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REPKESENTING TH E IN D U ST R IA L A N D COMMERCIAL IN TERESTS OP TH E U N ITE D STATES.
[Entered according to Act of Congress, In the year 1 8 9 2 , by W m . B . D a n a & C o ., In the Offloe of the L ib r a r ia n ^ Congress, W ashington, D . O.J
VO L. 54.
N E W YO R K , FEBR U AR Y 27, 1892.
I'inauctivl.
to
Ifinaucml.
F iu m ic in i.
A M E R IC A N
Bank N ote Company,
78
86 TRIN ITY PLACE,
Union Loan & Trust Co
SO LID
GORHAM
N EW YORK.
SILV E R .
M ’f ’g Co.,
B u sin e ss F o u n d e d 1 7 9 5 .
Incorporated under Laws o f the State of Sew f o r t , 1 ft58.
R e o r g a n iz e d 1 8 7 9 .
E
ngravers an d
P
Broadway & 19th St.,
r in t e r s o f
BONDS, POSTAGE & REVENUE S TA M P S ,
LEGAL TEN D ER AND N A TIO N A L BANK
N O T E S of the U N I T E D "S T A T ES ; and for
Foreign Governments.
AND 9 MAIDEN LANE.
E N G R A V IN G A N D P R IN T IN G ,
The National Park Bank
B A N K N O TES, SH A R E C E R T IF IC A T E S , BONDS
FO R G O V ER NM ENTS AN D COR PO R ATIO N S,
D R A F T S , C H E CK S, B IL L S OF E X C H A N G E ,
ST A M P S, A c ., in the finest and most artistic style
FRO M STEEL PLATES,
of New York.
S IO U X C IT Y , IO W A .
INCORPORATED 1885.
C A P I T A L , P a i d U p i n C a s h .. . . $ 1 , 0 0 0 , 0 0 0
1 7 5 , DUO
S U R P L U S ................................. ...........
DEALERS IN HIGH GRADE COM
MERCIAL PAPER,
A s u p p ly o f w h i c h i t a l w a y s h a s o n h a n d f o r
s a le at C u rren t R a t e s .
M U N IC IP A L , C O R P O R A T IO N A N D
SCH O OL BON DS.
N o S t r o n g e r L o a n a n d T r u s t C o m p a n y In
th e W e s t . C o rre s p o n d e n ce s o lic it e d .
G E O . L . J O Y , P res.
A . S , G A R R E T S O N , V ic e - P r e s .
E . R . S M I T H , S ec’ y .
P r o m p t A t t e n t i o n G i v e n t o C o ll e c t i o n s .
La Montagne, Clarke & Co.,
With SPECIAL SAFEGUARDS to PREVENT COUNTERFEITING.
Special papers manufactured exclusively for
use of the Company.
S A F E T Y COLORS.
S A F E TY PAPERS.
W ork Executed in Fireproof Buildings.
R A I L W A Y T IC K E T S OF IM P R O V E D S T Y L E S .
Show Cards, Labels, Calendars.
JAMES MACDONOUGH, President.
AUG. D. SHEPARD, 1 Vice-Presidents.
TOURO ROBERTSON, f '
THEO. H. FREELAND, Sec’y and Treat.
JNO. E. CURRIER, Ass’ t Sec’y.
J. K. MYERS. Ass’t Treas.
$ 2 , 000,000
S u r p lu s )
$ 2 ,8 0 0 ,0 0 0
S U P E R IO R C O L L E C T IO N F A C I L I T I E S .
B U Y A N D S E L L F O R E IG N E X C H A N G E .
E X T E N S IV E S A F E T Y V A U L T S F O R
T H E CONVENIENCE OF D EPO S
IT O R S A N D IN V E STO R S.
| g p E n tra n ce o n ly th ro u g h th e B a n t.
John L. Williams & Son,
AN D DEALERS IN
Capital)
B AN K E R S AN D BROKERS,
4 4 and 4 6 B roa d w a y , N ew Y o rk .
S. LA M o n t a g n e , J r „ M em ber N. Y . Stock E xch
H
LITHOGRAPHIC AND TYPE PRINTING.
BANKERS,
NO. 1,392
dl
S O U T H E R N IN V E S T M E N T S ,
R I C H M O N D , VA.
T r a n s a c t a G e n e r a l Ba n k in g Bu s in e s s . N e g o t ia t e
R .R . & M u n i c i p a l L o a n s . C o r r e s p o n d e n c e I n v i t e d .
Our M A N U A L O F IN V E S T M E N T S
largest work o f the kind published by any Banking house if1
America. Gratis to clients ds correspondants; to others, $3 a copy
“ ¡Most elaborate, handsomest and most useful work treating
upon Southern properties which ever came to notice.”—Boston
Herald. * “ Worth its weight in gold .”—Norfolk Landmark,
“ Recognized as standard authority and holds a high reputation
both in Europe and United States.” —Washington Post. “ The
States, cities, railroads, and other properties o f the South art
described with a dearness and minuteness o f detail of great value
to investors.” —N. Y. Joum. o f Commerce. “ A complete financial
and industrial record o f the Southern States.” —N. O. Times-Dem,
“ We know of no other work to compare with this Manual for the ex
tent and variety e f information it oontains.” —Money, Lon., Eng,
E b e n e z e r K. W r ig h t , President.
A r t h u r L e a r y , Vice-President.
G e o rg e S. H ic k o k , Cashier.
E d w a r d j . B a l d w in , A ss’t Cashier.
erman
Cl a r
YORK
OFFERS
TO
DE
P O S IT O R S E V E R T F A C I E I T V
W H IC H T H E IR BALANCES,
B U SIN E S S
AND
R E S P O N S I
B IL IT Y W A R R A N T .
Walter Del Mar & Co.,
Members New Y ork Stock Exchange,
75 OLD BROAD STREET
L O N D O N , E . C.
.
W
allace
B.
s m it h
.
Wm. G. Hopper & Co.,
2 8 S O U T H T H I R D S T ., P H I L A , '
S t o c k s a n d B o n d s bought and sold on Com
mission fo r Cash, or carried on favorable terms.
I n t e r e s t a l l o w e d on balances. Correspondence
solicited.
Cahoone & Wescott,
Members N e v Y ork Stock Exchange,
DIRECTORS.
Charles Scribner,
A rthur Leary,
E dvard C. H oyt,
Eugene Kelly,
E dvard E. Poor,
Ebenezer K . W right,
W
. R ockhill Potts,
Joseph T. M oore,
A
ugust Belmont,
Stuyvesant Fish,
Richard Delafield,
George S. Hart,
W ilson G. H unt,
Charles Sternbacb,
Francis R. Appleton.
18 W A L L S T R E E T .
Government and Investment Bonds.
Stocks and Bonds Bought and Sold on Commission.
N.
Holmes
&
Sons,
BANKERS,
William A . Lombard,
P IT T S B U R G , P E IN .
150 BRO AD W AY, NEW Y O R K .
CORRESPONDENTS :
Offers fo r sale Choice Bonds land Mortgages.
THE
F O U R T H N A T IO N A L
B A N K OF T H E C IT V O F N E W
ke
Private v ire s to Philadelphia, Pittsburg, Scran
ton, Reading, W ilkesbarre Lancaster and Bethle
hem . P rivate v ir e to Chicago.
Bank o f N e v York, N. B. A .
First National Bank o f Philadelphia,
A SPECIALTY—N EW YO RK CITY & COUNTRY
BANK
STOCKS,
N e t t in g P u r c h a s e r s 4 t o 1 0 P e r C e n t .
SEND FOR QUOTATIONS.
H . J.
von
H
em ert.
G . L . B o is s e
v a in
.
von Hemert & Co.,
Equitable Mortgage Co.
B O N D A N D STO C K B R O K E R S ,
f e f X 1 (c l s V ) ? . z f e
88
S u r p lu s & u m liV ld e d profits.
» 3 0 ,3 9 « « 7
A s s e t s .............................................. 1 4 , 0 7 4 , 8 13 5 6
T h i s c o m p a n y s o li c i t s c o r r e s p o n d e n c e
a b o u t a ll fir s t-c la s s In v e stm e n t s e c u r it ie s .
B u y s a n d n e g o tia te s m u n ic ip a l, R a i l r o a d ,
W a t e r , In d u s tr ia l a n d I r r ig a t io n B o n d s .
Is s u e s its d eb en tu res a n d n e g o tia te s
m o r tg a g e lo a n s .
C H A R L E S N . F O W L E R , P re s id e n t.
CHAS. BEN J. W ILKINSON, Vice-President.
H E N R Y P . CHURCHILL, Vice-President.
B. P . SH AW H A N . SoO. and Treas.
O F F IC E S t
N e v York, 808 B ’v a y .
I Boat., il^ D evon sh lre St
Phlla., 4th and Chestnut. Kansas City, Missouri.
L ondon, England.
I Berlin. G erm ap-
S O U T H E R N IN V E S T M E N T S E C U R IT IE S
RO ANO KE, VA.
__________ A S P E C IA L T Y
Augustus
Floyd,
3 2 P in e S treet, M ew Y o r k ,
Broker %n Investment
Securities.
A . J. Weil & Co.,
IN V E S T M E N T S E C U R I T I E S '
36 Wall St., New York and St. Lonll.
il
TH E
CH RONICLE
fV O L .
LTV,
jBattlm* and §xnxotxs uf ffm;sign S p a n ge
Drexel, Morgan & Co.,
Heidelbach,
W A L L STREET, CORNER OF B R O A D ,
B A R I N G , M A G O IJN & C O .,
1 5 WALL ST., NEW YORK,
NEW YORK,
SUCCESSORS TO
Drexel,Harjes & Co.
KIDDER, PEABODY & CO., NEW YORK,
C or. o f 6th &Chestnut Sts 31 B oulerard Haussmann
Buy and Sell Exchange
on principal European cities.
Isstie Commercial and Travelers’ Credits
available in all parts o f the world.
Drexel & Co.,
r a i i .A D E i .r a i A
P A R IS .
D O M E S T IC A N D F O R E IG N B A N K E R S .
Deposits received subject to D raft. Securities
b ough t and sold on com m ission. Interest allowed
en Deposits, Foreign Exchange, Commercial Cred
its, Cable Transfers, Circular L etters fo r Travel
ers, available in all parts o f the w orld i
Agents and Attorneys o f
BARING BROTHERS & CO., L im it e d
LONDON.
*
KIDDER, PEABODY & CO., BOSTON.
Choice Investment Securities.
A T T O R N E Y S A N D A G E N TS O T '
M e s s r s . J . S . M O R G A N & C O .,
No. 2 2 OLD B R O A D ST R E E T, LONDON
Brown Brothers & Co,
P H IL A .
NEW YO RK ,
BOSTON .
1 5» W a ll S t,
A L E X . B R O W N & SON S, B A L T IM O R E .
CONNECTED B Y P R IV A T E W IR E .
Members N. Y., Phila. and Baltim ore Stock E xch ’s.
Buy and sell first-class t
.
Investm ent Securities fo r I n V C S i m P T l t '
custom ers.
R eceive a cv
A1A1V.11 L
counts o f Banks, Bankers,
Corporations, Firms and In - O _______ ‘ . * ___
dividual», on
favorable O C C U F l L l G S
terms. Collect drafts drawn
abroad on all points in the United States and Cana
da, and drafts drawn in the United States on fo r
eign countries.
Buy and sell Bills o f Exchange
and make cable transfers on
o f
all points. Issue Commercial
and Travelers’ Credits available
in all parts o f the w orld.
Letters
Credit.
BROWN, SHIPLEY & CO., LONDON
J. & J. Stuart & Co.,
33 NASSAU S T R E E T .
G e o r g e Co p p e l l ,
T h o m a s Ma i t l a n d
G e r a l d L. H o y t , Member o f N. Y. stock Ex,
BANKERS,
W illia m S tre e t, corn er I x ch a n ge P la c e .
ISSUE
Circular Letters of Credit
for Travelers Abroad
a v a ila b le in a ll p a r t« o f the w o rld ,
on the
U N IO N B A N K O F L O N D O N , L ’ T ’ D .
T h e s e c red its can a ls o b e ob tained a t the
F ifth A v e n u e B a n k , 4 4 t h S t. an d 5 th A v s
Knauth, Nachod & Kühne
BAN KERS,
Maitland, Phelps & Co.,
5 South William Street, New York.
22 AND 24 EXCH AN G E P I ACE,
L E T T E R S O F C R E D IT
a v a ila b le e v e ry w h e re .
DRAFTS
en a l l p a rts o i th e w o rld .
NEW YO R K .
Orders executed fo r all investm ent Securities
A ct as agents o f Corporations, and negotiate and
issue Loans.
BILLS OF E X
CHANGE
Messrs. Smith, Payne
A Smiths, L ondon
TE LE G R A P H IC
TRAN SFERS
Messrs. Mallet Freres
A Cle, Paris :
ON
TRANSFERS
by m a ll an d te le g r a p h .
Kessler & Co.,
BAN KERS,
54 W A L L STREET, NEW Y O R K ’
Banoo N adon al de
Mexloo, M exico, and
its Branohes.
Buy and Sell Bills o f Exchange and
Gable Transfers on all the Prin
cipal European Cities.
AGENTS FO R T H E BAN K OF A U ST R A L A SIA .
ISSUE COMMERCIAL A N D
TRAVELLERS'
CREDITS, .B U Y A N D SELL R A IL R O A D
STOCKS, BONDS AN D INVESTMENT SE
CURITIES. A C T AS FIN AN C IAL
AGENTS FOR CORPORATIONS.
LE TTER S OF
CREDIT
J
l
August Belmont & Co.,
BILLS OF EXCHANGE ON
Ickelheimer & Co.,
BANKERS,
N o. 2 3 N ASSAU S T R E E T «
A g e n t s a n d Co rre spo n d en ts o r t h e
T H E N EW YORK
M AN C H E S T E R A C O U N TY R A N K ,
M essrs. R O T H S C H IL D ,
“ LIM ITE D.”
L o n d o n , P a r i s , F r a n k f o r t a n d V ie n n a .
M ANCHESTER, P A Y A B L E IN LONDON j
Issne Circular Credits for travelers available In
all parts o f the world.
U L S T E R R A N K IN G C O M P A N Y ,
Transacts a general banking business.
ALSO COMMERCIAL CREDITS.
BELFA ST, IR ELA N D ,
R eceives accounts o f banks, bankers and corpora
Draw Bills o f Exchange and make Cable Transfers
A N D ON TH E
tions
upon favorable terms.
to Europe, W est Indies, Mexico and California.
N A T IO N A L R A N K O F SC O TLAN D , E xecute orders fo r the purchase and sale o f Invest
Issues certificates o f deposit bearing interest.
m
ent
Securities.
EDIN BU RGH A N D BRANCHES.
Solicits m ercantile and personal accounts.
ALSO
Bills o f exchange drawn on, and cable transfers
C ABLE TRAN SFERS & LE TTER S OF CREDIT
made through, T H E CITY BANK, Lim ited
LONDON.
Circular letters o f credit issued fo r travelers’ u i«
SUCCESSORS
TO
John
M unroe
in foreign cou n tries; also com m ercial credits.
J E S U P , P A T O Y Sc CO.,
N o. 3 2 Nassau Street, N ew Y o r k .
A ccoun ts o f foreign bankers received and co l
lections In the United States made on favorable
5 2 W i lli a m Street, N ew Y o r k .
N o. 4 P o st Office Square, B o sto n .
terms.
A gents In New Y ork o f the
A ccounts and A gency o f Banks, Corporations
Issu e Circular Letters o f Credit fo r Travelers’ Use firms
and individuals received upon favorable terms.
BANCO NACIONAL DJC CHILE.
A broad against Cash or Satisfactory
Dividends
and
Interest
collected
and
remitted.
Guaranty o f Re-paym ent
A ct as agents fo r corporations in paying coupons
dividends; also as transfer agents.
E x o h a n se o n L o n d o n , P a ris, B erlin , and
J. W . D im m ic k ,
A . M . B a l d w in ,
Bonds, Stocks and Securities bought and sold on
P resident.
Cashier
Z u ric h a n d St. G all.
commission at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
Cr e d it s Op e n e d a n d P a y m e n t s m a d e b y Ca b l e sold.
DRAW ON
C O L L E C T IO N S AN D IN V E S T M E N T S
P a ris H ou se—M U N R O E & CO.
TH E UNION B A N K OF LONDON,
M ADE B Y
BRITISH LINEN CO. B AN K LONDON AND
SCOTLAND.
SMITH,
P AYN E
& S M IT H ’S
BAN KERS, LONDON.
Produce Exchange Bank,
&
Co.,
John Paton &
Co.,
ALABAM A
F IR S T N A T IO N A L B A N K ,
Schulz & Ruckgaber,
BAN KERS,
20
W IL L IA M
STREET, NEW Y O R K .
Correspondents o f the
In ter n a tio n a l B a n k o f L on d o n (Lim ited),
l o h . B e ren b e rg , G e S sle r & C o ., H a m b u r g .
B rem en B a n k , B re m e n .
M a r c u a r d , K r a u s s Ac C o ., P a r is .
Commercial and Travelers’ Crédits.
Bills o f E i «hange.
Cable Transfers.
Kountze Brothers,
BAN KBBg,
M B R O A D W A Y , Equitable Building, N EW YO RK
L E T T E R S OS C R E D I T A N D C I R C U L A R
NOTES
Issued fo r th e use o f travelers in all parts o f the
w orld. Bills drawn on the U nion Bank o f London.
Telegraphic transfers made to London and to
various places In the United States. Deposits re
ceived, su bject to check at sight, and interest
allow ed on balances. Governm ent and other bonds
and investm ent securities bough t and sold on com
m ission.
SWISS UNION BAN K ,
Sehweizerische Union Banlr.
S T . G A L L E , (S w itz e r la n d ).
C a p ita l P aid Up
1 2 ,0 0 0 , 0 0 0 F ra n c s,
Solicit Accounts and Agencies of Banks and
Bankers.
INTEREST ALLOWED ON DEPOSITS.
CABLE TRANSFERS. LETTERS OF CREDIT
M ONTGOM ERY,
J. & W . Seligman & C o .,
BANKERS,
N o. 2 3 B R O A D S T R E E T ,
N ew Y o r k .
Issue Letters of Credit for Travelers
On SELIGMAN BROTHERS, London.
SELIGMAN FRERES A C IB -P a rls.
SELIGMAN & STETTHEIMER, Frankfort.
ALSBERG, GOLDBERG & CO., Amsterdam.
A LTM A N Sc STETTHEIMER, Berlin.
Payable In any part o f Europe, Asia, Africa, A us
tralia and America.
Draw Bills o f Exchange and make Telegraphic
Transfers o f M oney on Europe and California.
J. Kennedy Tod & Co.,
ALA.
CORRESPONDENCE IN VITED
N ew Orleans Canal &
Banking Company,
N E W O R L E A N S, L A .
C a p i t a l ...R l,0 0 0 ,0 0 0 I S u r p lu s .... 3 4 7 5 ,0 0 0
J. C. MORRIS, Pres.
E D W A R D TOBY, Cash,
Co r r e sp o n d e n t s —Nat. City Bank, Nat. Bank o<
Commerce, New York. Boatm en’s Bank, St. Louis.
N. W . Nat Bank, .Chicago. Merchants’ Nat. Boston
Bank o f Buffalo,
B U F F A L O , N. Y .
8 .8 . J e w e t t , P res’t.
w m . C. Co r n w e l l , Cash’ r
C a p ita l...... 3 3 0 0 , 0 0 0 I S u rp lu s.......3 3 2 5 , 0 0 0
NO. 4 5 W A L L STREET, N E W Y O R K .
This Bank has superior facilities fo r making Col
lections in and out o f the city on the m ost liberal
Deposits received subject to draft, and interest terms, and with careful attention to th e best inter
ests o f its correspondents.
allowed on balances.
Co r r e sp o n d e n t s Importers’ Sc Traders' Na
tional Bank and Chemical National Bank, New
Merchants’ Loan Sc Trust C o„ Chicago; Union
OFFER INVESTMENT SECURITIES. York
Bank o f London. London.
Bonds and Stocks bought and sold on commission
on all American Canadian, British and Dutch
markets.
Transfer of 8took and Bonds. Payment and ee
lection of Dividends, Coupons and Interest War
BA N K E R S A N D COMMISSION M E R C H A N T S
rants. Foreign Exchange and Cable Transfers on
Lamt en and Paris
8 8 W a l l S treetJ N e w Y o r k «
BANKERS,
R. T , Wilson & Co.,
F e br u ar y 2 7
TH E
18V 2 ,]
© ’a n a d i a n S a n i e s «
g jo r c e ig a .
Bank of Montreal,
[ISTABLISHKD 1818.]
C A P I T A L P a id In - SURPLUS
. . . .
CH RONICLE
$ 1 3 ,0 0 0 * 0 0 0 Gold
$ 0 , 0 0 0 . 0 0 0 G old
Bon. Sir DONALD A . SMITH. President.
E. 8. CLOUSTON, General Manager.
fin a n c ia l.
The Union Discount Co. N ew Ycrk Guaranty &
of London, Limit’d.
Indemnity Co.,
89 C om hlll, London, February 2$, 1892.
C a p ita l S u b scrib e d ..........................$ 6 , 3 0 5 . 0 0 0
Paid u p ............................................
3 ,1 5 3 ,5 0 0
R e se rv e F u n d .....................................
9 7 0 ,0 0 6
N E W Y O R K OFFICE:
$4 8 5 -£ l.
Noe. 59 a n d 61 W A L L S T R E E T .
NOTICE IS H E R E B Y GIVEN that the RATE S
o f INTEREST allowed fo r m oney on deposit are as
follow s;
WALTER W ATSO N ,} A „ a n t,
A L B X ’B liA N O ,
f A g e n ts .
Bay and sell Sterling ana Continental Exchange
nd Cable T ra n s fe rs ; grant Commercial and Travel
o r s’ Credits available in any part o f the W orld
•sue drafts on, and make collections in, Chicago
and throughout the Dom inion o f Canada.
L o n d on Office* N o. 3 3 A bclinrcli L a n e.
Canadian Bank of Commerce
C a p ita l and S u r p lu s .......................$ 6 , 9 0 0 , 0 0 0
A L E X . LA IR D and W M. C R A Y
AGENTS,
1 6 E X C H A N G E P L A C E , N E W Y O R K ..
BUY AND SELL STERLING EXCHANGE, CABLE
TRAN SFERS, BTC.
Issu e C om m ercial C re d its a v a ila b le In a ll
p a rts of the w o r ld .
Canadian Currency bought.
Drafts drawn on and Collections made at all
points in Canada.
Merchants' Bank of Canada
C a p ita l S tock P a id Up................ . $ 5 , 7 9 9 , 3 0 0
R e s e r v e F u n d ...................................$ 3 ,5 1 0 , 0 0 0
A T C A L L , 3 P E R CENT.
A T 3 to 7 D A Y S ’ N O T IC E , 3 K P E R C E N T .
The Company discounts approved bank and mer
cantile acceptances, receives m oney on deposit at
rates advertised from tim e to time in the London
Paris and Berlin papers, and grants loans on approved negotiable securities.
C H R IS T O P H E R R . N U G E N T , M an a ger.
Blake, Boissevain & Co.,
L O N D O N ,
E N G L A N D .
N e g o tia te Railway, State and City loans.
E x e c u t e orders fo r bonds, Shares, e ta, on Com
misslou and transact a general Banking an
Commission Business.
S p e c ia l a tten tion given to the execution o f
orders fo r Securities on the New York, Lon
don and Amsterdam Exchanges, in corres
pondence with
BLAKE
BROTHERS
&
Henry Hague and John B; Harris, Jr.,
AGENTS,
AND]
61
W ALL
STR EET,
NEW
YORK.
TRAN SFERS, &C
Issu e C o m m ercial C re d its. A v a ila b l e
a ll P a r ts ol the W o r ld .
A m sterd a m . H o lla n d .
Imperial Bank of Canada.
D ra w ers o f Sterlings E x ch an ge ,
AGENCY
B
a
OF
n
A D O L P H B O IS S E V A IN & CO.
In
C A P I T A L (paid up)
.
$ 1 ,9 0 0 ,0 0 0
SU RPLUS
9 5 0 ,0 0 0
H . S. HOW LAN D, Pres’t.
T. R. M E R RITT, Y .-P.
D. R. W ILK IE , Cashier.
H E A D O F F IC E , T O R O N T O .
B r a n c h e s i n O n t a r i o .— Essex, Fergus, Galt,
Ingersoll, Niagara Falls, P ort Colborne, St. Cath
arines, St. Thomas, Sault Ste Marie, W elland,
W oodstock, R at Portage'.
T o r o n t o .— W ellington Street, Y on ge and Queen
Sts., Yonge and Bloor Sts.
B r a n c h e s i n N o r t h w e s t — W innipeg, Brandon,
Calgary, Portage la Prairie, Prince Albert, Edm on
ton .
Agents in London :
I A gents in New York,
L loyd ’s Bank, limited. |B a n k o r M o n t r e a l .
Collections prom ptly made in any part o f Canada.
OF
The Railway Share Trust
& Agency Company,
LIM ITED,
4 Bank Buildings, London, England,
S ub scrib ed and P aid -u p C a p ita l, ¿ 6 9 7 1 ,3 0 0
This Company undertakes the negotiation and
issue o f Loans and Capital o f companies on the Lon
don market, and acts as agent fo r approved Railways
or other Corporations in payment o f Interest, Divi
dends, Registration o f Stock, and generally, and also
as Trustee fo r Debenture holders.
C ABLE ADDRESS, P A Y Y , LONDON.
Heinemann & Co.,
62 Gresham House, E. C.,
B r it is h N o r t h A m e r ic a ,
N o. 53 W A L L
STR EET.
Buy and sell Sterling Exchange and Cable Trans
fers. Issue demand drafts on Scotland and Ireland;
also on Canada, British Columbia and San Fran
cisco.
C I R C U L A R N O T E S issued in Pounds Ster
ling, available in all parts o f the world. CO M «
M E R C I A L C R E D I T S IS S U E D for nse in
Europe, China. Japan, East and W est Indies and the
Brazils, River Plate, &c.
Bills collected and other banking business trans
acted.
H . STIKEMAN,
) .
F. BROW NFIELD. ( Agents.
Hong Kong & Shanghai
B A N K IN G
C O R P O R A T IO N .
Paid-up Capital......................................... $10,000,000 00
Reserve F un d ............................................ 6,806,596 81
R eserve Liability o f P roprietors........... 10,000,000 00
The Corporation grant Drafts, issue Letters o f
Credit fo r use o f travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore,
Saigon, Manila, H ong Kong, Foocnow , A m oy,
Ningpo, Shanghai, Hankow, Yokohama. H ioao
San Francisco and London.
A . M . T O W N S E N D , A g en t, 5 0 W a ll St.
.
$ 2 ,0 0 6 ,0 0 0
$ 5 0 0 ,0 0 0
TRAN SACTS A G EN ERAL BAN KIN G A N D
TRUST COMPANY BUSINESS, AND SOLICITS
T H E ACCOUNTS OF CORPORATIONS, FIRMS
A N D IN DIVIDU ALS.
in -LninCiSX AijiiU VYiUD UjN DEPOSITS.
E D W I N P A C K A R D . P re sid e n t.
A D R I A N I S E L I N , J r ., V ice -P re sid e n t.
G E O . R . T U R N B U L L , 2 d V ic e -P re s id e n t.
H E N R Y A . M U R R A Y , T r e a s . an d Sec.
J . N E L S O N B O R L A N D , A s s is t . S e c r e ta r y
DIRECTORS.
Samuel D. Babcock,
Augustus D. Juilliard,
Frederic Cromwell,
Richard A . McCurdy,
Josiah M. Fiske,
Edwin Packard,
W alter R. Gillette,
H enry H . Rogers,
R obert Goelet,
H enry W . Smith,
George Griswold H aven, H . McK. Twombly,
Oliver Harriman,
Frederick W . Vanderbilt,
Charles R. H enderson,
William C. W hitney,
Adrian lselin, Jr.,
J. H ood W right.
EXECUTIVE? COMMITTEE.
Samuel D. Babcock,
Richard A . McCurdy
Frederic Cromwell,
Edwin Packard,
George Griswold H aven, H . McK. Twombly,
Augustus D. Juilliard,
H enry H . Rogers.
Assets D ec. 3 1 , 1 8 9 1
$ 6 ,7 3 7 .9 8 8 2 7
S u rplu s
. ........................
6 4 9 ,0 4 1 05
1850.
1892.
The United States Life
Insurance Co
S olic it accounts and agencies o f Banks, Railways
Corporations, Firms and Individuals upon
favorable terms; also orders fo r the pur
chase and sale o f Bonds, Shares,
&c.
on the Stock Exchange.
In te r e st allowed on Deposits, subject to 60-days
sight drafts, at Bank o f England rate, and
one per cent below that rate subject to de
mand drafts.
N e g o t i a t e Railway, State and City Loans.
Pierce, Wright &
N EW IN SU RAN CE W R IT TE N .
........... $6,835,665 50 11890. ......... $11,955,157
............ 8,463,625 00 11891., ......... 14,101,654
C E O . H. B U R F O R D President.
C. P. F R A L E IG H ,
A . W H E E L W R IG H Secretary.
Assistant Secretary
WM. T . STANDEN, Actuary.
T he tw o m ost popular plans o f L IF E INSUR
ANCE are the CONTINUABLE TERM POLICY
which gives to the Insured the greatest possible
amount o f indem nity In the even t o f death at the
low est possible present cash outlay; and the
G U ARAN TEED INCOME POLICY,which embraces
every valuable featu re o f investm ent insurance,
and which. In the even t o f adversity overtaking
the Insured, m ay be used as C OLL A T ER A L SE
C U R ITY FOR A LOAN to the extent o f the fu ll
legal reserve value thereof. In accordance with th e
term s and conditions o f these policies.
Good Agents, desiring to represent the Company
are Invited to address J . 8 . G A F F N E Y , Super
intendent o f Agencies, at H om e Office.
SECU RE
LONDON.
Co.,
52 N ew B ro a d Street.
L O N D O N , E . C.
A ct as Agents fo r American Banks and Financia
Companies. Collect Foreign Exchange and execute
orders on commission on the London Market.
INTEREST ON DEPOSITS. C ABLE TRANSFERS.
The Bank of Australasia. Dennistoun, Cross & C o .,
(Incorporated by R oyal Charter, 1835.)
N o . 4 T b r e a d n e e d l e S tr e e t* L o n d o n .
Paid-up Capital. £1,600,000: Reserve Fund, £800 060; R eserve Liability o f Proprietors under the
Bharter, £1,600,000.
Letters o f Credit and Drafts issued on any o f the
Humeious branches o f the Bank throughout A us
tralia and New Zealand. Bills negotiated or sent
for collection. Telegraphic transfers m a d a
Deposits received In L ondon at interest fo r fixed
periods, on terms which m a y b e ascertained on anplioatlor,
PRIDEAUX SELBY. Secretary.
-
IN T H E C I T Y OF N E W Y O R K .
THE
k
M u tu a l Life B u ild in g .
C A P IT A L ,
SURPLU S,
CO.
5 N assau Street. N ew Y o rk )
38 State Street. B osto n ,| M ass..
BUY A N D SELL STERLING EXCHANGE, CABLE
59 C ED AR S T R E E T , N E W Y O R K ,
Bartholomew Lane, London, E. C.,
E xecu te orders fo r the purchase and sale o l
Bonds, Stooks, Ac., on the Stock E xchange; receive
accounts and A gencies o f Banks, Railways, Corpo
rations, Firms and Individuals upon favorable
term s; Commercial and Travelers’ Credits and
Bills o f Exchange on them are issued by their
A gents and A ttorneys.
M O SLE BRO TH ERS,
53 EXCH ANGE PLACE, N EW Y O R K
BANK
VAU LTS.
G E N U IN E
WELDED CHROME STEEL AND IKON
in Round and Flat Bars, and 5-ply Plates and Angle
FOR SAFES, V AU LTS, Ac.
Cannot be Sawed, Cut, or Drilled, and positively
Burglar-Proof.
CH ROM E! S T E E L W O R K S ,
BRO O KLYN , N. Y
Sole Man’f ’era in the U. 8.
W IL L IA M H E N R I CH AN DLER
W A LD R O N 8H 1 P L E IG H ,
Sc
Chemical Engineers and
Consulting Chenr’sts.
Chemical Industries Investigated, New Processes
Examined, Plans and Specifications o f W orks Furndshed. A lso Yearly Contracts fo r Consultations.
R o o m s 9 7 & 98 » 8 0 B r o a d w a y , N e w Y o r k .
JOSEPH GILLOTT’S
STEEL PENS.
GOLD MEDAL, PARIS EXPOSITION, 188ft
THEM08T PERFECTOFPEN8.
TH E
iU m & e r s
B
oody,
M cLELLAN &
a n d
CHRONICLE,
f t v o k e x s
V o l . LTV,
in M&m
Cittì.
________ _ ____________ _____ ___________JS
NEW
Taintor & Holt,
Co.,
YORK
BROOKLYN
FIN A N C IA L
BANKERS
BANKERS,
AND
TRUST CO’S STOCKS.
B r o a d w a y , o p p o s ite E x ch a n g e P la c e .
P. O. B o x 447.
No. 11 Wall Street, Cor. New, New York.
Investment Securities
TRAN SACT A GEN ERAL BANKING AND STOCK
A specialty, including W ater Bonds, Car Trust
B onds and first-class Ball way Bonds.
Particulars furnished on application.
EXCHANGE BUSINESS.
D e a l t In b y
P rivate telegraph wires to P rovidence and Boston
W IL L IA M C. N O Y E S '
07
Da t e d a . b o o d y ,
C. W . m c L k l l a n ,
H e n r y t . Bo o d y .
Specialties fo r Twenty Tears.
G. E. TA IN TO R. G. D. L ’H U ILIER. G. H . H O L l
96
"Henry S. Redmond,
M em be r K. T . Stock E x h c a n g e ,
[4 8
W ALL
STREET, NEW
YORK.
AND D EALERS IN INVESTMENT SECURITIES
Carefully compiled list o f choice Investm ent Bonds
furnished npon application.
SAMUEL D. DAVIS,
Fred H. Smith,
Emerson
CHAS. B. VAN NOSTRASO.
Member N. V. Stoch Exchange
^
6c Turnbull,
No. 2 0 Broad Street, New York.
B A N K E R S AN D B R O K E R S-
STOCKS, BONDS AND PET ROLE CM.
80 BRO AD W AY.
IN V E S T M E N T S E C U R IT IE S .
M A R G IN ACCO U N TS S O L IC IT E D .
1 . 1 0 P e r C e n t C o m m is s io n .
IN TEREST ALLOWED* ON BALANCES.
to. „
Correspondence Invited.
[ ESTABLISHED SINCE 1868.
St e w a r t
B row n ’s
Sons,
YORK.
Wood, Huestis 6c Co.,
BANKERS
No. 4 4 W A L L S T ., N E W Y O R K
B O N D S .
BROADW AY, NEW
Samuel D. Davis & Co.,
BO N D S.
W . K. B. E merson ,
R a m sa y T urnbull
Member N. Y. Stock Exchange.
31 Pine Street, New York City.
COMMISSION
BROKERS,
AN D DEALERS IN
IN V E S T M E N T S E C U R IT IE S .
C. H . HUESTIS
(Member N. Y . Stock Exchange)''
L. M. SW AN,
E. H . LA D D , JR.,
General Partners.
C. D. WOOD, Special Partner.
R . A . Lancasrer 6c Co.,
B AN KERS,
Simon Borg 6c Co.,
Mo. 1 0 W A L L S T R E E T ,
N o . 2 0 NASSAU S T ., N E W Y O R K ,
M EW Y O R K .
DEALERS IN ALL KINDS OJ
Members New York Stock Exchange,
DEALERS IN
STO CK B R O K E R S ,
Railroad and Investment Securities,
64 BR O A D W A Y, N EW YO RK.
Southern securities a Specialty
Stocks and bonds bought and sold on commission
small or large lots. A ooounts solicited. In fo r
m ation promptly given.
INVESTMENT and MISCELLANEOUS
SECURITIES.
Robertson 6c James,
S ou th ern Securities a Specialty*
BO N D and ST O C K B R O K E R S .
W M. M. H A RR IM A N , Member N. Y . Stock E xchange
NICHOLAS FISH.
OLIVER H A R R IM A N , Jr
Fahnestock &
Co.,
Dealers in Investment Securities,
B A N K E R S AND B R O K E R S ,
Supply selected investment bonds fo r cash or In
xehange lo r marketable securities.
Bxeeute commission orders for investors at the
Btooa Exchange or in the open market.
Furnish information respecting bonds
Harriman 6c Co.,
NO. 7 N A S S A U S T R E E T ,
3 W a l l Street, N e w Y o r k .
(Continental National Bank Building,)
N ew
N o. 12 0 B R O A D W A Y , ;N E W Y O R K ,
Y ork.
EQU ITABLE BUILDING,
R. J. Kimball & Co.,
BANKERS AND BROKERS.
(Established in 1866.)
TRAN SACT A GEN ERAL BANKING AND STOCK
Gilman Son & Co.,
B A N K E R S A N D BRO KERS,
EXCHANGE BUSINESS.
BAN KERS,
16 a n d 18 B ro a d Street, New Y o r k .
NO. 62 C E D A R S T R E E T .
Members o f the New York Stock Exchange and o f
the Philadelphia Stock Exchange.
R ober t j . K im b a l l . A lfr e d B .L o u n s b e r r y .
In addition to a General Banking Business, Buy
and te ll Governm ent Bonds and Investm ent Se
curities.
Young
John R . Davis & Co.,
BANKERS AND BROKERS,
N o. 10 W A L L S T ., N E W Y O R K .
Orders fo r Stocks and Bonds executed at all Ex
changes
Especial attention given to supplying high-class
IN V E S T M E N T SE C U R IT IE S .
H e n r y G. Ca m p b e l l , 1 Members N. Y . Stock
J. B o rd en H a r k im a n , >
Exchange.
H. G. Campbell & Co.,
B A N K E R S AND B R O K E R S ,
9 N ew s tr e e t and 7 4 B ro a d w a y ,
N EW YO RK
Marquand & Skehan,
B A N K E R S AND B R O K E R S,
In vestm en t B o n d s a n d S tocks,
46 W a l l
S tre e t, M e w Y o r k .
Investment
T.
6c Nelson,
Securities
a Specialty.
s. Y oung , j r „
w
Member N. Y . Stock Bxohange.
E m erson M cM il l in .
henry
. 8.
n b ia o x
B. W ils o n .
Emerson McMillin & Co.
40 W A L L STREET, NEW Y O R K .
Negotiations Conducted fo r Purchase and Sale o f
G a s , E le c t r ic , W a t e r , S t r e e t R a i l w a y , C o a l,
I r o n a n d I n d u s t r ia l P r o p e r t i e s .
Securities negotiated only upon personal examina
tion o f property.
R ober t Go od b o d y .
A . L. L ee .
G. B. W a t t s , J r
Robert Goodbody & Co.,
3 0 B R O A D S T R E E T , N . Y .,
BANKERS
S to c k s
AND
and
on
AND
RAILROAB STOCKS AND BONDS
BOU GH T AND
SOLD
A t l > 1 6 t h p e r c e n t C o m m is s io n
24
BROAD
N ew
STREET
Y ork.
Hatch 6c Foote,
7 P IN E S T R E E T , N EW YO RK .
S E C U R IT IE S ,
Howard Lapsley 6c Co.*
No. 1 Exchange Court
N EW Y O R K
P r i v a t e W i r e « t o B o s t o n a n d P h i l a d e lp h ia ^
RANKERS,
B R O K E R S ,
MemDers o f the Consolidated Stock and P.etro eum
Exchange.
BAN KERS AND B R O K E R S,
NO.
BANKERS AND BROKERS,
Haven 6c Stout,
2 E x ch a n g e C ou rt, N . Y .
W. H. Goadby & Co.,
IM Y E S T M E M T
R ussell m a r q u a n d
J a m e s B. Sk e h a n
Member N. Y . Stock Exchange.
B A N K E R S
Rolston & Bass,
STOCKS, BONDS AND MISCELLANEOUS
SECURITIES.
W . H . ROLSTON,
I 2 0 B r o a d S tr e e t»
W . A L E X . HASS, Jr. I
vvur YORK
Members N. Y . Stock Ex.
SKVV F O R K .
EDW IN S. HOOLEY. 1
P. 0 . B ox 3.080
BROKERS
B o n d s B o u g h t a n d S o ld
C o m m is s io n .
INTEREST ALLOW ED ON DEPOSITS.
16 B R O A D STRE E T, NEW Y O R K .
INVESTMENT BONDS A SPECIALTY.
18
W ALL
STR EET, N E W
YORK.
E stab lish e d 1 8 6 5 .
MEMBERS OF N EW YO RK STOCK EXCHANGE
Allow interest on deposits subject to sight' check.
Buy and sell on commission stocks and bonds either
for cash or on margin, and deal in
Investment Securities.
A . M. K i d d e r ,
H . j . M orse
Ch a s . d . Ma r v in ,
W . M. KlDDEB.
H I. N ic h o l a s ,
W . C. T a y l o r ,
Members N. Y . Stock Exchange.
j . s . N ic h o l a s *
m . Ma y e r .
H. I. Nicholas 6c Co.*
BANKERS
INVESTMENT
AND
BROKERS.
SECURITIES A
SPECIAL TY
11 Wall Street, New York.
TH E
F e b r u a r y 3 7 , 18S3.]
CHRONICLE
T
PACIFIC COAST.
J B a ti& e rß a u Ä % x t f k t x z © u t jo t U t e w H o w fe .
P E N N S Y L V A N IA
N E W ENGLAND.
FOOTE
THOM AS B . R E A .
& FRENCH,
Congress
Street,
B o sto n ,
; SA M U E L R E A .
Pa.
P ittsb u rg
Tacoma National Bank,
115 F o u rth A ven u e, P ittsb u rg,
Mass*
STOCKS, BONDS AND GRÜN.
GOVERNMENT BONDS bought and
sold.
MEMBERS OE THE
N ew
Y ork ,
P h ila d e lp h ia
an d
RAILROAD BONDS of conservative
issues constantly on hand.
PR IV A T E W IRE S TO N EW YO RK k CHICAGO
COMMISSION ORDERS executed In
bonds and stocks.
Henry
S tock E xch a n ges.
FOREIGN EXCHANGE bought and
sold.
obhua
W il b o u r .
78
Sproul
FOURTH
&
Co.,
AVENUE,
N E W Y O R K STO CK E X C H A N G E .
BAN KERS AN D BROKERS,
P H IL A D E L P H IA ST O C K E X C H A N G E .
NO.R52 W E Y B O S S E T S T R E E T ,
¡ P I T T S B U R G E X C H A N G E (3 M e m b e rs).
P R O V ID E N C E , R . I.
P .I T .T .S.B U iB G , P A .
Dealers in Commercial Paper, Governm ent and
Other first-class Bonds and Securities and Foreign
Exchange.
Private telegraph wire to New Y ork and Boston.
Whitney & Stephenson*
Noyes & Bridge.
N o. 57 F O U R T H A V E N U E .
ESTABLISH ED 1871.
Oldest Pittsburg members N. Y . Stock Exchange
E. W . Clark & Co.,
BANKERS AN D BROKERS.
EXCHANGE BUILDING,
S3 STATE STREET, BOSTON, MASS.
N o . 139 South F o u r th St.,
Sheldon & Binney,
Pransact a general hanking business. A llow
aterest on deposits.
Members o f the Philadelphia and New York
Btock Exchanges, and connected by private wire
with New York.
CAarlks
h
. Sh e l d o n , J r .
W
b il ia m
B in n h t , J r .
M IS C E L L A N E O U S .
CITY AND COUNTY
BONDS.
B O U G H T A N D SO LD .
P H IL A D E L P H IA .
Wilson, Colston & Co.,
B AN K ER S,
(Members o f Baltimore Stock Exchange)
B A L T IM O R E .
(INVESTMENT and SOUTHERN SECCBITIB
a specialty.)
Correspondence invited and inform ation fo r
nlshed.
N. Y . Correspondents—M oK im B r o t h e r s k Co.
NEWARK
RICHMOND,
Mortgage Loans
IN
TEXAS.
NO COMMISSIONS charged borrow er or lender unti
loans have proven good.
&
C O .,
__________S A N A N T O N IO . T E X A S .
The
Colorado
TRUSTEEr-THE STATE TRUST CO.,
N o . 5 0 W a l l S t r e e t , N e w Y o r k C it y .
PA RT IC U L AR S UPON APPLICA TIO N .
The Gurley Investment
Company,
C apital a n d Su rplu s,
COLO.
-
$ 5 0 0 ,0 0 0
G. R. Voss,
Commercial Paper,
Bonds, Stocks and Investm ent Securities.
Davenport & Co.,
BANKERS
Mining
Investment Company,
41 W A L L S T R E E T , N E W Y O R K ,
AND
Omaha, Nebraska.
B R O K E R S,
R IC H M O N D , V IR G IN IA .
7 C lin ton Street, N ew a rk , N . J .
S M IT H
6 H P e r C ent 1 0 - 1 5 y e a r F ir s t M o rtg a g e
G o ld B o n d s.
608 FIR ST N A T IO N A L B A N K BUILDING,
S. R IP P E L ,
F R A N C IS
Y A.
Private wires connecting with Washington. Balt I
m ore, Philadelphia, New York, Boston and Chicago
New York Correspondents : Messrs. M oore à
Schley and Prince & Whitely.
D E A LT IN B Y
J.
MISCELLANEOUS.
BANKERS AN D BROKERS,
St a t e b a n k B u il d in g ,
C H IC A G O .
AND BONDS LOCAL
TO
UNITED STATES DEPOSITORY.
C A P IT A L ,
.
.
.
$ 1 ,5 0 0 , 0 0 0
SU RPLUS,
.
.
.
$ 6 1 0 ,0 0 0
8. G. M u r p h y , President. E. D. M o r g a n , Cashier
J a m e s Mo f f it t , Y .-P res. G. W . K l in e , Asst. Cash
G E N E R A L B A N K IN G B U S IN E S S .
A CC O U N TS S O L IC IT E D .
DENVER,
C. W. Branch & Co.,
1 5 W a l l S tr e e t, N E W Y O R K .
STOCKS
The First National Bank
INVESTMENT BONDS,
SOUTHERN.
N . W. H A R R IS & C O .,
B O S T O N ______________________
SA N F R A N C ISCO .
O F SAN F R A N C IS C O , CAL..
0 Per Cent Electric Street. RR. Gold Bonds. 'J R
tl Per Cent W ater Company. Bonds.
7 Per Cent Irrigation Bonds.
rV58J^;
10 P er Cent State o f Wash., County Warrants.YB
Transact a General Banking Business. Dealers in
Stocks, Bonds and Local Securities.
P R IT A T E T E L E G R A PH W IRE S TO N EW YORK
A N D BOSTON.
PO R TLAN D , OREGON.
P aid C a p ita l....................................... $ 1 ,0 0 0 , 0 0 0
J . LOEW ENBERG. Pres. JAS. STEEL, Vice-Pres.
I. A . M ACRUM, Cashier.
SELLS SIGHT EXCHANGE
AND T E L E
GRA PH IC TRAN SFERS, and I88TTK8 LE TTER S
Of CREDIT available throughout the United States
D R A W S BILLS OF EXCH AN GE on London,
L iverpool, Dublin, Paris, Berlin, F rankfort-on -th eMain, and all the principal cities o f E u rop e; also on
H ong Kong.
COLLECTIONS M A D E on all accessible points.
BANKERS AN D BROKERS,
S E C U R IT IE S .
BANKERS,
P a id -u p C a p ita l.................................... $ 2 0 0 , 0 0 0
S u rp lu s....................................................... $ 1 2 5 ,0 0 0
President,
Cashier,
V ice-President
W . B. B l a c k w e l l . H . O, F is h b a c k . E d m u n d R ic e .
G e n e ra l B a n k in g B u sin e ss T ra n s a c te d .
S p ecial A tte n tio n to C o lle ctio n s.
Merchants’ N at’l Bank,
MEMBERS OF THE
Wilbour, Jackson & Co.,
28 Westminster St., Providence, R. I.
First National Bank in the City,
T A C O M A , W A S H IN G T O N .
P IT T S B U R G , P A .
B e n ja m in A . J a c k s o n -
IN V E S T M E N T
W ASH IN G TO N .
P A I D -U P C A P I T A L $ 2 0 0 .0 0 0 .
6 P e r C ent B a n k C ertificates Issu e d .
8 P e r Cent G old M o rtg a g e s.)
1 0 P e r C ent C ity , C ounty, S ta te W a r r a n ts .
CORRESPONDENCE SOLICITED.
G r a t t a n H. W h e e l e r , Pres. A . B r id g m a n , Cash.
Rea Bros. & Co.,
BANKERS,
48
Commercial Bank,
TACOMA,
ESTABLISH ED , 1800.
Correspondence solicited and Information fo r .
nlshed about Southern State, Municipal and Rail
road Investm ent Securities.
New York Reference—CHAS. M. F R Y , Esq., Presi
dent Bank o f New York, N. B. A .
T H O M A S B R A N C H & C O .,
BANKERS AND COMMISSION MERCHANTS
R IC H M O N D , V I R G I N I A .
Circulars and Information on funding the debts oi
lrginiaand North Carolina free of cost; one-eight 1
per cent charged for funding. Southern Railroad
and State and Citv Bonds bought and sold.
f
MERCHANTS’ NATIONAL BANK,
R IC H M O N D , V IR G IN IA .
Collections made on all Southern points on best
term s; prompt returns.
JOHN P. BRAN CH , President.
Jo h n F. G le n n . Cash’r. F r e d . R. Scott . Vice-Pres.
SOUTHERN
California Securities
OF TH E HIGH EST CH AR A CTE R .
7 P e r C ent D eb en tu re B o n d s.
8 P e r C ent G u a r a n te e d M o r tg a g e s .
W.
R.
T.
Johnston,
60 B R O A D W A Y , N E W Y O R K .
Seattle, Washington.
1 0 P e r Cent C ity an d County W a r r a n to ,
9 P e r Cent F ir s t M o rtg a g e L o a n s .
8 P e r C ent School B o n d s.
CORRESPONDENCE S O T T E D .
The
L. H. Griffith Realty A
Banking Company.
A M E S B U IL D IN G , BOSTON, M A SS.
Wm. Fisher &
D EALERS IN
D i v i d e n d -p a y i n
g
s e c u r it ie s
m in in g
.
Sons,
BANKERS AN D BROKERS,
23 Sou tb Street,
B A L T IM O R E ,
M D ,,
Joseph G. Martin,
STOCK
BROKER,
N o. 1 0 State Street, B o s to n .
VI
TH E
CHRONICLE
[V
ol.
LIV.
Textest Cxmxpa;tries.
Union
Trust Company United States Trust Co.
OF N EW
WORK,
80 Broadway, New York.
C A P I T A L ................................$ 1 , 0 0 0 , 0 0 0
SURPLUS- $ 4 ,0 0 2 ,5 1 8 9 2
Authorized to act as Executor, Administrator,
Guardian, Receiver or Trustee, and is
A LE G A L DEPOSITORY FOR MONEY.
A cts as Trustee o f mortgages o f corporations, and
accepts the transfer agency and registry o f stocks.
Allow s interest on deposits, which may be made at
any time, and withdrawn on five days’ notice, with
Interest fo r the whole tim e they remain with the
company.
F or the convenience o f depositors this company
also opens current accounts subject, in accordance
with its rules, to check at sight, and allows interest
upon the resulting daily balances. Such checks pass
thraugh the Clearing House.
Attends specially to the M ANAGEM ENT OF
R E A L ESTA TE and to the collection and remit
tance o f rents.
It makes ample provision in its
N EW B U R G LA R A N D FIR E PROOF V AU LTS
lo r the safe keeping o f securities placed in its cus
tody, on which it collects and remits income.
„
Jm ,
TRUSTEES.
W m. W hitewright,
H . V an Rennsl’r Kennedy
H enry A . Kent,
James H . Ogilvie,
R .T . W ilson,
James T. W oodward,
W m . F. Russell,
George A . Jarvis,
C. D. W ood,
C. Vanderbilt,
James N. Platt,
A . A . Low,
D.
C. Hays, ; , G .G . Williams
W m . A lex. Duer,
R. G. Remsen,
Charles H. Leland,
Edward Schell,
Edward King,
Amasa J. Parker,
E. B. W esley,
Samuel F. Barger
D. H . McAlpin,
Geo. C. Magoun,
George B. Carhart,
W . Emlen Roosevelt
Chauncv M. Depew.
EXECUTIVE COMMITTEE.
Wm. Whitewright,
G. G. Williams,
Edward Schell,
E. B. Wesley,
Geo. C. Magoun,
C. D. W ood.
D. C. Hays,
James T. W oodward.
E d w a r d KING, President.
CORNELIUS D. WOOD,
JAMES H. OGILVIE,
[Vice-Presidents.
AUGUSTUS W . KE LLE Y, Secretary.
J. V. B. T H A Y E R , Assistant Secretary.
Knickerbocker Trust
Company,
2 3 4 F I F T H A V E ., C O R . 2 7 T H S T R E E T .
Branch office, 18 W all St. and 3 Nassau St.
C A P IT A L AN D S U R P L U S , - $ 1 ,0 0 0 ,0 0 0
DESIGNATED LE G A L DEPOSITORY.
A cts as Executor or Administrator o f Estates and
as Guardian, Receiver, Registrar, Transfer and
Financial Agent for States, Cities, Towns, Railroads
and other corporations.
JOHN P. TOWNSEND. President.
CHARLES T. B AR N EY. Vice-President.
JOSEPH T. BROWN, 2d Vice-President.
.
D IR E C T O R S :
Joseph S. Auerbach,
John S. Tilney,
Harry B. Hollins,
E . V. Loew,
Jacob Hays,
H enry F. Dimock
Charles T. Barney,
John P. Townsend
A . Foster Higgins,
Charles F. Watson,
Robert G. Remsen,
David H . King, Jr,
H enry W . T. Mali,
Frederick G. Bourne
Andrew H. Sands,
R obert Maci ay
James H. Breslin,
C. Lawrence Perkins,
Gen. George J. Magee,
Edward W ood,
I. Townsend Burden.
W m . H. Beadleston.
,
A lfted L. W hite.
FR ED’K L. ELDRIDGE, Secretary.
J. H EN RY TOWNSEND. Assist. Secretary.
The Nassau Trust Co.
1 0 1 B r o a d w a y , B r o o k ly n , N . Y .
C A P I T A L ........................................... $ 5 0 0 . 0 0 0
Deposits received subject to check at sight, and
In terest a llo w e d on the resulting daily balances.
Certificates o f deposits issued fo r time deposits,
o n which s p e c i a l r a t e s will be allowed.
In te r e st com m ences from d a te of deposit.
Authorized by law to act as Executor, Adminis
trator, Committee, Guardian, Trustee, Receiver,
Fiscal and Transfer A gent and as Registrar o f
Stocks and B onds; Is a le g a l depository for
T r u s t F unds and fo r moneys paid into court.
Loans made on approved collaterals.
Checks on this Company are payable through the
New York Clearing House.
A . D. W HEELOCK, President.
W IL L IA M DICK,
)
JOHN TRUSLO W, ) Vice-Prest s.
0 . F. RICHARDSON, Secretary.
TRUSTEES *
W m . Dick,
Bernard Peters, John Loughran,
A . D. Baird
W m . E. Horwill, Edward T. Hulst,
Darwin R. James, J. B. V oorhees, Jno.McLaughlin,
E. B. Tuttle,
A . D. W heelock, A . M. Suydam,
John Truslow,
W m . F. Garrison, W m.E.W heelock
Ditmas Jewell,
Jn o. T. W illetts, O. F. Richardson,
F. W . Wurster, 'Chas. H . Russell, Henry Seibert.
St. Louis Trust Co.,
C O R N E R 4 th A N D
LOCUST
STREETS
St. L ou is, 9Io.
C a p ita l an d S u r p lu s, .
$ 3 ,0 0 0 ,0 0 0
D IR E C T O R S i
John T. Davis,
A lvah Mansur,
Daniel Catlin,
Edward S. Rowse,
Bam’l W . Fordyoe,
Jno. A . Scudder.
August Gehner,
Edward C. Simmons,
H enry C. Haarstick,
Edwin O. Stanard.
W m . L. Huse,
J. C. V an Blarcom,
Ohas. D. McLure,
Thos. H. West,
Edwards Whitaker.
THOS. H . W EST, President,"'1
JOHN D. FILLE Y, Secretary.
A . C. S T E W A R T, Counsel.
A llow s Interest on Deposits. Executes Trusts o f
every Description. A cts as Registrar and Transfer
A gent, &e
OF NEW YORK,
4 5 and 4 7 Wall Street.
OLD CO LO N Y
TRU ST
COM PANY.
C A P IT A L A N D S U R P L U S , - $ 9 ,7 5 0 ,0 0 0
This company is a legal depository fo r m oneys
paid into court, and is authorized to act as guardian
INTEREST A LLOW ED ON DEPOSITS,
which may be made at any time and withdrawn after
five days’ notice, and will be entitled to interest fo r
the whole timejthey may remain with the company.
Executors, administrators or trustees o f estates,
and w o m e n unaccustomed to the transaction o f
business, as well a"s religious and benevolent institu
tions, will find this company a convenient depository
fo r money.
JOHN A . S TEW A RT, President.
GEORGE BLISS, Vice-President.
JAMES S. CLARK. Second Vice-Pres’t.
H E N R Y L. THORNELL, Secretary.
LOUIS G. H AMPTON, Assistant Secretary.
TR U STE E S:
W ilson G. Hunt, rJno. H. Rhoades, Chas. 8. Smith,
Daniel D. Lord, Anson P. Stokes, W m .R
■ ockef elier,
Samuel Sloan,
Geo. H . Warren, A lex. E. Orr,
James Low,
George Bliss,
W m.H. Macy.Jr.,
W m . W . Phelps, W m. Lihbey,
W m . D. Sloane.
D. W illis James, John CSBrown, G. H . Schwab,
John
A . uuoCTox.,
Stewart, Edward
-a..
lam »».« Cooper, Frank Lyman,
Erastus Corning^W. B ’y’d Cutting.[Geo. F. Vietor,
W m . W aldorf Astor.
Manhattan
Trust
Co.
B O S T O N , M ASS.
C a p ita l
S u r p lu s ,
.
.
-
$ 1 ,0 0 0 ,0 0 0 0 0
6 0 0 ,0 0 0 0 0
T r a n s a c t , a G en era l B a n k in g
B u sin e ss.
ALLO W S INTEREST ON D A IL Y B ALAN CES SUBJECT
TO CHECK.
TRUSTEE UN D ER MORTGAGES. TR A N SFE R A G E N T
R E G ISTR A R .
B O A R D OF D IR E C T O R S .
_
. . T,.JeffersonC oolidge,Jr.^President’ ' .
Frederick L. Ames,
John F. Anderson.
John L. Bremer,
Martin Brimmer
T. Jefferson Coolidge,
George F. Fabyan,
George P. Gardner
Francis L. Higginson,
H enry S. Howe,
W aiter Hunnewell,
William P. Mason
George V on L. Meyer,C
Laurence Minot,
Richard Olney
Henry R. Reed,
Lucius M. Sargent,
Nathaniel Thayer
John I. Waterbury^
Stephen M. W eld,
H enry C. W eston
t J E F F E R S O N C O O L ID G E , J R .,
President*.
C. B T U C K E R M A N ,
S ecreta ry
Corner o f Wall and Nassau Sts., N. Y.
C A P I T A L , ...................................... 8 1 , 0 0 0 ,0 0 0
DIRECTORS
F. O. French, N. Y .
H . W . Cannot, N. Y.
R. J. Cross, N. Y .
John R. Ford, N. Y.
H . L. Higginson, Boston. T . J. Coolidge, jr.. Bos.
August Belmont, N. Y .
James O. Sheldon, N. Y.
E. D. Randolph, N. Y .
A . S. Rosenbaum, N. Y.
H . O. N orthcote, N. Y .
John N. A Griswold, N. Y .
C. C. Baldwin, N. Y .
Sam’l R. Shipley, Phila.
Chas. F. Tag, N. Y
R . T. Wilson!, N. Y .
John Kean, Jr., N. J.
J, t Waterbury, N. Y
F. O. French, President.
J. I. Waterbury, V.-Pres
A . T. French, Secretary and Treasurer.
A LLOW S INTEREST ON DEPOSITS. EXECUTES TRUSTS OF E VE R Y DESCRIPTION
R E G ISTR AR A N D TRAN SFER AGENT
Metropolitan Trust Co,
3 7 a n d 3 9 W a l l S tre e t. N e w Y o r k .
P aid -U p C a p ita l
......................$ 1 , 0 0 0 , 0 0 0
S u r p lu s .................
....................
7 0 0 ,0 0 0 "
Designated as a legal depository by order o f
Supreme Court. R eceive deposits o f m oney on in
terest, act as fiscal or transfer agent, or trustee fo r
corporations, and accept and execute any legal trusts
from persons or corporations, on as favorable terms
as other similar companies.
Thom as Hillhouse, Pres. Fred’k D. Tappen, V.-PresC. M. Jesup, 2d V.-Pres. Beverly Chew, Secretary.
George D Coanev. Assisi in Secretary.
j.
Spencer Turner,
SUCCESSOR TO
B r in c k e r h o ff, T u r n e r & C o .,
Mississippi Valley Trust
M AN U FACTU RER A N D D E A L E R IN
Company,
C O T T O N S A IL D U C K
A N D A L L K IN D S OF
3 0 3 N o r th 4 t h S tre e t,
S T . L O U IS , M IS S O U R I.
C a p ita l........ ...........................................$ 1 , 5 0 0 , 0 0 0
UNDER STATE SUPERVISION.
$ 2 0 0 , 0 0 0 deposited w ith S tate Officer to
protect tru st lia b ilitie s.
A GEN ERAL TRUST COMPANY BUSINESS.
Allows Interest on Deposits.
Authorized to act'as Executor, Guardian, Receiver,
Trustee, &c. Manages Estates. Collects Rents.
Becomes Surety on all kinds o f Court Bonds.
Has Safety Deposit Vaults; a Savings Department.
INVESTMENT SECURITIES A SPECIALTY.
^
DIRECTORS:
Charles Clark,
L. G. McNair,
Chas. H. Bailey;
Thos. T. Turner, John D. Perry, F. W . Paramore,
COTTON CANVAS FELTING DUCK,
CAR COVERING, BAGGING,
R AVENS DUCK, SAIL TW INES, * 0 n
ON TARIO ” SEAMLESS B AG S,'
"A W N IN G ” STRIPES.
A lso , a g e n t s
U N IT E D S T A T E S B U N T IN G CO.
A full supply, all W idths and Colors, always
stock.
N o . 1 0 9 D u a n e S tre e t.
The American
Manufacturing Company
Aug. B. Ewing,
D. W . Caruth, Julius 8. Walsh,
S. R. Francis.
B. F. Hobart. Williamson Bacon,
OFFICERS:
JULIUS S. WALSH, President.
J o hn D. P e r k y , 1st Vice-President.
J o h n Sc u llin , 2d Vice-President.
B r e c k in r id g e Jones , Secretary.
TH E L ARG EST W O R K E R S OF F IB R E IN THE WORLD
Investments in the South,
AN D OF
B A G G IN G F O R C O T T O N .
In addition to m ills at St. Louis and Charleston
nave ju st com pleted at Greenpoint, B rooklyn, t h e
largest, best equipped and best located
Exchange Banking &
Trust Company,
C H A R L E S T O N S. C.,
T r a n sa c ts a G e n e ra l B a n k in g and T ru st
B u sin ess. S a v in g s D e p a rtm e n t. In terest
A llo w e d on D eposits.
Investments made (av usual rates o f commission)
n safe and reliable interest-paying Southern secur
ities, and 1st mortgage loans on improved city and
tow nrealestate. Correspondence solicted as to all
Southern, nvestments. Being within easy reach
o f all parts o f the South thorough and careful inves
tigation can be made o f intended investments or
purchases.
: O F F IC E R S .
GEO. B. EDW ARDS, President.
P. N. PICKENS, Cashier.
H .C . W HILDEN, Secretary and Treasurer.
J. LAM B PERRY, Solicitor.
8M YTHE & LEE, General Counsel.
d ir e c t o r s .
A. 8. J. P e r r y , o f Johnston, Crews & Co., wholesale
dry goods.
W tllia m m . B i r d , o f W m . M. Bird & Co., wholesale
paints and oils.
J a m e s A l l a n , o f James Allan k Co., jewelers.
J. H. F. K o en ig , with Knoop, Frerichs & Ce., cotton
exporters.
Gio. B. E d w a r d s , Pres. Electric Light k Power Ce
o f f i c e s $ 1 1 2 W a l n u t S t ., S t . L o u i s , M o
u m c e s j i 6 & j 8 E x c h a n g e P l a c e , N . IT
M anufacturers o f
CORDAGE
CORDAGE
AND
B A G G I N G MILXt
IN A N Y COUNTRY.
ESTABLISH ED 1855.
Eugene R.
C o le,
S T A T IO N E R AN D P R I N T E R .
Supplies Banks, Bankers, Stock Brokers and Cor
porations with com plete outfits o f A ccou n t Books
and Stationary.
I V New concerns organizing will have their
orders prom ptly executed.
N o. 1 W IL L IA M S T R E E T .
"H AN OVER SQUARE.)
THOROUGH
C IP H E R C O D E .
Secresy Device Perfect: CopiousjBlanks: Handy Size
( $ 1 .5 0 each.) ( $ 3 .0 0 p air.) ( $ 1 5 . 0 0 d oz.)
GET IT FROM
P U B L ISH E R S,
B U R N Z «& C O .
2 4 C linton F I.
or
C. B U R N Z ,
5 th F lo o r ,
3 3 W a ll S L
THE
February 27, 18¿2,J
%usnxxutt.
CHRONICLE.
v ii
ffitm x jc ia L
R u c t i o n s .
Richard V. Harnett & Co.
O F F IC E OF T H E
Henry W. Donald, Auctioneer.
The
A T L A N T IC M U T U A L
REGULAR AUCTION SALE
OF
E Q U IT A B L E
Insurance Company,
Life
S to ck s an d B o n d s,
Assurance Society
TUESDAY, March 1, at 12:30 P. M.
At the Real-Estate Exchange & Auction R oom ,
OF TH E U N IT ED ST A T E S.
N e w Y o r k , January 25th, 1892.
The Trustees, in conformity "with the Charter
of the Company, submit tho following state
ment of its affairs on 31st day of December,
J A N U A R Y 1, 1 8 9 2 .
1891.
Premiums on Marine Risks from
1st January, 1891, to 31st
December, 1891....................... $3,862,687 97
Prem’ ms on Policies not marked
off 1st January, 1891............... 1,394,177 87
Total Marine Premiums....... $5,256,865 84
Premiums marked off from 1stJanuary, 1891, to 31st De
cember, 1891............................ $3,784,723 36
Losses paid during the same
Period................................$1,836,325 11
Returns of Premi
ums and Expenses.$784,790 57
ASSETS,
-
$136,198,5!
Liabilities,
109,905,587
SURPLUS, -
$26,292,981
INCOME, -
$89,054,914
New Business written in
1891, . . . .
233,118,331
Assurance in force,
• 804,894.557
H E N R Y B . H Y D F , P resident.
J A R E S W . A L E X A N D E R , V ic e -P re s
The Company has the following Assets, via.:
United States and State of New
York Stock, City, Bank and
other Stocks............................. $7,567,155 00
Loans secured by Stocks and
otherwise.................................. 2,009,100 00
Real Estate and Claims due the
Company, estimated at.______ 1,083,400 36
Premium Notes and Bills Re
ceivable.....................................
1,425,030 93
Cash in Bank...............................
193,895 88
Amount
$12,278,582 17
SIX PER CENT INTEREST on the outstand
ing certificates of profits will be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 2d of February next.
THE OUTSTANDING CERTIFICATES of
the issue of 1887 will be redeemed and paid to
the holders thereof, or their legal representa
tives, on and after Tuesday, the 2d of Febru
ary next, from which date all interest thereon
will cease. The certificates to be produced at
the time of payment and canceled.
A DIVIDEND OF FORTY PER CENT is
declared on the net earned premiums of the
Company for the year ending 31st December,
1891, for which certificates will be issued on
and after Tuesday, the 3d of May next.
By order of the Board,
J» H . C H A P M A N , Secretary.
TRUSTEES:
J. D. Jones,
W. H. H. Moore,
A. A. Raven,
Joseph H. Chapman,
James Low,
Wm. Sturgis,
Bepjamin H. Field,
James G. De Forest,
William Degroot,
William H. Webb,
Horace Gray,
William E. Dod^e,
George Bliss,
John L. Riker,
C. A. Hand, ,
John D. Hewlett,
Charles P. Burdett,
Henry E. Hawley,
Charles H. Marshall,
Charles D. Leverioh,
Edward Floyd Jones,
George H. Macy,
Lawrence Turnure,
Waldron P, Brown,
Anson W. Hard,
Isaac Bell,
N. Denton Smith,
Thomas Maitland,
George L. Nichols,
Gustav Amsinck,
Joseph Agostini,
George W. Campbell,
Vernon H. Brown,
Christian de Thomson,
Leander N. Lovell.
JOHN D. JONES, President.
W. H. H. MOORE, Vice President.
A. A. RAVEN, 2d Vice-President.
NO. 6.
Nos. 59 to 65 Liberty St.
(By order o f Administrator.)
6 shares Buffalo New York A Erie RR. Co., $100
each.
(For account o f whom it may concern.)
1 share New York Law Institute.
100 shares American Exchange National Bank, $100
100 shares Raymond & Ely Mining Co., $100 each.
20 shares Southern National Bank, $100 each.
100 shares Phenix Silver Mining Co. (stamped), $100
each.
25 shares Fourth National Bank, $100 each.
600 shares Canada Copper Co., $5 each.
62 shares National Bank o f the Republic, $1C0 each.
225 shares International Gold Amalgamating Co.
26 shares Leather Manufacturers’ National Bank,
$100 each.
10 shares Union Trust Co., $100 each.
20 shares W estern National Bank, $100 each.
32 shares Chicago & A lton RR. Co., $100 each.
140 shares National Broadway Bank, $26 each.
120 shares National Butchers’ & Drovers’ Bank, $26
35 shares Bank o f New York, N. B. A ., $100 each.
200 shares Merchants’ National Bank, $50 each.
100 shares Mechanics’ National Bank. $25 each.
$10,000 Renssalaer & Saratoga RR. Co. 1st Mortgage
7 per cent Bonds, due 1921.
$25,000 Morris & Essex R R. Co. 1st Mortgage 7 per
cent Bonds, due 1914
$15,000 Long Island RR. Co. 1st Mortgage 7 per cent
Bonds, due 1898.
$5,000 New York & Harlem R R. Co., 1st Mortgage 7
per cent Bonds, due 1900.
$10,000 Pittsburg Fort W ayne & Chicago R R. Co. 3d
Mortgage 7 per cent Bonds, due 1912.
Lists at auctioneers’, 71 and 73 Liberty St.
N. B.—Sales should be received by noon on Friday
to get the benefit o f advertising in this paper.
Northern Pacific Rail S T O C K S and B O N D S
A t Auction.
road Company.
Notice is hereby given that 100 o f the GEN ERAL
SECOND MORTAGE BONDS o f the NORTHERN
PACIFIC R A IL R O A D COMPANY were this day
drawn from the sinking fund, in accordance with the
requirements o f A rticle 11 o f the Trust Mortgage,
numbered as follows, viz.:
T he undersigned hold R E G U L A R W E E K L Y
AUCTION SALES o f all classes o f
S T O C K S AND BO NDS
ION
E V E R Y W E D N E S D A Y .!
$ 1 ,0 0 0 CO U PO N B O N O S .
173
3285
6754
9547
15071 A D R I A N I I . M U L L E R & SOM,
217
8654
7154
9577
15397
424
3072
7219
9722
15534
NO. 1 PINE STREET. NEW YORK.
545
3676
7308
10070
15693
633
3751
7446
10202
15861
822
7491
4188
10213
16040
969
4214
7695
11710
16151
1193
6318
7915
12478
16152
1242
5356
8173
12596
17387
1275
8219
5359
12676
18118
1806
5426
8234
13281
18272
Notice to 2d Mortgage Bondholders.
2059
8508
5520
13323
18346
2145
8583
13375
5809
18347
N e w Y o r k , February 3,1892.
2164
5811
8597
13378
19230
A t a meeting o f the Board o f Directors o f the New
8761
2227
5850
13427
19289 Y ork & Northern Railway Company, held this day,
14556
2242
8887
6039
19366 the follow ing resolution was unanimously a d op ted :
2262
9194
14585
6222
19479 W H E R E A S : The interest upon the Second Mort
2594
6374
9166
14587
19566
gage bonds o f this Company has becom e a fixed
14606
2772
6885
9167
19620
charge upon its earnings, therefore he it
9460
3037
6552
14777
19939 R ESOLV E D: That a meeting o f the Second Mort
These bonds will be paid at 110 and accrued in
gage Bondholders be called by the President o f
terest upon presentation at the office o f the FA RM
this Company fo r Wednesday, March the 2d, 1892,
ERS’ LO A N AN D TRUST COMPANY, Nos. 16,18,
at 12 o ’clock noon, at the office o f the Company,
20 and 22 W illiam Street, New York.
32 Nassau St., to consider the financial prospects
The interest on the above bonds will cease on and
o f the Company, and such plans and statements
after April 1,1892.
as may he submitted.
In accordance with the above, NOTICE is hereby
TH E FARM ERS’ LOAN AND TRUST CO., Trustee.
given
that a meeting o f the Second Mortgage Bond
B y R . G . R O L S T O N , P resid en t.
holders o f the New York & N orthern Railway Com
N e w Y o r k , February 10,1892.
pany will be held at the office o f the Company, 32
h e
n e w
y o r k
C h i c a g o & s t . Nassau St., at 12 o ’clock noon, March the 2d, 1892.
ST. LOUIS R A IL R O A D CO.
R . S . H A Y E S , P resid en t.
Gr a n d C en tr a l , D er ot , .)
N e w Y o r k , Jan 28,1892 j
The Board o f Directors have this day declared a
dividend o f three per cent on the first preferred
stock o f this Company, payable at this office on the
1st day o f March next, out o f the net earnings fo r
the calendar year 1891.
Controlling the
The transfer hooks fo r first preferred stock will he
closed at 8 o ’clock P. M. on Monday, the first day o f B R O A D W A Y
CABLE
ROAD
February, and will be reopened on the m orning o f
and the principal cross-town horse car lines,
Wednesday, the second day o f March.
A L L Y N COX. Treasurer.
BO U G H T AND SO LD B Y
New York & Northern
Railway Co.
T
Metropolitan Traction
Stock,
FO R SALE.
A controlling interest or less in one o f the best
equipped electric light and ice manufacturing plants
in the South. Has an authorized capital o f $50,000;
paid-up capita], $39,100. Makes 25 per cent on paidup capital. F or further particulars address
__
R . S. P., care Financial Chronicle.
Dick Brothers & Lawrence,
3 0 B r o a d S tr e r t, N e w Y o r k .
O U I S V T L L E N E W O R I. F A N S & T E X A S
R A IL W A Y COMPANY’S first mortgage couons, due March 1st, 1892, will be paid on and after
?h°
' at date by R. T. WILSON & Co., 33 W all st., N. Y.
vili
TH E
CHRONICLE.
IYol.. LTV.
IptmticmX.
ffitratijcial.
NEW YORK LIFE INSURANCE COMPANY.
J A N U A R Y
NEW
LOAN
S I ,0 0 0 , 0 0 0
I, 1 8 9 2 .
City of Providence
Gold 3 0 -Year 4 s.
A S S E T S .......................................
....... $125 ,9 4 7 ,3 9 0 *8 1
L ia b ilit ie s , including the Reserve on all existing Policies (4
per cent Standard)...................................... 1 .................... ......... 110,806,267*50
T o t a l U n d iv id ed Surplus........................................................
P L IC A T IO N TO
$15,141,023*31
I n c o m e .. .......................................................... ............
. . . . $31,854,194*98
N e w In su ra n c e w r itte n in 1 8 9 1 ........................................ 152,664,982*00
O u tstand in g In s u r a n c e ......................... .............
P A R T I C U L A R S A N D P R I C E U PO N A P -
Spencer Trask
&
Co.,
16 A N D 18 B R O A D S T R E E T ,
............. 614,8 2 4 ,7 1 3 *0 0
N EW YO RK.
2 0 CONGRESS {S T R E E T ,
J O H N A. M c C A L L , President.
BO STO N.
H E N R Y T U C K , V ic e -P re sid e n t.
A . H U N T IN G T O N , M .D ., M ed ical D ire cto r.
A R C H I B A L D H . W E L C H , i d V ic e -P r e s.
C H A R L E S C . W H I T N E Y , S e c re ta ry .
G E O R G E W . P E R K I N S , 3 d V ic e -P r e s .
H O R A C E C . R I C H A R D S O N , A s ’ t A c tu a ry .
R U F U S W . W E E K S , A c tu a r y .
E D M U N D C . S T A N T O N , C a sh ier.
A
L IM IT E D
AMOUNT
OF
Rome Watertown & O gdensburg R R . Co.
T B Ü ST E E S.
WM. H. APPLETON,
C. 0. BALDWIN,
WILLIAM H. BEERS,
Wi l l i a m a . b o o t h ,
W. F. BUCKLEY,
JOHN CLAFLIN,
CHAS. S. FAIRCHILD,
EDWARD. N. GIBBS,
w . b . hornblow er,
WOODBURY LANGDON,
»
the following bonds and stocks are payable at
T
the banking house o f Messrs. W INSLOW , LA N IE R
h e
in t e r e s t
a
d
d iv id e n d s
Southern
Co.
N O T IC E .
H o ld e rs ol Stock a n d B onds ol the C h a tta
n o oga S ou thern R a ilw a y Com pany a r e r e JWj^bd to deposit th eir stock or bonds w ith
the C en tral T ru st Company o f N ew Y o rk ,
u n der the ag reem ent dated J a n . 7 , 1 8 9 2 ,
P l L 7*< B r .F O R E M A R C H
l o , 189 2 1
(w h ich is hereb y fixed a s th e tim e fo r de
p o sitin g the sam e), and un less th ey so d eP,??1 j lh e lr holdings th ey w ill not be en P }1 * « t o . p a rticip a te in an y w a y in the
benefits o f sa id a g reem en t.
NkW Y o r k , Feb. 25,1892.
F R E D E R IC P . O L C O T T,
C H A R L E S M. F R Y ,
EUGENE K E L L Y ,
JOHN BYRN E,
F R A N C IS R . P E M B E R T O N ,
C om m ittee.
G. S. ELLIS, Secretary.
__
THE
P h il a d e l p h i a . Penn., Feb. 25.1892.
ftdr
L i t y i n s u r a n c e . t ]r u s t
A A N D SAFE DE POSIT COMPANY will distribute
through the CEN TRAL TRUST COMPANY OF
N E W YORK, on and after March 21. to the HOLD
ERS OF CERTIFICATES OF E QU ITABLE IN
TE REST In the stocks o f the CHICAGO GAS COM
PANIES, o f record, March 8, an amount equal to 1M
P E R CENT o f the par value o f their holdings o f the
certificates o f that company. The transfer hooks
Will close March 8 at 8 P. M. and reopen on March 22.
JOHN B. GEST, President.
F IC E ” £ THE
23 B
OF_ COMPANY,
,
S O U T H E R N P A C IF IC
r o a d St . (M u l s B u il d in g ).
n e w Y o r k , Feb. 26th, 1892.
The follow ing coupons due March 1,1892, will be
paid at this office :
Texas A New Orleans RR. Co. (Sabine Division)
1st Mtge. 6 per cent.
. M exican International R ’y. Co. 1st Mtge. 6 per cent.
TIM O THY HOPKINS, Treasurer.
WM. L. STRONG,
HENRY TUCK,
A. H. WELCH,
WM. C. WHITNEY.
1ST C O N SO LID ATE D E X T E N D E D 5
P E R C E N T BO ND S, 1 9 2 2 .
P rin c ip a l an d In te r e s t G u a r a n te e d by
NEW Y O R K C E N T R A L RR . CO.
COUPONS A P R IL A N D OCTOBER, P A Y A B L B IN
on
A Oo., No. 17 Nassau Street, New York City, on and
after March 1 ,18W2.
Anderson, Ind.,
Municipal 5s.
Cleveland & Pittsburg RR. Co.,
Quarterly Div.
per cent.
F ort Recovery, Ohio,
School 6s.
Grand Rapids & Indiana RR. Co.,
Consolidated Mortgage 5s.
Indiana State,
Regular Temp. Loan 8M per cent.
Lima. Ohio,
W ater W orks 5s.
Pittsburg Ft. W ayne & Chicago R ’y Co.,
First Mortgage 7s, Series C.
Second Mortgage 7s, Series II.
W abash County, ln d „
Gravel Road es.
M ARCH 12.
H ancock County, Ind.,
Gravel Road 6s.
M ARCH 15.
Cleveland A Mahoning R ’y Co.,
Third Mortgage 7s.
Mitchell, Ind.,
School 6Ms.
