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W íífe lg
fjk t M p K p « * ,
&EPRESENTING TH E IN D U ST R IA L A N D COMMERCIAL IN TERESTS OP TH E U N ITE D STA TES.
[Entered according to A ct o f Congress, in the year 1892, by W m . B. D ana & C o., in the Office o f the Librarian o f Congress, W ashington, D. a ]
N E W Y O K E . F E B R U A R Y 6, 1892.
V O L . 54.
N O . 1,389.
Ifitm ttciaX.
fin a n c ia l.
. A M E R IC A N
Bank Note Company,
78
TO
86 TRINITY PLACE,
NEW Y O R K .
SO LID
S IL V E R .
GORHAM
M ’f ’g Co.,
B u sin e ss F o u n d e d 1 7 95.
Incorporated under Laws o f the State o f Sew York, 1868.
R e o r g a n iz e d 18 7 9 .
E
ngravers a n d
P
Broadway & 19th St.,
r in t e r s o f
BO N D S, PO STA CE& R EV EN U E STA M P S,
L E G A L T E N D E R A N D N A T IO N A L B A N K
■NOTES o f th e U N IT E D " S T A T E S ; an d fo r
F o re ig n G o v e rn m e n ts.
EN GRAVING AND PRINTING,
b a k e :n o t e s , s h a r e c e r t if ic a t e s , b o n d s
F O R G O V E R N M E N T S A N D C O R P O R A T IO N S ,
D R A F T S , C H E C K S, B IL L S OF E X C H A N G E ,
■STAM PS, «fee., In t h e finest an d m ost a rtistic s ty le
FR O M STEEL PLATES,
AND 9 MAIDEN LANE.
THE
National
SA FETY PA PERS.
W o r k E x e e n te d in F ir e p r o o f B u ild in g s .
LITHOGRAPHIC AND TYPE PRINTING.
« A I L W A V T I C K E T S O F IM P R O V E D STYLES.
S h ow Cards, L a b e ls , Calendars#
JAMES MACDONOUGH, President.
THEO. H. FREELAND, Sec’y and Treas.
JNO. E. CURRIER, Ass’t Sec’y.
J. K. MYERS, Ass’t Treas.
John L. Williams & Son,
B A N K E R S,
A N D D E A L E R S IN
f
S O U T H E R N IN V E S T M E N T S ,
R IC 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 B u 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
MANUAL O F IN V EST M EN T S
largest work o f the land published by any Banking house in
Am erica. Gratis to clients < correspondents; toothers, $3 a copy
&
“ iMost 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 are
described with a clearness and minuteness o f detail of great value
•to investors.” —N. Y. Joum . o f Commerce. “ A complete financial
-nnd industrial record of the Southern States.” —N. O. Times-Dem.
**We know o f no other work to compare with this Manual for the ex
tent and variety of information it contains.” —Money, Lon., Eng.
T H E F O U R T H N A T IO N A L
B A N K OF T H E C IT Y O F N E W
YORK
OFFERS
TO
DE
P O S IT O R S E Y E R Y F A C IL IT Y
W H I C H T H E I R B ALAN C ES,
BUSINESS AN D
R ESPO N SI
B IL IT Y W A R R A N T .
Walter Del Mar & Co.,
Members New York Stock Exchange'
76 OLD BROAD STREET
LONDON, E. C.
SIO U X C IT Y , IOWA.
IN CORPORATED 1885.
C A P I T A L , P a id Up in C a s h __ $ 1 ,0 0 0 ,0 0 0
S U R P L U S ....... .................................
1 7 5 ,0 0 0
DEALERS IN HIGH GRADE COM
MERCIAL PAPER,
A su p p ly o f w h ic h it a lw a y s h a s on ha n d fo r
s a le at C u rren t R a te s .
M U N IC IP A L , C O R P O R A T IO N A N D
S C H O O L B ..N D S .
N o S tr o n g e r L o a n and T ru st C om pan y in
th e W e s t. C o rresp on d en ce S o licite d .
G E O . L . J O Y , P re s .
A . » , G A R R E T S O N , V ic e -P ie s .
E . R . S M I T H , Sec’ y.
P ro m p t A tte n tio n G iv e n to C o lle ctio n s .
H I. N i c h o l a s ,
W . C. T a y l o
$ 2 , 000,000
C a p it a l,
-
S u r p lu s ,
$ 2 ,5 0 0 ,0 0 0
r
,
Members N. Y. Stock Exchange.
ACCOUNTS SOLICITED.
J. S. Nic h o l a s ,
M. Ma y e r .
H , I. Nicholas & Co.,
B A N K E R S AND
INVESTMENT
BU Y AN D
AUG. D. SHEPARD,
i Vice-Presidents
TOURO ROBERTSON, [Vice-Presidents.
Bank
OF N E W Y O R K .
With SPECIAL SAFEGUARDS to PREVEST COUNTERFEITING.
S p ecia l p a pers m a n u fa ctu re d e x clu siv e ly f o r
use o f th e C om p any.
B A F E T Y C O LO R S.
Park
Union Loan & Trust Co.
BROKERS.
SECURITIES A SPECIALTY.
11 W all Street, New York.
SELL FOREIGN EXCH ANGE.
Superior Facilities fo r Collections.
S A F E T Y D E P O S IT
V A U LT S
E Q U A L T O AN Y IN T H E
C O U N TR Y.
Eb 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 eo rg e S. H ic k o k , Cashier.
E d w a r d J. B a l d w i n , Ass’t Cashier.
DIRECTORS.
Arthur Leary,
Charles Stembach,
Eugene Kelly,
Charles Scribner,
Ebenezer K. Wright,
Edward C. Hoyt,
Joseph T. Moore,
Edward B. Poor,
Stuyvesant Fish,
W. Rockhill Potts,
George S. Hart,
August Belmont,
James H. Parker,
Bichard Delafield,
Wilson G. Hunt.
William A . Lombard,
150 B R O A D W A Y, NEW Y O R K .
Offers for sale Choice Bonds and Mortgages.
A SPECIALTY-NEW YORK CITY & COUNTRY
BANK
STOCKS,
N ettin g P u r c h a s e r s 4 to 1 0 P e r C ent.
SEND FOR QUOTATIONS.
Eq u ¡table M ortgage Co.
Cahoone & Wescott,
Members New York Stock Exchange,
18
W ALL
STREET.
Government and Investment
Bonds.
Stocks and Bonds Bought and Sold on Commission.
“ E S T A B L IS H E D 1 8 8 1 .”
Henry Sproul &
BANKERS
Co.,
A N D B R O IL E R S ,
P IT T S B U R G , P A .
MEMBERS OE THE
New York, Philadelphia and Pittsbur*
Stock Exchanges.
LOCAL SECURITIES A SPECIALTY.
Exclusive Private W iretoNewYork& Philadelphia
N.
Holmes &
Sons,
BANKERS,
P IT T S B U R G , P E MM.
CORRESPONDENTS:
Bank of New York, N. B. A.
First National Bank of Philadelphia,
Simon Borg & Co.,
C a p ita l a u th o r iz e d ........................ $ 4 ,0 9 0 ,9 0 0 0 0
P a id in (C a s h ).................................. 2 ,0 4 9 ,5 5 0 0 0
¡S u rp lus& u n d iv id ed p rofits.
8 3 0 ,3 9 0 0 7
A s s e ts ..................................................1 4 ,0 7 4 ,8 1 3 5 6 N o. 2 0 N A S S A U S T ., N E W Y O R K ,
T h is com p an y so lic its c o rr e s p o n d e n c e
DEALERS IN ALL KINDS OF
a b o u t a ll fir s t-c la s s in v estm en t s e c u r itie s .
B u y s an d n e g o tia te s M u n icip a l, R a ilr o a d ,
Railroad and Investment Securities.
W a t e r , I n d u s tr ia l an d I r r ig a t io n B o n d s.
Issu e s it s d eb en tu res a n d n e g o tia te s
SOUTHERN SECURITIES A SPECIALTY
m o rtg 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. BENJ. WILKINSON, Vice-President.
HENRY P. CH URCH1LL, Vice-President.
B. P. SHAWHAN, Sue. and Treas.
O F F IC E S t
IN V ESTM EN T S E C U R IT IE S
New York, 208 B’way.
I Bost., 117 Devonshire St.
Phila., 4th and Chestnut. Kansas City, Missouri.
86 Wail Sb, New York and St. Lomis*
London, England.
I Berlin, Gernuu?-
A . J . Weil & Co.,
ü
THE
C H R O N IC L E 1
rVOL. L1Y.
jBaukjers aad Sm w txs of ^oxtïÿtx HxcbatiQß
Drexel, Morgan & Co.,
W A L L STREET, CORNER OF BROAD,
NEW YO RK .
B A R I N G , M A G O U N & C O .,
1 5 WALL ST., NEW YORK,
SUCCESSORS TO
Drexel & Co
Drexel,Harjes & Co
Oor. o f 5th &Chestnut Sts. 31 Boulevard Haussm&nn
P H IL A D E L P H IA
P A R IS .
DOMESTIC AND FOREIGN BANKERS.
Deposits received subject to Draft. Securities
bought and sold on commission. Interest allowed
on Deposits, Foreign Exchange, Commercial Cred
its, Cable Transfers, Circular Letters for Travel
ers, available in all parts o f the world.,
KIDDER, PEABODY & CO., NEW YORK,
Buy and Sell Exchange
on principal European cities.
Issue Commercial and Travelers’ Credits
available in all parts of the world.
Agents and Attorneys of
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 AG EN TS OF
N e u r s , J . S. M O R G A N A C O .,
No. 22 OLD B R OAD STREET, LONDON
Brown Brothers & Co.,
P H IL A .
NEW YORK,
BOSTON.
159 W a ll St#
A L E X . BROWN & SONS, BALTIM ORE.
¡CONNECTED B Y P R IV A T E W IR E .
G e o r g e Co p p e l l ,
T h o m a s Ma it l a n d
G e r a l d L. H o y t , Member o f N. Y. Stock Ex.
Maitland, Phelps & Co.,
Members N. Y., Phiia. and Baltimore stock Exch’s.
22 AN D 24 E XC H A N G E P L A C E ,
Buy and sell first-class v
Investment Securities for I T Y V P S r m P n t
NEW YO RK .
customers.
Receive ^ t * 1 ■ n - « t u i v i i t
counts o f Banks, Bankers,
Corporations, Firms and In
Orders executed for all Investment Securities
dividuals, on favorable
Act as agents o f Corporations, and negotiate and
terms. Collect drafts drawn
abroad on all points in the United States and Cana issue Loans.
da, and drafts drawn In the United States on for
eign countries.
BILLS OF EX.
Messrs. Smith, Payne
Bny and sell Bills o f Exchange
CHANGE
A Smiths. London;
and make cable transfers on
Messrs. Mallet Frerei
all points. Issue Commercial
TELEGRAPHIC
A Cie, Paris;
TRANSFERS
and Travelers’ Credits available
Banco National de
in all parts o f the world.
LETTERS OF
Mexico, Mexico, and
BROWN, SHIPLEY «fe CO., LONDON.
CREDIT
its Branohes.
Securities.
Letters
of
Credit.
J . & J . Stuart & Co.,
AGENTS FOE THE BANK OF ATTHTRAT.ABTà
33 NASSAU S T R E E T .
August Belmont & Co.,
BILLS OF EXCHANGE ON
S M I T H , P A Y N E & S M I T H ’ S,
BANKERS, LONDON.
M AN CH ESTER A COUNTY R A N K ,
“ LIMITED.”
MANCHESTER, PAYABLE IN LONDONi
U L S T E R R A N K IN G C O M P A N Y ,
BELFAST, IRELAND,
BANKERS,
N o. 2 3 N A S S A U S T R E E T ,
Heidelbach,
Ickelheimer & Co.,
b a n k e r s,
W illia m S tre e t, c o m e r 1 x c h a n g e P la c e .
ISSUE
Circular Letters of Credit
for Travelers Abroad
a v a ila b le In a ll p a rte o f th e w o r ld ,
on the
UN ION B A N K O F L O N D O N , L ’ T ’ D .
T h r e e c re d its can a le o be o b ta in ed at the
F ift h A v e n u e B a n k , 4 4 th St. an d 5th A v e
Knauth, Nachod & Kühne
B A N K ER S ,
5 South W illiam
Street, New York»
L E T T E R S OF C R E D IT
a v a ila b le e v e r y w h e r e .
DRAFTS
on a ll p a rte e l th e w o r ld .
TRANSFER*
by m a il an d te le g r a p h .
Kessler & Co.,
B A N K ER S,
54 W A L L STRE E T, NEW Y O R K
Buy and Sell Bills o f Exchange and
Cable Transfers on all the P rin
cipal European Cities.
ISSUE COMMERCIAL AND TRAVELLERS»’
CREDITS, BUY AND SELL RAILROAD
STOCKS, BONDS AND INVESTMENT SE
CURITIES. ACT AS FINANCIAL
AGENTS FOR CORPORATIONS.
A g e n ts a n d Co r r e spo n d e n ts of t h e
THE NEW YORK
M e ssrs. R O T H S C H I L D ,
L o n d o n . P a r is , F r a n k fo r t an d V ien n a.
Issue Circular Credits for travelers available In
all parts of the world.
Transacts a general banking business. .
ALSO COMMERCIAL CREDITS.
Receives accounts of banks, bankers and oorpora
Draw Bills of Exchange and make Cable Transfers tions upon favorable terms.
A N D ON THE
to Europe, West Indies, Mexico and California.
Issues certificates o f deposit bearing interest.
N A T I O N A L R A N K O F S C O T L A N D , Execute orders for the purchase and sale of Invest
ment Securities.
Solicits mercantile and personal accounts.
EDINBURGH AND BRANCHES.
Bills of exchange drawn on, and cable transfersALSO
made through, THE CITY Ba NK, Limited
CABLE TRANSFERS & LETTERS OF CREDIT
LONDON.
Circular letters o f credit Issued for travelers’ use
SUCCESSORS TO
ohn
unroe
in foreign countries; also commercial credits.
Accounts of foreign bankers received and col
J E S U P , P A T O N A C O .,
N o . 8 2 N a ssa u S tre e t, N e w Y o r k .
lections in the United States made on favorable
5 2 W il l i a m S treet, N e w Y o r k .
N o . 4 P o s t O ffic e S q u a r e , B o s t o n .
terms. Agents In New York o f the
Accounts and Agency of Banks, Corporations
Issue Circular Letters of Credit for Travelers’ Use firms and individuals received upon favorable terms.
BANCO NACIONAL DE CHILE.
Abroad against «’ash or Satisfactory
Dividends and interest collected and remitted.
Guaranty o f Re-payment
Act as agents for corporations in paying coupons
J. W. D im m ic k ,
A. M . B a l d w in ,
E x c h a n g e o n L o n d o n , P a r i s , R e r l i n , and dividends; also as transfer agents. and sold on
Bonds, Stocks and Securities bought
President.
Cashier?
Z u r i c h a n d S t. G a l l .
commission at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
A LA B A M A
Cr e d it s o p e n e d a n d p a y m e n t s Ma d e b y c a b l e sold.
Produce Exchange Bank,
Jo h n Paton
J
M
&
&
Co.,
C o .,
P a r i s H o u s e —M U N R O E A C O .
Schulz & Ruckgaber,
BANKERS,
2 9 W IL L IA M ST R E E T , N EW Y O R K .
Correspondents o f the
In te r n a tio n a l B a n k o f L o n d o n (L im ited ),
J s h . B e r e n b e r g , G e s s le r dfc C o ., H a m b u r g .
B rem en B a n k , B re m e n .
M a r cu a r d , K r a u s s & C o., P a r is .
Commercial and Travelers’ Credits.
Bills o f Exchange.
Cable Transfers.
Kountze Brothers,
BANKER 8,
1M BROADWAY, Equ table Building, NEW YORK
L E T T E R S OF C R E D IT AND C IR C U L A R
N OTES
*5® nse o f travelers In all parts o f the
world. Bills drawn on the Union Bank o f London.
Telegraphio transfers made to London and t<
>
various places in the United States. Deposits received, subject to check at sight, and interest
allowed on balances. Government and other bonds
and Investment securities bought and sold on com
mission.
D R A W ON
CO LLECTIO N S AND INVESTMENTS
THE UNION BANK OF LONDON,
BRITISH LINEN CO. BANK LONDON AND
SCOTLAND.
F IR S T N A TIO N A L BAN K,
MADE BY
M ONTGOM ERY,
4 LA.
J . & W . Seligman & Co.,
CORRESPONDENCE INVITED
BANKERS,
N O. 2 3 B R O A D S T R E E T ,
N ew Y o rk .
N ew Orleans Canal &
Banking Company,
Issue Letters o f Credit for Travelers
On SELIGMAN BROTHERS, London.
N EW ORLEANS, LA .
SELIGMAN FRERES & CIE., Paris.
C a p ita l.. $ 1 ,0 0 0 ,0 0 9 I S u r p lu s ....2 4 7 5 .0 0 0
SELIGMAN & STETTHEIMER, Frankfurt.
ALSBERG, GOLDBERG & CO.. Amsterdam.
J. C. MORRIS, Pres.
EDWARD TOBY,
ALTMAN A STETTHEIMER, Berlin.
Co r r e s p o n d e n t s —
Nat. City Bank, Nat. Bank o f
Payable in any part of Europe, Asia, Africa, Aus Commerce. New York. Boatmen’s Bank. St. Louis,
tralia and America.
N. W. Nat Bank, Chicago. Merchants’ Nat. Boston
Draw Bills of Exchange and make Telegraphic
Transfers of Money on Europe and California.
J , Kennedy Tod & C o.,
Bank of Buffalo,
B U F F A L O , N. Y .
W m. c . Co r n w e l l , Cash’r
C a p ita l......S 3 0 0 .0 0 0 I S u rp lu s...... 3 3 2 5 ,0 0 0
NO. 45 W ALL STREET, NEW YORK.
This Bank has superior facilities for making Col
lections in and out of the city on the most libera)
Deposits received subject to draft, and interest ^ ™ o f fS dc<OTe^pomf&nt8attentl011 t0 the best lnter~
allowed on balances.
Co r r e spo n d e n ts Importers’ & Traders’ Na
tional Bank and Chemical National Bank, New
Loan A
OFFER INVESTMENT SECURITIES. York 'Merchants’London. Trust Co., Chicago: UnionS W IS S U N IO N B A N K ,
Bank o f London.
Schweizerische Union Bank.
Bonds and Stocks bought and sold on commission
on all American Canadian, British and Dutch
S T . G A L L S , (S w itz e r la n d ).
MERCHANTS’ NATIONAL BANK,
U a n lta l P aid Up
1 2 .0 0 0 ,0 0 0 F ra n ca. markets.
R IC H M O N D , V IR G IN IA .
Transfer of Stock and Bonds. Payment and oo
Solitit Accounts and Agenties o f Banks and
Collections made on all Southern points on best
Bansers.
lection o f Dividends, Coupons and Interest War ‘ erm ; prompt returns.
INTEREST ALLOWED ON DEPOSITS.
rant*. Foreign Exchange and Cable Transfers on
JOHN P. BRANCH, President.
CABLE TRANSFERS. LETTERS OF CREDIT Lost en and Paris
I ohn F. G l e n n , Cash’r. F r e d . R . Scott . Vice-Prep-
BAN KERS,
S. 8. J e w e t t , Pres’t.
6 1812,]
F ebruary
THE
CH RON ICLED
in
**r ............................... .......... ...............— 1
© a u a d ia n B a n k s .
Bank of Montreal,
[E STA B LISH E D IS IS .]
814 , 000,000 G old
80, 000,000 G old
C A P I T A L P a id In - SU RPLUS - ; - . -
Hon. Sir DONALD A . SMITH, President.
E. 8. CLOUSTON. General Manager.
STEW TO RE OFFICE:
S o n , 59 a n d 61 W A L L S T R E E T .
W a l t e r W a t s o n , l A„~nt«
ALEX’R LANG,
f A gents.
Buy and sell Sterling ana Continental Exchange
nd Cable Transfers ; grant Commercial and Travel
•rs’ Credits available in any part o f the World
M ue drafts on, and make collections In, Chloago
End throughout the Dom inion o f Canada.
L o n d o n Office, No* 2 4 A b c b u r c h L an e*
g fn re tg n .
IP tra u ciaL
The Union Discount Co. N ew York Guaranty &
of London, Limit’d.
Indemnity Co.,
89 CornhiU, London, January 21, 1892.
C a p ita l S u b s c r ib e d ........................8 6 ,3 0 5 ,OoO
P aid u p ............................................... 3 ,1 5 4 .5 0 0
R e s e r v e F u n d .......................
9 7 0 ,0 0 0
8 4 8 5 -J E 1 .
NOTICE IS H E RE B Y GIVEN that the RATES
of INTEREST allowed fo r m oney on deposit are as
follow s;
A T C A L L , 1M P E R C E N T .
A T 3 to 7 D A Y S ’ N O TIC E, 1 « P E R C E N T .
The Company discounts approved bank and mer
cantlle acceptances, receives m oney on deposit at
rates advertised from time to time in the London
Paris and Berlin papers, and grants loans on ap
proved negotiable securities.
C H R IS T O P H E R R . NUGENT, M an a ger
Canadian Bank of Commerce
C a p ita l and S u r p lu s .....................8 0 ,9 0 0 ,0 0 0
A LEX. LAIRD and WM. GRAY
AGENTS,
1 6 E XC H AN G E PLACE, N EW Y O R K ,
BUY AND SELL STERLING EXCHANGE, CABLB
TRANSFERS, ETC.
Issu e C om m ercia l C re d its a v a ila b le In a ll
p a rts o l the w orld*
Canadian Currency bought.
Drafts drawn on and Collections m ade a t all
points in Canada.
Merchants' Bank of Canada
C a p ita l S to c k P a id Up................ 8 5 ,7 9 9 ,4 0 0
R e s e r v e F u n d ................................8 4 ,5 1 0 ,0 0 0
Blake, Boissevain & Co.,
LOK D OY, EN GLAN D.
N e g o t i a t e Railway, State and City loans.
E x e c u t e orders for bonds. Shares, etc., on Com
mission and transact a general Banking an
Commission Business.
S p e cia l a tte n tio n given to the execution o f
orders for Securities on the New York, London and Amsterdam Exchanges. In corres. .■ii pondence with _____
.
________
BLAKE
BROTHERS
&
2 8 S tate S treet. B o s t o n , .m a s s .,
AGENTS,
AND
61
W ALL
STREET, NEW Y O R K .
TRAN SFERS, AC
Imperial Bank of Canada.
C A P I T A L (p a id up)
SU RPLU S
. . .
.
.
8 1 ,9 0 0 ,0 0 0
9 5 0 ,0 0 « !
H . 8. HOW LAN D, Pres’t.
T. R. M E R RITT, Y .-P .
D. R. W ILKIE, Cashier.
HEAD
A D O L P H BO ISSE V A IN & CO.
A m s t e r d a m . H o ll a n d .
Issu e C o m m e rcia l C re d its, A v a ila b le in
a ll P a rts o f the W o r ld .
O F F IC E , T O R O N T O .
B r a n c h e s in On t a r io .—Essex, Fergus, Galt,
Ingersoll, Nlaga> a Falls, Port Colborne, St. Cath
arines, St. Thomas, Sault rite Marie, W elland,
W oodstock, Rat Portage.
T o ronto .—W ellington Street, Y on ge and Queen
Sts., Yonge and ttloor Sts.
B r a n c h e s in No r t h w e st —W innipeg, Brandon,
Calgary, Portage la Prairie, Prince Albert, Edm on
ton .
Agents In London :
I Agents In New York,
L loyd ’s Bank, limited. |Ba n k of Mo n t u e a l .
Collections promptly made in any part o f Canada.
D r a w e r s o i S te r lin g ; E x c h a n g e ,
B
OF TH E
a
n
k
OF
B ritish N orth A merica,
N o. 52
W ALL
STREET.
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 TE S issued in Pounds Ster
ling, available in all parts o f the world. C O M M E R C I A L C R E D I T S IS S U E D for use in
Europe, China, Japan, East and W est Indies and the
Brazils, River Plate, Ac.
Bills collected and other banking business transH . STIKEMAN,
) *
F. BROWNFIELD, $ 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 Fun d............................................ 6,806,596 81
R eserve Liability o f Proprietors........... 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, Foochow , A m oy,
Ningpo, Shanghai, Hankow, Toaohama, H iogo,
San Francisco and London,
-
-
$2,000,000
$500,000
-
TRAN SACTS A G E N ERAL BAN KIN G AN D
TRUST COMPANY BUSINESS. AND SOLICITS
T H E ACCOUNTS OF CORPORATIONS, FIRMS
A N D IN DIVIDU ALS.
iiiijaD DOA AJULU V HU
V j
ujx
Ulfil'USiTS.
E D W I N P A C K A R D . P re s id e n t.
A D R I A N I S E L I N , J r . , V ic e - P r e s id e n t .
G E O . R . T U R N B U L L , 4 d V ic e -P r e s id e n t.
H E N R Y A . M U R R A Y , T r e a s . a n d S e c.
J . N E L S O N B O R L A N D . A s s is t. S e c r e t a r y
DIRECTORS.
Samuel D. Babcock,
Augustus D. Jullllard,
Frederic Cromwell,
Richard A . McCurdy,
Josiah M. Fiske,
Edwin Packard,
Walter R. Gillette,
H enry H. Rogers,
R obert Goelet,
H enry W . Smith,'
George Griswold Haven, H . McK. Twombly,
Oliver Harriman,
Frederick W . Vanderbilt,
Charles R. Henderson,
William C. W hitney,
'
Adrian lselin, Jr.,
J. H ood W right.
EXECU TIVE 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.
A s se ts D e c . 3 1 , 1 8 9 1
$ 6 ,7 3 7 ,9 8 8 2 7
S u r p lu s ...................................
6 4 9 ,0 4 1 0 5
1 8 >0.
1892.
The United States Life
Insurance Co
IN T H E C IT Y O F N E W Y O R K .
The Railway Share Trust
& Agency Company,
LIMITED,
4 Bank Buildings, London, England,
S u b scrib e d an d P a id -u p C a p ita l, £ 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 Debenjjure holders.
C ABLE ADDRESS, P A V Y , LONDON.
AGEN CY
M u t u a l L ife B u i l d i n g .
C A P IT A L ,
SU R PLU S,
CO.
5 N a ssa u S tree t, N e w Y o r k ,
Henry Hague and John B. Harris, Jr.,
BUY A N D SELL STERLING EXCHANGE, CABLB
59 C ED AR S T R E E T , N E W Y O R K ,
Irieinemann 6c Co.,
62 Gresham Honse, E. C.,
LONDON.
S o l i c i t 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, Ao., Ac.
on the Stock Exchange.
I n t e r e s t 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 & Co.,
52 N ew
B road
S tree t,
LONDON, E . C.
A ct as Agents fo r American Banks and Finaneia
Companies. Collect Foreign Exchange and execute
orders on commission on the London Market.
A . ML. T O W N S E N D , A g e n t , 5 0 W a l l S t.
INTEREST ON DEPOSITS. C ABLE TRANSFERS.
The Bank
N E W IN SU RAN CE W R IIT E N .
1888. . . . ....... $6,835,665 50 1 1890. ........ $11,955,157 00
1889. ........... 8,463,025 00 I 1891., .......... 14, tO 1,654 0 0
GEO. H. BURFORD President.
C. P. F R A L E IQ H ,
A . W H E E L W R IG H T ,
Secretary.
Assistant Secretary.
WM. T . STANDEN, A ctuary.
The tw o m ost popular plans o f L IFE 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
lowest possible present cash ou tla y; and the
G U ARAN TEED INCOME POLICY, which embraces
every valuable featu re o f investm ent insurance,
and which, in the event o f adversity overtaking
the insured, m ay be used as C OLL A T ER A L SEC U RITY FO R 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.
N orth
British
& Mercantile Ins
Co,
OF
LONDON AND E D IN B U R G H .
SAM. P. BLAGDEN, Manager.
WM. A. FRANCIS, Assistant Manager])
R. H. WASS, General Agent.
W . R. ECKER, Assistant Gen. Agent.
H, M. JACKSON, Secretary,
U. S. BRANCH OFFICE,
No. 54 WILLIAM ST., N. Y.
SECU RE
BÀNK V A U LT S .
Dennistoun, Cross & Co.,
of
-Australasia.
(Incorporated by R oyal Charter, 1885.)
N o . 4 T h r e a d n e e d le S tr e e t, L o n d o n .
Paid-up Capital. £1,600,000; Reserve Fund. £800 -
*M,Tl!6W,000.M °f i>r0prlet0rs unier
lity
Letters o l Credit and Drafts Issued on any o f the
num eious branches o f the Bank throughout A us
tralia and New Zealand. Bills negotiated or sent
fo r collection. Telegraphic transfers mada.
Deposits received in London at Interest for fixed
periods, on terms which may be ascertained on aopUoatlon.
fPBIDNAUX SELBY, Secretary.
Bartholomew Lane, London, E. C.,
E xecu te orders fo r the purchase and sale o l
Bonds, Stocks, 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
dills o f Exchange on them are issued by theii
A gents and A ttorneys.
M O SLE B R O T H E R S ,
52 E XC H AN G E PLACE, N EW Y O R K
GENUINE
WELDED CHROME STEEL AND IRON
In Round and Flat Bars, and 5-ply Plates and A ncle
FOR SAFES, V AU LTS, Ac.
Cannot be Sawed, Cut, or Drilled, and positively
Burglar-Proof.
CH ROM E STEEL W O R K S,
Sole ManTers in the U. 8.
B R O O K L Y N , N.l Y .
\
i*
THE
CHRONLCLE.
V ol.
UV,
§%VLkzvB attd grjofcje*s tu JJctu Uork. Œilg.
B oO Y,
D
M
Taintor & Holt,
Co.,
Wood, Huestis & C o.,
BANKERS
&
c LE LLA N
81 P ine Street, New York City.
BANKERS,
S t 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. BOX 447.
No. 11 Wall Street, Cor. New, New York.
_ Investment Securities
TR AN SAC T A G EN ERAL BAN KIN G A N D STOCK
EXCHANGE BUSINESS.
Samuel D. Davis & Co.,
Henry S. Redmond,
Mem ber N.
W ALL
y
. Sto c k E x h c a n g e ,
STREET, NEW
YORK.
BANKERS
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. SWAN,
E. H. LADD, Jr .,
„ ^ ____ „
General Partners.
C. D. WOOD, Special Partner.
R . A . Lancaster & Co.*
BANKERS,
AN D D E ALERS IN INVESTMENT SECURITIES
Mo. 10 W A L L S T R E E T ,
M EW Y O R K .
Mo. 44 W A L L ST ., M EW Y O R K .
B O N D S .
Carefully compiled list o f choice Investment Bonds Sa m u e l d . d a v i s .
Ch a s . b . v a n No st r a n o .
furnished upon application.
Member N. Y. Stock Exchange
'
Fred H. Smith,
Emerson
&
Turnbull,
No. 20 Broad Street, New York.
BANKERS AND BROKERS
STOCKS, BONDS AND PETROLEUM.
8Ö B R O A D W A Y .
IN V E S T M E N T S E C U R I T I E S .
M A R G I N A C C O U N TS S O L IC IT E D .
1 - 1 6 P e r C ent C om m ission .
INTEREST ALLOWED ON BALANCES.
Correspondence Invited.
ESTABLISHED SINCE 1868.
BONDS.
W . K. B. E m erson ,
r a m s a t T urnbull
Member N. Y. Stock Exchange.
La Montagne, Clarke & Co.,
B row n ’ s Sons,
Members New York Stock Exchange,
STOCK B R O K E R S ,
DEALERS IN
INVESTMENT and MISCELLANEOUS
SECURITIES.
Southern Securities a Specialty.
BAN KERS A N D BROKERS,
Stew art
BROKERS,
AND DEALERS.IN
A specialty, including Water Bonds, Car Trust
Boi ds and first-class Bailway Bonds.
P rivate telegraph wires to P roviden ce and Boston
Par. ioalars furnished on application.
G .E . TA IN TO R. G. D. L ’H U ILIER. G. H . H 0 L 1
Da v id A. Bo o st ,
C. W. mc L ellan ,
H enby T. B oo d t .
48
C O M M IS S IO N
4 4 a n d 4 6 B r o a d w a y , N ew Y o r k .
WM. M. HARRIMAN, Member N. Y. Stock Exchang e
NICHOLAS FISH.
OLIVER HARRIMAN, Jr
Harriman &
Co.,
N o . 1 2 0 R R O A D W A Y , ¡N E W Y O R K ,
EQUITABLE BUILDING,
S. L a M o n t a g n e , J r ., Member N. Y. Stock Exoh
BANKERS AND BROKERS.
64 BROADWAY, NEW YORK.
H e r m a n Cl a r k e .
W a l l a c e B. Sm it h .
Private wires to Philadelphia, Pittsburg, Scran,
ton, Reading, W ilkesbarre Lancaster and Bethle*
hem . Private wire to Chicago.
TRANSACT A GENERAL BANKING AND STOCK
[EXCHANGE BUSINESS.
Stocks and bonds bought and sold on commission
small or large lots. Accounts solicited. Infor
mation promptly given.
Robertson & James,
INVESTMENT BONDS A SPECIALTY.
Fahnestock &
Co.,
Dealers in Investment Seenrities,
B A N K E R S AND B R O K E R S ,
NO. 7 NASSAU STREET,
(Continental National Bank Building,]
2 W a ll Street, N ew Y ork.
Supply selected Investment bonds for cash or in
•Echange for marketable securities.
Execute commission orders for Investors at the
Stock Exchange or in the open market.
Furnish information respecting bonds
Gilman Son & Co.,
Rolston & Bass,
BOM B and STO CK B R O K E R S .
N ew Y o rk .
STOCKS, BONDS AND MISCELLANEOUS:
SECURITIES.
W. H. ROLSTON,
2 0 B r o a d S tr e e t ,
W. ALEX. BASS, Jr.
N E W Y O R K .*.
Members N. Y. Stock Ex.
EDWIN 8. HOOLEY.
R . J . Kimball & Co., W . H . Goadby & C o.?
(Established in 1865.)
B A N K ERS AND B R O K E R S ,
BANKERS AND BROKERS,
BAN KERS,
1 6 a n d 1 8 B r o a d S tree t, N e w Y o r k .
NO. 62 C E D A R S T R E E T .
NO.
24
BROAD ST R EE T
Members o f the New York Stock Exchange and o f
the Philadelphia Stock Exchange.
R o b e r t J. K im b a l l . A l f r e d B .L o u n s b e r r y .
In addition to a General Banking Business, Buy
and t ell Government Bonds and Investment Se
curities.
John R . Davis & Co.,
BANKERS AND BROKERS,
N o . 1 0 W A L L S T ., N E W Y O R K .
Orders for Stocks and Bonds executed at all Ex.
changes
Especial attention given to supplying high-clast
IN V E S T M E N T S E C U R IT IE S .
H e n b t G. C a m p b e l l ,
J. B o bd en H a r r im a n ,
} Members N. Y. Stock
>
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 an d 7 4 B r o a d w a y ,
NEW YORK
Marquand & Skehan,
B A N K E R S AND B R O K E R S ,
P. O. Box 8.080
N ew
Hatch & Foote,
Young & Nelson,
7 PINE ST R EE T , NEW YORK.
46 W a ll Street, Mew Y o rk .
Investment
Seenrities
a
T. 8. Y ou n g , J r .,
Member N. Y . Stock Exchange.
E m erson
m c m il l in .
Specialty.
w
Henry
. b.
b.
IM YESTM EM T
W il so n .
Howard Lapsley & Co.,
BANKERS AND BROKERS,
4 0 W A L L STREET, NEW Y O R K .
No. 1 Exchange Court1
NEW YORK*
Negotiations Conducted fo r Purchase and Sale o f
G a s, E le c tr ic, W a te r , S treet R a ilw a y , C oa l,
I r o n an d In d u s tr ia l P r o p e r tie s .
Securities negotiated only upon personal examina
tion o f property.
A . L. L e e .
S E C U R IT IE S ,
n il s o x
Emerson McMillin & Co.
R o ber t G o od b o d y .
Y ork .
G. B. W a t t s , J b
P r iv a t e W ir e s to B o s to n an d P h ila d e lp h ia .
NEW
YORK
AND
BROOKLYN
Robert Goodbody & Co.,
FINANCIAL
30 B R O A D S T R E E T , N. Y .,
T R U S T C O ’S S T O C K S .
BANKERS
A ND B R O K E R S
Investment B on ds and Stocks,
S to c k s an d B o n d s B o u g h t a n d S o ld on
C om m ission .
Specialties for Twenty Years.
16 B R O A D STRE E T, NEW Y O R K .
INTEREST ALLO W ED ON DEPOSITS.
D e a lt In by
fU S S E L L M A R Q U A N D
JA M E S B . SK E H A N
W I L L I A M C. NO Y E S 1
Member N. Y. Stock Exchange.
96
Haven & Stout,
BANKERS
AND
18
W ALL
STREET,
NEW
YORK.
2 E x ch a n g e C o u rt, N. Y .
E sta b lish e d 1 8 6 5 .
Memoers of the Consolidated Stock and Petro eum MEMBERS OF N EW YO RK STOCK EXCHANGE
Exchange.
A llow Interest on deposits subject to sight check.
RAILROAD .STOCKS AND BONDS;
B O U G H T AN D. SO LD
A t . l - l ö t h p e r cen t C om m ission
Buy and sell on commission stocks and bonds either
for cash or on margin, and deal in
Investment Securities.
A. M. Kid d e r ,
I. H. M o rse
NEW
VARK.
SO U T H E R N
BAN KER S,
BRO K ERS,
liK O A D W A Y ,
c h a s . d . Ma r v i n .
w . m . K m nxn.
California Securities
OF THE HIGHEST CHARACTER.
t P e r C en t D e b e n tu re B on d s.
8 P e r C en t G u a r a n te e d M o r t g a g e s .
W. R.
T . Johnston,
60 R R O A D W A Y , N E W Y O R K .
THE
F e b r u a r y 6 , 18V2,]
sB a n lije ts a u d
fà x o ^ tx s ® n i
C H R O N IC L E
v
g l j c w H c ir iL
oî
M IS C E L L A N E O U S .
N E W EN GLAN D.
R EA D Y FEB . 12.
F O O T E & F R E N C H , Wilson, Colston & Co.,
B A N K ER S,
48
C o n g re ss
S tree t,
GOVERNMENT
sold.
B o sto n ,
M ass*
BONDS bought and
B A L T IM O R E .
EXCHANGE
bought
and
B E N J A M IN A . JACK SO N
C . W . Branch & Co.,
BANKERS A N D BROKERS,
St a t e
ban k
b u il d in g
R IC H M O N D ,
,
BAN KERS AN D BROKERS.
NO. 1 5 2 W E Y B O S S t T
STREET,
Ed w a r d s W h i t a k e r .
BOND AND S T O C K B R O K E R S ,
ST. LOUIS.
Ba m ’ l
a.
Ga y l o r d ,
jn o .
H . B l e s s in g .
Gaylord, Blessing & Co.,
Noyes & Bridge.
R A N K E R S AND R R O K E R S,
ST. LOUIS.
IN V E ST M E N T S E C U R IT IE S .
0 Per Cent Electric Street. R R. Gold Bonds.
6 Per Cent W ater Company. Bonds.
7 Per Cent Irrigation Bonds.
«
10 Per Cent State o f Wash., County Warrants.
E X C H A N G E B U IL D IN G ,
GRADE
MUNICIPAL
BONDS
A SPECIALTY.
5 3 S T A T E S T B E E T , BOSTON, M A S S .
JOSEPH GILLOTT’S
Sheldon & Binney,
S T E E L P EN S.
BAN KERS,
28 Westminster St., Providence, R. I.
Transact a General Banking Business. Dealers in
Stocks, Bonds and Local Securities.
P R IV A T E TE LE G R A PH W IRE S TO N EW YORK
AN D BOSTON.
W
il l ia m
B in n e y , J r .
GOLD MEDAL,
Paris exposition ,
1880,
THE MOST PERFECT OF PEN8»
J . Spencer Turner,
SUCCESSOR TO
Brlnckerhoff, Turner A Co.,
PEN NSYLVAN IA.
Re a .
M AN U FACTU RER AND D E A L E R IN
Sa m u e l R e a .
Rea Bros. & Co.,
115
F o u rth
A v e n u e , P it t s b u r g ,
Pa.
STOCKS, BONDS AND GRAIN.
COTTON SAIL DUCK
A N D A L L K IN D S OF
COTTON CANVAS FELTING DUCK,
C A R COVERING, BAGGING,
RAV E N S DUCK, SAIL TW INES, Ac*
ONTARIO ” SEAMLESS BAGS,
“ A W N IN G ” STRIPES.
A lso,
agents
U N ITED ST AT E S BU N TIN G CO.
MEMBERS OE TH E
N ew Y o r k , P h ila d e lp h ia a n d
S to c k E x ch a n g e s.
P ittsb u rg
P R IV A T E W IRE S TO N EW YO RK A CHICAGO
A full supply, all W idths and Colors, always
•took.
N o . 1 0 9 D u a n e S tree t.
ESTABLISH ED 1871.
The American
Manufacturing Company
Whitney & Stephenson*
( 1 1 2 W a l n u t S t., S t. L o u is , M o
u n ic e s £ j o ^
E x c h a n g e P la c e , N . V
BAN KERS AND BROKERS,
THE L ARG EST W O RK ERS OF F IB R E IN TH E W ORLD
P IT T S B U R G ,
N o. 57 F O U R T H
PA.
AVENUE.
Oldest Pittsburg members N. Y . Stock Exchange
Manufacturers o f
CORDAGE
AN D OF
E. W . Clark & Co.,
R A G G IN G F O R C O T T O N .
BAN KERS AN D BROKERS
In addition to m ills at St. Louis and Charleston
nave ju st com pleted at Greenpoint, B rooklyn, the
largest, heat equipped and best located
No. 139 South Fourth St.,
CORDAGE
P H IL A D E L P H IA .
rransact a general hanking business. A llow
aterest on deposits.
Members o f the Philadelphia and New York
Stock Exchanges, and connected by private wire
with New York.
Wm. G. Hopper & Co.,
2 8 S O U T H T H I R D S T ., P H I L A ,
S to c k s an d B on d s bought and sold on Com
mission for Cash, or carried on favorable terms.
In te r e st a llo w e d on balances. Correspondence
solicited.
s£2
Y e a r B o o k
FINANCIAL INFORMATION.
275 P A G E S.
AND
B A G G IN G M IL L
IN A N Y COUNTRY.
ESTABLISH ED 1865.
E ugene R .
FO B
B A N K ER S,
STO C K BRO KERS,
M ER C H A N TS,
IN V ESTO R S
CONTENTS:
R e tr o s p e c t o f 1 8 9 1 .
C le a r in g s a n d S p e c u la tio n .
M e r c a n tile F a ilu r e s .
W ESTERN SECURITIES A N D
HIQH
A
Ch a r l e s H o d g m a n
3 0 0 N o r t h F o u r t h S tree t,
Dealers in Commercial Paper, Government and
Other first-class Bonds and Securities and Foreign
Exchange.
Private telegraph wire to New Y ork and Boston.
b.
1892 .
OF
Private wires connecting with W ashington, Baiti
m ore, Philadelphia, New York, Boston and Chicago
New York Correspondents: Messrs. M oore A
Schley and Prince & W hiteiy.
P R O V ID E N C E , R . I.
Thomas
(AKTNUAL.)
V A .
Wilbour, Jackson & Co., Whitaker & Hodgman,
Ch a r l i e s H . S h e l d o n , J r .
Financial Review.
(INVESTMENT and SOUTHERN SECURITIB
a specialty.)
Correspondence invited and information fur
N. Y . Correspondents—M cK im B r o t h e r s A Co.
COMMISSION ORDERS executed in
bonds and stocks.
O SHU A W IL B O U R .
(Members o f Baltimore Stock Exchange)!
nished.
RAILROAD BONDS o f conserratiYe
issues constantly on hand.
FOREIGN
sold.
T H E
BANKERS,
C o le ,
S T A T IO N E R A N D P R IN T E R .
Supplies Banks, Bankers, Stock Brokers and Cor>
porations with com plete outfits o f A ccou n t Books
and Stationary.
.
| y New concerns organising will have then
orders prom ptly executed.
No. 1 IV IL L IA M S T R E E T .
H A N O VE R SQUARE.)
B a n k in g a n d F in a n c ia l —
R eport o f U. S. Secretary o f Treasury.
R eport o f Comptroller o f the Currency.
New Y ork Citv—Bank Returns, <fec.
Great Britain In 1891.
C o m m e r c ia lUnited States—Foreign Commerce, Trade
Balance, U. S. E xports and Im ports o f
Leading Articles.
T h e M oney M a r k e tInfluences, and Prices o f Call Loans and
Commercial Paper since 1883.
G o ld a n d SU ver—
Production, Consumption, E xports and Im
ports o f Gold and Silver in the United
States and abroad.
F o r e ig n E x c h a n g e M arket and Prices in New Y ork, 1876-1891
In v e stm e n ts a n d S p e c u la tio n Compound Interest Table, Showing A ccu
mulations o f Money in a Series o f Years.
Table Showing the Rate Per Cent Realized
on Securities Purchased at different prices
(without regard to date o f maturity.)
Stock Speculation in New York.
U n ite d S tates D e b t a n d S ec u rities—
Debt o f the United States, 1793-1891.
Prices o f U. S. Bonds, 1860-1891.
S tate D e b ts a n d S ecu rities—
State Debts and Im munity from Prosecution.
Prices o f State Securities, 1860-1891.
R a U r o a d s a n d t h e ir S ecu rities—
R ailroad Statistics o f the United States.
R ailroad Earnings in 1890 and 1891.
Prices o f Railroad Bonds, 1887-1891.
The New Y ork Stock Market, 1887-1891.
P rices o f Railroad Stocks, 1887-1891.
Boston Stock and Bond quotations, 1891.
Philadelphia Stock and B ond quotations,
1891.
Baltimore Stock and B ond quotations, 1891.
R e p o r t s o f T r u s t C o m p a n ie s in _Kew
Y ork and Brooklyn.
A p p e n d ix —
I n v e s t o r s * Su p p l e m e n t .
D ividends for Seven Years on R R . Stocks
R ailroad Stocks and Bonds—Description
and Financial Condition o f Companies,
Earnings, &o.
R ailroad Earnings b y M onths fo r fou r
Years past on Leading Roads
New Y ork Bank Stock Table.
New Y ork Insurance Stock Table.
City Horse R R . Stocks and Bonds.
L oca l Gas Co.’s Stocks and Bonds.
B o u n d In r e d c lo th , - - - - - - 94 00
T o C h ron icle S u b scrib e rs, - - - - 1 50
W I L L I A M B . D A \ A A C O .,
P U B L IS H E R S ,
1 0 2 W i l l i a m S tr e e t, N e w Y o r k .
THE
VI
C H R O N IC L E ,
[V
ol.
LIV.
% 'r u s t O L o m p a u tE B .
Union Trust Company United States Trust Co.
OF NEW YORK,
OF N E W Y O R K ,
80 Broadway, New York.
c a p it a l
SURPLUS-
-
-
-
-
$ 1 , 000,000
-$ 4 ,0 0 2 ,5 1 8 9 *
Authorized to act as Executor, Administrator,
Guardian, Receiver or Trustee, and i s ____ _ _ _
A liisGAIi DEPOSITOR^ FOR MONEY.
A cts as Trustee o f mortgages o f corporations, and
accepts the transfer agency and registry o f stocks.
A llow s interest on deposits, which may be made at
any time, and withdrawn on five days’ notice, with
interest fo r the whole time they remain with the
company.
.. .
For the convenience o f depositors this company
also opens current accounts subject, in accordance
w nh Its rules, to check at sight, and allows interest
upon the resulting daily balances. Such checks pass
through the Clearing House. „
A ttends specially to the M ANAGEM ENT OF
R E A L E STATE and to the collection and remit
tance o f rents.
It makes ample provision in its
_ . mma
N EW B U R G LA R AND FIRE PROOF VAU LTS
fd r the safe keeping o f securities placed in its cus
tody. on which it collects and remits income.
TRUSTEES.
• , „
Wm. Whitewright,
H . V an Rennsl’r Kennedy
H enry A . Kent,
Oames H. Ogilvie,
R . T. Wilson,
James T. W oodward,
r
Wm. 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,
A m asaJ. Parker,
B. B. W esley,
Samuel F. Barger
D. H . McAlpin,
Geo. C. Magoun,
George B. Carhart,
W. Emlen Roosevelt
Chauncy M. Depew.
EXECU TIVE COMMITTEE.
Wm. Whitewright,
G. G. Williams,
Edward Schell,
E. B. W esley.
Geo. C. Magoun,
C. D. W ood,
D . j . Hays,
James T. W oodward.
E D W A R D KING, President.
CORNELIUS D. WOOD, i Vice-Presidents.
i vice-rresiaents.
JAMES H. OGILVIE,
AUGUSTUS W . KELLEY, 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 AND S U R P L U S , - * 1 ,0 0 « ,0 0 0
DESIGNATED L E G A L DEPOSITORY.
A cts as Executor or Administrator o f Estates and
as Guardian, Receiver, Registrar, Transfer and
Financial A gent fer 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 i
Joseph 8. Auerbach,
John S. Tilney,
Harry B. Hollins,
E . V. Loew,
Jacob Hays.
Henry F. Dimock
Charles T. Barney,
John P . Townsend
A. Foster Higgins,
Charles F. Watson,
Robert G. Remsen,
David H . King, Jr. 1
H enry W . T. Mali,
Frederick Q. Bourne
Andrew H. Sands.
R obert Maclay
James H. Breslin,
C. Lawrence Perkins,
Gen. George J. Magee,
Edward W ood,
L Townsend Burden.
W m . H . Beadleston.
A lfred L. W hite.
FR ED ’K L. ELD RIDGE, Secretary.
J. HENRY TOWNSEND, Assist. Secretary
Investments in the South,
45 and 47 Wall Street.
Investm ents made (at nsual rates o f commission)
n feafe and reliable interest-paying Southern secur
ities, and 1st mortgage loans on Improved city and
town real estate. Correspondence sollcted as to all
Southern l nvestments. Being within easy reach
Of all parts o f the South thorough and careful Inves
tigation can he made o f intended investments or
purchases.
This company is a legal depository for moneys
paid into court, and is authorized to act as guardian
or truf ^ - EREST ALLOW ED ON DEPOSITS,
which may be made at any time and withdrawn after
five d ays’ notice, and will be entitled to interest for
the whole time they 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 a9 religious and benevolent institu
tions, will find this company a convenient depository
for
STEW ART, President.
GEORGE BLISS, Vice-President.
JAMES S. CLARK, Second Vice-Pres’t.
H EN RY L. THORNELL, Secretary.
LOUIS G. HAMPTON, Assistant Secretary.
TR U STE E S:
W ilson G. Hunt, Jno. H. Rhoades, Chas. S. Smith,
Daniel D. Lord, Anson P. Stokes, W m.Kocketelier,
G eo.H . Warren, A lex. E. Orr,
Samuel Sloan,
Wm.H. Macy,Jr.,
George Bliss,
James Low,
Wm. D. Sloane.
W m. W . Phelps, Wm. Libbey,
D. Willis James, John C. Brown, G. H. Schwab,
John A . Stewart,!Edward Cooper, Frank Lyman,
Krastus Corning. W . B’y’d Cutting. Geo. F. Vietor,
W m . W a'd orf Astor.
l O l 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
I n t e r e s t a l l o w e d on the resulting daily balances.
Certificates o f deposits issued for tim e deposits,
on which s p e c ia l r a t e s will be allowed.
I n t e r e s t c o m m e n c e s f r o m d a t e o f d e p o s it .
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 Bonds; i s a le g a l d e p o s i t o r y f o r
T r u - t F u n d s 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,
) vice-P rest’s.
JOHN TRUSLO W, { v lce r r e s l 8*
0 . F. RICHARDSON, Secretary.
TRU STEES *
W m . Dick,
A . D. Baird
Darwin R. James,
E. B. Tuttle,
John Truslow,
Ditmas .1ewell,
F. W . Wurster,
Bernard Peters,
W m . E. Horwill,
f . b . Voorhees,
A. D. Wheelnck,
W m. F. Garrison,
Jno. T. Willetts,
Chas. H. Russell,
John Lough ran,
Edward T. Hulst,
Jno.McLaughlin,
A . M. Suvdam,
W m .E.W beelock
O. F. Richardson,
Henry Seibert.
St. Louis Trust Co.,
C O R N E R 4 th A N D L O C U S T
STREETS
* 3 ,0 0 0 ,0 0 0
John T. Davis,
Alvah Mansur,
Daniel Catlin,
Edward S. Bowse,
Sam’l W . Fordyce,
Jno. A. Scudder.
August Gehner,
Edward C. Simmons,
H enry C. Haarstick,
Edwin O. Stanard,
W m . L. Huse,
J- C. Van Blarcom,
Chas. D. McLure,
Thos. H. West,
Edwards Whitaker.
THOS. H . W EST, President.
JOHN D. FILLEY, Secretary.
A . C. S TEW A RT, Counsel.
A llow s Interest on Deposits. Executes Trusts of
every Description. A cts as Registrar and Transfer
Agent, Ac.
3 0 3 N o r th 4 t h S tree t,
ST. LOU IS, M ISSOURI.
c a p i t a l ......................... .. .................. * 1 .5 0 0 ,0 0 0
UNDER ST AT E SUPERVISION,
$ 2 0 0 ,0 0 0 d ep osited w ith S ta te O fficer to
p ro te c t tru st lia b ilit ie s .
Staten Island Securities
C O N S U L T IN G E N G IN E E R ,
W ATERFORD,
N. Y .,
or
4 3 JO H N S T „
N. Y . C I T Y .
E x a m in a tio n s an d R e p o r t s f o r I n v e s t o r s .
-
-
-
$ 1 ,0 0 0 ,0 0 0 0 0
5 0 0 , 0 0 0 OO
T r a n s a c ts a G e n e ra l B a n k in g
A S P E C IA L T Y .
G as, R a ilr o a d a n d E le ctric L ig h t C o.
S to c k s ,
GEO, B . R IP L E Y ,
6 6 .B r o a d w a y *
B u sin ess.
A L L O W S INTEREST ON D A IL Y BALAN CES SUBJECT
TO CHECK.
TRUSTEE U N D ER MORTOAOES. T R A N SF E R A G EN T
R E G IST R A R .
BOARD OF DIRECTORS.
T. Jefferson Coolidge. Jr., President"
Frederick L. Ames,
John F. Anderson,!
John L. Bremer.
Martin Brimmer
T. J efferson Coolidge,
George F. Fabyan,
George P. Gardner
Francis L. Higginson.1
Henry 8. Howe,
W alter Hunnewell,
William P. Mason
George V on L. M eyer,i
Laurence Minot,
Richard Olney
Henry R. Reed,
Lucius M. Sargent,
Nathaniel Thayer
John I. W aterbury,
Stephen M. W eld,
Henry C. W eston
T. JEFFER SO N COOLIDGE, JR .,
P resid en t,
Manhattan
Secretary
Trust
B oom
8«
Co.
Corner o f W all and Nassan Sts., N. Y.
*1,000,000
C A P IT A L ,
DIRECTORS
F. 0 . French, N. Y .
H . W . Cannon, 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. Northcote. 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. J r„ N. J.
J. I. Waterbury, N. Y
F. O. French, President.
J. I. Waterbury, V.-Pres
A . T. French, Secretary and Treasurer.
ALLOW S INTEREST ON DEPOSITS,
EXE
CUTES TRUSTS OF E V E R Y DESCRIPTION
REG ISTR AR AN D TRAN SFER AGENT
Metropolitan Trust Co.
3 7 a n d 3 9 W a l l S tr e e t. N e w Y o r k .
P a id -U p C a p ita l ...........................SA.OOO.OOO
S u r p l n n ........... ....................................... .
St. Louis, mo.
C a p ita l a n d S u rp lu s, D IR E C T O R S !
Jos. C . Platt, C. E .,
D IR E C T O R S .
A . S. J. P e r r Y, o f Johnston, Crews & Co., wholesale
-
The Nassau Trust Co.
dry goods.
W tllia m M. B i r r , 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 & Co., jewelers.
J. H . F. K o e n ig , with Knoop, Frerichs & Co., cotton
exporters.
L
G eo . B. E d w a r d s , Pres. Electric Light & Power Co
"O F F IC E R S .
C a p ita l
S u r p lu s ,
C. S TUCKERM AN,
A GEN ERAL TRUST COMPANY BUSINESS.
Allow s 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 ^Param ore
Wm. F. Nolker,
John Scullin,
Geo. H. Goddard
T. O’Reilly, M .D., B .F . Hammett, James Campbell,
8. W . Cobb,
S. E. Hoffman, J. W. Kauffman,
Aug. B. Ewing,
D. W . Caruth, Julius S. Walsh,
S, R. Francis.
Williamson Bacon.
OFFICERS:
J u l iu s S. W a l s h , President.
J oh n D. P e r r y , 1st Vice-President.
J o h n Sc u l l in , 2d Vice-President.
B r e c k i n r i d g e J o n e s , Secretary,
GEO. B. EDW ARDS, President.
P. N. PICKENS, Cashier.
H. C. W H ILDEN, Secretary and Treasurer.
J. LA M B PE RR Y , Solicitor,
SM YTHE & LEE, General Counsel.
B O ST O N , HASS.
C A P I T A L A N D S U l t P I A A - * 9 .7 5 0 ,0 0 0
Exchange Banking &
Mississippi Valley Trust
Trust Company,
Company,
CHARLESTON S. C.,
T r a n s a c t s a G e n e r a l B a n k in g a n d T ru st
B u sin e ss. S a v in g s D e p a rtm e n t. In terest
A llo w e d o n D e p o sits.
O LD C O LO N Y
TR U ST CO M PANY.
,
7 0 0 ,0 0 0
Designated as a legal depository by order o f
8npreme Court. Receive deposits o f m oney on in
terest, act as fiscal or transfer agent, or trustee for
corporations, and accept and execute any legal trusts
<
rom persons or corporations, on as favorable terms
as other similar companies.
T homas Hillhouse, Pres. Fred’k D. Tappen, V.-Pres
C. M. Jesup, 2d V.-Pres.
Beverly Chew, Secretary.
George D Coanev. A ssis'm Secretary.
The Mutual Benefit
L IF E IN S U R A N C E C O ., N E W A R K , N. J .
AM ZI DODD, President.
Assets (Market Values), Jan. 1,1882...........$48,57* 383
Liabilities (N.Y. and Mass. Standard)........45,381,486
S u rp lu s.........................................
3,545,782
Surplus, by form er N .Y . Standard,
(Am. E x . 4)i per cent Reserve)................ 6,137,600
POLICIES A B SO L U T E L Y N O N -FO RFE IT A B L E A F T E R
SECOND Y E A H .
I n c a se o f l a p s e the Policy is c o n t in u e d i n fo rce
as long as its value will pay for: or, if preferred, a
Paid-up policy fo r its full value is issued in exchange.
A fter the second year Policies are in c o n t e st a b l e ,
except as against intentional fraud ; and all restrtdtions as to residence, travel or occupation are removed.
Ca s h l o a n s are made to the extent o f 50 per cent
o f the reserve value, where valid assignments o f the
policies can be made as collateral seeim cy.
L osses paid immediately upon com pletion and ap
proval o f proofs.
U N IO N M U T U A L
Life Insurance Company,
P O R T L A N D , M A IN E *
INCORPORATED 1848.
JOHN E. D e W IT T , President.
The increasing tendency o f the public to patronize
the s m a l l e r and m ore c o n s e r v a t i v e o f the L ife
Insurance companies o f the country had its effect
upon the business o f the Union Mutual L ife Insur
ance Company in 1891, which was one o f the best in
the Company’s history.
Parties desiring to negotiate fo r agencies are in
vited to address the H om e Office, or any Manager o f
the Company, fo r further inform ation.
R . T . Wilson & Co.,
RANKERS a n d c o m m i s s i o n m e r c h a n t »
3 3 W a l l S tr e e t! N e w Y o r k * .
î ’bbrüary
e. 1V9.j
8
_
THE
v ii
C H R O N IC L E .
J m x iin u s .
In su ra n ce
fin a n c ia l.
Richard V. Harnett & Co. New York & Northern
Henry W. Donald, Auctioneer.
Railway Co.
A T L A N T IC M U T U A L REGULAR AUCTION SALE Notice to 2d Mortgage Bondholders.
OF
o f f ic e
: o f THE
S to ck s a n d B o n d s ,
Insurance Company,
TUESDAY, Feb. 9, at 12:30 P. M.
A t the Real-Estate Exchange & A uction R oom ,
Nos. 59 to 65 lib e r ty St.
N e w Y o r k , January 25th, 1892.
The Trustees, in conform ity with the Charter
o f the Company, submit the follow in g state
m ent o f its affairs on 31st day o f D ecem ber,
1891.
Prem ium s on Marine Risks from
1st January, 1891, to 31st
D ecem ber, 1891....................... $3,862,687 97
Prem ’ fns on Policies not m arked
o ff 1st J a n u a rj, 1891................ 1,394,177 87
T otal Marine Prem ium s....... *5,256,865 84
Prem ium s m arked o ff from 1st
January, 1891, to 3 ls t D e
cem ber, 1 8 9 1 . . . . . . . . . .............. 53,784,723 36
Losses paid during the same
P eriod................................... $1 ,836 ,325 11
Returns o f Premi
ums and E xpenses.$784,790 57
The Company has the follow in g Assets, v iz .
United States and State o f New
Y o rk Stock, City, Bank and
other Stocks................
$7,567,155 00
L oans secured b y Stocks and
otherw ise....................................
2,009,100 00
Real Estate and Claims due the
Company, estimated at............. 1,083,400 36
Prem ium Notes and B ills R e
ceivable..............................
1,425,030 93
193,895 88
Cash in Bank..............
Amount.
,$12,278,582 17
S IX P E R CENT INTEREST on the outstand
in g certificates o f profits w ill be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 2d o f February next.
TH E OUTSTANDING CERTIFICATES o f
the issue o f 1887 w ill be redeem ed and paid to
the holders thereof, o r their legal representa
tives, on and after Tuesday, the 2d o f Febru
ary next, from w hich date all interest thereon
w ill cease. The certificates to be produced at
the time o f paym ent and canceled.
A DIVIDEN D OF F O R TY P E R CENT is
declared on the net earned prem ium s o f the
Com pany fo r the year ending 31st D ecem ber,
1891, fo r w h ich certificates will be issued on
and after Tuesday, the 3d o f M ay next.
B y order o f the Board,
J . E l. C H A P M A N , S ec re ta ry .
TRUSTEES:
J. D. Jones,
W . H. H. Moore,
A . A. Raven,
Joseph H. Chapman,
Jam es Low,
W m. Sturgis,
Benjam in H. Field,
Jam es G. D e Forest,
William D egroot,
W illiam H. W ebb,
H orace Gray,
W illiam E. Dod-re,
¡George Bliss,
John L. Riker,
C. A. Hand,
Joh n D. H ew lett,
Charles P. Burdett,
H enry E . H aw ley,
Charles H. Marshall,
Charles D. L everich,
Edward Floyd Jones,
George H. Macy,
L aw rence Turnure,
W aldron P. B row n,
A nson W . Hard,
Isaac Bell,
N. D enton Smith,
Thom as M aitland,
George L. Nichols,
G ustav Am sinck,
Joseph Agostini,
G eorge W. Campbell,
V ernon H. Brown,
Christian de Thomsen,
Leander N. Lovell.
JOH N D. JONES, President.
W. H. H. MOORE, V ice President.
A. A. R A V E N , 2d Vice-President.
(By order o f W m. H. Mackey, Trustee.)
38 shares Nicaragua Canal Construction Co., 5100
each. (Lots o f 1 share or m ore.)
88 shares Maritime Canal Co. o f Nicaragua. $100
each. (Lots o f 1 share or m ore.)
88 Scrip Certificates, $ 00 each, fo r 1st mortgage
bonds o f the Maritime Canal Co. o f Nic
aragua. due Jan. 1,1893. (Lots o f 1 certitica e or more.)
(By order o f Executrix.)
1 membership Consolidated Stock and Petroleum
Exchange, (subject to all rules o f the
exchange.)
(For account o f whom it may concern.)
10 shares Southern National Bank, 100 each.
5 shares Madtson Square Bank. $100 each.
10 shares Commercial Alliance L ife Insurance Co.,
$100 each.
10 shares Union Trust Co., $100 each.
4" shares Farmers’ Loan & Trust t'o., $25 each.
10 shares New York Biscuit Co., $100 each.
10 shares Commercial Alliance L ife Insurance Co.,
$100 each.
5 shares National City Bank, $100 each.
5" shares National Park Bank. $100 each.
100 shares National Broadway Bank, $25 each.
25 shares Chatham National Bank. $25 each,
250 shares National Citizens’ Bank, $25 each.
25 shares East Side Bank, $100 each.
$25,OuO Jackson Lansing & Saginaw R R. Co. 5 per
Bonds, due 19ol.
$5,000 Jersey City 7 per cent Bonds, due 1893.
$10,000 City o f Elizabeth Adjustm ent 4 per cent
Bonds, due 1932.
$10,000 Morris & Essex RR. Co. 1st Mortgage 7 per
cent Bonds, due 1914.
$10,000 Long Island RR. Co. 1st Mortgage 7 per cent
Bond-1 due 1898.
,
$1,000 City o f < iucinnati 7 3-10 per cent Bonds, due
1902.
$1,000 Georgia RR. & Banking Co. 6 per cent Bonds,
due 1897.
Lists at auctioneers’, 71 and 73 Liberty St.
N. B.—Sales should he received by noon on Friday
to get the benefit o f advertising in this paper.
S T O C K S and BO N D S
A t Auction.
The undersigned hold R E G U L A R W EEKLY
AUCTION SALES o f all classes o f
S T O C K S AND
BONDS
[ON
E V E R Y W E D N E S D A Y .!
A D R IA N II . D U L L E R A SON,
c
NO. 1 PINE STREET. NEW YO R K .
CANADIAN PACIFIC BAILW AY CO.
D IV ID E N D
N O T IC E .
A half-yearly dividend upon the capital stock o f
this company, at the rate o f F IV E PE R CENT per
annum, will be paid on Feb. 17 next, to sharunoiders
o f record on that date. Of this dividend One and
One-Half Per Cent is from the annuity provided fo r
by a deposit with the Canadian Governm ei t and
One Per Cent is from the surplus earnings o f the
^W arrants fo r this dividend, payable at the A gency
o f the Bank o f Montreal, 50 W all Street, New York,
will be delivered on and after Feb. 17, at that agency,
to shareholders on the New York Register.
W arrants o f European shareholders on the L on
don Register will be payable in sterling at the rate of
Four Shillings and One Penny H alf-pennv (4s. lj^d.)
per dollar, less income tax, at the Bank o f Montreal,
22 A bchnrch Lane, London, and will be delivered on
or about the same date at the office o f the company,
1 Queen Victoria Street, London, England.
The transfer books o f the company will be closed
in London at 3 o ’clock P. M. Friday, Jan. 8, and in
Montreal and New York at the same hour on Satur
day Jan. 23, and will be re-opened at 10 o ’clock A .
M. on Thursday, the 18th o f February next.
By order o f the Board,
CHARLES D R IN K W A T E R , Secretary.
Offic e of t h e Se c r e t a r y , Montreal, Dee. 22,1891
r p R E W H E E L IN G & L A K E E R IE R A I L I
W A Y COMPANY.
NO 40 W A L L S ’ ’., N EW YO RK , JAN . 19,1892.
DIVIDEND NO. 10.
A dividend o f one and one-quarter (1)4) per cent on
the preferred stock o f this comp-my fo r the quar
ter ending l>ec. 81,1891, has this dwybeen declared,
and will be paid ou and after Feb. 10,1892. The
transfer books will close on Feo. 5, at 8 o ’clock
and reopen Feb. 17 at 10 o ’ clock A . M.
ana
pe
J A M E S M . H A M , Secretary.
N e w Y o r k , February 3,1892.
A t a meeting o f the Board o f Directors o f the New
Y ork & Northern Railway Company, held this day,
the following resolution was unanimously a d o p te d :
W H E R E A S : The interest upon tile Second M ort
gage bonds o f this Company has becom e a fixed
charge upon its earnings, therefore he it
R ESO LV E D : That a meeting o f the Second Mort
gage Bondholders he called by the President o f
this Company fo r W ednesday, March the 2d, 1892,
at 12 o ’clock noon, at the office o f the Company,
32 Nassau St., to consider the financial prospects
o f the Company, and such plans and statements
as may he submitted.
In accordance with the above, NOTICE is hereby
given that a meeting o f the Second Mortgage B ond
holders o f the New York & N orthern Railway Com
pany will be held at the office o f the Company, 82
Nassau St., at 12 o ’clock noon, March the 2d, 1892.
R . S . H A Y E S , P re s id e n t.
Notice to Bondholders.
Notice is hereby given to the holder or holders o f
the follow ing First Mortgage Land Grant and Incom e
Bonds o f the Texas & St. Louis Railway Company
to present and file the same in the registry o f t o o
Circuit Court o f the United States fo r the Northern
District o f Texas, at W aco, on or b efore the first
day o f July, A . D., 1895, then and there to receive
the dividends declared due ou said bonds by said
court in its final decree, rendered in equity cause
number 56, entitled
“ JOHN W . PH ILLIPS and L . B. FISH, Trustees,
vs.
T H E T E XA S & ST. LOUIS R A IL W A Y COMPANY
IN TEXAS, ET A L ."
Said bonds are numbered as fo llo w s :
512, 513, 514, 515, 516, 517, 599,607, 608,609, 610, 611
645, 654, 655, 656, 657, 659, 766, 768, 769,770, 77l, 772,
773, 774, 775, 776, 777, 778, 779, 780, 781,782, 783, 784,
785, 786, 787, 788, 789, 790, 791, 792,793, 794, 795, 796
797, 798, 799, 800, 801, 802, 803, 804,805,806,807, 808,
809, 810, 811, 812, 813, 819, 820, 829,830,831, 832, 833,
834, 835, 836, 837, 838, 839, 840.
J. H . FINKS,
Clerk U. S. Circuit Court fo r the Northern District o f
Texas at W aco.
r p e E M E R C A N T IL E T R U S T C O M tP A N Y ,
-I
NO. 120 B R O A D W A Y ,
Ne w Y o r k , Feb. 2,1892.
PROPOSALS FOR T H E SALE OF S T . L O U IS
IR O N M O U N T A IN & S O U T H E R N R A I L
W A Y C O M P A N Y ’ S G E N E R A L C O N S O L I
D A T E D R A I L W A V and L A N D G R A N T
M O R T G A G E B O N D S to the extent o f F IF T Y
(50) bonds, or any part thereof, will be received by
T H E M ERCANTILE TRUST COMPANY, TRUS
TEE, on or before Feb. 10th inst.
The purchase is to he made from the proceeds o f
land sales, and the right is reserved to reject any mid
LOUIS FITZG ER A LD, President.
¡H IC A G O &
NOTICE—A Q U A RTE R LY DIVIDEND o t TW O
IL L A R S PER SH A R E has this dav been declared
toe P R EFE R RE D AN D COMMON STOCK o ftW s
mpany, payable on the F -R ST D A Y o f M ARCH
x t to stockholders o f record at the close o f busi
es hour-« on the 10th inst.
X
T
rhe dividend on shares registered in New Y ork
11 be paid at the office o f t o e com pany s agents,
Bssrs. JOHN PATON & CO., No. 52 William St.,
»w York, and the dividend on shares registered in
ticago will be paid at the office o f the Treasurer
the com pany.
C. H . FOSTER, Treasurer,
Office o f the
E D IS O N G E N E R A L E L E C T R I C C O .,
E d ison B u ild in g , B r o a d * t .,
Ne w Y o r k , Jan. 5,1892.
«ntlce is hereby given that the annual meeting o f
e stockholders o f the Edison General Electric
mmany will be held at the office o f the company,
Uson Building, Broad 8 t„ New York, at noon on
ednesday Feb. 10,1892, for the purpose o f electing
rectors fo r the ensuing year, and fo r the transac>n o f such other business as may com e before the
Che^ransfer books will he closed at 3 o ’clock P. M.
Jan. 20,1892, and re-opened Feb. 11,1892.
i v order o f the Board o f Directors, _
TOffice 205BOOKBINDING , COMPANY. 21,1892.
East 12th St., New York, Jan.
r o w
TH O R O U G H C IP H E R C O D E.
Secresy Device Perfect: Copious Blanks: Handy Size
(9 1 .5 0 e a c h .) (9 3 .0 0 p a ir.) (9 1 5 .0 0 d o z .)
GET i t fro m
PUBLISHERS,
C. BU RN Z,
B U R N Z & CO.
2 4 C linton PI.
or
5 th F lo o r ,
3 3 W a ll S t.
d ir e c t o r y
p r in t in g
and
’
DIVIDEND No . 2.
A dividend o f two per cent on the preferred stock
o f this company fo r the quarter ending Jan. 15,1892,
has been declared and will be paid on and after Feb.
15. T he transfer books will close Jan. 30 at noon
and reopen Feb. 16 at 10 A . M.
Dividend checks will be mailed to stockholders.
W . H . BATES, Secretary.
THE
▼ I ll
Iptm ttciaL
C H R O N IC L E .
[V ol.
rmauciaX,
Ifim m ciaX.
STA TEM EN T
LTV.
Ne w Y o r k , February 1,1892.
T o the S to c k h o ld e r s an d B on d h o ld e rs o f the
OF TH E
Tarvis-Conklin Mortgage Elizabethtown Lexington South Garoliua Railway
Company.
Trust Company,
& Big Sandy R R . Co.
A T TH E
The Chesapeake & Ohio Railway Company having,
under a contract with C. P. H untington, purchased
from him all his securities in the above-named com
ASSETS.
85,970,913 06 pany, and having agreed to offer the. same terms to
First Mortgages.........................
29,146 92 other holders o f like securities, hereby gives notice
Second Mortgages.....................
Cash Deposited with Banks
754,273 00 that on and after this date it is prepared to receive
and Bankers.............................
National Bank o f Commerce,
such securities fo r exchange on the terms stated
Kansas City—Independence
below, at the office o f Drexel, Morgan & Co., New
National Bank, Philadelphia
York (who will Issue temporary negotiable receipts
—City National Bank, Provi
dence— Mercantile National
therefor), provided the same are deposited on or
Bank, New York—London
before the 20th February, 1892.
& Westminster Bank, Lon
don — Kobarts, Lubbock &
$1,000 Chesapeake & Ohio Railway Company 4J£ per
Co., London.
17,469 35 cent gold bond o f 1892 (on which Interest will be paid
Cash on hand..............................
158,437 50 from March 1,1892) to he given in exchange for each
U. S. Governm ent B onds........
4 per cen t.............................. .. $50,000 00
$1,000 Elizabethtown Lexington & Big Sandy Rail
dJé per cent...... ..................... 100,000 00
road Company first mortgage 6 per cent bond, with
Premium on same ................
8,437 50
March, 1892, coupon attached ; which coupon will be
Municipal and Corporation
B onds........................................
1,985,001 00 purchased and paid fo r In cash on or before July 1,
Bills receivable.........................
189,554 52 1892, to the holders o f Drexel, Morgan & C o ’s re
Real Estate.................................
655,46189 ceipts.
Furniture and Fixtures...........
7,525 05
10 shares com m on stock o f the Chesapeake & Ohio
Due from Agents and Corres
pondents ...................................
259,868 72 Railway Company to be given In exchange fo r each
$1,000 debenture bond o f the Elizabethtown L e x
$9,927,651 01
ington & Big Sandy Railroad Company.
L IA B IL IT IE S .
Capital Stock...................................................... $2,175,00000 1 share com m on stock o f the Chesapeake & Ohio
Surplus Fund...................................................... 215,00000 Railway Company to be given in exchange fo r each
Undivided Profits............................
219,817 47
Dividend Payable January 15,1892 ........ 107,695 46 2 shares o f the Elizabethtown Lexington & Big
Debentures Outstanding, secured by first
Sandy Railroad Company.
' m ortgages........................................................ 4,329,18009
The stock and bonds o f the Chesapeake & Ohio
Debentures Outstanding, secured by
municipal and corporation bonds.......... 1,233,939 23 Railway Company above referred to will be part o f
Principal paid by Borrowers on Loans not
the Issues contem plated in its circular o f January
d u e.................................................................... 215,20276
22,1892, (addressed to the holders o f certificates fo r
Interest paid by Borrowers on Coupons
not d u e ......................................................
