15
*45
*156
*28%

*18% 18%
62
62
61% 62
92% 93%
91% 927
91
913
91% 91%
91%
91% 92
91
105 106%
105 107
728a*:. 73% 72% 73%
128 128
127% 129
8% 87s
8 7s 10
283s 28% 28% 29
26% 28% 27% 28
8078 8078 81% 81%
38b 3 78 *3% 3 78
12
"9
*9
12
oo
22
22
22%
*105%
154 154 *153% 155
*60% .
13% 13% 13% 14%
*4%

90
55%
*118
90%
139
62%
*30

22
*18
3%
3%
*2% 3
3
*2% 3
9%
9%
9%
9 78 9%
16% 16%
16% *15
17
45
46
*45
47
45
157 *156 157 *156 157
30%
30% *28
30% *28
21

A c t iv e R R , S t o c k s .
Atchison Topeka A Santa Fe
Atlantic A Pacific.................. .
Baltimore A O hio.................. .
Canadian Pacific...................
Canada Southern. . . . . . . . . . . .
Central of New J e r s e y .......
Central Pacific.......................
Chesapeake A Ohio............... .
Chicago & A lto n . . . . . . . . . . . . . .
Chicago Burlington & Quincy
Chicago & Eastern Illinois..
Do
pref.
Chicago Milwaukee A St. Paul
Do
pref.
Chicago A Northwestern..
Do
pref.
Chicago Rook Island A Pacific
Chicago St. Paul Minn. A Om,
Do
pref.
Cleve. Cincin. Chic. A St. L ..
Do
pref.
Columbus Hooking Val. A Tol
Do
pref.
Delaware A H u d son .............
Delaware LaokawannaAWest
Denver A Rio G rande............
Do
pref.
Evansville A Terre Haute___
Great Northern, pref.......... .
Illinois C e n t r a l...............
Iowa Central...........................
Do
pref.
Lake Erie A Western.............
Do
pref.
Lake Shore A Mich. Southern
Long Island.............................
Long It-land T raction ............
Louisville A Nashville............
Louisv. New Alb. A Chicago.
Do
pref.
Manhattan Elevated, consol..
Michigan Central....................
Minn.ASt.L.,tr. reots., 2d p’d
Do pref. ,tr. reots., 2d p’d
Missouri Kansas A Texas___
Do
pref.
Missouri Pacific.......................
Mobile A Ohio..........................

4%
4%
4%
*%
%
%
63% 63% 63%
49% 49% 49%
48% *48% 49
84% 82% 84%
13% 13%
13
167e 16% 16%

55

Sales of
the
Week,
Shares.

STOCKS.

Friday,
Feb. 22.

4%
4%
7%
7%
9%
9%
60% 61
42% 42%
88% 88%

3% Jan.
% Jan
61% Jan.
48% Feb.
48 Jan.
81% Feb.
12% Feb.
16 Jan.
147 Jan.
69% Jan.
50 Jan.
90 Jan.
54% Jan.
116% Jan.
89% Feb.
137 Feb.
60% Jan.
29% Feb.
109% Feb.
35% Feb.
82 Jan.
16 Jan.
55 Jan.
125 Feb.
156% Feb.
10% Jau.
32% Jan.
30 Feb.
100 Jan.
81% Jan.
5% Jan.
19 Jan.
15% Feb.
69 Jan.
134% Jan.
84 Feb.
6 Feb.
49% Jan.
6% Jau.
20 Jau.
104 Jan.
92% Feb.
25% Feb.
46% Jan.
12% Jau.
211 21% Jan.
20 Jan.
15% Jan.
64 Jan.
97% Jan.
11% Feb.
69 Jan.
24 Feb.
8% Feb.
16% Feb.
29 Jan.
195 Feb.
15% Jan.
13 Jan.
37 Feb.
2% Feb.
11% Feb.
2% Jan.
15% Jan.

ritta burg Cinn. Chic. A St. L.
Do
pref.

Do
aul 6
Do

pref.
pref.

Do., pref. voting trust, cert.

Do

pref.

Do
pref.
eling
Do
pref.
vise. cen. uo.,voting tr. ctfs.
m is c e lla n e o u s S t o c k s .
j

(
■ ]
(
j

1

Do
rioai
Do

pref.
ig Co.
pref.

Do

pref.

Do

pref.

c
i
j
I
g

1

I
I

1,100
4,370
160
1,700
18,330
4,736
410

1,132
30
1,235
1,680
963
710
468
98,120
1,569
50,717
734
50,461
1,544
33,385
7,534
13,720
827
1,418

Do

260
30,000
945
< £ !!:
pref.
C o ....
pref.

19 Jan.
3% Jau.
3 Feb.
8% Jan.
15 Jau.
43% Jan.
157% Feb.
29 Feb.

Highest.
30
5 Jan.
23
78 Jan.
29 65% Jan.
15 59 Jan.
30 50% Jan.
18 94 Jan.
6 14% Jan.
29 18 Jan.
9 147 Jan.
3 728b Feb.
12 50 Jan.
31 90 Jan.
29 57% Jan.
30 119 Jan.
15 978b Feb.
14 145 Jan.
3 64% Jan.
15 34 Jan.
4 112 Jau.
13 39% Jan.
10 88 Jan.
29 20% Feb.
9 6 L Feb.
18 133% Jan.
18 166% Jan.
29 11% Jan.
29 36 Jan.
20 35 Jan.
28 103 Jan.
4 90 Jan.
6% Jan.
28
31 23% Jan.
11 173s Jan.
28 74 Jan.
2 140 Jan.
8 88% Jan.
21 13 Jan.
30 558s Jan.
2 7% Jan.
4 24% Jan.
2 109 % Feb.
12 97 Jan.
18 28 Jan.
19 47% Jan.
30 14% Jan.
29 23 Jan.
29 26% Jau.
30 16 Feb.
29 70 Jan.
3 100% Feb.
20 13% Jan.
21 70 Jan.
21 26 Jan.
19 1078Jan.
19 23 Jau.
29 33% Jan.
19 196 Feb.
3 17 Jan.
29 14% Jan.
18 43% Jan.
9 5 % J an.
19 19% Jan.
4 Jan.
28
30 18% Jan.

17
9
18
2
17
14
5
21
9
4
12
31
17
17
4
25
18
18
30
19
22
4
6
18
18
15
17
23
9
18
16
4
18
18
17
5
18
15
18
28
4
18
19
14
17
11
2
1
18
1
22
18
29
18
22
12
4
18
21
18
5
18
2
18

21 Jan.
6 Jan.
3% Jan.
13% Jan.
16% Feb.
46% Jan.
160 Jan.
33% Jan.

17
5
16
14
1
17
24
3

23
29
4
29
12
30
8
1

Feb.
35% Feb.
4% Jan.
8% Jan.
18 Feb.
90 Feb.
105 Feb.
17% Feb.
8% Jan.
29% Jan.
8% Jan.
7S Feb.
41 Jan.
73 Jan.
8% Feb.
3% Feb.
5% Jau.
1238 Jau.
9 Jan.
36 Feb.
2% Jan.

117% Jan. 21
38% Jau. 18
5% Feb. 21
1 0 % Feb. 21
18 Feb. 5
90% Jan. 15
110 Jan. 8
19% Jan. 2
1 0 % Jan. 4
37 Jan. 8
9% Jan. 11
2 % Jan. 2
41 Jan. 14
73 Jan. 14
1178Jau. 15
3% Jan. 11
6 % Jan. 17
14% Jan. 15
11 Jau. 5
418a Jau. 15
3 Jan. 14

18% Feb.
62 Feb.
86% Jan.
90 »4 Jan.
84*8 Feb.
105 Feb.
70% Jan.
126 Jan.
7 78 Jau.
28 Feb.
26% Feb.
78% Jan.
2% Jan.
11 Jan.
20 Jau.
95% Jan.
154 Jan.
60 Jau.
13% Jau.

24% Jan.
70 Jan.
93% Feb.
93 Feb.
99% Jan.
110 Jan.
76% Jan.
132 Feb.
1 1 % Jan.
35% Jan.
38 Jan.
84% Jan.
378 Feb.
11% Jan.
23% Jan.
103 Feb.
157 Jan.
60% Feb.
167e Jan.

110 113

1,365

Do
edSI
Do

Lowest.

1,525

20

Rio Grande Western...............
Rome Watertown A Ogdensb.

Range for year 1895.

2,653
2 7a Feb.
4,003
5 Feb.
385
8% Feb.
1,370 60 Jan.
520 39% Jan.
7.095 « « .Tan

11
11
19
28
29
99

18
22
4
6
2
18
11
21
14
10
18
16
19
10
18
7
17
19
18

8% Jan. 4
13% Jau. 4
11% Jan. 7
65% Jan. 17
4 5 J an. 2
QO Fph. 7

February

337

THE CHRONICLE.

23, 1895, |

NEW YORK STOCK. EXCHANGE PRICES (Continued)—IN A C T IV E STOCKS.
Feb. 21.

I nacttvb Stocks
fi Indicates unlisted.

Range (sales) in 1895.
Highest.
Ask. Lowest.

Bid.

R a ilr o a d S tock s.
Albany & Susquehanna.......... 100 168
100 135
100 103
13
Brooklyn Elevated fl............... 100 11
20
Buffalo Rochester & Pittsburg. 100 ___
58
100
100 47
50 1S4
5
7
100
100 25
4
2k
.100
6 L« 9
100
Preferred H...................... .
14
.100
7k
Flint & Pere Marquette.............
45
.100
.100
k
Gr. Bay Win. & St. P. tr. re o . . . .100 4
k
100 i l 1«
.100
Illinois Central leased lines. . . .100
Kanawha & Michigan............ .100
8k
9k
4
.100
lk
Preferred ..................................... 100 13
.100
4
1
Louisv. St. Louis & Texas....... .100
Mahoning Coal.......................... 50 105 115
511 106
100
100
. ......
Morris <Sc Essex____ . . . . . . . . . . , 50
10(1
5
Ik
.100
100
N. Y. Lack. & Western. . .........
Norfolk & Southern................. .100 60
2
Peoria & Eastern...................... 100
3k
Rensselaer & Saratoga............ .106 180 185
Rio Grande Western pref ........ 10(1
Toledo Peoria & Western ......... .100
Toledo St. L. & K ansas C ity tr. .100
3
i

....

103
22
58

Feb. 103
Jan.
Jan.

....

156
5k
30
3k

Feb.
Jan.
Jan.

Jan. 157k Jan.
Feb.
5 k Feb.
Jan.
30 Jan.
Jan.
3 k Jan.

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

....
....

k Feb.
I k Feb.
88
8k
3
15k

Jan.
Feb.
Jan.
Jan.

l 7a Feb.
3°g Jan.
88
9k
3
15 k

....

Jan.
Jan.
Jan.
Jan.

100 142
42
American Express................... 100 t i l l
Amer. Telegraph & Cable....... 100 90
50 t 14k
100
Chic. Juno. Ry. & Stock Yards 100
100
5
100
Colorado Fuel & Iron ............. 100
Preferred .................................... 100 60
Columbus & Hocking Coal ___ .100
3k
100 d.30
100
31k
Edison Electric Illuminating.. .100 97
100
TOO
100 Î 26k
Preferred ..................................... 100 82

....

97

Feb. 103

Jan.

160

Jan. 164

Jan.

116k Jan. 117k Jan.
2
180

Jan.
Jan.

2
180

Jan.
Jan.
...

* No price Friday; latest price this week.

Highest

Lowest.

Bid. j Ask.

M is c e lla n e o u s S t o c k s .

....

22
58

Range (sales) in 1895.

Feb. 21.

I nactive stocks .
If Indicates unlisted.

—

___

^Indicates actual sales.)

Maryland Coal, pref............. . . .100
100
Preferred.......... ..................... 100
Minnesota Iron......................... 100
100
100
100
Ontario Silver M in ing........... .100
50
.100
.100
100
Texas Pacific Land Trust....... .100
U. 8. Cordage, guaranteed___ .UIC
IOC
.100
iWells, Fargo E xpress ............... 100

145
43

140

Jan. 144k Jan.

109 Feb. 113 Jan.
92
90 k Feb. 9 3 k Jan.
16k 14k Feb. 24 Jan.
89

Feb.

7
24
75
5

25 Jan.
50 Feb.
2 k Jan.

34
99

95

Jan.

83

30 k
23 k
82
20
50

Feb.
Jan.
Feb.
Jan.
Jan.

70

50

Jan.

7
25
50
4k

Jan.
Jan.
Feb.!
Jan.

102

6

6
12 k

52
40
20
6k
6

Jan.

310

58

2
12k
7k
12
14
16
42
44 , 42
t 93k 93% 9 2 k
100 " 107 Il04 "

Jan.

41 Feb.
277e Jan.
87da Jan.
20 Jan.
50 Jan.

52 Jan.
40 Jan.
17k Jan.

40

t 20
r 4
5
8
310
55

95

Jan.
Jan.
Feb.
Jan.
Jan.

Jan. 320

Jan.

Jan.
2k
13k
Jan.
Jaa.
7k
Feb. 23 k
Feb. 45
Feb. 94 k
Feb. 110

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

t Actual sales.

NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS F E B R U A R Y 3 1.
SECURITIES.

Bid.

Ask.

Alabama—Class A, 4 to 5 ....... 1906
Class B, 5s ............................ 1906
Class C, 4s..............................1906
Currency funding 4s............1920
Arkansas—6s, fund.Hol. 1899-1900
do. Non-Holford
7s, Arkansas Central R R ............
Louisiana—7 s, con s.. . . . . . .
¿914
Stamped 4 s.......... .........................
New eonols. 4s..................... 1914.

105
105
95
95
2
170
1
110
100

107

921«

SECURITIES.

Bid.

Ba n k s .
(00s om itted.)
Bank o f N ew Y ork ..
Manhattan Co..........
M erchants’ ...............
M echanics’ ....... ...
A m e r ic a ....................
P h eu ix........................
C ity .............................
Tradesm en’ s .............
C h em ica l............ —
M erchants’ E xch ’ge
Gallatin N a tlon a l...
B utchers’A Drovers
M echanics’ & Trad’s
G reen w ich . . . . . . .
Leather M anufac’rs
Seventh N a tion a l...
State o f N ew Y o r k ..
A m erican E xch an ge
Com m erce................
B roadw ay.................
M erca n tile. . . . . . . . .
Pacific................ . . . .
R epublic..................
Chatham...................
People’ s ...................
N orth A m erica.......
H a n o v e r ................
I r v i n g . . . . . . .............
Citizen’s ...................
N assau......................
M arket & F u lton ..
Shoe & Leather___
Corn E x c h a n g e ....
Continental.............
O riental.....................
I mporters’ ^Traders
P a rk ........................
E ast R iv e r...............
Fourth N ational___
Central N ational___
Second N a tio n a l....
N inth N ational.......
F irst N ational.........
Third N ational.........
N .Y . Nat. E xchange
B i w e iy .......................
N ew Y ork C ounty..
German A m erican ..
Chase N ational.........
F ifth A v en u e....... ...
Gorman E xch an ge..
G erm ania..................
United States...........
L in c o ln .. . . . . . . . . . . . .
Garfield......................
F ifth N a tion a l........
Bank of the Metrop.
W e st S id e ...............
Seaboard....................
S ixth N ational.........
W estern N a tion a l..
First Nat. B r’ k lyn ..
Southern National..
N it. Union B a n k ....
L ib erty N at. Bank.

Capital Surpl’s Loans.

2, 000,0
2, 000,0
3.000.

1.000.

1, 000,0
750.0
300.0
600.0
1 , 000,0
300.0
400.0
200.0
600,0
300.0

1. 200.0

5.000.
5.000.
1, 000,0
1, 000,0
422,7
1.500.0
450.0
200.0
700,0
1, 000,0
500.0
600.0
500.0
750.0
1, 000,0

1, 000,0

1, 000,0
300.0
1.500.0
2 , 000,0
250.0
3.200.0
2 , 000,0
300.0
750.0
500.0
1, 000,0
300.0
250.0
200.0
750.0
500.0
100.0

200,0
200,0

500.0
300.0

200.0
200,0

300.0
200.0
500.0
200.0
2,100,0
300.0
500.0
1, 200,0
500.0

$

2.044.3
1.976.4
981.3
2.150.9
0
2,22*,3
419.2
0
2.999.7
173.9
7.311.5
147.6
1.583.0
271.4
413.3
174.1
519.9
117.8
486.7
0
2.302.0
3.563.2
0
1.628.9
1.109.6
481.6
973.0
977.8
262.0
604.9
1.911.2
346.6
402.8
272.7
825.6
34,0
1.228.2
218.7
423.5
5.541.1
3.195.8
142.3
2 .021.1
481.0
667.2
397.6
7,288,0

210.0

119.7
566.4
529.3
280.8
1.182.4
1.040.5
640.0
601.5
508.5
515,2
549.4
306.1
757.2
297.8
235.2
345.5
244.9
872.6
594.7
334.3
106,5

$

Specie. Legats. Deposits
$

13.740.0 1.980.0
13.119.0 1.182.0
9,076,9 2.239.3
9.244.0 1.399.0
17,701,7 3.182.7
4.649.0
481.0
17,402,6 9.282.3
2.075.6
447.5
27.450.3 2,957,9
755.9
4.022.8
541,2
6.538.9
162.1
1.497.7
285.0
2.520.0
1.095.4
133.1
371.9
3.083.1
257.9
1.626.1
2.962.9
136.1
23.363.0 1.820.0
21.146.5 1.524.1
6.209.5 1.094.3
7.445.1 1.661.2
589.2
2.481.3
11.139.6 1.385.6
5.529.0
901.0
2.418.9
250.8
5.685.4
752.2
15.256.6 4.520.8
2. 688.0
450.1
3.093.0
430.8
174.8
2.584.7
684.2
4.493.6
2, * 10,0
403.0
9.709.2 1.682.3
4.234.6 1.056.3
2.005.0
202.5
20.196.0 3.668.0
27.282.4 5.899.3
107.4
1.110.2
18.849.5 2.740.1
9.472.0 1.787.0
5.165.0
949.0
4.096.0
734.8
25,130,4 1.556.1
8.485.5 1.932.0
135.0
1.418.6
2.689.0
454.0
826.0
2.946.9
2,816,2
260,0
14,717,2 3.565.8
6.670.8
863.4
3,013,2
260.9
2.903.6
473.1
5,073,4
963.5
5.600.1 1.062.6
3.838.6
808.2
1,664,1
208.5
792.6
4.956.8
2.377.0
250.0
4.545.0
603.0
1.800.0
225.0
10,035,8 1.509.9
4.171.0 1.301.0
2.700.7
515,8
8.009.9 1.667.1
1.548.1
25,5

T otal..................... 61.622.7 72.028.2 483.382.0 81.422.7




New York City, Boston and Philadelphia Banks :

We omit two ciphers (00) in all cases.

$
2 , 000,0
2.050.0

Ask,?

Bid.

SECURITIES.

Missouri—Fond............. 1894-1895 ........ ........ Tennessee—6s, old........ 1892-1898
North Carolina—6s, old.......... J&J
6s, new b on d s.........1892-8-1900
Funding act.......................... 1900
do
new series...............1914
New bonds, J & J ........ 1892-1898
Compromise, 3-4-5-6s.......... 1912
Chatham R R ..........................
10
8s.............................................1913 84k 85
1
2
Special tax, Class I .....................
Redemption 4s........ ............1907 90
1
2
' 10 ‘
Consolidated 4s....................1910
do
4 k s .................. 1913 100
99
6s............................................ 1919 125
Penitentiary 4 k s ................. 1913 100
Virginia funded debt, 2-3S...1991 585s 5 9 k
South Carolina—4ks, 20-40..1933 103 107
7
6s, non-fund..........................1888
6k
6s, deferred t’st reo’ts, stamped.
2
lk

New York City Hank Statement for the week ending
February 16, 1895.

Ask.

$

1.630.0
4.305.0
781,4
3.193.0
4.042.2
825.0

2.556.3
180.0
7.224.9
505.9
1.781.5
534.3
210,0
249.2
500.6
316.9
562.7
3.913.0
3.466.0
980.6
1.711.7
587.9
2,268,2
932,1
279.4

972.5
2.459.9
808.6
327.0
697.8
534.5
412.0
1.520.0
598.7
260.0
3.568.0
2.757.0
168,1
1.820.1
1.478.0
1.512.0
204.7
4.820.7
959.3
305.3
360.0
171.0
764.7
1.629.6
1.155.4
704.6
241.5
524.3
1.353.1
719.8
414.4
859.1
523.0
1,338,0
271.0
1.704.8
724.0
536.6
1.077.7
354.8

$

13.570.0
15.509.0
10.599.2
10.371.0
21.027.9
4.502.0
25.383.5
2,068,6
30.143.3
4,547,5
6.396.4
1.810.7
2.360.0
1.115.5
2.803.6
1.882.7
2.275.3
18.893.0
17.005.3
6.328.5
8.634.8
3.394.4
12,606,7
5.932.8
3.137.3
6.048.1
19.186.4
3.190.0
3.346.0
3.207.9
4.701.9
3.087.0
11.466.1
5.422.1
1.850.0
21.565.0
31.797.6
963,8
18,624,3
11.025.0
6.868.0
4,324,1
24.285.9
10.152.9
1.460.7
2.897.0
3.517.6
2.996.8
18.223.6
7.522.3
3.469.6
3.490.0
6.937.3
7.029.0
4.965.3
1.856.9
5.970.4
2.671.0
5.822.0
1.665.0
10.924.0
4.999.0
2,992,8
9,058,3
1.355.0

85.149.4 632.234,7

Ba n k s .

N. York.*

Jan. 1 9 ___
“ 2 6 ....
Feb. 2 . . . .
“
9 ...
„
1 6 ....

Boston .*

Feb.

“

“

Capital <Sc
Surplus.

Loans.

Specie.

$
133.650.9
133.650.9
133.650.9
133.650.9
133.650.9

$
490,322,9
490.158.6
490,345,4
484.586.6
483.382.0

$
77,955,3
81.175.6
81,555,5
82,263,9
81.422.7

2 ___

9 ....

1 6 ....

Phtla.*

69.351.8 172.273.0
69.351.8 169.690.0
69.351.8 68,604,0

Legala. DepositsA Oirc’Vn Clearings
$

$
562,302,9
559.512.6
546,965,2
534.754.7
532.234.7

$

114121
113209
113719
115053
116417

513.861.0
495.021.0
579.639.0
483,820,8
457,302,3

5.988.0 159.604.0 6.937.0
6.219.0 153.103.0 6.943.0
6.558.0 151.740.0 6.998.0

93.100.1
77.733.6
76.787.2

1080855
1045830
91.937.3
85,191,0
85.149.4

109.037.0 5.332.0 64,684,0
30.870.0
107.086.0 5.345.0 54.091.2
29.600.0
106.088.0 5.366.0 57.972.6
28.488.0
* W e omit two ciphers in all these figures. f Including fo r B oston and Philadelphia the item “ due to other banks.”

Feb.

“

“

2 __

9 ...

16 . . .

35.810.3 108.545.0
35.810.3 108.794.0
35.810.3 108.286.0

Miscellaneons and Unlisted Bonds :
M isc e lla n e o u s B o n d s.
B oston Un. Gas tr. certs , 5 s.
Ch. Jun.& S. Y d s.—C ol.t.g.,5s 104 b.
Col. C. & I. Devel. gu. 5s.......
Colorado Fuel—Gen. 6 s . . . . . . .
Col. A H ock . C oal & I .—6s, g. * 95 a.
Cons.Gas Co..Chic.—ls tg u .ö a
8 6k b.
Consol. Coal con v. 6s.............. 102 b.
Det. Gas con . 1st 5 s......... .
E dison E lec. 111. C o.—1st 5s . 107kb.
Do
o f B klyn., 1st 5s___
E q u it G.-L., N. Y ., cons. g. 5s. *107 kb,
E qu itable G. & F.—1st 6 s . ...
94 *ab,
H enderson B ridge—1st g. 6 s.
Illin ois Steel deb. 5s____ . . . . .
N on-conv. deb. os..........
46 b
Mm, hat. B each H . & L. g. 4s
MetropoL Tel. & Tel. 1st 5s.
N ote .—“ 5 ” indicates p rice bid; “ a "

M is c e lla n e o u s B o n d s.
M ich..Penln. Car 1st 5 s . . . . —
Mutual U nion T eleg.—6s g ..
N at. Linseed Oil deb. 6s, g . . .
N . Y . & N. J. Telep. gen. 5 s..
N orthwestern T elegraph—7s.
People’s Gas & C. 1 1st g. 6s.
Co., C h ic a g o .... J 3d g. 6s.
1st cons. g. 6 s ......................
Pleas. V alley Coal - 1 s t g. 6s.
South Y u b a w a te r Co.oon.6s.
Sunday Creek Coal 1st g 6s..
U S. Leather—S. f. deb., g.,6s
W estern U nion T eleg.— (
Wheel. L.E. A P itts.C oal 1st 5s
U n listed B o n d s.
Com stock Tnnnel—In c. 4 s ..
Mem.&Charleston—Con. 7 g.

Bid.

A sk.

A m e r ic a ....... 200
Am. E x o h ... 155

206
158

B ro a d w a y ... 234
B utchs’ & D r. 150
C e n tia l___ _ 118
450
340
C h em ioa i___ 4000
C ity .......... .. 435
130
C olum bia___
C om m erce... 180
C ontin ental. 120
Corn E x o h ,. 275
D e p o s it ...... 10
E a -t R iv e r.. 130
1 1th W a r d ... 200
Fifth A v e .-.. 2000
F ifth*............ .........
F irst...«,....... 2500
F irst V., 8 .1 . 114
14 th S treet..
F ou rth ....... 180

250
165
125
400
4800
480
145
Ì84
.........

300
139

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

125

..........

183

i ‘06*'b.
89 kb.
« 98 b.
112

b.

109 b.

6 b.

p rloe asked. * L atest prioe th is week

Bank Stock List—Latest prices this week.
BAN ES.

104 a.
*108 kb.

B AN ES.
G a lla tin ...... 300
G a rfie ld ...... 300
German A m . 112
German E x.*
G erm ania.... 3ÒV
Green w io h .. 160
H a n o v e r ..... 305
H nd. R iv er.. 150
Im . & T rad’s’ 500
I r v in g . . . . . . . 135
Leather M is’ 180
L in o o ln ......... 565
M anhattan.. 185
M arket& Pul 210
M echanics’ .. 181
M ’chs’ & Trs! 140
M e rca n tile .. 160
M erchants’ .. 130
M erch’ts Ex. 112
M e tro p o lis..
M t. M o r ris.. MO
N assau___... 150
N ew Y o r k .. 227
N .Y . Co’ ntv 540

A sk.
325
122

330
540
150
210
190
185*
180
135
120
460
165”
240

(*Not listed.)

BAN ES.

Bid.

N .Y . Nat. E x 100
120
19th W ard.. 110
N. A m erica. 137
O rien ta l. . . . 220
P a cific.____ 173
275
P h é n ix ........
Prod. E x.*..
R e p u b lic....
S eaboard . . .
S e c o n d ......
Shoe& L e’th
S o u th e rn ...
Stateof N.Y.
T h ir d ___ . . .
Tradesm ’n’ s
23d W ard*..

Ask
125

•---*•

150
240

114

300
300
125

145
168
300

160
169
.........

65
150
DO
105

164 k
110
.........

.....

■—

.....

......... .......
Un’d S tate» 180 210
W estern .. 110 112
W est S id e«.

.....

THE CHRONICLE,

338

[VO L. LX,

BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
Active Stocks.

H Indicates unlisted.

Share P r ic e s — not Per C en tu m P rices.
Saturday,
Feb. 16.

Monday,
Feb. 18.

Tuesday,
Feb. 19.

Wednesday,
Feb. 20.

Thursday,
Feb. 21.

4% 4%
4
4%
4
4
4%
4%
4%
▲toll. T. A 8. Fe (Boston). 100
4li6
...... ....... *. . . . . .
*•50 •75
Atlantic & Pac.
"
100 *•50 •60 A*•50 •75
62% *
64
63
631*
63
*62
Baltimore A Ohio (Balt.). 100 ★
70
70
*69
70% *70
71
70
70
70%
Balt. City Pass’ger “
25 *68
15
*15
15
15% *15
15% *14% 15%
Baltimore Traction “
25
*14% 15
15
15
15
15
15
14% 14’%
BaltimoreTrao’ u (Phil.).. 25 15
208 208
207% 208
207% 207% *207% 208
Boston A Albany (Boston). 100 208 208
199% *193% 199% 198% 198% *198 199
Boston A Lowell
“
100 199 199
164 164
162 163
166
163% 165
163 163
Boston A Maine
** 100 **
11 w
11
10% 10% *1 1
12
Central of Mass.
“
100
*
50
52
*50
Preferred
“
100
7<l6g 70% 70% 70% 71% 71
70
71% X*0% 70%
Chio. Bur. A Quin. “
100
55% 55% 55
55% 55% 55% 55% 56
Chic. Mil. A St P. (Phil.). 100 54% 554
*10
*10
*10
14
Chio. A W. Mich. (Boston). 100
*•25
*•50 •75
Clove. A Canton
“
100 *•¿25 •
*
2 A
2% *
2%
‘2
2J^j
Preferred
“
100
84
84% 84
84
84
*83% 84
84
84 ’
Fitchburg pref.
“
100 *84
33% *........ 33% ★
33% *........ 33% *33
34
Hunt. A Br Top. (Phila.). 50
*50
51
*50
*50
51
51
51
51
51
Preferred
“
50 *50
Lehigh Valley
“
50 32% 32% 32% 32% 32% 32% 32% 32% 32% 32%
*123 127
126 126 *127
*127 129
Maine Central (Boston). 100
97% 97% 97% 97% 98
97
98
98
98%
Metropolitan TracYP/riO-lOO 97
*6
6%
6%
7%
7%
6%
6% 7%
7
7%
Mexican Oent’l (Boston). 100
30% 30% *29% 30% 30% 30% 30% 30% *30% 30%
N.Y.AN.E.,tr rec.§ “
100
*61
63
*61
61
*60
61
62
*61
62
Preferi ed.tr.rec.(* “
100
*65%
*65% 66
65% 65% *65%
Northern Central (Balt.). 50
3%
3%
3%
*3
3%
3 ~ 3
3%
*3 '
3%
Norther 1Pacific (Phila. )\00
15% 15% *15% 16% *15% 16% *15% 16
Preferred
“
100 *15% 16
179% 180 *179 180 *179 180
180 *179 180
Old Colony.......(Boston) 100
50
50% 50% 50% 50
50%
Pennsylvania ...(P hila,). 50 50% 50% 50% 50%
*
21
20
Philadel. A Erie.
“
50
4%
4% 413! *413, « 4%
478 5
4%
5
5
Phila. A Reading.
“
50
88% 88% 88% 88% 89
88% 89% 88% 89%
Philadelph Trac.
“
50 88
4
4
6
6
*4
*4
Summit Branch (Boston). 50
9
9
9%
*9
9%
9%
9%
9%
8% 9%
Union Paciflo___
“
100
*235 236 *235 236
236% 236 236 *235
United Cos ofN.J.CPAiiaJlOO
*5%
*5% 5%
*5%
5%
*5%
6
5%
5%
W.N.Y. APa.tr rec “
100
m iscellan eou s Stocks.
92% 93%
Am.Sug’r Refln.fi ( Boston)___ 91% 92% 92% 93% 91% 93% 92% 93
91% 91% 91% 92
91% 92
91% 91% 91% 92
Preferred........
“
...
193 195
191 192
192 193
194 195
Bell Telephone..
“
100 191 191
36
Bost A Montana.
“
25 36% 36% 35% 36% 35% 35% 35% 35% 36
10
*9% 10
*9% 9% 10
*9% 10%
*9% 9%
Butte A Boston..
“
25
292
292% 292 292
Calumet A Hecla
“
25 290 295 *292 295 *292 295
*70%
*70%
*7o% 72
*70% 71
Canton C o .......... (Balt.). 100 *70%
63% 63% 63% *62% 63% *63
63%
Consolidated Gas
“
100 63% 63% 63
46% 48% 47% 47% *47% 49
48% 48%
Erie Telephone.(Boston). 100 *46
29
29% 29% 28% 29% 29% 29%
General Electric.
“
100 28% 28% 29
*61
66
*61
66
*61
66
61
61
66
Preferred.........
“
100 *61
22% 22% *22% 23%
22% 22% *22% 23
LamsonStoreSer.
“
50 *22%
45% 47
47
47
47
46% 46%
46% 47
Lehi’h CoalANav. (Phila.) 50 47
66% 66% *66% 67%
67
67
N. E.Telephone (Boston) 100 66% 66% 66% 67
3% 3%
3%
North American (Phil.). 100
3%
*2
*2
2%
*2
2%
2% *21ie 2%
2%
2%
West End L and..(Boston) ...
asked
prices;
*
Bid
and
no
sale
was
made.
( 3d instalment paid.

Inactive Stocks.

Bid.

Ask.

Prices of February 21.
89%
Atlanta A Charlotte (Balt.). 100
Boston A Providence (Boston).100 260 262
Camden A Atlantic p f. (Phila.). 50 32%
4
“
50
Catawissa.......... .........
50
1st preferred..........
“
50
2d preferred...........
“
50
49%
51
Central Ohio............... (Balt.). 50
Connecticut A P ass..(Boston). 100 135 137
Connecticut River ...
“
100 240 248
Delaware ABoundBr. (Phila.). 100
12
FMnt A Pere M a rq ...(Boston). 100 10
31
Preferred....................
“ 100 30
Har.Ports.Mt.JoyAL (Phila.). 50 84%
12
Kan. C’y Ft.8. A Mem.(Boston). 100 10
50
40
Preferred.................
“
100
66
Little Schuylkill.........(Phila.). 50
Mine Hill A 8. Haven (Phila.). 50 68
54% ........
Nesquehoning Vai___
“
50
Northern N. H........... (Boston). 100
......
North Pennsylvania. (Phila.). 50 84%
4%
5%
Oregon Short Line...(Boston). 100
45
Pennsylvania AN. W. (Phila.). 50
2%
Rutland.................... (Boston).100 2
71
70
“ 100
Preferred...................
Seaboard A Roanoke. (Balt.) .100
1st preferred..........
“
100
10%
Sou th ern ........., ........
“
100 10
“ 100 31% 32%
Preferred....................
60%
60
West End...............(B o s to n ). 50
86%
86
Preferred............
“
50
56
West Jersey................ (Phila.). 50
27
West Jersey A Atlan.
“
50
Wilm. Col. A Augusta (Balt.) .100
Wilmingt’n A Weldon
“
100
3%
2%
Wisconsin C entral...(Boston). 100
25
“
100
Preferred...................
Worc’st.Nash.ARoch.
“
100 120 125
MISCELLAN EOU8.

Inactive stocks«




Range of sales in 1895.

Week,
Shares.

Lowest.

4*8 Jan.

•75 Feb.
65 Jan.
71 Jan.
16% Jan.
161* Jan.
210*4 Jan.
200 Jan.
2168% Jan.
12 Jan.
53 Jan.
72% Feb.
57% Feb.

17
8
21
4
15
2
24
30
29
15
9
4
4

25 Jau.
1% Jan.
82% Jau.
33% Jau.
50% Jan.
32>« Feb.
125% Jan.
90% Jan.
5% Jan.
29 Jan.
59% Feb.
64 Jan.
2% Jan.
15% Jan.
L78% Jan.
48% Jan.
20 Jan.
4%,Jan.
82% Jau.
2% Jan.
8% Jan.
235% Jan.
5% Jan.

*25 Jan.
2 Jan.
86Tg Feb.
35% Jan.
53 Jan.
36% Jan.
131 Jan.
106% Jan.
7% Feb.
33% Jan.
6b Jan.
67% Jan.
3% Jan.
18 Jan.
180% Jan.
51% Jan.
20 Jan.
6iBieJ an.
99% Jan.
4 Feb.
11% Jan.
237 Jan.
6 Jan.

4
10
6
9
3
3
9
9
20
10
2
18
8
18
19
18
31
15
2
18
15
24
2

86% Jan.
90 Jan.
L86% Jan.
33% Jan.
9% Jan.
290 Jan.
70 Jan.
6138 Jan.
45 % Feb.
28% Feb.
60 Feb.
22% Jan.
46 % Feb.
66 Feb.
Jan.
Jan.

93%
93%
197
39%

4
8
11
25
18
20
16
2
IO
10
12
2
5
18
20
10

Ì16
10
478
2
2,104
3,435
150
H
o
g
b
(►

Ask.

Highest.

3 % Jan.
*50 Jan.
61>s j an.
90 70 Jan.
60 14% Jau.
622 14% Jan.
11
19
101 L60 Jan.
15 101« Feb.
50 Jan.
9,596 695s Jan.
12,010 541* jan.
357

50
525
100
15
1,461
1,496
5,592
20
131
2
30
16,245
1,065
450
1,951
10
50
265
33
2,973
5
22
295
32
200
100

Bonds«

Feb.
Feb.
Feb.
Jan.
11% Jan.
292% Feb.
91% Jan.
65% Jan.
54% Jan.
35% Jan.
69% Jan.
23% Jan.
49% Jan.
69 Jan.
3% Feb.
2% Jan

Bid. Ask.

Boston Unlted Gas, 2d m . 5s. .1939
Phila A Read, new 4 g., 1958, JAJ 69% 70
Burl. A Mo. River Exe npt 6s, JAJ
1st pref. income, 5 g, 1958, Feb 1 21% 22%
Non-exempt 6s.........1918, JAJ
12 %
2d pref. income, 5 g, 1958, Feb. 1 12
Plain 4s.......... ............. 1910, JAJ
7%
3d pref. income, 5 g, 1958, Feb. 1 ' 7%
Ohio. Burl. A Nor. 1st 5,1926, AAO
2d, 5s..........................1933, AAO 117
2d mort. 6 s . . „ . .........1918, JAD
Consol, mort. 7s........1911, JAD
127%
Debenture 6s.........1 8 9 6 , JAD
Consol, mort. 6 g ......1 9 1 1 , JAD
Chio. Burl. A Quincy 4 s..1922, FA A
Improvement]». 6 g., 1897, AAO 104 104%
Iowa Division 4s.......1919, AAO
95
Con. M.,5 g.,stamped,1922,MAN
Chio.AW.Mich. gen. 5s, 1921, JAD
,
Terminal 5s, g .....1 9 4 1 , Q.—F. 101 101 %
Consol, of Vermont, 58.1913, JAJ 85%| 86
Phil. Wilm. A Balt., 48.1917, AAO 102
Current River, 1st. 5s..1927, AAO
Pitts. C. A St. L., 7 s ....1900, FAA 113
Det. Lans.ANor’n M. 7 s.1907, JAJ
110
Schuyl.R.E.Side,lst 5 g.1935, JAD
Eastern 1st mort 6 g.l906,M AS..
Steuben. AInd., lstm . ,5s. 1914, J AJ 108
i Tee.Elk. A M.V.,lst, 68.1933, AAO
Union Terminal 1st 5s.......... FAA
Unstamped 1st, 6s....1933, AAO
Warren A Frank.,1st,7s,1896,FAA 101 %
K.C. C. A Spring.,1st,5g.,1925,AAO
K O. F.8. A M. oon. 6s, 1928, MAN
. B o n d s , —B a ltim ore.
K.C. Mem. A Bir.,1st, 2s,1927, MAS
Atlanta A Chari., 1st 7s, 1907, J AJ 118 119%
K.
C. St. Jo. A 0. B., 7s.. 1907, JAJ
Baltimore Belt, 1st, 5 s.1990, MAN 100% 101%
L. Rock A Ft. By 1st, 7 s.. 1905, JAJ
Balt. C. Pass. 1st 5s.. .1 9 1 1 , MAN 114 115
Louis., Ev.ASt.L., 1st, 6g.l926, AAO
Balt. Traction, 1st 5s..1929, MAN 106% 107
2m., 5—6 g ................ 1936, AAO
Exten. Aim pt. 6 s ....1901, M&S 105% 106
Mar. H. A Ont., 6s.......1925, AAO
No. Balt. D.v., 5 s.....19 4 2 , JAD 105 * 106
Mexican Central,4 g ... 1911, JAJ
Baltimore A Ohio 4g., 1935, AAO 102
1st oonsol.moomes, 3 g, non-oum.
Pitts. A Conn., 5 g ...l9 2 5 , FAA
2d consol, incomes. 3s, non-oum.
Staten Island, 2d, 5 g.1926, JAJ
88
1 . Y. A N.Eng,, 1st, 7s,1905, JAJ!
Bal.AOhio S.W.,lst,4%g.l990, JAJ 105
1st mort. 6 s...........1 9 0 5 , JAJ
65%
CapeF.AYad.,Ser.A.,6g.l916, JAD 0fj
2d mort. 6s................19Q2,FAA
Series B., 6 g . . . . ......1 9 1 6 , JAD 50
60
Ogden. AL.C.,Con.6s...1920,AAO
Series C., 6 g .....,....1 9 1 6 , JAD 52% 60
Inc. 6s........................... .....1 9 2 0 „
Cent. Ohio, 4% g .............1930, MAS
Ru tland, 1st,6s........... 1902,MAN 5110% 111%' Ce it. Pass., 1st 5 s .....19 3 2 , MAN
2d, 5s......................... 1898 ,FAA )1Q1% 102% City A Sub., 1st 5s........ 1922, JAD 107% 107%
Chari. Col. AAug.ext.5s. 1910, JAJ 104 104%
AUeglieny| V a lf^
18(l§, JAJ 103% . . . . . . Col. A Greenv., 1st 5-68.1917, JAJ 105% 106%
Atlantic City 1st 5s, g., 1919,MAN ........ 100
75
SO
Ga. Car. A Nor. 1st 5 g ..l9 2 9 , JAJ
Belvidere Del., 1st, 6 s..1902, JAD 110 ........ Georgia Pao., 1st 5-6S...1922, JAJ 108 108%
Catawissa, M., 7s........ 1900, FAA 112 ........ North. Cent. 6 s . . . . . . ....1 9 0 0 , JAJ 111
Clearfield A Jeff., 1st, 68.1927, JAJ ........ 118
6s................................... 1904, JAJ 115
Connecting, 6s........ 1900-04, MAS 114 .........| Series A, 5s.................. 1926, JAJ 114
Del. A B’d Br’k, 1st, 7s.1905, FAA 1 2 6 % ........
4 % s............................. 1925, AAO 109
Easton A Am. lstM .,5s.l920,M AN 1 0 9 % ........ Piedm.ACum.,lst, 5 g .l9 1 1 , FAA
98 100
Elmir. A Wilm., 1st, 68.1910, JAJ. 118 . . . . . . Pitts. A Connells. 1st 7s.1898, JAJ 108% 109%
Hunt. A BrMTop,Con.5s.’95,AAO 1 0 1 % ........ Southern, 1st 5s............1994, JAJ
8 6 * 86 %
Lehigh Nav. 4%s.......... 1914, Q—J 110% ........ Virginia Mid., 1st 6 s ...1906, MAS 115
2d 6s, gold.................. 1897, JAD 108
117
.......
2d Series, 6s...........................1911MAS
General mort. 4%s, g.l924,Q —F 105
112 115
.......
3d Series, 6s.........................1916,MAS
Lehigh Val. Coal 1st 5s,g. 1933, JAJ ....... 100
4th Series, 3-4-5s.......1921, MAS
Lehigh Valley, 1st 6 s...1898, JAD 109
103%
.......
5th Series, 5s....................... 1926,MAS
2d 7 s............................ 1910, MAS 136 ........ West Va C. A P. 1st, 6 g.1911, JAJ 106 106%
Consol. 6......................1923, JAD 1 2 1 % ........ West’l. N.C. Consol. 6 g.1914, JAJ 109
North Penn. 1st, 7 s ....1896, MAN 105 ........ Wilm. Col. A Aug., 6s.. 1910, JAD
116
Gen. M. 7s................... 1903, JAJ 1 123 ........
MISCELLANEOUS.
Pennsylvania gen .6s, r..!910, Var! 132% 134 Baltimore Water 5 s ...1916, MAN 120 122%
Consol. 6s, o
...........1905, Var 119
.....
Funding 5 s..... ...........1916, MAN
Consol. 5s, r ..................1919, Var 116% .......
Exchange 3%s.....................1930,JAJ
itfs* iÖ3%
Collat. Tr. 4% g .......... 1913, JAD 106
74%
....... Virginia (State) 3s, new.1932, JAJ 72
Pa. A N. Y. Canal,7s...1906, JAD 125 126
Funded debt, 2-3s....... 1991, JAJ
58% 58%
Con. 5s......................1 9 3 9 , AAO 103% ....... Chesapeake Gas, 6 s.....1 9 0 0 , JAD 108 108%
Perkiomen, 1st ser.,5s.l913, Q—J 100% ----- C o n so l.G a s ,6 s ..........1 9 1 0 ,JAD 114 115
Phila. A Erie gen. M. 5g., 1920, AAO ........ 113%
5 s ........................ ....... 1939, J&i 105%'108
Gen, mort., 4 g .......... 1920, AAO 102 ......... Emitauie Gas. i s .......1913. ▲*• > 112 % 112%

*35
Allouez Min’g ,inssipdtBoston). 25 •25
▲tlantio Mining........
“
25 10% 11
8%
8
Bay State Gas fi.........
“
50
4
4%
Boston Land.................
“
10
Centennial M ining...
“
10 ♦50 •75
80%
79
Electric Traction___(Phila.). 50
2
Fort Wayne E le ctfi..(Boston). 25
1%
13
12
Franklin Mining____
“
25
2
1
Frenohm’n’s Bay I /d .
“
5
45
Illinois (Steel...........
“
100 40
8%
8
Kearsarge Mining—
“
25
Morris Canal guar. 4. (Phila.). 100
Preferred guar. 10.
“
100
22
Osceola Mining..........(Boston). 25 21
uincy M ining.. . . . . .
“
25
101 102
amaraek M ining....
“
25
144 145
United Gas Impt...... (Phila.)......... 71% 72
•80
W aterPower............. (Boston). 100 *75
Westingh. Elec. A M ..
“
50 30% 32
Prei., cumulative.
“
50 48% 49
B o n o s —b o s t o n ,
At.?op.AB.F7l00-yr.4g.,1989, JAJ * 64% 65
2d2%-4s, g., ClassA.,1989, AAO * 17% 17%
77%
Boston United Gas 1st 5 s . .. . . . . . . . §^77
* Price includes overdue coupons.
*8 Unlisted.

S

Bid.

Sales
Fri day,
Feb 22.

| And accrued interest,

t Last price this week.

339 ]

THE CHRONICLE,

F e br u a r y 23, 1895 J

NEW YORK STOCK EXCHANGE PRICES (Contlnued)-^C2TTi7 BONDS FEB. 21 AND FOB YEAR 1895.
Closing Range (sales) in 1895.
Inlet* l Price
R a il r o a d
Period Feb. 21.
Lowest.
Highest.

and

Closing Range (sales) in 1895
Price
Period Feb. 21.
Highest.
Lowest.