Chattanooga
Railway
WALTER H. LEWIS,
H. C. MORTIMER,
RICHARD MUSER,
ED. D. RANDOLPH,
JOHN N. STEARNS,
Ne w Y o r k , Feb. 24,1892.
T o th e S tockholders o f the
Edison General Electric Co.
AND
GOLD,
P R IC E 1 1 3 A N D A C C R U E D IN T E R E S T .
Unger, Smithers & Co.,
Thomson-Houston Electric Oo.
37 AND 39 W A L L STREET.
In pursuance o f the terms o f the Fifth A rticle o f
the Stockholders’ Agreement, dated Feb. 9,1892, you
are hereby notified to deposit your stock on the
terms and fo r the purposes o f the Agreem ent with
the New York Guaranty A Indemnity Company, No.
69 Cedar Street, New York, or the Old Colony Trust
Company, Ames Building, Boston, Mass., on or before
March 7 next,
Either Company will issue temporary negotiable
receipts therefor.
J . P I E R PONT M O R G A N ,
D . O. M IL L S ,
H . M cK . T W O M B L Y ,
F R E D E R IC K L . A M IS ,
T . J E F F E R S O N C O O L ID G E ,
H E N R Y L . H IG G 1 N S O N ,
C om m ittee.
Charles T . W ing & Co.,
Coffin & Stanton,
F ANKERS,
72 B ro a d w a y , N ew Y o r k .
The matured interest on the ¡following Bonds is
payable at our office on and after March 1st, 1892:
City o f Erie, Pa.,
Refunding W ater 4 per cents.
City o f Logansport, Ind.,
Funding 6 per cents.
City o f Tiffin, Ohio,
Im provem ent 6 per cents.
City o f McKeesport, Pa.,
Refunding School 4% per cents.
City o f McKeesport, Pa.,
Improvement 4M per cents.
Village o f Baldwinsville, N. Y.,
W ater 3M per cents.
Village o f Hastings, N. Y „
■ R efunding 3M per cents.
Village o f Richland, N. Y „
Refunding SM per cents.
Borough o f Reynoldton, Pa.,
W ater 4M per cents.
Payne, Ohio,
School District 6 per cents.
United Terminal Railway Company,
First Mortgage 6 per cents.
United Electric R’y (Nashville) Bonds
Buffalo Railway Bonds and Stock.
Newark Pass. R’y Bonds and Stock.
Danbury & Norwalk RR. Stock.
Buffalo Natural Gas Fuel Co. Stock.
Bald Eagle Talley RR. Stock.
D E A L T IN B Y
SAMUEL H. BARROWS, 34 NEW ST.
W A N T E D —R R . B o n d s, large amounts. B rok
ers aad principals address, P. O. B ox 1341, Phil*., Pa.
BONDS,
¿8
W ALL
STREET.
F ra n k E . W in g ,
NEW
YORK.
H e n ry A . G la s s fo r d .
E d w a rd N . G ib b s. S p e c ia l.
CHICAGO BURLINGTON & QUINCY
RAILROAD COMPANY
RIGHTS
BO U G H T AND SO LD B Y
Clark, Dodge & Co.,
51 W A L L STREET.
H. B. Philbrook,
1 5 5 an d 1 5 7 B R O A D W A Y , N E W Y O R K .
A gent fo r Bondholders o f Southern Bonds. State,
Municipal and Railroad,
L O A N S O B T A IN E D ON C I T Y P R O P E R T Y
IN T H E S O U T H E R N S T A T E S .
W ANTED
B y In v estm en t S yn d icate . G e n e ra l M a n
a g e r , th o ro u g h ly experienced in the fo rm a
tion o f sto c k com panies and g e n e r a lly capia
ta liz in g bu sin esses an d floating p ub lic
bonds and in d u stria l se cu ritie s in A m e r ic a .
A p p lic a n t m u st be a gen tlem a n o f un
doubted a b ility , ch a ra c te r an d energy.
C om m unication s tre a te d w ith d iscretion .
A d d ress fu ll p a r tic u la rs a s to a g e , expera
ience, «See., to P . O . B o x 2 7 4 4 , N e w Y o r k .
Jos. C . Platt, C. E.,
CO NSULTING E N G IN E E R ,
W ATERFORD,
N . Y .,
or
4 3 J O H N S T ..
N. Y . C IT Y .
E x a m in a tio n s an d R e p o rts fo r In v e sto rs*
B S P R E 3E N T IN G T H E IN D U S T R I A L A N D C O M M E R C IA L IN T E R E S T S O P T H E U N IT E D S T A T E S ,
{Entered according to Act of Congress, in tlie year 1892, by W m. B. D ana & Co., in the office of the Librarian of Congress, Washington, D. C.]
YO L. 54.
3 ¡* h e
SA T U R D A Y , FEBR U AR Y 27, 1892.
© h r o u ic k .
Terms of Subscription—Payable in Advance:
For One Y ear......................................................................... $10 00
For Six M onths.....................................................................
6 00
European Subscription (including postage)..................... IT 50
European Subscription Six Months (including postage). 6 75
Annual Subscription in London (including postage)___ £ 2 8s.
Six Mos.
do.
do.
do.
___ £1 9s.
The I n v e s t o r s ’ S u p p l e m e n t of 160 pages is issued every other
month, on the last Saturdays of Jan., March, May, July, Sept, and
Nov., and furnished without extra charge to all subscribers of the
C h r o n ic l e .
The St a t e
and
C i t y S u p p l e m e n t of 1 8 4 pages is also given to every
yearly subscriber of the C h r o n ic l e .
File covers are sold at 50 cents each, and to new subscribers for a
year one file cover is supplied without charge; postage on the same is
18 cents.
Subscriptions will be continued until definitely ordered stopped. The
publishers cannot be responsible for remittances unless made by drafts
or Post Office money orders.
Terms o f Advertising—(Per inch space).
One time................................ $ 3 50 Three Months (13 times). .$25 00
One Month
(4 times).. 1100 Six Months
(26 “ ).. 43 00
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(8 “ ). 18 00 Twelve Months (52 *? ) .. 58 00
L o n d o n A sen ta :
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scriptions and advertisements, and supply single copies o f the paper at
Is. each.
WILLIAM B. DANA. W I L L I A M B , D AN A A Co.* P u b lish e rs,
1 0 2 W illia m Street, N E W Y O R K .
JOHN S. FLOYD.
P o st O f f i c e B o x 9 58 .
CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses o f the
United States for the week ending to-day, February 27, have
been $1,047,055,841, against $1,323,275,666 last week and
$845,950,476 the corresponding week last year.
CLEARINGS
Returns by Telegr p'\
Week Endino February 27.
1892.
1891.
P er Cent.
N ew Y o r k ...................................
B o s t o n .................................... . .
P h ila d e lp h ia ..............................
B a lt im o r e .......... .......................
C hicago .......................... ...........
S t. L o u i s ............ ..................
N e w O r le a n s ............. ...............
$51],192,915
61,031,941
57,421,943
1J,961,402
68,105,000
16,978,565
8,871,995
$381,573,428
58,681,128
45,336,133
9,439,401
54,745,000
14,948,640
9,634,674
+34-0
+ 4-0
+26-5
+267
+24-4
+13-6
-7 * 9
Seven cities, 5 d a y s ...........
O ther cities, 5 d ays______ . . . .
$735,563,761
115,493,287
$574,408,404
104,211,403
+28*1
+10*8
T otal all cities, 5 days.......
A ll cities, 1 d a y ................ ......
$ 51,057,048
195,998,793
$373,619,807
167,330,669
+26*4
4-17*1
T otal all cities fo r w e e k ...
$1,047,055,841
$845,950,476
4-23*8
The full details of clearings fdr the week covered by the
above statement will be given next Saturday. W e cannot, o*
course, furnish them to-day, bank clearings being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours o f the week have to be
in all cases estimated, as we go to press Friday night. Below
are our usual detailed figures for the previous week, that is
covering the returns for the period ending with Saturday
noon February 20, with the comparative totals in 1891.
The aggregate for the week is only thirty milli ms of dollars
less than that for the preceding week, notwithstanding the
much smaller volume of speculative transactions on the New
York Stock Exchange. Outside this city there is a gain in ex
changes of $11,223,915.
Instituting comparison with the similar period a year ago
w e find that there are but fifteen cities which record any fall
NO. 1,392.
ing off, and that in the total for the whole country there is a
gain of 36*6 per cent. The only important losses are in the
Southern States. In percentage of increase Minneapolis lead»
this week with 54’ 7 per cent, and is followed by New Yorkr
52 per c e n t; Philadelphia, 39 4 ; Omaha, 33 8; Memphis, 29-6 1
Portland, 29’2 ; Lincoln, 27, and Chicago, 26 9 per cent. Con
trasted with the week of 1890 the current aggregate exhibits an
excess of over 39 per cent.
Week Ending February 20.
1892.
$
1891,
$
New York
........
Sales of—
(Stocks.............. shares..
1Cotton................bales.,
(Grain.............bushels.)
(Petroleum...........bbls.)
837,372,02;
550,806,214
(2,835,264)
(525,500;
(62,996,212:
(336,000)
(689,068
(706.600
(18,681,400
(872,000)
B oston .......................
Providence......................
H artford..........................
New H aven.....................
Springfield.......................
W orcester........................
Portland...........................
L ow ell..............................
New B edford...................
88,805,970
5,126.80(
2,073,535
1,231.412
1,275.281
1,304,851
1.276.835
895,18«
492,070
89,260,520
6,466,80(
1,855,99;
1,215,26;
1,116,228
1,233,101
1,128,221
755.85t
485,750
T otal New E ngland..
102,481,748
102,617,742
Philadelphia...................
Pittsburg..........................
Baltimore.........................
Buffalo..............................
W ashington....................
R ochester........................
Syracuse...........................
W ilm ington.....................
Binghamton.....................
87,218.198
13,761,601
16,242,653
8,391,956
1,815.83(
1,299,066
810,82«
822,605:
235,800
62,561.320
11,991,121
13,361,801
7,588,512
1,565,058
1.289,579
8)4,834
842,605
203,200
P. Gent
+52(
1Week
E nd’o Feb 13,
1892.
P. Cent.
$
878,810,178
+44-8T
(4,829,634)
(927,400)
(40,549,075) (+98-3>
(240,000) (—73*8*
—0*6
92,108,040
—6*2
5,246.00(
+11*7
2,225,895
+14*1
+1*5
1,381.565
+14-Í
1.2O0.64Í
—
-I'g'
+5*ï
1,122.888
+5*a
+13*2
1,052.598
+18-4
884,93«
+13*0
355,552
—39*4
- 0 1 105,584,128
+1*8
(+307*1
(—11*5
(+235*6
(—61-5
-t-39‘4
+14*(
+21*f
+10'£
+16C
+0-7
+0 7
—2*4
+ 16 0
91,233,046
12,787,983
15.931,318
9,011,536
1,810,314
1.397.- 80
864,014
963,993
270,000
4-14*1
+ 23’£
+269
4-44*7
-M -r
—8*1
+28*»
4-6*5
—5*4
T otal M iddle................
130,598,556
100,208,034
+ 303
134,275,284
+29*ff
C hicago... ......................
Cincinnati........................
Milwaukee .................
D etroit..............................
Cleveland .................
Columbus ..................
Indianapolis ...............
Peorffi .......................
Grand R apids .............
L exin gton ..................
95,324,907
14,500,906
5,9)6,871
Ö.293.58E
5.152.591
3.Ö23.10C
1,8U0,000
2,026,562
851,639
540,0 0
75,122,039
13.077,501
5.065.75«
5.560,088
4,542.117
2.688.50C
1,684,907
1.084.74«
843,936
489,646
+26*9
+11*3
+16*6
+13*2
+13*4
+12*4
+ 6S
+20*3
+08
+10*3
76,970,710
14,102,750
6,418,369
6,720,050
4.973.129
2,988,400
1,741,503
2,008,203
808,797
532,348
+2*<£
4-4*3
+28*9
+6*3
4-6*3:
4-0*1
+2*9
+14*9
—2*7
+21*1
T otal Middle W estern.
135,479,159
110,759,241
+22*3
116,324,265
+ 4*r
San Francisco..................
Portland...........................
Salt Lake C ity................
Seattle..............................
T acom a.............................
Los A ngeles.....................
15.441.966
1.703,185
1.616.477
929,393
782,813
844,208
15,710,048
1,318,482
1.820.341
898,348
847,029
682,004
-1*7
+ 29 2
-1 1 2
+3*5
-7*0
+23*8
15.286.341
1,903,490
1.500.000
817,898
748.309
701,133
—5*4
+21*2
—28*5.
—20*0
—1&
+18-9
T otal Pacific ............
21,318,042
21,276,252
+0*2
20,957,169
Kansas C ity ...............
Minneapolis ...............
St. P aul .....................
Omaha .......................
D enver ......................
D uluth..............................
St. Joseph ..................
Sioux C ity ..................
Des M oines......................
8,640,391
7.080.142
4.810.535
4.983.920
4.922,488
1.995.000
1.762,020
1.029.545
664,856
647,261
523,976
364,616
7.903,926
4,576,083
3.415.104
3.725.171
3.904.969
1.710,499
1,423,686
901,148
657,127
654,700
412,710
351,054
+9*3
+54*7
+4*1
+33*8
9.221.311
7.890.733
5.004,407
5.004,815
5.061,603
1.959,647
1.009.695
1,051,675
1,005,520
558.167
604.304
358,586
—6*8
+6*5-
+47*9
+36*7
+48*4
+32*4
+8*8
+14*6
+10*4+57*8
—1 4
+43*0
+11-9
T opeka............... .............
+20*1
+16*6
+23*8
+14*2
+1*2
-1*3
+27*0
+3-9
Total Other W estern..
¡$7,330,749
29,536,177
+20-4
39,925,463
+27*2
St. L ou is.........................
New Orleans...................
L ouisville.........................
G a lv e sto n .......................
H ouston...........................
Nashville ...................
Memphis ...................
Dallas ........................
Fort W orth .....................
N orfolk .....................
Chattanooga ...............
Birmingham ...............
W aco.................................
Savannah*......................
Atlanta*.................. . . . . .
25,033,694
11.940,870
7,308,840
2.715,473
2.007.897
1.826,094
3.927.127
1,100.000
526,693
960,222
386.500
480,334
481,941
1,956,091
1,478,418
20.270.608
12.219,696
6.835.214
2.924,792
1,770,296
1.979,676
3.030.590
1.085.440
675,132
1.057.012
650,000
712.523
656,320
+23*5
—2*3
+0*9
—7*2
+13*4
—7*8
+29*0
+1*3
-22*0
—9*2
—297
-32*0
—2o*6
24,381,216
11,671,151
7.009,457
2,468,092
1.994,342
2.016.454
3.472,819
900.000
489.487
1.021.382
406,000
567,104
505,311
1,076,570
1,674,938
+11*4
-5 *9
+1*6
+7-L
-f4*2
—7*8.
+22*7
—1 6 9
—42*0
—3 8
-1 1 *
—6*2
+198
T otal S outhern...........
58,695,385
53,767,199
+9*9
67,013,416
+3*5-
T otal a ll..................... ... 1,323.275,666
Outside New Y ork ...... 485,903,639
968,970,859
+ 8 0 6 1,353,489,902
+30*8
418,164,645
+16-2
474,679,724
"+ ÏT 0
8.708,512
1,065,700
+3*1
+0-9
10.952.991
967,653
5,875,106
081,516
+28-2T
-1 0*9
Montreal* ..................
H alifax* ....................
Ham ilton* .................. >
* N ot Included in totals.
8,972,632
1,075.728
5,172,611
836,020’
TH E
344
CHRONICLE
fVoL, L1Y*
endorsed bills receivable are sold; four months commis
sion house names are quoted at 4£ per cent and good
single names, having from four to six months to run,
See p a g e s 3 7 8 , 3 7 9 , 3 8 0 a n d 3 8 1 for our State are 4£ to 5 per cent.
The European markets do not seem to be affected by
and C|ty Department to-day. Among many other items of
the Cabinet crisis in France or by the Socialist demon
news we give to-day the full detailed statements of the
stration at Berlin on Thursday. The news from Paris
bonde<J debt, &c., of Minneapolis, Milwaukee, Newark and
points to the formation of a new Cabinet, with M.
Pittsburg, revised to January 1,1892.
Rouvier as Finance Minister. The subscriptions to the
All advertisements with relation to State and City Bonds
German loan of 340 million marks are said to be com
w ill likewise be found oh the same and following pages.
ing in freely, it being stated that applications by small
investors are numerous. Discounts weib reported yes
THE F IN A N C IA L SITUATION.
terday for sixty to ninety-day bank bills in London at
Business conditions have in nowise changed during 2| @ 2f per cent. The open market rate in Paris is 2 f, at
’the week. Gold exports have continued in a small Berlin it is 1£ and at Frankfort I f per cent. The
way, their tendency no doubt being to restrict specula Bank of England gained £623,000 bullion during the
tion, and they will restrict speculation so long as they week, of which, as appears by private cable to us,
continue. But it is generally admitted that our re £16,000 was imported wholly from Portugal and France,
marks of last week, showing of how much less account £10,000 was exported to Malta, and £617,000 was re
.as a disturbing influence such a movement must ceived from the interior of Great Britain. The Bank
prove this year than last year, correctly reflect the of France shows an increase of £162,000 gold during
¡situation. Twelve months ago every industrial inter the week.
Foreign exchange was dull and steady until Wednes
est was on the decline, and with the surplus from very
short crops the only apparent dependence for traffic and day, when the tone grew a shade easier for sight bills and
export, there seemed little hope for improvement for cable transfers. The supply of commercial drafts was
our railroads and less for the financial outlook. Now not augmented, but the inquiry was lighter and there
our great carrying system is sound, prosperous and appeared to be no demand to remit against stocks, indi
■coqfident; and, with its thousands of millions of secur cating that the selling of these securities early in the
ities so scattered as to be in almost every man's hands week was probably speculative in anticipation of a
and with its constant need for repairs and new work, in further decline as the result of additional gold exports.
the supply of which nearly every trade is interested, The market opened on Tuesday at 4 86£ for 60-day
most certainly a more hopeful feeling is warranted. and 4 89 for sight, which were the rates on the pre
But besides that, when we remember the unusually vious Friday, and there was no change until Thursday,
¡large surpluses of our breadstufEs crops still on hand when Brown Bros, reduced to 4 86 for long and 4 88£
:f o r export and when we are notified of a foreign trade for short. But yesterday the same firm advanced de
balance of merchandise exports for the month of mand again to 4 89. The market closed dull and steady
January 1892, made public yesterday by the Bureau at 4 86 to 4 86| for 60-day and 4 89 for sight. Rates
•of Statistics, of $37,418,000, in addition to a balance for actual business were 4 85£ to 4 85f for long, 4 88 to
of 155 millions dollars of merchandise exports for the 4 88i for short, 4 88£ to 4 88£ for cable transfers,
previous six months, there cannot be any alarm felt in 4 84f to 4 85 for prime and 4 84^ to 4 84^- for docu
¡sending gold to Europe as long as Europe sends us mentary commercial bills. The gold shipments for the
our best securities in payment of that balance at the week, exclusive of $500,000 announced in the C h r o n i
.present depressed prices. We dislike of course to losf c l e last Friday, were $500,000 by Heidelbach, Ickel^the capital, for our new country needs it all, but per heimer & Co. and $500,000 by L. von Hoffman & Co.
on the Spree, which sailed on Tuesday. Baring, Mahaps it will return again later on.
Money is no doubt hardening. There is no evidence goun & Co. engaged $£$0,000 and Heidelbach, Ickelo f it in the call loan branch of the market, but the gold heimer & Co. engaged $750,000 for the Aller, which
It is claimed that all this gold is
«exports, added to a little freer distribution of currency will sail to-day.
throughout the interior on classes of loans which we ordered out from the Continent of Europe, and it is
have referred to in previous weeks, have had some influ inferred that it is wanted for Austria, as that is about
ence. On call this week money representing bankers' the only country which particularly requires gold at
balances has loaned at 2 and at 1£ per cent, averaging this time. We have referred above to the publication
a little less than 2, at which renewals were made, and this week of the foreign commerce statement for Janu
banks and trust companies still quote 2 to 2|- per cent. ary. Below is a brief summary of the results in our
■The supply of time money is sufficient to meet the re usual form.
POREIGN T R A D E MOVEMENT OP TH E U N ITE D STATES— (0 0 0 s o m i t t e d .)
quirements,but some lenders are holding off in the expec
Si l v e r .
Gold.
M e r c h a n d is e ,
tation of getting better rates. Quotations are 3 per cent
S ev en
Excess
Excess
Excess
for.thirty to sixty days ; 3| per cent for ninety days to 2 I o s .m
Im
E x
Im
E x
of E x
of
Of
Export». Import».
ports. ports.
port». port».
fou^ months, and 4 per cent for five to seven months
port».
Imports.
Exports
$
$
on good Stock Exchange collateral; but lenders will 9 1 - 9 2
9
$
«
$
$
t
$
*244
6 2 .8 « 9 67,042 *4,373 1,089 6,663 +5,634 1.661 1,905
not make concessions from these rates. While the in July..
1,223 3,149j 1,660 1,489
172
6,733 1,395
72.66« 65,95;«
A u g ...
953
345
7,106 2,534 1,581
quiry for commercial paper is good, the uptown banks Sept... 82,854 61,505 21,340 7.451
803
810 16,088 3,281 2,423
O ct— 102.877 66,836 36,041 16,898
are practically out of the market, their attention being N o v . . . 110,104 64,891 45,213 8,872
2,411
4,610
2,199
8,490
382
754
2,081
2,835
255
5,761
50.491
69,445
6,019
devoted to supplying the wants of their customers. The D e c ... 119,036 62,720 37,418
806 2,352 1,116 1,236
55?
216
J an .... 100,133
places of these banks are filled by out-of-town buyers. T o t a l 651,264 458,392 1 92 8 7 ? 42,216 8,873 33,34? 20,372 12,965 7,407
+806 14,537 13,002 1,535
The offerings of paper do not inprease, but there is no 9 0 -9 1 547,726 474.571 73,155 16.824 16,630
+878 24,400 11,095 12,705
8 9 9 0 540,634 441,406 99,228 8,697 9,575
scarcity and yet there is a slight advance in rates, there 8 8 - 8 9 454,108 421,143 33,055 6,509 19,830 +12,764 20,251 11,313 8,934
3 8 J 1 0 39,289 2.607 36,682 17,643 10,441 7,202
being a disposition among lenders not to take any paper I 8 7 - 8 * 447,06* 409,859
1 8 6 - 8 » 457,*87 386,701 70,53« 40,451 3,168 37.983 15.97« 1 0,936 5.046
below 4 per cent. A t this figure sixty to ninety-day I * Exoess of TmpoiW,
t Exqmh Qt exports.
THE
STATE ANB CITY BEfABTMEKT#
February 2 7 ,18fc2.]
THE
345
CHRONICLE.
The anthracite coal statement for January has come
to hand this week, somewhat later than usual. It
shows an increase in the stocks at tidewater points dur
ing the month of 153,264 tons, but that is evidently an
error. Assuming that the total at the end of the month
is correctly given, which there seems no reason to
doubt, the increase has been only 36,500 tons. The
mistake arises out of the use of the figures for January
31 1891 instead of those for December 31 in making
comparisons. Even with an increase, however, of only
36,500 tons in the tidewater stocks, the amount of coal
disposed of was considerably less than in the corre
sponding month last year, for the increase occurred in
face of a reduction of over 300,000 tons in the quantity
of coal mined. The following table in our usual form
will show the amount of coal apparently disposed of in
January for a series of years past.____________________
a loss of $372,667 in net earnings. The road must
have had a much heavier grain traffic than a year ago,
but presumably its anthracite coal shipments were
smaller, and possibly also the depression in the iron
trade and in general business had some effect on its in
come. Moreover, in previous years the gross earnings
had been steadily and largely rising year by year. The
following gives the results back to 1887. It will be ob
served that the 1891 decrease is the first break in the-,
upward movement for the whole of the period given.
L in e s e a s t op
P it t s . & E r i e .
1892.
1891.
1890.
1889.
1888.
1887.
January.
- $
$
'%
2
$
$
Gross earnings...... 5,019,'741 5,312,475 » 5,142,311 4,528,746 4,193,979 8i85!,77i
Operat g expenses. 9,943,189 3,865,256 3,836,265 8,447,950 8,188,059 2,687,420*
N et earnings... 1,074,5521 1.447.2Î9 1,803,046 1,080,796 1,005,920 1,214,851
On the Western system the results are more satisfac
tory. There the effects of the good crops and the large
Anthracite Coal.
grain movement are plainly apparent, as gross earnings
January.
have increased $184,938. However, as this was accom
1889.
1888.
1890.
1887.
1891.
1892.
panied by an augmentation of $242,764 in expenses,
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
Stock beginning..
652,156
872,282
130.977
754,132
535,652 1,026,107
o f p e rio d ..........
net earnings fell off as in the other case. The decrease
P rod u ction ........... 2,809,866 3,138,961 2,281,578 2,622,529 2,255,692 2,213,812
is
$57,826, which added to the decrease on the'Eastern!
Total su p p ly.. S,564,298 3,674,613 3,307,685 3,274,685 2,386,669 2,615,594
807,314
95,168
475,448 lines makes a total decrease of $430,493.
637,668 1,138,927
790,932
8 t’k end o f period
2,773,366 3.036,945 2,168,768 2,467.371 2,291.501 2.140,14«
Disposed o f —
In the Delaware & Hudson report, now made public,,
Thus, apparently, 263,579 tons less passed out of the we get our first information of the course of that com
hands of the comoanies in January 1892 than in Janu pany's earnings and operations during the late calendarary 1891. It would hardly seem justifiable, however, year. The company does not make monthly rettffns of:
to lay any special stress on this falling off. In the first earnings, but usually a preliminary statement for the
place the consumption in the months immediately pre year is furnished in January. The present year 'this;
ceding had heavily increased, and doubtless many con-. preliminary statement was omitted. It appears thatBurners in those months anticipated their winter re the outcome for 1891 was much less satisfactory than
quirements to a greater extent than usual; in the sec for 1890. The company mined and transported more
ond place it will observed that in January last year the coal than in 1890, but prices were low. Then, also,,
amount disposed of was exceptionally large, the total the leased lines, instead of showing a profit of $417,034
jumping up from 2,168,758 tons in January 1890 tq to the Delaware & Hudson, as in 1890, netted a déficit
3,036,945 tons in January 1891. In view of this in- of $121,565— a difference against 1891 of $539,099^
urease of 868,187 tons last year, the decrease of 263,579 which is ascribed to a.falling off in the ice tonnage and
tons the present year appears the less noteworthy.
depression in the iron and other industries. The result,
Both the Pennsylvania and the Philadelphia & Read of these changes is that only 7’35 per cent was earned
ing have issued their January exhibits of gross and on the stock in 1891 (7 per cent is the rate being paid),,
net earnings this week. The return of the former is against 10 "48 per cent in 1890.
‘quite disappointing, and that of the latter hardly comes
The stock market this week has been dull and inac
up to expectations. As we have just shown that coal tive, with the tendency of prices downwards. A fea
production in January this year was much smaller than ture has been the listing of Baltimore & Ohio stock
in January last year, it is perhaps not surprising that and the beginning of dealings in the same. ‘We print,
the Reading should not be able to report any great im the application made to the Stock Exchange in full 'oft
provement over the results for January 1891. It is another page, in our department of railroad news. As.
proper to add, however, that in the falling off in pro has been frequently pointed out in these columiis, the*
duction, the Schuylkill region, whence comes most of Baltimore & Ohio has during the last few years been
the Reading coal, fared much better than the other greatly improved financially and physically, and is to
leading regions— that is, while the Wyoming region day in a sound and prosperous condition. The listing‘-'Suffered a decrease of 163,380 tons and the Lehigh of the shares here and in London will ensure a widen
region a decrease of 146,074 tons, the production of the ing market for the stock and undoubtedly tend to'
Schuylkill region came within 19,640 tons of the total attract increased attention to the property. Chicagoof last year. We find that the gross receipts of the Coal G-as stock has declined sharply, notwithstanding the
and Iron Company increased $88,280 over January announcement that the Economic Gas property had.
1891, and it is only the net receipts that show a loss—j been acquired in its interest, and New York & ‘New
Tery slight however, namely $1,556. In the case of England has been weak on the poor statement of net,
the railroad operations the Reading shows an increase earnings for the December quarter. The general mar
in gross receipts from $1,712,090 to $1,727,214, and an ket has been adversely affected by the renewal of gold
increase in net earnings (including miscellaneous in shipments.
come) from $813,341 to $814,206. The changes are
The following statement, made up from returns:
very slight and would hardly call for remark, except collected by us, shows the week's receipts and shipments*
that in the month preceding there had been very strik-, of currency and gold by the New York banks.
ing improvement, which led to expectations of contin-i
N et Interior
Beteived by Shipped by
W ed t-E iu m tF eb .' 26, 1862.
ned heavy gains in the months following.
Movement
N .T . Banks- N. T . Banks.
The Pennsylvania1statement «has certainly been a
$2,461,000 $2,678,000 L oss. $ 2 1 7 ,0 0 0
1 364,000 Loss. 1,050,000
814,000
»surprise, 'showing as it does for» the Eastern system a â o id .
........
|Lo*iJ.$U267,OO0
$4,042,000
$2,775,000
T
otal
gold
and
lega
l
te
n
d
e
rs
....
-loss of nearly $300,000 ($292;734)dn gross earnings and*
846
«"
TH E
CHRONICLE
.--- . .
- ...
a
--Besult with Sub-Treasury operations and gold exports,
Week Ending Feb. 26, 1892.
In to
Banks.
S a a k s ’ Interior m ovem ent, as above
Snb-Treas. oper. and gold exports.
$2,775,000
14,000,000
Out o f
Banks.
N et Change in
Bank Holdings.
$4,042,000 Loss.$1,267,000
16,200,000 Loss. 2,200,000
T ota l gold and lega l te n d e rs ___ $16,775,000 $20,242,000 Loss $3,467,000
The following table indicates the amount of bullion
In the principal European banks this week, and at the
corresponding date last year.
Bank o f
February 25, 1892.
Gold.
£
B ngland........ 24,860,246
France........... 66,287,346
<3ennany.. .. 36,700,600
A n st.-H u n ’y.
6.489.000
3.168.000
Netherlands..
Nat. B ’lgium . 2,866,667
Silver.
£
50,475,372
13,233,500
16,742,000
6,655,000
1,433,333
Total.
February 26, 1891.
Gold.
Silver.
Total.
£
£
£
£
*8,313,544
24,860,246 23,313,544
105,762,718 48.631.000 49.704.000 98,335,0C0
48.934.000 29.014.000 14.607.000 43.521.000
22.281.000 5.422.000 16.566.000 21.978.000
9.823.000 4.905.000 5,544,000 9.749.000
4.300.000 2,846,667 1,423,333 4.270.000
Tot.thls week 128,371,759 87,539,205 215,910,964 113,432,211 87.734.333 201,166,544
T ot. prev. w ’k 127,941,234 87,117,158 214,358,392 112,436,97» 87.335.333 199,771,81*
W H Y DO WE E X P O R T GOLD?
§T So many inquiries reach us in relation to the condi
tions affecting a gold outflow that we find it more conYenient to repeat here, in place of writing each
inquirer, some things we have said on previous occa
sions about our foreign exchange market, and there
fore about the movements of gold. The subject always
comes up with fresh vigor every time there is a turn
in the current of that metal or in the tendency of
exchange; for there are tidal movements in the com
mercial affairs of the United States and they usually
occur with great regularity twice a year.
In these matters the United States differs essentially
from Great Britain, so far indeed that the two coun
tries in relation to their trade with the outside world
have few points in common. Great Britain has large
investments in every part of the globe, all of them of
varying degrees of productiveness, but in the aggregate
netting a goodly income which is constantly increased
by new purchases. It has, too, a trade which is so
conducted by direct exchanges of products, by the
practice of “ dating forward and “ consignments,”
that the balance between exports and imports at any
given time in no measure represents the balance of
indebtedness then existing even on the merchandise
operations. Moreover England is the carrier of her
own exports to many countries, and her services in that
matter put those countries in her debt in a heavy amount.
Then, finally, Great Britain’s trade is free, and as
a development of this fact that Kingdom has become
the world’s entrepot, almost every international trans
action entering into and influencing its exchanges, and,
what is most important, giving at some point in its prog
ress a profit to its merchants.
Vast quantities of
goods that never touch the shores of Great Britain are
paid for through London and London bankers, bills on
that city being in universal demand and commanding a
higher proportionate price. Eor these reasons, to talk
about the favorable or unfavorable balance of the trade
of Great Britain (meaning thereby its excess of mer
chandise exports or imports) as if that balance admitted
o f a definite deduction as to the country’s actual trade
balance, is of course a delusion.
But, as already said, this condition of affairs by no
means applies to the United States. Our international
dealings are not very complex. In any analysis of the
settlement of current accounts the merchandise trade
balance is by far the most important item. Indeed,
other movements are so regular that if the trade result
be known we have all that ¡is needful under healthy
[Voi. LIV.
conditions to interpret the problem. In other words,
with the state of the merchandise balance given we
ought to be able to forecast the future of foreign
exchange, and if that market does not follow such a
forecast, we are forced to conclude that unusual dis
turbing conditions have intervened. Among the regular
movements other than imports and exports of merchan
dise is the flow of fresh capital from Europe to America.
This is a new country abounding with undeveloped
wealth, affording innumerable opportunities for invest
ment, and Europe always has a surplus seeking just
such fields. It has therefore become the normal con
dition since specie payments were established that we
should be receiving capital from Europe every year.
The capital has gone into our railroads, into mortgages,
into mines, into city bonds, into every branch of indus
try and every form of obligation. It is the power that
has been foremost in the work of developing our great
Western country.
Besides these matters the anount we pay Europe for
freight charges on our imports is every year a consider
able item. A New York correspondent signing himself
“ Stock Exchange,” in writing to us very recently on
this point makes a grave error in putting in his compila
tion of our annual indebtedness to Europe an esti
mate of freight charges at a rate of 8 per cent on
values of all our exports. Without questioning the rate
per cent adopted, it is sufficient to say that those who
purchase our goods pay for their carriage— that is an
item which does not fall on the United States at all.
Just as we pay for our imports the cost in the produc
ing country and transportation charges, so purchasers
of our commodities get their goods home at their own
expense. There is, however, another unwritten item
attaching to the imports to be mentioned. We refer to
smuggling and undervaluation of imports. Of course
with a high protective tariff these are always a factor
of considerable importance, and one the proportions of
which cannot be determined except as they may be inferentially through an examination of the trade figures,
as we shall presently see. Closely analagous in in
fluence to these acts by importers is the alteration
as to method of valuing imports that was made under
the Act of March 3 1883 and again under the act of
June 10 1890.
A few words with reference to these amendments to
the Customs laws are needful. The former statute
specifically took off (on and after July 1 1883) and
the latter restored (on and after Aug. 1 1890) as a
part of the valuation of imports the sacks, crates,
boxes and other coverings of merchandise included in
the valuations prior to July 1 1883. Furthermore, in
Section 2,907 of the law as it stood before July 1883,
the additional requirement of “ commissions at the
“ usual rates, but in no case less than 2% per cent,”
was also made a part of the valuation. Since the 1883
repealing act included the repeal of the whole of Sec
tion 2,907, and as the act of 1890 did not specifically
restore the commission clause, it has been assumed that
to reach the true valuations at least 2% per cent must
be added to the imports for each year since 1883.
Indeed, the Bureau of Statistics states that Customs
officers have estimated the total reduction effected by
the act ©f March 1883 to have been from o to 7
per cent.
We are not inclined to accept any
such estimate.
No doubt during the interval
between 1883 and 1890 something for cost of the pack
ages ought to be added to each year’s imports to make
the valuation of that period bear a corresponding rela-
F ebruary 27, 1892.J
THE
tion to the prior and subsequent valuations; but at the
same time we must say that we cannot think that the
repeal of the commission item or even the package cover
ings provision was nearly as important a matter as ap
pears on its face. The Customs statutes have all the
time required in substance that the valuation should be
the wholesale market price or general market value at
the time of exportation in the principal markets of the
country whence the imports come; and when in ad
dition to these general requirements other specific
items of cost are added, an equivalent somehow gets de
ducted in other ways. That is to say, these legal attempts
at specific charges of value in addition to wholesale cost
belong to just that class of charges which is most lia
ble to be evaded and the evasions covered up when
charged, and therefore when taken off effect but a
slight deduction in the foreign valuations.
There is a single other matter which is often
made over-much of in estimating our annual unre
corded debt to Europe, and that is the money spent
by Americans traveling abroad. Indeed we are in
receipt of a letter written us to show the cause for gold
exports at the present time in which is repeated that
absurd and widely circulated estimate made about two
or three' years ago of “ 75,000 tourists at $1,000 each
making $75,000,000 ” as representing this item. Those
figures were put afloat for the year of the Paris Exhibi
tion and were based upon the official statement of the
total number of citizens of the United States returning
to America less foreigners visiting the United States
(other than immigrants) the same year. Of course
first of all there must be eliminated from the estimate
whatever disbursements it includes made by these indi
viduals for articles which passed through the Custom
House. That portion of their expenditures is all
recorded in the trade figures among the imports.
Eliminating this large portion, the claim is reduced to
a statement that Americans who cross the ocean every
year spend for passage money, traveling expenses,
board and sundries an average of $1,000. Is it not
probable that nearly one fifth of the total
number do little more than take the voyage
to Liverpool and back? Then may we not assume that
another quarter or thereabouts were in very moderate
circumstance*, many of them perhaps naturalized
citizens going to visit their friends. A further consid
erable part of the remainder no doubt were children
paying half fare. Moreover it is a fact that nearly
all Americans that visit Europe are careful in their
expenditures, and it is hardly necessary to add
that if one wants to move about cheaply or live
frugally one can do it nowhere more easily than in
Europe. As to those who spend lavishly, it is the
very few not the m any; to be sure a portion of the
latter are noisy and are often taken as representing the
crowd, though it is a wholly wrong estimate. On the
other hand what shall we say of 490,109 immigrants
who landed on our shores the same year. Many of
them came here no doubt poor enough, but the number
is so considerable that even average holdings of a few
dollars form a large aggregate. Fifty dollars each
makes a total of about twenty-five million dollars ; or
even allow an average of half that amount and still the
item is important and will go far towards offsetting
what Americans spend in Europe other than what
comes through the Custom House and appears in the
trade statement.
We need hardly ask, what inferences are we authorized
to draw from the foregoing review» The facts given
347
CHRONICLE
seem to have brought U3 to the conclusion that no
item enters into the trade accounts of the United
States which serves to vary materially the balance be
tween America and the outside world, as shown by our
foreign trade figures, except (1) the European invest
ments here and the movements of foreign capital in and
out of the country, (2) the freight charges on our im
ports, and also (3) the undervaluations on imports,
among the latter being included the results of the
changes in the Custom House laws already referred
to. Of course there are conditions affecting foreign
exchange of a merely temporary nature, and some
times wholly unconnected with the country's trade,
like variations in the rates of interest, that do not come
within this inquiry, and need not be mentioned here.
But those items that have been mentioned as material,
all of them, it will be noted, except the inflow of
foreign capital, serve to decrease a favorable trade
exhibit.
As a consequence of our last .remark, it is evident
that the foreign trade record does not need to be ad
verse to warrant gold exports ; indeed, every one knows
that even when there is no balance either way the trade
is on a basis for liberal shipments unless we are receiv
ing fresh foreign capital freely. With this thought in
mind, and having reference also to what has been said
previously, the following statement becomes highly
suggestive. It is a compilation we have prepared, and
gives (1) the net favorable merchandise balance, includ
ing silver—that is the excess of exports over imports of
merchandise and silver each year; (2) the net gold im
ports or net exports; and (3) ■the aggregate favorable
balance of the entire trade— that is, including mer
chandise, silver and gold.
Calendar
years.
N et favorable balance
merchandise & silver.
1880................. $194,238,663 Exports.
1831................
1 8 8 2 ...............
171,807,308Exports.
N et gold imports and
exports.
Total favorable
balance.
$70,582,239 Imports. $123,618,424 Exports
57,795,077 Imports.
23,357,109Exports. ' 25,318,551 Exports.
114,012,231 Exports.
48,675,660 Exports.
1883 ............. 119,784,413Exports.
16,007,191 Imports.
103,777,222 Exports.
1884 .............. 134,163,539 Exports.
12,990,589 Exports.
147,154,128 Exports.
1885 .............. 115,888,949 Exports.
12,228,104 Imports.
103,660,845 Exports
Total 6 years.$759,229,981 Exports. $118,303,471 Imports. $640,926,510 E xports.
A veraging... $126,538,330 Exports.
$19,717,345 Imports. $106,821,085 Exports.
We begin with the year immediately succeeding the
return to specie payments and close with 1885 for
several reasons. In the first place, since 1879 our
Custom House figures have been more carefully kept
than before, while prior to that date there was a special
disturbing feature, the premium on gold, which cannot
be eliminated though it has been attempted. Then
again specie payments brought in a new era, for with
that event foreign capital began to come to us more
freely than ever before. * And finally we stop
the statement with 1885 because that was the
year of the West
Shore settlement, and with
that settlement another period began when the
inflow of foreign capital received another and very
marked impulse. Note now the striking fact the fore
going statement discloses. It shows an unsatisfied bal
ance for every one of the years included, and in the
average $106,821,085 of apparent unpaid debt due the
United States for each of those years. This average
would be reduced in a small degree were we to make an
allowance after July 1883 for the change in Customs
laws— that of course would increase the import column
and hence decrease the net exports. But allowing for
that item would enable us to allow for new capital com«*
ing in, and still leave the inference that during all the
years named we were indebted to the world for in-
818
T fiE
OffRONICLE.
terest, for freight charge?, and for undervaluations, in
AWamount which required us to pay about eight or ten
fnillion dollars a month.
We now come to the next period. After the West
‘Shore settlement, capital flowed into the country with
greatly accelerated freedom. This is a fact well known
by every one at all familiar with the financial affairs of
that period. The event, too, was distinguished by the
growth of much closer connections between the leading
banking houses of America and Europe; thereafter
London and the Continent began to take our securities
as freely as they were taken at home. We have not
time to enlarge upon this point. Indeed, it is hardly
necessary to do so as the following statement, made up
in the same form as the previo us, is a graphic repre
sentation of the change which took place.
[V ol. L iv .
flow of capital to America. And what is more, Eng
land did not have poor Grops in 1891 and yet to-day she
is not only not sending capital here but she is actu
ally taking it away. Why is this? In the face of such
facts is it not very clear why we are exporting gold ?
THE CHICAGO & A L T O N HEP OUT.
It is rather noteworthy that in his present report
President Blackstone of the Chicago & Alton does not
continue the “ General Kemarks” on the railroad situa
tion and the course of legislation regarding railroad
matters, which distinguished the reports of the years
immediately preceding, and which formed able contri
butions to the literature of the subject. Possibly the
omission has no special significance, merely indicating
that Mr. Blackstone finds that there is nothing new to
N et balance.
N et gold imports
Total
merchandise and silver.
and exports.
balance.
add to what has previously been said. To many, how
1886
........ 163,807,313 Exports.
$25,959 Imports. $59,781,381 Exports.
ever, it will suggest that Mr. Blackstone thinks the
1887
..................... 1.................... 17,354,940 Exports. 35,744,873 Imports. 18,389,933 Imports.
3,887,789 Exports. occasion has passed for indulging in furtherdiscussions,
1*888...................... l9,677.886<tmports. 23,565,674 Exports.
We1have made no allowance in the foregoing for the since under good crops, the prosperity of the farming
alterations in the Customs laws’as to valuation of im interest, the practical cessation of the building of un
ports. Were we to do so the results would be more necessary new mileage, and the general growth and de
'Striking still. But as'the table 'stands, if the reader velopment of the country, the outlook for railroad
WilLoompare these years with the years included in the properties in the West has very greatly improved.
previous table the change in the situation which the Moreover, as far as the Alton itself is concerned, the
Íwo refleet will be sufficiently manifest. The year 1886 figures now submitted show that very decided improve
is the first under the new conditions, and in ment has already occurred.
Considerable interest attaches to the report. The
tthat year it will be noticed that although the
Alton*
makes neither monthly nor quarterly returns o f
merchandise and silver movements showed less
•than 60 millions of net favorable balance, we its earnings, gross or net, so that the report furnishes
•imported Of gold net ^$25,959.
Next year, 1887, the first knowledge we have had of the course of its
and even more distinctly in the following year, 1888, income during the late calendar year. The results
the evidences of this flood of foreign capital flowing for 1890 had proved unsatisfactory, the year having
into the country are most apparent. Take the two been in many respects the poorest for a decade or more,
years together, and instead of their being a net in the ex and it was known that some of the conditions which
ports of merchandiseund silver there was even an adverse had produced these unsatisfactory results in 1890, con
balance or an exeess of imports of -$2,322,945, and yet tinued in operation during at least the early part o f
the-country imported of gold for the two years a net of 1891. Another element of uncertainty existed in the
J$l2,179,199. Contrast this result with the average net fact that on account of a dispute with the Eastern
favorable balance needed to liquidate our annual trunk lines on the question of the payment of commis
indebtedness in the first period, 1880 to 1885 inclusive, sions to passenger agents, these lines had “ boycotted’*
and we have the change in its fullness clearly before us. the Alton on passenger business, refusing to sell tickets
In conclusion we would turn the reader’s attention to over its road, or to honor those issued by it.
All these things considered, the outcome of the year’s
the* final period, the last three years. The results dis
operations
has proved better than could have been sup
closed seem to us sufficiently expressive without much
posed
possible
at the opening of the twelve months,
comment. The summary in the same form as before is
there having been, as already stated, decided improve
.subjoined.
N et balance
N et gold imports
ment over the calendar year preceding. For this
merchandise and ’ silver.
and exports.
Total balance.
improvement
it is needless to say the good crops and.
1889 ............ $78,059,350 Exports.
$38,928,828 Exports.
$116,988,178Exports.
particularly
the
large wheat crop produced in 1891
1890 ................ 38,046,481 Exports.
3,832,984 Exports.
41,878,465Exports.
1891 .......... 161,197,823 Exports.
34,118,202 Exports.
185,316,025Exports
have been in great measure responsible. In brief,
‘We do not need to say that during these years the gross earnings increased over half a million dollars,
demand for our securities has been on the wane; the and net earnings nearly half a million. Stated in.
figures show it; the country knows it. In the last year, exact figures the increase in gross earnings is $525,128,
1891, we have exported $185,316,025 more than we or 7*43 per cent, and the increase in net earnings
have imported.
Is not that a humiliating record ? $448,380, or 16170 per cent. This improvement was
We say humiliating because our own acts are driving all secured in the last seven months of the year. In
away the capital
which
these facts indicate the first five months the effects of the unfavorable con
is leaving us, and because this country is in want of ditions prevailing were very apparent, the gross earnings
all the capital it can get. Besides, there is no field so for this!period falling off about $200,000 ($199^149).
promising for investment as the United States With the gain for the twelve months $525,128, it fol
presents to-day.
Furthermore, there are more lows that for the last seven months the increase in gross
millions than there ever were desirous of com receipts was almost three-quarters of a million dollars,
ing here.
Some console themselves with the which shows-how decided was the change.
It must not be supposed that under this increase in
idea that because crops were poor in Europe, England
1891
the whole of the previous loss has been recovered.
and the Continent have no money to invest. There is
no ground whatever for that suggestion. We have fed Far from it. Total gross!receipts for-189*1 are $7,f>90,’JEurope before, and . yet there was no stoppage in the 881 against. $7,065,753 for 1890. I n 1887, however,
F ebruary 27,1822, J
TH E
CH RONICLE
319
the total was almost nine millions ($8,941,386), and in this work had been substantially completed the expense
1883 and 1884 was also very large, averaging 8 f mil account in 1891 was in consequence diminished.
Under the increase in net earnings the income ac
lions per year. In fact, eleven years before, in 1880,
the total was larger than for 1891, standing at $7,687,- count for 1891 makes a different and more satisfactory
226 then, against $7,590,881 now. So, too, as regards showing than that for 1890. As is known, notwith
the net earnings. While the amount for 1891 i3 larger standing the trying times through which the Alton in
than for the three years immediately preceding, it is common with other Western roads has had to pass dur
smaller than in any other year hack to 1879. This ing the last decade, it has not been obliged to reduce
gives an idea of the severity of the depressing influences its dividends, maintaining the regular 8 per cent right
at work in this interval, arising from the multiplication through the depression, and being the only prominent
of competing lines, the decline in rates, etc. The en road distinguished in that way. The effect of the de
couraging feature is, that there was recovery from the pression was seen mainly in the diminution of the
low totals of 1890, thus favoring expectations of an up yearly surplus, and which surplus of course went into
ward tendency hereafter, instead of a continued down the property, adding to its value and efficiency. Aside
from the surplus used in this way, it has been the prac
ward tendency.
The increase in the late year came both from the tice to charge certain capital expenditures directly
passenger and the freight departments, though of against income each year, the same being deducted be
course most largely from the latter. The increase in fore arriving at the surplus. In 1890 net earnings had
the passenger earnings attracts attention by reason of dropped to such a low figure that the amount was in
the rupture of relations with the trunk lines above re sufficient to cover the expenditures for new property in
ferred to. The increase is $108,082, or 5T5 per cent. that year, in addition to fixed charges and the usual divi
In the freight earnings the ratio of gain is somewhat dends, and hence instead of the customary surplus there
heavier, being 8'93 per ce n t; that however would natu was on that year's operations a deficit of $292,381.
rally be expected seeing what a prominent feature the Now for 1891 the old situation has again been restored,
crop movement has been. President Blackstone in re and a surplus shown on the year's accounts. The sur
ferring to the increase in the passenger traffic simply plus is $223,066, and is calculated on the basis of full
remarks that “ from the month of April until the end of allowance for expenses, charges, interest and dividends,
the year a very considerable increase” occurred, making a payment of $88,742 into the sinking fund on bonds
no other statement or comment. As the period in ques purchased, and a further payment of $200,220 for new
tion is coincident with that covered by the trunk-line boji property acquired,
A strong point in the position of the company has
cott, the inference is that the boycott operated favorably
to the road rather than the reverse. Statements to that been the fact that its capital is small and has never
effect have also appeared from time to time in some been watered. During the last eight years, the report
o f the daily papers. It is difficult to tell from the tells us, there has been no increase in the stock of the
traffic statistics if the conclusion is justified. It ap company, while the bonded debt has actually been
pears that the number of local passengers carried fur reduced $735,000. In the same interval, we are told,
ther increased during 1891, rising to the largest annual $2,153,870 has been charged to income account and
total ever reached. But if the boycott was beneficial expended in the purchase of additional real estate,
to the road, it would seem as if the through passenger rolling stock and other property. With it all, the com
traffic should also give evidence of the fact. As it pany has managed to keep a large aggregate of cash
liappens, the number of through passengers fell off from and cash assets on hand, for we notice that while the
147,580 to 133,414, or about 10 per cent. Still it may total of current liabilities at the close of 1891 was
be that this falling off resulted entirely from the busi only $856,704, the total of cash and available current
ness depression which prevailed, causing a diminution assets at the same date was reported as $1,869,763, no
in through travel over other lines as well as over the less than $1,324,722 of the amount being actual" cash.
Alton. We notice for instance that the freight move It is worth directing attention, too, to the fact that
ment reveals the same characteristics^ that is, an in very soon the company will have an advantage in the
The
crease in the local traffic and a decrease (after very maturing of two issues of high-rate bonds.
heavy decreases, too, in the years preceding) in the $2,383,000 of first mortgage 7 per cent bonds fall due
through traffic, the latter dropping to the lowest aggre January 1 1893, and the $2,929,000 St. Louis Jackson
gate attained since 1879, notwithstanding the large ville & Chicago bonds (also 7 per cents) fall due April
Both issues can be replaced at a much lower
-crop3. Some of the individual items of freight— coal 1 1894.
and merchandise for example— disclose the same ten rate, thus insuring an annual saving by the amount of
dency, the amounts for 1891 being much below those the difference. '
for the best of previous years.
EAR N IN G S OF UNITED STATES
It may seem surprising that the increase in net earn
R AILR O A D S FOR 1891.
ings in the late year was almost as large as the increase
It is gratifying to us to be able to present a very
in gross earnings (freight, passengers, etc., combined),
the augmentation in expenses on an addition of $525,- comprehensive exhibit of the earnings, gross and net,
128 to gross receipts having been only $76,748. The of United States railroads for the late calendar year—explanation is found in the fact that there was a reduc the most comprehensive in fact of any statement ever
tion in the cost of maintenance of way of $121,839. published by us. As stated on previous occasions, this
.All the other main classes of expenses, such as con compilation is not confined to the roads which furnish
ducting transportation, motive power, and mainten us regular monthly returns, but includes hosts of
ance of cars, increased over the amounts for 1890. other roads whose results for the calendar year we have
With reference to the diminution in the cost of main been able to obtain and embody in our tabulations.
tenance of way, Mr. Blackstone points out that during The magnitude of the final totals at which we arrive,
the previous ten years an average of about $200,000 both as regards earnings and mileage, presently to be
per annum was expended for ballasting, and that as cited, will make it appear how vast is the extent of the*
350
THE
CHRONICLE.
[V ol. LIY,
operations embraced in our statements. While therefore liminary remarks we furnish the following brief sum
these statements do not coyer the entire railroad system mary embracing the whole 219 roads.
of the country, they cover by far the greater part of it,
*--------------------J a n u a r y 1 to D ecem b er 31.----------- ■
i
— -(2 1 9 * r o a d s .)------------- - ,------- I n cr ea se.-------and moreover every geographical section and all the
1891.
1890.
A m o u n t.
P. O
different classes of roads are represented, so that the Miles of road Dec. 31 135,612
132,811
2,801
211
$
$
$
results accurately and completely reflect the general
Gross earnings........ 1,103,636,503 1,056,568,923 47,067,580
4-45
course of railroad affairs.
Operating expenses. 750,282,585
725,771,429 24,511,156
3-38
Aside from the comprehensive nature of the exhibit, __ Net earnings. . . . 353,353,918 330,797,494 22,556,424 6^82
the statements have the merit of promptness in publi * Of these, 13 roads have reported for only 11 months.
cation and uniformity in the period embraced. The
As against the $1,103,636,503 gross earned in 1891
period is in all cases the calendar year 1891 as com the 219 roads had earnings of $1,056,568,923 in 1890,
pared with the calendar year 1890, excepting only those and against $353,353,918 net in 1891 they had $330,few instances (only 13 in all) where, owing to our in 797,494 net in 1890. The mileage of 135,612 miles at
ability to get the returns for December, we have been the end of 1891 compares with 132,811 miles at the end
obliged to give the earnings for the eleven months end of 1890. In a word, the 1891 gross earnings are 47
ing November 30 in both years. Thus the results are million dollars better than those of 1890 and the net 22£
not subject to the qualifications which must be made million dollars better, and this result has been reached
where mixed periods (each road for its own fiscal year) on an addition of 2,801 miles to the extent of road
are taken. In relation to the promptness of the com operated; that is to say, with 2T1 per cent increase in
pilation, the information furnished is certainly very mileage, we have 4*45 per cent increase in gross earn
fresh, as not quite two months have elapsed since the ings and 6*82 per cent increase in net earnings.
close of the period embraced by the figures. When it
We reviewed the conditions affecting railroad opera
is borne in mind that most of the roads have fiscal tions during 1891 in our issue of January 16th, and will
years differing from the calendar year, making it diffi say here only that the most of these conditions were
cult to procure statements from them covering the cal markedly unfavorable.
For a good part of the
endar year, the achievement will appear the more note year the roads suffered from the short crops of the
worthy. One other advantage may be claimed for the previous season and the effects of tbe financial disturb
statement, and that is that all the various roads are re ances at the close of 1890. The iron trade was greatly
ported in detail, each in its own group, thus rendering depressed, the ore shipments fell off, there was a pro
it possible to see just how each particular road has longed strike in the Oonnellsville coke region, gen
done, and how the changes in its earnings compare with eral business was inactive, and two important
those of the rest of the group, and enabling also any sections of the country, namely the Pacific Coast and
one so disposed to test the accuracy of the compilation. the South, suffered severely from local causes. The ex
Omitting duplications, our detailed statement em cellent crops raised during the year proved a favoring
braces 219 separate roads. By duplications we mean influence of decided moment, but general business did
the returns of roads forming parts of other systems and not revive, except in limited sections, and in the South
whose earnings are already included in the totals of the depression became more pronounced under the con
latter. Thus the Grand Bapids & Indiana, the Pitts tinued decline in the price of cotton and the low price
burg Youngstown & Ashtabula, and several others for of iron. Iu the circumstances, an addition of 47 mil
which we have separate returns, form part of the West lion dollars to gross receipts and an addition of 22£
ern system of the Pennsylvania, and their earnings are million dollars to net receipts in a year of such a char
embraced in those of that system. To add such roads in aeter must be regarded as quite significant, and illus
separately after having already given their results in trative of the tendency towards steady growth and ex
one general total would help to swell our aggregates pansion which has often been noted as a feature of our
and increase the number of roads, but would be en industrial development even in dull times. In order to
tirely inaccurate and make the results misleading admit of comparisons with other years in the matter
and unreliable. Out of the 219 roads, 13 roads, as al of increase, we give the following summary extending
ready stated, have reported earnings for only eleven back to 1886, prepared from our yearly compilations.
m onths; the remaining 206 roads cover the full
Oro»8 Earnings.
N et Earnings.
and
calendar year.
These 219 roads, according to Fear
number
Tear
Tear
Increase or
Tear
Tear
Increase or
our compilations, earned over eleven hundred million of roads. Given. Preceding Decrease.
Given.
Preced'g.
Decrease.
dollars gross in the late calendar year— l,1 0 3 f millions Jan. 1 to
Dec. 31.
$
$
$
t
%
t
— and their net earnings reached 353£ millions, confirm 1386 ( 69) 510,762,162 169,515,357 +11,216,826 177,010,178 160,928 982 +16,081,19®
726,398,288
610,188,606
+86,209,680 257,301,922 226,860,658 +30,111,369
(101)
ing what has been said above as to the magnitude of 1887
L8S8 (127) 751,697,952 737,731,366 +13,963.586 235.115,666 258,972,626 -23,826,960
the totals. The extent of road covered by these totals 1889 (161) 856,178,610 813,613,181 +42,865,026 288,273,682 255,811,248 +32,169,131
1890 (206) 1007610768 935,399,288 +72,111,530 328,009,158 313,780,569 -11,228,88»
is 135,612 miles. A few of the roads lie outside of the 1891 (219) 1103636503 1056568923 +47,067,580 363,363.918 330,797,194, +22,556,121
country, but less than half a dozen altogether. The N o t ..—The above com parisons include lo r 1886 13 roads fo r only
eleven m onths in each y e a r ; fo r 1887, 1 0 ; 1888, 8 ; 1 8 8 9 ,1 1 : 18 90.
two Mexican roads— Mexican Central and Mex 19, and fo r 1891,13.
ican National— belong to this class, and so do the Grand
This brings out one important fact, namely that
Trunk of Canada and the Canadian Pacific, though while the year preceding was much better than the late
both these latter have some of their mileage in the year as regards the improvement in gross earnings, it
United States. The Michigan Central results embrace was not so good as regards the improvement in net
those of the Canada Southern, which lies in the Do earnings. In 1891 the increase in gross earnings was
minion. It is proper to say also that in the case of the 47 million dollars, in 1890 it was over 72 millions ; but
anthracite coal roads the coal business is included in the 72 millions increase in 1890 produced only 14 mil
our comparisons as well as the railroad business, since lions increase in net, whereas the 47 millions increase in
it is not possible to separate the two; and moreover no 1891 produced 22£ millions increase in net. Two
exhibit of these roads would be complete or have any important circumstances account for the more favorable
value that did not comprehend both. ‘ With these pre result in the later year. In the first place we may
THE
F ebruary 27, 18f2.]
assume that rates were on the whole better maintained
and in the second place there was a marked difference
between the two years in the situation regarding out
lays and disbursements. In 1890, with business active
and railroad earnings increasing heavily (till late in
the year, when there was a change), managers
were very liberal in making outlays, and not only
spent a great deal in making ordinary repairs
and
renewals
but also
took large amounts
out of earnings for improvements and betterments
and additions to property. This, combined with some
other circumstances tending to swell the expense
accounts (such as higher wages &c ), reduced the gain in
net to small proportions. In 1891, however, with the
outlook decidedly poor, railroad managers were forced
to economize to the utmost, and in many cases doubt
less it became necessary to forego altogether making
levies on earnings for improvements and betterments.
The last half of the year, when the grain movement
reached unprecedented dimensions, produced of course
very much better results than the first half. In our
issue of August 22 1891 we summarized the results for
the six months to June 30 and found that on the 110,365
miles of road included the changes were quite slight— a
gain of $7,317,198 in gross earnings and a gain of
$3,585,632 in net. For the year, on 135,612 miles, as
we have seen, the gain in gross is 47 millions and in net
22-^ millions. It is quite a remarkable fact that in face of
all the unfavorable conditions prevailing there was only
one month in the year— namely May— when our monthly
statement showed a loss either in gross or net. Below
we furnish a summary of these monthly results. They
■do not cover so many roads as our present exhibit for
the year, and yet are quite representative, and reflect
correctly the course of affairs during the twelve
months.
CROSS AND NET EARNINGS.
Month &
No. of
Roads.
Gross Earnings.
1891.
1890.
Increase P.c.
N et Earnings.
1891.
1890.
$
$
$
$
$
Jan. (125) 50,066,280 46,208,836 3,857.444 8-35 13,972,540 12,464,056
E ebJllS) 45,317,064 48,484,394 1,832,670 4-21 12,346,957 11,492,857
Mar.(140) 53,049,806 52,656,175 393,631 0-75 16,036,284 15,929,322
Apr.(135) 52,987,642 52,901,036
86,606 0-16 15,906,246 15,381,672
May(131) 53,440,399 65,343,271 +1902872 344 16,783,884 17,390,666
J ’ne (128) 50,519,690 48,387,290 2,132,400 4-41 15,800,359 14,077,053
July (143) 57,847,408 54,200,578 3,6*6,830 6-73 18,913,334 17,215,315
Aug.(137) 62,474,852 59,542,861 2,931,991 4-92 22,510,970 21,333,778
Sept (148) 66,146,846 61,552,791 4,594,055 7-46 24,895,923 22,566,571
Got. (146) 73,055,349 67,209,072 5,846,277 8-70 27,934,452 25,212,102
Nov.(138) 67,458,451182,545,349 4,013,102.7‘88 23,718,778 20,795,374
Dec. (132) 64,187,168 58,870,658 5,266,510 8*95121,071,097 18,406,852
+ Decrease.
Inc.orDec. P.et.
*
+1,508,484 12-10
+854,100 7-43
+106,962 0-67
+524,574 3-41
-606,782 3'49
+1,723,306 12-20
+1,668,019 9-67,
11,177,192 5-52
+2,329,352 10-33
+2,722,350 10-80
+2,923,404 14-06
+2.664,24514-48
Much the same characteristics are observed when
we make an analysis of the earnings by groups of roads.
It is found that while many separate roads have
suffered a decrease in earnings, there is not a single
group which shows a loss in gross, and only one
which shows a loss in net, namely the New England
group, and there the falling off has no significance, as
it is a well known fact that the expenses of the roads
in that section vary a great deal from year to year,
depending very largely upon the amounts spent for
additions to property account, which in any given year
•may he light or heavy; moreover, in the present
instance one road— the Boston & Albany—is respon
sible for more than the whole of the decrease.
Excepting this group, every group indicates for 1891
larger totals, both gross and net, than for 1890. We
give a summarized statement of the groups a little
further on.
Aside from the changes from the year preceding, a
statement of this kind brings out strikingly the differ
ence in the conditions, character and density of traffic
351
CHRONICLE.
between different groups and sections. The Pacific
Coast group, the Northwestern group and the Trunk
Line group in the table following do not differ much
from each other in mileage, the Pacific covering 25,343
miles, the Northwestern 24,168 miles and the Trunk
Lines 24,034 miles. But while the Pacific Coast group
shows gross of only 147 millions and the Northwestern
group gross of only 129 millions, the Trunk Line group
has a total of 314 millions. So, too, as regards the net
earnings. The Pacific group has only 55 millions and
the Northwestern less than 47 millions, but the Trunk
Lines over 98 millions.
Gross Earnings.
Se c t io n o r
Group.
N et Earnings.
1891.
1890.
1891.
1890.
8
$
61,104,937
305,203.051
135,623,858
49,793,795
56,784,733
122,061,026
91,547,377
142,194,713
82,074,772
10,180,661
$
18,906,423
98,119,027
36,244,416
18,010,784
21,099,037
46,570,357
27,096,712
55,116,598
28,339,937
3,850,627
$
19,932,429
94,543,623
33,896,812
17,076,121
19,708,762
41,685,235
25,094,109
49,493,920
26,114,953
3,251,530
Ine. or Dee.
$
—1,026,006
+3,575,404
+2,347,604
+934,663
+1,390,276
+4,885,122
+2,002,603
+5,622,678
+2,224,984
+599,097
P. 0.
5-15
3-78
6-93
5-47
7-05
11-72
7-98
11-86
8-52
18-42
Tot. 219 r’ds 1,103,636,503 1,056,568,923 353,353,918 330.797.494 + 22.556.424
6-83
JanltoDecSl
N. E n g ..(12)
Tr.Lines(17)
An. Coal (16)
Mid.St’s (42)
Mid. W ’n(32)
N ’rthwn (21)
So’tliw’n(14)
Pac.Cost(23)
South’m(40)
M exican. (2)
62,488,863
314,317,782
143,248,059
52,206,547
61,532,879
128,964,919
94,416,061
147,778,507
87,101,925
11,580,961
M il e a g e —The mileage for the above groups is as follow s: New
England, 4,073 miles in 1891, against 4,006 in 1890; Trunk Lines,
24,034, against 23,898; Anthraoite Coal, 4,838, against 4,791 1 Middle
States, 4,793, against 4,700; Middle Western, 10,960, against 10,903;
Northwestern, 24,168, against 23,959; Southwestern, 19,279, against
19,052; Paoifto Coast, 25,343, against 24.663; Southern, 15,103,
against 14,094; Mexioan, 3,021, against 2,745—total, 135,612, against
132,811.
The percentages of increase over 1890 in the net
earnings of the different groups do not vary as much as
might be supposed ; disregarding the Mexican group,
which records 18*42 per cent gain in net but is com
posed of only two roads, the heaviest ratio of gain is
that by the Northwestern group, namely 11*72 per
cent; the Pacific roads come next with 11*36 per cent;
then the Southern, 8*52 per cent; the Southwestern,
7*98 per cent; the Middle Western, 7*05 per cent; the
Anthracite Coal, 6*93 per cent; the Middle States, 5*47
per cent, and the Trunk Lines, 3*78 per cent. In the
coal group the Reading and the Lehigh Valley con
tribute very heavy gains, while the Delaware & Hud
son and the Lackawanna have losses. In the Trunk
Line group the New York Central is distinguished for a
very heavy increase in net, and this is on the same basis
of mileage in both years, we having added in the Rome
Watertown & Ogdensburg earnings for the whole of
1890. In the Middle Western section the Chicago &
Alton is prominent for a large increase, and the Illinois
Central has also increased its net by a very respectable
amount.
Considerable interest attaches to the results for the
Southern group, and it is somewhat of a surprise to
find that the showing is on the whole so good. There
are, however, two roads which have each contributed
over half a million dollars gain in net— the Chesapeake
& Ohio and the Savannah Florida & Western—and
with these excluded the comparison would be much less
favorable.
While there are other roads that report
considerable improvement, taken altogether the
returns are decidedly irregular, 19 roads showing lower
net and 21 increased net. The Richmond & Danville
system is not included in the compilation, as its fig
ures could not be obtained pending the reorganization.
The Northwestern group furnishes on the whole the
best comparisons. It is not alone that the larger roads
show striking gains—the St. Paul having an increase
of $1,624,866, the Burlington & Quincy an increase of
$931,925 (at the end of March the Quincy reported a
loss of nearly $900,000) and the Chicago & Northwest-
362
THE
CH RONICLE
ern an increase of $573,333—but that many of the
Smaller roads have made very noteworthy improve
ment.
The Burlington Cedar Rapids & Northern
has increased its net from $816,148 to $1,272,696, the
St. Paul & Kansas City from $1,004,509 to $1,328,842,
the Minneapolis & St. Louis from $483,521 to $693,451,
the “ Soo” Road from $669,004 to $1,026,174, and the
St. Paul & Duluth from $512,698 to $694,351. In the
Pacific group the Southern Pacific system (notwith
standing a loss on some of the Texas lines) shows a
gain of $2,054,221, the Canadian Pacific a gain of
$1,559,194 and the Union Pacific a gain of $1,474,471.
In the Southwestern group the Atchison (including the
San Francisco) has over 1|- millions gain in net and the
St. Louis Southwestern over a million gain. To show
at a glance all the roads in the different groups which
are distinguished for large improvement, either in gross
or net, we furnish the following extended list, which
gives all gains above $300,000 in gross and all gains
above $200,000 in n e t; it also contains the small num
ber of losses above those amounts.
The roads which
benefitted by the large grain movement, whether in
the East or the West, as also some of the Anthracite
Coal roads and the Pacific roads, occupy prominent
placés in the list.
PRINCIPAL CHANGES IN GROSS EARNINGS FOR 12 M O N T H S .
In crea ses.
N. Y. Cent. & Hud. B._ $4,059,179
Ph. & It. and C. & I. Co. 3,411,780
Can. Pacific.................. 3,208,780
Chic. Mil. & St. P ........ 3,050,008
At. and San Fr. (4 r’ds) 2,413,245
South. Pac. .(6 roads).. 2,078,254
Illinois Central............ 1,820,768
Lehigh Valley.............. 1,772,216
N. Y. L E. & W.......... 1,483,933
Chic. & Northwestern. 1,225,765
Penn, (east of P .& E .), 1,224,581
Del. L. & W.................. 1,161,109
Ches. & Ohio................ 1,097,856
Louisv. & Nashv.......... 1,086,304
Nash. C. & St. L ..........
954,807
Mexican Central........
948,843
Wabash........ ................
889,707
Louis. N. O. & T ex ....
670,819
Manhattan Elev..........
666,934
Cl. C. C. & St. L. (2 r’ds)
631,318
Norfolk & Western___
610,928
Balt. & Ohio (2 roads).
610,092
Buff. Boch. & Pitts___
607,229
Bio Grande Westem..
606,415
595,285
N. Y. Ont. & West.......
Burl. Cedar Ban. & No.
582,358
Minn. St. P. & S. S. M.
573,451
Lake Sh. & Mich. So...
565,626
Northern Pacific..........
552,713
IllC ]*6ftS 6S
Central of New Jersey. * $538,041
525,128
Chicago & Alton..........
514,288
Michigan Central........
N. Y. *T. Hav. & H.......
495,757
Mexican National.......
451,457
Mo. Pac. and Iron Mt.
411,657
Chic. 8t. P. & K. C.......
414,852
St. Louis Southwest...
355,094
350,783
N. Y. Chic. & St. L___
Chic. <fc East Illinois...
335,577
St. Paul & Duluth.......
335,537
Boston A Albany........
318,452
Minn. & St. Louis........
312,002
Col. Shaw. & H ............
305,728
Total (representing
56 roads)...............$44,824,656
D ecreases.
Penn, (west of P. & E .) $1,003,645
Un. Pacific (9 roads)..
632,970
Grand Trunk of Can..
448,845
Denver & Bio Grande.
391,378
East Tenn. Va. & Ga..
348,990
Mil. L. Sh. & West,
314,463
Oregon Imp. Co..........
308,788
Total (representing
15 roads)............... $3,449,079
PRINCIPAL CHANGES IN GROSS EARNINGS FOB 11 M O N T H S ,
-.i, ,
„ ___
D ecreases.
Pittsb. & West. (3 r’ds)............................................................
$316 07°
PRINCIPAL CHANGES IN N E T EARNINGS FOB 12 M O N TH S.
Increases.
South. Pacuu5.o>r-.’aa)
P h il.* B. and C.&I.Co.
Chic. Milw. & St. Paul.
Can. P a c ific .............
At. and SanFr.(4ro’ds)
Union Pacific (9 roads)
N. Y. Cent. & Hud. B .
St. Louis Southwest..
Chic. Burl. & Quincy..
Lehigh Valley.............
Chic. & Northwest___
Chea. & O hio...............
N. Y, L. E. & West___
Burl. Ced. Bap. & Nor.
Chicago & A lto n .........
Illinois Central..........
Balt. & Ohio (2 roads).
Minn. St. P. & S. S. M.
Nashv. C. & St. L ........
Penn.(West of P.& E.)
Mexican National---Chic. St. P. & Kan. C..
Mich. Central.............
Bio Grande Western..
„
.
In crea ses.
.----------Gross.----------,
~
i, ,
1891.
1890.
New England (Cont.)— 3
$
^ tch b u re
............. 7,122,683
7,038,978
England... 6,229,030 6,029,127
N -V . N. Hav. & Hart. 11,593,048 11,097,891
8,182,673
Old Colony.................. 8,372,493
Prov. & W orcester.... 1,473,235
1 ,512,319
In presenting our detailed statement now, we will
only add that out of the whole 219 roads 161 show an
increase in gross and 137 an increase in net.
DETAILED STATEMENT FOB CALENDAB YEAB,
Gross.-------- .
N et.New England—
1891.
$
1890.
$
Banger & Piscataquis
183,896
105,686
Bennington & Eutl’d.
248,700
241,685
Boston & Albany....... 9,432,553 9,114,101
Boston & . Maine........ 15,748,226 15,725,714
Bos. Rev. B’h. ALynn
325,836
305,598
Cent. N.Eng. & West.
643,737
561,751
Connecticut River.... 1,114,826 1,129,414
1891,
$ ,
65,428
def.224
2,365,252
5,737,201
98,973
180,327
288,651
1890.
63, .-81
58,583
3,472,057
5,643,085
91,860
152,151
273,030
Inc. or Dec.
+3,047
-58,810
1,106.805
-1-94,116
+7,113
+28,176
+15,621
1891.
2,063,321
1,915,683
8,617,639
2,101,545
472,628
— N et.—
1890.
Inc. or Dec ,
$
2.106.491
2.008,717
3,504,999
2,023,062
530,010
—43,170
•~98;035
+ 112,640
+ 58,488
—03,382
Total (12roads)... 62.488,863
_
, j
1891.
Trunk Dines—
*
B a ltA O. East Oh. R lv 19,194,854
W est. Ohio R iver. 5,734,768
Balt. & Ohio S. W . . 2,500,594
Ohio & Mississippi.. 4,217,287
Grand Trunk o f Can.. 19,617,765
N- Y. Cent. & Hud. R* 44.264,061
Lake Sh.& Mioh. So 21,433,386
Mich. C. and Can. So 15,005,000
V. Chic. & St. L . . 6.171,088
C. C. & St. L ... 13,573,201
, T PooriaA Eastern . 1,721,377
N. Y. L E. & W est.. .. 30,685,033
Pennsylvania—
East o f PUtsb. & B.. 07,426,841
„ W e s t o f Pittsb. & E. 44,260,246
W abash........................ 13,954,201
61,104,937 18.906,423 19,932,429 — 1.02 0.0 06
1890.
1891.
1890. In c. or Dee.
$
t
$
*
18.657,634
6,457,241
6,130,190
+ 321,061
5,661,895
979,884 ~ 930,879
+ 48,985
2,329,445
934,931
809,401
+ 125,530
4.139,958
1,210.834
1,136,184
+ 81,650
20,066,610
5,339,010
5,600,530
-2 6 1 ,5 2 0
40.204,882 14,957.935 13,680,459 +1,427,476
20,835,760
7,311.889
7,141,179
+170,710
14,490,712
4,067,000
3,758,958
+308,042
5,820,305
1,259,880
1,275,040
—15,166
13,161,025
4,320,462
4,281,675
+ 38,787
1,502,285
392,803
373,549
+ 19,254
29,201,700
9,991,328
9,495,401
+ 495,927
66,202,280 21,479,396
21,221,705 +257,691
45,283,891 14,683,505
14,350,014 +833,491
13,064,554
3,649,169
3,409,183 +239,986
Total (15 roads).. .309,758,362 300.632,866 97,041,247
93,449,353 +3,691,894
Reporting fo r 11 mos.—
£ h!°V *
Trunk...... 3,434,085 3,506,205
783,050
835,905
—62,865
Det. Gr. Hav. & M il.. 1,125,335
1,063,980
294.730
+ 36,305
258,365
T o ta l(17 roa d s)...314,317,782
. „
1891.
Anthracite Coal—
$
Oentralof New Jersey 14,201,767
Delaware & H udson.. 8,834,151
Albany & Susqu’na 3,412,901
Y. & Canada.......
947,469
Renss. & Saratoga.. 2,549,028
Pennsylv’a D iv........ 3,305,654
Del. L ack.* W est.— )
N.Y. L ack.* W est. > 41,849,754
Syr. Bing. & N. Y ..)
Lehigh Valley............. 17,602,734
N. Y. Ontario & W est. 3,056,787
N. Y . Sus. & Western. 1,656,523
Philadel. & R eading.. 22,049,212
Coal & Iron Co........ 21,489,780
Summit Branch.......... 1,289,820
943,479
Lykens Valley........
305,203,051 98,119,037 94,543,023 +3,575,404
1890.
1891.
1890. In c. or Dec.
*
$
$
13,603,726
6,091,817
5.907,020
+184,791
8.510,117
2,058,246
2,085,778
—27,532
3,423,639
1,230,382
1,346.818
—116,934
1,189.800
174,809
354.086
—179.257
2,730,192
886.730
1.017,820
—131,090
3,327,101
1,247,200
1,275,692
—28,432
40,688,646
7,833,689
7,948,767
-115,078
15,830,518
4,464,552
3,799,431
2,461.502
743,224
556,114
1,592 083
748,790
701,115
20,965 056 10,199,616
9,027,055
19,161 550
545,122 def.112,803
1.123 750
61,850 def.19,568
955,567 def. 41,671
10,003
Total (16 roads).. .143,248,059 135,623,858 36,244,416 33,896.812 + 2,347,604
m
1891.
1890.
1891.
1890.
Inc. or Dec.
Middle States—
$
$
%
Addison & Pennsyl..
90,978
99.213
+ 11;755
1 4 ,lá 9
26,604
Adirondack................
167.542
173,305
—11,400'
46,276
57,676
Allegheny Valley....... 2,548,794
2,592,100
1,026,853
1,124,651
—97.798
Beech Creek............... 1,202.089
1,026,719
611.651
+ 262,402
349,249
Brad. Eldred. & Cuba.
32,732
42,008
—8,536
6,778
def.758
Buff. Roch. & P ittsb .. 2,809,364
2,202,136
910,596
675,089
+ 235,507
Camden & A tlantic...
800,970
799,491
151,718
+ 21,013
130,705
Chatauqua Lake........
43,435
33,015
+ 5,1 23
5,881
Corn’g Cowan & A nt.. 795,413
699,700
259,128
+ 109,858
149,268
Cumberland Valley...
863,298
919,523
—62,542
189,108
251,650
Dun. All. V. & Pittsb.
274,262
249,327
+ 15,179
78,886
08,687
Elmira Cort. & North. 442,254
470,381
120,233
—9,443
129,676
Fonda Johnst. & G .... 220,892
234,838
+ 2,4 85
95,880
93,395
Hunting. & Br. T o p ..
830,386
721,879
+ 20,567
384,726
858.159
Kings County Elev ...
851,058
761,758
+ 93,040
278,255
185,215
Lake Champ. & M ....
123,278
117,332
+ 3,2 43
23.173
19,933
Lehigh & Hud. River.
406,038
860,717
+ 36,245
178,986
143,741
3,940,023
Long Island................ 4,108,026
—26,804
1.483,001
1,456,197
Manhattan Elevated.. 10,258,501 9,591,567
+ 261,474
5,034,913
4,773,439
N. Y. & Northern.......
509,661
511,729
—4,048
90,369
95,012
N. Y. Phila. & Norfolk
788,430
803,197
-9 ,8 0 6
155,739
165,545
N. Y. & Rock. Beach..
234,334
229,981
—12,827
43,788
50,615
Northern Central....... 6,820,569
6,608,797
+ 216,309
1,903,347
1,687,038
Ohio River..................
700,957
e80,972
—20,307
315,013
294,706
Penn. & Northwest’n.
800,332
809,043
+ 2,955
253,343
250,388
Pittsb. & Lake Erie... 3,757,207 4,010,587
+ 3 ,5 4 0
988,818
985.278
Pittsb. Marlon & Chic.
44,652
37,617
+ 4,7 04
8,563
3,859
Pitts. Shen. & L. Erie. 337,440
262,295
+ 19.130
122,877
103,747
Staten Isl. Rap. T r.... 1,035,601
1,005,196
-1 5 3
336,008
330,161
Stony Cl. & Cats. Mt..
54,399
53,304
+ 3,6 40
19,539
23,179
Syr. Geneva & Corn’g. 774,802
634,538
+128,956
232,690
103,734
+ 69,682
Tioga............................
