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H U N T ’ S
M E R C H A N T S’
^
W iife ljj
M A G AZIN E ,
§ k W 0 p t» i* ,
REPRESENTING TH E IN D U STR IA L A N D COMMERCIAL IN TERESTS OP TH E U N ITE D STATES.
[Entered according to Aot of Congress, In the year 1891, by Wm. B. D ana & Co., In the Office of the Librarian o f Congress, Washington, D. O.]
N E W Y O K E , J A N U A R Y 16, 1892.
Y O L . 54.
ffitrancial.
A M E R IC A N
Bank Note Company,
78
TO
86 TRINITY PLACE,
NEW
YORK.
^ in m tc iv d .
SO LID
I f in a c c ia i.
S IL V E R .
GORHAM
M ’f ’g Co.,
Business Founded 1795.
Incorporated under Laws o f the State of New York, 1858.
R e o r g a n iz e d 1 87 9 .
Broadway & 19th St.,
E n g r a v e r s a n d P r in t e r s o f
B O N D S , P O S TA G E & R E V E N U E S T A 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
N O T E S o f th e U N IT E D "STATES; and fo r
F o re ig n G o v e rn m e n ts .
AND 9 MAIDEN LANE.
ENGRAVING AND PRINTING,
THE
B A N K N O T E S , S H A R E C E R T IF I C 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 » C O R P O R A T IO N S ,
D R A F T S , CH E C K S, B IL L S O F E X C H A N G E .
S T A M P S , A c ., in th e finest a n d m ost a rtistic s tyle
FR O M STEEL PLATES,
National
S A FE TY COLO RS.
SAFETY PAPERS.
W o r k E x e cu te d in F ir e p r o o f B u ild in g s .
LITHOGRAPHIC AND TYPE PRINTING.
B A I L W A T T I C K E T S O F IM P R O V E D S T Y L E S .
S h ow C ards, L a b e ls , C alend ars.
JAMES MACDONOUGH, President.
AUG. D. SHEPARD,
I Vice-Presidents.
TOURO ROBERTSON, f '
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 AAND
NK
ERS,
DEALERS IN
SOUTH ERN
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 B a n k in g B u s i n e s s . N e g o t ia t e
R .R . a M u n ic ip a l Lo a n s . C o r r e s p o n d e n c e I n v it e d .
Our
MANUAL OF IN VESTM ENTS
"largest w ork o f the kind published by an y B anking house in
A m erica. G ratis to clients dk correspon d en ts; tooth ers , $3 a cop y
“ Most elaborate, handsomest and most useful work treating
upon Southern properties which ever came to notice.“ —Boston
H erald. .. 44Worth its weight in gold.” —Norfolk Landm ark.
MRecognized as standard authority, and holds a high reputation
both.in Europe and United States.'*— Washington Post. 44The
States, cities, railroads, and other properties o f the Sonth are
described with a clearness and minuteness o f detail o f great value
to investors."—N. T. Joum . o f Commerce. 44A complete financial
and industrial record o f the Southern States."—N. O. Times-Dem.
44We know of no other work to compare with this Manual for the ex
tent and variety o f information it contains."—Money, Lon., Eng.
C apital,
Su rplu s,
.
-
Park
.
-
.
-
Bank
-
$ 2 ,0 0 0 ,0 0 0
$ 2 ,5 0 0 ,0 0 0
ACCOUNTS SOLICITED.
BUY AND SELL FOREIGN EXCHANGE.
Superior Facilities fo r Collections.
S A F E T Y D E P O S IT
VAULTS
E Q U A L T O AN Y IN T H E
CO UN TRY.
B B n n u x B K . W r ig h t , President.
A r t h u r L h a b y , Vice-President.
G e o r g e s . H i c k o k , Cashier.
E d w a r d j . B a l d w i n , A s s ’t Cashier.
DIRECTORS.
A rthur Leary,
Eugene Kelly,
E ben eier K. W right,
Joseph T. M oore,
Stuyvesant Fish,
George S. H art,
James H . Parker,
FO O TE & F R E N C H ,
BANKERS,
48
Congress
Street
B o s to n , M u s s .
GOVERNMENT BONDS bought and
s o ld .;
RAILROAD BONDS of conserratlv®
issues constantly on hand.
COMMISSION ORDERS exeeuted in
bonds and stocks.
OF N E W Y O R K .
With SPECIAL SAFEGUARDS to PREVENT COUNTERFEIT»«;.
Special papers manufactured exclusively for
use of the Company.
N O . 1,386.
..™
Charles Sternbach,
Charles Scribner,
Edward C. H oyt,
Edward B. P oor,
W . R ockhlll Potts.
A ugust Belm ont,
Richard Delafleld,
G. H unt.
William A . Lombard,
FOREION EXCHANGE bought and
sold.
W M . M. HARR1M AN, Member N. Y. Stock Exchang •
NICHOLAS FISH.
OLIV E R H A R R IM A N , Jr
Harriman &
Co,
N o. 12 0 B R O A D W A Y , N E W Y O R K ,
E QU ITABLE BUILDING,
BANKERS AND BROKERS.'
TRAN SACT A GEN ERAL BAN KIN G A N D STOCK
EXCH ANGE BUSINESS.
John H . Davis & C o.,
BANKERS AND BROKERS,
N o. 1 0 W A L L S T ., N E W Y O R K .
Orders fo r Stocks and Bonds executed at all E x
changes
Especial attention given to supplying high-class
IN VE STIR E N T S E C U R IT IE S .
Howard Lapsley & Co.*
BANKERS AND BROKERS,!
No. 1 Exchange Court1
NEW YORK1
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 »
150 B RO ADW AY, NEW Y O R K .
T H E F O U R T H NATIONAL.
B A N K OF T H E C IT Y O F N E W
YORK
OFFERS
TO
DE
P O SIT O R S E V E R Y F A C IL IT Y
W H I C H T H E I R BALAN CES,
BUSINESS AN D
R ESPO N SI
B IL IT Y W A R R A N T .
Walter Del Mar & Co.,
Members New Y ork Stock Exchange?
75 OLD BROAD STREET,*
LONDON, E. C.
Offers fo r sale Choice Bonds and Mortgages.
A S P E C IA L T Y -N E W YO RK CITY A COUNTRY
BANK
STOCKS,
N e t t in g P u r c h a s e r s 4 t o 1 0 P e r C e n t .
SEND FOR QUOTATIONS.
Samuel D. Davis & Co.*
BAN KERS
A N D D E A LER S IN INVESTM ENT SECURITIES^
Equitable Mortgage Co.
Mo. 44 W A L L S T ., M EW Y O R K .
C a p i t a l a u t h o r i z e d .................. 1 4 ,0 0 0 ,0 0 0 00
2 ,0 4 0 ,5 5 0 00
P a i d in ( C a s h )............................
S u rp lu s d fc u n d iv id e d p r o fit s
8 3 0 ,3 0 0 07
A s s e t s .............................................. .1 4 ,0 7 4 ,8 1 3 50
T h i s c o m p a n y s o li c i t s c o r r e s p o n d e n c e
a b o u t a l l fi r s t - c l a s s in v e s t m e n t s e c u r i t i e s .
B u y s a n d n e g o tia te s M u n ic ip a l, R a i l r o a d ,
>W a t e r , I n d u s t r i a l a n d I r r i g a t i o n B o n d s .
Is s u e s its d eb en tu res a n d n e g o tia te s
m o r t g a g e lo a n s .
C H A R L E S N . F O W L E R , P r e s id e n t.
C H A 8 . BENJ. W ILKINSON, Vice-President.
H E N R Y P. CHURCHILL, Vice-President.
B. P . SH A W H AN , St c. and Treas.
SAMUEL D. DAVIS,
CHAS. B. VAN NOSTHAND .
Member N. Y . Stock Exohange
OFFICES t
New York, 208 B’way.
I Bost., 117 D evonshire St.
Phlla., 4th and Chestnut. Kansas City, Missouri.
London. England.
I Berlin. Germany.
R . T . Wilson & Co.,
BANKERS AND COMMISSION MERCHANT©
33 W a ll Street N ew Y o r k .
A . J . Weil & Co.,
INVESTM EN T SECURITIES!
36 Wall S t, New York and S t Louis.
11
THE
C H R O N IC L E ’
fVOL.
LtV.
B a n k e rs attjft gtra tu cvs o f ^ ¡o x tiffn g-echaugje
Drexel, Morgan & Co.,
WALL STREET, CORNER OF BROAD,
NEW YORK.
Heidelbach,
Ickelheimer 6c Co.,
B A R IN G , MAGOUN «& CO.,
1 5 W ALL ST., NEW YORK,
BANKERS,
2 9 William Street, corner 1 xchange Place,
SUCCESSORS TO
Drexel,HarjesA Co.
KIDDER, PEABODY & CO., NEW YORK,
C or. o f 6th &Chestnut Sts. 31 B oulevard Haussmann
Buy and Sell Exchange
on principal European cities.
Issue Commercial and Travelers’ Credits
available in all parts o f the world.
Drexel & Co.,
P A R IS .
P H IL A D E L P H IA
DOM ESTIC AN D FOREIGN BAN KERS.
Deposits received subject to D raft. Securities
bough t and sold on com m ission. Interest allowed
on Deposits, Foreign Exchange, Commercial Cred
its, Cable Transfers, Circular L etters for Travel
ers, available in all parts o f the w orld.;
ISSUE
C irc u la r L e tte rs of C re d it
fo r T ra v e le rs A bro ad
Agents and Attorneys o f
BARING BROTHERS & CO., L im ited ,
LONDON.
KIDDER, PEABODY & CO., BOSTON.
available In all parts of the world,
on the
UNION BANK OF LONDON, L’ T’ D.
These credits can also be obtained at the
Fifth Avenue Bank, 44th St. and 5th Ave
Choice Investment Securities,
ATTORNEYS AND AGENTS OF
M essrs. J . S. M O R G AN & CO .,
No. 22 OLD BROAD STREET, LONDON.
Brown Brothers & Co.,
BOSTON.
NEW YORK,
'9 9 W all St*
ALEX. BROWN & SONS, BALTIMORE.
Knauth, Nachod & Kühne1
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. V. stock Ex.
PHILA.
CONNECTED B Y PRIVATE WIRE.
Members N. Y., Phila. and Baltim ore Stock E xch’s.
Buy and sell first-class v
._________ .
Investm ent Securities fo r l n . V C S t I I l C I l L
custom ers.
R eceive ac
counts o f Banks, Bankers,
Corporations, Firms and Indivlduals,
on
favorable O C C U r i t l C S .
term s. Collect drafts drawn
abroad on all points in the United States and Cana
da, and drafts drawn in the United States on fo r
eign countries.
T p i.i.p _ „
Buy and sell Bills o f Exchange
J - /C L L C 1 *
and make cable transfers on
o f
all points. Issue Commercial
l •
and Travelers’ Credits available
c r e d i t .
in all parts o f the world.
BROWN, SHIPLEY & CO., LONDON.
Maitland, Phelps & Co.,
22 AND 24 EXCH AN G E P IA C E ,
NEW YORK.
Orders executed fo r all investm ent Securities
A ct as agents o f Corporations, and negotiate and
issue Loans.
BILLS OF E X
CHANGE
Messrs. Smith, Payne
& Smiths, L ondon ;
Messrs. Mallet Freres
A Cie, Paris ;
TELEG RA PH IC
TRANSFERS
Banco Nacional de
M exico, M exico, and
its Branches.
LETTERS OF
CREDIT
J . & J . Stuart & Co.,
AGENTS FOR T H E BAN K OF A U ST R A L A SIA .
33 NASSAU S T R E E T .
August Belmont 6c Co.,
BILLS OF EXCHANGE ON
S M IT H , P A Y N E
& S M I T H ’ S,
BAN KERS, LONDON.
M ANCHESTER
U L S T E R R A N K IN G C O M P A N Y ,
B ELFA ST, IR ELA N D ,
AND ON THE
BANK
OF
SCO TLAN D ,
EDINBURGH AND BRANCHES.
M unroe
&
Co.,
N o. 3 2 Nassau Street, N ew Y o r k .
N o . 4 P o st Office Square, B o sto n .
tissu e Circular Letters o f Credit fo r Travelers’ Use
A broad against Cash or Satisfactory
Guaranty o f Re-paym ent
YExekange on L o n d o n , P a ris, B erlin ,
Z u rich an d St. G all.
C r e d it s Op e n e d a n d P a y m e n t s Ma d e
by
Ca b l e
P a ris H o u se—M U N R O E & CO.
Schulz & Ruckgaber,
BAN KERS,
H 9 W IL L IA M
STREET, NEW Y O R K .
Correspondents o f the
International Bank of Louden (Limited),
Joh. Bereuberg, Gessler & Co., Hamburg.
Bremen Bank, Bremen.
Marcuard, Krause & Co., Paris.
Commercial and Travelers’ Credits.
Bills o f Exchange.
Cable Transfers.
Kountze Brothers,
BANKERS,
B R O A D W A Y , Equitable Building, N EW YORK
BETTERS OF CREDIT AND CIRCULAR
NOTES
Issued fo r the use o f travelers in all parts o f the
w orld. Bills drawn on the Union Bank o f London.
Telegraphic transfers made to L ondon an to
various places in the United States. Deposits eoeived, su bject to check at sight, and interest
allow ed on balances. Governm ent and other bonds
and Investm ent securities bought and sold on com
m ission.
S W IS S U N IO N
BANK,
Schweizerische Union Bank.
ST. G A L L E , (S w itzerlan d).
Capital P a id Up
12 ,0 0 0 ,0 0 0 F r a n c e ,
Solicit A ccounts and A gencies o f Banks and
B inkers.
INTEREST A LLO W ED ON DEPOSITS.
C A B L E TRANSFERS. LE TTERS OF CREDIT
LETTERS OF CREDIT
available everywhere.
DRAFTS
^n all parte of the world.
TRANSFERS
by mall and telegraph.
Kessler & Co,,
BANKERS,
54 W A L L STREET, NEW YO R K
Buy and Sell Hills of Exchange and
Cable Transfers on all the Prin
cipal European Cities.
ISSUE COMMERCIAL AN D
TRAV E LLER S*
CREDITS, BU Y AN D SELL R A IL R O A D
STOCKS, BONDS AND INVESTMENT SE
CURITIES.
ACT AS FIN AN C IAL
AGENTS FOR CORPORATIONS.
BANKERS,
No. 23 NASSAU STREET.
U fottei f l u .
Messrs. ROTHSCHILD,
London, Paris, Frankfort and Vienna.
Issue Circular Credits for travelers available In
all parts o f the world.
ALSO COMMERCIAL CREDITS.
Draw Bills o f Exchange and make Cable Transfers
to Europe, W est Indies, Mexico and California.
E xecute orders fo r the purchase and sale o f Invest
ment Securities.
ALSO
C AB LE TRAN SFERS & LE TTER S OF CREDIT
John
5 South William Street, New York.
AGENTS AND CORRESPONDENTS OF THE
Ac C O U N TY R A N K ,
** LIM ITED.”
M ANCHESTER, P A Y A B L E IN LONDON;
N A T IO N A L
BANKERS,;
John Paton 6c Co.,
SUCCESSORS TO
JE SU P , PA TO N & CO.,
52 W illia m
Street, N ew Y o r k .
A ccounts and A gency o f Banks, Corporations
firms and individuals received upon favorable terms.
Dividends and interest collected and remitted.
A ct as agents fo r corporations in paying coupons
and dividends; also as transfer agents.
Bonds, Stocks and Securities bought and sold on
commission at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
sold.
DRAW ON
TH E UNION BAN K OF LONDON,
BRITISH LINEN CO. BAN K LONDON
SCOTLAND.
The Union Discount Co.
of London, Limit’d.
39 Comhill, London, December 17, 1891.
Capital Subscribed.......................$ 0 ,3 0 5 ,0 0 0
Paid up............................................ 3 ,1 5 2 .5 0 0
9 7 0 ,0 0 0
Reserve Fund................................
$4 8 5 —£ 1 .
NOTICE IS H E R E B Y GIVEN that the RATE S
of INTEREST allowed fo r m oney on deposit are as
fo llo w s :
AT CALL, IX PER CENT.
AT 3 to 7 D AYS’ NOTICE, 1U PER CENT.
T he Company discounts approved hank and mer
cantile acceptances, receives m oney on deposit at
rates advertised from tim e to tim e in the London
Paris and Berlin papers, and grants loans on ap
proved negotiable securities.
CHRISTOPHER R . NUGENT, Manager
AND
Blake, Boissevain 6c Co.,
J . 6c W . Seligman 6cCo.,
LONDOV, E N GLAN D.
BANKERS,
N o. 23 B R O A D S T R E E T ,
N ew Y o rk .
N e g o t i a t e Railway, State and City loans
E x e c u t e orders fo r bonds, Shares, etc., on Com
mission and transact a general Banking an
Commission Business.
S p e c i a l a t t e n t i o n given to the execution
orders fo r Securities on the New York, Lon
don and Amsterdam Exchanges, in corre
pondence with
Issue Letters of Credit for Travelers
On SELIGMAN BROTHERS, London.
SELIGMAN FRERES & CIE., Paris.
SELIGMAN & STETTHEIMER, Frankfurt,
ALSBERG, GOLDBERG & CO., Amsterdam.
A L T M A N & STETTHEIMER, Berlin.
Payable in any part o f Europe, Asia, Africa, Aus
tralia and America.
Draw Bills o f Exchange and make Telegraphic
Transfers o f Money o r Europe and California.
J . Kennedy Tod 6c Go.,
BL4K E
BROTHERS
&
CO.,
5 Nassau Street, N ew Y o rk ,
28 State Street» B o sto n , M a ss.,
AND
BANKERS,
A D O L P H BO ISSEVAfW & CO.
NO. 45 WALT, STREET, NEW YORK.
A m sterd a m , H o lla n d .
Deposits received subject to draft, and Interest
allowed on balances.
OFFER INVESTMENT SECURITIES.
Bonds and Stocks bought and sold on commission
on all American Canadian, British and Dutch
markets.
Transfer o f Stock and Bonds. Payment and co
lection o f Dividends, Coupons and Interest W ar
rants. Foreign Exchange and Cable Transfers on
Loaf on and Bark
Dennistoun, Cross 6c C o .,
Bartholomew Lane, London, E. C.,
E xecu te orders fo r the purchase and sale o f
Bonds, Stocks, Ac., on the Stock E xch an ge; receive
accounts and A gencies ot Banks, Railways, Corpo
rations, Firms and Individuals upon favorable
term s; Commercial and Travelers’ Credits and
Bills o f Exchange on them are issued by their
Agents and Attorneys.
MOSLE BROTHERS,
52 EXCHANGE PLACE. NEW YORK.H
J a n u a r y 16
© a im
THE
1& 2J
d ia t i
C H R O N IC L E .
J Ç a n L s .
Bank of Montreal,
[ESTABLISHED 1818.]
C APIT AL Paid In - - 813,000*000 Gold
SURPLUS - - - - 86*000*000 Gold
H on. Sir DONALD A . SMITH. President.
E. S. CLOUSTON, General Manager.
N E W Y O R K OFFICE:
N os. 59 a n d 61 W A L L S T R E E T .
W a l t e r W a t so n , ) a cents
A l e x ’r L a n g ,
} -agents.
Buy and sell Sterling ana Continental Bxohange
nd Cable Transfers ; grant Commercial and Travel
•rs’ Credits available in any part o f the W orld
■sne drafts on, and make collections in, Chicago
■nd throughout the Dom inion o f Canada.
L o n d o n Office, N o. 2 2 A b c b u rc li L a n e.
Canadian Bank of Commerce
Capital and Surplus....................8 6 ,9 0 0 ,0 0 0
ALEX. LAIRD and WM. GRAY
AGENTS,
16 EXCHANGE PLACE, NEW Y O R K .
BUY AN D SELL STERLING EXCHANGE, CABLE
g a i i k s .
'g o x t iQ U .
T H E N EW YO RK
Heinemann & Co.,
Produce Exchange Bank,
Transacts a general hanking business.
R eceives accounts o f banks, bankers and corpora
tions upon favorable terms.
Issues certificates o f deposit bearing interest.
Solicits m ercantile and personal accounts.
Bills o f exchange drawn on, and cable transfers
made through, TH E CITY BAN K, Lim ited
LONDON.
Circular letters o f credit issued fo r travelers’ use
in foreign cou ntries; also com m ercial credits.
A ccoun ts o f foreign bankers received and co l
lections in the United States made on favorable
terms. A gents in New York o f the
BANCO NACIONAL DB CHILE.
M E R C H A N T S NATIONAL BANK,
f ’A
PORTLAN D. OREGON.
Paid Capital.................................. 81*000,000
President......................................... j . LOEW ENBERG
Vice-President ....................................JAMES STEEL
Cashier...................................................L A . MACRUM
SELLS SIGHT EXCHANGE
AN D TE LE
GR A PH IC TRANSFERS, and ISSUES LE TTER S
o f CREDIT available throughout the United States.
D R A W S BILLS OF EXCH AN GE on London,
L iverpool, Dublin, Paris, Berlin, F rankfort-on -th eMain, and all the principal cities o f E u rop e; also e>
H ong Kong.
COLLECTIONS M ADE on all accessible points.
TRAN SFERS, BTC.
Issue Commercial Credits available In all
parts ol tbe world.
Canadian Currency bought,
.
, .
Drafts drawn on and Collections m ade at all
points in Canada.
Merchants7 Bank o f Canada
Capital Stock Paid Up...............8 5 ,1 9 9 ,3 0 0
Reserve Fund................... ...........83 ,5 1 0 ,0 0 0
Henry Hague and John B. Harris, JrM
AGENTS,
61 W A L L STREET, NEW Y O R K .
BUY A N D
SELL STERLING EXCHANGE, CABLE
TRAN SFERS, AC
J.
W.
A. M.
D im m ic k ,
President.
B a l d WIN,
Cashier^
ALABAM A
COLLECTIONS AND INVESTMENTS
M ADE B Y
FIRST N A TIO N A L BANK,
MOKTGOHERY,
ALA.
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............................... 8 3 0 0 .0 0 0
Surplus................................................ 81 35 ,0 00
Imperial Bank o f Canada.
W. B. B l a c k w e l l . H . O, F is h b a c k . E d m u n d r ic e .
General Banking Business Transacted.
Special Attention to Collections.
President,
Br a n c h e s in On t a r io .—Essex, Fergus, Galt,
IngersolL Niagara Falls, P ort C olbom e, St. Cath
arines, St. Thom as, Sault Ste Marie, W elland,
W oodstock, R at Portage.
T o r o n to .—W ellington Street, Y on ge and Queen
Sts., Yonge and Bloor Sts.
B r a n c h e s in N o r t h w e st —W innipeg, Brandon,
Calgary, Portage la Prairie, Prince A lbert, Edm on
ton.
Agents in L ond on :
I A gents in New York,
L loyd ’s Bank, limited. I Ba n k o f M o n t r e a l .
Collections prom ptly made in any part o f Canada.
Drawers of Sterling Exchange.
AGENCY OF THE
B
a
n
k
OF
B ritish N orth
N o. 5 2 W A L L
Cashier,
STR EET.
BROW NFIELD, I Agents.
SAN FRANCISCO.
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 P roprietors.......... 10,000,000 00
T b e Corporation grant D rafts, issue Letters o f
Credit fo r use o f travelers, and negotiate or collect
Bills payable at Bombay, Calcutta. Singapore,
Saigon, Manila, H on g Kong, F ooch ow , A m oy,
Ningpo,- Shanghai, H ankow, Yokohama, H iogo,
San Francisco and London.
A . M . T O W N S E N D , A g en t, 5 0 W a ll St.
The Bank
O F SAN FRANCISCO, CAL.
UNITED STATES DEPOSITORY.
CAPITAL,
SURPLUS,
.
.
of
.
.
.
.
8 1 ,5 0 0 ,0 0 0
8 6 1 0 ,0 0 0
S. G. M u r p h y , President. E. D. M o r g a n , Cashier
J â m e s M o f f it t , V .-Pres. G. W . K l in e , A sst. Cash
GENERAL BANKING BUSINESS.
ACCOUNTS SOLICITED.
Australasia.
Paid-up Capital, £1,600,000; R eserve Fund, £800,080; R eserve Liability o f Proprietors under the
charter, £1,600,000.
Letters o f Credit and D rafts issued on any o f the
n u m eious branches o f the Bank throu ghou t A us
tralia and New Zealand. Bills negotiated or sent
fo r collection. Telegraphic transfers made.
Deposits received in L ondon at interest fo r fixed
periods, on terms which m ay be ascertained on ap
plication.
.P R ID B A U X SELBY, Secretary.
Corporations, Firms and Individuals upon
favorable terms; also orders fo r the pur
chase and sale o f Bonds, Shares, &c., Sus.
on the Stock Ekrchange.
Interest 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.
Negotiate Railway, State and City Loans.
Pierce, Wright & Co.,
52 N ew B r o a d Street,
LONDON, E . C.
A ct as Agents fo r American Banks and Financial
Companies. Collect Foreign Exchange and execute
orders on commission on the London Market.
INTEREST ON DEPOSITS, C ABLE TRANSFERS.
The London Produce
CLEARING) HOUSE, LIMITED,
Is now prepared to receive SILVER fo r Storage
and to issue W A R R A N T S fo r same. For terms,
Ac., apply at the Company’Si.ofiloes, 31 Mincing
Lane London. Englan
R . A . Lancaster & Co.,
BANKERS,
N o. 10 W A L L S T R E E T ,
NEW YORK.
DE A LER S IN
INVESTMENT and MISCELLANEOUS
SECURITIES.
Wood, Huestis & C o.,
31 Pine Street, New York City.
COMMISSION
BRO KERS,
AN D DEALERSUN
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 )1
L . M. SW AN,
E. H . LA D D , JR.,
General Partners.
C. D. WOOD, Special Partner.
N E W O R L E A N S, L A .
Capital...81 ,0 0 0 ,0 0 0 I Surplus....84 7 5 ,0 0 0
Simon Borg & Co.,
J. C. MORRIS, Pres.
E D W A R D TOBY, Cash,
Co r r e sp o n d e n t s —Nat. City Bank, Nat. Bank o f
Commerce, New York. Boatm en’s Bank, St. Louis.
N. W . Nat Bank, Chicago. Merchants’ Nat. Boston
N o. 2 0 N ASSAU S T ., N E W Y O R K ,
DIALERS IN ALL KINDS OF
Railroad and Investment Securities*
Bank of Buffalo,
B U F F A L O , N. Y .
W m . c . C o r n w e l l , C a sh ’ r
Capital......8 3 0 0 ,0 0 0 ISurplus......8 3 3 5 ,0 0 0
This Bank has superior facilities fo r making Col
lections in and out o f the city on the m ost liberal
terms, and with careful attention to th e best intecests o f its correspondents.
Co r r e sp o n d e n t s Importers’ & Traders’ Na
tional Bank and Chemical National Bank, New
Y o r k ; Merchants’ Loan & Trust Co., Chicago; Union
Bank o f London. London.
MERCHANTS’ NATIONAL BANK,
So u t h e r n Se c u r it ie s
Collections made on all Southern points on best
term ; prompt returns.
JOHN P. BRAN CH , President.
Jo h n F. Gl e n n , Cash’r. F r e d . R . Scott . V ice-P res
Young & Nelson,
46 W a ll Street, N ew Y o rk .
Investment Securities
T. s. y o u n g . J r .,
a Specialty.
Member N. Y . Stock E xchange.
w
. s.
n e l so n
a s p e c ia l t y .
Hatch & Foote,
7 PINE STREET, NEW YORK.
IN V E ST M E N T
SE C U R IT IE S.
C . W . Branch & Co.,
R IC H M O N D , V IR G IN IA .
(Incorporated by R oyal Charter, 1835.)
No. 4 Threadneedle Street* London.
Solicit accounts and agencies o f Banks, Railway i
Southern Securities a Specialty*
The First National Bank
8 . 8 . J e w e t t , P r e s ’t .
Hong Kong & Shanghai
LONDON.
V ice-President
N ew Orleans Canal &
Banking Company,
A merica ,
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.
_
CIRCULAR NOTES issued in Pounds Ster
ling, available in all parts o f the world. COM
MERCIAL CREDITS ISSUED fo r use in
Europe, China, Japan, East and W est Indies and the
Brazils, River Plate, &c.
Bills collected and other banking business trans
acted.
62 Gresham House, E. C.,
CORRESPONDENCE IN VITED
Issue Commercial Credits, Available In
all Parts of the World.
CAPITAL (paid up)
8 1 ,9 0 0 ,0 0 0
SURPLUS
. . . . .
9 5 0 ,0 0 0
H. S. HOWLAND, Pres’t. T. R. MERRITT, V.-P.
D. R. WILKIE, Cashier.
HEAD OFFICE, TORONTO.
in
BAN KERS AN D BROKERS,
St a t e b a n k B u il d in g ,
RICHMOND,
VA.
Private wires connecting with W ashington, Baiti
m ore, Philadelphia, New York, Boston and Chicago
New York Correspondents : Messrs. Moore Sf
Schley and Prince & W hitely.
W . H. Goadby fie Co.,
BANKERS AND BROKERS,
NO.
24
BROAD
New York.
STREET*
THE
if
la u te t» and Irakers in S e w S a r k ©its.
B oody,
M
cLELLAN
BANKERS,
SV
B r o a d w a y , o p p o s ite E x ch a n g e
P. 0 . BOX 447.
P la c e .
% U S U V V LV Ltt*
Taintor & Holt,
Co.,
&
No. 11 Wall Street, Cor. New, New York.
Investment Securities
A specialty, Including W ater Bonds, Car Trust
Bonds and flrst-class Railway Bonds.
Particulars furnished on application.
Private telegraph wires to Providence and Boston
a
.
C. W . McL e l l a n ,
H en ry T. Bo od y.
G. E. TA IN TO R. G. D. L ’H U ILIER . G. H . H OL1
A TLA N TIC M UTUAL
Insurance Co,
boody,
Emerson
Henry S. Redmond,
M e m b e r N. Y . Stock
48
OFFICE OF TH E
BANKERS
TRANSACT A G E N ER A L BANKING AN D STOCK
e x c h a n g e b u s in e s s .
Da v i d
Vou L iv ;
C H R O N IC L E
W ALL
STREET,
W . K. B. E merson ,
R a m s a y T urnbull
Member N. Y. Stock Exchange.
BONDS.
Fred H. Smith,
No. 20 Broad Street New York.
« P F fllT L A T I V E A O C O rN T B R E C E IV E D .
C o m m is s io n , 1 - 1 6 P e r Cent."~~
STO C K S, BONDS AND
PETROLEUM .
Orders solicited In large or small lots fo r cash or
d o reasonable margin. Miscellaneous Bonds, either
la default or Interest-paying, bought and sold.
ESTABLISHED SINCE 1868.
B r o w n ’s So n s ,
Members New Y ork Stock Exchange,
STOCK
BONDS.
YORK.
Carefully compiled list o f choice Investm ent Bonds
furnished upon application.
St e w a r t
La
Montagne, Clarke & Co.,
BAN KERS AN D BROKERS,
4 4 and 4 6 B ro a d w a y , N ew Y o r k .
S L a M o n t a g n e , J r ., Member N. Y. Stock Exch
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 B eth le
hem.
Robertson & James,
BOND and STO CK B R O K E R S
Dealers in Investment Securities,
NO. 7 NASSAU STREET,
BRO K ERS,
(Continental National Bank Building,)
64 BROADWAY, NEW YORK.
Stocks and bonds bought and sold on commission
small or large lots. A ccoun ts solicited. In for
m ation prom ptly given.
Fahnestock &
Turnbull,
80 BRO AD W AY.
exhcanoe,
NEW
&
BANKERS AND BROKERS
N ew Y o r k .
R . J . Kimball & Co.,
Co.,
B A N K E R S AND B R O K E R S,
3 W a l l Street, New York.
Supply selected investment bonds fo r cash or In
•x^hange for marketable securities,
i Execute commission orders for investors at the
Stock Exchange or in the open market.
Furnish Information respecting bonds.
Gilman Son & Co.,
BAN KERS,
(Established in 1866.)
B AN K E R S A N D BRO KERS,
16 a n d 18 B roa d Street, N ew Y o r k .
Members o f the New York Stock Exchange and of
the Philadelphia Stock Exchange.
.
R o b e r t J .K im b a l l . A l fr e d B. L ounsbsbsry .
H I. N ic h o l a s ,
W . C. T a y l o r ,
Members N. Y . Stock Exchange.
H . I. Nicholas & Co.,
BANKERS
NO. 6 2 C E D A R S T R E E T ,
ha addition to a General Banking Business, Buy
and Sell Governm ent Bonds and Investm ent Se
curities.
INVESTMENT BONDS A SPECIALTY.
Rolston & Bass,
STOCKS, BONDS AN D MISCELLANEOUS
SECURITIES.
W . H . ROLSTON,
2 0 B r o a d S tr e e t,
W . A L E X . BASS, Jr.
NEW Y O R K .
Members N. T . Stock lux.
BIDW IN 8. HOOLBY.
P. O. B ox 8.080
J. 8 . Nic h o l a s ,
M. M a y e r .
INVESTMENT
AND
BROKERS.
SECURITIES A
SPECIALTY.
11 Wall Street, New York.
E m erson M cM lllin ,
H e n r y B. W il so n .
Emerson McMillin & Co.
40 W A L L STREET, NEW Y O R K .
Negotiations Conducted fo r Purchase and Sale o f
G a s , E le c t r ic , W a t e r , S t r e e t R a i l w a y , C o a l,
I r o n a n d In d u s tr ia l P r o p e r t ie s .
Securities negotiated only upon personal examina
tion o f property.
'
The Colorado Mining
>
H . G. Campbell & Co., Investment Company,
H e n r y G. Ca m p b e l l , } Members N. Y . Stock
J. B o r d e n H a r r im a n ,
Exchange.
B AN K ERS AND B R O K E R S,
9 N ew S tre e t a n d 7 4 B r o a d w a y ,
N EW YO RK
41 W A L L STREET, N EW YO R K ,
ARIES B U IL D IN G , BOSTON, M A SS.
Marquand & Skehan,
B A N K E R S AND B R O K E R S ,
In v e s tm e n t B o n d s a n d S to c k s ,
16 B R O A D STR E E T, NEW Y O R K .
R u sse l l m a r q u a n d
Jam es
Member N. Y. Stock Exchange.
b
DEALERS IN
DIVIDEND-PAYING M INING
SECURITIES.
. Sk e h a n
Haven & Stout,
B A N K E R S
AND
Members o f the Consolidated Stock and Petroleum
Exchange.
RAILROAD STOCKS AND BONDS
BOU GH T AND
SOLD
A t l-16 th per cent Commission.
BANKERS,
B R O K E R S ,
2 E x ch a n g e C ou rt, N. Y .
18
W ALL
STR EET, N E W
YORK.
Established 1865.
MEMBERS OF N EW YO RK STOCK EXCHANGE
A llow interest on deposits subject to sight check.
Buy and sell on commission stocks and bonds either
fo r cash or on margin, and deal In
Investment Securities.
A M . K id d e r ,
J. H . MORES
ch as. d .
Ma r v i n ,
W . M. n m n a
New Y ork , Jan. 21st, 1891.
The Trustees, in conformity with the Chartet
o f the Company, submit the following state
ment of its affairs on the 31st of December,
1890.
Premiums on Marine Bisks from
1st January, 1890, to 31st
December, 1890....................... $3,829,33119
Prem’ms on Policies not marked
off 1st January, 1890............... 1,357,82114
Total Marine Premiums___ $5,187,152 33
Premiums marked off from 1st
January, 1890, to 31st De
cember, 1890............................ $3,792,974 46
Lesses paid during the same
period............................... $1,423,467 21
Returns of Premi
ums and expenses.$753,158 86
The Company has the following Assets, viz.:
United States and State of New
York Stock, City, Bank and
other Stocks............................. $7,599,315 00
Loans secured by Stocks and
otherwise................................... 2,266,000 00
Beal Estate and Claims due the
Company, estimated at.......... 1,118,562 11
Premium Notes and Bills .re
ceivable..............
1,345,029 39
Cash in Bank...............................
198,428 18
A m ount.................................$12,527,334 68
«r
SIX PEB CENT INTEREST on m e outstand
ing certificates o f profits will be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 3d of February next.
THE OUTSTANDING CERTIFICATES of
the issue of 1886 will be redeemed and paid to
the holders thereof, or their legal representa
tives, on and after Tuesday, the 3d of Febru
ary next, from which date all interest thereon
will cease. The certificates to be produced at
the time of payment and canceled.
A DIVIDEND OF FORTY PER CENT is
declared on the net earned premiums of the
Company for the year ending 31st December,
1890, for which certificates will be issued on
and after Tuesday, the 5th o f May next.
By order o f the Board,
J . H . CHAPMAN, Secretary.
TRUSTEES :
Charles D. Leverich,
N. Denton Smith,
W. H. H Moore,
Edward Floyd Jones,
A. A. Raven,
Joseph H. Chapman, George H. Macy,
Lawrence Tumure,
James Low,
Waldron P. Brown,
Wm, Sturgis,
Anson W. Hard,
Benjamin H. Field,
Isaac Bell,
James G. DeForest,
Thomas Maitland,
William Degroot,
George L. Nichols,
William H. Webb,
Gustav Amsinck,
Horace Gray,
William G. Boulton,
William E. Dodge,
Russell H. Hoadley,
John L. Biker,
Joseph Agostini,
George Bliss,
George W. Campbell,
C. A. Hand,
Vernon H. Brown,
John D. Hewlett,
Christian de Thomsen,
Charles P. Burdett,
Leander N. Lovell.
Henry E. Hawley,
Charles H. Marshall,
JOHN D. JONES, President.
W . H . H. MOORE, Vice-President
•
A . A . RAVEN, 2d V ice-President
J. D. Jones,
THE
J a n u a r y 16, 1812.]
C H R O N IC L E
«ankers and jBrskers ®n t ot jjtetp ^ark>
W ESTERN.
N E W EN GLAN D.
B e n j a m in a . J a c k so n
■Jo sh u a W il b o u r .
Wilbour, Jackson & Co
BAN KERS A N D BROKERS,
NO. 52 W E V B O S S E T S T R E E T ,]
C O R R E SPO N D E N T SOLMSTED.
P R O V ID E N C E , R . I.
Dealers in Commercial Paper, Governm ent and
other first-class Bonds and Securities and Foreign
E xchange.
Private telegraph wire to New York and B oston/-
CHOICE C IT Y MORTGAGES.
Security Unquestioned. Non-Fluctuating.
Interest 6, 7 and 8 per oent.
Maps and Circulars on Application.
IN V E ST M E N T S E C U R IT IE S .
CHAS. H ALLO W ELL «& CO.,
EXCHANGE BUILDING,
3 3 STATE STREET, BOSTON, MASS.
Ed w a r d s W h i t a k e r .
BOND AND STOCK BROKERS,
BANKERS,
3 0 0 N orth F o u rth Street,
Transact a General Banking Business. Dealers in
Stocks, Bonds and Local Securities.
P R IV A T E TE LEG RA PH W IRES TO N EW YORK
AN D BOSTON.
Ch a r l e s H . Sh e l d o n , J r . w e l l ia m b i n n e t , J r .
ST. LOUIS.
b.
Rea.
.S a m u e l R e a .
1 1 5 F o u rth A ven u e, P ittsb u rg,
SAM’L A. GAYLORD,
JNO. H . BLESSING.
STOCKS, BONDS AND GRAIN.
MEMBERS O r THE
New York, Philadelphia and Pittsburg
Stock Exchangee.
P R IV A T E W IRES TO N EW YO RK A CHICAGO
HIGH
GRADE
MUNICIPAL
BOND8
&
Co.,
W . T. IRWIN.
FRANK ELLIS.
F. H. BALLMANN.
1 UESJUY, Jan. 19, at 12:30 P. M,
Morehead, Irwin & Co.,
51
W EST
THIRD
STREET,
CINCINNATI, OHIO.
Breese & Cummings,
MEMBERS OF THE
BANKERS AND BROKERS,
111 AN D 113 MONROE! S T R E E T ,
PITTSBURG,
PA.
CHICAGO
Securities listed in New York, Boston or Chicago
carried on conservative margins. Lake Superior
Iron Mining Stocks dealt in.
CORRESPONDENCE INVIIED.
ESTABLISHED 1871.
I. H. Waggoner,
Whitney & Stephenson*
STOCK BROKER,
BAN KERS AN D BROKERS,
CHICAGO LOCAL SECURITIES.
N o. 57 F O U R T H AVJSNUE.
Rank, Gas, StreefRailroad Stocks and'Bonds, T ele'
phone and Industrial Securities.
Oldest Pittsburg members N. Y . Stock Exchange
E . W . Clark & Co.,
BAN KERS AN D BROKERS,
No. 139 South Fourth St.,
____ ¿ P H I L A D E L P H I A . ^
■ Transact a general banking business?*1 Aüow
Interest on deposits.
Members o f the Philadelphia and New York
Stock Exchanges, and connected by private wire
With New York.__________ _________________________
Wilson, Colston & Co.,
BANKERS,
(Members o f Baltimore Stock Exchange)
B A L T IM O R E .
(INVESTMENT and SOUTHERN SECURITIB
a specialty.)
Correspondence invited and information fur
Dished.
Solicits Business iu
179 LA SALLE STREET, CHICAGO.
Wm. G. Hopper & Co.,
2 8 SOUTH THIRD ST., PH ILA,
Stocks and Bonds bought and sold on Com
mission fo r Cash, or carried on favorable terms.
Interest allowed on balances. Correspondence
solicited.
,
G. R . Voss,
Commercial Paper,
O. L. B oisse v a i n .
von Hemert & Co.,
BOND A N D STO CK B R O K E R S ,;
R O A N O K E , V A.
The undersigned hold R E G U L A R W E E K L Y
AUCTION SALES o f all classes o f
STO C KS A N D
BONDS
ON
608 FIR ST N A TIO N A L B AN K BUILDING,
EVERY WEDNESDAY.
Omaha, Nebraska.
A D R IA N H . M U L L E R & SON,
Davenport & Co.,
R o ber t G o o d b o d y .
NO. 1 PINE STREET, NEW YORK.
B AN K ER S
AND
B R O K E R S,
R IC H M O N D , V IR G IN IA .
ESTABLISHED, 1860.
Correspondence solicited and inform ation fu r
nished about Southern State, Municipal and Rail
_
New York Reference—CHAS. M . F R Y , Esq., Presi.
dent Bank o f New York, N. B. A .
(SOUTHERN INVESTMENT SECURITIES road Investm ent Securities. _ - _______
A SPECIALTY
S T O C K S and B O N D S
A t Auction.
Bonds, Stocks and Investm ent Securities.
N. Y. Correspondents—M cK im B r o t h e r s A Co.
H . J. y o n H e m e r t .
Stocks a n d B onds,
A t the Real-Estate Exchange A A uction R oom
Nos. 69 to 66 Liberty St.
(By order o f John Irish, Executor).
10 shares National Bank o f Comm erct, 8100 each.
31 shares Pennsylvania Coal Co., $10 each.
(By order o f Executors.)
$ 11,000 Chesapeake & Ohio Railway Co. Consolidated
6 per cent Bonds, due 19J9.
212,500 Long Island R R. Co. 7 per cent Bonds, due
1898.
29.000 Knickerbocker Ice Co. 6 per cent Bonds, due
ln05.
,7,000 Central Park North & East Hiver R R , Co. 7
per cent Bonds, due 1902.
(For account o f whom it may concern.)
60 shares National Bank o f Commerce, $100 each.
2.000 shares Monarch Mining A Milling Co. o f
New M exico, $5 each.
100 shares National Broadway Bank, $25 each.
60 shares Bank o f New York, 2100 each.
60 shares Am erican Exchange National Bank, $100
each.
10 shares National Park Bank, $100 each.
40 shares Farmers’ Loan & Trust Co., $25 each.
50 shares Continental National Bank, $100 each.
9 shares United States Trust Co., $100 each.
7 shares Im porters’ & Traders’ National Bank, $100
each,
100 shares Merchants’ Exchange National Bank, $60
each.
100 shares Merchants’ National Bank, $60 eacn.
$16,000 Omaha Street Railway Co. First Mortgage 5
per cent Bonds, due 1914.
$10,000 Jackson Lansing A Saginaw 5 per cent
Bonds, due 1901 (Michigan Central R R.
Co.)
$10,000 Illinois Central R R. Co. First Mortgage 314
per cent Bonds, due 1951.
$5,000 New York Central A Hudson River R R. Co.
Extended 5 per cent Bonds, due 1893.
Lists at auctioneers’, 71 and 73 Liberty St.
N. B.—Sales should be received by noon on Friday
to get the benefit o f advertising in this paper.
P IT T S B U R G , P A .
Exclusive Private W ire to New York A Philadelphia.
REGULAR AUCTION SALE
SUCCESSORS TO
J. B. B r e e se , Member New York Stock Exchange
D. M. Cu m m in gs , Member Chicago Stock Exchangee
ILOCAL SECURITIES A SPECIALTY.
DIRECTORS.
Samuel D. Babcock,
Augustus D. Juilliard,
Frederic Cromwell,
Richard A . McCurdy,
Josiah M. Fiske,
Edwin Packard,
W alter R. Gillette,
H enry H. Rogers,
R obert Goelet,
H enry W . m ith,
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.
Irwin, Ellis & Ballmann,
B A N K E R S AND B R O K E R S ,
Mew York, Philadelphia and Pittsburo
Stock Exchanges.
INTEREST A L LO W ED ON DEPOSITS.
OF
Stock, Bond and Note Brokers,
Henry Sproul
TRAN SACTS A G EN ERAL BAN KIN G A N D
TRUST COMPANY BUSINESS. AND SOLICITS
T H E ACCOUNTS OF CORPORATIONS, FIRMS.
AN D INDIVIDUALS.
A SPECIALTY.
NO.
“ ESTABLISHED 1881.”
$3,000,000
$500,000
Henry W. Donald, Auctioneer.
W ESTERN SECURITIES AND
Pa.
3
.
Gaylord, Blessing & Co., Richard V. Harnett & Co.
B A N K E R S AN D B R O K E R S ,
ST. LOUIS.
Rea Bros. & Co.,
M u tu a l L ife B u ild in g .
Ch a r l e s H o d g m a n
28 Westminster St., Providence, R. I.
Thomas
59 C E D A R S T R E E T , N E W Y O R K ,
EDWIN PACKARD. President.
DEN VER, COLORADO.
ADRIAN ISELIN, Jr., Vice-President.
406 Girard Building,
91 Tim es Building
GEO. R . TURNBULL, 2d Vice-President.
P H IL A D E L P H IA .
N EW YO RK . • HENRY A . M U RRAY, Treas. and Sec.
J. NELSON BORLAND, Assist, Secretary,
Whitaker & Hodgman,
Sheldon & Binney,
Indemnity Co.,
The L. H. Griffith Realty & C A P IT A L ,
SU R PLU S, . .
Banking Company.
Noyes & Bridge.
P er Cent Electric Street. RR. Gold Bonds.
6 Per Cent W ater Company. Bonds.
7 Per Cent Irrigation Bonds.
10 P er Cent State o f Wash., County Warrants.
ifitranciai.
N ew York Guaranty &
Seattle, Washington.
10 Per Cent City and County Warrants«
9 Per Cent First Mortasare Loans.
8 Per Cent School Bonds.
f
▼
A . L. L e e .
g.
B. W a t t s , J r
Robert Goodbody & Co.,
3 0 B R O A D S T R E E T , N. V .,
BANKERS
AND
BROKERS
Stocks and Bonds Bought and Sold ou
Commission.
INTEREST A LLO W ED ON DEPOSITS.
THE
VI
ffiuatucial.
South Carolina Railway
Company.
TO THE HOLDERS OF
C H R O N IC L E
[V ol. LTV,
I p w a ttc ia L
fftu a ttc ia U
amount so charged to be credited on the assessment
i f called, or accounted fo r if the assessment is not
called.
Reorganization certificates o f deposit o f the New
Y ork Security & Trust Company will be issued fo r
the securities, and application will be promptly made
to list the same on the New York Stock Exchange.
r OUISVILLE & NASHVILLE R R . CO.
CONSOLIDATED 2d MTG. BONDS,
T h e agreem ent o f reo rg an iza tio n is
INCOME BONDS AND
In p rep aration , an d w ill b j ready for
STOCK OF THE COMPANY. delivery in a fe w days at th e office o f
T h e fo llo w in g p la n o f reorganiza»
ti on is proposed.:
F irst m o itg a g e
bon d s,
after paym en t o f o u t
stan din g sterling bon d s,
to be in a ll............................ $ 5 ,0 0 0 ,0 0 0
T h e N ew Y o r k Security & T ru st
C om p an y, No. 4 6 W a ll Street.
CHARLES S, F A I R C H I L D ,
T H O H A S L . H AN SO N , J r .,
H . K . POM K O Y,
GEORGE W . D IL I A W A Y .
D a ted , N e w Y o r k , Jan. 15,1892.
New Issues.
Second m ortgage 6 per
cent tw en ty -y ea r g o ld
b o n d s...................................... $ 1 ,5 0 0 ,0 0 0
F ir st pref. sto c k , five per
2 ,0 0 0 ,0 0 0
cen t, cu m u la tiv e ...............
N ote—This stock to contain a provision that no
mortgage shall be placed before it unless this stock
be included.
Second pref. stock , five
per cent, n o n -c u m u la tiv e ............................................ $ 3 ,0 0 0 ,0 0 0
N ew c o m m o n sto c k ............
4 ,2 0 0 ,0 0 0
$ 1 5 ,7 0 0 ,0 0 0
Distribution o f New Seconds.
E x ch an ge present seconds
fo r n e w seconds, par fo r
par o f p rin cip al.................. $ 1 ,3 3 0 ,0 0 0
F o r redem ption 2 8 8 ster
lin g a n d currency b on d s
less 117 con solidated
firsts n o w h eld by T ru s
tees, n e w seconds.............
1 7 0 ,0 0 0
$ 1 ,5 0 0 ,0 0 0
Distribution ot 1st Pref. Stock.
Issu e fo r cou p on s existin g
seconds (2 4 per cent) to
J u ly 1, 1 8 9 2 .......................
F o r 10 per cent Assess
m en t In com e bon d s and
sto c k ..................................
R eserve fo r car tru st an d
perm an en t b etterm ents.
$ 3 6 0 ,0 0 0
Office of the
EDISON GENERAI. ELECTRIC CO.,
Edison Building. Broad St.
. ,
N e w Y o r k , Jan. 5,1892.
T o the stockholders o f the Edison General Electric
Company :
The ninth quarterly dividend o f 2 per cen t'on all
the stock o f this company has been declared by the
Board o f Directors, due and payable on Feb. 1,1892,
at.the office o f this company, to holders o f record
Jan. 20,1892.
The transfer books will be closed at 3 o ’clock P. M.
on Jan. 20,1892, and reopened on Feb. 11,1892.
B y order o f the Board o f Directors,
A . MARCUS, Secretary.
Office of the
EDISON GENERAL ELECTRIC CO.,
Edison Building, Broad i*t.,
N e w Y o r k , Jan. 5,1892.
Notice is hereby given that the annual meeting o f
the stockholders o f the Edison General Electric
Company will be held at the office o f the company,
Edison Building, Broad St., New York, at noon on
Wednesday, Feb. 10,1892, for the purpose o f electing
Directors fo r the ensuing year, and fo r the transac
tion o f such other business as may com e before the
meeting.
The transfer books will be closed at 3 o ’clock P. M.
on Jan. 20,1892, and re-opened Feb. 11,1892,
By order o f the Board o f Directors,
A . MARCUS, Secretary.
O F F IC E OF THE CANADA SOUTHERN
U
9 2 0 ,0 0 0
Distribution of 2d Pref. Stock.
E x ch an ge
present
In
com es for Second P re
ferred sto c k , par for par $ 3 ,0 0 0 ,0 0 0
Distribution o f New Common Stock.
4 ,2 0 0 ,0 0 0
I f arrangements can be made fo r paying off the ex.
isting First Mortgage Bonds, the com m ittee reserve
the right to substitute a Consolidated First Mortgage
at a rate o f interest not to exceed 5 per cent and not
to exceed in amount seven millions o f dollars,
($7,000,000,) and in that event pay off the existing
First and Second M ortgage Bonds and the interest
thereon in cash.
The First Preferred stock given fo r the assess
m ent under the foregoing plan is subject to interest
charges on the First and Second Mortgages o f $390,000 per annum. The net earnings, as stated by the
Receiver, are sufficient to cover the dividends on
the Preferred Stock to be issued fo r Second Mortgage
coupons and fo r the assessment. Charles S. Fairchild, George W . DUlaway, H. K . Pomroy, and
Thomas L . Manson, Jr., have consented to serve as
a Committee to manage the Reorganization; a fifth
m ember will be added hereafter. T he New York
Security & Trust Company, No. 46 W all Street
has been selected as the official depositary o f these
securities.
Holders o f the Consolidated Second Mortgage
Bonds, Incom e Bonds, and o f stock, are invited to
deposit their securities with the depositary above
named on or before the 8th day o f February, 1892
The deposit o f Incom e Bonds and o f stock does not
obligate the holders to pay any part o f the assess
m ent o f ten per cent until this plan shall be declared
operative by the Committee in charge. The Incom e
Bonds and Stock so deposited will b e subject to a
charge for prellminery expenses n ot to exceed five
dollars ($5) for each bond deposited and one dollar
$1 ) fo r each ten shares o f stock deposited, the
A Ch u r c h St ., W o r t h St . a n d W est Br o a d w a y ,
,,
... ^
N e w Y o r k , Jan. u , 1892.
A t a meeting o f the stockholders o f the H. B. Claflin
Company, held this day at the office o f the Company
in Elizabeth, N. J., John Claflin, Edward E. Eames,
Daniel Robinson, Horace J. Fairchild, D exter N.
Force and George E. Armstrong were elected D irec
tors fo r the ensuing year.
A t a subsequent meeting o f the Directors the Presi
dent. Vice-President, Treasurer and Secretary were
re-elected fo r thelensulng year without change.
G. E. ARMSTRONG, Secretary.
7 2 0 ,0 0 0
$ 2 , 0 0 0 ,0 0 0
E x ch a n g e ex istin g stock
tor n e w sto c k , par for
p a r ...........................................
rpHE H . B. CLAFLIN COMPANY,
R A IL W A Y COMPANY.
G r a n d Ce n t r a l St a t i o n ,
N e w Y o r k , December 2 3 , 1891.
)
j
T he Board o f Directors o f this Company have this
day declared a SEMI-ANNUAL DIVIDEND o f ONE
AN D ONE-QUARTER PE R CENT and an E X T R A
DIVIDEND o f ONE-HALF PE R CENT on its Cap
ital Stock, payable at this office on the 1st day o f
FE B R U A R Y next.
The Transfer Books will be closed at three o ’clock
P. M. on Thursday the 31st day o f December, and
will be reopened on the morning o f Tuesday, the 2d
day o f February.
A L L Y N COX, Treasurer.
A F F IC E OF W ELLS, FARGO & CO.,
VJ
63 B r o a d w a y ,
N e w Y o r k , Dec. 21,1891. „
The regular semi-annual dividend o f FOUR PE R
CENT has been declared by the directors o f this
company, payable Jan. 15, 1892, at our office, as
above.
The transfer books will close Dec. 81,1891, and re
open Jan. 16,1892.
H. B. PARSONS, Assistant Secretary.
NO. 120 B R O A D W A Y ,
N e w Y o r k Ci t y , Ja n . 7,1882..
T he Board o f Directors o f this Company have thi*
day declared a cash dividend o f TW O A N D ON EH A L F P E R CENT, payable Feb. 4, 1892, to such
as shall be registered stockholders o f the Company
at 8 P . M „ Jan. 22,1892.
The stock transfer books o f the com pany w ill
close at 3 P. M., Jan. 22,1892, and reopen at 10 A,
M. on Feb. 8,1893.
AUGUST BELMONT. Chairman.
T H E MICHIGAN CENTRAL RAILROAD
L
COMPANY.
T r e a s u r e r ’ s O f f ic e , G r a n d Ce n t r a l St a t io n , >
Ne w Y o r k , December 23,1891. J
The Board o f Directors o f this Company have thisday declared a SEM I-ANNUAL DIVIDEND o f T W O
PE R CENT on its Capital Stock and also an A DDI
TION AL dividend o f ONE A N D ON E-H ALF P E R
CENT thereon, both payable on Monday, the first
day o f February next at this office. The tran sfer
books will be closed at 3 P. M. on Thursday, the 31st
inst., and will be reopened on the morning o f Tues
day, the 2d day o f February next.
H E N R Y P R A T T , Treasurer.
/> R B A T
VJ
NORTHERN
R A IL W A Y
CO.
40 AND 42 W A L L STREET.
Jan. 13.1892.
The Directors o f this Company have declared the
usual quarterly dividend o f ONE AN D ONE-QUAR
T E R (1*() PE R CENT on the Preferred <apital Stock,
ayable at this office on and after February 1 to stockolders o f record on that date. T he transfer bookswill be closed at 3 o ’clock P.IM. January 20 and w ill
be reopened at 10 o ’clock A . M. on February 3.
E. T. NICHOLS, Secretary.
P
Mobile & Ohio Railroad
Company.
First Preferred Income and Sinking:
Fund Debentures.
In accordance with the terms o f the deed o f trust,,
th e follow ing bonds have this day been drawn by lot.
or account o f the sinking fund, viz.:
19 $1,000 DEBENTURES.
Nos. 322, 823,327,1555,1556, 1557, 1568, 1559, 1560,
3183, 3184, 3185,3186, 3187, 3642, 4014,4015,4016,4017,
7 .$500 DEBENTURES.
NOS. 152, 221, 245, 300,339, 422, 432.
SO $100 DEBENTURES.
Nos. 415, 416, 555, 556, 629, 630, 645, 646, 647, 801,
862, 863, 866, 873,874, 876, 876, 914, 915, 916, 917, 918,
919,920,921,1073,1074,1130,1131,1132.
The principal o f said debentures will be paid upon,
presentation at the office o f T H E FARM ERS’
LOAN & TRUST COMPANY, Nos. 16,18, 20 and 22
W illiam St., New York.
T he interest on the above bonds will cease on and.
after January 1,1892.
T H E FA RM ER S’ LOAN & TRUST CO., Trustee,
B y R. G. ROLSTON, President.
Ne w Y o r k , Dec. 81,1891.
The Railway Share Trust
& Agency Company,
npHE NATIONAL CORDAGE COMPANY.
LIMITED,
The Board o f Directors have this day declared the
regular quarterly dividend o f TW O P E R C E N T on
the Preferred and TW O A N D ON E -H ALF PE R
CENT on the Common Stock o f this Company, pay
able Feb. 1 next at the transfer office o f the Com
pany, 132 Front St., this city. T he books will close
Jan. 15 and reopen Feb. 2 next.
CH ARLES D AVIS, Treasurer.
4 Bank Buildings, London, England.
A
N e w Y o r k , J a n u a r y 8,1892.
T A R E SHORE & MICHIGAN SOUTH
JU ERN R A IL W A Y CO.
T r e a s u r e r ’ s o f f i c e , G r a n d C e n t r a l St a t i o n , >
_
N e w Y o r k , D ecem ber 23,1891. {
The Board o f Directors o f this company have de
clared a SEM I-AN N U AL DIVIDEN D o f TW O
AND ON E-H ALF (2*6) P E R CENT on its Capital
Stock and also an ADDITIO N A L DIVIDEN D o f
ONE (1) PER CENT thereon, both payable at this
office en MONDAY, the 1st day o f February next,
to tha stockholders o f record at 3 o ’clock P. M. on
Thursday, the 31st inst, at which tim e the transfer
books will be closed, to be re opened on the m orn
in g o f Tuesday, the 2d o f February next.
E. D. W ORCESTER, Treasurer.
Subscribed and Paid-up Capital, £ 9 7 1 ,3 0 0
This Company undertakes the negotiation and
issue o f Loans and Capital o f companies on the L on
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 alsoas Trustee fo r Debenture holders.
CABLE ADDRESS, P A V Y , LONDON.
T H E M E R C A N T IL E N A T IO N A L B A N K
JL
OF T H E CITY OF NEW YORK.
A t the annual meeting o f the shareholders o f thisBank, held January 12,1892, the following-named'
gentlem en were duly elected Directors fo r the en
suing y e a r:
Ch a r l e s t . b a r n e y ,
J a m e s e . Nic h o l s ,
W il l ia m C. B r o w n in g , G eo r g e H. Sa r g e n t ,
Ch a r l e s L. Co l b y ,
C h a r l e s M. V a i l ,
G eo rg e W . Cr o ss m a n , I sa a c w a l l a c h ,
H e n r y T. K n e e l a n d ,
J a m es M. W e n t z ,
Em anuel Lehm an,
R ic h a r d h . W il l ia m s ,.
ik e n ,
F r e d e r ic k b . Sc h e n ck ,
/AFFICE CENTRAL PACIFIC R A IL - Se t h M. M il lW
il l ia m P. St . J o h n .
" J ROAD COMPANY, SAN FRANCISCO, Cal.,
t a meeting o f the Board held January 15, Mr.
Jan. 5,1892.—ONE D O LLAR PKR ¡-H ARK on the WAIL
L IA M P. ST. JOHN was unanimously re-elected
capital stock o f this com pany will be paid on and j
F. B. SCHENCK, Cashier.
after February 1 , 1892, on presentation and sur President.
render o f Dividend W arrant No. 26 at the office o f
the Southern Pacific Company, No. 23 Broad Street,
A N Y P E R S O N D E S IR O U S O F M A K I N G
New York City.
an investment in Tacom a realty, appraised by
Transfer books will be closed at 2 o ’clock P. M.
Jan. 16, and opened at 10 o ’clock A . M. Feb. 3.
three disinterested persons at $230,000, requiring an
By order o f the Board o f Directors.
outlay o f $125,000 with an assured return o f 10 pe
E. H . M ILLER, J r ., Secretary.
cent per annum fo r 3 years, will please communicate.with the Commercial Investm ent Company, B o x 3,
R A I L W A Y Financier—Capitalist, banker or con
tractor wanted to finance company embracing old rail Tacoma, W ashington. R eferences, National Bank,
way and new extension. Address Bonanza, this office. o f Commerce, Bank o f British Columbia.
THE
J anuary 16 18k2.J
C H R O N IC L E .
vii
fjfitxanjcial.
Îfim tîic ia l.
The Union Discount Co. of London, L’t’d,
Missouri Kansas & Teiras
Railway,
39 CO RNHILL, LONDON, E. C.
CAPITAL. S U B S C R IB E D , $6,305,000,
In 130,000 Shares o f $48 50 E a c h ; on w h ich $24 25 hare been paid
Paid u p ............................................................... $3,152,500
Reserve F u n d ............................................................. $970,000
Number of Shareholders, 2 ,2 6 1 .
“ o m E C T O R s T
Joseph Allen, Esq.
William Thomas Brand, Esq.
Sir Edward Blount, K.C.B.
Albert Deacon, Esq.
_
William Dunn, Esq., M. P.
Arthur John Fraser, Esq.
John Green, E$q.
James Duke Hill, Esq.
Robert Peter Laurie, Esq., C.B., M.P.
Geo. F. Mewburn Esq. ’
’
Henry Oppenheim, Esq.
Manager—CHRISTOPHER R. NUGENT, Esq.
Assistant to Manager—H. B. SCRIVENER, Esq.
----------------------------- Secretary-E. MARCH, Esq.
Sr.
Balance Sheet 31st December, 1891.
ffr.
To
Capital A ccoun t,
130,000 shs. Of $48 50 $6,305,000 00
*** Profit & Loss A c c t —
A m ou nt at Credit... .
477,915 85
Less Current Expens’s
67,068 08
„
--------------------410,847 77
N o t e ,—T he above statement does --------------------n o t Include the Co.’s liability under $61,794,112 05
th e Baring Guar. Fund.
OF THE
DALLAS & WACO R’Y CO.
D A T E D NOV. 1, 1890. DUE NOV. 1, 1940.
INTEREST M A Y AND NOVEMBER.
Guaranteed Unconditionally by the
MISSOUfr I KANSAS & TEXAS R’Y CO.
.Loans on Sundry Securities at call
f> « c 9 qoq *?a
and short dates................ .........
Bills discounted (including Treas’
’
>•
a ...........................................46,835,52125
“ Balance o f amount paid Messrs
Harwood, Knight & Allen fo r
97 000 00
..
Siooa will o f their b u sin e ss........
Freehold and leasehold Premises,
fittings and furniture...................
329 932 05
Price o f Issue SS P er Cent F lat.
q«si
*1
*
*
$61,794,112 05
«r.
T o Current Expenses, In
cluding
Salaries,
R ent and Taxes,
D irectors’ Fees and
all other charges...
R ebate o f Intere’t on
Bills discount’d n ot
due carried forw ard
to new a ccou nt......
R eduction o f amount
paid to Mess. Har
wood, Knight &
A llen
., .............
■" D ivlde’d fo r the halfyear at the rate o f
8 per cent per an
num free o f Incom e
T a x .................. . ...
Bal. carried d o w n ...
$67,068 08
B y Balance brought forw ard from 30th
June, 1891......................................
. Gross Profits fo r the half-year!
a fter making provision fo r bad
and doubtful d eb ts.......................
$05 570 3
’
412 345 5.
$167,884 08
24,250 00
126,100 00
02,61368
410,847 76
$477,915 84
$477,915 84
Balance brought down.
C . MARCH,
$92,613 68
JAMES D. HILL,
Secretary.
JOHN GREEN,
•
Directors.
We have examined the foregoing Accounts and find they are in due conformity with the
B ooks and Vouchers of the Company. Further, we have satisfied ourselves of the correctness
i-of the items of Cash at Bankers, and of the Securities and Bills of Exchange on hand, according
"to the Books on the 31st December, 1891.
THOMAS A. WELTON,
)
A. YOUNG,lt0n’ J01168 & ° 0,)
(Turquand, Youngs & Co.
L ondon, E. 0., 5th January, 1892.
CANADIAN PACIFIC RAILW AY CO
DIVIDEND NOTICE.
A half-yearly dividend upon the capital stock of
this company, at the rate or FIVE PE R CENT per
annum, will be paid on Feb. 17 next, to shareholders
o f record on that date. Of this dividend One and
O ne-H alf Per Cent is from the annuity provided for
by a deposit with the Canadian G overnm ert and
One Per Cent is from the surplus earnings o f the
company.
Warrants fo r this dividend.payable at the Agency
o f the Bank o f Montreal, 59 W all Street, New York
will be delivered on and after Feb. 17, at that agency,
■to shareholders on the New York Register.
Warrants o f European shareholders on the L on
don Register will be payable in sterling at the rate o f
Four Shillings and One Penny Half-penny (4s. lU d.)
per dollar, less income tax, at the Bank o f Montreal,
22 Abchurch Lane, London, and will be delivered on
o r 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
to 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 ATE R , Secretary.
O f f i c e o f t h e Se c r e t a r y , Montreal, Dec. 22,1891
T,.h e
fourth
n a t io n a l
bank
of
T H E CITY OF N EW YORK,
N e w Y o r k , January 14,1892.
A t the annual meeting o f the stockholders o f this
bank, held January 12th, 1892, the following-named
entlemen were unanimously elected Directors. E D W A R D SIMMONS, JOHN H. INMAN.
FREDERICK MEAD,
ROBERT W . STUART
■ORNELIUS N. BLISS, R ICH A RD T. WILSON’
CH ARLES S. SMITH,
MARCUS A . BETTM A&
JAMES G. CANNON.
A t a meeting o f the Board o f Directors, held this
day, Mr. J. E D W A R D SIMMONS was unanimously
e-elected President and Mr. CORNELIUS N. BLISS
nd Mr. JAMES G. GANNON were unanimously relected Vice-Presidents.
CHARLES H . PATTERSON, Cashier.
f
1st Mtge. 50 -Y ea r 5 Per
Cent Cold Bonds
rm
By Cash at Bankers...................
“ Consols, E xchequer Bonds and
" A m ount paid, $24 25
per share...................
$3,152,500 00
970,000 00
“ Reserve F un d.............
”** P roviden t
R eserve
26,028 74
Fund...........................
“ Short Drafts on Cur
rent A ccoun ts..........
14,055 90
“ Loans and D ep osits.. 86,462,068 76
“ Bills R e-discoun ted.. 20,758,610 88 57,220,679 64
ISSUE O F $1,340,000
[ Auditors.
)
Chattanooga Southern Ry.
Company.
Holders of bonds and stock of this Com«
pany will please send a list of their hold
ings to the Reorganization Committee at
the office of
' • »
COFFIN Sc STANTON,
72 B R O A D W A Y , NEW YORK.
(Signed)
H. A. V. POST, Chairman.
H EN RY L. LAMB,
NEW MAN ERB,
H. P. SCOTT,
W M. E D W AR D COFFIN.
N e w Y o r k , Jan. 12,1892. ____________
Q A L LATIN
NATIONAL BANK.
^
N e w Y o r k , January 13,1892.
A t the annual election held on January 12,1892, the
following-nam ed gentlemen were elected Directors
o f the bank fo r the ensuing ye a r:
FREDERICK D. TAPPEN ,
W M . W . ASTOR,
A D R IA N ISELIN, JR.,
THOMAS DEANY,
FREDERIC W . STEVENS,
A L E X . H. STEVENS,
H E N R Y I. BAR B EY ,
W . EMLEN ROOSEVELT.
A t a subsequent meeting o f the Board, held this
day, Mr. FREDERICK D. T A PPEN was unani
m ously re-elected President and Mr. A L E X . H.
STEVENS Vice-President.
________
A R T H U R W. SHERMAN, Cashier.
WAN* ED :
Chicago (Alley.) Elevated RR. Construction Co.
Georgia Pacific RR.
P ort Royal & Augusta RR.
W inona & Southwestern RR. bonds and stock.
Postal Telegraph & Cable Co.
Detroit Hillsdale & Southwestern RR.
Metropolitan Traction Co,
Fitchburg RR. com m on stock.
GUSTAVUS MAAS.
2 6 Broad St.
Messrs. POOR Sc GREENOUGH offer fo
sale $ 1 ,1 7 3 ,0 0 0 of the above bonds on the fol
lowing terms:
Payable $80 per Bond on application.
$800 per Bond on March 1 ,1 8 9 2 .
To*al..$880 per Bond.
T he bonds are now ready fo r delivery and appli
cants to whom allotment is made may anticipate the
final payment, receiving discount at 5 per cent per
annum from time o f such prepayment up to March L
Definite bonds will be exchanged fo r full-paid allot
m ent letters after the final payment.
T he Dallas & W aco Railway, sixty-seven miles In
length, form s a part o f the main line o f the Mis
souri Kansas Sc Texas ft ail way, extending
from Dallas, south to Hillsboro, near W aco, and was
com pleted in March, 1891.
Until the com pletion o f this road the m ileage o f
the Missouri Kansas & Texas System north o f Dal
las was separated from the southern portion o f the
system, the only connection between the divided
portions being through use o f a section o f the Texas
& Pacific Railway, over which the Missouri Kansas
& Texas Company had running powers. T he Mis
souri Kansas & Texas, recognizing the necessity, sup
plied this break in the continuity o f its system b y
constructing a line o f its own. The link was supplied
by the organization o f a separate company known as
the Dallas Sc Waco Railway Company, but
owned exclusively by the Missouri Kansas & Texas
Company, which operates the road as a portion o f its
own main line and guarantees unconditionally
the bonds, the guarantee being Indorsed on
each bond.
The Dallas Sc Waco bonds are issued at the
rate o f $20,000 per mile on sixty-seven miles o f line,
form ing part o f a chartered limit o f one hundred
miles to W aco, but the present ^sixty-seven miles Is
all that will he required, since the termination at
Hillsboro, on the main line, thirty-four miles north
o f W aco, establishes the desired continuity. By
agreement o f the company only $17,500 per mile Is
to be issued against the railway, making $1,173,000
bonds now available. The additional $2,500 per mile
are deposited with the Trustee, and, if issued, will be
used fo r the purchase o f additional facilities when
required.
T he Missouri Kansas & Texas Co., which guaran
tees unconditionally the principal and interest o f the
bonds, owns the entire capital stock o f the Dallas A
W aco Co.
The above statements are made on the authority
o f a letter from the President o f the Missouri Kan
sas & Texas Railway Company, attached to the pro
spectus, which also states that the gross earn
ings of that company lor 1890 were $ 9 .0 0 4 ,006. and net earnings, $ 2 .6 5 2 ,1 4 3 ; its own
fixed charges, $1,600 ,* 00, leaving a sur
plus of about $ 1 ,0 0 0 ,0 0 0 , applicable to the
guarantee of the bonds of the Dallas Sc
Waco Railway Company. The gross earn
ings for the year ending Dec. 31, 1891,
were about $ 9 ,7 5 0 ,0 0 0 .
A simultaneous issue is made in London and Am
sterdam.
The bonds o f the Dallas & W aco Railway Company
are listed on the New Y ork Stock Exchange.
Copies of the prospectus, map and forms
of application may be obtained from the
undersigned.
SUBSCRIPTIONS W IL L BE OPENED ON JAN .
18 A N D W IL L CLOSE ON OR BEFORE JA N 21.
POOR & GREENOUGH,
2 0 |W A L L S T ., N E W Y O R K ,
THE
T ill
[Y ol. LTV.
C H R O N IC L E .
Ifitmtucial.
Jfiuatxjcial
THE
B O N D S .
NEW YORK LIFE INSURANCE COMPANY
Begs leave to announce that its Twenty-Year Tontine
Policies, issued in 1872, are now maturing, with
the following results:
I.
1 . Ordinary Life Policies are returning from 20 to 52 per cent in excess o f their cash
cost, according to age of insured. (See example below.)
2 . Twenty-Year Endowment Policies are returning from 58 to 71 per cent in excess
of their cash cost, according to age of insured. (See example below.)
Lehigh Valley Ter. Ry. Co., 50 -y r.,g .,lst 5s.
Delaware & Hudson, Penn. Division, 1st 7 s.
ackson Lansing & Saginaw Ext. 1st
5s.
Morris & Essex, 1st M. on Boonton B r„ 7s.
Morris & Essex 1st Consol.
7s.
United New Jersey B R . <fc Canal Co. 1st 6s.
G U A R A N T E E D STOCKS.
UnitedN.J. R R .& Can. Co.(Pa. RB.) lO p.c.
Warren R R . Co. (D. L . & W.)»
7 p. c.
Bald Eagle Val. R R . (Pa. R R . Co.) 10 p. e.
3. Limited Payment Life Policies are returning from 43 to 141 per cent in excess of
their cash cost, according to age of insured. (See example below.)
EXAMPLES OF MATURING POLICIES.
1. Policy taken at Age 43,
$2,000 ; Cost, $1,402 ;
2. Policy taken at Age 30,
$5,000 ; Cost, $4,853 ;
3. Policy taken at Age 37, $10,000; Cost, $7,166;
TH ESE
RETURNS IR E
H A D E TO
M EMBERS
1
Cash Value, $1,757
76
Cash Value $8,238
45
Cash Value, $'0,338 40
AFTER
THE
REED & FLAGG,
COM
P A N Y H A S C A R R I E D T H 8 I N S U R A N C E ON T H E R E S P E C T I V E P O L I C I E S
FOR TW EN TY YEARS.
P IN K
STREET,
NKW
YORK.
A . M. Kidder & Co.»,
BANKERS,
18 Wall Street.
D EALERS IN H IG H CLASS
II.
IN V E S T M E N T B O N D S
1. Persons insured under Ordinary Life Policies may, in lien o f the above
cash values, continue their insurance, at original rates, and
receive CASH DIVIDENDS of from 71 to 115 per cent of all premiums
that have been paid, and annual dividends hereafter as they accrue. (See
example below.)
2 . Persons insured under Limited Payment Life Policies may, in lieu o f the
above cash values continue their insurance, w ithout lurther
payments, and receive CASH DIVIDENDS of from 67 to 163 per cent
of all premiums that have been paid, and annual dividends hereafter as
they accrue. (See example below.)
EXAMPLES OF DIVIDENDS.
AND
Guaranteed Stocks.
CIRCULAR ON APPLICATION .
KOHN’S ART ROOMS,
L. Crist Delmonico,
1. Policy (see above) may be continued for the original amount at original rates
with annual dividends, and the accumulated dividends, amounting to
$980 62, may be withdrawn in cash.
2.
SUCCESSOR.
Modern Paintings.
Policy (see above) may be continued without further payments, receiving annual
dividends, and the accumulated dividends, amounting to $4,820 30, may 1 6 6 F I F T H A V E N U E , N K W Y O R K ,
be withdrawn in cash.
Betw een 21st and 22d Streets.
Persons desiring to see results on policies issued at their present age, and fur
ther particulars as to options in settlement, will please address the f o in pan j
o r its Agents, giving date o f birth.
Charles T . Wing & Co.,
III.
BONDS,
The Management of the Company further announce, that:
1. THE C O M P A N Y ’S NEW BUSINESS FOR 1891 EXCEEDED
$ 1 5 0 ,0 0 0 ,0 0 0 .
2. ITS INCOM E EXCEEDED T H A T OF 1890.
3. ITS ASSETS AND INSURANCE IN FORCE WERE BOTH
LARGELY INCREASED.
4 . ITS M O R TA LITY RATE WAS MUCH BELOW
CALLED FOR BY THE M O R TA LITY TABLE.
THAT
5. A DETAILED S T A T E M E N T OF THE Y E A R ’S BUSINESS
will be published after the Annual Report is completed
W IL L IA M II . B E E R S President.
H E N R Y T U C K , Vice-President.
A R C H IB A L D H . W E L C H . 2d Vice-President.
R U FU S W . W E E K S , Actuary.
IS W A L L STREET, NKW Y O R K .
Prank * . Wing,
Henry A. GlasslordEdward N. Gibbs. Special.
SOUTHERN
California Securities
OF TH E HIGH EST CH ARACTER.
7 Per Cent Debenture Bonds.
8 Per Cent Guaranteed Mortgages.
W . R . T . Johnston,
60 B R O A D W A Y , N K W Y O R K .
Danbury & Norwalk RR. Stock.
Housatonic RK. Prefer re t Stock.
Consolidated Rolling Stock Co. Stock.
Newark Pass. R’y - tock and Bonds.