Mise el . B onds . Inter’ t

Pac. of Mo.—2d ext. 5s..1938 J A J *102 b. IOS Jan. 106% Jan.
Amer. Cotton Oil, deb., 8 g. 1900 Q - F 110 b. 110% Feb. 113 Jan.
At.Top.&S.F.—100-yr.,4g.l989 J & J 64%
63 Jan.
67 Jan.
F A A 100 b. 100% Feb. 103% Jan.
17%
2d 3-4s, g., CL “ A,t..........1989 A & 0
I 6J4 Jan. 20% Jan.
M A N 103 %a. 103% Feb. 104 Jan.
OoLMidland—Cons., 4 g.1940 F & A * 20 a. 18% Jan.
21% Jan.
J A D 97 b. 97% Feb. 99 Jan.
Gen.R’y & land gr.,5g.l931 A A O 76 b. 76 Jan.
46%
44J8 Jan. 49 Jan.
Atl. A Pac.—Guar., 4 g ....l9 3 7
79% Jan.
2%
278 Feb.
3 Jan. Mobile A Ohio—New,6 g.,1927 J A D 116
W. D. income, 6s..............1910 J & J
116 Feb. 117% Jan.
General
mortgage, 4 s... .1938 M A S
A
A
O
88*2
87%
Jan,
Brooklyn Elev.—1st, 6 g ..l9 2 4
89% Jan.
62% Jan.
66% Jan.
64%
85 Jan. 88% Feb. Nash. Ch. A S t L.—1st, 7s. 1913 J A J 132 a. 132 Feb. 132 Feb.
Union Elevated.—6 g .. . . 1937 M & N 88
Consol., 5 g ......................1928 A A O 101% 100 Feb. 101% Feb.
Canada Southern.—le t 5 b 1908 J & J 110% 109 Jan. I l l Jan.
104% Feb. 107 Jan. Nat’l Starch Mfg.—1st, 6s. 1920 M A N
2d, 5s................................. 1913 M A 8 106
93%
90% Jan.
93% Feb.
51 a. 50 Jan. 50 Jan. N. Y. Central—Deb. ext. 4s. 1905 M A N 103 a. 102% Jan. 103 Feb.
Cent.Ga.-S.&W.lstoon,58.1929
1st, coupon, 7s................. 1903 J A J 121%b. 120% Jan. 124% Jan.
Central o f N. J.—Cons.,78.1899 Q - J lll% b . l l l i a Feb. 111% Feb.
Deben., 5s, ooup., 1884..1904 M A S 108 b. 107% Jan. 109% Jan.
119% Jan. 121 Jan.
Consol.. 7 s . .. . , ...............1902 M A N
N. Y. A Harlem, 7s, reg.1900 M A N 118 a. 117% Jan. 117% Jan.
General mortgage,5 g ...l9 8 7 J & J 11Í b. I l l Jan. 112% Jan.
106
b.
Q
-M
R. W. A Ogd., oonsol., 58.1922 A A 0 117% 117 Jan. 119 Jan.
Leh.&W.B.,con..7s,as’d.l9 0 0
105 Jan. 108 Jan.
“
m ortgage5s.l912 M A N * 80 b. 92 Jan. 92 Jan.
West Shore, guar., 4 s ....2361 J A J 104% 103% Feb. 105 Jan.
112
111% Feb. 114% Jan. N. Y. Chio. A St. L.—4 g . . .1937 A A 0 101% 101% Feh. 104% Jan.
Am. Dock A Imp., 5 s ....1921 J & J
Central Paoiiio.—Gold, 6 b. 1898 J & J 103% 102% Jan. 103% Jan. N. Y. Elevated—7s............1906 J A J 107%b. 107% Jan. 108 Jan.
Cites. A Ohio.—8er. A, 6 g.1908 A A O 121
119% Jan. 121 Feb. N. Y. Lack. A W.—1st, 68.1921 J A J 131 b. 132 Jan. 133% Jan.
Construction, 5s..............1923 F A A *113 b. 113% Feb. 113% Feb.
Mortgage, 6 g ................. 1911 A A O 118%b. 117% Feb. 119% Jan.
1st consol., 5 g .................1939 M A N 10478 104% Feb. 107% Jan. N.Y.L.E.&W.—1st,con.,7g. 1920 M A S ‘ 132 b. 131 Jan. 132% Feb.
2d oonsol., 6 g ................. 1969 J A D * 58 %a. 58 Feb. 65 Jan.
71 Jan.
General 4 %s, g ................. 1992 M A S 73%
75% Jan.
Long Dook, oonsol., 6s,g.l935 A A 0 ‘ 130 a. 126 Feb. 131 Jan.
R. A A. Div., lstcon .,4 g.l9 8 9 J & J 91
9 1 Feb. 94 Jan.
N. Y. N. H. & H.—Con. deb. otfs A A O 133
“
2d con.,4g.l989 J & J 86 a.
137 Jan. 141 Jan.
Eliz. Lex. & Bi g San.~5 g. 1902 M & S 99
97% Feb. 99% Jan. N. Y. Ont. A W.—Ref. 4s,g.l992 M A S
92
88 Jan. 92 Feb.
Consol., 1st, 5s, g ............1939 J A D 109 b. 110 Feb. 111% Jan.
Chic. Burl. & Q.—Con., 78.1903 J & J ii8 % b . 118% Jan. 121 Jan.
Debenture, 5s...................1913 M & N 99 %a. 99% Feb. 101 Jan, N.Y.Sus.&W.—Istref.,5sg.l937 J A J 103%b. 101% Feb. 108 Jan.
Midland o f N. J., 6s, g . 1910 A A O 119 b. 119 Jan. 119 Jan.
Convertible 5s................ 1903 M A 8 1021fl 102 Feb. 104 Jan,
Denver Division 4s........ 1922 F & A 93%b. 93% Feb. 96% Jan. Norf.& W.—100-year, 5s, g.1990 J A J 47 b. 48% Feb. 48% Feb.
No.
Paoiiio—1st, coup., 6 g.1921 J A J 113 b. 112 Feb. 114% Jan.
Nebraska Extension, 4s. 1927 M & N 87%
86% Feb. 88% Jan.
General, 2d, coup., 6 g. 1933 A A 0
Han.&St.Jos.-Cons.,6s.l911 M A 8 118 %b. 118% Feb. 120% Jan.
85 b. 84 Jan.
89% Jan.
J
&
D
114%b.
General,
3d, coup., 6 g ..l9 3 7 J A D 52 %b. 52% Feb. 58 Jan.
Chio. &E. 111.—1st, s. f.,6 s.1907
114% Feb. 116% Jan.
Consol, mortgage, 5 g ...l9 8 9 J A D 26%b. 24 Jan.
Consol., 6 g ...................... 1934 A & O 124 b. 124 Jan. 125% Jan.
27% Jan.
Col. trust gold notes, 6s.1898 M A N
General consol., 1st, 5s..1937 M A N 96%
96 Feb. 93% Jan.
70 b. 76 Jan. 77% Jan.
Chio. A N. Pac., 1st, 5 g.1940 A A 0 i 40% t37 Jan. t41 Jan.
Chioago A Erie.—1st., 5 g. 1982 M& N 83
S3 Jan. 86 Jan.
19
a.
Seat. L. S. A E., 1st, gu.6.1931 F A A \ 35 b. 140 Feb. 145 Jan.
Income, 5s....................... 1982 Oot.
18% Feb. 23 Jan.
Chic. Gas L. & 0.—1st, 5 g . . 1937 J & J 94 %b. 90% Jan. 94% Feb. No. Paoiiio & Mont.—6 g..l9 3 8 M A S
31%b. 30% Jan.
34% Jan.
Ohio. Mil. A St. P.—Con. 7s. 1905 J & J 125 b. 125 Feb. 126 Jan. So. Pacific Ter. Co.—6 g...l9 3 8 J A J 98 b. 96 Jan. 100% J a n .1
1st, Southwest Div., 6s.. 1909 J & J 113 b. 115 Jan. 116% Jan. Ohio A Miss.—Con. s. f.,7s.l898 J A J 107%a. 107% Jan. 107% Feb.
Consol., 7s....................... 1898 J A J 107 %a. 107 Jan. 107% Feb.
1st, So. Minn. Div ,6 s ... 1910 J & J 117%a. 116 Jan. 117% Jan.
1st, Ch. & Pac. W.Div.,5s. 1921 J & J 110
109% Feb. 111% Jan. Ohio Southern—1st, 6 g ... 1921 J A D 92%b. 92 Jan. 96 Jan.
General mortgage, 4 g... 1921 M A N
Chic. A Mo. Riv. D iv.,5s. 1926 J & J ‘ 104 b. 104 Feb. 105% Jan.
43
42 % Feb. 43 Jan.
Wise. Ss Minn., Div., 5 g. 1921 J & J 109 J^b. 107% Jan. 109% Feb. Omaha A St. Louis—4 g ...l9 3 7 J A J t 40 a. t35 Jan. t36 Feb.
Terminal, 5 g ................... 1914 J & J 109 b. 108% Feb. 109% Jan. Oregon Impr. Co.—1st, 6 g.1910 J A D 96 %b. 97 Jan. 99 Jan.
Gen. M., 4 g., series A ... 1989 J A J * 88 a. 87 Feb. 88% Jan.
Consol.. 5 g .......................1939 A A 0 53
49 Jan. 54 J an.
Mil. & Nor.—1st, con., 6s. 1913 J A D 118
116 Jan. 118 Jan. Ore. R.& Nav.Co.—1st, 6 g.1909 J A J 107 b. 106% Jan. IOS Jan.
Ohio. &N. W.—Consol.,7s. 1915 Q - F 140
Consol.,
5 g ...................... 1925 J A D 74%b. t73 Jan. 75% Jan.
139 Feb. 143% Ja!n.
Coupon, goal, 7s........... 1902 J «fe D 121 b. 121% Jan. 123% Feb. Penn. Co.—4% g., ooupon.1921 J A J 110%a. 109% Jan. 110% Feb.
Sinking fund, 6s........... 1929 A & 0 123 a. 120 Jan. 120 Jan. Peo. Deo. & Evansv. —6 g.1920 J A J 92 b. 92 Feb. 95 Jan.
Evansv. Division, 6 g ... 1920 M A S
Sinking fund, 5s........... 1929 A & 0 1097ab. 109 % J an. 110% Jan.
95 b. 95 Feb. 97% Jan.
2d mortgage, 5 g..............1926 M A N
Sinking fund, deben., 5s. 1933 M A N 108 b. 106% Jan. 110 Jan.
24 b. 25 Feb. 28 Jan.
25-year debenture, 5 s ... 1909 M A N 107%b. 106% Jan. 108 Jan. Phila. A Read.—Gen., 4 g.1958 J A J 70%
68 Jan. 74% Jan.
Extension, 4 s.................. 1926 F & A *101%b. 100 Jan. 102% Feb.
1st pref. income, 5 g.......1958
* 20 %b. 19% Jan. 24 Jan.
2d pref. inoome, 5 g .......1958
Ghio.R.I.&Pao.—6s., cou p.1917 J & J 125 %b. 126 Jan. 127 Jan.
12%
10 Jan.
15% Jan.
Extension and col., 5s... 1934 J & J 100% 100 Feb. 103 Jan.
3d pref. inoome, 5 g .......1958
7%
6% Jan.
11 Jan.
30-year debenture,5s... 1921 M A 8 90 b. 91 Jan. 91% Jan. Pittsburg <&Western—4 g.1917 J A J * 82%b. 80% Jan. 84% Jan.
Ohio. St. P. M. & O —6s....1930 J A D 124
122 Feb. 126% Jan. RioGr. Western—1st, 4 g.1939 J A J 65 b. 63 Jan. 68% Jan.
Cleveland & Canton.—5s.. 1917 J A J 87 %a. 82 Feb. 85 Jan. St. Jo. A Gr. Island—6 g ..l9 2 5 M A N t 55 a. 156 Jan. t59% Jan.
0 . 0. C. A I.—Consol., 7 g.1914 J A D *135 a. 122 Jan. 122 Jan. St. L. & San Fr.—6 g., CLB.1906 M A N 113 b. 114% Jan. 114% Jan.
General oonsol., 6 g .___ 1934 J A J 120 >aa. 119 Feb. 122% Jan.
6 <f„Class C .................... 1906 M A N 113 b. 114 Jan. 116 Jan.
O.O.O.&St.L.—Peo.&E.,4s. 1940 A. A O
75 b. 74% Feb. 77 Jan.
General mortgage, 6 g..l9 3 1 J A J 103%b. 102 Jan. 104% Jan.
Cons. guar. 4s, g ............. 1990 A A O ‘ 51 %b. 50% Feb. 54 Jan.
17 a.
Income, 4s........................1990 April.
Col. Coal A Iron.—6 g .......1900 F & A 94 b. 93 Jan. 95 Jan. St. L. So. West.—1st, 4s, g.1989 M A N
69%
62 Jan.
69% Feb.
OoLH. Val. A Tol.—Con., 5 g. 19 31 M & 8 89
2d, 4s, g., inoome............1989 J A J 23
87% Jan. 90 Feb.
16% Jan.
23 Feb.
89 b. 88 Jan. 90 Feb. St.P.M. AM.—Dak.Ex., 6 g. 1910 M A N 118
General, 6 g ....................19 0 4 J A D
117% Feb. 119% Jan.
IstoonsoL, 6 g .................1933 J A J 117 b. 118 Jan. 120 Jan.
Denver A Rio Gr.—1st, 7 g. 1900 M A N ■H4%b. 114% Feb. 115 Jan.
1st consol., 4 g.................1936 J & J .81%
“
reduced to 4% g.. J A J 100 %b. 100% Jan. 102% Jan.
79 Jan. 81% Jan.
Dul. So. Sh. A Atl.—5 g .. .1937 J & J 90 b. 90 Feb. 99% Jan.
Montana Extension, 4 g.1937 J A D 87
85% Jan.
87 Jan.
Ft. W. A Denv. City.—6 g .. 1921 J A D 68
65 Feb. 74% Jan. SanAnt.&A.P.—lst,4g.,gu.,’43 J A J 54%
52 Jan.
56 Jan.
Gal.H.&SanAn.-M.&P.D.lst,5g M A N * 91 b. 91 Jan. 91% Jan. Sav. Fla. A West.—Ist,6g.l934 A A 0 115 b. 112 Jan. 117 Jan.
Gen. Eleotrio, deb. 5s, g .. .1922 J A D 90
87 Jan. 93% Jan. So. Pacific, Ariz.—6 g .. 1909-10 J A J 89
88 % Feb.
89% Jan.
Hous. A T. Cent.,gen. 4s, g . 1921 A & 0
62 b. 61 Feb. 62% Jan. So. Paoiiio,Cal.—6 g . . . . 1905-12 A A 0 110%b. 109% Jan. 110 Jan.
Illinois Central.—4 g ........ 1952 A A O
1st oonsol., gold, 5 g .......1937 A A 0
89%
89 Feb. 90% Jan.
4s, g ...................................1953 M A N 98 %a. 98 Jan. 98% Jan. So. Paoiiio, N. M.—6 g ....... 1911 J A J 98 b. 99% Jan. 100% Jan.
Int. A Great Nor.—1st, 6 g. 1919 M A N 117 b. 117 Feb. 119 Jan. Southern—1st cons, g., 5s. 1994 J A J 86%
84% Jan.
89% Jan.
2d 4-5s.............................. 1909 M A 8 68 Jab. 68 Feb. 71% Jan.
E. Tenn. reorg. lien4-5s.1938 M A S
85 a. 79% Feb. 83% Jan.
E. Tenn. V.&G. oon. 5 g.1956 M A N 104
Iowa Central.—1st, 5 g...,1 9 38 J A D
85
85 Feb. 86 Jan.
102% Feb. 104% Jan.
Kings Co. Elev.—1st, 5 g ..l9 2 5 J A J 69 a. 68 Jan. 71 Jan.
Georgia Pac. 1st 5-6s,g. 1922 J A J 110 a. 109 Feb. I l l Jan.
Laclede Gas.—1st., 5 g . . . .1919 Q - F
Knoxv. A Ohio 1st 6s, g.1925 J A J lll% b . 112 Feb. 114 Feb.
91 b. 90% Feb. 95 Jan.
Lake Erie A West.—5 g... . 1937 J A J 114Jab. 112% Jan. 115 Feb.
Rich. & Danv. oon. 6s, g.1915 J A J 118%b. 118 Jan. 119 Jan.
L.Shore.—Con. op., 1st, 78.1900 J & J Il6% b. 116% Jan. 118 Jan.
West.No.Car.lstoon.6s,gl914 J A J 109 b. 109 Feb. 112 Jan.
Consol, ooup., 2d, 7s.......1903 J & D 12443 a. 123% Feb. 123% Feb.
’enn.C. I. &Ry.—Ten.D.,lst,6 g A A O 76 b. 77 Jan.
78 Jan.
Birmingham Div., 6 g ...l9 1 7 J A J 78 b.
Long Island. - 1st oon., 5 g. 1931 Q -J 118J4b. 117% Jan. 117% Jan.
General mortgage, 4 g .. 1938 J A D 95%
J A D 85
95% Feb. 97 Jan.
83% Jan.
87 Jan.
Louis. A Nash. Cons., 7s. 1898 A ds O 1103s 109% Jan. 110% Feb.
Maroh
23%
21% Jan.
25% Jan.
N.O. A Mobile, 1st, 6 g ..l9 3 0 J & J 115 b. 115% Feb. 120 Jan. Tol. Ann Ar. &.
M A N t 79 b. 78% Jan. 182 Jam
“
«
2d, 6 g .. 1930 J & J 104
J A J 106 b. 108% Jan. 109% Jan.
104 Jan. 104 Jan.
General, 6 g ..................... 1930 J & D 114
J A D 1 57 b. 157% Feb. t60% Jan.
114 Feb. 117 Jan.
Unified, 4 g ......................1940 J & J 75 a. 74% Jan. 77 Jan.
J A J 103% 103% Jan. 107 Jan.
Nash. Fl.ASh.-lst,gtd.,5 g.’37 F & A 83 a. 79 Jan. 85 Jan.
M AS
97%
96% Feb. 98 Jan.
Kentucky Central.—4 g. 1987 J A J 83 b. 83 Jan. 85 Feb.
M AN
Louis. N. A. A Ch.—1st.,68.1910 J A J 110 a. 106 J an. 110 Jan.
F A A * 89 a. 83 Feb. 90% Jan.
Consol., 6 g ...................... 1916 A A O 95J3
M A N 104 b. 104 Feb. 103 Jan.
93% Feb. 95 % Jan.
IstoonsoL, 6,
Louis. 8t. L. A Texas.—6 g. 1917 F A A 56 b. 55 Feb. 55 Feb.
MAN
64%
62 Feb.
78 Jan.
Manhattan oonsol. 4 s ...... 1990 A & O 97Ja
F A A 90%
96 Jan. 98 Jan.
88 Jan.
93% Jan.
Metro. Elevated.—1st, 6 g.1908 J & J 119%a. 118 Jan. 119% Feb.
A A 0
40
39 Feb. 49 Jan.
2d, 6s................................ 1899 M A N 108 b. 107% Jan. 109 Feb.
J A D 34
32 Feb. 397a Jan.
Mich. Cent.—1st, cons., 7s
M A N 11914a. 119 Jan. 121% Jan.
J A J 50 b. 50 Feb. 64 Jan.
MAN
108% Jan. 108% Jan.
(MAN
92 %a. 96% Jan.
96% Jan.
MIL Lake 8h.AW.M A N 130 b. 128% Jan. 1 3 1 Feb. Wabash—1st, 5 ¡
» M A N 105% 104% Jan. 105% Jan
2d mortgage, ¡
F A A I l l a. 113 Jan. 115 Jan.
» F A A 66%
66 Feb. 7078 Jan.
A A O 84%
85% Jan.
81 Jan.
»J A J
21 Jan. 21 Jan.
JAD
80 %
79% Feb. 82 Jan.
f j A J 103 %b 102% Jan. 103% Jan.
F A A 45 4s
44 Feb. 48% Jan.
7 A A 0 f 24%
23% Jan. 124% Feb.
Mo. Pao.M AN
87 a. 88% Feb. 95 Jan.
i J A J 108 %a. 106 Jan. 108% Jan.j
M A N 100 b.
f j A J 45 %b 45 Feb. 51% Jan.1
104 Jan.
Jan.]
Inoome, 5 g ....................19371.
i m o . —1st, ex.,^g.At>jo F
r A
a A ............l o
_____________________________
______
..
loi i Feb.
Feb. 104
rl...........
6%
6% Feb. 1 7% Jan.1
N othi.—“ b ” indicates price bid; “ a ” price ashed ; the range is made up from actual sales only. * Latest price t.h% week, t Trust receipts, j

NEW YORK STOCK EXCHANGE PRICES—(Continued).—
SECURITIES.

Bid. Ask.

Railroad Bonds.
(Utoek Exchange Prices.)
Alabama Mid.—1st, g., guar.. 1928 89
A . T. A 8. F —2d, 4s, Class B.1989
Col. Mid. 1st, g., bs...............1936 *63
Allantio A Danv.—1st g., 6 s..1917
A lt. A Pac.—2d W. D., gu. 6s,. 1907
Balt. A Ohio—1st, 6s, Park B.1919 *118
«* g o ld ....................... .....1 9 2 5




95

SECURITIES.
B. AO.— Jons, mort., gold.5s.1988
W. Va. A Pitts.—1st, g., 5s.. 1990
B. & O. S. W., 1st, g., 4i»8... 1990
Monon. River, lstg.,g. 5s. ..1919
Oent’lOhio Reor.—1 st , 4% s.l930
Ak.dE Ch. Juno.—1st,g,5s,gu. 1930
Bost. H. Tun. A W.—Deb. 5s.1913
Brooklyn Elevated—2d, 5 s...1915
Brunswick A W’n—1st, g. 4s, 1938
Butt. Ro h. A Pitts.—Gen., 58.193'’

Bid. Ask.

Ü O N D S-FE B R U A R Y 21.
SECURITIES.

Bid.

........ ....... B.R.AP.—Rooh. P., 1st, 68.1921 *120
Rooh. A Pitts.—Cons. 1st, 68.1922
Burl Ced. Rap. A No.—1st, 58.1906 104%
Consol. Aooilat. trust,5s... 1934 *
*102% 105
Minn A St. L.—1st, 7s, gu ..l92 7 130%
Iowa C. A West.—1st, 7s___1909
102%
Ced. Rap. I. F. A N., 1st, 6S.1920 95
*
62
85
9 6 1* 99

tent. RR. A F*nk.—Ool. r.An. 1937

A sk.

119"
105
96
136
........
95 "

340

THE CHK0N1CLR

[Y ol,

LX,

NEW iOKK STOCK EXCHANGE PRICES.—IN ACTIVE BONDS—f Continued)—F E B R U A R Y 21.
Bid.

SECURITIES.

Ask.

SECURITIES.

Bid.

Ask.

SECURITIES.

Bid.

Ask.

117
Cent, of N. J.—Conv. deb., 6s.1908
Fla. Cen A Pen.—ls t g . 5 s ....1918
Norfolk A South’n—1st, 5s,g. 1941 102%
1st con. g., 5s ....................... 1943 *99
Central Pacific—Gold bds, 6s, 1895 1001«
Norfolk A West.—General, 6s .1931 108% 110
Gold bonds, 6s..................1 8 9 6 1001«
»1. Worth & R. G.—1st g., 5S..1928
New River 1st, 6s............. 1932
58
102 105
Gold bonds, 6 s ............ .....1 8 9 7 101
Gal. Har. & San Ant.—1st, 6s.1910 95
Imp. A Ext., 6 s ............... 1934
San Joaquin B r .,6 s ............ 1900 103
2d mort., 7s......................... 1905
ICO
Adjustment M., 7s............1 9 2 4
Mort. gold 5 s . .. . . . ..........1 9 3 9
Ga. Car. ANor.—1st, gu. 5s, g.1929
Equipment, 5 s . .. . . . . . ....... 1908
60
92
94
Land grant, 5s, g..................1900
Ga. So. & Fla.—1st, g. 6s........ 1927
Clinch Val. 1st 5 s ........... 1957
60
Cal. A O. Div., ext., g. 5 s ... 1918
Grand Rap. & Ind.—Gen. 5s.. 1924
25
RoanokeASo.—1st, gu. 5s, g.1922
1031« G. B. W. & St. P.—1st, con. 5s.1911
West. Pacific—Bonds, 68----1899
Scioto Val. A N. E.—1st,4s,.1990 68
55
70
No. Railway (Cal.)—1st, 68.1907
2d inc. 4s............................... 1906
Ohio A Miss—2d consol. 7 s ...1911 118%
50-vear 5s.......... ............ ..1938 91
Housatonic—Cons, gold 5 s....1937 ’123 125
Spring.Div.—1st 7s...............1905 106 110
Ches. A O.—Pur. M. fund, 6s. 1898 1061« 107
N. Haven ADerby, Cons.5s..l918 ’114
General 5s..............................1932
981« Hous. A T. C.—Waco A N. 7S..1903 106
Craig Valley—1st, g., 5s----1940
Ohio River RR.—1st, 5s..........1936
ioo*"
Warm Spr. VaL, 1st, g. 5s.. 1941
1st g., 5s (int. g td )..............1937
106
Gen, g., 5 s . . . ......................193
Ches. O. A Bo. West.—1st 6s, g.1911
Cons. g. 6s (int. gtd)............1912 ib i% 102
Oregon A Califor.—1st, 5s, g.1927
80**
1051«
Debent. 6s, prin. A int. gtd.1897 85
95
2d, 6s.................................
Oreg. Ry ANav.—Col.tr. g..5s.l919
Oh. V.-Gen.oon.lst,gu.g,58.1938
Debent. 4s, prin. A int. gtd.1897 *75
86
Penn-P.C.C.ASt.L.Cn.g.4%sA1940 106* 106%
Illinois Central—1st, g., 4s ...1951 109
Chicago & Alton—S. F., 6s---- 1903 1*10% 117
Do
do
Series B ........ ........ 106
1st. gold, 3% s.................
1951 *97%
Louis. A Mo. River—1st, 78.1900 113
P.C.A8.L.-lst,0..7s............... 1900
Cairo Bridge—4s...................1950
2d, 7s.................................. 1900 ‘ 110
Pitts. Ft. W. A C.—1st, 7s...1912 138% 140 *
Springf. Div.—Coup., 6s___1898 113%
S t L. Jacks. A Chic.—2d, 7S.1898 1071«
2d, 7 s ................................. 1912
Mlss.R. Bridge—1st, s. f ., fls.1912 1051«
Middle Div.—Reg., 5s..........1921 111
3d, 7s...................................1912 ........ ........
Otic. Burl. & Nor.—1st, 5 s .... 1926 106 1061« C. St. L. AN. O.—T en .l.,7 s.1897 108 109
CbuSt.L. AP.—1st, con. 5s, g... 1932
1st, consol., 7s....................1897 106
Debenture 6s..............
1896 95
Clev. A P.—Cons., s. fd., 7s. 1900 117%
Ohio. Burling. & Q.—5s, s. I..1901 104
2d, 6s...................................1907
Gen. 4%s, g.. “ A” ......... 1942
Gold, 5s, coupon............... 1951 116
Iowa Div.—Sink, fund, 5s.. 1919
St. L.V. A T . H.—1st,6s.,78.1897 105
Memp, Div., 1st g. 4s.......1951
Sinking fund, 4s.................1919 ’ b*9%
2d, 7s......................
1898
no
Ced. Falls A Minn.—1st, 7s. .1907 112 120
Plain, 4 s ................................1921 88%
2d, guar., 7s.................... ..1898 107
95
Ind. D. A Spr.—1st 7s, ex. cp.1906
Ohio & Indiana Coal—1st 5s.1936
Gd.R. AI.Ext.—lst,4%s,G.g. 1941 T06% 110
Ohi. Mil. A St. P.—1st,8s,P.D.1898 1101« 111
Ind.D.AW.—1st 5s, g.,tr.reo..l947
Peo.AE.-Ind.B.AW.-lst,pf.7s.l900 109 113%
2d, 5s, gold, trust receipts.. 1948
2d, 7 3-lOs, P. D ...................1898 113 116
Ohio Ind.AW.—lstp ref.5 s..l9 3 8
Ind. Ills. A Iowa.—1st, g, 4s..1939
1st, 7s, $ g., R. D .................. 1902 120
81% Peoria A Pek. Union—1st, 6s .1921 110%
115
Int. A G. N’n.—3d, 4s, g ...... 1921
1st, I. & M., 7s......................1897
*65
2d mortg., 4%s................... 1921
75
Kings Co.-F.El. ,lst,5,g. ,gu. A. 1929
1st, I. A D .,7 s......................1899 114 118
Pitts. Cleve. A Tol.—1st, 6s... 1922
Lake Erie A West.—2d g., 5 s.1941
1st ,C. & M., 7s......................1903 120
103% Pitts. A L. Er.—2d g. 5s, “ A ” . 1928
1st, I. A D. Extension, 7 s ... 1908 126 128
L. S. AM.Sou.—B.AE.—New 7s.’98 110 111% Pitts. Me. K. A Y.—1st 6s___ 1932 ....... ........
1st, La C. & Dav., 5s.. . . . . . 1919 105
Det. M. A T.—1st, 7s............1906 120
Pitts. Painsv. A F.—1st, 5 s...1916
1st, H. & D .,7 s.................... 1910 120
Lake Shore—Div. bonds, 7s. 1899 112 114 Pitts. Shen. A L.E.—1st,g.,5s. 1940
Kal. All. A G. R.—1st gu. 5s.l938
1st, H. A D., 5s.................... 1910 105
1st consol. 5s......................... 1943 *82* 83%
Chicago & Pacific Div., 6 s..1910 116
Mahon’g Coal RR.—1st, 5s.1934
Pitts. A West.—M. 5s, g.1891-1941
78
106 Lehigh V.,N.Y.—1st gu.g.4%s.l940 100 100% Pitts.Y’gst’nAA.—1st, 5s,con. 1927
Mineral Point Div. 5 s .......1 9 1 0
C. A L. Sup. Div., 5s..........1921
Lehigh V.Term.—1st gu. 5s,g. 1941
Pres. A Ariz. Cent.—1st, 6s, g.1916
110
Fargo A South., 6s, A ssu ...l9 2 4
Lehigh V’y Coal—1st 5s,gu.g.l933
2d income 6s.......................1916
....... ........
run, conv. sink, fund, 5s___1916
Idtchf. Car. A West.—1st 6s. g.1916
Rio Grande So.—1st, g., 5 s ... 1940
65
Dakota & Gt. South., 5 s ....1916 104
Little Rock A M.—1st, 5s, g.,1937
St. Jos. A Gr. Is.—2d in c ....„ 1 9 2 5
Mil. & Nor. main line—6 s ... 1910 I I 41* 116% Long Island—1st, 7 s ..............1898 110 111%
Kan. C. A Omaha—1st, 5s.. 1927
Bhie. ANorw.—30-year deb. 5s, 1921 1061« 107%
Ferry, 1st, g.f 4%s.............. 192
St. Louis A. A T. H.—
98
Escanaba A L. S. 1st, 6 s....1901
Gold 4s.............................. ..1932
Bellev. A So. 111.—1st, 8 s...4896
108%
Des M. A Minn.—1st, 7s___1907
N. Y. A R’way B.—1st, g. 5s. 192
110
Bellev. A Car.—1st, 6s....... 1923
Iowa Midland—1st, 8s........ 1900
2d mortg., in c . . ................1927 37% 43
Chi.St.L.APad.—1st,gd.g.ös 1917
Peninsula—1st, co n v .,7 s...1898
N.Y.AMan. Beach.—1st, 7s, 1897
Bt. Louis So.—1st, gd. g. 4s. 1931
Ohio. A Milwaukee—1st, 7s. 1898 109 110%
N.Y.B.AM.B.—1st con. 5s,g. 1935
100
do
2d income,58.1931 *85
Win. & St. P —2d, 7s............1907
Brookl’n AMontauk—1st,6s. 1911
Car. AShawt.—1st g. 4S....1932
MU. & Mad.—1st, 6s............1905 111
1st, 5 s ................................. 1911 107%
St. L. A S. F.—2d 6s,g., cl. A .1906 113 115
Ott. O. F. A St. P.—1st, 5 s .-1909 106
No. Shore Br.—1st oon.5s,g. 1932
91%
.......1 9 3 1
General 5 s........
91
106
Northern 111.—1st, 5 s ...... 1910 106
1st, trust, gold, 5s............... 1987
Louis.Evans.A8t. L.—Con.5s.1939 *24
78
25
Ch.R.I.AP—D .M .AF.D.lst4s.l905
Louis. ANash.—Cecil. Br. 7s..1907
Kan. City A 8.—1st, 6s, g ...l9 1 6
57% 60
1st, 2%s..............................1905
E. H. A Nash.—1st 6s, g .,..1 9 l9 11*3% 114
Ft. 8. A V. B.Bg. —1st, 6 s ...1910
85
Extension, 4s....................1905
Pensacola Division, 6s........ 1920
Kansas Midland—1st, 4s, g.1937
114
96%
Neoknk&Des M.—1st, 5 s..1923
St. Louis Division, 1st, 6s... 1921 119
St. Paul A Duluth—1st,5 s ....1931
Ohio. A St.L.(Atch.)—1st, 6s..1915
2d, 3s...................................1980
2d mortgage 5s......................1917
105
Chic. St. P. & Minn.—1st,6 s...1918 123
Nashv. A Decatur—1st, 7s. .1900 111 111% St. Paul Minn A M.—1st, 7 s..1909 111
Bt. Paul A S. 0.—1st, 6s.......1919 128 129
S .f.,6 s —8. A N . Ala.............1910 105
2d mort., 6s.................
1909 117%
Ohio. A W. Ind.—1st, s. f., 68.1919 106
Minneap. Union—1st, 6s___1922 '119
10-40, gold, 6s......................1924 100 103
General mortgage, 6s..........1932
5 0 -year 5s, g.,....................... 1937 95
Mont. Cen.—1st, guar., 6 s..1937 111% 114
Cin Ham. A D.—Con. s. f., 7s.1905 1*18"
1st guar. g. 5s...................1937 101
Pens. A A t .- 1st, 6s, gold ... 1921 101
Sd, gold, 4%s........................ 1937
Collat. trust, 5s, g ................1931
East. Minn., 1st div. 1st 5s. 190b
Cin. D. A Ir’n—1st, gu. 5s, g.1941 99% 100 % Lou.N.Alb.ACh.—Gen.m.g.5s.l940 66%
Wilmar A8iouxF.—1st, g,5s.l93
Olev. Ak. A C o l—E q .A 2d 68.1930
San Fran. A N. P.—1st, g., 5s.l919
Manhattan Ry.—Cons. 4s.......1990
95
97
0.0.0. A St. L., Cairo div.—4s, 1939
Memphis A Chari.—6s, gold.. 1924
So. Car. A Georgia.—1st, g. 5s. 1919
97% 97%
8t.Lon.Div.—Istcol.ts’t4s,g.l990 90
1st con. Tenn lien, 7s.......... 1915
Southern Railway—
Spring. ACoLDiv.—1st,g. 4s. 1940
110
Mexican Cent. Consol.—4s, g.1911
Alabama Central—1st 6 s ... 1918
WiiteW.Val.Div.—1st,g. 4s. 1940
1st, cons, income 3s, g........ 1939
Atl. A Char.—1st, pref., 7 s..189 TOO
Oin.Wab.&M.Div.—1st,g.4s. 1991
Mex. International—1st, 4s,g.l942
Income, 6 s . .. . .................190c TOO
Oin. I. St. L. A C.—1st,g.,48.1936 94
Mexican National—1st, g., 68.1927
Colum. A Green.—1st, 5-6s. 1916 T02
Consol, 6s..............................1920
E. eon. V. A Ga.—1st, 7 s..l9u
2d, income, 6s, “ A” ............. 1917
111 112%
Cin.San.ACl.—Con.lst,g.5s, 1928 *106
2d, income, 6s, “ B ” ........1 9 1 7
Divisional 5 s.................... 193c 109 115
01 Col. Cin. A Ind.—1st, 7s,s.f.l899 113% 113% Michigan Central—6s............. 1909
Rich. A Dan.—Eq. s. f. g. 5s.l9o9
99
96
Consol, sink, fund, 7s.......... 1914
92
Coupon, 5s.............................1931 118%
Deben. 5s, stamped ......l9 2 <
87
Gen. con. gold, 6s, reg........ 1934
Mortgage 4s.......................... 1940 *100
Vir’a Mid.—Serial ser.A, 6s. 1906
Cin. ASpr.—1st,C. C.O.&I.7S.19U1
115
Belies B, 6s............
1911
Bat.C.AStrgis.—Ist,3s,g.gu.l989
Oleve. & Mah. V.—Gold, 5 s ... 1938
Mil. L. S. AW.—Conv. deb., 5s. 1907
Seiies C, 6 s ....................... 1916
Ooiumbia& Green.—1st,6 s...1916
Series D, 4-5s .................... I92i
Mich. Div., 1st, 6s..............1 9 2 4
130
Del. Lack. AW .—Mort. 7s___1907 131%
Seiies E, 5 s .................... ..192t
Ashland Division—1st, 6s ..1925 129
Brea. Bing. & N. Y.—1st, 7s. 1906 130 133 Minn. A St. L.—1st, g. 7s........ 1927 135 140
Series F, 5s......................... 1931
Morris A Essex—1st, 7 s ....1914 141 143
Wash.O.AW.—1st our.gu.4s.1924
79%
74
Iowa Extension, 1st,7 s ..... 1909
L25
Bonds, 7s............................ 1900 115 117
Southwest Ext.—1st, 7 b.......1910 119 122 Ter.RK. As’n of St.L.-lst,4%s.l93s7s of 1871...........................1901 116
Pacific Ext.—1st, 6 s ............1921 119%
Texas ANew Orleans—1st,7s.l90; 113
1st, con., guar., 7s............1915
140% Minn. A Pac.—1st mort«., 5 s.1936
Sabine Division, 1st, 6s.......191; 106
Warren -2d, 7 s .................... 1900 116*
Consol. 5 s ,g ............. .......1 9 4 c
Minn.St.P. A8.8.M—1st C.g.4s.l938
D.Ati.Can—Pa. uiv.,coup.,7s. 1917
Missouri Kansas A Texas—
Tex. A Pac., E. D.—1st, g. 6s. 190.?
Albany & Susq.—1st, gu.,7s. 1906 129 131
Third Avenue (N. Y).—1st 5s, 193r. 118% 120
Mo K.AT.of Tex.lst,gu.5s.g.l942 75
78
1st, cons., guar., 6s......... 1906
121
67
Tol. A. A. A Cad.—6s...............191’i
Kansas < ity A P., 1st,4 s,g..1990
75
Bens. A Bar.—1st, coup., 7s.l921 140
«2
Toledo A. A. A G ’dTr.—g. 6S.1921
Dal. A Waco—1st, 5s, gu..,.1940
Denver City Cable—1st, 6s. ..1908
Tol. A. A. A Mt. PL—6s..........1919
Missouri Pacific—Trust 5 s ...1917
Denv. Tramway—Cons. 6s, g.1910
Tol. A. A. A N. M.—5s, g........ 194i
1st coll., 5s, g .......................1920
Metropol. Ry.—lst,gu. g.6s.l911
80
St L.AI. M.-Ark.Br.,1st, 78.1895 402 102 % T.AO.C.—Kan.A M., Mort. 4s.l99i
Denv. & R. G.—Imp.,g., 5 s ... 1928
81
Tol.P.AW.—l8t4s,inc.i’d.cou.July
65
Mobile A Ohio—1st ext., 6s... 1927
Det.M. AM .—L. g. 3ss,ser.A.1911 *1*5
Ulster A Del.—1st,con.,6.,o s .192. 104
St. L. A Cairo—4s, guar.......1931
t
i
r
Daiuth & Iron Range—1st 58.1937
91
Union Pacific—1st, 6s............189< 103
Morgan’s La. A T.—1st, 6S....1920 114
Brie—1st, extended, 7s......... 1897 108% 109
1st, 7s..........................
1918 125% 126
1st, 6 s ....................................189
103%
2d, extended, 5s.................. 1919 *116
Nash. Chat. A St. L.—2d, 6 s..1901 102
1st, 6s.......................
139. 103%
8d, extended, 4%s............... 1923 1C7
91
Collateral Trust, 6s..............190; *87
N. O. A. No. E. -Pr. 1., g., 6s..1915
4th, extended, 5s.................1920
i i s ” N. Y. Central.—Deb. g. 4 s....1905
Colla reral Trust, 5s..............190*
103
6th, extended, 4 s .............. 1928 100 101%
Kansas Pacific—1st 6s, g ...l8 9 i 10*3%
N. J. June—Guar. 1st, 4 s ...1986 100
1st, con., g., f’d, 7s ............. 1920
1st, 6s, g . . . . . . . ...................189t l04%
Beech Creek—1st,gold, 4s.. 1936 103%
Reorg., 1st lien, 6s.............. 1908 iÖ6 i o T
C. Br. U. P - F . 0., 7s.......... 1895
Osw. A Rome—2d, 5s, g.,gu.l915
B. N. Y. & E.—1st, 7s......... 1916 133
Atch.
Col. A Pac.—1st, 6s... 190;
37
Utica A Bl. Riv.—4s, g., gu.1922
N. Y. L. E. A W - F id . oou. 5s. 1969
Atch. J. Co. A W.—1st, 6s... 190;
N. Y. A Put.—1st, g., 4«. gu.1993
Col. trust.. 6s...................... 1922 ioo* i*r<r N, Y. N. H. A H .—1st,rev 4 s.1903 108
U. P. Lin. A Col.—1st,g., 5s. 191e
Buff. & 8. W.—Mortg. 6s__ 1908
Oreg.S.L. A U.N.,col.trst.,5s.l91i
22
N. Y. A Northern—1st, g. 5s.. 1927 117% 120
Jefferson—1st, gu. g. 5 s __ 1909
ibi*" N. Y. Susq. A West.—2d, 4%s.l937
Utah A North.—1st, 7 s ......190; lo o
O o a l& R R —6s.................... 1922
Gold, 5s...............................1921
Gen. mort., 5s, g ................. 1940
Dock <k Impt.,lst 6s, cur’ cy.1913
Utah Southern—Gen., 7s ..190sN. Y. Tex. A Mex.—Ist,4s,gu.l912
Eureka Springs—let, g., 6s. ..1933
Exten., 1st, 7s.......... .....1 9 0 1
North’n Pacific—Divid’d scrip ext.
40
25
Evans. A T.H.—1st,cons.,6s..1921 TÖ5*’
Valley R’y Co. of O.—Con. 6s.1921
James River Val.—1st, 6s...1936
1st, general, g., 5 s ...............194S
Wabash—Debenture,
Ser. A ..1939
Spokane A Pal.—1st, 6s.......1936
75*
Mt. Vernon 1st 6 s ...............192;
Det. A Chic. Ext. 1st, 5s, g ..l9 4 t
St.Paui A N. P.—Gen., 6 s ..1923 115
.......
E.AT.H.—6ul.Co.Br.l8t,g.,5s.l93(>
No. Missouri—1st, 7s..........1895 101 % 03%
Helena ARedM’n—lst.g., 6s. 1937
Ev.&Rich.—1st gen.5s,g.gu,1931
St B.K.C.AN.—R.E.&RR.7S.189, *104%
77%
DulutliAManitoba—lst,g.6sl936
■vans. & Indian.—1st, cons..1926
Bt.Charles Br’ge—1st,6s... 190 lO o
Dul.AMan Dak.Div.—Isi6s.l937
.......
Flint A P. Maru.—Mort., 6 s...1920 i*.*8*
West Va. C. A Pitts.—1st, 6s.191)
Cceur d’Alene—1st, 6s, gold.1916
1st oon. gold, 5s . ... ......1 9 3 9
Wheel.AL.E.—1st.
5s, gold..,192t 100* ' 100 %
80
Gen. lst,g., 68....................1938
100
Extension A Imp. g.. 5s. ... 1 •
Port Buron—1st, 5s ........1 9 3 9
86
Cent.Washington—1st,g..6s.l93H ...
* No price Friday; these are the Latest quotations made this week, t f o r itilau e iia u e o u * u a «l (J tin a ie <1 d u a d s . —See 3d page preceding.




/

THE

F ebru ary 23,1895.j

Ittiije sira m t

CHRONICLE.
Ro a d s.

341
Latest Earnings Reported,

i J a n . x to diätest Oats.

WeekorMot 1894-5. I 1893-4.
1894-5. Î 1893-4.
Or. R. A i (Con.)
$
Cin. R.AFt.W 2d wk Feb,
6,109
6,673
45,572
43,452
Traverse City 2d wk Feb.
692
1,155
3,978
7,094
Mus. G. R. A I. 2d wk Feb.
1.708
1,479
11,230
9,144
Tot. all lines 2d wk Feb.
44,063
39,65
261,102
260,669
Grand Trunk... Wk Feb. 16 263,573 282,78 l 1.932,905
2,105,148
Chic. A Gr. Tr Wk Feb. 2
The I n v e s t o r s ’ S u p p l e m e n t , a pamphlet o f 160 pages, con­
42,661
50,543
218.502
261,600
Det.Gr.H. A M Wk Feb. 2
13,722
17,358
74,757
tains extended tables o f the Stocks and Bonds o f Railroads, Great
79,550
Nortli’n St. P. M. A M January... 689,911 672.294
and other Companies, with remarks and statistics concerning
689.911
672,294
East of Minn.. January...
86,170
63,866
86,17«
63,866
the income, financial status, etc., o f each Company. It is
Montana Cent, January... 105,858 100,96
105,858
100,967
Tot. system. January... 881,939 837,12
881,939
published on the last Saturday o f every other month—viz., ; Hoo8.Tun.AWil.
837,127
January...
3,383
2,186
3,383
2,186
50,200
January, March, May, July, September and November, and is Hous.E.AW.Tex January...
45,46
50,200
45,467
H umest’nA Shen January...
9,200
9,442
9,200
9,442
furnished without extra charge to all regular subscribers o f Illinois Central. January... 1,571,191 1,486.031 1,571,191
1,486,036
Ind. Dec.AWest. 2 wks Feb
16,729
14,006
the C h r o n i c l e .
84,834
77,389
In. A Gt. North’ n 2d wk Feb
64.852
55,1^6
509,953
397,641
Ihe General Quotations o f Stocks and Bonds, occupying six {Interoc. (Mex.) Wk.Feb. 2
45.404
48,302
232,685
221,519
Central__ 2d wk Feb.
29,247
39.922
176,630
227,121
pages o f the C h r o n i c l e are published on the t h i r d S a tu r Iowa
Iron Railway... January...
4,195
3,761
4,195
3,761
Jack. T. A K. W December.
94,303
87.92«
d a y o f each month.
808,501
809.848
Jamest’ n AL. E. December.
2,552
2,873
43,825
57,016
KanawhaA Mich 2d wk Feb.
6,217
6.076
42.343
34,255
K.C.F.S.AMem.o 1st wk Feb
72,422
79.438
389,687
428,369
K.C. Mem. A Bir. st wk Feb
RAILROAD EARNINGS.
19,. 94
19,558
107,318
125,747
K.
C.Pitts.
A
G
..
wk Kel)
8,452
5.539
44,374
25.409
The following table shows the gross earnings of United Kan.C. Sub. Belt 1st
1st wk Feb
3,485
3.61
19,021
18,274
States railroads (and also a few Mexican and Canadian roads) Kan.C. N. W .... J anuary...
18,245
28,291
18,245
28,291
Kan.C. v Beat. January...
401
1.078
for the latest period reported. The statement includes every
401
1,078
Keokuk A West. 1st wk Feb
6,972
7,770
34,751
road from which regular weekly or monthly returns can be L. Eri6 All. A So. January...
37.736
7,*49
4,394
7,84
4.394
obtained. The first two columns of figures give the gross L. Erie A West.. 2d wk Feb.
57,866
54,184
387,451
343,496
37.557
34.513
earnings for the latest week or month, and the last two col­ Lehigh A Hud.. January...
37,557
34,513
Long Island...... January... 218.857 225,585
218,85
umns the earnings for the calendar year from January l to Los.
225,585
Ang. Term. January...
16,000
11,380
16,000
11,380
and including such latest week or month.
Louis.Ev.ASt.L. 2d wk Feb.
21.224
26.923
144,929
168,975
Louisv.ANashv. 2d wk Feb. 295,660 373.34» 2.227.135 2,409,850
Latest Earnings Reported.
Jan. I t o Latest Date. Louis. N.A.ACh. 2d wk Feb.
39.852
40,045
298,386
262,304
R oads.
Lou St.L.ATex. istw k Feb
7,332 • 6,304
37.351
34,454
Week or Mo 1894-5.
1893-4.
1894-5. I 1893 4.
Macon A Birm .. January..
6,500
7.777
6.500
7.777
Manistique........
January..
10,244
6.170
10,244
$
6,170
*
MemphisAChas. 1st wk Feb
16,197
24,423
105,374
141,866
Adirondack....... December
18,050
17,957
173,544
177,641 {Mexican Cent.. 2d wk Feb
173.566 173,300 1,111,857 1,025,641
Ala. Midland... December
56,251
55,169
568.137
515,577 Mexican Inter’l November
178,728 165,829 1.876.135 1,839,175
Allegheny Val.. December 186,133 171,747 2,176.70* 2-436,816 tMex. National. 2d wk Feb
81,793
79,967
495.978
490,702
Ark. Midland... December
14,313
11,147
102.750
87.362 Mex. Nortnern.. Deoember
57,859
642,262
Atoh. T. A S.Fe 1st wk Feb 478.472 505.041 2,675,58» 2,653,359 {Mexican R’way Wk Feb. 2
71,329
63.001
320,904
295,342
St. L. A San F. 1st wk Feb
91,936 106,660
554,833
579,227 Mexican So....... 4th wk Jan
11,740
14,914
37,880
39,725
Atlantic A Par 1st wk Feb
61.893
62.041
273,338
307.291 Minneap.A St.L. January..
115,184 122,463
115,184
122,463
Col. Midland.. 1st wk Feb
26,031
22.260
ILO,>*60
127,*08 Mo. Kan. A Tex. 2d wk Feb
177,431
142.632
1,294,025 1,021,767
Agg. total... 1st wk Feb 658.336 696.002 3,644,670 3,667,685 Mo.Pao. Alron M 2d wk Feb
331.518 360,108 2,279,239 2,509,584
Atlanta & W. P. December.
43,268
52,329
496.37
Central Br’ch 2d wk Feb
461,363
9,593
12,691
58,134
91,494
Atlan. A Dauv.. Is twk Feb
8,897
9,652
47.83,
Total........... 2d wk Feb
45,596
341,111 372,799 2,337,373 2,601,078
Austin & N’ west November
22,498
31,019
230,740
241.602 Mobile A Birm,. 1st wk Feb
5,356
7,038
29,692
31,263
B. AO. East Lines January... .235,101 1,228,774 1,235,101 1,228.774 Mobile A Ohio.. January... 271,676 293.841
271,676
293.841
Western Lines January... 426,365 312,395
426,365
312,395 Mont. AMex.Gif. January... 105,000 101,902
105,000
101,902
Total........... Januar>... ,661,466 1,541,169 1,661,466 1,541,169 Nash. Ch. A St. L. J anuary... 382,804
411,775
382,804
411,775
Bal.AO.Sou’ w.o 2d wk Feb. 126,426 140,617
749.571
757,808 Nevada Central. Deoember.
1,910
2,844
24,670
39,897
Bath & Hain’ncU December.
2,602
2,595
33.874
35,529 N. Jersey AN.Y. O ctober...
29,05»
28,532
Bir. & Atlantic.. January...
1,073
1,602
1.073
1.602 New Orl. A So’n. January...
8.640
9,767
8,640
9.767
Brooklyn Elev.. 2d wk Feb.
52,389
33,420
320,718
211,847 N.Y. C. AH . R.. January... 3.150,709 3,171,097 3,150,709 3,171,097
Bruns w’ k «West Decern tier.
49,148
43,491
N. Y. L. E. A W.. December. 2,044,445 2,187,267 24.529.773
29,418,045
Butf.Rooh.&Pitt 2d wk Feb.
26,742
52,318
302,23
323,409 N. Y. Pa. A Cliio. December. 481,658 506,040 5,778.883 7,253,059
Bur. C.Rap.AN 1st wk Feb
60,975
69,161
340,686
371,322 N. Y. Out. A W.. 2d wk Feb.
33,343
53,33 9
349,868
360,809
Camden A Atl.. Dec mber.
41,885
41,301
897,000
853.598 N. Y.Susq.A W.. Decern ber. 193,574 144,647
Ca nad 1a nPaei 11c 2d wk Feb. 224.000 286,000 1,625,000 1,960,755 Norf. ASouth’n. December
36,872
36,799
438',28
436,285
Car. Midland__ January...
2.882
4,469
2,882
4.469 Norfolk A West. 2d wk Feb. 129,296 153,658 1,071.052 1,036,554
Cent, of Georgia December. 545,016 541,981
North’n Central December. 517,784 531,218 6,031,261 6,881,806
Central of N .J.. Vo ve mber. ,051,5-0 l,174,5«8 11,208,532 13,392,673 North’n Pacific. 2d wk Feb.
249,257 1,456,931 1,470,650
Central Pacific.. November. ,149,338 1,146,443 12,106,051 13,340,486 Oconee A West. December, 219,165
1,948
2,551
30,058
22,079
Charlest’n&Sav. December.
51,570
60.572
615,927
636,407 Ohio River........ l i t wk Feb
10.527
10,874
56,200
57,568
Char.Sum.A No. January...
5,680
13,145
5,680
13,145 Ohio Riv.AChas January...
14,973
13,959
14
973
13,959
Cheraw. A Dari.. December.
7,973
8,045
88,932
91,887 Ohio Southern.
wk Feb
14,598
14.819
96,339
84,147
Ches. A Ohio___ 2d wk Feb. 127,104 166,594 1,063,423 1,089,258 Omaha A St. L. 2d
November,
22.657
39,901
341,367
495,063
Ches.O.&So.W.. December. 199,345 196.381 2,175,217 2,327,328 Oregon Imp. Co December,
277.196 280,977 3.751,255 3,877,748
Cliio. Bur. & No. December
135.491 165.382 1.828,309 2.361,156 Ow.F.Kou.AG.R
3.557
4,507
Chic. Bur. & Q Decern ber, 2,460.356 2,896,231 31,514.878 38,356,483 Pennsylvania... December,
Decern ber. 5,153,789 5,302,845 58,704,284 66,375^223
Chic. A East. II. 2d wk Feb
66,023
68.572
460.802
443,235 PeoriaDeo.AEv 2d wk Feb.
17,025
16,123
111,932
97.440
Chicago A Erie Decern tier, 189,917 246,971 2,305.396 3,363,293 Petersburg........ December.
39.921
38,38517,811
522,6d5
Chiu. Gt.West’n 2d wk Feb
59.947
67,79
370 395
388,929 Phila. A Erie... Deoember. 279.854 303,667 3,965,197 5.104,880
Chio.Mil.ASt.Pt 2d wk Feb
423.797 495,696 2,739.159 3,170,605 Phila. A Read’g. December. 1,551,928 1,752,512 20,144,192
Chic. A N’thw’nJ December 2,046,846 2,592,260 29,059,547 33,620,114
Coal A ir. Co... December. 1.588,255 2,279,310 21,545,809 22,612.992
25,160,832
Chio.Poo.ASt.L 2d wk Feb,
17,728
15,327
108,910
91,899
Total both Cos. December. 3,140,183 4,031,822 41,690,001 47,773.824
Chio.R’kI. A P . January... 1,124,894 1,312.506 1,124,894 1,312,506 Pitts. Mar.ACh. January...
3,192
2,835
3.192
2,835
Chio.St.P.M.AO Decern l>er. 534,088 740,113 7,297,619 8,328,927 Pitt.Shen.AL.E. January...
27,801
32,173
27,801
32,173
Chic. A W. Mich. 2d wk Feb,
21,549
25,430
152.434
154,4«7 Pittsb. A West.. 1st wk Feb
21.427
18.270
115,929
107,412
Cln.Ga. A Ports. January...
4,361
4,654
4,361
4,054
Pitts. Cl. AToi. 1st wk Feb
12,255
9,30«
66,997
53.440
Cin.A Kent. Sou. December.
1,048
1,410
10,60;
Pitts. Pa. A F 1st wk Feb
12,472
3.206
3,572
13,716
24.205
Cin.Jaok.A Mac. 2d wk Feb.
9,344
9,929
70,503
Total system.. 1st wk Feb
64,739
36.888
31.143
196,642
185,057
Cin.N.O. A T . P. December. 293.000 310,000 3.448.000 3,942,937 Pitt. Young.AA. January...
76,022
52,704
76,022
52,704
Ala. Gt. South December. 172.000 166,0« i0 1.495.000 1,778,959 Quinoy O.AK.O.
18,839
18,318
18.839
18,318
N. Orl. A N. E. December. 127.000 146,220 1,171,152 1,439,723 Rich.Fr’ksb.AP. January...
59 13
December.
56,2*3
698,676
732,153
Ala. A Vioksh. December.
6 *,000
71,000
561,453
597,523 Rich. A Petersb. Deoember.
24.874
23.091
329,882
335,311
Vicks. Sh. A P. December.
71,000
64,89«
578,097
560,638 Rio Gr. 8outh’ n 2d wk i eb
6.203
6,240
42,982
41,053
Erlanger Syst. Decern ber. 736.000 758,116 7.251.000 8,316,520 Rio Gr. West’n .. ¡2d wk Feb
3 ¡,600
30.400
200 550
195,700
Cin. Ports. A V January...
18,311
14.002
18,311
14,002 Sag.TusoolaAH. !j anuary
8.773
7,355
8,773
7,355
Col. A Maysv Decern tier.
944
942
10,969
14,310 Sag. Val. A St. L December
7,005
6.791
85.941
92.554
Oev.AkrouACo 2d wk Feb.
15,293
16,178
102.542 St. L. A. A T. H 1st wk Feb
95,839
22,010
24,230
128,680
138,591
Clev.Can. A So.. tth wk Jan
19,181
13,822
5 1,299
39,652 St.L.Ken’etASo
3,276
3.058
3.276
3.058
Cl.Cin.Ch.ASt.L 2d wk Feb. 210,686 205,553 1,477,595 1,354,014 St.L.Southw’rn, January...
86.400
80,100
627,900
534.746
Peo. A East’ u December. 140.608 121.623 1.586.0 6 .710.049 8t. Paul A Dul’tli 2d wk Feb.
J
anuary...
84,138
90,158
84.138
90,158
O . Lor.A Wheel 2d wk Feb.
18,127
120,292
102.542 San Ant. s A .F . Decemoer. 25o,630 167,859 1,946,751 1,881.551
13.138
Col. H. V .A T oi January... 203,845 187,72o
203.S45
187.720 8.Fran.AN.Pao. 4th wk Jan
15,809
15,750
39.661
44.001
Col. Saud'y A H. 2d wk Feb.
16,101
8,364
100,474
59,280 Sav. Am. A Mon January...
38,696
40,307
38.696
40,307
Colusa A Lake . J anuary...
1,ODn
1,300
1,000
1,300 Sav.Fia. A West. December. 397.781 426.310 3,446.597 3,380.400
Crystal............... December.
1.146
1 1 ,0 2 *
865
14,814 8ner.8nrev.A So 2d wk Feb.
4.910
7,285
46.053
42,575
Cumb’l’d Valley. December.
79,142
81.626
812,061
893,604 Sil verton........... December.
5,076
5,034
53,597
68,393
Deuv. A Rio Gr. 2d wk Feb. 121,900 113,40o
768,300
752,000 So. Pacific Co.—
Det.Lans’gANo. 2d wk Feb.
17.297
16,189
102,377
110,855
Gal.Har.AS.A November. 436,494 370 ,711 3,850,355 3,880.716
Duluths.S.AAtl. 4th wk Jau
37,580
33,471
118,550
103,976
Louis’a West. November.
93,806 103 ,252
895,593 1,016,723
Elgiu.Jol.AEast January...
78,232
93,596
78,232
93,596
Morgan’ sLAT November. 723,349 747. ,988 5,324,697 5.063 311
Eureka Springs Decern I>er.
9,215
7,175
73,016
78,405
N.Y.T.
AM
ex.
November.
29,497
28! ,695
239,827
241,651
Evans. A Iud'plis 2d wk Feb.
5,014
4,683
34,351
31.597
Tex. AN. Ori.. November
155,991 154 ,464 1,417,689 1,626,935
Evans. A Rich.. 2d wk Feb.
1.104
1,294
7,802
9,386
Atlantic sys.6. November. 1,491,936 1,432, 10« 11,952,692 11,98 7,888
Evansv. A T. H. 2d wk Feb.
16,925
20.139
118,796
125,162
Pacific system November. 2,787,926 2,797 034 28,842,257 32,378.852
F it c h b u r g ........... December.
617,36
597,960 7,018,183 7,353.359
Total of all November. 4,279,862 4,229, 140|40,794,949 44.166,740
Flint A P. Marq. 2d wk Feb.
31.298
248,084
46,593
271,257
So. Pac. of Gal No vein tier. 805,215 830,,579 8,353,575 9.9} 0,940
Fid.Cut.A Peuin 1st wk Jan
53,410
59,710
53,440
59,710
So.Pac.of Ariz November. 203,525 181,,703 1,914,285 1,875.445
Ft. tt . A Rio Gr. 2d wk Feb.
6,572
52,377
29,526
4,452
8o.Pac.of N.M. November
83,290
848.163
*0,.45 «
870,278
Gads. A Att. U. January...
6 3
546
546 Southern R y ... 2d wk Feb. 290,895 361,,652 2,169,599 2,233,563
623
Georgia RR....... 2d wk Feb.
20,524
151,750
31,322
184,628 e ta te u 1st. K. T December.
1,018,904
1,034,382
Ga. Car*la A No December.
76.042
72,103
553,311 StonyCLAOMt.. December,
711,(45
Ì.542
44,535
Ï.¡61*8
47,622
Geo. So. A Fla.. January...
72.00U
90,712
90,712 Summit Branch. January... 104 248
72,000
I t ,486
104.243
74,436
Gulf A Chicago. January...
4,177
3,515
3.515
4.177
Lykens Valley January...
,383
8-1,773
65
84.778
6 ),e83
Gr. Rap. A lud. 2d wk Feb. I
S54
30.850.
TVfMl hnrh Q > January. . 1*9. 26 140 36*
200,32 2
200,979
189.026
140,369
AND

R a ilr o a d




THE CHRONLCLE.