166,16107 its stock ); and the securities o f the Elizabethtown
Deposits Awaiting Investm ent....................... 630,80156 Lexington & Big Sandy Railroad Company exchanged
Other Deposits—Trust F u n d s....................... 634,85337
as above will be deposited as part o f the security for
$9,927,661 01 the Chesapeake & Ohio mortgage, with suitable proKAN SAS CITY,
)
•
visions fo r the reorganization o f said Elizabethtown
St a t e o f M i s s o u r i . 5
I hereby swear the above statement is true and Lexington & Big Sandy property, if found expedient.
correct to the best o f my knowledge and belief.
B y o r d e r o f th e B o a r d o f D ir e cto r s,
H E R B E R T MILLS. A ss’t Treasurer.
Correct—A tte s t:
ROLAND R. CONKLIN.
Subscribed and sworn to before me this 31st day o f
December, 1891.
F. P. R a d c l if f , Notary Public.
Commission expires February 4th, 1894.
R E O R G A N IZ A T IO N .
C L O S E O F B U S IN E S S , D E C . 3 1 , 1 8 9 1 .
The Chesapeake & Ohio
Railway Company,
IN V E S T M E N T S E C U R IT IE S .
Deposits received on Certificates payable on de
mand or on time. A cts as Administrator, Executor,
Trustee, and as Financial A gent fo r Cities or Counties,
and as Trustee fo r Railroad and other Corporations.
„
OFFICES:
N ew Y o rk ,
Ninth & W yandotte Sts.
P h ila d e lp h ia ,
618 Walnut St.
18 W all St.
Sy racuse Binghamton &
New York
1st Mortgage 7 Per Cent Bonds.
D u e 1 9 0 0 . In te r e st A p r il an d O ctob er.
Principal and Interest guaranteed by the D E LA
W A R E L A C K A W A N N A & W ESTERN RR. CO.
P ro v id e n ce ,
L ondon,
Lehigh Valley Terminal
Railway Co.
27 Custom H ouse St.
05 Gresham St.
D ne 1 9 4 1 .
ROAD
and the principal cross-town horse car lines,
B O U G H T AN D BOLD B Y
Dick Brothers & Lawrence,
B r o a d w a y , M ew Y ork*
Chronicle Volumes
102
W ILLIAM
R.
DANA
Hollister & Babcock,
STREET, NEW
GO*.
YORK.
W ALL
STRE E T, NEW
F ra n k E . W in g ,
YORK.
H e n ry A . G la s s fo r d .
E d w a r d N . G ib b s. S p e c ia l.
St. L. Salem & Ark. By. 1st M. guar. 5s.
Terre Haute & Indianapolis Consol. 5s.
Newark Pass. R ’y Bonds and Stock.
Buffalo Hailway Bonds and Stock.
United Electric B ’y (N ashville) B’nds.
Housatonic B B. P referret Stock.
D E A L T IN B Y
F IN E A R T S .
KO H N ’ S A E T BOO M S.
L. Crist Delmonico,
Union Trust Co. Building,
80
SUCCESSOR.
B R O A D W A Y .
Modern Paintings.
FO R S A L E ,
On f a v o n b l e term s, a sm all bu t c o n s e r v a
tiv e issu e ($ 6 5 ,0 0 0 ) 6 p e r cent tw en ty -fiv e
y e a r , g o ld , W a t e r W o r k s B on d s, M u n ic ip a l
c o n tra ct, p led g ed an d p a id d ire ct 10 T r u s
te e . Y ie ld s m ore th an to ta l in te re st ch a rg e .
F u ll p a r tic u la rs , w it h p r ic e , on a p p lic a
tio n .
Wm. P. Parrish,
&
18
E sta b lish e d in 1 8 7 5 .
D iv id en d s q u a rte rly , F e b r u a r y .
FO R SALE B Y
1870.
‘ Any office pos -easing these volumes since 1870 has
at hand for convenient reference a complete and re
liable financial history o f the period. Parties having
(he more recent volumes can obtain from the pub
Ushers most o f the earlier volumes, or complete ae
• in be furnished.
W IL L IA M
Og-
8b
Guaranteed 5 Per Cent Stock.
&
Chemical Industries Investigated, New Processes
Examined. Plans and Specifications oí W orks Fur
nished. A lso Yearly Contracts for Consultations.
S IN C E
BONDS,
By the N. Y. CE N T R A L & HUDSON R IV E R RR. CO.
Chemical Engineers and
Consulting Chemsts.
K o o in s 9 7 &
Charles T . W ing & Co.,
In te re st A p r il an d O ctob er.
Rome Watertown
densburg
3 0 B r o a d S tr e e t, N ew Y o r k .
W IL L I A M E H E N R Y C H A N D L E R
W A L D R O N S H A P L E IG H ,
Ne w Y o r k , Jan. 25,1892.
G. S. ELLIS, Secretary, 54 W all St.
Principal and Interest guaranteed by the LE H IG H
V A L L E Y RR. CO.
Controlling the
CABLE
F R E D E R IC P . O L C O T T,
GU STAVE J. W E T Z L E R ,
F . S. S M IT H E R S ,
OTTO LOEW EN GARD,
H EN RY P. TALM ADGE,
C om m ittee.
SAMUEL H. BARROWS, 34 N ew St .
1st Mortgage 5 P er Cent Bonds.
Metropolitan Traction
Stock,
B B O ID W A Y
A S U B S T A N T IA L M A J O R IT Y OF T H E
SECOND M O R T G A G E B O N D S , U N D E R
W H IC H A L O N E A R E O R G A N IZ A T IO N
A P P E A R S P R A C T IC A B L E , A S W E L L
A S A C O N S ID E R A B L E A M OUNT O F T H E
S TO C K A N D T H E IN C O M E B O N D S , H A S
ALREADY
B E E N D E P O S IT E D , A N D
S T E P S A R E N O W B E IN G T A K E N U N D E R
T H E D IR E C T IO N O F T H I S C O M M IT T E E
TO F O R E C L O S E T H E P R O P E R T Y O F
TH E R A IL W A Y COM PANY.
B y M . E . IN G A L L S , P resid en t.
Jarvis-Conklin
Mortgage Trust Company,
K a n s a s C ity,
N O T IC E : T h e tim e f o r th e d e p osit o f the
s e c u r itie s o i th e S ou th C a r o lin a R a ilw a y
C om p an y (o th e r th a n th e first m o rtg a g e
bon ds) w it h th e C en tra l T ru st C om p an y o i
N ew Y o r k , Is e x te n d e d to M o n d a y , F e b
r u a r y 1 5 , 1 5 9 2 , In clu siv e, a fte r w h ic h d ate
s e c u r itie s w ill b e r e c e iv e d o n ly u p on such
term s a s m ay he d e c id 'd b y th e C om m ittee.
A
NEW
YORK
C H IC A G O
&
Betw een 21st and 22d Streets.
3 £ to je
© h r o t w le .
Terms o f Subscr ptiois:
35 W A L L STREET.
THE
1 6 6 F I F T H ¡A V E N U E , N E W Y O R K ,
ST.
ST. LOUIS R AIL R O A D CO.
G r a n ij C entrat . D epo t , . )
.
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.
The transfer books fo r first preferred stock will be
closed at 3 o ’clock P. M. on Monday, the first day o f
February, and will be reopened on the morning o f
W e dues day, the second day o f March.
ALLYN COX, Treasurer.
For One Year in United S t a t e s . ...................... .$10 00
For Six Months
do
......... .............
6 00
European Subscription......................................
1150
European Subscription Six M onths.............. ... . 6 75
Annual Subscription in L ondon......................... £2 8s.
Six Mos.
do
do
........................... £ 1 0 *.
These prices include
I n v e s t o r s ' S u p p lem en t o f 1 5 0 pages.
S ta te a n d C ity S u p p lem en t o i 1 8 0 p nges.
W I L L I A M B . D A N A & C O ., P u b lis h e r s
1 0 2 W illia m S tre e t, N E W Y O R K .
P ost Offic b B o x 958.
íitím c |a í
o mfl*
in c 1
r
H U N T ’ S
M E R C H A N T S’
M A G A ZIN E ,
§*
§ U tM p p r i,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES,
[E ntered according to A ct o f Congress, in the year 1892, h y W m . B. D an a & C o., in the office o f the Librarian o f Congress, W ashington, D. C.]
% \ xt
The exhibit of clearings for the month of January is quite
favorable, the increase over 1891 in*the aggregate being 13-8
per cent, while contrasted with 1890 the gain reaches 7-0
per cent._____________________ ___________•
(D h r o u ic lc .
CLEARING HOUSE RETURNS.
*
The totals for all the clearing houses record a falling off
from the preceding week of fifty-three millions o f dollars, but
contrasted with the similar period of 1891 there is an excess
of 22 per cent in the aggregate, and a gain o f 9-2 percent
outside of New York.
Week Endino January 30.
1892.
New Y o r k ........................
Sales of—
(Stocks.............. shares.)
<Cotton................bales.)
(Grain.............bushels.)
( Petroleum...........bbls.)
$
763,804,396
1891.
P. Cent
3
583,264,647
Week End’o Jan. 23
1892.
P . Cent.
+ 30 9
„ *
790,342,154
+ 27 1
(1,108.064) (+ 83 2
(2,029.747)
(510.100) (+56-3)
(797,400)
(85,928,500) (20.047.162) (+79-2)
(692,000) (-75-1)
(172,000)
(2,280.367)
(713,300)
(33,610.900)
(232,000)
(+154-9)
(+40-8)
(+102-6
( -8 3 1
+6-4
+7-5
+10-3
+15-3
+34-5
+93
-2 -6
—11
-5 -6
New B edford...................
86,963,170
4,907,100
1,832,778
1,323,263
1,535.500
1,092,829
1,061,191
742,712
309,673
82,673.981
6.026.800
1,886,374
1.187.690
1.039.911
1,062,311
983.687
620.536
406,063
+5 2
-2 -4
- 2 '8
+11-4
+47-7
+2-9
+79
+19-7
—238
93.969.274
5,860.100
2,094.949
1,654.693
1,605,821
1,300,638
1,104,229
868.167
602,867
T otal New E ngland...
99,768,116
94,887,353
+6-1
108,960,738
W ashington....................
B in gh am ton...................
59.622.837
13,042,911
13.890,336
7,230,607
1,487,387
1.383,706
621.672
771.703
187,700
-49-7
+17-4
+15-7
—3 2
+13-8
-2 -6
+166
—4-0
+26 3
70.308.797
10.212.352
16,633,499
8,316.066
1,733.674
1.343.326
1,001.410
930,319
274,700
+5-1
+16 6
+21.2
+11-2
+9-9
■4-1-2
+16-8
+0-7
+11-2
T otal M iddle........... .
108,531,212
98,238,859
+10-5
116,754,143
+9-2
L exin gton........................
82,720,185
14.364,600
7,179,930
6.356,115
5.297.181
2.848.300
2.468.796
2.038,205
772.993
333,689
71.790.263
12,643,200
6.075.334
4,882.235
4,306,632
2.647.600
1.838,069
1,845,687
845,474
327,844
+14-7
+13-6
+18-2
+30-2
+ 2>"0
* 7"6
+34-3
+121
-8 6
+17-8
88.835.719
15.078.850
6.983.766
6.446.629
6.737.911
3.002.000
2,284,908
1.755,591
1.124,534
440,000
+16-7
+17-9
+13-7
+27-4
+5-2
+2-8
+ 246
-7 -9
+ 59 4
-0 8
T otal Middle W estern.
124,409,994
107,202,338
+16-1
131,689,908
L os A ngeles.....................
14.706,248
1.787.280
1.476,615
948,831
1.051,671
690,271
16.630,982
1.644,402
2.120,824
1,011,381
1.117.040
645,400
-11-6
+8-7
—3 0+
- 6 '2
-5 -9
+26-5
14,299,618
1,962,766
1.652,900
1.064,908
901,112
844,488
+4-5
+1-2
-14-8
+12-6
-14-3
+20-9
T otal Pacific................
20,660,916
23,070,029
—10-4
20,726,792
+2'3
Kansas C ity....................
T o p e k a .............................
8.696.469
5.953,910
4.494,448
6.649.690
4.283.833
1.724,001
1.581,947
1.050.058
828,728
629,882
744,128
387,095
7,554,134
6.042.721
3.357.508
4.163,930
3.526,670
1,674,882
1.454,874
833,690
487,443
628,470
454,760
360,757
+15-1
+18-1
+33-9
+ 35-7
+21-6
+2-9
4-8-9
+25-2
+70-0
-t-0-2
463-7
4-7-3
8.997,320
6.480.216
4,870,513
4.944,987
4.898,872
1.971,153
2,058.34«
1,14 3,758
874.541
608,673
637,768
405,892
+19-5
+19-0
+ 24 9
+29-5
+ 21 0
+10-1
+32-2
+2-3
+ 354
-1 3 1
+ 49 3
+4-1
T otal Other W estern..
36,030,169
29,544,839
422-0
37,792,037
+20-9
Bt. L ou is.........................
New Orleans...................
Louisville.........................
G alveston.........................
H ou ston ...........................
21.227,952
12.882,208,
7.012,197
2.760,612
1.986,613
1,747,628
2.681,833
1.066,078
655.601
824.493
446,000
499,435
900,000
1.875,641
l,387,ló6
19.088.953
14.411,979
6.255,369
2.769,245!
1.726.827
1,934,123
2.564.602
1,123,385
949,559
1.060.908
387,200
655,036
762,671
+11-2
-10-6
+12-1
-0 -3
415-0
—9-6
+4-6
-5 1
-3 0 9
—223
+15-2
—23*8
+180
22,275,765
11,698,370
7.202.597
2.079.C96
1.845.683
1,849,949
2.630.888
1,025,000
656.031
890.388
421,000
652,796
800,000
1.791.509
1,331,265
+3-9
—27-6
+3-4
—293
-7 -7
—107
—271
-6 -0
-27-6
—13-1
-21-2
—15*3
+15-7
+1-9
53,927,562
-1 0-3
+22-0 1,260.192.334
+9"2 469,850,180
+19-4
Bait Lake C ity................
Bt. P a u l.. ........................
D es Moines......................
W ich ita ............................
M em phis..........................
Dallas...............................
F ort W orth .....................
N orfolk .............................
Chattanooga....................
W aco.................................
S avannah*.......... ..........
54,690,650
53,689,857
T o ta l a ll........... ............ 1,207,895,453
Outside N ew Y ork ........ 444,091,057
989,897,922
T otal S ou th ern ..........
Montreal*.........................
9,758,660
Toronto*...... ...................
H am ilton*........................
6.900.000
572.148
* N ot included in totals.
444,091,057
7.469.860
1,087,372
+30-6
9,647,848
1 066 592
61588,719
778.930
1891.
P.Ct.
1890.
1890.
$
$
$
3
New Y o rk ................ 3,548,615,966 2,956,989,366 +20-0 3,274,398,410 3,069,703,884
Boston......................
H artford..................
Springfield..............
W orcester............ ..
New B ed ford..........
440.056.777
25.093.300
11,608,043
6,563,243
6,831,143
5.590.361
5,316,009
3,457.564
1,869,587
424,681.464
26.171.300
12.156.096
6.611.221
6.762.190
5.429.187
5,572,206
3.424,559
2,328,552
+ 3-6
—4-1
—4-5
-0 -7
+18-6
+3-0
-4 -e
+10
-19-7
464.760,985
25.567.800
11320,134
6.351.338
6.000.724
5.071,835
5,390.984
3.143,466
1,957,758
430,705,477
23,387,500
11,026,564
5.914.460
5.683.897
5.024.281
4.708,773
8.392,410
1,979,684
T otal N. Eng........
606,386,017
492.136,775 +2-9
629,565,024
491,823,046
Philadelphia...........
310.437.847
63,611.495
73.123.333
33,262,263
7,396,005
6,198,505
4.571.570
8,598,015
1,166,900
302.745,139
66,912,840
63.968,672
31,870,707
7,577,895
6,366,764
3.719,622
3,774,749
1,110,600
+2-5
+11-8
+14-3
+4-4
+4*2
—2*0
f22-9
—4‘7
+51
325,451,193
68,486,292
71,747,193
23,729,762
6,314,392
312,038,861
53.418,486
58,258,140
3.021.193
3,813,876
3,703,157
3,508,843
Baltimore...............
+ 16 1
Ban Francisco.................
C h ica go... ......................
January.
1892.
+6-8
66,391,039
15,316,711
16,0/7.913
7.001,677
1,693,088
1.348,017
725.089
740,728
237,100
N O . 1,389.
S A T U R D A Y , F E B R U A R Y 6, 1 8 9 2.
V O L . 54.
W ashington...........
W ilm ington............
Binghamton...........
4,747,111
Total M iddle........
503,865,933
478,046,988 +5-4
602,563,901
435,674,597
345.552.662
58,634,800
26.916,553
24.165,235
22.040.572
13.066.500
9.000,563
8,362,655
4,182,527
2,065,396
+12-7
+10
—5-9
-10-3
226.038.598
57.029,600
24,764.647
21,477.037
21,541,613
12.997,800
10.401,441
6.086.193
3,314.568
2,397,511
269.209.079
50.051.450
22,310,184
21,875,671
15.841.893
10.112.673
8.777.736
6.630.866
3,125,637
L exin gton ...............
394,056,126
63,319,000
30.290.617
29.0U0.000
23.576.118
13.294.400
10.146.677
8.445.241
3.936,701
1,852,846
Tot.M . W est..........
677,917,726
513,977,463 +12 4
+14-0
+8-0
i-12'5
+20-0
+7 0
456,049,008
407,935,188
66.376.678
8,744,659
7,587,450
4.184.618
3,676,290
3,204,640
69,670,745
8,584,845
8,776,471
4,078,656
6.132,699
3,451,822
-4 -7
4-1*9
—13*1
A2-6
-28'4
-7 2
60,489.458
6,369,490
69,546,821
2.924,574
4,212,522
3,332,432
3,831,167
Total P a c ific ......
93,774,335
99,695,238 -5 -9
77,328,476
75,366,492
Kansas City............
40.782,518
81.115,504
20,538,894
24.502,773
20.504,768
8.325.386
7.935.854
4.988,628
3.929.602
2.370.000
3.240.000
1,918,239
36.016.310
25,648,176
17.685,557
18,316,101
17.592,289
7.744.302
7,456,770
4.618,659
2,808,346
2.543,318
2,149,422
1,904,301
-I-13-2
-*-21*3
+16-1
+33-8
+16-6
+7-5
+6-4
+80
f39"9
-6 -8
+50-7
+0-7
38.662.880
19.048.716
17.842,168
20.049.905
19.236.219
8.359.191
7.196.502
4,295,407
2,748,571
3.257,136
2,619,294
1,755,756
38.298,313
16.969,805
16.177,693
16.216,444
15.866.827
9.665,104
6.226,494
2.193,487
2.351.247
2.994,183
1.940,253
1,955,949
T ot oth’r W .......... ~170.152.166
144,483,559 f 17"8
145,071,745
130,855,799
98.255.240
52.715.668
31.352,079
11,525,037
8,869,516
8,454,730
11.571,091
10.000,000
97.620.745 +0-7
69.429,930 -24-1
32.449,175 -3 -4
15,482,441 —25-6
8,334,093 -f6'4
19,547,663 —19 8
15.144,511 -23-6
9.774.515 -t-2-3
5,294,663 -13-5
4.372,201 -17-1
4.871,486 -17-9
2.331.000 —23-2
2,939,850 -1 6 1
3,269,588 + 22 3
94,715,140
71.184.501
38,081,870
8,058,444
84.199,804
56.667,891
31.263,842
7,051,484
Portland..................
Los A ngeles...........
T o p e k a ..............
Galveston................
2.625.548
3.999.655
1.780,000
2,465,665
4,000,000
Birmingham...........
W aco........................
1,988,504
9.071,356
15,957,584
10.521.334 5
5.765,514
6.318.061 ‘
8.951.265
2,849,178
3,994,535
14.206,990
10.300.WU
ö.4yö,u4v
2,591,343
T4.064.412
213,838,814
270,468,782
252,195,798 281,861,871 -10-5
Total all.............. . 57652,907,941 4,967,201,260 +13-8 5,255,445,346 4,825,197,820
Outside N. V........ 2,104.291,975 2,010,201,894 +4-7 1.981.046,936 1.755.493,936
T otal South..........
Our compilation of sales, &c., for January is as follows :
January, 1891.
January, 1892.
Description. P a r Value
or Quantity
Actual
Value.
A ver’oe P a r Value
P rice. or Quantity
9,992,043
Stock |
3933,019,100 } 533,383,777 57-2 {
B R . bonds.. 368,411,000 354,126,001 79-1
3357,606 117-0
3305.700
Gov’t bonds
3177,594 40-9
2134.700
State bonds.
3129,343 124-7
3103,725
Bank stocks
Actual
Value.
Aver’ge
Price.
5,618,789
3540, ln8,550 ( 268,489,862 49-1.
343,003.500 334,111,460 79-3
3204,811 119-9
3170,800
3135,154 59*5
2227,000
3242,795 130-5
3168,630
3583,703,480 3303,181.082 51-9
T o t a l... 31002274225 3588,174,321 58-7
+8-3
32,903.0*0 72c.
4.032,000
38,160,250 62c.
PetTm .bbls
1,316.000
+13-7 C otton .bls.
2,211,800 3104,347.780 347-18
3.337,800 3127,319,725 338 14
—18*3 Grain.bush. 138,773,125 3118,888,166 8511-16
73,895,187 376,758,772 9 1 «c.
T otal valu*»
3842.542,462!
3178,i83;674
F o r t a b le o f c le a r in g s by te le g r a p h see “ F in a n c ia l S ituation.**
220
THE
C H R O N IC L E .
[VOL. LIV.
Midland guaranty (calling on February 1 for only alit_
tie over ninety thousand dollars) and that the traders
should have been enabled through such rumors to de
See pages 255, 256, 257, 258, 259, 260 and 261 press some of its securities two or three points. When
for our State and City Department to-day.
we remember that the Atchison is a road that has
A ll advertisements with relation to State and City Bonds averaged of late
million dollars net earnings every
will likewise be found on the same and following pages.
month, that its December net though only
millions
is still $312,895 larger than for December 1890, while
THE F IN A N C IA L SIT U A T IO N
its net for the last six months of 1891 shows an in
The markets have been in a very unsettled state dur crease of $1,580,208 over the same six months of the
ing the week. This has been the work of a combina previous year;—when these facts are remembered one
tion of unfavorable circumstances, most of them merely cannot help being surprised even in this sensitive
temporary and all of them exaggerated by those who period at the gullibility the public manifested.
The flow of money from the interior has proved te
are interested in lower prices at the Stock Exchange.
No class of operators could have power to arrest the be not quite so much of a feature this week, while the
favorable course of events were it not for the nervous shipments have been heavier. Our banks are paying
ness which prevails so widely in financial circles on ac interest for as large an amount of deposits as they care
count of the constantly advancing rates for foreign ex to, so long as rates for money continue so low, and hence
change.... With the anxiety respecting the currency the rivalry to pile up funds has become a trifle less
which that movement excites, with new legal tender apparent in some quarters than it Tyas. We may assume
notes given for the monthly purchases of 4-| million that this feeling has checked the inflow in some meas
ounces of silver forced into circulation in weekly regu ure. On the other hand, a very considerable demand
larity notwithstanding the banks are so full of idle for money has sprung up from outside cities. From
money, and with the agitators in Washington advo Chicago and other Western banks notes have been
cating, devising and actually pushing new plans for dis sent here, large in the aggregate, for rediscount, while
turbing our currency stability, who can wonder when some Eastern corporations, and particularly Eastern
each week also brings added signs of another export cities, are borrowing freely, the latter on municipal
movement of gold, that every unfavorable whisper obligations given in anticipation of the collection of
should not only find ready belief, but quickly assume an taxes late in the fall. We hear of some such transac
tions by Eastern cities for as long as ten months, at as
exaggerated form.
Apparently a substantial setb-ack to the progress mak low as 3 per cen t; it does not need to be said that the
ing in railroad affairs has been the smaller earnings borrower was first-class. It is claimed that money is
reported from so many districts.
Those from the cheaper in New York than in any other part of the
South have been anticipated all along, as being sure country. Deposits in our Clearing House institutions
to occur as soon as the smaller cotton crop should last Saturday reached $509,514,000; as we said last
Jbegin to disclose its decreased proportions by a smaller week, the largest previous aggregate recorded since the
movement. Unfortunately, however, a decline in ship resumption of specie payments was on July 6, 1889,
ments of cotton came concurrently with loss to the when the total deposits were $445,797,500. Last week’s
railroads from heavy rains and floods and less favorable return also showed a surplus of #36,020,900, and as
planting and business conditions which have lessened five of the larger banks held only $12,161,400, the re
the volume of all traffic. But rains and floods are mainder must have been well distributed. These facts*
only a temporary interference, and in a month or added to the further fact that loans aggregated but
two such of the influences mentioned as are of $453,582,700, show why money is cheap.
Money on call, representing bankers’ balances,
a more permanent character will in good part have
lost their severity, for in earnings we shall be loaned during the week at 2£ per cent and at 1 per cent,
comparing with a corresponding smaller movement averaging 2 per cen t; renewals were made at 2 per cent,
a year ago. Then, too, it would be a wonder were cot and banks and trust companies quote 2 per cent as tjfcie
ton values not to advance as the season progresses. If minimum, while some obtain 2£ per cent. Time loans
we can put confidence in Mr. Ellison’s estimates of the are freely offered and the demand is fa ir ; rates on first. world’s supply and consumption for future months, class Stock Exchange collateral are 2 per cent for thirty
which we have received by cable and give in a subse days, 21 per cent for sixty days, 3 to 3£ per cent for
quent article to-day, there will be a substantial loss in ninety days to four months, and 4 per cent for five $0
the amount of cotton in sight on the first of October seven months. The inquiry for commercial paper is
1892 compared with October 1891. Then if the iron good ; rates are 3| per cent for sixty to ninety-day en
market should improve too with the opening of spring, dorsed bills receivable, 3 f to 4£ per cent for four months
percent for good
when the railroads will again be able to go to work in commission house names and 4£ to
single names having from four to six months to ru n ..
the North laying rails, affairs in the South would take
The cable reports an excited Bourse at Paris on
on a very different aspect.
As to the reduced railroad earnings in other sections, Thursday, owing to rumors that several banks are in
especially in the West, it is a very temporary affair trouble because of recent frauds, but private advices
and has been fully explained by us on previous seemed to attach little importance to the rumors. The
occasions, so that we need not stop here to remark new Imperial and Prussian loans, together amounting'
upon it. Much has been made of a small decrease to 340 million marks, will be issued on the 9th, and; a
reported one week in Atchison (a week during which part syndicate of Berlin bankers is now receiving subscrip
of the road was snowed in), and it illustrates how sensi tions. The issue price is 83 marks 60 pfennigs, A
tive the feeling is in financial circles that this small Paris cable reports the negotiation of a new Russian 4
decrease, especially under t h e , circumstances which per cent railway loan amounting to £8,000,000, to .be
existed, . could have helped ,tp. give currency to a floated by a syndicate of St. Petersburg and Paris
rumor that Atchison had defaulted on its Colorado banks. The issue of an Austrian loan for 200 m ilTHE
STATE AW CITY ®Ef AFUVTEWT,
®
F hbruary 6,1892.]
THE
C H R O N IC L E .
lion florins, in connection with the resumption
of gold payments, has been postponed until next year.
The cable reports discounts of sixty to ninety-day
bank bills in London I f per cent. The open market
rate at Paris is 2 f per cent, at Berlin it is I f per
cent, and at Frankfort I f per cent. The Bank of
England gained £21,000 bullion during the week; this,
as we are advised by special cable to us, was due to the
import of £130,000, principally from Portugal and
China, to receipts from the interior of Great Britain
of £207,000, and to exports wholly to Russia and
France of £316,000. The Bank of France shows a
gain of £671,000 gold for the week.
Foreign exchange has been firm this week, with brief
intervals of ease, due to a relaxation in the demand
and io offerings of loan bills, the sellers of sixty day
sterling expecting to cover the bills at a lower figure
before the expiration of this period. There has also
been some marketing of maturing drafts, which were
bought less than sixty days ago to secure interest, but
these offerings have made only a temporary impression
upon the market because of the scarcity of other
bankers' and commercial bills and the good inquiry to
remit for stocks sold for European account. Compared
with Friday of last week the market opened unchanged,
with all drawers posting 4 85 for sixty day and 4 87 for
sight. Brown Bros, advanced their rates to 4 85-£ for
long and 4 87-£ for short on Monday morning, and
on the following day the other drawers posted the same
figures. On Thursday Brown Bros, advanced sixtyday to 4 86 and sight to 4 88, although the concessions
they made caused the bills to net about half a cent per
pound sterling less for each. In the afternoon the
Bank of Montreal advanced to 4 86 for long and 4 88
for short, and yesterday the Bank of British North
America posted the same figures. The market closed
firm at 4 85|@4 86 for sixty days and 4 87£@
4 88 for sight. Rates for actual business were 4 84|to 4 85 for long, 4 86f to 4 87 for short, 4 87 to 4 87i
for cable transfers, 4 83f to 4 84 for prime and 4 83£
to 4 83£ for documentary commercial bills. The La
Bourgogne arrived on Thursday with $250,000 gold in
transit.
The state of trade remains about the same as hereto
fore— not quite satisfactory and rather below expecta
tions— and on the whole the tone is perhaps some
what less confident, in the absence of the revival which
had been so generally looked for. We have prepared
this week our statements of bank clearings for Janu
ary, and they reflect quite clearly the ruling condi
tions— that is, while there is improvement in the
aggregate, certain special cities and sections show
marked depression, and, moreover, the increased spec
ulation on our New York Stock Exchange has played
an unusually prominent part in affecting the results.
Taking thti total of all the cities, including New York,
there is an increase of 686 million dollars, or 13*8 per
cent, over the same month in 1891, when there had
been a decrease from 1890 of 288 million dollars. Out
side of New York, however, the increase is only 4-7
per cent, following a small gain in the year preceding,
and this confirms what has been said as to
the effect
of
the Stock Exchange
specula
tion at New York.
The following furnishes a
summary of the totals both with and without New
York, for each month since last June. It will be
observed that the comparisons for December and Janu
ary have been on the whole much better than those for
the months preceding.
221
Clearings, Total All.
Month.
1891.
1890.
Clearings Outside Mew York.
P .C t.
1891.
1890.
$
$
$
$
J o ly ........... 4,371,385,989 4,827,282,487 -9 -4 1,893,269,741 1,994,125,043
August.... 4,158,848,818 4,794,466,373 -13-3 1,755,350,767 1,834,329,025
September. 5,275,485,189 4,992,353,798 +5-7 1,952,964,980 1,900,360,459
3d quar... 13,805,719,996 14,614,102,658 —5-5 5,601,585',488 5,728,814,527
P .C t.
-5*1
-4 -3
+2«
—2-8
5,460,363,280 5,809,390,833 -6 -0 2,178,253,653 2,242,857,399 —2*9
4,966,111,997 5,406,786,691 -8 -1 2,017,851,088 2,057,017,531 -1 -9
5,370,832,340 4,847,609,388 +10-8 2,111,787,094 1,980,119,653 +6-6
1th quar.. 15,797,307,617 16,063,786,912 —1-6 6,307,891,835 6,279,994,583 + 0 -5
O ctober....
November.
December..
January....
1892.
1891.
5,652,907,941 4,967,201,260 +13-8
1892.
1891.
2,104,291,975 2,010,201,894 +4-7
Before proceeding further it will be desirable to see
just what the aggregate of the Stock Exchange sales
was in January. It appears that the sales reached
nearly 10 million shares (9,992,043 shares). This is
below the amount for September, but otherwise is the
largest total of any month since May 1890. In Janu
ary of last year the sales reached only 5,618,789 shares,
so that the increase has been over 4£ million shares.
The market value of the sales was just about double
that of last year, as will appear by the subjoined state
ment.
BALES O F ST O C K S A T T H E N E W Y O R K ST O C K E X C H A N G E .
1891.
Month. Number
of Shares.
1890.
Values.
Par.
$
July.... 3,154,417 309,692,100
August 5,845,383 574,306,250
Sept.... 11,176,232 1,079.688,850
Actual.
Number
o f Shares,
$
180,596,153 3,004,913
324,018,668 4,141,605
692,654,462 5,141,541
Values.
P ar.
Actual.
$
276,741,235
392,072,315
488.382,390
*
176,583,444
250,580,605
311,310,475
3d qr. 20,176,032 1,963,68; ,200 1,097,299,283 12,288,064 1.157,195,940 738.474,524
652.261.450 373,563,805 7,165,761 681,679,820 425.614.882
503,826,475 302.082,331 9,066,694 851,473,460 430,887,916
643.327.450 371,137.155 5,137,125 483,269,100 265,817,234
4th qr 18,863,432 1,799,415,376 1,046,785,291 21,369,580 2,016,422,380 1,122,320,032
1892.
1891.
J au ..
9,992,043 933.019.100 533,383,777 5,618,789 540,138,550 268.489,862
Oct...... 6,736,872
N ov.. . 5,348,652
D e c . . . 6,777,908
Thus the value of the share transactions in January
1892 was 533 million dollars, against only 268 million
dollars in January 1891, being an increase of 265 mil
lion dollars. On the basis of our usual allowance of an
average of 2£ checks to each transaction, this 265 mil
lion dollars increase in stock sales would represent an
increase in clearings of 662 million dollars. The entire
increase in clearings we have seen is 686 million dol
lars, and hence it is ' evident that except for the larger
stock speculation the increase in clearings would have
been comparatively trifling. At New York, with the
Stock Exchange business eliminated, the clearings
would show a loss. In view of this fact, it is important
to see how the clearings at other leading cities com
pare. For all the cities outside of New York, it was
shown above, there is an increase of 4-7 per cent over
1891; the following table, however, furnishes a separate
comparison for some of the more prominent centres.
BANK CLEARINGS AT LEADING CITIES FOR JANUARY.
(000,000«
1892. 1891. 1890. 1889. 1888. 1887. 1886. 1885.
omitted.)
9
9
9
9
$
9
9
9
New Y o rk ... ; ,549 2,957 :3,274 3,070 2,521 2,953 2,876
3
2,185
B oston..........
440
425
465
431
366
364
373
297
Chicago........
394
346
296
269
234
212
197
189
Philadelphia
310
303
325
312
270
259
228
197
St. L o u is ___
98
98
95
84
73
71
65
68
8an Fran’ co.
66
70
60
70
63
57
41
53
New Orleans
53
69
71
57
56
46
41
49
B a ltim ore...
73
64
72
58
52
61
52
57
Cincinnati...
63
59
57
50
48
46
38
40
P ittsb u rg . . .
64
57
68
53
52
42
33
31
Kansas City.
41
36
39
38
31
28
18
18
T ota l......... 5,151 4,484 4,822 4,492 3,766 4,139 3,9t>2 3,184
Other cities..
502
483
433
333
231
278
190
150
Total a ll...
Outside N. Y.
5,653
2,104
4,967
2,010
5,255
1,981
4,825
1,755
4,044
1,523
4,370
1,417
4,152
1,276
This on the whole presents a satisfactory exhibit.
Out of the eleven points given, San Francisco and New
THE
222
C H R O N IC L E .
Orleans are the only ones showing losses from 1891;
most of the others not only have gains as compared
with last year hut record the largest clearings of all the
years given. The loss at New Orleans and San Fran
cisco is typical of the sections which those points rep
resent. This will appear more clearly from an exami
nation of our detailed statement given on a preceding
page. That statement shows that when arranged by
geographical groups the Pacific Coast and the South are
the only two divisions recording a falling off, the loss in
the one case being 5*9 per cent and in the other 10^- per
-cent, and in both cases the clearing houses reporting
a decrease greatly outnumber those reporting an in
crease. For the period since the close of January
that is for the week ending to-day— the results so far as
we have been able to get the returns by telegraph in our
usual manner, indicate quite noteworthy gains as com
pared with last year. The statement is as follows. It
has been crowded out of its customary place on the
page preceding the present article, and the method of
preparing it has been explained on previous occasions.
[V o l, U V .
against $17,286 ; and the Northern Central net of $8,905, against a deficit of $38,555.
The Oregon Im
provement has net of $40,282, against $53,636; the
Denver & Rio Grande, $288,131, against $324,383; the
Rio Grande Western, $87,059, against $117,035 ; and
the Louisville & Nashville, $605,895, against $626,009.
The following gives the week's movements of money
to and from the interior by the New York banks.
Week Ending Feb. 6. 1892.
9-old ............... .....................................
T otal gold and lega l ten d ers—
C lbabctss .
Returns by Telegraph.
1892.
1891.
P er Gent.
+ 22-8
C h ica go.....................................
S t L ou is....... ...........................
New O rlea n s...........................
$673,183,161
88,957,388
68,348,842
14,105,082
84,407,000
19,602,569
11,016,891
$548,031,969
80.471.775
67,325,590
12.455.775
60,116,000
18,510,362
11,531,291
Seven cities, 5 d a y s -------Other cities, 5 days................
$959,620,933
156,986,294
$788,442,702
135,603,226
+21-7
+16-8
Total all cities, 5 d a y s ...
A ll cities, 1 day......................
$1,116,607,227
229,408,763
$924,050,988
196,416,598
+ 20-8
$1,346,015,990 ) $1,119,467,586
+30-2
New Y o r k ............- .............
Boston...................................
Philadelphia...........................
Baltimore..............................
T otal all cities fo r w e e k ...
+10-5
+19-2
+13-2
+40-4
+5-9
—4 5
+17-4
It will be observed that while New Orleans again has
a decrease, New York, Boston, Philadelphia, Chicago
and St. Louis all show enlarged totals.
Our review of railroad gross earnings for January
will be given next week. We have prepared this week
a preliminary summary to show the comparison for the
48 roads that have thus far reported their figures for
the month. Aggregate earnings for these 48 roads are
$21,244,339 for January 1892, against $20,147,749 for
January 1891, being a gain of $1,096,590, or 5'44 per
cent. For the fourth week of January our tables on an
other page show 4-33 per cent gain on 37 roads, and for
the third week a loss of 2-66 per cent on 87 roads. Some
strikingly good returns of net earnings for December
have come to hand this week in addition to those pre
viously received, the Atchison and the Burlington
& Quincy being especially conspicuous in this
respect.
The Quincy reports an increase in
gross for the month of over seven hundred
thousand dollars and an increase in net of nearly a quar
ter of a million. For the calendar year, notwithstand
ing the heavy losses in the early months, there is a gain
' of $221,789 in gross earnings and of $931,925 in net
earnings. The Atchison (including the San Francisco)
jias gained $312,895 in its net for the month, and
this makes the gain for the first half of the current fis
cal year $1,580,208. The Ohio & Mississippi for the
month has net of $96,460, against $56,146 ; the Buffalo
Rochester & Pittsburg, $72,894, against $29,734 ; the
Western New York & Pennsylvania, $106,525, against
$67,889 ; the Philadelphia & Erie, $122,298, against
$102,567; the Norfolk & Western, $271,761, against
$209,254; the Colorado Midland, $57,733, against $54,
106; the New York Ontario & Western, $55,074,
against $42,363; the Elgin Joliet & Eastern, $30,894
against $8,092; the Chicago & West Michigan, $21,164,
N et Interior
Movement.
$3,958,000
341,000
$2,285,000 Gain.$l,673,000
459,000
800,000 Loss.
$4,299,000
$3,085,000 Gain.$1.214,0C0
Result with Sub-Treasury operations and gold imports.
Out o f
Banks.
Week Ending Feb. 5, 1893.
Into
Banks.
B anks’ Interior m ovem ent, as atmve
Sub Treasury operation«.......... — -
$4,299,000
15,000,000
T otal gold and lega l tenders —
N et Change in
Bank Holdings.
$3,085,000 Gain.$l, 214,000
600,000
14,500,000 Gain.
$19,299,000 $17,585,000 Gain $1,714,000
Bullion holdings of European banks.
February 5, 1891.
February 4, 1892.
Bank of
Gold.
£
Week Ending February 0.
Received by Shipped by
N .T. Bankt. N. T. Bantus.
Silver.
Silver.
£
23,055,849
{England......... 23,055,349
sta n ce........... 64,824,804 50,217,131 105,041,995 Germany.. .. 35,971,050 11,990,350 47,961,400
6.494.000 16,740,000 22,234,000
tn e t.-H u n ’y.
8.164.000 6,593,000 9,757,000
Netherlands..
Nat. B’lglum . 2,741,333 1,370,887 4,112,000
£
25,290,730
45,374,000 49.690,000
27,590,66713,795,333
5.433.000 16,573,000
4.194.000 5,471,000
2,687,333 1,313,637
Total.
£
25,290,720
95.064.000
41.386.000
22,006,000
9.665.000
4.031.000
Tot.this week 125,250,596 86Ì911,148 212,161,744 j110,569,720 80.873.000 197,442,720
Tot. prev. w’k 124,577,467 186,726,487 211,303,95li 109,318,712186,700,667 193,019,379
CHANGES I N GOVERNMENT D E B T AND
CURRENCY HOLDINGS.
There are several facts which the Treasury reports
disclose this month that are of general interest. In the
debt changes we find another reduction made in the
old refunding certificates issued under the act of Febru
ary 26 1879. The inquiry has been raised a3 to the
occasion of the issue of this peculiar form of interestbearing debt. We supposed all our readers were fam
iliar with the facts ; but events crowd upon one another
so rapidly now-a-days that the 'past gets easily obliter
ated. A brief summary will no doubt recall the entire
transaction to any who have forgotten it.
The purpose of the law which authorized the issue
of the refunding certifieates was the distribution as far
as practicable of the funded debt among the people.
Hence the certifieates were restricted to the denomina
tion of $10, to bear interest at the rate of four per cent
from April 1 1879, and were convertible whenever de
sired in sums of $50 or its multiples into 4 per cent
bonds. After the five-twenties had all been funded
there remained $194,566,300 of ten-forties hearing 5
per cent interest to be converted. To secure the funds
for that purpose, on the 16th of April 1879 four per
cents were offered at a premium of one-half of one per
cent, these certificates being at the same time put on
the market at par as the law required. The bonds
offered were more than subscribed for, while the
premium they bore made the certificates eagerly sought
after, and hence quite a struggle ensued between the pub
lic and the Government in the latter's endeavor to get
the certificates widely distributed. Depositaries for their
sale had been designated in all parts of the country,
and after April 18 sales were restricted to sums not ex
ceeding $100 at one time, while on April 28 the officers
making the sales were directed to refuse applications
wherever it was supposed they were made with the
purpose of immediate conversion, the right of conver
sion being also postponed until July 1 1879. Notwithi standing these precautionary efforts, out of a total q£
February
6, 1892.J
THE
C H R O N IC L E .
2 23
$40,012,750 refunding certificates which were sub tion." The C8rtificate/ came in and was renewed May
scribed for, there had been converted on October 31 of 27 1858, but from that date until the day it was paid,
the same year $37,203,350, showing that at that early December 31 1891, over thirty-three years, the bank
date after their issue only $2,809,400 were left out never saw the certificate. In the meantime the prin
standing, and hence that the aim of the law and of the cipal officers of the institution had died and in fact
Department had been substantially frustrated.
the original bank had gone out of business, the present
The reader will see from the above what an excellent Boatmen's Bank being the successor; and yet the
investment the man of small capital has had in these obligation lived to be presented and paid, the adminis
certificates; and he will at the same time also see an trator receiving $202 09 for the $75 which had been
inducement to such a holder for delaying the period of outstanding ever since 1858.
redemption, growing out of the fact that he finally gets
As a matter of practical concern, the reduction in thea 4 per cent bond at par for the accumulations of inter debt to the amount of $l,995,652-50 has considerable
est as well as for the principal. In the month of Janu importance, for it has added just that sum to the
ary $1,440 of these certificates were presented and drafts upon the Treasury. In January too there waa
canceled. Interest on this amount from April 1 1879 7^- millions of dollars interest which fell due the first
to say the middle of January 1892 would be $736 80, day of the year. Altogether therefore the ordinary
which would bring the value of the investment up to disbursements were augmented in that month about 91$2,176 80 if the redemptions averaged the middle of millions of dollars. This explanation will help to ren
the month. We see that the 4 per cents increased in der more intelligible the following comparative state
the same period $2,150, whatever balance there was ment of the Treasury cash on the first day of January
being paid in cash. As the four per cents are now and the first day of February.
-----------------1892.------------------- »
selling at, say, 116, the owner, if he elects to sell, would
Holdings by Treasurer in Sub-Treas.......
January 1.
February l i
get a premium of $344 on his bonds. Adding this Net gold coin and bullion............................. $130,740,631 $119,574,904
5,042,347
7,9 02,4 50
premium and the $26 80 cash he is assumed to have Net silver coin and bu llion.................. ........
U. S. Treasury notes, act Ju ly 14 18 90....
2,031,045
5,514,681
received to the principal of his bonds, and it will be Legal tender notejfc.......................................
3,648,665
*176,297
4,651,152
6,028,889
found that the investment has netted the owner from National bank noires....................................
Fractional s ilv e r .................... .......................
13,789,325
14,494,842
April 1 1879 very nearly 6 per cent simple interest.
Total G ov’t casb in sub-treasuries....... $159,903,165
$1 53,3 39,4 60
As a matter affecting, in the month of January, the
Amount in national b a n k s .............. ..........
19,837,682
18,944,387
total of the Government debt, the foregoing transac
T otal cash in banks and sub-treasuries. $179,740,847 $172,283,856
tion has increased the interest-bearing obligations only
* D eficiency.
to the extent of the interest funded ($710), the face cr
Attention has been called to the loss the gold iteih
principal of the 4 per cent certificate ($1,440) haying
shows. That is in large part explained by the interest
figured in the debt statement previously. Other
payments already referred to. The congested state of
changes during January were caused (1) by the
the money market and the accumulations of currency
redemption of $666,900 of the 4 j per cents which
at New York are a further explanation, for when
matured September 2 1891 (leaving only $2,372,250 of
such a condition prevails there is no absorption
these 4^- per cents still outstanding), (2) by the
by the
country of the 4£ millionmonthly
addi
redemption of $540 of matured debt of a previous
tions to the
currency, and the notes
conse
date not given, and (3) by the decrease of $1,328,922 50
quently
return to the Treasury in payment of
in the national bank note redemption fund, which
customs duties.
Comparing the above totals we
fund, as our readers well know, was by the act of July
find the loss of cash in the month was only
141890 turned over to cash and the account thereby
$7,456,991, or just about the amount called for to meet'
made a part of the Government debt. Putting all
the maturing interest. It is to be said, however, that
these items together (the $710 increase in funded debt
the actual interest payments in January are reported at
with the decreases of $666,900 in the 4-| per cents
$6,673,000, showing that a considerable portion of the
matured September 2 1891, of $540 in other matured
amount falling due was not presented during the
debt and of $1,328,922 50 in the bank note redemption
month. But at the same time it is noteworthy that
fund) the net decrease in the debt in January has
the Treasurer was able to pay all ordinary disburse
amounted to $1,995,652 50.
ments besides $6,673,000 of interest and $1,995,652 50
Surprise has been expressed that the old matured
of matured debt, while his cash decreased less than 71
debt obligations should keep coming into the Treasury
million dollars. This is the more remarkable when it
for redemption, some of them, too, after being called
is found that the Government revenue was only $30,and interest stopped for a great many years. The
542,000 in January 1892 against $37,056,000 in Jan
truth is, a Government or corporation bond, or in
uary 1891.
fact any interest-bearing obligation, is seldom lost; at
times by fire or in some such way loss may occur, but
THE REDUCTION I N K A N S A S RATES.
then the owner knows of the occurrence, proves the
loss and recovers the money. Of course currency,
In the action of the Kansas Board of Railroad Com
which is carried on one's person or is all the time in act missioners in reducing fifth-class freight rates, which
ive circulation, is liable to destruction in various ways ; reduced rates the roads this week put in force— at least
but any bond or interest-bearing obligation is put away temporarily—we have another illustration of the diffi
so safely that some day it inevitably comes to the light. culties attending transportation operations in the West
An interesting incident bearing on this point was called and of the conflict of interests between different trade
to our notice two or three weeks since by the Boat centres, under which the carrying industry is invariably
men's Bank of St. Louis. That bank on Feb. 271858, made to suffer. The action has excited considerable
when it was the Boatmen's Savings Institution, issued criticism and comment, and until the last moment it
a certificate of deposit to Stephen Moriarty for $75, seemed doubtful whether the order of the Commission
bearing interest at 6 per cent for three months and 5 I to reduce rates would be obeyed, most of the roads be
per cent for i( all time after maturity until presenta ing apparently in favor of disregarding it. Finally,
i 224
THE
C H R O N IC L E .
however, the rates were put into effect, application be
in g at the same time made to the Commissioners for a
rehearing of the case, which application has been
granted.
Beyond the mere fact that rates have been reduced
and that the roads have opposed the reduction, very
little appears to be known about the matter in this
part of the country. The nature and significance of
the action, its merits or demerits, and the reasons in
fluencing the Commissioners in the course taken—
these have received very little elucidation. On exami
nation it appears that the affair presents simply a new
phase of an old and rather familiar problem. In an
article on National and State legislation published by
us some two or three years ago, we pointed out that
hostility to railroad interests since the enactment of
the Inter-State Act had come not so much from farm
ers and those engaged in agriculture, as from interior
jobbers and manufacturers who had by the new act
been deprived of the preferences and advantages
which they had previously enjoyed
in their
competition
with the larger centres. We also
noted that the National and State laws were
really antagonistic in the theories on which they
were based. The National law sought to abolish all
preferences and advantages, not based on natural condi
tions, between different localities, whereas the States
were interested in retaining these preferences and ad
vantages, each State desiring to favor its own people
and its own locality. The Federal law said in effect,
if you give one section or locality a preference, then
you must give other sections and localities a like advan
tage, and re-adjust your whole fabric of rates. The law
also said that the charge for the short haul must not be
greater than that for the long haul. The roads changed
their methods accordingly and entirely rearranged their
rates, the re-adjustment as is known being effected as a
rule by scaling down rather than scaling up. But the
interior jobbers and manufacturers were not satisfied
with merely low rates— it was preferential rates, allow
ing them to make a profit in competition with the
larger markets, they wanted, and sinee they could no
longer get this in the ordinary way they undertook to
get it through the aid of the State in reducing local
and short-haul tariffs. Thus the carriers were hit in a
number of different ways, and the large loss of revenue
which followed was the result.
We make these general observations bearing on the
position of interior jobbers under the Inter-State law,
because in the present case the reduction of fifth class
rates by the Kansas Board raises considerations of a
very similar nature. This reduction is made purely
and simply so that wholesale groeers in the interior of
Kansas,, some 200 to 250 miles from the Missouri River
— say at Hutchinson, Wichita, &c.— shall be able to sell
to local retailers as advantageously as Missouri River
dealers shipping direct to the retailers without the in
tervention of the interior Kansas jobber. It is easy to
See that under ordinary conditions the interior jobber
must be at a disadvantage as compared with the Mis
souri River dealer. The Kansas Commission seek to
remove this disadvantage by compelling the carriers to
reduce their rates— that is, the idea is to give the in
terior dealer rates low enough to admit of his buying
his goods at the Missouri River, have them transported
to his store, broken up into small lots, and then
shipped in these small lots at small-lot rates to re
tail dealers in the surrounding territory— the idea is to
admit of the interior dealer doing all this, and yet sell
[Yol. LIV.
to the retailer as cheaply as a Missouri River dealer
sending his goods direct and without break to the
retailer.
Most of the Missouri River points, with
which the interior points are obliged to compete, are out
side of Kansas, and this seems to be thought an added
reason for compelling the carriers to make rates which
will place the interior jobber on a plane of equality with
or give him a preference over the Missouri River jobber,
so that Kansas may get the trade which the outside
points are now getting.
One or two illustrations of the way the old rates
worked, taken from the decision of the Commission,
will serve perhaps to show more clearly the actual situ
ation of the interior jobber. From the Missouri River
to Nickerson in Kansas is 231 miles. It appears that
the River dealer can ship to that point in small quan
tities (that is, less than car load lots) at fourth class
rates for 41 cents per 100 lbs. The Hutchinson dealer
is 11 miles from Nickerson and 220 miles from the
Missouri River, according to the Commissioners. This
Hutchinson dealer of course gets his goods in large
quantities (car load lots) at fifth class rates, and thus
pays only 36 cents per 100 lbs. In selling to the Nick
erson retailer, however, he is obliged to make a reship
ment from Hutchinson to Nickerson, and the charge
on this, which goes in small quantities and therefore
takes 4th class rates, is 9 cents. The result is, that the
total charge to the Hutchinson dealer is 45 cents,
whereas the Missouri River dealer shipping right
through without break can have his goods carried for
41 cents. In tabular form the showing is as follows.
Per 100 lbs
Missouri B iver to Hutchinson (220 miles) in oar load lots
(fifth class rates).............................................................................. 36 cents
Hutchinson to Nickerson (11 miles) in lest than oar load lots
(4th class r a t e s )................................................................................. 9 “
Total charge fo r 231 m iles to Hutohinson dealer................. 45
Missouri B iver to Nickerson d irect in less than car load lots
(4th c l a s s ) ........................................................................................ 41
“
Difference in fa v or o f Missouri B iver jo b b e r .........................
“
4
“
There seems nothing unnatural, unreasonable or un
just in a somewhat higher charge as the result of two
separate shipments than for a continuous shipment over
the same aggregate distance. In other words, the sum
of the locals— especially where the one local represents
a comparatively short haul on small shipments—must
be expected to be higher than a through rate between
the same initial and the same terminal point. This
may be affirmed to be the rule, too, all over the coun
try, the exceptions where the sum of the locals is no
greater than the through rate being very rare ; and
there seems no reason why the rule should not hold
good even where, as in the present instance, comparison
is between a through shipment in less than car load lots
on the one hand and a local shipment part in car load
lots and part in less than car load lots on the other
hand. But the Kansas Commissioners speak of the
territory “ naturally tributary ” to the interior jobber
and seem to think that this belongs to him and should
be secured to him, and the outside jobber be barred
o u t; they also see, as they think, an opportunity for
promoting the interests of the Kansas jobber and trade
centres at the expense of the outside jobber and trade
centres, and hence they have taken radical and arbi
trary action. They have ordered a reduction in the fifth
class or car load rate from the Missouri River to Hutch
inson and Wichita from the previous figure of 36 cents
to only 29 cents, or no less than 7 cents per 100 lbs.
The reduction amounts to nearly 20 per cent, and is
made for the sole purpose of lowering the cost of the
goods to the interior jobber. Now observe the effect
of this change on the position of the latter. With the
F ebruary 6,1892,J
THE
C H R O N IC L E . .
short haul or distributing rate from Hutchinson to
Nickerson 9 cents, the same as before, the new 29 cent
rate from the Missouri River makes the total charge to
the interior jobber only 38 cents, while the cost to the
Missouri Riyer dealer on a continuous through ship
ment would be 41 cents. Here is the calculation
worked out.
P er 100 lbs.
M issouri R iver to H utchinson (fifth class ra te )............................29 cents
H utchinson to N ickerson (fourth class rate)................................. 9
“
Total charge to H utchinson dealer........................................... 38
M issouri R iyer rate to N ickerson d ire ct........................................41
D ifference in fa vor o f Kansas jo b b e r ......................................
3
“
“
“
Thus a wonderful transformation has been effected.
The Kansas jobber, who before was at a disadvantage
o f 4 cents per 100 lbs. as compared with the Missouri
River jobber, now has an advantage of 3 cents per 100
lbs. To be sure the 7 cents a hundred pounds which
the Kansas jobber gains the Kansas railroads lose, but
in the estimation of the Commission that appar
ently is a matter of trifling importance. It is worth
noting, however, as showing the lengths to which the
Commission have gone, that as the result of the reduc
tion the sum of the locals is actually less than the rate
on a continuous shipment— that is, it is actually cheaper
to ship to Hutchinson and then reship in broken lots to
Nickerson than to ship direct to the point in question. It
is proper to add that to points more remote than Nicker
son the same advantage would not exist for the Kansas
jobber. For instance, on shipments to Great Bend, 49
miles from Hutchinson, the sum of the locals even after
the 7 cent reduction will still be somewhat greater than
the through rate, but in this case as in the other the
carriers lose the 7 cents per 100 lbs. In discussing the
various methods for placing the Kansas dealers on an
equality with those on the Missouri River, the Board
argued that there were several ways of attaining the
end. Either the distributing rates for short hauls could
be lowered, they said, or the rates for long hauls could
be raised, or the fifth class or commodity rates into the
territory could be scaled down. Theoretically this is
-correct, actually it is not. The only practical method
was that of reducing fifth class rates, precisely as the
Board have done. It is true that rates for the long haul
might be raised, but whoever heard of a Railroad Com
mission ordering an advance in rates ? As for lowering
the short haul rates, an alteration in that particular
sufficient to effect the purpose sought would in many
instances have involved the nearly total extinguishment
of such rates. Take the short haul rate to Nickerson,
for instance. Had the change of 7 cents per 100 lbs.,
which has been made in the fifth class rate, been made
in this short haul charge, the latter would have been
reduced from 9 cents to only 2 cents.
It is to be hoped that the Kansas Board will see their
way clear to a modification of their order. The Board
has on many previous occasions followed a conservative
course. The mere desire to benefit Kansas jobbers
should not influence it to persist in a step which will
involve the carriers in serious loss. If the Kansas in
terior points were independent manufacturing or trad
ing centres, and the rates in or out of such centres
were greater than the rates at other independent
centres, thus rendering competition impossible, there
might be some justification for the action. But as the
Kansas centres are obliged to get their goods from
the Missouri River centres in any event, the action is
equivalent to halting the goods on the way to the point
o f consumption for the purpose of allowing the Kansas
jobber to make a profit on the operation.
225
Moreover, even under the advantage granted, the
field of the interior jobber will be comparatively lim
ited. We have seen that at a point 49 miles from Hutch
inson his total charge will be somewhat greater than
the through direct charge, notwithstanding the 7 cents
reduction in his favor.
As to points east from
Hutchinson, the further east we get the nearer to the
Missouri River we are. The Board admit this,
and say that the “ disparity of relation * * is due
“ in a measure to natural causes which cannot be over“ come.” But does not this express the situation gen
erally of the Kansas centres ? Why then seek to give
an artificial advantage to such centres and put a profit
into the pockets of the interior jobbers which comes
wholly out of the pockets of the railroads and'does not
benefit the consumers ? It is not contended that these
centres had the trade before. On the contrary, it is
expressly stated that the jobbing cities of the Missouri
have had a monopoly of it hitherto. The effort is to
transfer the trade to these centres by special and artifi
cial means, a process which the Inter-State law at least
does not sanction. A question of jurisdiction also
comes up. Granting that the Kansas Board has au
thority in the case where the Missouri River point is
within the State, the fact is that most of the Missouri
River points are outside of the State, making the traffic
inter-State business, over which the Board could exer
cise no control whatever.
RESULTS ON OHIOAGO & NORTHW ESTERN
The fact that owing to the large crops and the pros
perity of the farming industry, railroad operations in
the Northwest are attended by very good results just
now, gives unusual interest to the returns of the Chicago
& Northwestern, which is one of the principal systems
in that part of the country and whose management
ranks among the best anywhere. The company furnishes
regular monthly reports of gross earnings, but net earn
ings are given out only once a year in the annual re
port, except when as in this instance we are able to pre
sent a special statement. It follows, therefore, that
while the course of the gross earnings is known, no in
formation bearing on the net earnings has been avail
able for the period since the close of the company^ last
fiscal year—that is, since May 31, 1891. We are able
to-day to bring this information down to December 31,
the close of the calendar year.
While the Chicago & Northwestern is of course de
riving great advantages from the excellent grain yield
in the country tributary to its lines, it is hardly so well
situated as the Milwaukee & St. Paul as regards the
spring wheat traffic from Minnesota and the Dakotas,
the sections where the wheat crop was quite phenomenal
the late season. The St. Paul has an advantage in that
its lines run further north than do those of the North
western and gridiron the favored district more com
pletely. At the same time the Northwestern has suf
fered from the .falling off in the Lake Superior mineral
ore traffic, an influence to which the St. Paul has not
been subject. These circumstances will explain why
the monthly gains in earnings by the Northwestern
have not been quite so heavy as those of the St. Paul.
Nevertheless, these gains have been of large pro
portions. Thus for October the increase in gross
receipts was $333,886, for November $248,614, and
for December $398,501, making for the three months
together nearly a million dollars. The gain by the St.
Paul in the same quarter was about a million and three4
THE
226
quarters. It is to be remembered, however, that the
Northwest results do not include the earnings of the St.
Paul & Omaha, and that this r®ad has made large inde
pendent gains, having evidently been favored in a
marked degree by the heavy yield of spring wheat. We
have prepared a brief statement to show the gains on
the combined roads, and find that treated in this way
the improvement for the Northwest is hardly less strik
ing than for the St. Paul. In October the Northwest
& Omaha combined gained $548,122 ; the gain for the
S,t. Paul was but little more than that, or $570,885. In
November the first-mentioned roads gained only $402,332, while the gain of the St. Paul reached $563,176; but
in December, when the St. Paul gained the remarkable
sum of $638,770, the gain of the Northwest and Omaha
came within $2,500 of the same amount, being $636,297. Here are the figures in tabular form. The com
parison is an interesting one.
M O N T H L Y G AIN S IN G ROSS E A R N IN G S.
Northwest St. P aul < Omaha Both Roads
&
<4,273 miles).
(1,466 miles).
(5,739 miles).
$
$
O ctober......... 333,886
N ov em b er.... 248,614
D ece m b e r.... 398,501
$
214.236
153,718
237,796
St. Paul
(5,721 miles').
548,122
402,332
636,297
LVol . LTV,
C H R O N IC L E .
“
570,885
5 6 3 ,1 /6
638,770
ings of $573,333, total gross earnings for 1891 being
$29,395,791, against $28,170,026 for k 1890, and
$26,185,281 for 1889, and total net earnings $10,273,156, against $9,699,823 for 1890 and $9,877,571 for
1889. On the basis of these net earnings what was the
amount left for the stock after deducting the charges
for interest, sinking funds, &c ? We have already said
that the company's fiscal year ends May 31, but it is
always interesting to have the results for a full period
of twelve months especially where that period as in the
present case covers the calendar year. As compared
with 1890 the 1891 charge for interest was heavier on
account of the issue of new bonds, and there was also
an addition of $210,000 to the sinking fund charges,
so that notwithstanding the increase of $573,333 in net
earnings the balance for the stock in 1891 does not
differ much from the balance for either of the two pre
ceding years, being $4,134,133 against $4,062,526 and
$4,130,074 respectively in 1890 and 1889. After allow
ing for the usual dividends, a surplus of $688,329 re
mains for 1891, against $616,897 for 1890 and $685,570
for 1889. Here is a comparison for the last four years.
,------------ Twelve months ending Bee. 3 1 .- ---------- .
1891.
1890.
18S9.
1888.
Miles road end o f year. 4,273
4,258
4,250
4,250
CH ICA GO & N O R T H W E ST .
Total.......... 981,001
605,750
1,586,751
1,772,831
The exhibit of net earnings for the Northwest which
we have obtained does not include the operations of the
Omaha, that road, as already said, being operated sepa
rately. The Omaha, as a result of the enlarged earn
ings shown above, increased the dividend on its pre
ferred shares, the last semi-annual payment being
made 3 per cent, as against the previous 2 per cfcnt.
The Northwest gets the benefit of this increase on its
holdings of Omaha preferred shares, but as the higher
dividend was not paid till January 1892 it does not
count in the income statement to the end of December.
Nor does the acquisition of the Milwaukee Lake Shore
& Western affect the results any. That transaction is
not entirely settled up yet, and, besides, the intention
is to keep the accounts of that road separate and dis
tinct, the same as in the case of the St. Paul & Omaha.
The figures of net earnings, therefore, which we fur
nish cover the Northwest system proper of 4,273 miles,
and as the mileage for the year preceding was 4,258,
the comparison is for practically the same extent of
road in both years.
It appears that though expenses were added to, as
was natural under the increase in business, there has
been a gain in net earnings in every recent month,
amounting to $163,055 in December, to $99,411 in N o
vember, to $212,831 in October, to $79,466 in Septem
ber, &c. In the following we show the aggregates of
the gross and net earnings for the first six months, and
the figures for each month after that to the end of the
year.
i-----Gross E arnings.— .
CHICAGO & NORTHWEST. 1891.
1890.
O
J
$
F irst six m onths............. 12,221,748 12,801,256
J u ly ................................... 2,569,028 2,466,740
A u g u st.............................. 2,750,178 2,680,151
Septem ber....................... 3,188,473 3,036,516
O ctob er............................ 3,282,402 2,948,516
N ovem ber........................ 2,795,286 2,546,672
D ecem ber........................ 2,588,676 2,190,175
.----- Net E arnings. — .
1891.
1890.
$
3,371,846
781,116
1,036,109
1,452,747
1,511,252
1,138,993
981,093
$
3,484,405
738,266
947,830
1,373,281
1,298,421
1,039,582
818,038
$
Gross e a r n in g s .......29,395,791
E x p en ses................. ..1 9,122,635
Net earnings.........10,273,156
$
$
$
28,170,026
18,470,203
26,185,281
16,307,710
25,832,975
17,152,521
9,699,823
9,877,571
8,680,454
5,435,996
201,301
5,544,927
202,570
5,275,258
58,000
5,637,297
5,747,497
5,333,258
4,130,074
3,444,504
3,347,196
3,430,079
GItC O S—■
IV C
Interest (less credits). 5,728,598
Sinking fu nds............
410,425
T otal...................
6,139,023
Balance fo r s t o c k ....
4,134,133 4,062,526
D ividen d s................... 3,445,804
3,445,629
S urp lus................
688,329
616,897
685,570 def. 82,883
It should be understood that the above does not in
clude the operations of the trans-Missouri lines, nor
does it include the income from land sales. The result,
then, is that from the operations of its railroad system
the Northwest was able to pay in 1891 all its charges,
contribute $410,425 to sinking funds, pay the customary
dividend of 6 per cent on its common shares and 7 per
cent on the preferred shares, and yet have left over a
balance or surplus of nearly $700,000.
As the fiscal year of the company ends May 31, the
first five months have been covered in the last annual
report, where a surplus was shown of $234,759 for the
year. It will be desirable to see what the changes have
been for the seven months of the new or current fiscal
year. The earnings for the six months from July 1 to
December 31 are shown in the table first above, so we
only need the June figures to make up the seven
months, as follows—
Iucrease in gross earnings fo r J u n e ...................................... .
$159,801
Increase July 1 to D ecem ber 3 1 .................... ............................. 1,305,273
Total increase in gross fo r 7 m onths.................................... $1,465,074
Increase in net earnings fo r J u n e ................................................ $104,534
Increase Ju ly 1 to D ecem ber 3 1 ........................— ..................
685,892
Total increase in net fo r 7 m onths.........................................
$790,426
Stated in brief, gross earnings for the seven months
of the current fiscal year record a gain of $1,465,074
and net earnings a gain of $790,426.
COTTON S U P P L Y AND CONSUMPTION I N
EU R O PE
The change between the first half and the second
Mr. Ellison's “ Annual Review of the Cotton Trade
half of the year is here strikingly brought out. At the
T ota l.........................29,395,791
28,170,026
10,273,156
9,699,823
end of the first six months both gross and net earnings
stood slightly below those for the corresponding six
months of 1890. At the end of the year— that is, for
the full twelve months— we find an increase in the gross
warnings of $1,225,765 and an increase in the net earn-
%
for the Year 1891" was issued in Liverpool on Monday
of the current week, and by cable we have obtained all
the results of interest it contains. In addition to the
statistics of supply and consumption for the calendar
year and the first quarter of the new crop season, the
F ebruary
G ^ E O N IC L E .
T ßß
6 , 18S2.J
circular gives detailed estimates of imports, consump
tion &c. for the remaining nine months— the period
from January 1 to September 30 1892.
With regard to the calendar year 1891 the figures
show that there has been only a slight expansion in
cotton manufacture in Great Britain, hut that on the
•Continent the increase has been noticeable. The actual
results for 1891 in bales of 400 lbs. are as follows :
SP IN N E R S’ T A K IN G S , CONSUM PTION A l i i ) STOCKS IN
1891.
Gt. B ritain. Continent.
In 400 lb. Bales.
Total.
the mills in the Oldham district of Great Britain is
likewise unfavorable. Our cable states that 93 cor
porations in the Oldham district show a combined
profit of only £10,763, or but £115 per mill, which
compares with £376,041 by 90 mills in 1890, or £1,178
per mill. The causes to which this condition of things
must be ascribed were set forth in our Annual Cotton
Crop Report and need not be repeated here ; but it is
well to state in passing that even the small margin of
profit shown is due entirely to the result of operations
in the first quarter of the year, the returns for later
periods being as a rule quite unsatisfactory. The com
parison of the profit per mill for 1891 with earlier years
is shown in the following.
'Stocka January 1 1 8 9 1 .
T a k in g s .........................
204,000
4.136.000
279,000
4,604,000
483,000
8.740.000
S upply................... .........
C onsum ption..................
4.340.000
4.175.000
4.883.000
4.561.000
9.223.000
8.739.000
-Stocks January 1 1892.
165,000
319,000
484,000
189 1 ..9 3
80,288
87,769
168,057
1 8 9 0 ..9 0
18 89..8 6
18 88 ..8 5
1 8 8 7 ..8 8
1 8 8 6 ..9 0
1 8 8 5 ..8 7
1 8 8 4 ..6 0
W eekly consumption.
It will be observed that the surplus stocks at the
mills at the close of the year are estimated at only
1,000 bales (of 400 lbs.) greater than twelve months ago ;
in the interval, however, the visible supply has in
creased over 1,100,000 bales of ordinary weights. The
foregoing statement presents the results for the year
1891 only ; to bring o»t clearly the relation the figures
for a number of years bear to each other we have com
piled the following, which embraces the seasons from
1885 to 1891 inclusive.
Bales o f
400 Lbs.
Spin’rs’
Stock Takings.
Jan. 1.
Spin’rs ’ Weekly
Con
Supply. sumption. Stock
ConDec. 31. sumpl'n
'G t . B r i t a i n .
1 8 91.................
1 8 9 0 .................
1 8 89.................
1 8 8 8 .................
1 8 87.................
1 8 86.................
1 8 85.................
204,000
193,000
99,000
290,000
190,000
136,000
247,000
4,136,000
4,152,000
3,919,000
3,631,000
3,817,000
3,736,000
3,236,000
4,340,000
4,345,000
4,018,000
3,921,000
4,007,000
3,872,000
3,483,000
C o n tin e n t.
1 8 9 1 .................
18SO.................
1 8 8 9 .................
1 8 8 8 .................
1 8 8 7 .................
1.886.................
1 8 8 5 ................
279,000
179,000
147,000
473,000
88,000
251,000
308,000
4,604,000
4,481,000
4,153,000
3,522,000
4,077,000
3,341,000
3,237,000
4,883,000
4,660,000
4,300,000
3,995,000
4,165,000
3,592,000
3,545,000
A ll E u ro p e .
1 8 91....... .........
1 8 9 0 .................
1 8 8 9 .................
1 8 88.................
1 8 8 7 .................
1 8 86.................
1 8 85.................
483,000
372,000
246,000
763,000
278,000
387,000
555,000
8,740,000
8,633,000
8,072,000
7,153,000
7,894,000
7,077,000
6.473.000
9,223,000 8,739,000 484,000
9,005,000 8,522,000 483,000
8,318,000 [7,946,000 372,000
7,916,000 7,670,000 246,000
8,172,000 7,409,0 0 0 y 6 3 ,000
7,464,000 7,1 86,000278,000
7.028.000 6,641,000387,000
Com panies___ ___ Profit,
it
ii
ii
a
if
___ “
ft
1
1
it
if
ii
it
£ 1 0 ,7 6 2 ....
3 7 6 ,0 4 1 ....
2 2 0 ,5 8 7 ....
2 5 0 ,9 3 2 ....
8 5 ,8 1 0 ....
6 1 ,7 1 8 ....
2 ,7 3 0 ....
1 2 5 ,0 0 0 ....
£115
4,178
2,565
2,952
975
685
31
2,083
ii
it
it
a
ii
ii
9i
The exports of yarns and goods from Great Britain
were some 42,000,000 lbs. less in 1891 than in the preced
ing year, and in fact smaller than in 1889. The details
by months and quarters for 1891 and 1890 were given
in the Chronicle of January 23, page 169.
Spinners’ takings for the three months of the season
since October 1 are as follows :
October 1 to Janu ary 1.
Great B ritain.
Continent.
To’at.
4,175,000 165,000 80,288
4,141,000,204,000 79,634
3,825,000193,000 73,558
3,822,000 99,000 73,500
3,717,000 290,00C 71,481
3,682,000 190,000 70,800
3,347,000 136,000 64,365
F o r 1391.
Takings By spinners . .Bales
Average w eight of B Ues.lBs
Takings in pounds ............
886,000
489
433,254,000
974,000
472
459,723,000
1,860,000
480-0
892,982,000
F or 1890.
Takings By spinners.. .Bales
A verage w eight o f bales.lBs.
Takings in pounds.................
1,016,000
480
487,795,000
1,051,000
473
497,217,000
2,067,000
476-5
985,012,000
4,564,000
4,381,000
4,121,000
3,848,000
3,692,000
3,504,000
3,294,000
According to the above, the average weight of the
deliveries in Europe is 480 pounds per-bale to January
1 this season, against 476'4 pounds during the same
time a year ago. Our dispatch also gives the full move
ment for this andlast year in bales of 400 pounds each
319,000 87,769
279,000 84,250
179,000 79,250
147,000 74,000
473,000 71,000
88,000 67,385
251,000 62,743
168,057
163,884
152,808
147,500
142,481
138,185
127.108
The above demonstrates how much more rapid
has been the growth in cotton manufacture on the
Continent the pa3t seven years than in Great Britain.
In 1885 the former coasumed 3,294,000 bales of 400
lbs. each, or an average of 62,743 bales per week, while
in Great Britain the consumption was 3,347,000 bales,
or 64,365 bales per week. Since then consumption has
in both cases advanced steadily from year to year, but
in greater ratio on the Continent than in Great Britain
until in 1891 Continental consumption had risen to
4,564,000 bales of 400 lbs. each, or 87,769 bales per
week, against 4,175,000 bales, or 80,288 bales per week,
in Great Britain. In other words the Continent manufactured 1,622 bales less per week in 1885 but 7,481
bales more in 1891.
Erom the point of view of the manufacturer the
year has not been a satisfactory one. The results of
operations in Fall River as published in the Chronicle
from time to time during the year furnish evidence of
this fact so far as the United States is concerned. Re
ports from the various centres of manufacture on the
«Continent are of like tenor, and the exhibit made by
227
Oct. 1 to Jan. 1.
Sales o f 400 lbs. each.
000s omitted.
1891.
1890.
Conti
nent.
Total.
Great
B ritain
Spinners’ stock Oct. 1.
148,
Takings to Deo. 1 ....... 1,083,
326,
1,150,
A ?4,
2,233,
76,
1,220,
243,
1 6 1,
1,243, 2,463,
Supply....... ................... 1,231,
Oonsumpt’n 13 weeks. 1,066,
1,476, 42,707,
1,157, 2,223.
1,296,
1,092,
1,410, 2,706,
1,131, 2,223,
Spinners’ stock Jan. 1
Weekly Consumption,
00s omitted.
In O ctober................
In N ovem ber...........
In D ecem ber ..........
Great
Britain
165,
82,0
82,0
82,0
319,
89,0
89,0
89,0
484
171,0
171,0
171,0
204,
84,0
84,0
84,0
Conti
nent.
279,
87,0
87,0
87,0
Total.
483,
171,0
171,0
171,0
The foregoing shows that the weekly consumption is
now 171,000 bales, of 400 pounds each, against 171,000
bales of like weights at the corresponding time last
year. The total spinners’ stocks in Great Britain and
on the Continent have increased 165,000 bales during
the month and are now 1,000 bales in excess of the
same date last season.
The cable also brings us the details of Mr. Ellison’s
estimate of imports for the full season 1891-92. The
results so far as American cotton is concerned are based
on a yield of 8,250,000 bales. He allows for the United
States and Canada 2,850,000 bales, leaving available for
shipment to Europe 5,400,000 bales. The aggregate
imports from all other countries are placed at 1,790,000
bales, which is a considerable decrease from the amount
received in the previous season. This 1,790,000 bales
THE
228
C H R O N IC L E .
is made up of 900,000 bales from East India, 271,000
bales from Brazil, West Indies &c., 590,000 bales from
Egypt and 29,000 bales from Smyrna &c. Reduced
to pounds the foregoing estimates are as follows :
IMPORTS INTO EUROPE 1 8 9 1 - 9 2 .