Buffalo Railway Stock and Bonds.
Syracuse Cons. St. K’y Stock and Bond
D E A L T IN B Y
3 4 6 and 3 4 8 Broadway, New York.
SAMUEL H. BARROWS, 34 New St .
ïitautial
ommcrti*11
H U N T ’ S
M E R C H A N T S’
M A G AZIN E ,
^
S itfu fe lM
U fW ü p p f* ,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES,
¡Entered according to Act of Congress, in the year 1892, by Wm. B. D ana & Co., in the office of the Librarian of Congress, Washington, D. C.]
S A T U R D A Y , J A N U A R Y 16, 1 8 9 2.
V O L . 54.
3 £ ïte
The comparison with the corresponding week of the pre
vious year is the most favorable in many months, the gain in
the total for the whole country being 28 per cent, while out
side New York the ^increase reaches 16 per cent. In some
cases the ratio o f excess over 1891 is very marked, notably
at W aco, New York, Minneapolis, St. Paul, Omaha, Des
Moines, Lincoln, Baltimore, Springfield and Syracuse.
© fe r o t t ic lje .
Terms of Subscription—Payable in Advance:
For One Y ear..................................... .................................$10 00
For Six M onths..................... ...............................................
6 00
European Subscription (including postage)..................... 11 50
European Subscription Six Months (including postage).
6 75
Annual Subscription in London (including posta ge).... £2 8s.
Six Mos.
do.
do.
do.
. . . . £1 9s.
The I n v e s t o r s ’ S u p p l e m e n t of 160 pages is issued every other
month, on the last Saturdays of Jan., March, May, July, Sept, and
Nov., and furnished without extra charge to all subscribers of the New Y o rk ...................
C h r o n ic l e .
The St a t e a n d C i t y S u p p l e m e n t (published tw o or more times a
year) is also given to every annual subscriber o f the C h r o n ic l e .
A file cover is furnished at 50 cents; postage on the same is 18
oents. Volumes bound for subscribers at $1 00.
Subscriptions will be continued until definitely ordered stopped. The
publishers cannot be responsible for remittances unless made by drafts
or Post Office money orders.
Terms of Advertising—(Per inch space).
One time........................... ...$ 3 50 Three Months (13 tim es)..$25 00
(26 “ ).. 43 00
One Month
(4 times).. 1100 Six Months
Two Months
(8 “ ). 18 00 Twelve Months (52 “ ).. 58 00
L o n d on A gen ts :
Messrs. E d w a r d s & S m i t h , 1 Drapers’ Gardens, E. C., will take sub
scriptions and advertisements, and supply single copies o f the paper at
Is. each.
„ n l v . ÇW I L L I A M B . D AN A & C o .. P u b lish ers,
102 W illia m Street. N E W Y O R K .
JOHN S . FLOYD.
^
POST OFFICE B O X 958.
CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, January 16, have
been $1,352,682,483, against $1,498,829,417 last week and
$1,237,700,287 the corresponding week last year.
CLEARINGS.
Return« by Telegraph.
1891.
N ew Y o r k ....................... . . . . . . .
B oston ..........................................
Philadelphia...............................
B altim ore............................ .
C h ica go......................................
St. L ou is....... ....................
N ew O rlea n s
....... . . . . .
$712,008,515
86,883,987
58,285,291
14,437,140
81,040,000
19,873,183
11,727,628
$633,804,864
87,214,948
59,866,538
13,001.400
66,619,000
19,839,132
14,780,977
Seven cities, 5 d a y s . . . ___
O ther cities, 5 d a y s .......... .
$984,265,744
142,016,923
$895,126,859
127,602,416
T otal all cities, 5 days.
Lcities, 1 day__________
$1,126,272,667
226,409,816
$1,022,729,275
214,971,012
T otal all cities fo r w e e k ...
$1,352,682,483
1 $1,237,700,287
Per Cent.
$
941,981,217
1891,
$
691,936,894
Week Bnd'g Jan. 2.
1892.
IP. Cent.
•
+ 86-1 669,345,446 +16-5
P . Cent
Sales of—
(Stocks...............shares.)
Cotton................ bales.)
(Grain............. bushels.)
(Petroleum........... bbls.)
(1,299,432) (+144-0
(3,170.516)
(552,400) (+51-0)
(833,900)
(30,817,425) (13,645,475) (+125-8
(424,000) (+67-9
(712,000)
(1.427,778)
(589.000)
(18,514,000)
(132.000)
B oston.............
P roviden ce....
H artford.........
New H a ve n ...
Springfield....
W o r c e s te r .....
Portland.........
L ow ell.............
New B edford,.
116,421,010
5,970,200
4,138,971
1,776,173
1,836,793
1,429,416
1,446,489
797,162
506,359
96,978,470
6,081,800
3,339,324
1,850,212
1,365,876
1,303,413
1,476,960
736,815
482,535
+ 20-0
—1-8
+23-9
-4 -0
+34-5
+9-7
- 2-1
+82
+4-9
95,903,595
5,139,900
1,960,693
1,084,966
1,263,841
1,432,100
1,246,915
644,910
498,567
134,322,573
113,615,405
+18-2
109,175,487
86,689,149
14,ldl,734
19,085,960
8,893,639
2,171,407
1,713,664
1,379,279
897,064
349,800
71,182,057
12,340,902
13,976,297
8,614,850
1,926,248
1,641,111
1,039,780
924,163
308,200
+ 21-8
+14 8
+36-6
■+4-4
+12-7
4 4-5
+32 6
- 2 -r
+13-5
59,681,846
12,007,868
12,574.563
7,077,429
1,424,793
1,370,048
1,059,993
686,164
227,200
—4-6
+13-6
-7 -6
+ 11-8
+ 12-2
+0-5
+34*5
+9-7
-6 7
T otal Middle.
135,341,696
111,853,608
+ 21-0
96,109,904
+ 1-8
C hicago... . . ..
Cincinnati.......
M ilw aukee....
D etroit...........
Cleveland . . . .
Columbus...... .
Indianapolis...
P eoria..............
Grand Rapids.
L e x in g t o n .....
105,068,551
16,027,750
7,444,414
7,039,592
6,028,043
3,487,500
2,635,168
2,082,828
899,068
510,201
85,852,344
13,809,050
6,336,894
6,653,940
5,398,067
3,060,800
2,363,126
2,002,445
1,095,083
552,924
-I-22-4
+16-1
-H7-3
+5-8
+11-7
+14-0
+11-5
4 4-0
-17-9
—77
81,409,749
11,622,600
5,977,652
5,100,000
4,724,047
2,835,200
2,198,765
1,473,490
909,544
332,224
151,223,115
127,124,673
16,812,125
2,503,576
1,900,154
1,241,516
850,327
16,324,174
2,131,708!
2,037,040
1,368,499
889,215
1,211,900
21,308,028
10,624,849
9,983,152
6,531,430
6,851,803
5,388,142
1,900,000
2,190,406
1,415,608
1,073,696
497,286
929,265
533,438
Total New England.
Philadelphia.
Pittsburg.......
B altim ore....
Buffalo...........
W ashington..
R ochester—
Syracuse.......
W ilm ington..
Binghamton..
San Francisco....
Portland..............
Salt Lake C ity ...
Seattle.................
Tacom a................
Los A ngeles........
+12-3
—0*4
—2*6
T otal Pacific.
+ 11-0
421-6 Kansas City.
40-2 Minneapolis.
St. P a u l.. ...
—20-7 Omaha..........
D enver..........
4 10 -0 D uluth......... .
+11-3 St. Josep h...,
Sioux C ity....
4 10 *1 Des Moines..
W ic h it a .......
46-3 L incoln.........
T op eka.........
+9-3
T otal Other W estern.
The full details of clearings for the week covered by the
above statement will be given next Saturday. W e cannot, of
oourse, furnish them to-day, bank clearings being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night. Below
are our usual detailed figures for the previous week, that is
covering the returns for the period ending with Saturday
noon January 9, with the comparative totals in 1891.
The aggregate for the opening week of the new year is a
very satisfactory one, the increase over the last previous full
week—that ending December 19—reaching over two hundred
and eighty-six millions of dollars, of which two hundred and
thirteen million is at New York. Speculation in share proper
ties at the New York Stock Exchange has been active.
Week Ending January 9.
1892.
T otal Middle W estera.
Week Ending January 16.
1892.
N O . 1,386.
T otal S outhern...
T otal a ll................
+14-0
-9 -3
+12-5
—29-8
15,951,142
1,578,328
1,216,169
672,239
891,236
638,119
—6-1
—16*3
—31-3
-36-6
23,962,536
+1-4
20,947,233
—10 -fl
9,285,222
6,899,809
4,418,771
4,011,073
4,441,219
1,898,476
1,730,929
1,224,403
767,227
553,868
587,322
601,567
+14-4
+44-7i
-j-47-8
448-6
+21-3
+26-5
+15-6
+ 399
-10-2
+58-2
—11-3
7.443,639
7,160,704
4.700.000
4,338,929
3,560,164
1.500.000
1,645,993
859,536
769,160
411,562
525,000
369,688
+7-6
+23-5
+28-3
424-2
—3-7
-0 -3
+ 2-3
- 2-1
+43-7
—10*7
+24-3
46-0
47,922,075
37,019,886
+29-4
33,284,365
4 l 3 ‘6
26,652,574
12,640,117
7.484.924
3,380,826
2,546,907
2,378,185
3,284,305
1.300.000
800,000
1.215.000
583,000
764,875
1,178,020
2,034,266
2.054.924
24,167,248
15,688,208
7,719,203
3,637,639
1,970,334
2,287,901
4,293,201
1,748,455
1,100,557
1,167,159
662,800
726,590
439,788
410-3
—19-4
-3 -4
—7-1
+29-8
+3-9
—23-5
- 25-71
-27*3
4-4-1
- 12-0
-t-53
+167-9
19,763,754
11,320,244
5,373,367
-1 -7
-1 7 -6
64,208,733
65,609,143
1,499,307,437 1,171,182,145
Outside New York.
Montreal*..
H alifa x*....
Toronto*...
Hamilton*.
* N ot included in totals.
0-8
+ 18 9 " li e ,583,271
1 , 000,000
St. L ou is......
New Orleans.
Louisville......
G a lveston ....
H ouston........
N ashville......
M em phis.......
Dallas.............
F ort W orth ..
N orfolk..........
C hattanooga..
Birmingham ..
W aco...............
Savannah*...
A tlanta*........
-
657,326,220
1,589,091
9,219,299
1,012,222
479,245,251
43-0
+17-4
-6 6
40-1
3 ,000,000
1,056,000
1,151,885
2,107,264
991,371
569,814
1,079,614
286,000
427,720
800,000
1,638,711
1,484,595
-
8-2
-17-2
-16-8
-7 -3
4-5-6
—40-9
-28-9
— 1-6
-2 1 -9
410-2
-4 5 -8
—21-6
460-0
48,826,913
-1 0 -4
+ 2 8 0 1,094,272,619
“+ Ì6 r2 424,927,173
+10-4
-
2-1
ÿ tf,ïô 9 ,’456
6,108,817
773.212
42'1
i
)2
THE
C H R O N IC L E .
[Von. U V,
will carry them further along in the year before matur
ing.
Money on call, representing bankers* balances, loaned
this
week at 3 and at 1 per cent, averaging 2£ per cen t;
See pages 1 2 8 ,1 2 9 , 130, 131 and 132 for our State
renewals
were made at 3 per cent. Banks and trust
and City Department to-day. Among other matters of interest
companies
maintain 3 to 4 per cent, chiefly for the
will be found the “ Fourth Article ” on Laws of Kansas
reason
that
loans by these institutions, though subject
Affecting Municipal Debt.
to
call,
usually
remain undisturbed for an indefinite
All advertisements with relation to State and City Bonds
period,
and
are
therefore practically short-time loans.
will likewise be found on the same and following pages.
On time the supply of money offering is large, but the
demand is light, for the reason already stated. Rates
THE F IN A N C IA L S ITU A TIO N
are 3 per cent for thirty days, 3-J per cent for sixty
We get a little light thi» week upon the foreign to ninety days, 4 per cent for four months and 4^ per
exchange problem. It may suprise the reader to know cent for five to six months on good Stock Exchange col
that it is a kind of light which seems to make the solu lateral. Commercial paper continues in good demand,
tion less, rather than more, obvious. All through as indeed it has for the past six weeks, and the inquiry
December the common formula among bankers, when comes from all quarters, including this city. The sup
attempting to account for the material advance in the ply is surprisingly small considering the season, and
rates, has been to attribute it in part to the engage although a great deal is placed, there is no accumula
ments maturing at and about the end of the year, but tion of first-class names. Lower grade paper does not
largely to a lack of commercial bills because of smaller meet with much favor, but there, is a good supply.
exports. This week the Bureau of Statistics has issued Quotations remain at 4£ per cent for sixty to ninetyits usual preliminary statement showing the exports in day endorsed bills receivable, 4£ to 5^ for four months
December of the leading articles of breadstufEs, pro commission house names, and 5 to 6 for good single
visions, cotton, &c., and we give the figures below names having from four to six months to run.
with previous years for comparison. These official data
The cable reports discounts of sixty to ninety day
disclose the remarkable result that instead of a fall bank bills in London 1£ per cent. The open market
ing off from the unprecedented totals of the previous rate at Paris is 2 f per cent, at Berlin it is 2 per cent
months there is actually an increase. Remember too and at Frankfort 2^ per cent. The discount rate of
what the trade situation was when the month of De the Bank of Germany was reduced on Monday to 3 pei;
cember started— that on the entire movement the mer cent from 4 per cent. The London market was de
chandise balance for November had reached the unpre pressed on Thursday on news of the death of the Duke
cedented total of $45,511,000, while for the months of of Clarence. It is reported that large parcels of the
September, October and November 1891 the favorable last Russian loan have been offered on the petite bourse
balance was $102,902,000. To such a trade situation in Paris, indicating that the Russian finance minister
add now the new fact which, as stated, has just been has been seeking to dispose of part of the residue of the
made public, that the December exports of leading loan through Paris agents. By cable it was stated on
articles aggregate $91,725,073, against $87,709,216 in Thursday that there was a rumor that Russia would
November (that is over 4 million dollars more than in remove the prohibition of the export of wheat early in
the month when our total trade balance reached 45 mil April, and yesterday the wheat market at Liverpool was
lion dollars) and $74,185,219 (that is over 17£ million 2d to 3d lower on these rumors. The Bank of England
more thau) in December 1890. We do not anticipate gained £286,000 bullion during the week. This, as we
that the merchandise balance on the whole trade for are advised by special cable to us, was due to*an import
December will make quite as favorable an exhibit as for principally from Portugal and Brazil of £125,000,
November, on account of increased imports; but even to the receipt of £484,000 from the interior of Great
if that be so it will be large enough for December, and Britain, and to the export to the Argentine Republic
judging from present appearances for January also, (£313,000) and to Russia (£10,000) of £323,000. The
to indicate that the course of the foreign exchange Bank of France gained £5,000 gold and the Bank of
market is wholly out of accord with the foreign trade Germany since the last report shows an increase of
movement, and cannot be accounted for by any surface about £470,000 of this metal.
reasons.
Foreign exchange was firm this week until Wednes
Money continues to flow copiously into our Clearing day, when by reason of a lighter demand the tone grew
House banks. Both Treasury transactions and the easier, and so closed yesterday with the reduction in
interior movement are addiDg to the supply. Last nominal rates noted below. There is a good mercantile
week, though the gain in surplus reserve was not large, demand for remittance, and also a good inquiry to pay
the average gain reported in actual reserve was over 4-£ for securities sold here, for European account. One
million dollars, and no doubt that result was made up banker tells us that the selling of securities was large
on rising averages. We notice, however, that though toward the end of last year, and that this movement
the surplus was returned at $18,961,125, five of the has continued in January, holders being disposed to
largest banks held $8,481,800, and if we add the re take their profits. The arbitrage operations proper
serves of two of the uptown institutions, whose business just about balanced each other the latter part of last
is chiefly commercial, we find in the seven banks month and also this month until this week when they
$11,433,400, which indicates that while the remainder were on the whole rather against us than otherwise.
are doubtless well supplied, the margin is comparatively Compared with the close last Friday there was an ad
small and quite manageable. About the only^feature vance by Brown Bros, on Monday to 4 84 for long, and
in the market for money this week has been a fairly by Baring, Magoun & Co. to 4 84 for long and
good inquiry on call from commission houses who are 4 86-J for sight. No change was made for the remainder
for the present indisposed to secure time contracts, pre of the week until Thursday when Baring, Magoun & Co.
ferring to wait until the engagements they can make reduced short to 4 86, and yesterday Brown Bros. & Co.
THE
STATE AW® OITY BEFAftTMEWT,
Ja n u a r y
16,
THE
C H R O N IC L E .
93
reduced long to 4 83£ and short to 4 85£. Rates at the
close stood at 4 83 to 4 84 for long and 4 85£ to 4 86
for short. Rates for actual business were 4 82f to 4 83
for sixty-day, 4 84f to 4 85 for sight, 4 85£ to 4 85£ for
cable transfers, 4 81£ to 4 82 for prime and 4 81£ to
4 81£ for documentary commercial bills. The La Bour
gogne came in on Monday with $172,800 gold to Lazard
Freres. The following is the statement of exports
of breadstuff's, cotton, etc., issued by the Bureau of
Statistics this week and which we have referred to
above.
Chesapeake & Ohio, particularly in the further develop
ment of the coal traffic. Under the arrangement
entered into the 6 per cent bonds of the Lexington &
Big Sandy will be replaced by Chesapeake & Ohio 4£
per cents, thus effecting a saving to that extent.
The New York State Board of Railroad Commission
ers have this week submitted their annual report to the
State Legislature, and among other things make interest
ing observations bearing on the construction of unneces
sary new mileage and the prohibition of pooling. They
renew their previous recommendations that the State
tfi X PORTS OF BRE A.D8TUFF8, PROVISIONS, COTTON AND PETROLEUM.
regulate the construction of new lines, so as to prevent
1891.
1890.
the unnecessary duplication of railroads, and repeat the
1889.
Export*
from Ü. 8. December. 12 Months. December. 12 Months. December.
12 Months. arguments in favor of such a course given in former
Quantities..
reports. The experience attending the building of the
Wheat, bush. 15,662,996 126,347,781 4,771,693 48,719,744 6,096,105 46,100,839
Flour...bbls.
1,526,961 12,610,022 1,053,892 10,975,735 1,222,603 10,110,233 West Shore has probably made paralleling schemes on
W heat, .bu. 22,534,820 183,092,879 9,514,207 98,068,206 11,597,818 91,596,887 a large scale unlikely for many years to come, and yet
C om ...bush.
5,674,507 29,913,692 1,594,588 85,934,180 6,421,352 80,987,177
the position taken by the Board is sound and correct.
Tot. bush . 28,208,827 213,006,571 11,108,795 184,002,386 18,019,170 172,584,064
If the State assumes to regulate the roads after they are
Values.
$
$
$
$
$
*
W h ’t & flour. 24,307,038 192,549,926 9,008,975 92,828,096 10,700,609 86.932,036 built, there is no reason why it should not assert its
Cora & m eal. 3,455.988 20,261,107 1,042,653 37,931,977 2,852,264 36,489,729
authority a little earlier in the process. The view of the
R ye...............
906,824 7,473,277
22,250 1,025,120
120,086
571,300
Oats & m eal. 1,211,815 2,329,807
24,640 4,605,791
367,596 1,303,479 Commission is that the building of a road should not
Barley..........
357,228 1,705,383
28,218
454,912
26,771
582.515
be permitted without a declaration upon the part
Br’dstuffs.. 30,241,893 224,319,500 10,126,736 136,845,896 14,067,326 125,879,059
Provisions *. 14,329,139 148,757,776 16,276,968 163,487,691 13,963,156 142,360,515 of the State that there is a public necessity for it.
Cotton.......... 43,276,201 275,598,378 43,824,684 253,319,775 41,938,701 265,647,462
P etrol’m.&c.j 3,877,840 45,351,975 3,956,831 51,657,802 4,493,776 52,792,473 As the Board well urges, the obligations of the State
_ Tot. value 91,725,073 694,027,629 74,185,219 605,310,664 74,462.959 586.679,50n to existing corporations should not be lost sight of,
* Including cattle and hogs.
and while compelling them to perform their duties it
The Chesapeake & Ohio, which during the last year should at the same time protect them from destructive
or two has developed into an important property, has competition by roads whose construction in no way
arranged, it appears, to absorb the Elizabethtown Lex serves to promote the public convenience. As regards
ington & Big Sandy and the Ohio & Big Sandy, and the prohibition of pooling by the Inter-State A ct,
proposes at the same time to make a readjustment of they state that while no general rate wars have occurred
its securities so as to furnish capital for present and during the twelve months, yet this prohibition renders
future requirements and eliminate the two classes of it very difficult to maintain stable rates as between
preferred stock, leaving the common as the only out competitive lines. The Commissioners also express the
standing issue of stock. The proposition is to give the opinion that such prohibition and the long-and-shortfirst preferred stock new 4^- per cent bonds for two- haul clause of the Act have stimulated the previously
thirds of its amount and common stock for the other existing tendency to consolidation and the absorption of
third, while the second preferred stock is to receive the the weaker lines by the stronger. It will be well for
bonds for one-third of its amount and common stock Congress, in its consideration of the matter, to give
for the other two-thirds. The proposition will probably due weight to what our New York Board have to say
be regarded favorably by the preferred shareholders, as on the subject, for they are certainly competent to
it will give them an interest-bearing security for at speak on it.
least part of their holdings, the preferred shares having
On another page we review at length the returns of
thus far received no dividends, though the first railroad gross earnings for the late calendar year. The
preferred shares may be assumed to have been near exhibit is found to be quite encouraging, and the state
the dividend point. The operation of course does not ment for December particularly proves to be very good.
increase the total capitalization, only replacing some We may say that for the first week of the new year the
of the
stock with bonds,
but does increase showing is also satisfactory, the aggregate of the 62 roads
the total of obligatory interest charges;
still tabulated in another place for that week indicating an
earnings have been growing in a very rapid increase over the corresponding week of 1891 of 7*59 per
way, and the prospects look very encouraging, so that cent. The Northern Pacific continues to fall be
the managers, who are careful, conservative men, hind, and some of the Southern roads also are not
evidently feel that the additional charge will not im doing as well as could be wished.
On the
pose a burden that cannot'easily be bornej moreover, whole, however, the comparisons are satisfactory
dividends on the first preferred shares, as said, were as said.
As regards net earnings the Union
already in sight. As to the acquisition of the ad Pacific is the only large road which has furnished a
ditional road, it may safely be accepted as a fact that statement this week. The figures cover the month of
the managers see a way of utilizing it to advantage. November and reflect large and noteworthy improve
The Ohio & Big Sandy runs south from Ashland, Ky., ment. Gross receipts, it appears, increased $273,781,
to Richardson, K y., and the Lexington & Big Sandy and at the same time there was a reduction of $371,443
runs west from Huntington, W. Va., to Lexington, in expenses, thus affording a gain in net of no less fhan
Ky. The Lexington road formed a link in the through $645,224. The Flint & Pere Marquette for the same
route to Cincinnati before the Chesapeake & Ohio built month reports net of $69,507, against $65,407, the Mil
its Ohio extension, and the opening of this extension waukee & Northern $76,434, against $46,014, and the
by depriving the road of the through traffic led to a New York Ontario & Western $55,634, against $49,111.
falling off in its earnings. The road, however, also For December the Nashville Chattanooga & St. Louis
forms part of a line to Louisville, and even from a local 1has net of $165,489 against $148,579, the earnings of the
standpoint can probably be made a useful feeder to the Western & Atlantic being included for 1891; the San
ipi
w
91
THE
[V ol . LIV.
C H R O N IC L E .
Francisco & North. Pacific has net of $10,985 against
-$7,739 ; the Jacksonville Tampa & Key West $33,810
against $28,213 ; and the Cape Fear & Yadkin Valley
412,403 against $18,114.
The course of prices on the Stock Exchange, though
.somewhat irregular, has on the whole been downwards
this week. There has evidently been considerable sell
ing to realize profits, and there has also been more or
less short selling. Under the pressure prices have
receded. Still the tone continues <^uite confident and
the decline is looked upon as a natural reaction. The
downward movement was accelerated early in the week
by reports that trouble would develop at the meeting of
the Western Traffic Association, which reports hardly
proved well founded. The Chesapeake & Ohio stocks
have been exceptions to the decline, being favorably
influenced by the arrangements referred to above.
Chicago & Northwestern has also manifested strength,
and closes higher than a week ago. Northern Pacific
securities have been weak on the continued decline in
.earnings.
The following statement, made up from returns
-collected by us, shows the week’s receipts and shipments
o f currency and gold by the New York banks
January 1, 1892. In circulation.
Gold coin and bunion $556,105,299
Silver doUars..............
333,143,759
*............
Silver bullion.............
Silver notes, act July
14 1890....................
76,126,057
Fractional silver.......
62,770,830
National bank notes..
108,427,433
Legal tenders............
342,202,351
In Treasury.
$130,740,631
28,399,981
1 1892.
Total in V. 8.
$686,845,930
411,543,740
1,201,045
13,789,325
4,651,152
4,478,665
77,327,102
76,566,155
173,078,585
346,681,016
Total..................... $¡7588,781,729
L ess silver dollars coined from b u l-;
lion purcb’d under Act July 14 ’ 90.
$183,260,799 $1,772,042,528
CIRCULATION IN THE UNITED STATES JANUARY
Total currency__$1,588,781,729
23,357,634
23,357,634
$159,908,165 $1,748,684,894
How strange it is that the quantum of currency
the country contains, the per capita allowance it
possesses, are matters about which a large body of our
people should be perpetually distressing themselves.
Experience teaches that no poor man either in the East,
West or South has secured any of the addition which
the Government has for year3 been making. We all
got our wages before these new supplies were afloat, and
we get only our wages now. About 4^- millions of new
notes were turned out every month in 1891 and about 4£
millions more a month will, we presume, be turned ©ut
in 1892. Who among the nation’s workers is any
richer or has any well-grounded hope of being any
richer because of this outflow ?
N et Interior
Received by Shipped by
Nor is this the experience of individuals alone; whole
Week Endino Jan. 15, 1892.
Movement.
N .Y . Banks. N. Y . Banks.
districts
of the country are being similarly taught. We
$1,382,000 Gain.$3,409,000
•Currency............................................... $4,791,000
906,000 all hear of these copious supplies of currency being put
394,000 Gain.
1,300,000
-Gold.....................................
T otal «old and lega l te n d e r s .... $6,091,000 $1,776,000 Gain.$4,315,000 afloat, but do those sections which need currency most
With the Sub-Treasury operations and gold imports get any ? It i 3 said, and it is no doubt true, that the de
posits in our New York City banks are larger now than
the result is as follows.
ever before; money has become a drug, and those hav
N
et
Change
in
Out o f
Into
Week Endino Jan. 15, 1892.
Bank Holdings.
Banks.
Banks.
ing it are absolutely eager t i find borrowers at almost
Gain.$4,315,000
B anks’ interior m ovem ent, as above $6,091,000 $1,776,000
any interest rate. At the same time our letters from
Gain. 2,900,000
;&ub Treas. oper. and gold im p orts.. 23,400,000 20,500,000
the South and largely from the West tell of a scarcity of
Gain
$7,215,000
T otal gold and lega l tenders — $29,491,000 $22,276,000
funds and of an entire lack of capital flowing into those
The following table indicates the amount of bullion active, busy neighborhoods— no demand for lots, no
in the principal European banks this week, and at the enterprise of any kind apparent. Indeed, the scarcity
^corresponding date last year.
______________ _______ has become so marked in so many quarters while here
such a plethora is in sight, one can hardly help ex
Batik of
Total.
Silver.
Gold.
claiming that to those who had, has been given until
Total.
Silver.
Gold.
£
£
£
£
£
£
the supply they hold is oppressively abundant, while
25,016,722
22,753,403 25,016,722
Kngland......... 22,753,403
from them that had not even that which they had has
94,575,010
49.623.000
44,952,000
103,588,995
49,973,131
‘F rance........... 53,613,864
88.507.000
Germany....... 34,291,500 11,480,500 45.722.000 25,871,333 12,835,667
been taken away.
5.456.000 16,659,000 22.115.000 5.410.000 16.553.000 21.933.000
A u st.-H u n ’y.
Furthermore the same lesson which we are being
3.212.000 6,538,000 9.750.000 8.270.000 5,444,000 8.714.000
Netherlands..
4.039.000
•Nat. B ’lgium . 2,790,667 1,395,333 4.186.000 2,712,667 1,356,333
taught now, that enterprise and prosperity are not the
'T ot.th is week 122,117,434 85,995,964 208,113,398 107,032,722 85,812,000 192,t>44,722
accompaniment of mere currency enlargement, is a
T ot. prev. w’k 121,534,184 85,726,250 207,260,484 103,095,193 85,689,667 191,781,860
very old principle acknowledged the world over and one
which all our financial history ha3 been illustrating.
The United States on the first of January 1892 had
OUR CURRENCY—ITS INCREASING
in active circulation $1,588,781,729 of currency ; the
VOLUME.
The first meeting of the Coinage Committee of the Government estimates the population on that day at
House of Representatives, which was held this week, 64,680,000 ; consequently the per capita currency in
was not an encouraging event. Our legislators showed circulation January 1 1892 was $24*56. On the first of
that they had learned nothing during the vacation, but January 1879 when we resumed specie payments, the cir
were under the influence of the same old spirit and the culation in the hands of the people was only $816,266,722
same old purpose still. Yet there is, we think, no need for and only $942,452,459 on Jan. 1 1880 ; the Census gave
taking trouble about the passage of a free-coinage meas the population in 1880 at 50,155,783 ; consequently the
ure— it may be agitated and disturb business, but the per capita circulation Jan. 1 1879 was not far from
success of such a bill cannot be anticipated ; the inci $16*27 and on Jan. 1 1880 was only $18*79. To most
dents of the meeting and the spirit disclosed are none |of our readers these figures are familiar, and yet they
the less trying however as indicating how very cannot be repeated too often, for the truth they un
slowly some public men develop. A more pressing fold is one which appears still to need repeating, that
matter is the growth in the volume of our cir the period of greatest prosperity this country ever en
culation under present laws, a growth which the joyed was not accompanied with a large per capita circu
statement made up the first of the year discloses. The lation. If any one needs to be reminded of the degree
total strikes one as large enough to satisfy any infla of prosperity at that time enjoyed, he has only to look
tionist or any devotee of paper.
ment prepared in Qur usual form.
H ere,as the state
* All the trade-dollar bullion has been converted into standard dol
lars. the coinage having been completed December 22 8 1,
Januaby
16, 18S2.]
THE
O H R O N IC T /R
at the little table of failures we published last week in pears to be bright, too, for further improvement in theour article on that subject. The proportion of failures future, if we may judge from President McLeod's
to the number in business was only 1 in eyery 158 in review of the situation.
1880, 1 in every 140 in 1881 and 1 in every 122 in
The Reading is an anthracite coal property, and as
1882. We have seen nothing of that kind since the all know has had many violent ups and downs in its
year last named; the per capita currency has been
eventful career. These fluctuations have generally been
growing every year and yet the best record that table directly connected with the condition of the anthracite
gives after 1882 is 1 failure in every 103 in 1887 and 1 coal trade, where periods of depression and prosperity
failure in every 102 in 1890.
have frequently and quickly succeeded each other. Thus
What more can our people need to demonstrate the it would happen that when the coal trade was very
unsoundness of our currency policy ? We find that prosperous the Reading would be able to make a strikpoor men are not getting richer, that needy districts
ingly good statement, while the very next year with the
are not getting more currency, that the period of coal trade in an unsatisfactory state the showing would
greatest prosperity the United States ever enjoyed was be very poor again. Should the present favorable ex
concurrent with the smallest volume of currency we hibit therefore be the result of one of these spasmodic
have ever had, and that industrial health (as measured changes, having its origin in the facts stated, it would,
by the death-rate in the list of failures) is deteriorating
of course be deprived of much of its significance, for
while this process of increasing the per capita circula
the outcome would in that event be qualified by the cir f
tion is being persistently pursued. But let us go
cumstance in question. A fair view however does not
one step further. Look at our country to-day. v There seem to warrant such an assumption in this instance__
never was a land more blessed in material things than certainly not without important limitations.
these States at the present moment. lYhat crops we
It is true that the amount of coal mined in 1891 by
have raised ! The mere marketing of the surplus has
the various companies reached a large aggregate__
lifted the whole carrying industry up from a state of
larger than ever before in the history of the anthracite
unusual depression into a state of unusual prosperity.
trade and it is also true that the Reading's tonnage
We are selling to the outside world all we have
was much in excess of the previous year. But with all
to spare at good prices, and just as rapidly as we can
that the year was nevertheless not a prosperous one in
hurry our products to the seaboard. Can any one
the ordinary acceptation of the term, for though the
suggest why under these stimulating circum
tonnage was large prices were far from satisfactory.
stances enterprise is paralyzed and our indus
Hence, while the Reading had the advantage of a heavy
tries stagnant ? Let Mr. Louis R. Ehrich of Colo
tonnage it did not have the further advantage of high
rado Springs (whose recent address we remarked prices for its coal, and as the company is a producer as
upon two weeks since) speak for the Western section. well as a shipper of coal, it is easy to see that the one
Referring to Colorado, he says : “ Development in this factor counts for as much as the other. Moreover, the
“ State is temporarily paralyzed. No money comes causes of the increase in its tonnage, we must believe, are
here for investment. Business is dull. Land attracts found in great measure outside of the general condition
“ no purchasers. We are being injured more every of the trade, being a natural result of the increased
“ month than a 33 per cent bounty on Colorado silver facilities provided, the improved position of the prop
“ would benefit us in a year. We are dragging the erty, physically and financially, and the policy of thename of Colorado in the dust. We are besmirching management in seeking to secure to the company a per
“ the reputation of the State.
Colorado is being manently larger share of the business. In other words,
branded in the East as the home of inflationists and it is a question whether the Reading's tonnage for the
“ silver lunatics.”
reasons given would not have gained anyway, even if
What is here said by Mr. Ehrich about the dulness the total amount of coal mined by the several producers
of trade and the stoppage in the flow of capital to that had not reached unprecedented figures.
rich State of Colorado is substantially true of every
It is important to bear this view of the matter in
other section. These great deposits in the New York mind in seeking to interpret the results revealed by
City banks simply reflect that fact. Capitalists will the report. A year ago, in fact six months ago, hardly
not let their money go out of their reach ; they refuse any one would have dared to predict results sufficiently
to put it in any form of investment not easily convert favorable to warrant dividends on both the first and
ible. So there it stands, the largest aggregate the second incomes, seeing that in the year preceding, as
banks ever held, a monument to its own timidity and a already stated, the accounts showed nothing earned for
satire on a currency policy that ‘keeps all this capital either class of bonds. In July last the first incomes
out of reproductive industry.
sold here at 48^- \now the price is 75. And the second
and third incomes have had an equally marked rise.
The surplus for the twelve months (out of which to
P H IL A D E L P H IA & READIN G REPORT.
make income interest) is reported at $1,864,961, or
No one interested in the Philadelphia & Reading just about the amount required for the dividends de
property has any reason to find fault with the results clared, so that the intention evidently has been to give
of operations for the late fiscal year as disclosed by the bondholders the full amount shown to have been
the annual report submitted this week. These results earned. The surplus is arrived at after allowing.for the
are gratifying in the extreme. The company has earned usual sinking funds for the divisional mortgages of the
a large surplus over and above its obligatory charges Coal & Iron Company, and after deducting $310,380
for interest, rentals, &c., whereas in the previous year for equipment dismantled. This is of course on the
there was no surplus at a ll; as a consequence the operations of both the Railroad Company and the Coal
holders of the first preference income bonds are to get & Iron Company. For the previous year the accounts,
the full 5 per cent for the twelve months to which if made up in the same way, show a deficit of $230,184,
they are entitled and even the second preference bond though there were some exceptional items of charges at
holders get as much as 4$ per cent. The prospect a p -1that time.
96
THE
C H R O N IC L E .
[VOL. LIV.
company is fairly entitled. The concessions made by
The difference in favor of the late year, it will be
the Board to preserve harmonious relations with other
seen, is over two million dollars. In net earnings the
companies “ continue to be out of proportion to the
improvement has actually been nearly 2£ million dol
“ capacity of the collieries, the amount of capital inlars— that is to say, while the combined companies in
“ vested in both productive and undeveloped coal lands,
the fiscal year 1890 earned only $8,114,104 net, in the
“ and the facilities possessed for the distribution of coal
fiscal year 1891 the amount of their net rose to
<e in the markets, as compared with those of the other
$10,417,145* Of the increase of $2,803,040, only
“ coal-carrying roads. Your Board has never questioned
$633,824 comes from the Coal & Iron Company, the
“ the policy of making due concessions to competitors,
remaining $1,669,216 coming from the operations of
“ who with yourselves are engaged in producing a
the Railroad Company. The Coal & Iron Company s
“ commodity far in excess of the demand of the
increase was made on a gain of $2,381,961 in gross re
“ markets, but the proportion of the business allotted
ceipts, demonstrating that there was a heavy addition
“ to this company in years past, when its financial
to expenses coincident with the increase in business.
“ straits and lack of facilities did not permit it to mine
In the case of the Railroad Company, however, we have
“ and distribute its fair proportion of the increase of
a gain of $944,659 in gross earnings attended by a de
“ tonnage, must not be taken as the measure of the
crease of $724,557 in expenses. This is so different from
“ business to which it is entitled in the conditions which
the course of things on other roads as to require an ex
“ now prevail since its reorganization and rehabilitaplanation, and President McLeod states that the ability
of the company to handle an increased traffic at a less “ tion.”
It is further pointed out that the completion of the
cost “ is due to economies resulting from the expendiline
to Port Reading on the Arthur Kill will give the
“ tures made for improvements and facilities especially
company increased facilities for the distribution of
“ pointed out in the last annual report, and furnishes
<< an early demonstration of the wisdom of the policy Coal in New York harbor; that the Coxe Brothers’ ton
e< outlined at that time.” We are also told that not nage will add a million tons a year to the company s
withstanding the saving in expenses, “ the property traffic; that a contract with another coal estate will
“ has been improved in all its branches, both in condi- add 300,000 to 400,000 tons; while at the same time
new, improved and enlarged facilities have been pro
tion and efficiency/’
Charges to capital account during the year for “ bet vided for the distribution of coal in New England and
te r m e n ts and additions of a more permanent nature” the West. In extent the Reading coal lands, the report
were $505,004, and $1,268,465 was spent for new cars remarks, comprise about 33 per cent of the entire
and locomotives, making the total charge to capital anthracite coal fields of Pennsylvania, but, allowing
account $1,773,469. In the previous year among the for the thickness of the veins, the company has fully
50 per cent of the deposits of coal unmined. The
charges of this nature there was one of $447,585 for
the Coal & Iron Company. A foot-note in the present operations of the mines at present, it is stated, are
report states that similar expenditures in the late year confined to an area of less than one-third of the
were charged to operating expenses and taken out of company’ s coal estates; “ the remaining two-thirds
“ 66,000 acres—will admit of an unlimited increase for
income, allowing for which fact the improvement in
“ an indefinite period.”
Altogether, Mr. McLeod
net results would be even more marked than indi
preseDts very strong arguments in favor of the Read
cated above. Mr. McLeod says the Reading is prac
ing’s claim for an increased allotment. As illustrating
tically free from floating debt, the bills payable^ of
the magnitude of the company’s operations, reference
$1,150,000 reported in the balance sheet representing
is made to the fact that there are 16,783 men on the
notes given to secure advances for constructing the line
pay-roll of the Railroad Company and 24,754 in the
to Port Reading and building other new roads. When
employ of the Coal Company, and this army of 41,537
these roads, he goes on, sell and realize upon their
men received in wages in the late year $18,237,263.
securities, so much of the proceeds as may be required
The gross receipts of the combined companies attained
will be used to take up the notes, thus canceling the
debt. He also announces that arrangements have been the large sum of $44,422,844.
completed to provide for the company’s future needs
for new equipment and additional property by the issue
RAILROAD GROSS EARN IN GS FOR
of $10,000,000 collateral trust bonds. The proceeds
DECEMBER AND THE YEAR 1891.
“ will be expended only for improvements and addiIn reviewing railroad gross earnings for the late
“ tions to the present mortgaged estates. All new
calendar year, a very'natural observation is that the
“ lines and extensions will either be of sufficient
outcome has proved a great deal better than was sup
tc importance to provide the necessary funds indepenposed likely at the beginning of the year. ^ The
tt Gently, or their promotion will not be undertaken by
country’s bountiful harvests afford an explanation o f
“ the company. Within six years, and before the
the good returns for the closing months, but even in
“ maturity of this loan, there will have been liberated
the earlier part of the year the results greatly exceeded
“ under the plan of reorganization an equal amount of
expectations. Still the crops worked a complete
general mortgage 4s applicable to these purposes
change in the aspect of things, so that the contrast
t< under the mortgage.” In this way the company will
between the outlook at the opening and that at the end
he given the capital it needs for the purposes men
tioned “ without unduly burdening the current income, of the year was marked and noteworthy.
The influences bearing on the year’s traffic and
and at the same time carry the business successfully
revenues are fresh in the minds of our readers,
xe through periods of depression, should any occur.
and hence we shall refer to them here only
In reference to the position of the management re
very briefly.
In the first place, the comparison
garding the company’s share of the coal traffic, it is
being with 1890 was with a year of extraordinarily
stated that while there has been a considerable im
favorable earnings, the array of strikingly large
crease in tonnage, the revenue from the anthracite
gains by leading companies for that year having
traffic has not yet reached the proportions to which the
THE
J a n u a r y 16 , 1892.1
C H R O N IC L E .
97
been simply unprecedented, the Pennsylvania lines In reference to the favorable nature of the comparison
East and West, for instance, haying gained nearly nine —the increase of $43,853,086 for 1891 following, as
million dollars, the Atchison and San Francisco
! already said, an increase of 70£ millions last year—it is
million dollars, etc., etc. Altogether our statement pre perhaps proper to state that the firm maintenance of
pared shortly after the close of the year showed a gain rates contributed in no small measure to the result.
o f over 70 million dollars. This improvement followed There were no very serious disturbances between the
directly as the result of the good crops raised in 1889 roads. In the West rates had in many instances been
and the great industrial activity occasioned thereby advanced towards the close of 1890, and as a rule they
during 1890. Not alone, however, was the circum were firmly held at these figures during 1891.
stance as to the comparison unfavorable to the late
Mileage.
Earnings.
year, but the conditions in 1891 were widely dif
Increase or
Year
Year
Year
Year
Decrease.
ferent. The 1890 crops had proved short, making
Given.
Preceding.
Given.
Preceding
a falling off in the grain traffic during at least
December.
Miles.
Miles.
$
$
46,772
(61 roads).......
45,685
19,883,941 19,331,811 In c. 652,130
the early part of 1891 inevitable over many roads. 1885
60,609
1886 (97roads) .. .
57,817
29,161,051 26,727,783 In c. 2,433,265
64,292
60,583
29,233,642 26,277,240 Inc. 2,956,402
Then there came industrial depression, ^the strike 1887 (114 roads)
62,675
1888 (103 roads) .. .
59,821
27,075,488 27,205,948 Dec. 130,460
in the Connellsville coke region, the prostration 1889 (143 roads)....... 79,947
78,315
35,133,434 31,993,330 Inc. 3,140,104
1890
(157
roads)......
91,503
89,076
42,343,054
39,560,054 m c . 2,783,000
of the iron industry, the falling off in ore ship
1891 (148 ro a d s).....
95,886
93,389
47,959,610 43,854,664 In c. 4,104,946
ments, the great decline in the price of cotton with Jan. I to Dec. 31.
242,181,545 242,634,482 Dec. 452,937
resulting depression at the South, and on the Pacific 1885 (61 roads).
1886 (93 roads).
344,352,956 314,288,444 Inc .30,064,512
Coast also there was a reaction from the previous era of 1887 (110 roads)
360,259,567 316,046,237 Inc .44,213,330
383,626,292 374,569,365 Inc .12,056,927
buoyancy, the lumber trade particularly being reported 1888 (103 roads).
1889 (136roads)..
455,554,351 419,799,570 Inc .35,754,781
in an unsatisfactory state. Of course the great crops with 1890 ,200roads)’*'
137,645 922,738,282 852,257,681 Inc .70,480,601
140,460
140,714
137,359 940,456,097 896,603,011 Inc .43,853,086
which the country was blessed later in the year proved 1891 (201 roads)*
* Comparisons fo r 1890 Include 47 roads which have reported fo r eleven
only in both years, and comparisons fo r 1891 in the same way include 53
a fortunate circumstance, and exerted an immediate months
roads fo r eleven months.
beneficial influence, but in many sections the condi
We referred above to the very heavy gains
tions remained unfavorable to the end.
made in 1890 by many separate roads. While for
It is this state of things that gives especial significance 1891 we have no gains of the magnitude of those
to the encouraging character of the exhibit for the year. for that year on the Pennsylvania and the
It is needless to say that the returns of some of Atchison, yet the list is a very extended one, and
the roads reflect the presence of the depressing factors embraces many increases of striking proportions.
mentioned. Taking the roads as a whole, how The New York Central heads the list with a gain of
ever, and judging solely from the final aggre over four million dollars ($4,059,181), the earnings of
gates, one not familiar with the facts might sup the Rome Watertown & Ogdensburg being included in
pose bhat the leading conditions had been favorable the comparison for both years. The Canadian Pacific
rather than the reverse, for there is in these aggregates comes next, with $3,176,966; then the St. Paul has
no evidence of the many adverse influences which dis $3,050,007 gain, the Atchison (with the San Francisco)
tinguished the year. We are able to present a very $2,340,213, the G-reat Northern $2,229,640, the Chesa
comprehensive statement, thus giving added value to peake & Ohio $1,099,476, the Louisville & Nashville
the results disclosed. We have returns for the full $1,091,773, and a whole host below a million in amount.
twelve months from 148 roads, operating 98,779 miles Among the roads which have reported only for the
of line at the end of 1891 against 96,311 miles at the eleven months, the Philadelphia & Reading, with the
end of 1890. These 148 roads earned $562,098,962 Coal & Iron Company, has $3,038,325 gain, the South
gross in 1891 against $528,943,718 in 1890, showing an ern Pacific $2,045,094, the Illinois Central $1,633,328,
increase of $33,155,244. These roads, however, are the Erie $1,220,006, and a good many others less than
simply those which furnish early returns. In addition, a million. The following is a full list of all gains above
we have returns for eleven months of the year from 53 $100,000 in amount for both periods, and also all losses
roads whose figures for the final month will not be given above that amount.
out till some weeks hence. These 53 roads earned $378,PRINCIPAL CHANGES IN GROSS EARNINGS FOR 12 M O N TH S.
357,135 on 41,935 miles in the eleven months of 1891
Increases.
.Y . C. a n d R .W .& O g ..$ 4 ,059,181 Louisv. N. Alb. & Chic. $217,599
against $367,659,293 on 41,048 miles in the eleven N
C an ad ia n P a c ific ........... 3, ,176,966 Chic. R. I. & Pacific__
212,770
Mil. & St. P a u l .. . 3 ,050,007 Col. Hock. Val. & Tol...
210,600
months of 1890. By combining the two sets of figures AC hic.
tc h is o n an d San F ra h . 2, ,340,213 Lake Erie & Western...
189,895
r e a t N o rth e rn ___ , ____ 2, ,229,640 Balt. & Ohio Southw...
177,785
we get an aggregate of $940,456,097, covering 140,714 G
C h esap ea k e & O h io....... 1, 093,476 Long Island....................
176,835
174,812
L o u is v ille & N a sh v ille . 1, 091,773 Ches.Ohio & Southwest.
miles, for 1891, against an aggregate of only $896,603,- ‘'N
ash. C hat. & S t.L ___
155,667
954,807 Milwaukee & Northern.
■011, covering 137,359 miles, for 1890. In other words, M e x ica n C e n tra l............ 948,367 Colorado Midland........ 155,060
W a b a s h .............................
889,707 Jack. Tam. & K. W.......
154,172
we find an improvement of no less than $43,853,086. L o u is v . N. O. & T e x a s .. 653,298 Chic. & West Michigan. 144,509
N o rth e rn P a c ific .............
139,165
634,585 Cin. Wab. & Michigan.
In ratio the increase is 4*89 per cent. Here is the state B uff. R o ch . & P itts ........ 602,174 Elgin Joliet & East...... 136,089
594,241 Ft. Worth & Rio G .......
L a k e S h ore & M ich . S o .
134,787
ment in tabular form :
N . Y . O n ta rio & W e s t ..
133,199
588,558 Sioux City & Northern.
Miles of Hoad
End of Period.
Gross Earnings.
1891.
1890.
1891.
1890.
1 4 8 roads full year.......
5 3 roads 1 1 m onths...
$
562,098,962
378,857,135
$
%
528,943,718 33,155,244
367,659,293 10,697,842
Increase.
98,779
41,935
96,311
41,048
■Grand tot. ( 2 0 1 rds).
940,456,097
896,603,011 43,853,086
140,714
137,359
It is unnecessary to direct attention to the magnitude
of these totals for they are so large as to speak for
themselves. We may point out, however, that the
figures have the additional merit of promptness, only
half a month having elapsed since the close of the year.
R io G ran d e W e s t e r n ...
B u rl. C ed ar R . & N orth.
N o rfo lk & W e s t e r n ...^ .
M inn. St P a u l & 8 . S.M.
M ioh. C. a n d Can. S o ....
M o. K a n . & T e x a s . . . . . .
C. C. C. & St. L . (2 rds.)
St. L o u is S o u th w e s t___
R ic h . & D a n v ille (8 rds)
M e x ica n N a tio n a l..........
C hic. P eoria & St. L ___
M o. P a c . a n d I r o n M t ..
C hic. St. P a u l & K . C . . .
St. P a u l & D u lu th ..........
T o l. St. L o u is & K . C . . .
C h ica g o & E . I l li n o is ...
M inn. & S t. L o u is ...........
Ool. S h a w .& H o c k ..........
F la . C ent. & P e n in su la r
L o u is v . E v a n s v . & St.L.
587.728
582,358
567,228
559,273
515,000
481,628
480,125
458,508
454,546
451,581
439,325
411,657
384,485
330,205
327,431
821,386
306,436
305.728
278,681
262,129
Wheeling & Lake Erie.
Evans. & Terre Haute.
Iowa Central.................
Sav. Amer. & Mont.......
124,614
119,929
114,032
102,350
Tot. (repres’t’ g 68 r ds.). $34,386,300
D ecreases,*
Grand Tru’k of Canada. $422,885
Denver & Rio Grande..
413,568
East Tenn. Va. & G a ...
398,864
Mil. Lake Shore & W ...
320,854
Memphis & Charleston.
226,918
Grand Rapids & In d ...
215,520
Mexican Railway.........
167,254
Cin. N.O. & T. P.(5 rds.)
136,593
K. C. Ft. Scott & Mem.
132,955
Texas & Pacific............
105,430
Tol. Ann Arbor & N. M.
103,092
Tot.(represent’ gl7rds,)$2,643,933
* In arriving at this inorease earnings of Western & Atlantic are in
cluded for the last six months of 1891, but not for 1890.
THE
98
PRINCIPAL CHANGES IN
GROSS
Increases.
Phil.& Bead, and C. & I.
Co................................ $3,038,325
So.Pac Co. (6 rds.)
2,045,094
HI. Central..................... 1,633,328
N. Y. L. E. & W ............. 1,220,006
Chic.St. P. M. & Omaha
958,414
Chic. & Northwest........
873,227
Penn, (east of P. andE.)
733,071
Central of New Jersey..
559,530
Monterey & Mex. Gulf.
425,562
Bal. & Ohio (2 rds.). . . . .
374,196
182,668
N. Y. & New Eng..........
Sum. Branch (2 rd s.)...
142,465
EARNINGS FOR
11 M O N TH S.
In creases.
Chic. B. & North...........
West Yir. Cent...............
[V ol. L1Y.
C H R O N IC L E .
„ _ ..
1*5,674
Tot. (rep. 22 rds.)---- $12,419,304
Union Pacific (9 rds.).. $986,397
Pennsylvania
( l i n e s ,0, AK. Q
west of Pittsburg). . . . *810,508
Chic. Bur. & Quincy... .
486.9 d7
Oregon Imp. Co.............
¿oo,r>ot
ent months as taken from our monthly statements.
Such a recapitulation is furnished in the subjoined
table. Up to June the comparisons grew less favora
ble, the increase for May being a mere trifle. From
that time, however, the improvement became more
and more pronounced each month, December making
Total (12 roads)........ $2,522,849
* The Western lines of the Pennsylvania are not
final tables, as the company has reported only the loss from last year
—not the earnings in either year.
Mileage.
Period.
ft
January (155 roads).
February (145 roads)
March (140ro a d s)...
April (150 roads)......
May (137 roads)........
J u n e (138 roads) . . . . .
July (146 roads)........
August (143 roads)..
Sept’ber (140 roads).
October (147 roads).
November (142r’ds).
December (148) r’d s.
Earnings.
1891.
1890.
1891.
1
Miles.
90,099
89,374
87,817
90,995
87,220
85,734
90,395
91,038
87,754
Miles.
87,292
86,569
85,151
88,632
84,525
83,215
87,430
88,551
85,337
97,508
94,544
93,389
$
36,773,531
33,484,366
34,644,504
38,742,249
36,774,414
35,647,157
41,674,357
43,025,879
45,204,504
58,058,545
49,487,624
47,959,610
Increase. P .O .
1890.
$
8
34,613,203 2,160,328
32,154,992 1,329,374
33,243,758 1,400,746
36,989,469 1,752,780
36,655,029 119,385
33,916,218 1,730,939
38,400,710 3,273,641
40,132,937 12,892,942
41,472,704 [3,731,800
53,492,548 [4,565,997
45,226,208 ¡4,261,416
43,854,664 14,104,910
6-24
4-1»
4-21
4-74
033
510
8'52
7-21
9-00
8 54
9-42
9'36
It will be observed that the losses are not very
numerous for either period.
They comprise for the
eleven months only the Western lines of the Penn
sylvania, with $810,558 decrease; the Union Pacific,
with $986,397 decrease; the Burlington & Quincy,
100,022
06,953
with $486,957 decrease, and the Oregon Improvement,
95,886
with $238,937 decrease. For the full year eleven systems
As already said, the improvement followed chiefly
have more than $100,000 decrease. The Grand Trunk of
Canada comes first, with $422,885; the Denver & from the large grain movement. At the seaboard the
Bio Grande second, with $413,568; then the East receipts of grain for the year, according to the New
Tennessee, with $398,864; the Milwaukee Lake York Produce Exchange, were 225,057,180 bushels
Shore & Western, with $320,854; the Memphis against 197,099,932 bushels, and the receipts of flour
& Charleston, with $226,918; the Grand ^Rapids ^& 16,624,773 bbls. against 14,242,282 bbls. This is an
Indiana, with $215,520; the Mexican Railway, with increase of 28 million bushels of grain and an increase
$167,254; the Cincinnati New Orleans & Texas Pacific of 2J million barrels of flour. Bat for the first six
system, with $136,593; the Kansas City Fort Scott & months the receipts were only 59,842,109 bushels,
Memphis, with $132,955; the Texas & Pacific, with against 124,816,911 bushels, so that a loss of 65 million
$105,430; and the Toledo Ann Arbor & North Michi bushels for the half-year was converted into a gain of
At 'the Western
gan, with $103,092. Taking all the losses, both above 28 million bushels for the year.
and below $100,000, there are 34 out of 148 roads primary markets the results were much the same. For
reporting for the full year, and 16 out of 53 among 52 weeks of 1891 the receipts foot up 456,421,798
those for the eleven months; in other words, out of bushels, as against only 401,427,570 for the 52 weeks of
201 for both periods, 50 have sustained a decrease. The 1890, giving an increase of 55 million bushels. But
roads having large decreases are mainly roads which for the period up to June 27 the receipts had been
have suffered most from the various depressing only 144,445,682 bushels as against 199,254,950
influences at work. Thus the loss on the Western bushels in the corresponding period of the year preced
lines of the Pennsylvania is due to the short crops of ing ; it follows that a loss of 55 millions was changed
1890; the loss on the Milwaukee Lake Shore & Western into a gain of 55 millions. Below we give our usual
to the falling off in the iron ore traffic; that on the detailed statement of the grain movement at the
East Tennessee presumably to the depression of the Western markets.
Southern iron industry, and that of the Denver & Rio r e c e i p t s o f f l o u r a n d g r a i n f o r f i v e w e e k s e n d e d J a n u a r y 2
AND SINCE JANUARY 1 .
Grande to the depressed state of the mining industry
B ye,
Oats,
Barley,
Corn,
Wheat,
Flour,
in Colorado, as well as to some special circumstances.
(b u s h .)
(bush.)
(bush.)
(bush.)
(busk.)
(bbls.)
As far as the large gains are concerned, they have Chicago— __
717,380
719,880 4,147,508 6,556,834 5,752,361 1,857,886
5 wks. D ec., 1891.
291,186
1,823,333 3,170,072 5,204,819 1,849,561
come, it will be observed, from all sections and from 5 wks. D ec.. 1890. 567,002 42,940,281
9,166,217
12,212,208
70,619,590
62,341,280
1,513,312
Y ea r ’91. 62 wks..
all classes of roads; however, the grain-carrying lines, Y ea r ’90, 52 wks.. 4,306,738 13,335,018 79,625,731 61,000,650 15,070,079 2,912,356
Milwaukee—
233,457
322,080
692.000 1,362,600
I,
896,151
both in the East and in the West, are especially conspicu 5 wks. D ec., 1891. 218,670
137,800
931,250
454.000
145,980
910,733
237,120
5 wks. D eo., 1890.
2,Q15.072
9,339,613
4,799,684
1,147,530
10,497,753
2,526,476
r ’91, 52 wks..
ous. These grain-carrying roads derived great advan YY ea
826,420 3,923,855 10,203,028 1,297,646
7,334,870
ea r ’90, 52 w ks.. 2,389,998
tage in the latter part of the year from the large grain 5 wBt.ks.Louis—
116,792
340,500'
131,147 2,464,876 5,491,245 1,079,035
D ec., 1891.
15,485
633,466
487,447 1,766,765 1,198,000
90,233
D ec., 1890.
orops and the freedom with which the grain, or more 5Y wks.
993,310
2,090,232
20,950,34111,987,920
24,749.876
1,342,625
ear ’91, 52 wks..
464,710
2,741,863
48,219,058,11,967,251
086,577
Y e a r ’90, 52 wks.. 1,225,730 II,
particularly wheat, was marketed. Thus it happens Toledo—
83,700
9,900
47,500
628,700 1,077,700
10,218
D ec., 1891.
* 0,370
that in a number of instances the bulk of the increase 55 ww ks.
10,800
15,139
515,666
92,796
5,560
ks. D ec., 1890.
1,921,331
302,302
642,482
3,708,539
18,841,621
57,194
r ’91, 52 wks..
148,500
77,383
302,350
was made in the last six months. In some cases the YY ea
99,890 5,313,867 16,400,459
ea r ’90, 52 wks..
Detroit—
112,299
240,294
326,220
character of the exhibits was completely changed by 5 w ks. D ec., 1891.
404,992
15,752
121.977
168,550
802,409
63,682
16,746
6 wks. D ec.. 1890,
824,377
7,348,561 1,192,991 2,140,690
the results of the later months, and in other cases the Y ea r ’91, 52 wks. 167,543 4,428,676
1,982,374 1,584,171
1,503,442
161,721
Year ’90,52 wks.
early loss was greatly reduced. The Chicago Burling Olevela/ndi—
1,303
67,634
271,780
113,714
128,297
41,156
5 w ks. Dec., 1891
62,188
448,635
229,513
282,442
54,734
ton & Quincy, which for the eleven months shows a 5 wks. D ec., 1890 518.942
*69,865
435,498
3,289,150
1,287,174
2,491,399
Y ea r ’91, 52 w ks.
loss of only $486,957 in gross receipts, at the end of Y ea r ’90,52 w ks. 397,537 2,422,289 1,333,923 3,183,951 669.978 25,460
Peoria—
37,400
232,000
170,500 2,365,000 1,282,000
19,800
D ec., 1891
the first six months had a loss of as much as $2,167,- 56 wks.
66,050
321,400
787,000
62,500 1, 000,200
13,950
wks. D ec., 1890.
239,800
14.488.000
1,099,900
.11,747,200
1,789,100
172,675
52 w ks..
438. The Union Pacific had $1,803,291 loss at the YY ee aa rr ’91,
308,100
963,460 12 , 111,101 16.352.000 1,418,850
122.942
’90, 52 w ks..
end of August, but for the eleven months reports only Duluth—
5,864,974
6 wks. D ec., 1891.
2,939
8,711
42,836 2,131,765
D ec., 1890.
$986,395 loss. The Missouri Pacific which at one time 5Y ewks.
327,818
173,5S3
a r ’91, 52 wks.. 1,558,1'01 40,353,214
5,556
' 98,941
1,388,812 1,165,690
Y e a r ’90, 52 w ks.. 2,137,601 16,151,922
had quite a loss, for the year has $411,657 gain. Of M inneapolle—
8,976,200
Dec., 1891.
the increase of $3,050,007 for the twelve months on the 55 wks.
7,189,920
wks. D ec., 1890.
55,951,893
Y ea r ’91, 52 w ks..
44,684,381
St. Paul, only $898,197 had been recorded up to the Y e a r ’80,53 wks..
first of September. The change in the character of Total o f all— 1,163,423 24,182,198 18,252,793 9,364,970 3.882.81Í 1,193,032
5 w ks. D ec., 1891.
507,491
7,134,5441 8,279,854 3,920,040
638,181 13,114,588
wks. D e c., 1890.
the exhibits during the last half of the year is also 5Y ea
110,731,901 93.978,974 26,804,130 14,465,095
r ’91, 52 wks.. 10,846,888 204,963,608 156I788/J46Ì102873 i 21131.823,493 5,162,32®
104.774.679
shown by a recapitulation of the results for tljie di$er- Y e a r ’go. 52 wks-, 10,1)03,15.5
January
16, 1892.J
THE
C H R O N IC L E .
The first point to attract attention in this statement
is the extraordinary receipts of wheat, these reaching
for the 52 weeks an aggregate 100 million bushels larger
than for the year preceding, the total at 205 million
bushels comparing with only 105 million bushels for
1890. While both the winter-wheat and the springwheat points participated in this gain, the latter on the
whole made the greatest additions. Thus Duluth
shows receipts of 40 million bushels against only 15
millions, Minneapolis 55 millions against 44 millions,
and Chicago (which receives both kinds of wheat) 43
millions against 13 millions. Among the winter-wheat
markets, St. Louis shows receipts of 24f million
bushels against 11 millions, Milwaukee 10J against 7-J
millions, Toledo 18f against 5£ millions, Detroit 7-J
against 4£ millions, and Peoria I f millions against 1
million, Cleveland recording only a trifling change. At
some of these points the loss in corn has proved a great
deal heavier than the gain in wheat. For the last five
weeks of the year the corn receipts amounted to over 16
million bushels against only 7 million bushels for the cor
responding period of 1890, but notwithstanding this in
crease and notwithstanding that the movement was
very free in some other months, stimulated by high
prices, the aggregate for the 52 weeks of 1891 reaches
only 110 million bushels as against 156 million bushels
in the 52 weeks of 1890. Chicago lost 9 million
bushels but St. Louis lost 22 million bushels (which is
“9 millions more than it gained in wheat) and Toledo
lost 12f million bushels. In the case of oats and barley
the changes are not so important, but the totals in both
instances were smaller than in the year preceding; in
rye, on the other hand, there was a large increase, the
receipts for 1891 having been over 14 million bushels as
.against only 5 million bushels in 1890; the exceptional
European demand brought out unexpected supplies.
These figures cover the fifty-two weeks ending Satur
day Jan. 2. For Chicago we are able to present a
comparison for the even year, and give the statement
below. It appears that the total receipts of grain at
that city, notwithstanding the falling off in the receipts
o f corn, oats and barley, were 20 million bushels heavier
than in the year preceding. The table also gives the
receipts of provisions and live hogs.
RECEIPTS AT CHICAGO DURING DECEMBER AND FOR THE Y E 4R .
December.
99
against 306,871 car-loads in 1890. With the exception
of the Chicago & Alton, which brought in 23,192 car
loads against 22,008; the St. Paul & Kansas City,
which brought in 13,071 car-loads against 11,465 ; the
Northwest, which brought in 52,693 car-loads against
48,582; the Illinois Central, which brought in 24,934
car-loads against 22,765; the Wisconsin Central,
which brought in 3,761 against 2,425 car-loads— with
these exceptions all the roads show a decrease. The
Atchison had deliveries of 18,909 car-loads against
24,184; the Burlington & Quincy 74,316 against
80,430 ; the Rock Island 28,193 against 30,233 ; the
Chicago & Eastern Illinois 4,857 against 5,248 ; the
St. Paul 37,919 against 40,509, and the Wabash 17,880
against 19,022 car-loads.
It was pointed out above that in the South the low
price of cotton and the unsatisfactory state of the iron
industry, with the reaction from [the “ boom ” in real
estate values, had proved depressing influences. On the
other hand the movement of cotton to market was very
much heavier than in 1890, and in a number of cases
served to overcome the effects of the influences men
tioned. The gross shipments overland for the twelve
months of 1891 were 1,798,439 bales against only 1,522,510 bales for the twelve months of 1890, while th6 re
ceipts at the ports reached 6,944,690 bales against
5,682,619 bales, so that altogether the increase was
about 1£ million bales. Only in three minor instances
did the receipts for 1891 fail to equal those for 1890, as
will appear from the following. It should be noted
that for December the gain in the receipts was com
paratively trifling, whilo the shipments overland in that
month actually recorded a loss of 46,411 bales.
RECEIPTS OF COTTON AT SOUTHERN PORTS IN DECEMBER, AND FROM
JANUARY 1 TO DECEMBER 31, 1891, 1890 AND 1889.
Porte.
Galveston..............bales.
El Paso, &c...................
New Orleans....................
Mobile...............................
Florida..............................
äavannah.........................
Brims wick, &c.............
Charleston.......................
Port Royal, &c.............
Wilmington.....................
Washington, &c...........
Norfolk.............................
W est Point, & c............
December.
Pall Pear.
1891.
1890.
1889.
181,091
4,502
448,896
47,493
0,874
154,582
32,108
72,081
477
28,784
559
96,186
e8,107
166,473
5,351
411,582
54,239
9,068
165,278
4 (.039
71,402
228
18,101
1,139
107,734
69,906
146,739 1,133,797 927,974 874,402
3,676
27,442
31,518
25,504
431,390 2,347,852 1,834,585 1,968,244
46,843
288,977 253,412 257,970
7,691
89,121
40,365
33,521
161,148 1,135,115 982,328 941,815
29,083
175,909 182,545 174,758
47,268
558,129 377,048 369,419
704
6,325
964
7,859
24,077
181,054 165,709 137,724
1,433
• 2,435
3,493
4,277
80,632
608,332 508,398 426,944
75,709
436,126 371,098 496,885
1891.
1890.
1889.
T otal........................... 1,139,740 1,124,530 1,056,418 0,944,690 5,682,619 5,722,316
Year.
A few of the Southern roads, more ^particularly the
East Tennessee, the Cincinnati New Orleans & Texas
Pacific and the Memphis & Charleston, have suffered
a reduction of their earnings, but most of the lines
T otal grain 17,828,286 11,749,870 14,551,349 197,494,260 177,149,588 163,325,432 show gains, and some of the larger systems very decided
F lo u r.. bhls.
673,991
548,970
490,530 4,515,397 4,390,729 4,310,451 gains, the Chesapeake & Ohio and the Louisville &
Pork....bbls.
1,519
3,918
4,105
13,970
76,769
38,141
C u tm ’ts.lbs. 21,204,215 21,562,692 36,772,063 206,788,851 301,820,296 277,029,781 Nashville being among this number, though the latter
Lard...... lbs. 13,200,199 17,580,387 14,293,046 74,089,018 146,873,994 100,101,882
now reports on a greatly increased mileage. The follow
t a r e hogs No 1,068,^2|
821,221
692,131 8,600,805 7,663,828 5,998,526
ing comparison for six years on eleven leading roads
The figures as to the provisions receipts are interesting, makes the total of those roads for 1891 $80,794,298
for they show that for the twelve months of 1891 thê against $77,370,202 for 1890.
movement was considerably smaller than for Ifhe twelve
EARNINGS OF SOUTHERN GROUP.
iponths of 1890. Of cut-meats and lard the receipts
Year.
1891.
1890.
1889.
1888.
1887.
1886
were only about 280 million pounds against 448 mil
$
«
$
$
$
*1 "
$
lions, and of pork the receipts were only 13,970 bbls, Chesapeake &Ohio 8,813,000 7,719,614 6,149,998 5,123,931 5,009,488 t4,696,048
Ches. Ohio & So.W. 2,336,496 2,161,685 2,134,195 2,005,168 2,001,723 1,713,326
against 76,769 lbs. Of live hogs, on the other hand, the Cin. N.O.& T ex. P.* 8,828,548 8,965,140 8,136,274 7,148,533 0,832,223 5,805,774
receipts were 8,600,805 head against only 7,663,828, E. Tenn.Va. & G a .. 7,092,518 7,491,382 0,413,751 5,615,967 5,329,409 4,283,212
Louisville & Nash. 20,352,996 19,161,223 18,011,298 16,043,190 10,042,176 13,978,546
being a gain of nearly a million. Taking the live-stock Louisv. N.O.& Tex. 3,889,923 3,230,625 3,027,472 2^20,817 2,243,212 1,803,785
& Char.. 1,022,473 1,849,391 1,729,164 1,583,547 1,740,550 1,444,638
movement as a whole the receipts for 1891 appear to Memphis
Mobile So O hio....... 3,495,777 8,441,847 3,054,144 2,606,283 2,579,044 2,251,339
have been not quite up to those of 1890. According to Norfolk A W e s tt.. 9,145,083 8,577,855 7,176,139 0,397,474 5,946,780 4,675,944
Rich. & Danv. syst. 13,658,306 13,201,820 11,903,558 10,131,256 9,592,839 8,548,287
a statement furnished by the Chicago correspondent of South Carolina.... 1,661,028 1,563,020 1,364,223 1,269,031 1,217,393 1,120,080
the Evening Post of this city, the deliveries by eleven
T otal................. 80,794.298 77.370.302 89.150.200 00.350.705 •'8.595.495 50,320,959
* Entire system.
t Includes Scioto Valley A New England and Sheoandoalt
leading roads ia 1891 were only 299,725 car-loads Valley
ior all the years, t Richmond So Alleghany partly estimated.
1891.
Wheat.bush.
■Corn. ..bush.
C a t s ., bush.
R y e ., .hush.
Barley.bush.
3,903,265
6,297,956
5,277,699
673,829
1,675,537
1890.
1,734,335
2,954,284
6,000,921
278,563
1,781,767
1889.
1,709,743
7,469,598
3,632,426
362,956
1,376,626
1891.
1890.
42,921,259
70,789,904
62,402,423
9,172,191
12,228,483
13,308,947
81,819,287
64,374,343
2,963,033
15,124,978
1889.
18,758,388
79,515,066
49,921,834
2,605,664
12,524,500
THE
100
C H R O N IC L E .
1891.
Tear.
Burl. Ced. R . & No.
Chic. Mil. & St.Paul
Chic. R . I. & P a c ..
Iow a Central..........
M il.L . S.& W est...
Milwaukee & N or..
Minn. & St. Louis..
St. Paul & Duluth.
St. P.M inn. & Man.
W isconsin Central
1890.
$
*
3,886,340 3,303,982
29,830,837 26,810,830
17,183,902 16,971,132
1,802,108 1,688,076
3,527,714 3,848,568
1,746,030 1,690,363
1,817,280 1,510,844
1,824,430 1,494,225
11,711,787 10,135,917
5,185,735 5,259,659
1889.
1888.
1887.
1886.
«
2,986,542
25,900,219
17,277,424
1,526,238
3,474,665
1,231,091
1,447,938
1,301,986
8,733,693
4,267,907
$
2,848,075
24,867,731
16,329,899
1,379,834
2,836,783
1,085,720
1,354,560
1,524,918
9,281,834
3,839,566
$
3,005,963
25,366,124
*18603420
1,352,526
3,180,681
976,137
1,472,499
1,694,340
8,736,304
3,723,108
$
2,933,309
24,718,403
*11871336
1,333,625
2,317,802
646,226
1,549,619
1.558,086
7,427,339
8,068,294
T ota l................ 78,546,163 72,613,600 68,147,703 65,348,920 63,111,102 56,412,039
* Not including the lines west o f Missouri River.
Among the Pacific roads, both the Canadian Pacific
and the Northern Pacific may be supposed to derive
benefits from the good crops in the spring-wheat sections,
but the Northern Pacific has also had to contend with
business depression at the Pacific end of its lines, lead
ing to a considerable falling off in earnings in late
months, and as a consequence the gain for the year is
only about $600,000. On the Canadian Pacific the gain
reaches over three million dollars. The Rio Grande
Western has greatly increased its business since its lines
were made standard gauge and the 1891 earnings record a
gain over those of 1890 of about 30 per cent.
E A R N IN G S OF P A C IF IC R O AD S.
1891.
Tear.
1890.
1889.
1888.
1887.
1886.
$
$
$
$
$
$
Canadian P a cific.. 20,209,282 17,032,816 15,964,448 14,064,702 *11606413 *10081804
Northern P acific... 25,037,336 24,402,751 21,741,891 13,060,104 13,854,320 12,329,552
R io Grande W est.. 2,573,825 1,986,097 1,491,635 1,366,622 1,181,325 1,057,093
Total................. 47.820,443 43,421,164 39,197.974 33,491,428 26,642,058 23,468,449
* New Brunswick not included.
In the Southwest, the Atchison of course has done
remarkably well and the Missouri Kansas & Texas and
the St. Louis & Southwestern also have good returns,
while the Missouri Pacific, as said further above,
gained enough in the latter part of the year to wip e
out the loss of the earlier months; but the Fort Scott
& Memphis roads, the Texas & Pacific and the Denver
& Rio Grande fall behind in their earnings.
EARNINGS OF SOUTHWESTERN GROUP.
Tear.
1891.
Atch.T.&S.F*
Den.& RioG rInt. & Gt. No.
K.C.Ft.S.&M.
Mo. Kan. & T .
Mo.Pac.&I.M.
St. L. S’thw’n.
St. L. & San F.
Texas & Pac.
$
35,159,811
8,462,21r,
4,080,706
4,800,312
+9,485,635
25,855,070
4,5eO,65J
6,958,381
7,222,280
1890.
1889.
1888.
1887.
1886.
$
$
$
$
$
33,241,998 28,136,456 26,467,356
8,875,785 8,016,603 u7,668,651 7,983,419 6,738,077
4,053,648 3,907,366 3,273,126 3,328,135 3,326,897
4,822,426 4,819,219 4,344,489 4,771,169 4,109,047
+9,001,007 7,820,182 6,320,953 7,366,723 7,451,644
25,4i3,413 23,493 467 22,189,453 23,519,999
4,102.143 3,876,285 3,050,123 2,670,532 1,823,195
6,606,272 6,052,950 5,773,251 6,229,345 4,874,628
*7,327,710 6,917,803 6,374,386 6,183,769 6,042,305
Total........... 106,585.063 103,477.402 93,070,331 85,462,391
* W hole Atchistm system except St, Louis & San Francisco. + Kansas City &
P acific included in these years.
The leading trunk lines to the seaboard derived
hardly less important gains from the heavy grain
TRUNK LINES.
Tear.
1891.
1890.
1889.
1888.
1887.
1886.
B. & O. S’w.
C.C.C.&St.L
G .T .o f Cant
Ch.&G-.T.t
L.Sh.&M.S.
M.
\ So.
N.Y.C.&H.T
Ohio & Miss.
W a b a sh ....
$
2,506,862
13,572,546
19,383,258
3,717,062
21,460,000
15,005,000
44,261,062
4,214,082
13,954,261
I
2,329,077
13,310,131
19,806,143
3,736,536
20,865,759
14,490,000
40,204,882
4,139,958
13,064,554
$
2,177,958
12,681,549
19,837,345
3,608,511
19,487,196
13,786,925
39,642,765
4,080,989
12,984,967
$
2,050,534
t i l , 135,455
18,612,024
3,205,875
18,029,627
13,770,523
88,641,688
3,868,984
12,362,830
$
2,238,004
t i l , 513,312
19,511,171
3,478,696
18,710,903
14,164,490
39,518,631
4.128,865
13,374,046
$
2,010,406
*10,451,314
17,153,225
3,041,408
15,859,456
12,295,826
35,529,690
3,827,831
12,870,484
Total........ 138,077,133
1o
©
1rH
E A R N IN G S OF N O RT H W ESTE RN L IN E S.
movement than the roads in the Northwest, the in
crease of over four million dollars on the New York
Central being confirmatory evidence of this.
Not
counting the Pennsylvania or the Erie, which have not
yet reported their December earnings, there is a gain of
over 6 million dollars on the leading lines, and this not
withstanding the loss by the Grand Trunk of Canada.
1
1 rH
From the very heavy movement of spring wheat in the
Northwest, as set out above, we should expect that the
roads in that section had made better exhibits than
any others, and this is precisely what we find. One or
two roads, like the Duluth South Shore & Atlantic
and the Milwaukee Lake Shore & Western, which have
suffered from the falling off in the iron ore traffic from
the Lake Superior mines, report losses in earnings, but
the rest have gains and very heavy gains as a rule. It
is not needful to single out any particular roads for
special mention, but the following table, comprising ten
leading roads, with aggregate earnings of 78£ million
dollars for 1891 against about 72£ millions for 1890,
will give an idea of the improvement that has occurred.
The Chicago & Northwest, the St. Paul & Omaha and
the Quincy can not be included in this statement, be
cause their earnings for December have not yet been
made public.
LTV,
[V ol.
128,288,205 121,677,540 126,637,678 112,539,591
t Fifty-two weeks, t For these years we have added together Clev. Col. Cin& Ind., Cin. Ind. St. Louis & Chic, and Cairo Vincennes & Chicago.