342
Latest Earnings Reporeea.
R oads .

Week or Mo 1894-5.

1893-4.

8
$
95,068 113,747
3,940
4,481
11.479
14,219
24,849
3 ,15 h
16,329
17,850
20,099
24,156
28,495
27,456

Jan. 1 to Latest Date,
1894-5.
9
851,008
4.481
113,873
198,668
97,483
162,140
411,456

1st week o f February.

1893-4.
Col. Sandusky A Hook’ g.
Det. Gr. Haven A Mil.*..
Evansv. A Richmond___
It. Worth A Denv. City.
Interoceanio (Mex.).*___
1 Kan. City Ft. 8. A Mem..
1 Kan. City Mem. A Birm..
1 Keokuk A Western..........
I Memphis A Charleston..
I Mexican Railway*... .. .
1 Mobile A Birmingham...
1 Toledo Peoria A West’n..

[V o l .
1895.
9
13.221
13.722
1,149
20,813
45,404
72,422
19.494
6,972
16,197
71,329
5.356
17,850

1894.
$
8.459
17,358
1.140
23,341
48,302
79,438
19.558
7,770
24,423
63,001
7,038
16.329

Increase.
9
„
4,762

LX

Decrease.
9

........

3,636
833,862
Texas A Pacific. 2d wk Feb.
9
3,940
Tex.S.ValAN W January...
2.528
105,176
Tol.A.A. ANo.M. 2d wk Feb.
2,898
. . . . ....
167,748
7,016
Tol. A Ohio Cent. 2d wk Feb.
88,314
64
1st
wk
Feb
........
Tol. P. & West..
134,650
798
Tol. St. L.AK .C 2d wk Feb.
433,606
December
8,226
Ulster A D el...
8.328
Union Pacific—
i,682
........
Un. Pao. RR. December. 1,106,196 1,299,333 14,739,437 17,376,792
5,861,635
1,521
Or.S.L. AU . N December. 387,177 385,047 5 ,0 16,6^3 1,005,699
............
786.98
58,662 104,731
St.Jos.&Gd.Is. December.
160,420
96,156
13,836
5,793
175,014
505,360
Kan.C.AOm. December.
I Total (79 r o a d s )....... 5,813,463 6,143,809
14,630
12,894
Tot.8t.J.AG.I. 2dw k Feb.
330,346
....
91,492 | N«i decrease (5’38 n. o.L
............
58,134
12,691
9,093
Cent.Br........ « 2d wk Feb.
Ach.Col.AP. > December.
486,879
355,828
For week ending February 2.
29,734
21,866
Aeh.J.C.A W 5
The following will furnish a comparison of the weekly
768,111
365,643
46,201
29,786
Montana Un. December.
43,680 results for a series of weeks past.
41,550
4,232
3,031
Man. A1.A Bur. December.
27,861.835
23,254,829
Gr’d total.* December. 1,713,874 2,076,623
W EE K L Y GROSS BARNINGS.
232,219
298,385
63,773
57,045
U. P ac.D .& G 1st wk Feb
------ Changes ■
113,787
119,221
23,341
20,8 IS
Ft W’th&D.C, 1st wk Feb
Amount.
Period and number o f
1894.
1893.
Wabash .......... 2d wk Feb. 195,053 193,370 1,290,342 1,313,072
P. et.
232,280
9
2 2,174
18.756
roads included.
$
$
38.634
Waco <fc Northw December.
2-47
1,713.463 Deo.—1st week (78 r’ds). 7,439,957 7,260,753
179,204
Inc.
1,579,87
106,280
105,795
December.
West Jersey.—
020.725
Deo.
71,799
69,662
“
2d week (74r’ ds). 7,043,464 7,069.189
71,799
69,662
W.V.Cen.& Pitti January...
1 00
71,512
Ino.
378,061
342,323
“
3d
week
(79
r’
ds).
7,220,731
7,149,219
34,965
28,833
November
West Va. A Pitts
4'06
374,062
Deo.
«87,191
533,605
“
4th week (31 r’ds). 8,835,840 9,2 )9,902
50,011
48,176
Western of Ala. December
1,194,203
1895.
1S94._
1,248.132
78,416
87,802
West. Maryland December
193,237
Deo.
209,048 Jan.—1st week (75 r’ds). 5,733,322 5,826.659
215,500
61,400
70,301
West. N.Y. A Pa 4th wk J au
115,509 Deo. 1 93
132,980
136,556
“
2d week (73 r’ds). 5.873,650 5,989,159
21,524
23,980
Wheel. A L. Erit 2d wk Feb
2 34
115.263
Ino.
76.948
78,628
“
3d week (76 r’ds). 6.365,047 6.219,779
6,481
6,106
Wrightsv.ATen December.
256,9 ; 9 ino. 2-97
“
4th week (83 r’ ds). 8,924,251 8,667,273
330,346 Deo. 5-38
t Includes Milwaukee A Northern for all periods.
_ ..
Feb.—1st week ( ’ 9 r’ds). 5,813,463 8,143,809
* Figures given do not include Oregon Ry. A Slav., Uu. Pao. De South421,786 Deo. 8'63
2d week (56 r’ds). 4,434,011 4,855,797
Gulf, Denver Leadville A Gunnison and Leavenworth Topeka An

Not E arainfs «o a ttily to Latest Dates.—The following
a These figures include results on leased lines.
b Includes earnings from ferries, eto., aot given separately, t Mexi- «hows tho gross and not earnings to latost dates of all railroads
ean ourrenov. c Includes only half of tines in whiob Union Paciflo ha s furnishing monthly statements. The compilation includes
a half interest. <f Includes Ohio A Mississippi in both years. __ f In
J n S T ju lr a n d ' A u ^ ” m l. Lake Shore A West, included for 1894, I «v e ry roa d fr o m w h ich w e ^
but®not for 1893 ; for previous mouths and for September, Ootober, and in th at fo r m is g iv e n o n ce a m on th . L a rly r « u r n s are
November and December this road is included in both years.
1 published fr o m w eek to w eek , as soon as issu ed , but lo r tn e
I convenience of our readers all the roads making returns are
Latest Gross Earnings by Weeks.—The latest weekly I brought together here in the week in which w e publish our
earnings in the foregoing are separately summed up as I monthly article on net earnings—say on or about the 2Utn 01
follows :
. .
. .
J the month
— Eel Earnings. —
— Oross Earnings —
For the second week of February our preliminary statement |
1894-5.
1893-4.
1894-5.
1898-4.
covers 56 roads, and shows 8 68 per cent loss in the aggregate.
9
$
Roads.
$
®

Addison A Penna —
___
7,745
8,146
Oet. 1 to Dee. 31---24,041
29,224
24,533
J a n . 1 to Deo. 3 1 ....
$4,977
87,866
6,832
5,106
$
9
9
$
-G eo.
1 i n ’t s l
........
48,670
14,191 I Adirondack............
46,993
140,617
126.426
Jan. 1 to Deo. 3 1 ....
173,544 177,641
Balt. A Ohio Southwest.
18.969
33,420
52.389
14,261
Brooklyn Elevated..........
10.612
Alabama
Midland....Dso.
66,251
55,169
25,606 |
26,742
52,348
Buffalo Rooh. A Plttsb’g.
80,898
40,119
Jan. 1 to Deo. 3L—
-568,137
62,000 I
286.000
224,000
22,105
Canadian Paciflo.............
23.150
July
1
to
Dec.
3
1
....
241,422
222,321
39,490 1
166,594
127,10i
Chesaneake A Ohio........
55,014
55,027
2,549 1 Allegheny Valley....D so.
186,133
171,747
68.572
66.023
Chicago A East. Illinois
877.027
824,923
5a* l to Deo. 31 . 2,176,708 2.436.816
7,844 |
67.791
59.947
Ohioago Great Western..
71,899
I
.
.
.
.
.
.
.
.
495,696
423.797
Chioago Milw. A St. Paul
Annap. Wash. A Balt.—
n
4,099
2,174
2,401
15,327
17,728
Chic. Peoria A St. Louis.
Oet. 1 to Dec. 3 L -...
12,952
i l ’Z ??
21,067
16,043
3,8*81 |
25,'* 30
21,549
Ohioago A West Michigan
Jaa. 1 to Deo. 3 1 ....
57,9o5
58,360
585 I
9,929
9,344
7.432
Cm. Jackson A Mackinaw
8,866
ab’ aaZ
885 Arkansas Midland...Deo.
....
16.178
15,293
38,480
Cleve. Akron A Columbus
56,666
Jan. 1 to Deo. 3 1 ....
102,750
87,362
5,133
205,553
210,686
Gleve. Cin. Ohio. A St. L ..
768,80g
76 7,903
__ .... I At. T. A 8. F e ....b ..Deo. 2,626,266 2,805,398
4.989
13,138
18,127
Clev. Lorain A Wheel---July 1 to Dso. 31....15.290.6*6 18,032,406 4,016,667 4,496,36 j.
............ I
7,737
8,364
16,10 i
Col. Sand’sky A Hocking.
215,630
139.883
8,500
.... . . . . I •t. L. A Ban Fr..l»..Deo.
113,4o0
12L.900
507,258
488,132
Denver A Rio Grande....
1,108
16,189
17,297
Detroit Lans’g A North’n
* July 1 to Deo. 3 1 .... 3,318,879 3,426,154 1,517,355 1,396,067
33 L
4,683
5,014
Evansv. A Indianapolis.
48,031
def.
18,232
A tla n tic A Pao. .b.D eo.
294,329 ,2 6 5 ,3 9 5
190
1,294
1,104
Evansville A Richmond.
303.557
117,503
July 1 to Deo. 3 1 .... 1,632,467 l,5t>4,591
3,214
20,139
16,9 <5
Evansv. & Terre Haute..
36,560
21,357
Colorado Midl’d.b..Deo.
2,120
4,452
6,572
Ft. Worth A Rio Grande.
119,802
85,068
July 1 to Dee. 3 1 ....
806,322
739,414
10,798
31,32*2
.... ...
20,524
Georgia ..........................
1,063,121
911,316
5,204
30,350
35,554
Grand Rapids A Indiana
Total of a ll.b .......Deo. 3.55 ■»,638 3.686,943
__
564
6,6 3
Jan 1 to Deo." 31. ...30,611,187 47,577,143 9,189,373 14B96,121
6,109
Cincinnati R. A Ft. W ..
463
1,155
692
jm y 1 to Deo! 3 i: ".2 i;0 4 8 :3 5 6 23,762,566 5,957.3e3 8.09a,000
Traverse City...............
229
1.479
1.708
17,718
Musk. Gr. Rap. A Ind .
19,987
43,268
19.216 Atlanta A W. Point. .Deo.
282,789
263,573
156,206
Grand Trunk of Canada.
189,034
Jan. I to Deo. 31 . . .
486,375
9,696
.... ...
55,156
64,852
106,393
Intern’l A Gt. North’n ..
114.735
July 1 to Deo. 3 1 ....
259,591
256,555
10,675
39,922
29,247
Iowa c e n t r a l.............
17,832
13,290
Austin A Northw.. .N or.
22,498
1.41
6,076
6.217
Kanawha A Michigan,
102,731
94,620
Jan. 1 to Nor. 3 0 ....
230,740
241,602
3,682
54,184
57,866
bake Erie A W estern....
5,699 Baltimore A Ohio—
V6.923
21,224
Louisv. Evansv. A St. L.
307.577
311,600
77,680
373.340
295,660
Louisville A Nashville..
Lines E .O .R .b ...Jan. 1,235,101 1 223.774
193
40,045
39,852
S 3 A ' f c 7 A - t f “ l o S f f i i i i lS « I S ’, M 7 3,784.644 3,798.120
Louis. N. Albany A Chic
266
173.300
173,566
Mexican Central............
Lines W. O. R .b...Jau .
426,365
312,395
78,702 def.17,969
1,826
............
79,967
81,793
Mexican National..........
627,569 1,053,804
July l to Jam 3 1 .... 3,097.999 3,702,243
34,799
142,632
177,431
Mo. Kansas A T ex a s....
293,631
386,279
Total
system.
.
b
.
.
.
Jan.
1,60
L,468
28,590
360.108
331,518
Mo. Pacific A Iron M t...
4,412,213 4,851.924
3,098
9,593
12,691
Central Branch .......
190,734
177,380
_____
19,996
534,651
53,339
516,798
33,343
N. V. ODtario A Western
B. A O. Southw..........Deo,
2.341,333
24,332
153,658
129,296
Norfolk A Western........
Jan. 1 to Dee. 3 l .... 6,232,416 6,672,348 2,306,944
80,092
219,165
249,257
Northern Paciflo............
July 1 to Deo. 3 1 ... , 3,325,764 3,353,446 1,282,910 1,271,413
221
14.318
14,598
Ohio southern...............
Bangor A Aroostook—
902
16,123
17.025
19,284
Peoria Deo. A Evansv..
51,463
46,729
122,800
Oct. 1 to Deo. 3 1 .....
37
6,203
6,240
Rio Grande Southern..60,550
124,533
190,338
366,292
Jan. 1 to Deo. 3 1 .....
30,400
2,200
32,600
Rio Grande Western—
1,171
1,455
2,595
2,602
1,736 Bath A Hammonds... Deo.
12,894
14,630
St. JoseDh A Gd. Island
19,756
17,033
35,529
33,874
6,300
Jan. 1 to Deo. 31---86,400
80, IOC
8t. Louis Southwestern.
2,375
4.91C
7,285
Sherman Shreve. A So..
Bennington & Rutland—
27,121
70,757
24,675
361,652
290,895
126,984
124,444
Southern Kaiiway........
July l to Deo. 3 1 .....
27,452 • 41,706
18,679
113,747
95.0b6
229,640 . 259,090
Texas A Paciflo-------- Jan. 1 to Deo. 3 1 .....
2,740
14,2 IS
11,471
134
Tol.Ann Arbor AN.Mieh
def.589
1,691
1,514
. . . . . . . . Birm. A Atlantio. b..Dee.
24,849
8,31<
33.15i
1,345
Toledo A Ohio Central..
def.905
28,2u5
21,134
Jan. 1 to Deo. 3 1 ....
4,057
20,098
24,15b
1,550
Toledo St. L. A Kan. C.
def.
i,*32
11,034
10,224
July 1 to Deo. 3 1 .....
193,370 1
195,053
l,t)8i
Wabash..........................
. . . . . . . . Boston A Albany—b
•23,980
21,524
2,45b
Wheeling A Lake Erie..
974,152
980,024
2,423,697
.
2,400,427
Oct. 1 to ueo. 31---557,565
Jan. 1 to Deo. 3 1 ..... 8,922,066 9,791,751 3,451,262 3,888,155
135,778
4,434,Oil 4,855,79'
Total (56 roads).......
421,786 Boston & Maioe—b
Net decrease (8-68 p.
1,135,110
Oot 1 to Deo. 3 1 ...... 4,310,415 3.911,125 1,283,850
For the first week of February our final statement covers
Jan. 1 to Deo. 31.. .16,292,310 16,882,885 5,628,263 4,925,818
79 roads, and shows 5 38 per cent 1038 ia the aggregate.
Bost. Rev B’h A Lynn—
11,371
18,589
56,332
58,650
Oct. 1 to Deo. 3 1 ....
94,473
100,219
315,716
285,233
Jan. 1 to Dec. 3 1 .....
Increase.
Decrease.
1
1894.
1895.
1st week of February.
Bridgton A Saco River—
1,380
1,021
6,611
6,137
Oot. 1 to Dec. 3 1 ...
9
9
9
10,221
$
10,716
28,3)6
29,333
Jan. l t o Deo. 3L—
160,394
461,689 I
Previously rep’d (64 r’ds) 5,397.001 5,698,296
51,626
57,628
147,877
0.
145,435
755 | Br’ klyu Elevated a . . Dec.
9,652
8,897
Atlantio A Danville.......
742,999
674,755
8,186
69,161
Jan. 1 to Dec. 31----.. 1,730,848 1,839,280
60,97
Burl. Ced. Rap. A North.
308,402
313,806
843,582
..
813,250
7,882
S
50,54 >
July 1 to Deo. 31..
42,661 .
Chioago A Gr. Trunk.*...
..........
2 d week o f February.




1895.

1894.

Increase.

Decrease. 1

29

60

F e b r u a r y 28, 1895.]

THE CHRONICLE,

343

Gross Earnings.
■Net Earning».—
•---- Gross Earnings.—
—Net Earnings.—
1894.
1893.
1894
1893
„
1894.
1893.
Road».
1894.
1893.
$
$
Roads.
s
$
9
8
Brunswick A WeRt.-.Dec.
43,491
49,148
12,451
14,381 Elmira Cort. A North.—
July 1 to Deo. 31 . . .
283.599
233,973
97,828
65.391
Oot. 1 to Deo. 3 1 ....
112,168
98,204
36,495
28,995
Butt. Roeh. A Pitts.. b. Deo.
253.511
255,097
82,785
Jan. 1 to Dec. 3 1 ....
398,621
72.030
398,138
116,140
110,891
Jan. 1 to Dec. 3 t ___ 2,733,211 3,393,157
799,148 1,036,715 EdisonEl.U.Co., N.Y. Jan.
166,953
135,184
93,703
July 1 to Deo. 3 1 .... 1.650,323 1,736,936
76,843
562.3J8
532.550 Ed. El. 111. Co., Bklyn..Jan.
49,335
40,418
24,092
Bari. Ced.R.A N o.a. .Dec.
22,981
323,094
375,016
124,611
101,798 Elgin Joliet A E .a ..D eo.
Jan. 1 to Deo. 3 1 .... 3,748.831 4,221,755 1,026,613 1,272,897
84,012
108,703
23,777
38,804
Jan.
1
to
Deo.
3
1
....
1,035.332
988,539
299.816
Camden A A tl...... a .. Deo.
279,817
41,885
41,301 def 20,770
def.803
July 1 to Deo. 3 1 ....
541,468
526,459
160,924
Jan. 1 to Doc. 31___
181,5*7
897.000
853,598
248.810
192,359 Eureka Springs........ Dec.
9,215
7,175
5,419
Canadian
Pacific.a..D ec i,w i.o u n a,633,884
3,834
-VUOU10V1U0.II..U0C.
588,443
580,897
Jan. 1 to Deo. 3 1 ....
73,016
78,405
41,192
40,019
Jan. 1 to Deo. 31....18,752,168 20,962,316 6,423,309 7,741,416
Fall Brook—
Carolina Midland__ Deo.
3,837
4,993
1,012
1,309
Oct. 1 to Deo 3 1 ....
185,433
205,843
86,825
Jan. 1 to Deo. 31___
105,321
57.207
60.953
15.647
14,349
Jan. 1 to Deo. 3 1 ....
622,739
718,496
258,989
July 1 to Deo. 3 1 ....
35,585
357,451
37,348
15,921
15,122 Fitchburg—b
Central of Georgia—
Oct. 1 to Deo. 3 1 .... 1,933,251 1.850,095
645,377
Railroad System.a.Deo.
oj'oicui.a.uBu.
545,016
541,981
,256,727
654,090
240.968
Jan. 1 to Dec. 3 1 .... 7,018,183 7,353,359 2,218,128 2,112,22ft
July 1 to Deo. 3 1 .... 2,888,577 2,893,882 2Ì161.842
918,461 Flint A Pore M ar.a..N ov.
192,271
189,863
49.071
Cent, of N. Jersey, a. Noy. 1,051,590 1,174,568
<190,690
38,768
479,397
Jan. 1 to Nov. 3 0 .... 2,201,253 2,528,966
601,316
Jan. 1 to Noy. 3 0 .... 11,208,532 13,392,673 3,812,116 5,391,902
622,931
Fla. Cent. A Pen...... July
159,150
101,845
31,485
Central Paoiflo..b...N ov. 1,149,338 1,146,443
461.667
4
B2
la
*
14,301
462,145
Jan. 1 to July 3 1 .... 1,478,426
980,564
462,161
Jan. 1 to Nov. 30....12,106,051 13,340,486 4,596,342 5,432,774
307,726
Ft.Worth A Den.C.b.Nov.
184,694
154,635
Cent. Penn. A West.—
91,634
55,637
Jan.
1
to
Nov.
3
0
....
3,192,112
1,378,077
Oot. 1 to Deo. 3 1 ....
5,017
5,157
279,561
335,486
172
150
Ft. Worth A Rio Gr . Deo.
Jan. 1 to Doo. 31___
22.875
22,415
52,969
34,414
1,734
def. 69
29,800
11,263
Jan. 1 to Deo. 3 1 ....
396,666
379,366
Oliar. Cin. & Chic,....Deo.
16,514
15,476
163,648
118,934
5.796
4,838
Gadsden
A
Att.
Un.
.
.
Deo.
Jan. 1 to Dee. 3 1 ....
168,456
155,747
621
691
24,951 def.34,739
374
437
Jan. 1 to Dec. 3 1 ....
6,772
9,392
Char. & Savannah...Deo.
51,570
60,572
3,851
5,832
13,826
22,063
Jan. 1 to Deo. 31___
615.927
636,407
108,498
120,232
154,162
159,094 Georgia, a ................ Jan.
138,454
143,41ft
July 1 to Jan. 3 1 ....
July 1 to Deo. 3 1 ....
254,161
253,850
842,882
873,254 1294,059 1383,531
40,260
29,117
Char. Burnt. A Nor..Sept.
20,495
11,157
87,831
87,976
-------7,180 def.2,745 Ga. South’n A Fla.b..Deo.
37,649
30,042
Jan. 1 to Deo. 3 1 ....
117,166
112,514
Jan. 1 to Sept. 30___
879,882
822,916
112,514 def.10,944 def.14,269
223,515
152,113
July 1 to Deo. 3 1 ....
457,050
403,222
Oheraw A D a ri..b ...D eo.
7,973
8,045
133,915
91,286
2,123
1,794
Rap. A In d .... Deo.
Jan. 3 to Deo. 3 1 ....
88,932
91,887
198,064
185,622
20,078
54,067
17,331
24,836 Grand
Jan. 1 to Deo. 31___ 2,467,144 2,807,287
July 1 to Deo. 3 1 ....
48,342
43,638
19,899
596,038
12,975
507,374
Ohesap. A O hio..a...D ec.
800,247
718,339
Jrand
Tr’k
of
Can...Nov.
252,677
217,452
1,649,067 1,779,380
468,936
477,010
Jan. 1 to Deo. 3 1 .... 9,127,666 9,865,471 3,012,355 3,092,592
Jan. 1 to Nov. 3 0 .....16,369,151 18,290,439 4,714,057
5.240,140
July 1 to Deo. 31___ 5,002,175 4,918,620 1,700,973 1,705,099
July 1 to Nov. 30___ 8,116,005 9,091,986 2,429,188
2,712,272'
Ches. O. ASo’ w n.b...D eo.
199,845
196.381
68,202
Ohio. A Gr’ d Tr.....N ov.
227,553
72,553
289,081
1,927
33,185
Jan. 1 to Deo. 3 1 .... 2,175,217 2,327,328
Jan. 1 to Nov. 3 0 .... 2,495,402 3,937,021 def.3,146
760,932
823,264
803,639
July 1 to Nov. 3 0 .... 1,054,879 2,187.386 def.40,25 2
Ohlo.Bur. A North.b.Deo.
135,491
165,332
43,858
651,72
62,652
JaD. I to Dee. 31___ 1,828,309
1,823,309 2,361,156
Ddt Gr. H. A Mil...Nov,
548,436
33,399
848,070
84,635
4.915
10,400
Jan. 1 to Nov. 3 0 ....
934,383 1,032,897
Ohic.Burl.A Quin.b. .Dec. 2,460,356 2,896,231 x,uo9,v
« i l1.181,945
ih i 94a
1,063,941
119,154
166,108
J u ly l to Nov. 30. ..
470,333
Jan. 1 to Dec. 3 1 ....3 1,514,878 38,356,483 12,400,571 131854,284
500,510
63,974
94,550
Ohio. M. A St. P .a ....D ec. 2,203,524 2,534,175
901,248
859 441 Gulf A Chicago...b..Jau.
4,177
3,515
1,478
def. 859
---------Jan. 1 to Deo. 31....28,473,366 33,860,022 ------9,975,026
11,428)381 Moos. Tun. A Wilm..Nov.
3,691
3,581
1,341
1,247
July 1 to Deo. 3 1 .... 14,795,091 17,649,656 5,334,063 6,572,655
Houst. E. A W. Tex..Deo.
69,305
58,955
37,792
31,035
Ohio. Peo. A St. Louis.—
Jan. 1 to Deo. 31___
489,160
461,474
191,720
174,340
July 1 to Sept. 3 0 ...
245,662
203,221
July 1 to Deo. 31___
64,148
299,277
252,347
137.630
112,992
Ohio. A W. Mich........Dec.
120,644
129,524
21,658
41,331 Illinois Central. a...Deo. 1,751,486 1,730,319
Jan. 1 to Deo. 31___ 1,596,517 1,892,710
636,544
545,034
318,758
398,567
Jan.
1
to
Deo.
31....18,345,331
22,040,989
4,895,965
7,207,774
Cln.J&ck. A Mack. b.. Dec.
56,259
52,334
9,090
J u ly l to Deo. 3 1 .... 9,828,00612,140,139 2,867,559 4,259,642
7,356
Jan. 1 to Deo. 31___
637,009
666,980
112,209
101,767 Ind. Deo. A West. ..Deo.
45,973
36,479
July 1 to Deo. 31___
21,758
10,746
345,215
326.329
67,574
44,146
Jan. 1 to Deo. 31___
427,085
442,611
117,219
103,14»
Clnn. & Kent. So......Deo.
1,048
1,410
July 1 to Deo. 31___
367
262,239
def.556
222,719
100.630
53,22*
Jan. 1 to Deo. 3 1 ....
10,603
12,472 def.8,140 def. 1,001 Towa Central____ b..Deo.
139,607
181,368
51,867
70.515
Clan. Lebanon A Nor.—a
Jan. .1 to Deo. 31 . . . 1,673,671 1,918,913
531,281
661,852
Oot. 1 to Deo. 3 1 ....
68,315
69,698
July 1 to Dec. 3 1 __
27,632
857,705
28,875
1,007,612
297,120
392,062
Jan. 1 to Deo. 3 1 ....
125,956
131,714
46,739
49,898 Iron Railway___b .. .Deo.
4,885
4,565
1,595
208
Oln. Ports. & V ir.b...D eo.
19,570
20,710
Jan. 1 to Deo. 31___
2,562
2.922
42,356
41,476
7,062
4,135
Jan. 1 to Deo. 3 1 ....
253,704
266,284
47,854
July 1 to Deo. 31___
39.600
22,822
18,856
4,779
509
July 1 to Deo. 31___
186,480
137,440
27,176
20.453 Jaok. Tam. A K . W ...D ec.
94,303
87,926
47,209
40,358Olev. Akron A C ol.b .Dec.
65,524
70,656
Jan. 1 to Deo. 31___
23,327
18,900
808,501
809,348
614,355
285,730
Jan. 1 to Dec. 31___
857,718
972,113
277,8*4
262,675 Jamest’n A L. Erie...Deo.
2,552
2,873
July 1 to Deo. 31__
53
def.214
420,599
467,973
165,092
135,743
Jan. 1 to Deo. 31___
43,825
57,016
7,196
6,902
Clove. Canton & So..Dee.
47,633
45,808 def.8,278
def. 178 Kanawha A M ich.b..Deo.
32,382
30,973
July 1 to Deo. 3 1 ....
10,098
9,068
875,960
419,210
68,287
59,446
Jan. 1 to Deo. 3 1 ....
386,081
364,437,
101,541
109,629
dev.Oln.C.A St.L.a.,Deo. 1,194,574 1,110,076
329,024
July 1 to Deo. 31___
279,088
210,617
190,883
60,897
59,316
Jan. 1 to Deo. 3 1 .... 12,948,140 13,789.668 3.286,660 3,360,980
gKan. C.Ft. 8.A M.a.Deo.
399,859
473,356
July 1 to Dec. 3 1 .... 7,030,819 7,116,730 1,776,625 1.773,511
126,149
178,953
Jan. 1 to Deo. 31___ 4,769,407 5,237,679 1,451.905 1,365,759
Peoria A East'n,a..Deo.
140,608
121,623
37.361
July 1 to Deo. 3 1 ___ 2,414,022 2,535,816
13,966
764,590
750,718
Jan. 1 to Deo 3 1 .... 1,586,066 1,710,049
263,44,3
199,544 Kan.C. Mem. A B,a..Deo.
114,461
119,731
July 1 to Deo. 3 1 ....
40,071
40,913
872,737
896,479
221,659
135,407
Jan. 1 to Deo. 3 1 .... I1,056,216 1,125,852
175,889
192,907
Clev. Lor. A Wheel...Deo.
89,668
75,437
17,164
July 1 to Deo. 3 1 ....
10,950
556,938
578,569
116,829
122,979
J a n .l to Deo. 3 1 .... 1,238,417 1,392,538
361,217
355,7 ¿3 Kan. City Northwestern—
July 1 to Deo. 3 1 ....
782,251
720,955
271,978
235,456
Jan. 1 to Deo. 3 1 ....
275,088
347,120
14,620
61,031
Ool. Newb. A Laurens—
Kansas City A Beatrice—
July 1 to Deo. 31___
38,409
38,433
4,654
6,407
Jan.
1
to
Deo.
3
1
....
11,684
13,604
Jan. 1 to Deo. 3 1 ....
def.42,348
80,633
def.28,104
72,044
18,228
8,100
Keokuk A West’n b...Deo..
28,326
28,411
Ool. Sandusky A Hook.—
9,393
7.182
Jan. 1 to Dec. 3 1 .....
363,548
386,645
July 1 to Oot. 3 1 ....
113,162
410,590
128,247
333,358
181,581
Laclede
Gas-L.
Co....Jan.
Crystal...................... Deo.
93,064
1,146
865
82,807
413
228
Jan. 1 to Deo. 3 1 ....
11,028
6,465
14,814
5,019
3,505
642
6,146 L. Erie All. A So.a...D eo.
591
Jan. 1 to Deo. 3 1 ....
77,455
77,192
Gamberland Y alley... Deo.
79,142
10,313
12,788
81,626
10.103 def.24.842
Jan. 1 to Deo. 31 . . .
812,061
306,190
893,604
276,239
255,323
151,221
199,975 L. Erie A West’n.b...Deo.
124,827
Jan. 1 to Deo. 3 1 .... 3,345,404 3,512,621 1,479,552 1,463,873
Delaware A Hudson—
Bennse. A Saratoga—b
Lehigh A Hud. River -i>
Oot. 1 to Deo. 3 1 ....
oot. 1 to Deo. 31.......
548,852
104,969
519,598
146,853
201,593
47,744
216,178
34,616
Jan. 1 to Deo. 3 1 .... 2,222,729 2,259,766
Jan. 1 to Deo. 3 1 ....
380,222
551,657
787,419
789,349
113,917
163,270
New York A Canada—b
Long Island—b
Oot. 1 to Deo. 3 1 ....
Oot. 1 to Deo. 3 1 ....
208,305
192,585
862,515
908,749
68,863
65.800
238,508
222,114
Jan. 1 to Deo. 3 1 ....
Jan. 1 to Deo. 3 1 .... 4,052,156 4,209,041 1,480,069
810,158
846,590
160,640
148,895
1,405,477
Albany A Susqueh—b
Loulsv.Ev.A St. L.b.N ov.
111,629
121,98«
17,152
34,408
Oot. 1 to Deo. 3 1 .... 1,017,6*7 1,073,8*2
1,292,898 1,556,936
636,516
660,658
269,107
446,36 6
Jan. I te Deo. 3 1 .... 3,854,051 4,303,321 1,760,710 1,995,060
1,716,404 1,674,850
730,388
694,981
Dela. Laoka. A Western—
19,405,293 20,474,632 7,342,614 7,384,248
JL Y. Laoka. A West.—b
10,186,879 9,755,924 4,106,639 3,874,577
Oot. 1 to Deo. 8 1 .... 2,414,174 2,475,396 1,298,183 1,174,200
A. A C.a..Deo.
243,118
228,930
64,057
47,718
Jan. 1 to Deo. 3 1 .... 8,368,582 9,v81,79l) 4,154,636 4,834,948 Loulsv.N.
Jan. 1 to Dec. 31___ 2,889,138 3,469,552
915,284 1,140,639
Syra. Bingh. A N. Y.—b
July 1 to Deo. 3 1 .... 1,594,004 1,840,745
549,584
651,570'
Oot. 1 to Deo. 3 1 .,..
206,512
208,377
83,035
91,110 Louisv. St. L. A Tex.. .Deo.
32,274
32,652
4,991
5.246
Jan. 1 to Deo. 3 1 ....
895,590
919,694
415,127
Jan. 1 to Dec. 31___
402,837
418,870
526,694
80,474
165,133
Den. A R. Grande.b..Dee.
591,961
575,430
247,253
237,006 Maeon A Birming__ Deo.
7,371
5,863
1,618
1,426
Jan. 1 to Deo. 3 1 .... 6,760,109 7.731,911 2,745,115 3,139,743
Jan. 1 to Deo. 31___
79,114
68,526
13,969
12.594
July 1 to Doo. 31___ 3,707,540 8,423,475 1,608,147 1,361,523
July 1 to Deo. 3 1 ....
42,860
34,793
9,646
8,00ft
Det. Bay City & Alp.Nov.
14,310
Maine Central
4,776
Jan. 1 to Nov. 30___
217,806
Oot. 1 to Deo. 3 1 .... 1,199,191 1,135,185
92,716
438,831
421,256
Det. Lans. A N or.a..D eo.
91,321
86,747
11,671
13,570 Manhattan Elevated b
J a n .l to Deo. 3 1 .... 1,098,723 1,205,093
Oct. 1 to Deo. 3 1 .... 2,517,294 2,727,735 1,160,593 1,335,194
200,169
234,306
Jan. 1 to Deo. 31 __ 9,613,524 10,763,183 4,167,494 5,189,205
Duluth A Iron Range—
Oot. 1 to Deo. 3 1 ....
257,626
Manistique................Deo.
158,912
5,849
52,471
58,524
2.407 def.1,986
def. 177
Jan. 1 to Deo. 31___ 1,516,837 1,202,865
Jan. 1 to Deo. 31___
62,503
74,420
799,588
18,544
621,830
27,493
Dunk. Allegh. V. A P.—
Memphis A Chas’n...D eo.
134,724
135.983
44,266
49,676
Oot. 1 to Deo. 3 1 ....
60,035
62,847
5,322 def.89,713 Mexican Central...... Deo.
756,447
718,914
316,810
261,070Jan, 1 to Deo. 3 1 ....
286,443
272,973 dof.47,233 def.46,328
8,426,025 7,981,768 2,966,350 2,845,587




THE CHRONICLE

844

— Net Earnings.—
— Brost JSamings.—
1894-5.
1893-4
1894-5.
1893-4
S
$
$
Hoads.
81,589
72.374
165,829
178,728
Mex. International..Nov.
620,209
734,733
1,839,175
1,876,135
Jan. 1 to Nov. 30---371,670
333,630 f 173,890 fl3 8,3 7 2
Mexican National....Nov.
Jan. 1 to Nov. 30___ 3,900,856 3,869,500 f l , 662,514 f 1,479,123
34,336
57,859
Mexican Northern....Deo.
346,414
64 ¿,262
Jan. 1 to Dec. 3 1 ....
44.105
56,765
132.552
135,465
Minn. & St. Louis.a..Deo.
657,738
716.386
Jan. 1 to Dec. 3 1 .... 1,777,361 1,785,264
395,226
455,201
925,556
994,047
July 1 to Deo. 31___
22,830 del. 3,667 def.5,078
20.796
Mobile & BiTm..........Aug.
41,053 del.11,466 def,17,335
37,657
July 1 to Aug. 3 1 ....
Monterey & Mex. Gulf—
Oot. 1 to Dec. 3 L ....
290,782
258,258
91,315
41.612
Jan. 1 to Deo. 3 1 .... 1,099.389
999,162
328,290
180,931
Nash.Ch. A 8 t.L .b ...J a n .
382,804
411,775
151,211
163.725
July 1 to Jan. 3 1 ... 2,755,173 2,681,898 1,150,232 l,lo6 ,6 2 2
1,910
2,844
def.260
330
Nevada Central.........Deo.
Jan. 1 to Deo. 3 1 ....
24,670
39,897
def.403
7,582
July 1 to Deo. 3 1 ....
11,453
15,445
def.974
2,189
New Jersey & New York—
._ 0
Oct. 1 to Deo. 3 1 ....
84,023
81,152
18,010
17,408
New Orl.&South.a .. Deo.
12,663
18,801
3,051
6,944
Jan. 1 to Dec. 31___
102,465
136,513
2,075
7»083
July 1 to Dec. 31___
54,001
72,468
3,806
9,327

-.Net Earnings.— —.
-Gross Earnings.1893.
la93.
1894.
1894.
$
Roads.
$
6,791
1,071
2,056
7,005
Sag. Valley & St. L ... Dec.
92,554
85.941
21,720
27,516
Jan. 1 to Dec. 31___
125,492
63,884
54.953
114,740
St. Louis Alt.&T.H...Deo.
632.300
592,161
Jan. 1 to Dec. 3 1 .... 1,339.951 1,553,974
767,964
350,102
334,709
722,871
Julr 1 to Deo. 3 1 ....
200.567
163.869
551,475
528,278
St. Louis Southw’ n...Dec.
825.192
Jan. 1 to Deo. 3 1 .... 4.849,355 5,008,856 1,058.011
617.086
933,731
July 1 to Deo. 31 .. . 2,879,853 2,645,641
93,872
9,102
17,196
86,663
St. Paul & Duluth.to..Deo.
458,205
441,083
Jan. 1 to Deo. 3 1 .... 1,442,186 1,713,759
285,385
308,171
886,309
815,102
July 1 to Dec. 31 ...
118,509
29,961
167,859
250,630
San Ant. & Aran. P..Deo.
624,386
372,240
Jan. 1 to Deo. 3 1 .... 1,946,751 1,881,551
1,354
44,001 def.2,917
39,661
San Fr.& N .Pao.a___Jan.
164,280
189,932
502.482
487,429
July 1 to Jan. 3 1 ....
443
6,109
42,513
45,075
Sav. Amer. A Mont...Deo.
50,961
65,508
492,499
469,394
Jan. 1 to Dec. 3 1 ....
|
27,109
57,458
230,065
261,439
July 1 to Deo. 31___
163,379
206,655
426,310
Sav. Fla. & West. .b..Deo.
397,781
Jan. 1 to Dec. 31___ 3,446,597 3,380.400 1,121,579 1,190,664
575,598
535,532
July 1 to Deo. 3 1 .... 1,856,685 1,753,209
Bilv. Sps. Ocala & Gulf—
5,583
11,652 def.2,452
8,949
Oot. 1 to Dec. 3 1 ....
36,757
39,107
95,674
129,876
Jan. 1 to Deo. 3 1 ....
2,012
1,051
5,034
5,076
Bilverton.................... Deo.

®* O rtfl^to D e a S u T .- l l ,318.229 11,827,912 3.939.271 3,778,582
Jan. 1 to Deo. 31....41,797,493 46,710,573 14,112,789 14,817,351
N‘ Yo S h'l&tot'DLe°oUi3lb “ .
Jan. 1 to Deo. 3 1 ....

1,660.561 1.825,191
5,629,239 6,787,748

446,274 457,899
1,150,698 1,491,211

* eWOo£r i to D le .1? ? ; “ . 1,561,756 1,392,741
649,730
314,615
J an . 1 to D e c . 3 1 ....
5,475,627 6,019,208 1,563,217 1,561,235
K Y L E . &West’n.C.Deo. 2,044,445 2,187,267 *500.675 *595,078
Jan. 1 to Deo. 31....21,529,773 29,418,045 '6,905,376 *9,477,693
Oct 1 to Deo. 3 1 .... 6,631,100 7,305,757 ►1,988,482 *2,366,225
N' YOot

Deot 3 ° l i r ,>7,142,664 6,205,875
J a n . 1to Deo. 31....26,466,840 26,424,668
N Y Ont & W est.a.. Deo.
262,838
268,920
Jan 1 to Dec. 3 1 .!.. 3,737 118 3,901,140
Jan. i to iJeo. a
1;d§Q;157 2,035,159
July 1 to Deo. 31..
N. Y. & Bock. Beach—
14,115
15,234
Oot. 1 to Deo. 3 1 ....
227,223
226,603
I Jan. 1 to Deo. 3 1 ....
36,799
36,872
Norfolk & South.......Deo.
436,285
438,281
- Jan. 1 to Deo. 31. ..
202,132
203,323
July 1 to Dec. 3 1 ....
794,911
871,671
Norfolk & W est.a....D eo.
Jan. 1 to Deo. 31__ 10,340,4o2 10,032,617
Northern A dirond ack26,811
18,388
Got. 1 to Deo. 8 1 ....
131,689
101,976
Jan. 1 to Deo. 3 1 ....
531,218
517,784
Northern Central.b..Deo.
Jan. 1 to Deo. 31— 6,031,261 6,881,806

2,231,458 1,567,223
8,6i7,946 7,364,154
58,845
58,2-2
1,084.>i81 1,013,216
620,288
644,986
def 37.733 def.23,069
21,320
def.1,295
15,648
14,515
156.828
143,122
73,640
69,643
187,826
191,054
2,646,547 2,833,157
10,552
4,678
44,704
18,833
167,292
111,888
1,797,144 2,118,650

Southern Pacific Co.—
73,386
170,557
370,711
430,494
Gal.H. & S.Ant.b..Nov.
958,946
Jan. 1 to Nov. 30.. 3,850,355 3,880,716 1,151,766
40,883
54.758
103,252
93,806
Louisiana West.b..Nov.
485Í772
419,757
895,593 1,016,723
Jan. 1 to Nov. 30..
294,962
290,009
747,988
M’gan’s La.& T.b...Nov., 723,349
Jan. 1 to Nov. 30.. 5,324,697 5,063,311 1,211,739 1,028,571
14,787
17,517
28,695
29,497
S.Y.Tex. & M ,,b...N ov.
89.455
98,248
241,651
239,827
Jan. 1 to Nov. 30..
64,088
62,770
154,464
.
155.991
Texas & N. O .-b.-.N ov.
733,424
566,339
Jan. 1 to Nóv. 30.. 1,417,689 1,626,935
505,828
592,704
Atlantio sys.. b .U . Nov., 1,491,936 1,432,106
|Jan. 1 to Nov. 30 — ,11,952,692 11,987,888 3,490,286 2,333,115
1,158,505
Pacific system.b...Nov.. 2,787,926 2,797,034 1,084,237
.28,842,257 32,378,852 10,642,992 12,892,879
'. 4,279,862 4,229,140 1,676,941 1,664,329
.40,794,949 44,366,740 14,133,278 16,225,994
370,683
So
319,943
830,579
. 805,215
. 8,353,575 9,910,940 3,175,549 4,345,148
72,858
75,830
181,763
. 203,525
685,126
672,999
Jan. 1 to Nov. 30... 1,914,285 1,875,445
30,061
31,653
80,459
83,290
So.Pao. of N. M.b...Nov.
327,692
134,489
848,163
870,278
Jan. 1 to Nov. 30..
586,082
600,472
). 1,668,803 1,641,474
.18.019,571 18,286,888 4,951,819 4,557,445
July 1 to Deo. 31.. . 8,746,140 8,215,213 3,099,865 2,563,349
Staten Island Rap. Tr.—b
57,557
68,733
204,849
175,148
Oct. 1 to Deo. 3 1 ....
352,811
404,734
Jan. 1 to Deo. 3 1 .-.. l,01s,904 1,024,882
def.26 4
216
1,615
1,542
Stony Cl. & C. M. .b. .Deo.
13,805
19,096
47,622
44,535
Jan. 1 to Deo. 31---17,684
17,178
32,782
31,642
July 1 to Dec. 3 1 ....
15,498
49,365
74,486
104,248
Summit Branch.........Jan.
12.251
30,766
65,883
84,778
Lykens Valley....... Jan.
27,749
80,131
140,369
189,026
Total both Co’s ......Jan.
Syracuse Gen. & Corn.—b
87,217
73,532
216,237
207,075
Oct. 1 to Dec. 31—
246,466
192,178
737,576
642,866
Jan. 1 to Deo. 3 1 ....
71,600
81,000
Tenn.Coal I. & B R ...D ec.
814,200
661,200
Jan. 1 to Deo. 3 1 ...»
748,200
590,000
Feb. 1 to Deo. 3 1 ....

” 0ISS S ,1PÄ ^ 1 . . . . 1 6 , 731,82=19,778,513 5,196,249 6,716,767
13,714
20,357
55,347
50,134
Ohio K iver.b ............ Deo.
3 LI,728
276,963
Jan. l to Deo. 3 1 ....
712,431
790,262
33,863
33,955
Ohio Southern........ ..Deo.
69,577
61,183
190,990
255,619
July 1 to Deo. 3 1 ....
448,709 346,124
21.544
21,893
Oregon Imp. C o..a...D eo.
277,196
280,977
723,926
697,811
J a m l to Deo. 3 i . . . . 3,751,255 3,877,748
Owensboro F. of B. & G.
1,752 def.2,664
B iv e r ...... .....--.••Dec.
3,557
4,507
16,002
31,318
Paoifio M ail... ......D e o .
325,269
302,056
422,251
507,741
May 1 to Dec. 3 1 ?... 2,630,999 2,625,681
Penn, (eastP.& E .)..D eo. 5,153,789 .5,302,845 1,548,918 1,715,155
Jan. 1 to Dec! 31___58,704,284 66,375,223 18,340,540 19,379,208
In o. 118,826
I n o . 70,602
JLdneswest P. & E.j.Deo.
Deo. 1,406,461
Dec.5,123,560
Jan. 1 to Deo. 3 1 ....
30,20©
24,800
73,200
77,800
Peoria Deo. & E v......Deo.
388,878
233,476
897,076
858,452
Jan. 1 to Dec. 3 1 ....
11,179
15,384
38,388
39,921
Petersburg................. Deo.
183,648
188,144
522,685
517,811
Jan. 1 to Dec. 31 —
85,989
109,458
228,777
243,225
July 1 to Deo. 31---31,901
43.660
303,667
279,854
Philadelphia & Erie..Deo.
1,554,996
1,022,583
5,104,880
Jan. 1 to Dec. 3 1 .... 3,965,197
780,227
604,861
Phila. & Beading......Deo. 1,551,928 1,752,512
^ J a n . 1 to Déc. 31....20,144,192 22,612,992 8,890,419 9,363,806
117,452
Coal & Iron Co...... Deo. 1,588,255 2,279,310 df.187,428
Jan. 1 to D eo. 31....21^545,809 25,160,832 df.36,328 1,232,901
417,433
897,679
4,031,822
. 3.140.183
.41,690,001 47,773,824 8,854,091 10,596,707
Pitts. Char. & Yough’ y.—
def.404
17,714
34,718
37,646
Oor. 1 to Dec. 3 1 ....
43,722
61,921
174,327
138,217
Jan. 1 to Deo. 3 1 ....
5
8,986
Ino.
¡
4,190
Inc.
Pitts. C. C. & St L ...J a n .
805
2,850
1,127 *
3.826
Pitts. Mar. & Ohio...Deo.
7,033
2,173
34,324
36,891
Jan. 1 to Dec. 31—
34,975
65,693
147,532
Pittsburg & Western .D< 1. 218,353
653.152
782,356
Jan. 1 to Dec. 31.. . 2,498,779 2,6 L3,625
504,378
377,889
July 1 to Dec. 31 . . .. 1,476,184 1,296,084
17,055
52,701
9,788
76,022
Pitts. Youngs. & A ...Jan ..
Prosp. Pk.& Coney Tsl.—
def.9,676
def.14,754
10,266
11,541
Oct. 1 to Deo. 8 1 ... .
16,005
156,439 def.1,195
140,544
Jan. 1 to Dec. 3 1 ... .
4,062
3,733
19,029
.
18.840
Quin. Om. & K. C .b..N ov.
58,355
58,698
249,703
Jan. 1 to Nov. 30— . 212,162
28,876
32,198
56,283
59,131
Bich. Fred. & P o t....D ec..
242,073
261,237
732,153
.
698.676
92,328
123,199
309,681
334,835
3,884
5,484
23,09 L
24,874
Rich. & Petersburg...Deo.,
81,711
74,909
335,311
Jan. 1 to Deo. 31---- . 32 9.882
38,269
27,443
150,014
161,883
July 1 to Deo. 3 1 ... .
14,847
19.833
29,131
36.256
Rio Grande South.b. .Deo,
207,920
192,293
466.737
380,026
Jan. 1 to Deo. 3 1 ...,.
76.522
118,376
168,394
.
219.325
July 1 to Deo. 3 1 ...
51.743
49.983
158,227
Bio Grande W est.b..D eci. 159.684
660,540
826,158
Jan. 1 to Deo. 3 1 ... . 2 103,650 2,253,973
459,195
395,432
1,142,959
.
1,145,292
July 1 to Dec. 3 1 ...
2,898
428
8,335
7,578
Bag. Tus.&Huron— DeoU
38,843
34,032
125,518
113,599
Jan, 1 to Deo. 3 1 ... .




[VO L. L X .

Texas Central—
63,548
113,786
163,135
227,987
July 1 to Deo. 31---72,661
116,633
283,814
316,902
Jan. 1 to Dec. 3 1 ....
Def.
581
1,978
5,670
4,337
Tex. Sab. V. & N. W .. Deo.
14,662
6,816
57,602
47,095
Jan. 1 to Deo. 31---16,909
29,862
83,171
103,381
Tol. A. A. & No. M ...D ec.
266,841 def.43,400
Jan. 1 to Deo. 31— . 1,038,354 1.036,230
36,375
31,616
133,161
132,280
Toledo & O. Cent.b...Dec.
657,513
619,921
Jan. 1 to Deo. 31— . 1,8* 6,203 1,952,092
342,275
420,788
984,831
July 1 to Deo. 3 1 .... 1,132,334
11,571
16,900
72,485
79,633
Tol.Peoria &W est.b.. Jan.
133,756
143.798
586,876
573,227
July 1 to Jan. 31—
7,942
2,609
28,495
27,456
Ulster & Delaw’e ...... Deo. ,
148,065
107,697
433.606
411,456
Jan. 1 to Deo. 3 1 ....
102,421
71,215
253,157
236,560
July 1 to Deo. 3 1 ....
Union P a cific474,710
291,882
Union Pac. B y..b..D eo., L,101,696 1,299,333
Jan. 1 to Dec. 3 1 .... 14i739,437 17,376,792 4,632,176 6,798,524
133,244
69,069
385,047
387,177
Oreg. S.L.&U.N.b..Deo.
Jan. 1 to Deo. 3 1 .... 5,046,683 5,861,635 1,372,976 2,299,489
40.442
13,878
104,731
58,662
St. Jos. & Gd. Isl.b..D ec.
337,912
190,613
786,983 1,005,639
Jan. 1 to Dec. 31---3,763
385
13,836
5.793
Kan. C. & O m ..b...D eo..
22,826
160,420 def.24,767
96,156
25,953
1,614
43,620
22,134
171,223
123,237
484,620
.
376,160
Atch. C. & Pao. > i- ü ec
3,479
29,734 def.1,149
21,866
At.Jew.C.&W. J D- Ue0,
16,422
9,294
486,879
Jan. 1 to Deo. 3 1 ...., 355,828
4,946
7,049
46,201
29,736
Montan a U nion. b.. Deo.
178,919
65,882
768,111
Jan. 1 to Deo. 3 1 ..... 365,843
587
4,232 def.1,152
3,031
Man. Alma &B.b. .Dec,
43,580 def.13,114 def.19,186
41,550
Jan. 1 to Deo. 3 1 ....
715,353
452,658
.713.874 2.076.623
.254,829 27,861,835 6,469,189 9,946,246
85,204
92,925
301,316
306,176
Un .P.D. & Gulf . b .. .No v.
567,746
537,492
Jan. 1 to Nov. 3 0 .... 1,599,212 3,316,906
55,637
91,634
154,665
184,694
Ft.Worth & D.C.b.Nov.
335,48 6
279,561
,192,112 1,378,077
Jan. 1 to Nov. 30---Vermont Valley—
21,035
2\431
43,131
50,756
Oot. 1 to Deo. 31---56,664
59,143
188, L06
188,255
Jan. 1 to Dec. 3 1 ....
Visalia & Tulare—b
551
1,388
2,996
3,023
Oct. 1 to Deo. 3 1 ....
2,542
2,827
13,449
9,585
Jan. 1 to Deo. 3 1 ....