Bales.
A m erican............................................. 5,400,000
E ast Indian......... ................... .......... 900,000
E g y p tia n ................................... .......... 590,000
29,000
Smyrna, <feo-----1....................... ..........
Brazil, West Indies, & o......... ........... 271,000
Lbs.
477
393
702
3*0
213
T ota l....... - .......................... .......... 7,190,000
B ales o f 400 lb s .....................
475*2
Pounds
2,575,800,000
358,200,000
414.1*0,000
11,020,000
57,723,000
3,416,923,000
.......... 8,542,000
As stated above these imports are for the full season
1891-92. Three months of the season having passed
the actual figures for that time are obtainable, and by
deducting them from the above we can arrive at the
probable supply of cotton for the remainder of the
season. Mr. Ellison has done this and furnishes the
subjoined statement for the nine months, January 1 to
October 1, comparison being made with the actual re
sults for 1891.
JEslim ted
year
1891-92.
A m e r ic a n .............. ...5 ,4 0 0 ,0 0 0
E ast In d ia n ......... . . . 900,000
E g y p tia n .............. . . . 590,000
29,000
Smyrna. & o ........... . . .
Brazil, W. I., &o .. . . . 271,000
Actual
A ctual To be received
Jan. 1 to
Jan. 1 to
Oct. 1 to
Oct. 1, ’92. Oct. 1, »91.
Dec. 31, ’91.
3.465.000
3,003,000
2,392,000
1.175.000
804.000
96,000
324.000
362.000
228,000
20 000
20,000
9,000
251.000
213.000
5 8 ,0 c0
[V ol.
LTV.
O V E R L A N D P R O M SE P T E M B E R 1 TO F E B R U A R Y 1 .
1891-92.
Am ount shipped—
V ia St. L ouis................................................
V ia C airo.....................................................
V ia H annibal..............................................
V ia E v an sville...........................................
V ia Louisville ...........................................
V ia Cincinnati ...........................................
Via other routes........................................
Shipped to mUls, not included a b o v e ...
Total gross ov e rla n d ................ .
430,249
259,664
144.073
24,995
129,793
87,732
112,342
6,896
1890 91.
1889-90.
416,573
210,711
77,23
18,934
145,259
130,924
109,547
6,712
367,781
257,285
51,060
15,739
91,883
153,035
117,677
5,913
1,195,744 1,115,892 1,060,373
■
Deduct—
Overland to New York, Boston, &o . . .
Betw een interior tow ns .
..................
Galveston, inland and local m ills....... .
New Orleans, inland and local m U ls...
Mobile, inland and local m ills................
Savannah, inland and local m ills...........
Charleston, inland and local m ills.......
N. Carol’a ports, inland and local mills.
Virginia ports, inland and local m ills..
227,180
44,364
319
15,300
33,285
938
4,972
513
7,518
191,829
79,946
Ö
D
8,390
28,36*
742
4,952
802
12,422
214,811
49,613
Total to be dedu cted.........................
334,389
327,511
342,348
22,804
24,683
275
12,150
794
17,218
Leaving total net overland*............. 861,355 788,381 718,025
* This total Includes ship near,a to Canada b y rail, which since
September 1 in 1891-92 am ounted to 33,953 bales, in 1890-91 w ere
37,678 bales and in 1*89-90 were 34,493 bales.
E B C E IP T S , E XP O R T S A STD S P IN N E R S * T A K IN G S .
In common with the overland movement the net
receipts at the ports have been of less volume during
January than in the same month of the two preceding
years. The receipts have been 665,162 bales, which
5,235,000
4,407,000
2,783,000
T ota l................. ...7 ,1 9 0 ,0 0 0
6,012.000 compares with 859,979 bales in 1891 and 700,909 bales
5,101,000
In bales o f 400 lbs.................................... .
1,603,000
2,272 000
Stock in European ports, bales 400 lb s.........
The falling off has been mainly in the Atlan
483,000 in 1890.
484,000
Stock at mills, bales 400 lb s....... ...............
tic States, but Galveston is the only port exhibiting
8,098,000
7.857.000
Total in bales 400 lbs.................................
6,5 *5,000 heavier receipts in January this year than last year.
6.669.000
Consumption, 39 weeks (171,000 per w eek).
Foreign exports for the month have been 660,608 bales
1,553,000
1,188,000
S tock at ports and m ills Sept. 30 1892.......
474,000 against 744,94:5 bales last year and 595,281 bales in
300,oOO
O f w hich at the m ills........................................
1890, and the aggregate for the season to date is
1.079.000
888,000
L eaving at the ports, bales o f 400 lbs..........
1.024.000 3,765,864 bales, or 282 bales less than in 1890-91. Port
850,000
In actual bales............ .................................... As will be seen above, these estimates make the com- stocks have suffered a reduction of 71,774 bales during
bined stocks at ports and mills on September 30 next January, but are 363,258 bales greater than the same
1,188,000 bales, of 400 lbs. each, a total 365,000 bales date last year.
less than at the same date in 1891, but heavier than in
E X PO R T S SINCE SE P T . 1 1891, TO—
Movement from Receipts Receipts
Stocks
since
since
former years.
Sept. 1189 L to
Feb. 1 1893.
COTTON CONSUMPTION AND OVERLAND
MOVEMENT TO F E B R U A R Y 1.
The less rapid movement of cotton this year than
last year in January has served to reduce to an appre
ciable extent the difference between the two years in
the amount brought into sight. In fact, the margin,
which at the end of December stood at 558,249 bales in
favor of the current season, has now been narrowed
down to 344,813 bales. Northern spinners have not
added to their stocks so largely the past month as in
1891, and in consequence their aggregate takings for
the season to date are only 42,319 bales greater than in
1890-91.
O V E R L A N D M O V E M E N T TO F E B R U A R Y 1 .
The gross movement overland during January has
been only 188,046 bales, or 52,442 bales less than for
the like period in 1891, and contrasted with 1890 there
is an even greater falling off— 90,241 bales— the totals
in these two earlier years having been respectively
240,488 bales and 278,287 bales. For the season to
date the excess over last year is 79,852 bales, and com
pared with 1889-90 it. reaches 135,371 bales. The net
for the month exhibits a loss of 42,868 bales from a
year ago, but for the five months there is a gain of
72,974 bales. Contrasted with 1890 the decrease for
the month reaches 54,958 bales, and the increase for the
season 143,330 bales. The details of the whole move
ment overland for three years are append'd.
Sept. 1
1891.
Sept. 1 Great France.
1890. Britain*
(Jalveston.......... 948,353 839,69j
27,894
18,083
El Paso, &c ...
Mew Orleans. .. 1,821,119 1,572,174
Mobile.............. -. 210,941 24-1,043
83,782
22,790
Savannah.......... 835,200 879,82«
Brunswick, &c. 137,5'2 154.301
ïharleston......... 404,807 373,143
025
1,310
Port Royal,&c.
V llm ln«ton...... 141.001 108,133
3,483
1,997
Washingt’n.&o
Norfolk.............. 408,3:10 500,088
West P o in t.... 248.472 265,943
55,735
30,020
Newp’tNews.&c.
57,880
49,505
New Y o rk ..........
72.837
59.418
42,726
55,831
Baltimore...........
3 1,805
48,977
Philadelphia,&o.
Total 1891-93 ... 5.403.461
Conti
nent.
49,820
007,405
31,593
294,399
100,483
80.829
142,913
25,001
4,-49
5,55 )
04,431 687.690
27,000
27.000
351.139 1,252,943
34,59
458,382
35,459
129,620
390,932
85,*78
278,089
108,083
0,947
70,741
44,487
553,439
100,443
12,341
144,527
91,371
13,313
113,699 381,909
4.1 1 149.3*0
01,8101 127.077
60
11,3 9
53,544
4,031
2,214
389,125
23,000
16,577
13,000
204,849
55,950
115,059
78,988
13,704
251.240
145,509
00,022
11.019
2,317,279
Feb. 1
1892.
Total.
7,90
2,64*
10,970
5,245
21,568
12,383
79,873
412,882 1,035,703¡3,765,8''4 1,273,317
Total 1890-91 ...
5,297,925 2,131,893
418,280 1.215,973 3,730,140
910,059
potai 1889-90 .. .
4,932 425 2,u33,7Í8
421,024 1,138,178! 3,593,820
097,851
* Great Britain exports include to the Channel.
Using the facts disclosed by the foregoing statements,
we shall find that the portion of the crop which has
reached a market through the outports and overland,
and the Southern consumption since September 1,
this year and the two previous years, is as follows :
1891-92
1800-91.
1889 90*.
Receipts at the ports to Feb. 1 .......bales. 5,466.464 5, ¿97,925 4.9 .2,425
STet shipments overland during same time 861,355 78 8. (81 718,025
Total r e c e ip t s ..............................bales. 6,327,619 6,086,306 5.6 0,450
O
Southern consum ption since September 1 314,000 29 >,U O 270,000
Total to Feb. 1 .............. ..............bales. 6,641,819 6,376,306 5,950,450
The amount of cotton marketed since September 1 ia.
1891-92 is thus seen to be 265,513 bales more than in
1890-91 and 691,369 bales greater than in 1889-90. T o
February
THE
6, 1898.]
22
C H R O N IC L E .
»
determine the portion, which has goae into the hand3 of bale for the same time m 1890-91 and 496*65 lbs. in
Northern spinners during the same period we have pre 1889-90.
D R Y GOODS T R A D E I N
pared the following:
JAN U ARY.
The market during the past month has been character*
T otal receipts to February 1 1 8 9 2 as ab ove................... bales. 6,641,819
ized by a dull tone, owing to the general absence of a
Stock on hand com m encem ent o i year (Sept. 1 ,1 8 9 1 )—
A t Northern ports.................................. 142,160
spot demand of any consequence, but a considerable
A t Southern ports..................................
8 6 ,5 2 4 — 228,684
A t Northern interior m arkets............................. 2 ,7 6 8 — 231,452 amount of business has nevertheless been transacted,
Total supply to February 1 1 8 9 2 .......................- .................... .6,873,271 orders by mail and wire proving regular if not exten
O f this supply there has been exported
sive.
Brown and bleached cottons were generally
to foreign ports since S e p t.l 1891.3,765,864
steady in price, some leading makes of the latter being
Less foreign cotton included .............. .
7 ,0 6 0 -3 ,7 5 8 ,8 0 4
Sent to Canada direct from W est............................
38,953
advanced slightly early in the month, making part re
B urnt North and South...................... .............. .
l,b 8 9
covery of the decline in December. Colored cottons
Stock on hand end o f m onth (Feb. 1 1892)
have ruled firm and bleached and dyed flat-fold cam^
A t Northern ports.................................. 441,702
A t Southern ports
............................ 831,615—1,273,317
brics have, in sympathy with print cloths, improved in
A t Northern interior m arkets...............................
8,999—5,081,762
value l-16c. to -Jc. per yard. Indigo-blue prints and
Total takings b y spinners since Sept. 1 1 8 9 1 .......................... 1,791,509
Taken by Southern spinners...........................................................
314,000 shirtings have also, from the same cause, been ad
vanced £c. per yard for leading makes. Standard
Taken b y Northern spinners since Sept. 1 1 3 9 1 ............ bales 1,477,509
Taken b y Northern spinners same time iu 1890-91............
1,435,190 prints and ginghams were generally in quiet request at
Increase in takings by Northern spinners this y e a r ....b a le s .
42,319
first hands. Print cloths have been in a strong posi
The above indicates that Northern spinners had up tion all the month, with more buyers than sellers as a
to February 1 taken 1,477,509 bales, an increase oyer rule, and 64 squares were in the last week raised to
the corresponding period of 1890-91 of 42,319 bales 3-|c. per yard. The jobbing trade ruled inactive on
and a gain oyer the same period of 1889-90 of 73,053 the spot, but a large order business has been done in
wash fabrics with printed cotton goods toward the
bales.
close of the month moving more freely. Collections
A M O U N T OF CROP N O W I N SIG H T .
In the foregoing we have the number of bales which are satisfactory except in some sections of the South,
has already been marketed this year and the two pre where there is now an accumulation of overdue ac
vious seasons. An additional fact of interest is the counts.
total of the crop which was in sight on Feb. 1, com
1891.
1892.
pared with previous years.
S’th’ n
1891-92.
Total in sigh t.................
1889-90.
6,641,8*9
513,700
6,376.306
434,400
6.810.706
6.251,890
This indicates that the movement up to February 1
of the present year is 344,813 bales more than in 1890-91
and 903,629 bales greater than in 1889-90.
As it will interest the reader to see what has come
into sight each month of the season during this and
previous years, we have prepared the following, which
shows the movement for the last four seasons.
1888-89.
M onths.
1891-92.
1890-91.
1889-90.
Septem ber.
October___
N ovem ber.
D ecem b er..
Ja n u a ry_
_
826,932
2,026,205
1,927,880
1,622,475
752,027
860,274
1,723,759
1,615,981
1,645,229
965,463
6=>5,770
1,623,648
1,633,028
1,568 921
770,523
Total 5 months.
B alance season..
7,155,519
6,810,706
1,844,812
6,25 i ,890
1.061,8 j 6
5,752.489
1,182,593
8,655,518
7,313.726
6,935,082
T ota l crop .........
........
W E IG H T
430,209
1,502,289
1.512.609
1,540,816
766,566
OF B A L E S .
To furnish a more exact measure of the receipts up to
Feb. 1 we give below our usual table of weight of bales.
We give for comparison the figures for the same tim«
in the two previous years.
Five months ending Féb. 1 1892.
Num ber o f
Bales.
Weight in
Pounds.
Same
Same
p er i’d in peri’ d in
1890-91. 1889 90.
Average Average Average
Weight. Weight. Weight.
T e x a s ................
975,647
Louisiana......... 1,821,119
A la b a m a ..........
210,941
Georgia*............
995,568
South Carolina.
406,117
V irginia............
686,834
N orth Carolina.
143,058
Tennessee, & e.. 1,402,535
509,970,687
902,910,800
105,048,618
483,358,220
198,745,537
338,945,711
70,928,156
706,961,792
522*70
495*80
49800
485*51
489-38
493*49
495*80
50406
529*11
499 80
508 00
496 43
493*80
490*33
497*84
508 00
525*02
495*05
497*00
486*86
480 00
485*44
488 06
500*00
T otal........... 6,641.819
Including Florida.
3,316,869,521
499*39
503 49
496*65
It will be noticed that the movement up to February
1 shows a decrease in the average weight as compared
with the same period of last year, the average this
je a r being 499*39 lbs. per bale, against 503*49 lbs. per
P
w
5,950,450
301,440
7,155,519
Total m arketed, as a b o v e .. ..bales.
Interior stocks in excess o f Sept. 1.
1890-91.
Oott’ n P rin t Sheet
in g ings,
low
m id cloths, stand
dling. 64x64 ard.
2.
3.
. . . 8. . .
73x6
7*
7*
7
7
7
3*06
3*06
3*06
3*06
3*06
3*06
3*06
61 ’16 3*06
7 * 6 3*06
3*06
7*
3 06
7*
3*06
7*
7*
,, 7 *
, 7 316
7*6
7*
73l6
3*06
¡’ *06
3*06
3*06
3*06
3*06
6*
6*
6*
6*
6*
6*
...S ...
6%
6%
6*
6*
6*
6*
...S ...
6*
6*
6*
6*
6*
6$»
Lan
caster
ging
hams.
S’th’ri Oott’n Print- Sheetin g 8,
in g
low
3 -yd.
sheet- mid- cloths, stand64x64 ard.
ing8. dling.
3*00
3*00
8*
8*
7*
7*
7*
7*
7*
7*
______
5*
5*
5*
5*
5*
5*
. . . . ..
7*
7*
7*
7*
7*
7*
5*
5%
5*
5*
5%
5*
7*
7*
7*
7*
7*
7*
5*
5*
5*
5*
5*
5*
7*
7*
L ancaster 3 -yd.~
Ging- sheet
hams ings.
7*
6*4
.8 .
8*
8*
8*
8*
813le
813lfc
3 *00
3*00
3*00
3*00
2*94
2*94
7*
7*
7*
7*
7*
7*
7*
7*
7*
7*
7*
7*
6*
6*
6*
6*
6*
6*
813lfi
813iß
81*6
815x6
81516
8 7s
2*94
2*94
2*94
3*00
3*00
3*09
7*
7*
7*
7*
7*
7*
6*
6*
6*
6H
6*
6*
8131(.
813l6
813x6
81316
813lh
813x6
3*00
3*00
3*00
3*00
3*00
3*00
7*
7*
7*
7*
7*
7*
...S ...
7*
7*
7*
•7*
7*
7*
...
7*
7*
7*
7*
7*
7*
.. . . ..
6*
6*
6*
6*
6*
6*
5*
6*
7*
6*
7*
81316 3 00
7*
5*
6%
7*
6*
7*
6^4
813x6 3*00 7 *
5*
7*
6*
7*
3*00 7 *
8*
63*
5*
7*
6*
7*
3*00 7 *
8*
5*
6*
7*
6*
7*
3*00 7 *
8*
5*
..
6*
7*
6*
7*
3*00 7 *
8*
.. S ... —
31.
........
The above prices a re— or cotton, low m iddling uplands at New Y ork,
F
for prim ing cloths, m anufacturers’ net prices: for sheetings, agents
prioes, which are subject to aa av-rage disoount o f 5 per cent, except
when otherwise stated: Southern sheetings net.
7*
7*
7*6
7*6
7*6
3*06
3 06
3x3
3*13
3*13
3*13
R E V IE W
OF
PRICES I N J A N U A R Y STOCK S, GOVERNMENT BONDS AND
FO REIG N EXCHANGE.
The following table shows the highest and lowest
prices of railway and miscellaneous stocks at the N. Y .
Stock Exchange during the month of January, 1892.
R A IL R O A D A N D M ISCE LL AN EO U S STOC KS.
R
a il r o a d s .
L ow . H igh .
R
a il r o a d s .
0hes.&O.,Vot.Tr.cert.
A lbany Susqueh’n a .. 161
162
Do
do 1st pref.
Atchison Top. &S.Fe.
4 0 7s 465s
Do
do 2d pref.
Atlantic & P acific. . . .
5
5 7s
Chicago & A lt o n .....
Balt. & Ohio 8. W. pf.
5
6
Do
p ref .
B lie. & 8o. 111. p ref. 125
130
Chic. Burl. & Quincy.
Bost. & N. Y . A. L. p f. 1 0 1 * 102
Chic. & East 111.........
‘ B rooklyn E levated. 31
32
Do
p re f..
Buff. Roch. & P ittsb. 38 H 43 *
Chic. Mil. & St. P aul.
Do
pref___ . . .
79* S I*
Do
p re f..
Burl. C. Rap. & N or.. 36
40
Chic. & N orth w est...
Canadian P a cific.. . . .
8 * 94*
Do
p r e f..
Canada Southern.......
5838 62
Cedar Falls & M inn..
7 7s
7 7s Chic. & R ook Isla n d ..
Central o f N. Jersey .. 1 1 1 * 1 1 7 * Chic. St. P. Minn. & 0 .
Do
p re f..
Central P acific...........
3238 35
CL CiD. Chic. & St. L.
Char. Col. & A u g ....
32
32
L ow . H igh .
2 4 7s 28
59
64*
3 8 * 4438
1 3 9 * 142
163
163
106*11058
6 7 * 70
98
103
7758 8338
1 2 0 * 126 ,
I i 4 7s 119
141*145*
8s* 94*
44
507g
l o 8 * 11 478
7 0 * 75
230
THE
L ow .
R A IL R O A D S .
H igh .
Cl. Cin. Chi.& St.L.pf.
95
'98
Cleveland * Pitts . . . 150
154
Col. Hock. Yal. & T ol.
29% 32%
D o p f. subs. p d .
66
71
Delaw are & Hudson. 12278 127
Del. Lack. & Western 138% 147
Den. & R io G rande...
17
19%
Do
p ref.......
45
51%
Des Moines & F t. D ..
7% 8%
Do
p r e f..
19% 20
*Dul 8. S. & A tl.......
6%
7%
15
* Do
p r e f..
16%
E.Tenn.Va. & Ga. R y.
7%
9%
-D o
1st p ref.
46
51%
14% 19%
Do
2d p ref.
Eliz. Lex. & B. 8 .......
17
19%
Evansv. & Terre H .. x l l 9 % 124
F lint & Pere M arq’ te.
25
27%
82
Do
p r e f..
85%
♦Georgia P acific.......
7
7
Great North’« , p re f.. 119
124%
itreen B ay W. & St. P.
10% 12%
Hous. & T. C...............
4
4
Illinois Central........... 107% 110
do leasd. lines
92
96
Iow a Central..............
12% 15%
Do
p r e f..
46
52%
Kanawali & M ich___
12
14
10% 10%
Kings. & Pent............
20% 23%
Lake Erie & West’n ..
69% 74%
Do
p re f..
Lake Shore................. 120
123%
L ong Island................
95
S7%
Louisiana & Mo R iv.
13
13
Louisville & N ash v..
73% 84%
31
Louisv. N. Alb. & C h ..
26
Lou. 8t. L. & T e x ___
14% 18%
Manhattan consol___ 104= 119
Marq H. < Ont.........
fe
15
15
M exican C e n tr a l.....
19% 23 3
a
M exican Nat. ce rts...
5
5
M ichigan C en tral.... 104 1081«
92% 93
Milw. L. S. & W..........
Do
pref. 133 135
M inneapolis & St. L ..
9
10%
Do
p re f..
20*4 24
Mo. Kan. < T e x a s ...
fc
18*2 20%
Do
p re f...........
29
33%
Missouri P acific.........
65%
M obile & O hio............
34% 42%
Morris A E ssex.......... 143% 145
Nash. Chatt. A 8t. L . .
88
90
*N ewpt. N e ws & M.V.
15
17
N. Y. Cent. A Hud. R . 1 1 2 % 1 1 6 78
19
22%
N. Y. Chic. A St. Louis
Do
1st pref.
78% 81%
Do
2d pref.
39% 45
N. Y. A H a r le m ...... 255
255
N. Y. Lack. A W est... 108% 110%
29% 34%
N. Y. Lake Erie A W .
Do
pref.
70 % 75%
42% 52%
N. Y. A New England
N. Y . A Nor. p re f___
17% 26
N. Y . N. H. A H art. 224 227%
N. Y. Ont. & W est.. . .
18% 22 '
•N. Y. Pa. & O h io ....
1
1%
* Do
p re f..
4
1%
N. Y. Susq. & W e st...
10% 13
Do
p re f..
41% 50%
N orfolk & W estern...
16
18
Do
p re f..
49% 56
Northern P acific.......
26%
23
Do
p re f..
65% 72%
Ohio & Mississippi . ..
22
24
Ohio Southern...........
19
23
Oregon Ry.&Nav.Co.
85
91 %
Oreg. Sh. L. & U. N ..
28% 33%
Peo. Deeat. & E ’ville.
19% 22%
Peoria & E astern___
15
15%
Phila. & Read certs.
38
42%
P . 0. C. & St. L ..........
26% 30%
Do
pref.
61% 67%
Pittsb. Ft. W. & Ohio. 153
15414
Do
special. 141% 141%
Pitts. & W .p f tr. rec..
39% 43
R m selser & Sara.. . 164
170
R ichm ond Terminal.
13% 17%
* Unlisted.
R
xpress
Coal
and
M
60
38
70
110
9
32%
132
76%
9%
18%
44%
103
112%
3%
39%
12
23%
46
83
17%
8%
25
45%
20
224%
12%
28%
36
76%
18
73%
41
71%
112%
9%
33%
132
76%
11%
22%
48%
106
116%
4%
41%
14%
27%
48
83
20
15
28
50%
25
224%
15%
33%
40%
80%
21%
.
Adam s.........................
Am erican....................
United States.............
Wells, Fargo A C o ....
in in g
147 150
116% 117%
54
48
145
140
.
85
35%
15
11%
24%
76
10%
44%
4
22
40%
97
F5
39%
18%
11%
25%
82
11%
45%
4
22%
44%
97
32%
Am. Cotton Oil C o.. . .
63%
Do
p re f..
53
Am erican Diet. T e l..
78%
•Am. Sugar Refln.Co.
90
•Do
p r e f ..
80
Amer. Tel. A C able...
96
Amer. Tob. Co., p ref.
B runswick C o........
10
71%
Chicago Gas Comp’y.
75
Chic. Junction R y ...
80%
Do
p r e f ..
94%
Cit’ ns’ Gas o f B ’klyn
Commercial C a b le. . . 148
Consolidated Gas Co. 102
52
Dis. A Cat. Feed. Co.
Edison Gen. Electric.
88%
20%
Laclede Gas, St. L ...
62
Do
p r e f ..
Manhattan B e a c h .. .
3%
•Mex.Nat.Constr. Co.
12%
National Cordage___
93%
Do
p re f.. 100
•National Lead Trust
18%
* National Lead C o ...
31
* Do
p re f..
81%
National Linseed Oil.
27
North American C o..
15%
Oregon Im provem ’ c..
26%
Do
p re f..
65
Pacific M ail................
35%
Philadelphia C o.......
30
P. Lorillard Co. pref. 118
59%
•Pipe Line Trust.......
•Postal Tel.-CabieCo.
37
Pullman Palace Car. 184
Silver Bullion certs..
91
Texas Pae. Land Tr.
15
Western Union T e l..
82
37%
70
64
88%
94%
82%
99
14
80
79%
81%
102
151%
111%
67%
98
24%
64
3%
14
99%
114
21
39
85
27
18%
29%
65
40%
32
118
64%
37
189
95%
15
85%
A m erican C oa'..........
Colorado Coal A Iron
Col. A Hock. C. A I ..
Homestake M in in g..
Maryland Coal...........
Minnesota Ir o n _____
New Cent. C o a l .......
Ontario Silver M in..
Quicksilver M ining..
Do
p r e f..
Tenn. Coal A Iron ___
Do
p ref.
V a r io u s .
R A N G E O P G O V E R N M E N T B O N D S IN J A N U A R Y .
4%s, 1891
4s, 1907,
reg., ext. *3 2 p .c.
)
O p e n in g .... *100
H ig h e st----- *100%
L ow est....... *100
Closing....... *100
4s, 1907,
reg.
cou p .
117
117%
116
116
6s, c. ’9 8,
reg.
117%
117%
116%
116%
[Toil. L I T ,
H igh .
L ow .
a il r o a d s .
R ichm ond Ter. p ref..
Rio Grande W estern.
Do
pref.
Rome Water A Offd..
8t. Jos. A Gd Isldf . ..
St. L. A lt. A T . H . . . .
Do
p re f..
8 t.L . A S . F. 1st pref.
St. Louis Southw.......
Do
p re f..
St. P aul A D uluth—
Do
p re f..
8t. Paul Minn. A Man.
South Carolina...........
Southern Pacific C o ..
Texas A P acific.........
Tol. Ann A. A No. M .
Toledo A Ohio Cent..
Do
p re f..
*Tol.Peoria A W est’n
•Tol. St. L . & K . C . . .
* Do
p re f..
Union P acific.............
Union Pac. D. A G .. .
United N. J. R R . A C .
Wabash........................
Do
p re f..
Wheel. A L. E rie.........
Do
p ref..
Wisconsin Cent. C o..
E
C H R O N IC L E .
6s c. 99,
re g
ii6
110
116
116
118%
118%
118%
118**
The following highest and lowest prices are from actual
sales at the New York Stock Exchange:
R A N G E O P ST A T E BO N D S IN J A N U A R Y .
D E B T STATEMENT J A N U A R Y 80, 1892.
The following is the official statement of the United
States public debt and of the cash in the Treasury at
the close of business January 30., 1892.
IN TE R E ST -B E A R IN G DEBT.
Title o f Loan.
In t'r’t
P a y’lc
4%s, F ’n’d L oa n .1891
Continued at 2 p.c. Q .-M .
is, F ’ded L o a n ..1907 Q .-J .
4s, R e f’d’g Certiflc’s. Q .-J.
Am ount Outstanding.
Am ount
Issued.
Total.
Registered}. Coupon.
$25,304,500
$ ............ $25,864,500
483,909,150 75,667,000 559,570,150
87,030
J 1,030,850.250
Aggregate ex cl’d’g
B’ds to Pac. R R .
$250,000,000
740,837,500
40,012,750
509,273,650 75,687,000 585,027,080
DEBT ON W H ICH IN TEREST H A S CEASED SINCE M A T U R IT Y .
_
_ __
£
U G OL.
G
Funded Loan o f 1891, matured September 2,1891. .53,039,150 CO
Old debt matured at various dates prior to Janu
ary 1.1801, and other item s ot debt matured at
various dates subsequent to January 1,1831........ 1,594,190 26
eJW O ,
fh. U
$2,372,250 00
1,593,6*0 28
Aggregate o f debt on which interest has ceased
since maturity..............................................................$4,633,340 26
$3,905,800 26
D E B T BEA R IN G NO IN TEREST.
Legal-tender notes................... ............................ ................................ $346,681,016 00
Old demand notes ..................................................................................
55,647 50
National Bank n o te s :
Redemption account............................................ ..................... * 31,350,376 75
Fractional currency....................................................... $15,281.607 00
Less amount estimated as lost or destroyed........... 8,375,9.34 00
--------------------- 6,908,673 60
Aggregate o f debt bearing no interest........................ .............. $334,092,713 85
CERTIFICATES AND NOTES ISSUED ON DEPOSITS OP COIN A N D
LE G A L -T E N D E R NOTES A N D PURCHASES OF SIL V E R BULLIO N .
In the
In
Treasury. Circulation
Classification o f Certificates and Notes.
Am ount
Issued.
$17,4*^6,810 $163,178,959 $180,665,769
6,210,336 320,138,307 3i6,354,64S
16,760,000 16.850.000
90,000
5,514,681 78,038,319 81.553.000
Aggregate o f certificates......................... $39,807,827 [$576,115,585 $005,483,41»
R E C A P IT U L ATION.
interest-bearing debt........... —
Debt on which int. has ce a se d ..
Debt bearing no interest...........
Aggregate o f interest and noninterest bearing d e b t ..............
Certificates and notes offset by
an equal amount o f cash in
the Treasury..............................
Increase or
Decrease.
Dec. 31,
1891.
Jan. 30,
1892.
Classification of Dibt.
$
585.027,680 00
8.985,900 20
884,992,713 85
3
$
I. 710 00
585,026,870 00
D. 667,440 O
O
4,633.810 26
386,321,636 35 D. 1,328,922 50
973,9S6,291 11
975,931,040 61 D. 1,995,652 50
005,423,412100
577,143,259 00 II 88,280.153 OO
aggregate o f debt, including
certificates and notes............... 1,579,409,706 11 1,553,135.305 0i 1.26,284.500 50
CASH IN T H E T R EA SU R Y .
a ° ld~ 'B a rs............. .V.V.'.'.V.'.'.V.V":f | : .W ":”
»
i
l
l
'.;?184;299,688 53-$28*,758,S68 24 '
P a p e r - L e g a l t e n d e r notes ( o l d is s u e ) ...........
T r e a s u r y n o t e s o f 1890........................................
•
-
ot- 424.083,597 so
16,583,702 84
00
Gold certificates......................................................
...
6,210.336 00
stiver certificates....................................................
90,000 00
C u r r e n c y c e r t i f i c a t e s ........................................................
National bank n o t e s ........................... 4....... • • 0,028,«88 9 2 •
Other—Bonds, interest and coupons paid, await
710,456 02
ing reimbursement...... ..........................................
367,148 77
Minor coin and fractional currency.
DepositsTn nVt’l bank disposi a rie s -g e n ’i a cc’t.. 15.0*2,767 77
s.yn.eis# 2 6 nunu/sing officers’ balances...................................
Disbursing
SI,920,418 70
20,027,991 85
$778,790,871 74
Aggregate.
DEMAND LIA BILITIE S.
Gold ceHiflcates......................................................... no
So. Car. B row n oons. 97% 97%
Tenn. new settl. 6 s ... 105 106
5 s ............................... 99% 99%
3 s ............................... 68
69%
67% 67%
3s sm all....................
V irginia 6s deferred..
8%
9%
6s trust receip ts___
8%
9
6s tr. rec. stam ped.
8%
8%
Currency certificates.................................................
O
Treasury notes o f 1^90...................• • • ** ........... 81,653,0 0 00—5605,423,412 O
•••
5,661,772 78
Fund fo r redemp. o f uncurrent nat’l bank notes
Outstanding checks and d ra fts..............................
4,234,«84 63
Disbursing officers’ balances................................... 35,695,487
41,999,000 20
Agency accounts, &o....................
••••••••• •••■• 6,407,003 9 i
Gold reserve................................. sr
131,368,459 54
Net cash balance.......................... 31,368,459 51
jgg................................. ................................... $778,790,871 74
Aggregate.
CastTbaiance in the Trèâsürÿ December 81,.1891............................. 184,574,188 SO
Cash balance in the Treasury January 30,1893................................ 131,368,459 04
The daily posted rates for 60 days and demand sterling
exchange in January are given below.
$3,209,668 76
Decrease during the month.
BONDS ISSUED IN A ID OF PACIFIC R A IL R O A D S .
L ow .
A labam a Class A ....... 102%
Do
D o B .......x l0 5 %
Currency fundg. 4s. x 95%
D :st.o f Col.3 658 oou. 113
Louisiana cons 4 s . . . . 85
N. Carolina 1919 6 s .. 123
Consol. 4s.................
97
Speo’l tax tr. reots.
5%
H igh .
102%
105%
95%
114%
86%
123
97%
5%
L ow .
B A N K E R S ’ ST E R L IN G E X C H A N G E (P O ST E D R A T E S ) F O R
Jan.
1
2
3
4
....
....
....
....
5 ___
6 . —.
7 ....
8 ....
I D ....
1 1 ,...
1 2 :...
00
d a ys.
D e
m and.
....... H
Ja n .
13
1 4 . ..
1 5 ...
4 82% -3 4 8 5-%
1 6 ...
4 *3 -% 4 85-%
1 7 . ..
4 8 3-% 4 85-%
1 8 . ..
4 «3 %
4 85% -6 1 9 . ..
4 83%-4 4 85% -6 2 0 . . .
4 83%-4 4 85% -6 2 1 . . .
.......s. .... .... 2 2 . . .
4 84
1 86-%
2 3 . ..
4 84
t 86- %
2 4 . ..
4 82%-i> 4 8 5-%
.........S .
... ....
60
d a ys.
D e
m and.
Jan.
JAN., 1892.
60
d a ys.
4 3410-5
4
4 86-%
26.'.'.'. 4 8 4% -5
4 8 5% -6 2 7 . . . . 4 84% -5
4 85% -6 2 8 . . . . 4 84% -5
..........S.
2 9 . . . . 4 85
4 8 3 -4
4 85%-f> 3 0 . . . . 4 ; 5
4 8 3-4
4 8 5% -6 3 1 . . . . ..........S.
4 84
4 86
4 84-% 4 8 6-%
Open. 4 8 2 %-3
4 84%
4 8 6%
H igh.. 4 » 5
4 8 4%
L o w .. 4 8 2%
4 86%
L a s t.. 4 85
4
4
4
4
84
84
8 3-4
8 3-4
H ig h .
D e
m and.
4
4
4
4
4
8 6 % -7
8 6% -7
8 6 % -7
87
87
4 8 5-%
4 87
4 85 .
4 87
Name
of Railway.
In t. repaid by Companies.
Interest
Interest
Principal
accrued
paid by B y Trans By cash payOut
and not
m’ts; 5 ». c.
standing. yet paid. the U. S. portation
net earnings.
Service.
$
Can. Pacific. 25,885,120
Kan. Pacific.
Uni’n Pacific 27,280,512
Can. Br. U.P. 1,600,000
T V 1 llUlilW 1,970,560
» Sl/a
d o u x C. Ss P. 1,028,320
Totals .. .. 64,623,512
Balante
o f Inter'st
paid by
the V. S
$
6,438,446
$
$
658,283 29,557,2*7
36,841,472
2,305,808
2,073,235
2,294,741
13,023,097
505,020
9,307
183,190
438,410 25,380,986
6,920 1,853,891
2,063,868
2,111,051
323,118 92,173,085
24,130,002
1,108,630 00,946,403
$
$
129,426 36,053,966
186,182
8,000
9,853
8,142
February
6, 1892. J
THE
C H E O N IC L E .
I P t a i c t a r i j * C o m m e r c i a l % xiQ \isJx 3 p t * r s
[F rom our ow n correspondent.]
L o n d o n , Saturday, January
23, 1892.
The directors of the Bank o? England on Thursday reduced
their rate of discount from 3% per cent, at which it has stood
for six weeks, to 3 per cent. The change had been expected
for three or four weeks, and apparently the directors hesi
tated only because they feared that the withdrawals of gold
would become inconveniently large.
Now, however, the
probability of withdrawals has become much less, while the
Bank has srown stronger. Its reserve exceeds 14% millions
sterling, being nearly 40 per cent of its total liabilities, and
the coin and bullion considerably exceed 23% millions ster
ling and are likely to increase. Coin is coming back from
the circulation in large amounts.
Speculation is very quiet here and trade is inactive; indeed
there is depression in several important industries, more par
ticularly in the cotton trade, in the mineral oil trade and in
some branches of the iron trade. Therefore the demand for
banking accommodation for purely trade purposes is small,
and it appears likely in consequence that the return of coin
from the circulation, always large in the spring, will be larger
than usual this year. The outside market, too, is very well
supplied with funds, while bills are exceedingly scarce. On
Wednesday the rate of discount in the open market was little
better than 1% per cent, or just half of the Bank of England
rate. Evidently it was useless to keep up the latter at 8% per
cent. It is hoped now that the Bank of England will be able
to make the 3 per cent rate effective, for in the present quarter
a much larger proportion of the taxes than in any other
quarter of the year is got in, with the result that exception
ally large sums are transferred from the outside market to
the Bank of England.
The silver market continues very quiet. At the beginning
of the week the price of the metal was 43d. per ounce, but on
Tuesday it fell to 42 9-16d. per ounce. A t the moment there
is but little demand either for India or the Continent; but
it seems probable that the Indian demand will increase during
the next few months. The Indian money market for folly a
year has been exceptionally quiet, rates being lower than for
a long time. But on Wednesday the Bank of Bombay and the
Bank of Bengal raised their rates of discount from three per
cent to four per cent. If rates continue to rise there will, as a
matter of course, be an increased demand for silver, and that
may put up the price considerably.
Business on the Stock Exchange continues very small and
very dull. Wednesday being the day fixed for the funeral of
the Duke of Clarence the Stock Exchange was closed, and
consequently both on Monday and Tuesday operators here were
unwilling to increase their risks, the disposition being rather
to sell than to buy. In the American market prices continued
to decline on Saturday, Monday and Tuesday ; and ,owing to
the alarming rumors from New York of the probability of
war with Chili as well as the breaking up of the Western
Traffic Association, it was feared here that a great break
might occur. In consequence of the recovery in New York,
however, on Wednesday, a better feeling has returned, but as
yet business has not increased as was expected. If, however,
New York continues [strong there seem to be grounds for anti
cipating a considerable increase in business. The payment of
interest and dividends during the present month is very large.
At last investment business has decidedly increased, and the
probability is that speculative business will grow also.
A t the same time, fears are returning of difficulties in
Paris. For a long time it has been pointed out in this corre
spondence that Portugal was insolvent, and that before very
long she would have either to cease paying interest altogether
or to make a compromise with her creditors. Her total debt
nearly approaches 150 millions sterling, involving an annual
charge of about 4% millions sterling, or rather more than half
the entire revenue of the kingdom. Her credit being gone,
she is unable to borrow abroad ; and now that she has disposed
of the Tobacco Monopoly, she has no assets to sell, unless she
decides upon getting rid of her Indian and African posses
sions. The revelations concerning the Royal Portuguese Rail
way first caused the resignation of the late Finance Minister,
and then compelled the entire ministry to break up. The new
Cabinet has announced that its task will be the reorganiza
tion of the finances and the reconstitution of the credit of the
country. In a statement made on Monday in the Cortes by
231
the new Prime.Minister it was announced that the public cred
itors will have to make sacrifices. A hope, indeed, was
expressed that the foreign bondholders will not have to
share in the loss, but very few attach importance to
that. It is clear that if there is to be a final settlement of the
debt the foreign bondholders will have to make sacrifices.
Even the most sanguine do not believe that Portugal can pay
more than 2 per cent on her debt, or say three millions ster
ling annually. As a natural consequence, the price of the
bonds has fallen nearly to 28. Portuguese securities are chiefly
held upon the Continent, and very large amounts of them are
still in the hands of the great bankers of Paris and Berlin, and
naturally it is apprehended that the difficulties, both in Paris
and Berlin, will be seriously increased. Matters do not look
well, either, in Spain ; fresh banking failures are continually
occurring in Italy, and the famine in Russia is growing worse
and worse.
During the week three railway dividends have been an
nounced. The North-Eastern, one of the greatest of our rail
way companies, declares a dividend three-fourths per cent
lower than twelve months ago. Its traffic is chiefly mineral.
The two other companies, however, announce increased divi
dends, one 1 per cent and the other one-half per cent higher
than at this time last year. Upon the whole, the dividends so
far announced are better than was generally looked for.
Trade in this country continues very quiet. The fall in
cotton and the decline in the demand for India and the Far
East generally are seriously affecting Lancashire. The minera
oil trade in Scotland is also depressed because of the increased
production of the Standard Oil Company. And there are
complaints too of some branches of the iron trade. The whea
trade is somewhat stronger, though there is little change in
price, owing to the large receipts.
On Thursday afternoon Mr. Goschen’s currency proposals
were discussed at a meeting of the London Chamber of
Commerce. It was unanimously agreed that the metallic
reserves of the country are insufficient and ought to
be increased, but a motion approving of the issue of £1 notes
was defeated by a large majority, an amendment calling for
full parliamentary inquiry being carried instead. Here in
London there is a very strong dislike of £1 notes, and even if
they were issued they probably would not be taken here.
But those who are in the best position to judge, think that they
would be taken in the great manufacturing districts of the
north of England. However, the discussion shows tha
strong opposition will be offered to the proposals of the Chan
cellor of the Exchequer.
The following return shows the position of the Bank
England, the Bank rate of discount, the price of consols, & c.,
compared with the last three years :
1889.
I860.
1892.
1891.
Jan. 23.
Jan. 20.
Jan. 21.
Jan. 22.
£
£
£
£
C irculation...............'. ................. 25,030,715 24,221,755 23,860,020 23,446,190
5,977,204
4,909,471
Public deposits.............................. 6,217,224
5,959,296
Other d e p o sits ............................. 30,735,491 32,683,130 22,836,453 25,411,540
9,453,543 14,623,280 14,561,197
Government securities............... 11,061,858
Other securities............................ 28,739,299 30,402,817 20,816,354 19,985,149
17,054,489 11,581,327 13,992,102
R e s e r v e .................................................. 14,788,604
Ooin and bullion........................... 23,369,349 24,826,244 19,241,347 21,238,292
15%
43 15-16
39 %
Prop, assets to liabilitles.per ct.
sm
6,
3%
Bank rate.......................... per ct. 3 (Jan. 211 3% (Jan. 22)
97 3-16
om
97 5-16
95 13-16
Consols 2M per cen t....................
Clearing-House re tu rn s........... 149,740,000 141,687,000 139,048,000 133,917,000
The following shows the imports of cereal produce into the
United Kingdom during the first twenty weeks of the season
compared with previous seasons:
IM P O R T S.
1891-92.
1890-91.
1889-90.
1888-89.
Wheat.................. c w t 32,483,890 24,229,622 23,056,661 26,405,676
Bariev
................... 10,904,426 10,655,070
7,958,642 9,909.745
O ats.............................. 6.231,523
5/250,456
5,801,486 7,025,573
Peas............................... 1,340,657
784,500
703,743
867.256
Beans............................ 1,586,995
1,254,873
1,466,537 1,113,777
Indian, co rn __ ___ . . . 7,558,024 10,949,268 11,492,985
9,066,463
Flour.............................. 6,747,638 5,683,193
6,904,417 6,136,640
Supplies available for consumption (exclusive of stocks on
September 1):
1891-92.
1890-91.
1889-90.
1888-89
Imx ortsof ‘w'heat.C'wt.32,483,890 24,229,622 23,056,661 26,405,676
p
n n
n
nn.-»
e one m o
r* f \ (\ A A A rr
1QU d A i \
Im ports o f flou r......... 6,747,838
5,683,193
6,904,417 d6,136,640
Sales o f home-grown.13,213,544 16,198,142 21,021,414 14,257,033
r
T ota l.......................52,445,272 46,110,957 50,982,492 46,799,349
1891-92.
1890-91.
1889-90.
1888-89.
Aver, price w heat weeh.SSs. 6d. 32s. 9d.
30s. 2d.
30s. 2d .
Average price, season ..3 6s. 8d.
32s. 2d.
30s. Od.
32s. 3 d .
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This week.
Wlieat.................. qrs. 2,318,000
Flour, equal to q rs. 412,000
M a iz e ................ q rs. 397,000
Laslweek.
2,175,000
365,000
420,000
1891.
1,671,000
347,000
414,000
1890.
1,801,000
282,000
412,000
232
THE
C H R O N IC L E ,
[V O L . U V ,
E n g lis h F i n a n c i a l m a r k e t s —P e r C a b le .
—The semi-annual statement of the Jarvis-Conklin Mortgage
The daily closing quotations for securities, &c., atlL on d o c, Trust Co. will be found in this issue. The net earnings amount
are reported by cable as follows for the week ending Feb. 5:„. 4 ed to $110,635. In addition to these profits the Company re
ceived $112,500 from the premium on the sale of new stock
issued. The surplus was increased from $100, C O to $215,000.
O
London.
Sat.
Mon.
Wed. Thurs. Fri.
Tues.
A dividend of 5 per cent was declared payable Jan. 15. The
M lver, per o z .................d 42
41%
41%
4H 3ie 419,6
419ie
Company holds as capital, surplus and undivided profits
Console, new, 2% p er cts. 959ie 95718 95%
95916 95916 9511k $2.609,817 in addition to the reserve liability by the share
953s
do fo r accoun t......... 95» i 6 95%
95%
9 5 L ,e 95%
holders o f $1,575,000, making a total financial or guarantee
F r’eh rentes (in P arls)fr. 95-35 95-45 95-65 95-72% 95-60 95-55
ing power of $4,184,817.
U. S. 4s o f 19 07.............. 121
121
121
121
121
121
Canadian P a cific............
Chic. Mil. & St. P a u l....
Illinois Central................
Lake Shore......................
L ouisville & N ashville..
M exican Central 4 s .......
If. Y . Central & Hudson.
N. Y . Lake Erie &W est’n
do
2d co n s............
N orfolk & W estern, p re f.
Northern P acific p re f...
Pennsylvania...................
Philadelphia & Reading.
Union P a cific...................
W abash p r e f...................
93 %
825s
112%
126
7638
73%
118%
32
109%
50%
69%
57%
21%
493s
31%
92
81%
111%
126
76%
72%
118%
31%
109%
51
69
57%
21
48%
30%
92%
81%
111%
125%
75%
72%
117%
31%
109%
50%
68%
5738
21%
47%
30
92%
823g
111%
126
76%
73
118
31%
109%
5 0 78
6938
573s
2138
4938
31%
91%
81%
111%
126%
75%
72%
117%
3 0 78
109%
50%
68%
57%
2078
47%
30%
91%
8078
111%
126%
75%
72%
117%
31%
109%
51%
69
57%
21%
47%
30%
(ß o M m & x tin X vcnßi W H s c z l l d m o n s
—Attention is called to the card on the first page o f this
issue of the Union Loan & Trust Co., of Sioux City, Iowa.
The company has a paid up capital of $1,000,000.
G o v e r n m e n t R e v e n u e a n d E x p e n d i t u r e s .— Through the
courtesy of the Secretary of the Treasury, we are enabled
to place before our readers to-day the details o f Govern
ment receipts and disbursements for the month o f January,
From previous returns we obtain the figures for previous
months, and in that manner complete the statement for the
seven months o f the fiscal years 1891-92 and 1890-91.
tx o s
r e c e ip t s
1801-92.
N a t i o n a l B a n k s . —The follow ing national banks have
recently been organized:
4.690—
The First National Bank o f Caldwell, Idaho. Capital, $50,000H ow ard Sehree, President; W alter R . Sehree, Cashier.
4.691— The Fourth National Bank o f Columbus, Georgia. Capital,
$150,000. T. E. B lanchard, P resident; Ephraim P. Owsley, July..,.
A u g...
Cashier.
_
The W yom ing N ational Bank o f Laram ie City, W yom ing (No. 2,110), Sept_
was on the 28th instant changed to the W yom ing National Bank of O c t . . ..
Laramie.)
N o v ....
I m p o r t s a n d E x p o r t s f o r t h e W e e k . — The following are D e c ___
the imports at New York for the week ending (for dry goods)
Jan. 28 and for the week ending (for general merchandise)
Jan. 29; also totals since the beginning of the first week in
January.
Jan......
1889.
1890.
$
15,468
15,165
14,121
13,981
12,659
14,329
17,459
$
3891.
142
111
836
112
114
287
159
4,188
1,107
1,098
1,401
1,664
1,956
1,484
$
84,300
28,8851
28,001
28,560
26,917
29,083
30,542
JSi.Rk.
Inter'l Red’p. Misc'i lotal.
Rev'ue Fund. S’rces
t
23,053
20,316
22,035
24,934
15,228
17,774
23,898
$
$
i
$
304 2,328 38,303
11,718
12,557 2,700 1,034 36,607
12,615 3,021 2,133 39,804
994 1,448 40,216
12,840
807 2,129 28,986
11,322
13,971
264 2,721 34,730
11,254
246 1,658 37,056
^ m os... 108,182 89.497 1.761 12.848 206,288 148,138 86,277 7,836 13,451 255,703
d is b u r s e m e n t s
1892
$3,836,848
8,361,224
$3,493,600
6,424,963
$2,650,860
7,949,790
(OOOs o m itte d ).
T ota l...........
Sirice Jan. 1.
D ry G ood s.......
G en’l m er’dlse.
$12,198,072
$9,918,563
$10,600,650
$12,006,677
$12,610,506
25,452,288
$14,360,160
24,918,235
$12,749,579
29,864,777
$12,474,861
30,889,264
Total 4 w eeks..
$38,062,794
$39,278,395
$42,614,356
$43,364,125
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Feb. 2 and from January 1 to d a te:
EXPORTS FROM NEW YORK FOR THE WEEK.
1891.
1892.
F o r the w e e k ..
P rev. reported.
$6,858,241
19,774,328
$7,164,962
21,359,333
$6,576,830
19,500,867
$26.632.569
$28,524,295
$26,077,697
$36,837,491
July....
A u g...
Sept....
O c t . . ..
N o v_
_
D e c ___
Jsd ......
N.Bk.
Pen- In- Red'p. Total.
sions. terest. Fund.
$
21,536
13,974
15,169
14,500
14,018
16,936
16,980
$
$
«
$
$
i
13,663 2,823 1,698 39,720 «16,653 14,863
5,094
469 1,201 20,738 bl4,640 18,839
6,683
415 1,668 23,935 C17.817
38
10,977 5,174 1,221 31,872 d20,423 11,007
359 1,755 27,911 | 15,411 21,511
11,784
13,140
326 1,398 31,809 el6,552 2,654
1,080
10,522 6,673 1,488 35,663 j/17,588
Ordìnary.
1
Y.Ek
In- Red’p. lotal.
P en sions. terest Fund.
$
7,232
876
13,410
4,313
3,538
455
2,851
*
304
1,849
2,074
2,903
2,110
1,935
2,462
f
39,052
86,204
33,339
38,036
42,570
21,596
23,981
7 mos... 113,108 71,872 16,239 10,429 211,648 119.0S4 70,08 2 32,675 12.937 234,778
In 1891 disbursements fo r premiums included : a $9,054,379; b $1,729,850
c $4,524,491; d $143,215; e $1,910,004; f 39,581; t b e total being $10,401,220.
C o in a g e b y U n i t e d S t a t e s M i n t s . — The following state,
ment, kindly furnished us by the Director of the Mint, show»
the coinage at the Mints of the United States during the month
of January, 1892.
$8,259,288
28,578,203
X jt a l 4 w eeks..
1890-91.
Ordìnary.
$3,312,386
8,694,291
1890.
*
1
14,552
12,502
11,916
13,066
12,480
12,511
11,440
Oustoms.
1801-92.
D ry G ood s.......
Gen’l m er’dlse.
1889.
1890-91.
Ous- Inter'l ar.Bk. Misc’ l lotal.
Bed'p.
toms. Rev’ue Fund. S’rces
f o r e ig n im p o r t s a t n e w t o r k .
F or Week.
(0 0 0 s o m itte d ).
1«* Month o f 1892.
January.
Denom ination.
The following table shows the exports and imports of specie
at the port of New York for the week ending January 30 and Double eagles...........
since Jan. 1,1892, and for the corresponding periods in 1891 Eagles.........................
Half eagles................
and 1890:
Pieces.
Value.
74,500
5,000
10,000
$
1,490,000
50.000
50.000
Pieces.
Value.
74,500
5,000
10,000
$
1,490,000
50.000
5 0 .000
EXPORTS AND IMPORTS OF SPECIE AT NEW TORK.
Sold.
Exports.
Week.
Great B ritain ............
F ra n ce .........................
G erm any.....................
W est In d ies................
M ex ico.........................
South A m erica..........
A ll other cou n tries..
Total 1 8 92...........
Total 1 8 91...........
T ota l 18 90...........
Silver.
Im ports.
Since Jan. 1.
$19,026
$34,712
20,000
16,660
3,000
75,000
Week.
$39,026
58,567
6,900
$129,372
523,368
198.482
Exports.
Week.
G reat B ritain ............
F ra n ce.........................
G erm any.....................
W est In d ies................
M exico.........................
South A m e r ic a .........
A ll other cou n tries..
$340,732
51,500
T otal 1 8 92...........
T otal 1891...........
T otal 18 90...........
$392,232
611,130
720,036
Since J a n .l.
$28,225
263,252
$ÌÒ, 975
6,817
$389,904
741,272
853,739
Imports.
Week.
Since J a n .l.
$19,300
$4,037
58,484
7,772
20,386
300
$4,037
145,361
35,873
$106,242
281,780
163,300
9,045
$1,848,832
1,7X6,293
2,642,659
23,334
3,489
70,204
1,400
$17.792
49,634
107,929
$1,696,732
103,700
39,355
Total g o ld ..............
Since Jan. 1.
89,500
1,590,000
89,500
1,5 90,0 00
Standard d o lla r s ....
Half d olla rs..............
Quarter d o lla r s .....
D im es.........................
326.000
560.000
1.256.000
2.450.000
326.000
280.000
314.000
245.000
326,000
56 >,000
1.256.000
2.450.000
326.000
280.000
314.000
245.000
1,165,000
Total silver............
4.592.000
1,165,000!
4,592,000
Five cen ts.................
1.066.000
53,300
1,066,000
53,300
One cent.....................
3,7*20,000
37,200
3,720,000
37,200
Total m in o r ...........
4,786,000
90,500
4,786,000
90,500
Total coin age.....■
9,467,500
2,845,500
9,467,500
2 ,8 4 5 ,5 0
B o n d s H e l d b y N a t i o n a l B a n k s . —The following interest
ing statement, furnished by the Comptroller of the Currency,
shows the amount o f each class o f bonds held against national
hank circulation and to secure public moneys in national bank
depositaries on February 1. W e gave the statement for
January 1 in C h r o n i c l e of January 9, page 68, and by refer
ring to that the changes made during the month can be seen
U. S. Bonds H eld Féb. 1 ,1 8 9 2 , to Secure—
Description o f Bonds.
—The City of Dallas, Texas, invites proposals for $160,000
funding 40 year 5 per cent bonds, See advertisement in
column adjoining State and City Department.
__. . . . . . . . . . . .
Total Held.
15,037,500
1,958,000
Total
B a nk
Circulation.
$1,131,000
Of the above imports for the week in 1892 $15,152 were
American gold coin. Of the exports during the same time
$20,00j were American gold coin.
Public Deposits
in Banks.
$11,047,000
62,500
125,532,950
21 ,7 8 5 ,-0 0
$12,173,000
62,500
140,570,450
23,743 ,600
$18,126,500
$158,428,050
$176,554,550
February
THE CHRONICLE.
6, 1892,]
The movement of breadstuffs to market is indicated in the
statement below, prepared by us from the figures o f the New
York Produce Exchange. W e first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Jan. 80, 1892
and since August 1, for each o f the last three years:
Barlsy.
Oats
By*.
Corn.
Wheat.
Flour.
BMs.lPeZb Bush.OOlb- Busfc.56 lb Bush.82 lb* Bush AH lh B u. 5« '
409,077
81,989
953,304 1,342,538
348,341
100,331
Ohleago........
91,000
214,700
18,895
31,320
151,350
64,167
Milwaukee...
236,23 Ì
1,111,410
Minneapolis.
6,700
600
187,600
6,800
32,603
1,450
T oledo..........
25,693
22,398
14,855
34,272
2,014
D etroit., . .
27,800
7,500
13,300
24,500
6,436
Cleveland....
324,175
120,800
9,800
276,238 1,770.065
St. L ou is.....
24,181
341,00‘
57,000
501,0X1
5,500
19,500
4,350
P eoria..........
Receipts at—
Tot.wk. ’P2
Same wk.’ 0l.
Same wk.’90.
Anee Aug. l.
1891-92.....
1800-91......
1880-90....
202,929
204,707
206,027
2,234,434
1,381,274
1,136,852
2,158,006
1,520,877
1,707,065
3,471,444
1.728.265
3,646,907
832,075
651,560
565,919
122,984
95,973
91,340
6,518,581 154,873,605 63,332,687 59,560,249 21,780.219 12,516,018
5,056.394 71,304,643 48,867,073 52,051,965 23,339,203 2,764,925
6,476,159 84,747,559 84,8S6,766 47,09(5,772 17,525,239 4.069,836
The receipts o f flour and gram at the seaboard ports for th e
week ended Jan. 30,1892, follow :
Flour,
bbls.
New Y o r k ......123,153
B oston......... . 64,808
M ontreal......... 4,550
Philadelphia... 69,056
B altim ore.. .. . 48,084
Richm ond .. . 4,525
New Orleans.., 16,878
Corn,
Wheat,
bush.
bush.
413,250 708,350
178,927 111,267
36,951
545
24,555 1,092,910
102,106 1,268,801
9,042
5,308
157,068 192,406
Oats,
B a rley ,
R y t,
bush.
bush.
bush.
449,975 156,000 88,350
104,017 10,447
710
47,917
4,000
1,145
90,117
14,000
1,757
20,878
250
60,054
9,600
Total week.. 331,054
Oor. w e e k ’ 91.270,944
918,165 3,383,321
276,153 646,687
736,958 170,447 101,812
503,899 182,661
9,726
Below are the rail shipments of flour and grain from
Western lake and river p >rts for four years:
1892.
Week
Jan. 30.
361,059
1891.
Week
Jan. 31.
379,445
1890.
Week
Feb. 1.
371,539
1889.
Week
Feb. 2
230,362
W heat........... bush. 792,947
C o m ............ ............ 2,808,411
Oats............... ............ 1,568,854
447,889
Barley........... ............
79,582
R y e................ ............
713,936
904,647
1,161,808
327,463
87,554
314,283
3,041,861
1,229,070
384,094
73,044
486,792
777,503
653,313
255,152
46,639
F lour ............ .. bblB.
T o t a l ................... 5,695,683
3,195,408
5,042,352
2,219,399
The exports from the several seaboard ports for the wee*
ending Jan. 30, 1892, are shown in the annexed statement
E xports
fr o m —
Wheat.
C om .
Flour.
Oats.
Rush.
Bush.
New York 1,034,504 436,841
153,994
B o sto n ...
52,472
Portland.
61,092
1 1 8 .7 0 2
147.584.
N orfolk ..
fi2’0 1 7 1
phlJfyiAl
Baltim ’re 3«6J)93 L379Ì231
N. OrPns. 406,455 112,406
N .N ew s..
22,000
84,000
Rlohm’d .
Bbls.
100,660
33,712
357
Tot. week. 2,244,857 3,565,203
8’m e time
1 8 9 1 ... 363,406 234,495
385,755
206,957
229,778
Bye.
Pea*
Bush.
76,411
17,201
Bus n
26,780
52,801
10,630
6,706
Bush.
164,754
30,263
11,940
77,648
8,124
90,858
Tot.
Tot.
Tot.
Tot.
Tot.
Jan.
Jan.
Jan.
Feb.
Feb.
30.’92.
23 02
3 *,’9 1
1,’9 0 .
2,'89.
Wheat,
bush.
5,458,362
328.000
2,690! è 20
365.000
9,230,448 1,322,197
30 L,028
63,511
399,359
10,233
7,396,059
400,703
1,555,550
462,300
834,550
6,361
25,000
3,046,354
917,104
127,500
21.000
151,797
202,331
114,614
800
457,354
382,621
633,962
22,886
614,483
33,220
21,700
766,509
73,920
649,468 1,117,061
8,272,252
361,162
N. If. and Brooklyn (Jas Securities—Brokers’ Quotations,
G A S C O M P A N IE S .
B id.
B id. Ask
G A S C O M P A N IE S .
Ask.
120
123
Consolidated G as................
Jersey C ity & H o b o k e n ..
Metropolitan—B o n d s .......
Mutual (N . Y . ) ...................
113
175
107
121
100
134
S c r ip .'............ ................... 100
102
113 *2 M etropoli tan (B rook lyn )..
M unicipal—B onds, 7 s.......
111
Fulton M u n icip a l..............
102
84
125
106
103
102
134
100
137
105
87
180
109
106
136
105
140
108
.........
Auction Sales—Among other securities the following, n o t
regularly dealt in at the Board, were recently sold at auction.
By Messrs. R. V. Harnett & C o.:
Shares.
192 Indian Spring Land Co.,
$50 each ............$ l-$ 2 p er sh.
40 P henix Ins. C o................. 1 4 5 ^
100 Nat. Broadway B an k___271
50 Bank o f New Y o r k .........2361
s
70 Comm ercial A lliance L ife
Ins. C o ..........................60-100
25 B ow ery B an k ...................308
200 Ohio Cent. R E . (old st’k) .$53 lot
Shares.
100 Minneapolis & St. Louis
R y. C o .,c o m ................. 8 %
50 German Am erican B ank. 124
10 East Tenn. Land C o......... 45
30 Southern Nat. B an k.........100
Bonds.
$2,000 Chic. Kan. C. & T ex.
R y. Co. 1st 6s, 1907.......... $81 lo t
By Messrs. Adrian H. Muller & Son :
Shares.
Shares.
75 Little R . & Mem. RR. Co. 8 1
*
32 United New Jersey R R .
208 Cin. & M uskingum Val.
& Canal C o .......... .— 225
R 'y Co., $50 ea ch ... .$10 lot
500 R ushforth Feed W ater
Heater C o..................... 20
200 The N. J. Steamb. Co. . 454i
Bonds.
66 Peoples’ Fire Ins. C o... 8 0 ^
$8,000 Little R . & Mem. R R .
250 N. Y . W arehouse & Se
curity Co. (in liquida
1st 5s, 1937, M&S................ 7 7 %
tion, 49£ p aid ).. $3 ^ per sh. $5,000 Cin. & Muskingum
32 Cent. P. N. & E. R. R R 11 9^
Val. R ’y 1st 7 s „ 1901. Jan.
1 ,1 8 8 7 , coupons on, J & J ... 57
10 L aw yers’ Title Ins. C o ..15742
15 Corn E xchange B a n k ..2534* $6,000 Texas Cent. R ’y Co.
16 Title Guar. & Trust Co. 165
(trust receipt) 6s, 1909
May. 1885, coupons o n ....... 251500 Aoadia Coal Co.. Lim’ d. 10
$8,000 Kansas City 7s, issued
580 St. L. & Miss. Val. Trans
to Kansas & Neosho R R .,
portation C o................ 65
1500 Couper M illing C o......... 15
1897, J & J ..........................11148-4 .
4
$36 St. L. & San Fran. RR.
960 Ciev. & M arietta R ’y Co. 25
stock scrip ............................. $4
100 Farragut Fire Ins. C o ..100
10 Thurber-W hyl’d Co. p f.. 100 i $5.000 Bleecker St. & Fulton
F erry R R . 1st 7s, 1900,
5 Im porters’ & Traders’
J&.T..........................11242 and in tNat. B an k................... 580 I
100 M anhattan Trust C o_ 126 I $252 Mutual Fire Ins. Co. o f
_
N. Y. 6% scrip, 1887-1888... 75
15 Jou rn eay& Burnham 8#
p ref............................... 1 lO 1 j
^
spatxMtxfl atxfl Jfiwatxjcial.
164,578
92,711
B ar ey,
bu
110,845
56,300
5,600
570.770
92,339
14,933
560,088
28,375
102,289
130,986
22,624
95,064
60,420
202,959
10,424
2,000
59,fc98
14,630
126,853
363,964
282,836
175,203
38,319
81,062
58,568
17,000
7,674
9,600
12,767
791,056
Spencer Trask
11,493
B ye,
bush.
811,497
19,000
14,800
126,601
O om ,
Oats,
bush.
bush.
1,514,963 1,183,861
18,500
45,958
holders, $5,813,307. The total assets January 1 were $48,576,-383. Surplus, $3,545,792. There were 10,612 policies issued
in 1891, and the total of policies in force January 1,1892, was
69,350.
—The Chesapeake & Ohio Railway Company gives notice
that, having purchased from C. P. Huntington all his securi
ties of the Elizabethtown Lexington & Big Sandy Railway
Company, and having agreed to offer the same terms to other
holders of like securities, announces that on and after this date
it is prepared to receive such securities for exchange, on the
terms of their circular printed elsewhere, at the office o f
Drexel, Morgan & Co., who will issue temporary negotiable
receipts therefor, provided the securities are deposited on or
before February 20th next.
43,072
27,894
The visible supply of grain, comprising the stocks in granar y
at the principal points of accumulation at lake and seaboa* d
ports, Jan. 80, 1892:
Jn store at—
New Y ork......... .
D o afloat.......
A lb a n y ................
Buffalo..............
D o afloat.......
Chicago................
Do
a flo a t....
M ilw aukee.. . . . . .
D u lu t h ................
Do
afloat___
T o le d o ..................
D e t r o it ...............
O s w e g o .............
St. Louis..............
Do
a flo a t...
Cincinnati *.........
B o s t o n ................
T oron to.............. .
M o n t r e a l.........
P h ila d e lp h ia .....
Peoria................ .
Indian apolis.. . . .
Kansas C ity.......
B a lt im o r e ........
Minneapolis.........
On canal & river.
2 33
39,691
13,812
17,374
29,492
90,525
17,000
43,122,254 7,386,546 3.572,319 2.061.126
43,717,229 7,249,013 3,647,682 2,083,262
23,799,247 2,642,2 43 3,524,366 401,812
31,48 L193 11,918.447 5,156,474 1,513,403
34,874,338 13,323,294 8,064,846 1,698,091
Cincinnati—Last week’ s stacks ; this w eek’s not received.
240,775
26,180
38,163
90,000
43,945
106,000
7,698
101,352
42,065
A L B A N Y N. Y.
1,550,551
1,861,362
3,144,068
1,895,211
2,384,180
Co.,
PROVIDENCE, R . I.
Direct Private Wire to Each Office.
A ll al&sses of Securities Bought and Sold on Commission. Special attention
given to INVESTM ENT SECURITIES.
L IB E R T Y
N A TIO N A L
BANK,
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 rk .
C A P IT A L ,
$ 5 0 0 ,0 0 0
ACCOUNTS OF BANKS, BANKERS AND MERCHANTS SOLICITED.
HENRY C. TINKER President.
HENRY GRAVES, Vice-President,
JAMES CHRISTIE, Cashier.
D IR E C T O R S .
HENRY C. TINKER,
E. F. C. YOUNG,
H. C. FAHNESTOCK.
HENRY GRAVES,
WM. RUNKLE,
HON. G. A. HOBART*
GEO. F. BAKER,
DUMONT CLARKE,
J. A. GARLAND'
J. R. MAXWELL,
JNO. H. STARIN.
T H E M E R C A N T IL E N A TIO N A L BANK
OF T H E C IT Y OF N EW Y O R K ,
N o. 1 9 1 B r o a d w a y .
7,500
1 C 019
&
BAN KERS,
N o s. 1 6 a n d 1 8 B r o a d S tr e e t, N e w Y o r k : C it y .
2 0 C o n g re ss S tr e e t, B o s t o n .
C a p ita l,
$ 1 ,0 0 0 ,0 0 0 I S u r p lu s & P r o fit s , $ 9 5 0 ,0 0 0 '
WILLIAM P. ST. JOHN, President. |FREDERICK B. SCHENCK, Cashier.
JAMES Y. LOTT, Assistant Cashier.
A C C O U N T S S O L I C IT E D .
TH IRD N A TIO N A L
OF T H E
C a p ita l,
-
BANK
C IT Y OF N E W Y O R K .
-
-
-
-
-
$ 1 ,0 0 0 ,0 0 9
J. B. WOODWARD............................. President.
—The forty-seventh annual statement of the Mutual Benefit
. ...........Cashier I J. FRED’
Life Insurance Company of Newark, N. J., has been issued. HENRY CHAPIN, Jrand oarefol attention to K SWBASY....Asst.Cashier
Accounts solicited
the interests o f Depositors
The receipts for the year were $8,940,619; payments to policy- guaranteed.
THE
234
C H R O N IC L E .
[V o u L1V.
mium; bank, $1 50 per $1,000 premium; Charleston, buying par,
selling % premium; St. Louis, 75c. per $1,000 premium;
Chicago, par.
D I V I D E N D S.
Name o f Company.
P er
Gent.
R a ilr o a d « .
2
Chic. & A lton pref. & com. (quar.)
C hicago Burl. & Quincy (quar.)..
1%
2
Chicago & W est M ichigan............
2%
N. Y . P rov. & B oston (quar.).......
O ld C olony (quar.).......................... $1 75
St. Paul & Duluth p ref..................
3ia
F ire In s u ra n ce .
5
P eter C ooper....................................
i H j s c e 'l a n e o u s .
21*
P rov . & Slouington SS. (quar.)...
21
2
Southern Cotton O i l .....................
United States Bonds.—Quotations are as follow s:
When
Payable.
Mar.
Mar.
Feb.
Feb.
Mar.
Mar.
Books Closed.
(B a ys inclusive.)
1
15
15
10 Feb.
1
1 Feb.
to
to Feh. 29
to
1 to Feb. 10
to
5 to Feb. 29
On dem.
to
Feb.
to Feb. 10
t o -----------
10
Interest Jan.
Periods 30.
Feb.
Feb.
Feb.
Feb.
Q
4.
3.
!•
2 s , ................. . .reg. Q.-Mch. *100 *100 *100 *100 *100
4s, 1907........ ...r e g . Q .-J a n . *116 *116
116% *11613 *11613
4s, 1 9 07......... .cou p . Q .-J a n . *116 *116
116% 116% *116%
*109 *109 *109 *109 *109
6s, cu r’ey,’95. ...r e g . J. & J.
6s, cu r’cy ,’ 96. ...r e g . J. & J. *111 *111 *111 *111 *111
6s, cur’cy ,’ 97. ...r e g . J. & J. *113 *113 *113 *113 *113
6s, cur’ey,’ 98. ...r e g . J. A J. *11512 *11513 *116 *116 *116
6s, cu r’cy,’ 99. ...r e g . J. & J. *118 *118 *11812 *11813 *118
*TM sis tue price bid at tne i n a r m ? board.; no s;lie was made.
Feb.
5.
*100
*116%
*116%
*109
*111
*113
*116
*118%
Government Purchases o f Silver.—The following shows
the amount of silver purchased by the Government in Feb.
W A L L S T R E E T ) F R I D A If, F E B . 5, 1 S 9 2 - 5 P. M .
The Money Market and Financial Situation.—Notwith
standing the easy money market in London, there seems to
be occasional realizing on American securities by sales here,
and this for the best possible reason, namely, because sellers can
make money by the transaction. Ever since the tide turned in
August, 1891, New York has been, relatively speaking, the
best market in the world for securities ; and as prices are now
much higher than a year ago there is an inclination to
realize on Americans whenever the foreigners wish to
strengthen their stock of money. What ¿they are thinking as
to our silver situation here we can not exactly tell, but it may
be assumed that when silver is very low they are better satis
fied to sell securities and take gold or its equivalent than when
it is ruling higher.
Among the so-called industrial stocks- may be classed the
anthracite coal companies in a certain sense, as their pros
perity depends much on the sale of coal and its price in the
market. Hence whatever advantages or disadvantages per
tain to industrial companies in times of inflation or of sharp
changes in business which affect prices of merchandise, attach
very largely to the anthracite coalers.
The winter is so far rather f avorable for the W estern railroads,
and this is by no means an insignificant point in diminishing
their expenses. New York can well remember the actual money
damage inflicted by the famous blizzard of March, 1888, and
although such storms as that are very rare, the average bliz
zards of the West with heavy snow falls are sufficiently dam
aging to the railroads and greatly increase their percentage of
operating expenses.
A renewal of wheat exports on a large scale would probably
stimulate the financial markets, but the accumulation of grain
abroad was so large prior to the close of 1891 that there is yet
no sharp demand for our supplies, though to-day export pur
chases were more active than for some time past.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1 to 2% per cent,
the average being 2 p. c. To-day the rates on call were 1%
to 2 p. c. Commercial paper is quoted at 3% @4% per cent.
The Bank of England weekly statement on Thursday showed
an increase in bullion of £ 21,000, and the percentage of reserve
to liabilities was 42-01, against 40-33 last week; the discount
rate remains unchanged at 3 per cent. The Bank of France
shows an increase of 16,775,000 francs in gold and 2,650,000
in silver.
The New York Clearing-House banks in their statement of
Jan. 30 showed an increase in the reserve held of $6,028,400
and a surplus over the required reserve of $36,020,900, against
$33,002,900 the previous week.
1892.
Jan. 30.
-Capital..................
Surplus.................
L oans and diso’ts
C ircu lation . . . . . .
N et deposits........
S p e c ie ...................
L egal tenders___
R eserve held___
L egal reserve___
S irplus reserve
Bifferen'sfrom
Prev. week.
1891.
Jan. 31.
1890.
Feb. 1.
$
59,372,700
66,007,900
453,582,700
5,488,300
509,514,000
113,192,600
50,206,800
163,399,400
127,378,500
$
In c .6,380,100
D ec.
78,400
I o . 12,041,600
I n c .2,790,200
In c .3,238,200
In c .6,028,400
In c .3,010,400
$
67,119.700
65,375,800
389,688,900
3,505,000
411,044,700
90,268.900
36,435,400
126,704,300
102,761,175
$
60,862,700
57,620,900
404,272,000
3,337,700
429.188.600
90,056,200
31,509,100
121.565.600
107,297,150
36,020,900 In c 3,018,000
23,943,125
14,268,450
Foreign Exchange.—The market for sterling bills has been
dull all the week, but rates are notably strong. Commercial
bills are in moderate supply and the foreign markets appear
to be more willing sellers than buyers of our securities,
The high asking prices of some bankers are out of proportion
to selling rates. Actual rates for exchange are: Bankers’ sixty
days sterling, 4 84%@4 85; demand, 4 86%@4 87; cables
4 87(34 87%.
Posted rates of leading bankers are as follows :
February 5.
Sixty Bays.
P im ebankers’ sterling bills on L o n d o n .. 4 8 5 % 3 4 86 4
P im e c o m m e r c ia l.............................. ........ ,. 4 83% ®4 84
D joum entary com m ercial............................ 4 83*434 83%
5 20 @ 5 193s 5
40 i)6@ 40%
F ran kfort orJBremen (reichm arkslb’nkers 95 @ 95%
Bemand.
87% @ 4 88
17% @ 5 16%
40% ® 40*16
95% ® 95%
The following were the rates of domestic exchange on New
York at the undermentioned cities to-day: Savannah, buying,
par; selling % premium; New Orleans, commercial, 50c. pre-
Ounces
offered.
P rice paid.
February 1 ............................ 1,234,000
•
•
3 ............................. 639,000
“
5............................. 9:.;0,000
400.000 $0-9090 @ $0-9115
439,000j$0"9080 @ $0-9110
360.000 $0-9110 ® $0-9140
‘ Total in m onth to d a te.. 2,833,000
l,199,000l$0-9080 @ $0-9140
........ $ .......
@ $
......
** The loca l purchases o f each week are n ot reported till M onday o f
the follow in g week.