V Rom e
W atertown & Ogdensburg included fo r all the years.
As concerns other roads in the Middle and Middie Western States, there are losses in a few cases, as
for instance on the Flint & Pere Marquette, the Grand
Rapids & Indiana, and the Toledo Ann Arbor &
North Michigan; but on the whole these roads present quite favorable reports. Some of the bituminous
coal roads, like the Buffalo Rochester & Pittsburg,
have heavy gains.
M ID D LE A N D M ID D LE W ESTERN R O A D S.
Tear.
1891.
Buff. Roch. & P itt.
Chicago &East. 111.
Chic.& W est. Mich.
Col. Hock. V.& Tol.
Det. Lansing & N o.
Evansv.& Terre H.
Flint & P. Marq....
Grand Rap. & Ind.*
Lou.Evans.& St.L.
Louis. N. A. & Chic.
Pittsburg & W est.
St.L. A.&T.H.br’s ..
Tol. & Ohio C ent..
West. N. Y. & P a ..
Wheel. & L. E rie..
$
2,804,309
3,618,975
1,750,925
3,289,500
1,252,084
1,180,332
2,895,514
3,074,359
1,574,055
2,817,731
2,271,790
1,429,482
1,493,319
3,647,801
1,287,848
1890.
$
2,202,135
3,297.589
1,606,416
3,078,900
1,219,664
1,060,403
2,923,574
3,239,879’
1,311,926
2,630,132
2,234,740
1,336,910
1,499,264
3,588,802
1,163,234
1889.
$
1,948,691
2,679,583
1,374,832
2,514,655
l,131,98rt
935,174
2,370,133
2.942,456
1,151,599
2,521,706
2,179,555
1,110,'427
1,253,649
3,443,411
913,070
1888.
$
2,008,083
2,719,660
1,417,800
2,893,970
1,041,800
854,517
2,403,075
2,842,363
1,028,854
2,292.782
2,030,453
949,307
1,193,127
3,177,991!
876,262
1887.
1886.
$
2.168,867
2,513,298
1,414,023
2,624,023
1,147,160
860,335
2,572,937
2,953,957
1,023,989
2,295,623
2,041.863
962.480
1,085,186
2,816,285
744,708
$
1,445,612
+1,782,200
1,395,981
2,361,404
1,226,536
759,370
2,160,773
2,529,254
839,955
1,919,189
1,586,500
803,991
844,799
2,573,221
588,099
T otal................. 34,418,024 32,443.568 28,470,927 27,730,044 27,224,734 22,816,902
* All lines, f Chicago & W estern Indiana not included,
We have remarked above that the December state
ment of earnings is about the best of any month of the
year. The gain reaches $4,104,946, or 9*36 per cent.
The increase follows $2,783,000 gain in Decem
ber 1890 and $3,140,104 gain in December 1889. The
grain movement was very heavy, and the Northwestern
roads are able to make strikingly good exhibits of earn
ings. For instance, the St. Paul has a gain of $638,769
for the month, which is excelled only by the $662,567
gain on the New York Central. The Great Northern
system has $384,461 gain and the Canadian Pacific
$334,509 ; from that figure down the gains are very
numerous. Annexed is a full list of all above $30,000
in amount, and also all losses above that figure.
PRINCIPAL CHANGES IN G R O S S EARNINGS FOR D E C E M B E B .
T u p rpit ttpgi
Increases.
$44,278
N. Y. C. and R. W. & Og. $662,567 Ohio & Missis sippi........
Col.
Hock.
Valley
& Tol.
41,075
638,769
Chic. Mil. & St. Paul___
37,251
384,461 Chic. Peoria & St. L ___
Great Northern (3 rds.).
K.
C.
Ft.
-cott
&
Mem..
34,906
334,509
Canadian Pacific..........
33,961
293,339 Col. Shaw. & Hock.......
Atchison and San Fran.
33,248
223,005 Lake Erie & Western...
Wabash.........................
32,937
146,143 Balt. & Ohio Southwest
Mo. Pac. and Iron Mt...
31,819
144,781 N. Y. Ontario & West..
Louisville & Nashville.
31,222
Minn. St. Paul & S. ->.M 136,716 Pittsburg & Western...
129,834 West. N. Y. & Penn.......
30,535
Chicago R. I & Pac___
128,048
Chesapeake & Ohio.......
121,421 Tot.(represent’g39rds.) +4,461,444
C. C. C. &St. L. 2 rd s).
112,721
ecreasei.
Norfolk & Western.......
99,044 Northern Pacific........... $274,466
Grand Trunk of Can___
1X4,000
92,338 Denver <fc Rio Grande..
Chic. St Paul & K. C ...
98,294
87,487 East Tenn. Va. & Ga...
‘ Nash. Chat. & St. L---88,853 Mexican Railway........ « 80,309
B rl. Cedar R. & North.
55,950
71,035 Chic. & East Illinois___
Mexican C en tra l........
31,309
57,251 Texas & Pacific.............
St. Louis Southwestern.
56,083
Tol. St. Louis & K. G ...
$654,328
52.206
Total
6
roads..................
Buff. Roch. & Pitts.......
49,602
Chic. & Grand Trunk...
* In arriving at this increase earnings of Western & Atlantic are in
cluded for this|year but not for 1690.
January
THE
16. 1892.J
C H R O N IC L E
The roads with large losses are the Northern Pacific,
the Denver & Rio Grande, the East Tennessee, the
Mexican Railway, the Chicago & Eastern Illinois and
the Texas & Pacific. Forty-four roads altogether fall
behind in their earnings, a great many of these being
in the South.
GROSS EARNINGS AND MILEAGE IN DECEMBER.
Mileage.
Gross Earnings.
Name o f Road.
Atch. Top. & S. F e ...
R’ds j ’ntlyown’d,1^.
St. L. & San Fran...
R’d sj’tly own’n.'s.
Atlanta & Florida ...
Balt. & Ohio Southw.
Birm’ham & Atlantic
Buff. Roch. & Pitta...
Burl. Ced. Rap.& No.
Canadian P a ciiic....
C.Fear & Yad. Val..
Char. Cin. & Chic...
Chari. Sumter & No
Chesapeake & Ohio.
Chea. O. & So. West’n
Chic. & East. Illinois
Chic. Milw. &St. P.._
Chic. Peo. & St. Louis
Chic. R. Isl. & P a c..
Chic. St. P. & Kan. C
Chic. &West Mich...
Cin.Georg. & Porta..
Cin. Jack. & M ack...
Cin. N. Ori.& Tex. P.
Ala. Gt. Southern..
N.Orl. & Northeast
Ala. & Vicksburg..
Vicks.Shrev.&Pac..
Cin. Northwestern...
Cinn. Ports. & Vir...
Col. & Maysville...
Cin. Wab. & M ich....
Clev. Akron & Col__
Clev. Cin. Ch. & St. L.
Peoria & East. Div.
1891.
1890.
2,899,460
142,628
615,952
139.781
15,593
231,191
3,258
235,360
394,957
1,883.000
42,590
14,100
15,000
767,675
202.781
273,344
3,092,049
115,250
1,482,967
437,450
136,970
5,089
65,507
363,620
186,354
139,797
60,570
2,660,436
136,560
573,468
134,017
14,503
198,254
6,248
183,154
306,104
1,548,491
46,103
14,033
9,537
639,627
209.932
329,294
2,453,280
77,999
1,353,133
345,112
130,300
5,513
57,670
381,740
182,221
116,909
72,356
1.74C
20,767
985
61,852
74,586
1,275,088
169,791
29,83)
Colorado Midland__
183,821
Col. Hock. Val. & Tol
285.75?
Col.8hawnee& Hock.
71,937
Current River...........
9,12?
Deny. & Rio Grande..
640,50(
Des Moines & North.
12,13(
Des M. & N’ western..
25,795
Det. Lansing & Nor ..
99,27£
Dul. So. Shore & A tl..
137,732
Duluth & Winnipeg..
11,931
E. Tenn. Va. & Ga__
593,421
Elgin Joliet & E ast..
77,121Evans. & Indianap...
31,885
Evansv. & T. H aute..
101,386
Flint & Pere Marq___
249,254
Florida Cent. & Pen..
171,306
Fort Worth & Rio G..
33,591
Ga. South. & Florida.
71,858
Gr.Rapids & Indiana.
199,390
Cin. Rich. & Ft. W ..
39,181
Other lines..............
15,815
tGr. Trunk of Canada 1,864,192
tChic. & Gr. Trunk..
423,208
tDet. Gr. Hav. & Mil
110,260
Gt. No.—S. P. M. & M. 1,289,385
Eastern of Minn...
114,960
Montana Central..
112,433
Gulf & Chicago.........
4,865
Humeston & Shen ...
16.000
Hutchinson &8outh’n
6,721
Ind. Dec. & Quincy..
56,129
Internat’l & Gt. No..
429,023
Iowa Central.-............
183,290
Iron Railway.............
3,221
Jack. Tam. & K. W..
76,110
Kanawha & M ich___
27,927
Kan. C. Clin. & Spr__
23,956
Kan. C. Ft. S.& Mem..
446,430
Kan. C. Mem. & B ir..
117,313
Keokuk & Western..
34,015
Lake Erie All. & So...
6,668
Lake Erie & Western.
309,483
Lehigh & Hud. River.
30,222
Little Rock & Mem..
76,259
Long Island...............
4267,331
Louisv. Evans. & St.L
88,353
Louisv. & Nashville.. 1,796,620
Louis. N. Alb. <&Chic..
220,053
Lou. N. Orl. & Texas.
464,183
Louisv. St. L. & Tex.
58,600
Lynchb. & Durham..
14,073
Memph. & Char’ston.
162,915
Mexican Central.......
672,259
Mexican National___
363,176
tMexican Railway...
355,400
Milw. L. Shore & W ...
238,467
Milw. & Northern.. . .
144,928
Mineral Range........
13.300
Minn. & St. Louis__
149,83Minn. St.P.&S.SteM.
280,769
Mo. Kans. & Tex. sys.
899,551
Mo. Pac. & Iron Mt.. 2,508,844
Mobile & Ohio..........
331,512
Nash. Chatt. & St. L...
434,688
N.' Orleans & South’n
19,263
N.Y.Cen.&Hud. Riv. 3,717,629
Rome Wat. & Ogd.l
333,3ol
N. Y. & Northern.......
35,215
N .Y.O nt. & West. ...I
241,102
Norfolk A W estern... I 748,795
Northern Paciiic....... 2,006,813
Ohio & Mississippi...
374,303
Ohio R iv e r .............
59,200
Ohio Southern.......... I
61,058
$
1,954
19,49(
67?
50,80!
75,115
1,183.492
139,968
30,530
174,467
244,678
37,976
12,38£
754,50(
10.39J
19,380
95,384
121,327
7,074
691,715
49,717
26,710
89,828
2 46,263
143,124
26,320
76,290
179,692
38,598
15,658
1,765,148
373,606
105,530
974,945
40,887
116,485
4,886
17,233
3,000
52,526
424,156
155,002
3,258
71,889
25,953
41,279
411,524
119,317
33,752
6,143
276,235
32,603
73,476
263,2221
116,570
1,651,839
221,690
463,506
32,528
14,000
182,457
601,224
357,935
435,709
220,645
151,247
11,377
134,274
144,053
898,279
2,362,701
346,550
347,202
20,817
3,083,956
304,457
36,707
209,283
636,074
2,281,279
330,525
57,651
57,963
Increase or
1891. .1890.
Decrease.
+239,024
+6,068'
+42,484
+5,764
+1,090
+32,937
—2,990
+52,206
+88,853
+334,509
—3,513
+67
+5,463
+123,048
—7,151
—55,950
+638,769
+37,251
+ 129,334
+92,338
+6,670
—424
+7,837
—18,120
+4,133
+ 2 2,8 8 8
+8,214
6,536 6,527
587
582
1,323 1,329
536
526
105
105
281
281
22
304
1,083
5,731
336
175
139
970
398
436
5,721
316
3,408
854
489
42
344
336
295
196
143
170
22
304
1,046
5,568
336
175
79
931
398
436
5,659
316
3,354
863
489
42
344
336
295
196
143
170
8
106
19
165
194
1,632
351
105
350
325
155
82
1,499
42
115
323
589
81
1,295
164
153
159
627
574
90
285
419
86
62
3,487
335
189
3,024
72
192
62
—214
IOC
+1,277
10
+312
25C
+ 11,04£
19<
—520
+91,596 1.587
35)
+29,825
100
—708
350
+9,356
327
+41,075
150
+33,961
82
—3,261
1,637
—114,000
42
+1,736
115
+6,406
32?
4-3,895
589
+16,405
85
+4,857
—98,294 1,331
161
+27,406
15S
+5,175
161
+11,561
627
+2,991
628
+28,176
144
+7,271
285
—4,432
428
+19,698
86
+583
62
+157
3,490
+99,044
335
+49,602
189
+4,730
+314,440 3,078
72
+74,073
235
—4,052
62
—21
95
95
—1,233
82
82
+3,721
152
152
+3,603
825
825
+4,867
497
497
+28,288
20
20
—37
200
200
+ 4,221
142
142
+1,974
163
163
—17,323
671
671
+34,906
275
275
—2,504
148
148
+263
61
61
+525
722
722
+33,2481
90
90
—2,381
135
135
+2,783
361
361
+4,109!
373
373
—28,217
+ 144,781 2,866 2,248
537
—1,632
537
800
+682
800
121
121
+26,072
114
114
+73
330
—19,542
330
+71,035 1,803 1,527
+5,241 1,218 1,218
293
321
—80,309
699
741
+17,822
303
362
—6,319
17
17
+ 1,923
363
363
+15.564
805
805
+ 136,716
+1,272 1,677 1,775
+146,143 5,247 5,200
687
687
—15,038
652
810
+87,486
65
—1,554
65
+633,673, 1,467 1,465
629
+28,894;
629
61
—1,492
61
425
+31,819
423
+112.721' 1,105 1,047
—274,466; 4,332 4,118
623
+44.278
623
+1,549,
209
209
+3.095
140
140
101
Gross Earnings.
Name o f Road.
1891.
Peo. Dec. & Evansv.
Pitts. Marion & Ohio
Pitts. Shen. & L. Erie
Pittsb. & Western...
Quin. Omaha &K. C.
Riohmond&Danvifie
Virginia Mid. D iv ..
Char. Col.& A.Div.
Col.& Greenv.Div.
West. No. Car. Div.
Georgia Pac. Div..
Wash.Ohio & W.Div
Ashe. & Spar. Div.
Rio Grande South’n
Rio Grande Western
Sag. Tuscola & Huron
8t. L. Alt. & T. H. Brs.
St. Louis Southwes’n.
St. Paul & Duluth....
San Fran. & No. Pac..
Sav. Amer. & Mont..
Silver ton....................
Sioux City & North..
South Carolina..........
Staten Isl’d Rap. Tr..
Tennessee Midland..
Texas & Pacific.........
Tex. Sab.V.& North..
Tol. A. Arb. & N. Miolr
Tol. Col. & Cinn........
Tol. & Ohio Central..
Tol. Peo. <fc West.......
Tol. St. L. & K. City .
W abash.../................
West. N. Y. & Penn..
Wheel. & Lake Erie..
Wisconsin Central. ..
Wrightsv. & Tennille.
1890.
Mileage.
Increase or
Decrease.
$
$
$
72,237
70,90S
+1,320
3,396
3.446
—50
30,791
22,815
+7,970
183,673
157,451
+31,222
24,127
24,078
+49
515,700
523,50C
-7 ,8 0 0
161,600
184.20C
—19,600
82,900
89, IOC
—6,200
76,900
82,880
—5,980
79,600
80,740
—1,140
213,800
180,200
+33,600
12,720
11,490
+ 1,230
12,000
12,925
—925
39,171
. 16,789
+22,382
200,500
223,200
—22,700
8,648
7,623
+1.025
132,203
+ 12,915
119,288
523,881
466,630
+57,251
135.950
115,430
+20,520
58,398
57,714
+684
44,895
46,987
—2,092
8,090
13,341
—5,251
40.000
29,692
+ 10,308
124,57-0
149,762
—25,192
62,000
58,435
+3,565
22,800
—2,649
25,449
731,458
762,767
—31,309
5,008
5,314
—306
84,187
81,172
+3,015
29,124
25,645
+3,479
132.119
123,288
+3,831
97,650
79,073
+ 18,577
191,363
135,280
+56,033
348,196 1,125,191 +223,005,
308,600
278,065
+30,535
109,396|
95,272
+ 14,1241
454,286
430,006
+24.280i
6,289
—2,240
8,529
1891. 1890.
254
25
154
352
134
1,154
346
363
296
309
566
50
70
79
446
67
242
1,222
250
160
190
20
96
333
28
135
1,497
38
286
72
235
247
451
1,924
640
237
867
35
254
25
88
367
134
1,120
346
363
296
302
566
50
70
50
386
67
242
1,222
247
160
175
20
96
313
23
135
1,497
38
286
72
235
247
451
1.921
640
237
867
35
,959,61o' 43,854,664 f 4,104.946 95,8861 93,389
Total (148 roads).
1 For five weeks ending January 2,1892 and 1891.
GROSS EARNINGS FROM JANUARY 1 TO DECEMBER 31.
Name o f Road.
Atch. Top. & San. F e ...
Roadg-j’ntly own’d, *3 .
St.Louis & San Fran..
Roads‘ 1’ntly owiTtHa.
Atlanta & Florida..........
Balt. & Ohio Southwest.
Birmingham & Atlantic.
Buff. Roch. & Pittsburg.
Burl. Ced. Rap. & Nor..
Canadian Pacific............
Cane Fear & Yad. Val..
Charleston Cin. & Chic..
Char. Sumter <fc North’n
Chesapeake & Ohio___
Chesap.Ohio &Southw.
Chicago & East. Ill___
Chic. Milw. & St. Paul.
Chic. Peoria & St. Louis
Ch 0 . Rock Isl. & Pac..c
Chic. St. P. & Kan. City
Chic. & West Michigan
Cin. Georg. & Ports___
Cin. Jackson & Maok..
Cin. N.O. & Texas Pac.
Ala. Great Southern.
N.O. & Northeastern.
Alabama & Vicksburg
Vicksb. Shrev. & Pac.
Cinn. Northwestern .. .
Cinn. Ports. & Virginia
Columbus & Maysville
Cin. Wabash & Michigan
Cleve. Akron & Col___
Clev. Cin. Chic. & St. L.
Peoria & Eastern.......
Cleve. & Marietta........
Colorado Midland........
Col. Hock. Val. & Toledo
Col. Shawnee & Hock .
Current River................
Denv. & Rio Grande___
Des Moines & North’n..
Des Moines ¿Northwest
Det. Lansing & North’n.
Dul. So. Shore & A tl...
Duluth & Winnipeg.......
East Tenn. Va. & Ga ...
Elgin Joliet & East.......
Evansv. & Indianapolis.
Evansv. & Terre Haute.
Flint &Pere Marquette.
Florida Cent. & Benin..
Fort Worth & Rio G r...
Ga. Southern & F la ....
Gr. Rapids & Indiana...
Cin.Rich.& Ft.Wayne.
Other lines..................
1Gr, Trunk of Canada.
tChic. & Gr. Trunk__
tDet. Gr. H. & M ilw ...
Great Nor. 8 t.. P. M.& M.
Eastern of M ...............
Montana Central........
Gulf & Chicago...............
Humeston & Shenand’h.
Ind. Decatur & Quincy.,
Int. & Great Northern..
Iowa Central.................
Iron Railway..................
Jack. Tam. & Key West..
Kanawha & Michigan. .
Kan. City Clin. & Spr...
Kansas C. Ft. S.& Mem..
Kan. City Mem. & Bir..
Keokuk & Western.......
L. Erie Alliance & S o...
1891.
1890.
$
33,409,142
1,750,67C
6,938,381
1,714,882
119,53C
2,506,862
50,200
2,804,300
3,886,340
20,209,282
583,357
163,842
139,477
8,813,090
2,336,496
3,618,975
29,860,837
1,169,116
17,183,902
4,714,459
1,750,925
68,494
728,375
4,338,202
1,922,610
1,219,692
636,824
661,219
21,551
247,016
12.474
742,335
939,380
13,572,346
1,719,945
346,044
2,052,188
3,289,500
620.799
155,331
8,462,217
131,769
215,440
1,252.084
2,160,118
85,571
7,092,518
727,571,
350,292
1,180,332
2,395,314
1,191,118
329,485
753,308
2,400,990
450,853
222,516
19,383,258!
3,717,062
1,183,502!
11,711,787
1,179,127!
882,759
42,551
171,904
436,294
4,030,706|
1,802,108
34,590
763,944',
327,571
30(7,840
4,800,312
1,208,377
406,4371
75,153
$
31,562,411
1,679,591
6,606,272
1,644,592
130,78!
2,329,077
78,230
2,202,135
3,303,982
17,032,316
555.200
137,048
78,208
7.719,614
2,161,634
3,297,589
26,810,830
729,791
16,971,132
4,329,974
1,603,416
67.507
680,301
4,447,857
1,965,963
1,240,638
685.306
625,377
20,238
227,813
9,459
603,170
859,059
13,310,131
1,502,235
384,835
1,897,128
3,078,900
315,071
173,766
8,875,785
120,139
221,097
1,219,664
2,241,097
57,149
7,491,332
591,482
301,386
1,060.403
2,923,574
1,212,437
194,698
736,696
2,601,979
471,296
216,604
19,806,143
3,736,536
1,118,682
10,135,917
666,968
741,148
44,190
169,830
464,086
4,053,613
1,688,076
37,116
609,772
335,915
440,795
4,822,426
1,218,839
371,675
68,007
Increase. Decrease
$ '
1,846,731
71,070
352,100
70,291
177,785
602,174
582,358
3,176,966
28.148
26,794
61,271
1,093,476
174,812
321,386
3,050,007
439,325
212,770
334,485
144,509
987
48,074
1,518
35.842
1,313
19,203
3,015
139,165
80,321
262,415
217,710
11,209
155,080
210,600
305,728
............
11,630
32,420
28,422
136,089
43,906
119,929,
278,681
134,787
16,612
5.912
64,820
1,575,870
512,159
141,611
2,074
22,208
27,058
114,032
154,172
34,812
7,146
$
11,253
28,030
109,655
43,353
20,946
18,435
413,568
5,657
80,979
398.864
28,060
200,989
20,443
422,885
19,474
1,639
2,526
8,344
132,955
22,114
10,462
........ .
THE
102
Name o f Road.
.Lake Erie & W estern...
Lake Shore & Mich. S o..
Lehigh & Hudson River
Little Rock & Memphis.
Long Island........ ..........
Louisv. Evansv. & St. L.
Louisville & Nashville..
Louisv. N. Alb. & Chic..
Louisv. N. Orl. & Texas.
Louisville St. L. & Texas
Lynchburg & Durham..
Memphis & Charleston..
Mexican Central............
Mexican National..........
i Mexican Railway........
Mich. Cent. & Can. So...
Milw. Lake Sh. & West.
Milwaukee & Northern.
Mineral Range...............
Minneapolis & St. Louis
Minn. St. P. & S. Ste. M.
Missouri K. & Tex, sys..
Misso. Pac. & Iron Mfc..
Mobile &Ohio................
Nashv. Chat. .& St. Louis
N. Orleans & Southern..
N. Y. Cent.* Hud. R iv ..
Rome Water. & Ogd..
New York & Northern..
N.Y. Ontario & West’n ..
Norfolk ¿W estern ........
Northern Pacific............
Ohio & Mississippi........
Ohio River.....................
O hioSouthern...............
Peoria Dec. & Evansv..
Pittsb. Marion & Chic..
Pitts. Shen. & L. Erie...
Pittsburg & Western ...
Quincy Omaha & K. C..
Richmond & Danville..
Virginia Midland Div.
Char.Col. & Aug. D iv..
Col. & Greenv. D iv...
West. No. Caro. D iv ..
Georgia Pacific Div ..
Wash. Ohio & W.Div..
Ashev. & Spar. D iv ...
Rio Grande Western___
Sag. Tuscola & Huron..
St. L. Alt. & T.H. Br’chs
St. Louis Southwestern.
St. Paul & Duluth..........
San Fran. &No. Pacific.
Savan. Amer. & M ont..
Silverton........................
Sioux City & Northern.
South Carolina...............
Staten Island Rap. Tran
Tennessee Midland.......
Texas & Pacific.............
Tex. Sabine Val. & N.W.
Tol.Ann Arbor &N.Mich
Toledo Columb. & Cin..
Toledo & Ohio Central..
Toledo Peoria & West’n.
Tol. St. L. & Kan. City..
Wabash............................
Western N. Y. & Penn..
Wheeling & Lake E rie..
Wisconsin Central........
Wrightsville & Tennille.
1891.
1890.
$
3,264,334
21,460,000
407,789
719,830
4,116,858
1,574,055
20,252,996
2,847,731
3,889,923
481,525
166,132
1,622,473
7,374,062
4,206.547
3,939,707
15,005,000
3,527,714
1,746,030
147,402
1,817,280
2.572,644
9,485,635
25,855,070
3,495,777
4,739,441
173,415
40,278,090
3,985,972
509.515
3,050,060
9,145,083
25,037,336
4,214,082
707,564
589,135
876,134
44,502
337.358
2,271,790
262,626
6,017,700
2,243,815
967,248
846,419
1,042,648
2,057,870
163,160
162,302
2,573,825
106,637
1,429,482
4,560,651
1,824,430
874,421
502,979
125,468
44? ,290
1,661,028
1,033,707
211.671
7,222,280
48,184
1,024,117
340,100
1,493,319
982,624
1,922,690
13,954,261
3,647,801
1,287,848
5,185,735
84,898
O H K O N IO L E
Decrease.
Increase.
$
$
189,895
3,074,439
594,241
20,865,759
41,072
366,717
98.200
621.630
176,835
3,940,023
262,129
1,311,926
19,161,223 1,091,773
217.599
2,630.132
653,298
3.236,625
87,034
394,491
51,345
114,787
1,849,391
948,367
6,425,695
451,581
3,754,966
4.106,961
515,000
14,490,000
3,848,568
155,667
1,590,363
21,934
125,468
306,436
1.510,844
559,273
2,013,371
9,004,007
481,628
25,443,413
411,657
53,930
3,441,847
3,784,634
954,807
159,190
14,225
36,258,641 4,019,449
39,732
3,946,240
511,729
2,461,502
588,558
8,577,855
567,228
634,585
24,402,751
74,124
4,139,958
680,973
26,591
34,274
554,S61
792,454
83,680
6,866
37,636
261,741
75,617
2,234,740
37,050
7,999
254,627
5,775,000
242,700
2,274,980
960,845
6,403
869,580
70,723
971,925
1,885,775
172,095
148,817
14,343
11,894
150,408
1,986,097
587.728
102,587
4,050
1,336,910
92,572
4,102,143
458,503
1,494,225
330,205
799,390
75,031
400,629
102,350
105,674
19,794
312,091
133,199
1,563,619
97,409
1, 005,196
28,511
218,390
7,327,710
52,933
1, 127,209
312,060
28,040
1,499,264
937,224
45,400
1,595,259
327,431
13,064,554
889,707
3,588,802
58,999
1,163,234
124,614
5,259,659
91,069
226,918
167,254
320,854
2,214
31,165
23,161
6,719
105,430
4,749
103,092
5,945
73,924
6,071
C h ic a g o N a t io n a l B a n k s .— Mr. E. S. Lacey,
Comptroller of the Currency, has kindly furnished us this week
an abstract of the condition of the national banks in the city
o f Chicago at the close of business on Wednesday, December
2 1891.
From it and from previous reports we have prepared
the following, which covers the results for December 2 and
September 251891, and for purposes of comparison the figures
for last year (December 19) are given :
CH ICAGO.
Dec. 2.
1891.
N um ber...............................................
.
21
Resources—
Loans and discounts, includ’g overdrafts.s. $88,000,425
Stocks, bonds, & c..............................
Due from banks and bankers....................... 19,696,430
Banking house, furniture and fixtures.....
680,563
Other real estate..............................
236,480
G old coin and certificates..............
. 18,773,200
Silver coin and certificates.............. .......... .
1,197,969
Legal tender notes and cert’fs o f deposit .
7,861.891
Bills o f other banks.........................
.
932,587
Exchanges for Clearing House......
.
7,025,706
Current expenses and taxes paid..
222,562
Premiums on U. S. bonds..............
.
54,303
Other resources................ ................
Sept. 25.
1891.
21
Dec. 19
1890.
19
$87,647,362
6,020,741
18,171 619
680’154
222’709
18,467-645
1,674,967
11,024,540
1,153.643
5,153,819
133,223
56,315
395,852
$71,498,313
5,047,415
14,372,524
675,243
80,519
14,480,731
1,207,596
7,386,876
584,257
4,907,531
158,309
71,656
187,956
.$150,198,880 $150,802,589 $120,658,926
Liabilities—
Capital stock paid in......................................I __ ,___,___ $20,600,000 $16,100,000
Surplus and undivided profits...................... 12,501,958
12,090,824
10,352,864
Circulation outstanding...................
|
n " r'~
.
752,305
766,715
746,490
Dividends u n p aid ,,,........... ..........................
3,621
27,511
32,049
Individual deposits........................................ 05,332,199
05,332,499
65,952,027
53,002,479
Other deposits.................................................
296,738
279,214
767,168
Due to banks and bankers........ ................... 50,471,765
51,086,298
39,657,878
Other lia b ilities..............................
"
40,000
Total.
.$150,198,886 $150,802,589
<£0m roexxial % u q U s U U r n #
[From our own correspondent.]
S L o n d o n , Saturday, January 2, 1892.
t To January 2.
a For January, February and March figures are actual for both years,
but for rest of period estimated.
of
U lu n s ta r y *
L1Y.
$
Total (148 roads)___ 562,098,962 528,943,718 36,233,371 3,078,127
Net increase...................
33,155,244
C on d itio n
[V O L .
$120,658,926
The last week of the old year has witnessed a good deal o f
stringency in the money market. Gold amounting to £728,000 was withdrawn from the Bank of England for Russia,
Germany, Spain and Argentina during the week ended
Wednesday night. That of itself, however, would not have
had a very great effect,for it was known that both Germany and
Spain would take considerable amounts and that the demand
for both would cease as soon as the new year began. The
Argentine demand, too, has been foreseen for a considerable
time, and the Russian withdrawal was an exceptional measure.
The Russian Government had a few hundred thousand pounds
lodged with a small bank here and this sum it withdrew; but
it has not disturbed its balances at Messrs. Rothschild’s, and
so far as can be ascertained does not intend to do so. In round
figures the Russian Government has at present in London,
Paris, Berlin and Amsterdam about thirty millions sterling,
and it is clear that the sum is not too much to provide interest
on the debt held abroad, to pay for food, seed, and war and
railway material. On the contrary, it is believed that the
Russian Government is negotiating, both in France and Ger
many with a view to obtain further advances, and if it does
not succeed the general impression is that gold will have to be
remitted from St. Petersburg.
The real cause o f the pinch in the market this week was
the temporary requirements that always have to be met at
the end of the year. The India Council, which is usually a
large lender, had to call in considerable amounts to provide
for the interest and dividends due on New Year’s Day, Sev
eral banks and financial houses had to do the same thing in
preparation for the interest and dividend payments due on
Colonial and foreign securities which are payable in London;
and, lastly, the joint-stock banks, which make up their ac
counts on the last day of the old year, called in large sums
for the sake of making it appear that they hold larger re
serves than they habitually do. The result of all this was
that brokers in the discount market and in the stock markets
had to borrow from the Bank of England over two millions
sterling in the first three days of the week, and considerable
further amounts were borrowed on Thursday. The Bank
charged at first only 4 per cent, but on Wednesday and
Thursday it advanced its charge to 5 per cent. Of the some
what over two millions borrowed in the first three days o f
the week there still remained at the credit of the outside
market on Wednesday evening over a million and a half
sterling, showing that the accommodation ,was required to
replace loans called in, as above explained. The general e x
planation now is that money will gradually become plenti
ful and easy, and that in a couple of weeks there will be a
reduction in the Bank rate.
The silver market remains very quiet. For about a fort
night now there has been no change in the quotation, it hav
ing stood since the 18th December at 48%d. per ounce.
The new year opens with brighter prospects, both as regards
trade and the stock markets, than could be discerned for fully
two years. As regards trade, it is no doubt true that the fam
ine in Russia, the bad harvests throughout Western Europe,
the financial difficulties of Italy, Spain and Portugal, the bank
ing crisis in Australia, and the general breakdown in South
America, will reduce very considerably the purchasing power
of all those countries, and that therefore there will be a con
tinned falling off in our exports to them. On the other hand
there is a very strong hope here that the great prosperity o
the United States will lead to better business between the two
countries than has been seen for years. There are hopes, too,
that India will be a larger purchaser of our goods, and there
appear to be grounds for thinking that there will be a re
covery in South Africa. At the same time the crisis here is
completely o v e r; confidence has revived, and with better
credit there is sure to be a revival of new enterprise. As yet,
at all events, the bad harvest has not caused a very great rise
in the price of food. The spending power of the great mass
of our population, therefore, has not much fallen off, and as a
consequence the home trade is fairly prosperous. W ith a re
vival of confidence, the prospect of a fairly easy money mar
ket, and better business with some of our greatest foreign cus
tomers, the impression is general that the new year will, at
the very least, be a fairly good one.
J a n u a r y 16, 1892,]
THE
C H R O N IC L E .
Business on the Stock Exchange has very naturally been
checked during the week by the stringency in the money
market. At the Stock Exchange settlement, which began on
Monday morning and ended on Wednesday evening, the evi
dence seemed to show that no great increase had taken place
during the preceding fortnight in the speculative account open
for the rise. Yet some operators in the American market were
charged as much as 6 ^ per cent for carrying over their ac
counts. True, the charge was not made until late in the day,
but it shows how difficult it sometimes was to get accommo
dation. Late on Thursday the market eased somewhat, but
there was little inclination then to engage in new risks,¡as yester
day the Stock Exchange was closed. The expectation, how
ever, is that we shall very soon now see a marked increase in
business in the American market. Even the most sceptical
acknowledge that there must be a considerable rise.
They are impressed by the strength of the market
in
New
York
during the
past fortnight.
The
sceptics, however,
are few ; the
general impres
sion is that the prosperity of the United States is so
great and is so likely to increase for months to come that there
must be a very active market. It is indeed the confidence
felt in the American market which is inspiring the hope that
the new year will be better than its two immediate pred
ecessors. If, people argue, a good deal of money is made in
the American market courage will revive and people will
attempt to put up prices in other departments, while they will
have the means of engaging in new enterprises. In a word,
the belief here is that almost everything in which the London
market is largely interested will improve during the new year.
On the other hand there is an equally general impression
that there must be a decline in international securities. The
new Spanish loan for 10 millions sterling nominal was
brought out on Monday at the issue price of 81. The sub
scriptions were received in Treasury bills to the extent of
somewhat over half the total amount. The public subscrip
tions were very small, but the loan was taken firm by a syndi
cate of bankers, including som9 of the greatest firms in Eu
rope. As the actual cash payment will amount to only
between three and four millions sterling there will be no
difficulty, so far as the syndicate is concerned, in paying up
the money. The Bank of Spain has already provided itself
with the gold it requires, and for some time to come it will
therefore be in a much safer position than it has
been for a long period.
Yet during the week there
has been a fall in Spanish 4 per cents from about
673^ to about 64.
Up to the very end doubts continued
as to whether the January coupon upon the Portuguese
debt would be paid, and Portuguese bonds also have sharply
fallen to 32. There has likewise been a decline of from % to
other international securities, especially Italian and Rus
sian, and that there must be a further decline few people
doubt. The market for these securities practically is now
confined to Paris, and how long Paris will be able to keep up
quotations is the question.
Considering everything, the revenue returns for the quarter
and the nine months ended on Thursday night are very satis
factory. For the quarter the total receipts amounted to £23,759,461, a net increase of £319,975. For the nine months the
total receipts were £85,783,921, a net decrease of £536,731. It
will be seen that the last three months were decidedly more
productive than the preceding six months. It is especially
satisfactory regarding the past three months that there was
an increase of, in round figures, £300,000 in Customs and Ex
cise, showing that the spending power of the people generally
is well maintained. The chief falling off was in stamps, as
was to be expected from the total cessation for so much of the
year of speculative business. During the three months there
was a decrease in stamps of £180,000, and during the nine
months the falling off amounts to £575,000.
Messrs. Pixley & Abell write as follows :
Gold—Even higher prices have been paid for gold during the past
week, and withdrawals from the Bank amounting to £815,000 have
taken place for Russia and South America; £132,000 has been re
ceived. Arrivals—Central America, £82,000; Natal, £89.000; Chili,
£2,000; West Indies, £28,000; total, £201,000. The total of gold re
ceived from South Africa in 1891 is £2,470,000, against £1,759,000 in
1890 and £1,335,000 in 1889.
Silver—There has been no change in the prioe of silver since the 17th
inst., and considerable dealings have taken place, chiefly for the Con
tinent, at 43%d. To-day. however, there have been no dealings, and
the price is quite nominal. Arrivals—New York, £ 11,000; Chili, £28, 000; West Indies, £22,000; total, £61,000; shipments to Hiogo, 24th
inst., £50,000.
Mexican Dollars—These coin remain at melting parity, and few par
cels have come to hand; £27,000 has arrived from the West Indies.
103
The rates for money have been as follow s:
Open
«
N ov.
D ec.
“
“
“
Jan.
27
4
11
18
23
1
Interest allowed
for deposits by
Market Rates.
Bank Bills.
Trade Bills.
Disc’t H ’se
Joint
Three Four
Six
Three Four
Six
Stock At 7 to 14
Months Months IMonths Months Months Months Banks. Call. Days.
—¡314®
4
4 2)4® - 2 K @
3há 2)4® - 2)4®
3 * 1)É@ - 2 @
33*'2362
-
—¡3)4®
- 2)4®
- \m &
- 2)4®
- 2)4®
-\ m ® -'2>i®
- 3)4®4
- 3
- 2)4®8
- 2)4@3
- 2?4®3)4
- 3 @ 3)4
3)4@4
3 @8)4
2£4@3
2)4@3
2)4 @3)4
3 @ 3)4
8)4®4
3 @3k
3 @3)4
2)4@3
254@3)4
3 @3
2)4 234-2H
2 234-2)4
2 2M~2)4
1)4 134-134
1)4 134-134
1)4 134-134
2)4
2)4
2
2
2
2
The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three week®
have been as follows:
Rates of
Interest at
Paris...............
Berlin............ .
Hamburg........
Frankfort......
Amsterdam....
Brussels .......
Vienna............
St. Petersburg
Madrid.........
Copenhagen....
Jan. 1.
Dec. 23.
Dec. 11.
Dec. 18.
Bank Open Bank Open Bank Open Bank Open
Rate. Market Rate. Market Rate. Market Rate. Market
3
4
4
4
3
3
5
5)4
4
5
3
4
4
4
3
3
5
5)4
4
5
234
2)4
234
3
234
234
434
6)4
4
5
234
3)4
334
834
2)4
234
6
6)4
4
5
3
4
4
4
3
3
5
5)4
4
5
3
4
4
4
3
3
5
5)4
4
5
234
3)4
3)4
3)4
2)4
234
4)4
6)4
4
5
2H
2)4
2)4
3
2)4
234
4)4
6)4
4
5
The following return shows the position o f the Bank cf
England, the Bank rate of discount, the price o f consols, <fec $
compared with the last three years :
C irculation...................................
Public deposits..............................
Other d e p o sits .............................
Government securities...............
Other securities............................
R e se rv e ........................................
Coin and bullion...........................
Prop, assets to liabilities.per ct.
Bank rate.......................... per ct.
Consols 234 per cen t....................
Clearing-House re tu rn s...........
1891.
1890.
Dee. 30.
Dec. 31.
£
25,652,430 25,114,170
5,397,102
6,824,359
30,646,813 32,990,230
10,161,963
9,806,433
30,680,831 33,178,856
13,093,973 14,801,634
22,295,403 23,465,834
87
36)4
5
6
8)4
95)4
95)4
125,623,000
131,894,000
18S9.
1890.
Jan. 2.
Jan. 1.
£
24,673,490 24,479,360
6,376,657
6,101,832
28,004,777 20,538,46°
14,863,101 14,460,888
27,810,287 29,301,102
9,308,884 11,086,811
17,782,374 19,366,171
27 3-16
29)4
(Dec. 30, ’89)
5
97
98)4
180,982,000 183,453,000
The following shows the imports of cereal produce into the
United Kingdom during the first seventeen weeks of the season
compared with previous seasons:
IMPORTS.
Wheat................. ewt.
Barley........................
Oats.............................
Peas............................
Beans.........................
Indian c o r n ............
Flour..........................
1891-92.
1890-91.
1889-90.
1888-89.
28,235,749 21,668,184 20,172,864 23,106,613
9,672,483
9,166,483
7,282,25 1 8,279,231
4,878,816
4,579,367
4,986,129 6,118,174
1,091,160
595,606
515,235
712,199
1,434,419
950,937
1,282,460
956,848
6,227,400
9,347,555 10,038,388 7,697,551
5,557,939
4,787,199
5,693,014 5,423,919
Supplies available for consumption (exclusive of stocks on
September 1):
1891-92.
1890-91.
1889-90.
1888-89.
Imports of wheat, cwt. 29,235,249 21,668,184 20,172,864 23.106,613
Imports of flour........ 5,557,939
4,767,199
5,698,014
5,423,919
Sales of home-grown.11,785,711 14,228,924 18,453,775 12,917,091
Total......................45,578,899 40,684,307 44,324,653 41,447,623
1891-92. 1890-91.
1889-90.
1888-89.
Aver, price wheat week.36s. 6d.
32s. 3d.
29s. lOd.
30s. 7d.
Average price, season..37s. Id.
32s. 2d.
29s. l i d .
32s. 7d.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom :
This week.
Wheat................ qrs. 2,067,500
Flour, equal to qrs. 388,000
Maize.,.................. qrs. 228,000
Lastweek.
2,157,500
443,000
229,000
1891.
1,652,009
360,000
396,000
1890.
1,697,500
207,000
345,500
EuiiU sh F in a n c ia l M a rk ets—P er Cable.
The daily closing quotations for securities, «fee., at London
are reported by cable as follows for the week ending Jan. 15:
London.
Silver, per o z ................ d
Consols,new, 2 % per cts.
do for account........
Fr’chrentes (inParis)fr.
U. 8. 4s of 1907.............
Canadian Pacific,..........
Chic. Mil. & St. P a u l....
Illinois Central...............
Lake Shore.....................
Louisville & Nashville..
Mexican Central 4s.......
N. Y . Central & Hudson.
N. Y . Lake Erie & West’n
do
2d cons...........
Norfolk & Western, pref.
Northern Pacific pref...
Pennsylvania..................
Philadelphia & Reading.
Union Pacific..................
Wabash pref..................
Sat.
Mon.
Tues.
42%
43ia
43
959i6 9 5 9i 6 95%
9 5 ii16 9 5 ll16 95%
95-35 95-37*5 95-35
121
121
121
97
95%
96
84%
84%
84*4
112*4
112*a 112
125%
125*a 126
84
83%
85
74
737s
74ia
120*4 120*4 120*4
3378
33*a
3414
110% 110*3 110*3
54%
55%
55*a
72%
73%
7178
53
H21
21*3
493s
50%
40*8
32%
32*3
32*3
Wed.
Thurs.
42%
42%
95%
» » « is
95*316 95%
95-22*3 95-15
121
121
96%
9678
83*a
84%
111% 112
125*3
12534
84% X S l*4
73%
73 %
120*3 x l l 9
33*4
3378
110*3 110%
54%
55%
70
71%
58%'. 58
21
21%
50*4
51
32*a
32%
Fri.
42%
95%
95*"ie
95-25
121
96%
83%
111%
125*3
81%
73*4
118%
33*4
110%
54%
69*3
57%
21
49*2
32
THE
104
C H R O N IC L E .
LlY,
j V OL.
The movement of breadstuffs to market is indicated in the
C o m m e r c i a l a n t i 3 % f c t g c e lla w e o u g 3 | cm >b statement
below, prepared by us from the figures of the New
York Produce Exchange.
We first give the receipts at
N a t i o n a l B a n k s .— T h e f o l l o w i n g n a t i o n a l b a n k s h a v e
Western lake and river ports, arranged so as to present the
r e c e n tly b e e n o r g a n iz e d :
comparative movement for the week ending Jan. 9, 1892
4.675— The First National Bank o f E llw ood, Indiana. Capital, $50,000. an«* since August 1. for each of the last three years:
John R. Page, President; Jas. M. Barton, Cashier.
4.676— The Citizens’ National Bank o f N ew Castle, Pa. Capital, $200,Wheat.
Corn.
’Uceipts a tBarley
Flaw.
Oats
Rye.
000. Thos. W. Phillips, P resid en t; D avid Jameson, Cashier.
4.677— The Citizens’ National Bank o f Charles City, Iowa. Capital,
BhZ*.19ßIb Rush, co ih B>uh.S<i lb Bush.32 lbs BushAH lh Bu. 56 i t
$50,000. H. C. B aldw in, President; F. B. Miner, Cashier.
477,862
963,635
910,361
230,598
51,864
Ohicago.......
imports of last
week, compared with those of the preceding week, show a
decrease in both dry goods and general merchandise. The
total imports were $9,678,982, against $13,491,981 the preced
ing week and $8,198,616 two weeks previous. The exports for
the week ended Jan. 12 amounted to $9,984,760, against
$8,724,306 last week and $8,645,422 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Jan. 7 and for the week ending (for general
merchandise) Jan. 8; also totals since the beginning of the
first week in January.
Im p o r t s
and
Exports
for the
W
e e k . — The
FOREIGN IMPORTS AT NEW YORK.
For Week.
1890.
1889.
1892
7 891.
Milwaukee.
Duluth........
Minneapolis
Toledo........
Detroit.. .
Cleveland....
3t. Louis.. ■
aorta........
Tot.wk. S2
istne wk.’01
lame wk.’90
Since Aug.
1891-98......
189C-91......
1889-90....
161,881
53,805
264.283
611,227
1.290,880
90,300
91,339
19,600
460,871
860
2,902
7.778
21.219
8.450
251,390
236,183
199,306
12,760
150,000
139,325
21,388
3.500
47.365
48,000
222,920
238,00
3,500
30.786
11,900
20,000
228,100
30,090
12,600
1,463,290
508,83<
92,400
63,000
8,800
4,950
3.326,412
1,652,663
1,504,815
3,219,275
1,157,917
4,546,040
1,618,146
1,027,414
1,494,423
571,609
469,971
538,636
98,902
72,659
121,38t
12,000
5,828,827 148,574,871 53,766,329 54,119,626 19,416.130 12,140,149
5,386,736 67,012,86' 44,841,928 47,678,973 21,414,656 2,502,716
5,828,546 81,143,836 73,748.758 42,793,177 15,810,45« 3,754,989
D ry G oods.......
Gen’l m er’dise.
$3,565,027
5,567,978
$4,020,100
7,895,660
$3,222,423
6,585,581
$2,348,126
7,330,856
The receipts o f f lo u r and grain at the s e a b o a r d p o r t s f o r tb e
week ended Jan. 9, 1892, follow :
T otal..........
Since Jan. 1.
D ry G oods.......
Gen’l m er’dise.
$9,133,005
$11,915,760
$9,808,004
$9,678,982
$3,565,027
5,567,978
$4,020,100
7,895,660
$3,222,423
6,585,581
$2,348,126
7,330,856
lo t . 1 w e e k ___
f$9,133,005
$11,915,760
$9,808,004
$9,678,98.2
Flour,
Wheat,
C om ,
At—
bhls.
bush.
bush.
New Y ork ....... 167.321 1,116.750 1,515,125
Boston............ 68,288 2«9,46L
181,127
M on trea l...... 8,38 7 268,227
Philadelphia.. 76,369
34,201 1,125,028
B altim ore.. .. 85,932 218.221 1,2X3 -0 9
R ichm ond. . . . 4,525
10,178
19,140
New O rleans.. 12,014 258,300 332,219
In our report of the dry goods trade will be found the
R ye,
Oats,
B arley,
bush.
bush.
bush.
895,880 231.750 155,775
192,835 24,967 20,715
1,264
20,199 12,903
800
104,562
6,080
53.209
300
1 s.600
37,299
2,100
mports of dry goods for one week later.
The following is a statement of the exports (exclusive cf
Total w eek. 422.736 2,175,338 4,486.419 1.319.584 269,625 187,034
specie) from the port of New York to foreign ports for tie Cor w eek ’ 91 243,583 1 8 2 .3 /7 927,655 852.707 89.078 17,649
Below are the rail s n tp m u n ts of flo u r and grain from
week ending Jan. 12 and from January 1 to date :
Western lake and river >orts for four years:
EXPORTS FROM NE5V YORK FOR THE WEEK.
F or the w e e k ..
P rev. reported.
$5,792,487
$7,659,386
$6,642,483
$9,984,760
Tot. 1 w eek___
$5,792,487
$7,659,386
$6,642,483
$9,984,760
The following table shows the exports and imports of specie
at the port of New York for the week ending January 9 and
since Jan. 1,1892, and for the corresponding periods in 1891
and 1890:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Imports.
Exports.
Gold.
Week.
G reat B ritain ...........
F ran ce.......................
G erm any...................
West I n d ie s .,...........
M e x ico .......................
South A m erica.........
A ll ether countries.
$ 2,000
Total 1892.........
Total 1891.........
T otal 1890.........
$ 2,000
131,979
62,061
Since Jan, 1.
$ 2,0 0 0
2,000
$4,000
132,449
117,061
Exports,
Silver.
Great B ritain ............
Week.
Week.
Since Jan. 1.
$28,225
$28,225
5,045
3,100
23,797
5,045
3,100
28,797
$65,167
353,213
57,334
$65,167
421,467
124,194
Week.
Since Jan. 1.
$311,400
21,540
$311,400
21,540
$19,300
$19,300
22,495
22,495
46,035
7,772
46,035
7,772
$355,435
192,849
486,723
$355,435
684,249
639,698
$73,107
120,035
6,560
$73,107
120,264
25,476
A ll other cou n tries..
Total 1 8 9 2 ..........
Total 1891..........
Total 189 0 ...........
Of the above imports for the week in 1892 $13,003 were
American gold coin. Of the exports during the same time
$2,000 were American gold coin.
—Messrs. Poor & G reenough o f New York invite subscrip
tions for $1,173,000 five per cent 1st mortgage 50-year gold
bonds of the Dallas & W aco Railway Co., guaranteed princi
pal and interest by the Missouri Kansas & Texas Railway Co.,
at 88 per cent flat, carrying interest from Nov. 1. The road in
question is the connecting link between the portions of the
M. K. & T. system north of Dallas and the part lying south of
that city, which prior to the construction of this road was
separated by a gap of about sixty miles. The Dallas & Waco
Railway was completed in March, 1891, thus establishing the
continuity of the entire system, and it has been operated since
that time as part of the main line. The average earnings of
the entire system are $5,800 a mile, and the amount of the
mortgage on the Dallas & W aco is only $17,500 per mile for the
present issue, and $2,500 a mile additional authorized by the
mortgage are reserved for future improvements.
—Parties desiring investment bonds and guaranteed stocks
may be interested in the advertisement of Messrs. A. M.
Kidder & C o . in to-day’s C h r o n i c l e .
—7 he Gallaiin Nat. Bank has just held its annual election
of directors and officers, re-electing also the old officers.
1891.
Week
Jan. 10.
357,284
1890.
Week
Jan. 11.
377,636
1889.
Week
Jan. 12.
235,232
W heat......... ...b u s h . 1,122,918
C orn. . . . __ ...............3 ,6 2 ; ,418
O a ts .......... ..............2,013.672
493,528
Barley......... ..............
137.572
Rye.............. ..............
591,295
1,082,494
1,330,115
326,911
114,486
458,752
4,503,970
1,380,502
246,515
83,863
447,063
1,331.005
859,255
3 >7.765
76,680
3,445,291
6,673,692
3,521,768
F lo u r ......... ___bbls.
T o t a l.................. 7,390.103
The exports from the several seaboard ports to r the w<- ek
endinvr Jan. 9.
«re shown in the annexed st.».t«mem
Exports
fro m —
New York
Boston...
Portland.
N orfolk..
Philadel.
Baltlm’ re
». Orl’ns.
».N ew s..
B chm ’d
Peas.
Wheat.
Oorn.
Flour.
flush
941,644
161,933
Bush.
901,567
74,676
Bush.
390.280
36,319
20 390
148,000
530,184
37,000
478,901
805.882
192,257
76,160
Bbls.
124.847
23,943
714
178
32,965
29,170
3.444
3,390
2,566,443
218,651
595,133
306,499; 133,705
1 284,822
238,532
7,403
.........1 26,762
8’me time
1 8 9 1 . ..I
Imports.
Since Jan. 1.
1892.
Week
Jan 3.
558,508
1892.
1891.
1890.
1889.
Oats.
Rye.
Bush
290,350
16,149
Gush.
42.536
48,200
42,469
“ 500
144
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, Jan. 9, 1892:
Bar ey,
Rye,
'
Corn,
Oats,
Wheat,
In store at—
New York.........
Do a float...
A lb a n y .............
Buffalo.................
Do
afloat......
Chicago___ . . . . . .
Do
a flo a t ....
M ilw a u k e e .......
Dulutfl . . . . . . . . . .
D o a flo a t....
T o le d o ............ .
Detroit
Oswego
8t. Louis'.............
Do
a flo a t...
C incinnati....... .
B o s to n ,.... . . . . . .
Toronto....... .
M o n t r e a l.........
P h ila d elp h ia .....
Peoria__ . . . . . . . .
In d ia n a p o lis.....
Kansas C ity.......
Baltimore___ . . . .
Minneapolis.........
On Mississippi. . .
On canal & river.
Tot.
Tot.
To%
Tot.
Tot.
bush.
6,920,113
328,000
16,800
18,345
bush.
873,136
32,000
16,200
130,989
bush.
124,418
40,000
4,500
709,983
816,649
571,366
104,426
22,053
106,194
821
287,330
12 ',492
25,779
95,272
59,643
84,469
12,404
61,844
125.000
83,833
16,000
7,215
.............
13,325
118.000
9,318
119,525
130,912
TT,276
17,474
71,722
131.793
654
6,742
bush.
bush.
1,471,562 1,184,322
35,000
34,068
3,134,744
432,000
9,067,369 1,846,001
306,893
"i 0,058
559,876
6,951,952
400,703
343,234
1,613,146
12,343
804,279
25,000
3,056,171
323,528
65,000
1,000
22,000
223,205
137,221
800
100,197
477,262
497,431 1,409,009
621,280
21,082
2 1 ,( 00
? 9,175
55,143
900,626
1,212,
08
1,303,619
300,226
8,358,844
74,000
8,2u0
65,047
10,186
^6,609
476,137
308,124
185,805
91,256
118,639
35,968
1,155
19^864
17^000
Jan. 9, ’ 92. 45,604,903 7,919,465 3,677,835 2,184,484 1,945,701
Jan. 2 . ’9 2 . 45,668,724 7 , 0 81,196 3.868.579 2.3L5,935 2,271,543
Jan. 10,’ 9 1 . 25,519,263 2 ,8 1 4 ,9 16 3,770,769 440,4 / 1 3,810,891
Jan. 11,’9 0 . 33,178,421 10,333.695 4,935,26 > 1,280,867 2,283,234
Jan. 12,’89. 37,498,54111,842,242 8,43 4,103 1,637,251 2 ,611,884
—Messrs, George Ross & Co., 80Cornhill, London, have is
sued a pamphlet giving range of prices on the London Stock
Exchange, and dividends paid for ¡i series of years.
—Messrs. Reed & Flagg advertise a selected list o f railway
bonds and guaranteed stocks.
Ja n u a r y
THE
16,18ô2.j
New York City Bank Statement for the week ending Jan.
9,1891, is as follows.
BAJSK».
,u0* omitted.)
W e om it two ciphers (00) tn all cases.
Capital. Surplus.
Specie.
Levais.
9
930.0
793.0
115.3
1.027.0
957.1
249.0
1.315.0
197.0
2,721,8
478.8
336.5
282.4
305.0
152.4
383.9
74,5
385.0
1.611.0
3,045,2
224.6
615.3
477.0
1,469,7
672.9
259.1
399.5
420.3
277.2
207.5
206.4
490.8
150.3
284.0
657.0
191.9
4*5,8
l.,5 ,9
1,671,0
6.339.
6.49'.,<1 2’ 604,1
*202,1
92,2
3.669.6 1 »46,5
’ 655,1
2.607.0
201 3
1.480.0
278.0
1.074.5
859.1
6.550.8
497 5
746.5
3 ) 3,2
114.4
2 l*i,0
7 >H,i
200 ,<
800.0
129.7
590.5
1,470,5
2,605,
34i,fc
1.139.1
775.9
219,4
434.2
317,;'
198.7
1.426.4
273.8
1.103.5
617,7
eP5.fi
236.6
305,7
441.3
' 988,8
356.0
350,«;
228.0
7 5-.0
155.0
20 a.o
1.727.1 1,000,9
257.0
1,196,0
«
2,000,0 1,066,8 12,880,0 2.070.0
$
Bank o f N ew Y o r k ...
Manhattan Co.............
Merchants’ ..................
Mechanics’..................
America........................
Phenix..........................
Oity..............................
Tradesmen’s ............
Chemical.......................
Merchants’ E xchange
Gallatin N ational. . . . .
B utchers’ & D rovers’.
Mechanics’ & Traders
Greenwich....................
Leatnei M anufact’rs.
Seventh N ational.......
State o f N ew Y o r k ....
Am erican Exchange..
C om m erce............... .
B roadw ay........ ............
M erca n tile..................
P a cific..........................
R epublic.......................
Chatham.......................
Peoples’ ........................
N orth Am erica............
H anover.......................
Irv in g ............................
Citizens’ . . . . .................
N assau............ ............
Market & F u lton .......
St. N icholas.................
Shoe & Leather..........
C om E xchange...........
Continental................ .
Oriental.......................
Im porters’ <fc Traders’
Park...............................
East R iv er............ .
Fourth N ational........
Central N ational.......
Second N ational.........
Ninth N ational...........
First National.............
Third National...........
N. Y. N at’l E xchange
B o w ery .......................
N ew Y ork C ou n ty ...
German-Am erican...
Chase N ational.........
Fifth A ven u e............
German E x ch a n g e...
Germania....................
U nited States............
L incoln........................
Garfield.........................
F ifth N ational...........
Bank of the M etrop ...
W est S id e ...................
Seaboard......................
Sixth N ational............
W estern N ational___
First N ational,B’klyn
Leant
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
5,000,0
5,000,0
1,000,0
1,000,0
422,7
1.500.0
450.0
200.0
700.0
1,000,0
500.0
600.0
500.0
750.0
600.0
500.0
1,000,0
1,000,0
300.0
1.600.0
2,000,0
250.0
3.200.0
2,000,0
300.0
750.0
500.0
1,000.0
300.0
250.0
200,G
750.0
500.0
100.0
200,0
200,0
500.0
300.0
200.0
150.0
300.0
200.0
500.0
200.0
2.100.0
300,0
1.580.3
079.8
2.029.6
2.197.7
0
452.2
0
2.422.0
126.5
6.723.0
151.5
1.511.7
306.2
420.9
150.3
562.1
70,0
483.5
2.087.5
3.423.5
1.691.3
1.031.4
438.4
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
416.0
5.383.8
2.814.5
144.5
1.798.4
543.2
406.3
262,2
6,805,7
43,5
164.0
500.3
571.7
293.4
1.050.4
849.4
543.1
493.3
518.8
370.4
393.7
313.9
649.3
253.3
198.8
352.9
104 2
793.3
9
11,881,0
7.638.2
9.058.0
16.501.0
5.354.0
12.589.5
2,138,8
23.420.3
3.791.7
5.761.0
1.569.3
2.430.0
1.093.0
3.019.8
1.384.5
3.300.3
16.220.0
20,55 6,5
5.761.8
8.944.2
2.938.2
11,453.1
6.366.1
2.179.5
4.986.5
16.443.6
3.088.0
2.921.0
2.642.8
3.940.9
2,112,8
2.978.0
8.301.7
5.453.5
2 ,<92,0
24,686.0
24.836.4
1.165.7
22.317.9
7.730.0
4.619.0
2.793.3
25.017.3
4.003.9
1.513.1
2.797.0
2.896.2
2.839.4
12.792.9
4.780.4
2.821.7
2.724.6
5.547.0
3.797.1
3.274.2
1.805.5
4,396,4
2.132.0
3.653.0
1.560.0
10.581.3
4.011.0
3.392.0
2.288.0
908.0
2.882.4
1.444.0
2.280.1
367.3
7.007.5
923,9
1.230.7
387.1
280.0
191.3
714.3
327.4
546.8
6.287.0
1,598,4
1.024.7
1.719.3
338.5
1,917,2
1.214.8
639.5
980.5
5.024.7
593.5
918.1
426.5
977.9
306.4
722.0
8r9 , 1
1.557.4
Deposits.
9
12.370.0
13.492.0
8.345.4
7.575.0
16,433,7
6.852.0
13,275,5
2.243.4
26.100.1
4.726.0
5.279.6
1.930.0
2.505.0
1.097.5
2.953.1
1.562.7
2.955.7
17.612.0
15.981.4
4.924.8
9.455.9
3.505.2
13,005,9
6,890,8
3.471.0
5.536.1
38.349.0
3.182.0
3.590.1
2.953.2
4.432.2
2.305.5
3.693.0
7.641.1
6.568.1
2.109.0
26.973.0
29 617,5
1.073.2
23.326.4
9,72 v
6. 812.0
3.947,25.151.1
4,150,1
1.511.7
3.141.0
3.495 .1
2.804.5
15.006.4
5.259.3
3.618.4
3.236.5
6.295.0
4,479,3
4.324.8
1.962.1
5.227.0
2.371.0
4.100.0
1.403.0
11.015.1
4.434.0
r t o a l ...................... 159,872,7 66,007,9 444,289 9 99,050,1 39,256.6 477,382,3
New York City, Boston and Philadelphia Banks:
B a n k ?.
Capital <x
Surplus. Loans.
Specie.
105
C H R O N IC L E .
Legal». Deposits. Qirc’>*r O tr a r m y
9
*
$
9
$
$
$
N . Y o r k . ’’
Deo. 12___ 124*303,7 417.995.1 89,965,9 34,544,9 436.685.2 5.559.6 734,866.1
*• 19 .. . 125.380.6 422.840.2 94,440,3 36,355,7 446.538.0 5.589.6 728,988,6
"
26 ... 125.380.6 429.255.4 16,392,5 36.914,1 455.306.3 5.604.7 641.611.0
Jan. 2 — 125.380.6 438.616.4 95,972.2 37,814,4 466,218-- 6,537,4 6t 9,345,4
“
9 . . . . 125.380.6 444,298,9 99,050,1 39,256,6 477.382.1 5.503.0 Öä 1,981,2
B o s t o n .*
D ec. 2 6 .... 64.642.9 156,187,6 8,919.9 5,919,8 134,393,9 4.154.0 79,282,5
Jan. 2 ... . 64.642.9 156,663,8 9,283,8 6.186,6 137,264,5 4.206.0 95,9i/3,6
«
9___ 64.642.9 157,304,1 9,244,0 6,282,3 141,362,8 4.214.7 116.421.0
P h iln .*
35.793.7 94.927.0
Dec. 26 ..
28,i 19.0
96.071.0 3.393.0 59.001.1
Jan. 2 __ 35.793.7 95.306.0
30,“ 86.0
99.487.0 3.333.0 59,681,8
33,6 76,0
103,896,0 3.341.0 86.689.1
“
9 . . . . 35.793.7 95.919.0
* W e omit two ciphers in all these figure*. + la c udl ig, fo r B oston and P h il»
delDhia. tne item “ due to other banks.”
A uction Sales—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction»
By Messrs. R. V. Harnett & Co. :
Shares.
Shares.
23 Bank of North America.204%
40.000 Black Colt Min. Co. of
Bonds.
New Mexico, $2 eacb..$1,000
$10,000 Charleston Sumter &
100 B. H. Wolff & Co., Lim .. 50
Nor. HR. 1st 6 s, 20-year
50 Merchants’ Nat. B ank... 151
bonds, 1910, A & 0 ............. 25%
50 Market & FultonNat. Bk.222
$16,000 Omaha Street Rail
50 So. and No. Ala. B.R. Co. 18
way Co. 1st 5s, 1914........... 90
5 National City Bank........ 482
$3,000 N. Y. Maine & New
1.000 The American Nautical
Brunswick SS. Co. 6 s.......... 20
Telephone Co........ ■....... 100
By Messrs. Adrian H. Muller & Son :
Shares.
200 Am erican E x. Nat. B k .. .151%
25 Market Nat. B an k.......... 221%
50 Market & Fulton Nat. B k .2 2 l%
40 Corn E xchange Bk.......254%-%
1 0 4 Nat. Park B an k...300% -309%
24 Bank o f the State o f N.Y.109%
37 Bank o f N. York, N. B. A .234%
66 Gallatin Nat. B an k........ 313%
50 Continental Nat. B ank.. 133
124 Merchants’ Nat. B a n k ...151
18 Bank o f A m erica............206%
50 Nassau B ank— .............. 173
10 Equitable Life Assurance
Co. o f the U. S ;$l,050 per sh.
48 U tica W ater W orks Co.
$25 e a c h ..............$ 4 6 p e r s h .
20 U tica Steam Cotton Mills
Co..........................$135 per sh.
7 Oneida Nat. Bank.$167 per sh.
6 6 B k .of U tica.$60ea.$107 per sh.
4 Clinton H all Associat’n . . 58-67
15 United N. J. R R . & Canal
Cos......................
226
5 Columbia B an k................ 250%
104 Nat. Bank o f Commerce,
$100 each ................ 184-135
1 Society Library, yearly
dues $4. Paid to May
1, 1 8 9 2 ............................. $75
7 E agle Fire C o ............. . . 210
50 Home Insurance C o....... 140%
6 M echanics’ & Traders’
B ank..................................185
50 42d Street & Grand St.
Ferry RR. C o................ $400
20 H anover Fire Ins. Co___ 134
22 N ew Y ork Transfer C o... 38
20 State Trust Co................ .194
10 H am ilton Trust Co. o f
B rooklyn ...........................155%
25 Franklin Trust u o .........235%
10 Law yers’ Title Ins. < 0 ...1 5 1
80 B rooklyn Gas Light C o ..121
Shares.
100 Madison Sq. Garden Co.. 190%
10 Niagara Fire Ins. Co...... 138
20 Peter Cooper Fire Ins. Co. 150%
200 People’ s Gas Light Co. of
Brooklyn........................ 82'
400 Morning Star Consol. M’g
Co.' o f Leadville, $10
each......................30c. per sh.
100 Evening Star Min’g Co. of
Leadville, $10 ea.25c. per sh.
3 U. S. & Brazil SS. Co. . . }
600 Central Arizona M’g Co. 1 mo
431 Marip. L’d & M’g Co.cm [ **
405
Do
Do pref. J
157 Evergreen Bluff Mining
Co., $25 each................. $1
4 Commercial Nat. Bank o f
Philadelphia, $50 each.$10
Bonds.
$10,000 Missouri (Han. &
St. Jos. RR. State Renewal)
6 s, 1896, J & J .................... 110%
$5,000 Texas 7s, 1904, J & J.129%
£9,000 Warren RR. Co., N. J.,
2d 7s, guar., 1900, A & 0 ..1 2 1
$3,000 Newark, N. J., 7s,
Water bds.1905, M&N.125 & nt.
$25,350 Atlantic Mutual Ins.
Co. 6 p. c. scrip of 1888 — 100
$4,000 United N. J. RR. &
Canal Co. 6 s, 1901, M & S..119%
$17,000 Brooklyn City 7s
Public Park Loan Regist’d,
1916, J & J ................... 154 & int»
$6,000 Union Ferry Co. of N.
Y. & Brooklyn, 1st 5s, 1920,
M & N .................................... 92%
$12,000 Madison Sq. Garden
Co. 2d mort. bonds............. 30
$25,000 Roanoke St. Railway
Co. 1st 6 s, 1909, F & A,
Feb , 1890, coupons on....... 50
—The Lombard Investment Company, New York, Philadel
phia and Boston, with a capital of $4,000,000 fully paid, offer
in our columns next to “ State and City Department” first
mortgage 6 per cent gold bonds and gold debentures ; also 7
per cent first mortgage gold bonds and 8 to 10 per cent
national bank stocks.
—Southern California securities paying 7 per cent to 8 per
cent are offered by Mr. W . R. T. Johnston, 60 Broadway‘s
who will furnish full particulars.
^aixlUng and fin an cial.
S p en cer
T rask
BAN KERS.
&
C o .,
—Messrs. Charles S. Fairchild, Thomas L. Manson, Jr., H.
N os. 16 a n d 18 B road Street, New Y o rk City.
K. Pomroy and Greo. W . Dillaway, as a committee, to which
2 0 C ongress Street, B o sto n .
a fifth member will be added hereafter, request holders of the
A L B A N Y N. Y.
PROVIDENCE, R. I.
Direct Private W ire to Each Office.
consolidated second mortgage bonds, income bonds and stock
All «lasses o i Securities Bought and Sold on Commission. •Special attention
of the South Carolina Railway Company to deposit their secur
ities with the New York Security & Trust Company on or be giv e s to INVESTMENT SECURITIES.
fore the 8th day of February, to join a plan proposed for the
reorganization of the South Carolina Railway Company. The
LIBERTY N A TIO N A L BANK,
Central Building, 143 Liberty Street. New tfork.
committee reserve the right to substitute a consolidated first
§ 5 0 0 ,9 0 0
mortgage at a rate of interest not to exceed 5 per cent, and CAPITAL,
ACCOUNTS OF BANKS, BAN KERS AN D MERCHANTS SOLICITED.
not to exceed in amount $7,000,000, and in that event pay off
H
EN
RY
C.
TIN
K
E
R
President.
H
E
N
R
Y
GRAYES,
Vice-President.
the existing first and second mortgage bonds and interest
JAMES CHRISTIE, Cashier.
thereon in cash. Details of the plan of reorganization may be
D IR E C T O R S .
found in another column.
H. C. FAHNESTOCK,
E. F. C. YOUNG,
H E N R Y C. TIN KER,
HON. G. A . HOBART*
W M . RUNKLE,
H E N R Y GRAVES,
J. A . GA R LAN D
DUMONT CLARKE,
—The New York Life Insurance Company present. in an GEO. F. B AK ER ,
JNO. H . STARIN.
J.
R
.
M
A
XW
E
L
L
.
other column some interesting statements in reference to
their 20-year Tontine policies, issued in 1872 and now matur
ing. Examples are given showing the cost and present cash
THE MERCANTILE N A TIO N A L BANK
value, together with the options open to policy-holders. The
OF T H E C IT Y OF N E W Y O R K ,
management of the company further announce that the com
No. 191 Broadway.
pany’s new business for 1891 exceeded $150,000,010; its in C a p i t a l ,
$ 1 ,0 0 0 ,0 0 0 I S u r p l u s & P r o f i t s , $ 9 5 0 ,0 0 0
come exceeded that of 1890; its assets and insurance in force
were both largely increased; its mortality rate was much be W IL L IAM P. ST. JOHN, President. |FRED ERICK B. SCHENCK, Cashier.
JAM E3 V . LOTT, Assistant Cashier.
low that called for by the mortality table. A detailed state
A C C O U N TS S O L IC IT E D .
ment of the year’s business will be published after the annual
report is completed.
THIRD N A T IO N A L BANK
—The Union Discount Co., of London, publish in another
column their balance sheet and profit and loss account for the
OF T H E C IT Y OF N E W Y O R K .
six months ending Dec. 31. After paying a 4 per cent dividend
$ 1 ,0 0 0 ,0 0 0
on the half-year’s business amounting to $126,100, there is a Capital,
J. B. W O O D W A R D ................................President.
suiplus of $92,613. This company have a card in the C h r o n i c l e HENRY CHAPIN,
l a .............. Cashier *J. FR ED ’ X 3*V3.V I'i ...A sst.C ashier
(see second page) in which they give the rates allowed for « A ccoun ts solicited and careful attention to the interests o f Depositors
money on deposit from week to week.
. —
guaranteed.
106
THE
C H R O N IC L E .
•foe Ikttfoers' ©axette.
DIVID EN DS.
Name o f Company.
Per
Cent.
When
Payable.
Books Closed.
(Bays inclusive.)
R a ilro a d «.
Connecticut & Passumpsic pref.
2 % Feb.
1 Jan. 2 t o -----Great Northern pref. (guar.)___
1 Jan. 21 to Feb.
1 % Feb.
Huntingdon & Broad Top..........
2 Î
3 % ) Jan. 25 Jan. 17 to Jan. 24
■' , “ .
“
pref...
Bake Erie & Western pref. (guar.
1
Feb. 15 J a n .31 to F e b .15
Mahoning Coal.............................
5% Feb.
1 Jan. 16 to Feb. 1
Maine Central........................
to ---------3
Feb. 15
M ill Cr’k & Mine Hill Nav. & RR
5
On dem.
t o ---------Milwaukee L. S. & Western pref
3% Feb. 15 Feb. 3 to Feb. 15
Mount Carbon & Port Carbon...
6
On dem.
to ---------Philadelphia Wilm. & Baltimore *4
t o ---------Jan.
2
Sehuylkill Valley Nav. & RR.
to ---------213 On dem.
Eire In su ran ce.
Broadway.....................................
5
Feb.
1 Jan. 26 to Jan. 31
Continental...................................
7
On dem.
to ---------ti
it
Farragut........................................
5
t o ---------it
tt
Home........ ............................... .
5
to ---------it
it
Kings County...............................
6
to ---------it
tt
Phenix, Brooklyn..........................
5
te --------U lt s c e 'la n e o u s .
Claflin (H. B ) Co. com. (guar.),..
2
to Jan. 15
Jan. 15
Colorado Fuel pref........................
4
Feb.
1 Jan. 22 to Feb. 1
Edison Electric Ilium, (guar.).... _________________________
1 Jan. 16 to Feb. 1
1 % Feb.
* This is an increase of one per cent, the preceding semi-annual dividend having been only 3 per cent
W A L L STREET. FR ID A Y, JAN. 15, 1 8 9 2 -5 P. M.
The Money Market and Financial Situation.—The out
look remains quite favorable in railroad affairs. The progress
o f the Richmond Terminal adjustment, the new Chesapeake
& Ohio deal and the large earnings of Union Pacific in No
vember were all matters which had a good effect on the gen
eral sentiment this week.
The Cotton Exchange has also shown improvement. There is
no doubt about the prosperity of the West, but it is too well
known that the South is dejected, and if they could secure
even a moderate advance in the price of cotton on a basis
likely to last, their situation would be greatly improved and
the trade of the whole country would feel the benefit of it.
i* It is quite remarkable how few railroads are now in default
on their interest or tied up in foreclosure litigations. The
hard times of 1890 and the first half of 1891 did not result in
the same crop of defaults which we have had in former
years, and it is to be noted with satisfaction that the railroads
now having lower rates of interest to pay on their bonds are
much better able to pull through a dull period than they were
when paying 7 and 8 per cent.
kt The better financial status will probably lead to a good
many railroad leases and consolidations, and we have already
had two recently—first, the “ taking over” of Milwaukee Lake
Shore & Western by the Chicago & Northwestern and just
now the absorption of Mr. Huntington’s Elizabethtown Lex
ington & Big Sandy by the Chesapeake & Ohio.
Two years ago, in January 1890, the whole stock market
was broken for a time by the non-payment of any dividends
on the Reading preferred income bonds, and the resumption
o f payment on those bonds this week is quite suggestive as to
the improvement that has taken place in two years.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1 to 3 per cent,
the average being 2% p. c. To-day the rates on call were 2
to 214, P* c. Commercial paper is quoted at 4% @ 5% per cent.
The Bank of England weekly statement on Thursday showed
an increase in bullion of £286,000, and the percentage of reserve
to liabilities was 37-52, against 32-01 last week; the discount
rate remained unchanged at 3% per cent. The Bank of
France shows an increase of 125,000 francs in gold and 675,000
in silver.
The New York Clearing-House banks in their statement of
Jan. 9 showed an increase in the reserve held of $4,520,100
and a surplus over the required reserve of $18,961,125, against
$17,232,050 the previous week.
Capital.................
Surplus................
Loans and disc’ts
•Circulation.........
K et deposits........
S pecie..................
Legal tenders___
Reserve h eld ....
Legal reserve___
Surplus reserve.
1892.
Jan. 9.
Diff er en\sfrom
Prev. week.
1891.
Jan. 10.
1890.
Jan. 11.
$
59,372,700
66,007,900
444,2*9,900
5,563,000
477,382,300
99,050,100
39,256,600
138,306,700
119,345,575
$
$
67,119.700
65,375,800
383,955,400
3,538,800
390,325,000
81,133,000
29,832,500
110,965,500
97,581,250
$
61,062,700
57,542,100
400,347,000
3,743,400
414,754,800
80,682,800
29,021,600
109,704,400
103,688,700
18,961,125¡Inc. 1,729,075 13,384,250
6,015,700
In c.5,673,500
In c . 25,600
In .11,164,100
In c.3,077,900
Inc .1,442,200
Inc .4,520,100
Inc .2,791,025
^ F o re ig n Exchange.—Sterling bills were firm early in the
week, but have recently been easier on a better supply of
commercial bills, and probably also on the better condition of
the London market regarding our securities. ^ A ctu al rates for
[VOt. U V ,
exchange a re : Bankers’ sixty days sterling, 4 82%(&4 83;
demand, 4 84%@4 85; cables. 4 85%@4 85%.
Posted rates of leading bankers are as follows :
January 15.
Sixty Days.
Prime bankers’ sterling bills on London..
Prime com m ercial...................................
Documentary commercial...........................
Paris bankers (francs).................................
Amsterdam (guilders) bankers..................
F rankfort orBremen (reichmarks)b’nkers
Demand.
4 83 @4 84 4 85%@4 86
4 81% » 4 82
4 81%<94 81*9
5 2178@5 21% 5 19%@5 18%
40% @ 403,8
3915,« @3978
9478@95
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
mium; bank, $1 per $1,000 premium: Charleston, buying par,
selling % premium; St. Louis, 90c. per $1,000 premium;
Chicago, 40c. per $1,000 premium.