342.323
287.775
173,159
103,477
Ulster & Delaware....
386,788
369,754
-4 ,0 8 6
137,140
141,226
Wallkill Valley...........
154,533
147,581
+.41,311
57,986
16,675
W est Jersey................ 1,467,059 1,433,104
-3 2 ,4 1 5
416,863
449.278
B ranches..................
191,031
200,641
—18,301
42,541
21,240
W . Va. Cent. & Pittsb. 1,106,812
981,195
+ 50;257
325.639
375,896
West. N. Y. & P enn ... 8,643,320 3,588,802 1,113,464
—53,489
1,160,903
Wllkesbarre& W est..
22,685
19,245
-2 ,1 4 0
1,450
8,590
Total (39roads)... 50,114,245 47,710,510 17,631,415 j 16,380,680 + 1,2 50,7 35
Reporting fo r 11 mos.—
1,355,320
1,357,694
337,818
640,584
—202,766
452,184
450,407
32,740
98,869
—66,129
284,798
269,184
8,811
65,988
—47,177
A Western..
$2,054,221 Mexican Central........
$270 276 Pittsburg
Clev. & T o l..
1,830,489 Norfolk & Western.. . .
268243 Pittsb.
Pittsb. Painev. & F..
1,624,866 Beech Creek................
262 402
1,559,194 Manhattan Elevated..
Total (42 roads)...
261*474
1,524,990 Penn. (East of P. &E.)
----257,691
1,474,471 Louisv. N. Or. k. Tex
256,361
Middle Western—
1,427,476 East Tenn. Va. & Ga.!
251,400 Chicago & A lton........
1,095,706 Wabash.............
Chic. & East Illinois .
239,986
931,925 Buffalo Boch. & Pitts!
|
H
Chic. & W est M ich....
235,507
665,121 Northern Central.......
216 309 Q n. J a c k .* M a c k ....
n . Portsm. & V a ....
578,333 Louisville & Nashville
215,421 aCin.
& Mich..
516,426 Minn. & St. L ou is.......
209,930 Clev.Wabash
Akron & Col......
495,927
Clev.Lorain
& W heel.
456,548
Total (representing
Cleveland & Marietta.
448,380
54 roads)............... $22,682,463 Col. Hock. Val. & Tol.
3^7,870
Col. Shawnee & Hock.
Det. Bay City & A lp ..
370,038
D ecreases.
Lansing & N o....
357,170 Boston & Albany........ $1,106,805 Det.
Elgin Joliet & E a s t...
353,575 Denver & Bio Grande.
475 801 Evansv. & T. Haute .
333,491 Del.&Hud,Can.(5r’ds)
482*245 Flint & Pere Marq....
---------- Grand Trunk of Can..
328,821
261,520 Illinois Central...........
Ind. Decatur & W est.
324,333
Iron Railway..............
308.042
Total (representing
L
.E . All. & Southern.
285,050
8 roads).............
$2,326,371 Lake Erie & W estern
Peo. Dec. & E vansv..
PRINCIPAL CHANGES IN N E T EARNINGS FOB 1 1 M O N T H S .
Sav. Fla. & West.6*.8* ?!. .$529,548 |
[Y ol . LIY,
Sag. Tuscola & Hur ..
TVHaute & Indianap.t
Tol. Col. & Cincinnati
Tol. & Ohio Central..
Tol. Peoria & W estern
Tol. * South H a ven ..
52,200,547 49,793,795 18,010,784 17,076,121
+934,663:
1891.
1890.
1891.
1890. Inc. or D ee.
$
$
+-448,379
7,590,881
7,005,763
3,132,131
2,683,752
—94,797
3,633,165 3,297,588
1,053,414
1,558,017
—38,010
1,757,553
1,006,410
525,753
563,793
728,981
680,300
+ 28,679
158,140
186,819
246,650
227,813
+ 10,708
19,124
29,832
+ 46,098
745.340
603,170
248,012
202,514
+15,750
940,663
859,059
248,785
233,035
1,332,534
1,209,655
+ 2,6 53
347,926
850,578
346,010
334,835
+ 9,9 92
79.036
89,028
+ 119,899
3,280,828 3,078,900
1,401.608
1,521,567
+ 99,960
020,799
315,071
112,091
212,051
-8 4 ,1 1 5
423,461
520,416
238,882
154,707
-1 7 ,3 5 3
1,264,100 1,219,604
392,799
375,446
728,685
591,482
+ 71,569
205,834
194,235
-+80,138
1,213,375
1,078,608
544,001
624,139
2,895,514
2.933,574
—21,893
881,796
859,903
18,730,905 16,910.137
+ 397,870
4,779,360
5,177,230
480,294
464,086
—23,158
104,075
127,233
+ 2 ,7 9 8
34,590
37,116
6,563
8,361
+ 2,8 79
11,762
75,087
68,008
14,141
+ 172,240
3,273.355
3,074,439
1,447,897
1,275,657
+ 107 ,2 5 »
321,967
800,192
792,454
429,226
—6,698
106,782
102,587
27,115
20,517
—17,445
3,688,117 3,639,734
1,117,988
1,135,433
—13,368
128.839
340,101
312,060
115,271
1,602,104
1,499,264
—30,998
555.840
524,848
982,624
937,224
+ 31,849
243,250
275,099
—72
27,038
26,641
7,595
7,667
Total (28 roads).. 57.857,018 53,482,054 19,626,110
Reporting for 11 mos,—
Cleveland & Canton..
662,720
526,903
231,052
Ohio Southern.............
528,032
496,884
269,512
St. L. A lt o n * T. H ... 1,298,935
1,211,484
557,250
W heel. & Lake E rie.. 1,184,976
1,067,908
415,113
18,325,727
+ 1,3 00,3 83
187,966
247,009
515,023
432,977
+ 43,086
+22,443+ 42,227
—17,864
Total (32 roads)... 61,532,879 56,781,733 21,099,037 19,708,762 +1,390,275
1891.
1890.
1891.
1890. Inc. or Dec.
$
$
$
$
3,880,340
3,303,982 1,272,696
816+48
+456,548
2,224,203 2,115,442
923,683
876,855
+46,828
35,352,375
35,130,583 13,409,995 12,478,070
+931,926
29,860,838
26,810,830 10,566,725
8,941,859 +1,624,866
29,895,791
28,170,023 10,273,150
9,699,823
+573,33R
4,785,470
4,370,624 1,328,842
+324,33»
1,004,509
Northwestern—
Burl. Oed. Rap. & N o.
Chic. Burl. & North’n
Chic. Burl & Quincy.
C h ic.M il.& St, P aul..
Chic. & Northwest’n ..
Chic. St. P. & Kan. C..
TH E
F e b r u a r y 3 7 , 1 8 9 3 ,J
-Gross.
1890.
1891.
%
Northwestern, ( Gont.'ji- — $
88,726
111,236
Des Moines & Kan. C.
1,114,678
Duluth & Iron Range. 1,154,129
Dul. 8. 8. & Atlantic.. 2, 160,118 2,241,097
169,830
171,128
H um eston & S heu....
1,688,076
Iowa Central.............. 1,801,529
371,674
414,274
Keokuk & W estern..
3,848,537
MU. Ii, S. & W estern. 3,534,104
1,590,363
Milwaukee & N orth.. 1,746,030
1,510,844
Minn, & St. L o u is . . .. 1,822,846
2,013,370
Minn. St. P. & S. S. M. 2,585,821
254,627
262,623
Quihey Omaha A K. 0.
St. Paul & D uluth ... 1,839,762 1,494,225
312.091
446,328
S iou x City A North’n
5,259,659
W isconsin Cent, lines 5,228,222
1891.
$
32,698
503,668
827,826
30,723
539,459
160,658
1,316,457
671.900
693,451
1,026,174
85,673
694,351
193,144
1,944,802
CHRONICLE.
— N et.—
Inc. or Dec.
1890.
S
$
+14,926
17,772
+56,305
447,363
+9,433
818,393
+2,192
28,531
+32,705
506,754
+18,906
141,752
-116.181
1,432,638
+95,997
578,903
+209,930
483,521
+357,170
689,004
+8,071
79,802
+181,653
512,698
+57,470
135.674
-1-2,823
1,941,979
41,611,848 i +4,837,233
Total (20 roa d s)...128.775,174 121,859,317 46,499,081
Reporting fo r 11 mos.
- 2,111
73,387
71,276
189,745
201,709
D es Moines A Northw.
+4,885,122
41,685,235
46,570,357
Total (21 roads). .128,964,919 122,031,023
1890. Jnc. or Dec
1891.
1890.
1891.
$
$ '
Southwestern—
$
4 6,995
33,853
40,848
80,413
Arkansas Midland....
9o,256
9,483,924 +1,406,390
10,870,314
31,562,411
A tch. Top. & Santa F e 33,4a6,459
—14,530
108,093
93,583
1.679.591
«.rM
'JW
o
1,701,778
Roads
r tEly-----------/.
owned.>6
+155,220
2,882,127
3,037,347
6,603,272
8t. L. & San F ran.. 6,981,614
—22,090
144,798
122.708
1.644.592
.Roads j ’tly own..^é 1,716,280
—101,427
635,703
534,276
1897,128
Colorado M idland.... 2,05 ',188
-475,801
3,674,164
3,198,363
Denver & Kio Grande 8,484,407 8,875,785
+72,967
545,746
618.U3
4,053,649
Int. & Gt. Northern.. 4.093,634
+53,974
1,375,284
1.429,258
4,822,426
Kan. C. Ft. S. & Mem. 4,812,773
—122,543
201.857
79,314
441,195
309,512
Kan. City Clin. & Sp.
—9.445
67,790
58,345
175,702
132.335
Current R iver..........
458,528 def.639,180 +1,095,706
4,169,126
St. Louts & Southw... 4,514, :20
54,547
—46
54.501
105,*74
125,552
S ilverten.....................
20,594.078
18,548,706
+2,045,370
T o ta l(13 roads'1.. . 68,580,991 68,103,964
Reporting fo r 11 m os.—
6,502,636 6,545,403
—42,767
M o. Pac. & Iron Mt... 525,855,070 25,443,413
27,096,712
25,094,109
+2,002,603
91,547,377
Total (14 roads)... 94,416,061
1891.
1890, Jnc. or Dec
1890.
1891.
$
$
Pacific Goa t—
6.450,466 +1,559,194
8,009,660
■Canadian Pacific........ 20,241,096 17,032,316
6,217
+5,929
11,146
22,228
24,164
Colusa A Lake...........
+856
def.3,789
36,839 def.2,933
34,464
Nevada Central.........
10,165,269
+125,778
N orthern Pacific........ 24,955,464 24,102,751 10,291,047
+60,102
758î453
818,555
4,518,216
Oregon Improvement 4.209,428
83,239
-19,863
62,403
134.595
139,443
Pres. A Ariz. Central.
690,154. , +285,050
975,204
1,983,097
' R io Grande W est...... 2,592,512
+76,940
250,787
327,727
799,390
874,421San Fran. & No. P a c ..
12,881,897, +2,318,670
South. Pac.—Pac. syst 37,009,518 34,865,262 15,200,567
917,946 : +329,123
Gal. H . & .S. A ........ 4,517.589 4,285,678 , 1,247.339
—128;279
586,094
457,815
1,160,331
Louisiana W estern. 1,081,676
1,916,440
—377865
1,538,605
6,800,831
Morgan^ La. A Tex. 5,782,831
12,550+58,917
69,467
225,629
241,679
N. Y. Tex. & M ex...
—144,675
879,74?
735.072
1,871,817
Texas & N. Orleans. 1,674,509
Union Pacific—
2,522,300
4478,005
3,000.305
7,488,031
Or. S. L. & U. N ...... 7,574,457
1,018,686
+838,098
1,856,784
4,954,711
Oregon Ry. & N a v.. 6,673,172
—313;560
1,776,052
5,783,136 1,462,492
U. P. Denv. & Gulf. 5,746,964
—102;693
355,454
252,761
1,253,592
983,663
St. Jqs. A Gr. Island
+425;555
8,032,794
8,458,349
A ll other lin es........ 22,721,332 23,569.778
198,843
+47,230
246.073
974,472
894,160
Cent. Br. Uni P a c...
+96,268
60.868,
157,126
958,964
754,930
Montana Union . . ..
+9,886
def.53,035
def.43,149
30,993
30,184
Leav,,Top. AS. W ...
—4,308
39,006 def.15,850 def.11,542
40,871
Man. A l. & Bur........
353
and speculation is stagnant,while, owing to the badness of trade,
the return of coin and notes from the circulation is completely
compensating for the revenue payments. The supply in th,e
open market, therefore, continues exceedingly large and the
rate o f discount is barely 2 per cent. A t the fortnightly set
tlement on the Stock Exchange, which began on Wednesday
morning, Stock Exchange borrowers were able to obtain all
the accommodation they wanted in the morning at from 2J£
to 8 per cent, and in the afternoon no more than 2J^ per cent
could be obtained. This shows how paralyzed for the moment
peculation is here. Within the Exchange carrying-over
rates were very light. In some cases there was a scarcity o f ,
stock, and even in the American market rates ranged only,
from 3 to
Per cent*
The price of silver fell on Tuesday to 41^d. per oz.,
per
5. lower than any quotation before the present year, and
16d. per oz. less than the lowest previous quotation even o f
this year. On the other hand it is to be noted that the de
mand for money is rapidly increasing in India. On Wednes
day the applications for India Couneil bills were nearly eight
times larger than the amount offered for tender, and the /
Council was able to sell on special terms a considerable
amount.
Still, the silver market is very depressed and
gloomy, as the danger of gold exports from the United States
seems to imply a distrust of the currency situation there.
The feeling in the city has been somewhat better this week
than last, as every one has now come to recognise that there
is no ground for the alarmist rumors that have recently been cir
culated; but at the same time there is much apprehension. Es
pecially the fall in silver and in cotton has aroused fears of
serious failures in Lancashire. It was reported, indeed, that
at the settlement for cotton in Liverpool on Thursday there
would be several failures. Happily the report has proved in
correct, but there can be no doubt that the losses have been
great and that many operators have had to get assistance from»
their friends. All through the weeK Lancashire operators have
been large sellers of American railroad securities, and at times
they have forced down the market in spite of the Reading
+5,622,678 combination. The general opinion amongst those in the best
49,493,920
65,116,598
142,194,713
Total (23 roads).. .147,778,507
1890. Inc. or Dec
1891.
1890.
position to judge, however, is that the sales are now nearly at
1891.
$
$
Southern Roads—
+28.740 an
27,663
132.123
end, and that it is only a question of days
156,225
53*403
Atian. & No. Carol’na.
—15,477
27,587
12,110
78,238
50,191
Birmingham & A tl....
+23,386 until we shall see a recovery.
51,422
74,808
Owing to the fears
189,846
211,879
Bir. Sheff. & T. R ........
—21,669
234,676
212.907
555,209
583,357
Cape Fear & Yad. Yal.
+24,320 respecting
178,187
Lancashire, the alarmist rumors recently
202,507
682,740
719,378
Charleston & Savan .
+6,579
33,042
38,621
110,300
103.596
Cheraw & Darlington
+516,426 circulated, and the condition of the Continental Bourses, the
1,766,776
2,283,202
7,719,614
8,817,470
Chesapeake & Ohio
—148,904
1,435,332
1,286,428
4,447,857
— K. O.
_ . & Tex. Pac. 4,338,202
Cln.
—34,165 general public has quite lost courage. It has been selling lon g .
564,242.
53n,077
Ala. Great Southern 1,922,610 1.965.963
—16,932
315,237
298,305
1,240,638
NewX)r. & Northeast 1,219,692
—H.296 stock for months, and as yet it shows no inclination to buy.
170,425
156,129
685,305
686,824
Ala. & Vicksburg...
+90,097
100,903
191,000
625,377
661,219
Yioks. Shrev. A Pac.
Even the arrangement of all the coal difficulties has given no
-3.656
10,922
7,266
125,610
131,534
E. & W. Alabam a.......
+251,400
2,259.188
2,510,588
7,913,191
E. Tenn. Va. A G a .*.. 7,564,201
—108,972 life to our market. It is true that for the past day or two
313.045
204.073
816,330
775,787
Eliz. L ex. & B. Sandy.
+185,247
257,946
443,193
1,212,437
Florida Central & Pen 1,497,306.
-131,211 leading operators in London have been eager buyers of Read
627,433
498,222
1,818,199
Georgia......................... 1,795,856
+12,141 ing and Erie securities, but the buying has been confined to
245,394
257,535
733,698
Georgia So. & Eia . . . .
760,880
-1,172
7,002
5,830
44,190
43,271
G u lf A Chicago...........
+199,172 a few professional operators. Colonial Government stocks
131,990
331,162
609,772
Jacksonv. T. & K. W ..
763,944
—140,151
353,148
212,997
1,218,837
Kan. City Mem. & Bir. 1,209,100
+215,421 have fallen during the week from
7,165,561
7.380,962
to %/4' th® heaviest
Louisville & Nashville 20,247,527 19,161,223
+256,361
834,198
1,090,559
3,236,625
Louis, Ni Ò. A Texas. 3,907,444
+44,422 fall being in Australasian stocks, where the banking crisis
168,937
213,359
399,307
Louisv. St. L. A T e x ..
486,108
—67,735
602,023
434,288
1.849,391
Memph.A Charleston. 1,622,715
+8,032 still continues. This week, for example, it is reported that
13,143
21.175
33,029
Milien A Southern—
44.981
+13,053
1,184,948
1,198,001
3,441,944
Mobile A Ohio............ 3,506,233
'+353,575 there has been another run upon the savings hanks through
1,524,175
1,877,750
3,784,635
Nash. Chat. A 8t. L ... 4,739,442
-9,373
17,432
8.059
159,190
N ew Orleans A South.
173,41d
+268,243 out New South Wales. There is an almost universal unwill
2,910,032
3.178,275
N orfolk A W estera... 9,188,042 8,577,114
+15,847
203.135
218.982
530,616
Petersburg..................
619,648
ingness to lend more to the Colonies, and therefore serious ;
-4,581
289,353
284,772
735,083
Rich.Frea.APotom ac
744,707
-42,702
108,468
65,766
332,798
Rlchm . A Petersburg.
328.340
—1,360 doubts are entertained whether the governments will be able to
1,498
138
8,220
Sandersv. A Tennille.
8.862
+12,568
181,249
193,817
400,629
Sav. Am. A M ont......
501.498
—56,538 pay their way, or whether they may not find themselves ill,
606.293
549,755
1.555.964
South Carolina........... 1,665,891
-8,760
65,044
56,284
218,281
Tennessee Midland...
210,146
+4,644 great straits. British railway stocks have also given way;
30,182
34,826
somewhat, and the inter-Bourse market has been greatly de»
Total (38 roads)... 81,992,319 77,443,591 26,618,151 24,917,131 +1,701,020
pressed. Owing to the universal distrust that prevails, Greece
Reporting fo r 11 mos.—
-5,584
713,185
707,601
1,951,752
Chea. Ohio A South w. 2,136,235
+529,548 is no longer able to borrow, and as all its financial arrangements
484,637
1,014,185
2,679,429
■Sav. Florida A W est’n 2,978,171
have been made for years past on the supposition that it
Total (40 roa d s)... 87,101,925 82.074,772 28,339,937 26,114,953 +2,224,984
Inc. or Dec. would be able to raise abroad the money it might require, it
1890.
1891.
1890.
1891.
$
$
$
$
$
Mexican Roads—
+270,276 is just now believed to be somewhat embarrassed. Greek
2,424,525
2,694,801
6,425,695
M exican Central........ 7,374,538
+328,821
827,005
3,754,966 1,155,826
M exican N ational.... 4,206,423
bonds in consequence have been falling for a considerable
+599,097
3,251,630
3,850,627
Total (2 roa d s).... 11,580,961 10,180,661
time, and during thé past week the drop in different securi
ties has ranged from four to ten per cent. The Greek commu
(2W °foads)..... ?fl062,155,2971016,342,471 342,128,144 319,808,136 +22,320,008
1 3 roads (11 m o s .).... 41,481,206 40,226,452 11,225,774 10,989,358
+236,416 nity in London is wealthy and very enterprising, and accord
Grand total (219 r’ds)1103,636,5031056,568,923 353,353,918 330.797.494 +22.556.424
ing to general belief it speculates largely in international SO'?;
* Includes Rome W atertown A Ogdensburg for the 12 months In both years.
curities of all kinds and also in American railroad securities. It
+ Including St. Louis Vandalia A Terre Haute.
, , ... .
i Knoxville A Ohio included fu ll year, and Louisville Southern and Mobile A is surmised that the London.Greeks may lose courage, and that
Birmingham from July 1 t o December 3 l in both years.
I Gross for 12 months, net for l l months.
_______ _
they may sell their holdings, and so bring about a further fall.
A delegate of the Austro-Hungarian Government has visited
London and Paris to consult with the leading financial au
thorities as to the practicability of raising the large loan re
[From our own correspondent.]
quired for the resumption of specie payments. He had inter
L o n d o n , Saturday, February 13, 1892.
The money market continues very quiet. Gold withdrawals views with the Chancellor of the Exchequer, the Governor of
have ceased ; it is expected that a considerable supply of the the Bank o f England and Lord Rothschild. The latter, it is
metal will be received from New Y o r k ; trade is falling off said, advised him strongly not to look to London for sub-
ippjcractargCom m erciai ite g li six Ip w s
354
THE
CHKONICLE.
[Y ol . LIY,
scriptions; and as matters stand at present it seems clear that
an Austrian loan could not be raised here. Apart altogether
from the distrust that exists, there is a very natural unwilling
ness to assist in an operation which would lead to the with
drawal of from 20 to 30 millions sterling of gold in the
course of three or four years. It is evident that France
will be even less inclined, for in addition to her financial em
barrassments we have to take into account the fact that Aus
tria-Hungary is a member of the Triple Alliance and there
fore a possible enemy o f France. Whether Germany would
be inclined to subscribe largely is very doubtful. Germany has
difficulties of her own, and both the Imperial Government and
the Government of Prussia have just raised considerable loans,
which must have absorbed all the money available for invest
The following shows the imports of cereal produce into the
United Kingdom during the first twenty-three weeks o f the
season compared with previous seasons:
ment. The loans are reported to have been covered about
three times, but it is believed that the subscriptions were
chiefly sent in by banks and great financial establishments
which are more or less under the influence of the Govern
ment.
The trade outlook in this country at present is far from
cheerful. The great fall in silver and cotton, as already stated,
has inflicted much loss upon Lancashire. The fall in wheat
during the past few months has likewise resulted in losses
both to farmers and to merchants. The iron trade is by no
means active, and there is a general expectation that we shall
soon see a considerable fall in coal. Attempts are being made
everywhere to lower wages, and the working classes of course
are preparing to resist. Just at the moment there is a strike
in London of the coal porters, throwing about 10,000 men out
of employment. The dispute, however, did not arise out o f a
question of wages ; it is rather an attempt on the part of the
employers to break down the influence of the trades unions.
To-day’s papers report that the matter is settled, the masters
evidently giving way.
The rates for money have been as follow s:
Total.................... 58,470,789 51,863,952 57,450,266 52,903,477
.
,
' ,
1891-92.
1890-91.
1889-90.
1888-89.
aver, price wheat week.33s. Id.
32s. 5d.
29s. 9d.
29s. 7d.
Average price, season..36s. 6d.
32s. 3d.
30s. Od.
32s. Od.
Interest allowed
fo r deposits bv
Open Market Rates.
Bank Bills.
Trade Bills.
B isc’t H st
Joint
Three Four
Six
Three Four
Six
Stock A t 7 to U
Months Months Months Months Months Months Banks. Call. Days.
Jan. 8 3% 2 @ — M é® - 2H® - 2%@3 2%@8 2%@3%
2
134 m - m
** 15 3% 1 @ — 2%® - 2H® - 2%@8 2&@3 2%@3k
2
m 1H-1H
“ 22 3 m a s - 1%® - 2%® — 2%@3 2%@3 2%@8
1%
134
“ 20 3 m ® - 2%® - 2H® - s%@3 2%@3 2H®3H
1«
l% l }t -I K
Fab. 5 a 2 © — 2%@ - 2%@ - 2%@3 294@3 2M®31
4
1%
1M 1%-1%
12 3
- 2%© - 2%@ - 2%@3 2%@8 294@3M
1%
1%
London
«5
g
«
IMPORTS.
„
,
. 1891-92.
1890-91.
1889-90.
1888-89.
P "® 8*................. CWt. 35,141,715 26,102,650 25,489,018 29,201,525
Barley........ ............... 11,689,758 11,395,773
8,768,551 10,527,622
Oats.............................. 6,972,663
6,037,800 6,324,872 8,141 551
o®as............................ 1,594,407
690,971
852,376
993.539
Beans.......................... 1,767,257
1,578,596 1,580,927 1,342 939
Indian corn................ 10,297,284 12,286,373 13,263,083 11,127,342
Plour.......................... 8,011,728
6,765,205
7,775,473
6,938,493
Supplies available for consumption (exclusive o f stocks on
September 1):
r
.
.
1891-92.
1890-91.
1889-90.
1888-89.
Importsofwheat.cwt.35,141,715 26,102,650 25,489,018 29.201 525
Imports Of flour........ 8,011,728
6,765,205
7,773,473
6,938,493
sales of home-grown.15,317,316 18,996,097 24,185,775 16,763,459
The following shows the quantities o f wheat, flour and
maize afloat to the United Kingdom :
This week.
1891.
1,715,500
363,000
305,000
Last week.
Siaeat.................... qrs.2,894,000
Flour, equal to
qrs. 498,000
Maiae..................... qrs. 425,000
2,387,000
490,000
445,000
1890.
1,885,500
259,000
550,000
E nslish F in a n cia l M arkets—P er Cable.
The daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending Feb. 26:
London.
Sat.
Silver, per oz................ d
Consols,new, 2% per ots.
do for account........
Fr’oh rentes (inParis)fr.
U. 8. 4s of 1907.............
Canadian Pacific............
Chic. Mil. & St. Paul___
Illinois Central...............
Lake Shore.....................
Louisville & Nashville..
Mexican Central 4s.......
N. Y. Central & Hudson.
N. Y. Lake Erie & West’n
do
2d cons...........
Norfolk & Western, pref.
Northern Pacific pref...
Pennsylvania..................
Philadelphia & Reading.
Onion Pacific..................
Wabash pref..................
Mon.
Tues.
411116 4130
95li*i6 95 %
95i3,fr 951^6
95*72% 96*02%
121
121
91%
91%
7988
80%
10834 108%
1261a 126%
76%
76%
72%
72%
11714 117%
33%
331«
109% 109%
51
51
69%
691a
56%
56%
30%
2978
48%
48%
31%
31%
Wed.
41%
419;8
951616 96
96
96%«
9607% 96*17%
121
121
91%
92
79%
80%
HH% 107%
126
126
76%
76%
72%
72%
117
117
33%
33
109% 109%
50%
50%
69%
69%
56%
56%
30
29%
47%
47%
30%
30%
Thurs.
F ri.
419ie
96%e
96%
96*07%
121
92%
79%
107%
125%
75«8
72%
116%
32%
109%
50%
68%
56%
29%
47%
30
41%«
963ie
t o m m s t x i a l a tid
9610
121
92
79%
107%
125%
75%
72%
116%
32%
109%
50%
68%
56%
29%
47%
30
rs
Imports and Exports for the W eek .—The following are
the imports at New York for the week ending (for dry goods)
Feb. 18 and for the week ending (for general merchandise)
chief Continental cities now and for the previous three weeks Feb. 19 ; also totals since the beginning of the first w eek in
have been as follows:
January.
Rates o f
Interest at
Feb. 12.
FOREIGN IMPORTS AT NEW YORK.
Feb. 6.
Bank
Open Bank
B a te. Market R ate.
P aris..................
B erlin................
H am burg.........
Frankfort.......
Am sterdam __
Brussels .......
V ienna..............
St. Petersburg.
M adrid............
Copenhagen__
3
3
3
3
3
3
4
5«
5
4
2%
m
m
m
39i
5
5
4
3
3
3
3
3
3
4
5»
5
4
Jan. 20.
Jan. 22.
Open Bank
Open
Market R ate. Market
234
m
va
2%
m
634
5
4
3
3
3
3
3
3
4 .
5^
5
4
Bank
Open
R a te. Market
2%
134
194
1a
294
2%
3%
6
3
3
3
3
8
8
4
5K
1%
294
294
3?4
034
4
5
5
2M
1§4
The following return shows the position of the Bank of
England, the Bank rate o f discount, the price o f consols, & c,,
compared with the last three y ea rs:
1892.
1891.
1890.
1889.
Feb. 10.
Feb. 11.
Feb. 12.
Feb. 13.
£
£
£
£
24,031,145 24,054,270 23,469,425 23,160,295
Public deposits.. ....................
5,762,520
9,583,133
8,420,416
9,412,456
Other deposits .. . . ...............
27,996,113 29,201,155 23,878,567 23,298,066
Governm ent securities..........
10,227,063 11,451,206 13,862,609 14,499,861
27,103,535 29,697,054 20,942,646 21,707,001
15,676,101 16,061,465 14,780,300 14,758,529
23,857,246 23,665,735 22,019,725 21,718,824
P rop, assets to liabilities.per ct.
41 3-16
4494
46%
4494
Bank rate.......................... per ct.
3
3
6
3
95 9-16
97 3-16
97 5-16
99
Clearing-House retu rn s. . . .
118,145,000 124,858,000 128,208,000 127,699,000
1889.
For Week.
Dry Goods.......
Gen’l mer’dise.
B ar gold, fine___oz.
B ar gold, contain’g
20 dwts. silv er. .oz.
Span, doubloons, oz.
8. A ln.doubloons.oz.
Feb. 11.
s.
d.
77 11
79
Feb. 4.
SILVER.
London Standard.
F eb. 11. Feb. 4.
s. d.
d.
77 10% Bar silver........... oz. 4 i a
Bar silver, contain77 11H
ing 5 grs. g old ..oz. 41*4
Mexican dols...... oz. 40a
d.
41*4
42
40 5-16
$4,300,116
6,555,955
3 891.
1892.
$3,994,902
6,944,798
$3,173,722
7,419,691
Total..........
Since Jan. 1.
Dry Goods.......
Gen’l mer’dise.
$23,387,938 $27,043,049 $22,796,706 $21,328,931
43,731,934
43,859,120
47,955,517
51,881,534
Total 7 weeks..
$67,119,872
$8,951,764 $10,856,071 $10,939,700 $10,593,413
$70,902,169 $70,752,223 $73,210,465
The imports o f dry goods for one week later w ill be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive o f
specie) from the port of New York to foreign ports for the
week ending Feb. 23 and from January 1 to date :
EXPORTS FROM NEW YORK FOR THE W EEK.
1889.
For the w eek..
Prev. reported.
Total 7 weeks..
1890.
$6,003,660
40,407,785
$6,810,204
42,193,868
1891.
1892.
$4,943,103
38,281,467
$7,015,852
52,312,900
$46,411,445 $49,004,072 $43,224,570 $59,328,752
The following table shows the exports and imports o f specie
at the port of New York for the week ending February 20 and
since Jan. 1, 1892, and for the corresponding periods in 1891
and 1890:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Gold.
Exports.
Week.
The Quotations for bullion are reported as follow s:
t GOLD.
London Standard.
1890.
$3,365,276
5,586,488
Great Britain...........
France......... ............
Germany....................
West Indies...............
Mexico......................
South America..........
A ll other countries..
Im ports.
Since Jan. 1,
$35,062
$500,000
1,165,200
35,000
500.000
1,832,860
3,000
193.000
Total 1892.......... $1,700,200 $2,563,922
Total 1891..........
793,500
3,483,502
Total 18 9 0 .......... 1
572,180'
926.948
Week.
$432,750
6,219
4,500
29,769
Since Jan. 1
$28,225
1,706,002
96,500
48,024
8,489
116,083
15,482
$473,238 $2,018,755
23,286
814,624
16.230
1,059,423
THE
F ebruary 27,1892.]
Im p orts.
E xp orts.
S ilver.
Since J a n . 1.
Week.
G r e a t B r ita in ..............
F r a n c e ...........................
$ 2 2 3 ,8 0 0
3 0 ,0 1 5
$ 3 ,2 3 3 ,0 3 5
2 1 0 ,2 2 0
W est In & ies.................
7 7 ,6 2 2
1 3 4 ,2 3 9
S o u th A m e r i c a ..........
A ll o t h e r c o u n t r ie s ..
1 4 ,0 0 0
1 7 4 ,0 0 0
9 ,0 4 5
T o t a l 1 8 9 2 ............
T o t a l 1 8 9 1 ............
T o t a l 1 8 9 0 ............
$ 3 4 5 ,4 3 7
2 6 5 ,8 2 0
6 9 4 ,6 0 0
$ 3 ,8 1 0 ,5 3 9
2 ,4 0 4 ,2 1 3
4 ,0 0 2 ,2 6 9
W eek.
355 I
CHRONICLE.
S ince Jem. 1.
$ 7 3 ,5 0 0
$ 9 2 ,8 0 0
5 ,5 9 5
600
5 9 ,0 8 4
1 9 ,8 1 7
7 5 ,6 1 1
1 ,100
$ 7 9 ,6 9 5
5 ,2 8 9
1 7 ,9 4 0
$ 2 4 8 ,4 1 2
3 1 9 ,4 8 7
2 4 8 ,1 2 7
—The stockholders o f the Edison General Electric and
Thomson-Houston Electric companies are notified by their
committee to deposit their stock with the New York Guarani
ty & Indemnity Company of New York, or the Old Colony
Trust Company of Boston, on or before March 7 next. Both
companies will issue negotiable receipts therefor.
—The city of Providence new 30-year gold fours issued to
the amount of $1,000,000 are offered for sale by Messrs.
Spencer Trask & Co., of New York and Boston, as advertised
in to-day’s Chronicle.
—Messrs. Coffin & Stanton will pay the interest on quite a
list o f securities on the first of March. The details will be
found in our advertising columns.
—Messrs. Winslow, Lanier & Co. will pay dividends on a
large number of securities advertised in another column.
F oreign T rade of New Y ork —Monthly Statement.—In
addition to the foregoing tables, made up from weekly
returns, we give the following figures for the full months,
also issued by our New York Custom House. The first state
United States Sub-Treasury.—The following table show*
ment covers the total imports of merchandise.
the receipts and payments at the Sub-Treasury in this city, a®
IMPOSTS INTO NEW YORK.
well as the balances in the same, for each day of the week.
Month.
Drv
Goods.
General
Merchan
dise.
B a la n ces.
1890-1.
1891-2.
lotal.
Drv
Gfoods.
1
$
%
*
9,201,074 31,927,564 41,128,638 14,214,708
J u ly............
11,149,467
43,399,043
31,088,246
12,310,797
August..
Septem ber. 8,346,888 31,140,387 39,487,275 12,758,678
7,798,225 84,490,021 42,288,246 11,792,766
O ctober —
N ovem ber . 9,252,849 32,160,147 41,412,9!$ 7,837,469
D ecem ber.. 8,428,391 37,382,052 45,810,443 9,667,989
Jan u a ry.... 12,474,861 29,744,029 42,218,890 12,749,505
D ate.
General
Merchan
dise.
$
37,289,011
28.851,047
36,365,644
35,056,606
34,753,239
30,127,747
29.831,248
Toted.
t
51,503,719
40,000,514
49,124,322
46,849,372
42,590,708
39,795.7S 6
42,530,753
T otal.... 67.813,085 227,932,446 295,745,531 80,170.582 232,274,542 312.445,124
EXPORTS FROM NEW YORK.
J u ly ....................
S eptem ber........
O c to b e r.............
N ovem ber..........
D ecem b er.........
January..............
1891-2.
1880-1.
A t N ew York.
Month.
1
$
81,163,120 27,811,440
July.....................
August..............
37,949,406 29,739,636 September.........
37,366,764 32,059,531 O c to b e r............
36,541,697 26,508,035 N ovem ber.........
43,587,608 34,126,559 Decem ber..........
34,378 994 27,000,185 J an u a ry. . . . . . . .
T ota l............ 254,341,355 206,320,312
T otal............
20
22
23
24
25
26
T o ta l
P a y m en ts .
$
$
1891-2.
1890-1.
%
11,304,10!
10,461,012
9,962,117
9,337,374
8,503,066
9,314,136
11,963,590
$
17,173,523
12,978,344
15,769,700
16,091,811
10,154,869
10,704,283
10,794.058
70,845,998 99,687,144
Richmond N icholasville Irvine & B eattyville.—This road
has just been opened for operation to Irvine, K y., making the
completed mileage from Versailles 62 miles.
C oin .
2 ,3 7 7 ,1 2 6
2 ,6 1 9 ,6 0 4
4 ,0 4 0 ,0 3 8
3 ,0 2 4 ,6 2 0
3 ,6 6 8 ,5 7 1
3 ,9 4 4 ,9 0 1
3 ,4 4 8 ,8 0 4
2 ,8 3 5 ,4 8 2
2 ,8 7 5 ,7 6 0
3 ,6 4 4 ,0 9 2
$
1 1 4 ,3 8 1 ,5 9 7
.. H o lid a y ..
1 1 3 ,8 8 7 ,9 1 2
1 1 3 ,9 4 0 ,6 6 0
1 1 3 ,9 7 7 ,7 6 9
1 1 2 ,8 6 7 ,7 6 2
1 7 ,0 5 5 ,2 5 6
1 5 ,4 2 3 ,7 4 2
.....................
O oin Oert’ s.
C u rren cy•
$
8 ,6 5 2 ,3 9 6
$
1 8 ,0 4 0 ,3 7 3
9 ,2 3 1 ,9 1 9
9 ,3 8 0 ,0 6 2
9 ,6 0 0 ,4 3 9
1 0 ,9 9 2 ,7 1 4
1 8 ,5 4 5 ,7 6 9
1 8 ,5 3 4 ,0 1 6
1 9 ,0 6 9 ,3 7 7
1 9 ,0 8 7 ,9 1 9 '
N. Y. and Brooklyn Gas Securities—Brokers’ Quotations
G A S C O M P A N IE S .
B rooklyn G as-L ight...........
Citizens’ G a s -L ig h t...........
CUSTOMS RECEIPTS.
Total Merchandise.
Month.
F eb.
“
"
“
“
“
R ece ip ts.
G A S C O M P A N IE S .
B id. AS k
Bid.
Ask.j
w fi
P eople’ s (B ro o k ly n !.......... 82
120
102 V W illia m s b u rg ..................... 124
107
112 V M etropolitan! B ro o k ly n ).. 102
109
105
F ulton Jd u n icip a l.............. 133
B onds, 6 s.......................... 102
134
107
Consolidated G as................ 112
Metropolitan—B o n d s ....... 108
Mutual (N . Y . ) ................... 125
100
Nassau (B ro o k ly n )............ 135
S c r ip .................................. 100
I
111
128
102
140
87
140
B onds, 6 s .......................... 104
Auction Sales—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. R. V. Harnett Sc Co.:
Shares.
B ra n fo rd L o c k W o r k s .. 8 0
B a n k o f A m e r ic a ........... 2 80
M t. M orris E le c . L ig ’ t Co. 11
N at. B ro a d w a y B a n k ... 2 7 4 V
U . 8. L ife Ins. C o ............ 1 2 0
T h o m s o n M eter C o. o f
N e w J e r s e y ................... 5 0
1 2 C hath am N at. B a n k ___ 4 22
2 0 S ou th ern N at. B a n k ___ 1 0 0
3163
8
20
100
123
50
Shares.
1 0 0 N at. B u tch e rs ’ & D r o v
ers B a n k ....................... 1 8 4
B on d s.
* 5 ,0 0 0 O s w e g o & R o m e R R .
2 d 5 s, 1 91 5 , F & A . G uar.
(prin. a n d in t e r e s t).............. 1 0 4
$ 1 ,0 0 0 J e r s e y C ity 7 s, 1 8 9 3 ,
1 0 2 % a n d in t .
—Investments in real estate in Chicago, as also in real
By Messrs. Adrian H. Muller & S o n :
estate mortgages, have much more than a loc al interest and
Shares.
"'EME"
Shares.
are hardly less important for the attention of capitalists in
7 0 S o u th e rn N at. B a n k o f N .
■
’31
e c k e r St. & F u lto n
the Eastern States than in the great Western metropolis it 2 93 B le
Y
.,
sta
m
p
e
d
as
p
e
r
F e rr y R R .......................... 2 7
a g r e e m e n t ...................... 9 6 %
self. Chicago real estate and mortgages have of late year s 1 2 0 N at. B ro a d w a y B a n k ___ 2 7 5 V
B on d s.
8 M e ch a n ics ’ N at. B a n k ... 1 9 11«
probably absorbed more money from outside capitalists and
$ 5 ,0 0 0 4 2 d St. * G r a n d St.
’ T itle Ins. C o ... 150
returned larger profits than the combined real estate transac 21 70 LHaawn yo ve rs
F e r r y l s t 7 s , 1 8 9 3 , A & O . 1 0 2 & in t.
e r F ire In s. C o ___ 1 30
tions of any other two cities of the country. The card of the
41 N. J . Z in c A Iro n C o .........1 3 3 V $ 3 ,5 0 0 M e tro p o lita n G as-L .
Co. I s t 6 s , 190 1 , F & A .1 1 0 V & m t
5 0 P h é n ix Ins. Co. o f B ’k ly n 1 4 1 4
Title Guarantee & Trust Company of Chicago will be found
under Chicago advertisements in the C h r o n ic l e to-day, and
parties having real estate interests there or contemplating any
such investments in future should correspond with this com
pany and learn its methods and just what it offers to do. The
company does not guarantee titles that would be rejected by
Spencer Trask & Co.,
good lawyers. It is against possible and not against certain
BAN KERS,
defects that the company offers protection. Its guarantee is
N o s. 1 6 and. 1 8 B r o a d S tre e t, N e w Y o r k C ity .
additional to, and not a substitute for, the search of title and
2 0 C o n g re ss S tre e t, B o s t o n .
legal opinion, with their liability to mistakes. It is a guar
A L B A N Y N. V .!
PROVIDENCE, R . I.
antee that the search and legal opinion by the counsel of the
Direct Private W ire to Each Office.
company are correct.
A ll «lasses o f Securities Bought and Sold on Commission. Special attention
—The attention of the public is called to the abbreviated re“ given to INVESTMENT SECURITIES.
port of the New York Life Insurance Company of this city in
L IB E R T Y N A T IO N A L B A N K ,
the Chronicle of to-day. The report brings the affairs of the
C e n tra l B u ild in g , 1 4 3 L ib e r ty S tr e e t. N ew Y o r k .
company down to Jan. 1, 1892, and shows assets o f $125,947,- C A P I T A L ,
$ 5 0 0 ,0 6 0
290, with an undivided surplus of $15,141,023. The new
ACCOUNTS OF BANKS, BAN KERS AN D MERCHANTS SOLICITED.
business written for the year amounted to $152,664,982. Un H EN RY C. TIN K E R President.
H E N R Y GRAVES, Vice-President.
JAMES CHRISTIE, Cashier.
der the management of the new President, Mr. John A. Mc
D IR E C T O R S .
Call, it is expected these figures will be largely increased in
E N R Y O. TIN KER,
E. F. C. YOUNG,
H . C. FAHNESTOCK.
the coming year and the public confidence in this old com H
H E N R Y GRAVES,
W M. RUNKLE,
HON. G. A . HOBART*
pany will be fully re-established.
GEO. F. B A K E R ,
DUMONT CLARKE,
J. A . G A R L A N D
J. R. M A X W E L L .
JNO. H . STARIN.
—The Equitable Life Assurance Society of New York pre
sents in our columns of to-day a condensed showing o f the
T H E M E R C A N T IL E N A T IO N A L B A N K
company’s affairs up to Jan.’ l, 1892. The following figures
OF T H E C IT Y OF N E W Y O R K ,
require no comment to show the institution to be both grow
N o. 1 9 1 B road w ay.
ing and strong, in having $136,198,518 of assets and a surplus
$ 1 , 0 0 0 , 0 0 0 |S u r p l u s * P r o f i t s , $ 1 , 0 3 0 , 0 0 0
of $26,292,918. That the management is of a progressive C a p i t a l ,
kind is also indicated by the large amount ($233,118,331) of W IL L IA M P. 8T. JOHN, President. |FR ED ERICK B. SCHENCK, Cashier.
JAM ES V . LO TT, Assistant Cashier.
new insurance written in the past year. Parties desiring
policies should examine the Tontine and other plans offered
A CC O U N TS S O L IC IT E D .
by the Equitable.
—The committee of the Chattanooga Southern Railway
T H IR D N A T IO N A L B A N K
Company gives notice to holders of stock and bonds of said
O F T H E C IT Y O F N E W Y O R K .
company that they are required to deposit the same with the
$ 1 ,0 0 0 ,0 0 6
Central Trust Company o f New York under the agreement C apital,
J. B. W O O D W A R D ........................ .....P resid en t.
dated Jan. 7 last on or before March 10 next, and that unless
they so deposit their holdings they will not be entitled to the H E N R Y CH APIN , JR.............. Cashier I J. F R E D ’ K S W S A S Y ....A sst.C a sh ies
A ccounts solicited and careful attention to the interests o f Depositors
benefits of said agreement.
guaranteed.
faulting and ffitroucial.
356
TH E
kzxs
CHRONICLE.
fà Z Z ÌtZ *
D I V I D E N D S .
Name o f Company.
R a ilr o a d » !.
Buffalo & Southwestern pref......
"Delaware & Hud. Canal (quar.)..
Hartford ¡& Conn. Western..........
When
P er
Cent. Payable.
6
2%
1
B ooks Closed.
(B a ys inclusive.)
[V
L 1V ,
mium; bank, $150 per $1,000 premium; Charleston, buying par,
selling % premium; St. Louis, 25c. per $1,000 premium;
Chicago, 50c. to 60c. per $1,000 discount.
Government Purchases o f Silver.—The following shows
the amount of silver purchased by the Government in Febru
ary. The department having purchased the amount of silver
required by law for the month, no further offers will be con
sidered until the 2d proximo.
Feb. 25 Feb. 19 to Feb. 25
M archio Feb. 26 to Mar. 15
March 1
Feb. 29 Feb. 21 to Feb. 29
Ounces
offered.
Previously rep o rte d .......... 6,785,000
February 22........................
i
24......................... 880,600
The Money Market and Financial Situation.—The finan
“
26......................... 350,000
cial markets have relapsed into dulness and all parties are ‘ Local purchases................
W A L L STRE ET, F R ID A Y , FEB . 26, 1 8 9 2 -5 F . M .
waiting for further developments. There is a feeble demon
stration made in Pennsylvania and New Jersey concerning
the recent coal roads contracts, but this has not yet taken the
form of any hostile action, and investigations are merely the
order o f the day. In Pennsylvania Mr. Cassatt, after stirring
up the Governor, declines to appear and make charges, while
as to Mr. T. V. Powderly o f the Knights of Labor, it hardly
seems strange that he should turn up as complainant against
the Reading Company, after the famous defeat of the Knights
in the Reading strike during Mr. Corbin’s presidency, and the
subsequent showing against Mr. Powderly that his men had
become so demoralized that they would stop their trains on
the road in passing each other and speak on subjects of inter
est in their organization.
The gold exports are having a certain influence on the
market, all hough it is predicted in some quarters that they
are not likely to amount to much, and as to the money market
the banks have so much surplus that it would rather be a ben
efit than otherwise to have a little activity in money.
The next large negotiation in railroad affairs will be, of
course, the Richmond Terminal consolidation, by which all
its railroads controlled in the South are expected to be
.brought more closely under one compact organization. This
plan in detail has been awaited for some time, and it is now
-expected that it will be forthcoming about the first of March.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1% to 2 percent,
the average being a little less than 2 p. c. To-day the rates on
•call were 1% to 2 p. c. Commercial paper is quoted at 4@4%
.per cent.
The Bank of England weekly statement on Thursday showed
an increase in bullion of £624,000, and the percentage of reserve
-to liabilities was 44’05, against 45*16 last week; the discount
rate remains unchanged at 3 per cent. The Bank of France
■shows an increase of 4,050,000 francs in gold and 3,025,000 in
silver.
The New York Clearing-House banks in their statement of
Feb. 20 showed a decrease in the reserve held of $373,800
and a surplus over the required reserve of $30,857, against
$38,658,825 the previous week.
o l.
‘ Total in month to date.. 8.015.600
Ounces
purchased.
P n c e p a id .
4,038,860 $0-9050
Nil.
' $ ........
430,600! $0-9110
100,000 $0*9080
369,965 $ ........
®
®
®
®
®
$0-9175
$ ......
$0*9137
$0-9085
$ .........
4,939,425 $0-9050 ® $0*9175
* The local purchases of each week are not reported till Monday of
the following week.
Coins.—The following are the current quotations in gold for
various coins:
Sovereigns...........$4 85
Napoleons........... 3 86
X XReichm arks. 4 74
25 Pesetas........... 4 75
Span. Doubloons.15 50
Mex. Doubloons.15 50
Finegold b a rs ... par
®$4 90
® 3 90
® 4 80
® 4 85
®15 70
®15 70
®% prem.
Fine silver ba rs..
90*2®
91%
Five fia a c s .......... — 90 ®
95
71%
Mexican dollars.. — 70*2 ®
Do unoommerc’ l -------®
Peruvian s o ls ..... — 68 ® — 7 0
English s ilv e r.... 4 80 ® 4 9 0
U.S. trade dollars — 70 ®
State and R ailroad Bonds.—Sales of State bonds have
been small, including $15,000 North Carolina 6s, 1919, at 123 ;
$21,000 Ala. Class “ A ,” at 103%; $1,000 Alabama, Class C,
at 94; $25,000 Tennessee settlement 3s at 71.
Railroad bonds have shown a more moderate business, but
prices are well maintained. There is apparently a confidence
in bonds which is not shaken by every decline in the stock
market, except in some cases where the bonds are incomes,
ranking virtually as preferred stocks. By far the larger part
of the bonds sold at the Stock Exchange are mortgage bonds
payable in gold and having real estate security (railroads or
terminals), such real estate also having an earning capacity
which supplies a net income usually much above the annual
interest requirement of the bonds. This is a mere truism about
the form of our investments, but it may be worth while to
mention it occasionally, as in these times of silver discussion,
of wide fluctuations in stocks, of sending home our securities
from abroad, and of great depression in various foreign
government and municipal securities in London, it is
desirable to point out how comparatively strong are our rail
road mortgage bonds, if only our own State and general g o v
ernments will leave the railroads alone to do a fair business at •
fair rates.
Richmond Terminal bonds have been among the strongest
of the list on their good, prospects under the new plan that is
expected to come out next week. The Reading income bonds
have been strong to-day, but their prices always look rela
tively low as compared with the stock, taking the investment
view and not the market view of them. There have been,
Differen’sfrom
1892.
1891.
1890.
Prev. week.
Feb. 21.
Feb. 21.
Feb. 20.
very few bonds specially active, and so dull are some of the
favorites that to-day there was not a single sale of Atchison,
$
$
$
$
•Capital;................ 59,372,700
67,119,700 60.862.700 incomes. The M. K. & T. and International & Gt. Northern
^Surplus............... 66.007.900
65,375,800 57,620,900 issues are firm on the Gould settlement. Chicago & Erie,
Loans and disc’ts 476.571.000 Inol0,279,700 403,522,100 414,574,000 firsts and incomes are dealt in steadily, and the former draw $
5,457,700 Dec.
90,800
Circulation.........
3,540,300
3,336,600
Net deposits........ 531,261,800 In o.9,689,900 416.562.700 427,737,200 per cent after May 1.
¡Specie.................. 113,152,100 In c . 216,600 83,909,400 82,911,400
Railroad and Miscellaneous Stocks.—The stock market
Legal ten tiers___ 50.520.900 Dec. 590,400 35,604,300 27.723.700
has relapsed into a condition of midsummer dulness. This»
Reserve h e ld .... 163.673.000 Dec. 373,800 119.513.700 110,635,100
Legal reserve... . 132,815,450 Ino .2,422,475 104,140,675 106,934,300 perhaps, was to be expected after the abnormal activity
attending the coal roads deal, as that stimulated enormous,
S ^ m ln s r é s e r v é
30,857,550 Dec. 2,796,275 15,373,025
3,700,800 trading in a few stocks without furnishing any basis for
Foreign * xchange.—The rates for sterling have been a trifle broader transactions in the general market. A t present the
easier, with a better supply of bills offering, but demand bills attitude is one of halting to await further developments. ^ The
and cables are on actual business nearly the same as last silver discussions in Congress, the possible result o f the inves
•quoted, and about $2,250,000 gold is shipped this week, includ tigations of the coal combination, the approach of spring and
ing $1,250,000 engaged for to-morrow’s steamers. Actual rates expected increase in spring business, and the present doubt as
for exchange are: Bankers’ sixty days sterling, 4 8534(24 85% to the probable extent of gold exports this season, are all mat
ters which tend at the moment to throw uncertainty about,
•demand, 4 88@4 88%; cables, 4 88%@4 88%.
the stock market and cause a hesitating movement.
Posted rates of leading bankers are as follows:
Chicago Gas has been one of the most active specialties, and
since the announcement that the Economic Company ha»
Sixty Bays.
February 26.
Bemand.
been “ taken over” there has been a reaction in price, closing
at 77%. The Lake Erie & Western stocks continue active,
(Prime bankers’ sterling bills on London.. 4 86 ® 4 86*a
4 89
Prime com m ercial..................................r_ 4 8 4 % ® 4 85
though prices are not stronger than last week, and there is,
Documentary commercial........................... 4 84% » 4 84*3
Paris bankers (francs)................ .............. _ 5 193s®5 183i 5 17% ® 5 1678 nothing new known to outsiders in regard to them. New
Amsterdam (guilders) bankers.................. 40% ®40»ie 40616® 403a York & New England has recently been weaker on Boston
Frankfort or Bremen (reicbmarks)b’nkers 95% ® 95%
t 95% ® 9508 rumors that the preferred dividend might be reduced or
passed, and on the prospect o f a blanket mortgage to be au
United States Bonds.—Quotations are as follows :
thorized at the stockholders’ meeting. Reading is most active
among the coalers and is holding its price well, indicating a
Feb.
Interest Feb. Feb.
Feb. Feb.
Feb.
confidence in the strength of its late agreements with other
22.
Periods 20.
24.
23.
25.
26.
roads. Atchison and St. Paul are about the most active of the
-2s,................. ..reg. Q.-Mch. * 1 0 0 j
*100 *100 *100 *100
Western list, and the cohrse of these stocks will probably de
4 s , 1907......... ...re g . Q.-Jan. 116%
*116% *116 *116 *116
pend very much on the earnings of their respective roads as
4 s, 1907........ ..coup. Q.-Jan. *116%
*116% *116 *116 *116
the season advances. Richmond Terminal is steady and the
6s, cur’cy,’ 95. ...re g . J. & J. *109
*109 *109 *109 *109
2
•6s, cur’cy,’ 96. ...re g . J. & J. *111
Street awaits with much interest the famous “ plan,” which
*111 *111 *111 *111
6s, cur’c.y,’ 97. ...re g . J. & J. *113
*113
*113
*113
*113
will probably He the chief event of next week.
H *116 *116 *116 *116
6s, cur’cy798. ...re g . J. & J. *116
Baltimore & Ohio stock was listed this week on the Stock
6s, cur’cy,’ 99. ...re g . J. & J. *118%
*118% *118% *118% *118%
Exchange, and sold quite actively on Thursday.
*Thisis the price bid at the morning hoard : no sale Was made.
Unlisted stocks are very dull. Col. & Hocking Val. pre
The following were the rates o f domestic exchange on New ferred sold yesterday at 69% and Tol. St. L. & K. C. pref. to
York at the undermentioned cities to-day: Savannah, buying, day at 31%. Silver bullion certificates sell very slowly
par; selling % premium; New Orleans, commercial, 50c. pre- at 90%.
TH E
F ebruary 27, 1892. J
357
CHÏtONICLE.
NEW YORK STOCK EXCHANGE—A C T IV E STOCKS for
w eek
ending F E B . 2 5, and s in c e JAN. 1, 1802.
HIGHEST AND LOWEST PRICES
STOCKS.
Saturday,
Feb. 20.
Monday,
Feb. 22.
Tuesday,
Feb. 23.
Wednesday, Thursday,
Feb. 25.
Feb. 24.
Friday,
Feb. 26.
Sales
of the
Week,
Shares.
Range of sales in 1892.
Lowest.
Highest.
A c t iv e R R . S t o c k e .
57,705 37% Feb. 5 46% Jan. 4
38% 39% 38% 39% 38% 38% 38% 39
39%
Atchison Top. & Santa Fe___ 39
'100 4% Feb. 19 5% Jah. 2
4%
4%
*4% 4%
*4% 5
*4% 5
5
*4%
Atlantic & Pacific..................
3,110 96 Feb. 25 97% Feb. 2596
97% 96% 97%
Baltimore & Ohio..................
900 88% Jan. 27 94% Jam 12
*89%
90
89%
89%
89%
89%
89% 89%
89
89
Canadian Pacific.....................
2,825 58% Jan. 19 62% Feb. 18
60%
60
60% 60% 60% 60
Canada Southern.................... 60% 60%
12,593
111% Jan. 19 140 Feb. 12
138
139
137%
139
136*s 13918 138% 139%
Central of New Jersey............ 137% 138%
10 32% Jan. 20 35 Jan. 4
32
32
¡Gehtral Pacific........................
3,040
24% Feb. 9 28 Jah. 14
24%
24%
24%
24%
24% 24% 24% 25
Chesapeake & O., vot. tr. cert. 24% 24%
1,036 59 Jan. 9 64% Jan. 16
61% 61% 61%
61% 61% 61
*61
63
61% 61%
Do
do
1st pref___
43% Feb. IT
2,000
38%
Jan.
*42
43
42%
43
42% 42% 42% 43
43
Do
do
2d pref........ *42
145 FCb.;24
■ 139 Feb.
174
145 145 *142 150
*143 147
Chicago & A lto n .....................
110%
Jan. 28
104%
104%
36,497
104
104%
103%
Feb.
104 105
103% 105
Chicago Burlington & Quincy. 104% 108
70 Jan. 2
*65% 69
66% Feb.
68%
69
*67% 68% *68
Chicago & Eastern Illinois— *67% 68%
104
Feb.
11
”
230
100%
101%
102%
98 Jan.
*102% 103% *........ 103
Do
pref. *102% 103%
83%Jah. T
77% 78% 77% 78% 80,050 76% Feb.
77% 78% 77% 79
Chicago Milwaukee & St. Paul. 77% 78
128%
Feb.
155,005 120% Jan.
127 L27
126 127% 127% 127% 126% 127
Do
pref. 126% 126%
119 Jan. 2 8
8,300 114% Jan.
116% 116% 116% 116% 116% 116% 116% 116%
Chicago & Northwestern....... 116% 117
145% Jan.' 2 8
144%144%
416 141 % Jan.
144%144%
Do
pref.
94% Jan. 7
88% 89
88
89% 87% 88% 87% 88% 39,095 87% Feb.
Chicago Rock Island & Pacific. 88% 89%
■
7,530 44 Jan.
46% 47% 47% 47%
50% Jan.
46%
47%
47%
47%
48
48
Chicago St. Paul Minn. & Om.
. .1
116
Feb. 1 6
108%
Jan.
358
*113
113%
113%
*
L15
115 115 *113 116
Do
pref. 114 119
75 Jan. T
69% 70% 70% 70%
5,038 69% Feb.
70%
71
70%
71%
71%
71%
d e v e . Cinoin. Chic. & St. L ...
98
Jan.
5»
300
98%
98
98
95
Jan.
98%
96% 97%
Do
pref. 98% 98%
33% Feb. 18
31% 31%
5,060 29% Jan.
31% 30% 31
31
31% 31
31%
Columbus Hocking Val. & Tol. 31
137%
Feb.
1
2
132%
132%
122%
Jau.
2,450
131%132
133 134% *133% 134%
Delaware & Hudson............... 134% 134%
165 Feb. 1 2
156% 160% 158% 160% 158% 159% 159 L59% 62,228 139% Jan.
Delaware Lackawanna &West 156% 157%
19%
Jan.
2
*17%
17%
17%
500
18
16% Feb.
17% 17% *17
18
Denver & Rio G rande............ *17% 18
51% Jan. 2 8
2,520 45 Jan.
48% 49% 48% 49% 48% 49% 48% 49%
Do
pref. 48% 48%
9% Jan. T
555
7% 7%
7%
7 Feb.
7% 7% *7
7% *7
7%
7%
East Tennessee Va. & Ga.......
51% Ján. 11
*45
52
46
Jan.
*45
52
i
*44
52
*45
52
52
Do
1st pref. *45
19%
Feb. 2 6
18%
19%
3,875 14% Jan.
18
18% 18% 18% 18% 18%
18% 18%
Do
2d pref.
124 Jan. 4
350 x ll9 % Jan
122% 122% 122% 122% *120 124 *120 124
Evansville & Terre Haute___ 122% 125
126
Feb. 18
129 129
720 119 Jan.
126 126
126 126 *127 130
Great Northern, pref.............. 125 127
110 Jan. 5
105 105
1,140 105% Feb.
106 106
105% 105% *105 106
Illinois Central........................ 106 106
15%
Jan. 4
650 12% Jan.
14
13% 13% *13
*13
13% 12% 13
Iow a Central........................... *13% 13%
5 6 S4 Feb.*13
55
1,869 46 Jan.
51
54% 53
50
50
51
51
Do
pref. *52% 53%
27 Feb. 25
25% 26% 57,482 20% Jan.
27
24% 25% 25
28% 26
24% 26%
Lake Erie & Western.............
78% Feb. H9>
9,504 69% Jan.
75% 77
76
77% 76% 77% 75% 77
Do
pref. 76% 77%
125% Feb. 1 6
123 123
120
Jan.
1,335
123
123
122%123
122%123
122%
122%
Lake Shore & Mich. Southern.
100
Feb. 25
*98
95
Jam
100
465
100
100
97% 97% *97 100
98
Dong Island............................. *96
84% Jan. 2
74% 75% 74% 74% 73% 74% 73% 74% 32,915 72% Feb.
Louisville & Nashville............ 74% 75
31
Jan.
7
26%
26%
26
Jan.
3,325
26% 27% 26% 27% 26% 26%
Louisv. New Alb. & Chicago.. 26% 26%
119 Jan. 28
5,048 104 Jan.
113 113% 113% 114% 113% 114% 114 114
Manhattan Elevated, consol.. 113% 113%
108%
Jan.
29'
106%
106%
104
Jan.
316
106 106
106% 106% 106 107
Michigan Central..................... *106% 106%
94 Feb. 1
92% Jan.
*92 ....... *92 ........ *92 ........ *92
Milwaukee Lake Sh. & W est.. *92%
135 Jan. 28
5 128% Feb.
128% 128% *128 ........ *128
*128
Do
pref. *128%
10% Jan. 7
8
8
Feb.
540
8
8
8%
*8%
9
8%
8%
*8% 8%
Minneapolis & St. Louis........
24 Jan. 7
18% 18%
150 20 Feb.
*19
22
*19
22
*19
23
Do
pref. *19% 23
20%
Jan. 18
*16%
16%
Feb.
600
17%
16%
17
*16%
17%
*16%
17%
18
Missouri Kansas & T ex a s___ *17
33%
Jan. 1 8
2,552 28% Feb.
29% 29% 28% 29%
30
30
30% 30
30
30
Do
pref.
4
65%
Jan.
61%
59
Jan.
61%
9,300
61
61%
61%
62
61
62%
61% 62%
Missouri Pacific.......................
42% Jan. 2¡
38
38
6 34% Jan.
*38
41
*38
41
*38
40
40
Mobile & Ohio........................ . *38
1
4
Jan.
90
*86%
86
Feb.
88
*86%
88
*86% 88
*86% 90
88
Nashv.Chattanooga&St.Louis *87
116% Jan. 2
2,452 112% Jan.
113% 113%} 113% 113%
114 114% 113% 114
New York Central & Hudson. 114% 114%
22%
Jan.
518%
18%
Feb.
18%
735
19
19
18% 18% 18% 18%
19% 19%
New York Chic. & St. Louis ..
81% Jan. 4
*74
75%
200 75 Feb.
*73
75
75
75
76
76
77
Do
1st pref. *75
45 Jan. 4
40%
100 39% Jan.
-40
40% *40
*40
41
*40
42
40% 40%
Do
2d pref.
34% Jan. 2
31%
29%
Jan.
31%
56,285
31%
31%
31%
32%
31%
32%
31%
32%
New York Lake Erie & West’n
76% Feb. 12
73
8,150 70% Jan.
72% 72% 72% 73
72% 73% 72
Do
pref. 73% 74
W
56% Feb. 11
42%
Jan.
48%
49%
66,805
47%
49%
49%
50%
50
51
50% 51%
New York & New England...
227%
Jan. 5
224
Jan.
*227 228 *227 229 *226 228
tH
New York New Hav. & Hart.
23% Feb. 11
20%
18%
Feb.
20%
6,662
20%
20%
20%
20%
20%
20%
New York Ontario & Western 20% 20 %
14%
Feb 16
12% 12% 2,490 10% Jan.
b
12% 12% 12% 12%
12% 13
New York Susquehan. & West. 1314 13%
59% Feb. 1 6
Ü
1,600 41% Jan.
54% 54% 54% 51%
54% 55% 54% 55
Do
pref. 56*3 56%
18
Jan.
*14
16
400 14% Feb.
m
14% 15
*14
16
*14
16
*14% 16%
Norfolk & Western................
56 Jan.
50
525 49 Feb.
50% 50% 49% 49% 49% 49% *49
50
50
Do
pref
26% Jan.
*23%
24
23 Jan.
716
23%
23%
23%
24%
24
24
:
23
235g
Northern Pacific...................
72% Jan. 2
65%
Jan.
67
67%
46,425
66%
67%
67% 68% 67
68%
Do
pref. 673s 68
24 Jan. 5'
21
Feb.
*21%
22%
*21%
22%
22
%
*
21
%
Ohio & Mississippi.............
23% Feb. 1 2
*21%
19
Jan.
23%
500
*21%
23
22% 22% 22% 22%
2 2 % 22 ?
Ohio Southern....................
91% Jan. 28
85
Jan.
*88
90
*87
90
*88
80
*88
90
-88
90
Cregon R’y & Navigation Co.
33% Jan. 4
28
Feb.
*28
29%
100
29%
*28% 29% *28
29
29
Oregon Sh. Line&Utah North *28% 291
22%
Jan. 4
19%
Feb.
*19%
20%
200
*19%
20%
*19%
20%
19%
20
Peoria Decatur & Evansville. *19% 20
65 Feb. 11
59 186,320 38 Jan.
58
59% 57% 58% 57% 58% 58
Phila. &Read., vot. trust, cert. 58% 59i
30%
Jan.
6
25%
25%
Feb.
25%
233
25%
25%
*25
27
*25
27
27
Pittsburg Cinn. Chic. & St. L. *25
67% Jan. 6
64% Jan.
»63
65
66
*63
66% *63
*64
65
65
Do
pref. *64
43
Jan.
«
7
39%
Jan.
41
42
700
‘
40%
43
41
41%
*41%
43
43
Pitts. & W est, pref. tr. certs. *42
17% Feb. 1 2
15% 15% 15% 16% 15% 16% 16% 16% 23,879 13% Jan.
Richmond&WestP’tTerminal 15% 15?
78% Feb. 1 6
75
76
1,749 60 Jan.
73
75
75
76
74
75
Do
pref. 75% 76
41
Jan. 5
38 Jan.
Rio Grande Western.............
68
69
155! 63 Feb. m 71% Jan.
70
70
69
69
:
Do
pref
100; 110 Jan. 19 112% Jan.
110% 110% *110 111 *110 111 *110 111
:
Rome Watertown &Ogdensb. a i o
8% Feb. 12 11% Jan.
*8% 9
100
*8% 9
9%
*8% 9% *8%
9
9
Bt. Louis Southwestern........
17% Feb. 12 22% Jan.
*17%
18%
400
17%
17%
-18
19
*13
19
1
8
18
Do
pref
43%
Feb. 23 48% Jan.
*43%
44
600
43%
43%
4 4 ’!
43% 44% *43% 44
Bt. Paul & Duluth...................
106% Feb.
___
250 103 Jan.
103% 103% 104 104
103 103 *103 105
Do
pref. *103 105
116% Jan.
*112
113
1,330,
l
i
2
Feb.
112% 112% 112 112
*112 114
Bt. Paul Minn. & Manitoba... *112 114
41% Jan.
1,960
38%
Feb.
39%
39%
39
39%
39
39%
39
39%
:
Southern Pacific Co................
14% Jan.
960
9%
Feb.
10%
10%
10% 10% 10% 10% 10% 10%
:
Texas & P acific.......................
27% Feb.
25%
3,710
23%
Jan.
25%
25%
25%
25%
25%
25
26%
Toledo Ann Arbor & N. Mich. *25% 26
52%
Feb. 18
........
46
Jan.
*50
52
‘ 50
52
*50
52
*50
52
53
Toledo & Ohio Central............ *50
88 Feb. H
16 83 Jan.
*85
87
85
85
*85
87
*85
87
87
Do
pref. *85
50%
Jan.
46% 40,899 44% Feb.
45% 46% 46
45% 47
46% 47
Union P acific..........................
45% 47
25 Jan.
300* 19% Feb.
19% 19% *19% 20% *19% 20%
*19% 20
Union Pacific Denver & Gulf. 19% 20
15% Jan.
800 12% Jan.
13
13% *12% 13% 12% 13% 12% 13%
:
Wabash..................................... *13
131
33% Jan.
28%
Feb.
3,910
29%
29%
29%
29%
29%
29%
29% 29%
:
Dc
pref.
40% Jan.
37
37%
4,818 36 Jan.
37% 38
37% 38
36% 38
:
Wheeling & Lake Erie............
80% Jah.
76%
1,897
76%
Feb.
76%
76%
76%
76% 77%
77% 78
78
Do
pref. 78
21% Jah.
330 18 Jan.
18%
18% *18
18
18% 17% 17% *18
Wisconsin Central Co.............
!
M is c e lla n e o u s S t o c k s .
37%
Jan. 4
32%
Jan.
19
1,312
34%
34%
35
35%
34%
34%
34%
34%
:
American Cotton Oil Co........
255 63% Jan. 19 70 Jan. 4
65% 65%
*65
67
66
66
:
*65% 67
Do
pref.
88%
Jan.
>. T
78%
Jan.
19
3,325
83%
83
83
83%
82%
83%
82%
83%
82% 83
Am. Sugar R e f.C o ..................
65 90 Jan. 19 94% Jan. 28
*92% 93% 92% 92% 92% 93% *92% 93%
Do
pref. *92% 93
81% Feb. 1 2
71%
Jan.
2
145,631
76%
78
75%
76%
76%
TO%
:
77%
80
Chicago Gas Co., trust rec’ts. 79% 81®
1,375 35% Feb. 5 39% Jan. 11
36% 36%
36
36
*36% 37
36% 37
Colorado Coal & Iron. ..........
37
37'
Feb. 6
112% 112% 112% 112% 112% 112% 112 113% 4,114 102 Jan. 15 114%
Consolidated Gas Co............... 113 113'
67% Jan. .7
49
49% * 49% 49% 49% 50% 49% 50% 19,338 45% Feb. 4 104
Distilling & Cattle Feed’g Co. 49
49'
Feb 5
88%
Jan.
15
8,972
98%
98%
96
98
95%
98%
95
97%
Edison General Electrio........
97% 98'
93% 94% 92% 95% 18,214 92% Feb. 13 99% Jan. 7
94% 95
94
95
National Cordage C o .............
95
95*
114%
Feb. : 3
100
Jan.
4
2,510
106%107%
106
107
109
109
107 109%
Do
pref. f108 109'
1,903 31 Jan. 2 39 Jan. 4
32% 33%
34
34% 34% 34
34% 35
National Lead Co....................
86%
Feb.
11
81%
Jan.
19
1,649
83%
83
83%
83% 83% 83% 83% 83
Do
pref.
8,454 15% Jan. 19 18% J&n. 4
15% 16% 15% 15% 15% 15%
15% 16
North American Co................
15% 16
29%
Jah.
4
26%
Jan.
28
-26
29
*26
29
*26
29
*27
29
Oregon Improvement C o ....... *27
29
2,000 35% Jan. 19 40% Jan. , 4
37%
37
36% 37
37% 37% 36% 37
Pacific M ail.............................
37% 38
64%
Jan.
12
25
133.000
57% 59% 5S% 58%
59
:
59% 59% 58
Pipe Line Certificates § ..........
60% 603
161 184 Jan. 4 190 Feb. 1
187% 189%
189 189
187% 189
*188 190
;Pvulman Palace Car C o......... *188 190
91% 91% 90% 90% 90% 90% 255.000 89% Feb. 9 95% Jan. i 4
!
91
91
Silver Bullion Certificates___
40% Jan. 19 47 Feb. 19
11,785
44%
45
44%
45%
44
46%
44%
46
:
Tennessee Coal & I r o n ..........
100 92 Feb. 23 97 Jan. 11
*93 100
*93 100
*93 100
92
92
Do
pref.
100
82 Jan. 19 89% Feb. 19
19,666
87%
87%
87%
87%
87%
88%
87% 88%
:
Western Union Telegraph___
* These are the prices bid and ask e d ; no sale m ad e, $ Priceeirom both E x ch a n gesj x Ex dividend. ||Lowest is ex div. and rights.
368
THE
CHRONICLE,
fVoL. L1V.
NEW YORK STOCK EXC HANGE PRICES (Continued)—INACTIVE STOCKS.
R a n g e (sales) i n 189 1 .
F eb. 26.
I n a c t iv e S to c k s
H I n d ic a t e s u n lis ted .
B id .
R a ilro a d Stocks,
Alabama & VickburgTf___J,'. ..100
Albany & Susquehanna............ 100
Atlanta & Charlotte Air LIT___ 100
Belleville & South. 111. pref___ 100
Boston &N. Y. Air Line pref___ 100
Brooklyn Elevated}".................. 100
Buffalo Rochester & P itts ..... 100
Preferred..............
100
Burl. Cedar Rapids & Nor....... 100
California Pacific}!..................... 100
Cedar Falls & Minnesota...........100
Cleveland & Pittsburg............. 50
Columbia & Greenville p f....... 100
Des Moines & Fort Dodge....... 100
P referred..... ........................100
Duluth S. bore & A tla n .f........100
Preferred}!................................100
H int & Pere Marquette............ 100
Preferred..................................100
Georgia Pacific}!........................ 100
Green Bay Win. & St. Paul___ 100
Houston & Texas Central......... 100
Illinois Central leased lines___100
Kanawha & Michigan............... 100
Keoknk & Des Moines..............100
Preferred................................ 100
Louisv. Evans. & St. Lo., cons.100
Preferred................................. 100
Louisv. St. Louis & Texas........ 100
Mahoning Coal.......................... 50
P referred .............................. 50
Memphis & Charleston............. 25
Mexican National......................100
Morris & Essex.......................... 50
N. Y. Lack. & Western..............100
S . Y. & Northern pref............... 100
Peoria & Eastern....................... 100
Pitts. Ft. Wayne & Chicago___ 10O
Pittsburg & Western................. 50
A sk .
L ow est.
160
F eb .
‘ 9 4 - **97*’
1 50
1 25
Jan .
120
10 1%
1 0 1 % F eb .
3
1
J
an .
31
3 2%
381«
3 8 % J an .
79% 8 0 % 7 8 % F eb .
36
Jan .
15
7
78
Jan.
..........
1 5 0 J an .
7
15
6%
14
8
20
65a
15
7
10%
3%
92
13
7%
4
14
21
7
19%
6%
14
25
8 1%
7
9%
4
91
12
F eb .
J an .
F eb .
F eb.
Jan.
F eb .
Jan.
F eb .
Jan.
F eb .
J an .
2 0 % F eb .
17% 18% 1 4 % J a n .
84
1 00
7 7 % F eb.
98
1 0 0 F eb .
5
143%
108%
* 1 6 % 'l*8 *‘ 1 6%
13
15
12
152%
Jan.
Jan.
J an .
Feb.
F eb .
F eb .
165
F eb.
1.30
1 02
32
43%
81%
50
Jan .
J an .
Jan .
Jan .
Jan .
F eb.
7 % Jan .
1 5 4 J an .
8%
20
7%
16%
28
85%
7
1 2%
4
96
14
Jan .
Jan .
Jan .
J an .
F eb.
J an .
Jan .
Jan .
Jan .
Jan .
J an .
21
F eb .
1 9 % F eb .
7 7% F e b .
100 F eb.
5
146%
Ill
26
15%
154%
Jan.
F eb .
F eb .
Jan.
J an .
Jan.
Feb. 2 6 .
I n a c t iv e St o c k s .
}f In d ic a t e s u n lis te d .
H ighest.
35
(% Indicates actual sales.)
B id .
R e n s se la e r & S a r a to g a ............. 1 0 0
-10O
St. L o u is A lto n & T . H ............. 1 0 0
j
Do
p r e f ............ .1 0 0
S t. L . & S an F ra n . 1 st p r e f ___ .1 0 0
S ou th C a r o lin a ............................ 1 0 0
T o le d o P e o r ia & W e s te r n }!___ .1 0 0
T o le d o St. L o u is & K . C it y } ! ..
V ir g in ia M id la n d ........................ 100
M is c e lla n e o u s S to c k s
A d a m s E x p r e s s ............................ .1 0 0
A m e r ic a n B a n k N o te C o }!........
A m e r ic a n E x p r e s s .................... .1 0 0
A m . T e le g r a p h & C a b le ............ .1 0 0
A m e r ic a n T o b a c c o C o., p r e f . .1 0 0
B r u n s w ic k C o m p a n y ................ .1 0 0
C h ic J u n e. R y . & S to c k Y a r d s . 1 0 0
P r e fe r r e d .................................... 1 00
C itizens’ G as o f B r o o k ly n ........ .1 0 0
C olu m b u s & H o c k in g C o a l___ .1 0 0
C o m m e rcia l C a b l e .................... 1 0 0
C on sol. C oa l o f M a ry la n d ........ .1 0 0
L a cle d e G a s ................................... .1 0 0
Do
p r e f .......................... .1 0 0
L e h ig h & W ilk e s. C o a l}!............
M a ry la n d C o a l............................ 1 00
M in n e so ta I r o n ............................ .1 0 0
N a tion a l L e a d C e rts. } f ............. .1 0 0
N a tio n a l L in s e e d O il C o ........... 1 0 0
N a tio n a l S ta rch M fg . C o ......... 100
N e w C en tra l C o a l........................ 1 00
O n ta rio S ilv e r M in in g ............... .1 0 0
P e n n sy lv a n ia C o a l..................... 5 0
P. L o rilla r d C o. p r e f ................. ion
P o s ta l Telegraph"—C a b le }!.. ..
Q u ick silv e r M in in g ..................... 100
P r e fe r r e d .................................... .1 0 0
T e x a s P a cific L a n d T r u s t ........ 1 0 0
U . 8. E x p r e s s ................................ 1 00
W ells, F a rg o E x p r e s s ................ 1 00
R a n ge (sales) in 18:- 2
A sk.
L ow est.
164
9
32%
1 32
76%
2
17%
8%
38%
H igh est.
Jan.
Jan .
F eb.
Jan .
.Jan.
F eb .
J an .
J an .
F eb .
170
9%
3 3 7«
132
78%
4%
20%
26
38%
Jan,
Jan.
Jan.
Jan.
F eb .
Jan .
F eb .
F eb.
F eb .
144
1 47
144 F eb.
t 43
F eb .
43
117
119
1 16
F eb.
8 0% 82
8 0 J an .
9 8 % 98% 9 6 J a n .
10% 13
10 J an .
t 75
75
J an .
8 0% J an .
Î102
94% Jan.
J an .
15
Î1 50
Jan.
148
28
30
F eb .
26
203a 20ia 1 9 % F eb.
Jan.
63ia 62
20
25
20 F eb.
25
28
23% F eb.
82
83
76 Jan.
19% 2 0
1 8 78 J an .
Jan.
27
1 3158
ì 441$
F eb.
35
10
12
1 0 % Jan .
4 2% 4 5
4 2 % F eb.
250
300
F eb .
275
114 F eb.
58
59
37
Jan .
4
3 % F eb.
3ia
1 20
20
F eb .
Jan .
15
! 4 8 % 491« 4 8
Jan .
1 43
1 4 0 J an .
1 50
43
118%
82%
99%
1 4%
79%
83
102%
1 8%
151%
28
2 4 7«
64
25
2 5%
82
21
32
46%
1 1%
45%
275
1 18
50
4
22%
15
54
145%
J an .
F eb.
F eb .
J an .
F eb.
F eb .
J an .
F eb .
F eb.
J an .
F eb.
F eb.
Jan .
Jan.
F eb.
Feb.
Jan.
J an .
F eb .
F eb.
F eb.
J an .
F eb .
Jan .
Feb.
Jan.
J an .
Jan
Jan.
F eb.
B id .
Ask
31
126 .
76
33
80
20
20
21
21
* N o p r ic e F r id a y ; la te s t p r ic e th is w e e k
NEW YORK STOCK EXCHANGE PRICES.—STA TE BONDS FEBRUARY 2 6.