Coins.—The following are the current quotations in gold for
various coins:
Sovereigns........ ..$ 4 84
N a p oleon s............ 3 85
X X R eichm arks. 4 72
25 P esetas............ 4 75
Span. D oubloons. 15 50
M ex. D ou bloon s. 15 50
Fine g o ld b a r s ... p ar
@ $ 4 88
@ 3 90
@ 4 76
@ 4 85
@ 15 70
@ 15 70
@1* prem .
F ine s ilv e r b a rs ..
91 @ — —
F iv e fi& n c s ........... — 90 @ — 95
M exican d o lla r s .. — 70% ® — 73
iDo un com m erc’ l -- -- ® — —
» — 73
Peruvian s o ls ..... - 7 0
English s ilv e r .... 4 80 @ 4 90
U.8. tra d e d ollars — 70 @ — —
State and Railroad Bonds.—
'State bonds have been more
active at the Board in moderate lots, and sales include $10,000
Va. 6s, defd. at 9 ; $2,500 do tr. rec. at 9% ; $5,000 La. consol.
4s at 85 ; $1,000 Ala. class “ A ” at 103 ; $15,000 A1 a. cur. fdg
4s at 95%®95% ; $2,000 N. Car. 6s, 1919, at 123 ; $3,000 South
Car. 6s, Brown consols, at 95%®96 ; $9,000 N. Car. con. 43 at
98@98% ; $23,000 Tenn. settlt. 3s at 68%@69 ; $1,000 settlt. 6s
at 105%.
Railroad bonds have continued to show a general and well
distributed business without as much activity in special
bonds. The Atchison incomes have been most prominent for
large dealings and have declined several points, closing at
60%. The company makes a handsome exhibit of net earn
ings for the first half of its fiscal year—the six months July to
Dec., 1891—and the weakness in the incomes is not well ac
counted for. The Richmond Terminal bonds continue strong
under the prospect of a reorganization plan which, it is pre
sumed, will fully protect them. Union Pacific gold notes 6s
have sold ex-coupon since Feb. 1 and close at 97, equal to 100
last week. There has been less speculative business in bonds,
but the Stock Exchange sales show pretty wide investment
dealings throughout the general list at prices that are well
maintained and in not a few cases higher than before. The
fluctuations in stocks have not much affected mortgage bonds
and this shows a healthy condition of the current business.
Railroad and Miscellaneous Stocks.—The stock market
has been less satisfactory than in previous weeks, and prices
are in some cases lower. There has no doubt been a consid
erable amount of realizing both for home and foreign account
by parties who bought stocks lower and can make a good
profit on them at present figures. Add to this the fact that
for nearly two months the market has run mostly in the bull
interest, and that those who are naturally bearish watch for
every opportunity to attack specialties on the first sign of
weakness, and these circumstances give a fair diagnosis of the
present condition of the stock market. It may also be fairly
said that the railroad gross earnings each week are not show
ing as strongly by comparison with the previous year as they
did in the fall, though we have yet bad no report of net earn
ings for January to prove how the new year will show up.
Atchison stock and income bonds have sold quite heavily at
declining prices without any apparent cause. The stock, after
touching 37% to-day, recovered to 38% at the close. Burlington
& Quincy, St. Paul and Rock Island have also been weak as
compared with their late range, and have shared in the general
reaction in Western stocks. Distilling & Cattle Feeding,
commonly known as Whisky Trust, has been the most active
and weakest of the specialties, selling about ten points lower
than a week ago, with the usual losses to outsiders in case of
an “ industrial” stock of this kind where its real status and
prospects are only known to the managers; the reported policy
of acquiring other competing properties is one cause for the
decline. Louisville & Nashville is among the stocks sold for
foreign account, but declined 2 points only for the week.
The anthracite coal stocks have been exceptionally strong on
good buying and on a reported agreement about the matter of
Coxe Bros.’ tonnage which prevents a break of harmony on
that score. They were the leaders to-day at buoyant prices,
with various rumors of a lease or control of one company by
another, which were not confirmed. The Edison General
Electric Company has advanced sharply on the plan of con
solidation with Thomson-IIouston.^
Sugar and Lead have been quiet and inactive and silver
bullion certificates very dull at 91%.
THE
C H R O N IC L E .
[ EXCHANGE__A C T I V E STO CK S for week ending FEB. 5 , and since JA N . I , IS
H I G H E 8T A N D L O W E S T P R IC E S
Saturday,
Jan. BO.
M onday,
Feb. 1.
Tuesday,
Feb. 2.
Wednesday,
Feb. 3.
Thursday,
Feb. 4.
Friday,
Feb. 5.
Sales
o f the
Week,
Shares.
R ange o f sale
Lowest.
37% 39% 220,477 37% Feb.
4*9 Feb.
610
4*2
4*2
<
89
89
2,428 88% Jan.
4,045 58% Jan.
60
60%
117 1203s 16,126 111*2 Jan.
32% Jan.
*31*2 32*9
24% 25*8
9,237 24% Feb.
61
61*2
5,421 59 Jan.
42% 43
7.864 38*2 Jan.
139 142
5 139 Feb.
1063a 107% 56,631 106*4 Jan.
65
65
300 66*2 Feb.
66*2 66*2
98 Jan.
.........100*2
*99 100
78*4 79*4 78*8 793? lli',4 7 0 77% Jan.
6,979 120*2 Jan.
125 125*2 124*2 125%
116% 117% 116*4 117*4 32,530 114% Jan.
144 144
348 141 *2Jan.
90*2 91*4 9038 9 )3 8 47,919 88*2 Jan.
90% 91%
48*8 481
% 48*8 49*8 15,565 44 Jan.
48*2 49*4
580 108*2 Jan.
113*8 113*8 114% 115
*114
L15
9,895 70*4 Jan.
7078 7 1 7s 70% 71%
71% 72
98
98
200 95 Jan.
3<=% 31%
9,775 29*2 Jan.
31
32
s i " "si" " 31*8 ’ 3138 ” 3 1 ” " s i "
5,399 12278 Jan.
124*2 125*2 124% 128
1263s 126% 125
125*2
L2 5% 126
‘
144*s 147*2 146*4 14838 80,865 138*8 J n.
L45%
145 146*4 144
L45*2 146
17% 17%
800 1678 Feb.
1 6 78 16%
17*2
18
18 *......... 18
49
50*8 493a 4 9 7& 21,93( 45 Jan.
47% 49%
49 7s 5034 48*4 50
7 Feb.
*7
7*2
1,802
7
7
7*2
7*2
*7*2
8
*7*a
8
*45
55
50
50
10 46 Jan.
*45
65
*45
54
*46
55
15*2 15*2
600 14% Jan.
15*2 15*2
*14
16
*16*2 18
*16*2 18
120 123
450 x l 19*2 Jan, 15
119
119
122 L22
121*2 122
L20 122
L5
‘2
'Í 23" i'2
‘5 123% 124 123*2 123% 1,270 119 Jan.
124*2 124*9 *123
124 125
2,044 107*2 Jan.
109*8 109*4 108*2 108% 109 109*4 108*4 108*2 108*4 108*4
109 109
13*2
1,096 12*4 Jan.
13*2 13*2 *13
13*4- 13*4
13*8 13*4
13*4 13%
13
13*s
47% 48
3,002 46 Jan.
48
48
48
49
47*2 48*9
48
48*9 48*2 43
21 % 21 %
2,538 20*4 Jan.
22 22% 22 22*8 2178 22
22
22 7i
2 2 38 223s
1,300 69*4 Jan.
71*2 71%) 7138 72
72
73
71*4 73
72*2 73
713s 71%
Jan.
122*2 122% 123*2 122*8 123*8 122*2 122% 5,494 120 Jan.
1.22*2 122% 122 12278 122
95
96
530 95
*95*2 97
96
96
95*4 96
97
96*9 96*9 *96
7238 74*8 72% 73*4 73*8 74*2 112,528 72% Feb.
74%
73
74%
73*4
73% 74%
2 6 78 28*4 35,785 26 Jan.
28%
28*4 293s 28*4 29*8 27 % 28 7s 27
28*9 29*4
116*4 118% 117 117*2 15,647 104 Jan.
117
116*4 118
118*2 117*2 118
115*2 116
*lti %
*19
605 19 Feb.
19
19
*1878 . . . .
19
19%
19*4 19*4
106% 107%
1,440 104 Jan.
107*9 IO 734 IO 734 107»4 107*4 107*4 103 108*4 106% 107
*93 ..
*93
200 92% Jan.
*94
*92*2 93
9334 94
*93*2 . . . .
133 Jan.
'129*2 ..
*130
'130*2
*134 ___ *130
133*2 . . . .
*9
9*2
" 5OO 9 ’ Jan.
*8*2 9*4
*9
9*2
*9
9*2
9
9
9
9
*20
23
200 20*4 Jan.
*20 23 *20 23 *20 22
22
20*4 20*2 *20
17% 1734
1,830 17*2 Feb.
17*2 17%
19
19
18*8 18*4 17*2 1778 *17*2 18
30
31*8'
8,v50 29 Jan.
30
30*2
30
30*9
30*2 30%
30*2 31*4
30% 31*4
6178 62% 61% 62*2 1 7 ,5 " “ 59 Jan.
62% 63%
6 2 7 633s 62% 63*4
s
37
37*2
37
1,280 34*2 Jan.
38
*37
39
38
g8
38
38*2
*86 88 *86*2 88
1,250 86 Feb.
86*4 86*4 86 86*2
*86*4 89
114% 114% 114*2 114%
6,048 112% Jan.
115 1153s 11538 11578 114*2 114%
19*4 19%
1.865 19 Jan,
19*2 19%
20 20
20
20
20
20
70
360 75 Feb.
75*2 75*2
77
77
*75*2 77
*78
79%
40*2 40*2
41%
1 ,52r 39% Jan.
4l
42
42
42
42
41*4 41*4
*41
41%
29% 30*2 45.256 20% Jan.
30
30%
30
30*8 3 0 s
30%
3 0 78 31 % 30*4 31
4,090 70% Jan.
71*4 71*2 71*4 71%
713s 72
71*2 72
72*4 725s 7 1 78 72%
463a 47%
46*8 4738 47,041 42% Jan.
48% 49*2 47*2 49
49% 50*4 4 8 78 50
254 224 Jan.
226 227 '226 228
226 226
*225 228 *225 228
18*2 18 78 1838 19*2
8.969 18% Feb.
18% 19
18% 19*6
1938 "l^Sg 1878 19*4
11
1138
2,007 10*2 Jan.
1 1 % 1 1 % 11*2 11% 11*4 11*4 49
*11*4 1 1 3
4 11*9 11%
49*2
49
2,955 41% Jan.
49
49
49
49*2 49*2 50*9 49*2 49*2 49
*14
16 Jan.
15
*14
15
*14
*14*2 15
15
*14
15
*14
15
*49*2 50%
*49
’ ’ 369 49 Feb.
50
50
49*2 50
50
50
49
49*8 *49
2338 23%
23 Jan.
3.314
23*2 23%
23% 23%
23% 23%
2378 24
66% 67*4 66 % 67% 36,309 65*2 Jan.
68% 67%
67*8 67%
67*4 67%
*22 23
100 22 Jan.
22*9 22%
2Ó"
*20 21*2
700 19 Jan.
22*2
22*9 *21
‘ .•¿i*2 ’ 21*9 *21
85 Jan.
91
*89
91
*89
91
*89*2 90*2 *89*2 91
2938
700 2838 Jaif.
29*2 29%
29*2 29% *29*2 30*s
30*2 30*2 30*4 30*4
19%
770 19% Jan.
20 20
21
20 3
4
20*4 20*4 -20
21*4 21*4 2 0
43 152,425 38 Jan.
41
42
41*8 4 1 78 40% 41*2 40% 41%
41*8 41*2
27%
522 26% Jan.
*25
27%
27
27
*25*2 28
27
27
*27
28
66
164 64% Jan.
66
65*2
66*8 66*t
64% 64% *65
67*2
*65
66
400 39*2 Jan.
40
40
40
40
*40
40H
14% 1 4 78 14*4 14% 19,975 13% Jan.
1478 15*8 * 1 4 78 " i s "
1434 15
14% 15*4
71
5,710 60 Jan.
69*2 70*2 70
72
71*2 72
72%
71% 72
71
72
lOO; 38 Jan.
37*2 37*2 *......... 37*2
*37*9 38*2 *37*2 38*2 *37*2 38*2 *37*2 38*í
*68 69%
87¡ 70 Jan.
*69*2 70
70
70
70
*6934 70*2 70
*69% 70*2
1
111*4 11134 111*2 11134 1,740 H O Jan.
:110%110% 11134 1 1 1 % 1 1 1 % 1 1 1 % 111 112
4201 9*2 Jan.
9*2
9*2
9%
9*2
*9*2 10
9*2
9*2
*9% 10*9
*9% 10*9
2,920 18*4 Jan.
18*2 18%
18% 18%
18*2 187s 18% 19
1878 19%
19*4 19*2
4534 45 45*2 2,374' 44% Jan.
45
45% 46%
46*4 45% 46%
*45*2 46*2 46
1
2 1 0 1 0 3 Jan.
10634 106% 108*2 106*2 4 0 5 106% 107 107 *100 103
105 107
. . . . ¡112*2 Jan.
113*2 114*9 '113*2 114*2 *113*2 114*2 413*2 114* *113*2 114*2 *113 114
3,210 38*2 Feb.
39*a 40
39
40
39
39*4 38*2 39
39% 40
39*2 39%
12 % ■ ■ “ 'to 12 Jan.
1,750
12*4 12 % *12
13
13
12
12*2 12*4 12*4 12% 12*
26% 26%
5,430 23% .Tan.
26
27
26
26*2 27%
2678 2 6 78 25% 26*2 26
80 46 Jan.
48*2 48*3
“ 46
*46 .......
46
46
*46 . . . .
*46 . . . .
83
88
*82
88
*83
88 *83 88 *83 88 *83 88 *83 46*2 57,570 45% Jan.
Jan.
45%
45% 46*2
47*9 4 7 78 46*2 4 7 78 45% 47
2,500 19% Feb.
u 20% 2038 19% 20 %
20*2 207
8
21
21*4
22*8 22*8
1,030 12% Jan.
13*8 13%
*13
14
13*2 13*2
1338 13*9
*13*9 14
11,960 28*2 Jan.
29*2 2 9 78 29*2 30
29*2 30*8
30
31
30% 31
8,910 36 Jan.
36% 37*4 36% 37*4
37
373a 36% 373s 36% 37*4
3 78*2 78% X77% 7 7 78 5,385 76% Jan.
78% 79
78% 7 8 78 783a 79
100 18 Jan.
1 *18% 19*4 “ 18 19*4
20
19*4 19*4
*18 7 19*2 *19
8
39*2 4 0 7s
4 0 78 41%
5
5
*4%
5
90
90
*90*4 91
60*2 61
60% 61
L15*4 115*4 116 116*4
*34
34*2 *32*4 33
25% 26*8
26
26
62
6 1 78 6 1 78 62
43*4 43*2 4 2 78 43*9
T 40 143
.09 lOO»« 108*5 109%
67
67
68
*67
101*2 *....... 101%
79
80*8
80%
80
124 124% 124*5 125
L1778 11838 117*2 118*2
*143 145
144 145
92
9178 92*4 91
48*4 49
48% 49%
*113 114*2
L13 115
71% 72*8 7 1 78 72*4
35*2 36
66% 66%
80% 8134
935s 93%
76% 77*2
37% 38
105 111%
52
53*9
96*2 97 %
97 7s 98*9
113*4 113*9
36*9 36*9
83
83
16
163s
*26*2 28*9
38*2 3 8 7i
62
62
188*4 189
91*4 91*9
42*4 42 7s
*96 101
«d io «5
34*2 35%
65*2 66
79% 8078
93*4 93%
77*4 77%
36*8 38
114 115*2
50*4 53*8
97% 99
98
983s
113% 114
36% 37*4
82% 83
I t *4 16%
*26
28
38
39
63*4 63*2
188*2 190
903s 91*8
42*2 43
*96 101
Rd7o «SU,
39*2 40*4
4%
4 78
90
90
60*2 60*2
115*2 116
*31
31*4
25*2 2558
61*2 61%
43
43*4
140 142
108*8 103%
;....... . 68
'.........101*2
78% 79%,
124*9 124%
117*2 11778
34% 34%
65
65
79*2 81*2
93
93
77
77%
36% 37
113*2 114*4
50% 52%
97*2 98*4
98%
98
11378 114%
371* 38%
83% 84*4
16
16*2
28
*26
38*4
38
59% 62*4
189*2 189*s
90% 90%
42*4 43
39*2 40*4
*4*2
5
90
90*4
60*2 61*8
115 116
*31*2 32*9
2 5 38 25%
61*2 61*2
43
43
140 142
IO 734 109*2
*67
68
*99 101*2
78% 79%
124% 125*9
1173s 118*4
143 143*2
9 0 78 9
4 8 3 4 9 78
4
114*2 115
71*2 72*4
97
97
31
3238
125% 125%
144 144%
**17
17%
48 7s 493s
7*4
7*2
*44
55
15*2 15*2
34% 35
65*4 65*2
82
81
93*4 93*4
75*4 77%
36
36%
112 % 114
48% 52*8
96% 97*8
95*4 98%
112*2 114%
3678 37%
83
83*2
16
16*4
*26*9 29
37% 38
5 9 7s 6138
190 190
903s 91
42
43
*96 101
««%• «Old
39
39 7
s
*4%
5
88% 89
60
60*4
11478 117*2
*31*2 32
25
25*2
61
61*2
4 2 78 43*8
139
.39
106% 108*8
33% 34%j
65
65*4
80*2 81 I
92*2 92%
74
75%
35% 36*2
112*2 113%
4 5 78 50
97 103
94% 96*2
111 % 112*2
35*2 3 6 7s
82*2 83
1 5 78 16%
*26
28
36% 37%
60*8 60%
189 189*2
91
91*4
41
42*2
*96 101
«SSc « 6%
,nd asked ; no sale made, § Price« from both Exohangea
33*2
64*2
80%
*92*2
74%
35*«
113*4
46*4
101*2
95*4
6,336
34%
2,574
65*8
10,820
81 I
93 ! 1,236
7 5 78 60,785
6,110
36%
11378 21,750
50% 263,701
¿4,854
104
29,314
96
111 % 112 %
,9,594
6,737
36*4 36*4
3,971
82% 82%
16*3 17*4 10,004
"26
28
37*4 37*4! 5,990
59% 60 363,000
189 189 I 2,288
91*4 91*4 584.000
41% 42*21 9,810
*96 101
« 6*a 87*4 133.103
x Ex dividend.
32*2 Jan.
63*2 Jan.
78*2 Jan.
90 Jan.
71% Jan.
35*2 Feb.
102 Jan.
45% Feb.
88*4 Jan. 15 1
93% Jan.
1
100 J in .
31 Jan.
81 * Jan.
2
15*8 Jan.
28 *s Jan.
35*2 Jan.
59% Jan.
184 Jan.
90% Feb.
40*2 Jan.
97 Jan.
82 Jan.
4
2
12
4
&
4
14
16
36
8
28
2
2
7
29
28
28
rj
29
3
7
5
3
5.
5
2
29
7
11
9
4
28
5
4
6
13-
22
2
6
2
7
28
3
29
1
28
7
7
13
18
4
2
14
2
&
4
4
2
2
8
5
2
9
1
4
4
2
2
5
27
28
4
4
5^
5
8
7
12:
25
5
4
4
2
2
T
1
4
6
4
3
28
12
4
4
4
4
5
4
4
4
4
7
28
7
11
2
7
5
7
3
4
4
4
4
4
12
1
4
7
11
3
23 H
THE
C H R O N IC L E .
(Y o u LIY.
s
NEW YORK STOCK EXCHANGE PRICES (Continued)—IN A C T lV E STOCKS.
I n a c t iv e st o c k s
H Indicates unlisted.
Ask.
Bid.
Lowest.
A lbany & Susquehanna...........
100
35
155
89
TOO
B rooklyn Elevated*- ..............I. .ÌÒÒ
too î
P re fe rre d ..........................
100 X
Burl. Cedar Rapids & N o r ___ 100
C alifornia PaciflclT.......
TOO
165
92
30
38%
78%
40
15
100
Cleveland & P ittsbu rg............ 50 150
Columbia & Greenville p f
lOO
Des Moines & F ort D o d g e ___ .100 Í 7
P referred ....................
.100 15
Duluth S. hore & Atlan.1T.. . 100
6^4
13
PreferredlT.....................
f l i n t & Pere M arauette______ .100 23
P referred.......................
80
Georgia P aciflclf.......................
6%
Green Bay Win. & St. P a u l... .100 t 10
H ouston & Texas Central....... .100
3%
Illinois Central leased lin e s ... .100 90
Kanawha & M ichigan.............. 100 13
Keokuk & Des M oines............ 100
4
P referred................................. 100
Louisv. Evans. & St. L o., oons 100
P re fe rre d .......................
100
Louisv. St. Louis & T e x a s....... in o T 16%
M ahoning C oal.....................
50
P referred................................. 50
Memphis & Charleston............ ?5
M exican N ational..................... 100
Morris & E ssex.......................... 50
N. Y . Lack. & W estern............ .100 110
W. Y . & N orthern p re f.............. .100 18%
P eoria & Eastern...................... .1 0 0 Î 15
Pitts. Ft. W ayne & C h ica g o... .io n 153
P ittsbu rg & W estern................ 50
* No price F rid ay; latest price this
YORK
SECURITIES.
32
39%
50
152
160
31
3S%
78%
36
Feb.
165
Feb.
Jan.
Jan.
Feb.
Jan.
130
102
32
43%
81%
40
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
7 78 Jan.
150 ’ Jan.
7% Jan.
154 Jan.
7
15
25
84
7%
4
14
6
Feb.
Jan.
Jan.
Feb.
JaD.
Jan.
Jan.
Feb.
Jan.
J an.
Jan.
8% Jan.
20 Jan.
7% Jan.
1678 Jan.
27% Jan.
85% Jan.
7 Jan.
12% Jan.
4 Jan.
96 Jan.
14 Jan.
20% Feb.
20
20% Feb.
77% Feb.
18% Jan.
77% Feb.
7
19%
6%
14%
25
82
7
10
4
92
12
17
115
111
19
154
143%
108%
17%
13
153
Jan.
Jan.
Jan.
Feb.
Jan.
5
146
1J0%
26
15%
154%
Jan.
Feb.
Jam
Jan.
Jan.
.jan.
...
50 260
1O
lY
41
Bast River___" " I I I
Fourth National........
Central National.......
Second National........
Ninth National.........
First National............
Third N ational..........
N. Y. N at’l Exchange
Bow ery..................... J
New York C ounty....
German-American...
Chase National........
Fifth Avenue...........
Berman Exchange...
Germania..................
United ¡states...........
Lincoln......................
Barfield..................... .
Fifth N ation al........
Bank of the Metrop...
West S ide,............
Seaboard................
Sixth National...... I "
Western N ational....
fir s t National,B’klyn
2.050.0
2,000,0
2,000.0
3.000.
1.000.
1,000,0
750.0
300.0
600.0
1,000,0
300.0
400.0
200.0
600,0
300.0
1.200.0
5.000.
5.000.
1.000.
1,000,0
422,7
1,600,0
450.0
200.0
700.0
1,000,0
500.0
600.0
600,0
750.0
500.0
500.0
1,000,0
1,000,0
300.0
1.500.0
3.000.
250.0
3.200.0
2.000.
300.0
750.0
500.0
1,000.0
300.0
250.0
200.0
750.0
600.0
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
300,0
STOCK EXCHANGE
PRICES.—STATE BONDS
SECURITIES.
Ask.
N ew Y ork—6s, lo a n ___ .........1893 102
.......... J&J
30
105%
10
......1 9 0 0
N ew bonds, J. & J ___ 1892-1898
95%
20
Chatham R R ................
15
3
7
4
185
Special ta x , Class 1 ...
7
Consolidated 4 s ......... .......... 1910
97% 99
10
6s ................................... .........1919 123 127
R hode Island—6s, oo u .. 1893-1894 102
90
2% 3
South Carolina-- 6s, non-fund.1888
‘ 93'
7
155
4
105
104
9
1.966.8
1.590.3
979.8
2.029.6
2.197.7
0
452.2
0
2.422.0
126.5
6.723.0
151.5
1.611.7
306.2
420.9
150.3
562.1
70,0
483.5
2.087.5
0
3.423.5
0
1.691.3
0
1,031\4
433.4
960,8
820.5
318.3
584.4
1.740.3
325.3
440.4
250.5
797.7
120.7
258.0
1.210.9
280.8
416.9
5.383.8
2.814.6
0
144.5
1.798.4
543.2
0
406.3
262,2
6.805.7
43,5
154.0
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
258.3
198.8
852.9
194 2
793.3
Loan»
Specie.
9
12.510.0
11.091.0
8.336.7
7.881.0
18.153.5
5.405.0
13.699.2
2.350.0
23.242.4
4,110,9
6.672.8
1.640.9
2.440.0
1.117.0
3.064.6
1.372.2
3.477.2
15.390.0
19.290.6
6.773.9
9.267.6
2.497.6
11.930.6
6.296.8
2.387.5
5,071,4
16.811.5
3.228.0
2.672.7
2.433.0
9
9
2,680,0 1,820,0 13.400.0
767.0 12.360.0
3.184.0
677.1
1.939.2
9.010.7
1.972.0 1.585.0
8.037.0
4.192.0 1,793,3 20.126.7
3H7.0 6.333.0
1.832.0
2.937.6 1.804.0 15.447.3
278.5 2.463.1
346.1
7.054.3 2.537.0 26.220.4
766.5
668.9
6.061.2
1.438.4
626,8 5.557.9
287.9
313,6
1.837.8
315.0
320.0
2.470.0
190.0
128.9 1.118.8
311.3 3.034.9
857,5
301.0
61,1
1.466.9
242.4
445.1
2.901.6
5.752.0 2.097.0 16.544.0
3.507.4 4.312.0 lh,426,0
1.154.0
262.1
5.055.2
937.3 10.469.3
2.072.6
466.4
992.4
3.563.3
1.876.1 2,512,8 14.361.6
987.5
1.169.9
7.111.6
364.9
211.4
3.152.3
510.5 5.416.6
830.0
5.846.0
7-42,4 19.871.3
558.2
255.2
3.268.0
1.306.6
198.7
3.907.1
850.2
426.5
3.828.4
812.5
497.1 4.232.4
251.0 2.004.5
3U0.3
832.0
362.0 3.983.0
302.0 8,637,3
1.818.9
1.436.0
257.0
6.676.0
151.9
584.3 2.212.0
7.827.0 2.091.0 29.560.0
7.344.5 3 257,1 31.393.8
130.8
193.0
1.089.6
5.644.2 1.499.2 27.601.9
3 347,0
845.0 11.170.0
1.510.0
212.0
6, 020,0
816.0
323.7 3.937.2
7.395.4 1,4 ¡5,0 28.500.6
475.4
693.8 4,270,1
154.8
354.2
1.603.9
640.6
180,0
2.928.0
790.0
97,5
3.363.0
483.7
173.6 2.697.1
3.700.4 2,023,7 16.153.1
988.9
321,1 6,3c 1,6
221.3
829.9
3.562.0
403.0
488.7 8,209,5
1.895.3
132.9
7.201.1
1,018,8
272.3
4.370.7
859.7
725.4! 4.483.9
313.5
244.4
1.963.0
1.017.0
318.4
5.883.2
361.0
218,0
2.372.0
885.0
364.0 4.442.0
192.0
261.0
1.403.0
1.827.1 1.816.3 12,199,0
857.0
341,0
4.327.0
3.921.0
1.795.3
3,07? ,0
8.840.4
5.605.6
2.090.0
26.599.0
24.908.6
l,18t>,2
25,186,4
8.331.0
4.855.0
3.016.9
26.966.0
4.184.9
1.526.1
2.656.0
2.975.5
2.866.3
12.295.3
4.980.1
2,84 6,6
2.666.4
6.061.8
3.776.9
3,344,3
1.840.1
4.855.6
2,260,0
3.840.0
1.540.0
10,810,2
4.118.0
Legal». Deposit».
$
^ to a l.................... 159,872,7 66,007,9 453,682,7 1181926 60,206,8 509,514,0
Lowest.
Highest.
300
5
22
52
145
.Tan.
Jan.
Feb.
Jan.
Jan.
Jan.
37
4
22%
15
54
145
Jan.
Jan.
Jam
Jan
Jan.
Jan.
Bid.
37
4
21 %
15
48
140
A sk
week
103
Capital. Surplus.
2 ,000,0
Range (sales) in 18S2.
Ask.
Quicksilver M ining................... .100
P referred................................. .100 20
Texas Pacific Land T ru st....... .100
U. S. E xpress............................. .100 49
Wells, Fargo E xpress............... .100 Î140
Bid.
FEBRU ARY 5 .
Ask.
SECURITIES.
S.C. (cont.)—B row n consol.6s.1893
Tennessee—6s, old .........1892-1898
Com i rom ise, 3 -4 -5 -6 s ..........1912
New settlem ent, 6s ...............1913
5 s ...............................................1913
3 s ............................................... 1913
Virginia—6s, o ld .................................
6s, consolidated b on d s.................
6s, consolidated, 2d series, roots.
6s, deferred, t’ st rec’ ts, stam ped
96
62
72
106
100
70
69
8%
91«
New York City, Boston and Philadelphia B anks:
B anks.
9
Bid.
100 |170
164 Jan. 170 Jan,
lOO]
34
St. Louis A lton & T. H ............ 100 31
32% Jan!
3378 Jan.
100 128
78% Fch.
100
South Carolina.......... Î . ........... 100 t 3%
3%
Toledo Peoria & W estern^___ .100 19% 21
20 Jan.
17^ Jan.
T oledo St. Louis & K . C ity fl..
1 14
8% Jan. 15% Feb.
V irginia M idland.............." ..... 100
it lls c e ilt t n e o u s S t o c k s
Adams E x press.......................... .100 Í145 147 145 Feb. 150 Jan.
A m erican Bank N ote Coif.
Am erican E xpress......... ......... 100 Î116 117% 116 Feb. 117% Jan.
82% .Tan.
100 + 82
99 Jan.
98
96 Jan.
A m erican T obacco Co., p re f . .100
14% Feb.
B runsw ick Com nanv............... 100 12 % 14
10 Jan.
79% Jan.
83 Feb.
P referred .."............
100
Citizens’ Gas of B rook lyn ....... .100 +100% 101
94% Jan. 102 Jan.
18% Jan.
Columbus & H ocking C oal___ .100 16
17
15 Jan.
Comm ercial C able................... 100 150 152 148 Jan. 151% Jan.
26 Feb.
25
Consol. Coal o f M aryland....... .100
30
26 Feb.
Laclede G as................................ .100 1 20
2o% 20 Feb. 2478 Jan.
Do
riref________
io n
64 Jan.
62 Jan.
15
20
25% Jan.
100 23% 25
82 Jan.
100 t 82
70 jfm t
21 Jan.
i oo J 20
100 Í 30 30% 27 Jan. 31% Feb.
lOO
11 13 10% Jan ii3 8 Jan.
New Central C oal.. . . ................ .100
100 44 45% 44% Jan.
New York City Bank Statement for the week ending Jan.
80,1892, is as follows. W e om it two ciphers (00) in all cases.
Bank of New Y ork ...
Manhattan Co...... ......
Merchants’ .................
Mechanics’................
America......................
Phenix........................
City.............................
Tradesmen’s ..............
Chemical.....................
Merchants’ Exchange
Gallatin National. .
Butchers’ & Drovers'
Mechanics’ & Traders
Greenwich..................
Leatnei Manufacture.
Seventh N ational.....
State of New York....
American Exchange..
Commerce..................
Broadway....... ...........
M ercantile................
Pacific........... .............
Republic.....................
Chatham.....................
Peoples’ ......................
North America...........
Hanover.....................
Irving.........................
Citizens’ . . . . ................
N assau.......................
Market & Fulton.......
St. Nicholas................
Shoe & Leather..........
Cbm E xch an ge........
Continental.. . ............
Oriental....................
Importers’ & Traders’
Feb 5.
I n a c t iv e St o c k s
ITIndicates unlisted.
Highest.
Bid.
Alabama—Class A , 4 to 5 ........1906
Class B, 5s.......................
1906
Class C, 4 s ............................... 1906
Currency fu nding 4 s............ 1920
Arkansas—6s,fund.H ol. 1899-1900
do. N on-H olford
7s. Arkansas Central R R ............
Louisiana—7s, oons.................. 1914
Stamped 4 s . . . .................................
Missouri—Fund..............1894-1895
H
A-UlKH
.
too* omitted.)
(% Indicates actual sales.)
Rensselaer & Saratoga............
K » ilr o a « i S to ck s,
NEW
Range (sales) in 1891.
Feb. 5.
N. Y o rk .*
Jau. 2 ...
4 13....
4 9 ...
“ 2 3 ....
3 0 ....
Rosi on.
Jan. 16 ....
“
2 3 ....
5 3 0 ....
1
Phil a.*
Jau. 16 ....
| 23 ...
|
3 0 ....
*
Capital d
c
Surplus. Loans.
$
$
125,380,6 438,616,4
125,380,6 444,298,9
125.380,6 445,833,2
125,380,6 447,202,6
125,380,6 453,582,7
Specie.
9
95,972,2
99,050,1
1045693
1104024
1131926
$
37,814,4
39,256.6
41,604.8
46,968,6
50,206,8
$
466,218.2
477,382,3
486,392,3
197,472,4
509,514.0
9
5,537.4
5.563,0
5,590,7
5,566,7
5,488,3
9
669.345,4
941,981,2
859.462,0
790.342,2
763,804,4
64,642.9 157,887,5 9,342.5 6.753,3 143,212,0 4,167.0 105,034,0
64,642.9 159,082,8 9.207.3 6.696,0 142,197,1 4,191,4 93.969,2
64,642,9 159,648,3 9,223,9 6,711,0 144,014,1 4,264,6 86,963,2
35,793,7
35,793,7
35,793,7
96,166,0
06,452,0
05,795,0
34,605,0
35.018,0
35,7 28,0
W e o m it tw o ciphers in all these figures.
d e lD h ia .
+cW'n Clearing»
Legal». Deposit».i (M
the i t e m
“ due
to
oth er
banks.”
104,866,0 3,343,0
104.284. i> 3,336,0
32,575.0 3,333,0
71,079.6
70.308,8
65,391,0
t In clu d in g , f o r B o s to n a n d
P h il a
City Railroad Securities—Brokers’ Quotations.
Atlantic A v ., B ’k ly n .S t’k.
Gen. M., 6s, 1 90 9 ...A & O
Bl’cker St. & Ful. b\ —
Stk.
ls t m o r t ., 7s., 1900-.J& J
Br’dw ay & 7th A v.—St’ k ..
1st m ort., 5s, 1904 .J& D
2d m ort., 5s, 1 9 1 4 ... J& J
8 ’w ay 1st, 5s, gu...... ’ 24
2nd 5s, int. as rent., ’05.
Brooklyn C ity—S to ck .......
B ’ k ly n cro s st’n 5s., 1908
Bkn.C’y & N ’ n5s,1938 J& J
Oentral Crosstown—St’ k ..
ls t m o r t ., 6s,1922.M & N
Oent. P k.N .& E .R iv .—Stk.
Consols. 7s, 1902 ...J & D
d ry D k.E .B .& B at’y —Stk.
ls t m o r t ., 7s, 1893.. J& D
108
100
25
112
195
103
103
103
92
177
108
100
135
115
119
115
110
100
112
102
28
115
200
95
180
110
102
140
117
122
117
116
103
Dry Dock E, B ’y & B.—
S crip ................................!100 ICI
Eighth A v.—Stock............ ¡2 0
EighthAv.—Scrip, 6s, 1914 105 109*
42d & Gr’nd St. F’ry—Stk. 245
1st mort., 7s, 1893.A&O,102 105
42dSt. Manh.& St.N.Ave. 38
41
1st mort., 6s, 1910.. H&S110 112
2d M,, incom e,6s....J& Jj 49
51
Houst.W.St.& P.F’y —Stk. 200
1st mort., 7s, 1804..J&J ¡100 107
Niuih A v e . . . . ........... . . . . 100 105
97
Se «>nd Ave.—Stock..........I 95
1st mort., 5s, 1909. M&N 100 103
Sixth Ave.—Stock ............. 185
Third Ave.—S to c k .............220 230
1st M., 5s, 1937. .. J&Jj 108 111
Twenty-third St.—Stock.. 240
lstm ort. 7s, 1893.
'102 1104
Bank Stock List—Latest prices of bank stocks this week,
BANKS.
Bid. Ask.
BANKS.
Bid. Ask.
310 325
Garfield........ 400
German Am. 123 Ï28
330
Germauia.... 330
Butchs’ &Dr. 180
Greenwich.. 145 ...........
Central........ 128
345
420
145
420 430
Chemical___ 4400 4800 Im. & Trad’ s’ 545
4»0
Irvm g........... le5 195
Leather M is’ 240 250
Citizens’ ....... 155
400
250
Manhattan... 180
184
Commerce...
Market& Ful 220 225
130
Continental. . . .
Mechanics’ .. ........... 100
Corn Exch... 248 250
M’chs’& Trs’. 180 220
Deposit...... 115 117
(Mercantile... 220 _______
East R iver.. 150
Merchants’ .. 153
llth Ward... 200
Merch’ts E x. 123 127
Fifth A ve_ 2000
_
Metropolitan 10% 14
Fifth............. 310
2600
376
Mt. M orris..
First N., S. I 108 115
206
Am. E x oh ... 150
Bowery....... 305
208
155
315
273
190
135
310
Fourth.......... 18Ó
Nassau........ 165
BANKS.
New Y ork ...
N.Y. Ooanty.
N.Y.Nat.Ex.
Ninth...........
Bid. Ask.
133 140
605
130
103 110
160
N. America.. 160
225
P acific......... 190
P a r k ............ 300 325
__ ...
People’s........ __
122 130
Phenix ..
Produce E x. 118 125
R ep u blic___ 173 178
Seaboard _ 172
_
Second........ 325 __ ...
120
Shoe&Leath. 150 160
St. Nicholas. 115
State of N.Y. 108 115
T h ird ........... 100 106
100
•—
Uni d States 200
123%
900
THE
F e b r u a r y 6, l b i 2 . ]
237
C H R O N IC L E ,
BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
Sales
o f the
W eek,
jg p “ S h a r e P r i c e s — n o t P e r C e n t n m P r i c e s .
Active Stocks.
Saturday,
Jan. 30.
1 Indicates unlisted
1
M onday,
Feb. 1.
Tuesday,
Feb. 2.
W ednesday,
Feb. 3.
Thursday,
Feb. 4.
F riday,
Feb. 5.
L ow est.
39%
38
39*2
39*2 40*8 39*4 40*4 39*2 40*8 39
40*8 41*2
Atch. T, & 8. Fe ( Boston). 100
4%
4%
4%
4*8
4%
5
4%
4%
Atlantic & P ac.
“
100
94% 94%
94% 95
94*a 94%
94
94*2
94*2 94%
94% 94%
Baltimore & Ohio (B alt ) . 100
*130
*130
*130
1st preferred
“
100
*116 120
*117
*116
*116
2d preferred
“
100
201 201*4
201
200% 201*4 201 201
Boston & A lbany (B oston ). 100 200% 201% 200% 201*4 *174. 201
176
1 75 175
175*«
175 175*4
*174- 175 *174.
B oston & L ow ell
“
100
161*2 162
161*2 161*8 161*2 161*2 161*2 161*2 162 162
B oston & Maine
“
100 160 161
17
17
*16
*16
17
*15*2 17
*16*2 17*2 *16
Central o f Mass.
“
100 *16*2 17*2
34
34
34
34
*33
34
33
35
33*2 33*2 *33
P referred
“
100 *34
106*2 107*2
Ohio. Bur.& Quin.
“
100 109*8 109*2 1085a 109*2 108*4 108*8 107*8 1093s 107 108
79*2 78% 795s 7838 79*4 78*4 79*8
80*8 80*2 793s 80*8 79
Ohio. Mil. & St. P. (P h il.). 100
52*8 53
53
53*2 52*2 52*2
53*2 53
Chic. & W. Mich. (Boston) . 100
7
*6
*6
*6
*6
*6
*6
Cleve. & Canton
“
100
*20
*20
*20
*20
P referred ___
“
100 *20*2 22*2 *20*2
84*s 85
82
82*2 * 82% 83
83
82*2 82
83*4 82% 84*2
F itchburg pref.
“
100 *
27*2
27*2 *
27*2
FI. & P ere Marq.
“
100
*80
*80
83
85
85
80
80
83
*79
81
P referred
“
100
2 7 5g 27%
26*8 27*8
27*8 27%
27*2
2 , *2 275s 27*2 27%
Hunt. & Br. Top. (Phila ) . 50
47% 48
47*2 47*8 47% 47%
47*2 47% *......... 47*2
47*8 47*4
P referred
“
50
51
50*2 5058 50*2 505s 505s 51
50*2 50*8 50*2 50*2
52*2
Lehigh Valley
**
50
*
114
115 115
M aine Central (B oston). 100
195g 19%
19*4 19*2 18*8 19*4 19*8 19*4 19*8 193a
19*4 19*4
M exican Central
“
100
49
50
48*8 50
49*2 47*2 49*8 4638 47*2 46*8 4738
50*e
H. Y. & N. Eng.
i
100
105 105*2 104 104*2 102 105
P referred___
“
100 105 105*2 105 106*2 105*2 106
r
69
69
*68*2 69
*68 70
68*2
68*2 68*2 A
Northern Central (B a lt.). 50
24
24
23% 23%
23*8 23*8 235g 23*8 *2358 23%
23% 235g
Northern P acific (Phila.) .100
66*8 67%
6658 67%
66% 67
67*4 6758 67*8 67%
66*8 67*2
Preferred
“
100
167 167 *166*2
166*4 167
Old C olon y .. . . (B oston). 100 168*2 168% xl6 6 % 1 6 6 % 167 167
555s 55%
55*% 5558 5558 55%
553g 55*2 55*8 553g
55*2 55%
P enn sylvania.. (P h ila .). 50
34
35
34
36
355g
36
35
35*2 35*4 36
35*8 36
Philadel. & E fle.
“
50
2038201*!,
205820*»!*
20% 21*ift 20% 21*i,
Phila. & R eading
“
50 209i620H if
20*2 20%
*5
Summit B ranch (B oston). 50
4738 47%
46% 47%
46
46*2 47
47*4 455s 46*4 45% 46*4
Union Pacific
“
100
225 225 *
225
225 225
225*4 *225
225 225*4
United Cos. o f N. J. (Phila.) 100
83s
838
83s
*8*8
8*8
8*4
8*4
WeaternN. Y. &Pa(Phila.) .IOC
8*8
8*4
8*8
8*8
8*6
m is c e lla n e o u s S to c k s .
Am.Sug’rRefln.flYJSosfon.)___
P referred.........
**
© e ll T eleph on e..
'•
10(
Bost. & Montana
“
21
Butte & B o sto n ..
“
2i
Calumet & H ecla
“
2i
81
81*2
93*2 93*2
209 209
33*8 33*2
14*2 145s
266 267
*62
63
47% 48
Consolidated Gas
46
46
Brie Telephone (1
16*2 17
L am son Store Ser.
Lehi’ h Coal&Nav ' ?hU.j
48*8 49*8
52
52
*16*4 16*2
52
52%
273s 2758
Preferred........... “
21
17
W e stE n d L a n d ..
“
___
17
* Bid and ashed p n ce s no sale was
Inactive Stocks.
Bid.
80
81
9338
93
209 210
33*4 33*2
14% 14%
266 266
*62
63
47% 48
46*2 46*2
•
k
17
48*8 49
*
51
*i6*4 16*2
54
58*4
27% 28*4
*16*8 17*8
made.
Ask.
80
93
209%
32
14*4
*265
*62*s
48*4
*46
16
485s
50%
16*8
56%
28
*16%
81%
81
81*2
93
93
93
209% 209 209*2
33*2 31*2 32*8
14
14*2
14*6
265*2 266
*62
43*8 48% 49
46*s 46*2
16
16
16%
49
48*2 48%
51
51
51
163s 16
16*4
5858 57
58
28
28*4 28*4
*16*8 17*4
17
Inactive stocks.
80*2 81
92% 92*2
209 209*2
315g 32*2
14
14
263 263
*62
48% 49%
46%
k 46*2 17
485s 49
*50
51
15*8 16*8
57*2 59*4
28*4 28*4
*16*8 17
Bid.
Thom.Europ.E.WeldlT (Boston) 100
W ater P ow er..............
“
100
3*2
13
W esting. El. tr. ree.1I
“
50
13*4
B o n d s —B o s t o n . ^
At.Top.& S.F.100-yr.4g.,1989, J&J § 82*2 83
30
100-year incom e 5 g., 1989.Sept. § 60*2 60%
9
Burl. & Mo. R iver E xem pt 6s, J&J
60
116%
N on-exem pt 6s............ 1918, J&J § Ï Î 6
57
Plain 4 s .......................... 1910, J&J
52
Chic. Burl. & Nor. 1st 5,1926, A&O 5103*2 103%
10
2d m ort. 6 s..................1918, J&D
»
Debenture 6 s ..............1896, J&D §102 102*2
93
Chic. Burl.& Quincy 4 s ..1922,F&A § 91
160
Iow a D ivision 4 s....... 1919, A&O § 92
t78
80
45 ____ Chic.&W .Mich. gen. 5s, 1921, J&D § 97*4 97*2
Consol, o f V erm ont, 58.1913, J&J § 94*2
120 125
Current R iver, 1st, 5 s..1927, A&O
22
Det. Lans. & Nor’ n M. 7 s . 1907, J& J \
108*2
69*2
E astern 1st m ort. 6 g., 1906, M&S §Ì22
Eree.Elk. &M. V .,lst, 6S.1933, A&O §123
Unstamped 1st, 6s— 1933, A&O 6120*4
69*a 70
K.C. C.& Spring.,1st,5 g.,1925,A&O § ........ 93
t53
K. C. F. S. & M. con. 6s, 1928, M&N §107*4 108
K.C. Mem. & B ir.,1st,5s,1927, M&S
84
85
C. St. Jo. &C. B., 7 s ..1907, J&J123
28% 29*s K .
95*2
L. R ock & Ft. 8., 1st, 7 s .. 1905, J &J
Louis.,Ev.&St.L.,1st,6g. 1926, A&O ¡10712
46*2
2m., 2—6 g ................ 1936, A&O
Mar. H. & Ont., 6s....... 1925, A&O 100
E xten. 6 s...................1923, J&D ¡101*2
68
70
M exican Central, 4 g . ..1 9 1 1 , J&J
69*2 70
1st consol.incom es, 3 g,non-cum
36
35
2d consol, incom es, 3s, non-cum .
20
73
73*2
N. Y . & N.Eng,, 1st, 7s, 1905, J&J 120*2 121
84%
1st m ort. 6 s ..................1905, J &J
115
58*9
2d m ort. 6 s ..................1902, F&A 105%
16
2d m ort., scaled, 5 s ...1902, F&A
14
20
Ogden. & L. C., C on.6s.l920,A & O §
107
Inc. 6 s ...................................—1920
18*2 19% Rutland, 1st, 6s........... 1902, M&N 110
2d, 5s................. : ........ 1 8 9 8 ,F&A
100*2
B o n d s .—P h ila d e l i h ia
M ISCE LLAN EO U S.
A llegheny V al.,7 3 10s, 1896, J&J 109*4
1
A tlantic City 1st 5s, g., 19 19,M&N
. 25
105*2
A tlantic M ining........
25
Belvidere Del., 1st, 6 s ..1902, J&D 111*4
9
10
City Passenger R R ... (B alt.). 25
Catawissa, M., 7 s .........1900, F&A 115
.
. 50
Char. Cin.& C h ic.lst 5g, 1947, Q—J
28% 29
Boston Land............ .
10
Clearfield & Jeff., 1st, 6S.1927, J&J,
6
118
Centennial M in in g ...
10
Connecting, 6 s .........1900-04, MI&S t l l 6
7*8
8
Fort W ayne E lectric^
25
13% 14
D el. & B ’ d B r’k, 1st, 7S.1905, B&A 129
Franklin M ining.......
25
11
E aston & A m . lstM.,58.1920,lw&N| 109 110
Frenchm ’n’s B ay L ’nd
5
122
3*8
4*2 Elmir. & W ilm ., 1st, 6 s .1910, J& J. ___
H u ron M ining............
25
H unt. & Br’ d T o p ,C o n .5 s .’ 95,A&0| 103
Illinois Steel if............
100
Lehigh Nav. 4*2».......... 1914, Q—J 109
81
82
Kearsarge M ining___
25
10
2d 6s, g o ld ...................1897, J&D 110*2 111
10*4
.Met. Trac. C o....... .
(Phila.)........
General m ort. 4*28, g .l9 2 4 ,Q —F 100
95
96
Morris vanal guar. 4 . (f~
.106
Lehigh V alley, 1st 6 s.. .1898, J &D 114*4
76
Preferred guar. 10
106
2d 7 s ..............................1910, M&S 136
197
i. 25
Consol. 6 ....................... 1923, J&D 126%
23*a 23%
P ew abic M ining.........
25
N orth Penn. 1st, 7s___ 1896, M&N 112
Pullman Palace C ar..
100 188 190
Gen. M. 7 s ..................... 1903, J&J 125*2
Quincy M ining...........
Pennsylvania gen. 6s, r.,1910, V ar 131
25
Tamarack M in in g ....
25 1 153 155
Consol. 6s. c
..........,.1 905. Var
123
Unlisted. $ And accrued internst.
i Last prif*e this week.
Prices o f Feb. 5.
Atlanta & Charlotte
(Ba
.100
.100
. 50
“
Catawissa.......................
50
1st p referred .........
“
50
2d preferred ...........
“
50
ventral Ohio............ . (Balt.) . 50
Chari. Col. & A ugusta
“
100
Connecticut & Pass. (Boston) 100
C onnecticut R iv e r ...
“
100
Delaware & Bound B r. (Phila.) .100
Har.Ports.M t.Joy& L.
“
50
Kan. C’y Ft. S. & Mem. (Boston) .100
P re fe rr e d .....................
“ 100
K. City Mem. & B irm .
“
100
. 50
.100
Maryland Central___
) 50
Mine H ill & 8. Haven
. 50
Nesquehoning V a l.. . .
50
.100
. 50
.100
) 50
Pennsylvania & N. W .
) 50
Raleigh & G a sto n . . . .
,)100
.100
P referred.................
100
Seaboard & Roanoke.
100
, 1st preferred...........,
100
. 50
Preferred,.
50
. 50
West Jersey & A tlan.
“
50
Western M aryland..
(2?<
. 50
Wilm. Col. & A ugusta
“
100
W ilm ingt’n & W eldon
“
100
W isconsin C e n tra l... (Rosi
.100
P referred .................
“
100
Worc’st.Nash.&Roch.
“
100
92
251
25
8
89,150
610
974
Highest.
5
21
6
12
18
8
5
28
4
2
19
19
11
6
20
19
46%
5*s
95
130
116
2013*
175M
165*3
18
38
1,607
38 Feb.
4% Jan.
84 Jan.
130 Jan.
116 Jan.
199 Jan.
173 Jan.
159 Jan.
16 Jan.
33 Jan.
1063s Jan.
77* r Jan.
50*2 Jan.
6 Jan.
21 Jan.
81*2 Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
110% Jan.
833s Jan.
53*2 Feb,
6*8 Jan.
23 Jan.
86M Jan.
4
5
1
12
18
30
4
2
8
9
28
7
3
8
4
4
30
2,745
787
4,434
10
5,046
15,621
699
190
3,333
11,900
79
8,776
5,116
90,689
80 Feb.
25*9 Jan.
46*2 Jan.
50*4 Jan.
115 Jan.
18*8 Feb.
42&8 Jan.
102 Feb.
68 Jan.
233a Feb.
65% Jan.
164*2 Jan.
55 Jan.
32 Jan.
193,* Jan.
4
27
21
13
6
1
2
5
19
5
19
5
19
29
19
86*a Jan.
28 Jan.
49 M Jan.
52*2 Feb.
117 Jan.
243s Jan.
5238 Jan.
114ia Jan.
69 Jan.
26ia Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
16
2
2
5
16
4
8
9
25
5
2
20
2
2
5
12,751 45^8 Feb. 4
58 225 Jan. 8
315
8 Jan. 19
26 Jan.
93a Jan.
515
84
185
362
15,095
12,410
355
4,088
81
81
1,329
92*2 93
209 209 i
285
31
7,428
31*2
13% 14
2.285
253 260
538
*62
65
2,586
49*4 49^8
46
219
46*2
16
16
335
2,182
49
49*4
*50
51
18
2,390
16*2 17
58*2 59% 44,488
3,631
28*4 28*2
515
16*8 17
Ask.
R ange o f sales in 18t 2.
78%
90*2
201
31
13%
253
60*4
43
43*a
15*2
48*2
50%
15*4
49*g
26*4
16%
Jan.
Jan.
Jan.
Feb.
Feb.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Jun.
Jan.
18
18
2
5
5
5
4
5
2
21
19
2
19
19
2»
29
883a Jan.
94*2 Jan.
210 Jan.
40*8 Jan.
17ia Jan.
267 Jan.
62 Jan.
49*8 Feb.
47 Jan.
17 Jan.
49ia Jan.
52 Jan.
18% Jan.
59% Feb.
28 M Feb.
18ia J a n .
Bonds.
7
29
15
4
5
30
21
Bid. Ask.
113
Penna. Consol. 5s, r ........ 1919, Var
......
Collat. Tr. 4*2 g ...........1913, J&D
Pa. & N. Y . C a n a l,7 s ...1906, J&D 122
__ m
Consol. 5s..................... 1939, A&O 111
Perkiom en, 1st s e r .,5 s .l9 1 8 , Q—J 102*a 103**
Pnila.& Erie gen. M. 5g.,1920, A&O 1114
99
Gen. m ort., 4 g ...........1920, A&O
84% 84*8
Phila & Read, new 4 g., 1958, J&J
1st pref. incom e, 5 g, 1958, Feb 1 69% 69*8
2d pref. incom e, 5 g, 1958, Feb. 1
54*8 55
3d pref. incom e, 5 g, 1958. Feb. 1 413s 41*3
2d, 7 s ............................1893, A&O 105
Consol, m ort. 7 s....... ¿1911, J&D 130
C on sol.m ort.6 g .........1911, J&D
Im provem entM . 6 g., 1897, A&O 106*2
Con. M .,5 g.,stam ped,1922, M&N 104*4 104*4
96 100
Phil. Wilm. & Balt., 4 s .1917, A&O
Pitts. C. & St. L „ 7s......1900, F&A 116*2
P o’keepsie Bridge, 6 g. 1936, F& A 64
65
S chuyl.R .E .S ide,lst5 g.1935, J&D 109 110
Steuben.& Ind.,lstm .,5s. 1914, J&J 100
United N. J., 6 g ............ 1894, A&O 103
W arren & Frank.,1st,7s,1896,F&A 108*2
B o n d s .—B a l t i m o r e .__.
,
Atlanta & Chari., 1st 7s, 1907, JfeJ 119 120
Incom e 6 s................... 1900, A&O 100*21102
Baltim ore & Ohio 4 g ., 1935, A&O 101 101*3
P itts. & Conn., 5 g ...l 9 2 5 , F&A
Staten Island, 2d, 5 g .19 26, J&J
Bal.&Ohio S.W. ,1st,4*2g.1990, J &J 102*4 103*3
C apeF .& Y ad.,S er.A .,6g.l9l6, J&D
96
99
97% 98
Series B., 6 g ................ 1916, J&D
97% 98*3
Series C., 6 g ....... ........1916, J&D
Cent. Ohio, 4*2 g ............ 1930, M&S
Chari. Col. &Aug. 1st 7 s .1895, J&J 103
Ga. Car. & Nor. 1st 5 g ..l9 2 9 , J&J 102*4 102*a
North. Cent. 6 s................ 1900, J&J 112
6 s . . . __
. . . . . . . . . . . . 1 9 0 4 , J&J 115*2 116*3
Series A , 5 s...................1926, J&J 108*2 110
4*28............................... 1925, A&O
Oxf.& Clark.,int.gu.,6 g.l937,M & N
Piedm.& Cum., 1st, 5 g.1 9 1 1 , F& A
92*2 97
Pitts. & Connells. I s t 7 s .l8 9 8 , J&J 112*2 113
Virginia Mid., 1st 6s. ..1 9 0 6 , M&S 117
2d Series, 6 s..................1911 M&S 117
3d Series, 6 s .......... ...1 9 1 6 , M&S 109
80
4th Series, 3-4-5s....... 1921, M&S
5th Series, 5 s .............. 1926, M&S 103*2 i*04
W est Va. C. & P. 1st, 6 g-1911, J&J 108 108*3
West’^N .C . Consol. 6 g .1914, J&J
95
W ilm. Col. & A ug., 6 s .. 1910, J&D 115
M ISCE LLAN EO U S.
Balti more—City H a ll6 s.1900, Q—J
Funding 6 s ...................1900, Q—J
W est viaryl’d R R . 6 s .. 1902, J&J
W ater 5 s ..................... 1916, M&N
Funding 5 s .................. 1916, M&N
E xchange 3*28.............1930, J&J
Virginia (State) 3s, n e w .1932, J&J
Chesapeake Gas, 6 s....... 1900, J&D
Consol. Gas, 6 s................ 1910, J&D
5 s ................................. ..1 9 3 9 , J&J
E quitable Gas, 6 s .. . 1913, A&O
116
124
102*8
72*4
1063s
111%
98*2
108
1023s
73*3
107
112
99
THE
238
C H R O N IC L E .
[ Y ol, L l V .
NEW YORK STOCK EXCHANGE PRICES (Continued ).—A C T IV E BONDS FE B . 5 , A N D FO R Y E A R 1 S 02.
I
IOlos’ ng H angt (sales) in 1892.
ÜAILROÀD AND MlSCEL. BONIÄ 2ntóP*í|
I'riCt
IPeriod, i Feb. 5
L ow est.
R ailroad
and
M iscel. B onds,
Highest.
Olos’ ng R ange (sales) i n 1892J
Interest P rice
Period. Feb. 5
L ow est, i Highest,
MobUe A Ohio—New, 6 g ..l9 2 7 J A I ) 112
111% Jan.
112 Feb. ¡116% Feb.
65%
84 Jan.
General m ortgage, 4s. ..1 938 M A S
65 % Feb.
6778 Jan.
Nash. Ch. A St.L.—1st, 7s. 1913 J A J 127 b. 126% Jan. 129 Feb.
66% Jan.
74 Jan.
Con., 5 g ............................ 1928 A A O *103 b. 103% Jan. 106 Feb.
14% Jan.
N.Y. Central—E xtend., 5 s .1893 M A N 102%b. 101% J*n. 10278 Feb.
113 Feb.
1st, coupon, 7 s.................. 1903 J A J 124 b. 123% Jan. 125 Jan.
D eben.,5s, coup., 18 84.. 1904 M A S 109% 108% Jan. 1
107% Feb.
109% Feb.
103 Jan.
N. Y. A Harlem—7s, reg.1900 M A N *121 b. 120% Jan. 120% Jan.
77% Jan.
R . W. A Ogd.—Con., 5s. .1922 A A O 114%
12% Jan. 114% Feb.
117 Feb.
N. Y. Chic. A St. L.—4 g ...l9 3 7 A A O 93%
99 Feb.
95 Jan.
122 Juxt.
N. Y. Elevated—7 s ...............1906 J A J 112% 112 Jan. 113 Jan.
111% Feb.
N .Y . Lack. A W .—1st, 6 s.. 1921 J A J 127 b. 125 Jan. 127 Jan.
110% Feb.
Construction, 5 s.............. 1923 F A A * 107%b. 110 Jan. 110 Ja n .
96 Jan.
N. Y. L. E. AW.—1st, con .,7 g.l920 M A S 137%b. 135% Jan. 137% Jan.
107% Jan.
Long D ock, 7 s ..................1893 J A D 104%b. 104% Jan. 104% Jan.
110% Jan.
Consol., 6 g ..................... 1935 A A O 120 b. 119% Jan. 119% Jan.
118% Feb.
2d consol., 6 g ..................1969 J A D 10634b. 106% Jan. 107 ¡> Jan.
8
106 Jan.
N. Y. Ont. A W.—1st, 6 g .. 1914 M A S I14%b. 115 Jan. 116 Jan.
78 Jan.
Consol. 1st, 5 g ................ 1939 J A D 10138b. 100 Jan. 104 Jan.
79 Jan.
N. Y.Sus.AW .—1st ref., 5 g.1937 J A J 104 b. 103 Jan. 104 Jan.
122% Feb.
Midland o f N. J., 6 g ___ 1910 A A O 117%b. 16% Jan. 11738 Jan.
A J 93 b. 95 Jan.
103% Jan.
Norf. A W.—100-year, 5 g.19 90
95 Jan.
A J 91
114 Jan.
95 Jan.
Md.AWash. D iv .-ls t ,5 g.1941
91 Feb.
A J 116%b. 15 Jan. 116% Feb.
91% Feb.
N orth.Pac.—1st,coup., 6 g . 1921
A O 114 b. 112% Jan. 114 Jan.
91% Feb.
General, 2d, coup., 6 g .,1 9 3 3
A D 108% 107% Jan. 108% Jan.
114 Jan.
General, 3d, coup., 6 g ..l9 3 7
A D 79
122% Jan.
80% Jan.
77% Jan.
Consol, m ort., 5 g . . . ........1989
A O 79%
80% Ja n .
100% Feb.
78% Jan.
Chic. A N .P .—1st, 5 g .,.1 9 4 0
101% Feb.
North. Pac. A Mon.—6 g... 1938 M A S 102
01% Jan. 102% Jan.
53% Feb.
05 Jan. 107 Jan.
North. Pac. Ter. Co.—6 g ..l9 3 3 J A J 105
88% Feb.
Ohio AM iss.—Cons, s .f.,7 s.1898 J A J l l l % b . 11 Jan. 112% Feb.
Consol., 7 s.........................1898 J A J 11134b. 110% Jan. 112% F eb.
128% Feb.
Ohio Southern—1st, 6 g ...l9 2 1 J A D 109
06 Jan. 109 Feb.
113% Jan.
65 Jan.
115 Feb.
62 Jan.
General m ort., 4 g .......... 1921 M A N 64 %
106 % Feb.
Omaha A St. Louis—4 g .. 1937 J A J 56 b.
J A D 10 2%b. 101 % Jan. 103 Jan.
101% Jan.
Oregon Imp. Co.—1st, 6 g.19 10
71% Jan.
Consol., 5 g ....................... 1939 A A O 69%
657g Jan.
105 Feb.
104% Jan.
O re.R .A N av Co.— 1 st, 6 g . 1909 J A J 110 b. 109% Jan. 110% Feb.
96 F eb.
Consol.. 5 g .........................1925 J A D 83 b. 94 Jan.
88 Feb.
114 Feb.
Pa. Co.—4% g., cou p on ___1921 J A J !l0 6 %
1055s Jan. 106% Jan.
140 Jan.
Peo. Dec. A E vansv.—6 g .,1 9 2 0 J A J 108 b.
107
125 Feb.
E vansville D iv., 6 g ___ 1920 M A
105 Jan. 108 Jan.
70% Jan.
2d m ort., 5 g ..................... 1926 M A N J 70
69% Jan.
118 Jan.
85 Feb.
Phila. A Read. Gen., 4 g.1958 J A J 85
83% Jan.
109 Jan.
70
75% Jan.
1st pref. incom e. 5 g ....... 1958 Feb.
107 Jan.
69% Feb.
55%
5978 Jan.
105 Jan.
2d pref. incom e, 5 g ....... 1958 Feb.
53% Feb.
42
42 Feb.
3d pref. incom e, 5 g ....... 1958 Feb.
37 Jan.
100% Jan.
83 Jan.
Pittsburg A Western—4 g.1917 J A J 82 %
80% Jan.
98% Jan.
Rich A D a n v .—Con., 6 g ..l9 1 5 J A J 111 b. 109% Jan. 112 Jan.
123 Jan.
83 Jan.
Consol.,5 g ....................... .1936 A A O 82%b. 82 Jan.
102% Jan.
97% Jan.
Rich.«feW .P.Ter.-Trust,6g.l897 F A A 94%
91 Jan.
96% Jan.
68% Jan.
Con. 1st A col. trust, 5 g.1914 M A S 65%
62% Jan.
105 Jan.
78 % Jan.
Rio G. Western—1st, 4 g ..l9 3 9 J A J 78
76% Jan.
121 Jan.
97 Jan.
St. Jo. < Gr. Island—6 g .,1 9 2 5 M A N 97 a. 95 Jan.
fe
90 Jan.
St. L. A lt. A T. H.—1st, 7 s .1894 J A J 107 b. 108 Jan. 10838 Jan.
130 Jan.
St. L. A lr o n M t.—I s t 7 s ...l8 9 2 F A A 101% 101 Feb. 10438 Jan.
120 Jan.
2d, 7 g ................................. 1897 M A N 109 b. 108 Jan. 109 Jan.
83 Feb.
Cairo Ark. A Texas, 7 g .. 1897 J A D 106 b. 105 Jan. 106 Jan.
34% Feb.
86% Jan.
Gen. R’ y A land g r .,5 g ..l9 3 1 A A O 85%
85% Jan.
103% Jan.
St.L. A San Fr.—6 g., Cl.B . 1906 M A N 112%b. 112 Jan. 113% Jan.
74 Jan.
6 g., Class C..................... 1906 M A N 112 %b. 112 Jan. 113% F eb.
91 Feb.
General m ort., 6 g ...........1931 J A J 106 b. 106% Jan. 110 Jan.
96 Feb.
72% Jau.
St. L. So.West.—1st, 4s, g .. 1989 M A N 71%
70% Jan.
117% Feb.
37% Jan.
2d, 4s, g., in c o m e ....... ...1 9 8 9 J A J 34 b 34 Feb.
80% Feb.
S.P.M.AM.—Dak. E x ., 6 g.19 10 M A N 116%b 116% Jau. 116% Jan.
75 Jan.
A J 120 b 118% Jan. 121 Jan.
1st consol., 6 g ................. 1933
42% Jan.
A J 99
99 Feb.
do
reduced to 4% g ..
97 Jan.
98 Jan.
A D 88%
89 Jan.
Montana Extension, 4 g.1937
87% Jan.
96% Jan.
A J 65
San A. A Aran. P.—1st, 6 g . 1916
99 Jan.
65 Jan.
A J 65
61 Jan.
1st, 6 g ............................... 1926
108 Jan.
94% Jan.
Seattle L.S.AE.—lst.g u . 6.1931 F A A 94
92 Feb.
92 Jan.
108 b, 107% Jan. 108% Jan.
So. Car.—1st, 6 g .,e x c o u p .1920
102 Jan.
22 Jan.
20 a. 19 Feb.
In com e,6s.......................... 1931
97% Jan
So. Pac., Ariz.—6 g ....... 1909-10 J A J * 100%b. 101 Feb. 103% Jan.
118% Feb.
So. Pacific, Cal.—6 g ___ 1905-12 A «fe O 114%b, 112% Jan. 114% F eb.
102% Feb.
1st, consol., gold, 5 g ___ 1938 A «fe O 100 a, 99% Jan. 100% Jan.
123 Jan.
So. Pacific, N. M.—6 g .........1911 J A J 102%b, 101% Jan. 103% Jan.
82 Jan.
92% Jan.
Tenn.C. I. A R y .—T en.D ., 1st, 6g A A O *89 b, 90 Jan.
93 Feb.
92% Jan.
Birm. D iv., 6 g .................. 19T" J A J *91%b, 91 Jan.
84 J&n.
Tex. A Pac.—1st, 5 g ...........2000 J A D
81% F eb, 84 Jan.
81
100 Jan.
33% Jan.
29% Feb.
2d, incom e, 5 g ..................2000 March, 29
84% Jan.
Tol. A. A. A N. M.—6 g ....... 1924 M A N 102% 100% Jan. 103 Jan.
111 Feb.
J A J
T ol.A . A. A Gr. Tr.—6 g ___ 1921
1 2 l Feb.
Tol. A Ohio Cent.—5 g ....... 1935 J A J 103%b. 102% Jan. 105 Feb.
123 Jan.
78% F eb.
Tol. Peo. A W est.—4 g ....... 1917 J A J 78 b. 77 Jan.
114 Feb.
96% Feb.
95
91 Jan.
Tol. St. L. A Kan. C.—6 g ..l9 1 6 J A D
94 Feb.
1123s F eb.
Union Pacific—6 g ................1899 J A J 112%b. 11038 Jan.
114% Feb.
Sinking fund. 8s................ 1893 M A S 108% 107 Jan. 108% Jan.
119 Feb.
74% Jan.
70% Jau.
Collat. trust 4 % ................ 1918 M A N 73
110 Jan.
Gold 6s, col. trust notes. 1894 F A A 97
95% Jan. 100 Jan.
116 Jan.
Kan. P ac.-D en. D iv.-6 g .1 8 9 9 M A N 108 b,
80% Jan.
1st consol., 6 g ................1919 M A N 109 b, 108% Jan. 110 Jan.
101 Jan.
Oregon Short Line—6 g .,1 9 2 2 F A A 105
100 Feb. 108 Jan.
110 Jan.
8278 F eb,
80% Jan.
Or.S.L. AUt’hN.—Con.5 g.1919 A A O 83%
102% Feb.
77% Jan.
76%
U.P.Den. A G ulf con. 5 g.1939 J A D
75% Jan.
96% Jan.
110 Jan. 111 Jan.
Union Elevated—6 g .........1937 M A N 111
116% Jan.
82% Jan.
Virginia Mid.—Gen. m .,5s, 1936 M A N 80 b 78 Jan.
103 Feb.
85 Jan.
do
stam ped guar. M A N 82 b, 80% Jan.
123% Jan.
Wabash—1st, 5 g .................. 1939 M A N 105% 103% Jan. 106 F eb.
107 Jan.
85 Jan.
F A A 8 1 7sb 81% Feb.
2d m ortgage, 5 g .............1939.
125 Jan.
50 Jan.
Debent. M., series B ....... 1939 J A J 41 %b 45 Jan.
108% Jan.
103% Jan.
West Shore—Guar., 4 s ....... 2361 J A J 1033s 101% Jan.
81% J;¡n.
West. N. Y. A Pa.—1st, 5 g.1937 J A J 99 %b 99 Jan. 100 Feb.
54% Jan.
34% Jan.
2d m ort., 3 g .,5 s c ...............1927 A A O 30 b 32 Feb.
108 Jan.
West. Un. Tel.—Col. tr .,5 s .19381J A J 103
100% Jan. 104 F eb.
115 Jan.
93% Jan.
Wis. Cent. Co.—1st, 5 g ...... 1937 J A J 923sb 92 Jan.
100 Jan,
Incom e, 5 g ........................ 1937 . . . . .
40 a 1 41% Jan. i 42% Jan.
106 Feb.
H ôte —“ b ” indicates price bid ; “ a ” price ask ed ; the R ange is made up from actual sales only.
* Latest price this week.
A m er. Cotton o il, deb., 8 g.1900 Q - F 109% 107% Jan.
83 Feb.
Ao.Top.«feS.F.—1OO-yr., 4 g . 1989 J «fe J 83is
59 Feb.
60^8
,100-year in co m e ,5 g ....... 1989 Sept.
13 b. 723s Jan.
A tL «fe Pac.—W.D. inc., 6s. 1910
13% Jan.
. Guaranteed, 4 g ...............1937 J «fe J 72ia
I l l Jan.
B rookl’n E levat’ d 1st, 6, g . 1924 A «fe O 113
J «fe J 107
105% Jan.
Can. South.—1st guar., 5s 1908
a
2d, 5s....................
1913 M «fe S 102 » 101 Jan.
75 b. 74% Jan.
Cent. Ga.—S < W. 1st con.5s,’ 29
fc
Central o f N. J.—Cons., 7s. 1899 <4—j 116iab. 115 Jan.
Consol., 7 s . . . ....................1902 M«fc N 122 b. 120 Jan.
109% Jan.
General m ortgage, 5 g .,1 9 8 7 J «fe J l i l i s
L eh.& W .B .,con.,7s,as’d .l9 0 0 Q—M 110 % 109% Jan.
d 6. m ortgage, 5 s .........1912 M «fe N 96isb. 94 Jan.
Am. D ock & Im p., 5 s___ 1921 J «fe J 107ieb. 105% Jan.
Central Pacific—G old , 6s .. 1898 J «fe J I10%b. 109% Jan.
Ches, «fe Ohio—M ort., 6 g ..l9 1 1 A A O* 118%b. 115% Jan.
fc
1st consol., 5 g .................. 1939 M < N 04%b. 103% Jan.
76 Jan.
E . A A .D iv.,1st con .,2-4 g. 1989 J «fe J 7734
do 2d con., 4 g . . . 1989 J «fe J *79 a. 75% .Tan.
Chic. Burl, «fe Q.—Con., 7s. 1903 J «fe J 12258b. 121% Jan.
Debenture, 5 s....................1913 M «fe N 103 a. 101 Jan.
Convertible 5s...................1903 M «fe S 1 1 1 b. 111 Feb.
91% Feb.
D enver Division, 4 s ....... 1922 F A A 9113
89 Jan.
Nebraska Extension, 4 s .1927 M «fe N 91%
J «fe D 114 b. 112% Jan.
Chic, «fe E. III.— 1 st,s .f., 6s. 1907
C onsol., 6g .........................1934 A «fe O 122 b. 122 Jan.
97 Jan.
General consol. 1 st, 5 s ..1937 M «fe N 100
97% Jan.
C hicago < Erie— 1 st, 4-5 g.19 82 M «fe N lO lia
&
Oct’ b’r 53%
48 Jan.
Incom e, 5 s.........................1982
<
fe
86 Jan.
88
Chic. Gas L. A C —1st, 5 g.1937
<
fe
128% 125% Jan.
Chic. M il . < St. P.—Con. 7 s . 1905
fc
112 %b. 112% Jan.
<
&
1st, Southwest Div., 6 s .1909
115i8b. 113% Jan.
<
fe
1st, So. Min. Div., 6s. ...1 9 1 0
&
1063
4t). 106 Jan.
lst.C h .A P ao W .Div., 58.1921
<
fe
102 b. 100% Jan.
Chic. «feMo.Riv.Div., 5 s .1926
<
fe
104%b. 103 Jan.
W is. < Minn. D iv., 5 g ..l9 2 1
fe
<
fe
104 b. 103 Jan.
Term inal, 5 g ....................1914
<
fe
88
86% Jan.
Gen. M., 4 g ., series A ... 1989
MU.& Nor.— 1st, con., 6s.l913 J «fe D 113%b. 111% Jan.
138 Feb.
Chic, «feN. W.—Con sol., 7 s .. 1915 Q - F 137
Coupon, gold, 7 s ...............190Í J «fe D 125 b. 123% Jan.
Sinking fund, 6s...............1929 A «fe O 117% 116 Jan.
108 Jan.
Sinking fund, 5s...............1929 A «fe O 109
&
105% Jan.
Sinking fund deben., 5 s .1933 M < N 106
25-year debenture, 5 ___ 1909 M «fe N 10538b. 104% Feb.
F «fe A
96 J an.
E xtension, 4 s................... 1926
Chic. Peo. < St. Louis—5 g . 1928 M «fe S 98 b. 97% Jan.
&
Chic. R .I. < Pac.—6s, coup. 1917 J «fe J 1023feb. 121 Jan.
fc
E xtension and c o l .,5 s ...1934 J & J 102% 101% Jan.
30-year debent. 5s..........1931 M «fe S 96%b. 95 Jan.
Chic. St.L. <&Pitt.-Con.,5g. 1932 A «fe O 105 b. 105 Jan.
120% Jan.
Chic. St. P. M. < O.—6 s ....1 9 3 0 J «fe D 120 %
fc
Cleveland < Canton—5 .. .1917 J «fe J 88 b. 88 Jan.
fe
C. C. C. «fe I.—Consol., 7 g.1914 J & D *128 b. 128% Jan.
fc
General consol., 6 g .......1934 J < J 120 b. 118% Jan.
C.C.C. ASt.L.—Peo.«fe E .4s. 1940 A «fe O 83
80 Jan.
30% Jan.
Incom e, 4 s.........................1990 April. 33%
Col. Coal < Iron — g .........1900 F «fe A 100 b. 103 Jan.
&
6
Col. Midland—Con., 4 g ..,1 9 4 0 F «fe A 71
71 Feb.
Col.H .Val.ATol.—C on.,5g.l931 M «fe ß 91
87% Jan.
93 Jan.
General, 6g ....................... 1904 J & D 96
&
1163 Jan.
4
D enver < Rio G.—1st, 7 g.1900 M < N 117
fc
fe
1st con sol.,4 g ..................1936 J < J 80%
7734 Jan.
fe
D et.B . City«fe Alpena — g.1913 J < J *75 b. 70 Jan.