THE CHRONICLE

F ebruary 23, 1895.]

------Gross Earnings.-----*,----- Net Earnings
1894.
1893.
------lt»93.
—
1984.
Roads.
$
$
$
Wabash, to..................Deo. 1.017,680
987,602
248,030
110.481
Jan. 1 to Dec. 3 1 ....U ,6 2 4 ,3 2 3 13,750,161 2,735,746 3,048,947
July 1 to Dec. 31___ 6,286,826 7,206,100 1,677,453 1,664,924
Wabash Chest. & W.—
20,565
25,067
Oet. 1 to Dec. 31___
7,724
6,955
Jan. 1 to Dec. 31___
81,066
95.782
25,393
20,759
Waco A Northw’n ..,.D eo.
38,634
18,756
21,472
8,491
Jan. 1 to Lee. 3 1 ....
292,174
232,280
159,860
102,980
Walkill Valley—
Oct. 1 to Deo. 3 1 ....
36,506
34,785
14,609
7,496
Jan. 1 to Dec. 31___
141,087
149,791
44.866
48,375
West Jersey & Brs...Dec.
105,795
106.280
def.941
7,530
Jan. 1 to Dec. 31___ 1,579,871 1,713,463
406,608
426.625
West Va. Cent. & P .. Jan.
69,662
71,799
23,840
25,405
July 1 to Jan. 31___
624,123
627,180
207,337
224.482
W. Virginia <&Pitts..Nov.
28,839
34,965
15,857
19,665
342,323
378,061
Jan. 1 to Nov. 30___
190,637
196,758
Western Maryland.. .Dec.
87,«02
78,416
24,093
18,791
Jan. 1 to Dec. 31___ 1,248,132 1,194,203
455,080
383.2)6
Oct. 1 to Dec. 3 1 ____ -304,996
264,267 . 104,487
70,709
West’n o f Alabama..Deo.
48,176
50.011
17,881
24,101
Jan. 1 to Dec. 3 1 __
533,605
497,191
153,325
131,308
July 1 to Dec. 31___
289,783
269,200
107,344
107.626
West.N.Y.&Penn. b .. Deo.
233.046
232,765
49,297
57,249
Jan. 1 to Deo. 31___ 3,105,940 3,494,008
961,954
992,133
July 1 to Dec. 31___ 1,789,548 1,695,509
632,516
466,107
Whltebr’st Fuel Co...Deo........................................
6,914
18,020
Jan. 1 to Deo. 31.........................
70.548
163,232
July 1 to Deo. 31.....
....... .
32,439
82,787
Wrightsv. & Tenn,...Dec.
6,108
6,481
2,058
2,612
Jan. 1 to Dec 31___
78,52-8
76,948
27,312
12,799
July 1 to Dec. 3 1 ....
42,385
39,732
16,028
10,816
a iset earnings here given are after deducting taxes,
to Net earnings here given are before deducting taxes,
c Net eamiDgs here given are after deducting taxes on property,
d Includes operation's of branch lines la both years,
f After deducting other expenditures for repairs, replacements and
general expenses, net iucome applicable to interest on bonds in Novem­
ber was *86.193, against *71,279 last year, and for eleven months to
November 30 *841,028, against *838,7^4 last year. This is the result in
Mexican dollars treated (according to the company’s method of keep­
ing its accounts) as equivalent to 80 cents in United 8tates money—
that is. all depreciation beyond 20 per cent has already been allowed
for. Adding earnings received from Federal Government total net
available for interest, in Mexican dollars worth 80 cents, for the eleven
months was *H6J,915, against *s38,744.
g Includes Current River and Kansas City Clinton & Springfield
roads
1 In clu d in g other income, net for January was *68,884 against
$73,846, and from July 1 to January 31 *355,865 against *415,337.
j Does not include Grand Rapids & Indiana and Vandalia systems
formerly included in the monthly statements.
1x The charges for Juterest and rentals for the year to date show a
decrease of *262,979 from the corresponding period of last year.
* After deducting proportion due roads operated on a percentage
bads and results of operations of auxiliary companies, net ia Deo.,
1894, was *261,739, against *382,794 in 1893, and for three months
from Oct. 1 to Dec. 31. *1,253,869, against *l ,735,159.
t Includes only one-half of lines in which Union Paoiflo has a part
interest. Figures are given exclusive of results on Oregon Railway &
Navigation, Union Pacific Denver & Gulf, Fort Worth & Denver City
and Leavenworth Topeka & Southwestern.
||Including income from ferries, &o.
&July mileage was 2,011*57 miles and included Richmond <fe Dan­
ville proper. August mileage was 3,731*13 miles and included Rich­
mond At Danville, Charlotie Col. & Augusta, Columbia & Green­
ville and East Xenn. Va. & Ga., but not Louisville Southern and
Georgia Pacific. In September and subsequent months mileage was
4,404*7 miles and included all lines.

interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, &c., with the surplus or deficit
above or below those charges,
Roads.

-Intent, rentals, die.— r-Bal. o f Net Earns.—
1894.
1893.
1894.
1893.
$

345
ANNUAL REPORTS.

Chicago & Alton Railroad.
( Report for year endinq Dec. 81, 1894. J
The remarks of Mr. Blackstone, the President, are given in
full on subsequent pages o f this issue of the C h r o n ic l e .
The statistics of traffic, earnings and income, and the bal­
ance sheet, have been compiled for the C h r o n ic l e as follow «
OPERATIONS AND FISCAL RESULTS.

1894.
1893.
1892.
843
843
843
Miles operated........
Operations—
Passengers carried.
1,979,933 2,181,747 2,228,572
Passenger mileage.. 98,610.29* 157,984,435 132.036,^17
Rate p. pass p. mile
2*073 1*836 ets. 1*780 ets.
Freight (tons) mov’d
2,774,228 3,128,533 3,516,151
Freight (tons) mil’e.423,166,852 483.20-.508 555,230,873
Av. rate p. ton p. m. 0*917 ots. 0*884 ots.
0*898 ets.
Earnings—
$
Passengers............... 2,043,912
2,9n0,820
2,351,242
Freight..................... 3,8*1,544
4,273,117
4,983.596
Mail/ express, &o.. . .
366,780
392,702
395,772

1891.
843
1,952 465
112 463^60
1*962 ots
3 501327
547’ 472’046
0 913 ets.
2,206,842
4,998,115
385,924

Tot. gross earns.
Expenses—
Maintenance of way
Maintenance of oars
Motive pow er..........
Transportation exp.

6,292,236

7,566,639

7,730,610

7,590.881

699,305
260,449
1,137,398
1,531,536

1,113,367
396,970
1,436,304
1,709,243

1,221,574
427.733
1,366,217
l,7a2,275

861,101
513,-31
1,424.772
1,659,046

Tot. (ine. taxes).
Net earnings............
P.o. of op.ex.to earn.

3,628.688
2,663,518
57*66

4,655,889
2,910,750
61*53

4,807,799
2,922,811
62*19

4,458,750
3,132.131
58*73

* INCOME ACCOUNT.

1894«
Receipts—
$
Net earn ings....... 2,663,548
Other teeeipts___
273,019
Prem.on b’ds & stock 344,779

1893.
$
2,910,750
305,336
131

1892.
$
2,922,811
272,866
305,917

1891.
$
3,132,131
272,567

Total................ 3,281,346
Disbursements—
Rentals paid........
632,987
Additional property
26,218
I nterest on debt...
527,504
D ividends............. 1,729.424
Miscellaneous____
168,227

3,216,217

3,501,594

3,404,698

653,892
217,833
632,037
1,582,386
57,342

674,053
238.841
804,108
1,407,560
169,986

674,722
200,220
810,387
1,407,560
88,742

Tot. dish’rsem’ts 3,084,360
Balance, surplus..
196,986

3,143,490
72,727

3,294,548
207,046

3,181,631
223,067

BALANCE SHEET DECEMBER 3 1 .

1894.

Assets—
$
Road and equipment............. 34,153,927
Bonds and stocks o w n e d ..... 4,235,183
Lands owned..... ......................
70,000
Materials and supplies............
282,125
S in k iu g f u n d ................................

2 5 3 ,4 7 6

Bills receivable.......................
.........
Due from agents, individuals, &o., 331,180
Cash..........................................
321,420
Kan. C. 8t. L. & Ch. RR. con’ n
9,8 48
Illinois Trust & Sav. B ’k, trustee
1,500
Total assets....................... 39.658,659
Liabilities—
Common stock......................... 18,751,637
Preferred stook....................... 3,479,500
Joliet & Chicago stock, guar.. 1 ,5 0 0 ,0 0 0
Mississippi Bridge Co. stock,guar. 3 0 0 ,u 0 0
Lou. & Mo. R. R R. stock,guar.
3 2 9 ,0 0 0
Bonded debt (see S u p p l e m e n t ) 9 ,1 1 0 ,8 5 0
Bonds cancelled.....................
2,513,903
Vouchers, accounts payable,J&o. 371,871
Due other companies, <&o.......
81,832
Rentals a ccru e d ......................
90,225
Income account....................... 3,123,340
Miscellaneous..........................
1,500

1893.
$
32.178,927
3,891,636
70,000
339,018
144,871
34,740
354,449
1,020,275
17,200
1,500

1892.
$
32,178,927
3,903,636
75,000
389,042
70,378

38,052,616

38,056,369

16,301,062
3,479,500
l,5u0,000
300,000

16,300,125
3,479,500
1,500,000
300,000

10,438,850
2,339.100
541,556
118,156
106,540
2,926,351
1,500

10,502,850
2,275,100
545,902
189,625
108,144
2,853,622
1,500

3 2 ,7 4 0

393,794
1,011,352
1,500

10,822
Camden & A t l.........Deo.
1 1 ,8 9 8 d e f.3 1 ,5 9 2 d e f.1 2 ,7 0 1
Jan. 1 to Deo. 3 1 ....
151,173
1 3 7 ,0 8 4
------ -----------------------97,637
55,275
38,052,616
38,056,369
Total liabilities................ 39,658,659
Ohio.Burl. & Quinoy..Deo.
800,000
8 2 2 ,8 8 1
263,943
359,064
Jan. 1 to Dee. 31___ 9,600,000 9 ,8 7 4 ,5 7 1 2,800,571 3,979,723
Northern Central Railway.
Ohio. & West Mi oh... Deo.
40,067
36,661 def. 18,409
4,670
Jan. 1 to Dec. 31___
400,497
396,393 def.81,739
2,174
( Report fo r the year ending Dec. 81,1894,J
Olev. Cin. Ch. & St. L. .Deo. 243,578
236,388
85,446
42,650
The report of President Roberts for the year 1894 is given at
July 1 to Deo. 31___ 1,422,191 1,363,661
354,434
409, S50 length on subsequent pages.
Peoria & Eastern...Deo.
36,802
36,802
559 def.22.836
The comparative statistics for four years have been compiled
July 1 to Deo. 3 1 ....
220,810
849 def.8 5,403
220,810
Denver & Rio Gr’de...Deo.
194,648
202,160
52,605
34,846 for the C h r o n ic l e as follows :
July 1 to Dec. 3 1 .... 1,206,990 1,214,660
OPERATIONS AND FISCAL RESULTS.
396,157
146,863
Det. Lans. & Nor...... Dee.
37,130
39,061 def.25,459 def.25,493
1894.
1 89 3 .
1892.
1891.
Jan. 1 to Deo. 3 1 ....
366,280
328,037 df.166,111 def.93,731 Road operated . . .
377
377
377
377
Operations—
Flint & Pere Marq... Nov.
48,245
5 1 ,5 9 1
826 def. 12,823
Jan. 1 to Nov. 3 0 ....
564,256
5 5 6 ,7 4 9
4,631,969
5,062,444
37,060
66,182 Pass oarried, No....... 4,129,905
4,629,044
carried 1 mile. 51,692,311 61,629,942 64,78*),288 56,429,617
Kan. C.Ft.S. & M.i..Deo.
114,939
1 2 6 ,5 5 3
11,210
52,394 Pass,
p. pass. p. mile. 2*181 ets.
2*114 ets.
id*034 ets. 2*170 ots.
July 1 to Deo. 31___
671,118
6 8 8 ,8 3 1
93,472
61,887 Rate
Fre’ t (tons) carried.. 12,008,949 13,296.212 18,191,780 16,393,043
Kan. C. Mem. & Bir..Deo.
11,229
3 9 ,9 7 1
28,842
942 Fre’ t (tons) one mile.746,- 28,510 857,'194.188 929;88d! L42 844,517,438
July 1 to Dee. 3 1 ....
67,373
2 3 5 ,5 0 6
49,456 df. 112,527 Rare p. ton p. m ile.. 0*602 ots. 0*605 ets.
0*592 ots.
0*621 ots.
Earnings—
$
*
Lake Erie & West’ n..D eo.
59,091
5 4 ,8 3 9
92,130
69,988
*
$
Jan. 1 to Deo. 31___
682,933
Passengers...............
1,127,656
1,3<'2,879
6 5 0 ,4 b 9
1,317,487
796,569
813,409
1,219,039
Freight
....................
4,489,463
5,188,637
5,500,799
5,182,761
Nashv. Chat & 8t.L .. Jan.
125,734
1 2 2 ,9 2 6
25,477
40,799
414,141
390,290
373,004
418,763
July 1 to Jan. 3 1 ....
889,063
8 5 6 ,5 3 0
261,169
300,092 Mail, exp. & misoell.
Bag. Valley & St. L,..Deo.
3,557
3 ,5 5 "
def. 2,486 def.1,501 Gross ea rn in gs...... 6,031,260
6,881,806
7,191,290
6,820,568
Jan. 1 to Deo. 3 1 ....
42,630
42,680 def.20,960 def.10,164
St. Louis Alt.& T.H.Deo.
*34,435
1,872.821
1 ,9 0 5 ,9 5 1
1 ,3 3 8 ,0 5 2 •
*38,670
20,518
25,214 Transportation....... 1,685,966
1,290,087 1,462,717
Jan. 1 to Dec. 3 1 .... *413,927 *475,503
1,586,290
178,234
156,797 Motive power . . . . . .
1 ,4 4 7 ,9 6 8
548,410
653,056
July 1 to Deo. 31---- *216,754 *235,560
764,346
6 7 2 ,3 7 5
133,348
99,149 Maint, of oars..........
of w ay..........
622,677
6-6,854
770,560
8 8 1 ,6 3 8
Ban Fran.&No.Pac... Jan.
17,234
17,342 def.20,151 def.15,983 Maint,
G
eneral..................
86,976
87,709
8
5
,2
1
4
7 7 ,1 8 8
July 1 to Jan. 31___
120,633
1 2 1 ,3 9 4
6 9 ,2 9 9
42 836
Tenn. Goal I. & RR..Deo.
59,700
6 0 ,3 0 0
2 1 ,3 0 0
11,300
Total oper. e xp. 4,234,116
4,763,156
5,112,360 4,917,222
Feb. 1 to Dec. 3 1 ....
656,700
6 6 3 ,3 0 0 d ef. 6 d,7 00
84,900
Net earnings......... 1,797,144
2,118,650
2.078.930
1 .9 0 3 .3 4 6
Toledo & Obio Cent..Deo.
34,395
3 2 ,3 0 6 td e f.2 ,7 4 3
t4,107
INCOME ACCOUNT.
July 1 to Deo. 31___
201,570
U75.322
1 6 7 ,8 1 4
t 2 2 l,6 l9
1892.
1894.
1893.
1891.
West Jersey & Brs...D eo.
13,077
1 4 ,7 4 5 d e f.1 4 ,0 1 8
def.7,215
Receipts—
*
*
$
$
243,379
Jan. 1 to Dec. 31___
176,695 Net
2 4 9 ,9 3 0
1 6 3 ,2 2 9
earnings...........
1,797,144
2,118,650
2.078.930
1 .9 0 3 .3 4 6
’ J Includes C. R. and K. C. C. & S.
Other reoeipts.........
386,335
496,979
333,386
3 7 7 ,1 8 1
t After allowing for other income reoeived.
* This represents taxes and rentals.
Total in com e,... 2,183,479
2,615,629
2, ¿12,316 1.2,280,527




THE CHRONICLE,

346

Miscellaneous. . . . . . .

1894.
$
485,756
850,921
526,267
(7)
210,340

1893.
$
500,253
859,561
601,446
(8)
94,174

1892.
$
4*2.140
869,698
601,444
(8)
129,341

1891,
$
440,461
914,001
526,263
(7)
229,558

Tot.disbur sem’ts..
Balanoe, surplus —

2,073,784
109,695

2,055,434
560,195

2,042,6 ¿3
370,193

2,110,283
170,244

Disbursements—
Rent. lV d lines, &e.*
Interest on d eb tt....

Rate o f dividend—

* includes rent of roads and interest on their equipment,
t includes oar trusts.
BALANCE SHEET DECEMBER 31.
1892.
1893.
1894.
$
$
Ait/tp.fji—
e
20,177,073
20.477,923
Oost of road, equipment, &o........ 20,62 2,923
3,827,228
3,589,228
Bonds and stocks owned...............
414,507
40 =>,222
M a t e r ia l s and supplies
..........
317,119
588,040
1,116,358
Due from agents, conn, roads, Ac.
803,97b
698,846
396,098
0 aBb ......................
1,507,652
277,814
277,8 L4
Depreciation fund......
806,821
9,752
9,752
Miscellaneous..............
9,70^
Total assets...............................26,422,944 26,272,395 25,993,260
Liabilities—
7,518,150 7,518,150
Capital stock.................. - ................
Bonds (see S u p p l e m e n t ) ...............14,165,000 14,150,000 14,286,000
319,829
3 9,829
Mortgages and ground rents........
¿19,830
394,026
388,641
Interest and rentals accrued........
385,597
554,839
423,393
Vouchers and pay-rolls.................
525,297
375,902
300,724
Dividends.........................................
300,<24
292,948
308,699
Depreciation fund..........................
o26,i99
969,674
1,234,682
Other liabilities...............................
1,281,890
1,628,277
Profit and loss...............- .............. 1,734,7«>3
Total liabilities

[V ol. LX.

see no cause for changing our estimates of the amount of money winch
will ultimitely be needed to put the road into such condition s will
enable it to compete successfully with its rival lines. [The table pre­
viously published is submitted, showing the amounts the receivers be­
lieve should be expended on road and equipment. On road and struc­
tures the total reaches *99 4,760 and on equipment $263,40 » in exoess
of amounts chargeable to maintenance. These expenditures, the
receivers recommend, be made during the next ten years, a part eaoh
year.]
The prospects for better business during the y e a -1895 are not en­
couraging, thougn it is hoped *nd believed that such baneful influ­
ences as labor and coal strikes are not to be anticipated again in tbs'
near future. The failure of the corn crop will oontinue to reduce
freight earnings till another crop has been produced.

The earnings, expenses and fixed charges for the period
from Jan. 4,1894, to Jan. 1, 1895, in comparison with 1893,
have been as follows :
1894.
$919,000
371,294
40,823
31,008
16,602

1893.
$1,116,926
439,517
40,250
31,003
20,403

$1,378,728
12,400
Rent’l V.&O. Belt to E. St.Louis, oona’ ot’gR 'y*

$1,618,104
18,000

.$1,391,128

$1,666,104

$235,016
162,986
514,529
91,006

$173,640
162,035
662,125
88,025

$1,055.537
100,475

$1,035,825
108,624

$1,156,012
$235,115

$1,194,450
$471,655

Darnings—
Mail..................
Express . . . . . .
M iscella n eou s.

Operating expenses—

General expanses.
.

26,422,944 26,272,395 25,993,260

Lehigh Coal & Navigation Company.
( Report fo r year ending Dec. SI, 1894J
President C. Pardee in his annual report says :
“ The revenue from all sources for the year 1894 was
$1,838,782; there were paid for general expenses, rentals,
taxes and interest, $1,202,825, leaving a surplus of $635,907.
Two dividends, one of 2 ^ per cent and one of 2 per cent;, on
the capital stock were paid, amounting to $615,599, leaving a
balance of $9,692, which was charged to profit and loss. The
usual sinking fund charge of 10 cents per ton on 992,655 tons
of coal mined, amounting to $99,265, has been charged direct
to profit and loss.” * * *
_
‘ ‘The net earnings from coal were $273,098 and the produc­
tion from the company’s property was 1,386,482 tons in 1894,
or 58,859 tons less than in 1893, though there was a gratifying
increase of 17‘8 per cent in the average daily product of its
collieries the past year over the previous year, the daily aver­
age having been in 1893 6,051 tons and in 1894 7,129‘18 ^tons.
The decrease in product for 1894 was due to high water in the
mines, a fire at No. 11 (promptly extinguisned), scarcity of
cars and to a lessened demand for coal. The mines are in
good condition and capable of a larger production this year
than last.” * * “ The company’s finances are in good shape
and the gold loan falling due September 1st, 1894, which
amounted January 1st, 1894, to $617,500, assumed by the
Lehigh & Wilkesbarre Coal Company in its purchase of this
company’s W yom i dg Valley coal lands in 1873, was paid off
at maturity.”
Receipts and disbursements for four years have been as
follow s:
1892.
1891.
1893.
1894.
$
$
$
Receipts—
$
1,745,474
1,835,754
1,814,887
From railroads............... 1,485,515
31,344
38,161
16,987
C an als.............................loss 16,927
158,837
343,077
489,847
Lehigh coal lands............
273,099
104,817
96,8u8
79,946
Miscellaneous..................
97,045
1,838,732 2,401,667 2,224,711
Disbursements—
Interest account...

826,197
376,627

833,600
397,031

852,463
377,604

2,129,560
815,326
331,897

Total disbursements. 1,202,824 1,230,631 1,230.067 1,147,223
994.644
982,337
635,908 1,171,036
Balance of earnings.......
715,150
769,065
860,799
645,599
D ivid end s.......................
(5 p. o.)
(5*2 p. C )
(6 p. 0.)
(4*s p. o.)
def.9,691 sr,310,237 sr.205,579 sr.267,187
—Vol. 59, p. 1058.

Deduct—
Interest on floating debt...........................

$263,337
7,406
88,025

$263,337
25,5 *>3
70,349
68,933187,759*

$358,769
$123,654

$615,933
$144,278

Iat. L. E* &’ 31 L." gen", mort., 4 per cent.
Int. L. E. & 8t. L. consol. 5 p. 0...............

— V . 59, p. 1141.

St. Loáis Vandalia & Terre Haute Railroad.
( Report fo r the year ending Oct. SI, 1894. J
Operations, earnings, <fcc., for four years have been :
OPERATIONS AND FISCAL RE SU LTS-LESSEE’ S REPORT.

1890-91*
1891-92.
1892-93.
1893-94.
158
153
158
158
Miles operated,
Operations—
398,582.
430,001
449,018
Passengers carried..
359,011
Passenger mileage.. 16,569,215 21,783,494 20,185,004 18,061,505
Av. rate p.pass. p.m. 2*332 ots. 2*237 ots. 2*2^3 cts. 2*390 ots.
1,438.191
1,528,672
Prole*c (tons) moved 1,248,035
---- . . . . . . . 1,579,465
Freig’ t (tons)mirge.ll9,448,624 130,402,067 181,431,311121,34s,148
Av.rate p.ton p.mlle 0*842 ots. 0*871 cts. 0'886 ots.
0*9*>8 ots.
Earnings—
$
® —
451,193
454,674
Passenger.................
386,441
1,102.095
1,165,124
Freight..................... 1,006,319
1,135,814
253,022
250,198
256,358
250,824
Mall, express, A o...
Total gross earns.
Operating expenses.

1,649,113
1,274,675

1,884,745
1,347,794

1,869,996
1,271,400

1,808,310
1,201,387

Vet earnings........

374,433

586,951

598,596

604,925

INCOME ACCOUNT OF ST. LOUIS VAN. A TERRE H. 0 0 .

Receipts—
Rental. 30p. o. earns.
Other reoelpts..........
Total.................
Disbursements—
Interest on debt...,
Taxes............. . . . . .
General, Ao..........

1893-94.

1892-93.

1891-92.

1800-91.

494,735

685,424

560,999
26,948

542,493
14,052

494,735

686,424

587,947

556,545

314,930
62,455
23,198

314,930
59,217
30,411

314,930
55,964
8,819

814,930
43,459*
2,241

865,630
379,713
413,558
400,583
Tot. disbursem’s.
190,915
1208,234
151,886
*94,152
Balanoe, surplus.. . .
*The profit to lessee was as follows: 1890-91, $82,430; 1891-92,
E37 B98* loss in 1892-93, $28.472; 1893-94. *120,292.
t T h e s u r p l u s to Oot. 3 i; 1892, was $739,6 >0, from whloh Is to be
deduoted *432,516 paid on aooount of aooumulated dividends, leaving

3io o u m S a l?d s u rp lifo o ‘t. 31,1898,
Louisville Evansville & St. Louis Consolidated Railroad. W®
for 1893-94, $94,152; total, *553,152; deduot dividend No. 8 for year

(R eport f o r period Jan. 5,1894, to Jan. 1,1895.)
1885, $108,291; sarplus Oot. 31, 1894, *446,023.
GENERAL AOOOUNT OOT. 31,1894.
The report of the receivers contains with much other valu­
Or.
able matter the follow in g:
Common stock............ ..$2,379,858'
In comparison with the year 1393 there was a decrease in gross earn­
ings of $274,976, equal to 16*50 per cent, and an increase of 11*40 per
cent in ratio of operating expenses to earnings ; with a deorease in net
earnings of $236,53». The relative increase of operating expenses
and the consea ient decrease of net earniaffs are due largely to the
extraordinary repairs of the roadway, bridges, buildings and rolling
stock, amounting to $112,327. In 1893 and prior thereto, the current
repairs of roadway and structures were so neglected that the restora­
tion of the track alone required an inorease of 60*42 per cent under
receivers. The coal strike, beginning the first of May and extending
throughout sixty days, closed every mine along the road for this
period, outting off the entire revenue from this source, the tonnage of
which constituted 52*31 per oent of the total tons hauled for the fiscal
year ending 1893. The Debs labor revolt, beginning Julv 3 and ending
Julv 12, brought the traffic practically to a standstill for that time.
The earnings of the receivers have been largely expended towards
discharging current accounts incurred prior to the receivership, and
eonseauently their own ourrent obligations have been correspondingly
increased. Additions weremade to capital aooount during the year to
the amount of $14 ¡,917, of which $97,954 was for equipment. The
total net current obligations Jan. 1,1895, were $1,000,728, including
engine and car trust notes extending throughout some seven years,
$229 012*
We’ have limited our expenditures during the year to such renewals
and new construction only as were found to be absolutely necessary, but




Road and equipm ent...$8,672,218
T. H. A Ind. RR. C o ....
Penn. Company............
31,515
Cash for Interest...........
98,525
400 freight oars . . . . . . . .
109,62/

T ota l...— -.-

..$9,119,533

Preferred stock............. 1,544,700
First mort, bonds.. . . . . . 1,899,000
Seoond mort, bond s---- 2,600,000
Coupons past d u e ........
'7,526Int. due Nov. 1,1894 ..
Int. accrued on bonds..
44,810Liability for frt. oars....
108,622*
Inoome aooount............
445,o / z
Total......................... $9,119,688

-V. 60, p. 84.
Huntingdon & Broad Top Mountain Railroad &
Goal Company.
(R eport fo r the year ending Dec. SI, 1894.)
The report of President Spencer M. Janney says: There
were moved in 1894 2,391,276 tons of height, a decrease o f
291,329 tons. Of this loss 189,459 tons were in coal alone, the
balance being mostly in traffic kindred to coal or more or lesa
dependent on conditions that affected this loss in the tonnage.

347

THE CHRONICLE

F e b r u a r y 23, 1896.]

This is accounted for largely by a strike of nearly two months’
duration by the miners in the entire Broad Top region, as
well as in the Cumberland and West Virginia regions, which
resulted in a loss of probably 300,000 to 350,000 tons of coal traffic
alone, and while part of this was made up by the very large
movement of coal during the last six months o f the year, yet
it prevented what might have been the largest coal shipments
for one year in the history of the company. I he net earnings
for the entire year show a falling off of only $58,793, the
last six months of 1894 having been nearly, if not quite, as
profitable as any like time heretofore. An arrangement has
been made for the extension of the maturing bonds, amount­
ing to $1,862,500, at the rate of 4 per cent per annum. The
total annual interest charges will therefore be $106,190.
Results for four years have been as follows :

The statement of profits for the year 1894 show s: Amount
to credit of coal accouat, Dec. 31, 1894, $993,848; coal oa hand
at cost, $4,914; total, $1,001,762. Payments: Freight, min­
ing, office and shipping expenses, $393,821; imDrovements at
mines, $15,929; taxes, $7,179; interest on first mortgage bonds,
$5,237; total deductions, $934,166. Balance, net profit, $77,596.
Appropriated for dividends on preferred stock as follows: 1
per cent paid July, 1894, $18,837; 8 ^ per cent paid January,
1895, $47,095. Carried to profit and loss account, $11,664.
The balance sheet Jan. 1, 1895, was as follows :
GENERAL BALANCB SHEET JAN. 1, 1895.

1894.
$
General freights....................527.H20
Passengers........ . . .........
U. 8 M a ll.............................
4.73?
Adams Express.....................
4,001
Miscellaneous.......................
2,437

1893.
$
4,385
5,106
3,105

1892.
$
612,006
54,763
3,993
4,868
1.867

T o t a l .............................. 580,718
E xpenses................
267,939

703,607
834,188

678,122
312,410

Or.
Real estât* ................. $2,000,000
Improv’ts and personal
property............
97,717
George’s Greek and
Cumberl’d RR stock.
105,000
Deposit Farmer’ Loan
1891.
& Trust Oo........
43,109
$
receivable..........
535
627.591 Bills
on hand
......
4,914
50,133 Coal
Accounts
payable.........
108,729
3,998 Cash in bank!......
5,704
4,470
1,861
Total.........................$2,365,703
-Vol. 58, p. 306.
68* ,058
324,094
Detroit Lansing &

Net earnings....................... 312,7 9

369,419

365,712

363.964

1894.
Receipts —
$
Net earnings...........................312.779
Other net reoeipts................
1,032

1893.

~
369,419
3,184

1892.
$
365.712
4,526

1891.
$
363.964
2,332

Total............................... 313,811
Deduct—
Interest on bonds...................117,635
D ivid end s............................ 207,t>78

372, €03

370,238

366,296

117,568
205,142

117.253
193,916

116,358
164.992

RECEIPTS AND EXPENSES.

INCOME ACCOUNT,

Total............................ 325,313
325,710
311,169
281,350
Balance....................... def.11,502 sur.46,893 sur.59,069 sur.84,946
GENERAL BALANCE SHEET DEC. 31, 1894.
Or.
Dr.
Constrnot’n an d eqn i p.. $5,926,881 Stock, preferred...$2,000,000
Trustee Oar Trust oars.
516,700 Stock, capital....... 1,»71,750
Book accounts...............
37,205 Bonds (see S tP P L ’T .) . .. 2,280,500
30,000
Rea) estate................
63,519 BiUs payable........
575,896
12,5( 9 < ar Trust cars......
General supplies..........
12,045
Cumberland Mine........
26,982 pay-rolls............. . ...... . .
13,745
Balance with Treasurer
120,735 Voucbers..............
Miscellaneous......
18,149
Profit and loss......
404,536
Total.......................... $6,706,622

Total........................... $6,706,622
—Vol. 60, p. 177.

Philadelphia Wilmington & Baltimore Railroad.

Dr.
Capital stock—common
$11,100
Prefer’ d 1,885,005
Treasury
103.895
First mortgage boods..
72,000
70
Unpaid ooupons............
Accounts payable.........
30,719
Dividend payable Jan.
47,095
7, 1895 .......................
Royalty account...........
210,000
Profit and loss aco’ nt...
5,824
$2,305,708

Total........

Northern Railroad.

( Report for the year ending Dec. 81,1894.)
The results for three years have been as follows:
Gross earnings.....................
Operating expenses.......... .
Expen’s per cent of earn’ gs.

$1,098,723
898,554
(81-78)

1893
$1,205,093
970,786
(80-56)

1892
$1,265,572
924,070
(73-02)

Net earnings...................
Miscellaneous Interest paid..
Miscellaneous int. received..

$200,169
5,058

$234,306
7,747

$341,501

$195,111

$226,558

$341,807

Interest on company’s and
leased lines oo’s bonds.......

*361,222

320,289

315,215

Deficit for year.....................
Defloit in operation of 8. V.
& St. Louis RR. for year..

$166,111

$93,731

snr.$26,592

20,959

13,559

16,907

Total deficit.....................

$187,070

$107,290

sur.$9,635

306

♦Includes $4«,322 for Detroit Terminals, in previous years inoluded in
operating expenses.
—V. 59, p. 1103.
SAGINAW VALLEY & ST. LOUIS RAILROAD.
(Report fo r the year ending December 31,1894.)
1893.
1894.
$92,554
Gross earnings .....................................
$85,941
65,037
Operating expenses................................................. 64,220
(70-27)
Expenses per cent of earnings................................. (74-73)

fR eport fo r the year ending Oct. 31, 1894.)
Net earnings....................................................... ..$21,720
This road is leased to the Pennsylvania Railroad and its
Miscellaneous income.................................
operations have been as follows :

$27,516
1,604

$21,720
Bond interest and rents............................................ 42,680

$29,120
42,680

EARNINGS AND EXPENSES.

1891-92. 1890-91.
1Ö98-94.
1892-93.
$
$
Earnings—
$
$
Freight. ............................. 3,801,208 4,499,916 4,024,713 3,252,069
Passenger........................... 4,08< ,159 4,482,712 4,589,716 3,316,310
«26,619
823,373
885,373
Miscellaneous.................... 814,591
9,4 37,802
Expenses
Transportation.................... 2,772,093 3.067,736 3,053,148
Motive pow er.................... 1,87<',681 2,113,076 2,00c ,758
520,558
Maiotei.ance of cars........... 465,508 579,376
Maintenance of w ay.......... 1,136,534 1,345,020 1,579,994
111,727
G e n e r a l............... .
104,515
109,385

7,194,998
2,167,456
1,363,680
549,770
1,132,4 91
79,724

Total expenses.......... 6,349,332 7,214,592 7,275,175 5,293,122
Net e a rn in g s......... ......2,346,626 2,653,409 2,162,6279 1,901,876

Chicago & West Michigan Railway.
(R eport fo r year ending Dec. 31,1894.)
Results of operations for three years have been as follows;

Total.............................. 2,767,564 3,059,403 2,445,820 2,161,469
Deduct—
236,063
254,560
249,973
Interest on bonds............... 255,200
Interest on car trusts and
55,108
67,159
101,668
ground rents...................
89,973
615,110
854,805
Rentals. ............................ 1,157,162 1,179,712
132,471
134,768
86.219
Extraordinary expe ses..
36,102
H 1,736
101,345
l i t , 190
Taxes and miscellaneous. 111,399
827,354
827,354
886,451
Dividends.......... . ............... 768,258

,$1,596,518
. 1,277,760

1893.
481
$1,892,710
1,494,143

1892.
489
$2,032,540
1,505,385

. $318,758
6,923

$398,567
3,903

$527,155
5,292

. $311,835
.
393,574

$394,664
392,490

$521,863
305,632

1894.
Mileage.

Mis. interest paid.

INCOME ACCOUNT.

1890-91.
1891-92.
1892-93.
1893-94.
$
$
$
$
Net earnings...................... 2,346,626 2,653.409 2,162,627 1,901,876
259,593
283,193
405,994
Other income.......... . .
420,938

$13,559

Deficit for year............................................. .....$ 2 0 ,9 5 9

def.$31,739

sur.$2,174 sur.$213,231
211,296

.def.$81,739

sur.$2,174

Dividends

sur.$l,935

- V. 59, p. 737.

New Central Coal Company of Maryland.

( Report f o r the year ending December 31,1894.)
The coal mined in 1891 was 206,813 tons; in 1892, 201,428 tons;
in 1893, 223,503 tons, and in 1894, 151,002 tons. The decreased
production in 1804 was largely due to the miners’ strike from
May 9 to July 1, during which time the mines were idle.
Total..............................2,418,093 2,615,213 2,239,991 1,967,842
1894.
1893.

Surplus....................

349,471

193,627 Balance to credit of coal aooount Deo. 31....$340,555
205,829
$535,388
31, 1894.
Value of coal on hand...............................
6,476
10,553
Liabilities.
Total................................................................$347^031
$545,941
Capital stock........ ..$11,819,350
505,597
Bonds (see S u p p l e m ’ t ) 5,730,000 Ded. R R . fregts.,mining, offloe&shippingex. 329,694
Morts. & ground rents
163,"65
Net
earnings
for
the
y
e
a
r
......................
$17,337
$40,344
Pay-rol s & vouchers..
634,357
Int. matured, uncoil’d.
21,440
Balance to credit of profit and loss account December 30,
D ivid en d s.,.. ............
415,589 1893, $188,266; deduct amount of dividend paid January 24,
Int.& div. due Del. RR.
62,700
Sinking funds........ .
584,000 1894, $50,000; amount charged to personal property account
Profit and loss............. 2,112,219 and mine improvement account, $5,148; amount charged to
444,190

GENERAL BALANCE SHE!

Road and equipm’ t ... $>15,056,276
362,914
Real estate..................
Bonds & stocks owned 3,894,681
Due fr<>m other com­
panies (traffic)........
103,079
Due from other com­
panies (other accts.)
448,260
Materials on h an d....
295,724
Sinking funds..............
584,000
Cash ..............
798,484
Total assets..............$21,543,419
—Vol. 60, p. 131.

Total liabilities........$21,543,419

Marj land Coal Company.

('Report fo r the year ending Dec. SI, 1894.)
This company had to contend with adverse general condi
tions during the past year and had also thRs,additional burden
o f a strike which lasted fiom May 10th to June 29ch, during
which time no coal was mined by it. The production of its
mines in 1894 was 851,374 tons against 356,819 toils in 1893 and
286,213 tons in 1892.




sundry accounts, $5,715; total, $60,864, leaving $127,402; add
net earnings for the year 1894, $17,337; balance to credit of
profit and loss December 31, 1894, $144,740.
BALANCE SHEET DH0. 3 1 , 1 89 4 .

As&fit*_
Real estate.................... $5,000,000
Personal property........
63,209
Coal on hand ................
6,475
Cash......................
38,900
Bill and aooounts rec..
58,818

Liabilities—
. ^
..A
Capital stock ...............$o,000,000
Unsettled aooounts......
15,185
Dividends unpaid . . . .
7,480
Balance to credit of
profit & loss account.
141,739

.$5,167,405

Total................. .......$ 5 ,1 6 7,4 0 5

Total.......
—Vol. 58, p. 177.

THE CHRONICLE.

848

The New York Biscuit Company.
( Report fo r the year ending Dec. 81, 1894.)
The earnings for the year 1894, after paying interest and all
Other charges, were $545,390, or 6 1-10 per cent on the capital
stock. In 1893 similar earnings were $411,910 or 4 6 per
cent on stock. There has been charged off from surplus ac­
count for depreciation, etc., the sum of $260. The company
has purchased and cancelled through the siaking fund $50,000 of its bonds. It has during the year reduced bills and ac­
counts payable $521,007; it has since December 31, 1894,
still further reduced its bills and accounts payable $86,601.
The factories are all well equipped and in good condition.
BALANCE SHEET DEC. 3 1 , 1 8 9 4 .

1893.
Asset8—
1894.
$10,233,821
R’l estate, build’gs, pat’nts, machinery, etc.$10,029,6o6
Horses and wagons...................... . ...............
170,530
164,876
31,723
Office fixtures
. . . ...........................................
25,459
Merchandise.................................................
2 '8,256
231,239
Raw materials, etc.........................................
621,048
475,761
Accounts receivable...........................................
630,926)
789,267
Bills receivab le..................................................
29,930 5
Cash........................................................................
85,229
179,960
$11,821,034
Total............
Liabilities—
Capital stock.........................
$9,000,000
Bonds outstanding......................................... 1,341,000
Bills p a y a b le ...................................................
477,500
Accounts p a ya b le..........................................
100,137
Surplus.....................................
902,397

$12,106,651

Total...........
—V. 58, p. 304.

$12,106,651

$11,821,034

$9,000,000
1,391,- 00
985,0 >0
113.644
617,o07

Edison Electric Illuminating Company o f Brooklyn.
('Report fo r year ending December 31, 1894.)
Mr. W . S. Barstow, General Superintendent, says in the
report :
When it is remembered that five years ago this company had con­
nected to a system of 18 miles of undergrouid about 6,000 lamps and
to-day is suppl/ing 128,000 lamps from 90 miles of uudergr >uud, it
can easily be seen what large amount of construction work has been
necessary in building and equipping threa stations to provide for this
increase. All this construction work has been planned and superin­
tended by the regular employees of the company in addition to the regu­
lar operation o f the stations.
For the first time in the history of this company the operating de­
partments will not be hampered during the coming year by extensive
construction work. While the operating expenses of thè past year
have been 42 per oent of the receipts, as in former years, it is evident
that, with the improvements now at our command we have by no
means reached the limit of good economy. Although this company is
among the first in the electric illuminating field, it of course is operat­
ing uuder splendid conditions, with tue best equipped statious in the
country, and there is no reason why we should not improve our pres­
ent record. While the results of the past year have beeu affeoted to a
marked degree by the depression in general business, the outlook for
the ooming year is more encouraging.

taken form in the early part o f the year, the management decided to
promptly m *et these oonoitions by reducing prices to a basis as low as
oouid ne auiicipated under the new taritt, and which would meet the
prevailing necessity for cheaper goods.
I he tariff on pig lead and all our manufactures of lead was reduced
practically one-half —as for Inst uce on pig lead one oent and on white
lead one and one-half cents per lb. It is necessary for us to carry an
enormous quantity of lead I t process of manufacture, and it will not
occa-ion surprise to know that the reduction in the value of our lead
products between January 1,1894. and Januarv 1. 1895, when inven­
tories were taken at current values, amounted to more thaa $2 SO,') 0.
The prices now prevailing are the lowest in the bistorv of the trade.
80 far this year the extreme bad weather has retarded the distribution
of goods, but each department reports very much larger orders than
in any preceding year.
It was thought wise during the latter part of 1894 to emp’ oy ourlarge casbbala ce in the purchase of raw material in view of ihe
probable increased output required, and on January 1 , 1*95, we held
a larger a cumulation of lead produots by quite a number of million
pouuas than had ever before been held, either by this company or
those which it succeeded. The uotoward conditions in the smelling
business, largely brought about by the silver legislation, and bv the
imposition of the high tariff duties on silver lead o re s , which resulted
in the building up o f great smelting plants io Mexico to the detriment
of the business in this country, have not been sufficiently modified to
enable us to profitable re-opeu our smelters aud reflamg plant. We
are not without hope, however, that circumstances will be so ordered
as to permit the resumption of these works later on
Our mortgage indebtedness has beeu eutirel.v pail off with the ex­
ception of $ 12,603, which it, is impossible to pav during tbe lives of
some who derive aunui ies from it. Outside of this the company has
neither mortgages, bonds no- indebtedness other than is »hown in
tbe statement. We have paid during the year regular quarterly dividendsontne preferred stock, amounting to $l,0»3, ?8 1, and ou the
common stock three dividends of one p ur oent each, amounting to
#4*7,162; As there was a fair surplus fiom previous earnings, it was
deemed right that the common stockholders should share i 1it ro the
extent necessary to pay these dividends, there ueiug ample capital to
supply all needs of the company.
Taking into consideration all the cironmstances, the management
desire to express their satisfaction with the results as shown by this
statement, and with the remarkably solid condition <f the c unpany,
and its immense resources at this time, and feel confident that with
the return of general prosperity it will be found that our foundations
have been broadened and our possibilities materially enhm o d.
The different plants are being maintained at a high p >iot of mechan­
ical excellence aud modernized where necessary All expenditures for
tliis purpose have been charged to repairs, aud we are fully prepared
to taue caie of all additional business tnat may coma to us

To show the relation of the various accounts, a comparative
sheet as they stood on the respective dates, December 31,
1892, 1893 and 1894, is presented belotv :
BALANCE SHEET DECEMBER 3 1 .
1894.
1893.
Assets—
$
$
Plant investment................ ...23,629,023
23,668,144
Other investm ents.............. ....
425,704
417,557
8took on baud................ . . . . 4,465,396
4,203,043
Treasury stock ....................
190,600
190.600
Gash in banks...................... ....
69V, 94
l,232,m 3
Notes receivable................
220,498
388,321
Accounts receivable........... . . . 1,186 562
1,100.802

Total................................ ...30.810,078

Liabilities—
For the last six months the gross earnings were $234,193, Capital
stock........................ ...30,000,000
contrasting with $186,880 for the first half of the year,and the 8urplus D eoem ber31........
672,172
Mortgages
.......................
net $122,746 against $109,128.
12,603
The comparative statement for the years 1893 and 1894 is as Accounts payable........ ....... . . . 125,302
follows:
Total................................
BASHINGS, EXPENSES AND CHARGES.
1894.
Gross earnings........................................................$421,074
Expenses and taxes............................................... 234,198

1893.
$325,4 >4
178,861

Net e a rn ings..................................................$186,876
Other income.......................................................... 36,539

146,573
22.485

*. Total.................................................................. $223,406
Deaucl—
Interest on bonds.........................................1........ $25,000
Dividends............................................................ .
168,750

$25,000
98,275

T otal........................................................ ......$ 1 9 3 ,7 5 0
Surplus.............................................................. $29,656

$123,275
$45,783

169,058

The balance at credit of income Dec. 31, 1894, was $49,312.
CONDENSED BALANCE
Dr.
License account............ $945,000
Property account......... 2,580,371
Ambrose Park plant...
14,000
Insurance fund.............
53,800
Stock unsold..................
50,000
Accounts receivable....
100,445
Material and supplies..
42,557
Cash on hand................
33,359
Total........................ $3,819,534
-V. 60, p. 82.

SHEET DEC. 31, 1894.
Cr.
Capital stook.................$3,000,000
First mortgage bonds..
òOO.eOO
Accounts payable........
90,171
Divid. due Jan.. le>95..
45,000
Accrued int. on bonds..
6 250
Insurance tu u d ............
53.800
Depree. reserve fun d...
7-5,000
Profit and loss...............
49,312
T otal.........................$3,819,534

National Lead Company.

[V o l . LX,

1892.
$
23,241,920
43 1,526
5,492,999
19 ,6o0
444.140’
202,-49
1, 87,262

31,200,472

31,291,298

30,000,000
9 >0,3 55
37.603
212,513

30,000,000
863.706
35 1,728
273,864

31 200,472
31,291,298
Assets decreased in 1894...
$746,654
Assets increased in 18^4...........................................$356,259
Liabilities decreased in 1394...................................... 112,211 —468,470

Surplus decreased during 1894..............................................$278,183
—y . 60, p. 259.

GENERAL INVESTMENT NEWS.
5i3^“ 1 o facilitate reference to information appearing in this
column, particularly during the two months following the
publication o f the I n v e sto r s ’ S u p p le m e n t {each S u p p l e m e n t
containing an index up to date o f issue), it is proposed to
append to all items here given the volume and page o f the
C h r o n ic l e where the last previous item pertaining to the
company was published. It will then be an easy matter
having found one statement regarding a company to refer
to others o f earlier date.
Furthermore, as ready reference is especially desirable a
regards reorganization plans, the names o f reorganization
committees and the payment o f overdue coupons, all announcements concerning these appearing after the publication o f the
latest issue o f the I n v e s t o r s ’ S u p p l e m e n t will be indexed
together in this column under heading “ Reorganization Plans,
etc)'
---------

{Report fo r the year ending Dec, 81,1894.)
In 1893 net earnhtgs were $1.428.037, and dividends paid,
$1,341,388, leaving surplus for 1893 $86,649 ; in 1894, net earn­
ings were $1.212,258, and dividends paid $1,490,442, leaving
Augusta Southern R R .—Stockholders of this road will
deficit in 1894 $278,184 ; the total surplus Dec. 31, 1894, was
$672,172.
hold a special meeting on March 2 to consider the ia-uaooe of
The following are condensed extracts from the report of bonds for the purpose of changing their road from a narrow
gauge to a broad gauge.
President W. P. Thompson :
The profits for the rear 1894 were not so large as during 1893, for
Baltimore & Ohio.—On March 1st next the Baltimore &
the reason that the distress in the country iu I8s3 was in crea ed and Ohio will pay at the office of Messrs. Baring Brothers & Co.
accentuated i t H94. This company supplies a great number of man­
ufacturers with its paints, oxides, linseed oil, etc. During the year in London its sterling loan issued in 1870, amounting to
1894 manufacturing interests, almost without exoephou, dimiuished £713,000, or about $-1 5o0,000. The secuii ies which were in
their output to an extraoidiuary extent. Careful data show that such the sinking fund io r said loan have been so li. Through the
dimiuished business for the year 1891 as c unpared with 18 «3 ranged
from 23 to 74 per cent, or as near as could be arrive I at an average payment of this loan the bon d ed debt of the Baltimore &
decrea-e of about 51 percent. Notwthstandingthis the com pant had Ohio will be coD sidefa b ly red u ced . —V. 60 p. 258.
a substantial increase iu its volnme of business 'in ev- ry department
Central Railroad o f G e o g i a .—The failure of the reorgan­
except one during the year 1894 as compared wiih ls93. Profits were
not so large, because the purchasing power of consumers having b en ization plan is now publicly admitted. It has been tacitly
sadly ieduced and propositions for the reduction of the tariff having admitted for some time past.—Vol. 60, p. 128.




Februaby

THE CHRONICLE

23, 1395.]

349

Charleston Sumter A Northern RR.—This road was sold lege of exchanging the same at par for the new bonds whioh may be

in foreclosure at Charleston on February 15, and was bought
for the Atlantic Coast Line system. Toe price paid was
$455,000.- V . 60 p. 130.
Chicatro Gas.—As expected, there were important changes
in the directory of the Chicago Gas Light & Coke Company at
the meeting February 15. Parties identified with Standard
Oil interests replaced members of the Billings-JerzmanowskiBenedicc board, the new directors being Robert T.
Lincoln, J. W . Doane, A. A. Sprague, E. M. Phelps. N. B.
Ream and George Henry Wheeler. The following bold over
from last year: E. J. Jerzmanowski, C. K. Wooster, F. A.
Crane, W . J. Campbell and J. R. Custer. It is said one or
more of the other companies; will have a like change in
directors.—Yol. 60 p 176.
Chicago & North W* stern Railroad.—The Chicago Common
Council has passed an ordinance requiring the Chicago &
Northwestern to elevate the tracks on the Galena division_
V. 60, p. 242,
Cincinnati Extension Bonds—Alabama Great Southern.
— At Cincinnati, February 19, Judge Lurton allowed the Cin­
cinnati Hamilton & Dayton party to take an appeal from his
Nashville decree ordering foreclosure and sale of the Cincin­
nati extension bonds and a refusal to enjoin Herrv A. Taylor
et. al. of the Cincinnati Hamilton & Dayton Railway from
making changes in the Queen & Crescent leases.
The Governor of Alabama has vetoed the Alien Railroad
bill, which was aimed against: the Cincinnati Hamilton &
Dayton interest in the Alabama Great Southern Comnmv —
V. 59, p. 968.
Cleveland Lorain & Wheeling.—This company only in
January last completed its extension to Cleveland, but the
earnings for the close o f 1894 showed large gains, as appears
from the following:
i—Month o f December.Oross.
Net.
1894............................... $-9,669
$17,164
1893................................. 75,437
10,949

-6 months to Dec 31.—v
Gross.
Net.
$7*2,252
$271,978
720,055
235,456

Charges for 6 months ending Dec. 31, 1894, were: Interest
on bonds, $132,000; other interest charges, $3,059; taxes, $16,067; total, $151,126; balance, surplus for 6 months, $120,852.—
V. 60, p. 177.
Distilling & Cattle Feeding.—Receivers McNulta. Mitch­
ell and Lawrence on Thursday submitted to Judge Grosscup
an inventory of the financial condition of this company as
they found it up to January 28. According to it the troubles
o f the company were exaggerated by the petitioners for a re­
ceivership.
The balance sheet, signed by R. E. O’Brien and E. H. Harri­
son, accountants, is as follows:
BALANCE SHEET JAN. 28, 1895.

Cost of Shufeldt (lisI Capital ato^k........... ! $35,000,000
tillerles, *1/00,000.
|1st mortgage bonds.
1 , 000 , 00
Net pres nt v a lu e ---- $1,254,763 I Surplus assets.......... . 2,804,384
Net value of Calumet.
460,000 |
Other plants................. 2,528,99 M Total....................... $38,804,384
Materials od hand, etc.
643,2'.4 I
Orig. cost distilleiies. 33,817,430 |

creaied, the substance ot suoh provision to be incorporated in the oertinoate of stock.—V. 60, p. L3t.