United States Bonds.—Quotations are as follows :
Interest Jan.
Periods 9.
Jan.
11.
Jan.
12.
28 , .................
Jan.
13.
Jan.
14.
Q.-Mch. *100 *100 *100 *100 *100
4s, 1907... .. . ...reg . Q.-Jan. 117% 117 *116% *116% *116%
48,1907........
Q.-Jan. *117 *116% *116% *116% *116%
6 s, cur’cy,’ 95. ...re g . J. & J. *109 *109 *109 *109 *109
6 s, cur’cy,’ 96. ...reg . J. & J. *111
*111
*111
*111
*111
6 s, cur’cy,’97. ...reg . J. & J. *113 *113 *113 *113 *113
6 s, cur’cy,’ 98. ...reg . J. * J. *115% *115% *115% *116 *116
6 s. cur’oy,’ 99. ...re g . J. & J. *118 *118 *118 *118% *118%
*This is the price bid at tne morning board ; no saie was made.
Jan.
15. \
*100
*116%
*116%
*109
*111
*113
*116
*118%
Coins.—The following are the current quotations in gold for
various coins:
Sovereigns...........$4 84
Napoleons........... 3 85
X XReichm arks. 4 72
25 Pesetas........... 4 75
Span. Doubloons.15 50
Mex. Doubloons.15 50
Fine gold b a rs... par
@$4 88
@ 3 90
@ 4 76
@ 4 85
@15 70
@15 70
@34 preni
Fine silver ba rs..
93 @ — 93%
Five D anes.......... — 90 @ — 95
Mexican dollars.. — 73 @ — 74
Do uncommerc’ l -------@ ---------Peruvian s o ls ..... — 70 @ — 73
English s ilv e r.... 4 80 @ 4 90
U.8 . trade dollars — 70 9 -------
Government Purchases of Silver.—The following shows
the amount of silver purchased by the Government in Jan.
Ounces
offered.
Previously reported............ 6.093.000
January l l ............................ 1.376.000
«
13...........................
778.000
“
15...........................
462.000
Ounces
purchased.
2,779,000
450.000
182.000
262,000
398,350
Price paid.
$0-9448 @ $0-9524
$0-9350 @ $0-9358
$0-9285 @ $0-9286
$0-9348 @ $0-9350
$ ........ @ $ _____
*Total in month to date.. 8,709,000' 4,071,350l$0-9285 @ $0-9524
* The local purchases of each week are not reported till Monday o f
the following week.
State and Railroad Bonds.—Sales of State bonds at the
Board included the following: $18,500 of Tenn. settl. 6s at
105-105%, $1,000 settl. 5s, at 99% ; $10,000 So’. Car. 6s, Brown
con., at 97%; $5,000 Ya. 6s defd., trust receipts, at 8%; $10,000
Va. 6s defd., at 8%; $10,000 N. C. con. 4s, at 97.
Railroad bonds have kept up well their general „strength and
activity, with particularly heavy dealings in a few bonds.
Mo. Kansas & Texas seconds have recently been most
prominent for large transactions, owing to the good earnings
of the road the past year and an unofficial statement that some
interest would be paid on them. The Reading preferred in
come bonds have become more quiet and receded a little in
prices since the dividend question was settled on Monday by
the declaration of 5 per cent on the firsts and 4% on the
seconds. If some interest is paid on theM. K. & T. seconds the
confidence of income bondholders in general will be further
stimulated, as the better position of incomes has beenone o f
the notable features of the improvement in the railroad situ
ation in 1891. The Ches. & Ohio bonds of various classes
have been favorably affected by the proposed new deal and
issue of 4% per cent bonds to take up the pref. stocks
in certain proportions. Richmond Terminal bonds continue
strong pending the committee’s deliberations. Union Pacific
bonds of all classes are fortified by the excellent report of
earnings foi; November,
Railroad and Miscellaneous Stocks.—There has been a
pretty healthy stock market—that is, no evidence of weaken
ing in the general tone, no bad slumps in particular stocks,
and no sign of a disposition to sell out and realize profits. It
matters little that stocks vary a few points from day to day
or week to week so long as the undercurrent of feeling is
strong and confidence in the future is unshaken. The good
exhibit for the year of a reorganized road such as M. K. & T.
and the extraordinary improvement in net earnings on such a
line as Union Pacific, that was cramped last year for ready
money, are good specimens of the sort of statistics coming out
from week to week that give substantial support to the mar
ket. The Ches. & Ohio deal, by which the preferred stocks
may be exchanged on certain terms for a bond that will yield
the holders some income, has made all the C. & O. stocks very
strong and active. Northern Pacific pref. stock and consol,
bonds are again among the weak ones, apparently owing
to the lack of hearty support from their friends, and also to
the fact that the net earnings were so large in 1890 that the
1891 monthly exhibits _appear less favorable by comparison.
To-day there was a fair business, with prices generally easier
on the leading stocks. Edison General Electric sold down to
89% although its 2 per cent quarterly dividend is paid as usual.
National Cordage closes at 96% ex. div.; Chicago Gas at 75%;
Am. Sugar at 80%; Nat. Lead at 34%; Silver bullion certif
icates at 93%.
THE
i
C H R O N IC L E .
EXCHANGE—A C T IV E STOCKS fo r week ending JA1V. 1 5 , and sin
HIGHEST AND LOWEST PBICE 8
Saturday,
Jan. 9.
Monday,
Jan. 11.
43 78 45*4 43*2 44*4
5% 5%
5%
' ........
92% 9278 *92% 93*4
61
61*4 60*4 61
115*2 H 6 *s 116 116
34
34
*34% 35
26
26*4 25 7s 26*4
59*4 59*4 59*2 59*2
39
38*a 38*s 39
141 141 *140 145
10858 109*4 108 109
69*4
69*2 69*2 *68
'........ 101*2 *............... 101
81*8 82% 81
82*8
122*2 122*2 122*4 123
11578 116*2 115% 116*2
*140*2 142
92% 94
92*2 93*2
4638
45*2 46*4 45
109 110
109 109
72% 73*2 72 7s 73%
Tuesday,
Jan. 12.
k 43% 44*4
57s
“94** 94*2
60*4 605a
114 114%
*33% 34*2
2578 26*2
59
59*2
39
39%
'140 145
108*8 108%
69*2
t*68 101
%
'8 1 3 8 82%
123*2 123*2
11578 1163a
141*2 141*2
92*2 93*4
48
48
109 109*2
73*4 73%
Wednesday, Thursday,
Jan. 13.
Jan. 14.
Friday,
Jan. 15.
Sales
of the
Week,
Shares.
43% 44%
*5
5%
94
94*2
603« 61*8
114*2 115*2
*34*4 34%
26*4 2678
59*2 60*2
39% 41*4
139 139
108 109%
' 68
69*2
42% 43*2 132^675
5
5
400
93*4 93%
1,660
60*4 60%
8,370
'113 115
2,985
33% 33? *33% 34
2 10
27
28
26*a 27% 42,427
63
64
23,674
42*4 44
37,123
139 145 *139 140
115
10778 1083 107% 108*8 37,372
*68
69* *68
50
69*4
' ............... 101
*........ 101
81*2 82*2
80% 81*8 125,415
123*4 123*2
123*2 123*9
1,120
116*2 117%
116% 117% 83,007
105
91% 9234 76,922
92% 94*8 92% 93
46*9 47% 22,328
47*4 48*4
110
110
108*2 110
109 109*2 2,448
7338 74*4 72% 73% 72% 72% 24,200
95
96
2 00
30*2 31
30*8 31
31% 30*4 30*2 30% S0% 2,725
* 31
124*4 125
124*4 124*2 124*2 127
125*2 126% 125 125*4 124% 125% 11,443
140*4 141*4 140 141*4 140 141* i 140*4 141*4 140 140*4 140 140*4 32,078
r 16*2 17* 2 17% 17% *16*2 17*2 *16*2 17%
*16% 18
20 0
46
*45*2 46% 46*2 46*9
46*4 46
*45*2 46*2 46
600
*46*4 47
838 8 *2
8*2
8%
9
9
7
7
8%
7*2 8 %
1,975
8%
61
51% 51% ‘ 49
*50
55
*50
*49
54
55
*50
55
10 )
18
18*4 18
1838 19*8 18
18
3,113
18
*17*2 18*2 16% 16%
123 123
........ 124
120
x l l 9 *2 l 21
120
1,150
123 123 *123 125 *123 125 *122 124
122 123
122 124
400
108*2 108* 108% 108% 107% 107% 108 108
103*4 108*4 108 34 109
1,127
13
13
13
13
1278 13
13*2 13*2 1234 13% 12*9 1 2 % 1,572
49
49
47*2 48
1 ,222
47
47
47*2 48 *........ 48
2 2 7a 23%
21*2 22*4 22*2 22%
22*9 23*4 22*2 23
19,035
695a
70
70%
71%
69*2 70
71
70*2 71% 17,455
72%
122 122
121*2 122
121*2 1 2 2 % 12134 123
1217a 123
6,570
97
96
96
*96*2 97*2 97*2 97*2 97
*95*4 96*2 *95*2 97
390
80% 82
80% 81
80% 82*4 80*2 81*4 81
80% 81% 74,750
29 78 303s 29
28% 29% 28*4 29*4 28% 29*8 44,164
30*4
107. 1073s 105 106%
105*2 105*2 104*2 104*2 105 105*4 3,200
24
22*2 225a
300
22*8 22*8
105 106 *105 107 . 105*2 105*2
106 106*4 106 106
505
93% 93% *92% 94
*92*2 93*2 *92*4 93*2 92% 93
*92*2 94
250
132*8........ *132 ........ 132 133
133 133% 133 133 *133 134
408
10
*9% 10*4
9%
10
10*4 10
9%
9%
9%
1,450
1 0 % 10*4
*21
23
23
160
22*2 22*2 *21
*21*2 22*9 22*2 22*9 *21*2 23
19% 20
20
19*2 195a
20%
19*2 19% 19*2 19%
6,255
32
32% 52,453
30*2 31*4 30*2 3078
33% 31% 32% 32
627s 635a 63*4 64
64
63*8 64
64% 62% 63% 62*4 63
23,520
40
40 *........ 40
*38
40
402
38*2 39*2
*90
94
*90
94
94
*90
93*4 *90
93
90
90
230
115 116
115 115*8 114 115%
L15*8 115*2 11478 115*2
8,99r
*20
21
21
20% 20%
21
21*2 21
20
20*8 20*4
1,990
20%
*79
80
*80
81
*79
81
81
80
*78
*78*2 81
81
100
42% 42% *42
43
43
*42*2 44
43*2
2 00
43% *42
323s 33*4 3238 3 2 78
32*2 33% 31% 32% 32*8 32*2 67,225
73
72% 73*4 72
72*9 73*4 72
6,560
72*4 72% 73
50*4 52% 50*2 51% 50
49 % 51% 49% 50% 49% 50*8 158,972
‘225 228 *225 229 *225 230
225 230 '225 228
226
63
205a 21*4 203a 2 0 7a
20*4 21
20*8 20*4
20*8 20*4 11,096
l l 7s 123a
12*4 13
11 % 1 2 %
1 1 78 12 * 14,475
11% 12%
473s 49*4
48*4 50
48*2 49*4 49
49% 14,862
50*4 49
16% 16% *16
*16
17
*18
17
16%
16
16*2 *16
17
700
*53*2 54*2 52% 52% 53% 53%
53 78 5378 53*2 53*2
600
23% 24
25*8 25*4 2478 25*4
23% 24% 23*2 24
8,745
69*2 7058 69*2 70*4 6 8 % 70
67% 69*4 6 6 78 67% 67*8 68 % 108,771
*22
*22
24
*22
24
..... 22 *22
19
19
20
*19
20
*19
20
*19*2 20*2 *19
19*2 19*2
200
88
90
88
88
*88
90
*87
88%
88%
89
88*2 88*2
220
303s 30%
30*2 31
30*4 30*2 30% 31*4 31
3,453
31*2 30% 31
21
21
*21*2 22*2 2178 2178 21% 21% 21*9 22
*21*9 22
775
41% 423s 40*2 42 78 40% 42
40% 41% 4038 41*8 40*2 41 256,155
28
*28
28*2 28*2 *28*4 30
29*4 29*2 *29*4 30
1,000
29*2 28
66
66*2 65*4 65% 6 1 % 65%
'64
65*2
66*2 66*2
1,687
40
39
39
40
42*2 42*2 41% 41% 40
890
40*2 *40*4 41
16*4 17*8 16*4 17*8 16*8 16% 16*4 16% 118,012
16*2 17
16*4 17
70
72
69
70
71
70
71*2 70
69% 7178 70*2 73
19,540
39
40
‘ 37
38
3b*2
*38
39*2 38
100
38*9 '37
71*2 70*4 70*4 70*2 70*9 70*2 70*2
70
71*2 71*2 71*2 70
1,433
111
13.2*9 *110 112*2 1 1 0
10*2 112
110*2 112 *110*2 112 *110
70 1
10% 10%
10*2 10% 10*8 10*4 10
10%
10
10*4 10*2 10
2,810
205a 2078 20*8 205s 20
20% 20%
20
20*4
20*4 20*4 21
6,075
45% 45%
47% 47
47
47
48*4 47
8,773
47*2 46*4 46*2 47
104 105
05 105
103*2 103*2 *103*2 105
525 1
103*2 103*2 *103 105
15 116
115 116 *115 116 *115 116 *115 116 *113 115
40
40*4 40
40*2 40
40*4 40
41*4 3934 403a 40*8 40*4 2,7101
12% 12*2 12*4 1 2 % 1 2 % 1 2 % 12 78 13*4 4,757!
13*2 135a 1278 13
25*2 2578 25*2 27*2 27
27*2 26*2 27*4 26
26% 25% 26% 16,993,
45
*45
*45
48
*45
*45
48
48
*45
48
48
48
82
*82
*82
*82
87
85
100
87
83
83
85
87
*82
47*2 48*8 47*2 49
48
48*2 49% 48% 49% 48
49
48% 113,104'
22% 23 1 22% 23*4 22% 23
2 2 % 23*8, 2234 23*4
22% 22%
4,147,
14
14% 143s 143a 14*4 14*2 14*4 14*2 *14
14 , 1,018
14% 14
31*4 31% 31
31% 31*4 31% 31*4 32% 30% 31% 30*2 31 1 12,360
38*2 38% 38
38% 37% 38*2 38
38% 37% 38% 37% 38*4 11,930
78*8 787f 77% 79*« 78
4,605
78 7a 77% 78*2 78% 78*2 77% 78%
20*8 21
540
21
*20*8 20% 20% 20% *20
*1934 2 0 | 19% 19%
35
35*2 34% 35*4
67
66
65*2 66
86*2 873a
86*4 87
93*4 9334 93*2 94
74% 75*2 75*4 77*4
37% 3838 37% 39*2
03 103
102*2 103
63*8 64*2 60*4 63
95*4 95*4 94*4 95%
98
98% 98*4 98%
00*2 100*2 100*2 100%
35
35*2 35*4 35%
83*2 83*2 82*2 82*2
173a 17% 17*4 17%
27*2 28*2 *27
28.
38*2 39*8 38% 39
62% 63*2 63
63%
85% 185% 186 188
93% 94% *93
94
43% 43% 43
43*2
95 100
97
97
83
83% 83% 84*2
9,836
35*2 35
35% 34% 35%
34*4 36% 35
1,717
65*4 65% 66% 66% *65*2 6 6 % 65*2 66*2
60,986
83% 85% 82
80
83*8
84
86%
83%
93
11,288
92
92*2 93
91
92*2 91*4 92
76% 77% 75
77% 75*2 76% 75*2 76% 97,637
37
37*2 39
38
36% 37% 19,540
38*4 39
'102*2 103*2 103 1033e '102*2 103*2 102 102 I 1,700
59*4 61% 60% 62*4 59% 60% 59% 60*2 81,733
93
94
94
94*2 91*4 92*2 88*4 91*4 2,855
98*4 98% 97% 98*2 98
98*2 x95% 96% 17,635
8,644
10 1
10 1* 2 1 0 2 1 0 2 34 103 105 xl03*2l06%
35
35
35*2 36% 35
35*2 34% 35 I 4,013
82% 84
82
82
82%! 3,578
82% 82% 82
17% 16*4 16% 16*4 16% 12,395
17*8 17% 17
100
29 j *27
27% 27% *27
*27
29 I
28
38% 39
38% 39*2 38*2 39
37*2 38*8 6,485
63 259.000
62
64*8 62*2 63% 6278 63*8 62
187*2 189 I 1,756
187 187% 187*2 187% '187 189
92*2 92% 92 % 93% 93*2 93% 512.000
92% 93
42% 43*4 42*2 43*2 41% 42*2 41
42*4] 6,835
100
*98 100
*98 100
*98 100
*98 100
84
84*4 83% 84*4 83*2 83% 83*9 83*9 9,048
asked; no sale madej $ Prices from both Exchanges.
Ex dir.
4
2
12
4
0
4
14
15
15
8
7
2
2
7
2
13
4
7
2
2
7
5
4
12
0
2
2
7
11
0
4
2
5
4
6
13
13
2
6*
2
7
0
3
8
4
13
7
7
13
13
4
2
14
2
5
4
4
2
2
8
5
2
0
14
4
4
2
2
5
4
7
4
4
LI
5
5
7
12
L3
5
4
4
2
2
7
5
4
6
4
4
L2
4
4
4
4
5
4
4
4
4
7
LI
7
LI
2
7
6
7
.5
4
4
4
4
4
2
Ll
4
7
Ll
5
THE
108
C H R O N IC L E
[V ol.
L1Y,
BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
Share Prices — n ot Per C entnm P rices.
Active Stocks.
U Indicates unlisted
Saturday,
Jan. 9.
Monday,
Jan 11.
Tuesday,
Jan. 12.
Friday,
Jan. 15.
Wednesday, Thursday,
Jan. 13.
Jan. 14.
Sales
of the
Week,
Range of sales in 1892.
M iscellan eou s Stocks.
87
Am.Sug’rRefln.lT (Boston)___
93%
Preferred.........
“
204
Bell Telephone..
*•
10<
39%
Bost. & Montana
“
2Î
Butte & Boston..
“
21 *16
Calumet ¿ Hecla
“
21
*60
44
Consolidated Gas
“
*46
Brie Telephone (Boston).
Lam son Store Ser. “
49
Lehi’hCoal&Nav 'Fhil.j
87% 8 6 %
93% 93%
204% 204
39% 39%
*16%
17
265 *260
*60
44
44
47 * 46%
17*4
49% 49%
17%
50%
26%
Preferred.......... “
*17%
West End Land..
“
* Bid and ashed prices; no sale
Inactive Stocks.
43% 44%
Bid.
Ask.
43% 44%
43%
43
5%
5%
92
93%
82% 83%
8 6 % 83% 85%
92
93% 91
93
92%
205% 207
206 207
205
39% 39% 39% 37% 39%
16
16% 16% 16
17
*260
*261
*60
65
*59
45% 45% 47
44% 45
45% 45% 45%
46% 45
*
16%
16% *
16% *
49% 48% 48%
49
49% 49
53
53
51
51
16% 16%
17
17% 17% 17
50% 50%
50% 50% 50% 51
26% 26% 26% 26% 26% 26%
17% 17% 17% 17%
*17
18
87% 84%
92%
94
205
204
39% *39%
16% 16%
*260
62%
44%
44
46% 46
17*4
49%
53
17%
17%
17%
50% 50% 51
26% 26% 26%
17
17%
18
was made.
53
43% 44%
5%
5%
Inactive stocks.
Bid.
Ask.
Thom.Europ.E.Weldli (Boston) 100
Prices o f Jan. 15.
3%
Water Power.................
“ 100
“
50 12% 12 %
90 Westing. El. tr. rec.1I
Atlanta & Charlotte (Balt.)..100 89
B o n d s —B o s to n .
„ „
Boston & Providence (Boston) ..100 248
At.Top.&S.F.100-yr.4g.,1989, J&J 83% 83%
30
Camden & Atantic p f. (Phila.).. 50 25
643a 64%
1 00 -year income 5 g., 1989.Sept.
9
50
“
Oatawissa..................
Burl. & Mo. River Exempt 6 s, J&J 116
50
58
1 st preferred........
“
Non-exempt 6 s............1918, J&J 108
50 5678
2 d preferred..........
“
Plain 4 s .--....................1910, J&J
ventral Ohio............. (Balt.) . 50 53
Chic. Burl. & Nor. 1st 5,1926, A&O 1 0 2 % 103
100
Chari. Col. & Augusta
“
2d mort. 6 s.................1918, J&D 1 0 2 % 103
Connecticut & Pass. (Boston) .100
Debenture 6 s..............1896, J&D 101 102
100 224%
Connecticut River...
“
93
90
Chic.
Burl. & Quincy 4 s.. 1922, F&A
Delaware & Bound Hr .(Phila.) .100
90
Iowa Division 4s.......1919, A&O
50
Har.Ports.Mt.Joy&L.
“
Chic.&W.Mich.
gen.
5s,
1921,
J&D
Kan. C’y Ft. S. & Mem. (Boston) .100 45
92
Consol, of Vermont, 5s.1913, J&J 91
Preferred....................
“ 100 115 125
Current River, 1st, 5s..1927, A&O
25
100 15
K. City Mem. & Birm.
“
Det. Lans.&Nor’n M. 7s. 1907, J&J 108 108%
Little Schuylkill....... (Phila.) . 50 6 8 %
E astern 1st mort. 6 g., 1906, M&S 120
Manchester & Law .. (Boston) .100
I ree.Elk. &M. V.,lst, 6S.1933, A&O
Maryland Central—
(Balt. ) 50
Unstamped 1st, 6 s___1933, A&O
Mine Hill & S. Haven (Phila.) . 50 69% 70
95
K.C.C.&Spring., 1st, 5g.,1923, A&O
55
50
Nesquehoning Val—
“
K. C. F. S. & M. con. 6 s, 1928, M&N >1 0 6 % 107
Northern N. H........... (Boston) .100
68
K.C. Mem. & Bir.,1st, 5s,1927, M&S 67
North Pennsylvania. (Phila.) . 50 83%
C. St. Jo. &C. B., 7 s.. 1907,
J&J122
......
Oregon Short Line... (Boston) .100 30% 30% K.
L. Rock & Ft. S., 1st, 7s.. 1905, J &J f 92
Parkersburg...............
(Balt. ) 50
47% Louis.,Ev.&St.L.,1st,6g.l926, A&O 1107
Pennsylvania & N. W. (Phila. ) 50
2m., 2—6 g .................1936, A&O
Raleigh & Gaston. . . .
(Ball. )100
Mar. H. & Ont., 6 s.......1925, A&O
Rutland....................... (Boston) .100
Exten. 6 s ....................1923, J&D
72
100
Preferred................
71%
Mexican Central, 4 g . ..1911, J&J
Seaboard & Roanoke. (Balt.) 100
36%
1
1st consol.incomes, 3 g,non-cum,
100
1 st preferred.......... ,
“
22
2d consol, incomes, 3s, non-cum.
West End..................... (Boston) 50 72% 72%
L21
N.
Y.
&
N.Eng,,
1st,
7s,
1905,
J&J
50 84% 84%
Preferred....................
“
1st mort. 6 s................ 1905, J&J >112 113
58
West Jersey.................(Phila.) . 50 57
106
2d mort. 6 s.................1902, F&A
21
50
West Jersey & Atlan.
“
2d mort.,scaled, 5 s... 1902, F&A
Western Maryland..
(Balt.) . 50
Ogden. & L. C., Con.6s.l920,A&0§
100
Wilm. Col. & Augusta
“
Inc. 6 s............. ...................^„1920
100
Wilmingt’n & W eldon
“
Rutland, 1st, 6 s........... 1902, M&N
20
Wisconsin Central... (Boston) .100
2d, 5s......................... 1898,F&A
Preferred....................
“ 100 45
100 121
Worc’st.Nash.&Roch.
“
B on d s.—P h ila d e lih ia
,
Allegheny Val., 7 3 10s, 1896, J&J 108 109
MI8CELLAN EOU8.
Atlantic City 1st 5s, g., 1919,M&N 105
2
AHouez Mining........ (Boston) . 25
1%
11% Belvidere Del., 1st, 6 s.. 1902, J&D 111%
25
Atlantic Mining........
“
Catawissa, M „ 7s........ 1900, F&A 117
City PassengerRR... (Balt.) . 25
30% Char. Cin.& Chic.lst 5g, 1947, Q—J
Bay State Gas............(Boston) . 50 30
6 % Clearfield & J eff. ,1st, 6 s.1927, J &J j
5%
10
Boston Land.................
“
10 % Connecting. 6 s........ 1900-04, M&S
10 10
Centennial M ining...
“
25 12% 12% Del. & B’d Br’k, 1st, 7s.l905,fitfeAl 129 130
Fort Way ne Ele ctricH
‘‘
15
25
15% Easton&Am. lstM.,5s.l920,kr&N| 109
Franklin Mining.......
**
4 Elmir. & Wilm., 1st, 6s.1910, J&J5
Frenchm’n’sBayL’nd
“
Hunt. & Br’d Top, Con. 5s.’95,A&O 103
25
Huron Mining...............
“
Lehigh Nav. 4%s....... ..1914, Q—J 1 108 109
70
Illinois Steel A...............
“ 100
2d 6 s, gold.................. 1897, J&D 110 111
12%
25 12
Rearsarge Mining___
“
General mort. 4%s, g.l924,Q —F 101
Morris Canal guar. 4. (Phila.) .100 80
Lehigh
Valley, 1st 6 s ...1898, J&D 113
201
100
Preferred guar. 10“
2d 7 s............................1910, M&S 135% 137
Osceola Mining.......... (Boston) 25 28
Consol. 6 ......................1923, J&D. 126% 127
25
Pewabic Mining........
“
North Penn. 1st, 7s___1896, M&N; 111%
1 00 187 188
Pullman Palace Car..
“
Gen. M. 7s................... 1903, J&J| 125
25
Quincy Mining..........
“
25 155 160* Pennsylvania gen. 6 s, r.,1910, Var< 131
Tamarack M ining....
“
Consol. 6 s, c
........... 1905, Varl
100
Thoms’nElec.Wei'l’gli
“
1 Last price this week.
U Unlisted. $ And accrued interest.
18,192 80 Jan.
83
8,734 91 Jan.
92%
697 201 Jan.
2,378 36% .'an.
37%
412 16 Jan*
16
3 258 Jan.
264
60% Jan.
62
43 Jan.
2,308
47%
527 43% Jan.
46
20 16 Jan.
16
819 4878 Jan.
49
11 51 Jan.
1,670 16% Jan.
16% 16%
1,798 50% Jan.
50% 50%
1,679 26% Jan.
26% 26%
1,065 17 Jan.
17% 17%
80
91%
209
36%
*15%
264
*59
47
45%
*
49
Highest.
Lowest.
42% 43% 63,149 42% Jan.
A.tch. T. & 8 . Pe (Boston). 100
105
5% Jan.
6
*5
Atlantic & Pac.
“
10 0
2,876 84 J an.
93
89
93
88
91
86
8
6
%
85
86
86
Baltimore & Ohio (Balt.)."LOO
45
130
Jan.
130
130
130
130
130
1 st preferred
“
100
*115
2 d preferred
“
100
256
199
Jan.
199%
200
199%
199%
199%
200
199% 200
Boston ¿A lban y (Boston) .100 *1 9 9 % 1 9 9 % 199% 200
81 173 Jan.
173% 173% 173% 174
173% 173%
173 174
175 *........ 174
Boston & Lowell
“
100
160
Jan.
368
162%
162
162
162
162
162
161 162%
162 162
162 163
Boston & Maine
“
578 16 Jan.
17
*16% 17%
17
17
17
18
*17
18
18
18
18
Central of Mass.
“
1,056 33 Jan.
35
36
*34
35
35
*35% 36% *35
*37% 38
1 37% 38
Preferred
“
10738 Jan.
7,838
108%
109%
107%
108
108
108%
108%
108%
108
108%
108% 108%
OMo.Bur.&Quin.
“
14,115 8038 Jan.
81% 81% 81% 82% 81% 82% 8 C% 81% 80% 81
8 i% 82%
50% Jan.
717
52
52%
52%
52%
52%
52
53
51%
50%
50%
52
*50
6 Jan.
200
6%
6%
*6 %
*6 % 6 %
*6
Cleve. & Canton
21% Jan.
214
2
1
%
22
2
2
%
*21
2
2
%
*
2
1
%
*22
*22
2
2
%
23
*22
Preferred___
82%
Jan.
512
84%
*........ 85
84
84% 84% 84% * 84% 84% * 84% 84% *' 84
Fitchburg pref.
27*2 *
27%
27%
27
27%
27*3 *
FI. & Pere Marq.
*
*
*
*
87
87
87
87
«53*
87
Preferred
1,810 27 Jan.
27
27% 27%
27% 27% 27% 27
27% 27% 27% 27% **
Hunt. & Br. Top. (
375 48 Jan.
48
48%
48%
48%
48%
49%
48%
49
49
49
49
Preferred
1,084
50% Jan.
50%
50%
50%
50%
50%
50%
50%
50% 50% 50% 50% -V 50%
Lehigh Valley
*
*
1115 Jan.
120
116%
116%
116
117
Maine Central (.
3,890
21% Jan.
2
1
%
2
1
%
2
2
%
22
2
2
%
2
1
%
2
1
%
22
22% 22%
22% 22%
Mexican Central
33,855 42% Jan.
50% 52% 50% 51% 50% 51% 49% 51% 49% 50% 49% 50
N. Y. & N. Eng.
4,614103
Jan.
106%
106%
108 109% 106% 107%
108 109
109% 114% 109 Lll
Preferred___
*
69
*67
*
70
.0
70 *
70 *
23%
Jan.
7,981
24
24% 23% 23% 23%
25% 24% 25% 24
25% 25% 25
31,260 67 Jan.
68
67% 67
70% 67% 69
67
70% 69% 70*4 69
Preferred
299 164% Jan.
168% 169
168% 168% 168 168% 168% 168% *168%
*168
Old C olon y.... (.
8,050 55% Jan.
55%
56%
56%
56
55
%
56%
56%
56%
56%
56%
56%
56%
Pennsylvania.. <
Philadel. & Erie.
20%20i5,
2 0 5 lfi 2 0 7i(. 91,258 20 " Jan.
2 0 % 2 0 6 ..
0*4
20% 21%
2 0 78 2 1 %
Phila. & Beading
6
*5
*5
Summit Branch (
48
49
49%
48
48%
48% 18,282 47% Jan.
49%
43%
47% 48%
47% 48
Union Pacific
2 225 Jan.
*225 225% *225%
*225
*225
8 % Jan.
1,670
8%
8
%
8
%
8
%
8
%
8
%
8
%
8
%
8%
8%
*........
8%
45%
44
210
15 46% Jan. 4
12
578 Jan. 5
6 93 % Jan. 14
12 130 Jan. 12
Jan.
175 Jan.
165% Jan.
18 Jan.
38 Jan.
110% Jan.
83% Jan.
53% Jan.
67 8 Jan.
13 23 Jan.
2 86 % Jan.
2
4
2
200
8
9
7
7
4
8
4
4
14 28 Jan.
13 49% Jan.
13 51% Jan.
6;116% Jan.
2438 Jan.
5238 Jan.
114% Jan.
14 26% Jan. 5
14¡ 72% Jan. 2
5,169 Jan. 15
15 57% Jan. 2
2 21% Jan. 11
8 | 50% Jan.
8 226 Jan.
4
5
4
8 8 % Jan.
94 Jan.
210 Jan.
4078 Jan.
17% Jan.
264 Jan.
60% Jan.
47% Jan.
47 Jan.
17 Jan.
49% Jan.
52 Jan.
18% Jan.
51% Jan.
26% Jan.
18% Jan.
7
11
15
4
5
15
4
15
7
12
9% Jan.
Bonds.
Penna. Consol. 5s, r ........1919, Var
Collat. Tr. 4% g .......... 1913, J&D
Pa. & N. Y. Canal,7s... 1906, J&D
Consol. 5s.................... 1939, A&O
Perkiomen, 1st ser.,5s.l918, Q—J
Pnila.&Erie gen. M. 5g.,1920, A&O
Gen. mort., 4 g .......... 1920, A&O
Phila & Read, new 4 g., 1958, J&J
1st pref. income, 5 g, 1958, Feb 1
2d pref. income, 5 g, 1958, Feb. 1
3d pref. income, 5 g, 1958,Feb. 1
2d, 7s...........................1893, A&O
Consol, mort. 7s........ 1911, J&D
Consol.mort.6 g ........ 1911, J&JD
ImprovementM. 6 g., 1897, A&O
Con. M.,5 g.,stamped,1922, M&N
Phil. Wilm. & Balt., 4 s .1917, A&O
Pitts. C. & St. L., 7 s ....1900, F&A
Po’keepsie Bridge, 6 g .1936, F&A
Schuyl.R.E.Side,lst5 g.1935, J&D
Steuben. &Ind., 1st m. ,5s. 1914, J&J
United N. J., 6 g ............ 1894, A&O
Warren & Frank.,1st,7s,1896,F&A
B on d s.—B a ltim ore.
_
Atlanta & Chari., 1st 7s, 1907, JfeJ
Income 6 s .................. 1900, A&O
Baltimore & Ohio 4g., 1935, A&O
Pitts. & Conn., 5 g ...l9 2 5 , F&A
Staten Island, 2d, 5 g.1926, J&J
Bal.&Ohio S.W.,lst,4%g.l990, J&J
CapeF.&Yad.,Ser.A.,6g.l9L6, J&D
Series B., 6 g ............... 1916, J&D
Series C., 6 g ............... 1916, J&D
Cent. Ohio, 4% g ............ 1930, M&S
Chari. Col. &Aug. 1st 7s.1895, J&J
IGa.Car. & Nor. 1st 5 g .. 1929, J&J
North. Cent. 6s................1900, J&J
6s..........................
.1904, J&J
Series A, 5s..................1926, J&J
41^8
1925, A&O
Oxf.&Clark.,int.gu.,6 g.l937,M&N
Piedm.& Cum.,1st, 5 g .1911, F&A
Pitts.¿Connells. 1st7s. 1898, J&J
Virginia Mid., 1st 6s. ..1906, M&S
2d Series, 6s..... .......... 1911 M¿S
3d Series, 6s............... 1916, M&S
4th Series, 3-4-5s.......1921, M&S
5th Series, 5s............. 1926,>M&8
West Va. C. & P. 1st, 6 g . 1911, J&J
West’-N .C . Consol. 6 g-1914, J&J
Wilm. Col. & Aug., 6s.. 1910, J&D
MISCELLANEOUS.
Balti more—City Hall 6s. 1900, Q—J
Funding 6s.................. 1900, Q—J
West Maryl’d RR. 6 s..1902, J&J
Water 5s....................1916, M&N
Funding 5s................. 1916, M&N
Exchange 3%s............ 1930, J&J
Virginia (State) 3s, n ew .1932, J&J
Chesapeake Gas, 6s.......1900, J&D
Consol. Gas, 6s............... 1910, J&D
...................................... 1939, J&J
Equitable Gas, 6s. -.1913, A&O
4
- Bid. Ask.
113
106
121
110
102%
113
........
743s
57%
38%
105%
129
105
103%
116%
107
lu4
100
83%
74%
58
38'
....
60
102
108%
118
100
1 20
101
93%!100
107 ....
100% 101%
99% 100 %
99% 100 %
103%
101 102%
112 112%
113
108% 109
100
112% 113
116
116
109 110
103
105
90
115
104
105%
95
115
iïé "
122% 123%
ib i
lÖ i%
71%
71
105% 107
110 % 111
97% 98
-107 109
J a n u a r y 16,
THE
Hv2 . j
L09
C H K 0N 1C E E .
NEW YORK STOCK EXCHANGE PRICES (Continu^ .- A C T IV E BONDS JAN . 15, AND FOR YEAR 1898.
Olosing IHange (sales) in 1892.1
ÄAILROADARDMISCEL. »ONDB.
I
Lowest.
R a il r o a d
and
Otos’ ng Range (sales) in 1892»
Price I ----------------------- ■■■■—
Jan.
15 ! Lowest.
Highest,
Period.
M is c e l . B o n d s . Inter1st
Highest.
A tTop.& S.F—100-yr.,4g.l989 J & J
100-year income, 5 g .......1989 Sept.
AtL & P a c —W.D. ine., 6s. 1910 - - - - - - Guaranteed, 4 g ............. 193/ J & J
Brookl’ n Elevat’ d 1st, 6, g-1924
Can. South—1st guar., 5s 1908
2d, .................................... 1913
Ctentral of N. J.—Cons.,7s. 1899
Consol., 7s....................... 1902
General mortgage, 5 g ..l9 8 7
Leh. &W.B., con. ,7s, as*d. 1900
do. m o rtg a g e e s........ 1912
Am. Dock & Imp., 5 s .. . . 1921
Central Pacific—Gold, 6s.. 1898
Cfhes. & Ohio—M ort.,6 g--1911
1st consol., 5 g .......- - - - -19*>9
R.&A.Div.,lstcon.,2-4g.l989
do 2 d con., 4 g . . . 1989
Ches. O. & So. W.—6 g .......1911
Chic. Burl. & Q.—Con., 78.1903
Debenture, 5s.................. 1913
Denver D ivision,4s.....192^
Nebraska Extension, 4s.1927
Chic. & E. 111.—1st,s.f., 6s. 1907
Consol., 6 g.............. —- - -1934
General consol. 1 st, 5 s ..1937
Chicago & Erie—1st, 4-5 g.1982
Income, 5s.................... -,-1982
Chic. GasL. & C —1 s t,5 g. 1937
Chic. Mil. &St.P.—Con.7s.1905
1st, Southwest Div., 6s. 1909
1st, So. Min. Div., 6 s .... 1910
lst,Ch.&Pao.W.Div., 5s.1921
Chic. &Mo. Riv. Div., 5s. 1926
Wis. & Minn. Div., 5 g..l9 2 1
Terminal, 5 g ..................1914
Gen. M., 4 g „ series A . ..1989
Milw.& North.—M.L. ,6s. 1910
1st, con., 6s..................1913
Chic. &N.W.—Consol., 7 s .. 1915
Coupon, gold, 7s..............1902
Sinking fund, 6s..............1929'
Sinking fund, 5s..............1929
Sinking fund debeny 5s.1933
25-year debenture, 5 ___ 1909
Extension, 4s.................. 1926
98% Jan.
Chic. Peo. & St. Louis—5 g.1928
123 Jan.
Chio.R.I. & Pac.—6s, coup.1917
102
Jan.
Extension and col., 5 s.. .1934
105 Jan.
Chic. St.L. & Pitt.-Con., 5 g. 1932
121 Jan.
Chic. St. P. M. & 0 .—6s....1930
88 Jan.
Cleveland & Canton—5 ,. .1917
128% Jan.
C. C. C. & I.—Consol., 7 g.1914
118*9
Jan.
General consol., 6 « ....... 1934
82% Jan.
C;C. C. &St. L.—Peo. & E.4S.1940
32%
Jan.
Income, 4s...............
1990
103 Jan.
Col. Coal & Iron—6 g ........ 1900
74
Jan.
Col. Midland—Con., 4 g.,.1 9 40
88% Jan.
Col.H.Val.&Tol—Com,5g. 1931
93% Jan.
General, 6 g ......................1904
117 Jan.
Denver & Rio G.—1st, 7 g.1900
79% Jan.
1st consol., 4 g .......: ........ 1936
70 Jan.
Det. B. City & Alpena—6 g. 1913
42% Jan.
Det. Mac.&M.—L’dgrants.1911
98 Jan.
Dul. & Iron Range—5s---- 1937
96% Jan.
Dul. So. Sh. & Atl.—5 g .. . . 1937
99 Jan.
E. Tenn.Y & G.—Con., 5 g. 1956
Knoxville & Ohio, 6 g ...l9 2 5
*92”
Jan!*
82
Jan.
Eliz. Lex. & Big San—6 g.1902
98% Jan. 100% Jan.
Ft. W. & Denv. City—6 g..l9 2 1
97%
Jan
96%
Jan.
Gal.H.&San An.-W.Div.lst,5 g.
117 Jan. 117% Jan.
Han. & St. Jos.—Cons., 68.1911
98 Jan.
96*2 Jan.
Illinois Central—4 g .......... 1952
118 Jan. 119 Jan.
Int. & Gt. No.—1st, 6 g .... 1919
77 Jan.
76
Jan.
Coupon, 6 g., trust rec..l9 0 9
89% Jan. 91% Jân.
Iowa Central—1st, 5 g ....... 1938
84 Jan.
81
Jan.
Kentucky Central—4 g -----1987
100 Jan. 100 Jan.
Kings Co. E l—1st, 5 g ....l9 2 5
81% Jan. 84% Jan.
Laclede Gas—1st, 5 g .........1919
107% Jan. 109% Jan.
Lake Erie & West.—5 g ___ 1937
L. Shore—Con. cp., 1st, 7s. 1900
Consol, coup., 2d, 7s....... 1903 J & D 122% 122% Jan. 122% Jan
Long Isl’ d—1st, con., 5 g. .1931 Q—J 110 b,
General mortgage, 4 g ..l9 3 8 J & D 92 b. 91% Jan. 92% Jan.
Louis. & Nash.—Cons., 7s.1898 A & O 113 b, 114% Jan. 114% Jan.
117% Jan. 118% Jan.
& J 118
N.O. & Mob. 1st, 6 g ....... 1930
& J 108 b, 110 Jan. 110 Jan.
do.
2d, 6 g ......... 1930
&
D
lll%
b
.
E. H. & N. 1st, 6 g .......... 1919
General, 6 g ......................1930 & D 115% 115% Jan. i l 6* Jan.
80% Jan.
& J 115 b. 79 Jan.
Unified, 4 g ......................1940
& J 109% a.!ll0 Jan. 110 Jan.
Louis. N.A. & Ch.—1st, 6s.1910
101%
Jan.
A
&
0
100%
100%
Jan.
Consol., 6 g ......................1916
95 Jan.
87% Jan.
Louis. St. L. & Texas—6 g. 1917 F & A 93%
114
Jan.
Metro. Elevated—1st, 6 g .1908 J & J 114 b.,113% Jan.
2d,6s................................. 1899, M & N|106 b.|105% Jan. 106% Jan.
122%
Jan.
Mien. Cent.—lst,con .,7 s..l9 0 2 !M & N 122% 121% Jan.
Consol., 5s ..................... 1902.M& N .........
MiLLakeSh.&W.—1st,6g. 1921 M& N 124 b .123 Jan. 125 Jan.
■Extern & Imp., 5 g ........ 1929 F & A 107 b .1 0 6 Jan. 107 Jan.
M. K. & T.—1st 4s, g ...... 19901J
& D 80% I 79% Jan. 81%J4n.
2d 4s, g ......................... 1990 F & A 51%
46% Jan. 52 Jan.
Mo. Pacific—1st, con., 6 g.l920lM & N jl07% b.'.........................-•- ----8d,7s................................. 1906 M A N|113% 1113% Jan. ¡1 1 3 % Jan.
Pac. of Mo.—1st, ex., 4 g. 1938 F & A| 99%b. 100 Jan. 100 Jan.
2d extended 5s
___1988 J & J !103 %b. 1023s Jan. 1 0 4 % Jan.
Mobile & Ohio—New, 6 g .. 1927 J & D 110 b. 115% Jan. 116 Jan.
General mortgage, 4 s ...1938 M & 8 67
67 Jan. 1 67 8 Jan.
128% Jan.
Nash. Ch. & St.L.—1st, 78.1913 J & J 128% 128% Jan. 103%
Jan,
..1103% Jan.
A & O
Con., 5 g ...............
102
Jan.
102
b.il01%
Jan.
N.Y. Central—Extend., 5s. 1893 M & N
123%
Jan.
123
lib.|l23%
Jan.
J
&
J
1st, coupon, 7s................. 1903
Deben., 5s, coup., 1884.. 1904 M & 8 ............108% Jan. 109% Jan.
N. Y. & Harlem—7 s,reg... 1900 M & N 121 b . ...................
96% Jan.
95 Jan.
N. Y. Chic. & St. L.—4 g ...l9 3 7 A & O 96%
N. Y. Elevated—7s..............1906 J & J lll% b . 112 Jan, 112% Jan.
N. Y. Lack. & W.—1st, 6s.. 1921 J & J 125%b. 125 Jan. 125% Jan.
Construction, 5s..............1923 F & A 109 b.l...................
135% Jan. 136% Jan.
N.Y.L.E.&W.—lst,oon.,7g.l920 M & S 136
Long Dock, 7s................. 1893 J & D 104%b.ll04% Jan. 104% Jan.
Consol., 6 g .................... 1935 A & O 119 b. 119% Jan. 119% Jan.
107 Jan. 10768 Jan.
2d consol., 6 g ................. 1969 J & D 107
N. Y. Ont. & W.—1st, 6 g.,1914 M & S 115% 115% Jan. 116 Jan.
100
b.'lOO
Jan. 10038 Jan.
J
&
D
Consol. 1st, 5 g ............... 1939
N. Y.Sus.&W.—1st ref., 5 g.1937 J & J 103%b.T03 Jan. 103% Jan.
117
b.
T16%
Jan. 117 Jan.
Midland of N. J., 6 g---- 1910 A & O
& J 92%b.| 95 Jan. 95 Jan.
Norf. & W.—100-year, 5 g.1990
115% Jan.
115
Jan.
115
b.
& J
North. Pac.—1st, coup., 6 g . 1921
112% Jan. 113 Jan.
& O 113
General, 2d, coup., 6 g.,1933
107% Jan.
107
b.
107%
Jan.
& D
General, 3d, coup., 6 g . . 1937
80% Jan.
78% Jan.
& D 78%
Consol, mort., 5 g .......... .1989
80% Jan.
79% Jan.
& O 79%
Chic. & N.P.—1st, 5 g ...l9 4 0
102%
Jan.
102
101%
Jan.
&
s
North. Pac. & Mon.—6 g . .. 1938
& J 105 b. 107 Jan. 107 Jan.
North. Pac. Ter. Co.—6 g..l9 3 3
111
Jan.
lll%
b
.
I
l
l
Jan.
&
J
Ohio & Miss.—Cons. s.f.,7s. 1898
110% Jan. 112 Jan.
& J 112
Consol., 7s....................... 1898
107
Jan.
107
106
Jan.
J
&
D
Ohio Southern—1st, 6 g . .. 1921
64% Jan.
General mort., 4 g ..........*921 M & N 96 a. 62 Jan
b.
58
&
J
Omaha & St. Louis—4 g .. 1937
& D 102%b. 101 Jan. 103 Jan.
Oregon Imp. Co.—1st, 6 g.1910
71% Jan.
69 Jan.
& O 69
Consol., 5 g ...................... 1939
& J 109 b. 110 Jan. 110 Jan.
Ore.R.&Nav Co.—1st, 6 g. 1909
95% Jan.
94
93
b.
Jan.
&
D
Consol., 5 g ....................... 192o
& J 106 %b. 106 Jan. 106% Jan.
Pa. Co.—4% g., coupon— 1921
&
J
Peo. Deo.& Evansv.—6 g.,1920
Evansville Div., 6g---- 1920 M & S 105 b. 105 Jan. 105 Jan.
Jan.
2d mort., 5 g .................... 1926 M & N 70 a. 69% Jan. 70%
84% Jan.
83% Jan.
Phila. & Read. Gen., 4 g.1958 J & J 83%
75%
Jan.
74%b.
73%
Jan.
1st pref. income, 5 g .......1958 F eb.
59% Jan.
57% Jan.
58
2d pref. income, 5 g .......1958 F eb .
40
Jan.
38
%b.
38 Jan.
3d pref. income, 5 g .......1958 F eb .
83 Jan.
Pittsburg & Western—4 g.1917 J & J 81 b. 8 % Jan.
110 Jan. 112 Jan.
Rich &Danv.—Con., 6 g .. 1915 J & J 112
82% Jan.
82
Jan.
A
&
O
82%
Consol.,5 g .......................1936
95% Jan.
Ricli.&W.P.Ter.-Trust,6 g. 1897 F & A 92 b 91 Jan.
68% Jan.
65%
62%
Jan.
M
&
S
Con. 1st & col. trust, 5 g.1914
77 Jan. 78% Jan.
Rio G. Western—1st, 4 g ..l9 3 9 J & J
113%
Jan.
112%
Jan.
113%
A
&
O
R. W. & Ogd.—Con., 5 s ..i.1922
96 Jan.
St. Jo. & Gr. Island—6 g ..l9 2 5 M& N 93 b. 95 Jan.
108
Jan.
107
b.
Jan.
108
J
&
J
St. L. Alt. & T. H.—1st, 78.1894
2d pref., 7s.......................1894 F & A 106%b.
104 Jan. 104 Jan.
St. L. & IronMt.—Is t7 s ...l8 9 2 F & A 104
108 Jan. 108 Jan.
2d, 7 g ...............................1897 M & N 108
106
b.
105 Jan 105 Jan.
J
&
D
Cairo Ark. & Texas, 7 g . . 1897
86% Jan.
35% Jan.
Gen. R’y & land gr.,5 g..l9 3 1 A & O 85%
112
b.
St.L. & San Fr.—6 g., Cl. A. 1906 M& N
6 g., Class B ....................1906 M& N 112 b.
6 g., Class C....................1906 M & N 112 b. 112 Jan. 112% Jan.
Jan.
General mort., 6 g .........1931 J & J 107 b, 106% Jan. 106%
72% Jan.
713g Jan.
at. L. So.West.—1st, 4s, g. .1989 M & N 71%
37% Jan.
35 Jan.
2d, 4s, g.,in oom e............1989 J & J 36
S. P.M.&M.—Dak. Ex., 6 g.1910 M & N 116%b
116%b. 118% Jan. 119 Jan.
&
1st consol., 6 g ................1933
98 Jan.
97 Jan.
98
&
do
reduced to 4 % g ...
89 Jan.
88 b. 87% Jan.
&
D
Montana Extension, 4 g.1937
& J 61 b.
San A. & Aran. P.—1st, 6 g. 1916
61
b.
&
J
1st, 6 g ............................. 1926
94% Jan.
94 Jan.
& A 94
Seattle L.S.&E.—1st,gu. 6.1931
107 %b. 107% Jan. 108% Jan.
So. Car.—1st, 6 g.,ex coup.1920
21
20% Jan. 22 Jan.
Income, 6s........................ 1931
102 b. 101% Jan. 103% Jan.
So. Pac., Ariz.—6 g .......1909-10 J &
112 b.
So.Pacific,Cal.—6 g . . . . 1905-12 A
100 Jan. 100% Jan.
1st, consol., gold, 5 g ---- 1938 A & OilOO
So. Paciflo, N. M.—6 g ........ 1911 J & J 102 b.!l01% Jan. 103% Jau.
90 Jan.
90 Jan.
Tenn. C. L & Ry.—Ten. D., 1st, 6g A <& 01 90
Jan.
Birm. Div.. 6 g .................1917 J & J 90 b, 91 Jan. 92
84 J an.
82%
Jan.
83%
Tex. & Pac.—1st, 5 g ..........2000 J & D
33% Jan.
30*3 Jan.
2d, income, 5 g ................ 2000 March. 32
Tol. A. A. & N. M.—6 g .......1924 M & N 100%b 100% Jan. 103 Jan.
& J
Tol. A. A. & Gr. Tr.—6 g __ 1921
& J 103% 102% Jan. 104 Jan.
Tol. & Ohio Cent.—5 g .......1935
& J 77 b. 77% Jan. 78 Jan.
Tol. Peo. & West.—4 g .......1917
94 Jan.
& D 92 %a. 92% Jan.
Tol. St.L. & Kan. C.—6 g .. 1916
& J 110%b. 1103s Jan. 11058 Jan.
Union Pacific—6 g ...............1899
108%
Jan.
Sinkingfund. 8s................1893 M & S 107 %b. 107 Jan.
Collar, trust 4% ............... 1918 M & N 73 b. 70% Jan. 74% Jan.
Kansas Paciflo—1st, 6 g..l895|F & A 108 b . ................. .
la t,6 g ....................:..1 8 9 6 | J & D 107 % b ....................
DenverDiv.—6 g .........1899IM& N 107 b . ................. 109 Jan.
1st consol., 6 g . . . . ........ 1919 ;M & N 1 0 8 % 103% Jan.
Jan.
Oregon Short Line—6 g. .1922 F & A 107 b.1106% Jan. 108
81% Jan.
80% Jan.
Or.S.L.&Ut’hN.—Con.5 g.1919 A & O 80%
Jan.
U.P.Den.& Gulf con. 5 g.1939! J & D 75 %b 75% Jan. I 77%
l l Jan.
110 Jan.
Union Elevated—6 g ........ 1937 M & N 111
80 Jan.
Virginia Mid.—Gen. m.,5s, 1936 M & N 81 b. 78 Jan.
do
stamped guar. M & N 82%b. 80% Jan. 80% Jan.
Jan.
Wabash—1st, 5 g .................1939 M & N 103% 1103% Jan. 104
83% Jan.
2d mortgage, 5 g ............ 1939. ? “ 4 82%b.j 82% Jan.
50
Jan.
47
%a.
47%
Jan.
Debent. M., series B ---- 1939 J &
Jan. J
West Shore—Guar.. 4s.......2361 J & J|l02 ¡101% Jan. ¡103%
99%
Jan.
J
99
1
99
Jan.
West. N. Y. & Pa.—1st, 5 g.1937 J &
34%
Jan. j
2d mort.. 3s.. 5sc..............1927 A & 0| 33%
33% Jan.
!101%
¡West. Un. Tel.—Col. tr.,5s.1938 J & J|101
100% Jam I 93% Jan.
Jan. I
Wis. Cent. Co.—1st, 5 g......1937 J & J 92 %a. 93 4 Jan.
I Income, 5 g ................-.-.1937 ............ 1 41 b. 41% Jan. 1 42% Jan.
Note—“ b” indicates price b id ; “ a’ price a s h e d ; the Range is made up fromactual sales only.
NEW
SECURITIES.
Alabama—Class A, 4 to 5 ....... 1906
Class B, 5s............................. 1906
Class C, 4s..................... .— 1906
Currency funding 4s............ 1920
Arkansas—6s,fund.Hol. 1899-1900
do. Non-Holford
7s, Arkansas Central H R ............
Louisiana—7s, c o n s .............. 1914
Stamped 4s............. ..................
Missouri—Fund ............1894-1895
Latest price this week.
JAN U ARY
YORK STOCK EXCHANGE PRICES.—STATE BONDS
Bid.
Ask.
100 104
105 107
92
97
94
15
7
155 185
3 . 10
105
90
35
105
SECURITIES.
j
Bid.
Ask.
15.
SECURITIES.
Bid.
Ask.
99
S.C. (cont.)—Brown consol.6s.1893
New York—68, loa n .................1893 102
62
Tennessee—6s, old----- .1892-1898
North Carolina—6s, old .............J&J 30
72
Comi
romise,
3
4-5
-6s........
Funding act................... -i-v-1900 10
104
New settlement, 6s.............
New bonds, j . & J ---- 1892-1898
20
97 100
Chatham RR..................................
3
3 s ” ;:;;.r .:::* -....................... 1 9 1 3 ; 68% 69
Virginia—6s,
old...............................
j
Consolidated 4s....................i« ? * 2
6s, consolidated bonds.................<
..................................................1919 1Z1 125
6s, consolidated, 2d series, reets.
Rhode isiand—6s, cou.. 1893-1894 ... . ..
6s, deferred, t’ st rec’ ta, stamped " s "
3
I
South Carolina - 6s. non-fund.18881 2%
lio
THE
C H E O N IC L E .
GENERAL QUOTATIONS OF STOCKS AND
[VOL. LIV
BONDS.
Quotations in New York represent the per cent value, whatever the par may he; other quotations are frequently made per share
The following abbreviations are often used, viz.: “ M.” for mortgage; “ g.” forg old ; “ g ’d,” for guaranteed; “ end.,” for endorsed- “ eon« **•
f i r consolidated; “ conv.” for convertible; “ s. f.,” for sinking sund; “ 1. g.,” for land grant.
'
Quotations in New York are to Thursday; from other cities, to late mail dates.
______
Subscribers w ill confer a favor by giv in g notice o f any error discovered in these Q u otation s.
U n i t e d St a t e s B o n d s .
Ci t y Se c u r i t i e s .
Bid. Ask
Bid. Ask.
Ci t y S e c u r i t i e s .
Bid. Ask.
U N I T E » S T A T E S B O N D S.
Birmingham, Ala.—5 g.. 1920 A&O;
N. Brunswick, N.J.110
2s, option U. S., reg............... Q—M
Boston, Mass.—Water6s,1906 .Var §123*s
I 05
As, 1907......................... r e g ... Q,—J
Water 5s, gold, 1906............. Var|§113
93
96
As, 1907........................coup.. .Q—J
Water 4s, 1 9 1 7 ................ ...,V a r
New Orleans, La.—Premium 5s ... 158*2 ,159*»
6 s, Cnrrency, 1895.......reg___ J&J
Water 3*28, 1917...................A&O
Cons. 6s, 1923,ext. Crossman. J&J 105 106*3
6 s, Currency, 1896.......reg___ J&J
3s......................................... A&O
5s, 1934.................1............... J&D 100 101
6 s, Currency, 1897.......reg___ J&J
B’klyn,N.Y.—B’ge?s, 1915 24.J&J
N.Y. City—7s, 1900................. M&N §124
6 s, Currency, 1898......reg....J& J
Park 6s, 1924................
J&J
6s, 1900................................. M&N §117
6 s, Currency, 1899......rev___ J&J
Bridge 5s, 1919.....................J&J
6s, gold, 1901..........................J&J §120 122**
S T A T E S E C U R IT IE S .
Bridge 4s, 1926............... ....J& J
5s, 1908..................................M&N §118 122
Alabama—Class “ A,” 4 to 5,1 90 6 .. ICO 102
Water 3s, 1905.......................J&J
5s, gold, 1896........................M&N §106
Glass “ B,” 5s, 1906.
106% Buffalo, N.Y.—7s, 1924-5........ J&J
4s, 1906.................................. M&N §1< 6
Class “ C,” 4s, 1906
'92 *s
Water 5s, 1S98-9.................. A&O
3*38, 1904............................. M&N §103
Currency funding 4s, 1920........
M&S
Water 4s, 1904.............
3s, 1907................
A&O §100
Arkan.—6 s, fund.,’99.Hollord. J&J
Water 3*28,1905................. ..J&J
Park, 2*ss, 2 0 -4 8 ...___.....M & N § 92
95
6 s, fund., non-Holford........J&J
Water 3s, 1916...................... F&A
Norfolk, Va.—6s, 1914...............Var ........ .......*
7s, L. K. &Ft. S.issue,1900.A & c
Cambridge, Mass.-Water 6s,’ 96. J &J
8s, Water, 1901.................... M&N
7s, Memphis & L. R., 1899.A & O
City 6s, 1304.......................... J&J
5s, 1916 . . . . . . . . . . . . . . . . . ___A&O
7s,Ii. R .P .B . &N. O., 1900.A & O
Water 3*28, 19 1 1 .................... Var
Norwich, Ct.—5s, 1907............ A&O §112 113
7s,Miss.O. & R.Riv.,1900.A & O
Camden, N. J.—7s. 1 9 0 3 ..........J&J
Omaha, Neb.—Paving 5s, 1905 ...
7s, Ark. CentralRR.,1900.A & O
Charleston, S.C.—Conv.7s,’97. A&O
Orange, N. J.—7s, lon g................... §114
Oonnectic*t-New,rg.,3 *38,1903..J&J
Conv. 4s, 1909........................J&J
Paterson, N. J.—7s, 1 9 0 0 ............... §116 118
New, reg. or ooup., 3s, 1 9 1 0 .......
Chicago, Ell.—7s, 1899.....................
6s, 1901.......................................... §109 111
Oist. Col.—Cona.3-65s,1924, cp.F&A
16
7s, 1895
4s, 1908.........................................
100**
Funding 5s, 1899.................... J&J
4*28,1900
Petersburg, Va.—6s, long........ J&
no
Wash.—Fund.loan (Cong.) 6 s,g. ,’ 92
3-65s, 1902
Philadelphia, Pa.—6s,18 6 6.... J&J 106
Fund. loan(Leg.) 68 ,g.. 1902Var4s, 1911
6s, 1904-5-6............................. J&J 124
Market stock, 7s, 1892............... 1
Cook Co. 4*28,1900
Pittsburg, Pa.—5s, 1913.......... J&J 115 116
Water stock, 7s, 1901.................
West Cbioago 5s, 1899
7s, 1912...........
Var 135
^
do
7s, 1903..................
Lincoln Park 7s, 1895
4s, 1915.................................. J&D 101
Florida—Consol, gold 6 s .......J & J
Cincinnati, O.—7‘30s, 1902 ...J&J
6s, Consol., 1904 r e g ..............J&J 118
Georgia-4*36,1915...........
J&J
111 %
7s, 1908...................................Var
Portland,Me.—6s,RR.Aid,1907M&S §123 125
31*8,1917 to 1936.................J&J
100
6s, gold, 1906.......................M&N
4s, funded, 1912...................J&J §101*2 103
Indiana—Tem’y loan. 8 <*s, 1895..
4s, 1905.................................... Va’
Portland, O re—Gold5s,1920.M&N
Refunding, 3 ’-«s, 1895____
4s, 30-50s, sink, fund, 1931. J&j
Portsmouth, N.H.—6s,’ 93,RR. J&J §Ì"Ò2"' Ì"o2*s
State House, 3*33,1895..
58, 30-50s, sick, fu n d ,i930.M&N
Poughkeepsie. N. Y.—7s,water long §130
Temporary loan, 3s. 1899!,........
Hamilton County 4s. 1 9 3 7 ..... ..
Providence, R.I.—5s, g.,1900... J&J §108*2 1C8%
Temporary int. loan, 3s, 1894...
Cleveland, O.—7s, 1894........ .A&O
6s, gold, 1900, water loan..J & J §115 116
Temporary int. loan, 3s, 1 8 9 2 ..
6s, 1900.................................. M&S
4*28,1899..................
J&D §104 104**
Temporary int. loan, 3 s, 1893.
5s, 1907.................................. J&D
99
3*29, gold, 1916..................... M&S § 97
School fund refunding, 3s, 1909
Funded debt 4s, April, 1902. J&J
Quincy III.—6s, 1898............... J&J i
Temporary loan, 3s, 1899..........
Columbus, Ga.—7 s...............,..Var
Rahway,
N.
J.—Old
7
s
.
..
.
.
.
.
Iiouisiana—Consol.7s, 1914. ..J&J 105
5s........................................ .......... .
£9 100
New adjustment, 4s............
77
Stamped 4 per cent, 1 9 1 4 ....J&J
841s
0
Covington. Ky.—4s, 1927, new. J&.1 §100 100*2 Reading, Pa.—4s. 1920............ A&O
Maine—New 3s. 1899 1 9 2 9 ....J&D § 99*3 100%
5s, 1920.................................. F&A §107*4 110
114
Richmond,
Va.—6s,
1914........
J&J
Maryland—3s, gold, 1900........ J&J
95
88, 1899...............................-. J&J §123 125
132
8s, 1909....................................J&J
8-65s, 1899............................. j &j 101 102*2 Dallas, Tex.—5s, St. Imp’m’ t, 1328 100 104
5s, 1921 & 1922......................J&J
Massaohusetts-5s, gold, 1894.. J&J §103 104
5s, water, 1920................... .......... i o i 103
98
48,1920.....................................
.
...
6 s, gold, 1897......................... M&S 107 108
D sytjn, O.—5s. 1895—1906.......... ’
Rochester, N. f . —7s, Water,1903..
Minnesota—AdJ. 4 *28,1912,10-30 100
Denver. Col.—Pub. im.4s,1904.M&F
4s, 1912.................................. F&A
Missouri- Asyl’morUniv’ty,’ 92. J&J 102
Duluth, Minn.—4s, 1920..........J&J
St. Joseph, Mo.—6s, 1 9 0 3 ....... F&A
Fund. 6 s, 1894-95............... .J&J 105
Detroit,Mich.—7s, 1894..........F&A §106
Comp’mise 4 s,1 9 0 1 .............F&A
93
Funding 3 *2, 5-20s, 1906-8 ..J&J
6s, W. L., 1906.......................J&D §1 2 i*s 123
St.
Louis. Mo.—6s, 1899...........Var
Mew Hampshire—6 s, 1894___J & J 104*2 LQ5
3*ss, 1911................ .............. J&D 98
6s, gold, 1894.................................
War loan, 6 s, 1905............... J & j 123 Jl24
Erie, Pa.—Consol. 7s, 1894__ J&J
5s, 1900...........................................
New York—8s. gold, 1 8 9 3 .... A&O 102
Elizabeth, N. J.—New ls.1922 J&J 80
83
4s, 1905...........................................
No.Carolina—6 s, old, 1886-’ 98.J&J 30 ........ Evansville, ind., comprom. 4s,1912 80
98
3'65s, 1907....................................
6 b N. C. RR., 1883-5........ J & J
Fitchburg, Mass.—6s.’05,W.L.. J&J § 120*s
St. L. Co.—6s,1905.................A&C
os
do
7 coupons off .. .A&O
Galveston, Tex.-8s,1893-1909.M&S 100
St.
Paul,
Minn.—4s,
1912................
........
6 s, fun ding act of 1 866,1900.J&J ‘ 1Ó""
5s, 1920.................................J&D
88
4*29, 1916.......................................
6 s, new bonds, 1892-8............J&J
20
Gr’nd Rapids, Mich.—5s, 1904.J&J
5s, 1 9 1 5 ............... .............
6 s, Chatham R R ....................A&O
3
7
Water, 8s, 1895..................... J&D 106
6s, 1904.........................................
6 s, special tax,class 1.1898-9A&U
4
5*3 Harrisburg, Pa.—6s, 1895 .......J&J
7s
1898 ••• ...........................
Trust certificates.....................
4
7
Water 6s, 1903.......................J&J
San Antonio, Tex.—6s, l9Ö5-i9J &j
113
As, new, coup , 1910............J & J
96*s 98
Hartford, Conn.—6s, 1897....... J&J
98 102
5s,
1920........................................
6 s, 1 9 1 9 .... ..................... A & O 122
Towns, 3s, 1909...........................
125*3
Savannah—F‘d 5s, eons,1909 -Q—1 102 102*3
North Dakota be nde, l ’ded 4sJ&J..
Hoboken, N. J.—7s, 1892___ lA&O
Scranton, Pa.—4s, 1893 1910.F&A
Pentsylvania—
Improvement 6s, 1898........ J&D
Sioux City, Iowa—4*29,1899...
5s, new, reg., ’92-1902.......F&A 102*2
do
5s, 1901........M&N
Spokane Falls, Wash.—6s ..........
« u r a / u r a ........................F & A 117
Houston, Tex.—6 s ........................... ' 102*3 106
Springfield, Mass.—6s, 1905..A&O 121*2 123
Rhode iBl’ d—6s, 1893-4, ooup. J &J 101*2
Compromise 5s, 1 9 1 8 .................
90
92
7s, 1903, water loan............. A&O 128 128*3
South Carolina—6s,Non-fund.,1888
2*2 3
Indianapolis,Ind.~“ D” 7’3,’99. J&J
Springfield, O.—5s, 1907.. ....M &N
Brown consols, 6s, 1893 ....J & J
98
6s, 1897................................... j &j
Toledo, O.—7-30s, RR., 1900.M & N 113*2 115
Blue consols. 4*as, 1928.......J&J
Jersey City—7s, 1905............... Var
8s, 1893-94...............................Var 104% lif t
Bouth Dakota 4i*s, 1897........
104%
Water 6s, 1904..............
J& j
6s, 1899.................................... Var 109*3 111
Tennessee—6 s, unfunded........ j & j
62
Water 5s, 1 9 1 6 ....................À&O
5 s ,1911.................................. A&O 107 109
Compromise, 3-4-5-6s,1912. J&J 72
Water assess.,5s, 1916.........A&O §104
96
4s, 1913....................................Var. 94
Settlement, 6 s, 1913............... J a J 105 107
Hudson County 5s, 1905___ M&S §104
Trenton, N. J.—4s, 1911..........J&J
109
Settlement, 5s, 1913............... J&J 97 100
Hudson County 7s, 1894___J&D §105
101
Worcester,
Mass.—6s,
1892...
A&C
Settlement, 3s, 1913............... j & j 68
69*s
Bayonne City, 7s, long.......... J&J 11C
112
5s. 1905...................................A&O
Texas—7s, gold, 1904............... J&J 133 137
Kansas City, Mo.—7s, 1898.. M&N
103
4s, 1 9 0 5...........................A & O
Virginia—6 s, old, 1886-’9 5 ...J & J
4s, 1910.................................. a &O
99
3*23,1905................................J&D
6 s, new bonds, 1866............J & j
Lawrence,Mass.—6s, 1900 ...A&O l i 5
R
A
I
L
R
O
A
D
R
O
N
D
S.
115*2
6 s, consols, 1905. ex-coup___J&J
40
Leavenworth, Kan.—4 s, 1914 J&J
(Bonds
o
f
companies
consol'led
are
6 s, consol., 2d series............... J&J
Long Island City, N.Y—Water.7s............... 103
generally under the consol'd name.)
6 s, deferred bonas.......................... " 8*2 "9*3 Los Angeles, Cal.—7s
Ala.Gt. Southern—1st,6s,1908J&J e ll3 116
Do trust receipts................. .
8
9
Louisville, K y .-7 s , 1 9 0 3 .......Var §120 121
Debenture 6s, gold, 1906.. .F&A e!05 107
Tax-reo’vable coups., from cons’ ls 71
6s, 1897.....................................yar
Gen’l mort. 5s, 1927........ ...J&D e 94
96
__
Do
from 10-40s. 71
20'40s, 5s, 1920................."..M&N
Ala. Midland—1st, gua. 6s, 1928
86
87
New3s(Riddleberger), 1932.J&J 70%
4s, 1923.....................
J&J
92
Ala. N. O. T. &c. 1st deb. 6s, 1907. e 90
10-40s,cp.& re g.,3 to5 ,1919.J&J 30
35
Lowell 4s, 1903............
"*A&0
42
2d debent. 6s, 1907............... j&D e 41
Consol, coupon, new.................
34
33
Lynchburg, Va.—6s, 190D4.‘ .".J&J
Ala.&Vick8b.—C.ns. 5s,1921.A&O . . . a .
do
non-fundable
30
27
Lynn, Mass.-Waterloan,6s,’94.J&J
Vicksb.&Mer.—1st,6s, 1921.A&O
„
C I T Y S E C U R I T IE S .
5s, 1905............................. ...M&N
2d, consol. 5 s ......................... .
Albany, N.Y.—6 s, 1915-1919.M&N §132
Macon, Ga.—6g, 1909...
Alb’y
& Susq.—Cons. 7s, 1906, guar
128**
As, 1920 to 1930................ *M&N §102
Manchester, N. H— 6s, 1902." J&J."
Consol, mort.,6s,1906, guar.A&O Ì20
Allegheny, Pa.—5s,cp., ’87-97.1? ar. 108
4s, 1911.........................................
......
Allegh.
V
a
l—
Gen.
M
.,7
3-10s.
J&J
108
4*ss, coup., 1 9 0 0 ..................Var.
103
Memphis, Term.—Comp. 6s, 1907’
_
1st mort., 7s, 1910............... A&O 122
]|Allegheny Co.,5s, cp., 1913.J&J io o 101
Tax Dist., 68, 1913................ J&J
Income, 7s, end., 1894. ....A & O
21
4s. Court House, 1908, reg.. J&J 103 105
TaxDist., 6s, 1915.................J&J
Allentown
Term.—
Ists,4s,
1919.
J&
j
3*8s, reiunded, 1895, reg.. . j & j 100
Middletown, Conn.—3-65, I9 6 0 __
83% 83%
Ateb.T. &S. Fe—new 4s, 1989, J&J
Atlanta, Ga.—Water 7s, 1904..J&J 110 U T
Minneapolis, M inn.-8s, 1892. J&D
New incomes, 1989......................
64*H> 64*a
6 s, 1895-6............................... J&J 104 112
7s, 1901................................... j &j
Guar,
fund
notes...................M&N
9 9 % 99*3
5s, 1914-15.............................. j &j 102 106*2
4*28, 1912-15............
All. & Chari.—1st pf. 7s, 1897.A&U 102
4*26,1916................................ j &j
104*2 4s, 1915-17..................
1st, 7s, 1907.......................... . . . . 117
Augusta, Me.—6 s, 1905, Fund .J&J
119
Milwaukee,Wis.—Water 7a,’Ò2 .j & j
Income, 6s, 1900 ___
A&O 99
Augusta, Ga.—6 s, 1905............j &j
110
Water 4s, 1906-7............ .....J & J
Atl, & Florida—1st, 6s, 1939. M&N §........ 100
Baltimore—6s, bounty, 1893.M & 8
Mobile,
Ala.—4-5s,
l
’Ued,
laÓè.J&J
Atlantic
City—1st,
5s,g.,
1919.M&N
5s, water, 1894......................M&N
io’iV Montgomery, Ala.—6 s ....................
Atiau. & Dan.—1st g. 68,1917.A&O
6 s, 1900................................... q —j
116
5s, new................................
Atlantic & Pac.—1st 4s, 1937..J&j
"73*‘
6 s, West. Md. RR., 1 9 0 2 .... j& j
Nashville, Tenn.—6s, 19ÒÒ"
"j& j
2d W.D., gnar.,g, s.f.6s.l907.M&3
5s, 1916..................................M&N
i‘2‘4 " 4s, 1 9 1 0 ...............................
W.
D.
incomes,
1910..........
A&O
14
4s, 1920...................................Q—j
110
Newark—4s, 1968 ............” A&O
Central Division—
97
3*28, 1928...............................j& j
101
4*28, i 9 1 8 . .. . . . . ........
§103
Incomes,
6s,
ncn-cumul.,
1922.
15
Bangor, Me.—Water,6 s, 1905. J&J „___ 121
5s, 1909......................... ^...........
§106
Land gr. incomes, cum., 1901..
12 ........
E. & N. A. RR. 6 s, 1 8 9 4 .......J&J §103*2 104
6s, 1910.........
I I " v à r §120
S.litinjure & Onto —4S, 1935.. .A&O
Bath, Me.—6 s, 1902.................. V ai §103*2 105
7s, Aqueduct, 1905.......
.Var §122
Parkersburg
Hr.,
6s,
1919...A&O
117
Alas, 1 9 0 7 :........ ....... ............J&J|§100 102
New Bedford,Mass. 6s,1909. A&O, $128
Y
5s gold, 1925.........................F&A 107*s
B elfast. Me.—6 s.railroad aid,’98. J§106*2 107
3**s. 1910.............................A&O §I 96
Consol, gold 5s, 1988______ F&A 110
f.Priee nominal.
§ Purchaser also pays aoorued interest
e la London.
? Coupons on since 1869
Subject to call.
THE
J a n u a r y 16,1892,]
111
C H R O N IC L E ,
GENERAL QUOTATIONS OF STOOKS AND
BONDS— C o n t in u e d .
For E x p la n ation s See Notes at H ea d o f F irst P age o f Q u o ta tio n s.
R a il r o a d B o n d s .
Bid.
Ask.
Baltimore & Ohio—(Continued)—
Schuylkill Riv. East Side 5s, 1935
Sterling, 6s, 1895...................M&S el05 107
Sterling, 6s, g., 1902............. M&S e ll2 114
Sterling, 6s, g., 1910............M&N e ll8 120
Sterling, 5s, 1927...................J&D el04 106
Sterling, 4*28, 1933..............A&O el06 108
Equ.Tr. ser. B.1891 to 1900-M&N
Mon.Riv.—1st gu.g.5s,1919.F&4
Ceh.O.-Cons. 1st,4*28,1930.M&S io i% 1G3*'
Balt.& O. 8.W.—Cin.&Balt.7s,1900 111%
New 4*588, guar., 1990............J&J 101
75
74
1st pref. income 5s........ .............
32%
30
2d do
do
.......................
9% 10
3d do
do
.......................
e
ll7
B alt.& Pot’c—1st, 6s,g.,1911A&0
1st, tunnel, 6s. g., g’d, 1911. J&J e ll7 125
Beech Creek—1st,g’ld, 4s,1936, J&J 96% 97*2
Belvidere Del.—1st,6s,c.,1902. J&D 111*2
101%
Cons. 4s, 1927........................F&A
Boston & Albany—7s, 1892...F&A §100 100%
6s, 1895.................................... J&J §105 105%
Boston & Lowell—7s, 1892. ..A&O §100*4 100%
6s, 1896................................... J&J §106 106%
5s, 1899................................... J&J §104 104%
4s, 1905-6-7............................ Yar. §100% 100%
4%s, 1903..............................M&N §105 105%
Boston & Maine—7s, 1893...... J&J §102 102%
7s, 1894....................................J&J §104% 105
Improvement 4s, 1 9 0 5 ...... F&A §100 100%
Do
4s, 1937........ F&A §100 100%
Boat. & Providence—7s, 1893.J&J §102% 103
48,1918................................ ..J&J §101% 102
Best. Revere & Lynn—6s.’ 9 7 ..J&J §107 107%
10
Bradford Bord. & K.—1st, 6s, 1932
Bradf.Eld.& Cubar-lst,6s,1932J&J
Brooklyn Ele.—1st, 6s, 1924..A&0 111%
2d mortg, 5s, 1915.................J&J 83%
Union El.—1st, 6s, 1937___M&N 110% 111
75
Brunsw. & W.—1st,4s, g ,1938.J&J 70
Baft. Brad.& P.—Gen.M.7s,’96.J&J 101
Buft.N.Y.&Erie—1st, 7s. 1916. J&D 133% 135%
BuCRoch. & Pittsb.-Gen.5s, 1937 95
Roch. & P., 1st, 6s, 1921....F& A 118
Consol., 1st 6s, 1922..........J&D 114% 116%
Baff.&Southwest.—6s, 1908.. J.&J
Burl. C. R. & N.—lst.5s,1906.J&D 101% 102%
95
Cons.l st & col. tr., 5s. 1934.
lío
Minn.&St. L. 1st 7s,g’d,19 ¿7
100 ......
100
95
do
1st, 5s, 1921...