6
fc
D et. M ac. A M. —L ’d grants .1911 A < O 39
38% Jan.
D ul. < Iron Range—5s___1937 A < O 97%
&
fc
95 Jan.
&
Dul. So. 8 < A tl.—5 g . . . .1937 J < J 96 a. 95% Jan.
h. fc
fe
E .T enn .V & G.—Con., 5 g . 1956 M < N *99 b. 96 Jan.
K n oxville < Ohio, 6 g .,.1 9 2 5 J & J 108 a. 104 Jan.
&
fe
Eliz. L ex. «&Big San.— g.1902 M < S 85
6
82 Jan.
F t. W. < Denv. City — g.,1921 J «fe D 101%
fe
6
98% Jan.
&
G al.H . ASan A n.-W .D iv.lst,5 g. M < N 95%b. 9 6 38 Jan.
fe
H an. «fe St. Jos.—Cons., 6s. 1911 M < S 11858 117 Jan.
Illinois Central—4 g ...........1952 A «fe O 102%
96% Jan.
&
Int. < Gt. No.—1st, 6 g ___ 1919 M < N 123 %b. 118 Jan.
fe
fe
Coupon, 6 g., trust r e o ..1909 M < S 81
76 J an.
Io w a Central—1 st, 5 g ....... 1938 J «fe D 93%b. 89% Jan.
&
K entucky Central—4 g ___ 1987 J < J 83 a. 81 Jan.
&
K ings Co. El.—1st, 5 g ___ 1925 J < J 99 b. 99 Jan.
L aclede Gas—1st, 5 g .........1919 Q - F
81 b. 813 Jan.
4
Lake Erie < West.—5 g ___ 1937 J < J 110%
&
&
107% Jan.
L . Shore—Con. cp., 1st, 7S.19ÓO J «fe J 121
120 Jan.
Consol, coup., 2d, 7 s ....... 1903 J A D 123 b. 121% Feb.
L ong Isl’ d— 1 st, con., 5 g.,19 31 Q J 1 L3 b. 114 Feb.
General m ortgage, 4 g ..l9 3 8 J A D
93%b. 91 Jan.
Louis. < Nash.—Cons., 7 s .1898 A A O 114% 114 Jan.
fe
N.O. < Mob. 1st, 6 g .......1934 J A J 119
&
117% Jan.
do.
2d, 6 g .........193i J A J 108 b. 108 Jan.
General, 6g . . . , ...............1930 J A D 115%b. 115% Jan.
Unified, 4 g .......................194 J A J 73 b. 78% Jan.
Nash.Fl.t&Sh.—1 st gtd.5 g ’ 3 F A A 97 b. 98 Feb.
L ou is. N.A. < Ch.—1st, 6 s .1910 J A J 110 b. 108% Jan.
&
..Consol., 6 g ......, ............ ..1 916 A A O 102 % 100% Jan.
L ouis. St. L. «feTexas— g . 1917 F A A 94
6
87% Jan.
M etro. E levated—1st, 6 g . 1908 J A J 116% 113% Jan.
2 d , 6s .......................... .... .1 8 9 9 M A N 107%b. 105% Jan.
M ich. Cent.—1st,c o n .,7 s ..1902 M A N 123%a. 121% Jan.
Consol., 5 s ....... ............ ..1 902 M A N 106%b. 107 Jan.
M il. Lake Sh. AW .—1st, 6g . 1921 M A J 124 b. 123 Jan.
S
E xten. < Im p., 5 g .........1929 F A A 105 %b. 106 Jan.
fe
M . K. «fe T.—1st 4s, g .........1990 J A D
79% Jan.
80%
2 d 4s, g .......................... ..1 9 9 0 F < A 50%
&
46% Jan.
M o. Pacific—1st, con., 6 g.1920 M A N 109 a. 107 Jan.
3 d ,7 s ................................... 1906 M A N 115 b. 112% Jan.
P a c. o f Mo.—1st, ex., 4 g . 1938 F A A 98%
93% Feb.
2d extended 5s
___ 1938 J A J 105
102% Jan.
NEW YORK STOCK EXCHANGE PRICES—(Continued ).—IN A C T IV E B O N D S -F E B R U A R Y 5.
SECURITIES.
Railroad Bonds.
(Stock E xch ange P rices.)
Alabam a M id.—Ist, g., 6 s
1928
A tla n tic A Danv,—is t g., 6 s.. 1917
A tl. A P ac.—2d W. D., gu. öS,. 1907
Balt. A Ohio—Ist, 6s, Park B .1919
5 b, gotd.................................. .1925
vv.<w Volt.
.........1QK«
* ÄO price Friday; Uiese <uo u«o
Bid.
Ask.
SECURITIES.
Bid. Ask.
102%
B. A O. S. W., 1st. g., 4 % s ...l9 9 0
Mon. Riv., 1st g., g. 5s, ...1 9 1 9
Oeai’ lO hio Reor.—1st, 4 % s.l9 3 0 103
Bost. H. Tun. A W.—Deb. 5 s .1913 100%
88
90
85
62
98
*118
117
do
Consolidat’ d 1st, 6 s.1922 116
107
Burl Ced. Rap. A No.—1st, 58.1906 102 %
OotKaol, & r*£»U
q.+
•
J
>*_ 1094
107
iu«.oat quutaUwu^taiaue ca«a woes..
SECURITIES.
Bid.
Burl. Ced. Rap. A No.—(Contiu’ d)—
Minn. A St. L.—1st, 7s, g u ..l9 2 7
Iow a C. A West.—1st, 7 s . ...1 909 100
Ced. Rap. I. F. A N., 1st, 68.1920 100
1st, 5 s ..... ............................1921
*
100
122
80
117% Chat. Rome A Col.—G td g. 5s. 1937
85
10278
Sav.A West.—1 st eon. gtd.5s.19 ¿9
75
»5
n V. J .— Prmv. deb., 6s. 1Oos *115
.P
A sk.
95
99
90
91
7 5 7a
THE
C H R O N IC L E .
239
NEW YORK STOCK EXCHANGE PRICES .—IN A C T IV E BONDS—r C ontin ued )—F E B R U A R Y 5 .
SECURITIES.
Bid.
Ask.
SECURITIES.
Ask.
SECURITIES.
Bid.
Ask.
P enn.R R .-P . C. &S.L.-lst,c. ,7s. 1900
Gal. Har. & San Ant.—1st, 6 s .1910 ......... 103
Pitts. Ft. W. & C —1st, 7 s... 1912 139
Gal. H. & 8. A .—2d m ort., 7 s .. 1905
2d, 7 s .....................................1912 137
West. D iv., 2d 6s ................... 1931
3d, 7 s .........* ........................ 1912 131*2 135
76
Ga. 80. & Fla.—1st, g. 6s.........1927
121%
Clev. & P.—Cons., s. fd ., 7 s .1900
83
Grand Rap. & Ind.—Gen. 5s .. 1924
Gen. 4*«s, g., “ A” .............1942 106*9 107%
Green B. W. & St. P.—1 st 6s. .1911 *90
111%
37
2d incom e, all subs, p a id ........... 35 101*2 St. L. V.s A T. H.—1st, 6s., 78.1897 111*4
2d, 7 .....................................1898
Housatonic—Cons, gold 5s— 193 7
2d, guar., 7 s . . . ....................1898
102%
N. H aven A D erby, Cons. 5s..1918
ilT *
P eo.A E .-Ind.B .A W .-lst,p£.7s.l900 iÏ4
H 2
Hous. & T . C.—W aco & N. 7s..1903
Ohio ind.A W .—I s t p r e f.5 s ..l9 3 8
1st g., 5s (int. g td j................ 1937 104 105
P eoria A Pek. Union—1st, 6s .1921 *110
101*2
Cons. g. 6s (int. g td ).............1912
2d m ortg., 4*28.........
1921
63*4 65
Gen. g. 4s.(int. g td ).............. 1921
____ Phila. & R ead.—3d pref. convert
*4Ì“’
Debent. 6s, prin. & int. gtd.1897 *83
Pitts.C.C&St.L.—Con.g.4*asA1940
Debent. 4s, prin. & int. gtd.1897 *63
114
104% Pitts. Cleve. & T o l —1st, 6 s... 1922 i:2
Illinois Central—1st, g., 4s ...1 9 5 1
91
92*2 Pitts. & L . Er.—2d g. 5s, “ A ” . 1928
1st, gold, 3*28......
1951
Pitts. Me. K. A Y .—1st 6s.......1932
Springf. D iv.—Coup., 6s___ 1898 104
95 .......
Pitts. Painsv. & F.—1st, 5 s . . . 1916
M iddle D iv.—R eg., 5s.......... 1921 112
Pitts. Shen. & L. E .-ls t .g .,5 s .l9 4 0
C. St. L. & N. O.—Ten. 1., 7 s .1897 11 1
Presc’t & Ariz. Cent. 1st, 6s,g. 1916 ....... ........
1st, consol., 7 s . .................. 1897 112 114
1916
2d incom e, 6 s.................
2d, 6s . ...................................1907
92
Rich. & Danv.—Debenture 6 s .1927
Gold, 5s, c o u p o n ................ 1951 112 115
83
Equip. M. s. f., g., 5 s............. 1909
97
M emp. D iv., 1st g. 4 s ....... 1951
___
A tl. & Char.—1st, pref., 7 s .. 1897 *102
Dub. & 8. C —2d D iv., 7s . . . 1894
do.
Incom e, 6 s___ 1900 *100 .......
88 91
Ced. Falls A Minn.—1st, 7s. .1907
Rio Gr. Ju nct.,1st,guar.,g.,5s-1938
Ind. D. & Spr.—1st 7s, ex. cp.1906 114 116
.......
St. Jos. A Gr. Is.—2d in c .........1925 *36"
75*2
Kanawha & M ich.—Mort. 4s. 1990
72
Kan. C. & Omaha—1st, 5 s .. 1927 *
Kan. C.Wyan. A N.W.—1st, 5 s .1938
....... . 105%
St. L. A. A T .H —2d pref. 7 s ..1894
L. Sh. & M. 80.—C. P.&A.—73.1892 104*4
115%
2d m. inc. 7s............................ 1894 *103
Buff. & E r.—New bonds, 7 s .1898 115*2
55
D ividend bon ds..................... 1894
Det. M. & T .—1st, 7s.............1906 124 129
Bellev. & So. 111.—1st, 8 s ...i8 9 6 n o
Lake Shore—Div. bonds, 7s. 1899 117*2
110
Bellev. & Car.—1st, 6s..........1923
M ahon’g Coal R R .—1st, 5s. 1934 105 103
Chi. St. L. &Pad.—1 st,gd. g. 5 s 1917 *102
Kal. Alt. & G. R .—1st gu. 5S.1938 106
84
St. Louis So.—1st, gd. g. 4 s .1931 *81
4
LehighV. ,N. Y.—1st gu.g.4*2S.1940 TOO *
65
--T*»
do
2d in co m e ,5 s.1931
Lehigh V.Term .—1st gu os,g. 1941 109*2 110*2
m
77 __ n
Car. & Shawt.—1st g. 4s-----1932
98
it c h f. Car.& West.—1st 6s. g. 1916
112*2 114
Long Island—1st, 7 s ................ 1898 i Ï 7 " 118*4 St.Lou &SFr.—2d 6s,g., cl. A . 1908
102
E quip., 7 s .............. ."............ 1895 100
N. Y. A R ’ way B.—1st, g. 5s. 1927
93 __
General 5 s ............................... 1931
2d m ortg., in c ...............
1927 ' ' ¿ i " 33
75 ¿85
1st, trust, gold, 5s....... ..........1987
Smithtown&Pfc.Jeff.—1st,7s 1901 T 07
82“ Kan. City & S.—1st, 6s, g ...l 9 1 6 97
*
Louis.Evans.&St. L.—Con.5s.1939
Ft. S. & V . B .B g . -1 s t, 6 s ... 1910
Louis. A N ash.—Cecil. Br, 7 s .1907 i Ö ö " 109
St. Paul & Duluth—1 st,5 s . . . . 1931 *108*2 _n
E. H. & Nash.—1st 6s, g ....l 9 1 9 113
_m
d m ortgage 5s.......................1917 102
Pensacola Division, 6s .........1920 107 i i b "
118
St. Paul Minn & M.—1st, 7 s .. 1909 * ..
St. Louis Division, 1st, 6 s ...1921 114
2d m ort., 6 s.............
1909 *118*2 118
*61
2d, 3s.................................... 1980
Minneap. Union—1st, 6 s-----1922
Leb. Branch E xtension .. *.18931*100
Mont. Cen.—1st, guar., 6 s .. 1937 115
Nashv. & Decatur—1st, 7 s .. 1900 113 116
1st guar. g. 5 s ........................1937 100%
8. f.,6s.—S. & N. A la..............1910
East. Minn., 1st div. 1st 5 s .1908 102
10G=0, gold, 6 s...............
1924
*_
93
50 year 5s, g .,........................ 1937 102 103*2 San Fran. & N. P .—1st, g., 5s.l9 1 9
76%
Sav. Amer. & M ontg.— 1st 6s. 1919 *60
Pens. A A t .- 1st, 6s, gold. ..1921 103 105
100
South C arolin a-2 d , 6s...........1931
101 102
Collat. trust, 5s, g ................ 1931
So. Pac. Coast—1st, guar.,4s. 1937 T02 ........
82
80
Lou.N.Alb.ACh.—G en.m .g.5s.l940
Texas Central—1st, s. f., 7 s ... 1909
Lou. N. O. & T ex.—1st, 4 s . ... 1934 *86
1st m ortgage, 7 s ....................1911
2d m ort., 5s ............................ 1934
Texas & N ew Orleans—1st,7 s .1905 *iÖ6*2
Louis. St. L. A Tex.—2d g, 6 s.. 1917
Sabine Division, 1st, 6 s....... 1912 *104 . . . . . .
Manhattan R y.—Cons. 4s.......1990 *30
Tex. A Pac., E. D iv.—1st, 6 <.1905
100
Memphis A Chari.—6s, g o ld ..1924 97
Third Avenue (N.Y).—1st 5s, 193“ *....... 114 '
1st con. Tenn lien, 7 s...........1 m15 120
93
94
Tol. A. A. & Cad.—6 s................ 1917
92
M exican National—1st, g., 6 s .1927
Tol. A. A. & Mt. PI.—6 s.......... 1919
2d, incom e, 6s, “ A ” .............. 1917
88
Tol. A. A. & N. M.—5s, g .. . . . . l 9 4 0
2d, incom e, 6s, “ B” .............. 1917
Ulster & Del.—1st, con.,6.,5s. 1923 100%
M ichigan Central—6s.............. 1909 * 112*2
Union Pacific—1st, 6s.............. 1896 107*2
Coupon, 5s.......... ....................1931 114 116
1st, 6 s..................... - ............... 1897 109%
M ortgage 4 s ............................ 1940 100
1st, 6 s...................................... 1898 110% ___ 2
Mil. L. S. AW.—Conv. deb., 5 s .1907 103*2
Collateral Trust, 6 s...............1908 loo _r
Mich. D iv., 1st, 6s................. 1924 122*4 Ï23"
__,
85
Collateral Trust, 5 s...............1907
A shland Division—1st, 6s ..1 925 123
Kansas Pacific—1st 6s, g . . . 1895 106
Incomes*........................................... 115 116
108%
1st, 6s. g ................................1896
Minn. A St. L.—1st, g. 7 s.........1927 117
C. Br. U. P .—F. c., 7 s...........1895 100
Iow a Extension, 1st, 7s.......1909 *116
84
85
A tch. Col. & P ac.—1st, 6 s... 1905
' 75"
2d m ortg., 7 s .......................... 1891 *73
Atch. J. Co. & W.—1st, 6 s... 1905 *77 ____ ,
Southwest E xt.—1st, 7s.......1910 108*2
84
U. P. Lin. & Col.—1st,g., 5s. 1918
Pacific E x t.—1st, 6 s ............ 1921 *98
Oreg.S.L.& U.N .,col.trst.,5s.l919 * 83% ___
Im pr. & equipm ent, 6s.........1922 *70 " 7 7
Utah & North.—1st, 7s.........1908 105 111
Minn. & P ac.—1st m ortg., 5 s .1936
Gold, 5 s................................ 1926 *80
M inn.S.Ste. M. & A tl.—ls t ,5 s .l9 2 6
___ ^
Utah Southern—Gen., 7 s . . . 1909 102
87
Minn.St.P.&S.S.M—1st c.g. 4s. 1938
___ 9
Extern, 1st, 7 s....................1909 102
76
74
M o.K.AT.—K.C.AP., Is t,4 s ,g .l9 9 0
V alley R ’ y Co. o f O.—Con. 6 s .1921 104% 105
88%
Dal. & W aco—1st, 5s, g u ....l9 4 0
___ n
Wabash—No. Missou—1st, 7 s .1895 107
90
Missouri P acific—Trust 5 s ... 1917 *85
St.L.K.C.AN.—R.E.&RH.7S.1895 107
82
1st coll., 5s, g .........................1920
St. Charles B r’ge—1st,6s... 1908 *107
St.L.&I. M.— rk.B r.,lst, 7S.1895 104
A
West. Va. C. & P itts.—1st, 6 s .1911 *100 ____ ,9
M obile & Ohio—1st ext., 6 s... 1927 112
Wheel. AL.E.—1st. 5s, g o ld ... 1926 *104 105
St. L. & Cairo—4s, guar....... 1931
E xtension & Im p, g., 5s.......1930 *93%
109
Morgan’ s La. & T.—1st, 6 s....1 9 2 0
lliticeU <iM t‘ ouN iS o tid a .
125
1st, 7s....................................... 1918
Amer. Water Works—1st 6 s ..1907
Nash. Chat. & St. L —2d, 6 s.. 1901
1st cons. 5s, g ......................... 1907
New Orleans & G ulf—1st, 6s .1926
Cahaba Coal Min.—1st g. 7 s .. 1907 108 112
N. O. &. No. E.—Pr. 1., g., 6s.. 1915
N. Y. Cent.—Deb. g. 4 s .......... 1905 100 101*2 Chic. Jun. AS. Y ds.—Col. t.g,5s,1915
Colorado Fuel—Gen. 6 s .........1919
100
N. J. June—Guar. 1st, 4s. ..1 9 8 6
95
Beech Creek—1st, gold, 4 s .. 1936 ’ 93*4 98*2 Col. & H ock. Coal & I.—6s, g ..l9 1 7
106
Con sol’n Coal—Convert. 6 s ...1897
108
N. Y. N. H. & H.—1st, reg .4s.1 903
85% 87
Cons. Gas Co., C h ic.-lst gu.5s.1936
n ! Y . & Northern—1st, g., 5 s .1927
Denv. C.Wat. Wks.—Gen.g. 5s.l9 1 0
55*2 58
2d, 4 s ........................................1927
Det.Un.DepotAStn—1st g. 4S.1938 .......
83
81
N. Y . Susq. & West.—2d, 4*as.l937
ïo'ô%
E dison Elec.
85
86*2 Equitable G. 111. Co.—1st, 5 s .1910
Gen. m ort., 5s, g ................... 1940
& F.—1st 6s....... 1905
97%
North’n Pacific—D ivid’d scrip ex t. 100
Henderson Bridge—1st g. 6s. 1931 lu9%
id s
James R iver Val.—1st, 6 s ...1936
H oboken Land & Imp.—g. 5 s .l 9 i 0 104*4 105*4
Spokane & Pal.—1st, 6s.......1936 *99 lUO
Mutual Union Teieg'fi—bs, g.1911 106%
St.Paul & N. P.—Gen., 6 s ..1923 117 120
Nation’ ! Starch M ig.—1st, 6s,192o 101% 103
H elenaARedM ’n—lst,g ., 6s .1937
Duluth&Manitoba—lst,g .6 sl9 3 6 ib b ” ......... Northwestern Telegraph—7 1904 T o 3 % __ _
People’ s Gas & Coke / 1st g.6s,1904 *102
Dul.&Man D ak.Div.—Ist6s.l9 37 ......... 102
Co., C h ica g o..-----> 2d g. 6s, 1904 100*4 101%
Cceur d’A lene—1st, 6s, gold. 1916 .........
P eoria Water Co,—6s, g .......... 1919 100
101
Gen. 1st, g., 6 s..............— 1938
Pleas. V alley Coal—1st g. 6s. 1920 97*4 101
Cent. Washington—1st,g .,6s.l938
P roctor A Gamble—1st, g., 6s. 1940
N orfolk & West.—General, 6 s .1931 121
West. Union Tel.—7 s ... 1875-1900 *Ì17" 120 "
N ew R iver, 1st, 6 s ................ 1932 116
U n lis t e d . B u n d s ,
Im p. & E xt., 6 s.......
..1 9 3 4 111
95
Ala. A V ick s.-C on soiog .,1921. AAO
92
Adiustm ent M., 7 s ................ 1924 T 09
bO
2d M., incom e till ’ 94 ,1921..AAO
70
Equipm ent, 5s........................ 1908
96*4 97*4 Vicks. A M erid.,lst 6s> 1921.AAO 103 105
C linch Val. 1st 5s..................1957
118
A tlanta A Chari.—1st 7s,1907.JA J 116
Scioto Val. & N. E .—1st, 4s,.1990 78% 80
30
Com stock Tun.—Inc.4s, 1919.MAN
23
Ohio & Miss—2d consol. 7 s ... 1911 120
103
Georgia P ac.—1st 6s, 1922— JA J
Spring.D iv.—1st 7s................1905 112
Consol. 5 g., 1923............. ...A A O
62*4 63
General 5 s ...............................1932
17*4
Incom e 5s ....................................
16
Ohio R iver R R .—1st, 5s.......... 1936 *98 100
78%
Little R. A M em .- 1st dg,1937.M Ad
Gen, g .,5 s ................................1937
Mem. ACharl. -C o n s.7 g ..l9 1 5 ,J A J Ì12
117
90
88
Oreg. R y& N av.—Col.tr. g-.5s.1919
Central P acific—Gold fids, 6s, 1895 1063s
G old bonds, 6s ....................... 1896 108
G old bonds, 6s ....................... 1897 109
San Joaquin Br., 6s ...............1900
M ort. gold 5 s......................... .1939 *99
Land grant, 5s, g ....................1900 101 101 %
West. Pacific—B onds, 6s . .. .1899 108
No. R ailw ay (Cal.)—1st, 6s. 1907
SO.year 5 s ............................ 1938 TOO
Oh.es. & O.—Pur. M. fund, 6s. 1898 109*s
6s, gold, series A ....................1908 117 105
Ches. O. A So.W est.—1st 6s, g.1911
73
2d, 6s ........................................ 1911
Chicago & A lton—1st, 7 s ....... 1893 103%
119%
Sinking fund, 6s . . . ...............1903
Louis. & Mo. R iver—1 st, 7s.1900 115
2d, 7 s.......... .........................1900
St. L. Jacks. & C h ic—1st,7S.1894 T 0 7
1st, guar. (564), 7 s ............ 1894 107 108
Miss.R. Bridge—1st, s. f., 6S.1912 105
Ohio. Burl. & Nor.—Deb. 6s ... 1896
Ohio. Burling. & Q.—5s. s. f ..l9 0 1 104%
Io w a D iv.—Sink, fund, 5 s ..1919 105
94
94*2
Sinking fund, 4 s ..................1919
88%
Plain, 4s...................................1921
97*2
Ohio & Indiana Coal—1st 5 s .1936
119
.Ohi. Mil. & S t .P —1st,8s,P .D .1898 Ì1 8
122
2d, 7 3-10s, P. D ....................1898
1st, 7s, $ g . , R . D ................... 1902 124*9 125
lst> La Crosse Division, 7s. 1893 T 20* q
1st, I. & M., 7 s .......................1897 T2L
1st, I. A D., 7 s .......................1899 121
ls t .C . & M „ 7 s.......................1903 123*a 126
1st, I. & D. Extension, 7 s ... 1908 128*2
1st, La C. & Dav., 5 s.............1919 103
1st, H. A D., 7 s..................... 1910 123
1st, H. & D .,5 s ..................... 1910 100
Chicago & Pacific D iv., 6s .. 1910 116*2 117
Mineral Point Div. 5 s...........1910 102 102*4
C. A L. Sup. Div., 5s.............1921 101*2
Fargo & South., 6s, A s s u ...l9 2 4 T 1 0
Inc. conv. sink, fund, 5s___ 1916 *99*2
Dakota & Gt. South., 5s___ 1916 101 ib’ i*4
Mil. & N or. main liue—6 s . . . 1910 113*2 114
Chic. AN. W.—30 year deb. 5s, 1921 . . . ... 105%
Escanaba & L. S. 1st, 6s ___ 1901 107
D esM . & Minn.—1st, 7 s . . . . 1907 125
Iow a Midland—1st, 8s .........1900 125*2
Peninsula—1st, conv., 7 s ...1 898 120
Chic. A Milwaukee—1st, 7s. 1898 1L5
Win. A St. P.—2d, 7s............. 1907
Mil. & Mad.—1st, 6s ............ 1905 114
Ott. C. F. A St. P .—1st, 5 s ..1909 107 108
Northern 111.—1st, 5 s...........1910 106*2
C .R .I.& P .-D .M .& F . D. 1st 4s. 1905 *74
55
1st, 2% s................................1905
Extension, 4 s ....................1 9 0 5
95
97
K eokuk & Des M.—1 st,5 s.. 1923
Chic. St. P & Kan. City—5 s.. 1936
Minn. & N. W.—1st, g., 5 s.. 1934
Ohio.St. P. & Minn.—1 st,6 s ...1918 121 123*2
St. Paul &S. C.—1st, 6s ....... 1919 123 123*2
Ohio. & W. Ind.—1st, s. f., 6s. 1919
General m ortgage, 6s . . ........1932
Oin; Ham. & D .—Con. s. f., s.1905 123
2d, gold, 4 % s..............
1937
96
Oin. I. St. L.A Chic.—1st,g.,4s.l936
C o n so l, 6s ................................1920
Oin. Jack. & M ac.—1st, g., 5 s .1936
Clev. Ak. & Col.—Eq. & 2d 6s. 1930 92
C.C.C. & St. L., Cairo d iv .-4 s , 1939
88
St.Lou.Div.—Istcol.ts’t4s,g.l990
Spring. ACol.Div.—1st,g. 4s. 1940
W hite w .V al.D iv.—lst,g . 4s. 1940
Cin.San.ACl —Con. 1st, g. 5s, 1928 105
01.Col. Cin. & Ind.—1st, 7s,s.f.l899 115*2 117
Consol, sink, fund, 7 s .......... 1914
Oleve. A Mah. V.—Gold, 5 s . ..1938
113
Colorado Midland—1st, g., 6S.1936
Colum bia & Green.—1st, 6s . . .1916 *99 102
2d, 6 . . . ...................................1926
s
D il. Lack. & W.—Convert. 7s, 1892 102
M ortgage 7 s ............................ 1907 134
Syra. Bing. & N. Y .—1st, 7S.1906 129*2
M orris & E ssex—1st, 7s___ 1914 141 142
B onds, 7 s ..............................1900 114
1901 123 125
7s o f 18 71..................
1st, con., guar., 7 s............. 1915 137 140
Del. & Hud. Can.— Coupon 7s, 1894 110 110*2
142
Pa. D iv., coup., 7s................ 1917
A lbany A Susq.—1st, gu.,7s.l906 129% 130
1st, cons., guar., 6s ...........1906 120 121*2
___
Rens. A Bar.—1st, coup., 7S.1921 142
D en ver City Cable—1st, 6s ... 1908
98i2 99*2
D env. A R. G.—Im p .,g ., 5 s ... 1928 ‘ 77
E . Tenn. Va. A Ga.—1st, 7 s... 1900 G i l
Divisional 5s.......................... 1930 T 07
1st ext., gold, 5 s ....................193
72
E q. A Im p., g., 5s.................... 1938
78 » 80
2
M obile A Birin.—1st, g., 5 s ..193'
80
115
Alabama Central—1 s t 6s ... 1918
Erie—1st, extended, 7 s...........1897 I I 414
2d, extended, 5s..................... 1919 115*2
31, extended, 4% s..................1923 108*4 109
4th, extended, 5s................... 1920 114 114*2
5th, extended, 4s................... 1928 101
1st, cons., id. coup., 7s.........1920 ‘ 133 137
R eorg., 1st lien, 63................ 1908 112*2
B. N. Y. A E.—1st, 7 s .......... 1916 '135
N. Y. L. E. & W.—Col. tr.,6s.l922 110 113
Funded coup., 5s. . . .............. 1969
90
la co n ic, 6s............................... 1971
Buff. & 8. W.—Mortg. 6 s . ...1 908
Jefferson—1st, gu. g. 5 s ___ 1909
105
Coal & R R .—6s ............
IS pans. A T .H .—1st,com
.1921 119*2
Mt. V ernon—1st 6s ...
.1923 112
8uL Co. Branch—1st, j
. 1930
Evans. & Indian.'—1st, <
.1926 *110 111
F lint A P. Marq.—Mort.
.1920 120 122
1st e >n. gold, 5s..........
.1933 101 101*2
.1939
101*2
.
.1918
F la. Cen & Pen.—1st s
F t Worth & R. G.—Isl
.1928
75
* No pric i F ri lay; tuese are the late t quotations m ode this week
Bid.
240
THE
IttW jestm cttt
AND
C H R O N IC L E
[V ol. L IV ,
Latest Earnings Reported
R oads .
W eekorM o
1891-2.
1890-1
$
3,335
39,198
7,282
3,175
49,655
336,861
74,056
19,548
Jan. 1 to Latest Date.
1891-2.
1890-1.
$
$
Georget’n A W ’n November.
3,659
37,960
35,807
G r .R a p .A I n d .. 3d w b J a n .
38,277
106,404
111,691
C in.R .A F t. W. 3d w b J a n .
7,137
19,522'
20,782
Other lin es. . . 3d w b Jan.
3,215
8,715
9,320'
T otal all lines. 3d w b Jan.
48,629
135,246
141,188
The I nvestors’ Supplement, a pam phlet o f 150 p ages> Grand T r u n b ... Wb. Jan 23 338,190
1,013,756
997,581
Chic & G r.T r. W b.Jan.23
73,108
222,347
221,549
contains extended tables o f the Stocks and Bonds o f B ailDet.Gr.H & M. Wk.Jan.23
19,570
58,484
59,195
toads, and other Companies, with remarks and statistics con Great N orth’n St. P. M. & M . D ecem ber. .289,385 974,945 11,711,787 10,135,917
cerning the income, financial status, etc., o f each Company.
East, o f M inn. D ecem ber. 114,960
40,887 1,179,127
666,968
M ontana Cent. Decem ber. 112,433 116,485
882.759
741,148s
It is published on the last Saturday o f every other month—
Tot. system . D ecem ber. ,516,779 1,132,318 14,173,672 11,944,032
viz., January, March, May, July, September and November, Gulf & Chicago. D ecem ber.
4,865
4 4 ,1 9 9
43,221
4,886
125,107 125,578 1,425,482 1,441,996
and is furnished without extra charge to all regular sub H ousatonic....... November.
Humest’n&Shen D ecem ber.
16,000
171,904
16 9,83 9
17,233
6,721
3,000
scribers o f the Chronicle. E xtra copies are sold to sub Hutch.&South’n Decem ber.
Illinois Centr’l . . Decem ber. ,723,611 1,692,786 18,629,730 16,916,137
scribers o f the Chronicle a t 50 cents each, and to others at Ind.Dec.& W est. Decem ber.
464,086
56,129
486,294
52,526
In. & Gt.North’n 3d w b Jan.
53,862
208,129
181,733
75,853
$1 p er copy.
Interoc. (M ex.). W kJan .16
34,914
127,341
42,750
173,114
The General Quotations o f Stocks and Bonds, occupying Iow a C entral... 4 th w k J a n
33,136
Iron R a ilw a y ... December.
3,221
37,116;
34,590
3,258
six pages o f the Chronicle, are published on the t h ir d J’k’n v .T .A K .W . Decem ber
609,772
76,110
763,944
71,889
Kanawha AMich 3d wk Jan
4,766
15.801
15,698
6,483
S a t u r d a y o f each month.
17,583'
Kan. C. Cl. & S p . 3d w k Jan
3,997
11,710
6,155
K.C.F.8. &Mem. 3d wk Jan
215,025
80,275
255,710
77.135
K. C.Mem. A B ir. 3d wk Jan
20,423
66,708
63.833
23,126
21.510
K e o k u k * West. 3d w k Jan
7,896
22,575
7.170
L. Erie All. & 80 December
68,007
6,668
75,094
6,143
Jan. 1 to Latest Date. L. Erie & West . ^ wp j an
Latest Earnings Reported.
251,041
95,093
87,406
283,981
31.801
28,105
Lehigh & H u d .. j anuary...
28,105
31,801
1890-1.
ROADS.
1890-1.
1891-2.
W eekorM o 1891-2.
12.267
55,497
L.
R ock *M em . 3dw kJan.
18.499
38,544
236,979
231,365
Long Isla n d -----4th w k Jan
51,577
55.136
*
$
$
$
384,956Louis. & M o.Riv. November.
42,637
442,005
36.915
Allegheny Y al. Decem ber. 203,558 206,314 2,548,794 2,592,100 Louis.Ev.ASt.L. 4 w b J a n
th
113,381
24,965
69,430
36,566
A tch .T . A S . Fe. 3d wb Jan. 522,161 510,038 1,616,721 1,501,166 Louisv.ANashv. 4th w b Jan 545.400 538,115 1,557,445 1,590,51580.975 Louis. N. A& C h. 3d w b J a n
H a lf o w n e d ... 3a w b Jan.
32,765
32,716
98,828
126,937
42,482
130,961
41,421
Total system. 3d w b Jan. 554,926
>42,75 41,715,549 1,582,141 Louisv.N.O. A T . 3 d w b Jan
251,153
64.122
212,472
85,049
St L. A S a n F .. 3d w b Jan.
295,002 L ou.St.L.& Tex. 4th w b J a n
288,062
91,330 108,160
34.114
17,988
52,163
12,866
H a lf ow ned. J 3d w b Jan.
96,685
79,156 Lynchb.&Dur’m December.
32,062
32,092
114,787
14,073
166,132
14,000
Tot.S.L.AS.F. 3d w b Jan. 123,393 140,252
384,748 , 374,159 Memphis AChas 3d w b J a n
100,962
22,552
71,323
33,687
A gg. t o t a l .. 3d wb Jan. 678,318 683,006 2,100,297 1,956,299 (M exican Cent... 4 wb Jan 209,301 189,855
571,056
606,116
th
Atlanta & Char.* November.
72,192
74,228
345.601
M ex . N ation al. 4th w k Jan 108,231 112,287
321,111
119,530
130,783 {M exican R ’ way w b Jan. 2
A tlanta A Flor’ a Decem ber.
15.593
14,503
66,500
81.500 3,939,707 4,106,961
A tlanta & W .Pt. D ecem ber.
484,792
479,946 Mil.L.Sh. A Wesi 4th w k Dec
52,622
45,451
72,118
64,495 3,527,714 3,848,568
B.AO.EastLines December. 1.628.127 1,537,342 19,169,896 18,657,734 Milwaukee & N 0 4th w b J an
128.601
40,021
117,567
44,720
Western Lines Decem ber. 548,028 475,545 5,689,233 5,661,895 Mineral R ange.. Decem ber
125,468
147,402
13,300
11,377
'I’fltfl 1
Decem ber. 2,176,155 2,012,887 24,878,724 24,319,529 Minneap.&St.L. December.
149.838 134.274 1.817,280 1,510,844
210,976
BaLAO.Southw. 4th w b Jan
58,920
185,006 M. St.P.&S.S.M . December.
68,719
280,769 144,053 2,580,676 2,013,371
Balt. A Potom ac O ctob er. . .
162,827 157,522 1,466,109 1,415,444 M o.Kan.ATex.6 3d w k Jan. 142.284 153,467
455,091
437,587
21,575 M o.Pac.AIronM 4th w k Jan 788,000 774,000 2,074,107 1,942,873
B ath A Ham ’nds O ctob er. . .
4,453
22,391
5,727
50,191
Bir. A A tla n tic. Decem ber.
78,238 Mobile & B irm .. ovember,
3,257
6,247
243,060
256,364
30,240
28,844
Bir.8h.&Tenn.R November.
192,680
175,002 Mobile & O h io.. j anuary..
20,167
17,057
323.085
281,926
281,926 323,035
Buff.Roch. A Pitt 4th w b Jan
191,421 Monterey&M.G Decem ber
66,74^
214,279
61,749
443,674883,462
75,343
72.344
Bur. C.Rap. AN. Decem ber. 394,957 306,104 3,586,340 3,303,982 Nash.Ch.AStL.c December
434,689 347,203 4,739,442 3,784,634
800,970
Camden & A tl. D ecem ber.
799,491 N.
39,800
38,826
293,892
Jersey A N .Y . December
265,400
24.268
21.345
Canadian Pacific 4th w b Jan 471,000 445,000 1,605,000 1,365,221 New Orl. & So’n December
159,190
173,415
19.263
20,817
Op.F’ rAYad.Val D ecem ber.
583,357
555.209 N. Y. C.A H. R.e Decem ber 4.050,980 3,388,413 44,264,060 40,204,882
42,590
46,103
Oar.Cum.GACh. November.
41,429
26,778 N. Y. L. E. A W. Decem ber 2,641,562 2,377,635 30,685,633 29,204,700
3,484
3,898
Car. M id la n d ... November.
7,370
5,176
593,078 592,409 6,464,843 6,664,466N. Y. Pa. & Ohio November
Oen.RR. & Bg.Co J u ly ..........
496,982 416,641
N. Y .& N .E n g .. N ovem ber
529,768 506,715 5,729,016 5,546,348
Central o f N. J . Decem ber. 1,155,408 1,176,896 14,201,767 13,663,726 N. Y. & North’n . Decem ber
511.729
509,661
35,371
36,707
Central Pacific. November. 1.401.127 1,390,900 15,504,798 14,683,529 N. Y .O n t A W .. 4 th w k J a n
217,328
195,649
62,228
71,576
94,223
Central o f 8. C. November.
103,471 N.Y. Susq. & W.. December. 135,030 130,048 1,656,523 1,592,OSS9,855
8,303
162,641
Ohar.Cin. A Chic D ecem ber.
137,048 Norfolk A W est.. 4th wb J an 164,698 152,134
14,100
14,033
6 6 1,645
656,786
Charlest’n A 8a v Decem ber.
53.594
720,377
682,740 N’theast’n(8. C.) Novem ber
68.179
63 4,11 9
658,468
52,710
52.307
Char. Sum. A N o Decem ber.
139,020
78,206 North’n Central. D ecem ber. 613.598 483,460 6,820,569 6,608,797
15,000
9.537
Chatt’n’gaU ni’ n O c to b e r...
83,712
96.749 Northern Pacific 4th wk J an 478,907 537,257 1,440,209 1,752,140
8.852
10.179
95,197
Cheraw. & Dari. November.
9,562
98,655
8.573
3 7 1 .7 2 9
370.637
Wis. Ct. Lines. 4th w k Jan 117.329 123,292
23,504
2,505
2,566
Oheraw. & Salish November.
22,727
N.P.AW .Cent. 4th w k Jan 596,236 660,549 1,810,846 2,123,869
Ches. & O h io.... 4th w b Jan 210,549 209,493
699,306
654,664 Ohio & Miss....... 4th w k J an
328,213
360.637
85.661
79,619
Ches. O. A 8. W December. 202.781 209,932 2,339,016 2,161,684 Ohio R iver.........3 d w k J a n
39,175
37,149
13,025
12,383
Chic. Bur. & No. November. 221,100 208,980 1,998,782 1,881,038 Ohio S outhern.. January...
51,820
63,661
51,820
63.661
Chic. Burl. A Q. December. 3,524,478 2,815,732 35,352,375 35,130,586 Omaha & St. L .. November
556.086
451,885
45,070
49,640
Ohio. A East. 111. 4th w b Jan
86,753
76,002
307,727
296,820 Oregon Im p. Co. D ecem ber
4,518,216297.838 343,063 4,209,428
Chicago & E rie. ¡Decem ber
303,407 247,332 2,746,726 2,742,149 Pennsylvania .. D ecem ber 5,796.829 5,305,319 67,426,841 66,202,260
Chio.Mil. & St.P. 4th w b Jan 751,130 611,924 2,420,917 1,946,196 PeonaD ec.A B v. 4 th w k J a n
66,395
68,228
21,976
23,029
Ohio. A N ’ thw’ n. Decem ber. 2,585,817 2,183,17c 29,314,075 28,038,207 P etersbu rg........Decem ber
530,616519,648
42,157
41,297
Chic.Peo.& S.L.t 4th w b Jan
3 3 ,1 4 '
26,677
98,898
73,776 Phila. & E r ie ... Decem ber
418,856 358,006 5,201,360 5,113,787
O hio.R ’b l.& P ... January... 1,292,544 1,097,487 1,292,544 1,097,488 Phila. & R ead’ g Decem ber 1,881,522 1,686,111 22,049,212 20,965,656
74,229
151,509
Ohic.St.P.AK.U. 2d wb Jan.
62,790
119,477
C oal& IronC o. December 1,784,423 1,606,377 21,489,780 19,161,556Ohic.St.P.M.AO. December
817.781 579,984 8,050,731 6,754.520
TotalbothC os. Decem ber 3,665,945 3,292,488 43,5 3 «,994 40,127,212
Chic. & W . Mien. 4th w b Jan
36,087
116,265
109,311 Pitts. Mar. & Ch. Decem ber
36,484
37,636
44,502
3,446
3,396
68,494
Oin.Ga. & Ports. D ecem ber.
5,089
5,513
67,507 Pitt.Shen. A L.E. December
262,295
337.440
30,794
22,815
Oln. Jack A Mao. 3 d w b Jan.
11,235
11.738
34,858
33,603 Pittsb. & West’n November
122,636 127,362 1,355,320 1,357,694
Cin.N. O .& T .P . 3 d w b J a n .
188,619
62,348
76,943
212,826
450,407
452,184
45,680
Pitts.Clev.AT. Novem ber
44,279
Ala. Gt. South. 3d wb Jan.
31.561
37,655
90,579
95,059
269,184
284,798
27.512
Pitts.Pain.&F. Novem ber
26.564
21,241
N. Orl. A N. E. 3d w b Jan.
22.180
62,249
63.749
152,009149.441
46.170
Total system 4th wk Jan
55,968
9,535
34,380
Ala & Vicbsb. 3d w bJ an .
12,048
35,726 Pitt. Young. A A . November.! 108,099
95,953 1,190,698 1,268,533
11,764
30,541
7,787
Vicas. 8h. A P. 3d w b Jan.
33,069 Pt. R oyal A Aug. N ovem ber.
302,369
331,823
28,214
28,523
E rlanger Syst. 3d w bJan. 132,472 160,590
406,368
440,429 Pt Roy.AW .Car. November.
3 6 :,4 2 4
363,822
39,525
37,055
Otnn.Northw’n . Decem ber.
1,954
21,551
1,740
• 20,238 Pres. AAriz.Cen.!D ecem ber.
134,595
139,413
11,088
9,567
20,767
19,490
247,016
Cin. P orts. & Y.. D ecem ber.
227,813 G u in eyO .*K .C . ¡Decem ber.
254,627
262,626
24,127
24,078
12,474
985
673
Col. & M aysv. D ecem ber.
9,459 Rich.ADanville. D ecem ber, 515.700 523.500 6,017,700 5,775,000
50,803
744,036
61,852
Oin.Wab.&Mich. Decem ber.
603,170
vir. M idland.. D ecem ber. 164,600 184,20« 2,243,815 2,2 74,9 89
46,019
Clev.Abron&Co] 3d w b J a n .
14,364
15,785
47,218
960,845
967,248
Char.Col.AAu. D ecem ber.
82.900
89,100
56,304
662,720
60,055
526,903
Clev. & Canton.. November.
869,580
846,419
82,880
76.900
Col. A Greenv D ecem ber
638,588
Gl.Cin.Ch.AS.L 3d w b J a n . 219,248 241,374
693,160
971,925
80,740 1,042,648
79,600
West. No. Car. D ecem ber.
29,483
90,285
30,189
Peo. & East’n. 3d w b Jan.
80.691
Decem ber. 213,800 180.200 2,057,870 1,885,775
Georgia P a c ..
346.010
29,831
Clev. & Marietta D ecem ber.
30,539
334,835
148,817
163,160
11,490
12,720
Wash.O.A W -. D ecem ber.
105,059
34.562
Color. Midland.. 3d w b J a n .
36.738
109,610
150,40&
162,302
12,925
12,000
Ashv. A Spart. Decem ber.
250,749
Col. H. Y . & Tol. January... 250,749 205,044
2 5.044
875.650
736,840
T otal Sys’ m. 3d wk Jan. 231,880 314,250
Gol.Shawnee&B . d wb j an.
13.437
36,348
8,351
24,765
332,798
328,340
D ecem ber.
25,239
25.308
Petersb.
1,653
2,218
28,559
Colusa A L abe.. Decem ber.
26,213 Rich. Ade South. 3d w k Jan.
28,538
10.565
B io Gr’
Conn. R iv e r ___ D ecem ber.
91,337
85,988 1,114,826 1,129,414
111,875
97,4o0
39,275
36,500
3 w Jan.
3,605
939
Current R iv e r .. 3d w b J a n
2,122
5,917 Rio Gr. W est. D ecem ber. 333,35
304,457 3,985,972 3,946,240
Rome W. A Ogd.
694,800
D env. & R io Gr. 4t,h w b Jan 252,500 213,000
651,627 Sag.TuscolaAH. Dec nber.
102,587
106.647
7,623
8,648
12,130
131,769
Des Moin. & No. D ecem ber
10,394
120,139 dt.L.AA T.H.B’ s 3d w k Jan.
77,177
76,082
28,610
26,490
215,540
25,795
Des M. & N’ west D ecem ber
19,389
221,09
350,300
349.100
4th wb J an 129,900 133,600
423,*61
22.13
Det.B ay C.&Alp Decem ber
39,618
520,416 St.L. Southw’rn. December. 141,282 115,430 1,829,762 1,494,225
26,312
28,122
Det.Lans’ g & N o 4th w b J an
83,638
86.650 St. Paul A Dul’tl) 4thwk Oct
45,941
54,158
41,886
DoluthS.S.& A ti 4 th w b J a n
124,746
43.458
124,106 S.Ant.AAr.Pass. 3d wk Jan
29,836
30,000
10,697
9.853
11,931
7,074
85,571
Duluth & W inn. Decem ber.
57,149 8. Fran. AN.Pao December.
400.629
502,979
44,895
46,987
Sav. Am . A Mon.
363,924
E,Tenn.Va.AGa. 3 d w b Jan. 123,877 162,070
472,854
269,372 245.279 2,690,752' 2,421,057
O c tob er...
78,237
49.717
728.63“
591,482 Sav.Fla. A West Decem ber
E lgin JoLAEast. Decem ber.
105,674
125,468
13,341
8,090
662.011
86,948
76,318
682,012 S ilv erton ........... December
B liz.L ex.A B .S... O cto b e r. . .
444,559
312,091
29,692
40,000
28,184
9,250
8,035
26,509 Sioux City A No
E vans.A lnd’plisMth w bJan
So. Pacific Co.—
31,724
91,335
30,578
92.692
E vansv. A T. H. 4th w bJ an
387,005 334,922 4,517,589 4,285,678»
Gal.Bar.AS.A. D ecem ber
646,401 543,508 7,122,683 7,038,978
F itchburg.......... D ecem ber.
87,536 1,061,576 1,160,331
104,868
Louis’a W est.. December
57,066
109,085
58,093
Flint. A P . M ara. 2d w b J an.
106,938
699,922 753,170 5,782,831 5,800,831
Morgan’ s L AT. Decem ber
4,750
41,046
3,638
37,919
F loren ce............ November.
225.629
241,679
22,729
24,650
N .Y .T . A M ex D ecem ber
F lor. Cent. A P . Deeemt er. 171,300 143,124 1,491,118 1,212,437
151,156 136,121 1,674,309 1,871,817
S ex . A N. Orl D ecem ber
13,277
3,451
3,896
11,383
F t. W. & R io Gr. 3 d w b Jan,
December 1,391,719 1,334,478 13,439, , 36 l a , 487,242.
Atlantic sys.d.
18.013
9,013
130,405
61,986
6 a . Car’la A No. November.
D ecem ber. 2,742,000 2,676,217
Pacific system Decem ber 2,74 ü,uuu z ,0/ 0, z a / 37,009,518 31,865,262.
146,383 188,656 1,795,856 1,818,199
Georgia R R .......D ecem ber.
Total o f a ll.. D ecem ber. 4.133,720 4.010.695 50.449,255148,352,504*
757,375
76,290
71,858
736,696
Geo. Bo. A F la .. December.
R a ilr o a d Ititjellip w jcjc.
I
RAILROAD EARNINGS.
F ebruary 6, 189?.]
R o ad s.
THE
Latest Earnings Reported.
WeekorM ol 1891-92.
$
Bo, Pao. R R .—
Coast Div. (Cal; November.! 207,536
Bo. D iv. (Cal.) November.! 679,732
A rizona D iv .. November.! 190.305
92,722
New M ex. D iv November.!
South Carolina Decem ber.! 124,570
Spar. Un. A Col November.
12,6G2
Staten Isl. R. T. Decem ber.
63,894
StonyCl.ACM t.. November.!
1,666
Summit Branch. D ecem ber.1 112,988
Lykens Valley Decem ber.!
83,030
T ot’l both Co’ s D ecem b er.1 196,037
Tenn. M idland.. Decem ber.!
22,800
Terre H. & Peo Septem b’r. | 34,571
Texas A P acific. •1th wk Janj 191,689
Tex.S.Val&N.W. D ecem ber.
5,008
T oL A , A . A N.M. D ecem ber.
84,187
Tol. Col. & C in. 1th w k Jaa
7,257
39,024
Tol. A O hio Cent. 4th w k Jan
Tol. P. A W est.. 3d wk Ja n .1 22,558
56,123
Tol. St. L. & K.C. 4th wk Jan
Tol. & So. H aven Decem ber.
1,962
28,322
U lster A D e l .... November.
Union Pacific—
Or.S.L. &U.N. November. 656,423
O r.R y.A N . Co. November. 573.305
U n.Pac.D.AG . November. 571,713
St.Jo.&G’dIsl. 3d w k Jan.
20,561
t A llo th .lin e s .. November. 1,315,318
Tot.TJ.P.Sys. November. =,228,728
Oent.Br.AL.L. November. 105,569
Tot. cont’led November. =,334,298
M ontana U n .. November.
78,752
L eav.Top. A 8. November.
2,672
Man. Al. A Bur. November.
2,948
84,272
Join t.ow n’ d ... November.
Grand total. November. 1,376,434
Verm ont Valley Decem ber.
14,766
W abash.............. 4th w k Jan 360,000
Wab. Chest. AW. O cto b e r. . .
7,431
Wash. Seuthern. O cto b e r. ..
28,938
W est Jersey....... December. 101,394
W.V.Cen. A Pitts. November.
90,959
W est Vir. A Pitts. O cto b e r. . .
22,761
Western o f Ala. December.
52,175
W est.N.Y. A Pa. 3d wk Jan.
60,800
W heeling & L. £ . 4th w k Jan
32,499
Wil. Col. A A ug. November.
82,706
W rightsv.A Ten. Decem ber,
6,289
Zanes. A O hio... lstw k Sept
3,607
C H K O N IC L E .
Jan. 1 to Latest D a te
1890-91
1891-92.
*
S
175,130 2,175,511
537,580 6,317,565
176,810 1,871,720
90,936
970,768
149,762 1,660.497
123,036
12,180
58,435 1,035,601
52,884
1,662
110,171 1,289,820
75,354
942,479
185,525 2,232,297
212,371
25,449
288,646
545,194
220,644
48,184
5,314
81,172 1,024,117
23,322
8,704
29.900
116,061
61,543
17,598
170,724
37,087
1,852
27,290
26,749
360,616
1890-91.
S
2,139,668
5,950,568
1,850,209
957,589
1,563.619
115,685
1,005,196
51,868
1,123,756
955,567
2,079,320
218,390
614,089
52,933
1,127,209
23,061
105.152
50,984
121,690
26,642
346,248
,963,061 6,881,912
671,698
558,551
,274,528 4,469,218
502,774
,303,780 5,278,206
66,745
12,238
38,460
,187,121
,746,030 22,032,847
,993.124
,116,384 39,852,907
61,522
918,893
773,918
,054,646 39 ,890,302 40,771,800
89,934
665,245
876,773
27,876
28,869
2,481
38,003
3.598
35,277
731,124
96,013
940,918
,255,864 41,242,260
,102,653
188,632
13.900
192,628
994,852
,127,000
346,000
51,782
57,073
7,088
241,194 L 233,207
25,951
101,722
,467,059 1,433,104
93,883
895,693
,011,367
12,550
161,059
93,038
563,424
62,864
573,033
175,000
190,900
68,000
30,372
92,391
98,446
886,028
856,609
82,091
91,069
84,998
8,529
98,586 I 101,224
3,419
241 1
For the 3d week o f January our final statement co
|
roads and shows 2*66 per cent loss in the aggregate. j j j *
3d week o f January.
Prev’ly rep ort’d (53roads)
A tchison Top. & 8 . P e ...
Roads j ’tly ow ned *2..
St. Louis A 8. Fran.........
Roads j’tly ow ned *a.
Chicago & Grand T runk..
Oin.N.O. &T.Pao.(5roads)
Cleveland A kron & C ol. . .
Colorado M idland............
Col. Shawnee A Hocking.
Current R iv er...................
D etroit Gr. H. A M il.......
Int. & Gt. N orthern.........
Kansas City Clin & S pr..
Kan. City Ft. 8. & M em ...
Kansas C. Mem. & B irm .
Keokuk & W estern..........
Little R ock A M em phis..
Ohio R iv er..........................
*Rich. A Danv. (8 roads).
St. Joseph A Gr. Island..
8t. L. A lt. A T . H. Brches.
San Francisco A No. Pao.
Toledo Peoria A Western
Total (87 roa d s)............
Net decrease (2-66 p .c .)..
1892,
1891.
Increase.
$
$
5,124,600 5,172,579
522,161
510,038
32,765
32,716
91,330
108,160
32,062
32,092
73.103
74,056
132.472
160,590
14,364
15,785
34,562
36,738
13,437
8,351
93 d
2.122
19.570
19.548
53,862
75,853
3,997
6,155
80,275
77,135
20,423
23,126
7,896
7,170
12,267
18,499
13,025
12,383
231,880
314,250
20,561
12,238
26,490
28,610
10,697
9,853
22,558
17,598
*
264,611
12,123
49
6,595.301
300,526
6,775,645
5.086
22
3,140
726
Decrease
$
312,599
16,839
30
94823,118
1,421
2,176
1,183
21,991
2,158
2,703
6,232
642
82,370
8,323
844
4,960
2,120
48 0,87 9
180.34
One day less in 1892.
Net Earnings Monthly to Latest Dates.—The table tol
lowing shows the net earnings reported this week. A fu ll
detailed statement, including all roads from which monthlyreturns 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 January 23. The next will appear in
the issue of February 20.
.-----Gross E arnings.—
1891.
1890.
■Net X am in gs.1891.
1890,
At. T. A S . F e b ......... Dec. 2,946,777 2,792,382
905,538
681,781
Jan. 1 to Dec. 3 1 ...3 3 ,4 5 6 ,4 5 9 31,562,411 10,870 314 9.468,924
Ju ly 1 to D ec. 31 . ..1 8,584,106 17,069,913 6,411,862 5,177,99b
R ’ ds j ’tly ow ’d (ig) bD ec.
143,736
140,063
13,569 def. 16,528
* Figures co v e r on ly that part o f m ileage located in South Carolina
Jan. 1 to Dec. 3 1 ... 1,751,778 1,679,591
93,563
108,083
t Earnings given are on w hole Jacksonville Southeastern System.
July 1 to Dec. 3 1 ...
905,720
875,392
105,920 def.3,538
6 Kansas City & P acific included in both years, e W estern & Atlan
665,253
T ota lA tch . s y s ..b .D e c . 3,090,513 2,932,445
919,107
tic included in Decem ber, 1891, but n ot in 1890. d Includes earnings
Jan. 1 to D ec. 3 1 ...3 5 ,2 0 8 ,2 3 7 33,241,998 10,963,876 9,572,01b
from ferries, etc., n ot given separately. 1 M exican currency, e In
July 1 to D ec. 3 1 ... 19,489,825 17,945,302 6,517,780 5,174,449
cludes Rom e Water. A Ogd. in both years fo r D ecem ber and the tw elve
263,874
St. L. A San F ra n .b Dec. 639,185
583,032
294,081
m onths.
Jan. 1 to Dec. 3 1 ... 6,981,614 6,606,272 3,037,347 2,882,127'
July 1 to Dec. 3 1 ... 3,943,500 3,710,394 1,867,632 1,737,933
" “ ^
Latest Gross Earnings by Weeks.—The latest weeklyR ’ds j ’tly ow ’ d (*2) bDee.
15,731 def. 18,103
137,136
141,158
Jan. 1 to Dec. 3 1 .. 1,716,260 1,644,582
122,708
144,798’
earnings in the foregoing table are separately summed up as
July 1 to Dec. 3 1 ...
15,945
856,284
887,336
123,126
follows:
309,812
250,772
780.343
Tot. S.L.AS.F.Sys.bDec.
720,168
Jan. 1 to Dec. 3 1 ... 8,697,874 8,250,862 3,160,055 3,026,977
For the 4th week of January 37 roads have reported their
Ju ly 1 to Dec. 3 1 ... 4,830,836 4,566,677 1,990,768 1,753,87b
earnings thus far, and aggregating the results we find a gain
Total Atch. A 8. F. bD ec. 3,870,856 3,652,612 1,228,919
916.024
of 4’33 per cent.
J an . I t o Dec. 3 1 ...4 3 ,9 0 6 ,1 1 0 4 1 ,4 9 2 ,8 6 1 1 4 ,1 2 3 ,9 3 1 1 2 ,5 9 8 ,9 4 2
Ju ly 1 to Dec. 3 1 ...2 4 ,3 2 0 ,6 6 1 22,511,980
8,508,538 6,928,331
Buff. R och. A P ittsb .D ec.
240,415
183,153
72,894
29,784
4 th week o f January.
1892.
1891.
Increase. Decrease
Jan. 1 to Deo. 3 1 ... 2,809,364 2,202,135
910,598
675,089
Ju ly 1 to
Dec.,
3 1 ... 1,493,636 1,226,430 487,074 328,315
*
$
$
$
Balt. & Ohio Southw.......
Chic. Burl.A Q u in .b.D ec. 3,524,478 2,815,732 1,308,424 1,077,231
63,719
9,799
58,920
Buffalo Roch. A P itisb ...
Jan. 1 to Dec. 3 1 ...3 5 ,3 5 2 ,3 7 5 35,130,586 13,409,995 12,478,07066,747
61,749
4,998
Canadian Pacific..............
471,000
445,000
'26,0 00
Chic. A West M ich .aD ec.
130,300
21,164
17,286
143,598
Chesapeake & O h io.........
210,549
209,493
1,056
Jan. 1 to Deo. 3 1 ... 1,757,553 1,606,416
563,793
525,753
Chicago A East. Illin o is..
86,753
76,002
10,751
54,106
Colorado M id la n d .b.D ec.
174,466
57,733
183,823
Chicago Milw. A St- Paul.
751,130
611,924
139,206
Jan. 1 to Dec. 3 1 ... 2,052,188 1,897,128
635,703'
534,276
Chic.Peoria & S t.Louis...
33,145
26,677
6,468
Ju ly 1 to D ec. 3 1 ... 1,064,333
337,663
290,573
980,411
Chicago & West Michigan
36,097
36,484
397
Denver A Rio G ran d e. . .
324,383
Denv. A R. G randebD ec.
833,834
252,500
662,690
288,131
213,000
39,500
Detroit Lane & Northern
Jan. 1 to D ec 3 1 ... 8,484,407 8,875,785 3,198,363 3,674,164
26,312
28,122
1,810
Duluth S. S & A tla n tic...
41,886
1,572
Ju ly 1 to Dec. 3 1 ... 4,618,419 4,984,932 2,001,202 2,143,454
43.458
E vansv. & Indianapolis.
9,250
8,035
Î ,2 Ï 5
28,469Det. Lans. A N orth .aD ec.
95,384
30,018
101,295
E vansv. & T erre Haute..
31,724
30,578
1,146
392,799
Jan. 1 to D ec. 3 1 ... 1,254,100 1,219,664
375,446
Jowa Central.....................
42,750
33,136
9,614
8,092
Elgin Joliet A E ... . aD ec.
30,894
78,237
49.717
Lake Erie & W estern___
95,093
87,406
7,687
Jan. 1 to Dec. 3 1 ...
194,265
591,482
265,834
728,635
L ong Island......................
51,577
55,136
3,559
99,507
417,115
July 1 to Dec. 3 1 ...
319,710
157.762
Louisville & N a sh ville...
545,400
538.115
7,285
* Louisv. Evansv. & St. L.
24,965
605,c 95
626,009*
36,566
11,601 Louisv. A Nashville bD ec. 1,791,151 1,651,839
Louisv. St.Louis & Texas
17,988
12,866
Jan. 1 to Dec. 3 1 ...2 0 ,2 4 7 ,5 2 7 19,161,223 7,380,982 7,165,561
5,122
M exican Central..............
209,301
189,855
Ju ly 1 to Dec. 3 1 ...1 1 ,0 6 1 ,1 7 3 10,034,375 4,012,466 3,793,769
19,446
M exican N ational............
108,231
112,287
4,056 M exican N ation al.a.D ec.
99,497
104,477
363,052
357,935
M ilwaukee & N orthern..
40,021
44,720
4,699
827,005
Jan. 1 to Dec. 3 1 ... 4,206,423 3,754,966 1,155,826
Mo. Pacific & I r o n M t ...
788,000
774,000
i 4,000
55,074
42,363
206,435
N, Y . Ont.AW est’n a .D ec.
247,829
New Y ork Ont. & W est...
62,228
71,576
9,348
556,114
743,224
Jan. 1 to D ec. 3 1 ... 3,056,787 2,461,502
Norfolk A W estern.........
164,698
152,134
12,564
July 1 to Dee. 3 1 ... 1,673,850 1,426,765
457,932
369,038*
N orthern P acific..............
478,907
537,257
58,350
Wisconsin Central lines
117,329
123,292
271.762
209,254
5,963 Norfolk A W est’ n .a ..D e c .
791,753
695,277
Ohio A M ississippi...........
85,661
79,619
6,042
Jan. 1 to Dec. 3 1 ... 9,188,042 8,577,114 3,178,275 2,910,032
Peoria D ecatur & Evansv.
23,029
21,976
1,053
483,460
8,905 d ef.38,555
Northern C en tral.b.D ee.
613,598
Pittsburg & W estern.......
55,968
46,170
9,798
Jan. 1 to Dec. 3 1 ... 6,820,569 6,608,797 1,903,347 1,6S7,038
St. Louis Southw estern..
129,900
133,600
3,700
96,460
56,146
330,525
378,008
Texas & P a cific................
191,689
220,644
28,955 Ohio A M ississippi, a Dec.
Jan. 1 to D ec. 3 1 ... 4,217,287 4,139,958 1,216,834 1,135,184
Toledo Col. & C incinnati.
7,257
8,704
1,447
633,929
678.351
Ju ly 1 to Dec. 3 1 ... 2,287,811 2,179,498
T oledo & Ohio C en tral...
39,024
29,900
9,124
Toledo St. L. & Kan. City.
56,125
37,087
Ohio Southern...........Nov.
32,093
19,038
59,545
54,403
33,750
W abash...............................
360,000
346,000
Jan. 1 to Nov. 3 0 ...
14,000
528,632
496,384
269,512
247,069
W heeling & Lake E rie ...
32,499
30,372
2,127
53,636
Oregon Im p. C o .. .a .D e c.
343,063
40,282
297,838
758.453
Jan. 1 to Dec. 3 1 ... 4,209,428 4.518,216
818,555
5,813,442 5,571,860
377,039
135,457
Philadelphia A Erie. .Dec.
358,006
418,856
102,568
122,298
Net increase (4-33 p.c.)
241,582
Jan. 1 to Dec. 3 1 ... 5,201,360 5,113,787 1,853,502 1,723,868
* R oad still blocked on accoun t Patton Tunnel.
117,036
Rio Grande W est’n .b D e c .
219,187
87,059
241,779
690,154
Jan. 1 to Dec. 31 .. 2,592,512 1,986,097
975,204
Our statement of gross earnings for January will be given
510,710
Ju ly 1 to D ec. 3 1 ... 1,446,035 1,199,653
589,861
in our editorial columns next week in the usual way. W e 8t. Paul A D u lu th .b.D ec. 141,282
37,821
46,501
115,430
furnish this week the following preliminary summary, cover
Jan. 1 to D ec. 3 1 ... 1,829,762 1,494,225
694.351
512,698.
352,320
Ju ly 1 to D ec. 3 1 ... 1,081,626
873,804
446,214
ing the 48 roads which have thus far furnished returns. It
will be observed that these 48 roads show a gain of $1,096,590 Southern P acific Co.—
Tot. sy s. Jan. I t o D ec.31.50,449,255 48,352,504 19,285,486 17,197,401
or 5'44 per cent:
West. N .Y .A P e n n .b .D e c.
304,119
278,065
106,525
67,889Month o f January.
1892.
1891.
Increase. P.O.
Jan. 1 to D ec. 3 1 ... 3,643,320 3,588,802 1,113,464 1,166,903
Gross earnings (43 roads) $21,244,339 $20,147,749 *1,096,590 5-44
Ju ly 1 to Deo. 3 1 ... 1,967,606 1,886,956
654,269
617,692.
THE
2A2
IF
*
Roads.
'W kltetifstF uel C o...D ec.
* Jan. 1 to Dec. 3 1 ...
J u ly 1 to D ec. 3 1 ...
— Gross Earnings.----1891.
1890.
$
$
[VOL, LTV.
C H R O N IC L E .
— Net Earnings,
1890.
1891.
$
13$ 081
19,958
165,441
101,530
82,329
57,138
n, Net earnings liere given are after deducting taxes.
1» Net earnings here given are before deducting taxes.
’ Interest Charges and S urplus—The following roads, m
addition to their gross and net earnings given above, ako
Report charges for interest, & c., with the surplus or deficit
ibove or below those charges.
r—
Inter't, rentals, c6c.— —
, Bal. o f Net Earns.—
1890.
1891.
in i
1891.
1890.
$
$
_ _
_
Roads.
$
303,715
508,424
Chic. Bur. & Quincv. Dec. 800,000
773,516
3,857,995 3,195,883
'
Jan. 1 to Deo. 3 1 ... 9,552,000 9,232,187
ANNUAL REPORTS.
Columbus H ocking Talley & Toledo Railway.
(F o r the year ending Dec. 31, 1891.^
The annual meeting was held in Columbus, Ohio, on the
3d inst., and a report, with approximate figures submitted
by President Waite. As this is some time in advance of the
pamphlet report the statistics are presented below in com
parison with the actual figures for previous years. The re
port states that during the year 5 new freight engines of
improved design were purchased and charged to mainten
ance, replacing a like number of smaller engines condemned
and sold. Two hundred new coal cars of 25-ton capacity
were purchased, and 61 coal cars, 27 flat cars, 1 box car and
4 cabooses were built at the company’s shops.
“ Eight new standard freight engines were purchased m
¡addition to the five before referred to as having been charged
xo maintenance, and 500 additional coal cars of 25-ton capac
ity were purchased under the requirements of our contract
with the C. & H. C. & I. Co.
“ Under the authority granted at your special meeting of
November 12, 1891, $2,000,000 of the 5 per cent non-cumulative preferred stock then authorized has been sold, and nearly
¡all of the second mortgage 7 per cent bonds of the Columbus
*& Hocking Valley Railroad have been redeemed and can
celed, and when all have been presented and canceled the 5
per cent consolidated mortgage bonds receivable therefor will
¡b© cancelled. Your board feels that you are to be congratu
lated on the successful culmination of this transaction, which
materially reduces the fixed charges.”
^Earnings and charges were as follows :
and mature with the former issue. Ten per cent of the stock
will give about $7,640,000 bonds, the half o f which will be re
quired to pay for equipment and the balance for betterments
and construction. The outstanding convertible 53 carry a
call on the stock, as likewise will the new issue.
Columbus Hocking T alley & Toledo.—The annual meet
ing of stockholders was held at Columbus, Ohio, on Tuesday,
the 2d inst. The following directors were re-elected: C. C.
Waite, Charles B. Alexander, George N. McCook, Samuel D.
Davis, Thomas F. Ryan, Charles B. Van Nostrand, Charles
Foster, P. W . Huntington, James Kilbourne. The Board
elected the following officers: President, C. C. Waite; First
Vice-President, Samuel D. Davis; Second Vice-President, C.
B. Alexander; Secretary and Treasurer, W . N. Cott.
The President was authorized to expend $225,000 in con
struction and equipment, including the $90,000 already au
thorized for equipment and contracted for. A portion of this
money will be used in reducing the Alveda grade between
Nelsonville and Toledo, and which is the last heavy grade
remaining on the road.
Denver & R io Grande.—The comparative statement of
earnings, expenses, &c., for six months ending Dec. 31 is as
follow s:
1890.
Gross earnin gs............................. ................ $4,984,932
Operating expen ses...................................... 2,841,477
Net earnings........................................... $2,143,455
1891.
$4,318,419
2,617,217
$2,001,202
Ii*CO M E ACCOU NT.
Net earnings as a b ove.................................. ..................................$2,001,202
Deduct. —
T axes................................................................................... $150,000
Interest, discount and exch an ge.................................
68,278
Interest on funded d ebt................................................ 993,337
Interest on eq u ip m en t..................................................
23,616
C d ora do traffic pools (p assen ger)..... . ...................
39,653
B etterm ent and renewal fund charged in com e----- 120,000
R ental o f leased lines...........................................-........
33,300
............................. ...............; ....................... ! f c _____ 1 2 ! 1,428,593
Surplus incom e for the 6 mos. end’ g Dec. 31, ’ 9 1 ................
$572,609
This has been applied in reduction of the* company’s liabil
ities.
Edison General E lectric—Thomson-Houston Electric.—
The Edison General Electric and the Thomson-Houston Electric
Companies have agreed upon a basis of consolidation. The
Sun money article says : ‘ ‘ The stock of the first-named is to
be exchanged for that of the consolidated company dollar for
dollar, and the Thomson-Houston stock will be turned in on
the basis of 60 per cent of its face value. The President of
the consolidated company will be Mr. E. A. Coffin, now ViceE AR N IN G S A N D E X P E N SE S.
President of the Thomson-Houston Company, and Mr. V il111891.
1890.
1888.
1889.
lard, who has acted as President of the Edison General Elec
I
Earnings from —
$
tric, although his resignation is said to have been in the hands
464,393
388,168
P assengers........................
446,669
of the directors for many months, will, it is understood, cease
F reigh t___. . . __ - ___ . . . . 2,311,558 2,020,949 2,482,670
87,202 . 109,689
117,288
M $il, express, & c . . _____
to take an active part in the enterprise.” The annual meeting
Total gross................ 2,875,515 2,496,319 3,056,752 3,286,827 will be held on Monday.
Oper. exp. and ta x e s—
1,653,662 1,488,627 1,748,552 1,847,998
Elizabethtown Lexington & B ig Sandy.—A circular ad
N et earnings........ .
1,221,853 1,007,692 1,308,200 1,438,829 dressed to the stock and bond holders by Mr. C. P. Huntington, President, says : “ I have agreed to exchange the capital
IN CO M E ACCOU NT.
stock of the Elizabethtown Lexington & Big Sandy Railroad
1891.
1890.
1889.
1898.
Company owned by me for common stock of the Chesapeake
$
$
Receipts—
$
N et earnings.................... 1,221,853 1,007,692 1,308,200 1,438,829 & Ohio Railway Company at the rate of two shares of the
10,000
32,147
28,335
M iscellaneous...................
28,579
stock of the Elizabethtown Lexington & Big Sandy Railroad
Total receip ts............ 1,250,432 1,036,027 1,340,347 1,448,829 Company for one share of the stock of the Chesapeake & Ohio
Disbursements—
Railway Company, and agreed to exchange the debenture
977,420
977,420
997,820
Int. on bds. & car trusts.
984,020
*60,850 bonds of the Elizabethtown LexiDgton & Big Sandy Railroad
38,205
12,950
Other interest.................
23.758
24,525 Company owned by me for the like amount, dollar for dollar,
24,490
24,658
Int. to Pa. R R . on l’ se ...
24,086
of the common stock of the Chesapeake & Ohio Railway Com
3,118
M iscellaneou s.................
pany, and agreed to exchange the first mortgage bonds of the
T otal disbursements. 1,034,982 1,035,428 1,040,115 1,062,795
Elizabethtown Lexington & Big Sandy Railroad Company
1386,034
300,232
599
Balance, surplus............
215,451
owned bv me at par, dollar for dollar, for 4% per cent bonds
to be issued by the Chesapeake & Ohio Railway Company.” '
* Includes car trust interest.
t Of this am ount $92,011 w as spent fo r additions.'im provem ents,
The Chesapeake & Ohio Railway Company has agreed to
&c., and $197,545 fo r equipm ent, leaving a balance o f $96,476.
make the same exchange with all security holders if they de
k IT A pproxim ate.
posit by Feb. 20, 1892. Mr. Huntington says further : “ The
Elizabethtown Lexington & Big Sandy Railroad Company has
not earned in the last three years the full 6 per cent upon its
GENERAL INVESTMENT NEWS.
bonded debt. I have advanced the deficit for others and with
Atchison Topeka & Santa Fe.—An abstract of the St. held my own coupons from presentation. Under the new
Louis & San Francisco consolidated mortgage, under which arrangement you will observe that you receive the bonds of
the bonds are fully guaranteed by the Atchison endorsement, the Chesapeake & Ohio Railway Company, bearing
per
will be found on a subsequent page.
cent interest, which interest charge that company ought to be
The Boston Traveler makes up the following statement of able to readily earn, especially when it is considered that
Atchison’s income for the first half of its current fiscal year, they are saving a large amount of general expenses, which
the company, when operated separately, has been necessarily
that is, July 1 to Dec. 31,1891:
Increase. subjected to. The tendency of all railways is to consolidation,
1890.
1891.
$
$
$
1,343,330 and small companies cannot operate with economy. _
N et earnings....................................... 5,174,451
6,517,781
“ Allow me to say to all that are interested that it is the best
Other in c o m e .....................
450,000
450,000
that I could do for those holding the securities of the Eliza
1,343,330 bethtown Lexington & Big Sandy RaiLroad, and that I shall
T otal n e t...........................................5,6v4,451
6,967,781
Charges (6 m onths).............................3,990,000
3,990,000
make the exchange upon the above terms.”
1,343,330
B alan ce......................................... 1,634,451
2,977,781
Indianapolis Decatur & Springfield.—The General Term
Incom e bon d interest........................ 1,999,999
1,999,999
of the Superior Court of Indianapolis this week affirmed the
B alan ce......................................d ef.3 65,5 48 sur.977,782
1,343,330 decree of foreclosure in the suit of the first mortgage bond
Chicago Burlington & Quincy.—The directors have de holders of the Indianapolis Decatur & Springfield Railway Co.
clared a quarterly dividend of V/i per cent, payable March 15. Appeal is allowed, however, to the Supreme Court of the
They also voted that the books should close Feb. 20 and re State of Indiana without increase of bonds. This would in
open March 5 to give shareholders the right to subscribe at volve a long delay and it is not improbable that an agreement
par for 10 per cent of their present stock in 5 per cent notes between the first mortgage bondholders and the junior securi
convertible into stock at par. Interest will be payable in ties mav be effected under the plan of reorganization given
March and September, and the bonds will be dated June 1 i in the Chronicle of Dec. 26, page 968.
THE
F ebruary 6,1892.]
C H R O N IC L E .
International & Great Northern.—The plan o f reorganiza
tion published in our last issue has received the formal assent
o f the two committees representing the bondholders and Mr.
Gould, The Missouri Kansas & Texas have not yet formally
committed themselves to the agreement. The committee of
second mortgage bondholders have issued a call for a meeting
of holders of seconds, to be held on February 10th, 1892, at
noon, at the Farmers’ Loan & Trust Co., in order to ratify the
plan. Printed copies of the agreement are expected to be
ready shortly that can be submitted to those interested pre
vious to the meeting and an opportunity to sign presented.