Lehigh & Hudson River.—Earnings for the quarter and
the six months ending Dec. 31 are reported as follows :
3 months
Gross
Operating
end Dec. 31— earnings. expenses,
1894..............$104,969
$■>7,22 5
1894 ............. 146,853
112,237
6 months—
1894......... ...$194,275 $129.506
1893............. 294,909
210,929

Net
earnings.
$47.744
34,616

Interest
and taxes.
Balance.
$35,*36 sur. $11,908
34,6oO sur.
16

$64,769
83,980

$69,615 def. $4,846
69,250 sur. 14,730

On Dec. 31, 1894, loans and bills payable were $396,489,
against $397,300 on Sept. 30 ; car and locom o’ive trusts
$98,0’ 7, against $100.3 15 ; ca-»h on hand was $33,333; profit
and loss, surplus, $54,696.—V. 59, p. 1056.
Little Bock A Memphis RR.—The foreclosure has been
postponed until April 17 next.—V. 60, p. 177.

Long Island Traction— Brooklyn City Railroad.—At a

meeting o f stockholders of the Long Island Traction Co. on
Wednesday, a committee of six, including Horace J. Morse,
Wm. H. Ziegler, J. T. Dettmer, A. J. Pouch, E, C. Smith and
B. Gallagher, was appointed to fully investigate the manage­
ment and the affairs of the company and to formulate a plan
for reorganization, to be submitted to the shareholders at an
early date.
The Brooklyn Eagle says it was announced “ that there was
$70,000 in cash in the treasury, $140,000 floating debt and $300,000 to be met on April 1 for rental to the Brooklyn City RR.
It was said by Vice-President Jenkins that an assessment of $5
a share would be necessary to keep the Traction Co. afloat.”
On Wednesday papers were served upon the directors of the
Brooklyn City Railroad Company, the Brooklyn Heights Rail­
road aud the New York Guaranty & Indemnity Company as
the holders of certain securities to enjoin them from taking
any action whereby the Brooklyn City Railroad shall be
shouldered with any more debt than it has now to bear. The
suit is brought in the name of P. H. Flynn, and is understood
to be for the purpose of preventing the Brooklyn City Railroad
Company becoming responsible for the Long Island Traction
and Brooklyn Heights Joint collateral trust notes and their
other indebtedness in case the lease shall be terminated. The
Long Island Traction Company deposited a guaranty fund of
$1,000,000 (since reduced by $250,000) to secure the faithful
performance of the terms of the lease.—V. 59, p. 737.
Maine Central.—Earnings for the first quarter (ending Deo.
31) of the current fiscal year are reported as follows:
3 mos. to
Gross
Oper.
Net
Dec. 31.
arnings. expen.
earnings.
1894................ $1,199,191 $760,361 $438,830
1893................ 1,135,186 713,929 421,257

— V. 59, p. 1055.

Fixed
charges.
$327,416
336,215

Balance,
surplus,
$111,414
85|042

Metropolitan Elevated (Boston).—The petition to the Mas­
sachusetts Legislature for the incorporation of this company
with capital stock of not less than $15,000,000, has been re­
ferred to the next General Court.—V. 60, p. 302,
National Lead.—At the annual election o f the National
Lead stockholders the old board of directors was re-elected
by a vote of 203,659 shares. President Thompson submitted
a statement in which he said:

Total assete (see note).$a8,804,384 |
Current assets—
I
Current liabilities—
“ The preferred stock of this oomoany has unqualified preference in
Cash in bank...............
$162,730 |Bills payable, banks..
$71,773
Bills and accounts rei Acorued rentals..........
11,752 in dividend*, as ia all other things. Tne law of New Jersey requires
celva b le.......... .
282,799 |Interest, etc........ .
10,000 tha the preferred dividoud sh ill bo paid by the ho ird before any divi­
Nelson Morris.............
19,6711 *Xet lebate vouchers.
468,0 i6 dend shall be paid on the eonamon stook. The company has a surplus
Capital in plants........
1,102,3 O |Surplus ourrentassets 1,077,096 on hand of $672,000 aud needs *371,0)0 more to make up the divi­
dend on the preferred stock for the oomiag year.” —V. 58, p. 262.
Taxes paid....................
71, 06 1
„ ' ,
---------------I Total............................ $1,638,648
New London Northern RR.—The annual statement for this
Total.......................... $1,638,648 |Contingent liabilities.
$153,412 railroad, leased to the Central Vermont, shows for the year
Material on band net...................................................................... 8348,291
ended
November 30, 1894, dividends of 9 per cent. The cash
Net personal accounts distillers (gross $726,691 less bad
debt*, etc ) *307,772................... ............................................. 418,9t9 at the beginning of the year was $54,888 and at the end
Goods In bond net (2,9 14,690 gallons).................. . .......... .
335 130 $55,612. The balance sheet Is as follows :
Contingent assets and liabilities (disputed rebates) $164,260.
Dr.
Or.
Construction........ . ........ $3,470,541 Capital stock........ $1,500,000
•Gross ¥632,287, le»s $164,260.
Union Station, Norwich,
27,095 Consolidated bonds . . . . 1,500,“ 00
A note states that the original construction account, has been charged Leach’ s Crossing..........
3,956 Unpaid dividends.........
1,515
w ith $ .499, 00 par value ot stock. At the same time this stock was Accountsreceivab’e . . .
1,000 Unpaid ooupons............
439
credited on the hooks as “ Treasury stock, profit accounts,” at $1,574.- Cash ou hand Nov. 30,
Profit and l o s s . .. . ,.
556,251
280, which was ihe amouut realized from the sale of the stock iu ques­
55,612
1894.............................
tion. The money was used in purobasiog the Shufeldt and Calumet
properties, iu Chicago, which properties were charged ou the books at
Total.................. ......$3,558,206 |
Total.........................$3,558,206
$1,714,763, thus making a double charge to the amount of $1,574,2-0.
New York & East R iver Gas.— Tois company, it is re­
At rhioago on Thursday the distillers of the Uniied States
formed an association which in eludes, it is said, every distillery in the ported, is about to make an issue of consolidated mortgage
eounuy of any importance, except the Indiana Distilling Company, bonds, $5,000,000 in amount. Of this amount $3,500,000 will
and that wa,s expected to come iu by next Monday. It was decided to
raise the price of spirits at Peoria to $1 24, an advance of two cents a be retained in the treasury to redeem the present outstanding
gallon. The purpose o f the new orginizatiou, as stated by Gen. Mc­ bonds at maturity and the proceeds of the remainder devoted
Nulta, is to regulate the output aud prevent over-produotiou. Inci­ to laying about fifty miles of new mains in New York City.
dentally the price had to be raised to keep it at the oost of production.
The company has now about fifty miles of mains laid and
N o t e .— The items and totals are given as telegraphed from Chioago,
and in the footing of “ total assets” the.e is a discrepancy of about about 4,000 meters set in this city, with about 35 miles in
operation in Long Island City. Progress has been interrupted
$100,00u.—Y. 60, p. 301.

by the cold weather, but with the approach of spring the
work, it is expected, will be pushed forward rapidly.—V. 59,
p. 742.
New York Lake Erie & Western.—Over 90 per cent of J.
P. Morgm & Co’s receipts for New York Lake Erie & West­
ern Railroad Company’s second consolidated mortgage bonds,
funded coupon bonds of 1895, and income bonds, have been de­
posited
with the firm under its circular of Dec. 10, 1894,
The Evaosvi le & Terre Haute Riilroad Company agrees not to
create any new bonds upon D.s properoy io addition to those now in The United States Circuit Court. Judge Lacotnbe, has author­
exi tence, except upoa the following conditions: Such new boads, if ized the receivers of the New York Lake Erie & Western to
any, to be created ouly on the assent of a miijority of the holders iu
value of the preferred stook so to be issued in lieu of Evansville A purchase 1,600 tons of 80-lb. steel rails and 2,500 tons of 90-lb,
Richmond bonds, or, failing to obtain the assent of a m jorlr.yof the steel rails at a cost not to exceed $23 per ton.—V. 60,p, 302.
said preferred stock, tiiis company is to have the privilege of creating
Oregon Railway A Navigation.—At Portlanl, Ore., Feb.
such new bonds without the assent of tho said oreferred stoct, oil con­
dition that it win, at its option, e ther retire said preferred stook at 8. this companv tiled an answer to the complaint of the
par in cash, or else give the said holders o f preferred sioox the prlvl
Farmers’ Loan & Trust Company under which Edwin McNeil

Evansville A Richmond Railroad.—Notice is given that
the time for receiving deposits of bonds under the plan of set­
tlement with the Evansville & Terre Haute RR. Co. has been
extended to Monday, February 25, at 3 P. M. After that date
bonds will be received, if at all, only upon payment o f such
penalty as may be decided upon.
The following statement has been sent o u t :




THE CHRONICLE.,

850

■was appointed receiver. The answer alleges that McNeil has
not operated the lines in the interest of the company, but has
diverted traffic to other lines for the express purpose of pre­
venting the earning of sufficient revenue to meet the payments
on interest coupons. This allegation, it is understood, refers
to the traffic arrangements between Receiver McNeil and the
Great Northern under which a considerable amount of
through business destined for Portland goes via Spikaneiastead of Huntington. The answer further alleges that McNeil
has in his possession sufficient revenues to pay off the interest
on the coupons of the Farmers’ Loan & Trust Company ,
and asks that they be so applied, the receivership ended and
the property restored to the corporate officers of the company.
— V. 60, p. 177.
Pacific Railroads Ponding B ill.—A substitute for the
Reilly Bill to adjust the indebtedness of the Pacific Railway
Companies, and which was substantially defeated in the
House a few nights ago, was agreed upon at a meeting o f the
committee at Washington on Thursday. The substitute pro­
vides that the companies may pay in cash the principal of
their indebtedness to'the Government, giving to the Govern­
ment a second mortgage for the accrued interest, the second
mortgage to be payable in instalments covering a long term
of years. The moneys and securities in the sinking fund
shall be delivered to the companies, and the first mortgage
indebtedness shall be extended not more than fifty years at a
rate of interest not exceeding 5 per cent per annum. The bill
gives the companv twelve months from the date of the pas­
sage of the act in'which to pay the principal.—V. 60, p. 260.
P eoria Decatur & Evansville Railway.—Notice is given to
the first mortgage bondholders, Evansville Division, that the
coupons oue Sept. 1, 1894, on the above-mentioned bonds will
be paid at the officeof the Central Trust Company inNew York
City on and after Monday, Feb. 25, 1895.—V. 59, p. 1142.
Pittsburg & Eastern.—The company has decided to, in­
crease its capital stock from $2,750,000 to $5,000,000. The
company is an independent corporation and contemplates
building a road from a connection with the Biech Creek at
Mehaffey, Pa., to Pittsburg connections with the Baltimore &
Ohio, passing thraugh the undeveloped portions of Indiana,
Westmoreland and Cambria counties. The main line and
branches will aggregate 150 miles, and it is said construction
work will begin as soon as spring opens. The surveys have
all been made and are now undergoing revision.
Rochester (Street) Railway.—Earnings for the quarter and
the six months ending Dec. 81 are reported as follows :
3 months
Gross
to Dee. 31—
earnings.
1894.................... $187,633
1893.................... 185,139
6 months—
1893..................

393,748

Net
earnings.
$85,231
83,181

Other
ineoms.
$2,405
1,482

Int., taxes,
ren ts, etc.
$70,508
53,250

Balance.
surplus.
$17,128
26,413

$177,632
185,865

$10,328
2,929

$146,642
118,250

$41,318
70,544

|V0L, LX,

R e p o rts a n d H acitttijm ls.
NORTHERN CENTRAL RAILWAY CO.
F O R T IE T H A N N U A L R E P O R T .
O f f ic e

of

N o r t h e r n Ce n t r a l R a i l w a y C o m p a n y , )
B a l t im o r e , F ebru ary 19th, 1895.
J

To the Stockholders o f the Northern Central Railway Co.:
T he D irectors resp ectfu lly su b m it th e fo llo w in g rep ort o f
th e operations o f th e m ain line and o f th e railroads n o w o p e r­
ated u n d e r le a se or oth erw ise b y this C o n p a n y fo r th e y e a r
en din g D ecem ber 31st, 1894.
EARNINGS.

From freight
...........................................$4,489,463 22
1,127,656 32
passeag-rs.........................
e x p re s s .................................
103,073 10
mails ......................................... - ........
82,516 30
miscellaneous............... .......... .
218,546 75
Total earnings............................................................ $6,031,260 69
EXPENSES.

For
“
“
“
11

conducting transportation....................$1,685,966 35
motive power....................
1,290,087 47
maintenanae of oa rs.......................
543,409 94
maintenance of w ay............................
®o^*6Z5
general expenses.................................
86,976 11
Total expenses.............................- ................- ...........

4,234,116 4.8

Net earnings................................ .................................... $1,797,144 21
The gross earnings from operation of the Northern Cen­
tral Railway and railroads controlled by it for the
year ending uecemher 31st, 1894, were— ............. — $6,031,260 69
And for previous year.................................................................. 6,381,806 24
Showing a decrease in gross earnings o f.. .................

$850,545 55

The expenses for the same period w e r e ................................... $4,234,116 48
And for the previous year.......................................................... 4,763,156 20
Showing a decrease in expenses of .............................

$529,039 72

The net earnings fnr the same period were.......................$1,797,144 21
And for the previous year.................................................... 2,118,650 04
Showing a decrease in net earnings o f .........................

$321,505 83

INCOME ACCOUNT.

rn addition to the net earnings as above stated.............. $1,797,144 21
There was received from dividends and in te r e s t .........
221.921 35Interest acoouut, exchange, &c...........................................
55,1 6 75
In te re s t o n e q u ip m e n t ..................................................

Proportion of loss from operating Elmira & Canandaigua
Divisions received from Pennsylvania Railroad Co—
Total net reoeipts

2 4 ,0 0 3 4 »

84,774 29

............... ..........................................$2,183,479 83

which deduct the following amounts—
The general balance sheet of Dec. 81, 1894, shows funded From
Rental Shamokin Valley & Pottsville
• •
debt of $4,121,600, against $4,038,000 on Sept. 30 ; loins and
Railroad................................................ -• $200,662 92
Rental
e.lmira
&
Williamsport
Railroad.
153,7o7
OL
bills payable $278,193, against $390,232.—V. 59, p. 1059.
Rental Summit. Branch Railroad ........
62,499 96
Savannah Sc Western Railroad.—Central Railroad o f
Expenditures Shamjkin Valley & Pottsville Railroad............. .....................
32,471 55
Georgia Sy stem.—Messrs. Wilson, Colston & Co. of Balti
more have prepared a circular in regard to Savannah &
$449,391 44
Weatern bonds, from which the following extracts are taken Interest on Equipment—
Shamokin Valley & Pottsville
The Receiver reports for the 12 months of 1894 as follows.
Gross earnings..............$1,173,025 |Net earnings.....................$367,350
The total amount of the Savannah & Western bonds issued is $7
755 00«'and there are $l ,000,000 of first mortgage underlying liens,
B utof the $7. 55.« 00 there are $1,628,000 pledged as collateral, leaving
about $6."« 0,000 in the hands of investors. The Central RR. of Geor
gia Co. is maintaining its business and can he reorganized upon such a
basis as will pioteot all dxed obligations upon au equitable reduction
in the rates of interest, in which the Savannah & Western bonds ought
to have a better share than in the recently proposed scheme, which is
reported to have been abandoned. If justice is not accorded to them
they can reorganize their own property, in connection with existing
lines, which are anxious for the alliance, upon satisfactory turns. An
Independent liue can be made, from Birmingham to Savannah, with
connections to Montgomery, Atlanta, etc., and having now an estab
liehed business.
Meldrim, on the Savannah & Western, is only 17 miles from Sayan
nab, and the Savannah & Wesfern owns a right of way into that city,
and valuable tei minal property and facilities in it.
From Lyons to Americus, 124 miles, the line of the Savannah Amer
I cub & Montgomery HR is used on a pro ratiug oontraot.
The Savannah* Western owns a full equipment of rolling stock
without any Car Trust obligations.

To the circular the following is added as a postscript:

Since the above was written we have seen an article on the same
subject by Mr. John W. Weed, of the law firm of Messrs. Weed, Ilenry
& Myers, New Yorx City, giviag the following additional facts: The
statement for the last 6 months of 1894 is as follow s: Gross receipts,
$608,617; expen es, $379,883; net earnings, $228,534. The total net
earnings for 1 94*show $416,148. The entire interest charge ou the
Savannah & Western RR. (including interest on the pledged bonds and
under ying liens) is $4 »7,750.
It win be seen, therefore, that the Savannah & Western RR is now
aotually earning nearly the entire amount of interest on all bonds.—
Y. 59, p. 277.

Railroad .............................. $4,515 50
Elmira & Williamsport R R ... 14,999 53
Elmira & Lake Ontario R R ... 16,852 48

485,758 95
Deduct—
Interest on funded d e b t ..........................
Rents and Interest on real estate mortgages and ground-rents.........................
Interest on car trusts........... ...................
State tax on oapitil stock and bonds.. . .
Amount advanced Mineral RR. * Mining Co. for losses in operation in >894.
Amount advanced to Elmira & Lake
Ontario RR. Co. for interest................

$1,697,720 93
„ __
$789,716 25
28,863 25
® i’ ¿Vr
37,944 87
124,000 00
25,031 75

Balance to credit o f Income Account for 1894.................
Out of which were paid oash dividends of 7 per cent—
Leaving amount to be transferred to credit of Profit and
Loss Acoount for 18»4 ......................................................
Amount to credit Profit and Loss Account
Deo. 31, 1893. ------------------------ -------- $1,628,276 66
Le s amount charged in settlement of
sundry accounts................................................... * 2 V BJ3

1,061,760 81
$635,960 12
a »6,367 ou
$109,693 12

8g

Balance to' credit of Profit and Loss Acct. Dec. 31,1894. $1,731,752 95

The total number of passengers, irrespective of the division
over which they were carried, the passenger mileage, and the
revenue derived from the same, on all lines of the Company,
__The Mutual Life Insurance Co. of New York has issued its were:
Bate per
52d annual statement, covering the operations of the com
passenger
Passengers
pany for 1894. The statement deals with large figures, thein
Earnings.
per mile.
one mile.
Passengers.
$1,127,656 32
2*181
51,692,311
come being $48,020,869. The company paid to the holders of 1894.. ............. 4,129,905
1,302,879 44
2*114
61,629,942
! ......... 4,631,969
its policies on account of clai ns by death. $11,929,794, and for 1893..
endowments, annuities, dividends and other payments to liv­ Increase....................... .
.067
ing members, $9,159,462. It increased its reserve fund to Decrease............. 502,064
175,223
12
9,937,631
________
_____
guarantee the future payment of all claims from $168,755,
1 0 -84
16*12
13*453*17
071 to $182,109,456, an addition for the year of $13,354,334. P ercen ta ge......
The total number of tons, irrespective of the division over
On Dec. 31, 1891. its insurance and annuities in force attained
the total of $355,207,778, an amount exceeding the fundtd which they were moved,and tonnage mileage, and the revenue
derived from the same, on all lines of the Company, were:
debt of the United States.




THE CHRONICLE

F ebr u ar y 23, 1895.]

Rale per Ion
Earnings, per mile
$4,489,46*22
*602
5,188,63616
-605

Tons.
1894................. 12,008,949
1893................. 13,296,212

Tons one mile.
746,328,510
857,194,188

Increase..........
Decrease.’ ."."."" ‘ Ï , 287,263

•4
ÌÌ’Ó,865,678

" $ 6 W ,172*94

12*934

13*475

P ercentage....

9*681

"Ó03

The aggregate movement of bituminous coal was 1,998,821
tons, a decrease of 438,073 tons, and of anthracite coal 3,995,793 tons, an increase of 84,095 tons. The tonnage of both
classes amounted to 5,994,614 tons, as against 6,398,592 for the
preceding year, being a decrease of 403,978 tons in the actual
aggregate of coal transported, irrespective of the number of
divisions over which it was moved.
The amount of graiD received at the elevators at Canton,
as compared with the previous year, was:

351

traffic, and Mr. George D. Dixon Division Freight Agent at
Baltimore, vice Mr. Thayer, promoted.
Mr. Samuel Porcher was also appointed Assistant Purchas­
ing Agent March 1, 1894.
The following statements of the Treasurer accompany this
report: Income Account, General Financial Statement, Profit
and Loss Account, and Statement of Bonds and Stocks owned
by the Company. There is also appended to the report the
Statement of the Insurance Fund. Your attention is also
called to the reports of the General Manager and Auditor,
showing in detail the operations of the year.
It affords the Board great pleasure to acknowledge the zeal
and fidelity shown by the officers and employees in the dis­
charge of their duties during the past year.
By order of the Board of Directors.
G. B. R o b e r t s , President.

1894................................................................................. 5,726,465 bushels,
1893................................................................................ 11,362,174
A decrease o f ........................................................... 5,635,709

“

which strongly reflects the unfavorable conditions prevailing
in the export traffic.
The amount of grain received at the local elevator, No. 2,
in the city of Baltimore during the year was 1,780,212 bush­
els, as against 1,694,362 bushels in 1893, thus further proving
its advantage to the local interests of the city.
The main items of tonnage, besides coal and grain, were
lumber, iron ore, manufactures of iron and petroleum.
The tonnage mileage shows a decrease of 12*93 per cent
and the gross receipts from freight traffic a decrease of 13*475
per cent.
The average receipts from freight on your main line, leased
lines and branches, were *602 cent per ton per mile—a de­
crease of *003 ; the cost per ton per mile was *427 cent, an in­
crease of *005 cent ; and the net profit per ton per mile was
1*75 mills, as against 1 83 mills for 1893.
The passenger business for the year shows a decrease in
mileage of 16*12 per cent, while the revenue received there­
from decreased $175,223 12, or 13*45 per cent. As appears
from the preceding tables, there was a net profit per passen­
ger per mile of but 1*53 mills, as compared with a profit in
1893 of 2*59 mills.
While all the commercial interests of the country continued
to be very eeriouàly depressed throughout the year, and the
gross earnings were reduced to the extent of over $850,000 as
compared with 1893, the stockholders may be congratulated
upon the fact that, through the rigid economies enforced in
all branches of the service, the net earnings were sufficient to
enable you to pay dividends of 7 per cent.
No new work was undertaken during the year, and the only
charge to Capital Account was for the equipment provided
through Series H of the Pennsylvania Car Trust, which
matured June 1, 1894, at which time the 700 hopper gondola
cars thus furnished became your property, and were added to
your regular equipment.
During the past year the advances to the Mineral Railroad
& Mining Company amounted to $124,000, which were
charged against Income Account.
The amount of bonds outstanding under your Consolidated
General Mortgage was increased by issue of Series E, 4 ^
per cent, amounting to............................................................... $157,000
And reduced by the operation of the SinliiDg Fund, as follows: Series A and B, drawn and payable July 1,1894................... 114,000
Net in cre a se ......................................................
$43,000
Second General Mortgage Bonds, redeemed through the
Sinking Fund..........................................................
28,000
Making the total increase in funded debt in 1894..................... $15,000

There was an increase of 5*28 miles in Company sidings,
consisting mainly of the extension of a branch, 1*38 miles in
length, on the Lykens Valley Railroad to the Williamstown
Colliery, to facilitate the delivery of timber for mine purposes,
and the building of a branch, 3*88 miles long, on the Shamokin
Division, to reach the Scott Breaker.
There were 3,896 tons of new steel and 183,968 ties used in
renewals and repairs.
Extensive repairs were made to Elevator No. 3 and to the
warehouses at Canton
The motive power was improved by replacing 8 old freight
and shifting engines by new standard freight locomotives, so
that the entire power, with the exception of one engine, is
now up to full standard.
Three old passenger cars were replaced by new equipment,
and 76 box, 45 hopper, 20 long gondolas and 4 cabin cars re­
built during the year. Two cabin cars were added to the
equipment.
Under the arrangement referred to in the last report, the
Terminal Warehouse Company completed a commodious
warehouse for the storage of flour, canned goods and general
merchandise reaching Baltimote over your lines, and opened
it for business in September, 1894. Its operation has proved
very satisfactory, both to your Company and to the commer­
cial interests of that city.
In order to give the companies contributing traffic to the
Union Railroad of Baltimore an ownership therein based
upon the amount of such contributions, 5,000 shares of its
stock were sold to the Philadelphia Wilmington & Balti­
more Railroad Company, the remaining 7,000 shares being
held by your company.
Under the Revised organization taking effect December 1,
1894, Mr. Charles A. Chipley was appointed Assistant General
Freight Agent in charge of local traffic, Mr. John B. Thayer,
Jr., Assistant General Freight Agent in charge of through



CHICAGO

&

ALTON RAILROAD CO.

THIRTY-SECOND ANNUAL REPORT—FOR THE YEAR
ENDING DECEMBER 31, 1894.
To the Stockholders o f the Chicago & Alton Railroad Co.:
The Board of Directors submit the following report for the
year ending December 31, 1894 :
LENGTH OF ROAD OPERATED.

,---- Miles o f Main and— ,
Branch Lines.
First
Additional
Miles o f
Length o f
Main Track. Main Tracks. Side Track. All Tracks.
Chicago to East St. L. 280*70
108*04
123*01
511*75
Coal City Line ........... 24*48
___
14*44
38*92
Dwight to Washington
....
6*55
86*30
and L a c ó n ............... 79*75
Roodhouse to Kansas
City..................
250*42
1*84
62*91
315*17
Bloomington to Wann,
via
Jacksonville,
Godfrey & Up. Alton 158*00
....
19*78
177*78
Mexico to Cedar City. 50*00
....
3*5 i
53*51
Total miles............843*35

109*88

230*20

1,183*43

No addition has been made to the first, second, third and
fourth main tracks. The total length of side tracks has been
increased 1 8-100 miles.
At forty-three places on the main lines of your railroad
the tracks of other railroads cross yours at grade. Interlock­
ing plants have been erected at eighteen of such crossings,
three of which have been completed during the last year.
At all of the drawbridges on your lines interlocking plants
are aiso provided.
CAPITAL STOCK.

Preferred Shares..............................................................
$3,479,500
Common Shares......................................................................... 18,751,100
Total amount of Stock,.......... ............................................ $22,230,600
MORTGAGE BONDS AND OTHER OBLIGATIONS.

St. Louis Jacksonville & Chicago Railroad Sec­
ond Mortgage 7 per cent Bonds, due July 1,
1898, assumed by your Company..................
Louisiana & Missouri River Railroad First Mort­
gage 7 per cent Bonds, due August l, 1900,
assumed by your Company.................
.
Louisiana & Missouri Rivet Railroad Second
Mortgage Bonds, due November 1 ,19 0 .......
Chicago <s Alton Sinking Fund 6 per cent Gold
Bonds, due May 1, 1903........................ .......
Consolidated Chlcaeo & Alton 6 per cent Ster­
ling Bonds, due July 1,1903—£900,000, say
Mississippi River Bridge Company’s First Mort­
gage Sinking Fund 6 per cent Bonds, due
Oi tober l. 1912, assumed by your Company
under terms of lease.......................................

$230,000
1.785.000
300.000
1.853.000
4,379,850

563.000 •

Total amount of B o n d s ..........................................................
Joliet & Chicago Stock, on which perpetual divi­
dends at the rate of 7 per cent per annum
are guaranteed........................................ . . . . $1,500,000
Mississippi River Bridge Company's Stock, on
which perpetual dividends at the rate of 7
per cent per annum are guaranteed. ..........
300,000
Louisiana & Missouii River Guaranteed 8tock,
on which perpetual dividends of 7 per cent
per annum are guaranteed.............................
329,000
Kansas City 8t. Louis & ( hicago Railroad Stock
on which 6 per cent annual dividends are
guaranteed.......................
1,750,000
Kansas City 8t. Louis & Chicago Railroad Com­
mon Stock, on which dividends notto exceed
7 per cent per annum are contingent upon
gross earnings............................
271,700

9,110,850

4,150,700

Total................................................................................ $35,492,150

On the 13th day of November, A.D. 1894, an agreement was
entered into between your Company and the Louisiana &
Missouri River Railroad Company, a copy of which will be
found appended to this Report.
Pursuant to its terms your Company has assumed all the
obligations of the Louisiana & Missouri River Railroad Com­
pany, and such of them as have not bgen already redeemed
and canceled are included in the above statement of Mortgage
Bonds and other obligations.
The purchase by your Company of the common and pre­
ferred shares of the Louisiana& Missouri River Railroad Com­
pany, for which provision is made in the agreement, had been
consummated at the close of the year, with the exception of
564 shares of preferred and 955 shares of the common stock,
at a cost (including all incidental expenses) of $548,5*8 74,
which sum has been taken from the accumulated surplus of
your Company and applied in payment for such shares and
expenses.

352

THE CHRONICLE,

The remainder of the shares to be purchased will cost your
Company $26,188, and the total cost of all the shares, including
the expenses above referred to, will amount to $574,771 74.
The total amount of the obligations of the Louisiana & Mis­
souri River Railroad Company which have been assumed, in
addition to $439,000 of its First Mortgage Bonds, which were
assumed by your Company July 5, 1870, which bonds do not
represent a part of the cost of the road, is $2,015,000, and the
total cost to your Company of the Louisiana & Missouri River
Railroad, under the agreement of November 13, 1894, is $2,589,771 74, or $25,692 18 per mile.
The common capital stock of your Company has been in­
creased during the year by the issue and sale of 24,502 shares
to its share holders, at the price of $114 per share.
The First Mortgage Bonds of the St. Louis Jacksonville &
Chicago Railroad, amounting to $2,929,000, which matured on
the first day of April last, have been paid and canceled.
* Twenty-nine thousand dollars of your Company’s Sinking
Fund Gold Bonds and sixteen thousand dollars of the Bonds
of the Mississippi River Bridge Company have been canceled
on account of sinking funds during the year.
Leaving out of the account the bonds and stocks of the
Louisiana & Missouri River Railroad, from the purchase and
assumption of which a considerable reduction of the annual
fixed charges of this Company may hereafter be expected, the
total amount of bonds and capital stock by which your prop­
erty is represented has been reduced during the year $523,800.
A t all times during the last thirty years, when it has been
practicable, the total capitalization by which your system of
roads is represented has been reduced.
A t the end of the year 1894 the total capitalization, includ­
ing all obligations assumed by your Company, is less than 60
per cent of the actual cost of the property in its present im ­
proved condition.
A dividend of 8 per cent is therefore the equivalent of
about 4% per cent upon such a number of shares as would,
together with the funded debt, represent the actual cost of the
property.
The total amount of the capital stock and other obligations
of your company, which is shown above, less the amount of
the mortgage bonds and stocks o f other companies owned by
your company, is in round numbers $31,256,000, and this sum
is equal to $37,061 72 per mile of railroad, or $26,411 86 per
mile, including all the tracks, of your company.
REVENUE.

The gross earnings from traffic, and interest on tempo­
rary investments of surplus, during the last year,
■were...................................................................................... $6,565,258 01
The total disbursements during the same period for
operating exp ense, t <xes, rent of leased lines, inter­
est on bonds and dividends were..................................... 6,518,601 51
Balance

T he expenditu res fo r op era tin g and m a in ta in in g y o u r ra il­
roa d , com p a red w ith those o f the preced in g yea r, are as
fo llo w s :
Decrease.
For
“
“
“

The decrease in operating expenses, compared with 1893. is
$1,027,201 95, or 22 062 percent.
ANALYSES OP OPERATING "EXPENSES, EXCLUDING TAXES.

Per
Cent.

1893.

DISBURSEMENTS.

$1,391,294 90j....................Total..................... $3,348,818 25

6,578,242 97

The following Statements show the Earnings and Expenses
duriug 1893 and 1894.
GROSS EARNINGS.

Per Ct.

1893.

1894.

\perOi.

38-337 $2,900.819 84 From Passengers............. . $2,043,912 06 32-4 83
56 473 4,273,117 48
“ Freight^..................... 3,881,544 52 61-688
02 275
172,112 78
Express................. .
172,329 10 02-739
02-402
181,767 87
“ Mails..........................
181,279 79 02-881
00-513
38,822 24
" Miscellaneous..........
13,171 07,00-209
$7,566.640 2>

*6.292.236 541 .

The Gross Earnings from Traffic in 1894, compared with
those of 1893, are as follows :
Increase.
From Passenger Traffic....................
“
“

Express
Mail

“
“

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

Decrease.

Per Ct.

$856,907 78 29-540
891,572 96 09164
$216 32
00-125
488 08 00 268
25,651 17 66-73

The decrease in Gross Earnings in 1894, compared with
those of the preceding year, is $1,274,403 67, or 16 842 per cent.
OPERATING EXPENSES.

Per Ot.
36-712
30-84*
23 913
08-526

1894-

1893,
$1,769,247
1,436,303
1,113,967
396,970

$4,655,889 15




Per Ct.

97 For Conducting Trans'tion $1,531,535 70 42-206
82 *• Motive Power, ........... 1,137,397 89 31-344
21 “ Maintenance of Way..
699,304 93 19-272
260,448 68 07.178
15 “ M aintenanoe of Cars..
$3,628,687 20

1

1893.
4,011
$2,660,969 28

Aver. No. of men em ployed..
Aggregate Pay R olls.............

1894.
3,355
$2,187,986 33

SUMMARY OF EARNINGS AND EXPENSES.

1893.

1894.

$7,566,640 21 ............EarniDgs fjom all Sources............ $6,292,236 54
4,655,889 15
3,628,687 20
$2,910,751 06
61-532

$2,663,549 34
57-669

..Operating Exp. p. o. of Gross Earns..

Decrease in Gross Earnings ............................................... .$1,274,403 67
Decrease in Operating Expenses......................................... 1,<>27,201
1,<127,201 95
Deorease in Net Earnings......................................................

$247,201 72

The decrease in Net Earnings in 1894, compared with Net
Earnings in 1893, is 08*493 per cent,
EARNINGS PER MILE.

1894.

1893.
$8,971 59
5,520 38
$3,451 21

__ Gross Earnings per mile of Road___
.Operating Expenses per mile of Road.
___Net Earninas per mile of Road.

$7,461 00
4,302 71
$3,158 29

TOTAL GROSS EARNINGS FROH FARM PRODUCTS SHIPPED AT LOCAL
STATIONS.

T ears.

Gross Earn­ Gross Earn­ Gross Earn­
ings on Ship­ ings on Ship­ ings on Ship­
ments o f ments o f Farm
ments o f
Farm Prod­ Farm Prod­ Products from
ucts f om Loral Stations
ucts from
Loral 'lot’ns Local Stat’ ns in Illinois and
Missou i.
in Illinois. in Missouri.

Per Cent
o f Gross
Earn­
ings on
Freight
Traffic.

Per Cen
o f Gros
Earn­
ings on
all
Traffic.

1 8 8 1 ..........
1 8 8 2 .........
1 8 8 3 ..........
1 8 - 4 .........
1885
1886
1887
1888
i * 8 9 .........
1 8 9 0 .........
1 89 1 .......
1 89 2
1893
1 8 9 4 ____

$ 7 9 9 ,3 2 4 00 $ 3 0 1 ,6 6 i 00 $ 1 .1 0 5 ,9 8 6 00
3 9 7 .4 2 4 00
7 6 8 ,8 1 3 00
1 ,1 6 6 ,2 3 7 0<>
1 ,0 3 1 ,8 3 2 22
5 7 6 ,7 9 2 90 4 5 5 .0 3 9 32
3 4 0 ,6 5 6 49
8 6 9 .2 7 1 6
5 2 8 ,6 1 4 67
2 -2 ,3 7 2 5 0
8 8 2 .2 9 2 33
5 9 9 ,9 1 9 83
.....................
3 0 7 ,5 4 1 89
7 1 0 ,’ 4 7 97
1 ,0 1 8 .2 8 9 8 t.....................
1 ,0 6 5 ,0 0 2 0 6
7 1 2 ,4 4 0 t-5 3 5 2 ,5 6 1 21
.....................
3 3 3 ,6 5 » 77
1 ,1 0 2,80 1 15
7 6 9 ,1 4 1 38
.....................
3 9 0 ,0 4 5 56
8 5 5 ,3 7 2 95
1 ,2 1 5 ,4 1 8 51
3 3 4 .5 4 7 12
1 ,1 5 7 ,3 5 0 4 s
8 2 2 ,8 0 3 36
8 4 1 ,3 5 7 76
4 3 6 .4 6 5 63
1 ,2 7 7 ,* 2 3 39
3 1 6 ,6 0 0 75
7 7 1 ,2 4 2 75
1 ,1 1 7 ,8 1 3 50
.....................
2 6 9 ,2 6 1 03
1 ,0 4 1 ,0 4 9 54
7 7 1 ,7 8 8 51
.....................
3 1 9 ,9 4 9 82
8 5 7 ,4 0 3 7 2
1 ,1 7 7 ,3 5 3 54

19-8 4 8
19-606
16-6 4 8
14 3 12
1 6 -2 4 '
18-835
17 5 43
2 2 -5 0 0
2 5 -2 5 0
2 5-2 2 4
2 5 5 66
2 2 -4 3 0
24-3 6 3
3 0 -3 3 2

14-5 6 7
1 4 -1 9 5
11-7 1 1
09 981
1 1 -0 3 8
1 ¿-6 3 3
11-9 1 1
1 4 -6 3 1
16-569
1 6 -3 8 0
16-3 3 4
1 4 -4 6 0
13-758
1 8 -7 1 1

$ 1 3 6 .3 0 4 OO 0 5 -9 6 9

04*953

$9,701,583 23

Balance December 31,1894................... ..................... $3,123,340 26

Per
Cmt^

18S-4.

61-25 $2,689 629 ool Paid forLahor APer.Services $2,222,719 37 66-37
30-27 1,329,377 79 ¡Paid for Stores.......................
81*,*53 47 24-45
08-48
372,2*8 llilnsurance, Rents, Mis. Exp..
307,245 41 09-18

$46,654 50

Interest on funded debt............................ $527,503 77
Dividends........................
1,729,424 00
Bent paid Joliet & Chicago RR. Co.........
105,750 00
Rent paid Louisiana & Missouri River
RR. Co.......................................................
120,200169
Rent paid Kansas City 8t. Louis A Chi­
cago RR. Co..............................................
336,035 85
Rent paid Mississippi River Bridge Co...
71,000 00
Paid for sinking fund bonds put chased.
33,423 75
Paid and appropriated from this account
for additional property, real estate and
new tracks...............................................
26,217 71
Operating expenses, including ta x es.... 3,628,687 20

Per Ct.

Conducting Transportation.............................. $177,712 27 10-397
Motive Power. .. ..
298,905 93 20-812
Maintenance of way............................................ 414,062 2» 37-190
Maintenance of oars............................... - .......
136,521 47 34-391

INCOME ACCOUNT.

By balance December 3 1,18 9 3 .. ........................................$2,926,'350 85
By intereston bonds,dividends on stocks owned by your
company, and sundry receipts.........................................
482,995 84
By gross receipts from traffic.............................................. 6,292,236 54

[V ol . LX.

Increase..

$ 8 5 .6 1 5 21

$ 5 0 ,6 8 8 79

Detailed statements, of which the foregoing is a summary,
will be found in the appendix to this report.
The number of passengers transported during the year is
1,979,933, beiog 201,814, or 9 25 per cent less than in 1893;
the number of through passengers being 117.603 and the
number of local passengers 84,206 less than in that year.
The average distance traveled bypissengers is about 50miles, being 22‘6 miles less than the average in 1893.
The average rate per mile by all passungers was, iu 1893,
1*838 cents, and in 1894, 2*073 cents per mile.
The number of tons of freight transported during the year
is 2,774,228, or about 11 per cent less than in the preceding
year.
The reduction of through freight compared with that of
1893 is 100,588 tons, or 16*370 per cent, and the reduction of
local freight, 258.717 tons, or 10*092 per cent.
The average rate per ton per mile was in 1893 *884 of a cent,
and in 1894 *917 of a cent.
The average distance which freight was transported in
1893 was 154 45 miles and in 1894 152*535 miles.
The strike of coal miners, which commenced ou the 21st
day of April, and continued about three months, the boycott
and strike of the American Railroad Uaion, which com­
menced on the 26th day of June, and continued until nearly the
end of Ju'y, and the unparalleled depression of all kinds of
business throughout the entire year, account for the very
great reduction in the traffic of your road.
It is now from thirty to forty years since a majority of the
railroads of this country were constructed by and at the
expense of corporations to whom the several States had, by
a covenant in their respective charters, or by general laws

F e b r u a r y 23,1895.]

THE CHRONICLE.

granted the right to charge and collect reasonable rates for
transportation, and it is about twenty five years since such
States, especially in the West, inaugurated the policy of re­
ducing railway rates by the instrumentality of parallel and
competing lines, for which there is not now, and has never
been, a public necessity.
The several States, by reason o f having authorized the con­
struction of such lines, are morally responsible for conditions
which have caused reasonable rates to be unattainable.
Many laws have been enacted by State legislatures and by
Congress during the last-named period which provide for
rules, regulations and reduced rates, under which in combi­
nation with the subdivision of traffic which has naturally
been caused by the construction of the parallel and compet­
ing roads above referred to a large majority of Western
roads have been forced to bankruptcy, but as to such mat­
ters we presume you are fully advised.
W e tbink, however, your attention may not have been
called to the burden of taxation which your Company, as
well as all other railroad companies, especially those in the
West, have been compelled to bear during the last twenty years.
In 1874 your Company paid State, County and Municipal
taxes equal to 10 per cent of its earnings applicable to- divi­
dends. In each subsequent year the ratio of taxes to earn
ings is larger.
In 1894 it is 15 75-100 per cent, and the total amount of
taxes paid is $15,274 70 larger than in 1893.
To State, County and Municipal taxes for 1894 must be
added the Income Tax, which is based on the earnings of
that year, payable in July next.
The provisions of the several leases require your Company
to pay all Federal taxes imposed on your leased lines.
These obligations increase the amount of the Income Tax,
which your Company is required to pay, to a sum which is
equal to 2 66-100 per cent of its net revenue.
The amount of all taxes for the year 1894 is equal to
18 42-100 per cent of all available revenue, including that
which is derived from the temporary investment of the sur­
plus of the Company, or 21 78 100 per cent of the available
revenue from the traffic of the road.
As to about three-fourths of the railroads in the United
States, no comparison can be made between the amount of
taxes and earnings available for dividends, for the reason that
there are no such earnings.
From statistics published by the Inter-State Commerce Com­
mission for the year ending June 30, 1893, it appears that the
owners of railroad stocks to the amount of more than two
thousand eight hundred and fifty-nine millions of dollars
($2,859,334,572),or 61 24-100 per cent of all such stocks, received
no dividends, and that the owners of more than four hundred
and ninety-two millions of dollars ($492,276,999), or 10 93-100
per cent of all railroad bonds, received no interest in that year.
W e learn from the same source that taxes amounting to
$36,514,689 were paid by railroad companies, which sum is
equal to 36 18-100 per cent of the amount of all dividends paid
to railroad shareholders in that year, which was a year of at
least an average volume of business in all parts of the country.
Taking into account the income tax since imposed, and the
very great reduction of railroad earnings since June 30, 1893,
and especially in the calender year 1894, in which the gros?
earnings of railroads were reduced about one hundred and
twenty-five millions of dollars, which sum exceeds by nearly
twenty-five millions the amount of all dividends paid to share­
holders for the year ending June 30, 1893, we think it safe to
say that in 1894 the amount of taxes imposed upon railroad
companies is equal to at least fifty per cent of the total amount
of all dividends paid in that year.
Truly, our hydra-headed ruler exercises unlimited power
over railways, and appears insatiable.
For the efficient services rendered by your officers in the
several departments, and all persons employed under their di­
rection, our acknowledgements are due.
Your attention is invited to the tabular statements and ac­
counts which will be found in the appendix of this report.
By order of the Board.
' j;r ; '______________
T. B. B l a c k s t o n e , President.
—Chairman S. Endicott Peabody of the Oregon Short Line
& Utah Northern RR. Co. Consolidated Mortgage and Collat­
eral Trust 5 per cent Bondholders’ Committee announces that
the time having expired within which bonds may be deposited
without penalrv, the American Loan & Trust Co. in B >ston
and the New York Guaranty & Indemnity Co. in New York
will receive bonds after to-day upon payment of $5 per bond,
which will later be increased to $t0 per bond. This committee,
in conjunction with the Amsterdam committee, now rep­
resents more than $6,000,000 of the consolidated mart, bonds.
—Attention is again directed to the Connecticut Mutual Life
Insurance Company’s statement displaying its condition on
the 1st of last January. The statement shows the strength
and permanency of the company, not alone to those who may
be specially interested in its administration, but to outsiders
as well who feel interest in the steady and prosperous growth
o f the worthy corporations of the country. It being one of
the cardinal points of this company to furnish reliable insur­
ance at a minimum rate, the ratio of expenses of management
to receipts, 9-94 per cent, is specially satisfactory, being less,
it is claimed, than that o f any competitor. The policies in
force are 65,979, insuring $153,686,871. The gross assets on
Dec. 31, 1894, were $62,234,925, while the surplus for the year
was $3,876,212 73.



353

$fcje © u r a m e m a l p in t e s .
COMMERCIAL

EPITOME.

Thursday Night, Feb. 21,1895.

Impediments to traffic and transportation occasioned b y
previous snow-storms are gradually becoming modified, and
the consequent increased facilities for prompt movement o f
merchandise has served as a stimulus to slightly increase the
volume of general business. Of goods moving, the largest
proportion is of thoroughly staple character, yet the orders
from retailers and small jobbers show some increase of de­
mand for choice and fancy selections, which is looked upon
as an evidence of broadening consumption. The most last­
ing effect of recent unpropitious weather has been felt in the
Southwest, where the marketing of cotton was very slow
during the current week in consequence o f poor roads. A t
the West the receipts of wheat and corn have been quite lib­
eral and late advices report a desire among farmers to push
forward their remaining stocks. A partial relief from the
larger amount of wheat coming into sight has been the im ­
proved export demand. Cured meats have eased off in
price under advices of large arrivals of swine at packing
centres. Speculation in all leading commodities continues
moderate.
The demand for lard on the spot has been slow and prices
have further declined, closing quiet at 6'70c. for prim 9 West­
ern, 6%c. for prime City and 7'10c. for refined for the Conti­
nent. In the local market for lard futures speculation has
been at a standstill, but the continued large receipts of swine
at primary points and weaker advices from the West have
caused prices to be quoted nominally lower.
DAILY CLOSING PRICES OP LARD FUTURES.

Sat.
February..........................e. 6'82
M a y ..................................o. 6*90

Mon.
6-82
6 87

Tices. Wed.
6*82 6-73
6 90 6 82

Ihurs.
6-70
6*75

Fri.
Holiday..

The demand for pork was quite active early in the week,
but the close was quiet at $11 25<D$ll 75 for mess, $11 50(cfr
$12 00 for family and $12 25@$14 75 for short clear. Cutmeats have received a limited amount of attention at about
steady prices, closing at 5%@5%c. for pickled bellies. 12@10
lbs. average, 43£@4%c. for picsled shoulders and 8@3%c. for
pickled hams. Beef has been quiet but steady, closing at
$7 50@$8 for mess, $8@$10 for packet, $9@$11 50 for family
and $lo@$l8 for extra India mess. Beef hams have been
steady at $16 25@$16 50, closing quiet. Tallow has been quiet
and without change, closing at 4j^c. Lard stearine ha3 been
quoted nominally unchanged at 8Wc. Oleo stearine has
further advanced, closing steady at 6 ^ c. Cotton-seed oil has
been in limited demand and steady, closing at 22c. for prime
crude and 26%c. for prime yellow. Butter has been moder­
ately active and steady, closing at 10@33c. for creamery.
Cheese has sold fairly well at steady prices, closing at 9@12c.
for State factory, full cream. Fresh egashave advanced, and
the close was firm at 27%c. for choice Western.
Raw sugars found very fair and steady demand, with prices
well supported throughout. Centrifug'd quoted at 3c. for
96 deg. test and muscovado at 2 ll-16c for 89-deg. test. Refioed sugars sold with greater freedom, making a fractional
advance in cost and ruling firm; granulated quoted at 4c.
Teas and spices selling better at improving rates.
Coffee has found a very strong market with increased busi­
ness and further advance in cost. Rio quoted at 16%o. for
No. 7, good Cucuta at 193£c. and interior Padang at 25@36J*jC.
The deal in contracts for future delivery has not b^en ex­
tensive but upon a steadily advancing line of value in view of
exceedingly small offerings, and closes steady.
The following were final asking prices :
14 80o. IA u g . . ......... ...1 4 ‘80o.
F e b ............... ..15-10o. I M a y ......
March..... .........15-00c. June . . . . . .....14-85o. Sept.. .....,...1 4 -8 0 o .
April...............14*95o. I Ju ly.. . . . . .
14-aOc. IDeo . . . . . . ..........14*75o.

Kentucky tobacco has continued in limited supply and
prices have ruled firm. Sales 2 JO hhds., principally to ship­
pers. For seed leaf tobacco the demand has been quiet and
prices have been barely miintained. Sales for the week were
1,025 cases, as follows: 100 cases 1891 crop, Penn, seed leaf, 13
@13)^c.; 250 cases 1893crop, Penn. Hivana seed, 9J^@ l0^c.;
300 cases 1892 crop, Wisconsin Havana, 10 2|13c.; 125 oases
1893 crop, New England Havana, 6@ l0c.; 100 cases 1893 crop,
State Havana, 7 @ llc .; 100 cases 1893 cron, Zimmer’s, I2<$13c.,
and 50 cases 1892 crop, New England Havana, 16@40o.; also
500 bales Havana, 65c.@l 05, and 200 bales Sumatra, 40c.@
$3 00, in bond.
Not much interest has been shown in the speculative mar­
kets for Straits tin, and prices have further declined iu re­
sponse to weaker advices trim abroad, closing easy at 13'30c.
Ingot copper has weakened a trifle and the close was flat at
9*65c. for Lake. Lead has sold slowly, and the close was
easy at 3'10c. for domestic. Spelter has been dull and with­
out change, closing at 3 10c. for domestic. Pig iron has been
in fair demand and steady, closing at $9@$12 50 for domestic.
Refined petroleum has again advanced, closing at 6 '10c. in
bbls,, 3'60c. in bulk and 7'20c. iu case*; crude in bbls. has
been dull, Washington closing at 7c. in bbls. and 4 ‘50c. in
bulk; naohtha, 6 25c Crude certificates have declined, clos­
ing at $1 04 bid. Spirits turpemiae has further advanced,
closing firm at 33J*£c. Rosins have also advanced, closing at
$L 40@$l 42^<i for common to good strained. Wool has been
moderately active and steady. Hops have bsen quiet and
easy.

THE CHRONICLE

354

T h e M ovem ent

C O T T O N .
F r i d a y N i g h t , February 22, 1895,
t h e C r o p , as indicated by our telegrams

of

from the South to-night, is given below. For the week ending
this evening the total receipts have reached 91,807 bales,
against 132,939 bales last week and 155,093 bales the previous
week; making the total receipts since the 1st of Sept., 1894,
<5,598,239 bales, against 5,168,870 bales for the same period oi
1893-4, showing an increase since Sen.l, 1894, of 1,429,389 bales.
Galveston......
Velasco, & e ...
New Orleans..

Mobile...........
Florida............
Savannah.......
Brunsw’k.&c
Charleston. . .
Pt. Royal, <fco
Wilmington.
Wash’ton, &o
Norfolk............
West P oin t..
N’port N., &c
New Y ork.......
B oston ............
Baltimore.......

Tues.

Mon.

Sal.

Wed.

Thurs. I
4,422

248

2,111

1,866

4,808

5,163
489

4,541
570

6,387
300

7,638
362

2,277

471

2,478

1,128

Total.

4,185! 17,640
2,681
2,681
4,210| 3,694 31,633
3,217
49 1,447
438
438
8,966
1,345 1,267
1,984
1,984
6,309
1,088 1,542

496

1,731

329

1,123

10

152

69

41

103

263

103
211

402
1,482

654
199

440
147

........
278

970
527

440
536

320
565

300
694

1,373
8
1,192
392

P h ila d e lp h ia & c

407
6,327
58

[V ol» LX.

In addition to above exports, our telegrams to-night also
give us the following amounts o f cotton on shipboard, not
cleared, at the ports named. W e add similar figures fo r
New York, which are prepared for our special use by Messrs,
Lambert Sc Barrows, Produce Exchange Building,
ON SHIPBOARD, NOT CLEARED—FOR
Feb. 22 at—

Other CoastOreat
Britain. France. Foreign wise.

Leaving
Slock.

Total.

2,812 25,051
6,689
8,228
28,985 10,14o
1,000
None. None.
4.500
2,000 None.
3,500 None. None.
2.500
9.000 None.
6,750
6,800'
600
6,000
8.000 None.

None.
1,622
2,000
130
None.
4,000
None.
None.

34,552
48,055
3,000
6,630
3,500
15,500
14,150
14,000

338,952
93.594
65.383
44,633
24,650
28,781
150,570
84.268

Total 1895...

64,954 13,552 54,029

7,752

140,287

830,831

Total 1894...
Total 1893...