Oalifor. Pac.—1st M.,4*28,1912 J&J 100 105
2d M.. 6s, g., ’91,ext.at 4*a%.J&J 99
8d M. (guar. C. P.), 6s, 1905. J&J 106%
do
do
3s, 1905. J&J 60
Oamden & Atl.—1st, 7s, g.,’ 93
ConsoL 6s, 1911............................
......
Oamden & Burl. Co., 6s, 1897.F&A
Canada So.—1st 5s, guar.,1908,J&J 105% 105%
101 102%
iort., 5s, 1913................ r
ape Fear & Yadkin Valley—
99% 100%
"st 6s, Series A, 1916...........
99 100
99% 100
94
97%
Carolina Cent.—1st,6s,g.,1920. J&J
Oatawissa—Mort., 7s, 1900.... F&A 117 120
88
Cedar F. & Min.—1st, 7s, 1907
93
ICO 101%
75
85% 9 Í
Chat. R. & Col.—5s, g., 1
77%
Sav.&West.. 1st, guar.,:
Oantral of New Jersey—
115%
120% . . . . . .
110
109% 110
95%
106
Central Pac.—1st, 6s, g,’l895. J&J 105%
107
108
1st, 6s, gold, 1898.................. J&J 109%
B .Joaquin, 1st M., 6s, g.1900
108%
1102
Ca!.& Or.—Series A.5 s .. 191!
el 05 107
Land g. 5s, g., 1900. J
105
Charles.Cin.& C.lsti
Oharl’te CoL&A.—Co
Chartlers—1
Ohes.&Ohio.-
101%
..........
..........
103
114
Í*Í5
| 110
Mortgage 6s, 1911...............
116
C.&O. Ry, 1st 5s, 1939.............
104%
1st Consol. R. & A.2-4.1989. J&J 77%
80
do
do
4 s, 1989... J&J
2d do
do
4s, 1989...J&J
77%
Craig Yal. 1st 5s, g , 1940....J&J
Ches. O. & S.W.—M.os, 1911..F&A
2d mort., 6s, 1911................ F&A
Cheshire—6s, 1896-98 ............ J&J 107
1)6
104
.....
119
113%
78
79
78%
107%
R a il r o a d B o n d s.
Bid. Ask.
R a il r o a d B o n d s.
Chic. & Alton.—1stM.,7s, ’ 93.J&J 102%
Sterling mort., 6s, g., 1903
el 20 122
119
119 119%
do
2
......
St.L. Jacks’v.& C.
105%
do 1st guar. (
105%
do 2d M. (36
.......... ........
do 2d guar. (
..........
104% 106
Chic. Burl.& Nor.103
§102 102%
;§ioo*4 100%
l!§104 '108
Price nominal.
§ Purchaser also pays accrued interest. e In London, UCoupon of£ f In Amsterdam, i In Frankfort.
Bid. Ask.
Chic. B. & Q.—Cons.,78,1903..J&J 122 122*4 Cleve. & Canton—1st, 5s. 1917..T&J 87%
C.C.C.&St.L.—C. Div., 4s, 1939J&J 88
5s. s.f., 1901...........................A&O 104
St. L. div.lst.col. tr. 4s. ’90.M&N
5s, debenture, 1 9 1 3 ............M&N 102*4 102*8
dnn.San.& Clev.—6s, 1900..F&A §........
Iow aD iv. S .F .5 8 ,1 9 1 9 .....A&O 104*2
J&J 105
Consol. 5s, 1928...........
Iowa Div., 4s, 1919.............. A&O 92
81
Peo. & East. cons. 4s, 1940..........
82
Denver Div., 4s, 1922.......... F&A 94
89
Income 4s, 1990........ ................ 32% 32%
4s, plain bonds, 1921.......................M &8 87*2
90
Clev.Col.Cin.&In.—1st 7s,’ 99.M&N 115 117
Neb. Ext., 4s, 1 9 2 7 .......................... M&N89*2
Plain, 7s, 1896....................... J&J §106 1C6%
Consol, mort., 7s, 1914........ J&D 127
101
Cons. S. F., 7s, 1914............... J&J el23 128
Bonds, 5s. 1895..................................J&D§100%
Gen. con. 6s, 1934..................J&J 116 120
Convert, deb. 5s, 1903........ M&S ....... 113*4
Bur. & Mo. R., I’d M., 7s,’93.A&O §103% 104*4 Belief. & Ind. M., 7s, 1899...J&J 110 ------Bnr.&Mo.(Neb.),lst,6s,1918.J&J §116*4 116*2 Cleve. & Mah.Val.—G. 5s, 1936J&J
Cons, 6 s, non-ex., 1918___J&J §108 108*s Cle. & Pitts.—Con.s.f.,7s,1900M&N
4th Mort., 6s, 1892............... J&J
4s, (Neb.), 1910................... J&J § £ 6*2 88
......
Colorado Mid.—1st, 6s, 1936.. J&D 104*"
Neb. RR, 1st, 7s, 1896....... A&O §107% 103
Consol, gold,4s.................. ..1940 72% 73%
Om. & S. W., 1st, 8 s, 1896.J&D §109*2 110
Columbia & Gr.—1st, 6s, 1916. J&J 90
Ott. Osw. & FoxR ., 8 s, 1900. J&J §U 9 120
76
2d mort., 6s. 1923................. A&O
Atoh’n & Neb.—lst,7s,1908 M&S §121*2 122
93*4
Repub. Yal., 1st, 6 s, 1 9 1 9...J&J §107 107*2 Col.& C.Mid.—1st,4*28,1939..J&J 93
88
89
115
Colum. Hock.V. & T.~Con.5s,1931
Chic. & East 111.—1st mort. 6 s, 1907
__
93%
Gen. 6s gold, 1904................ J&D
1st, con., 6 s, gold, 1934 . . . . A&O 121*2 122*2
98
Col.&Hook.V.—lstM.,7s,’97.A&0 §105 108
Gen. con., 1st, 5s, 1937.......M&N 97
96
Col. & Toledo—ls t7 s ,1905..F&A §114 117
Ch. & I. Coal R’y, 1st 5s, 1936.. J&J 95
do
2d mort., 1900. M&S §101
Ohio. & Or. Trunk—1st, 6 s., 1900.. 105 110*2
Ohio&W.Va., 1st, s.f.,7s,19 xOM&N §113 11*7
Chic. Mil. & St. Paul—
90
Col.Shaw. & H ’k.—1st 5s,1940.J&J 85
M.&St.P.lst, 8 s, P.D.,1898. F&A 121
P. D., 2d M., 7 3-10s, 1898..F&A 124*a 126*2 Col. & Western, 1st, 6s, 1911...J&J 103 105
Con.&Mon.—B C.& M.—Oon.7s,’ 93 §102% 103
R.D., 1st, $, gold, 7s, 1902 ..J&J 125
Consol, mort., 6s, 1893....A&O §101 101*4
La. C., 1st M., 7s, 1893......... J&J 118% 118*8
121
Improvement 6s, 1911.......J&J §111 112
I. &M ., 1st M., 7s, 1897........ J&J
Conn. & Passump.—M .,7s,’93.A&0 §102% 103
I ’a. & Dak., 1st M., 7s, 1899. J&J 119
Connecting (Phila.)—1st, 6s ..M&S
Chic. & Mil., 1st M.,7s, 1903.J&J 123
91%
Consol.RR.of Vt., 1st, 5s, 1913. J&J § 91
Consol.. 7s, 1905....................J&J 125 k
Dayton & Mich.—Con. 5s,1911. J&J §107 108
1st M., I. & D. Ext., 7s, 1908J&J 124*a
m
m
m
m
rn
Dayton & Union—1st, 7s, 1909J&D §120 m
1st M.,6 s, S’thwest Div.l909J&J 113 114
Dayt.& West—1stM.,6s, 1905.J&J §114 115
1st M., 5s. La C. & Dav.l919J&J 100
1st mort., 7s, 1 9 0 5 ........... ..J&J §122
So. Minn. 1st 6 s, 1910............J&J 114*4 114*2
Delaware—Mort., 6s,guar.,’95. J&J 125
Hast. &Dak.Ex.lst,7s, 1910. J&J 121 123
103
Del.& Bound B’k—1st, 7s,1905F&A 126
do
5s, 1 9 1 0 ........J& J
113
Del.&Hud.—Coupon 7s, 1894. A&O 109% 109%
Chic. & Pao. Div. 6 s, 1910 ...J&J
143
106*2
1st, M., Pa.Div.,78,1917....M&S
do West. Div., 5s, 1921.J&J
Del. L. & W —Convert. 7s, ’ 92. .J&D
Ohio. & Mo. Riv. 5s, 1926....J&J 100*4 101
Mort. 7s, 1907..................... M&S 132 134
Mineral Pt. Div., 5s, 1 9 1 0...J&J 101 102*2
10O
Den, City Cable 1st 6s, 1908..J&J
Chic. & L. Sup. Div., 5s, 1921J&.)
79*«
Den. & R. G.—1st eon. 4s, 1936. J&J 78
Wis. &Minn. Div., 5s, 192L...J&J
1st 7s,gold, 1900.................. M&N 116% 117
Terminal 5s, g., 19 1 4 ............ J&J
76
Impr., g.,5s, 1928................. J&D
Dubuque Div., 1st, 6 s, 1920. J&J
DesM. & F.D.—Guar. 4s,1905.J&J 75
Wis. Yal. Div., 1st, 6 s, 1920. J&J
*55
1st mort., guar., 2*28,1905 J&J 50
Fargo & South.- 6 s, ass.1924. J&J
M
í
1st M., on Ext.,guar. 4s,1905J&J 77 --—■
Inc. conv. 8 . F. 5s, 1916.........J&.T
Det.B. C. & Alp.. 1st,6s, 1913. J&J 70
Dak. & Gt. So. 5s, 1916.........J&J
Det.G.Haven&Mil—Equip.6s,1918 e ll6 120
Gen. g. 4s, ser. A., 1989........J&J
Con. M., guar. 6s, 1918........A&O e ll6 120
Chicago & NorthwesternDet. L. & North.—1st, 7s, 1907. J&J §103 108%
Con. 7s, 1915.........................Q—F
Gr.Rap.L.& D „ lst,5s,1927.M&S 5 81% 86
Consol., gold, 7s, op., 1902. .J&D
Det. Mack.& M,—Ld. gr. 3*28, S. A. 38% 39%
Sinking fund, 6 s, 1929 .......A&O
Duh.&S.
City—lst,2dD iv.,’94.J&J
do
5s, 1929............... A&O
Duluth& IronR.—1st,5s,1937. A&O 98
do
debent., 5s,1933.M&N
96%
Duluth S. 8h. & Atl.—5s,1937, J& J 98
25-yrs. deb. 5s, 1909............ M&N
Dunk.A.V.&P.—lSt,7s,g..l900J&D 109 ---- —
30-yrs. deb. 5s, 1921............ A&O
East Tennessee Va. & Ga.—
Exten. bds. 4s, 1926........ F&A 15
1st, 7s, 19 0 0 ............................ J&J 111 113%
Escan.&L.Sup., 1st, 6 s, 1901.J&J
105% TTir»
Divisional, 5s, 1930..........J&J
Des M.&Mian’s,1st,7s,1907.F&A
-»
Consol. 5s, g., 1956..............M&N 98%
Iowa Mid., 1st M., 8 s, 1900. A&O
75% 78
1st Ext., gold, 5s, 1937........ J&D
Peninsula, 1st, conv.,7s,’98.M&8
80
79
Equip.
&
imp.,
g.,
5s,
1938..M&S
120
Chic. & Mil., 1st M., 7s, ’9 8 ..J&J
Cincinnati Ext. —5s., g, 1940F&A
Winona&St.Pet.—2d7s,1907M&N
Mobile & Birm .,lst, 5s,1937.J&J
1st extension, 7 g., 1 916.... J&D
108
Knoxv. & Ohio,1st, 6s, 1925.J&J
Mil. & Mad., 1st, 6 s, 1905....M&S 112*2
116
Ala. Cent-, 1st, 6s, 1918........ J&J —
108
Ott. C .F .& St. P.,58,1909..M&S 103*4
East. & W. Ry., Ala.-1 s t , 6s, 1926
North. Ills., 1st, 5s, 1910....M&S 103
120%
120%
Eastern,
Mass.—6s,
g.,1906.
.M&S
Madison Ext., 1st, 7s, 1911. A&O 130
Easton & Amboy—M.,5s,1920M&N 109% 110
Menominee Ext.,lst,7s,1911J&D 130
91%
91
Elizab.Lex.&
Big
S.—6s,
1902.M&S
Northwest.Un., lst,7s, 1917.M&S 133
Elmira&W’mspt—1st 6s,1910.J&J
Chic. & Tomah.—1st,6s,’0 5 .M&N el08 112
i
07%
5s, 2362..................................A&O
Cedar R. & Mo.—1st, 7s, ’94.F&A §105 105%
111%
1st mort., 7s, 1916........... M&N §133 133% Erie & Pitts.—Con. M., 7s, ’ 98.J&J §108
Equipment, 7s, 1900.. - .......A&O . . . . . .
2d mort., 7s, 1909, guar...J&D §120 121
103 '
Eureka Springs—1st,8s, 1933.F&A
S. C.& Pao., 1st, 6 s, 1898..J&J 109
Evans.& lnd.—1st,, g., 6 s ,.....- 1924 Í l3 ___
Frem. Elk.& Mo.V.—6s,1933A&0 §122% 123
1st, con., guar., 1926............J&J 109 110
do
do
Unstamped.. §120 120%
Evans.& T.H .,lst con.,6s,1921,J&J 118% 119%
100
Chio.Peo. & St.L.—1st5s,1928.M&S
Mt.Vernon—1st, 6s, g.,1923A&0 112
Louisville & St. L., 5s, 1927.A&O
Sul. Co. Br. 1st, g. 5s, 19 IO.A& O
Chic.R.I.& Pao.—6s,1917,coup J<sJ 122
89
Evans.
&Rioh.—1st 5 g .1928.M&S 87
h
T
%
Chicago & S ou th w estern ....___ tlll*S
Exten. & col. 5s. 1 9 3 4 ....___J&J 1015a 101% Evansv.T.H.&Chi.—1st, 6s, g.l9o0
2d,
6
s,
gold,
1900..................
J&J
95%
96
30 yr. deb., 5s, 1921..............M&S
1C6
Fitchburg—5s, 1899-1903---- Var.
Cbio.&Sc. L.—1st 6 s, 19 1 5...M&S
109
5s, 1908................................. M&N
Chic. St. L. &P.—Con.5s, 1932. A&O 105
107 *a
6s, 1897................................. A&O
Chic. & Ot. East., 1st, 7s, 93-’95
105**
7s,
1894..................................
A&O
Col.&Ind. C.,lstM.,7s,1904.J&J
lC0*a
4*ss, 1897............................... M&S
do
2d M.7s,1904.M&N
96%
4s, 1907.................................-A&O
Un.& Logansp.,lst, 7s, 1905. A&O
Bost.H.T. & West., deb. 5s, 1913.
Chi.St. P. &K. C.—Pr’ty 5s,1934. J&J
Flint & P. Marq.—M. 6s,1920.A&O
1st, g, 5s, 1 9 3 6 . . . . . . . . . .. . . . . J&J
102
1st, con., gold, 5s, 1939.......M&N
Minn. & N.W.lst, 5s, 1934.. J&J.
101%
Port Huron Div. 5s, 1 9 3 9 ..........
Chic.St.P.Min.&Om.—Con. 6 s, 1930
Fla.
C.
&
Pen.—1st,
g.,
5s,1918.J&J
Ch.St.P.& Minn. lst,6s,1918M&N I ...
St. Paul&S.City,lst6s,1919.A&0 122 122% Ft. Worth & Denv. O.—1st, 6s, 1921 89%
Ft.W.& Rio G .lst 5s, g., 1928 J&J 74%
Chic.& W.Ind.—S.fd. 6 s, 1919 M&N 114*2 117
Gal.Har.&SanAnt.—1st,6s,g. 1910.
General mort., 6 s, 1932 — Q—M
93
2d mort., 7s, 1905.................J&D
Chi. &W. Mich.—Gen.5s, 1921.J&D § 96
95
West. Div. 1st, 5s, 1931---- M&N
Cin. Georg. & Ports.—6 s, 1901 A&O § ...
78
75
Gal.Hous.&
Hen.—lst,5s,1913A&0
Cm. Ham. & Dav.—Consol. 5sA&.0 $105
Georgia—6s, 1 9 1 0 ........ .....J & J 106 1C9
Consol. 8 . F., 7s, 1905......... A&O 122
102
101
(Georgia
Pacific—1st,
6s*
1922.
J&J
Consol, mort., 6 s, 1905........ A&O §112 114*2
Con. 2d mort., 5s, g., 1923...A&O 63%
2d mort., gold, 4 *2 S. 1937. J&J 95
97*2
"Í3*
11
Cm. H. & f., 1st M., 7s, 1903.J&J §116% 117 *2 Con. income, 5s, g., 1923 ...A&O 101
102
Ga. Carol.&N o.—1st, 5s, g. ,1929. J&J
O.I.8 t. L.&C.—1st g. 4s, 1936,Q—F 90
94
77
Con. 6 s. 1920..................................§105
107% Ga. So. & Fla.—1st 6s, g, 1927. J&J
Gr. Rap. &Ind.—1st, l.g., g’ d, 7 s, g. §113%
Cin.&Indianap., 1st.,7s, ’92. J&D 100 104
lstM .,7s,l.g., gold,not guar.A&O
Iadianap. C. &L., 7s, 1897..F&A § ...... . 115
Ex land grant, 1st 7s, ’ 99.............
Cin.Laf.&C.—lst,7s,g.l901.M&S §U 0 115
73
General 5s, 1924.................
Cin. Leb. & Nor.—1st, 5s, 1916J&J §101 102%
97
Muskegon
Div. £s, 1926...J& J.. e 94
Cin.Rieh. &Chic.—1st, 7s, ’95.J&J §105 106*4
Gr. Bay Win. & St.P.—1st, 6s, 1911 85
Cin. Riob. & F. W —lst,7s,1921J&D
"36%
2d,
incomes,
1911,
all
sub.
p
d
....
Cin.&Sp—7s, C.C.C.&I., 1901. A&O
Han.&St. Jo.—Con. 6 s,1911.-M&S 116% 117%
7s, guar., L.S.& M.S., 1902..A&O
Harrisb’ g P .,& o.,lst., 4s,1913. J&J 100 105
Clearf. & Jeff.—1st, 6 s, 1927...J&J
Hart. & Conn.West.—5s,1903.J&J § 97
Clev. Akron & Col.—
iö r
Honsatonic—Cons. 5s, 1937..M&N
Gen. M., g., 5s, 1927 ............M&S 1 96*4
Ho’st.E.&W. Tex.—1st,7s,’ 98. M&N
Equip tr. & 2d M., lO-iOB.-.F&A 92
112
THE
C H R O N IC L E .
rvoL. l i v .
GENERAL QUOTATIONS OP STOCKS AND
BONDS— C o n t in u e d .
F or E x p la n ation s See Notes at H ead o f F irst Page o f Q u otation s.
R a il r o a d
bonds.
Bid.
Ask.
Houston & Texas Cent.—
Waco&N. W .,lst, 7s,g.,1901.J&J 110
1st g. be, 1937........................ J&J 163% 104%
2d g. 6s, 1912........................A&O 101% 114
83
85
Debenture 6s, 1897............. A&O
Gen.g 4s, 1921....................A&O
64%
Debenture 4s, 1897 _______ A&O
Hont.&Br. Top—1st, 4s, 1920. A&O 100
__
Cons. 3d M. 5s, 1895............A&O 103
Ulnois Cen.—1st,gold,4s,1951 .J&J 105
Gold, 3%s, 1951......................J&J
91%
Col. tr.. gold, 4s, 1952........ A&O
97% ......
Springfield Dlv., 6s, 1898. -J&J 104
Middle Div. reg. 5s, 1921... F&A 1)2%
Sterling, S. F., 5s, g., 1903..A&O el05 107
Sterling, gen. M.,6s, g., 1895. A &0 el 06 108
Sterling, 5s. 1905.................. J&D e ll 8 110
Chic.St.&N.O.—T.l’n,7s,’97.M&N
115
1st con.7s, 1897........................
2d, 6s, 1907........................ J&D
5s, 1951, gold......................J&D 111 115
Mem. Div., 1st 4s, g., 1951J&D
98
Ind. D. & W.—Gold, 5s,1947.. A&O
90
2dm . ino. 5s, 1948 ............... J&J
30
Ind. Deo.&Sp.—lst,7s,1906.A&0 i i i 115
Ind’polis & St.L.—1st,7s, 1919. Var. §115
Ind’apolis&Vin.—lst,7s,1908.F&A 1)9
2d mort.. 6s, g., guar.,1900.M&N
Int. & Gt.North.—1st.fis.1919.M&N 118 118%
2d ooup. 6s, 1909, Trust reo.M&S 74
77
Iowa o< nt.—1st g., 5s, 1938.. J&D 91
I’aFalls & 8. C.—1st,7s, 1917. A&O §128 128%
Jack.T. & Key W., 1st 6 g.,1914.J&J
Jefferson—1st5s,g. Erie, 1909.A&O 102 105
Jeff. Mad.&Ind.—1st, 7s,1906. A&O §114 115
2d mort., 7s. 1910.................. J&J §120
Kanaw. & Mich., 1st 4 g., 1990.J&J 73
74
Kansas O. B»lt, 1st, 6s, 1916..J&J §112 112%
Kan. C. Bridge & Term., 1st M.J&J
Kan. O.Clinton A Spr.—1st,5s,1925
93
Pleas. Hill & De Soto, 1st, 7s, 1907
120
K.C.F.8e.&.Mem.-lst,6s,1928.M&N
107
K.C.&M.Kv & Br.lstS g,1929.A&0
95
Current River, 1st, 5s. 1927.A&O
95
K.C.Ft.Scott& G —1st,7s,1908 J&D
113
Kan. C. M. & B .- 1st, 5s, 1927.M&8
68
Bir., equip., 6 g., gu.. 1903... M&S
101
K.
C.8t Jos.& C.B.—M.7s,1907 .J&J121
Nodaway Val., 1st, 7s, 1920. J&D
109
Kan. C.Wy.&N.W.--lst5s.l939.J&J
85
Ken. Cent. Ry.—Gold 4s, 1987.J&J
83%
Kentucky Un. 1st M .,5 s.l92 a.J&J
Keokuk&DesM.—lst,5s,1923.A&C
951s 101
Kings Co. El. - Sr. A.,f s, 1925.. J&J 97
99%
2d mort 5s. 1938.................. A&O
Fulton El. 1st M. 5s, 1929..M&S
Kings. & Pemb.—1st, 6s,1912.J&J 100 105
Lake E.& West.—1st,g.,5s,1937J&J 10938
Lake Shore & Mich. So.—
Cl. P. &Ash.,new 7s, 1892..A&O 1Q3%
Buff.& E., new bds,M.,7s,’98.A&0 l i S 3^ 114%
Det.Mon.& Tol.,1st,7s,1906.F&A
129%
Dividend bonds, 7s, 1899...A&O 116
Lake Shore, cons., ep., 1st,7s. J&J uses:
do cons., cp., 2d,7s,1903..J&D 1216g 1 2 2 %
Mahon. Coal RR.lst,5s,1934.J&J
108%
Kal.A.& Gr.R.—1st 5s, 1938-J.v J i ‘0‘ 5 %
Lehigh Val.—1st, 6s, 1898....J&D 112 % 114
Con. M.,sterling, 6 g., 1897... J&D ! 05 107
2d mort., 7s, 1910............... M&S 135 138
Con. M., 6s, g., 1923 reg.......J&D 126% 127
Leh.V.Ry,lst 4%s, g., 1940,rec.gu. D 078 101
Leh.Y. Ter.—1st.g.gu.t s. 1941 .A&O 1 0 .% n o
Litchi. Car.&West, lstg. 6s,’ 16J&J
98
L. Miami—Renewal 5s,1912. .M&N §1J)% 112
L. Rock & Ft.S.—1st, 7s, 1905..J&J & 93% 94
Little R.& Mem.—lst,5s,1937.M&8 77% 78%
Long Island—1st M.. 7s, 1898.M&N 117
1st eonsol. 5s, 1931...............Q—J
Gen.M. 4s, 1938.................... J&D 92
92%
N.Y.&R’yB’ eh,lstg.5s,1927.M&8
100 %
2d mort, inc., 1927..................S
33
N.Y.& Man. Beach, 1st 7s,’97, J&J
no
N. Y. B. & M. B .,lst con. 5s, 1935
Brook. & Mon., 1st 6s, 1911.M&S
1st 5s, 1911........................ M&S 108
2d, 5s, 1938......................... J&D 102
Smith.& Pt. Jeff.,lst.7s,l 901M&8 107
L. I. City & Flu. 1st 68,1911. M&N
L >u’v.Ev.& St. L—1st,6s,1926. A&O
E. R. & E. Div., 1st, 6s,1821.J&J
2d mort., 2-6s, g., 1936................
H .T. C.& C, lst6s,g.,1927.A & 0
Consol. 5s, 1939..................... J&J
Louisv.&Nash v.—Cons.lst,7s,1898 113
Gecilian Br., 7s, 1907........... M&S 104
N. O. & Mobile. 1st 6s, 1930. J&J 117% 118
do
2d, 6s, 1 930.... J&J 108
E. G. & N., 1st 6s, 1919.......J&D 111
Geo 1 mort., 6s, 1930............J&D 115% 117
Lou’v.C.ALex.—1st,7s,’97 ..J&J 107% 108
2d mort., 7s, 1907..............A&O §121 122
Mem.& 0.,stl., M.,7s, g.,1901 J&D el 15 118
M.&Clarksv.,st’g,6s,g.,1902 F&A el09 113
Pensacola Div.,1st,6s,1920..M&S 107 112
St. Louis Div.. 1st, 6s, 1921..M&S 114%
do
2d., 3s„ 1980.M&S 62%
Nash. & Deo., 1st 7s, 1900.. .J&J 111 115
SO. <SNo. Ala., S.F. 6s,1903M&N el09 111
Ten-forty 6s. 1924................M&N lt)l%
50-year gold, 5s, 1937.........M&N 101
Unified 4s, g., 1940............... J&J 79% 79%
Pensa. & Atl.—1st,6s,gu,’ 21.F&A 105 109
Col. tr., gold, 5s, 1931___ M&N 100
S. & N. Al. s. f. 6s, 1910....A&O 100
Consol. 5s, 1936.................F&A 95
88
Nash.F.&8.1stgd. g.5s,1937.F&A 100 101%
L SV.N.A.& Chic.—1st,68,1910. J&J 108
Con. mort. 6s, 1 9 1 6 ..............A&O 100
General m. g. 5s, 1940........ M&N
80
82
Ind’ap. Div., 6s gold, 1911..F&A 104%
Lo’isv.N.O.&Tex.—lst.4s,1934M&8 »6
2d mort., ino ?>». 1 $4
’VT&S
R a il r o a d B o n d s.
3id.
Ask.
Louls.St.L.&T.—1st 6a,g.l917.F&A 93
94%
Louisville Southern 5s........... J&J
69
72
Macon & Nor.—lst4% s, 1990.M&S
Manhat. El., consol. 4s, 1990.A&O
......... — A&O § '....
Bond, scrip, 4s
Metrop’n El.—1st, 6s, 1908..J&J 114
2d 6s, 1899........................ M&N 105%
N.Y.Elevated.—1st, 7s, 1906. J&J
112 %
Maine Cent.—Mort. 7s, 1898... J&J
116
Exten. bonds, 6s, g., 1900...A&O
112
Cons. 7s, 1912....................... A&O
134%
Cons. 4%s, 1912.................... A&O
107%
Leeds & Farm’gt’n, 6s, 1896.J&J
106
Portl. & K.,Cons. M., 6s, ’95.A&0
105
Debenture, 6s, 10-20s. 1905.F&A
103
Maric.& Phoenix—1st 6S.1919.M&N
100
Mar’ta& N. G a .- let,6s,g., 1911 .J&J
80
Consol., 6 g., 1937......... ....J& J
40
Marq’tteHo.& O.—Mar.&0.,8s, ’92
102
6s, 1908...................................M&S
103
6s, 1923 (extension)............. J&D
101
6s, 1925 (Marq & West.). A&O
100 %
Memph.A Chari.—1st,7s, 1915.J&J
2d mort., 7s, extended, 1915. J&J
1st eonsol. 7s, 1915................ J&J 112 117
1st. cons.. Tenn. lien, 7s, 1915 J&J 117
Gold, 6s, 1 9 2 4 ...................... J&J 98
2d 6s, 1899........................ M&N
....
Mex. Cent.—Consol. 4s, 1911.. J&J "70%
1st con. inc. 3s, 1939........... July § 3 6 % 37
2d con. inc. 3s, 1939.............Julv § 21% ’ 22
Old 1st mort. 7s, 1911..........J&J
MexicanNat.—1st, 6s, 1927..J&D 94% ’ 97%
2d M., Ser. A, inc.,6s,1917... M&S 40
2d M.. Ser. B, inc.,6s,1917.. April
13
Mich. Cen.—Consol., 7s, 1902.M&N 122 122%
Consol. 5s, 1 9 0 2 .................. M&N
6s, 1909...................................M&S 118
5s, coup., 1931....................... M&S 111%
J&J
Mortgage 4 s, 1940........
J. L. & Sag.—1st ext. 5s.......1901 105 L05%
Joliet & N.Ind.,lst,7s (guar.M C.)
Det. & B. C., 1st 8s, 19i 2 ..M&N
Midd. Un. &Wat.Gap—1st,5s,1911 95 100
82
2d 5s, guar. N. Y. 8. & W., 1896. 77
Mil. Lake Sh.& W.—6s, 1921.. M&N 123% 125
Conv. deb. 5s, 1907..............F&A 106%
Ext. & Imp. s. f. g. 5s, 1929..F&A 107 107%
Mich. Div., 1st, 6s, 1924.......J&J 119% 120
Ashland Div., 1st 6s, 1925..M&S 122 125
Incomes, 6s, 1911............... M&N 105
St. P. E. & Gr. Tr’k, 1st, guar., 6s. 101
Mil. & N o —18t, 6s, 1 9 1 0.... J&D 111%
1st, consol. 6s, 1913..............J&D 111% 113%
Minn’p. & St. L.—1st, 7s,1927. J&D 116 120
1st M., Iowa City&W., 1909.J&D 116 125
2d mort., 7s, 1891...........
J&J 75
Southwest.Ext.,1st,78,1910. J&D 105 120
Pacific Ext., 1st, 6s, 1921.. A&O 96
60
Imp. & Equip. 6s. 1922..........J&J
90
Minn’p. & Pae., 1st, 5s, 1936. J&J e 86
Minn. S. Ste. M. & Atl.—1st,4s, 1926
96
J&J e 94
Consol. 4s, 1938.......
Mo.Kau.&T.—1st, g., 4s,1990.J&D 80% 81
2d, g. 4s, 3 9 9 0 ............
F&A 51% 52
K»ns. O. & Pao. 1st 4s. g. F&A .....« 76%
Dai. &Waco lst,gu.,5s,1940.M&N 88
90
Mo. Pao.—Consol. 6s, 1920...M&N 107%
3d mortgage, 7s, 1906........ M&N 114 117
90
Trust gold, f s, 1917..............M&S 83
84
Co), trust, *8,1920.........
F&A 83
Lexington Div.. 5, 1920...... F&A *102
101
Pac.of M o.,lstex, g.4s,1938.F&A
2d 7 h, 1«91....................... .J&J 104 105
Yer’sVy .Ind. &W. 1stos, 1926M&S t 99 ........
Leroy & C. Val., Is ,5«. 1926.J&J
Car..Br., 1 st, 6o, g. 1893....A&O
8 r. L. i ’ nMt. ASo.—1st,7s, '92.F&A i ’03% 104%
2d wort., 7s, g., 1 8 9 7...___ M&N 107
Ark. Br. 1. gr., M., 7s, g., ’ 95.J&D 103%
Cairo Ark. &T.,lst,7s,g.,’97.J&D 105 106
Gen. con. r’y & 1. g., 5s,1931A&0 85% 86
115% 116
Mobile &O.—1st, g’d, 6s, 1927. J&
1st Extension 6s, 1927........ Q—J
673a
Gen mort.. 4s, 1938____
M&S
St.L.& Cairo—4s, guar., 1931.J&J
103
Mont. & Eufaula, 1st 6s, 1909.. J&J
109
Morg’n’sLa.&Tex.,lst,6s,1920J&J
125
1st mort., 7s, 1918......... ....A& O
Morris & Essex—1st. 7s, 1914 M&N
Conv. bonds, 7s, 1900............ J&J
General mort., 7s, 1901.......A&O
133
Consol, mort., 7s, 1915......... J&D
102%
N ashua* Lowell—6s, g .,’93.F&A
106
5s, 1900...................................F&A
129
Nash.Chat.&S.L.—1st,7s,1913. J&J
110
2d mort., 6s, 1 9 0 1 .................J&J
Consolidated gold 5s, 1928.. A&O
102 %
New Haven & Derby—Con.5s,1918
New Haven &N., 1st 7s,1899.. J&J 116
Consol. 6s, 1909.................... A&O
102
N. J. Junction, 1st, 4s, 1986..F&A 10)
N. J. &N .Y.—1st, 6s, 1910...M&N 100
i07*
N. J.Sou.—1st, 68,1899 int.gu.J&J
N. O. & Northeast.—Prior 1.68.1915
N.Y. & Can.—£ M., 6s, g., 1904.M&N «114 116*
N.Y.C.& Hud.Riv.—Ext’dSs. M&N 10.% 104%
1st coup. 7s, 1903___
J&J 123% 123 %
0
Debenture 5s, 1884 1904...M&S 108
do
5s, 1889 1904...M&S 118 % 109%
do
4s, 1890-1905 .. J&D
S ceiling mort., 6s, g., 1903... J&J «120 122
N. fcOhio.& St.L.—1st,4s,1937. A&O 957, 96%
3>
N. i . & Greenw’d L.—1st M. ine. 6s 25
11
7
2a mortgage income, 6s...............
N. f& H ariem —7s,coup.,1900.M&N 121 121%
N. i Lack.& W.—1st,6s, 1921.J&J 124
¿i d, 5s, guar., 1923.............. F&A 109 ........
N, i . Lake Erie & Western—
1st M., ext. 7s, 1897........... M&N 114% 115
2d mort. extended,5s,1919. M&S 115
3d M. extended, 4%s, 1923..M&S 108
4th M. extend»**)
R a il r o a d B o n d s.
Price nominal. ^Purchaser also pays accrue J " tt rest, e In Louden, y Coupon oil. t In Amsteram. t In Frankfort Germany.
Bid.
Ask.
N. Y. Lake Erie & West.—(Cont’d.)
5th M., extended, 4s, 1928. J&D 101 102
1st cons. M., 7s, g.,1920....... M&S 135% 136%
1st cons, fund coup.,7s,1920 M&S 132 136
Reorganizat’n 1st lien, 6s, 1908 . 111 112
Long Dock mort., 7s, 1893..J&D 104
Long Dock con. g., 6s, 1935 A&O 119% i l 9%
New 2d cons.6s, 1 9 6 9 .......... J&D 1 (7 107%
Collateral Tr. 6s. 1922.........M&N 110 112
Funded couDon 5s, 1969___J&D 90% 93
Gold income bonds, 6s, 1977 ...
Chic. & Erie 1st 4-5s g. 1982.M&N 97%
48
Income 5s, 1982........................
49
Coal&RR. 1st, gu.,6s,1922.M&N
N.Y. &L. Br’eh— 1st, 5s, 1931. J&D
N. Y. N. H. & H .lstr. 4s,1903.J&D
108
N.Y.&North’n —1st g.5s,1927.A&O 105%
60%
60
2d gold 4 s, 1927..................
115%
N.Y.Ont.A W .-ls t.g ., 6S.1914M&S
Consol. 5s, g., 1939..............J&D i'oo%
N. Y. & N. Eng.—1st, 78,1905. J&J 121 121%
1st M., 6s, 1905............. ........J&J 112% 112%
2d m.,6s, 1902.......................F&A §IC6 106%
2d 6s (sealed—5 p.c. till ’92).F&A §105% 106
N.Y.Pa. & O.—Prior lien, 6s, 1895.. elOl 105
41
do
‘
1st 7s. 1905............. e 40
5%
2d mort. inc., 5s, 1910................ e 4%
2%
3d mort. inc., 5s, 1915.................. e 2
99
Equip. Trust., 5s,1908.........M&N e 97
106%
N.Y. Phil. & Nor.—1st, 1923 ..J&J
37%
Income 6s, 1933.................... A&O 35
N. Y., Prov. & Boston 7s, 1899.J&J
103
N.Y.S.&W.-lst refnd.,5s,1937. J &J
80
82
2d mort., 4%s, 1937............. F&A
85% 87
Gen. m. 5s, g, 1940............. F&A
Midl’d of N. J.—1st,6s, 1910,A&O 117 117%
Newb’g Dutch.* Conn.—Incs.1977
Norf. & West.—Gen., 6s, 1931.M&N 121
117%.
New River 1st 6s, 1932....... A&O
Impr. & Extern, 6s. 1934___F&A
Adjustment 7s, 1924........ Q.—M. 109
.Equipment, 5s, 1908........... J&D
•39
Clinch Y. D., 1st 5s, 1957....M&8 96
Maryl. & Washington Div. lstg ,
5s, 1941............................... J&J 78
79
Debenture 6s, 1905..............M&S
Norf’k&Petersb.,2d,8s, ’ 93.J&J 103
So. Side, Va., ext. 5-6s.......... 1900 100 108
do
2dM .,ext. 5 -6 s....l9 0 0 100
do
3d M., 6s, ’96-1900.J&J 100
Va.& Tenn., 4th M.,8s, 1900. J&J 111
do
extended 5s,1900.J'&J 100
92
93
100-year mort. 5s, 1 9 9 0 .......J&J
North. Pac. Coast 1st 6s........ M&N
North Penn.—1st,7s, 1896___M&N 111%
Gen. mort., 7s, 1 9 0 3 ..............J&J 125
Debenture 6s, 1 9 0 5 ............. M&S
Northeast.,S.C.—1st M.,8s,’99,M&S 119
2d mort.. 8s, 1899.................M&S 118
105 107
Consol, gold. 6s, 19--3..........J&J
Northern, Cal.—1st, 6s, 1907..J&J
ib o ’ T
Consol. 5s, 1938.........
A&O
Northern Cent.—
4%s, 1925.............................. A&O 104%
2d mort., 6s, 1900..................A&O 111% 114
Con.mort.,6s, g.,eoup., 1900. J&J 111% 112
110
Mort. bds., 5s, 1926, series A J&J
107
do
series B.............
116
Cons. M. 6s., 1904.................. J&J
Con. mort, stg. 6s, g., 1 9 0 4...J&J el09 111
Union RR.—1st, 6s, end. Cant.,’95 102
Northern Pae.—Gen., 6s, 1921.J&J 115 115%
Gen. land gr.,2d, 6s, 1933...A&O 113
Gen. land gr., 3d, 6s, 1937...J&D 107% Ï08
78% 78%
L. G. con., g. 5s, 1989 ____ J&D
Dividend scrip ext. 6s, 1907.J&J 100
102%
Pen D’Oreille Div., 6s, 1919..M&S
........
Mo. Div. 6s, 1 9 1 9 ................. M&N 163
James Riv.Val.—lst,g.,6s,’36J&J 104% 105
Spokane & Pal.,1st 6s, 1936.M&N 100
Helena* Red Mt.lst,6s, 1937M&S
103
Dul. & Man., 1st, 6s, 1 9 3 6 ...J&J L o
_ 103
Dak. Ext., 1st, s.f. 6s, 1937.J&D
No.Pao.& Mon., 1st,6s, 1938.M&S 101% 102
Coeur d’A l.,lst,g ., 6s, 1916.M&S
103
do Gen. 1st g., 6s, 1938...A&O
101
Cent.Wash’n, 1st g.6s.1938. M&S
79% 80
Ch. &No. Pac. con. 5g.l940.A & 0
106%
North. P. Ter. Co.—1st, 6s, ’33.J&J
N. W. Gr. Trunk 1st, 6s, 1910 .J&J 107
95
N. W. Nor. Car. 1st 6s, 1938..A&O 88
Norw’h &Wor.—1st M.,6s.’97..M&S §......
Ogd.& L.Cham.-Cons.6s,1920. A&O *104 106
29
31
Income, 6s, 1920.................
Ohio I. & W.—1st pfd.5s,1938..Q-J
113
118
Ind. B l.& W —1st, pf.,7s. 1900.
O. & Miss.—Cons., s.f., 7s,1898. J&J 114
Cons, mort., 7s, 1898.......J & J 110
2d consol, mort., 7s, 1911...A&O 116
lst.Springi. Div., 7s, 1905..M&N 110%
91
1st gen., 5s, 1 9 3 2 .... .......... J&D
Ohio River RR.—1st, 5s, 1936.J&D
"9 6 "
Gen. gold, 5s, 1 9 3 7 ............A&O
Ohio Southern—1st 6s, 19 2 1...J&D ^07 107%.
Gen. M. 4s, 1921................... M&N 62% 64
Ohio Valley- Gen.M.,5g.,193fc.J&J
old Colony—os, 1 8 9 7 ............F&A §lt»8 % 110
6s, 1 8 9 5 . . . . . . . . . . . . . . . . . .....J & D 5104% lu6
78, 1894 ................................. M&b §106 % 107
§1 4 l t 4 %
4%s, 1897..............................J&D §lo2 163
102%.
4s, 1938.............................,...J &
B. C. F. & N. B., 5s, 1910 ..J&J §110 112
N. Bedford RR., 7s, 1894 .. J&J §104% 106
58
Omaha & St. L.—1st, 4s, 1937..J&J
Orange Belt—1st M., 5s, 1907
98
Oreg.&Cal.—1st 5s, 1927...... J&J
Oreg. R’y & Nav.—1st 3s, 1909.J&J 10ti% ......
93
Consol, mort. 5s, 1925 ----87
Collateral fruwt s, 1919— Mo&j 80
Osw.&Rome—IstM ., 7s, 1915.M&N 121
101
O x.& O la rk .— 1st, p.& 1. gu. ts.M&N
100
st i utereat ssiiH.rv. t s ‘ 9 3 7 .. "
January
THE
16, 18i>2.|
113
CHROM CLE
GENERAL QUOTATIONS OF STOUKS AND
BONDS— U o n t i n u s d .
F o r E x p la n ation s See Notes at H ead o f First Pas?e o f Q u otation s.
R a il r o a d B o n d s .
Bid.
Ask.
R a il r o a d B onds
Bid. Ask.
R a il r o a d
and
M is c e l . B o n d s .
Bid.
Ask.
Wabash—Continued.
St. L. Yand. & T. H .—Continued.
elC6 108 S
Panama—Sterl’gM.. 7s, g. ’ 97,
83%
2d gold 5s, 1939.................... F&A 83
2d, 7s, guar., 1898............... M&N 108
Subsidy bonds, 6s, 191o---- iyusjji e 9-5 .00
107
Deb. mort., series A, 1939...J&J
......
3
3t.
P.
&
Duluth—1st,
5
s,
1931.
F&A
Penn.RR.—Gen.M, 6s, c, 1910. J&J 131
4e
49
Deb. mort., series B. 1939...J&J
2d mort., 5s, 1917.................A&O 102
.22%
Gons. M., 6s, op., ’ 05.J. 15 & D. 15
(r.est.& R.),7s.M&8 107
.07 St
8 P.Minn.&Man.—1st 7s,1909 J&J
..... S6.L.K.C.&N.
Collateral trust, 4 % s,1913.. J&D 106
106%
do
St.
Cha’s
Bridge
6s,
1908
i
l
6%
2d
6s,
1909............................
A&O
113
Consol. 5s, cp.,1919..............M&S
do No. Mo., 1st, 1895...J&J 106
Dak. Ext., 6s. 1 9 1 0 ............. M&N 116
Equip. Tr. 4s, series A ..........Q—F 92%
West Chester—Con. 7s, 1891..A&O
1st oonsol. 6s, 1933 ............. J&J 116
Penn. Co., 6s, coup., 1907..Q.—J It. 3%
97%
W.
Jersey
& At. 1st M.,6sl910M&S 103
98
1st consol.,reduced to 4 %s ..J&J
L05%
Penn. Co.1st M.,4%s,1921,r.J&J
West Jersey—1st, 6s, 1896.......J&J 105
Montana Ext., 1st, 4s, 1 9 3 7 . J&D 88%
Penn.& N.Y.Can.- 1st. 7s, ’96. J&D 108
122
110
1st M.,7s, 1899......................A&O
Mian’s U’n, 1st, 6s, 1922___J&J
1st mort., 7s, 1 9 0 6 ............ ..J&D 121
West Shore—Guar. 4s, 2361. ..J&J 102 ; m rv
Montana Cent.—1st, 6s, 1937J&J 112% 113
100
& RR. consol. 4s. 1939.......... A&O
100
WestVa. C. &Pitts—1st,6s, ! 911J &J
East’n, Minn., 1st,g.,5s,1908. A&O
Penn. & N. W .-5 s, 1930..........J&J
West. Va.&^itts.—lst5s,1990. A&O
-Gen.6s.1923. F&A 119
e o " St.P.&No.Pao.
s
Pa. P. & Bost.—1st, 6s, 1939.. J&J 50
West.Maryl’d—3d en.,6s, 1900. J&J 112
4an Ant.& A. Pass.,1st,6s,1916. J&J 61
Pens.& A tlantio-lst. 6s,1921.F&A
99%
61
West. N.Y. &Penn—lst.5s,1937J &J
1st,
6s,
1
9
2
6
.
.
.
.
.
.
.
.
.
..
.
.
.
.
.
.
.
J&J
Peo. Deo. & Ev.—1st, 6s, 1920. J&J
34
2d m., 3s g.—5s so. 1927— A&O
98
2dmortgage, 5s, 1926..........M&N *70% ........ sSanF.& N.P.—lst,5s,g.,1919...J&J 118
_...
108%
Warren
&
Frank.,
1st,'7s,:
’
9
6
F&A
9
3anduskyMansf.&N.—1st, 7s,1909
Evansville D iv.,lst 6S.1920.M&8 105 108
90
95
W’n No.Car-Con.6s,guar.l914.J&J
80
Peo.& Pekin U r. —1st,6s,1921.Q—F 110 ........ sSav.Am. &MoD.con.,6,g.,1919.J&J 79
FI. & W.—1st, 6s, 1934..A&O 109 110% West’nPenn.—1st M., 6s, ’93.. A&O 103
a
2d mort.. 4%s, 1 9 2 1 ..........M&N 68 . . . . .. 3av.
Pitts. Br., 1st M., 6s, ’96.......J&J 103% ......
At. & Gulf, con. 7s, 1897 ....J& J 106 107
Perkiomen—1st ser. 5s, 1918 Q—J 102%
Gold 4s. 1928.......................... J&D
So. Ga. & F la —1st, 7s,l899.M&N 106 108
2d series 5s, 1918.............—Q.—J
.......
105
108
Wheeling
& L. Erie—1st,5 s,... 1926 103 .........
2d,
7s,
1899.......................
M&N
102%
Petersburg -Class A, 5s, 1926. J&J
105
78%
79
Wheel. Div., 1st, 5s, 1928___J&J
Sciot.V.&N.E.-lst,g.,4s,1989.M&N
106 ........ £
Extens. and Imp. 5s, 1930..F&A 95%
Seaboard & Roan.-- 6s, 1916..F&A 101
Phila.&E.-Gen.guar.,6s,g.,’ 20.J&J 125% ........ 3
115
100
Wilm. Col. & Aug., 6s, 1910 ..J&D
5s, coup., 1926......................J& J
113%
100
;3eat.L.8.&E.—lst,gold.6s,’31.F&A __ 94% Wilm. &No.—1st. 5s, 1907-27. J&D
Wilm. & Weldon—7s, g., 1896.. J&J 108%
114 ........ ;Sham. Sun. & Lew.--—1st, 5s,’ 12 M&N 105
5s, 1935...................................J&J 110 % L12
lv 3 125
s8ham.V.& Potts.—7s, cou. 1901 J&J —
......
Winona&S.W.—lst,63,g.,1928.A&0
Shreve. & Hous.—1st, 6s, gu., 1914
105 ........ S
92%
Wlsoon.
Cent.Co.—lst,5sl937.J&J 90
129
Sodas
Bay&
So.—lst,5s,g.,1924J&J
129% 3
Consol.M.,7s,1911, reg.& op. J&D
42%
Incomes, non-cum., 5s, 1937.......
35
So. Cen. (N.Y.)—Consol, mort., 5s.. 20
........ É
Consol, mort., 6s, 1911........ J&D
1C4
Wore.
Nash.
&
R.—5s,
'93-’95.
Var.E§101%
107%
i
t
5
So.
Carolina—1st
M.,6s,1920..A&O
........ !
Improvement mort.,6s, ’97
102
Nash. & Rooh.. guar..5s.’94.A&O §101%
98
103%
2d mort., 68,1931.................J&J
21
21% M IS C E L L A N E O U S BOKDS.I
Income 6s, 1931...................
Deferred income 6s............. .
Amer.BellTeleph’e -7 s , 1898.F&A §113 113%
*3% 83% a
So. Pac..Ariz.—lst,6s,1909-10.J&J 102
New gen. mort., 4s, 1958...
Am. Cot. Oil—M. g. 8s, 1990..Q - F 107 107%
So Pao.Cal.-lst,6s,g.,1905-12 A&O 112
74% 75
1st pref. ino., 5s, gold, 1958
100
Am.WaterW’sCo.—1st 6s,1907. J&J
58%
1st con. g, 5s, 1938.............A&O
2d pref. ino., 5s, gold, 1958---- F 58
1st con. gold 5s, 1907............J&J
39
.......
39% So.
g Pac. Branch—6s, 1937___A&O
Amer. Steamship—6s, 1896...A&O 106%
39
So. Pao. Coast—1st gu., g., 4s, 193
102
Booneville
Rridge 7s, 1906...M&N
103% 104% So. Pac.. N. M.—1st, 6s, 1911 .J&J
100 100% Spok.Falls
g
&N.—1st 6s,g.,1939. J&J § ....... 100 Boston & Montana—7s, 1898..J&J §101% 102
Phila. Wil. & Balt.Bost.
Un.
Gas—5s,
1939, r.reo.J&J 90
108 109
State
g
L. & Sul.—1st 6s, 1899... J&J §1C0 .....
CahabaC’lMin.—1st g.7s,1907. J&J 108 112
104 106
g
Stat.
Isl. R. Tr.—lst6s,g.,1913. A&O
Ches.&Del.Can.—1st5s, 1916 J&J
2d mort. guar. 5s, g., 19 2 6...J&J
........ 1(0
Ches. & Ohio Canal—6s ______J&J
Steuben. & Ind., 1st 5s, 1914..J&J 104
100
Pied. & Cumb.Chic. Gas L. & C.—g. 5s, 1937..J&J 84% 87%
........ ........ Sanb.Haz.&W-B.—lst\5s,1928M&N
105
98
Chic. June. col. g. 5s, 1915— J&J 94% 95
109
2d mort., 6s, 1938, reg.......M&N
103
Colorado Coal & I—6s, 1900.. .F&A
110% Sunb. & Lewistown, i 8,1896..J&J 107
Pittsb. <4.& Tol.—1st, <
110%
Col.&Hock.C’l& L’n—g. 6s, 1917. J&J 94 ......
114%
111% 112
Susp. B. & Erie Juno. -1st 7s, 1900
29
25
el29 131
..... Comst’k Tun.—1st In. 4s,1919.M&N
Syc. Bing.&N.Y.—eonsol.7s,’06A&0 127
Consol. Gas, Balt.—6s, 1910. .J&J 110% ......
137% ........ 1
SyracuseSc. R’y.—1st.5s,1920. J&J
96% 97
Consol. 5s, 1939 ................... J&J
135
Terre H. & Ind.—1st, 7s, 1893 A&O
Consolid. Coal—Conv 6s,1897.J&J
130 135
Consol, mort., 5s, 1925.......... J&J 102 %
Denv.City Water Co. 5%g.’ l0.M&N
115 117
Terre H. & Log’pt.—lst,gu.,6s,J&J 102
Edison Elec, III. Co.—Isis. 5 s .. 19 10 99% ...••at.
100
1st and 2d, 6s, 1 9 1 3 .............J&J1 100
Pittsb. & Lake E.—2d,5s
Eq,G’r&F.,Chic—lstg.6s,1905.
J&J 96
120
Tex.
Cent.—lst,sk.fd.,7s,1909M&N
Pittsb. McK.& Y.—1st,6
G rd R.C1.& C.—1st g.6s,1919 A&O
92*s 95
1st mort., 7s, 1911................M&N
Pitts.Pain.&F.—lst,g.,c
Henderson Bridge—6s, 1931..M&S 109 112
........
Texas & New Orleans—1st,7s.F&A 110
Hoboken L. & Imp. 5s, 1910..M&N 104 105
Sabine Div., 1st, 6s, 1912...M&S 104%
81% 82
Iron Steamboat Co.—6s. 1901. J&J 75
I ........
Tex. & P.—East.D.lst6s,1905.M&S 100
83%
82%
I
Laclede Gas, St. L.—5s, 1919.. Q—F 83
83
no
1st gold, 5 s, 2000.................. J&D
J §U 2 112%
2d gold ino., 5s, 2000............ Mch 30% 31% Lehigh C. &Nav.—M.4 %s, 1914. Q—J 108
107%
RR. 6s, 1897..........................Q—F
[ 104 107
Third Avenue 1st 5s, 1937...... J&J 110
Port Royal & Aug.Convert. 6s, 1894.................. M&S 103
93
Tol. A. A.&Cad.—1st,6s,1917. M&S 90
J 120
Inoome mort., 6s
Mort. 6s, 1897..................15 J&D 110 ........
Tol. A. A.&Gr.T.—1st,6s,1921.J&J 111
) §103 104
Ports.Gt. F. & Con.Consol, mort. 7s, 1911........ J.&D 126%
j ........
Tol. A. A.&M.P.—1st,6s,1916. M&S
Gen. mort. 4%s, 1924..........Q—F 101
Toi.A.Ar.&N.M.—lst,6s,1924.M&N 111
J .......
50
Man.
Beh H.L gen. 4sg.1940 .M&N 48
87
) ........
1st consol. 5s, g. 1940........ ..J&J
Min’p’s St. R’y 1st con.5s, 1919 J&J
Tol. & Ohio Cent.—1st, 5s, gu.1935 103%
Raleigh & GastonIf ........ 118
_
105%
Mut.
U
n.
Tel.—Skg.fd.
6s,1911.M&N
Tol. & O. C. Ext.—1st, 5s, g., 1938.
4 140%
101
Nat.St’rchMf.Co!-lst,g.tis,’20.M&N
J 103
Do do guar— .......................
New Eng. Telephone, 6s,1899. A&O §102 103
99 103
Marietta Min., 1st, 6s, g., 1915..
1 93
95
19
New Orleans Pac.—la n d grants... } 15
J 82
82% Tol.Peoria&W —1st,4s,1917....J&J 77% 79
92%, N.Y.&Out. L’d—lstg. 6s,1910 F&A
Tol. 8t.L.&K.C.,lst,6s,1916.. . J&D
3 e 83
85
N.Y. & Perry C. & I. 1st g.6s, 1920
Troy & Boston 1st 7s, 1924.. J&J § i. 102
Ulster & Del. con., 5,1 92 8 — J&D* 99% ioT Northw’n Telegraph—7s,1904 J&J
> ......
99 101
Ocean SS. Co.—5s, 1920..
V 105% ........ United Co’ sN.J—Gen.6s,1901.M&S §119 120
Rich. & Rerersb., 6s,
Oregon Imp. Co —1st 6s, 1910. J&D 100 100%
do
gen. 4s, 1923....... F&A 102
Rich. York R. & Ches., 1st 8s, 18yi4 102
i
65% 07
Consol.
5s,
1939..................A&O
107%
MAS
do
gen.
4s,
1929.......
100
%
2d mort., 6s, 19 0 0.............M&N 97*2
64.
Penn. Canal—6s, 1 9 1 0 ..... ...J& J
sterling do
6s, 1894....... M&S
94%
Rioh.& West Pt.Ter., 6s, 1897.F&A 93
103
Penn.
Steel—1st
5s,
1917.....M
&N
do
6s,
1901.......
M&S
Con. col. trust, 1st, 5s, 1914.M&S 66
663s
People’s G.&C.Ch.-lst,6, g. ’04.M&N ....... .
RioGrande W est.,Ist4s,1939. J&J 77
77% Union Pacific—1st, 6s, g, 1896.J&J 106%
98%
2d
do
1904 ...............J&D
1st, 6s, 1897.......................... J&J 107% 108%
Rio Gr’de Juno.lstgu.5s,1939. J&D
Peoria Water Co. 6s, g., 1919.M&N 100
1st, 6s, 1898...............
J&J 109%
Rio Gr. South.—1st, 5s, 1940.J&J
o
i
97%
Pleas.
Val.
Coal
1st
6s
g.l940.M&N
110
%
1st, 6s, 1899.......................... J&J
Route & Oarrollt.—1st, es, g., 1916
60
Po’k’psie Bridge—1st 6s,1936 F&A
Sink. F., 8s, 1893................... M&S 107% 108
Rome Wat’n <&0.—
Proctor
&
Gamble
1st
6s,
1904—
........
el07
111
O n. Bridge, sterl. 8s, g., ’ 96.A&O
Consol., extended 5e, 1922. A&O 113% 114
St.L B’dge&Tun.—Ist7s,1928. A&O
96
Collateral crust, 6s, 1908---- J&J
Rut ana—1st M., 6s, 19 0 2....M&N 109% 110
Tenn. Coal Iron & R —
88
Collateral trust, 5s, 1907---- J&D
Equipment, 2d 5s, 1898.......F&A § 99% 100
91%
90
Tenn. div. 1st 6s, 1917.---- .A&O
Collateral trust 4%s, 1918. .M&N 72% 74%
St. Jo. <k Gr. Isl’d—1st,guar.6s,1925. 94
91
Bir. div. 1st con. 6s, 1917....J&J
Gold i s col. t’st notes, 1894.F&A 97% 97%
2d mort., incomes, 5s, 1925____
32%
W’n Un.-D e b . 7s, 1875-1900.M&N 115 120
Equipment Trust 5 s .........A & O t 94*»
Kan. C. & Om. 1st 5s, 1927..J&J
Deben.
7s,
1884-1900..........M&N
107%
Kane. Pao., 1st, 6s, 1895---- F&A
St.L. All. &T.H. 1st M.,7s, ’94.Var
Collat. trust cur. 5s, 1938... J&J 101 io i%
do 1st M., 6s, 1896....... J&D 108
2d mort., prer., 7s, 1894___ .Var 107% 110
Woodst’ck Iron—lstg.6s, 19 LO.J&J
do Den. Ext., 6s,1899.M&N 108
2d income, 7s, 1894...........M &N 106
8
1 0 C K 8 - R A I L U 0 A D . Par.
109
1
9
do
1st
cons.
M.,68,1919
M&N
50
55
Div. bonds, 1 8 9 4 ....................... .
9%
Aia. Gt. South.—A., 6s, pref.,. £10
Oen.Br.U.P—A.&P.P.6s,’ 95 M&N ICO
BeUev.&b.Ill.,lst,S.F.8s,’96.A&<) 110
3%
B,
common------- ------------... .£10
100
Fund,
coupon
7s,
1895
...M&N
110
Bellev.& Car., 1st 6s, 1923..J&D
àia. N. O. & Pao., &o., A, pref.£10
1%
Atoh.Col. &P.,lst,6s,1905Q.—F 82
102
Ch.St.L.A Pad., 1st,g., 5s, 1917..
do
do
B,
def.
£10
%
At.J.Co.& W.,1st,6s,1905.Q,—F
84
St. L. South., 1st, 4s, 1931..M&S 81
35
Alabama & Vicksburg—
U.P. Lin. & C., lst.g.,5s’ 18A&0 78%
do 20, income- f, 193 t .. M&S 65
J.OZ
Albany
&
Susqueh.,
Guar.,
7...101
81
Oregon dhcrt-L. & U. N. Consol
81%
Carb. &Snaw.,lst g.4s, 1932. M&S 80
Atchison Topeka & Santa F e...100
100 43% 43%
Collat. Trust 5s, 1 9 1 9 ---- M&S 80
St.L. So. W. 1St,g. 4s, 19 8 9...M&N 7 i % 71%
.100 89
91
Atlanta & Charlotte Air Line ..100
OregonShort-L., 6s. 1922 .. F&A 106% 107
2d,g., ino. 4s. 1989.....
J&J 3 o % 30%
.100
Atlanta & West P o in t...... ....1
0 0 xlOO lu2
Utah So., gen., 7s, 1909......J& J 102
St .Louis a, tan * ranchco—
.10c
5%
5
Atlantic
&
Pacific......................
10c
do Ext,1st,7s,1909 J&J 100
2d 6s, cl. A, 1906.......... . ....M&N 112
L24
Augusta & Savannah, leased....100
100
Utah & Nor.—1st M. 7s,1908.J&J 105 110
2d M., 6s, oiass £ , 1906.....M&N 112
.100
83%
88
Baltimore
&
Ohio.......................
100
Gold os, 1926................... ..J&J
2d M., « s, class C, 1906___M&N 112
do
1st pref., 6 ___ .IOC
10( 129
U.PDen.&Gulfcon.,5.g,1939. J&D 76
76*4
1st m. Mo. & W. 6s, 1919 ...F& A el 07 117
_m
do
2d, pref............100
100 115
U. &B1. R.—Con. 4s, g, 1922..J&J lc-0%
Equipment 7s. 1895...............J&D
5
4%
Balt, & O. S. W.—pref............... 10i
Utica Ciin.&Bing.lst 5,1939...J&J 108
General mor '.. es, 1931......... J&J lu7
Beech Creek, guar..................... 50
105
Valley of Ohio—Con. 6s, 1921.M&S
General mort.,5s, 1931......J & J
95
.100
13o
Belleville
&
So.
111.,
pref..........
100
Vev.
&
Mass.—Guar.
5s,
1903.M&N
106%
1st trust, g., 5s, 1987............A&O 75
106
85
100 199% 200
.. ... Boston & Albany.........................100
Kan. C. &»w., 1st,os.g-,1916..J&J
Vicksb. Sh. & Pac. -P rior lien, 6 s ..
.101
Boston & Lowell................
10i 173 174
Va. Midl’d.—1st ser., 6s, 1906. M&S r i è *
Ft.S.& V.B.Bd.,lst.6s, lulO.A&O
Boston & Marne................ - ........101
101 161 162
8t.L.K.&So.W. -1st 6s, 1916M&S
2d series, 6s, 1 9 1 1 .........— M&S 116
145 448
do
do
Pref.......
110
Kansas Mid.—1st, 4a, 1937.J&D! .......
3d series, 6s, 1916................ M&S 109
_,
.10i
Boston & N. Y. Air-Line, pref ..10i
St. Louis Salt in & Arkansas-as. t .>1
4th series, 3-4-5s, 1 9 2 1 ......M&S 78% »5
250
248%
Boston
&
Providence.................
101
St. L. VV. & W., 6s, 1919.......M&S tl07
5thseries, 5s, 1926..............M&S 103
Boston ReVere Beach & Lynn...101
101 x l5 0
Sc. m. Vand. & T. H.~
•General 5s, 1936.................. M&N 78% 82
Brooklyn Elevated.....................100
IOC 29 ........
78% 82
do
guarani eed, stamped...
1 stM..7s,’ 97........................... J&JI 111 111%
1
41
1035» iOSTft Rnefglo
_______________________
.41%
2d "«■■+ 7s. 1«6
Price nominal. § Purchaser also pays accrued interest, e in London ||Coupon off. « Price per share. ,t In Amsterdam
{ In Frankfort. jjUflf
114
THE
( J ïïîn E íiA .L i
C H R O N IC L E .
[V ol. LIV.
QUOTATIONS OF ST00K3 AND BOND3— C o n t in u ed
lea d o f F irst P a v e o f Q u ota ti*
Bid.
Ask.
Bid.
A sk.
Miscel. Stocks .
Bid. Ask.
M is c e l . S t o c k s .
Bid. Ask.
Lehigh Valley........ 5 0 » 50%
St. L. Van. A T. H.10C T5
Buff. Rocli. & P. ,p£. 100 79%
76
Pittsburg
Gas
C
o
...50
»
74
167
45
B. O. R. ANortn _.100 37
Sc. Paul A Duluth.IOC 46 % 47% Portland, Me., G. L.50 80
Little Miami........... 50 1661a
85
61
22
14
California Pacific. 100
Little Schu’k’l........ 50
Do
do
Pf.lO( 104 106
St. Louis. Laclede. 100 22
23
»a
Camden & Atlantic.50
St. P.Minn. A Man.lO( 115 116
Long Island............ 50 95*2 97
_ ,
do
pref.100 -----30
do
do Pf.50 25
Shore Line............. 100 8167
Lou. Evans. A St. L.100
Salem, Maas.......... ioo! 85
86 1
Canada Southern. 100 60% 60%
do
Pref.100
South Carolina___100
4% San Francisco Gas ..." 61% 64%
3%
Ca ladian Pacific. -100 92^5 94% Louisv. A N ashv..l00 80% 81
South. Cal. pref....100 . . . . ..
Wash’ton Citv G. L 20 411« 417a
9
CUtawiBsa............... 50
Louisv.N.A.AChic.lOO 28 7e 29
Southern Pac. Co.. 100 40
40% N .Y . & B I l’ K L Y N
do
1 st pf..50 8 59
Louis. St L.A Tex.100 17 ' 17% 3’west., Ga., g’d, 7.100
103 »a
H ORSE R R S .
5
do
2d pref.. 50 s 5678
Louisville South’n. 100
7 Local Securities in
Summit Branch.Pa.50 8 5%
85
Cedar F. & Minn... 100
Mahoning Coal RR.50
Sunh’ry A Lewist’n.50 8.. ....
C h r o n ic l e each week
115
91is
Cent, of Georgia... 100 83
do
Pref.. 50
Terre H. A Ind’nap.50 94
97
except Sri o f month.
38
17
Central Mass.........100
Maine Central....100 116 117
Texas A Paciflo ... 100 1 2 % 13
TELEGRAPH.
Tol. Ann Arbor A N.M 26»« 26%
do
pref. 100 35% 36% Man. A Law’ce___100 227 228
...... 81%
Cent, o f N.J.......... io o 113 115
Manhattan, eon...IOO 105 »a 106
Tol. A Ohio Cent’1.100 45
48
125 135
30
Central Ohio............50 ( 53
Marq. H. A Ont.. .100 15
87
do
Pref... 100 82
150
60
do
P ref..100 90
do
P re f...50
Tol. Peor. A West.100 19% 20%
25
34 is Maryland Central..50
Tol.St.L.A K.City.. 100
9
Central P a cific.... 100 34
10 1
98
Central of So. Car..50
Masaawippi..........109 116 " 117
do
pref.. 100 23
24%
195
205
10
20
Char. Col. A Aug.. 100
Memph.A Chari....25 25 ___ U. N.J. RR AC. Co.100
85 __rM
Ches. & O.-Vot. Tr. cer 273s 27% Mexican Central ..IOC 22
Union P acific.... .100 43% 48 7«
50
65
6178 62
»
do
lstpf.lO t
MexicanNat., T.R.100
Un. Pac. Den. A G. 100 23
23% Postal Tel. Cable.
37
40
42ii Michigan Cent___100 IOS" 106“ Utica A Black R iv.l 00 133 135 i
do 2 d pref. 100 42
85
75
Chicago & Alton.. 100 139 145
Mil. Lake S. A W .. 100 92»a 94
Vt.A Mass.,l’sed,6 .100 136% 137
83% 84
do
pref. 100 160
Virginia Midland.. 100
do
pref.100 132% 134
TELEPH ONE.
70
Chic. Bur. A Quin. 100 108 108% Mine Hill & S. H ....50
69
Wabash R R ........ 100
14
14%
205 206
691« MinneapA St.L... 100
9% 10
Chic. A East. 111... 100 68
do
p ref..100 31% 31% E rie.
45
46
do
pref. 100 991* IOO»«
do
P ref... 100 21** 23
......
Warr’n(N.J.).l’s’d,7.50 143
O
C
ï
I
a
811« Mo. Kan. & T.............
Chic. Mil. & St. P.100 81
72%
West End (Best.)...50 s x '2
1 1 0 i-20
do
pref.. 100 122? 12^%
do
p ref... 100 32% 32%
do. pref. (Bos.) 50|sx34% 85
93% 95
Chic. A Nortnw’n.100 1171, 1173s Missouri Pacific... 100 63% 637g ¡VestJersey....... ...5 0 1» 57
5S
52
51
140%
39»« Vest Jersey A Atl... 50 s........ 21
142
Mobile A Ohio.......100
do pref., 7.100
35o. 45o.
16 M organ’s La.ATex. 100
Chic. & Nor. Pac 100 15
Vestern Maryland.50 8 11
T
R
U
S
T
CO’
S
Chic. R. 1. & P ac..100 92% 93
Morris A E’x, gu.,7.50 1 J3% 145
West. N.Y.A Penn. 100 8 8% 15 1 tn. Loan A Trust.l
...... 10
93
Nashv.Chat.A St. L.25 90
Wheel. A L. E .......100
G.St.P.M.AO.,comlOO 47% 48
37»a 38% Atlantic................. 1
400
do
pref. 100 110 115
Nash. A D ecatur...25
do
pref.100 77% 78%
430
Ohio. A West Mich. 100 50% 51»a Nashua & Low ell.. IOO 201 203
........ 11
Wil. Columbia A A.l 00
1000
Cin. Ham. A Day. 100 121 125
____
Naugatuck.......... .100 s244% 247
Wilmington A Nor..50
...... 545
Cinc.N.O.A T.Pao.100 571* 61
N’squehoning Vall’y50 8........ 55
Wilm. A Weldon, 7.100
.....J
730
Cin. Sand. A C.pf. 50 57% 59
NewH’n A North..100 s 87% 89
........ Franklin....
Divid’nd obligations
230 250
Cinein. A Spring.. . . .
.
New London Nor.. 100 145
Wisconsin CenCColOO 19% •¿0
175
CtteveLAk. & Col. 100 t 27
N.Y.Cent.A H.Riv.100 115 i'l5%
50
do
Pref. 100
187
6ia
21
7
Cleve. A Canton.. 100
N.Y.Ch.ASt.L.newlOO 20
120
Wor.Nash.A Roch .1 0 0 x a s
175 180
221«
81
„
do
pref. 100 22
78
do
1st pref.100
CO AL & M IN IN G
200 220
Clev. C. C. & St. L.100 73 14 73 »« do
42
43%
2d pref.100
S T O C K S , N .Y .
115
N. Y. A H arlem ___50
do
pref .1 0 0
85
90
American Coal........ 25
Mercantile.......... IOO 290 300
Cl. & Pitt.,guar., 7 . 50 151% 156
N.Y.Laok.AWest...lOO 108»«
3
]
Cameron Ir.A Coal 100
250
1%
25
Col. & GreeD.,piei.lOO
N.Y.L.ErieA West.100 32»« 32% •Colorado Coal A 1.100 37% 33
160
Col. H. Val. A Tol.100 301« 31
72% Col >rado Fuel. n f..l0 0 90 1 0 2 % ;
72
do
Pref.lOf
700
Pref.subs.2 d ins. p’d 65i$ 66
50»« 50% Col. A Hock.O. A 1 .100 16
N.Y. A N.England.lOi
17
195 202%
OoL&Xen.,gu.,b 2B 50 178 182
do
Pref.iOi 108»« 109
30
Consol.Coalof Md .1 0 0 26
212
Con. A Montreal—
N.Y.N H.A Hartf.lCi 225 230
13
Homestake Mln’g.100 12
155
N.Y. A North., com . 10( Cl.I (B.C.&M.pf.lOO 135 137
20
15
Lehigh A Wilkesb.Coal
190 200
Class IV. (Cone.) 100 165 1651«
20
do
pref. 101
19
25
1
24%
780
Maryland Coal___100
Con.APorts.,gu .,7 100 140 150 N.Y. Ont. AWest-.lOi
20»« 20% Minnesota Iron.... 100 81
83
1
790
Conn. & Passuinp. 300 122 1221« N. Y. Pa. A O ..............
12
1% New Central Coal .100 11
1%
Ï75
Connecticut River 100 225 226
do
p r e f......
45% M ISC’ L L A N E O C S
2»a 3
Ontario Sil. Min’g.100 44
Cons, of Vt., pref 100 33
35
N. Y. Phil. A Norf.luo
STOCKS AND
Pennsylvania Coal. 50 289 3v0
71« 15
Current River.......lo o
N.Y. Prov. A Boat. 100
4
5
TRU STS.
Quicksilver Min’g.100
Danbury A Norw’lk.50 s 54
56
N.Y.Susq. A West’ulOO 1178 12
23%
do
prei.100 22
147 150
Day. & Miob., gu.. 50 76
do
Pref.100 49
49% Tenn.CoalAIronColOO 42% 43
44
47
N. News AMiss.Val.Co 15% 18
Am. Cotton Oil. ...1 00
35
35%
do
pref.100 93 100
« , £ ?, Pf -»g«-.8.50 175
Del. A Bound Br’klOO
Norf.AWest,, com .100 16
17
do
pre
65% 66%
E L E C T R IC
Delawaie & H ud..l0C 125 126
do
pref.100 52% 53»«
loan Expre
117 119
L IG H T , A c.
Del. Lack. A West. 50 140 140H No. Pennsylvania..50 s 83»a
Amer. Sug.Ref, Co.cts.. 82% 83%
Brush, Balt............100
69
Dei. & New Eng...100
Northern Central... 50 s 67%
30
do
pref.cts..
2)
91% 92
Consolidated........100
Denv. & Rio Gr...,100 161« 171« .Northeastern..........5v 8___ ___ _ Con. Elec. Storage......
Am. Tobacco Co., pref
4
97
1
do
pref.100 451« 46% Cortbern N. H.......100 13 )% 13s
Aspinwall L a n d .... 10 8 9%. 10
94
Edison Gen. Elec. 100 92
7%
Des M. & Ft. D’ge.100
8 % North’n Pac., com . 100 23% 23% Edison 111. Co. of N.Y. 81% 82% Boston Land............10 8 5%
6%
20
do
pref.100 18
do
Pref.100 67% 67%
Boston Water Pow er.. » 3%
3%
78
“
“ “ Bklyn
73
Det. Bay City <s a . ioo
........ Brookline (Mass.)L’d 8 4%
Norw.<a Worcester, loo x l7 3 X175 Edis’nPhon.ToyMf.Co.
5
D et. Hits, oi S. W.100 87
88
Ogd. A L. Champ.100
8
10
10
14
Ft. Wayne Elec.Co..25 8 12% 12% Brunswick Co.......100
25
Det. Lar. A >orth.lO0
22 ........ N. Y. Phonograph Co..
Ohio A M iss...........100
5
Canton Co. (Balt.). 100 60
65
2%
36
-'
do
pref.100
do
Pref.100
C. J. R’y’s U. St’k Yds 77
North Amer. Phon. Co.
5
78
2%
7%
Duluth S. S & Atl.100
7% Oaio Southern.......100
19 ”2 0 " Spanish-Amer. L. A P.
do Pref................100 X 81
82
_
do
pref.100 15% 16% Old Colony............ICO 168 »« 169
Olaflin Co................100 106 108
Thom.-H. Elec.Co...25 s 50% 51
8%
E. Tenn. Va. AGa.100
8»« Oin.A St. L............. 100
do 1st pref. 100 §102 103%
do
pref.. 25 8 26% 26%
52
do 1st pref.100 50
do.
pref__ 100
do 2d pref. 100 §102 104%
8%
do T.S3C.Ber.C.10 8 8
do 2d pref.. 100 171« I 8 I2 Oreg. R ’y A Nav 100 87
89
do
do Ser.D ... 8 7
7% Con. Kan. C.S. A R.,25
East Pennsylvania . 50 8 52
Or. 8. L. A Utah N.100 3o% 31
Continent’l
Con. A imp.
Thom.-H. lnternat. 100 170 180
(
Eastern in N. H...10U 72% 73
Dist. AC. Feed. Co.100 ” 60% *60%
Pennsylvania RR. .50 8
- 56% 56%
do
pref.. 100 99 100
Eliz. Lex. A Big s . 100 18»« 20
East Boston Land. ... 8 4%
Penn. A Northwest.50|ss........
65
Thom. Welding Co.100 55
4%
50
Elmira & W’m8p’t..5 o
Frenchman’s Bay Ld.
Pensacola A Atlan.100
16
do Europ.W.Co.100 15
!
70
do Pref....... 50 s ---Hackensack Vater, 25
Peoria Dec. A E v..l0 0 21% 22
25
U. S. Electric Co ..100
15
1
Evansville & T. H ..50 119 1221« Peo. A Eastern__ 100
14
do
pref., 25
40
15% U. S. Illuminat.Co.100 25
.........
Fitchburg............... ico 20
22
Petersburg............IOO 79% 81
13% Henderson Bridge. 100
Westinghouse El. L.50 » 13
84ia 84% Phila. A E r i e ...... .50'«8........ 34
do Pref . ...1 0 0
Illinois Steel........ 100
GAS ST O C K S .
Flint A Pere Marq. 100
271« Phil. Germ. A Nor..50|»....
Iron Steamboat...100
Balt. Consol. Gas .100 44% 45
87
do
pref.. 100
Keeley Motor....... 50
Phila. A Read. cert.50 4078 41% Bay State................ 50 s 29% 33
4
1
2%
Fla.Cen.&P. -V.T.Cer.
Lamson Store Ser. .50 8 16
Phila. A Trenton.. 100
16%
Brookline, Mass... 100 110 112
do 1st pref.cum. 100
LeùlgnCoal ANav. 50 8 49%
Palla. Wilin.A Balt.50|ss 52
Brooklyn. L. I.—
54
do 2dpf.non-cum. 100
Pitts. Cin. 0. ASt.L. 100
Lon.AN.Y.L.ALCo..50
28
Brooklyn......... ...2 5 121 125
I
29%
Georgia Pacific... 100
B’ch Co. IOO
do
pref.100 65
3%
ô"
Citizens’ ................20
98% Manh’tt’n
f
66
97
Ga. RR. & B’kg Co.100 193 194
Maverick Land___10
Pitts. A Connell’e..50 s 8
2
Fulton Munieip.lOO liO 135
10
2%
Gr. Rap ids & Ind .100
3
Maxwell
Land Grant..