Iow a Central.—Judge Patterson, in the N. Y . Supreme
Court, has rendered a decision in favor of the Iowa Central
RR. Co., in the suit of R. K. Dow against the company and
the Reorganization Committee, dissolving the injunction. The
Court holds that the plaintiff had no rights in the^ case and
that the company had exercised due diligence in issuing its
notices of assessments, &c. Therefore the stockholders who
paid subscriptions in full under the reorganization plan may
take the new stock.
Massachusetts Railroads.—The following roads have re
ported to the Massachusetts Railroad Commissioners for the
quarter ending December 31:
O L D C O L O N Y.
,—Quar. end. Dec. 31—. s—
Six tnos. end. Dec. 31.—
,
1890.
1891.
1890.
1891.
$
$
$
$
4,521,305 4,621,819
Gross earnings................ 2.056,899 2,167,080
O perating expenses...... 1,543,862 1,757,202
3,127,523 3,262,668
Net earnings..............
Other in com e...................
513,037
56,739
T ota l.....................
I n t , rentals & taxes,
569,776
422,881
601,009
435,560
1,465,039
848,983
1,564,800
872,495
146,895
165,449
616,056
692,305
Surplus.
409,878
191,131
1,393,782 1,359,151
71,257
205,649
BO STON & A L B A N Y .
Gross earnings.........
■
Operating expenses
.
-Quar. end. Dec. 31.— . ■Six mon. end. Dec. 31.—
1890.
1891.
1890.
1891.
$
$
$
$
4,743,516 4,998,576
.2,374,036 2,487,612
3,049,183 3,891,663
.1,625,550 2,085,031
748,486
718,842
N et earnings..........
In t., rentals & taxes,
T o ta l................................
402,581
724,795
1,694,333
931,154
29,644 df. 322,214
1,106,913
945,285
763,179 sr. 161,628
F IT C H B U R G
r-Quar. end. Dec. 31.— r-6 mo. end. Dec. 31.-%
,
1890.
1891.
1890.
1891.
$
$
484,982
340,414
627,677
359,835
$
f$
Gross earnings................... 1,779,104 1,926,779 3,741,200 3.815,467
Operating expen ses.......... 1.294,122 1,299,102 2,524,661 2,541,586
Net earnings................
Int., taxes and rentals___
144,568
Surplus.
1,216.539 1,273,881
701,712
714,954
267,842
514,827
558,917
New York State Railroads.—The following have reported
to the State Railroad Commissioners for the quarter ending
Dec. 31:
M A N H A TT A N E L E V A T E D .
r-Quar. end. Dec. 31.— —6 mos. end. Dee. 31.—
>
1890.
1891.
1890.
1891.
«
$
$
$
4,817,618 5,229,410
Gross earnings................ 2,623,215 2,833,281
2,381,174 2,629,621
Operating expenses....... 1,246,030 1,342,841
N et earnings............ 1,377,185
Other in com e...................
21,500
2,436,444
43,000
1,490,440
35,000
T otal..............................1 ,3 9 8 ,6 8 5 1,525,440
Int., rentals, taxes, & c .. 599,897 604,808
Surplus..........................
798,788
2,599,789
70,000
2,479,444 2,669,789
1,190,739 1,205,000
920,632
1,288,705 1,464,789
B U F F A L O R O C H E ST E R & P IT T SB U R G .
—Quar. end. Dec. 31—
1890.
1891.
$
$
Gross earnings.......................614,746 741,872
Operating e x p e n se s.............467,471 515,262
N e t e a m in g s ................... 147,275
Other in co m e.................. —
6, 052
.— mos. end. Dec. 31—
6
1890.
1891.
$
$
1,214.646 1,482,229
898,116 1,006,563
226,610
5,471
316,530
11,784
328,314
341,692
T ota l.................................. 153,327 232,081
Interest, rentals and taxes* 171,015 177,816
B alan ce........................def. 17,688 sr.54,265
475,666
11,408
487,074
357,780
def. 13,378 sr. 129,294
* Includes interest on floating debt and also extraordinary expenses.
ST AT EN ISLA N D R A P ID T R A N SIT .
Quar.cnd.Dcc. 31.— ,—6 m o.end.Dte. 31.—
>
1890.
1891.
1890.
1891.
$
$
$
$
Gross earnings............................. 194,284 204,284
582,364 587,495
Operating expenses..................... 166,693 165,701
355,445 335,891
Net earnings........................... 27,591
Interest, rentals and ta x e s....... 80,108
38,583
80,872
226,919
142,792
231,604
146,801
B alan ce.............................. def.52,517 def.42,289 sur.84,127 sr.84,803
National Cordage Company.—The report for the fiscal year
ending Oetober 31 1891, was submitted this week at the an
nual meeting of the stockholders, and may be found at length
in this issue of the Chronicle. Since the close of the fiscal
year lai'ge additions have been made to the property, and the
Comptroller .estimates the profits for the 6rst quarter, ending
Jan. 31, as sufficient to pay the full annual dividend of $400,000
on the preferred stock and a quarterly dividend of $250,000 on
the common, besides leaving a surplus. This is a statement
which will commend to the stockholders the advantages set
24B
forth in the report as secured by the acquisition of the new
properties. President Waterbury gives the facts regarding
the capitalization of the company.
New York Central & Hudson R iver.—The following is the
corrected statement for the quarter ending Dec. 31, the 1891
figures including Rome Watertown & Ogdensburg.
r-Quar. end’g Dec. 31.— —Six mos. end. Dec. 31.—
1890.
1891.
1890.
1891. .
$
$
$
$
Gross earnings........ 9,462,455 12,265,630 18,526,690
24,153,618
Operatingexpenses. 6,285,981 8,347,945 12,523,503
16,004,948
P. c. o f ex. to e a m ..(6 6 -43 p.o.) (68-06 p. c.) (67‘59 p. c.) (66‘26 p. e.")
N et earnings........... 3,176,474
First charges........... 2,114,400
3,917,684
2,465,446
6,003,186
4,196,400
P rofit......................... 1,062,074
1,452,238
Profit, per c e n t ..
(1*19 p. c.) (1-62 p .c .)
D ividen d..................
894,283
1,117,853
Rate o f dividend. (1-00 p. c ) (1 2 5 p. c.)
Surplus......................
167,791
334,385
1,806,786
(2-02 p. c.)
1,788,566
(2 00 p. c.)
18,220
8,148,669
4,932,37a
3,216,293
(3‘59jp. c.)
2,235,707
(2-50 p. o.)
980,586
New York & Northern.—A notice to second mortgage bond
holders says that as the interest upon the second mortgage
bonds o f this company has become a fixed charge upon its
earnings, a meeting of the second mortgage bondholders is
called for Wednesday, March the 2d, to consider the financial
prospects of the company, and such plans and statements as
may be submitted. The notice in full is published in our
advertising columns.
New York Susquehanna & Western.—It is reported that
this company has concluded negotiations for property on
the Jersey shore of the North River necessary for the estab
lishment of its own terminal facilities. The officers and
directors of the company are reticent about the matter. Thè
H erald reports : “ The facts of the case, however, appear to
be that the contract for the sale of thirty-five or forty acres of
shore land just north of the West Shore depot at Weehawken
was yesterday [Jan. 30] executed by the owners of the prop;
erty in question to a syndicate of capitalists representing the
interests of the Susquehanna Road.”
Ohio & Mississippi.—The London Committee of the English
shareholders in the Ohio & Mississippi Railroad Company has
appointed William Bull, Edward B. Bell, John Davis and
Edgar Welles, of New York, and James Wilson of Wilmington,
to co-operate with the London Committee in carrying out the
arrangements authorized by the English shareholders at the
meeting held in London on October 14.
—A t Cincinnati, Feb. 2, the Ohio & Mississippi Railway
Company filed in the Circuit Court its answer in the quo war
ranto proceedings brought by the Baltimore & Ohio Railway
interests. The answer attacks the validity of the election of
directors on the ground that the proxy votes of the stock of
Brown. Shipley & Co., of London, Eng., were illegal, and that
there was a secret purpose to issue new certificates in such a
manner as to transfer to the Baltimore & Ohio the entire con
trol of the Ohio & Mississippi.
Poughkeepsie B ridge—Central New England & Western-^PliilaUelphia & Reading.—A t the annual meeting of the
stockholders of the Central New England & Western, held at
115 Broadway on Wednesday, a new board was elected in the
interest of the Philadelphia & Reading, and at a subsequent
meeting of the board President McLeod, of the P. & R., ways
elected President. On Tuesday next similar action will be
taken by the Poughkeepsie Bridge Company, thus completing
the transfer of the system to the Philadelphia & Reading
under the plan stated in our last issue. The offices will be
transferred to Philadelphia. Some effort was made this week
to obtain more favorable terms for the bridge bondholders,
but without success. There is a good deal of opposition from
this source, but no plan of action has been agreed upon.
B io Grande Western.—A statement of earnings and ex
penses for the first six months of the fiscal year of the com
pany, July 1 to December 31, 1891, is given as follows:
Gi'oss earnings—
F reigh t.................................
Passenger...........................................
E xpress........................................
M ails...........................
M iscellaneous..........................................................
1890.
$829,240
316,109
33,851
16,691
3,760
1891.
$984,864
395,661
41,475
19,640
4,392
Total earnings................................................. $1,139,653
W orking expenses................................................ .
688,943
$1,446,034
85 6,17 2
Net earnings.....................................................
P ercentage o f expenses to earnings.................
IN CO M E ACC OU N T F O R T H E
SIX
M O N TH S,
$510.710
5 7 -42
JULY 1
TO D E C .
$589,86L
5 9 -21
31, 1891.
Receipts from net earnings.................................
Reoeipts from other sou rces...............................
$589,861
4,099
------------------------- $593,961
Payments fo r t a x e s .............................................
$24,964
Insurance..................................................................
2,398
L ocal p ool............................................
3,608
Rental leased lin es................................................
8,344
Interest on #14,000,000 4 per cent toonds___
280,000
i-ive per cent dividend on preferred s t o c k .. . . 156,195
------------------------------------- 475,511
Net credit to incom e fo r the six m on th s..
............
$118,450
St. Joseph & Grand Island.—Union Pacific under its agree
ment with St. Joseph & Grand Island bondholders has deposited with the Central Trust Company $105,000, representing
interest ou the first mortgage bonds for November, December,
and January, at the rate of $35,000 a month. Future deposits,
will be made monthly. This will be acceptable news in Lon
don where many of the $7,000,000 bonds outstanding are held.
THE
244
[VOL. L IY .
OHItONLOLE.
%&poxts anÄ ^ocumßixtö.
S T. LOUIS & SAN F R A N C I S C O RAILWAY.
ABSTRACT OF CONSOLIDATED MORTGAGE DUE 1990.
(Bonds Guaranteed by Atchison by Endorsemei t.)
D A T E AND PARTIES.
The indenture is made the eleventh day of June, 1891, be
tween the St. Loui3 & San Francisco Railway Company, a
corporation duly organized under the laws of the State of
Missouri, party of the first part, and the Mercantile Trust
Company, of New York, party of the second part.
PU RPOSE OP ISSUE A N D A U T H O R IT Y THEREFOR.
It is necessary for the Railway Company to borrow money
for the further completion, equipment and repair of its rail
roads and other property and for the funding and refunding
o f its debts and for the making of additions and extensions to
its railroads and other property authorized by its charter, in
cluding laws supplemental thereto. The Board of Directors
has deemed it necessary to borrow not exceeding $50,000,000
for the purposes aforesaid, and has resolved that bonds be
issued in denominations o f $100, $500 and $1,000, or multiples
thereof, payable in gold in the city o f New York or the city
o f Boston, on the first day of October, 1990, bearing interest
from October 1, 1890, payable semi-annually on the first days
of April and October, at either agency, in like coin or its
equivalent, at the rate of four per cent per annum, and have
interest coupons thereto attached, with provision for the
registration of ownership of the principal of any of said bonds
and with right to the holder to exchange any of said bonds
for registered bonds of the same issue ; and that said bonds
be issued and disposed of from time to time in such manner
that the bonded indebtedness of the Railway Company shall
not be increased to an amount which shall exceed the amount
of its authorized capital, and shall be used for retiring the ex
isting bonds and obligations of the Railway Company and of
other corporations, the payment of the principal or interest of
which has been guaranteed or assumed in whole or in part by
the Railway Company; the remainder of said bonds to be
used for any lawful purposes of the Railway Company. The
■consent of the holders of the larger amount in value of the
stock of the Company to this increase of its bonded indebted
ness and to the issue of the bonds and execution o f this mort
gage has been obtained, at a meeting of its shareholders duly
called for that purpose, and of which due notice was given as
required by law.
(F O R M O F T R U ST E E ’ S C E R T IF IC A T E .)
The M ercantile Trust Company, o f New York, as Trustee, hereby
certifies that this bond is one of the series o f bonds authorized b y the
M ortgage therein described.
T h e M e r c a n t il e T r u s t C o m p a n y , Trustee.
By
President.
(F O R M O F A T C H ISO N G U A R A N T E E ON E A C H B O N D .)
For value received the Atchison Topeka & Santa Fe Railroad Com
pany guarantees the paym ent o f the principal and interest, as and
w hen the same m atures, o f the within Consolidated M ortgage Four
Per Cent Gold B ond o f the St. Louis & San Francisco Railw ay Com
pany.
In w itness w h ereof it has caused its corporate seal to be hereto
affixed, and this Guaranty to be signed by its Com ptroller
A t c h is o n T o p e k a & S a n t a F e R a i l r o a d C o m p a n y ,
By
------------- Comptroller.
The form o f registered bon d is sim ilar to the coupon with the usual
differences in regard to paym ent o f interest.
P R O P E R T Y CONVEYED B Y TH E MORTGAGE.
In order to secure the payment o f the principal and interest
of all the bonds at any time outstanding, according to the
terms of said bonds and of this mortgage, the Railway Com
pany hereby grants, bargains, sells, conveys, assigns and
transfers to the Trustee, its successors and assigns, the rail
roads and other properties and franchises of the Railway
Company, described as follows :
I.
M ain L in e and Branches.
(1) The railroad o f the Railw ay Company know n as its Main Line
extending from the terminus in the City o f St. Louis, in the State o f
Missouri, to Seneca on the w estern boundary line o f said State, being
three hundred and tw enty-six and twenty-eight one-hundredths
(326-28) m iles in length.
(2) The railroad o f the R ailw ay Company know n as its B olivar
Branch, extending from the City o f Springfield, on said Main Line, to
Bolivar, in the State o f Missouri, being thirty-eight and seventy-nine
one-hundredths (38‘79) m iles in length.
(3) The railroad o f the R ailw ay Company know n as its Chadwick
Branch, extending from the C ity o f Springfield, on said Main Line, to
Chadwick, in the State o f Missouri, being thirty-four and eighty-six
one-hundredths (34-86) m iles in length.
(4) The railroad o f the R ailw ay Company know n as its G ranby
Branch, extending from Granby Junction, on said Main Line, to
Granby, in the State o f Missouri, being one and fifty one-hundredths
(1-50) m iles in length
(6) The railroad o f the R ailw ay Company know n as its T exas Line,
extending from M onett. on said Main Line, through the State o f Mis
souri, to the State o f Arkansas, and through the State o f Arkansas to
the Indian Territory, and through the IndiaD Territory to the R ed
River, being tw o hundred and eighty-five and seventy-nine one-hun
dredths (285‘79) miles In length, the said m ileage exclu din g the bridge
across the Arkansas River and its approaches, w hich are hereinafter in
cluded with the leased properties of the said R ailw ay Company.
(6) The railroad o f the R ailw ay Company known as its P ow ell
Branch, exten din g from F ayetteville, on said Texas Line, in the State
(F O R M O F CO U P O N B O N D .)
o f Arkansas, to Pow ell, in said State, being tw enty five and sixty-one
U N ITED STATES OF AM ERICA.
one-hundredths (25 6 1) miles in length.
(7) The railroad o f the R ailway Company know n as its Kansas Line,
S t . L o u is & S a n F r a n c is c o R a i l w a y C o m p a n y .
extending from Pierce City, on said Main Line, in the State o f Mis
No.
C onsolidated M ortgage G old Bond.
¥
souri, through said State, and through the State o f Kansas by w ay o f
For value received, the St. Louis & San Francisco R ailw ay Company Oswego to Wichita, in the State o f Kansas, being tw o hundred and
seventeen and forty one-hundredths (217-40) m iles in length.
prom ises to pay to the bearer or registered holder hereof
(8) The railroad o f the R ailway Company know n as its Oronogo
dollars on the first day o f October, in the year one thou
sand nine hundred and ninety, and to pay interest on said sum at the Branch, extending from Oronogo, on said Kansas Line, in the State o f
rate o f fou r per centum per annum on the first day o f A p ril and the Missouri, to Joplin, in the State o f Missouri, being nine and thirty-tw o
first day o f October in each year, the said interest running from the one-hundredths (9 32) m iles in length.
(9) T he railroad o f the R ailw ay Com pany know n as its Galena
first day o f O ctober, 1890, upon presentation and surrender o f the
coupons hereto annexed, as they severally becom e due, and until said Branch, extending from Carl Junction, on said Kansas Line, in the
prin cipal sum is paid; both principal and interest being payable at the State o f Missouri, b y w ay o f Joplin, to Galena, in the State o f Kansas,
agen cy o f said Company in the c it y o f N ew Y ork or in the City o f B os including a belt line o f railroad at Joplin, being in all seventeen and
ton , in gold coin o f the United States o f A m erica o f the present stand twenty-nine one-hundredths (17‘ 29) m iles in length.
(10) 'lh e railroad o f the R ailw ay Company know n as its Girard
ard, or in its equivalent, and w ithout deduction fo r any ta x which
said Company may be required to pay thereon or to retain therefrom Branch, extending from Carl Junction on said Kansas Line, in the
b y any present or future law , said Com pany hereby agreeing to pay State o f Missouri, through said State, to Girard, in the State o f Kansas,
being twenty-nine and fourteen one-hundredths (29 14) m iles in length.
every such tax.
(11) The railroad o f the Railw ay Company know n as its Carbon
No recourse shall be had fo r the paym ent o f the principal or interest
o f thi3 bond to any stockholder, director, or officer o f said Company, Branch, extending from Litchfield Junction, on said Girard Branch, in
the State o f Kansas, to Litchfield, in said State, being three and
either directly or through said Company, b y virtue o f any statute or
twenty-five one-hundredths f3*25) m iles in length.
b y the enforcem ent o f any assessment or otherwise.
Said railroads ow ned b y the R ailw ay Company being together nine
This bond is one o f a series o f consolidated m ortgage bonds o f like
tenor and date, lim ited to the am ount o f F ifty Million Dollars, all o f hundred and eighty-nine and twenty-three one-hundredths (989-23)
w h ich are equally secured by a Consolidated M ortgage or Deed of m iles in length.
Trust, dated June 1 1 ,1 8 9 1 , duly executed and delivered b y said St.
II.
L ouis & San Francisco Railw ay Company to the M ercantile Trust Com
P rop erty in Leased Roads.
pany, o f New Y ork, as trustee, m ortgaging the property and franchises
o f said R ailw ay Company therein described, acquired and to be ac
All the property, right, title and interest of the Railway
qu ired; to all the provisions o f w hich m ortgage this bond is subject.
This bond may be registered on the bond transfer books o f said Rail Company in the following railroads and bridge leased by the
w ay Company, at its ageucy in either o f said cities; but the coupons o f Railway Company :
(1) The railroad know n as the Salem Branch, extending from Cuba
the bond shall always be transferable by delivery. A fter a registra
tion, w h ich shall be certified hereon b y the B ond Transfer A gent o f Junction, on the Main Line o f the Railw ay Company, in the State o f
»aid Company, no transfer o f this bond, ex ce p t on such books, shall be Missouri, to Salem, in said State, being, w ith its branches, fifty-four
valid until after registered transfer to bearer, when this bond »hall (54) m iles in length.
again becom e transfeiable b y delivery, but shall remain subject to
(2) The railroad know n as the E llsw orth Branch, extending from
successive registrations; or the holder hereof m ay at any time surren the terminus o f said Kansas Line, at Wichita, in the State o f Kansas,
der this bond, with the annexed coupons, to said Railway Company to to Ellsworth, in said State, being one hundred and seven and tw enty
be canceled, and receive in exchange therefor a registered bond o f the one-hundredths (107*20) m iles in length.
(3) The railroad know n as the Cale Branch, extending from B eau
sam e issue, fo r the same am ount, with like interest payable to the
registered holder.
m ont, on said Kansas Line, in the State o f Kansas, to Cale, on the
This bond shall be valid only when authenticated b y the certificate boundary line o f the Indian Territory, being sixty-one and eighty-six
hereon o f the Trustee o f said M ortgage that the bond is one o f the one-hundredths (61-86) m iles in length.
(4 ) The railroad know n as the A nthony B ranch, extending from
series o f bonds authorized b y the M ortgage herein described.
In witness w hereof, said R ailway Company has caused its corporate Arkansas City, on the said Cale Branch, in the State o f Kansas, to
seal to be hereto affixed and this bond to be signed b y its Vice-Presi Anthony, in said State, being fifty-nine and thirty-five one-hundredths
dent or C om ptroller and attested b y its Treasurer, and has caused (59‘ 35) m iles in length.
interest coupons to be annexed, w ith a fac-sim ile o f the signature of
(5) The bridge across the Arkansas R iver, in the State o f Arkansas,
its Treasurer engraved thereon, this first day o f O ctober, 1890.
from the north bank to the south bank o f said river, join in g the tw o
portions o f the R ailw ay Company’ s Texas Line abutting at the said re
S t . L o u is < Sa n F r a n c is c o R a i l w a y C o m p a n y .
fc
spective banks o f said river, and the railroad track thereon, being
thirty-four one-hundredths (0-34) m iles in length;
By
Said railroads i<nd bridge leased to the R ailw ay Com pany being to
Viee-President.
gether tw o hundred and eighty-tw o and seventy-five one-hundredths
A ttest :
m iles in length.
Treasurer.
(S e a l .)
(F O R M O F C O U P O N .)
On the first day o f (April or Ootober), 18 , the St. Louis A San
F rancisco R ailw ay Com pany w ill p ay to bearer
D ollars in gold com o f the U nited States o f A m erica, or in its equiva
lent, at the A gency o f said Company in the city o f N ew Y ork, or in the
c ity o f Boston, being six m onths’ intereston its Consolidated M ortgage
B ond No.
-----------------, Treasurer.
III.
Roads Operated, N ot Leased.
All property, right, title and interest of the Railway Com
pany in the following railroads operated on account of the
Railway Company otherwise than under leases :
(1» The railroad know n as the Springfield Connecting R ailw ay, ex
tending from said Main Line at the City o f Springfield, in Missouri,
THE
Ft BRUARY 6, 1892.]
215
C H R O N IC L E .
around said city to said Main Line, being three and eighteen one-hun
dredths 3 18) m iles in length.
(2» The railroad know n as the St. Paul B ranch, exten din g from the
term inus o f the P ow ell Branch, at P ow ell, in the State o f Arkansas, to
St. Paul, in said State, being seven and sixty-eight one-hundredths
(7*68) m iles in length.
(3) The m ilroad know n as the Mansfield Branch, exten din g from
Jenson, on said Texa* Line, in the State o f Arkansas, to Mansfield, in
said State, being eighteen and thirty-four one-hundredths ( 18'34)
m iles in length.
(4) The railroad know n as the Paris & Great N orthern Railroad, ex
tending from th« terminus o f said T exas Line, in the Indian Territory,
at the Red River, across the R ed River and into the State o f i exas, to
Paris, in said State, being sixteen and ninety-four one-hundredths
(16’94) m iles in length.
'
,
(5) The railroad known as the W eir City Branch, extending; from
Pittsburg, on said Girard Branch, in the State o f Kansas, to W eir City,
in said State, being eight and eighty-one one-hundredths (8*81) m iles
in length.
Said railroads operated on account o f the said R ailw ay Company, other
wise than under leases, being together fiftr-fou r and ninety-five onehundrruths (54’95) miles in length, m ak ng the total m ileage o f said
railroads and bridge owned, leased by or operated on accoun t o f said
R ailw ay Company thirteen hundred and tw enty-six and ninety-three
one-hundredths (1,326‘93) miles.
3. All the right, title and interest of the Railway Company
in the bonds of other companies owned by the Railway Com
pany and pledged with the Union Trust Company o f New
York, under a trust indedture dated December 15, 1887, as
follow s:
Am ount
Company.
Description o f Bonds.
at Par.
Springfield C onnecting Ry. C o ......... First M ortgage, 5 per cent $64,000
Fayetteville & Little Rock RR. Co. First Mortgage, 5 per cent 154,000
Little R ock & T exas R y. C o.......... First 'ortg ag e, 5 per cent 367,000
Paris & Great Northern R R . C o... First M ortgage, 5 per cent 339,000
Pittsburg & Columbus R y. Co— First M ortgage, 5 per cent 176,000
‘ VII.
Franchises.
All franchi-es, and all powers, rights, privileges, immunities,
and exemptions which the Railway Company now owns, and
all which it shall at any time acquire.
VIII.
A ll P roperty Acquired.
All other property, of whatever description, now or here
IV.
after acquired, in extension of or appurtenant or incidental to
any of the railroads or property covered by this Mortgage.
Other R ailroad P rop erty, Appurtenances, Equipm ent, &c.
All other railroads and leasehold interests and other interests in ra il
IX.
roads w hich the Railway Company now owns, and all w h ich it shall a t
any tim e acquire ;
A ll telegraph and telephone lines, including poles, wires, batteries
and other appurtenance -, telegraph instruments, telephones and other
instruments, which the Railw ay Company now owns, and all w h ich it
shall at any time acquire ;
¡J
. „ 1
A ll ri hts o f way, station, depot and terminal grounds, and all other
lands and interests in lands, excepting lands outside o f the right of
w ay o f the said Railw ay « om pany, granted b y the U nited States o f
A m erica or by the State o f Missouri, and excepting also city and tow n
lots and city and tow n real estate not used fo r railroad purposes,which
are hereby expressly excluded from this m ortgage. A ll tunnels, road
beds, sidings, turn-outs, switches and turn-tables, superstructures,
bridges, stringers, ties, rails and frogs, chairs, bolts, splices and other
railroad appurtenances ; all station houses, depots, warehouses,
engine houses, car houses, w ater stations, m achine shops, office build
ings and other structures; all engines, tenders, cars and other roll.ng
stock aud equipm ent; all furniture, m achinery, tools ahd im plem ents ;
all material* and supplies, and all leases, trackage and traffic agree
m ents, policies o f insurance, aud contracts appertaining or relating to
the said railroads and property w hich the Railw ay Company n ow owns
or which it shall at any tim e acquire.
F uture Incom e.
All future tolls, revenues, income and profits from any
property or franchises at any tim^ covered by this Mortgage.
STOCKS AND BONDS H E R E A F T E R ACQUIRED TO BE
DEPOSITED.
The certificates for all shares of capital stock of other Com
panies, hereby mortgaged, to which the Railway Company
shall at any time acquire title or possession, whether now
pledged or not, shall be deposited with the Trustee under this
Mortgage, except the certificates for such shares as may be
reasonably retained by the Railway Company to qualify
directors; and all bonds of any corporation of which the Rail
way Company shall acquire possession as a muniment of title
to, or to secure or protect its control of any portion of the
railroads or property hereby mortgaged, shall be deposited
with the Trustee under the provisions of this mortgage.
V.
P R IO R LIEN BONDS W HEN SUR R EN D ER E D TO BE CANCELED.
Stocks o f Other Companies.
Whenever all the bonds of any class herinafter named made
and issued by the said Railway Company shall have been sur
rendered to the Trustee in exchange for bonds issued under
this mortgage, except such lost or destroyed bonds for which
indemnity shall have been given, the Trustee shall cancel all
said bonds of such class, and deliver the same, so canceled, to
the Railway Company, and shall cause the mortgage or other
instrument securing the same to be canceled and discharged
of record, provided the Railway Company shall have con
sented in writing to the cancellation and discharge; and the
Railway Company shall so consent upon advice by its counsel
that the security created for said bonds by said mortgage or
other instrument will, upon such caucelation and discharge,
be acquired for the benefit of the bonds issued hereunder.
I. The shares of the capital stock of other companies
owned by the Railway Company and in its possession, as fol
lows (exclusive of shares retained to qualify Directors), all of
forthwith deposited with the
which said shares are to
Trustee:
Shares
Moì'tgaged.
Company.
9,940
Springfield & N orthern Railw ay C o... 9,940
Sprin.field & Southern Railway C o... 5,965
... 5,965
... 34,955
St. Louis Arkansas & Texas R’ y C o.... 34,955
F ort Smith & Southern Railway C o ... 1,630
»...
St. Louis W ichita & Western R ’ y Co... 9,285
...
Joplin R ailw aj Co. (C on solidated».... 7,151
... 10,989
St. Louis Salem & Arkansas R ’y Co_ 10,989
_
a
Kansas Midland Railway C o................. 20.2331
... 20.233^
j.. 10,598
Kansas City & Southwestern RR. C o.. 10,598
)o. 9,926
St Louis Kansa & Southw’rn RR. Co.
... 2,225
W ichita & Western Railw ay Co............ 2,225
... 4,975
F ort Smith & Van Buren Bridge C o..
' "M
A tlantic & Pacific Equipm ent C o......... 1,965
... 1,965
...21,759
A tlantic & Pacific RR. C o...................... 21,759
Shares
Retained.
Total
Issue.
10,000
60
6,000
35
35,000
45
1,675
45
9,590
5
7,160
9
11,000
11
30,042
35
20
12,688
11,908
9
4,ô00
25
5,000
25
4,000
35
797,608
34
2. All the right, title and interest of the Railway Company
in the shares of the capital stock of other companies owned
by the Railway Company as follows exclusive of shares re
tained to qualify Directors), the said shares being now pledged
under a trust indenture between the Railway Company and
the Union Trust Company of New York, dated December 15,
1887.
BONDS OF O TH ER COMPANIES.
Bonds of any company other than the said Railway Com
pany which shall have been surrendered to the Trustee before
maturity in exchange for bonds issued under this mortgage
shall not be canceled, except so far as required by Sinking
Funds, but shall be held and dealt with by the Trustee as se
curity under this mortgage.
BONDS RENEW ED OR P A ID .
VI.
When any bonds hereby mortgaged shall mature during the
existence of the trust hereby created, the Trustee shall, upon
the written request of the Railway Company, con
sent to any renewal or extension of such matur
ing bonds, and shall surrender the same upon re
ceiving the bonds issued in renewal or extension
thereof. The bonds so received shall be held in man
ner aforesaid under the provisions o f this Mortgage.
If any bonds hereby mortgaged are paid during the exis
tence of the trust hereby created, the Trustee shall, with the
approval of the Board of Directors of the Railway Company,
apply the moneys received in payment thereof to the acquisi
tion of any of the bonds or obligations o f the Railway Com
pany or any other bonds or obligations the payment of the
principal or interest o f which has been guar mteed or as
sumed in whole or in part by the Railway Company. The
bonds thus acquired shall be deposited with the Trustee, to be
held with like effect as if surrendered and exchanged for
bonds hereby secured.
Bonds Owned.
HOW BONDS SH A LL B E USED.
Shares
Company.
mortgaged.
Springfield Connecting Railway C o___ 1,965
F ayetteville & Little R ock RR. C o___ 3,255
Little Rock & T exas Railway C o......... 5,365
Paris & Great Northern RR. C o........... 4,955
Pittsburg
Columbus R ailw ay C o___ 1,775
Shares
Shares
retained, outstand’g.
35
2,000
45
3,300
35
5,400
45
5,000
25
1,800
8. All the right, title and interest of the Railway Company
in the shares of capital stock of the- Atlantic & Pacific Rail
road Company deposited by the Railway Oomoany with trus
tees under a voting trust agreement between the Railway
Company and the Atchison Topeka & Santa Fe Railroad Com
pany, dated January 31, 1880, as follows :
Shares
mortgaged.
257,521ia
Company.
A tlantic & P acific R R . Co
Shares
outstand’g.
797,603
F irst.—The Trustee shall from time to time certify and
1. The bonds of the Railway Company and of other com
panies owned by the Railway Company, and in its possession, deliver the bonds issued hereunder to the aggregate amount of
as follows, all of which bonds are to be forthwith deposited $36,074,500 in exchange for or to take up at maturity an equal
amount at par of any of the following bonds and obligations,
with the Trustee.
A m ount with all unmatured and unpaid coupons belonging thereto,
Company.
Description o f Bonds.
at P ar. upon surrender thereof :
St. Louis & San Fran. R y. C o___Land Debentures, 5 p. o. $1,215,000
St L. W ichita & West. R ’y C o.. . . Incom e, guar’nt’ d, 5 p. c.
Kansas Midland Ry. C o................2nd M tge.,Incom e, 6 p. c.
750,000
668,000
2. All the right, title and interest of the Railway Company
in the bonds of other companies owned by the Railway Com
pany and pledged with the United States Trust Company of
New York, under a trust mortgage dated August 1, 1880, as
follow s:
A m ount
Company.
Description o f Bonds.
at Par.
St. L. Ark. & T exas Ry. Co. (of Mo.) .. 1st M ortgage, 7 p. c. $500,000
St. L. Ark. & Texas Ry. Co. (of. A rk .).. l st M ortgage, 7 p. c.
600,000
Joplin Railroad C o . . . . . . . . ................ . . . 1st M ortgage, 7 p. c.
300,000
(1) $5,666,500 in am ount o f the Six Per Cent Bonds o f the R ailw ay
Company, secured b y a M ortgage dated N ovem ber 1, 1876, n ow a first
lien on > original Main Line o f the Railway Company, from Pacific,
he
Missouri, to Seneca, Missouri, and on the Granby Branch, bein g what
are known as “ A ” Bonds, to the am ount ot $500,00 , “ B” B on d s, to.
the amount o f $2,766,500, and “ C” Bonds, to the am ount o f $2 ,400,OOo, payable Novem ber l, 1906.
(2) $1,070,0« 0 in am ount o f the s ix Per Cent Bonds o f the R ailw ay
Company, secured by M ortgage, dated June 1, 1880, now a tt' at lien on
the railroad o f the R ailway Company from Pierce City, M issouri, to
Oswego. Kansas, and from Orouogo, Missouri, to Joplin, Mi souri, pay
able August 1,1919.
(3 *1,140,000 in am ount o f the Six Per Cent B onds o f the R ailw ay
Company, secured by a Trust M ortgage, dated August 1 ,1 8 8 0 , an d the
246
V
r
IP*
.
.
— ................
TH E
~
fVOL. L1Y.
C H R O N IC L E ,
■
■
deposit in trust o f $1,400,000 o f First M ortgage Seven Per Cent Bonds,
niew a first lien on the railroad o f the R ailw ay Company, from Monett,
M issouri, to F ayetteville, Arkansas, from Carl J u n c t i o n , Missouri, to
Girard, Kansas, and from Litchfield Junction, Kansas, to Litchfield,
Kansas, payable August 1,1 920 .
■ . .. _
■
(4) $319,000 in am ount o f the Seven Per Cent B onds o f the Railw ay
Com pany, secured b y an E quipm ent M ortgage, dated June .
K
and n ow a first lien on rolling stock costing m ore than $ l,iu u ,u u u ,
p ayable June 1,1 895 .
_
„
,„
,
.
■ (5) $12,293,000 in am ount o f the F ive Per Cent Bonds o f the Rail
w a y Company, secured by M ortgage, dated Ju ly 1 , 1881, ainhorizing
ah iss u e o f bonds to the am ount o f $30,000,000, o f w hich $17,261,000
in am ount were appropriated and set aside to provide for a like am ount
6 f prior first m ortgage bonds, said M ortgage being now a first lien on
the railroads o f the R ailw ay Company from St. Louis, Missouri, to r a -
Kansas, to Powell, A rkansas; from Joplin, M issouri, to Galena, K an
sas; and the Belt Line R ailroad at Joplin ; and from Joplin, Missouri,
to Carl Junction, M issouri; and on the real estate and terminals o f the
R ailw ay Company at St. Louis, Missouri, and a second lien on six hun
dred and tw enty-four (624) m iles o f additional railroad o f the Railw ay
Company, payable July 1,1 931 .
1
„
(6) $7,807,000 in am ount o f the Six P er Cent Bonds o f the R ailw ay
Company, secured b y the same M ortgage, and b y supplemental M ort
gage, dated June 1 ,1 8 8 2 , payable July 1,1 931 .
(7) $ 165,000 in am ount o f the Six P er Cent Bonds o f the R ailw ay
Company, secured b y E quipm ent Trust, dated A pril 1 .1 8 8 4 , and now
a first lien on rolling stock costing $527,386, p ayable A pril l,
(8) $1,099,000 in am ount o f the F ive Per Cent Bonds of the R ailw ay
Company, secured b y Trust Indenture, dated Decem ber 1 5 ,1 8 8 7 , and
b y the deposit in trust o f First M ortgage F ive Per Cent Bonds to an
equal amount, now a first lien on the follow in g railroads operated on
aeeount o f the R ailw ay Company: The B elt Line Railroad at Springfield, Missouri; the railroad from R ed R iver, Indian Territory, to Paris,
Texas; the railroad from Jenson, Arkansas, to Mansfield, Arkansas;
the railroad from Pow ell, Arkansas, to Bt. Paul, Arkansas, and the
railroad from Pittsburg, Kansas, to W eir City, Kansas; and by the de
p osit in trust o f n ot less than a m ajority in am ount o f the capital stock
o f each o f the com panies whose railroads are so operated and con
trolled, payable October 1 ,1 9 8 7 .
„. x ,
(9) $2 ,0> 0,000 in amount o f the Six Per Cent Bonds o f the St. Louis
W ichita & W estern Railw ay Company, guaranteed and endorsed by
the Railw ay Company, and secured by m ortgage, dated Ju ly 2 8 ,1 8 7 9 ,
now a first lien on the railroad o f the R ailw ay Company from Oswego,
Kansas, to Wichita, Kansas, p ayable Septem ber 1 ,1 9 1 9 .
(10) $453,000 in am ount o f the Six Per Cent Bonds o f the Fort Smith
& Van Buren Bridge Company, guaranteed and endorsed by the
R ailw ay Company, and secured b y M ortgage, dated A p ril 1 ,1 8 8 5 , now
a first lien on the railroad bridge across the Arkansas R iver, betw een
F ort Smith, Arkansas and V an Buren, Arkansas, leased and operated
by the Railw ay Company, payable A pril 1,1 910 .
' l l ) $744,000 in amount o f the Six Per Cent B onds o f the Kansas
City & Southwestern R ailroad Company, secured by M ortgago, dated
January 1 ,1 8 8 6 , now a first lien on the railroad leased and operated
b y the R ailw ay Company from B eaum ont, Kansas, to Cale, Kansas,
payable January 1 ,1 9 1 6 .
_
,
„ ,,
_
(12) $890,000 in am ount o f the Six Per Cent Bonds o f the St. Louis
Kansas & Southwestern R ailroad Company, secured b y Mortgage,
dated Septem ber 1 ,1 8 8 6 , n ow a first lien on the railrqad leased and
operated by the R ailw ay Company, from Arkansas City, Kansas, to
Anthony. Kansas, payable Septem ber 1 ,1 9 1 6 .
(13) $810,0’ >0 in amount o f the Five Per Cent B onds o f the St. Louis
Salem & A rkansas Railway Company, guaranteed and endorsed b y the
R ailw ay Company, and secured b y M ortgage, dated February 1,
1887, now a first lien on the railroad from Cuba Junction, Missouri, to
Salem, Missouri, leased to the R ailw ay com p an y, p ayable D ecem ber 1,
1936.
! (14) $1,60a,000 in am ount o f the F our P er Cent B onds o f the Kansas
Midland Railw ay Company, secured b y a M ortgage dated A p ril 20,
1887. paym ent o f principal and interest guaranteed and indorsed by
the Railw ay Company, now a first lien on the railroad from Wichita,
K a ’ sas, to E llsworth, Kansas, leased and operated b y the R ailw ay
Com pany, payable June 1,1 937 .
—
1
_
..................
'
■
1'-=>
the Railway Company may be required to pay thereon or to
retain therefrom, by any present or future law. As the cou
pons annexed to said bonds are paid, they shall be canceled,
and no purchase of any coupons, nor any advance or loan
thereof, nor redemption thereof, by or on behalf of the Rail
way Company, after tbe same shall have been detached from
the bonds to which they belong, shall keep such coupons alive
or preserve their lien upon the mortgaged property or fran
chises.
CERTAIN P R O P E R T Y COVERED M A Y B E [SOLD IF TH ERE IS
NO DEPAULT.
So long as there is no default in the payment of any interest
or principal of the bonds, or in any of the covenants herein,
the Railway Company shall have the right to dispose of, free
from any lien created by thi3 Mortgage, any materials, rolling
stock, and other movable property which shall have become
old, worn out, unfit for use, or undesirable, or which the'Railway Company shall not need for the proper conduct of its
business ; and shall have the right, twenty days after written
notice to the Trustee of its intention, but subject to the con
trol of the Trustee, by.specific objection in writing given
within that time, to dispose of any real estate or any other of
the personal property covered by this Mortgage not needed for
the proper conduct of the Railway Company’s business, ex
cept railroads and interests in railroads, bonds, capital stocks,
and franchises; and the Railway Company shall, so long as
there is no default as aforesaid, have the right, with the writ
ten consent of the holders of one-third in interest of the bonds
secured hereby then outstanding, to abandon, sell, or other
wise dispose of, with like effect, any part of any of said rail
roads, upon substitution therefor of a line of railroad certified
in writing by the President of the Railway Company, duly
authorized by its Board of Directors, to be a preferable line,
with appropriate rights and franchises, or upon like certifica
tion that such part of any such railroad and the rights and
privileges pertaining thereto are unnecessary for the proper
conduct of the Railway Company’s business; and with the
like consent to sell or otherwise dispose of, with like effect,
any of the bonds or shares o f capital stock then covered by
this Mortgage.
SialfSgl
HOW PROCEEDS MUST BE A P P L IE D .
All proceeds of bonds or shares of capital stock sold or
disposed of as aforesaid shall be paid to the Trustee, to be held
and applied by the Trustee, with the approval of the Board of
Directors of the railway company, to the acquisition of any
bonds or obligations of the railway company now existing or
any other bonds or obligations the payment of the principal or
interest of which has hitherto been guaranteed or assumed, in
whole or in part, by .the railway company. A ll proceeds of
any railroads sold or disposed of as aforesaid shall forthwith
be applied by the railway company, with the approval of the
Trustee, to the substitution of other railroads or otherwise for
the benefit of the mortgaged property. All proceeds of other
property sold or disposed of as aforesaid shall forthwith be
applied by the railway company to the replacement of the
property so sold or otherwise for the benefit of the mortgaged
property. Any property acquired with the proceeds of any
sale of property covered by this mortgage, and any railroad or
To R etire A tla n tic & Pacific Seconds.
other property »ubstituted for any railroad or other property
Second.—The Trustee shall also certify such an amount of covered hereby, shall forthwith be subject to the lien and pro
the bonds issued hereunder as may be necessary for the pur visions of this mortgage.
pose of acquiring or retiring, on such terms as the Board of
MUST K E E P INSURED
Directors of the Railway Company shall approve, Western
The railwav company shall properly maintain all railroads
Division Second Mortgage Six Per Cent Bonds of the Atlantic owned or operated by it, and all other property at any time
& Pacific Railroad Company, to the amount of $2,800,000, covered by this mortgage, repairing, renewing and replacing
guaranteed and endorsed by the Railway Company, and all the same as may be necessary, and shall keep said railroads
unmatured and unpaid coupons belonging thereto.
supplied with sufficient equipment, and shall keep all wooden
F or Other Purposes.
bridges and trestles, and all buildings and furniture, cars and
T h i r d . —The remainder of the bonds authorized to be issued other equipment, machinery, tools and implements covered by
under this mortgage may be used by the Railway Company for this mortgage properly insured against loss or damage by fire.
funding any of its debts not hereinbefore specified, and for Should the railway company fail to effect such insurance, the
making additions and extensions to its railroads authorized by Trustee may insure such property in like manner. The pro
its charter, including any laws supplemental thereto, and for ceeds of any policy of insurance snail be applied by the rail
any lawful purposes of the Railway Company, and shall be way company to the replacement or reconstruction of the de
certified by the Trustee and delivered to the Railway Company stroyed or damaged property, or otherwise for the benefit o f
from time to time, whenever the Board of Directors of the the mortgaged property.
Railway Company shall so determine and request by vote, IN CASE OF DE FA U LT P R IN C IP A L M A Y BE D E C L A R E D D U E
stating the amount of bonds required and the purpose or pur
If default be made in the payment of any interest and con
poses for which the same are to be used.
tinue for six months after the Trustee shall have made written
Whenever any of the bonds for the retirement of which pro demand of payment, the principal of all bonds then
vision is made by this mortgage shall be paid by means of a outstanding shall become due at the election and upon the
Sinking Fund, an equal amount at par of bonds secured by declaration of the holders of the create ramount of said bonds,
this mortgage may be issued.
made as hereinafter provided and filed with the Trustee ; and
TRUSTEE NOT RESPONSIBLE FOR USE OF BONDS.
the holders of the greater amount o f said bonds may, at any
The Trustee shall not be responsible for the use made by the time thereafter, until a sale of the property and franchises
Railway Company of any bonds secured by this mortgage, but secured by this Mortgage, in like manner reverse any such
the Railway Company shall, within one year after receiving declaration, or again declare such principal to be due, and
any such bonds, make a report to the Trustee in writing of the said principal shall cease to be due or shall become due ac
disposition thereof, which report shall be accessible at all times cordingly. But upon any sale of the property and franchises
secured by this Mortgage, the principal of all the bonds se
to any owner of bonds secured by this mortgage.
cured hereby, then outstanding, shall become due, it not
BONDS LOST OR DESTROYED.
If any bond issued hereunder shall be mutilated, lost or deA already due by the terms of the bonds or by declaration as
stroyed, the Railway Company may, upon terms and cond - herein provided.
tions prescribed by its Board of Directors, issue in lieu thereof TRUSTEE M A Y E N TER ON REQUEST OF A M A JO R IT Y O P
BONDHOLDERS.
a new bond of like tenor, amount and date, and bearing the
If default be made in the payment of any interest or the
sapxe serial number, which bond, when so issued, shall be cer
principal of any of the bonds secured by this Mortgage or m
tified by the Trustee.
any of the covenants herein, and continue for six months after
COUPONS P A ID SH A LL BE CANCELED.
,The Railway Company shall pay the interest according to the Trustee shall have made written demand of payment or
the terms of the bonds, without deduction for any tax which performance, the Trustee shall, upon request of the holders of.
EBRUAKY
THE
6, 1892.]
C H R O N IC L E .
the greater amount of the bonds secured by this Mortgage,
then outstanding, but not otherwise, and upon reasonable in
demnity, enter upon and take possession of all the railroads
and other property, and shall operate said railroads and re
ceive all tolls, rents, income and profits from said railroad and
other property, and the interest upon all bonds and the divi
dends upon all shares of capital stock then held by the Trustee
under tbe provisions of this Mortgage, and after paying all ex
penses and prior charges shall apply the net income to the
payment of interest due or becoming due on bonds secured by
this Mortgage, in the order in which such interest shall have be
come due, ratably to the persons entitled to such interest; and
to apply any remainder of said income to the payment of the
principal of said bonds, if then due, with all interest accrued
and unpaid thereon.
If at any time after such entry all interest due on the
bonds shall have been fully paid out of the net income of said
railroads and other property, and the principal of said bonds
shall not be due, the Trustee shall restore said railroads and
other property to the company.
W HEN TRU STEE M A Y SELL.
If default be made in the payment of any interest or prin
cipal, or in any of the covenants herein set forth, and con
tinue for six months after the Trustee shall have
made written demand of payment or performance,
the
Trustee
shall,
upon request of
the
holders
of the greater amount of the bonds then outstand
ing, but not otherwise, and upon reasonable indemnity, cause
all of the railroads and other property then secured by this
Mortgage, including all shares of capital stock and bonds held
in trust, to be sold as one property, at public auction, at the
City of St. Louis, in the State of Missouri, after giving notice
of the time, place and terms of sale by publication thereof in
each of the cities of St. Louis, New York, Boston, and in
London, England, at least once a week for three successive
months, in one of the principal daily newspapers of general
circulation. After paying ail expenses, so much of the pro
ceeds of said sale a3 may be necessary shall be applied to the
payment of principal and interest of the bonds; and any sur
plus to the Railway Company or to whomsoever shall be en
titled to receive the same.
FORECLOSURE PROCEEDINGS.
If default be made in the payment of the principal or in
terest, or in any of the covenants herein set forth, and con
tinue for six months, the Trustee may begin foreclosure or
other appropriate proceedings, in any proper court, and upon
the request of the holders of the greater amount of bonds then
outstanding, and upon reasonable indemnity shall proceed to
enforce the remedy by foreclosure or other appropriate pro
ceeding
COM PANY M A Y W A IV E THE S IX MONTHS’ PROVISION.
In case of GAgp default the Railway Company may, by
vote of its Boajf. of Directors, waive the provisions herein
contained in regard to continuation of default for six months
before enforcement of remedies, and the Trustee may, immemediately upon the waiver, take action.
247
TRUSTEE M AY CALL MEETINGS ON REQUEST OF ON E-FIFTH
The Trustee may at any time call a meeting of the holders
of bonds for action under the provisions of this Mortgage,
and shall call such a meeting upon the request of holders o f
not less than one-fifth in amount of bonds outstanding ; and
such holders may themselves call such a meeting upon failure
o f the Trustee to com ly promptly with such request. Every
such meeting shall be held in the City of New York, unless
otherwise directed by such bondholders.
RESIGNATION
OF TRUSTEE A N D M ETHOD
APPOINTM ENT.
OF
NEW
The Trustee may resign by notice in writing to the Railway
Company given at least three months before the resignation
is to take effect, unless shorter notice be accepted by the Rail
way Company.
Whenever a vacancy shall occur in the office of Trustee, the
Railway Company shall forthwith appoint a new Trustee by a
written instrument duly acknowledged and filed with the
Trustee so appointed. Notice of the appointment shall imme
diately be published at least once a week for six successive
weeks, in each of the cities of St. Louis, New York and
Boston, and in London, England, in one of the principal daily
newspapers of general circulation. Unless the holders of the
greater amount then outstanding shall, within sixty days
from the date of the last publication of such notice, file with
the Railway Company an objection made as hereinbefore pro
vided, said appointment shall be considered as confirmed.
If such objection be so filed, the Railway Company shall
thereupon apply to the Circuit Court of the United States for
the District including the District of St. Louis for the appoint
ment of a new Trustee. If a vacancy in the office of Trustee
shall remain unfilled for thirty days, any holder of a bond
may, on not less than ten days’ notice to the Railway Com
pany, apply to such Circuit Court for the appointment of a
new Trustee. Every new Trustee, however appointed, shall
be a trust company incorporated under the laws of the State
of New York and having its principal place of business in the
City of New York, or incorporated under the law s of the
Commonwealth of Massachusetts and having its principal
place of business in the City of Boston.
The Trustee shall not be liable for any error made by it in
good faith, but only for gross negligence or wilful misconduct
in its discharge of the duties of Trustee.
I n witness whereof , each of the parties hereto has caused
its corporate seal to be hereto affixed and attested by its Sec
retary or Assistant Secretary, and this instrument to be signed
by its President, as of the day and year first herein written.
St . L ouis & San F rancisco R ailw ay Company .
By
A. Manvel, President.
Attest:
H. W . Gardiner, Secretary.
The Mercantile Trust Company .
By
Louis F itzgerald , President.
Attest:
Clinton H unter, Assistant Secretary.
R IG H T OF ACTION IN TH E TRUSTEE ONLY.
All bonds secured by this mortgage shall be subject to the
N A TIO N AL C O R D A G E CO M PAN Y.
condition that every right of action at law or in equity, upon
any of the bonds or coupons, or growing out of any provision
of this mortgage, including the right to foreclose this ANNUAL REPORT FOR THE YEA R ENDING OCT. 81,1891.
mortgage, is vested exlusively in the Trustee until
the Trustee shall refuse or neglect to begin foreclosure or other To the stockholders o f the N ational Cordage Com pany :
I take pleasure in submitting herewith the reports of the
appropriate proceeding in a proper court, within a reasonable
time after request of the holders of the greater amount of bonds Financial and Manufacturing Directors for the fiscal year of
the Company ending October 81st, 1891 :
outstanding, with offer of reasonable indemnity.
R E PO R T OF TH E F IN A N C IA L DIRECTO R.
NO B E N E FIT FROM STAY LAWS.
The railway company irrevocably waives all benefit of any To the. D irectors o f the N ational Cordage C om p a n y:
I herewith submit the report of the Comptroller for the
valuation, stay, extension or redemption law, and irrevocably
waives all right to have the mortgaged property and franchises fiscal year ending October 3lst, 1891, as follows :
¡C o m p t r o l l e r ’ s R e p o r t
marshalled upon any sale thereof, and consents that the same
ASSETS
he sold as one property.
TRUSTEE M AY PURCH ASE AND R E O RGAN IZE
At any sale of the property the Trustee shall, upon request
of the holders of the greater amount of bonds then outstand
ing, and upon proper indemnity, bid for said property. In case
the Trustee shall purchase, the Trustee shall also, upon like re
quest, proceed to incorporate and organize a new corporation
under the laws of the State of Missouri, upon such terms, con
ditions and limitations, and with such provisions for all or any
of any class of creditors interested in said mortgaged prop
erty and fracnhises as the holders of the greater amount of said
bonds shall determine, and as shall be allowed by law. The
Trustee shall thereupon convey the property so purchased to
said corporation accordingly.
ALL
REQUESTS,
& 0., B Y BONDHOLDERS
ACKNOWLEDGED.
MUST BE
Any declaration, request or objection herein provided to be
made by the holders of bonds shall be by instrument or similar
instruments in writing, signed by the bondholders or their
attorneys duly authorized for the purpose, and proved in
each case by the certificate of an officer authorized to take
acknowledgments that the person signing the same acknowl
edged the execution thereof, and made oath before such officer
to the ownership of the bonds by the person claiming to own
them. With respect to every declaration, request and objec
tion, the Trustee may require all persons claiming to be owners
to produce their bonds or give other evidence of ownership
satisfactory to the Trustee.
Quick Assets—
M erchandise.................................................. $3,143,793 06
A ccou nts and hills receiv a b le.................. 2,657,576 04
540,251 0 4 - $6,341,620 14
('a s h .................................................- ...........
R ea lesta te, buildings, m achinery and
17,077,500 00
leaseholds...................................................
$23,419,120 14
L IA B IL IT IE S .
A ccounts and bills payable
Preferred stock .....................
Common S tock......................
$4,712,806 69
5,000,000 00
10, 000,000 00
Surplus.
$19,712,806 69
3.706,313 45
$23,419,120 14
P r o f it
and
L oss A c c o u n t
fo r the
Y ear.
Profit on operations fo r th « y ea r........................................... $J>406,313 45
Dividends p a id ........................................... - - - - - .................... 1 ,3 0 0 ,0 0 0 OO
B alan ce......................................... - ........................—••........
$106,313 45
B e n j a m in S e a w a r d , C om ptroller.
It will thus be seen that, notwithstanding the severe com
petition during the year and a declining hemp market, which
still further reduced profits, the results of the business have
been fairly satisfactory.
, <..
I should like to call attention to the fact that, up to this
time, the officers of the company who are Directors have
never received any salary for their services. Being large
stockholders and vitally interested in seeing that the company
was placed on a sound and substantial basis, they have volun
í 248
THE
0H K 0N 1C LE.
tarily given their entire time to its service. This work has
now been satisfactorily accomplished and the business greatly
increased and improved by the acquisition of new properties.
I therefore think it proper to recommend that, for the current
fiscal year, the officers of the company should be paid salaries
commensurate with the importance of their duties.
Owing to the present low prices of raw materials and the
great economies introduced in the manufacture and distribu
tion of our goods, the present year should be a very profitable
one, and while placing no additional burdens upon the con
sumer should afford the Company much larger returns than
previous years.
It is very difficult at this time to give an accurate estimate
of the profits of the business for the quarter ending Jan. 31st.
I feel safe in stating, however, that, after deducting expenses,
rentals and all fixed charges, these profits will be found suffi
cient to pay the entire annual dividend of $400,000 on the
preferred stock and a quarterly dividend of $250,000 on the
common stock, besides leaA ing a large surplus. '
E. M. Fulton, Financial Director.
R E PO R T OF TH E M AN UFACTU RIN G DIRECTOR.
To the D irectors o f the N ational Cordage C om pany :
I beg to submit to the Board of Directors a report of the
physical condition of the properties under its control.
Much care has been devoted to improving the different
mills, and to placing all as far as possible upon a plane of
equal efficiency. Results have been most flattering in this
respect. A large decrease in the cost of production has re
sulted and constant comparisons of the workings o f the dif
ferent mills have enabled us to adopt the best methods of
manufacture to ensure the highest results. This would have
been impossible of accomplishment had the various proper
ties now owned by the company still remained in the control
o f the separate organizations which heretofore managed
them. W e have now reached the position of being able to
manufacture at a much lower cost than ever before. I have
been unable to find that any independent mill, previous to
our acquisition of that property, was able to manufacture at
anything like the low cost of production we have succeeded
in securing for the combined properties under your control.
Betterments to the mill properties have placed them in the
highest possible physical condition. The buildings are gen
erally in first-rate order,and all machinery—whether in use or
idle—has been fully repaired and made capable of running
without interruption, thus bringing all the plants up to a
state of the highest efficiency.
I have the fullest confidence that the current year will show
large additional reductions in operating expenses, and what
ever has been accomplished in the short period while the new
mills have been in operation under our control, will be im
proved upon when continuous and uninterrupted running
shows their results.
G. W eaver L oper, Manufacturing Director.
[VOL. L IV .
main office of the Company. The headquarters of the various
department managers are at New York, Boston, Cincinnati
and Montreal, and the Company has branch offices at these
places.
The other departments of the business, such as the pur
chasing of the raw materials, the sale of the product, the in
surance department and the accounting department, are ad
ministered from New York, while the Bureau of Transporta
tion is located at Cincinnati, which was found to be the best
point for that purpose.
The many inquiries which have been made about thé organ
ization of the Company and its issue of stock seem to require
an authoritative statement regarding these matters.
The Capital Stock o f the corporation is $15,000,000, divided
into 50,000 shares of 8 per cent Cumulative Preferred Stock of
$100 each, and 100,000 shares of Common Stock of $100 each;
all of which has been issued as full-paid stock.
The Company has no bonded or mortgage debt, and the
creation of any such debt, except with the consent of holders
of record of at least 80 per cent of the Preferred Stock, is pro
hibited.
The Preferred Stock is entitled to a preferential cumulative
dividend o f 8 per cent per annum, payable out of the net earn
ings of the Company before any dividends are paid upon the
Common Stock; and the Preferred Stock also has priority over
the Common Stock in respect of all property and assets in case
of liquidation or dissolution.
After the payment of 8 per cent cumulative on the Pre
ferred Stock and 12 per cent on the Common Stock, any fur
ther dividends have to be divided pro rata between the two
classes of stock.
The two classes of stock have the same voting power per
share.
The dividends on both classes of stock are payable quar
terly on the first days of November, February, May and August
in each year.
Both classes of stock are registered at the office of the
Farmers’ Loan & Trust Company, and are listed on the regular
list o f the New York Stock Exchange, having passed the
scrutiny of the Governing Committee of the Exchange.
The organization of the Company and the legal validity of
its stock issue were in October, 1890, submitted by the Bankers
who offered for sale the Preferred Stock of the Company to
their counsel, and approved, as will appear from the follow
ing opinions:
New Y ork , Oct. 9th, 1890.
To Messrs. A ugust B elmont & Co :
W e have, as requested by you, examined the organization of
the National Cordage Company, and its issue of preferred
stock. It is our opinion that the organization is regular and
the stock issue valid ; and that the holders of said stock will
be legally secure in the rights and immunities set forth in
your prospectus of this date.
The Board of Directors fully concur in the views taken of
Signed, Low rey , Stone & A uerbach.
the present condition and future prospects of the corporation
by the foregoing reports.
New Y ork , Oct. 9th, 1890.
Many of the properties now owned or controlled by the
•Company, including all the mills in Canada, and several of Messrs. V ermilye & C o .:
Gentlemen : W e have investigated the organization of he
the largest mills in Boston and in the West and Southwest,
came under its control about the 1st of November, 1891. Con National Cordage Company, and the proceedings attending its
sequently the profits shown by the Financial Director’s re issue of preferred stock.
W e advise you that the organization of the company and
port merely represent the profits of the mills formerly owned
by the Company, whereas now its manufacturing capacity has the issue of preferred slock are valid in law, and that the
been very largely increased and its earnings should be in holders of such stock will be entitled to the privileges and im
munities stated in the prospectus.
creased correspondingly.
Very truly,
By the acquisition of more properties, three great material
(Signed) Butler, Stillman & H ubbard.
advantages were secured for your Corporation.
It will thus be seen that the National Cordage Company is n ot
F irst.—A large and more economical distributing power.
S econd.—Lower raw material consequent upon the absence a trust, but a regular corporation, with the protection af
o f speculation and competition in the fibre markets by the forded by the laws of the State of New Jersey; and further
various concerns, corporaté and individual, which have been its capital stock cannot be increased without the consent of
the stockholders, as required by law.
absorbed by your Company.
The stock of the corporation is widely distributed, the total
T hird .—Cheaper cost of production: (a). By comparisons and number of stockholders being at the last closing of the books
the introduction in all the mills of the best methods found nearly one thousand, a considerable amount of stock being
in each. (b). By spreading the fixed charges over a larger held by investors in Europe and Canada.
output, (c). By concentrating the purchase of the manu
J ames M. W aterbury , President.
facturing supplies for all the mills; thereby securing them
at the lowest possible prices, (d). By manufacturing for
ourselves the principal supplies used by the Company.
—Attention is called to the card of Messrs. Cahoone &
Through these advantages, secured by the control of many Wescott. This firm has been favorably known for the past
mills, and their management under one direction, the Com ten years in Wall Street, both gentlemen being members of
pany hopes to be enabled to secure an increased margin of the New York Stock Exchange.
profit without increasing the prices of its product to the con
—Metropolitan Traction (Broadway Cable) stock is active in
sumer.
The properties now owned and controlled by the Company the Philadelphia market, selling yesterday at 99%, as against
aie situated in many States in this country and the provinces 79)^ last month. The rise is said to be due to the maturing of
o f Canada, and are forty-nine in number. Some of the plants plans by which a cable system will connect the Pennsylvania
-are very extensive, as may be judged from the fact that the RR. ferry and the Grand Central Station in New York City.
walks in which the large sizes of ropes and cables are made
— The New Jersey Title Guarantee & Trust Company of
are nearly one-third of a mile in length, and our largest plants Jersey City acts as transfer agents, etc., for corporations
occupy acres upon acres of land which are constantly increas organized under the laws of New Jersey, and provides rooms
in g in value.
for meetings of stockholders, and offices which can be used as
The geographical situation of the mills has rendered ad a principal place of business in New Jersey.
visable a division into four, general departments of the prop
—Investors in quest of 5 per cent to 7 per cent 1st mortgage
erties of the Company, viz.: The New England Department,
the Eastern Department, the Western Department, the Can railway bonds or 5 per cent guaranteed stocks are invited to
adian Department, each division being in the general charge notice the advertisement of Messrs. Hollister & Babcock in
o f a department manager, who acts under directions from the to-day’s C h r o n i c l e .
THE
F ebruary 6,1892,]
i249
C H R O N IC L E .
C
jin x e s *
O
T T O
N
.
F riday , P. M., February 5, 1892.
The Movement of the Crop , as indicated by our telegrams
COMMERCIAL EPITOME.
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 166,548 bales,
Friday Night , Feb. 5,1892.
against 130,607 bales last week and 102,638 bales the previous
W e are having pleasant winter weather, and preparationg week, making the total receipts since the 1st of Sept., 1891,
for the opening of active spring trade have made good prog 5,594,088 bales, against 5,422,507 bales for the same period of
ress. There have been further and important declines in 1890-91, showing an increase since Sept. 1.1891, o f 171,581 bales.
cotton and wheat, under excessive supplies and unfavorable
Receipts at—
Tues.
Wed. Thurs.
Sat.
F ri.
Total.
Ifon.
foreign advices, causing great discouragement among opera G alveston......... 2,403 5,392 2,613 5,016 5,163 4,463
25,050
tors for the rise, and involving them in severe losses. There
E l Paso, & o...
976
635
1,611
was some recovery in wheat, but the position of cotton seemed Blew O rlea n s... 22,124 6,417 17,562 10,410 6,149 7,387 70,049
864
261 1,183
556
6,754
hopeless. Congress makes no progress with measures affect M obile................ 1,362 2,528
F lorid a..............
2
2
ing taxation or public finances.
S avan nah......... 3,168 3,171 3,002 1,681 1,224 1,769 14,015
The following is a comparative statement of stocks of
B runsw’k, &c. . . . . . .
.........
......
2,794
2,794
......
......
leading articles of merchandise at dates given :
C harleston.......
1,212 2,455
711 1,191 1,085 1,202
7,856
1892.
Jan. 1.
1892.
Feb. I.
P o r k . . . . . . . . . . . . . . . . . . . ....... bills.
L ard ..........................................tea.
Tobacco, domestic . . . . . . . . bbds.
T obacco, foreig n ................bales.
Coffee, R io ............................ bags.
Coffee, other.........................bags.
Coffee, Java, &o..................mats.
Sugar.....................................hhds.
S u g a r................................. boxes.
Sugar..............................bags, &c.
M elado............................ .hhds.
Molasses, fo r e ig n .............. hhds.
Molasses, d o m e stic.............bbls.
H ides........................................ No.
C otton.................................. bales.
R osin....................
bbls.
Spirits turpentine. . . . . . . . . .bbls.
bbls.
T ar.............................
Rice, E. I ...............................bags.
Rice, d om estic.................... pkgs.
Linseed..................................bags.
Saltpetre............................... bags.
Jute bu tts............................bales.
Manila h e m p ..................... bales.
Sisal hem p.......................... bales.
F lour................. bbls. and sacks.
25,539
40,254
17,316
30,661
109,661
15,621
41,718
236
None.
231,673
None.
125
19,500
319,100
384,427
30,111
1,835
1,213
1,100
14,000
20,300
Nòne.
2,100
188,650
24,153
39,598
18,009
31,534
231,845
8,793
43,233
706
None.
275,697
None.
None.
11,500
253,100
320,839
26,614
1,815
796
35,500
4,500
1,100
15,500
38,000
None.
5,200
176,830
1891.
Feb. 1.
23,988
66,812
24,916
32,370
150,230
6,076
62,081
728
None
244,446
None.
None.
20,00u
625,800
113,879
24,737
2,283
912
5,000
5,000
None.
13,500
52,000
2,707
5,187
278,300
Lard on the spot has been dull, but closes quite dull
at 6,35c.@6*40c. for prime City, 6,7i 3^c.@6,80c. for prime
7
Western and 6*90c.@7.15c. for refined for the Continent. The
speculation in lard for future delivery has been inactive, but
to-day prices were slightly dearer in sympathy with the bet
ter grain markets, which kept the offerings on sale within
narrow limts.
DAILY CLOSING PRICES OF LARD FUTURES.
Sat.
February delivery.........c. 6-77
M arch delivery................ c. 6'82
May d elivery....................o. 6-93
Mon.
6-75
6 81
6-98
Tues.
6-75
6 79
6 95
Wed.
6 67
6-73
6-88
Thur.
6 74
6-77
6*93
Fri.
6 75
6-80
6-95
Pork is unchanged. Cut meats have rather favored buyers, and pickled bellies close unsettled. Tallow is lower at
±% c. Butter has slightly declined. Cheese is firmer at 10%c.
@ 123^c. for State factory, full cream.
Coffee on the spot has continued in active demand and
values have made a further improvement. Rio No. 7 is quoted
at 14%c. The sales to-day included Rio No. 7 to arrive at 14
@ 1434c. Mild grades have been quiet but steady ; good Cucuta is quoted at 21c. The speculation in contracts has been
fairly active at advancing prices on buying by “ shorts” to
cover, stimulated by stronger European advices. The close
was steady, with sellers as follow s:
February............ 13-45c. I M a y ................ 12-75o. I A u g ................. 12-40c.
M arch............... 13-20c. I June..................12-60o. Sept...................12-35o.
A p ril.....................12-95c. 1J u ly .................. 12-45c. I O ct.................. 12-10©
An advance of 35^50 points for the week.
Raw sugars have been fairly active and the close was firm
at 3 § 3 1-I6c. for fair refining Muscovado and 3 7-16c. for cen
trifugals, 96 degrees test. To-day’s sales included molasses
sugar, 89 degree test, at 2 23-32c. Refined has been in fair
demand and steady; quoted at 5@534c. for crushed and 4@
434c. for granulated. A t the tea sale on Wednesday the offer
ings were increased, but prices were steady.
Kentucky tobacco has been quieter, but prices rule quite firm.
Seed leaf has met with a good demand, and sales for the week
foot up 2,450 cases, as follows: 1,000 cases 1890 crop,Wisconsin
Havana, 12^@14c.; 200 cases 1889 crop, Wisconsin Havana,
1234c.; 300 cases 1889 crop, Pennsylvania seed, 13@15c.; 350
cases 1890 crop, Pennsylvania seed, 12@14c.; 250 cases 1890
crop, Pennsylvania Havana, 13@35c.; 200 cases 1890 crop,
State Havana, 1334@28c., and 150 cases sundries, 634@45c.;
also 600 bales Havana, 70c. @ $ 1 15, and 200 bales Sumatra,
$2 15@ $3 15.
Of metals Straits tin closes easier after a quiet week; quoted
at 19-70c. Ingot copper has had a dull trade and closes lower
at 10-60c. Domestic lead is quiet but steady at 4-17^c. Pig
iron is steady but quiet.
Refined petroleum is quoted at 6-45c. in bbls., 7-70c. in
cases and 3-95c. in bulk; naphtha, 5-50c.; crude in bbls.,
5-80c. and in bulk 3.30c. Crude certificate closed to-day at
5924c. Spirits turpentine is dull and easier at 3434@35c.
Rosins are quiet and easier at $1.35@$1 3734 for strained.
P ort Royal,& c
W ilm ington___
WaSh’gton,& c
N orfolk..............
W est P o in t ...
N’ w p’ tN ’s,&o.
New Y ork .........
B oston ...............
B altim ore.........
Philadelph’ a,&c
7
552
.........
1,283
1,240
......
422
863
2,943
369
346
......
580
1,203
......
342
......
1,286
622
......
632
490
......
2,391
1,875
......
280
335
1,035
1,236
142
243
341
378
404
......
2,588
769
8
2,695
79
10,628
7,689
1,473
1,002
4,454
7,815
2,574
1
561
79
2,500
1,980
1,473
300
353
4,872
1,101
Totals this week 38,924 24,498 30,366 22,064 18,668 32,028 166,548
For comparison we give the following table showing the
week’s total receipts, the total since September 1, 1891, and
the stock to-night, compared with last year.
Receipts to
Feb. 5.
Jalveston. . .
E l Paso,&o.
New Orleans.
n o b ile . . .
F lorid a.........
S av an n ah ...
B runs., &c.
C harleston..
P .R oy al,& o
W ilm ington.
Wash’ tn,&o
N orfolk.........
W est Point.
N wptN .,& c
New Y o r k ...
B oston..........
B altim ore...
Phll’del’ a, &c
1891-92.
1890-91.
This Since Sep.
Week. 1 ,1 8 9 1 .
This Since Sep.
Week. 1 ,1 8 9 0 .
25,050 971,000
1,611
27,929
70,049 1,869,044
6,754 216,333
2
22,798
14,015 846,047
2,794 140,366
7,856 411,451
1,311
8
2,695 143,201
2,076
79
10,628 417,681
7,689 254,921
31,499
1,473
50,085
1,002
4,454
76,428
7,815
60,733
2,574
51,182
14,861 852,463
19,869
1,783
50,980 1,606,020
7,788 245,424
33,977
195
22,280 898,600
2,418 156,779
12,935 387,229
625
2,969 168,449
102
3,565
16,420 512,544
10,433 274,349
56,793
1,058
9,414
65,571
62,600
3,407
2,199
44,925
1,606
32,725
Stock.
1892.
1891
86,446
77,530
448,623
30,058
348,169
46,635
88,736
7,012
63,042
95,850
11,103
55,453
12,162
20,761
48,120
8,124
3,196
387,611
22,000
23,817
14,239
45,995
18,349
9,093
119,294
16,500
9,263
3,989
T otals........ 166,548 5,594,088 160,848 5,422,507 1,243,186
877,989
In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
Receipts at—
1892
1890.
1889.
Gaiv’ ston.& c
New Orleans
M obile..........
Savannah__
OharPst’n,&o
Wllm’ gt’n.&c
N orfolk.........
W’tP oin t,& o
A ll o t h e r s ...
26,661
70,049
6,754
14,015
7,864
2,774
10,628
9,162
18,641
16,644
50,980
7,788
22,280
12,935
3,071
16,420
11,491
19,239
17,803
48,712
6,468
16,218
3,154
1,648
14,216
12,308
19,726
11,239
38,239
4,528
14,673
7,699
1,906
7,429
20,926
19,708
5,333
43,278
3,421
8,626
5,997
1,912
5,521
12,498
12,997
8,454
39,831
3,969
9,745
4,685
1,056
13,427
9,323
17,762
Tot.thisweek
166,548
160,848
140.253
126 347
99,583
108.257
1891
1888.
1887.
Since Sept. 1. 5594,088 5Î22.507 5102,678 4600,714 4682,736 4594,639
The exports for the week ending this evening reach a total
of 161,497 bales, of which 75,538 were to Great Britain, 29,361
to France and 56,598 to the rest of the Continent. Below are
the exports for the week, and since September 1, 1891.
Exports
from—
Week Ending Feb. 5.
From Sept. 1,1891, to Feb. 5, 1892.
Exported to—
Exported to—
Conti Total Great
Great
Conti
France nent. Week. Britain. France nent.
Tota.
Brit’n.
Galveston...... 13,819
1,600 15,419
New Orleans.. 30,512 28,901 13,318 72,761
3,273
Mob. & P en d a 3,273
Savannah......
22,667 22,667
Charleston....
Wilmington...
West Point...
N’portNws, Ac
New York......
Baltimore.......
Philadelp’a.&c
Total...........
5,579
11,633 17,242
7,620
2,619
7,220
2,141
1,727
998
1,600
460
9,220
2Ì619
1,650
483
3,617
9,330
2,624
5,344
998
562,076 49,820
92,031 703,927
632,952 315,200 364,257 1,312,409
37,868
37,836
166,483 25,601 227,516 419,600
80,829 4,849
85,678
148,492 5,550 136,739 290,781
55,956
44,487 100,443
122,679 7,900
23,168 153,747
78,988
91,371
12,383
13,764 2,548
16,312
257,310 17,430 116,499 391,239
147,710
4,454 152,161
61,749 5,245
63,450 130,444
12,017
12,617
600
75,538 29,361 56,598 161,497 2,378,871 434,143 1,085,584 8,898,598
Total. 1890-91. 99.942 11,494 65,409 176.845 2.197.337 429,774 1,269,263 3,896.374
THE
250
C H R O N IC L E .
In addition to above exports, our telegrams to-night also
give us the following amounts of 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.
Carey, Yale & Lambert. 24 Beaver Street.
On Shipboard, not cleared— o r
f
Feb. 5 at—
Other Coast
Great
B ritain. France. Foreign wise.
Leaving
Slock.
Total.
N ew O rle a n s...
G alv eston .........
Savannah.........
C h a rle sto n .. ..
M ob ile ...............
N orfolk .............
N ew Y o rk .........
O ther p o r t s ....
25,256
12,539
5.300
4,500
None.
7,700
4.300
20,000
19,159
8,124
3,000
None.
None.
None.
500
None.
39,521
5,333
7.000
7.000
None.
4.000
4,600
10,000
2,369
3,773
2,200
400
None.
1,000
N one.
None.
86,305
29,774
17,500
11,900
None.
12,700
9,400
30,000
79,595
30,783
77,459
9,742
197,579
15,133
7,109
79,947
59,678
14,532
21,963
215,375
181,793
H
od.2.®
0 0 ® ® . s?
G ® ® G
O
O
Êf-85 Ö4
Ötf
® S'
a®
®®
®
UPLANDS.
S at.
£ .* '®
'■ ■
o*
b : co
I
I »
5*8
S'a
6%
6iiie
7 116
751r
71
a
71*16
ö'lß
838
9
5116
»h e
5716
mm
6&16 6°16
658 l 658
7
7
7H
71i
T’ w
7^16
7\
7%
8
8
89x6 89x6
8iol6 81oX
6
GULF.