SECURITIES.
Bid.
Ask.
▲labamar-Class A, 4 to 5 .......1906
Class B, 5s.............................1906
Class C, 4 s............................. 1906
Currency funding 4s............1920
Arkansas—6s, fund.Hol.1899-1900
do. Non-Holford
7s. Arkansas Central R R ........
Louisiana—7s, eons................ 1914
Stamped 4s....................................
Missouri—Fund_______ 1894-1895
103%
105
92
94
7
160
4
105
84
105
104
107
97
15
180
10
88
SECURITIES.
New York City Bank Statement for the week ending Feb‘
We omit two ciphers(00) in all cases.
SO, 1892, is as follows.
Ba n k s .
(00« omitted.)
Bank o f N ew Y o r k ...
Manhattan C o ......___
M erchants’ ..................
Mechanics’.................
Am erica.......................
Phenix............. ..........
C ity ..............................
Tradesm en’s ..........
Chem ical.....................
Merchants’ E xchange
Gallatin N ation a l.. ..
B utchers’ & D rovers’,
M echanics’ & Traders
Greenwich....................
Leatnei M anufact’rs.
Seventh N a tion al.....
State o f N ew Y ork....
Am erican E xchange.
C om m erce.._________
B ro a d w a y ..................
M e rca n tile............ ......
P a c i fi c ........................
R ep u b lic.......................
■Chatham ....................
Peoples’ ........................
N orth A m erica...........
H a n o v e r ....... . . . ___
I rv in g .....................
Citizens’ . . . . ............
N a s s a u .......... ............
M arket & F u lt o n .....
fit. N icholas......... .......
Shoe & L e a t h e r .......
-Com E x c h a n g e ........
Continental................
O rien ta l................
Im porters’ & Traders’
P ark............................. .
B ast R iv er______. . . .
F ourth N ational.........
C entral N a tion a l.....
Seoond N ational....... .
N inth N ational...........
F irst N ational........ .
T hird N a tio n a l........
N . Y. N a t’l E xchange
B o w e r y .................. .
N e w Y ork C o u n ty ....
Germ an-Am erican.. . .
C hase N a t io n a l.......
F ifth A v en u e___. . . . .
G erm an E x ch a n g e .. ' j
Germania.....................
U nited States..............
L incoln....... .................
G arfield.........................
F ifth N a tio n a l........
Bank o f the M etrop ...
W est Side...............¿51,
Seaboard............... .
S ix th N a tio n a l........
W estern N ational___
First N ational,B ’klyn
T to a l............
B id .
S
2 ,000,0
2,060,0
2 , 000,0
2 , 000,0
3.000.
1. 000 .
1,000,0
760.0
300.0
600.0
1,000,0
300.0
400.0
200.0
600,0
300.0
1, 200,0
6,000,0
6,000,0
1, 000,0
1, 000,0
422,7
1,600,0
460.0
200.0
700.0
1, 000,0
500.0
600.0
500.0
750 .0
600.0
600,0
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
150.0
300.0
200.0
500.0
200.0
2 .100.0
800,0
9
1.966.8
1.580.3
979.8
2.029.5
2.197.7
0
452.2
0
2.429.0
126,6
6.723.0
151.5
1.611.7
306.2
420.9
150.3
652.1
70,0
483.5
2.087.6
3,423,5
1.691.3
1.031.4
433.4
960,8
820.5
318.3
684.4
1.740.3
826.3
440.4
250.5
797.7
120.7
258.0
1.210.9
280.8
416.9
6.383.8
2.814.5
144.5
1.798.4
543.2
406.3
262,2
6.805.7
43,5
164.0
500.3
571.7
293.4
1.050.4
849.4
543.1
493.3
618.8
370.4
393.7
313.9
649.3
253.3
198.8
352.9
194 2
793.3
Loans.
Specie.
Legale. Deposits.
,14.370.0
»
S
3.310.0
4.712.0
1,226,4
1.392.0
3.316.0
1.510.0
3.465.1
| 471,1
6.780.1
, 534,1
1.388,8
386.8
330.0
140.3
875,7
337.6
g 406,4
6.695.0
1.677.7
1.019.8
1.640.6
707.7
1.022.0
1.260.6
258.9
929.0
5.326.0
615.4
644.7
787.6
706.5
114.5
771.0
2.620.3
1.636.8
137.6
6.764.0
9.552.4
82,2
5.197.4
3.645.0
1.330.0
777.6
8.127.3
738,5
475,3
686.0
910.0
393.9
2.880.1
1.268.4
219.0
468.7
1,892,3
1.791.9
697.8
348.7
1, 122,8
411.0
700.0
199.0
2,422,7
906.0
~ $
9
1.710.0 15.670.0
1,000,0 13.878.0
1.120.0 9.276.2
8.368.0
897.0
1,797,9 20.069.9
6.610.0
I 480,0
2.057.0 16.448.5
2.690.0
. 323,7
1,902,5 26.038.6
5.159.3
732.4
5.749.4
762.4
1.893.4
250.9
2.446.0
290.0
1.067.7
102.4
2.931.8
265.5
1.699.5
69,2
3.267.0
542.5
1.997.0 18.924.0
3,669,3 16.295.2
5.068.8
479.9
1.235.1 11. 281.2
3,31379
466.0
2.887.7 15.802.6
7.219.6
988.2
272.3
3.051.4
552.2
6.054.9
861.4 21.732.9
291.6
3.272.0
182.9
3.357.4
487.4
3,316,3
331.8
4.239.7
442.4
2.272.6
568.0
4.283.0
256.0
9.572.2
152.7
6.936.6
365.8
2.156.1
2.993.0 30.173.0
2.648.0 34.860.0
169.2
1.027.0
944.0 25.072.6
769.0 11.229.0
352.0
6.139.0
266.9
3.775.3
1.521.8 30.818.9
870.8
5.283.9
362.2
1.987.0
180.0
2.998.0
155.0
3.555.5
220,6
2.588.2
2.639.1 16.690.0
364.6
5.695.1
792.9
3.586.2
411.1
8.363.2
254.5
7.629.8
183,8
6.263.5
793.0
4.646.8
247.5
2.014.0
247.1
5.314.2
228,0
2.478.0
637.7
5.100.0
240.0
1.412.0
979.2 12.237.1
290.0
4.229.0
10.850.0
8.850.0
9.432.0
18.928.5
5.968.0
14.013.6
2.400.3
24.267.3
4.367.6
5.672.2
1.691.7
2.410.0
1.150.5
2.983.6
1.481.4
.3,611,8
17.142.0
19.812.1
5.685.3
10,265,8
2.643.0
14.135.6
6.356.6
2.327.4
5.499.1
19.076.4
3.140.0
3.111.4
2.448.4
4.219.6
2.018.8
3.243.0
8.984.6
5.782.8
2.233.5
26.367.0
26.897.1
1.216.8
23.722.4
8.190.0
5.048.0
2.949.7
28.394.4
4.756.1
1,680.0
2,620,0
2.949.0
2.753.6
13.048.7
5.102.8
2.920.4
2,770,3
6.291.1
5.004.5
3.500.8
1,841-, 1
4.650.8
2.300.0
4.398.0
1.560.0
11.103.1
4.065.0
S E C U R IT IE S .
New York City, Boston and Philadelphia Banks :
Capital <e
Surplus. Loans.
B an ks .
Capital. Surplus
A sk.
New York—6s, loan........ ....... 1893 102
S.C. (co n t.)—B r o w n c o n s o l.6 s .1 8 9 3
95
North Carolina—6s, old...........J&J
30
T e n n e sse e —6 s, o ld ..........1 8 9 2 -1 8 9 8
62
Funding act.......................... 1900
10
C o m jr o m is e , 3 - 4 - 5 - 6 S .......... 1 9 1 2
72
New bonds, J. & J . . . . 1892-1898 20
N e w s e ttle m e n t, 6 s ................ 191 3 1 0 5
1 07
3
Chatham RR ..................................
7
102
5 s ................................................... 1 9 1 3
99
Special tax, Class 1......................
3
7
3 s ................................................... 1 9 1 3
7 0% 71
Consolidated 4 s....................1910 9 7 ia 9 8ia V ir g in ia —6 s, o l d ..................... ..............
6s............................................ 1919 1 23 1 27
6 s, c o n s o lid a te d b o n d s ...................
Rhode Island—6s, cou.. 1893-1894 102
6 s, co n s o lid a te d , 2 d se rie s, re cts.
South Carolina—6s, non-fund.1888
2ia
6 s, d e fe r r e d , t ’ st r e c ’ ta, s ta m p e d
10
8
59,872,7 66,007,91476.671,0 1131521 60,520,9 53L 261.8
N. Y o r k . 1
Jan. 2 3 ....
“
3 0 ....
Feb. 6 ... .
13 ...
2 0 ....
Rosi o n .
....
Feb.
“
1 3 ....
“
2 0 ....
P h il a#*
Feb. . 6 ... .
|t 1 3 ....
20 .
9
125,380,6
125,380,6
125,380,6
125,380,6
125,380,6
6
9
447,202,6
453,582,7
460,653,6
466,291,3
476,571,0
Specie.
Legale.
$
1104024
1131926
1119922
1129355
1131621
$
46,968,6
50.206.8
50,293,4
51,111.3
50,520,9
64,642,9 160,725,6 9,307.0
64,642,9 160,446,6 9.793,5
64,642,9 159,746,3 10,125,1
35,793,7
35,793,7
35,793,7
9
497,472,4
509,514.0
515,376.7
521,571,9
531,261,8
9
5,566,7
5,488,3
6,532,1
5,548,5
5,457,7
$
790,342.2
763.804.4
813.713,2
878,810.2
837,372,0
6,164,8 144,730,5 4,187,8 105,645.1
6,114,3 144,328,3 4,212,0 92,108,0
6,014,1 143,412,4 4,239,2 88,806,0
35,982,0
36,307,0
37,500,0
96,014,0
96,776,0
97,369,0
Deposits,t Circ,l'n Clearing'.
105,076,0 3,337,0
105.727,0 3,338,0
107,856,0 3,324,0
79.526,3
91.233.0
87,218,2
* W e omit two ciphers in all these figures. t Including, fo r B oston and
JelDhla. the item “ due to other banks.”
P b ila
City Railroad Securities—Brokers’ Quotations.
Atlantic A v ., B ’k ly n .S t’k.
Gen. M .,5s, 1 9 0 9 ...A & O
Bl’ck erS t. & F ui. F.—Stk.
l s t m ort., 7s., 1900-,J& J
Br’ dway & 7th A v.—St’k ..
l s t m ort., 5s, 1904 .J& D
2d m ort., 5s, 1914. ..J & J
B’w ay ls t , os, g u ____’ 24
2nd 5s, int. as rent., ’05.
Brooklyn City—S to ck .......
B ’k ly n cro s st’n 5s., 1908
Bkn.O’y & N ’nôs, 1938. J & J
Central Crosstown—St’k ..
l s t mort., 6s,1922.M & N
Cent. P k.N .& E .R iv .—Stk.
Consols.7s, 1902 ...J & D
Ory D k.E.B.& B at’y —Stk.
l s t m ort., 7s, 1893.. J& D
110
100
27
112
195
104
102
103
93
176
108
101
135
115
120
115
115
100
Ï02
29
115
200
106
104
__178
110
102
___
117
il7
117
103
D ry D ock E . B ’y & B .—
S c r ip .................................. 100
<220
E ig h th A v .—Scrip, 6s, 1914 105
42d & Gr’nd St. F ’ry —Stk. 250
1st m ort., 7s, 1 8 9 3 .A & O 102
42d St. Manh.& S t.N .A ve. 40
1st m ort., 6s, 1910.. M&S 110
2d M,, incom e, 6s___ J& J 49
H oust. W .S t.& P .F ’y —Stk. 200
1st m ort., 7s, 1 8 9 4 ..J& J 100
N inth A y e _______________ 110
S econd A v e .—S to ck .......... 98
1st m ort., 5s, 1909. M&N 100
S ixth A v e .—S to c k .............. 200
T hird A r e .—S t o o k ............ 225
1st M ., 5s, 1937.......J& J 108
Tw enty-third St.—S to c k .. 260
1st m ort. 7s. 189 3 .......... 102
101
109
105
41
112
51
107
120
101
103
230
111
104**
Bank Stock List—Latest prices o f bank stocks this week.
BANKS.
Broad w a y . . .
Sutch8’& D r.
C h e m ica l.-..
Citizens’ .......
B id. A sk.
206
125
305
272
182
128
425
420
4400
480
155
250
210
155
312
280
187
135
BANKS.
German E x .
Germania___
G reenw ich ..
(Hud. R iv e r ..
430
4800 Im . & T rad’ s’
Ir v in g ...........
500
L eath er M fs ’
165
L in c o ln .........
185
130
M a rk e t* Ful
255
M ech a n ics’ . .
C ontin ental. 125
Corn E x o h ... 250
115
gast R iv e r .. 160
200
2000
F ifth.............. 320
2500
First N., S. I . 108 115
170
F ou rth ........... 186 195
rTt#
M erca n tile...
'M erch ’ts E x .
N assau..........
B id .j A sk.
315
400
120
3Ö5
330
150
345
145
545
180
242
400
180
220
187
180
225
154
124
10%
380
260
300
165
36Ó
BANKS.
240
190
310
290
125
120
170
172
325
125
150
110
108
100
105
200
122
225
220
325
P a r k ..........
19Ò
260
1R|§
225
190
220
230
155
Ì3Ò
11
B id. A i k
233
605
N .Y .N a t.E x . 130
N in th .......... 107
19th W ard .. 160
165
P h e n ix .... ..
S e a b o a rd ___
Shoe& Leath.
State o f N .Y .
T hird
W e st S id e .-.
112
130
123
ISO
160
112
105
125
THE
F e b r u a r y 2 7 , 1 89 2 . J
59
CH RO N ICLE
BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
Sales
of the
Week,
E3P S h a re P r ic e s — n o t P e r C e n tu m P r ic e s .
Active Stocks.
If Indicates unlisted
Saturday,
Feb. 20.
Monday,
Feb. 22.
38% 39%
j&tch. T. & S. Fe ( B oston). 100 39% 3938
Atlantic & Pac.
“
100
Baltimore & Ohio (B a lt ) . 100 95% 95%
1st preferred
“
100
2d preferred
“
100
.Boston & Alb any f Boston J.100 201% 201%
'Boston & Lowell
“
100 175 175
Boston & Maine
“
100 166 166
17%
17
Central of Mass.
“
100
Preferred
“
100 34% 35
rOhio.Bur.&Quin.
“
100 1104% 108
Chic. Mil. & St. P. (P h il.). 100 77% 78
■Ohio. & W. Mich. (B oston). 100
6
Oleve. & Canton
“
100 ★
19
Preferred....
“
100 19
«Fitchburg pref.
“
100 85% 85%
FL & Pere Marq.
“
100
Preferred
“
100 *80
Sunt. & Br. Top. (Phila ) . 50 28% 30
50
Preferred
“
50 49
.Lehigh Valley
“
50 59% 59%
*115
Maine Central (B oston). 100
^Mexican Central
“
100 19% 19%
<N. Y. & N. Eng.
“
100 50% 51%
Preferred....
“
100 105 106
Northern Central (B a lt.). 50 *68%
'Northern Pacific (P h ila .). 100 23% 23%
Preferred
“
100 67% 68
Old Colony.. . . (B oston). 100 170 170
Pennsylvania.. (P h ila .). 50 54% 55%
37%
-Philadel. & Erie.
“
50 x37
■Phila. ¿R eadin g
“
50 29% 29%
7
7
Summit Branch (B oston). 50
46%
XTnion Pacific
“
100 46
United Cos.of B .3 .(Phila. )100 *226
9% 9%
Westerns. Y. &Pa(Phila. 1.100
jm s c e lla n e ^ u s S t o c k s .
A m . Sug’rRefln. IT(B oston) ___
Preferred........
“
'.Sell Telephone..
*•
100
Bost. & Montana
“
25
Butte& Boston..
“
25
-Calumet & Hecla
“
25
Canton Co.......... (B a lt.). 100
Consolidated Gas
“
100
■Brie Telephone (B oston). 100
Lamson Store Ser. “
50
JLehi’hCoal&Nav 'Phil./ 50
N.Eng. Telephone (Bost’n ) 100
.North American. (P hil.) .100
-Themson-H’n El. .(B ost'n) 25
Preferred.......... “
25
West End Land..
“
__
* Bid and asked prices;
95% 96
201
174%
165
17
35
101
77%
49
201
174%
165%
17
35
104%
78%
49
6
21
*18
85% 85%
80%
31%
50%
58%
Prices o f Feb. 26.
.Atlanta & Charlotte (Balt.). 100
Boston & Providence (Boston). 100
Cam den&Atantiopf. (Phila.). 50
“
50
. -Catawissa..................
1st preferred........
“
50
2d preferred..........
“
50
(Balt.). 50
ce n tra l Ohio........
Chari. Col. & Augusta
“
100
Connecticut & Pass. (Boston). 100
Connecticut R iver...
“
100
Delaware & Bound Br. (Phila.). 100
Har.Ports.Mt.Joy&L.
“
50
-Xan. C’ yFt.S.&Mem. (Boston). 100
Preferred................
“
100
K. City Mem. &Birm .
“
100
Little Schuylkill....... (Phila.). 50
.Manchester & Law.. (Boston). 100
Maryland Central___
(Balt.) 50
•Stine Hill & S. Haven (P hila.). 50
NesquehoningVal__
“
50
NorthernN. H........... (Boston). 100
North Pennsylvania. (Phila.). 50
Oregon Short L in e ... (B oston). 100
Parkersburg...............
(Balt.) 50
Pennsylvania & N. W. (Phila.) 50
Raleigh & Gaston___ (Balt.) 100
Rutland....................... (Boston). 100
Preferred................
io o
'Seaboard & Roanoke. (Balt.) 100
1st preferred.......... .
<>
io o
*WestEnd..................... (Boston). 50
Preferred....................
“
50
West Jersey.................(Phila.). 50
West Jersey & Atlan.
“
50
Western Maryland.. (Balt.). 50
Wilm. Col. & Augusta
“
100
-Wilmingt’n&Weldon
“
100
. Wisconsin Central... (Boston). 100
Preferred....................
“ 100
Worc’st.Nash.&Roch.
“
100
Bid.
Ask.
96
95
254%
30
25
9*9
60%
59%
52
25
120
180
165
45
117
22
69*9
53
69%
84
28*9 28%
4 6 *9
"6*5
4*9
70
73*4 73*9
85
85%
59
t 16
15
16
107
100
80%
32%
51%
59%
19% 19%
50
50%
103% 105
69
69
24
24
67% 68%
170%, 170%
55% 55%
36% 37%
2 í>í *im
6%
46% 47 '
226 226
9%
9%
*82% 93%
93% 93%
209 209%
*32% 33%
14%
14
x254 254
*64% 65
*48
43%
45
45
*15%
54% 5 4 %
52
52
15% 16%
58% 58%
28% 29 *2
183s 18%
no sale was made.
Inactive Stocks.
Tuesday,
Feb. 23.
82% 82%
93% 93%
209 209
33
33
14
14
254 254
64
64
47% 48%
*44
16
16
54
54%
*51
1578 16
57% 53%
28% 28%
18% 18%
II Lowest is
Wednesday,
Feb. 24.
38% 38%
4%
4%
96% 97
38% 39%
95% 95%
135 135
201%
*174%
165
*16%
35
103%
77%
*48
201%
175
165
17%
35
105
78%
49
6
20
*18
85% 86%
20Í% 202
*174% 175
165 165
*16% 17%
35
35
104 104%
78%
77%
48
43
*5% 6
19
19
86%
86
Range of sales in 1892.
Lowest.
38% 38% 36,592 373s F eb .
130 4% Feb.
4%
4%
1,850 84 Jan.
96% 96%
35 130 Jan.
*134
116 Jan.
*119
162 199 Jan.
202 202%
62 173 Jan.
174% 174%
82 159 Jan.
165 165
800 16 Jan.
*16% 17%
645 33 Jan.
35
35
104 104% 11,692 10378 Feb.
7,100 77 Feb.
77% 78
50 48 Feb.
48% 48%
5% Feb.
500
5%
5%
110 19
Feb.
*18
81%
Jan.
530
*85% 86
80 75*9 Feb.
80
*80
31% 9,882 25% Jan.
32
31
7,300 46*2 Jan.
53% 53% 53%
7,000 50% Jan.
58
57% 58%
*
114%
7 115 Jan.
115 *
2,060 1878 Feb.
19%
19%
*19
19%
19%
49% 48% 49% 16,372 4230 Jan.
50% 48
3,389 97 Feb.
99
98 101
102% 97
28 68 Jan.
69
*68% 69% *68
70
......
787 233a Feb.
24% 23% 24
*23%
8,841 65% Jan.
67% 67% 67%
68% 67
87 164*9 Jan.
170% 170% 170% 170%
12,923 54% Feb.
55% 54% 55
55% 55
4,747 32 Jan.
37% 37% 37% 37% 38%
37
28*5,8 29% 28*1,6 29% 29 2 9 V 72,970 19*3»g Jan.
6 Feb.
375
6%
6%
6,618 443s Feb.
46%
45% 46% 45% 46% 46
34 225 Jan. 8
226% 226%
*226
*226
8 Jan. 19
3,675
9%
9%
9%
9%
9%
9%
80
30%
52%
58
115
19
49%
100
*68%
24
67
*170
55
80
33
53%
59
80
30%
53
57%
83% 83% 83%
93%
93% 93
209% 209 210
32% 32%
33
14
14
14
255 *254
66
66 *
48% 48%
48
44% 44%
15% *15% 16
54% 53% 53%
52
52
16
16% *15%
57% 58
58% 53%
28% 28% 28% 28%
18% 18% 18% 18%
ex div. and rights.
*82%
93
209%
33
13%
251
*64
48
*44%
15%
53%
Inactive stocks.
Bid.
83% 83%
93
93%
209 209
32% 32%
13% 14
260 260
65%
*65
49%
49
46
"45
15% 15%
53% 53%
*51% 52%
15% 15%
58
58%
28% 29
18% 18%
Ask.
7858 Jan.
90*9 Jan.
201 Jan.
3 1 Feb.
13% Feb.
253 Feb.
60% Jan.
43 Jan.
12 43*9 Jan.
95 14hj Feb.
1,919 48*9 Jan.
13 50% Feb.
1,625 15% Jan.
4,802 4978 Jan.
1,484 26% Jan.
1,780 16% Jan.
378
441
168
1,003
1,165
78
150
1,035
Highest.
46% Jan.
5% Jau.
97 Feb.
135 Feb.
116 Jan.
202 Feb.
175*4 Feb.
167 Feb.
18 •Jan.
38 Jan.
110% Jan.
83% Jan.
53*9 Feb.
8 Feb.
23 Jan.
86*4 Jan.
4
5
25
15
18
25
4
15
8
9
28
7
3
12
4
4
8 6 % Jan. 16
33 Feb.
53% Feb.
62*9 Feb.
117 Jan.
24% Jan.
56 Feb.
114*9 Jan.
69 Jan.
26*9 Jan.
72% Jan.
170% Feb.
57% Jan.
3978 Feb.
34% Feb.
7 Feb.
50*4 Jan.
226 Jan.
10% Feb.
24
24
11
16
4
11
9
25
5
2
23
2
19
11
15
88% Jan.
94*9 Jan.
Jan.
4078 Jan.
17*9 Jan.
267 Jan.
65*9 Feb.
51*4 Feb.
47 Jan.
17 Jan.
55% Feb.
52 Jan.
18% Jan.
62% Feb.
29% Feb.
19% Feb.
7
29
15
4
5
30
15
8
7
4
15
5
2
•
9
15
210
Bonds.
4
5
18
Bid. Ask,
Penna. Consol. 5s, r ........1919, Var 113
Collat. Tr. 4% g ...........1913, J&D t 99
Pa. & N. Y. Canal, 7 s .. .1906, J&D 123
113 115
Consol. 5s.............................. 1939,A&O1
Perkiomen, 1st ser., 5s.1918, Q—J 103%
Pnila.&Erie gen. M. 5g.,1920, A&O 114
Gen. mort., 4 g .......... 1920, A&O 99% 9 9 %
87
Phila & Read, new 4 g., 1958, J&J
1st pref. income, 5 g, 1958, Feb 1 76% 76%
2d pref. income, 5 g, 1958, Feb. 1 6 6 % 66 %
3d pref. income, 5 g, 1958.Feb. 1 59% 60 ,
106
2d, 7s.................................... 1893,A&O
131
Consol, mort. 7s......... 1911, J&D
Consol, mort. 6 g .. . . . . 191L, J &D
105%
ImprovementM. 6 g., 1897, A&G
Con.M.,5 g..stamped,1 9 2 ^ M&N 103% 104
Phil. Wilm. & Balt., 4s. 1917, A&O, 96 100
Pitts. C. & St. L., 7 s ....1900, F&A 113 116
Po’keepsie Bridge, 6 g. 1936, F&A 70 __ . . .
108
Schuyl.R.E.Side.lst 5 g.1935, J&Di
Steuben. &Ind., 1st m. ,5s. 1914, J &J 106
103
United N. J., 6 g ......................1894,A&O
Warren & Frank.,1st,7s,1896,F&A 105
B o n d s .-'-B a ltim o re .___ __
Atlanta & Chari., 1st 7s, 1907, JfeJ 120% 121
Income 6s................. .1900, A&O 101
Baltimore & Ohio 4g., 1935, A&O 101 102 %
Pitts. & Conn., 5 g ...l9 2 5 , F&A 106
Staten Island, 2d, 5 g.1926, J&J
Bal.&Ohio S.W.,1st,4%g. 1990, J&J* 103% 103%
CapeF.AYad.,Ser.A.,6g.l9 L6, J&D ........ 1 0 0
98
Series B., 6 g ............... 1916, J&D
99
Series C., 6 g ........... ..1916, J&D
103%
Cent. Ohio, 4% g ............1930, M&S
Chari. Col.&Aug. 1st 7 s.1895, J&J 103 106
Ga. Car. & Nor. 1st 5 g. .1929, J&J 103% 103%
North. Cent. 6s............... 1900, J&J' 112 %
6s............................ ....1 9 0 4 , J&J 116 117%
Series A, 5s..................1926, J&J 109% 110
*% 8 .................... ......1 9 2 5 , A&O
100% Oxf. &C1ark. ,int. gu., 6 g.l937,M&N
Piedm.& Cum.,1st, 5 g.1911, F&A 98 1 00
Pitts. & Connells. Ist7 s.l8 9 8 , J&J 113% 114%
105% Virginia Mid., 1st 6 s ...1906, M&S 118
2d Series, 6s.................1911 M&S 117
3d Series, 6s............... 1916, M&S 109
4th Series, 3-4-5s.......1921, M&S 80
5th Series, 5s..............1926, M&S 104 105%
West Va. C. & P. 1st, 6 g.1911, J&J 109% 109%
89
West’LN.C. Consol. 6 g.1914, J&J 85
130
Wilm. Col. & Aug., 6 s..1910, J&D 118%
Thom.Europ.E.WeldU (Boston) 100 12 % ” l5 ~
4
Water Power.................
“ 100
3%
Westing. El. tr. rec.1T
“
50 1478 15%
B o n d s —B oston .
At.Top.&S.F.100-yr.4g.,1989, J&J 81% 82%
100-year income 5 g., 1989.Sept. 60% 60%
Burl. & Mo. River Exempt 6s, J&J
Non-exempt 6s........... 1918, J&J
Plain 4s........................ 1910, J&J
Chic. Burl. & Nor. 1st 5,1926, A&O 103% 103%
2d mort. 6s.................1918, J&D ,103 103%
103
Debenture' 6s............. 1896, J&D
Chic. Burl.&Quincy 4s..1922, F&A
91
93
92
Iowa Division 4s.......1919, A&O
Chic.&W.Mioh. gen. 5s, 1921, J&D
97
95%
Consol, of Vermont, 5s. 1913, J&J 95
Current River, 1st, 5s..1927, A&O
Det. Lans.&Nor’nM. 7s.1907, J&J >108 108%
E astern 1st mort. 6 g., 1906, M&S 122
Eree.Elk. &M. V.,lst, 6S.1933, A&O 123
Unstamped 1st, 6s— 1933, A&O
K.C.C.&Spring., 1st, 5g., 1925, A&O
K. C. F. S. & M. oon. 6s, 1928, M&N 107 107%
K.C. Mem. & Bir.,1st,5s,1927, M&S 61
K.
C. St. Jo. &C. B., 7s.. 1907, J&J123
95%
L. Rock & Ft. 8., 1st, 7s.. 1905, J&J
Louis.,Ev.&St.L.,1st,6g.l926, A&O
110
2m., 2—6 g .................1936, A&O 91%
Mar. H. & Ont., 6s.......1925, A&O ¡100 105
Exten. 6s....................1923, J&D >100
Mexican Central, 4 g ...1911, J&J 70
70%
1st consol.incomes, 3 g, non-oum. 35
20
2d consol, incomes, 3s, non-oum.
121%
N. Y . & N.Eng,, 1st, 7s, 1905, J&J
114
1st mort. 6s................ 1905, J&J
2d mort. 6s.................1902, F&A 105% 106%
2d mort., scaled, 5s... 1902, F&A
Ogden. & L. C., Con.6s.l920.A&0&
In c. 6 s ......................... . . . . . . . 1 9 2 0
18*9 Rutland, 1st, 6s.......... .1902, M&N
2d, 5 s . .. ................... 1898,F&A
B o n d s .—P h iladelp hia
Allegheny Val.,7 3 10s, 1896, J&J
M ISCE LLAN EO U S.
Allouez Mining........ (Boston). 25
1*4 Atlantic City 1st 5s, g., 1919, M&N
Atlantio M in in g......
“
25
9*9 Belvidere Del., 1st, 6 s..1902, J&D
-City Passenger R R ... (Balt.). 25
Catawissa, M., 7 s ......1 9 0 0 , F&A
:Bay State Gas............(Boston). 50
28*2 287s Char. Cin.& Chic.lst 5g, 1947, Q—J
Boston Land.............
Clearfield & Jeff., 1st, 6s. 1927, J&J
T~~J’
tf
10
6*2i
7
Centennial M ining...
“
10
8
8*4 Connecting. 6s........ 1900-04, M&S
Fort Wayne Electric^ “
25 13*4 13*9 Del. & B’d Br’k, 1st, 7s. 1905,F&A
Franklin Mining.......
«
25 11
11*9 Easton & Am. lstM .,5s.l920, M&N
Elmir. & Wilm., 1st, 88.1910, J&J.
F re n ch m ’n ’s B a y L ’n d
“
4
5
Huron Mining............
“
Hunt. & Br’dTop,C on.5s.’95,A&O
25
Illinois Steel if............
«
Lehigh Nav. 4 % s.------- 1914, Q—J
100
79
Kearsarge Mining.. . .
“
25 10*4 10*9 2d 6s, gold..................1897, J&D
Met. Trac. Co.............(P hila.) ......... t i l l 112
General mort. 4%s, g. 1924,0—F
Morris Canal guar. 4. (Phila.) .100 76
Lehigh Valley, 1st 6 s ...1898, J&D
Preferred guar. 10. “
io o 198
2d 7s............................ 1910, M&S
Consol. 6 ......................1923, J&D
28*2 28%
44 100 188
Pullman Palace Car..
190 North Penn. 1st, 7s---- 1896, M&N
Quincy Mining..........
Gen. M. 7s....................1903, J&J
25
ii
Mainarack Minin er___
Pennsylvania gen. 6s, r.,1910, Var
25 150 155
Thomson Ele. Weld’g.
L
Consol.
6s, c
........... 1905, Var
100 55
60
1 Last price this week.
H Unlisted. § And accrued interest.»
18
Friday,
Feb. 26.
Thursday,
Feb. 25.
¡100%
109%
105
111%
116%
118
109
118
M ISCE LLAN EO U S.
Baltimore—City Hall6s. 1900, Q—J
Funding6s..................1900, Q—J
109%
West daryl’d RR. 6 s ..1902, J&J
110% 111
Water 5s.................... 1916, M&N
101 101 %
114% Funding 5s................. 1916, M&N
Exchange 3 % s ........1 9 3 0 . J&J
136
Virginia (State) 3s, new. 1932, J&J
129%
Chesapeake
Gas, 6s.......1900, J&D
113 114
Consol. Gas, 6s............... 1910, J&D
127
5 s .................................. 1939, J&J
131
122 % Equitable Gas, 6 s ......1 9 1 3 , A&O
102%
126
102 103%
72%
72
108 109
112% 113%
99% 100
109 I1 1 0
B60
THE
CH RONICLE
[V ol LTV,
NEW YORK STOCK EXCHANGE PRICES (Continued).—ACTIVE BONDS FEB. 2 6 , AND FOR YEAR I S 9 2 .
K a il r o a d
and
Glos'ng
M is c e l . B o n es Intends P ric e
P erio d . Feb. 26
H ighest.
L ow est.
1 11 % J an .
8 4 Jan .
66% Jan.
74 Jan.
14% Jan .
115 F e b .
107% F e b .
104% F eb .
85 F e b .
117 F e b .
122 Jnn.
1123a F e b .
111% F eb .
9 8% F e b .
108 F eb .
110% J a n .
118% F e b .
1 06 J a n .
78 J an .
79 J an .
123% F eb .
103% Jan.
1 1 4 J an .
9 1 % F eb.
9 1 % Feb.
115 F eb .
122% Jan .
102% F e b .
1 0 2 % F eb .
5 3 % F eb .
91 F eb.
1 28 % F eb .
1 1 4 % F eb .
1 16 F eb .
107% F e b .
102% F eb.
105% Feb.
105 F eb .
89 F eb.
1 1 4 F eb .
1 4 0 J an .
125 F e b .
118 J an .
109 % F eb .
1 07 % F eb.
1 06 F eb .
100 % J an .
9 9 F eb .
1 2 4 F eb .
103 F eb .
9 8 % F eb .
1 0 5 % F eb.
121 Jan .
9 2 % F eb.
1 3 0 J an .
1 20 Jan .
83
F eb.
3 4 % Feb.
103% J an .
7 4 J an .
9 2 % F eb .
96
F eb .
1 17 % F e b .
81
F eb .
8 0 F eb .
4 2 % Jan .
9 8 Jan .
9 6 % Jan .
100 F eb .
108 J an .
9 2 J an .
102 J an.
9 7 % F eb .
1 1 8 % F eb.
1 0 2 % F eb .
1 2 5 % F eb.
8 2 J an .
9 6 F eb .
8 4 J an .
1 00 J an .
8 4 % J an .
I ll
F eb.
121% F eb.
1 23 % F eb.
1 1 5 F eb .
9 4 % F eb .
1 15 F e b .
119
F eb.
110 Jan .
1 1 6 Jan .
8 0 % Jan .
1 01 J an .
111 F e b .
103 F eb .
9 6 % J an .
1 1 8 % F eb.
1 09 F eb .
1 2 3 % J an .
1 07 J a n .
1 25 J an .
108% J an .
8 1 % F eb .
5434 J a n .
1 0 8 % F eb .
1 15 J an .
1 0 0 Jan .
06 F eb.
N o t e — “ b ” in d ica te s p r ic e bid ; “ a ” p r ic e a s h e d ; th e R a n g e is m a d e
Q -F
J & J
S ept.
..............
J & J
A & O
J & J
m & e
.............
Q—J
M& n
J & J
Q—M
M & N
J & J
J & J
A & O
M & N
J & J
J & J
J & J
M& N
M & g
F & A
M & N
J «fe D
A& O
M & N
M & N
O ct’ b ’r
109%
8 1%
6 0 b.
1 2% a .
7 1% b .
1 15 b.
1 07 b.
104
82%
1 16% b.
122 b.
111%
110 %
9 8 b.
1 06 b.
10912b.
1 19 a.
1041*3
7 6 78
* 8 1 a.
1 2 2 %b.
1031a
1 1 0 % b.
9 1% b .
8 9 b.
114 % a .
12 0 b.
1 0 7 % J an .
8 1 % F eb .
5 8% F eb ;
7 1 % F eb.
A tl. & P a c —W .D . i
.1 9 3 '
12
Feb.
. G u a ra n teed , 4 g .
Ill
J an .
1 05 % Jan .
101 Jan .
7 4 % Jan .
115 Jan .
C e n tra l o f N. J .1 2 0 Jan .
1 0 9 % Jan .
1 09 % Jan .
9 4 Jan .
d o . m o r tg a g e , 5 s ........
1 0 5 % Jan .
A m . D o c k & I m p ., 5 s ___ 1921
C e n tra l P a cific—G o l d ,6 s ..1 8 9 8
109% J an .
1 1 5 % Jan .
G hes. & O h io—M o r t., 6 g . .l 9 1 1
1 0 3 % Jan .
1 s t c o n s o l.,5 g ................... 193 9
R .& A .D iv .,1 st c o n .,2 -4 g. 1988
7 6 Jan .
do
2 d c o n ., 4 g . . . 1989
7 5 % Jan .
C h ic . B u rl. & Q.—C on ., 7 8 .1 9 0 3
121 % Jan.
D e b e n tu r e , 5 s ..................... 1913
101 Jan .
110 % F eb.
C o n v e r tib le 5 s.................... 190 3
9 1 % F eb.
D e n v e r D iv is io n , 4 s ........ 1922
. N eb ra sk a E x te n s io n , 4 s .l9 2 7
8 9 Jan .
C hic. & E . 111.— 1 s t,s .f .,6 8 .1 9 0 7
1 1 2 % Jan .
C o n s o l., 6 g ..................... . ..1 9 3 4
122 Jan .
102
G e n e ra l c o n s o l. 1 s t ,5 s . . 1937
9 7 J an .
1021*
C h ic a g o & E r ie — 1 st, 4-5 g .1 9 8 2
9 7 % Jan .
52
4 8 Jan .
^ .In co m e , 5 s ...... ....................198 2
9 0%
C h ic. G a s L . & C — l s t , 5 g . l 9 3 7
8 6 Jan .
1 2 5 b. 1 2 5 % Jan.
C h ic. M il. & St. P .—C on. 7 s . 1905
113 b. 1 12 % Jan.
1 s t, S ou th w es t D iv ., 6 s .190 9
&
115 %b. 113 % Jan .
1 s t, So. M in. D iv ., 6 s ___ 1910
&
107
ls t .C h .& P a c .W .D iv ., 5 s .1921
106 Jan .
&
101 % 100% Jan.
C h ic. & M o .R iv . D iv ., 5 s .1926
&
*105 b. 103 Jan.
W is. & M inn . D iv ., 5 g .,1 9 2 1
&
1 05 b. 1 03 Jan.
T e rm in a l, 5 g ..................... 1914
&
8814b. 8 6 % Jan.
G en . M ., 4 g . , series A . . . 198 9
& D 1 1 3 1 2 b. 111 % Jan .
M11.& N or.— 1st, co n ., 68.1913
C h ic. & N .W .— C on sol., 7 s . . 1915 Q - F
1 3 7 V 1 3 7 F eb .
C o u p o n , g o ld , 7 s ................1 90 2 J & D I 2 4 I4
1 23 % Jan .
S in k in g fu n d , 6 s ................ 1929 A & O 11838b. 1 16 Jan .
-Sinking fu n d , 5 s ................192 9 A & O 109 b. 108 J an .
S in k in g fu n d d eb eu ., 5 s . 1933 M & N 1 0 7 b. 105 % Jan .
2 5 -y e a r d eb en tu re, 5 ___ 190 9 M & N 1 06 b. 1 0 4 % F eb .
E x te n s io n , 4 s . ................... 1926 F & A 9712
9 6 Jan .
C h ic. P e o . & St. L ou is—5 g . 192 8 M & is 9 8 b. 9 7 % Jan .
C h ic. R .I . & P a c.—6s, c o u p .1 9 1 J & J 1 2 2 b. 1 21 J an .
E x t e n s io n a n d c o l . , 5 s . . . 1934 J & J IO 212 1 0 1 % Jan .
,3 0 -y e a r d eb en t. 5 s........... 1931 M & S 98
9 5 J an .
C h ic. S t ,L .& P it t .-C o n .,5 g .l9 3 2 A & O 1 05 b. 1 05 Jan .
C h ic. St. P . M. <feO.—6 s ___ 1930 J & D 1 2 0 b. 1 20 F e b .
C le v e la n d & C an ton —5 . . .1 9 1 7 J & J 9 0 isb . 88 Jan .
C . C. C. & I .—C o n s o l., 7 g .1 9 1 4 J & D 128 b. 128% J an .
G e n e ra l c o n s o l., 6 s ........ 193 4 J & J 121 i2 b. 1 1 8 % J an .
C.C. C. & St.L .—P e o . & E . 4 s . 1 94 0 A & O 8 2i2
8 0 J an .
I n c o m e , 4 s .......................... 199 0 A p ril. 3 2 b. 3 0 % Jan .
C ol. C oa l & I r o n —6 g ..........190 0 F & A 101% 101
F eb.
C o l. M id lan d —C on ., 4 g . ,.1 9 4 0 F & A 7 0
7 0 % F eb .
C ol.H .Y a l.& T ol.— C o n .,5 g . 1931 M & 8 9 1 %
8 7 % Jan .
G en era l, 6 g ......................... 1904 J & D 9 5 b. 9 3 Jan .
D e n v e r & R io G .—1st, 7 g .1 9 0 0 M & N 11738b 1 1 6 % Jan .
1 s t c o n s o l.,4 g ................... 193 6 J & J 8 0
7 7 % J an .
D e t .B . C ity & A lp en a —6 g .1 9 1 3 J & J 8 0
7 0 J an .
D et. M a c. & M .—L ’d g ra n ts .19 1 1 A & O 3 8 b
3 8 % Jan .
D u l. & I r o n R a n g e —5 s ___ 193 7 A & O 100 b 9 5 J an .
D u l. So. Sh. & A tl.—5 g . . . .1 9 3 7 J & J 9512a, 9 5 % J an .
E .T e n n .V & G .—C on ., 5 g . l 9 5 6 M & N 9 5 b 9 6 J a n .
K n o x v ille & O h io, 6 g . . .1 9 2 5 J & J 1 0 7 a, 1 0 4 Jan .
E liz . L e x . & B ig San.—6 g .1 9 0 2 M & S 8 0 b, 82 Jan.
E t. W . & D e n v . C ity—6 g . . l 9 2 1 J & D 101 b, 9 8 % J an .
G a l.H .& S a n A n .-W .D iv .ls t ,5 g. M & N 96iab, 9638 J an .
H a n . & St. J o s .—C ons., 6 s . 1911 M & S 118 a. 1 17 J an .
I llin o is C en tra l— 4 g ............1952 A & O 1 02 a, 9 6 % Jan .
Lat. & G t. N o.— 1 st, 6 g ___ 191 9 M & N 1 2 5 %
118 J a n .
C o u p o n , 6 g ., tru s t r e c . . l 9 0 9 M & S 7 9
7 6 J an .
I o w a C en tra l—1st, 5 g ........1938 J & D 9 4 %
89% Jan.
K e n tu c k y C en tra l— 4 g . . . . 1987 J & J 8 3%
8 1 J an .
K in g s C o. E l.—1 st, 5 g ___ 192 5 J & J 98
9 8 F eb .
L a c le d e G as—1 st, 5 g ..........191 9 Q - F
81%
81% F eb.
L a k e E rie & W est.—5 g ___ 1937
& J 109%
107% J an .
L . S h ore— C on. c p ., 1 st, 7 s . 1900 J & J 1 20 b. 1 20 Jan .
C on sol, c o u p .,2 d , 7 s ........1903 J & D 1 22% b. 1 21 % F eb .
L o n g I s l’ d —1 st, c o n ., 5 g . .1 9 3 1 Q - J 1 1 4 b. 114 F eb .
G en era l m o rtg a g e , 4 g . .1 9 3 8 J & D 9 3 %
9 1 Jan .
L ou is. & N ash.—C ons., 7 s . 1898 A & O 1 14% b. 1 1 4 J an .
N .O . & M ob . 1 st, 6 g ........1930 J & J 119 b. 1 17 % Jan .
do.
2 d , 6 g ..........1930 J & J 1 1 3 a. 108 Jan .
G en era l, 6 g ......................... 193 0 J & D 1 1 6 b. 1 15 % Jan .
U n ified , 4 g ......................... 194 0 J & J 7 9 b. 7 8 % Jan .
N a sh .F l.& S h .— 1 st g td .5 g .’ 37 F & A 9 7% b . 9 8 F eb .
L o u is . N .A . & C h .—1 st, 6 s . 1910 J & J I l l b. 1 0 8 % J an .
C o n s o l., 6 g ......................... 191 6 A & O 102 % 1 00 % Jan .
L o u is . St. L . & T e x a s —6 g .1 9 1 7 F & A 93
8 7 % Jan .
M e t r o . E le v a te d —1st, 6 g .1 9 0 8 J & J 118% a. 113 % Jan .
2 d , 6 s ......................................189 9 M & N 1 0 9 a. 1 0 5 % Jan .
M ie n . C en t.—1 st, co n ., 7 s . . 190 2 M & N 1 23 b. 1 2 1 % Jan .
C o n s o l., 5s ........................1 9 0 2 M & N 1 1 06 % b . 106% F eb.
S fil.L a k e S h . & W .— 1 s t ,6 g . 1921 M & N 1 24 b. 1 2 3 Jan .
E x t e n . & I m p ., 5 g ..........192 9 F & A 1 0 3 b. 1 0 6 J an .
S L K . & T .—1 st 4 s, g ..........1 99 0
& D 80%
7 9 % Jan .
2 d 4 s, g .................................1 99 0 F & A 4 8 %
4 6 % Jan .
M o . P a cific— 1 st, c o n ., 6 g .1 9 2 0 M & N 1 07 b . 1 0 7 J an .
3 d ,7 s ...........................
1906 M & N 1 15 b.|112% Jan .
P a c . o f M o.—1st, e x .,4 g .l9 3 8 | P & A 9 8 %
9 8 % F eb.
2 d e x t e n d e d 5 s ...........1938>J & J 1 04 % b . 11023s Jan.
R a il r o a d
and
\OtoPng R a n g e (s a le s )
in 1 8 9 2 .
,
Price — ,________ _______
Period. Feb. 26
L ow est.
Highest,
M is c e l . B o n d s , Interest
M obile & Ohio— N e w , 6 g . ,1 9 2 7 J & D ¡1 1 6
1 12 F e b .
G e n e ra l m o rtg a g e , 4 s. ..1 9 3 8 M & Si 65%
6 3 F eb .
N ash. Ch. & S t.L .— 1st, 7 S .1 9 1 3 J & J jl2 6 % b 126 % Jan.
C o n ., 5 g . . . . . ..................... 192 8 A & O 1 0 5 % b 103 % Jan.
N .Y . C entral—E x t e n d ., 5 s .189 3 M & N 1 0 3 b 101% J a n .
1 st, c o u p o n , 7 s ....................190 3 J & J 1 25 %
1 2 3 % J an .
D e b e n .,5 s , c o u p ., 1 8 8 4 ..1 9 0 4 M & S 110 b. 1 0 8 % Jan .
N . Y . & H a rle m —7 s , r e g . l 9 0 0 M & N 1 22% b. 120 % Jan .
R . W . & O g d .— C on ., 5 s . .1 9 2 2 A & O 1 13% b. 112% J an .
N . Y . C hic. & St. L .—4 g . ,.1 9 3 7 A & O 9 7
9 5 Jan .
N . Y . E le v a te d —7 s ................190 6 J & J 1 1 3 b . 112 J an .
N .Y .L a c k . & W .— 1 s t ,6 s . . 1921 J & J 1 2 9 a. 1 25 Jan .
C o n s tru ctio n , 5 s ................ 192 3 F & A
1 1 0 J an .
N .Y .L .E .& W .^ -ls t,c o n .,7 g . 192 0 M & S 1 3 8 b. 1 3 5 % J an .
L o n g D o c k , 7 s . . . .............. 189 3 J & D 1 04 % b . 1 0 4 % J an .
C on sol., 6 g ....................... 1935 A & O 1 20 % b . 119 % J an .
2 d c o n s o l., 6 g ....................1969 J & D 1 0 7
1 06 % Jan.
N. Y . O nt. & W .—1 st, 6 g . . l 9 1 4 M & S 1 14 % b . 1 1 4 % F e b .
C on sol. 1st, 5 g ..................193 9 J & D 1 02 b, 1 0 0 J a n .
& J 1 0 4 % b 103 J an .
N .Y .8 u s.& W .— 1 st r e f., 5 g .1 9 3 7
M id la n d o f N . J ., 6 g . . . . l 9 1 0
& O 118% b, 116% Jan .
N o rf. & W .— 1 00 -y ear, 5 g .1 9 9 0
& J
95 Jan.
M d.& W ash . D i v .- l s t ,5 g.1941
& J 92
91 F eb.
N o rth .P a c.—1 s t ,c o u p ., 6 g . 1921
& J 118
115 Jan .
G en era l, 2 d , co u p ., 6 g . . l 9 3 3
& o 114 %
1 12 % J an .
& D 108%
G en era l, 3 d , c o u p ., 6 g . . l 9 3 7
1 07 % Jan .
C on sol, m o rt., 5 g ............1 9 8 9
& D 7 8 %b. 7 7 % J an .
C hic. & N .P .— 1st, 5 g . . . l 9 4 0
& O 81%
7 8 % J an .
N orth. P a c. & M o n .—6 g . . . 1938 M & S 103
1 01 % Jan .
N orth. P a c . T er. C o.— 6 g .,1 9 3 3 J & J 1 07 %b. 1 05 J an .
O hio & M iss.—C ons. s .f.,7 s .1 8 9 8 J & J l l l % b . 1 11 Jan .
C o n so l., 7 s ...........................189 8 J & J U l % b . 1 1 0 % Jan .
O h io S ou th ern —1st, 6 g . ..1 9 2 1 J & D 109 % b . 1 06 J a n .
G en era l m o rt., 4 g ........... 1921 M & N
6 6 a. 6 2 Jan .
O m aha & S t.L o u is —4 g . . . 1 9 3 7
& J 5 9 b.
O re g o n Im p . C o. - 1 s t , 6 g .1 9 1 0
& D 1 03 %
101 % J a n .
C on sol., 5 g ......................... 193 9
& O 69%
6 5 % J an .
& J 111 b. 1 0 9 % J an .
O r e .R .& N a v C o.—1 s t ,6 g . 190 9
C on sol., 5 g ........................... 1925
& D 9 6 a. 9 4 Jan .
P a . C o.—4 % g ., c o u p o n ___ 1921
& J 106 %
1 0 5 % J an .
P e o . D e c .& E v a n s v .—6 g .,1 9 2 0
& J 1 11 a. 1 1 0 F e b .
E v a n s v ille D iv ., 6 g ___ 1 92 0 M & S 103 b. 1 05 J an .
2 d m o rt., 5 g ....................... 1 92 6 M & N 7 1 b. 6 9 % J an .
Phila. & R ea d . G e n ., 4 g .1 9 5 8 J & J 8 6%
8 3 % J an ,
F eb .
1 st p re f. in co m e , 5 g ........195 8
76%
6 9 % F eb.
2 d p re f. in co m e , 5 g ........195 8
F eb .
66%
5 3% F eb.
3 d p re f. in co m e , 5 g ........ 1958
F eb .
6 0%
37
J an .
P ittsb u rg & W e ste rn —4 g .1 9 1 7 J & J 8 3 %
8 0 % J an .
R ic h & D a n v .—C on ., 6 g . . l 9 1 5 J & J 112
1 0 9 % Jan.
C on sol., 5 g ...........................193 6 A & O 84% b . 8 2 Jan .
R ic h .& W .P .T e r .-T r u s t ,6 g .l8 9 7 F & A 9 9 %
91
Jan .
Con. 1 st & co l. tru s t, 5 g .1 9 1 4 M & S 71
6 2 % Jan .
R io G . W estern — 1st, 4 g . . l 9 3 9 J & J 7 7 %
7 6 % Jan.
St. J o . & Gr. Isla n d —6 g .,1 9 2 5 M & N 9 6
9 5 Jan .
St. L. A lt. & T . H .— 1st, 7 8 .1 8 9 4 J & J* 107 %b. 1 08
Jan .
St. L . & Ir o n M t.— l s t 7 s . . .1 8 9 2 F & A 101% 101 F eb .
2d , 7 g ..............
1897 M & N 1 09 b. 108 J an .
C airo A rk . & T e x a s , 7 g . .1 8 9 7 J & D 1 06 b. 105 Jan.
G en. R ’ y & la n d g r .,5 g .,1 9 3 1 A & O 8 5%
85
F eb .
St.L. & San F r.—6 g ., C l.B .1 9 0 6 M & N 113% b. 112 J a n .
6 g., C lass C ....................... 1 90 6 M & N 1 1 3 %
112 J an .
G en era l m o rt., 6 g ............1931 J & J 107%
106 % J an .
St. L. So. W est.— 1st, 4 s, g . . 1989 M & N
70%
7 0% Feb.
2d , 4s, g., in c o m e ............. 1989 J & J 3 2 %
3 2% F e b .
8.P .M .& M .—D a k . E x ., 6 g .1 9 1 0 M & N 1 18 b. 1 1 6 % Jan .
& J 1 19
1 st co n s o l., 6 g ................... 1933
1 1 8 % Jan.
& J 99
do
re d u c e d t o 4 % g . . .
9 7 J an .
& D 8 9 b. 8 7 % Jan .
M o n ta n a E x te n s io n . 4 g .1 9 3 7
& J 6 5%
S an A . & A ra n . P .— 1st, 6 g . 1916
6 5 % F eb.
& J 6 5 %b. 61 J an .
1 st, 6 g .................................. 192 6
Seattle L .S .& E .— ls t ,g u . 6 .1 9 3 1 F & A 95 %a. 9 2 F eb.
So. C ar.—1 st, 6 g . ,e x c o u p .1 92 0
1 08 b. 1 07 % Jan .
I n co m e , 6 s .............................1931
16 b. 1 6 F e b .
So. P a c., A riz .—6 g ........ 1 9 0 9 -1 0
& J 1 01 b. 1 01
F eb.
So. P a cific, C al.—6 g ___ 190 5 -1 2
& O 1 15% b. 112% Jan .
1st, c o n s o l., g o ld , 5 g ___ 193 8
& O 9 9 % a. 9 9 % Jan .
So. P a cific, N . M .— 6 g ..........1911
& .1 102 % b . 1 0 1 % Jan .
T enn . C. I. & R y .—T en . D ., 1st, 6 g
& O 9 1 b. 8 9 F e b .
B irm . D iv ., 6 g ....................1917
& J 91 b. 91
J an .
T ex. & P a c .— 1st, 5 g ............2 00 0
& D 80%
7 7 % F eb.
2d , in co m e , 5 g ....................2 0 0 0 M a rch . 3 1 %
27
F eb .
T ol. A . A . & N. M .—6 g ........ 192 4 M & N 102 a. 1 0 0 % Jan .
T o l.A . A . & G r. T r.— 6 g ___ 192 1
& J I l l a.
& J 105
T ol. & O h io C ent.—5 g . . „ . . 1 9 3 5
1 0 2 % Jan .
& J 78% b. 77
T ol. P e o . & W e st.—4 g . ___ 191 7
Jan .
& D 97
Tol. S t.L . & K a n . C.—6 g .,1 9 1 6
91
J an .
U nion P a cific— 6 g ................. 189 9
& J 1 10% b. 1 1 0 % J an .
S in k in g fu n d . 8 s ..................1 89 3 M & S 110
1 0 7 Jan .
C ollat. tru s t 4 % ..................191 8 M & N
7 2 %b. 7 0 % Jan .
G o ld 6 s, co l. t r u s t n o t e s . 1 89 4 F & A 9 6%
9 5 % J an .
K a n . P a c .-D e n . D x v .-6 g .1 8 9 9 M & N 1 09 b. 1 09
F eb.
l s t c o n s o l ., 6 g ................. 1 91 9 M & N 1 1 0 b. 1 0 3 % Jan .
O re g o n S h ort L in e —6 g . . 192 2 F & A 105 %
10£> F eb .
O r.S .L .& U t’hN .—C on.5 g.1 9 1 9 A & O 8 4 a. 8 0 % Jan.
U .P .D e n .& G u lf co n . 5 g .1 9 3 9 J & D 7 5% b . 7 5 % Feb.
U n ion E le v a te d —6 g ..........1 93 7 M & N 113%
1 1 0 Jan .
V irgin ia M id .—G en . m .,5 s , 1 93 6 M & N
8 0 b. 7 8 Jan .
do
s ta m p e d g u a r . M & N
84% a. 8 0 % Jan.
W abash—1 st, 5 g ....................193 9 M & N 104 % b . 1 0 3 % Jan .
2 d m o rtg a g e , 5 g .............. 1 9 3 9 . F & A 81
80% F eb.
D e b e n t. M „ series B ........ 193 9
& J 4 6 a. 4 2
F eb.
W est S hore—G u a r., 4 s ........ 236 1
& J 103%
1 0 1 % Jan .
W est. N . Y . & P a .— 1st, 5 g .1 9 3 7
& J 101%
99
Jan .
2 d m o rt., 3 g . , 5 s c . . . . .........1927
& O 3 4 b. 3 2
F eb .
W est. U n. TeL —C ol. tr., 5 s . 1938
& J 1 02 b .;1 0 0 % J an .
& J 92
W is. C ent. C o.—1 st, 5 g .......193 7
92
J an .
I n c o m e , 5 g ...........................1937
3 8 a. I 4 1 % J an .
u p fr o m a ctu a l sales o n ly .
116% F eb.
67% Jan.
1 29 F e b .
106 F eb
103% F eb.
125% F eb.
1 0 9 % F eb .
122% F e b ,
1 15 F e b .
99
Feb.
114
F eb.
127 Jan.
110 Ján .
138% F èb.
3 0 4 % F eb.
1 21
F èb
1 0 7 % Jan.
1 16 J ân .
104 Jân.
1 05 F e b .
1 18 F e b .
9 5 J an .
95 J an .
1 18
F eb .
115% F eb.
109
F eb.
80% Jan .
82 F eb.
103 F eb.
107 Jan.
1 1 2 % F eb .
112% F eb.
1 0 9 % F eb .
6 6 % F eb.
104%
71%
1 11
96
107%
110
108
71
90
79
72
67
84
1 12
8 4%
100
71
78%
97
108%
104%
109%
1 07 %
86%
114
113%
110
72%
37%
1 18
121
99
89
65%
65%
95%
108 %
22
103%
1 15 %
100%
1 03 %
94
93%
84
33%
104
F eb .
Jan.
Feb.
F eb,
F eb
F eb
Jan.
F èb.
F èb.
Feb.
F eb.
F eb.
F eb.
J an .
F eb.
F eb.
F eb.
Jan.
Jan
Jan.
Jan
F eb.
F eb.
Jan.
Feb.
F eb.
Jan.
Jan.
J an .
F eb.
Jan.
F eb.
Jan .
F eb.
F eb.
F eb .
Jan.
Jan.
Jan.
F eb.
Jan.
J an .
F eb.
Feb.
Jan.
Jan.
F eb.
106 F eb.
7 8 7s F e b .
97% F eb.
112% F eb.
110% F eb.
7 4 % Jan .
100 Jan.
I ll
F eb.
Ill
Feb.
108 J a n .
83% F eb.
7 7 % Jan.
113% F eb.
85 F eb.
87 F eb.
106 F eb.
85 J a n .
50 Jan.
101 F eb.
101 F e b .
35% F eb.
104 Feb.
93% Jan.
4 2 % Jan .
* L a te s t p r ic e this w eek .
NEW YORK STOCK EXCHANGE PRICES—(Continued).—INACTIVE BONDS—FEBRUARY 26.
S E C U R IT IE S .
B id .
A sk .
Railroad Bonds.
f S tock E xch a n g e P ric es.)
Alabama Mid.—1st, g., 6 s
1928
90
Atlantic & Danv.—1st g., 6 s ..1917
62
AH. & Pac.—2d W. D., gu. 6s,.1907
Btiit. A Ohio—1st, 6s, Park B.1919 1 1 7 120
5«, gold..................................1925 108
Cons, mort., g o li, 5s........... 1 9 8 8 _______
T09
SECURITIES.
* N o price Friday; these are the latest quotationgjiaadw t,h% week.
Bid. Ask.
B. & O. 8. W., 1st, g., 4%S...1990 103
Mon. Riv., 1st g „ g. 5s...... 1919
Cent’l Ohio Reor.—1st. 4% s.l930 *102%
Bost. H. Tun. & W.—Deb. 5s. 1913 101%
Brooklyn Elevated—2d. 3-58.1915 85
Bufi. Roch. & Pitts.—Gen.. 5s.l937
Roch. & Pitts.—1st, 6s........ 1921 i t 7
do
Consolidat’d 1st, 6s. 1922 115%
Burl Ced. Rap. & No.—1st, 5s.l 906 102%
ConsoL & collat. trust, 5 s .. .1934] 96
SECURITIES.
Bid.
Ask.
........ Burl. Ced. Rap.& No.—(Contin’ d)—
Minn. & St. L.—1st, 7s, g u .. 1927 *112
Iowa C. & West.—1st, 7s. . . . 1909 100
102%
Ced. Rap. I. F. & N., 1st, 6S.1920 100
...
1st, 5s.......... ......................1921
95
100
C. Ohio—Col. & Cin.M.lst,4%s.l939
Cent. RR. & Bank.—Col. g.5s.1937
90
116% Chat.Rome&Col.—Gtd g.5s.l937
90
83
102%
Sav. & West.—1st con.gtd, 5s.l9 29 82% §3%
........ 1 Cent, of N. J.—Conv. deb., 6s,1908
F
ebruàby
TH E
27, 1892.
NEW YORK STOCK EXCHANGE PRICES.— INACTIVE
S E C U R IT IE S .
B id .
1Isk.
361
CHRONICLE.
S E C U R IT IE S .
B O N D S - f Continued )-F E B R U A R Y
B id .
A sk .
S E C U R IT IE S .
26.
B id .
A sk.
P e n n .R R .-P .C .& S .L .-ls t ,c .,7 s .l9 0 0
Gal. H a r. & S an A n t —1 st, 6 8 .1 9 1 0
. ........ Ga
139 ’
C en tra l P a cific— G o ld b d s, 6s, 1 89 5 1 06
P itts . F t. W . & C.—1 st, 7 s . . . 1 91 2
104
G a l. H . & 8 . A .—2 d m o r t ., 7 s . . 1 90 5
G qld b o n d s , 6 s . . . . ..................1 8 9 6 107*4 . ........ Ga
1 38
2 d , 7 s ....................................... 1 91 2
W est. D iv ., 2 d 6 s ..................... 193 1
1 10
1
3
2
G o ld b o n d s , 6 s ......................... 1 8 9 7 1 08
134*a
3 d , 7 s ....................................... 191 2
78*4
77
G a. So. & F la .—1 st, g. 6 s..........1927
San, J o a q u in B r ., 6 s ................1 9 0 0 110*4 . ........ Ga
C lev . A P .—C ons., s. fd ., 7 s .1 9 0 0 121*2 122*2
. ........ G ira n d R a p . & I n d .—G en . 5 s .. 1 92 4
__ ___
M ÿ çt. g o ld 5 s .............................1 93 9 *95
G en . 4*2«, g ., “ A ” .............. 1 94 2 1 0 8
*85
reen
B
.
W.
A
St.
P
.—1
st
6
s
.
.1
9
1
1
Gi
L a n d g ra n t, 5 s, g ..................... 1 90 0 ..........1 0 3
St. L .V .& T . H .—1 s t, 6 s., 7 s . 1897 111*4 ..........
36
36
2
d
in
c
o
m
e
,
a
ll
subs,
p
a
i
d
............
1
08
.
W e st, P a cific—B o n d s, 6 s ----- 1 89 9
2 d , 7 s ............................ . .........189 8
1 04
::::: H
n ;ou s a ton ic—C ons, g o ld 5 s— 193 7
2 d , g u a r., 7 s ................... .. .. 1 8 9 8
..........
N . H a v e n & D e r b y , C o n s .5 s ..l9 1 8
*100
. .......
P e o .A E .-I n d .B .A W .-ls t ,p f.7 s .l9 0 0 i Ï 5 *
120*
H
ou
s.
&
T
.
C.—
W
a
co
&
N
.
7
s
..190
3
109*« 1 10*2 H
Gb.es. A O .O
h
io
I
n
d
.A
W
.l
s
t
p
r
e
f
.
5
s
..
1
9
3
8
105
1 st g ., 5s (int; gtd>..................1937 104%
116
1 19
6 s, g o ld , f
P e o ria A P e k . U n io n —1 st, 6s .1921 L10
C ons. g. 6 s (int. g t d ) ...............1912 101
..........] 0 6
70
vw«r
2 d m o rtg ., 4*as.........................1921
6438 6 4 78
G en . g. 4s. (int. g t d )................192 1
77
59*2 6 0 %
P h ila . & R e a d .—3 d p r e f. c o n v e r t
86*4
D e b e n t. 6 s, p rin . A in t. g td .1 8 9 7
103*s .
P
itts.C
.C
&
S
t.L
.—C
on
.g
.4
*2
sA
1
94
0
63*2 6 9 %
D e b e n t. 4 s, p rin . A in t. gtd .1 8 9 7
1 L9*2 P itts. C lev e. & T o l.—1st, 6 s ... 1 92 2
105
Illin ois C entral— 1st, g ., 4s ...1 9 5 1
115*2 . ........ I1J
L o u is. & M o. R iv e rP itts . & L . E r.—2 d g . 5 s, “ A ” . 1928 .........
1st, g o ld , 3*28 ...........................1951 *9 2 %
P
itts. M o. K . A Y .— 1 st 6 s........1 93 2
105*2
S p rin g f. D iv .—C ou p ., 6 s . . . . 189 8
1071$ . ........
S t. L . J a c k s . & C h ic.P itts. P a in sv . A F .—1st, 5 s . ..1 9 1 6
M id d le D iv .—R e g ., 5 s........... 1921 111*2
107 ’ .
P
itts. Shen. A L . E . - l s t , g . , 5 s . l 9 4 0
111
..........
C. St. L . & N . O .—T en . 1., 7 s .1 89 7
*106
R ich . A D a n v .— D e b e n tu re 6 s . 1927 ‘ *93**
1 st, c o n s o l., 7 s .......................1 89 7 112*2
* ..........1 0 4
O h ic. B u rl. & N or...............
1909
E
q
u
ip
.
M
.
s.
f
.,
g
.,
5
s
2 d , 6 s ........................................1 90 7
___
104*2 1 05
A tl. A C har.—1st, p r e f., 7 s .. 1897 *102
G o ld . 5s, c o u p o n ..................1951
105
___
do.
I n c o m e , 6 s — 1 90 0 *100
95
M
em
p
D
iv
.,
1
st
g.
4
s
........1951
9
4
94*4
__ ^
89
S in k in g fu n d , 4 s ___
R io G r. J u n c t.,1 s t,g u a r .,g .,5 s .l9 3 8
D u b . & S. C .—2 d D iv ., 7s .. .1 8 9 4
88*2
36
92% St. J o s. A G r. Is .—2 d in o ..........1925
88
C ed. F a lls & M in n .— 1st, 7s. .1 9 0 7
97*2
- »4
K a n . C. A O m aha—1st, 5 s .. 1927 *72
116
117*2 ^.18*2 II rn d . D . & S pr.—1 st 7s, e x . c p .1 9 0 6 114*2 77
C M . M il. & St. P .— 1
St. L . A . A T .H —2 d p re f. 7 s . .1 8 9 4 104*« 1 0 5
76
*122*4 ^ 23*2 K a n a w h a & M ich .—M ort. 4 s . 199 0
2 d ; 7 3 -10 s, P . D .
*103
.rnrnmmm
2
d
m
.in
o
.
7
s
..............................
189
4
........ K a n . C .W y a n .A N .W .— 1 s t ,5 s .193 8
■k
125
1 s t; 7 s, $ g ., R . D .
56
D iv id e n d b o n d s ....................... 189 4
......
*122
123*2 L . Sh. & M. S o.—C. P .& A .—73.1892 1 05
.........
B e lle v . & So. 111.— 1st, 8 s . . . i 8 9 6 1 10
B uff. A E r.—N e w b o n d s , 7 s .189 8 116
122
____
Î
Ï
0
B e lle v . A C ar.—1 st, 6 s...........1 92 3
D et. M . & T .—1 st, 7 s ........: . . 1906 ’ 124*4 125
24
1 22
____ ,
1 st, I. & D ., 7 s.
C h i.S t.L .& P a d .—I s t ,g d .g .5 s l9 1 7 1 0 0
L a k e S h ore—D iv . b o n d s, 7 s . 1899 117*2 1 19
124*2 .26*2
8
4
81
St. L o u is S o.—1 st, gd . g . 4 s . 1931
M a h on ’ g C oa l R R .—1 st, 5 s . 1 9 3 4 ’ 1 07
___
126*2 .28
70
do
2 d i n c o m e ,5 s .1 93 1
K a l. A ll. & G. R .—1 st gu . 5 s .l9 3 8 106
1 02
___
„
8
0
C ar. & S h a w t.—1 st g. 4 s . ...1 9 3 2
101%
L
L e h ig h V .,N .Y .—1 s t gu.g.4*2S.1940 101
) .......... .27
S t.L o u .A S F r.—2 d 6 s,g ., cl. A .1 9 0 8 113*2 1 1 4
L
.03
L e h ig h V .T e r m .—1 s t g u 5 s ,g .l 9 4 l *109*2 110*2
1 02
1
00
E q u ip ., 7 s ................................ 189 5
98
I1.fitchf. C a r .* W est.—1 st 6s. g .1 9 1 6
) *11658 .17
100
G e n e ra l 5 s .................................. j-x g l
118
L o n g Isla n d —1 st, 7 s ................ 189 8
) ......... .02
85
1 st, tru st, g o ld , 5s................... 1987
N
.
Y
.
&
R
’
w
a
y
B
.—
1st,
g.
5
s
.
1927
.....
*102
75
G. A L. Sup. D iv ., 5 s ..
.....................
1
99
0
C
on
sol,
g
u
a
r.,
4
s
33
24
2 d m o r tg ., i n o ......................1927
L17
4 1 15
K a n . C ity & S . - l s t , 6s, g . . . 1 91 6
S m ith tow n & P t.J e ff.—1 st,7s 1901 107
L02*«
3 *102
0
0
F
t.
S.
&
V
.
B
.B
g
.
1
s
t
,
6
s
.
.
.
1
9
1
0
L o u is.E v a n s.& St. L .—C o n .5 s .1 9 3 9 A 8 0
L02*2 L
3 102
D a k o ta & G t.
St. P a u l & D u lu th —1 st, 5 s . . . .1931 1 05
1 12
.......... L ou is. A N a s h .—C ecil. B r, 7 s .1 90 7
3 114
2 d m o rtg a g e 5 s........... .----• -1 9 1 7 103
E . H . & N ash.— 1 st 6s, g — 1 91 9 1 13
L07
*-------O h io. A N . W .St. P a u l M in n & M .—1st, 7 s . . 1 90 9
112
*110
P e n s a co la D iv is io n , 6 s ......... 192 0
1 07
2 d m o rt., 6 s ........... - - - - - - .........1 90 9 il*7* 1 1 8
St. L ou is D iv is io n , 1 st, 6 s ... 1921 1 1 4
...
7 1 25
M in n ea p . U n io n —1 st, b s . . . . 1 9 2 /
62
2 d , 3 s ....................................... 1 9 8 0
0 1 25
M o n t. C en.—1 st, g u a r ., 6 s .. 1 93 7 115*2
L e b . B ra n ch E x t e n s io n .. .1 8 9 3
8 1 20
1 st gu ar. g. 5 s . . . . . . . . . . . - ---1 9 3 7 101*4 1 0 1 %
N a sh v . & D e c a tu r—1 s t ,7 s .. 1 9 0 0 113*2
115*2
8 115
E a st. M in n ., 1 st d iv . 1 st 5 s . 190 8
S. f.,6 s .— S. & N . A la ...............1 91 0
7 123
96*s
S
an
F ra n . A N . P .—1st, g ., 5 s .1 9 1 9
1 0 -4 0 , g o ld , 6 s .........................1 9 2 4 1 00
5 *114
M iL A M a d .—1st, 6 s . ..
76
*70
S av. A m e r. <fc M o n tg .— 1 st 6 s . l 9 l y
5 0 y e a r 5s, g . ,...........................1 93 7 101
9 1 06
O tt. C. F . A St. P .— 1st,
.........
LOO
S
outh
C
a
ro
lin
a
—2
d
,
6
s
—
106*2
P en s. & A t . - 1 st, 6s, g o l d .. . 1921 1 0 4
0 *106*2 . . . . . .
So. P a c . C oast—1 st, g u a r .,4 s . 1937
C ollâ t, tru s t, 5 s, g . ................193 1 * 101*2
5 *75*2 ........
T e x a s C en tra l—1 st, s. f ., 7 s . ..1 9 0 9
82
80
L ou .N . A lb . &Ch.—G en .m . g. 5s. 1 9 4 0
5 .......... 5 5
1 st m o rtg a g e , 7 s . . . . . . . . . . , -1 91 1
86
L ou . N . O. A T e x .—1 st, 4 s . . . . 1 9 3 4
E x te n s io n , 4 s . . .
5 *.......... 7 5
T e x a s <fcN ©w O rlea n s—1 s t,7 s . 1 90 5 106*2 ••»mm
2 d m o rt., 5 s ....................... . . . . 1 9 3 4
___^
3 1 00
100*2
K e o k u k & D es M .S ab in e D iv is io n , 1 st, 6 s . . . . . 191 2 1 04
Ihio. St. P & K a n . (
6 ......... .......... IL ou is. St. L.' A T e x .—2 d g, 6 s .. 1 91 7
T e x . A P a o ., E . D iv .—1 st, 6 s . 190 5 101
M
a
n
h
attan
R
y
.—
C
ons.
4
s
.
...
.1
9
9
0
..........
IV
M in n . A N. W .— I s
4 ..........
.15
T h ird A v e n u e (N .Y ).—1 st 5 s, 1 93 »
.......... IM
V em p h is A C hari.1—6s, g o l d ..1 9 2 4
8 123
97*2
T o l. A . A . A C ad.—6 s . . ..............1917
1 st c o n . T é n n lie n , 7 s ........... 191 5 1 17
9 1 23
123*2
T
o
l.
A
.
A
.
&
M
t.
P
L
—
6
s
............1
91
9
M e x ica n N a tion a l—1st, g., 6 s .1 92 7
9 .......... ......... h
O hio. A W . I n d ,
"
87%
T o l. A . A . & N . M .—5s, g . . . . . . 1 9 4 0
2 d , in c o m e , 6 s, “ A ” ............... 191 7
____ »
2 ..........
T i " U lste r & D e l.—1 st, c o n .,6 .,5 8 .1 9 2 3 ioo
2 d , in c o m e , 6 s, “ B ” ............... 1 91 7
G in; H a m . A D .— C on. s. f.,
5 124
106*2
U nion P a cific—1 st, 6 s . . . ..........1 89 6
M ich ig a n C en tra l—6 s ............... 1 90 9
__
.......... 1
2 d , g o ld , 4*88......................
7 *95
1 st, ...............................................1 89 7 108
1 16
C ou p on , 5 s .................................
6 .........
109*4 ........».
................................................
"9 9 %
M
o
r
tg
a
g
e
4
s
.............
194
0
0
89
1
0
0
.
.....
C
o
lla
te
ra
l
T
ru
st,
6
s
...............
1
90
8
1 06
9 .......... .......... IM il.L .S .A W .— C o n v .d e b ., 5 s .1 9 0 / 1 03
C o lla te ra l T ru st, 5 s . ............. 190 7
M ich . D iv ., 1 st, 6 s .................. 1 9 2 4 1 2 2
8 t.L o u .D iy . —1 stci
0
88
105*2
K
a
n
sa
s
P
a
ciflo
—1
st
6
s,
g
.
..1
8
9
o
A s h la n d D iv is io n —1st, 6s ..1 9 2 5 120
S prin g. A C o l.D iv .6 ..........
1 st, 6 s, g . ............. ................. 1 8 » 6 107*2
1 13
Kf
..........
I n c o m e s . ........ ..— - - .......... *4
W fciteW .V a l.D iv .- -lst,i
to .........
•rnrnmm
C. B r. U . P .—F . c ., 7 s ............1 89 5 1 0 0
M
in n .A St. L .— 1st, g. 7 s ..........192 7 1 1 6
C8n. I . St. L . & C.84
9
6
Î
6 .........
83
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N o p riO i F rid a y ; th e s e a re th e latest q u o ta tio n s m a d e lth ls week.
362
THE
CHRONICLE.
Latest E arnings Reported
Itiwjcstmjent
R o ad s.
AND
a ilr o a d f t t M I i g i m « .
The I nvestors’ Supplement, a pam phlet o f 150 pages
contains extended tables o f the Stocks and Bonds o f B a iltoads, and other Com panies, with remarks and statistics con
cerning the incom e, financial status, etc., o f each Com pany.
It is published on the last Saturday o f every other month—
viz., January, M arch, M ay, Ju ly, September and Novem ber,
and is furnished w ithout extra charge to all regular sub
scribers o f the Chronicle. E xtra copies are sold to sub
scribers o f the Chronicle a t 50 cents each, and to others at
$1 p er copy.
The General Quotations o f Stocks and Bonds, occupying
six pages o f the Chronicle, are published on the th ird
Satu rd ay o f each month.
RAILROAD EARNINGS.
L a test E a rn in g s R eported.
R o ad s.
W eek o r M o
1891-2.
1890-1.
Jan . 1 to L a test D ate.
1891-2.
$
$
A lle g h e n y V a l. D e c e m b e r.
2 0 3 ,5 5 8
2 0 6 ,3 1 4 2 ,5 4 8,79 4
A toll. T. A 8. Fe. 2 d w k F eb.
5 8 0 ,6 9 6
5 2 0 ,6 7 3 3 ,5 3 1 ,0 8 1
H a lf o w n e d .. 2d w k F eb .
2 9,6 62
2 3 ,5 8 9
2 0 2 ,8 1 7
T o ta l system 2 d w k Feb.
6 1 0 ,3 5 9
5 4 4 ,2 6 3 3 ,7 3 3 ,8 9 8
S t.L. A San F . 2d w k F eb.
1 1 6 ,8 4 9
1 0 8 ,5 5 0
6 7 7 ,5 3 8
H a lf o w n e d . 2 d w k Feb.
2 9 .1 03
2 2 ,9 6 6
1 9 8 ,7 2 6
T ot.S .L .& S .F 2d w k F eb .
1 4 5 ,9 5 2
1 3 1 ,5 1 6
8 7 6 ,2 6 4
A g g . t o t a l . 2d w k F eb.
7 5 6 ,3 1 1
6 7 5 ,7 7 9 4 ,6 1 0 ,1 6 4
A t l a n t a * Char. N ovem b er.
7 2 ,1 9 2
7 4 ,2 2 8
A tla n ta A F lo r ’ ; D e c e m b e r.
1 5 .5 93
1 4 ,5 0 3
1 1 9 ,5 3 0
A t l a n t a * W .P t D e c e m b e r.
4 5 ,4 5 1
5 2 ,6 2 2
4 8 4 ,7 9 2
B .A O .E a stL in e J a n u a r y ... 1 ,5 2 2,81 6 1 ,4 4 5,98 5 1 ,5 2 2 ,8 1 6
W estern Lines J a n u a r y ..
5 2 8 ,1 1 2
4 5 7 ,4 6 8 —5 2 8 ,1 1 2
T o t a l ______ J a n u a ry .. 2 ,0 5 0 ,9 2 8 1 ,9 0 3 .4 5 3 2 ,0 5 0 ,9 2 8
B a l.A O .S o u th w 2d w k Feb,
5 2 ,4 4 8
4 2 ,9 5 0
3 1 1 ,6 0 3
H alt. & P o to m a f O c t o b e r ...
1 62 ,82 7
1 5 7 ,5 2 2 1 ,4 6 6 ,1 0 9
B a th & H a m ’nds O c t o b e r ...
4 ,4 5 3
5,7 2 7
2 2 ,3 91
B ir . & A tla n t ic J a n u a r y ...
2 ,7 5 9
5 ,6 5 3
2 ,759
B lr.S h .& T en n .R D e c e m b e r
1 9 ,1 9 9
1 4 ,8 4 4
2 1 1 ,8 7 9
B o ff.R o ch .& P it 3 d w k F e b
4 9 ,7 8 8
4 5 ,0 8 8
3 7 2 ,7 0 3
B o r . C .R ap . &N J a n u a r y ...
3 3 1 ,8 1 1
2 5 1 ,7 3 4
3 31 ,81 1
Cam d en & A t l . D ecem b er.
3 9 ,8 0 0
3 8 ,8 2 6
8 0 0 ,9 7 0
C an ad ian P acific 3 d w k F eb
3 5 1 ,0 0 0
3 4 0 .0 0 0 2 ,6 7 4 ,0 0 0
Op. F ’r& Y ad. Va) D ecem b er.
4 2 ,5 9 0
4 6 ,1 03
5 8 3 ,3 5 7
C ar.C um .G A C h. N ovem ber.
3 ,8 9 8
3,4 8 4
4 1 ,4 2 9
Car. M id la n d ... N ovem ber,
7 ,3 7 0
5 ,1 7 6
O en .R R . A B g.C c J u l y ...........