69,451 10,835 36,347
30,458 21,728 54,526

6,457 123,090
18,822 125,534

821,183
852,362

New Orleans...
G alveston......
Savannah......
Charleston.....
Mobile.......... .
Norfolk............
New York........
Other p o r t ___

Speculation in cotton for future delivery at this market has
1,748
8 been remarkable principally for its very small proportions
3,054 and exceedingly narrow limit of fluctuation in value. A
2,039 large part of the trading during current week was devoted to
392
liquidating March options or putting forward engagements
2,030
3,007 for that month to later dates. Operators appear perplexed as
6,327 to the outcome and disposition of present crop and prospec­
334 tive acreage for next planting. As a consequence new deal­

133
63
3
39
38
9,262 11,390 14,329 16,901 12,931 26 995 91.807

ings are held in abeyance, awaiting more satisfactory devel­
The following shows the week’s total receipts, the total sine« opments. During Saturday and Monday the values were a little
Slept. 1, 1894. and the stock to-night, compared with last year. higher, but the gross gain, only 5@6 points, was occasioned
mainly by covering on March, the shorts for that month be­
Stock.
1893-94.
1894-95.
Receipts to
coming intimidated by the light crop movement. Tuesday’s
Since
Sep.
Since
Sep.
This
This
Feb. 22.
1894.
1895.
market held about steady, without new feature except ru­
Week. 1,1893.
Week. 1,1894.
76,732 mors of comtemplated short time by Lancashire spinners
7,751 932,261 142,549
G alveston... 17,640 1,497,354
600 and a desire among our home spinners to take similar action.
32,443
52,375
397
2,681
Velasco, «fee.
New Orleans 31,633 2,127,424 30,340 1,611,875 373,504 295,178 Wednesday opened firmer on continued covering for March,
37,163 but closed at a net loss of 3 points, when an attemot to sell
28,150
1,871 178,260
3,217 211,712
Mobile..........
....
18,814
31,099
Florida........
438
later months revealed an entire absence of demand. The
81,633
68,383
9,287 856,428
Savannah...
8,966 811,649
market closed Thursday with a weak tone and a few points
1,800
8,073
60,643
1,108
Br’ wiok,<fec
1,984 139,516
41,977 lower, under better crop movement for the week than had
51,263
2,112 318,632
Charleston..
6,309 377,082
been looked for. To-day (Friday) is a legal holiday. Cot­
131,345
8,339
61,848
P.Royal,o. j
22,184 ton on the spot very dull at 5%c. for middling uplands.
13,930
2,026 184,332
Wilmington..
1,748 219,968
The total sales for forward delivery for the week are 274.300
........
5
487
895
Wasn’n, &c
8
61,483 bales. For immediate delivery the total sales foot up this week
44,281
5,518 415,539
N orfolk.......
3,054 388,823
8,821
9,233 379 bales, including — for export, 279 for consumption,
West Point
2,039 248,496 ’2,979 211,036
2,489 — for speculation and 100 on contract. The following are
1,519
48,603
34,779
264
N’p’t N.,<fco
392
61,540 164,720 254,489 the official quotations for each day of the past week—
2,537
New Y ork ...
2,030 107,933
21,000 February 10 to February 22.
80,937
30,000
51,962
6,605
3,007
B osto n ........
Bates on and off middling, as established Nov. 22, 1893,
22,538
28,339
45,711
98,752
857
6,327
Baltim ore...
9,973 by the Revision Committee, at which grades other than
37,196
13,387
895
79,380
331
Philadel.,<fcc.
middling may be delivered on contract:
Tot’ls this week

T otals.......

91,807 6,598,259 82,891 5,168,870

971,118! 944 273

In order that comparison may be made with other years, we
Receipts at—

1895.

1893.

1894

1892.

1891.

1890.

Galves’n,<feo.
New Orleans
M obile........
Savannah...
Char’ ton, Ac.
Wilm’ton,<feo
N orfolk.......
W. Point,<ko.
All others...

20,321
31,633
3,217
8,966
6,309
1,756
3,054
2,431
14,120

8,148
30,340
1,871
9,287
10,451
2,031
5,518
3,243
12,002

18,146
25,951
1,822
7,075
1,225
301
4,968
2,154
3,854

16,577
69,996
3,095
11,204
4,950
1,330
6,026
9,485
20,005

11,962
35,316
5,253
21,262
9,131
2,362
9,534
13,895
18,181

8,651
27,972
705
12,067
2,360
1,457
3,823
7,059
22,514

Tot. this wk.

91,807

82,891

65,496

142,668

126,896

86,608

Sinoe Sept. 1 6598,259 5168,870 4283,350 6072,984 5809,392 5372,469

Good O rdinary.............o. I 1« o ft.
Good Middling Tinged...
Even.
Strict Middling Stained.. 7aa oft.
Middling Stained ........... 7i« oft.
Strict Low Mid. Stained.. 293a oft.
Low Middling Stained....
oft.

Fair................................. 0. 11* on.
Middling Fair................... 78 on.
Striot Good Middling....... *3 on.
&ood Middling.................. 5ig on.
Strict Low Middling........ 3ie oft.
Low M iddling.................. 716 off.
Striot Good Ordinary....... 1316 oft.

On this basis the prices for a few of the grades would be s s
follows:
UPLANDS.

S a t.

Good Ordinary..........................
Low Middling...........................
Middling.....................................
Good M iddling..........................
Middling Fair............................

41$

GULF.

Th.

M on Tues W ed

44a
4*a
5316 5316
£3g
£»8
£»3
51Bif 5151( 51016
6 L3
64a
613
S a t. M o n T u e s

W ed T h .
4%

Good Ordinary.........................

4%
57ie
5 7a
6»i«
6%

4%
57is
5 7e
63X6
6%

4%
57lg
fi78
03l6
6%

Low M iddling.............. ............
Middling......................................
Striot Middling..........................
Good Middling Tinged.............

414
53ie
5i3a2
5»8

44*
581S
5I032
53s

444
5318
513s2
53g

F it.

443
53,b
£3g
51516
6 1«

414
53X6
£»8
515lt
G1«

h
a
0
»
F r i.
fi

Low M iddling............................
*0
K »
Ä716
5
78
5 78
Middling.....................................
&
The exports for the week ending this evening reach a tots 1 Good
0
tì316 6*16
Middling.................
M
6%
o f 113,544 bales, of which 53,4S1 were to Great Britain, 7,056 Middling Fair............................
to France and 51,007 to the rest of the Continent. Below are
STAINED.
S a t. M o n T u e s W e d T h . F r i .
the exports for the week and since September 1, 1894.
RxporU
from —

Week Ending Feb. 22.
From Sept. 1,1894, to Feb. 22 1895.
Exported to—
Exporte 1 to—
Total
Conti­
Oreat
Oreat
Conti­
lotal.
Brit’n. France nent. Week. Britain. France nent.

5,370
G a lv eston .......
Velasco, A c....
N ew O rleans.. 21,867
7,275
M obile & Pen.
S av a n n a h .......
Brunswick......
Charleston*...
W ilm ington ..
N orfolk ...........
W est P oint__
N ’p’t News, Ac
New Y o r k ...... 11,582
7,858
B oston.............
1,638
Baltimore.......
Philadelp’a ....

7,308 12,578
2,519 2,519
5,444 10,361 37,062
7,275
21,828 21,828

1,612

2,125

2,125

700

700

4,966 18,160
7,859
1,200 2,838

701,304 185,094
643,359 381,696
71,450
63,132 24,317
74,745
225,218 13,786
55,044 4,160
123,073
70.871
27.918
291.244 25,373
152,882
70,934 1,580
25 92s

285,418 1,172.476
43.491
43,491
405.598 1,490,053
20,394
91,844
367,124 454,573
15,942
90,687
173.155 412,159
133,091 192,295
24,533 148,166
30,257 101,128
27,918
152,275 468.892
1,577) 154,459
83,255) 155,799
9,049
34,977

T otal............. 55,481 7,056 51,007)113,544 2,597,742 630,606 1,805,159 5,039,507
Total, 1898-94. 85.973 IS.201 21,245! 124,419 2,285 616 518 414 1,108 M2 3.972,871
* Including P ort R oyal.




414
53ie
51332
58g

414
53,« Hall51332 day.
5«8

MARKET AND SALES.

The total sales o f cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
SALES OF SPOT AND CONTRACT.
SPOT MARKET
CLOSED.
Sat’d a y. D ull....................
Menday Dull....................
Tuesday Dull....................
Dull....................
Dull....................
Friday..
Total

Con- Spec- Con­
Ex­
port. sump. ul't'n tract. Total.
127

ib o

'e i
e6
25
.. Holi day..
279

100

Sales o f
Futures.

127
100
61
66
25

24,900
61,800
56,300
62,700
68,600

379

274,300

THE CHRONICLE

F e b r u a r y 23, 1895.J

T h e S a l e s a n d P r ic e s o p F u t u r e s a re s h o w n b y th e
fo llo w in g co m p re h e n s iv e table.
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W '-Ihe imports into Continental ports the past week ha\e
been 98,000 bales.
The above figures indicate an increase in the cotton in sight
te-night of 391,043 bales as compared with the same date
oi 1894, an increase of 599,891 bales over the corresponding
date o f 1893 and a gain of 105,173 bales over 1892,
A t t h e I n t e r i o r T o w n s the movement—that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1893-94—is set out in detail below.

1 ••
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* Incliides sales in September, for September, 23,100; Septembery?o°o r’ ^or October, 220,600; 8apteiQoer-November, for November,
413,600; Septembrtr-Deoember, for December, 1,162,00a; SeptemberJanuary, for Jam ary, 3,175,3 ju..
We have included in the above table, and shall continue each
wceh to give, the average price of futures each day for each month. It
will be found under each day following the abbreviation “ Aver.” The
average for each month for the week is also given at bottom of table.

SSi*“ For exchanges see page 357.

1895.
1894«
1893
1892
Stook at Liverpool........ bales. 1,784,000 1,712,000 1,652,0001,690,000
Stock at London.......................
6,000
6,000
5,000
8,000
Total Great Britain stock. 1,790,000 1,718,000 1,657.000 1,698,000
Stock at Hamburg.................... ' 27,000 ' 25,000
3.000
2,200
Stook atBremen....................... 336,000 219,000 172.000 148.000
Stock at Amsterdam...............
16,000
16,000
16,000
25.000
Stock at Rotterdam...........
200
200
200
300
Stock at Antwerp...................
12,Ouo
20,000
8.000
5.000
Stook at Havre.......................... 522,000 464,000 427.000 286.000
Stock at Marseilles.................
5,000
7,000
10,000
7.000
Stock at Baroelona..................
81,000
72,000
98.000
84.000
28,000
13,000
Stook at Genoa..................
12.000
11.000
Stock at Trieste.......................
15,000
17,000
9,000
13,000
Total Continental stocks. 1,042,200 853,200 755,200 581,500
Total
stocks
------ 2,832,200 2 ,571,200 2,412,200 2,279,500
lflA
HTTEuropean
ATlo/fln
otffor
A
HEurope.
UnitAM
A 49.000
AnAAA 1115,000
1 Saaa i aa aa/v ' a. aaa
India
cotton
afloat
100,000 ' 75,000
Amer. cott’n afloat for Europe. 493,000 372,000 248,000 553,000
Egypt, Brazil,&e.,afltforE'r’pe
30.000
3 5.000
33,000 3^,000
Stock in United States ports.. 971,118 944,273977.896 1,228,6 6
Stook in U. 8. interior towns.
422.762
363,821 438,894 522,746
United States exports to-day
___
27,965
33,708
11,164 23,940
Total visiWe supply.......... 4.826.015 4,435,002 4,226,154 4.720,872
Of the above, totals of Amenoan and other descriptions are as follow s:
American—
Liverpool stook............. bales. 1,630,000 1,447,000 1,406,000 1,445,000
Continental stocks...............
952,000 745,000 656,000 475,000
American afloat for E urope... 493,000 372,000 248,000 553,000
United States stock.................. 971,118
944,273 977,896 1,228,686
United States interior stocks..
422,762 363,821 438,8b4 522,746
United States exports to-day.
27,965
33,708
11,164 23,940
Total American.................. 4,498,845 3,905,802 3,737,954 4,248,372
East Indian, Brazil, <6c. —
Liverpool stock......................... 154,000 265,000 246,000 245,000
6,000
6,000
London s to o k ..........................
5,000
8,000
Continental stocks...................
90,200 108,200
99,200 106,500
India afloat for Europe............
49,000 115,000 10<‘,000
75.000
Egypt, Brazil, &o., afloat........
30,000
35,000
38,000
38.000
Total East India, &o........... 329,200 529,200 488,200 472,500
Total American.................... 4,496^845 3,905,802
3,737,964 4,248,372
Tot»1
4,720,872
M
linirvisible
T
Tnlannsupply............
F
.Itrofm
Aa1 4,826,045
»j3Uod.
i .i 4,435,002
io d.
x 4,220,154
*■
,
-•
Middling
Upland,
Liverpool..
48,,
5ii«d.
311,6d,
Middling Upland, New York..
5<%o.
7%o.
9 q c.
Egypt Good Brown, Liverpool
5Hd.
4%du
5Hi«d.
"¿iid0:
Peruv. Rough Good, Liverpooi
5qd.
5l3,6d.
6%d.
81«d#
Broach Fine, Liverpool..........
3 i«(i.
4ifld.
53,6d.
3i*jd.
Tinnevelly Good, L iverpool..
4»ied.
33ie d.
jp m
- led.
3 lli6d.
5

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355

12 w

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i— m
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m
WW©WH©CO©«©IO|^
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o <JC005QOW©(k©COlt.OOWQDODt-‘ >iOCl©C«5MWW©Or MS
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tci£'W.^®©o5WcOTw©»-'i»o©-cci^tofcowce©ooK>Ma)i&.'U»acoM cc cte
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co
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a> M
to
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>to«H w w mV MX-'V,w'oo®QOhaMlo>-'<i©lowlo©Ki'co<-‘ w’cotf>
WMWC0A'»00Oi<a.00C0W©©<,©MWM«qei©t0©i-1©l-*Wil*©k0
©r
to
M j <1 l^MJD ■ Mw H* 00© WWM WW©CD© *-■W© MCOto (k
CD © © >J© © wi ■ Vl'to Vi'o 'od'*- o 'mV i->-C® GOWW© w’w©V'*ro w w
Wl ©©©©<!©:
ot ©©©to© —(1Cto© WifeW© W|f.«J©lk©l^' i2 w
f* 1 © MQWWW W O MO'-'CCtOOGOWWQCWtOtO-lW'J ©-}© w to |
* Louisville figures “ net” in both years
f This year’s figures estimated,
t Last year’s figures revised.

o p C o t t o n 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
The above totals show that the interior stocks have decreased
and consequently all the European figures are brought down during the week 19,527 bales and are now 58,901 bales more
to Thursday evening. But to make the totals the complete than at same oeriod last year. The receipts at all the towns
figures^for to-night (Feb. 22), we add the item of exports from have been 16,880 bales mo -'e chan same week last year and since
he United States, including in it the exports of Friday on lv.
dept. 1 are 1,518,253 bales more than for same time in 1898-94,

T h e V is ib l e S u p p l y




356

THE CHRONICLE.

IV ol . LX.

Q u o t a t io n s f o r Mid d l in g C o t t o n a t O t h e r M a r k e t s . — from one inch at Galveston to twenty inches at Columbia.
Below we give closing quotations of middling cotton at South* Where rain has fallen the precipitation has as a rule been
em and other principal cotton markets for each day of the w eek. light. Farm work has been very much retarded,
Galveston, lexa s.—Snow has fallen on one day of the week
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
to the extent of one inch. No rain. The thermometer has aver­
Feb. 22.
Fri.
Tues.
Wedncs. Thurs.
Satur.
Mon.
aged 36, the highest being 54 and the lowest 19.
51«
51«
51«
51«
Galveston...
ft's
Huntsville, Texas.—W e have had snow on two days of the
5316
51«
5i«
New Orleans
5iie
5he
Mobile..........
5
51ie
5
5
51!«
past week, to the depth of two inches. The thermometer has
Savannah...
5
5Jie
She
òh e
51«
5»ie
518
averaged 39, ranging from 16 to 61.
Charleston..
5%
51«
5
5
5
Wilmington.
5
5
Palestine, lex a s.—There has been snow on two days of the
51«
53. e
51«
N o rfolk ......
51«
51«
c3
Ȇ
5*8
5»«
55«
B oston . . . . . .
5»«
56«
past week* the snow-fall reaching two inches and eight hun­
51«
5k
5k
Baltimore...
S’«
5k
dredths. The thermometer has ranged from 18 to 63, averag­
5i516
51516
5l5ie
5lBie
51°16
Philadelphia
a
5k
Augusta. . . .
5k
514
514
5*4
ing 40.
51«
M em phis....
51«
5k
51«
5i«
51«
51«
5k
St. L ou is. . . .
518
51«
Dallas, lex a s.—Farm work was almostat a standstill during
5
k
51«
51«
H ouston ....
51«
51«
the early part of the week on account of the continued cold
5516
55,8
5518
Cincinnati..
ö5lS
5516
5k
514
Louisville...
514
514
514
and disagreeable weather. The ground was covered with
R e c e ip t s f r o m t h e P l a n t a t io n s . —The following table snow in some places over north and central Texas at the clo3e
indicates the actual movement each week from the plantations, of the week, but it was almost a thing of the past over the
The figures do not include overland receipts nor Southern
consumption; they are simply a statement o f the weekly southern sections. It is the general opinion among corre­
movement from the plantations o f that part of the crop which spondents that the snow-fall will be of great benefit to f a r m i n g
interests and will put a good season in the ground, which was
finally reaches the market through the outports.
much needed. It has snowed here on one day of the week,
the snow-fall reaching three inches. A verage thermometer
Receipts a t the Ports. St’k at Interior Towns. Rec’pts from PlanVnt
Week
31. highest 47 and lowest 15.
Ending—
1863. 1894. 1895. 1893. 1894. 1895. 1893. 1894. 1895.
San Antonio, Texas. —Snow has fallen on two days of the
Jan. 18 ..... 101,73? 169,917 207,806 44d,67^ 432,721 530,021 96,705 141,517 169,179 week, to the extent of three and four-tenths inches. Tne
“
26....... 71,769 161.352 211913 444.920 420,147 607,480 70,017 141.778 189,369 thermometer has averaged 46, the highest being 70 and the
Feb. 1 ...... 86.863 116.748 199,855 449,754 406,910 489,601 01,677 103 541 182,15« lowest 30.
** 8 ...... 81,163 100,660 155,098 448.157 580.917 466,453 79 686 84,537 181,750
Luting, Texas.—There has been snow on one day during
“ 16 ... 68,920 71,627 132 989 411,694 376,763 442,289 62,3=>7 67.473 108.825 the week to the depth of five inches. The thermometer has
“ 22....... 66,496 82 891 91,807 438,894 363,821 422,762 62,796 69,949 72,280 averaged 40, ranging from 18 to 63.
Columbia, Texas.—Snow has fallen on two days of the week
The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1, 1894, are 6,963,686 bales; io to the extent; of twenty inches. The thermometer has ranged
from 13 to 58, averaging 35.
1893-94 were 5,456,525 bales; in 1892-93 were 4,59 s,610 bales.
Cuero, Texas.—W e have had snow on two days during the
2.—That although the receipts at the outports the past week
were 91,807 bales, the actual movement from plantations was past week, the snow-fall being fourteen inches. Average
only 72,280 bales, the balance being taken from the stocks ai thermometer 38, highest 58, lowest 18.
Brenham, Texas.—There has been snow on two days of the
the interior towns. Last year the receipts from the plantations
for the week were 69,949 bales and for 1893 they were week to the depth of six and a half inches. The thermometer
has averaged 43, the highest being 66 and the lowest 19.
62,796 bales.
Belton, Texas.—It has snowed on one day of the week to the
O v e r l a n d M o v e m en t f o r t h e W e e k a n d s in c e S e p t . 1.—
We give below a statement showing the overland movement extent of two and a-half inches. The thermometer has aver­
for the week and since September 1. As the returns reach us aged 35, ranging from 10 to 60.
Fort Worth, Texas.—W e have had snow on one day the past
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all week to the extent of two and eight tenths inches. The ther­
the principal matters of interest are given. This weekly mometer has ranged from 15 to 47, averaging 31.
Weatherford, Texas.—W e have had snow on one day during
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Feb. 23 the week, the snow-fall being three inches. Average ther­
mometer 31, highest 48, lowest 14.
and since Sept. 1 in the last two years are as follows:
New Orleans, Louisiana —We have had rain on two days of
1893-94.
1894-95.
the week, to the extent of thirty-six hundredths of an inch.
The thermometer has averaged 41.
February 22.
Since
Sines
Shreveport. Louisiana.—It has rained on two days during
Week. Sept. 1. Week. Sept. 1
the past week, the rainfall being four hundredths of an inch.
Shipped—
The thermometer has averaged 41, ranging from 33 to 71.
Via St. Louis.............................. 15,248 712.414 16.769 495,572
Columbus, Mississippi.—W e have had no rain during the
3,865 191,396
4,436 268,811
Via Cairo....................................
Via H a n n ib a l............................
50
545
13,459 week. The thermometer has ranged from 35 to 60, averag­
34
2,894
6,296 ing 48.
Via Evansville............................
1,226
3,784 142,328
Yla Louisville..............................
75,307
Leland, Mississippi.—There has been light snow on two
1,290 124,216
2,050
Yla Cincinnati...........................
86,044
3,792 106,639
2,324 102,539 days of the week. Average thermometer 36’1, highest 60
Yla other routes, &c...................
and lowest 23.
Total gross overla n d .......... . 28,584 1,357,847 16,284 970,613
Meridian, Mississippi.—Telegram not received.
Deduct shipments—
Little Rock, Arkansas.—There has been no rain during the
Overland to N. Y ., Boston, &o.. 11,698 338.027 10,894 225,384
Between Interior to w n s ..........
1,697
20,705
48
20,797 past week. The thermometer has averaged 38, ranging from
Inland, &o., from South . . . . . . . .
874
1,643
50,966
71,942 33 to 63.
Helena, Arkansas—Farmers say they will plant less cotton
Total to he dednoted............... 14,269 409,698 12,585 318,123
this year. The weather has been so bad that no preparatory
Leaving total net overland*.. 14,315 948,149
3,699 652,490 work has yet been done. W e have had light rain on two days
during the week, the precipitation reaching six hundredths
* Including movement by rail to Canada.
1 Revised.
The foregoing shows that the week’s net overland movement of an inch, and it is raining now. The thermometer has
this year has been 14,315 bales, against 3,699 bales for the ranged from 5 to 37, averaging 33.
Memphis, Tennessee.—lx, has rained on one day during the
week in 1894, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 295,659 bales. week, to the extent of twenty-one hundredths of an inch, and
the weather now looks threatening. Average thermometer
1894-95.
1893-94
37‘8, highest 58 3 and lowest 33’ 1.
In Sight and Spinners'
Nashville, Tennessee.—There has been rain on one day dur­
m ,
Since
Takings.
.
Sine»
Week. Sept. 1. Week. gep i t
ing the week, the precipitation being two hundredths of an
inch. The thermometer has averaged 35, the highest being 54
Receipts at ports to Feb. 22........ 91,807 6,593,259 82,891 5,168,870
Net overland to Feb. 22................ 14,315 948,149
3,699 652,490 and the lowest 16.
Mobile, Alabama.—It has rained on two days of the week,
Southern consumption to Feb. 22 16,000 439,000 16,000 416,000
the precipitation reaching thirty-one hundredths of an inch.
122,122 7,985,40« 102,590 6,237,360
Total marketed.......
*19,527 365,427*12,942 287,655 The thermometer has averaged 40, ranging from 36 to 65.
Interior stocks in excess.
Montgomery, Alabama.—There has been rain on three days
Game into sight during week. 102,595
of the week, the rainfall reaching fifty-six hundredths of an
89,648
8,350,835
Total in Bight Feb. 22.............
6,525,015 inch. The thermometer has ranged from 30 to 48, averaging
North’ n spinner stak’ vs to Feb.22 50.163 1,644 808
9.894 1.126,682 39.
Selma, Alabama.—Telegram not received.
* Decrease during week.
Madison. Florida.—There has been rain on two days during
It will be seen by the above that there has come into sighi the week, the precipitation reaching sixty hundredths of an
during the week 103,595 bales, against 89,648 bales for tht inch. The thermometer has averaged 47, tne highest being
same week of 1894, and that the increase in * count in sigh'
60 and the lowest 38.
to-night as compared with last year is 1,835,830 baler.
Columbus, Georgia.—There has been no rain during the
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 .—Our telegraphic ad week. The thermometer has averaged 36, ranging from 34 to
vices from the South this evening indicate that the tempera­ 52.Savannah, Georgia.—The week’s rainfall has been one inch
ture has been higher generally at the South during the week. and eighteen hundredths on four days. The thermometer has
Snow has fallen in many sections of Texas, varying in depth ranged from 37 to 63, averaging 43.




F e b r u a r y 23, 1895.

THE CHRONICLE

Augusta, Georgia.—Telegram not received.
Charleston, South Carolina.—There has been rain on five
days during the week, the precipitation reaching one inch
and fourteen hundredths. The thermometer has averaged 40,
the highest b e iD g 58 and the lowest 31.
Stateburg, South Carolina.—There has been rain on three
days during the week, the precipitation reaching eighty-seven
hundredths of an inch. The snow has nearly all disappeared.
The thermometer has averaged 33*6, ranging from 11 to 49.
Wilson, North Carolina.—Rain has fallen on one day of the
week, to the exteDt of thirty hundredths of an iach. Snow
has fallen on two days. Average thermometer 36, highest 54
and lowest 20.
The following statement we have also received by telegraph,
showing the height o f the rivers at the points named at
8 o’clock February 21, 1895, and February 22, 1894.

New Orleans___
Memphis............
Nashville............ . . . . . . . Above zero of gauge.
S h revep ort......
Vtoksburg..........

17‘1
15’2
381

5-7
2*6
4-9

BOMBAY- RECEIPTS AND SHIPMENTS FOR FOUR TEARS.

Shipments this week.
Shipments since Sept. 1.
Wear Great Conti­
Great Conti­
Total.
BriVn. nent. Total. Britain nent.

Shipments for the week.

Étreat

Conti­
nent.

Britain.

Oalontta—
1894-95...
1893-94...
Madras—
1894-95...
1893-94...
A ll others—
1894-95...
1893-94...
Total all—
1894-94...
1893-95... I

Receipts
This
Week.

83,000
241.000
240.000
140.000

34.000
58.000
40.000
55.000

Since
Sept. 1.

406.000
677,00«
547.000
455.000

Shipments since Sept. 1.
Great
Britain. Continent.

Total.

Total.

2,000

2,000
2,000

2,000
4,000

5,000
6,000

9,000
9,000

14,000
15,000

3,000

2,000

5,000

13,000
23,000

10,000
14,000

23.000
37,000

1,000

2,000

3,000

12,000
22,000

26,000
29,000

38,000
51,000

6,000

2,000
6,000

2,000
12,000

30,000
51,000

45,000
52,000

75,000
103,000

The above totals for the week show that the movement from
the ports other than Bombay is 10,000 bales less than the same
week last year. For the whole o f India, therefore, the total
shipments since September 1, 1894, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL INDIA.

1894-95.

1893-94.

Shipments
'to all Europe
from—

This
wsek.

Bom bay...........
All other ports.

16,000
2,000

83.000 21,000
75.000 12,000

Total..........

18,000

158.000 33,000

Since
Sept. 1 .

This
week.

1892-93

Since
Sept. 1 .

This
week.

241.000
103.000

Since
Sept. 1.

7.000
3.000

240,000
84,000

344,000 10,000

324,000

A l e x a n d r ia R e c e ip t s a n d S h ip m e n t s .—Through arrange­
ments we have made with Messrs. Davies, Benachi & C'"> of
Liverpool and Alexandria, we now receive a weekly cable oi
the movements of cotton at Alexandria, Egypt. The following
axe the receipts and shipments for the past week and for the
corresponding week o f the previous two vears.
Alexandria, Egypt,
February 20.

Receipts (oantars*). . . .
T h isw eek ....
Sinoe Sept. 1 .

1894-95.

1893-94

1892-93.

130,000
4,070,000

115,000
4,056,000

65,000
4,830,000

This
Since
week. Sept. 1.

Exports (bales)—
To L iverpool............
To Continent............

7.000 210,000
5.000 223,000

This
Since
week. Sept. 1.

7.000 227.000
4.000 168.000

Total E n ro p e ...... 12,000 433,000 11,000 395,000

This
Since
week. Sept. 1.

3.000 265.000
6.000 184.000
9,000 449,000

* A oantar Is 98 pounds.

M a n c h e s t e r M a r k e t . —Our report received by cable to­
night from Manchester states that the market is easy for
yarns and steady for sheetings. The demand for India is
improving. W e give the prices for to-day below and leave
those for previous weeks o f this and last year for comparison:
1895.
82* Oop.
Twist.

Jn. 18
“ 25
Feb. 1
« 8
« if
* 22

5

d

178
4"%
478
478

8 * lbs.
Shirtings.

1 1. u. S. d.
®5l3lf 4 0 ®6 1
3 1H«®6 1
95*8 3 11 9 6 0
®5®g 3 11 ®5 11
»558 3 IO1« 96 0
9 5 ^ 3 1GV*6 0




1894-95.
Receipts to Feb. 22.

1893-94.

Stock

This
Since
This
Since
week. Sept. 1. week. Sept. 1. 1895.

Savannah.......................
Charleston........................
Florida, &c.......................
Total...........................

1894.

551 63,137
5
5,098
27
5,139

333 52,772
1,919
41
3,357

6,773
514
1,436

533

425 58,048

8,723 11,736

73,374

8i* lbs.
Shirtings.

d
d.
%. d. s. d
ß lljg ® ?1* 5 7 9 7 6

I 1'« «»16 »71« 5 6 ©7 6

281aa 6913 ®7*8
3 8 61« 9 7 1«
67la ®7t$
3
Sisa 6*8 ®7i«

5
5
5
5

6 97 6
6 ®7
41997 4
3^97 3

Exports
from —

846

Week Ending Feb. 22. Since Sept. 1, 1894.

Korth’n Mills.

Great Fr’nce
Great Fr’nce
Total. Brit’n. Ac.
Total.
Brit’n. die.

Since
Week. Sept. 1.

Savannah...
Charl’t’n,&c
Florida, &o.
New York..
Boston........ 2*349
Baltimore..
Total........

2,349

Total 1893-4

41

18,085 2 IO»
2,718
'*53
765
" * 1*6
* 1*6 3,906 2*3*81
2,349 3,841
........
16 2,365 29,315 4,542
28

Oottn
Mid
Uplé

d
4*8
414
4H
4H
414
4*16

20 193
" 2/771
765
6,287
3,841

771
"Ü 26Í
” “ 27 4,172

......

......

33,857

798 32,093

69 27,033 3,564 30,597

577 17,488

A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations Feb. 23 at Savannah, for Floridas, common,
8c.; medium fine, i l ^ c . ; choice, 15^c.
Charleston, Carolinas, medium fine, 22c. to 24c.: fine. 38c.;
extra fine, 30c. to 35c.
E x c h a n g e s .—The following exchanges have been made
during the week:
30 pd. to exoh. 2,100 Moh. for Oot.
•25 pd. to exoh. 900 Meh. for Sept.
13 pd. to exoh. 1,300 Moh. for .1’ ne.
•12 pd. to exoh. 700 Moh. for J’ ne.
■08 pd. to exoh. 3,600 Mch. for May.
01 pd. to exoh. 100 Moh. for Apr.
•35 pd. to exoh. 200 Moh. for Nov.
•20 pa. to exoh. 300 Mch. for Aug.
•19 pd. to exoh. 300 Moh. for Aug.
•03 pd. to exch. 200 Moh. for Apr.
11 pd. to exoh. 1,800 Meh. for J’ne.
•06 pd. to exch. 100 Sept, for Oot.
2 1 pd. to exoh. 6 )0 May for O ot
•08 pd. to exoh. 1,000 Feb. for May.
14 pd. to exoh. 700 Moh. for July.
•18 pd. to exoh. 1,500 Moh. for Aug.
•10 pd. to exoh. 400 May for Aug.
•07 pd. to exoh. 6,000 Mch. for May.

•23 pd. to exoh. 100 Moh. for Sept.
•28 pd. to exoh. 3.400 Mob. for Oot.
•17 pd. to exoh. 5,200 Moh. for Aug.
*14 pd. to exoh. 100 July for Oot.
•11 pd. to exoh. 600 May for Aug.
•13 pd. to exoh. 300 Moh. for July.
•27 pd. to exoh. 4,900 Moh. for Oot.
•22 pd. to exoh. 600 Moh. for Sept.
12 pd. to exoh. 300 Moh. for July.'
•04 pd. to exoh. 200 July for Aug.
16 pd. to exoh. 4,200 Moh. for Aug.
•09 pd. to exoh. 3,000 Moh. for J ’ ne.
•10 pd. to exoh. 1,200 Moh. for J’ne.
08 pd. to exoh. 4,600 Moh for May.
•33 pd. to exoh. 1,500 Moh. for Nov.
•05 pd. to exoh. 500 Moh. for May.
•20 pd. to exoh. 300 May for Oot.

J u t e B u t t s , B a g g in g , & c . —There has been practically n o
demand for jute bagging during the week under review, the
season’s trade being over. Quotations are unchanged at 4J^c.
for 1% lbs., 4)^o. for 2 lbs. and 4%c. for standard grades in a
jobbing wav. Car-load lots of standard brands are quoted at
4)^c. for \% lbs., 4%c. for 2 lbs. and 5c. for 2% lbs. f. o. b. at
New York. Jute outts have been very dull at lj^o. on
the spot.
E x p o r t s o f C otton G oods f r o m G r e a t B r it a in . —Below
we give the exports o f cotton yarn, goods, &c., from Great
Britain for the month of January and sinoe October 1 in
1894-95 and 1893-94, as compiled by us from the British Board
of Trade returns. It will be noticed that we have reduced
the movement all to pounds.
YamJcThread.

Cloth.

lota l o f All.

000« omitted.
1894-05 1898-94 1894-93

1893-94 1894-95 1893-94 1894.05

1893-94

Yds.
Lbs.
Lbs.
423,298 91,444 80,418
408,951 84,396 77,674
437,562 81,665 83,108

Lbs.
115,517
107,330
102.949

Lbs.
101,397
99,952
101,122

Tot.Iat quar. 68,291 61,271 1,367,353 1,269,814 257,505 211,200

325,706

302,471

112,513

106,930

444
7,838

467
6,594

446,619

416,462

libs.
Lbs.
October....... 24,078 20,979
N ovem ber... 22,934 22,278
D ecem ber... 21,284 13,014

ia n o s v y ......

25,032 19,931

Yds.
485,56»
448,142
433,642

465.164

461,951 87,491 86,999

StookinK* and sock*......................................................
8 an dry a rticle«................................................................
Total exports o f aotton m anufactures........

1894.
Oott’n
Mid. 32* Cop.
Twist.
TTpldt
d.

S e a I s l a n d C o t t o n Mo v e m e n t . — We have received thi*
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (February 22) and since
Sept. 1, 1894, the stocks to-night, and the same items for the
corresponding periods o f 1893-94, are as follows.

The exports for the week ending this evening reach a -total
Feb. 21, ’95 Feb. 22, ’94. of 2,365 bales, of which 2,349 bales were to Great Britain, 16
to France and — to Reval, and the amount forwarded to
Feet.
Feet.
Northern mills has been 798 bales. Below are the exports
34
12*4
1-6
29-1
for the week and since September 1 in 1894-95 and 1893-94.

I n d ia C o t t o n M o v e m en t F r o m a l l P o r t s .— The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to February 21.

*94-5
16,000 16,000
2,000 81.000
*93-4 7,000 14.000 21,000 20,000 221,000
'92-2
7,000 7,000
9,000 231.000
’ 91-2 3,00*0 11.000 14,000 13,000 127.000

357

The foregoing shows that there has been exported from the
United Kingdom during the four months 446,619,000 lbs. o f
manufactured cotton, against 416,463,000 lbs. last year, or an
increase of 30,157,000 lbs.
A further matter o f interest is the destination of these
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
countries daring January and since Ootober 1 in each of the
last three years:

THE CHRONICLE

358

BXPORT8 OF PIECE GOODS AND YARNS TO PRINCIPAL. COUNTRIES II»
JANUARY, AND FROM OCTOBER 1 TO JANUARY 31.
Oct. 1 to Jan. 31,

January.

Piece Good*—Yards.
(000« omitted.)

1895.

1894.

1303.

1894-95. 1893-94. 1892-93.

East Indies ............................. 214.16« 226.159 155.791
Turkey, Egypt and A frica... 81.«10 57,015 45.844
China and Japan..................... 48.471 47.461 57,560
Europe (except Turkey)........ 24,768 27,177 27,384
South A m erica........................ 50.209 44.4H4 46.320
North Am erica ...................... «2.893 28.356 30.313
A ll other cou ntries................ 32,847 80.470 21,064

889,71«
286,609
133,082
84,207
207,419
117,031
114,451

871,559
240,803
147,479
106,021
158,689
100.166
107,049

680.411
212,882
204.019
96,772
236,947
104.985
86,448

Total yards........................ 465.164 461,951 384.29« 1.832.517 1,731.765 1.622.464
Total va ln e ........................ £4,272 £4,623 £3,968 £16.587 £17,075 £16,114

Yarns—Lb*.

(000s omitted.)
H olland.....................................
Germany................... ...............
Oth. Europe (except Turkey)
Bast Indies...............................
China and Japan.....................
Turkey and E gypt..................
A ll other countries.................

2,573
2,445
2,699
3,031
1,921
1,918
671

12,44«
15,691
18,291
17,639
7.418
9,272
6,425

14,285
9.837
18.0-3
15,527
9,673
8.417
3,380

12,441
10,481
13.833
13,646
9.259
9.683
3,782

Total lbs.............................. 23.476 18,311 15,25«
Total va lu e ........................
1854
£796
£«97

87,1°4
£3 229

74.102
£3.268

73120
£3.111

3.177
3,694
4.8 L2
4.705
3.27«
2.093
1,719

8.643
2,420
2,761
4,226
2.109
2,168
084

East I ndia Cr o p .—The following is from the Bombay
Prices Current dated January 26:

[Vor.. LX,

Total bale»
Charleston—'To Ll^ernool, per steamer U ania, 4,521 upland
4,916
and 395 Sea Island....................................... , .......................
To Bremen, per steamer Glenvech, 9,073. ...
................ .
9,073
P ort R o y a l —To Liverpool, per steamer 8t. Panoras, 9 ,9 7 0 .... 9,970
N e w p o r t N e w s —T o Liverpool, per steamer Linda, 2 .o o i..........
2,001
Boston—To Liverpool, per steamers Angloman, 1,036 upland
and 692 Sea Island___Catalonia, 2,430 ...Lancastrian.
2,660 upland and 835 Sea Island__ Roman, 1,734 upland
and 306 Sea Inland............................... ...............................
9,693
Baltimore —To Liverpool, per steamers Baltimore, 2 ,0 2 4 ....
3,474
Sedgemore, 1,450 ...........................................................
4,085
To Bremen, per steamer Weimer, 4,085........ ..........................
To Rotterdam, per steamer Delano, 700.................... ..............
700
T o ta l.............................................................................................. 110,489

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

Rotter- Oporto,
Bremen dam <£ BureeHull <t
i6 Ham- Ant- Iona dk
Liver- Manoerp. Oenoa.
pool. ehester. Havre. burg. %
New York. 9,416 2,166 1,012 3,168
800
748
N. Orleans. 5,950
3,465
_,
Galveston.. 17,508
8,211
Mobile.. ..
5,794
Brunswick 6,034
-n-T
Charleston. 4,916
9,073
__,
Port Royal 9.970
N’D’t News 2,001 ........ ........ ......... ......... .........
Boston..... 9,693
Baltimore..3,474 ........ ......... 4,085
700 .........

Japan
and
Yera
Orna.
Total.
250 19,160
9,415
25,717
1,457
7,251
6,034
—r-»* 13,989
9,970
2,001
.........
9,693
8,259
........

Beyond 10 cents at Delhi, in the Bengal circle, where the weather
continued showery, no rain fell over any part of the cotton area from
last Thursday to the dispatch of the usual telegrams this morning. In
the Bengal circle, however, except in the Cawopore district, where the
Total. . . . 68.960 2,160 1,012 30,331 1,443 4,265 1,707 110,489
weather had become bright, with no sign of rain, it was still cloudy
Below we add the clearances this week of vessels carrying
and unseasonable; but in all the districts of the Oomrawuttee and
Dhollera circles the weather was bright, with no signs of rain, and at cotton from United States ports, bringing our data down to
Bhownugger, in (he latter, the cotton was ready for picking in some the latest dates:
places. At Broach there were cloudy intervals, strong easterly wind
and severe co'd; but the plants were still flourishing and in flower and Galveston—To Liverpool—Feb. 16—Steamer Kllmore, 5,270.
To Bremen—Feb. 21-Steam er Staroross, 7,308.
crop prospects were still good.
Yesterday morning’s telegrams from the districts reported a fall of Ne w O r l e a n s — To Llveroool—Feb. 16—Steamer Navigator, 4 ,7 0 0 ....
Feb. 18—Steamer Guido, 3,000....F eb . 20 -Steamer Nasmyth,
nearly half an inch'of rain at Cawnpore, in tne Bengal circle, where
2,900.
the weather was still steady; but in other parts of that circle, as well
To H avre-Feb. 21 -Steamer British C own, 5,444.
as in the Oomrawuttee, Broach and Dhollera circles, the weather was
To Antwerp—Feb. 16 —Steamer Cayo Mona, 2,800.
generally bright and seasonable, while the plants were showing bolls in
To Barcelona-Feb. 16 Steamer Miguel M. Plnillos, 1,700.
the Wudwan and Bhownugger districts of the Dhollera circle, and at
To Genoa—Feb. 16 - Steamer Miguel M. Plnillos, 1,533....F e b . 2 1 Broach.
Steamer British Prince, 4,328.
The final for 1894 on the cotton crop in the Punjaub was Mo b il e —To Liverpool—Feb. 22—Steamer Huntoliff, 7,275.
Savannah—To Brem en-Feb. 1 9 -Steamer Lobelia, 7 ,9 55 ....Feb. 2 1 issued under date of Calcutta, Jan. 23, as follows:
Steamer Feliciana, 6,961.
The cotton orop of the Punjaub in 1893 was the best which had ooTo Barcelona Feb. 16 Steamer Federation, 6,912.
ourred for many years. The orop of this year exoeeds that of last year C harleston
—To Gottenburg Feb. 21—Bark Garfield, 2.125
both in area and out-turn.
Norfolk —To Hamburg-Feb. 20—Steamer Bruxelles, 700.
The area o f the cotton orop was estimated in the forecast of Au­ B
oston—To Liverpool-Feb. 1 5 -Steamer Sachem, 2,195.upland and
gust at 5*3 per cent above that of last year. In the forecast of October
822 Sea Island....Feb. 18—Btea ner Sagamore, 2,6 53 ....Feb. 19—
it was estimated at 5'6 per cent above the area of 1893. This report
Bostonian, 2,189.
puts the area at 18*6 per cent and the out-turn at 15*5 per cent above B a l t iSteamer
m o r e —To Liverpool -Feb 16—Steamer Queensmore, 1,438.
that of last year, and 43*2 per cent and 43*4 per oent above the nor­
To London - Feb 2 0 -Steamer Men antic, 2o0.
mal area and outturn respectively. The total area is estimated at
To Rotterdam Feb. 15—Steamer Ohio, 401.
1,124,500 acres, against 948,300 acres in 1893. The normal area is
To Antwerp—Feb. 11 Steamer Norse King, 800.
785.100 acres. The total out-turn is estimated at 231,997 bales,
Below
we give all news received to date o f disasters to
against 200,898 bales last year, the average out-turn per acre being
83 lbs., against 85 lbs. last year.
vessels carrying cotton from United States ports, &c.:
On the whole, therefore, though it fell very far short of its early
promise, the crop must be considered a good one and very much better Cafe C o rrientes , steamer (Br.), at Havre, from Galveston. After part
of ea'go had been discharged fire was discovered in the hold.
than what the province has been accustomed to for some years past.
About 2,000 hales of ootton damaged by fire and water.
With the exception of last year, the cotton crop of the province has
G
anges
, steamer (Br ), from New Orleans fur Havre, vU Coroubion,
been singularly unluoky for several years.
Spain, having broken her propeller and being towed back to
The price of cotton in the Delhi district was 9 seers per rupee In DeCoroublon
whence she was to be towed to Havre, Is hopelessly
eember, 1893, and it continued at that figure until March, when it rose
adrift. While she was being towed f or Havre her hawsers broke
to 8 seers. It remained at 8 seers until November, 1894, and then fell
during
a
heavy
storm oft Cap» Uihaat, and the Ganges disap­
to 10 seers. In Amritsar It was at 10 seers in December, 1893, rose
peared. She was towed Into Queenstown, Feb. 21, by steamer
once to 9 and fell to 11 In November 1894, and is now at 10 again. It
Sargasso
(Br.).
from
Belize via Norfolk for LI rerpool.
has practically stood at 10 seers with trifling variations throughout
V e r a x , steamer (Be.), from Mobile for Liverpool, which arrived at
the year. The price ruled distinctly lower than In the preceding year.
Queenstown Feb. 17, reports while at sea a flee broke out on board
iu No. 5 hold; water was pumped in and it was quickly extin­
T hh F o l l o w in g a r e t h e « r o s s r e c e i p t s o f c o t t o n at
guished. About 80 bales of cotton were more or less damaged,
New Y ork, Boston, Philadelphia and Baltim ore fo r the past
mostly by water.

week, and since September 1, 1894,
New Y

Receipts
from —

o r k

.

B

osto n

.

Ootton freights the past w eek have been as follow s:
Ph

i l a d b l p h ’a

l t im o r e

.

This
This
Minee
Sinee
This
T h ie
Sines
Sinee
w eek . Sept. 1. w eek. M ep t.l. w e ek . M e p t.l. w eek. Mept. 1,

*••#•••• ......

N. Orleans... 10,408 321,277
Savannah...
Mobile.......
Florida.......
So. Carolina
No. Carolina
Virginia....
North, ports
Tenn., ¿sc...
Foreign......

Ba

3,593
3,895

183,140
191,748

43S
708
1,856

10,434
46,045
12,347
62,259

3,030
207

107,033
8,214

2,170

7,041
68,217

.....
6,208
1.691
1,039

>4,637
285,446
48,955
22,688

Total....... 33,105 942,747 11,108
Last year.... 26,669 839,701 9,009

476,981
339,553

•....

7,073

.......
650

1,825

120

669
7,877
70,046

1,063

65,630

....
723

07,420

8,983

02,425

1,114

96,490 10,769

225,475

1,147

52.249

175,207

344

5,786

S hippin g N e w s .—The exports o f cotton from the United
States the past week, as per latest mail returns, have reached
110,489 bales.
Total balé*.
Liverpool, per steamer Cevio, 9,416.................. 9,416
To Manchester, per steamer Olbers, 473.................................
473
To Hull, per steamer Francisco, 1,693..................................... 1,693
To Havre, per Bteamer La Gascogne, 1,596 upland and 16
Sea Island.......................; ......................................................... 1,612
To Bremen, per steamers Saale, 369__ Wittekind, 1,746... 2,115
To Hamburg, per steamers Dania, 943 ...Taormina, 110... 1,053
To Antwerp, per steamer Westernland, 748............. .............
748
To Oporto, per steamer Pontiac, 800 .. .................................
800
To Yokohama, per steamer Achilles, 2 5 0 ........................... .
250
N e w O r l e a n s — To Liverpool, per steamer Floridian, 5,950.......
5,950
To Barcelona, per steamer Spanish Prince, 1,752.................. 1,752
To Genoa, per steamer SDanlsh Prince, 1 ,7 1 3 .......... ............ 1,713
G a l v e s t o n — To Liverpool, per steamers Bendl, 9,241
Spiingwel), 8,265.................................................................................. 17,506
To Bremen, per steamer Deramore, 6,416.............................
6,416
To Hamburg, per steamer Lizzie, 1,795................................
1,795
M o b i l e — To Bremen, per steamer Beresford, 5,794...............
5,794
To Yera Cruz, per steamer Kavensdale, 1,457......................... 1,457
B r u n s w i c k — To Liverpool, per steamer Inishoweq Head, 5,939
upland and 95 Sea Isla n d ..................................................... 6,034
H e w Y o r k —T o




Satur.

Mon.

Tut».

Wtdnts. Thur».

Fri.

:
Liverpool, steam.d
781
764
764
764
76i
... .
. .. .
. .. .
....
....
f
Manchester........ d.
•
31ist
31ist
H a v r e .............. e. 31i«t
31»st
311st
... .
....
... .
:
... .
Do
later.......d.
:
Bremen...............c.
*8
*8
's
... .
....
....
....
;
....
Do
la ter., .d.
Hamburg, steamd.
*e
1«
'S
c?
....
... .
... .
....
....
Do
later., d.
TS
33
25t
251
251
251
Ams’dam, steam.«.
25t
o
w
Reval..................d.
316
3ia
3ia
*16
316
.... 1 ....
....
....
....
Do ................ ,d.
....
:
....
....
....
... .
B’lona,10th Feb.eZ.
;
Genoa.................d.
532
632
532
632
632
....
....
....
Do
Feb’ary.d.
....
....
»
Trieste, Mch. 5 ..d. a3128
33128
a3128
23128
83128
\
Antwerp,steam .d.
'S
'S
t Cents net per 100 lbs.
L i v e r p o o l . —By cable from Liverpool we have the follow ing

statement of the week’s sales, stocks, &c., at that port:
Feb. 1.
dales of the week...........bales.
Of which exporters took ...
Of whloh speculators took ..
Sales American...................... .
Actual export.................. ........
Forwarded..................................
Total stock—Estimated........ .
Of whioh American—Estim’d
Total Import o f the w e e k ......
Of which A m erican .......... .
Amount afloat........................ .
Of whloh American...............

Feb 8.

Feb. 15.

Feb. 22.

63.000
53.000
56.000
54.000
2,600
1,900
2,500
2,700
6,000
4.000
1,100
1,600
56.000
49.000
50.000
47.000
6.000
10.000
9,000
9,000
74,000
59.000
72.000
68.000
1 ,589,000 1.609.000 1.674.000 1.784.000
1,440,000 1.462.000 1.516.000 1.630.000
198.000
97.000 131.000 193.000
85.000 112.000 183.000
178.000
397.000 40 ¿,000 347,000 222.000
395.000 400,000 3 45,000 220,000

The tone of the Liverpool market for spots and futures each
day of the week ending Feb. 23, and the daily closing prices,
of spot ootton, have been as follows*

THE

February 23, 1895,1
Spot.
Market, \
1:45 p. m . J

Saturday Monday. Tuesday. Wednes. Thursday

Friaa

Quiet and Harden’d.
firm.

Fair
demand.

Firm.

Harden’d.

Mid.Upl’ ds

3

3% 2

3x32

31 s 2

Bales.........
Speo. dt exp

8,000
8,000

8,000
500

8,000
500

12,000
1,000

Futures.
Market, \
1:45 p. m . \

859

CHKOMCLE

Steady.

3I 32

3I 32

12,000
1,000

10 000
1,000

realizing sales caused most of the advance to be lost. Thespot market was firmer but quiet. The sales include steamer
mixed at 49^@49%c. delivered and steamer yellow at 48%@
49J£c. in elevator.
D A IL Y CLOSING PRICES OF NO. 2 M IXED CORN.

Sat
February delivery.......... o. 48
May delivery................... o. 48%
July delivery.................c . 48%

Mon.
4838
4838
49

Tues.
48's
48%
48%

Wed.
48%
48%
49

Thun.
48%
49
49%

F ri.
►
»■
?
A

Oats for future delivery have been quiet, and in the absence
of new features of importance the changes have been unim­
portant. In the spot market business has been moderately
Barely
Market, ) Quiet and Quiet but Steady.
active and prices have been firm, particularly for the white
Quiet.
—
steady.
steady.
steady.
4 P. M. (
grades. The sales Wednesday included No. 2 mixed at 33^0.
The opening, highest, lowest and closing prices o f futuifs in elevator and No. 2 white at 37^c. in elevator. To-day tne
at Liverpool for each day are given below. Prices are on market was quiet but steady. The spot market was moder­
the basis o f Uplands, Low Middling clause, unless otherw se ately active at a shade higher prices. The sales included No.
2 mixed at 33%c.@34^$c. in elevator and No. 2 white at 37J<j0
stated:
C f * The pricet are given in pence and Ohths. Thus : 2 63 meat s 38c. in elevator.
Quiet

Steady at
1-64 ad­
vance.

Quiet.

Easy at
partially
1-64 deo.

Quiet.

Quiet.

2 63-64d. and 3 01 meant 3 1-64<J.
B a t ., F e b . 1 6 .

Open mori Lou
February...
Feb.-M ch..
M oh.-April.
A p ril-M ay..
M ay-June..
June-July..
J u ly -A u g...
A u g.-S ep t..
S e p t.-O ct...
O ct,-N o v _.,
N ov.-D ee...
Deo. -Tan..

a.

d.

2 61
261
3 62
2 63
3 00
301
3 03
304
3 05
3 07
3 08

2 61
2 61
2 32
2 63
3 00
8 01
3 03
3 04
3 05
3 07
3 09

d

Olot
d.

2 61 2 61
2 61 2 61
2 62 2 62
2 63 2 63
3 00 3 00
3 01 3 01
3 03 8 03
3 04 S 04
3 05 3 05
307 3 07
3C8 3 09

Op«ft Hit: Lou

T n e e .. F e b . 1 9

Olot

d.

d.

d.

d.

2 63
2 63
3 00
3 01
3 02
3 03
3 05
3 06
3 07
3 09
3 10

2 63
2 63
300
3 01
3 02
3 04
3 05
3 06
3 07
3 09
3 10

2 62
2 62
2 63
3 00
3 01
3 03
3 04
3 05
3 07
3 08
3 09

2 62
2 62
2 63
3 00
3 01
3 03
3 04
3 05
3 07
3 03
3 09

Opes B W
d.

Lose Oíos.

d.

d.

2 63 2 63 2 63
2 63 2 63 2 63
2 63 2 63 2 63
3 00 3 01 3 00
3 01 3 01 3 01
3 03 3 03 3 03
3 04 3 04 3 04
3 05 3 05 3 05
3 07 3 07 3 07
3 08 3 08 3 08
3 09 3 09 3 09

...
W e d ., F e b . 2 0 .