S a t.
M o n ]T u e s W e d
O rdinary..............................$ lb.
S trict O rdinary............................
G ood Or dinary.............................
S trict G ood O rdinary.................
L o w M iddling...............................
Strict L ow M iddling...................
M iddling........................................
G ood M iddling.............................
S trict G ood M iddling.................
M iddling F a ir...............................
F a i r ...............................................
5ia
5 78
6%
71x6
7 716
711X6
7 78
8»16
8 716
9
933
STAINED.
S a t.
G ood O rdin ary....................# lb.
Strict G ood O rdinary..................
L o w M iddling...............................
M iddling........................................
45s
514
61«
71X6
51x6
51x6
6&
X6
6®8
7
714
7-,6
7%
8
89x6
81°X6
51X6
òhe
5 5 16
6»x6 H I
6*3
6 58
7
67
8
714
7*8
71x6
he
7%
73s
8
77
8
89l6 8 7 1 6
Sloie 8laie
F r i.
Th.
£ l ! 6 5 716
51316 51316 51316
611x6 611x6 ß iiie
7
7
7
733 733 73s
759
758
70s
71316 71*16 71316
81s
81s
813
83s
833
838
815x6 81b16 815i6
9&16 9516 9°16
5516
513x6 511x6
69X6
M
678
733
75s
71316
813
83s
815x6
9 316
714
71a
711x6
8
Kgl®
fil16
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m
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eg1®
S ì:
7
6 78
Saturday
M on d a y ..
Tuesday..
W ed’ d a y .
Thursday
F r id a y ...
Q u ie t..................
D ull at 1x6 dec..
S te a d y ................
D u l l ....................
D u l l ..................
D ull at -'s d e c ...
SALES OF SPOT AND TRANSIT.
’ -*•
Con- Spec- Tran
sump. u t’ t’n sit. Total.
130
97
203
178
10b
89
130
97
203
178
106
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I e;
II
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
E x
p ort.
• »
4716-
MARKET AND SALES.
SPOT MARKET
CLOSED.
Sfr
S*f
®■ *
II
C
H
OOOO
4 916
0*16
61x6
7
4-9ie
5316
61x6
7
so
P-pg
B
I©
®1*16
9316
F r i.
B ä-
8•C
0 O
pet“
£•£©
II
I1
CC
DD
O<
l 1
T il.
B GO- VJ
to
CO
814
M on T ues W ed
P•
orçroo
g- äSÜ
B
®O® S'
er® ®
C5 .
K
m
cocop bwco^ Ö C© C H 3 g - O i ^ g O
g
p ÖPP P § P « 8 © P g
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8«
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o*
*1-JO-i
«<
-»©©■
• A o1
V O
.V ?
M o n T u e » W e d ] T i l . |F r i .
O rdinary....... ...................... $ lb.
S trict O rdinary...........................
G ood Ordinary.............................
Strict G ood Ordinary.................
L ow M iddling..............................
Strict L ow M iddling..................
M iddling......................................
G ood M iddling............................
S trict G ood M iddling.................
M iddling F air.............................
F a ir ...............................................
(W S'-*
m
8 g-1
» *!
p-rS-
• H-P M
«
ûc O ® P j
E*© ® p
“
3.e*
662.614
509,721
The speculation in cotton for future delivery at this market
was at declining prices during the week under review, falling
at times into a semi-panic and again touching the lowest
prices of recent years. Liverpool and New Orleans shared in
and contributed to our declines, which were due mainly to
the larger receipts at the ports and at interior towns, showing
that the smaller movement o f the previous fortnight
was caused
by
bad weather and
not
due
to
“ exhaustion,” as the
bulls
had been inclined to
assert.
After each sharp decline there was some
recovery on a demand to cover contracts, with some buying
for investment, but the strength derived from these purchases
proved to have no lasting quality such as is needed to support
prices. To-day the bulls were greatly discouraged by the
further Recline in the Liverpool market, and showed for a
time not a little demoralization, to which the full interior
movement contributed. This afternoon there was a slight
and partial recovery on a demand to cover contracts, but the
close was tame and spiritless. Cotton on the spot declined
l-16c. on Monday, and much more than this in Southern
markets, without leading to any activity of demand. To-day
there was a further decline of l-8c., middling uplands closing
at 7 5-16c.
The total sales for forward delivery for the week are 871,400
bales. For immediate delivery the total sales foot up this week
808 bales, including — for export, 803 for consumption,
— for speculation, and — in transit. Of the above — bales
were to arrive. The following are the official quotations for
each day of the past week—January 30 to February 5.
3
C tO ®
Jd
fidasi»
-»•O—0«! 2’® ® pi
®0 e B OD- M
G
*C cf- © «CO et-'*
130^
O
0
Ç
1,045,607
T ota l 1 8 9 1 ... 105,763
T ota l 1 8 9 0 ... 93,043
h
g
5,2 ,£ S ‘
362,318
56,672
71,236
51,142
30,058
35,420
378,211
60,550
T o ta l 1 8 9 2 ...
[V ol LTV,
Sales o f
Futures.
82,400
212,200
346,800
150.800
139,400
139.800
:
I«
I$
I I
* Inoludes sales in Septem ber, 1891, fo r Septem ber, 19,600; S eptem ber-October, fo r O ctober, 344,200; Septem ber-November, fo r N ov em
ber, 619,000; Septem ber-December, fo r D ecem ber, 1,067,300.
The following exchanges have been made during the w eek:
■10 pd. to ex cb . 300 M ay fo r June.
■10 pd. to exob. 200 Sept, fo r Oct.
■25 pd. to ex cb. 900 M ay fo r Aug.
•20 pd. to exoh. 2,900 Apr. fo r J ’ne.
•10 pd. to ex cb . 100 A pr. fo r May.
•51 pd. to ex cb. 500 Feb. fo r Aug.
•27 pd. to excb. 2,500 M ay fo r Aug.
•28 pd. to exob. 100 May fo r Aug.
-19 pd, to exob. 100 M ay for July.
-47 pd, to exob. 100 Meh. fo r A u g .
20 pd. to exob. 100 Mob, fo r M ay.
•05 pd. to ex cb. 500 Feb. fo r Mob.
■20 pd. to exch. 200 May fo r July.
•10 pd. to ex cb. 100 M ay fo r Jupe,
•10 pd. to exeb. 300 A pr. fo r May.,
•20 pd. to ex cb . 100 Apr. fo r June.
The V isible Supply of Cotton to-night, as made up by cable
and telegraph, is-as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns,
803 871,460 and consequently all the European figures are brought dow n
803 . . . .
—
T o ta l...
to Thursday evening. But to make the totals the complete
T he Sales a n d P rices of F utures are shown by th® figures for to-nighfc (Feb. 5) we add the item of exports from
he Onited States, including in it the exports o f Friday only.
.follow in g comprehensive table:
....
THE
F ebruary 6, 1892,J
1891.
1890.
990.000 1,006,000
21,000
15,000
1889.
691,000
4,000
T ota l G reat B ritain sto ck . 1,668,000 1,011,000 1, 021,000
2,400
3,800
Stock at H am burg....... .............
2,200
Btook at Brem en........................
145,000 193.000 133.000
5.000
19.000
Stock at A m sterdam .................
24,000
300
400
Stock at R otterdam .............
300
7.000
6.000
S to ck at A n tw erp .......................
5,000
S tock at H a v re ........................... 280,000 217.000 176.000
3.000
4,000
Stock at M arseilles....................
7,000
95.000
94.000
90,000
S tock at B arcelona...................
10.000
12.000
S to ck at G ^a.oa................
9,000
10,000
12,000
S to ck at T rie s te .........................
13,000
695,000
3,100
14.000
21.000
300
500
95.000
3.000
41.000
5.000
7.000
1892.
S to c k at L iv e rp o o l......... bales. 1,660.000
ficp ck at L o n d o n ........................
8,000
444,700
189,900
T ota l E uropean stock s. . . . 2,243,500 1,569,200 1,465,700
40.000 130,000 181,000
In d ia cotton afloat fo r E urope.
A m er. co tt’n afloat fo r E uro p e. 476,000 490,000 400.000
41.000
57.000
47,000
Egypt,Brazil,<fec.,afltforE’r’pe
Stock in United States ports .. 1,243,186 877,989 691,514
S to c k in U. S. interior to w n s.. 565,276 441,363 307,274
14,699
30,217
17,809
U nited States exports to-d ay .
412,000
54,000
909,697
351,693
15,275
T ota l Continental sto ck s.........
575,500
558,200
251
C H R O N IC L E .
884.900
200,000
T otal v isible su pp ly ........... 4,623,661 3,595,769 3,110,297 2,827.565
O f th e a b o v e .th e to ta iso f A m erican an d oth er description s areas follow s
______
Am trica n —
_ ________
L iverpool stock..............bales. 1,422,000 699,000 799.000 558,000
Continental stock s..................... 472,000 453,000 359.000 134,000
A m erican afloat fo r E u r o p e ... 476,000 490,000 400.000 412,000
United States sto ck ................... 1,243,186 877,989 691,514 909,697
U nited States interior sto ck s.. 565,276 441,363 307,274 351.693
U nited States exports to-d a y .
14,699
30,217
17,809
15,275
Quotations for Middling Cotton at O ther Markets .—
Below we give closing quotations of middling cotton at South
ern and other principal cotton markets for each day of the week:
Week ending
Feb. 5.
G alveston...
New Orleans
M obile..........
S avan nah ...
C harleston..
Wilmington.
Norfolk........
B oston.........
B altim ore...
Philadelphia
A ugusta. . . .
Memphis----9t. L o u is___
C incinnati..
L ouisville...
CLO SIN G Q U O T AT IO N S F O R M ID D L IN G CO TTO N O N —
Satur.
61^,6
6^8
6%
7
6%
6 78
7*a
7H
7^
7
61516
7
71i
7*8
Tues.
613x6
6’8
613x6
6^,
7
6%
684
Wednes.
Thurs.
6*8
67
8
6%
Jfon.
67
8
613x6
6\
613x6
638
6%
6%
65s
77ie
6^8
6^
6
684
71x6
714
7^
7^4
711x6
61«X6
613x6
613x6
7H
7^
711x6
61-1«
612x6
615x6
714
718
6%
6°8
6^1
6^4
65s
7 he
73
s
714
711x6
711x6
613x6 * 78 61316
61316
61316
613x6
6 78
714
7Ai
719
7 x8
F ri.
613x6
6%
6II 16
658
6%
6%
69
16
7-16
7 !s
7^8
613x6
613i6
714
7
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
6 ’a N e w b e r r y ...... . . . . . .
A tla n ta . . . . . . . .
6 1 I Little R o c k . . . .
«
6%
69xs R a leig h .............
Columbus, G a.
63s M ontgom ery. .
61
«
Selma ............
6%
Columbus,M iss
Ol# j N a sh v ille .........
69x6 S h r e v e p o r t ....
61#
6 ^ I N a tc h e z ...........
E ufaula............
R eceipts F rom the P lantations.—The following table
indicates the actual movement each week from the plantations*
The figures do not include overland receipts nor Southern
T otal A m erican................... 4,193,161 2,991,569 2,574,597 2,380,665 consumption; they are simply a statement of the weekly
East In d ia n , B razil, <£c.—
movement from the plantations of that part of the crop which
233,000
291.000 207,000 133,000
L iverp ool sto ck ........................
L ondon stock ..............................
8,000
21,000
15,000
4,000 finally reaches the market through the outports.
O ontinental s t o c k s ..................
In d ia afloat fo r E urope............
•Egypt. B razil, A c., afloat.........
103,500
40,000
41,000
105,200
130,000
57,000
85,700
55,900
181,000 200,000
47,000
54,000
T ota l East India, &0........... 430.500 604,200 535,700 446,900
T otal A m erican................... 4,193,161 2,991,569 2,574,597 2,380,665
T otal visible s u p p ly ..........4,623,681 3,595,769 3,110,297 2,827.565
F rice Mid. U p l.,L iv e r p o o l....
3i516d.
5d.
6d.
seed.
P rice Mid. U pl., New Y ork —
7 » i 6o.
9*40.
llhe«**
lO ^ o.
The imports into Continental ports this week have been
69,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 1,027,892 bales as compared with the same date
o f 1891, an increase of 1,513,364 bales as compared with the
corresponding date of 1890 and an increase of 1,796,096 bales
as compared with 1889.
A t the I nterior T owns the movement—that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1890-91—is set out in detail in the
following statement.
K>
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139,826
168,868
146,892
159,265
140,253
246,989
817,177
174,855
178,943
195,103
160,848
228,169
230.205
162,783
102,688
130,607
166.548
455,725
433,198
888,848
352,157
315,409
307.274
538,653
513,751
490,972
456,936
450,421
441.863
644,980 229,897
629,550 117,299
627,004 114.518
605,907 110.201
576,253 122,517
565.276 182.118
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Shipped—
V ia St* L ou is..................................
Y _ * ir o ........................- ..............
V ia H annibal.................................
V ia E vansville.............................
V ia L ouisville................................
V ia C incinnati..............................
Via other routes, & o....................
T otal gross ov etla n d ................
Deduct shipments—
Overland to N. Y ., B oston, & o..
B etw een interior t o w n s .............
Inland, A c., from S o u th ............
1890-91.
Week.
446,381 1 16,753
268,123 10,124
2,065
145,073
26,213
533
6,342
133,706
5,692
90,366
1,742
122,155
46,461 1,232,517
Since
Sept. 1.
430,521
218,729
79,297
19,467
147,794
136,567
117,958
43,251 1,150,333
16,626
.6,347
3,692
205,821
82,923
57,852
19,295
347,740
26,665
346,596
L eaving total net overland*.. 27,166 884,777 16,586
* In clu d iag m ovem ent by rail to Canada.
t R evised.
i s
fr» »
s
a
803,737
The foregoing shows that the week’s net overland movement
this year has been 27,168 bales, against 16,586 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 81,040 bales.
1891-92.
© »
©
to
1^1
I n Sight and Spinners’
Takings.
Week.
Since
Sept. 1.
1890-91.
Week.
Since
Sept. 1.
R"
R eceipts at ports to Feb. 5 ........... 166,548 5,594.088 160,848 5,422,507
Net overland to Feb. 5 . ................. 27,166 884,777 16,586 803,737
Southern consum ption to Feb. 5.. 16,000 325,000 16,000 302,000
O' S'
C
b
T otal m arketed ......................... 209,714 6,803,865 193,434 6,528,244
Interior stocks in ex cess............... * 10,977 509,347 *9,058 426,793
fro©
* Louisville figures “ n e t ” in both years.
t This year’ s figures estimated.
i Last year’ s figures revised.
The above totals show that the interior stocks have decreased
during the week 10,977 bales, and are to-night 123,913 bales
m ore than at the same period last year. The receipts at all tue
towns have been 9,173 bales more than the same week last
year, and since Sept. 1 they are 151,8S2 bales m ore than for the
saihe time in 1890-91,
19,457
8,665
3,694
1,218
5,118
3,201
5,108
Since
Sept. 1.
238,423
45,739
63,573
T otal to he dedu cted................
M
to
M
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MMM Mf*
w o ^ m h o m o io m w ® © w ® © w
©©©toco®if*M i —co m o © ! » w w < o© ©
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241,050
214,775
160,248
81,541
100,953
155.5T
15,845
1,393
2,052
M M
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235,231
192,276
152,076
144,901
188,594
151.790
The above statement shows: 1.—That the total receipts from
the plantations since September 1,1891, are 6,103.435 bales; in
1890-91 were 5,849,300 bales; in 1889-90 were 5,396,393 bales.
2.—That, although the receipts at the outports the past week
were 166,548 bales, the actual movement from plantations was
only 155,571 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 151,790 bales and for 1890 they w ere
132,118 bales.
Overland Movement for the W eek and since Sept . 1.—
We give below a statement showing the overland movement
for the week and since September 1. As the return* reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Feb. 5
and since Sept. 1 in the last two years are as follows:
Week.
»
a
Cb
<Ä
w
0*
•*»
0*
3 1 .....
8 .......
IS.......
28......
28.......
6 ......
February 5.
Shipm’ts Stock
This
Feb. 5 .
week.
M
M
to
m
w ie - O l V ®
if * S C © © C o l o
M * f i f * if* ® 03
- J o i — r w a o - ja ^ c o c o t o o jf c o o o c o — - j
® ® ® W © © K * W 0 > i- ‘ iS . C 5 © © © w © © M
CO
bo
Dec.
Jan.
“
1
“
Feb.
1891-92.
mm
This
week.
M
O
r 1
CO
00
<3
Receipts at the Ports. St'kat Interior Towns. Rec'pts from P la n t’n s ,
Week
Mndxno— 1889-80
1890-91 1891-92 1889-90 1890-91 1891-92 1889-90 1890-91 1891-OS
184,376
Came in to sight during week. 198,737
7,313,212
6,955,037
T otal in sight Feh. 5 ................
North’n spinners tak’gs to Feh. 5
* Deorease during week.
1,522,439
......... 1,476,397
It will be seen by the above that there has come into sight
during the week 198,787 bales, against 184,376 bales for the
same week of 1891, and that the increase in amount ia sight
ti-night as compared with last year is 358,175 bales.
262
THE
C H R O N IC L E .
[V ol . L rv.
coto
ob
c o
oo
Augusta, Georgia .—The weather has been clear and pleasant
W eather Reports by Telegraph .—Telegraphic advices
to "us to-night indicate that the weather has been favorable for all the week. The thermometer has ranged from 29 to 70*
the movement of the crop, and marketing has progressed averaging 49, Rainfall for month of January seven inches
freely. The temperature has been higher, and practically no and seventy-five hundredths, on thirteen days.
Charleston, South C arolina .—There has been no rain all the
rain has fallen. Preparations for the next crop are active in
week. Average thermometer 52. highest 73, lowest 35. Rain
portions of Texas.
Galveston, Texas.—There has been one light shower during fall for January four inches, on twelve days.
Stateburg, South Carolina .—The weather has been clear all
the week, the rainfall reaching two hundredths of an inch.
Average thermometer 62, highest 71, lowest 53.
Rainfall the week with frost on three nights. The thermometer has
ranged from 28’5 to 66‘6, averaging 48'6. During the month
for the month of January one inch and ninety-nine hun
of January the rainfall reached six inches and sixty-five hun
dredths.
Palestine, Texas.—Plowing is active. Dry weather has dredths.
W ilson, N orth Carolina .—There has been no rain all theprevailed all the week. The thermometer has averaged 62,
the highest being 76 and the lowest 48. Rainfall in January week. The thermometer has averaged 45, the highest being
60 and the lowest 26.
reached three inches and ninety-three hundredths.
Huntsville. Texas.—Preparations for the new crop are pro
The following statement we have also received by telegraph
gressing well, no rain having fallen during the week. The showing the height of the rivers at the points named at 3
thermometer has averaged 56, ranging from 37 to 74. Jan o’clock February 4, 1892, and February 5, 1891.
uary rainfall one inch and seventy-eight hundredths.
Feb. 4, ’92. Feb. 5, '91.
Dallas. Texas.—Crop preparations are now being pushed.
Feet.
Feet.
There has been no rain all the week. The thermometer has New Orleans___ ....... A b ov e low -w ater m ark.
10-5
110
r a n g e d from 32 to 71, averaging 52.
During the month of Memphis............
15 '4
24-2
January the rainfall reached one inch and fifty-nine hund N ash v ille..........
t>-7
365
60
Shreveport.........
24*8
redths.
28-2
310
San A ntonio, Texas. —W e have had no rain the past week. Vicksburg..........
Average thermometer 56, highest 68, lowest 44. January
Cotton Supply and Consumption in Europe.—By cable
rainfall one inch and fifty-one hundredths.
we have received the substance of Mr. Ellison’s first o
L uling, Texas. —Plowing is going ahead well. The weather
has been dry all the week. The thermometer has averaged January cotton review, and in our editorial columns give the
57, the highest being 70 and the lowest 44. Rainfall for the results and some suggestions respecting them.
month of January one inch and three hundredths.
I ndia Cotton Movement prom all P orts.—The receipts
Columbia, Texas.—No rain has fallen during the week. and shipments of cotton at Bombay have been as follows for
The thermometer has averaged 61, ranging from 50 to 72. the week and year, bringing the figures down to Feb. 4.
Month’s rainfall one inch and twenty-five hundredths.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Cuero, Texas.—The weather has been dry and pleasant all
Shipments since Sept. 1.
Shipments this week.
Receipts.
the week. The thermometer has ranged from 42 to 78, aver
aging 60. During the month of January the rainfall reached Year Great Conti
Great
This
Conti
Since
Total.
Total. B ritain nent.
Week. Sept. 1.
one inch and ninety-six hundredths.
B rit’n. nent.
Brenham, Texas.—Plowing is active. W e have had dry
88.000
11,000 11,000
6,000 82,000
weather all the week. Average thermometer 60, highest 77 91-2 5.000 57.000 62.000 18,000 149.000 167.000 40.000 303.000
59.000 540.000
90-1
and lowest 43. During the month of January the rainfall 9-90 7.0 078.000 85.000 55.000 267.000 322.000 66.000 656.000
88-9 14,000 51.000 65.000 75.000 209.000 284.000 73,000 544.000
reached two inches and seventy-three hundredths.
Belton. Texas.—There has been no rain during the week.
Shipments since Sept. t.
Shipments for the week.
The thermometer has averaged 59, the highest being 78 and
Conti
Great
Great
the lowest 40. January rainfall one inch and eighty hun
Total.
Total.,
B ritain. Continent.
Britain. nent.
dredths.
W eatherford, Texas.—Dry weather has prevailed all the Calcutta—
4.000
15.000
19.000
1891-92...
week. The thermometer has ranged from 33 to 70, averaging
5.000
2,000
2,000
21.000
26.000
52. During the month of January the rainfall reached two M1890- 9 1 ...
adrasinches and fourteen hundredths.
14.000
10,000
24.000
1891- 9 2 ...
16.000
13,000
29.000
1890- 9 1 ...
New Orleans, Louisiana. —It has rained during the week,
the rainfall reaching one inch and ten hundredths. The ther All others—
29.000
20.000
49.000
3.000
3.000
1891- 9 2 ...
mometer has averaged 57. January rainfall five inches and
29.000
19,000
2.000
48.000
1.000
18909 1 i ,o o o
...
eighty-seven hundredths.
Total all
Shreveport, Louisiana. —There has been rain during the
54.000
38.000
92,000
3.000
18919 2 ...
week to the extent of five hundredths of an inch. The ther
40.000
63.000
103,000
4.000
i',o o o
1890-91...
m o m e te r has averaged 58, the highest being 73 and the lowest
EXPORTS TO EUROPE FROM ADD IND IA.
43.
Columbus, M ississippi. —The weather has been dry all the
1890-91.
1889-90.
1891-92.
Shipments
week. The thermometer has averaged 57, the highest being
This
Since
Since
This
Since
This
to all Europe
80 and the lowest 36. Rainfall for the month of January five
week.
week.
Sept. 1.
Sept. 1.
week.
Sept. 1.
from —
inches and ninety-one hundredths.
Leland, Mississippi. —W e have had no rain the past week. B o m b a y .......... 11,000
88.000 62,000 167.000 85,000 322.000
7,000 106.000
4,000 103.000
92.000
The thermometer has averaged 56-3, ranging from 32 to 78. All other ports. 3,000
Rainfall for January six inches and sixty-one hundredths, on
14,000 180,000 66,000 270,000 92,000 4 2 8.00 0
T otal.
six days.
ALEXANDRIA RECEIPTS AND SHIPMENTS.
L ittle Rock, A rkansas. —During the month of January
the rainfall reached three inches and ninety-two hundredths.
A lexandria, Egypt,
1889-90.
1890-91.
1891-92.
Helena. A rk a n sa s.-- Rain fell lightly last night to the ex
February 3
tent of twenty-nine hundredths of an inch, and there are in
Receipts (ca n ta rs*)....
dications of more rain. The thermometer has averaged 51,
110,000
105.000
100,000
This w eek___
3,262,000
2,808,000
the highest being 66 and the lowest 33. January rainfall
3,919,000
ilu ce S e p t. 1.
two inches and eighty-six hundredths.
Since
This j Since
Since
This
This
Memphis, Tennessee.—W e had a light sprinkle last night,
week. Sept. 1. week. Sept. 1. week. \Sept. 1,
but it is now threatening rain. The rainfall reached two
hundredths of an inch. The thermometer has ranged from Exports (bales)—
To L iv e r p o o l............ 12,000 237.000 12,000 213.000 12,000! 212,000
83‘5 to 66*9, averaging 50'4. During the month of January the
To Continent............. 8,000 115.000 8,000 121.000 8,0001102,000
rainfall reached three inches and six hundredths, on eight
T otal E u rop e......... 20,000 352,000 20,000 334,000 20,0001314,000
d a y s , and the thermometer ranged from 11 -6 to 66‘2, averag
* A cantar is 98 pounas
ing 36.
Manchester Market .—Our report received by cable to-nig h
Nashville, Tennessee. —W e have had dry weather all the
week. The thermometer has averaged 45, ranging from 26 to from Manchester states that the market is flat for yarns and
67. January rainfall two inches and eighty-one hundredths. quiet for shirtings. The demand for both home trade and
Mobile, Alabam a.—No rain all the week. Average ther foreign markets is poor. We give the prices for co-day below,
and leave chose for previous weeks of this and last year for
mometer 54, highest 74, lowest 37.
M ontgom ery, A labam a. —Dry weather has prevailed all of
the past week. The thermometer has averaged 50, the highest
1890-91.
1891-92.
being 68 and the lowest 32. During the month of January the
Cott’n
rainfall reached seventeen inches and seventy-five hundredths.
32« Oop.%
8*4 lbs. Cott’ n
814 lbs.
32« Cop.
Mid.
Mid.
Twist.
Shirtings.
Shirtings.
Twist.
Auburn, Alabama.—There has been no rain all the week.
TJplds
TJplds
The thermometer has ranged from 21 to 63, averaging 49 5.
d.
s. d .
s. d.
d.
d.
d.
8. d .
d.
d. s. d .
Selma, Alabam a.— Telegram not received.
* 5 6 ®6 11
V ie ,
4^16 80iß ® 8i% 6 4*a®7 3
M adison, Florida. —The weather has been clear all the De.31 6\ © 7 1 5 5 «6 9
4
6 4*a®7 3 5 16
8&16 »858
*7*4
week. Average thermometer 57, highest 76 and lowest 35.
5 °ie
«* 15 658 ®738 5 5 ®6 9
4*16 8*4 HZ'* 6 4*3®7 3
4*6 8;h j
16 >8716 6 4 d>7 3
5 ,1 6
“ 22 6% «TJfl 5 6 ® 6 10
Co turnout,, Georgia. —W e have had no rain during the week
5*16
a>6
^
t* 29 6U i«® 7 i* 5 6 r lO 1 4*16 83i 6® 8716 6 4 ® 7 3
The thermometer has averaged 54, the highest being 67 and Feb. 5|69ie <»738 15 5 - 6 10
3I o16 8 ®8*4 6 3 ® 7 3
5
the lowest 38. Month’s rainfall seven inches and ninety-one
Overland Movement, &c., to F ebruary 1.—In our
hundredths.
Savannah, G eorgia.—W e have had no rain the past week, editorial columns to-day will be found our regular statement
The thermometer has averaged 49, ranging from 36 to 72
During the month of January the rainfall was two inches and of overland movement, receipts, exports, spinners’ takings,.
&c., brought down to February 1.
forty-nine hundredths.
THE
F e b r u a r y 6, 1892. J
C H R O N IC L K
L arge I mportation op Egyptian Cotton.—The steamer
Runic* which arrived at New York on Wednesday, Feb. 8,
from Liverpool, brought 2,150 bales of Egyptian cotton—the
largest importation of the current season.
J ute B utts, Bagging , &c.—The market for jute bagging
has been inactive the past week, trading being confined to
small parcels. Prices have, however, undergone no appreciciable change, the ruling quotations this evening being 5l£c.
for 1% lbs., 6c. for 2 lbs. and 6% c. for standard grades. Jute
butts are very firmly held and purchases are gauged by actual
requirements. Quotations are l% c. for paper grades and
2J£@2%c. for bagging quality. The visible supply of butts at
the close of January was about 180,000 bales, against 340,000
bales at the same date in 1891 and 200,000 bales in 1890.
S h i p p i n g N e w s . —The exports o f cotton from the United
st ites the Dast week, as per la test m a il returns, have reached
124,308 bales.
Total bales
N e w Y o r k —T o Liverpool, p e r steam ers Denmark, 1 ,7 0 2 ....
N om adic, 3 ,4 5 1 ___Wisconsin, l,6 b 7 ....................................... 6,820
To London, per steamer Mississippi, 4 0 0 ............... .................
400
To Havre, per steamer La Bretagne, 4 6 0 . . . . . . . ......................
460
To Bremen, per steamer Aller. 4 5 4 ..............................................
454
To A ntwerp, per steamers De R uyter, S50___Pennland, 299
649
447
To Genoa, per steam er Letim bro, 447 ........................................
To Yokoham a, per steamer Denbigshire, 1 0 0 . . . . . .........i ___
lo o
N e w Orleans —To .Liverpool, oer steam ers Astronomer, 6,550
___Copernicus, 6,200 ...P ro fe sso r, 4 ,7 5 0 ....V e sta , 6,750
___West Indian.4 ,5 4 2 ........................................................... .
28,792
T o Havre, per steamers Bellova, 6,5 00___ County o f Salop,
3 ,0 6 7 ... Soawfell, 5,538....... Ù
........6.............. .......................... 15,105
T o Bremen, per steamers Gerona, 7,200. ..W ennington Hall,
4.558 .................................................... . ...................................... 11,758
To Hamburg, per steamers Helvetia, 4 0 0 ..¿.O rbo, 8 0 0 .........
1,200
T o Antwerp, per steamer Port Jackson, 1 ,6 0 3............ ........... 1.603
To Barcelona, per steamer Hernan Cortez. 3 ,9 00..................... 3,900
To Malaga, per steamer Hernan Cortez, 3 ,2 0 0 ......................... 3,200
To Genoa, per steamer Romsdal, 5 ,0 8 0 _____. . . . . . . . . . . . . . . . .
5,080
G alveston —To L iverpool, per steamers Manin, 5 ,7 4 2
Sand. field, 5,416 ...T w ickenh am , 6,5 25___Zoe, 5 ,8 6 4 ...........
23,547
S avannah —To Am sterdam , per bark Cap, 2 ,1 0 0 . . . . . . . . . . . . . . . . 2,100
T o Oporto, per bark Audacia, 3 0 0 ........................ .
..
300
N o r f o l k —To L iverpool, per steamers A ilsa Craig, 1 ,6 8 6 ....
Madrid, 1 ,5 0 9 .. .......... ........... ..................................... .............. 3,195
W est P oint —T o Bremen, per steam er Barden Tower, 1 ,1 0 0 .... 1,100
N e w po r t N ew s —To L iverpool, per steam er Madrid, 1 ,5 7 5 ..... 1,575
B oston —T o L iverpool, per steamers Bostonian, 5 0 9 ....Lake
Huron, 1,8 43— Lancastrian, 2 ,7 7 4
Norseman, 1 ,1 6 1 .. 6,287
B altimore —To L iverpool, per steamers Barrowm ore, 6 4 ....
Mentmore, 1,4 64___ Mongolian, 2 ,0 2 1 ___Sobraon, 2 4 8 ...
3,797
To H avre, per steamer Prodano, 1 ,4 9 6 ....................................... 1,496
T o Rotterdam, per steamers Ism ailia, 1 4 6 ....Hubenstein,
542
146 ...U rb in o , 2 5 0 ............................. ............ ........................ .
P h ila d e l p h ia —To L iverpool, p er steam er British Prince, 40 1.
401
Total
— .............. .............................. ........ ...... .............. . 124,308
Below we add'the clearances this week o f vessels carrying
ootton from United States ports, bringing our data down to
the latest dates:
G a l v e s t o n —To L iverpool—Jan. 29 -S te a m e r Ida, 5 ,1 8 2 ....F e b . 2 —
Steamers R ex, 1,512; Treseo, 7,125.
O rleans —T o L iverpool—Jan. 3 0 —Steamers Arohlteet, 4,800;
Bernard H all, 4,995; E usk a'o. 5 ,1 0 0 ___Feb. 3 —Bark Giuseppe,
1.704___Feb. 4 - Steamer A licia, 6,200.
T o G rim sb y -J a a . 3 0 -S te a m e r Caxo, 5,420. .
To H avre—Jan. 2 9 -S team er Newton, 8 ,1 0 0 ....J a n . 3 0 —Steamers
Gaditano, 5,500 ...R osarian, 7 ,0 5 6 ....F e b . 2 —Steamer Marseille,
5,8 10
Feb. 4 —Steamer M oonstone, 4,100.
T o Bremen—Feb. 3 —Ship Stepban. 3,777.
T o H am burg—
Jan. 2 9 -S team er Highland Prince, 2 0 0 ....F e b . 4—
Steamer Oaklands. 689.
T o Baroelona—Jan. 30—Steamer Martin Saenz, 2,049.
T o G en oa -J a n . 3 0 —
Steamier Martin Saenz, 4,571.
M o b il e —To L iverpool—Feb. 1—Steamer Irthington, 3 ,2 7 3 .
S a v a n n a h — To Brem en—F e b . 3 -S te a m e r Bleville, 6 ,5 6 7 .
To B arcelona—Feb. 4 —Steamers Norfolk, 4,700; W allachia, 5,500.
To Genoa—Feb. 2 - Steamer Dunedin, 5,90i>.
C h a r l e s t o n —To L iverpool—Feb. 3 —Steamer County D ow n, 5,579.
To B re m e n -J a n . 29—8teamer Corona, 4 ,5 5 0 ....F e b . 2—Steamer
Loughrigg Holme, 5,750.
To Salerno—Feb. 2 -B a r k Ismaele, 1,363.
N o r f o l k —To L iverpool—Feb. 2—Steamer B enwick, 7,620.
T o B rem en—Feb. 5 —Steamer Barden Tow er, 1,600.
W e s t P o in t —To L iverpool—Jan. 30—Steamer Ailsa Craig, 2,619.
B o sto n — T o L iverp ool—Jan. 3 0 —Steamers A leppo, 254; Virginian,
253
L iverpool .—By cable from Liverpool we have the following
statement of the week’s sales, stocks, Scc., at that port:
Jan. 15.
Jan. 22.
Jan. 29.
Feb. 5.
63,000
54 000
47.000
Sales o f the w eek............ bales.
57.ÒOG
2.800
1,600
3.000
O f w hich exporters t o o k ___
3 .2 0 o
9,000
4.000
2,700
O f which speculators to o k ..
6,10(>
56,000
46,000
38.000
Sales A m e r ic a n .......................
51,00/»
6,000
4 000
7.000
4.00®
Actual ex p ort.............................
81.000
82.000
Forw arded............................... .
64,000
75,00®
Total stock—E stim ated___ . . . 1,545.000 1,614 000 1,653 000 1,630 OO”
Of which A m erican—Estim’ d 1,307,000^1,371.000,1,411,000 1,422 On®
148.000 153 000 128.000
87.00®
Total im port o f the w eek .........
133.000 137.000 114.000
O f which A m erican............ .
77.00®
Amount a flo a t.......................... 315.000 260 000 245.000 235,00®
Of which A m e rica n .............. 305.000 250.000! 235,000! 225.00®
The tone of the Liverpool market for spots and futures each
day of the week ending Feb. 5, and the daily closing prices
of spot cotton, have been as follows:
Spot.
Saturday Monday. Tuesday. Wednes. Thursday. Friday.
Market, ? Dull and
1:45 P. M.J declining.
Freely
offered.
4
Mld.Upl’ds.
S ales....... .
Spec. & exp.
6,000
500
In buyers’
favor.
7,000
500
Futures.
Market, ? W eak at Steady at Steady e at
2-64 de
2-64 de
2-64 d
1:45 p. M. £
cline.
cline.
cline.
Market, \
4 P. M. $
Steady.
Barely
steady
Easier,
Steadier.
31516
4
10,000
1,000
Easier.
Steady.
315i 6
10,000
1 ,0 )0
12 000
1,500
10,000
1,000
Easy.
Irreg. at
1-64 de
cline.
Qnt et, at
1-64 de
cline.
Quiet.
Irregular.
Steady.
The opening, highest, lowest and closing prices of futures a t
Liverpool for each dav are given below. Prices art on th e
basis o f Uplands, Low Middling clause, unless otherwise stated :
S a t., J a n . 3 0 .
H o n ., F e b . 1 .
T u e s .. F e b . 2 .
Open High Low. Olos. Open High Low. Olos. Open High Low. Olos
February...
Feb.-Mch...
Mch.-April.
Aprtl-May..
May-June..
June-July...
July-Aug...
August.......
September..
Sept.-Oct...
Oct.-Nov....
d.
3 60
3 60
3 63
4 02
4 05
4O
S
411
413
d.
3 60
3 60
3 63
4 02
4 05
4 08
411
413
d.
3 60
8 60
3 63
4 02
4 05
4 08
411
413
d.
3 60
3 60
3 63
4 02
4 05
408
411
413
d.
3 59
3 59
3 62
4 01
4 01
4 07
410
412
4 15
415
d.
3 60
3 60
3 62
4 01
4 04
4 07
410
412
4 15
415
d.
3 58
3 58
3 60
3 63
4 02
4 05
408
4 10
413
413
d.
358
3 58
3 61
4 00
4 02
4 05
4 08
4 11
4 13
413
d.
3 56
3 56
3 59
3 62
4 01
4 04
4 07
4 09
412
4 12
d.
3 57
3 57
3 60
3 62
4 01
4 04
4 07
410
412
412
d.
3 56
3 56
3 59
3 62
4 01
401
4 07
4 09
412
412
d.
3 5r
3 57
3 60
3 62
401
4 04
4 07
410
412
412
Ne w
To
To
To
To
Ham burg—Jan. 27—Steamer Baumwall, 343.
Antwerp—Jan. 2 3 - Steamer Wandrahm, 81.
Yarm outh—Jan. 2 9 —Steamer Yarm outh, 9.
H a lifa x —
Jan. 3 0 —
Steamer Prem ier, 50.
B a l t im o r e —To L iv e rp o o l-J a n . 2 9 —Steamer Queensmore, 1,527.
T o L ondon—Jan. 29 - Steamer Memphis, 200.
T o Bremen - Jan. 2 7 -S team er Oldenburg, 1.977.
T o H a m bu rg-Jan . 2 9 -S tea m er Virginian, 800.
To Rotterdam —Feb. 3 —Steamer Zaandam, 640.
To A ntw erp—Jan. 23—Steamer Sorrento, 200.
Philadelphia —To L iverpool—Feb. 2—Steamer L ord Clive, 998.
W e d ., F e b . 3 .
T h u ra ., F e b . 4 .
F r i., F e b . 5 .
Open High Low. Olos. Open High Low. Olos. Open High Low. Olos.
February...
Feb.-Mch...
Mch.-April.
April-May..
May-June..
June-July...
July-Aug...
August.....
September..
Sept.-Oct...
Oct.-Nov....
a.
3 64
3 64
3 67
3 60
3 63
4 02
4 05
4 07
4 00
4 09
d.
3 55
3 55
3 58
3 60
3 63
4 02
4 05
4 07
410
410
d.
3 53
3 53
3 56
3 59
3 62
4 01
4 04
4 06
4 08
4 08
a.
3 53
8 53
3 56
3 59
3 62
4 01
4 04
4 06
4 09
4 09
d.
3 52
3 52
3 55
358
3 61
4 00
4 03
4 06
4 00
4 09
d.
3 54
3 54
3 57
3 60
3 62
4 02
4 05
4 07
4 10
410
d.
3 52
3 52
3 55
3 58
3 61
4 00
4 03
4 00
4 09
4 09
d.
3 54
3 54
3 57
3 60
3 62
4 02
4 05
4 07
4 10
410
B R E A D S T U F F
d.
3 50
3 50
3 53
3 56
3 59
3 62
4 02
401
4 07
4 07
d.
3 51
3 51
3 54
3 57
3 60
3 63
4 02
4 05
4 03
4 08
d.
3 50
3 50
3 53
3 56
3 59
3 62
4 02
4 01
4 07
407
d.
351
3 51
3 54
3 57
3 Off
3 63
4 02
4 05
403
4 08
S.
F riday , February 5 ,1 8 9 2 .
The market for wheat flour was very dull until Wednesday,,
when at a decline o f 10 cents or more per barrel the transac
tions were unusually large, including an important line fo r
the West Indies, causing on Thursday a stronger though
quiet market. To-day our quotations are revised, but not
materially changed from last week, as stocks are hel i with
Cotton freights thé past week have been as follows:
much more confidence in view o f the better prices ruling in
the grain markets.
1 Satur.
Mon.
F ri.
Tues. Wednes. Thürs.
Wheat has fluctuated widely. The decline early in the
week was due to discouraging features o f the statistical posi
L iverpool, steam d.
964
632
B
82
B
32
B
32
B
32
tion and weak reports by cable from foreign markets. The
....
....
....
Do
b id ., id.
: .... •
export demand was slow and did not improve. On Thurs
H avre, s te a m ...d.
S16
B
32®316 532®316 532®316 ®32®316 532®316
day there was a moderate spot business at $ l 02 for No, 2
....
....
.....
fi . . . .
Do
. . . . „-.„.d.
.V ..
....
red winter and $1 03 for No. 1 Northern spring. To-day fu
Brem en, steam , .d.
7-2
732
7S2
782
732 •
782
tures were excited and buoyant. The smaller crop move
___
D o via Ham.d.
f- -ment and adverse crop accounts led to an active buying ta
Hamburg,steam.d.
782
732
7S2
782
7S2
732
cover contracts, on which prices advanced rapidly, closing at
....
Do
..........d.
....
....
some improvement over last Friday’s figures. Ia spot wheat
A m st’ d’ m, steam.d. 816®73
50*
50*
50*
50*
50*
there was a moderate-export business, including No. 2 red
In d ir e c t.......... d.
....
316
s16
316
S16
- 8I6
winter for early arrival at $1 05)£.
R eval, steam ___ d.
%
156t
l764
964
% ® 932
%®S>32
....
% ®9aa
Do
................d.
Barcelona,steam d.
Genoa, ste a m ...d .
Trieste, steam ., d.
A ntw erp, steam . d.
....
%
156i
1764
9et
%
1564
964
% ® 9j2
% ® 9aa
% ® 9. 2
%®S>32
% ® 932
1504
•:3Ê*w
% ® 933
1B64
„ 17«4
»6 4
® 64
....
1561
1764
»64
.
....
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.
February delivery........... o.
March d elivery ................ o.
April d e liv e r y ................o.
May d e liv e r y ... . . . . . . ...O .
June delivery................... e.
Ju ly delivery....................e.
Sat.
Mon.
'101% 10 1%
102% 102%
102% 102%
T01*« 10 i%
99%
99%
97%
97%
Tues.
100%
101%
101%
100%
98%
96%
Wed. Thur».
99%
100%
100%
1 0 1%
100%
101%
99% 100
97%
98%
96
96%
Fri.
10 3%
104%
l(i4
102%
100%
99%
THE
254
C H R O N IC L E .
Indian corn, after a period o f depression, has been advan
cin g for the past tw o days. The speculation for the rise has
sh ow n decided vigor, the sa’ e i o f futures to-day exceeding
five m illion bushels. The rise is in part due to sym pathy
w ith the better wheat market; the demand is largely to cover
contracts. Ths crop m ovement, however, continues greatly
in excess o f last season, w hile the export business is but m od
erate. Shippers to-day took No. 2 m ixed at 50 ^ c. in elevator
an d afloat.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
Sal.
4938
4938
.0. 4938
■ .
C
49^8
J a n e d elivery ............. . c .
.0. __ _
J u ly d elivery....... . . . . . e .
.•••
.0. • . . .
.0.
Tues.
49%
49%
49 %
4878
47°s
4788
48%
48*4
Mon.
49 ‘a
4938
493a
49
48
43
481
a
48^3
Wed.
4938
4934
49^8
48^
473s
48
Tiiurs.
50
49 78
49%
4938
48
48ia
481
e
F ri.
51
51
51
50*4
48%
49
Oats have not shared to-day the activity o f wheat and
corn , but, sym pathizing therew ith, have made advance in
prices, especially for m ixed grades, w h ich have been most
depressed.
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
February delivery......... c.
Sal.
355s
0
March delivery........... o. . 3638
M ay delivery.................. ce.
37
Mon.
Tues.
351^
36
36%
3514
36is
36%
Wed.
3514
36
36%
Thurs.
3578
3R58
37%
F r i.
363s
371s
37%
[V o l .
LIV.
Tbe value o f the New Y ork exports since January 1 have
been $1,206,273 in 1892 aga'nst $1,083,707 in 1891.
There has been a good demand for brow n cottons by con
verters, w ith a fair inquiry from jobbers, and export orders
have proved som ewhat larger than o f late. Prices are steady
at previously ruling low range o f values. Sales o f bleached
shirtings have been moderate on ly, but an im proved request
is noted for colored cottons, silesias, satteens, etc. Fiat-fold
and other cam brics áre strong in sym pathy w ith print
cloths, and leading makes have been advanced %<s. per yard.
In printed fabrics, shirtings and indigo blues have been
raised J^c. per yard, w ith standard fancies steady and in fair
demand. Moderate duplicate orders have been received from
jobbers for gingham s and other wash fabrics, the distribution
o f these at second hands continuing on a free scale. Print
cloths have ruled strong throughout the w eek, advancing
1-16c. per yard, 64 squares being quoted at 3 ^ c .; 60x56s at
and 56x60s at 2% g.
1892.
Stock o f P r in t Oloths—
Jan. 30.
Held b y Providence m anufacturers. 210,000
Fall R iver m a n u fa c t u r e r s ........... 37,000
None.
Outside speculators ( e s t ) .............. .
Total stock ( p i e c e s ) .... ... . . . . . . . 247,000
1891.
Jan. 31.
341,000
425,000
5,000
771,000 *
1890.
F 'b. 1.
303.000
17,000
3,000
323,000
D omestic W oolens.— T he demand for men’s-wear fabrics
R ye has declined and closes dull and unsettled. Barley has again been on a liberal scale. A large num ber o f ou t-ofhas been taken very sparingly. A n effort is to be made to tow n buyers are present, and their operations have been sup
effect a reduction o f the im port duty. Buckw heat is dull plemented bv a good local demand. In w oolen goods, cheviots
a n d easier.
have had the preference, and present indications point
The follow in g are closing quotations :
strongly to these being the favorite fall style. W orsteds are
com paratively neglected outside o f a few special lines. Cot
F in e .............. . . $ bbl. $2 50® $3 15 Patent, w inter...........$4 7 5 ® $ 5 00
ton-warp cassimeres and satinets continue in better request
C ity shipping extras. 4 90fc ___
S u p erfin e.... . . . . . . . . 3 00 ® 3 35
E xtra, No. 2 . . . . . . . . 3 50® 3 65 R ye flour, superflne.. 4 00 ® 4 40 than some time ago, but doeskin jeans are still indifferently
called for. Overcoatings and cloakings maintain their position,
F i n e ................................. ® . . . .
E xtra, No, 1 .............. S 80® 4 25
C le a rs........................ 4 20® 4 60 Corn m eal—
large deliveries being made on previous orders, and a steady
Western, &o......... . 2 95 ® 3 10
S tra ig h ts............... .
4 50® 4 85
business com ing forw ard in the shape o f new ones. Flannels
Brandywine............ 3 20 ® 3 25
Patent, spring..........
4 85® 5 1 5
and blankets are quiet in both first and second hands. A llBuckwheat flour per 100 lbs., $1 60 ® $1 70.
[W heat flour in sacks sells at prices below those fo r barrels.]
w ool and worsted dress goods are m ostly w ell sold ahead,
GRAIN.
current output being taken care o f in all desirable lines.
0. Corn, per bush.—
e.
Wheat—
F oreign D r y G oods.—T here has been a healthy business
W est’n m ix e d ....... 47 ® 52
90 ® I 07
8prinR, per busk..
Steamer No 2 ........ 49ia® 50ia in progress during the w eek, com pleted transactions^ and
B ed winter No. 2 . 1 03 ® 1 04
87 ® 1 05
West'n y e llo w ....... 48 ® 52
R ed w inter...........
new orders m aking up a considerable total. Spcialties in
Western w h it e . . . . 50 ® 53
93 ® 1 03
W hite.....................
dress goods have again led over staple lines, there being a
Oats—M ix e d ..$ bu 3513® 37ia R ye good demand for crepons, cheviots, crinkle and other fan cy
Western, per bush. 88 ® 92
W hite.....................
37ia a 42
State and J ersey.. 88 ® 92
36 ® 37
No. 2 m ixed .........
weaves. In silks printed styles, changeables, black brocades
No. 2 w hite...........
3314® 39ia Barley—No.2West’n. 69 ® 70
and bengalines are in best request, w ith a good business done
State, 2 row ed . .. 63 ® 64
53 ® 56
£ ickw heat..............
in silk ribbons. The linen trade has been throw n into con
State, 6 row ed........ 63 ® 71
siderable confusion by the custom s authorities unexpectedly
SW F o r o th e r ta b le s u s u a lly g iv e n h ere see p a g e 2 3 3 .
raising the duty o f fringed linens from 35 per cent (under
w hich rate they have been admitted since the enactment o f
THE DRY GOODS TRADE.
the new tariff) to 50 per cent. A lthough no change in price
New York, Friday P. M ., February 5 ,1 8 9 2 .
has been made so far, this probably im plies an early advance
There has been m ore business done, in a quiet w ay, during in the goods affected.
th e past week, than for some tim e past, the attendance o f
I m p o r t a t io n s o f D r y G o o d s*
buyers being fu ll and orders numerous, although o f no great
The importations o f dry goods at this port fo r the w eek
extent individually. Agents, while still dissatisfied w ith what ending Feb. 4, 1892, and since Jan. 1, and the same facts
they are pleased to term the entire absence o f activity, have for the corresponding periods o f last year are as follow s:
lees cause for com plaint than heretofore. In view o f the fact
g
g
s
g
a
s
g
that they are in the m ajority o f instances boldin g for previ
g
ou s prices, and have in some descriptions actually raised them,
§ » s s -2 a
8 8 S?^2 %
9
8 8 £?£t2 0
0
w hile raw cotton has marked another heavy decline, the busi
c «r s -s f
H ef
I*:
0»p
2».
H Êness transacted must be looked upon as satisfactory. Buyers
li : »!
©•
are not likely to depart from a conservative policy so lon g as
©ï
01
»:
there is no absolute scarcity o f goods in sight and the price
m
OD •
0:
g*
o f cotton is so low that their imperative needs should be as
B;
is
»©!
large as the past week’s business indicates ought to be regard
« •
e d as a favorable feature. If it has not been sufficiently large
cv
t o prevent accum ulation o f stocks, then there must have been
'Îoco^ V m
OO
coco C C w —to
© I W N1
C
-3CA CAXtO
cow WWW w o
som e exaggeration in the m any statements made by agents as ©I } COCA !
O C WW©
OA
00C_ t-*^CACA W
A
to I GO rf* I
to the extent their mills w ere already under contract. D eliv
't o w
WHvlWík
* fe
H O
eries have been on a considerable scale in domestics, o f fair
HtA
W CACO -1 3 9
to<i C A C A < 1 X C 0
t o c o ! Kt0©»t0-3
O §D
p x s it o p - %
p p pXCC^îO
extent in prints, but only moderate in wash fabrics. The jo b
C p ' C O ^W H
O
oob» ¿*-©-1
t o CO Ò O CO
CAO
ccV©ww
CA© '
bing trade has been m ore active on the spot than for some
H H r-^W
M » - 09 CA fO
09 00
©O co ^ o t o to
fr^cocpao
© C A - ltO ©
tO tO O 09 ^
tim e, but is still open to a large measure o f im provem ent in
this respect, as the bulk o f the business passing is the ou t
com e o f orders from salesmen on the road. The sale o f over
'200 cases o f w hite goods at auction yesterday was a feature
o¿©xco©
09 C O O t o ^
W X
0900 CO v CD 4 * O
a
tow ç <o &
too OlMOOiO)
o f the w eek’s business, and the result o f it confirm ed what
tO O W C A C A
tO C A
too t O X © - 3
o
has been written for weeks back concerning the poor condi
MHWKOtO
tion o f this branch o f the cotton goods business.
HS
O
© ¿- ©ÍoV
M 09 tO W CA
HC ^ C O
O O
D o m e s t ic C o t t o n G o o d s . —The exports o f cotton goods
-qtOCA**M3&
3
¿-o CO © M CO-W
09 O 09O C
O
pM pp Q
O
bO
00 to
from this port for the w eek ending February 2 were 11,167
<1 C 39X00
O
¿-tO 09C
A
Ot00Q00<l
CA tO
C M—W O
O
C
CO O © CO W
-q -jtobo»^
packages, valued at $521,068, their destination being to the
H* 00
©CA/*©**
w oocoooo
toto cotooc
points specified in the table below :
1892
1891
N e w Y o r k to F e b . 5.
/Ihina, v ia VannnnvAr..___
Week. Since Jan. 1,
235
5
8,797
300
433
12
283
112
112
807
71
500
146
10,:- 09
9>>4
754
2,611
2,050
627
777
4,453
292
129
7
879
286
150
42
246
62
141
1,094
18
492
83
9,575
2,079
820
176
1,760
203
801
3,736
ISO
11,167
23,423
3,000
3,054
19,855
5,900
26,423
3,054
T ota l......................... ........ 11.167
*From New England mill pointa direct.
W © *O C A -q
t O < |.3 » W ¿ “
h - 00 0 0 CA 09
MCA W -PCA
Week. Since Jan. 1.
G reat B ritain______________
O ther E u ro p e a n ...................
-C h in a ............ .........................
tOtOH¿>©*
25,755
M O tO OD 09
to i to
bo I -co*
to
IC A
N O
lO
W CA
CA
t0COfuC* 9
sO
^co
W - J ./‘ CA ©
t o CA
09H 0090
O CO ¿>*00 09
CACO
0 CO 0000^1too
0
H O *0 9 - I M
O
C
A¿* ^ M X C no
O
O 00 to COjMP C
CAW
toio-aw^
<IÚ03®w
©1©W— 1 «
<
W 09
tO O O M
Q C -P
003900
CA
tO 09 09 IO CO
0 0 H *C A 3 9 O
to C J w to
O *
• O © to te to
dO
to w
CA 0 0
0 0 -1
tOpMuiM
t3MtO©i%
MQOCD»©
C ¿* WCA©
A
0 0 O* O O C A
h- 09 CA tO W ^
-4COW
QO¿>
*4 ¿M C C
OOO
W00 C 00co
O
lOOWH^
© io *o ©
C A - 3 0 0 *3
CA CA ! OD O 39 M 00
© 39 i X p O D W ¿»
© < CA©©V©
i1
CO N| ! CO CA M CD M
t J tO
CA O - 4 CO M
¿WWQO©
to I WMMMW
H I ©V © tOM
CA
tO W O © © »
© ¡ ¿ ► X tO^-* tO
Ü}CO©
l O D 00V
W i C A X W OCA
to
0 9 - - W - 4 CA
$3
?»
JH
ia
Meí
00&
©
to
THE
F e b r u a r y 6, 1892.)
S t a t e aw®
C ity
C H R O N IC L E .
5 e t a ® tmewt,
TERMS OF SUBSCRIPTION.
Com m ercial and Financial C H R O N IC L E c-ons 40 to 64 pages published every week,
ate and City Supplement o f C H R O N IC L E con184 pages published several times each year,
estors’ Supplement o f C H R O N IC L E (a Cycloo f Railroad Securities) contains 160 pages published
ry other month.
__________
Subscription to CHRONICLE for one year $10.00,
w hich includes every issue o f both S u p p l e m e n t s .
T h e purpose o f this State and City D epartm ent
is to furnish our subscribers w ith a weekly addition to and
continuation o f 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, w ith the new facts w e shall give, the amplifications
and corrections w e shall publish, and the m unicipal laws we
shall analyze in the “ State and City Department,” w e expect
to bring dow n weekly the inform ation 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. H ence if every Subscriber w ill note in his S u p p l e
m e n t on the page designated at the head o f each item a
reference to the page where the item in the C h r o n i c l e can
be found, he w ill at all times possess a com plete and fresh
cyclopaedia o f inform ation respecting Municipal Debts.
THE
OUTSTANDING BONDS OF THREE
LEAD IN G N E W Y O R K CITIES.
From our experience in dealing with official reports
of municipal finances we have learned that in the
case of most cities it is a difficult thing to obtain a
statement of the bonded debt which shall give the
details of each outstanding loan, include the most
recent bond issues and at the same time be accurate
and convenient for reference. In view of this fact, we
are glad to be able to publish below, for the benefit of
our readers, a revision of the debt reports (which
appeared in our recent S upplement) for the cities of
New York, Brooklyn and Albany. The statements as
now given include the details of all loans issued and
outstanding on January 1 1892. In the bond table for
New York City the amount held in the city’s sinking
fund is indicated in the case of each bond issue, and
such loans as are secured or payable in a special manner
are so designated. The correction of the table in all
these particulars has necessitated some change in
almost every line. Among other alterations in the
Albany statement, the Street Improvement Bonds,
which are payable by special assessment, have been
separated from the issues which are included under the
head of “ General Bonded Debt.” This is a decided
improvement on the former method of arrangement,
and was suggested by the Chamberlain of Albany,
Mr. Charles A. Hills. We give the New York returns
first, and following these are similar details &c. of
the debt of Brooklyn and Albany.
N EIY Y O R K C IT Y . — The consolidation o f N ew Y ork City
an d New Y ork County took p lace in the year 1873 and the city then
assum ed the coun ty debt. In the fo lio w in e statem ent loans w h olly in
the sinking fund are distinguished b y s.f. prefixed to the am ount out.
standing. Loans exem p t from tax ation have a paragraph m ark (V)
added to the title o f the loan. The letters a , to, c , d. and e prefixed
to the am ount outstanding refer to the security w hich the loans have b y
reason o f sinking funds, as fu lly explained in the fo o t notes to the
table.
< Interest.— <
—
*
Am ount
Bate
When
P rincipal,
OutstandNAME AND PURPOSE.
P . Ot. Payable.
When Due.
ing.
-Armory b o n d s .............. IT 3
M &N
A ug. 1 5 ,1 8 9 4
c$30 2,00 0
do
do ...................V 3
M &N
Aug. 1 5 ,1 8 9 5
«6 70,0 00
do
do ........................ 3 M & N
A ug. 1 5 ,1 9 0 4
c200 ,000
do
do . . . . ; . 18871T 3
M &N
N ov. 1, 1907
c341,500
Of this $91,500 is in the sinking fund
do
do
...................f 3
M &N
N ov. 1, 1909
«4 42,0 00
do
do ...................... 2 1a&3 M & N
N ov. 1,1907 c s.f.2 1 9 ,500
do
do ....................
3 M &N
N ov. 1, 1910 s.f.1 8 1 ,6 0 6
LO AN S-
,— Interest.-—.
Bate
When
NAME AND PURPOSE.
P- Ct. Payable.
M &N
Assessment b o n d s ............... 3
do
do ............. , 3
M &N
do
do ............. 1 3
M &N
do
do .................. 2*2 M & N
do
do .................. 2i2 M & N
do
do .................. 2i2 M & N
Assessment fund stock ___ 7
M &N
do
do
1874 6
M &N
do
do
1875 6
M &N
O f this $364,850 is in
do do
............. 5
M & N
LO AN S-
255
A m ount
P rincip al,
OutstandWhen D u e
ing.
N ov. 1, 18 92s.f.$ 1 3 6 0 0 0 0
N ov. 1, 1893 s.f. 1,215,000
N ov. 1, 1895 s . f 1,650,000
N ov. 1,. 1892
s . f 50,000
N ov. 1, 1893
s . f 5,000
N ov. 1, 1894 s . f 518,000
Nov. 1, 1903
336,600
N ov. 1, 1903 s .f.1 5 6 ,1 0 0
N ov. 1, 1910
900,450
the sinking fund,
N ov. 1, 1903
s .f .5 0 0
B ridge Bonds and Consolidated S to c k :—
H arlem R .B r. (consol, st.) 3 M & N
N ov. 1, 1906 c s .f.5 0 ,0 0 0
do
do(c. s.) 18 8 7 .. 3 M & N
N ov. 1. 1907 c l , 250,000
$350,000 is in the s’k’ g f ’ d and $900,000 is ta x free,
do
do (con. st.)...
3 M & N
N ov. 1, 1908 c l , 150,000
$800,000 is in the s’k’g f ’d and $850,000 is ta x free,
do
do (consol, st.) 3
......
1910
c s . f 16,650
do
do (consol, st.) 3
___ _
1911
c s . f . 89,508
do
do (consol, st.) 3
.........
1912
s .f.3 3 ,3 7 8
do
do (con. st.) V 2 ^ M & N
N ov. 1, 1910
c l7 8 ,3 0 0
do
do (consol, st.) 2 £3 M & N
N ov. 1, 1909 s .f.3 8 5 ,1 0 0
1910
c s .f.1 4 ,5 0 0
do
do (consol, st.) 2 1
2 .........
M &N
N ov. 1, 1905
1,500,000
N. Y . B ridge....... ............. 6
Of these $1,252,000 is in the sinking fund,
do
(consol, stock) 6
Q—F
M ay 1, 1926
500,000
Subject to call on or after Ju ly 1 ,1 8 9 6 .
do
do
5
Q—F
M ay 1, 1926
500,000
Subject to call on or after N ov. 1,1 896 .
do
do
5
Q—F
M ay 1, 1926
500,000
Subject to call on or after N ov. 1 ,1 9 0 0 .
N. Y . B ridge....... ................. 5
Q—F
M ay 1, 1926
c921 ,900
Subject to call on or after Nov. 1 ,1 9 0 0 ,
$421,900 being in the sinking fund
do
5
M &N
1903-1928 c s .f.3 0 0 ,0 0 0
do
4
M &N
1903-1928 c s .f .4 5 0 ,0 0 0
do
4
M &N
1905-1928 c s . f 416,666
Nov. 1, 1922 c s . f 180,000
do
(cons, stk.) 3
M &N
Ju ly 1, 1898
a275,00Q
Central Park fund stock. 6
Q—F
Ju ly 1, 1898
a399,3 00
do
do
.. 5
Q
,—F
O f this $41,500 is in sinking fund.
Cen. Park imp. f ’d stock . 6
Q—F
June 1, 1895 a l , 766,600
Of this $951,300 is in sinking fund.
City im provem en t stock
3,929,400
1879. 7
M & N
N ov. 1, 1892
ao
820,000
(consol, stock,) g. 6g. M & N
N ov. 1, 1896
do
do
6' M &N
M ay 1, 1926
445,000
Subject to call on and after Ju ly 1 ,1 8 9 6 .
do
do
... 5
M &N
M ay 1, 1926
242,803
Subject to call on and after Nov. 1 ,1 8 9 6 .
$4,803 being in the sinking fund.
do
(a llin sink. fund). 5 & 6 M & N
1892 & 1900 s .f.2 7 0 ,5 3 0
City Parks Im provem en t Fund Stock—
Issue o f 1 8 72.................... 7
M &N
Dec. 23, 1901
200,000
do 1872-73.............. 7
M & N
Sept. 3, 1902
465,000
M &N
Ju ly 1, 1903
446,000
do 1 8 7 3 ................... 7
do 1871-72.............. 6
M &N
Dec. 23, 1901
1,638,000
O f this $1,371,500 is in the sinking fund,
do (consol, sto ck ).. 6g.
J & J Jan. 1, 1902
862,000
do (p a r tco n so l.).... 6
M &N
Sept. 3, 1902 s .f.6 8 5 ,0 0 0
do 18 73-74............. 6
M &N
Ju ly 1, 1903
804,000
O f this $704,000 is in the sinking fund.
do 1875-76.............. 6
M &N
Ju ly 1, 1904
225,000
O f this $125,000 is in the sinking fund.
do 1 8 7 7 -8 0 ........... 5
M &N
Ju ly 1, 1904 s .f.3 3 6 ,0 0 0
Consolidated Stock—
C ity...........................
7
M &N
N ov. 1, 1894
1,955,000
do “ B. a n d C .” ...........
7
J & D
Dec.
1, 1896
6,324,700
Nov.
1, 1894 s .f.5 0 0 ,0 0 0
do ................................... 6 M & N
do g o ld ............................ 6 g M & N
N ov. 1, 1896
1,564,000
do g o ld ........................ .
6g J & J
Ju ly
1, 1901
4,252,500
do “ D .” ............................ 6
M &N
M ay
1, 1926
1,436,525
Subject to call on and after Ju ly 1 ,1 8 9 6 .
$525 being in the sinking fund.
do “ E .” ............................ 6
M &N
M ay
1, 1916
121,825
Subject to call on and after N ov. 1 ,1 8 9 6 .
$1,824 bein g in the sinking fund.
do “ F .” ............................. 5 M & N
M ay
1, 1916
300,000
Subject to call on and after Nov. 1 ,1 8 9 6 .
N ov. 1, 1897
200,000
do “ G.” ............................ 5 M & N
O f this $169,000 is in the sinking fund.
do No. 2, g o ld ................. 5 g M & N
N ov.
1, 1928 b6 ,900,000
Subject to call on and after N ov. 1 .1 9 0 8 .
N ov. 1, 1 8 9 9 c s . f 689,735
do “ L and M” ................. 4 & 5 M & N
do No. 2,1T........................ 4 M & N
N ov. 1, 1910 to2,800,000
Dec.
1, 1896
1,680,200
County “ A ” and “ B ” ....... 7 J & D
do g o ld ....................... 6 g J & J
Ju ly
1, 1901
8,885,500
a M &N
N ov. 1, 1929
e9 ,782,000
N ew parks, e tc.,............. If. 2 1
Subject to call on or after N ov. 1 ,1 9 0 9 ,
$425,000 being in the sinking fund.
R e p a v in g .......................... 3
M &N
N ov. 1, 1909 c s . f 105,000
do
............................ f 3
M &N
N ov. 1, 1910
c l , 000,000
do
.............. ............... 3
M &N
N ov. 1, 1911 c s . f . 1000000
do
.............................. 2 ^
M &N
N ov. 1, 1909 c s .f.895,000
R iker’ s Islan d..................1f 3
M &N
A ug. 1 5 ,1 8 9 4
c l8 0 ,0 0 0
Am . M useumNat. H ist’ y ^ ^ & S M & N
Nov. 1, 1913 c s.f.8 0 0 ,000
E ast R iver P ark .............. 3
M &N
N ov. 1, 1907
s . f 7,000
do
.............. 3
M &N
Nov. 1, 1911 s . f 522,118
do
.............. 2^3 M & N
N ov. 1, 1907
s .f.3 ,5 0 0
G ansevoort m arket......... 3
M &N
1907 to 1909 c s . f 503,715
M etropolitan M u seu m ...2 ^a&S M & N
1905 to 1913 c s . f 577,000
M ornihgside p ark............ 2 1
s&3 M & N
N ov. 1, 1907 c s . f 325,000
Other sm all loa n s............ 2*2&3 M & N
1894 to 1909 c s . f 299,000
Court H ouse B onds and Stock :
Criminal Court H o u s e ... 3
M & N
19 00-1908 c s . f 100,000
do
do
..IT 3
M & N
1901-1908 c s .f.3 0 0 ,0 0 0
do
do
..tf 3
M &N
1902-1808 c s . f 125,000
do
do
. . . . 2*2
M &N
1900.1908
c s .f.3 5 ,0 0 0
N .Y .C ’n ty C ou rtH ’ sest’k 6
M &N
N ov. 1,
1892
a l0 0 ,0 0 0
O f this $95,300 is in the sinking fund,
do
do
6
M & N
1894
s .f.1 0 0 ,0 0 0
do
do
6
M & N N ov. 1, 1896
54,091
O f this $13,891 is in the sinking fund,
do
do
5
M & N N ov. 1, 1898
384,500
O f this $234,500 is in the sinking fund,
do
do
4&5 M & N
1896 & 1898 s . f 114,500
P olice and Dist. cou rts.. 3
M &N
N ov. 1, 1911 c s . f 75,000
do
do
.. 3
M & N
N ov. 1, 1912 c s . f 25,000
D ock bonds........................... 7
M &N
N ov. 1,
1901
500,000
do
.........................
7
M &N
N ov. 1,
1902
750,000
do
........................... 7
M &N
N ov. 1,
1904
348,800
do
(con sol.st’k ) .. . 6g. J & J Ju ly 1, 1901
1,000,000
do
............ .............. 6
M &N
N ov. 1,
1905 1,0 65,2 00
O f this $321,200 is in the sinking fund.
2 ,6
THE
C H k O N IO L E .
[V o l . L IV ,
TOTAL DEBT, SINKING FUNDS, Et c —The subjoined statem ent
A m ount
,— Interest.— ,
P rincip al,
Outstand
shows New Y ork ’ s total m unicipal debt and the sinking fund held b y
LOAN SRate
When
When Due.
ing.
NAME AND PURPOSE.
P. 0t. Payable.
the city against the same on the 1st o f January o f each o f the la st
1902 to 1906 s . f . $ l , 376,000
M & N
D o ck b o n d s........................... 6
fou r years.
No V, 1-,
c500 ,000
do
...................
5
M & N ________ 1909
1892.
1891.
O f this $300,000 is in the sinking fund.
d ebt...............................
$146,371,0‘
do
. . . . . . . . . . . . . . ....... 5
M &N
N ov. 1, 1908
541,20° T ota l funded..........................................$150,298,869
Sinking fu nd
52,783,433
48,513,T
O f this $372,000 is in sinking fund and $225,000 payable from C.
do
.......................
5
M &N
1906 to 1911 s . f . l , 449,800 Net funded d eb t............................... $97,515,436
$97,8?
O f this $711,000 is p ayable from “' c .”
2
R evenue b on d s.....................................
34,600
do
........................... 4
M &N
1911 to 1914 s.f.2,747,000
do
........................IT 3*2
M &N
N ov. 1, 1915 e 1,150,000
T otal net d eb t......................
$97,550,036
do
.......................... 3
M &N
N ov. 1,
1914 «6 25,0 00
li
1890.
O f this $270,000 is in the sinking fund and $355,000 ta x exem p t.
$132,
.........................IT 3
M & N
N ov. 1, 1916
«5 00,0 00 T otal funded d eb t.................................$141,839.028
do
4 4 ,4 .
do
.....................I T 3
M &N
N ov. 1, 1917
Sinking fu nd ........................................
45,638,142
do
.........................U 3
M &N
N ov. 1, 1918 c l , 000,000
$88,010,4
Of this $500,000 is in the sinking fund.
■
Net funded debt............................... $96,200,885
do
.........................f 3
M &N
N ov. 1, 1919 c l , 000,000 R evenue b on d s....................................
3,302,730'
2,462,187
do
.........................If 3
M &N
N ov. 1, 1920 c l , 050,000
do
...............................3
M &N
N ov. 1, 1921 c l , 700,000
T otal net d eb t............................. .
$98,663,072
$91,313,135
Of this $450,000 is in the sinking fund.
The annexed table shows the city ’ s net debt as it w as on the first d ay
N ov. 1, 1922 s .f.3 5 0 ,0 0 0
.If 3
M &N
1919 & 1920 c s.f.450 ,000 o f January o f each o f the follow in g years:
do
........................ If 2*2 M & N
M &N
N ov. 1, 1899 s.f.5 2 1 ,9 5 2 1892.........$97,55 0,03 6 1 8 87........ $90,395,634 1 8 7 6 .... $116,773,721
F ire departm ent.............. 6
75.000 1891....... 98,064,418 1886........ 93,031,951 1 8 7 1 .... 73,373,5551
M & N
M arket sto ck ..................... 7
M ay 1, 1894
40.000 1890....... 98,663,072 1885........ 93,648,100 1 8 6 6 .... 35,973,597
do
...............
7
M &N
M ay 1, 1897
s .f.1 8 1 ,0 0 0 1889....... 91,313,135 18 81........ 106,066,240 1 8 6 2 .... 20,087,301
do
.................. . . 6
M &N
M ay 1, 1897
Museum A rt, etc............. Var. M & N
M ay 1, 1903 s .f.9 5 8 ,0 0 0 1 8 8 8 ..... 93,300,581
34,600
R evenue b on d s. : ................. .
.........
SINKING FU N DS—The total sin k in g 'fu n d assets on January 1,.
School Funds—
1892, as stated above, w ere $52,783,433. Of this am ount $4,213,468
School h. bonds
1T3
M &N
Aug. 1 5 ,1 8 9 4 c l , 000.000 was held in a special sinking fu nd (sinking fund redem ption No. II.) f o r
c958,000
do
bonds
M &N
1T3
N ov. 1, 1897
account o f certain w ater bonds and $48,569,965 (sinking fund redem pO f this $8,000 is in the sinking fund,
¡ion No. I.) was held fo r certain other sinking fund issues. The charaoilTS
do
bonds
If3
M &N
N ov. 1, 1908 c 2 ,915,768
I
O f this $802 is in the sinking fund,
er o f the assets o f the tw o sinking funds here referred to is eviden t
do
bonds | «-£
3
M &N
N ov. 1, 1908
c449,806
from the fo llo w in g :
O f this $22,767 is in the sinking fund,
Sinking Fund S inking Fund
do
bonds |
2*2 M & N
1897-1908 c s.f.1 2 2 ,0 3 7
Total.
Redemption I. Redem ption II.
O f this $42,000 is t a x exem pt.
$45,619,564
$3,350,000
N. Y . City bonds (par value) .$42,269,564
Soldiers’ B oun ty Fund:—
7,163,869
863,468
Cash.........................................
6,300,401
No. 3 o f 1 8 65................. 7
M &N
N ov. 1, 1895
151,000
do
do .......... . . . . 7
M &N
N ov. 1, 1896
401,600
$4,213,468
$52,783,433
T ota l....................... $48,569,965
O f this $100,000 is in the sinking fund.
The totals o f the various issues having a lien on these sinking funds,,
do
do
193,200
M &N
N ov. 1, 1897
do
do
25,700 and the order o f their lien, are shown in the fo llo w in g ; the num ber p re
■Water Stock and Bonds—
fixed in each case being the same as that used in the table o f bondsA dd’l Croton W ater Stock 4
M & N
.l8 9 9 c s .f.2 2 3 0 0 0 0
do
do
1895
c240,000 above to designate the issues having such lien.
N ov.
1 l i M &N
do
do
1899
c500,000 a T otal issues having a first lien on sinking fund redem p
M &N
N ov.
T 3
i
do
1899 s.f.259,000
do
M & ¡N
3
N ov.
tion No. I ............ ........................... ......... ............... ............. $4,268,000
do
do
M &N
1 9 0 4 d s .f.1800000 b Total issues having a second lien on sinking fund
3
N ov.
do
do
N ov.
2hl M & N
redem ption No. I . ................................................................... 9,700,000
A dditional new croton
c Consolidated stock, etc., having a lien on special fund
acqueduct sto ck ........... 7
M &N
A ug. 1, 1900 a l , 004,500
derived from taxation and from sinking fu nd redem p_
do
do
........... 6
M &N
Aug. 1, 1900
a269,800
tion No. I ................. ................................................................ 37,633.727
do
do
. . . ___ 5
M &N
A ug. 1, 1900
a57,000 d Total issues payable from sinking fund redem p tion N o.il. 26,600,000
A dditional w ater stock, if 3 ^ A & O
Oct. 1, 1933
300,000
Consolidated stock (new parks) payable from sinking
Subject to call on and after Oct. 1 ,1 9 1 3 .
fund redem ption No. I m accordance w ith a ct o f au____
do do
.................. If 3*2
A & O Oct. 1, 1904 d l , 500,000
thorization
......... .-. ........— ,. - .......... ................ 9,7 82,0 00
do do
..................IT 3
A & O Oct. 1, 19 39
145,000
F or further inform ation touching the sinking funds, the reader is
Subject to call on and after Oct. 1 ,1 9 1 3 .
referred to the abstract o f the New Y ork law relating to the sam e,
$45,000 being in the sinking fund.
do do
............... ..I f 3
A & O
Oct. 1, 1994 d 6 ,000,000 which is given below , and to the above detailed statement o f the city’ s
O f this $1,000,000 is in the sinking fund,
do
do
. ...I f 3
A & O
Oct. 1, 1905 d 5 ,000,000 debt, in w hich are indicated both the principal holdings o f the sinking
do
do
...,1 f 3
A & O
Oct.. 1, ,1907 d l l , 050,000 fund, and the several issues held b y the public to which the sinking
O f this $2,850,900 is in the sinking fund.
fund applies.