Pitcs.Ft.W. A C.,guar.7 153
Î
Metropolitan. ... 100 99 102
Gt. North. Rv. pref.. 123 125
Mex. Nat. (Jonstruct’n 13
14%
Pitts. Junct........... 50 s 25
N a ssa u ..... . . . ...2 5 129 133
29
Gr.B. W.&SD.P...100 107s III 4 Pitts. M.K.AYough 50 120 124
Morris Can., gu. 4.100
cO
People’s................10
82
87
do
P ref... 100
Pitts.Va. A Charles.50 s 40
do pf.,gu.l0.100 200
W illiamsburg___50 120
45
Har.Por.Mt.J. A L. .50
Pitts. A W estern...50
Mt.
15o.
Cambridge, Mass..100 192% 193
i Des. AE.S.Land.5. 12c.
Hartf’dACt. West.100
98%
do
Pref.. 50 40% 41
98
Charlest’n.S.C.,Gas.25 8........ 21% Nat. C o r d a g e ...........
Housatonio pref.. 100 47
do
P ref____ 102% 103
Pitts. Youngs. AAsh. 50 8 33
40
Cbarliers Valley..100 s 7
8
Hous. A Tex.Cent. 100
4
do
p ref___50 8 55
Lead C o.......
34»« 35%
Chelsea, Mass.......100 108 108% National
i
Hunting. & Br.Top.5G 8 .....
83
Port. Saco A Ports. 100 125% 126 Chic. Gas tr. re c ... 100 75% 76
do
p ref..........
82
do
Pref.50
Port Royal A Augusta 13
27% 30
Ciuoin. G. A Coke. 100 194% 195
INat. Linseed Oil Co...
Illinois Central...IOO 108 1081« Prov. A Spring___100
Nat.
Starch
M.
Co.
100
30
East Boston ............25
41
40
do leasedl.,4p.o. 100 90 100
Prov. A Worcester.100 250
1st Pref....................
95 100
Hartford, Ct., G. L..25 30
Iowa Central........ 100
13
131« Rens. A Saratoga.. 100 168 175
2d Pref..................... 100 101
Jamaica Pl’n,Massl00 144 146
do
Pref.100 47
43»« Rich. F. A P .,com .100 l i ?
38 .........
125
Jersey CityGas Light. 175
. . . N.
t Y. Loan A Impr’t . ..
Iowa F. & Sioux City.
Richmond A P’ b’g.100
........ fN. Y. A Texas Land...
105
Jersey C. A Hobok’n 20
Kan. & Mich, certs....
13% 14
Rioh. A W. P.Ter.. 100 16% 16% Lawrence, Mass... 100 143% 145
Land s crip ...............
Jeff. M. & Ind., I’d .100
70% 71% Louisville Gas Light. 125 126
do Pref__ lOo
ÍNorth AmencauColOo
16% 16»a
Kan.O.Ft.s.AMem.lOO ’ 4 3 ' 45
Richmond York R. A C. 90
96
iNorthwest Equip. 100
Lowell....................100 250 255
Kan.C.Ft.S.& G.pf.100 115 125 Rio Grande West.. 100 37
28
Oregon Improve.. 100 27
38% Lynn, Mass.,G. L..100 155 158
C
Kan.c.Mem. A Bir.leO 16
do
pref.100 70
Pacific
Mail SS. C0 .IO0 38% 39
22
70% Maid. A Melrose... 100 138 140
1
Kan.C.Cl’n A Sp’d.100
8
RomeW. AOgd.,gu. 100 110 112%' Memphis Gas...............
13
Pennsylv. Steel.-.100
32% 35
£
Kentucky Cent... . 100 40
3%
■
50 Rutland................. 100
4
N. Orleans Gas L.100 x97
99
I LorillardOo.pf.,100
Keokuk A Des M .. 100
4
10
do
Pref., 7..100 70
Pough.
Bridge .. .100
6
72
92
t
N.Y. City—Central.50
do
pref.. 100
St. Jos. A G’d Isl’d.100
A G.Co pf.100
Consolidated___100 102% 103% Procter
I
Keokuk &West’n ..l0 0
Pref. 8p. c. cum. 100 106
S t.LouisAlt. A T. H. 100 33
34
Equitable.......... 100 127 129
Kingst’ aAPembr’ke50
do
Pref.100 128 132
Pulim’nPaiace
CarlOO 187 189
E
Mutual............ .. 100 120 123
Lake Erie A W ....100 2 2 % 24
18»a 20
SLL.&S.F.lst pref. 100 76
Standard Gas,pf.100 85
87
eSan Diego L an d.,.......
do
Pref.100 71
St. Louis B’dge,1st pref jeii)3 105
711« St. L. A So’ w est....100 10% 10% Newton A Wat’n ..l0 0 169% 171
S
L. Sh. A Mich. So.. 100 -12JJ%. lA2£%
52
.do____ Pref-100
2d pref. oert.......100'e 50
3-0% JSQ% PMlft.-Cih Nat,-Ga.8,50 30% 31
too»* Price nominal,
§ Purchaser also pays accrued iriterestT
8 Quotations dollars per share, e In London.
R
a il r o a d
St o c k s .
R a i l r o a d St o c k s .
J anuary 16, 1892.]
THE
C H R O N IC L E .
115
G-HSTERAXi QUOTATION'S OP STOCKS AND
BONTD3— C o n c l u d e d .
F o r E x p la n a tio n see Notes a t H ea d o f F irst P age o f Q u otation s.
M is c e l l a n e o u s St ’ k s .
Bid.
Bid.
Ask. Manufact’ g Stocks . Bid.
St. Louis Tun. RR.100 «105 107 j Pacifie (Mass.)... 1000
St, Louis Trassier Co. 60
67 k Pepperell (Me.)... 500
iPocásset (F .R .).. 100
Standard Oil Tr’t.100
Rich. Bord’n (F.R.) 100
Texas Pacific Coal___
17 IRobeson (F. Riv.)i000
Tex. & Pao. L’d Tr.l 00 15
U. 8 . E xpress.... .100 50
55 ISagamore (F.Riv.).lOO
Wells Fargo E xp.. 100 140 145 SalmonFalls(N.H.)300
West End Land (Boat.) s 17
17 h Shove (Fall Riv.). .1 0 0
Slade (Fall Riv ). .1 0 0
West’n Union Beef Co. 1 1 ^ 13
Stafford (Fall Riv.) 100
M IN IN G S T O C K «
Stark Mills (N.H.)IOOO
(N. Y. & SAN. FRAN.)
Adams Cons
1*75 1-80 Tecumseh (K B .)- .1 0 0
American Flag............
•05 Thorndike(Mass.)1000
Alice____ ___________
Tremont &3. ( Mass) 100
1-40
Union C. Mf. (F.R.)IOO
Alta Montana... . .1 0 0
Wampanoag (F.R.) 100
Astoria................
Washingt’n (Mass ) 100
Barcelona..........
•05
Belle Isle............. .1 0 0
do
nref........
•25
Belmont...............
•50 •7Ó Weetamoe (F. R.).100
willim’tie
Linen Co.25
Best & Belcher..
2 00
Bodie...................... 100
York Co. (M e.)... .750
•50
____
Breece...............
30
Bulwer........ ......... 100
•44 .45 B A N K STO CKS.
Caledonia B. H ___100
B a ltim o re .
•45 ____
Consol. California.100
Bank of Baltimore 100
Con. Imperial___
Bank of Commerce. 15
Chollar.............. .. .1 0 0
1 05 Citizens’ ................ ..1 0
Horn. A Farmers’ . 100
Chrysolite.................50
•15
Comstock Tunnel st’k.
•16 •18 Farmers’ B’k of Md.30
Consol. Cal. & Va.......
Farmers’ & Merch ..40
3-65
Crown Point..........100
Farmers’&Planters, 25
Dead wood terra..........
2-00 2-05 First Nat. of Balt. .1 0 0
Denver City Con........
German American. 100
•05
Dun kin.........................
...1
El Christo....................
•39
Marine.................. ..30
Eu’kaCon.............. 100 1 4 0
Mechanics’ __ ___ ..1 0
Merchants’ _____ __ 100
Father DeSmet___100
•30
Freeland.....................
Gould &Curry s.30.100 1-05
..2 0
People’s........
Hale & Norcross..l00
•85
Second National. 100
Horn Silver..................
3-80 3-9 Ó Third National... 100
Iron Silver............... 20 1-40
Union.................... ..75
Iron Hill.....................
•24 •32
..2 0
•30 *50
Kings.&Pembr’ke Iron
Lacrosse................... i o
Boston.«!
•08
Leadville Consol___10
•17 •20 Atlantic.............. . 100
Little Chief..............50
•25 •30 Atlas..................... 100
M exican................ 100 1-60
Blackstone......... . 100
M ono...........................
•40
Boston National. 1 00
Moulton....................
100
N avajo...................io o
•10
Broad w a v .......... 100
North Belle Isle..........
•30
Bunker H i l l . . . . .. 100
Ophir....................... i o
2-50
C en tra l..... . . . . . . 100
Oriental & Miller........
•08 City...................... 100
Phoenix of Arizona___
•43 •47 Columbian........... 100
P ly m o u th .................
1-60
Commerce.......... 100
Potosi......................io o
Commercial........ 100
Rappahanoek........... l
Commonwealth. 100
Robinson Consol__ 50
1 00
•45
Savage........................
100
1*20
Sierra Nevada.......ib o
1-60
E liott.............. . 100
Silver King..................
100
Standard................ 106 1-20
100
Union Consol........ 100
100
1-30
Utah.............................
100
Yellow Jacket.............
1-00
First Ward........... 100
bo sto n m in in g .
Fourth National.. 100
(See Page 108.)
100
O TAN U FACT’ IN G .
Globe.................... 100
Am. Linen (F.Riv)..100
100
102k
Amory (N.H.)....... 100 124 124k Hide & Leather .. 100
Amoskeag (N.H.) 1000 2045 2050
100
Androscog’n (Me.).100 140 150
100
Appleton (Mass.).lOOo 595 600
100
Atlantic (Mass.)... 100 78% 79
Market................. in o
Barnaby (Fall Riv.)... 125
Barnard Mfg. (F.R ).
100
85
Bates (Me.)....... ...100 129 1291a Mechanics’ ......... 100
Boott Cot. (Mass.) 1000 1350 1 S6 U
100
Border City Mfg. (F.R.)
100
135
Boston Co. (Mass.) 1000 1065 1070 Monument........... ion
Boston Belting.. . . 100 2014a 203
100
Bost.Duck (Mass.)700 1125 115C New England....... 1 00
Chace (Fall River). 100
100
102 k
Chicopee (Mass. ) . .1 0 0 90
North America... 100
91
Cocheco (N .H .)....500 360 365
100
Collins Co. (Conn.). 10 x9
People’s................ .100
Continental (Me.) 100 19
20
Redemption. . . . . . 100
Cres’t Mills (F.R ) IOO
100
35
Crystal Spr. Bl. (F.R >
25
Revere.................. 100
Davol Mills (F.R.) lo o
ion
95 100
Dwight (Mass.)__ 500 750
100
Edwards (Me.) .. ..1 0 0 112 113
100
Everett (Mass.)..New
100
86
Flint Mills (F.R.),100,
107%
100
Franklin (Me.) .. ..1 0 0
99 i ö i
100
Gl’be Y.Mills(F.R .)100
115 State..................... 100
Granite (F R .)........io o
2i5
Suffolk............... . 100
GreatFalls (N.H.). 100 106 106 k Tnird National. . . 100
Hamilton (Mass.) 1000 100216 1005
100
g a r tf Carpet (Ct.)100 94 ~ LOO
100
fHlUMe.)............... io o
100
58
60
Holyoke W. Power. 100 285
Washington.... . 100
Jackson (N. H .)..l0 0 0 1000 1005
100
KingPhilip (F.R.).loO 115 117
10 0
Laconia (Me.) . . . 400 600 605
Lane ast’r M. (N.H. j 4Q0 622 625
L’ rel Lake Mills (F.R.)
112
100
Lawrence (Mass.) 1000 1500 1510
100
Lowell (Mass.)___690 635 640
100
Lowell Bleachery .1 0 0 120 122
.50
LowellMach.8nop. 500 725 735
Commercial. . . . . . ..60
Lyman M. (Mass.).100 6 6 k 67
Fifth Avenue....... 100
Manchester (N.H.) io o 130 1
100
Mass. C otton ___1000 1050 1060
40
Mechanics’ (F. R.) io o
100
Merchants’ (F. R.) 100
100
Merrimack tMass) 1000 1050 1060
100
Middlesex (Mass.).ioo 130 13Í
Manufacturers . . - 3 0
Nashua (N. H.).._.&00 5t 0 505
Mechanics’ _____ ..50
Naumkeag (Mass.) 100 108k 109
Mechanics’ & Traders’
315 320
100
Osborn MillsfF. R.j 101
110
North Side........... .1 0 0
Ask.
B ank Stocks.
1675 1686 SeventeenthWard.l 0
1355 1350 Spragne..................100
136 140
26th Ward............. 100
98
C h ic a g o .
. . .... 117k American Exch Nat..
225 230
Atlas National............
105
60
123 [Continental Nat... 100
1.210 1220 |First National...... 100
. . . . . . 105 !Fort Dearborn Nat —
1200 1250
122
124 [Merchants’ Nat...100
225
107k Nat. Bk. of Amer..lC0
45
55 |Nat. B’k of Illinois.100
105 107
Northwestern Nat. 100
50
Union National.. .100
26
28k
1025 1040
C in cin n ati.
Atlas National ...100
Citizens’ National. 100
Commercial Bank..50
142
Fifth National__ 100
18
19
20
132
45
German National. 100
Market National.. 100
59k 60
48
Natlon a1Laf ayettelOO
116
123
Ohio Valley Nat’l 100
9%
131
19
Bank of Commerce. 10
175
____ 100
Canal & Banking. .100
79 k 80
37 k
Hibernia National.100
139k 139k
122
122k
100
100 k
109% 110
126 k 127
135
205 206
143 145
94k 95
107 108
127 128
96k 98
185 187
131 1 3 lk
103 103k
123 124
109k 110
138 138k
140 141
240 243
130 131
124
122
1 00
LOOk
.100
100 k
124
111
110
103
100
121
126
111 k
ill
104
100 k
96
105
132
150k
96
250
137
162
138
122
122k
118k 118%
164 166 ’
125 127
162k 164
1C6 107
147 149
190k 193
95k
104k
131
150
95
235
136
160
136
2 20
196
1 ft! % 102
121% 122k
107 k 10744
105k 106
103 104
103k [104
137 * L39
115 116
lo t
102
115 115k
140
170
Í 6Ó
125
132
2 00
208
126
126
142
2 00
270
240
273
Ask.
145
275
260
274
Metropolitan........ 100
Mutual National .100
New Orleans Nat..100
People’s ....... ,....... . 50
Whitney National.100
Ì82
138
112
300
151
345
1 12
500
2 00
144
895
143
117
300
350
155
365
120
160
P îi ila d e lp l iia .s
Ask.
106
325
no
57 k
Commercial Nat__ 50
Comm’nwealth Nat.50
First National.......100
143
Girard National__40
220
91
300
175
Penn National ___ 50
1 1 1 k 114
Western National..50
240
235
240
110
120
93 k
x ! 12 já 115
X 14% V 3g
x l 6 - k 175
7 7 k 80
x 210
xl9 6 206
xl5 2
x l 68 174
X __ 112
x710 775
x l l 4 118
95
98
xl6 5
X . . . . 11
x l 20 125
x330
207
152
315
280
189
132
...
250
Commerce........ . 100 184
133
254
115
150
250
Fifth Avenue........ 100 2000
310
First National. . . . . 100 2500
FirstNat.ofS taten Id.. 108
Fourteenth Street.100 170
175
Gallatin National ..50 310
400
German American..75 1 2 2 k
German ExchangelOO 330
Germania........ .1.100 330
145
Hanover................ 100 345
Hudson River.......100 145
Importers’ & T r ...l0 0 540
Irving...................... 50 180
Leather Manufts.. 100 235
400
183
221
185
1.85
Mercantile.............10c 200
Merchants’ ............. 50 150
Merchants’ Exch’e.50 120
9
Metropolitan........ 100
350
Mount Morris .....1 0 0 250
Murray H ill............50 310
165
235
New York County.100 605
N.Y.Nat.F.Kfih’ngelOO
150
North America.......70 160
225
Pacific............... ....5 0 190
300
Park.
--------- 100
290
127
118
170
172
Second National... 100
Seventh National .100 325
Shoe & Leather ...1 00 1 20
150
State of N. Y ........ 100 110
189
145
115
320
125
352
105
St. L o u is.
180
Nat. Bank of Com.lOO 145
450
117
Franklin....... .
100 350
Fourth National.. 100 225
111
Laclede National ..100 117
212
185
147
119
112 ¡9-
119
216
13fi
12S 130
116k 119
70
73
Bank of California__ 250 265
First Nat’l G old ...100 174k
100
ib ö
F IR E
IN S U R ’ CE
H a rtfo rd . C onn.
Ætna Fire............. 100’x253
x l2 3
Hartford.............. i no 330
135
io o
Orient........
90
x l9 2
255
123
91
195
101
N ew Y o r k .
Alliance............... 1000
60
120
Bowerv.................... 25
65
Broadway..............2,-s 120
Citizens’ Z_________ 20 110
Commonwealth ... 100 60
Eagle......................40
Empire City__
100
50
Farraarut-.Z____
Germ an- American 100
Germania................ 50
G lob e............ ......5 0
Greenwich...............25
Hamilton.................15
Hanover...................50
Home....................100
Kings Co. (B’klyn).20
Lafayette (B’klyn).50
Manuf.& Builders’ 100
Nassau (Brooklyn).50
National.. . . . ..Z ..3 7 k
Niagara ...................50
North River ............25
220
20 0
90
270
165
70
1 20
60
125
140
160
50
85
135
60
135
60
140
Peter Cooper.......... 20 130
Phenix (B’klyn)___50 150
R utgers..... Z ...___25 100
80
Stuyves aut.............. 25
United States. . . . . . . 25 120
Westchester..........1 0 160
Williamsburg City..50 310
70
140
70
140
115
75
230
220
80
110
280
175
95
150
75
135
145 !
170
70
95
70
145
75
160
150
155
12 0
95
140
175
325
M A R IN E INSUM ANOE S C R IP .
Atlantic Mutual.........
18 57.......................... 103 104
1838.......................... 103k 104 k
187 ’
1889.......................... 104 104k
1
8 9 0 ....................... 104 105
195
275
1891.......................... 104k 105 k
80
Comm’ol Mut.1873-82 70
155
P R IC E S OF E X C H IN G tt.
J.TJL8ZUITA. M3 M
2aOk*55flTJLJLSC¿9«
N. Y. Stock................ $23.000 ask.
Last sale, Jan. 7. — 2 2 .0 0 0
N.Y.ConsoLSt’k & Pet. 250b. 275a.
Last sale..................
950 ask.
N. Y. Produce.............
240
900
Last
sale, Jan. 1 1 ...
650
475b. 500a.
1.97
500
112
N. Y. Coffee.................. 300b. 350a.
300
Last sale, Deo. 2 7 ...
N. Y. Metal.................. 33b. 40a.
Last
sale,
July
15
.
35
220
R’lEst. Ex. & Auc. R’m 1,050 ask.
315
1 .0 C0
Boston Stock....... ..
17,000 bid.
135
Last sale, Dee. 5__ 17.500
125
Philadelphia Stock__ 2.500 2.550
2.500
Last sale.................
Chic. Board of Trade.. 1,400 1,450
1,250
Last sale..................
Chicago Stock............. 900 bid.
920
Last sa le,..................
160
Pittsb. Pet. St’k & Met 390b. 4C0a
115
565
192
250
* Prices nominal, t Boston bank quotations are ail ex-dividend. s Price per share—not per cent
Bid.
1 00
2 00
1 %%
20 0
115
N ew Y o r k ,
203
American Exch’gelOO 151
305
262
Butchers’&Drovers’25 182
128
Chase National.. . . 100 420
City........................ 100
Citizen’s .................. 25
I nsurance Stocks .
Third National....100 100
130
95
271
245 250
195 197k
1 2 0 k 125
138 140
335 310
132k 135
332k
161
Western German.. 100 300
13
120
Bid.
116
THE
Jmrestmeixt
AND
Railroad |HtjcIIxgjettcc.
C H R O N IC L E .
[V o ,. L1V.
Latest Earnings Reported.
ROAD8.
Week or Mo
1891-2
1890-1.
$
Jan. 1 to Latest Date.
1891-2.
1890-1.
$
$
Geo. Bo. & Fla.. December.
71,858
76,290
753,308
736,636
Georget’n & W’n October...
3,386
3.217
34,301
32,472
Gr. Rap. & In d .. 1st wk Jan
35,627
31,624
35,627
31,624
Oin.R.&Ft. w. 1st wk Jan
6,643
5,739
6,643
5,739
Other lin e s ... 1st wk Jan
2,467
3,070
The I nvestors’ Supplement, a pam phlet o f 150 pages,
2,467
3,070
Total all lines. ls tw k Jan
44,737
40,433
44,737
40,433
contains extended tables o f the Stocks and Bonds o f R ail- Grand Trunk... Wk. Jan 9 339,122 336,015
389,122
336,015
Chie &Gr.Tr. Wk. Jan. 2
76,476
66,583 3,717,062 3,736,536
Toads, and other Companies, with remarks and statistics con
Det.Gr.H & M. Wk. Jan. 2
20,935
18,423 1,183,502 1,118,632
Great
North’n
—
cerning the income, financial status, etc., o f each Company,
St. P. M. & M. December. 1,289,385
11,711,787 10,135,917
East, of Minn. December. 114,960 974,945
It is published on the last Saturday o f every other month—
40.897
666,968
Montana Cent, December. 112,433 116,485 1,179,127
882.759
741,148
vie,, January, March, May, July, September and November,
Tot. system. December. 1,516,779 1,132,318 14,173,672
11,944,032
and is furnished without extra charge to all regular sub Gulf & Chicago. December.
4.865
4,886
42,551
44,190
Housatonic....... October...
149,391 1,300,375 1,316,418
scribers o f the Chronicle. E xtra copies are sold to sub Humest’n&Shen December. 147,233
16,000
17,233
171,904
169,830
Hutch. &South’n December.
6,721
3,000
scribers o f the Chronicle a t 50 cents each, and to others at Illinois Centr’l. November,
1,694,339 1,616,051 16,856,679 15,223,351
n p er copy.
Ind.Dec.&West December.
56,129
52,526
486,294
464,086
In. & Gt.North’ n 4th wkDec
144,642 4.080.706 4,053,648
The General Quotations o f Stocks and Bonds, occupying Iowa Central... 1st wk Jan 158,245
34,666
25,429
34,668
25,429
iron Railway... December
3,221
s'x pages o f the C h r o n ic l e , are published on the t h ir d J’k’nv.T.*
3,258
34,590
37,116
K.W. December
76,110
71,889
763,944
609,772
S a t u r d a y o f each month.
Kanawha&Mich 1st wk Jan
5,562
4,064
5,562
4,064
Kan. C. Cl. & Bp 1st wk Jan
3,764
5,834
3,764
5,834
K.C.F.S. &Mem 1st wk Jan
89,224
67,515
89,224
67,515
K. C.Mem. &Bir. 4th wk Dec
RAILROAD EARNINGS.
32,107
34,994 1,208.377 1,218,839
Keokuk & West. 4th wk Dec
10.648
11.251
406,487
371.675
Latest Earnings Reported,
6.668
6,143
Jan, 1 to Latest Date. L. Erie All. & Bo December
75,153
68.007
L. Erie & West . 1st wk Jan
59,356
50.252
59,356
50,252
R oads.
Lehigh* Hud.. December.
Week or Mo 1891-2.
30,222
1890-1.
32,603
1890-1.
1891-2.
407.789
366,717
L. Rock & Mem. 4th wkDec24,964
18,369
719,830
621,630
Long Island___ 1st wk Jan
$
66,486
66,486
62,757
62,757
Alabama Midl’u. Septemb’r
Louis.&Mo.Riv. October...
48,903
52,440
43,693
44.407
399.368
348,041
Allegheny Vai.. November, 218,473 213,276
Louis.Ev.&St.L.
1st
wk
Jan
13,728
2,345,236 2,385,787
24,227
13,728
24,227
Atoh. T. * 8 . Fe.. 4th wk Dec 865,361 844,482 33,409,142
' 31,679,411 Louisv.&Nashv. 1st wk Jan 347,480 335,385
347,480
335,385
Half ow ned... 4th wk Dec
37,292
45,139
39,988 1,750,670 1.679.591 Louis. N. A&Ch. 1st wk Jan
45,139
43,491
43,491
Total system. 1st wk Jan 565,618 506,075
Louisv.N.O. AT. 1st wk Jan
74,977
3
565,618
82,051
74,977
508,075
82,051
St.L. &SanF.. 4th wkDec 203,964 200,139 6,958,331 6,606,272 Lou. St.L.&Tex. 1st wk Jan
10,477
5,774
10,477
5.774
Half owned.. 4th wk Dec
36,430
39,2211 1,714,883 1.644.592 Lynchb.&Dur’m December.
14,073
166,132
14,000
114,787
Tot.S.L.&S.F. 1st wk Jan 127,167 116,408
26,078
127,167
116,408 Memphis & Chas ls tw k Jan
33,587
26,078
33,587
Agg. total .. 1st wk Jan 692,785 622,483
692,785
111.759
622,483 (Mexican Cent... 1st wk Jan 111.759 120,884
120,884
A tlanta* Char. O ctober...
(Mex. National. 1st wk Jan
80,107
75,4371
66,438
66,438
66,608
66,608
Atlanta & Flor’i December.
(Mexican R’ way Wk Jan. 2
15,593
14,503
66,500
119,530
3.939.707
130,783
81,500
4,106,961
Atlanta* W.Pt November.
Mil.L.Sh.& West 4th wkDec
45,115
45,6491
439,341
72,118
64,495
3,527,714
427.324
3,848,565
B.&O.EastLines November. 1,597,442 1,547,128 17,548,825 17,120,292 Milwaukee & No 1st wk Jan
24,910
24.910
24,897
24.897
Western Lines November. 499.835 457,124 5,112,418
Mineral Range.. December
13,300
147,402
11,377
125,468
T o ta l.......... November. 2,097,27 2,004,252 22,680,838 5,186,350 Minneap.&8t.L December.
149,838
134.274 1.817,280 1,510,844
22,306,642
Bal.&O.Bouthw, 1st wk Jan
46,422
38,575
46,422
38.575 M. St.P. &S.8.M December. 280,769 144,053 2,572,644 2,013,371
Balt. & Potomac October... 162,82
157,522 1,466,109 1,415,444 Mo. Kan. & Tex. b 1st wk Jan 154,921 149,227
154,921
149,227
Bath * Ham’nds October...
4,453
5,727
22,391
362,000
420,000
21.575 Mo.Pac.&IronM 1st wk Jan 420.000 362,000
Bir. & Atlantic. December
3,258
6,248
50,209
30,240
256,364
28,844
243,060
78,239 Mobile & Birm .. November.
Bir.Sh.&Tenn.R October.. ! 20,820
16,677
172,513
157,945 Mobile & Ohio.. December. 331,512 346,550 3,495,777 3,441,847
Buff. Roch. * Pitt 1st wk Jan
44,252
43,224
44,252
74,429
796,892
61,464
371,330
43,224 Monterey&M. G November.
Bur.C.Rap.&N December. 394,957 306,104 3,886,340
Nash. Ch. & St L. c December. 434,688 347,202 4,739,441 3,784,634
3,303,982
Camden &Atl. November
N. Jersey &N.Y. October...
40.049
42,058
761,170
28,398
220,312
245,389
760,665
24,285
OanadianPaciflc 1st wk Jan 401,000 294,000
401,000
19.263
159,190
173,415
20,817
294,000 New Orl. & So’n December.
Op.F’r&Yad.Val 1st wk Jan
7,689
12,214
7,689
12,214 N. Y. C.& H. R.e December. 4.050,980 3,388,413 44,264,062 40,204,882
Car.Cum.G&Ch O ctober...
N. Y. L. E. & W. November. 2,662,881 2,514,426 28,044,071 26,824,065
4,171
37,531
3,263
23,294
Car. Midland... October...
N. ¥. Pa. & Ohio November. 593,078 592,409 6,464,843 6,664,466
7,064
6,940
Oen.RR.*Bg.Co July.......... 496,982 416.641
N. Y .& N .E ng,. November. 529,768 506,715 5,729,016 5,546,348
Central of N. J.. November. 1,221,471 1,231,293 13,046,359
N. Y. & North’n. December
35,215
511,729
509,515
36,707
Central Pacific.. October... 1,673,863 1,665,151 14,103,671 12,486,829 N. Y.Ont & W .. 1st wk Jan
40,352
40,352
46,371
46,371
13,292,629
Central of S.C.. October...
N. Y. Busq. & W .. November. 143,792 145,119 1,521,493 1,462,035
10,675
10,607
84,368
95,168
Char.Cin. & Chic December.
Norfolk*
West..
14,100
14,033
1st
wk
Jan
163,842
167,789
158,576
158,576
167.789
137,048
Oharlest’n & 8av November.
55.852
57.501
666,783
59,750
581,803
505,758
65,598
614,561 N’theast’n(S. C.i October..
Char. Sum. & No. December.
15,000
139,477
9.537
78,206 North’n Central. November, 575,468 536,141 6,206,971 6,125,337
Ghatt’n’gaUni’u October...
8,852
83,712
10,179
407,525
310,633
96,749 Northern Pacific 1st wk Jan 310,633 407,525
Cheraw. & Dari. October...
Wis. Ct. Lines. 1st wk Jan
12.223
86,624
13,899
82.759
82.759
73,769
73,769
89.093
Cheraw. & Salisb October...
3,586
N.P.& W.Cent. 1st wk Jan 393,392 481.294
2,982
20,999
481,294
393,392
20,161
Ches.&Ohio...J 1st wk Jan 167,357 132.932
167,357
90.260
76,248
(90,260
76,248
132,932 O hio* Miss....... 1st wk Jan
Ohes. O. & 8. W December. 202,781 209.932 2,336,496
Ohio River........
wkDec
15,125
14,413
680,973
707,564
Chic. Bur. & No. November. 221,100 208,980 1,998,782 2,161,684 Ohio Southern.. 4ith
th wkDec
13,273
554,861
589,135
13,008
1,881,038
Chic. Burl. & Q„ November. 3,541,110 2,872.681
31.827,897 32,314,854 Omaha & St. L.. November,
49,640
556,086
451,885
45,070
Ohio.* East. 111. 1st wk Jan
67,093
71,524
67,093
71,524 Oregon Imp. Co. November, 365,216 369,299 3,913,033 4,151,970
Chicago & E n e. November, 255,939 215,507
Pennsylvania .. November. 5,694,725 5,659,867 61,630,010 60,896,939
2,443,319
2,494,317
Chio.M il.*st.P. 1st wk Jan 568.636 452,233
568,636
13,593
13,593!
13,308
13,308
452,233 Peoria Dec. &Ev. 1st wk Jan
Ohio. AN’thw’n . November, 2,792,861 2,538,971
478,351
488,459
26,728,258 25,855.031 Petersburg....... November,
39,531
38,551
Ohlo.Peo.*8.L.t 1st wk Jan
19.961
Phila. & Erie... November, 429,331 438.295 4,782,504 4,755,781
14,127
19,961
14,127
Ohio. R’kI.&P.a December 1,482,967 1,353,133 17,183,902
16,971,132 Phila. & Read’g November, 1,9 [>0,357 1,895,787 20.167,690119,279,545
Chio.St.P.&K.C. 1st wk Jan
77,280
Coal & Iron Co. November, 2,419,943 1,969,472 19,705,357 17,555,179
77,280
56,687
56,687
Chlo.St.P.M.&0 . November, 831,445 677,727
TotalbothCos.- November. 4,370,300 3,865,259 39,873,049 36,834,724
7,232,950
6,274,536
Ohio. & W. Mien. 4 th wkDec
41.050
Pitts.
Mar. &Ch. December.
42.519
44,502|
37,636
3,396
1,750,925
3,446
1,606,416
Cln. Ga. * Ports. December
5.089
5,513
30,794
68,494
337,440
261,741
22,8151
67,507 Pitt.8hen.*L.E. December.
On. J a ck * Mac. 1st wk Jan
12,289
Pittsb. * West’n October... 133,797 138,900 1,232,684 1,230,332
10,857
12,289
10,857
®Ji^vC *& T .P. 4thwkDec 128,033 134,877 4,338,202
Pitts.Clev.&T. October...
48,319
404,727
407,905
49,764
---------4,447,857
Ala. Gt. South. 4th wkDec
62,330
Pitts.Pain.&F. O ctober...
66,423 1,922,610 1,965,963
26,891
241,672
258,234
30.478
N. Orl. & N. E 4th wkDec
43,977
Total
system
39,733
1st wk Jan
29,586
1,219,692 1,240,637
28,586
34,627
34,627
Ala * Vicksb. 4th wkDec
25,649
26.502
686,824
95,953! 1,190,698 1,268,533
685,306 Pitt. Young. * A . November. 108,099
VIcks. Sh. & p. 4th wkDec
36,648
29,906
29,981
661,219
303,300
274,155
34,793
625,376 Pt. Royal & Aug. October...
Erlanger Syst. 4th wk Dec 296.637 297,443
36,280
329,89 a
8,828,548 8,965,139 Pt.Roy.* W.Car. October...
326,767
44,488
Cinn. Northw’n . December.
1,740
1,954
21,551
13,200
129,877
123,507
14,763
20.238 Pres.AAriz.Cen. November.
Cin. Ports. & V.. December.
20,767
Quincy
O.&K.C.
19,490
December.
247,016
24,127
24,078
254,627
262,628
227,813
Col. & Maysv. December.
985
673
12,474
9,459 Rich.&Danviile. December. 515.700 523.500 6,017,700 5,775,000
dn.Wab.&Mich. December.
61.852
vir. Midland.. December. 164,600 184.200 2,243,815 2,274,980
50,803
742,335
603,170
dev.Akron&Col 4th wkDec
22.835
24,651
Char.Coi. *Au. Deoember.
939,380
82.900
960,845
89,100
967,248
859,059
d e v . & Canton.. October.
72,432
58,142
602,665
Col.
& Greenv. December.
82,880
76.900
846,419
869.580
470,599
d .d n .C h .* 8 .L 1st wk Jan 231,038 219,654
West.
No.
Car.
231.038
December.
80,740
79,600
1,042,648
971,925
219,654
Peo. & East’n. 1st wk Jan
29,554
24,115
Georgia
P
a
c
..
29,554
December.
213,800
180.200
2,057,870
1,885,775
24,115
d e v . * Marietta December.
29,831
30,539
346,044
12,720 • 11,490
163,160
Wash.O.& W.. December.
148,817
334,835
dolor. Midland.. 1st wk Jan
33,481
34,370
162,302
Ashv. & Spart. December.
12,925
12.000
33,481
150,408
34,370
Col. H. V. & Tol. December. 285,753
244,678
223,755
13,201,82©
Total
Bys’m.
3,289,500
272,715
13,656,366
4th
wkDec
3,078.900
Col. Bhawnee&H 4th wkDec
25,319
10,308
25,204
303,101
620.799
25,775
November.
307,490
Rich.
&
Petersb.
315,071
Colusa & Lake.. November.
2,666
1,933
7,899
7,899
26,906
23,995 Rio Gr’de South. 1st wk Jan
Conn. R iver___ November.
94,834!
96.519 1,023,489 1,043,426 Rio Gr. West. 1st wk Jan
29,500
28,500
30,600
30,600
Current River.. 4th wkDec
2,436
3,381
333,351
3,985,972
304,457
155,331
December.
3,916,240
Rome
W.
&
Ogd.
173,766
Deny. * Rio Gr. 1st wk Jan 131,800 123,000
Sag.Tuscola&H.
7,623
131.800
8.648
December.
106,637
102,587
123,000
Hes Moin. &No. December.
12.130
10,394
22,810
21,650
22,810
131,769
21,650
120,139 Bt.L.A* T.H.B’s 1st wk Jan
Des M. & N’west December.
25,795
19,389
77,000
215,440
77,000
66,500
66,500
221,097 St.L. Southw’rn. 1st wk Jan
Det.Bay C.&Alp November.
20,300
31,210
Bt.Paul&Dul’th December. 135,950 115,430 1,824,430 1,494,225
401,645
480,798
Det.Lans’g * N o 1st wk Jan
15,883
17.641
45,941
15,883
S.Ant.*Ar.Pass. 4thwk Oct.
54.158
17,641
Duluth S.S.&Atl December. 137,732 121,327 2,160,118
874,421
21.174
22,298
799,390
2,241,097 S. Fran.&N.Pac. 4th wkDec
Duluth * Winn. December. I 11,931
7,074
46,987
85,571
44,895
502,979
400,629
57,149 Bav. Am. & Mon. December.
E.Tenn.Va.*Ga. 1st wk Jan] 121,340 156,050
245,279
121,340
269,372
October...
2,690,752
Sav.Fla.
&
West
2,421,057
156,050
Elgin JoL&East. December. I 77,123
49.717
727,571
10.150
4thwkMay
144,755
146,009
Seattle
L.
S.
*
E.
13.158
591,482
Eliz.Lex.&B.S...__,
____
Septemb’r.
81,392
74,077
575,063
8,090
13,341
105,674
125,468
605,694 Bilverton........... December.
Evans.&Ind’plis-lst wk Jan
6,359
5,508
6,359
So
Pacific
Co.—
5,508
Bvansv. * T. H. 1st wk Jan
18,601
19,131
18,601
Gal.Har.&S.A. November. 425.689 422,531 4,130,584 3,950,756
19,131
Fitchburg........ November 605,632 596,515 6,476,282
956,808 1,072,794
Louis’a West.. November. 121,681 107,388
6,495,470
Flint. & P. Maro 1st wk Jan
50,992
49,872
50,992
Morgan’
sL&T. November.! 699,903 633,684' 5.082,909 5,047,661
49,872
Florence.......... . October...
5,494
5,182
November.;
29,330
25,552!
2i7,o29
36,296
202,900
»
.
Y.T.&M
ex
34,241
F o r . Cent.* P. December. 171,300 143,124 1,491,118
Tex. & N. Orl November.' 16Û.4811 169,o48 1,523,353 1,755,696
1,212,437
Ft. W. & Rio Gr, 4th wkDec
9,105|
7,494
November.
4,471,616
1,358,804
12,018,017
329,485
12,009,806
Atlantic
sys.d
194,698
Qa. Carfia & No O ctober...
24,6071
9,951
112,392
Pacific system November. 3,296,352 3,008,466 34,'. 67,518 32,181,494
52,973
Georgia RR...... November. 159,7g8 173,880 1,649,473
Total of all.. November. 4.767,968 4,385,626 46 315,535 44,270,441
1,629,543
J a n car y 16
THE
89 .J
Latest Earnings Reported.
R oads
Week or Mo 1891-92.
So Pao. RR.—
*
C H R O N IC L E .
Jan. 1 to Latest Date
189C-91
1891-92.
$
8
l*i week o f January.
1890-91,
CoastDiv.iCab O ctober... 227,016 224,271 1,967,975 1,964,538
Bo. Div. (Cal.) O ctober... 709,874 641,269 5,637,833 5,412,988
Arizona D iv.. O ctober... 223,703 205,823 1,681,415 1,673,399
878,046
New Mex. Div. O ctober... 106,594 102,554
866,653
29,692
445,290
Sioux City & No. December.
40.000
312,091
South Carolina December. 124,570 149,762 1,661,028 1,563 619
110,374
Spar. Dn. & Col O ctober...
11,438
10,994
103,505
58,435 1,033,707 1,005,196
Staten Isl. R. T. December.
62.000
52,884
1,662
StonyCl.&CMt.. November.
1,666
51,868
Bummit Branch. November. 105,602 119,075 1,176,832 1,013,585
79,995
859.429
Lykens Valley November.
82,368
880,213
Tot’l both Co’s November. 187,970 199,070 2,036,259 1,893,794
211,671
25,449
22,800
Tenn. Midland.. December.
218,390
268,646
34,571
Terre H. & Peo Septemb’r.
130,71
125,467
Texas & Pacific 1st wk Jan 125,467
130,711
48,184
5,314
5,008
Tex.8 .Va)&N.W. December.
52,933
81,172 1,024,117 1,127,209
84,187
Tol.A. A.&N. M December.
4,892
4,892
5,303
ToL Col. & Cin. 1st wk Jan
5,303
24,160
23,492
24.160
Xol.& Ohio Cent. 1st wk Jan
23,492
19,557
16,849
19,557
Tol. P. & West.. 1st wk Jan
16,849
26,572
33,056
33,056
Tol. Bt. L. & K.C. 1st wk Jan
26,572
2,101
1,896
25,328
Tol. & So. Haven November.
24,790
28,322
26,749
360,616
Ulster & Del___ November.
346,248
Union Pacific—
Or. 8 .L. &U. N. November. 656,423 671,698 6,963 061
881,912
Or.Ry.&N. Co. November. 573,305 558,541! 5,274, 528
469,218
Un.Pac.D.&G. November. 571,743 502,774 5,303,780
278.206
72,9811
828, 985
Bt.Jo.&G’dIsl. November. 111,939
190,726
All oth. lines.. November. 2,315,318 ,187,121 20,746, 030
032,847
Tot.U.P.Sys. November. 4,228,728 ,993,124 39,116, 384
852,907
773, 918
61,522'
Cent.Br.&L.L. November. 105,569
918,893
Tot. cont’led November. 4,334,298 ,054,646 39,890, 302
771,800
89,934
665, 245
78,752
Montana Un.. November.
876,773
2,672
27, 876
2,481
Leav.Top. & S. November.
28,869
2,848
38, 003
3.598
Man.Al.A Bur. November.
35,277
731, 124
96.013
84,272
Joint.own’d... November.
940,918
Grand total. November. 4,376,434 „102,653 40,255, 864 41 ,242,260
173, 866
14,430
15.335
Vermont Valley November.
178,728
250 000
Wabash.............. 1st wk Jan 250.000 2 0 0 , 0 0 0
200,000
43 179
6,456
6,949
Wab. Chest. &W. August....
38,908
24i; 194
25,951
Wash. Southern. October...
28,938
233.207
West Jersey...... November. 104.000 107,096 1,365 ,665
,331,382
93,883 1,011 367
895,693
90,959
W. V. Cen. &Pitts. November
161 ,059
12,550
22,761
West Vir.&Pitts. October...
93,038
56,507
520 ,858
54,794
Western of Ala. November.
500,560
54 ,000
59,000
54,000
West.N. Y. & Pa. 1st wk Jan
59,000
22 ,352
19,910
22,352
Wheeling & L. E. 1st wk Jan
19,910
773 ,903
95,860 101,371
Wil. Col. & A'ig. October...
803,937
84 ,998
8,529
Wrightsv. Ten. December,
91,069
6,289
3,419
98 ,586
101,224
3,607
Zanes. & Ohio... lstwk Sept
* Figures cover only that part of mileage located in South Carolina
t Earnings given are on whole Jacksonville Southeastern System.
a The figures from Jan. l to date include corrections for the first tfiree
months of each year, b Kansas. City & Pacific included in both years,
c Western and Atlantic included in Dec., 1891, but not in 1890.
d Includes earnings from ferries, etc., not given separately. 1 Mexican
currency, e Includes Rome Water. & Ogd. in both years for December
and the twelve months.
Toledo Col. & Cincinnati.
Toledo & Ohio Central...
Toledo Peoria & Western
Toledo St. L. & Kan. City.
Wabash.............................
Western N. Y. & Penn..
Wheeling & Lake Erie...
Total (62 roads)............
Net increase (7’59 p.o.)..
Atch. Top. & S.F.(2 rds).
St. L. & S. Fran. (2 rds).
Buffalo Roch. & Pitisb...
Cane Fear & Yadkin Yal.
Chesapeake & Ofiio........
Chicago & East. Illinois..
Chicaeo Milw. & St. Paul.
Chic.Peoria & 6 t.Louis...
Chicago St. P. & K. City.
Cincinnati Jack. & Mack.
Cleve. Cin. Chic. St. L ..
Peoria & Eastern..........
Denver & Rio Grande...
Detroit Lans.& Northern
East TennesseeVa.<& Ga.*
Evansv. & Indiananolis.
Evansv. & Terre Haute..
Flint & Pere Marquette..
Grand Rapids & Indian ».
Cincinnati R. & Ft. W ..
Grand Trunk of Canada..
Kanawha & Michigan—
Kan. City Clin. & Spring.
Kan. City Ft. S. & Mem..
Lake Erie & Western___
Louisv. Evansv. & St. L..
Louisville & Nashville...
Louis. N, Albany & Chic.
Louisville N. 0. & Texas.
Louisv. St. Louis & Texas
Memphis & Charleston...
Mexican Central.............
Milwaukee & Northern..
Mo. Pacific & Iron M t...
New York Ont. &W est...
Northern Pacific.............
Wisconsin Central lines
Peoria Decatur & Evansv.
Rio Grande Western... .
St. L. Alt. &T. H. a rcfies.
St. Louis Southwestern..
Texas & Pacific...............
1892.
1891.
$
565,618
127,167
46,422
44,252
401,000
7,689
167,357
67,093
568,636
19,961
77,280
12,289
231,038
29,554
33,481
131.800
15,883
121,340
6,359
18,601
50,992
35,627
6,643
2,467
339,122
34,666
5,562
3,764
89,224
59,356
66,486
13;728
347,480
45,139
74,977
10,477
26,078
111,759
66,438
24,910
154,921
420,000
40.352
167,789
310,633
82,759
90,260
13,593
28.586
28,500
22,810
77,000
125,467
$
506,075
116,408
38,575
43,224
294,000
12,214
132,932
71,524
452,233
14,127
56,687
10,857
219,654
24,115
34,370
123,000
17,641
156,050
5,508
19,131
49,872
31,624
5.739
3.070
336.015
25,429
4,064
5,834
67,515
50,252
62,757
24,227
335.385
43,491
82.051
5,774
33,587
120,884
66,608
24,897
149,227
362,000
46,371
158,576
407,525
73,769
76,248
13,308
34,627
30,600
21,650
66,500
130,711
Increase.
9
59,543
10,759
7,847
1,028
107,000
34,425
116,403
5,834
20,593
1,432
11,384
5,439
8,800
851
1,120
4,003
904
3,107
9,237
1,493
21,709
9,104
3,729
12,095
1.648
4,703
13
5,694
58,000
9,213
8.990
14,012
285
1892.
1891.
Increase.
9
$
$
4,892
24,160
19,557
33,056
250,000
54,000
22,352
5,303
23,492
16,849
26,572
2 0 0 ,0 0 0
59,000
19,910
Decrease.
9
663
2,708
6,484
50,000
2,442
411
5,000
6,078,402 5,649,638
634,364
205,600
428,764
* Includes in both years Knoxville & Ohio, Mol ile & Bir. and Louis
ville Southern.
The final statement for the 4th week of December shows”
7’25 per cent gain on 90 roads.
4th week o f December.
1891.
1890.
Increase.
$
$
9
Prev’ly report’ d (62roads) 9,126,305 8,518.604
Cape Fear & Yadkin Val.
7,780
7,435
Chicago &Grand Trunk..
76.476
66,583
Chicago St. P. & Kan. C..
151,279
113,210
Cin. N. O. &T. Pao. (5 roads)
296,637
297,441
Cleveland Akron & C ol...
22,835
24,651
Cleve. Cin. Chic. & St. L.
445,561
402,574
Peoria & Eastern..........
66,063
Current R iver..................
2,436
3.381
Detroit Gr. H. & Mil.......
20.935
18.423
Duluth So. Sh. & Atlantic
47,242
39,340
Grand Rapids & Indiana.
68,350
58,220
Cincinnati R. & Ft. W ..
12,799
12,407
5,075
Other lines.....................
4,916
158,245
Int. & Gt. Northern........
144,642
9,172
Kanawha & Michigan__
8,231
6,063
Kansas City Clin. & Spr..
9,293
126,223
Kan. City Ft. S. & Mem...
105,348
Kansas C. Mem. & Birm.
32,107
34,994
10,648
11, 51
24,964
Little Rock & Memphis..
18,369
Memphis & Charleston...
37,729
40,536
67,000
89.000
San Francisco & No. Pac.
22,298
21.174
Western N. Y. & Penn..
82,200
86,600
906,715
345
9,893
38,069
Total <90 roads)........... 10,926,422 10,187,477
Net increase (7-25 p.c.)
1,077,451
738,945
42,987
15,209
2,512
7,902
10,130
392
159
13,603
941
20,875
6,595
Decrease,
9
299,014
804
1,816
945
3,230
2,887
603
2,807
1,124
.........
22,000
4,400
338,506
Net Earnings Monthly to Latest Dates.—The table fol
lowing shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the C h r o n ic l e of December 19. The next will appear in
the issue of January 23.
Latest Gross Earnings by Weeks.—The latest weekly
earnings in the foregoing table are separately summed up as
follows:
RoadsFor the first week of January the statement below shows Cape F. & Yad. Val.. .Dec.
Jan. 1 to Dec. 3 1 ...
7’59 per cent gain in the aggregate of the 62 roads reporting
July 1 to Dec. 3 1 ...
as compared with the same roads in 1891.
1st week o f January.
HT
-Gross Earnings.
-Wet Earnings.—
1890.
18,114
234,576
133,335
65,406
792,712
28,213
131,990
45,603
46,014
506,438
273,574
148,579
1,524,175
872,210
49,111
513,751
326,675
7,739
250,777
183,461
Flint & Pere Marq.a Nov.
Jan. 1 to Nov. 3 0 ...
Decrease Jack. Tam. & K. W... Deo.
Jan. 1 to Dec. 3 1 ...
$
July 1 to Dec. 3 1 ...
Milw. & Northern a. Nov.
Jan. 1 to Nov. 3 0 ...
July 1 to Nov. 3 0 ...
Nash.Chatt. A St. L.bD ec.
Jan. 1 to Dec. 3 1 ...
4,525
July 1 to Deo. 3 1 ...
4,431 N.Y. Ont.&West’naNov.
Jan. I t o Nov. 3 0 ...
July 1 to Nov. 3 0 ...
San Fran. & N.Pac.aDec.
Jan. 1 to Deo. 3 1 ...
July 1 to Dec. 3 1 ...
889 Union Paciflo—
316,916
656,423
671,698
200,936
Oreg. S.L.&U.N...NOV.
Jan. 1 to Nov. 30.. 6,963,061 6,881,911 2,762,916 2,346,552
1,758
34,710
213,961
558,551
178,511
573,305
Ore. Ry.&N. Co...N ov.
876,750
Jan. 1 to Nov. 30.. 5,274,528 4,469,217 1,822,255
530
502,774
210.111
110,333
Un.Pac.D.&Gulf...Nov.
571,743
1,383,860
5,278,206
1,620,995
Jan. 1 to Nov. 30.. 5,303,780
72,981
40,626
111,939
5,716
St. Jos. & Gd. Is l... Nov.
179,881
828,985 1,190,726
360,006
Jan. 1 to Nov. 30..
603
995,853
674,836
An other lines...... Nov. 2,315,318 2,187,121
Jan. 1 to Nov. 30..20,746,030 22,032,847 7,803,392 7,985,324
1,170,332
Total Un. Pac. SVS.Nov. 4,228,728 3,993,124 1,777,467
.
.
2,070
Jan. 1 to Nov. 30..39,116.384 39,852,908 13,952.304 13,189,627
Cen. Br.&Leas.L.. .Nov.
10o,569
61,522
37,405
def.523
Jan. 1 to Nov. 30..
773,918
918,893
170,420
200,114
10,499
Total controlled....Nov. 4,334,298 4.054,646 1,814,872 1,169,809
Jan. 1 to Nov. 30. .39,890,302 40,771,800 14,122,724 13,389,740
89,934
22,910
21,392
Montana Union— Nov.
78,752
7,074
876,773
145,279
53,667
Jan 1 to Nov. 3 0 ..
665,245
2,481 def.3,891 d e f.4,332
7,509
Leav. Top. & S. W. .Nov.
2,672
28,869
def.
33
,7
9
3
def.49,398
9,125
Jan. 1 to Nov. 30..
27,876
170
3,598 def.2.291
def.653
Man. AIma& Bur...Nov.
2,848
35,277 def. 14,882 def.8,329
Jan. 1 to Nov. 3 0 ..
38,003
Lines jointly owned—
96,013
16,728
16,407
84,272
One-half.................Nov.
6,019
93,604 de f.4,060
940,918
Jan. 1 to Nov. 30..
731,124
96,892
Grand total........ Nov. 4,376,434 4,102,653 1,823,236 1,178,012
Jan. 1 to Nov. 3 0 . , 4 0 ,255,86441,242,260 14,168,026 13,387,71Q
6,041
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
2 ,100
1,160
10,500
5,244
Interest Charges and Surplus—The following roads, in
addition to their gross and net earnings given above, also
118
THE
C H R O N IC L E .
[VOL. LIV,
'report charges for interest, &c., with the surplus or deficit amount of capital invested in both productive and un
above ©r below those charges.
developed coal lands, and the facilities possessed for the
Hoads.
Flint & Pere Marq. .Nov.
Jan. 1 to Nov. 3 0 ...
Nash. Chatt. & St. L.Deo.
July 1 to Dec. 3 1 ...
-Inter’t, rentals, dtc.-Bal. o f Net Earns.—.
íS S ? í í u 11
coal, ln t]?e markets> as compared with
1891.
1890.
1890.
1891.
those of the¡other coal-carrying roads. Your board has never
$
$
questioned
the
policy
of making due concessions to competi
18*710
50,370
46,696
19,137
531,027
289,158 tors, who with yourselves aré engaged in producing a commod
503,553
245,784
49,082 ity far m excess of the demand of the markets, but the pro
115,303
99,497
50,186
777,969
345,937 portion of the business allotted to this company in years past,
526,273
352,410
ANNUAL REPORTS.
when its financial straits and lack of facilities did not permit
it to mine and distribute its fair proportion of the increase of
tonnage, must not be taken as the measure of the business to
which it is entitled in the conditions which now prevail since
its reorganization and rehabilitation. It is to be expected
therefore, that out of the regard that is due to the great interests involved, and a proper consideration of the importance
oi the subject to the general public, as well as from a just
recognition of the equitable right of this companv to a larger
share of the traffic, your board will be able to secure for your
company what its investments entitle it to without the sacrince of revenue or the disturbance of existing harmonious
relations.”
*
*
*
*
*
*
*
~ “ The following exhibits the results of the operations of the
uoal & Iron Company for the year.
Philadelphia & Heading Railroad.
30, 1891.^
At the annual meeting in Philadelphia Jan. 11 the old
board of directors was re-elected, and President Samuel R.
Shipley, of the Provident Life & Trust, was chosen to the
vacancy caused by the death of Henry C. Gibson.
Only the President’s report has yet been published, the regu•lar pamphlet with statistics not being issued till some time
later. President McLeod remarks :
“ It will be observed that there was an increase of the
profit from the traffic of the railroad company for the
year, over that of the previous year, amounting to $998,676, while the traffic expenses have decreased $79,362, Surplus from operations............................................................ ...*4 82 655
und that the proportion of expenses of operating has
“ After charging all payments for the vear to operating exfallen from 57-04 per cent to 54-28 per cent. This ability
of the company to handle an increased traffic at a less cost is for 18SA r f V « 0 , 8 6 9 ^ redUCed * ®88S’ 86° ’ against * deflcit
due to economies resulting from the expenditures made
“ As compared with the operations of last year it presents
for improvements and facilities especially pointed out in the a most encouraging exhibit. A large part o f this saving is
làst annual report, and furnishes an early demonstration of the due to the reduced cost of mining coal, resulting from the ex
wisdom of the policy outlined at that time.
penditures recently made for the introduction of new and im
“ The management has long foreseen that an increase of its proved methods and machinery, and has been effected not
surplus available for dividends upon its income bonds and withstanding an increased cost o f supplies. Arrangements
stock was largely dependent upon a liberally judicious expen have been consummated for the extension of the divisional
diture in the renewal and improvement of the roadbed, super mortgage bonds maturing during the current year, on satis
structure, buildings, machinery and equipment, and their factory terms.
maintenance at modern standards in all things, and upon the
“ It may be of interest to those who are not familiar with
provision of ample facilities for the prompt and economical previous reports to add that the immense estates of the com
movement of the traffic throughout the system. Accordingly pany aggregate upwards of 194,000 acres, which may be classi
it has not hesitated at any time to incur whatever expendi fied as follow s:
tures for such improvements and additions seemed to be Coal lands, owned (acres).................................................... 9 5 144
reasonably necessary for the proper and economical conduct Coal lands, leased from others (acres)..........................7^429
of the business. Notwithstanding the low rate of percentage
—
102
70 489
Timber lands, owned (acres)..................................
of expenses to earnings during the year, the property has been Iron
ore lands (acres)........................................ i l l . 2 l ’ o o o
improved in all its branches, both in condition and efficiency.
Í 94 062
area (acres)................................................ .
In pursuance of the policy of enlargement there have been ex TheTotal
collieries in operation are loca ted:
og
pended for betterments and additions of a more permanent On lands owned........................................
lands owned by controlling companies . .
4
nature $505,004, and for cars and locomotives $1,268,465, On
On lands leased...............................................
41
amounting in all to $1,773,469, which was carried to capital Temporarily abandoned........................ " . . ^ 1 ! " " ! " ! " ! ! " ! ! ! " . " ! ] . 10
account.
6Í
.. “ The company is practically free from floating debt ; the
“ In addition to these, and including small operations, there
item of bills payable shown in the balance sheet, amounting
13 collieries which are operated by tenants. All of the
to $1,150,000, represents notes given to secure the advances are
necessary to complete the construction of the Philadelphia company’s collieries either have been or are being modern
Harrisburg & Pittsburg Railroad, the Port Reading Railroad ized and supplied with improved machinery for handling and
and the Tamaqua Hazleton & Northern Railroad, and when preparing the coal for market.
“ The coal lands comprise in extent about 33 per cent of
these companies sell and realize upon their securities, so much
of the proceeds as may be necessary will be used to take up the entire anthracite coal fields of the State, and taking into
account the aggregate thickness of the veins on the com
the notes, and the indebtedness will be canceled.
“ The management is giatified to inform you that arrange pany’s lands, and the greater proportionate depletion of the
ments have been completed for making provision for all estates in the other regions which has been going on for many
it must be conceded that we have at least 50 per cent
necessary betterments, new equipment and additional prop years,
*
*
*
erty which will be hereafter required, by an issue of $10,000,- of the entire deposit remaining unmined.”
earnings, expenses, charges, &c., for three years were
600 collateral trust bonds, bearing 5 per cent interest, which asThe
below given :
are unused and unpledged, and the proceeds will be expended
P. (6 Bead. Railroad Go.—
1888-89.
1889-90.
1890-91.
only for the improvement of and additions to the present Railroad.....................................$19,018,614
$20,934,487 $21,853,802
mortgaged estates. All new lines and extensions will either Canals..............
156,334
91,139
84,052
436,577
be of sufficient importance to provide the necessary funds in Steam colliers.............................
410,884
467,582
coal barges....
328,438
265,466
185,161
dependently, or their promotion will not be undertaken by Richmond
estate................................
181,197
198,952
217,499
the company. Within six years, and before the maturity of Real
Income from stocks and bonds.
416,215
265,522
303,013
this loan, there will have been liberated under the plan of re
Total earnings RR. Co.$20,537,375
$22,166,450 $23,111,109
organization an equal amount of general mortgage 4s
13,901,188
13,176,631
applicable to these purposes under the mortgage. The possess Operating expenses....... 12,396,706
ion of these means affords ample assurance of the ability of
Net earnings RR. Co. $8,140,669
$8,265,262 $9,934,478
the company to continue the enlargement of its equipment Phil. <SBead. Goal & Iron Go.—
$21,311,734
and facilities at all times in season to meet promptly the Total earnings............................$17,818,226 $18,929,774
19,080,932
20,829,069
demands of its increasing traffic, to avail of all the economies Operating expenses....... 17,966,076
jvbich arise from modern improvements and methods, with
Balance...............................def.$147,850 def.$151,138 net $482,665
out unduly burdening the current income, and at the same
INCOME ACCOUNT.
1888-89.
1889-90.
tune to carry the business successfully through periods of de
1890-91.
$8,140,669
$8,265,262
$9,934,478
pression should any occur.
.def.147,850 def.151,158 sur.482,665
“ In this connection, it is proper to add that the company
owns stocks and bonds of the par value of $40,683,050 rep
$7,992,819
$8,114,104 $10,417,143
Deductresented in the balance sheet at a cost of $22,669,000. A
$2,842,319
$2,830,744
$2,838,351
fair cash value of these securities exceeds $20,000,000. This
4,085,139
4,351,312
4,502,882
does not include any of the issue of securities of the Coal & Interest Coal & Iron Co............
826,523
822,126
815,526
Sinking fund Coal & Iron Co...
Iron Co.
354,084
340,107
395,423
“ In the last annual report attention was called to the fail
$8,108,065
$8,344,289
$8,552,182
ure of the company for many years past to make adequate Balance both companies........def.$115,246 def.$230,185
sr.$l,864,961
provisions in the development of the mine3, in rolling equip
In February, 1890, % of 1 pdr cent was paid on first pre
ment and terminal facilities, to enable it to retain the place in
the coal trade which it ought to command. While there has ferred incomes; in 1891, nothing paid; in February, 1892, 5
per cent on first preferred and
per cent on seconds will be
been a considerable increase of the tonnage, the revenue from paid.
thè atathracite coal traffic has not yèt reached the proportions
* It appeared in the statements for the year 1890 that the deflcit, in
to which the company is fairly entitled, and the concessions cluding
interest on the bonded debt, amounted to $973,284, and for
made by your board towards the preservation of harmonious purposes
o f comparison with the results of the operations o f 1894
relations with other companies and the maintenance of fair there should be added *447,584 which was cha' ged to capital account,
and reasonable prices for the product of the mines, continue similar expenditures having been made out of income in the past year,
in ail a deflcit of $1,420,869, or $1,088,008 in excess o f the
to be out of proportion to the capacity of the collieries, the making
detteit-for 1891.BME
¡gttwi—
(F o r the year ending Nov.
January
16, 1892.]
THE
GENERAL INVESTMENT NEW S.
American D istrict Telegraph Company.—The American
District Telegraph Company has increased its capital stock
from $3,000,000 to $4,000,000. The purchase price of the Mu
tual District Telegraph Company was $1,275,000. It will be
paid with the extra stock and $275,000 of the $500,000 o f stock
held in the treasury of the American District. The consolida
tion of the two companies was formally ratified by vote of
the stockholders.
American Sugar Refining.—On Jan. 13 the annual meeting
o f the American Sugar Refining Company was held in Jersey
City. The most important result of the meeting was the de
cision of the stockholders to increase the stock of the company
by $25,000,000, half preferred and half common. This amount
o f stock will be placed in the hands of the directors, wh® will
dispose of it for the best interests of the company. The reso
lution suggesting such an increase was passed at a previous
meeting of the board of directors, and provided that the new
stock might be issued if a motion to that effect received a twothirds vote.. The new stock is to be paid for in cash at par,
and to be issued in such sums and as the directors may deter
mine, preparations for the issue to be made at once. The new
stock is to be issued to acquire other refinery properties, or to
build, as the directors may see fit. An election was held to
fill the two offices in the board of directors which became
vacant at the close of the year by the expiration of the terms
o f office of Theodore Havemeyer and J. B. Thomas. They
were re-elected. The fiscal year was changed to end Nov. 30
in s t e a d of Dec. 31, for the convenience of the officers.
Mr.
Havemeyer made his report as President, stating that the re
fir eries in the company were in a flourishing condition, and
the affairs of the company were likewise encouraging. The
Treasurer’s report was read.
Ih e C h r o n ic l e has been unable to get a copy of the re
port which was read at the meeting, the usual difficulty being
exr erlenced in getting any information whatever at the Sugar
Corr p iny’s offices. The Treasurer’s report, as submitted at
the meeting and given in the morning newspapers, is as fol
lows: “ The value of cash assets and investments actually
taken over by the American Sugar Refining Company, after
deduct ng the expenses of reorganization, was $8,739,000,
which, together with the $11,000 cash capital paid in, made
the amount of cash assets and investments represented by the
capital stock $8,750,000. The remainder of the stock, $41,250,000, represents the real estate and plant transferred to the
company. The liquidation of the cash assets and investments
above referred to has thus far realized a surplus of $55,908 36,
and of the amount issued for the plant, after providing for all
the outstanding certificates of the Sugar Refineries Company,
there came back to the Treasurer, available for the purchase
of additional property, 3,583 shares of common stock and
3,695 shares of preferred stock, with the accumulated divi
dends, $54,515. There have been issued, in accordance with
the authority conferred by the stockholders, $10,000,000 6 per
cent bonds, none of which, however, have been disposed of up
to this time. Two thousand five hundred and sixty of these
bonds have been lodged in accordance with the terms of the re
organization agreement with the receivers pending the com
pletion of the dissolution proceedings of the old corporations
in Kings County.
The decree of the Court dissolving
these corporations has been granted, and the bonds will soon
be returned to the treasury of the company. By reason of the
magnitude of the business and the remoteness of some of the
refineries belonging to the company, it has been found impos
sible to secure absolutely accurate reports up to December 31.
The books of the company, however, show net earnings for
the year not less than $5,073,002 17, from which amount two
semi-annual dividends have been paid to the stockholders,
each of 4 per cent on the common and %% per cent on the pre
ferred stock, amounting in all to $3,750,000, leaving a surplus
of net earnings of $1,323,002 17 reserved for contingencies.”
The balance-sheet Dec. 31, 1891, shows: Assets—Cash, $2,558,040; call loans, $1,196,955; sugar, bone black and supplies,
$7,110,549; outstanding accounts, $2,971,642; stocks and in
vestment, $3,558,288; loan account, $1,357,070; plant account,
$41,250,000; other items, $2,842,847; total, $62,845,391. Liabili
ties—Capital, $50,000,000; unpaid dividends, $1,879,912; loans,
balances due foreign banks and bills payable, $8,570,000; mort
gages, $180,000; sundry items, $892,476; surplus, $1,323,003;
total, $62,845,391.
P?Chesapeake & Ohio.—The managers of this company pro
pose to issue a long-time consolidated gold 4% per cent bond,
large enough in amount to cover all the known future needs
i f the company and to retire the underlying bonds as they
mature, and to exchange for the present preferred stocks. It is
desired to develop the property into a double-track system of
irore commanding importance in the trunk line business.
Uhe preferred stocks are to be exchanged for new bonds on
ihe following basis: First preferred to get two-thirds of its
par value in new bonds and one-third in new common stock;
second preferred to get one-third of its par value in new
bonds and two-thirds in new common stock. Arrangements
have already been made to dispose of enough of the new
bonds to give a fund to proceed with the immediate develop
ment of the road. The plan as outlined will involve the crea
tion of $18,000,000 new common stock. In case the company
decides to buy the Elisabethtown Lexington & Big Sandy Road,
it will give one of the new 4% per cent bonds for one o f the 6
per cent bonds of the Elizabethtown Lexington & Big Sandy
119
C H R O N IC L E .
Company. The new bonds will be a first mortgage on all o f
the new property to be built or acquired.
—The purchase of the Huntington roads is admitted by both
sides, and in regard to it Mr. M. E. Ingalls said to a New York
Times representative: “ The term9 of the deal include the tak
ing up of the Ohio & Big Sandy and Elizabethtown Lexington
& Big Sandy 6 per cent bonds and issuing Chesapeake & Ohio
4)^ per cent bonds in their place. The cost of the two B ig
Sandy roads will be paid with a part of these bonds. For the
first mort. bonds we shall give bond for bond. The certificates
of indebtedness will be replaced by new common stock. The
shares of Big Sandy will be replaced by shares of Chesapeake
& Ohio at the rate of one Chesapeake & Ohio for two B ig
Sandy.” * * “ The length of road thus secured is 190 milesW e shall issue $5,000,000 in 4% per cent bonds and $2,000,000»
in c o m m on stock.”
Chicago Rock Island & Pacific.—The directors have
authorized the extension of the road 140 miles from the
present terminus at Minco, Indian Territory, in the direction
of Fort Worth.
Cincinnati Jackson & Mackinaw.—A t Toledo, on the 8th
inst., the main line was re-sold for reasons stated in the
C h r o n ic l e of 2d inst. The property was bid in for the Re»
organization Committee, and they are now in possession o f
the whole line and will proceed with the reorganization.
Edison General E lectric Co.—The Edison Electric Illumin
ating Company has declared its regular quarterly dividend o f
1J4 Per cent, payable February 1. The Edison General Elec
tric Company announces that an erroneous impression seems
to have been formed in regard to the injunction granted by
Judge Barrett, restraining the Edison Electric Light Com
pany from paying a dividend. This injunction, the company
claims, affects only the details o f management of the Edison
Electric Light Company, and has no bearing whatever upon
the payment of the regular 2 per cent quarterly dividend of
the Edison General Electric Company, which will be paid
February 1, as usual.
Evansville & Indianapolis.—The operations for six months
en d in g D ec. 31 sh ow as b e lo w :
1890.
Gross earnings............................................. ............. $177,039
Operating expenses..................................... ............. 106,793
Net earnings.......................... .................. .............
Deduct—
Interest charge........ .................................... .............
Taxes............................... .............................
Rentals..................................... .................... .............
1891.
$197,028
101,516
$70,246
$95,511
$69,100
4,200
$69,100
4,387
5,400
$77,779
Balance..................... ................................ ............def.$7,533
$78,887
$16,624
Evansville & Terre Haute.—The terminal facilities owned
by this company yield a revenue from rentals received from
other companies, as shown in the items of car service and
miscellaneous earnings in the table below, which help to re
duce the operating expenses to the low percentage shown.
The following statement covering operations for the six
months ending Dec. 31 has been furnished:
Gross earnings—
1890.
Freight...................................
$362,906
Passengers...........................
135,527
Mail........................................
8,234
Express................
11,061
Car service............. . .......... -............................... 27,504
Miseéllaneous...............
36,903
1891.
$417,106
141,297
8,708
11,060
27,499
43,151
$581,132
$648,822
.$134,152
. 49,998
53,806
49,493
$189,465
68,061
55*884
38,183
..$287,449
..$294,682
(49*38 p.C.)
$301,593
$347,229»
(4648 p.c.>
.. $5,265
... 90,000
... 11,250
...Cr, 4,912
... 16,973
$11,250
90,000
11,250
4,145
15,877
$118,576
Surplus...............................................................$176,106
$132,522
$214,707
Total earnings................
O perating ex p en ses—
Conductiug transportation.
Maintenance of way............
“
equipment.
General expenses..____—
Total expenses........................
Net earnings.............................. j
Per cent of expenses to earnings.
D educt—
Interest Sullivan Coal mortgage.
n
Consol, m o r tg a g e ........
“
Mt. Vernon Branch.......
“
Floating d e b t................
Taxes..............................................
Milwaukee Lake Shore & Western.—The approximate
statement of the Milwaukee Lake Shore & Western Railway
Company for the year 1891 shows:
Gross earnings for eleven months.................-..........................$3*289,247
December (estimated)....................-......... ..................................
238,467
Total gross earnings................................ .................................... $3,527,714
Operating expenses and taxes for eleven months.................. $2,052,798
December (estimated)..................................................................
158,46*1
T ota l................ .
Net earnings..................
Miscellaneous receipts,
Total net reoipts......
Interest and rentals.
.$2,211,265
$1,316,44 S>
4,583
$1,321,033
788,139
Surplus for ihe y e a r .......................................
Sinking fund payments......................... ........
Seven per cent dividend on preferred stock.
Balance of income............................................. .............. . •- — ;
$532,893
$160,000»
350,000»
$22,893.
Minnesota Iron Company.—The recent application of thia
company to the New. York Stock Exchange contained tn$
following balance sheet as of Sept. 80,1891
120
THE
C H R O N IC L E .
Assets:
Real estate, mines and all mining property.......................... $ 8 ,4 3 3 ,5 7 4
Mining supplies..........................................................................
o9,6yy
Cash balance...............................................................................
*>4:7,oJa
Bills receivable............................................... ............................
Balance of customers’ accounts for ore delivered................
Iron ore on band, all sold but not delivered
.................... l » ^ 4 ,bdb
Duluth & Iron Range Railroad stock................................. --,
Duluth & Iron Range Railroad 6 per ct income certificates 3,500,000
400,000
Duluth & Iron Range Railroad 5 per cent bonds........... —
Minnesota Dock Company stock............................; ................
44,000
Minnesota Steamship Company stock, entire capital..........
300,ouo
Minnesota Steamship Co. First Mort. bonds, entire issue...
775,000
123,853
Advances to Minnesota Steamship Company...... .................
Town lot notes and sundry debtors.........................................
27,104
$16,497,698
Liabilities:
___ _
Capital stock....................................... .................- .................... $14,000,000
Approved vouchers, taxes accrued and all other indebted.
203,970
Surplus...................
2,293,728
$16,497,698
** The company had no other liabilities than above stated on
Sept. 30, 1891, since when the capital stock has been increased
by the issue of 25,000 shares ($2,500,000) in payment for the
entire capital stock of the Chicago & Minnesota Ore Co.
The authorized capital is......................
99
Total amount now issued................ .................................. 16,500,000 00
Profits for five months from May 1,1891, to date ........
408,999 18
“ The officers of the company are: H. H. Porter, Chairman;
D. H. Bacon, President; Henry Seibert, Vice-President; A. J.
Paterson, Treasurer; C. P. Coffin, Secretary; A. J. Paterson,
Assistant Secretary; C. P. Coffin, Assistant Treasurer. Direct
ors—H. R. Bishop, Benj. Brewster, D. O. Mills, H. M. Flagler,
R. P. Flower, Henry Seibert, New York ; H. H. Porter, Jay
C. Morse, Marshall Field, C. P. Coffin, Chicago ; R. H. Lee,
Philadelphia; D. H. Bacon, Tower, Minn.; P. H. Kelly, St.
Paul, Minn.
“ This company has acquired the whole of the capital stock
<of the Chicago & Minnesota Ore Company, a corporation of
the State of Illinois incorporated on the 26th of April, 1889,
consisting of 20,000 shares of the par value of $ 00 each, equal
to $2,000,000, full paid and non-assessable, and in payment
therefor has issued 25,000 shares, equal to $2,500,000, of the
authorized and unissued capital stock of the Minn. Iron Co.”
New York Stock Exchange—New Securities Listed.—1 he
Governing Committee have added to the list the following:
|vol L I / .
Richmond & West P oint Terminal.—President Olcott o f
the stockholders’ committee announces that they have al
ready received proxies on more than 500,000 shares from this
company’s stockholders. As a mere outline of what the com
mittee’s plan may be, it is said that a new company will be
formed with power to act as a general proprietary company
like the present Richmond Terminal, but a Iso to operate roads.
If the charter of the Richmond Danville & Southwestern
Railroad, now under investigation, is not satisfactory, a new
company will be formed.
The new company will issue its
securities in exchange for those of the several companies in
the R. T. system, which will go into its treasury, as will also
the present R. T. bonds and stocks, and it is estimated that
$189,000,000 of new bonds and $136,000,000 new stock will be
required to provide for everything.
Savannah Americus Sc Montgomery.—The application of
this company to the New York Stock Exchange was to list
$2,900,000 of its first mortgage six per cent thirty-year gold
bonds, Nos. 1 to 350, and 601 to 3,240 inclusive, of $1,000
each. Mortgage dated April 1, 1889 ; interest payable January
and July 1 of each year. Trustee, The Mercantile Trust &
Deposit Company of Baltimore.
This road is completed from Lyons, Ga., to Montgomery,
Ala., a distance of 270 miles, the gauge being 4 feet 8% inches,
60-pound steel rails of first quality being used. The liabilities
consist of a car trust amounting to about $500,000, maturing
monthly through seven years.
The equipment of this company consists of 22 locomotives,
28 passenger and baggage cars, 687 box freight cars, 723 flat
cars, 8 cabooses, 1 steam shovel, costing altogether up to this
date $958,915, on which there are trust notes not yet due ag
gregating $541,963, December 1, 1891.
E A R N IN G S A N D E X P E N SE S.
Gross earnings fiscal year 1890-91...............................................$491,498
Operating expenses fiscal year 1890-91 ..................................... 282,132
Net earnings.....................................
$209,366
Fixed charges fiscal year 1890-91 ................................................ 144,534
Surplus........................................................
This statement of earnings for the fiscal year dates from July
1, 1890, to June 30, 1891, and only covers the line of the Sav.
Amer. & Mont. Railway, as per mileage named, as at that time
they were not operating the Albany Flor.& North. Railway.
Mileage in operation, 1889-90, Louvale to Helena, Ga., 135 ;
during 1890-91, Louvale to Lyons, Ga., 175; during four
months 1891-2, Omaha (Chattahoochee River) to Lyons, Ga.,
190. The par value of the stock of this road is $100 per share,
and about a million dollars’ worth has been sold at par. The
office of the company is at Americus, Ga., and the officers are
as follow s: S. H. Hawkins, President; S. W . Coney, VicePresident ; W . E. Hawkins, Second Vice-President; and S. C.
Cooper, Secretary and Treasurer. Transfer Office and Regis
try at New York office, 379 Broadway, where New York
holders can receive payment for their coupons.
C e n t r a l & S o u t h A m e r ic a n T e l e g r a p h — $1,692,000 additional
c a p i t a l stock to be placed on the list Jan. 23. making total amount
lisped on that date $5,500,000, and on Feb. 1 an additional $1,000,000,
making the total amount listed on that date $6,500,000.
C h ic a g o P e o r i a & S t . L >u is R a i l w a y — $1,041,000 first c o n so li«dated m o rtg a g e 5 p e r ce n t g o ld b o n d s o f 1939.