4 9 6 ,9 8 2
4 1 6 ,6 4 1
C entral o f N. J .. D e c e m b e r. 1 ,1 5 5,40 8 1 ,1 7 6 ,8 9 6 1 4 .2 0 1 ,7 6 7
C entral P a c ific .. N ovem b er. 1 ,4 0 1,12 7 1 ,3 9 0 ,9 0 0 1 5,5 0 4 ,7 9 8
C entral o f S .C .. N ovem b er.
9 ,8 5 5
8 ,3 0 3
9 4 ,2 2 3
C har.C in. & Chic J a n u a r y ...
10,220
1 2 ,9 1 5
10,220
O harlest’n & Sav D e c e m b e r.
5 3 .5 9 4
6 8 .1 7 9
7 1 9 ,3 7 8
C har. Sum . A N o. D e c e m b e r.
1 5 .0 0 0
9 .5 3 7
1 3 9 ,0 2 0
C h a tt’ n ’ ga U ni’i] O c t o b e r . . .
8 ,8 5 2
1 0.1 79
8 3 ,7 1 2
C h er a w . & D a ri. D e ce m b e r
8 .3 9 9
1 1 ,6 4 5
1 0 3 ,5 9 6
C h e r a w .* Salisb N ovem b er.
2 ,5 0 5
2 ,5 6 6
2 3 ,5 0 4
Ghes. * O h io .. .. 3 d w k F eb.
1 6 4 ,2 6 7
1 49 ,61 7 1 .2 1 3 .0 1 6
Ch.es. o . & 8. W D e ce m b e r.
2 02.781
2 0 9 ,9 3 2 2 .3 3 9 .0 1 6
C hic. B u r. & No. D e c e m b e r.
2 25 ,42 1
2 3 4 ,4 0 2 2 ,2 2 4 ,2 0 3
C hic. B u rl. & Q , D ecem b er. 3 ,5 2 4 .4 7 8 2 ,8 1 5 .7 3 2 3 5.3 5 2 ,3 7 5
O h io .* E ast. 111. 3d w k Feb.
6 9 ,1 43
6 8 ,4 2 0
5 2 9 ,0 5 7
C h ica g o & E rie . D e c e m b e r.
3 03 ,40 7
2 4 7 ,8 3 2 2 ,7 4 6 ,7 2 6
O h ic .M il.A S t.P 3 d w k F eb
5 4 3 ,1 1 4
4 7 1 ,2 0 7 4 ,0 6 4 ,9 8 3
C h ic. A N ’ th w ’n. J a n u a r y ... 2 ,2 3 6 ,7 0 2 l,8 9 3 ,4 0 t
2 ,2 3 6 ,7 0 2
C h ic.P e o .& 8 .L .t 3 d w k Feb,
2 4 .0 8 4
19,884
1 73 ,86 6
C hic. R ’k I .& P ... J a n u a r y ... 1 ,2 9 2 ,5 4 5 1 ,0 9 7,48 7
1 ,2 9 2 ,5 4 5
C h ic.8 t.P .& K .C . 2d w k Feb,
8 4 ,7 4 3
7 3 ,5 92
5
02 ,06 7
C h ic.S t.P .M .A O D ecem b er
8 17 .78 1
5 7 9 ,9 8 4 8 ,0 5 0 ,7 3 1
Ohio. A W . M ien 3d w k Feb,
3 3 ,0 1 0
2 9 .9 0 1
2 10,391
C in .G a . A P orts. J a n u a r y ...
4 ,4 1 9
4 ,5 0 1
4 ,4 1 9
Oln. J a c k A M ac. 3d w k Feb,
1 1,9 55
1 2 ,9 4 0
89,3 19
C in .N . O. A T .P . 2d w k F eb .
8 3 ,8 8 6
79,271
4
8
2
,0 6 4
A la . G t. S outh. 2d w k Feb.
4 0 ,8 28
3 6 ,2 8 2
2 2 4 ,7 2 2
N. Orl. A N. E. 2 d w k F eb.
2 6 ,5 1 2
2 2 ,5 1 7
150
,02
4
A la A V icksb. 2 d w k F e b
1 4 ,6 1 5
1 1 ,3 6 6
8 2 ,0 6 4
ViCHS. Sh. A P . 2d w k F eb .
1 1 ,3 7 7
1 0 ,8 2 0
7
9
,4
3
7
E rla n g e r Byst. 2d w k F eb .
1 7 7 ,2 1 8
1 6 0 ,2 5 6 1 ,0 1 8,31 1
Oinn. N o rth w ’n . J a n u a r y ...
1,481
1,571
1,481
C in . P o rts . A V.. J a n u a r y ...
1 4 ,5 0 6
16,674
1 4,5 06
C ol. A M a y s v . J a n u a r y ...
7 71
671
771
O tn.W ab.A M ich. J a n u a r y ...
5 2 ,1 5 7
4 4 ,0 7 5
5 2 ,1 5 7
C lev .A k ron A C o) 2d w k F eb .
1 6 ,0 0 7
16,401
9 9,8 47
C lev . A C an ton .. N o v e m b e r.
6 0 ,0 5 5
5 6 ,3 0 4
6 6 2 ,7 2 0
Q l.C in .C h .A 8 .L 2d w k F eb. 2 4 6 ,2 2 4
2 5 6 .24 8 1 ,5 4 1 .0 4 4
P e o . A E a s t’n. 2 d w k Feb.
3 0 ,5 1 8
2 9 ,6 6 8
2 04,781
C lev . A M arietta J a n u a r y ...
2 5 ,6 3 5
3 0 ,0 5 2
25,6 35
C olor. M id lan d . 2 d w k F eb .
3 6 ,6 2 6
3 5 ,3 2 3
2 3 3 ,0 2 6
C oL H . Y . A Tol. J a n u a r y ...
2 5 0 ,7 4 9
2 0 5 ,0 4 4
2 5 0 ,74 9
G oL S haw n eeA H l s t w k F eb
1 2 .0 8 2
7 ,8 6 4
6 1,1 27
C olu sa A L a k e .. J a n u a r y ...
1 ,4 2 5
1 ,741
1,4 2 5
C on n . R i v e r ___ J a n u a r y .. .
78,1 51
8 1 ,9 6 5
78,1 51
C u rren t R iv e r .. 2d w k F eb.
2 .1 0 3
3 ,4 1 8
1 1 ,8 0 6
D e n v . A R io G r. 3 d w k Feb.. 1 7 3 ,9 0 0 1 3 6 .0 0 0 1 ,1 8 0 ,6 0 0
D es M oin. A N o. D e c e m b e r.
1 2 .1 3 0
10,3 94
1 3 1 ,76 9
D es M. N o. A W
a n u a ry . ..i
3 0 ,2 7 6
2 1 ,6 1 4
3 0 ,2 7 6
D et.B a y C .A A Jp J a n u a r y ...
2 9 .0 0 0
4 6 ,9 2 2
2 9 ,0 0 0
D e t.L a n s ’ g A N o 3 a w k Feb.
2 0,3 03
1 9 ,0 5 7
1 44 ,00 3
D u lu th B.S.A A t 3d w k F eb .
3 2 ,6 5 9
2 7 ,2 6 2
2 1 8 .2 2 7
D u lu th a W in n . J a n u a r y ...
1 0,6 28
5 ,3 8 4
1 0 ,6 2 ?
E .T en n .V a .& G a 2d w k F eb . 1 4 2 ,0 3 9
1 4 8 ,6 8 6
8 6 7 ,9 2 9
E lg in J o l. A E ast. J a n u a r y ...
6 4 ,6 5 6
4 6 ,2 9 7
6 4 ,6 5 6
E liz .L e x . A B .8 ... D e c e m b e r.
7 7 5 ,7 8 7
E v a n s . A I n d ’p lis 3 d w k F eb .
5 ,9 2 5
” 5 ,6 5 8
4 8 ,0 7 0
E v a n s v . A T . H. 3 d w k F eb .
2 2 ,2 4 5
2 0 ,7 7 4
1 5 8 ,6 9 5
F it c h b u r g ........... D e c e m b e r.
6 4 6 ,4 0 1
5 4 3 ,5 0 8 7 ,1 2 2 ,6 8 3
f l i n t . A P . M a ra . 2d w k F eb.
5 8 ,2 7 1
6 1 ,0 0 7
3 5 6 ,1 1 3
F lo r e n c e ............. N ov em b er.
4 ,7 5 0
3 .6 8 8
4 1 ,0 4 6
F lo r . C ent. A P . D e c e m b e r.
1 7 7 ,4 8 8
1 4 3 ,1 2 4 1 ,4 9 7 ,3 0 6
F t W . A R io Gr. 3 d w k F eb .
5 ,2 0 0
3 ,7 6 9
3 5 ,5 6 8
G a. C ar’la A N o N o v em b er.
1 8 ,0 1 3
9 ,0 1 3
1 3 0 ,4 0 5
e o rg ia R R ....... D e c e m b e r.
1 4 6 .3 8 3
1 8 8 ,6 5 6 1 ,7 9 5 ,8 5 6
e o . 8 o. A Fia
J a n u a r y ...
6 0 .7 2 6
6 3 .3 7 4
6 0 ,7 2 6
[Voi„ u v .
| 189 0 -1 .
2 ,5 9 2 ,1 0 0
3 ,2 3 8 ,0 0 6
1 7 6 ,5 3 3
3 ,4 1 4 .5 3 9
6 8 3 ,9 9 5
1 7 2 ,8 0 7
8 5 6 ,8 0 3
4 ,2 7 1 ,3 4 3
1 3 0 ,7 8 3
4 7 9 ,9 4 6
1 ,4 4 5 ,9 8 5
4 5 7 ,4 6 8
1 ,9 0 3 ,4 5 3
2 6 9 ,6 1 7
1 ,4 1 5 ,4 4 4
2 1 ,5 7 5
5 ,653
1 8 9 ,8 4 6
3 2 6 ,6 8 6
2 5 1 ,7 3 4
7 9 9 ,4 9 1
2 ,3 6 1 ,2 2 1
5 5 5 .2 0 9
2 6 ,7 7 8
1 3 ,6 6 3 ,7 2 6
1 4 ,6 8 3 ,5 2 9
1 0 3 ,4 7 1
1 2,9 15
6 8 2 ,7 4 0
7 8 ,2 0 6
9 6 ,7 4 9
1 1 0 ,3 0 0
2 2 ,7 2 7
3 ,1 0 3 ,5 1 5
2 ,1 6 1 ,6 8 4
2 ,1 1 5 ,4 4 2
3 5 ,1 3 0 ,5 8 6
5 0 1 ,2 3 1
2 ,7 4 2 ,1 4 9
3 ,3 3 1 ,6 1 7
1 ,8 9 3 ,4 0 6
1 3 4 ,5 7 4
1 ,0 9 7 .4 8 7
4 0 5 .7 0 0
6 ,8 5 4 ,5 2 0
1 9 4 ,7 7 4
4 ,5 0 1
103,0*14
5 0 5 ,1 4 8
2 3 1 ,8 9 9
1 4 8 ,0 0 3
8 3 ,2 5 2
8 1 ,0 4 0
1 ,0 4 9 ,3 4 2
1.571
1 6 ,6 7 4
6 71
4 4 ,0 7 5
1 0 2 .2 5 2
5 2 6 ,9 0 3
1 ,5 7 6 ,2 2 5
1 7 9 .2 5 3
3 0 ,0 5 2
2 3 5 ,6 1 9
2 v 5 ,0 4 4
4 3 ,5 0 5
1,7 4 1
8 1 ,9 6 5
2 0 .9 1 9
1 ,0 6 5,12 7
1 2 0 ,1 3 9
2 1 ,6 14
4 6 ,9 2 2
1 4 4 .2 4 7
2 0 8 ,2 5 5
5 ,3 8 4
1 ,0 6 6 ,3 2 8
4 6 ,2 9 7
8 1 6 ,3 3 0
4 4 ,2 4 2
1 5 6 ,0 4 6
7 ,0 3 8 ,9 7 8
3 6 5 ,9 6 9
3 7 .9 1 9
1 ,2 1 2 ,4 3 7
2 9 ,1 1 2
6 1 ,9 8 6
1 ,8 1 8 ,1 9 9
6 3 .3 7 4
Week o r M o
1891-2.
1890-1.
J a n . 1 to L a test D ate.
1 8 9 1 -2 .
1 8 9 0 -1 ,
$
$
»
G e o r g e t’n A W ’n N o v e m b e r.
3 ,6 5 9
3 ,3 3 5
3 7 ,9 6 0
3 5 ,8 0 7
G r. R a p . A I n d . . 2 d w k F eb .
4 3 ,6 0 1
4 2 ,2 3 7
2 5 7 ,7 1 4
2 4 6 ,3 5 8
C in .R . A F t. W. 2 d w k F eb .
8 ,4 6 9
8 ,4 5 3
4 8 ,7 3 7
4 7 ,8 8 6
O th e r li n e s . . . 2 d w k F eb.
4 ,0 3 5
4 ,3 3 2
2 2,4 71
2 2 ,8 3 2
T o ta l a ll lines. 2 d w k F eb.
5 6 ,1 0 5
5 5 ,0 2 2
3
2
8 ,9 2 2
3 17 ,0 7 ft
G ra n d T r u n k ... Wk F e b . 2 0
3 3 3 ,6 5 5
3 3 2 ,2 0 0 2 ,3 5 0 ,5 1 0 2 ,3 2 6 ,9 4 8
C hio A G r .T r . W k F eb .1 3
7 3 ,9 3 7
6 9 ,9 7 3
4 4 2 ,4 5 0
4 2 9 ,6 3 4
D e t.G r.H A M W k F e b .1 3
2 1 ,5 6 3
1 9 ,9 2 1
1 1 9 ,9 7 3
117,745*
G r e a t N o rth ’n St. P . M. A M . J a n u a r y ...
7 9 8 ,9 4 5
6 5 4 ,8 6 2
7
9
8
,9
4
5
6
5 4 ,8 6 2
E a st, o f M in n . J a n u a r y ...
6 2 ,0 8 2
4 0 ,6 4 3
6 2 ,0 8 2
4 0 ,6 4 8
M o n ta n a Cent. J a n u a r y ...
9 7 ,0 7 5
9 8 ,1 9 9
9 7 .0 7 5
9 8 ,1 9 9
T o t. s y s te m . J a n u a r y ...
9 5 8 ,1 0 2
7 9 3 ,7 0 3
9 5 8 .1 0 2
7 9 3 ,7 0 3
G u lf A C h ica g o . J a n u a r y ...
2 ,4 7 9
3 ,3 5 8
.2 ,4 7 9
3 ,3 5 8
H o u s a to n ic ........ N o vem b er.
1 2 5 ,1 0
1 2 5 ,5 7 8 1 ,4 2 5 ,4 8 2 1 ,4 4 1 ,9 9 6
H um est’n AShen J a n u a r y ...
1 4 ,8 0 0
1 3,7 32
1 4 ,8 0 0
1
3 ,7 3 2
H u tch . A S ou th ’n J a n u a r y ...
6 ,1 4 7
6 ,4 1 0
6 ,1 4 7
6 ,4 1 ft
I llin o is C entr’l . . J a n u a r y ... 1 ,5 0 2,58 9 1 ,5 1 6 ,1 8 2
1 ,5 0 2 .5 8 9 1,51 6,18 2 .
In d .D e c.A W e st, J a n u a r y ...
4 4 ,1 9 3
4 0 ,2 1 5
4 4 ,1 9 3
4 0 ,2 1 5
In. A G t.N o r th ’ n 2 d w k F eb
6 3 ,9 3 0
6 0 ,3 0 2
4 1 4 ,0 5 9
4 3 2 ,1 2 0
In te ro c. (M e x .). W k J a n .3 0
3 6 ,0 0 0
I o w a C e n t r a l... 3 d w k Feb,
4 4 ,4 1 8
3 9,6 84
2 9 1 ,3 1 0
2 3 8 ,4 6 8
Iron R a i l w a y ... J a n u a ry ..
2 ,3 0 2
3 ,3 0 3
2 ,3 0 2
3 ,3 0 3
J ’k ’n v .T . A K .W . J a n u a ry ..
8 6 ,1 5 5
7 9 ,1 6 5
8 6 ,1 5 5
7 9 ,1 6 5
K a n a w h aA M ich 2 d w k F e b
5 ,9 4 3
5 ,8 8 1
3 5 ,4 9 5
3
5
,4 2 8
K an. C. C l.A 8 p . 2 d w k F eb
5 ,5 3 2
5 ,0 3 9
3 3 ,5 2 9
3 6 ,4 4 7
K .C.F.S. A M em . 2 d w k Feb,
9 5,7 97
8 2 ,2 4 9
6 1 1 ,7 5 8
5 3 1 .0 5 9
K . C .M em . A B ir. 2 d w k Feb,
2 4 ,9 1 4
2 1 ,1 8 7
1 4 7 .3 5 4
1 4 8 ,0 3 0
K eok u k A W est. 2 d w k F eb
6 ,6 7 1
7 ,0 0 4
4 7 ,4 0 2
4 5 ,0 7 7
L. E rie A ll. A So J a n u a r y ..
5 ,9 8 7
5 ,6 0 1
5,987
5 ,6 0 1
L. E rie A W est . 3 d w k F eb
6 2 ,4 9 5
5 4 ,6 7 7
4 7 1 ,6 2 5
4
2
1 ,8 4 9 '
L e h i g h * H u d .. J a n u a r y ...
2 8 .1 0 5
31,801
2 8 ,1 0 5
3 1 ,8 0 1
L. R o c k A M em . 2 d w k Feb,
1 4 ,3 3 8
1 4 ,7 5 8
86,011
1 0 3 ,5 1 4
L o n g I s la n d ___ 3 d w k Feb,
6 2 ,0 2 8
6 1 ,0 5 2
4 2 3 ,7 7 7
4 1 5 ,0 9 1
Louis. A M o.R iv, D e ce m b e r.
3 8 ,2 9 3
3 0 .2 5 8
4 8 0 ,2 9 8
4 1 5 ,2 1 3
L ou is.E v. A St.L, 3 d w k Feb,
2 1 ,0 8 2
2 8 ,8 0 5
1 2 4 ,5 2 9
2 0 1 ,9 5 3 .
L ou isv.A N a sh v, 3 d w k Feb
4 1 8 ,7 7 5
3 7 7 ,9 7 5 2 ,8 3 8 ,1 4 5 2 ,7 1 8 ,3 2 ft
L ouis. N . A A C h . 2d w k Feb.
5 1 ,2 1 7
4 7 ,3 1 2
3 0 2 ,6 6 8
2 8 1 ,6 1 7
L ouisv.N .O . A T. 3 d w k F e b .
8 3 ,7 9 2
5 9 7 ,9 5 5
589,382:
6 3 ,5 6 9
Lou. St.L . A T ex. 3 d w k Feb.
11,202
6,5 9 5
9 0 ,6 5 7
5 4 .9 3 5
L y n ch b .A D u r’m J a n u a r y ...
1 0 ,7 8 9
1 0 ,5 9 1
1 0 ,7 8 9
1 0 ,5 9 1
M em phis A Chai 2 d w k Feb.
3 1 .5 3 9
3 1 ,6 7 0
1 8 6 ,9 7 5
2 2 2 ,4 6 1
{M e x ic a n C ent.. 3d w k Feb.
1 45 ,77 2
1 3 4 ,7 9 2 1 .0 2 1 .2 5 5
9 5 2 ,6 3 ft
{M ex . N a t io n a l. 3d w k Feb.
7 4 .5 3 9
5 9 1 ,2 2 2
7 9 ,1 0 9
5 4 5 ,7 2 6
{M e x ica n R ’ way Wk J an . 30
6 5 ,0 3 0
8 0 .3 4 4
2 6 1 ,5 7 4
3 2 1 ,4 0 8
M il.L.Sh. A West 4th w k D e c
7 2 ,1 1 8
6 4 ,4 9 5 3 ,5 2 7 ,7 1 4 3 ,8 4 8 ,5 6 8
M ilw a u kee A N o 3 a w k Feb,
2 6 .9 3 9
2 8 ,6 8 8
2 0 1 .8 7 7
2 1 3 ,7 5 7
M ineral R a n g e . J a n u a ry ...
1 0 ,3 0 0
1 0 ,3 0 0
9 ,9 0 5
9 ,9 0 5
M inn eap. A S t.L . J a n u a r y ...
1 3 1 ,0 7 8
1 0 9 ,7 0 ft
1 0 9 .7 0 0
1 3 1 ,0 7 8
M . S t.P . A S .S .M . J a n u a r y ,..
2 1 4 .0 0 0
1 5 0 ,6 7 4
1 5 0 ,6 7 4
2 1 4 ,0 0 0
M o.K a n . A T ex. 6 3 d w k F eb.
1 5 1 .9 1 4
1 5 6 ,2 2 2 1 ,0 5 3 ,7 8 9 1 ,1 8 2 ,4 2 9
M o .P a c. A lr o n M 3 d w k F eb.
4 9 2 .0 0 0
4 3 2 .0 0 0 3 ,5 2 9 ,4 5 0 3 ,2 1 3 ,0 3 3
M ob ile * B ir m .. N ovem b er.
3 0 ,2 4 0
2 4 3 .0 6 0
2 5 6 ,3 6 4
2 8 ,8 4 4
M ob ile A O h io . . J a n u a r y ...
2 8 1 ,9 2 6
3 2 3 .0 8 5
2 8 1 ,9 2 6
3 2 3 ,0 3 5
M o n te re yA M .G J a n u a ry ..
7 7 ,8 9 3
7 3 ,4 0 5
7 3,4 05
7 7 ,8 9 3
N a sh .C h .A S tL .c J a n u a r y ...
3 9 7 ,8 7 8
3 5 7 ,7 1 3
3 5 7 ,7 1 3
3 9 7 .8 7 8
N. J e rs e y A N .Y . D e ce m b e r.
2 4 ,2 6 8
2 6 5 ,4 0 0
2 9 3 .8 9 2
2 1 .3 4 5
N ew O rl. A S o’n J a n u a r y ...
13,1 42
1 8 ,0 1 5
1 3 ,1 4 2
1 8,0 15
N. Y . C .A H .R .. J a n u a r y ... 3 .0 6 4 ,3 5 1 3 ,0 0 7 ,8 5 2 3 ,0 6 4 ,3 5 1 3 ,0 0 7 ,8 5 2
R o m e W . A Og. J a n u a r y ...
2 5 7 ,5 1 0
3 1 0 ,9 8 5
2 5 7 ,5 1 0
3 1 0 ,9 8 5
T o t. b o th rds. J a n u a r y ... 3 ,3 2 1 .8 6 0 3 ,3 1 8 ,8 3 7 3 ,3 2 1 ,8 6 0 3 ,3 1 8 ,8 3 7
N. Y . L . E . A W. D e c e m b e r. 2 ,6 4 1 ,5 6 2 2 ,3 7 7 ,6 3 5 3 0 ,6 8 5 ,6 3 3 2 9 ,2 0 1 ,7 0 0
N. Y . P a. A Ohio D e c e m b e r.
6 5 4 .8 0 7
6 1 5 .2 5 8 7 ,1 1 9 ,6 5 0 7 ,2 7 9 ,7 2 4
N. Y . A N .E n g .. D e c e m b e r.
5 0 0 ,0 1 4
4 8 2 ,7 7 9 6 ,2 2 9 ,0 3 0 6 ,0 2 9 ,1 2 7
N. Y. A N o r th ’n . J a n u a r y ..
36,09""
3 3 ,1 20 3 6 ,0 9 7
3 3 ,1 2 0
N. Y .O n t A W .. 3 d w k F eb .
3 6 1 ,3 1 4
5 2 ,0 7 0
3 4 4 ,8 6 2
4 7 ,6 0 5
N .Y .S u s q . A W .. D e ce m b e r.
1 3 5 ,0 3 0
1 3 0 ,0 4 8 1 ,6 5 6 ,5 2 3 1 ,5 9 2 ,0 8 3
N orfolk A W e st.. 3 d w k F eb .
1 7 0 ,9 8 6
1 5 7 ,1 8 6 1 ,1 5 6 ,8 0 0 1 ,0 9 8 ,2 6 6
N’th ea st’n (S. C.) N o vem b er.
6 3 4 ,1 1 0
5 2 ,7 1 0
5 2 .3 0 7
6 5 8 ,4 6 8
N orth’ n Central. D e c e m b e r.
6 1 3 .5 9 8
4 8 3 ,4 6 0 6 ,8 2 0 ,5 6 9 6 ,6 0 8 ,7 9 7
N orthern P a cific 3 d w k F eb.
3 4 5 ,8 7 4
3 7 5 ,0 7 9 2 ,5 1 3 ,0 2 2 2 ,8 4 5 ,1 7 9 W is. C t. L ines. 3 d w k F eb.
6 1 6 ,8 5 6
1 0 1 ,8 3 2
8 4 .2 1 3
6 5 3 ,0 2 8
N .P .A W .C ent. 3 d w k F eb.
4 4 7 ,7 0 6
4 5 9 ,2 9 2 3 ,1 6 6 ,0 5 0 3 ,4 6 2 ,0 3 5
O h io A M iss........ 2 d w k F eb.
4 9 0 ,5 8 5
8 8 .6 6 0
5 4 6 ,5 9 3
9 0 ,2 9 8
O h io R iv e r ......... 2 d w k F eb.
68,440*
1 1 ,1 2 5
8 ,9 5 4
7 3 ,5 5 0
O hio S o u th e rn .. J a n u a r y ...
5 1 ,8 2 0
6 3 ,6 6 1
5 1 ,8 2 0
6 3,8 61
O m aha A St. L .. N o v e m b e r.
5
5
6 .0 8 6
4 9 ,6 4 0
4 5 ,0 7 0
4 5 1 ,8 8 5
O regon Im p . Co. D e c e m b e r.
2 9 7 ,8 3 8
3 4 3 ,0 6 3 4 ,2 0 9 ,4 2 8 4 ,5 1 8 ,2 1 6
P e n n sy lv a n ia .. J a n u a r y ... 5 ,0 1 9 ,7 4 1 5 ,3 1 2 ,4 7 5 5 ,0 1 9 ,7 4 1 5 ,3 1 2 ,4 7 5
P eoria D ec. A E v. 3 d w k F eb.
1 1 7 ,5 6 1
1 8 ,3 3 3
1 6,9 44
1 2 2 ,4 6 0
P e te rs b u rg ........ D e c e m b e r.
5 3 0 .6 1 6
4 1 ,2 9 7
4 2 .1 5 7
5 1 9 ,6 4 8
Phila. A E r i e ... D e c e m b e r.
4 1 8 ,8 5 6
3 5 8 ,0 0 6 5 .2 0 1 .3 6 0 5 ,1 1 3 ,7 8 7
P hila. A R e a d ’ g J a n u a r y ... ,7 2 7 ,2 1 4 1 ,7 1 2 ,0 9 0 1 .7 2 7 ,2 1 4 1 ,7 1 2 ,0 9 0 C o a lA I r o n C o , J a n u a r y ... ,5 3 2 ,0 4 1 1 ,4 4 3,76 1 1 ,5 3 2 ,0 4 1 1 ,4 4 3 ,7 6 1
T o ta lb o th C o s. J a n u a r y ... ,2 5 9 ,2 5 5 3 ,1 5 5 ,8 5 1 3 .2 5 9 .2 5 5 3 ,1 5 5 ,8 5 1
P itts. M ar. A Ch. J a n u a r y ...
3 ,6 3 2
3 ,0 2 6
3 ,6 3 2
3 ,0 2 6
P itt.S h e n .A L .E , D e c e m b e r.
2 6 2 ,2 9 5
3 0 ,7 9 4
2 2 ,8 1 5
3 3 7 ,4 4 0
P ittsb. A W est’n N o vem b er.
1 2 2 ,6 3 6
1 2 7 ,3 6 2 1 ,3 5 5 ,3 2 0 1 ,3 5 7 ,6 9 4
P itts.C le v .A T . N o v e m b e r.
4 4 ,2 7 9
4 5 0 ,4 0 7
4 5 ,6 8 0
4 5 2 ,1 8 4
P itts .P a in .A F N o v e m b e r,
2 6 ,5 6 4
2 6 9 ,1 8 4
2 7 ,5 1 2
2 8 4 ,7 9 8
T o ta l system 2 d w k F e b .
2 2 1 ,2 1 5
4 8 ,8 0 8
3 4 ,6 0 3
2 3 7 ,4 0 9
P itt. Y o u n g . A A . J a n u a r y ...
7 8 ,9 6 9
5 8 ,8 0 8
7 8 ,9 6 9
5 8 ,8 0 8
P t. R o y a l A A u g. N o v e m b e r.
2 8 ,5 2 3
3 0 2 ,3 6 9
2 8 .2 1 4
3 3 1 ,8 2 3
P t.R o y . A W. Car. N o v e m b e r.
37,0 55
3
6 t ,424
3 9 ,5 2 5
3 6 3 ,8 2 2
P re s.A A riz.C e n . D e c e m b e r.
1 3 4 ,5 9 5
9 ,5 6 7
1 1 ,0 8 8
1 3 9 ,4 4 3
Q u in cy O. A K .C . J a n u a r y ...
2
2 ,4 7 9 2 5 ,5 9 8
2 2 ,4 7 9
2 5 ,5 9 8
R ic h .A D a n v ille . J a n u a r y ...
5 2 6 ,9 0 0
4 3 2 .9 0 0
5 2 6 ,9 0 0
4 3 2 .9 0 0
Vir. M id la n d .. J a n u a r y ...
1 8 3 .3 0 0
1 4 1 ,5 0 0
1 8 3 ,3 0 «
1 4 1 ,5 0 0
Char. Col. A A u. J a n u a r y ...
9 5 ,7 0 0
6 8 .5 0 0
9 5 .7 0 0
6 8 .5 0 0
C ol. A G reen v. J a n u a r y ...
9 0 .9 0 0
7 1 ,6 0 0
9 0 ,9 0 0
7 1 ,6 0 0
W est. N o. C ar. J a n u a r y ...
8 2 ,5 0 0
6 3 .5 0 0
8 2 .5 0 0
6 3 .5 0 0
G e o rg ia P a c .. J a n u a r y ...
1 6 8 .3 0 0
1 8 2 .9 0 0
1 8 2 .9 0 0
1 6 8 .3 0 0
W ash .O .A W .. J a n u a r y ...
9 ,9 0 0
9 ,7 2 0
9 ,9 0 0
9 ,7 2 0
A sh v . A S p a r t J a n u a r y ...
1 1 ,7 0 0
1 4 ,0 0 0
1 4 .0 0 0
1 1 ,7 0 0
T o t a l Sys’ m. 2 d w k F eb.
3 1 0 ,8 2 5
3 0 7 .9 6 0 1 .5 8 6 .3 6 0 1 ,7 5 6 ,3 2 0 R ich . A P etersb. D e c e m b e r.
2 5 ,2 3 9
3 3 2 ,7 9 8
2 5 .3 0 8
3 2 8 ,3 4 0
R io G r’d e S outh. 2 d w k F e b .
1 8 ,5 2 3
1 0 ,6 32
3 .2 2 6
6 1 ,1 3 4
R io G r. W e s t .. 3 d w k F eb .
2 9 5 ,4 7 5
4 1 .0 0 0
3 7 .5 0 0
2 6 5 ,1 0 0
S ag .T u sco la A H . J a n u a r y ...
6 ,4 3 2
6 ,9 5 4
6 ,4 3 2
6 ,9 5 4
S t.L .A .A T .H .B ’ s 2 d w k F eb .
1 6 5 ,9 1 9
2 7 ,2 1 0
3 1 ,7 6 0
1 7 0 ,7 8 6
St.L. S ou th w ’ rn . 3 d w k F eb.
6
0
2
.6 1 6
8 4 .5 0 0
8 8 ,8 0 0
6 0 5 ,1 4 3
St. P a u l A D u l’ th J a n u a r y .. .
9 0 ,6 9 9
1 1 9 ,8 9 3
9 0 ,6 9 9
1 1 9 .8 9 3
S .A n t.A A r.P a ss. 4 th w k O ct
4 5 ,9 4 1
5 4 .1 5 8
S. F ra n . A N .P a c 2 d w k F e b .
8 0 ,2 6 8
1 1,0 32
10.5 11
7 9 ,0 4 6
S av. A m . A M on. J a n u a r y ...
4 1 ,3 4 7
3 4 ,0 3 5
4 1 ,3 4 7
3 4 ,0 3 5
S av .F la . A W est N o v e m b e r.
2 5 8 ,3 7 2 2 .9 7 3 ,1 7 1 2 ,6 7 9 ,4 2 9 '
2 8 2 ,4 1 9
S ilv e r t o n ............ J a n u a r y ...
7 ,0 2 5
6 ,2 3 0
6 ,2 3 0
7 ,0 2 5
So. P a cific C o.—
G a l.H a r.A S .A . D e c e m b e r.
3 8 7 ,0 0 5
3 3 4 ,9 2 2 4 ,5 1 7 ,5 8 9 4 ,2 8 5 ,6 7 8 L o u is’ a W e s t .. D e c e m b e r.
1 0 4 ,8 6 8
8 7 ,5 3 6 1 ,0 6 1 ,6 7 6 1 ,1 6 0 ,3 3 1
M o rga n ’ sL A T . D e c e m b e r.
6 9 9 ,9 2 2
7 5 3 ,1 7 0 5 ,7 8 2 ,8 3 1 5 ,8 0 0 ,8 3 1 .
N . Y .T .A M e x D e c e m b e r.
2 2 5 ,6 2 9
2 4 ,6 5 0
2 4 1 ,6 7 9
2 2 ,7 2 9
T e x . A N. Orl D e c e m b e r.
1 5 1 ,1 5 6
1 3 6 ,1 2 1 1 ,6 7 4 ,5 0 9 1 ,8 7 1 ,8 1 7 '
A tla n tic sys.ef. D e c e m b e r. 1 ,3 9 1 ,7 1 9 1 ,3 3 4 ,4 7 8 1 3,4 3 9 ,7 3 6 1 3 ,4 87 ,2 4 2 .
P a c ific system D e c e m b e r. 2 ,7 4 2 ,0 0 0 2 ,6 7 6 ,2 1 7 3 7 ,0 0 9 ,5 1 8 3 4 ,8 6 5 ,2 6 2 ,
T o ta l o f a ll. D e c e m b e r. 4 .1 3 3 ,7 2 0 4 ,0 1 0 ,6 9 5 5 0 ,4 4 9 ,2 5 5 4 8,3 5 2 ,6 0 4 »
THE
^February 27, 1862.]
R oad s.
L a tes t E a rn in g s R ep orted .
W eek o r M o 1891-92.
So, Pao. RR.—
CoastDiv. (Cal) November.
So. Div. (Cal.) November.
Arizona Div..¡November.
New Mex. Div. November.
Sioux City & No. J anuary...
South Carolina . J anuary...
S par. Un. & Col. November.
Staten Isl. R. T. 'January...
StonyCl.&CMt.. Deoember.
Summit Branch. January...
Lykens Valley January...
Tot’l both Co’s J anuary...
Penn. Midland.. ¡January...
Berre H. & Peo Septemb’r.
Texas & Pacitie. 3d wk Feb.
Tex.8. V a) &N. W. J anuary...
Tol. A. A.& N. M. J anuary...
Tol. Col. & Cin. 3dwk Feb.
Tol. & Ohio Cent. 3d wk Feb.
Tol. P. & West.. 2dwk Feb.
Tol. St. L. & K.C. 3d wk Feb.
Tol. & So. Haven J anuary...
Ulster & Del___December.
Union Pacific—
Or. 8.L. &U.N. December.
Or.Ry.&N.Co. December.
Un.Pac.D.&G. December.
St. Jo.&G’dlsl. 1st wk Feb
All oth. lines.. December.
Tot.U.P.Sys. Deoember.
Oent.Br.&L.L. Deoember.
Tot. cont’led Deoember.
Montana Un.. December.
Leav.Top. & 8. December.
Man.Al.&Bur. Deoember.
Joint.own’d,.. December.
Grand total. Deoember.
Vermont Valley January...
Wabash..............3dw kFeb.
W ab. Chest. &W. October...
Wash. Southern. O ctober...
West Jersey...... December.
W.V.Cen.&Pitts. December.
West Vir.&Pitts. lOctober...
Western o i Ala. December.
West.N.Y. &Pa. 2dw kFeb
Wheeling* L. E. 3d wk Feb.
Wil. Col. & Aug. November.
Wrightsv.&Ten. January...
lanes. <fe Ohio... lstw k Sept
$
207,536
679,732
190,305
92,722
35,000
113.870
12,662
55,390
1,515
92,123
74,116
166,239
12,660
34,571
130,621
3,590
78,321
5,630
21,788
21,687
34,650
1,532
26,172
CHRONICLE.
J a n . 1 to L a test L a t e
1890-91
1891-92.
$
$
175,130 2,175,511 2,139,668
537,580 6,317,565 5,950,568
176,810 1,871.720 1,850,209
970,768
957,589
90,936
35,000
33,949
33,949
113,870
177.746
177,746
123,036
115,685
12,180
55,390
55,139
55,139
54,399
53,304
1,436
92,123
113,887
113,887
74.116
74,786
74,786
166,239 J 188,672
188,672
17,429
12,660'
17,429
288,646
924,209
984,349
119,966
3,590
3,153
3,153
78,321
74,256
74.256
39,759
41,779
5,645
184,672
173,112
20,259
130,945
107,293
19,808
29,552
282,266
208,336
1,532
1,713
1,713
369,754
23,506
386,788
Latest Gross Earnings by Weeks.—The latest weekly
earnings in the foregoing table are separately summed up as
follows:
For the 8 d week of February the exhibit] promises to be as
satisfactory as for the weeks immediately preceding, the 40
roads which have thus far reported for that week showing a
gain in the aggregate of ?-76 per cent.
B u ffa lo R o ch . & P it t s b ...
C an ad ia n P a c ific ................
C h esap ea k e & O h io ..........
C h ica g o & E ast. I l li n o is ..
C h ica g o M ilw . & St. P a u l.
C h ie .P eoria & S t.L o u is ...
C h ica g o & W est M ich ig a n
C in . J a c k so n A M aekinaw
D e n v e r & R io G r a n d e . . .
D e tr o it L a n s & N orth ern
D u lu th 8 . S. <fc A t la n t ic . . .
E v a n s v . & I n d ia n a p o lis .
E v a n s v . & T e rr e H a u te ..
F t. W o rth & R io G ra n d e.
G ra n d T ru n k o f C an ad a .
I o w a C e n tra l.......................
B a k e E r ie & W e s t e r n ....
L o n g I s la n d ........................
L o u is v . E v a n s v . & St. L ..
L o u is v ille & N a s h v ille ...
L o u is v ille N . O. & T e x a s
L o u is v . S t.L ou is & T e x a s
M e x ic a n C e n tra l...............
M e x ic a n N a tio n a l.............
M ilw a u k ee & N o r t h e r n ..
M o. K a n s a s & T e x a s ........
M o. P a c ific & I r o n M t ...
N e w Y o r k O n t. & W e s t ...
N o rfo lk & W e s t e r n ..........
N o rth e rn P a c ific ...............
W iscon sin C en tra l lin es
P e o ria D e c a tu r A E v a n sv .
R io G ra n d e W e s te rn ........
St. L o u is S o u th w e s te r n ..
T e x a s & P a c i f i c .................
T o le d o C ol. & C in cin n a ti.
T o le d o & O h io C e n t r a l...
T o le d o St. L. & K a n . City.
W a b a sh .................................
W h eelin g & L a k e E r i e ...
1892.
1891.
$
49,788
351,000
164,267
69,143
543,114
24.084
33,010
11.955
173,900
20,303
32,659
5,925
22,245
5,200
333,655
44.418
62,495
62,028
21,082
418,775
83,792
11,202
145.772
74,539
26,939
151.914
492,000
52,070
170,986
345,874
101,832
18.333
41,000
84,500
130,621
5,680
21,788
34,650
256,000
23,497
45,088
340,000
149,617
68,420
471,207
19,884
29,901
12,940
136,000
19,057
27,262
5,658
20,774
3,769
332,200
39,684
54,677
61,052
28,805
377.975
63,569
6,595
134,792
79,109
28,688
156.222
432,000
47,605
157,186
375,079
84,213
16,944
37.500
88,800
119,966
5,645
20,259
29,552
233,000
21,487
$
4,722,035 4,382,181
Net increase (7-76 p.c.)/
In crea se.
$
4,700
11,000
14,650
723
71,907
4,200
3,109
37,900
1,246
5.397
267
1,471
1.431
1,455
4,734
7.818
976
40,800
20,223
4,607
10,980
60,000
4,465
13,800
Ì7.619
1,389
3,500
10,655
35
1,529
5,098
23,000
2,010
392,694
339.854
D ecrea se
1892.
1891.
$
?
Prev’ly report’d <41roads) 4,844,805 4,472,071
Atobison Top. & S. F e ...
580,696
520,673
R oadsj’tly owned ¿2..
29,662
23,589
St. Louis A S. Fran........
116,849
108,550
Roads j’tly owned 1a.
29,103
22,966
In crea se.
$
444,873
60,023
6,073
8,299
6,137
B alt. & O h io S o u th w e s t’n
C h ica g o & G r a n d T ru n k ..
C h ica g o P e o ria & St. L . ..
C in .N .0 . A T .P a c. (5 ro a d s)
C le v e la n d A k ro n & C o l ...
C leve. Cin. C h ic. & S t. L.
P e o ria & E a s te rn ............
C olora d o M id la n d ............
C u rren t R iv e r .....................
D e tr o it Gr. H . <fe M il........
E ast T e n n e s s e e V a .* G a ..
F lin t & P e re M a r q u e t t e ..
G ran d R a p id s & In d ia n a .
C in cin n a ti R . <fc F t. W . .
O th er lin e s .........................
In t. * G t. N o r t h e r n ..........
K an a w h a & M ic h ig a n .. . .
K a n sa s C ity C lin. & S p r ..
K a n . C ity F t. S. & M e m ...
K ansas C. M em . & B ir m .
K e o k u k & W e ste rn ............
L ittle R o c k * M e m p h is ..
L ouis. N. A lb a n y & C h ic.
M em p h is & C h a r le s t o n ...
f O hio & M is siss ip p i..........
O h io R iv e r ............................
R ich . & D a n v . (8 r o a d s ) . .
R io G ran d e S o u th e rn ___
St. L . A lt. & T . H . B rch e s .
San F ra n c is co & N o. P a c.
T o le d o P e o ria & W estern
W e ste rn N . Y . & P e n n ..
1892.
1891.
$
52,448
73.937
24,573
177.218
16,007
246,224
30,518
36.626
2,103
21.563
142,039
58,271
43.601
8.469
4,035
63,930
5,943
5,532
95,797
24,914
6,671
14.338
51,217
31,539
88,660
11,125
310.825
10,632
31,760
11,032
21.687
65,700
$
42,950
69,973
22,285
160.256
16,401
256,248
29,668
35,323
3.418
19.921
148,686
61,007
42,237
8,453
4,332
60,302
5,881
5,039
82,249
21,187
7,004
14,758
47,312
31,670
90,298
8,954
307,960
3,226
27,210
10,511
19,808
68,300
7,390,049 6,880,676
Net increase (7'40 p. 0.).
............
..............
In crea se.
$
9,498
3,964
2,288
16,962
850
l,3b3
1,642
1,364
16
D ecrea se.
9
394
10,024
1,315
6.647
2,736
297
3,628
62
493
13 ,548
3,727
3,905
2,171
2,865
7,406
4,550
521
1,879
..........
608,047
509,373
333
420
131
1,638
m
2,600
98,674
..........
Net Earnings M onthly to Latest Dates.—The table fol
lowing shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the Chronicle of February 20. The next will appear in
the issue of March 19.
-G ro ss E a r n in g s .— . , — R et E a rn in g s.— *
1891-92.
R oads.
1890-91.
$
E.T. Va. & Ga........ a.Jan.
589,156
765,882
July 1 to Jan. 3 1 ... 4,695,986 5,168,485
Iowa Central b .......... Jan.
173,956
127,341
July 1 to Jan. 3 1 ... 1,198,708 1,065,407
Memp. & Charles.a ..Jan.
125,286
157,192
July 1 to Jan. 3 3 ...
984,686 1,141,308
Penn, (east P. &E.).Jan. 5,019,741 5,312,475
Lineswestof P.&E.Jan.
In c . 184,938
Phila. & Reading....Jan. 3,727,214 1,712,090
Dec. 1 to Jan. 3 1 ... 3,608,737 3,398,201
Coal & Iron Co.......Jan. 1,532,041 1,443,761
Deo. 1 to Jan. 31. 3,316,464 3,050,138
Total both Co’s .... Jan. 3,259,255 3,155,851
Dec. 1 to Jan. 31. 6,925,200 6,448,339
Tenn. Coal&I’n Co....Jan....................
1891-92.
1890-91.
$
212,030
76,345
1,279,126 1,502,381
28,242
49,743
326,555
395,053
34,592
15,693
328.267
262,987
1,074,552 1,447,219
57,826
Deo.
728,970
742,710
1,650,394 1,428,624
9,261
10,818
81,585
20,685
751,971
739,793
1,731,979 1,449,310
59,800
42,000
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given above, also
report charges for interest, &c., with the surplus or deficit
above or below those charges.
9
f—I n te r ’ t, ren ta ls, <£c.—* /—B a l. o f N et E a rn s.—*
985
R oads.
Tenn. C o a l* Iron Co. Jan.
1892.
1891.
$
$
36,000
36,000
1892.
$
23,800
1891.
$
6,000
ANNUAL REPORTS.
Chicago & Alton Railroad.
( For the year ending December 31,1891.^
7,723
4,570
1.749
4,308
_
23,205
4.300
52,840
the 2 d week of February the completed statement covers
2 d w eek o f F eb ru a ry .
2d w eek o f F eb ru a ry .
1890-91.
611,396 606, 120 7, 574,457 7,488,032
398,644 485, 4941 5 673,172 4,954,712
443,184 504, 929 5 746.964 5,783,135
111,673
65,071
20,516
13, 7481
1,975,302 1,536, 931 22 721,332 23,569,778
3,583,204 3,196, 341 42 699,588 43,049,249
974,472
894,161
120,243
55, 579
3,703,447 3,251, 920 43 ,593,748 44,023,720
754,930
89,685
82, 192
958,964
30,169
30,993
2,288
2, 124
2,863
3, 729
40,871
39,006
825.965 1,028,963
94,841
88i 045
3,750,867 3,295, 942 44 ,006.731 44,538,203
12,303
12,303
12! 495
12,495
256,000 233i 0 0 0
,907,160 1,695,852
51,782
7,431
57,073
7; ,088
241,194
28,933
25 951
233,207
101,394 101 ,722
,467,059 1,433,104
95,445
85 ,502 ,106,812
981,195
22,761
12 ,550
161,059
93,038
52,175
62 ,864
573,033
563,424
65,700
68 300
170,402
23,497
21 487
156,792
82 091
82,706
856,601
886,028
5,427
9 100
5,427
9,100
3 419
3,607
98,586
101,224
Figures cover only that part of mileage located in South Carolina
t Earnings given are on whole Jacksonville Southeastern System
¿ Kansas City & Pacific included in both years, e Western & Atlan
tic included m January, 1892, but not in 1891. d Includes earnings
from ferries, etc., not given separately. 1 Mexican currency.
3 d w eek o f F eb ru a ry.
363
D ecrea se
$
72,139
President Blackstone makes no remarks this year on the
general railroad situation. Of the Chicago & Alton he says:
“ No change in the amount of capital stock of your company
has been made during the last year. The obligations of the
company have been reduced during the year by the purchase
and cancellation of $74,000 of its six per cent sinking fund
gold bonds and $13,000 of the bonds of the Mississippi River
Bridge Company. During the last eight years there has been
no increase in the capital stock of your company, except 803
shares issued in exchange for an equal number of the shares
of the St. Louis Jacksonville & Chicago Railroad Company.
In this period of eight years $2,153,870 have been charged to
income account and expended in the purchase of additional
real estate, rolling stock and other property. During the same
period the bonded debt of the company has been reduced by
the purchase and cancellation of $735,000 of bonds.” * * *
“ A fraction more than one-fourth of the gross earnings from
freight traffic during the last year was derived from the trans
portation of farm products shipped at local stations.” * * “ The
percentage in 1891 is about three per cent more than the average
for the period of eleven years.” * * “ The number of passengers
carried on your trains was 1,952,465, or 86,117 more than were
carried in 1890. The number o f tons of freight carried was
3,501,327, or 101,622 tons more than were carried in 1890. The
average earnings per passenger per mile was one cent and nine
and one-half mills, an increase of 169-1000 of a cent a mil«
compared with the average in 1890. The average freight earn
ings per ton per mile was 913-1000 of one cent, or 3-100 of a
cent greater than in 1890.
“ The actual rate charged was in no case higher than in the
preceding year. The small increase in average earnings, as
THE
364
CHRONICLE.
above stated, is due to a smaller proportion of cheap fares and
the “transportation of a smaller proportion of the classes ot
freight for which the lowest rates are charged.”
*
The cost of additional property acquired, and the cost ot
work done and material purchased for a second main track
between Pontiac and Lexington, 18 8-10 miles, during the
year, is $220,220.” * * “ The condition of the road has been m
all respects improved from year to year for the last ten years or
more, and will now, in its permanent way, bridges, structures
and rolling stock, compare favorably with the best roads in
the United States.
The statistics of traffic, earnings, income, and the balance
sheet, have been compiled for the Chronicle, as follows :
product, but they feel that a fairly remunerative one should
be received for an article that is at once a necessity, and not
in unlimited aggregate amount. A ll that is requisite to bring
this about is a cordial co-operation on the part of producers to
limit the annual supply to the demand.”
The statistics for four years have been compiled for the
Chronicle, as fo llo w s:
O P E R A T IO N S A N D F IS C A L RESU L TS.
189 1 .
’O perations—
1888.
1889.
1 89 0 .
1 ,9 5 2 ,4 6 5
'P a s se n g e rs ca rried .
1 ,8 3 0 ,5 3 5
1 ,7 1 7 ,6 7 8
1 ,8 6 6 ,3 4 8
1
1
2
,4
6 3 ,5 6 0
P a s s e n g e r m ile a g e ..1 1 8 ,0 0 7 ,5 8 5 1 0 4 ,0 0 0 ,1 0 8 1 1 7 ,0 1 6 ,3 1 2
1-962 cts .
K a t e p, p a ss .p .m ile .
1 -88 2 cts.
2 -1 3 3 cts .
1 -79 3 cts.
3
,5
0 1 ,3 2 7
F r e ig h t it o n s )m o v ’ d
3 .7 8 5 ,1 6 0
3 ,4 6 1 ,3 9 1
3 ,3 9 9 ,7 0 5
• F reigh t(ton s) m il’ e 5 3 3 ,S 6 6 ,3 2 7 5 3 7 ,3 0 1 ,9 2 6 5 1 9 ,6 8 9 ,1 9 1 5 4 7 ,4 7 2 ,0 4 6
0-91
3 cts.
0 -8 8 3 cts.
,A v . ra te p. t o n p . m . 0 -9 1 8 cts.
0 -9 1 8 cts
$
$
E a rn in g s—
$
$
2 ,2 0 6 ,8 4 2
2 ,0 9 8 ,7 6 0
'P a s s e n g e r .....................
2 ,2 2 1 ,0 0 5 2 ,2 1 8 ,7 0 3
4 ,9 9 8 ,1 1 5
4 ,5 8 8 ,2 2 5
F r e i g h t ........................
4 ,9 0 1 ,2 4 8 4 ,9 3 2 ,2 9 7
3 8 5 ,9 2 4
3
7
8
,7
6
9
3
6
5
,6
1
7
.M a il, e x p r e ss , & c ..
3 8 9 ,2 1 2
T o t.g ro s s ea rn s. 7 ,5 1 1 ,4 6 5
•'Operating exp en ses1 ,2 3 5 ,2 1 7
M a in ten a n ee o f w a y
4 1 0 ,7 0 4
M a in te n a n ce o f ca rs
1 ,3 9 1 ,0 9 1
M o t iv e p o w e r .» ........
l , e 3 ’i;0 7 3
T r a n s p o r t a t io n e x p
T o t. (in cl.ta x es )
N e t e a rn in g s ............
p . c . o f o p .e x .t o earn
4 ,6 6 8 ,0 3 5
2 ,8 4 3 ,3 8 0
6 2 -1 4
7 ,5 1 6 ,6 1 7
7 ,0 6 5 ,7 5 4
7 ,5 9 0 ,8 3 1
1 ,1 6 3 .1 5 8
5 1 9 ,6 6 6
1 ,3 5 8 ,1 7 6
1 ,5 3 0 ,7 3 6
9 8 2 ,9 4 0
4 3 6 ,0 3 8
1 ,3 1 6 ,3 7 4
1 ,6 4 6 ,6 4 8
8 6 1 ,1 0 1
5 1 3 ,8 3 1
1 ,4 2 4 ,7 7 2
1 ,6 5 9 ,0 4 6
4 ,5 7 1 ,7 3 6
2 ,9 4 4 ,8 8 1
6 0 -3 2
4 ,3 8 2 ,0 0 0
2 ,6 8 3 .7 5 4
62-0 1
4 ,4 5 8 ,7 5 0
3 ,1 3 2 ,1 3 1
5 8 -7 3
o m p a n y ’ s fr e ig h t .
IN CO M E ACCOU NT.
R eceip ts—
N e t e a r n in ffs ..
O th e r re c e ip ts .
D isbursem ents—
C p n st’n , e q u ip ., & c .. .
D iv id e n d s .........
M lsceli au eou s.
188 8 .
$
2 ,8 4 3 ,3 8 0
2 7 3 ,2 5 2
1889.
$
2 ,9 4 4 ,8 8 1
2 7 3 8 75
1890.
$
2 ,6 3 3 ,7 5 4
2 7 3 ,4 9 7
1891.
$
3 ,1 3 2 ,1 3 1
2 7 2 ,5 6 7
3 ,1 1 6 ,6 3 2
3 ,2 1 3 ,7 5 6
2 ,9 5 7 ,2 5 1
3 ,4 0 4 ,6 9 8
6 6 5 .4 5 5
5 3 ¡,5 4 2
8 2 5 ,6 5 8
1 ,4 0 7 ,6 0 8
1 0 6 ,9 2 4
6 6 9 ,4 7 8
1 5 9 ,8 1 0
8 2 3 ,4 9 5
1 ,4 0 7 ,7 1 2
3 8 ,0 5 9
6 5 2 ,4 1 1
1 8 4 ,2 7 1
8 1 6 ,1 6 1
1 ,4 0 7 ,5 6 0
1 8 9 ,2 2 7
6 7 4 ,7 2 2
2 0 0 ,2 2 0
8 1 0 ,3 8 7
1 ,4 0 7 ,5 6 0
8 8 ,7 4 2
3 ,1 8 1 ,6 3 1
3 ,2 4 9 ,6 3 0
d f.2 9 2 ,3 7 9 s u r.2 2 3 ,0 6 7
BALANCE SHEET D ECEM BER 31.
1 89 1 .
1889.
1 89 0 .
$
Assets—
$
$
3
2
,1
7 8 ,9 2 2
R o a d a n d e q u ip m e n t........................ 3 2 ,1 7 7 ,7 4 6 3 2 ,1 7 8 ,6 6 7
3 ,8 8 4 ,6 3 6
B o n d s an d stock s o w n e d ................. 3 ,8 6 1 ,6 3 6
3 ,3 6 5 ,0 2 0
7 5 ,0 0 0
L a n d s o w n e d ........................................
7 5 ,0 0 0
7 5 ,0 0 0
2 7 8 ,7 6 2
3 2 1 ,9 2 1
3 1 3 ,7 3 0
M a teria ls a n d s u p p lie s .....................
1 0 0 ,5 8 0
S in k in g f u n d ................................
1 1 1 .3 3 7
6 1 ;6 1 3
5 3 ,5 9 7
B ills r e c e iv a b le ....................................
9 4 ,5 0 3
3 9 0 ,8 6 5
D u e fr o m a gen ts, in d iv id u a ls, & c.
4 5 0 ,4 5 3
3 4 3 ,4 9 a
1 ,3 2 4 ,7 2 2
C a s h .......................................................... 1 ,3 7 0 ,5 9 8
9 3 5 ,7 9 6
1 ,5 0 0
I llin o is T ru st & Sav. B k .,t r u s t e e ..
1 ,5 0 0
1 ,5 0 0
3 ,0 9 8 ,5 5 4
T o t a l d isb u rsem ’ t s . 3 ,5 3 7 ,1 8 7
B a l a n c e ............ ............d f. 4 2 0 ,5 5 5 s u r.1 2 0 ,2 0 2
T o t a l a ssets.................................... 3 8 ,4 6 4 ,6 9 4 3 7 ,8 5 3 ,9 2 7 3 8 ,2 8 8 ,5 8 4
L ia b ilities—
C o m m o n s t o c k ..................................... 1 4 ,1 1 5 ,0 0 0 1 4 ,1 1 5 ,0 0 0 1 4 ,1 1 5 ,0 0 0
3 ,4 7 9 ,5 0 0
3 ,4 7 9 ,5 0 0
P r e fe r r e d s t o c k .................................... 3 ,4 7 9 ,5 0 0
1 .5 0 0 .0 0 0
1 ,5 0 0 ,0 0 0
J o l ie t & C h ica g o s to c k , g u a r . . . . . . 1 .5 0 0 .0 0 0
3
0
0
.0
0
0
3 0 0 .0 0 0
3
0
0
.0
0
0
M is siss ip p i B rid g e Co. s to c k , guar.
F u n d e d d e b t (see S u p p l e m e n t ) . . . 1 3 ,2 9 7 ,9 5 0 1 3 ,1 2 9 ,9 5 0 1 3 ,0 4 2 ,8 5 0
2
.0
3
1
.0
0
0
2
,1
1 8 ,1 0 0
B o n d s c a n c e le d .................................... 1 .8 6 3 .0 0 0
5 4 4 ,1 7 6
5 2 6 ,7 8 3
6 1 3 ,3 1 4
Y b u c h e r s , a cco u n ts p a y a b le , & e ..
2 4 2 ,5 4 2
4 1 8 ,7 0 6
1 1 7 ,4 6 1
D u e o th e r c o m p a n ie s, & e ....................
1 0 8 ,0 2 4
1 0 8 ,3 7 4
1 0 8 ,3 5 4
R e n t a ls a c c r u e d ..................................
120.000
120.000
120.000
R e a l es ta te a p p ro p ria tio n s ..............
2 ,4 2 3 ,5 1 0
2 ,6 4 6 ,5 7 6
I n c o m e a co o u n t................. .................. 2 ,7 1 5 ,8 9 0
2 ,4 4 8
2 ,3 4 8
2 ,3 4 7
.M is ce lla n e o u s ....................................-.
T o ta l lia b ilit ie s ........................ ..3 8 ,4 6 4 ,6 9 4
3 7 ,8 5 3 ,9 2 7
3 8 ,2 8 8 ,5 8 4
Delaware & Hudson Canal Company.
(F or the year ending December 81,1891. J
The annual report of the President, Mr. Robert M. Olyphant
«taies that the net profits of the business for the past year have
been $2,204,049, or about 7 35-100 per cent on the capital stock
The market in 1891 was constantly ever-supplied, and prices
necessarily continued low. The total output of coal in 1891
was 40,448,336 tons, or over 4,500,000 tons in excess of that of
1890, and over 2,250,000 more than in anj year in the history
o f the anthracite trade.
The amount of coal carried over the leased lines of the
company shows a gratifying increase, but the business from
other sources was greatly diminished in volume owing to the
depressed condition of the iron and other industries from
which their revenue is generally derived, and there was an
entire absence of the large receipts from transportation of ice
that swelled the earnings o f the previous year, and the result
is à debit to the profit and loss account of $121,564, as against
thé profit of $417,534 for 1890.
The additions to equipment during the year were: 10
freight locomotives, 6 passenger locomotives, 2 switch locomo
tiyes, 921 coal cars, 150 box cars, 6 passenger cars; also 10,254
tons of steel rails have been paid for.
In conclusion Mr. Olyphant remarks: “ As may be inferred
from what has been said above, the season of 1892 opens with
-very low prices for coal. This is not due to any falling off iD
the average demand, but simply, as your managers believe, to
a mistaken policy of the producing companies. Your man
agers would deprecate a high or speculative price for your
[V ol. LIV.
IN CO M E ACC OU N T.
1888.
R eceip ts—
$
F r o m c o a l...................... 1 0 ,6 2 2 ,0 6 7
F ro m r a ilr o a d s ........... 9 ,5 5 4 ,2 2 1
F r o m m is c e lla n e o u s ..
5 5 2 ,8 9 2
1889.
$
8 ,6 5 2 ,3 1 8
9 ,4 8 2 ,9 7 5
8 2 2 ,3 0 0
1890.
7 ,8 0 0 .2 0 7
1 0 ,4 6 8 ,6 7 4
9 1 1 ,9 6 3
1891.
$
8 ,3 3 5 ,0 1 0
1 0 ,0 6 2 ,3 2 4
7 1 1 ,8 6 9
T o t a l ............. .. ... .2 0 ,7 2 9 ,1 8 0 1 8 ,9 5 7 ,5 9 3 1 9 ,1 8 0 ,8 4 9 1 9 ,1 0 9 ,2 0 3
O p e ra tin g e x p e n s e s .. 1 4 ,0 4 4 ,7 1 0 1 2 ,9 9 2 ,8 6 8 1 3 ,1 0 1 ,1 7 6 1 3 ,5 1 1 ,7 7 6
6 ,6 8 4 .4 7 0
N e t .........................
I n t ., t a x e s & re n ta ls . 3 ,3 4 0 ,3 3 6
5 ,9 6 4 ,7 2 5
3 ,4 2 6 ,8 2 9
6 ,0 7 9 ,6 7 2
3 ,5 1 1 ,3 3 3
5 ,5 9 7 ,4 2 7
3 ,3 9 3 ,3 7 7
B a la n c e ................... 3 ,3 4 4 ,1 3 4
2 ,5 3 7 ,8 9 6
2 ,5 6 8 ,3 4 0
2 ,2 0 4 ,0 5 0
P R O F IT A N D LO SS.
1888.
R eceip ts—
$
S ales o f c o a l ................ 1 0 ,6 0 4 ,4 6 5
C an al t o lls ....................
5 6 ,6 7 5
In t. o n in v e st. & m is c .
6 2 6 ,3 2 8
C oal o n h a n d D e c . 3 1 .
2 0 1 ,2 9 9
R R . ea rn s, in P e n n . . . 1 ,0 4 1 ,7 5 6
1839.
$
8 ,4 5 7 ,5 1 9
5 9 ,5 8 7
7 6 2 ,7 1 3
3 9 6 ,0 9 9
1 ,0 8 1 ,5 1 7
T o t a l......................... 1 2 ,5 3 0 ,5 2 2
1 0 ,7 5 7 ,4 3 5
2 6 1 ,2 9 9
4 ,7 5 7 ,2 3 1
1890.
$
7 ,8 7 5 ,3 7 9
5 8 ,1 8 3
8 5 3 ,7 8 4
3 2 0 ,9 2 7
1 ,6 9 3 ,2 2 6
1 89 1 j
$
7 ,5 7 4 ,1 1 4
5 5 ,5 7 0
6 5 6 ,2 9 9
1 ,0 8 1 ,8 2 3
1 ,1 2 5 ,6 9 4
1 0 ,8 0 1 ,4 9 9 1 0 ,4 9 3 ,5 0 0
C ^ o n >h a n d ,J a n . 1 ..
1 8 3 ,6 9 7
M in in g c o a l ................... 5 ,3 1 3 ,1 3 8
T ra n s, to t id e w a te r
v ia E r ie ....................... 1 ,1 6 4 ,8 2 7
T ra n sp o rt, e x p e n se s ,
9 3 2 ,2 8 2
ca n a l, r iv e r , & c ........
9 8 6 ,9 9 4
I n t e r e s t ..........................
T e rm in a l e x p e n s e s
4 3 6 ,2 6 2
a n d m is c e lla n e o u s ..
1 6 9 ,1 8 9
T a x e s .......................... .
1,3 4 4,13 4
B a la n c e .......................... 3,
9 8 6 ,5 7 6
9 9 5 ,3 4 0
9 0 8 ,8 2 2
9 8 9 ,8 9 4
8 6 7 ,3 3 5
7 2 1 ,1 4 9
4 9 8 ,5 4 8
1 6 5 ,8 3 4
2 ,5 3 7 ,8 9 7
4 8 9 ,9 7 3
2 2 0 ,7 7 1
2 ,5 6 6 ,3 3 8
4 3 8 ,4 5 4
2 5 8 ,7 4 3
2 ,2 0 4 ,0 4 9
T o t a l.........................1 2 ,5 3 0 ,5 2 3
1 0 ,7 5 7 ,4 3 5
1 0 ,8 0 1 ,4 9 9
1 0 ,4 9 3 ,5 0 0
6 1 4 ,7 1 0
3 9 6 ,0 9 9
4 ,6 7 5 ,5 1 9
3 2 0 ,9 2 7
4 ,9 6 6 ,3 5 7
___
7 1 6 ,4 8 6
5 5 4 ,0 8 3
G E N E R A L B A L A N C E A X CÎ.O SE O ff E A C H F IS C A L Y E A R .
1889.
188 8 .
$
A ssets—
$
6 ,3 3 9 ,2 1 0
C an al............................... 6 ,3 3 9 ,2 1 0
7 ,9 1 2 .5 0 6
R a ilro a d an d e q u ip ’t . 7 ,4 5 7 ,6 6 0
R e a l e s ta t e ................... 1 0 ,8 9 4 ,0 9 3 1 1 ,0 9 7 ,4 5 1
2 ,9 4 1 .5 1 5
M in e im p ’t s ,f lx t ’ s,& o. 2 ,8 3 9 ,8 6 6
9 9 5 ,2 0 6
C oal-y ard , b a r g e s ,& c.
8 9 0 ,2 0 8
1 ,0 6 2 ,4 6 7
L a ck . & Susqueh. R R . 1 ,0 2 2 ,9 3 8
3 ,9 2 1 ,0 2 7
N. Y . & C an ad a R R . . 3 ,8 9 5 ,6 6 6
210,000
C her’y Y T S h .& A l.R R ,
2 1 0 ,0 0 0
5 9 ,9 7 2
M eehan. & F t.E d . R R .
5 9 ,9 7 2
2 1 4 ,8 9 5
Sohen. & M eeh an . R R .
2 1 3 ,7 6 1
2
1 5 ,6 4 1
A lb .& S u s q co n s t ’ c t ’n
9 3 ,4 1 8
3 9 6 ,0 9 9
C oal o n h a n d D e o . 31.
2 0 1 ,2 9 9
7 1 ,0 6 5
A d v a n c e s t o l ’ s’d lin e s
3 2 8 ,9 3 3
8 8 8 ,0 2 5
A d v . o n c o a l ro y a ltie s
7 8 8 ,1 8 5
5
,0
9
3 ,3 6 6
M iscella n eou s a ss e ts. 4 ,1 7 6 ,5 1 9
1 8,7 08
T e le g r a p h ......................
1 4 ,7 3 5
1 ,5 5 2 ,4 8 3
Supplies, to o ls , & o .... 1 ,2 6 1 ,8 7 7
C ash a n d b ills & a c
3 ,3 5 2 ,2 7 9
co u n ts r e c e iv a b l e .. 4 ,9 3 2 ,0 2 9
1891.
1 89 0 .
$
$
6 .3 3 9 .2 1 0
6 ,3 3 9 ,2 10
8 ,5 3 4 ,1 1 9
9 ,3 4 5 ,8 02
1 1 ,4 5 9 ,3 2 5 i l l ,5 2 0 ,7 8 0
3 ,0 3 3 .4 6 9
3.,0 5 7 ,1 4 4
1 ,0 3 6 ,3 3 L 1 ,0 8 4 ,9 0 7
1 .0 6 2 ,4 6 7
1 ,0 8 7 ,5 7 7
3 .9 9 7 .2 1 1
4 0 3 3 ,0 3 0
210,000
210,000
5 4 ,9 9 8
2 1 4 ,8 9 5
3 3 2 ,1 6 4
3 2 0 ,9 2 7
6 5 8 ,6 1 6
9 8 9 ,2 0 4
5 ,5 7 5 ,2 4 1
1 8 ,7 0 8
1 ,4 1 0 ,7 7 6
5 4 ,9 9 8
2 1 4 ,8 9 5
3 4 5 ,5 2 3
1 ,0 8 1 ,8 2 3
376
" ,0 4 5 ,2 0 0
,672,601.
1 8 ,7 0 8
,7 2 3 ,1 6 6
6 ,0 1 1 ,7 8 0
1 ,7 4 0 ,2 2 6
T o ta l a s s e t s ..._4 5 ,6 2 0 ,3 7 2
4 6 ,3 4 1 ,9 6 0
5 1 ,2 5 9 ,4 4 5 4 7 ,5 7 5 ,9 6 6
S t o l ^ UltieS~ ................. 2 4 ,5 0 0 ,0 0 0
B o n d s ........................... 1 5 ,3 7 8 ,0 0 0
O ther a c c o u n t s _______
7 3 3 ,6 9 2
Surplus fu n d .................. 5 ,0 0 8 ,6 3 0
2 4 ,5 0 0 ,0 0 0
1 5 ,3 7 8 ,0 0 0
6 9 2 ,8 5 5
5 ,7 7 1 ,1 0 5
3 0 ,0 0 0 ,0 0 0
1 5 ,3 7 8 .0 0 0
6 6 9 ,8 8 9
5 ,2 1 1 ,5 5 6
4 6 ,3 4 1 ,9 6 0
5 1 ,2 5 9 ,4 4 5 4 7 ,5 7 5 ,9 6 6
T o ta l lia b ilit ie s .. .45^ 62 0 ,3 7 2
3 0 ,0 0 0 ,0 0 0
9 ,8 2 9 ,0 0 0
U ,9 2 4 ,1 9 8
5 ,8 2 2 ,7 6 8
- T hese m is ce lla n e o u s a ssets in c lu d e th e fo llo w in g : S u n d ry b o n d s ,
$ 5 3 ,4 7 0 ; 4 .5 0 0 sh a res A lb a n y & S u sq u eh a n n a R R ., $ 4 5 0 ,0 0 0 ; 1 6 ,0 0 0
shares R e n sse le a r & S a ra to ga R R ., $ 1 ,6 0 0 ,0 0 0 ; 4 0 ,0 0 0 sh a re s R u t la n d
R R , $ 1 ,5 0 0 ,0 0 0 ; A d ir o n d a ck R R . sh a res, $ 7 1 1 ,1 4 9 ; s u n d ry s to c k s ,
Qg2,
^ t In te re st a n d d iv id e n d s p a y a b le J a n u a ry . $ 4 4 3 ,8 2 8 ; d iv id e n d s , in te r
est a n d b o n d s u n p a id , $ 2 8 0 ,3 7 0 ; lo a n s p a y a b le , $ 1 ,2 0 0 ,0 0 0 .
Î O f th is $ 5 ,6 9 9 ,6 4 1 is No. C oa l & I r o n Co.
Lehigh Coal & Navigation Company.
(For the year ending December 31,1891.^
The President, Mr. J. S. Harris, says in his report: “ The
total revenue for the year 1891 was $2,129,560. The disburse
ments for general expenses, rentals, taxes and interest aggre
gated $1,147,224, leaving surplus earnings of $982,336. Out
of this sum $96,789 was appropriated to the coal sinking fund,
$100,679 for thé depreciation of coal improvements and $715,150 to the payment of two dividends upon the capital stock,
amounting together to 5 per cent.
“ The earnings of the Lehigh & Susquehanna Railroad sys
tem are the greatest in the history of the road, and are $191,412 above those of the preceding year. The earnings from,
passengers and mails are larger than for any year since 1883;
the freight earnings are the largest in the history of the road,
but the coal earnings were exceeded by those of 1888 and 1889. ’
*
*
*
The total revenue o f the road has doubled in
the last twelve years and the freight earnings have doubled
in the last ten years.
.
“ The cost of producing coal averaged $1'406 per ton, which
is the lowest cost since 1885. This favorable result is largely
due to the increasing production of small coals, which swell
the tonnage without adding much to the expenses, it being
difficult to make other economies great enough to materially
affect the cost of production.”
*
*
“ The mortgage ou our Greenwood coal property, which
originally amounted to $830,000, but which has been reduced
to $643,000, matured February 1, 1892. These bonds, which
bore interest at the rate of 7 per cent per annum, have been
paid off, and a like amount of our general mortgage bonds,
bearing 4.% Per cen^ interest, have been sold to provide means
F eb r u a r y
TH E
27, 1882. J
365
CHRONICLE.
for taking up the maturing loan. This transaction will make
a saving hereafter in our interest charges of $16,075 per
annum.
“ Within the past few days an agreement has been made by
the Port Reading Railroad Company for the lease of the Cen
tral Railroad Company of New Jersey which will probably
result in great advantage to this company, as in addition to
the better returns from our coal business which should result
from harmonious action among producers, the stipulated earn
ings of our railroad system will ensure to this company mini
mum annual railroad rentals for the first four years of $1,800,000, and thereafter minimum annual rentals of $l,916,6o7, be
ing an increase in the first four years of about $400,000 and
thereafter of about $500,000 over our present minimum
Philadelphia & Erie Railroad.
(For the year ending Dec. 81, 1891.^
The report of President Wilson says: “ On August 1 the
freight-car equipment theretofore assigned to the Philadelphia
Erie Railroad by the lessee, and. on the valuation
of which interest had been paid, was transferred b a ck ;
the interest on this equipment consequently ceased from
that date, and compensation for the use of the ears
has since been calculated on a mileage basis. This
change, being made in the middle of the year, w ill
render difficult any comparison of the conducting transporta
tion accounts of 1891 with those of previous years, as the; in
terest on equipment, although a charge against the Philadel
phia & Erie Railroad, did not enter into operating expenses,
x c n t d il ^
and as this road, not being now represented by any freight
Receipts and disbursements for three years have been as equipment, does not participate in any earnings from car ser
fo llo w s:
vice on other lines. The new system will very much simplify
1891.
1890.
1 88 9 .
the keeping of accounts, and it is believed will diminish ex
$
$
■
$
P r o m ra ilro a d s a n d N esq u e. T u n n e l.. 1 ,8 1 6 ,4 3 6 1 ,7 6 6 ,1 7 4 1 ,8 3 5 ,7 5 4 penses.
3 8 ,1 6 1
“ A claim of a somewhat complicated character by the com
1 5 8 ,8 3 7
148349
N e t p ro fits on L e b ig b C o a l...................... 2 0 4 ,5 6 3
9 6 ,8 0 8 monwealth for back taxes alleged to be due by this company
1 0 5 ,3 0 8
8 3 ,7 7 1
R o y a lt y o n c o a l m in ed , & c .....................
has been satisfactorily adjusted, but the question of liability
T o t a l r e c e ip t s ....................................... 2 ,1 5 3 ,2 6 4 2 ,0 6 5 ,0 4 9 2 ,1 2 9 ,5 6 0 for taxes upon capital stock is awaiting the action of the
D isbu rsem en ts—
8 1 5 ,3 2 6 courts.
8 0 3 ,5 5 9
8 1 6 .3 9 4
I n t e r e s t a c c o u n t ..........................................
“ It will be noticed that the cost of construction has been
3 3 1 ,8 9 7
3 3 6 ,5 6 2
3 4 4 ,7 0 2
R e n t a ls , t a x e s , & o ......................................
increased $75,328 during the year. This sum is made up as
1
,1
4
7
,2
2
3
1
,1
4
0
,1
2
1
1
,1
6
1
,0
9
6
T o t a l d is b u r s e m e n ts ..........................
follows: Additional real estate and right of way, $15,817; addi
9 8 2 ,3 3 7 tional side track, $24,765; extension of second track, $20,846;
9 2 4 ,9 2 8
9 9 2 ,1 6 8
B a la n c e o f e a rn in g s ..........................—
9
6
,7
9
0
9
9
,1
5
0
1
1
8
,2
4
2
new passenger and freight stations, $1 2 ,0 0 0 ; new water sta
L e s s sink. fd . o f 1 0 p . c. p . t o n o n c o a l
1 0 0 ,6 8 0
1 0 7 ,5 3 3
1 0 5 ,9 1 1
L e s s d e p r s c ’ n o n c o a l im p r’v ’ m ’ ts, & c
tion, $1,900.”
The earnings, expenses and charges were as follows :
1 9 7 ,4 7 0
2 0 6 ,6 8 3
2 2 4 ,1 5 3
7 6 8 ,0 1 5
7 6 6 ,6 9 1
B a la n ce t o cr e d it o f d iv ’ d fd . J an . 1 . .
D iv id e n d s (5 p e r c e n t ) ............................
1 ,5 3 4 ,7 0 6
6 4 1 ,1 9 3
B a la n c e t o c r e d i t o f d iv ’d fu n d D e c . 3 1
8 9 3 ,5 1 3
7 1 8 ,2 4 5
8 9 3 ,5 1 3
7 8 4 ,8 6 7
8 9 7 ,2 7 4
1 ,6 1 1 ,7 5 8
7 1 4 ,4 8 4
1 ,6 8 2 ,1 4 1
7 1 5 ,1 5 0
8 9 7 ,2 7 4
9 6 6 ,9 9 1
New York Susquehanna & Western Railroad.
( For the year ending December 81, 1891. J
The report of Mr. Simon Borg, President, remarks that the
gross earnings in 1891 show an increase of $64,489, and the net
earnings $47,674 over the previous year. The completion of
1 8-10 miles of new second track between Rochelle Park and
Hackensack cost $51,995. This, and the important improve
ments at West End, costing $147,960 up to Dec. 31, gives a
continuous line of double track from Paterson to Jersey City.
A ll improvements during the year have been charged to oper
ating expenses except the cost of the second track and the
West End double track, iron bridges and viaducts.
The management, looking forward to an increased business
in 1892, have invited bids for 250 coal and 50 box cars. The
coal tonnage for 1891 was 932,122 tons, an increase of 86,740
tons, or 10'26 per cent, over 1890.
The managers deemed it safe to pay the dividend o f 1/^t Per
cent in October last, and believe that 2 ^ per cent per annum
can be maintained.
The pamphlet report is not yet ready, but the C h r o n i c l e
has been furnished with the figures with which to make up
E a rn in g s fr o m —
P a ss e n g e rs ...............
F r e ig h t......................
C ar s e r v ic e ...............
M a il, e x p r e ss , & c ..
M is ce lla n e o u s .........
1 88 8 .
$
2 6 1 ,5 8 0
1 ,1 0 9 ,7 5 2
2 5 ,1 1 6
2 7 ,2 9 2
2 2 ,1 6 0
188 9 .
$
2 7 9 ,5 2 5
1 ,0 5 5 ,7 2 9
2 4 ,6 7 7
3 3 ,0 8 3
9 ,4 5 3
1890.
$
2891243
1 ,2 0 3 ,9 3 7
3 6 ,1 1 1
3 8 ,4 1 7
2 4 ,3 7 5
1891
$
3 0 2 ,9 0 3
1 ,2 4 4 ,1 5 1
4 1 ,3 0 7
3 0 ,1 8 3
3 7 ,9 7 7
T o ta l e a rn in g s . . ,
O p e ra t. e x p . & t a x e s
1 ,4 4 5 ,9 0 0
8 4 9 ,9 9 0
1 ,4 0 2 ,4 6 7
8 5 1 ,0 2 9
1 ,5 9 2 ,0 8 3
9 2 1 ,1 3 7
1 ,6 5 6 ,5 2 2
9 1 0 ,0 6 7
N e t e a rn in g s ___ _
5 9 5 ,9 1 0
5 5 1 ,4 3 8
6 7 0 ,9 4 6
7 1 6 ,4 5 5
1890.
$
6 7 0 ,9 4 6
3 0 ,4 0 1
189 1 .
$
7 1 6 ,4 5 5
3 0 ,0 5 0
INCOME ACCOUNT.
O th e r in c o m e .
D isbu rsem en ts—
In t e r e s t o n b o n d s . . . .
R e n t a ls .................. .........
D iv id ’d o n p r e f. s to c k
M is c e lla n e o u s ..............
T o t . d isb u rsem ’ts
B a la n c e , s u rp lu s........
1888.
$
5 9 5 ,9 1 0
2 5 ,8 2 8
1 88 9 .
$
5 5 1 ,4 3 8
3 3 ,5 2 7
6 2 1 ,7 3 8
5 8 4 ,9 6 5
7 0 1 ,3 4 7
7 4 6 ,5 0 5
4 4 1 ,1 2 0
2 6 ,4 9 7
4 4 1 ,1 2 0
2 6 ,4 9 1
4 4 5 ,4 5 9
2 6 ,4 4 6
2 ,6 9 9
1 2 ,9 5 5
2 5 ,7 7 6
4 6 9 ,5 8 6
2 6 ,4 4 6
1 0 0 ,0 0 0
1 4,9 93
4 7 0 ,3 1 8
1 5 1 ,4 2 0
4 8 0 .5 6 7
1 0 4 ,3 9 8
4 9 7 ,6 8 1
2 0 3 ,6 6 6
6 1 1 ,0 2 5
1 3 5 ,4 8 0
GENERAL BALANCE AT CLOSE OF EACH FISCAL TEAR.