Opts Hi Q. Uoi
February...
Feb.-Mch.
M ch.-April.
April-M ay..
M ay-Ju ne..
June-July
July-Aug..
A u g.-S ep t..
Sept.-Oct.
Oot.-Nov..
N ov.-D ec...
Deo.-.Tan.. .

D A ILY CLOSING PRIORS OF NO. 2 M IXE D OATS.

¡H o n ., F e b . 1 8

d.

d.

2 63
2 63
2 63
3 00
8 02
3 03
3 04
306
3 07
3 08
310

2 63
2 63
2 63
3 00
3 02
303
3 01
3C6
8 07
3 08
310

jpet Hit. Lou

1
2 63
2 63
2 63
3 00
3 02
3 03
3 04
306
3 07
3 08
3 09

2 63
2 63
2 63
3 00
3 02
3 03
3 04
3 06
3 07
308
3 09

Frl.,

T h a n ., F e b . 2 1

2 61
2 61
2 61
2 63
3 00
3 01
3 03
3 01
3 05
3 07
3 08

d.

d.
2 63
2 68
2 63
3 01
3 01
3 03
3 04
3 05
3 07
30 8
3 09

Feb. 22

Olot

i.

d.

2 61 2 61 2 61
2 61 2 61 2 61
2 61 2 61 2 61
2 63 2 62 262
3 00 3 00 3 00
3 02 3 01 3 01
303 3 02 3 02
3 04 304 3 04
3 06 3 05 3 05
3 07 3 07 3 07
3 08 3 08 3 08

Sat.
33%
33%
33

February delivery.
March delivery.......
May delivery...........

Mon.
33%
33%
33%

Wed.
33%
33%
33%

Tues.
33%
33%
33%

Thurs.
33%
33%
33%

Rye has sold slowly but prices have been without change
and steady. The demand for barley has been quiet but price»
have been steady.
FLOUR.

Flue................. # bbl. $1 85®$2 10 Patent, w in te r ....... $2 80®$3 10S u p e rfin e ............. 2 00® 2 20 City mills e x tra s.....
3 10
Extra, No. 2 .............. 2 15® 2 25 Rye flour, superfine.. 2 55® 2 90
Extra.No. 1 . . . .......... 2 25® 2 40 Buckwheat flou r,.... 1 6 0 ® 1 7 0
Clears............. . . . . . . . 2 40® 2 60 Cora meal—
Straights.................... 2 60® 3 35
Western, &o............ 2 70® 2 85
Patent, spring........
3 30® 3 80
Brandywine. .......
2 90
[Wheat flour in saoks sells at prices below those for barrels.]
GRAIN.

e.
55 ®
57 ®
52 ®
65 ®
33%®
36 ®
33%®
37%®

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

©

Corn, per bush—
e.
e.
West’ n m ixed.. . . . . 4fl ®
69
No. 2 mixed.......... 49%®
53%
60
Western yellow ... 46 ®
Western White___ 47 ®
68
35% Rye—
42
Western, per hush. 51 ®
34%
State and Jersey............ ®
38% Barley—No.2 West’n 64% ®
lítate 2-rowed................. ®
State 6-rowed................. ®

0.
51
90%
51
hi
SB
65
»sismes

The movement of breadstuffs to market as indicated in the
statement below is prepared by us from the figures of the
New York Produce Exchange. We first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Feb. 18, 1895-,
and since August 1, for each of the last three vears:

<D
©
c

Receipts at—

Wheat.

Flour.

Corn.

Oats.

Rye.

Barley.

Bbls.WOlbs Bush.00 lbs Bush. 56 lbs Bush.32 lbs Bush.iS lbr Bu. 56 lbs
Chicago.........
Milwaukee...
D uluth... ..
Minneapolis.

B R H A D ST U F F S.

67,893
13,500
10,160

51,279
96,220
237,460
577,860
37,600
13,695
56,179
19,663
12,000
1,101

615,177
40,050

710,610
129,000
4,335

275,080
115,841
2,071

49,34»
20,210

26,100
F r i d a y , February 22, 1895.
49,300
1,024
1,500
3,500
Nothing ©f interest has transpired in the market for wheat
3,045
33,147
81,140
Detroit..........
13,459
flour. Buyers have been quite indifferent and would only Cleveland....
26,753
9,470
42,130
trade at decidedly lower prices, but as holders have shown no It. L o u is .....
1,400
15,440
104,500
21,750
133,065
disposition to make important concessions trade has been Peoria............
4,950
348,170
2,400
225,500
50,700
slow. For rye flour the demand has been slow, but prices Kansas City.
have been steadily held. Buckwheat flour has had a slow T o t.w k,’£6.
1,103,057
1,103 262
1,218.705
121,982
494,900
76,85»
call, but supplies have been coming forward slowly and prices lam e wk,’94.
2,945 922
1,695,880
1,204,255
142435
638,007
31,135
have been without change and steady. Cornmeal has been lam e wk,’93.
2,607,500
2,901,048
1,417,018
208,406
514,242
86,570
quiet, but steady. Yesterday the market for wheat flour was Bines Aug. 1.
quiet but steady. To-day is a holiday.
1894-95.......
7,518,420 110,812,667 48,180,002 53,045.523 26,698,93« 1,688,896
Early in the week the speculative dealings in wheat were
1893-94.....
7.545,062 115,709 119 97,888,135 72.381,948 23,l-i9,935 2.431,598
1892-93.......
8,182,675 180,600,058 74,980.855 68,257 082 23,430,228 5,914,113
quiet and prices sagged off a trifle under free offerings
prompted by an increased movement o f the crop at the North­
The receipts of flour aud grain at the seaboard ports for the
west and dull and easy foreign advices, but subsequently re­
ports of unfavorable prospects for the growing French crop week ended Feb. 16, 1895, follow :
Flour,
Wheat,
Com,
Oats,
Barley
Rye,
and the enermous subscription to the gold bonds stimulated a
Receipts at—
, bbls.
bush.
bush.
bush.
bush.
87,750
17,550
04 500
1.25«
demand from shorts to cover contracts and prices advanced. New York................... 01,873
Boston.........................
17,680
2»,545
95,« U
18,305
S.& d
In the spot market shippers have been moderate buyers at Montreal....................
2,153
.............
500
13,4 77
.............
36,750
100,667
5'.014
7,200
about steady prices. The sales Wednesday included No. 2 red Philadelphia............. 18,777
64,600
67,697
18,126
85,214
.............
* 1,890
winter at l% c. under May in store and % c. over May f. o. b. Baltimore...................
Richmond... ...........
1,450
20.000
5,000
20,000
.............
5,851
149,778
600
8,175
.............
afloat. Yesterday the market was firmer during early change New O rle a n s...........
in response to stronger foreign advices accompanied by some
Total week......... 1«2,384
391,520
238,055
248.733
15,290
89,187 810.811
163,097
109.575
buying orders, but later realizing sales by longs caused a Week 1894................. 220,285
reaction. The spot market has been quiet but steady. The
The total receipts at ports named iu last table from Jan. 1
sales included No. 2 red winter at l% c. under May in store.
to Feb. 16 compare as follows for four years:
D A ILY CLOSING PRICES OF NO. 2 RED W IN TER W H EAT.

Sat.
February delivery_____ e. 56
March delivery................o. 56%
May delivery....................o. 57%
June delivery................e. 57%
July delivery.................. ¿. 58%
August d e liv e ry ............ o. 58%
September delivery__ c. 58%
December delivery...... c. 61%

Mon.
56
56%
57%
57%
58%
58%
58%
61%

Tues.
56
56%
57%
___
58%
58%
58%
61%

Wed.
56%
57
58%
58%
58%
58%
59%
61%

Thurs.
56%
57
58%
58%
58%
58%
59%
....

Receipts of—

Fri>
:
:
¡J
S
¡2
w.
:

Flour..................... bbls.

1895.
1,710,177

1894.
2,290,298

1893.
2,044,174

W h ea t................ hush.
Corn................................
O ats................................
Barley............................
Rye..................................

2,350,928
8,184,894
3,308,0'0
659,617
56,664

2,329,819
13,593,448
3,889,813
989.125
25,683

4,703,383
5,372,0‘ 7
4,874,998
1,397,426
93,648

Total g r a in ...........

9,462,183

20,798,886

16,441,452

1892.
2,630,902
91837,894
26,220,416
7,180,843
1.631,545
1,017,214
45.817,942

The exports from the several seaboard ports for the week
The trading in the market for Indian corn futures has been ending Feb. 16, 1895, are shown in the annexed statement:
P ea s.
Oats.
Rye.
Wheat.
Flour.
Com.
quiet, and during the first half of the week the market was
bush.
bush.
Exports from —
bush.
bush.
bbls.
bush.
2,114
2,717
133.030
63.650
easier under liquidating sales, prompted by an increasing New York..............
900
Boston.....................
60,844
24,237
movement of the crop, but later there was a slight advance, in Portland..................
21,712
150
27.38J
11,354
8,571
sympathy with the improvement in wheat. The spot market Philadelphia.........
............
43,326
Baltimore...............
171,857
has been dull but steady. The sales Wednesday included New
63
1,108
Orleans......... . 35,700
61
— ........
steamer mixed at 49c. delivered and steamer yellow at 49j^@ Norfolk ................
45,524
Newport News....... .
76,000
Í28.671
.............
49%c. delivered, To-day the market was stronger early on M o n t r e a l............
•••e. . . .
buying by “ shorts” to cover contracts, stimulated by the im­
189,355
3,680
........
23,326
Total week........... . 763193
provement in wheat and firmer foreign advices, but later Same
179,589
27,300
.............
23,330
tim e 1894___ . 010.105 Ä




360

THE CHRONICLE.

[VOL. L X .

The destination o f these exports for the week and since without change in prices, but some low quotations have been
Septal, 1894, is as I t low. W e add the totals for the corres­ made by jobbers on certain leading lines.. Brown drills and
ponding periods of last year for comparison:
ducks dull for both home and export trade. Brown osna-Flour.
burgs dull and irregular in price. In bleached shirtings there
Bscports Jor
Week
Week Sines Sept.
Since Sept.
Week Sines Sept,
has been some trading in fine grades, and New York mill»
•week and since Feb. 16.
1.1894.
Feb. 16.
1,1894.
Feb. 16.
1. 1894.
Sept. 1 to—
bush.
bush.
bbls.
bush.
bbls.
bush.
4-4 bleached reduced % c. to 9% c., although stocks reported in
»United Kingdom 151.891
544.179 18,914.695
431,053 5.67 >.6 '2
4.248.04?
good condition. In medium grades business is quiet on pre­
2.319,035
Continent............
12 981
6.176.308
89,505
680,723
219,017
113.795 vious basis and low grades slow and irregular.
6 . & C. America..
51
5.655
612.9 LO
7,048
Wide sheet­
220.577
W est Indies........
5.146
8,598
16.762
553.315
35,456 ings continue inactive throughout, and cotton flannels and
Brit. N. A . Col’s.
1,491
205,621
2.870
20,241 blankets slow.
Other countries..
893
574
17,732
50,718
Kid finished cambrics dull and easy, silesias,
8.385.796 percalines, twills, sateens and finer grade linings in moderate
T o ta l.................. 189.355 6.316.943
530.104
763.196 23.157,684
Total 1894............ 179.589 6.291,738
610,705 25.435,083 1,956,234 27.073.664 request.
White goods steady, with fair re-orders. Denims
The visible supply of grain, comprising the stocks in granary are quiet and irregular, as are other colored cottons. In
Kt the principal points of accumulation at lake and seaboard printed fabrics the demand has run more on the finer grades
«ports, Feb. 16, 1895, was as follows:
than on fancy calicoes or other regular prints, In the former
Barley
Rye,
_
Wheat,
Oats
a fair and in the latter a moderate demand reported. Ging­
Com,
I n »tore at—
bush.
bush.
bush.
bush.
bush.
hams have been without special feature other than the going
83.000
New York....................... 8,33 ’,,000
643.000
564,000
337,000 into effect of the new policy and prices in Amoskeag products,
Ho
afloat........... 1,877,000
5 6,000
4Ì.OOÒ
15,000
A lb a n y ..........................
118,000
78.000
Print cloths have been dull all week;
69S.OO0 referred to last week.
Buffalo........................... 3,5^6.000
75,000
41.000
143.000
19.4,000
14.000 buvers have withdrawn, and manufacturers are now willing
Do
afloat.........
3i *,000
684,000
31,000
C hicago......................... 35,420,000
1.049.000
109,000
4,37-1.000
sellers at 2 9-16c. for extras, the price they were refusing last
Do
afloat.......... 1,437.000
858.000
1,318,000
90,000 week.
M ilw aukee....................
6» 1,000
6,000
4,666
Do
afloat.............................
»Duluth..........'............... 0,600.000
Do
afloat..........
85.000
Toledo............................ 2,762,000
337,000
Do
efleat...........
D e tro it........................ 1,808,000
Do
afloat.........
257,000
Oswego...........................
36,000
St. Lonls....................... 4,196,000
Do
afloat...............................
Cincinnati.....................
B oston........................... 650,000
Toronto.........................
«3,000
Montreal.......................
660,000
Philadelphia................
265,000
(Peoria......... ..................
2i»P,000
105.000
»Indianapolis................
»Kansas City.................. ,
Baltimore.....................
703,000
Minneapolis................. 16,651,000
•9t. P a u l............................................
On Mississippi River...................
In Lakes.........................................
Jn canal and rlre r...
47,000

1,000

579,000

870,000

3,000

1895.
Stock o f Print Cloths—
Feb. 16.
At Providence, 64 squares................. 86,000
At Fall River, 64 squares................... 23,000
At Fall River, odd sizes................... 99,000

90,600

8,000

100,000

7.000

2,857,000

444,000

1.00Ò

8,000

2,000

65.000
22,000

Total stock (pieces)................

208,000

1894.
Feb. 17.
179,000
250,00*
58,000

1893.
Feb. 18.
None,
None.
None.

487,000

None.

W oolen G oods—The demand for heavy-weight woolens
and worsteds in trouseriDgs and suitings has been moderate
this week in the aggregate, but on the finer grades of fancies
2.000
5,000
quite up to the average. There has been a falling off in busi­
399,000
230.000
5,030
ness in medium and low qualities of fancies and staples in which
184,000
1022,000
191.000
7.006
the bulk of buyers havecompleted their preliminary purchases.
416.000
31,000
Reputable lines have all done well so far and a number of
71,000
8,000
46,000
them have been practically withdrawn from the market, sold
ahead for the season’s production; even in some high-prioed
60,000
fancies prices are steady as a rule, although an occasional
Total Web. 1 6 .1895..80.73 i.000
12.654.000
6.932,000
353,000
1,665,000 agent whose goods have moved slowly is easy to deal with.
Total Keb. 9.1805..82,322,000
12.883.000
7.136.000
1,738,000 Fancy worsteds and cassimeres appear to be in relatively better
364,000
Total Fob. 17. 1894..78.008.OOO
17.787,000
3.280.000
547,000
1,372,000
Tne demand for quick supplies
T o ta l Feb. 1 8 .1893..80.216,000
14.708.000
1.9» »8.000 demand this season than last.
6.687.000
917.000
'Total Feb. 2 0 ,1892..41.473.78S
3.689,735
10,033.217
1,901,108
1.624.692 of light weights continues large for the time of year.
There
has been no alteration in overcoatings and cloakings. Cottonwarp cassimeres, satinets and doeskin jeans quiet. Flannels
THE DRY GOODS TRADE.
dull, but more inquiry for blankets. Dress goods in fair re­
quest and generally firm in price in staple lines.
N e w Y o r k , T h u r s d a y , P. M ., February 21, 1895.
F oreign Dry G oods—There has been a decided improve­
The course of the market during the past week has revealed ment in the general demand this week. Individual opera­
more improvement in the jobbing trade than at first hands. tions are light, but there are a large number of buyers at
There has been an unusually large attendance of visitors, the work in dress goods, silks, ribbons, linens, hosiery, etc. There
bulk of whom have confined their attention to purchases from is considerable irregularity in prices, but all leading lines are
steady.
(Second hands, store trade in the primary market being com­
paratively light outside of operations by local houses, which Im p o rta tio n « a n d W a reh o u se W ith d r a w a ls o f D ry G oo d s
The importations and warehouse withdrawals o f dry goods
have been replenishing stocks more freely than of late in at this port for the week ending February 21, and since
spring cotton dres3 fabrics. The demand from traveling January
1, 1895, and for the corresponding periods of last
salesmen and customers direct through the mails has also im ­ year are as
follows:
proved somewhat for these goods, but is still backward for
gj
g
H 2
g
S
s
this stage of the season. The Western markets are buying
§ g*
»—S^E3
2 2O
S a3 8P
fairly, but the Southern demand, from bad weather and other
S 9 CcfO rt
t 2s
causes, continues disappointingly small. In staple cottons the
‘ Hi
!.* :* !& !
9 .
2 9
p; ©
S: : p : S
situation is without material change and still favors buyers in
p :
■
et
©
■
© : I • •
general tendency. The chief disturbing feature has been
o*
o*
•••H
H“
!
e
P!
:
©
m Q
price cutting on the part of leading jobbing houses here and
p: : : : 5
m• p :
« ®
2*
p :
•
©
elsewhere in prominent staple goods. Whether made for
Si!!©
g
effect on the primary market or from competitive motives is
»Ö•
: ; : ; I
not clear, but the influence is a disturbing one. Jobbers com ­
*hM M M M
p
t
o
plain of the instability of prices at first hands as an obstacle
toWtOOJW
00V- ! cocitore*
WtoV»QDM
O
»MW 05
CD
D0
-10-4
WW
wto i ©aito coot
to more confident operations on their part, but they are con­
W ^ )f*. w ^
C
tO00
Oi
M OD 1
to*
tributing in no small degree to prolong the condition they
W
tO
O
ltft
W
»complain of by sending broadcast announcements of one line
O
»
to
M
W
-4
or another selling way below cost. The operation of the re­
C*C*M©bx mVocnm
** COtO*-*
<
1CO ©
stricted price policy since Wednesday in the Amoskeag dress
00O'©CO-m
-5 Oi©COCD
M
M
^
O
O
W
-4
toMOT04
fabrics has relieved ginghams to a large extent from this
HH
drawback. Collections are generally reported fairly good,
although there are complaints of slow payments from the
t o * * to * * w
•South.
© © oV ^V i
©CDO'00©
GiCjJ TWCD
MWQD^bO
D o m estic C o t t o n G o o d s .—The exports of cotton good
OWCOCOi00©GOO'00
from this port for the week ending February 18 were 3,290
jO M **p p
tow
packages, valued at $138,145, their destination being to the
to^00 OCX)
to w V * * ^ o
C
OW o©w^>-*
points specified in the table below :
0^1
^J©
©CDO'GOCD
W M V i© © * o o o
1894
1895.
WWOOQO>01
-4 O'© ^
Ne w Y ork to F eb . 18.
tototoo <1
Qitb 01-40

21,000

165.000
198.000
18.000
190.000
292,000
292,000
94,000
289.000
249,000
599,000

23.000
181,000

6.000
10,000

109.000
1.000
32.000
2,000

imm
P: §

p

j

:T

1 5 4 ,3 8 7
1 1 9 ,8 9 6
1 2 8 ,8 8 8
9 3 ,0 7 5
2 8 ,9 3 3

5 2 5 ,1 7 9
1 ,9 1 6 ,7 1 1

1 6 ,3 2 8
1 9 4 ,1 6 9

T o t a l.............................
r iu iu

«U N

£ < u ^ l«u u u u u

52
30
1,727
50

.
415
22
82
2,527
16

300
135
25
159
494
51

950
469
17,972
1,654
3,309
703
3,419
285
908
5,124
337

3,290
—

21,615
1,000

3,023
—

35,130
5,390

2i,615

3.023

40,520

3,290
p v iu w

!

I

W u Ot^
©00 M
WtoCDOlO
CD CIO
M if*

©*-»
MCD
00p
tOCD
to Vl
too

OtOCOO)^

MtO

HDCOM O

H H tO Ä ®
© C D tO © W

O CD
C D<I

I-to I

©top w w
WOOC*M©
COG
Oto ©00

M tO tO * -0 0
W -4 O —4 tO
C D H O lffiH

M

00»
-401
CDp
VVtoo
WOO04
tOWOOW00
to*»* toco

wtop
to00V|
ocVi coil
OjsJHsJiU
0-4
o»© CD0*^3OOl

M~

O'*►tO00©

©WOW tO39

00©•’cobo ©

© MCD©*•
00-ImWW

»

;I V
CDb
rO r- <£>tO-4W
H fc0p£-O
dcd'W soo
I *00c?l o
0-4 Cjl O-Oi-MO
I oc* O CD-I H 00

MO»©*-OI

O' or toxco
tOO» X W

C*Q0C*©C*
O^-tO w ©

ifhCOCOOtO

to
►
**
to <1
VjTu m * - m m w
00-* <100CDCO0>
m m

v>v/v.

00 w
OQO

©#*

WOifkCDH
wbt~wa»V>

o»bJ<!-»*-

O C O M CO- 4

Ss

00©MCDW_

G oto

The value of the New York exports for the year has
h em $1,127,790 in 1895 against $1,793,514 in 1894.
In brown sheetings business has been Quiet at first hands




I

Total.................................
China, via Vancouver*,...

Week. Since Jan. 1.

461
238
3,595
413
3,828
2,062
2,620
4»>3
1,188
9,247
555

61
17
150

1 ,1 5 9 ,2 3 3
1 ,1 3 0 ,5 8 7
1 ,2 0 0 ,1 0 4
7 0 7 ,3 4 9 !
2 3 7 ,7 7 7

4 ,4 3 5 ,0 5 0
1 2 ,3 0 7 ,3 2 2

Week. Since Jan. 1.

-Great Britain............. .
Other European....................
-China.......... ....................... .
India......................................
A r a b ia ............................ .
A frica.....................................
West Indies............................
Mexico___________________
Central America...... ............
South A m erica ....................
-Other Countries...................

to

W tO C **^ p

V| I o © rf^OTM
CO ; W * k © 0 ^ 9

—
4 j p *3CD«Op
00 ©b»V|*Db*
© ! ©O'i^W'4
o 1 o^ oto*>

»I

THE CHRONICLE

F eb r u a r y 28, 1895.]

State

awp

City Pgf/tyTM£WT.

terms of subscription .

Commercial and Financial CHRONICLR con­
tains 4 0 to 6 4 pages, published every week.

State and City Supplement of CHRONICLE con­
tains ISO pages, published periodically.

may be said of a large proportion of the Jackson and Vernon
avenue and Boulevard improvement bonds—$573,500 —$343,000 o f which are payable by assessments laid on the property
benefitted. the city paying its proportion of grading and pav­
ing, only $230,500; it follows, therefore, that $343,000 of that
issue are assessment bonds and should not be considered or
figured as a portion of our bonded indebtedness. Binds issued
for the establishment of the water supply, amounting to>
$373,500, may be classed in the same category, being oarried
and maintained from bonds collected by tne water depart­
ment, the annual net earnings of which are to he used fo r
the retirement o f the same.
It thus appears that adding to the foregoing the tax or rev­
enue bonds, issue! for the non-payment of taxes, amounting
to $635,000, we have:

Investors’ Supplement of CHRONICLE (a Cyclo­
paedia of Railroad Securities) contains 1 6 0 pages, published
every other month.
__________
General improvement Ponds..... ............... ! ...................... .
Subscription to CHRONICLE for one year 6 1 0 .0 0 ,
which includes everv issue of both S u p p l e m e n t s .

Terms of Advertising—(Per inch space.)

361

Portion of Vernoo and Jackson avenues and Boulevard
provement bonds, $573,500...................................................
R venue bonds............................................................ ................
Water bonds............................................. ....................................

$516,000’
*
843 000
635',OOO
373,500

T ota l............................................................................ . ........... $1,867,500

This amount deducted from the total bond issue of
$3,033.500 would leave $1,166,000, as the general bonded in­
debtedness, or in other words indebtedness that can be liqui­
dated only by direct taxatiou ; consequently we are not within
half a million dollars of the constitutional, limitation of 10 per
The purpose ol tills State and City .Department cent of the assessed valuation, notwithstanding the allegations
is to furnish our subscribers with a weekly addition to and to the contrary.
continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other
To Pay Missouri’s Debt.—State Treasurer Stephens, State
words, with the new facts we shall give, the amplifications Auditor Siebert and Governor Stone have requested the Mis­
and corrections we shall publish, and the municipal laws we souri Legislature to appropriate V/i million dollars for the
shall analyze in the “ State and City Department,” we expect purpose of extinguishing the State debt.
to bring down weekly the information contained in the
S t a t e a n d C i t y S u p p l e m e n t to as near the current date as
Bond Proposals and Negotiations.—W e have re­
possible. Hence if every Subscriber will note in his S u p p l e ­
ceived through the week the following notices of bonds
m ent on the page designated at the head o f each item a
reference to the page where the item in the C h r o n ic l e can recently negotiated and bonds offered and to be offered for
be found, he will at all times possess a complete and fresh sale.

One tllne............................... $3 50 ITtiree Months (13 times)..$25 00
One Month
(4 times).. 11 00 Six Months
(26 times).. 43 00
Two Months
(8 times).. 18 00 |Twelve Months (52 times).. 58 00
(The above terms for one month and upward are for standing cards.)

cyclopaedia of information respecting Municipal Debts.

Albany County, N.
(C h r o n ic l e , vol. 60, page 268.)—
On February 15, 1895, the County of Albany sold $30,000 of
4 per cent registered bonds, $6,000 maturing at the rate o f
$!,000 yearly from March 1, 1896, to 1901, to the Troy S»vinos
Bank, at 101’65, and $6,000, maturing from 1903 to 1907. a t
103.%; $6,000, maturing from 1908 to 19L3, to George M.
Hahn, at 106, and $12,000, maturing March 1, 1914, at 108}£
Interest on the loan is payable semi-annually. The bonds are
issued to replace the same amount o f war loan bonds due
March 1, 1895.

Alabama’s Old State Bonds.—The Montgomery, Ala.,
A dvertiser says that there are outstanding about $250,000 of
the old State bonds which should be exchanged for new bonds
according to the terms of the debt settlement made during
Gov. Houston’s administration, in 1876. The holders of these
bonds will now have to present them or give up all claim on
the State, as a law was enacted by the Legislature just ad­
Allegheny, Pa.—(C h r o n ic l e , vol. 58, pages 649, 691, 744^
journed barring their collection unless presented for exchange 786 and 1081, and vol. 59, pages 37, 750, 889, 935 and 1155,'and
by the 1st day of July, 1896.
vol. 60, pages 51 and 189.—At the election held on February
Assessed Taluation o f Allegheny Connty, Pa.—The as­ 19,1895, the proposition to increase the city’s indebtedness by
the issuance of 4 per cent 20 30 year loans to the amount of
sessed valuation of Allegheny County, Pa,, has been increased $1,400,000 was carried by a vote of about six to one. The
about $20,GOO,000 this year. The total of real and personal proceeds of the issues will be used as follows:
property for 1895 is already figured at $465,501,895, and this For street improvements............... ................................. ......... $000,000
sewer improvements....................................................... .
20 4,000
amount will be somewhat increased when the Board of Revi­ For
For water improvements, extension of new plant........ . ..
400,000
sion has finished its work on the returns from some of the For condemnation of toilroadsand paying city’s oostof samo 300,000
country districts which are as yet unrevised. No further
T o ta l........................................................................................ $1,400,000
change is to be made in the assessment of the cities, and at
Altoona, P a.—(Chronicle, vol. 59, pages 200 and 244, and
present the rolls are summed up as follows :
vol. 60, page 51.)—It is reported that this city will vote on is­
suing $120,000 of electric-light bonds.
ASSESSED VALUATION OP ALLEGHENY COUNTY, PA.
’ .
1894.
Pittsburg............................................. $230,148,430
Allegheny........................................... 82,503,655
McKeesport....................................... 13,222,725
Boroughs............................................. 52,251,635
Townships........................................... 67,429,460

1895.
$244,171,270
82,900,-15
13,307,210
58,944,905
66,177,695

Benson, Minn — (C h r o n ic l e , vol. 59, page 804, and vol. 60,
page 268 ) —On February 15 Anthon Arnesen. Village Re­
corder, awarded $4,500 of 6 per cent bonds to 8. H Hudson o f
Benson, who offered to pay a small premium for the loan.
Interest will be pavable annually and the bonds will mature
TotaL............................................. $445,555,905
$465,501,895 at the rate of $1,000 yearly from July 1, 1897, to July 1, 1899.
The total assessed valuation of the county in 1893 was $431,- and $1,500 on July 1, 1900.
715,615, and the increase in the last two years is about 44
Canton, Ohio.—(C h r o n ic l e , vol. 58, pages 953 and 1118.
vol 59, pages 38.163, 343, 525,709,750, aud 846, and vol. 60, page
millions.
213)—Canton is asking for proposals until M irch 23i for
Ironwood, Mich.—It has been reported this week that the $3.900 of 5 per cent one to three year bonds issued ia antici­
city of Ironwood has decided to repudiate its last issue of pation of taxes. An election will be held on the first Monday
bonds, amounting to $150,000. The securities, it seems, were in April to vote on $20,000 water-works extension bonds.
Cleveland, Tenn.—It is reported that the citizens of Cleve­
placed on sale with the firm of Coffia & Stanton as agents for
the city, and although the firm disposed of all the bonds the land will vote in May on issuing water-works bonds to the
amount of $43,000.
city claims to have received only $25,000.
Covington, K y. - ( C h r o n ic l e , vol. 58, pages 744 and 1118,
Long Island City’s Debt.—Mayor Horatio S. Sanford, in vol. 59, pages 299 and 978, and vol. 60, page 299 >—Water
his recent annual message to the Common Council, asserts works bonds to the amount of $5,000 are under consideration,
Elberton, Ga.—(Chronicle, vol. 60, page 23.)—The elec­
that the city debt is not within half a million dollars of the
constitutional limit. That portion of the document which is tion which was to have taken place on Feb. 11 to vote on
$12,000 o f electric-light bonds has been postponed until
devoted to a consideration of the municipal indebtedness is as March 18.
follows:
Evanston, Ohio.—Proposals will be received until March
It appears by the reports of the City Treasurer that of 16,1895, by W m. H. Krapp, Village Clerk, for the purchase
the bond issues outstanding on January 1, 1895, there have of $10,000 of 6 per cent water-works bonds. Interest will b8
been issued $516,000 by the General Improvement Commission payable semi-annually at the Arias National Bank, Cincin­
for work performed, and as the improvements are payable nati, O., and the principal will mature ia ten years.
from the assessments laid or to be laid upon the property di­
Fall River, Mass.—(C h r o n ic l e , vol. 59, pages 40, 663, 709,
rectly benefitted and for which the bonds were issued, they 751 and 805, and vol. 60, pages 142,188, 23 Land 313.)—On Feb­
cannot in any sense be termed a portion of the bonded debt, ruary 19,1895, the City of Fall River sold a $173,000 4 per cent
but are really and practically assessment bonds. The same 10-year municipal loan at 102‘296 and a $65,000 4 per cent 30-




362

THE CHRONICLE.

I Voi* LX,

year sewer loan at 106*096. Both loans were awarded to R. L. and payable one-tenth yearly in from ten to twenty years.
Day & Co. Bids received for the securities were as follow s: Interest at the rate of 4 ^ , 4% or 5 per cent, according to the
Bid fo r
Bid fo r
municipal loan.
sewer loan. proposition o f the successful bidder, will be payable semi-an­
it. L. Day & Co
...................................... 102*296
106*096
nually at the fiscal agency in New York City.
E. H. Hollins & Sons.................................. 101*519
103*929
Brewster, Gobi) & Estabrook.................... 101*596
The C ity Treasurer’s advertisem ent iviU be found elsewhere
103*516
Blake Bios. & Co..................... .................. 101*07
103 53
in this DeDartmerit.
Blodget, Merritt & Co........................
101*03
102*27
The securities are dated February 1, 1895, and interest is
payable semi-annually on February 1 and August 1, both
rincipal and interest being payable in Boston or at the City
'reasurer’s office.
Franklin, Tenn.—This municipality has petitioned the
Legislature for authority to issue $30,000 of water works
bonds.
Gloversville, N. J.—(Chronicle, vol. 60, pages 188 and 313 )
—On February 28th City Clerk F. H. Willmarth will sell at
public auction $14,000 of railroad bonds issued to refund a
portion of the indebtedness of the town o f Johnstown, $28,000 of public improvement bonds and $23,000 of deficiency
bonds. The securities are described as follows:

P

L ocal I m provem ent —
L O A N S—
When Due
R a il r o a d B onds —
41*8, Feb. $5,100..........Feb. 1,1899
4s, A. & O., $14,000...Apr. 1,1915 4i*s, Feb. $5,100..........Feb. 1,1900
L o c a l I m provem ent ­

' s , Feb. $7,100........ Feb. 1,1896
4*ts, Feb. $5,600........Feb. 1,1897
■41*8, Feb. $5,100........ Feb. 1,1893

D efic ie n c y B onds —

41*8, Jan., $7,000........ Jan. 1,1896
41*8, Jan. $8,000..........Jan. 1,1897
41*8, Jan. $8,000......... Jan. 1,1898

Interest will be payable in New York at the Fourth Na­
tional Bank. The city’s total bonded debt, including the new
issue, is $310,500; water debt (included), $192,500. The
assessed valuation o f real estate was $3,962,155 : personal
property, $410,780; total, $4,872,935; total tax per $1,000,
$29 20. Population, according to local figures, is 18,000.
Gothenburg, Neb.—(Chronicle, vol. 59, pages 890 and 978.)
—The village of Gothenburg, Neb., is offering for sale $10,000
o f 7 per cent 5-20 year water-works bonds. Gothenburg has
no bonded debt. Its assessed valuation is $100,439; estimated
actual value, $375,000.
Grand Rapids, Mich.—(Chronicle, vol. 58, page 1119, vol.
59, pages 126, 617 and 710, and vol. 60, page 269.)—Proposals
will be received until March 20, 1895, by W . A. Shinkman,
City Clerk, for the purchase of $100,000 of 4 per cent refund­
ing water-works bonds. The securities will be dated June 1,
1805, interest will be payable annually at the Fourth National
Bank, New York City and the principal will mature June 1,
1915.
The city’s bonded indebtedness on February 15, 1895, con­
sisted of $887,000 of water bonds, $150,000 of City Hall bonds,
$351,900 of school bonds and $550,000 of bonds for street im­
provements, making a total of $1,938,900, The assessed valu­
ation for 1894 of real estate was $20,044,135; personal prop­
erty, $5,216,142 ; total, $25,260,277 ; actual valuation, $100,000,000. The population, according to local figures, is 90,000.

Greensboro, N. C.—An ordinance will probably be submit­
ted to the Legislature asking for authority to issue additional
water bonds.
Great Falls School D istrict No. 1, Mont.—On February 18
1895, the trustees of School District No. 1, Cascade County,
Montana, awarded $90,000 of 6 per cent school bonds to
Messrs. Seymour, Barto & Co. of New York. The securities
will be dated March 1, 1895, interest will be payable semi-an­
nually on March 1 and September 1 at the office of the Treas­
urer of Cascade County in Great Falls, Mont., or at the Chase
National Bank of New York City, and the principal will ma­
ture March 1, 1915, with option of call after March 1,1905.
The securities were authorized by popular vote on Decem­
ber 27, 1894, the count l eing 1,026 for and 166 against bonds.
They will be issued in the denomination of $500 each.
Hanover, K ans—(Chronicle, vol. 60, page 231.)—An elec­
tion will be held on February 25,1895, to vote on the question
o f issuing $13,000 of bonds for water works. Tha securities,
if authorized, are to bear 6 per cent interest, and the princi­
pal will mature in not less than ten nor more than twenty
years.
Harrisburg, P a —City Clerk Charles A. Miller reports to
the Chronicle that an ordinance to authorize city hall bonds
was defeated at its second reading, and that another ordi­
nance now pending to increase the indebtedness $250,000 will
probably be defeated when it is called up for final settlement.
Helena, Mont.—(C h r o n ic l e , vol. 59, page 166.)—This city
has petitioned the Legislature for authority to issue bonds for
water works.
Hickory, N. C.—The citizens of this place have voted down
a proposition to issue water-works bonds for $20,000. The
question will be again brought up at some future election.
Indianapolis, Ind.—(Chronicle, vol. 59, page 1071.)—A
bill has been introduced in the Legislature providing for the
refunding of State bonds.
Lancaster, Pa.—(Chronicle, vol. 59, page 1116, and vol. 60,
page 188.)—J. H. Rathfor, City Treasurer, writes the Chroni­
cle that an election held at Lancaster on Feb. 19 to vote on
issuing 170,000 of bonds resulted in the defeat of the proposi­
tion by a vote o f 3 to 1.
Lincoln, Neb.—(Chronicle, vol. 59, pages 710, 890,
936, 978, and vol. 60, page 188.)—Bids will be opened on March
4th by City Treasurer Elmer B. Stephenson for $247,000 of
refunding bonds dated June 1, 1894, optional after ten years,




Logan, Ohio.—Water-works and sewer bonds to the amount
o f $60,000 have been voted.
Macon, Ga.—(Chronicle, vol. 58, page 1047, and vol. 60,
pages 96 and 314.)—It is reported that an election will be held
at Macon April 11 to vote on issuiDg $30,000 of paving bonds.
Martin’s Ferry, Ohio.—(Chronicle, vol. 58, pages 744 and
915, and vol. 59,. pages 440 and 572.)—This town has asked
for authority to issue bonds for water works.
Middletown, Del.—This city has been authorized to issue
a loan of $6,000 for water-works purposes.
Montgomery County, Ohio.—(Chroniclb, vol. 58, page 955,
and vol. 60, page 232,)—On February 14, 1895, the County of
Montgomery sold $30,000 of bridge bonds, the loan to run
from two to seven years. Eighteen bids were received, and
the securities were awarded to the City National Bank of
Dayton for a premium of $1,070.
Ontonagon, Mich.—(Chronicle, vol. 59, page 39.)—This vil­
lage has petitioned the Legislature for authority to issue a
loan of $12,000 for water-works extensions.
Passaic County, N. J.—Bids will be received until March 1
by County Clerk Arthur B. Pearce for $20,000 of 5 per cent
road bonds. The securities will be dated Feb. 1, 1895, interest
will be payable semi-annually on Feb. 1 and Aug. 1, and the
principal will mature Feb. 1, 1900.
Full particulars regarding the sale will be fou n d in an ad­
vertisement elsewhere in this Department.
Pittsburg, Pa.—(Chronicle, vol. 58, page 878. vol. 60,
pages 94 and 143.)—On February 19 the voters o f Pittsburg
authorized new bonds for $4,750,000. Of this amount $1,750,000 will go for the permanent improvement of the several
city parks, $500,000 will be used in the construction o f a
boulevard connecting the business part of the city with the
parks aDd residence districts in the East End. Two million
dollars will be used in construction of reservoirs and general
betterment of the water system of the city; $500,000 will be
placed at the disposal of the Public Safety Department and
used in the purchase of additional apparatus and necessary
buildings.
Ramsey Connty, Minn.—Proposals will be received until
February 25, 1895, by D. M. Sullivan, County Auditor, for the
purchase of $50,000 of 4% per cent bonds. The securities
will be dated March 1, 1895, interest will be payable semi-an­
nually at the office of the County Treasurer or at the financial
agency of Ramsey County in New York City, and the princi­
pal will mature in ten years.
Ramsey Connty, N. D.—Proposals will b8 received until
March 4, 1895, by Henry Hale, County Auditor, for the pur­
chase o f $5,000 of 5 per cent 15-year funding bond3. Interest
will be paid semi-annually.
Scottdaie, Pa.—(Chronicle, vol. 58, page 1122, and vol.
60, page 230.)—Street improvement bonds of Scottdaie to the
amount of $29,907 43 were voted on February 19. E. L. Ruth­
erford, Borough Secretary, writes the Chronicle that the
loan will probably bear interest at the rate of 5 per cent,
and become due at the rate of $1,000 yearly after two years
from date, the bonds to be exempt from taxation.
Stanton, Mich.—The citizens of Stanton will vote on the
question of issuing $6,000 of bonds for an electric-light plant.
Sumter Connty, S. C.—County Clerk Thomas Y. Walsh wil
receive bids until March 15 for $15,000 of 6 per cent bonds,
“ to be retired within ten years by a sinking fund to be pro­
vided for by taxation.” Interest will be payable annually and
the securities will be non-taxable.
Wapakoneta, Ohio.—(Chronicle, vol. 59, pages 752, 891
and 1070, and vol. 60, page 232.)—Proposals will be received
until March 12, 1895, by Joseph Myers, Village Clerk, for the
purchase of $50,000 of 5 per cent water works bonds.
Westfield, N. Y.—Road bonds of this town to the amount
of $40,000 have been voted.
West Chicago, 111.—A resolution has been submitted to the
Legislature authorizing the town of West Chicago to issue
$900,000 of 20-year bonds for the completion o f the West Side
Park and Boulevard system.
Webb City, Mo.—(Chronicle, vol. 59, page 1117.)—Propos­
als will be received until February 25, 1895, for the purchase
of $15,000 of electric-light bonds, the loan to become due in
20 years.
Youngstown, Ohio.—(Chronicle,vol. 58, pages 694,832,879,
917 and 1084, vol. 59, pages 39, 165, 247, 441, 7 ll, 892 and 1069,
and vol. 60, page 143.)—On February 11, 1895, the city of
Youngstown sold $1,200 of 6 per cent Marshall Street sewer
bonds to C. H, White & Co. at a premium of about $80. One
other bid was received from Seasongood & Mayer of Cincin­
nati, Ohio, offering $1,263 75 for the loan. Interest is payable
semi-annually on April 1 and October 1 at the office of the
City Treasurer, and the principal will mature part yearly from
October 1, 1898, to October 1, 1903,

THE CHRONICLE.

F eb r u a r y 23, 1896.j

STATE AND CITY DEBT CHANGES.
We subjoin reports as to municipal debts received since the
last publication of our S t a t e a n d C i t y S u p p l e m e n t .
Some o f these reports are wholly new and others cover item s
of information additional to those given in the S u p p l e m e n t ,
and of interest to investors.
Kings County, New Y ork.—Henry H. Adams, County
Treasurer. The following statement has been corrected by
means of a special report to the C h r o n ic l e dated February
16, 1895.
Kings County includes the city o f Brooklyn and the towns
•of New Utrecht, Flatbush, Flatlands and Gravesend, which
have recently beoome a part of the city.
When Due.
When Due.
LOANSLOANSCounty F arm —
H all of R ecords—(Con.)
4S, $150,000.............. ..........1899 4s,
$28,000............... ..........1899
4s,
54,000.............. ..........1900
325,000............... ..........1903 48,
4a,
54,000.............. .......... 1901
175,000.............. ..........1904 4s,
4fl,
32,000.............. .......... 1905
R efunding L oan—
4a,
32,000.............. .......... 1906 48, $219,000.............. .......... 1895
4s,
218,500.............. .......... 1896
13 9,000.............. ..........1907 4s,
4a,
132,500............... .......... 1897
119,000.............. .......... 1908 4s,
4s,
132,500............... .......... 1898
115,000............... ..........1909 4s,
4a,
121,000.............. .......... 1900
115,000.............. .......... 1910 4s,
4a,
121,000.............. ..........1901
119,000.............. ..........1911 4s,
4s,
119,000.............. .......... 1902
119,000.............. .......... 1912 4s,
4s,
4s,
119,000............. ............1913
119,000.............. ..........1903
3*28, 100,000.............. ..........1901 4s,
197,000............... .......... 1905

3*28, 3 2 5,00 0................ ........... 1902
3*28, 32 5,00 0............... .......... 1903
3*28, 32 5,00 0.............. ............ 1904
3*28, 32 5,00 0.............. .......... 1905
3*28, 100,000............... .......... 1906
3*28, 100,000................ ...........1914
3s,
20 0,00 0............... ........... 1900
H a l l o f R ecords —
4a,
$1 9,00 0................ ...........1895
4s,
19,000................. ...........1896
4s.
19,000................ ...........1897
4s,
19 ,000 ................ ...........1898

48,
197,000................ ...........1906
4s,
100,000................ ...........1907
48,
100,000................ ...........1908
4s,
20 4,00 0............... ...........1909
4s,
20 4,00 0................ ...........1910
3*28, 12 1,50 0................ .......... 1902
3*28, 121,500................
3*28, 130,000............... ...........1918
3s,
180,000................ ...........1915
State T a x L oan —
48, $119,0 00................ ...........1904

CERTIFICATES OF INDEBTEDNESS.
When Due. :
LOANSA r m o r y —(13th Regiment.)

4s,

$60,000...........................1895:
4s,
60.000
.
1897
10.000
.....................1898
4*
4s,
60.000
.....................1899
4s,
10.000
..................... 1900
4s,
60.000
...
1901
4s,
.........
1902
10.000
60.000
..................... 1903
ft
10.000
..................... 1904
4s,
60.000
.....................1905
4s,
..................... 1906
10.000
4s,
60.000
.....................1907
4s,
80.000
.....................1909
A r m o r y S it e —(14th Regiment.)
4s, $50,000.............................1898
8*20, 50,000............................. 1896

When Due.
LOANSA r m o r y — (14th Regiment.)
4s, $390,000.............1895 to 1907
($30,000 due yearly.)
4s, 50,000................................1908
A r m o r y — (32d Regiment.)
4s, $15,716............ -.July 1,1895
B r id g e — (Meeker Avenue.)
4s, $40,000.............. 1895 to 1898
($10,000 due yearly.)

363

option o f bondholder; on those due in 1911 at the Importers’ & Trad­
ers’ Nat. Bank, New York, or Union Nat. Bank, Salt Lake City, at
option of bondholder; on those due 1912 at the office of Wells, Fargo &
Company, New Y ork; on those due in 1914 at the National Bank o f the
Republic, New York, and by McCormick & Co., Salt Lake City.
T O T AL D E BT on February 15,1894, was $2,548,000; water debt o f
$548,000 is included in the foregoing.
AVAILABLE ASSETS.—City lands and waterworks are valued at
$3,500,000. The annual income from the water works is $60,000.
DEBT LIMITATION.—The debt of this city is limited by a speoia
A ct of Congress, approved in 1894, to 6 per cent of its assessed valua­
tion.
ASSESSED VALUATION in 1894 was $35,500,000; in 1892 it was
$51,028,650; in 1889 it was $16,611,752. Assessed valuation is about
75 per cent of the actual value. City taxproper (per $1,000), $6-50.
POPULATION.—The population in 1890 was 44,843; in 1880 was
20,768 ; in 1894 (estimated) 60,000.

Lynchburg, Y a.—R. D. Yancey, Mayor. The following
statement has been corrected to February 1, 1895, by means o f
a special report to the C h r o n ic l e from City Auditor K . Otey.
Lynchburg is situated in Campbell County.
LOANS —
When Due.
R ed e m p tio n B onds —1879—
F unded I nterest—1866 & 1871. 5s* J«sJ, $116,100.................. 1914
6s, J&J, $1,241..................... 1900
R e t ir e F lo at in g D ebt 1879—
8s, J&J, $53,048.......... 1904-1905 5s,* J&J, $50,000.................... 1914
G eneral E xpenses—1871.
Sch ool B onds —1871 and 1880.
8s, J&J, $50,000.................... 1905 8s, J&J, $30,000......................1905
L ynchburg & D an. RR.—1871.
S u p p o r t o f P o o r —1894.
6s, J&J, $200,000................... 1901 5s* J&J, $7,000.....................1 9 2 8
L y n c h . H. & N. C. RR.—1871.
T a x a t io n B onds —1866.
5s,* J&J, $250,000................. 1920 6s, J&J, $48,000......................1903
Subjact to call after 1897.
Y a . & T enn . R R . B onds .
M arket H ouse and Grounds.
6s, J&J, $178,800... .1890 to 1915
8s, J&J, $19,453................... 1905
W a t e r B onds 88, J&J, $26,000...... ............. 1907 68, J&J,
$35,000............... 1904
P ermanent I mprove ’ nts—1882. 6s, J&J,
35,000............... 1912
5s,* J&J, $377,100................. 1916 58,* J&J,
100,000............... 1915
Subject to call after 1892.
5s,* J&J,
20,700............... 1916
P ublic I mprovements—1892.
Subject to call.
5s,* J&J, $89,800................... 1926 5s,* J&J,
38,500............... 1926
Subject to call after 1902.
Subject to call.
P ublic I mprovements—1890.
48,*t J &J, $60,000......
1924
* Exempt from taxation, t All in sinking fund.
INTEREST on the Lynchburg & Danville RR. bonds is payable In
Baltimore; on all other bonds interest is payable at the office of the
City Treasurer, Lynchburg.

T O T A L DEBT, SINKING FUNDS, Et c .—The subjoined state­
ment shows Lynchburg’s total bonded debt and the sinking fund held
by the city against the same on the 1st of February o f eaoh of the last
C o u r t H ouse an d H aul o f four years:
R ecords —
1895.
1894.
1893.
1892.
4s, $13,000.............................July 1,1895
Total funded debt___$1,786,742 $1,849,242 $1,784,742 $1,713,442
County R ecords —
390,843
436,003
396,326
358,951
4s,
$25,000........................... 1896 Sinking funds.............
4s,
25,000........................... 1898
Net debt Feb. 1...$1,395,899 $1,413,239 $1,388,415 $1,354,491
4s,
25,000........................... 1900
The sinking fond receives yearly about 1 per cent of the city’s debt.
4s,
18,000........................... 1905
P a rk . S ites —
The amount of city bonds held by this fund and the cash balance to
4s, $10,000............................ 1905 its credit on February 1,1895, was $390,813 24.
RECAPITULATION.
C IT Y PR O P E R TY .—The real and personal property o f this oity, as
Refunding loan................
$2,737,500
County Farm loan................................................
3,339,000 charged on the city’s books, is valved as follow s:
Hall of Records loan.....................................................................
212,000 Property of Fire Department...................................................... $28,404
State tax registered loan.............................................................
119,000 School property.......................
92,850
Meeker Avenue Bridge (new)......................................................
40,000 Property of Water Department.................................................... 402,654
13th Regiment Armory..................................................
550,000 Miscellaneous oity property, real estate, etc............................. 190,824
14th Regiment Ai-mory site.........................................................
100,000
14th Regiment Armory................................................................
440,000
T*>tal.......... ................................................................................$714,732
Enlargement 32d Regiment Armory.........................................
15,716
DEBT LIMITATION.—The city’s debt is limited by its charter to 18
Repairs Court House and Hall of Records...............................
13,000
Indexing and re-indexing County Records..............................
93,000 per cent of the taxable values as shown by the hooks of the Commis­
Lands for Park Sites....................................................................
10,000 sioner of the Revenue.
ASSESSED VALUATION.—The city’s assessed valuation (about 90
Total..........................................................................................$7,669,216
per cent of cash value) and tax rate have been as follows:
In addition to the above there were outstanding on Feb. 15,1895,
Real
Personal
Tot. Assessed Oily Tax
certificates o f indebtedness to the amount of $900,000 issued in Tears.
Estate.
Property.
Valuation, p . $1,000.
$2,701,969
anticipation of taxes for the years 1892,1893 and 1894. These certi­ 1894........................$8,550,295
$11,252,264
$15-00
1893.......................... 8,355.815
2,793,846
11,149,661
15-00
ficates are to be redeemed from taxes already levied.
1892....................
8,213,998 2,643,217
10,857,215
16-00
INTEREST—W H ERE PAYABLE.—Coupons are paid by the Merch' 1891.......................... 8,109,723
2,573,412
10,683,135
16-00
1,617,640
ants’ National Bank of Brooklyn; registered interest at the office cf 18 8 1......................... 5,237,635
6,855,275
15-00
the County Treasurer, Brooklyn.
POPULATION.—In 1890 population was 19,709; in 1880 it was
T O T A L DEBT. ETC.—The subjoined statement shows the total debt 15,959; in 1870 it was 6.825.
o f Kings County in each of the years named.
Hampden County, Mass.—The figures of indebtedness given
Feb. 1 5 ,’ 94. Apr. 2 5 ,’ 94. Aug. 1 ,’ 92. Aug. 1, ’ 91.
Total d e b t..................$7,669,216 $7,208,930 $5,816,644 $5,974,902 in the following statement have been corrected by means o f a
............
............
............
T axeertif’s. (add’t'al).
900,000
report from W . C. Marsh, treasurer.
DEBT LIMITATION.—See Ch ro nicle , Y. 55, p. 948.
County seat is Springfield.
ASSESSED VALUATION.—The assessed valuation and tax rate
LOANS—
When Due. Bonded debt Jan.l,’ 95.
$ 200,000
B r id g e N otes —
have been as follows in the years indicated:
Floating d eb t.............
141.468
4s,
J&D,
$22,000...Feb.
29,1896-7 Total debt....................
341.468
---------------- Assessed valuation--------------- .
Aver, tax
C
o u rt H ouse N otes —
Sinking
fund................
4,668
Tears.
Beal.
Personal.
Total.
p er $1,000 7 s, ....,$ 8 0 ,0 0 0 .......... Jan. 1,1896
Net debt Jan. 1,1895.
336,800
1 8 9 4 ........... $529,189,337
$22,513,985
$551,703,322
$25-00
($10,000
due
y’rly)
to
Jan.
1,1903
Tax
valuation
in
1894.109,775’
,780
1893 ........... 513,503,826
19,704,920
533,208,746
27-74
J a il & H. o f C o r r . B onds —
County property 1893.
592,000
POPULATION in 1890 was 838,547; in 1880 it was 599,495.
38, F&A, $200,000....Aug. 1, 1906 Total tax (per $1,000).
$12-00
Temporary loan..................$30,000 Population in 1890 w as.. .135,713
Salt Lake City, Utah.—R. M. Baskin, Mayor. The fo l­
INTEREST on the jail and house of correction bonds is payable at
lowing financial statement has been corrected by means of the First National Bank of Boston, Mass.; all other interest payable
a special report to the C h r o n ic l e from City Auditor A. W . the Springfield Institute for Savings, Springfield, Mass.