L o u is v il l e N e w A l b a n y & C h ic a g o R a i l w a y — $3,200,000 a d d i
t io n a l c a p ita l s to c k , m a k in g th e to ta l a m ou n t lis te d $9,600,000.
L o u is v il l e & N a s h v il l e R a il r o a d — $500,000 additional unified
fifty-year 4 per cent gold coupon and registered bonds, making the
total amount listed $7,750,000.
M il w a u k e e L a k e S h o r e & W e s t e r n R a i l w a y — $375,000 a d d i
t io n a l e x te n s io n an d im p r o v e m e n t 5 p e r ce n t g o ld sin k in g fu n d b o n d s,
m a k in g th e t o ta l a m ou n t lis te d $4,104,000.
N o r t h e r n P a c if ic T e r m in a l C o m p a n y o f O r e g o n — $600,000 a d d i
South Carolina Railway.—The new reorganization plan
t io n a l first m o rt. 6 p. c. g o ld b o n d s, m a k in g t o ta l liste d $3,600,000.
N o r f o l k & W e s t e r n R a i l r o a d — $7,050,000 Maryland & Wash signed by Messrs. Fairchild, Manson, Pomroy and Dillawav
will be found in our advertising columns.
ington division first 5 per cent gold bonds.
R o m e W a t e r t o w n & O g d k n s b u r g R a il r o a d — $300,000 a d d itio n a l
Western N. Y. Sc Pennsylvania.—There has been a sharp
c a p it a l s to c k , m a k in g th e to ta l a m ou n t liste d $7,968,100.
Sa v a n n a h A m e r ic u s & M o n t g o m e r y R a i l w a y —$2,990,000 first contest for control of this road. Two tickets were in the field,
mortgage 6 per cent thirty-year gold bonds of 1919.
one headed by President Calvin H. Allen and the other by ViceW est V i r g in i a C e n t r a l & P it t s b u g R a i l w a y —$300,000 additional
President Samuel DeCoursey, who represented Philadelphia
first mortgage 6 per cent gold bonds, making total listed $2,800,000.
W h e e l in g & L a k e E r ie R a i l w a y — $1,000,000 additional common interests. The latter ticket was elected as follows: Samuel
capital stock, making the total amount listed $ 6 ,0 0 0 ,0 0 0 .
G. DeCoursey, Nicholas Thouron, George E. Bartol, Charles
Ohio & Mississippi.—-Advices from Springfield, III., are
that papers have been filed in the Sangamon Circuit Court by
Attorney-General Hunt, in the name of the people of Illinois,
-upon relation of McKim, Fahnestock and Balsh, summoning
Joseph Smith, Edward Whittaker and E. H. R. Green to ap
pear Jan. 20 and show cause why they should not be ousted
from the office as directors of the Ohio & Mississippi Railway,
Pittsburg Shenango & Lake Erie.—Comparative state
ment of gross earnings, operating expenses and net earnings
fo r six months ending Dec. 81, 1890 and 1891, Dec. 1891
being approximated :
M. Lea, William C. Bullitt, J. Rundle Smith, William T.
Tiers, E. W . Clark, Jr., John K. Barclay, Gustav E. Kissel,
John D. Probst, William Mertens and Edward L. Owen. The
capital stock of the company consists of 197,120 shares. Of
this amount about 105,000 shares are held in Philadelphia,
12,000 in New York and 80,000 in Holland. The Holland stock
is voted through an Amsterdam trust company.
An important question came up as to voting the Dutch
stock, for which President Allen claimed to hold proxies, and
the legal question involved is one which may seriously affect
the status of foreign holdings when placed in a “ trust ” or
July 1 to
July 1 to deposited with a syndicate. The Philadelphia Press reports:
Gross earnings—
Dee. 31, ’90.
Dec. 31. ’ 91.
“ President Allen attempted to cast the Holland vote. He
Freight........................... ........... , , , , , — ,.$80,622
$113,556 produced a joint proxy which gave him and Vice-President
Passenger........................................................... 49,282
81,804
m a il... .....................................
2,296
3,296 DeCoursey the right to vote the stock. Mr. Allen claimed he
Express...............
2,812
5,195 held proxies and that he would cast 155,993 4-7 votes each for
Miscellaneous..........................
2,936
453 himself and his associates.
Mr. Allen presented two cable
T ota l..............................................
$137,950
$204,307 grams from Amsterdam authorizing him to vote the proxies
Operating exp en ses........................................ 84,593
126,952 himself.
At this Mr. DeCoursey said : “ Where are the other cable
Net earnings from operation......................... $53,357
$77,354 grams bearing on the same subject ? Is that all you have ?
Poughkeepsie Bridge.—The Erie has leased the Pine I say it is not. Where is the one you received last night, tellIsland Branch of the Poughkeepsie Bridge and the Central ng you to support me ?”
*
*
Hew England & Western system. It is five miles long, run
Mr. Bispham, as counsel for the judges of election, finally an
ning from Campbell Hall to Goshen, N. J.
nounced their decision that under the law of Pennsylvania the
Richmond & Danville.—The Richmond Terminal pro right to vote stock could not be divorced from the ownership of
gramme was carried out in Richmond January 12. Mr. it. “ The question is—is this Dutch company the absolute owner
John H. Inman was re-elected President, and the follow of this stock. It collects dividends, but in this paper we have
ing board of directors was chosen: Samuel Thomas, John G. the declaration that this is for the account of holders of cer
Moore, John A. Rutherford, Samuel M. Inman, James B. tificates. Now it would appear that it is not the absolute
Pace, Calvin S. Brice, C. M. McGhee, George J. Gould, W . J. owner of the stock, but is a stockholder, in part only, for
others. The judges, therefore, decide that this proxy offered
Oakman, James Swan, W . E. Strong and Gen. T. M. Logan.
—The members of the committee that subscribed $6,000,000 to be voted for the Dutch Company by Mr. Allen and Mr. De
for Richmond & Danville’s floating debt have appointed Coursey is not a valid proxy and that the vote should be ex
Messrs. C. M. McGhee, J. C. Maben, W . E. Strong, J. A. Gar cluded.” There was a protest against this decision, but it was
land and John G. Moore a sub-committee to carry out the maintained. The Dutch proxies were rejected and President
■wishes of the committee.
I Allen and his party consequently defeated by a large majority.
$
J anuary
THE
16, 1S92.I
g lx e
C o m m e r c ia l
121
C H R O N IC L E
'g i m e s .
Ch e M o v e m e n t
C O T T O N .
F r i d a y , P. M., January 15, 1892.
o f t h e C r o p , as indicated bv our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 162.788 bales,
F r id a y N i g h t , Jan, 15,1892.
against 230,205 bales the previous eight days and 228,169 bales
A week of unusually mild weather for the season closes with the previous six days, making the total receipts since the 1st of
Sept., 1891, 5,194,295 bales, against 4.837,613 bales for the same
r snow-storm and turning colder. The temperature has been
period of 1890-91, showing an increase since Sept. 1. 1891,
very severe in the Northwest and in the Mississippi Valley. An of 306,682 bales.
_____________________________ _
adequate ice crop is yet tobe secured. The coal trade is fairly
Total. 3
Receipts at— ] Sat. I Mon. I Tues.
Wed. 1Thurs. Fri.
active. Cotton suffered a further decline early in the week,
4,220 5,623 3,077 3,275 2,906 2,463 21,564
Galveston........
causing important failures in New Orleans and Philadelphia,
1,987
...
. . . . . . 1.987
£1 Faso, &c...
but latterly prices have taken a stronger turn. Wheat also New Orleans... 13,688 11,662 30,190 3,239 7,001 7,160 72,940
198
declined, but not enough to lead to an export movement on any Mobile...............
3,968
302 1,543 1,143
75
707
55
55
liberal scale. The diplomatic relations of the Federal Govern Florida............. . . . . . .
ment and Chili are still unsettled, and are begining to cause Savannah........ 1,898 3,198 1,122 1,763 2,035 1,601 11,617
5,972
......
Brunsw’k, &c. . . . . . .
.... . . . . . . 5,972
anxiety in mercantile circles having relations with South
641
6,949
753
707 2,875
Charleston.......
862 1,111
America.
_ ........ ........ . . . . . .
Port Royal,&c ...
215
1,384
Lard on the spot has had only a moderate sale and closes Wilmington___
215
144
297
261
252
73
73
WaSh’gton,&c
dull, with prices somewhat nominal at a partial decline from
854 1,538 1,205 10,862
figures recently quoted; prime City, 6 05@6*10c.; prime West Norfolk............. 2,550 3,388 1,327
657
6,588
619
West P oint... 1,444 1,130 1,685 1,053
ern steam, 6;55c., and refined for the Continent, 6*60@6*90c.
4,528
........ . . . . . .
........ 4,528
N’wp’tN ’s,&c. ........
Lard for future delivery has fluctuated at a wider range than New York........
4,169
600
873
639
541
849
667
892
2,738
usual, subject largely to manipulation, being somewhat de Boston.............. 1,191
178
397
202
37 S
pressed to-day by selling on Western account, prompted in Baltimore........ . . . . . . ■■■■■a . . . . . . . . . . . . ........ 5,005 5.006
2,389
74 1,371
495
138
Philadelph’ a,&c
154
157
some degree by the low price of corn.
COMMERCIAL
EPITOME.
Totals this week 27,011 30,889 40,783 13,428 16,554 134,123 1162,788
Frt.
For comparison we give the following table showing the
6 53
6*55 week’s total receipts, the total since September 1, 1891, and
6*68
6*64 the stock to-night, compared with last year.______________ _
6*82
6*88
6*77
Stock.
1890-91.
1891-92.
Receipts to
Pork at somewhat easier prices has shown much more ac
Since
Sep.
Since
Sep.
This
This
J a n .15.
1891.
1892
Week. 1,1890.
tivity, and closes with a good demand at $9 75@$10 50 for
Weelc. 1,1891.
DAILY CLOSING PRICES OF LARD FUTURES.
Sat.
January delivery... ____ 0 . 6*60
February delivery.. ...,c . 6 64
March delivery........____ 0 . 6*73
6*84
May delivery..........
Mon.
6*55
6 59
6 65
6*78
Tues.
6*55
6*59
6*69
6 81
Wed.
6*61
6*67
6*75
Thvr.
6*58
6-60
mess, $9 25@$9 50 for extra prime and $12 50@$14 50 for clear.
Beef has been dull ; extra mess $7@$7 50, packet $8 50 @$9 50,
family $10@$12 per bbl.; extra India mess $16 50@$19 per
tierce. Beef hams have been active at the West at $12 per
bbl. and close firm here at $13. Cut-meats have been more
active; large sales of pickled hams in tierces are reported
from the West at 8%@8%c. for the spring months, and sales of
city cuts were made to day at 5%c. for light pickled bellies,
4%c. for shoulders and 7%c. for hams. Tallow has been
active, but closes quiet at 4%@4 13-16c. Stearine is firmer at
7%@7%c. in hhds. and tcs. Oleomargarine is firm at 5%c.
Butter is firmer at 24@32c. for creamery. Cheese is firmer at
10% @ 12c. for State factory, full cream.
Coffee on the spot has been moderately active, and closes at
slightly better prices. Rio No. 7 is quoted at 13%c. To
day’s sales included Rio No. 7 at 12%c., c. & f., and Santos
No. 6 to arrive at 15c. Mild grades have been in fair demand.
Good Cucuta is quoted at 20c. Java is held higher. The
speculation on contracts continues dull, but values have made
some improvement on stronger European advices accompa
nied by a few buying orders. The close was steady, with
sellers as follows:
January......... ...12*80c. IApril......... .
ll*90o. [ July................ ll*70e
February...........12'40o. M a y.................. ll*80o. A u g................ ll*70o.
March.................12*10c IJune.................. ll*75c. |Sept................ ll*70c
—an advance of 10@30 points for the week.
Raw sugars have been quiet, but prices hold steady, closing
at 3@3 l-16c. for fair refining muscovado and 3 7-16@3%c.
for centrifugal, 96 deg. te3t. To-day molasses sugar, 89
deg. test, sold at 2%c. Refined sugars have been fairly
active, but at easier prices; quoted at 5@5%c. for crushed
and 4@4%c. for granulated. A t the tea sale on Wednes
day the offerings were much larger and prices were easier.
Kentucky tobacco is quiet, the offerings being quite small.
Seed leaf shows more activity, the sales aggregating 1,454
cases, as follows: 500 cases 1890 crop, Pennsylvania seed, 11%
@13c.; 200 cases 1890 crop, Pennsylvania Havana, 13@30c.;
250 cases 1890 crop, State Havana, 13% @25c.; 104 cases 1890
crop, New England seed, 21@35c.; 100 cases 1890 crop, Zim
mer’s, 12@14c., and 150 cases sundries, 6% @35c.; also 700 bales
Havana, 70c.@$l 15; 100 bales Yara II cut, 82@84c., and 200
bales Sumatra, $2@$3 25.
Straits tin is without change and again quoted at 19*90c, on
the spot. Ingot copper is quite nominal at 11c. for Lake.
Domestic lead is quiet and quoted at 4’20c. S oelter is quoted
at 4*70c. The interior iron markets are fairly active, but trade
here is qu iet; No. 2 pig quoted at $15*50 for Southern and
$16*50 for Northern : steel rails $30.
Refined petroleum is quoted at 6*45c. in bbls., 7*79c. in cases
and 3*95c. in bulk; naphtha 5*50c.; crude petroleum 5*89c. in
bbls and 3*30c. in bulk. Crude certificates sold to-day at
62%@63c. Spirits turpentine was fairly active and clo3e3
firmer at 35%@35c. Rosins are quiet and unchanged at $1 37%
@$1 42% for strained. W ool remains dull, although the in
quiry has improved somewhat. nHops are still wanted for
export at full \ rices
100,586
124,340
512,653
46,659
324,794
51,275
100,366
7,216
71,344
97,028
10,108
59,621
17,610
21,003
64.563
7,185
2,320
366,566
23,000
14,008
9,578
73,494
27,928
19,295
118,376
23,000
10,716
5,830
Totals........ 162,788 5,194,295 174,855 4,837,613 1,343,659
966,308
Galveston...
El Paso,&o.
New Orleans.
Mobile. ,
Florida........
Savannah...
Bruns., &c.
Charleston..
P. Royal, &c
Wilmington.
Wash’tn,&c
Norfolk........
West Point.
NwptN.,&o
New Y o r k ...
Boston.........
Baltimore...
Phil’del’a.&o
21,564 908,563 16,752 804,929
14,273
22,634
1,387
1,987
72,940 1,704*830 58,267 1,419,648
5,500 219,307
3,968 206,606
33,062
55
394
20,310
11,617 807,603 19,913 827,291
5,972 131,307
4,191 146,313
6,949 394,536 11,161 349,043
596
1,297
50
5,094 155,443
1,384 137,446
3,080
206
73
1,807
10,862 394,816 22.253 455,085
6.588 239,632 10,696 246,193
50,483
27,665
6,348
4*528
43,574
39,848
5,815
4,169
54,883
63,092
4,754
2,738
36,039
215
5,035
46,537
27,866
1,359
45,703
2,389
In order that comparison may be made with other years, we
give below the totals at leaiin ; ports for six seasons.________
Receipts at—
1892
1888.
1887.
1890.
18,639
53,267
5,500
19,913
15,357
54,306
9,187
16,306
9,082
3,065
12,259
17,129
12,487
5,512
38,635
5,692
9,345
6,199
2,008
8,279
10,527
19,156
.18,816
62,662
8,987
17,160
7,131
4,675
13,155
7,105
16,193
149,178
105,403
155,884
23,551
72,940
3,938
11,617
6,919
1,457
10,862
11,116
20,328
5,300
22,253
17,044
16,728
19,274
60,597
6,297
22,194
4,793
2,974
9,163
11,850
21,726
Tot. this week 162,788
174,855
158,868
Galv’ston,&o
New Orleans
Mobile..........
Savannah...
Charl’ st’n.&o
Wllm’gt’n,&c
Norfolk........
W’t Point, <feo
All others...
1889.
1891
1 1,211
Since Sept. 1. 5194,295 4887,613 4656,268 4141,192 4396,002 4213,641
The exports for the week ending this evening reach a
total of 125,277 bales, of which 61,407 were to Great Britain,
16,858 to France and 47,014 to the rest o f the Continent. Below
are t ie exports for the week and since September 1, 1891.
Export*
from —
From Sept. 1,1891, to Jan. 15,1892
Week Endino Jan. 15.
Exported to—
Exported to—
Conti
Conti
Total
Great
Great
Total.
B rit’n. France nent. Week. Britain. France nent.
511,756 45,120
511,353 255,674
27,183
166,483 25,601
78,742 4,849
142,913 5,550
55,953
2,221 104,819 7,900
4,619
76,339
2,943
12,189 2,548
7,810 15,618 233,831 16,250
411 15,271 134,739
65,120 3,200
4,517 7,066
621
10,618
83,476 640,352
315,690 1,082,717
27,483
202,449 394,533
83,591
123,926 272,389
93,888
37,932
21,568 134,287
87,652
11,283
14,737
107,525 357,596
3,514 138,283
55,711 114,031
11,218
600
61,407 16,856 47,014 125,277 2.122.3611886.692
963.704 3,452,757
6,173 19,375
Galveston....... 11,203
New Orleans.. 5,81? 15,544 13,458 31,819
Mob. & P e n d i
11,633 15,283
8,050
Savannah ......
3,893
3,893
Brunswick . . ..
1,950 1,950
Charleston. . ..
W ilm ington...
1,533 1,533
2,221
W est P o in t...
N’portNws, &c
New Y ork.......
Baltimore.......
Phiiadelp’a,&c
4,619
1,872
8,102
14,860
2,519
621
1,076
236
Total, 1890-91. 76,186 12,051 10,866 - g y a i 1.85ft 83?l 380-719 1137 564 3 375.120
122
THE
C H R O N IC L E .
[V ol LIY,
In addition to above exports, our telegrams to-night also
T h e S a l e s a n d P r ic e s o f F u t u r e s are
give us the following amounts of cotton on shipboard, not following comprehensive table:
cleared, at the ports named. W e add sim ilar figures for
”3
hi
3
2
•0S
®T 0^0=2.
Ohi®* Ohjoo®
New York, which are prepared for our special use by Messrs,
QhdODo
©
m P®
oœ a ® P
Carey, Yale & Lambert. 24 Beaver Street.
8®œ j»® ®v)
©
©D©
2 J©"-*ft
©©
Pi © © © i
■;•©
©O
QlB JO
tn M- /Ti rr, !
8©
*3»£—
>* P OB'. >•
»® O
p©
On Shipboard, not cleared—fo r
0$WO.'y
sf Ri os •d o'*
•öS : 5 j; s>
oü
p gco et-H
s> s-i 'w
Leaving
• s-p a
P
Jan. 15 at—
K-p s>
Great France. Other Coast
Stock.
» aa
Total.
Britain.
Foreign wise.
7?I _
s>r £
®
New Orleans... 40.538 19,499 14,376 None.
®®
®
438,210
74,413
P
T
K
9
I
Galveston........ 28,902
4,054
2,021
1,123
36,100
64,486
Savannah.........
Charleston.. ..
M obile..............
Norfolk.............
New Y ork........
Other p o r ts ....
None.
2,000
7,000
16,500
4,800
25,000
None.
1,000
None.
6,000
None. None.
None. None.
100 2,500
None. 12,000
2,800
1,500
None.
1,650
None.
None.
Total 18 9 2... 124,740 23,653 37,897
?,S00
9,500
7,000
18,150
7,400
37,000
96,566
61,844
39,659
46,418
359,166
43,917
<1
,03
®lÌMHl
►Tin COS
p. M® g
"*4 COOP
* *i©
1 &
The speculation in cotton for future delivery at this market
opened rather better on Saturday last, but the strength soon
turned to weakness, which was not checked until prices had
reached a still lower level. On Monday January contracts
Sold at 6’99c., but for the active months the lowest prices
were made on Tuesday, namely 7*01c. for February, 7*24c. for
April, 7‘3oc. for May, 7‘45c. for June, 7*55c. for July and
7 ’63c. for August. The depression was due to the market
falling into a state of collapse under the estimates received
from the South of a continued large movement of the crop.
On Tuesday afternoon a reaction set in and prices advanced
rapidly on stronger accounts from Liverpool, with the port
receipts falling considerably below estimates, bringing out
free buyers to cover contracts.
It was understood
that on Wednesday morning large buying orders came
from the Continent, not only to cover contracts but
to secure cotton for future consumption.
The ad
vance made progress to the close of Thursday, when prices
were 37@40 points higher than the lowest figures given above.
To-day there was a sharp decline at the opening owing to the
failure of Liverpool to respond to our advance. The course of
the Liverpool market was said to be caused by the receipt of
cable advices over night, saying that the reduction in our crop
movement was due to bad weather at the South. Many of the
bulls, however, asserted that it is due to exhaustion of planta
tion reserves, especially in the Atlantic States and the Eastern
Gulf States. A pretty full recovery followed when it was
seen that interior receipts were small, but a fresh decline
occurred under rumors that large crop estimates were forth
coming. The small decrease of interior stocks was also an
element of weakness. Cotton on the spot advanced y&c. on
Monday, but there was only a limited business for home con
sumption. There was yesterday a further advance of l-16c.
To-day the market was quiet at 7 9-16c. for middling uplands.
The total sales for forward delivery for the week are 910,800
bales. For immediate delivery the total sales foot up this week
2,248 bales, including 46 for export, 2,202 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 9 to January 15.
UPLANDS.
Sat.
Ordinary.............................lb.
Strict Ordinary..........................
■Good Ordinary...........................
Strict Good Ordinary................
Low Middling.............................
Strict Low Middling..................
Middling......................................
Good Middling............................
Strict Good Middling................
Middling Fair..........i .................
M i r . . . . ........................................
ßh6
STAINED.
5
53s
6H
5
538
53i6
51«
59x6
5716
614
63a
6 16
6716
6®8
6?16 611x6 63i
7
Ölßio
^ ° 16 71x6 718
7 14
73x6 7°16 73s
73s
71«
79x6
¿he 73s
7%
£ lle 7^X6 7 78
8
7lfcie 71
16 She 81a
81«
81«
8 9 X6
858
811x6
8151f 878
9
878
She
Sat. VI o il T u e s W e d T h .
GULF.
Ordinary............................. # lb.
Strict Ordinary...........................
Good Ordinary............................
Strict Good Ordinary................
Low Middling.............................
Strict Low Middling..................
Middling......................................
G ood Middling............................
Strict Good Middling................
Middling Fair.............................
M on ^ T u es W e d T il.
P i«
51316
611x6
7
73s
75s
7!3 iß
810
83a
815x6
9516
Sat.
G ood Ordinary...................# lb.
Strict Good Ordinary.................
Low Middling.............................
Middling......................................
49x6
53x6
6he
53fl
5%
650
615x6
7°16
7»X6
7^
§h e
85x6
878
59s
5%
65s
615x6
76ie
7916
794
She
51«
57s
6%
7he
7he
711x6
7 7s
83x6
|he
9%
59x6
|î®16
618i0
7 I8
71«
7%
71516
8M
81«
lit1
8786
91i 6
914
914
She
V I o iiT u e s W e d T h .
41«
5ia
6
615x6
41«
5%
6
615i 6
45s
4Ui6
5he
6316
7!s
514
6 !8
7he
5*16
6716
6V
718
73a
79x6
778
81s
811x6
She
F r i.
613i 6
718
71«
7%
V *m
8M
81«
S116
9he
F r i.
Saturday
Monday..
Tuesday,.
Wed’da y.
Thursday
F rid a y...
Steady ...............
Quiet at h « dec.
Quiet................
Quiet at is adv,.
Quiet at hfi adv.
Steady...............
T otal... .................... .......
46
....
....
. ...
Con- Spec- Tran
sump. uVt'n sit. Total.
837
442
116
337
310
160
46 2,202
__
....
....
—
—
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-4 -4 0 -4
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4U i 6
* Includes sales in September, 1891, for September, 19,600: Septem'J
ber-October, for October, 344,200; September-November, for Novem
5®13
63x6 ber, 619,000; September-December, for December, 1,067,300.
718
SALES OS’ SPOT AND TRANSIT.
Ex
port.
:
<i
< l< I O < I
IÓ M ® M
CPCO
fcO
f I
MARKET AND SALES.
SPOT MARKET
CLOSED.
W 1 ®k0
o©
0
1
S. a u
gs S
^
as*
pa »3»Si*
«a
-0 05
to
0
01
SS ; - 4 - 4 ►
koto ; coto ®
QC —4 M •"
-4CÏM1* toco **
I
I to
I • »:
C*
*40^4 ^3<4©^q <4^q©<l
I1 r?i*
w®e
cowco
-4 to
*to
>
-3 -3
SS ^ - 3 - 3 0
£
co cc ®
CO ©
to ©
10f* •
®<
00
00<4^** th
to 00 CO **
HH W1*
I Si.®:
1
1 s.'1:
I 9 «:
M
10
to
F r i.
513
:
CO
S.
n■• S
85< <0 5aS *
2
-P
iÒ
<-« 2
-4 -4
685,373
538,629
g2gS
t
©
©P
2j
>-•©
©©
P ©'V P S-PS
¡n
• <
¡3.®cn£T O v C h
A
Si«ga 18*®
Wo*
“flOt* • < 4© * ®
¿Of*’ *■»ob®*
t&O t* »O S '
00
gtSOJ®
S siy-M
a ai»
05 ODO»
7,073 193,363 1,150,296
Total 1891... 187,439 19,536 53,811 20,649 281,435
Total 1890... 86,367 19,995 49,552 20,344 176,258
shown bv the
^ cne
Sale9 of
Futures.
883
442
116
337
310
160
102,300
159,400
130,590
166,500
183,0o,)
169, Uh)
2.248
910,800
The following exchanges have been made during the w eek:
’57 pd. to exch. 100 Feb. for July. •24 pd. to exeh. 2,100 Mch.for May.
’10 pd. to exch. 1,900 Feb. for Mch. •10 pd. to exch. 300 June for July.
11 pd. to exch. 100 Feb. for Mch. ■04 pd. to exeh. 500 Feb. for Aug.
•11 pd. to exch. 1,000 Apr. for May. •11 pd. to exch. 100 Feb. for Meh.
•15 pd. to exch. 200 J an. for Mch. •31 pd. to exch. 100 May for Aug.
•22 pd. to exch. 1,500 Feb. for Apr.
and consequently all the European figures are brought do wix
to Thursday evening. But to make the totals the comp'ete
figures for to-night (Jan. 15) we add the item of exports from
he United States, including in it the exports of Friday oM t .
THE
J ANTJARY 16, 1852. J
1892.
1,515,000
11,000
1891.
918,000
20,000
1890.
975.000
14,000
1889.
714.000
5,000
Total Great Britain stock. 1,556,000
2,300
Stock at Hamburg.............
134,000
Stock at Bremen................
22,000
Stock at Amsterdam........
300
Stock at Rotterdam..........
5,000
Stock at Antwerp. . . . . . . . . .
247,000
Stock at Havre...................
8,000
Stock at Marseilles............
75,000
Stock at Barcelona...........
12,000
Stock at G jnoa.................
16,000
Stock a tT .ie ste ................
958,010
3,300
177,000
10,000
500
7,000
184,000
3,000
67,000
6,000
7,000
989.000
2,200
139.000
7,000
300
7,000
149,000
3,000
80,000
5,000
10,000
719.000
2,400
12,100
19,000
300
400
111,000
3,000
19,000
3,000
4,000
521,600
464,800
402,500
174,200
Total European s to ck s .... 2.077.600 1,422,800 1,391,500
95,000
53,000
19,000
India cotton afloat for Europe.
Amer. cott’ nafloatf or Europe. 569,000 530,000 557,000
63,000
37,000
54.000
Egypt,Brazil,&c.,afltforE’r’pe
Stock in United States ports.. 1,343,659 966,308 714,837
Stock in U. 8. interior towns.. 627,004 490,972 338,848
17,800
16,523
-United States exports to-day.
893,200
80,000
490,000
50.000
917,337
425,866
16,226
Total Continental stocks.
Total visible su p p ly ..-...- 4,708>063 3,548,103 3,219,145 2,872,679
O f tbeabove. tbetotals of American andotber descriptions areas follows:
Tilvernool s to c k .........b a le s . 1,307,000
Continental stocks— ............
419,000
A m e r ic a n afloat for Europe... 569,000
^United States stock.................. 1,343,659
Uaited States interior stocks.. 627,004
'«Jaited States exports to-day.
17,800
651,000
361,000
530,000
966,808
490,972
16,523
764,000
318,000
557,000
714,887
388,848
34,910
102,600
19,000
54,000
103,800
58,000
63,000
12 3
C H R O N IC L E .
583,000
137,000
490,000
917,387
425,866
16,226
Q u o t a t io n s
for
M id d l in g C o tto n
at
O t h e r M a r k e r s .—
Below we give closing quotations of middling ootton at South
ern and other principal cotton markets for each day of the w eek :
Week ending
Jan. 15.
Galveston...
New Orleans
Mobile.........
Savannah...
Charleston..
Wilmington.
Boston........
Baltimore...
Philadelphia
A u gusta....
Memphis....
St. Louis___
Cincinnati..
Louisville...
CLOSING QUOTATIONS FOR MIDDLING OOTTON ON—
Moti.
Tues.
Wednes.
61316
678
6%
6916
63 tä 78
6%
6 78
77l6
73s
6 s4
6i3la
658
61*
6% @7s
6%
6%
73s
6^
G7a
65;}
65fj
678
6\
6%
Satur.
6i3ie
6*8
6%
658
63t
6%
67g
77l6
73s
7%
67s
67a
61516
714
74j
714
7*4
Fri.
6 78
G1516
6^
65a
67s
63t
6 7a
733
714
678
678
61^6
Thurs.
7M
713
714
61 *16
71316
7
678
pi*ia
61316
678
s 78
i 16
6
714
7116
714
7116
G.l°16
6 1ô16
6%
SI1!«
678
63±
6?8
714
7 7s
6 78
Gl®16
bl*i6
Si’
7*416
714
714
7H
Southern markets were as follows:
63* Little R o o k . . . .
65a Newberry...
Atlanta__ . . . . .
Raleigh.......
7
7
63i Montgomery. .
Columbus, Ga.
6% Selm a.........
6^4 Nashville........
6*%
Columbus, Miss
6% Shreveport.
658 N atchez...........
6%
Eufaula.......... .
R e c e ip t s F r o m t h e P l a n t a t io n s .— The following table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
Total A m e rica n ....... . . . . . 4,283,463 3,016,303 2,777,645 2,569,479 consumption; they are simply a statement of the weekly
East Indian, Brazil, dtc.—
_
__ _
___
movement from the plantations o f that part of the crop which
¿Liverpool s t o c k . 238, 000 287,000 211,000 131,000 finally reaches the market through the outports.
.London s to c k .........................
11,000
20,000
14,000
5,000
•Continental sto ck s..................
£ndia afloat for Europe.......... .
Egypt, Brazil, &c., afloat........
84,500
9o,000
37,000
37,200
80,000
50,000
Total East India, &c.......... 424,600 531,800 441,500 303,200
Total American.................. 4,283,463 3,016,303 2,777,645 2,569,479
Total visible supply.......... 4,708,063 3,548,103 3,219,145 2,872.679
Prloe Mid. U pl.,L iverpool....
4ii6d.
55ied.
5 i«i6d.
5916<1.
'Price Mid. Upl., New Y o rk ....
79ie<5.
9^0.
lO^ieo.
915j6o.
The imports into Continental ports this week have been
178,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 1,159,930 bales as compared with the same date
o f 1891, an increase of 1,488,918 bales as compared with the
•corresponding date of 1890 and an increase of 1,835,384 bales
as compared with 1889.
A t t h e I n t e r io r T o w n s the movement—that is the receipts
io r the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
oorresponding period o f 1890-91—is set out in detail in the
foNowing statement.
Ü Sg
503<
►•33 ocqajts
PP® ï-o p a s
•85 ® S2.2®
z* p © ; M™
V,
3 g §9 S*g w® § *P“■00 H B SS p î
® ® £ B
CD o
0 a ® b*© » g S® E■SgS
5ä*ö.f.? £O§vTBo*ef
<•85 O 85
t- w
: tr^s c a 2.
&'* 0 t
O'* \Jr i S o ö H® *
w O' s
®■Ssil
X HH p g F “ ©
“8 H.* W:
P ®®
l»aOQa*.te*®
®
OJ
0
/*»Q“
ta: M h
So ¡»"P H P P
: o?:
Vi I 85 85
CD CD » P r*p p : ►
r r ig j
Receipts a t the P orts. St’k a t Interior Towns. Rec’pts frort1 PlanV ne,
Week
Ending— 188S-S0
1890-91 1891-92 1889-90 1890-91 1891-92 1889-90 1890-91 1891-SS
D ec.
“
«
“
Jan .
“
1 1 ....
18.......
2 4 .......
8 1 ____
8 .......
15.......
252,612
252,256
248,408
218,640
139,826
158 868
257,529
266,327
270,782
246,969
217,177
174,855
295,504
277,984
230.796
228,169
230,205
162.788
343,569
398,546
444,468
455,725
433,198
388,848
469,189
506,386
550,410
538,652
513,751
490,972
554,754
607,463
632,099
644,980
629,550
627.004
803,678
302,233
294,330
229,897
117,299
114.518
295,775
303,524
314,806
235,231
192,276
152,076
328,83»
330,69»
255,438
241;050
214,775160.248
The above statement shows: 1.*—That the total receipts from
the plantations since September 1,1891, are 5,785,370 hales; in
1890-91 were 5,364,015 bales; in 1889-90 were 5,031,557 bales.
2.—That, although the receipts at the outports the past week
were 162,788 bales, the actual movement from plantations was
only 160,242 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 152,076 bales and for 1890 they wera
114,518 bales.
O v e r l a n d M o v e m en t
for the
W
e e k a n d s in ce
S e p t . 1.—
We give below a statement showing the overland movement
for the week and since September 1. As the returns 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 o f course supplementary to the more extended
monthly statements. The results for the week ending Jan. 15
and since Sept. 1 in the last two years are as follows:
CD * CD CD
1891-92.
p
M
pp
H
p
tO
(STM
83
fcO<1 M ^
*4© M •-* "cC O H Co'VdK>M *-i ÜKO CO CB© CO0 0 © " < 1
M^‘00'-tf^<ï<J Ü»WOCOC»05MtOO<ICOOMt^CC<l»-*OOOHWCOOr-M
»fe*05ccOQOOfcOCOtvOQOOiOU)L'OO^I^<JOOO<lMOtf^05tOrf^OWtf^
g
■agi
Q O r -C J ïM Ü i^ X r f^ O O ^ O O C O ^ C O O b O O O O C J U O C O b D C O M C J ïM C D -^ O O Ü lM
K)»-*<yirt*©©<l©©OC/tC©~'lMüi©)i».CDrf^©©W>-*W<IUK|<lonO©
^C?iO^ÜtOC0tf-^JO0i^4»“‘ Ü»^C0 05^^>C0^IM05rf^00K)H‘ 0iO<l<ï
H O ^ t O O ^ r f ^ Q O C i t O '- 1
<1 r o 1 O O lC C O '-*< JC O O A > Î^ O w Q O C O îO C 7C J itD
p p ^ -p p ^ -p O M ; P ;
pp ^ ap pç»
wlocolo©co^co^©»co©©bo'<iQoî^t. j
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QüÜxtOCCXIÜtO^OOOOOOO» OtOCJttCi—COOWÜi©WC^O<Jfc005
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wwîo —oioi—©<ioaoi-‘ a5ic>-'0<<i^i©C5*.Mc:to<iK>c»
l'0Wt0^JWf-i-‘ 00050iC!<Oi»O'5Q0Oiyoi<]Ml-‘ Oi8.tf^if*'OC»OO)8‘
g!
“3
M|8
M
O
ko
———03Ckoœo3 ———c ® » I c o o Vi' ä —000:0
^ i « h c w - t s -q o o « 5 i -‘ H .H - k O i f H i -* o o o e c c n t o o M H -0 3 o :o 3 0 0 0 o o < j
0 3 0 0 3 k O k O O O C 0 3 ® O O H -C O < IlJ 5 .< «H O — H -b0Ot0C0W 03ltH 03k003-vl
HJto to ko m to ü»
M
030
0003
W O 'on O» 03 HJ ko CO 0 D O 0 3 0 3 C n H C n 0 3 C 0 H J H O C 0 l8 .0 D O O k 0 H J l(^ 0 3 O
—4 03 tf* 03 O *0 Cn
O -4 O H J C 0 0 0 0 3 Ù 3 0 0 C » C © r -H J k 0 i-O '-3 < » O f-‘ < I< l
Oufc-CO O 03 HJ O on HJ en O O ifH I f-0 3 -3 O kO »H-lf.O:cOllH03HJ|fHCOi8*l-‘ i8.
eo 03 ec rfi en
ko <j^
eoltH e n lo 'ô o b î 00 o i l o ■
ti-03 i(j.k o o o o o -ie n < i; col
0 3 0 0 C O 03 O 00 HJ 03 * <J-
1
tÿ
N*f
Total gross overland..............
Deduct shipments—
Overland to N. Y., Boston, &o.
Between interior to w n s..........
Inland, &c., from South..........
s«?:
s s
a.»--
03 HJ HJ HJ HJ rfH
<1 o o o - 1
o"oi ko it-eo-1 onkoengoeo HJr-ôo encolo eno
t ö - e n e n o o s o o i t -e n c o o o -K i e n O H J H J O S
0 0 3 i -j0 3 0 3 -.1 0 3 c 0 0 3 k 0 0 k 0 c 0 0 3 ^ j ^ 0 0 3 0 0
The above totals show that the interior stocks have decreased
during the week 2,548 bales, and are to-night 186,032 bales
more than at the same period last year. The receipts at all the
towns have been 29,874 bales less than the same week last
year, and since Septal they are 235,528 bales more than for the
•same tfme in 1890-91. ^
Week.
14,220
11,662
8,905
1,916
5,652
2,759
4,104
Since
Sept. 1.
1890-91.
Week.
399,773 20,534
245,574
9,947
131,665
1,887
22,512
1,356
120,148
5,148
82,584
8,605
110,332
1,102
Since
Sept. 1.
362,268
190,029
71,577
15,700
128,453
120,524
116,306
49,118 1,112,588 48,579 1,004,857
14,301
903
2,079
195,185 12,143
2,270
42,775
2,324
57,643
17,283
295,603 16,737
234,976
Leaving total net overland*. 31,835 816,985 31,842
* Including movement by rail to Canada.
719,881
162,362
73,180
49,434
The foregoing shows that the week’s net overland movement
this year has been 31,835 bales, against 31,842 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 97,104 bales.
co Ä
* Louisville figures “ n e t” in botb years,
t This year’s figures estimated.
8hipped—
Via St. Louis............ .
Via Cairo...................
Via Hannibal............
Via Evansville......... .
Via Louisville...........
Via Cincinnati........ ..
Via other routes, Ac.
Totalto he ded u cted ...........
tfa. o i GO © 00 fcO© © © C© CO
W 03 kO M >8-If. kO OI
ko 0 3 1- 150 O» HJ O 1-1 C3 ko 03 » 0 3 — 03 03 0 10 0 tO 05 03 O
03 ç » œ p 03 w
o <i ç» © ¿f* 03 to ® — 03 co 03 w**. ^3 «3 — y s y - p n >< 1 - 3 »
January 15.
1891-92,
In Sight and Spinners’
Takings.
..
Week.
Since
Sept. 1.
1890-91.
,
Week.
Since
Sept. 1.
Receipts at ports to Jan. 15........ 162,778 5,194,295 174,855 4,887,613
Net overland to Jan. 15................ 31,835 816,985 31,842 719,881
Southern consumption to Jan, 15 12,000 235,000 1 1 , 0 0 0 264,000
Total marketed.........
Interior stocks in excess.
206,623 6,296,230 217,697 5,871,494
* 2,546 571,075 *22,779 476,402
194,918
Came into sight during week. 204,077
6,867,355
6,347,896
Total in sight Jan. 15.............
North’n spinners tak’gs to Jan.15
* Decrease during week.
........ jl , 404,711
......... 1,281,979
It will be seen by the above that there has come into sight
during the week 204,077 bales, against 194,918 bales for tha
same week of 1891, and that the increase in amount injsight
to-night as compared with last year is 519,453 bales.
12#
THE
C H R O N IC L E ,
W e a t h e r R e p o r t s b y T e l e g r a p h . —Our telegraphic ad
vices this evening indicate that over a large portion of the
South this week the weather has been very rainy and colder.
In sections of the Atlantic and Eastern Gulf States the rain
fall has been so heavy as to cause floods. A t Montgomery,
Alabama, the precipitation reached nearly fifteen inches—the
heaviest on record. The temperature has been lower, with
snow in some localities.
Galveston, Texas.—There has been rain on four days of the
week to the extent of thirty hundredths of an inch. Snow on
two days. The thermometer has averaged 47, the highest
being 68 and the lowest 26.
Palestine, Texas.—Telegram not received.
Huntsville, Texas.—W e have had rain on two days during
the week, the precipitation reaching fifty hundredths of an
inch. The thermometer has ranged from 20 to 72, averaging
46.
[ V o L LTV,
ing the past week, the rainfall being four inches and fortyfive hundredths. The thermometer has averaged 39, ranging
from 27 to 59.
Savannah, Georgia.—The weather has been cloudy during
the week, with rain on six days, to the extent of eighty-two
hundredths of an inch. The thermometer has ranged from
30 to 72, averaging 48.
Augusta, Georgia.—The weather has been cold and cloudy
during the week, with general rains on six days. Snow fell
lightly Thursday night. The rainfall reached two inches and
ninety-seven hundredths. Average thermometer 42, highest
68 and lowest 23.
Charleston, South Carolina.—W e have had rain on six
days of the week, the precipitation reaching eighty-seven
hundredths of an inch. The thermometer has averaged 52,
the highest being 68 and the lowest 30.
Stateburg, South Carolina.—W e have had rain on five days
of the past week, the rainfall reaching one inch and eightyseven hundredths. Average thermometer 39‘6, highest 67
and lowest 26.
Wilson, North Carolina.—W e have had rain on five days of
the week, to the extent of one inch and thirty-six hundredths.
Average thermometer 43, highest 72, lowest 22.
The following statement we nave, also received by telegraph
showing the height o f the rivers at the points named at 3
o’clock January 14, 1892, and January 15, 1891.
1
coco !
0000
0 000 1
COto
•>-.50tfMf*
.b o c o
cooo !
COCO
Dallas, Texas.—There has been snow, sleet and ice through
out the State, except on the immediate coast. Rain has fallen
here on two days of the week, to the extent of eighteen hun
dredths of an inch. Average thermometer 42, highest 10,
lowest 18.
San Antonio, Texas.—It has rained on two days of the
week, the rainfall reaching twelve hundredths of an inch.
The thermometer has averaged 39, the highest being 60 and
the lowest 18.
leuling, Texas.—The weather has been dry all the week.
Jan. 14, ’92. ¡Jan. 1 5 ,’ Ö1.
The thermometer has averaged 40, ranging from 20 to 75.
Feet.
Feet.
Columbia, Texas.—There has been no rain all the week. New O rleans....
7.7
9-9
The thermometer has ranged from 25 to 74, averaging 52.
Memphis............
12*9
24-3
Cuero, Texas.—W e have had rain on two days of the past Nashville..........
16-6
251
4-8
18-3
week, to the extent of thirty-four hundredths of an inch. Shreveport........
Vicksburg..........
24-2
31-4
Average thermometer 52, highest 74, lowest 25.
Brenham, Texas.—There has been no rain all the week, but
I n d ia C otton M o v e m en t f r o m a l l F o r t s . —The receipt
snow and sleet have fallen on two days. The thermometer and shipments of cotton at Bombay have been as follows for
has averaged 47, the highest being 74 and the lowest 20.
the week and year, bringing the figures down to Jan. 14.
Weatherford, Texas.—There has been rain on two days of
BOMBAT RECEIPTS AND SHIPMENTS FOR FOUR TEARS.
the week, the rainfall being twenty hundredths of an inch.
Shipments
this week.
Shipments since Sept. 1.
Receipts.
Snow has also fallen on two days. The thermometer has
Tear Great Conti
Great
averaged 40, ranging from 12 to 68.
Conti
This
Since
Total.
Brit’n. nent. Total. Britain nent.
Week. Sept. 1,
Belton, 'Texas.—Telegram not received.
New Orleans, Louisiana.—Rain has fallen on five days of ’91-2
4,000
5,000
61.000 29.000 197.000
the week, to the extent of five inches and twelve hundredths. ’90-1 BJ&0Ò 11,000
10 ,0 0 0
83,000 51.000 366.000
’9-90 3,000 19.000
40.000
186,000 55.000 450,00n
Average thermometer 48.
’88-9
13,000
18.000
35.000
139,000
59.000 329.000
Shreveport,Louisiana.—There have been two inches of snow
the past week and a rainfall of eighty-five hundredths of an
According to the foregoing Bombay appears to show
inch. The thermometer h*.s averaged 32, the highest being a decrease compared with last year iq the week’s receipts of
56 and the lowest 17.
22,000 bales and a decrease in the shipments of 10,000 bales, and
Columbus, Mississippi.—It has rained on four days of the the shipments since Sept. 1 show a decrease of 22,000 bales,
week, the precipitation being three inches and sixty-seven The movement at Calcutta, Madras, and other India ports for
hundredths. The thermometer has averaged 40, ranging ihe last reported week and since the 1st of September, for two
from 20 to 70.
years, has been as follows. “ Other ports” cover Ceylon,
Leland, Mississippi.—Telegram not received.
Tuticorin, Kurrachee and Coconada.
Meridian, Mississippi.—W e have had rain on four days of
Shipments for the week.
Shipments since Sept. 1 .
the week to the extent of four inches. Very little cotton is
Great
Conti
left on plantations in this vicinity. The thermometer has
Great
Total.
Total.
Britain. nent.
Britain. Continent.
ranged from 18 to 50.
Little Rock, Arkansas.—The weather the past week has Calcutta—
been the most severe experienced here for several years. It
1891-92...
1 ,000
2 ,0 0 0
4,000
3,000
14,000
18,000
1890-91...
4,000
4,000
5,000
15,000
2 0 ,0 0 0
has rained, snowed and sleeted on five days, the precipitation
Madras—
being one inch and twenty-five hundredths. The thermom
1891-92...
1 ,0 0 0
1,000
14,000
9,000
23,000
eter has averaged 25, the highest being 40 and the lowest 14.
1890-91...
1 ,0 0 0
1,000
15,000
1 1 ,0 0 0
26,000
Helena, Arkansas.- -There has been snow or sleet on two All others—
1891-92...
3,000
4,000
7,000
20 ,0 0 0
24,000
44,000
days. The week’s rainfall has been one inch and thirty hun
1 ,000
1890-91...
1 ,0 0 0
2 ,0 0 0
16,000
25,000
41,000
dredths on five days. tThe thermometer has averaged 27,
ranging from 13 to 48.
Total all—
1891-92...
4,000
7,000 1 1,000
38,000
47,000
85,000
Memphis, Tennessee.—Sleet and snow have fallen on five
1890-91...
2 ,000
5,000
36,000
7,000
51,000
87,000
days of the week and marketing has been interrupted very
much. The weather is now clear but cold. The precipita
The above totals for the week show that the movement from
tion, including melted snow, reached one inch and sixty-four the ports other than Bombay is 4,000 bales more than the same
hundredths. The thermometer has ranged from 12-4 to 48*1, week last year. For the whole of India, therefore, the total
averaging 27 #2.
shipments since September 1, 1891, and for the corresponding
Nashville, Tennessee. —There has been rain on four days of periods of the two previous years, are as follows:
the past week, the rainfall reaching one inch and forty hun _________________ EXPORTS TO EUROPE FROM ALL IN D IA.
dredths. Average thermometer 29, highest 44, lowest 18.
t
1891-92
1890-91.
1889-90.
Mobile, Alabama.—We had snow and ice yesterday, and to
Shipments
This
Since
This
Since
day it is freezing. Rain fell on six days of the week, to the to all Europe
This
Since
from—
week.
Sept. 1.
week.
Sept. 1.
week.
Sept. 1.
extent of seven inches and forty-seven hundredths. The
thermometer has averaged 47, the highest being 66 and the Bombay........... 4,000
61.000 14,000
83,000 2 2 ,0 0 0 186,000
All other ports. 11,000
lowest 26.
85.000
7,000
87,000
6 ,000
85,000
Montgomery, Alabama.—The rain this week, which has
Total.........
15,000
146,000
2
1
,0
0
0
170,000
28,000
271,000
fallen on five days, has been the heaviest on record. Railroads
are overflowed. The rise in the Alabama River up to noon to
A l e x a n d r ia R e c e ip t s a n d S h ip m e n t s .—Through arrange
day has been fifty-five feet, and it is still rising, but slowly. ments we have made with Messrs. Davies, Benachi & Co., o f
There has been a very cold wave with heavy frost since yes Liverpool and Alexandria, we now receive a weekly cable of
terday. The week’s rainfall has been fourteen inches and the movements of cotton at Alexandria, Egypt. The following
sixty-four hundredths.
are the receipts and shipments for the past week and for the
Selma, Alabama—Rain has fallen on four days of the week corresponding week of the previous two years.
to the extent of seven inches and fifty-six hundredths. The
Alexandria, Egypt,
thermometer has ranged from 25 to 57, averaging 41.
1891-92.
1890-91.
1889-90.
January 13.
Auburn, Alabama.—Rainfall for the week four inches and
Receipts
(cantars*)___
sixty-three hundredths. Average thermometer 32*2, highest
This week___
140,000
125,000
1 0 0 ,0 0 0
53 and lowest 16.
Since Sept. 1.
3,519,000
2,912,000
2,563,000
Madison, Florida_.—It has rained on four days o f the week,
This
Since
This
Since
This
Since
the week, the precipitation reaching three inches and thirtyweek. Sept. 1. week. Sept. 1. week. Sept. 1.
four hundredths; weather now cold and rainy. The ther
mometer has averaged 57, the highest being 76 and the low Exports (bales)—
To Liverpool............ 6 ,0 0 0 226.000 14,000 177,000 7.000 186,000
est 32.
To Continent............ 7,000 89,000 8,000 ÏU2 .0 0 0 7.000 8 8 ,0 0 0
Rome, Georgia.—Business is practically suspended on ac
Total Europe........ 13.000 315.000 2 2,000 279,000 14,000 274,000
count of floods.
Cviumbus, Georgia.—W e have had rain cn five days dur i * a c a n t a r i s a s d u u j u s .
THE
J a n u a r y 16, 1892.J
C H R O N IC L E .
125
This statement shows that the receipts for the week ending
This statement shows that the receipts since Sept. 1 up to
Jan. 13 were 140,000 cantars and the shipments to all Europe to-night are now 344,630 bales greater than they were to the
13,000 bales.
same day of the month in 1891 and 612,425 bales more than
th*y were to the same day of the month in 1890. W e add to
M a n c h e s t e r M a r k e t . —Our report received by cable to-night
from Manchester states that the market is firm for yarns the table the percentages o f total port receipts w hich had
and steady for shirtings. The demand for cloth is improving. been received to January 15 in each o f the years named.
T h e E x p o r t s o f C o t t o n from New York this week show a
W e give the prices for to-day below, and leave those for
decrease compared with last week, the total reaching 15,648
previous weeks of this and last year for comparison:
bales, against 17,203 bales last week. Below we give our
1890-91.
1891-92.
usual table, showing the exports o f cotton from New York,
OotVn and the direction, for each o f the last four weeks; also the
Oolt’n
32« Cop.
8 k lbs.
8 k lbs.
Mid
Mid. 32« Oop.
total exports and direction since Sept. 1, 1891, and in the last
Shirtings.
Twist.
Shirtings.
Vplds Twist.
TJpldt column the total for the same period o f the previous year.
d.
3Do.ll 6*8
“ 18 6%
“ 24 6%
“ 31
-Jan. 8 6ifl
“ 15163s
d.
® 7 Lj
®7iu
®7i2
® 7^
®7U
®73s
s.
5
5
5
5
5
5
d. s. d.
6!fl®6 10*3
6 ® 6 11
6 ® 6 11
6 ® 6 11
5 ®6 9
5 ®6 9
d.
4516
4^4
4 '4
4^16
4
4iie
d.
d.
838 ®85g
83s ®85a
83a ®8®s
8^i6®8®8
851ß S8&8
8^4
s.
6
6
6
6
6
6
d. s.
4*a®7
4ifi®7
4ia®7
4i«®7
4ig®7
4L»®7
d.
3
3
3
3
3
3
d.
5*16
53i 6
5*$
It seems probable that the supplies of cotton for the coming season
will be less than last year, and the common estimate of the shortage
amounts to from 300,000 to 400,000 bales. The Government returns
of acreage, though not quite complete as yet, show a falling off in the
important province of Berars and the large districts from which Ben
gal cotton is drawn. Owing to the want of early rains in the Bengal
district the plants never had a fair start, and in large parts of the coun
try failed to mature altogether. In the Berars the same thing hap
pened to a smaller extent, though some of the shrinkage in the area
planted with cotton, as compared with last year, may be attributed to
the ordinary rotation of crops. No reliable figures of acreage are yet
available from the Madras, Comptah and Dharwar districts, but there
is no doubt that the area under cotton is small and that a very poor crop
may be expected. The distress owing to the want o f rain has been
very great. Bather more encouraging accounts have been received of
late, but whatever now happens there is no chance of anything but a
very inferior out-turn. No acreage returns have been received from
Kathiawar (Dhollera districts), but there is no reason to suppose that
the area planted is smaller than usual. Until quite recently there was
every prospect of an unusually large out-turn, but reports have been
received of the absence of dews, and the recent unusually hoc weather
has withered up the plants. The flowering of the plants also has been
retarded owing to bad weather. These unfavorable reports have
»caused a considerable reduction in the estimated out-turn, which, it is
now thought, will not exceed last year’ s. The next six weeks are,
¡however, very important for the crop, and if favorable weather inter
venes the estimate may be again raised. In the Broach districts
there is not much change in the area planted, though it is probably
less than last year. This crop is now reported to be doing well, but
has still to face the critical period between now and the end of Jan
uary.
Any estimate of the probable out-turn at this time of the year must
be more or less unreliable, and until later reports of the oioking, &e.,
have been reoeived, it will be impossible to give au opinion of much
value. The receipts of new cotton, so far, are considerably less than
last year, but the cause is easily found in the lateness of the first cot
ton crops and the unusually slaok demand from Europe.
D a i l y C r o p Mo v e m e n t .
—A comparison of the port movement by weeks is not accurate
as the weeks in different years do not end on the same day of
the month. _ W e have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The monthly movements
flince Sept. 1,1891, and in previous years, have been as follows.
Monthly
Receipts.
Year Beginning September 1.
1891.
1890.
1889.
1888.
1887.
1886.
Sept’mb’r 676,823 732,236 561,710 332,017 654,776 359,203
October.. 1,532,426 1,365,231 1,325,358 1,133,016 1,213,404 1,034,450
Novemb’r 1,376,909 1,145,416 1,257,520 1,159,063 [1,178,436 1,197,259
Deoemb’r 1,215,144 1,195,063 1,116,928 1,103,713 963,584 1,164,886
Total....... 4,801,302 4,437,946 4,261,516 3,727,809 4,010,200 3,755,798
Pero’tage of tot. port
receipts Dec. 31..
63-46
72-52
67-20
71-58
70-59
Same
period
previous
year.
Dec. I Dec. i Jan.
24. 1 31. 1 8.
Jan .
15.
Total
since
Sept. 1.
Liverpool — ..........
Other British porta..
7,763 10,469 10,608
1,850!
200 1 3,055
5,710
2,392
192,592
41,229
180,915
35,927
T o t . to G t . B r it ’n .
9,613 10,669 13,663
ö 'ie
report dated December 19 we have the following :
and
Week EndingExported to—
kr; ”
E a s t I n d ia C r o p . —From the Bombay Company’s cotton
C o m p a r a t iv e P o r t R e c e ip t s
EXPORTSOF COTTON (BALES) FROM NEW YO RK SINCE SEPT. 1 . 1 8 9 1 .
Havre........ .... ...........
Other French ports..
8,102
233,821
225,842
480
236
16,250
......... ! ..........
.........
17,660
202
610
.........
686
686
480
236
16,250
17,862
571 ........
1,700
720
2,144' 1,529
610
789
650
871
904
167
2,233
18,781
31,846
36,411
14,540
33,218
34,145
T o t a l F rench —
Hamburg
................ .
Other p o r ts ...............
4,415. 2,249
2,310
3,304
87,038
81,903
Spain, Italy, dec........
a il oth er....................
1,619
650
427
1
750
........
4,004
2
19,834
653
19,702
155
T o t a l S p a i n , & o ..
2,269
423 j
750
4,006
20,487
19,857
G r a n d T o t a l . . . . 16,907 14,032 17,203 15,648
357,596
345,464
T o t . t o N o .E u r o p e
T h e F o l l o w in g
are the
C r o s s R e c e ip t s
of
Cotton at
New York, Boston, Philadelphia and Baltimore for the p a st
veek, and since September 1, 1891.
New
-iecetpts
from —
YORK.
BOSTON .
P H IL A D E L P H ’A
44,177
60,320
359
5,044
4,169
87
782
66 18.171
39,848 5,640
4,110
41,692
216,688
60,354
1,546
3,012
7,478
1,031
43,319
Uhle re a r 43,038
936,831 26,698
399,600
Last year . 37.441
783,064 22,262
337,688
V irg in ia ...
North n pts
Penn., A c..
F o re ig n ....
7,391
239,187
207,859
212,935
3,023
4,662
78,894
28,268
117,979
.
1,2 11
2,125
N Orleans. 11,413
,058
S avannah. 8,148
1,300
M obile.......
55
F lorida......
So. Caroi’ a. 2,417
ore
Since
Sept. 1 .
This
w eek.
This
week.
B a l t im
Since
This
S ept. 1. w eek.
S ince
Sept. 1.
S ince
This
w eek. Sept. 1.
......
2,792
642
84,703
7,643
41,632
3,371
56,922 11,649
171,054
2.056
88,107
144.223
6,371
J u te B u t t s , B a g g in g , & c .— Jute bagging has ruled steady
during the week under review, but the volume of business
has been small, the requirements of consumers having been
pretty well supplied. The closing quotations this evening are
5%c. for \% lbs., 6c. for 2 lbs. and 6 ^ c. for standard grades.
The dealings in butts have been only moderate, yet the market
continues firm at higher prices. Quotations are l% c. for
paper grades and 2 ^ @ 2 % c. f 0r bagging quality on the spot
and 3c. for future delivery.
S h ip p in g N e w s . —The exports o f cotton from the Unit d
states the past week, as per latent m ail returns, have reach d
223,135 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
the C h r o n ic l e last Friday. W ith regard to New York we
iaclude the manifests of all vessels cleared up to Thursday.
This statement shows that up to December 81 the receipt*
at the ports this year were 80S,356 bales more than in
1890 and 539,785 bales more than at the same time in 1889.
By adding to the totals to Dec. 31 the daily receipts since
Total baler,
that time we shall be able to reach an exact comparison of New Y ork —To Liverpool, oer steamers Bothnia, 507— Cuttc,
Ü
the movement for the different years.
2,4 09 ....Holland, 2 .1 0 0 ....Ptolemy, 694............................
5,710
1891-92.
1890-91.
1889-90.
To. Do. 31 4,801,302 4,437,946 4,261,516 3,727,809
Jan. 1__
15,885
21,816
15,305
25,501
«
2 ....
23,535
26,715
12,710
30,588
«
3 ....
S.
36,573
47,188
25,434
**
4 . ...
45,771
S.
22,334
23,563
**
5 ....
43,593
42,551
S.
23,019
« 6 ....
28,847
42,207
23,360
8.
« 7 ....
31,364
24,438
30,759
35,332
« 8 ....
41,210
25,607
13,028
28,165
*'
9 ....
27,011
54,905
16,198
23,523
« 1 0 ....
S.
35,578
40,147
12,816
« 1 1 ...
8.
30,889
21,677
36,264
«* 1 2 ...
40,789
25,875
S.
19,131
“ 1 3 ....
13,428
32,281
26,083
S.
1 4 ....
16,554
17,661
27,986
26,869
** 1 5 ....
34,123
25,515
23,581
28,737
Total. 5,194,295 4,849,665 4,581,870 4,066,751
Percentage of total
port rec’pts Jan. 15 69-35
77-97
73-30
To Hull, per steamer Buffalo, 2,392.......................................... 2,392
To Havre, per steamer La Normandie, 236..............................
236
To Bremen, per steamer Elbe, 904.................................. .
904
To Hamburg, per steamer Sorrento, 1 6 7 ........ ............... .
167
4,010,200 3,755,793
To Antwerp, per steamers Chicago, 1,000....Conemaugh,
303
Westernland, 930.............................
2,233
8.
25,034
To Genoa, per steamer Victoria, 3,054 . . . ................ ............... 3,054
33,005
8.
To Trieste, per steamer Victoria, 600.......... ........ ............. .
600
30,629
32,649
To Naples, per steamer Victoria, 2 0 0 .....................
200
To Lisbon, per steamer Oevenum, 150....................................
150
20,582
25,'49
To St. Pierre, per steamer Caribee, 2........................................
2
21,857
18,060 New Orleans—To Liverpool, per steamers Alava, 4,300....
28,585
Belgravia, 8,065.......Caxton, 6,200....... Discoverer, 3,800
25,879
___Floridian, 5,850 . Francisca. 6,400............................. 34,615
22,963
31,673
To Havre, per steamers Bentala, 3,911
Blaekheath, 6,950
8.
18,081
Grecian, 5,747__ Havre, 6,345___per ship Fredrik Stang,
8.
2,550......................................................................................... 25,503
27,417
To Bremen, per steamers Cedar Branch, 4,845 — Dracona,
30,601
33,684
2,450___Lammermoor, 6,900. ..8travts of Gibraltar. 5,100 19,295
19,319
23,186
To Hamburg, per steamers Ambriz, 750___Markomannia,
1,850
Sapphire, 1,050................. ............................... .
3,650
18,072
17,149
To Antwerp, per steamer Havre. 50.............................
50
18,704
27,369
To Barcelona, per steamer Cristobal Colon, 4,150................. 4,150
10,463
32,111
To Malaga, per steamer Cristobal Colon, 1,600 .....................
1,600
To Genoa, per steamer Black Prince, 3,637............................. 3,637
18,550
8.
G alveston —To Liverpool, per steamers Benedick, 5,730 .. .
Boma, 6,617....Enohantress, 4,396___Tressilliaa, 6,277
4,301,062 4,076,307
___Trevalgan, 6,196__ Twilight, 2,980 ............................. 32,196
To Bremen, per steamer Charrington, 4,429...................... .
4,429
76*77
76 59
To Vera Cruz, per steamer Whitney, 420............. ..................
420
1888-89. 1887-88.
1886-87.
126
THE
C H R O N IC L E .
[VOL. LIV.
Total. . . . . . . . . . . . . . . . . . . . . ______________. . . . . . . . . ______. . . . 223,135
1
1
1
Total bale*.
The tone o f the Liverpool market for spots and futures eacb
Savannah—To Liverpool, per bark Valona. 1 , 5 0 0 . . . . . . . ........... 1*000 day of the week ending Jan. 15, and the daily closing price &
To Havre, per steamer Royal Welsh, 2 ,6 4 3 . . . . . . . . .. ............. 2 643
To Barcelona, per steamer Leconfleld, 6,800.......................... 6.800 of spot cotton, have been as follows:
To Pasages, per barks Finland, 8 0 0 ... Ibis, 1 ,3 0 0 ........... • 2,loO
To Lisbon, per baik Julius, 1,510............................................. 1*010
Tuesday. Wednes. Thursday. Friday.
Spot.
Saturday
To Trieste, per bark Gier, 1 ,6 5 0 .......................-..................... 1*600
B runswick—To Liverpool, per steamer Bengore Head, 7,815.. 7,815
Fair
Im
proved;
Fair
Dull and Harden’« .
M a rket, )
To Dunkirk, per steamer Thurston, 4 ,8 49 ................ .
4,849
business depressed
less
Strong.
businessCharleston—To Liverpool, per steamer Daniel, 5,458............... 5*458 1:45 p. M. $ irreffular.
doing.
doing.
To Bremen, per steamer Derwent Holme, 6 ,3 1 2 .................... 6,312
4
4
4
4
4%
4*16
To Barcelona, per bark Susanna, 1,190.................................... 1*190 Mid.Upl’ds.
To Odessa, per steamer Freia, 4,215.................................... : -- 4,215
10,000
10,000
10,000
15,000
14,000
Sales..........
10,000
N orfolk —To Liverpool, per steamers British King, 61 ...C ity
2,500
1,500
3,000
2,000
Spec &exp. 2,500
1,500
of Dundee, 5,191___Plymothian, 6 33
Sicilia, 705 ......... 6,590
W est P oint—T o Liverpool, per steamer British King, 6,988—
6,988
Futures.
Newport News —T o Liverpool, per steamer---------- , 842..........
S42
Easy at
Firm at
Firm at
Easy at
To Havre, per steamer Im bros,750........ ........ -.....................
750
Barely
M a rket, Ì Steadyadat 3-64
3-64 ad 5 64 @6-64
de
2-64 d e
steady..
B oston—To Liverpool, per steamers Cephalonia, 378
Georg
1:45 p. M. ) 2.64
cline.
vance.
advance.
vance.
cline.
ian, 4 ,575... Ottoman, 2,258.........................................
7,211
B altimore—To Liverpool, per steamers Baltimore, 2 ,3 70 ...,
V ery
M a rk et, ? Steady.
V ery
Steadier.
Quiet.
Quiet.
Polynesian, 1,208__ Sedgemore. 2,491 - ...........................— 6*069
steady
steady.
4 P. M. J
1*700
To Bremen, per steamer Hohenzollern, 1 ,7 0 0 ................
To Hamburg, per steamer Venetian, 327.... .................. .......
327
The opening,, highest, lowest and closing prices of futures at
To Rotterdam, per steamers Alma, 295___Chicago, 3 7 9 ....
Mendelssohn, 1 ..........................................................................
675 Liverpool for each day are given below. Prices ar 4 on the
P hiladelphia —To Liverpool, per steamer Lord Gough, 748 ...
748 basis of Uplands, Low Middling clause, unless otherwise stated :
The prices are given in pence and 64th.
The particulars of these shipments, arranged in our usual 3 63-84Ö., and 4 01 means 4 l-64d.
form , are as follows:
Mon., Jan. 11.
Sat., Jan. 9.
Havre Bremen BatterV.Oruz
New York.
N. Orleans.
Galveston.
Savannah.
Brunswick.
Charleston.
N orfolk....
West Point
ITp’t News
Boston . . . .
Baltimore.
Philadelp’a
A Dun- A Bam- dam A South A St.
Liver
pool. Hull. kirk. burg. Antw’p.Europe. Pierre. Total
236 1,071 2,233 4,004
2 15.648
5,710 2,392
25,503 22,945
50 9,387 ......... 92,500
34,615
____ 4,429 .....................
420 37,045 January......
32,196
1,500
2,643 ..................... 12,060 ......... 16,203 Jan.-Feb....
12,664
7,815
4,849
6*312
5,405 ........ 17,175 Feb.-M ch...
5.458
■
6,590 Mch.- A pril.
6,590
.. ’ .................................
6,988 April-M ay..
6,988
.........................................
1,592 May-June..
842
750
..........................
7,211 June-July...
7,211
2,027
’
675
.......................
8.771 July-A ug...
6,069
................................................. 748
748
Total ....115,742 2,392 33,981 36,784 2,958 30,856
422 223,135
Below we add the clearances this week o f vessels carry ng
cotton from United States ports, bringing our data down to
the latest dates:
Thus ; 3 63 mean *■
Tnes., Jan. 12.
Open High Low. Clos. Open High Low. Clos. Open High Low. Clos
d.
4 00
4 00
4 02
4 05
4 09
412
4 15
413
August...... 4 21
Aug.-Sept..
Sept.-O ct...
d.
4 00
4 00
4 02
4 06
409
412
4 16
419
4 21
d.
4 00
400
4 02
4 05
409
412
415
418
4 21
d.
4 00
4 00
4 02
4 06
4 09
412
416
419
4 21
d.
3 61
3 61
3 63
4 02
4 06
4 09
412
4 15
417
d.
3 61
3 61
3 63
4 03
406
409
412
4 15
418
d.
3 59
3 59
3 61
4 01
4 01
4 07
4 10
411
416
d.
3 60
3 60
3 62
4 01
4 05
4 08
4U
414
416
d.
3 56
3 56
3 58
3 61
4 01
4 04
4 07
410
412
d.
3 56
3 56
3 58
3 62
4 01
4 04
4 07
4 11
413
d.
8 55
3 55
3 57
3 60
4 00
4 04
4 06
4 09
412
d.
3 56
3 563 58
361
4 00*
4 04
4 07
4104 12
Galveston—To Liverpool—Jan. 9 —Steamer Tala, 6,928.... Jan. 1 1 Fri., Jan. 15.
Thurs., Jan. 14.
Wed., Jan. 13.
Steamer Ludgate. 6,205.
To Bremen—Jan. 12—Steamer Marmion, 3,362.
To Hamburg—Jan. 12—Steamer Highland Prince, 810.
Open High Low. Clos. Open High Low. Clos. Open High Low. Clos.
To Genoa—Jan. 14 Steamer Romsdal, 200.
d.
d.
d.
d.
d.
d.
a.
a.
d.
d.
d.
a.
N e w Orleans—To Liverpool—Jan. 11—Steamer Engineer. 5,900.
To Havre—Jan. 9 -8teamers Chittagong, 4,200: Sir William Arm January...... 8 61 3 62 3 61 3 62 4 03 404 4 01 4 01 3 62 400 3 62 4 00
strong, 5,300__ Jan. 15—Steamer Franklin, 6,044.
Jan.-Feb__ 3 61 3 62 3 61 3 62 4 03 4 04 4 01 4 01 3 62 4 00 3 62 4 00
To Bremen—Jan. 9—Steamer Rhein, 5,500.......Jan. 12—Steamer Feb.-M ch... 3 62 4 00 3 62 400 4 04 4 05 4 02 4 02 3 63 4 01 3 63 4 01
European, 4,150.
Mch.-April. 4 01 4 03 4 01 4 03 4 08 4 08 4 05 4 06 4 03 4 05 4 03 4 05
To Hamburg-Jan. 8—Steamer Chilian, 1,348.
April-May.. 4 05 4 06 4 05 406 4 11 412 4 08 4 09 4 06 4 08 4 06 4 0»
To Antwerp—Jan 8 -Steamer Bencroy, 2,114.
Bavannah—To Liverpool—Jan. 9 -Steamer Ardanrigh, 3,650.
May-June.. 4 08 410 4 08 410 415 415 412 413 4 09 4 11 4 09 4 11
To Bremen- Jan. 9—Steamer Pemptos, 6,133___Jan. 13—Steamer June-July... 4 11 413 4 11 4 13 4 18 4 18 4 15 416 4 12 4 14 412 414
Navigation, 4,300.
July-A ug... 415 416 415 416 4 21 4 22 4 18 419 4 15 417 4 15 4 1 7
B runswick—To Liverpool—Jan. 9 - Steamer J. M. Lockwood, 3,893.
August...... 417 419 417 419 4 21 4 24 4 21 4 22 4 IS 4 20 418 4 20
Charleston—To Barcelona—Jan. 8—Bark Habana, 1,950.
Aug.-Sept .
W ilmington—To Ghent—Jan. 11—BarkC. L. Weyer, 1,533.
Sept.-O ct...
N orfolk —To Liverpool—Jan. 11—Steamer Chatlield, 2,221.
West P oind—To Liverpool—Jan. 14—Steamer Sioilia, 4,619.
Newport News—To Liverpool—Jan. 13—Steamer Chatfleld, 1,872.
To H avre-Jan. 13-Steamer Ripon City, 1,076.
B oston—To Liverpool-Jan. 5—Steamers Columbian, 3,608; Roman
2,244.......Jan. 8—Steamer Venetian, 3.595....... Jan. 9—Steamer
Palestine, 3,032 .. Jan. 11-Steamer Michigan, 2,381.
B R E A D S T U F F S.
To Hamburg—Jan. 9—Steamer Steinhoft, 411.
Baltimore —To Liverpool - Jan. 8 —Steamer Russmore, 2,519.
F r i d a y , January 15,1892,
To Bremen—Jan. 7—Steamer Weimar, 2,659.
To Rotterdam—Jan. 6—Steamer Schiedam. 1,238.
The markets for wheat flour and the coarser stuffs were
To Antwerp Jan. 9—Steamer Otranto, 450.
more or less depressed early in the week by the decline ia the
To Amsterdam-Jan. 11—Steamer Jeranos, 200.
P hiladelphia —To Liverpool—Jan. 12—Steamer Indiana, 621.
grain markets, which led buyers to expect and sellers to-
Cotton freights the past week have been as follows:
j Satur.
Mon.
Tues.
Liverpool, steam d.
“ 64
1164
“ 64
....
Do
bid..-d.
Havre, steam ...d.
732
S16®733 316®732
....
....
....
............d.
Do
Bremen, steam, .d.
%
%
%
....
....
Do via Ham.ci.
....
Hamburg, steam .d.
732
782
732
....
....
....
Do
......... d.
50*
50*
Amst’d’m, steam.e.
50*
....
....
Indirect.......... d.
*16®732
Reval, steam— d. %®1964 % ®1964 %®1964
....
....
Do
...............d.
Barcelona,steam d.
38
38
%
1*64® % 1564® *4
Genoa, steam ...d.
1564
Trieste, steam ... d.
9 2
®32
932
Antwerp, steam.d.
964'®5S2 96i ® 632
B38
* Per 100 lbs.
L i v e r p o o l .— By cable from Liverpool
Wednes. Thurs.
“ 64
1164
_
Fri.
“ 64
....
316®7S2 316®732 316®732
—
—
%
*4
%
....
....
.... -
782
72
7S2
....
....
—
....
50*
50*
50*
316®732 316®7S2 S16® 732
%®1964 %®1964 %®10g4
....
3g
38
»8
15et.'®14 “ 64®% 1B64® %
932
932
J 9: 2
964®B82 964®B32 964®582
we have the following
statement of the week’s sales, stocks, &c., at that port:
Dee. 24.
Dec. 31.
Jan. 8.
Jan. 15.
23.000
57.000
52.000
Bales of the week............bales.
63.000
3,900
3,900
2,000
Of which exporters t o o k ...!
2.800
18.000
17.000
9.000
5,800
Of which speculators took..
52.000
20,000
45.000
Bales American.........................
56.000
7,000
6,000
6,000
Actual export..........................
6.000
66.000
50,000
75.000
Forw arded...............................
64.000
Total stock—Estim ated...___ 1.301.000 1.428.000 1.467.000 1.545.000
Of which American—Estim’ d 1.090.000 1.210.000 1.236.000 1.307.000
Total import of the w e e k ...... 177.000 184.000 121,000 148.000
145.000 170.000
95.000 133.000
Of which A m erican...........
Amount afloat....J.. . . . . . . . . . . 410.000 345.000 380.000 315.000
335.000
370.000
400.000
Of which American.............
305.000
pretty generally in the cheaper prices quoted below. On
Wednesday the lower prices, with the steadiness in wheat,,
led to more activity in the dealings in wheat flour, buyers
taking the whole range of grades, both for export and home
use. To-day the market was weak and values quite unsettled,
The wheat market suffered severe depression early in the
week. A fall of snow at the West improved the prospect»
for the next crop. Arrivals at Western markets were greatly
in excess <f former years and of current requirements.
Cable advices were weak, and there was a considerable in
crease in the quantity on passage for Europe. Some of the
“ long” interest was forced to liquidate, and the current de
mand was not sufficient to give any adequate support to val
ues. The price of May contracts for No. 2 red winter fell on
Tuesday to $1 01%, from which price there was in the course
of Wednesday and Thursday a slight and feverish recovery.
The business for export yesterday embraced No. 1 Northern
spring at $1 03% afloat and No. 2 red winter at $1 03 afloat.
To-day prices again broke down under weak cables and a
renewed report that Russia will remove the prohibition
against exports.
D AILY CLOSING PRICES OF NO. 2 RED W INTER W HEAT.
January delivery.,
February delivery.
March delivery....
April delivery—
May delivery.. . . . .
June delivery. . . . .
July delivery........
Sat.
102%
103%
104%
104%
1043g
.0. 102%
.0. 101
Thure. Fri.
Mon. Tues. Wed.
99%
lo l% 101
10130 100
100% 1023g 101% 1003a
102
102%
101
%
Î03
%
102
103 >4
103% 10 J3g 103% 103% lui% ,
102% 101% 1<>2% 102% 101%
99%:
99% 101% 100%
101%
98
99%
99%
98%
99%
THE
J a n u a r y 16, 1892. j
Indian corn ha 3 been further depressed by the excessive
supply coming forward from the new crop, which not being
in the beet condition for storing, is pushed upon the market
at such prices as it will bring. The difference between new
and old corn was shown on Tuesday, when new No. 2 mixed
sold at 5l% @ 5 2 ^ c. afloat and old sold at 53c. afloat; so that
when it comes to “ steamer” grades the difference is quite
marked. To-day there was not much change, but the spot
trade was active at full prices.
D A ILY CLOSING PRICES OP NO. 2 MIXED CORN.
January delivery..........c.
February delivery........o.
March delivery............. c.
April d e liv e ry ..............o.
May d e liv e r y ............. o.
Tues.
5078
50%
50
50
49 «8
Mon.
51*8
50%
50*4
50%
49%
Sal.
516«
51
51
51%
51%
50%
50%
Wed.
51
50%
50%
50%
49%
Thurs.
50%
50%
50%
49%
Fri.
51
50%
50
50
49%
Oats for prompt delivery and early arrival have been de
pressed, but for May contracts a fair degree of steadiness has
been shown. To-day the market was weak under free offer
ings, which had no apparent cause.
D AILY CLOSING PRICES
Sat.
0. 36%
January d e liv ery ...... .©.
February delivery........ o.0. 37%
May delivery— . . . . .. . . o.0.. 37%
OP NO. 2 M IXED OATS.
Mon.
36%
36%
37%
Tues.
36%
36%
37%
Wed.
36%
37
37%
Fri,
36
36%
37%
Thurs.