^ do
do
___ If 2*2 A & O
Oct. 1, 1 9 0 7 d s .f.9 5 0 ;0 0 0
DEBT L IM IT A T IO N .—The Legislature passed a la w in 1885 that th e
G rotonR eservoir.............. 6
Q—F
A ug. 1,- 1907
- »2 0,00 0
Croton w ater m ain stock 7
M &N
N ov. 1, 1900
2,228,000 indebtedness should n ot exceed 10 per cent o f the assessed valuation of
O f this $44,000 is in the sinking-fund,
real estate, and this 10 per cent w as construed b y the Court o f A ppeals
do
do
.. 6
M & N K o v --1, 19001,256,000 not to include the bonds in the sinking fu nd as a part o f the debt. Bee
O f this $972,000 is in the sinking fund
do
do
..5
M & N Nov. 1, 1900 s.f.2 4 8 ,0 0 0 full statement under New Y ork State.
T
do
do
.
5
M &N
Nov. 1, 1906
1,449,000
ASSESSED V A L U A T IO N .—The city ’ s assessed valuation and ta x
O f this $1,276,000 is in the sinking fund.
, do
do
..4
M &N
s .f.1 5 ,0 0 0 rate have been as fo llo w s :
Nov. 1, 1906
Total Assessed Rate o f TaxPersonal
W ater stock o f 1870........ 7
M &N
a412,000 Years—
N ov. 1, 1902
Valuation. per $1,000.
Estate.
Real Estate.
do
do
...... 6
M &N
Nov. 1, 1902
a63,000 1891.........$1,464,247,820
$1900
$1,785,857,338
$321,609,518
19*70
1,696,978,390
298,688,383
1890......... 1,398,290,007
A n n e x e d T e r r it o r y B o n d s.
19*50
1,603,839,113
272,260,822
1889......... 1,331,578,291
T o w n o f M orrisania—
22-20
1,553,442,431
250,623,552
1888......... 1,302,818,879
21-60
1,507,640,663
253,148,814
1,254,491,849
Central A v. construction 7
A nn’ly ^ 1892 to 1915 £
23,500 1887......... 1,203,941,065
22-60
1,420,968,286
217,027.221
$1,000 yearly.
1886.........
241,371,117,003
202,673,866
do
do
7
semi-an $ 1916 to 1980 I
65,000 1885......... 1,168,443,137
251,143,765,727
$1,000 yearly.
201,194,037
942,571,690
1880.
29-40
N .B ro th e rsIsl. purchase 7
M & 8^ 1892, ’9 3 & ’ 94
1,100,943,699
217,300,154
883,643,545
5.000 1875.
22-50
1,047,388,449
305,285,374
1892 to 1910 I
742,103,075
1870.
St. A nn’ s A v. construct’n 7
M & s|
19,000
29 -90
608,784,355
181,423,471
427,360,884
$1,000 yearly.
1865.
19-98
So. B oulevard construct. 7
M & S
581,579,971
174,624,306
1892
406,955,665
7 .000 1861.
T ow n o f W est Farm s—
EXPENDITURES.—
Annexed is a statement of expenditures for the
5 A n’ly &
1892 to 2147
Central A v . construction
ig fii
I s’mi-an.
$1,000 yearly. l 254,000 years 1891 and 1 8 9 0 :
1890.
$4,519,641
¿ These bonds m ature $1,000 yearly, ex ce p t in the y ears 1916 and F or State t a x e s ...................... ....................... $3,973,890
For Expenses o f the City G o v e r n m e n t1 9 17 when in each year $1,500 m ature; in 1949 and 1975, n o n e ; in
5,199,722
Interest on the city d ebt.............................
5,084,803
,19 50, $ 2 ,0 0 0 ; in 1959 and 2147, each $500. The interest on about
1,080,617“
Redem ption o f the city d ebt......................
1,307,591
81,023
77,432
one-half the bonds is paid annually, and on the remainder
The Common Council
26,797
26,044
The M ayoralty...........
annually.
28 7,66 6
292,056
Finance Department.
¡1892 to 1897
188,816
205,841
Franklin A v. constr’tion. 7
Law Departm ent
M &
6,000
$1,000 yearly.
3,150,586
D epartm ent o f P ublic W orks.....................
3,151,648
1892 to 1895 '
1,122,404
966,806
Departm ent o f Pubm TParks....... ............
M adison A v. constr’ tion. 7
M &
8,000
2,124*750
A $2,000 yearly.
Departm ent o f P ublic Charities, & c........
2,099,884
1892 to 1908
390,434
Health D epartm ent.....................................
4,IX£&1
So. B oulevard constr’t ’n. 7
M &
170,000
4,5 87,5 90
A $10,000 yearly.
P olice D ep a rtm en t......................................
4,773,187
(m. do
do
7
M & s
1909
8,500
1,315,912
D epartm ent o f Street Cleaning................
1,546,343
So. B ’lev ’d m acadam iz’g. 7
M & s
1892
2,000
2,123,367
Fire Departm ent...........................................
2,238,405
4,149,563
B oard o f E ducation..................
4,230,264
146,730
College o f the City o f New Y o rk ..............
144,273
a. T hese bonds are a first lien on “ sinking fund redem ption No. I.”
120,643
Norm al C ollege..............
122,799
b Thèse bonds are a second lien on “ sinking fund redem ption No. I.”
112,562
Departm ent o f T axes and A ssessm ents..
112,127
¡ jo .«T h e se bonds and stocks are secured b y special fund derived from
1,456,971
The J u d icia ry ...............................................jj 1,461,060
tax ation and from “ sinking fu nd redem ption No. I .”
24 1,74 0
325,881
Advertising, Pointing, & o..........................
d.These w ater bondsare p ayablefrom “ sinking fu n d red em ption N o.il
19,772
M unicipal Service E xam ining B o a rd s...
19,589
,
Payable from sinking fu nd redem ption No. I under law authorizing
52,194
The C oroners...................................................
50,849
their issue.
63,444
124,138
¿¿..PAR VALUE OF BONDS.—
The denom inations o f the bonds and The R e g is te r ..,......... . ....................................
26,991
27,393
.-(Stock o f the city o f N ew Y ork are n ot fixed. Certificates are issued fo r The Commissioners o f A c c o u n t s ...............
499,685
Bureau o f E lections...................
298,187
! an y am ount in even hundreds, w ith $500 as the minimum.
128,154
Judgm ents— m ............................. .............. •
1,154,644
fm-matories. c .........................
1.175,483
1,175,483
0 <INTEREST—
WHERE P A Y A B L E .-C o u p o n interest is payable at Asylum s, reform atories, & c_________
489*100
823,327
lla n e o u
-... . ...
•State Trust C om pany! registered interest at office o f City Chamber- M is c eo f Street s .-., A - 23d and .24th w a rd s.
234,844
Dept,
Im p ts
m n; interest q i^ t fr e g o ld cou p on bonds o f 1901 and 1902 is p ayable
T
o t a l . . ...............................$36,179)454
$34,985,680
also at Messrs. R othschilds in London.
00
40
February
TH E
6, 1812.]
257
C H R O N IC L E .
B R O O K L Y N •— Mr. D avid A. B ood y is tlie present M ayor
o f B rooklyn. The city covers m ost o f the area o f Kings County, and it
is therefore in d ire ctly responsible fo r the county’ s debt, w hich county
d eb t on Jan. 1 1892 am ounted to $6,475,402 24. B rook lyn has
T o w n w ith great rapidity, and has consequently been obliged to issue
f la te years a large am ount o f bonds fo r city im provem ents, w ater
orks, etc. In the follow in g statem ent loans w h olly in the sinking
d are distinguished b y s . f . prefixed to the am ount outstanding,
a paragraph m ark (Hj added to the title o f a loan indicates that it
m p t from taxation.
OANS—
-— Interest.— . .— —:---- P rincipal.W h en D u e.
O utstand’g.
ND PURPOSE.
B a te. P a ya b le.
July I 1923
1,650,000
ge 10-40s................. 4
J & J
Subject to call July 1 1893 $150,000 in sinking fund.
~
~ Ju ly 1, 1924
U |
549,000
coun ty t a x e s ... 4
J & J
700,000
10-40S................. 3*2 J & J July 1, 1924
Subject to call Ju ly 1 ,1 8 9 4
r id g e B onds —
.
_ .
nnr.
l
B rook lyn C ity bonds cC l J & J
J u]y J*
l o o non
fo r
<
Ju ly 1, 1906
400.000
\ l7 J & J
com p letion o f bridge. (.1
(7 J & J
Ju ly 1, 1907
345,000
bridge,
Jo
do
7 J & J Ju ly 1, 1908
100,000
1
do
do
do
do
..
6
Ju ly 1, 1908
260,000
do
....... 6 J & J
do
do
do
.
6
Ju ly 1, 1909
400,000
6 J & J
do
----do
do
do
.... 6
J &
J Ju ly 1, 1910
440,000
.......
do
do
d o do
Ju ly 1, 1911
400,000
.......
do .................. 6 J & J
do
do do
Ju ly 1, 1912
400,000
do .................. 6 J & J
.......
do
Ju ly 1, 1914
350,000
d o do
do ................. 6 J & J
.......
do
do
do
Ju ly 1, 1916
300,000
do
....... 6 J & J
do
do do
................. 5
J & J
Ju ly 1, 1917
500,000
.......
do
do
d o do
Ju ly 1, 1918
250,000
.......
do ................. 5 J & J
do
do do
.................. 5 J & J
Ju ly 1, 1919
810,000
do
.......
do
do
Ju ly 1, 1920
319,000
do .................. 5 J & J
.......
do do
do
do
Ju ly 1, 1921
371,000
. 4 J & J
do
.......
do
do do
Ju ly 1, 1922
400,000
.......
do ................. 4 J & J
do
do
do
..
4
Ju ly 1, 1923
200,000
do
....... . 4 J & J
do
do
do
4
1, 1925
257,000
do
....... 4 J &J * Jan.
do
"*
J &
J Ju ly 1, 1927
300,000
do
....... 4
do
do
do
" ...
J &
J Ju ly 1, 1928
356,000
....... 4
do
Ju ly 1. 1900
50,000
H ew Y ork Bridge ....... 7
7 J & J
N
X T i J U 1’ 1901- 04 ) A QQQ
r
l^
QQ
....... , 7
do
do
& J I $ 100,000 yearly. 5 4UU,UUU
&
J Ju ly 1, 1905
71,000
do
------ 7
do
&
J Ju ly 1, 1906
128,000
do
....... 7
do
&
J Ju ly 1, 1907
101.000
do
----- 7
do
& J Ju ly 1, 1908
50,000
do
----- , 7
do
& J Ju ly 1, 1909
100,000
7
do
—
do
& J Ju ly 1, 1910
100,000
7
do
—
do
& J Ju ly 1, 1911
50,000
----- 7
do
do
. t 5 July 1 , 1912-’ 16 ) 500 000
----- 7
do
do
& J I $ 100,000 yearly. 5 5UU,0UU
& J Ju ly 1, 1917
91,000
7
do
—
do
& J Ju ly 1, 1918
105,000
do
— . 7
do
& J Ju ly 1, 1919
104,000
7
do
—
do
& J Ju ly 1, 1920
200,000
7
___
do
do
& J Ju ly 1, 1921
181,000
7
do
—
do
& J Ju ly 1, 1922
154,000
7
do
----do
& J Ju ly 1, 1924
65,000
7
do
—
do
& J Jan. 1, 1921-’ 26 360,000
3
do
----do
________
_____
is in the sinking fund.
I m pr o v e m e n t B onds .—V arious purposes.
_ ’
_
T . T S Ju ly 2, 1892-’ 95 ?
28,000
F ourth avenue im pts—
7
J & J ^ $7,000 yearly. 5
,— Interest.— .
LO A N S Bate. Payable.
NAME AND PURPOSE.
W ater bon ds..................... 7
-Principal.When Due.
OutstancPg
Ju ly 1, 1909
$ 100,000
Jan. 1, 1910
341.000
Ju ly 1, 1910
97.000
Ju ly 1, 1912
97.000
1.429.000
Ju ly 1, 1896
2.715.000
Ju ly 1, 1899
1.229.000
Jan. 1, 1902
260.000
Jan. 1, 1904
30.000
Jan 1, 1906
445.000
Jan. 1, 1907
100.000
Jan. 1, 1909
389.000
Ju ly 1, 1914
500.000
Jan. 1, 1905
500.000
Jan. 1, 1906
500.000
Ju ly 1, 1908
600.000
Jan. 1, 1909
1.400.000
Jan. 1, 1910
1.500.000
Jan. 1. 1911
PAR VALUE OF BONDS.— rooklyn’ s bonds nearly all fo r $1,000
B
T A X F R EE .—Doans w hich are exem pt from taxation have a p ara’,
graph m ark (IT) added to the title o f the loan. The school building
bonds are exem pt from loca l ta x only.
INTEREST—W H ER E P A Y A B L E .—Interest on registered bon ds is
paid at the office o f City Treasurer in the City H all, B rooklyn. C oupon
interest is p ayable at the Nassau Nat. Bank o f B rooklyn.
T O T A L DEBT, SINKING FUNDS, Etc .—The subjoined statem ent
shows B rooklyn’ s total debt, and the sinking fund held b y the city
against the same, on the first o f January o f each o f the last three years_
1892.
1891.
1890.
$28,867,704
Ordinary d ebt.. . . . .$29,253,161
$27,662,161
12,282,500
W ater debt............. 12,666,000
10,582,000
353,000
Tem porary debt....
833,000
948,000
3,000,000
T a x certificates....
3,000,000
3,000,000
T otal d eb t................. . - $45,752,161
Sinking fu n d s........
3.327,371
$42,192,161
4,060,595
$44,503,204
9,863,662
N et debt on Jan. 3 . . . . $42,424,790 ¡3 R $38,131,566
U8
$34,639,542
The debt o f Kings County, separate from the debt o f
B rooklyn , on
January 1, 1892, w as $6,475,402 24, o f w hich the city is responsible
fo r nineteen-twentieths.
SINKING FU N D .—The sinking fu nd is invested in the city ’ s ow n
bonds, those issues m arked w ith “ s . f . ” in the table ab ove bein g
held entirely b y this fund.
D E B T —H O W T O BE PA ID .—The total debt on Jan. 1, 1892, as
above stated, was $45,752,161. The m anner in w hich this am ount is
to be raised is set forth in the follow in g statement:
B y ta x on city at large, various bonds — . ............................ $16,708,000
B y ta x on first 25 wards, various b o n d s ..................................
3,848,161
Water loans b y first 25 wards (interest from w ater revenue) 12,666,000
P rospect Park loans b y ta x on the first 12 and the 20th to
25 th w ard s.........................................................................
8,697,000
T ax certificates b y arrears o f taxes o f previous y e a r s ......... 3,000,000
Special loans b y assessment on prop erty benefltted..............
833,000
$45,752,161
The $3,848,161 bonds payable b y ta x on the first 25 wards include alj
the arrearage bonds, the local im provem ent bonds due Ju ly 1 ,1 8 9 3 , the
O f this loan $2,000 is in the sinking fund.
Ju ly 2 , 1892-’ 95 )
40.000 soldiers’ aid fund bonds and the certificates o f indebtedness fo r the
J & J 1 $10,000 yearly. 5
.. 6
do
do
200,000 Third A venue and the K nickerbocker A venue sewers.
Ju ly 1, 1893
J & J
■ 4
IT
The $833,000 special loans p ayable b y assessment on the p rop erty
f Feb. 13, 1904-’ 16 ) 1,300,000
. 3
do
do
l $100,000 yearly. 5
benefltted include the 4th and 8th w ard im provem ent bonds and the
T < Jan. 1 , 1916-’24 > 900.000
J & J ($ 10 0 ,0 0 0 yearly. 5
I 3
26th and adjacent w ards sewer bonds.
do fund,
do
J
C IT Y PROPERTY.—The city ow ns real estate and personal p rop
O f this loan $400,000 is in the sinking fund.
' Ju ly 1 , 1905-’ 10 ) 600.000 erty w h ich it values at $37,745,809, this including $9,236,000 fo r
E ighth w ard im prov.. IT
$ 100,000 yearly.•>
_____B g
N gi
50.000 P rospect Park and $18,386,662 fo r the w ater works. In addition it
Ju ly 1, 1911
&
do
do ..........
ow ns $10,013,000 stock in the New Y ork and B rooklyn Bridge. The
Jan. 21, 1917-’ 20 >
& J $ 100,000 yearly. > 400,000
School im provem en t.. . . IT
earnings o f the bridge in 1891 from tolls w ere $1,176,448, the tota l
t 5 Jan. 1 , 1916-’ 23 ) s o o rtrtO receipts being $1,289,785. A t present the surplus over operatin g
J & J I $ 100,000 yearly. I 800’000
do
do
expenses is all consum ed in enlarging term inal facilities.
P a r k B o n d s—
6.561.000
July. 1, 1915
ASSESSED V A L U A T IO N .—The city ’s assessed valuation and t a x
P rospect Park................... 7 J
134.000
Ju ly 1, 1916
J
do
do ....................... 7
500.000 rate have been as follow s. Im proved real estate in this city is assessed
Jan. 1, 1917
do
do ........................ 7
J
410.000 at about 70 per cent o f its actual value, and unim proved real estate at
Jan. 1, 1918
...................... 7
J
do
1.092.000 about 50 per cent.
Ju ly 1, 1924
do
do .........
6 J
Jan. 1, 1912-’ 16 349,000
Park purchase bon ds___ 3
J
B a te o f T a x
P erson a l
B ea l
p er $1,000.
P ro p erty .
Total.
S e w e r B o n d s a n d C e r t if ic a t e s o f D e b t :
Tears.
Estate.
Jan.1,1892, to ’ 9 4 )
o c c n o 1891.............. $448,802,470
$18,111,779
$466,914,249 $25-67
Cert, o f debt 3d av. sewer 3 1
$42,000 yearly. 5 8 f l2 b ouo 1890.............. 430,911,794
29-482
21,846,807
452,758,601
Jan. 1, 1892
175,000 1889.............. 407,127,535
26-50
21,330,546
358,270,667
do
sew er............... 3 ]
July2,’ 92,to 1905 ) 401 000 1888.............. 385,904,998
2622,597,240
354,140,088
do
K nick.A v.se’r 3 ]
$29,000 yearly. $ 4Ui,uuu 1887.............. 362,166,083
27- 595
21,685,591
383,851,674
J u ly l,1 9 0 6 & ’ 07 s.f.49,161 1886.............. 339,922,812
27-347
do
do
3
14,217,276
408,502,238
Ju ly 1, 1908
s.f.90,000 1885.............. 336,221,357
29-482
22,(149,310
428,458,081
M ain sewer relief, e tc —
3
Ju ly 1, 1922 s.f.117,000 1 8 80.............. 223,620,197
26-90
11,215,794
234,835,991
do
do
___ 3
J u ly l,1 9 2 3 ,to ’ 26 > 400 000
The ta x rate fo r 1891 as given in the above table was m ade up o f
do
do
___ 3
$ 100,000 yearly. $ 4UU’
T w enty-sixth and adja-> o
115,000 State ta x $1-26, coun ty t a x $4-62 and city ta x proper $19-79.
J & J
Jan. 1, 1914
cent w ards.....................>
S it e
an d
563
B u il d in g L o a n s :
T 5Jan.1,’ 94, to 1903 ) a f e n 000
F ourth P recinct station.. 3
J I $5,000 yearly. 5 sf;5U,U
J Ju lyl,1914 & 191 5 sf.265,000
M unicipal site.................. 3
250.000
Jan. 1, 1917
P u blic m arket................. IT 3
250.000
Jan. 1, 1918
do
do ................ f 3*
250.000
Jan. 1, 1919
do
do .............IT 3 1
. T SJ u ly l,1 9 2 0 ,to ’ 24 ) 5 0 0.00 0
P ublic site and const’ ot’n 3
® d I $ 100,000 yearly. 5
O f this loan $100,000, due in 1921, is in sinking fund.
4,000
& J
Jan. 1, 1917
S ch ool bu ildin g.......... if 3
50,000
do
do ,. . . . . . . . 1 T 3
J
Jan. 1, 1918
50.000
J
Jan. 1, 1919
do
do . . . .
-IT 3
u ly l,’ 9 2 ,to 1900 s f 135,000
Sold’rs’ and sail’rs’ m on’t 3
& J J$15,000 yearly.
S o l d ie r s ’ A i d F u n d —
Soldiers’ A id F un d ........ 7
do
do
....... 7
do
do
; . . ___ 7
Jan. 1, 1892
Jan. 1, 1893
Jan. 1, 1894
61.000
52.000
60.000
1894
Apr. 2 3 ,1 8 9 4
Oct. 2 6 ,1 8 9 2
N ov. 1, 1892
1,000,000
1,000,000
500.000
500.000
Jan, 1, 1904
Jan. 1, 1906
J a n v 1, 1909
287.000
60,000
87,000
T a x C e r t if ic a t e s —
T a x certificates................ 4
do
do
.............. 3^2
do
do
..... ....... 3
do
do . . . . . . . . . . 3
W a t e r B o n d s—
W ater b on d s.....................
do
do _____ ______
¿0
do ...........1 ........
7
7
7
A L B A N Y . — Mr. James H. M anning continues to officiate as
M ayor o f this city. In the statem ent o f the city ’s total debt only the
loans under the headings 1G eneral B onded D ebt” and “ W ater D ebt”
are included.
GEN ERAL BONDED DEBT.
LO ANS-
,— In terest .— >
NAME AND PURPOSE.
B u il d in g
and
B a te.
P a ya b le.
-P r in c ip a l.
W h en D u e .
O utstand'g.
S it e B o n d s :
P. O. site 1 8 74..................... 7
Congress H all 1 8 66........... 6
P ublic M arket 1 8 8 8 ... .... 4
M
F
r
J
&
&
o
&
City H a ll.................1 8 8 2
do do
..................1882
City im provem en t— 1871
do
do
....1 8 7 0
do
do
___ 1870
J &
J &
,, t
M &
M &
• j
»T
M &
t
1
Sewer (Beaver C r .)... 1889
3
M &
N
M ay 1, 1904
$115,000
A Feb. 1892 to 1894
c48,0 00
T 5 Jnn. ’ 92 to 1908 ). \hq OOO
J * $ 10,000yearly. \ 17U,UUU
r 5July 1, ’05 to ’0 9 )
ok OOO
J l $25,000 yearly. $ al25,0UU
b20,000
J
July 1, 1910
a 5M arch 1892-1894 >
o £ $10,000 yearly. 5 b30,000 c
b50,000
S M arch 1, 1895
0 5M arch 1896-1900)
OOO
8 1 $60,000 yearly \ to298’00°
90,000
S ^ Q O O ^ y e a r ly . $
268
TH E
C H R O N IC L E .
fVOL, L I Y .
LOANS> Interest.— , ,-------------- P rincip al.------------- »
—
R eal
P ersonal
Rate o f Tax
NAME AND PURPOSE.
Rate. Payable.
When Due.
Outstand’g. ¡Y ea rs.
Estate.
P roperty.
Total.
p er $1,000.
$3,764,550
$35,070,224
$35-60
b$50,0 00 1 8 7 5 ................ ..$ 3 1 ,3 0 5 ,6 7 4
W ashington P a rk ___1870 7
A ug. 1, 1910
M & N
5,954,825
30,936,336
45-70
b l0 0 ,0 0 0 ; 1 8 7 0 ................... 24,981,511
do
do . ...1 8 7 1 7
M Sc N
M ay 1, 1911
8,637,156
29,235,165
36-20
blOOjOOO 1 8 6 5 ................... 20,598,009
do
do . ...1 8 7 2 7
M Sc N
M ay 1, 1912
6,006,803
26,290,048
12-60
b l5 5 ,0 0 0 I 8 6 0 ................... 20,283,245
do
do . ...1 8 7 4 7
M Sc N
M ay 1, 1914
4,852,847
22,375,261
14-90
b 4 9,00 0 ! 1 8 5 5 ................... 17,522,414
do
do . ...1 8 7 4 7
M S N
c
M ay 1, 1916
9,430,100
3,171,589
12,61-1,689
15-70
b7 5,00 0 i 1 § £ 2 ...................
do
do . ...1 8 7 5 6
M Sc N
M ay 1, 1915
7,792,340
3,449,098
11,241,438
1320
b 3 7,00 0 : 1 8 4 6 ...................
do
do . ...1 8 7 5 6
M Sc N
N ov. 1, 1917
b3 8,00 0
do
do . ...1 8 7 6 6
M Sc N
M ay 1, 1918
The ta x rate in 1891 included State tax, $1-37; county tax, $4-90,
b2 0,00 0 city ta x proper, $11-13; total, $17-40.
do . ...1 8 7 7 6
do
M Sc N
M ay 1, 1919
b 4 0 ,0 0 0
do . ...1 8 7 8 5
do
M Sc N
M ay 1, 1920
May, 1920-1930
do . ...1 8 8 0 4
do
M Sc N abt, $25,000 y r’ly £ b 3 02,0 00
Woburn, Mass.—According to the report made bya3 0,00 0
do
do . ...1 8 8 1 4
M Sc N
M ay 1, 1921
a28,000 Thompson this city’s debt on Dec. 311891 was as follows :
do
do . ...1 8 8 2 4
M Sc N
M ay 1, 1922
a24,000
do
do .....1 8 8 2 4
M Sc N
N ov. 1, 1922
do
do
a l0 ,0 0 0 debt, $413,400; municipal debt, $88,966 66 ; total, $502,36
...1 8 8 5 4
F Sc A
Feb. 1, 1925
Feb. 1,1892-1894 I
30,000 sinking funds, $109,621 18 ; total net debt, $392,745 48;
H aw k St. Y lad’t .......1889
c
3^2 F S A
$10,000 yearly.
do
d o.......... 1889 3^2 F Sc A - Feb. 1,1895-1909 £
75,000 debt Dec. 31 1890, $405,300 85 ; net debt Dec. 31 1891, $392,$5,000 yearly.
c
a Interest payable in A lbany,
Interest payable in Boston.
b Interest p ayable in New Y ork,
W ATE R DEBT.
LO AN S-
/— Interest.— . ,------------- P rincipal.------------- .
NAME AND PURPOSE.
Rate. Payable.
When Dne.
Outstand’g
W a te r ............. .g
1874 7 F
&A
Feb. 1, 1900
$100,000
do
1874 7 F
&A
Feb. 1, 1 9 1
100,000
do
&A
Feb. 1, 1902
90,000
■gw 1874 7 F
do
1874 7 F
&A
Feb. 1, 1903
99,000
03 bn
1876 6 F
& A 5 Fg ò)y 8 9 3 - a1896| 200,000
do
do
do
do
do
do
do
1876
1876
1876
1877
1877
1881
6
6
6
6
6
4
F
F
F
F
F
F&
&A
&A
&A
&A
&A
Feb.
Feb.
Feb.
Feb.
Feb.
1,
1,
1,
1,
1,
1906
1908
1909
1911
1912
745 48 ; decrease, $12,645 37. On July 1 1892 $200,000 of the
Woburn water bonds mature. Mayor Thompson recommends
that $70,000 of this amount be paid from the sinking fund and
the residue of $130,000 be divided into thirteen annual pay
ments of $10,000 each and notes be given therefor. On July
1, 1893, $100,000 more o f the water debt matures, and it is
|recommended that $28,000 of this be paid from the sinking
j fund and the residue of $72,000 be provided for by notes pay
able to the amount of $6,000 annually for twelve years.
100,000
50,000
50,000
50,000
50,000
200,000
B o n d Proposals and Negotiations.—We have re
ceived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
1887 4
F & A p | | ; o 8 9 e2
y
a-1907|
80>000
e3
do
Ansonia, Conn.—(State and City Supplement, page 39.)—
1888 4
F &A
127)500 $100,000 of new 4 per cent 20-year gold bonds of this town
do
have been sold to Messrs. Gay & Stanwood, of Boston, for
do
1888 4
J & D { l ^ f s i ’o 9
^
8 \ 297,500 $100,590.
Berkeley, Cal.—The town of Berkeley has attempted to sell
do
1888 3*2
160,000
5 per cent bonds to the amount of $50,000 for school sites
STREET IM PROVEM EN T BONDS.
and buildings. No offers have been received on account of
some reported irregularity in the election providing for the
P rincipal and interest paid b y holders o f p rop erty benefltted.
LOANS—
.— In terest .— , ,------------------P rin cip a l. ---------------- , issue, and the town will vote again on the proposition to issue
NAME AND PURPOSE.
R ate. P a ya b le.
W h en D u e .
O utstand’g. school bonds, this time raising the amount to $75,000 and the
B r o a d w a y ....................1888 3*2 M & S
1892-1893
$68,000 interest to 6 or 7 per cent.
“
...1 8 8 9
3*2 M & S
1892-1893
10,000
Birmingham, Ala.—(State and City Supplement, page
Clinton A v e ..___,...1 8 8 9 3M M & S M arch 1, 1894
120,000
State St..........................1890 3 ^ M & N
1892-3-4
24,000 173)—This city has sold bonds to the amount o f $150,000 to
Trinity P la ce............... 1890 3*2 M & N
1892-3-4
6,000 Blake Bros. & Co., of New York, at a premium of $2,750.
Lark St..........................1890 3*2 M & N
1892-3-4
12,000
Boston, Mass.—(State and City Supplement, page 22.)—
Lake A v e ...................... 1890 3 ^ M & N
1892-3-4
15,000
Ja y St............................ 1890 3*2 M & N
1892-3-4-5
26,400 Bids for city of Boston 4 per cent debt certificates to the
Central A v e ................. 1890 3*2 M & N
1892-3-4-5
18,160 amount of $1,062,000 were opened by City Treasurer Turner
A llen St......................... 1890 3*2 M & N
1892-3-4-5
22,800
1892-3-4-5
46,000 on January 30, and $962,000 of the loan has been awarded to
H am ilton St................. 1891 3*2 F & A
L ancaster St.................1891 3*2 F & A
1892-3-4-5
10,1,00 Blake Bros. & Co. The city will realize nearly $51,030 in
W atervleit A v e ............1891 3*2 F & A
1892-3-4-5
31,200 premiums from the sale. The certificates mature, $772.000 on
A lbany S t.............. . ...1 8 9 1 3 ^ F & A
1892-3-4-5
12,700
M adison A v e .............. 1891 3*2 M & N
1892-1895
180,000 Oct. 1, 1911; $190,000 on Jan. 1, 1912, and $100,000 on Jan. 1,
D elaware A v e . . . . . . . . 1891
3*2 M & N
1892-1900
78,300 1922, and the bids made by Blake Bros, were 104 58 for the
1911 and 1912 loans and ?05-91 for the loan maturing in 1922.
T otal Street Im provem en t bon ds........................................
$680,560
Other bids were as follow s: Brewster, Cobb & Estabrook bid
Less cash and interest-bearing securities held in sink
ing fu n d ..................................... I ................ .....................
255,000 $103,395 for the 1911 loan; $103,426 for the 1912, and $104,531 for
the 1922. Kidder, Peabody & Co. and E. R. Morse & Bro. bid
Net Street Im provem ent debt Jan. 1 , 1 8 9 2 ........................
$425,560 $108,716 for all the loans. R. L. Day &Co. and Spencer Trssk&
R A IL R O A D LOAN.
Co. bid $104,198 for the 1911-12 and $105,329 for the 1922 loan.
Paine, Webber & Co. bid 101*56 for the 1922 loan. Jones &
P ayable b y Delaw are & H udson Canal Co.:
LOANS/— Interest.— , ,-------------- P rin cip al.------------- , Faile, New York, bid 100J^ for the 1922 loan. N. W. Harris &
NAME AND PURPOSE.
Rate. Payable.
When Hue.
Outstand’g. Co. bid $106,275 for the 1922 loan and 104*3 for $100,000 of the
A lban y & Susqueh’a R .R . 6
M & N \ ^ S ^ f f y S l y . \ $1.000,000 1912 loan. Suffolk Savings Bank bid 104*30 for 1911-12 loans
Less cash and interest-bearing securities held in sink. fund.
473,621 and 105*69 for the 1922. Shelburne Falls Savings Bank bid 105
for $10,000 of 1911-12 loan. Third National Bank bid 103*37 for
N et railroad debt Jan. 1 ,1 8 9 2 ............................. . .................
$526,379 $100,000 of the 1912 loan. State Street Safe Deposit & Trust
T O T A L DEBT, SINKING FUNDS, ETC.—The subjoined statement Company bid 104*55 for the 1922 loan.
shows Albany’s total general and water debt and the sinking fund
Brooklyn, N. Y.—(State and City Supplement, page 48.)—
held by the city against the same on the 1st of January of each of Proposals will be received at the Comptroller’s office, Brook
the last three years.
lyn, until Feb. 16 1892 for the purchase of 3% per cent per
manent water loan bonds to the amount of $500,000, interest
1832.
1891.
1890.
General bonded debt
$2,109,000
$2,548,200
$2,475,000 payable January and July, and principal due Jan. 1 1912.
W ater d e b t ....... .
1,754,000
1,794,000
1,834,000
Buffalo, N. Y.—(State and City Supplement, page 49.)—
T otal bonded debt
$3,863,000
$4,342,200
$4,309,000 Bids for this city’s 3% per cent new charter loan to the
Sinking fu n d s ..........
502,401
646,881
556,950 amount of $1,378,309 were opened by Comptroller Gavin on
N et debt Jan 1
$3,360,599
$3,695,319
$3,752,050 Feb. 1. A large share of the loan was awarded to Blake
Bros., who bid 100*03 and L. W . Morrison, of New York, ob
The sinking funds are invested m ostly in the city ’ s ow n bonds.
tained $100,000 at par. It is reported that about $300,000 o f
In addition to the total debt as stated above there is the railroad
the bonds remain unsold.
/
loan fo r $1,000,000 issued to the A lban y & Susquehanna R R . Com
Chicago, 111.—(State and City Supplement, page 98).—
p an y and secured to the city b y a first m ortgage payable, principal
and interest, b y the D elaw are & H udson Canal Company. The street Chicago has sold $3,000,000 of 4 per cent World’s Fair bonds to
p rovem ent bonds are payable b y special assessment on property Blair & Co., of New York, and Brewster, Cobb & Esterbrook,
benefltted, and therefore they also are om itted in the statement o f the of Boston. One million of the loan was delivered on Feb. 1,
another million will be delivered on March 1 and the remain
city ’ s total debt.
ing million on the 1st of April.
ASSESSED V AL U A T IO N .—The city’s assessed valuation and tax
Cincinnati, Ohio —(State and City Supplement, page 86).
rate at different periods have been as follows, property being assessed
Bids were opened on January 30 for $100,000 city hall 4 per
at about its actual value.
cent bonds. The showing was as follows, all bids including
Real
Personal
Rate o f Tax accrued interest:
Years.
Estate.
Property.
Total.
p e r $1,010.
1 8 9 1 ..
1 8 9 0 ..
1 8 8 9 ..
1888 ..
1 8 8 7 ..
1886.'.
1 8 8 5 ..
1880'..
$64,278,195
63,380,046
62,932,565
61,987,445
61,245,455
60,728,720
60,381,215
34,310,305
$6,111,560
6,282,525
5,814,490
5,726,110
6,326,900
6,154,270
6,044,250
2,790,120
$70,389,755
69,662,571
68,747,055
67,713,555
67,572,355
66,882,990
66,425,465
37,100,425
$17*40
1920 21-60
1718- 40
20-60
3600
German Nat. Bk. o f Tin...$101,417
Atlas Nat. Bank
“
102,100
00
Market Nat. Bank ! “
100,725
00
West’n German Bk “
102,050
60
These offers are the best that
S. Kuhn & Sons } :là
im o io t
Seasongood&M \ Qf Cm n.$102,125.
R. K leybolte & Co,
101,101
Citizens’ Nat. Bk.
"
100,891
have been made for Cincin
nati bonds in some time, and the city is justly gratified with,
the growing confidence in her ci edit.
F
ebkuary
TH E
6, lö v g .jj
C H R O N IC L E .
Dallas, T ex.—(State and City Supplement, page 180.)—
The city of Dallas will receive proposals until Feb. 17 1892 for
$160,000 of 5 per cent funding bonds, interest payable semi
annually and principal due July 1 1031. For further partic
ulars see advertisement elsewhere in this paper.
Hampden County, Mass.—(State and City Supplement,
aage 26)—The Treasurer of this county has authority to bori,000 temporarily.
ighland Falls, N. Y.—No bids were received for the $15,of 4 per cent school bonds recently offered at Highland
\ The Newburg Savings Bank, however, offered to take
ssue if the rate were raised to 4% per cent.
ntsville, Ala.—(State and City Supplement, page 173.)
his city is advertising for proposals for $¿0,000 of 5 per
5ent gold bonds to be secured by a deed of trust on the water
works and market house of the city. Interest on these bonds
is to be payable in gold. Proposals will be opened _on Feb. 20
1892.
K noxville, T e n n .— (State and City Supplement, page
164.)—N. W . Harris & Co. of Chicago are under contract to
this city for the placing of the 5 percent 30-year improvement
bonds to the amount of $500,000 which were recently refused
by the New York Life Insurance Company.
Lincoln, Neb.—(State and City Supplement, page 128).
Bonds will probably be issued by this city for the establish
ment of new water works.
Mercer County, Mo.—The following bonds of this county,
dated Sept. 1 1884 will be paid at the Bank of Princeton, Mo.,
on March 11892, Nos. 9 to 12 inclusive, No. 23 and Nos. 43 to
68 inclusive. Bonds are for $500 each.
Newark, N. J.—(State and City Supplement, page 66).
Newark will ask the Legislature for authority to issue new
storage reservoir bonds.
New Bedford, Mass.—(S tate and City Supplement, page
29#
)_T his city has petitioned the Massachusetts Legislature
for authority to issue $100,000 of 50-year park bonds.
Newburg, N.Y.—(State and City Supplement, _page 54.)
—A bill authorizing the city of Newburg to issue $15,000 of 4
per cent bonds, payable in 1, 2 and 3 years, has been intro
duced in the New York Legislature.
Pittsburg, Penn —(State and City Supplement, page 57.)
—The issue of $2,000,000 of street improvement bonds which
was voted by the people of Pittsburg on Dec. 8 has been ren
dered unnecessary by a decision of the Supreme Court, and
now for the first time since 1868 the city has a law under
which she can proceed with street improvements without fear
of unconstitutionality being claimed.
P ort Jervis, N. Y.—Twenty-year 4 per cent sewer bonds to
the amount of $35,000 were recently awarded to Jones & Faile,
of New York. For a complete financial statement for Port
Jervis see item under “ Debt Changes” in this Department.
Salt Lake City, Utah.—(State and City Supplement, page
143). Another issue of sewer bonds to the amount of $50,000
will soon be offered by this city.
Spokane Falls, Wash.—(State and City Supplement,
page 152.)—This city has awarded its $1,200,000 of new 20year 6 per cent bonds to Farson, Leach & Co. Seven hun
dred thousand dollars of these bonds are issued for general
municipal improvements and $500,000 for the completion and
extension of the water works system. This new loan increases
the total debt of Spokane to $1,320,000.
The assessed
valuation is reported at $32,547,045. The new issue is dated
Oct. 1 1891 and the bonds mature Oct. 11911 without option.
Springfield, Mass.—(State and City Supplement, page
33)—The City Treasurer has been authorized to borrow, tem
porarily, $400,000, and he recently advertised for proposals for
$50,000 of the loan. A local bank in making a bid for this
amount offered also to take the entire $400,000 at 3 per cent,
and to pay the same rate on such part of it as the city should
keep on deposit with them. The offer was so favorable that
it was immediately accepted, although it was not strictly in
accordance with the terms of the advertisement.
T rigg County, Ky.—This county has asked the Legislature
for authority to issue 5 per cent bonds to the amount of $25,000, for the purpose of building a new court house.
Yisalia, Cal.—An election will take place in. the city of
Visalia in May to vote on an issue of bonds to the amount o f
$25,000 for a system of main and lateral sewers.
W ilkesbarre, Penn.—(State and City Supplement, page
77.)—This city has recently sold bonds to the amount of $15,000. All were taken by local investors.
W indsor Locks, Conn.—This town has recently sold $35,000 of 4 per cent 30-year bonds, which are secured by a special
tax of 10 mills on the town’s assessed valuation.
See n e x t p a g e fo r d e b t c h a n g e * .
P A C IF IC C O A S T .
OH IO.
M IS C E L L A N E O U S .
$ 160,000
W.
J.
Dallas City Bonds.
TACOMA,
BANKERS,
Dealers in MUNICIPAL BONDS.
Lamprecht Bros. & Co.,
M UNICIPAL
$ 2 5 ,0 0 0
City of Snohomish, Wash,,
°
W . T . IK W IN .
BONDS.
F R A N K ELLIS.
F. H . B A L L M A N N
Irwin, Ellis & Ballmann,
suor ESSORS TO
3 0 -Y E A R GOLD 6s.
Maturing Dec. 1st, Ifrl?, without option. Interest
payable semi-aDnually, New York City.
Interest and Principal Payable in GOLD COIN.
STATISTICS—
Morehead, Irwin & Co.,
Stock, Bond and Note Brokers,
NO.
51
A s s e s s e d v a l u a t i o n . . * . . . ................ $ 1 , 3 5 0 , 0 0 0
Commercial Bank,
Hayes & Sons,
Sealed proposals will be received at the office o f
Street Railway Bonds and other high (grade in
the City Secretary o f the City o f Dallas, Texas, until
vestments.
6 o ’clock P. M., W ednesday, February 17th, 1892, for
the purchase o f $160,000 Dallas City Funding Bonds- C L E V E L A N D , O H I O .
/C able Address\
T he bonds are dated July 1st, 1891, bear 5 p ercen t
\“ KEN N ETH .’V
BOSTON , M ASS.
interest, and are due in 40 years from date. Interest
payable semi-annually at the office o f the New York
Security & Trust Co., in the City o f New York, or at
the office o f the Union Trust Co., in the City o f StLouis, Mo., at the option o f the holder.
BANKERS,
The City reserves the right to reject any or alj
bids.
B A sample o f the Bond, the City Charter and Ordi
nance authorizing its issue, and a statement o f the C le v e la n d , O b lò , P e r r y -P a y n e B ’ ld ’ g
bonded debt and assessed valuation o f the Cit y o f
B o s t o n , M a s s ., 5 3 S tate S tree t.
Dallas can be seen at the office o f the New York
Security & Trust Co., in the City o f New York.
N e w f o r k , 11 W a l l S tr e e t.
W . McGRALN,
City Secretary, B a lia s, T exas.
2 59
W EST
T H IR D
STREET,
C IN C IN N A T I, OH IO .
CORRESPONDENCE SOLICITED.
h . w h e e le r . Pres. A . B ridgm an , Cash
Gr a t ta n
Tacoma National Bank,
First National Bank in the City,
T A C O M A , W A S H IN G T O N .
Paid-up Capital.................................. $ 3 0 0 ,0 0 0
S u rp lu s.................................................. $ 1 3 5 ,0 0 0
President,
M IS C E L L A N E O U S .
NEW YOR K .
3 W a ll Street.
Mortgage Loans
IN
TEXAS.
loans have proven good.
FRAN CIS S M IT H
& CO.,
SAN ANTONIO, T E X A S .
6 0/
j 1st Mo tgage Gold Bonds.
( Gold Debenture Bonds.
7 % l st Mortgage Gold Bonds.
8
NO COMMISSIONS charged borrow er or lender nnti
V ice-President
Merchants’ N at’l Bank,
P O R T L A N D , OREGON.
Paid Capital...... ..............................$ 1 ,0 0 0 ,0 0 0
J. LOEW ENBERG, Pres. JAS. STEEL, V ice-Pres.
I. A . MACRUM, Cashier.
SELLS SIGHT EXCHANGE
AND TELE
GRA PH IC TRANSFERS, and I8SUES LE TTER S
o f CREDIT available throughout the United States
D R A W S BILLS OF EXCH ANG E on L ondon,
L iverpool, Dublin, Paris, Berlin, F rankfort-on -th eMain, and all the principal cities o f E u rope; also o n
HCo1
l
ECTIONS M A D E on all accessible points.
SAN FRANCISCO.
The First National Bank
OF SAN FRANCISCO, CAL..
FA R S O N , L E A C H & CO ., Lombard Investment Co.
C a p it a l, F u l l y P a id , $ 4 ,0 0 0 ,0 0 0 .
_____ C H ICAGO,
7 3 Dearborn Street.
Cashier,
W. B. Blackw ell . H. O, Fishback . Edmund R ice .
General Ranking Business Transacted.
Special Attention to Collections.
R eal valuation................................ v ,5 0 0 ,OOO
Total debt (includ’ g this issue)..
7 3 ,0 0 0
POPULATION......................................5,000
T he City o f Snohomish is the county seat o f Sno
homish County, one o f the most attractive in the
State. The city is located in the midst o f a very fer
tile farming country and is the centre o f a very large
trade.
Price and further particulars on application.
WASHINGTON.
C A P IT A L $ 3 0 0 ,0 0 0 .
6 Per Cent Bank Certificates Issued.
8 Per Cent Gold M ortg a g e s/
1 0 Per Cent City, County, State W arrants»
and |O % National Bank Stocks.
Call or write fo r information.
150 BRO A D W AY, NEW lO R K .
205 Sears Building*
Bullitt Building,
BOSTON.
PHILADEPPHIA.
UNITED STATES DEPOSITORY..
CAPITAL.,
S U R P LU S,
.
-
.
.
$ 1 ,5 0 0 ,0 0 0
$ 6 1 0 ,0 0 0
S. G. M u r p h t , President. B. D. Morgan , Cashier
James Moffitt , Y.-Pres. G. W . Kline , Asst. Cash
GENERAL. B A N K IN G BU SIN E SS.
ACCOUNTS S O L IC IT E D .
«
-
Seattle, Washington.
1 0 Per Cent City and County W a rr a n ts.
9 Per Cent First M ortgage Loans.
8 Per Cent School Bonds.
CORRESPONDENCE SOLICITED.
The L. H. Griffith Realty
Banking Company.
Sl.
TH E
260
STATE AND CITY DEBT CHANGES.
W e subjoin reports as to municipal debts received since the
publication last week of 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 e n t , and of interest to investors.
C alifornia—Alameda County.— (S t a t e a n d C i t y S u p p l e
page 14.7.)—W e have received this week from County
Treasurer S. Huff a report of Alameda County’s debt and val
uation on January 15 1892.
‘ County seat is Oakland.
m en t,
T ax valuation, person’] .$7,398,902
T ax valuation, R R s....... 1,954,306
8s, J&J, $20,000.......... Jan. 1 ,1 8 9 3 T otal valuation 1891. - .85,305,128
Assessment is
actual value.
8s, J& J, 20,000.......... Jan. 1 ,1 8 9 4
Interest payable at county treas y. State ta x (per $1,000)............
County ta x (per $ 1 ,0 0 0 ) ....- - 4 - 0 4
B onded debt Jan. 1 5 /9 2 .
$40,000
Population in 1890 w as.......93,864
Cash assets........... - ........
T a x valuation, rea l....... 75,951,920 P opulation in 1880 w a s .....6 2 ,9 /6
LOANS—
When Due.
B u il d in g B on ds —
Colorado—R io Blanco C ounty—County Treasurer Henry
J. Hay makes the following report of this county’s financial
status. No mention of this county was made in our recent
Supplem en t.
C ounty seat
LOANS—
[V ol LIST.
C H R O N IC L E .
M ichigan—Midland County.—The subjoined statement of
Midland County’s debt and, valuation has been recently re
ceived.
County seat is Midland.
LOANS—
R
When Due.
B on ds —
e f u n d in g
6s, Mar., $32,000....... Mar. 1 ,1 9 0 3
Interest p ayable in Detroit,M ich.
Total debt Jan. 1 1 8 9 2 ... $32,000
T ax valuation, rea l.........1,862,465
New York—Westchester.—(S t a t e a n d C i t y S u p p l e m
page 60.) W e have received from Supervisor Michael Ra
the following debt statement for the town of Westche
This report furnishes many details which were omitted in
recent S u p p l e m e n t .
Westchester Town is in the county of the same name, and
contains the villages of Westchester and Williamsbridge.
When Due,
LOANS-
B r id g e B on ds —
4s, July, $6,334........ J u l y l 8 , 1892
($1,000 due yearly)to July 1 8 ,1 8 9 7
R e f u n d in g B on ds —
6s, F&A, $5 ,000....... Feb.
5s, F&A, 25,000........Feb.
($5,000 due yearly)to Feb.
4s, F&A, $5,000........Feb.
1 ,1 8 9 7
1 ,1 8 9 2
1 ,1 8 9 6
1 ,1 8 9 8
is Meeker.
Floating debt........................
T otal debt Jan. 1 1892----- 53,000
rea l.............308,744
7 b, A&O, $4 1,000.........Oct. 1 1909 T ax valuation, p e rs o n a l...582,744
T ax valuation,
Optional ten years from date.
Interest payable at County T r e a s T otal valuation 1891......... 891,488
Total ta x (per $1,000)....... $3 3’50
ury or at Chemical Bank. N. Y.
1890 ......—
/vnrtA
rt
i ls a a .s ii.w u x
B onded debt Jan. 1 1892.$41,000 Population in .w v w a s ... 1,200
In this county real estate is assessed at about *4 and personal p rop
erty at about
o f actual value.
When Due.
Co u n ty B on ds—
___
I n d i a n a — Fountain
County.—(S t a t e a n d C i t y S u p p l e
page 94.)—County Treasurer Samuel Clark has sent us
the detailed report of his county’s debt and valuation, which
is given below. The bonded indebtedness has been reduced
$21,000 since October 1891 and the tax levy for 1891 is ample
to cover all current expenses and take up $15,000 worth of
bonds due in December 1892.
County seat is Covington.
m en t,
T a x valuation 1 8 9 2 ...$11,014,500
Assessment about % actual value.
5s. June, $ 5 5 ,0 0 0 ... - - - - - - ...........-.- • State ta x (per $1,000 ).............$3*50
Interest payable in Indianapolis. County ta x (per $1,000)......... 6'50
Bonded debt Jan. 1 1 8 9 2 .. .$55,000 P opulation in 1890 w as....... 19,558
LOANS—
When Due.
C o u n t y B on ds —
L o c a l I m p r o v e m e n t B on ds —
3*48, M&N, $9 0,0 0 0 . .M ay
($5,000 due yearly)toM ay
3*28, M&N, $155,000.M ay
($5,000 due yearly) to M ay
1 ,1 8 9 9
1 ,1 9 1 6
1 ,1 9 1 7
1 ,1 9 4 7
W a r B ounty-
78, F&A, $1 4,000....... Aug. 1 ,1 8 9 2
($2,000 due yearly,) to Aug. 1 ,1 8 9 8
B onded debt Jan. 1, ’ 02. $300,334
T ax valuation 18 90.........2,866,955
P opulation in l$ 9 0 w a s ......... 7,500
IN T E R E S T on lo ca l im provem ent 3*48 is payable b y Coffin & Stan
ton, New Y ork City; on bridge bonds at Third A venue Savings Bank; on
all other issues at M urray H ill Bank.
T A X RATE.—State, coun ty and tow n ta x (per $1,000) inside o f the
V illage o f W illiamsbridge, $17-62 ; State, county and tow n ta x (per
$1,000) outside o f the V illage o f W illiamsbridge, $20-34; school ta x
(per $1,000) district No. 1, $12*00; No. 2, $17-59; No. 3, $4-00; No. 4,
$4-11.
Tennessee—B lount County.—(S t a t e a n d "C i t y S u p p l e
page 163,)—County Treasurer A. M. Rule has sent us
the following statement of his county’s debt and valuation on
January 1 1892.
County seat is Marysville.
m en t,
T otal valuation 1 8 9 1 .. .$2,500,785
Assessment about % actual value.
6s, J&J. $110,700.......... July, 1897 State tax (per $1,000 ).............$3*00
County ta x (per $1,000)......... 3 60
Subject to call.
Tnt’ st payable in M arysville, Tenn. R ailroad ta x (per $1,000)— 5-00
Bonded debt Jan. 1 ’ 92... $110,700 Average school t a x ................. 3-50
T ax valuation, rea l.........2,218,785 P opulation in'1890 w as.......17,589
T ax valuation, personal. 282,000 Population in 1880 w as.......15,985
LOANS—
When Due.
R a il r o a d A id B on ds —
C H IC A G O .
C H IC A G O .
C H IC A G O .
T ax valuation, personal. $119,185
T otal valuation 1891___1,981,650
State ta x (per $ 1 ,0 0 0 )...
$1 20
County ta x (per $1,000).
$9 0
Population in 1890 w as....... 10 ,65
Population in 1880 w as....... 6,8
Illinois Trust & Savings The Jennings Trust Co., The Merchants’ Loan
AND
1 8 5 D E A R B O R N S T ., U R IC A T O .
Bank,
Trust Company Bank,
CH IC AG O , IL L .
C A P IT A L AND S U R P L U S. - $ 3 ,2 5 0 ,0 0 0
CAPITAL, PAID UP, -
-
$500,000
IN TEREST ALLOW ED ON DEPOSITS.
This Bank is directly under the jurisdiction and
fiuuervision of th6 StatB of Illinois, is & LliGAL
t ik p o s ITORY for Court Moneys, and is authorized
to act as TRUSTEE, EXECUTOk, RECEIVER and
ASSIGNEE for ESTATES, INDIVIDUALS and
COIU-O KATIO NB.
j
S U R P L U S ,----------------------
$25,000
Wm. H. Mitchell, Second Vice-President.
Wm. H. Reid, Third Vice-President
James S. Gibbs, Cashier, B. M. Chattell, Ass’t Cash’r
DIRECTORS:
John B. Drake,
John McCaffery,
Wm. H. Reid,
L. Z. Leiter,
John J. Mitchell,
Wm. H. Mitchell,
J. C. McMullin,
Wm. G. Hibbard,
J. Ogden Armour,
D. B. Shipman.
Frederick T. Haskell.
Union National Bank,
NEGOTIATES GROUND RENTS In the City Of
Chicago. Takes entire charge of estates. Acts as
agent for the registration and transfer of bonds and
stocks and the payment of coupons, interest and
dividends. Authorized by law to receive and execute
trusts o f every character from courts, corporations
and Individuals. A legal depository for court and
trust funds.
INTEREST ALLOWED ON DEPOSITS of money,
which may be made at any time and withdrawn aftei
five days’ notice, or at a fixed date.
TRUST FUNDS AND TRUST INVESTMENTS
*re kept separate and apart from the assets of the
Company.
CHICAGO
Corner Dearborn and W ashington Street.
E S T A B L IS H E D
1857.
Capital (p a id in )............... ......... QnO.Otl0
Surplus and undivided p> tilts... 1 ,5 0 0 ,0 0
$ 3 ,5 0 0 ,0 0 0
J. W. DOANE, President.
_
P.
TOE. Vice-President
ORSON SMITH, Second Vice-President.
F. C. OSBO RN, Cashier.
F. N. WILDER, Assistant Cashier.
TRUSTEES.
MARSHALL FIELD,
J. W.DOA.NE.1
P. L, YOE
C. H. MCCORMICK,
GEO. M. PULLMAN.
JOHN DE KOVEN,
A. H. BURLEY.)
ALBERT KEEP.
E. T. WATKINS,
JOHN T Y R R E L L ,
ER8KINK M. PHELPS.
LAMBERT TREE,
ORSON SMITH.
Banking in all its Branches Transacted.
DIRECTORS.
AZEL F. HATCH,
CHAS. H. HULBURD,
M. W. KERWIN,
ANDREW C. LAUSTEN
HA AC N. PERRY,
MAURICE ROSENFELD
J. R. WALSH,
SAMUEL D. WARD,.
OTTO YOUNG.
Foreign exchange bought au sold.
Travelers’ Letters or Credit and Commercia
Credits issued, available in principal cities through«
out the world. O b e transfers made.
J. G. ORCHARD, Mgr. Forelan Dept.
A regular Banking Business Transacted. Accounts
o f 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 't ransfers made with all
principal European and Domestic Points. United
States and other first-class Investment Bonds dealt in.
CORRESPONDENCE SOLICITED.
OFFICERS.
J. R. WALSH, President.
ISAAC N. PERRY, Vice-President.
SAMUEL D. WARD, Treasurer.
LYMAN A. WALTON, Cashier.
FRANKLIN HATHAWAY. Secretary
STOCK BROKER,
Solicits Business in
J. B . B r e e s e , Member New York Stock Exchange
D. M. C u m m i n g s , Member Chicago Stock Exchange.
C IT Y AND C O U N T Y
C H IC A G O .
P a id -u p C a p ita l.
S u r p lu s ,
$ 2 , 000,000
7,. 0 ,0 0 0
Breese & Cummings,
B A N K E R S AND B R O K E R S ,
1 1 1 A N D 1 1 3 R IO N R O E S T R E E T ,
CHICAGO
Securities listed In New York, Boston or Chicago
carried on conservative margins. Lake Superio)
Iron Mining Stocks dealt in.
I. H. Waggoner,
CHICAGO LOCAL SECURITIES.
Bank, Gas, Street Railroad Stocks and Bonds, Tele
phone and Industrial Securities.
1 7 9 L A MALLE S T R E E T , C H ICA G O .
BO N D S.
BO U G H T AND SO LD.
N. W . H A R R IS & C O .,
1 5 W a ll Street, N E W Y O R K .
BOSTON
CH ICA G O .
B o u g h t a n d S o ld .
Mend l o r L i s t s .
G E O . A. L E W IS & CO., B an kers,
1 3 2 L A S A L L E S T R E E T , C H IC A G O .
TH E
1892. J
F e b r u a r y 6,
261
C H R O N IC L E .
Massachusetts—H a v e rh ill—(State and City Supplement, condition of White Pine County on January 18 1892
page 26.)—W e have received this week from John A. Glines, ported to us by J. B. Williamson, County Treasurer.
County seat is Hamilton.
Treasurer of Haverhill, a report of that city s debt and valua
LOANS—
When Due. T ax valuation, p erson a l..$488,489
tion on January 1 1892, and we publish the same below.
T otal valuation 1891...........830,671
R e d e m p t io n B o n d s—
Assessm ent
It is stated that Haverhill will soon issue bonds to pay for 6s, July 1, $ 6 8 ,6 0 0 ....Jan. 1 ,1 9 1 3 State ta x (per is % actual value.
$1,000) 1892. .$7*50
Interest i ay able at E ly, Nevada.
the city water works which it has recently bought from the B onded debt Jan. 1 8 1892..$68,600 County tax (per $1,000).......$22vQO
A verage school t a x .................. $2-50
F loatin g debt (about)......... 30,000
Haverhill Aqueduct Company.
T ota l debt (about).............. 98,600 Population in 1890 w a s.........i,7 2 1
T ax valuation, real.............342,182 Population in 1880 w a s.........2,682
Haverhill is in Essex County.
4s. A&O, $120,000.. .Oct. 1 ,1 9 0 0
4s
A&O,
7 0 ,0 0 0 ................ 1901
A&O,
5 0 ,0 0 0 ................ 1921
7s, A&O, $6 0,00 0.........Oct. 1 ,1 8 9 2 4s
3 0 ,0 0 0 ..Aug. 1 ,1 8 9 5
($20,000 due yearly) to Oct. 1 ,1 8 9 4 3*28, F&A,
Interest payable at City Treasury.
5s, A&O, $6 ,500.........Apr. 1 ,1 8 9 2
5«, A&O, 15,000.........Apr. 1 ,1 8 9 3 Bonded debt Jan. 11 892..$541,500
($5,000 due yearly) to A p r .l, 1895 Sinking fu nds..................... 105,331
4s, M&8, $8 0,00 0.........Mar. 1,1 894 Net debt Jan. 1 1 8 9 2 ........ 436,169
Population in 1890 w as.......27,412
4s, A&O, 65,000..................... 1899
Population in 1880 w■ „
as.......18,472
4s, A&O, 45,000..................... 1898
I
ASSESSED VALU A TIO N .—Assessed valuation in 1891 o f real
estate, $14,873,912; o f personal property, $4,906,409; total, $19,780,321. State, city and county ta x per $1,000, $15 80. In 1890 the valu
ation o f real estate was $13,139,666; o f personal property, $4,731,106;
total, $17,406,124. State, city and coun ty ta x per $1,000, $1 7-00. In
1886 valuation was $15,406,124 (tax rate per $1,000, $16 7 5 ), in 1882
valuation was $11,513,621 (tax rate, $17*40).
LOANS—
When Due.
City Bonds—
Minnesota—Pope County.—The debt statement for this
county has just been received. No report appeared in our
recent Supplement.
County seat is Glen wood.
LOANS—
When Due. T ax valuation, personal, $521,670
Total valuation 1 8 91— 2,267,181
R ilko»d Bonds—
$2-60
8s, July, $6 5,00 0.......July 1 ,1 9 0 6 State tax (per $ 1 ,0 0 0 )...
C mntyjtax (per $1,000).
7 -50
Int. payable at St. Paul, Minn.
B onded debt Jan. 25 ’ 92.. $65,000 |Population in 1890 w a s....... 10,032
|Population in 1880 w a s....... 5,874
Ta)> valuation, rea l.........1,745,511
OPTIONAL.—B onds are subject to call w henever there is $1,000 in
the sinking fund.
T A X F R E E .—A ll bonds issued b y this county are exem pt from
taxation.
Minnesota—Redwood C ounty—This county has an out
standing bond issue not mentioned ia our^ State and City
Supplement. Details are as follow s:
County seat is Redwood Falls.
I O A N S—
When D ue. I Int. payable at St. Paul, Minn.
R a il r o a d B o n d s—
I T ota l debt Jan. 23 ’92........ $50,000
7s, J&J, $50,000........ July 1 ,1 9 0 0 | P opu lation in 1890 w as.........9,386
New York—P ort Jervis.—On Jan. 2 we published in the
Chronicle a notice of new bonds for $85,000 to be sold by
Port Jervis on the 25th of this month. The following state
ment of debt and valuation has since been received from
Treasurer James Johnson, and it includes the new loan before
mentioned.
Port Jervis is in Orange County.
LOANS—
Se
w e r
B
When Due.
o n d s—
4s, F&A, $50,000....... Aug. 1, 1911
4s, F&A, 35 ,000....... Aug. 1 ,1 9 1 1
Interest payable at National Bank,
P ort Jervis, N. Y.
Total debt Jan. 1 1 8 9 2 .......$85,000
T ax valuation, rea l....... $1,595,000
T ax valuation, personal
84,000
T otal valuation 1 8 9 1 ... 1,679,000
Assessment about ^ actual value.
State & c o .ta x (per $1,000).$14*77
City tax (per $1,000)..............$17*60
P opulation in 1890 w as.........9,237
Minnesota—Rock County.—County Treasurer O. P. SkyWashington—P ort Townsend.—The subjoined statement
berg has sent us the following financial report. No state
of debt and valuation has been sent to us by Port Townsend
ment of this county’s debt was received in time for publication
City Treasurer, Walter Bowen. In regard to the $50,865 of
in our recent S u p p l e m e n t .
floating debt, Treasurer Bowen writes that this amount is made
County seat is Luverne.
up of street improvement warrants, which are payable by
LOANS—
When Due. Net debt 1891................... $67,750
C o u r t H o u s e a n d J a i l B o n d s — T ax valuation, re a l.........2,092,942
special assessments on property benefited.
49!0s, Aug., $ 3 0 ,0 0 0 ....Aug., 1912 T ax valuation, personal. 479,025
This city is situated in Jefferson County.
Total valuation 1 8 9 1 ... .2,571,967
R a il r o a d B o n d s—
10s, J&J, $ 2 4 ,4 0 0 ..........Jan., 1896
10s, J&J, 1 8 ,3 5 0 ..........i an., 1898
Interest payable in New York.
Total debt 1891................... $72,750
Sinking fu nd................ ; ----5,000
State ta x (per $1,000)............. $2'60
County tax (per $1,000)......... 5 ‘ 60
A verage School t a x ................. 7*50
Population in 1890 w a s.........6,817
Population in 1880 w a s.........3,669
Nevada—W hite Pine C o u n t y — (State and City Supple
page 154.)—Below is given a statement of the financial
ment,
&
SH A W
B a l t i m o r e , M a r y la n d ,
BONDS
AND IN TH E
Issues o f Corporations
Possessing
Strong Municipal Franchises.
CASH
ORDERS
EXECUTED
ON
T ill
B A L T IM O R E ST O C K E X C H A N G E .
Davenport & Co.,
B A N K E R S
AND
B R O K E R S ,
R IC H M O N D , V IR G IN IA .
E S T A B L IS H E D ,
1860.
Correspondence solicited and inform ation fur.
nished about Southern State, Municipal and RaiF
road Investment Securities.
New York Reference—CH AS. M. FRY, Esq., Presi
dent Bank o f New York, N. B. A .
H . J. VON H em e k y .
G. L. B o is s e v a in .
von Hemert & Co.,
BOND AND
S T O C K B R O K E R S ,;
R O A K O K E , VA.
SOUTHERN INVESTM ENT SECURITIES-
A SPECIA LTY
T H O ilA » B R A N C H & C « „
BAN KERS
AND COMMISSION
M ERCHANT!
R IC H M O N D , V IR G IN IA .
Circular, and inform ation on funding the debts Virginia and North Carolina free o f cost; one-eight)
p e r cent charged fo r funding. Southern Railroar
e n d State and City Bonds bought and sold.
M IS C E L L A N E O U S .
The Security Mortgage & The Colorado Mining
Investment Company,,
Trust Company
O F D A LLA S, T E X A S .
DEALERS IN
M U N IC IP A L
When Due.
on d s—
SOUTHERN.
SOUTHERN.
F lb H P R
T a x valuation, personal. $724,084
T otal valuation, 1891___ 5,096,250
Assessment is 23 actual value. '■*
6s, J&J, $ 8 5 ,0 0 0 .........July 1 ,1 9 1 1
Int. paid b y Laidlaw & Co., N. Y. State ta x (per $ 1 ,0 0 0 )..........$3*00
B onded debt Jan. 1,1892. $85,000 County tax (per $ 1 ,0 0 0 ).... .$10*82
Floating debt....................
50,865 City ta x (per $1,000).............. $7*00
T otal debt Jan. 1 18 92.. 135,865 A verage school t a x ................. $3*QO
T ax valuation , real.........4,372,166 Population in 1890 w a s.........4 ,5 5 »
LOANS—
Cit y B
Capital Paid In.......................
» 5 0 0 ,0 0 0 Ob
Assets Dec. 3 1 , 1 S 9 0 ........... » 2 ,0 9 9 ,9 1 1 6?«
OFFICERS.
J. T. T R E ZE V A N T , President.
J. T. D A R G A N . 1st Vice-President.
J. C. O’CONNOR. 2d T ice President.
GUY SUM PTER, 3d V ice-President.
W . W . RODGERS, Secretary.
E. M. P E A R DON, Treasurer.
BARROW , W A D E . GU TH RIE & CO., o f New York
Auditors.
41 W A L L
STREET, N EW YO R K ,
A B IE S B U I L D I N G ,
BOSTON, N A S S .
D E ALERS IN
DIVIDEND-PAYING MINING
__________S E C U R IT IE S .__________
IN VESTM EN T
BONDS.
DIRECTORS.
6Ü P e r C ent 1 0 -1 5 y e a r F ir s t M o rtg a g e
J. C. O’Co n n o r , President City National Bank.
G o ld B on d s.
J . T. T r e z e v a n t , A ssociate Manager S. W . D ep’l
Fire Association o f Philadelphia.
T R U S T E E —T H E S T A T E T R U S T C O .,
J. T. Da r o a n , Vice-President.
N o. 5 0 W a ll S tre e t, N ew Y o r k C ity .
Sa m P. C o c h r a n , Associate Manager S. W . D ep’i
P A RTIC U LAR S UPON A PPLICA TIO N .
Am erican Fire Ins. Co. o f Philadelphia.
T. L. M a r s a l i s , President Dallas Land & Loan Co.
W . C. C o n n o r , President Fourth N ational Bank
and Mayor City o f Da'las.
G u t S u m p t e r , Capualist, (Late Agg’t-Treasurer
Tetat- & Pacific Railway Company.)
A l e x . Sa n g e r , o f Sanger Bros., W holesale and
Retail Dry Goods.
J. E . H e n d e r s o n , C a p it a lis t.
D E N V E R , COLO.
A l e r e i ) D a v i s , o f Schneider & Davis, W holesale
Grocers.
C a p ita l a n d S u r p lu s ,
$ 5 0 0 ,0 0 0
T. S. M i l i e b , o f Leake, Shepard & Miller, A tto r
neys at I aw.
D . E. G r e e r , A ti o r n e y .
Br y a n T. B a r r y , V ice-P resident Dallas Land &
Loan Co.
The Gurley Investment
Company,
Advisory Committee o f Stockholders
Philadelphia.
1. J. W IST A B , Chairman.
George W . Blabon,
George F. Tyler,
J. N. Hutchinson,
George De B. Kelm,
George M. Troutm an,
John J. Zeigler.
Six per cent 5-year Gold Mortgages on Texas oltj
and country properties.
A lso 6 per cent 10-year Gold Debentures based on
such mortgages, interest and principal payaDie
either in New York, Baltimore, Philadelphia or
London.
Collect claims o f all kinds anywhere in T exas or
the Southwest.
Make sales, pay taxes, collect rents, and deal ir
select Municipal and Corporation Bonds.
A ct as Trustee, E xecu tor, Adm inistrator, Guar
dian, R eceiver and Financial A gen t fo r Estates.
CitieB, Railroads, etc.
G. R . Voss,
Commercial Paper,
Bonds, Stocks and Investm ent Securities.
608 FIR ST N A TIO N A L B A N K BUILDING,
Omaha, Nebraska.
STOCKS AND BO ND S LOCAL
TO N E W A R K
D E A L T IN B Y
J. S. R IP P E L ,
7
C lin to n S tree t, N e w a r k , N . J .
TH E
262
C o t t o t i.
— : --------
Walter T. Hatch,
H enry Prescott Hatch,
A rthur Melvin Hatch
Members o f N. V. Stock and Produce Exchanges.
W . T . Hatch & Sons,
IN M A N , S W A N N & Co
M E R C H A„N_T S
14 Nassau Street, New York.
16 T O 22 W ILLIAM S T R E E T ,
NEW
. — g i«
^iuaujctal.
©xritntu
________________
W OODW ARD
& S T IL L M A N ,
| ol . L1V,
_V
C H R O N IC L E .
COTTON MERCHANTS
¥ O R ft .
N ew Y o rk .
©OTTON OP ALL GRADES SUITABLE TO
Dealers in Investment stooks and bonds.
Personal attention given at the N. V. Stock Ex*
change for the purchase and sale on commission or
stooks and bonds for cash or on margin.
Interest allowed on deposits, subject to draft at
sight.
W ANTS OF AM ERICAN SPINNERS.
L ehman , Du r r &
Co.
Montgomery, Ala.
I iBHMAN, stern & Co.,
New Orleans. La.
LEHMAN
BROS.,
CO M M ISSIO N M E R C H A N T S,
Henry Hentz & Co.,
COMMISSION
MEMBERS OF T H E STOCK, COTTON, OOFF E E AN D PRODUCE E XCH AN G ES,
Ne w Y o r k .
f Orders executed on the above Exchanges as well
M in New Orleans, Chicago aud foreign markets.
STRAUSS & CO.,
Manchester, and at prin
cipal Cotton Centres
*on the Continent^
t
STR AU SS
COTTON
&
C O .,
MERCHANTS
Prince &
C o.,
BANKERS AND BROKERS*
BOSTON,
COFFEE
NEW YORK.
'STRAUSS A CO.,
Savannah and
New Orleans.
F. H .
COTTON
at the NEW YORK. LIVERPOOL AND NEW OR
LEANS COTTON EXCHANGES. Also orders for
No. 40 Exchange Place,
j
MERCHANTS,
1 6 to 2 2 W i l l i a m S tree t, N e w Y o r k *
EXECUTE ORDERS FOR FUTURE DELIVERY
MASS.
at the NEW YORK COFFEE EXCHANGE, and
G R A IN AMD PROVISIONS
at the NEW YORK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TRADE.
Correspondents :
Messrs. Smith, Edwards & Co., Cotton Brokers,
Liverpool,
Jas. Lea McLean & Co., New Orleans.
H I0 H 0 R A D E INVESTMENTS
Members o f New York and Boston Stock Exchange#
Hubbard, Price & Co.,
COTTON EXCHANGE BUILDING,
NEW Y O R K .
AND
Price, Reid & Co.,
N O R F O L K , V A .,
4 8 B R O W N ’ S B U IL D IN G S .
Cotton Brokers and Commission Merchants.
The Short Electric Rail
L IV E R P O O L .
Liberal advances made on Cotton consignments.
Ipecial attention given to the sale of Cotton to
irive or in transit for both foreign and domestio
uarkets. Orders executed for the purchase and sale
if Cotton for Future Delivery.
way Company.
'Special attention given to correspondence with In
terior Cotton Merchants and Buyers for the purana gale o f Cotton both on spot and for future
delivery.
Crenshaw & Wisner,
j . o . Bloss.
J . O. BLO SS & C O .,
COTTON
1 6 & 1 8 E x c h a n g e P la c e , N e w Y o r k .
33
COMMISSION M E R C H A N T S .
Members o f the Cotton, Coffee and Produce Exch’s.
AGENCY OF
THE H AXALL CRENSHAW CO.,
RICHMOND, YA.
Hkandard Brands of Flour for Shipment to Warm
Climates always on hand.
ORIENT MANUFACTURING CO.,
ORIENT, L. I.
Standard Superphosphates.
SULPHUR MINES COMPANY
OF VIRGINIA.
High-Grade Pyrites, free from Arsenic.
Geo. H. Church , Special
MERCHANTS,
H t f lM 9 3 , C otton E x ch a n g e B uilding*
NEW YORK
«ustavus 0. Hopkins.
Charles D. Miller.
Lucius Hopkins Smith.
Samuel Hopkins.
Bliss, Fabyan & Co.,
M E W Y O R K , B O ST O N , P H I L A D E L P H I A
S e l l in g
DROW N
agen ts fo r
L e a d in g B r a n d s
an d B L E A C H E D S H I R T I N G
a n d S H E E T IN G S ,
POINTS, DENIMS, TICKS, DUCKS, &C.
SFuwele, Q u ilts, W h ite G o o d s an d H o s ie r y
Drills, Sheetings, die., for Export Trade.
Geo. Copeland & Co*,
COTTON BROKERS,
f i< 4 P E A R L
STREET, N E T
YORK.
AND
Double Reduction Motors.
W . D. Rountree & Co.,
COMMISSION MERCHANTS,
C O T T O N E X C H A N G E B U IL D IN G , N E W
Y O R K , and N O R F O L K , V A .
COTTON, COFFEE, GRAIN, PROVISIONS AND
STOCKS.
Orders executed in New York, Chicago &Liverpool
SLOW SPEED, MULTIPOLAR RAIL*
Geo. H . MoFadden& Bro.
MERCHANTS,
P H I L A J K E L P H IJ U
Hopkins, Dwight & Co.,
COMMISSION
MERCHANTS,
w illia m Street,
NEW Y O R K .
COTTON
COTTO N* C O T T O N S E E D O I L
AND
SO U TH ERN PRODUCE
Gearless,Single Reduction
Live rpo o l correspond ente,
F R E D E R IC K ER EG A
*
CO.
WAY DYNAMOS.
LINE APPLIANCES FOR COMPLETE
OVERHEAD CONSTRUCTION.
CLEVELAND,
OHIO.
W ay land Trask & Co.,
B A N K E R S AMD B R O K E R S ,
W M . FR A N K LIN H A L L
bo
o“
ACCOUNTANT A T D
™1 E
New forms designed for books of account.
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 A CO.
1 8 W a l l S tr e e t, N e w Y o r k .
Transact a general banking business, including
the purchase and sale on commission o f securitie
dealt in at the New York Stook Exchange.
WAT LAND TRASK,
THXODOM BALDWIN,
ALFRED N. RANKIN.
Am erican E xchange B ank,
ST. LOUIS, MO.
C a p ita l, - « 5 0 0 ,0 0 0 I S u rp lu s, - 6 3 0 0 ,0 0 0
IT E R NICHOLSON, President.
ALVAH MANSUR, Vice-President.
T iiT .T .
rta sh ie r
this State.
E. D. Shepard & Co.,
Ma s s a s o i t H o u s e ,
(SUCCESSORS TO
S P R IN G F IE L D , M ASS.
THE BEST-APPOINTED HOUSE IN WESTERN
NEW ENGLAND.
Convenient for the tourist or business man. Near
Union Depot.
w > H . €HAP IV .
D R E X E L B U IL D IN G , B R O A D S T ., N. Y i
A U G . T . P O ST, Banker,
State, County and City Bonds.
@FedFRASER