1888.
A ssets—
$
R R ., b ’ld ’ s, eq u ip ., & c.2 8 ,0 5 9 ,1 4 5
ist’ ks & b ’d s o w ’d, c ’ s t . 1 ,3 8 0 ,3 1 5
C u rren t a c c o u n t s ........
4 2 1 ,5 6 2
B ills r e c e iv ’l & a d v . . .
3 1 2 ,2 5 4
M a te ria ls, fu e l, & c .. . .
3 2 ,8 1 3
C a sh o n h a n d ...............
1 1 7 ,1 0 8
M is ce lla n e o u s ...............
5 1 ,9 4 2
1 88 9 .
$
2 8 ,2 8 7 ,3 2 2
1 ,2 2 1 ,9 1 2
5 7 2 ,1 5 5
4 3 4 ,4 6 0
3 5 ,5 8 2
8 0 ,1 9 0
1890.
s
2 8 ,6 9 5 ,4 1 1
1 ,2 0 4 ,5 3 1
8 0 2 ,6 1 1
4 6 5 ,1 2 6
5 3 ,0 7 4
7 9 ,1 4 8
T o t a l assets........... 3 0 ,3 7 5 ,1 3 9 3 0 ,6 3 1 ,6 2 1 3 1 ,2 9 9 ,9 0 1
L ia b ilities—
S t o c k ......................... ...2 1 ,0 0 0 ,0 0 0 21, 000,000 21 , 000,000
8 ,4 5 2 ,0 0 0
8 ,1 3 6 ,0 0 0
F u n d e d d e b t ................. 8 ,1 3 6 ,0 0 0
3 8 8 ,5 8 1
3 4 9 ,0 0 0
B ills p a y a b le .................
1 9 5 ,0 0 0
7 9 4 ,3 6 4
6 6 2 ,5 1 6
S u n d r y a c c o u n ts ..........
6 5 7 ,7 4 5
5 4 ,0 8 8
5 5 ,0 8 8
L a n d d e p a r tm e n t.___
5 1 ,5 8 8
6 1 0 ,8 7 0
4 2 9 ,0 1 7
P r o f it a n d l o s s .............
3 3 4 ,8 0 6
T o t a l lia b ilit ie s ... 3 0 ,3 7 5 ,1 3 9
3 0 ,6 3 1 ,6 2 1
3 1 ,2 9 9 ,9 0 3
1891.
$
2 8 ,9 9 6 ,6 0 2
1 ,1 4 5 ,2 7 1
9 0 5 ,4 5 0
4 9 4 ,9 3 0
3 5 ,4 9 7
8 4 ,8 5 0
3 1 ,6 6 2 ,6 0 2
21 ,000,000
8 ,8 2 0 ,0 0 0
3 6 3 ,6 4 1
* 6 9 7 ,8 7 2
4 6 ,8 8 8
7 3 4 ,1 9 9
3 1 ,6 6 2 ,6 0 2
* In clu d e s $ 3 4 7 ,0 8 3 p a y -ro lls a n d v o u ch e r s, $ 1 9 3 ,8 5 1 re n ta ls a n d in in t e r e s t a c c r u e d b u t n o t d u e,a n d so m e sm a ller item s.
EARNINGS AND EXPENSES.
1888.
$
E a rn in g s—
........
5
9 8 ,2 9 5
P a s s e n g e r ......................
F re ig h t............................ ........3 ,6 7 1 ,1 4 2
M ail, e x p r e ss , & c ........ ........ 1 0 3 ,6 0 5
1889.
$
6 5 7 ,9 4 5
3 ,9 1 4 ,4 8 8
1 1 6 ,7 0 1
1 89 0 .
$
7 1 7 ,2 2 2
4 ,2 6 2 ,2 5 4
1 3 4 ,3 1 1
189 1 .
$
7 3 9 ,3 0 6
4 ,3 3 4 ,6 9 3
1 2 7 ,3 6 2
T o t a l ......................... ____ 4 .3 7 3 ,0 4 2
E x p e n s e s (in cl. a ll t a x e s ) .2 ,7 3 3 ,0 8 8
4 ,6 8 9 ,1 3 7
2 ,9 2 8 ,7 4 4
5 ,1 1 3 ,7 8 7
3 ,4 1 5 ,5 9 5
5 ,2 0 1 ,3 6 1
3 ,5 1 6 ,3 9 1
N et e a rn in g s ....................1 ,6 3 9 ,9 5 4
1 ,7 6 0 ,3 9 3
1 ,6 9 8 ,1 9 2
1 ,0 8 4 ,0 7 0
1890.
1889.
1 88 8 .
$
$
R eceip ts—
$
1
,6
9 8 ,1 9 2
1
,7
6
0
,3
9
3
........1
,6
3
9
,9
5
4
N et e a rn in g s .................
1 8 ,2 4 8
1 8 ,1 8 0
1 5 ,8 9 6
O th er r e c e ip t s ............... .........
1 ,6 8 4 ,9 7 0
1 8 ,0 1 5
INCOME ACCOUNT.
T o ta l in c o m e ....................1 ,6 5 5 ,8 5 0 1 ,7 7 8 ,5 7 3
D isbu rsem en ts—
______
I n te re s t o n d e b t .. .................. 1 ,1 6 8 ,1 7 6 1 ,0 3 4 ,4 7 0 l»b ^ | j47 Q
In te re st o n s p e c ia l s t o c k .. 1 6 8 ,0 0 0
1 6 8 ,0 0 0
1 6 8 ,0 0 0
I n te r e s t o n e q u ip m e n t........ 1 6 8 ,4 0 4
1 7 4 ,9 2 0
1 8 3 ,6 1 4
E x tra o rd in a ry e x p e n s e s .,....................
3 2 3 ,3 3 1
........
O r g a n iza tio n e x p e n s e s ........
8 ,0 0 0
3 ,0 0 0
8 ,0 0 0
1891.
1 ,7 1 6 ,4 4 0 1 ,7 0 2 ,9 8 5
1 ,0 4 2 ,4 7 0
1 6 8 ,0 0 0
156,t)0 3
‘ '8 ,0 0 0
T o ta l d isb u r s e m e n ts ... 1 ,5 1 2 .5 8 0 1 ,7 0 8 ,7 2 1 1 ,3 9 4 ,0 8 4 L 3 7 4 ,| 7 3
S u rp lu s..................................... 1 4 3 ,2 7 0
6 9 ,8 5 1
3 2 2 ,3 5 6
* 3 2 8 ,5 1 2
* & d iv id e n d o f 2 p e r c e n t o n c o m m o n s to c k w a s p a id F e b . 2 0 , 1 8 9 2
Maryland Coal Company.
(F or the year ending Dec. 31, 1891.^
The annual report shows the 7ollowing :
Production of the company’s mines :
1 8 8 7 .............................. 3 1 6 ,5 1 8 to n s.
1 83 8 .............................. 3 4 0 ,8 6 6
“
1 8 8 9 .............................. 2 6 8 ,4 3 8
“
1 8 9 0 ........................... 3 5 7 ,1 1 7 tonsv.
1 8 9 1 .............................. 4 0 6 ,4 6 4
“
The production of the entire Cumberland coal field was as
follows:
1 8 8 7 .......................... 3 ,3 7 5 ,7 9 6 to n s. 1 8 9 0 .......................... 3 ,8 8 7 3 2 2 tb’n s
1 8 9 1 ......... ................ 4 ,2 2 5 ,7 7 0
V
1 8 8 8 .......................... 3 ,6 7 1 ,0 6 7
“ .
1889
..................... ..................... ..................... ... 3 ,1 5 7 ,8 2 5
“
“ The shipment^ "if this company via the Baltimore & Ohio
Railroad for 1891 were about the same as those of 1890, while
the shipments over the Pennsylvania system show an increaseof 40,632 tons, or over 14 per cent.”
*
*
“ The property of the company has been kept m thorough
condition during the past year and every improvement madethat would tend to increase the efficiency of the plant ana
keep operating expenses down.”
*
*
There has been charged to profit and loss account the sum
of $150,000 and the same credited to royalty account, i t is
the policy of the management to set aside a certain royalty
each year to offset the depletion of its coal area. The direbtdrs
during the year declared dividends of 1 per cent payable July
1 , 1891, and 14 payable Jan. 4,1892, making 2 4 p. c. for theyear.”
*
*
. .
,
“ The Sea-Board Steam Coal Association, o f which we are
a member, maintained agreed prices very well during the
year. W e in common with other companies were laboring
under a disadvantage of 2 0 cents advance in railroad tolls as
against an advance of 1 0 cents in the price of coal this year,
making a difference to this company of about $40,000 on its
output, as compared with last year’s prices and tolls.”
STATEMENT OF PROFITS FOR THE YEAR ENBING DEC. 3 1 , 1 8 9 1 . _
D e c . 3 1 - A m o u n t t o c r e d it o f c o a l a c c o u n t ..................................
X’/rXX
rinnl
t , c o s t.
t .................................................. — .................. *
C oal nn
o u hfiTid
b a n d aat
............... ...................... .
I n te r e s t r e c e iv e d .......
$ 1,275,606^
P a id fo r fr e ig h t, m in in g , office a n d s h ip p in g e x p e n s e s ......................................................................... ..$ 1 ,1 5 7 ,7 3 4
TftX68t
mmmm~ ..
•
bjfcUl.
In te re st o n first m o rtg a g e b o n d s ............................
9 ,1 4 2 -
1 ,1 7 3 ,0 7 »
N e t p ro fit f o r 1 8 9 1 .
A p p r o p r ia t e d as f o l l o w s :
D iv id e n d s o n ca p ita l s to c k , 2*4 p e r c e n t....................................- -
$ 1 0 2 ,5 8 8
C a rried t o p r o fit a n d lo s s a c c o u n t .............................................
$ 8 ,0 8 8
_
366
THE
CHRONICLE,
Edison Electric Illuminating Co.
( For the year ending Dec. 31,1891.^
The animal report of Mr. Spencer Trask, President, states
that it is a matter of congratulation for stockholders to notice
the steady increase in the business of the company; the net
earnings show more than 50 per cent increase over those of
1890. The demand upon the company for its product is prac
tically limited only by the capacity o f the plant to supply it. In
conclusion the President remarks: “ In order to maintain the
company’s present position, and more completely to occupy
the field which belongs to it, and which holds forth the prom
ise of such satisfactory returns upon all capital invested, it is
necessary that your company should be ready to extend its
plant as opportunity offers, and in order to be prepared in
this respect the directors will submit to the stockholders at
an early date a plan to provide funds for work during the
coming year, as also for some extra work done during the
past year, which plan it is believed will meet with your ap
proval. The credit of the company is now upon such a sure
financial basis that no difficulty seems likely in securing what
ever funds are necessary.’’
The annual report of operations for 1890 and 1891 shows the
follow ing:
[V ol. U T .
to $4,000,000, and the capital stock of those companies is now
in the treasury of this company and their organizations are
within its control.
B altim ore & Drum P oint.—This railroad was sold at public
auction in Baltimore last week. Mr. Edward Lauterbach
who represents the first mortgage bonds, made the onlv bid*
$25,000.
J
Baltim ore & Ohio.—It is a matter of considerable interest
that the Baltimore and Ohio Railroad stock and also the
Trustees’ certificates for beneficial interest in 89,750 shares
($8,975,000) have this week been listed on the New York Stook
Exchange. The Baltimore & Ohio during the past year has
entered upon a period of renaissance, so to speak, as it paid to
its stockholders a stock dividend to represent profits earned
and expended on the property in past years, and it is now ex
pected to pay regular dividends hereafter. All bankers and
stock brokers doing a business in which they desire that their
customers should have correct information about the proper
ties they are trading in, will be glad to have the stock of an
other large and important railroad listed at the Exchange.
No obscure “ Trust ” nor “ Industrial” company which makes
no monthly reports of business can be as satisfactory as the
stock of a prominent railroad making regular returns of its
earnings.
1 89 0 .
1891.
.$ 4 4 6 ,2 6 8
$ 6 3 5 ,5 7 5
Full statements regarding both the stock and the beneficial
1 9 2 ,9 3 4
2 6 3 ,6 0 6
certificates were submitted in the application to the Stock Ex
$ 2 5 3 ,3 3 3
$ 3 7 1 ,9 6 9 change, and two months’ later statistics than those in the
.
4 2 ,3 2 7
3 9 ,9 3 0 annual report to Sept. 30, 1891, were also given. These docu
ments are quoted at length on a subsequet page, and the precise
.$■295,660
$ 4 1 1 ,8 9 9
6 6 ,5 8 2
6 4,6 71 terms of the Trust agreement of June, 1890, are there shown
as made between Messrs. Edward R. Bacon, Robert Garrett &
.$ 2 2 9 ,0 7 8
$ 3 4 7 ,2 2 8 Sons, and associates, and the Farmers’ Loan & Trust Company.
. 2 4 ,0 0 0
Chesapeake & Ohio.—Chesapeake & Ohio stockholders met
in Richmond, V a., this week and voted to accept an act of
T o ta l n e t in c o m e ........................................................ $ 2 0 5 ,0 7 8
$ 3 4 7 ,2 2 8 the Virginia Legislature authorizing the issuance of additional
Gross and net earnings since 1884 were as follows :
bonds and stock of the company, and another act authorizing
Gross.
Net.
Gross.
Net.
the company to construct or acquire branches or extensions
1 8 8 4 ..
. . .$ 1 1 1 ,“-7 2
$ 3 3 ,2 2 2 1 8 8 8
...... $ 2 2 6 ,3 0 1
$ 1 1 6 ,2 3 5 and to issue its mortgage bonds thereon, or to hold stock in
1 8 8 5 ..
. . . . . . . . 1 3 1 ,3 3 2 5 1 ,5 5 1 1 8 8 9
.....
3 2 7 ,6 7 8 1 2 4 ,0 3 1
1886
...... 1 5 7 ,5 7 9
7 0 ,0 5 1 1 8 9 0
...... 4 8 8 ,5 9 5
2 2 9 ,0 7 8 and guarantee the bonds of corporations owning such branches
1887
...... 1 9 1 ,6 3 5
8 9 ,0 6 9 1 8 9 1
...... 6 7 5 ,5 0 5
3 4 7 ,2 2 9 or extensions. They also voted to give authority to the Presi
, T; y .
. IB
1888.
1889.
dent and board of directors of the company to create the new
189 0 .
189«l
d u m b e r o f c u s to m e rs .......................
710
1 ,2 1 3
1 ,6 9 8
2,8 7 5 mortgage of $70,000,000 upon the property of the company to
N u m b e r o f la m p s, 16 c. p ...............1 6 ,3 7 7
3 9 ,8 1 5
6 4 ,1 7 4
9 4,4 85 secure bonds to be issued and to issue additional capital stock
N u m b er o f m o to r s, h. p ........... ; ...................
4 70
697
2,000
N u m b er o f a r c lig h ts ........................
110
254
841 of the company. The stock represented was 130,000 shares
first preferred, 1 2 0 ,0 0 0 shares second preferred and 459,970 of
COND EN SED B A L A N C E S H E E T D E C E M B E R 3 1 , 189 1 .
D r.
the total 460,000 common. President Ingalls informed the
Or.
lilo e n s e u n d er E d i
..............
$
4
,5
0
0
,0
0
0
00
C a p ita l s t o c k
stockholders that the company had acquired control of the
son p a te n ts .$ 2 ,2 5 0 ,0 0 0 0 0
C on. s crip , c e r t f s ______
1 2 8 ,3 9 0 00Ohio & Big Sandy and the Elizabethtown Lexington & Big
B e a l est., co n s tru c
F irs t m o rtg a g e b ’ ds.
Sandy Railroads.
•
tio n , & c., 1st, 2d ,
o u t s t a n d in g ............ 2 ,2 5 0 ,0 0 0 0 0
3 d d istricts a n d
B ills a n d a c c o u n ts
Chicago
Gas—Economic
Gas.—Announcement
is made that
a n n e x ............. 4 ,7 7 4 ,3 8 6
07
p a y a b le ...........................
3 8 4 ,5 5 8 36
C u stom ers’ a cco u n ts
1 4 9 ,4 5 4 36 R e s e rv e f u n d ...........
4 2 ,0 0 0 0 0 the Economic Gas Company of Chicago has passed into the
S u n d ry a ccts . a n d
1,477 52control of a syndicate which is friendly to and largely inter
S u n d ry a c c o u n t s ______
su p p lie s ..........
2 0 4 ,7 2 3
9 0 P ro fit a n d loss .................
6 1 ,0 0 6 23 ested in Chicago Gas Trust receipts. The. outstanding stock
C ash o n h a n d ............
2 6 ,3 6 7 7 8 A c c r u e d in te re s t_______
3 7 ,5 0 0 0 0is $750,000, a majority of which was purchased at par and in
$ 7 ,4 0 4 ,9 3 2 11
$ 7 ,4 0 4 ,9 3 2 11 terest. The syndicate has also purchased the entire Indiana
natural gas interests which were acquired for the distribution
of natural gas in Chicago, and the distribution will soon be
made under contract beneficial to the gas company, whose
stocks are pledged with the Fidelity Trust Company.
GENERAL INVESTMENT NEWS.
Consolidated Kansas City Smelting and Refining Co.—
Some additional stock was listed this week on the Stock Ex
American District Telegraph.—The statement of this com- change. The facts in relation to the increase, together with a
iu ^ e
recent application to the Stock Exchange embraced balance sheet of Dec. 31, 1891, were given in the application
the following for the year ending Dec. 31, 1891:
. to the Exchange, and may be found in another column.
C ap ita l s to c k is s u e d ..........................................................
®o
nnfl
Delaware Lackawanna & Western.—Mr. Samuel Sloan has
C ap ita l s to c k in C om p a a y’s t r e a s u r y .......................... 4 5 0 ,0 0 0
been elected President of the Delaware Lackawanna & West
T o t a l.............................
ern Railroad for the twenty-fifth year. Mr. J. Rogers Maxwell,
_ .
,
*........... .................................................... - ...................... $ 3 ,0 0 0 ,0 0 0
o n o President of the Jersey Central Railroad, and George F. Baker,
C ash su rp lu s D e c . 3 1 , 1 8 9 0 .....................
aS S £ 2 0 " “ “ ••••.................................................... *34,272 President of the First National Bank, ,were elected managers
in place of Sidney Dillon and Russell Sage. The other man
............
agers elected were members of the old board, as follows: John
I. Blair, George Bliss, Percy R. Pyne, Wilson G. Hunt, W.
„ . .
“ $ 4 7 1 ,4 2 0
W . Astor, Edgar S. Auchincloss, William H. Appleton, Wm.
N et fr o m g e n e ra l s e r v ic e .....................
«q i qia
Rockefeller, Eugene Higgins, Henry A. C. Taylor, Benjamin
M iscella n eou s r e c e ip t s ..................................13 938
G. Clarke and Andrew H. McClintock.
T o t a l n e t r e v e n u e ................................................................ .
~
45 287
Evansville & Richm ond—Evansville & Terre Haute.—
The two outstanding divisional mortgages on the Evansville
W v id e n d e p a i d .............................................I
*
. ^
5
i
’o oo
& Richmond are to be retired by a new general first mortgage
covering the whole line from’ Elnora to Richmond, Ind. The
C ash b a la n ce.
$ 2 8 ,5 5 9 road is completed and in operation from Elnora to Westport,
Stock a n d B o n d s in C om p a n y's T rea su ry :
102 miles, and has 10 miles of coal spurs. The mortgage pro
,
8bares A -1>. T. C o., B a lt im o r e .
.....................
®q - o n
L 7 6 0 shares D is tr ic t T el. C o ., B o s t o n ......................
..............
t l ’ o n o vides for the issuance of bonds on completed road at the rate
The new bonds bear date October 1, 1891,
i £ £ £ shares A . It. T. C o., C lev ela n d ..............................................
5 o o o of $12,500 a mile.
3.,750 sh a res H o lm e s E le c . P ro t. C o..............................
............
1*75 000 and mature in forty years, carrying 5 per cent interest. A u
1 0 C olla tera l T ru st B o n d s W . U . T. C o.......................... " " "
loloO O
thorized issue $2,000,000.
Farmers’ Loan Sc Trust Co.,
N o. o f m iles o f w ire in o p e r a t io n ..............................
« s o n . Trustee.
N o. o f offices in o p e ra tio n
........................
6 8 9 1«
62
International & Great Northern.—The differences be
N o. o f in stru m en ts in
................. 'i r q i i
tween the Missouri Kansas & Texas Railway Company and
A sen g er fo r (» m p l0 y ee3 ’ n 0 t inolu<iing c o n s tr u c tio n and m esMr. Jay Gould concerning the reorganization of the Interna
Average no. of messengers.............. - - . . . . . . . . . . . . . . . . .
i 075
tional & Great Northern Railroad Company have been set
, ^ e negotiations for the purchase of the entire capital stock tled. All suits and injunctions have been withdrawn, and
1t h 1 D i s t n c t Messenger Co. Limited (300 shares par the road is being reorganized under the plan dated Jan. 27,
^ each’ $7’500)’ and tbe Mutual District Telegraph Co. 1892. It is understood that the M. K. & T. will turn over to
(3,000 shares, par value $100 each, $300,000) including their Mr. Gould their holding of International stock in considera
respective properties, franchises and privileges, which were tion for which they receive cash for their half interest in what
in progress at the close of the fiscal year 1891, were completed is known as the Gould judgment against the I. & G. N. R. R „
on the 13th day of January 1892, by the exchange of 12 750 and which in the plan is stated to be $537,383. They also re
shares of the capital stock of this company, which was duly ceive some $60,000 for an old claim. The Central Trust Co.
provided for by the increase of its capital stock from $ 3 0 0 0 - and the Farmers’ Loan & Trust Co. are now paying the inter-
F ebruary 2 7 ,18t>2.j
THE
CHRONICLE.
est on the first and second mortgage bonds under the plan, the
time for assents to which will expire March 1.
Lake Shore & Michigan Southern.—The earnings, ex
penses and charges as reported to the New York State Rail
road Commissioners were as follows :
G r o ss e a rn in g s .........
O p e r a tin g exp en ses.
/—Çwar. en d. D ec. 3 1 .—
1 89 0 .
1891.
$
$
-.5 ,6 7 6 ,8 3 7 6 ,0 0 0 ,9 4 2
. .3 ,5 2 5 ,8 5 7 3 ,7 5 2 ,5 9 1
N e t e a r n in g s ___
O th e r i n c o m e .............
2 ,1 5 0 ,9 8 0
1 7 7 ,0 8 2
7 ,1 4 1 ,1 8 1
4 9 8 ,7 5 9
7 ,3 1 1 ,8 9 1
4 5 5 ,6 2 3
T o t a l ...............................2 ,3 2 8 ,0 6 2 2 ,3 6 2 ,5 7 3
I n te r e s t, ren ta ls & t a x e s l,1 1 7 ,2 9 3 1 ,0 9 3 ,1 5 2
7 ,6 3 9 ,9 4 0
4 ,3 3 9 ,3 9 6
7 ,7 6 7 .5 1 4
4 ,3 2 8 ,0 5 3
3 ,3 0 0 ,5 4 4
3 ,4 3 9 ,4 6 1
B a l a n c e ........................ 1 ,2 1 0 ,7 6 9
1 ,2 6 9 ,4 2 1
Oregon Pacific.—Some of the bondholders o f the Oregon
Pacific Railroad have organized to protect their interests.
Hearing that a new lien, which would take precedence of the
first mortgage, was to be placed on the property of the road,
a committee of the bondholders, through Mr. Lindley Smith*
their chairman, secured an injunction restraining T. Egenton
Hogg, President, and Zephin Job, Secretary of the road, from
takiDg any official action detrimental to the interests of the
bondholders.
Philadelphia & Reading.—Attorney-General Hensel of th9
State of Pennsylvania has addressed letters to President Mc
Leod of the Reading Railroad, President Wilbur of the Lehigh
Valley and President Maxwell of the Jersey Central, saying
that he has received communications from A. J. Cassett ana
T. V. Powderly complaining that the Reading “ combine” is a
violation of the Constitution and prejudicial to the public in
terests. In order to give a full hearing to all concerned, Mr.
Hensel has fixed Thursday, March 3, at Harrisburg, as the
time and place for such a hearing, and he requests copies of
the agreements or leases alleged to have been made. Let
ters have also been sent by the Attorney-General to Messrs.
Cassatt and Powderly informing them of the hearing, and re
questing them to be present. Mr. Hensel says that this hear
ing is the usual one looking to quo warranto proceedings. If
the preponderance of evidence is to the effect that the Consti
tution has been violated, he must proceed against the combi
nation.
—The results for January and for the two months of the
fiscal year were as follows :
/---------------Y ea r--------------- 1890.
189 1 .
$
$
2 0 ,8 6 5 ,7 6 0 2 1 ,4 3 1 ,3 8 7
1 3 ,7 2 4 ,5 7 9 1 4 ,1 1 9 ,4 9 6
2 ,2 4 8 ,3 5 1
1 1 4 ,2 2 2
M axweil Land Grant Co.—For the purpose of strict econ
omy in management and in the interest of the prior lien
bondholders, the office of this company has been removed to
Raton, New Mexico. Mr. R. V. Martinsen has resigned as a
member of the board of trustees and as President, since he
was unwilling to reside in Raton, and Mr. Frank Springer, of
Las Vegas, has been elected President.
Meriden Waterbury & Connecticut—New York & New
England.—The Meriden Waterbury & Connecticut has been
purchased by parties interested in the New York & New Eng
land. The entire issue of stock and bonds has been turned
over to the purchasers. The road extends from Waterbury
to Cromwell, Conn. An extension of 18 miles east to An
dover would materially shorten the through line of the New
York & New England.
M etropolitan Traction Co.—This corporation, organized
under the laws of the State of New Jersey, has a capital stock
of $20,000,000, It owns a majority of the stock of the Broad
way & Seventh Avenue and of the Twenty-third Street
railroads and the whole of the stock o f the Houston West
Street & Pavonia Ferry Company and of the Chambers
Street Railroad Company. The Philadelphia Traction Com
pany and the Metropolitan are entirely separate and distinct
corporations. It is understood that the Sixth Avenue Horse
Railroad has been leased at 6 per cent per annum on the
stock. Mr. William C. Whitney was reported as stating that
the Traction Company was debarred by law from becoming
the lessee of any road, but the Sixth Avenue Road would prob
ably be leased by the Houston West Street & Pavonia line,
which was part of the Metropolitan Traction system.
It was also reported that the Ninth Avenue Surface Line
would soon pass under the control of the Metropolitan Trac
tion Company by a lease of that road in perpetuity to one of
the roads of the Metropolitan Traction System.
New York & New England.—The earnings, &c., for the
quarter and year ending December 81 were as follows:
G ro ss e a r n in g s .........
O p e r a tin g ex p e n se s
-—Q uar. end. Dec. 31
189 0 .
1891.
$
$
.1 ,5 6 8 ,4 1 1 1 ,6 0 9 ,1 0 0
.1 ,0 3 6 ,1 0 5 1 ,2 0 8 ,8 8 8
6 ,2 2 9 ,0 3 0
4 ,3 1 3 ,3 4 7
N e t e a rn in g s ................
O th e r in c o m e ......................
5 3 2 ,3 0 6
1 ,5 5 4
4 0 6 ,2 1 2
2 ,1 8 7
2 ,0 0 8 ,7 1 5
5 ,0 8 5
1 ,9 1 5 ,6 8 3
7 ,2 0 4
T o t a l...............................
I n t ., re n ta ls a n d t a x e s ..
5 3 3 ,8 6 0
4 4 1 ,5 9 6
4 0 2 ,3 9 9
4 5 7 ,8 2 9
2 ,0 1 3 ,8 0 3
1 ,7 3 7 ,9 7 7
1 ,9 2 2 ,8 8 7
1 ,8 4 1 ,0 6 1
B a la n c e ........................ s u r.9 2 ,2 6 4 d e f.5 5 ,4 3 0
o ^ A« o o S m i ? OHI0 R a il r o a d .—$ 1 3 ,5 2 5 ,0 0 0 co m m o n ca p ita l stock
a n d $ 8 ,9 7 5 ,0 0 0 F a rm e rs ’ L oa n & T ru st C om p a n y b en eficia l interest
ce rtifica te s fo r co m m o n ca p ita l s to c k . [T h e a p p lic a tio n is g iv e n o n a
s u b se q u e n t p a g e .]
s
Ci t y
S m e l t in g
& R e p in in g
Com pany. -
$ 5 0 0 ,0 0 0 s to c k , m a k in g t o ta l liste d 2 ,2 5 0 , $ 0 0 0 . [S ee a p p lica tio n o n a
s u b se q u e n t p a g e .]
L
**
C h i c a g o ? t . P a u l & K a n s a s C i t y R a i l w a y .— (M in n esota & N orth
w e s te r n R a ilroa d ) $ 9 ,0 6 8 .0 0 0 first m o rtg a g e fiv e p e r ce n t s ta m p e d
a sse n te d g o ld b o n d s a n d $ 9 ,6 2 8 ,0 0 0 first m o rtg a g e fiv e p e r cent
s ta m p e d a ssen ted g o ld b o n d s o f th e M in n esota & N orth w estern R a il
r o a d . B o th issu es t o ca r r y c o u p o n o f J u ly 1 8 9 2 , s ta m p ed o n b a ck .
T h e u n sta m p e d a n d n on -a ssen ted b o n d s o f t h e a b o v e issu es w ere
o r d e r e d t o b e s tr ic k e n fro m th e lists.
F l in t & Jp. r e M a r q u e t t e R a i l r o a d . $ 1 5 0 ,0 0 0 first m o r tg a g e 5
p e r c e n t g o ld b o n d s , m a k in g t o ta l liste d # 3 ,0 8 3 .0 0 0 .
I o w a C e n t r a l R a i l w a y . $ 5 0 0 ,0 0 0 first m o rtg a g e 5 p e r c e n t g o ld
b o n d s , m a k iu g t o ta l liste d $ 6 ,4 u 0 ,0 0 0 .
v
8
L h i g h V a l l e y T e r m i n a l Ra i l w a y . — $ 3 ,0 0 0 ,0 0 0 first m o rtg a g e
g u a r a n te e d g o ld 5 p t r ce n t c o u p o n a n d r e g iste re d b on d s, m airing to ta l
u s t e d $ 1 0 ,0 0 0 ,0 0 0 .
.
°
L e h i g h V a l l e y R a i l w a y (o f th e S ta te o f N ew Y o r k ).—$ 8 0 0 0 0 0
firs t m o r tg a g e 4 ^ p e r c e n t g o ld b o n d s, m a k in g t o ta l lis te d $ l i , 3 0 0 .0 0 0 .
W h e e l i n g L a k e B r i e & P it t s b u r g C o a l C o m p a n y .— $ 9 8 4 ,0 0 0 first
m o rtg a g e 5 p e r c e n t g o ld b on d s p f 1919.
N et e a rn in g s ................................... 7 2 8 ,9
7 4725,7 1 0
8 4 ,3 6 6
O th er n e t r e c e ip t s ..........
7 1 ,4 9 6
1 ,4 2 8 ,6 2 5
1 1 8 ,0 7 3
1 ,6 5 0 ,3 9 5
1 1 1 ,4 6 6
T o t a l............................
D ed u ct—
P e rm a n e n t im p r o v e m ’t
P r o p o r t ’n y e a r ’s ch a r g e
8 1 3 ,3 4 1
8 1 4 ,2 0 6
1 ,5 4 6 ,6 9 8
1 ,7 6 1 ,8 6 1
4 1 ,4 5 2
6 1 1 ,7 6 9
3 5 ,7 6 4
6 2 5 ,0 0 0
9 1 ,2 3 5
1 ,2 2 3 ,5 3 9
5 4 ,1 8 2
[1 ,2 5 0 ,0 0 0
T o t a l............. p ..........
S u rp lu s..............................
6 5 3 ,2 2 1
1 6 0 ,1 2 0
6 6 0 ,7 6 4
1 5 3 ,4 4 2
1 ,3 1 4 ,7 7 4
2 3 1 ,9 2 4
1 ,3 0 4 ,1 8 2
4 5 7 ,6 7 9
G ross r e c e i p t s . . . ........... 1 ,4 4 3 ,7 6 0
O p e ra tin g e x p e n s e s ___ 1 ,3 3 9 ,5 1 6
1 ,5 3 2 ,0 4 1
1 ,4 4 6 ,9 9 6
3 ,0 5 0 ,1 3 8
2 ,8 5 0 ,6 4 2
3 ,3 1 6 ,4 6 4
3 ,0 7 0 ,9 3 9
Co a l & I r o n C o .
N et e a rn in g s ..............
D ed u ct—
C o llie ry im p r o v e m e n ts.
P e rm a n e n t im p r o v e m ’t
P ro p o rt’n y e a r’ s ch ’rg e s
1 0 4 ,2 4 4
8 5 ,0 4 5
1 9 9 ,4 9 6
2 4 5 ,5 2 5
7 2 ,7 3 7
2 0 ,6 9 0
6 8 ,0 0 0
6 6 .8 8 6
8 ,8 9 8
6 5 ,5 0 0
1 4 6 ,5 0 2
3 2 ,3 0 8
1 3 6 ,0 0 0
1 4 1 ,2 7 8
2 2 ,6 6 2
1 3 1 ,0 0 0
T o t a l . ..........................
1 6 1 ,1 2 7
P . & R . a n d C. & I. C o.
D e f. o f C oal & Iro n C o .
5 7 .1 8 3
S urp lus o f R a ilr o a d Co.
1 6 0 ,1 2 0
1 4 1 ,2 8 4
3 1 4 ,8 1 0
2 9 4 ,9 4 0
5 6 ,2 3 9
1 5 3 ,4 4 2
1 1 5 ,3 1 4
2 3 1 ,9 2 4
4 9 ,4 1 5
4 5 7 ,6 7 9
9 7 ,2 0 3
1 1 6 ,6 1 0
4 0 8 ,2 6 4
Sur. b o th c o m p a n ’ s .
1 0 2 ,9 3 7
Quicksilver M ining Company.—A statement has been
issued showing the result of operations of this company
at New Almaden, California, for the past 21 years. The fol
lowing is a summary for the past five years :
e a r n i n g s f o r ^f i v e y e a r s a n d t o t a l f o r t w e n t y - o n e y e a r s .
Y ea r.
s u r.2 7 5 ,8 2 6 s u r.8 1 ,8 2 6
—The call for the annual meeting of shareholders on Mar. 8
requests authority for the board of directors to issue bonds to
such an amount as the stockholders may approve, and secure
the same by a mortgage upon the property of the company,
(understood to be a proposed consol, mortgage for $30,000,000
at 4 to 5 per cent); to amend the by-laws of the company as
recommended by the board of directors with reference to or
ganization of the board; to take such action as may be
deemed expedient in reference to accepting and executing the
powers conferred upon the company by the charter of the
Suburban Railroad Company granted by the Legislature of
Massachusetts, and to secure the construction of the road au
thorized in said charter and guaranteeing bonds of said com
pany agreeable to such charter, and leasing such road when
completed.
New York Stock Exchange—New Securities Listed.—Tht
Governing Committee of the New York Stock Exchange
have added to the list for dealings the following:
Kansas
------------ J a n u a r y .---------- . ,-----D ec. 1 to Jan . 31
1 89 1 .
1892.
1 8 9 0 -9 1 .
1 8 9 1 -9 2 .
$
$
$
$
G ross r e c e ip t s .. ............... 1 ,7 1 2 ,0 9 0 1 ,7 2 7 ,2 1 4
3 ,3 9 8 ,2 0 1
3 ,6 0 8 ,7 3 7
G ross e x p e n s e s ...........
9 8 3 ,1 1 5
9 8 4 ,5 0 4
1 ,9 6 9,57 6
1 ,9 5 8 .3 4 2
R a i l r o a d Co m p a n y .
<-------------Y ea r.------------- ,
1 89 0 .
1 89 1 .
6 ,0 2 9 ,1 2 4
4 ,0 2 0 ,4 0 9
3K7
1 8 8 7 ....
1888 . . . .
1889 . . . .
1890 . . . .
189 1 . . . .
...
...
...
....
....
P ro d u c
tion ,
Plastes.
2 0 ,0 0 0
1 8 ,0 0 0
1 3 ,1 0 0
1 2 ,0 0 0
8 ,2 0 0
® UvvaSlu e.
? er’
$ 7 7 4 ,3 8 9
6 7 8 ,1 4 3
5 7 5 ,7 5 7
6 2 0 ,0 0 7
3 2 4 ,7 1 8
16
61
00
96
19
p r fla sk
$38 72
3 7 67
4 3 95
51 6 6
39 60
* Total
E a rn in gs.
$ 8 2 5 ,7 9 3
6 9 9 ,5 1 7
5 9 5 ,0 0 4
6 8 8 ,0 1 0
3 4 1 ,1 7 9
Total
P ro fits.
$ 3 4 5 ,4 1 1
1 4 3 ,7 4 1
1 6 4 ,6 5 9
2 8 1 ,5 3 5
157,523
T o t. 21 j r s . 3 8 9 ,1 2 2 $ 1 4 ,1 3 2 ,8 3 8 4 7 $ 3 6 82- $ 1 4 ,9 3 9 ,0 5 5 $ J U 7 3 ,0 0 4
I n c lu d in g m is ce lla n e o u s a n d o re a c c o u n t .
t L oss.
F IV E Y E A R S ’ P R O D U C T IO N O F Q U IC K S IL V E R IN C A L IF O R N IA .
M in es.
N e w A lm a d e n .
Æ t n a .................
N a p a C o n s o l...
G re a t W estern
S u lp h u r B a n k .
N e w l o r i a ........
G r e a t E a s te rn
R e d in g to n ........
B r a d f o r d ..........
V a r io u s .............
1887.
2 0 ,0 0 0
2 ,8 8 0
2 .6 9 4
1 ,4 4 6
1 ,8 9 0
1 ,4 9 0
673
689
1 ,5 4 3
455
188 8 .
1 8 ,0 0 0
959
4 ,0 6 5
625
2 ,1 6 4
1 ,3 2 0
1 ,1 5 1
126
3 ,8 4 8
992
188 9 .
1890.
1 3 ,1 0 0
12,000
..........
931
4 ,5 9 0
2 ,4 9 8
556
1 ,3 3 4
2 ,2 8 3
1 ,6 0 8
980
977
1 ,3 4 5
1 ,0 4 6
8 12
505
1 ,8 7 4
1 ,2 9 0
924
737
1891.
8,200
1 ,0 4 9
4 ,0 8 0
2 ,0 6 6
1 ,3 7 5
870
1 ,7 5 9
442
1 ,8 4 2
1 ,2 2 1
3 3 ,7 6 0
3 3 ,2 5 0
2 6 ,4 6 4
2 2 ,9 2 6
2 2 ,9 0 4
P n c e p er fiaste
$36 50
$37 00
$40 00
$47 00
$39 50
L o w e s t ...............
H ig h e s t.............
48 0 0
48 00
50 00
58 00
5 1 OO
A v e r a g e ............
4 2 25
42 50
45 50
52 5 0
45 25
T o ta l v a lu e .. .$ 1 ,4 2 6 ,3 6 0 $ 1 ,4 1 3 ,1 2 5 $ 1 ,1 9 0 ,8 8 0 $ 1 ,2 0 3 ,6 1 5 $ 1 ,0 3 6 ,4 0 6
Texas & Pacific.—A default is expected to occur on March
in payment of the interest on second mortgage incomes, and
the provision in the mortgage will then take effect whereby
the Mercantile Trust Company as trustee could take possession.
Some of the larger holders of both the first and second mort
gage bonds have agreed upon a committee of five to make a
thorough investigation of the company’s affairs and prospects,
and to inspect its physical condition, with a view to reporting
subsequently at a meeting of both classes of bondholders what
action will best conduce to all interests. Three members o f
the committee will represent. New York holders and two will
act for Philadelphia holders. It is said that the committee
will be a strong one and that Jay Gould has asseuted to the
programme. It is expected that by a co-operation of the man
agement with the organized security holders a harmonious
policy may be agreed upon which will place the property in a
better position than that which it now occupies.
1
TH E
368
CHRONICLE,
T H E B A L T I M O R E A O H IO R A I L R O A D .
A P P L IC A T IO N
T O N E W Y O R K ST O C K E X C H A N G E
COM M ON S TO C K .
TO
L I8 T
LVOL
B ro u g h t F o r w a r d ..........................................................................
S u p p lies, fu e l, e t c .........................................................................
D u e fr o m a g en ts , o u rren t fr e ig h t a n d
p a s s e n g e r b a la n c e s ..................................... 1 ,7 5 6 ,9 7 9 08
Cash in han ds o f officers a n d a g en ts —
4 1 ,0 3 4 15
C ash in h a n d s o f fo r e ig n a n d a o m e s tio
a g en ts t o p a y c o u p o n s ..............................
1 7 5 ,3 8 3 81
C ash
f T rea su rer.
s h jin Ih a n d s o m
6 3 6 ,5 2 5 16
LI V,
$/np,41S-344
1 ,3 2 5 ,7 6 2 15
2 ,6 0 9 ,8 7 2 2 0
Md ., February 5,1893.
T o ta l a ss e ts ............................................................................ $ 1 3 3 ,4 1 1 ,9 9 9 2 4
The Baltimore & Ohio Railroad Company hereby makes ap
L ia b il it ie s .
plication to your committee for the listing of its Common
Capital Stock to the amount of $18,535,000. The total author C ap ita l s to c k , 1 s t p r e fe r r e d ............................. $ 3 * 0 0 0 ,0 0 0 0 0
ized Common Capital Stock of safe company is 350,000 shares, C a p ita l s to c k , 2 d p r e fe r r e d ............................. 2 ,0 0 0 ,0 0 0 OO
$ 5 ,0 0 0 ,0 0 0 OO
o f the par value o f $100 each, $25,000,000; 25,000 shares of
ap ita l s to c k , c o m m o n .......................................$ 1 4 ,7 8 4 ,6 0 0 0 0
which, $2,500,000, is in the treasury unissued; and 89,750 C
C a p ita l s to c k , s c r ip ..............................................
7 ,9 6 6 0 0
shares of which, $8,975,000, are in the hands of the Farmers’
1 4 ,7 9 2 ,5 6 6 OO
ILoan & Trust Company, as Trustee under an agreement be G r o u n d r e n t lie n s ................................................. $ 6 8 9 ,0 4 2 3 3
B
o
n
d
e
d
d
e
b
t
se
e
u
re
d
b
y
m
o
r
t
g
a
g
e
o
n
tween Edward R. Bacon, Robert Garrett & Sons and asso
m a i n li n e .............................. ..................... - 2 5 ,8 8 1 ,0 0 0 0 0
ciates, and the Farmers’ Loan & Trust Company, dated June B o n d e d d e b t s e cu re d b y m o rtg a g e lie n
a n d c o lla te r a l..................................................... 2 5 ,4 4 2 ,0 0 0 0 0
28,1890; the balance, $13,525,000, being issued and distribu
ted, and being the stock application for the listing of which B o n d e d d e b t s e cu re d b y c o lla t e r a l.......... 2 2 ,2 4 4 ,0 0 0 0 0 7 4 ,2 5 6 ,0 4 2 3 3
is h ereby made. The Preferred Stock of the company is as B o n d s assu m ed b y B . & O. R R . C o.........................................
6 8 0 ,0 0 0 0 0
1 6 9 ,2 4 5 0 0
follow s : 30,000 shares 1st Preferred; 20,000 shares 2d Prefer D u e t o sin k in g fu n d .....................................................................
A
c
c
r
u
e
d
in
te
re
s
t
o
n
fu
n
d
e
d
d
e
b
t
a
n
d
red; total, 50,000 shares, of the par value of $100, $5,000,000.
e m b e r 3 0 ,1 8 9 1 ................... $ 1 ,0 9 2 ,2 1 4 1 6
The first issue of Preferred Stock, amounting to $3,000,000, A cloc ar un es dt oreNn otav ls
to N o v e m b e r 3 0 ,1 8 9 1 .
1 8 6 ,6 6 0 4 3
entitles the holders of the same to a perpetual dividend of 6 A c c r u e d t a x e s t o N o v e m b e r 3 0 ,1 8 9 1 . . .
3 1 6 ,5 8 4 3 5
1 ,5 9 5 ,4 5 8 9 4
per cent per annum on the shares, payable out of the gross
D
u
e
t
o
th
e
B
a
ltim
o
r
e
&
O
h
io
e
m
p
lo
y
e
s
’
profits of the company before any dividend is payable to the
2 6 7 ,8 9 0 61
r e lie f d e p a r tm e n t................................................................... .
com m on stockholders.
8 7 6 ,9 8 0 4 3
W a sh in g to n B ra n ch R a ilr o a d ...............................................
The second issue of Preferred Stock, amounting to $2,000,- D u e to o th e r ra ilro a d s o n g e n e ra l a c c o u n t $ 5 2 9 ,6 2 8 83
T
ra
ffic
b
a
la
n
ce
s
d
u
e
t
o
co
n
n
e
c
t
in
g
lin
e
s
.
.
47
6
,7
4
2
28
0 0 0 , is also entitled to a perpetual dividend of 6 per cent per
1 ,0 0 6 ,3 7 1 11
annum, payable out of the profits of the company before any S p e cia l lo a n s a n d b ills p a y a b le .....................
3 ,4 7 2 ,1 4 4 16
dividend is distributed to any of the stockholders other than P a y -ro lls f o r N o v e m b e r, 1 8 9 1 ...............................$ 9 4 9 ,2 0 9 6 5
A cco u n ts p a y a b le , v o u c h e r s ...............................2 ,3 1 3 ,6 8 0 9 1
the holders of the First Preferred Stock.
Dividends on the first and second issues of Preferred Stock In d iv id u a ls a n d co m p a n ie s ................................... 6 7 1 ,4 5 4 4 9 3 ,9 3 4 ,3 4 5 0 5
are payable on the first days of January and July. The Pre D iv id e n d s a n d c o u p o n in te re s t u n c a lle d fo r >
7 0 ,5 2 7 5 2
U n cla im e d w a g e s a n d w a g e s a tta ch e d
j ................*
ferred stock is not sought to be listed.
The corporate title of the company is “ The Baltimore &
T o ta l li a b i l it i e s .......................................................... - .......... $ 1 0 6 ,1 2 1 ,5 7 1 1 5
Ohio Railroad Company.” The company was chartered by
$ 2 7 ,2 8 9 ,4 2 8 0 9
the General Assembly of Maryland on the 28th day of Febru E x c e s s o f assets o v e r liab ilities.
ary. 1827. Its officers are as follows: Charles F. Mayer, Presi
dent; Orland Smith, Vice-President; Thomas M._ King, sec E n t i r e F u n d e d D e b t o r t h e B a l t i m o r e & O h i o R a i l r o a d C o m
p a n y ’s S y s t e m .
ond Vice-President; C. K. Lord, Third Vice-President; J. T. ‘
Odell, General Manager? John K. Cowen, General Counsel; I n clu d in g that f o r a ccou n t o f the B a ltim ore <£ Ohio <& C hicago R a ilro a d
C om p a n ies, the P a rk ers b u rg B ra n ch R a ilro a d C om p a n y, the P h ila d el
W m . H. Ijams, Treasurer; Andrew Anderson, Secretary.
p h ia B ra n ch a n d the B a ltim o re d P h ila d elp h ia R a ilro a d C om p a n y,
The General Offices of the company are in the city of Balti
a n d the P ittsbu rg <£ C on n tllsville R a ilro a d C o m p a n y ; also the F u n d ed
more, State of Maryland. The Transfer and Registrar Offices £ D ebt o f the P ittsbu rg & C onnellsvllle R a ilro a d C om pany.
Total In o f $ie Common Capital Stock of the company are as follows: >
P e r Cent.
F a ce o f
tercet
In Baltimore, Registrar, Mercantile Trust & Deposit Company
P er Annum .
L o a n . P a y a b le P e r
Annum .
o f Baltimore; Transfer Agent, George E. Ijams, B. & O. Gen
eral Offices. In New York, Registrar, New York Guaranty & L o a n o f 1 8 5 3 , m a tu r in g at w ill, J a n u a ry
$ 2 3 ,1 8 0
$ 5 7 9 ,5 0 0
d J u ly 1 .......................1........................... a t 4
Indemnity Company; Transfer Agent, The Farmers’ Loan & L o1a an
n o f 1 85 3 , m a tu r in g in 1 9 3 5 , A p r il 1
Trust Company of New York.
6 8 ,3 8 0
1
,7
0
9
,5
0
0
a
t
4
an d O c to b e r 1 ................... ............................
The route of its railroad is from the city of Baltimore, in the L e a n o f 187 0 , m a tu r in g in 1 8 9 5 , M a rch
3
,8
7
2
,0
0
0
2
3 2 ,3 2 0
d S e p te m b e r 1 ....................................... a t 6
State of Maryland, to the city of Wheeling, in the State of B o1nadnto
C ity o f B a ltim o r e in 1 9 0 0 , J a n
West Virginia, a distance of 379-80 miles, known as the “ Main
u a ry 1 a n d J u ly L fo r p u rc h a se o f its
Line” of the Baltimore & Ohio Railroad. In addition to the
in te re s t in th e P itts b u r g & C on n ells2 3 ,4 0 0
3 6 0 ,0 0 0
v ille R a ilro a d C o m p a n y .............................. a t 6
Maui Line from Baltimore to Wheeling, are the branches, as
n o f 1 8 7 2 , m a tu r in g in 1 9 0 2 , M a rch
shown by “ Table F,” page 39, Annual Report, 1891, aggregat L o1asaffi
5 8 0 ,8 0 0
9 ,6 8 0 ,0 0 0
S e p te m b e r 1 ......................................... a t 6
ing 394-03 miles, making a total of Main Line and branches L o a n o f 1 8 7 4 , m a tu r in g in 1 9 1 0 , M a y 1
5 8 0 ,8 0 0
9 ,6 8 0 ,0 0 0
a n d N o v e m b e r 1............................................. a t 6
east of the Ohio River (exclusive of the 2d, 3d and 4th tracks
L o a n o f 1 8 7 7 , m a tu r in g in 1 9 2 7 , J u n e 1
and sidings), as per Table “ F,” 773-83 miles.
a n d D e c e m b e r 1, f o r a c c o u n t o f B a lti
In addition to the above are the following divisions operated
m o re & O h io & C h ica g o R a ilro a d
By the Baltimore & Ohio Railroad Company, either under
C om p a n ies, se e u re d b y $ 7 ,7 4 4 ,0 0 0 S ix
p e r C ent B o n d s o f B a ltim o r e & O hio
lease or by ownership, viz.: The Philadelphia division, 124*50
<s C h ica g o R a ilro a d C om p a n ies, h e ld
mil^s; the Pittsburg division, 337-82 m iles; the New*York
3 8 7 ,2 0 0
7 ,7 4 4 ,0 0 0
b y T ru ste e s a n d $ 1 ,4 4 5 ,0 0 0 s t o c k ........ a t 5
division, 5*50 miles; the Trans-Obio division, 724-01 miles ; L o a n o f 1 8 7 9 , m a tu rin g in 1 9 1 9 , A p r il 1
a n d O c to b e r 1, f o r a c c o u n t o f P a rk e rs
aggregating 1,191-83 miles; making a total in the whole
b u r g B ra n ch R a ilro a d C o m p a n y , se
system of 1,965-06 miles of road.
cu re d b y $ 3 ,0 0 0 ,0 0 0 M o r tg a g e B o n d s
Tne total of first, second, third and fourth tracks and sidings
o f th e P a rk e rs b u rg B ra n ch R a ilr o a d
1 8 0 ,0 0 0
3 ,0 0 0 ,0 0 0
C om p a n y , h e ld b y T ru ste e s ....................... a t 6
o f the entire system aggregates 3,226-42 miles, for details of
B
o
n d s o f N o rth -W e ste rn V ir g in ia B a ilwhich see 65th Annual Report, 1891, “ Table F ,” page 39.
r o a d C o m p a n y , m a tu r in g in 1 9 0 2 , J a n
Its.'rails are: Steel, 2,939-76 miles; iron, 286.66 miles; total,
8 ,4 0 0
1 4 0 ,0 0 0
u a ry 1 and J u ly 1 ........................................... a t 6
3,226-42 miles. Gauge is the standard one of 4 feet 8% inches. L o a n o f 1 8 8 3 , m a tu r in g in 193 3 , A p r il 1
a
n
d
O
c
to
b
e
r
1,
o
n
a
c
c
o
u
n
t
o
f
P
h
ila
d
e
l
Its equipment consists of 28,483 engines and cars ; 848 loco
p h ia B ra n ch a n d th e B a ltim o re <& P h il
motives, 421 passenger coaches, 61 combination coaches, 4
a d e lp h ia R a ilro a d C o m p a n y , s e cu re d
•dining cars, 13 officers’ and pay cars, 117 baggage, mail and
b y m o rtg a g e o n P h ila d e lp h ia B ra n ch
a n d b y p le d g e o f a ll F irs t M o rtg a g e
postal cars, 26,949 freight and service cars, 70 express and
B o n d s o f B a ltim o r e & P h ila d e lp h ia
express refrigerator cars.
R a ilro a d C o m p a n y , a m o u n tin g t o
Earnings of the entire system for the fiscal year ending
5 2 2 ,7 2 0
* 1 ,0 0 0 ,0 0 0 ........................................................ a t 4^3 1 1 ,6 1 6 ,0 0 0
Sept. 30, 1891, w ere: Gross, $24,530,394-91 ; total expenses, L o a n o f 1 8 8 5 , m a tu r in g in 1 9 2 5 , F e b ru
a
ry
1
a
n
d
A
u
g
u
s
t
1,
se
o
u
re
d
b
y
$
1
0
,$17,073,232-86; net earnings, $7,452,162-05.
0 0 0 ,0 0 0 S e co n d C o n so lid a te d M ortg a g e
The assets and liabilities as of Nov. 30, 1891, are as follows :
B o n d s o f th e P itts b u rg & C on n ellsA ssets.
v ille R a ilr o a d C o m p a n y , h e ld b y
B
a l t im o r e ,
C o s t p f co n s tru c tio n , in clu d in g b rid g e s o v e r th e O hio
R iv e r a t B e n w o o d a n d P a rk ersb u rg , W . V a ................... $ 3 9 ,8 2 1 ,5 1 9 35
-C o s t o f o th e r roa d s o w n e d b y th e B . & O. R R . C o ..........
8 ,6 7 7 ,7 4 0 39
A d v a n c e s fo r c o n s tr u c tio n an d p e rm a n e n t im p r o v e
m en ts o n lin es le a se d an d o p e r a t e d ...................................
3 ,4 2 7 ,5 5 1 58
E q u ip m e n t b e lo n g in g to B. & 0 . R R . C o .$ 1 3 ,4 1 6 ,7 0 3 3 6
.E q u ip m e n t fo r w h ic h B . & O. R R . Co.
issu ed its b o n d s ............... .......................... 2 ,5 0 0 ,0 0 0 0 0
E q u ip m e n t C ar T ru st p a y m e n t s ...............
4 0 2 ,5 9 8 4 4
E q u ip m e n t b ette rm e n ts t o T ru st eq u ip .
4 4 ,2 9 7 35
1 6 ,3 6 3 ,5 9 9 15
R e a l estate..................... ............ .............................
4 ,7 1 0 ,6 9 8 11
R o n d s a n d s to c k s h e ld b y T ru stees as s e cu rity f o r
B o n d e d D e b t ................................................................................
3 1 ,0 6 0 ,1 8 6 52
S in k in g F u n d s ..................................................$ 1 0 ,5 5 6 ,0 8 0 0 0
U n in v ested , in c r e m e n t a n d a p p ro p ria
t io n s
.......................................................
1 6 9 ,2 4 5 0 0
1 0 ,7 2 5 ,3 2 5 0 0
1 1 ,1 6 0 ,5 7 2 8 9
B o n d s a n d s to c k s o f o th e r c o r p o r a t io n s ..............................
© u e fr o m o th e r ra ilro a d s in gen era l
a c c o u n t ....................... ................................... $ 1 ,6 9 1 ,1 6 0 87
T r a ffic b a la n c e s d u e fro m c o n ’in g lin e s .
5 6 0 ,7 1 5 99
B il l s a n d a c c o u n ts r e c e iv a b le ...................
1 ,2 7 6 ,2 7 5 0 4
3 ,5 2 8 ,1 5 1 9 0
C o n s o lid a te d " M o r tg a g e B o n d s o f th e
B a ltim o r e & O h io R a ilro a d C o m p a n y
o f 1 88 8 , m a tu r in g in 1 9 8 8 , F e b ru a ry 1
a n d A u g u st 1 — ...........................................
B a ltim o r e & O h io C ar T ru st B o n d s, is
su ed in 1 88 7 , J a n u a ry 1 a n d J u ly 3,
re d e e m a b le b y a n n u a l p a y m e n ts o f
$ 2 5 0 ,0 0 0 e a c h . — ................................. ..
P itts b u rg & C o n n e llsv ille R a ilro a d C om
p a n y Enrst M o rtg a g e B o n d s, m a tu r in g
1 8 9 9 , J a n u a ry 1 a n d J u ly 1 ................. .
C o n so lid a te d M o rtg a g e B o n d s, £ 1 ,3 7 3 ,6 0 0 ste rlin g , o f P itts b u r g <& C on n ellsv ille R a ilro a d , m a tu rin g in 1 9 2 6 , J a n
u a r y 1 a n d J u ly 1, a t $ 4 8 4 ............... .
at 5
1 0 ,0 0 0 ,0 0 0
5 0 0 ,0 0 0
at 5
1 0 ,1 0 0 ,0 0 0
5 0 5 ,0 0G
1 ,5 0 0 ,0 0 0
7 0 ,3 1 2
at4*2
at 7
4 ,0 0 0 ,0 0 0
2 8 0 ,0 0 0
at 6
6 ,6 4 8 ,2 2 4
3 9 8 ,8 9 3
..........$ 8 0 ,6 2 9 ,2 2 4 $ 4 ,3 6 1 ,4 0 5
C o n s o lid a te d M o r tg a g e B o n d s in S in k in g
F u n d s, $ 3 .7 2 6 ,0 0 0 , th e c o u p o n s o f
w h ic h a re p a y a b le in B . & O. C o. C o n
s o lid a te d M o r tg a g e B o n d s .....................— a t 5
T o ta l is s u e .........
8 ,T 2 6 ,0 0 0
.$ 8 4 ,3 5 5 ,2 2 4
F ebruary 27, 1892.]
TH E
CHRONICLE.
369
subscribers shall not have any right to sell the said shares or
withdraw any of them from deposit with said Trust Company;
but this restriction as to sale shall not apply to the negotiable
C anceled
_ B.-<& O. _
certificates hereinafter provided to be issued by said Trust
bonds o f M iscell. C onsol’d ’ed
issu e.
bonds.
5 p e r c’t.
Company for said shares.
Third .—In case any dividends are declared and paid upon
L o a n o f 1 8 7 0 ___ 417J208 1 ,7 8 5 ,2 0 4
9 6 0 ,0 0 0
the Common Stock of the Baltimore & Ohio Railroad Com
L o a n o f 1 8 7 2 . . . . 3 7 8 ,4 8 8 2 ,4 2 9 ,5 0 0 1 ,2 4 2 ,0 0 0
pany during the time that said shares transferred and depos
L o a n o f 1 8 7 4 ___
4 5 ,4 9 6
9 5 9 ,5 0 4 1 ,5 2 4 ,0 0 0
ited hereunder are held by said Trust Company, the said Trust
L o a n o f 1 8 7 7 . . . . 6 6 5 ,0 1 6
...................................
P it ts . & C on ’ v ille
Company shall, on demand, pay or deliver to the holders of
c o n . lo a n o f ’ 7 5 .
8 0 ,3 4 4
3 8 6 ,7 0 0
..............
the negotiable certificates issued therefor hereunder any and
all dividends which it may receive upon the said shares so
I jT o t a lS ................. 1 ,5 8 6 ,5 5 2 5 ,5 6 0 ,9 0 8 3 ,7 2 6 ,0 0 0 $ 1 0 ,8 7 3 ,4 6 0
transferred to and deposited with it under this agreement.
N e t Ijon d ed in d e b te d n e ss e n tire s y s t e m . . . . — ..$ 7 3 ,4 8 1 ,7 6 4
F ourth.—The Trust Company, upon the transfer of said
C ash r e c e iv e d fo r M a in L in e S in k in g F u n d s . . . . .
shares to it, as Trustee, shall issue to Charles F. Mayer and
N e t ca s h o u t la y f o r in te re s t o n fu n d e d d e b t f o r
two or more persons appointed by him an irrevocable proxy"
y e a r e n d e d S ept. 3 0 ,1 8 9 1 ..................................•— ^
$ 1 ,0 4 9 ,2 5 5
or proxies in writing, authorizing said Charles F. Mayer and
The interest on the securities in the Sinking Funds of Loans his appointees, or either of them (with rights of substitution)
of 1870, 1872 and 1874 is turned into the Company s treasury to vote upon said shares at any meeting of stockholders of the
for general purposes, and is treated as a miscellaneous receipt, Baltimore & Ohio Railroad Company for the period of three
amounting to $312,149 96, as shown in table C. The interest years from the first day of July, 1890.
on the face of the loans has to be paid m full and is therefore
In case of death, resignation or inability to act of Charles F.
so charged. (See table D.)
. .
.
,
. T
Mayer, or any one of his appointees in said proxy or proxies,
,
sFor the increments on securities in Sinking Funds of Loans the remaining parties shall at once appoint his successor in the
/
o f 1870, 1872 and 1874 and the annual appropriations, B. & O. proxy or proxies, and notify the Trust Company in writing o f
Consolidated Mortgage Bonds are issued as provided fo rm the such appointment ; thereupon the Trust Company shall issue a
«29,600,000 mortgage of 19th December, 1887.
new irrevocable proxy or proxies of the same tenor as the ori
1 The report of the Registrars of the stock cannot b 8 given
ginal to such remaining parties and their appointees.
for the following reason : The Company ha 3 not up to this
This power of appointment shall continue and be exercised
time had its stock registered, as transfers thereof were made in every subsequent case of the death, resignation or inability
only at the office of its Treasurer in Baltimore.
.
to act of any one o f the original or substituted parties named
To comply with the rules of the Exchange, it has appointed in the proxy or proxies, in order that the irrevocable proxy
Registrars and Transfer Agents, and herewith submits the hereby provided for may be continued in full force so long as
form of Agreement with the respective Registrars.
the shares deposited hereunder continue to be held in trust b y
The 50,966 shares of Com m on Capital Stock authorized to said Trust Company.
be issued at a meeting of the Board of Directors, of December,
F ifth .—The subscribers hereto shall, upon making such
1891 <■and which £trc included in the above-stated ^50,000 transfer and deposit of their respective shares of said stock,,
shares, will be represented by the new form of certificates receive from said Trust Company, negotiable certificatesherewith submitted, and the old certificates of stock as they therefor substantially in the following form :
are surrendered for transfer will be replaced by such new cer
Trustees’ Certificate
tificates. Of this 50;966 shares, 25,000 are the shares remain
for
ing in the treasury and referred to above.
, , , ..
beneficial interest in the Common Capital Stock of thé Balti
A sample copy of the certificate of stock asked to be listed more & Ohio Railroad Company, deposited with the Farmers’"
is herewith exhibited.
.
_
.,
Loan & Trust Company, under Agreement dated June 23,1890.
Charles F. May er , President.
The Farmers’ Lean & Trust Company, Trustee, ‘h ereb y
The Committee recommended that the above-described
1S*
$13,525;OOG Common Capital Stock be admitted to the lis t; certifies that
entitled to the beneficial interest in
.
engraved certificates registered in N. Y. only to be a delivery. shares
of one hundred dollars each of the Common Capital
Adopted Feb. 24,1892.
Stock of the Baltimore & Ohio Railroad Company, certificates
for which have been deposited with and assigned to the said
Trust Company, Trustee, under and subject to the terms of a
T H E B A L T I M O R E & O H IO R A I L R O A D .
certain agreement made between Ed. R. Bacon, Robert Garrett& Sons and their associates, and the Farmers’ Loan & Trust
A P P L I C A T I O N T O N E W Y O R K ST O C K E X C H A N G E T O L IS T Company, dated June 23, 1890, and lodged with said Trust
B E N E F I C I A L I N T E R E S T C E R T IF IC A T E S .
Company ; to which agreement the holder hereof assents and
is irrevocably bound by receiving this certificate. The regis
B altimore, Md., February 5,1892.
tered holder hereof is entitled to receive all dividends on said
The Baltimore &£Ohio Railroad Company hereby makes shares as and when delivered and paid to the Trust Company,
application to your Committee for the listing of Trustee s Cer Trustee, and upon surrender of this certificate on or after July
tificates for beneficial interest in 89,750 shares ($8,975,000) of 1st, 1893, to receive the said shares of the Common Capital
its common Capital Stock; said shares being part of its total Stock of said Baltimore & Ohio Railroad Company, with theauthorized issue of $25,000,000; said Trustee’s Certificates being right to any dividends then declared thereon and to which;
issued under an agreement between Ed ward R. Bacon, Robert such holder may be then entitled.
The interest represented by this certificate is assignable b y
Garrett & Sons and associates and the Farmers’ Loan &
transfer upon books kept for that purpose by the Trust Com
Trust Company, dated June 23, 1890, in terms as follows:
pany, by the holder hereof in person or by attorney, upon sur
Agreement, made this twenty-third day of June, 1890 render of this certificate subject to the terms and conditions
between Edward R. Bacon of New York, Robert Garrett & of said agreement.
Sons of Baltimore, Maryland, and their associates, who may
The F armers’ L oan & T rust Company , Trustee.
execute this instrument—holders of the number of shares of
B y ----------------Common Stock of the Baltimore & Ohio Railroad Company
set opposite their respective names hereto, hereinafter called
(Form
of
Indorsement
on
Back
of
Certificate.)
the subscribers, parties of the first part, and the Farmers
Loan & Trust Company of the City of New York; herein
Know allmen by these presents, that
_
after called the Trust Company, party of the second part the undersigned, for value received, have bargained, sold,,
'Witnesseth:
assigned and transferred, and by these presents do bargain,,
That, whereas, a certain number of the said subscribers, on sell, assign and transfer unto
all th&the tenth day of June, 1890, purchased from Edward R. Bacon property, right, title and interest represented by the withm.
forty-four thousand eight hundred and ninety-eight (44,898) certificate, subject, however, to all the terms and condition»,
shares of the Common Stock of the Baltimore & Ohio Railroad of the agreement referred to therein, and do hereby constitute
and appoint
true and lawful attorney,
Company, and
Whereas, it was conditioned, among other things, upon said irrevocable for
and in 1
name and
purchase, that said shares so purchased when delivered, should stead, but to
use, to sell, assign, transfer and.
be pooled with other Common Stock of said company for a set over all said property, right, title and interest, and for that
period of three years from the first day of July, 1890; and purpose to make and execute all necessary acts of assignment ,
"that the proxies therefor should be issued to Chas. F. Mayer and transfer, and one or more persons to substitute with like
land his nominees, to continue in force during the existence full power, hereby ratifying and confirming all that ^
said attorney, or
^
substitute or"
of such pool.
Now, therefore, in consideration of the premises and of the substitutes, shall lawfully do by virtue hereof.
‘mutual covenants herein contained, the said parties hereto
In witness whereof,
have hereunto set
1‘h ereby agree to and with each other, and with the said Trust
hand and seal this
day of
, oneCompany as Trustee, as follows:
. _■ thousand eight hundred and
----------------------- ------------(L. b.)
F irst.—The subscribers, upon the execution hereof, shall
transfer, or cause to be transferred to, and deposit, or cause to
Signed, sealed and delivered )
be deposited with, said Trust Company, as Trustee, certificates
in the presence of
)
o f Common Stock of the Baltimore & Ohio Railroad Company
S
ix t h .— The shares of Common Stock of the Baltimore &
representing the number of shares set opposite their respective
Ohio Railroad Company deposited and to be deposited a n L
nameShereto.
•Second.—The Trust Company shall hold all of the said transferred under this agreement, shall not exceed one hun
dred and ten thousand shares; and said shares, when so de
1phases so transferred to, and deposited with it, as Trustee, and
•Shall hold the same subject to the terms of this agreement posited and transferred, shall be held by said Trust Company
until the first day of July, 1893, during whieh period the said until the said first day of July 1893, unless otherwise determB ro u g h t f o r w a r d ...............................................................$#4j3SS>224
Sinking Funds for account of above :
94tS^>4°S
370
THE
CHRONICLE.
ined by a consent in writing of the holders of all the negoti
able certificates for said shares issued hereunder.
Seventh .—On and after the first day of July, 1893, the said
Trust Company, upon the surrender o f each o f the said nego
tiable certificates issued hereunder, shall deliver to the holder
thereof the number of shares of said Common Stock to which
he may be entitled under said negotiable certificates, and
thereupon he shall have the right to any dividend then de
clared on said shares and to which such holder may be then
entitled.
Eighth .—This agreement shall be binding upon and enure
to the benefit of the heirs, administrators, executors and as
signs of the respective subscribers, and the successors and as
signs of said Trust Company.
Ninth.—Copies of this agreement may be signed by any
person becoming an associate of the parties of the first part,
and, when so signed, shall be as binding on the parties signing
such copy or copies as if their signatures were affixed to this
agreement, which, with all o f such copies so signed, shall be
taken as constituting one original agreement.
In witness whereof, the parties of the first part have here
unto set their hands and seals, and the party of the second
art, in token of its acceptance of the trust hereby created,
as caused these presents to be signed by its President, and
its corporate seal to be hereunto affixed and attested by its
Secretary, the day and year first above written, in duplicate.
) E. R. Bacon,
Executed by >•R obt. Garrett & Sons,
LVo l . LTV,
S h e © a m m e m a l ^ in te s .
COMMERCIAL
EPITOME.
Friday Night, Feb. 26,1892.
Trade for the spring season has continued to make slow
progress. Complaints are made from the West that the low
prices of cotton at the South are causing a great curtailment
of cured meats for that section. However, cotton closes less
depressed. The speculation for the rise in wheat received a
serious check early in the week, and the market has latterly
been unsettled, though the close is active for export. The
weather has been fairly seasonable, and the weather-wise tell
us that an early spring may be expected. A bread riot in
Berlin and a Cabinet crisis in Paris are events of the week
abroad, but have had no influence here.
Lard on the spot has declined, but the reduced prices led to
a very good business to-day at 6-35c. for prime City,and 6-75c.
®6-7?3^c. for prime Western, with refined for the Continent
quoted at 6 -95c. @7 *10c. The speculation in lard contracts has
been at times quite dull. To-day the offerings were quite
liberal, from the anxiety of the “ longs” to realize, and at
)
AND THEIR ASSOCIATES.
Details as to the corporate title of said railroad company, its some decline the market was fairly active, the sales including
assets, liabilities, &c., are specifically set forth in said com- an August contract at 7 12.
’s application of February 5, 1892, for the listing of $13,d a il y closing prices o p l a r d fu tu r e s .
00 of its Common Capital Stock, to which reference is
Sat.
M on .
T ue».
W ed.
T h u r.
F ri.
.c . 6*80
hereby specifically made for particulars.
6-75
6-78
6*76
6 -72
p-bd
6-32
6 -85
690
6-86
6*80
Copy of form of the Trustees’ Certificates for beneficial in
707
6-98
7 -0 4
7 -00
6-93
terest is filed herewith.
Charles F. May er , President.
Pork has been slow of sale but was fairly active to-day at
The Committee recommended that the above-described
$8,975,000 Farmers’ Loan & Trust Co. Beneficial Interest Cer $9 75J10 50 for mess, $10 for extra prime and 18@15 for clear.
tificates for Common Capital Stock be admitted to the list.
Beef continues d u ll; extra mess, $6 @ 6 50 ; packet, $8@9 50 ;
Adopted Feb. 24, 1892.
family, $10@12 50 per bbl. ; extra India mess, $15^18 per
C O N S O L I D A T E D K A N S A S C I T Y S M E L T I N G tierce. Beef hams are quiet at $ 13 50@ 14 per bbl. Cut-meats
have had a slow sale, and close nearly nominal at 6 % @ 6 % c.
& R E F I N IN G C O M P A N Y .
for pickled bellies, 5@5%c. for pickled shoulders and 9,§9%c.
A P P L I C A T I O N TO T H E N E W Y O R K S T O C K E X C H A N G E .
for pickled hams. Tallow is more active to-day at 4 11-16@
4%c. Sterine is steady at 7%@7%c. in bhds. and tcs. Oleo
New Y ork , February 9, 1892.
The Consolidated Kansas City Smelting & Refining Com margarine is quoted at 6 % § 6 %c. Butter is very firm and in
pany, in pursuance of the notice heretofore given, hereby smaller supply at 23@31c. for creamery. Cheese is firmer at
respectfully applies through your committee to the Governing ll(@12%c. for State factory, full cream.
Committee of the New York Stock Exchange, to have an addi
Coffee on the spot has been fairly active, and values have
tional issue of $500,000 of the capital stock of this company duly
listed and declared a good delivery. The original issue of advanced a trifle. Rio No. 7 is quoted at 15c. To-day’s sales
$2,000,000 was duly listed upon the Exchange on Jan. 9, 1889. included Rio No. 7 to arrive at 14%c.@14%c. and Rio No. 8
The increase in the capital stock was duly authorized by
the proceedings of the Trustees and stockholders, duly taken 13%c.@13%c. Mild grades have been quiet but steady ; good
pursuant to law and filed in the office of the Secretary of Cacuta is quoted at 21c. The speculation in contracts has been
State of the State o f New York, and the office of the Clerk quiet, but prices have advanced on stronger European a d
of the City and County of New York, on the 22d day of Jan- vices and reduced crop estimates. To-day there was a fur
uary, 1892. Six copies of these proceedings are submitted
with this application. The company also submit to your com ther improvement on buying for European account. The
mittee the opinion o f their counsel as to the validity and reg close was steady, with sellers as follows :
ularity of the increase.
F e b r u a r y ...........14*35o. |M a y ...................... 1 3 '1 0 o . I A u g .....................1 2 ’6 0 e .
Of this increase in the capital stock $250,000 has been dis M a ro b ............... 1 3 -7 5 o J u n e ........................1 2-8 0 e. S e p t.................... 1 2*5 0 o.
A p r il.................. 13*30e. I J u l y ...................... 12-7 0 o. | O o t...................... 1 2 ’35o.
tributed as a stock dividend, representing an actual accumu
an advance of 15@45 points for the week.
lation of surplus capital by the company very largely invested
Raw sugars have been moderately active and about steady,
in the increase of the plants of the company at Argentine,
Kansas, and at Leadville, Colorado. The remaining $250,000 closing at 3c. for fair refining muscovado and 3 13-32c. for
of the increase now remains in the treasury of the company centrifugals, 96 deg. test. The sales to-day included centrif
subject to sale on such terms (but at rates not less than par)
as may be prescribed by the trustees of the company. The ugals, 96 deg. test, at 3 13-32c.; molasses sugar, 89 deg. test,
outstanding shares of the capital of the company, being of the at 2 28-32c., and m uscovaio, 89 deg. test, at 3c. Refined
par value of $2,250,000, is held by a large number of stock sugars have continued quiet but steady; quoted at 5 @ 5 %c.
holders in different parts of the United States, being upwards for crushed and 4@4%c. for granulated. The boiling grades
o f 75 in number. The registrar of stock of this company is
the Farmers’ Loan & Trust Co. Par value of stock $25 per share. of molasses have been dull but steady, closing at 1 2 % § 1 2 %c.
I submit herewith a copy of a condensed balance sheet of for 50 deg. test. At the tea sale on Wednesday the offerings
the company, as of 30th of November, 1891, the last statement were somewhat reduced, but prices were a shade easier.
completely prepared.
Kentucky tobacco is firm, stocks being somewhat reduced.
C o n d e n s e d B a l a n c e -S h e e t C o n s o l . K a n . C J3. & R . C o . D e c . 3 1 , ’ 9 1
Cish...................... $233,27213 C ap ita l s to c k ..................... $ 2 ,0 0 0 ,0 0 0 0 0 The sales for the week are about 200 hhds. Seed leaf remains
C o rp o ra tio n s a n d in
B o n d s ................................... 1 ,0 0 0 ,0 0 0 0 0in fair request, the sales for the week aggregating 1,295 cases,
d iv id u a ls .................
1 3 2 2 0 3 48 B ills p a y a b le ....................
6 0 5 ,7 8 6 9 2
I n v e s t m e n t s ............... 1 ,5 5 3 ,2 3 6 9 0 u n p a id v o u c h e r s _______
1 9 2 ,7 2 6 6 0as follows: 400 cases 1890 crop, Wisconsin Havana, ll% @
C o n s tr u c t io n ..... .........
4 6 6 ,6 8 8 26 P r o fit and l o s s ..................
7 1 9 ,5 1 9 4 3 14%c.; 300 cases 1890 crop, Pennsylvania seed, 12 <®14%c.; 150
O re an d b u llio n .......... 1 ,6 8 3 ,5 0 3 1 1
cases 1890 crop, Pennsylvania Havana, 13 d>37%c.; 150 cases
M a te r ia l.fu e l & flu x .
7 0 ,6 8 8 5 6
N . Y o r k le a d a c c o u n t
1 1 0 ,8 9 7 32
1890 crop, State Havana, 13%7<t25c.; 145 cases 1890 crop,
M e r ch a n d ise .e sc a lo n
1 3 ,1 8 6 19
Dutch, 12%@14%c., and 150 cases sundries, 6 % u.35c.; also 750
O r g a n iz a tio n e x p ’ se.
2 ,7 7 3 91
bales Havana, 70c.@$l 15, and 250 bales Sumatra, $2 25 a $3 25.
G o o d w ill a c c o u n t ___
1 8 1 ,5 3 0 11
S usp’ nse fre ig h t, & c.
Of metals, Straits tin has been quiet, but the close is firm at
4 ,8 4 1 8 4
A d v ’ ce d in t., t ’x e s ,& c
6 5 ,1 1 1 14
19-60c. Ingot copper is quoted steady at 10'60c. for Lake, but
no transactions are reported. Domestic lead is quiet and un
$ 4 ,5 1 8 ,0 3 2 95
$ 4 ,5 1 8 ,0 3 2 95
changed at 4%c. Pig iron is very steady, but all reports com
During Dec., 1891, the Company earned a very considerable plain of slow trade; No. 2 quoted $15 J17 for Southern and
profit.
Northern.
Very respectfully yours,
Refined petroleum is quoted at 6-40c. in bbls., 7 50c. in
T h e C o n s o l i d a t e d K a n s a s Ci t y S m e l t i n g & R e f i n i n g C o .
cases and 3*90c. in b u lk ; naphtha, 5 50c.; crude in bbls.,
By N. W i t h e r i l l , Vice-President.
5’75c., and in bulk, 3 '25c. Crude certificates have been un
The Committee recommended that $250,000 of the above- usually dull, and close at 58%c. Spirits turpentine has made
mentioned $500,000 additional Capital Stock be added to a further and important advance, closing at 42%@43c. Rosins
amount now on list, making total amount to date $2,250,000. have been fairly active and close firmer at $1 32% ^$1 35.
Adopted February 24, 1892.
Wool is dull. Hops are somewhat unsettled.
E
K
THE
F ebruary 27,1892,]
C
O
T
T
O
N
CHRONICLE.
.
P. M., February 26, 1892.
T h e M o v e m e n t o f t h e C r o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 142,668 bales,
against 145,681 bales last week and 182,983 bales the previous
week, making the total receipts since the 1st of Sept., 1891
■8,072,981 bales, against 5,809,392 bales for the same period of
1890-91, showing an increase since Sept. 1.1891, of 263,592 bales.
F r id
R eceip ts at—
Sat.
Sion.
Galveston........
3 ,2 1 8
El Paso, ¿ eg. . .
Mew Orleans... 1 3 ,7 0 3
Mobile...............
883
Florida.............
Savannah........
1 ,9 0 4
Brunsw’k, Ac. . . . . . .
Charleston.......
8 43
Port Royal,&o
W ilm ington....
247
WaSh’gton,<&o
Norfolk............. 2 ,4 3 7
639
West P oin t...
N’ wp’tN’a,&c. . . . . . .
New York........
B oston .............. 1 ,4 6 6
Baltim ore........
Phlladelph’a.&c
142
ay
,
Tues.
4 ,1 9 1
1 ,1 3 5
Wed.
T h u rs.
1 ,4 1 9
3 ,9 4 4
9 ,5 7 4 2 2 ,9 6 6
965
2 79
1 ,6 6 1 1 3 ,7 2 3
681
133
2 ,4 9 7
......
1 ,7 1 5
1,4 0 9
......
798
......
261
2,0 3 1
......
8 85
......
120
3 43
552
..........
1 ,0 7 0
2 ,7 6 8
480
458
......
940
2 ,3 4 5
600
299
1 ,0 0 9
......
381
395
656
738
......
1 ,0 7 6
57
9 17
1 ,1 6 4
..........
1 ,4 0 6
.
493
F r i.
Total.