36%
36%
37%
Rye has met with a fair demand at about steady prices,
but closes weak and unsettled. Barley has shown more ac
tivity, but the prices reported reflect some irregularity and
an unsettled feeling. Buckwheat has been dull and barely
s teady.
The following are closing quotations :
bbl. $2 75®$3 25 Patent, winter.......... $4 75®$5 00
___ 3 00® 3 50 City shipping extras. 5 00® . . . .
___ 3 50® 3 75 Rye flour,superfine.. 4 90® 5 10
Fine................ . . . . . 3 75® 4 25
___ S 90® 4 25
..... 4 40® 4 60 Corn meal—
Western, & o... . . . . . 3 00 ® 3 20
...... 4 50® 4 90
S tr a ig h t s .........
Brandywine........... 3 35 ® 3 40
Patent, spring. .... 4 8 5 ® 5 2 5
Buckwheat flour per 100 lbs., $1 75 ® $1 35.
[Wheat flour in sacks sells at prices below those for barrels.]
F in e............... .
Superfine........
Extra, No. 2 ..
Extra, No. 1 ..
Clears.............
Wheat—
Spring, per bush.. .
Red winter No. 2 ..
Red winter............
White.....................
Oats—Mixed. . $ bu.
W h ite................
No. 2 mixed..........
No. 2 white............
Buckwheat...............
0.
GRAIN.
88 ®1
99%®1
85 ®1
93 ®1
35*2®
37% *
36 ®
38*4®
55 ®
Com, per bush.—
0.
West’n mixed . . . . .
06
Steamer No. 2........
01
West’n yeUow.......
03
Western w h ite ....
02
Rye 38
Western, per bush.
42
State and Jersey..
37%
39% Barley—No.2West’n.
State, 2 r’d . . . . . . .
58
State, 6 r’d.............
42 ®
49%®
48 ®
47 ®
92
92
72
63
68
52%
51
52
53
® 98
® 98
® 73
® 65
® 74
rsr- F 0 r o t h e r t a b l e s u s u a l l y g iv e n h e r e s e e p a g e 1 0 4 ,
THE DRY GOODS TRADE.
new
Y o r k , Friday P . M ., January 15,1892.
Week. Since Jan. t.
1890.
Jan. 11.
313,000
59,000
None.
Total stock (pieces)............. .......266,000
838,000
372,000
demand for men’s-wear woolens
and worsteds for fall delivery has shown some improvement
this week in qualities ranging from $1 50@$2 50 per yard,
with the bulk o f business at prices under the $2 00 mark.
Friezes and cheviots inawoolens and pieces-dyeds and mixtures
in worsted goods appear to be attracting most attention at
the present time. The overcoatings business continues of fair
extent and leading makes are all well under orde \ Satinets,
union and cotton warp cassimeres are still without activity,
although some varieties have had rather more interest taken
in them. Spring cloakings are in good request and steady in
price.
Flannels and blankets are quiet, but the demand for
carpets shows improvement. All-wool and worsted dress
goods are being delivered as quickly as pro iuction allows in
all favorite makes, Bedford cords and crepons being par
ticularly called for by buyers.
F o r e ig n D r y G oods . —Importers have again had a quiet
week where dependent upon new business. Few buyers have
been around, and they have shown more anxiety to have
previous purchases completed than a desire to make new en
gagements. In silks and woolen and worsted dress goods
novelties only have had attention paid them, staple lines
still being largely neglected. Hosiery, laces, ribbons, &c.,
are without feature. Prices are steady for all spring good3,
but there are still some broken stocks around which im
porters are disposed to move without much consideration of
price.
D om estic W
Im p o rta tio n s o f D ry Goods«
The importations o f dry goods at this port for the week
ending Jan. 14, 1892, and since Jan. 1, and the same facis
for the corresponding periods o f last year are as follow s:
Hi »
% S
e. 2 s
76
8
375
279
138
30
905
579
344
50
163
782
16
781
220
317
2,328
34
Total................................
China, via Vancouver........
2,093
5,332
....
....
222
860
11
250
50
1,012
626
670
26
958
69
461
1,521
28
3,522
5,671
70
40
722
351
670
17
559
....
»
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^1 1 o » * ot I ce ©
HHCH © H
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© W C 0 < l^
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CO | l - H ! ( 9 ^ 4 © 00 CO
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¡1^.35
CO i c * < i 1 t - 1
© c o ! 0 5 3— 0 5 h-*
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H H
- 3 tO 3 3 - 1
to O» < 1 © ©
05 - I t - 1 t u to
4*
C04*©OfCJt
O'05COtOCO
MCOMCO<n0
0035(0 010
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00O' (Oi* GO
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H
1
to 10 CODI
£*corcato
cogito ©V
OO^oV^-1
H Q'td 0»Ot
VCSOOOH
<1O' 4*00O'
0535CO00<1
if-H O O C O O f
<J 4 * 0 0 0 0 ©
O O H C J1H
H ©
<1H
05 i-*
00
^1
CO
o
CO
<1
to
to
GO
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004-rf*o»<i <Jt9
<1CXC04*©
CO 10
COtOMHH
^oaoVto
© O fO O < |
M #>■ 35 ^ <1
c o n a to ©
(O H
M HH
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if*00COO'©
coio©<i ©
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Total................................ 2.093
3,522
5,671
1
5,332
<14*
O ' I *-c o
* From New England mill points direct
Äf*
o»
I
The value of the N ew York exports since January 1 have 0 0 Olé
COCO
been (270,439 in 1892 against (339,160 in 1891«
2
a
w
Great Britain............... .
Other European..................
China.....................................
India.....................................
A rabia............. ...................
Africa...................................
West Indies...........................
M e x i c o .. . . . . . . . . .. . . . . . . . .. . .
Central America....................
South America.......................
Other countries.....................
o o l e n s . —The
327,248
297,479
302,657
150,556
56,041
Week. Since Jan. 1.
1891.
Jan. 10.
329,000
539,000
None.
59,913
Jan . 12.
18£1
1892.
Jan. 9.
Stock o f Print Oloths—
Held by Providence manufacturers. 198,000
Fall River manufacturers------- ....... 68,000
Outside speculators (e s t )......
5,700
51,213
to
1892
The demand for staple cottons has been of an intermittent
character and generally without activity. Bleached shirtings
rule steady and in many instances are well sold ahead. For
brown sheetings there have been more inquiries for export
goods, but at such low prices that only a small business has
resulted. Colored cottons were without new feature apart
from Southern plaids, In these the Con) Agency has discon
tinued the large rebate previously made, and prices are now
quoted at standard 4% yards, 5 ^ c .; ditto, 5 yards, 43^c.;
ditto, 5% yards, 4*^c., and 6 yards, 4c. not, or 2 off 1) days.
Standard prints have been in steady demand, while sp cialties in fine printed tissues are in some instances sold to full
extent of production. A moderate duplicating business is re
ported in standard and fine dress ginghams, but white goods
and fast black fancies are quiet. A fair business has trans
pired in print cloths, although manufacturers are still some
what indifferent sellers of 64 squares at 3 l-16c. per yard. For
56x60s 2 9-l6c.@2%c. is quoted here and at Providence re
spectively, and
at Fall River for 60x56s.
'3,948,358
The absence of a pronounced demand for staple lines of
cotton goods continues to be the subject o f comment among
agents, to whom it is becoming increasingly apparent that
notwithstanding the fine prospects ahead buyers are still
in the main determined not to largely anticipate their re
quirements. It is believed that the present policy would be
abandoned, however, should cotton make a material advance,
as the late extreme weakness of the staple is the only visible
reason why the experience of the present season in the goods
market is so different from that o f previous years. It is
also out of keeping with the anxiety displayed by buyers for
speedy delivery of their purchases. The deliveries from the
mills and warehouses are still large of plain and printed cot
tons, and even wash goods, in which first business was com
pleted some time ago, are still moving out in goodly volume.
The tone of the market rules generally steady and prices on
the week are mostly without change. Jobbing business has
been largely confined to wash fabrics, only a slow trade pass
ing in other departments. There is still a general absence of
complaint so far as collections are concerned, and salesmen on
the road, and others, report more favorably of future pros
pects than of business in actual progress.
D om estic C otton G o o d s . —The exports o f cotton goods
from this port for the week ending January 12 were 2,093
packages, valued at $111,390, their destination being to the
points specified in the table helow:
New Y ork
127
C H R O N IC L E .
if* O CO O ' 00
<100(00 <1
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-2 «5
123
THE
C H R O N IC L E .
[VOL. L1V,
“ ments for which special assessments are levied” (addi
tional to “ generalrevenue purposes” ) “ not to exceed 6
“ mills;” (3) for paying interest-coupons on all bonded
TERMS OF SUBSCRIPTION.
debt
(additional to above) to an amount sufficient to
Com m ercial and Financial C H R O N IC L E con
pay the same; (4) a license tax upon all professions and
tains 40 to 64 pages published every week.
State and City Supplement o f C H R O N IC L E con occupations carried on in the city.
tains 184 pages published several times each year.
These provisions standing by themselves appear plain
Investors’ Supplement of C H R O N IC L E (a Cyclo enough; but as we proceed we find other sections which
paedia of Railroad Securities) contains 160 pages published interest on appear to modify the restrictions contained
D e b t and • ,1
*
.
_
.
every other month.
smki’g fund 111 tne foregoing. For instance, Section
Subscription to CHRONICLE for one year $10.00, •
q
* 569, page 214, enacts that “ at no time
which includes every issue of both S u p p l e m e n t s .
“ shall the levy of all city taxes of the current year for all
T h e pnrpose o f this State and City D epartm ent “ purposes exclusive of schools, water works, sewer and
is to furnish our subscribers with a weekly addition to and “ special improvement taxes, and a general tax for the
continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other “ paying or macadamizing of areas formed by the inter
words, with the new facts we shall give, the amplifications
sections of avenues, streets and alleys, exceed two per
and corrections we shall publish, and the municipal laws we
“ cent of the taxable property of the city.” The “ special
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the improvement taxes” referred to in the above are taxes
S t a t s a n d C i t y S u p p l e m e n t to as near the current date as authorized to be laid wholly on the abutting lots and
possible. Hence if every Subscriber will note in his S u p p l e blocks of land and are for paving, macadamizing, curbm en t on the page designated at the head o f each item a
guttering of streets, for sewerage and drainage by
reference to the page where the item in the C h r o n ic l e can districts, &c. Of course the restriction to two per
be found, he will at all times possess a complete and fresh
cent in the last section cited cannot include interest
cyclopaedia of information respecting Municipal Debts.
coupons. Then again by Section 573 the City Council
is “ authorized to make provision for a sinking fund to
K A N SA S LAW S AFFECTING M U N ICIPAL redeem at maturity the bonded indebtedness of the
BOND ISSUES.
city.” We assume that the word “ authorized ” means
[FOURTH a r t i c l e .]
in this case “ required,” and that a tax for sinking fund
In accordance with the promise contained in purposes would be inserted regardless of this 2 per cent
our last article on the laws of Kansas relating restriction.
to municipal debt ( C h r o n i c l e , January 2, page
As to Bond issues authorized in this General Statute
42), we take up to-day the General Statutes which for the Government of first class cities, the provisions,
have been framed for the organization and government
Bonds for wkich are mosk general in character are conof Cities. It will be remembered that to conform with
Im p rov e- tained in Section 586, page 219.
This secthe Constitutional provision prohibiting the Kansas
General tion authorizes the Mayor and Council to
Legislature from passing any special acts conferring
borrow money and issue bonds therefor for
corporate powers, cities were by the Legislature divided the purpose of paying for “ any improvements of a
into three classes (first, second and third class), (<general nature,” and “ for the construction of water
according to population, and general laws were enacted “ works and waterpower.” This authority cannot be
for the organization, &c., of each class. It is of those exercised, however, “ until the City Council shall be
laws we propose to treat now.
“ instructed ” to borrow the money and issue the bonds
The inquiry in its natural course opens with the “ by two-thirds of all the votes cast at an election held
Statute making provision for cities of the first class. In “ for that purpose,” &c. It should be stated that this is a
'First class” o u r secon(I article of this series (C h r o n i c l e law of 1881, and that it restricts the interest to 6 per cent
Ltoitasfl?- Dec> 1 9 1891> PaSe 943) we gave full de- and requires the bonds to be sold at not less than par
ute in Stat"
^he three-fold classification referred and to be made payable in not less than ten years and
to above.
Consequently it will only be not more than twenty years, and also makes obligatory
necessary to state here in a general way that under a tax levy “ on all taxable property within the city, in
the title of “ Cities of the First Class” is included any “ addition to other taxes, to pay said bonds at their macity having fifteen thousand inhabitants or over “ turity and their interest coupons as they respectively
which
the city authorities have certified to ‘ ‘ become due,” except “ whenever any of said bonds
the Governor as containing that population and “ are issued” * * “ for an improvement chargeable
which the Governor has declared by public procla “ to any particular or local property, the taxes” can “ be
mation to be a city of the first class.
Since the “ levied only on such property.”
statute states that the municipality so designated
There are other bond authorizations contained in the
thereupon becomes subject to the law we are about to statute: ( 1 ) Section 587 for bridges and culverts (these
consider, it seems proper to assume that the limita Bonds for spe- can only be issued with the consent of a
Improve.
1
tions and restrictions in this General Statute cial
ments. Brid- majority of the legal votes), and for refund«
control the action of the city authorities on all Roads!Gutter ing such bonds, the rate of interest not to
points of difference between it and other statutes. In mg, Curbing, excee(j 7 p e r cen^
0 f bond not
the matter of taxation we find a number of provisions,
being stated; ( 2 ) for sewers (Section 588) and for
and as they lack uniformity the intent is not in all
refunding of same, rate of interest not to exceed 7 per
respects perfectly clear.* First we have section 5 5 5 ,
cent, no length stated for bond ; (3) for guttering or
page 201, subdivisions First, Second and Third, where
paving or macadamizing (Section 589) or for refunding
the law limits the power of taxation ( 1 ) “ for general
the same, rate of interest not to exceed 7 per cent,
ee revenue purposes not to exceed 6 mills;” ( 2 ) “ for
length of bond not fixed. In addition to the foregoing
“ general improvements excepting sewerage and improvethere is a kind of bond authorized by Section 590 called
* AU our citations respecting cities of the first class refer to the Gen
eral Statutes of Kansas, compilation of 1889,VoL I., Chapter 18, pages “ improvement bonds of the city payable in instalments
198 to 253 inclusive.
“ of equal amounts each year ” to run not longer than
J anuary 16, 1892,]
THE
C H R O N IC L E .
1 29
ten years, nor to bear more than 7 per cent interest. sewer bonds, and the provisions are very like those last
This Section 590 was passed in 1887, and very likely cited with reference to levying a tax on the property
was intended in some measure at least to supersede the benefitted, and also with reference to the payment of the
before-mentioned sections 587, 588 and 589, which bonds by instalments.
were passed in 1885. We assume that to be the fact
We cannot omit to mention one other class of obliga
because this latest statute covers the same objects for tions Cities of the Second Class are authorized to issue.
improvement provided for in the earlier sections, as
Bf o r manu- W e r e f e r to what may be called manufactur*
well as other objects, and is quite elaborate in its details.
f acoring, ing bonds. Their issue is authorized, the
It (Section 590) provides that the credit of the city issu ses.
statute states, “ to encourage the establish
ing the bonds shall be pledged for the payment thereof; ment of manufactpries and such other enterprises as
that the instalment coupons sha-ll include the interest may tend to develop and improve such city.” A major
on the instalments to the maturity thereof; that if the ity of the votes cast at an election called for that pur
bonds are issued for an improvement which is by law pose is required if more than one thousand dollars to
charged by special assessment against specific property, any one object is to be granted. But this law is of a
. the Mayor and Council shall levy a special assessment kind which, as we have before said, is probably uncon
on that specific property each year to meet the year’s stitutional and void. The courts have often decided
instalment and interest.
that the public cannot be compelled to pay taxes to aid
The General Statute framed for the purpose of in in the establishment of private enterprises.
corporating and governing “ Cities of the Second
Citiesofsec- Class” is contained in Chapter 19, Section
B o n d Proposals and Negotiations.—W e have re
oiid class.
^
*
Taxes for 756 to and including Section 921, Volume 1. ceived through the week the following notices of bond
cou pon s* This class we would state in general terms recently negotiated and bonds offered and to be offered fo r
sale.
Fund. ng includes all cities of over two thousand in
Buffalo, N. Y.—(State and City Supplement, page 49.)__
habitants and not exceeding fifteen thousand inhabi Buffalo has sold $300,000 more of her 3% per cent charter
tants. The limit of taxation is fixed by Section 796, bonds.
Bexar County, Tex.—(State and City Supplement, page
which provides that at no time shall the levy of all
180.)—The State of Texas, as our readers know, has been
city taxes for general purposes (exclusive of school negotiating with Bexar County for the purchase of $240,000 of
taxes) exceed four per cent. The previous section new county court house bonds, interest at 6 per cent, payable
annually on April 10th, and principal due May 11 1911.
(795) requires in addition to other taxes a levy sufficient County Treasurer Edward Froboese now writes us that the
to pay “ ■the interest and coupons” as they come due on sale did not take place and the bonds are on the market.
Cadwell County, Ky.—(State and City Supplement, page
all bonds the city has issued or shall issue ; and Section 161.)—Cad
well County has issued a call for $10,000 of its out
794 not only authorizes but in this case the statute by standing 6 per cent bonds, which will be redeemed on March
1 1892 at office of the County Treasurer in Princeton, Ky.
its terms requires that the City Council make provision The
bonds are designated as follows :
for a sinking fund to redeem'at maturity the bonded in
Denomination $1,000—Nos. 51, 47.
Denomination $500—Nos. 38, 58, 31, 18, 1, 49.
debtedness of the city.
Denomination $100—Nos. 26, 96, 44, 46, 127, 117, 92, 112.
With regard to the bonded debt of this class of 110, 54, 113, 104,107, 98, 18, 78, 94, 35, 114, 89, 68, 115, 122,
80,
85, 97, 119, 121, 21, 6, 125, 123, 106, 27, 99, 116, 48, 32, 124,
municipalities, the first feature of importance to be
126, 3, 5, 75, 65, 63, 102, 76, 87, 62, 51.
Bond iJ,sues noted is the limitation to be found in SecInterest on these bonds will cease at date mentioned above.
Limited to ,.
,
. .
Cedartown, Ga.—The city of Cedartown has recentlv sold
io per cent, tion 797, where it is stated that the bonded
at 95 $50,000 of 6 per cent bonds.
indebtedness of any City of the Second Class shall
Cherokee County—North Carolina.—New bonds of Chero
at no time exceed 10 per cent of the assessed valuation. kee County are offered for sale to the amount of $30,000, bear
ing
interest at 6 per cent, payable annually on April 1. The
This limit does not include bonds issued for improve
bonds are to be dated April 1 1891 and mature April 1 1921.
ments for which a special tax is levied upon the prop W e give below the financial status of the county, includ
erty improved; and does not forbid the refunding of ing this new issue.
County seat is Murphy.
any existing bonded indebtedness. Section 792 author , LOANS—
When Due. I Tax valuation 1891___$1,619,534
6s, Apr. 1, $30,OOO...Apr. 1,1921 Actual value (est.)........ 3,000,000
izes the City Council to issue bonds for general improve Floating
debt 1892............$20,000 Population in 1890 was.........9,976
ments, but only when instructed to do so by a majority Total debt 1892.................. 50,000 |Population in 1880 was........ 8,182
The act authorizing this new issue of bonds provides for the
of all votes cast at an election held for the purpose; establishment
of a sinking fund and special tax levy for the
these bonds shall be payable in not less than ten years payment of the bonds at maturity, and also requires that the
nor more than twenty years from date of issue, and interest coupons be receivable for county taxes.
Cincinnati, Ohio.—(State and City Supplement, page 86.)
rate of interest must not exceed ten per cent. Street —The Board of Administration o f Cincinnati are to receive
bonds can be issued without a vote of the people, but proposals until Jan. 30 1892 for City Hall bonds to the
amount of $200,000, dated Dec. 1 1891, payable June 1 1909,
must be payable within one year and out of that year’s and optional after June 1 1899. Bonds are to bear interest at
taxes. Bonds for special improvements are authorized the rate of 4 p. c. per annum, payable semi-annually on June
and December 1st at the American Exchange National Bank of
Bonds auth- by Section 790, which was in the original New York.
Special fas ^aw (passed in 1872) and amended in 1885,
Crockett, Tex.—This city has sold $12,000 of 30-year 6 per
cent improvement bonds.
erai a8p if r - an^ by Section 832 which was passed in
poses.
18g5
and
am ended
in
18g7>
The
]a t te r
section appears to cover about the same objects as the
former, but the former requires the bond to be paid in
three or five instalments, each year’s coupon being for
the year s instalment and interest (at not more than 8
per cent) on all sums unpaid ; whereas the latter pro
vides for a bond not longer than ten years at not more
than 7 per cent interest with the coupons attached pay
able each year, each coupon including its portion of the
instalments to be paid with interest on all sums unpaid.
Other Special Improvement Bonds are authorized by
Sections 833, 834 and 835 ; these are sewerage and
Kansas City, Mo.—(State and City Supplement, page
120).—The date for receiving bids for $2,000,000 4 per cent
bonds to pay for constructing new water works in Kansas
City has been postponed to February 5. A communication
addressed to the Mayor and City Council, signed by prominent
citizens, appears in the Kansas City papers. This letter urges,
and it would seem very wisely, that it would be better to
come to an agreement with the existing Water Company
rather than to tear up the streets and duplicate unnecessarily
the present plant. We understand the present Water Com
pany have offered to submit to arbitration the whole matter
in controversy. Naturally the Water Company will defend
their chartered rights, and as a non-resident company the
case will have to be decided in the United States Supreme
Court. This means delay, and in the meantime the proposed
new bond issue must be more or less under a cloud.
Newark, N. J,—(State and City Supplement, page 66.)
The new water bonds of this city will be on sale in small
THE
130
Iowa—Clay County.—W e have received this week the fol
lowing statement of the debt and valuation of Clay County.
As this is the first information we have obtained from the
county no report appeared in our S t a t e a n d C i t y S u p p l e
lots to local investors until Jan. 27, after which date the re
mainder of the $2,000,000 loan will be offered to outside pur
chasers. It is reported that about $500,000 of this loan has
already been taken.
Penns» lrania.—(S t a t e a n d C i t y S u p p l e m e n t , page 69, and
C h r o n ic l e , Vol. LIY., page 44.)—It is reported that the State
Sinking Fund Commissioners have agreed to sell Government
bonds to the amount of $300,000, in order to have a sufficient
sum on hand to pay off the funding bonds of 1877, which fall
due Feb. 1 1892. The amount o f these bonds outstanding on
Dec. 1 1891 was $1,444,800.
Portland, Oregon.—(S t a t e a n d C i t y S u p p e m e n t , page
151.)—Bids for $100,000 of Port of Portland bonds were opened
on Dec. 30 1891, but none of the proposals were accepted.
Rensselaer County, N. Y.—(S t a t e and ' C i t y S u p p le m e n t
page 57.)—The bond table in our recent S u p p l e m e n t shows
that $35,000 of this county’s war bonds (irenewal) fall due in
1892. Of this amount $27,000 will be again renewed by the
sale of 4 per cent 15-year bonds. This sale will take place on
January 30 in Troy, N. Y.
Spokane County, Wash.—(S t a t e a n d C i t y S u p p l e m e n t ,
page 152.)—This county has sold $183,000 of 10-20 bonds bear
ing interest at 6 per cent, payable semi-annually.
W ilkesbarre, Pa.— (S t a t e a n d C i t y S u p p l e m e n t , page 77.)
—Bonds of this city to the amount of $20,000 will be offered
for sale on Jan. 20 1892.
m ent.
County seat is Spencer.
Tax valuation, personal. $421,844
Tax valuation, railroads. 181,585
6s, M&N, $45,000.......May 1,1896 Total valuation 1891___2,518,683
$2*00
Interest payable at Co. Treasury. State tax (per $1,000)...
$6'00
Total debt Jan. 1 1892.. $45,000 County tax (per $1,000).
Tax valuation, real........ 1,915,254 Population in 1890 was........9,309
LOANS—
C o u n t y B o n d s—
When Due.
Iowa—Franklin County.—The following financial state
ment for Franklin County was received December 31. As
this is the first information we have received regarding the
county, its debt figures did not appear in our S t a t e a n d C i t y
Su p p le m e n t .
County seat is Hampton.
Valuation, Etc.
Total valuation 1891.. .$4,500,000
5s, Apr., $40,000.From 2 to 10 yrs Assessment is *3 actual value.
State tax (per $1,000)..
$ 2 ’50
Interest payable in Hampton.
$5-00
Total debt Dec. 31 ’9 1 .... $40,000 County tax (per $1,000).
$10'00
Tax valuation, real........ 3,500,000 Average school ta x.......
Tax valnation, personal.1,000,000 Population 1890 was............12,871
LOANS—
When Due.
C o u r t H o u se B o n d s —
Minnesota—Ramsey County.—(S t a t e a n d C i t y S u p p l e
page 113.)—W e publish below the statement of Ramsey
County’s debt and valuation. A report received on Jan. 11
from A. N. Nelson, County Treasurer, enables us to give the
month when interest is payable on all issues of the county’s
bonds and also the latest figures of valuation, tax rate, &c.
Ramsey County includes the city of St. Paul (which is the
county seat) its assessed valuation being only 6 per cent in ex
cess of that of the city. Certain of the bonds below described
m ent,
STATE AND CITY DEBT CHANGES.
We 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 e n t . 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.
Jfitxatxcial.
\V o u L1V.
C H R O N IC L E .
f in a n c ia l.
IN V E S T M E N T
$ 2 5 ,0 0 0
City of Dallas, Texas,
40-Year Gold 5 Per Cent Bonds.
Interest Payable Semi-Annually, New York City.
A sse ss e d v a lu a tio n 1 8 9 0 .........$ 3 3 OOO OOO
T o ta l d e b t ...............
1 ,7 0 5 .9 1 0
W a t e r d e b t i n c l u d e d .....................
Z M V li
The city owns property valued at $1,200,000. In 1890
and 1891 total credits from water works were.$72,421
Operating expenses............................................. 53,389
Net credit................... ......................................$19,032
POPULATION......................................38,000
PRICE ON APPLICATION.
f i n a n c i a l .
BONDS. Lamprecht Bros. & Co.,
6 ^ P e r C ent 1 0 -1 5 y e a r F irs t M o rtg a g e
G o ld B on d s.
T R U S T E E —T H E S T A T E T R U S T CO .,
N o. 5 0 W a l l S tre e t, N ew Y o r k C ity.
PA RTIC U LAR S UPON APPLICATION .
BANKERS,
MUNICIPAL
The Gurley Investment
Company,
F IS H E R
DENYER,
-
NEW Y O R K ,
2 W a ll S tre e t.
Lombard Investment Co.
C apital, F u lly P a id , $ 4 ,0 0 0 ,0 0 0 .
/ j 0 / j 1st Mottgage Gold Bonds.
O / o ] Gold Debenture Bonds.
Jos. C . Platt, C. E .,
CONSULTING E N G IN E E R ,
and | 0 %
ATTORNEY AT L A W ,
B IR M IN G H A M , ALA.
NEW
YORK
The
AND B R O O K L Y N
Merchants’
Loan
Trust Company Bank,
FINANCIAL
CHICAGO*
T R U S T CO ’S STOCKS.
Specialties for Twenty Years.
D e a lt In b y
W I L L I A M C. N O Y E S
96j BR O ADW AY,
NEW
YORK.
Metropolitan Trust Co.
37 an d 39 W a ll Street. N ew Y o r k .
P a id -U p C a p ita l .........................$ 1 , 000.000
S u r p l u s ................................................. t 7 0 0 , 0 0 0
Designated as a legal depository by order o f
Supreme Court. R eceive deposits o f m oney on In
terest, act as fiscal or transfer agent, or trustee fo r
corporations, and accept and execute any legal trusts
from persons or corporations, on as favorable terms
as other similar companies.
Thom as Hillhouse, Pres. Fred ’k D. Tappen, Y.-Pres
C. M. Jesup, 2d V.-Pres.
Beverly Chew, Secretary.
George D'„Coanev. Assist jm Secretary.
BONDS
Issues of Corporations Possessing
Strong Municipal Franchises.
CASH
ORDERS
EXECUTED
ON
THE
W.
J.
Hayes & Sons,
BANKERS,
AND
m
MUNICIPAL
B A L T IM O R E S T O C K E X C H A N G H
1913 F ir s t A v e n u s ,
150 B R O A D W A Y , NEW Y O R K .
Bullitt Building,
FfllLAbüPFH U.
4 3 JO H N S T .,
N. Y . C I T Y .
Alfred H. Benners,
Call or write fo r Information.
BOBTON.
or
E x a m in a tio n s a n d R e p o r t s fo r I n v e s t o r s .
National Bank Stocks.
205 Sears Building
DE A LER S IN
A N D IN T H E
W ATERFORD,
N. Y .,
’J % 1st Mortgage Gold Bonds.
3
SH AW ,
B altim ore, M aryland,
$ 5 0 0 ,0 0 0
PARSON, LEACH & CO.,
C H IC A G O ,
7 3 D e a r b o r n S tre e t.
&
COLO.
C apital a n d Surplus,
BONDS.
Cleveland, O hio, P erry-P ayn e B ’ ld ’ ff
B o sto n , M a ss., 53 State Street.
N ew Y o r k , 11 W a ll Street.
C o r n e r D e a r b o r n an d W a s h in g to n S tre e t
E S T A B L IS H E D
1857.
C a p ita l (p a id In )............................. $ 2 ,0 0 0 ,0 0
S u rp lu s a n d u n d iv id ed p i jilt s ... 1 ,5 0 0 ,0 0
$ 3 ,5 0 0 ,0 0 (1
J.
W . DOANE, President.'
.
p . L, VOE. V ice-President
ORSON SMITH, Second Vice-President.
F. C. OSBORN, Cashier.
F. N. W IL D E R , Assistant Cashier.
TRU STEES.
M A R SH A L L FIELD,
J. W . DO AMB.1
C. H . MCCORMICK,
P. L. YOE.
JOHN DE K oV B N ,
GEO. M. PULLM AN.
A LB E R T K ELP,
A . H . BURLEY,
JOHN T Y R R E L L ,
E. T. W ATKINS,
LA M B E R T TR EE ,
E R 8 KINE M. PH ELPS.
ORSON SM fTH .
Banking in all its Branches Transacted.
Foreign exchange bought an sold.
Travelers’ Letters o f Credit and Com m ercla.
Credits issued, available in principal cities through
o u t the w orid. O b ' e transfers made.
LJ. G. ORCH ARD, Mgr. Foreign Dept.
Dealers in MUNICIPAL BONDS.
Street Railway Bonds and other high grade In
vestments.
C L E V E L A N D , O H IO .
BOSTON, M ASS.
/C able AddressN
v ’KEN N ETH .” /
CITY AND C O U N T Y
BONUS.
BO UG HT AND SOLD.
N . W . H A R R IS & C O .,
1 5 W a ll S tr e e t, N E W Y O R K .
BOSTON
C H IC A G O .
Mortgage Loans
IN
TEXAS.
MO COMMISSIONS charged borrower or lender unti
loans have proven good.
FRAN CIS S M IT H
& CO.,
S A N A N T O N IO , T E X A S .
Ja n u a r y
THE
16, 18f2.]
C H R O N IC L E .
Nebraska, Cass County.— (State
have the faith and credit of both St. Paul and the county
pledged for their payment, principal and interest.
LOANS—
A lm s H o u s e
When Due.
and
H o s p it a l —
«8, M & 8..$12,000....Sept.l, 1892
8s, J&D.. 15 ,00 0 ....June 1, 1893
8s, J&J... 7 ,0 00 .... July 1, 1893
and
C it y Supplement ,
page 127.)—W e have received this week a report from Cass
4 *28, J&J,$100,000...Jan. 4, 1916 County, which enables us to correct and amplify the debt
4*28, M&N, 200,000...May 2, 1917
412S, J&J, 150,000...July 2, 1918 statement published in our S upplem ent .
F u n d in g F l o a t in g D e b t —
County seat is Plattsmouth.
8s, M&S..$50,000 Mar. 1 ,1 8 9 5
4*28,M&N.. 75,000..May 2, 1907
B r id g e R e n e w a l B o n d s—
78, M &8... $50,000... Sept. 2, 1898
7s, M&N... 18,000...May 1, 1899 5s, A&O....$7,000....Apr. 1, 1901
-4*38, F&A, 75,000...Aug. 1, 1917 5s, A&O.... 7,000___Apr. 1, 1902
58, A&O....22 ,0 0 0 ....Apr. 1, 1903
C o u r t H o u se a n d C i t y H a l l —
5a, J&J, $50,000...Jan. 1, 1915 5s,A&O.... 9,000___Apr. 1, 1904
INTEREST—WHERE P A Y A B L E —Interest is mostly payable in
New York at the Chase National Bank.
TOTAL DEBT, E T C - — Total funded debt Jan. 1,1892, was $849,460,
Including $2,640 of past due bonds which have not yet been presented
for payment.
ASSESSED V A L U A T IO N .—The assessed valuation in 1892 of real
estate is $112,339,018; personal property, $16,739,343; total, $129,078,361. The total assessed valuation in 1889 (tax of 1890) was
$126,588,533, against $30,547,264 in 1880. The tax rate per $1,000
in 1891 was as follow s: State tax, $4 60; county tax, $2 10; city tax,
$10 90; school tax, $2 40; total tax, $20. The State and county tax
<per $1,000) in 1890 was $6-00.
POPULATION in 1890 was 139,796; in 1880 was 45,890.
Missouri—Clinton County.—W e have received this week
the facts given below concerning Clinton County’s debt.
County seat is Plattsburg,
Total debt Jan. 1 1892 . . . . .$50,000
Tax valuation not reported.
R a i l r o a d A i d B o n d s—
<6s, July 1, $50,000.. .July 1,1905 Bonds are exempt from taxation.
Optional after July 1,1895 Population in 1890 was......17,138
Population in 1880 was......16,073
Interest payable in Plattsburg.
LOANS—
131
When Due.
Missouri—Ralls C ou n ty— (State
an d
Ci t y Supplement ,
page 121.)—The following statement contains some hew facts
in addition to those already published in our S upplem ent .
County seat is New London.
LOANS—
When Due. Tax valuation 1890---- 4,319,070
Assessment about ^ actual value.
Feb., $346,000....Feb. 1,1909 Total tax (per $1,000).......... $16*10
Subject to call after Feb. 1,1894 Population in 1890 w as___ 12,294
do
in 1880 was___ 11,838
Total debt Feb. 11892.. $346,000
‘ R e f u n d in g B o n d s
es,
*$100, $500 and $1,000 each.
INTEREST is payable in St. Louis at Third National Bank.
LOANS—
When Due. Sinking funds......................$20,000
Co u r t H o u s e B o n d s ,
Net debt Jan. 1 1 8 9 2 ....... $100,000
5s, Jan., $80,000........Jan. 1, 1911 Tax valuation 1891___ $5,143,783
Subject to call after Jan. 1, 1901 Assessment about x4 actual value.
R a il r o a d A i d B o n d s .
State tax (per $1,000)............ $6*50
Burlington & Missouri RR.
County tax (per $1,000)___ $18*60
10s, June, $20,000.. .June 7, 1892 Sohool tax (average)............. $10*00
10s, Juno, $20,000... June 7. 1896 Population in 1890 was___24,080
Bonded debt Jan. 1 1892..$120,000 Population in 1880 was___16,683
INTEREST on all bonds issued by this county is payable in New
York.
Nebraska—Kearney.—(State and Ci t y Supplement , page
128.)—City Treasurer O. P. Pearson, of Kearney, Neb., sends
us this week a corrected statement of the city’s debt, and the
following is the report as it appeared in our S upplement with
corrections and additions thus furnished.
This city is in Buffalo County, on the Union Pacific and
other railroads, 195 miles west of Omaha.
LOANS—
Ca n a l
and
W ater-
When due.
78, J&J, $30,000.......July 1, 1902
Ci t y H a l l -
58, M&S, $ 2 5 ,0 0 0 .,..Sept. 1, 1908
S e w e r B o n d s—
6s, J&J, $70,000.......Jan. 1, 1910
K e a r n e y S c h o o l D is t r ic t —
Kearney Precinct—
R e f u n d in g L o a n s —
6s, J&J, $13,000...... Dec. 24,1891
6s, J&J, 20,000...... Deo. 24,1896
Kearney City—
Total debt Jan. 1892.... $128,000
Sinking fund assets___
8,000
Tax valuation 1 8 9 1.... 1,200,000
Assessment about 1« actual value.
Population 1890 w as.. .
8,074
do
1880 w a s...
1,782
6s, J&J, $14,400........ Jan. 1,1901
6s, J&J, 18,000........July 1,1905
6s, A&O, 10,000...... Oct. 1,1908
Subject to call after Oot.1,1893.
INTEREST on the sohool bonds is payable at the office of the
County Treasurer orbyKountzeBros., New York, and on the refunding
bonds interest is payable by the County Treasurer or at the National
Park Bank, New York.
Nebraska—Richardson County.—(State and Cit y Sup
129.)—W e have received a statement this week
from J. F. Walsh, Treasurer of Richardson County, which
plem ent , page
IEF“ See n ex t page far oth er debt ch an g e«.
I P i a c je l l a t t je t f w s .
Assets Dec. 3 1 , 1 8 9 1 .......$ 6 ,7 3 7 ,9 8 8 27
The American
S u rplu s..................... ............
6 4 9 ,0 4 1 05
1850.
1892,
Manufacturing
Company
Exchange Banking &
5 1 1 2 W a ln u t St., St. L o u is, M o
The
United
States
Life
Offices 1 16 & 18 E xch an ge P lace, N. ¥
Trust Company,
Insurance Co,
Manufacturers o f
Investments in the South.
THE L ARG EST W O RK ERS OF F IB R E IN THE W O RLD
CHARLESTON, S. C.,
‘■ Transacts a General Banking and Trust
Business. Savings Department. Interest
Allowed on Deposits.
Investments made (at usual rates o f commission)
n safe and reliable interest-paying Southern secur
ities, and 1 st mortgage loans on improved city and
tow n real estate. Correspondence solicted as to all
Southern investments. Being within easy reach
o f all parts o f the South thorough and careful inves
tigation can be made o f intended investments or
purchases.
B A G G IN G F O R COTTON.
In addition to mills at St. Louis and Charleston
nave ju st com pleted at Greenpoint, Brooklyn, the
largest, best equipped and best located
CO R D A G E
AND
B A G G IN G M I I X
IN A N Y COUNTRY.
DIRECTORS.
A . S. J. P e r r y , o f Johnston, Crews & Co., wholesale
dry goods.
W il l ia m M. B ir d , o f W m . M. Bird & Co., wholesale
paints and oils.
J a m e s A l l a n , o f James Allan & Co., jewelers.
■J. H . F. K o e n ig , with Knoop, Frerichs & Co., cotton
exporters.
-Geo . B. E d w a r d s , Pres. Electric Light & Power Co
J . Spencer Turner,
SUCCESSOR TO
B r i n c k e r l i o f f , T u r n e r & C o .,
M AN U FACTU RER A N D D E A LE R IN
C O T T O N SAIL DUCK
JOSEPH GILLOTT’S
STEEL. PENS.
GOLD MEDAL, Paris
•COTTON CANVAS FELTING DUCK,
CAR COVERING, BAGGING,
R AVENS DUCK, SAIL TW INES, &0.,
ON TARIO ” SEAMLESS BAGS,
“ A W N IN G ” STRIPES.
A lso . A gen ts
UNITED STATES BUNTING CO.
A full supply, all W idths and Colors, always
"•took.
N o. 10 9 D u an e Street.
Augustus Floyd,
32 Pine Street, Mew Y o rk ,
Securities.
exposition,
18 89.
THE MOST PERFECT OF PENS*
ESTABLISH ED 1865.
Eugene
R.
C o le ,
1888............ $6,335,665 50 11890............ $11,955,157 00
1889............. 8,403,025 00 11891............ 14,101,654 00
CEO. H. BURFORD President.
C. P . F R A L B IG H ,
A . W H E E L W R IG H T ,
Secretary.
Assistant Secretary.
W M. T . STAND EN, Aotuary.
T he tw o m ost popular plans o f L IF E INSUR
ANCE are the CONTINUABLE TERM POLIC Y,
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 outlay; 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 SE
C U RITY FOR A LOAN to the extent o f the fu ll
legal reserve value thereof, in accordance with the
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.
SECURE BANK VAULTS.
S T A T IO N E R AN D P R I N T E R .
Supplies Banks, Bankers, Stock Brokers and Cor
porations with com plete outfits o f A ccou n t Book«
and Stationary.
%3P~ New concerns organizing will have the!
orders prom ptly executed.
Mo. 1 W I L L I A M S T R E E T .
GENUINE
H A N O VE R SQUARE.)
WELDED CHROME STEEL AND IRON
TH O R O U G H CIPHER CODE.
in Round and Flat Bars, and 5-ply Plates and A ngle
FOR SAFES, V AU LTS, &c.
Cannot be Sawed, Cut, or Drilled, and positively
Burglar-Proof.
A N D A L L R IN D S OF
N EW IN SU RAN CE W R IT TE N .
AND OF
OFFICERS.
GEO. B. EDW ARDS, President.;
P. N. PICKENS, Cashier.
H. C. W H ILDEN, Secretary and Treasurer.
J. LA M B PE RRY, Solicitor.
SMYTHE & LEE. General Counsel.
Broker in Investment
IN T H E C IT Y OF N E W Y O R K .
CO RDAG E
General:—N ot S p e c ia lC o p io u s Blanks
Secrecy Device P e r f e c t H a n d y Size.
($1.50 each.)
($15.00 a dozen.
BURNZ & CO.,
24 Clinton FI.
or
STEEL W O R K S ,
B R O O K L Y N , N . 'Y .
THE A U TH O R
5th Floor,
3 3 W all S t.
T H O M A S B R A M C H & CO.,
BANKERS
CHROM E
Sole Man’f e r s in the U. S.
GET IT FROM
P U B L ISH E R S,
A N D COMMISSION MERCHANTS
R IC H M O N D , V IR G IN IA .
Circulars and inform ation on funding the debts 01
Virginia and North Carolina free o f oost; one-eight 1
per cent charged fo r fun din g. Southern Railroat
and State and City Bonds bough t and sold.
Staten Island Securities
A S P E C IA L T Y .
Gas, Railroad and Electric Light Go.
Stocks.
GEO. R . R I P L E Y ,
6 6 .B ro a d u a y . R o o m 8 ,
132
THE
C H R O N IC L E ,
enables us to give the details of that county’s outstanding bonds.
County seat is Falls City.
LOANS—
When Due.
8s, July, $137,610... | jJJiy i ’ i | g
About $17,200 due yearly.
Interest payable in Falls City.
Bonded debt Jan. 11892..$137,610
Total debt Jan. 1 1 8 92 .... 138,610
Tax valuation 1891.......$3,391,300
Assessment about 1-5 actual value.
State tax (per $1,000).......... $7 12
County tax (per $1,000)....... 17 60
Population in 1890 was.......17,574
Population in 1880 was.......15,031
New Hampshire—Carroll County.—W e have received this
week the following statement o f Carroll County’s debt. No
report from this county appeared in our State and City
Supplement.
County seat is Ossipee.
fVOL. L I Vi
Real estate..................... .................................. ...................... $577.621,60&
66,628,378
Railroads, including street railroads...............................
Live stock
............................................................ 88,955,135
Money on hand........................................................................... 14,192,084
Personal and other property.................................................... 122,995,161
Total assessed valuation December 1891.......................$870,392,367*
These figures with others taken from the State and Cit y
Supplement are given in the following table which shows the
State’s valuation for each of the last four years.
P (> y S 0 7 l(tl
Years.
Beal Estate.
1891...............................$577,621,608
1890..................... ......... 499,522,828
1889............................... 480,135,007
1883............................... 441,076,925
Property.
$292,770,759
282,589,055
249,040 557
240,007,979
Total.
$870,392,367
782,111,883
729,175,564
681,084,904
Wisconsin—La Crosse.—(State and City Supplementr
page 108.)—We have received a communication this week
from N. C. Bacheller, City Clerk of La C rosse, which fur
New Jersey—Salem.—(State and City Supplement, page nishes us with certain details of the school, sewer and water
67.) The following statement of Salem’s financial condition bonds omitted in our recent Supplement, and also gives us>
on January 1 1892 is made up of facts taken from our Sup the new loans issued since the date of that report. The fol
plement and additional information sent us by Mayor J. W. lowing statement of the city’s debt is corrected to Jan. 11892.
Acton this week.
La Crosse is in La Crosse County, on the Mississippi River
152 miles north of Dubuque.
Salem is situated in the county of the same name.
LOANS—
When Due. I Interest is payable at County TreasCo u n t y B o n d s—
ury or in Boston.
4s, M&S. $40,000........ Mar.l, 1906 Total debt Jan. 11892.......$40,000
Subject to call after 1896.
|Population in 1890 was___18,124
LOANS—
When Due. Bonded debt Jan. 1 1892..$60,000
W a t e r B on dsTax valuation 1890........4,140,875
58, J&J, $20,000..........July 1,1896 Property assessed about actual val.
5s, J&J, 20,000..........July 1,1901 Tax rate (per $1,000)
$12*40
5s, J&J, 20,000.......... July 1,1906 Population in 1890 w a s ......5,665
INTEREST is payable at the office of the Pennsylvania Mutual Life
Insurance Co., Philadelphia, Pa.
Oregon—Lake County.—The figures given below showing
the financial status of Lake County were received this week
from W. N. Sutton, County Clerk, who writes that the ques
tion of bonding the county has been talked of but no action
has been taken as yet.
County seat is Lakeville.
Floating debt 1892........ $40,856
Tax valuation, real........ 881,895
Tax valuation, personal. 1,060,745
Total valuation 1891___1,942,640
Assessment about ^ actual value.
The floating debt consists of corn
terest.
State tax (per $1,000)...........$5 50
County tax (per $1,000)....... $8 50
Average school ta x............... $4 00
Population in 1890 was....... 2,604
Population in 1880 was....... 2,804
by warrants bearing 8 per cent in
Texas.—(State and City Supplement, page 178.) The tax
assessment has recently been completed in the State of Texas
and the Galveston Daily News gives the following as the result.
LOANS—
B r id g e B o n d s —
Ci t y H a l l B o n d s—
5s, M&S, $40,000...... Mar. 16,1911
Optional after Mar. 16,1901
80 Broadway, New York.
c a p it a l
-
SU RPLU S-
-
-
-
-
$ 1 , 000,000
- $ 3 ,7 5 0 ,0 0 0
S c h o o l B o n d s —(Continued)—
5s, A&O, $17,000.......Oct. 1,1907
Optional after Oct. 1, 1897
5s, J&D, $18,000......June 15,1911
Optional after June 15,1901
Se w e r
an d
W a t e r B on ds—
5s, J&J, $10,000........ Oct. 1 , 1916»
Optional after Oct. 1,1906
W a t e r B on ds —
R.R. B o n d s - 5s, J&J, $10,000........Sept. 1,1904
78, M&S, $75,000.......July 15,1892
Optional after Sept. 1,1894
($15,000 ye’ly) to July 15,1896 5s, J&J, $20,000........ Oct. 1 , 190T
R e d e m p t io n B o n d s —
Optional after Oct. 1,1897
5s, J&J, $7,600:........July 15,1901 5s, J&D, $25,000........Dec. 1,1911
Optional after July 15,1891
Optional after Deo. 1,1901
Sc h o o l B o n d s5s, J&J, $60,000........July 1,1915
58, J&J, $15,000........Nov. 15,1903
Optional after July 1,1905
Optional after Nov. 15,1893
INTEREST on all recent issues is paid in La Crosse; on the railroad
7s in New York at Farmers’ Loan & Trust Company; on the water 5s
(due 1915) in New York at State Trust Company.
T O T A L DEBT, Etc -—The total funded debt Jan. 1 1892 was
$452,600; sinking fund assets, $30,000; net debt $422,600.
ASSESSED VALUATION.—In 1891 the assessed valuation o f rea
estate was $8,869,402; of personal property, $1,981,747 ; total, $10,851,149. Property is assessed at about 23 its actual value. In 1890 the
assessed valuation of real estate was $8,865,567; of personal property
$1,884,563; total $10,750,130. Tax rate (per $1,000) $20*00.
POPULATION.—The population in 1890 was 25,090; in 1880 was»
14,505.
G r e e n B a y & M in n .
Union Trust Comp*>any United States Trust Co.
OF N E W Y O R K ,
When Dae.
5s, Oct., $70,000.......Oct. 1, 1909
Optional after Oct. 1,1899
5s, J&J, $85,000.......Jan. 15,1910
Optional after Jan. 15,1900
OF NEW YORK,
45 and 4 7 Wall Street.
CAPITAL AND SURPLUS, - $ 9 ,7 5 0 ,0 0 0
O LD C O LO N Y
TR U ST CO M PANY.
B O ST O N , BA SS.
This company is a legal depository fo r moneys
Authorized to act as Executor, Administrator, paid into court, and is authorized to act as guardian C apital
$ 1 ,0 0 0 ,0 0 0 0 0
or trustee.
Guardian, Receiver or Trustee, and is
INTEREST A LLOW ED ON DEPOSITS,
Surplus, 5 0 0 ,0 0 0 0 0
,
A LE G A L DEPOSITORY FOR MONEY.
A cts as Trustee o f mortgages o f corporations, and which may be made at any time and withdrawn after
nve days’ notice, and will be entitled to interest fo r Transacts a General Banking Business.
accepts the transfer agency and registry o f stocks,
the
whole
time
they
may
remain
with
the
company.
A llow s interest on deposits, which may be made at
Executors, administrators or trustees o f estates, AL L O W S INTEREST ON D A I L Y BALAN CES SUBJECT
any time, and withdrawn on five days’ notice, with
Interest fo r the whole time they remain witn the and w o m e n unaccustomed to the transaction o f
TO CHECK.
business, as well as religious and benevolent institu
com pany.
For the convenience o f depositors this company tions, will find this company a convenient depository TRUSTEE U N D ER M ORTG AG ES. T R A N SFE R A G E N T
also opens current accounts subject, in accordance fo r m oney.
R E G IST R A R .
JOHN A . STEW A RT, President.
with its rules, to check at sight, and allows interest
GEORGE BLISS, Vice-President.
upon the resulting daily balances. Such checks pass
BOARD
OF DIRECTORS.
JAMES S. CLARK, Second V ice-Pres’t.
tbyaugh the Clearing House.
T. Jefferson Coolidge, J r.p resident' ’
H E N R Y L. THORNELL, Secretary.
Attends specially to the MANAGEM ENT OF
Frederick
L.
Ames,
John F. Anderson,"
LOUIS
G.
HAMPTON,
Assistant
Secretary.
R E A L E STATE and to the collection and remit
John L. Bremer,
Martin Brimmer
tance o f rents.
T. Jefferson Coolidge,
George F. Fabyan,
TRUSTEES:
►It makes ample provision in its
George
P.
Gardner
Francis
L . Higginson,
W
ilson
G.
Hunt,
Chas.
S.
Smith,
Jno.
H
.
Rhoades,
N E W B U R G LA R AND FIR E PROOF V AU LTS
enry 8. H owe,
W alter Hunnewell,
lo r the safe keeping o f securities placed in its cus Daniel D. Lord, A nson P. Stokes, W m .R ockef eller, H
William P. Mason
George V on L. Meyerit
Samuel Sloan,
G eo.H . Warren, A lex. E. Orr,
tody, on which it collects and remits income.
Richard O lney
James Low,
W m.H. Macy,Jr., Laurence Minot,
George Bliss,
TRUSTEES
H enry R. Reed,
Lucius M. Sargent,
W m. D. Sloane.
W m . W hitewright,
H . V an Rennsl’r Kennedy W m . W . Phelps, W m. lilbbey,
Nathaniel Thayer
John I. W aterbury.
D. Willis James, John C. Brown, G. H . Schwab,
H enry A . Kent,
James H . Ogilvie,
Stephen M. W eld,
H enry C. W eston
John A . Stewart, Edward Cooper, Frank Lyman,
R- T. W ilson,
James T. W oodward,
Erastus CornffigJW. B ’y’d Cutting. Geo. F. Vietor,
T. JEFFERSON COOLIDGE, JR.,
y 5 * £ ; ® '’ 188e" '
George A . Jarvis,
Wm. W a'd orf Astor.
C. D. W ood,
C. Vanderbilt,
President*
James N. Platt,
A . A . Low,
C. S TUCKERMAN,
D. C. Hays,
G. G. Williams ;j
W m . A lex. Duer,
R . G. Remsen,
Secretary
Charles H. Leland,
Edward Schell,
"d w a rd King,
Amasa J. Parker,
101 Broadway. Brooklyn, N. Y .
5*
-S*W efley.
Samuel F. Barger
D. H . McAlpin,
Geo. C. Magoun,
C A P IT A L ....................................... $ 5 0 0 .0 0 0
George B. Carhart,
W. Emlen Roosevelt
Deposits
received subject to check at sight, and
ChauncyM . Depew.
I n t e r e s t a l l o w e d on the resulting daily balances.
__
m . EXECU TIVE COMMITTEE.
Certificates o f deposits issued fo r tim e deposits,
W m . Whitewright,
G. G. Williams,
on which s p e c ia l r a t e s will be allowed.
Edward Schell,
E. B. W esley,
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 .
Geo. C. Magoun,
C. D. W ood,
C H IC A G O , IL L .
Authorized by law to act as Executor, Adminis
ft* J. H a y s ,__
James T. W oodward.
trator, Committee, Guardian, Trustee, Receiver, CAPITAL AND SURPLUS, - $ 3 ,2 5 0 ,0 0 »
E D W A R D KING, President.
Fiscal
and
Transfer
A
gent
and
as
Registrar
o
f
CORNELIUS D. ’(VOOD, ) xrt™ -d .
*
Stocks and B onds; Is a l e g a l d e p o s i t o r y f o r
JAM ES H . OGILVIE,
( Vice-Presidents.
INTEREST ALLOWED ON DEPOSITS.
T r u s t F u n d s and fo r moneys paid into court.
AUGUSTUS W . KE LLE Y, Secretary.
Loans made on approved collaterals.
J. V . B. T H A Y E R , Assistant Secretary.
This
Bank is directly under the jurisdiction and!
W ill take entire charge o f securities during ab supervision
o f the State o f Illinois, is a L E G A L
sence or otherwise o f owner.
fo r Court Moneys, and is authorized
Checks on this Company are payable through the DEPOSITORY
to act as TRUSTEE, EXECUTOR, RECEIVER and
New
York
Clearing
House.
W ANTED :
ASSIGNEE fo r ESTATES, IN DIVID U ALS and
A . D. W HEELOCK, President.
CORPORATIONS.
W IL L IA M DICK, )
OFFICERS:
JOHN TRUSLO W , j Vice-Prest S.
“ CHRONICLE,” ISSUE JAN. 17,1891. O. F. RICHARDSON
John J. Mitchell, President.
Secretary
John B. Drake, Vice-President.
T R U S T E E S tl
W m . H . Mitchell, Second Vice-President.
TW E N T Y CENTS A COPY W IL L BE PA ID .
W m . H . Reid, Third V ice-President.
W in. Dick,
F. W . W urster, Joel F. Freeman
A . D. Baird
Bernard Peters, Chas. H. Russell James S. Gibbs, Cashier, B. M. Chattell, A ss’t Cash’r
Darwin R. James, W m. E. Horwill, Edward T. Hulst,
DIRECTORS :
H .H . Rogers,
Joseph F. Knapp, Jno.McLaughlin, John McCaffery,
John B. Drake,
W M . B . D A N A & C O .,
I B . Tuttle,
Jno. T. W illetts, A . M. Suydam,
L. Z. Leiter,
W m . H . Reid,
John Truslow,
John Loughran, W m .E.W heelock Wm. H . Mitchell,
John J. Mitchell,
Thos.F.Rowland. W m. F. Garrison, O. F. Richardson. W m. G. Hibbard,
J. C. McMullin,
1 0 2 William Street, New York.
Ditmas Jewell,
A . D. W heelock,
D. B. Shipman.
The Nassau Trust Co.
Illinois Trust & Savings
Bank,
J l .N C A .R Y
16, 1892.]
THE
S e g a l.
Notice of Sheriff’s Sale.
NOTICE IS H E R E B Y GIVEN, That In pursuance
■of a decree o f foreclosure and sale duly rendered
and entered in its Journal by the Circuit Court o f the
State o f Oregon for the County o f Benton, at a regu
lar Term o f said court, on the 27th day o f April,
1891, in a certain suit then pending in said court,
t h e r e in The Farmers’ J,oan & Trust Company, as
Trustee, is plaintiff, and the Oregon Pacific Railroad
Company and the W iliam ette valley & Coast Kailroad Company are defendants, in favor o i said plaintiff and against said defendants, decreeing, ordering
and directing that all the property, real, personal
and mixed, rights and franchises o f every kind and
nature and o f every description o f the said defend
a n t corporations be sold at public auction, in the
manner prescribed by law, to satisfy the said decree:
And in pursuance o f execution and order o f sale
issued out o f said court on the said decree rendered
a s aforesaid, bearing date October 23d, 1891, and at
tested by the clerk o f said court under the seal
th ereof, and to me directed as Sheriff o f Benton
County. Oregon, and commanding me as suchi Sheriff
t o sell all o f the property, rights and franchises o f
«aid defendant corporations, o f every kind and
nature, hereinafter set forth and described, at public
auction in the manner prescribed by law, to satisfy
the said decree in said suit, I, W illiam Mackay, Sher
iff o f Benton County, State o f Oregon, will expose for
sale and sell at public auction to the highest bidder
on Wednesday, the ninth day o f D ecem ber,1891, at
the hour o f 12 o’clock noon o f that day, at the front
door o f the court-house In the city o f Corvallis, in
the county o f Benton, in the State o f Oregon, all the
following described property, premises, rights and
franchises to wit :
.
,
.
All and singular the property,real,personal and
m ixed o f The Oregon Pacific Railroad Company and
o f the W illamette Valley & Coast Railroad Company,
And o f either o f them, whenever acquired, whereso
e v e r situate, and o f whatsoever kind and description,
Including all the right, title and interest o f said rail'oad corporations and either o f them, in or to all and
intmiar the line o f railroad from Yaquina Bay to the
eastern line o f the State o f Oregon; and also all
ither railroads belonging to the said Railroad Cor
porations, or either o f them, and all and singular the
telegraph and telephone line and lines o f the said
railroad corporations or either o f them, constructed
u p on or over the lines or routes o f said railroad or
railroads or any o f them, and also all the lands,
tracts, lines, rails, bridges, ways, buildings, piers,
■wharves, structures, erections, fences, walls, fixtures,
franchises, privileges and rights o f the said railroad
■corporations or either o f them, and also all locom o
tiv es, engines, tenders, cars, carriages, tools, ma
chinery, manufactured and unmanufactured materiAls, coal, wood and sapplies o f every kind, belonging
or appertaining to the said railroad corporations or
either o f them ; also all the steamships, steamers,
.«teamboats, ferry-boats, tugs, barges, boats, sailing
vessels and other water-craft, with the coal, wood,
supplies and materials, and the tackle, furniture,
■equipment and appurtenances to them or any o f
hem belonging, or In anywise appertaining; also all
the tolls, income, issues and profits arising or to
arise out o f the said property or any part thereof,
and all rights to receive and recover the same;
also all estate, right, title and interest o f the
said railroad corporations or either o f them, in and
¡to any and all real estate belonging to them or either
■of them, including the grant o f lands known as the
lands o f The W llam ette Valley f& Cascade Mountain
> W agon Road Company, and ail lands located or
* selected, or to be located or selected under or by
■virtue o f such grant or grants; and also all leasehold
lands with the buildings thereon erected; also all
piers, bulkheads and water-fronts, and all other
water-rights and privileges o f every sort and de
scription; also all the estate, right, title and interest
o f the said railroad corporations, or either o f them
‘ in any other corporations, including all stock and
shares o f stock o f other corporations, held and own
ed by The Oregon Pacific Railroad Company or by the
Farmers’ Loan & Trust Company, as trustee under
the mortgage or deed o f trust o f said railroad cor■ porations, dated October 1st, 1880,' including all
«to o k and shares o f stock o f the W illamette Valley
St Coast Railroad Company, o f the W illam ette Valley
& Cascade Mountain W agon Road Company, and o f
the Des Chutes River Bridge Company, so held and
owned; including all and every right, title and inter
est o f the said railroad corporations or either o f
■ them, in or to the property and premises above men• tioned and described, whether as lessees or as hold
ers o f the stock or bonds o f any other corporation,
association or organization, or however such interest
may be regarded, in law or in equity, as subsisting or
inhering in the aforesaid property and premises, or
any part thereof; including all and all manner o f fran
chises o f every kind and description, how ever deriv
ed, all and all manner o f real estate or interest
therein, wherever ss* ch real estate may be situated,
and all and all manner o f personal or mixed proper
t y , o f whatever nature or description the same may
e, owned or possess ed by the said railroad corpor
ations, or either o f them, whenever acquired; and
also all choses in action o f every kind and descrip
tion, including bills receivable, book accounts, traffic
balances and all books o f record and accounts o f
every kind and description, all papers, maps, inven
tories and documents in anywise referring or relat
ing to the property or franchises hereby conveyed;
And also all the frarchises and property and all per
sonal rights or interests in any franchises or proper
t y . o f every kind and description, real, personal or
mixed, and wherever the same may be situate, that
may at any time have been acquired by said railroad
•corporations, or either o f them; and including also
t h e following^ named steamboats, at present on the
W illamette River, namely the steamboats “ Three
Sisters,” “ N. S .Bentley,” and “ W m . M. Hoag,” and
also the steamtugs “ Favorite” and “ Resolute,” now
A t Yaquina Bay, and the steamship “ W illamette
Valley’ ’ plying between Yaquina and San Francisco,
together with all tl e machinery, boats, tackle, stores
and outfit; and a'so all their property o f every
sort and description used as the construction
plant and outfit for the construction o f the said
■Oregon Pacific Railroad, and all the articles o f
property o f every sort and description, thereunto
belonging, whether the same be the property o f the
■Oregon Pacific Railroad Company, or or the Willa
m ette Valley & Coast Railroad Company ; also their
.and each o f their office furniture and other personal
property, supplies, merchandise andother goods and
chattels o f every name, nature and description ; and
also all rents, issues, incomes, profits, moneys, rights,
•benefits and aavantages derived or to be derived
therefrom in any way whatever.
The purchaser, before his bid is accepted must
‘ deposit with the Sheriff, twenty-five thousand dollars
Jn money or in checks or draits satisfactory to him,
to be applied in part payment o f the purchase
money. If the sale is confirmed. If the bidder
■whose bid shall have keen accepted, and who shall
have made the required deposit, shall fail to com
IX
C H R O N IC L E .
gfitxauciart.
S e g a l*
plete the purchase by complying with the terms o f
sale and payment o f the balance o f the purchasem oney within the time limited fo r that purpose, the
property will again be exposed fo r sale, and the
Sheriff will retain the amount o f the deposit made
by the bidder as aforesaid, to be applied under the
order and direction o f the court, so far as necessary,
to the payment and satisfaction o f the costs and
expenses resulting from such failure to com plete
the sale as the court may determine, and subject to
further directions as to any balance that may re
main. The balance o f the purchase-money must be
paid within thirty days from the day o f sale and so
m uch o f such balance as is not required by the court
to be paid in money, may be paid in the R eceiver’s
certificates, authorized by the cou rt, and in bonds
and overdue interest coupons secured by the m ort
gage o f said railroad corporations to the plaintiff, as
trustee, dated October 1st, 1880, and foreclosed in
this suit, such bonds and coupons being accepted at
sucb rate and percentage as the holder would be en
titled to receive in respect o f such bonds and coupons
out o f the purchase-money and proceeds o f sale, as
the same may be ascertained.
Dated, Corvallis, Oregon,
October 27th, 1891.
W M. M ACKAY,
Sheriff o f Benton County, Oregon.
T u r n e r , M cCl u r e & r o l s t o n ,
22 W illiam Street, New York.
J o h n R. Br y s o n ,
Corvallis, Oregon.
Plaintiff’s Attorneys.
OFFICE OF
The Girard Life Insurance,
Annuity & Trast Oo.
NOTICE OF POSTPONEMENT OF ABOVE
SALE.
It appearing to me to be fo r the advantage o f all
concerned, and the above-named plaintiff and de
fendants having endorsed their written consent on
execution, I, as such Sheriff, have adjourned the
above-m entioned sale o f the above-m entioned prop
erties to the hour o f one o ’clock P. M., on W ednes
day, the 20th day o f January, 1892.
D a t e d Co r v a l l is , Or e g o n , December 9,1891.
W M. M ACKAY,
Sheriff o f Benton County, Oregon.
Manhattan
Trust
Co
Corner of Wall and Nassau Sts., N. ¥.
8 1 ,0 0 0 ,0 0
CAPITAL.,
:OF PHILADELPHIA.
TRU STE E NORFOLK & W ESTERN 'R A IL R O A D
COMPANY EQUIPMENT M ORTGAGE
DA TE D JUNE 1st, 1888.
Seventh P u rch ase o f B o n d s for S in k
in g F u n d .
P h i l a d e l p h i a , Decem ber 1st, 1891.
To Holders o f Equipment Mortgage Bonds
o f the Norfolk & Western RR. Co.:
Under and fo r the purposes o f the Fourth (Sinking
Fund) Provision o f the N orfolk & W estern Railroad
Company’s Equipment .Mortgage, dated June 1st,
1888, proposals are invited fo r the sale and delivery
to the trustee o f the said mortgage, o f bonds secured
thereby. The amount held in the sinking fund by
the said trustee, and applicable to the purchase o f
bonds at the lowest price obtainable, n ot exceeding
par and accrued interest, is $70,37011.
Proposals must be addressed to
T H E GIR A RD L IFE INSURANCE, A N N U ITY A
TRUST COMPANY OF P H IL A D E L P H IA ,
TRUSTEE, NORTH EAST CORNER
B ROAD & CHESTNUT STS.,
P H IL A D E L P H IA ,
and will be received until Saturday, January 23d,
1892, at 3 o ’clock P. M. Respectfully,
W IL L IA M N. E LY, Treasurer.
The Jennings Trust Co.,
1 8 5 D E A R B O R N S T ., C H IC A C © .
DIRECTORS
F. O. French, N. Y .
H . W . Cannon, N. Y.
R. J. Cross, N. Y.
John R. FordTN. Y.
H. L. Higginson, Boston. T. J. Coolidge, jr., Bos.
August Belmont, N. Y .
James O. Sheldon, N. Y .
A . S. Rosenbaum, N. Y.
E. D. Randolph, k . Ÿ.
John N. A Griswold, N. Y .
H . O. Northcote, N. Y.
Sam’l R. Shipley, Phila.
C. C. Baldwin, N. Y.
R. T. W ilson, N. Y.
Chas. F. TagVN. V
J. I. Waterbury, N. Y.
John Kean, Jr., N. J.
CAPITAL^ PAID UP, - - -
$500,000
S U R P L U S ,.................................... $25,000
NEGOTIATES GROUND RENTS in the City o f
Chicago. Takes entire charge o f estates. A cts as
agent fo r the registration and transfer o f bonds and
stocks and the payment o f coupons, interest and
F. O. French, President.
J. I. Waterbury, V.-Pree. dividends. Authorized by law to receive and execute
A . T. French, Secretary and Treasurer.
trusts o f every character from courts, corporations
ALLOW S INTEREST ON DEPOSITS. E XE - and individuals. A legal depository fo r court and
CUTES TRUSTS OF E V E R Y DESCRIPTION * trust funds.
R EG ISTR AR AN D TRAN SFER AGENT.
INTEREST A LLO W ED ON DEPOSITS o f m oney,
which may be made at any tim e and withdrawn after
five days’ notice, or at a fixed date.
Mississippi Valley Trust
Company,
3 0 3 North 4 th Street,
ST. LOUIS, M ISSO UR I.
Capital.............. ............................. 8 1 ,5 0 0 ,0 0 0
UNDER STATE SUPERVISION.
$2 00 ,0 00 deposited with State Officer to
protect trust liabilities.
A GE N ER A L 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 . Paramore,
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 . Oaruth, Julius S. W alsh,
S. R. Francis.
Williamson Bacon.
OFFICERS:
J u l iu s S. W a l s h , President.
J o h n D . P e r r y , 1st V ice -P re s id e n t.
J o h n Sc u l l in , 2 d V ice -P re s id e n t.
B r e c k in r id g e J on es . Secretary
Knickerbocker Trust
Company,
2 3 4 FIFTH AVE., COR. 2TTH STREET.
Branch office, 18 W all St. and 3 Nassau St.
C A P IT A L . A N D S U R P L U S , - 8 1 ,0 0 0 ,0 0 0
DESIGNATED L E G A L DEPOSITORY.
A cts as E xecutor or Administrator o f Estates and
as Guardian, Receiver, Registrar, Transfer and
Financial Agent fo r States, Cities, Towns, Railroads
and other corporations.
JOHN P. TOWNSEND, President.
CHARLES T. BARN EY, Vice-President.
JOSEPH T. BROWN, 2d Vice-President,
DIRECTORS:
Joseph S. Auerbach,
John S. Tilney,
Harry B. Hollins,
E . V. Loew,
Jacob Hays,
H enry F. Dimock
Charles T. Barney,
John P. Townsend
A. Foster Higgins,
Charles F. W atson,
Robert G. Remsen,
David H. King, Jr,
Henry W . T. Mali,
Frederick G. Bourne
Andrew H. Sands,
R obert Mac) ay
James H. Breslin,
C. Lawrence Perkins,
Gen. George J. Magee,
Edward W ood,
I. Townsend Burden.
W m . H. Beadleston.
A lfred L . W hite.
FRED’K L. ELDK1DGE, Secretary.
J. H EN RY TGWNSEND, Assist. Secretary
TRUST FUNDS AN D TRUST INVESTMENTS
are kept separate and apart from the assets o f the
Company.
■ DIRECTORS.
A ZE L F. H A TCH ,
M. W . K ERW IN ,
8 A A C N. P E R R Y
J. R. W A L S H ,
OTTO
CHAS. H . H U LBU RD,
A N D RE W C. LAUSTEN ,
M AURICE ROSENFELD
SAMUEL D. W ARD,',
YOUNG.
OFFICERS.
J. R. W A L S H , President.
ISAAC N. PE RR Y , Vice-President.
SAM UEL D. W A R D , Treasurer.
L Y M AN A . W ALTO N , Cashier.
FR AN K L IN H A T H E W A Y . Secretary
St. Louis Trust Co.,
CORNER 4th AND LOCUST STREETS
St. Louis, Mo.
Capital and Surplus, DIRECTORS:
$ 3 ,0 0 0 ,0 0 0
John T. Davis,
Alvah Mansur,
Daniel Catlln,
Edward S. Rowse.T
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. W est,,
Edwards Whitaker.
THOS. H. W EST, President.
JOHN D. FILLEY, Secretary.
A . C. S T E W A R T, Counsel.
Allow s Interest on Deposits. Executes Trusts o f
every Description. A cts as Registrar and Transfer
A gent, &c.
Chronicle Volumes
SlJVCii 1 8 7 0 .
A ny office possessing these volumes since 1870 has
at hand f i r convenient reference a complete and re*
liable financial history o f the period. Parties having
the m ore recent volumes can obtain from the pub
Ushers most o f the earUer volumes, or com plete se
dan be furnished.
W I L L I A M B . .D A N A A CO..
102 WILLIAM STREET, NEW YORK.
THE CHRONICLE
X
Cotton.
< & 0tt0tU
& S T IL L M A N ,
Witmutinie
I N M A N , S W A N N & Co
W . T . Hatch & Sons,
COTTON MERCHANTS
Dealers in investment stocks and bonds.
Personal attention given at tbe N. V. Stock Ex
change for the purchase and sale on commission « r
stocks and bonds for cash or on margin.
Interest allowed on deposits, subject to draft t
sight.
•
16 TO 22 W ILLIAM STREET,
MEW
LIT.
Walter T. Hatch,
Henry Prescott Hatch,
Arthur Melvin Hatch '
Members o f N. T. Stock and Produce Exchange*.
WOODW ARD
m e: r c : h a n t s
[V ol .
14 Nassau Street, New York.
YORK.
N ew Y o rk .
COTTON OF A L L GRADES SU ITABLE TO
WANTS OF A M ERICAN SPINNERS.
LBHMAN, STERN k CO.,-
LEHMAN, DURR k CO.
New Orleans, La.
Montgomery, Ala.
LEHMAN
BROS.,
Henry Hentz & C o.,
COMMISSION
MERCHANTS,
16 to 22 W illia m Street, N ew Y o r k .
C O M M ISSIO N M E R C H A N T S ,
EXECUTE ORDERS FOR FUTURE DELIVERY
No. 40 Exchange Place,
at the NEW YORK, LIVERPOOL AND NEW OR
LEANS COTTON EXCHANGES. Also orders for
NEW YO R K .
C O TT O N
CO FFEE
«neWRTüRS OF T H E STOCK, COTTON, COF
F E E A N D PRODUCE E XCH AN G ES,
New Y ork.
G R A IN A N D
P R O V IS IO N S
at the NEW YORK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TRADE.
STRAUSS k CO..
Savannah and
New Orleans.
Hubbard, Price & C o.,
COTTON
&
MERCHANTS
LIVERPOOL.
Special attention given to correspondence with In
terior Cotton Merchants and Buyers for the pur
chase and sale o f Cotton both on spot and for future
delivery.
Crenshaw & Wisner,
16 & 18 E x ch a n g e P lace, N ew Y o r k .
THE HAXALL CRENSHAW CO.,
RICHMOND, YA.
Standard Brands o f Flour for Shipment to Warm
Climates always on hand.
ORIENT MANUFACTURING CO.,
ORIENT, L. L
Standard Superphosphates.
N O R F O L K , V A .,
Cotton Brokers and Commission Merchants.
Liberal advances made on Cotton consignments.
Special attention given to the sale of Cotton to
arrive or In transit for both foreign and domestic
markets. Orders executed for the purchase and sale
o f Cotton for Future Delivery.
J. O. B loss.
J. O. BLOSS & C O .,
COTTON
22
R o o m 5 3 . C otton E x ch a n g e B u ild in g .
NEW YORK
Gnstavns C. Hopkins.
Charles D. Miller.
Lncins Hopkins Smith.
Samuel Hopkins.
Bliss, Fabyan & C o.,
N 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 A g e n t s
BROW N
for
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
an d S H E E T IN G S ,
PRINTS, DENIMS, TICKS, DUCKS, * 0 .
T o w e ls , Q u ilts, W h ite G o o d s a n d H o s ie r y
Brills, Sheetings, Ac., tor Export Trade.
MERCHANTS,
W illiam Street,
NEW Y O R K .
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 k Liverpool
Geo. H . McFadden & Bro.
Copeland & C o.,
COTTON
BROKERS,
184 PEA R L STR EET, N E T Y O R K .
Members o f New York and Boston Stock Exchanges
The Short Electric Rail
way Company.
Cearless, Single Reduction
AND
Double Reduction Motors.
SLOW SPEED, MULTIPOLAR RAIL
WAY DYNAMOS.
LINE APPLIANCES FOR COMPLETR
OVERHEAD CONSTRUCTION,
j
MERCHANTS,
P H IL iO E L P H IA .
CLEVELAND,
OHIO;
LIVERPOOL CORRESPONDENTS,
F R E D E R I C Z E R E G A A CO.
W M . FR A N K LIN H A LL
BOOKS
ACCOUNTANT AUDITED
New forms designed for books of ac< ount.
Settlement of Insolvent Estates.
418 Exchange Building, 53 State Street Boston.
Fifth Avenue Hotel,
M adison Square, N E W Y O R K .
The largest, best-appointed and most liberally
managed hotel in the city, with the most central
and delightful location.
HITCHCOCK, DARLING k CO.
Massasoit H o u s e ,
Geo.
H I G H G R A D E I N V E S T ME N T * *
W . D . Rountree & C o.,
Hopkins, Dwight & C o.,
COMMISSION MERCHANTS,
M ASS.
Geo. H. Church , Special
COTTON
C O TTO N . C O TTO NSEED O IL
AND
SOUTHERN PRODUCE
BOSTON,
Price, Reid & C o.,
SULPHUR MINES COMPANY
OF VIRGINIA.
High-Grade Pyrites, free from Arsenic.
BANKERS AND BROKERS1
AND
C O M M ISSIO N M E R C H A N T S .
Members of the Cotton, Coffee and Produce Exch’s.
AGENCY OF
C o .,
COTTON EXCHANGE BUILDING,
NEW Y O R K .
C O .,
4 8 B R O W N ’ S B U IL D IN G S ,
Prince &
Co r r e sp o n d e n t s :
Messrs. Smith, Edwards k Co., Cotton Brokers.
Liverpool,
Jas. Lea McLean k Co., New Orleans.
ST R A U SS
H.
at the NEW YORK COFFEE EXCHANGE, and
Orders executed on the above Exchanges as well
M In New Orleans. Chicago and foreign markets.
STRAUSS k CO„
Manchester, and at prtncipal Cotton Centres
on the Continent.
F.
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 . IT . C H A P I N .
W ay land Trask & C o .,
B A N K E R S AMD B R O K E R S ,
18 W a l l street, N ew Y o r k .
Transact a general banking business. Including
the purchase and sale on eommisslon o f securitle
dealt In at the New York Stock Exchange.
W a v lan d Tr a sk ,
t h k o d o r x Ba l d w i n ,
A l f r e d N. R a n k i n .
American Exchange Bank,
ST . LO U IS, M O.
C a p ita l, • 6 3 0 0 ,0 0 0 I S u rp lu s, - 8 3 0 0 , 0 0 »
PETER NICHOLSON, President.
ALVAH MANS UU, Vioe-President.
WALKER HILL, Cashier
W e send items d ir e c t to every banking point iß
this State.___________________________ _
E. D . Shepard & Co.*
SUCCESSORS TO
AUG. T . POST, Banker,
R E X E L B U IL D IN G , B R O A D S T ., N. Y
State, Conntr and City Bonda.
@FedFRASER