Raybound.
This city is situated in Salt Lake County.

Bristol, B. I.—The following financial statement has been
corrected by means of a special report to the C h r o n ic l e from
LOANS—
TVhen Due.
LOANS —
When Due.
George H. Peck, Town Treasurer.
G en e r a l F und —
Cit y B onds —1888 -1891—
5s, Sept., $500,000...Sept. 1,1908 5g., M&N, $800,000...May 1,1914
This town is the county seat of Bristol County.
Subject to call after Sept. 1,1898
P ublic I m provem en t , 1892—

6s, Jan., $700,000...Jan. 1,1911 5s, J&J, $548,000...... July 1,1912
When due. Total valuation 1894.. .$4,830,200
LOANST o w n N otes Subject to callafter Jan. 1,1901
Subject to call after July 1,1902
Assessment about 7s actual value.
4s, J&J, $78,000........ July 1,1896 Town tax (per $1,000) 1894.$12-20
PAR VALUE of aB bonds is $1,000.
Shortterm notes................$25,742 Population in 1880 was........ 5,487
INTEREST on the bonds due in 1908 is payable at the Am. Ex. Total debt Feb., 1895........103,742 Population 1895 (est.).....».6,000
National Bank, New York, or Desert Nr.t, Bank, Salt Lake City, at
INTEREST on all town loans is paid in Bristol, R. L




THE CHRONICLE,

364

Franklin, N. H.—T he fo llo w in g has been co rre cte d b y
m ean s o f a special rep ort to th e C h r o n ic l e fr o m Frank P roctor, City Treasurer.
Franklin is in Merrimack County.
LOANSWhen Due. Total debt Jan. 1, ’95.. $167,000
7,000
Assets (cash)..................
Town Bonds—
160,000
4s, F&A, $40,000.......Aug. 1,1900 Net debt Jan. 1. 1895..
4a, F&A., 30,000.... Aug. 1,1917 Tax valuation 1894___ 2,359,099
Tax valuation 1893___ 2,35.^,710
Water B onds 1891—
4s, A&O, $80,000.......Apr. 1,1916 Assessment about % actual value.
Subject to call after Apr. 1,1901 Tax rate (per $1,000) 1895.$16-40
4s, A&O, $12,000.... Apr. 1,1995 Population in 1890 was........ 4,085
INTEREST is payable at the First National Bank of Boston or at
Treasurer’s office.

Dallas, Texas—Bryan T. Barry, Mayor. W e have received
from John F. Caldwell, City Auditor, a report of the finances
of the city of Dallas on Feb. 14, 1895, by means of which the
following statement has been corrected.
This is the county seat of Dallas County.
LOANS—
When Due.
D rain B onds 1883—

T e x a s & P a c ific R R . 1874—

7s, A&O, $78,000...... Apr., 1904
W ater Supply 1884-’91—
6s, J&D,
9 5 ,0 0 0 ....Dec., 1914
5s, J&J, 100,0 0 0 ....July, 1917
5s, J&J, 200,000... .July 1,1920
5s, J&J,
6 6 ,0 0 0 ....Jan., 1921
5s, J&D, 100,000.... June, 1931
Water W orks 1882—
6s,J&J, $100,000....Jan., 1902
Former city o f East Dallas.
Construction & I mprovement
B onds—
Subject to call N ov., 1903
Sewerage I mprovement Gold 6s, J&J, $15,000........... July, 1916
6s, J&J, 40,000........... July, 1918
B onds 1890-1891—
5s, J&J, $150,000.......July 1,1920 6s, J&J, 15,000...........July, 1919
P ublic School B uild ’ g B ondsSubject to call.
5s, J&D, $150,000...... June, 1931 68, J&J, $13,000........... July, 1916
Subject to call.
Street I mprovement B onds—
5g, F&A, $200,000... .Aug., 1928
5s, J&J, 200,0 0 0 ....July, 1929
INTEREST on 10 per cent funding bonds is payable at Dallas; on
D. & W. and T. & P. issues, at Austin, Texas, by State Treasurer; on
the East Dallas bonds due in 1916, at the Laclede Bank, St. Louis

6s, M&N, $30,000....Nov., 1913
Subject to call Nov. 1893.
F unding B onds—
10s, J&D, $14,900___ June, 1895
10s, A&O, 11,100....Oct., 1896
8s, M&S,
2 7 ,5 0 0 ....Sept., 1904
6s, A&O, 100,000.... Apr., 1917
5s, J&J, 2 00,000....July, 1931
G eneral I mprovement—
6s, M&N, $100,000...... Nov., 1913

NEW LOANS.

[ V ol .

LX ,

Mo.; on the street Improvement 5s due in 1928 and 1929 and tha
sewerage improvement due in 1920, at the Seaboard National Bank.,
New York ; on all other bonds by the New York Security Mortgage &
Trust Company.
T O T A L DEBT, ETC.—The subjoined statement shows the city’ »
bonded debt, etc., on the dates named.

Feb 14, ’ 95. Mar. 5, 94.
Bonded debt. .......................... $2,005,500
$2,027,600
Floating debt.............................
18,000
---- . . . .

1892.
$1,991,600
23,470-

Total debt............................. $2,023,500
Sinking fund cash assets..........
52,500

$2,015,070

$2,027,600
............

Net debt................................ $1,971,000
$661,000
Water debt (included above)... $661,000
$ 666,000
The city owns property valued at $1,500,000.
DEBT LIMITATION. —The bonded debt of the city of Dallas is
limited to $2,500,000 by special act of the State Legislature.
W A T E R W O R K S. —In the year 1894 the revenue from water work»
was $23,500. The water works have been extensively improved and:
enlarged.
ASSESSED VALUATION.—The city’s assessed valuation and tax
rate have been as follow s:
Personal
Total Assessed Sale o f Tax
Years.
Real Estate.
Property.
Valuation.
per $1,000.
1894............ $16,780,700
$4,174,200
$20,954,900
$22-83
1893............ 17,887,875
5,243.725
23,131,600
23-35
1892............ 19,993,709
5,886,625
25,880,325
23*15
1891........................... .
............ .
32,000,000
.........
1890...................... .....................................
33,000,000
23‘25
1889...............................
..................
23,000,000
.........
The tax rate in 1894 includes city tax proper, $14-50; State and
county and school tax, $8-33.
POPULATION.—In 1890 population was 38,067; in 1880 it was10.358. Population 1895 (estimated) 50,000.

Coconino County, Arizona.—The statement below has b een
corrected by means o f a special report to the Ch r o n ic l e from
County Treasurer A. T. Cornish.
County seat is Flagstaff. The debt represented by the Territ­
orial bonds was created by Yavapai County previous to 1891,

NEW LOANS.

NEW LOANS.

$ 88,000
Lincoln, Neb., Refunding Bonds. City of Augusta, Georgia, MUNICIPAL
A s per resolution o f the City Council passed Feb.
Redemption Bonds.
18,1805. the City Treasurer will receive sealed bids
$ 247,500

BONDS

fo r the purchase o f $247,600 Lincoln City R efunding
Bonds, said bonds to oe dated June 1,1804, interest To be Dated April 1st. 18 95.
payable semi-annually at the Fiscal Agency in the
Thirty Years. $ 1 ,0 0 0 each.
City o f New York, bonds to be in the denominations
o f $1,000 each, to run twenty years from date, op ­
Interest 4%£, payable semi-annually.
tional after ten years one-tenth o f said bonds to be
payable ten years after date and one-tenth payable
Sealed bids invited fo r this issue. Bids to b e en­
each year thereafter.
tered here at. or b efore noon, Mondav, March l l t b ,
Copy of Resolution.
1805.
Certified check fo r $1,000 must accompany PARTICULARS UPON APPLICATION.
Rest)Votd. by the Mayor and City Council, that the
City Tteasurt-r be ana is hereby instructed to adver­ each bid. Bonds to be delivered here April 1st, 1805,
tise fo r sealed bids fo r th e purchase o f the Lincoln at nine (0) o ’clock A .M . Right reserved to reject
City R efunding Bonds to the amount o f $¿47,500, any and all bids. Bonds will n ot be sold fo r less
said bids t o .b e accom panied by a draft payable to than par. F or further inform ation as to City’s finan­
the City Treasurer fo r $100, said bids to be based cial and material affairs, address,
upon the purchase o f bonds drawing interest at the
W . B. YOUNG, Mayor,
Augusta, Ga. MEMBERS OF THE NEW YORK AND BOSTON
rate o f 4)&C, 49i% and 6£, payable semi-annu-lly; said
bids to be opeued and considered at the regular
STOCK EXCHANGES.
m eeting o f the Council to he held March 4,1805.
The successful bidder to deposit $1,000 in cash with
DEALERS ¡IN COMMERCIAL PAPER.
the ( lty Treasurer prior to entering in to contract
fo r th e delivery o f the bonds to th e purchaser, the
City Council reserving the right to reject any and
all bids.
Resolution introduced by Councilman O. W . W eb
ster. (Signed)
SCHOOL DISTRICT 90)4, 5s.
EL B. STEPHENSON, City Treasurer,
Lincoln, Nebraska.
Dated June 20th, 1894. Maturing $2,000 yearly,
from June 20th, lulO to June 20th, 1917 ; and $2,000
yearly, from June 20th, 1021, to June 20tb, 1039.
PROPOSAL FOR
Average maturity, 30)4 yesrs. Interest semi-annu­
2 8 STATE STREET, BOSTON.
ally.
5 NASSAU ST., NEW Y O R K .
Assessed valuation.......................
$5,500,000
Real valuation .....................
,12,000,o00
Total debt, including this issu e...................
95,000
Population....................................8,3(.'0
The above Bonds were issued to build a H igh
The Board o f Chosen Freeholders o f Passaic Co., School fo r the District, which includes Asbury
N. J., by its Committee on Finance and Auditing, Park, Ocean Grove, Bradley Beach, W est Asbury
solicit sealed proposals fo r Road Bonds in amount Park, Deal Beach, Arlington and L och A rbor.
Legality approved by Hon. Atf.’y General Stock$20,000. The blinds are o f the denom ination o f
$1,000 each and run (5) five years from Feb. 1, 1896. ton, of New Jersey and Mr. J. H. Caldwell , New
Interest 5 per cent, payable semi-annually on the York.
Legal investm ent fo r V erm ont and New Jersey
first day o f A ugust and the first day o f February. S»vi>
gs Banks.
T he bonds will be sold at not less than par, with
The above bonds are fre e o f ta x in th e State o f
accrued interest. Proposals must be addressed to
A . B. Pearce, and to be endorsed “ P rop osalsfor New Jersey.
Road Bonds ” and accompan ed by a certified check
Price, 110)4 and interest, pays 4% per cent.
in the sum o f $500, co diiioned to accept the bonds
Descriptive Circular o f other Investm ents upon
i f awarded. The proposals must be delivered to the application.
Clerk at R oom No. 1, second floor, Paterson Savings
Institution building, on or before FR ID A Y, MARCH
CORRESPONDENCE SOLICITED.
1, at 10 o ’clock in the forenoon.
A R T H U R B. PEARCE, Clerk.

FOR INVESTMENT.

$ 50 ,0 00
Monmouth Count/, N. J..

Blake

Brothers

&

C o .,

$ 2 0 ,0 0 0

Passaic Co,, N. J,, Road Bonds,

Farson, Leach & C o .

BONDS.

G erm an-A m erican

^ C it y and C oun ty Bonds,
Legal fo r Trustees and Savings
Banks.
LISTS ON APPLICATION.

N. W. HARRIS & CO..
BANKERS.
15 W A L L STREET,
-




NEW YO RK

Investment C o .,
52 W A L L ST., NEW Y O R K .

W . J. Hayes & Sons,
BANKERS,

Dealers in MUNICIPAL BONDS,
Street Railway Bonds, and other high grade In­
vestments
BOSTON, MASS.,
C l e v e l a n d , Ohio,
7 Exchange Place.
3 1 1 -3 1 3 Superior St.

Cable Address, "KENNETH.”

Chicago,

New York*

115 Dearborn St.

2 W a ll St.

WARRANTS
COUNTY, CITY A N D SCHOOL.
JNO. P. DORR & CO., Seattle. W ash.

8%

Municipal W arrants

OUR SPECIALTY. Choice State, County and
City Issues always on band. WASHINGTON IM ­
PROVEM ENT CO., 31 Equitable Building, B oston.

THE CHRONICLE.

FEBRUARY 28, 1895,]

trhi>D this cbunty was form ed, and on January 15, 1894, was
When Due. Total debt Feb., 1895....$174,000
Tax valuation, real......... 977,705
5s, J&J, $159,000.. .Jan. 15.1943 Tax valuation, personal. 967,855
Total valuation 1894....1,945,560
Subject to call Jan. 15,1914.
Assessment about *3 actual value.
C o o k t H o u s e B o n d s—
58, J&J, $15,000 . . . July 28, 1904 Total tax (per $1,000)......$29-00
Interest payable in N. Y. City.
TAX FREE.—All o f the county’ s bonds are exempt from taxation.
LOANS—

T e r r i t o r i a l B o n d s (refunding)

Norfolk, Va,—The following financial statement has been
corrected by means of a special report to the Chronicle from
City Treasurer W . W. Hunter.
This city is in Norfolk County.
LOANS—

G e n era l P urposes—

When Due.

M a r k e t H o u s e B ’ l d ’ g & Sit e —

58, M&S, $75,000.......... Sept., 1919
($45,000 coup, and $30,000 reg.)
5s, M&N, $ 7 0 ,0 0 0 .......Nov., 1920
($66,500 coup, and $3,500 reg.)
P a r k B o n d s-

58. A&O, $114,000 (cou.).Oct. 1922
P a v in g

and

G en. P u r po ses—

FREEDOM FROM TAXATION.-AU bonds a » exempt from alty
tax.

funded into 5 per cent 50-year Territorial bonds.

5s, A&O, $115,000....Apr. 1, 1923
($100,000 coup, and $15,000 reg.)

INTEREST on $500,000 o f 8 per cent water bonds, which are secured
by a mortgage on the city water works, is payable in New Y ork ; on
$573,700 coupon bonds in Baltimore; and on all other bonds in
Norfolk.
TOTAL DEBT, SINKING FUNDS, Et c —The subjoined statement
shows Norfolk’ s total bonded debt the sinking fund held by the city
against the same on the dates named.
Feb. 15,’ 95. Feb. 15,’94. July 1 , ’93.
Tot. bonded debt (ine. water debt) .$3,4«5,650 $3,340,200 $3,343,150
Sinking fu n d s............................... ..
231,000
210,000
210,000

Net d e b t..................................... $3,254,650 $3,130,200 $3,133.150
Water debt.................................. .
$700,000
$700,000
$700,000
The sinking fund receives yearly $30,000.
LOANS—
WhenDae.C ITY PR O P E R TY .—The city owns real estate valued in 1892 at
R e n e w a l B o n d s —(Co n tiu ’ d )—
5s, A&O, 320,000......... Apr., 1911 $700,000, and also its water works.
($305,000 cou. and $15,000 reg.)
DEBT LI MITATION.—The city’s debt is limited by its charter to 20
5s, J&J, $91,000......... Jan., 1912
($72,000 cou. and $19,000 reg.) per cent of the assessed valuation o f real and personal property.
5s, J&D, $110,000......... June, 1913
ASSESSED VALU ATIO N .—The city’s assessed valuation (about %
($104,000 cou. and $6,000 reg.)
5s, M&S, $101.500 tc&r.) Mar.,1922 of its cash value) and tax rate have been as follow s:
Real
Personal
Tot. Assessed
Total Tax
5s, J&D, 189.000.......June 1, 1923
Estate.
Property,
Valuation.
p. $1,000.
($171,000 coup, and $18,000 reg.) Years.
$2,655,680
$22,393,350
$21-00
5s, J&D, 105,000 (c&r.).I)eo., 1923 1894................. $19,737,670
2,641,570
22,082,920
21-00
1893................ 19,441,350
W a r d B o n d s18,942,000
2,369,090
21,311,690
21 0 0
58, M&S, $7,000(cou.) Sept. ,1919 1892.......
2,234,170
19,221,680
21-00
5s, M&N,
4,000(reg.)Nov., 1920 1891................ 17,089,810
2,078,160
14,747,585
22-00
5s, J&J,
20.000........ May, 1921 1889................ 12,669,425
1887................ 12,094,205
1,642,820
13,737,025
(?)
($15,000 cou. and $5,000 reg.i
5s, F&A, $20,000'Cou.)Feb., 1922
POPULATION-—In 1890 population was 34,871; in 1880 it was
5s, A&O, 15,000(cou.)Oct., 1922 21,966; in 1870 it was 19,229.
58, M&S, 20,000(cou.) Sept., 1922
5s, J&J, 34,000(cou.)Jul. 1,1922
Mamakating, N. T.—Below is our statement of the debt,
5 s ,....,
20,000(cou.)Feb„ 1924
5 s , .. . . ,
5,000(cou.) July, 1924
valuation, <Yc., of Mamakating, which has been corrected by
5 8 ,....,
20,000(c&r.)Sept. 1924

6s, var., $35,600(reg.) Jan., 1900
6s, M&S, 2O2.70O(cbu.)Sept.,19OO
5s, J&J,
40,000(cou.) Jan., 1914
5s, A&O, 30,000(cou.) Oct., 1914
5s, M&N, 55,000........ May, 1916
($42,500 coup, and $12,500 reg.)
5s, J&D, $14,000(cou.) June, 1916
5s, M&S, 37,500........ Sept., 1917
($27,500 coup, and $10,000 reg.)
5s, J&D, $35,000 ........ Dec., 1917
($15,000 coup, and $20,000 reg.)
5s, J&D, $70,000........ June, 1919
W a t e r B on ds($31,000 coup, and $39,000 reg.)
5s, M&N, $79,000........ Nov., 1920 88, M&N, $500,000........May, 1901
($489,000 cou. and $11,000 reg.)
($66,500 coup, and $12,500 reg.)
5s, M&S, $140,500(cou.) Mar.,1922 5s, M&N, $ 9 0 ,0 0 0 ......May, 1914
($69,500 cou. and $20,500 reg.)
R e n e w a l B o n d s—
0s, J&J, $77,000(cou.) Jan., 1899 5s, M&N, $50,000(cou.)May, 1915
60,000(cou.) July, 1921
0s, J&J, 115,400 (cou.)Jan., 1914 5s, J&J,
6s, A&O, 298,000(cou.) Oct., 1914 5s, M&N, 100,000)COU.)Nov., 1924
PAR VALUE-—The bonds are for $500 and $1,000.

means of a special report from Mercien Skinner, Town Super­
visor.
This town is in Sullivan County.

LOANS—
When Due. I Tax valuation 1895........ $843,150
R e f u n d in g RR. B o n d s .
|Assessment abt.80 p.c. of full value
4s, J&J, $143,000.. J’ly,’95 to 1913 , Total tax (per $1,000) ’95 $22-60
(part due yearly)
Population in 1890..........
3,401
Total debt Mar. 1, 1895.$143,000 1Population in 1880..........
3,845

FINANCIAL.

CHICAGO.

BONDS.

T itle Guarantee & Trust

City o f Pittsburg, Pa.
Com pany
City of Brooklyn, N. Y.
City of Denver, Col.
OF C H I C A G O ,
City of Pueblo, Col.
92. 9 4 & 9 6 WASHINGTON .STREET.
City of Davenport, Iowa.
City of Superior, Wis.
Capital, paid-up......................... 9 1 .0 0 0 ,0 0 0
City of Anderson, Iud
Undivided earning«, Including
City of Youngstown, Ohio. surplus.........................................
2 3 9,00 0
Prtce, description and full list o f other Securities
on application.

C. H. WHITE & CO.,
72 B R O A D W A Y,

-

-

385

NEW Y O R K .

W . N . Coler & C o .,
BAJNTKJBRS.

M U N IC IP A L BO N D S

84 NASSAU STREET.
W E OWN AND OFFER

State of Florida, 6s, gold,
County of Monroe, N. Y., 33^8,
State of Idaho, 5s,
City o f Mt. Yernon,N. Y., 4s,
City of Troy, N. Y., 33^s.

W hann & S c h l e s in g e r ,
2 W a ll Street, New York.

BONDS.
Legal Investments for Savings
Banks in New York.

CHICAGO.
Loeb

&

Gatzert,

MORTGAGE BANKERS,
125 L A S A L L E S T R E E T , CH ICAG O
First Mortgages for sale Inlargeand small amounts
aettlng Investors 6,6J4 and 6jper cent, secured by
mproved and Income-bearing Chicago city property.
Principal and Interest payable In'Gold.
CORRESPONDENCE SOLICITED.

Oeposlted with State Auditor..

2 0 0 ,0 9 0
A. O. SLAUGHTER, Member N. Y. Stock Exchange
¡GUARANTEES TITLES TO REAL ESTATE.
WM. Y. BAKER, Member Chicago Stock Rxohange
MAKES ABSTRACTS OF TITLE.
Offers Investors In real estate securities A . O . Slaughter & C o .,
.refection afforded br ho other system of
doing business.
BANKERS,
Is authorised by lawto act as Registrar of Stocks
1 1 3-11 7 IjA SALLE STREET.
and Bonds, Executor, Receiver and Trustee for
CHICAGO, ILLS.
Estates, Syndicates, Individuals and Corporations.
Trust moneys and trust securities kept separate
Chicago Securities Bought and Sold.
(rout the assets of the Company.
CORRESPONDENCE SOLICITED.
D A K I D C YIELDING AN INCOME
d U IM U O
4% to 6%
OFFICERS:
9WYNN GARNETT, President.
CITY, MASON, LEW IS & CO., Bankers
A. H. SELLERS, Vice-President. COUNTY
171 LASALLE STREET,
ARCHIBALD A. STEWART, SecreEary.
-SCHOOL SEND FOR LISTS.
CHICAGO
CHAS. K. lak k a b k u , Treasurer.
FRANK F. SELLERS. Trust Officer.
DIRECTORS :
Chas. W. Drew,
Gwynn Garnett,
John P. Wilson,
W. D. Kerfoot,
Edaon Keith,
Horace G. Chase,
Geo. M. Bogue.
John G. Shortall,
Investment Bankers,
A. H. Sellers.
John DeKoven,
Samuel B. Chase,;
30 W est Third Street,
Cincinnati, Ohio.
COUNSEL:
John P. Wilson,
W. 0. Goudy,
A. M. Psnoe,
A. W. Green

Rudoloh Kleybolte & Co.

Choice Investment Bonds o f Cities,
Counties and School Districts.

A . G . Becker & C o .,
(INCORPORATED)

SUCCESSORS TO

LISTS MATT.ED UPON APPLICATION.

HERMAN 8 C H A F F N E R 8 CO.

COMMERCIAL PAPER,
154 La Salle Street, • Chicago, 111.

James N . Brown & C o .,
BAN KERS.

62 Cedar Street,

-

-

NEW Y O R K .

M UNICIPAL, COUNTY, SCHOOL AND
TOW N SH IP BONDS

Jamieson & C o .,
STOCKS—BOYDS,

BOUGHT

AND

SOLD.

'embers New York and Chicago Stock Exohangei

Street, W yk es & C o .,
44 W ALL STREET,




-

NEW YORK,

W m . Fisher & Sons,

187 DEARBORN STREET,
Chicago, Ills.
Prjyatf ylrç tp Npv York and Philadelphia.

BAN KERS AN D BROKERS,

93

SfFPPD

?

Baltlaior®)

366

THE CHRONICLE.

Fresno, Cal.—The following has been oorrected by means
o f an official report from City Clerk J. W . Sbanklin.
This is the county seat of Fresno County.
LOANS—
When Due.
SEW ERF ir e D epa rm en t—
5 b, A u k ., $8,750........Aug. 1,1895

58, Dec., $65,000........Deo. 3 ,1895
($5,000 yearly) to Dec. 3,1907
($625 yearly) to Aug. 1,1908 Interest Is payable in Fresno.
Ov e r f l o w Total debt .ian. 1,1895.. $192,500
58, Aug., $ 8 ,75 0 ......Aug. 1,1895 Tax valuation 1894.......6,038,874
($625 yearly) to Aug. 1,1908 Assessment about *2 actual value.
Sc h o o l Tax valuation 1893___$7,403,993
58, Aug., $35,000........Aug. 1,1895 Population in 1890 was.......10,818
($2,500 yearly) to Aug. 1,1908
School district bonds___$75,000
The bonds of this city are all payable In gold.

----

I\
XX.

- ■'

[VOL. LX.

» .«j, rvi

iL
.

■■■, -

against the same, and the water debt, on the first of January. 1895.
1894 and 1891.
Total debt (incl. water debt)...$1,788,834
Sinking funds, etc.....................
530,338

$1,533,666
181,988

$1,950,835
545,190

i^et debt on Jan. 1...............$1.258,496
water debt, included above... .• $902,000

$1,351,678
$1,102,431

¡1,405,465
J t,100,000

tit

C IT Y PROPERTY.— The city owns property valued at $1,878,542

including $1,030,507 for water works.

ASSESSED VALUATION.—The city’ s assessed valuation and tax
rate at different periods have been as follows, assessment being
taken at “ fair market value.”
■Assessed Valuation,
Pate o f Ta»
Years—
Peal.
Personal.
Total,
per $1,000.
$24,997,875
Lawrence, Mass.—The debt statement below has been cor­ 1894........
$8,438,718
$33,436,593 $1600
1893........
24,608,100
8,599,272
33,207,372
16-80
rected by means o f a special report to the C h r o n ic l e from 1892........
23,912,400
8,615,537
32,527,937
16-80
1890........
City Auditor R. J. Shea.
30,476,223
141889........
29,640,947
151888........
This city is in Essex County.
28,971,979
1600
1880........
24,187,140
16LOANS—
.-----Interest.---- , ,-------- Principal.---------- .
NAME AND PURPOSE.
P 01. Payable. When Due. OutstanfVg.
P O P U L A T IO N —In 1890 population was 44,654; in 1880 it was
Cemetery bonds, 1893............ 4
1895 to 1903
$22,500
5 N ov.l,’95-1900 ; 30.000 39,151; in 1870 it was 28,921. Assessors estimate in 1895, 52,000.
Gale’s Hill improve, n otes...
4
M
( part each year. <
6
Municipal debt........................
M ontclair, N. J .—The statement of indebtedness and gen­
F & A Feb. 1, 1905 '
3,000
do
do 1894............
4
J & J July 1, 1924
262,000 eral financial condition o f Montclair given below has been
Ordinary city debt, 1885........
4
A & O Apr. 1, 1895
80.000
Sewer loan, 1884..................... 4
J & J July 1, 1904
300.000 corrected to date by means o f a special report to the C h r o n i ­
do
1892.....................
4
M & S 1895 to 1912
54.000 c l e from John H. Wilson, Chairman of the Town Board of
do
1893..................... 4
J & D 1895 to 1903
45.000
Union Street bridge................. 4
J & J July 1, 1902
65.000 ¡Supervisors.
Water loan, 1875.....................
6
A <te O Apr. 1, 1900
200.000
This township is situated in Essex County.
do
1876.....................
6
A & O Apr. 1, 1906
100.000
do
1893.....................
4
J & J July 1, 1923
100,000
LOANS —
When Due. Total debt.......................... $700,000
do
1894.....................
4
R a il r o a d B on ds—
A & O Apr. 1, 1924
327.000
Tax valuation, real........ .*6,360,000
Subject to call after Apr. 1, 1914.
58, M&N, $285,000.............. Yearly Tax valuation, personal. 800.000
do
A & O Oct. 1, 1924
1894..................... 4
(Various amounts) to 1918 Total valuation 1894....7,160,000
175.000
Subject to call after Oct. 1, 1914.
S e w e r B onds —
Total valuation 1893....5,899,500
$150.000....May 1,1913 Assessment about 2-5 actual value.
PAR VALUE OF BONDS.—The bonds are of various denomina­ 5s.S cM&N,
h o o l B o n d sTotal
tax (per $1,000) 1894.$32-60
tions.
58, JAJ, $149.500....................1921 Population 1890 was............ 8,656
Bonded
debt
Feb.
1,
’95..
$584,500
Population
1$95 (estimated) 12,000
INTEREST is paid at the Tremont Bank in Boston and by the City Floating dobtFeb. 1, ’95. 115,500
Treasurer.
IN TE R EST on the railroad bonds is paid by the Mutual Life Insur­
T O T A L D EB T, SINKING FUND, Et c .—The subjoined statement ance Co., Newark. N. J.; on the sewer bonds in New York, and on the
shows Lawrence’s total debt, the sin k in g fund held by the city school bonds in Montclair.

FINANCIAL.
M ORTGAGE

LOANS

IN

TEX A S.
7 P e r C en t an d 8 P e r C en t N e t.
NO COMMISSIONS charged borrower or lender
until loans have proven good.

FRANCIS SMITH & CO.,
___________ B A N A N T O N I O . T E X A S .

GEORGIA MORTGAGE LOANS.

FINANCIAL.
Emerson Mcmillin .

Emerson McMillin & Co.
4 0 W A L L STREET. NEW Y O R K
DEALERS IN
G A S-W O R K S, STREET
R A IL W A Y S
AND INVESTMENT SECURITIES.
W m . M. H a r r im a n , Member N. Y. Stock Exchange.
Nic h o l a s F is h .
Ol i v e r H a r r i m a n , J r .

Harriman & C o .,
EQUITABLE BUILDING, NEW Y O R K .

SO U TH ER N L O A N A N D TR U ST COM P AN Y OF
M ACON, G A .
J. 8. 8C H 0F IE L D , Pres.
H . M. SM ITH , Sec.
F. O. SCHOFIELD. Treasurer.

This oompany makes a specialty o f handling a 11m
lted «m ount o f the best live-year mortgage loans
afforded by this com m unity. Doing only a small
business in this line, we can select the b e st Loans
secured by business property net the investor six
per cent, residence, seven per cent. Principal and
Interest payable at the Merchants’ Exchange Nituonal Bank, New York. Correspondence solicited.

SOUTHERN LANDS
A t P R E S E N T P R IC E S a r e th e C H E A P E S T
P R O P E R T Y in A M E R I C A .
I n v e s t i g a t e a n d y o u w i l l I n v e s t . _&J

T IM B E R ,
M IN E R A L ,
F A R M IN G .

BANKERS AND BROKERS,
Transact a General Banking and Stock Exchange
Business.

A . E . H achfield,

INVESTMENT

SPECIALTIES: Railroad Bonds and S* jck s. Quota­
tions furnished on application and eorret
pondence solicited.
W A N T E D : Memphis A' Charleston R R . Bondi
Centra] RR. A Banking Co. o f Georgli
bonds. T oledo A nn A rbor A North Michigan
all underlying issues.

WALSH
20

NEW YO R K,

SOLICIT ORDERS IN

S to c k s , C o tto n , G r a in a n d P r o v is io n s .
Branch un ices:
277 Broadway, (Corner Chambers Street.)

H aven & Stout,
B A N K E R S AND B R O K E R S )
2 E x c h a n g e C ourt, N . T ,
A llo w In te r e s t a t th e r a t e o f fo u r p e rcen t
p e r a n n u m o n d e p o s i t s s u b je c t t o c h e c k .
B u y an d S e ll R a ilr o a d S to c k s a n d B ond,
on M a r g in o r fo r C a sh a t l - 1 6 t h
p e r c e n t C o m m is s io n .
Members o f

the Consolidated

stock

Broad Street,

BROKERS,

R . T . W ilson & Go*,
BANKERS AND COMMISSION MERCHANT!
» 3 W a ll »treat. New Vorlc.

AUGUSTUS FLOYD,

Long distance Telephone:

**l i t CORTLANDT.”

H aight

Cable A d dress:

" RUDXRATION, N. Y ,

&

Freese,

Bankers & Commission Stock Brokers,
63

BROADW AY, NEW

YORK.

STOCKS, BONDS AND GRAIN
Bought and Sold at 1-16 Commission.
S p e c ia l a t t e n t i o n given t o o u t - o f - t o w n a o
c o u n ts.
TR A N S A C T A G E N E R A L B A N K IN G A N D STOCK
E X C H A N G E BUSINESS.

INVESTMENT BONDS.
Aooounta of Banks, Bankers and Individuals
received on favorable terms.
N A T IO N A L B A N K REFER EN CE S FU R N ISH E D .
Uptown Office, 1132 Broadway.

HOL ME S & CO.,
61 B R O A D W A Y , N EW Y O R K .
„
fiVew York 8tock Exchange.
Members ( New York Cotton Kx- hange.
LChicago Board o f Trade.

Investment Stocks & Bernds, Grain, Cotton,
and all securities that are dea’t in on the NewYork,
Chicago, Philadelphia or Boston Stock Exchanges
bought and sold for cash or carried on margin.
Branch Office: Kellogg Bldg., F St.,W ashington, D . C.

M a rk et L e tte r o n A p p lic a tio n .

T aylor & H alsted,
B an kers and B rok ers,
NEW YO R K .
B o n d s an d G u a ra n te e d S to c k s
a S p e c ia lty .
NICKEL P L A T E 4 P e r Cents bought and So l d

2 N ASSAU STR E ET,

D E A L E R IN

INVESTMENT

SECURITIES,

3 2 PINE STREET, NEW Y O R K .
STRE E T R A IL W A Y BONDS BOUGHT and SOLD

The Globe Filing System
is the most perfect
ever devised for the

t

CHRONICLE VOLUMES
SIN CE 1866.
A n y office possessing these volumes since 1866 has
at hand for convenient reference a complete and
reliable financial history o f the period. Parties
having the more recent volum es can obtain from
the publishers most o f the earlier volumes, or com­
plete sets can be furnished.

WM. B. DANA COMPANY,

and Petroleuu.

Exchange*.




MISCELLANEOUS.

AND DEALERS IN INVESTMENT SECURITIES

671 Broadway, (Broadway Central H otel.)

763 Fifth A ve., cor. 58th SL (under Plaxa Bank.)
DEPOSITS R EC EIVE D 32 INTEREST A L L O W E D

& FLOYD,

STOCK

CLA PP & COMPANY,

BANKERS,
M IL L S B U IL D IN G .
-

SECURITIES

v P in e Street, N ew YorJr.

LARGE,
SM ALL,
TRACTS.

8end 25 cents for “ The Road to W ealth Leads
Through the South.”
B . C . R O B E R T S O N & C O ., C i n c i n n a t i , O .
(Neave Building.)

Henry B. Wilson.

76hi finp Street, New York.
S ystem atic Filing of Papers
Illustrated catalogue-free.
—

.i.M.1 i.

T H E G L O B E C O ., Cincinnati.
4a Beaver St., N. Y.
■ 11ee***

-

80
20
80

FEBKÜABT TS, 1999.

%US1XVlXUt&. ©

THE CHRONICLE.

ix
fin a n c ia l.

g ? u M ix a ti0 U S .

1850.
N O W

R E A D Y .

OFFICE OF THE
T H E

ATLANTIC MUTUAL Financial Review.
(ANNUAL.)

INSURANCE CO.

1895.
N ew Y o rk , January 22,1895.
The Trustees, In conformity with the Charter
of the Company, submit the following state­
ment o f Its affairs on the 31st of December,
1894.
Premiums on Marine Risks from
1st January, 1894, to 31st
December, 1894....................... $2,760,920 62
Premiums on Policies not
marked off 1st January, 1894 1,106,515 77
«#
Total Marine Premiums........ $3,867,436 39
Premiums marked off from 1st
January, 1894, to 31st Decem­
ber, 1894...........................
$2,840,284 98
Losses paid during the
same period....................$1,411,292 89
Returns o f Premiums
and Expenses............$624,154 64

A

Y ear B ook
OF

FINANCIAL INFORMATION,
375 PAGES.
C O N T E N T S :
Retrospect o f 1 8 9 4 .
B a n k Clearlnars an d Speculation.
L istin g s o f Securities o n th e N ew
Y o r k Stock E x ch a n g e .
B u sin ess F ailu res In 1 8 9 4 .
B a n k in g a n d F i n a n c i a l -

1895.

T h e U nited States Life
Insurance C o .
IN THE CITY OF NEW Y O B K .
This old and reliable Company now has the exp er­
ience o f forty-five years o f practical L ife Insurance,
which has taught it that the sine qua non o f suocess
is the adopiion o f good pines o f insurance, and the
pursuit c f a liberal policy towards noth its Insured
and its Agents. These essentials it possesses In an
em inent degree, nut judiciously tempered by that
conservatism which is the best possible safeguard o f
the policy-holder. Its contracts are incontestable
after tw o years. They are non-forfeiting, providing
generally lo r either paid-up policy or extended in­
surance, at the option o f the policy holder. It gtves
ten oays o f grace In payment o f all premiums. Its
course during the past forty-five years abundantly
dem onstrates its absolute security.

Active and successful Agents, wishing to rep "
resent this Company, m a y communicate
with the President at the H om e Office,
9 6 1 Broadway, New York,

OFFICERS:
GEORGE H . BURFORD.............. President
C. P. FKALEIGH
................................. Secretary
A . W H E E L w KIGHT................. Assistant Sec etary
W M . T. STAND k m ..........................
Actuary

ARTHURC. PERRY.....................
Cashier
JOHN P. MUNN............................Medical Director
FINANCE COMMITTEE:
CEO. G. WILLIAMS.............Pres. Chem. Nat. Back
JOHN J. TUCKER.........................................Builder
E. H. PERKINS, J r,, Pres. Imp. & Traders’ Nat. R’k
JAMES U. PLUM.........................................Leather

T h e M utual Benefit
LIFE INSURANCE CO., N E W A R K , N. J
AMZI DODD, President.
Assets (Market Values) Jan. 1,1895.......f 5*,664,888
Liabilities (N. Y, and Mass. Standard).... 6i,k 13.853

Government Bond Prorossls—Amount of
Subior.pi ions and List of Subscribers.
New York City Bank Move meats.
The Company has the following assets, viz.: Crop a n d O ther P rod u ctio n s.
Surplus................................. ............................ 3,850,538
Surplus, by form er N. Y. Standard, (A m .
The Yea ’s Crops.
United States and City o f New
Ex.
per cent Reserve)...................... 6,728,887
Pig ron Pr> du< tlon.
York Stock: City Banks and
POLICIES ABSOLUTELY NON-FORFEITABLE AFTER
Antbra« ite Coal Production.
SECOND TEAR.
other Stocks............................. $8,247,455 00 Great B rita in —M ercan tile a n d F in a n ­
In Case of Lapse the Policy is continued in force
Loans secured by Stocks and
as long as its value will pay fo r ; or if preferred, a
c ia l Affairs.
otherw ise.................................. 1,043,500 00
policy fo r its full value is issued in exchange.
Commercial and Financial Review for 1894. Paid-up
A fter the second year Policies are in c o n t e s t ­
Real Estate and Claims due the
a b l e , and all restrictions as to residence, travel or
T rad e a n d C om m erce—
occupation
are removed.
Company, estimated at............ 1,009,845 30
The Exceptional Ctmracter of our Foreign
Cash loans ar» made to the extent of 60 per cent
Premium Notes and Bills Re­
Trade in 1894.
of the reserve value, where valid assignments of
Values or Exports and Imrorts of the the policies can be made as collateral security.
ceivable .....................................
855,69314
Losses paid immediately upon completion and
United States and the T.ade Balance
Cash in Bank............................... © 184,238 44
approval of proofs.
for 30 years, 1P65 1894.
Experts of Leading Articles of Dcmestlo
Produce for Th' ee Yeai 8.
Am ount.................................. $11,340,731 88
Imp.-iis of Leading Articles of Merchandise F IICLA 8S A g e n t s
W a n t e d
for Thiee Years.
Comparative P .ice so f Merchandise, 1860,
B y a F IR S T -C L A S S COM PAN Y.]
SIX PER CENT INTEREST on the outstand­
1879 and 189 1-95.
ing certificates o f profits will be paid to the
LIB ER A L CONTRACTS.
holders thereof or their legal representatives F o r e ig n E x c h a n g e UNEXCELLED POLICIES.
Prices in New York, in 1893 and 1894.
on and after Tuesday, the fifth of February
INCORPORATED 1818.
G old an d S ilv e r next.
Review of Gold and Silver Production.
FIFTY PER CENT o f the outstanding certifi­
P-odu ctof Hdd in Australasian olonie’ .
U nion M utual
World’s « o ld Production since 1870,
cates o f the issue of 1890 will be redeemed and
World’s
Silver Production tlnce 1870.
paid to the holders thereof, or their legal rep­
Life Insurance Com pany,
resentatives, on and after Tuesday, the fifth of Investm ent s—
Compound Interest Table, Showing Aeon
Portland, Maine.
February next, from which date interest on
mulatlons of Money in a Series of Years.
Address either:
the amount so redeemable w ill cease. The
Table Showing the Rate Per Cent Realized
EDSON D. SCOFIELD, Supt.,54 William St.,N.Y.CIty,
on Stocks Purchased at different price».
certificates to be produced at the time o f pay­
THORNTON CHASE.Supt ,84 Adams St.,Chicago,111.
United States D ebt and Securities—
ment and canceled to the extent paid.
Debt of the United States, 1793-1894.
A DIVIDEND OF FORTY PER CENT is
Highest and Lowest Prices of U. S. Bonds,
declared on the net earned premiums o f the
mouthly, I8t>u-l»94.
Successors to
Company for the year ending 31st December, State Securities.—
EUGENE R. COLE,
1894, for which certificates w ill be issued on
Highest and Lowest Quotations of State
Securities, lb6u-1894.
STA TIO N B B S A N D P R IN T E R S .
and after Tuesday, the seventh o f May next.
Railroads and th eir Securities—
By order o f the Board,
Supply Banks, Bankers, Stock Brokers and Cor­
porations with complete outfits of Account Books
Railroad Statistics for the United 8tates.
J . H . C H A P M A N y Secretary.
and Stationery.
Railroad Famines in 1893 and 1894.
HP“ New oonoerns organizing will have thei
Railroad Bonds in New York, 1890-1894— orders
promptly executed.
Highest »rid Lowest Prices -.outlily.
Radio <d and Miscellaneous Stocks in New
No. 1 W I LL I AM STR EE T.
York, 1890-1894—Highest and Lowest
Prices Monthly.
TRUSTEES :
Railroad Bonds in Boston, 1894—Highest
and LoweBt Prices Monthly.
Charles H. Marshall,
J. D. Jones,
Railroad Stocks in boston. 1894—Highest
Charles D. Leverich,
W. H. H. Moore,
and Lowest Prices Monthly.
Railroad Bonds in Philadelphia, 1894—
Edward Floyd-Jones,
A. A. Raven,
Highest and Lowest Prices Monthly.
Joseph H. Chapman, George H. Macy,
Railroad Stocks in Philadelphia, 1894—
Lawrence Turnure,
James Low,
Highest and Lowest Prices Monthly.
Railroad Bonds in B alii . ore. 1894—High­
Waldron P. Brown.
James G. De Forest,
est and Lowest Prices Monthly.
Anson
W.
Hard,
William DeGroot,
Railroad Stocks iu bait)more. 1894—High­
GENUINE
Isaac Bell,
William H. Webb,
est and Lowest Prices Monthly.
WELDEl)
CHROME
STEEL AND IRON
Joseph
Agostini,
Horace Gray,
A p p en d ix —
Round and Flat Bars and 6-ply Plates and Angles
Vernon H. Brown,
Charles P. Burdett,
Investors’ SUPPLEMENT.—(Issue o f January
FOR SAFES, VAULTS, &C.
26,1895, Bound up with the R e v i e w .)
Cannot be Sawed, Cut or Drilled, and positively
Christian de Thomsen,
Henry E. Hawley,
Burglar-Proof.
Leander N. Lovell,
William E. Dodge,
CH RO M E STEEL W O R K S .
Everett Frazar,
George Bliss,
Ole Man’f’ers in the U. S. B R O O K L Y N . N. Y
Bound In red cloth, - - - - - - 92 00
William B. Boulton,
John L. Riker,
George W. Quintard,
C. A. Hand,
To Chronicle Subscribers,1!- - . . . 1 8 «
Paul L. Thebaud,
John D. Hewlett,
Given & Sicard,
John B. Woodward,
Gnstav Amsinck,
Mechanical and Civil Engineer».
George CoppelL
V. Denton Smith,
W H . B . DANA COMPANY»
General Engineering. Drawings. Patents. Specifica­
J. D. JONES, President,
tions. Engine Tests. Plans and Reports,
PUBLISHERS,
Supervision of Construction.
•
W. H. H. MOORE, Vice-President,
A. A. BAVEN, 2d Vlee-Preeideat,
* F in o S t., Cor. P e arl S t., N ow F o r k . 02 3 CHESTNUT ST., P H ILA D ELP H IA.




SEARS & W H ITE

SECURE BANK VAULTS.

X

T H E 1 C H R O N ICLE
©0tl0tt.

©niton.
Walter T. Batch.,
Henry Prescott Hatch,
Arthur Melvin Hatch

WOODWARD
& S T IL L M A N ;

Members o f N. Y . Stock and Produce

IN M A N , S W A N N & Co

MERCHANTS

OOTTON MERCHANTS,

16 to 22 WILLIAM STREET,

Mew York.

NEW YORK.
COTTON OF ALL GRADES SUITABLE TO
WANTS OF AMERICAN SPINNERS.
L ih m a n . Bt k w a co „ Limited, New Orleans, La.
Iikhman -D u r b 0On Montgomery, A la.

L E H M A N

BRO S.,

COMMISSION MERCHANTS,

96 Broadway & 6 Wall S t, New York,
Dealers in Investment stocks and bonds.
Personal attention given at the N. Y . Stock E x .
ohange for the purchase and sale on commission c l
stocks and bonds for cash or on margin.
Interest allowed on deposits, subject to draft at
sight.

c o m a u s s io iv m erc h a n ts,
1 6 to 2 2 W i ll i a m

S t ., N e w Y o r k .

F.

COTTON,

NEW YO R K .
MEMBERS OF THE STOCK, COTTON, OOF*
FEE AND PRODUCE EXCHANGES,

A t the New York Coffee Exchange, and

COFFEE,

A t the New York Produce ; Exchange
_________ and the Chicago Board o f Trade.

H ubbard, Price & C o .,

Hopkins,Dwight & Co.,

COTTON E X C H A N G E B UILD IN G,
HEW YO R K .

COTTON, COTTONSEED OIL

General Commission Merchants.

AND

Members New York Stook Exchange, New York
Optton Exchange, New York Produce Exchange, New
York Coffee Exchange, Chicago Board o f Trade.
Orders executed on any o f the above Exchanges,
also for puronase and sale o f cotton tor future de*
livery In New Orleans and Liverpool. Liberal ad
ranees made on ootton consignments.

SOUTHERN PRODUCE

&

COM M ISSION M ERCH AN TS
Room 9 2 , Cotton Exohago Building,

BO STO N,

J. O . B L O S S & C O .,
OOTTON
2 2

MERCHANTS,

W illia m
NEW

x

C OTTON M E R C H A N T S ,

ALVAH MANSUR, Vice-President,

L . A . B A T T ALLE, Cashier,
W . L. RICKER, A ss’t . Cashier
Best Organized Collection Department In Mo.

SUCCESSOR TO

Bremen Correspondents

M cF adden. Z e re g a A
M . T. m a i n s .

WM. Ba t .

b. f.

COTTON SAIL DUCK

COTTON B R O K E R S ,
-

-

N ew Y o rk .

Ootton landed at mills from Southern markets a
specialty. Orders for future delivery contracts
«YMUtAd on New York Cotton Wrobange,

Pa u l Schwarz .

s. a

Fatm an , Special.

j. a

. M ontgom ery

G eo. W . Baily & C o .,
COMMISSION MERCHANTS,
COTTON A N D N A V A L STORES.
C o tto n E x c h a n g e B ld g .
NEW YO R K .
Execute Orders for Future Delivery o f Cotton.
Correspondence Invited.

COTTON AND CRAIN

B liss,

Fabyan

6c C o . ,

NEW YO R K , BOSTON,PHILADELPHIA.

Frederick Paxson & C o .,
STOCK

BRO KERS,

B U ILD IN G ,

P H IL A D E L P H IA .

_ Private wires to New York Stock and Cotton
Exchanges and Chicago Roani o f Trade.




y

BANKERS,

No. 7 PINE STREET, NEW TORE.
INVESTMENT SECURITIES.

Se l l in g a g e n t s f o b L e a d in g b r a n d s

_

Ed w a r d

P R IN T S , D E N IM S , T I C K S , D U C K S , AO.
T o w e ls , Q u ilts . W h i t e G o o d s an d H o s ie r y .

Drills, Sheeting», <tt„ Tor Export Trade.

Jos. O. Osgood,
M. A m . Soo. 0 . E.

D w ig ht C. Morgan .

R A IL W A Y EXPERTS
D W IG H T ,

IL L IN O IS ,

U.

8.

A.

W.W-U.U
iu Lue con s'ruction
and oDeration o f railways, we offer our services as
I n d e p e n d e n t Ex p e r t s to exam ine and report
upon the ebarate' and Co n d it io n of t h e Co n st r u t io n ana E q u ip m e n t oi R a i l w a y s and also
their j»a f e N et Ka e n in q c a p a c i t y . We have
recently examined fo r capitalists and reported
separately upon nearly all o f the pH cipal railroads
west o f Chicago between Canada ana Mexico.

CHAS. M. ROLKER, E. M.

Examinations in regard to physical condition and
onaracter, earnings, management, needs, value, etc.

Mining Engineer and Metallurgist,

R a i lr o a d L o c a tio n a n d C o n s tr u c tio n .

•

•

NEW YORK

WM. FRANKLIN HALL
BOOKS

R ichard Prick Morgan.

M o rgan .

C o n s u ltin g E n g in e e r ,

Reports on Investment Properties for Bankers
and Investors.

120 BROADWAY,

r.

R ich. P. M organ & Sons,

BROWN and BLEACHED SHIRTINGS
and SHEETINGS,

2 0 NASSAU STR E ET,

-

NEW YO RK

In s p e c ts a n d r e p o r ts on m in e s , m ills an d
tre a tm e n t of o re s.

ACCOUNTANT A U D I T E D IRefers, with permission to :

New forms designed for books o f aeoount.

Settlement of Insolvent Estates.
418 Exchange Building. 63 State Street. Boator

FOB F U T U R E D E L IV E R Y .

DRBXBL

H atch & Foote,

109 Dnane Street, New York.

Fatman & Schwarz,
COTTON
C O M M IS S IO N M E R C H A N T S .
1 W illia m S tr e e t, N ew Y o r k .
Members New York Cotton, Coffee and Produce
Exchanges.
Ge o . W . B a i l t .

In addition to a General Banking Business, Buy
and sell Governm ent Bonds and Investm ent Se­
curities.

COTTON C A N V A S FE LTIN G DUCK,
C A B COVERING BAG GIN G,
R A V E N S DUCK, SA IL T W IN E , AO.,
PO PE " A W N IN G " STRIPES.
AG IN T

C o.

E v a n s , Special.

G eo. Copeland & C o .,
1 2 9 P e a r l S tre e t,

BANKERS,
N o. 6 2 C E D A R S T R E E T , >

Ml W idths and Colors, always in

F r e d e r i c Z e r e g a Sc C o .

_

G ilm an , Son & C o .,

M A N U F A C T U R E R A N D D E A L E R IN

Liverpool Correspondents
„

fliïi

,

ST. LOUIS.

B rin ekerhofl, T urn er & C o.,

UNITED STATES BUNTING CO.

P H IL A D E L P H IA .

#

American Exchange Bank,

J. Spencer Turner,

AND ALL KINDS OF

Geo. H. McFadden & Bro.

—

W A L K E R H ILL, President,

S tre e t,

YO R K.

M ASS.

Members o f New York and B oston Stook nfrrnhaugn«'

¡sS a W n p a L * * * -

G ao. H . CHURCH,

Co,

H IG H G R A D E IN V E ST M E N TS;

N o r fo lk , V a .

J. O. BLOSS.

&

Capital, . 8 5 0 0 ,0 0 0 1Surplus, - 8 3 8 5 ,0 0 0

N E W YO R K .

C O .,

Spoetai attention given to orders for ootton for
foreign or domestio shipment.

Prince
BANKERS.

G R A IN AND PROVISIONS,

O rden executed on the above Exchanges as well
s i In New Orleans, Chicago and foreign markets.

H.

E X E C U T E ORDERS FOR F U T U R E D E L IV E R Y

A t the New York, Liverpool and Now Orleans
Cotton Exchanges. A lso orders for

New Y ork.

W . T . H atch & Sons,

Henry Hentz & Co.,

Nos. 16*22 William Street,

P R IC E , R E ID

fV o L . L X .

Fifth Avenue Hotel,
Madison Square, New York.

The largest, beat appointed and most liberally
managed hotel In the city, with the m ost central
and delightful location.
HITCHCOCK D A R L IN G A 0 0 .

M e s s r s . J . & W . S E L I G M A N & C O ., N . Y .
H on. A B R A M S. H E W IT T , N. Y .
A.

E I L E R S , P r e s ’ t . C o l. S m e ltin g Co
P u e b l o , C o l.

T H E B R I T I S H S O U T H A F R I C A C O .,
19 St. 8withins Lane, London, E . C.
B A R O N E M IL E B . D ’£ R L A N G £ B ,
43 Lothbury, London. B. C.

ALFRED BEIT, Esq.,
Of MESSRS. WERNHER, BEIT & CO,
UO Bishopsgate Street. W ithin. London. B. e