2 ,0 3 3
637
8 ,3 6 9
174
6
2 ,3 5 4
2 ,2 7 3
215
113
246
61
1 ,1 9 3
1 ,0 5 5
4 ,8 2 9
1 ,0 0 0
690
2 ,4 0 3
911
1 5 ,9 4 0
637
6 9 ,9 9 6
3 ,0 9 5
6
1 1 ,2 0 4
2 ,2 7 3
4 ,8 3 7
113
1 ,2 6 9
61
6 ,0 2 6
4 ,6 5 6
4 ,8 2 9
5 ,5 5 2
7 ,3 2 6
2 ,4 0 3
2 ,4 4 5
Totals this week 2 8 ,4 6 2 2 1 ,5 1 9 3 0 ,1 4 5 1 3 ,5 3 9 2 3 ,3 8 1 2 8 ,6 2 2 1 4 2 ,6 6 8
For comparison we give the follow ing table showing the
week’s total receipts, the total since September 1, 1891, and
the stock to-night, compared with last year.
R ece ip ts to
Feb. 26.
G alveston...
E l Paso,&o.
Mew Orleans.
Mobile. . ..
Florida........
Savannah...
Bruns., &o.
Charleston ..
P. Royal,&c
Wilmington.
Wash’tn,&o
Norfolk........
West Point.
NwptN.,&o
New Y o r k ...
Boston..........
Baltim ore...
P h ii’ d e l’ a , &c
1891-92.
This
W eek.
1890-91.
Since Sep.
This
W eek.
1,1891.
S tock.
S in ce Sep.
1,1890.
15,940 1,032,996 11,127 888,926
30,618
637
835
22,422
69,996 2,099,627 35,316 1,716,724
3,095 238,144
5,253 262,453
6
22,968
159
34,486
11,204 881,645 21,262 959,195
2,273 151,719
2,946 165,723
4,837 426,257
9,131 413,017
1,433
113
675
1,269 147,873
2,307 174,399
2,282
55
3,730
61
6,026 436,749
9,534 544,360
4,656 274,414
9,052 294,441
4,829
39,350
4,843
82,279
5,552
67,986
7,614
86,564
7,326
94,019
5,481
76,399
2,403
65,546
401
46,468
2,445
59,378
1,600
37,126
77,465
51,711
441,630
35,257
327,701
42,054
74,994
7,000
55,360
72,179
5,852
41,245
10,519
12,885
43,356
11,095
6,513
402,726
16,000
31,808
14,963
32,035
7,264
5,047
134,364
13,000
6,208
6,825
Totals........ 142,668 6,072,984 126,896 5,809,392 1,228,686
758.368
In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
R eceip ts at—
1892
1891
1890.
1889.
1888.
Ga4v’ston,&o
Mew Orleans
Mobile..........
Savannah...
Oharl’st’n,&o
Wllm’gt’n,&o
Norfolk........
W’ t Point, &o
A ll others...
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
13,170
22,407
2.279
8.279
3,854
980
6,180
15,872
23,572
4,802
23,729
2,257
5,265
4,960
540
6,085
'6,570
11,354
1887.
5,253
35,846
2,128
8,812
7,824
803
7,990
4,401
7,394
Tot. this week 142,668 126,896
86,608
96 593
65,562
79,951
Since Sept. 1 6072,984 5809.392 5372,469 4929,327 4901,459 4856.185
the week ending this evening reach a total
o f 10a,412 bales, of which 45,116 were to Great Britain, 24,503
to France and 35,793 to the rest o f the Continent# Below are
the exports for the week, and since September 1 , 1891.
E xports
from —
Week Ending Feb. 26.
From Sept. 1,1891, to Feb. 26,1892.
Exported to—
________ Exported to—
Great
Conti Total
Great
ContiB rit’n. France nent. Week. Britain. France nent.
Total.
G alveston....... 20,2141 .........
600 20,814 590,069 59,9331
New Orleans.. 8,028 20,214 20,141 48,383 709,412 380,846
M obile........ .
87,866
Savannah.......
4,940
4,940. 175,926 30,197
Brunswick .. . .
87,344
4,849
Charleston .. ..
1.350
1,350 154,991
5,550
W ilm ington ...
61,671
N orfolk...........
608 128,587
7,900
W est P o in t...
78,988
N’portN ws, &o
2,724
2,724
13,764
6,272
New Y ork ....... 10,721 1,565 6.417 18,703 294,686
Boston.........
Baltim ore.......
Philadelp’a,Ac
4,483
500
530
20,083
1,687
650
8
6,172
1,150
538
178,378
65,030
14,262
5,245
101,657 751,669
445,181 1,535,439
37,866
241,793 447,916
93,193
151,148 811,689
46,487 108,168
27,143 163,630
12,383
91,371
19,086
130,6X3 445,388
6,332 184.610
68,578 138,853
608
14,870
T o ta l............ 45,116 2 1’5031 35-7931105,41212,590,874 519,878 1,231,926 4,342,678
T o ta l, 1890-91. 96,812 22,640 37,217 156.669 2.458,836 473,238 1.410.835 4.343 039
371
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 for
New York, which are prepared for our special use by Messrs,
Oarey, Yale & Lambert. 24 Beaver Street.
On S h ip b oa rd , n o t clea r ed —f o r
F eb . 26 at—
New Orleans...
Galveston........
Savannah.........
Oharleston.. ..
New York........
Other p orts....
L ea v in g
S tock.
G reat
Other
B rita in . F ra n ce. F o re ig n
C oast
w ise,
Total.
17,373 12,044 23,325
16,404
8,388
1,239
None. None.
6,000
1,000 None.
5.000
None. None. None.
5,200 None.
3.000
4,500
500
6,350
15,000 None. 12,000
5,747
4,348
1,900
500
None.
1,000
None.
None.
58,489
30,379
7,900
6,500
None.
9,200
11,350
27,000
Total 1892...
59,477 20,932 56,914 13,495
Total 1891...
Total 1890...
61,519
75.685
3,182 65,352
5.117 70,561
383,141
47,086
67,094
48,860
35,257
34,156
391,376
70,898
150,818 1,077,868
12,242 142.295
14,205 165,508
610,073
447,133
The speculation in cotton for future delivery at this market
has been only moderately active for the week. Prices for
contracts have been feverishly unsettled and at times not a
little irregular. The sharp decline in February contracts on
Friday last was, for example, followed by an exceptional re
covery on Saturday, while the other months declined. The
movement of the crop has continued to be a dominant influ
ence upon values. Thus, the early decline on Tuesday was
due mainly to the large receipts at New Orleans. The later
recovery and small advance were caused by estimates o f
small receipts at New Orleans on Wednesday.
The
market reversed this course on Wednesday under
precisely opposite conditions—namely, small receipts for the
day, followed by estimates o f large receipts on Thursday
when the feature was the large business in “ switching,” ana
in exchanging March contracts for May and the summer
months, in which 57 points were paid between March and
August. To-day an early decline followed a weaker Liver
pool report, but a quick recovery took place, when Liverpool
made a steadier closing report. In the afternoon there was
considerable buoyancy, in response to a smart advance in
New Orleans and a material reduction of interior stocks,
which made sellers timid and led to brisk buying to cover
contracts. Cotton on the spot was quiet at unchanged prices,
until Thursday, when there was a decline of l-16c. To-day
the market was quiet but steady at 7 l-16c. for middling up
lands.
*
The total sales for forward delivery for the week are 407,000
bales. For immediate delivery the total sales foot up this week
2,938 bales, including 2,497 for export, 441 for consumption,
— for speculation, and — in transit. Of the above — bales
were to arrive. The following are the official quotations for
each day o f the past week—February 20 to February 26.
U PLA N D S.
S a t.
M o n T ues W ed
O rd in a ry ............................ . . . $ l b .
S trict O r d in a r y _____ _
G o o d O r d in a r y ................................
S trict G o o d O r d in a r v _____
L ow M id d lin g ..........
..............
S trict L o w M id d lin g ___
M id d lin g ...................1 ......................
G o o d M id d lin g ................................
S trlot G o o d M iddim er...................
M id d lin g F a ir ...............................
F a ir ...................................................
4%
5hä
4%
6
6 1o16
7^8
«
o
fci
9
? il« 6
W *
7k«
t í 85s
8 %
4k
5k
6
6*16
611l6
61 '1.6
7 716
V iiie
8k
8k
GULF.
S a t.
O rd in a ry ............................ . . . # l b .
S tr ic t O r d in a r v ..............
G o o d O r d in a r y ................................
S trict G o o d O r d in a r v ...................
L ow M id d lin g ..................................
Strlot L o w M id d lin g .....................
M id d lin g .........................................
G o o d M id d lin g ..........................
S trict G o o d M id d lin g ..
M id d lin g F a ir ..........................
F a ir .. ................................
54e
54a
630
S *
7°1«
74a
¡8 ?
8k
l ì , '“
83s
S T A IN E D .
S a t.
M o n T uesj W e d
M o n T ues W ed
k
t=l
a
CP
9
G o o d O r d in a r y ................ . . . f f l b .
S trict G o o d O r d in a r v .. .
L o w M id d lin g ............. ....................
M id d lin g ............................................
4k
4k
5k
611x8
54e
5k
63s
6 i i 16
&
F r i.
5 k 18
ill*
5 ; is
6k
6k
6k
i t 16
8 316
8 916
Th.
548
63s
S B
6 '16
6k
P
Z“ 16
7k
Í?J¿9
9
k
Th.
4k
4k
5%
6 H ia
I tSl 66
g
* ì ll#
öñiá6
lo l«
6k
6k
6k
7k«
738
7k
8*1«
F r i.
s »
ß 5 16
Sä*
7k
Z Ii«3
7k J
8»16
9 °
4k
4k
5k
6 iiie
Th.
F r i.
g is
41 18
I& 6
6k
Al16
5 U 16
64“
M A R K E T A N D S A L E S.
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 h jw the market closed on
same days.
SA L E S O F S P O T A N D T R A N S IT .
SPOT M ARK ET
CLOSED.
Saturday
Monday..
Tuesday..
Wed’da y.
Thursday
s’rid ay ...
Total...
D u ll..................
E x
p o r t.
C on- S pec- T ra n
Total.
su m p . u l't'n sit.
2,497
Q uiet.................
Easy......... .........
Quiet at ix« dec.
Quiet & steady.
2,497
S ales o f
F u tu res .
2,497
37,700
107
109
125
100
107
109
15
100
88,000
80,200
113,000
88,100
441
2,938
407,000
THE
o72
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fo llo w in g c o m p r e h e n s iv e t a b le :
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1891.
1890.
S to ck a t L i v e r p o o l..........b a le s . 1 ,6 9 0 ,0 0 0 1 ,1 1 2 ,0 0 0 1 ,0 4 3 ,0 0 0
8 ,0 0 0
1 8 ,0 0 0
1 3 ,0 0 0
S to c k a t L o n d o n ..........................
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p:
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T o t a l G r e a t B r ita in s t o c k . 1 ,6 9 8 ,0 0 0 1 ,1 3 0 ,0 0 0 1 ,0 5 6 ,0 0 0
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2 ,2 0 0
3 ,6 0 0
1 ,9 0 0
S to ck a t B r e m e n ........................... 1 4 8 ,0 0 0
1 6 0 ,0 0 0
1 2 5 ,0 0 0
S to ck a t A m s te r d a m ..................
2 5 ,0 0 0
2 1 ,0 0 0
6 ,0 0 0
S to ck a t R o tt e r d a m ................. .
300
500
300
5 ,0 0 0
S to c k a t A n t w e r p ........................
7 ,0 0 0
6 ,0 0 0
S to ck a t H a v r e .............................. 2 8 6 ,0 0 0
2 3 5 ,0 0 0
1 7 3 ,0 0 0
S to ck a t M a rs e ille s .....................
7 ,0 0 0
5 ,0 0 0
3 ,0 0 0
8 4 ,0 0 0
7 0 ,0 0 0
9 8 ,0 0 0
S to ck a t B a r c e lo n a .....................
1 1 ,0 0 0
S to ck a t G e ^ o a ..............................
1 6 ,0 0 0
2 0 ,0 0 0
1 3 ,0 0 0
1 4 ,0 0 0
S to c k a t T r i e s t e ............................
1 4 ,0 0 0
7 5 7 ,5 0 0
3 ,0 0 0
2 5 ,9 0 0
2 0 ,0 0 0
400
800
1 1 3 ,0 0 0
4 ,0 0 0
4 6 ,0 0 0
6 ,0 0 0
9 ,0 0 0
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T o ta l A m e r ic a n .....................4 ,2 4 8 ,3 7 2 2 ,8 7 8 ,2 1 7 2 ;8 9 5 ,7 1 4 2 ,2 1 8 ,1 9 0
£ a s t I n d ia n , B r a z i l , die.—
2 4 5 ,0 0 0
3 1 1 ,0 0 0 2 1 2 ,0 0 0 1 5 0 ,0 0 0
L iv e r p o o l s t o c k . . . ....................
L o n d o n s t o c k .................................
8 ,0 0 0
1 8 ,0 0 0
1 3 ,0 0 0
4 ,5 0 0
1 0 6 ,5 0 0
1 1 7 ,1 0 0
8 3 ,2 0 0
6 9 ,1 0 0
C on tin en tal s t o c k s .............
In d ia a flo a t f o r E u r o p e .............
7 5 ,0 0 0
1 8 0 ,0 0 0 1 9 0 ,0 0 0 2 3 8 ,0 0 0
E g y p t, B r a z il, & c., a flo a t ..........
3 8 ,0 0 0
4 4 ,0 0 0
2 8 ,0 0 0
3 6 ,0 0 0
T o t a l v is ib le s u p p ly ......... J 4 ,7 2 0 ,8 7 2 3 ,5 4 8 ,3 1 7 2 ,9 2 1 ,9 1 4 2 ,7 1 5 ,7 9 0
P rice M id . U p l . ,L i v e r p o o l . ...
3 H i0d.
4 78d.
6 i i 6d.
5 5s d .
P rice M id . U p l „ N e w Y o r k —
7 1i ec.
9c.
l i '- i e o .
1O3i 0c.
K IÔ® tÔ
©^4 Ü<
to-
T o t a l v is ib le s u p p ly ............4 ,7 2 0 ,8 7 2 3 ,5 4 8 ,3 1 7 2 ,9 2 1 ,9 1 4 2 ,7 1 5 ,7 9 0
O f th e a b o v e , th e to ta ls o f A m e r ic a n a n d o t h e r d e s c r ip tio n s a re a s f o llo w t ;
A m er ica n —
L iv e rp o o l s t o c k ............... b a le s . 1 ,4 4 5 ,0 0 0 8 0 1 ,0 0 0
8 3 1 ,0 0 0 6 0 3 ,0 0 0
C o n tin e n ta l s t o c k s ....................... 4 7 5 ,0 0 0
4 1 5 ,0 0 0
3 6 4 ,0 0 0 1 5 9 ,0 0 0
A m e rica n a f lo a t f o r E u r o p e .. .
5 5 3 ,0 0 0 4 6 5 ,0 0 0
3 3 8 ,0 0 0 3 2 5 ,0 0 0
U nited S tates s t o c k ...................... 1 ,2 2 8 ,6 8 6
7 5 8 ,3 6 8
6 1 2 ,7 0 1 8 1 5 ,7 7 5
H a lt e d S t a t e s in t e r io r s t o c k s ..
5 2 2 ,7 4 6 4 1 0 ,6 6 7
2 4 0 ,6 5 9 2 8 6 ,3 6 6
U n ited S ta te s e x p o r t s t o - d a y .
2 3 ,9 4 0
2 8 ,lr 2
9 ,3 5 4
2 9 ,0 4 9
A r i ’- r i
I
'4
2 2 8 ,1 0 0
9 8 5 ,6 0 0
2 3 8 ,0 0 0
3 2 5 ,0 0 0
3 6 ,0 0 0
8 1 5 ,7 7 5
2 8 6 ,3 6 6
2 9 ,0 4 9
T o ta l E a s t I n d ia , & c ............. 4 7 2 ,5 0 0
6 7 0 ,1 0 0 5 2 6 ,2 0 0 4 9 7 ,6 0 0
T o ta l A m e r ic a n ...................... 4 ,2 4 8 ,3 7 2 2 ,8 7 8 ,2 1 7 2 ,3 9 5 ,7 1 4 2 ,2 1 8 ,1 9 0
4©
**
I ®P:
< j© ts
Ia ?:
4 4 7 ,2 0 0
**
a
*? “? <
toto
H- U M
I & ?:
'■ 1
p~1
>
•4
a>
p $- The imports into Continental ports this week; have been
45,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 1,172,555 bales as compared with the same date
of 1891, an increase of 1,798,958 bales as compared with the
corresponding date o f 1890 and an increase of 2,005,082 bales
as compared with 1889.
A t the I nterior T owns the movement—that is the’receipta
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 1890-91—is set out in detail in the
following statement.
i I
3
1
:
* J
1 1: 1
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5 8 1 ,5 0 0
5 3 2 ,1 0 0
T o t a l E u ro p e a n s t o c k s .. . . 2 ,2 7 9 ,5 0 0 1 ,6 6 2 ,1 0 0 1 ,5 0 3 ,2 0 0
In d ia c o t t o n a flo a t f o r E u r o p e .
7 5 ,0 0 0
1 8 0 ,0 0 0
1 9 0 ,0 0 0
A m e r , e o t t ’ n a f lo a t f o r E u r o p e . 5 5 3 ,0 0 0 4 6 5 ,0 0 0
3 3 8 ,0 0 0
M g y p t,B ra z il,& e .,a fltio rE ’ r ’p e
3 8 ,0 0 0
4 4 ,0 0 0
2 8 ,0 0 0
B took in U n ited S ta tes p o r t s . . 1 ,2 2 8 ,6 8 6 7 5 8 ,3 6 8
6 1 2 ,7 0 1
S to c k in U . S. in t e r io r t o w n s ..
5 2 2 ,7 4 8 4 1 0 ,6 6 7
2 4 0 ,6 5 9
O h ite d S ta te s e x p o r t s t o - d a y .
2 3 ,9 4 0
2 8 ,1 8 2
9 ,3 5 4
T o t a l C o n tin e n ta l s t o c k s ..........
!?
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[ Vol.
The V isible Supply of Cotton to-night, as made up by cabl©
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns»
and consequently all the European figures are brought down
o Thursday evening. But to make the totals the complete
figures for to-night (Feb. 26) we add the item of exports from
the United States, including in it the exports of Friday onlv.
are sh ow n b y
au
3
*
res
O H BO N ICLK
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to©
1^. tSiiUi^.*-^© M tO tO i-© © l-‘ -JI-‘ Ml'OM<l®tO<IM*l©rf*©'^l<l
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1-1
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• I n c lu d e s sa les in S e p te m b e r, 1 8 9 1 , f o r S e p te m b e r, 1 9 ,6 0 0 ; S e p t e m b e r -O c to b e r , f o r O c to b e r, 3 4 4 ,2 0 0 ; S e p tem b er-N ov e m b e r, f o r N o v e m
b e r , 6 1 9 ,0 0 * ; S e p te m b e r-D e ce m b e r, f o r D e c e m b e r , 1 ,0 6 7 ,3 0 0 ; S e p te m b e r-J a n u a ry , fo r J a n u a ry , 3 ,9 9 7 ,2 0 0 .
to
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CM H »ft
T h e fo llo w in g e x c h a n g e s h a v e b e e n m a d e d u r in g th e w e e k :
'2 2 p d . t o e x c h . 2 0 0 M ch . f o r M a y.
■52 p d . t o e x c h . 2 ,0 0 0 M c h .fo r A u g .
*54 p d . to e x c h . 6 ,4 0 0 M c h .fo r A u g .
■24 p d . t o e x c h . 6 0 0 M ch. fo r M ay.
•35-pd. t o e x c h . 3 0 0 M ch. f o r J u n e.
•12 p d . t o e x c h . 5 0 0 M ch. fo r A p r.
•69 p d . to e x c h . 1 ,6 0 0 M c h .f ortSept.
*49 p d . t o ex c h . 7 0 0 M c h f o r J u ly .
• lO p d . t o ex ch , 2 0 0 J u ly f o r A u g.
• 5 7 p d . t q e x c h . 9 0 0 M oh. f o r A u g .
•37" p d . t o e x c h . 3 0 0 M ch . f o r J u n e
* 2 3 p d . t o ex c h , , 17Q0 A p r . f o r J u n e
•89 p d . to e x c h . 1 ,0 0 0 M ch . f o r N o v .
•55 p d . to e x c h . 1 ,4 0 0 M ch. f o r A u g .
•44 p d . to e x c h . 1 ,5 0 0 M ay fo r S ept.
•66 p d . t o e x c h . 3 0 0 M ch. fo r S ept.
;3 2 p d . t o e x c h , l,5 Q 0 M a y f o r A u g .
•23 p d . to e x c h . 6 0 0 M ch. f o r M ay.
•25 p d . t o e x c h . 4 ,1 0 0 M ch , f o r M ay.
•36 p d . to e x c h . 6 0 0 M ch. f o r J u n e .
•47 p d . t o e x c h .A Q O fliic h . for, J u ly .
•58 p d . t o e x c h . 1 0 0 M ch . f o r A u g .
•54 p d . t o e x c h . 2 ,3 0 0 M c h .fo r M a y.
-Ito M
|(a.© I*“-© © M tO1
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tO © © tO tO © * -tO tO C G -4 © © ©
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M CD to©^© If». © a 401 -4; © L to “ *©10 0 5 © »-4 _ ©©©*»© >-•©
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O' If»©Olto©©©©05©©^ t o © ® * -
* L o 'iis v ille ligu res I u e t ” in b o th y e a rs ,
r e v is e d .
f T h is y e a r ’ s fig u re s e stim a te d .
e tr o y e d b y fire,
to © © I
t L a s t yea r' s fig u re s
Ï 3 ,0 0 0 b a le s d e-
TH E
F ebruary 27,1892.J
CHRONICLE.
The above totals show that the interior stocks have decreased
'during the week 28,009 bales, and are to-night 112,079 bales
more than at the same period last year. The receipts at all the
towns have been 8,602 bales more than the same week last,
year, and since Sept. 1 they are 177,717 bales more than for the!
s ime time in 1890-91.
Q
u o t a t io n s p o r
M id d l in g C o t t o n
at
Other M
a r k e t s .—
Below we give closing quotations of middling cotton at Southe m a n d other principal cotton markets for each day of the week:
W eek e n d in g
Feb. 2 6 .
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
Satur.
• G a lv e ston ...
69ie
» e w O rlea n s
69i6
M o b ile ...........
6S>16
• S a va n n a h ...
C h a r l e s t o n .. 658® %
W ilm in g to n .
6*2
N o r fo lk .........
B o s t o n ..........
7^8
B a lt im o r e ...
718
P h ila d e lp h ia
7ia
A u g u s t a . . .. 6*^16'® ^4:
M e m p h i s ....
69t6
fät. L o u i s . . . .
6%
■ C in cin n a ti..
7
L o u i s v i l l e ...
7
W ednes.
T ues.
Jfon.
6918
6 ia
6 !g
6%
6 I3
6*8
7*8
71«
7 la
P*
Thurs.
6916
6«16
6 hi
6 ia
6^
6 ia
658
71«
7 is
7ia
6 1 lxe® %
6*16
65s
7
7
69X„
6^8
7
7
F r i.
6916
6 ia
6 ia
6916
6 I3
6 ia
6 I3
6 ia
6\
6%
6 ia
613
65g
65s
718
7 i ie
7
7
7%
7ia
6 5 g ® llXß 6 &8® l i 1R
6 *a
6 ia
6916
6 9ie
7
7
7
7
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
A t l a n t a ..............
C o lu m b u s , G a .
C o lu m b u s , M iss
E u fa u la .............
63s
614
6
6 I4
N e w b e r r y ..........
6k
R a l e i g h ..............
6 ia
S e lm a ................
613
6*16 S h r e v e p o r t . . . .
P l a n t a t i o n s . —The following
L ittle R o c k . . . .
M o n t g o m e r y ..
N a s h v ille ..........
N a t c h e z ..........
6V»
esi
638
51316
R e c e ip t s F r o m t h e
table
indicates the actual movement each week from the plantations,
The figures do not include overland receipts nor Southern
«consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
'finally reaches the market through the outports.
Week
Xndino—
Receipts at the Ports. St’k a t Interior Towns. Rec'pts from P lant’ns.
1890.
1891.
1892.
1890,
1891.
1890.
1891.
1892.
110,201
122,517
182,118
76,795
58,835
67,546
144.901
188,594
151,790
122,491
115,972
117,726
81,541
100,953
155,571
176,522
135,621
116,659
1892.
X a n . 22....... 146,892 178,943 102,638 352,157 456,930 605,907
29....... 169,265 195,103 130,607 315,409 450,421 576,253
»■eb. 5 ....... 140.253 160,818 166.548 307,274 441,363 566,276
“
12....... 99,965 135,735 182,988 284,104 428,119 558,815
“
19....... 83.218 121,254 145,681 259,721 419,837 548,755
"
26....... 86.603 126.896 142,668 240.659 410,667 522,746
The above statement shows: 1.—That the total receipts from
<ttie plantations since September 1,1891, are 6,539,801 bales; in
1890-91 were 6,205,489 bales; in 1889-90 were 5,599,569 bales.
2.—That, although the receipts at the outports the past week
were 142,668 bales, the actual movement from plantations was
•only 116,659 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 117,726 bales and for 1890 they were
>67,546 bales.
O verland M
ovem ent fo r
th e
W
e e k a n d s in c e
S e p t . 1 .—
W e give below a statement showing the overland movement
fo r the week and since September 1. As the returns reach us
b y telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given. This weekly
^publication is of course supplementary to the more extended
monthly statements. The results for the week ending Feb. 26
sand since Sept, 1 in the last two years are as follows:
1 8 9 1 -9 2 .
F eb ru a ry 26.
W eek.
¿Shipped—
V ia Sti L o u is .....................................
V iA C a iro ........................ ..................
V ia H a n n ib a l______
V ia E v a n s v ille .................................
V ih L o u is v ille ..................................
V ia ' C in cin n a ti.................................
Via o t h e r ro u te s , & o .....................
T o t a l g r o s s o v e r la n d .................
¿Deduct sh ipm en ts—
O v e r la n d t o N . Y ., B o s t o n , A c ..
B e tw e e n in t e r io r t o w n s ..............
In la n d , & o., fr o m S o u t h ..............
T o t a l t o h e d e d u c t e d .................
1 2 ,4 4 9
5 .8 4 7
1 ,7 7 6
1 ,8 4 0
4 ,3 1 4
4 ,3 0 8
3 ,6 1 1
S ince
Sept. 1.
* 1 8 9 0 -9 1 .
W eek.
4 8 6 ,2 2 1 1 1 3 ,2 5 2
2 9 2 ,2 8 0
5 ,4 7 3
149*684
868
2 9 ,5 9 1
213
1 4 9 ,6 9 2
4 ,0 2 6
1 0 5 ,8 2 7
3,921
1 3 3 ,6 6 0
1 ,755
Since
Sept. 1.
4 7 2 ,0 5 2
2 4 1 ,3 5 6
8 1 ,7 9 2
2 0 ,9 2 7
1 6 5 ,2 0 1
1 5 1 ,0 9 3
1 2 3 ,5 5 8
3 3 ,8 4 5 1 ,3 4 6 ,6 5 5
2 9 ,5 0 3 1 ,2 5 5 ,9 7 9
1 7 ,7 2 6
903
705
2 8 6 ,9 2 9
4 9 ,1 2 6
6 7 ,1 6 6
1 5 ,0 7 6
1 ,5 8 3
4 ,1 5 0
2 4 6 ,5 5 7
9 2 ,2 3 2
6 8 ,2 2 1
4 03,223
2 0 ,8 0 9
4 0 7 ,0 1 0
9 4 3 ,4 3 4
8 ,6 9 9
t R e v ise d .
8 4 8 ,9 6 9
1 9 ,3 3 4
L e a v in g t o ta l n e t o v e r la n d * .. 14,511
* I n c lu d in g m o v e m e n t b y r a il t o C an ad a .
The foregoing shows that the week’s net overland movement
this year has been 14,511 bales, against 8,699 bales for the same
week in 1891, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 94,465 bales.
I n S ight a n d S p in n ers'
T a k in gs.
1 89 1 -9 2.
W eek.
S ince
Sept. 1.
1 8 9 0 -9 1 .
W eek.
S ince
Sept. 1.
R e c e ip t s a t p o rts to F eb . 2 6 .......... 1 4 2 ,6 6 8 6 ,0 7 2 ,9 8 4 1 2 6 ,8 9 6 5 ,8 0 9 ,3 9 2
N e t p v e r la p d t o F e b , 2 6 ................. 1 4 ,5 1 1
9 4 3 ,4 3 4
8 ,6 9 9
8 4 8 ,9 6 9
S o u t h e r n c o n s u m p tio n to F e b . 2 6 1 7,0 00
3 7 6 ,0 0 0 1 6 ,0 0 0
3 5 1 ,0 0 0
T o t a l m a r k e t e d ........................... 1 7 4 ,1 7 9 7 ,3 9 2 ,4 1 8 1 5 1 ,5 9 5 7 ,0 0 9 ,3 6 1
I n t e r io r s to c k s in e x c e s s ................. * 2 6 ,0 0 9
4 6 6 ,8 1 7 * 9 ,1 7 0
3 9 6 ,0 9 7
C am e in t o s ig h t d u rin g w eeko 1 4 8 ,1 7 0
1 4 2 ,4 2 5
T b ta l in s ig h t F e b . 2 6 ...............
7 ,8 5 9 ,2 3 5
7 ,4 0 5 ,4 5 8
fiio rth ’ n s p in n e rs t a k ’g s to F e b .2 6
* Deoreaee d u rin g week,
1 ,6 2 3 ,8 7 0
1.582.19,1
873
It will be seen by the above that there has come into sight
during the week 148,170 bales, against 142,425 bales for the
same week of 1891, and that the increase in amount in sight
to-night as compared with last year is 458,777 bales.
W eather R eports by T elegraph .—Reports to us this
evening by telegraph indicate that rain has fallen in almost
all sections of the South, but that at only a few points has
the precipitation been heavy. Farm work is progressing well
in a number of localities.
Galveston, Texas.—W e have had good rain on three days o f
the past week, to the extent o f one inch and fifteen hun?
dredths. The thermometer has ranged from 43 to 71, averag
ing 62.
Palestine, Texas.—There has been heavy but welcome
rain on three days of the week, the rainfall being three
inches and fourteen hundredths. Average thermometer 59,
highest 74 and lowest 44.
Huntsville, Texas.—W e have had fine rain on two days o f
the week, to the extent of ninety-two hundredths of an inch.
The thermometer has averaged 62, the highest being 75 and
the lowest 50.
Dallas, Texas.—It has been showery on one day o f the
week, the precipitation reaching five hundredths o f an inch.
The thermometor has averaged 52, ranging from 33 to 71.
San Antonio, Texas.—W e have had showers on three days
of the week, the precipitation reaching thirty hundredths o f
an inch. The thermometer has ranged from 50 to 82, averag
ing 6 6 .
Luling, Texas.—It has been showery on two days of the
week, the rainfall being nine hundredths of an inch. Average
thermometer 62, highest 76 and lowest 47.
Columbia, Texas.—There has been good rain on one day o f
the week, the precipitation being sixty-four hundredths of an
inch. The thermometer has averaged 59, the highest being
78 and the lowest 40.
Cuero, Texas.—Although there have been showers on three
days of the week, the precipitation reaching sixteen hundredths
of an inch, more rain is desirable. The thermometer has
averaged 62, ranging from 45 to 78.
Brenham, Texas.—W e have had heavy but very beneficial
rain on one day during the week, the precipitation reaching
one inch and twenty-eight hundredths. There has also been
a hail-storm, but no harm done. The thermometer has ranged
from 52 to 78, averaging 65.
Belton, Texas.—It has rained on one day during the week to
the extent of seventy-five hundredths o f an inch. Average
thermometer 60, highest 75 and lowest 44.
Weatherford, Texas.—There has been one shower during
the week, the precipitation reaching twenty-five hundredths
of an inch. The thermometer has averaged 56, the highest
being 73 and the lowest 38.
New Orleans, Louisiana.—The week’s rainfall has been one
inch and fifty-five hundredths. The thermometer has aver
aged 59.
Shreveport, Louisiana.—There has been rain on three days
of the past week, the rainfall being one inch and ninety-four
hundredths. The thermometer has ranged from 42 to 73,
averaging 59.
Columbus, Mississippi.—W e have had rain on two days dur
ing the wee1', the precipitation reaching one inch and thirtysix Hundredths. Average thermometer 59, highest 80 and
lowest 38.
Leland, Mississippi. —-There has been rain on three days o f
the week, the precipitation reaching one inch and sixty-six
hundredths. The thermometer has averaged 60, the highest
being 75 and the lowest 45.
Meridian, Mississippi—The weather has been pleasant dur
ing the week and favdrable for ploughing. Much land usually
planted in cotton has been put in grain. Very little fertilizer
is befog used.
Helena Arkansas.—W e have had light rain on two days
during the week, to the extent of twenty-four hundredths of
an inch. The thermometer has ranged from 50 to 6 8 , aver
aging 55.
Little Rock, Arkansas.—It has rained on five days of the
past week, the rainfall reaching one inch and seventy-nine
hundredths. Farmers are progressing very well with their
work. Average thermometer 56, highest 69, lowest 42.
Memphis, Tennessee.—W e had rain on two days early in
the week, but the weather is now clear. The rainfall reached
one inch and thirty-nine hundredths. The thermometer has
averaged 55-6, the highest being 70-6 and the lowest 43.
Nashville, Tennessee,—It has rained on two days of the
week, the precipitation reaching seventy-five hundredths o f
an inch. The thermometer has averaged 52, ranging from 38
to 6 6 .
Mobile, Aloebama.—Rainfall for the week one inch and
sixtv-eight hundredths on two days. The thermometer has
ranged from 48 to 70, averaging 60,
Montgomery, Alabama.—We have had no rain all the week.
Average thermometer 56, highest 70 and lowest 42.
Selma, Alabama.—There has been rain during the week to
the extent of five inches, rz. three days. The thermometer
has averaged 59, theh
being 74 and the lowest 45.
Auburn Alabama.- Plants are budding rapidly and prep
arations for crops are under way. The week’s rainfall has
been one inch and for
hundredths. Average thermometer
50*7, highest 44, lowei tsy.
Madison, Florida.—We have had rain on one day Of thefe
week, the rainfall reaching fifteen hundredths of an inch, Tho*
thermometer has ranged from 40 to 74, averaging 62* ^
74
THE
(■HRONLCLE.
1 1 Columbus, Georgia.—It has rained on one day of the week,
to the extent of one inch and forty hundredths. Average ther
mometer 58, highest 65 and lowest 48.
Savannah, Georgia.—Rain has fallen lightly on three days
o f the week, the precipitation being seven hundredths of an
inch. The thermometer has averaged 57, the highest being 70
and the lowest 42.
Augusta, Georgia.—It has rained lightly on two days of the
week, the rainfall being seventy-two hundredths of an inch.
The thermometer has averaged 55, ranging from 41 to 6 6 .
Charleston, South Carolina.—Telegram not received.
Stateburg, South Carolina.—Farm work is progressing. Rain
has fallen on three days of the week to the extent of two
inches and eight hundredths. Average thermometer 51,
highest 63 and lowest 29
Wilson, North Carolina.—There has been rain on five days
of the week, the precipitation reaching one inch and thirtythree hundredths. The thermometer has averaged 46, the
highest being 6 8 and the lowest 34.
£^U?he following statement we have also received by telegraph
■bowing the height of the rivers at the points named at 3
o’clock February 25, 1892, and February 26, 1891.
Feb. 2$, ’92.
Feb. 26 ’ 91
F eet.
10-8
236
13-7
1 0 -1
311
Ft et.
14-9
330
28-6
22-3
42-8
M ew O r le a n s ... ..........A b o v e lo w -w a t e r m a r k .
M e m p h is ............
N a s h v i ll e .......... ..........A b o v e lo w -w a t e r m a r k .
S h r e v e p o r t ........
V ic k s b u r g ..........
I ndia. Cotton Movement prom all F orts.—The receipt8
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Feb. 25.
[VOL. LIY.
Manchester Market .—Our report received by cable to-night:
from Manchester states that the market is quiet for both;
yarns and shirtings. The demand for both home trade and
foreign markets is poor. We give the prices for to-day below
and leave those for previous weeks of this and last year for
comparison:
1892.
3 2 s Cop.
Tw ist.
J n . 22
“ 29
F eb. 5
“ 12
“ 19
“ 26
d.
d.
6 % ®7*a
6 H ig ® 7 * e
6S>16 0788
6 % »7 * 4
®7*4
6916»7*16
1891.
Oott’n
M id . 3 2 s Cop.
Tw ist.
JJplds
8*4 lbs.
S h irtin g s.
8.
5
5
5
5
5
5
d.
s. d.
6 ® 6 10
6 ®6 10*s
5 « 6 10
3 ® 6 8*3
2 ®6 7*2
1*206 7
d.
4*8
41 j 6
3 « : 16
S
I3*6
3%
3 l l 16
Ooit'nM id .
TJpldt
8*4 lbs.
S h irtin g s.
d.
d.
8 31 6 » 8 716
83i 6 » 8 716
8
08*4
7 7s ® 8 * «
7 78 08*8
7 78 »8 * 8
s.
6
6
6
6
6
6
d.
s.
4 ®7
4 ®7
3 ®7
l* s® 7
1 * «® 7
1*207
d.
3
3
3
2
2
2
fir
* 1S1S
4 7S
4 7s
T he JttiXPORTS op Cotton from New Y ork this week show a *
increase compared with last week, the total reaching 18,70$
bales, against 16,485 bales last week. Below we give our
usual table, showing the exports of cotton from New York y
and the direction, for each of the last four weeks; also the
total exports and direction since Sept. 1, 1891, and in the last
iolumn the total for the same period of the previous year.
EXPORTS OF COTTON (BALES) FROM NEW YORK SINCE SEPT. 1 , 1 89 1
W eek E n d in g —
e x p o r t e d to—
L iv e r p o o l .....................
1ther B ritish p o r t s ..
T o t . t o G t . B r it ’ n .
S am e
p e r io d '
p rev iou s*
yea r.
Feb.
26.
Total
sin ce
Sept. 1.
9 ,5 2 9
1 ,1 9 2
2 4 7 .4 3 8
4 7 ,2 4 8
2 5 3 .5 8 0 '
3 7 ,5 6 5
7 ,2 2 0 1 4,8 14 1 1,8 41 1 0,7 21
2 9 4 686
2 9 1 ,1 4 5
F eb .
5.
Feb.
12.
I Feb.
19.
6 ,8 2 0 1 4,0 64 1 1 ,2 0 3
400
7 50
638
BOMBAT RECEIPTS AND SHIPMENTS FOR FOUR TEARS.
Shipm ents sin ce Sept. 1.
S hipm ents th is w eek.
1
G rea t
C onti
T ea r G reat C on ti
T otal.
B riV n . n en t. Total. B r ita in n en t.
*91-2
»90-1
»9-90
»88-9
3 ,0 0 0 1 1,0 0 0
3 1 ,0 0 0
i , ö ö b 44^000
9 ,0 0 0 2 4 ,0 0 0
1 4 .0 0 0 1 3 .0 0 0
3 1 .0 0 0 2 7 .0 0 0
4 5 .0 0 0 7 9 .0 0 0
3 3 .0 0 0 1 2 » ,000
1 2 7 .0 0 0
2 2 6 .0 0 0
3 3 3 .0 0 0
2 8 8 .0 0 0
R eceipts.
This
W eek.
1 4 0 .0 0 0
2 5 3 .0 0 0
4 1 2 .0 0 0
4 1 1 .0 0 0
5 5 .0 0 0
8 4 .0 0 0
8 0 ,0 0 0
8 i ,000
Since
Sept. 1.
4 5 5 .0 0 0
7 6 6 .0 0 0
8 8 0 ,0 0 0
7 8 2 ,0 0 #
According to the foregoing Bombay appears to show
a decrease compared with last year in the week’s receipts of
29,000 bales and a decrease in the shipments of 17,000 bales, and
the shipments since Sept. 1 show a decrease of 118,000 bales.
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the 1st of September, for two
years, has been as follows. “ Other ports1’ cover Ceylon,
Tuticorin, Kurrachee and Coconada._________ ______ ________
S hipm ents sin ce Sept. 1.
S hipm ents fo r the w eek.
Great
B rita in .
C a lcu tta —
1 8 9 1 -9 2 ...
1 8 9 0 -9 1 ...
M a d ra s—
1 8 9 1 -9 2 ...
1 8 9 0 -9 1 ...
A ll o th e rs —
1 8 9 1 -9 2 ...
1 8 9 0 -9 1 ...
1,0 0 0
T o t a l a ll—
1 8 9 1 -9 2 ...
1 8 9 0 -9 1 ...
1,0 0 0
G reat
B rita in .
C on tin en t.
4 .0 0 0
5 .0 0 0
1 5 .0 0 0
2 4 .0 0 0
1 9 .0 0 0
2 9.0 00
1,0 0 0
1 6 ,0 0 0
1 6 ,0 0 0
10 ,0 0 0
1 3 ,0 0 0
2 6 ,0 0 0
2 9 ,0 0 0
1,0 0 0
2,000
1,0 0 0
2,000
20,000
1 9 ,0 0 0
3 4 ,0 0 0
3 4 ,0 0 0
5 4 ,0 0 0
5 3 ,0 0 0
1,0 0 0
3 ,0 0 0
2,000
3 ,0 0 0
4 0 ,0 0 0
4 0 ,0 0 0
5 9 ,0 0 0
7 1 ,0 0 0
9 9 ,0 0 0
1 1 1 ,0 0 0
C onti
n en t.
Total.
1,0 0 0
i ,ò o 'ó
Total.
The above totals for the week show that the movement from
the ports other than Bombay is 1,000 bales less than the same
week last year. For the whole o f India, therefore, the total
shipments since September 1,1891, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL IN D IA.
1 8 9 0 -9 1 .
1 8 9 1 -9 2
S hip m ents
to a ll E u r o p e
fro m —
T h is
w eek .
B o m b a y ............
A ll o t h e r p o rts.
1 4 ,0 0 0
2,0 0 0
T o t a l ...........
1 6 ,0 0 0
1 8 8 9 -9 0
T h is
w eek .
S in ce
Sept. 1.
This
w eek .
S ince
Sept. 1.
1 4 0 ,0 0 0
9 9 ,0 0 0
3 1 ,0 0 0
3 ,0 0 0
2 5 3 .0 0 0
1 1 1 .0 0 0
4 5 ,0 0 0
9 ,0 0 0
4 1 2 .0 0 0
1 3 2 .0 0 0
2 3 9 ,0 0 0
3 4 ,0 0 0
3 6 4 ,0 0 0
5 4 ,0 0 0
5 4 4 ,0 0 0
Since
Sept. 1.
T a v re .............................
Ither F re n ch p o r t s ..
460
..........
T o t a l F r e n c h ___
460
O ther p o r t s ------- -------
454
..........
649
T o t . t o N o .E u r o p e
1 ,1 0 3
■Spain, I t a ly , & o ........
4*7
1 00
547
250
I r e m e n ...............
636
..........
1 ,565
.........
455
6 36
1 ,5 6 5
2 0 ,0 8 6
2 6 ,4 2 1 .
1 ,3 1 8
1 ,3 4 6
748
847
1 ,5 0 0
750
250
5 ,1 9 5
874
2 3 ,2 6 8
4* ,2 9 7
4 3 ,2 5 6
2 1,4 73 3 7 .8 2 X
4 3 ,6 1 3
3 ,4 4 2
3 ,0 9 7
6 ,3 1 9
1 0 7 ,8 2 1
1 0 3 ,1 7 7
250
860
51
98
2 1,8 91
9 04
2 6 ,2 1 1
20T
911
98
2 2 ,7 9 5
26,418-
9 ,3 3 0 1 8 .9 6 1 1 6 ,4 8 5 1 8 ,7 0 3
4 4 5 ,3 8 8
4 4 7 ,1 6 k
T o t a l S p a i n , & o ..
Grand T o tal—
455
..........
2 0 ,0 8 6
26,2192 02 ;
East I ndia Crop .—The following is from Messrs. Gaddum, Bythell & Co.’s report, dated Bombay, January 23 :
T h e w e a th e r ch a n g e d d u rin g th e w e e k , a n d ra in seem ed im m in e n t In
som e p a rts o f th e O om ra d istricts ; b u t th e clo u d s p a ssed off, an d norain fe ll. A s m o s t o f th e seed c o t t o n is pieteed, ra in w o u ld n o i d o m u ch
harm n o w . B h o w n u g g e r a n d D h o lle ra p ro s p e cts a re flu ctu a tin g
a cco r d in g t o th e w e a th e r, w h ic h th is w e e k w a s v e r y fa v o r a b le . P ick
in g has co m m e n ce d , a n d som e sa m p le s w ill s o o n b e o b ta in a b 'e . B ro a ch ,
cr o p is d o in g w e ll, a n d w ith a c o n tin u a n ce o f fa v o r a b le w e a th e r fo r a
fe w w eek s lo n g e r w e s h o u ld g e t a c r o p o l v e r y g o o d q u a lity .
E ast India Exports of Y arns to China and J apan .—
The Bombay Prices Current of January 23 gave the follow
ing statement of exports o f yarns from Bombay to China and
Japan during the calendar years 1877 to 1891, inclusive:
Japan.
T otal4 0 0 lb .
4 0 0 lb.
B a les.
B a le s 142
2 8 ,6 5 8
1 8 7 7 .......
1 ,7 4 5
4 7 ,6 7 8
.......... 4 5 ,9 3 3
1 8 7 8 .......
4
,3
4
2
5 0,072:
..........
4
%
5
;
0
1 8 7 9 .. ..
6 7 ,7 2 1
4 ,5 2 7
.......... 6 8 , 9 4
1 8 * 0 .....
6 9 ,1 6 1
7
,3
7
8
..........
6
1
,7
8
3
) 8 8 1 .......
9 ,8 5 4
9 1 ,2 8 8 '
1 8 8 2 .......
1
7
,4
2
1
112
,40 3 .
.
..........
9
4
,9
8
2
1 8 8 3 .......
1 3 ,8 4 6
1 4 1 ,1 6 4
..........1 2 7 ,3 1 8
1 8 8 4 .......
1
9
,0
2
0
173,537"
..........
1
54
,51
7
1 8 8 5 .......
2 0 .5 4 3
2 1 9 ,9 5 0
........... 1 9 9 ,4 0 7
1 8 8 6 .......
3 9 ,7 3 0
244,889"
............2 0 5 ,1 5 8
1 8 8 7 .......
5 2 ,6 9 7
2 3 6 /7 6 8
......... 2 3 4 ,0 7 1
1 8 8 8 .......
6 2 ,? 2 0
316.917"
1 8 8 9 .......
3 7 .7 2 2
3 6 2 ,7 8 2 .
.......... 3 2 5 ,0 6 0
1 8 9 0 .......
376.977.
1 0 ,9 3 9
..........3 6 5 ,0 3 8
1 8 9 1 ____
F ro m th e a b o v e i t a p p e a r s th a t a lth o u g h t h e sh ip m en ts t o J a p a n
d u rin g th e y e a r j u s t c lo s e d w e r e le ss th a n a th ird o f th e q u a n tity se n t
th ere in 1 8 § 0 , a n d sm a lle r th a n in a n y y e a r sin ce 1 8 8 2 , twe t o ta l s h ip
m en ts to b o th c o u n trie s s h o w a n in cr e a s e o f s o m e 1 3 ,0 0 0 h ales, havingb een h e a v ie r th a n in a n y p r e v io u s y e a r : th e sh ip m en ts t o C hina a lo n e
fa st y e a r, as a g a in s t th o se fo r 18S 0 , h a v in g b e e n 4 0 ,0 0 0 b a le s g r e a t e r
a n d 1 1 0 ,0 0 0 b a le s m o re th a n in 1 8 8 9 .
C hina.
4 0 0 lb.
B a les.
A lexandria R eceipts and Shipments.—Through arrange
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
Exports of Cotton G oods from Great B ritain .—Below
the movements of cotton at Alexandria, Egypt. The following we give the exports o f cotton yarn, goods, &c., from Great
■re the receipts and shipments for the past week and for the Britain for the month o f January and since October 1 in 1891corresponding week of the previous two years.
92 and 1890-91, as compiled by us from the British Board o f
Trade returns. It will be noticed that we have reduced the
A le x a n d r ia , E g y p t,
movement all to pounds.
1 89 0 -9 1.
1 8 9 1 -9 2.
1 88 9 -9 0
F eb ru a ry 24.
R e c e ip ts (e a n t a r s * )....
T h is w e e k . . . .
s in c e S ep t. 1 .
emmm
8 5 ,0 0 0
8 ,6 3 5 ,0 0 0
5 5 ,0 0 0
2 ,9 5 8 ,0 0 0
S in ce
T h is
w eek. Sept. 1.
S in c e
This
w eek. Sept. 1.
T h is
Since
w eek . Sept. 1.
X x p o r t s (b a le s )—
T o L i v e r p o o l ..............•1 0 ,0 0 0 2 6 3 .0 0 0
T o C o n tin e n t.............. 3 ,0 0 0 1 3 4 .0 0 0
9 .0 0 0 2 3 8 .0 0 0
4 .0 0 0 1 4 0 .0 0 0
3 .0 0 0 2 1 9 .0 0 0
2 .0 0 0 1 14 .00 0
1 3,0 00 3 7 8 .0 0 0
5 ,0 0 0 3 3 3 ,0 0 0
1 0 0 ,0 0 0
4 ,2 1 4 ,0 0 0
T o t a l E u r o p e .......... 1 3 ,0 0 0 3 9 7 ,0 0 0
* A. c a n t a r te 9 » p o u n d s .
1891-2. 1890-1.
Lbs.
Lbs.
1801-2.
Yds.
440,816
399,406
420,912
1890-1. 1891-2. 1890-1.
Yds.
Lbs.
Lbs.
1891-2.
Lbs.
84,772 85,291
76,826 74,985
80,944 86,413
108.050
97,938
1890-1.
Lbs.
D ecem ber...
23,278 24,565
21,112 23,042
20,150 22,648
101,094
109,85697,977
109,061
T o t .ls t quar.
64,540
70,255 1.261,324 1,299,790 242,542 246,630
307.C82
316,894
J a n a a r y .......
20,991
20,042 403,774
412,552 77,203 78,722
08,194
98,764
645
7,965
656
8,08»
413,886
424,402.
October.......
N o v e m b e r ...
This statement shows that the receipts for the week ending
F, b* 24 were 100,000 eantars and thp shipments to all Europe
33,0j00 bales.
lo ta l o f AU.
Cloth.
Tarn&Ttiread.
Sues omtttta
449,484
394.910
455.396
T o ta l exD orts o f o o t t o n m a n u fa c tu r e s ............ . .....................
TH E
F ebruary 27 , 18fr2.]
CHRONICLE.
375
The foregoing shows that there has been exported from the G a l v e s t o n —T o L iv e r p o o l—P eb . 1 9 —S tea m er A v o n a , 7 ,5 2 7 ... .F e b . 2 4 S tea m er A m e th y st. 3 0 3 5 — F e b . 2 5 —S tea m er D u oh ess, 4 , 5 2 4 . . . .
United Kingdom during the four months 413,866,000 lbs. o f
F e b . 2 6 —S tea m er S o m erh ill, 5 ,1 5 8 .
manufactured cotton, against 424,402,000 lbs. last year, or a New Orleans—To Liverpool—Feb. 23—Steamer Conns llor, 3 ,7 50 ....
T
o
G r im s b y —F e b . 2 0 —S tea m er G o rd o n C astle. 4 ,3 1 7 .
decrease of 10,516,000 lbs.
T o H a v r e - F e b . 2 0 - S tea m er L a u g h to n , 5 ,8 0 9 . . F t b . 2 3 —S team er
A further matter of interest is the destination of these
In o h isla , 6 ,0 7 6 ........F eb . 2 5 - S tea m er P o ra n a g u a , 4 ,2 9 4 .
exports, and we have therefore prepared the following
F e b . 2 5 —S tea m er E m ilia n o , 4 ,3 5 0 ,
T o B re m e n —F eb. 2 0 —S team ers A ld e rle y , 5 ,3 0 0 ; N orth ern , 4 ,0 0 0 .
statements, showing the amounts taken by the principal
T o V e ra C ruz—F e b . 1 9 —S tea m er X a b a sq u en a, 2 0 .
countries during January and since October 1 in each of the Savannah—To Norrkoping-Ftb. 23—Bark Catharine, 3,140.
last three years:
T o H a n g o —F e b . 2 4 —B a r k T h em is, 1,800.
Ch a r l e s t o n — T o N o r r k o p in g —F eb . 2 4 —B a rk N a ja d en , 1 ,3 3 0 .
EXPORTS
OP
PIECE!
GOODS
AND
T A R N S T O P R IN C IP A L C O U N T R IE S
IN
January.
Piece Goods.
(0008 omitted.)
East Indies ................... .......
Turkey, Egypt and A frica...
China and Japan.....................
Europe (except Turkey)........
South A m erica............. ....
> North A m e r ic a ......................
A ll other cou ntries................
Oct. 1 to Jan. 81.
1862.
1891.
1890.
1891-2.
1890-1.
166,503
55,764
57,947
84.850
40,890
2O.8Ö0
20,924
175.825
52,296
60.385
29,858
40,59S
28,481
25,109
191,521
40.507
48.654
82,846
37,897
82,581
20,709
735.539
254,016
208,530
115,123
157,198
106.783
87,809
744.04" r
23«,654
220,422
107,845
187,02*
112,958
103,394
1889-90.
724.820
226,37«
189,22«
116,150
175,697
120,595
107,895
Total yards........................ 403.774 412,552 413.715 1,664.998 1,712.341 1,660.756
T otal va lu e ........................ £4,323 £4,5u7 £4,359 £17,405 £18,452 £17,201
Tarns.
(000s omitted.)
H ollan d.....................................
Germ any. .. ...........................
Oth. Europe (except Turkeyj
East Ind ies...............................
China and Japan................ .
Turkey and E gypt..................
A ll other countries.................
2,691
2.179
5,245
3,5 4
2,412
2,607
872
Total lb s....................... .
Total va lu e........................
19,600
£863
3,563
3,198
4,477
4,247
8,873
1,904
870
11,296
8,868
19,196
17,682
7.370
11.191
3,906
11,099
11,050
18.955
18,057
10,264
11,176
4,065
12,839
12,218
19,031
15,'82
13,044
8.493
8,608
18,828 22.1*2
£894 £1,058
79.409
£3,533
84,666
£4,082
85.015
£4,069
2.457
2,568
4.179
3,576
2,817
2,234
992
J u t e B u t t s , B a g g i n g , & c .— T h e d e m a n d f o r j u t e b a g
h a s b e e n s tr ic t ly m o d e r a te
J u te
h e ld .
b u tts
a re
in lig h t
Q u o ta tio n s
a re
d u r in g
th e
s u p p ly a n d
2c. fo r p a p e r
w eek
under
re v ie w .
a r e c o n s e q u e n t l y fi
grades a n d
2% @ 3c
b a g g i n g q u a lit y .
S h ip p
ng
New
s.—
T h e e x p o rts o f co tto n fr o m
t h e U n ite d
sp a tes t h e p a s t w e e k , a s p e r l a t e s t m a i l r e t u r n s , h a v e r e a c h e d
1 6 8 ,6 2 6 b a l e s . S o f a r a s t h e S o u t h e r n p o r t s a r e c o n c e r n e d , t h e s e
a r e t h e s a m e e x p o r t s r e p o r t e d b y t e l e g r a p h a n d p u b l i s h e d in
t h e C h r o n ic l e la s t F r id a y .
W ith re g a rd to N e w Y o r k w e
in c lu d e t h e m a n ife s t s o f a l l v e s s e ls c le a r e d u p t o T h u r s d a y ,
T ota l b a it»’
H e w Y o r k —T o L iv e r p o o l, p e r ste a m e rs H a lle y , 1 , 0 0 6 . . . . Ita ly ,
2 ,3 3 8 — St. R o n a n s , 4 ,5 0 2 ___ S ervia , 1 ,6 8 3 .............. .................
9 ,5 2 9
T o H ull, p e r stea m er M a rtello, 6 9 2 . ...................................... ..
692
500
T o L o n d o n , p e r stea m er A le x a n d e r E ld er, 5 0 0 .........................
T o H a v re , p e r stea m er L a G a s co g n e , 1 ,5 6 5 ....................... .........
1,5 6 5
T o B rem en , p e r stea m er S pree, 2 5 0 .................................. ............
250
T o H a m b u rg, p e r steam ers M orav ia, 1 ,6 5 0 . ...S c a n d la , 2 ,0 9 5
___ S u evia , 1 .4 5 0 .................................... .......................................... 5 ,1 9 5
T o A n tw e rp , p e r stea m ers A p o llo , 1 0 9 ___ W a esla n d , 7 6 5 . . .
8 74
T o Y o k o h a m a , p e r stea m er R otb erfleld , 9 8 ..................................
98
N e w O r l e a n s —T o L iv e r p o o l, p e r s t e a m e is E le c tr ic ia n , 6 ,3 5 0
.. ..I n v e n t o r , 5 ,5 0 0 ___ L o a n g o , 5 , 2 1 5 . . . . M e x ica n , 7 ,0 0 0
----- N lceto, 5 ,2 5 0 — T e x a n , 4 ,9 5 0 ___ Y u ca ta n , 5 ,9 0 0 ........... 4 0 ,1 6 5
T o H a v r e , p e r stea m ers B en d l, 9 ,6 4 5 ___ C ity o f L in co ln ,
6 .4 0 0 ..
. . D u p u y d o L om e, 5 ,2 1 5 _T eu ton ia , 6 , 0 0 0 . . . .
p er sh ip R iv ersid e, 3 ,9 6 0 ................................................................ 3 1 ,2 2 0
T o B rem en, p e r steam ers D o n a u , 2 ,3 0 0 ....P e li o a n , 3 ,1 7 2 . ..
5 ,4 7 2
T o H a m b u rg , i>er stea m ers A u stra lia , 1 ,6 0 0 ___ B eech d e n e ,
7 0 0 ----- San A lb a n o , 2 ,0 0 0 ___ S an ta n d erln o, 1 ,5 0 0 ................
5 ,8 0 0
T o A n tw e rp , p e r steam era D u p u y d u L o m e , 2 0 0 . . . . K h a lif,
1 . 0 0 0 . . . . . ...........................................................................................
1 ,2 0 0
4,283
G a l v e s t o n —T o L iv e r p o o l, p e r stea m er F a n lin a , 4 ,2 8 3 .................
T o H a v re , p e r stea m er C ountess, 5 ,5 2 5 .......................................
5 ,525
7 ,6 5 7
T o B rem en , p e r steam ers M arch ion ess, 3 ,2 8 3 ___ Zeta, 4 ,3 7 4 .
S a v a n n a h —T o L iv e r p o o l, p e r stea m er L a rn a ea , 3 ,7 9 1 .................
3 ,7 9 1
T o H a v re , p e r stea m er A m a ry llis , 4 ,5 9 6 .......................................
4 ,5 9 6
C h a r l e s t o n —T o B rem en , p e r stea m er A u ro ra , 2 ,9 7 5 .................. 2 ,9 7 5
T o G otten b u rg , p e r b a r k W alle, 1 .8 4 0 ...........................................
1 ,8 4 0
T o U d d ev a lle, p e r b a rk Id u n , 1 . 3 8 0 ...............................................
1 ,3 8 0
T o B a rcelon a , p e r b ark s E n ca rn a e io n , 1 ,8 0 0 ....J o s e f i n a ,
_
1 .8 2 8 .........................................................................................................
3 ,6 2 8
W il m in g t o n —To L iv e r p o o l, p e r stea m er P en oa len ick , 5 , 7 1 5 . . . .
5 ,7 1 5
B o st o n —T o L iv e r p o o l, p e r stea m ers C ephalon ta, 1 ,2 1 7 . . . C o
lu m b ia n , 4 ,2 9 1 ....M ic h ig a n , 2 , 7 4 4 . . . . P a lestin e, 2 , 1 9 9 . . . .
P a v o n ia , 2 ,7 1 3 ....R o m a n , 2 ,5 4 7 ___ V en etia n , 3 ,4 2 0 .......... 1 9 ,1 3 1
T o R o tte rd a m , p e r stea m er K ilm ore, 1 4 1 .....................................
141
B a l t im o r e —T o L iv e r p o o l, p e r stea m ers P o ly n e s ia , 1 , 9 2 6 . . . .
S ed g em ore, 1 ,1 0 5 ..............................................
3 ,0 3 1
T o B rem en , p e r stea m er H oh en zollern , 7 0 7 ........... . ! ! . ! ! ! . . ! !
707
T o R otterd a m , p e r stea m ers C h ioago, 4 0 2 ___ O h io, 2 0 Ö " " . !
602
P h il a d e l p h i a —T o L iv e r p o o l, p e r stea m er L o r d G ou g h , 1 ,0 6 4 ..
1 ,0 6 4
T o t a l ______ ______________________ ______. . . . . . . . . . . . . . . . . ............ 1 6 8 ,6 2 6
The particulars of these shipments, arranged in our usual
form , are as follows:
L iv e rp ool.
9 ,5 2 9
4 0 ,1 6 5
4 ,2 8 3
3 ,7 9 1
N ew Y o r k .
N . O rlea n s.
G a lv e s t o n .
Savannah.
C h arleston,
W llm ln g t’ n
5 ,7 1 5
B o s to n . . . . 1 9 ,1 3 1
B a lt im o r e .
3 ,0 3 1
P h lla d e lp 'a ________
1 ,0 6 4
GottenH u ll <&
B rem en R otter- b u rg dt B a rce
Lon<&Ham,- d a m <t TJdde- lo n a <&
d on . H a vre, b u rg. A n tw e rp , valle. Genoa. Total.
1 ,1 9 2 1,5 6 5 5 .4 1 5
8 7 4 ........................
.......... 1 8,7 03
3 1 ,2 2 0 1 1 ,2 7 2 1 ,2 0 0 . . . . . . .......... 8 3 ,8 5 7
5 ,5 2 5 7 ,6 5 7 .......... .........................
......... 1 7 ,4 6 5
4 ,5 9 6 ......................................................
8 ,3 8 7
9 ,8 2 3
.......... 2 ,9 7 5 ......... 3 ,2 2 0 3 ,6 2 8
■■
5 .7 1 5
1 41 ......................... 1 9 ,2 7 2
707
6 0 2 .........................
4 ,3 4 0
_
1 ,0 6 4
T o ta l . . . . 8 6 .7 0 9 1 ,1 9 2 4 2 .9 0 6 2 8 .0 5 6 2 ,8 1 7 3 ,2 2 0
T h e N e w Y o r k t o ta l in clu d es 93 hales t o Y on a h a m a .
3 ,6 2 8 1 6 8 ,6 2 6
Below we add the clearances this week o f vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
N
orfolk
—To
L iv e r p o o l—F e b . 2 5 - S t e a m e r s St. R e g u lu s, 608 .
B o s t o n — T o L iv e r p o o l—F e b . 1 5 —S tea m er S am aria, 6 5 9 .. .F e b . 1 6 -
J A N U A R Y , AND FRO M O CTOBER 1 TO JA N U A R Y 3 1 .
S tea m er P h ila d e lp h ia n , 2 ,2 2 6 .. .F e b . 1 9 —S tea m er C ata lon ia, 1 ,6 0 0
T o H a m b u r g —F e b . 1 7 —S tea m er E d e n m o re , 1 ,3 8 7.
T o Y a r m o u t h - F e b . 19 - S tea m er Y a rm o u th , 3 0 0 .
Baltimore—T o L o n d o n —F e b . 20—S tea m er M in n esota , 500.
T o A n t w e r p - F e b . 1 2 —S tea m er R ia lto , 4 5 0 .
T o R o t t e r d a m - F e b .1 5 —S te a m e r C am iola, 200 .
P h i l a d e l p h i a — T o L iv e r p o o l—F e b . 2 3 — S tea m er O h io, 5 0 0 .
Below we give all news received to dat9 of disasters to
vessels carrying cotton from United States ports, &c.
Sa n A l b a n o , ste a m e r (S pa n .), fr o m N ew O rleans to H a m b u rg, is a sh o re
a t H o g I s la n d a n d fu ll o f w a te r. She w a s b o u n d t o N o rfo lk f o r
b u n k e r co a l. T u g s N o rth A m e r ic a a n d T a m es! h a v e g o n e fr o m
P h ila d e lp h ia t o h e r a ssista n ce .
E i d e r , stea m er (G e r.), stran ded o n A th e rfle ld L e d g e , o ff th e s o u th w e st
co a s t o f th e isle o f W ig h t. T h e re is e v id e n tly o n e o r m o re la rg e
h o le s in th e a fte r p a rt o f th e h u ll, fo r th e sea w a sh es in a n d o u t o f
th e h o ld . T h e a fte r p a rt o f th e ste a m e r is a lso tw iste d a n d h a s a
lis t t o p o r t. T h e fo r w a r d p a rt is f a ir ly sou n d .
Cotton freights the past week have been as follows:
S a tu r.
L iv e rp o o l, steam d.
Do
b id ...< f.
H a v re , s t e a m ...d.
Do
........d .
B rem en , s t e a m ., d.
D o indirect..et.
H a m b u rg,stea m .d.
...........d.
Do
A m s t’ d’ m , steam , d.
I n d i r e c t ............d.
R e v a l, ste a m ___ d.
................. d.
Do
B a rce lo n a ,s te a m d.
G e n o a , s t e a m ...d.
T rieste, s t e a m ...d.
A n tw e rp , ate a m . d .
M on .
W ed nes. T h urs.
Tues.
964
9« i
964
®32
B32
B32®316 632®316 B32®816
B32®316
....
732
....
782
W
....
316®732
....
F r i.
532
....
....
732
732
....
....
732
7S2
. ...
1
P
....
....
....
7S2
1364
7S2
7S2
«6 4
7S2
....
....
40*
816®732 316®732 4 0 ® 50*
....
....
....
732®932 739®932 15e t ® 932 1564®9. t
....
. . ..
....
....
j4 ® 933
*4®932 *4®932 *4®932
732® 1564 73S®1B64
732
7S2
1764
1764 1561-1764 1b6 * -1764
*3®961 *6®964
«64
964
»
*<1
732®932
*4®932
73S,®1564
1764
»64
L iverpool .—By cable from Liverpool we have the following
statement o f the week’s sales, stocks, &c., at that port:
F eb. 5.
F eb . 12.
F eb . 1 9 .
Sales o f t h e w e e k ............. bales.
5 7 .0 0 0
5 6 .0 0 0
4 4 .0 0 0
6 5 .0 0 0
O f w h ic h e x p o r te r s t o o k . . . .
3 ,2 0 0
5 .4 0 0
5 ,2 0 0
4 .0 0 0
O f w h ic h sp e c u la to r s t o o k ..
6 ,1 0 0
4 ,6 0 0
1 4 .0 0 0
6 ,4 0 0
Bales A m e r ic a n ............
5 2 .0 0 0
5 1 .0 0 0
6 1 .0 0 0
3 9 .0 0 0
A ctu a l e x p o r t . . . . ..................... ..
4 ,0 0 0
5 ,0 0 0
5 ,0 0 0
6 .0 0 0
F o r w a r d e d .............................
7 5 .0 0 0
8 0 .0 0 0
7 4 .0 0 0
6 5 .0 0 0
T o ta l s to c k —E s t im a t e d ___ . . . 1 ,6 6 0 ,0 0 0 1 .6 6 9 .0 0 0 1 .6 7 3 .0 0 0 1 .6 9 0 .0 0 0
O f w h ic h A m e r ic a n —E stim ’ d 1 ,4 2 2 ,0 0 0 1 .4 3 3 .0 0 0 1 .4 3 8 .0 0 0 1 .4 4 5 .0 0 0
9 4 .0 0 0
8 4 .0 0 0
T o ta l im p o r t o f t h e w e e k ..........
8 7 .0 0 0
88.000
O f w h ic h A m e r ic a n .................
7 7 .0 0 0
8 1 .0 0 0
7 7 .0 0 0
6 9 ,0 0 0
2 3 5 .0 0 0
2 2 5 .0 0 0
A m o u n t a flo a t.............
2 3 0 .0 0 0
2 2 5 .0 0 0
2 2 5 .0 0 0
O f w h ic h A m e r ic a n .................
2 1 5 .0 0 0
2 2 0 .0 0 0
2 1 5 .0 0 0
The tone o f the Liverpool market for spots and futures each
day o f the week ending Feb. 28, and the daily closing prices
of spot cotton, have been as follows:
Spot.
M a rk et, Ì
1 :4 5 P. M. j
M ld .U p l’d s .
S a le s . . . . . . .
S pec. <feexp.
S a tu rd a y M onday.' T u esd a y. W ednes. Thursday. F r id a y .
Small
Inquiry.
3\
6 ,0 0 0
1 ,0 0 0
F u tu res.
Quiet at
M a rk et, \ partially
1 :4 5 P. M.J .1-84 dec.
and
M a rk e t, { Quiet
steady.
4 P. M. \
•
In buyers’
favor.
3\
8 ,0 0 0
1 ,5 0 0
Quiet at
1-64 de
cline.
Easy.
Quiet.
3\
8 ,0 0 0
2 ,0 0 0
Dull.
3\
8 ,0 0 0
1 ,0 0 0
Quiet at Steady at
2-64 ad
partially
1-64 dec.
vance.
Quiet.
Moderate
demand.
Steady.
Dull.
31I 1»
3 H 14
8 ,0 0 0
1 ,0 0 0
7 .0 0 0
1 .0 0 0
Quiet at *
Barely
2-64 de
steady.
cline.
Quiet and
steady.
Very
steady.
The opening, highest, lowest and closing prices o f futures a t
Liverpool for each day are given below. Prices are on th e
basis of Uplands, Low Middling clause, unless otherwise stated :
_ y The p r ic e s a r e g iv en i n p en ce a n d 6 4 th.
3 § 3 -6 4 d „ a n d 4 0 1 m ea n s 4 l- 6 4 d .
S a t ., F e b . 3 0 .
M o n ., F e b . 2 2 .
T h u s:
3 6 3 m ea n s
T u e « .« F e b . 2 3 «
Open High Low. Oloe. Open High Low. Oloe. Open High Low. Clot
F ebruary...
Feb.-M ch...
Mch.-Aprll.
A pril-M ay..
M ay-June..
June-July...
J u ly-A u g...
August.......
September..
S ept.-O ct...
O ct.-N ov....
d.
3 45
3 45
3 47
3 50
3 53
8 56
3 60
3 63
4 03
4 02
d.
3 48
3 46
3 47
3 50
854
3 67
3 60
3 63
4 02
4 02
• •••
d.
3 45
3 45
3 47
3 50
3 53
3 56
3 60
3 63
4 02
4 02
d.
3 46
3 46
3 47
3 50
3 54
3 67
3 60
3 63
4 02
4 02
d.
3 43
3 43
3 44
3 47
3 50
3 54
3 57
3 60
3 63
3 63
d.
3 43
3 43
3 44
3 47
3 51
3 64
3 57
3 60
3 63
3 63
""
d.
8 43
3 43
3 44
3 47
3 50
3 54
3 57
3 60
3 63
3 63
d.
3 43
3 43
3 44
3 47
3 61
3 54
3 57
3 60
3 63
3 63
d.
3 42
3 42
3 43
3 47
3 50
3 54
3 57
3 60
3 63
3 63
*'
d.
3 43
3 43
3 44
3 48
3 51
3 54
3 57
3 61
4 00
4 00
d.
3 42
3 42
3 43
347
3 50
3 54
3 57
3 60
3 63
3 63
d.
3,43
3 43
3 44
3
3 51
3 54
3 57
3 61
4 00
4 06
•••*
" "
376
TH E
W e d ., F e b . 2 4 .
T h u r s ., F e b . 2 5 .
CH RONICLE
F r i., F e b . 2 6 .
Open High L ow . Clos. Open High Low . Clos. Open High L ow . Clos.
d.
d.
d.
d.
F ebruary... 843 344 3 43 3 44
F eb .-M ch ... 3 43 3 41 3 43 3 44
M oh.-April. 3 44 3 45 3 44 845
A pril-M ay.. 3 47 3 48 847 848
M ay-June.. 3 51
3 54
3 58
3 01
400
4 00
O ct.-N ov....
June-July...
J u ly-A u g ...
A ugust......
September..
Sept.-O ct...
3 52
3 55
3 59
3 02
4 01
4 01
3 51
854
3 68
3 01
4 00
4 00
b r e a
3 52
3 65
3 59
02
4 01
4 01
8
d.
d.
3 41
3 41
3 41
3 45
3 48
3 52
3 55
3 58
S 0I
3 01
3 41
3 41
3 42
3 45
3 49
3 52
*50
3 59
3 02
3 02
A.
3 40
3 40
3 41
3 44
3 48
3 51
3 55
3 58
3 01
3 01
d.
d.
3 41
3 41
3 41
3 45
3 49
52
3 55
3 58
3 61
3 01
8
3 39
3 89
3 43
3 47
3 50
3 54
3 57
3 00
3 00
d s t u f f s
F
r id a y
,
d.
d.
d.
3 41
3 41
3 45
3 49
3 52
3 50
3 58
3 63
3 02
3 39
3 39
3 39
3 13
3 47
3 50
3 54
3 57
3 60
60
3 41
3 41
3 41
3 45
3 49
3 52
66
3 58
3 62
62
839 841
8
8
8
.
February 26,1892,
The market for flour and meal has relapsed into dulness
and the slight improvement in prices that followed the ad
vance in wheat has been barely maintained. Yesterday hold
ers accepted bids more freely and a larger business was done.
To-day the market was dull and weak.
The wheat market has been quite unsettled. Prices of con
tracts were strengthened on Saturday by reports of bad
weather in the Northwest, causing danger of win
ter-killing, and by the public statement that a W est
ern syndicate had bought a large quantity o f wheat
and would hold it out of the market for much higher
prices. But dull foreign advices and a rather slow ex
port business caused depression in speculation and weak
ened values. There was a moderate export business i n red
winter wheat at 93@95c. for No. 3 hard and $1 08^@108%c.
for No. 2, with choice at $ 1 09 afloat ; also, some business in
No. 1 Northern spiiug at $ 1 07 afloat. To-day contracts were
depressed by full arrivals at the Wèst. The spot market was
more active at some decline. Shippers took 210,000 bush.,
including No. 2 red winter, at $ l 07%, f. o. b., and No. 1
Northern spring at $ 1 06, f . o. b. '
D A I L Y CLO SIN G P R IC E S O F N O . 2 R E D W I N T E R W H E A T .
Sat.
M on .
tt
o
July delivery...
. .0.
..C .
103
100%
p i.
SO
Tues.
W ed.
105%
105%
104%
101%
99%
105%
105%
104%
102%
100%
Thurs.
105%
105%
103%
102
99%
F ri.
104%
104%
103
101%
99%
wxu, luuugu at times aepressea, nas generally
®teadiness, owing to reduction in receipts at the
West, by which the excess over last season is in a great
degree modified and brought more within the range o f the
increased demand attending the great reduction in values,
lo-day the market was easier under a full movement at the
West, which discouraged speculation for the rise, but there
was a brisk spot business for export.
D A I L Y C LO SIN G P R IC E S O F N O . 2 M IX E D CO RN .
Sal.
March delivery . . . . ____ c. 49%
April d e livery!.............. <j. 49%
May delivery................... e. 49 %
June delivery................c. 48%
July delivery.................e. 49
M on .
W
&
T u ts.
48%
49%
49%
47%
48%
Wed.
T h urs
. . . __________
F r i.
49%
50%
49%
48%
49%
49%
49%
49%
48%
48%
49%
50
49%
48%
49
Oats have fluctuated within narrow limits, with the specu
lation nearly at a stand and the market without salient feat
ure. To-day the market was dull and weak.
D A I L Y CLOSING P R IC E S O F N O . 2 M IX E D O A T S.
«
,
,
Sal.
March delivery............ 0. 36%
May delivery................. 0. 37%
M on.
Holiday.
T u ts.
36%
37
Wed.
36%
37%
T h urs.
36%
37%
F ri
36%
371 ^
Eye declined and was dull, but yesterday some business
was done at 96<§96^c, for prime, and to-day the decline was
recovered, with a brhk business, including No. 2 Western at
wy%c. Bar ey has been dull at the reduced figures quoted in
our last. Buckwheat has met with a moderate inquiry at
full prices, and yesterday-prime sold at 58c.
The following are closing quotations :
FLOUR.
F in e................$ bbl. $2 50®$3 10 Patent, winter.......... $4 75®S5 00
Superfine.............
3 00 ® 3 40 City shipping extras. 4 9 0 » 5 00
E x tra , N o. 2 ................. 3
4 0 ® Rye
3 6 0flour, superfine.. 4 25® 4 65
E itra, No. 1 ............... s
75® 4F25
in e ...................... 3 75® 4 00
C lea rs........................ 4
20 ® Corn
4 65meal—
Straights..................... 4
50® 4Western,
85
A c............ 2 90 ® 3 10
Patent, spring.......... 4 85® 5 25
Brandywine........
3 10 ® 3 1 5
Buckwheat flour per 100 lbs., $1 50 ® $1 65.
[Wheat flour in sacks sells at prices below those for barrels.]
GRAIN.
W h ea tSpring, per bush...
Red winter No. 2 ..1
Red winter............
W h ite....................
Oats—Mixed . . 38 bu.
White.....................
No. 2 mixed..........
No. 2 white............
Buckwheat...............
o.
c.
Com, per bush.—
90 ® 1 10
West’n m ixed. . . . .
00%®1 08%
Steamer No 2......
90 ®1 09
West’n yellow.......
9 7 ® l 07
Western w hite. . . .
36 ® 38
Rye 38 ® 42%
Western, per bush.
36%® 37%
State and Jersey..
38% ® 39% Barley—No. 2 West’n.
55 ® 58
State, 2 ro w e d .
State, 6 rowed.......
50%
49%
47 ® 50
43
®
52
47
«
48% »
96 ®1 00
98 ®1 00
68 ® 69
60 ® 63
67 ® 70
Ep*ORTS of Breadstuffs for January , 1892.—The fol
lowing, made up from the statement issued by the Bureau of
Statistics shows the exports o f domestic breadstuffs from
[Y
ol
.
LIV.
the under-mentioned customs districts o f tbe United States
for the month of January in 1893 and in 1891, and for seven
months of the fiscal year 1891-92.
1891-92.
Breadstuffs
Exports.
Barley, bush.
NewYork .......
90s to n .................
Philadelphia......
Baltimore...........
New Orleans.......
Pac. oust, dists.*
Other cu s.dists.t
Total, barley......
Corn, bush.
New York...........
Boston.................
Philadelphia....!
Baltimore..........
New O rleans....
Pac. cnst. dists.’
Ither cus. dists.+
Total, c o r n ......
Oortwneal. bbls
New Y ork...........
Boston.................
Philadelphia.....
B altim ore.........
New Orleans.......
Pac. cust. dists.*
Other cus. dists.t
Total, corn-meal
Oats, bush.
New York...........
Boston.................
Philadelphia......
Baltimore...........
New Orleans__
Pac. cust. dists.*
Jther cus. dists.t
Total, oa ts........
Oatmeal, lbs.
New York..........
Boston...............
Philadelphia....
Baltimore.........
New Orleans___
Pac. cust. dists.:
Other cus.dists .t
Total, oatmeal.
Rye,bush.
New York..........
Boston...............
Philadelphia....
Baltimore.........
New Orleans. ..
Pac. cust. dists.*
Other cus.dists.t
Total, rye...........
Wheat, bush.
New Y o r k ........
Boston.................
Philadelphia......
B a ltim o r e .,.....
New Orleans.......
Pac. cnst. dists.*
Other cus.dists.t
Total, wheat.,
Wheat-jUmr, bbls
New Y ork ...........
Boston............
Philadelphia......
Baltimore...........
New Orleans.......
Pac. cust. dists.*
Other cus.dists.t
Tot.,wheat-flour.
Totals.
New York...........
Boston...... .........
Philadelphia......
B altim ore..,.,...
New Orleans .. ..
Pac. cust. dists.*
Other cus.dists.t
Grand total..!
186,136,474
* Value Of exports from Pacific districts for the month o f January, 1892:
8an Francisco. California.........13,148,444 ' Oregen, Oreg................................. *86.827
W illam ette. Oregon.................1,106.896 i
__________
Puget Sound, W ashin gton.. . . . 663,970 1T o ta l.,............................................ $5,006,137
t Value o f exports from other customs districts for the month o f Jan., 1892:
Newport News, V a ......................*1,674,131 1Brazos, T exas..............................
*7.712
78,331 I
■__________
Detroit, Michigan.....................
Huron, Michigan........................
72,587 i T o t a l.............................................. $1,832,701
No te .—This statement Includes about 98 per cent o f the entire exports o f the
articles named from all ports o f the country.
The movement of breadstuff« to market is indicated in the
Katement below, prepared by us from the figures o f tbe New
Vork 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. 20, 1892,
me since August 1 , for each o f the last three years:
ieceipt* a t -
flo u r .
m n .im b .
ihioago.......
Milwaukee.
luluth.........
Unneapolis
Toledo.........
»etroit.. .
’leveland....
it. Louis.. ■
Pa irla.........
131,375
49,075
Tot»wk. ’P8
same wk.’9l
lame wk.'90.
Since A u g. 1.
1391-92.....
1890-91.......
1889-90....
226,900
171,532
174,235
....
2,025
4,236
0,222
29,023
4,350
W heat.
Corn.
Oats
B arlsg
R y t.
8t*»7l.0O lb/ fhu h.be lb Bush. 88 lb. Bush. 48 l o B u . 50 Í »
373,000
1,143,810
1,230,801
351,330
34,170
224,550
94,160
126,000
242,000
22,680
470,483
1,065,360
47,701
.173,100
3,000
3,500
80,270
30,111
28.510
20,231
34,039
9,582
10,500
242,127
1,651,510
107,850
113,400
5,000
19,500
471,500
270,000
09,000
21,021
200
1,100
2,549,811
1,389,541
945,035
3,510,773
1,771,209
4,032,578
1,853,911
1,034,521
1,697,534
814,840
500, *03
557,020
"07,056
101,04568,287
7,205,847 162,694,363 73,020,712 64.607,397 24.197,251 12,767,529
6,532,945 75,684,579 53,927,905 56,847,569 24,782,091 2,992,289
7,025,731 87,714.360 95,084,263 51.704.102 19.381.955 4.308.689
THE CHRONICLE
F ebruary 27, 1892. |
The exports from the several seaboard ports for the w* el
ending Feb. 20, 1892, are shown in the annexed statementE x p o rts
fro m —
P eas.
C or».
B ush.
8 3 5 ,4 5 7
1 5 2 ,5 4 9
8 9 ,9 7 6
B u sh .
6 5 1 ,2 0 3
7 8 ,6 8 0
B bls.
9 2 ,3 3 2
2 7 ,2 9 7
393
B ush.
1 5 5 ,8 9 8
1 3 ,8 0 3
4 4 ,9 1 4 1 ,0 4 3 ,6 1 3
1 0 9 ,2 4 1 1 ,6 1 3 ,1 1 4
5 3 4 ,7 3 2
6 4 3 ,0 9 3
1 0 2 ,4 0 8
2 0 ,9 2 7
2 1 ,5 3 2
9 1 .9 5 1
5 ,2 4 3
8 8 .9 5 1
9 2 ,4 3 8
..........
..........
.........
T o t. w eek . 1 ,8 9 6 ,1 5 7 4 ,0 2 3 ,7 5 0
B 'm e tim e
1 8 9 1 ...
2 3 2 ,1 3 6
3 3 0 ,4 7 5
3 2 7 ,7 4 9
2 6 2 ,1 3 9
2 1 5 ,5 6 5
3 2 ,4 7 8
2 1 8 ,0 6 3
4 ,8 3 0
N e w Y o rk
B o s t o n ...
P o rtla n d .
N o r f o lk ..
P h lla d e l.
B a ltlm ’re
N . O rl’n s.
N . N e w s ..
B ie h m ’ d .
F lo u r.
B ye.
W heat.
Oats.
B ush
1 5 9 ,8 5 0
5 1 ,2 7 9
B ush.
3 1 .4 7 8
1 ,0 0 0
4 ,4 3 6
3 3 ,0 1 1
The visible supply o f grain, comprising the stocks in granary
at the principal points o f accumulation at lake and seaboa- d
ports, Feb. 20, 1892:
O orn ,
Oats,
W heat,
bush .
b u sh .
I n stare at—
bush.
N e w Y o r k .............. 4 ,1 6 8 ,4 1 5 1 ,8 1 5 ,0 4 6 1 ,3 6 3 ,2 9 7
1 7 ,2 0 0
..............
D o a flo a t .....
2 9 2 ,0 0 0
2 5 ,6 0 0
2 1 ,8 0 0
A lb a n y . . . . . . . . . .
..............
4 3 ,0 6 3
2 0 ,8 9 2
B u ffa lo ................... 2 ,0 3 3 .3 2 0
Do
a flo a t........
1 8 8 ,6 3 0
8 0 5 ,9 6 0
C h i c a g o . ............. 9 ,4 8 1 ,6 8 0 1 ,3 3 4 ,0 6 8
3 0 1 ,1 0 9 ,
Do
a flo a t___
4 9 6 ,2 1 2 .
6 ,9 6 7
8 /1 7 7
M ilw a u k e e ............
3 5 0 ,1 6 9
D u lu th ................. 8*368,039
“ - i r ........
Do
a f l o a t .. ..
4 0 0 ,7 0 3
1 29 ,63 1
3 7 5 ,5 8 4
T o l e d o ................... 1 ,5 0 8 ,0 1 7
1 7 ,1 2 7
1 1 ,4 4 6
D e tr o it...................
4 3 3 ,7 1 5
2 5 ,0 0 0
O s w e g o . . . . . .........
2 1 9 ,1 4 7
8 t. L o u is ............... 2 ,2 2 8 ,5 7 9 2 ,4 8 2 ,2 8 6
Do
a flo a t ...
1 3 3 ,2 3 3
1 6 ,0 0 0
O in o in n a tl. . . . . . .
7 ,0 0 0
5 2 ,1 7 4
1 1 9 .9 3 6
B o s to n ....................
1 3 3 ,8 7 1
5 ,4 3 5
800
T o r o n t o ..........
1 2 8 ,9 9 1
1 7 1 ,6 8 7
5 5 5 ,2 5 0
M o n t r e a l ............
3 6 1 ,4 3 6
7 2 3 ,0 5 2
P h ila d e lp h ia ........
3 2 0 ,6 4 3
1 5 3 ,3 1 3
5 2 4 ,6 1 9
P e o r ia .,..................
1 6 ,2 7 1
1 6 0 ,9 1 1
8 2 ,5 1 4
I n d ia n a p o lis ........
4 4 ,7 8 1
1 5 ,9 8 7
7 0 ,7 8 3
K a n sa s C i t y . . . . .
5 7 2 ,4 6 9
9 3 ,7 3 2
B a lt in o r e ............
8 0 6 ,6 1 9 1 .7 7 7 ,5 2 1
1 9 ,1 3 4
3 0 3 ,2 7 5
M in n eap olis.......... 8 ,5 2 3 ,0 7 5
5 ,1 2 5
1 7 ,1 3 8
O n M is s is s ip p i.. .
2 0 7 ,0 7 6
O n c a n a l & r iv e r .......................
B ye,
bush .
7 0 6 ,2 1 9
1 0 ,0 0 0
1 6 ,0 0 0
1 2 3 ,1 6 2
5 4 2 ,1 7 3
5 8 ,0 6 6
8 9 ,4 1 9
B a r ey ,
busn.
5 6 ,6 2 5
1 9 3 ,0 0 0
6 ,4 0 0
4 2 3 ,6 6 5
377
There has been an improved demand for brown sheetings
by the home trade and more inquiry by exporters. Standard
and 3-yard makes are in fair supply, but lighter weights are
mostly well under control. Bleached shirtings also show an
improved business through the aggregation of small orders
principally, and are steady in price. W ide sheetings are well
sold ahead, and New York Mills makes are advanced 2 ^ per
cent. The demand for colored cottons of the cheviot, cottonades, tickings and denim order keeps up with the supply,
and prices are firm, as also are bleached and dyed cambrics.
Cotton linings are in fair request, without particular feature.
Printed fabrics, both in standard fancies and specialties,
were in average request, and a moderate duplicating business
was recorded in ginghams and other wash fabrics. In the
jobbing trade business was active, features of the week being
two drives by the H, B. Claflin Co., one in printed percale
zephyrs at 6c. and the other in cheap ginghams at 5 ^ c. per
yard. Print cloths were in steady demand at 3 ^ c. for 64x64s
for delivery this month and next, but for April and later
months 3 l-16c. was accepted by sellers. Other counts were
unchanged in price.
1 89 2
S tock o f P r i n t C lo th s—
Feb. 2 0 .
H eld b y P ro v id e n ce m a n u fa ctu re r s. 1 1 ,0 0 0
F a ll R iv e r m a n u fa ctu re r s ___ . . . . . . .
1 3 ,0 0 0
O u tside s p e c u la to r s ( e s t ) . . . . ______ _
N on e.
8 2 ,6 1 3
T o ta l s to c k ( p i e c e s ) , . . . . . . . . . . . .
2 4 ,0 0 0
189 1
Feb. 2 1 .
3 5 6 ,0 0 0
2 7 8 ,0 0 0
N on e.
1890
F eb . 2 2
3 1 6 ,0 0 0
3 4 ,0 0 0
N one.
6 3 4 ,0 0 0
3 5 0 ,0 0 0
2 3 7 ,1 8 9
2 6 ,1 8 0
Domestic W oolens —With the advance of the season
there is a noticeable falling off in the extent of business do
1 0 4 ,6 5 0
ing, and such manufacturers as have not come well under
5 3 ,6 1 8
3 4 ,2 3 8 orders up to the present have not much prospect o? doing so
__ _
8 0 ,0 0 0
9 0 ,4 3 2 for the balance of the season. As a rule they are, however»
4 ,6 8 7
fairly well covered for the next two month". Those of them
5 ,0 0 0
1 7 5 ,0 0 0 producing the finer lines o f all-wool or all-worsted mink1 1 ,3 7 6
1 0 ,7 8 0
wear lines in suitings, trouserings or overcoating? being
1 0 9 ,2 2 9
2 6 ,9 5 0
7 7 ,7 0 6 even better placed than this. New business this week has
. . . . ...
.... ...
been moderate in heavy weights, but there has again been
1 3,5 81
1 3 ,0 4 6 some demand for spring fancies for immediate delivery. Sat
1 7 ,6 7 4
inets, cotton-warp cassimeres, unions and doeskins have all
1 1 ,8 6 8
8 8 ,2 6 1
been in limited request, only the most reputable makes hav
7 ,9 9 3
ing any attention paid to them. Cloakings are well sold
ahead and continue in steady demand. The dress goods
1 7 ,0 0 0
branches are now receiving a fair number o f duplicate or
T o t. F eb . 2 0 / 9 2 . 4 1 ,4 7 3 ,7 3 8 1 0 ,0 3 3 ,2 1 7 3 ,6 3 9 ,7 3 5 1 ,9 0 1 ,1 0 8 1 ,6 2 4 ,6 9 2
ders, which, with the business already in hand, keep the
T o t. F e b . 1 3 / 9 2 . 4 1 ,7 9 5 ,9 9 1 9 ,8 3 1 ,5 4 9 3 ,7 7 3 .1 2 8 1 ,9 3 6 ,0 3 3 1 ,5 6 7 .4 0 7
mills well employed and covered for a considerable time to
T o t. F e b . 2 1 / 9 1 . 2 3 ,3 2 4 ,9 6 4 2 ,5 9 5 ,7 5 9 2 ,« 8 2,522 3 9 4 ,8 1 4 2 ,6 7 8 ,4 5 3
come.
T o t. F e b . 2 2 / 9 0 . 2 9 ,6 1 8 ,5 8 1 1 3 ,7 3 6 ,5 6 7 5 ,1 3 6 ,9 8 0 1 ,5 2 9 ,3 9 7 1 ,8 6 2 ,6 5 1
T o t . F eb. 2 3 / 8 9 . 3 2 ,7 4 0 ,4 0 9 1 5 ,4 6 2 ,7 0 1 8 ,0 6 7 ,1 3 1 1 ,6 7 8 ,4 4 3 2 ,0 6 5 ,1 5 9
F oreign D r y G oods.—Buyers have again been in the mar
ket in large numbers and have placed considerable orders for
a varied assortment of fabrics and fancy article». In dress
THE DRY GOODS TRADE.
goods, cotton, woolen, worsted and silk, novelties are con
N SW YO RK . F r id a y P . M „ F e b ru a ry 2 6 ,1 8 9 2 .
tinually making their appearance, and although the importa
Business during the week was interfered with at first hands tions are not so large as in previous seasons they are so diver
by the holiday on Monday last, but the subsequent demand has sified as to prove a constant stimulant to b ryers, and stocks
been sufficiently g 'o d to bring the total up to late average in are thus kept in excellent shape. A large business is recorded
most directions. Forwarding is still the most active depart in ribbons, laces and embroideries, with a fair trade in glove3
ment, yet very fair orders have been recorded by agents for and hosiery.
a widespread variety of fabrics, the duplicating demand from
Im p o r ta tio n s o f D ry G o o d s .
the jobbing trade in the West being a feature. Local jobbers
g
g
g
g
g
g
ts
have been less noticeable in this connection, but, should the
is
present activity in their business continue they must soon
S » Sfr+O 0
B M ifs -a g .
come into the market for further supplies. Current demand
g; ; »; a
and expectations of a large future business serve to sustain
i®*f i: f: r; ia
tt ! ; ; ¡ g
O ! - - agents in the matter of prices in face of the continued adverse
0
p :
Pi
m•
influence of the market for raw cotton, and in some quarters
the tendency is even in an upward direction. Most staple
I:
lines, however, are not more than steady, and even this is sat
isfactory. All thirigs considered, production is on a large
S tK
OH
g*
scale, but there is no visible growth of stocks to any extent,
co <l © o a
tO CB CB
bCO
b© HC 0 tD
K) £-WO< CR
Pc?
< l tO M ©
COOMGCH
O - 4 05 M 3 I
and it is evident that much business has transpired and is
b®
03 tO CO O M
<100
o co ta o ©
<l©©
still passing which is not reported until actually consum
c
o
u
a
o
a
c
r
mated by deliveries from.either mill or warehouse. Most of
CO ** to tO <1
A t a # . CR ta
00
03 CO CO CO*»*
© o ta oo © « 9
the jobbers’ traveling salesmen have returned from their
*i2
CB©
tob b b ò
-4 ta < i o q o
tobbboo
-s
ÜI03
first spring trips, and their accounts are nearly unanimously
© C O L IC O CO
H* A ta O M
© C B * * CB CO
©CB
Ni 00 M*»* CO 00 03
CRco© ©ta
tOCB 00 bO Ci CO 03
favorable to a large trade this year, although it may be more
conservatively conducted than usual. Financial conditions
are generally good and prompt settlement of accounts an
ÜlvJ I
*»CBC0<lM
A a modta
o*». b**aocb
agreeable feature in the West, m st of the Northwest and
b o IV bbbb
03 CB
HOOHM M
H 03 03 GOto
©H
CO**'.CCO*—
some sections of the Southwest.
CO03 to CB/b»
CO A < l A A
00 03
ocoo ! <U>QMÇBC0
D o m e s t i c C o t t o n G o o d s . — The exports o f cotton goods
totoaco*»
©G0
from this port for the week ending February 28 were 1,396
b**.<T<icB
co i **b t o o o o o o t o
IO CB 0310 03
packages, valued at $116,595, their destination being to the
CB<1 t O t O 99
00£» tOCBO
CB CO 03 <| CO
Q0<|OD M ©
OC <J CO CO M
tO © CB CO »
points specified in the table helowr
to b b b o o
CB CO b o b b b
CB CD © b t O M O O
to *»■A (X C3
©00<l<l©
a co tOH-COMifï*
030
1892
1891
>l*0*»<iCB
Nbw York
to
CB00
F e b . 23.
W eek. S in ce J a n . 1.
G re a t B r it a in ...........................
O th er E u r o p e a n .......................
C h in a ........................................
I n d ia ............. .............................
A ra b ia .
. . . ...... ...............
A f r ic a ..........................................
W e st I n d i e s . . . . . . . .............
M e x ic o .........................................
C e n tra l A m e r i c a . ...............
S ou th A m e r ic a ..........................
O th e r co u n t r ie s ........................
3
233
79
1 55
6 29
57
728
324
1 0 ,4 0 9
1 ,1 3 2
804
3 ,7 5 8
2 ,9 4 5
786
1 ,0 2 6
7 ,9 0 2
475
T o t a l......................................
C h in a , v ia V a n c o u v e r ..........
1 ,3 9 6
400
3 0 .2 8 9
3 ,4 0 0
1 ,3 5 6
3 3 ,2 5 1
8 ,0 5 0
T o t a l......................................
1 ,7 9 6
3 3 .6 8 9
1 ,3 5 6
4 1 ,3 0 1
140
100
80
6
7 75
1 00
30
1 98
35
45
64
23
742
162
1 9 ,4 1 8
2 ,6 0 8
1 ,4 3 5
2 28
2 ,3 7 2
4 11
1 ,0 4 0
4|636
1 99
The value of the New York ex*)or'-« since January 1 have
been $1,656,623 in 1892 agamst $1,817,010 in 1881.
CBCO^CQ**
CB to
00 M t 9 © CB
W eek. Since J a n . 1
O i © C O , MtOM)U£k
**
to J © © ■ ! O CB CO
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03©
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co c o © »-to
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rf* CO 00 CB ©
CB tO © tO ©
C O © — ^0 ^ * 9 0
©M M©CB
bbbcB M
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< ! CO CO 10 CB
<100 03 03 CB
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loto
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COCB© <1 ©
OOCOO^M
CBCOO — M
© M X> © ©
tO © 10 -4 CB
tO *O OC© CB
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C to
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© 0 0 M © CB
tOtOCBMO*
Q o lo b b b
CB
CO CO GO «
OOOOp©M
CBbOblf^b
to ! IO
^ •P**“
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C B C B © tO < l
t O © CB © »—
op cop oo
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** CO© *» CO
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© 03 I
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to b b b b
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$3
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t O r -C O t O M
tOCO ^ < 1 CB
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878
S
tate
THE
aw p
CHRONICLE.
C ity P m O T s w r .
T E R M S O F S U B S C R IP T IO N .
C o m m e rc ia l a n d F in a n c ia l C I I R O X I C L E conai ns 4 0 to 6 4 pages published every week.
S tate a n d City S u p p lem en t of C I I R O X I C L E con
tains 1 8 4 pages published several times each year.
In v e sto rs’ S u p p lem en t o f C H R O N IC L E (a Cyclo
paedia of Railroad Securities) contains 1 6 0 pages published
•very other month.
Subscription to CHRONICLE for one year $ 1 0 .0 0 ,
which includes every issue o f both S u p p l e m e n t s .
T h e p u rp o se o f th is S tate a n d City D e p a r tm e n t
is to furnish our subscribers with a weekly addition to and
continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S t a t e a n d C i t y S u p p l e m e n t to as near the current date as
possible. Hence if every Subscriber will note in his S u p p l e
m e n t on the page designated at the head of each item a
reference to the page where the item in the C h r o n i c l e can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.
M U N IC IPAL D E B T REPORTS CORRECTED
TO DATE.
In pursuance of the purpose for which this Depart
ment was established, we give this week the financial
reports for the cities of Minneapolis, Minn.; Milwau
kee, Wis.; Pittsburg, Pa., and Newark, N. J. These
statements have been corrected to date. In the bond
tables will be found the details of each outstanding
city loan, while below them are given the figures of
total debt, assets &c. on January 1 1892. To make
the present exhibits more intelligible and useful, we
would refer the reader for comparative figures to cor
responding statements for previous years, which have
already been published in our State a n d Cit y S up
plement .
It may be worthy of mention in reference to the city of
Pittsburg that at a special election held on the eighth
of last December street improvement bonds to the
amount of $2,000,000 were voted. Since this election,
however, a decision of the Supreme Court has made it
possible for Pittsburg to use certain funds to pay for
street improvements, which before the city was debarred
from appropriating to that purpose. This decision
has rendered the proposed loan unnecessary, and no
new bonds will be issued.
M IN N E A P O L IS , M IN N . — M r. P. B . W in sto n co n tin u e s to
h o ld th e office o f M a y o r in th is oity . M in n e a p o lis is s itu a te d in H e n n e
p in C ou n ty , a n d is r e s p o n s ib le fo r m o r e th a n n in e-ten th s o f th e co u n ty
d e b t, w h ic h in 1 8 9 0 a m o u n te d t o $ 4 8 5 ,0 0 0 . T h e d etails o f th e c it y ’s
o u ts ta n d in g b o n d s a re as f o l l o w s :
LOANS—
W hen D u e.
. LOANS—
W hen D u eB r id g e B on d s—
4 s, M & N , 7 5 ,0 0 0 ..N o v . 1, 1 91 9
Ss, J & D , $ 2 5 0 ,0 0 0 .D e c . 2, 1 89 2 4 s, J & J , 5 0 ,0 0 0 .. J an . 1, 1921
8 s, F & A ,
2 0 ,0 0 0 .F eb . 2, 1 8 9 4
P erm anent I m provem ents—
8s, M & N , 5 0 ,0 0 0 . M a y 1, 1 90 5 4 ^ 8 , J & J , $ 4 0 ,0 0 0 ..J u ly 1, 190 8
4 i«S , A & O ,
7 6 ,0 0 0 .A p r. 1, 1 9 1 2 4^38, A & O , 1 6 5 ,0 0 0 ..A p r. 1, 191 2
S u b je ct t o caU a fte r A p r il, 1 90 2
S u b je ct to ca ll a fte r A p r. 1, 1 9 0 2
4s, J & J , $ 1 1 0 ,0 0 0 .J u ly 1, 191 5 *38, A & O , 1 3 4 ,0 0 0 ..A p r. 2, 1 91 3
4s, F & A , 3 9 0 ,0 0 0 .F eb . 1 5 ,1 9 1 7 4 1ss, J & J, 4 5 ,0 0 0 ..J u ly 2, 191 3
4 s, M & S,
3 0 ,0 0 0 .M a r .1 5 ,1 91 9 4*38, M&S,
7 5 ,0 0 0 . .M ar. 1 5 ,1 9 1 4
C i t y H a l l , e t c .—
4*38, M & N , 2 7 0 ,0 0 0 ..M a y 1, 1 91 5
8 s, F & A , $ 5 0 ,0 0 0 ...F eb . 2 , 1 8 9 4 4 s, J & J,
3 5 ,0 0 0 . .J u ly 1 5 ,1 9 1 6
4 * a s ,J S J , 2 5 0 ,0 0 0 ...J u ly 1, 1 9 1 7 4 s, A & O , 3 2 0 ,0 0 0 ..A p r. 1, 1 9 1 7
4 ia s , J & J , 2 5 0 ,0 0 0 ...J u ly 1, 192 1 4 s, F & A , 1 0 0 ,0 0 0 .. A u g . 1 5 ,1 9 1 7
4«, J & J , 2 0 0 ,0 0 0 ...J an . 1, 1 92 0 4 s, J & D , 5 0 ,0 0 0 ..D e c. 1, 1 9 1 7
F ir e D e p ar t m e n t —
4s, M&S, 1 7 0 ,0 0 0 ..M ar. 1 5 ,1 9 1 9
4s, J & D , $ 1 5 ,0 0 0 ....J u n e 13, 1 9 2 0 4 s, M & N , 1 2 5 ,0 0 0 ..M a y 1 5 ,1 9 1 9
G e n e r a l P urposes—
4 s, J & D , 1 0 0 ,0 0 0 .. J u n e 2 9 ,1 9 1 9
7 s , J & J , $ 2 0 ,0 0 0 ........J u ly 1, 1 9 0 2 4 s, J & J ,
5 5 ,0 0 0 .. J a n . 1 5 ,1 9 2 0
L ib r a r y F un d—
4 13S, J & D , $ 6 0 ,0 0 0 ...D e c . 1, 1 91 5
4 s, J & D , 4 0 ,0 0 0 ...D eo. 1 5 ,1 9 1 6
4*38, J & J , $ 2 0 0 ,0 0 0 ..J u n e 3 0 ,1 91 3
4 13S, J & J , 1 0 0 ,0 0 0 ..J a n . 1, 1 9 1 4
413s, J & J , 2 2 3 ,0 0 0 ..J u ly 1, 1 9 1 4
4s, M & N , 1 0 0 ,0 0 0 ..M a y 1, 191 9
P e r m . I m p. R e v . F und—
413s, J&J,$ 2 4 5 ,0 0 0 ... J u ly 1, 1 02 1
4 s, A & O , 1 5 0 ,0 0 0 ___ A p r. 1, 1 9 1 7
4 s, F & A , 1 5 5 ,0 0 0 ------A u g . 1, 1 91 8
4 s, J & D ,
5 0 ,0 0 0 ___ D e c. 1 5 ,1 9 1 8
4 s, F & A , 1 0 0 ,0 0 0 ___ F eb . 1, 1 91 9
4 s, M & N , 5 0 ,0 0 0 ___ M a y 1 5 ,1 9 1 9
4 s, J & J , 2 5 0 ,0 0 0 ___ J a n . 1 5 ,1 9 2 0
LOANS—
[V o l , LIV ,
W h en D u e.
R a il r o a d A id B o n d s—
7 s, M & S, $ 3 1 , 0 0 0 ... .S ept. 1 , 1 8 9 7
7 s, M & N , 9 4 ,0 0 0 ... .N o v . 1 5 ,1 9 0 7
7 s, M & N , 1 2 5 , 0 0 0 ... .N o v . 1, 190 1
Sc h o o l s —
1 0s,
8s,
6s,
5 s,
4 s,
4 s,
4 s,
4 s,
4 s,
v a r ., $ 1 2 ,0 0 0 ... v a r ., 1 8 9 2
v a r.,
6 ,0 0 0 . ..
1 8 9 1 -9 2
J& J,
4 0 , 0 0 0 .. .J u ly 1, 1 8 9 9
A & O , 2 2 , 0 0 0 .. .A p r. 1, 1 89 3
J & J , 8 0 ,0 0 0 ... J u ly 1, 1 9 1 5
A & O , 5 0 , 0 0 0 .. .O ct. 1 5 ,1 9 1 7
M & N , 1 2 5 ,0 0 0 ...M a y 1 5 ,1 9 1 9
A & O , 7 5 , 0 0 0 . . . O et. 1 5 ,1 9 1 9
J& J,
5 0 , 0 0 0 .. .J a n . 1 5 ,1 9 2 0
S c h o o l D is t r ic t s (o ld )—
V a r ., v a r., $ 5 2 ,5 0 0 ... 1 8 9 1 -1 8 9 2
Se w e r s —
8s,
J & J , $ 1 5 , 0 0 0 ...J u ly 1, 1 9 0 0
LOANS—
7 s,
7 s,
4 1as,
4 s,
W hen
J & J, $ 2 5 , 0 0 0 ...J u ly 1,
J & J , 2 5 ,0 0 0 ... J u ly 1,
J & J , 5 0 , 0 0 0 .. .J u ly 1,
F & A , 9 0 , 0 0 0 .. .A u g . 1,
V T A D T T r T S ftt.o
Due
1 89 6
1902
1906
191 8
4*28, M & S, $ 1 0 0 ,0 0 0 .M ar. 1 5 ,1 9 1 4
W aterw orks—
8s, F & A ,$ 6 0 , 0 0 0 ...F e b . 2 , 1 89 9
8 s, J & J , 2 5 ,0 0 0 ... J u ly 1, 1 9 0 0
7 s, J & J , 4 0 ,0 0 0 ... J u ly 1, 1 9 0 2
4 1aS, A & O , 1 2 5 ,0 0 0 ...A p r. 1, 1 9 1 2
S u b je ct t o ca ll a fte r A p r. 1, 1 9 0 2
4^28, J & J, 2 8 0 ,0 0 0 .. .J u ly 2, 1 9 1 3
4 *2S, M & N , 3 0 , 0 0 0 .. .M a y 1, 1 91 5
4 s, J & J , 1 2 0 ,0 0 0 ... J u ly 1 5 ,1 9 1 6
4 s, A & O , 3 3 0 ,0 0 0 ... A p r. 1, 1 9 1 7
48, F & A , 1 7 0 , 0 0 0 ...A u g . 1, 191 8
4 s, J & J , 5 0 ,0 0 0 ... J a n . 1 5 ,1 9 2 0
P A R V A L U E O F B O N D S .—A f e w o f t b e o ld e r b o n d s a re o f d e n o m i*
n a tio n s o th e r th a n $ 1 ,0 0 0 . A ll la te issu e s h o w e v e r (i. e. a ll b e a r in g
le ss th a n 5*2 p e r ce n t in te re st) a re f o r $ 1 ,0 0 0 each .
T O T A L D E B T , S I N K I N G F U N D S , E T C .- T h e s u b jo i n e d sta te m e n t
s h o w s th e c it y ’ s t o ta l m u n ic ip a l d e b t, th e s in k in g fu n d a n d th e w a te r
d e b t o n th e 1 st o f J a n u a ry 1 8 9 2 a n d 1 8 9 0 :
J a n . 1 ,1 8 9 2 . J a n . 1 ,1 8 9 0 .
T o ta l fu n d e d d e b t (in clu d in g w a t e r d e b t )........$ 7 ,5 4 0 ,5 0 0
$ 6 ,4 8 6 ,5 0 0
S in k in g fu n d s ................................................................
7 3 7 ,9 3 1
5 3 5 ,3 5 8
N e t d e b t .................................................................. $ 6 ,8 0 2 ,5 6 9
W a te r d e b t (in clu d e d in t o t a l d e b t)..................... $ 1 ,2 3 0 ,0 0 0
$ 5 ,9 5 1 ,1 4 2
$ 1 ,2 3 5 ,0 0 0
SINKING FUND.—I t is p r o v id e d b y th e c i t y ’ s c h a r te r th a t in ad d i
t io n to r a is in g a t a x s u fficie n t t o p a y th e in te re s t o n a ll its b o n d s th e
c it y sh a ll le v y a t a x o f o n e m ill o n e a ch d o lla r o f th e a sse sse d v a lu a tio n
to p r o v id e f o r th e p r in c ip a l o f th e b o n d s w h e n due. T h e m a in te n a n ce
o f this s in k in g fu n d f o r th e p a y m e n t o f th e p r in c ip a l o f th e b o n d s is “ de
d a r e d t o b e p a r t o f th e co n tr a c t w it h th e h o ld e r o f a n y b o n d s o f t h e
o ity th a t m a y h e r e a fte r b e iss u e d a n d sh a ll b e k e p t in v io la t e .” I n a o
co r d a n c e w it h th is p r o v is io n th e re w a s ra ise d b y t a x a tio n f o r th e s in k
in g fu n d in 1 89 1 $ 1 3 8 ,4 4 4 60. O n J a n u a ry 1 ,1 8 9 2 , th e in v e s tm e n ts o f
th e fu n d co n s is te d o f $ 6 3 2 ,0 0 0 c it y o f M in n e a p o lis 4 , 4 ^ a n d 5 p e r
ce n t b o n d s , a n d o n e n o te o f th e B o a r d o f E d u c a tio n o f th e C ity o f M in
n e a p o lis d u e J u n e 3 0 1 8 9 2 , f o r th e a m o u n t o f $ 8 7 ,7 4 1 . T h e ca s h h e ld
b y th e B o a r d o f S in k in g F u n d C o m m issio n e rs a m o u n te d t o $ 1 8 ,1 9 0 .
C I T Y P R O P E R T Y .—T h e c it y ’ s p r o p e r t y J a n u a r y 1 1 8 9 2 w a s
v a lu e d a t $ 1 7 ,6 4 2 ,2 7 4 . T h e r e c e ip ts f r o m w a t e r in 1 8 9 1 w e r e $ 1 7 9 ,
6 8 9 ; cu r r e n t e x p e n se s f o r w a t e r w o r k s , $ 8 7 ,8 7 1 .
V A L U A T I O N A N D I N D E B T E D N E S S .- T h e c i t y ’ s a s s e s s e d v a lu a
tio n , t a x ra te a n d b o n d e d d e b t h a v e b e e n as f o U o w s :
T ax T a te. T ota l B o n d e d
Y ears.
T ax V a lu a tio n , p e r $ 1 ,0 0 0 .
Debt.
1 8 9 1 ................. .............................. $ 1 3 8 ,4 4 4 ,5 6 2
$23 10
$ 7 ,5 4 0 ,5 0 0
1 3 6 ,9 4 4 ,3 7 2
19 3 0
7 ,0 8 0 ,5 0 0
1 8 9 0 ................
1 8 8 9 .........................
1 2 7 ,1 0 1 ,8 6 1
2140
6 ,4 8 6 ,5 0 0
1 8 8 8 ................................................. 1 2 6 ,1 3 9 ,8 8 6
19 20
4 ,8 2 4 ,5 0 0
1 8 8 5 ................................................. 7 7 ,4 6 8 ,2 6 7
19 60
2 ,4 6 1 ,0 0 0
1 8 8 2 .................................................
4 0 ,7 0 2 ,0 4 4
19 50
1 8 7 9 . . ...............................
2 3 ,4 1 5 ,7 3 3
14 5 0
1 ,1 0 1 ,0 0 0
T h e t a x ra te in 1 8 9 1 in c lu d e s c it y t a x , $ 1 4 8 0 ; S ta te t a x , $ 2 6 0 ;
co u n ty t a x , $ 2 0 0 ; s c h o o l ta x , $ 2 0 0 ; s tr e e t t a x (a v e ra g e ra te ), $ 1 7 0 .
T he t o ta l t a x ra ise d in 1 8 9 1 w a s $ 2 ,6 8 4 ,7 4 4 , o f w h ic h $ 3 4 6 ,1 1 1 w a s
f o r in te re s t o n d e b t a n d $ 1 3 8 ,4 4 5 f o r s in k in g fu n d .
M I L W A U K E E , W I S . — M r. P e t e r J . S om ers is still M a y o r o f
this c ity , w h ic h is situ a te d in M ilw a u k e e C o u n ty . T h e C o m m ission ers
o f th e B o n d e d D e b t h a v e re c o m m e n d e d t o th e C o m m o n C o u n c il o f M il
w a u k e e th e iss u a n ce o f n e w b o n d s t o th e a m o u n t o f $ 3 2 5 ,0 0 0 , as f o l
lo w s : f o r w a te r, $ 1 0 0 ,0 0 0 ; f o r s c h o o ls , $ 1 0 0 ,0 0 0 ; f o r b rid g e s, $ 5 5 ,0 00 , a n d f o r p a rk s , $ 7 0 ,0 0 0 . T h e se b o n d s w ill p r o b a b ly n o t b e iss u e d
u n til th e c o m in g J u ly . M o st o f th e b o n d s iss u e d b y th is c it y a re s u b
j e c t t o ca ll a t th e ra te o f 5 p e r c e n t o f th e o r ig in a l issu e y e a rly . B o n d s
ca lle d a re p a id o n o r a b o u t J u ly 1.
LOANS—
W hen D u e.
LOANS—
W h en D u e .
B a t h B on ds, 1888—
Mil . R iver D am B onds4 s, J & J, $ 2 2 ,0 0 0 .........J u ly 1, 1 90 8 48, J & J , $ 4 5 ,0 0 0 .........J u ly 1, 1 9 0 9
($ 1 ,2 5 0 ca lle d y e a rly .)
($2,500 c a lle d y e a rly .)
B r id g e B o n d s, 1 8 8 2 - 9 1 —
P ark B onds, 1890-91—
4s, J & J, $ 5 5 ,0 0 0 .........J u ly 1, 1 90 2 4 s, J & J , $ 9 5 ,0 0 0 .........J u ly 1 , 1 9 1 0
($ 5 ,0 0 0 ca lle d y e a rly .)
($ 5 ,0 0 0 c a lle d y e a rly .)
4s, J& J, $ 4 7 ,0 0 0 .........J u ly 1, 190 3 5 s, J & J , $ 1 5 0 ,0 0 0 ....... 1 8 9 3 t o 1 91 1
($ 3 ,7 5 0 ca lle d y e a rly .)
(5 p e r c e n t re tire d a n n u ally.)
4s, J & J, $ 4 5 ,0 0 0 .........J a n . 1 ,1 9 1 0
School B onds, 1 8 8 7 -’ 8 9 - ’9 1 —
($ 2 ,5 0 0 ca lle d y e a rly .) 4 s, J & J , $ 1 7 0 ,0 0 0 ... .J u ly 1, 1 9 0 7
5s, J & J , $ 9 0 ,0 0 0 ..........1 8 9 3 t o 1911
($ 1 0 ,0 0 0 ca lle d y e a rly .)
(5 p e r ce n t re tire d a n n u ally.) 4 s, J & J , $ 2 2 5 ,0 0 0 ... .J u ly 1, 1 9 0 9
Cit y H a l l B o n d s($ 1 2 ,5 0 0 caH ed y e a rly .)
48, J & J, $ 5 4 , 0 0 0 ... ...M ar. 1. 1 9 1 0 4 &413S, ...,$ 1 4 0 ,0 0 0 .J u l y 1, 1 91 1
($ 3 ,0 0 0 ca lle d y e a rly .)
V iaduct B onds, 1 89 2 —
5 s, J & J , $ 2 0 0 ,0 0 0 ....... 1 8 9 3 to 191 1 5 s, J & J , $ 5 0 , 0 0 0 ... .J u ly 1 , 191 1
(5 p e r ce n t re tire d a n n u a lly.)
($ 2 ,5 0 0 ca lle d y e a rly .)
G e n e r a l C i t y B o n d s , 1 8 7 1 -’ 8 6 —
Water B onds, 1 8 7 1 - 9 0 —
7s, J& J, $ 1 3 4 ,0 0 0 ... .J an . 1, 190 1 7 s, J & J , $ 8 9 6 ,0 0 0 ... .J an . 1, 1 9 0 2
($ 1 2 ,1 0 0 c a lle d y e a rly .)
($ 8 0 ,0 0 0 ca lle d y e a rly .)
7s. J & D . $ 9 8 ,0 0 0 ___ J u n e l , 1 8 9 6 4 s, J & J , $ 9 1 , 0 0 0 ... .J u ly 1, 1 9 0 3
($ 7 ,5 0 0 ca lle d y e a rly .)
4s, J & J, $ 1 0 5 ,0 0 0 ... .J u ly 1, 1 90 5
($ 7 ,5 0 0 ca lle d y e a rly ). 4 s, J & J , $ 1 8 8 ,0 0 0 ... .J an . 1, 1 9 0 6
($ 1 2 ,5 0 0 ca lle d y e a rly .)
4s, J & J, $ 1 1 3 ,0 0 0 ... .J u ly 1, 1 9 0 6
($ 7 ,5 0 0 ca lle d ye a rly .) 4 s, J & J , $ 2 0 0 ,0 0 0 .... J an . 1, 1 9 0 7
($ 1 2 ,5 0 0 c a lle d y e a rly .)
I n t e r c e p t in g S e w e r B o n d s 48, J & J, $ 5 1 ,0 0 0 .........J u ly 1, 1 9 0 7 4 s, J & J , $ 4 5 0 ,0 0 0 ... .J an . 1, 1 9 1 0
($ 2 5 ,0 0 0 c a lle d y e a rly .)
($ 3 ,0 0 0 ca lle d y e a rly .)
L ib r a r y B on ds—
4 s, J & J , $ 5 4 ,0 0 0 .........J an . 1, 1 9 1 0
($ 3 ,0 0 0 ca lle d y e a rly .)
L ib r a r y & M u se u m B on ds—
5s, J & J, $ 1 0 0 ,0 0 0 ....... 1 8 9 3 to 191 1
(5 p e r ce n t re tire d a n n u a lly.)
W ater D ep . Construction-
48, J & J , $ 9 0 ,0 0 0 .........J a n . 1, 1 9 1 0
($ 5 ,0 0 0 c a lle d y e a rly .)
Water W’ ks R efund.,1883-’84—
4 s, J & J , $ 9 0 ,0 0 0 .........J u ly 1, 1 90 3
($ 7 ,5 0 0 ca lle d y e a rly .)
4 s, J & J , $ 9 8 ,0 0 0 .........J u ly 1, 1 9 0 4
($ 7 ,5 0 0 ca lle d y e a rly .)
PAR VALUE OF BONDS.—T h e b o n d s a re m o s t ly f o r $ 1 ,0 0 0 ea ch .
INTEREST—W HERE PAYABLE.—In t e r e s t is p a y a b le in N e w
Y o r k a t th e N a tio n a l P a rk B a n k ; a lso in M ilw a u k e e .
T O T A L DEBT, SINKING FUNDS, ETC .—T h e s u b jo in e d s ta te
m e n t s h o w s M ilw a u k e e ’ s t o ta l m u n ic ip a l d e b t, th e s in k in g fu n d h e ld b
F e b r u a r y 27,1892.]
TH E
CHRONICLE.
the city against the same and the water debt, on the 1st of January of
each of the last three y ea rs:
1892.
1891.
1890.
LO AN S-
379
NAME OR PURPOSE.
7Interest.—
, --------- Principal,------— ,
Bâte. Payable. When Due.
Outstand’g.
M & S Mch. 1, 1906 $126.00 O
....1 8 8 6 4
Annexation...,
M & B Mch. 15,1893 1,500,000
City improvement__ ....1 8 7 3 7
....1 8 8 6 4
M & S Mch. 1, 1906
158,000
City ta x ..........
....18 7 5 7
Clinton H ill...
J & J July 1, 1895 s400,000
700,000
....18 7 8 6
F & A Aug. 1, 1908
Corporate......
J & D June 1, 1910
....1 8 8 0 5
do
__
500,00 ®
Net debt on January 1.............. $3,827,000 $3,414,000 $2,808,000
A & O Apr. 1, 1896 s450,00O
debt..
......1866 7
Water debt.......... ..............................$1,915,000 $2,057,000 $1,816,000 Funded
232,000
.1885.r. 5
F & A Aug. 14,1895
do
620,000
A & 0 Apr. 10,1908
In the above statement the water debt is included in the total funded Intercepting sewer... ......1888 4
A & 0 Apr. 1.1911
335,000
....18 9 1 4
Market bonds
debt and in the net debt, as well as being given separately below.
A & O Apr. 10,1892 »200,000
...... 1872 7
Public school.
1892
13,000
___ 1891 4
The sinking fund receives yearly a sum equal to 5 per cent o f the
1893
13,000
....1891 4
original issue of bonds, and it is required by law that this amount o f
1894
14,000
.. .1891 4
the debt shall be annually retired.
»6,000
Reform school...................1873 7
J & J July 10,1893
M & S Mch. 1, 1909
....1879 6
180,000
Sewer.............
C IT Y P R O P E R T Y . —The city owns its water works, and received
do
............
....1 8 8 7 4
M & S Mch. 1, 1897
148,000
Street improvement.. ....18 7 9 6
M & s Mch. 1, 1909
270,000
from water rates in 1889 $279,521, against $268,827 in 1888.
M & N May 10,1906
do
do and sewer.1886 4
500,000
J <& J July 1, 1892 »137,000
A S S E S S E D VALUATION.—The city’s assessed valuation (about Tax arrearage............ ......1882 5
....1 8 8 3 5
122,000
do
J & J July 1, 1893
two-thirds cash value) and tax rate have been as follows in the years
do
....1 8 8 4 5
130,000
J & J July 1, 1894
nam ed:
do
....1 8 8 5 5
J & J July 1, 1895
112,000
P ersonal
To’ l Assessed Tax B ate
do
....1 8 8 6 4ia A & O Oct. 1, 1896
97,000
Year8.
B eal Estate.
Property.
Valuation, p 'r ^ 1,000
do
....1 8 8 7 4!a J & J July 1, 1897
75,000
1891............................ $93,799,955 $19,875,165 $113,675,120
21-59
do
....1 8 9 0 413 J & J
1900
28,000
1890 ........................
............
............
105,484,055
21-50
do
J & J July 1, 1898
61,000
....18 8 8 4
19,819,540 100,498,200
22-23
1889........................... 80,678,660
do
....18 8 9 4
51,000
J & J July 1, 1899
1887............
69,962,865
19,009,315
88,972,180
do
__ 1891 4
1901
34,000
14,229,596
55,875,969
1880............................ 41,646,373
Water debt—bonds issued by
M
&
N
May
1,
1892
650,000
the
Aqueduct
Board,1867-69
7
The tax rate in 1891 includes State tax, $1-28; county tax, $3-04.
do
50,000
do
7
F & A Aug. 1, 1906
school tax, $3-50; city tax proper, $13-77 ; total, $21-59 per $1,000.
do
F & A Aug. 1, 1897 100,000
do
....1877 6
do
M & N May 1, 1905 500,000
do
....1875 7
do
do
....1879 5
M & N May 1, 1909 100,000
P I T T S B U R G , P A .— Mr. H. I. Gourley is still Mayor of
do
1911
70.000
do
....1891 5
Pittsburg. The city is situated in Alleghany County and is responsible
do
do
....1885 4ia M & N May 1, 1915 215,000
indirectly for more than half of the county debt, which in January 1891
20,000
do
do
....1888 4ia M & 8 Mch. 6, 1918
20,000
do
do
J & D Dec. 2, 1908
....1888 4
amounted to $4,078,613. In 1880 the amount of capital invested in
1910
20,000
do
do
....1890 4
J & D
the iron and steel industries in this city was $25,190,000, against $52,do
M & N May 1, 1914
30,000
do
....1884 4
000,000 (estimated) for the year 1891. Pittsburg’ s outstanding bonded
12,000
do
do
M & N May 1, 1916
....1886 4
15,000
do
do
A & O Apr. 1, 1917
....1887 4
debt is given in detail in the following ta b le:
do
F & A Feb. 1,
do
....1892 4
1922 2,500,000
LO ANS,— Interest .—. ----------- P rin cip al. ----------- .
(s) All in the sinking fund.
NAME AND PURPOSE—
Bate. P a y ’ble. When D ue.
Outstand’g
A & O Apr. 1, 1910 $170,000
City building bonds, refunded. 5
IN T E R E S T — W H E R E P A Y A B L E —Interest is payable at the office
A & 0 Apr. 1, 1893
200,000
Fire department bonds............ 7
J & J July 1, 1909
148,000 of the City Treasurer and at local banks.
Funded debt bonds..................c 7
J & J July 1, 1909
352,000
do
do .......
r 7
T O T A L D EBT , S IN K IN G FUNDS, ETC—The subjoined statement
J & J Jan. 1, 1912
121,000 shows Newark’s total municipal debt, the sinking fund held by the city
do
do ..........
r 7
J & D June 1, 1913
115,000
Funded debt iinprov. bonds.c 5
J & D June 1, 1913 1,288,000 against the same, and water debt, on the first of January of each o f the
do
do
do r 5
J & D June 1, 1912
do
do
do .r 5
77,000 last three years:
J & D Dec. 1, 1915
Improvement bonds............... c 4
63,000
1892.
1891.
1890.
J & D Dec. 1, 1915 3,671,700 Total funded debt............... $10,854,000
r 4
do
do ........
$10,759,000
$10,933,000
A & O Apr. 1, 1910
Market bonds, refunded........ r 5
25,000 Sinking funds...................... 2,955,119
3,057,781
3,026,516
Municipal consol, bonds........ r 6g A & O Oct. 1, 1904
210,000
J & J Jan. 1, 1913 1,074,000
Railroad compromise bonds.. o 5
Net debt on January 1 .. $7,898,881
$7,701,219
$7,906,484
J <fc J Jan. 1, 1913
713,000 Water debt........................
do
do
do ..r 5
..........
3,572,000
3,552,000
J & J Jan. 1, 1913
do
do
do ..e 4
234,000
In the above statements the water debt is in each case included in the
J & J Jan. 1, 1913
do
do
do ..r 4
119,300
A & O Apr. 1, 1893
129,500 total debt and net debt, as well as being stated separately in the table»
Water bonds..................... . ...e 7
A & O Apr. 1, 1893
do
......................... ..r 7
96,300 for 1891 and 1890.
A & 0 Apr. 1, 1894
do
..............
••..« 7
108,500
The total debt in 1880 was $11,364,500; sinking fund assets, $2,294,A & O Apr. 1, 1894
............................ r 7
do
134,000
A & 0 Oct. 1, 1895
do
............................ c 7
146,100 468; net debt, $9,070,032.
A & 0 Oct. 1, 1895
do
............................ r 7
97,100
The entire receipts from the public markets are pledged to secure the
A & O Oct. 2, 1896
do
............
...c 7
451,600
A & 0 Oct. 2, 1896
do
............................ r 7
686,900 market bonds.
A & O Apr. 1, 1897
do
...........................r 7
40,500
The sinking fund receives each year an amount equal to] about 3 per
A & O Apr. 1, 1898
do
.........
o 7
65,000
A & O Apr. 1, 1898 2,327,000 cent of the bonds outstanding.
do
......
r 7
J & J Jan. 1, 1908
do
...........
r 6
300,000
C IT Y P R O P E R T Y . —The real estate and personal property owned
by the city on April 30,1890, was valued at $12,071,188.
(c) Coupon bonds.
(r) Registered bonds.
DEBT LIMITATION.—The city’ s debt is limited by law to 15 per
(g) Interest on the municipal consolidated bonds is payable in gold.
PAR V A L U E OF BONDS.—These bonds are in pieces of $25, $50, cent of the total valuation.
A S S E S S E D VALUATION.—The city’ s assessed valuation and tax
$100 and multiples of $100.
rate have been as follows, property being assessed at about four-fifth»
T A X FREE. —All issues of this city’s bonds are exempt from taxa actual value:
tion.
Total
Total
$
Total funded debt............................. $4,100,000 $3,651,000 $3,014,000
Sinking funds....................................
273,000
237,000
206,000
IN T E R E S T — W H E R E PA Y A B L E —Interest is payable at the City
Treasurer’s office in Pittsburg, at the Bank of America in New York
and at the office of Townsend, Whelen & Co. in Philadelphia.
Years.
B eal
Estate.
1 8 9 1 ...............$93,548,730
18 9 0............. 88,729,950
18 8 9 ........
82,011,340
1 8 8 0 ............ 65,733,315
Personal
P roperty.
$25,772,364
25,265,475
20,193,264
17,631,095
Assessed
Valuation.
$119,321,094
113,995,425
102,204,604
83,364,410
Tax p e r
$ 1 , 000 .
$18-2018-2G
T O T A L D EBT , S IN K IN G FUND, ETC.-The subjoined statement
shows Pittsburg’ s total municipal debt and the sinking fund held by the
city against the same on the 1st of February of each of the last four
Cambria County, Pa.—(S t a t e a n d C i t y S u p p l e m e n t , page
years.
72).—Owing to the fact that property in Cambria County was
1892.
1891.
1890.
1889.
Total funded debt
(incl. water bonds) $13,204,402 $13,204,402 $13,203,402 $13,203,252 taxed this year at actual value, the total valuation foots up to
. Sinking funds.......... 3,741,800 3,542,090
3,176,597 2,748,986 $20,000,000 for 1892, as compared with $5,500,000 for last year
and $2,517,000 for the year 1880.
Philadelphia, Pa.—(S t a t e a n d C i t y S u l p l e m e n t , page
75.)—This city’s total income last year from a tax rate of
D E B T LIMITATION.—Pittsburg’s debt is limited by law to 7 per $18*50 per $1,000 was $12,130,944-25. The total valuation of
cent of the assessed value of real estate.
taxable real estate was $710,641,167.
A S S E S S E D VALUATION.—The city’s assessed valuation (about 80
St. Louis, Mo.—(S t a t e a n d C i t y S u p p l e m e n t , page 121.)—
per cent of cash value) and tax rate have been as follow s:
The following statement of the assessed valuation o f taxable
B eal
P ersonal
Total Assessed B ate o f Tax property in the city of St, Louis has been made to the State
Year.
Estate.
P roperty.
Valuation.
p e r $1,000.
18 9 1 .............$205,046,742
$2,316,455
$207,363,197
$15-00
Auditor by the Board of Assessors:
Net debt on Feb. 1. $9,462,602 $9,662,302 $10,026,805 $10,454^266
The city has no floating debt. The sinking fund receives yearly about
$400,000.
1890.............198,580,267
1,873,359
200,453,626
1889............ 137,898,928
1,248,109
139,147,037
1888............ 132,266,000
2,445,124
134,711,124
1886............ 129,881,096
1,774,936
131,656,032
1885............ 108,530,608
3,000,000
111,530,608
1884............ 105,404,720
1,838,258
107,342,978
The assessed valuation for 1892 has not yet been reported,
estimated that the total will reach $245,000,000.
15-00
W IT H IN T H E O LD C IT Y L IM ITS.
........
Real estate......................... L.................................................... $194,868,470
18*00
35,527,700
.........Personal property........................ .......... .......................... .
13-00
Total valuation within old limits...................... ............. $230,396,170
16-00
W IT H IN T H E N E W L IM ITS.
but it is
Real estate.............. ............... ................................................ $45,130,960
Personal property.... .................. .......................................
3,225,310
N E W A R K , N. J .— Mr. Joseph E. Haynes continues to officiate
as Mayor of this city. Newark is situated in Essex County and is
indirectly responsible for about five-sevenths of the county debt, which
amounted in 1891 to $1,131,286. The details of the city’ s bonded
debt are as follows :
i
Total valuation of newly-added district..........................- $48,356,170
Grand total for 1892........................... ............... ........ ......... .$278,752,440
Grand total for 1891................... ............................... x .......... 252,031,820
increase during the year 1 8 9 1 . . . . . . . . . .. . . ...... ............. $26,720,620
Increase of revenue, $250,000.
TH E
380
CHRONICLE.
Tacoma, Wash.—(State and City Supplement, page 152.)—
It is estimated by the city assessor that the tax valuation of
Tacoma this year will reach $45,000,000. The rolls are now in
process of completion.
B o n d P ro p o s a ls a n d Nfegotiatlons.—W e have re
ceived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
Alliance, Ohio.—(State and City Supplement, page 84.)—
This city has sold 6 per centrefunding bonds to the amount of
$35,000. The purchasers were Messrs. Seasongood & Mayer
o f Cincinnati.
Baltimore, Md.—(State and City Supplement, page 80).—
The Maryland House of Delegates has passed.a bill-authorizing
the city of Baltimore to issue new bonds to the amount of
$5,000,000.
Brockton, Mass.—(State and City Supplement, page 23).
—W e are informed by D. W . C. Packard, City Clerk of Brock
ton, Mass., that a sewer loan to the amount of $300,000 is
under consideration, but no bonds have as yet been author
ized.
Burlington, Iowa.—(State and City Supplement, page
115). The finance committee of Burlington has been author
ized to negotiate with the holders of the 8 per cent sinking
fund bonds of 1870, and if possible to purchase and refund
them. The amount of these bonds outstanding is $65,000, and
they do not fall due until 1896.
Balias, T exas.- (State and City Supplement, page 180.)
—The city of Dallas has sold refunding bonds issued under
date of July 11891 to the amount of $60,000. The purchasers
were Messrs. Spitzer & Co. of Toledo, Ohio.
Fargo, North Dakota.—(State and City Supplement, page
123). This city has sold $40,000 of 6 per cent water bonds, due
in 1911, to Messrs. Farson, Leach & Co., o f New York. The
most recent data concerning the debt and valuation of this
city is as follows :
Tax valuation............... $2,919,609 Sinking funds.......... .......... $24,000
Total debt.....................
224,000 Net debt........ ..................... 200,000
Water debt (included)..
88,000 Population in 1890 w as... 5,664
Madison, Wis.—(State and City Supplement, page 108).
—The statement for this city in our Supplement shows that
M IS C ELLA N EO U S ,
$ 100,000
Seattle, Washington,
S C H O O L 5s.
DUE JA N U A R Y, 1910.
Interest January and July 1, at New York City.
A sse sse d v a lu a tio n ( 1 8 9 1 ) .......$ 4 4 , 6 0 7 , 1 6 5
NEW YO RK ,
2 W a l l S tr e e t.
Lombard Investment Co.
C apital, F u lly P a id , $ 4 ,0 0 0 ,0 0 0 .
/jo /
O /o
j 1st Mo tgage Gold Bond?.
( Gold Debenture Bond?.
’Y % 1st Mortgage Gold Bonds.
3
And | 0 %
National Bank Stocks,
Call or write for information.
Newburg, N. Y. (State and City Supplement, page 54.)—
On February 17 proposals were opened in the city or Newburg
for $20,000 o f 4 per cent water bonds, due in 1922. The award
was made to Messrs. Jones & Faile, of New York.
Oakland, Cal.—(State and City Supplement, page 148.)
—On February 13th we mentioned in this column certain ob
jections which were made by prominent citizens of Oakland
to a proposed new bond issue. Notice was also taken of the
fact that at a meeting on February 1 resolutions were adopted
protesting against the calling of a bond election. W e are now
informed that these protestations have been waived by the
Council, the bond ordinances have been finally passed, and the
election will take place on April 2nd, 1892.
Providence, R. I.—(State and City Supplement, page 37.)
—The $1 000,000 loan of city of Providence 4 per cent 30-year
bonds, which was offered for sale on Saturday, Feb. 20th, was
awarded to Spencer Trask & Co. and R. L. Day & Co., of Bos
ton, at 108*289.
City Treasurer D. L. D. Granger has sent us a list of the
bids received for thi3 loan, and we give th e same below.
Spencer Trask & Co. and R. L. Day & Co. bid 108’289 per
cent for $1,000,000, Brewster Cobb & Estabrook bid 108‘07 per
cent for $1,000,000, Blake Bros. & Co. bid 107 ‘657 per cent for
$1,000,000, Kidder, Peabody & Co. and E. Rollins Morse &
Bro. bid 106*54 per cent for $1,000,000, F. H. Prince & Co. bid
107*256 per cent for $500,000, Suffolk Savings Bank bid 107*01
per cent for $250,000, Suffolk Savings Bank bid 106*97 per cent
for $250,000, Suffolk Savings Bank bid 106*91 per cent for
$250,000, Coffin & Stanton bid 101*925 per cent for $250,000,
New Bedford Institution for Savings bid 108*09 per cent for
$100,000, Lamprecht Bros. & Co. and Chamberlain Burdett &
Co. bid 106*38 per cent for $500,000, Morgan & Bartlett bid
CH IC A G O .
J.
BANKERS,
C H IC A G O , I L L .
Street Railway Bonds and other high grade in
vestments.
C A P I T A L A N D S U R P L U S , ■ $ 3 ,2 5 0 , 0 0 0
1 4 3 S U P E R I O R S T ., C L E V E L A N D .
1 0 W A L L S T ., N E W Y O R K .
7 E X C H A N G E PLACE, BOSTON.
Cable Address, "KENNETH.”
Lamprecht Bros. & C o.,
FARSON, L EA C H & CO.,
C H IC A G O ,
7 3 D e a rb o rn S tre e t.
Missouri, State.—(State and City Supplement, page 118).
—One hundred Missouri 3}^ per cent bonds due March 1,1907,
and subject to call March 1, 1892, are called for payment.
These bonds will be redeemed on March 15 1892 at the Na
tional Bank of Commeree, New York. Interest will cease on
and after that date. The bonds called are those numbered
from 1,351 to 1,450, inclusive.
Hayes & Sons, Illinois Trust & Savings
Bank.
Dealers in MUNICIPAL BONDS.
W.
Real valuation........................ 60,060,000
Total bonded school debt.........
350,0UO
Total value school property........................ 450,060
POPULATION (Census 1890)..........43,914
The debt of the district is limited to 5 per cent on
the assessment.
Price and particulars on application.
$55,000 of the 5 per cent water bonds mature on April 1, 1892.
These bonds are in pieces of $500 each, and forty-three of
them have been drawn for redemption. The remaining
$32,000 will be refunded.
OHIO.
j
BANKERS,
MUNICIPAL
BONDS.
Cleveland, O hio, P erry-P ayn e B ’ ld ’ g
B o sto n , M a ss., 53 State Street.
N ew Y o r k , 11 W a ll Street.
W . T. IRWIN.
FRANK ELLIS.
SUCCESSORS TO
Morehead, Irwin & Co.,
NO.
Stock, Bond and Note Brokers,
51
Bullitt Building,
BOSTON.
PHILADEPPHIA.
FISH E R
&
SHAW ,
W EST
TH IRD
STREET,
CINCINNATI, OHIO.
B a ltim o r e , M a r y la n d ,
ST. LOUIS.
Sa m ’ l a . Ga y l o r d ,
INTEREST ALLOWED ON DEPOSITS.
This Bank is directly under the jurisdiction and
supervision of the State of Illinois, is a LEGAL
DEPOSITORY for Court Moneys, and is authorized
to act as TRUSTEE. EXECUTOR. RECEIVER and
ASSIGNEE for ESTATES, INDIVIDUALS and
CORPORATIONS.
OFFICERS:
John J. Mitchell, President.
John B. Drake, Vice-President.
Wm. H. Mitchell, Second Vice-President,
Wm. H. Reid, Third Vice-President.
James S. Gibbs, Cash’r. B. M. Chattel}, Ass’t Cash’r.
DIRECTORS:
John McCafTery,
John B. Drake,
L. Z. Letter,
Wm. H. Reid,
Wm. H. Mitchell,
John J. Mitchell,
Wm. G. Hibbard,
J. C. McMullin,
D. B. Shipman,
J. Ogden Armour,
Frederick T. Haskell.
F. H. BALLMANN
Irwin, Ellis & Ballmann,
150 B R O A D W A Y, NEW Y O R K .
205 Sears Building*
[V ol . L IY .
jn o . h
. b l e s s in g .
Union National Bank,
C H IC A G O .
P a id -u p C apital.
Su rplu s,
-
-
$ 2 ,0 0 0 ,0 0 0
7 0 0 ,0 0 0
A regular Banking Business Transacted. Accounts
of Banks and Bankers, Mercantile and Manufacturing
Firms or Corporations, received on favorable terms.
Foreign Exchange Bought and Sold. Commercial
and Travelers’ Credits, available in all parts of the
globe, issued. Telegraphic Transfers made with ail
principal European and Domestic Points. United
States and other first-class Investment Bonds dealt in.
CORRESPONDENCE SOLICITED.
Gaylord, Blessing & Co., Herman Schaffner & Co.
B A N K E R S AND B R O K E R S ,
S T . L O U IS .
D E A L ERS IN
BANKERS,
W E S T E R N SECURITIES A N D
M U N IC IP A L
BO NDS
HIGH
GRADE
MUNICIPAL
BONDS
S. W . Cor. D earborn A M a d iso n Sts.,
A N D IN T H E
Ed w a r d s W h it a k e r .
Issues of Corporations Possessing
Strong Municipal Franchises.
Ch a r l e s H o d o m a n
Whitaker & Hodgman,
BOND AND STOCK BROKERS,
CASH ORDERS EXECUTED
ON THE
BALTIMORE STOCK EXCHANGE.
C O M M E R C IA L P A P ER ,
A SP E C IA L T Y .
C H IC A G O , IU L .
ATLANTIC MUTUAL INS. CO. SCRIP
D e a lt in by
3 0 0 N orth F o u rth Street,
AUGUSTUS F L O Y D ,
S T . L O U IS .
3 2 PINE STREET, NEW YO R K .
February 37, 1893. j
TH E
CHRONICLE.
381
104*51 per cent for $500,000, Robert Winthrop & Co. bid 102*26 week from L. Wilkinson, County Treasurer, This county was
per cent for $100,000, Jones & Faile bid 100*65 per cent for not reported in our recent S u p p l e m e n t .
--County seat is Garden City.
Rockingham County, Ya.—(S t a t e a n d C i t y S u p p l e m e n t ,
LOANS—
When Due. Tax valuation, real.......$1,437,820
R e d e m p t io n B on d s—
page 159.)—The Board of Supervisors of Rockingham County
Tax valuation, personal 419,009
6s,
F&A,
$
2
5
,0
0
0
....Feb.
21,1917 Total valuation 1891... 1,856,829
have issued a notice to all persons holding bonds of the county
6s, J&D, 15,000__ June 1', 1919 Assessment about 23 actual value
which matured on June 30 1891. The notice states that the Bonded debt Feb. 1892....$40,000 State tax (per $1,000)........... $4 30
bonds mentioned should be presented for payment at the First Floating debt..................... 2,500 County tax (per $1,000)........16 00
National Bank of Harrisonburg, Va., before the first day of Total debt............................ 42,500 Average school ta x ................ 17 00
Population 1890 w a s ...___..‘3,350
April, 1892. The bonds will cease to bear interest on that date.
INTEREST is payable at the Kansas Fiscal Agenoy, New York.
Salem, Mass.—(S t a t e a n d C i t y S u p p l e m e n t , page 32 )—
Maine—Hallowell.—(S t a t e a n d C i t y S u p p l e m e n t , page
The Massachusetts Legislature has authorized the city of
Salem to refund its indebtedness in sums not exceeding $160,- 12)—The following report, sent us by C. K. Tilden, City Treas
000 and for terms not exceeding thirty years.
urer, furnishes many details which were omitted in the state
Talladega, Ga.—This city has recently sold bonds in New ment of Hallowell’s debt, published in our recent Supplement .
York to the amount of $20,000.
Hallowell is in Kennebeck County.
Ulster County, N. Y. (S t a t e a n d C i t y S u p p l e m e n t , page
LOANS—
When Due.
Ci t y N o t e s —
B
r id g e B on d s—
59.)—This county has recently sold $140,000 of refunding 4
6 s, F&A,
$1,200........On demand
7s, J&D, $1,500........... $500 yearly 6 *.
200........ On demand
per cent bonds, due in 1904. interest on the bonds is payable
C e m e t e r y B on ds—
5s,
Feb.
15,
1,000.........On demand
annually. The prices paid were from 104*40 to 104*70.
6 s, F&A, $3,500....... Feb. 15,1893
Bonded debt Mar. 11891.. $21,400
($500 due yearly) to Feb. 15,1999 Floating debt....................
2 ,1 1 2
Waco, Tex. (S t a t e a n d C i t y S u p p le m e n t , page 182.)—
R e f u n d in g B o n d s—
23 5 1 a
debt.......................
This city recently awarded $100,000 of bonds to the North 5s, F&A, $2,000........$1,000 yearly Total
Assets................. ......... ;
5 875
Sch o o l B on ds—
western Mutual Life Insurance Company of Milwaukee, Wis.,
Net debt Mar. 1 1891___
17,637
M&S, $ 5,500........$500 yearly
Tax valuation 1891.........1,603,520
at 95. Owing to some technicality the bonds were not accept 5s,
5s, J&J, 1,500........ July 1,1891
Assessments same as actual value.
ed, and negotiations are still in progress.
($500 due yearly) to July 1,1893
STATE AND CITY DEBT CHANGES.
We subjoin reports as to municipal debts received since the
publication last week o f our S t a t e a n d C i t y D e p a r t
m ent .
Some of these reports are wholly new and others cover
items of information additional to those given in the S u p p l e
m en t , and of interest to investors.
Iow a—Lee County—(S t a t e a n d C i t y S u p p l e m e n t , page
116).—W e give below the debt statement for Lee County, cor
rected to date by C. J. Montandon, County Treasurer.
County seat is Fort Madison.
f
LOANS
When Due.
C o m p r o m is e B o n d s
6s, M&S, $712,100....Mar. 1, 1895
Total debt Jan. 1 1892. $712,100
20,000
Sinking fund..................
Net debt..........................
692,100
Tax valuation, real....... 7,714,793
Tax valuation,personal.$2,168,779
Total valuation 1891... 9,883,572
Assessment is 2-5 actual value.
State tax (per $1,000)___
$2 00
County tax (per $1,000)........ 15 07
Population i890 was........... 37,715
Population 1880 was........... 34,859
Kansas—Finney County.—The following statement of the
debt and valuation of Finney County has been received this
CH ICA G O .
Total tax (per $1,000)......... $20 00
4s, M&N, $5,000........ Nov. 1, 1903 Population 1890 w as............3,181
($1,000 due yearly) to Nov. 1,1907 Population 1880 was..............3,009
INTEREST on the 4 per cent school bonds Is payable In Boston: on
all others in Hallowell, Me.
Massachusetts—Middlesex
County.—(S t a t e
and
Ci t y
page 29.) The following statement of the
finances of Middlesex County was received this week from J.
O. Hayden, County Treasurer.
County seat3 are Lowell and Cambridge.
Su p p l e m e n t ,
„LOANS—
When Due. I Total debt Jan. 1,1 89 2 .. $130 000
H Appraised value Co.prop.l,315^000
IIP t ’ I v ’nAA........ On demand |Tax valuation 1891.. .359,100,512
3^28, J&J,
........ On demand County tax iner $1.00m
« 7 *0
3^8, J&J, 30,000.......Jan. 1,1894 |Population fit1890 was.'.*.431,167
INTER EST is payable at the office o f the County Treasurer.
4 sBUI8 entiG$3 OOO
Minnesota Stevens County.— (S t a t e a n d C i t y S u p p l e
page 114) -W e have received from Stevens County this
week the following report o f its bonded debt, given in detail.
County seat is Morris.
m ent,
LOANS—
When Due.
R a il r o a d B onds—
Co u r t H o u s e B o n d s —
s, Jan. 1, $80,000....Jan. 1,1893
6 b, July 1, $30,0 0 0 ....July 1, 1904 8
Bonded debt Dec. 1891..$110,000
Population 1890 was............. 5,251
CH ICA G O .
CH IC A G O .
Title Guarantee & Trust The Jennings Trust C o.,
The Merchants’ Loan &
Company
*
185 D E A R B O R N ST*, C H IC A CO.
1
J
TSSsSISSgE.
Trust Company,
=
"
lO F
CH ICAGO,]
“
L 82» 9 4 & 9 6 W ASHINGTON S T R E E T ?"
C apital, paid-u p..........................$ 1 ,6 0 0 ,0 0 0
Undivided earning«, including
surplus............ ............................
2 2 0 ,0 0 0
D eposited w ith State A uditor. .
2 0 0 ,0 0 0
GUARANTEES TITLES TO REAL ESTATE.
Offers in vestors in rea l estate securities
protection afforded by no other system o f
doing business.
Is authorized by law to act as Registrar of Stocks
and Bonds, Executor, Receiver and Trustee for
Estates, Syndicates, Individuals and Corporations.
Trust moneys and trust securities kept separate
from the assets of the Company.
CORRESPONDENCE ¡SO LIC ITE D .
C A PIT A L, PAID UP, - S U R P L U S,
- ..............
$500,000
$25,000
NEGOTIATES GROUND RENTS in the CitT of
Chicago. Takes entire Chaffee of estates. Acts as
agent for the registration ahd transfer of bonds and
stocks and the payment of coupons, interest and
dividends. Authorized by law to receive and execute
trusts of every character from courts, corporations
and individuals. A legal depository for court
trust funds.
INTEREST ALLOWED ON DEPOSITS of money,
which may be made at any time and withdrawnAfter
five days’ notice, or at a fixed date.
TRUST FUNDS AND TRUST INVESTMENTS
are kept separate and apart from the assets of the
Company.
DIRECTORS.
.
. 1 OFFICERS:
AZEL F. HATCH,
CHAS. H. HULBURD,
GWYNN GARNETT, President.
ANDREW C. LAUSTEN
A. H. SELLERS, Vice-President. M. W. KERWIN.
SAAC N. PERRY,
MAURICE ROSENFELD
ARCHIBALD A. STEWART, Secretary.
SAMUEL D. WARD,*
CHAS. R. LARRABEE, Treasurer. J. R. WALSH,
OTTO YOUNG.
DIRECTORS:
Gwyrnf Garnett,
Chas. W. Drew,l
OFFICERS.
W. -D. Kerfoot
j 0hn P. Wilson,
t
Geo*8eC. Walker,
Edson Keith,
I. R. WALSH, President.
t
John G. Shortall,
Geo. M. Bogue.
ISAAC N. PERRY, Vice-President.
John DeKoven,
a . H. Sellers.
Samuel B. Chase.
SAMUEL D. WARD, Treasurer.
LYMAN A. WALTON, Cashier.
COUNSEL:
W. C. Goudy,
FRANKLIN HATHBWAY. Secretary
John P. Wilson,
A. W. Green,
A. M. Pence,
J. B. Bresse, Member New York Stock Exchange
D. M. Cummings, Member Chicago Stock Exchange.
Breese & Cummings,
B A N K E R S AND B R O K E R S,0
111 A N D 1 1 3 M O N R O E STREET
CHICAGO
Securities listed in New York, Boston or Chicagi
earned on conservative margins. Lake Supern»
Iron Mining Stocks dealt in.
A. O. SLAUGHTER, Member N. Y. Stock Exchange.
WM. V. BAKER, Member Chicago Stock Exchange.
A . O. Slaughter & C o.,
BANKERS,
1 1 1 -1 1 3 L A S A L L E S T R E E T ,
C H IC A G O , IL L S .
Chicago Securities Bought and Sold.
BANK
C H IC A G O .
Corner D earborn a nd W ashington Streets,
E S T A B L IS H E D 1 8 5 7 .
Capital (paid I n ) . a n
nnn «ma
Surplus and undivided pr »fits... 1,500’,00
J. W. DOANE, President.
$ 3 ,5 0 0 ,1 0 0
ORSON SMITH, Second Vioe-l?®sid2StPreSldent,
F. N. WILDER, Agals?amCa8hier.atller‘^
MARSHALL FIELD;U8L
DOANE.
C. H. MCCORMICK,
P. L. YOB.
JOHN DE KOVENf.
GEO.
M. PULLMAN.
ALBERT KEEP.
A. H. BURLEY.*
JOHN TYRRELL,
B.
T.
WATKINé,
LAMBERT TREE,
„ER8KINE
„ UUiU, M. PHELPS.
ORSON SMITH.
Ban kino* in all its Branches Transacted.
Foreign exchange bought an sold.
Ttovwot Letters o f Credit and Commercial
£ t t h ! woU
r!dd: ac ^ r V n T e M e C.,tle ,‘ thr° U« h________ J» G. ORCHARD. Mgr Foreign Dept.
I. H . Waggoner,
.
STOCK B R O K E R ,
Solicits Business in
CHICAGO LOCAL SECURITIES.
Bank, Gas, Street Railroad Stocks and Bonds Tela’
phone and Industrial Securities.
"
1 7 9 L A S A L L E ST R E E T, CH ICAGO.
W
SSSoS
Ü
Bought and Sold.
Send for L ists.
G E O . A . L E W I S A CO ., B a n k e r s ,
1 3 2 L A S A L L E ST R E E T , CH ICAG O .
THE
382
CH R O N ICLE
[V o l,
1
( iottg u ,
Walter T. Hatch,
H enry Prescott Hatch,
A rthur Melvin Hatch
Members of N. Y. Stock and Produce Exchangee.
IN M A N , S W A N N & C o
W . T . Hatch & Sons,
COTTON MERCHANTS
Dealers in investment stocks and bonds.
Personal attention given at the N. Y. Stock Ex*
change for the purchase and sale on commission or
stocks and bonds for cash or on margin.
Interest allowed on deposits, subject to draft at
MERCHANTS'
14 Nassau Street, New York.
16 T O 22 W IL L IA M S T R E E T ,
MEW
YORK.
M ew Y o r k .
tig h t.
COTTON OF ALT, GRADES SUITABLE TO
WANTS OF AMERICAN SPINNERS.
s t e r n a Co.,
New Orleans, La.
L lS M A N ,
L
, D u r r k Co.
Montgomery, Ala.
Henry Hentz & C o.,
ehm an
LEHMAN
BROS.,
t O M M I S S lO X M E R C H A N T S ,
No. 40 Exchange Place,
COMMISSION
MERCHANTS,
1 6 t o 2 2 W i l l i a m S tre e t, N e w Y o r k .
EXECUTE ORDERS FOR FUTURE DELIVERY
CO TTO N
at the NEW YORK, LIVERPOOL AND NEW OR
LEANS COTTON EXCHANGES. Alao orders for
NEW Y O R K .
C O F F E E
arElvrR-RRK o f THE STOCK, COTTON, COF
FEE AND PRODUCE EXCHANGES,
at the NEW YORK COFFEE EXCHANGE, and
N
ew
Y
o rk
.
G R A IW
AM D
P R O V IS IO N S
at the NEW YORK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TRADE.
Messrs. Smith, Edwards k Co., Cotton Brokers,
Liverpool,
Jas. Lea McLean k Co.. New Orleans.
STRAUSS k CO„
Barannah and
New Orleans.
Hubbard, Price & C o.,
STRAUSS k CO.,
Manchester, and at prtncipal. Cotton Centres
on the Continent.^
COTTON
&
C O .,
MERCHANTS
4 8 B R O W N ’ S BUILDINGS,
LIVERPOOL.
Special attention given to correspondence with In
terior Cotton Merchants and Buyers for the pur
chase and sale of Cotton both on spot and for future
delivery.
Crenshaw & Wisner,
1 6 Sc 18 E x c h a n g e P l a c e , N e w Y o r k .
THE HAXALL CRENSHAW CO.,
RICHMOND. VA.
Standard Brands of Flour for Shipment to Warm
Climates always on hand.
ORIENT MANUFACTURING CO.,
ORIENT, L. I.
Standard Superphosphates.
Hopkins, Dwight & C o.,
BANKERS AND BROKERS*
BOSTON,
M ASS.
HIGH GRADE INV EST ME NTS
Members of New York and Boston Stock Exchanges
General Commission Merchants.
M em bers N ew Y o r k C o tto n E x ch an ge, N ew Y o r k
P r o d u ce E x ch a n ge , N e w Y o r k Coffee E x ch an ge,
C h icago B oa rd o f T rad e.
O rders e x e c u te d o n a n y o f th e a b o v e E x ch an ges,
also fo r p urchase an d sale o f c o tto n f o r fu tu r e d e
liv e ry m N ew O rleans and L iv e rp o o l. L ib e ra l a d
v a n ce s m ade o n c o tto n consignm ents.
PR IC K , It KID Ac tO .,
Nortulk, Va.
PR IC E , R E ID & ADAMS, Lim ited.
Charleston, 8. C.
E x e cu te ord e rs f o r c o t to n fo r fo re ig n and d o m e stic
shipm ent.
J.
O. B lo ss.
G eo.
H.
C h u r c h , S p e c ia l
J, O. BLOSS & C O .,
COTTON
MERCHANTS,
The Short Electric Rail
way Company.
Gearless,Single Reduction
AND
22 W illia m Street,
NEW Y O R K .
Double Reduction Motors.
W . D. Rountree & C o.,
SLOW SPEED, MULTIPOLAR RAIL.
COMMISSION MERCHANTS.
COTTON E X CH A N G E BUILD IN G , NEW
Y O R K , and N O R FO L K , VA.
COTTON, COFFEE, GRAIN, PROVISIONS AND
STOCK8.
Orders executed in New York, Chicago &Liverpool
SULPHUR MINES COMPANY
OF VIRGINIA.
High-Grade Pyrites, free from Arsenic.
H, Prince & Co.,
COTTON EXCHANGE BUILDING,
NEW Y O R K .
C O M M ISSIO N M E R C H A N T S .
Members of the Cotton, Coffee and Produce Exch’s.
AGENCY OF
F.
Co r r e s p o n d e n t s :
\ Orders executed on the above Exchanges as well
M in New Orleans, Chicago and foreign markets.
STR A U SS
-*sa o K m
ffitratcciaX.
_________
W OODW ARD
& S T IL L M A N ,
LIV,
-------- -----
WAY DYNAMOS.
LINE APPLIANCES FOR COMPLETE
OVERHEAD CONSTRUCTION.
Geo. H . McFadden & Bro.
COTTON
MERCHANTS.
CLEVELAND,
OHIO.
P H IL iB E L P H I A .
COTTON. COTTONSEED O IL
AND
LIVERPOOL CORRESPONDENT*.
SOUTHERN PRODUCE
F H E n E R T t l X E R E O A Sc CO.
COMMISSION MERCHANTS,
R eem Sid, Cotton Exchange B uilding,
NEW YORK
Gustavus C. Hopkins.
Charles D. Miller.
Luclns Hopkins Smith.
Samuel Hopkins.
Bliss, Fabyan & Go., #
NEW Y O R K , BOSTON, P H IL A D E L P H IA
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
BRO W N
and BLEACH E D S H IR T IN G
and SHEETINGS,
PRINTS, DENIMS, TICKS, DUCKS, *0.
T ow els, Quilts, W h ite G oods and H osiery
B A N K E R S AM D B R O K E R S ,
W M . FRA N KLIN H A LL
BOOKS
AGCOTOTMT AUDITED
New forms designed for books of act ount.
Settlement of Insolvent Estates.
418 Exchange Building, 63 State Street Boston.
Fifth Avenue Hotel,
M a d is o n S q u a r e , N E W Y O R K .
The largest, best-appointed and most liberally
managed hotel In the city, with the most central
and delightful location.
HITCHCOCK, DARLING k CO.
DriUs, Sheetings, the., Tor Export Trade.
Geo. Copeland & C o.,
COTTON BROKERS,
I t i P RAH L STR EET, N E W Y O R K .
Way land Trask & C o.,
18 W a l l S tre e t, N e w Y o r k .
Transact a general banking business, including
the purchase and sale on commission of seouritie
dealt In at the New York Stock Exchange.
W A T LAND TRABE,
THEODORS BALDWIN,
ALFRED N . RANKIN.
American Exchange Bank,
S T . L O U IS , M O .
Capital, - 8 3 0 0 ,0 0 0 |Surplus, - 8 3 0 0 ,0 0 0
PETER NICHOLSON, President.
ALVAH MANSUR, Vice-President.
WALKER HILL. Cashier
We send Items d i r e c t to every banking point i n
this State.
_____
E. D. Shepard & C o.,
Massasoi t H o u s e ,
{SUCCESSORS TO
Fi e l d , m / ^ s.
THE BEST-APPOINTED HOUSE IN WESTERN
NEW ENGLAND.
Convenient for the tourist or business man. Near
Union Depot.
_
W . H . C H A P IN .
D R E X E L B U ILD IN G , B R O A D ST ., N. f 1
s p r in g
A U G . T. P O S T , Banker,
State, County and City Bonds.
@FedFRASER